ETF Research Center

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)	$102,899
Large cap (>$10bn)	81.0%
Mid cap ($2-10bn)	18.8%
Small cap (<$2bn)	0.2%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	29.9 %
AMAZON.COM INC	5.7 %
HOME DEPOT INC	4.5 %
MCDONALD'S CORP	2.9 %
NIKE INC -CL B	2.8 %
BOOKING HOLDINGS INC.	2.7 %
TJX COMPANIES INC	2.3 %
ROSS STORES INC	2.3 %
BEST BUY CO INC	2.2 %
LOWE'S COS INC	2.2 %
TARGET CORP	2.2 %

TOP COUNTRY EXPOSURE
	UNITED STATES	97.4 %
	IRELAND	1.1 %
	SWITZERLAND	0.9 %
	BRITAIN	0.3 %
	BERMUDA	0.3 %

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.
29.1%	29.1%	--	--	10.6%

Market Correlations
versus...	Beta	R-squared
S&P500	1.05	88%
MSCI EAFE	1.01	67%
MSCI Emg. Mkts.	0.66	49%

Technical Indicators
Recent close	$36.33
30d moving avg.	$35.83
Annualized volatility	13.6%
Short interest (ETF)	0.0%
Relative strength (RSI)	68

Liquidity measures
Avg. volume (thou.)	1
Turnover	0.1%
Bid/Ask (% of price)	0.15%
ADV underlying (mns)	$28,907

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™:

5.6%

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	60.4	8	32	5.1	-0.5
VCR	Vanguard Consumer Discretionary	60.4	10	30	5.1	-0.5
XLY	Consumer Discretionary Select Sector SPDR	58.8	13	27	5.3	-0.3
RCD	Invesco S&P Equal Weight Consumer Discretionary	58.5	40	0	8.2	+2.6
IEDI	iShares Evolved U.S. Discretionary Spending	54.4	18	22	4.8	-0.8
IYC	iShares DJ US Consumer Services	46.8	42	-2	4.8	-0.8
RXI	iShares S&P Global Consumer Discretionary	45.0	46	-6	6.4	+0.8
FXD	First Trust Consumer Discretionary	36.8	64	-24	7.7	+2.1
FTXD	First Trust Nasdaq Retail	29.3	60	-20	6.7	+1.1
RTH	VanEck Vectors Retail	29.0	35	5	5.5	-0.1
MILN	Global X Millennials Thematic	27.2	50	-10	2.7	-2.9
XRT	SPDR S&P Retail	24.7	35	5	8.5	+2.9
PEZ	Invesco DWA Consumer Discretionary Momentum	24.6	60	-20	4.2	-1.4
SZNE	Pacer CFRA-Stovall Equal Weight Seasonal Rotation	22.7	60	-20	7.1	+1.5
AMOM	Qraft AI-Enhanced U.S. Large Cap Momentum	20.8	75	-35	3.5	-2.1
QQXT	First Trust NASDAQ-100 Ex-Tech	20.1	60	-20	4.8	-0.8
PMR	Invesco Dynamic Retail	19.1	63	-23	5.4	-0.2
FLQM	Franklin LibertyQ U.S. Mid Cap Equity	18.5	30	10	6.4	+0.8
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	18.3	75	-35	4.1	-1.5
IYK	iShares US Consumer Goods	18.3	42	-2	5.9	+0.3

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	**	**	**	**	**	**	**
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

	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	4.4	x
Less: Expense ratio	40	bp
Equals: ALTAR Score	5.6	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.52	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.