John Hancock Multifactor Financials ETF
ALTAR
Score™
8.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.7x P/Sales
ratio
2.0x
P/BV
ratio
1.2x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Financials ETF tracks an index of US financial 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) $27
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 152
Wgt avg mkt cap (mns) $96,827
Large cap (>$10bn) 78.0%
Mid cap ($2-10bn) 21.7%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VISA INC-CLASS A SHARES 4.9 %
MASTERCARD INC-CLASS A 4.6 %
BERKSHIRE HATHAWAY INC-CL B 3.8 %
JPMORGAN CHASE & CO 3.6 %
BANK OF AMERICA CORP 3.0 %
PAYPAL HOLDINGS INC 2.6 %
WELLS FARGO & CO 2.2 %
CITIGROUP INC 2.1 %
T ROWE PRICE GROUP INC 1.5 %
MARSH & MCLENNAN COS 1.5 %
Total 29.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.3 %
BRITAIN 2.5 %
BERMUDA 2.3 %
SWITZERLAND 0.7 %
PUERTO RICO 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.7% -15.8% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.21 86%
MSCI EAFE 1.25 80%
MSCI Emg. Mkts. 0.91 66%

Technical Indicators
Recent close $31.03
30d moving avg. $30.22
Annualized volatility 21.9%
Short interest (ETF) 1.1%
Short interest (Underlying) 2.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.6%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $31,154

