John Hancock Multifactor Emerging Markets ETF
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.4x P/Sales
ratio
1.2x
P/BV
ratio
1.3x Div.
yield
2.7%


  • 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) $710
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 602
Wgt avg mkt cap (mns) $106,646
Large cap (>$10bn) 72.8%
Mid cap ($2-10bn) 25.7%
Small cap (<$2bn) 0.5%
Developed mkts 8.1%
Emerging mkts 91.9%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 5.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 4.1 %
TAIWAN SEMICONDUCTOR MANUFAC 4.1 %
SAMSUNG ELECTRONICS CO LTD 3.8 %
CHINA CONSTRUCTION BANK-H 1.6 %
RELIANCE INDUSTRIES LTD 1.5 %
PING AN INSURANCE GROUP CO-H 1.5 %
NETEASE.COM INC-ADR 1.3 %
CHINA MOBILE LIMITED 1.2 %
VALE SA 1.0 %
Total 25.4 %

TOP COUNTRY EXPOSURE
CHINA 28.1 %
TAIWAN 14.8 %
SOUTH KOREA 12.6 %
INDIA 11.6 %
HONG KONG 6.2 %
BRAZIL 6.0 %
SOUTH AFRICA 4.6 %
RUSSIA 2.8 %
MALAYSIA 2.4 %
THAILAND 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.2% -9.1% -- -- 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.85 67%
MSCI EAFE 1.03 81%
MSCI Emg. Mkts. 0.90 94%

Technical Indicators
Recent close $24.23
30d moving avg. $23.34
Annualized volatility 21.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 102
Turnover 0.4%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $41,357

