John Hancock Multifactor Industrials ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
32.8x P/Sales
ratio
1.6x
P/BV
ratio
3.4x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Industrials ETF tracks an index of large- and midcap US equities from the industrials sector. The index selects stocks by market caps and weights them by multiple factors: size, value, profitability and momentum.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Mar 28, 2016
Assets (mns) $24
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) $35,923
Large cap (>$10bn) 76.9%
Mid cap ($2-10bn) 23.1%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
ACCENTURE PLC-CL A 2.7 %
UNION PACIFIC CORP 2.6 %
RAYTHEON TECHNOLOGIES CORPORATION 2.3 %
3M CO 2.0 %
PACCAR INC 2.0 %
CATERPILLAR INC 2.0 %
HONEYWELL INTERNATIONAL INC 1.9 %
DEERE & CO 1.9 %
CUMMINS INC 1.8 %
LOCKHEED MARTIN CORP 1.7 %
Total 21.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.0 %
IRELAND 7.4 %
BRITAIN 1.3 %
BERMUDA 0.3 %
LUXEMBOURG 0.1 %
PANAMA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.1% -6.3% -- -- 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.23 93%
MSCI EAFE 1.25 83%
MSCI Emg. Mkts. 0.88 65%

Technical Indicators
Recent close $34.21
30d moving avg. $34.46
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $39,421

