John Hancock Multifactor Utilities ETF
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.3x P/Sales
ratio
1.8x
P/BV
ratio
1.6x Div.
yield
4.0%


  • 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) $26
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 47
Wgt avg mkt cap (mns) $27,003
Large cap (>$10bn) 80.1%
Mid cap ($2-10bn) 19.8%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONSOLIDATED EDISON INC 5.6 %
PUBLIC SERVICE ENTERPRISE GP 4.6 %
PPL CORPORATION 4.6 %
EXELON CORP 4.6 %
SOUTHERN CO 4.2 %
NEXTERA ENERGY GROUP 4.0 %
EDISON INTERNATIONAL 4.0 %
ENTERGY CORP 3.8 %
AMERICAN ELECTRIC POWER 3.6 %
DUKE ENERGY CORP 3.6 %
Total 42.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.2% -8.1% -- -- 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.51 31%
MSCI EAFE 0.52 31%
MSCI Emg. Mkts. 0.33 18%

Technical Indicators
Recent close $27.31
30d moving avg. $30.41
Annualized volatility 13.9%
Short interest (ETF) 1.7%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 24
Turnover 2.5%
Bid/Ask (% of price) 0.63%
ADV underlying (mns) $8,542

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the John Hancock Multifactor Utilities ETF 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™: 6.6%


