John Hancock Multifactor Large Cap
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.5x P/Sales
ratio
1.9x
P/BV
ratio
3.1x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Large Cap ETF tracks an index of largest 800 US firms, weighted by multiple factors relative to their sector peers.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Sep 28, 2015
Assets (mns) $935
Currency USD
Expense ratio 34 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 784
Wgt avg mkt cap (mns) $192,053
Large cap (>$10bn) 91.7%
Mid cap ($2-10bn) 8.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.4 %
MICROSOFT CORP 2.4 %
AMAZON.COM INC 1.5 %
ALPHABET INC. CLASS A 1.4 %
JPMORGAN CHASE & CO 1.2 %
BERKSHIRE HATHAWAY INC-CL B 1.1 %
FACEBOOK 0.9 %
JOHNSON & JOHNSON 0.9 %
INTEL CORP 0.8 %
BANK OF AMERICA CORP 0.8 %
Total 14.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 2.0 %
BRITAIN 1.1 %
SWITZERLAND 0.4 %
BERMUDA 0.3 %
SINGAPORE 0.1 %
CAYMAN ISLANDS 0.0 %
PUERTO RICO 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
27.6% 15.9% -- -- 14.0%

Market Correlations
versus... Beta R-squared
S&P500 1.01 99%
MSCI EAFE 0.91 68%
MSCI Emg. Mkts. 0.64 53%

Technical Indicators
Recent close $40.90
30d moving avg. $40.12
Annualized volatility 12.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 52
Turnover 0.2%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $174,795

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the John Hancock Multifactor Large Cap ETF based on the alternatives' overlap in portfolio holdings with JHML. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHML Expense: 34 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHML
Ticker Fund
Name
Overlap1
vs JHML
(%)
Expense
ratio
(bp)
Savings
vs JHML
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHML
(%)
SCHX Schwab U.S. Large-Cap 79.2 3 31 5.8 -0.1
SCHK Schwab 1000 Index 78.5 5 29 5.8 -0.1
IWB iShares Russell 1000 78.4 15 19 5.6 -0.2
VONE Vanguard Russell 1000 78.3 12 22 5.7 -0.2
IYY iShares DJ US Total Market 78.1 20 14 5.6 -0.3
PBUS Invesco PureBeta MSCI USA 78.0 4 30 5.9 +0.0
BBUS JP Morgan Betabuilders U.S. Equity 76.8 2 32 5.8 -0.1
SCHB Schwab U.S. Broad Market 76.7 3 31 5.7 -0.2
VV Vanguard Large-Cap ETF 76.7 4 30 5.7 -0.1
ITOT iShares Core S&P Total US 76.5 3 31 5.6 -0.3
IWV iShares Russell 3000 76.4 20 14 5.4 -0.4
VTHR Vanguard Russell 3000 76.3 15 19 5.5 -0.4
VTI Vanguard Total Market 76.3 3 31 5.6 -0.3
SPLG SPDR Portfolio Large Cap 76.1 3 31 5.7 -0.2
PBP Invesco S&P 500 Buy/Write 75.5 49 -15 5.4 -0.4
HSPX Global X S&P 500 Covered Call 75.3 65 -31 5.3 -0.6
SPY S&P 500 SPDR 75.0 9 25 5.8 -0.1
IVV iShares Core S&P 500 75.0 4 30 5.8 -0.0
VOO Vanguard S&P 500 ETF 74.8 3 31 5.9 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 74.4 9 25 6.0 +0.2

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%.

Content on this tab for subscribers only**

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 Large Cap
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 16.9 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 34 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.56
 
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.