The John Hancock Multifactor Industrials ETF (JHMI) primarily aims to track an underlying index. To achieve this, it typically allocates a minimum of 80% of its net assets (including any borrowed capital for investment) to the components of that index. This benchmark index is structured to include U.S.-based companies operating within the industrials sector. These companies must possess market capitalizations significant enough to rank them among the largest 1,000 U.S. firms at the time of the index's periodic rebalancing. It is important to note that the fund is classified as non-diversified.