ETF Research Center

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
Total	4.4 %
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 %

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%.

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RESULTS & ESTIMATES

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	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	%

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.