John Hancock Disciplined Value Select ETF (JDVL)

Overview

The John Hancock Disciplined Value Select ETF is an actively managed exchange-traded fund (ETF) that focuses on large-cap U.S. equities with the goal of achieving long-term capital growth. This fund employs a concentrated value strategy that seeks out companies believed to be undervalued based on various fundamental metrics, including price-to-book ratios, price-to-earnings ratios, cash flow, dividend yields, and management quality. The investment approach is grounded in a bottom-up methodology that combines quantitative data with detailed fundamental analysis.

With a portfolio consisting of approximately 35 to 40 high-conviction positions, the ETF is designed to showcase the best ideas from the management team, which is subadvised by Boston Partners. The fund’s non-diversified nature allows for larger allocations to selected issuers, providing flexibility in managing investment flows through mechanisms such as securities lending, cash creations, and redemptions. Furthermore, the fund has the ability to invest in illiquid securities up to a specified limit and may explore participation in initial public offerings when they fit the investment criteria. Launched in 2025, this ETF extends a long-standing disciplined value framework into an innovative format, delivering concentrated exposure to select U.S. value equities under the guidance of experienced portfolio managers.

Products and Services

• Actively Managed ETF

  The John Hancock Disciplined Value Select ETF operates as an actively managed fund, meaning portfolio management decisions are made based on ongoing research and market evaluations rather than strictly following a preset index. This active management allows for adaptability in changing market conditions, potentially enhancing investment performance.

• Concentrated Value Strategy

  This ETF adopts a concentrated value approach, focusing on a select number of investment opportunities. By targeting approximately 35 to 40 high-conviction positions, the fund emphasizes quality over quantity, concentrating resources on investments deemed to have strong upside potential.

• Fundamental Analysis

  The investment strategy prioritizes fundamental analysis, evaluating companies based on various financial metrics that reflect their intrinsic value. This rigorous examination includes assessments of price-to-book, price-to-earnings ratios, dividend yield, cash flow metrics, and the quality of management, ensuring a thorough understanding of each investment's potential.

• Flexibility in Investments

  Due to its non-diversified structure, the ETF can allocate larger investments to select issuers. This allows for more significant positions in companies identified as undervalued, thus maximizing potential returns. Additionally, it may utilize various tools, including securities lending, to manage fund inflows and outflows effectively.

• Illiquid Securities and IPO Participation

  The ETF is authorized to invest in illiquid securities up to a defined limit, providing access to potentially lucrative investment opportunities that may not be available in more liquid markets. The fund may also invest in initial public offerings (IPOs), taking advantage of early investment opportunities that align with its value criteria.