John Hancock Multifactor Industrials
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.4x P/Sales
ratio
1.6x
P/BV
ratio
3.8x Div.
yield
1.6%


  • 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) $28
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 146
Wgt avg mkt cap (mns) $41,896
Large cap (>$10bn) 77.5%
Mid cap ($2-10bn) 22.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
BOEING CO 2.6 %
UNION PACIFIC CORP 2.5 %
HONEYWELL INTERNATIONAL INC 2.1 %
UNITED TECHNOLOGIES CORP 2.0 %
ACCENTURE PLC-CL A 2.0 %
CATERPILLAR INC 1.9 %
3M CO 1.9 %
DEERE & CO 1.9 %
PACCAR INC 1.7 %
INGERSOLL-RAND PLC 1.7 %
Total 20.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.9 %
IRELAND 7.2 %
BRITAIN 1.5 %
BERMUDA 0.3 %
PANAMA 0.2 %






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.
26.9% 17.9% -- -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 1.27 88%
MSCI EAFE 1.07 53%
MSCI Emg. Mkts. 0.72 39%

Technical Indicators
Recent close $39.40
30d moving avg. $38.62
Annualized volatility 16.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 81

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $16,739

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the John Hancock Multifactor Industrials 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™: 6.7%


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 63.6 10 30 6.3 -0.4
FIDU Fidelity Industrials 62.0 8 32 6.0 -0.7
RGI Invesco S&P Equal Weight Industrials 59.4 40 0 6.7 +0.0
IYJ iShares DJ US Industrials 58.8 42 -2 5.4 -1.3
XLI Industrials Select Sector SPDR 58.6 13 27 6.2 -0.5
FXR First Trust Industrials/Producer Durables 44.2 62 -22 7.0 +0.3
EXI iShares Global Industrials 43.5 46 -6 6.1 -0.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 26.1 60 -20 6.7 +0.1
BIBL Inspire 100 24.2 35 5 5.6 -1.1
TPLC Timothy Plan US Large Cap Core 23.7 52 -12 5.6 -1.1
VIG Vanguard Dividend Appreciation 23.5 6 34 5.5 -1.2
MAGA Point Bridge GOP Stock Tracker 21.5 72 -32 6.6 -0.1
ONEV SPDR Russell 1000 Low Volatility Focus 21.5 20 20 7.0 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor 20.6 17 23 6.3 -0.3
JKD iShares Morningstar Large Companies 20.6 20 20 5.8 -0.9
ONEO SPDR Russell 1000 Momentum Focus 20.4 20 20 6.4 -0.2
JKG iShares Morningstar MidCap Core 20.4 25 15 6.1 -0.5
HONR InsightShares Patriotic Employers 20.3 65 -25 7.0 +0.4
PPA Invesco Aero & Defense 19.8 59 -19 5.1 -1.6
DSTL Distillate US Fundamental Stability & Value 19.8 39 1 7.3 +0.6

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 Industrials
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 23.3 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.55
 
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.