John Hancock Multifactor Developed International ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 19.8x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Developed International ETF tracks an index of developed ex-North America stocks covering 85% of market cap and weighted by multiple factors.

FUND BASICS
Category International Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Dec 15, 2016
Assets (mns) $442
Currency USD
Expense ratio 39 bp
Distributions Semi-Annually

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 732
Wgt avg mkt cap (mns) $52,434
Large cap (>$10bn) 80.3%
Mid cap ($2-10bn) 19.2%
Small cap (<$2bn) 0.1%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NESTLE SA-REG 1.8 %
TOYOTA MOTOR CORP 1.4 %
ROCHE HOLDING AG-GENUSSCHEIN 1.0 %
NOVARTIS AG-REG 0.9 %
ORANGE SA 0.7 %
LONZA GROUP AG-REG 0.7 %
LVMH MOET HENNESSY LOUIS VUI 0.7 %
ASTRAZENECA PLC 0.7 %
MICHELIN (CGDE)-B 0.6 %
AIA GROUP LTD 0.6 %
Total 9.2 %

TOP COUNTRY EXPOSURE
JAPAN 25.9 %
BRITAIN 13.9 %
SWITZERLAND 10.0 %
FRANCE 9.7 %
GERMANY 9.3 %
AUSTRALIA 6.3 %
NETHERLANDS 4.2 %
SWEDEN 3.5 %
HONG KONG 3.2 %
DENMARK 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.4% -0.4% -- -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.81 83%
MSCI EAFE 0.97 98%
MSCI Emg. Mkts. 0.69 78%

Technical Indicators
Recent close $27.27
30d moving avg. $27.54
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.1%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $43,361

