JHML
John Hancock Multifactor Large Cap ETF
The John Hancock Multifactor Large Cap ETF tracks an index of largest 800 US firms, weighted by multiple factors relative to their sector peers.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
991.8 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | John Hancock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 28, 2015 |
| Assets (mns) | $992 |
| Expense ratio | 29 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 4.2 % |
| MICROSOFT CORP | 4.0 % |
| NVIDIA CORP | 2.7 % |
| AMAZON.COM INC | 2.5 % |
| ALPHABET INC. CLASS A | 2.0 % |
| META PLATFORMS INC | 1.6 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.1 % |
| BROADCOM INC. | 1.1 % |
| JPMORGAN CHASE & CO | 1.1 % |
| ELI LILLY & CO | 1.0 % |
Constituent Breakdown
| Number of holdings | 770 |
| Herfindahl-Hirschman Index | 75 |
| Wgt avg mkt cap (mns) | $559,749 |
| Large cap (>$10bn) | 97.8% |
| Mid cap ($2-10bn) | 2.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.3 % |
 |
IRELAND | 1.6 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.1% | 30.1% | 17.4% | 6.0% | 12.7% | -- | 13.0% | Volatility | 11.6% | 11.6% | 13.6% | 17.0% | 21.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 100% |
| MSCI EAFE | 0.88 | 82% |
| MSCI Emg Mkts | 0.67 | 45% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $366,701 |
Technical Indicators
| Recent close | $72.00 |
| 30d moving avg. | $69.63 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.9% |
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. JHML |
Expenses vs. JHML |
ALTAR Score™ vs. JHML |
|---|---|---|---|---|
| GUSA | Goldman Sachs MarketBeta U.S. 1000 Equity ETF | 78.8% | -18 bp | -0.4% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 77.1% | -27 bp | -0.3% |
| VONE | Vanguard Russell 1000 ETF | 76.9% | -21 bp | -0.4% |
| IWB | iShares Russell 1000 ETF | 76.9% | -14 bp | -0.4% |
| IYY | iShares Dow Jones U.S. ETF | 76.7% | -9 bp | -0.5% |
| ILCB | iShares Morningstar U.S. Equity ETF | 76.6% | -26 bp | -0.3% |
| SCHX | Schwab U.S. Large-Cap ETF | 76.4% | -26 bp | -0.3% |
| VOTE | TCW Transform 500 ETF | 76.3% | -24 bp | -0.4% |
| PBUS | Invesco MSCI USA ETF | 76.3% | -25 bp | -0.3% |
| DFAU | Dimensional US Core Equity Market ETF | 76.3% | -17 bp | -0.3% |
Risk and Returns: JHML 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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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
JHML
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 Rating
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™
JHML
5.3%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. JHML's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places JHML in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JHMLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| JHML (29 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JHML | 29.0 | 5.6 | 34.6 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .