John Hancock Multifactor Emerging Markets ETF
ALTAR
Score™
8.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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) $726
Currency USD
Expense ratio 49 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 628
Wgt avg mkt cap (mns) $126,226
Large cap (>$10bn) 77.5%
Mid cap ($2-10bn) 20.3%
Small cap (<$2bn) 0.4%
Developed mkts 8.6%
Emerging mkts 90.1%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 4.6 %
TAIWAN SEMICONDUCTOR MANUFAC 4.2 %
TENCENT HOLDINGS LTD 3.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.4 %
CHINA CONSTRUCTION BANK-H 2.2 %
PING AN INSURANCE GROUP CO-H 2.0 %
JD.COM INC-ADR 1.4 %
NETEASE.COM INC-ADR 1.2 %
RELIANCE INDUSTRIES LTD 1.1 %
VALE SA 1.1 %
Total 25.1 %

TOP COUNTRY EXPOSURE
CHINA 30.5 %
SOUTH KOREA 14.1 %
TAIWAN 13.9 %
INDIA 12.0 %
BRAZIL 5.5 %
HONG KONG 4.9 %
SOUTH AFRICA 4.0 %
RUSSIA 2.3 %
MEXICO 2.2 %
MALAYSIA 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.6% 11.7% -- -- 10.5%

Market Correlations
versus... Beta R-squared
S&P500 0.83 67%
MSCI EAFE 0.90 76%
MSCI Emg. Mkts. 0.92 94%

Technical Indicators
Recent close $28.05
30d moving avg. $26.58
Annualized volatility 21.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 53
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $70,010

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the John Hancock Multifactor Emerging Markets ETF 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: 49 bp ALTAR Score™: 8.3%


