UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811- 22733
John Hancock Exchange-Traded Fund Trust
(Exact name of registrant as specified in charter)
601 Congress Street, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
601 Congress Street
Boston, Massachusetts 02210
(Name and address of agent for service) | |
Registrant's telephone number, including area code: 617-663-4497 | |
Date of fiscal year end: | April 30 |
Date of reporting period: | October 31, 2017 |
ITEM 1. REPORTS TO STOCKHOLDERS.
John Hancock
Multifactor ETFs
Semiannual report 10/31/17
A message to shareholders
Dear shareholder,
Wherever stock investors look today, the markets seem to exhibit undiminished strength, as evidenced by the fact that the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ Composite Index reached and then surpassed all-time highs several times during the period. Economic and corporate data has continued to underpin investor optimism. Corporate earnings have generally been solid, with a weaker dollar helping to boost results for U.S.-based multinationals.
While stock markets continue their rise, investors have reason to be vigilant. U.S. stocks haven't experienced a drop of 10% in more than 21 months, and 16 months have passed since the last 5% pullback. This degree of calm in a rising market is rare, and history suggests stormier market conditions could be brewing. As the bull market advances, many stocks are moving deeper into overvalued territory, suggesting that market leaders could be vulnerable to any setbacks.
Given the risks of overvaluation, investors would do well to consider their options for diversification. Maintaining a diversified portfolio of stocks, bonds, and alternatives, alongside a disciplined investment program, is one approach that has stood the test of time. As always, your best resource to prepare for any market condition is your financial advisor, who can help ensure your portfolio is sufficiently diversified to meet your long-term objectives and to withstand the inevitable disappointments that can interrupt any market rise.
On behalf of everyone at John Hancock Investments, I'd like to take this opportunity to welcome new shareholders and to thank existing shareholders for the continued trust you've placed in us.
Sincerely,
Andrew G. Arnott
President and Chief Executive Officer
John Hancock Investments
This commentary reflects the CEO's views, which are subject to change at any time. Investing involves risks, including the potential loss of principal. Diversification does not guarantee investment returns and does not eliminate risk of loss. For more up-to-date information, please visit our website at jhinvestments.com.
John Hancock
Multifactor ETFs
Table of contents
2 | Multifactor exchange-traded funds (ETFs) at a glance | |
3 | Discussion of fund performance | |
9 | John Hancock Multifactor Consumer Discretionary ETF | |
10 | John Hancock Multifactor Consumer Staples ETF | |
11 | John Hancock Multifactor Developed International ETF | |
12 | John Hancock Multifactor Energy ETF | |
13 | John Hancock Multifactor Financials ETF | |
14 | John Hancock Multifactor Healthcare ETF | |
15 | John Hancock Multifactor Industrials ETF | |
16 | John Hancock Multifactor Large Cap ETF | |
17 | John Hancock Multifactor Materials ETF | |
18 | John Hancock Multifactor Mid Cap ETF | |
19 | John Hancock Multifactor Technology ETF | |
20 | John Hancock Multifactor Utilities ETF | |
21 | Premium/discount analysis | |
23 | Your expenses | |
25 | Funds' investments | |
64 | Financial statements | |
72 | Financial highlights | |
78 | Notes to financial statements | |
88 | Continuation of investment advisory and subadvisory agreements | |
94 | More information |
Multifactor exchange-traded funds (ETFs) at a glance
Many traditional indexes and index funds are weighted by market capitalization, a bias that can expose investors to certain risks and potentially reduce returns. Strategic beta strategies such as John Hancock Multifactor ETFs offer a different approach. Each ETF seeks to improve on cap-weighted strategies by tracking a custom index that combines active management insight with the discipline of a rules-based approach.
STRATEGIC BETA1: STRIKING A BALANCE BETWEEN ACTIVE AND PASSIVE INVESTING
PHILOSOPHY BACKING INDEX DESIGN
According to Dimensional Fund Advisors, subadvisor for all John Hancock Multifactor ETFs, there are four key factors that drive higher expected returns, and these factors guide Dimensional's index construction and semiannual reconstitution.
Market
Equity premium—stocks over bonds
Company size
Small-cap premium—small company stocks over large company stocks
Relative price2
Value premium—value stocks over growth stocks
Profitability3
Profitability premium—stocks of highly profitable companies over stocks of less profitable companies
To be considered a true factor, a premium must be sensible, persistent across time periods, pervasive across markets, robust in data, and cost effective.
WHY MULTIFACTOR?
Individual factors can be volatile: there's no telling which will be the best performing from year to year. Adopting a multifactor approach is one way investors can pursue more consistent—and more attractive—risk-adjusted returns.
1 | Strategic beta (also known as smart beta) defines a set of investment strategies that seek to improve on traditional market-capitalization weighted indexes in order to lower risk and achieve better diversification. |
2 | Relative price as measured by the price-to-book ratio; value stocks are those with lower price-to-book ratios. |
3 | Profitability is a measure of current profitability, based on information from individual companies' income statements. |
Lukas J. Smart, CFA
Portfolio Manager
Dimensional Fund Advisors LP
Would you tell us about your investment philosophy and how it drives the composition of the exchange-traded funds (ETFs) you manage for John Hancock Investments?
At Dimensional Fund Advisors LP, we have identified four characteristics, or dimensions, of expected returns that academic research has shown to account for most of the variation in historical asset returns and that we believe will account for most of the variation in future returns. These dimensions are the overall market, company size, relative price, and profitability.
The overall market dimension reflects the excess return over the risk-free rate, which is typically measured by short-term Treasury bills, that market participants demand for investing in a broadly diversified portfolio of equity securities without any style or market capitalization bias. That premium is called the equity premium.
The company size dimension reflects the excess return that investors demand for investing in small-capitalization stocks relative to large-capitalization stocks. The premium associated with this dimension is the small-cap, or size, premium.
The relative price dimension reflects the excess return that investors expect from investing in low relative price, or value, stocks—as measured, for instance, by their price-to-book ratios—in comparison with high relative price, or growth, stocks. The premium associated with this dimension is the value premium.
Finally, the profitability dimension provides a way to discern the expected returns of companies with similar price-driven characteristics. Our research shows that if two companies trade at the same relative price, the one with higher profitability should have a higher expected return over time. The premium associated with this dimension is called the profitability premium.
Relative to a cap-weighted measure of the market, we believe that incorporating the four dimensions of expected returns—market, company size, relative price, and profitability—into a single investment strategy offers the potential for outperformance over time, and an ETF is a vehicle well suited to our systematic and transparent investment approach.
The custom indexes we developed for John Hancock Multifactor ETFs are designed to capture these dimensions over time, and the funds are, in turn, designed to track their respective custom indexes.
What drives changes to the composition of the funds?
Changes are made to the funds as a result of regularly scheduled reconstitutions, a semiannual process by which the list of stocks and their weights in each custom index are updated, as well as any unscheduled changes to the index driven by company events. Reconstitution ensures that both the funds and the custom indexes that they track maintain their intended exposure to the dimensions of expected returns. In addition, we impose a maximum issuer cap in each index at the time of reconstitution to control stock-specific risk.
How did the broad equity market perform during the six months ended October 31, 2017, particularly in terms of the dimensions of expected returns that you've identified?
The U.S. market had positive performance for the six-month period but underperformed both developed ex-U.S. and emerging markets. The Russell 3000 Index returned 8.92%, as compared to 11.02% for the MSCI World ex USA IMI [net dividends], and 15.44% for the MSCI Emerging Markets IMI [net dividends].
Along the market-capitalization dimension, small caps, as measured by the Russell 2000 Index, underperformed large caps, as measured by the Russell 1000 Index, for the six-month period. Mid caps, as measured by the Russell Midcap Index, underperformed both small caps and large caps. Along the relative price dimension, large-cap value stocks, as measured by the Russell 1000 Value Index, underperformed large-cap growth stocks, as measured by the Russell 1000 Growth Index. Small-cap value stocks, as measured by the Russell 2000 Value Index, underperformed small-cap growth stocks, as measured by the Russell 2000 Growth Index. Profitability premiums were mixed in the U.S. market for the period. High-profitability stocks generally outperformed among large caps and underperformed among small caps.
JOHN HANCOCK MULTIFACTOR CONSUMER DISCRETIONARY ETF (JHMC)
On a net asset value (NAV) basis, the fund underperformed the Russell 1000 Consumer Discretionary Index, a cap-weighted benchmark we use as a proxy for the consumer discretionary sector of the U.S. stock market. The fund's greater emphasis on relatively lower total market-capitalization stocks detracted from relative performance, as mid caps underperformed large caps for the period. The fund's greater emphasis on low relative price (value) stocks also detracted from relative performance, as value stocks generally underperformed growth in the consumer discretionary sector.
Compared with the Russell 1000 Consumer Discretionary Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 139 names, and in absolute terms, the fund's largest industry exposures were to media and specialty retail.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in VF Corp. and Ross Stores, Inc. and decreased weights in Royal Caribbean Cruises, Ltd. and Tesla, Inc.
JOHN HANCOCK MULTIFACTOR CONSUMER STAPLES ETF (JHMS)
On a NAV basis, the fund outperformed the Russell 1000 Consumer Staples Index, a cap-weighted benchmark we use as a proxy for the consumer staples sector of the U.S. stock market. While mid caps generally underperformed in the broad U.S. market, mid caps outperformed in the consumer staples sector. Consequently, the fund's greater emphasis on relatively lower total market-capitalization stocks contributed positively to relative performance. Differences in sector definition between the fund and the benchmark also had a positive impact on relative performance. Conversely, the fund's greater emphasis on low relative price (value) stocks detracted from relative performance, as value stocks underperformed growth in the consumer staples sector.
Compared with the Russell 1000 Consumer Staples Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 54 names, and in absolute terms, the fund's largest industry exposures were to food products and food and beverages.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in The Kroger Company and Dr. Pepper Snapple Group, Inc. and decreased weights in Monster Beverage Corp. and Hormel Foods Corp.
JOHN HANCOCK MULTIFACTOR DEVELOPED INTERNATIONAL ETF (JHMD)
On a NAV basis, the fund outperformed the MSCI EAFE Index (gross dividends), a cap-weighted benchmark we use as a proxy for developed ex-U.S. stock markets. When compared to the MSCI EAFE Index, the fund's greater emphasis on relatively lower total market-capitalization stocks contributed positively to relative performance, as mid caps outperformed large caps in developed ex-U.S. markets for the period. The fund's greater emphasis on stocks with higher profitability detracted from relative performance, as these stocks in the ex-U.S. developed market generally underperformed for the period.
Compared with the MSCI EAFE Index, the fund ended the period with greater weights in low relative-price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 744 names, and in absolute terms, the fund's largest exposure was to the financials, industrials, and consumer discretionary sectors.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Vodafone Group PLC and Vonovia SE and decreased weights in Toyota Motor Corp. and Linde AG.
JOHN HANCOCK MULTIFACTOR ENERGY ETF (JHME)
On a NAV basis, the fund underperformed the Russell 1000 Energy Index, a cap-weighted benchmark we use as a proxy for the energy sector of the U.S. stock market. The fund's greater emphasis on relatively lower total market-capitalization stocks detracted from relative performance, as mid caps underperformed large caps for the period. Capping exposures at the issuer level also detracted from the fund's relative performance, as it limited exposure to certain securities that outperformed for the period. The fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks generally outperformed. The fund's greater emphasis on low relative price (value) stocks also benefited relative performance, as value stocks outperformed growth in the energy sector.
Compared with the Russell 1000 Energy Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 53 names, and in absolute terms, the fund's largest industry exposure was to oil, gas, and consumable fuels.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period Notable changes in composition for the period included increased weights in Anadarko Petroleum Corp. and Pioneer Natural Resources Company and decreased weights in Marathon Petroleum Corp. and Phillips 66.
JOHN HANCOCK MULTIFACTOR FINANCIALS ETF (JHMF)
On a NAV basis, the fund slightly underperformed the Russell 1000 Financial Services Index, a cap-weighted benchmark we use as a proxy for the financials sector of the U.S. stock market. The fund's greater emphasis on stocks with high profitability contributed positively to relative performance, as stocks with high profitability outperformed among large caps for the period. Conversely, The fund's greater emphasis on relatively lower total market-capitalization stocks detracted from relative performance, as mid caps generally underperformed large caps for the period. The fund generally excludes real estate investment trusts (REITs). This exclusion had a positive impact on the fund's relative performance, as REITs underperformed the overall benchmark.
Compared with the Russell 1000 Financial Services Index, the fund ended the period with greater weights in low relative price (value) stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 161 names, and in absolute terms, the fund's largest industry exposures were to banks and insurance.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Suntrust Banks, Inc. and Discover Financial Services and decreased weights in Citigroup, Inc. and The Progressive Corp.
JOHN HANCOCK MULTIFACTOR HEALTHCARE ETF (JHMH)
On a NAV basis, the fund underperformed the Russell 1000 Healthcare Index, a cap-weighted benchmark we use as a proxy for the healthcare sector of the U.S. stock market, for the period. The fund's greater emphasis on relatively lower total market-capitalization stocks detracted from relative performance, as mid caps generally underperformed large caps for the period. With low relative price (value) stocks generally underperforming high relative price (growth) stocks for the period, the fund's greater emphasis on value stocks also had a negative impact on relative performance. Capping exposures at the issuer level also detracted from the fund's relative performance, as it limited exposure to certain securities that outperformed for the period. The fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks generally outperformed.
Compared with the Russell 1000 Healthcare Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 101 names, and its greatest exposures at the industry level were to the healthcare providers and services and pharmaceuticals segments of the healthcare sector.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Gilead Sciences, Inc. and Pfizer, Inc. and decreased weights in Zoetis, Inc. and Incyte Corp.
JOHN HANCOCK MULTIFACTOR INDUSTRIALS ETF (JHMI)
On a NAV basis, the fund outperformed the Russell 1000 Producer Durables Index, a cap-weighted benchmark we use as a proxy for the industrials sector of the U.S. stock market. While mid caps generally underperformed in the broad U.S. market, mid caps outperformed in the industrials sector. Consequently, the fund's greater emphasis on relatively lower total market-capitalization stocks contributed positively to relative performance. Conversely, with low relative price (value) stocks generally underperforming high relative price (growth) stocks for the period, the fund's greater emphasis on value stocks detracted from relative performance.
Compared with the Russell 1000 Producer Durables Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 185 names, and in absolute terms, the fund's largest industry exposures were to machinery and aerospace and defense.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in General Electric Company and Nielsen Holdings PLC and decreased weights in Cummins, Inc. and TE Connectivity, Ltd.
JOHN HANCOCK MULTIFACTOR LARGE CAP ETF (JHML)
On a NAV basis, the fund underperformed the Russell 1000 Index, a cap-weighted benchmark we use as a proxy for the broad large-cap U.S. stock market. When compared to the Russell 1000 Index, the fund's greater emphasis on stocks with smaller total market capitalizations detracted from relative performance, as these stocks underperformed large caps for the period. With low relative price (value) stocks underperforming growth for the period, the fund's greater emphasis on value stocks also detracted slightly from relative performance. The fund's greater emphasis on stocks with higher profitability had a positive overall impact on relative performance.
The fund held 787 names. Compared with the Russell 1000 Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund's largest absolute exposures were to the information technology, financials, and healthcare sectors.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Cardinal Health, Inc. and Synchrony Financial and decreased weights in Microsoft Corp. and The Progressive Corp.
JOHN HANCOCK MULTIFACTOR MATERIALS ETF (JHMA)
On a NAV basis, the fund underperformed the Russell 1000 Materials and Processing Index, a cap-weighted benchmark we use as a proxy for the materials sector of the U.S. stock market. With mid caps generally underperforming large caps for the period, the fund's greater emphasis on relatively lower total market-capitalization stocks detracted from relative performance. The fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks generally outperformed.
Compared with the Russell 1000 Materials and Processing Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 42 names, and in absolute terms, the fund's largest industry exposures were to the chemicals and metals and mining segments of the materials sector.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Freeport-McMoRan, Inc. and PPG Industries, Inc. and decreased weights in FMC Corp. and Albemarle Corp.
JOHN HANCOCK MULTIFACTOR MID CAP ETF (JHMM)
On a NAV basis, the fund outperformed the Russell Midcap Index, a cap-weighted benchmark we use as a proxy for the broad mid-cap U.S. stock market. Compared with the Russell Midcap Index, our approach generally results in the fund maintaining greater allocations to securities with smaller total market capitalizations within the mid-cap portion of the market. This approach also maintains higher allocations to securities with a favorable combination of lower relative prices (in relation to book value) and higher profitability.
The fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as these stocks generally outperformed. The fund's greater emphasis on low relative price (value) stocks detracted from relative performance, as value stocks underperformed growth in the mid-cap segment of the market.
The fund held 694 names. Compared with the Russell Midcap Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund's largest absolute sector exposures were to the industrials, financials, and information technology sectors.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Mylan NV and Devon Energy Corp. and decreased weights in Lam Research Corp. and Analog Devices, Inc.
JOHN HANCOCK MULTIFACTOR TECHNOLOGY ETF (JHMT)
On a NAV basis, the fund underperformed the Russell 1000 Technology Index, a cap-weighted benchmark we use as a proxy for the information technology sector of the U.S. stock market. With low relative price (value) stocks generally underperforming high relative price (growth) stocks, the fund's greater emphasis on value stocks detracted from relative performance. Additionally, the fund's greater emphasis on relatively lower total market-capitalization stocks detracted from relative performance, as mid caps generally underperformed large caps for the period. The fund's greater emphasis on high profitability stocks contributed positively to relative performance, as high profitability stocks outperformed among large caps for the period.
Compared with the Russell Technology Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 123 names, and its largest absolute exposures were to the software and semiconductors and semiconductor equipment industries of the information technology sector.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in IBM Corp. and QUALCOMM, Inc. and decreased weights in Lam Research Corp. and Micron Technology, Inc.
JOHN HANCOCK MULTIFACTOR UTILITIES ETF (JHMU)
On a NAV basis, the fund outperformed the Russell 1000 Utilities Index, a cap-weighted benchmark we use as a proxy for the utilities sector of the U.S. stock market during the period. The fund holds companies involved in the provision of gas, electric, and water power, as well as energy trading or the provision of related infrastructure or services. The fund excludes stocks within telecommunication services, a sector that is included in the benchmark. The fund's lack of exposure to telecommunications securities contributed positively to relative performance, as those stocks generally underperformed for the period. The fund's greater emphasis on stocks with higher profitability detracted from relative performance, as higher-profitability stocks generally underperformed in the utilities sector.
Compared with the Russell 1000 Utilities Index, the fund ended the period with greater weights in low relative price stocks and in equities with smaller market capitalizations while emphasizing companies with higher profitability. The fund held 50 names, and in absolute terms, the fund's largest industry exposures were to the electric utilities and multi-utilities segments of the utilities sector.
Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in PG&E Corp. and Edison International and decreased weights in PPL Corp. and Exelon Corp.
A note about risks
Large company stocks could fall out of favor. The stock prices of midsize companies can change more frequently and dramatically than those of large companies. Value stocks may underperform other segments of the market. The value of a company's equity securities is subject to changes in the company's financial condition and overall market and economic conditions. Foreign investing has additional risks, such as currency and market volatility and political and social instability. Investments focused in one sector or industry may fluctuate more dramatically than investments in a wider variety of sectors or industries. Certain of the funds are nondiversified and may invest in a small number of issuers. Exchange-traded fund shares are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Due to various factors, shares may trade at a premium or discount to their NAV in the secondary market, and the fund's holdings and returns may deviate from those of its index. These variations may be greater when markets are volatile or subject to unusual market conditions. Errors in the construction or calculation of the fund's index may occur from time to time, which may cause tracking error. Brokerage commissions will reduce returns. There can be no assurance that active trading markets for the shares will develop or be maintained by market makers or authorized participants. Please see the fund's prospectus for additional risks.
A note about the performance shown on the following pages
Market performance is determined using the bid/ask midpoint at 4 P.M. Eastern time, when the NAV is typically calculated. Your returns may differ if you traded shares at other times during the day. The NAV is calculated by dividing the total value of all the securities in the fund's portfolio plus cash, interest, receivables, and other assets, minus any liabilities, by the number of fund shares outstanding.
The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Returns for periods shorter than one year are cumulative. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. For the most recent month-end performance, visit jhinvestments.com/etf.
MANAGED BY
Lukas J. Smart, CFA On the fund since inception Investing since 2003 | |
Joel P. Schneider On the fund since inception Investing since 2011 |
Multifactor Consumer Discretionary ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 14.75 | 7.44 | 1.40 | 16.21 | |
Market price | 14.71 | 7.44 | 1.13 | 16.21 | |
John Hancock Dimensional Consumer Discretionary Index2 | 15.33 | 7.98 | 1.65 | 17.43 | |
Russell 1000 Consumer Discretionary Index3 | 20.60 | 12.33 | 3.97 | 27.56 |
INDUSTRY COMPOSITION (%)
Media | 19.2 |
Specialty retail | 17.8 |
Hotels, restaurants and leisure | 16.8 |
Internet and direct marketing retail | 10.8 |
Household durables | 6.9 |
Textiles, apparel and luxury goods | 6.5 |
Multiline retail | 6.0 |
Auto components | 5.9 |
Automobiles | 4.8 |
Distributors | 1.9 |
Other | 3.4 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Consumer Discretionary ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Amazon.com, Inc. | 6.6 |
Comcast Corp., Class A | 4.1 |
The Home Depot, Inc. | 3.9 |
The Walt Disney Company | 2.9 |
McDonald's Corp. | 2.1 |
Delphi Automotive PLC | 1.9 |
Starbucks Corp. | 1.8 |
Ross Stores, Inc. | 1.7 |
Lowe's Companies, Inc. | 1.7 |
Dollar General Corp. | 1.6 |
TOTAL | 28.3 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,621.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 9-28-15. |
2 | The John Hancock Dimensional Consumer Discretionary Index is designed to comprise securities in the consumer discretionary sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The consumer discretionary sector is composed of companies in areas such as restaurants, media, consumer retail, leisure equipment and products, hotels, apparel, automobiles, and consumer durable goods. The U.S. universe is defined as a free float-adjusted market-capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Consumer Discretionary Index comprises securities classified in the consumer discretionary sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.07 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Consumer Staples ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 2.40 | 2.92 | -2.47 | 4.71 | |
Market price | 2.58 | 3.06 | -2.28 | 4.93 | |
John Hancock Dimensional Consumer Staples Index2 | 2.91 | 3.42 | -2.23 | 5.51 | |
Russell 1000 Consumer Staples Index3 | 1.52 | 2.70 | -3.83 | 4.35 |
INDUSTRY COMPOSITION (%)
Food products | 29.4 |
Beverages | 21.8 |
Food and staples retailing | 21.7 |
Household products | 13.8 |
Tobacco | 9.9 |
Personal products | 3.3 |
Short-term investments and other | 0.1 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Consumer Staples ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Wal-Mart Stores, Inc. | 6.4 |
The Coca-Cola Company | 6.2 |
PepsiCo, Inc. | 5.8 |
The Procter & Gamble Company | 5.7 |
Altria Group, Inc. | 5.0 |
Philip Morris International, Inc. | 4.9 |
Costco Wholesale Corp. | 3.5 |
CVS Health Corp. | 3.5 |
The Kroger Company | 3.1 |
Archer-Daniels-Midland Company | 2.7 |
TOTAL | 46.8 |
The value of a $10,000 investment calculated at market value from inception through period end would be $10,493.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 3-28-16. |
2 | The John Hancock Dimensional Consumer Staples Index is designed to comprise securities in the consumer staples sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The consumer staples sector is composed of companies involved in areas such as the production, manufacture, distribution or sale of food, beverages, tobacco, household goods, or personal products. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Consumer Staples Index comprises securities in the consumer staples sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.18 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Developed International ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
Since fund inception1 | 6-month | Since fund inception1 | |||
Net asset value | -- | 11.23 | 20.90 | ||
Market price | -- | 11.10 | 21.72 | ||
John Hancock Dimensional Developed International Index2 | -- | 11.68 | 21.86 | ||
MSCI EAFE (Gross) Index3 | -- | 10.99 | 21.55 |
SECTOR COMPOSITION (%)
Financials | 19.7 |
Industrials | 16.2 |
Consumer discretionary | 13.7 |
Materials | 11.0 |
Consumer staples | 8.0 |
Health care | 7.7 |
Telecommunication services | 5.5 |
Information technology | 5.3 |
Utilities | 4.7 |
Energy | 4.2 |
Other | 4.0 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Developed International ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Nestle SA | 1.1 |
HSBC Holdings PLC | 0.9 |
Novartis AG | 0.9 |
Toyota Motor Corp. | 0.8 |
Zurich Insurance Group AG | 0.7 |
BASF SE | 0.7 |
Nippon Telegraph & Telephone Corp. | 0.7 |
Roche Holding AG | 0.7 |
Daimler AG | 0.7 |
BHP Billiton, Ltd. | 0.7 |
TOTAL | 7.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,172.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 12-15-16. |
2 | The John Hancock Dimensional Developed International Index is designed to comprise securities of large-cap stocks in developed markets outside of North America. The index is reconstituted and rebalanced on a semiannual basis. |
3 | The MSCI Europe, Australasia, and Far East (EAFE) Index (gross of foreign withholding tax on dividends) comprises securities of publicly traded large- and mid-cap stocks of companies in those regions. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 0.68 |
Net (%) | 0.45 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Energy ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 1.47 | 7.24 | 0.91 | 11.81 | |
Market price | 1.45 | 7.24 | 0.74 | 11.80 | |
John Hancock Dimensional Energy Index2 | 1.98 | 7.76 | 1.16 | 12.69 | |
Russell 1000 Energy Index3 | 2.06 | 7.66 | 1.94 | 12.51 |
INDUSTRY COMPOSITION (%)
Oil, gas and consumable fuels | 86.2 |
Energy equipment and services | 11.6 |
Electric utilities | 1.4 |
Semiconductors and semiconductor equipment | 0.7 |
Short-term investments and other | 0.1 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Energy ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Exxon Mobil Corp. | 5.9 |
Chevron Corp. | 5.9 |
Marathon Petroleum Corp. | 5.3 |
Kinder Morgan, Inc. | 4.1 |
Valero Energy Corp. | 4.1 |
Anadarko Petroleum Corp. | 4.1 |
EOG Resources, Inc. | 4.0 |
Occidental Petroleum Corp. | 3.6 |
Andeavor | 3.6 |
The Williams Companies, Inc. | 3.5 |
TOTAL | 44.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,180.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 3-28-16. |
2 | The John Hancock Dimensional Energy Index is designed to comprise securities in the energy sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The energy sector is composed of companies involved in areas such as the production, distribution, or sale of alternative fuels, coal, electricity, natural gas, nuclear power, oil, and other forms of energy. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Energy Index comprises securities classified in the energy sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.15 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Financials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 33.95 | 18.89 | 12.28 | 43.65 | |
Market price | 34.00 | 18.93 | 12.35 | 43.73 | |
John Hancock Dimensional Financial Services Index2 | 34.64 | 19.47 | 12.57 | 45.12 | |
Russell 1000 Financial Services Index3 | 30.42 | 18.29 | 12.34 | 42.13 |
INDUSTRY COMPOSITION (%)
Banks | 34.5 |
Insurance | 24.2 |
Capital markets | 20.1 |
Consumer finance | 6.7 |
IT services | 6.2 |
Diversified financial services | 4.6 |
Real estate management and development | 1.2 |
Professional services | 0.8 |
Thrifts and mortgage finance | 0.8 |
Media | 0.4 |
Short-term investments and other | 0.5 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Financials ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Bank of America Corp. | 4.2 |
JPMorgan Chase & Co. | 4.1 |
Berkshire Hathaway, Inc., Class B | 3.9 |
Wells Fargo & Company | 3.7 |
Visa, Inc., Class A | 3.2 |
Citigroup, Inc. | 3.2 |
Mastercard, Inc., Class A | 2.3 |
Capital One Financial Corp. | 1.6 |
U.S. Bancorp | 1.5 |
The Goldman Sachs Group, Inc. | 1.5 |
TOTAL | 29.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $14,373.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 9-28-15. |
2 | The John Hancock Dimensional Financials Index is designed to comprise securities in the financials sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The financials sector is composed of companies in areas such as banking, savings and loans, insurance, consumer finance, investment brokerage, asset management, or other diverse financial services. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Financial Services Index comprises securities classified in the financial services sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 0.99 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Healthcare ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 22.30 | 10.38 | 6.51 | 22.97 | |
Market price | 22.42 | 10.44 | 6.44 | 23.11 | |
John Hancock Dimensional Healthcare Index2 | 22.93 | 10.90 | 6.78 | 24.18 | |
Russell 1000 Health Care Index3 | 22.81 | 11.08 | 8.10 | 24.61 |
INDUSTRY COMPOSITION (%)
Health care providers and services | 28.6 |
Pharmaceuticals | 23.5 |
Health care equipment and supplies | 22.5 |
Biotechnology | 19.3 |
Life sciences tools and services | 5.9 |
Commercial services and supplies | 0.2 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Healthcare ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Johnson & Johnson | 6.3 |
UnitedHealth Group, Inc. | 5.6 |
Pfizer, Inc. | 5.2 |
Amgen, Inc. | 3.7 |
Merck & Company, Inc. | 3.0 |
AbbVie, Inc. | 3.0 |
Gilead Sciences, Inc. | 2.6 |
Medtronic PLC | 2.3 |
Anthem, Inc. | 2.1 |
Cardinal Health, Inc. | 2.1 |
TOTAL | 35.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,311.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 9-28-15. |
2 | The John Hancock Dimensional Healthcare Index comprises securities in the healthcare sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The healthcare sector is composed of companies in areas such as the manufacture of healthcare equipment and supplies, biotechnology, home or long-term healthcare facilities, hospitals, pharmaceuticals, or the provision of basic healthcare services. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Health Care Index comprises securities classified in the health care sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.06 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Industrials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 29.30 | 21.38 | 11.01 | 36.28 | |
Market price | 29.31 | 21.40 | 11.21 | 36.32 | |
John Hancock Dimensional Industrials Index2 | 29.99 | 22.00 | 11.32 | 37.39 | |
Russell 1000 Producer Durables Index3 | 27.52 | 19.76 | 9.15 | 33.38 |
INDUSTRY COMPOSITION (%)
Machinery | 17.3 |
Aerospace and defense | 13.0 |
IT services | 11.8 |
Industrial conglomerates | 7.4 |
Electronic equipment, instruments and components | 6.2 |
Road and rail | 6.2 |
Airlines | 5.3 |
Electrical equipment | 4.8 |
Containers and packaging | 4.1 |
Air freight and logistics | 3.7 |
Other | 20.2 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Industrials ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
General Electric Company | 2.4 |
3M Company | 2.0 |
The Boeing Company | 1.8 |
Union Pacific Corp. | 1.6 |
Honeywell International, Inc. | 1.6 |
United Technologies Corp. | 1.5 |
Accenture PLC, Class A | 1.3 |
Caterpillar, Inc. | 1.3 |
Fiserv, Inc. | 1.3 |
PACCAR, Inc. | 1.3 |
TOTAL | 16.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,632.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 3-28-16. |
2 | The John Hancock Dimensional Industrials Index comprises securities in the industrials sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The industrials sector is composed of companies involved in areas such as aerospace and defense, construction and engineering, machinery, building products and equipment, road/rail/air/marine transportation and infrastructure, industrial trading and distribution, and related services. The U.S. universe is defined as a free float-adjusted market-capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Producer Durables Index comprises securities classified in the industrials sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.12 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Large Cap ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 23.42 | 16.42 | 8.57 | 37.46 | |
Market price | 22.38 | 16.41 | 8.53 | 37.44 | |
John Hancock Dimensional Large Cap Index2 | 23.87 | 16.79 | 8.76 | 38.39 | |
Russell 1000 Index3 | 23.67 | 16.78 | 8.99 | 38.37 |
SECTOR COMPOSITION (%)
Information technology | 21.5 |
Financials | 15.1 |
Health care | 12.8 |
Industrials | 12.5 |
Consumer discretionary | 12.5 |
Consumer staples | 6.8 |
Energy | 5.3 |
Utilities | 4.5 |
Materials | 4.1 |
Real estate | 3.5 |
Other | 1.4 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Large Cap ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Apple, Inc. | 2.8 |
Microsoft Corp. | 1.6 |
Alphabet, Inc., Class A | 1.3 |
JPMorgan Chase & Co. | 1.2 |
Exxon Mobil Corp. | 1.1 |
Johnson & Johnson | 1.0 |
Amazon.com, Inc. | 1.0 |
Berkshire Hathaway, Inc., Class B | 1.0 |
Intel Corp. | 0.8 |
Wells Fargo & Company | 0.8 |
TOTAL | 12.6 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,744.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 9-28-15. |
2 | The John Hancock Dimensional Large Cap Index is designed to comprise a subset of securities in the U.S. universe issued by companies whose market capitalizations are larger than that of the 801st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Index comprises 1000 publicly-traded large-cap companies in the United States. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 0.45 |
Net (%) | 0.35 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Materials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 29.93 | 22.86 | 11.32 | 38.93 | |
Market price | 29.93 | 22.88 | 11.08 | 38.96 | |
John Hancock Dimensional Materials Index2 | 30.49 | 23.41 | 11.51 | 39.93 | |
Russell 1000 Materials and Processing Index3 | 29.22 | 21.91 | 11.90 | 37.23 |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Materials ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
DowDuPont, Inc. | 6.1 |
International Paper Company | 5.9 |
Nucor Corp. | 5.5 |
Freeport-McMoRan, Inc. | 5.3 |
Monsanto Company | 5.1 |
Praxair, Inc. | 4.6 |
LyondellBasell Industries NV, Class A | 4.5 |
PPG Industries, Inc. | 4.5 |
Newmont Mining Corp. | 4.2 |
Eastman Chemical Company | 4.0 |
TOTAL | 49.7 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,896.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 3-28-16. |
2 | The John Hancock Dimensional Materials Index is designed to comprise securities in the materials sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The materials sector is composed of companies involved in areas such as chemicals, metals, paper products, containers and packaging, and construction materials. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Materials and Processing Index comprises securities classified in the materials sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.15 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Mid Cap ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 23.32 | 15.08 | 7.79 | 34.17 | |
Market price | 23.16 | 15.06 | 7.75 | 34.12 | |
John Hancock Dimensional Mid Cap Index2 | 23.87 | 15.60 | 8.04 | 35.45 | |
Russell Midcap Index3 | 21.09 | 14.32 | 7.22 | 32.34 |
SECTOR COMPOSITION (%)
Information technology | 18.6 |
Industrials | 16.6 |
Financials | 15.7 |
Consumer discretionary | 12.5 |
Health care | 10.0 |
Materials | 6.8 |
Real estate | 6.3 |
Utilities | 6.0 |
Energy | 3.6 |
Consumer staples | 3.5 |
Other | 0.4 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Mid Cap ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Western Digital Corp. | 0.5 |
Parker-Hannifin Corp. | 0.5 |
Fiserv, Inc. | 0.5 |
Amphenol Corp., Class A | 0.5 |
Rockwell Automation, Inc. | 0.4 |
Xcel Energy, Inc. | 0.4 |
Fifth Third Bancorp | 0.4 |
C.R. Bard, Inc. | 0.4 |
Stanley Black & Decker, Inc. | 0.4 |
Ally Financial, Inc. | 0.4 |
TOTAL | 4.4 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,412.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 9-28-15. |
2 | The John Hancock Dimensional Mid Cap Index is designed to comprise a subset of securities in the U.S. universe issued by companies whose market capitalizations are between the 200th and 951st largest U.S. companies at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell Midcap Index comprises approximately 800 publicly-traded mid-cap companies in the United States. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 0.61 |
Net (%) | 0.45 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Technology ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 37.28 | 27.86 | 17.05 | 67.26 | |
Market price | 37.33 | 27.90 | 17.11 | 67.38 | |
John Hancock Dimensional Technology Index2 | 37.83 | 28.39 | 17.35 | 68.72 | |
Russell 1000 Technology Index3 | 38.91 | 28.44 | 18.27 | 68.87 |
INDUSTRY COMPOSITION (%)
Software | 26.4 |
Semiconductors and semiconductor equipment | 25.9 |
Internet software and services | 15.9 |
Technology hardware, storage and peripherals | 10.8 |
Communications equipment | 8.3 |
IT services | 7.7 |
Electronic equipment, instruments and components | 2.7 |
Health care technology | 1.7 |
Household durables | 0.4 |
Health care providers and services | 0.1 |
Short-term investments and other | 0.1 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Technology ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Microsoft Corp. | 6.1 |
Facebook, Inc., Class A | 5.8 |
Apple, Inc. | 5.7 |
Intel Corp. | 5.1 |
Alphabet, Inc., Class A | 4.8 |
Cisco Systems, Inc. | 3.2 |
Oracle Corp. | 3.1 |
IBM Corp. | 2.6 |
Applied Materials, Inc. | 1.9 |
Texas Instruments, Inc. | 1.9 |
TOTAL | 40.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $16,738.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 9-28-15. |
2 | The John Hancock Dimensional Technology Index is designed to comprise securities in the technology sector within the U.S. Universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The technology sector is composed of companies in areas such as the creation, development or provision of software, hardware, internet services, database management, information technology consulting and services, data processing, or semi-conductors. The U.S. universe is defined as a free float-adjusted market-capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Technology Index comprises securities classified in the technology sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.00 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Utilities ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 15.62 | 11.44 | 7.93 | 18.89 | |
Market price | 15.57 | 11.43 | 7.91 | 18.88 | |
John Hancock Dimensional Utilities Index2 | 16.31 | 12.07 | 8.23 | 19.96 | |
Russell 1000 Utilities Index3 | 9.00 | 5.90 | 2.81 | 9.59 |
INDUSTRY COMPOSITION (%)
Electric utilities | 50.3 |
Multi-utilities | 33.8 |
Gas utilities | 6.4 |
Independent power and renewable electricity producers | 4.5 |
Water utilities | 2.8 |
Oil, gas and consumable fuels | 2.1 |
Short-term investments and other | 0.1 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Utilities ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Edison International | 5.6 |
Consolidated Edison, Inc. | 4.9 |
Public Service Enterprise Group, Inc. | 4.8 |
Exelon Corp. | 4.3 |
Xcel Energy, Inc. | 4.3 |
Dominion Energy, Inc. | 4.2 |
NextEra Energy, Inc. | 3.8 |
American Electric Power Company, Inc. | 3.7 |
Duke Energy Corp. | 3.3 |
Ameren Corp. | 3.3 |
TOTAL | 42.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,888.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund's total returns are reduced by operating expenses and management fees.
1 | From 3-28-16. |
2 | The John Hancock Dimensional Utilities Index is designed to comprise securities in the utilities sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The utilities sector is composed of companies involved in areas such as the provision of gas, electric, and water power, energy trading, or the provision of related infrastructure services. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
3 | The Russell 1000 Utilities Index comprises securities classified in the utilities sector of the Russell 1000 Index. |
4 | Listed holdings are a portion of the fund's total and may change at any time. They are not recommendations to buy or sell any security. Data is expressed as a percentage of net assets and excludes cash and cash equivalents. |
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights table in this report. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.18 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Premium/discount analysis
ETF shares are bought and sold through exchange trading at market price—not net asset value (NAV)—and are not individually redeemed from the fund. Due to various factors, shares may trade at a premium or discount to their NAV in the secondary market, and as a result you may pay more than NAV when you buy shares and receive less than NAV when you sell shares. Additionally, due to various factors, a fund's holdings and returns may deviate from those of its index. These variations may be greater when markets are volatile or subject to unusual conditions.
A premium exists when the closing market price is trading above NAV, while a discount indicates that the closing market price is trading below NAV. The differences are expressed as basis points, with one basis point equaling 1/100 of 1%.
The chart below presents information about the differences between a fund's daily closing market price and a fund's NAV. The closing market price is determined using the bid/ask midpoint as reported on the NYSE Arca, Inc., at 4 P.M. Eastern time, when the NAV is typically calculated.
Data presented represents past performance and cannot be used to predict future results.
PERIOD ENDED OCTOBER 31, 2017
Closing price below NAV | Closing price above or equal to NAV | |||||||
Basis point differential | Number of days | % of Total days | Number of days | % of Total days | ||||
Multifactor Consumer Discretionary ETF | ||||||||
0 - < 25 | 43 | 33.33% | 74 | 57.36% | ||||
25 - < 50 | 0 | 0.00% | 9 | 6.98% | ||||
50 - < 75 | 0 | 0.00% | 3 | 2.33% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 43 | 33.33% | 86 | 66.67% | ||||
Multifactor Consumer Staples ETF | ||||||||
0 - < 25 | 56 | 43.41% | 66 | 51.16% | ||||
25 - < 50 | 1 | 0.78% | 3 | 2.33% | ||||
50 - < 75 | 0 | 0.00% | 1 | 0.78% | ||||
75 - < 100 | 0 | 0.00% | 1 | 0.78% | ||||
100 or Above | 0 | 0.00% | 1 | 0.78% | ||||
Total | 57 | 44.19% | 72 | 55.81% | ||||
Multifactor Developed International ETF | ||||||||
0 - < 25 | 2 | 1.55% | 3 | 2.33% | ||||
25 - < 50 | 2 | 1.55% | 25 | 19.38% | ||||
50 - < 75 | 0 | 0.00% | 43 | 33.33% | ||||
75 - < 100 | 0 | 0.00% | 40 | 31.01% | ||||
100 or Above | 0 | 0.00% | 14 | 10.85% | ||||
Total | 4 | 3.10% | 125 | 96.90% | ||||
Multifactor Energy ETF | ||||||||
0 - < 25 | 65 | 50.39% | 64 | 49.61% | ||||
25 - < 50 | 0 | 0.00% | 0 | 0.00% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 65 | 50.39% | 64 | 49.61% | ||||
Multifactor Financials ETF | ||||||||
0 - < 25 | 48 | 37.21% | 81 | 62.79% | ||||
25 - < 50 | 0 | 0.00% | 0 | 0.00% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 48 | 37.21% | 81 | 62.79% |
PERIOD ENDED OCTOBER 31, 2017
Closing price below NAV | Closing price above or equal to NAV | |||||||
Basis point differential | Number of days | % of Total days | Number of days | % of Total days | ||||
Multifactor Healthcare ETF | ||||||||
0 - < 25 | 48 | 37.21% | 80 | 62.02% | ||||
25 - < 50 | 0 | 0.00% | 1 | 0.78% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 48 | 37.21% | 81 | 62.79% | ||||
Multifactor Industrials ETF | ||||||||
0 - < 25 | 75 | 58.14% | 50 | 38.76% | ||||
25 - < 50 | 4 | 3.10% | 0 | 0.00% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 79 | 61.24% | 50 | 38.76% | ||||
Multifactor Large Cap ETF | ||||||||
0 - < 25 | 39 | 30.23% | 90 | 69.77% | ||||
25 - < 50 | 0 | 0.00% | 0 | 0.00% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 39 | 30.23% | 90 | 69.77% | ||||
Multifactor Materials ETF | ||||||||
0 - < 25 | 61 | 47.29% | 68 | 52.71% | ||||
25 - < 50 | 0 | 0.00% | 0 | 0.00% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 61 | 47.29% | 68 | 52.71% | ||||
Multifactor Mid Cap ETF | ||||||||
0 - < 25 | 35 | 27.13% | 90 | 69.77% | ||||
25 - < 50 | 0 | 0.00% | 4 | 3.10% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 35 | 27.13% | 94 | 72.87% | ||||
Multifactor Technology ETF | ||||||||
0 - < 25 | 4 | 3.10% | 124 | 96.12% | ||||
25 - < 50 | 0 | 0.00% | 1 | 0.78% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 4 | 3.10% | 125 | 96.90% | ||||
Multifactor Utilities ETF | ||||||||
0 - < 25 | 53 | 41.09% | 74 | 57.36% | ||||
25 - < 50 | 0 | 0.00% | 1 | 0.78% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 1 | 0.78% | ||||
Total | 53 | 41.09% | 76 | 58.91% |
Your expenses
These examples are intended to help you understand your ongoing operating expenses of investing in a fund so you can compare these costs with the ongoing costs of investing in other funds.
