ETF Research Center

The John Hancock Multifactor Emerging Markets ETF tracks a multi-factor selected and weighted index of large- and midcap stocks from emerging markets.

FUND BASICS
Category	Emerging Market Equities
Fund Sponsor	John Hancock
Website	www.jhinvestments.com
Inception date	Sep 27, 2018
Assets (mns)	$838
Currency	USD
Expense ratio	55 bp
Distributions	Semi-annual

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Multi-Factor
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	633
Wgt avg mkt cap (mns)	$94,937
Large cap (>$10bn)	73.7%
Mid cap ($2-10bn)	24.7%
Small cap (<$2bn)	0.3%
Developed mkts	7.1%
Emerging mkts	92.9%

TOP TEN HOLDINGS
Total	22.6 %
SAMSUNG ELECTRONICS CO LTD	4.9 %
TENCENT HOLDINGS LTD	4.1 %
TAIWAN SEMICONDUCTOR MANUFAC	3.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR	3.2 %
CHINA CONSTRUCTION BANK-H	1.5 %
CHINA MOBILE LIMITED	1.3 %
RELIANCE INDUSTRIES LTD	1.2 %
VALE SA	1.1 %
PING AN INSURANCE GROUP CO-H	1.1 %
IND & COMM BK OF CHINA - H	1.0 %

TOP COUNTRY EXPOSURE
	CHINA	23.4 %
	SOUTH KOREA	13.7 %
	TAIWAN	13.1 %
	INDIA	11.5 %
	BRAZIL	7.9 %
	HONG KONG	5.9 %
	SOUTH AFRICA	5.5 %
	RUSSIA	3.9 %
	INDONESIA	2.7 %
	MEXICO	2.7 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru December 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
17.7%	17.7%	--	--	16.0%

Market Correlations
versus...	Beta	R-squared
S&P500	0.80	58%
MSCI EAFE	1.14	72%
MSCI Emg. Mkts.	1.02	96%

Technical Indicators
Recent close	$27.22
30d moving avg.	$26.47
Annualized volatility	16.5%
Short interest (ETF)	0.0%
Relative strength (RSI)	68

Liquidity measures
Avg. volume (thou.)	43
Turnover	0.1%
Bid/Ask (% of price)	0.16%
ADV underlying (mns)	$18,616

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the John Hancock Multifactor Emerging Markets ETF based on the alternatives' overlap in portfolio holdings with JHEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

JHEM

Expense:

55 bp

ALTAR Score™:

8.1%

ALTERNATIVE ETFs BASED ON OVERLAP WITH JHEM
Ticker	Fund Name	Overlap¹ vs JHEM (%)	Expense ratio (bp)	Savings vs JHEM (bp)	ALTAR Score™ (%)	ALTAR vs JHEM (%)
EEM	iShares MSCI Emerging Markets	68.0	67	-12	7.7	-0.5
EEMA	iShares MSCI Emg Mkts Asia	66.8	50	5	7.9	-0.2
DBEM	Xtrackers MSCI Emg. Mkts. Hedged	66.4	65	-10	7.7	-0.5
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Free	64.7	30	25	7.9	-0.3
IEMG	iShares Core MSCI Emerging Markets	62.9	14	41	8.0	-0.2
AAXJ	iShares MSCI Asia ex-Japan	60.8	67	-12	7.4	-0.7
SCHE	Schwab Emerging Markets Equity	60.8	13	42	7.9	-0.2
FLAX	Franklin FTSE Asia Ex Japan	60.2	19	36	7.8	-0.3
GEM	Goldman Sachs ActiveBeta Emg Mkts Equity	59.0	45	10	8.3	+0.2
XSOE	WisdomTree Emg Mkt ex-SOE	57.0	32	23	6.3	-1.9
VWO	Vanguard Emerging Markets	55.8	12	43	7.9	-0.2
DVEM	WisdomTree Emerging Markets Dividend	54.4	32	23	10.4	+2.3
PBEE	Invesco PureBeta FTSE Emerging Markets	53.6	14	41	8.4	+0.3
PXH	Invesco FTSE-RAFI Emerging Markets	52.1	50	5	11.4	+3.3
SPEM	SPDR Portfolio Emerging Markets	51.5	11	44	7.8	-0.3
KEMX	KraneShares MSCI Emerging Markets EX China Index	49.1	49	6	8.1	-0.1
EMXC	iShares MSCI Emerging Markets ex China	48.9	49	6	8.0	-0.2
TLTE	FlexShares Mngstr Emerging Markets Factor Tilt	48.0	59	-4	12.0	+3.9
QEMM	SPDR MSCI Emerging Markets Quality Mix	47.3	30	25	8.6	+0.4
ESGE	iShares MSCI EM ESG Optimized	46.6	25	30	8.5	+0.4

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS

	2018	2019E	2020E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	John Hancock Multifactor Emerging Markets
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	12.4	%
Divided by: Fwd. P/BV	1.4	x
Less: Expense ratio	55	bp
Equals: ALTAR Score	8.1	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.45	CATEGORY AVERAGE	1.48

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.