JHAC vs NPFE: Grades, Fees and Holdings Compared

John Hancock Fundamental All Cap Core ETF

JHACDNYSE Arca

Npf Core Equity Etf

NPFEACboe

Overlap

26.0%by weight

Expense ratio

NPFE −0.32pt a year

JHAC0.72%NPFE0.40%

Avg volume · 30D

NPFE 41.1×the volume

JHAC246NPFE10.1K

JHAC vs NPFE Performance

Jul 31, 2026 – Oct 30, 2026

+1.4%JHAC+1.8%NPFE

Expense ratio: JHAC 0.72%; NPFE 0.40%, better
Fund size: JHAC $4M; NPFE $655M
1Y total return: JHAC +2.3%; NPFE No data
Yield (12M): JHAC 2.28%; NPFE No data
Holdings: JHAC 49; NPFE 162
Avg volume (30D): JHAC 246 sh; NPFE 10.1K sh, better
NAV per share: JHAC $15.61; NPFE $28.20
52W range

ETF.net Grade

Pillar letters and Scores for JHAC, NPFE, with each pillar’s weight
Pillar	JHAC	NPFE
Cost30% weight	D38	A94Higher
Mission25% weight	B64	Not scored
Risk15% weight	F23	A83Higher
Tradability15% weight	F13	B63Higher
Holdings10% weight	B62	B69Higher
Durability5% weight	C44	B55Higher

Rank among US Active Quality funds

How we build Categories ›

Same Category. JHAC and NPFE are both graded against the same 16 US Active Quality funds, so their Grades compare head to head.

US Active Quality⁠

Category · 16 funds

See all 16 ›

NPFE ranks 1st and JHAC 12th of 16 funds in the US Active Quality Category.

Rank 1ANPFENpf Core Equity EtfScore 79
Rank 2AQLTYGMO US Quality ETFScore 75
Rank 11DBWTGBrendan Wood TopGun ETFScore 34
Rank 12DJHACJohn Hancock Fundamental All Cap Core ETFScore 33
Rank 13DNQLTNeuberger Quality Select ETFScore 31

Our read on each fund

ETF.net Research

JHACDJohn Hancock Fundamental All Cap Core ETF

NPFEANpf Core Equity Etf

In short

JHAC A rare shielded active ETF: Manulife's analysts run an all-cap book of cash-generative businesses, and you see a daily tracking basket instead of the full holdings. Fee is 0.72% net of a waiver through July 31, 2027.

NPFE No data

Stated mandate

JHAC The fund seeks long-term capital appreciation.

NPFE No data

Why people hold it

JHAC Runs under an SEC exemptive order as a semi-transparent ETF: it posts a daily tracking basket designed to closely track the portfolio, keeping the manager's actual trades out of public view.jhinvestments.com jhinvestments.com 2
Go-anywhere equity mandate. At least 80% of net assets in stocks spanning the full capitalization spectrum, with room for up to 20% in foreign issuers and ADRs. No index to hug.jhinvestments.com
Bottom-up research hunting growth drivers, sustainable cash flow and high returns on capital; positions get sold when they hit target valuation or the fundamentals deteriorate.jhinvestments.com
Subadvised by Manulife Investment Management (US), which ran this all-cap strategy as a composite before the ETF opened in 2023.jhinvestments.com

NPFE No data

Worth knowing

JHAC You pay up for the research: 0.72% net of a waiver through July 31, 2027, above the category median, with gross expenses at 5.11% while the asset base stays small.
Fully transparent peers cost less: PSET at 0.15% and QLTY at 0.50%, neither leaning on a waiver.
Small and thinly traded, so spreads can run wide, and the prospectus notes traders tend to charge more when they get less holdings information.jhinvestments.com

NPFE No data

Full JHAC profile⁠

Full NPFE profile⁠

JHAC vs NPFE Holdings

How JHAC and NPFE differ

Overlap by weight

26.0%

Shared holdings make up 51.3% of JHAC and 28.7% of NPFE.