Understanding fund expenses
As a shareholder of a fund, you incur two types of costs:
• | Transaction costs, which may include creation and redemption fees and brokerage charges. |
• | Ongoing operating expenses, including management fees and other fund expenses. |
We are presenting only your ongoing operating expenses here.
Actual expenses/actual returns
The first line in the table on the following page is intended to provide information about a fund's actual ongoing operating expenses, and is based on the fund's actual NAV return. It assumes an account value of $1,000.00 on May 1, 2017, with the same investment held until October 31, 2017.
Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2017, by $1,000.00, then multiply it by the "expenses paid" from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:
Hypothetical example for comparison purposes
The second line in the table on the following page allows you to compare a fund's ongoing operating expenses with those of any other fund. It provides an example of the fund's hypothetical account values and hypothetical expenses based on the fund's actual expense ratio and an assumed 5% annualized return before expenses (which is not the fund's actual return). It assumes an account value of $1,000.00 on May 1, 2017, with the same investment held until October 31, 2017. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Remember, these examples do not include any transaction costs. A fund charges a transaction fee per creation unit to those creating or redeeming creation units, and those buying or selling shares in the secondary market will incur customary brokerage commissions and charges. Therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.
SHAREHOLDER EXPENSE EXAMPLE CHART
Account value on 5-1-2017 | Ending value on 10-31-2017 | Expenses paid during period ended 10-31-20171 | Annualized expense ratio | |
Multifactor Consumer Discretionary ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,014.00 | $2.54 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Consumer Staples ETF | ||||
Actual expenses/actual returns | $1,000.00 | $975.30 | $2.49 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Developed International ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,112.30 | $2.40 | 0.45% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.90 | 2.29 | 0.45% |
Multifactor Energy ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,009.10 | $2.53 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Financials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,122.80 | $2.68 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Healthcare ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,065.10 | $2.60 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Industrials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,110.10 | $2.66 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Large Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,085.70 | $1.84 | 0.35% |
Hypothetical example for comparison purposes | 1,000.00 | 1,023.40 | 1.79 | 0.35% |
Multifactor Materials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,113.20 | $2.66 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Mid Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,077.90 | $2.36 | 0.45% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.90 | 2.29 | 0.45% |
Multifactor Technology ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,170.50 | $2.74 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Utilities ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,079.30 | $2.62 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
1 | Expenses are equal to the funds' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). |
Funds' investments |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $33,930,858 | |
(Cost $31,231,754) | ||
Consumer discretionary – 99.9% | 33,930,858 | |
Auto components – 5.9% | ||
Adient PLC | 1,640 | 138,350 |
Autoliv, Inc. | 2,033 | 253,840 |
BorgWarner, Inc. | 4,337 | 228,647 |
Delphi Automotive PLC | 6,477 | 643,684 |
Gentex Corp. | 6,349 | 123,234 |
Lear Corp. | 1,971 | 346,088 |
The Goodyear Tire & Rubber Company | 7,022 | 214,803 |
Visteon Corp. (A) | 406 | 51,172 |
Automobiles – 4.8% | ||
Ford Motor Company | 43,547 | 534,322 |
General Motors Company | 11,948 | 513,525 |
Harley-Davidson, Inc. (B) | 4,457 | 210,994 |
Tesla, Inc. (A) | 675 | 223,783 |
Thor Industries, Inc. | 1,032 | 140,579 |
Distributors – 1.9% | ||
Genuine Parts Company | 2,999 | 264,602 |
LKQ Corp. (A) | 6,588 | 248,302 |
Pool Corp. | 944 | 114,016 |
Diversified consumer services – 1.6% | ||
Bright Horizons Family Solutions, Inc. (A) | 843 | 72,751 |
Grand Canyon Education, Inc. (A) | 510 | 45,650 |
H&R Block, Inc. | 4,387 | 108,534 |
Service Corp. International | 4,992 | 177,016 |
ServiceMaster Global Holdings, Inc. (A) | 3,178 | 149,716 |
Hotels, restaurants and leisure – 16.8% | ||
Aramark | 6,362 | 277,956 |
Carnival Corp. | 3,915 | 259,917 |
Chipotle Mexican Grill, Inc. (A) | 454 | 123,443 |
Cracker Barrel Old Country Store, Inc. (B) | 568 | 88,682 |
Darden Restaurants, Inc. | 2,646 | 217,686 |
Domino's Pizza, Inc. | 792 | 144,936 |
Dunkin' Brands Group, Inc. | 2,010 | 118,731 |
Extended Stay America, Inc. | 3,220 | 63,820 |
Hilton Grand Vacations, Inc. (A) | 996 | 40,796 |
Hilton Worldwide Holdings, Inc. | 4,325 | 312,611 |
Hyatt Hotels Corp., Class A (A) | 776 | 48,624 |
International Game Technology PLC | 2,413 | 56,706 |
Las Vegas Sands Corp. | 4,196 | 265,942 |
Marriott International, Inc., Class A | 2,795 | 333,947 |
McDonald's Corp. | 4,325 | 721,886 |
MGM Resorts International | 11,286 | 353,816 |
Norwegian Cruise Line Holdings, Ltd. (A) | 3,988 | 222,331 |
Royal Caribbean Cruises, Ltd. | 1,955 | 241,969 |
Six Flags Entertainment Corp. | 1,600 | 100,464 |
Starbucks Corp. | 11,191 | 613,714 |
The Wendy's Company | 3,969 | 60,368 |
Vail Resorts, Inc. | 762 | 174,513 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Wyndham Worldwide Corp. | 2,740 | $292,769 |
Wynn Resorts, Ltd. | 1,458 | 215,040 |
Yum! Brands, Inc. | 4,850 | 361,083 |
Household durables – 6.9% | ||
CalAtlantic Group, Inc. | 1,317 | 64,981 |
D.R. Horton, Inc. | 6,993 | 309,161 |
Leggett & Platt, Inc. | 2,855 | 134,927 |
Lennar Corp., A Shares | 3,893 | 216,723 |
Lennar Corp., B Shares | 177 | 8,487 |
Mohawk Industries, Inc. (A) | 1,226 | 320,918 |
Newell Brands, Inc. | 9,130 | 372,321 |
NVR, Inc. (A) | 87 | 285,479 |
PulteGroup, Inc. | 6,113 | 184,796 |
Toll Brothers, Inc. | 3,032 | 139,593 |
Whirlpool Corp. | 1,779 | 291,631 |
Internet and direct marketing retail – 10.8% | ||
Amazon.com, Inc. (A) | 2,032 | 2,245,929 |
Expedia, Inc. | 2,183 | 272,133 |
Liberty Interactive Corp., Series A (A) | 9,421 | 214,045 |
Netflix, Inc. (A) | 1,764 | 346,503 |
The Priceline Group, Inc. (A) | 263 | 502,845 |
TripAdvisor, Inc. (A)(B) | 1,899 | 71,213 |
Wayfair, Inc., Class A (A) | 339 | 23,696 |
Leisure products – 1.7% | ||
Brunswick Corp. | 1,973 | 99,932 |
Hasbro, Inc. | 2,477 | 229,345 |
Mattel, Inc. (B) | 6,462 | 91,243 |
Polaris Industries, Inc. (B) | 1,369 | 162,131 |
Media – 19.2% | ||
AMC Networks, Inc., Class A (A) | 1,060 | 53,933 |
Cable One, Inc. | 89 | 63,173 |
CBS Corp., Class B | 7,600 | 426,512 |
Charter Communications, Inc., Class A (A) | 1,449 | 484,212 |
Cinemark Holdings, Inc. | 2,759 | 100,262 |
Comcast Corp., Class A | 39,103 | 1,408,881 |
Discovery Communications, Inc., Series A (A)(B) | 4,341 | 81,958 |
Discovery Communications, Inc., Series C (A) | 3,886 | 69,210 |
DISH Network Corp., Class A (A) | 4,053 | 196,733 |
Liberty Media Corp.-Liberty Formula One, Series A (A) | 380 | 13,832 |
Liberty Media Corp.-Liberty Formula One, Series C (A) | 3,077 | 117,357 |
Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 2,554 | 106,527 |
Lions Gate Entertainment Corp., Class A (A) | 949 | 27,540 |
Lions Gate Entertainment Corp., Class B (A) | 1,898 | 52,499 |
Live Nation Entertainment, Inc. (A) | 2,710 | 118,644 |
News Corp., Class A | 7,522 | 102,751 |
News Corp., Class B | 2,368 | 32,915 |
Omnicom Group, Inc. | 6,188 | 415,772 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 25 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Media (continued) | ||
Scripps Networks Interactive, Inc., Class A | 2,113 | $175,971 |
Sirius XM Holdings, Inc. (B) | 27,742 | 150,916 |
The Interpublic Group of Companies, Inc. | 8,654 | 166,590 |
The Madison Square Garden Company, Class A (A) | 427 | 95,089 |
The Walt Disney Company | 10,229 | 1,000,498 |
Time Warner, Inc. | 4,821 | 473,856 |
Twenty-First Century Fox, Inc., Class A | 10,197 | 266,652 |
Twenty-First Century Fox, Inc., Class B | 3,728 | 94,878 |
Viacom, Inc., Class A (B) | 204 | 6,130 |
Viacom, Inc., Class B | 9,592 | 230,496 |
Multiline retail – 6.0% | ||
Dollar General Corp. | 6,643 | 537,020 |
Dollar Tree, Inc. (A) | 5,642 | 514,833 |
Kohl's Corp. | 4,954 | 206,879 |
Macy's, Inc. | 9,229 | 173,136 |
Nordstrom, Inc. (B) | 3,514 | 139,330 |
Target Corp. | 7,997 | 472,143 |
Specialty retail – 17.8% | ||
Advance Auto Parts, Inc. | 1,508 | 123,264 |
AutoNation, Inc. (A)(B) | 1,815 | 86,031 |
AutoZone, Inc. (A) | 437 | 257,612 |
Bed Bath & Beyond, Inc. | 4,315 | 85,869 |
Best Buy Company, Inc. | 6,475 | 362,471 |
Burlington Stores, Inc. (A) | 1,338 | 125,625 |
CarMax, Inc. (A) | 3,909 | 293,566 |
Foot Locker, Inc. | 3,455 | 103,926 |
L Brands, Inc. | 3,634 | 156,407 |
Lowe's Companies, Inc. | 7,074 | 565,566 |
O'Reilly Automotive, Inc. (A) | 2,002 | 422,322 |
Penske Automotive Group, Inc. | 845 | 39,394 |
Ross Stores, Inc. | 9,017 | 572,489 |
Signet Jewelers, Ltd. (B) | 1,250 | 81,963 |
The Gap, Inc. | 6,368 | 165,504 |
The Home Depot, Inc. | 7,948 | 1,317,619 |
The Michaels Companies, Inc. (A) | 1,685 | 32,723 |
The TJX Companies, Inc. | 6,595 | 460,331 |
Tiffany & Company | 2,421 | 226,654 |
Tractor Supply Company | 3,122 | 188,132 |
Ulta Beauty, Inc. (A) | 1,216 | 245,377 |
Williams-Sonoma, Inc. (B) | 2,255 | 116,358 |
Textiles, apparel and luxury goods – 6.5% | ||
Carter's, Inc. | 1,157 | 111,917 |
Columbia Sportswear Company | 553 | 34,496 |
Hanesbrands, Inc. (B) | 8,729 | 196,403 |
Lululemon Athletica, Inc. (A) | 1,780 | 109,488 |
Michael Kors Holdings, Ltd. (A) | 4,010 | 195,728 |
NIKE, Inc., Class B | 9,092 | 499,969 |
PVH Corp. | 1,552 | 196,809 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods (continued) | ||
Ralph Lauren Corp. | 1,375 | $122,966 |
Skechers U.S.A., Inc., Class A (A) | 2,282 | 72,841 |
Tapestry, Inc. | 5,823 | 238,452 |
Under Armour, Inc., Class A (A)(B) | 2,257 | 28,258 |
Under Armour, Inc., Class C (A)(B) | 2,273 | 26,208 |
VF Corp. | 5,565 | 387,602 |
SECURITIES LENDING COLLATERAL – 3.4% | $1,139,647 | |
(Cost $1,139,685) | ||
John Hancock Collateral Trust, 1.1946% (C)(D) | 113,901 | 1,139,647 |
SHORT-TERM INVESTMENTS – 0.1% | $30,884 | |
(Cost $30,884) | ||
Money market funds – 0.1% | 30,884 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (C) | 30,884 | 30,884 |
Total investments (Multifactor Consumer Discretionary ETF) (Cost $32,402,323) 103.4% | $35,101,389 | |
Other assets and liabilities, net (3.4%) | (1,142,829) | |
Total net assets 100.0% | $33,958,560 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 10-31-17. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $20,440,513 | |
(Cost $21,069,545) | ||
Consumer staples – 99.9% | 20,440,513 | |
Beverages – 21.8% | ||
Brown-Forman Corp., Class A | 2,038 | 116,839 |
Brown-Forman Corp., Class B | 4,386 | 250,090 |
Constellation Brands, Inc., Class A | 2,016 | 441,685 |
Dr. Pepper Snapple Group, Inc. | 5,353 | 458,538 |
Molson Coors Brewing Company, Class B | 5,775 | 467,024 |
Monster Beverage Corp. (A) | 4,665 | 270,243 |
PepsiCo, Inc. | 10,786 | 1,188,941 |
The Coca-Cola Company | 27,407 | 1,260,174 |
Food and staples retailing – 21.7% | ||
Casey's General Stores, Inc. (B) | 1,314 | 150,545 |
Costco Wholesale Corp. | 4,492 | 723,571 |
CVS Health Corp. | 10,346 | 709,011 |
Sysco Corp. | 6,413 | 356,691 |
26 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Food and staples retailing (continued) | ||
The Kroger Company | 30,979 | $641,265 |
US Foods Holding Corp. (A) | 3,953 | 107,838 |
Walgreens Boots Alliance, Inc. | 6,858 | 454,480 |
Wal-Mart Stores, Inc. | 14,928 | 1,303,364 |
Food products – 29.4% | ||
Archer-Daniels-Midland Company | 13,431 | 548,925 |
Blue Buffalo Pet Products, Inc. (A)(B) | 2,304 | 66,655 |
Bunge, Ltd. | 3,445 | 236,947 |
Campbell Soup Company | 5,190 | 245,850 |
Conagra Brands, Inc. | 8,830 | 301,633 |
Flowers Foods, Inc. | 5,079 | 96,653 |
General Mills, Inc. | 8,548 | 443,812 |
Hormel Foods Corp. | 6,858 | 213,695 |
Ingredion, Inc. | 2,125 | 266,369 |
Kellogg Company | 6,474 | 404,819 |
Lamb Weston Holdings, Inc. | 2,735 | 139,458 |
McCormick & Company, Inc. | 3,412 | 339,596 |
Mondelez International, Inc., Class A | 12,009 | 497,533 |
Pilgrim's Pride Corp. (A)(B) | 2,077 | 66,007 |
Pinnacle Foods, Inc. | 2,746 | 149,437 |
Post Holdings, Inc. (A) | 1,686 | 139,820 |
Seaboard Corp. | 8 | 35,201 |
Snyder's-Lance, Inc. | 1,606 | 60,434 |
The Hain Celestial Group, Inc. (A) | 2,453 | 88,357 |
The Hershey Company | 3,446 | 365,896 |
The J.M. Smucker Company | 2,717 | 288,138 |
The Kraft Heinz Company | 4,852 | 375,205 |
TreeHouse Foods, Inc. (A) | 1,360 | 90,277 |
Tyson Foods, Inc., Class A | 7,474 | 544,929 |
Household products – 13.8% | ||
Church & Dwight Company, Inc. | 7,333 | 331,232 |
Colgate-Palmolive Company | 5,493 | 386,982 |
Kimberly-Clark Corp. | 4,220 | 474,792 |
Spectrum Brands Holdings, Inc. (B) | 673 | 73,976 |
The Clorox Company | 3,086 | 390,472 |
The Procter & Gamble Company | 13,530 | 1,168,180 |
Personal products – 3.3% | ||
Coty, Inc., Class A | 9,016 | 138,846 |
Edgewell Personal Care Company (A) | 1,568 | 101,810 |
Herbalife, Ltd. (A) | 1,685 | 122,294 |
The Estee Lauder Companies, Inc., Class A | 2,821 | 315,416 |
Tobacco – 9.9% | ||
Altria Group, Inc. | 15,949 | 1,024,245 |
Philip Morris International, Inc. | 9,617 | 1,006,323 |
SECURITIES LENDING COLLATERAL – 1.6% | $327,897 | |
(Cost $327,908) | ||
John Hancock Collateral Trust, 1.1946% (C)(D) | 32,771 | 327,897 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.0% | $9,926 | |
(Cost $9,926) | ||
Money market funds – 0.0% | $9,926 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (C) | 9,926 | 9,926 |
Total investments (Multifactor Consumer Staples ETF) (Cost $21,407,379) 101.5% | $20,778,336 | |
Other assets and liabilities, net (1.5%) | (317,048) | |
Total net assets 100.0% | $20,461,288 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 10-31-17. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS - 98.8% | $52,888,100 | |
(Cost $47,731,438) | ||
Australia - 6.8% | 3,642,046 | |
AGL Energy, Ltd. | 884 | 17,128 |
Amcor, Ltd. | 3,958 | 48,071 |
AMP, Ltd. | 34,751 | 132,427 |
APA Group | 3,967 | 26,037 |
Aristocrat Leisure, Ltd. | 4,076 | 73,600 |
ASX, Ltd. | 1,036 | 42,879 |
Aurizon Holdings, Ltd. | 16,459 | 65,371 |
Australia & New Zealand Banking Group, Ltd. | 7,330 | 168,159 |
BHP Billiton PLC | 10,907 | 197,339 |
BHP Billiton, Ltd. | 17,514 | 356,402 |
Boral, Ltd. | 4,944 | 27,104 |
Brambles, Ltd. | 5,080 | 36,848 |
Caltex Australia, Ltd. | 1,559 | 40,953 |
CIMIC Group, Ltd. | 738 | 27,359 |
Cochlear, Ltd. | 410 | 55,304 |
Commonwealth Bank of Australia | 4,395 | 261,603 |
Computershare, Ltd. | 2,802 | 33,473 |
Crown Resorts, Ltd. (A) | 2,742 | 24,409 |
CSL, Ltd. | 1,509 | 160,746 |
Dexus | 2,948 | 22,084 |
Fortescue Metals Group, Ltd. (A) | 13,398 | 47,666 |
Goodman Group | 5,370 | 34,422 |
Insurance Australia Group, Ltd. | 11,830 | 59,503 |
LendLease Group | 4,859 | 60,393 |
Macquarie Group, Ltd. | 1,274 | 96,072 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 27 |
Shares or Principal Amount | Value | |
Australia (continued) | ||
Medibank Pvt., Ltd. | 20,969 | $49,359 |
Mirvac Group | 11,383 | 21,034 |
National Australia Bank, Ltd. | 6,584 | 164,877 |
Newcrest Mining, Ltd. | 2,584 | 44,401 |
Oil Search, Ltd. (A) | 9,949 | 56,298 |
Origin Energy, Ltd. (B) | 13,916 | 84,721 |
Qantas Airways, Ltd. | 12,927 | 60,957 |
QBE Insurance Group, Ltd. | 7,984 | 65,380 |
Ramsay Health Care, Ltd. | 781 | 40,068 |
REA Group, Ltd. | 393 | 21,780 |
Santos, Ltd. (B) | 11,780 | 40,645 |
Scentre Group | 6,258 | 19,289 |
Sonic Healthcare, Ltd. | 1,950 | 32,550 |
South32, Ltd. | 17,776 | 45,932 |
Stockland | 9,010 | 31,226 |
Suncorp Group, Ltd. | 4,417 | 45,992 |
Sydney Airport | 7,701 | 41,983 |
Telstra Corp., Ltd. (A) | 40,279 | 109,329 |
The GPT Group | 5,826 | 22,737 |
Transurban Group | 3,815 | 35,482 |
Treasury Wine Estates, Ltd. | 2,544 | 30,527 |
Vicinity Centres | 8,958 | 18,202 |
Wesfarmers, Ltd. | 1,582 | 50,703 |
Westfield Corp. | 2,985 | 17,784 |
Westpac Banking Corp. | 9,412 | 238,077 |
Woodside Petroleum, Ltd. | 2,589 | 61,003 |
Woolworths, Ltd. | 3,848 | 76,358 |
Austria - 0.2% | 116,294 | |
ANDRITZ AG | 249 | 14,080 |
Erste Group Bank AG (B) | 1,027 | 44,135 |
OMV AG | 321 | 19,288 |
Raiffeisen Bank International AG (B) | 328 | 11,429 |
Telekom Austria AG (B) | 137 | 1,285 |
Verbund AG | 165 | 4,011 |
voestalpine AG | 401 | 22,066 |
Belgium - 1.5% | 785,724 | |
Ackermans & van Haaren NV | 218 | 37,345 |
Ageas | 2,034 | 98,678 |
Anheuser-Busch InBev SA | 1,954 | 239,127 |
bpost SA | 427 | 12,045 |
Colruyt SA | 707 | 36,165 |
KBC Group NV | 1,214 | 100,850 |
Proximus SADP | 1,281 | 42,546 |
Solvay SA | 634 | 94,206 |
Telenet Group Holding NV (B) | 135 | 9,339 |
UCB SA | 721 | 52,487 |
Umicore SA | 1,408 | 62,936 |
Chile - 0.1% | 38,153 | |
Antofagasta PLC | 3,010 | 38,153 |
Shares or Principal Amount | Value | |
Denmark - 1.8% | $971,143 | |
A.P. Moller - Maersk A/S, Series A | 15 | 27,804 |
A.P. Moller - Maersk A/S, Series B | 14 | 26,893 |
Carlsberg A/S, Class B | 366 | 41,799 |
Chr. Hansen Holding A/S | 669 | 58,546 |
Coloplast A/S, B Shares | 270 | 23,755 |
Danske Bank A/S | 1,635 | 62,379 |
DSV A/S | 1,449 | 112,062 |
Genmab A/S (B) | 193 | 38,977 |
H Lundbeck A/S | 477 | 28,347 |
ISS A/S | 765 | 32,384 |
Novo Nordisk A/S, B Shares | 4,514 | 224,583 |
Novozymes A/S, B Shares | 2,635 | 145,536 |
Orsted A/S (C) | 287 | 16,085 |
Pandora A/S (A) | 374 | 35,306 |
Vestas Wind Systems A/S | 1,096 | 96,687 |
Finland - 1.2% | 618,725 | |
Elisa OYJ | 1,089 | 43,882 |
Fortum OYJ | 1,394 | 29,604 |
Kesko OYJ, B Shares | 115 | 5,875 |
Kone OYJ, Class B | 1,169 | 63,284 |
Neste OYJ | 680 | 37,889 |
Nokia OYJ | 9,966 | 48,947 |
Nokian Renkaat OYJ | 868 | 39,810 |
Orion OYJ, Class A | 128 | 5,250 |
Orion OYJ, Class B | 749 | 30,714 |
Sampo OYJ, A Shares | 864 | 45,273 |
Stora Enso OYJ, R Shares | 9,387 | 146,862 |
UPM-Kymmene OYJ | 2,946 | 88,544 |
Wartsila OYJ ABP | 509 | 32,791 |
France - 9.9% | 5,327,903 | |
Aeroports de Paris | 128 | 21,562 |
Air Liquide SA | 1,441 | 183,481 |
Airbus SE | 1,321 | 135,038 |
Atos SE | 407 | 63,250 |
AXA SA | 5,943 | 179,521 |
BNP Paribas SA | 2,770 | 216,332 |
Bouygues SA | 3,680 | 176,689 |
Capgemini SE | 1,033 | 125,574 |
Carrefour SA | 5,062 | 101,900 |
Cie de Saint-Gobain | 3,819 | 224,049 |
Cie Generale des Etablissements Michelin | 1,830 | 264,777 |
CNP Assurances | 717 | 16,685 |
Credit Agricole SA | 3,909 | 68,216 |
Danone SA | 1,433 | 117,090 |
Dassault Systemes SA | 995 | 105,677 |
Electricite de France SA | 4,330 | 56,697 |
Engie SA (A) | 8,258 | 139,588 |
Essilor International SA | 720 | 91,174 |
Hermes International | 57 | 29,585 |
Iliad SA | 192 | 47,944 |
28 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
France (continued) | ||
Kering | 103 | $47,216 |
Legrand SA | 2,147 | 159,498 |
L'Oreal SA | 552 | 122,855 |
LVMH Moet Hennessy Louis Vuitton SE | 814 | 242,852 |
Natixis SA | 7,269 | 57,007 |
Orange SA | 14,533 | 238,462 |
Pernod Ricard SA | 241 | 36,147 |
Peugeot SA | 7,945 | 188,489 |
Publicis Groupe SA | 1,448 | 94,396 |
Renault SA | 1,979 | 196,285 |
Safran SA | 1,071 | 112,826 |
Sanofi | 2,386 | 225,951 |
Schneider Electric SE (B) | 743 | 65,306 |
Societe Generale SA | 2,436 | 135,648 |
Sodexo SA | 766 | 97,489 |
Thales SA | 824 | 85,894 |
TOTAL SA | 6,197 | 345,583 |
Unibail-Rodamco SE | 318 | 79,592 |
Valeo SA | 1,651 | 111,746 |
Vinci SA (A) | 1,700 | 166,454 |
Vivendi SA | 6,174 | 153,378 |
Germany - 9.6% | 5,127,999 | |
adidas AG | 511 | 113,730 |
Allianz SE | 1,267 | 294,239 |
BASF SE | 3,635 | 396,443 |
Bayer AG | 2,270 | 295,384 |
Bayerische Motoren Werke AG | 2,096 | 213,652 |
Beiersdorf AG | 541 | 60,692 |
Commerzbank AG (B) | 4,566 | 62,580 |
Continental AG | 379 | 96,206 |
Covestro AG (C) | 693 | 66,490 |
Daimler AG | 4,319 | 358,690 |
Deutsche Bank AG | 13,375 | 217,358 |
Deutsche Boerse AG | 404 | 41,736 |
Deutsche Post AG | 2,296 | 105,170 |
Deutsche Telekom AG | 10,560 | 192,401 |
Deutsche Wohnen SE | 5,246 | 223,461 |
E.ON SE | 21,492 | 253,626 |
Evonik Industries AG | 1,885 | 68,689 |
Fresenius Medical Care AG & Company KGaA | 1,143 | 110,544 |
Fresenius SE & Company KGaA | 1,406 | 117,455 |
Hannover Rueck SE | 460 | 57,687 |
HeidelbergCement AG | 1,360 | 138,582 |
Henkel AG & Company KGaA | 163 | 20,546 |
Infineon Technologies AG | 5,642 | 154,490 |
Innogy SE (C) | 1,535 | 71,439 |
Linde AG (B) | 644 | 138,755 |
MAN SE | 190 | 21,001 |
Merck KGaA | 179 | 19,161 |
Shares or Principal Amount | Value | |
Germany (continued) | ||
Muenchener Rueckversicherungs-Gesellschaft AG | 1,103 | $246,773 |
RWE AG | 4,855 | 121,374 |
SAP SE | 1,323 | 150,516 |
Siemens AG | 1,552 | 221,480 |
Telefonica Deutschland Holding AG | 5,283 | 26,852 |
thyssenkrupp AG | 3,495 | 93,258 |
TUI AG | 3,124 | 56,420 |
Volkswagen AG | 187 | 34,725 |
Vonovia SE | 6,056 | 266,394 |
Hong Kong - 3.2% | 1,708,559 | |
AIA Group, Ltd. | 22,802 | 171,560 |
BOC Hong Kong Holdings, Ltd. | 13,295 | 63,307 |
Cathay Pacific Airways, Ltd. (B) | 9,289 | 15,883 |
Chow Tai Fook Jewellery Group, Ltd. | 11,826 | 12,354 |
CK Asset Holdings, Ltd. | 8,896 | 73,147 |
CK Hutchison Holdings, Ltd. | 9,273 | 117,728 |
CK Infrastructure Holdings, Ltd. | 1,429 | 12,437 |
CLP Holdings, Ltd. | 6,571 | 66,832 |
Dairy Farm International Holdings, Ltd. | 800 | 6,544 |
Galaxy Entertainment Group, Ltd. | 7,641 | 52,006 |
Hang Lung Properties, Ltd. | 17,522 | 40,246 |
Hang Seng Bank, Ltd. | 1,689 | 39,985 |
Henderson Land Development Company, Ltd. | 3,733 | 24,331 |
HK Electric Investments & HK Electric Investments, Ltd. (C) | 31,290 | 28,796 |
HKT Trust & HKT, Ltd. | 37,337 | 45,608 |
Hong Kong & China Gas Company, Ltd. | 11,533 | 21,849 |
Hong Kong Exchanges & Clearing, Ltd. | 4,108 | 114,366 |
Hongkong Land Holdings, Ltd. | 1,800 | 13,050 |
I-CABLE Communications, Ltd. (B) | 3,412 | 107 |
Kingston Financial Group, Ltd. | 20,124 | 15,528 |
Link REIT | 6,526 | 54,831 |
MTR Corp., Ltd. | 5,240 | 30,358 |
New World Development Company, Ltd. | 66,876 | 99,605 |
NWS Holdings, Ltd. | 16,001 | 32,364 |
Power Assets Holdings, Ltd. | 7,573 | 65,618 |
Shangri-La Asia, Ltd. | 4,000 | 7,957 |
Sino Land Company, Ltd. | 34,548 | 59,515 |
Sun Hung Kai Properties, Ltd. | 4,162 | 68,070 |
Swire Pacific, Ltd., Class A | 3,865 | 38,170 |
Swire Pacific, Ltd., Class B | 5,628 | 9,724 |
Swire Properties, Ltd. | 7,601 | 25,672 |
Techtronic Industries Company, Ltd. | 10,433 | 61,179 |
The Bank of East Asia, Ltd. | 14,953 | 65,548 |
The Wharf Holdings, Ltd. | 3,992 | 36,303 |
Wheelock & Company, Ltd. | 10,075 | 70,121 |
Yue Yuen Industrial Holdings, Ltd. | 12,488 | 47,860 |
Ireland - 0.8% | 410,688 | |
Bank of Ireland Group PLC (B) | 3,185 | 24,963 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 29 |
Shares or Principal Amount | Value | |
Ireland (continued) | ||
CRH PLC | 2,715 | $102,381 |
DCC PLC | 469 | 44,469 |
James Hardie Industries PLC | 1,214 | 18,514 |
Kerry Group PLC, Class A | 513 | 51,664 |
Kingspan Group PLC | 604 | 25,260 |
Paddy Power Betfair PLC | 179 | 18,309 |
Shire PLC | 1,430 | 70,661 |
Smurfit Kappa Group PLC | 1,826 | 54,467 |
Israel - 0.3% | 135,541 | |
Azrieli Group, Ltd. | 60 | 3,386 |
Bank Hapoalim BM | 2,629 | 18,609 |
Bank Leumi Le-Israel BM | 6,483 | 35,854 |
Bezeq The Israeli Telecommunication Corp., Ltd. | 7,071 | 10,561 |
Check Point Software Technologies, Ltd. (B) | 112 | 13,184 |
Elbit Systems, Ltd. | 37 | 5,486 |
Israel Chemicals, Ltd. | 1,136 | 4,737 |
Taro Pharmaceutical Industries, Ltd. (A)(B) | 11 | 1,237 |
Teva Pharmaceutical Industries, Ltd. | 3,111 | 42,487 |
Italy - 2.0% | 1,067,788 | |
Assicurazioni Generali SpA | 2,239 | 40,794 |
Atlantia SpA | 1,051 | 34,282 |
Banca Mediolanum SpA | 1,282 | 10,925 |
Banco BPM SpA (B) | 6,308 | 22,001 |
Davide Campari-Milano SpA | 3,137 | 25,143 |
Enel SpA | 17,797 | 110,401 |
Eni SpA | 5,861 | 95,862 |
Ferrari NV | 419 | 50,227 |
Intesa Sanpaolo SpA | 27,158 | 91,306 |
Intesa Sanpaolo SpA | 2,392 | 7,546 |
Leonardo SpA | 2,885 | 49,842 |
Luxottica Group SpA | 390 | 22,371 |
Mediobanca SpA | 6,203 | 67,998 |
Moncler SpA | 680 | 19,313 |
Parmalat SpA | 1,061 | 4,017 |
Poste Italiane SpA (C) | 2,810 | 20,541 |
PRADA SpA | 3,898 | 13,490 |
Prysmian SpA | 1,468 | 50,620 |
Recordati SpA | 784 | 36,451 |
Snam SpA | 7,895 | 40,339 |
Telecom Italia SpA (B) | 52,287 | 45,379 |
Telecom Italia SpA | 70,078 | 49,840 |
Terna Rete Elettrica Nazionale SpA | 9,796 | 59,113 |
UniCredit SpA (B) | 4,298 | 82,264 |
UnipolSai Assicurazioni SpA | 7,778 | 17,723 |
Japan - 24.4% | 13,056,565 | |
ABC-Mart, Inc. | 200 | 10,068 |
Acom Company, Ltd. (A)(B) | 1,900 | 7,859 |
Aeon Company, Ltd. | 5,300 | 81,648 |
AEON Financial Service Company, Ltd. | 600 | 12,815 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Aisin Seiki Company, Ltd. | 1,200 | $61,674 |
Ajinomoto Company, Inc. | 800 | 16,027 |
Alps Electric Company, Ltd. (A) | 1,400 | 42,445 |
ANA Holdings, Inc. | 2,800 | 107,091 |
Aozora Bank, Ltd. | 800 | 31,154 |
Asahi Glass Company, Ltd. | 1,200 | 46,783 |
Asahi Group Holdings, Ltd. | 1,000 | 45,419 |
Asahi Kasei Corp. | 10,600 | 127,707 |
Astellas Pharma, Inc. | 2,900 | 38,499 |
Bandai Namco Holdings, Inc. | 1,500 | 51,153 |
Bridgestone Corp. | 3,600 | 170,765 |
Brother Industries, Ltd. | 1,600 | 38,567 |
Calbee, Inc. | 800 | 26,859 |
Canon, Inc. | 1,500 | 56,011 |
Casio Computer Company, Ltd. (A) | 600 | 8,808 |
Central Japan Railway Company | 600 | 108,616 |
Chubu Electric Power Company, Inc. | 4,000 | 51,289 |
Chugai Pharmaceutical Company, Ltd. | 300 | 14,257 |
Coca-Cola Bottlers Japan, Inc. | 400 | 13,905 |
Concordia Financial Group, Ltd. | 7,800 | 40,843 |
Dai Nippon Printing Company, Ltd. | 2,600 | 61,894 |
Daicel Corp. | 1,400 | 17,323 |
Daifuku Company, Ltd. | 500 | 24,245 |
Dai-ichi Life Holdings, Inc. | 3,600 | 67,878 |
Daiichi Sankyo Company, Ltd. | 1,700 | 38,898 |
Daikin Industries, Ltd. | 700 | 76,820 |
Daito Trust Construction Company, Ltd. | 200 | 34,912 |
Daiwa House Industry Company, Ltd. | 1,300 | 47,364 |
Daiwa Securities Group, Inc. | 4,000 | 24,842 |
Denso Corp. | 1,100 | 59,942 |
Dentsu, Inc. | 300 | 12,739 |
Disco Corp. | 100 | 22,996 |
Don Quijote Holdings Company, Ltd. | 1,000 | 41,670 |
East Japan Railway Company | 2,000 | 193,083 |
Eisai Company, Ltd. | 400 | 22,167 |
Electric Power Development Company, Ltd. | 1,500 | 37,556 |
FamilyMart UNY Holdings Company, Ltd. | 400 | 22,670 |
FANUC Corp. | 200 | 46,414 |
Fast Retailing Company, Ltd. | 200 | 66,197 |
FUJIFILM Holdings Corp. | 1,400 | 56,996 |
Fujitsu, Ltd. | 6,000 | 46,382 |
Hamamatsu Photonics KK | 400 | 12,866 |
Hankyu Hanshin Holdings, Inc. | 2,900 | 112,422 |
Hikari Tsushin, Inc. | 100 | 12,902 |
Hino Motors, Ltd. | 3,400 | 43,416 |
Hirose Electric Company, Ltd. | 100 | 14,952 |
Hisamitsu Pharmaceutical Company, Inc. | 200 | 10,965 |
Hitachi Chemical Company, Ltd. | 1,200 | 33,952 |
Hitachi Construction Machinery Company, Ltd. | 700 | 23,810 |
Hitachi High-Technologies Corp. | 200 | 8,299 |
Hitachi Metals, Ltd. | 2,300 | 29,593 |
30 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Hitachi, Ltd. | 28,000 | $221,033 |
Honda Motor Company, Ltd. | 5,400 | 167,422 |
Hoshizaki Corp. | 300 | 28,276 |
Hoya Corp. | 1,300 | 70,234 |
Hulic Company, Ltd. | 1,400 | 14,354 |
Idemitsu Kosan Company, Ltd. | 900 | 26,098 |
Iida Group Holdings Company, Ltd. | 1,100 | 20,968 |
Inpex Corp. | 3,300 | 34,981 |
Isetan Mitsukoshi Holdings, Ltd. (A) | 3,100 | 33,502 |
Isuzu Motors, Ltd. | 2,500 | 36,269 |
ITOCHU Corp. | 5,200 | 90,518 |
Japan Airlines Company, Ltd. | 1,700 | 57,898 |
Japan Exchange Group, Inc. | 3,700 | 66,133 |
Japan Post Bank Company, Ltd. | 1,000 | 12,594 |
Japan Post Holdings Company, Ltd. | 1,100 | 12,662 |
Japan Post Insurance Company, Ltd. | 100 | 2,153 |
Japan Real Estate Investment Corp. | 4 | 18,727 |
Japan Retail Fund Investment Corp. | 7 | 12,407 |
Japan Tobacco, Inc. | 3,000 | 98,926 |
JFE Holdings, Inc. | 1,800 | 38,335 |
JGC Corp. | 800 | 13,299 |
JSR Corp. | 700 | 13,479 |
JTEKT Corp. | 3,800 | 62,068 |
JXTG Holdings, Inc. | 16,200 | 83,146 |
Kajima Corp. | 10,000 | 103,230 |
Kansai Paint Company, Ltd. | 800 | 20,466 |
Kao Corp. | 1,600 | 96,256 |
Kawasaki Heavy Industries, Ltd. | 1,800 | 62,255 |
KDDI Corp. | 5,800 | 154,354 |
Keikyu Corp. | 1,600 | 32,935 |
Keio Corp. | 399 | 17,311 |
Keisei Electric Railway Company, Ltd. | 200 | 6,002 |
Keyence Corp. | 100 | 55,294 |
Kikkoman Corp. | 400 | 13,658 |
Kintetsu Group Holdings Company, Ltd. | 1,600 | 61,251 |
Kirin Holdings Company, Ltd. | 3,000 | 71,403 |
Koito Manufacturing Company, Ltd. | 400 | 26,542 |
Komatsu, Ltd. | 1,300 | 42,296 |
Konami Holdings Corp. | 600 | 29,042 |
Konica Minolta, Inc. | 5,800 | 50,430 |
Kose Corp. | 200 | 24,166 |
Kubota Corp. | 1,500 | 28,005 |
Kuraray Company, Ltd. | 5,900 | 115,425 |
Kyocera Corp. | 1,100 | 73,020 |
Kyowa Hakko Kirin Company, Ltd. | 300 | 5,513 |
Kyushu Electric Power Company, Inc. | 6,800 | 77,198 |
Kyushu Railway Company | 300 | 9,571 |
Lawson, Inc. | 500 | 32,562 |
LINE Corp. (B) | 100 | 4,105 |
Lion Corp. | 1,500 | 28,725 |
LIXIL Group Corp. | 3,500 | 95,793 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
M3, Inc. | 1,200 | $35,642 |
Makita Corp. | 300 | 12,541 |
Marubeni Corp. | 5,700 | 37,958 |
Mazda Motor Corp. | 6,400 | 91,356 |
Mebuki Financial Group, Inc. | 4,900 | 20,268 |
MEIJI Holdings Company, Ltd. | 400 | 32,597 |
MINEBEA MITSUMI, Inc. | 2,300 | 41,737 |
MISUMI Group, Inc. | 1,200 | 32,738 |
Mitsubishi Chemical Holdings Corp. | 12,300 | 127,460 |
Mitsubishi Corp. | 4,500 | 104,886 |
Mitsubishi Electric Corp. | 3,100 | 52,694 |
Mitsubishi Estate Company, Ltd. | 1,600 | 28,802 |
Mitsubishi Gas Chemical Company, Inc. | 1,200 | 29,137 |
Mitsubishi Heavy Industries, Ltd. | 1,200 | 46,667 |
Mitsubishi Materials Corp. | 1,100 | 41,530 |
Mitsubishi Motors Corp. | 1,000 | 7,929 |
Mitsubishi Tanabe Pharma Corp. | 300 | 6,585 |
Mitsubishi UFJ Financial Group, Inc. | 34,200 | 229,495 |
Mitsubishi UFJ Lease & Finance Company, Ltd. | 6,400 | 33,456 |
Mitsui & Company, Ltd. | 5,900 | 87,698 |
Mitsui Chemicals, Inc. | 2,800 | 85,752 |
Mitsui Fudosan Company, Ltd. | 2,000 | 46,220 |
Mizuho Financial Group, Inc. | 60,200 | 108,554 |
MS&AD Insurance Group Holdings, Inc. | 1,400 | 47,250 |
Murata Manufacturing Company, Ltd. | 500 | 77,840 |
NEC Corp. | 3,100 | 84,573 |
Nexon Company, Ltd. (B) | 300 | 8,026 |
NGK Insulators, Ltd. | 1,800 | 35,246 |
NGK Spark Plug Company, Ltd. | 1,100 | 24,773 |
NH Foods, Ltd. | 1,000 | 28,690 |
Nidec Corp. | 500 | 65,982 |
Nikon Corp. | 2,900 | 54,692 |
Nintendo Company, Ltd. | 100 | 38,546 |
Nippon Building Fund, Inc. | 4 | 19,291 |
Nippon Express Company, Ltd. | 1,300 | 82,029 |
Nippon Paint Holdings Company, Ltd. | 300 | 10,508 |
Nippon Steel & Sumitomo Metal Corp. | 2,800 | 66,556 |
Nippon Telegraph & Telephone Corp. | 8,100 | 390,137 |
Nissan Chemical Industries, Ltd. | 400 | 14,838 |
Nissan Motor Company, Ltd. | 15,000 | 145,010 |
Nisshin Seifun Group, Inc. | 300 | 5,251 |
Nissin Foods Holdings Company, Ltd. | 300 | 18,824 |
Nitori Holdings Company, Ltd. | 300 | 43,444 |
Nitto Denko Corp. | 300 | 27,735 |
Nomura Holdings, Inc. | 9,700 | 55,385 |
Nomura Real Estate Master Fund, Inc. | 11 | 13,756 |
Nomura Research Institute, Ltd. | 200 | 8,422 |
NSK, Ltd. | 6,100 | 86,698 |
NTT Data Corp. | 2,400 | 27,817 |
NTT DOCOMO, Inc. | 4,400 | 106,137 |
Obayashi Corp. | 9,900 | 128,945 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 31 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Obic Company, Ltd. | 200 | $13,148 |
Odakyu Electric Railway Company, Ltd. | 2,100 | 40,843 |
Oji Holdings Corp. | 7,000 | 40,781 |
Olympus Corp. | 1,000 | 36,874 |
Omron Corp. | 600 | 33,371 |
Ono Pharmaceutical Company, Ltd. | 500 | 11,430 |
Oracle Corp. Japan | 400 | 33,618 |
Oriental Land Company, Ltd. | 600 | 47,808 |
ORIX Corp. | 7,600 | 129,654 |
Osaka Gas Company, Ltd. | 4,400 | 84,743 |
Otsuka Corp. | 400 | 27,106 |
Otsuka Holdings Company, Ltd. | 500 | 20,822 |
Panasonic Corp. | 7,700 | 115,232 |
Pola Orbis Holdings, Inc. | 300 | 9,505 |
Rakuten, Inc. | 1,400 | 14,896 |
Recruit Holdings Company, Ltd. | 2,300 | 56,189 |
Resona Holdings, Inc. | 7,600 | 40,679 |
Ricoh Company, Ltd. | 5,700 | 52,470 |
Rinnai Corp. | 100 | 8,528 |
Rohm Company, Ltd. | 800 | 73,643 |
Ryohin Keikaku Company, Ltd. | 100 | 29,394 |
Santen Pharmaceutical Company, Ltd. | 1,300 | 20,582 |
Secom Company, Ltd. | 400 | 30,193 |
Seibu Holdings, Inc. | 1,400 | 24,875 |
Seiko Epson Corp. | 1,000 | 23,726 |
Sekisui Chemical Company, Ltd. | 4,700 | 94,141 |
Sekisui House, Ltd. | 2,000 | 37,156 |
Seven & i Holdings Company, Ltd. | 2,700 | 108,637 |
Seven Bank, Ltd. | 4,600 | 16,922 |
Sharp Corp. (B) | 200 | 6,310 |
Shimadzu Corp. | 800 | 16,531 |
Shimano, Inc. | 100 | 13,614 |
Shimizu Corp. | 8,300 | 97,076 |
Shin-Etsu Chemical Company, Ltd. | 500 | 52,407 |
Shinsei Bank, Ltd. | 2,000 | 33,459 |
Shionogi & Company, Ltd. | 600 | 32,141 |
Shiseido Company, Ltd. | 700 | 28,787 |
SMC Corp. | 100 | 38,053 |
SoftBank Group Corp. | 2,500 | 218,846 |
Sohgo Security Services Company, Ltd. | 200 | 9,575 |
Sompo Holdings, Inc. | 1,000 | 39,945 |
Sony Corp. | 2,300 | 89,324 |
Sony Financial Holdings, Inc. | 1,300 | 21,371 |
Stanley Electric Company, Ltd. | 1,200 | 43,985 |
Start Today Company, Ltd. | 1,400 | 38,071 |
Subaru Corp. | 1,900 | 65,011 |
Sumitomo Chemical Company, Ltd. | 21,000 | 146,739 |
Sumitomo Corp. | 3,900 | 56,065 |
Sumitomo Dainippon Pharma Company, Ltd. | 900 | 12,807 |
Sumitomo Electric Industries, Ltd. | 2,300 | 38,893 |
Sumitomo Metal Mining Company, Ltd. | 1,000 | 39,215 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Sumitomo Mitsui Financial Group, Inc. | 3,900 | $155,032 |
Sumitomo Mitsui Trust Holdings, Inc. | 900 | 35,206 |
Sundrug Company, Ltd. | 400 | 17,372 |
Suntory Beverage & Food, Ltd. | 300 | 13,702 |
Suruga Bank, Ltd. | 700 | 15,820 |
Suzuki Motor Corp. | 1,200 | 65,212 |
Sysmex Corp. | 500 | 34,014 |
T&D Holdings, Inc. | 3,100 | 47,702 |
Taisei Corp. | 600 | 33,107 |
Taisho Pharmaceutical Holdings Company, Ltd. | 300 | 22,732 |
Taiyo Nippon Sanso Corp. | 1,100 | 13,098 |
Takeda Pharmaceutical Company, Ltd. | 1,000 | 56,279 |
TDK Corp. | 1,500 | 114,450 |
Terumo Corp. | 700 | 28,984 |
The Chiba Bank, Ltd. | 7,000 | 53,102 |
The Chugoku Electric Power Company, Inc. | 3,300 | 36,621 |
The Kansai Electric Power Company, Inc. | 3,900 | 53,113 |
The Shizuoka Bank, Ltd. | 5,000 | 48,271 |
Tobu Railway Company, Ltd. | 3,200 | 93,496 |
Toho Company, Ltd. | 300 | 9,901 |
Tohoku Electric Power Company, Inc. | 8,500 | 110,860 |
Tokio Marine Holdings, Inc. | 2,300 | 98,271 |
Tokyo Electric Power Company Holdings, Inc. (B) | 17,600 | 71,868 |
Tokyo Electron, Ltd. | 300 | 52,156 |
Tokyo Gas Company, Ltd. | 1,300 | 32,268 |
Tokyu Corp. | 2,100 | 31,603 |
Toppan Printing Company, Ltd. | 5,000 | 50,515 |
Toray Industries, Inc. | 2,900 | 29,184 |
Toshiba Corp. (A)(B) | 7,000 | 20,268 |
Tosoh Corp. | 2,200 | 47,202 |
TOTO, Ltd. | 1,000 | 48,667 |
Toyota Industries Corp. | 500 | 30,406 |
Toyota Motor Corp. | 6,900 | 424,457 |
Toyota Tsusho Corp. | 700 | 25,257 |
Trend Micro, Inc. | 1,100 | 58,567 |
Tsuruha Holdings, Inc. | 200 | 24,694 |
Unicharm Corp. | 1,400 | 31,695 |
United Urban Investment Corp. | 4 | 5,748 |
USS Company, Ltd. | 1,700 | 34,111 |
West Japan Railway Company | 1,000 | 70,166 |
Yahoo Japan Corp. | 4,400 | 19,632 |
Yakult Honsha Company, Ltd. | 100 | 8,220 |
Yamada Denki Company, Ltd. | 4,400 | 23,311 |
Yamaha Corp. | 600 | 23,445 |
Yamaha Motor Company, Ltd. | 2,200 | 65,247 |
Yamato Holdings Company, Ltd. | 900 | 18,308 |
Yamazaki Baking Company, Ltd. | 600 | 10,772 |
Yaskawa Electric Corp. | 1,700 | 60,442 |
Jersey, Channel Islands - 0.1% | 47,333 | |
Randgold Resources, Ltd. | 482 | 47,333 |
32 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Luxembourg - 0.3% | $178,937 | |
ArcelorMittal (B) | 2,123 | 60,878 |
Millicom International Cellular SA | 1,344 | 85,969 |
RTL Group SA | 303 | 22,481 |
Tenaris SA | 702 | 9,609 |
Macau - 0.1% | 69,756 | |
MGM China Holdings, Ltd. | 5,274 | 11,884 |
Sands China, Ltd. | 6,669 | 31,414 |
Wynn Macau, Ltd. | 10,321 | 26,458 |
Mexico - 0.0% | 23,117 | |
Fresnillo PLC | 1,337 | 23,117 |
Netherlands - 3.9% | 2,076,075 | |
ABN AMRO Group NV (C) | 2,471 | 76,326 |
Akzo Nobel NV | 3,593 | 325,394 |
Altice NV, Class A (B) | 940 | 17,734 |
Altice NV, Class B (B) | 258 | 4,866 |
ASML Holding NV | 639 | 115,234 |
Heineken Holding NV | 208 | 19,312 |
Heineken NV | 554 | 53,993 |
ING Groep NV | 10,054 | 185,759 |
Koninklijke Ahold Delhaize NV | 2,508 | 47,200 |
Koninklijke DSM NV | 1,260 | 107,504 |
Koninklijke KPN NV | 48,634 | 167,929 |
Koninklijke Philips NV | 3,228 | 131,447 |
NN Group NV | 2,015 | 84,412 |
Royal Dutch Shell PLC, A Shares | 10,647 | 334,451 |
Royal Dutch Shell PLC, B Shares | 9,052 | 291,079 |
Wolters Kluwer NV | 2,314 | 113,435 |
New Zealand - 0.1% | 54,999 | |
Auckland International Airport, Ltd. | 2,203 | 9,402 |
Fisher & Paykel Healthcare Corp., Ltd. | 786 | 7,134 |
Fletcher Building, Ltd. | 935 | 4,714 |
Mercury NZ, Ltd. | 2,436 | 5,490 |
Meridian Energy, Ltd. | 4,492 | 8,770 |
Ryman Healthcare, Ltd. | 517 | 3,294 |
Spark New Zealand, Ltd. | 6,424 | 16,195 |
Norway - 0.6% | 315,191 | |
Aker BP ASA | 566 | 12,991 |
DNB ASA | 2,758 | 53,091 |
Gjensidige Forsikring ASA | 331 | 6,218 |
Marine Harvest ASA (B) | 733 | 14,289 |
Norsk Hydro ASA | 2,932 | 22,630 |
Orkla ASA (A) | 950 | 9,283 |
Schibsted ASA, B Shares | 359 | 8,403 |
Schibsted ASA, Class A | 517 | 13,307 |
Statoil ASA (A) | 5,600 | 113,206 |
Telenor ASA (A) | 2,133 | 45,231 |
Yara International ASA | 349 | 16,542 |
Shares or Principal Amount | Value | |
Portugal - 0.1% | $73,480 | |
EDP - Energias de Portugal SA | 8,151 | 29,085 |
Galp Energia SGPS SA | 992 | 18,444 |
Jeronimo Martins SGPS SA | 1,428 | 25,951 |
Singapore - 1.0% | 555,456 | |
Ascendas Real Estate Investment Trust | 5,700 | 11,464 |
CapitaLand Mall Trust (A) | 7,600 | 11,268 |
CapitaLand, Ltd. | 8,800 | 23,705 |
City Developments, Ltd. | 3,500 | 33,243 |
ComfortDelGro Corp., Ltd. | 9,600 | 14,234 |
DBS Group Holdings, Ltd. | 5,858 | 97,949 |
Genting Singapore PLC | 9,400 | 8,418 |
Global Logistic Properties, Ltd. | 3,600 | 8,773 |
Hutchison Port Holdings Trust | 27,000 | 11,610 |
Jardine Cycle & Carriage, Ltd. | 300 | 8,674 |
Keppel Corp., Ltd. | 4,900 | 26,974 |
Oversea-Chinese Banking Corp., Ltd. | 4,100 | 35,812 |
Sembcorp Industries, Ltd. | 3,400 | 8,235 |
Singapore Airlines, Ltd. | 2,300 | 17,338 |
Singapore Exchange, Ltd. | 4,600 | 25,897 |
Singapore Technologies Engineering, Ltd. | 5,400 | 13,793 |
Singapore Telecommunications, Ltd. | 28,000 | 77,070 |
United Overseas Bank, Ltd. | 6,324 | 114,281 |
Wilmar International, Ltd. | 2,700 | 6,718 |
South Africa - 0.3% | 157,254 | |
Investec PLC | 3,925 | 26,869 |
Mediclinic International PLC (A) | 3,388 | 26,185 |
Mondi PLC | 4,309 | 104,200 |
Spain - 3.3% | 1,774,123 | |
Abertis Infraestructuras SA | 5,200 | 112,492 |
Aena SME SA (C) | 233 | 42,751 |
Amadeus IT Group SA | 3,012 | 204,389 |
Banco Bilbao Vizcaya Argentaria SA | 14,802 | 129,551 |
Banco de Sabadell SA | 22,561 | 45,180 |
Banco Santander SA | 44,700 | 303,223 |
Bankia SA | 6,533 | 31,196 |
CaixaBank SA (A) | 12,274 | 57,452 |
EDP Renovaveis SA | 1,389 | 11,489 |
Endesa SA | 1,869 | 42,784 |
Ferrovial SA | 1,810 | 39,325 |
Gas Natural SDG SA | 2,448 | 52,388 |
Grifols SA | 2,324 | 72,760 |
Iberdrola SA | 18,424 | 148,911 |
Industria de Diseno Textil SA (A) | 3,578 | 133,778 |
Red Electrica Corp. SA | 2,674 | 59,218 |
Repsol SA | 7,343 | 137,595 |
Telefonica SA | 14,263 | 149,641 |
Sweden - 2.9% | 1,570,113 | |
Alfa Laval AB | 3,008 | 76,208 |
Assa Abloy AB, B Shares | 1,370 | 28,916 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 33 |
Shares or Principal Amount | Value | |
Sweden (continued) | ||
Atlas Copco AB, A Shares | 1,799 | $78,907 |
Atlas Copco AB, B Shares | 1,061 | 42,139 |
Boliden AB | 2,330 | 81,546 |
Electrolux AB, Series B | 828 | 29,275 |
Essity AB, Class B (B) | 1,177 | 35,190 |
Fastighets AB Balder, B Shares (B) | 403 | 10,494 |
Getinge AB, B Shares | 1,754 | 34,528 |
Hennes & Mauritz AB, B Shares (A) | 2,746 | 68,947 |
Hexagon AB, B Shares | 291 | 14,922 |
Husqvarna AB, B Shares | 2,974 | 29,059 |
ICA Gruppen AB | 886 | 32,681 |
Lundin Petroleum AB (B) | 794 | 18,674 |
Nordea Bank AB | 7,901 | 95,509 |
Sandvik AB | 3,302 | 60,307 |
Securitas AB, B Shares | 1,919 | 33,673 |
Skandinaviska Enskilda Banken AB, Series A | 3,557 | 43,847 |
Skandinaviska Enskilda Banken AB, Series C | 51 | 631 |
Skanska AB, B Shares | 1,234 | 27,077 |
SKF AB, B Shares | 5,864 | 136,377 |
Svenska Cellulosa AB SCA, B Shares | 6,535 | 61,355 |
Svenska Handelsbanken AB, A Shares | 4,415 | 63,284 |
Svenska Handelsbanken AB, B Shares | 219 | 3,165 |
Swedbank AB, A Shares | 2,893 | 71,808 |
Swedish Match AB | 752 | 28,331 |
Tele2 AB, B Shares | 4,570 | 58,136 |
Telefonaktiebolaget LM Ericsson, B Shares | 8,351 | 52,569 |
Telia Company AB | 11,472 | 53,100 |
Trelleborg AB, B Shares | 1,408 | 34,881 |
Volvo AB, A Shares | 1,364 | 27,030 |
Volvo AB, B Shares | 6,941 | 137,547 |
Switzerland - 8.1% | 4,315,242 | |
ABB, Ltd. | 6,444 | 168,599 |
Cie Financiere Richemont SA | 1,773 | 163,640 |
Coca-Cola HBC AG (B) | 2,130 | 71,986 |
Credit Suisse Group AG (B) | 17,724 | 279,694 |
Ferguson PLC | 1,954 | 136,617 |
Givaudan SA | 59 | 131,874 |
Glencore PLC (B) | 25,980 | 125,236 |
Kuehne + Nagel International AG | 345 | 60,292 |
LafargeHolcim, Ltd. (B) | 3,508 | 198,310 |
Lonza Group AG (B) | 317 | 84,275 |
Nestle SA | 6,906 | 581,273 |
Novartis AG | 5,743 | 473,590 |
Partners Group Holding AG | 74 | 49,813 |
Roche Holding AG | 1,656 | 382,933 |
Roche Holding AG, BR Shares | 139 | 32,324 |
Schindler Holding AG | 311 | 70,543 |
Schindler Holding AG | 148 | 32,709 |
SGS SA | 23 | 56,854 |
Sika AG | 10 | 74,087 |
Shares or Principal Amount | Value | |
Switzerland (continued) | ||
STMicroelectronics NV | 2,566 | $60,383 |
Swiss Re AG | 3,060 | 288,103 |
Swisscom AG | 314 | 158,764 |
The Swatch Group AG | 247 | 18,634 |
The Swatch Group AG, BR Shares | 202 | 79,236 |
UBS Group AG (B) | 8,086 | 137,741 |
Zurich Insurance Group AG | 1,302 | 397,732 |
United Kingdom - 16.1% | 8,630,436 | |
3i Group PLC | 14,078 | 179,658 |
Admiral Group PLC | 1,401 | 35,795 |
Anglo American PLC (A) | 15,551 | 293,244 |
Ashtead Group PLC | 3,800 | 97,897 |
Associated British Foods PLC | 669 | 29,601 |
AstraZeneca PLC | 3,189 | 213,097 |
Aviva PLC | 28,138 | 188,698 |
BAE Systems PLC | 23,673 | 186,576 |
Barclays PLC | 43,622 | 107,717 |
Barratt Developments PLC | 7,553 | 65,646 |
BP PLC | 51,512 | 349,004 |
British American Tobacco PLC | 4,103 | 265,400 |
BT Group PLC | 16,649 | 57,550 |
Bunzl PLC | 2,669 | 83,114 |
Burberry Group PLC | 3,972 | 100,323 |
Centrica PLC | 49,286 | 111,133 |
CNH Industrial NV | 7,867 | 100,536 |
Coca-Cola European Partners PLC | 927 | 38,029 |
Compass Group PLC | 5,439 | 119,392 |
ConvaTec Group PLC (C) | 2,163 | 5,627 |
Diageo PLC | 7,299 | 249,297 |
Direct Line Insurance Group PLC | 7,381 | 36,433 |
Experian PLC | 9,539 | 200,904 |
Fiat Chrysler Automobiles NV (B) | 8,803 | 152,185 |
GKN PLC | 19,707 | 82,959 |
GlaxoSmithKline PLC | 12,667 | 228,347 |
Hargreaves Lansdown PLC | 2,011 | 42,247 |
HSBC Holdings PLC | 49,337 | 481,092 |
Imperial Brands PLC | 3,091 | 126,035 |
Informa PLC | 1,537 | 14,226 |
InterContinental Hotels Group PLC | 756 | 41,884 |
International Consolidated Airlines Group SA | 13,102 | 110,658 |
Intertek Group PLC | 1,148 | 82,703 |
ITV PLC | 31,072 | 67,876 |
Johnson Matthey PLC | 2,261 | 101,514 |
Kingfisher PLC | 23,029 | 95,597 |
Land Securities Group PLC | 2,558 | 32,814 |
Legal & General Group PLC | 45,027 | 159,649 |
Lloyds Banking Group PLC | 162,802 | 147,638 |
London Stock Exchange Group PLC | 1,997 | 99,739 |
National Grid PLC | 11,395 | 137,096 |
Next PLC | 1,263 | 82,535 |
34 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
United Kingdom (continued) | ||
Old Mutual PLC | 59,282 | $150,362 |
Persimmon PLC | 1,858 | 69,135 |
Prudential PLC | 3,402 | 83,668 |
Reckitt Benckiser Group PLC | 1,966 | 175,834 |
RELX NV | 3,505 | 79,172 |
RELX PLC | 3,669 | 84,436 |
Rentokil Initial PLC | 7,868 | 35,085 |
Rio Tinto PLC | 3,852 | 181,515 |
Rio Tinto, Ltd. | 1,443 | 76,841 |
Rolls-Royce Holdings PLC (B) | 18,689 | 241,480 |
Rolls-Royce Holdings PLC (B) | 859,694 | 1,142 |
Royal Bank of Scotland Group PLC (B) | 8,593 | 32,236 |
RSA Insurance Group PLC | 7,375 | 61,602 |
Schroders PLC | 938 | 43,509 |
Schroders PLC, Non-Voting Shares | 328 | 10,976 |
Severn Trent PLC | 1,834 | 51,413 |
Sky PLC (B) | 6,146 | 76,964 |
Smith & Nephew PLC | 6,678 | 126,015 |
Smiths Group PLC | 2,774 | 57,871 |
SSE PLC | 6,747 | 123,823 |
St. James's Place PLC | 3,399 | 53,126 |
Standard Chartered PLC (B) | 7,397 | 73,711 |
Standard Life Aberdeen PLC | 18,587 | 106,086 |
Taylor Wimpey PLC | 23,541 | 62,366 |
Tesco PLC | 27,528 | 66,312 |
The British Land Company PLC | 3,123 | 24,925 |
The Sage Group PLC | 8,199 | 81,169 |
Unilever NV | 2,475 | 143,889 |
Unilever PLC | 3,635 | 206,093 |
United Utilities Group PLC | 8,073 | 89,302 |
Vodafone Group PLC | 119,435 | 341,950 |
Whitbread PLC | 1,529 | 74,984 |
Wm Morrison Supermarkets PLC | 15,702 | 46,749 |
Worldpay Group PLC (C) | 11,499 | 61,997 |
WPP PLC | 1,876 | 33,233 |
United States - 0.1% | 39,460 | |
Carnival PLC | 257 | 16,931 |
Samsonite International SA | 5,400 | 22,529 |
PREFERRED SECURITIES - 0.6% | $325,572 | |
(Cost $274,377) | ||
Germany - 0.5% | 277,914 | |
Bayerische Motoren Werke AG | 588 | 51,319 |
Henkel AG & Company KGaA | 221 | 31,023 |
Porsche Automobil Holding SE | 626 | 45,440 |
RWE AG | 323 | 6,111 |
Volkswagen AG | 793 | 144,021 |
Spain - 0.1% | 47,658 | |
Grifols SA, Class B | 2,062 | 47,658 |
Shares or Principal Amount | Value | |
RIGHTS - 0.0% | $3,006 | |
(Cost $2,948) | ||
Banco Santander SA (Expiration Date: 11-6-17) (B)(D) | 44,700 | $2,135 |
Ferrovial SA (Expiration Date: 11-13-17) (B)(D) | 1,810 | 871 |
SECURITIES LENDING COLLATERAL - 2.2% | $1,175,566 | |
(Cost $1,175,597) | ||
John Hancock Collateral Trust, 1.1946% (E)(F) | 117,491 | 1,175,566 |
SHORT-TERM INVESTMENTS - 0.1% | $87,804 | |
(Cost $87,804) | ||
Money market funds - 0.1% | 87,804 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (E) | 87,804 | 87,804 |
Total investments (Multifactor Developed International ETF) (Cost $49,272,164) - 101.7% | $54,480,048 | |
Other assets and liabilities, net - (1.7%) | (931,412) | |
Total net assets - 100.0% | $53,548,636 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 10-31-17. |
(B) | Non-income producing security. |
(C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(D) | Strike price and/or expiration date not available. |
(E) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(F) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $27,409,465 | |
(Cost $27,091,545) | ||
Energy – 97.8% | 26,837,073 | |
Energy equipment and services – 11.6% | ||
Baker Hughes, a GE Company | 5,189 | 163,090 |
Core Laboratories NV | 2,023 | 202,094 |
Halliburton Company | 13,004 | 555,791 |
Helmerich & Payne, Inc. (A) | 4,869 | 264,435 |
National Oilwell Varco, Inc. | 15,769 | 539,142 |
Patterson-UTI Energy, Inc. | 4,384 | 86,716 |
RPC, Inc. (A) | 2,359 | 57,347 |
Schlumberger, Ltd. | 11,112 | 711,168 |
TechnipFMC PLC (B) | 18,435 | 504,935 |
Weatherford International PLC (A)(B) | 27,107 | 94,061 |
Oil, gas and consumable fuels – 86.2% | ||
Anadarko Petroleum Corp. | 22,554 | 1,113,491 |
Andeavor | 9,269 | 984,739 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 35 |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Oil, gas and consumable fuels (continued) | ||
Antero Resources Corp. (A)(B) | 15,086 | $292,668 |
Apache Corp. | 17,133 | 708,792 |
Cabot Oil & Gas Corp. | 13,135 | 363,840 |
Centennial Resource Development, Inc., Class A (A)(B) | 3,646 | 70,842 |
Cheniere Energy Partners LP Holdings LLC | 1,150 | 28,796 |
Cheniere Energy, Inc. (B) | 5,945 | 277,869 |
Chevron Corp. | 13,933 | 1,614,695 |
Cimarex Energy Company | 3,613 | 422,468 |
Concho Resources, Inc. (B) | 6,736 | 904,039 |
ConocoPhillips | 14,792 | 756,611 |
Continental Resources, Inc. (B) | 4,158 | 169,272 |
Devon Energy Corp. | 18,911 | 697,816 |
Diamondback Energy, Inc. (B) | 3,037 | 325,445 |
Energen Corp. (B) | 5,320 | 275,044 |
EOG Resources, Inc. | 11,072 | 1,105,761 |
EQT Corp. (A) | 11,318 | 707,828 |
Exxon Mobil Corp. | 19,553 | 1,629,743 |
Hess Corp. | 11,904 | 525,681 |
HollyFrontier Corp. | 8,290 | 306,316 |
Kinder Morgan, Inc. | 62,555 | 1,132,871 |
Marathon Oil Corp. | 35,683 | 507,412 |
Marathon Petroleum Corp. | 24,436 | 1,459,807 |
Murphy Oil Corp. | 11,426 | 305,646 |
Newfield Exploration Company (B) | 7,602 | 234,066 |
Noble Energy, Inc. | 28,995 | 808,091 |
Occidental Petroleum Corp. | 15,411 | 995,088 |
Parsley Energy, Inc., Class A (B) | 7,766 | 206,576 |
Phillips 66 | 6,010 | 547,391 |
Pioneer Natural Resources Company | 5,977 | 894,578 |
Range Resources Corp. (A) | 9,952 | 180,231 |
Rice Energy, Inc. (B) | 8,504 | 241,088 |
RSP Permian, Inc. (B) | 4,708 | 162,002 |
Tallgrass Energy GP LP | 1,859 | 46,475 |
Targa Resources Corp. | 9,288 | 385,452 |
The Williams Companies, Inc. | 33,443 | 953,126 |
Valero Energy Corp. | 14,297 | 1,127,890 |
WPX Energy, Inc. (B) | 16,733 | 188,748 |
Information technology – 0.7% | 198,503 | |
Semiconductors and semiconductor equipment – 0.7% | ||
First Solar, Inc. (B) | 3,621 | 198,503 |
Utilities – 1.4% | 373,889 | |
Electric utilities – 1.4% | ||
OGE Energy Corp. | 10,149 | 373,889 |
SECURITIES LENDING COLLATERAL – 3.1% | $841,022 | |
(Cost $841,044) | ||
John Hancock Collateral Trust, 1.1946% (C)(D) | 84,055 | 841,022 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.0% | $12,835 | |
(Cost $12,835) | ||
Money market funds – 0.0% | $12,835 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (C) | 12,835 | 12,835 |
Total investments (Multifactor Energy ETF) (Cost $27,945,424) 103.0% | $28,263,322 | |
Other assets and liabilities, net (3.0%) | (832,132) | |
Total net assets 100.0% | $27,431,190 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 10-31-17. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $52,696,432 | |
(Cost $42,885,219) | ||
Consumer discretionary – 0.6% | 319,633 | |
Internet and direct marketing retail – 0.2% | ||
Liberty Ventures, Series A (A) | 1,646 | 93,756 |
Media – 0.4% | ||
Liberty Broadband Corp., Series A (A) | 432 | 37,243 |
Liberty Broadband Corp., Series C (A) | 2,161 | 188,634 |
Financials – 90.9% | 47,941,451 | |
Banks – 34.5% | ||
Bank of America Corp. | 80,501 | 2,204,922 |
Bank of Hawaii Corp. | 654 | 53,373 |
Bank of the Ozarks | 2,406 | 112,168 |
BankUnited, Inc. | 2,292 | 79,876 |
BB&T Corp. | 10,836 | 533,565 |
BOK Financial Corp. | 574 | 49,634 |
CIT Group, Inc. | 4,398 | 205,035 |
Citigroup, Inc. | 22,859 | 1,680,137 |
Citizens Financial Group, Inc. | 13,689 | 520,319 |
Comerica, Inc. | 4,124 | 324,023 |
Commerce Bancshares, Inc. | 2,883 | 167,675 |
Cullen/Frost Bankers, Inc. | 1,508 | 148,538 |
East West Bancorp, Inc. | 3,824 | 228,828 |
Fifth Third Bancorp | 24,229 | 700,218 |
First Citizens BancShares, Inc., Class A | 175 | 70,875 |
First Hawaiian, Inc. | 1,032 | 30,176 |
First Horizon National Corp. | 5,312 | 99,706 |
36 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
First Republic Bank | 3,423 | $333,400 |
FNB Corp. | 3,544 | 47,809 |
Hancock Holding Company | 1,371 | 66,836 |
Home BancShares, Inc. | 2,313 | 51,996 |
Huntington Bancshares, Inc. | 27,034 | 373,069 |
IBERIABANK Corp. | 928 | 68,440 |
Investors Bancorp, Inc. | 6,508 | 89,485 |
JPMorgan Chase & Co. | 21,568 | 2,169,956 |
KeyCorp | 26,053 | 475,467 |
M&T Bank Corp. | 3,136 | 522,991 |
MB Financial, Inc. | 971 | 44,608 |
PacWest Bancorp | 2,845 | 137,470 |
People's United Financial, Inc. | 8,609 | 160,644 |
Pinnacle Financial Partners, Inc. | 735 | 48,657 |
Popular, Inc. | 2,181 | 79,999 |
Prosperity Bancshares, Inc. | 1,957 | 128,731 |
Regions Financial Corp. | 38,289 | 592,714 |
Signature Bank (A) | 1,357 | 176,424 |
SunTrust Banks, Inc. | 11,335 | 682,480 |
SVB Financial Group (A) | 1,317 | 288,792 |
Synovus Financial Corp. | 2,770 | 129,775 |
Texas Capital Bancshares, Inc. (A) | 848 | 72,970 |
The PNC Financial Services Group, Inc. | 4,606 | 630,055 |
U.S. Bancorp | 14,865 | 808,359 |
UMB Financial Corp. | 564 | 41,471 |
Umpqua Holdings Corp. | 5,333 | 109,113 |
United Bankshares, Inc. | 946 | 34,009 |
Webster Financial Corp. | 2,404 | 132,196 |
Wells Fargo & Company | 35,115 | 1,971,356 |
Western Alliance Bancorp (A) | 2,942 | 164,164 |
Wintrust Financial Corp. | 1,051 | 85,436 |
Zions Bancorporation | 5,408 | 251,256 |
Capital markets – 20.1% | ||
Affiliated Managers Group, Inc. | 1,250 | 233,125 |
Ameriprise Financial, Inc. | 4,010 | 627,725 |
BGC Partners, Inc., Class A | 2,370 | 35,953 |
BlackRock, Inc. | 861 | 405,385 |
Cboe Global Markets, Inc. | 2,043 | 230,982 |
CME Group, Inc. | 3,062 | 420,015 |
E*TRADE Financial Corp. (A) | 7,116 | 310,186 |
Eaton Vance Corp. | 3,466 | 174,929 |
FactSet Research Systems, Inc. | 1,218 | 231,262 |
Franklin Resources, Inc. | 8,536 | 359,622 |
Intercontinental Exchange, Inc. | 6,546 | 432,691 |
Invesco, Ltd. | 9,182 | 328,624 |
Janus Henderson Group PLC | 1,688 | 58,658 |
Lazard, Ltd., Class A | 1,407 | 66,889 |
Legg Mason, Inc. | 2,587 | 98,772 |
LPL Financial Holdings, Inc. | 930 | 46,137 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
MarketAxess Holdings, Inc. | 956 | $166,344 |
Moody's Corp. | 3,525 | 501,995 |
Morgan Stanley | 12,963 | 648,150 |
Morningstar, Inc. | 597 | 50,870 |
MSCI, Inc. | 2,615 | 306,896 |
Nasdaq, Inc. | 2,723 | 197,826 |
Northern Trust Corp. | 5,709 | 533,906 |
Raymond James Financial, Inc. | 3,427 | 290,541 |
S&P Global, Inc. | 3,451 | 539,978 |
SEI Investments Company | 3,948 | 254,685 |
State Street Corp. | 4,178 | 384,376 |
T. Rowe Price Group, Inc. | 5,972 | 554,799 |
TD Ameritrade Holding Corp. | 6,668 | 333,333 |
The Bank of New York Mellon Corp. | 10,081 | 518,667 |
The Charles Schwab Corp. | 10,279 | 460,910 |
The Goldman Sachs Group, Inc. | 3,271 | 793,152 |
Wins Finance Holdings, Inc. (A)(B) | 9 | 1,890 |
Consumer finance – 6.7% | ||
Ally Financial, Inc. | 20,653 | 539,663 |
American Express Company | 6,676 | 637,692 |
Capital One Financial Corp. | 8,871 | 817,729 |
Credit Acceptance Corp. (A) | 187 | 53,619 |
Discover Financial Services | 8,052 | 535,700 |
Navient Corp. | 11,358 | 141,521 |
OneMain Holdings, Inc. (A) | 1,589 | 50,483 |
Santander Consumer USA Holdings, Inc. (A) | 4,681 | 77,892 |
SLM Corp. (A) | 9,020 | 95,522 |
Synchrony Financial | 18,141 | 591,759 |
Diversified financial services – 4.6% | ||
Berkshire Hathaway, Inc., Class B (A) | 10,865 | 2,031,103 |
Leucadia National Corp. | 7,502 | 189,801 |
Voya Financial, Inc. | 5,069 | 203,571 |
Insurance – 24.2% | ||
Aflac, Inc. | 5,734 | 481,025 |
Alleghany Corp. (A) | 388 | 219,693 |
American Financial Group, Inc. | 2,029 | 214,039 |
American International Group, Inc. | 8,153 | 526,765 |
Aon PLC | 3,334 | 478,196 |
Arch Capital Group, Ltd. (A) | 2,652 | 264,245 |
Arthur J. Gallagher & Company | 4,017 | 254,397 |
Assurant, Inc. | 2,082 | 209,553 |
Assured Guaranty, Ltd. | 5,822 | 215,996 |
Athene Holding, Ltd., Class A (A) | 1,733 | 90,341 |
Axis Capital Holdings, Ltd. | 2,591 | 140,924 |
Brighthouse Financial, Inc. (A) | 1,312 | 81,580 |
Brown & Brown, Inc. | 3,423 | 170,602 |
Chubb, Ltd. | 3,198 | 482,321 |
Cincinnati Financial Corp. | 3,172 | 222,579 |
CNA Financial Corp. | 866 | 46,877 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 37 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Insurance (continued) | ||
Enstar Group, Ltd. (A) | 250 | $56,950 |
Erie Indemnity Company, Class A | 731 | 88,305 |
Everest Re Group, Ltd. | 1,138 | 270,218 |
First American Financial Corp. | 2,901 | 157,872 |
FNF Group | 5,780 | 216,288 |
Lincoln National Corp. | 5,970 | 452,407 |
Loews Corp. | 7,314 | 362,116 |
Markel Corp. (A) | 244 | 264,569 |
Marsh & McLennan Companies, Inc. | 6,523 | 527,906 |
MetLife, Inc. | 9,209 | 493,418 |
Old Republic International Corp. | 7,707 | 156,375 |
Primerica, Inc. | 709 | 62,747 |
Principal Financial Group, Inc. | 7,242 | 476,886 |
Prudential Financial, Inc. | 5,674 | 626,750 |
Reinsurance Group of America, Inc. | 2,051 | 306,378 |
RenaissanceRe Holdings, Ltd. | 1,093 | 151,227 |
The Allstate Corp. | 4,948 | 464,419 |
The Hanover Insurance Group, Inc. | 1,177 | 115,793 |
The Hartford Financial Services Group, Inc. | 11,924 | 656,416 |
The Progressive Corp. | 7,353 | 357,723 |
The Travelers Companies, Inc. | 5,291 | 700,793 |
Torchmark Corp. | 2,814 | 236,742 |
Unum Group | 6,975 | 362,979 |
Validus Holdings, Ltd. | 2,581 | 134,418 |
W.R. Berkley Corp. | 2,881 | 197,579 |
White Mountains Insurance Group, Ltd. | 111 | 98,696 |
Willis Towers Watson PLC | 2,482 | 399,801 |
XL Group, Ltd. | 6,906 | 279,486 |
Thrifts and mortgage finance – 0.8% | ||
Essent Group, Ltd. (A) | 824 | 35,119 |
MGIC Investment Corp. (A) | 9,758 | 139,539 |
New York Community Bancorp, Inc. | 11,150 | 140,044 |
Radian Group, Inc. | 4,351 | 91,197 |
TFS Financial Corp. | 1,079 | 16,638 |
Industrials – 0.8% | 443,960 | |
Professional services – 0.8% | ||
Equifax, Inc. | 3,106 | 337,094 |
IHS Markit, Ltd. (A) | 2,508 | 106,866 |
Information technology – 6.4% | 3,351,211 | |
Internet software and services – 0.2% | ||
Zillow Group, Inc., Class A (A) | 646 | 26,686 |
Zillow Group, Inc., Class C (A)(C) | 1,296 | 53,499 |
IT services – 6.2% | ||
Black Knight, Inc. (A) | 2,504 | 113,556 |
Mastercard, Inc., Class A | 8,041 | 1,196,260 |
The Western Union Company | 13,808 | 274,227 |
Visa, Inc., Class A | 15,339 | 1,686,983 |
Shares or Principal Amount | Value | |
Real estate – 1.2% | $640,177 | |
Real estate management and development – 1.2% | ||
CBRE Group, Inc., Class A (A) | 7,427 | 292,030 |
Jones Lang LaSalle, Inc. | 1,151 | 149,043 |
Realogy Holdings Corp. | 3,703 | 119,718 |
The Howard Hughes Corp. (A) | 622 | 79,386 |
SECURITIES LENDING COLLATERAL – 0.1% | $47,032 | |
(Cost $47,033) | ||
John Hancock Collateral Trust, 1.1946% (D)(E) | 4,701 | 47,032 |
SHORT-TERM INVESTMENTS – 0.1% | $59,763 | |
(Cost $59,763) | ||
Money market funds – 0.1% | 59,763 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (D) | 59,763 | 59,763 |
Total investments (Multifactor Financials ETF) (Cost $42,992,015) 100.1% | $52,803,227 | |
Other assets and liabilities, net (0.1%) | (48,575) | |
Total net assets 100.0% | $52,754,652 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | Security is valued using significant unobservable inputs. |
(C) | A portion of this security is on loan as of 10-31-17. |
(D) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 100.0% | $37,832,035 | |
(Cost $34,094,969) | ||
Health care – 99.8% | 37,774,544 | |
Biotechnology – 19.3% | ||
AbbVie, Inc. | 12,635 | 1,140,309 |
ACADIA Pharmaceuticals, Inc. (A)(B) | 1,313 | 45,732 |
Alexion Pharmaceuticals, Inc. (A) | 2,211 | 264,568 |
Alkermes PLC (A) | 2,391 | 116,585 |
Alnylam Pharmaceuticals, Inc. (A) | 1,050 | 127,932 |
Amgen, Inc. | 7,969 | 1,396,328 |
Biogen, Inc. (A) | 2,068 | 644,513 |
BioMarin Pharmaceutical, Inc. (A) | 2,600 | 213,434 |
Bioverativ, Inc. (A) | 2,290 | 129,385 |
Bluebird Bio, Inc. (A) | 725 | 100,848 |
Celgene Corp. (A) | 6,166 | 622,581 |
Clovis Oncology, Inc. (A) | 436 | 32,861 |
Dyax Corp. (A)(C) | 702 | 2,211 |
Exact Sciences Corp. (A) | 1,080 | 59,389 |
38 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Biotechnology (continued) | ||
Exelixis, Inc. (A) | 3,405 | $84,410 |
Gilead Sciences, Inc. | 13,291 | 996,293 |
Incyte Corp. (A) | 1,500 | 169,875 |
Ionis Pharmaceuticals, Inc. (A) | 1,613 | 92,118 |
Juno Therapeutics, Inc. (A) | 837 | 37,590 |
Neurocrine Biosciences, Inc. (A) | 1,148 | 71,302 |
OPKO Health, Inc. (A)(B) | 7,933 | 53,389 |
Regeneron Pharmaceuticals, Inc. (A) | 562 | 226,272 |
Seattle Genetics, Inc. (A) | 1,515 | 92,885 |
TESARO, Inc. (A) | 492 | 56,959 |
United Therapeutics Corp. (A) | 1,581 | 187,491 |
Vertex Pharmaceuticals, Inc. (A) | 2,229 | 325,947 |
Health care equipment and supplies – 22.5% | ||
Abbott Laboratories | 14,488 | 785,684 |
ABIOMED, Inc. (A) | 657 | 126,748 |
Align Technology, Inc. (A) | 1,394 | 333,138 |
Baxter International, Inc. | 6,194 | 399,327 |
Becton, Dickinson and Company | 2,337 | 487,662 |
Boston Scientific Corp. (A) | 12,640 | 355,690 |
C.R. Bard, Inc. | 1,841 | 602,136 |
DENTSPLY SIRONA, Inc. | 5,538 | 338,206 |
DexCom, Inc. (A)(B) | 1,119 | 50,321 |
Edwards Lifesciences Corp. (A) | 4,228 | 432,228 |
Hill-Rom Holdings, Inc. | 2,370 | 191,283 |
Hologic, Inc. (A) | 9,842 | 372,520 |
IDEXX Laboratories, Inc. (A) | 1,830 | 304,091 |
Integra LifeSciences Holdings Corp. (A) | 817 | 38,219 |
Intuitive Surgical, Inc. (A) | 997 | 374,234 |
Masimo Corp. (A) | 792 | 69,506 |
Medtronic PLC | 10,933 | 880,325 |
ResMed, Inc. | 3,074 | 258,769 |
STERIS PLC | 2,031 | 189,553 |
Stryker Corp. | 2,752 | 426,202 |
Teleflex, Inc. | 1,080 | 255,938 |
The Cooper Companies, Inc. | 1,171 | 281,344 |
Varian Medical Systems, Inc. (A) | 2,188 | 227,968 |
West Pharmaceutical Services, Inc. | 1,590 | 161,226 |
Zimmer Biomet Holdings, Inc. | 4,604 | 559,938 |
Health care providers and services – 28.6% | ||
Acadia Healthcare Company, Inc. (A) | 1,751 | 54,911 |
Aetna, Inc. | 4,443 | 755,443 |
AmerisourceBergen Corp. | 3,898 | 299,951 |
Anthem, Inc. | 3,833 | 801,902 |
Cardinal Health, Inc. | 12,767 | 790,277 |
Centene Corp. (A) | 4,804 | 449,991 |
Cigna Corp. | 3,743 | 738,194 |
DaVita, Inc. (A) | 6,483 | 393,777 |
Envision Healthcare Corp. (A) | 3,577 | 152,380 |
Express Scripts Holding Company (A) | 12,573 | 770,599 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care providers and services (continued) | ||
HCA Healthcare, Inc. (A) | 3,093 | $233,985 |
HealthSouth Corp. | 3,366 | 155,307 |
Henry Schein, Inc. (A) | 4,074 | 320,216 |
Humana, Inc. | 2,043 | 521,680 |
Laboratory Corp. of America Holdings (A) | 3,193 | 490,796 |
McKesson Corp. | 3,408 | 469,895 |
MEDNAX, Inc. (A) | 2,646 | 115,868 |
Molina Healthcare, Inc. (A)(B) | 718 | 48,702 |
Patterson Companies, Inc. (B) | 2,666 | 98,642 |
Quest Diagnostics, Inc. | 4,879 | 457,553 |
UnitedHealth Group, Inc. | 10,027 | 2,107,876 |
Universal Health Services, Inc., Class B | 3,222 | 330,899 |
WellCare Health Plans, Inc. (A) | 1,283 | 253,700 |
Life sciences tools and services – 5.9% | ||
Bio-Rad Laboratories, Inc., Class A (A) | 525 | 115,390 |
Bio-Techne Corp. | 826 | 108,223 |
Bruker Corp. | 2,691 | 84,497 |
Charles River Laboratories International, Inc. (A) | 1,349 | 156,875 |
Illumina, Inc. (A) | 1,327 | 272,287 |
INC Research Holdings, Inc., Class A (A) | 1,718 | 98,184 |
PRA Health Sciences, Inc. (A) | 960 | 78,173 |
Quintiles IMS Holdings, Inc. (A) | 3,207 | 346,677 |
Thermo Fisher Scientific, Inc. | 3,007 | 582,847 |
VWR Corp. (A) | 2,568 | 85,001 |
Waters Corp. (A) | 1,678 | 328,972 |
Pharmaceuticals – 23.5% | ||
Akorn, Inc. (A)(B) | 2,184 | 71,133 |
Allergan PLC | 2,784 | 493,408 |
Bristol-Myers Squibb Company | 11,048 | 681,220 |
Catalent, Inc. (A) | 2,903 | 123,639 |
Eli Lilly & Company | 7,264 | 595,212 |
Jazz Pharmaceuticals PLC (A) | 1,764 | 249,659 |
Johnson & Johnson | 17,201 | 2,397,997 |
Mallinckrodt PLC (A) | 2,598 | 82,279 |
Merck & Company, Inc. | 20,736 | 1,142,346 |
Mylan NV (A) | 13,317 | 475,550 |
Perrigo Company PLC | 2,655 | 215,028 |
Pfizer, Inc. | 56,326 | 1,974,790 |
Zoetis, Inc. | 6,411 | 409,150 |
Industrials – 0.2% | 57,491 | |
Commercial services and supplies – 0.2% | ||
Healthcare Services Group, Inc. | 1,087 | 57,491 |
SECURITIES LENDING COLLATERAL – 0.8% | $305,317 | |
(Cost $305,326) | ||
John Hancock Collateral Trust, 1.1946% (D)(E) | 30,515 | 305,317 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 39 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.0% | $22,252 | |
(Cost $22,252) | ||
Money market funds – 0.0% | $22,252 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (D) | 22,252 | 22,252 |
Total investments (Multifactor Healthcare ETF) (Cost $34,422,547) 100.8% | $38,159,604 | |
Other assets and liabilities, net (0.8%) | (316,207) | |
Total net assets 100.0% | $37,843,397 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 10-31-17. |
(C) | Security is valued using significant unobservable inputs. |
(D) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $23,494,120 | |
(Cost $19,319,582) | ||
Health care – 2.9% | 689,798 | |
Health care equipment and supplies – 0.8% | ||
Danaher Corp. | 2,093 | 193,121 |
Life sciences tools and services – 2.1% | ||
Agilent Technologies, Inc. | 2,891 | 196,675 |
Mettler-Toledo International, Inc. (A) | 299 | 204,106 |
PerkinElmer, Inc. | 1,326 | 95,896 |
Industrials – 71.7% | 16,854,637 | |
Aerospace and defense – 13.0% | ||
BWX Technologies, Inc. | 835 | 50,033 |
Curtiss-Wright Corp. | 422 | 49,902 |
General Dynamics Corp. | 938 | 190,395 |
HEICO Corp. | 228 | 20,675 |
HEICO Corp., Class A | 427 | 32,495 |
Hexcel Corp. | 1,052 | 63,846 |
Huntington Ingalls Industries, Inc. | 545 | 126,892 |
L3 Technologies, Inc. | 885 | 165,654 |
Lockheed Martin Corp. | 907 | 279,501 |
Northrop Grumman Corp. | 1,004 | 296,712 |
Orbital ATK, Inc. | 717 | 95,311 |
Raytheon Company | 1,223 | 220,385 |
Rockwell Collins, Inc. | 1,644 | 222,926 |
Spirit AeroSystems Holdings, Inc., Class A | 1,586 | 127,039 |
Teledyne Technologies, Inc. (A) | 367 | 62,375 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Aerospace and defense (continued) | ||
Textron, Inc. | 3,157 | $166,500 |
The Boeing Company | 1,615 | 416,638 |
TransDigm Group, Inc. | 447 | 124,043 |
United Technologies Corp. | 3,002 | 359,520 |
Air freight and logistics – 3.7% | ||
C.H. Robinson Worldwide, Inc. (B) | 1,618 | 127,062 |
Expeditors International of Washington, Inc. | 1,975 | 115,301 |
FedEx Corp. | 1,201 | 271,198 |
United Parcel Service, Inc., Class B | 2,439 | 286,656 |
XPO Logistics, Inc. (A) | 1,124 | 77,949 |
Airlines – 5.3% | ||
Alaska Air Group, Inc. | 1,850 | 122,156 |
American Airlines Group, Inc. | 4,850 | 227,077 |
Copa Holdings SA, Class A | 294 | 36,218 |
Delta Air Lines, Inc. | 5,556 | 277,967 |
JetBlue Airways Corp. (A) | 4,173 | 79,913 |
Southwest Airlines Company | 4,185 | 225,404 |
United Continental Holdings, Inc. (A) | 4,609 | 269,534 |
Building products – 3.4% | ||
Allegion PLC | 934 | 77,886 |
AO Smith Corp. | 1,442 | 85,366 |
Fortune Brands Home & Security, Inc. | 1,616 | 106,753 |
Johnson Controls International PLC | 4,627 | 191,512 |
Lennox International, Inc. | 420 | 80,275 |
Masco Corp. | 2,567 | 102,218 |
Owens Corning | 1,357 | 112,210 |
USG Corp. (A) | 978 | 33,575 |
Commercial services and supplies – 3.7% | ||
Cintas Corp. | 978 | 145,761 |
Copart, Inc. (A) | 2,755 | 99,979 |
Deluxe Corp. | 227 | 15,811 |
KAR Auction Services, Inc. | 1,635 | 77,385 |
Republic Services, Inc. | 2,969 | 193,193 |
Rollins, Inc. | 1,027 | 45,096 |
Stericycle, Inc. (A) | 782 | 55,405 |
The Brink's Company | 184 | 14,002 |
Waste Management, Inc. | 2,611 | 214,546 |
Construction and engineering – 1.4% | ||