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the John Hancock Multifactor Financials ETF ETF based on the alternatives' overlap in portfolio holdings with JHMF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHMF Expense: 40 bp ALTAR Score™: 8.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMF
Ticker Fund
Name
Overlap1
vs JHMF
(%)
Expense
ratio
(bp)
Savings
vs JHMF
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMF
(%)
IEFN iShares Evolved U.S. Financials ETF 65.0 18 22 10.0 +1.6
VFH Vanguard Financials Index Fund 64.1 10 30 9.6 +1.2
FNCL Fidelity MSCI Financials Index ETF 63.6 8 32 9.6 +1.2
IYF iShares U.S. Financials ETF 62.0 42 -2 7.7 -0.7
XLF Financial Select Sector SPDR Fund 56.3 13 27 9.0 +0.6
RYF Invesco S&P 500 Equal Weight Financials ETF 55.4 40 0 10.8 +2.4
IYG iShares US Financial Services ETF 54.7 42 -2 7.4 -1.0
IXG iShares Global Financials ETF 42.3 46 -6 11.2 +2.8
FXO First Trust Financials AlphaDEX Fund 38.2 63 -23 13.5 +5.1
GFIN Goldman Sachs Motif Finance Reimagined ETF 27.8 50 -10 6.0 -2.4
DFNL Davis Select Financial ETF 24.3 64 -24 9.3 +0.9
KCE SPDR S&P Capital Markets ETF 23.9 35 5 8.6 +0.2
KBWB Invesco KBW Bank ETF 23.9 35 5 11.0 +2.6
PKW Invesco Buyback Achievers ETF 23.4 62 -22 7.5 -0.9
RPV Invesco S&P 500 Pure Value ETF 23.0 35 5 12.5 +4.1
SPVU Invesco S&P 500 Enhanced Value ETF 22.9 13 27 12.0 +3.6
SPVM Invesco S&P 500 Value with Momentum ETF 22.6 39 1 10.3 +1.9
VEGN US Vegan Climate ETF 22.6 60 -20 5.5 -2.9
KBE SPDR S&P Bank ETF 22.5 35 5 12.2 +3.8
FTXO First Trust Nasdaq Bank ETF 22.4 60 -20 10.7 +2.3
KIE SPDR S&P Insurance ETF 22.3 35 5 10.3 +1.9
IWX iShares Russell Top 200 Value ETF 22.0 20 20 7.4 -1.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 22.0 49 -9 11.3 +2.9
SPHB Invesco S&P 500 High Beta ETF 21.9 25 15 11.5 +3.1
FTA First Trust Large Cap Value AlphaDEX Fund 21.9 60 -20 10.4 +2.0
SPYB SPDR S&P 500 Buyback ETF 21.5 35 5 10.2 +1.8
VLU SPDR S&P 1500 Value Tilt ETF 20.4 12 28 8.0 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 20.2 25 15 6.9 -1.5
RAFE PIMCO RAFI ESG U.S. ETF 20.2 29 11 8.3 -0.1
IWD iShares Russell 1000 Value ETF 20.2 19 21 7.6 -0.8
VONV Vanguard Russell 1000 Value Index Fund 20.0 8 32 7.7 -0.7
PWV Invesco Dynamic Large Cap Value ETF 19.8 55 -15 8.9 +0.5
TPAY Tortoise Digital Payments Infrastructure Fund 19.7 40 0 6.1 -2.3
PFI Invesco DWA Financial Momentum ETF 19.6 60 -20 3.7 -4.7
IPAY ETFMG Prime Mobile Payments ETF 19.6 75 -35 6.9 -1.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 19.5 15 25 7.2 -1.2
CLRG IQ Chaikin U.S. Large Cap ETF 19.5 25 15 6.5 -1.9
SPYV SPDR Portfolio S&P 500 Value ETF 19.1 4 36 7.8 -0.6
IVE iShares S&P 500 Value ETF 19.1 18 22 7.7 -0.7
RDVY First Trust Rising Dividend Achievers ETF 19.1 50 -10 8.5 +0.1
VOOV Vanguard S&P 500 Value ETF 18.9 15 25 7.7 -0.7
IUSV iShares Core S&P U.S. Value ETF 18.9 4 36 7.9 -0.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 18.9 49 -9 5.9 -2.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 18.8 29 11 4.5 -3.9
PY Principal Shareholder Yield Index ETF 18.7 29 11 10.3 +1.9
VTV Vanguard Value Index Fund 18.6 4 36 7.8 -0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.6 35 5 6.3 -2.1
LGLV SPDR Russell 1000 Low Volatility ETF 18.5 12 28 6.0 -2.4
DGRO iShares Core Dividend Growth ETF 18.5 8 32 6.9 -1.5
MGV Vanguard Mega Cap Value ETF 18.5 7 33 7.6 -0.8
USDY Pacific Global US Equity Income ETF 18.2 29 11 8.5 +0.1
QLV FlexShares US Quality Low Volatility Index Fund 17.8 22 18 5.4 -3.0
EPS WisdomTree U.S. Earnings 500 Fund 17.6 8 32 6.9 -1.5
USMV iShares Edge MSCI Min Vol USA ETF 17.6 15 25 6.0 -2.4
FEX First Trust Large Cap Core AlphaDEX Fund 17.4 60 -20 6.7 -1.7
IAK iShares U.S. Insurance ETF 17.3 43 -3 10.7 +2.3
PSET Principal Price Setters Index ETF 17.3 29 11 4.9 -3.5
EQWL Invesco Russell Top 200 Equal Weight ETF 17.2 25 15 6.4 -2.0
SPHQ Invesco S&P 500 Quality ETF 17.1 15 25 5.3 -3.1
VFVA Vanguard U.S. Value Factor ETF 17.0 13 27 12.8 +4.4
SPXV ProShares S&P 500 Ex-Health Care ETF 16.8 27 13 5.4 -3.0
QUAL iShares MSCI Usa Quality Factor ETF 16.7 15 25 5.7 -2.7
ETHO Etho Climate Leadership U.S. ETF 16.6 47 -7 4.8 -3.6
SPMO Invesco S&P 500 Momentum ETF 16.6 13 27 4.6 -3.8
REVS Columbia Research Enhanced Value ETF 16.6 19 21 8.1 -0.3
JKF iShares Morningstar Large Cap Value ETF 16.6 25 15 8.1 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 16.4 15 25 6.1 -2.3
GVIP Goldman Sachs Hedge Industry VIP ETF 16.1 45 -5 4.7 -3.7
FAB First Trust Multi Cap Value AlphaDEX Fund 16.0 71 -31 10.9 +2.5
DUSA Davis Select U.S. Equity ETF 16.0 63 -23 6.3 -2.1
PRF Invesco FTSE RAFI US 1000 ETF 16.0 39 1 7.4 -1.0
SFY SoFi Select 500 ETF 16.0 0 40 5.6 -2.8
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 15.9 75 -35 5.6 -2.8
AUSF Global X Adaptive U.S. Factor ETF 15.7 27 13 8.9 +0.5
VOE Vanguard Mid-Cap Value Index Fund 15.7 7 33 8.6 +0.2
SCHV Schwab U.S. Large-Cap Value ETF 15.6 4 36 7.6 -0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 15.5 9 31 6.4 -2.0
JKI iShares Morningstar Mid-Cap Value ETF 15.5 30 10 10.6 +2.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.4 29 11 7.2 -1.2
FDLO Fidelity Low Volatility Factor ETF 15.4 29 11 5.5 -2.9
LSAF LeaderShares AlphaFactor US Core Equity ETF 15.4 75 -35 7.9 -0.5
EXT WisdomTree U.S. Total Earnings Fund 15.2 28 12 6.1 -2.3
PBP Invesco S&P 500 BuyWrite ETF 15.1 49 -9 5.3 -3.1
RSP Invesco S&P 500 Equal Weight ETF 15.0 20 20 7.5 -0.9
BLCN Reality Shares Nasdaq NextGen Economy ETF 15.0 68 -28 4.8 -3.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.9 30 10 7.1 -1.3
JMOM JPMorgan U.S. Momentum Factor ETF 14.9 12 28 4.1 -4.3
SLT Salt TruBeta High Exposure ETF 14.9 29 11 7.7 -0.7
XLK Technology Select Sector SPDR Fund 14.9 13 27 5.1 -3.3
VFLQ Vanguard U.S. Liquidity Factor ETF 14.8 13 27 3.9 -4.5
QLC FlexShares US Quality Large Cap Index Fund 14.8 32 8 5.9 -2.5
IWS iShares Russell Mid-Cap Value ETF 14.8 24 16 7.9 -0.5
HSPX Global X S&P 500 Covered Call ETF 14.8 65 -25 5.2 -3.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 14.8 10 30 5.7 -2.7
SUSL iShares ESG MSCI USA Leaders ETF 14.7 10 30 5.7 -2.7
AVUS Avantis U.S. Equity ETF 14.7 15 25 6.3 -2.1
SPXE ProShares S&P 500 Ex-Energy ETF 14.7 27 13 5.7 -2.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.7 20 20 5.8 -2.6
JHML John Hancock Multifactor Large Cap ETF 14.7 34 6 5.9 -2.5
TTAC TrimTabs Float Shrink ETF 14.6 59 -19 3.7 -4.7

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

  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

Content on this tab for subscribers only

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 Financials ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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