ETF Evaluator:
JHancock Mortgage Backed Sec ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Securitized Bond - Diversified Over the Last Year
| 6.5% | Obra Opportunistic Structured Prdcts ETF (OOSP) |
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| 5.2% | Obra High Grade Structured Products ETF (OGSP) |
| 5.0% | Touchstone Securitized Income ETF (TSEC) |
| 4.8% | Eaton Vance Mortgage Opportunities ETF (EVMO) |
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ETF Details
JHancock Mortgage Backed Sec ETF Overview
JHancock Mortgage Backed Sec ETF (JHMB) is an actively managed Taxable Bond Securitized Bond - Diversified exchange-traded fund (ETF). John Hancock launched the ETF in 2021.
The investment seeks a high level of current income while seeking to outperform the benchmark over a market cycle.
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities. The fund may invest in mortgage-related securities issued or guaranteed by U.S. governmental entities and privately issued mortgage-related securities. The fund may invest up to 20% of its net assets in non-mortgage-backed securities including other asset-backed securities and Collateralized Loan Obligations (CLOs) and cash and cash equivalents.
About JHancock Mortgage Backed Sec ETF (JHMB)
There are 5 members of the management team with an average tenure of 4.22 years: David Bees (2021), Pranay Sonalkar (2024), Connor Minnaar (2022), Jeffrey Given (2021) and Howard Greene (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US MBS TR USD index with a weighting of 100%. JHancock Mortgage Backed Sec ETF has 414 securities in its portfolio. The top 10 holdings constitute 7.9% 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 Mortgage Backed Sec ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. JHancock Mortgage Backed Sec ETF has 0.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.4% (95.3% domestic bond, 0.1% foreign bond and 0.0% convertible bond). JHancock Mortgage Backed Sec ETF has 4.6% of the portfolio in cash.
Assets Under Management
The fund has $204 million in total assets, which is below the $912 million average for the Securitized Bond - Diversified 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.
JHMB 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 Mortgage Backed Sec ETF expense ratio is below average compared to funds in the Securitized Bond - Diversified category. JHancock Mortgage Backed Sec ETF has an expense ratio of 0.39%, which is 6% lower than its category average, making the fund expense ratio grade a B. 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 Mortgage Backed Sec ETF has a portfolio turnover rate of 40%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 154% for the Securitized Bond - Diversified category.
Recently, in the month of July 2026, JHancock Mortgage Backed Sec ETF returned -1.1%, which earned it a grade of F, as the Securitized Bond - Diversified category had an average return of -0.4%. 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 Mortgage Backed Sec ETF has a trailing yield of 4.86%, which is below the 5.35% category average.
The fund normally distributes its income monthly.
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 Mortgage Backed Sec ETF Grades
Year to date, the ETF has returned -0.1%, 1.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.3% over the past year (grade of C) and 4.9% over the past three years (grade of D).
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JHMB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JHMB Return (NAV) | -1.1% | -0.6% | 4.3% | 4.9% | na | na |
| JHMB Return (Price) | -1.3% | -0.4% | 4.1% | 5.0% | na | na |
| NAV +/- Price Return | 0.180% | -0.181% | 0.192% | -0.040% | na | na |
| Securitized Bond - Diversified Avg | -0.4% | 0.2% | 4.5% | 5.8% | 1.6% | 2.7% |
| JHMB Grade (NAV) | F | D | C | D | na | na |
| +/- Category (NAV) | -0.7% | -0.7% | -0.2% | -0.8% | na | na |
| JHMB Tax-Cost Ratio | na | na | 1.9% | 1.9% | na | na |
JHMB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JHMB Return (NAV) | -0.1% | 8.3% | 3.1% | 7.5% | -10.7% | na | na | na | na | na | na |
| JHMB Return (Price) | -0.2% | 7.9% | 3.5% | 7.2% | -10.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | 1.720% | -0.055% | 0.147% | -0.036% | -0.041% | na | na | na | na | na | na |
| Securitized Bond - Diversified Avg | 1.1% | 7.6% | 5.1% | 6.6% | -10.6% | 1.3% | 2.9% | 5.9% | 1.6% | 3.7% | 3.0% |
| JHMB Grade (NAV) | F | B | D | B | C | na | na | na | na | na | na |
| +/- Category | -1.1% | 0.7% | -2.1% | 0.8% | -0.1% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.03 |
| R-Squared: | 99% |
| Standard Deviation: | 5.8% |
| Category Risk Index: | 1.29 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.48 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.9% |
| Total Assets: | $ 204 Mil |
| Share Class Assets: | $ 204 Mil |
| Turnover: | 40.0% |
| Expense Ratio: | 0.39% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.0 years | |||
| Average Tenure: 4.2 years | |||
| Managers (Year): Bees David (2021), Given Jeffrey (2021), Greene Howard (2021), Minnaar Connor (2022), Sonalkar Pranay (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 414 |
| % in Top 10 Holdings: | 7.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 95.3% |
| Foreign Bond: | 0.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | John Hancock |
| Phone Number: | 800-225-6020 |
| Website: | www.jhfunds.com |
| Inception Date: | August 18, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.39% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