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHMI Expense: 40 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMI
Ticker Fund
Name
Overlap1
vs JHMI
(%)
Expense
ratio
(bp)
Savings
vs JHMI
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMI
(%)
VIS Vanguard Industrials Index Fund 64.1 10 30 5.9 -0.2
FIDU Fidelity MSCI Industrials Index ETF 62.8 8 32 6.0 -0.1
XLI Industrial Select Sector SPDR Fund 60.5 13 27 5.9 -0.2
RGI Invesco S&P 500 Equal Weight Industrials ETF 60.1 40 0 5.7 -0.4
IYJ iShares U.S. Industrials ETF 59.2 42 -2 5.9 -0.1
EXI iShares Global Industrials ETF 44.2 46 -6 6.2 +0.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 31.8 63 -23 7.1 +1.0
BIBL Inspire ETF 23.3 35 5 4.9 -1.2
TPLC Timothy Plan US Large Cap Core ETF 22.2 52 -12 5.5 -0.5
MAGA Point Bridge GOP Stock Tracker ETF 22.1 72 -32 6.6 +0.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 22.0 25 15 6.0 -0.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 21.3 30 10 6.0 -0.1
JKG iShares Morningstar Mid-Cap ETF 20.4 25 15 5.6 -0.5
DSTL Distillate US Fundamental Stability & Value ETF 19.7 39 1 6.6 +0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 19.5 20 20 7.1 +1.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 19.4 28 12 6.5 +0.5
PAVE Global X U.S. Infrastructure Development ETF 18.2 47 -7 5.8 -0.2
FTXR First Trust Nasdaq Transportation ETF 18.2 60 -20 6.4 +0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.8 17 23 6.4 +0.4
PPA Invesco Aerospace & Defense ETF 17.7 59 -19 6.1 0.0
ONEO SPDR Russell 1000 Momentum Focus ETF 17.6 20 20 6.5 +0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 17.6 35 5 6.0 -0.1
KLCD KFA Large Cap Quality Dividend Index ETF 17.4 41 -1 5.4 -0.7
XTN SPDR S&P Transportation ETF 17.2 35 5 5.7 -0.3
VIG Vanguard Dividend Appreciation Index Fund 17.1 6 34 5.5 -0.6
PRN Invesco DWA Industrials Momentum ETF 17.0 60 -20 4.8 -1.2
IWS iShares Russell Mid-Cap Value ETF 17.0 24 16 7.3 +1.2
JHMM John Hancock Multifactor Mid Cap ETF 16.5 42 -2 5.8 -0.2
VSDA VictoryShares Dividend Accelerator ETF 16.5 35 5 4.9 -1.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.4 29 11 6.8 +0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.3 17 23 6.6 +0.5
SCHM Schwab U.S. Mid-Cap ETF 16.3 4 36 6.3 +0.3
LVUS Hartford Multifactor Low Volatility US Equity ETF 16.2 19 21 6.1 +0.0
PSET Principal Price Setters Index ETF 16.2 29 11 4.6 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 16.1 15 25 6.3 +0.3
NOBL ProShares S&P 500 Dividend Aristocrats ETF 15.9 35 5 6.2 +0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 15.9 29 11 9.9 +3.8
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 15.9 75 -35 5.8 -0.3
VETS Pacer Military Times Best Employers ETF 15.8 60 -20 7.0 +0.9
LGLV SPDR Russell 1000 Low Volatility ETF 15.8 12 28 5.7 -0.4
LEAD Reality Shares DIVCON Leaders Dividend ETF 15.7 43 -3 4.4 -1.7
TPHD Timothy Plan High Dividend Stock ETF 15.7 52 -12 7.7 +1.7
PFM Invesco Dividend Achievers ETF 15.5 54 -14 5.5 -0.6
RSP Invesco S&P 500 Equal Weight ETF 15.4 20 20 6.8 +0.7
IWR iShares Russell Midcap ETF 15.4 19 21 5.7 -0.4
CZA Invesco Zacks Mid-Cap ETF 15.2 76 -36 6.3 +0.2
XKFF SPDR Kensho Final Frontiers ETF 15.2 45 -5 6.4 +0.3
IYT iShares Transportation Average ETF 15.1 42 -2 5.3 -0.8
USDY Pacific Global US Equity Income ETF 15.0 29 11 7.3 +1.2
FVD First Trust Value Line Dividend Index Fund 14.8 70 -30 6.4 +0.4
QDIV Global X S&P 500 Quality Dividend ETF 14.7 20 20 7.7 +1.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 14.5 20 20 7.7 +1.6
DFND Reality Shares DIVCON Dividend Defender ETF 14.5 144 -104 3.4 -2.7
SDY SPDR S&P Dividend ETF 14.4 35 5 7.0 +1.0
SPLV Invesco S&P 500 Low Volatility ETF 14.3 25 15 5.7 -0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 14.2 10 30 6.5 +0.5
MDY SPDR S&P Midcap 400 ETF Trust 14.1 23 17 6.5 +0.4
IJH iShares Core S&P Mid-Cap ETF 14.1 6 34 6.7 +0.6
SPMD SPDR Portfolio Mid Cap ETF 14.1 5 35 6.7 +0.6
EZM WisdomTree U.S. MidCap Earnings Fund 14.1 38 2 9.3 +3.3
QSY WisdomTree U.S. LargeCap Value Fund 13.9 38 2 6.9 +0.8
CCOR Core Alternative ETF 13.9 123 -83 4.4 -1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 13.7 24 16 6.2 +0.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 13.7 4 36 5.8 -0.3
SIZE iShares Edge MSCI USA Size Factor ETF 13.6 15 25 6.4 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 13.6 15 25 6.3 +0.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 13.4 29 11 8.3 +2.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 13.3 18 22 6.3 +0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 13.2 9 31 5.9 -0.2
FTA First Trust Large Cap Value AlphaDEX Fund 13.2 60 -20 9.3 +3.2
BFOR Barron's 400 ETF 13.1 65 -25 6.4 +0.3
DON WisdomTree U.S. MidCap Dividend Fund 13.0 38 2 7.8 +1.7
SPGP Invesco S&P 500 GARP ETF 12.9 35 5 7.3 +1.2
FTCS First Trust Capital Strength ETF 12.9 58 -18 4.9 -1.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 12.9 7 33 5.5 -0.5
ITA iShares U.S. Aerospace & Defense ETF 12.8 42 -2 6.5 +0.5
SPYB SPDR S&P 500 Buyback ETF 12.7 0 40 0.0 -6.1
EQWL Invesco Russell Top 200 Equal Weight ETF 12.7 25 15 6.2 +0.1
VO Vanguard Mid-Cap Index Fund 12.7 4 36 5.5 -0.6
RNLC Large Cap US Equity Select ETF 12.6 60 -20 6.2 +0.2
EQAL Invesco Russell 1000 Equal Weight ETF 12.6 20 20 5.7 -0.3
OUSA O'Shares FTSE US Quality Dividend ETF 12.6 48 -8 5.7 -0.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 12.6 35 5 5.4 -0.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.6 65 -25 3.4 -2.7
IWD iShares Russell 1000 Value ETF 12.5 19 21 7.2 +1.2
RPG Invesco S&P 500 Pure Growth ETF 12.5 35 5 4.4 -1.7
XAR SPDR S&P Aerospace & Defense ETF 12.5 35 5 5.6 -0.5
ROUS Hartford Multifactor US Equity ETF 12.4 19 21 7.3 +1.3
JKH iShares Morningstar Mid-Cap Growth ETF 12.3 30 10 2.3 -3.8
IUS Invesco Strategic US ETF 12.3 19 21 6.7 +0.7
JVAL JPMorgan U.S. Value Factor ETF 12.2 12 28 8.8 +2.8
JKF iShares Morningstar Large Cap Value ETF 12.2 25 15 7.6 +1.6
FSMD Fidelity Small-Mid Factor ETF 12.1 29 11 7.1 +1.0
FEX First Trust Large Cap Core AlphaDEX Fund 12.0 60 -20 6.0 -0.0
VBR Vanguard Small Cap Value Index Fund 12.0 7 33 8.5 +2.4
FLLV Franklin Liberty U.S. Low Volatility ETF 12.0 29 11 5.9 -0.2
DGRO iShares Core Dividend Growth ETF 12.0 8 32 6.7 +0.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 11.9 48 -8 5.8 -0.3
JHML John Hancock Multifactor Large Cap ETF 11.9 29 11 5.6 -0.5
RWL Invesco S&P 500 Revenue ETF 11.9 39 1 7.3 +1.2

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 Industrials 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 20.4 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.