John Hancock Investments - High Yield ETF

Frequently Asked Questions About JHHY

What does JHHY invest in?

This fund's primary objective is to generate significant ongoing income for investors, while the growth in the value of the investment itself is a secondary consideration.

What is the expense ratio of JHHY?

John Hancock Investments - High Yield ETF (JHHY) charges an expense ratio of 0.52%. This is the annual fee deducted from fund assets to cover management and operations.

What is JHHY's distribution yield?

JHHY's trailing-twelve-month yield is 7.01%, calculated from the sum of distributions over the past year divided by the current price.

How does JHHY's covered-call strategy work?

JHHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of JHHY?

Effective duration measures JHHY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. JHHY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of JHHY?

JHHY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.