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: | April 30, 2018 |
ITEM 1. REPORTS TO STOCKHOLDERS.
John Hancock
Multifactor ETFs
Annual report 4/30/18
A message to shareholders
Dear shareholder,
After an extended period of relative calm in equity markets around the world dating to early 2017, volatility returned in a meaningful way in the last several months of the reporting period. U.S. and developed market stocks declined as investors reacted to a potential trade war between the United States and China and the prospect of rising inflation. However, emerging markets advanced overall thanks to a weaker U.S. dollar and continued economic improvement. Although some in the asset management community believe the sell-off will be temporary, we have suggested for some time that the era of extremely low volatility would eventually come to an end, and that now appears to be the case.
Ultimately, the asset prices of stocks are underpinned by fundamentals, and the good news is that those continue to appear supportive. Unemployment remained close to historic lows, consumer confidence rose, and the housing market continued to notch steady gains. One moderating factor was the U.S. Federal Reserve's steady tightening of monetary policy. While higher interest rates alone may not cause the economy to pull back, markets will be closely attuned to any sign of policymakers quickening the pace of interest-rate increases in the year ahead.
Your best resource in unpredictable markets is your financial advisor, who can help position your portfolio so that it's sufficiently diversified to meet your long-term objectives and to withstand the inevitable turbulence along the way.
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 CEO,
John Hancock Investments
Head of Wealth and Asset Management,
United States and Europe
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 a profit or eliminate the risk of a loss. It is not possible to invest directly into an index. 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 | |
24 | Your expenses | |
26 | Funds' investments | |
70 | Financial statements | |
81 | Financial highlights | |
88 | Notes to financial statements | |
98 | Report of independent registered public accounting firm | |
99 | Tax information | |
100 | Evaluation of advisory and subadvisory agreements by the Board of Trustees | |
104 | Trustees and officers | |
108 | 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 an 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 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 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 index are updated, as well as any unscheduled changes to the index driven by company events. Reconstitution ensures that the indexes that the funds 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 12-month period ended April 30, 2018, particularly in terms of the dimensions of expected returns that you've identified?
In the United States, the market had positive performance for the one-year period but trailed both developed ex-U.S. and emerging markets. The Russell 3000 Index returned 13.05%, as compared to 14.79% for the MSCI World ex USA Investable Market Index (IMI) and 21.11% for the MSCI Emerging Markets IMI, both net of 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 one-year period. Mid caps, as measured by the Russell Midcap Index, underperformed both large caps and small 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. Mid-cap value stocks, as measured by the Russell Midcap Value Index, underperformed mid-cap growth stocks, as measured by the Russell Midcap Growth Index. Profitability premiums were mixed in the U.S. market for the period. Higher-profitability stocks outperformed among large caps but underperformed among small caps.
In U.S. dollar terms, markets in Europe, Australasia, and the Far East (EAFE markets) had positive performance for the one-year period, outperforming the U.S. market but trailing emerging markets. The MSCI EAFE IMI returned 15.31%, net of dividends.
Along the market-capitalization dimension, small caps in the EAFE markets outperformed large caps for the one-year period. Mid caps outperformed large caps but underperformed small caps. Along the relative price dimension, large-cap value stocks underperformed large-cap growth stocks, and small-cap value stocks underperformed small-cap growth stocks. Profitability premiums were positive in EAFE markets for the period. Higher-profitability stocks outperformed among both large and 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 smaller 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 had a negative impact on relative performance, as value stocks generally underperformed high relative price (growth) stocks. Conversely, the fund's greater emphasis on stocks with higher profitability benefited relative performance, as higher-profitability stocks outperformed among large caps.
Compared with the Russell 1000 Consumer Discretionary Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposures were to hotels, restaurants and leisure, 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 General Motors Company and The TJX Companies, Inc. and decreased weights in Amazon.com, Inc. and Comcast Corp.
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 large caps in the broad U.S. market, mid caps outperformed in the consumer staples sector. Consequently, the fund's greater emphasis on stocks with relatively smaller total market capitalizations contributed positively to relative performance. Constituency differences between the fund and the Russell 1000 Consumer Staples Index also benefited relative performance. Conversely, the fund's greater emphasis on low relative price (value) stocks detracted from relative performance, as value stocks underperformed high relative price (growth) stocks for the period.
Compared with the Russell 1000 Consumer Staples Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposures were to
food and staples retailing and food products. 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 General Mills, Inc. and decreased weights in Monster Beverage Corp. and Sysco Corp.
JOHN HANCOCK MULTIFACTOR DEVELOPED INTERNATIONAL ETF (JHMD)
On a NAV basis, the fund outperformed the MSCI EAFE Index, 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 stocks with relatively smaller total market capitalizations contributed positively to relative performance, as mid caps outperformed large caps in developed ex-U.S. markets for the period.
Compared with the MSCI EAFE Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest sector exposures were to financials, industrials, and consumer discretionary. 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 BP 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 outperformed 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 stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks outperformed among large caps for the period. Additionally, the fund's greater emphasis on low relative price (value) stocks had a positive impact on relative performance, as value stocks outperformed high relative price (growth) stocks in the energy sector. Issuer capping also benefited the fund's relative performance.
Compared with the Russell 1000 Energy Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. 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 Occidental Petroleum Corp. and Halliburton Company and decreased weights in Marathon Petroleum Corp. and Phillips 66.
JOHN HANCOCK MULTIFACTOR FINANCIALS ETF (JHMF)
On a NAV basis, the fund outperformed 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 higher profitability contributed positively to relative performance, as higher-profitability stocks outperformed among large caps for the period. The fund's general exclusion of real estate investment trusts (REITs) also had a positive impact on relative performance, as REITs underperformed the overall benchmark. Conversely, the fund's greater emphasis on stocks with relatively lower total market capitalizations detracted from relative performance, as mid caps underperformed large caps.
Compared with the Russell 1000 Financial Services Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. 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 Wells Fargo & Company and Discover Financial Services and decreased weights in CBRE Group (sold during the period) 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. The fund's greater emphasis on stocks with relatively smaller total market capitalizations
detracted from relative performance, as mid caps underperformed large caps for the period. Conversely, the fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks outperformed among large caps.
Compared with the Russell 1000 Healthcare Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposures were to healthcare providers and services, and pharmaceuticals. 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 Humana, Inc. and decreased weights in UnitedHealth Group, Inc. and Aetna, Inc.
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 stocks with relatively smaller total market capitalizations contributed positively to relative performance. The fund's greater emphasis on stocks with higher profitability also had a positive impact on relative performance, as higher-profitability stocks outperformed among large caps. Conversely, with low relative price (value) stocks 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 stocks with lower relative prices, smaller market capitalizations, and higher profitability. 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 Worldpay, Inc. and American Airlines Group, Inc. and decreased weights in Fiserv, Inc. and Northrop Grumman Corp.
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 relatively smaller total market capitalizations detracted from relative performance, as mid caps underperformed large caps for the period. With low relative price (value) stocks underperforming high relative price (growth) stocks, the fund's greater emphasis on value stocks also detracted from relative performance. Conversely, the fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks outperformed among large caps.
Compared with the Russell 1000 Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. The fund's largest absolute exposures were to the information technology, financials, 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 Facebook, Inc. and Synchrony Financial and decreased weights in DowDuPont, Inc. and Fiserv, Inc.
JOHN HANCOCK MULTIFACTOR MATERIALS ETF (JHMA)
On a NAV basis, the fund outperformed the Russell 1000 Materials & Processing Index, a cap-weighted benchmark we use as a proxy for the materials sector of the U.S. stock market. While mid caps generally underperformed in the broad U.S. market, mid caps outperformed in the materials sector. Consequently, the fund's greater emphasis on stocks with relatively smaller total market capitalizations contributed positively to relative performance. The fund's greater emphasis on stocks with higher profitability also contributed positively to relative performance, as higher-profitability stocks outperformed among large caps.
Compared with the Russell 1000 Materials & Processing Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposure was to chemicals. 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 International Paper Company.
