JHMU Profile
The John Hancock Multifactor Utilities ETF is designed to invest at least 80% of its net assets, including any borrowings for investment purposes, in securities that make up its underlying index. This index specifically targets the utilities sector within the U.S. equity market, focusing on companies with market capitalizations greater than the 1001st largest U.S. company at the time of reconstitution. The ETF aims to offer targeted exposure to large-cap utilities stocks that are considered leaders in their industry.
The fund utilizes a multifactor investment strategy to select securities, emphasizing factors such as value, momentum, quality, and volatility. This approach is intended to enhance returns and manage risk by identifying and capitalizing on attributes believed to drive superior performance within the utilities sector. By applying these factors, the ETF seeks to outperform the broader utilities sector while maintaining a focus on large-cap companies.
In addition to its focus on large-cap utilities, the ETF’s investment strategy aims to capture the growth and stability characteristics of leading companies in this sector. Utilities, known for their essential services and relatively stable revenue streams, can offer investors a combination of growth potential and income stability. The fund's selection criteria are designed to ensure that it includes high-quality, financially robust companies with significant market influence.
Overall, the John Hancock Multifactor Utilities ETF provides investors with a strategic approach to investing in the utilities sector. By focusing on large-cap companies and employing a multifactor strategy, the fund aims to deliver competitive returns while managing sector-specific risks. The ETF remains non-diversified, reflecting its concentrated exposure to the utilities sector within the broader U.S. equity market.
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