Level by level

Holdings15 in both26.0%
Sector11 Sectors73.7%
Countryby domicile93.8%
Asset classEquity100%

Sector

Sector weights in JHAC and NPFE, widest gap first
Sector	More in JHACMore in NPFE	JHAC	NPFE
Consumer Discretionary	JHAC +10.5 points	23.9%	13.4%
Technology	NPFE +8.8 points	27.5%	36.3%
Health Care	NPFE +6.7 points	6.3%	13.0%
Industrials	NPFE +5.4 points	6.5%	11.9%
Materials	NPFE +5.3 points	1.1%	6.4%
Energy	JHAC +4.6 points	4.9%	0.3%
Financials	JHAC +3.7 points	15.9%	12.2%
Real Estate	JHAC +3.4 points	3.5%	0.1%
Communication	JHAC +2.7 points	8.9%	6.2%
Consumer Staples	JHAC +1.2 points	1.5%	0.3%
Utilities	NPFE +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in JHAC and NPFE, widest gap first
Country	More in JHACMore in NPFE	JHAC	NPFE
United States	NPFE +3.2 points	93.8%	97.0%
Taiwan	NPFE +2.8 points	0.0%	2.8%
Canada	JHAC +2.4 points	2.5%	0.1%
Belgium	JHAC +1.5 points	1.5%	0.0%
Israel	JHAC +1.2 points	1.2%	0.0%
Switzerland	JHAC +0.8 points	0.8%	0.0%
Other countries (4)	JHAC +0.1 points	0.2%	0.1%

Concentration

Weight in the 10 largest Holdings

JHAC47.5%
NPFE44.1%

Securities held

JHAC49
NPFE162

Asset class

JHAC: Equity
NPFE: Equity

Holdings

Only in JHAC34
In both15
Only in NPFE147

Only in JHAC

34 securities, 48.7% of JHAC by weight

Jh Ctf 20491231 00001.0000000000 0.000%, 12/31/20493.46%
KKR & Company, Inc.3.13%
Roper Technologies, Inc.2.65%
Cheniere Energy, Inc.2.64%
Lennar Corp.2.54%
Liberty Media Corp.2.31%
Elevance Health, Inc.1.99%
TransDigm Group, Inc.1.96%
Elanco Animal Health, Inc.1.90%
S&P Global, Inc.1.84%
CarMax, Inc.1.76%
Alnylam Pharmaceuticals, Inc.1.74%
Workday, Inc.1.70%
United Rentals, Inc.1.52%
Vail Resorts, Inc.1.51%
Spotify Technology SA1.47%
Zimmer Biomet Holdings, Inc.1.46%
Ferrari NV1.43%
Cargurus, Inc.1.35%
Haleon PLC1.18%
Apple, Inc.1.10%
Post Holdings, Inc.1.05%
GE HealthCare Technologies, Inc.0.94%
Millrose Properties, Inc.0.81%
American Tower Corp.0.78%
First Hawaiian, Inc.0.73%
Group 1 Automotive, Inc.0.71%
Regal Rexnord Corp.0.67%
HubSpot, Inc.0.66%
Fortive Corp.0.50%
Adobe, Inc.0.43%
Mobileye Global, Inc.0.38%
Fox Factory Holding Corp.0.26%
Five Point Holdings LLC0.20%