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™: 8.4%


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
(%)
EEMA iShares MSCI Emerging Markets Asia ETF 68.5 50 -1 7.4 -0.9
EEM iShares MSCI Emerging Markets ETF 67.1 68 -19 7.4 -1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 65.8 30 19 7.8 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 65.3 36 13 8.2 -0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 65.0 65 -16 7.4 -0.9
IEMG iShares Core MSCI Emerging Markets ETF 62.4 13 36 7.9 -0.5
BKEM BNY Mellon Emerging Markets Equity ETF 62.3 11 38 8.4 -0.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 61.3 68 -19 7.0 -1.3
FLAX Franklin FTSE Asia Ex Japan ETF 60.6 19 30 7.7 -0.7
SCHE Schwab Emerging Markets Equity ETF 60.1 11 38 7.8 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 59.8 45 4 7.9 -0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 57.9 32 17 6.1 -2.3
VWO Vanguard FTSE Emerging Markets ETF 53.9 10 39 8.0 -0.4
SPEM SPDR Portfolio Emerging Markets ETF 53.5 11 38 7.8 -0.6
ESGE iShares ESG MSCI EM ETF 53.5 25 24 8.6 +0.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 53.1 15 34 8.6 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 50.6 50 -1 13.0 +4.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 49.0 20 29 6.8 -1.6
GMF SPDR S&P Emerging Asia Pacific ETF 48.5 49 0 7.2 -1.2
BKF iShares MSCI BRIC ETF 47.4 69 -20 7.3 -1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 46.7 30 19 8.7 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 46.3 49 0 7.9 -0.4
DVEM WisdomTree Emerging Markets Dividend Fund 46.0 32 17 8.1 -0.3
EMXC iShares MSCI Emerging Markets ex China ETF 45.2 25 24 8.3 -0.1
AVEM Avantis Emerging Markets Equity ETF 44.4 33 16 8.9 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 43.8 49 0 8.6 +0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 43.1 39 10 12.7 +4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 42.6 59 -10 11.0 +2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 39.5 32 17 8.9 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 35.8 95 -46 9.1 +0.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 34.0 44 5 8.9 +0.5
MCHI iShares MSCI China ETF 34.0 59 -10 7.5 -0.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 33.9 50 -1 10.3 +1.9
GXC SPDR S&P China ETF 33.3 59 -10 7.7 -0.7
ISEM Invesco Strategic Emerging Markets ETF 33.3 35 14 10.2 +1.8
FLCH Franklin FTSE China ETF 32.6 19 30 7.9 -0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 32.5 40 9 7.2 -1.2
KALL KraneShares FTSE Emerging Markets Plus ETF 31.6 49 0 7.8 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 31.4 45 4 7.2 -1.2
ROAM Hartford Multifactor Emerging Markets ETF 31.4 44 5 14.6 +6.2
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 31.2 64 -15 4.6 -3.8
CN Xtrackers MSCI All China Equity ETF 30.8 50 -1 7.6 -0.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 30.7 45 4 9.6 +1.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 29.4 25 24 7.7 -0.7
RNEM Emerging Markets Equity Select ETF 29.3 75 -26 10.4 +2.1
AIA iShares Asia 50 ETF 27.9 50 -1 8.0 -0.3
EMMF WisdomTree Emerging Markets Multifactor Fund 27.7 48 1 9.4 +1.0
CHIL Global X MSCI China Large-Cap 50 ETF 26.1 29 20 7.9 -0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 25.4 29 20 6.5 -1.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.2 16 33 6.8 -1.5
XCEM Columbia EM Core ex-China ETF 25.0 16 33 7.3 -1.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 23.0 45 4 9.0 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 21.9 40 9 7.0 -1.3
ECON Columbia Emerging Markets Consumer ETF 21.8 59 -10 4.5 -3.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.6 32 17 5.9 -2.5
VSGX Vanguard ESG International Stock ETF 20.5 17 32 7.2 -1.2
DEM WisdomTree Emerging Markets High Dividend Fund 20.4 63 -14 13.9 +5.6
ACWX iShares MSCI ACWI ex U.S. ETF 20.3 32 17 7.2 -1.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 20.2 45 4 13.4 +5.0
BICK First Trust BICK Index Fund 20.1 64 -15 4.7 -3.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 20.0 29 20 9.8 +1.4
IXUS ishares Core MSCI Total International Stock ETF 19.7 9 40 7.3 -1.0
FXI iShares China Large-Cap ETF 19.4 74 -25 12.3 +3.9
VEU Vanguard FTSE All-World ex-US Index Fund 18.8 8 41 7.5 -0.8
VXUS Vanguard Total International Stock Index Fund 18.6 8 41 7.5 -0.8
CWI SPDR MSCI ACWI ex-US ETF 17.4 30 19 7.1 -1.3
VYMI Vanguard International High Dividend Yield ETF 17.2 32 17 10.1 +1.7
PIE Invesco DWA Emerging Markets Momentum ETF 16.0 90 -41 5.2 -3.2
VIGI Vanguard International Dividend Appreciation ETF 15.9 25 24 5.5 -2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 15.3 86 -37 2.1 -6.2
FDNI First Trust Dow Jones International Internet ETF 14.9 65 -16 2.2 -6.2
FRDM Freedom 100 Emerging Markets ETF 14.9 49 0 6.9 -1.5
EWT iShares MSCI Taiwan ETF 14.6 59 -10 5.8 -2.6
FLTW Franklin FTSE Taiwan ETF 14.5 19 30 6.2 -2.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.5 20 29 10.9 +2.6
KWEB KraneShares CSI China Internet ETF 13.6 76 -27 1.7 -6.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 13.4 60 -11 8.4 +0.0
TTTN UP Fintech China-U.S. Internet Titans ETF 12.7 59 -10 4.1 -4.3
FLKR Franklin FTSE South Korea ETF 12.3 9 40 9.6 +1.2
EWY iShares MSCI South Korea ETF 12.3 59 -10 9.1 +0.7
EDIV SPDR S&P Emerging Markets Dividend ETF 11.9 49 0 11.0 +2.6
OGIG O'Shares Global Internet Giants ETF 11.9 48 1 0.7 -7.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.2 58 -9 7.7 -0.6
FLIN Franklin FTSE India ETF 11.0 19 30 5.7 -2.7
JOYY Infusive Compounding Global Equities ETF 10.8 50 -1 3.7 -4.7
EPI WisdomTree India Earnings Fund 10.8 85 -36 8.8 +0.5
INDA iShares MSCI India ETF 10.8 69 -20 5.3 -3.1
FEM First Trust Emerging Markets AlphaDEX Fund 10.6 80 -31 10.9 +2.6
AIQ Global X Future Analytics Tech ETF 10.2 68 -19 3.8 -4.5
GBUY Goldman Sachs Motif New Age Consumer ETF 10.1 50 -1 1.9 -6.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.1 80 -31 3.8 -4.6
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.9 80 -31 7.9 -0.5
INDY iShares India 50 ETF 9.9 94 -45 5.7 -2.7
DEW WisdomTree Global High Dividend Fund 9.7 58 -9 9.3 +0.9
PIN Invesco India ETF 9.6 78 -29 5.7 -2.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 9.6 20 29 6.0 -2.3
IGRO iShares International Dividend Growth ETF 9.6 22 27 8.0 -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%.

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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 11.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.45
 
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.