JHMU
John Hancock Multifactor Utilities ETF
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
| Fund sponsor | John Hancock |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 28, 2016 |
| Assets (mns) | $19 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| EXELON CORP | 6.0 % |
| XCEL ENERGY INC | 5.6 % |
| CONSOLIDATED EDISON INC | 5.5 % |
| DUKE ENERGY CORP | 5.3 % |
| SOUTHERN CO | 4.3 % |
| ENTERGY CORP | 4.1 % |
| EDISON INTERNATIONAL | 3.9 % |
| WEC ENERGY GROUP INC | 3.9 % |
| EVERSOURCE ENERGY | 3.6 % |
| AMERICAN ELECTRIC POWER | 3.5 % |
Constituent Breakdown
| Number of holdings | 39 |
| Herfindahl-Hirschman Index | 350 |
| Wgt avg mkt cap (mns) | $37,374 |
| Large cap (>$10bn) | 93.0% |
| Mid cap ($2-10bn) | 7.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 100.0 % |
Historical Performance
Standardized Annual Returns (as of 06/30/2022)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.0% | 14.1% | 14.6% | 6.3% | 8.4% | -- | 8.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 35% |
| MSCI EAFE | 0.51 | 27% |
| MSCI Emg Mkts | 0.35 | 14% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $5,244 |
Technical Indicators
| Recent close | $35.38 |
| 30d moving avg. | $36.21 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 1.7% |
| Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Risk and Returns: JHMU 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JHMU |
Expenses vs. JHMU |
ALTAR Score™ vs. JHMU |
|---|---|---|---|---|
| RYU | Invesco S&P 500 Equal Weight Utilities ETF | 80.1% | 0 bp | +0.4% |
| XLU | Utilities Select Sector SPDR Fund | 72.0% | -30 bp | -0.1% |
| VPU | Vanguard Utilities Index Fund | 70.5% | -30 bp | +0.2% |
| FUTY | Fidelity MSCI Utilities Index ETF | 70.2% | -32 bp | +0.2% |
| IDU | iShares U.S. Utilities ETF | 69.0% | +3 bp | -0.1% |
| FXU | First Trust Utilities AlphaDEX Fund | 61.1% | +22 bp | +1.1% |
| PUI | Invesco DWA Utilities Momentum ETF | 61.0% | +20 bp | +0.0% |
| JXI | iShares Global Utilities ETF | 54.3% | +3 bp | 0.0% |
| UTES | Virtus Reaves Utilities ETF | 49.1% | +9 bp | -0.5% |
| ECLN | First Trust EIP Carbon Impact ETF | 36.5% | +57 bp | -2.0% |
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Results & Estimates
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2021 | 2022E | Fwd Est | 2023E | |
| 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 6/30/2022
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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
JHMU
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™
JHMU
5.5%
Cat. Avg
6.7%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.5% |
Recommendation
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.
Category Overview
There are 876 funds in the US Equities category, with an average ALTAR Score™
of 6.7% and a standard deviation of
3.1%. JHMU's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places JHMU in the 34th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JHMU
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JHMU | 40.0 | 21.9 | 61.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .