DCOR vs JHMM

DCORAU.S. Core Equity 1 Portfolio ETF Class Shares

JHMMBJohn Hancock Multifactor Mid Cap ETF

In short

DCOR Index-fund breadth with an active steering wheel: roughly 2,300 US stocks weighted toward smaller, cheaper, more profitable companies, for 0.14% a year. Dimensional's long-running core equity playbook, in an ETF since 2023.

JHMM The mid-cap slice of John Hancock's Dimensional-built index suite: roughly 700 stocks sorted by size, price and profitability instead of market cap alone, at 0.41% net of a waiver through July 31, 2027.

Stated mandate

DCOR The fund seeks long-term capital appreciation through a broadly diversified portfolio of U.S. equities. Its approach combines portfolio design, research, management, and trading while emphasizing long-term expected-return drivers.

JHMM The fund seeks to track, before fees and expenses, the performance of the John Hancock Dimensional Mid Cap Index.

Why people hold it

• DCOR 0.14% a year, well under half the typical fee among US multifactor peers.
• Roughly 2,300 holdings makes this a whole-market core position, not a factor slice, with the smaller-cap, value and profitability tilts built into the weights.
• What the prospectus advertises is what the portfolio holds: broad US equity, tilted to cheaper and more profitable names. One of the tightest mandate fits in its peer group.

• JHMM The index is developed and maintained by Dimensional Fund Advisors, which classifies stocks by market capitalization, relative price and profitability rather than size alone.jhinvestments.com
• Wide net, not a concentrated bet: roughly 700 holdings drawn from companies ranked between the 200th and 951st largest in the US at reconstitution.jhinvestments.com
• Tracking of its index has been among the tightest in a multifactor peer group of roughly 100 funds.
• A multi-billion-dollar fund trading since its 2015 launch, so there is a decade of live history behind the methodology.

Worth knowing

• DCOR Actively managed with no index to replicate, so the holdings rest on Dimensional's judgment and turnover can run higher than an index fund's.sec.gov
• The 0.14% is net of a contractual fee waiver; the gross fee in the prospectus is higher, and the waiver runs on a renewable term.sec.gov
• Moderately traded rather than a volume monster, so spreads can be wider than at the biggest names in the category.

• JHMM Costs 0.41% net of a waiver through July 31, 2027 (0.42% gross), above the median for multifactor funds; plain large-cap screens like VYM at 0.04% sit far below.
• Leaning toward cheaper, more profitable, smaller names means results can drift from a plain mid-cap index for long stretches, in either direction.jhinvestments.com
• Distributions arrive once or twice a year, not quarterly or monthly.

Full DCOR profile⁠

Full JHMM profile⁠