John Hancock Multifactor Consumer Discretionary
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
20.6x P/Sales
ratio
1.5x
P/BV
ratio
5.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Consumer Discretionary ETF tracks an index of US consumer discretionary stocks, weighted for exposure to 4 factors: small size, low relative price, high profitability and high momentum.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Sep 28, 2015
Assets (mns) $41
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 112
Wgt avg mkt cap (mns) $98,806
Large cap (>$10bn) 80.7%
Mid cap ($2-10bn) 19.2%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 5.7 %
HOME DEPOT INC 4.5 %
MCDONALD'S CORP 2.8 %
NIKE INC -CL B 2.7 %
BOOKING HOLDINGS INC. 2.6 %
TARGET CORP 2.6 %
TJX COMPANIES INC 2.4 %
O'REILLY AUTOMOTIVE INC 2.3 %
LOWE'S COS INC 2.3 %
ROSS STORES INC 2.3 %
Total 30.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
IRELAND 1.1 %
SWITZERLAND 0.9 %
BRITAIN 0.4 %
BERMUDA 0.3 %






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.
24.8% 13.0% -- -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.04 87%
MSCI EAFE 0.97 63%
MSCI Emg. Mkts. 0.68 49%

Technical Indicators
Recent close $34.55
30d moving avg. $34.43
Annualized volatility 13.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $28,552

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHMC Expense: 40 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMC
Ticker Fund
Name
Overlap1
vs JHMC
(%)
Expense
ratio
(bp)
Savings
vs JHMC
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMC
(%)
FDIS Fidelity MSCI Consumer Discrettionary 60.3 8 32 5.4 -0.5
VCR Vanguard Consumer Discretionary 60.3 10 30 5.5 -0.5
XLY Consumer Discretionary Select Sector SPDR 59.6 13 27 5.7 -0.2
RCD Invesco S&P Equal Weight Consumer Discretionary 58.4 40 0 8.4 +2.5
IEDI iShares Evolved U.S. Discretionary Spending 53.8 18 22 5.0 -0.9
IYC iShares DJ US Consumer Services 46.7 42 -2 5.1 -0.8
RXI iShares S&P Global Consumer Discretionary 45.4 46 -6 6.8 +0.8
FXD First Trust Consumer Discretionary 38.3 64 -24 8.0 +2.0
FTXD First Trust Nasdaq Retail 31.3 60 -20 6.5 +0.6
RTH VanEck Vectors Retail 29.9 35 5 5.9 -0.1
MILN Global X Millennials Thematic 26.9 50 -10 2.9 -3.0
XRT SPDR S&P Retail 25.8 35 5 8.9 +2.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 22.7 60 -20 7.4 +1.5
QQXT First Trust NASDAQ-100 Ex-Tech 18.9 60 -20 5.9 -0.1
PMR Invesco Dynamic Retail 18.8 63 -23 7.2 +1.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity 18.3 30 10 6.8 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.3 75 -35 4.7 -1.2
PEZ Invesco DWA Consumer Discretionary Momentum 18.0 60 -20 4.9 -1.1
IYK iShares US Consumer Goods 17.6 42 -2 6.3 +0.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 17.5 75 -35 3.9 -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%.

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 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 Consumer Discretionary
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 26.2 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.56
 
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.