John Hancock Multifactor Developed International
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.2x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
3.5%


  • 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) $520
Currency USD
Expense ratio 45 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 733
Wgt avg mkt cap (mns) $52,391
Large cap (>$10bn) 81.5%
Mid cap ($2-10bn) 17.9%
Small cap (<$2bn) 0.4%
Developed mkts 99.8%
Emerging mkts 0.3%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 1.6 %
NESTLE SA-REG 1.4 %
BP PLC 1.4 %
ROYAL DUTCH SHELL PLC-B SHS 1.1 %
ROCHE HOLDING AG-GENUSSCHEIN 0.9 %
NOVARTIS AG-REG 0.9 %
ORANGE SA 0.9 %
DEUTSCHE ANNINGTON IMMOBILIE 0.9 %
TOTAL SA 0.8 %
HSBC HOLDINGS PLC 0.7 %
Total 10.6 %

TOP COUNTRY EXPOSURE
JAPAN 25.5 %
BRITAIN 16.1 %
FRANCE 10.2 %
SWITZERLAND 9.4 %
GERMANY 8.8 %
AUSTRALIA 6.8 %
NETHERLANDS 3.5 %
HONG KONG 3.4 %
SPAIN 2.8 %
SWEDEN 2.6 %

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.
15.2% 9.5% -- -- 7.6%

Market Correlations
versus... Beta R-squared
S&P500 0.76 68%
MSCI EAFE 0.99 97%
MSCI Emg. Mkts. 0.71 81%

Technical Indicators
Recent close $29.07
30d moving avg. $28.50
Annualized volatility 11.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.1%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $43,169

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the John Hancock Multifactor Developed International 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: 45 bp ALTAR Score™: 7.3%


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
(%)
EFA iShares MSCI EAFE 70.4 31 14 7.0 -0.3
DBEF Xtrackers MSCI EAFE Hedged 69.5 35 10 6.9 -0.4
HFXI IQ 50 Percent Hedged FTSE Int'l 69.0 20 25 7.3 0.0
PBDM Invesco PureBeta FTSE Developed ex-North America 67.8 7 38 7.6 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free 66.7 20 25 7.2 -0.1
IEFA iShares Core MSCI EAFE 66.2 7 38 7.1 -0.2
SCHF Schwab International Equity 64.9 6 39 7.4 +0.2
IDEV iShares Core MSCI Int'l Developed Markets 62.2 5 40 7.2 -0.1
SPDW SPDR Portfolio World ex-US 61.7 4 41 7.2 -0.1
ESGD iShares MSCI EAFE ESG Optimized 61.0 20 25 6.9 -0.4
PXF Invesco FTSE-RAFI Developed ex-US 60.1 45 0 8.2 +0.9
FNDF Schwab Fundamental Intl Large Cap 60.0 25 20 7.5 +0.3
VEA Vanguard Europe Pacific 59.8 5 40 7.4 +0.1
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 58.8 35 10 7.9 +0.6
DWM WisdomTree DEFA Fund 58.7 48 -3 7.7 +0.4
QEFA SPDR MSCI EAFE Quality Mix 56.7 30 15 6.6 -0.6
GSIE Goldman Sachs ActiveBeta Int'l Equity 55.8 25 20 6.7 -0.6
REFA Invesco International Revenue ETF 55.7 42 3 8.8 +1.6
ACWX iShares MSCI ACWI ex-US 55.0 31 14 7.5 +0.2
DBAW Xtrackers MSCI All World ex-US Hedged 54.7 40 5 7.3 +0.1

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 Developed International
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 10.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.63
 
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.