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the John Hancock Multifactor Developed International ETF ETF based on the alternatives' overlap in portfolio holdings with JHMD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHMD Expense: 39 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMD
Ticker Fund
Name		 Overlap1
vs JHMD
(%)		 Expense
ratio
(bp)		 Savings
vs JHMD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs JHMD
(%)
GSID Goldman Sachs MarketBeta International Equity ETF 71.3 20 19 7.4 +0.0
EFA iShares MSCI EAFE ETF 71.2 32 7 7.1 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 70.3 35 4 7.0 -0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 69.6 20 19 7.5 +0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 67.9 7 32 7.6 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 67.7 20 19 7.2 -0.3
IEFA iShares Core MSCI EAFE ETF 66.9 7 32 7.4 -0.0
SCHF Schwab International Equity ETF 65.4 6 33 7.3 -0.1
BKIE BNY Mellon International Equity ETF 64.9 4 35 7.5 +0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 62.9 20 19 7.0 -0.4
IDEV iShares Core MSCI International Developed Markets ETF 62.6 5 34 7.3 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 60.9 4 35 7.2 -0.2
VEA Vanguard FTSE Developed Markets ETF 60.5 5 34 7.5 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 58.9 30 9 6.9 -0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 58.2 45 -6 9.0 +1.6
IQSI IQ Candriam ESG International Equity ETF 57.9 15 24 7.5 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 56.4 25 14 6.7 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 56.2 25 14 8.8 +1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 55.2 35 4 8.8 +1.4
DWM WisdomTree International Equity Fund 54.6 48 -9 8.5 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 54.4 32 7 7.3 -0.1
CWI SPDR MSCI ACWI ex-US ETF 54.0 30 9 7.2 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 53.5 40 -1 7.1 -0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 53.2 35 4 6.9 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 52.6 39 0 6.6 -0.8
PDEV Principal International Multi-Factor Core Index ETF 52.5 25 14 8.0 +0.6
BBEU JPMorgan BetaBuilders Europe ETF 51.8 9 30 7.5 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 51.7 8 31 7.6 +0.2
FLEH Franklin FTSE Europe Hedged ETF 51.2 9 30 7.3 -0.1
FLEE Franklin FTSE Europe ETF 51.2 9 30 7.2 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 50.9 45 -6 6.9 -0.5
IEV iShares Europe ETF 50.2 59 -20 7.0 -0.4
IEUR iShares Core MSCI Europe ETF 50.2 9 30 7.4 +0.0
VGK Vanguard FTSE Europe ETF 49.8 8 31 7.6 +0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 49.7 30 9 7.3 -0.1
EFV iShares MSCI EAFE Value ETF 49.6 39 0 9.8 +2.4
FEU SPDR Portfolio Europe ETF 49.5 9 30 7.5 +0.1
IXUS ishares Core MSCI Total International Stock ETF 48.5 9 30 7.4 -0.0
IQIN IQ 500 International ETF 48.0 25 14 8.8 +1.4
VSGX Vanguard ESG International Stock ETF 47.6 17 22 7.1 -0.3
CIL VictoryShares International Volatility Weighted Index ETF 47.5 45 -6 7.0 -0.4
DOL WisdomTree International LargeCap Dividend Fund 47.5 48 -9 9.0 +1.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 47.3 45 -6 7.0 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 46.6 39 0 8.4 +1.0
ISDX Invesco Strategic Developed ex-US ETF 45.7 23 16 7.5 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 45.7 12 27 7.0 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 45.3 25 14 6.6 -0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 44.7 14 25 7.1 -0.4
VXUS Vanguard Total International Stock Index Fund 44.1 8 31 7.6 +0.2
IDY Pacific Global International Equity Income ETF 44.0 39 0 8.2 +0.8
EFG iShares MSCI EAFE Growth ETF 43.6 40 -1 4.6 -2.9
AVDE Avantis International Equity ETF 43.1 23 16 7.7 +0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 42.9 29 10 7.9 +0.5
RESD WisdomTree International ESG Fund 40.3 30 9 6.9 -0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 37.8 16 23 7.0 -0.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 36.9 24 15 7.0 -0.4
TPIF Timothy Plan International ETF 36.7 62 -23 6.4 -1.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 35.8 30 9 6.1 -1.3
RNDM Developed International Equity Select ETF 35.5 65 -26 6.3 -1.1
IPAC iShares Core MSCI Pacific ETF 34.7 9 30 7.2 -0.2
JPIN JPMorgan Diversified Return International Equity ETF 34.5 37 2 7.9 +0.5
VYMI Vanguard International High Dividend Yield ETF 34.1 27 12 10.2 +2.8
VPL Vanguard FTSE Pacific ETF 33.6 8 31 7.4 -0.0
SCID Global X Scientific Beta Europe ETF 33.4 39 0 0.0 -7.4
RBIN Nationwide Risk-Based International Equity ETF 33.2 42 -3 6.1 -1.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 32.3 30 9 4.5 -3.0
IVLU iShares Edge MSCI Intl Value Factor ETF 32.0 30 9 11.7 +4.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 30.9 20 19 5.4 -2.0
QINT American Century Quality Diversified International ETF 30.8 39 0 6.2 -1.2
EZU iShares MSCI Eurozone ETF 29.8 49 -10 6.8 -0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 29.6 45 -6 6.6 -0.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 29.5 42 -3 5.2 -2.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 29.4 45 -6 6.9 -0.5
EURZ Xtrackers Eurozone Equity ETF 28.9 9 30 7.2 -0.2
VGFO Virtus WMC Global Factor Opportunities ETF 28.9 49 -10 8.2 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 28.9 30 9 6.1 -1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 28.8 29 10 7.8 +0.4
URTH iShares MSCI World ETF 27.7 24 15 5.5 -1.9
FDEV Fidelity Targeted International Factor ETF 27.4 39 0 6.6 -0.8
DTH WisdomTree DEFA Equity Income Fund 27.2 58 -19 10.1 +2.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.7 35 4 8.7 +1.3
IDHQ Invesco S&P International Developed Quality ETF 26.4 29 10 5.1 -2.3
EWJ iShares MSCI Japan ETF 25.7 49 -10 7.0 -0.4
FLJP Franklin FTSE Japan ETF 25.6 9 30 7.4 +0.0
FLJH Franklin FTSE Japan Hedged ETF 25.6 9 30 7.3 -0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 25.6 45 -6 7.1 -0.3
IGRO iShares International Dividend Growth ETF 25.6 22 17 8.5 +1.1
BBJP JPMorgan BetaBuilders Japan ETF 25.6 19 20 7.3 -0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 25.5 48 -9 7.0 -0.4
QJPN SPDR MSCI Japan StrategicFactors ETF 25.2 14 25 7.5 +0.1
IDLV Invesco S&P International Developed Low Volatility ETF 25.1 25 14 6.6 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 25.1 40 -1 6.9 -0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.4 25 14 7.2 -0.2
ACWI iShares MSCI ACWI ETF 24.1 32 7 5.7 -1.7
JPXN iShares JPX-Nikkei 400 ETF 24.0 48 -9 7.1 -0.3
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 23.9 9 30 7.5 +0.1
FIVA Fidelity International Value Factor ETF 23.7 39 0 10.1 +2.7
DWMF WisdomTree International Multifactor Fund 23.6 38 1 6.3 -1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 23.5 32 7 6.1 -1.3

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

  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 Developed International 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 10.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.57
 
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.