John Hancock Multifactor Mid Cap
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
19.1x P/Sales
ratio
1.6x
P/BV
ratio
2.7x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Mid Cap ETF tracks an index of US firms ranked 200-950 by size, 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) $1,635
Currency USD
Expense ratio 44 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 683
Wgt avg mkt cap (mns) $13,559
Large cap (>$10bn) 59.2%
Mid cap ($2-10bn) 40.7%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GLOBAL PAYMENTS INC 0.8 %
CENTENE CORP 0.4 %
PARKER HANNIFIN CORP 0.4 %
AMPHENOL CORP-CL A 0.4 %
TRANSDIGM GROUP INC 0.4 %
UNITED CONTINENTAL HOLDINGS 0.4 %
ENTERGY CORP 0.4 %
ANSYS INC 0.4 %
BEST BUY CO INC 0.4 %
FIRSTENERGY CORP 0.4 %
Total 4.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 1.6 %
BERMUDA 1.6 %
BRITAIN 1.2 %
SINGAPORE 0.2 %
SWITZERLAND 0.2 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %
PANAMA 0.0 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
30.0% 30.0% -- -- 12.8%

Market Correlations
versus... Beta R-squared
S&P500 1.08 94%
MSCI EAFE 1.00 66%
MSCI Emg. Mkts. 0.66 50%

Technical Indicators
Recent close $39.78
30d moving avg. $39.32
Annualized volatility 13.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.9%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 133
Turnover 0.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $53,682

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHMM Expense: 44 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMM
Ticker Fund
Name
Overlap1
vs JHMM
(%)
Expense
ratio
(bp)
Savings
vs JHMM
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMM
(%)
IWR iShares Russell Midcap 72.1 19 25 5.5 -0.1
OSIZ Invesco Russell 1000 Size Factor ETF 67.5 19 25 6.0 +0.4
VO Vanguard Mid-Cap ETF 58.4 4 40 5.5 -0.2
IWS iShares Russell Midcap Value 57.0 24 20 6.6 +1.0
SIZE iShares MSCI USA Size Factor 54.5 15 29 5.9 +0.3
EUSA iShares MSCI USA Equal Weight 53.8 15 29 5.9 +0.3
SCHM Schwab US Mid Cap 53.6 4 40 6.0 +0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight 53.4 29 15 6.4 +0.8
ONEO SPDR Russell 1000 Momentum Focus 53.2 20 24 6.7 +1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 52.7 24 20 5.7 +0.1
CFA Compass EMP US 500 Volatility Weighted 52.2 35 9 5.8 +0.2
CFO Victory CEMP US 500 Enhanced Volatility Wtd 52.0 35 9 5.8 +0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor 51.5 17 27 6.5 +0.9
ONEV SPDR Russell 1000 Low Volatility Focus 51.0 20 24 6.7 +1.1
EQAL Invesco Russel 1000 Equal Weight 48.5 20 24 5.6 +0.0
RSP Invesco S&P 500 Equal Weight 45.8 20 24 6.4 +0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 45.7 9 35 5.8 +0.2
RVRS Reverse Cap Weighted US Large Cap 45.6 29 15 7.3 +1.7
TPLC Timothy Plan US Large Cap Core 45.1 52 -8 5.3 -0.4
IWP iShares Russell Midcap Growth 44.6 24 20 4.3 -1.4

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 Mid 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 14.9 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 44 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.