AECOM (A) | 1,570 | 55,044 |
EMCOR Group, Inc. | 572 | 46,052 |
Fluor Corp. | 1,814 | 78,165 |
Jacobs Engineering Group, Inc. | 1,350 | 78,584 |
Quanta Services, Inc. (A) | 2,053 | 77,460 |
Electrical equipment – 4.8% | ||
Acuity Brands, Inc. (B) | 399 | 66,713 |
AMETEK, Inc. | 2,389 | 161,234 |
Eaton Corp. PLC | 2,634 | 210,773 |
Emerson Electric Company | 3,674 | 236,826 |
Hubbell, Inc. | 533 | 67,062 |
40 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Electrical equipment (continued) | ||
Rockwell Automation, Inc. | 1,440 | $289,181 |
Sensata Technologies Holding NV (A) | 1,964 | 96,059 |
Industrial conglomerates – 7.4% | ||
3M Company | 2,067 | 475,803 |
Carlisle Companies, Inc. | 839 | 92,147 |
General Electric Company | 27,441 | 553,212 |
Honeywell International, Inc. | 2,534 | 365,301 |
Roper Technologies, Inc. | 991 | 255,846 |
Machinery – 17.3% | ||
AGCO Corp. | 988 | 67,747 |
Allison Transmission Holdings, Inc. | 1,708 | 72,573 |
Caterpillar, Inc. | 2,276 | 309,081 |
Colfax Corp. (A) | 804 | 33,535 |
Crane Company | 420 | 34,910 |
Cummins, Inc. | 1,027 | 181,656 |
Deere & Company | 1,997 | 265,361 |
Donaldson Company, Inc. | 1,637 | 77,283 |
Dover Corp. | 1,998 | 190,789 |
Flowserve Corp. | 1,659 | 73,112 |
Fortive Corp. | 2,663 | 192,428 |
Gardner Denver Holdings, Inc. (A) | 145 | 4,183 |
Graco, Inc. | 690 | 90,935 |
IDEX Corp. | 827 | 106,030 |
Illinois Tool Works, Inc. | 1,618 | 253,249 |
Ingersoll-Rand PLC | 3,035 | 268,901 |
ITT, Inc. | 1,093 | 50,978 |
Lincoln Electric Holdings, Inc. | 730 | 66,919 |
Nordson Corp. | 579 | 73,354 |
Oshkosh Corp. | 718 | 65,740 |
PACCAR, Inc. | 4,240 | 304,135 |
Parker-Hannifin Corp. | 1,415 | 258,393 |
Pentair PLC | 1,939 | 136,622 |
Snap-on, Inc. | 653 | 103,030 |
Stanley Black & Decker, Inc. | 1,804 | 291,436 |
The Middleby Corp. (A) | 527 | 61,079 |
The Toro Company | 1,075 | 67,564 |
Trinity Industries, Inc. | 1,081 | 35,154 |
WABCO Holdings, Inc. (A) | 619 | 91,346 |
Wabtec Corp. (B) | 985 | 75,353 |
Woodward, Inc. | 545 | 42,145 |
Xylem, Inc. | 1,888 | 125,609 |
Marine – 0.1% | ||
Kirby Corp. (A) | 277 | 19,625 |
Professional services – 2.4% | ||
ManpowerGroup, Inc. | 936 | 115,390 |
Nielsen Holdings PLC | 3,531 | 130,894 |
Robert Half International, Inc. | 1,381 | 71,494 |
The Dun & Bradstreet Corp. | 411 | 48,017 |
TransUnion (A) | 1,043 | 54,747 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Professional services (continued) | ||
Verisk Analytics, Inc. (A) | 1,660 | $141,183 |
Road and rail – 6.2% | ||
AMERCO | 93 | 36,516 |
CSX Corp. | 5,642 | 284,526 |
Genesee & Wyoming, Inc., Class A (A) | 599 | 42,996 |
J.B. Hunt Transport Services, Inc. | 1,078 | 114,688 |
Kansas City Southern | 1,253 | 130,588 |
Landstar System, Inc. | 309 | 30,514 |
Norfolk Southern Corp. | 1,891 | 248,515 |
Old Dominion Freight Line, Inc. | 746 | 90,363 |
Ryder System, Inc. | 957 | 77,594 |
Schneider National, Inc., Class B | 232 | 6,076 |
Union Pacific Corp. | 3,338 | 386,507 |
Trading companies and distributors – 2.8% | ||
Air Lease Corp. | 1,149 | 49,924 |
Fastenal Company | 3,096 | 145,419 |
HD Supply Holdings, Inc. (A) | 1,996 | 70,638 |
MSC Industrial Direct Company, Inc., Class A | 583 | 48,331 |
United Rentals, Inc. (A) | 1,172 | 165,815 |
W.W. Grainger, Inc. (B) | 654 | 129,296 |
Watsco, Inc. | 276 | 45,973 |
Transportation infrastructure – 0.2% | ||
Macquarie Infrastructure Corp. | 786 | 54,666 |
Information technology – 18.6% | 4,367,107 | |
Electronic equipment, instruments and components – 6.2% | ||
Amphenol Corp., Class A | 3,131 | 272,397 |
Arrow Electronics, Inc. (A) | 1,358 | 113,515 |
Avnet, Inc. | 1,700 | 67,660 |
Cognex Corp. | 546 | 67,240 |
Coherent, Inc. (A) | 134 | 35,203 |
Flex, Ltd. (A) | 7,905 | 140,706 |
FLIR Systems, Inc. | 1,507 | 70,558 |
IPG Photonics Corp. (A) | 341 | 72,602 |
Jabil, Inc. | 2,709 | 76,611 |
Keysight Technologies, Inc. (A) | 1,728 | 77,190 |
Littelfuse, Inc. | 143 | 29,887 |
National Instruments Corp. | 1,028 | 46,260 |
TE Connectivity, Ltd. | 2,249 | 204,592 |
Trimble, Inc. (A) | 2,317 | 94,719 |
Universal Display Corp. | 146 | 21,389 |
Zebra Technologies Corp., Class A (A) | 512 | 59,387 |
Internet software and services – 0.3% | ||
CoStar Group, Inc. (A) | 242 | 71,572 |
IT services – 11.8% | ||
Accenture PLC, Class A | 2,229 | 317,320 |
Alliance Data Systems Corp. | 644 | 144,082 |
Automatic Data Processing, Inc. | 2,074 | 241,123 |
Booz Allen Hamilton Holding Corp. | 1,575 | 59,519 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 41 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
Broadridge Financial Solutions, Inc. | 1,434 | $123,209 |
CoreLogic, Inc. (A) | 841 | 39,443 |
Euronet Worldwide, Inc. (A) | 456 | 44,068 |
Fidelity National Information Services, Inc. | 2,092 | 194,054 |
First Data Corp., Class A (A) | 3,057 | 54,445 |
Fiserv, Inc. (A) | 2,384 | 308,561 |
FleetCor Technologies, Inc. (A) | 809 | 133,703 |
Genpact, Ltd. | 1,908 | 58,099 |
Global Payments, Inc. | 1,431 | 148,752 |
Jack Henry & Associates, Inc. | 974 | 107,267 |
MAXIMUS, Inc. | 705 | 46,833 |
Paychex, Inc. | 3,133 | 199,854 |
PayPal Holdings, Inc. (A) | 3,456 | 250,767 |
Total System Services, Inc. | 1,938 | 139,633 |
Vantiv, Inc., Class A (A) | 1,696 | 118,720 |
WEX, Inc. (A) | 292 | 36,088 |
Technology hardware, storage and peripherals – 0.3% | ||
Xerox Corp. | 2,642 | 80,079 |
Materials – 6.5% | 1,523,365 | |
Chemicals – 0.8% | ||
The Sherwin-Williams Company | 450 | 177,818 |
Construction materials – 1.5% | ||
Eagle Materials, Inc. | 460 | 48,562 |
Martin Marietta Materials, Inc. | 670 | 145,290 |
Vulcan Materials Company | 1,375 | 167,406 |
Containers and packaging – 4.1% | ||
AptarGroup, Inc. | 792 | 68,959 |
Ardagh Group SA | 48 | 1,029 |
Ball Corp. | 3,205 | 137,591 |
Bemis Company, Inc. | 1,346 | 60,597 |
Berry Global Group, Inc. (A) | 1,300 | 77,285 |
Crown Holdings, Inc. (A) | 1,413 | 85,020 |
Graphic Packaging Holding Company | 4,332 | 67,103 |
Owens-Illinois, Inc. (A) | 626 | 14,955 |
Packaging Corp. of America | 1,249 | 145,221 |
Sealed Air Corp. | 1,956 | 86,514 |
Sonoco Products Company | 1,432 | 74,163 |
WestRock Company | 2,445 | 149,952 |
Paper and forest products – 0.1% | ||
Louisiana-Pacific Corp. (A) | 585 | 15,900 |
Utilities – 0.2% | 59,213 | |
Multi-utilities – 0.2% | ||
MDU Resources Group, Inc. | 2,165 | 59,213 |
SECURITIES LENDING COLLATERAL – 1.1% | $267,543 | |
(Cost $267,550) | ||
John Hancock Collateral Trust, 1.1946% (C)(D) | 26,739 | 267,543 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.1% | $24,444 | |
(Cost $24,444) | ||
Money market funds – 0.1% | $24,444 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (C) | 24,444 | 24,444 |
Total investments (Multifactor Industrials ETF) (Cost $19,611,576) 101.1% | $23,786,107 | |
Other assets and liabilities, net (1.1%) | (267,231) | |
Total net assets 100.0% | $23,518,876 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 10-31-17. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $381,908,829 | |
(Cost $335,997,412) | ||
Consumer discretionary – 12.5% | 47,825,751 | |
Auto components – 0.7% | ||
Adient PLC | 2,130 | 179,687 |
Autoliv, Inc. | 2,942 | 367,338 |
BorgWarner, Inc. | 6,765 | 356,651 |
Delphi Automotive PLC | 8,939 | 888,358 |
Gentex Corp. | 7,206 | 139,868 |
Lear Corp. | 2,854 | 501,134 |
The Goodyear Tire & Rubber Company | 9,375 | 286,781 |
Automobiles – 0.6% | ||
Ford Motor Company | 58,027 | 711,991 |
General Motors Company | 15,748 | 676,849 |
Harley-Davidson, Inc. (A) | 7,397 | 350,174 |
Tesla, Inc. (B) | 1,042 | 345,454 |
Thor Industries, Inc. | 711 | 96,852 |
Distributors – 0.2% | ||
Genuine Parts Company | 5,161 | 455,355 |
LKQ Corp. (B) | 8,141 | 306,834 |
Diversified consumer services – 0.1% | ||
H&R Block, Inc. | 870 | 21,524 |
Service Corp. International | 5,395 | 191,307 |
ServiceMaster Global Holdings, Inc. (B) | 3,252 | 153,202 |
Hotels, restaurants and leisure – 2.0% | ||
Aramark | 7,690 | 335,976 |
Carnival Corp. | 7,405 | 491,618 |
Chipotle Mexican Grill, Inc. (B) | 775 | 210,723 |
42 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Darden Restaurants, Inc. | 3,898 | $320,688 |
Domino's Pizza, Inc. | 965 | 176,595 |
Dunkin' Brands Group, Inc. | 2,345 | 138,519 |
Hilton Worldwide Holdings, Inc. | 4,504 | 325,549 |
Hyatt Hotels Corp., Class A (B) | 746 | 46,744 |
Las Vegas Sands Corp. | 5,574 | 353,280 |
Marriott International, Inc., Class A | 4,632 | 553,431 |
McDonald's Corp. | 7,740 | 1,291,883 |
MGM Resorts International | 14,713 | 461,253 |
Norwegian Cruise Line Holdings, Ltd. (B) | 3,163 | 176,337 |
Royal Caribbean Cruises, Ltd. | 3,743 | 463,271 |
Six Flags Entertainment Corp. (A) | 996 | 62,539 |
Starbucks Corp. | 14,547 | 797,757 |
Vail Resorts, Inc. | 835 | 191,232 |
Wyndham Worldwide Corp. | 4,253 | 454,433 |
Wynn Resorts, Ltd. | 1,820 | 268,432 |
Yum! Brands, Inc. | 6,504 | 484,223 |
Household durables – 1.0% | ||
D.R. Horton, Inc. | 10,814 | 478,087 |
Garmin, Ltd. (A) | 3,731 | 211,212 |
Leggett & Platt, Inc. | 4,148 | 196,034 |
Lennar Corp., A Shares | 5,126 | 285,364 |
Lennar Corp., B Shares | 224 | 10,741 |
Mohawk Industries, Inc. (B) | 2,087 | 546,293 |
Newell Brands, Inc. | 11,572 | 471,906 |
NVR, Inc. (B) | 154 | 505,331 |
PulteGroup, Inc. | 8,019 | 242,414 |
Toll Brothers, Inc. | 4,356 | 200,550 |
Whirlpool Corp. | 3,131 | 513,265 |
Internet and direct marketing retail – 1.6% | ||
Amazon.com, Inc. (B) | 3,470 | 3,835,322 |
Expedia, Inc. | 3,563 | 444,164 |
Liberty Interactive Corp., Series A (B) | 16,379 | 372,131 |
Liberty Ventures, Series A (B) | 287 | 16,348 |
Netflix, Inc. (B) | 3,204 | 629,362 |
The Priceline Group, Inc. (B) | 463 | 885,237 |
TripAdvisor, Inc. (A)(B) | 2,370 | 88,875 |
Wayfair, Inc., Class A (B) | 154 | 10,765 |
Leisure products – 0.2% | ||
Brunswick Corp. | 1,076 | 54,499 |
Hasbro, Inc. | 4,536 | 419,988 |
Mattel, Inc. (A) | 10,080 | 142,330 |
Polaris Industries, Inc. (A) | 1,696 | 200,857 |
Media – 2.6% | ||
Altice USA, Inc., Class A (B) | 476 | 11,272 |
CBS Corp., Class B | 10,429 | 585,275 |
Charter Communications, Inc., Class A (B) | 2,544 | 850,128 |
Comcast Corp., Class A | 62,447 | 2,249,965 |
Discovery Communications, Inc., Series A (A)(B) | 8,704 | 164,332 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Media (continued) | ||
Discovery Communications, Inc., Series C (B) | 2,779 | $49,494 |
DISH Network Corp., Class A (B) | 5,876 | 285,221 |
Liberty Broadband Corp., Series A (B) | 275 | 23,708 |
Liberty Broadband Corp., Series C (B) | 2,286 | 199,545 |
Liberty Media Corp.-Liberty Formula One, Series A (B) | 304 | 11,066 |
Liberty Media Corp.-Liberty Formula One, Series C (B) | 2,685 | 102,406 |
Liberty Media Corp.-Liberty SiriusXM, Series A (B) | 4,016 | 167,507 |
Lions Gate Entertainment Corp., Class A (A)(B) | 609 | 17,673 |
Lions Gate Entertainment Corp., Class B (B) | 1,619 | 44,782 |
Live Nation Entertainment, Inc. (B) | 3,350 | 146,663 |
News Corp., Class A | 9,646 | 131,764 |
News Corp., Class B | 2,075 | 28,843 |
Omnicom Group, Inc. | 10,330 | 694,073 |
Scripps Networks Interactive, Inc., Class A | 2,980 | 248,174 |
Sirius XM Holdings, Inc. (A) | 44,182 | 240,350 |
The Interpublic Group of Companies, Inc. | 15,092 | 290,521 |
The Walt Disney Company | 15,882 | 1,553,418 |
Time Warner, Inc. | 8,469 | 832,418 |
Twenty-First Century Fox, Inc., Class A | 14,187 | 370,990 |
Twenty-First Century Fox, Inc., Class B | 7,150 | 181,968 |
Viacom, Inc., Class A (A) | 183 | 5,499 |
Viacom, Inc., Class B | 12,281 | 295,112 |
Multiline retail – 0.7% | ||
Dollar General Corp. | 8,769 | 708,886 |
Dollar Tree, Inc. (B) | 7,367 | 672,239 |
Kohl's Corp. | 7,981 | 333,287 |
Macy's, Inc. | 13,998 | 262,602 |
Nordstrom, Inc. (A) | 5,671 | 224,855 |
Target Corp. | 11,125 | 656,820 |
Specialty retail – 2.1% | ||
Advance Auto Parts, Inc. | 2,134 | 174,433 |
AutoZone, Inc. (B) | 588 | 346,626 |
Best Buy Company, Inc. | 10,219 | 572,060 |
Burlington Stores, Inc. (B) | 1,283 | 120,461 |
CarMax, Inc. (B) | 6,005 | 450,976 |
L Brands, Inc. | 4,907 | 211,197 |
Lowe's Companies, Inc. | 12,633 | 1,010,008 |
O'Reilly Automotive, Inc. (B) | 2,293 | 483,708 |
Ross Stores, Inc. | 10,519 | 667,851 |
The Gap, Inc. | 9,338 | 242,695 |
The Home Depot, Inc. | 13,197 | 2,187,799 |
The TJX Companies, Inc. | 9,666 | 674,687 |
Tiffany & Company | 3,685 | 344,990 |
Tractor Supply Company | 3,993 | 240,618 |
Ulta Beauty, Inc. (B) | 1,695 | 342,034 |
Textiles, apparel and luxury goods – 0.7% | ||
Hanesbrands, Inc. (A) | 10,046 | 226,035 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 43 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods (continued) | ||
Lululemon Athletica, Inc. (B) | 2,473 | $152,114 |
Michael Kors Holdings, Ltd. (B) | 4,761 | 232,384 |
NIKE, Inc., Class B | 15,192 | 835,408 |
PVH Corp. | 2,035 | 258,058 |
Ralph Lauren Corp. | 2,079 | 185,925 |
Tapestry, Inc. | 7,203 | 294,963 |
Under Armour, Inc., Class A (A)(B) | 3,045 | 38,123 |
Under Armour, Inc., Class C (A)(B) | 3,106 | 35,812 |
VF Corp. | 6,619 | 461,013 |
Consumer staples – 6.8% | 25,891,994 | |
Beverages – 1.6% | ||
Brown-Forman Corp., Class A | 1,456 | 83,472 |
Brown-Forman Corp., Class B | 6,194 | 353,182 |
Constellation Brands, Inc., Class A | 2,988 | 654,641 |
Dr. Pepper Snapple Group, Inc. | 7,126 | 610,413 |
Molson Coors Brewing Company, Class B | 5,714 | 462,091 |
Monster Beverage Corp. (B) | 7,301 | 422,947 |
PepsiCo, Inc. | 15,605 | 1,720,139 |
The Coca-Cola Company | 40,186 | 1,847,752 |
Food and staples retailing – 1.5% | ||
Costco Wholesale Corp. | 5,090 | 819,897 |
CVS Health Corp. | 14,288 | 979,157 |
Sysco Corp. | 10,227 | 568,826 |
The Kroger Company | 27,352 | 566,186 |
US Foods Holding Corp. (B) | 2,530 | 69,018 |
Walgreens Boots Alliance, Inc. | 9,624 | 637,782 |
Wal-Mart Stores, Inc. | 21,131 | 1,844,948 |
Food products – 1.7% | ||
Archer-Daniels-Midland Company | 10,945 | 447,322 |
Blue Buffalo Pet Products, Inc. (B) | 986 | 28,525 |
Bunge, Ltd. | 4,930 | 339,085 |
Campbell Soup Company | 6,379 | 302,173 |
Conagra Brands, Inc. | 12,977 | 443,294 |
General Mills, Inc. | 11,687 | 606,789 |
Hormel Foods Corp. (A) | 7,373 | 229,743 |
Ingredion, Inc. | 2,581 | 323,528 |
Kellogg Company | 4,960 | 310,149 |
Lamb Weston Holdings, Inc. | 4,326 | 220,583 |
McCormick & Company, Inc. | 4,075 | 405,585 |
Mondelez International, Inc., Class A | 18,568 | 769,272 |
Pilgrim's Pride Corp. (A)(B) | 1,837 | 58,380 |
Pinnacle Foods, Inc. | 2,701 | 146,988 |
Post Holdings, Inc. (B) | 1,565 | 129,785 |
The Hershey Company | 5,304 | 563,179 |
The J.M. Smucker Company | 3,180 | 337,239 |
The Kraft Heinz Company | 4,845 | 374,664 |
Tyson Foods, Inc., Class A | 7,433 | 541,940 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Household products – 1.1% | ||
Church & Dwight Company, Inc. | 4,857 | $219,391 |
Colgate-Palmolive Company | 8,791 | 619,326 |
Kimberly-Clark Corp. | 4,693 | 528,009 |
Spectrum Brands Holdings, Inc. (A) | 674 | 74,086 |
The Clorox Company | 4,365 | 552,303 |
The Procter & Gamble Company | 25,976 | 2,242,768 |
Personal products – 0.2% | ||
Coty, Inc., Class A | 2,919 | 44,953 |
Herbalife, Ltd. (B) | 1,598 | 116,047 |
The Estee Lauder Companies, Inc., Class A | 4,442 | 496,660 |
Tobacco – 0.7% | ||
Altria Group, Inc. | 21,347 | 1,370,904 |
Philip Morris International, Inc. | 13,464 | 1,408,873 |
Energy – 5.3% | 20,093,424 | |
Energy equipment and services – 0.5% | ||
Baker Hughes, a GE Company | 4,911 | 154,353 |
Halliburton Company | 9,262 | 395,858 |
National Oilwell Varco, Inc. | 8,512 | 291,025 |
Schlumberger, Ltd. | 11,475 | 734,400 |
TechnipFMC PLC (B) | 11,784 | 322,764 |
Oil, gas and consumable fuels – 4.8% | ||
Anadarko Petroleum Corp. | 7,789 | 384,543 |
Andeavor | 5,110 | 542,886 |
Antero Resources Corp. (A)(B) | 7,554 | 146,548 |
Apache Corp. | 7,841 | 324,382 |
Cabot Oil & Gas Corp. | 9,641 | 267,056 |
Cheniere Energy Partners LP Holdings LLC | 599 | 14,999 |
Cheniere Energy, Inc. (B) | 3,122 | 145,922 |
Chevron Corp. | 23,318 | 2,702,323 |
Cimarex Energy Company | 2,120 | 247,892 |
Concho Resources, Inc. (B) | 3,122 | 419,004 |
ConocoPhillips | 14,443 | 738,759 |
Continental Resources, Inc. (B) | 2,356 | 95,913 |
Devon Energy Corp. | 8,567 | 316,122 |
Diamondback Energy, Inc. (B) | 1,319 | 141,344 |
Energen Corp. (B) | 1,641 | 84,840 |
EOG Resources, Inc. | 5,985 | 597,722 |
EQT Corp. (A) | 6,360 | 397,754 |
Exxon Mobil Corp. | 49,639 | 4,137,411 |
Hess Corp. | 7,831 | 345,817 |
HollyFrontier Corp. | 6,481 | 239,473 |
Kinder Morgan, Inc. | 25,966 | 470,244 |
Marathon Oil Corp. | 19,721 | 280,433 |
Marathon Petroleum Corp. | 16,520 | 986,905 |
Newfield Exploration Company (B) | 3,643 | 112,168 |
Noble Energy, Inc. | 14,581 | 406,372 |
Occidental Petroleum Corp. | 8,781 | 566,989 |
ONEOK, Inc. | 7,963 | 432,152 |
44 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Oil, gas and consumable fuels (continued) | ||
Parsley Energy, Inc., Class A (B) | 3,411 | $90,733 |
Phillips 66 | 6,300 | 573,804 |
Pioneer Natural Resources Company | 2,457 | 367,739 |
Rice Energy, Inc. (B) | 1,032 | 29,257 |
RSP Permian, Inc. (B) | 736 | 25,326 |
Targa Resources Corp. | 3,367 | 139,731 |
The Williams Companies, Inc. | 18,139 | 516,962 |
Valero Energy Corp. | 11,478 | 905,499 |
Financials – 15.1% | 57,689,159 | |
Banks – 5.7% | ||
Bank of America Corp. | 97,827 | 2,679,482 |
Bank of the Ozarks | 1,427 | 66,527 |
BB&T Corp. | 12,308 | 606,046 |
BOK Financial Corp. | 364 | 31,475 |
CIT Group, Inc. | 5,886 | 274,405 |
Citigroup, Inc. | 28,149 | 2,068,952 |
Citizens Financial Group, Inc. | 12,698 | 482,651 |
Comerica, Inc. | 5,441 | 427,499 |
Commerce Bancshares, Inc. | 2,038 | 118,530 |
Cullen/Frost Bankers, Inc. | 697 | 68,655 |
East West Bancorp, Inc. | 3,841 | 229,845 |
Fifth Third Bancorp | 29,370 | 848,793 |
First Republic Bank | 3,835 | 373,529 |
Huntington Bancshares, Inc. | 27,820 | 383,916 |
JPMorgan Chase & Co. | 44,005 | 4,427,343 |
KeyCorp | 28,189 | 514,449 |
M&T Bank Corp. | 4,269 | 711,941 |
PacWest Bancorp | 2,507 | 121,138 |
People's United Financial, Inc. | 8,360 | 155,998 |
Regions Financial Corp. | 43,652 | 675,733 |
Signature Bank (B) | 1,282 | 166,673 |
SunTrust Banks, Inc. | 12,938 | 778,997 |
SVB Financial Group (B) | 1,182 | 259,189 |
Synovus Financial Corp. | 1,228 | 57,532 |
The PNC Financial Services Group, Inc. | 6,451 | 882,432 |
U.S. Bancorp | 20,062 | 1,090,972 |
Wells Fargo & Company | 53,644 | 3,011,574 |
Western Alliance Bancorp (B) | 985 | 54,963 |
Zions Bancorporation | 5,853 | 271,930 |
Capital markets – 3.4% | ||
Affiliated Managers Group, Inc. | 1,554 | 289,821 |
Ameriprise Financial, Inc. | 5,878 | 920,142 |
BlackRock, Inc. | 1,107 | 521,209 |
Cboe Global Markets, Inc. | 2,014 | 227,703 |
CME Group, Inc. | 4,123 | 565,552 |
E*TRADE Financial Corp. (B) | 7,119 | 310,317 |
Eaton Vance Corp. | 2,308 | 116,485 |
FactSet Research Systems, Inc. | 1,134 | 215,313 |
Franklin Resources, Inc. | 9,590 | 404,027 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
Intercontinental Exchange, Inc. | 8,019 | $530,056 |
Invesco, Ltd. | 10,861 | 388,715 |
Janus Henderson Group PLC | 817 | 28,391 |
Lazard, Ltd., Class A | 678 | 32,232 |
MarketAxess Holdings, Inc. | 841 | 146,334 |
Moody's Corp. | 4,953 | 705,357 |
Morgan Stanley | 16,055 | 802,750 |
MSCI, Inc. | 2,856 | 335,180 |
Nasdaq, Inc. | 3,489 | 253,476 |
Northern Trust Corp. | 6,499 | 607,786 |
Raymond James Financial, Inc. | 3,819 | 323,775 |
S&P Global, Inc. | 4,954 | 775,152 |
SEI Investments Company | 5,065 | 326,743 |
State Street Corp. | 5,946 | 547,032 |
T. Rowe Price Group, Inc. | 6,905 | 641,475 |
TD Ameritrade Holding Corp. | 9,184 | 459,108 |
The Bank of New York Mellon Corp. | 16,309 | 839,098 |
The Charles Schwab Corp. | 15,068 | 675,649 |
The Goldman Sachs Group, Inc. | 4,097 | 993,441 |
Wins Finance Holdings, Inc. (B)(C) | 4 | 840 |
Consumer finance – 0.9% | ||
Ally Financial, Inc. | 18,149 | 474,233 |
American Express Company | 9,577 | 914,795 |
Capital One Financial Corp. | 10,657 | 982,362 |
Credit Acceptance Corp. (B) | 35 | 10,036 |
Discover Financial Services | 9,443 | 628,243 |
Santander Consumer USA Holdings, Inc. (B) | 2,157 | 35,892 |
Synchrony Financial | 11,733 | 382,730 |
Diversified financial services – 1.1% | ||
Berkshire Hathaway, Inc., Class B (B) | 19,895 | 3,719,171 |
Leucadia National Corp. | 8,241 | 208,497 |
Voya Financial, Inc. | 4,677 | 187,828 |
Insurance – 4.0% | ||
Aflac, Inc. | 7,736 | 648,973 |
Alleghany Corp. (B) | 427 | 241,776 |
American Financial Group, Inc. | 2,445 | 257,923 |
American International Group, Inc. | 12,405 | 801,487 |
Aon PLC | 5,024 | 720,592 |
Arch Capital Group, Ltd. (B) | 3,095 | 308,386 |
Arthur J. Gallagher & Company | 4,377 | 277,195 |
Assurant, Inc. | 1,736 | 174,728 |
Assured Guaranty, Ltd. | 2,249 | 83,438 |
Athene Holding, Ltd., Class A (B) | 987 | 51,452 |
Axis Capital Holdings, Ltd. | 3,000 | 163,170 |
Brighthouse Financial, Inc. (B) | 1,105 | 68,709 |
Brown & Brown, Inc. | 3,240 | 161,482 |
Chubb, Ltd. | 4,300 | 648,526 |
Cincinnati Financial Corp. | 4,425 | 310,502 |
CNA Financial Corp. | 1,003 | 54,292 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 45 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Insurance (continued) | ||
Erie Indemnity Company, Class A | 554 | $66,923 |
Everest Re Group, Ltd. | 1,369 | 325,069 |
First American Financial Corp. | 633 | 34,448 |
FNF Group | 7,085 | 265,121 |
Lincoln National Corp. | 8,213 | 622,381 |
Loews Corp. | 9,009 | 446,036 |
Markel Corp. (B) | 299 | 324,206 |
Marsh & McLennan Companies, Inc. | 7,570 | 612,640 |
MetLife, Inc. | 9,645 | 516,779 |
Old Republic International Corp. | 6,122 | 124,215 |
Principal Financial Group, Inc. | 10,245 | 674,633 |
Prudential Financial, Inc. | 7,517 | 830,328 |
Reinsurance Group of America, Inc. | 2,311 | 345,217 |
RenaissanceRe Holdings, Ltd. | 1,040 | 143,894 |
The Allstate Corp. | 6,509 | 610,935 |
The Hartford Financial Services Group, Inc. | 15,403 | 847,935 |
The Progressive Corp. | 11,240 | 546,826 |
The Travelers Companies, Inc. | 7,199 | 953,508 |
Torchmark Corp. | 3,931 | 330,715 |
Unum Group | 9,417 | 490,061 |
W.R. Berkley Corp. | 3,375 | 231,458 |
Willis Towers Watson PLC | 3,139 | 505,630 |
XL Group, Ltd. | 8,191 | 331,490 |
Thrifts and mortgage finance – 0.0% | ||
New York Community Bancorp, Inc. | 13,373 | 167,965 |
Health care – 12.8% | 48,894,063 | |
Biotechnology – 2.1% | ||
AbbVie, Inc. | 14,493 | 1,307,993 |
Alexion Pharmaceuticals, Inc. (B) | 2,446 | 292,688 |
Alkermes PLC (B) | 2,275 | 110,929 |
Alnylam Pharmaceuticals, Inc. (B) | 244 | 29,729 |
Amgen, Inc. | 9,059 | 1,587,318 |
Biogen, Inc. (B) | 2,724 | 848,962 |
BioMarin Pharmaceutical, Inc. (B) | 2,571 | 211,053 |
Bioverativ, Inc. (B) | 2,234 | 126,221 |
Bluebird Bio, Inc. (B) | 191 | 26,568 |
Celgene Corp. (B) | 7,570 | 764,343 |
Exelixis, Inc. (B) | 2,365 | 58,628 |
Gilead Sciences, Inc. | 16,723 | 1,253,556 |
Incyte Corp. (B) | 2,236 | 253,227 |
Ionis Pharmaceuticals, Inc. (B) | 995 | 56,824 |
Regeneron Pharmaceuticals, Inc. (B) | 890 | 358,332 |
Seattle Genetics, Inc. (B) | 1,317 | 80,745 |
TESARO, Inc. (B) | 298 | 34,499 |
United Therapeutics Corp. (B) | 1,420 | 168,398 |
Vertex Pharmaceuticals, Inc. (B) | 2,851 | 416,902 |
Health care equipment and supplies – 3.0% | ||
Abbott Laboratories | 23,977 | 1,300,273 |
ABIOMED, Inc. (B) | 562 | 108,421 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
Align Technology, Inc. (B) | 1,176 | $281,040 |
Baxter International, Inc. | 8,335 | 537,357 |
Becton, Dickinson and Company | 3,913 | 816,526 |
Boston Scientific Corp. (B) | 17,177 | 483,361 |
C.R. Bard, Inc. | 2,789 | 912,198 |
Danaher Corp. | 7,122 | 657,147 |
DENTSPLY SIRONA, Inc. | 6,364 | 388,649 |
DexCom, Inc. (A)(B) | 1,125 | 50,591 |
Edwards Lifesciences Corp. (B) | 5,452 | 557,358 |
Hologic, Inc. (B) | 9,790 | 370,552 |
IDEXX Laboratories, Inc. (B) | 2,621 | 435,532 |
Intuitive Surgical, Inc. (B) | 1,452 | 545,023 |
Medtronic PLC | 13,841 | 1,114,477 |
ResMed, Inc. | 4,001 | 336,804 |
STERIS PLC | 1,878 | 175,274 |
Stryker Corp. | 4,536 | 702,490 |
Teleflex, Inc. | 1,062 | 251,673 |
The Cooper Companies, Inc. | 1,262 | 303,208 |
Varian Medical Systems, Inc. (B) | 3,072 | 320,072 |
West Pharmaceutical Services, Inc. | 1,265 | 128,271 |
Zimmer Biomet Holdings, Inc. | 4,790 | 582,560 |
Health care providers and services – 3.4% | ||
Aetna, Inc. | 7,458 | 1,268,084 |
AmerisourceBergen Corp. | 4,890 | 376,286 |
Anthem, Inc. | 5,747 | 1,202,330 |
Cardinal Health, Inc. | 8,371 | 518,165 |
Centene Corp. (B) | 4,891 | 458,140 |
Cigna Corp. | 5,592 | 1,102,854 |
DaVita, Inc. (B) | 8,808 | 534,998 |
Envision Healthcare Corp. (B) | 2,200 | 93,720 |
Express Scripts Holding Company (B) | 11,768 | 721,261 |
HCA Healthcare, Inc. (B) | 3,726 | 281,872 |
Henry Schein, Inc. (B) | 5,934 | 466,412 |
Humana, Inc. | 2,736 | 698,638 |
Laboratory Corp. of America Holdings (B) | 4,337 | 666,640 |
McKesson Corp. | 3,832 | 528,356 |
Quest Diagnostics, Inc. | 7,121 | 667,807 |
UnitedHealth Group, Inc. | 13,767 | 2,894,099 |
Universal Health Services, Inc., Class B | 4,062 | 417,167 |
WellCare Health Plans, Inc. (B) | 1,100 | 217,514 |
Health care technology – 0.2% | ||
athenahealth, Inc. (B) | 615 | 78,646 |
Cerner Corp. (B) | 9,301 | 628,004 |
Veeva Systems, Inc., Class A (B) | 1,196 | 72,884 |
Life sciences tools and services – 1.0% | ||
Agilent Technologies, Inc. | 9,641 | 655,877 |
Bio-Rad Laboratories, Inc., Class A (B) | 305 | 67,036 |
Charles River Laboratories International, Inc. (B) | 302 | 35,120 |
Illumina, Inc. (B) | 2,088 | 428,437 |
46 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Life sciences tools and services (continued) | ||
INC Research Holdings, Inc., Class A (B) | 549 | $31,375 |
Mettler-Toledo International, Inc. (B) | 839 | 572,727 |
PerkinElmer, Inc. | 2,936 | 212,332 |
Quintiles IMS Holdings, Inc. (B) | 3,330 | 359,973 |
Thermo Fisher Scientific, Inc. | 4,571 | 885,997 |
Waters Corp. (B) | 2,530 | 496,007 |
Pharmaceuticals – 3.1% | ||
Allergan PLC | 3,104 | 550,122 |
Bristol-Myers Squibb Company | 13,565 | 836,418 |
Catalent, Inc. (B) | 669 | 28,493 |
Eli Lilly & Company | 10,671 | 874,382 |
Jazz Pharmaceuticals PLC (B) | 1,328 | 187,952 |
Johnson & Johnson | 28,684 | 3,998,836 |
Merck & Company, Inc. | 30,341 | 1,671,486 |
Mylan NV (B) | 12,072 | 431,091 |
Perrigo Company PLC | 3,149 | 255,038 |
Pfizer, Inc. | 68,350 | 2,396,351 |
Zoetis, Inc. | 10,645 | 679,364 |
Industrials – 12.5% | 47,881,990 | |
Aerospace and defense – 2.4% | ||
Arconic, Inc. | 10,664 | 267,880 |
BWX Technologies, Inc. | 477 | 28,582 |
General Dynamics Corp. | 3,348 | 679,577 |
HEICO Corp. | 240 | 21,763 |
HEICO Corp., Class A | 633 | 48,171 |
Huntington Ingalls Industries, Inc. | 1,326 | 308,733 |
L3 Technologies, Inc. | 2,654 | 496,776 |
Lockheed Martin Corp. | 3,037 | 935,882 |
Northrop Grumman Corp. | 3,441 | 1,016,919 |
Orbital ATK, Inc. | 1,164 | 154,731 |
Raytheon Company | 4,583 | 825,857 |
Rockwell Collins, Inc. | 5,273 | 715,019 |
Spirit AeroSystems Holdings, Inc., Class A | 3,434 | 275,063 |
Teledyne Technologies, Inc. (B) | 192 | 32,632 |
Textron, Inc. | 8,659 | 456,676 |
The Boeing Company | 5,748 | 1,482,869 |
TransDigm Group, Inc. | 1,171 | 324,953 |
United Technologies Corp. | 10,033 | 1,201,552 |
Air freight and logistics – 0.7% | ||
C.H. Robinson Worldwide, Inc. (A) | 4,821 | 378,593 |
Expeditors International of Washington, Inc. | 5,732 | 334,634 |
FedEx Corp. | 3,931 | 887,659 |
United Parcel Service, Inc., Class B | 7,137 | 838,812 |
XPO Logistics, Inc. (B) | 1,996 | 138,423 |
Airlines – 0.9% | ||
Alaska Air Group, Inc. | 4,502 | 297,267 |
American Airlines Group, Inc. | 14,662 | 686,475 |
Copa Holdings SA, Class A | 200 | 24,638 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Airlines (continued) | ||
Delta Air Lines, Inc. | 15,683 | $784,620 |
JetBlue Airways Corp. (B) | 7,785 | 149,083 |
Southwest Airlines Company | 13,538 | 729,157 |
United Continental Holdings, Inc. (B) | 12,582 | 735,795 |
Building products – 0.5% | ||
Allegion PLC | 2,469 | 205,890 |
AO Smith Corp. | 3,305 | 195,656 |
Fortune Brands Home & Security, Inc. | 4,308 | 284,586 |
Johnson Controls International PLC | 15,103 | 625,113 |
Lennox International, Inc. | 1,038 | 198,393 |
Masco Corp. | 7,868 | 313,304 |
Owens Corning | 3,393 | 280,567 |
Commercial services and supplies – 0.7% | ||
Cintas Corp. | 3,432 | 511,505 |
Copart, Inc. (B) | 4,886 | 177,313 |
KAR Auction Services, Inc. | 3,835 | 181,511 |
Republic Services, Inc. | 10,708 | 696,770 |
Rollins, Inc. | 2,329 | 102,266 |
Stericycle, Inc. (B) | 2,127 | 150,698 |
Waste Management, Inc. | 8,966 | 736,736 |
Construction and engineering – 0.2% | ||
AECOM (B) | 3,522 | 123,481 |
Fluor Corp. | 5,763 | 248,328 |
Jacobs Engineering Group, Inc. | 3,673 | 213,805 |
Quanta Services, Inc. (B) | 2,149 | 81,082 |
Electrical equipment – 0.8% | ||
Acuity Brands, Inc. | 941 | 157,335 |
AMETEK, Inc. | 7,052 | 475,939 |
Eaton Corp. PLC | 8,069 | 645,681 |
Emerson Electric Company | 10,780 | 694,879 |
Hubbell, Inc. | 1,627 | 204,709 |
Rockwell Automation, Inc. | 4,199 | 843,243 |
Sensata Technologies Holding NV (B) | 4,784 | 233,985 |
Industrial conglomerates – 1.4% | ||
3M Company | 6,810 | 1,567,594 |
Carlisle Companies, Inc. | 2,075 | 227,897 |
General Electric Company | 82,261 | 1,658,382 |
Honeywell International, Inc. | 8,404 | 1,211,521 |
Roper Technologies, Inc. | 2,842 | 733,719 |
Machinery – 2.9% | ||
AGCO Corp. | 336 | 23,040 |
Allison Transmission Holdings, Inc. | 4,308 | 183,047 |
Caterpillar, Inc. | 7,922 | 1,075,808 |
Cummins, Inc. | 3,695 | 653,572 |
Deere & Company | 6,683 | 888,037 |
Donaldson Company, Inc. | 4,139 | 195,402 |
Dover Corp. | 7,005 | 668,907 |
Flowserve Corp. | 4,772 | 210,302 |
Fortive Corp. | 7,164 | 517,671 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 47 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Graco, Inc. | 683 | $90,013 |
IDEX Corp. | 2,261 | 289,883 |
Illinois Tool Works, Inc. | 5,474 | 856,790 |
Ingersoll-Rand PLC | 8,973 | 795,008 |
Lincoln Electric Holdings, Inc. | 1,697 | 155,564 |
Nordson Corp. | 1,144 | 144,933 |
Oshkosh Corp. | 1,308 | 119,760 |
PACCAR, Inc. | 11,475 | 823,102 |
Parker-Hannifin Corp. | 4,714 | 860,824 |
Pentair PLC | 4,926 | 347,086 |
Snap-on, Inc. | 1,763 | 278,166 |
Stanley Black & Decker, Inc. | 5,092 | 822,613 |
The Middleby Corp. (B) | 1,364 | 158,088 |
The Toro Company | 2,191 | 137,704 |
WABCO Holdings, Inc. (B) | 1,465 | 216,190 |
Wabtec Corp. (A) | 2,305 | 176,333 |
Xylem, Inc. | 4,706 | 313,090 |
Professional services – 0.5% | ||
Equifax, Inc. | 4,454 | 483,393 |
IHS Markit, Ltd. (B) | 1,206 | 51,388 |
ManpowerGroup, Inc. | 2,988 | 368,361 |
Nielsen Holdings PLC | 7,136 | 264,532 |
Robert Half International, Inc. | 3,966 | 205,320 |
TransUnion (B) | 2,411 | 126,553 |
Verisk Analytics, Inc. (B) | 4,321 | 367,501 |
Road and rail – 1.1% | ||
AMERCO | 227 | 89,129 |
CSX Corp. | 18,715 | 943,797 |
J.B. Hunt Transport Services, Inc. | 3,869 | 411,623 |
Kansas City Southern | 3,461 | 360,705 |
Norfolk Southern Corp. | 6,603 | 867,766 |
Old Dominion Freight Line, Inc. | 1,952 | 236,446 |
Union Pacific Corp. | 10,341 | 1,197,384 |
Trading companies and distributors – 0.4% | ||
Fastenal Company | 8,604 | 404,130 |
HD Supply Holdings, Inc. (B) | 5,043 | 178,472 |
United Rentals, Inc. (B) | 2,933 | 414,961 |
W.W. Grainger, Inc. (A) | 2,154 | 425,846 |
Watsco, Inc. | 615 | 102,441 |
Transportation infrastructure – 0.0% | ||
Macquarie Infrastructure Corp. | 2,022 | 140,630 |
Information technology – 21.5% | 82,282,479 | |
Communications equipment – 1.1% | ||
Arista Networks, Inc. (B) | 709 | 141,722 |
ARRIS International PLC (B) | 3,713 | 105,821 |
Brocade Communications Systems, Inc. | 6,040 | 70,366 |
Cisco Systems, Inc. | 55,069 | 1,880,606 |
CommScope Holding Company, Inc. (B) | 5,414 | 174,006 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Communications equipment (continued) | ||
EchoStar Corp., Class A (B) | 255 | $14,267 |
F5 Networks, Inc. (B) | 2,061 | 249,937 |
Harris Corp. | 4,845 | 675,005 |
Juniper Networks, Inc. | 12,473 | 309,705 |
Motorola Solutions, Inc. | 4,511 | 408,426 |
Palo Alto Networks, Inc. (B) | 1,156 | 170,163 |
Electronic equipment, instruments and components – 1.3% | ||
Amphenol Corp., Class A | 10,950 | 952,650 |
Arrow Electronics, Inc. (B) | 3,843 | 321,236 |
Avnet, Inc. | 4,769 | 189,806 |
CDW Corp. | 4,173 | 292,110 |
Cognex Corp. | 827 | 101,845 |
Coherent, Inc. (B) | 102 | 26,796 |
Corning, Inc. | 27,663 | 866,129 |
Dolby Laboratories, Inc., Class A | 856 | 49,597 |
Flex, Ltd. (B) | 24,597 | 437,821 |
FLIR Systems, Inc. | 1,483 | 69,434 |
IPG Photonics Corp. (B) | 779 | 165,857 |
Jabil, Inc. | 1,204 | 34,049 |
Keysight Technologies, Inc. (B) | 4,505 | 201,238 |
National Instruments Corp. | 490 | 22,050 |
TE Connectivity, Ltd. | 8,202 | 746,136 |
Trimble, Inc. (B) | 6,556 | 268,009 |
Zebra Technologies Corp., Class A (B) | 300 | 34,797 |
Internet software and services – 2.9% | ||
Akamai Technologies, Inc. (B) | 5,255 | 274,574 |
Alphabet, Inc., Class A (B) | 4,823 | 4,982,352 |
Alphabet, Inc., Class C (B) | 770 | 782,813 |
CoStar Group, Inc. (B) | 635 | 187,801 |
eBay, Inc. (B) | 21,453 | 807,491 |
Facebook, Inc., Class A (B) | 16,489 | 2,969,009 |
GoDaddy, Inc., Class A (B) | 707 | 33,017 |
InterActiveCorp (B) | 2,234 | 288,298 |
LogMeIn, Inc. | 917 | 111,003 |
Match Group, Inc. (A)(B) | 226 | 6,043 |
Twitter, Inc. (B) | 4,687 | 96,646 |
VeriSign, Inc. (A)(B) | 2,745 | 295,142 |
Zillow Group, Inc., Class A (B) | 460 | 19,003 |
Zillow Group, Inc., Class C (A)(B) | 1,343 | 55,439 |
IT services – 4.2% | ||
Accenture PLC, Class A | 7,911 | 1,126,210 |
Alliance Data Systems Corp. | 2,055 | 459,765 |
Amdocs, Ltd. | 5,735 | 373,349 |
Automatic Data Processing, Inc. | 7,215 | 838,816 |
Black Knight, Inc. (B) | 2,759 | 125,121 |
Booz Allen Hamilton Holding Corp. | 2,031 | 76,751 |
Broadridge Financial Solutions, Inc. | 3,315 | 284,825 |
Cognizant Technology Solutions Corp., Class A | 10,136 | 766,991 |
CSRA, Inc. | 6,167 | 197,282 |
48 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
DXC Technology Company | 8,737 | $799,610 |
Euronet Worldwide, Inc. (B) | 248 | 23,967 |
Fidelity National Information Services, Inc. | 7,436 | 689,763 |
First Data Corp., Class A (B) | 7,551 | 134,483 |
Fiserv, Inc. (B) | 8,256 | 1,068,574 |
FleetCor Technologies, Inc. (B) | 2,150 | 355,331 |
Gartner, Inc. (B) | 2,288 | 286,709 |
Genpact, Ltd. | 3,097 | 94,304 |
Global Payments, Inc. | 3,443 | 357,900 |
IBM Corp. | 9,667 | 1,489,298 |
Jack Henry & Associates, Inc. | 2,263 | 249,224 |
Leidos Holdings, Inc. | 3,620 | 226,322 |
Mastercard, Inc., Class A | 10,857 | 1,615,196 |
Paychex, Inc. | 9,185 | 585,911 |
PayPal Holdings, Inc. (B) | 11,251 | 816,373 |
Sabre Corp. | 3,796 | 74,250 |
Square, Inc., Class A (A)(B) | 1,732 | 64,413 |
The Western Union Company | 16,441 | 326,518 |
Total System Services, Inc. | 6,207 | 447,214 |
Vantiv, Inc., Class A (B) | 4,180 | 292,600 |
Visa, Inc., Class A | 18,165 | 1,997,787 |
Semiconductors and semiconductor equipment – 3.9% | ||
Advanced Micro Devices, Inc. (B) | 8,780 | 96,448 |
Analog Devices, Inc. | 7,999 | 730,309 |
Applied Materials, Inc. | 22,340 | 1,260,646 |
Broadcom, Ltd. | 4,121 | 1,087,573 |
Intel Corp. | 69,993 | 3,183,982 |
KLA-Tencor Corp. | 840 | 91,468 |
Lam Research Corp. | 4,396 | 916,874 |
Marvell Technology Group, Ltd. | 13,245 | 244,635 |
Maxim Integrated Products, Inc. | 8,823 | 463,560 |
Microchip Technology, Inc. | 5,909 | 560,173 |
Micron Technology, Inc. (B) | 27,454 | 1,216,487 |
Microsemi Corp. (B) | 1,822 | 97,240 |
NVIDIA Corp. | 5,458 | 1,128,769 |
ON Semiconductor Corp. (B) | 8,571 | 182,734 |
Qorvo, Inc. (B) | 3,168 | 240,166 |
QUALCOMM, Inc. | 18,077 | 922,108 |
Skyworks Solutions, Inc. | 5,788 | 659,022 |
Teradyne, Inc. | 3,527 | 151,273 |
Texas Instruments, Inc. | 12,114 | 1,171,303 |
Xilinx, Inc. | 9,144 | 673,821 |
Software – 4.5% | ||
Activision Blizzard, Inc. | 12,049 | 789,089 |
Adobe Systems, Inc. (B) | 3,990 | 698,888 |
ANSYS, Inc. (B) | 2,302 | 314,706 |
Atlassian Corp. PLC, Class A (B) | 819 | 39,615 |
Autodesk, Inc. (B) | 4,413 | 551,448 |
CA, Inc. | 12,957 | 419,548 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
Cadence Design Systems, Inc. (B) | 7,328 | $316,276 |
CDK Global, Inc. | 3,646 | 231,740 |
Citrix Systems, Inc. (B) | 4,709 | 389,010 |
Dell Technologies, Inc., Class V (B) | 4,458 | 368,989 |
Electronic Arts, Inc. (B) | 4,832 | 577,907 |
Fortinet, Inc. (B) | 1,986 | 78,268 |
Guidewire Software, Inc. (B) | 263 | 21,035 |
Intuit, Inc. | 4,626 | 698,619 |
Microsoft Corp. | 74,022 | 6,157,150 |
Oracle Corp. | 40,614 | 2,067,253 |
PTC, Inc. (B) | 1,468 | 97,549 |
Red Hat, Inc. (B) | 4,174 | 504,344 |
salesforce.com, Inc. (B) | 4,519 | 462,474 |
ServiceNow, Inc. (B) | 2,367 | 299,118 |
Snap, Inc., Class A (A)(B) | 1,155 | 17,718 |
Splunk, Inc. (B) | 1,869 | 125,784 |
SS&C Technologies Holdings, Inc. | 4,769 | 191,714 |
Symantec Corp. | 20,659 | 671,418 |
Synopsys, Inc. (B) | 4,387 | 379,563 |
Tableau Software, Inc., Class A (B) | 219 | 17,759 |
Take-Two Interactive Software, Inc. (B) | 1,319 | 145,947 |
The Ultimate Software Group, Inc. (B) | 405 | 82,049 |
Tyler Technologies, Inc. (B) | 546 | 96,800 |
VMware, Inc., Class A (A)(B) | 1,118 | 133,813 |
Workday, Inc., Class A (B) | 1,673 | 185,686 |
Technology hardware, storage and peripherals – 3.6% | ||
Apple, Inc. | 64,224 | 10,856,425 |
Hewlett Packard Enterprise Company | 30,856 | 429,516 |
HP, Inc. | 27,150 | 585,083 |
NetApp, Inc. | 9,214 | 409,286 |
Seagate Technology PLC | 12,060 | 445,858 |
Western Digital Corp. | 10,845 | 968,133 |
Xerox Corp. | 8,091 | 245,238 |
Materials – 4.1% | 15,731,638 | |
Chemicals – 2.5% | ||
Air Products & Chemicals, Inc. | 3,545 | 565,179 |
Albemarle Corp. | 3,056 | 430,560 |
Axalta Coating Systems, Ltd. (B) | 5,634 | 187,331 |
Celanese Corp., Series A | 4,880 | 509,033 |
CF Industries Holdings, Inc. | 8,864 | 336,655 |
DowDuPont, Inc. | 17,594 | 1,272,222 |
Eastman Chemical Company | 5,861 | 532,237 |
Ecolab, Inc. | 4,112 | 537,274 |
FMC Corp. | 3,885 | 360,761 |
Huntsman Corp. | 4,269 | 136,693 |
International Flavors & Fragrances, Inc. | 2,484 | 366,191 |
LyondellBasell Industries NV, Class A | 5,571 | 576,766 |
Monsanto Company | 5,513 | 667,624 |
NewMarket Corp. | 254 | 101,699 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 49 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Chemicals (continued) | ||
Olin Corp. | 2,605 | $95,161 |
PPG Industries, Inc. | 4,708 | 547,258 |
Praxair, Inc. | 4,413 | 644,828 |
RPM International, Inc. | 4,068 | 216,946 |
The Chemours Company | 2,098 | 118,768 |
The Mosaic Company | 7,431 | 166,009 |
The Scotts Miracle-Gro Company | 1,169 | 116,456 |
The Sherwin-Williams Company | 1,525 | 602,604 |
W.R. Grace & Company | 1,822 | 139,365 |
Westlake Chemical Corp. | 1,036 | 87,967 |
Construction materials – 0.2% | ||
Martin Marietta Materials, Inc. | 1,768 | 383,391 |
Vulcan Materials Company | 3,741 | 455,467 |
Containers and packaging – 0.8% | ||
AptarGroup, Inc. | 1,238 | 107,793 |
Avery Dennison Corp. | 2,196 | 233,149 |
Ball Corp. | 10,735 | 460,854 |
Berry Global Group, Inc. (B) | 2,798 | 166,341 |
Crown Holdings, Inc. (B) | 4,022 | 242,004 |
International Paper Company | 15,545 | 890,262 |
Packaging Corp. of America | 3,138 | 364,855 |
Sealed Air Corp. | 5,639 | 249,413 |
Sonoco Products Company | 2,703 | 139,988 |
WestRock Company | 5,358 | 328,606 |
Metals and mining – 0.6% | ||
Alcoa Corp. (B) | 4,303 | 205,597 |
Freeport-McMoRan, Inc. (B) | 36,412 | 509,040 |
Newmont Mining Corp. | 13,672 | 494,380 |
Nucor Corp. | 10,695 | 618,492 |
Reliance Steel & Aluminum Company | 2,326 | 178,730 |
Royal Gold, Inc. | 350 | 29,439 |
Southern Copper Corp. (A) | 1,580 | 67,861 |
Steel Dynamics, Inc. | 6,601 | 245,623 |
United States Steel Corp. (A) | 1,768 | 44,766 |
Real estate – 3.5% | 13,206,175 | |
Equity real estate investment trusts – 3.3% | ||
Alexandria Real Estate Equities, Inc. | 1,716 | 212,715 |
American Campus Communities, Inc. | 2,223 | 92,432 |
American Homes 4 Rent, Class A | 3,192 | 67,926 |
American Tower Corp. | 4,229 | 607,580 |
Apartment Investment & Management Company, Class A | 3,175 | 139,637 |
AvalonBay Communities, Inc. | 2,741 | 497,026 |
Boston Properties, Inc. | 3,215 | 389,594 |
Brixmor Property Group, Inc. | 5,118 | 89,411 |
Camden Property Trust | 1,790 | 163,320 |
Colony NorthStar, Inc., Class A | 5,784 | 71,028 |
CoreSite Realty Corp. | 138 | 15,284 |
Crown Castle International Corp. | 4,700 | 503,276 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
CyrusOne, Inc. | 336 | $20,627 |
DCT Industrial Trust, Inc. | 368 | 21,351 |
Digital Realty Trust, Inc. | 3,318 | 392,984 |
Douglas Emmett, Inc. | 2,256 | 89,766 |
Duke Realty Corp. | 7,289 | 207,591 |
EPR Properties | 575 | 39,779 |
Equinix, Inc. | 990 | 458,865 |
Equity LifeStyle Properties, Inc. | 1,426 | 126,172 |
Equity Residential | 6,738 | 453,198 |
Essex Property Trust, Inc. | 1,332 | 349,557 |
Extra Space Storage, Inc. | 2,348 | 191,573 |
Federal Realty Investment Trust | 1,472 | 177,405 |
Forest City Realty Trust, Inc., Class A | 4,232 | 104,234 |
Gaming and Leisure Properties, Inc. | 3,024 | 110,497 |
GGP, Inc. | 8,385 | 163,172 |
HCP, Inc. | 9,377 | 242,302 |
Healthcare Trust of America, Inc., Class A | 784 | 23,559 |
Highwoods Properties, Inc. | 1,671 | 85,305 |
Host Hotels & Resorts, Inc. | 15,599 | 305,116 |
Hudson Pacific Properties, Inc. | 1,608 | 54,383 |
Invitation Homes, Inc. | 348 | 7,854 |
Iron Mountain, Inc. | 5,418 | 216,720 |
Kilroy Realty Corp. | 1,863 | 132,701 |
Kimco Realty Corp. | 8,626 | 156,648 |
Lamar Advertising Company, Class A | 1,487 | 104,744 |
Liberty Property Trust | 3,031 | 129,969 |
MGM Growth Properties LLC, Class A (A) | 892 | 26,323 |
Mid-America Apartment Communities, Inc. | 1,888 | 193,237 |
National Retail Properties, Inc. (A) | 2,700 | 108,486 |
Omega Healthcare Investors, Inc. (A) | 3,555 | 102,597 |
Park Hotels & Resorts, Inc. | 1,836 | 52,858 |
Prologis, Inc. | 7,294 | 471,047 |
Public Storage | 1,602 | 332,015 |
Realty Income Corp. | 5,262 | 282,412 |
Regency Centers Corp. | 2,271 | 139,780 |
SBA Communications Corp. (B) | 3,125 | 491,188 |
Senior Housing Properties Trust | 2,169 | 39,910 |
Simon Property Group, Inc. | 2,993 | 464,903 |
SL Green Realty Corp. | 2,070 | 198,058 |
Sun Communities, Inc. | 1,050 | 94,773 |
The Macerich Company | 2,935 | 160,251 |
UDR, Inc. | 5,478 | 212,492 |
Ventas, Inc. | 6,272 | 393,568 |
VEREIT, Inc. | 16,275 | 128,410 |
Vornado Realty Trust | 3,716 | 278,180 |
Welltower, Inc. | 5,889 | 394,327 |
Weyerhaeuser Company | 20,931 | 751,632 |
WP Carey, Inc. | 2,024 | 137,936 |
50 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Real estate management and development – 0.2% | ||
CBRE Group, Inc., Class A (B) | 8,136 | $319,908 |
Jones Lang LaSalle, Inc. | 1,164 | 150,726 |
The Howard Hughes Corp. (B) | 516 | 65,857 |
Telecommunication services – 1.3% | 5,017,281 | |
Diversified telecommunication services – 1.2% | ||
AT&T, Inc. | 62,548 | 2,104,740 |
CenturyLink, Inc. (A) | 27,565 | 523,459 |
Verizon Communications, Inc. | 40,211 | 1,924,901 |
Zayo Group Holdings, Inc. (B) | 3,698 | 133,350 |
Wireless telecommunication services – 0.1% | ||
Sprint Corp. (A)(B) | 11,187 | 73,163 |
T-Mobile US, Inc. (B) | 4,311 | 257,668 |
Utilities – 4.5% | 17,394,875 | |
Electric utilities – 2.5% | ||
Alliant Energy Corp. | 6,690 | 289,409 |
American Electric Power Company, Inc. | 11,135 | 828,555 |
Avangrid, Inc. | 326 | 16,864 |
Duke Energy Corp. | 6,775 | 598,300 |
Edison International | 11,759 | 940,132 |
Entergy Corp. | 6,826 | 588,811 |
Eversource Energy | 9,043 | 566,454 |
Exelon Corp. | 18,931 | 761,216 |
FirstEnergy Corp. | 13,137 | 432,864 |
Great Plains Energy, Inc. | 2,038 | 66,908 |
NextEra Energy, Inc. | 6,090 | 944,376 |
OGE Energy Corp. | 7,874 | 290,078 |
PG&E Corp. | 9,362 | 540,843 |
Pinnacle West Capital Corp. | 4,131 | 362,330 |
PPL Corp. | 15,992 | 600,660 |
The Southern Company | 12,913 | 674,059 |
Westar Energy, Inc. | 3,985 | 213,118 |
Xcel Energy, Inc. | 18,325 | 907,454 |
Gas utilities – 0.2% | ||
Atmos Energy Corp. | 2,672 | 233,105 |
National Fuel Gas Company | 1,743 | 101,181 |
UGI Corp. | 5,776 | 276,439 |
Independent power and renewable electricity producers –0.1% | ||
AES Corp. | 25,058 | 266,367 |
Calpine Corp. (B) | 3,447 | 51,498 |
NRG Energy, Inc. | 4,633 | 115,825 |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Independent power and renewable electricityproducers (continued) | ||
Vistra Energy Corp. | 1,493 | $29,024 |
Multi-utilities – 1.6% | ||
Ameren Corp. | 9,090 | 563,489 |
CenterPoint Energy, Inc. | 15,606 | 461,625 |
CMS Energy Corp. | 8,510 | 411,629 |
Consolidated Edison, Inc. | 9,827 | 845,613 |
Dominion Energy, Inc. | 8,402 | 681,738 |
DTE Energy Company | 6,086 | 672,260 |
MDU Resources Group, Inc. | 4,217 | 115,335 |
NiSource, Inc. | 13,290 | 350,457 |
Public Service Enterprise Group, Inc. | 19,198 | 944,542 |
SCANA Corp. | 4,330 | 186,796 |
Sempra Energy | 3,434 | 403,495 |
Vectren Corp. | 444 | 30,254 |
WEC Energy Group, Inc. | 8,122 | 547,342 |
Water utilities – 0.1% | ||
American Water Works Company, Inc. | 4,563 | 400,449 |
Aqua America, Inc. | 2,367 | 83,981 |
SECURITIES LENDING COLLATERAL – 1.0% | $4,042,656 | |
(Cost $4,042,809) | ||
John Hancock Collateral Trust, 1.1946% (D)(E) | 404,039 | 4,042,656 |
SHORT-TERM INVESTMENTS – 0.1% | $237,405 | |
(Cost $237,405) | ||
Money market funds – 0.1% | 237,405 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (D) | 237,405 | 237,405 |
Total investments (Multifactor Large Cap ETF) (Cost $340,277,626) 101.0% | $386,188,890 | |
Other assets and liabilities, net (1.0%) | (3,892,815) | |
Total net assets 100.0% | $382,296,075 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 10-31-17. |
(B) | Non-income producing security. |
(C) | Security is valued using significant unobservable inputs. |
(D) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 51 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis* | Notional value* | Unrealized appreciation (depreciation) |
S&P 500 Index E-Mini Futures | 1 | Long | Dec 2017 | $127,640 | $128,635 | $995 |
$995 |
Shares or Principal Amount | Value | |
COMMON STOCKS – 100.0% | $22,181,576 | |
(Cost $18,303,267) | ||
Energy – 0.5% | 115,942 | |
Oil, gas and consumable fuels – 0.5% | ||
CONSOL Energy, Inc. (A) | 7,188 | 115,942 |
Industrials – 2.8% | 619,046 | |
Aerospace and defense – 2.3% | ||
Arconic, Inc. | 19,956 | 501,295 |
Trading companies and distributors – 0.5% | ||
Univar, Inc. (A) | 3,958 | 117,751 |
Information technology – 0.8% | 169,751 | |
Semiconductors and semiconductor equipment – 0.8% | ||
Versum Materials, Inc. | 4,034 | 169,751 |
Materials – 95.9% | 21,276,837 | |
Chemicals – 64.6% | ||
Air Products & Chemicals, Inc. | 5,113 | 815,166 |
Albemarle Corp. | 4,322 | 608,927 |
Ashland Global Holdings, Inc. | 2,985 | 202,920 |
Axalta Coating Systems, Ltd. (A) | 11,271 | 374,761 |
Celanese Corp., Series A | 6,967 | 726,728 |
CF Industries Holdings, Inc. | 11,260 | 427,655 |
DowDuPont, Inc. | 18,715 | 1,353,283 |
Eastman Chemical Company | 9,767 | 886,941 |
Ecolab, Inc. | 6,017 | 786,181 |
FMC Corp. | 4,556 | 423,070 |
Huntsman Corp. | 13,757 | 440,499 |
International Flavors & Fragrances, Inc. | 3,552 | 523,636 |
LyondellBasell Industries NV, Class A | 9,728 | 1,007,139 |
Monsanto Company | 9,412 | 1,139,793 |
NewMarket Corp. | 466 | 186,582 |
Olin Corp. | 9,597 | 350,578 |
Platform Specialty Products Corp. (A) | 8,090 | 86,563 |
PPG Industries, Inc. | 8,634 | 1,003,616 |
Praxair, Inc. | 6,943 | 1,014,511 |
RPM International, Inc. | 6,990 | 372,777 |
The Chemours Company | 6,413 | 363,040 |
The Mosaic Company | 16,092 | 359,495 |
The Scotts Miracle-Gro Company | 2,212 | 220,359 |
Valvoline, Inc. | 8,549 | 205,347 |
W.R. Grace & Company | 3,374 | 258,077 |
Shares or Principal Amount | Value | |
Chemicals (continued) | ||
Westlake Chemical Corp. | 2,314 | $196,482 |
Containers and packaging – 7.9% | ||
Avery Dennison Corp. | 4,265 | 452,815 |
International Paper Company | 22,708 | 1,300,487 |
Metals and mining – 23.4% | ||
Alcoa Corp. (A) | 8,862 | 423,426 |
Freeport-McMoRan, Inc. (A) | 83,956 | 1,173,705 |
Newmont Mining Corp. | 25,707 | 929,565 |
Nucor Corp. | 21,071 | 1,218,536 |
Reliance Steel & Aluminum Company | 3,508 | 269,555 |
Royal Gold, Inc. | 3,206 | 269,657 |
Southern Copper Corp. | 2,420 | 103,939 |
Steel Dynamics, Inc. | 14,662 | 545,573 |
United States Steel Corp. | 10,089 | 255,453 |
SHORT-TERM INVESTMENTS – 0.0% | $6,965 | |
(Cost $6,965) | ||
Money market funds – 0.0% | 6,965 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (B) | 6,965 | 6,965 |
Total investments (Multifactor Materials ETF) (Cost $18,310,232) 100.0% | $22,188,541 | |
Other assets and liabilities, net 0.0% | 4,134 | |
Total net assets 100.0% | $22,192,675 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 10-31-17. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $256,503,140 | |
(Cost $230,222,313) | ||
Consumer discretionary – 12.5% | 32,198,374 | |
Auto components – 1.4% | ||
Adient PLC | 3,241 | 273,411 |
52 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Auto components (continued) | ||
Autoliv, Inc. | 4,301 | $537,023 |
BorgWarner, Inc. | 8,858 | 466,994 |
Delphi Automotive PLC | 5,843 | 580,677 |
Gentex Corp. | 17,299 | 335,774 |
Lear Corp. | 4,308 | 756,442 |
The Goodyear Tire & Rubber Company | 22,635 | 692,405 |
Automobiles – 0.3% | ||
Harley-Davidson, Inc. (A) | 10,416 | 493,093 |
Thor Industries, Inc. | 2,252 | 306,767 |
Distributors – 0.5% | ||
Genuine Parts Company | 6,895 | 608,346 |
LKQ Corp. (B) | 10,748 | 405,092 |
Pool Corp. | 2,145 | 259,073 |
Diversified consumer services – 0.5% | ||
Bright Horizons Family Solutions, Inc. (B) | 2,087 | 180,108 |
Grand Canyon Education, Inc. (B) | 806 | 72,145 |
H&R Block, Inc. | 9,534 | 235,871 |
Service Corp. International | 14,698 | 521,191 |
ServiceMaster Global Holdings, Inc. (B) | 8,261 | 389,176 |
Hotels, restaurants and leisure – 1.8% | ||
Aramark | 13,086 | 571,727 |
Chipotle Mexican Grill, Inc. (B) | 938 | 255,042 |
Darden Restaurants, Inc. | 5,932 | 488,026 |
Domino's Pizza, Inc. | 2,005 | 366,915 |
Dunkin' Brands Group, Inc. | 5,297 | 312,894 |
Hyatt Hotels Corp., Class A (B) | 1,875 | 117,488 |
International Game Technology PLC | 5,463 | 128,381 |
MGM Resorts International | 17,795 | 557,873 |
Norwegian Cruise Line Holdings, Ltd. (B) | 5,296 | 295,252 |
Six Flags Entertainment Corp. (A) | 3,714 | 233,202 |
Vail Resorts, Inc. | 1,625 | 372,158 |
Wyndham Worldwide Corp. | 5,213 | 557,009 |
Wynn Resorts, Ltd. | 1,989 | 293,358 |
Household durables – 1.9% | ||
CalAtlantic Group, Inc. | 3,025 | 149,254 |
D.R. Horton, Inc. | 14,862 | 657,049 |
Garmin, Ltd. | 4,864 | 275,351 |
Leggett & Platt, Inc. | 8,916 | 421,370 |
Lennar Corp., A Shares | 7,889 | 439,181 |
Lennar Corp., B Shares | 443 | 21,242 |
Mohawk Industries, Inc. (B) | 2,551 | 667,750 |
NVR, Inc. (B) | 172 | 564,396 |
PulteGroup, Inc. | 17,914 | 541,540 |
Toll Brothers, Inc. | 8,939 | 411,552 |
Whirlpool Corp. | 4,146 | 679,654 |
Internet and direct marketing retail – 0.5% | ||
Expedia, Inc. | 3,317 | 413,497 |
Liberty Interactive Corp., Series A (B) | 21,624 | 491,297 |
Liberty Ventures, Series A (B) | 3,400 | 193,664 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Internet and direct marketing retail (continued) | ||
TripAdvisor, Inc. (A)(B) | 3,644 | $136,650 |
Wayfair, Inc., Class A (B) | 536 | 37,466 |
Leisure products – 0.5% | ||
Brunswick Corp. | 4,977 | 252,085 |
Hasbro, Inc. | 4,954 | 458,691 |
Mattel, Inc. (A) | 16,353 | 230,904 |
Polaris Industries, Inc. (A) | 3,004 | 355,764 |
Media – 1.4% | ||
AMC Networks, Inc., Class A (B) | 2,638 | 134,221 |
Cable One, Inc. | 91 | 64,593 |
Cinemark Holdings, Inc. | 7,371 | 267,862 |
Discovery Communications, Inc., Series A (A)(B) | 4,863 | 91,813 |
Discovery Communications, Inc., Series C (B) | 7,031 | 125,222 |
Liberty Broadband Corp., Series A (B) | 896 | 77,244 |
Liberty Broadband Corp., Series C (B) | 3,365 | 293,731 |
Liberty Media Corp.-Liberty Formula One, Series A (B) | 459 | 16,708 |
Liberty Media Corp.-Liberty Formula One, Series C (B) | 5,503 | 209,884 |
Liberty Media Corp.-Liberty SiriusXM, Series A (B) | 4,684 | 195,370 |
Lions Gate Entertainment Corp., Class A (B) | 1,010 | 29,310 |
Lions Gate Entertainment Corp., Class B (B) | 3,365 | 93,076 |
Live Nation Entertainment, Inc. (B) | 7,132 | 312,239 |
News Corp., Class A | 21,073 | 287,857 |
News Corp., Class B | 6,312 | 87,737 |
Omnicom Group, Inc. | 2,595 | 174,358 |
Scripps Networks Interactive, Inc., Class A | 3,732 | 310,801 |
The Interpublic Group of Companies, Inc. | 23,388 | 450,219 |
The Madison Square Garden Company, Class A (B) | 1,249 | 278,140 |
Viacom, Inc., Class A (A) | 141 | 4,237 |
Viacom, Inc., Class B | 4,968 | 119,381 |
Multiline retail – 0.7% | ||
Dollar Tree, Inc. (B) | 8,555 | 780,644 |
Kohl's Corp. | 12,360 | 516,154 |
Macy's, Inc. | 9,141 | 171,485 |
Nordstrom, Inc. (A) | 6,661 | 264,109 |
Specialty retail – 1.9% | ||
Advance Auto Parts, Inc. | 3,808 | 311,266 |
AutoNation, Inc. (A)(B) | 5,242 | 248,471 |
AutoZone, Inc. (B) | 254 | 149,733 |
Bed Bath & Beyond, Inc. | 8,510 | 169,349 |
Best Buy Company, Inc. | 12,441 | 696,447 |
Burlington Stores, Inc. (B) | 3,702 | 347,581 |
CarMax, Inc. (B) | 8,714 | 654,421 |
Foot Locker, Inc. | 7,840 | 235,827 |
L Brands, Inc. | 2,133 | 91,804 |
Penske Automotive Group, Inc. | 2,797 | 130,396 |
Signet Jewelers, Ltd. (A) | 2,081 | 136,451 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 53 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Specialty retail (continued) | ||
The Gap, Inc. | 6,420 | $166,856 |
The Michaels Companies, Inc. (B) | 4,322 | 83,933 |
Tiffany & Company | 3,883 | 363,526 |
Tractor Supply Company | 6,275 | 378,132 |
Ulta Beauty, Inc. (B) | 2,442 | 492,771 |
Williams-Sonoma, Inc. (A) | 5,610 | 289,476 |
Textiles, apparel and luxury goods – 1.1% | ||
Carter's, Inc. | 3,278 | 317,081 |
Columbia Sportswear Company | 1,311 | 81,780 |
Hanesbrands, Inc. (A) | 18,388 | 413,730 |
Lululemon Athletica, Inc. (B) | 4,275 | 262,955 |
Michael Kors Holdings, Ltd. (B) | 7,417 | 362,024 |
PVH Corp. | 3,472 | 440,284 |
Ralph Lauren Corp. | 2,835 | 253,534 |
Skechers U.S.A., Inc., Class A (B) | 6,192 | 197,649 |
Tapestry, Inc. | 9,165 | 375,307 |
Under Armour, Inc., Class A (A)(B) | 5,293 | 66,268 |
Under Armour, Inc., Class C (A)(B) | 5,521 | 63,657 |
Consumer staples – 3.5% | 9,044,539 | |
Beverages – 0.6% | ||
Brown-Forman Corp., Class A | 430 | 24,652 |
Brown-Forman Corp., Class B | 8,661 | 493,850 |
Dr. Pepper Snapple Group, Inc. | 7,917 | 678,170 |
Molson Coors Brewing Company, Class B | 5,527 | 446,968 |
Food and staples retailing – 0.2% | ||
Casey's General Stores, Inc. (A) | 2,785 | 319,077 |
US Foods Holding Corp. (B) | 5,438 | 148,349 |
Food products – 2.0% | ||
Blue Buffalo Pet Products, Inc. (A)(B) | 4,427 | 128,073 |
Bunge, Ltd. | 5,760 | 396,173 |
Campbell Soup Company | 6,110 | 289,431 |
Conagra Brands, Inc. | 14,554 | 497,165 |
Flowers Foods, Inc. | 3,928 | 74,750 |
Hormel Foods Corp. (A) | 3,584 | 111,677 |
Ingredion, Inc. | 4,566 | 572,348 |
Lamb Weston Holdings, Inc. | 5,686 | 289,929 |
McCormick & Company, Inc. | 4,584 | 456,246 |
Pilgrim's Pride Corp. (A)(B) | 4,206 | 133,667 |
Pinnacle Foods, Inc. | 6,556 | 356,778 |
Post Holdings, Inc. (B) | 3,901 | 323,510 |
Seaboard Corp. | 15 | 66,002 |
The Hain Celestial Group, Inc. (B) | 5,143 | 185,251 |
The Hershey Company | 6,115 | 649,291 |
The J.M. Smucker Company | 4,210 | 446,471 |
TreeHouse Foods, Inc. (B) | 2,652 | 176,040 |
Household products – 0.4% | ||
Church & Dwight Company, Inc. | 7,770 | 350,971 |
Spectrum Brands Holdings, Inc. (A) | 1,518 | 166,859 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Household products (continued) | ||
The Clorox Company | 4,737 | $599,373 |
Personal products – 0.3% | ||
Coty, Inc., Class A | 6,020 | 92,708 |
Edgewell Personal Care Company (B) | 4,065 | 263,940 |
Herbalife, Ltd. (B) | 4,225 | 306,820 |
Energy – 3.6% | 9,219,511 | |
Energy equipment and services – 0.6% | ||
Core Laboratories NV (A) | 2,450 | 244,755 |
Helmerich & Payne, Inc. (A) | 8,237 | 447,351 |
National Oilwell Varco, Inc. | 9,828 | 336,019 |
RPC, Inc. (A) | 1,648 | 40,063 |
TechnipFMC PLC (B) | 15,017 | 411,316 |
Weatherford International PLC (A)(B) | 13,322 | 46,227 |
Oil, gas and consumable fuels – 3.0% | ||
Andeavor | 6,232 | 662,088 |
Antero Resources Corp. (A)(B) | 13,521 | 262,307 |
Apache Corp. | 4,570 | 189,061 |
Cabot Oil & Gas Corp. | 14,064 | 389,573 |
Centennial Resource Development, Inc., Class A (A)(B) | 1,683 | 32,701 |
Cheniere Energy Partners LP Holdings LLC | 1,433 | 35,882 |
Cheniere Energy, Inc. (B) | 4,248 | 198,552 |
Cimarex Energy Company | 2,906 | 339,799 |
Concho Resources, Inc. (B) | 4,659 | 625,284 |
Continental Resources, Inc. (B) | 1,634 | 66,520 |
Devon Energy Corp. | 5,800 | 214,020 |
Diamondback Energy, Inc. (B) | 3,696 | 396,063 |
Energen Corp. (B) | 4,371 | 225,981 |
EQT Corp. (A) | 7,158 | 447,661 |
Hess Corp. | 5,446 | 240,495 |
HollyFrontier Corp. | 13,226 | 488,701 |
Marathon Oil Corp. | 20,506 | 291,595 |
Murphy Oil Corp. | 10,958 | 293,127 |
Newfield Exploration Company (B) | 7,791 | 239,885 |
Noble Energy, Inc. | 14,631 | 407,766 |
ONEOK, Inc. | 10,040 | 544,871 |
Parsley Energy, Inc., Class A (B) | 8,898 | 236,687 |
Range Resources Corp. (A) | 9,200 | 166,612 |
Rice Energy, Inc. (B) | 4,865 | 137,923 |
RSP Permian, Inc. (B) | 4,366 | 150,234 |
Tallgrass Energy GP LP | 1,006 | 25,150 |
Targa Resources Corp. | 5,261 | 218,332 |
WPX Energy, Inc. (B) | 14,797 | 166,910 |
Financials – 15.7% | 40,385,733 | |
Banks – 5.3% | ||
Bank of the Ozarks | 5,662 | 263,962 |
BOK Financial Corp. | 1,550 | 134,029 |
CIT Group, Inc. | 11,336 | 528,484 |
54 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
Citizens Financial Group, Inc. | 19,543 | $742,829 |
Comerica, Inc. | 8,537 | 670,752 |
Commerce Bancshares, Inc. | 6,659 | 387,287 |
Cullen/Frost Bankers, Inc. | 3,418 | 336,673 |
East West Bancorp, Inc. | 9,622 | 575,780 |
Fifth Third Bancorp | 36,636 | 1,058,780 |
First Citizens BancShares, Inc., Class A | 281 | 113,805 |
First Hawaiian, Inc. | 1,049 | 30,673 |
First Horizon National Corp. | 10,713 | 201,083 |
First Republic Bank | 6,680 | 650,632 |
FNB Corp. | 6,036 | 81,426 |
Hancock Holding Company | 1,447 | 70,541 |
Huntington Bancshares, Inc. | 52,004 | 717,655 |
IBERIABANK Corp. | 1,005 | 74,119 |
Investors Bancorp, Inc. | 16,672 | 229,240 |
KeyCorp | 46,264 | 844,318 |
M&T Bank Corp. | 4,019 | 670,249 |
PacWest Bancorp | 7,736 | 373,804 |
People's United Financial, Inc. | 19,829 | 370,009 |
Pinnacle Financial Partners, Inc. | 1,255 | 83,081 |
Popular, Inc. | 4,858 | 178,191 |
Prosperity Bancshares, Inc. | 3,678 | 241,939 |
Regions Financial Corp. | 58,007 | 897,948 |
Signature Bank (B) | 3,100 | 403,031 |
SVB Financial Group (B) | 2,963 | 649,727 |
Synovus Financial Corp. | 7,056 | 330,574 |
Texas Capital Bancshares, Inc. (B) | 908 | 78,133 |
Umpqua Holdings Corp. | 13,274 | 271,586 |
Webster Financial Corp. | 4,996 | 274,730 |
Western Alliance Bancorp (B) | 5,027 | 280,507 |
Wintrust Financial Corp. | 1,981 | 161,035 |
Zions Bancorporation | 11,472 | 532,989 |
Capital markets – 3.4% | ||
Affiliated Managers Group, Inc. | 2,434 | 453,941 |
Ameriprise Financial, Inc. | 5,516 | 863,475 |
Cboe Global Markets, Inc. | 3,771 | 426,349 |
E*TRADE Financial Corp. (B) | 14,738 | 642,429 |
Eaton Vance Corp. | 9,463 | 477,598 |
FactSet Research Systems, Inc. | 2,777 | 527,269 |
Invesco, Ltd. | 15,260 | 546,155 |
Janus Henderson Group PLC | 3,340 | 116,065 |
Lazard, Ltd., Class A | 2,388 | 113,526 |
LPL Financial Holdings, Inc. | 1,584 | 78,582 |
MarketAxess Holdings, Inc. | 1,971 | 342,954 |
Moody's Corp. | 5,931 | 844,634 |
MSCI, Inc. | 4,579 | 537,391 |
Nasdaq, Inc. | 5,481 | 398,195 |
Northern Trust Corp. | 5,133 | 480,038 |
Raymond James Financial, Inc. | 7,020 | 595,156 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
SEI Investments Company | 6,840 | $441,248 |
T. Rowe Price Group, Inc. | 2,797 | 259,841 |
TD Ameritrade Holding Corp. | 11,249 | 562,338 |
Wins Finance Holdings, Inc. (B)(C) | 9 | 1,890 |
Consumer finance – 0.7% | ||
Ally Financial, Inc. | 38,241 | 999,237 |
Credit Acceptance Corp. (B) | 501 | 143,652 |
Navient Corp. | 26,176 | 326,153 |
OneMain Holdings, Inc. (B) | 2,143 | 68,083 |
Santander Consumer USA Holdings, Inc. (B) | 9,550 | 158,912 |
SLM Corp. (B) | 14,752 | 156,224 |
Diversified financial services – 0.3% | ||
Leucadia National Corp. | 16,860 | 426,558 |
Voya Financial, Inc. | 11,509 | 462,201 |
Insurance – 5.8% | ||
Alleghany Corp. (B) | 833 | 471,661 |
American Financial Group, Inc. | 6,218 | 655,937 |
Arch Capital Group, Ltd. (B) | 4,889 | 487,140 |
Arthur J. Gallagher & Company | 8,042 | 509,300 |
Assurant, Inc. | 4,913 | 494,493 |
Assured Guaranty, Ltd. | 14,013 | 519,882 |
Athene Holding, Ltd., Class A (B) | 1,953 | 101,810 |
Axis Capital Holdings, Ltd. | 6,992 | 380,295 |
Brighthouse Financial, Inc. (B) | 1,582 | 98,369 |
Brown & Brown, Inc. | 9,071 | 452,099 |
Cincinnati Financial Corp. | 6,523 | 457,719 |
CNA Financial Corp. | 1,231 | 66,634 |
Enstar Group, Ltd. (B) | 257 | 58,545 |
Erie Indemnity Company, Class A | 1,396 | 168,637 |
Everest Re Group, Ltd. | 1,919 | 455,667 |
First American Financial Corp. | 7,284 | 396,395 |
FNF Group | 9,891 | 370,121 |
Lincoln National Corp. | 9,828 | 744,766 |
Loews Corp. | 9,387 | 464,750 |
Markel Corp. (B) | 458 | 496,609 |
Old Republic International Corp. | 17,878 | 362,745 |
Principal Financial Group, Inc. | 12,398 | 816,408 |
Reinsurance Group of America, Inc. | 5,095 | 761,091 |
RenaissanceRe Holdings, Ltd. | 3,400 | 470,424 |
The Hanover Insurance Group, Inc. | 2,227 | 219,092 |
The Hartford Financial Services Group, Inc. | 12,697 | 698,970 |
Torchmark Corp. | 6,003 | 505,032 |
Unum Group | 14,256 | 741,882 |
Validus Holdings, Ltd. | 6,033 | 314,199 |
W.R. Berkley Corp. | 8,545 | 586,016 |
White Mountains Insurance Group, Ltd. | 277 | 246,295 |
Willis Towers Watson PLC | 4,604 | 741,612 |
XL Group, Ltd. | 11,350 | 459,335 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 55 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Thrifts and mortgage finance – 0.2% | ||
MGIC Investment Corp. (B) | 11,151 | $159,459 |
New York Community Bancorp, Inc. | 27,155 | 341,067 |
Radian Group, Inc. | 5,264 | 110,333 |
TFS Financial Corp. | 2,675 | 41,249 |
Health care – 10.0% | 25,547,949 | |
Biotechnology – 1.0% | ||
ACADIA Pharmaceuticals, Inc. (A)(B) | 2,407 | 83,836 |
Alkermes PLC (B) | 5,296 | 258,233 |
Alnylam Pharmaceuticals, Inc. (B) | 1,973 | 240,390 |
BioMarin Pharmaceutical, Inc. (B) | 3,940 | 323,435 |
Bioverativ, Inc. (B) | 3,353 | 189,445 |
Bluebird Bio, Inc. (B) | 664 | 92,362 |
Exact Sciences Corp. (B) | 1,211 | 66,593 |
Exelixis, Inc. (B) | 5,800 | 143,782 |
Ionis Pharmaceuticals, Inc. (B) | 3,973 | 226,898 |
Juno Therapeutics, Inc. (B) | 952 | 42,754 |
Neurocrine Biosciences, Inc. (B) | 2,647 | 164,405 |
Seattle Genetics, Inc. (B) | 2,832 | 173,630 |
TESARO, Inc. (B) | 805 | 93,195 |
United Therapeutics Corp. (B) | 3,731 | 442,459 |
Health care equipment and supplies – 3.2% | ||
ABIOMED, Inc. (B) | 1,632 | 314,845 |
Align Technology, Inc. (B) | 3,246 | 775,729 |
C.R. Bard, Inc. | 3,227 | 1,055,455 |
DENTSPLY SIRONA, Inc. | 8,090 | 494,056 |
DexCom, Inc. (A)(B) | 2,608 | 117,282 |
Edwards Lifesciences Corp. (B) | 8,005 | 818,351 |
Hill-Rom Holdings, Inc. | 3,937 | 317,755 |
Hologic, Inc. (B) | 15,271 | 578,007 |
IDEXX Laboratories, Inc. (B) | 3,394 | 563,981 |
Integra LifeSciences Holdings Corp. (B) | 1,110 | 51,926 |
Masimo Corp. (B) | 1,415 | 124,180 |
ResMed, Inc. | 6,414 | 539,931 |
STERIS PLC | 5,262 | 491,102 |
Teleflex, Inc. | 2,144 | 508,085 |
The Cooper Companies, Inc. | 2,390 | 574,221 |
Varian Medical Systems, Inc. (B) | 5,462 | 569,086 |
West Pharmaceutical Services, Inc. | 3,910 | 396,474 |
Health care providers and services – 2.8% | ||
Acadia Healthcare Company, Inc. (B) | 4,389 | 137,639 |
AmerisourceBergen Corp. | 6,618 | 509,255 |
Centene Corp. (B) | 9,941 | 931,173 |
DaVita, Inc. (B) | 10,741 | 652,408 |
Envision Healthcare Corp. (B) | 8,312 | 354,091 |
HealthSouth Corp. | 6,289 | 290,174 |
Henry Schein, Inc. (B) | 7,790 | 612,294 |
Laboratory Corp. of America Holdings (B) | 5,465 | 840,025 |
MEDNAX, Inc. (B) | 7,363 | 322,426 |
Patterson Companies, Inc. (A) | 7,703 | 285,011 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care providers and services (continued) | ||
Premier, Inc., Class A (B) | 3,488 | $113,953 |
Quest Diagnostics, Inc. | 8,826 | 827,702 |
Universal Health Services, Inc., Class B | 6,188 | 635,508 |
WellCare Health Plans, Inc. (B) | 3,375 | 667,373 |
Health care technology – 0.6% | ||
athenahealth, Inc. (B) | 1,995 | 255,121 |
Cerner Corp. (B) | 12,537 | 846,498 |
Medidata Solutions, Inc. (B) | 883 | 66,428 |
Veeva Systems, Inc., Class A (B) | 3,603 | 219,567 |
Life sciences tools and services – 1.9% | ||
Agilent Technologies, Inc. | 9,423 | 641,047 |
Bio-Rad Laboratories, Inc., Class A (B) | 1,449 | 318,476 |
Bio-Techne Corp. | 1,977 | 259,027 |
Bruker Corp. | 5,501 | 172,731 |
Charles River Laboratories International, Inc. (B) | 3,272 | 380,501 |
INC Research Holdings, Inc., Class A (B) | 2,341 | 133,788 |
Mettler-Toledo International, Inc. (B) | 1,256 | 857,383 |
PerkinElmer, Inc. | 8,213 | 593,964 |
PRA Health Sciences, Inc. (B) | 1,002 | 81,593 |
Quintiles IMS Holdings, Inc. (B) | 4,316 | 466,560 |
VWR Corp. (B) | 5,281 | 174,801 |
Waters Corp. (B) | 3,753 | 735,776 |
Pharmaceuticals – 0.5% | ||
Akorn, Inc. (A)(B) | 2,456 | 79,992 |
Catalent, Inc. (B) | 2,386 | 101,620 |
Jazz Pharmaceuticals PLC (B) | 4,236 | 599,521 |
Mallinckrodt PLC (B) | 4,910 | 155,500 |
Mylan NV (B) | 7,184 | 256,541 |
Perrigo Company PLC | 1,736 | 140,599 |
Industrials – 16.6% | 42,715,345 | |
Aerospace and defense – 2.6% | ||
Arconic, Inc. | 14,222 | 357,257 |
BWX Technologies, Inc. | 4,706 | 281,984 |
Curtiss-Wright Corp. | 2,317 | 273,985 |
HEICO Corp. | 1,353 | 122,690 |
HEICO Corp., Class A | 2,450 | 186,445 |
Hexcel Corp. | 6,260 | 379,919 |
Huntington Ingalls Industries, Inc. | 2,462 | 573,227 |
L3 Technologies, Inc. | 3,609 | 675,533 |
Orbital ATK, Inc. | 3,888 | 516,832 |
Rockwell Collins, Inc. | 6,659 | 902,960 |
Spirit AeroSystems Holdings, Inc., Class A | 9,834 | 787,703 |
Teledyne Technologies, Inc. (B) | 1,938 | 329,382 |
Textron, Inc. | 12,980 | 684,565 |
TransDigm Group, Inc. | 1,877 | 520,868 |
Air freight and logistics – 0.6% | ||
C.H. Robinson Worldwide, Inc. (A) | 6,978 | 547,982 |
Expeditors International of Washington, Inc. | 8,662 | 505,688 |
56 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Air freight and logistics (continued) | ||
XPO Logistics, Inc. (B) | 6,232 | $432,189 |
Airlines – 0.8% | ||
Alaska Air Group, Inc. | 7,787 | 514,176 |
Copa Holdings SA, Class A | 1,197 | 147,458 |
JetBlue Airways Corp. (B) | 24,340 | 466,111 |
United Continental Holdings, Inc. (B) | 16,207 | 947,785 |
Building products – 1.2% | ||
Allegion PLC | 5,434 | 453,141 |
AO Smith Corp. | 6,955 | 411,736 |
Fortune Brands Home & Security, Inc. | 7,622 | 503,509 |
Lennox International, Inc. | 2,402 | 459,094 |
Masco Corp. | 9,452 | 376,379 |
Owens Corning | 7,751 | 640,930 |
USG Corp. (B) | 5,765 | 197,912 |
Commercial services and supplies – 1.2% | ||
Cintas Corp. | 4,311 | 642,511 |
Copart, Inc. (B) | 15,296 | 555,092 |
KAR Auction Services, Inc. | 9,527 | 450,913 |
Republic Services, Inc. | 13,113 | 853,263 |
Rollins, Inc. | 4,414 | 193,819 |
Stericycle, Inc. (B) | 3,448 | 244,291 |
The Brink's Company | 850 | 64,685 |
Construction and engineering – 0.7% | ||
AECOM (B) | 8,682 | 304,391 |
EMCOR Group, Inc. | 2,057 | 165,609 |
Fluor Corp. | 9,539 | 411,036 |
Jacobs Engineering Group, Inc. | 6,882 | 400,601 |
Quanta Services, Inc. (B) | 11,576 | 436,762 |
Electrical equipment – 1.2% | ||
Acuity Brands, Inc. | 1,828 | 305,642 |
AMETEK, Inc. | 10,953 | 739,218 |
Hubbell, Inc. | 4,528 | 569,713 |
Rockwell Automation, Inc. | 5,358 | 1,075,994 |
Sensata Technologies Holding NV (B) | 11,048 | 540,358 |
Industrial conglomerates – 0.5% | ||
Carlisle Companies, Inc. | 4,134 | 454,037 |
Roper Technologies, Inc. | 3,756 | 969,687 |
Machinery – 4.5% | ||
AGCO Corp. | 5,383 | 369,112 |
Allison Transmission Holdings, Inc. | 10,291 | 437,265 |
Colfax Corp. (B) | 4,272 | 178,185 |
Crane Company | 2,184 | 181,534 |
Donaldson Company, Inc. | 9,357 | 441,744 |
Dover Corp. | 8,446 | 806,509 |
Flowserve Corp. | 8,099 | 356,923 |
Gardner Denver Holdings, Inc. (B) | 1,070 | 30,870 |
Graco, Inc. | 3,236 | 426,472 |
IDEX Corp. | 5,183 | 664,512 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Ingersoll-Rand PLC | 6,395 | $566,597 |
Lincoln Electric Holdings, Inc. | 3,653 | 334,871 |
Nordson Corp. | 3,251 | 411,869 |
Oshkosh Corp. | 4,165 | 381,347 |
Parker-Hannifin Corp. | 6,433 | 1,174,730 |
Pentair PLC | 7,377 | 519,783 |
Snap-on, Inc. | 3,407 | 537,556 |
Stanley Black & Decker, Inc. | 6,474 | 1,045,875 |
The Middleby Corp. (B) | 3,293 | 381,659 |
The Toro Company | 6,028 | 378,860 |
Trinity Industries, Inc. | 7,615 | 247,640 |
WABCO Holdings, Inc. (B) | 3,474 | 512,658 |
Wabtec Corp. (A) | 5,166 | 395,199 |
Woodward, Inc. | 2,792 | 215,905 |
Xylem, Inc. | 8,506 | 565,904 |
Professional services – 1.1% | ||
Equifax, Inc. | 5,794 | 628,823 |
ManpowerGroup, Inc. | 4,940 | 609,003 |
Nielsen Holdings PLC | 4,999 | 185,313 |
Robert Half International, Inc. | 8,159 | 422,391 |
The Dun & Bradstreet Corp. | 2,195 | 256,442 |
TransUnion (B) | 5,844 | 306,752 |
Verisk Analytics, Inc. (B) | 5,118 | 435,286 |
Road and rail – 1.0% | ||
AMERCO | 537 | 210,848 |
Genesee & Wyoming, Inc., Class A (B) | 3,273 | 234,936 |
J.B. Hunt Transport Services, Inc. | 4,336 | 461,307 |
Kansas City Southern | 4,551 | 474,305 |
Landstar System, Inc. | 837 | 82,654 |
Old Dominion Freight Line, Inc. | 4,715 | 571,128 |
Ryder System, Inc. | 5,110 | 414,319 |
Schneider National, Inc., Class B | 1,320 | 34,571 |
Trading companies and distributors – 1.1% | ||
Air Lease Corp. | 4,360 | 189,442 |
Fastenal Company | 10,736 | 504,270 |
HD Supply Holdings, Inc. (B) | 11,515 | 407,516 |
MSC Industrial Direct Company, Inc., Class A | 3,018 | 250,192 |
United Rentals, Inc. (B) | 5,274 | 746,166 |
Univar, Inc. (B) | 2,905 | 86,424 |
W.W. Grainger, Inc. (A) | 2,556 | 505,321 |
Watsco, Inc. | 1,584 | 263,847 |
Transportation infrastructure – 0.1% | ||
Macquarie Infrastructure Corp. | 4,248 | 295,448 |
Information technology – 18.6% | 47,638,226 | |
Communications equipment – 1.8% | ||
Arista Networks, Inc. (B) | 2,225 | 444,755 |
ARRIS International PLC (B) | 12,947 | 368,990 |
Brocade Communications Systems, Inc. | 32,850 | 382,703 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 57 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Communications equipment (continued) | ||
CommScope Holding Company, Inc. (B) | 13,284 | $426,948 |
EchoStar Corp., Class A (B) | 2,813 | 157,387 |
F5 Networks, Inc. (B) | 4,392 | 532,618 |
Harris Corp. | 6,584 | 917,283 |
Juniper Networks, Inc. | 17,560 | 436,015 |
Motorola Solutions, Inc. | 5,603 | 507,296 |
Palo Alto Networks, Inc. (B) | 1,626 | 239,347 |
Ubiquiti Networks, Inc. (A)(B) | 1,264 | 78,596 |
ViaSat, Inc. (A)(B) | 2,523 | 164,247 |
Electronic equipment, instruments and components – 2.9% | ||
Amphenol Corp., Class A | 13,448 | 1,169,976 |
Arrow Electronics, Inc. (B) | 8,956 | 748,632 |
Avnet, Inc. | 9,974 | 396,965 |
CDW Corp. | 8,553 | 598,710 |
Cognex Corp. | 2,456 | 302,456 |
Coherent, Inc. (B) | 679 | 178,380 |
Dolby Laboratories, Inc., Class A | 3,449 | 199,835 |
Flex, Ltd. (B) | 35,496 | 631,820 |
FLIR Systems, Inc. | 8,879 | 415,715 |
IPG Photonics Corp. (B) | 1,747 | 371,954 |
Jabil, Inc. | 15,263 | 431,638 |
Keysight Technologies, Inc. (B) | 11,189 | 499,813 |
Littelfuse, Inc. | 406 | 84,854 |
National Instruments Corp. | 5,901 | 265,545 |
SYNNEX Corp. | 2,361 | 318,452 |
Tech Data Corp. (B) | 855 | 79,318 |
Trimble, Inc. (B) | 10,011 | 409,250 |
Universal Display Corp. | 457 | 66,951 |
Zebra Technologies Corp., Class A (B) | 2,726 | 316,189 |
Internet software and services – 1.2% | ||
Akamai Technologies, Inc. (B) | 9,908 | 517,693 |
CoStar Group, Inc. (B) | 1,115 | 329,761 |
GoDaddy, Inc., Class A (B) | 2,127 | 99,331 |
GrubHub, Inc. (B) | 1,505 | 91,835 |
InterActiveCorp (B) | 5,656 | 729,907 |
j2 Global, Inc. | 2,861 | 212,115 |
LogMeIn, Inc. | 2,217 | 268,368 |
Match Group, Inc. (A)(B) | 2,430 | 64,978 |
Twitter, Inc. (B) | 7,080 | 145,990 |
VeriSign, Inc. (A)(B) | 3,553 | 382,019 |
Zillow Group, Inc., Class A (B) | 1,599 | 66,055 |
Zillow Group, Inc., Class C (A)(B) | 3,550 | 146,544 |
IT services – 4.3% | ||
Alliance Data Systems Corp. | 2,417 | 540,755 |
Amdocs, Ltd. | 8,391 | 546,254 |
Black Knight, Inc. (B) | 4,431 | 200,946 |
Booz Allen Hamilton Holding Corp. | 7,650 | 289,094 |
Broadridge Financial Solutions, Inc. | 5,748 | 493,868 |
CoreLogic, Inc. (B) | 1,735 | 81,372 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
CSRA, Inc. | 9,313 | $297,923 |
DXC Technology Company | 9,188 | 840,886 |
EPAM Systems, Inc. (B) | 1,825 | 166,349 |
Euronet Worldwide, Inc. (B) | 2,785 | 269,142 |
First Data Corp., Class A (B) | 10,383 | 184,921 |
Fiserv, Inc. (B) | 9,052 | 1,171,600 |
FleetCor Technologies, Inc. (B) | 3,002 | 496,141 |
Gartner, Inc. (B) | 4,089 | 512,393 |
Genpact, Ltd. | 11,374 | 346,338 |
Global Payments, Inc. | 6,205 | 645,010 |
Jack Henry & Associates, Inc. | 5,393 | 593,931 |
Leidos Holdings, Inc. | 9,183 | 574,121 |
MAXIMUS, Inc. | 4,053 | 269,241 |
Sabre Corp. | 10,788 | 211,013 |
Square, Inc., Class A (A)(B) | 4,057 | 150,880 |
Teradata Corp. (A)(B) | 9,644 | 322,592 |
The Western Union Company | 20,217 | 401,510 |
Total System Services, Inc. | 7,716 | 555,938 |
Vantiv, Inc., Class A (B) | 7,246 | 507,220 |
WEX, Inc. (B) | 1,582 | 195,519 |
Semiconductors and semiconductor equipment – 2.9% | ||
Advanced Micro Devices, Inc. (B) | 13,164 | 144,607 |
Cavium, Inc. (B) | 2,373 | 163,713 |
Cypress Semiconductor Corp. | 15,386 | 244,022 |
First Solar, Inc. (B) | 5,561 | 304,854 |
KLA-Tencor Corp. | 2,120 | 230,847 |
Marvell Technology Group, Ltd. | 25,528 | 471,502 |
Maxim Integrated Products, Inc. | 13,544 | 711,602 |
Microchip Technology, Inc. | 8,467 | 802,672 |
Microsemi Corp. (B) | 6,885 | 367,452 |
MKS Instruments, Inc. | 1,270 | 137,986 |
Monolithic Power Systems, Inc. | 593 | 72,150 |
ON Semiconductor Corp. (B) | 34,564 | 736,904 |
Qorvo, Inc. (B) | 7,026 | 532,641 |
Skyworks Solutions, Inc. | 8,691 | 989,557 |
Teradyne, Inc. | 14,780 | 633,914 |
Versum Materials, Inc. | 1,603 | 67,454 |
Xilinx, Inc. | 11,380 | 838,592 |
Software – 4.1% | ||
ANSYS, Inc. (B) | 4,269 | 583,615 |
Aspen Technology, Inc. (B) | 2,645 | 170,655 |
Atlassian Corp. PLC, Class A (B) | 2,199 | 106,366 |
Autodesk, Inc. (B) | 6,086 | 760,507 |
Blackbaud, Inc. | 903 | 91,474 |
CA, Inc. | 16,913 | 547,643 |
Cadence Design Systems, Inc. (B) | 12,632 | 545,197 |
CDK Global, Inc. | 7,586 | 482,166 |
Citrix Systems, Inc. (B) | 7,092 | 585,870 |
Dell Technologies, Inc., Class V (B) | 5,047 | 417,740 |
58 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
Fair Isaac Corp. | 1,929 | $280,014 |
Fortinet, Inc. (B) | 6,543 | 257,860 |
Guidewire Software, Inc. (B) | 2,932 | 234,501 |
Nuance Communications, Inc. (B) | 17,038 | 251,140 |
Paycom Software, Inc. (A)(B) | 897 | 73,733 |
Pegasystems, Inc. | 573 | 33,406 |
Proofpoint, Inc. (B) | 462 | 42,693 |
PTC, Inc. (B) | 6,442 | 428,071 |
Red Hat, Inc. (B) | 5,918 | 715,072 |
ServiceNow, Inc. (B) | 3,029 | 382,775 |
Splunk, Inc. (B) | 3,899 | 262,403 |
SS&C Technologies Holdings, Inc. | 11,282 | 453,536 |
Symantec Corp. | 24,294 | 789,555 |
Synopsys, Inc. (B) | 8,137 | 704,013 |
Tableau Software, Inc., Class A (B) | 1,964 | 159,261 |
Take-Two Interactive Software, Inc. (B) | 3,814 | 422,019 |
The Ultimate Software Group, Inc. (B) | 1,314 | 266,203 |
Tyler Technologies, Inc. (B) | 1,753 | 310,789 |
Workday, Inc., Class A (B) | 2,153 | 238,961 |
Technology hardware, storage and peripherals – 1.4% | ||
NCR Corp. (B) | 12,023 | 385,818 |
NetApp, Inc. | 17,940 | 796,895 |
Seagate Technology PLC | 16,251 | 600,799 |
Western Digital Corp. | 15,142 | 1,351,726 |
Xerox Corp. | 12,969 | 393,090 |
Materials – 6.8% | 17,458,188 | |
Chemicals – 2.8% | ||
Albemarle Corp. | 4,367 | 615,267 |
Ashland Global Holdings, Inc. | 4,265 | 289,935 |
Axalta Coating Systems, Ltd. (B) | 11,859 | 394,312 |
Celanese Corp., Series A | 6,330 | 660,282 |
CF Industries Holdings, Inc. | 14,075 | 534,569 |
Eastman Chemical Company | 6,968 | 632,764 |
FMC Corp. | 5,456 | 506,644 |
Huntsman Corp. | 12,055 | 386,001 |
International Flavors & Fragrances, Inc. | 3,085 | 454,791 |
NewMarket Corp. | 588 | 235,429 |
Olin Corp. | 8,617 | 314,779 |
RPM International, Inc. | 8,723 | 465,198 |
The Chemours Company | 3,591 | 203,287 |
The Mosaic Company | 12,656 | 282,735 |
The Scotts Miracle-Gro Company | 3,143 | 313,106 |
Valvoline, Inc. | 12,271 | 294,749 |
W.R. Grace & Company | 4,056 | 310,243 |
Westlake Chemical Corp. | 2,317 | 196,736 |
Construction materials – 0.6% | ||
Eagle Materials, Inc. | 2,705 | 285,567 |
Martin Marietta Materials, Inc. | 2,466 | 534,752 |
Vulcan Materials Company | 5,850 | 712,238 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Containers and packaging – 2.1% | ||
AptarGroup, Inc. | 4,512 | $392,860 |
Ardagh Group SA | 277 | 5,939 |
Avery Dennison Corp. | 6,318 | 670,782 |
Ball Corp. | 12,824 | 550,534 |
Bemis Company, Inc. | 8,875 | 399,553 |
Berry Global Group, Inc. (B) | 6,694 | 397,958 |
Crown Holdings, Inc. (B) | 7,946 | 478,111 |
Graphic Packaging Holding Company | 26,920 | 416,991 |
Owens-Illinois, Inc. (B) | 3,502 | 83,663 |
Packaging Corp. of America | 5,755 | 669,134 |
Sealed Air Corp. | 10,196 | 450,969 |
Sonoco Products Company | 9,676 | 501,120 |
WestRock Company | 7,902 | 484,630 |
Metals and mining – 1.3% | ||
Alcoa Corp. (B) | 8,465 | 404,458 |
Freeport-McMoRan, Inc. (B) | 23,033 | 322,001 |
Newmont Mining Corp. | 16,984 | 614,141 |
Nucor Corp. | 11,481 | 663,946 |
Reliance Steel & Aluminum Company | 5,168 | 397,109 |
Royal Gold, Inc. | 2,807 | 236,097 |
Steel Dynamics, Inc. | 14,383 | 535,191 |
United States Steel Corp. (A) | 6,304 | 159,617 |
Real estate – 6.3% | 16,146,571 | |
Equity real estate investment trusts – 5.8% | ||
Alexandria Real Estate Equities, Inc. | 2,989 | 370,516 |
American Campus Communities, Inc. | 5,500 | 228,690 |
American Homes 4 Rent, Class A | 7,338 | 156,153 |
Apartment Investment & Management Company, Class A | 6,644 | 292,203 |
Apple Hospitality REIT, Inc. | 6,891 | 130,516 |
Brixmor Property Group, Inc. | 10,323 | 180,343 |
Camden Property Trust | 3,654 | 333,391 |
Colony NorthStar, Inc., Class A | 12,507 | 153,586 |
CoreSite Realty Corp. | 1,108 | 122,711 |
Cousins Properties, Inc. | 5,870 | 52,947 |
CubeSmart | 7,180 | 195,440 |
CyrusOne, Inc. | 2,692 | 165,262 |
DCT Industrial Trust, Inc. | 3,546 | 205,739 |
Digital Realty Trust, Inc. | 4,726 | 559,747 |
Douglas Emmett, Inc. | 6,184 | 246,061 |
Duke Realty Corp. | 13,255 | 377,502 |
EPR Properties | 2,588 | 179,038 |
Equity Commonwealth (B) | 4,672 | 140,394 |
Equity LifeStyle Properties, Inc. | 3,320 | 293,754 |
Essex Property Trust, Inc. | 1,676 | 439,833 |
Extra Space Storage, Inc. | 4,319 | 352,387 |
Federal Realty Investment Trust | 2,450 | 295,274 |
Forest City Realty Trust, Inc., Class A | 10,189 | 250,955 |
Gaming and Leisure Properties, Inc. | 7,086 | 258,922 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 59 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Gramercy Property Trust | 5,612 | $166,676 |
HCP, Inc. | 6,611 | 170,828 |
Healthcare Realty Trust, Inc. | 3,341 | 107,714 |
Healthcare Trust of America, Inc., Class A | 6,215 | 186,761 |
Highwoods Properties, Inc. | 4,168 | 212,776 |
Hospitality Properties Trust | 6,727 | 192,258 |
Host Hotels & Resorts, Inc. | 18,761 | 366,965 |
Hudson Pacific Properties, Inc. | 4,564 | 154,354 |
Invitation Homes, Inc. | 1,321 | 29,815 |
Iron Mountain, Inc. | 9,359 | 374,360 |
Kilroy Realty Corp. | 3,990 | 284,208 |
Kimco Realty Corp. | 12,855 | 233,447 |
Lamar Advertising Company, Class A | 4,372 | 307,964 |
Liberty Property Trust | 6,224 | 266,885 |
Medical Properties Trust, Inc. | 10,370 | 137,195 |
MGM Growth Properties LLC, Class A (A) | 1,920 | 56,659 |
Mid-America Apartment Communities, Inc. | 3,136 | 320,970 |
National Retail Properties, Inc. (A) | 6,094 | 244,857 |
Omega Healthcare Investors, Inc. (A) | 7,997 | 230,793 |
Paramount Group, Inc. | 6,948 | 110,612 |
Park Hotels & Resorts, Inc. | 3,217 | 92,617 |
Realty Income Corp. | 6,251 | 335,491 |
Regency Centers Corp. | 4,094 | 251,986 |
SBA Communications Corp. (B) | 4,490 | 705,738 |
Senior Housing Properties Trust | 9,960 | 183,264 |
SL Green Realty Corp. | 2,542 | 243,219 |
Spirit Realty Capital, Inc. | 19,401 | 161,222 |
Starwood Waypoint Homes | 1,782 | 64,704 |
STORE Capital Corp. | 5,847 | 144,362 |
Sun Communities, Inc. | 2,614 | 235,940 |
The Macerich Company | 4,195 | 229,047 |
UDR, Inc. | 9,323 | 361,639 |
VEREIT, Inc. | 33,233 | 262,208 |
Vornado Realty Trust | 1,417 | 106,077 |
Weingarten Realty Investors | 5,025 | 153,011 |
Weyerhaeuser Company | 22,455 | 806,359 |
WP Carey, Inc. | 4,332 | 295,226 |
Real estate management and development – 0.5% | ||
CBRE Group, Inc., Class A (B) | 12,839 | 504,829 |
Jones Lang LaSalle, Inc. | 2,817 | 364,773 |
Realogy Holdings Corp. | 9,299 | 300,637 |
The Howard Hughes Corp. (B) | 1,620 | 206,761 |
Telecommunication services – 0.3% | 811,715 | |
Diversified telecommunication services – 0.3% | ||
CenturyLink, Inc. (A) | 26,936 | 511,515 |
Zayo Group Holdings, Inc. (B) | 8,325 | 300,200 |
Shares or Principal Amount | Value | |
Utilities – 6.0% | $15,336,989 | |
Electric utilities – 2.4% | ||
ALLETE, Inc. | 845 | 66,206 |
Alliant Energy Corp. | 9,372 | 405,433 |
Avangrid, Inc. | 703 | 36,366 |
Entergy Corp. | 8,464 | 730,105 |
Eversource Energy | 10,517 | 658,785 |
FirstEnergy Corp. | 21,786 | 717,849 |
Great Plains Energy, Inc. | 10,899 | 357,814 |
IDACORP, Inc. | 2,377 | 218,755 |
OGE Energy Corp. | 15,663 | 577,025 |
Pinnacle West Capital Corp. | 6,220 | 545,556 |
Portland General Electric Company | 5,647 | 269,588 |
Westar Energy, Inc. | 8,714 | 466,025 |
Xcel Energy, Inc. | 21,417 | 1,060,570 |
Gas utilities – 0.7% | ||
Atmos Energy Corp. | 5,851 | 510,441 |
National Fuel Gas Company | 4,323 | 250,950 |
ONE Gas, Inc. | 878 | 67,588 |
Southwest Gas Holdings, Inc. | 1,096 | 90,299 |
UGI Corp. | 12,884 | 616,628 |
WGL Holdings, Inc. | 2,148 | 184,084 |
Independent power and renewable electricity producers –0.5% | ||
AES Corp. | 48,679 | 517,458 |
Calpine Corp. (B) | 26,058 | 389,307 |
NRG Energy, Inc. | 15,840 | 396,000 |
Vistra Energy Corp. | 5,250 | 102,060 |
Multi-utilities – 2.0% | ||
Ameren Corp. | 11,248 | 697,264 |
CenterPoint Energy, Inc. | 20,763 | 614,170 |
CMS Energy Corp. | 12,725 | 615,508 |
DTE Energy Company | 7,166 | 791,556 |
MDU Resources Group, Inc. | 14,449 | 395,180 |
NiSource, Inc. | 29,143 | 768,501 |
SCANA Corp. | 8,000 | 345,120 |
Vectren Corp. | 5,022 | 342,199 |
WEC Energy Group, Inc. | 9,258 | 623,897 |
Water utilities – 0.4% | ||
American Water Works Company, Inc. | 7,222 | 633,803 |
Aqua America, Inc. | 7,748 | 274,899 |
SECURITIES LENDING COLLATERAL – 3.1% | $7,822,631 | |
(Cost $7,822,916) | ||
John Hancock Collateral Trust, 1.1946% (D)(E) | 781,825 | 7,822,631 |
60 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.0% | $112,227 | |
(Cost $112,227) | ||
Money market funds – 0.0% | $112,227 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (D) | 112,227 | 112,227 |
Total investments (Multifactor Mid Cap ETF) (Cost $238,157,456) 103.0% | $264,437,998 | |
Other assets and liabilities, net (3.0%) | (7,802,344) | |
Total net assets 100.0% | $256,635,654 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 10-31-17. |
(B) | Non-income producing security. |
(C) | Security is valued using significant unobservable inputs. |
(D) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $55,221,477 | |
(Cost $42,911,466) | ||
Consumer discretionary – 0.4% | 213,363 | |
Household durables – 0.4% | ||
Garmin, Ltd. (A) | 3,769 | 213,363 |
Health care – 1.8% | 980,164 | |
Health care providers and services – 0.1% | ||
Premier, Inc., Class A (B) | 1,630 | 53,252 |
Health care technology – 1.7% | ||
athenahealth, Inc. (B) | 871 | 111,383 |
Cerner Corp. (B) | 9,776 | 660,076 |
Medidata Solutions, Inc. (B) | 601 | 45,213 |
Veeva Systems, Inc., Class A (B) | 1,809 | 110,240 |
Information technology – 97.7% | 54,027,950 | |
Communications equipment – 8.3% | ||
Arista Networks, Inc. (B) | 938 | 187,497 |
ARRIS International PLC (B) | 6,514 | 185,649 |
Brocade Communications Systems, Inc. | 12,651 | 147,384 |
Cisco Systems, Inc. | 52,537 | 1,794,139 |
CommScope Holding Company, Inc. (B) | 7,188 | 231,022 |
EchoStar Corp., Class A (B) | 1,309 | 73,239 |
F5 Networks, Inc. (B) | 2,262 | 274,313 |
Harris Corp. | 4,784 | 666,507 |
Juniper Networks, Inc. | 12,815 | 318,196 |
Lumentum Holdings, Inc. (A)(B) | 223 | 14,082 |
Motorola Solutions, Inc. | 3,575 | 323,681 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Communications equipment (continued) | ||
Palo Alto Networks, Inc. (B) | 1,352 | $199,014 |
Ubiquiti Networks, Inc. (A)(B) | 734 | 45,640 |
ViaSat, Inc. (A)(B) | 1,746 | 113,665 |
Electronic equipment, instruments and components – 2.7% | ||
CDW Corp. | 4,808 | 336,560 |
Corning, Inc. | 26,542 | 831,030 |
Dolby Laboratories, Inc., Class A | 1,579 | 91,487 |
SYNNEX Corp. | 1,161 | 156,596 |
Tech Data Corp. (B) | 890 | 82,565 |
Internet software and services – 15.9% | ||
Akamai Technologies, Inc. (B) | 5,477 | 286,173 |
Alphabet, Inc., Class A (B) | 2,578 | 2,663,177 |
Alphabet, Inc., Class C (B) | 627 | 637,433 |
eBay, Inc. (B) | 17,399 | 654,898 |
Facebook, Inc., Class A (B) | 17,746 | 3,195,345 |
GoDaddy, Inc., Class A (B) | 1,601 | 74,767 |
GrubHub, Inc. (B) | 1,535 | 93,666 |
InterActiveCorp (B) | 2,252 | 290,621 |
j2 Global, Inc. | 1,855 | 137,530 |
LogMeIn, Inc. | 1,382 | 167,291 |
Match Group, Inc. (B) | 1,313 | 35,110 |
Nutanix, Inc., Class A (A)(B) | 195 | 5,558 |
Twitter, Inc. (B) | 14,790 | 304,970 |
VeriSign, Inc. (A)(B) | 2,353 | 252,995 |
IT services – 7.7% | ||
Amdocs, Ltd. | 4,704 | 306,230 |
Cognizant Technology Solutions Corp., Class A | 8,924 | 675,279 |
CSRA, Inc. | 4,500 | 143,955 |
DXC Technology Company | 7,611 | 696,559 |
EPAM Systems, Inc. (B) | 1,151 | 104,914 |
Gartner, Inc. (B) | 2,040 | 255,632 |
IBM Corp. | 9,152 | 1,409,957 |
Leidos Holdings, Inc. | 5,028 | 314,351 |
Sabre Corp. | 4,598 | 89,937 |
Square, Inc., Class A (A)(B) | 3,316 | 123,322 |
Teradata Corp. (A)(B) | 4,973 | 166,347 |
Semiconductors and semiconductor equipment – 25.9% | ||
Advanced Micro Devices, Inc. (B) | 12,224 | 134,281 |
Analog Devices, Inc. | 5,650 | 515,845 |
Applied Materials, Inc. | 18,279 | 1,031,484 |
Broadcom, Ltd. | 3,604 | 951,130 |
Cavium, Inc. (B) | 1,243 | 85,755 |
Cirrus Logic, Inc. (B) | 1,922 | 107,632 |
Cypress Semiconductor Corp. | 8,918 | 141,439 |
Entegris, Inc. | 3,494 | 114,429 |
Intel Corp. | 61,627 | 2,803,412 |
KLA-Tencor Corp. | 2,813 | 306,308 |
Lam Research Corp. | 3,079 | 642,187 |
Marvell Technology Group, Ltd. | 12,345 | 228,012 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 61 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Semiconductors and semiconductor equipment (continued) | ||
Maxim Integrated Products, Inc. | 8,328 | $437,553 |
Microchip Technology, Inc. | 5,481 | 519,599 |
Micron Technology, Inc. (B) | 21,913 | 970,965 |
Microsemi Corp. (B) | 3,686 | 196,722 |
MKS Instruments, Inc. | 1,355 | 147,221 |
Monolithic Power Systems, Inc. | 533 | 64,850 |
NVIDIA Corp. | 4,150 | 858,262 |
ON Semiconductor Corp. (B) | 16,051 | 342,207 |
Qorvo, Inc. (B) | 3,674 | 278,526 |
QUALCOMM, Inc. | 17,404 | 887,778 |
Skyworks Solutions, Inc. | 6,194 | 705,249 |
Teradyne, Inc. | 6,724 | 288,392 |
Texas Instruments, Inc. | 10,636 | 1,028,395 |
Xilinx, Inc. | 7,134 | 525,704 |
Software – 26.4% | ||
Activision Blizzard, Inc. | 11,234 | 735,715 |
Adobe Systems, Inc. (B) | 3,236 | 566,818 |
ANSYS, Inc. (B) | 2,364 | 323,182 |
Aspen Technology, Inc. (B) | 1,895 | 122,265 |
Atlassian Corp. PLC, Class A (B) | 1,204 | 58,237 |
Autodesk, Inc. (B) | 3,763 | 470,224 |
Blackbaud, Inc. | 1,340 | 135,742 |
CA, Inc. | 11,932 | 386,358 |
Cadence Design Systems, Inc. (B) | 7,272 | 313,860 |
CDK Global, Inc. | 3,479 | 221,125 |
Citrix Systems, Inc. (B) | 4,907 | 405,367 |
Dell Technologies, Inc., Class V (B) | 7,497 | 620,527 |
Electronic Arts, Inc. (B) | 3,712 | 443,955 |
Fair Isaac Corp. | 828 | 120,192 |
Fortinet, Inc. (B) | 2,678 | 105,540 |
Guidewire Software, Inc. (B) | 1,351 | 108,053 |
Intuit, Inc. | 3,375 | 509,693 |
Microsoft Corp. | 40,814 | 3,394,909 |
Nuance Communications, Inc. (B) | 7,798 | 114,943 |
Oracle Corp. | 33,648 | 1,712,683 |
Paycom Software, Inc. (A)(B) | 952 | 78,254 |
Pegasystems, Inc. | 464 | 27,051 |
Proofpoint, Inc. (B) | 734 | 67,829 |
PTC, Inc. (B) | 2,626 | 174,498 |
Red Hat, Inc. (B) | 3,855 | 465,800 |
salesforce.com, Inc. (B) | 3,445 | 352,561 |
ServiceNow, Inc. (B) | 2,573 | 325,150 |
Snap, Inc., Class A (A)(B) | 4,395 | 67,419 |
Splunk, Inc. (B) | 2,094 | 140,926 |
SS&C Technologies Holdings, Inc. | 5,335 | 214,467 |
Symantec Corp. | 14,807 | 481,228 |
Synopsys, Inc. (B) | 4,228 | 365,807 |
Tableau Software, Inc., Class A (B) | 974 | 78,982 |
Take-Two Interactive Software, Inc. (B) | 2,598 | 287,469 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
The Ultimate Software Group, Inc. (B) | 572 | $115,881 |
Tyler Technologies, Inc. (B) | 709 | 125,699 |
VMware, Inc., Class A (A)(B) | 963 | 115,261 |
Workday, Inc., Class A (B) | 1,968 | 218,428 |
Technology hardware, storage and peripherals – 10.8% | ||
Apple, Inc. | 18,609 | 3,145,665 |
Hewlett Packard Enterprise Company | 36,301 | 505,310 |
HP, Inc. | 20,466 | 441,042 |
NCR Corp. (B) | 4,365 | 140,073 |
NetApp, Inc. | 9,965 | 442,645 |
Seagate Technology PLC | 9,149 | 338,239 |
Western Digital Corp. | 10,880 | 971,258 |
SECURITIES LENDING COLLATERAL – 1.8% | $989,363 | |
(Cost $989,383) | ||
John Hancock Collateral Trust, 1.1946% (C)(D) | 98,881 | 989,363 |
SHORT-TERM INVESTMENTS – 0.1% | $71,452 | |
(Cost $71,452) | ||
Money market funds – 0.1% | 71,452 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (C) | 71,452 | 71,452 |
Total investments (Multifactor Technology ETF) (Cost $43,972,301) 101.8% | $56,282,292 | |
Other assets and liabilities, net (1.8%) | (1,013,653) | |
Total net assets 100.0% | $55,268,639 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 10-31-17. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-17. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $20,140,197 | |
(Cost $18,447,138) | ||
Energy – 2.1% | 420,104 | |
Oil, gas and consumable fuels – 2.1% | ||
ONEOK, Inc. | 7,741 | 420,104 |
Utilities – 97.8% | 19,720,093 | |
Electric utilities – 50.3% | ||
ALLETE, Inc. | 1,050 | 82,268 |
Alliant Energy Corp. | 6,026 | 260,685 |
American Electric Power Company, Inc. | 9,930 | 738,891 |
62 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Electric utilities (continued) | ||
Avangrid, Inc. | 1,463 | $75,681 |
Duke Energy Corp. | 7,592 | 670,450 |
Edison International | 14,073 | 1,125,135 |
Entergy Corp. | 5,918 | 510,487 |
Eversource Energy | 10,427 | 653,147 |
Exelon Corp. | 21,738 | 874,085 |
FirstEnergy Corp. | 16,335 | 538,238 |
Great Plains Energy, Inc. | 6,657 | 218,549 |
Hawaiian Electric Industries, Inc. | 3,074 | 112,078 |
IDACORP, Inc. | 1,471 | 135,376 |
NextEra Energy, Inc. | 4,912 | 761,704 |
PG&E Corp. | 10,975 | 634,026 |
Pinnacle West Capital Corp. | 4,058 | 355,927 |
Portland General Electric Company | 3,802 | 181,507 |
PPL Corp. | 12,339 | 463,453 |
The Southern Company | 11,955 | 624,051 |
Westar Energy, Inc. | 4,774 | 255,314 |
Xcel Energy, Inc. | 17,496 | 866,402 |
Gas utilities – 6.4% | ||
Atmos Energy Corp. | 3,352 | 292,428 |
National Fuel Gas Company | 2,295 | 133,225 |
New Jersey Resources Corp. | 1,345 | 59,785 |
ONE Gas, Inc. | 1,711 | 131,713 |
Southwest Gas Holdings, Inc. | 2,004 | 165,110 |
Spire, Inc. | 1,001 | 79,029 |
UGI Corp. | 6,442 | 308,314 |
WGL Holdings, Inc. | 1,495 | 128,122 |
Independent power and renewable electricity producers –4.5% | ||
AES Corp. | 24,496 | 260,392 |
Calpine Corp. (A) | 18,057 | 269,772 |
NRG Energy, Inc. | 10,469 | 261,725 |
Vistra Energy Corp. | 6,555 | 127,429 |
Multi-utilities – 33.8% | ||
Ameren Corp. | 10,753 | 666,578 |
Black Hills Corp. | 1,453 | 94,823 |
CenterPoint Energy, Inc. | 13,598 | 402,229 |
CMS Energy Corp. | 9,312 | 450,421 |
Consolidated Edison, Inc. | 11,421 | 982,777 |
Dominion Energy, Inc. | 10,357 | 840,367 |
DTE Energy Company | 6,020 | 664,969 |
NiSource, Inc. | 11,942 | 314,911 |
Public Service Enterprise Group, Inc. | 19,476 | 958,219 |
SCANA Corp. | 5,084 | 219,324 |
Sempra Energy | 3,506 | 411,955 |
Vectren Corp. | 2,923 | 199,173 |
WEC Energy Group, Inc. | 8,937 | 602,264 |
Water utilities – 2.8% | ||
American Water Works Company, Inc. | 4,852 | 425,812 |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Water utilities (continued) | ||
Aqua America, Inc. | 3,714 | $131,773 |
SHORT-TERM INVESTMENTS – 0.1% | $14,460 | |
(Cost $14,460) | ||
Money market funds – 0.1% | 14,460 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.9569% (B) | 14,460 | 14,460 |
Total investments (Multifactor Utilities ETF) (Cost $18,461,598) 100.0% | $20,154,657 | |
Other assets and liabilities, net 0.0% | 333 | |
Total net assets 100.0% | $20,154,990 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 10-31-17. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 63 |
Financial statements
STATEMENTS OF ASSETS AND LIABILITIES 10-31-17 (unaudited)
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Energy ETF | |||||||||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at value | $33,961,742 | $20,450,439 | $53,304,482 | $27,422,300 | ||||||||||||||||||||||||||||||||||||||
Affiliated investments, at value | 1,139,647 | 327,897 | 1,175,566 | 841,022 | ||||||||||||||||||||||||||||||||||||||
Foreign currency, at value | — | — | 93,814 | — | ||||||||||||||||||||||||||||||||||||||
Receivable for investments sold | — | 1,276,210 | 296 | — | ||||||||||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | 10,972,471 | ||||||||||||||||||||||||||||||||||||||
Dividends and interest receivable | 18,397 | 23,908 | 172,725 | 15,652 | ||||||||||||||||||||||||||||||||||||||
Receivable for securities lending income | 1,271 | 100 | 611 | 357 | ||||||||||||||||||||||||||||||||||||||
Receivable due from advisor | 3,955 | 5,227 | — | 5,986 | ||||||||||||||||||||||||||||||||||||||
Other receivables and prepaid expenses | 5,173 | 8,494 | 15,133 | 8,398 | ||||||||||||||||||||||||||||||||||||||
Total assets | 35,130,185 | 22,092,275 | 54,762,627 | 39,266,186 | ||||||||||||||||||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||||||||||||
Payable for investments purchased | — | — | 1,993 | 10,969,454 | ||||||||||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | 1,278,830 | — | — | ||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 1,139,708 | 327,915 | 1,175,628 | 841,047 | ||||||||||||||||||||||||||||||||||||||
Payable to affiliates | ||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 516 | 271 | 6,245 | 237 | ||||||||||||||||||||||||||||||||||||||
Investment management fees | — | — | 717 | — | ||||||||||||||||||||||||||||||||||||||
Other liabilities and accrued expenses | 31,401 | 23,971 | 29,408 | 24,258 | ||||||||||||||||||||||||||||||||||||||
Total liabilities | 1,171,625 | 1,630,987 | 1,213,991 | 11,834,996 | ||||||||||||||||||||||||||||||||||||||
Net assets | $33,958,560 | $20,461,288 | $53,548,636 | $27,431,190 | ||||||||||||||||||||||||||||||||||||||
Net assets consist of | �� | |||||||||||||||||||||||||||||||||||||||||
Paid-in capital | $31,391,898 | $21,050,927 | $47,272,476 | $27,494,515 | ||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | 107,142 | 106,311 | 253,061 | 207,486 | ||||||||||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | (239,546 | ) | (66,907 | ) | 816,028 | (588,709 | ) | |||||||||||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on investments | 2,699,066 | (629,043 | ) | 5,207,071 | 317,898 | |||||||||||||||||||||||||||||||||||||
Net assets | $33,958,560 | $20,461,288 | $53,548,636 | $27,431,190 | ||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at cost | 31,262,638 | 21,079,471 | 48,096,567 | 27,104,380 | ||||||||||||||||||||||||||||||||||||||
Affiliated investments, at cost | 1,139,685 | 327,908 | 1,175,597 | 841,044 | ||||||||||||||||||||||||||||||||||||||
Foreign currency, at cost | — | — | 94,873 | — | ||||||||||||||||||||||||||||||||||||||
Securities loaned, unaffiliated investments, at value | 1,083,498 | 324,037 | 1,119,065 | 832,087 | ||||||||||||||||||||||||||||||||||||||
Net asset value per share | ||||||||||||||||||||||||||||||||||||||||||
Based on net asset values and shares outstanding - the funds have an unlimited number of shares authorized with no par value | ||||||||||||||||||||||||||||||||||||||||||
Net assets | 33,958,560 | 20,461,288 | 53,548,636 | 27,431,190 | ||||||||||||||||||||||||||||||||||||||
Shares outstanding | 1,200,000 | 800,000 | 1,800,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||
Net asset value per share | $28.30 | $25.58 | $29.75 | $27.43 |
STATEMENTS OF ASSETS AND LIABILITIES 10-31-17 (unaudited)Continued
Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | Multifactor Large Cap ETF | ||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at value | $52,756,195 | $37,854,287 | $23,518,564 | $382,146,234 | |||||||||||||||||||||||||||||||||
Affiliated investments, at value | 47,032 | 305,317 | 267,543 | 4,042,656 | |||||||||||||||||||||||||||||||||
Cash held at broker for futures contracts | — | — | — | 4,500 | |||||||||||||||||||||||||||||||||
Dividends and interest receivable | 29,579 | 16,488 | 12,712 | 260,804 | |||||||||||||||||||||||||||||||||
Receivable for securities lending income | 28 | 203 | 87 | 2,008 | |||||||||||||||||||||||||||||||||
Receivable for futures variation margin | — | — | — | 220 | |||||||||||||||||||||||||||||||||
Receivable due from advisor | — | 2,504 | 3,146 | — | |||||||||||||||||||||||||||||||||
Other receivables and prepaid expenses | 5,897 | 5,341 | 8,696 | 20,218 | |||||||||||||||||||||||||||||||||
Total assets | 52,838,731 | 38,184,140 | 23,810,748 | 386,476,640 | |||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 47,011 | 305,326 | 267,567 | 4,042,866 | |||||||||||||||||||||||||||||||||
Payable to affiliates | |||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 762 | 570 | 366 | 5,708 | |||||||||||||||||||||||||||||||||
Investment management fees | 2,603 | — | — | 79,400 | |||||||||||||||||||||||||||||||||
Other liabilities and accrued expenses | 33,703 | 34,847 | 23,939 | 52,591 | |||||||||||||||||||||||||||||||||
Total liabilities | 84,079 | 340,743 | 291,872 | 4,180,565 | |||||||||||||||||||||||||||||||||
Net assets | $52,754,652 | $37,843,397 | $23,518,876 | $382,296,075 | |||||||||||||||||||||||||||||||||
Net assets consist of | |||||||||||||||||||||||||||||||||||||
Paid-in capital | $42,593,296 | $33,376,136 | $19,086,673 | $328,514,948 | |||||||||||||||||||||||||||||||||
Undistributed net investment income | 175,538 | 81,863 | 71,162 | 1,865,719 | |||||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | 174,606 | 648,341 | 186,510 | 6,003,149 | |||||||||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on investments | 9,811,212 | 3,737,057 | 4,174,531 | 45,912,259 | |||||||||||||||||||||||||||||||||
Net assets | $52,754,652 | $37,843,397 | $23,518,876 | $382,296,075 | |||||||||||||||||||||||||||||||||
Unaffiliated investments, at cost | 42,944,982 | 34,117,221 | 19,344,026 | 336,234,817 | |||||||||||||||||||||||||||||||||
Affiliated investments, at cost | 47,033 | 305,326 | 267,550 | 4,042,809 | |||||||||||||||||||||||||||||||||
Securities loaned, unaffiliated investments, at value | 46,481 | 299,734 | 261,606 | 3,924,478 | |||||||||||||||||||||||||||||||||
Net asset value per share | |||||||||||||||||||||||||||||||||||||
Based on net asset values and shares outstanding - the funds have an unlimited number of shares authorized with no par value | |||||||||||||||||||||||||||||||||||||
Net assets | 52,754,652 | 37,843,397 | 23,518,876 | 382,296,075 | |||||||||||||||||||||||||||||||||
Shares outstanding | 1,500,000 | 1,250,000 | 700,000 | 11,400,000 | |||||||||||||||||||||||||||||||||
Net asset value per share | $35.17 | $30.27 | $33.60 | $33.53 |
STATEMENTS OF ASSETS AND LIABILITIES 10-31-17 (unaudited)Continued
Multifactor Materials ETF | Multifactor Mid Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF | ||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at value | $22,188,541 | $256,615,367 | $55,292,929 | $20,154,657 | |||||||||||||||||||||||||||||||||
Affiliated investments, at value | — | 7,822,631 | 989,363 | — | |||||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | 2,046,986 | — | |||||||||||||||||||||||||||||||||
Dividends and interest receivable | 16,013 | 114,924 | 6,625 | 10,773 | |||||||||||||||||||||||||||||||||
Receivable for securities lending income | — | 4,226 | 876 | — | |||||||||||||||||||||||||||||||||
Receivable due from advisor | 3,698 | — | — | 4,625 | |||||||||||||||||||||||||||||||||
Other receivables and prepaid expenses | 8,623 | 13,073 | 5,981 | 8,523 | |||||||||||||||||||||||||||||||||
Total assets | 22,216,875 | 264,570,221 | 58,342,760 | 20,178,578 | |||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||