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 500 Equal Weight Utilities ETF 79.0 40 0 6.5 -0.1
IDU iShares U.S. Utilities ETF 73.5 43 -3 6.1 -0.5
FUTY Fidelity MSCI Utilities Index ETF 72.5 8 32 6.3 -0.3
XLU Utilities Select Sector SPDR Fund 70.9 13 27 6.3 -0.2
VPU Vanguard Utilities Index Fund 70.6 10 30 6.2 -0.3
PUI Invesco DWA Utilities Momentum ETF 53.6 60 -20 5.1 -1.5
JXI iShares Global Utilities ETF 52.0 46 -6 6.6 +0.1
FXU First Trust Utilities AlphaDEX Fund 51.9 63 -23 6.5 -0.0
UTES Virtus Reaves Utilities ETF 44.6 49 -9 5.4 -1.2
ECLN First Trust EIP Carbon Impact ETF 37.7 95 -55 4.4 -2.2
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 34.1 60 -20 6.3 -0.3
EMLP First Trust North American Energy Infrastructure Fund 33.6 95 -55 7.4 +0.8
GII SPDR S&P Global Infrastructure ETF 32.1 40 0 6.7 +0.1
IFRA iShares U.S. Infrastructure ETF 32.0 40 0 7.6 +1.0
IGF iShares Global Infrastructure ETF 32.0 46 -6 6.7 +0.1
LVHD Legg Mason Low Volatility High Dividend ETF 28.4 27 13 8.6 +2.1
SPLV Invesco S&P 500 Low Volatility ETF 28.4 25 15 6.7 +0.1
DVY iShares Select Dividend ETF 28.3 39 1 10.9 +4.3
TPHD Timothy Plan High Dividend Stock ETF 24.6 52 -12 9.4 +2.8
NLR VanEck Vectors Uranium+Nuclear Energy ETF 21.2 60 -20 10.4 +3.8
INFR Legg Mason Global Infrastructure ETF 20.6 40 0 7.1 +0.6
PEY Invesco High Yield Equity Dividend Achievers ETF 19.8 53 -13 9.8 +3.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 19.2 60 -20 9.6 +3.1
JDIV JPMorgan U.S. Dividend ETF 19.2 12 28 10.7 +4.1
FVD First Trust Value Line Dividend Index Fund 18.0 70 -30 8.0 +1.5
JMIN JPMorgan U.S. Minimum Volatility ETF 17.7 12 28 7.2 +0.6
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 17.6 35 5 11.3 +4.8
RBUS Nationwide Risk-Based U.S. Equity ETF 17.0 30 10 7.2 +0.6
JKI iShares Morningstar Mid-Cap Value ETF 16.8 30 10 13.5 +7.0
PMOM Principal Sustainable Momentum Index ETF 16.7 29 11 7.2 +0.6
VOE Vanguard Mid-Cap Value Index Fund 16.3 7 33 10.8 +4.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 15.8 30 10 11.9 +5.3
SCIU Global X Scientific Beta US ETF 15.6 19 21 7.6 +1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 15.6 46 -6 6.6 +0.1
GLIF AGFiQ Global Infrastructure ETF 15.4 45 -5 6.1 -0.5
LSLT Salt Low truBeta US Market ETF 15.2 0 40 8.5 +2.0
ACSI American Customer Satisfaction Core Alpha ETF 14.2 66 -26 7.4 +0.8
IWS iShares Russell Mid-Cap Value ETF 13.2 24 16 10.0 +3.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 12.8 15 25 5.7 -0.8
BIBL Inspire ETF 12.5 35 5 6.2 -0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 12.4 47 -7 7.8 +1.3
XKCP SPDR Kensho Clean Power ETF 12.2 45 -5 -14.9 -21.4
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 12.2 99 -59 4.5 -2.1
DHS WisdomTree U.S. High Dividend Fund 12.1 38 2 10.5 +3.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.8 15 25 8.9 +2.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 11.7 38 2 10.2 +3.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.7 19 21 8.3 +1.7
ESGS Columbia Sustainable U.S. Equity Income ETF 11.7 35 5 12.1 +5.6
FTA First Trust Large Cap Value AlphaDEX Fund 11.1 60 -20 12.1 +5.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 11.0 39 1 15.1 +8.5
TPLC Timothy Plan US Large Cap Core ETF 10.9 52 -12 7.3 +0.8
SPYD SPDR S&P 500 High Dividend ETF 10.4 7 33 14.3 +7.8
SPDV AAM S&P 500 High Dividend Value ETF 10.4 29 11 14.5 +8.0
DON WisdomTree U.S. MidCap Dividend Fund 10.4 38 2 11.0 +4.5
DIV Global X SuperDividend US ETF 10.2 45 -5 15.1 +8.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 10.1 24 16 8.3 +1.8
SDOG ALPS Sector Dividend Dogs ETF 10.1 40 0 13.9 +7.3
KLCD KFA Large Cap Quality Dividend Index ETF 9.9 41 -1 6.6 +0.0
AUSF Global X Adaptive U.S. Factor ETF 9.4 27 13 10.5 +3.9
GBDV Global Beta Smart Income ETF 9.4 29 11 16.2 +9.6
SPMO Invesco S&P 500 Momentum ETF 9.2 13 27 5.3 -1.3
USMV iShares Edge MSCI Min Vol USA ETF 9.2 15 25 6.8 +0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 9.2 35 5 7.6 +1.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.1 34 6 6.8 +0.2
VYM Vanguard High Dividend Yield Index ETF 9.1 6 34 8.9 +2.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 9.1 20 20 9.5 +2.9
VETS Pacer Military Times Best Employers ETF 9.1 60 -20 8.5 +1.9
HDV iShares Core High Dividend ETF 9.0 8 32 8.1 +1.6
PWV Invesco Dynamic Large Cap Value ETF 8.9 55 -15 10.6 +4.0
SYV SPDR MFS Systematic Value Equity ETF 8.9 60 -20 9.8 +3.3
SPMV Invesco S&P 500 Minimum Variance ETF 8.8 10 30 7.3 +0.8
LRGF iShares Edge MSCI Multifactor USA ETF 8.7 20 20 9.0 +2.5
EQAL Invesco Russell 1000 Equal Weight ETF 8.7 20 20 7.6 +1.1
MAGA Point Bridge GOP Stock Tracker ETF 8.3 72 -32 9.4 +2.8
FDL First Trust Morningstar Dividend Leaders Index Fund 8.2 45 -5 10.9 +4.4
ACWV iShares Edge MSCI Min Vol Global ETF 8.0 20 20 6.7 +0.2
CFA Victory CEMP US 500 Volatility Weighted Index ETF 7.8 35 5 8.1 +1.5
XMLV Invesco S&P MidCap Low Volatility ETF 7.7 25 15 8.1 +1.6
IWD iShares Russell 1000 Value ETF 7.6 19 21 9.1 +2.6
PFM Invesco Dividend Achievers ETF 7.5 54 -14 6.4 -0.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 7.5 17 23 9.0 +2.4
VO Vanguard Mid-Cap Index Fund 7.5 4 36 7.7 +1.1
IWR iShares Russell Midcap ETF 7.4 19 21 8.0 +1.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 7.4 52 -12 7.9 +1.3
VALQ American Century STOXX U.S. Quality Value ETF 7.3 29 11 11.5 +5.0
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.3 29 11 8.4 +1.9
VONV Vanguard Russell 1000 Value Index Fund 7.2 8 32 9.3 +2.7
SPYV SPDR Portfolio S&P 500 Value ETF 7.1 4 36 9.2 +2.7
IUSV iShares Core S&P U.S. Value ETF 7.1 4 36 9.4 +2.8
IVE iShares S&P 500 Value ETF 7.1 18 22 9.1 +2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 7.1 30 10 8.1 +1.5
FLQL Franklin LibertyQ U.S. Equity ETF 7.0 15 25 8.0 +1.5
VTV Vanguard Value Index Fund 7.0 4 36 9.1 +2.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 6.9 65 -25 4.4 -2.1
SDY SPDR S&P Dividend ETF 6.9 35 5 8.2 +1.6
JKF iShares Morningstar Large Cap Value ETF 6.8 25 15 9.5 +2.9
FEX First Trust Large Cap Core AlphaDEX Fund 6.7 60 -20 8.1 +1.5
VFVA Vanguard U.S. Value Factor ETF 6.7 13 27 16.5 +9.9
VOOV Vanguard S&P 500 Value ETF 6.6 15 25 9.2 +2.6
DEF Invesco Defensive Equity ETF 6.5 55 -15 6.4 -0.2

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 Utilities 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 11.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.51
 
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.