John Hancock Multifactor Energy ETF
JHME
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- MA United States of America
- IPO Date
- Mar 28, 2016
- CIK
- 0001478482
- Similar Companies
- Business
- John Hancock Multifactor Energy ETF (JHME) is an exchange-traded fund that seeks to track the performance of the John Hancock Dimensional Energy Index by investing in a portfolio of large- and mid-cap U.S. equities within the energy sector, employing a multifactor weighting methodology that incorporates size, value, profitability, and momentum factors. Launched on March 28, 2016, by John Hancock Investment Management LLC (a division of Manulife Investment Management), with co-management by Dimensional Fund Advisors L.P., the ETF targeted growth and value stocks across diversified market capitalizations in public equity markets focused on energy sector operations, including upstream oil and gas exploration, production, refining, marketing, and related services. Headquartered in Boston, Massachusetts, the fund operated primarily in the United States, serving institutional and retail investors seeking sector-specific exposure through NYSE Arca trading. The ETF provided investors with targeted access to energy sector equities selected and weighted via quantitative multifactor models derived from academic research, aiming to outperform traditional market-cap-weighted benchmarks by emphasizing empirically supported factors; it held a diversified basket of approximately 50-100 holdings, with top positions typically in major integrated oil companies, independent producers, and energy equipment providers. Prior to closure, JHME featured an expense ratio of approximately 0.40%, low turnover aligned with index replication via full replication technique, and performance metrics including a year-to-date return of around 58% as reported in certain data feeds, though actual NAV-based results varied with market conditions. In a major strategic shift announced on September 22, 2022, John Hancock Investment Management decided to close and liquidate JHME along with nine other sector-specific multifactor ETFs (including JHMC, JHMS, JHMF, JHMH, JHMI, JHMA, JHCS, JHMT, and JHMU), citing shifts in investor usage patterns, competitive market dynamics, and the funds' representation of only 5% of the firm's overall ETF assets under management. The fund ceased accepting creation orders after market close on October 17, 2022, stopped trading on NYSE Arca on October 24, 2022, and completed liquidation with pro rata distributions to remaining shareholders by October 26, 2022, marking the ETF's termination as part of a broader portfolio rationalization to prioritize multifactor core equity and income-focused strategies subadvised by Dimensional Fund Advisors and Manulife Investment Management. No subsequent relaunches, acquisitions, or reorganizations involving JHME have been reported, with John Hancock redirecting resources to expanded offerings such as the John Hancock U.S. High Dividend ETF (JHDV) launched in late 2022 and active ETFs like the John Hancock Disciplined Value Select ETF (JDVL) in 2025.