John Hancock Multifactor Technology
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
20.4x P/Sales
ratio
3.5x
P/BV
ratio
4.8x Div.
yield
1.4%


  • 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 29, 2015
Assets (mns) $62
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) $210,797
Large cap (>$10bn) 83.3%
Mid cap ($2-10bn) 16.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.0 %
MICROSOFT CORP 6.0 %
INTEL CORP 5.3 %
CISCO SYSTEMS INC 3.5 %
INTL BUSINESS MACHINES CORP 3.1 %
ORACLE CORP 3.0 %
LAM RESEARCH CORP 2.8 %
BROADCOM INC. 2.5 %
SALESFORCE.COM INC 2.1 %
KLA-TENCOR CORPORATION 1.9 %
Total 37.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
SWITZERLAND 1.5 %
IRELAND 1.1 %
BERMUDA 0.8 %
BRITAIN 0.8 %






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.
31.1% 20.2% -- -- 20.4%

Market Correlations
versus... Beta R-squared
S&P500 1.20 79%
MSCI EAFE 1.09 55%
MSCI Emg. Mkts. 0.81 50%

Technical Indicators
Recent close $53.75
30d moving avg. $51.65
Annualized volatility 16.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.2%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $32,754

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the John Hancock Multifactor Technology 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™: 5.9%


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 US Technology 55.2 42 -2 5.1 -0.8
FTEC Fidelity MSCI Info Technology 54.6 8 32 5.3 -0.6
VGT Vanguard Info Tech ETF 54.0 10 30 5.3 -0.6
RYT Invesco S&P Equal Weight Technology 52.3 40 0 6.5 +0.5
TDIV First Trust NASDAQ Technology Dividend 51.3 50 -10 6.6 +0.6
XLK Technology Select Sector SPDR 50.5 13 27 5.5 -0.5
IGM iShares S&P N. American Technology 47.4 46 -6 4.5 -1.4
IXN iShares S&P Global Technology 44.1 46 -6 5.3 -0.7
FXL First Trust Technology Alphadex 43.0 63 -23 5.5 -0.4
IETC iShares Evolved U.S. Technology 42.6 18 22 4.8 -1.2
QTEC First Trust NASDAQ 100 Tech 42.1 57 -17 6.0 +0.1
AIQ Global X Future Analytics Tech 34.4 68 -28 4.6 -1.4
GDAT Goldman Sachs Motif Data-Driven World 34.0 50 -10 5.7 -0.3
XNTK SPDR NYSE Technology 33.9 35 5 5.4 -0.5
SPHB Invesco S&P 500 High Beta 32.8 25 15 6.3 +0.4
TDV ProShares S&P Technology Dividend Aristocrats 32.7 45 -5 5.2 -0.8
QYLD Global X NASDAQ 100 Covered Call ETF 32.6 60 -20 4.9 -1.1
QQQ Invesco QQQ 31.9 20 20 5.2 -0.7
SOXX iShares PHLX SOX Semiconductor 30.9 46 -6 6.0 +0.0
FTXL First Trust Nasdaq Semiconductor 30.7 60 -20 6.3 +0.3

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 Technology
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 26.0 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.