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 in the mid cap portion of the market. This approach also maintains greater 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 higher-profitability stocks generally outperformed lower-profitability stocks. The fund's greater emphasis on mid caps with smaller market capitalizations contributed positively to relative performance, as those stocks outperformed larger mid caps for the period. Conversely, the fund's greater emphasis on low relative price (value) stocks detracted from relative performance, as value stocks underperformed high relative price (growth) stocks.
Compared with the Russell Midcap Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and 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 KLA-Tencor Corp. and Macy's, Inc. and decreased weights in Lam Research Corp. and Fiserv, Inc. (both of which were closed during the period).
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. The fund's greater emphasis on low relative price (value) stocks detracted from relative performance, as value stocks underperformed high relative price (growth) for the period. Conversely, while mid caps generally underperformed in the broad U.S. market, mid caps outperformed in the technology sector. Consequently, the fund's greater emphasis on stocks with relatively smaller total market capitalizations contributed positively to relative performance. Issuer capping also had a positive impact on relative performance.
Compared with the Russell Technology Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, its largest industry exposure was to software. 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 KLA-Tencor Corp. and Broadcom, Inc. and decreased weights in Lam Research Corp. and Microsoft Corp.
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. 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 telecommunications 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. While mid caps generally underperformed in the broad U.S. market, mid caps outperformed in the utilities sector. Consequently, the fund's greater emphasis on stocks with relatively smaller total
market capitalizations contributed positively to relative performance. Conversely, the fund's greater emphasis on low relative price (value) stocks detracted from relative performance, as value stocks underperformed high relative price (growth) stocks for the period.
Compared with the Russell 1000 Utilities Index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposure was to electric utilities. 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 ONEOK, Inc. and Vistra Energy Corp and decreased weights in PPL Corp. and Dominion Energy, Inc.
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 funds since inception Investing since 2003 | |
Joel P. Schneider On the funds 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 | Since fund inception1 | |||
Net asset value | 10.37 | 9.49 | 26.49 | ||
Market price | 10.10 | 9.50 | 26.52 | ||
John Hancock Dimensional Consumer Discretionary Index2 | 10.86 | 10.02 | 28.07 | ||
Russell 1000 Consumer Discretionary Index3 | 16.01 | 14.59 | 42.32 |
INDUSTRY COMPOSITION (%)
Hotels, restaurants and leisure | 18.3 |
Specialty retail | 18.2 |
Media | 17.0 |
Internet and direct marketing retail | 11.1 |
Textiles, apparel and luxury goods | 7.1 |
Multiline retail | 7.0 |
Household durables | 5.8 |
Auto components | 5.7 |
Automobiles | 4.6 |
Diversified consumer services | 1.8 |
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. | 6.3 |
The Home Depot, Inc. | 4.0 |
Comcast Corp., Class A | 3.3 |
The Walt Disney Company | 2.8 |
McDonald's Corp. | 2.0 |
The TJX Companies, Inc. | 1.9 |
General Motors Company | 1.9 |
Dollar General Corp. | 1.8 |
Starbucks Corp. | 1.8 |
NIKE, Inc., Class B | 1.8 |
TOTAL | 27.6 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,652.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 | Since fund inception1 | |||
Net asset value | -2.67 | 2.13 | 4.50 | ||
Market price | -2.65 | 2.14 | 4.54 | ||
John Hancock Dimensional Consumer Staples Index2 | -2.18 | 2.62 | 5.56 | ||
Russell 1000 Consumer Staples Index3 | -9.49 | -0.86 | -1.79 |
INDUSTRY COMPOSITION (%)
Food products | 28.6 |
Food and staples retailing | 24.0 |
Beverages | 22.4 |
Household products | 12.5 |
Tobacco | 8.7 |
Personal products | 3.7 |
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 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 (%)
The Coca-Cola Company | 6.3 |
Walmart, Inc. | 6.2 |
PepsiCo, Inc. | 5.8 |
The Procter & Gamble Company | 4.9 |
Altria Group, Inc. | 4.7 |
Costco Wholesale Corp. | 4.4 |
Philip Morris International, Inc. | 4.0 |
The Kroger Company | 3.9 |
General Mills, Inc. | 3.6 |
CVS Health Corp. | 3.4 |
TOTAL | 47.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $10,454.
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 classified 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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 (%) | ||||
1 year | Since fund inception1 | Since fund inception1 | |||
Net asset value | 15.64 | 18.09 | 25.69 | ||
Market price | 14.75 | 18.11 | 25.72 | ||
John Hancock Dimensional Developed International Index2 | 16.52 | 19.07 | 27.13 | ||
MSCI EAFE (Gross) Index3 | 15.07 | 18.31 | 26.01 |
SECTOR COMPOSITION (%)
Financials | 19.2 |
Industrials | 16.7 |
Consumer discretionary | 14.4 |
Materials | 10.3 |
Consumer staples | 8.3 |
Health care | 7.4 |
Energy | 5.1 |
Information technology | 4.9 |
Telecommunication services | 4.8 |
Utilities | 4.3 |
Other | 4.6 |
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 (%)
BP PLC | 1.1 |
Nestle SA | 1.0 |
HSBC Holdings PLC | 0.9 |
Toyota Motor Corp. | 0.8 |
Novartis AG | 0.8 |
TOTAL SA | 0.7 |
Daimler AG | 0.7 |
Nippon Telegraph & Telephone Corp. | 0.7 |
Royal Dutch Shell PLC, A Shares | 0.7 |
Roche Holding AG | 0.7 |
TOTAL | 8.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,572.
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 stocks in developed markets outside of the United States and Canada. 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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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
INDUSTRY COMPOSITION (%)
Oil, gas and consumable fuels | 84.1 |
Energy equipment and services | 13.5 |
Electric utilities | 1.5 |
Semiconductors and semiconductor equipment | 0.8 |
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 (%)
Chevron Corp. | 5.9 |
Exxon Mobil Corp. | 5.4 |
Occidental Petroleum Corp. | 4.8 |
Andeavor | 4.7 |
Valero Energy Corp. | 4.6 |
Halliburton Company | 4.1 |
Pioneer Natural Resources Company | 3.7 |
Concho Resources, Inc. | 3.3 |
EOG Resources, Inc. | 3.2 |
Kinder Morgan, Inc. | 3.2 |
TOTAL | 42.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,934.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 | Since fund inception1 | |||
Net asset value | 18.33 | 17.35 | 51.40 | ||
Market price | 18.42 | 17.38 | 51.50 | ||
John Hancock Dimensional Financials Index2 | 18.95 | 17.93 | 53.34 | ||
Russell 1000 Financial Services Index3 | 17.03 | 16.35 | 48.05 |
INDUSTRY COMPOSITION (%)
Banks | 34.3 |
Insurance | 23.2 |
Capital markets | 21.6 |
Consumer finance | 6.8 |
IT services | 6.7 |
Diversified financial services | 4.7 |
Professional services | 1.2 |
Thrifts and mortgage finance | 0.8 |
Media | 0.5 |
Internet software and services | 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 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 (%)
JPMorgan Chase & Co. | 3.9 |
Berkshire Hathaway, Inc., Class B | 3.8 |
Bank of America Corp. | 3.8 |
Wells Fargo & Company | 3.6 |
Visa, Inc., Class A | 3.5 |
Citigroup, Inc. | 3.1 |
Mastercard, Inc., Class A | 2.6 |
The Goldman Sachs Group, Inc. | 1.6 |
Capital One Financial Corp. | 1.5 |
Fifth Third Bancorp | 1.5 |
TOTAL | 28.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $15,150.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 | Since fund inception1 | |||
Net asset value | 10.04 | 9.68 | 27.05 | ||
Market price | 9.90 | 9.70 | 27.12 | ||
John Hancock Dimensional Healthcare Index2 | 10.61 | 10.21 | 28.64 | ||
Russell 1000 Health Care Index3 | 10.73 | 9.88 | 27.64 |
INDUSTRY COMPOSITION (%)
Health care providers and services | 28.4 |
Pharmaceuticals | 23.3 |
Health care equipment and supplies | 22.9 |
Biotechnology | 19.6 |
Life sciences tools and services | 5.8 |
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 | 5.9 |
UnitedHealth Group, Inc. | 5.3 |
Pfizer, Inc. | 5.2 |
Amgen, Inc. | 3.6 |
Merck & Company, Inc. | 3.2 |
AbbVie, Inc. | 3.2 |
Gilead Sciences, Inc. | 2.7 |
Medtronic PLC | 2.3 |
Express Scripts Holding Company | 2.2 |
Cardinal Health, Inc. | 2.1 |
TOTAL | 35.7 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,712.