Payable for investments purchased | — | — | 2,045,307 | — | |||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | 7,823,097 | 989,421 | — | |||||||||||||||||||||||||||||||||
Payable to affiliates | |||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 344 | 3,761 | 804 | 295 | |||||||||||||||||||||||||||||||||
Investment management fees | — | 65,894 | 3,003 | — | |||||||||||||||||||||||||||||||||
Other liabilities and accrued expenses | 23,856 | 41,815 | 35,586 | 23,293 | |||||||||||||||||||||||||||||||||
Total liabilities | 24,200 | 7,934,567 | 3,074,121 | 23,588 | |||||||||||||||||||||||||||||||||
Net assets | $22,192,675 | $256,635,654 | $55,268,639 | $20,154,990 | |||||||||||||||||||||||||||||||||
Net assets consist of | |||||||||||||||||||||||||||||||||||||
Paid-in capital | $17,930,981 | $228,777,543 | $40,299,496 | $18,307,731 | |||||||||||||||||||||||||||||||||
Undistributed net investment income | 96,957 | 740,557 | 115,070 | 143,986 | |||||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | 286,428 | 837,012 | 2,544,082 | 10,214 | |||||||||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on investments | 3,878,309 | 26,280,542 | 12,309,991 | 1,693,059 | |||||||||||||||||||||||||||||||||
Net assets | $22,192,675 | $256,635,654 | $55,268,639 | $20,154,990 | |||||||||||||||||||||||||||||||||
Unaffiliated investments, at cost | 18,310,232 | 230,334,540 | 42,982,918 | 18,461,598 | |||||||||||||||||||||||||||||||||
Affiliated investments, at cost | — | 7,822,916 | 989,383 | — | |||||||||||||||||||||||||||||||||
Securities loaned, unaffiliated investments, at value | — | 7,606,877 | 971,442 | — | |||||||||||||||||||||||||||||||||
Net asset value per share | |||||||||||||||||||||||||||||||||||||
Based on net asset values and shares outstanding - the funds have an unlimited number of shares authorized with no par value | |||||||||||||||||||||||||||||||||||||
Net assets | 22,192,675 | 256,635,654 | 55,268,639 | 20,154,990 | |||||||||||||||||||||||||||||||||
Shares outstanding | 650,000 | 7,800,000 | 1,350,000 | 700,000 | |||||||||||||||||||||||||||||||||
Net asset value per share | $34.14 | $32.90 | $40.94 | $28.79 |
STATEMENTS OF OPERATIONS For the six months ended 10-31-17 (unaudited)
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Energy ETF | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment income | |||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $248,579 | $228,866 | $591,669 | $307,204 | |||||||||||||||||||||||||||||||||||||||||||||||
Non-cash dividends | — | — | 82,230 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Securities lending | 5,887 | 377 | 1,154 | 1,423 | |||||||||||||||||||||||||||||||||||||||||||||||
Interest | 124 | 103 | 271 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||
Less foreign taxes withheld | — | — | (50,533 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
Total investment income | 254,590 | 229,346 | 624,791 | 308,685 | |||||||||||||||||||||||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees | 71,522 | 40,000 | 95,127 | 35,851 | |||||||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 3,544 | 1,982 | 4,714 | 1,777 | |||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 7,864 | 7,864 | 7,209 | 7,864 | |||||||||||||||||||||||||||||||||||||||||||||||
Trustees' fees | 214 | 116 | 168 | 122 | |||||||||||||||||||||||||||||||||||||||||||||||
Printing and postage | 6,563 | 6,243 | 33,714 | 6,212 | |||||||||||||||||||||||||||||||||||||||||||||||
Professional fees | 15,557 | 11,480 | 15,071 | 11,553 | |||||||||||||||||||||||||||||||||||||||||||||||
Custodian fees | 32,449 | 26,148 | 19,646 | 26,149 | |||||||||||||||||||||||||||||||||||||||||||||||
Stock exchange listing fees | 3,549 | 4,266 | 2,531 | 4,266 | |||||||||||||||||||||||||||||||||||||||||||||||
Other | 2,214 | 2,131 | 1,598 | 2,138 | |||||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 143,476 | 100,230 | 179,778 | 95,932 | |||||||||||||||||||||||||||||||||||||||||||||||
Less expense reductions | (64,006 | ) | (55,785 | ) | (84,723 | ) | (56,097 | ) | |||||||||||||||||||||||||||||||||||||||||||
Net expenses | 79,470 | 44,445 | 95,055 | 39,835 | |||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 175,120 | 184,901 | 529,736 | 268,850 | |||||||||||||||||||||||||||||||||||||||||||||||
Realized and unrealized gain (loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and foreign currency transactions | (167,600 | ) | (24,083 | ) | (197,045 | ) | (626,105 | ) | |||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | (23 | ) | (16 | ) | (32 | ) | (5 | ) | |||||||||||||||||||||||||||||||||||||||||||
Redemptions in kind | 411,555 | 63,811 | 1,066,108 | 216,921 | |||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | — | — | (605 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
243,932 | 39,712 | 868,426 | (409,189 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) of | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 74,659 | (672,256 | ) | 2,933,963 | 311,031 | ||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | (38 | ) | (11 | ) | (31 | ) | (22 | ) | |||||||||||||||||||||||||||||||||||||||||||
74,621 | (672,267 | ) | 2,933,932 | 311,009 | |||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) | 318,553 | (632,555 | ) | 3,802,358 | (98,180 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets from operations | $493,673 | $(447,654 | ) | $4,332,094 | $170,670 |
STATEMENTS OF OPERATIONS For the six months ended 10-31-17 (unaudited)Continued
Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | Multifactor Large Cap ETF | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment income | |||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $389,364 | $215,599 | $178,920 | $3,541,521 | |||||||||||||||||||||||||||||||||||||||||||||||
Securities lending | 353 | 357 | 248 | 10,121 | |||||||||||||||||||||||||||||||||||||||||||||||
Interest | 146 | 171 | 100 | 1,425 | |||||||||||||||||||||||||||||||||||||||||||||||
Total investment income | 389,863 | 216,127 | 179,268 | 3,553,067 | |||||||||||||||||||||||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees | 105,678 | 77,850 | 50,373 | 537,310 | |||||||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 5,237 | 3,858 | 2,496 | 40,384 | |||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 7,864 | 7,864 | 7,864 | 7,864 | |||||||||||||||||||||||||||||||||||||||||||||||
Trustees' fees | 289 | 226 | 143 | 2,278 | |||||||||||||||||||||||||||||||||||||||||||||||
Printing and postage | 6,642 | 7,371 | 6,193 | 9,710 | |||||||||||||||||||||||||||||||||||||||||||||||
Professional fees | 17,128 | 16,411 | 11,750 | 57,627 | |||||||||||||||||||||||||||||||||||||||||||||||
Custodian fees | 32,449 | 32,449 | 26,148 | 38,327 | |||||||||||||||||||||||||||||||||||||||||||||||
Stock exchange listing fees | 3,549 | 3,549 | 4,266 | 3,549 | |||||||||||||||||||||||||||||||||||||||||||||||
Other | 2,254 | 2,220 | 2,143 | 3,402 | |||||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 181,090 | 151,798 | 111,376 | 700,451 | |||||||||||||||||||||||||||||||||||||||||||||||
Less expense reductions | (63,669 | ) | (65,298 | ) | (55,407 | ) | (66,622 | ) | |||||||||||||||||||||||||||||||||||||||||||
Net expenses | 117,421 | 86,500 | 55,969 | 633,829 | |||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 272,442 | 129,627 | 123,299 | 2,919,238 | |||||||||||||||||||||||||||||||||||||||||||||||
Realized and unrealized gain (loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and foreign currency transactions | (109,367 | ) | (147,436 | ) | (58,283 | ) | (649,056 | ) | |||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | 22 | — | (16 | ) | (57 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Redemptions in kind | 471,366 | 1,094,873 | 322,287 | 7,651,066 | |||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | — | (59 | ) | — | 31,882 | ||||||||||||||||||||||||||||||||||||||||||||||
362,021 | 947,378 | 263,988 | 7,033,835 | ||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) of | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 4,877,725 | 888,061 | 1,953,757 | 20,142,544 | |||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | (1 | ) | (9 | ) | (7 | ) | (153 | ) | |||||||||||||||||||||||||||||||||||||||||||
Futures contracts | — | — | — | (190 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
4,877,724 | 888,052 | 1,953,750 | 20,142,201 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) | 5,239,745 | 1,835,430 | 2,217,738 | 27,176,036 | |||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets from operations | $5,512,187 | $1,965,057 | $2,341,037 | $30,095,274 |
STATEMENTS OF OPERATIONS For the six months ended 10-31-17 (unaudited)Continued
Multifactor Materials ETF | Multifactor Mid Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment income | |||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $197,419 | $1,541,098 | $314,694 | $297,550 | |||||||||||||||||||||||||||||||||||||||||||||||
Securities lending | 71 | 17,447 | 3,130 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Interest | 65 | 1,011 | 197 | 61 | |||||||||||||||||||||||||||||||||||||||||||||||
Total investment income | 197,555 | 1,559,556 | 318,021 | 297,611 | |||||||||||||||||||||||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees | 46,778 | 406,381 | 110,619 | 41,470 | |||||||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 2,318 | 22,656 | 5,482 | 2,055 | |||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 7,864 | 7,864 | 7,864 | 7,864 | |||||||||||||||||||||||||||||||||||||||||||||||
Trustees' fees | 131 | 1,142 | 275 | 116 | |||||||||||||||||||||||||||||||||||||||||||||||
Printing and postage | 6,175 | 9,332 | 7,005 | 5,905 | |||||||||||||||||||||||||||||||||||||||||||||||
Professional fees | 11,603 | 34,235 | 17,053 | 10,910 | |||||||||||||||||||||||||||||||||||||||||||||||
Custodian fees | 26,149 | 32,449 | 32,449 | 26,148 | |||||||||||||||||||||||||||||||||||||||||||||||
Stock exchange listing fees | 4,266 | 3,549 | 3,549 | 4,266 | |||||||||||||||||||||||||||||||||||||||||||||||
Other | 2,140 | 2,729 | 2,243 | 2,131 | |||||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 107,424 | 520,337 | 186,539 | 100,865 | |||||||||||||||||||||||||||||||||||||||||||||||
Less expense reductions | (55,448 | ) | (63,159 | ) | (63,627 | ) | (54,787 | ) | |||||||||||||||||||||||||||||||||||||||||||
Net expenses | 51,976 | 457,178 | 122,912 | 46,078 | |||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 145,579 | 1,102,378 | 195,109 | 251,533 | |||||||||||||||||||||||||||||||||||||||||||||||
Realized and unrealized gain (loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and foreign currency transactions | (80,497 | ) | (993,208 | ) | 31,321 | (23,639 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | — | (181 | ) | (38 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
Redemptions in kind | 488,781 | 2,447,490 | 2,546,256 | 126,229 | |||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | — | 21,478 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
408,284 | 1,475,579 | 2,577,539 | 102,590 | ||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) of | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 1,710,590 | 13,242,330 | 4,971,770 | 1,018,239 | |||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | — | (285 | ) | (20 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||
1,710,590 | 13,242,045 | 4,971,750 | 1,018,239 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) | 2,118,874 | 14,717,624 | 7,549,289 | 1,120,829 | |||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets from operations | $2,264,453 | $15,820,002 | $7,744,398 | $1,372,362 |
STATEMENTS OF CHANGES IN NET ASSETS
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Period ended 4-30-171 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $175,120 | $456,732 | $184,901 | $238,816 | $529,736 | $300,702 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 243,932 | (145,879 | ) | 39,712 | 53,441 | 868,426 | 197,156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 74,621 | 2,516,491 | (672,267 | ) | 46,093 | 2,933,932 | 2,273,139 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 493,673 | 2,827,344 | (447,654 | ) | 338,350 | 4,332,094 | 2,770,997 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (150,337 | ) | (432,608 | ) | (165,081 | ) | (159,742 | ) | (582,842 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 4,169,314 | 14,489,796 | 6,459,521 | 14,592,527 | 23,008,407 | 32,444,015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (1,403,339 | ) | (1,374,195 | ) | (2,594,949 | ) | (2,590,338 | ) | (5,816,433 | ) | (2,607,602 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 2,765,975 | 13,115,601 | 3,864,572 | 12,002,189 | 17,191,974 | 29,836,413 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 3,109,311 | 15,510,337 | 3,251,837 | 12,180,797 | 20,941,226 | 32,607,410 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 30,849,249 | 15,338,912 | 17,209,451 | 5,028,654 | 32,607,410 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | $33,958,560 | $30,849,249 | $20,461,288 | $17,209,451 | $53,548,636 | $32,607,410 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $107,142 | $82,359 | $106,311 | $86,491 | $253,061 | $306,167 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 1,100,000 | 600,000 | 650,000 | 200,000 | 1,200,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 150,000 | 550,000 | 250,000 | 550,000 | 800,000 | 1,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (50,000 | ) | (50,000 | ) | (100,000 | ) | (100,000 | ) | (200,000 | ) | (100,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | 1,200,000 | 1,100,000 | 800,000 | 650,000 | 1,800,000 | 1,200,000 |
1 Period from 12-15-16 (commencement of operations) to 4-30-17.
Multifactor Energy ETF | Multifactor Financials ETF | Multifactor Healthcare ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Year ended 4-30-17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $268,850 | $194,356 | $272,442 | $381,686 | $129,627 | $282,023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | (409,189 | ) | 100,607 | 362,021 | 1,153,886 | 947,378 | 107,370 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 311,009 | (470,595 | ) | 4,877,724 | 4,991,903 | 888,052 | 2,251,743 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 170,670 | (175,632 | ) | 5,512,187 | 6,527,475 | 1,965,057 | 2,641,136 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (135,108 | ) | (122,206 | ) | (228,200 | ) | (325,897 | ) | (182,732 | ) | (181,449 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 12,248,819 | 12,736,058 | 6,616,251 | 23,289,238 | 9,133,943 | 15,098,515 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (1,307,751 | ) | (1,429,500 | ) | (1,646,988 | ) | (6,004,275 | ) | (5,948,032 | ) | (1,436,628 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 10,941,068 | 11,306,558 | 4,969,263 | 17,284,963 | 3,185,911 | 13,661,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 10,976,630 | 11,008,720 | 10,253,250 | 23,486,541 | 4,968,236 | 16,121,574 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 16,454,560 | 5,445,840 | 42,501,402 | 19,014,861 | 32,875,161 | 16,753,587 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | $27,431,190 | $16,454,560 | $52,754,652 | $42,501,402 | $37,843,397 | $32,875,161 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $207,486 | $73,744 | $175,538 | $131,296 | $81,863 | $134,968 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 600,000 | 200,000 | 1,350,000 | 750,000 | 1,150,000 | 650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 450,000 | 450,000 | 200,000 | 800,000 | 300,000 | 550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (50,000 | ) | (50,000 | ) | (50,000 | ) | (200,000 | ) | (200,000 | ) | (50,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | 1,000,000 | 600,000 | 1,500,000 | 1,350,000 | 1,250,000 | 1,150,000 |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
Multifactor Industrials ETF | Multifactor Large Cap ETF | Multifactor Materials ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Year ended 4-30-17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $123,299 | $175,588 | $2,919,238 | $3,759,101 | $145,579 | $202,921 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 263,988 | 341,130 | 7,033,835 | 6,745,779 | 408,284 | 201,742 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 1,953,750 | 2,148,911 | 20,142,201 | 24,997,878 | 1,710,590 | 1,842,421 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 2,341,037 | 2,665,629 | 30,095,274 | 35,502,758 | 2,264,453 | 2,247,084 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (99,428 | ) | (131,217 | ) | (2,402,897 | ) | (2,525,455 | ) | (114,576 | ) | (144,934 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 1,591,697 | 16,488,222 | 57,641,682 | 336,448,827 | 1,606,105 | 14,134,376 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (1,596,419 | ) | (2,815,378 | ) | (45,039,510 | ) | (54,224,798 | ) | (1,613,876 | ) | (1,538,515 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | (4,722 | ) | 13,672,844 | 12,602,172 | 282,224,029 | (7,771 | ) | 12,595,861 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 2,236,887 | 16,207,256 | 40,294,549 | 315,201,332 | 2,142,106 | 14,698,011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 21,281,989 | 5,074,733 | 342,001,526 | 26,800,194 | 20,050,569 | 5,352,558 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | $23,518,876 | $21,281,989 | $382,296,075 | $342,001,526 | $22,192,675 | $20,050,569 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $71,162 | $47,291 | $1,865,719 | $1,358,158 | $96,957 | $65,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 700,000 | 200,000 | 11,000,000 | 1,004,107 | 650,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 50,000 | 600,000 | 1,800,000 | 11,800,000 | 50,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (50,000 | ) | (100,000 | ) | (1,400,000 | ) | (1,804,107 | ) | (50,000 | ) | (50,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | 700,000 | 700,000 | 11,400,000 | 11,000,000 | 650,000 | 650,000 |
Multifactor Mid Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Year ended 4-30-17 | Six months ended 10-31-17 | Year ended 4-30-17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $1,102,378 | $1,300,669 | $195,109 | $314,646 | $251,533 | $341,726 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 1,475,579 | 4,144,567 | 2,577,539 | 1,096,948 | 102,590 | 29,313 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 13,242,045 | 12,471,627 | 4,971,750 | 7,363,147 | 1,018,239 | 692,382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 15,820,002 | 17,916,863 | 7,744,398 | 8,774,741 | 1,372,362 | 1,063,421 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (764,940 | ) | (974,578 | ) | (170,560 | ) | (327,970 | ) | (230,497 | ) | (223,656 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 80,981,623 | 165,935,421 | 13,222,668 | 20,338,821 | 2,868,483 | 13,096,687 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (9,494,253 | ) | (32,339,068 | ) | (7,650,820 | ) | (4,766,332 | ) | (1,417,073 | ) | (1,346,085 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 71,487,370 | 133,596,353 | 5,571,848 | 15,572,489 | 1,451,410 | 11,750,602 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 86,542,432 | 150,538,638 | 13,145,686 | 24,019,260 | 2,593,275 | 12,590,367 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 170,093,222 | 19,554,584 | 42,122,953 | 18,103,693 | 17,561,715 | 4,971,348 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | $256,635,654 | $170,093,222 | $55,268,639 | $42,122,953 | $20,154,990 | $17,561,715 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $740,557 | $403,119 | $115,070 | $90,521 | $143,986 | $122,950 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 5,550,000 | 750,000 | 1,200,000 | 700,000 | 650,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 2,550,000 | 5,900,000 | 350,000 | 650,000 | 100,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (300,000 | ) | (1,100,000 | ) | (200,000 | ) | (150,000 | ) | (50,000 | ) | (50,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of period | 7,800,000 | 5,550,000 | 1,350,000 | 1,200,000 | 700,000 | 650,000 |
Financial highlights
MULTIFACTOR CONSUMER DISCRETIONARY ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $28.04 | $25.56 | $24.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.16 | 0.51 | 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 0.24 | 2.45 | 1.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 0.40 | 2.96 | 1.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.14 | ) | (0.48 | ) | (0.07 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $28.30 | $28.04 | $25.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 1.40 | 5 | 11.78 | 5.87 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $34 | $31 | $15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.90 | 6 | 1.07 | 1.27 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 6 | 0.50 | 0.50 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.10 | 6 | 1.93 | 1.22 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 4 | 16 | 5 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR CONSUMER STAPLES ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $26.48 | $25.14 | $25.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.27 | 0.48 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.92 | ) | 1.21 | (0.01 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | (0.65 | ) | 1.69 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.25 | ) | (0.35 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $25.58 | $26.48 | $25.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | (2.47 | ) 5 | 6.75 | 0.08 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $20 | $17 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.13 | 6 | 1.18 | 5.96 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 6 | 0.50 | 0.50 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 2.08 | 6 | 1.86 | 1.49 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 9 | 11 | 0 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $27.17 | $24.54 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.36 | 0.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 2.67 | 2.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.03 | 2.63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.45 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $29.75 | $27.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 11.23 | 5 | 10.73 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $54 | $33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.85 | 6 | 0.99 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.45 | 6 | 0.45 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 2.51 | 6 | 3.02 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 8 | 8 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 12-15-16 (commencement of operations) to 4-30-17. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR ENERGY ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $27.42 | $27.23 | $24.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.45 | 4 | 0.42 | — | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments | (0.21 | ) | 0.06 | 6 | 2.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 0.24 | 0.48 | 2.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.23 | ) | (0.29 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $27.43 | $27.42 | $27.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)7 | 0.91 | 8 | 1.73 | 9.63 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $27 | $16 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.20 | 9 | 1.15 | 5.86 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 9 | 0.50 | 0.50 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.70 | 4,8 | 1.46 | 0.20 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)10 | 11 | 30 | 2 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Net Investment income per share and the percentage of average net assets reflects special dividends received by the fund, which amounted to $0.21 and 0.81%, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Less than $0.005 per share. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Financial highlights continued
MULTIFACTOR FINANCIALS ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
�� | Per share operating performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $31.48 | $25.35 | $24.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.19 | 0.38 | 0.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.66 | 6.10 | 0.85 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.85 | 6.48 | 1.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.16 | ) | (0.35 | ) | (0.08 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $35.17 | $31.48 | $25.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)5 | 12.28 | 6 | 25.78 | 4.33 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $53 | $43 | $19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.77 | 7 | 0.99 | 1.19 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 7 | 0.50 | 0.50 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.16 | 7 | 1.32 | 1.41 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)8 | 3 | 7 | 11 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the issuances and repurchases of shares in relation to fluctuating market values of the investments of the fund. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR HEALTHCARE ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $28.59 | $25.77 | $23.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.11 | 0.30 | 0.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 1.74 | 2.72 | 1.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 1.85 | 3.02 | 1.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.17 | ) | (0.20 | ) | (0.05 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $30.27 | $28.59 | $25.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 6.51 | 5 | 11.78 | 7.89 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $38 | $33 | $17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.88 | 6 | 1.06 | 1.23 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 6 | 0.50 | 0.50 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.75 | 6 | 1.12 | 0.74 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 4 | 14 | 6 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MULTIFACTOR INDUSTRIALS ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $30.40 | $25.37 | $25.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.18 | 0.35 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.16 | 4.94 | 0.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.34 | 5.29 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.14 | ) | (0.26 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $33.60 | $30.40 | $25.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 11.01 | 5 | 20.95 | 1.45 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $24 | $21 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.99 | 6 | 1.12 | 5.95 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 6 | 0.50 | 0.50 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.10 | 6 | 1.24 | 0.50 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 1 | 8 | — | 8 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 | Less than 1%. |
MULTIFACTOR LARGE CAP ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $31.09 | $26.69 | $24.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.26 | 0.49 | 0.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 2.39 | 4.31 | 2.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.65 | 4.80 | 2.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.21 | ) | (0.40 | ) | (0.10 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $33.53 | $31.09 | $26.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 8.57 | 5 | 18.13 | 10.01 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $382 | $342 | $27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.39 | 6 | 0.45 | 0.93 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.35 | 6 | 0.35 | 0.35 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.61 | 6 | 1.67 | 1.80 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 3 | 12 | 6 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial highlights continued
MULTIFACTOR MATERIALS ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $30.85 | $26.76 | $25.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.22 | 0.44 | 0.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.25 | 3.97 | 1.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.47 | 4.41 | 1.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.18 | ) | (0.32 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $34.14 | $30.85 | $26.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 11.32 | 5 | 16.58 | 6.63 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $22 | $20 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.03 | 6 | 1.15 | 5.85 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 6 | 0.50 | 0.50 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.40 | 6 | 1.51 | 1.57 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 6 | 17 | 0 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR MID CAP ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $30.65 | $26.07 | $24.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.17 | 0.33 | 0.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 2.21 | 4.58 | 1.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.38 | 4.91 | 1.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.13 | ) | (0.33 | ) | (0.08 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $32.90 | $30.65 | $26.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 7.79 | 5 | 18.96 | 7.70 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $257 | $170 | $20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.51 | 6 | 0.61 | 1.11 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.45 | 6 | 0.45 | 0.45 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.09 | 6 | 1.16 | 1.44 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 5 | 14 | 12 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR TECHNOLOGY ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $35.10 | $25.86 | $24.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.15 | 0.34 | 0.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 5.82 | 9.30 | 1.26 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 5.97 | 9.64 | 1.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.13 | ) | (0.40 | ) | (0.09 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $40.94 | $35.10 | $25.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)5 | 17.05 | 6 | 37.66 | 6.26 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $55 | $42 | $18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.76 | 7 | 1.00 | 1.18 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 7 | 0.50 | 0.50 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.79 | 7 | 1.11 | 1.75 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)8 | 5 | 18 | 11 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR UTILITIES ETF
Period Ended | 10-31-17 | 1 | 4-30-17 | 4-30-16 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $27.02 | $24.86 | $24.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income3 | 0.38 | 0.71 | 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 1.75 | 1.94 | (0.08 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.13 | 2.65 | (0.06 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.36 | ) | (0.49 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $28.79 | $27.02 | $24.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 7.93 | 5 | 10.79 | (0.27 | ) 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $20 | $18 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.09 | 6 | 1.18 | 6.05 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 6 | 0.50 | 0.50 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 2.73 | 6 | 2.77 | 0.95 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 5 | 16 | 0 |
1 | Six months ended 10-31-17. Unaudited. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Note 1 — Organization
John Hancock Exchange-Traded Fund Trust (the Trust) is an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series (the funds), twelve of which are presented in this report.
The investment objective of each fund is to seek to provide investment results that closely correspond, before fees and expenses, to the performance of their respective Index as listed below:
Fund | Index |
Multifactor Consumer Discretionary ETF | John Hancock Dimensional Consumer Discretionary Index |
Multifactor Consumer Staples ETF | John Hancock Dimensional Consumer Staples Index |
Multifactor Developed International ETF | John Hancock Dimensional Developed International Index |
Multifactor Energy ETF | John Hancock Dimensional Energy Index |
Multifactor Financials ETF | John Hancock Dimensional Financials Index |
Multifactor Healthcare ETF | John Hancock Dimensional Healthcare Index |
Multifactor Industrials ETF | John Hancock Dimensional Industrials Index |
Multifactor Large Cap ETF | John Hancock Dimensional Large Cap Index |
Multifactor Materials ETF | John Hancock Dimensional Materials Index |
Multifactor Mid Cap ETF | John Hancock Dimensional Mid Cap Index |
Multifactor Technology ETF | John Hancock Dimensional Technology Index |
Multifactor Utilities ETF | John Hancock Dimensional Utilities Index |
Note 2 — Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The funds qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the funds:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the funds' Valuation Policies and Procedures.
