John Hancock Multifactor Utilities
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
20.6x P/Sales
ratio
2.3x
P/BV
ratio
2.2x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Utilities ETF tracks an index of large- and midcap US equities from the utilities sector. The index selects stocks by market caps and weights them by multiple factors: size, value, profitability and momentum.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Mar 28, 2016
Assets (mns) $37
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 44
Wgt avg mkt cap (mns) $29,118
Large cap (>$10bn) 82.0%
Mid cap ($2-10bn) 18.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONSOLIDATED EDISON INC 5.5 %
PPL CORPORATION 5.2 %
PUBLIC SERVICE ENTERPRISE GP 4.9 %
EXELON CORP 4.9 %
SOUTHERN CO 4.5 %
EDISON INTERNATIONAL 4.3 %
DTE ENERGY COMPANY 3.9 %
NEXTERA ENERGY GROUP 3.8 %
ENTERGY CORP 3.5 %
AMERICAN ELECTRIC POWER 3.5 %
Total 44.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
23.2% 23.2% -- -- 10.6%

Market Correlations
versus... Beta R-squared
S&P500 0.22 8%
MSCI EAFE 0.18 4%
MSCI Emg. Mkts. 0.10 2%

Technical Indicators
Recent close $35.62
30d moving avg. $34.02
Annualized volatility 9.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 11
Turnover 1.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $4,401

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the John Hancock Multifactor Utilities ETF based on the alternatives' overlap in portfolio holdings with JHMU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

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


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMU
Ticker Fund
Name
Overlap1
vs JHMU
(%)
Expense
ratio
(bp)
Savings
vs JHMU
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMU
(%)
RYU Invesco S&P Equal Weight Utilities 78.9 40 0 4.7 -0.1
IDU iShares DJ US Utilities 74.7 43 -3 4.5 -0.3
VPU Vanguard Utilities ETF 74.3 10 30 4.8 -0.0
FUTY Fidelity MSCI Utilities 73.6 8 32 4.8 -0.0
XLU Utilities Select Sector SPDR 71.9 13 27 4.8 +0.0
FXU First Trust Utilities Alphadex 53.4 63 -23 5.1 +0.3
JXI iShares S&P Global Utilities 52.6 46 -6 4.9 +0.1
PUI Invesco DWA Utilities Momentum 52.1 60 -20 3.8 -1.0
UTES Reaves Utilities 49.2 49 -9 4.0 -0.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility 38.9 60 -20 4.2 -0.6
ECLN First Trust EIP Carbon Impact 37.5 95 -55 3.1 -1.7
EMLP First Trust N. American Energy Infrastructure 29.1 95 -55 4.6 -0.2
SPLV Invesco S&P 500 Low Volatility 28.7 25 15 5.0 +0.2
IFRA iShares U.S. Infrastructure 28.1 40 0 5.1 +0.3
GII SPDR FTSE/Macquarie Global Infrastructure 27.6 40 0 4.6 -0.2
IGF iShares S&P Global Infrastructure 27.6 46 -6 4.5 -0.3
LVHD Legg Mason Low Volatility High Dividend ETF 26.0 27 13 6.5 +1.7
DVY iShares Select Dividend 24.9 39 1 7.6 +2.9
TPHD Timothy Plan High Dividend Stock 21.9 52 -12 6.4 +1.6

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%.

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 Utilities
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 10.7 %
Divided by: Fwd. P/BV 2.1 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
1.70 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.