JHEM
John Hancock Multifactor Emerging Markets ETF
The John Hancock Multifactor Emerging Markets ETF tracks a multi-factor selected and weighted index of large- and midcap stocks from emerging markets.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
49 bp
EXPENSES
$662.4 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | John Hancock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 27, 2018 |
| Assets (mns) | $662 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 5.0 % |
| TENCENT HOLDINGS LTD | 3.7 % |
| SAMSUNG ELECTRONICS CO LTD | 3.6 % |
| RELIANCE INDS-SPONS GDR 144A | 2.3 % |
| ALIBABA GROUP HOLDING LTD. | 1.3 % |
| HDFC BANK LIMITED | 1.2 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 1.2 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| MEDIATEK INC | 0.9 % |
| ICICI BANK LTD | 0.9 % |
Constituent Breakdown
| Number of holdings | 954 |
| Herfindahl-Hirschman Index | 83 |
| Wgt avg mkt cap (mns) | $110,799 |
| Large cap (>$10bn) | 77.6% |
| Mid cap ($2-10bn) | 21.4% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 3.1% |
| Emerging mkts. | 96.9% |
Country Exposure
 |
INDIA | 23.2 % |
 |
CHINA | 20.8 % |
 |
TAIWAN | 19.0 % |
 |
SOUTH KOREA | 12.0 % |
 |
BRAZIL | 4.6 % |
 |
SAUDI ARABIA | 3.2 % |
 |
SOUTH AFRICA | 2.5 % |
 |
MEXICO | 2.0 % |
 |
MALAYSIA | 1.8 % |
 |
HONG KONG | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.0% | 8.6% | 6.7% | -3.5% | 3.1% | -- | 4.8% | Volatility | 13.3% | 14.0% | 16.1% | 17.0% | 21.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 50% |
| MSCI EAFE | 0.82 | 69% |
| MSCI Emg Mkts | 0.96 | 98% |
Liquidity Measures
| Avg. volume (000) | 26 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $39,216 |
Technical Indicators
| Recent close | $26.39 |
| 30d moving avg. | $27.14 |
| Annualized volatility | 17.1% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JHEM |
Expenses vs. JHEM |
ALTAR Score™ vs. JHEM |
|---|---|---|---|---|
| BKEM | BNY Mellon Emerging Markets Equity ETF | 72.0% | -38 bp | -0.6% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 71.5% | +17 bp | -1.3% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 69.8% | -13 bp | -0.9% |
| EEM | iShares MSCI Emerging Markets ETF | 69.2% | +20 bp | -1.2% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 65.0% | 0 bp | -1.5% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 64.7% | -19 bp | -0.7% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 63.4% | -4 bp | -0.1% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 63.2% | -40 bp | -0.6% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 62.7% | +21 bp | -1.8% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 62.0% | -34 bp | -0.8% |
Risk and Returns: JHEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JHEM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JHEM
8.1%
Cat. Avg
7.5%
Fund Category: Emerging
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.1% |
Recommendation
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.
Category Overview
There are 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. JHEM's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places JHEM in the 56th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JHEM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| JHEM (49 bp) Percentile rank | 29 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JHEM | 49.0 | 14.4 | 63.4 |
| Peer Avg. | 49.0 | 36.9 | 85.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .