ETF Evaluator: JHancock Fundamental All Cap Core ETF () Follow This ETF

JHancock Fundamental All Cap Core ETF Overview

JHancock Fundamental All Cap Core ETF (JHAC) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). John Hancock launched the ETF in 2023.

The investment seeks long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities. Market capitalizations of these companies will span the capitalization spectrum. Equity securities include exchange-traded common and preferred securities (and exchange-traded futures providing such exposure). The manager seeks to identify companies that demonstrate key growth drivers, sustainable cash flow production, and high returns on capital, sustainable competitive advantages, and strong management.

About JHancock Fundamental All Cap Core ETF (JHAC)

There are 3 members of the management team with an average tenure of 1.67 years: Jonathan White (2023), Nicholas Renart (2025) and Michael Mattioli (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Russell 3000 TR USD index with a weighting of 100%. JHancock Fundamental All Cap Core ETF has 50 securities in its portfolio. The top 10 holdings constitute 46.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

JHancock Fundamental All Cap Core ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. JHancock Fundamental All Cap Core ETF has 6.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.7% There is 6.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JHancock Fundamental All Cap Core ETF has 2.2% of the portfolio in cash.

Assets Under Management

The fund has $3 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

JHAC Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JHancock Fundamental All Cap Core ETF expense ratio is above average compared to funds in the Large Blend category. JHancock Fundamental All Cap Core ETF has an expense ratio of 0.72%, which is 74% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. JHancock Fundamental All Cap Core ETF has a portfolio turnover rate of 64%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.

Recently, in the month of July 2026, JHancock Fundamental All Cap Core ETF returned 4.5%, which earned it a grade of A, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

JHancock Fundamental All Cap Core ETF has a trailing yield of 0.56%, which is below the 1.16% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

JHancock Fundamental All Cap Core ETF Grades

Year to date, the ETF has returned 2.2%, 7.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 6.6% over the past year (grade of F).

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