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 ETF 68.3 68 -19 7.0 -1.3
EEMA iShares MSCI Emerging Markets Asia ETF 67.7 50 -1 7.3 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 66.6 65 -16 6.9 -1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 66.5 30 19 7.3 -1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 65.6 36 13 7.7 -0.6
IEMG iShares Core MSCI Emerging Markets ETF 63.4 13 36 7.5 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 61.9 68 -19 6.7 -1.6
SCHE Schwab Emerging Markets Equity ETF 60.6 11 38 7.6 -0.7
FLAX Franklin FTSE Asia Ex Japan ETF 60.5 19 30 7.3 -1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 57.8 45 4 7.1 -1.2
BKEM BNY Mellon Emerging Markets Equity ETF 57.6 11 38 8.0 -0.3
VWO Vanguard FTSE Emerging Markets ETF 54.5 10 39 7.7 -0.6
ESGE iShares ESG Aware MSCI EM ETF 54.4 25 24 8.1 -0.2
SPEM SPDR Portfolio Emerging Markets ETF 53.4 11 38 7.4 -0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 52.8 32 17 5.8 -2.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 52.4 15 34 8.2 -0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 51.0 50 -1 12.7 +4.3
LDEM iShares ESG MSCI EM Leaders ETF 49.5 16 33 7.5 -0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 48.5 30 19 8.3 -0.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 46.9 20 29 6.4 -1.9
GMF SPDR S&P Emerging Asia Pacific ETF 46.8 49 0 6.9 -1.5
EMXC iShares MSCI Emerging Markets ex China ETF 46.6 25 24 7.4 -0.9
BKF iShares MSCI BRIC ETF 46.2 69 -20 7.3 -1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 45.9 49 0 7.0 -1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 45.7 59 -10 10.3 +2.0
AVEM Avantis Emerging Markets Equity ETF 44.7 33 16 8.3 -0.0
DVEM WisdomTree Emerging Markets Dividend Fund 44.2 32 17 7.1 -1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 43.8 49 0 8.8 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 43.3 39 10 12.3 +4.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 38.6 32 17 8.3 -0.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 36.3 45 4 8.3 -0.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 35.3 50 -1 10.4 +2.1
MCHI iShares MSCI China ETF 34.7 59 -10 7.8 -0.5
GXC SPDR S&P China ETF 34.2 59 -10 7.7 -0.6
FLCH Franklin FTSE China ETF 34.0 19 30 8.3 -0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 33.7 40 9 6.9 -1.4
EEMO Invesco S&P Emerging Markets Momentum ETF 33.4 29 20 4.2 -4.1
ISEM Invesco Strategic Emerging Markets ETF 33.1 35 14 10.3 +2.0
NUEM Nuveen ESG Emerging Markets Equity ETF 32.5 45 4 6.4 -2.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 32.2 44 5 8.6 +0.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 32.0 95 -46 8.3 -0.0
KALL KraneShares FTSE Emerging Markets Plus ETF 31.3 49 0 7.8 -0.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 30.8 25 24 7.7 -0.6
ROAM Hartford Multifactor Emerging Markets ETF 29.5 44 5 12.6 +4.2
AIA iShares Asia 50 ETF 29.3 50 -1 7.4 -0.9
CN Xtrackers MSCI All China Equity ETF 29.1 50 -1 7.8 -0.5
CHIL Global X MSCI China Large-Cap 50 ETF 27.8 29 20 7.9 -0.4
EMMF WisdomTree Emerging Markets Multifactor Fund 26.8 48 1 9.5 +1.2
VSGX Vanguard ESG International Stock ETF 26.5 17 32 6.7 -1.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.9 16 33 6.4 -2.0
XCEM Columbia EM Core ex-China ETF 25.2 16 33 6.6 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 24.5 40 9 6.5 -1.8
RNEM Emerging Markets Equity Select ETF 22.7 75 -26 10.7 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 22.3 32 17 6.8 -1.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 21.9 45 4 8.8 +0.5
IXUS ishares Core MSCI Total International Stock ETF 21.4 9 40 6.9 -1.5
VYMI Vanguard International High Dividend Yield ETF 21.4 27 22 9.4 +1.1
BICK First Trust BICK Index Fund 21.1 64 -15 4.4 -3.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 20.0 45 4 13.7 +5.4
ECON Columbia Emerging Markets Consumer ETF 20.0 59 -10 5.4 -2.9
VEU Vanguard FTSE All-World ex-US Index Fund 19.9 8 41 7.0 -1.3
FXI iShares China Large-Cap ETF 19.4 74 -25 13.3 +4.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 18.8 32 17 6.4 -1.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.1 29 20 9.7 +1.4
VXUS Vanguard Total International Stock Index Fund 17.7 8 41 7.1 -1.3
CWI SPDR MSCI ACWI ex-US ETF 17.4 30 19 6.7 -1.6
DEM WisdomTree Emerging Markets High Dividend Fund 16.3 63 -14 13.3 +5.0
FRDM Freedom 100 Emerging Markets ETF 15.9 49 0 5.9 -2.4
KESG KraneShares MSCI China ESG Leaders Index ETF 15.5 59 -10 10.2 +1.9
PIE Invesco DWA Emerging Markets Momentum ETF 15.4 90 -41 4.9 -3.4
EWEB Global X Emerging Markets Internet & E-commerce ETF 15.1 65 -16 3.2 -5.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.7 20 29 9.9 +1.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 14.6 86 -37 2.8 -5.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.5 58 -9 5.5 -2.8
FDNI First Trust Dow Jones International Internet ETF 14.2 65 -16 2.5 -5.8
EWY iShares MSCI South Korea ETF 14.1 59 -10 7.5 -0.8
FLKR Franklin FTSE South Korea ETF 14.1 9 40 7.9 -0.4
FLTW Franklin FTSE Taiwan ETF 13.8 19 30 5.9 -2.4
EWT iShares MSCI Taiwan ETF 13.8 59 -10 5.7 -2.6
VIGI Vanguard International Dividend Appreciation ETF 13.6 20 29 5.3 -3.1
KWEB KraneShares CSI China Internet ETF 13.1 76 -27 3.1 -5.2
FEM First Trust Emerging Markets AlphaDEX Fund 12.3 80 -31 12.3 +4.0
TTTN UP Fintech China-U.S. Internet Titans ETF 11.9 59 -10 4.8 -3.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.9 61 -12 8.4 +0.1
OGIG O'Shares Global Internet Giants ETF 11.9 48 1 0.7 -7.6
AIQ Global X Future Analytics Tech ETF 11.5 68 -19 3.8 -4.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 11.2 60 -11 4.8 -3.5
CHIQ Global X China Consumer ETF 10.6 65 -16 6.1 -2.2
FLIN Franklin FTSE India ETF 10.5 19 30 5.2 -3.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 10.4 20 29 5.6 -2.7
INDA iShares MSCI India ETF 10.3 69 -20 4.9 -3.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 10.1 80 -31 7.1 -1.2
INDY iShares India 50 ETF 10.1 93 -44 4.8 -3.5
EMFM Global X MSCI Next Emerging & Frontier ETF 10.1 66 -17 8.2 -0.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.1 60 -11 4.7 -3.6
FNI First Trust Chindia ETF 10.0 60 -11 3.2 -5.1
EPI WisdomTree India Earnings Fund 10.0 84 -35 7.6 -0.7

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%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
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

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VALUATION METRICS
  2019 2020E 2021E
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 ETF
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 12.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 CATEGORY
AVERAGE
1.40
 
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.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.