JHMEJohn Hancock Multifactor Energy ETF
JHME Fund Description
JHME tracks an index of large- and midcap US equities from the energy sector. The index selects stocks by market caps and weights them by multiple factors: size, value, profitability and momentum.
JHME Factset Analytics Insight
JHME offers multi-factor exposure to the US energy sector. The fund’s factors size, value (also called relative price) and profitability are not used in selection, and serve to modify rather than completely replace market-cap weighting. The size factor breaks the eligible universe into three buckets, with the smallest funds (ranked 201 to 1000 by size) receiving the largest overweight, expect a bias to midcaps rather than small-caps. The value factor relies on price/book as a signal and groups stocks accordingly into five buckets. Stocks with the lowest valuation receive the greatest overweight. The profitability factor (operating profit to book value) is treated in the same manner as the value factor. The momentum factor, based on 11-month returns, serves as a kind of spoiler, wherein smaller low-momentum stocks are barred from receiving an overweight they might otherwise earn. The fund is reconstituted and rebalanced semi-annually.
JHME MSCI ESG Analytics Insight
John Hancock Multifactor Energy ETF has an MSCI ESG Fund Rating of A based on a score of 6.98 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. John Hancock Multifactor Energy ETF ranks in the 67th percentile within its peer group and in the 40th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
JHME MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
JHME Summary Data
JHME Portfolio Data
JHME Index Data
JHME Portfolio Management
JHME Tax Exposures
JHME Fund Structure
JHME Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JHME. JHME is rated a 4 out of 5.
JHME Sector/Industry Breakdown
JHME Top 10 Holdings[View All]
JHME Economic Development
JHME Performance Statistics
JHME MSCI ESG Ratings
JHME Benchmark Comparison Summary
JHME Benchmark Comparison Market Cap Size