John Hancock Investments - Multifactor Mid Cap ETF
JHMM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Sep 29, 2015
- CIK
- 0001478482
- Website
- jhinvestments.com
- Similar Companies
- Business
- John Hancock Multifactor Mid Cap ETF (JHMM) is an exchange-traded fund that seeks to replicate the performance of the John Hancock Dimensional Mid Cap Index before fees and expenses. The fund provides broad exposure to U.S. mid-cap equities ranked approximately 200th to 950th by market capitalization, with securities weighted by multiple factors including smaller size, lower relative price, and higher profitability relative to sector peers; it holds approximately 670-671 stocks across diverse sectors to minimize turnover, trading costs, and tax liabilities. Managed passively as a core equity holding in the Mid-Cap Blend category, JHMM features an expense ratio of 0.42%, a trailing 12-month dividend yield of about 1.00%, and total net assets exceeding $4.2 billion as of late 2025. Launched on September 28, 2015, and issued by John Hancock Investment Management, a division of Manulife John Hancock Investments headquartered in Boston, Massachusetts, the ETF trades on NYSE Arca and targets investors seeking mid-cap growth potential with reduced volatility compared to small-caps. Its portfolio emphasizes a multifactor approach backed by academic research linking targeted factors to higher expected returns, with top holdings including Vistra Corp., United Rentals, Inc., and Hartford Insurance Group, Inc., representing about 4.7% of assets in the top 10 positions. The fund operates exclusively in U.S. equity markets, serving institutional and retail investors through brokers and financial advisors. In recent developments, JHMM has seen sustained institutional interest, with holders like CW Advisors LLC increasing their position by 113.6% in Q2 2025 to over 15,971 shares, alongside new stakes by firms such as SVB Wealth LLC, TFC Financial Management Inc., and AE Wealth Management LLC. John Hancock Investment Management, the fund's sponsor, renewed share repurchase plans for several closed-end funds in December 2025 as part of efforts to enhance shareholder value, though JHMM itself maintains stable operations without reported acquisitions, partnerships, or structural changes. Assets under management grew to around $4.4 billion by mid-2025, reflecting year-to-date performance of approximately 8.21% and a 52-week trading range supporting its medium-risk profile with a beta of 1.02-1.04.