What this ETF is trying to do

The John Hancock Fundamental All Cap Core ETF (JHAC) is an exchange-traded fund listed on the NYSE. This ETF is designed to provide exposure to a variety of companies across different sizes, often referred to as "all cap." Based on its top holdings, the fund includes large companies in sectors like technology and finance.

What the numbers show

As of October 9, 2026, the current price of JHAC is $15.66. To understand how the price has moved, we can look at its returns:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 3.78% since the start of the year.

• One-Year Price Return: The share price has increased by approximately 1.53% over the last year.

• Estimated Price from Roughly One Year Ago: The price was approximately $15.42.

It is important to distinguish between price return and total return. Price return only tracks the change in the share price. Total return includes both the price change and any distributions paid out. For JHAC, the one-year total return was approximately 2.11%, which is higher than the one-year price return of 1.53%. This shows that distributions added to the overall value.

Income and distribution explanation

JHAC provides a distribution yield of approximately 0.56%. The trailing distributions (the cash paid out over the last year) were $0.0872 per share.

The data shows that the distribution frequency is "irregular" or "less frequent," with only one payout recorded in the last 12 months. When looking at income, it is important to remember that a distribution yield tells you how much cash was paid relative to the price, but it does not guarantee that the investment will grow or that future payments will be the same.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, we can look at the erosion-risk score. JHAC has an erosion score of 94, which is labeled as "Stable / sideways." The erosion severity is described as "good," and there is no severe erosion-risk flag present. This suggests that the fund's price has not shown significant signs of deterioration based on these specific risk measurements.

Top Holdings

The following are the top holdings in the JHAC portfolio (note that this is a partial list):

• Amazon.com Inc: 8.21%

• Nvidia Corp: 6.24%

• Alphabet Inc Class A: 5.60%

• Lennar Corp Class A: 4.86%

• Apple Inc: 4.24%

• KKR & Co Inc: 3.98%

• Morgan Stanley: 3.78%

• Cheniere Energy Inc: 3.34%

• First Hawaiian Inc: 3.28%

• Crown Castle Inc: 3.23%

Holdings can change over time. This list was updated as of October 11, 2026.

Pros

• The fund shows a stable erosion-risk score.

• The one-year total return was higher than the one-year price return, meaning distributions added value.

Cons

• The distribution frequency is irregular and less frequent.

• The distribution yield is relatively low at 0.56%.

Beginner takeaway

JHAC is an ETF that holds a mix of large companies. While it provides some income through distributions, the payments are not frequent. Investors should note that while the share price has seen some growth, the total return (which includes distributions) provides a more complete picture of how the fund performed.