JHMD

John Hancock Multifactor Developed International ETF

The John Hancock Multifactor Developed International ETF tracks an index of developed ex-North America stocks covering 85% of market cap and weighted by multiple factors.


International

EQUITY

Rules-Based

MANAGEMENT STYLE

39 bp

EXPENSES

$712.1 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorJohn Hancock
CategoryInternational
Asset classEquity
Websitelink...
Inception dateDec 15, 2016
Assets (mns)$712
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NOVO NORDISK A/S-B 1.9 %
ASML HOLDING NV 1.4 %
TOTAL SA 1.4 %
TOYOTA MOTOR CORP 1.3 %
SHELL PLC 1.2 %
WOLTERS KLUWER 1.0 %
NESTLE SA-REG 1.0 %
NOVARTIS AG 0.9 %
ROCHE HOLDING AG-BR 0.8 %
LVMH MOET HENNESSY LOUIS VUI 0.8 %
Constituent Breakdown
Number of holdings645
Herfindahl-Hirschman Index 38
Wgt avg mkt cap (mns)$76,624
Large cap (>$10bn)85.8%
Mid cap ($2-10bn)12.9%
Small cap (<$2bn)0.2%
Developed mkts.99.9%
Emerging mkts.0.1%
Country Exposure
JAPAN 23.6 %
BRITAIN 14.3 %
FRANCE 9.7 %
SWITZERLAND 9.6 %
GERMANY 7.3 %
AUSTRALIA 6.6 %
NETHERLANDS 4.7 %
SPAIN 3.1 %
DENMARK 3.1 %
SWEDEN 2.6 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 0.5% 6.4% 12.4% 1.5% 5.6% -- 6.3%
Volatility 11.5% 12.3% 16.2% 16.3% 19.7% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8576%
MSCI EAFE1.0099%
MSCI Emg Mkts0.8066%
Liquidity Measures
Avg. volume (000)96
Turnover0.5%
Avg. Bid/Ask (% of price)0.20%
ADV of underlying (mns)$43,221
Technical Indicators
Recent close$33.91
30d moving avg.$35.00
Annualized volatility17.5%
Relative strength (RSI)53
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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Risk and Returns: JHMD vs. Comps (1 YR)

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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 --%
1.0 12.1 1.4 3.7% --
Based on closing prices from 7/19/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
JHMD



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™

JHMD

7.3%

Cat. Avg

7.1%

Fund Category: International

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.3%
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 258 funds in the International category, with an average ALTAR Score™ of 7.1% and a standard deviation of 2.4%. JHMD's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places JHMD in the 54th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
JHMD
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
International Equity ETFs
# of ETFs 152
Avg. Expense Ratio 42.9 bp
Std. Deviation 24.3 bp
JHMD (39 bp) Percentile rank 44
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
JHMD 39.0 20.4 59.4
Peer Avg. 33.7 17.7 51.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .