John Hancock Multifactor Technology ETF
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.5x P/Sales
ratio
3.9x
P/BV
ratio
5.4x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Technology ETF tracks an index composed of US-based technology stocks, with heavier weighting toward smaller-cap, lower-relative-price and higher-profitability companies.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Sep 28, 2015
Assets (mns) $43
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 131
Wgt avg mkt cap (mns) $283,337
Large cap (>$10bn) 88.0%
Mid cap ($2-10bn) 12.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.0 %
MICROSOFT CORP 6.6 %
INTEL CORP 4.5 %
CISCO SYSTEMS INC 3.1 %
ORACLE CORP 2.8 %
SALESFORCE.COM INC 2.5 %
TEXAS INSTRUMENTS INC 2.3 %
NVIDIA CORP 2.3 %
INTL BUSINESS MACHINES CORP 2.2 %
ADOBE SYSTEMS INC 2.2 %
Total 35.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
SWITZERLAND 1.2 %
BERMUDA 1.1 %
IRELAND 0.7 %
BRITAIN 0.7 %
SINGAPORE 0.3 %





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.
10.1% 24.7% -- -- 21.8%

Market Correlations
versus... Beta R-squared
S&P500 1.11 87%
MSCI EAFE 1.07 70%
MSCI Emg. Mkts. 0.79 60%

Technical Indicators
Recent close $62.41
30d moving avg. $59.58
Annualized volatility 20.2%
Short interest (ETF) 0.2%
Short interest (Underlying) 3.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.9%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $84,255

