JHMB

John Hancock Mortgage-Backed Securities ETF

$22.22

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The John Hancock Mortgage-Backed Securities ETF (JHMB) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays U.S. MBS Index.

Overview

ETF tracking John Hancock Mortgage-Backed Securities ETF

Category Real Estate

Issuer Other

Inception Date 2021-08-19

Market Cap $160.5M

Average Volume N/A

Dividend Yield 3.43%

52-Week Range $21.17 - $22.49

VWAP $22.24

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests primarily in mortgage-backed securities (MBS) that are included in the Bloomberg Barclays U.S. MBS Index. The index tracks agency mortgage-backed pass-through securities issued by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC). The fund uses a passively managed, index-based approach to achieve its investment objective.

✨ Key Features

Provides exposure to the U.S. agency mortgage-backed securities market
Seeks to track the performance of the Bloomberg Barclays U.S. MBS Index
Low expense ratio of 0.00%
Relatively low risk profile compared to other real estate or fixed income sectors

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline when interest rates rise
Prepayment risk: Mortgage-backed securities are subject to prepayment risk, which can reduce the potential for price appreciation
Credit risk: The fund is exposed to the creditworthiness of the government agencies that back the mortgage-backed securities
Liquidity risk: The mortgage-backed securities market may experience periods of low liquidity, which could affect the fund's ability to sell its holdings

👤 Best For

The John Hancock Mortgage-Backed Securities ETF may be suitable for investors seeking exposure to the U.S. agency mortgage-backed securities market as part of a diversified fixed income portfolio. It may be particularly appealing to conservative investors looking for a relatively low-risk, low-cost option for their fixed income allocation.