ETF Evaluator:
JHancock Multifactor Mid Cap ETF (JHMM)
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(as of Jul 31)
Best Performing in Mid-Cap Blend Over the Last Year
| 80.2% | Castellan Targeted Equity ETF (CTEF) |
| 78.7% | Invesco S&P Spin-Off ETF (CSD) |
| 65.3% | Tema Electrification ETF (VOLT) |
| 61.9% | Optimize Strategy Index ETF (OPTZ) |
| 60.7% | Invesco S&P 500® High Beta ETF (SPHB) |
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ETF Details
JHancock Multifactor Mid Cap ETF Overview
JHancock Multifactor Mid Cap ETF (JHMM) is a passively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). John Hancock launched the ETF in 2015.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the John Hancock Dimensional Mid Cap Index.
The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities that compose the fund's index. The index is designed to comprise a subset of securities in the U.S. Universe issued by companies whose market capitalizations are between the 200th and 951st largest U.S. company at the time of reconstitution.
About JHancock Multifactor Mid Cap ETF (JHMM)
There are 3 members of the management team with an average tenure of 4.16 years: Joseph Hohn (2018), Rita Chen (2022) and Michael Marrkand (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and JH Dimensional Mid Cap TR USD index with a weighting of 100%. JHancock Multifactor Mid Cap ETF has 665 securities in its portfolio. The top 10 holdings constitute 6.1% 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 Multifactor Mid Cap ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. JHancock Multifactor Mid Cap ETF has 2.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.3% There is 2.5% 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 Multifactor Mid Cap ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is above the $4 billion average for the Mid-Cap 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.
JHMM 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 Multifactor Mid Cap ETF expense ratio is average compared to funds in the Mid-Cap Blend category. JHancock Multifactor Mid Cap ETF has an expense ratio of 0.41%, which is 10% lower than its category average, making the fund expense ratio grade a C. 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 Multifactor Mid Cap ETF has a portfolio turnover rate of 19%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 77% for the Mid-Cap Blend category.
Recently, in the month of June 2026, JHancock Multifactor Mid Cap ETF returned 2.7%, which earned it a grade of D, as the Mid-Cap Blend category had an average return of 3.4%. 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 Multifactor Mid Cap ETF has a trailing yield of 0.88%, which is above the 0.85% category average.
The fund normally distributes its income semi-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 Multifactor Mid Cap ETF Grades
Year to date, the ETF has returned 14.9%, 1.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 23.8% over the past year (grade of C), 15.9% over the past three years (grade of C) and 8.8% per year over the past five years (grade of C) and 12.2% per year over the past 10 years (grade of B).
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JHMM Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JHMM Return (NAV) | 2.7% | 12.1% | 23.8% | 15.9% | 8.8% | 12.2% |
| JHMM Return (Price) | 2.6% | 12.1% | 23.8% | 15.9% | 8.8% | 12.2% |
| NAV +/- Price Return | 0.089% | 0.006% | 0.034% | 0.017% | 0.011% | -0.017% |
| Mid-Cap Blend Avg | 3.4% | 15.0% | 25.1% | 16.8% | 9.3% | 12.3% |
| JHMM Grade (NAV) | D | D | C | C | C | B |
| +/- Category (NAV) | -0.7% | -2.9% | -1.3% | -0.9% | -0.5% | -0.2% |
| JHMM Tax-Cost Ratio | na | na | 0.4% | 0.3% | 0.3% | 0.3% |
JHMM Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JHMM Return (NAV) | 14.9% | 10.8% | 14.7% | 14.5% | -15.3% | 24.4% | 16.2% | 30.0% | -9.6% | 20.1% | 14.0% |
| JHMM Return (Price) | 14.9% | 10.7% | 14.6% | 14.5% | -15.3% | 24.5% | 16.2% | 30.0% | -9.5% | 20.0% | 13.4% |
| NAV +/- Price Ret | 0.002% | -0.006% | -0.003% | 0.000% | 0.000% | 0.005% | -0.001% | -0.1% | -0.9% | -0.5% | -4.4% |
| Mid-Cap Blend Avg | 16.2% | 10.5% | 16.1% | 17.0% | -14.5% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| JHMM Grade (NAV) | C | B | C | D | D | C | C | B | C | B | C |
| +/- Category | -1.3% | 0.3% | -1.4% | -2.4% | -0.8% | 1.1% | 0.6% | 2.6% | -0.5% | 1.0% | -0.7% |
| Risk Measures | |
| Beta: | 0.96 |
| R-Squared: | 69% |
| Standard Deviation: | 15.1% |
| Category Risk Index: | 0.97 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.24 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 5,810 Mil |
| Share Class Assets: | $ 5,810 Mil |
| Turnover: | 19.0% |
| Expense Ratio: | 0.41% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.8 years | |||
| Average Tenure: 4.2 years | |||
| Managers (Year): Hohn Joseph (2018), Chen Rita (2022), Marrkand Michael (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 665 |
| % in Top 10 Holdings: | 6.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.5% |
Portfolio Allocation |
|
| Domestic Stock: | 97.3% |
| Foreign Stock: | 2.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | John Hancock |
| Phone Number: | 800-225-6020 |
| Website: | www.jhfunds.com |
| Inception Date: | September 28, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.41% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