Only in NPFE

147 securities, 71.3% of NPFE by weight

Ball Corp4.13%
Visa Inc3.98%
Allison Transmission Holdings3.65%
Berkshire Hathaway Inc CL B3.61%
Danaher Corp3.40%
Applied Materials Inc3.33%
Merck & Co Inc3.17%
Verisk Analytics Inc3.16%
Linde PLC3.03%
Moody's Corp2.82%
Union Pacific Corp2.71%
Waste Management Inc2.68%
Mastercard Inc2.50%
Abbott Laboratories2.46%
Sherwin-Williams Co/The2.28%
Coherent Corp1.86%
Motorola Solutions Inc1.82%
Knight-Swift Transportation Holdings Inc1.80%
Ecolab Inc1.54%
Eaton Corp PLC1.54%
Trimble Inc1.41%
KLA Corp1.40%
EPAM Systems Inc1.32%
Entegris Inc1.26%
SS&C Technologies Holdings Inc1.26%
Tyler Technologies Inc1.15%
Zebra Technologies Corp0.90%
Stryker Corp0.90%
Nordson Corp0.88%
Home Depot Inc/The0.82%
TJX Cos Inc/The0.80%
Viking Holdings Ltd0.66%
Arista Networks Inc0.60%
Cadence Design Systems Inc0.49%
Synopsys Inc0.48%
State Street Inst U.s. Government Mmkt Admn Class0.14%
Intuitive Surgical Inc0.06%
Goldman Sachs Group Inc/The0.05%
Norfolk Southern Corp0.05%
PepsiCo Inc0.04%
Advanced Micro Devices Inc0.03%
Analog Devices Inc0.03%
Rolls-Royce Holdings PLC0.03%
3M Co0.03%
Automatic Data Processing Inc0.03%
American Express Co0.03%
Lincoln Electric Holdings Inc0.03%
Parker-Hannifin Corp0.03%
Mondelez International Inc0.03%
Phillips 660.03%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in JHAC and NPFE, widest gap first
Holding	More in JHACMore in NPFE	JHAC	NPFE
Broadcom, Inc.AVGO	JHAC +4.40 points	4.46%	0.06%
Meta Platforms, Inc.META	JHAC +3.85 points	5.06%	1.21%
Amazon.com, Inc.AMZN	JHAC +3.37 points	7.11%	3.74%
Microsoft Corp.MSFT	NPFE +2.70 points	8.39%	11.09%
McKesson Corp.MCK	JHAC +2.15 points	2.16%	<0.01%
salesforce.com, Inc.CRM	JHAC +2.05 points	2.06%	<0.01%
UnitedHealth Group, Inc.UNH	JHAC +1.75 points	1.76%	<0.01%
Vulcan Materials CompanyVMC	JHAC +1.51 points	1.52%	<0.01%
Taiwan Semiconductor Manufacturing Company, Ltd.TSM	JHAC +1.30 points	4.23%	2.93%
Arthur J Gallagher & CompanyAJG	JHAC +1.27 points	1.28%	<0.01%
Alphabet, Inc., Class AGOOGL	JHAC +1.17 points	4.76%	3.59%
QUALCOMM, Inc.QCOM	JHAC +1.14 points	1.16%	0.02%
NVIDIA Corp.NVDA	JHAC +0.48 points	4.05%	3.57%
Accenture PLCACN	JHAC +0.44 points	0.45%	<0.01%
Thermo Fisher Scientific, Inc.TMO	JHAC +0.37 points	2.81%	2.44%

All JHAC holdings⁠All NPFE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JHAC vs NPFE Cost

Overpaying JHAC vs NPFE

$5,867

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JHAC 0.72%
$13,957
NPFE 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

JHAC 0.72%
NPFE 0.40%
Overpaying

Year by year

Year	JHAC	NPFE	Overpaying
10	$1,284	$723	$561
20	$4,888	$2,793	$2,095
30	$13,957	$8,090	$5,867

Expense ratio

0.72%JHAC
0.40%NPFE, cheaper

NPFE0.40%JHAC0.72%

0.40%1.52%

Middle half of US Active Quality funds
Median 0.65%

NPFE cheapest of 16 funds

JHAC 11th cheapest of 16 funds

JHAC vs NPFE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JHAC 2.28%; NPFE No data
Payout (12M): JHAC $0.36; NPFE No data
Last payment: JHAC $0.36; NPFE $0.08
Ex-dividend: JHAC Dec 29, 2025; NPFE Sep 29, 2026
Paid on: JHAC Dec 31, 2025; NPFE Sep 30, 2026
Frequency: JHAC Annual; NPFE Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

JHACAnnual · 3 paymentsAll JHAC payments⁠

NPFEIrregular · 1 paymentAll NPFE payments⁠

JHAC vs NPFE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JHAC 14.6%since Dec 2023NPFE No data
Return per unit of riskSharpe ratio, 3 years: JHAC 0.62since Dec 2023NPFE No data
Worst fallMax drawdown, 5 years: JHAC −24.4%since Nov 2023NPFE No data
Market sensitivityBeta, 5 years: JHAC 1.16NPFE 0.48; Market = 1

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