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 is designed to comprise 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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 | Since fund inception1 | |||
Net asset value | 12.04 | 16.45 | 37.54 | ||
Market price | 12.24 | 16.47 | 37.59 | ||
John Hancock Dimensional Industrials Index2 | 12.62 | 17.04 | 39.00 | ||
Russell 1000 Producer Durables Index3 | 10.72 | 15.54 | 35.30 |
INDUSTRY COMPOSITION (%)
Machinery | 16.7 |
Aerospace and defense | 13.8 |
IT services | 12.1 |
Road and rail | 6.7 |
Industrial conglomerates | 6.3 |
Electronic equipment, instruments and components | 5.8 |
Airlines | 5.4 |
Electrical equipment | 4.4 |
Air freight and logistics | 4.1 |
Containers and packaging | 4.1 |
Other | 20.6 |
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 (%)
The Boeing Company | 2.5 |
Union Pacific Corp. | 1.9 |
3M Company | 1.7 |
General Electric Company | 1.6 |
Honeywell International, Inc. | 1.6 |
United Technologies Corp. | 1.5 |
Accenture PLC, Class A | 1.4 |
Caterpillar, Inc. | 1.4 |
United Continental Holdings, Inc. | 1.3 |
CSX Corp. | 1.3 |
TOTAL | 16.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,759.
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 is designed to comprise 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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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
SECTOR COMPOSITION (%)
Information technology | 21.7 |
Financials | 15.2 |
Consumer discretionary | 13.4 |
Industrials | 12.6 |
Health care | 12.3 |
Consumer staples | 6.5 |
Energy | 5.6 |
Utilities | 4.2 |
Materials | 4.0 |
Real estate | 3.2 |
Telecommunication services | 1.3 |
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. | 2.7 |
Microsoft Corp. | 1.8 |
Amazon.com, Inc. | 1.4 |
Alphabet, Inc., Class A | 1.3 |
JPMorgan Chase & Co. | 1.1 |
Exxon Mobil Corp. | 1.0 |
Berkshire Hathaway, Inc., Class B | 1.0 |
Johnson & Johnson | 0.9 |
Intel Corp. | 0.9 |
Facebook, Inc., Class A | 0.8 |
TOTAL | 12.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $14,268.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 | Since fund inception1 | |||
Net asset value | 11.62 | 17.16 | 39.31 | ||
Market price | 11.39 | 17.18 | 39.35 | ||
John Hancock Dimensional Materials Index2 | 12.10 | 17.70 | 40.66 | ||
Russell 1000 Materials and Processing Index3 | 9.15 | 14.95 | 33.85 |
INDUSTRY COMPOSITION (%)
Chemicals | 64.2 |
Metals and mining | 25.1 |
Containers and packaging | 6.7 |
Aerospace and defense | 1.7 |
Oil, gas and consumable fuels | 0.8 |
Semiconductors and semiconductor equipment | 0.8 |
Trading companies and distributors | 0.7 |
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 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. | 5.5 |
PPG Industries, Inc. | 5.4 |
Monsanto Company | 5.3 |
Nucor Corp. | 5.2 |
Freeport-McMoRan, Inc. | 5.1 |
International Paper Company | 4.7 |
Praxair, Inc. | 4.7 |
Newmont Mining Corp. | 4.7 |
LyondellBasell Industries NV, Class A | 4.6 |
Eastman Chemical Company | 4.0 |
TOTAL | 49.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,935.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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
SECTOR COMPOSITION (%)
Information technology | 18.3 |
Industrials | 16.8 |
Financials | 16.2 |
Consumer discretionary | 13.2 |
Health care | 9.9 |
Materials | 6.5 |
Real estate | 5.6 |
Utilities | 5.5 |
Energy | 4.1 |
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 (%)
Fifth Third Bancorp | 0.5 |
Western Digital Corp. | 0.5 |
NetApp, Inc. | 0.4 |
Amphenol Corp., Class A | 0.4 |
United Continental Holdings, Inc. | 0.4 |
Regions Financial Corp. | 0.4 |
Centene Corp. | 0.4 |
Parker-Hannifin Corp. | 0.4 |
Harris Corp. | 0.4 |
Edwards Lifesciences Corp. | 0.4 |
TOTAL | 4.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,962.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 | Since fund inception1 | |||
Net asset value | 23.02 | 24.32 | 75.79 | ||
Market price | 23.02 | 24.33 | 75.84 | ||
John Hancock Dimensional Technology Index2 | 23.64 | 24.85 | 77.77 | ||
Russell 1000 Technology Index3 | 23.31 | 24.39 | 76.08 |
INDUSTRY COMPOSITION (%)
Software | 27.5 |
Semiconductors and semiconductor equipment | 24.7 |
Internet software and services | 16.5 |
Technology hardware, storage and peripherals | 10.9 |
Communications equipment | 8.0 |
IT services | 7.0 |
Electronic equipment, instruments and components | 2.3 |
Health care technology | 1.5 |
Aerospace and defense | 1.1 |
Household durables | 0.4 |
Health care providers and services | 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. | 6.2 |
Facebook, Inc., Class A | 5.7 |
Apple, Inc. | 5.6 |
Intel Corp. | 5.5 |
Alphabet, Inc., Class A | 4.6 |
Cisco Systems, Inc. | 4.1 |
Oracle Corp. | 2.7 |
IBM Corp. | 2.3 |
Micron Technology, Inc. | 2.0 |
NVIDIA Corp. | 1.7 |
TOTAL | 40.4 |
The value of a $10,000 investment calculated at market value from inception through period end would be $17,584.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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
INDUSTRY COMPOSITION (%)
Electric utilities | 54.0 |
Multi-utilities | 31.2 |
Gas utilities | 4.7 |
Independent power and renewable electricity producers | 4.2 |
Oil, gas and consumable fuels | 3.2 |
Water utilities | 2.7 |
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 (%)
Duke Energy Corp. | 5.5 |
NextEra Energy, Inc. | 5.4 |
Exelon Corp. | 5.3 |
Xcel Energy, Inc. | 5.1 |
Consolidated Edison, Inc. | 4.8 |
Public Service Enterprise Group, Inc. | 4.7 |
Edison International | 4.4 |
American Electric Power Company, Inc. | 3.6 |
The Southern Company | 3.5 |
Eversource Energy | 3.3 |
TOTAL | 45.6 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,478.
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. Net expenses reflect contractual expense limitations in effect until August 31, 2018 and are subject to change. 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 each fund's daily closing market price and the 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 APRIL 30, 2018
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 | 95 | 37.70% | 145 | 57.54% | ||||
25 - < 50 | 0 | 0.00% | 9 | 3.57% | ||||
50 - < 75 | 0 | 0.00% | 3 | 1.19% | ||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 0 | 0.00% | ||||
Total | 95 | 37.70% | 157 | 62.30% | ||||
Multifactor Consumer Staples ETF | ||||||||
0 - < 25 | 85 | 33.73% | 160 | 63.48% | ||||
25 - < 50 | 1 | 0.40% | 3 | 1.19% | ||||
50 - < 75 | 0 | 0.00% | 1 | 0.40% | ||||
75 - < 100 | 0 | 0.00% | 1 | 0.40% | ||||
100 or Above | 0 | 0.00% | 1 | 0.40% | ||||
Total | 86 | 34.13% | 166 | 65.87% | ||||
Multifactor Developed International ETF | ||||||||
0 - < 25 | 10 | 3.97% | 11 | 4.37% | ||||
25 - < 50 | 4 | 1.59% | 54 | 21.43% | ||||
50 - < 75 | 2 | 0.79% | 84 | 33.33% | ||||
75 - < 100 | 0 | 0.00% | 57 | 22.62% | ||||
100 or Above | 2 | 0.79% | 28 | 11.11% | ||||
Total | 18 | 7.14% | 234 | 92.86% | ||||
Multifactor Energy ETF | ||||||||
0 - < 25 | 94 | 37.30% | 157 | 62.30% | ||||
25 - < 50 | 0 | 0.00% | 1 | 0.40% | ||||
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 | 94 | 37.30% | 158 | 62.70% | ||||
Multifactor Financials ETF | ||||||||
0 - < 25 | 75 | 29.76% | 177 | 70.24% | ||||
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 | 75 | 29.76% | 177 | 70.24% |
PERIOD ENDED APRIL 30, 2018
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 | 80 | 31.75% | 171 | 67.85% | ||||
25 - < 50 | 0 | 0.00% | 1 | 0.40% | ||||
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 | 80 | 31.75% | 172 | 68.25% | ||||
Multifactor Industrials ETF | ||||||||
0 - < 25 | 122 | 48.41% | 126 | 50.00% | ||||
25 - < 50 | 4 | 1.59% | 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 | 126 | 50.00% | 126 | 50.00% | ||||
Multifactor Large Cap ETF | ||||||||
0 - < 25 | 80 | 31.75% | 172 | 68.25% | ||||
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 | 80 | 31.75% | 172 | 68.25% | ||||
Multifactor Materials ETF | ||||||||
0 - < 25 | 118 | 46.83% | 134 | 53.17% | ||||
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 | 118 | 46.83% | 134 | 53.17% | ||||
Multifactor Mid Cap ETF | ||||||||
0 - < 25 | 56 | 22.22% | 192 | 76.19% | ||||
25 - < 50 | 0 | 0.00% | 4 | 1.59% | ||||
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 | 56 | 22.22% | 196 | 77.78% | ||||
Multifactor Small Cap ETF | ||||||||
0 - < 25 | 40 | 33.61% | 78 | 65.55% | ||||
25 - < 50 | 0 | 0.00% | 1 | 0.84% | ||||
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 | 40 | 33.61% | 79 | 66.39% | ||||
Multifactor Technology ETF | ||||||||
0 - < 25 | 67 | 26.59% | 184 | 73.01% | ||||
25 - < 50 | 0 | 0.00% | 1 | 0.40% | ||||
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 | 67 | 26.59% | 185 | 73.41% |
PERIOD ENDED APRIL 30, 2018
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 Utilities ETF | ||||||||
0 - < 25 | 100 | 39.68% | 148 | 58.73% | ||||
25 - < 50 | 0 | 0.00% | 2 | 0.79% | ||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | ||||
75 - < 100 | 1 | 0.40% | 0 | 0.00% | ||||
100 or Above | 0 | 0.00% | 1 | 0.40% | ||||
Total | 101 | 40.08% | 151 | 59.92% |
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 November 1, 2017, with the same investment held until April 30, 2018.
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 April 30, 2018, 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 November 1, 2017, with the same investment held until April 30, 2018. 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 11-1-2017 | Ending value on 4-30-2018 | Expenses paid during period ended 4-30-20181 | Annualized expense ratio | |||
Multifactor Consumer Discretionary ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,088.40 | $2.59 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Consumer Staples ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $998.00 | $2.48 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Developed International ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,039.60 | $2.28 | 0.45% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.60 | 2.26 | 0.45% | ||
Multifactor Energy ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,156.30 | $2.67 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Financials ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,053.90 | $2.55 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Healthcare ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,033.20 | $2.52 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Industrials ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,009.20 | $2.49 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Large Cap ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,037.90 | $1.77 | 0.35% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,023.10 | 1.76 | 0.35% | ||
Multifactor Materials ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,002.70 | $2.48 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Mid Cap ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,040.00 | $2.28 | 0.45% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.60 | 2.26 | 0.45% | ||
Multifactor Small Cap ETF | ||||||
Actual expenses/actual returns2 | $1,000.00 | $1,027.70 | $2.39 | 0.51% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.94 | 2.52 | 0.51% | ||
Multifactor Technology ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $1,051.00 | $2.54 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||
Multifactor Utilities ETF | ||||||
Actual expenses/actual returns | $1,000.00 | $964.90 | $2.44 | 0.50% | ||
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
2 | The inception date for the fund is 11-8-17. Expenses are equal to the fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 172/365 (to reflect the period). |
Funds' investments |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $46,553,036 | |
(Cost $43,264,676) | ||
Consumer discretionary – 99.9% | 46,553,036 | |
Auto components – 5.7% | ||
Adient PLC (A) | 2,318 | 142,070 |
Aptiv PLC | 8,434 | 713,348 |
Autoliv, Inc. | 2,318 | 310,728 |
BorgWarner, Inc. | 6,444 | 315,369 |
Dana, Inc. | 4,074 | 96,676 |
Delphi Technologies PLC | 3,110 | 150,555 |
Gentex Corp. | 8,058 | 183,239 |
Lear Corp. | 2,393 | 447,419 |
The Goodyear Tire & Rubber Company | 8,919 | 223,956 |
Visteon Corp. (B) | 517 | 64,335 |
Automobiles – 4.6% | ||
Ford Motor Company | 56,743 | 637,791 |
General Motors Company | 23,484 | 862,802 |
Harley-Davidson, Inc. | 5,663 | 232,919 |
Tesla, Inc. (A)(B) | 857 | 251,872 |
Thor Industries, Inc. | 1,594 | 169,187 |
Distributors – 1.7% | ||
Genuine Parts Company | 3,968 | 350,454 |
LKQ Corp. (B) | 8,271 | 256,566 |
Pool Corp. | 1,200 | 166,572 |
Diversified consumer services – 1.8% | ||
Bright Horizons Family Solutions, Inc. (B) | 1,283 | 121,731 |
Grand Canyon Education, Inc. (B) | 991 | 103,054 |
H&R Block, Inc. | 5,572 | 154,066 |
Service Corp. International | 6,341 | 231,510 |
ServiceMaster Global Holdings, Inc. (B) | 4,251 | 215,101 |
Weight Watchers International, Inc. (B) | 440 | 30,822 |
Hotels, restaurants and leisure – 18.3% | ||
Aramark | 8,083 | 302,223 |
Boyd Gaming Corp. | 1,768 | 58,715 |
Caesars Entertainment Corp. (B) | 2,125 | 24,119 |
Carnival Corp. | 4,952 | 312,273 |
Chipotle Mexican Grill, Inc. (A)(B) | 576 | 243,838 |
Choice Hotels International, Inc. | 560 | 44,828 |
Cracker Barrel Old Country Store, Inc. (A) | 720 | 118,505 |
Darden Restaurants, Inc. | 3,434 | 318,881 |
Domino's Pizza, Inc. | 999 | 241,488 |
Dunkin' Brands Group, Inc. (A) | 2,434 | 148,377 |
Extended Stay America, Inc. | 4,091 | 80,102 |
Hilton Grand Vacations, Inc. (B) | 2,341 | 100,663 |
Hilton Worldwide Holdings, Inc. | 5,923 | 466,969 |
Hyatt Hotels Corp., Class A | 1,028 | 79,022 |
International Game Technology PLC | 3,086 | 87,241 |
Las Vegas Sands Corp. | 6,681 | 489,918 |
Marriott International, Inc., Class A | 4,209 | 575,286 |
McDonald's Corp. | 5,496 | 920,250 |
MGM Resorts International | 13,799 | 433,565 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Norwegian Cruise Line Holdings, Ltd. (B) | 5,068 | $270,986 |
Red Rock Resorts, Inc., Class A | 1,890 | 57,059 |
Royal Caribbean Cruises, Ltd. | 3,956 | 428,000 |
Scientific Games Corp. (B) | 580 | 30,914 |
Six Flags Entertainment Corp. (A) | 2,033 | 128,567 |
Starbucks Corp. | 14,394 | 828,663 |
Texas Roadhouse, Inc. | 1,427 | 91,442 |
The Wendy's Company | 5,042 | 84,403 |
Vail Resorts, Inc. | 970 | 222,431 |
Wyndham Worldwide Corp. | 3,468 | 396,080 |
Wynn Resorts, Ltd. | 2,049 | 381,503 |
Yum! Brands, Inc. | 6,278 | 546,814 |
Household durables – 5.8% | ||
D.R. Horton, Inc. | 9,102 | 401,762 |
Leggett & Platt, Inc. | 3,627 | 147,075 |
Lennar Corp., A Shares | 7,155 | 378,428 |
Lennar Corp., B Shares | 372 | 15,881 |
Mohawk Industries, Inc. (B) | 1,558 | 326,993 |
Newell Brands, Inc. | 11,567 | 319,596 |
NVR, Inc. (B) | 111 | 344,100 |
PulteGroup, Inc. | 7,766 | 235,776 |
Roku, Inc. (B) | 183 | 5,955 |
Toll Brothers, Inc. | 3,853 | 162,442 |
Whirlpool Corp. | 2,260 | 350,187 |
Internet and direct marketing retail – 11.1% | ||
Amazon.com, Inc. (B) | 1,878 | 2,941,192 |
Booking Holdings, Inc. (B) | 376 | 818,928 |
Expedia Group, Inc. | 2,764 | 318,247 |
Netflix, Inc. (B) | 2,226 | 695,536 |
Qurate Retail Group, Inc. QVC Group, Class A (B) | 12,352 | 289,160 |
TripAdvisor, Inc. (A)(B) | 2,537 | 94,935 |
Wayfair, Inc., Class A (A)(B) | 536 | 33,393 |
Leisure products – 1.6% | ||
Brunswick Corp. | 2,505 | 149,999 |
Hasbro, Inc. | 3,147 | 277,219 |
Mattel, Inc. (A) | 8,193 | 121,256 |
Polaris Industries, Inc. (A) | 1,872 | 196,223 |
Media – 17.0% | ||
Cable One, Inc. | 145 | 92,092 |
CBS Corp., Class B | 9,823 | 483,292 |
Charter Communications, Inc., Class A (B) | 1,818 | 493,205 |
Cinemark Holdings, Inc. | 3,503 | 137,213 |
Comcast Corp., Class A | 48,949 | 1,536,509 |
Discovery, Inc., Series A (A)(B) | 5,516 | 130,453 |
Discovery, Inc., Series C (B) | 4,932 | 109,589 |
DISH Network Corp., Class A (B) | 5,149 | 172,749 |
Liberty Media Corp.-Liberty Formula One, Series A (A)(B) | 504 | 14,167 |
26 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Media (continued) | ||
Liberty Media Corp.-Liberty Formula One, Series C (B) | 4,992 | $147,364 |
Liberty Media Corp.-Liberty SiriusXM, Series A (B) | 3,245 | 135,544 |
Lions Gate Entertainment Corp., Class A | 1,298 | 32,307 |
Lions Gate Entertainment Corp., Class B | 2,589 | 59,599 |
Live Nation Entertainment, Inc. (B) | 3,918 | 154,643 |
News Corp., Class A | 9,802 | 156,636 |
News Corp., Class B | 3,038 | 49,368 |
Omnicom Group, Inc. | 7,860 | 578,968 |
Sirius XM Holdings, Inc. (A) | 35,243 | 223,088 |
The Interpublic Group of Companies, Inc. | 11,971 | 282,396 |
The Madison Square Garden Company, Class A (B) | 542 | 131,717 |
The New York Times Company, Class A | 2,291 | 53,724 |
The Walt Disney Company | 12,993 | 1,303,589 |
Time Warner, Inc. | 6,378 | 604,634 |
Twenty-First Century Fox, Inc., Class A | 8,668 | 316,902 |
Twenty-First Century Fox, Inc., Class B | 3,994 | 144,064 |
Viacom, Inc., Class A | 241 | 8,568 |
Viacom, Inc., Class B | 12,187 | 367,560 |
Multiline retail – 7.0% | ||
Dollar General Corp. | 8,628 | 832,861 |
Dollar Tree, Inc. (B) | 7,478 | 717,065 |
Kohl's Corp. | 6,294 | 390,983 |
Macy's, Inc. | 12,326 | 382,969 |
Nordstrom, Inc. (A) | 4,486 | 226,812 |
Target Corp. | 10,064 | 730,646 |
Specialty retail – 18.2% | ||
Advance Auto Parts, Inc. | 1,914 | 219,057 |
AutoNation, Inc. (B) | 2,306 | 106,514 |
AutoZone, Inc. (B) | 554 | 345,984 |
Best Buy Company, Inc. | 8,371 | 640,633 |
Burlington Stores, Inc. (B) | 1,700 | 230,945 |
Camping World Holdings, Inc., Class A (A) | 726 | 20,785 |
CarMax, Inc. (A)(B) | 5,587 | 349,188 |
Foot Locker, Inc. | 4,382 | 188,777 |
L Brands, Inc. | 4,757 | 166,067 |
Lowe's Companies, Inc. | 9,256 | 762,972 |
O'Reilly Automotive, Inc. (B) | 2,359 | 604,069 |
Penske Automotive Group, Inc. | 1,074 | 48,437 |
Ross Stores, Inc. | 7,480 | 604,758 |
