John Hancock Multifactor Industrials ETF
JHMI
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
FRC
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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
- 200 Berkeley Street Boston MA United States of America 2116
- IPO Date
- Mar 28, 2016
- CIK
- 0001478482
- Similar Companies
- Business
- John Hancock Multifactor Industrials ETF (JHMI) is an exchange-traded fund that seeks to track the performance of the John Hancock Dimensional Industrials Index, comprising securities in the U.S. industrials sector with market capitalizations larger than the 1001st largest U.S. equity; the fund normally invests at least 80% of its net assets in securities composing the benchmark index, focusing on multi-factor strategies including growth and value stocks across large- and mid-cap companies in subsectors such as producer manufacturing, electronic technology, transportation, and industrial services. Launched in March 2016 as part of the John Hancock Exchange-Traded Fund Trust and domiciled in the United States with management in Boston, Massachusetts, JHMI targeted investors seeking exposure to diversified industrials equities primarily in North America, with holdings concentrated in U.S.-based firms representing approximately 90% of assets. In September 2022, John Hancock Investment Management, a division of Manulife Investment Management, announced the closure and liquidation of JHMI along with nine other sector-specific multifactor ETFs due to shifting investor usage patterns and market dynamics in sector investing; the fund ceased accepting creation orders after October 17, 2022, stopped trading on NYSE Arca on October 24, 2022, and completed liquidation by October 26, 2022, distributing pro rata cash proceeds to remaining shareholders. This strategic reorganization allowed John Hancock to refocus its ETF lineup on higher-growth areas, including Dimensional Fund Advisors-subadvised equity suites and new income-oriented offerings like the John Hancock U.S. High Dividend ETF.