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ETF Specialist

A Mid-Cap Multifactor ETF With Broad Reach

This Silver-rated fund earns its stripes through its thoughtful factor pursuit and strong diversification.

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John Hancock Multifactor Mid Cap ETF (JHMM) pursues the size, value, and quality factors with discipline. Its tilts toward these well-vetted investment factors are fairly tame, but effective diversification and a competitive expense ratio make it an appealing option. It earns a Morningstar Analyst Rating of Silver.

This strategy tracks the John Hancock Dimensional Mid Cap Index. This benchmark targets the broad mid-cap market and weights stocks based on the combined strength of their size, value, and quality characteristics. Stocks that score well in all three criteria receive larger weightings than firms whose strength in one factor is offset by weakness in another.   

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Ryan Jackson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.