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)	$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
Total	30.2 %
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 %

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%.

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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	4.1	x
Less: Expense ratio	40	bp
Equals: ALTAR Score	5.9	%

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.