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John Hancock Corporate Bond ETF

JHCB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 30 2021
Expense Ratio
0.29%
Type
Global Bonds
Fund Owner
John Hancock Funds
Volume (1m avg. daily)
$10,021
AUM
$23,272,968
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

BAC4979302
BANK OF AMERICA CORP
2.51%
LYG25A
Lloyds Banking Group plc - 4.45% NT REDEEM 08/05/2025 USD 200000
2.43%
BCS26
Barclays plc - 4.375% NT REDEEM 12/01/2026 USD 200000
2.40%
SAN/27
Santander Holdings USA Inc - 4.40% NT REDEEM 13/07/2027 USD 2000
2.34%
JPM4881195
JPMORGAN CHASE + CO
2.33%
n/a
GOLDMAN SACHS GROUP INC
2.23%
C4905065
CITIGROUP INC
2.11%
WFC4903230
WELLS FARGO + COMPANY
2.11%
n/a
Morgan Stanley Medium Term Notes 2019-23.01.30 Global Series I Fixed/Floating Rate
2.06%
CFG/30A
Citizens Financial Group Inc - 3.25% NT REDEEM 30/04/2030 USD 2000
2.05%
Invest with JHCB

What is JHCB?

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in corporate bonds. Thesecorporate bonds are investment-grade securities rated from AAA to BBB- by Standard & Poor s Ratings Services (S&P) or by Fitch Ratings (Fitch) or from Aaa toBaa3 by Moody s Investors Service, Inc. (Moody s), or comparable rating by any nationally recognized statistical rating organization (NRSRO), or their unrated equivalents. For these purposes, corporate bonds include corporate debentures and other debt securities issued by corporations. The fund s investment policiesare based on credit ratings at the time of purchase. There is no limit on average maturity.The manager focuses on bottom-up industry allocation and security selection in making investment decisions. When making industry allocations, the managerconsiders each industry s place in the business cycle, forward looking trends and historical and technical factors before relative value decisions are made. Themanager uses bottom-up fundamental research to find individual securities that appear comparatively undervalued. The fund may engage in derivativestransactions, including credit default swaps, foreign currency forward contracts, futures contracts, and options, to reduce risk, obtain efficient market exposure,and/or enhance investment returns. The fund may trade securities actively.The fund may invest up to 20% of its net assets in investment-grade bank loans (including loan participations) and cash and cash equivalents. Directinvestments in loans may be illiquid and holding a loan could expose the fund to the risks of being a direct lender.The fund may invest in securities of foreign governments and corporations. The fund may invest up to 10% of its total assets in securities denominated inforeign currencies. Under normal market conditions, the fund will limit its investments in U.S. dollar-denominated foreign securities (excluding Canadiansecurities) to 30% of its total assets. The fund may invest in bonds issued by master limited partnerships.

ETFs related toJHCB

ETFs correlated to JHCB include VCEB, LQD, SUSC

JHCB
John Hancock Exchange-Traded Fund Trust - John Hancock Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
DYLD
Two Roads Shared Trust - LeaderShares Dynamic Yield ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJHCB

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with JHCB using Composer

FAQ

JHCB is a Global Bonds ETF. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in corporate bonds. Thesecorporate bonds are investment-grade securities rated from AAA to BBB- by Standard & Poor s Ratings Services (S&P) or by Fitch Ratings (Fitch) or from Aaa toBaa3 by Moody s Investors Service, Inc. (Moody s), or comparable rating by any nationally recognized statistical rating organization (NRSRO), or their unrated equivalents. For these purposes, corporate bonds include corporate debentures and other debt securities issued by corporations. The fund s investment policiesare based on credit ratings at the time of purchase. There is no limit on average maturity.The manager focuses on bottom-up industry allocation and security selection in making investment decisions. When making industry allocations, the managerconsiders each industry s place in the business cycle, forward looking trends and historical and technical factors before relative value decisions are made. Themanager uses bottom-up fundamental research to find individual securities that appear comparatively undervalued. The fund may engage in derivativestransactions, including credit default swaps, foreign currency forward contracts, futures contracts, and options, to reduce risk, obtain efficient market exposure,and/or enhance investment returns. The fund may trade securities actively.The fund may invest up to 20% of its net assets in investment-grade bank loans (including loan participations) and cash and cash equivalents. Directinvestments in loans may be illiquid and holding a loan could expose the fund to the risks of being a direct lender.The fund may invest in securities of foreign governments and corporations. The fund may invest up to 10% of its total assets in securities denominated inforeign currencies. Under normal market conditions, the fund will limit its investments in U.S. dollar-denominated foreign securities (excluding Canadiansecurities) to 30% of its total assets. The fund may invest in bonds issued by master limited partnerships.

Yes, JHCB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JHCB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JHCB is -0.0132%. This is the percent change in the value of JHCB over the most recent 1-month period. The 3-month return on JHCB is -0.0245%. This is the percent change in the value of JHCB over the most recent 3-month period.

The standard deviation of JHCB for the past year is 0.0849%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JHCB include IGSB, VCIT, and VCSH.

ETFs correlated to JHCB include VCEB, LQD, and SUSC.

ETFs that are inversely correlated to JHCB include TTT, TBF, and TBT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.