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Security Profile
- Security Type
- Index ETF
- CUSIP
- 47804J602
- Market Cap
- Micro Cap · $8 Million
- IPO
- 9/28/2015
Fund Description: John Hancock Multifactor Technology ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the John Hancock Exchange-Traded Fund Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The John Hancock Multifactor Technology ETF seeks to provide investment returns that closely correspond to the price and yield performance of the John Hancock Dimensional Technology Index. INDEX DESCRIPTION: The John Hancock Dimensional Technology Index is designed to comprise securities in the technology sector within the U.S. Universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the Index include those that may be considered medium or smaller capitalization company stocks. The selection and weighting of securities in the Index involves a rules based process that may sometimes be referred to as multifactor investing, factor-based investing, strategic beta, or smart beta. Securities are classified according to their market capitalization, relative price, and profitability. Weights for individual securities are then determined by adjusting their free-float adjusted market capitalization weight within the universe of eligible names so that names with smaller market capitalizations, lower relative price and higher profitability generally receive an increased weight relative to their unadjusted weight, and vice versa. The Index is reconstituted and rebalanced on a semiannual basis. FUND STRATEGY: The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities that compose the Index. The technology sector is composed of companies in areas such as the creation, development or provision of software, hardware, internet services, database management, information technology consulting and services, data processing, or semi-conductors. The Fund, using an indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. FUND MANAGEMENT: John Hancock Advisers, LLC serves as the investment advisor to the Fund. Dimensional Fund Advisors LP serves as the sub-advisor to the Fund.
Company Contact
- Headquarters
- 601 Congress Street, Boston, MA 02210-2805
- Phone
- 617-663-3000 · Toll-Free 800-225-5291
- Investor Relations
- 800-225-5291 · info@jhinvestments.com