John Hancock Multifactor Small Cap
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
19.1x P/Sales
ratio
1.5x
P/BV
ratio
2.1x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Small Cap ETF tracks an index of US small-cap stocks selected by relative price and profitability. Securities are weighted based on market capitalization.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Nov 08, 2017
Assets (mns) $538
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 380
Wgt avg mkt cap (mns) $4,210
Large cap (>$10bn) 0.4%
Mid cap ($2-10bn) 96.7%
Small cap (<$2bn) 2.9%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
LEGGETT & PLATT INC 0.5 %
TELADOC INC 0.5 %
GENERAC HOLDINGS INC 0.5 %
ITT CORP 0.5 %
MANPOWER INC 0.5 %
OSHKOSH CORP 0.5 %
HANOVER INSURANCE GROUP INC/ 0.5 %
NUTANIX, INC. CLASS A 0.5 %
CREE INC 0.5 %
SYNNEX CORP 0.4 %
Total 4.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
BERMUDA 1.6 %
BRITAIN 1.0 %
IRELAND 0.6 %
LUXEMBOURG 0.3 %
NETHERLANDS 0.2 %
PANAMA 0.2 %
SWITZERLAND 0.2 %



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.
24.4% 24.4% -- -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 1.16 89%
MSCI EAFE 1.13 66%
MSCI Emg. Mkts. 0.75 48%

Technical Indicators
Recent close $27.97
30d moving avg. $27.93
Annualized volatility 17.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 31
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $11,774

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the John Hancock Multifactor Small Cap ETF based on the alternatives' overlap in portfolio holdings with JHSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHSC Expense: 50 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHSC
Ticker Fund
Name
Overlap1
vs JHSC
(%)
Expense
ratio
(bp)
Savings
vs JHSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHSC
(%)
EWMC Invesco S&P Mid Cap 400 Equal Weight 47.0 40 10 6.4 +0.9
FNX First Trust Mid Cap Core Alpadex 46.6 62 -12 6.5 +0.9
MDY S&P MidCap 400 SPDR 42.9 24 26 6.0 +0.4
IJH iShares Core S&P MidCap 42.9 7 43 6.1 +0.6
IVOO Vanguard S&P Mid-Cap 400 42.7 15 35 6.0 +0.5
EZM WisdomTree Midcap Earnings 42.4 38 12 8.4 +2.9
SCHA Schwab U.S. Small-Cap 42.2 4 46 4.8 -0.7
RNMC First Trust Mid Cap US Equity Select 41.6 60 -10 6.4 +0.9
SPSM SPDR Portfolio Small Cap 41.6 5 45 4.7 -0.9
VBR Vanguard Small-Cap Value ETF 37.7 7 43 7.5 +1.9
PBSM Invesco PureBeta MSCI USA Small Cap 36.6 6 44 5.2 -0.4
IJJ iShares S&P MidCap 400 Value 36.0 25 25 7.6 +2.1
IVOV Vanguard S&P Mid-Cap 400 Value 36.0 20 30 7.2 +1.7
MDYV SPDR S&P400 Mid Cap Value 36.0 15 35 7.7 +2.2
SPMD SPDR Portfolio Mid Cap 35.6 5 45 6.1 +0.6
ESML iShares MSCI USA Small-Cap ESG Optimized 34.1 17 33 4.7 -0.9
VB Vanguard Smallcap ETF 33.7 5 45 5.4 -0.2
FNK First Trust Mid Cap Value AlphaDEX 32.7 70 -20 8.8 +3.3
IWM iShares Russell 2000 32.7 19 31 3.5 -2.0
JKJ iShares Morningstar Small Core 32.3 25 25 5.6 +0.1

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 Small 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 11.7 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.