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHMT Expense: 40 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMT
Ticker Fund
Name
Overlap1
vs JHMT
(%)
Expense
ratio
(bp)
Savings
vs JHMT
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMT
(%)
IYW iShares U.S. Technology ETF 55.4 42 -2 3.9 -0.9
FTEC Fidelity MSCI Information Technology Index ETF 53.8 8 32 4.5 -0.4
VGT Vanguard Information Technology Index Fund 53.3 10 30 4.4 -0.4
RYT Invesco S&P 500 Equal Weight Technology ETF 52.8 40 0 6.7 +1.9
XLK Technology Select Sector SPDR Fund 49.4 13 27 4.6 -0.2
IGM iShares Expanded Tech Sector ETF 47.9 46 -6 3.7 -1.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 46.4 50 -10 5.8 +0.9
FXL First Trust Technology AlphaDEX Fund 45.0 61 -21 3.0 -1.8
TECB iShares US Tech Breakthrough Multisector ETF 43.8 40 0 3.9 -0.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 43.6 57 -17 4.8 -0.1
IXN iShares Global Tech ETF 43.4 46 -6 4.4 -0.4
IETC iShares Evolved U.S. Technology ETF 42.3 18 22 3.7 -1.1
XNTK SPDR NYSE Technology ETF 35.9 35 5 3.5 -1.3
IGV iShares North American Tech-Software ETF 35.6 46 -6 2.3 -2.5
AIQ Global X Future Analytics Tech ETF 35.5 68 -28 3.7 -1.1
GDAT Goldman Sachs Motif Data-Driven World Etf 34.9 50 -10 4.8 -0.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 34.5 45 -5 4.7 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 34.3 60 -20 3.5 -1.4
NUSI Nationwide Risk-Managed Income ETF 34.2 68 -28 3.4 -1.4
QQQ Invesco QQQ Trust 33.2 20 20 3.7 -1.1
VEGN US Vegan Climate ETF 32.9 60 -20 5.2 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 31.3 49 -9 4.1 -0.8
SPHQ Invesco S&P 500 Quality ETF 30.9 15 25 4.6 -0.2
DRIV Global X Autonomous & Electric Vehicles ETF 30.9 68 -28 5.4 +0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 30.4 21 19 2.9 -2.0
STLG iShares Factors US Growth Style ETF 30.3 25 15 3.6 -1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 30.2 59 -19 4.1 -0.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 30.2 35 5 4.3 -0.5
QTUM Defiance Quantum ETF 30.1 40 0 5.6 +0.8
SOXX iShares PHLX Semiconductor ETF 30.1 46 -6 5.2 +0.3
SMH VanEck Vectors Semiconductor ETF 29.8 35 5 5.3 +0.5
FTXL First Trust Nasdaq Semiconductor ETF 29.5 60 -20 4.8 -0.0
SKYY First Trust Cloud Computing ETF 29.2 60 -20 2.1 -2.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 29.0 60 -20 4.3 -0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.8 75 -35 3.7 -1.1
IWF iShares Russell 1000 Growth ETF 28.5 19 21 4.1 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 28.4 8 32 4.2 -0.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 28.0 75 -35 1.9 -2.9
HLAL Wahed FTSE USA Shariah ETF 27.8 50 -10 4.6 -0.2
SYG SPDR MFS Systematic Growth Equity ETF 27.8 60 -20 4.2 -0.6
IQSU IQ Candriam ESG US Equity ETF 27.5 9 31 5.0 +0.2
QDF FlexShares Quality Dividend Index Fund 27.4 37 3 6.2 +1.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 27.3 15 25 4.0 -0.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 27.1 37 3 6.3 +1.5
IUSG iShares Core S&P US Growth ETF 27.0 4 36 4.3 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 26.8 4 36 4.3 -0.6
IVW iShares S&P 500 Growth ETF 26.8 18 22 4.1 -0.7
VOOG Vanguard S&P 500 Growth ETF 26.8 10 30 4.2 -0.6
RPG Invesco S&P 500 Pure Growth ETF 26.6 35 5 4.4 -0.5
JKH iShares Morningstar Mid-Cap Growth ETF 26.6 30 10 2.2 -2.6
JMOM JPMorgan U.S. Momentum Factor ETF 26.6 12 28 3.8 -1.0
FDRR Fidelity Dividend ETF for Rising Rates 26.5 29 11 7.1 +2.3
SPXV ProShares S&P 500 Ex-Health Care ETF 26.1 27 13 5.0 +0.2
JVAL JPMorgan U.S. Value Factor ETF 25.9 12 28 9.0 +4.2
VUG Vanguard Growth Index Fund 25.9 4 36 4.0 -0.9
FTC First Trust Large Cap Growth AlphaDEX Fund 25.8 61 -21 2.8 -2.0
KOIN Innovation Shares NextGen Protocol ETF 25.8 95 -55 4.3 -0.6
QGRO American Century STOXX U.S. Quality Growth ETF 25.8 29 11 3.1 -1.8
SPXN ProShares S&P 500 Ex-Financials ETF 25.6 27 13 5.0 +0.1
SPMO Invesco S&P 500 Momentum ETF 25.6 13 27 4.3 -0.5
IWP iShares Russell Mid-Cap Growth ETF 25.5 24 16 4.0 -0.8
IWY iShares Russell Top 200 Growth ETF 25.4 20 20 4.0 -0.8
SUSA iShares MSCI USA ESG Select ETF 25.3 25 15 4.8 -0.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 25.3 52 -12 5.0 +0.2
DSTL Distillate US Fundamental Stability & Value ETF 25.2 39 1 6.6 +1.8
LRGF iShares Edge MSCI Multifactor USA ETF 25.0 20 20 7.4 +2.6
ESGV Vanguard ESG U.S. Stock ETF 24.9 12 28 5.2 +0.3
SCHG Schwab U.S. Large-Cap Growth ETF 24.8 4 36 4.0 -0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.8 15 25 6.2 +1.4
PWB Invesco Dynamic Large Cap Growth ETF 24.7 55 -15 3.3 -1.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 24.7 49 -9 5.2 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.3 12 28 4.9 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 24.3 32 8 5.1 +0.2
IWL iShares Russell Top 200 ETF 24.0 15 25 5.0 +0.2
MGK Vanguard Mega Cap Growth ETF 23.9 7 33 4.0 -0.8
LRGE ClearBridge Large Cap Growth ESG ETF 23.9 59 -19 3.7 -1.1
RNLC Large Cap US Equity Select ETF 23.8 60 -20 6.3 +1.5
CACG ClearBridge All Cap Growth ETF 23.8 54 -14 4.3 -0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 23.8 0 40 5.2 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 23.7 15 25 5.1 +0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.6 7 33 5.2 +0.4
XLG Invesco S&P 500 Top 50 ETF 23.6 20 20 4.4 -0.4
TMFC Motley Fool 100 Index ETF 23.6 50 -10 3.6 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.5 9 31 5.5 +0.7
SPXE ProShares S&P 500 Ex-Energy ETF 23.5 27 13 5.3 +0.5
PBP Invesco S&P 500 BuyWrite ETF 23.4 49 -9 5.0 +0.2
PEXL Pacer US Export Leaders ETF 23.3 60 -20 6.0 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.3 20 20 5.4 +0.5
EXT WisdomTree U.S. Total Earnings Fund 23.3 28 12 5.2 +0.4
PBUS Invesco PureBeta MSCI USA ETF 23.3 4 36 5.3 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 23.2 12 28 5.3 +0.4
MGC Vanguard Mega Cap Index Fund 23.1 7 33 5.2 +0.4
CATH Global X S&P 500 Catholic Values Custom ETF 23.1 29 11 5.2 +0.4
SFY SoFi Select 500 ETF 23.0 0 40 5.2 +0.4
XSW SPDR S&P Software & Services ETF 23.0 35 5 4.0 -0.8
SNPE Xtrackers S&P 500 ESG ETF 23.0 11 29 5.1 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 23.0 25 15 6.7 +1.9
HSPX Global X S&P 500 Covered Call ETF 22.9 65 -25 4.9 +0.0
QLC FlexShares US Quality Large Cap Index Fund 22.9 32 8 5.4 +0.6
VOO VANGUARD S&P 500 ETF 22.9 3 37 5.4 +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

  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 Technology ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 25.8 %
Divided by: Fwd. P/BV 4.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.