In order to value the securities, the funds use the following valuation techniques: Equity securities held by the funds are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the funds in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Futures contracts are valued at settlement prices, which are the official closing prices published by the exchange on which they trade. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor valued at London close.
In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the funds' Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the funds' Pricing Committee, following procedures established by the Board of Trustees. The funds may use fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities under certain circumstances, in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The funds use a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the funds' own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
As of October 31, 2017, all investments of Multifactor Consumer Discretionary ETF, Multifactor Consumer Staples ETF, Multifactor Energy ETF, Multifactor Industrials ETF, Multifactor Materials ETF, Multifactor Technology ETF, and Multifactor Utilities ETF are categorized as Level 1 under the hierarchy described above.
The following is a summary of the values by input classification of the remaining funds' investments as of October 31, 2017, by major security category or type:
MULTIFACTOR DEVELOPED INTERNATIONAL ETF
Total value at 10-31-17 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||
Investments in securities: | |||||
Assets | |||||
Common stocks | |||||
Australia | $3,642,046 | — | $3,642,046 | — | |
Austria | 116,294 | — | 116,294 | — | |
Belgium | 785,724 | — | 785,724 | — | |
Chile | 38,153 | — | 38,153 | — | |
Denmark | 971,143 | — | 971,143 | — | |
Finland | 618,725 | — | 618,725 | — | |
France | 5,327,903 | — | 5,327,903 | — | |
Germany | 5,127,999 | — | 5,127,999 | — | |
Hong Kong | 1,708,559 | — | 1,708,559 | — | |
Ireland | 410,688 | — | 410,688 | — | |
Israel | 135,541 | $14,421 | 121,120 | — | |
Italy | 1,067,788 | — | 1,067,788 | — | |
Japan | 13,056,565 | — | 13,056,565 | — | |
Jersey, Channel Islands | 47,333 | — | 47,333 | — | |
Luxembourg | 178,937 | — | 178,937 | — | |
Macau | 69,756 | — | 69,756 | — | |
Mexico | 23,117 | — | 23,117 | — | |
Netherlands | 2,076,075 | — | 2,076,075 | — | |
New Zealand | 54,999 | — | 54,999 | — | |
Norway | 315,191 | — | 315,191 | — | |
Portugal | 73,480 | — | 73,480 | — | |
Singapore | 555,456 | — | 555,456 | — | |
South Africa | 157,254 | — | 157,254 | — | |
Spain | 1,774,123 | — | 1,774,123 | — | |
Sweden | 1,570,113 | — | 1,570,113 | — | |
Switzerland | 4,315,242 | — | 4,315,242 | — | |
United Kingdom | 8,630,436 | — | 8,630,436 | — | |
United States | 39,460 | — | 39,460 | — | |
Preferred securities | 325,572 | — | 325,572 | — | |
Rights | 3,006 | — | 3,006 | — | |
Securities lending collateral | 1,175,566 | $1,175,566 | — | — | |
Short-term investments | 87,804 | 87,804 | — | — | |
Total investments in securities | $54,480,048 | $1,277,791 | $53,202,257 | — |
MULTIFACTOR FINANCIALS ETF
Total value at 10-31-17 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||||||||||||||
Investments in securities: | |||||||||||||||||
Assets | |||||||||||||||||
Common stocks | |||||||||||||||||
Internet and direct marketing retail | $93,756 | $93,756 | — | — | |||||||||||||
Media | 225,877 | 225,877 | — | — |
Total value at 10-31-17 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||||||||||||||
Banks | 18,179,196 | $18,179,196 | — | — | |||||||||||||
Capital markets | 10,599,273 | 10,597,383 | — | $1,890 | |||||||||||||
Consumer finance | 3,541,580 | 3,541,580 | — | — | |||||||||||||
Diversified financial services | 2,424,475 | 2,424,475 | — | — | |||||||||||||
Insurance | 12,774,390 | 12,774,390 | — | — | |||||||||||||
Thrifts and mortgage finance | 422,537 | 422,537 | — | — | |||||||||||||
Professional services | 443,960 | 443,960 | — | — | |||||||||||||
Internet software and services | 80,185 | 80,185 | — | — | |||||||||||||
IT services | 3,271,026 | 3,271,026 | — | — | |||||||||||||
Real estate management and development | 640,177 | 640,177 | — | — | |||||||||||||
Securities lending collateral | 47,032 | 47,032 | — | — | |||||||||||||
Short-term investments | 59,763 | 59,763 | — | — | |||||||||||||
Total investments in securities | $52,803,227 | $52,801,337 | — | $1,890 |
MULTIFACTOR HEALTHCARE ETF
Total value at 10-31-17 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||
Investments in securities: | |||||
Assets | |||||
Common stocks | |||||
Biotechnology | $7,291,207 | $7,288,996 | — | $2,211 | |
Health care equipment and supplies | 8,502,256 | 8,502,256 | — | — | |
Health care providers and services | 10,812,544 | 10,812,544 | — | — | |
Life sciences tools and services | 2,257,126 | 2,257,126 | — | — | |
Pharmaceuticals | 8,911,411 | 8,911,411 | — | — | |
Commercial services and supplies | 57,491 | 57,491 | — | — | |
Securities lending collateral | 305,317 | 305,317 | — | — | |
Short-term investments | 22,252 | 22,252 | — | — | |
Total investments in securities | $38,159,604 | $38,157,393 | — | $2,211 |
MULTIFACTOR LARGE CAP ETF
Total value at 10-31-17 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||||||||||||||
Investments in securities: | |||||||||||||||||
Assets | |||||||||||||||||
Common stocks | |||||||||||||||||
Consumer discretionary | $47,825,751 | $47,825,751 | — | — | |||||||||||||
Consumer staples | 25,891,994 | 25,891,994 | — | — | |||||||||||||
Energy | 20,093,424 | 20,093,424 | — | — | |||||||||||||
Financials | 57,689,159 | 57,688,319 | — | $840 | |||||||||||||
Health care | 48,894,063 | 48,894,063 | — | — | |||||||||||||
Industrials | 47,881,990 | 47,881,990 | — | — | |||||||||||||
Information technology | 82,282,479 | 82,282,479 | — | — | |||||||||||||
Materials | 15,731,638 | 15,731,638 | — | — | |||||||||||||
Real estate | 13,206,175 | 13,206,175 | — | — | |||||||||||||
Telecommunication services | 5,017,281 | 5,017,281 | — | — | |||||||||||||
Utilities | 17,394,875 | 17,394,875 | — | — | |||||||||||||
Securities lending collateral | 4,042,656 | 4,042,656 | — | — | |||||||||||||
Short-term investments | 237,405 | 237,405 | — | — |
Total investments in securities | $386,188,890 | $386,188,050 | — | $840 | |||||||||||||
Derivatives: | |||||||||||||||||
Assets | |||||||||||||||||
Futures | $995 | $995 | — | — |
MULTIFACTOR MID CAP ETF
Total value at 10-31-17 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||
Investments in securities: | |||||
Assets | |||||
Common stocks | |||||
Consumer discretionary | $32,198,374 | $32,198,374 | — | — | |
Consumer staples | 9,044,539 | 9,044,539 | — | — | |
Energy | 9,219,511 | 9,219,511 | — | — | |
Financials | 40,385,733 | 40,383,843 | — | $1,890 | |
Health care | 25,547,949 | 25,547,949 | — | — | |
Industrials | 42,715,345 | 42,715,345 | — | — | |
Information technology | 47,638,226 | 47,638,226 | — | — | |
Materials | 17,458,188 | 17,458,188 | — | — | |
Real estate | 16,146,571 | 16,146,571 | — | — | |
Telecommunication services | 811,715 | 811,715 | — | — | |
Utilities | 15,336,989 | 15,336,989 | — | — | |
Securities lending collateral | 7,822,631 | 7,822,631 | — | — | |
Short-term investments | 112,227 | 112,227 | — | — | |
Total investments in securities | $264,437,998 | $264,436,108 | — | $1,890 |
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Real estate investment trusts. The funds may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the funds will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.
Securities lending. The funds may lend their securities to earn additional income. They receive cash collateral from the borrower in an amount not less than the market value of the loaned securities. The funds will invest their collateral in JHCT, an affiliate of the funds, which has a floating NAV and is registered with the Securities and Exchange Commission as an investment company. JHCT invests cash received as collateral as part of the securities lending program in short-term money market investments. Each fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The funds have the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the respective fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of the loss of the securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the funds could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The funds receive compensation for lending their securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the funds is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statements of operations.
Obligations to repay collateral received by the funds are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of October 31, 2017, the following funds loaned securities as follows:
Fund | Market value of securities on loan | Cash collateral received | ||||||
Multifactor Consumer Discretionary ETF | $1,083,498 | $1,139,708 | ||||||
Multifactor Consumer Staples ETF | 324,037 | 327,915 | ||||||
Multifactor Developed International ETF | 1,119,065 | 1,175,628 |
Fund | Market value of securities on loan | Cash collateral received | ||||||
Multifactor Energy ETF | $832,087 | $841,047 | ||||||
Multifactor Financials ETF | 46,481 | 47,011 | ||||||
Multifactor Healthcare ETF | 299,734 | 305,326 | ||||||
Multifactor Industrials ETF | 261,606 | 267,567 | ||||||
Multifactor Large Cap ETF | 3,924,478 | 4,042,866 | ||||||
Multifactor Mid Cap ETF | 7,606,877 | 7,823,097 | ||||||
Multifactor Technology ETF | 971,442 | 989,421 |
Foreign currency translation. Assets, including investments and liabilities denominated in foreign currencies, are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments.
Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors. Foreign investments are also subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.
Foreign taxes. The funds may be subject to withholding tax on income and/or capital gains or repatriation taxes imposed by certain countries in which the funds invest. Taxes are accrued based upon investment income, realized gains or unrealized appreciation.
Line of credit. The funds may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the funds' custodian agreement, the custodian may loan money to the funds to make properly authorized payments. The funds are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.
Effective June 29, 2017, the funds and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $750 million unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, a fund can borrow up to an aggregate commitment amount of $500 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset based allocations and is reflected in Other expenses on the Statements of operations. Prior to June 29, 2017, the funds had a similar agreement that enabled them to participate in a $1 billion unsecured committed line of credit. For the six months ended October 31, 2017, the funds had no borrowings under either line of credit.
Commitment fees for the six months ended October 31, 2017 were as follows:
Fund | Commitment fee |
Multifactor Consumer Discretionary ETF | $1,430 |
Multifactor Consumer Staples ETF | 1,417 |
Multifactor Developed International ETF | 1,432 |
Multifactor Energy ETF | 1,417 |
Multifactor Financials ETF | 1,443 |
Multifactor Healthcare ETF | 1,433 |
Multifactor Industrials ETF | 1,420 |
Multifactor Large Cap ETF | 1,744 |
Multifactor Materials ETF | 1,419 |
Multifactor Mid Cap ETF | 1,568 |
Multifactor Technology ETF | 1,441 |
Multifactor Utilities ETF | 1,417 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Federal income taxes. Each fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
For federal income tax purposes, as of April 30, 2017, certain funds have short-term capital loss carryforwards and long-term capital loss carryforwards available to offset future net realized capital gains. These carryforwards do not expire. The following table details the capital loss carryforwards available as of April 30, 2017:
Fund | Short term | Long term |
Multifactor Consumer Discretionary ETF | $357,559 | $118,533 |
Multifactor Consumer Staples ETF | 106,410 | — |
Multifactor Developed International ETF | 52,039 | — |
Multifactor Energy ETF | 179,002 | — |
Multifactor Financials ETF | 156,809 | 29,470 |
Multifactor Healthcare ETF | 109,165 | 187,240 |
Multifactor Industrials ETF | 77,456 | — |
Multifactor Large Cap ETF | 1,000,973 | — |
Multifactor Materials ETF | 121,856 | — |
Multifactor Mid Cap ETF | 610,727 | — |
Multifactor Technology ETF | 31,877 | — |
Multifactor Utilities ETF | 90,461 | — |
As of April 30, 2017, the funds had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The funds' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
The costs of investments owned on October 31, 2017, including short-term investments, for federal income tax purposes, were as follows:
Fund | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) | ||||||||||
Multifactor Consumer Discretionary ETF | $32,409,709 | $4,754,312 | ($2,062,632 | ) | $2,691,680 | |||||||||
Multifactor Consumer Staples ETF | 21,407,589 | 566,373 | (1,195,626 | ) | (629,253 | ) | ||||||||
Multifactor Developed International ETF | 49,302,646 | 5,562,503 | (385,101 | ) | 5,177,402 | |||||||||
Multifactor Energy ETF | 27,945,942 | 1,207,636 | (890,256 | ) | 317,380 | |||||||||
Multifactor Financials ETF | 42,993,152 | 9,966,494 | (156,419 | ) | 9,810,075 | |||||||||
Multifactor Healthcare ETF | 34,425,179 | 5,367,884 | (1,633,459 | ) | 3,734,425 | |||||||||
Multifactor Industrials ETF | 19,611,598 | 4,647,695 | (473,186 | ) | 4,174,509 | |||||||||
Multifactor Large Cap ETF | 340,306,154 | 57,653,512 | (11,769,781 | ) | 45,883,731 | |||||||||
Multifactor Materials ETF | 18,310,232 | 3,988,477 | (110,168 | ) | 3,878,309 | |||||||||
Multifactor Mid Cap ETF | 238,185,296 | 32,846,161 | (6,593,459 | ) | 26,252,702 | |||||||||
Multifactor Technology ETF | 43,973,881 | 12,531,891 | (223,480 | ) | 12,308,411 | |||||||||
Multifactor Utilities ETF | 18,463,513 | 1,926,313 | (235,169 | ) | 1,691,144 |
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The funds generally declare and pay dividends at least semiannually from net investment income, if any. Capital gain distributions, if any, are typically distributed annually.
Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to redemptions in-kind and investments in passive foreign investment companies.
Note 3 — Derivative instruments
The funds may invest in derivatives in order to meet their investment objectives. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the funds are exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.
Futures are traded on an exchange. Exchange-traded transactions generally present less counterparty risk to a fund than OTC transactions. The exchange stands between a fund and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange. Collateral or margin requirements for exchange-traded derivatives are set by the broker or applicable clearinghouse. Margin for exchange-traded transactions is detailed in the Statements of assets and liabilities as Cash held at broker for futures contracts. Securities pledged by the funds for exchange-traded, if any, are identified in the Funds' Investments.
Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Risks related to the use of futures contracts include possible illiquidity of the futures markets, contract prices that can be highly volatile and imperfectly correlated to movements in the underlying financial instrument and potential losses in excess of the amounts recognized on the Statements of assets and liabilities. Use of long futures contracts subjects a fund to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects a fund to unlimited risk of loss.
Upon entering into a futures contract, a fund is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is generally based on a percentage of the contract value; this amount is the initial margin for the trade. The margin deposit must then be maintained at the established level over the life of the contract. Futures margin receivable / payable is included on the Statements of assets and liabilities. Futures contracts are marked-to-market daily and an appropriate payable or receivable for the change in value (variation margin) and unrealized gain or loss is recorded by the funds. When the contract is closed, the funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
The following table details how the funds used futures contracts during the six months ended October 31, 2017. In addition, the table summarizes the ranges of USD notional values held by the funds:
Fund | Reason | USD notional range |
Multifactor Developed International ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $122,000 |
Multifactor Healthcare ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $249,000 |
Multifactor Large Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | $118,000 to $731,000 |
Multifactor Mid Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | $121,000 to $749,000 |
Fair value of derivative instruments by risk category
The table below summarizes the fair value of derivatives held by the funds at October 31, 2017 by risk category:
Fund | Risk | Statements of assets and liabilities location | Financial instruments location | Asset derivatives fair value | Liability derivatives fair value | ||
Multifactor Large Cap ETF | Equity | Receivable/payable for futures | Futures† | $995 | — |
† Reflects cumulative appreciation/depreciation on futures as disclosed in the Funds' investments. Only the period end variation margin is separately disclosed on the Statements of assets and liabilities.
Effect of derivative instruments on the Statements of operations
The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the six months ended October 31, 2017:
Statements of operations location - net realized gain (loss) on: | ||||||||
Fund | Risk | Futures contracts | ||||||
Multifactor Developed International ETF | Equity | ($605 | ) | |||||
Multifactor Healthcare ETF | Equity | (59 | ) | |||||
Multifactor Large Cap ETF | Equity | 31,882 | ||||||
Multifactor Mid Cap ETF | Equity | 21,478 |
The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the six months ended October 31, 2017:
Statements of operations location - change in unrealized appreciation (depreciation) of: | ||||||||
Fund | Risk | Futures contracts | ||||||
Multifactor Large Cap ETF | Equity | ($190 | ) |
Note 4 — Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the funds. Additionally, in the normal course of business, the funds enter into contracts with service providers that contain general indemnification clauses. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the funds that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 5 — Fees and transactions with affiliates
John Hancock Advisers, LLC (the Advisor) serves as investment advisor for the funds. The Advisor is an indirect, wholly owned subsidiary of Manulife Financial Corporation (MFC).
Management fee. The funds have an investment management agreement with the Advisor under which each fund pays a monthly management fee to the Advisor equivalent on an annual basis as detailed below. The Advisor has a subadvisory agreement with Dimensional Fund Advisors LP. The funds are not responsible for payment of the subadvisory fees.
The management fee structure is as follows:
• | Multifactor Consumer Discretionary ETF, Multifactor Consumer Staples ETF, Multifactor Energy ETF, Multifactor Financials ETF, Multifactor Healthcare ETF, Multifactor Industrials ETF, Multifactor Materials ETF, Multifactor Technology ETF, and Multifactor Utilities ETF — The management fee paid is as follows: a) 0.450% of the first $300 million of the funds' average daily net assets and b) 0.420% of the funds' average daily net assets in excess of $300 million |
• | Multifactor Developed International ETF — 0.450% for all asset levels |
• | Multifactor Large Cap ETF — a) 0.300% of the first $300 million of the fund's average daily net assets and b) 0.280% of the fund's average daily net assets in excess of $300 million |
• | Multifactor Mid Cap ETF — a) 0.400% of the first $300 million of the fund's average daily net assets and b) 0.370% of the fund's average daily net assets in excess of $300 million |
The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the funds (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the six months ended October 31, 2017, this waiver amounted to 0.01% of the funds' average net assets on an annualized basis. This arrangement may be amended or terminated at any time by the Advisor upon notice to the funds and with the approval of the Board of Trustees.
The Advisor has also contractually agreed to reduce its management fee or, if necessary, make a payment to a fund, in an amount equal to the amount by which expenses of the fund exceed the following on an annualized basis:
Fund | Expense limitation as a percentage of average net assets | Fund | Expense limitation as a percentage of average net assets | |
Multifactor Consumer Discretionary ETF | 0.50% | Multifactor Industrials ETF | 0.50% | |
Multifactor Consumer Staples ETF | 0.50% | Multifactor Large Cap ETF | 0.35% | |
Multifactor Developed International ETF | 0.45% | Multifactor Materials ETF | 0.50% | |
Multifactor Energy ETF | 0.50% | Multifactor Mid Cap ETF | 0.45% | |
Multifactor Financials ETF | 0.50% | Multifactor Technology ETF | 0.50% | |
Multifactor Healthcare ETF | 0.50% | Multifactor Utilities ETF | 0.50% |
Expenses means all the expenses of the funds, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the funds' business, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. Each fund's expense limitation expires on August 31, 2018, unless renewed by mutual agreement of the funds and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The expense reductions described above amounted to the following for the six months ended October 31, 2017:
Fund | Expense reduction | Fund | Expense reduction | |
Multifactor Consumer Discretionary ETF | $64,006 | Multifactor Industrials ETF | $55,407 | |
Multifactor Consumer Staples ETF | 55,785 | Multifactor Large Cap ETF | 66,622 | |
Multifactor Developed International ETF | 84,723 | Multifactor Materials ETF | 55,448 | |
Multifactor Energy ETF | 56,097 | Multifactor Mid Cap ETF | 63,159 | |
Multifactor Financials ETF | 63,669 | Multifactor Technology ETF | 63,627 | |
Multifactor Healthcare ETF | 65,298 | Multifactor Utilities ETF | 54,787 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended October 31, 2017 were equivalent to the following net annual effective rates of the funds' average daily net assets:
Fund | Annual effective rate | Fund | Annual effective rate | |
Multifactor Consumer Discretionary ETF | 0.05% | Multifactor Industrials ETF | 0.00% | |
Multifactor Consumer Staples ETF | 0.00% | Multifactor Large Cap ETF | 0.26% | |
Multifactor Developed International ETF | 0.05% | Multifactor Materials ETF | 0.00% | |
Multifactor Energy ETF | 0.00% | Multifactor Mid Cap ETF | 0.34% | |
Multifactor Financials ETF | 0.18% | Multifactor Technology ETF | 0.19% | |
Multifactor Healthcare ETF | 0.07% | Multifactor Utilities ETF | 0.00% |
Accounting and legal services. Pursuant to a service agreement, the funds reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, accounting and recordkeeping services to the funds, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These accounting and legal services fees incurred for the six months ended October 31, 2017 amounted to an annual rate of 0.02% of the funds' average daily net assets.
Trustee expenses. The funds compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the funds based on their net assets relative to other funds within the John Hancock group of funds complex.
Note 6 — Capital share transactions
The funds will issue and redeem shares at NAV only in a large specified number of shares, each called a "creation unit," or multiples thereof, that consist of 50,000 shares. Only authorized participants may engage in creation or redemption transactions directly with the funds. Such transactions generally take place when an authorized participant deposits into a fund a designated portfolio of securities (including any portion of such securities for which cash may be substituted) and a specified amount of cash approximating the holdings of the fund in exchange for a specified number of creation units. Similarly, shares can be redeemed only in creation units, generally for a designated portfolio of securities (including any portion of such securities for which cash may be substituted) held by a fund and a specified amount of cash. For purposes of US GAAP, in-kind redemption transactions are treated as a sale of securities and any resulting gains and losses are recognized based on the market value of the securities on the date of the transfer. Authorized participants pay a transaction fee to the custodian when purchasing and redeeming creation units of the funds. The transaction fee is used to defray the costs associated with the issuance and redemption of creation units. Individual shares of the funds may only be purchased and sold in secondary market transactions through brokers. Secondary market transactions may be subject to brokerage commissions. Shares of the funds are listed and traded on the NYSE Arca, Inc., trade at market prices rather than NAV, and may trade at a price greater than or less than NAV.
Affiliates of the funds or the Advisor owned the following percentage of shares outstanding on October 31, 2017:
Fund | % by Fund |
Multifactor Consumer Discretionary ETF | 73% |
Multifactor Consumer Staples ETF | 66% |
Multifactor Developed International ETF | 55% |
Multifactor Energy ETF | 89% |
Multifactor Financials ETF | 59% |
Multifactor Healthcare ETF | 55% |
Multifactor Industrials ETF | 80% |
Multifactor Materials ETF | 84% |
Multifactor Technology ETF | 60% |
Multifactor Utilities ETF | 82% |
Such concentration of shareholders' capital could have a material effect on a fund if such shareholders redeem from the fund.
Note 7 — Purchase and sale of securities
Purchases and sales of securities, other than in-kind transactions and short-term securities, are aggregated below for the six months ended October 31, 2017. In addition, purchases and sales of in-kind transactions are aggregated below for the six months ended October 31, 2017:
Purchases | Sales | ||||
Fund | In-kind transactions | Other Purchases | In-kind transactions | Other Sales | |
Multifactor Consumer Discretionary ETF | $4,171,238 | $1,398,201 | $1,225,441 | $1,556,736 | |
Multifactor Consumer Staples ETF | 6,447,018 | 1,656,652 | 2,113,259 | 2,114,444 | |
Multifactor Developed International ETF | 22,839,755 | 3,494,103 | 5,300,789 | 4,055,750 | |
Multifactor Energy ETF | 12,245,925 | 1,854,011 | 1,190,130 | 1,847,964 | |
Multifactor Financials ETF | 6,616,681 | 1,530,780 | 1,580,657 | 1,566,724 | |
Multifactor Healthcare ETF | 9,131,849 | 1,362,655 | 4,709,894 | 2,637,010 | |
Multifactor Industrials ETF | 1,592,310 | 290,073 | 1,096,385 | 779,726 | |
Multifactor Large Cap ETF | 57,557,647 | 9,261,277 | 44,408,137 | 9,334,032 | |
Multifactor Materials ETF | 1,606,175 | 1,328,221 | 1,610,853 | 1,297,516 | |
Multifactor Mid Cap ETF | 80,868,140 | 10,840,239 | 9,195,146 | 10,641,553 | |
Multifactor Technology ETF | 13,216,788 | 2,368,622 | 6,653,599 | 3,357,529 | |
Multifactor Utilities ETF | 2,868,482 | 853,005 | 1,131,747 | 1,124,729 |
Note 8 — Investment by affiliated funds
Certain investors in the funds are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the funds for the purpose of exercising management or control; however, this investment may represent a significant portion of the funds' net assets. At October 31, 2017, the following funds had an affiliate ownership of 5% or more of the funds' net assets:
Fund | Affiliated Fund | Affiliated Concentration | ||||||
Multifactor Large Cap ETF | JHVIT Lifestyle Balanced MVP | 24.5% | ||||||
JHVIT Lifestyle Growth MVP | 30.6% | |||||||
Multifactor Mid Cap ETF | JHVIT Lifestyle Balanced MVP | 18.2% |
Fund | Affiliated Fund | Affiliated Concentration | ||||||
JHVIT Lifestyle Growth MVP | 22.7% |
Note 9 — Industry or sector risk
Certain funds generally invest a large percentage of its assets in one or more particular industries or sectors of the economy. If a large percentage of a fund's assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make a fund's NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors. Financial services companies can be hurt by economic declines, changes in interest rates regulatory and market impacts.
CONTINUATION OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS
EVALUATION OF ADVISORY AND SUBADVISORY AGREEMENTS BY THE BOARD OF TRUSTEES
This section describes the evaluation by the Board of Trustees (the "Board") of John Hancock Exchange-Traded Fund Trust (the "Trust") of the Advisory Agreement (the "Advisory Agreement") with John Hancock Advisers, LLC (the "Advisor") and the Subadvisory Agreement (the "Subadvisory Agreement") with Dimensional Fund Advisors LP (the "Subadvisor") with respect to each of the portfolios of the Trust included in this report, with the exception of the John Hancock Multifactor Developed International ETF (the "Funds"). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 19-22, 2017 in-person meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at an in-person meeting held on May 22-24, 2017.
Approval of Advisory and Subadvisory Agreements
At in-person meetings held on June 19-22, 2017, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the "1940 Act") (the "Independent Trustees"), reapproved for an annual period, the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to each of the Funds identified in Appendix A.
In considering the Advisory Agreement and the Subadvisory Agreement with respect to each Fund, the Board received in advance of the meetings a variety of materials relating to each Fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for peer groups of similar funds prepared by an independent third-party provider of fund data; performance information for the Funds' benchmark indices; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable; and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor's revenues and costs of providing services to the Funds and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning Fund performance, comparability of fees and total expenses, and profitability. However, the Board notes that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the Funds, including quarterly performance reports prepared by management containing reviews of investment results, and prior presentations from the Subadvisor with respect to the Funds they manage. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality and extent of the non-advisory services, if any, to be provided to the Funds by the Advisor and/or its affiliates, including administrative services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the Funds. In addition, although the Board approved the renewal of the Agreements for all the Funds at the June meeting, the Board considered each Fund separately.
Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.
Approval of Advisory Agreement
In approving the Advisory Agreement with respect to each Fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board's conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of Fund performance and operations throughout the year.
Nature, Extent and Quality of Services. Among the information received by the Board from the Advisor relating to the nature, extent and quality of services provided to the Funds, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor's compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust's Chief Compliance Officer ("CCO") regarding the Funds' compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund's compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the Funds, including but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers, including the Funds' distributor. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the Funds including entrepreneurial risk in sponsoring new Funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all Funds.
In considering the nature, extent and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor's management and the quality of the performance of the Advisor's duties, through Board meetings, discussions and reports during the preceding year and through each Trustee's experience as a Trustee of the Trust and of the other trusts in the complex.
In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:
(a) | the skills and competency with which the Advisor has in the past managed the Trust's affairs and its subadvisory relationships, the Advisor's oversight and monitoring of the Subadvisor's investment performance and compliance programs, such as the Subadvisor's compliance with fund policies and objectives, review of brokerage matters including with respect to trade allocation and best execution, and the Advisor's timeliness in responding to performance issues; | |
(b) | the background, qualifications and skills of the Advisor's personnel; | |
(c) | the Advisor's compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; | |
(d) | the Advisor's administrative capabilities, including its ability to supervise the other service providers for the Funds; | |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the Funds; | |
(f) | the Advisor's initiatives intended to improve various aspects of the Trust's operations and investor experience with the Funds; and | |
(g) | the Advisor's reputation and experience in serving as an investment adviser to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the Funds.
Investment Performance. In considering each Fund's performance, the Board noted that it reviews at its regularly scheduled meetings information about the Funds' performance results. In connection with the consideration of the Advisory Agreement, the Board:
(a) | reviewed information prepared by management regarding the Funds' performance; | |
(b) | considered the comparative performance of each Fund's respective benchmark; | |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and | |
(d) | took into account the Advisor's analysis of each Fund's performance and its plans and recommendations regarding the Trust's subadvisory arrangements generally and with respect to particular Funds. |
The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and that the results of the performance comparisons may vary depending on the selection of the peer group. The Board also noted the relatively short performance history of each Fund. The Board reviewed Fund performance against each Fund's respective benchmark and also concluded that the performance of each of the Funds has generally been in line with or generally outperformed the historical performance of comparable funds and/or each Fund's respective benchmark, with certain exceptions noted in Appendix A. In such cases, the Board concluded that such performance is being monitored and reasonably addressed, where appropriate.
Fees and Expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data including, among other data, each Fund's contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the Fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered each Fund's ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the Fund's ranking within broader groups of funds. In comparing each Fund's contractual and net management fees to that of comparable funds, the Board noted that such fees include both advisory and administrative costs.
The Board took into account management's discussion with respect to the overall management fee, the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fees of the Funds, and that such fees are negotiated at arm's length with respect to the Subadvisor. The Board also took into account that management had agreed to implement an overall fee waiver across the complex, which is discussed further below. The Board also noted management's discussion of the Funds' expenses, as well as any actions taken over the past several years to reduce the Funds' operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to each Fund and that each Fund has breakpoints in its contractual management fee schedule that reduces management fees as assets increase. The Board reviewed information provided by the Advisor concerning investment advisory fees charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the complex) having similar investment mandates, if any. The Board considered any differences between the Advisor's and the Subadvisor's services to a Fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to each of the Funds is reasonable in light of the nature, extent and quality of the services provided to the Funds under the Advisory Agreement.
Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor's relationship with the Trust, the Board:
(a) | reviewed financial information of the Advisor; | |||||||
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates, of each Fund; | |||||||
(c) | received and reviewed profitability information with respect to the John Hancock fund complex as a whole and with respect to each Fund; |
(d) | received information with respect to the Advisor's allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor's allocation methodologies; | |||||||
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain Funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability analysis reviewed by the Board; | |||||||
(f) | considered that the Advisor also provides administrative services to the Funds on a cost basis pursuant to an administrative services agreement; | |||||||
(g) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the Funds; | |||||||
(h) | noted that the subadvisory fees for the Funds are paid by the Advisor and are negotiated at arm's length; | |||||||
(i) | considered the Advisor's ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and | |||||||
(j) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to each Fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with each Fund was reasonable and not excessive.
Economies of Scale. In considering the extent to which a Fund may realize any economies of scale and whether fee levels reflect these economies of scale for the benefit of Fund shareholders, the Board:
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the Funds (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; | |
(b) | reviewed the Trust's advisory fee structure and concluded that: (i) the Funds' fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the Funds; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the Funds to benefit from economies of scale if the Funds grow. The Board also took into account management's discussion of the Funds' advisory fee structure; and | |
(c) | considered the effect of the Funds' growth in size on their performance and fees. The Board also noted that if the Funds' assets increase over time, the Funds may realize other economies of scale. |
Approval of Subadvisory Agreement
In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:
(1) | information relating to the Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock family of funds); | |
(2) | the historical and current performance of each Fund and comparative performance information relating to the Fund's benchmark and comparable funds; | |
(3) | the subadvisory fee for each Fund, and comparative fee information, where available, prepared by an independent third party provider of fund data; and | |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust's Advisor and Subadvisor. |
Nature, Extent and Quality of Services. With respect to the services provided by the Subadvisor with respect to each Fund, the Board received information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor's current level of staffing and its overall resources, as well as received information relating to the Subadvisor's compensation program. The Board reviewed the Subadvisor's history and investment experience, as well as information regarding the qualifications, background and responsibilities of the Subadvisor's investment and compliance personnel who provide services to the Funds. The Board also considered, among other things, the Subadvisor's compliance program and any disciplinary history. The Board also considered the Subadvisor's risk assessment and monitoring process. The Board reviewed the Subadvisor's regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed by them to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.
The Board considered the Subadvisor's investment process and philosophy. The Board took into account that the Subadvisor's responsibilities include the development and maintenance of an investment program for the applicable Fund that is consistent with the Fund's investment objective, the selection of investment securities and
the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor's brokerage policies and practices, including with respect to best execution and soft dollars.
Subadvisor Compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the Fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the Funds.
The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm's length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board's consideration of the Subadvisory Agreement.
The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.
In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor's relationship with the Funds, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.
Subadvisory Fees. The Board considered that the Fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays subadvisory fees to the Subadvisor. As noted above, the Board also considered each Fund's subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the Funds as included in the report prepared by the independent third party provider of fund data, to the extent applicable. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the Funds to fees charged by each Fund's Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.
Subadvisor Performance. As noted above, the Board considered each Fund's performance as compared to the Fund's respective peer group and the benchmark index and noted that the Board reviews information about the Fund's performance results at its regularly scheduled meetings. The Board noted the Advisor's expertise and resources in monitoring the performance, investment style, and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor's focus on the Subadvisor's performance. The Board also noted the Subadvisor's long-term performance record for similar accounts, as applicable.
The Board's decision to approve the Subadvisory Agreement with respect to each Fund was based on a number of determinations, including the following:
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; | |
(2) | although not without variation, the performance of each Fund has generally been in line with or generally outperformed the historical performance of comparable funds and/or each Fund's respective benchmark, with the exceptions noted in Appendix A; | |
(3) | the subadvisory fees are reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and | |
(4) | the subadvisory fees are paid by the Advisor and not the Funds and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
Additional information relating to each Fund's fees and expenses and performance that the Board considered in approving the Advisory Agreement and Subadvisory Agreement for a particular Fund is set forth in Appendix A.
* * *
Based on the Board's evaluation of all factors that the Board deemed to be material, including those factors described above, and assisted by the advice of independent legal counsel, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement with respect to each Fund would be in the best interest of each of the respective Funds and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement with respect to each Fund for an additional one-year period.
APPENDIX A
Portfolio (subadvisors) | Performance of fund, as of 12.31.2016 | Fees and expenses | Comments | ||||||||
Multifactor Consumer Discretionary ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and underperformed the average for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are lower than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the peer group for the one-year period and since September 30, 2015. | ||||||||
Multifactor Consumer Staples ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the period since March 31, 2016. Lipper Category - The fund underperformed the average for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are lower than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index since March 31, 2016. | ||||||||
Multifactor Energy ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the period since March 31, 2016. Lipper Category - The fund underperformed the average for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index since March 31, 2016. | ||||||||
Multifactor Financials ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund underperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index for the one-year period and since September 30, 2015. | ||||||||
Multifactor Health Care ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are lower than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index and the peer group for the one-year period and since September 30, 2015. | ||||||||
Multifactor Industrials ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the period since March 31, 2016. Lipper Category - The fund outperformed the average for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the peer group since March 31, 2016. |
Portfolio (subadvisors) | Performance of fund, as of 12.31.2016 | Fees and expenses | Comments | ||||||||
Multifactor Large Cap ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and underperformed for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index for the one-year period and to the peer group for the one-year period and since September 30, 2015. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Mid Cap ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and performed equal to the benchmark index for the period since September 30, 2015. Lipper Category - The fund underperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index for the one-year period. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Materials ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the period since March 31, 2016. Lipper Category - The fund underperformed the average for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index since March 31, 2016. | ||||||||
Multifactor Technology ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are lower than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index and the peer group for the one-year period and since September 30, 2015. | ||||||||
Multifactor Utilities ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the period since March 31, 2016. Lipper Category - The fund underperformed the average for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are lower than the peer group median. | The Board took into account management's discussion of the fund's performance. |
Trustees Hassell H. McClellan, Chairperson Officers Andrew G. Arnott John J. Danello Francis V. Knox, Jr. Charles A. Rizzo Salvatore Schiavone | Investment advisor John Hancock Advisers, LLC Subadvisor Dimensional Fund Advisors LP Principal distributor Foreside Fund Services, LLC Custodian State Street Bank and Trust Company Transfer agent State Street Bank and Trust Company Legal counsel Dechert LLP |
*Member of the Audit Committee
†Non-Independent Trustee
#Effective 6-20-17
The fund's proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
The fund's complete list of portfolio holdings, for the first and third fiscal quarters, is filed with the SEC on Form N-Q. The fund's Form N-Q is available on our website and the SEC's website, sec.gov, and can be reviewed and copied (for a fee) at the SEC's Public Reference Room in Washington, DC. Call 800-SEC-0330 to receive information on the operation of the SEC's Public Reference Room.
We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.
You can also contact us: | |||
800-225-5291 jhinvestments.com | Regular mail: John Hancock Signature Services, Inc. | Express mail: John Hancock Signature Services, Inc. |
John Hancock family of funds
DOMESTIC EQUITY FUNDS Balanced Blue Chip Growth Classic Value Disciplined Value Disciplined Value Mid Cap Equity Income Fundamental All Cap Core Fundamental Large Cap Core Fundamental Large Cap Value New Opportunities Small Cap Core Small Cap Value Small Company Strategic Growth U.S. Global Leaders Growth U.S. Growth Value Equity GLOBAL AND INTERNATIONAL EQUITY FUNDS Disciplined Value International Emerging Markets Emerging Markets Equity Fundamental Global Franchise Global Equity Global Shareholder Yield Greater China Opportunities International Growth International Small Company International Value Equity | INCOME FUNDS Bond California Tax-Free Income Emerging Markets Debt Floating Rate Income Global Income Government Income High Yield High Yield Municipal Bond Income Investment Grade Bond Money Market Short Duration Credit Opportunities Spectrum Income Strategic Income Opportunities Tax-Free Bond ALTERNATIVE AND SPECIALTY FUNDS Absolute Return Currency Alternative Asset Allocation Enduring Assets Financial Industries Global Absolute Return Strategies Global Conservative Absolute Return Global Focused Strategies Natural Resources Redwood Regional Bank Seaport Technical Opportunities |
ASSET ALLOCATION Income Allocation Fund Multi-Index Lifetime Portfolios Multi-Index Preservation Portfolios Multimanager Lifestyle Portfolios Multimanager Lifetime Portfolios EXCHANGE-TRADED FUNDS John Hancock Multifactor Consumer Discretionary ETF John Hancock Multifactor Consumer Staples ETF John Hancock Multifactor Developed International ETF John Hancock Multifactor Energy ETF John Hancock Multifactor Financials ETF John Hancock Multifactor Healthcare ETF John Hancock Multifactor Industrials ETF John Hancock Multifactor Large Cap ETF John Hancock Multifactor Materials ETF John Hancock Multifactor Mid Cap ETF John Hancock Multifactor Small Cap ETF John Hancock Multifactor Technology ETF John Hancock Multifactor Utilities ETF | ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS ESG All Cap Core ESG Core Bond ESG International Equity ESG Large Cap Core CLOSED-END FUNDS Financial Opportunities Hedged Equity & Income Income Securities Trust Investors Trust Preferred Income Preferred Income II Preferred Income III Premium Dividend Tax-Advantaged Dividend Income Tax-Advantaged Global Shareholder Yield |
John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by Foreside Fund Services, LLC (Foreside), and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Funds, LLC or Dimensional Fund Advisors LP. Mutual funds and certain closed-end funds are distributed by John Hancock Funds, LLC. Member FINRA/SIPC.
Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in the John Hancock Multifactor ETFs (Multifactor ETFs). Neither John Hancock Advisers, LLC nor Dimensional Fund Advisors LP guarantees the accuracy and/or the completeness of the John Hancock Dimensional Indexes (the "Indexes") or any data included therein, and neither John Hancock Advisers, LLC nor Dimensional Fund Advisors LP shall have any liability for any errors, omissions, or interruptions therein. Neither John Hancock Advisers, LLC nor Dimensional Fund Advisors LP makes any warranty, express or implied, as to results to be obtained by the Multifactor ETFs, owners of the shares of the Multifactor ETFs or any other person or entity from the use of the Indexes, trading based on the Indexes, or any data included therein, either in connection with the Multifactor ETFs or for any other use. Neither John Hancock Advisers, LLC nor Dimensional Fund Advisors LP makes any express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Indexes or any data included therein. Without limiting any of the foregoing, in no event shall either John Hancock Advisers, LLC or Dimensional Fund Advisors LP have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) arising out of matters relating to the use of the Indexes, even if notified of the possibility of such damages.
John Hancock Investments
A trusted brand
John Hancock Investments is a premier asset manager representing one of
America's most trusted brands, with a heritage of financial stewardship dating
back to 1862. Helping our shareholders pursue their financial goals is at the
core of everything we do. It's why we support the role of professional financial
advice and operate with the highest standards of conduct and integrity.
A better way to invest
We serve investors globally through a unique multimanager approach: We
search the world to find proven portfolio teams with specialized expertise for
every strategy we offer, then we apply robust investment oversight to ensure
they continue to meet our uncompromising standards and serve the best
interests of our shareholders.
Results for investors
Our unique approach to asset management enables us to provide a diverse
set of investments backed by some of the world's best managers, along with
strong risk-adjusted returns across asset classes.
| John Hancock Investments n 601 Congress Street n Boston, MA 02210 This report is for the information of the shareholders of John Hancock Multifactor ETFs. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus. | |
JHAN-2017 1218-0026 | ETFSA 10/17 12/17 |
ITEM 2. CODE OF ETHICS.
Not applicable at this time.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable at this time.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable at this time.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable at this time.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Not applicable.
(b) Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached “John Hancock Funds – Nominating and Governance Committee Charter.”
ITEM 11. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal half-year (the registrant's second fiscal half-year in the case of an annual report) that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. EXHIBITS.
(a)(1) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
(b)(1) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.
(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached “John Hancock Funds – Nominating and Governance Committee Charter”.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Exchange-Traded Fund Trust
By: | /s/ Andrew Arnott | |
Andrew Arnott | ||
President | ||
Date: | December 19, 2017 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott | |
Andrew Arnott | ||
President | ||
Date: | December 19, 2017 | |
By: | /s/ Charles A. Rizzo | |
Charles A. Rizzo | ||
Chief Financial Officer | ||
Date: | December 19, 2017 |