The Gap, Inc. | 8,434 | 246,610 |
The Home Depot, Inc. | 10,077 | 1,862,230 |
The Michaels Companies, Inc. (B) | 2,275 | 42,361 |
The TJX Companies, Inc. | 10,682 | 906,368 |
Tiffany & Company | 3,324 | 341,807 |
Tractor Supply Company | 3,994 | 271,592 |
Ulta Beauty, Inc. (B) | 1,545 | 387,656 |
Williams-Sonoma, Inc. (A) | 2,910 | 139,098 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods – 7.1% | ||
Carter's, Inc. | 1,497 | $150,179 |
Columbia Sportswear Company | 708 | 58,771 |
Hanesbrands, Inc. (A) | 12,503 | 230,930 |
Lululemon Athletica, Inc. (B) | 2,262 | 225,748 |
Michael Kors Holdings, Ltd. (B) | 5,093 | 348,463 |
NIKE, Inc., Class B | 11,979 | 819,244 |
PVH Corp. | 1,975 | 315,348 |
Ralph Lauren Corp. | 1,749 | 192,128 |
Skechers U.S.A., Inc., Class A (B) | 3,020 | 86,070 |
Tapestry, Inc. | 7,388 | 397,253 |
Under Armour, Inc., Class A (A)(B) | 2,867 | 50,918 |
Under Armour, Inc., Class C (A)(B) | 2,887 | 44,315 |
VF Corp. | 4,661 | 376,935 |
SECURITIES LENDING COLLATERAL – 5.8% | $2,691,772 | |
(Cost $2,691,654) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 269,086 | 2,691,772 |
SHORT-TERM INVESTMENTS – 0.2% | $82,850 | |
(Cost $82,850) | ||
Money market funds – 0.2% | 82,850 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 82,850 | 82,850 |
Total investments (Multifactor Consumer Discretionary ETF) (Cost $46,039,180) 105.9% | $49,327,658 | |
Other assets and liabilities, net (5.9%) | (2,736,617) | |
Total net assets 100.0% | $46,591,041 |
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 4-30-18. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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% | $22,298,016 | |
(Cost $23,676,523) | ||
Consumer staples – 99.9% | 22,298,016 | |
Beverages – 22.4% | ||
Brown-Forman Corp., Class A | 2,269 | 121,097 |
Brown-Forman Corp., Class B | 6,686 | 374,683 |
Constellation Brands, Inc., Class A | 2,245 | 523,377 |
Dr. Pepper Snapple Group, Inc. | 5,415 | 649,583 |
Molson Coors Brewing Company, Class B | 5,089 | 362,540 |
Monster Beverage Corp. (A) | 4,661 | 256,355 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 27 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Beverages (continued) | ||
National Beverage Corp. | 288 | $25,448 |
PepsiCo, Inc. | 12,795 | 1,291,527 |
The Coca-Cola Company | 32,487 | 1,403,763 |
Food and staples retailing – 24.0% | ||
Casey's General Stores, Inc. (B) | 1,471 | 142,099 |
Costco Wholesale Corp. | 5,008 | 987,377 |
CVS Health Corp. | 10,773 | 752,279 |
Sysco Corp. | 7,133 | 446,098 |
The Kroger Company | 34,419 | 867,015 |
US Foods Holding Corp. (A) | 7,848 | 268,245 |
Walgreens Boots Alliance, Inc. | 7,637 | 507,479 |
Walmart, Inc. | 15,691 | 1,388,026 |
Food products – 28.6% | ||
Archer-Daniels-Midland Company | 15,174 | 688,596 |
Bunge, Ltd. | 3,843 | 277,580 |
Campbell Soup Company (B) | 5,790 | 236,116 |
Conagra Brands, Inc. | 10,136 | 375,742 |
Flowers Foods, Inc. | 5,656 | 127,882 |
General Mills, Inc. | 18,389 | 804,335 |
Hormel Foods Corp. (B) | 7,650 | 277,313 |
Ingredion, Inc. | 2,437 | 295,096 |
Kellogg Company | 7,679 | 452,293 |
Lamb Weston Holdings, Inc. | 3,056 | 199,618 |
McCormick & Company, Inc. (B) | 2,780 | 293,040 |
Mondelez International, Inc., Class A | 13,469 | 532,026 |
Pilgrim's Pride Corp. (A)(B) | 2,381 | 51,430 |
Pinnacle Foods, Inc. | 3,066 | 185,186 |
Post Holdings, Inc. (A) | 1,886 | 150,069 |
Seaboard Corp. | 10 | 40,071 |
The Hain Celestial Group, Inc. (A) | 2,733 | 79,612 |
The Hershey Company | 3,867 | 355,532 |
The J.M. Smucker Company | 3,083 | 351,709 |
The Kraft Heinz Company | 5,399 | 304,396 |
Tyson Foods, Inc., Class A | 4,359 | 305,566 |
Household products – 12.5% | ||
Church & Dwight Company, Inc. | 7,697 | 355,601 |
Colgate-Palmolive Company | 6,116 | 398,947 |
Kimberly-Clark Corp. | 4,699 | 486,534 |
Spectrum Brands Holdings, Inc. (B) | 745 | 53,715 |
The Clorox Company | 3,510 | 411,372 |
The Procter & Gamble Company | 15,073 | 1,090,381 |
Personal products – 3.7% | ||
Coty, Inc., Class A (B) | 12,956 | 224,787 |
Herbalife Nutrition, Ltd. (A) | 1,552 | 164,090 |
The Estee Lauder Companies, Inc., Class A | 2,883 | 426,943 |
Tobacco – 8.7% | ||
Altria Group, Inc. | 18,522 | 1,039,269 |
Philip Morris International, Inc. | 10,929 | 896,178 |
Shares or Principal Amount | Value | |
SECURITIES LENDING COLLATERAL – 4.6% | $1,014,910 | |
(Cost $1,014,879) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 101,456 | $1,014,910 |
SHORT-TERM INVESTMENTS – 0.1% | $26,356 | |
(Cost $26,356) | ||
Money market funds – 0.1% | 26,356 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 26,356 | 26,356 |
Total investments (Multifactor Consumer Staples ETF) (Cost $24,717,758) 104.6% | $23,339,282 | |
Other assets and liabilities, net (4.6%) | (1,030,171) | |
Total net assets 100.0% | $22,309,111 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 4-30-18. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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 - 98.6% | $66,535,380 | |
(Cost $62,463,673) | ||
Australia - 6.2% | 4,194,307 | |
AGL Energy, Ltd. | 1,070 | 17,551 |
Amcor, Ltd. | 4,666 | 48,359 |
AMP, Ltd. | 41,233 | 125,744 |
APA Group | 5,157 | 32,505 |
Aristocrat Leisure, Ltd. | 2,268 | 45,916 |
ASX, Ltd. | 1,242 | 54,967 |
Aurizon Holdings, Ltd. | 20,659 | 70,175 |
Australia & New Zealand Banking Group, Ltd. | 8,995 | 182,240 |
BHP Billiton PLC | 9,044 | 192,332 |
BHP Billiton, Ltd. | 11,855 | 276,964 |
BlueScope Steel, Ltd. | 5,058 | 63,036 |
Boral, Ltd. | 8,528 | 44,289 |
Brambles, Ltd. | 10,239 | 76,284 |
Caltex Australia, Ltd. | 2,190 | 51,280 |
Challenger, Ltd. (A) | 1,056 | 8,609 |
CIMIC Group, Ltd. | 917 | 31,419 |
Cochlear, Ltd. | 527 | 77,198 |
Commonwealth Bank of Australia | 5,201 | 281,963 |
Computershare, Ltd. | 3,898 | 50,021 |
Crown Resorts, Ltd. | 3,418 | 33,438 |
CSL, Ltd. | 1,784 | 229,416 |
Dexus | 3,579 | 25,638 |
Fortescue Metals Group, Ltd. (A) | 16,244 | 55,914 |
Goodman Group | 6,529 | 44,701 |
28 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Australia (continued) | ||
Insurance Australia Group, Ltd. | 9,835 | $58,649 |
LendLease Group | 5,821 | 78,608 |
Macquarie Group, Ltd. | 1,329 | 109,037 |
Medibank Pvt., Ltd. | 25,628 | 56,682 |
Mirvac Group | 13,662 | 23,101 |
National Australia Bank, Ltd. | 7,974 | 174,255 |
Newcrest Mining, Ltd. | 3,064 | 48,917 |
Oil Search, Ltd. (A) | 12,969 | 76,751 |
Origin Energy, Ltd. (B) | 7,362 | 54,183 |
Qantas Airways, Ltd. | 16,590 | 72,257 |
QBE Insurance Group, Ltd. | 9,721 | 73,085 |
Ramsay Health Care, Ltd. | 957 | 46,731 |
REA Group, Ltd. | 487 | 29,725 |
Santos, Ltd. (B) | 16,083 | 74,541 |
Scentre Group | 7,473 | 22,733 |
Sonic Healthcare, Ltd. | 2,394 | 42,684 |
South32, Ltd. | 21,192 | 59,508 |
Stockland | 10,734 | 33,545 |
Suncorp Group, Ltd. | 5,292 | 56,005 |
Sydney Airport (A) | 14,589 | 78,519 |
Tabcorp Holdings, Ltd. | 7,777 | 25,713 |
Telstra Corp., Ltd. | 49,525 | 118,881 |
The GPT Group | 7,022 | 25,655 |
Transurban Group | 3,599 | 31,514 |
Treasury Wine Estates, Ltd. | 3,086 | 44,423 |
Vicinity Centres | 10,709 | 19,724 |
Wesfarmers, Ltd. | 2,427 | 80,188 |
Westfield Corp. | 3,600 | 25,001 |
Westpac Banking Corp. | 11,363 | 245,656 |
Woodside Petroleum, Ltd. (A) | 3,535 | 85,976 |
Woolworths Group, Ltd. | 4,855 | 102,101 |
Austria - 0.2% | 151,412 | |
ANDRITZ AG | 284 | 15,290 |
Erste Group Bank AG | 1,223 | 59,992 |
OMV AG | 411 | 25,573 |
Raiffeisen Bank International AG (B) | 448 | 15,156 |
Telekom Austria AG (B) | 308 | 2,940 |
Verbund AG | 210 | 6,531 |
voestalpine AG | 491 | 25,930 |
Belgium - 1.4% | 970,546 | |
Ackermans & van Haaren NV | 370 | 66,966 |
Ageas | 2,463 | 132,274 |
Anheuser-Busch InBev SA (A) | 2,286 | 228,468 |
bpost SA | 690 | 15,148 |
Colruyt SA | 838 | 47,262 |
KBC Group NV | 1,620 | 141,707 |
Proximus SADP | 1,505 | 46,240 |
Solvay SA | 769 | 107,405 |
Telenet Group Holding NV (B) | 175 | 10,267 |
UCB SA (A) | 899 | 68,168 |
Shares or Principal Amount | Value | |
Belgium (continued) | ||
Umicore SA | 1,908 | $106,641 |
Chile - 0.1% | 50,131 | |
Antofagasta PLC | 3,743 | 50,131 |
Denmark - 1.4% | 965,147 | |
A.P. Moller - Maersk A/S, Series A | 19 | 29,163 |
A.P. Moller - Maersk A/S, Series B | 17 | 27,446 |
Carlsberg A/S, Class B | 439 | 49,220 |
Chr. Hansen Holding A/S | 624 | 56,788 |
Coloplast A/S, B Shares | 337 | 28,636 |
Danske Bank A/S | 1,997 | 69,755 |
DSV A/S | 1,826 | 145,182 |
Genmab A/S (B) | 241 | 48,930 |
H Lundbeck A/S | 614 | 35,745 |
Novo Nordisk A/S, B Shares | 5,559 | 263,047 |
Novozymes A/S, B Shares | 931 | 44,009 |
Orsted A/S (C) | 428 | 28,255 |
Pandora A/S | 459 | 51,165 |
Vestas Wind Systems A/S | 1,353 | 87,806 |
Finland - 1.1% | 732,652 | |
Elisa OYJ | 1,321 | 58,606 |
Fortum OYJ | 1,691 | 39,043 |
Kesko OYJ, A Shares | 51 | 2,908 |
Kesko OYJ, B Shares | 199 | 11,709 |
Kone OYJ, Class B | 1,420 | 70,787 |
Neste OYJ | 543 | 45,858 |
Nokia OYJ | 13,695 | 82,367 |
Nokian Renkaat OYJ | 1,084 | 43,547 |
Orion OYJ, Class A | 163 | 5,367 |
Orion OYJ, Class B | 897 | 27,289 |
Sampo OYJ, A Shares | 928 | 50,174 |
Stora Enso OYJ, R Shares | 5,108 | 101,428 |
UPM-Kymmene OYJ | 3,633 | 130,277 |
Wartsila OYJ ABP | 2,968 | 63,292 |
France - 10.1% | 6,835,780 | |
Accor SA | 360 | 20,386 |
Aeroports de Paris | 212 | 46,720 |
Air Liquide SA | 1,728 | 225,583 |
Airbus SE | 1,641 | 193,111 |
AXA SA (A) | 7,287 | 208,834 |
BNP Paribas SA | 3,419 | 264,291 |
Bouygues SA | 4,566 | 233,078 |
Capgemini SE | 1,049 | 144,484 |
Carrefour SA | 6,551 | 134,831 |
Cie de Saint-Gobain | 4,758 | 250,036 |
Cie Generale des Etablissements Michelin | 2,078 | 292,615 |
CNP Assurances (A) | 921 | 23,635 |
Credit Agricole SA | 4,781 | 78,761 |
Danone SA | 1,759 | 142,581 |
Dassault Systemes SA | 1,239 | 160,549 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 29 |
Shares or Principal Amount | Value | |
France (continued) | ||
Electricite de France SA | 8,495 | $119,572 |
Engie SA | 7,701 | 135,378 |
Essilor International Cie Generale d'Optique SA | 1,277 | 174,422 |
Hermes International | 77 | 49,846 |
Kering | 164 | 95,030 |
Legrand SA | 2,664 | 207,602 |
L'Oreal SA | 676 | 162,409 |
LVMH Moet Hennessy Louis Vuitton SE | 999 | 349,183 |
Natixis SA | 9,109 | 74,969 |
Orange SA | 17,472 | 319,072 |
Pernod Ricard SA | 294 | 48,859 |
Peugeot SA (A) | 10,318 | 254,560 |
Publicis Groupe SA | 1,902 | 142,476 |
Renault SA | 2,382 | 258,553 |
Safran SA | 1,365 | 160,730 |
Sanofi (A) | 2,906 | 230,990 |
Schneider Electric SE | 1,153 | 104,869 |
Societe Generale SA | 3,020 | 165,854 |
Sodexo SA | 932 | 92,448 |
Thales SA | 1,008 | 127,876 |
TOTAL SA | 7,550 | 477,349 |
Unibail-Rodamco SE | 385 | 92,520 |
Valeo SA | 1,992 | 133,429 |
Vinci SA (A) | 2,071 | 207,931 |
Vivendi SA (A) | 8,710 | 230,358 |
Germany - 9.4% | 6,315,059 | |
adidas AG | 644 | 158,651 |
Allianz SE | 1,530 | 363,165 |
BASF SE | 3,219 | 335,715 |
Bayer AG | 2,513 | 301,434 |
Bayerische Motoren Werke AG | 2,570 | 287,126 |
Beiersdorf AG | 658 | 74,666 |
Commerzbank AG (B) | 7,756 | 100,361 |
Continental AG | 463 | 123,738 |
Covestro AG (C) | 1,211 | 110,554 |
Daimler AG | 5,991 | 474,110 |
Deutsche Bank AG | 16,670 | 228,919 |
Deutsche Boerse AG | 645 | 87,008 |
Deutsche Lufthansa Ag | 4,428 | 129,307 |
Deutsche Post AG | 2,828 | 123,346 |
Deutsche Telekom AG | 12,911 | 226,108 |
Deutsche Wohnen SE | 6,690 | 316,363 |
E.ON SE | 26,545 | 290,954 |
Evonik Industries AG | 2,311 | 82,313 |
Fresenius Medical Care AG & Company KGaA | 1,729 | 176,059 |
Fresenius SE & Company KGaA | 1,786 | 136,678 |
Hannover Rueck SE | 569 | 80,158 |
HeidelbergCement AG | 1,680 | 164,940 |
Henkel AG & Company KGaA | 195 | 23,265 |
Infineon Technologies AG | 8,795 | 226,124 |
Shares or Principal Amount | Value | |
Germany (continued) | ||
Innogy SE (C) | 2,313 | $102,085 |
Linde AG | 284 | 63,153 |
MAN SE | 224 | 25,846 |
Merck KGaA | 218 | 21,392 |
Muenchener Rueckversicherungs-Gesellschaft AG | 648 | 148,714 |
RWE AG | 5,937 | 142,565 |
SAP SE | 1,642 | 183,349 |
Siemens AG | 1,941 | 247,738 |
Telefonica Deutschland Holding AG | 6,556 | 31,375 |
thyssenkrupp AG | 4,441 | 115,897 |
TUI AG | 3,957 | 89,683 |
Volkswagen AG | 237 | 48,507 |
Vonovia SE | 8,562 | 430,439 |
Wirecard AG | 233 | 31,839 |
