John Hancock Multifactor Materials
ALTAR
Score™
7.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.4x P/Sales
ratio
1.4x
P/BV
ratio
2.3x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Materials ETF tracks an index of large- and midcap US equities from the materials sector. The index selects stocks by market caps and weights them by multiple factors: size, value, profitability and momentum.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Mar 28, 2016
Assets (mns) $22
Currency USD
Expense ratio 40 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $23,607
Large cap (>$10bn) 70.0%
Mid cap ($2-10bn) 30.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PRAXAIR INC 5.5 %
LYONDELLBASELL INDU-CL A 5.3 %
PPG INDUSTRIES INC 5.0 %
DOW, INC. 4.2 %
NUCOR CORP 4.1 %
INTERNATIONAL PAPER CO 3.9 %
AIR PRODUCTS & CHEMICALS INC 3.8 %
SHERWIN-WILLIAMS CO/THE 3.7 %
ECOLAB INC 3.2 %
FREEPORT-MCMORAN COPPER 3.1 %
Total 41.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.4 %
BRITAIN 13.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.8% 9.2% -- -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.14 74%
MSCI EAFE 1.07 55%
MSCI Emg. Mkts. 0.76 46%

Technical Indicators
Recent close $34.28
30d moving avg. $33.05
Annualized volatility 16.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $4,310

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHMA Expense: 40 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMA
Ticker Fund
Name
Overlap1
vs JHMA
(%)
Expense
ratio
(bp)
Savings
vs JHMA
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMA
(%)
RTM Invesco S&P Equal Weight Materials 69.0 40 0 8.5 +0.9
FMAT Fidelity MSCI Materials 68.7 8 32 8.6 +1.1
VAW Vanguard Materials 68.0 10 30 8.6 +1.1
XLB Materials Select Sector SPDR 67.5 13 27 9.3 +1.7
IYM iShares DJ US Basic Material 57.9 42 -2 8.6 +1.1
FXZ First Trust Materials Alphadex 49.5 64 -24 8.1 +0.5
XLSY Cushing Energy Supply Chain & MLP 36.7 65 -25 5.6 -2.0
PYZ Invesco Dynamic Basic Materials Sector 36.1 60 -20 5.9 -1.6
MXI iShares S&P Global Materials 34.4 46 -6 6.9 -0.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 24.1 60 -20 6.7 -0.9
CUT Invesco Timber 15.2 55 -15 7.2 -0.4
PAVE Global X U.S. Infrastructure Development 15.1 47 -7 5.8 -1.8
EQRR ProShares Equities for Rising Rates 14.7 35 5 8.1 +0.6
XME SPDR Metals & Mining ETF 14.7 35 5 2.7 -4.9
TPHD Timothy Plan High Dividend Stock 13.8 52 -12 6.7 -0.8
IGE iShares North American Natural Resources 12.7 46 -6 4.1 -3.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 12.5 39 1 10.0 +2.4
FTAG First Trust Indxx Global Agriculture 12.1 70 -30 8.4 +0.8
YLDE ClearBridge Dividend Strategy ESG 11.0 60 -20 4.7 -2.9
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income 10.7 75 -35 5.4 -2.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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

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 Materials
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.9 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.55
 
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.