Zalando SE (B)(C) | 221 | 11,415 |
Hong Kong - 3.3% | 2,207,389 | |
AIA Group, Ltd. | 33,002 | 297,294 |
BOC Hong Kong Holdings, Ltd. | 15,295 | 79,610 |
Cathay Pacific Airways, Ltd. | 12,289 | 19,792 |
Chow Tai Fook Jewellery Group, Ltd. | 14,226 | 18,416 |
CK Asset Holdings, Ltd. | 10,896 | 94,476 |
CK Hutchison Holdings, Ltd. | 10,773 | 127,795 |
CK Infrastructure Holdings, Ltd. | 1,429 | 11,307 |
CLP Holdings, Ltd. | 8,071 | 83,813 |
Dairy Farm International Holdings, Ltd. | 1,000 | 8,420 |
Galaxy Entertainment Group, Ltd. | 8,641 | 76,410 |
Hang Lung Properties, Ltd. | 20,522 | 48,741 |
Hang Seng Bank, Ltd. | 1,789 | 45,499 |
Henderson Land Development Company, Ltd. | 4,733 | 30,183 |
HK Electric Investments & HK Electric Investments, Ltd. (C) | 38,790 | 36,080 |
HKT Trust & HKT, Ltd. | 45,337 | 59,731 |
Hong Kong & China Gas Company, Ltd. | 14,533 | 30,443 |
Hong Kong Exchanges & Clearing, Ltd. | 4,708 | 154,289 |
Hongkong Land Holdings, Ltd. | 2,100 | 15,225 |
Kingston Financial Group, Ltd. (A) | 26,124 | 13,348 |
Link REIT | 7,526 | 66,742 |
MTR Corp., Ltd. | 6,740 | 38,001 |
New World Development Company, Ltd. | 79,071 | 116,870 |
NWS Holdings, Ltd. | 19,001 | 37,575 |
Power Assets Holdings, Ltd. | 10,573 | 78,743 |
Shangri-La Asia, Ltd. | 8,000 | 15,718 |
Sino Land Company, Ltd. | 39,571 | 68,471 |
Sun Hung Kai Properties, Ltd. | 5,162 | 83,400 |
Swire Pacific, Ltd., Class A | 4,365 | 43,382 |
Swire Pacific, Ltd., Class B | 8,128 | 13,753 |
Swire Properties, Ltd. | 9,201 | 32,768 |
Techtronic Industries Company, Ltd. | 12,933 | 76,462 |
The Bank of East Asia, Ltd. | 17,663 | 77,870 |
The Wharf Holdings, Ltd. | 7,992 | 26,731 |
30 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Hong Kong (continued) | ||
Wharf Real Estate Investment Company, Ltd. | 7,992 | $60,081 |
Wheelock & Company, Ltd. | 12,075 | 90,083 |
Yue Yuen Industrial Holdings, Ltd. | 10,488 | 29,867 |
Ireland - 0.8% | 567,841 | |
AIB Group PLC | 914 | 5,457 |
Bank of Ireland Group PLC | 3,694 | 33,250 |
CRH PLC | 3,182 | 113,451 |
DCC PLC | 570 | 54,956 |
James Hardie Industries PLC | 1,500 | 26,733 |
Kerry Group PLC, Class A | 609 | 62,175 |
Kingspan Group PLC | 1,024 | 46,395 |
Paddy Power Betfair PLC | 444 | 43,961 |
Shire PLC | 1,654 | 88,073 |
Smurfit Kappa Group PLC | 2,186 | 93,390 |
Israel - 0.3% | 170,286 | |
Azrieli Group, Ltd. | 53 | 2,432 |
Bank Hapoalim BM | 3,607 | 24,722 |
Bank Leumi Le-Israel BM | 8,354 | 49,457 |
Bezeq The Israeli Telecommunication Corp., Ltd. | 8,325 | 10,510 |
Check Point Software Technologies, Ltd. (B) | 144 | 13,897 |
Elbit Systems, Ltd. | 49 | 5,672 |
Israel Chemicals, Ltd. | 1,472 | 6,620 |
Nice, Ltd. (B) | 51 | 4,839 |
Taro Pharmaceutical Industries, Ltd. (B) | 13 | 1,318 |
Teva Pharmaceutical Industries, Ltd. | 2,783 | 50,819 |
Italy - 2.2% | 1,506,168 | |
Assicurazioni Generali SpA | 3,036 | 61,404 |
Atlantia SpA | 1,287 | 42,761 |
Banca Mediolanum SpA (A) | 1,639 | 13,188 |
Banco BPM SpA (A)(B) | 10,551 | 38,453 |
Davide Campari-Milano SpA | 3,746 | 28,151 |
Enel SpA | 22,082 | 140,547 |
Eni SpA | 9,837 | 192,538 |
Ferrari NV | 522 | 64,361 |
FinecoBank Banca Fineco SpA | 1,636 | 19,576 |
Intesa Sanpaolo SpA | 36,576 | 139,511 |
Leonardo SpA | 3,557 | 41,300 |
Luxottica Group SpA | 441 | 27,579 |
Mediobanca SpA | 7,558 | 91,909 |
Moncler SpA | 1,160 | 52,473 |
Parmalat SpA | 1,372 | 5,006 |
Pirelli & C SpA (B)(C) | 674 | 5,866 |
Poste Italiane SpA (C) | 3,374 | 33,044 |
PRADA SpA (A) | 4,398 | 22,247 |
Prysmian SpA | 1,839 | 54,169 |
Recordati SpA | 963 | 34,498 |
Snam SpA | 9,638 | 46,404 |
Telecom Italia SpA (A)(B) | 136,198 | 134,638 |
Terna Rete Elettrica Nazionale SpA | 12,402 | 74,576 |
Shares or Principal Amount | Value | |
Italy (continued) | ||
UniCredit SpA | 5,370 | $116,616 |
UnipolSai Assicurazioni SpA | 9,410 | 25,353 |
Japan - 25.4% | 17,109,347 | |
ABC-Mart, Inc. | 200 | 13,178 |
Acom Company, Ltd. (A) | 2,400 | 10,879 |
Aeon Company, Ltd. | 6,400 | 127,942 |
AEON Financial Service Company, Ltd. | 700 | 16,415 |
Aisin Seiki Company, Ltd. | 1,600 | 86,854 |
Ajinomoto Company, Inc. | 1,000 | 18,332 |
Alps Electric Company, Ltd. | 1,800 | 39,940 |
ANA Holdings, Inc. | 3,400 | 134,850 |
Aozora Bank, Ltd. | 1,000 | 40,439 |
Asahi Glass Company, Ltd. | 1,500 | 62,234 |
Asahi Group Holdings, Ltd. | 1,200 | 60,710 |
Asahi Kasei Corp. | 13,300 | 183,228 |
Astellas Pharma, Inc. | 3,700 | 54,287 |
Bandai Namco Holdings, Inc. | 1,900 | 64,505 |
Bridgestone Corp. | 4,400 | 184,525 |
Brother Industries, Ltd. | 2,200 | 47,368 |
Calbee, Inc. (A) | 1,000 | 33,722 |
Canon, Inc. | 2,600 | 90,053 |
Casio Computer Company, Ltd. | 900 | 13,431 |
Central Japan Railway Company | 900 | 180,699 |
Chubu Electric Power Company, Inc. | 4,800 | 75,164 |
Chugai Pharmaceutical Company, Ltd. | 400 | 21,129 |
Coca-Cola Bottlers Japan Holdings, Inc. | 900 | 38,739 |
Concordia Financial Group, Ltd. | 10,500 | 61,124 |
Dai Nippon Printing Company, Ltd. | 3,100 | 66,802 |
Daicel Corp. | 1,700 | 19,668 |
Daifuku Company, Ltd. | 700 | 37,615 |
Dai-ichi Life Holdings, Inc. | 4,400 | 87,417 |
Daiichi Sankyo Company, Ltd. | 1,100 | 37,697 |
Daikin Industries, Ltd. | 800 | 93,617 |
Daito Trust Construction Company, Ltd. | 300 | 50,048 |
Daiwa House Industry Company, Ltd. | 1,600 | 58,634 |
Daiwa Securities Group, Inc. | 9,000 | 55,328 |
Denso Corp. | 1,400 | 73,643 |
Dentsu, Inc. | 400 | 18,935 |
Disco Corp. | 200 | 35,239 |
Don Quijote Holdings Company, Ltd. | 1,200 | 64,702 |
East Japan Railway Company | 2,400 | 230,075 |
Eisai Company, Ltd. | 400 | 26,849 |
Electric Power Development Company, Ltd. | 1,800 | 48,987 |
FamilyMart UNY Holdings Company, Ltd. (A) | 500 | 48,572 |
FANUC Corp. | 300 | 64,592 |
Fast Retailing Company, Ltd. | 200 | 88,115 |
Fuji Electric Company, Ltd. | 2,000 | 14,329 |
FUJIFILM Holdings Corp. | 1,800 | 72,461 |
Fujitsu, Ltd. | 8,000 | 48,684 |
Hamamatsu Photonics KK | 500 | 19,283 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 31 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Hankyu Hanshin Holdings, Inc. | 3,500 | $138,017 |
Hikari Tsushin, Inc. | 100 | 16,230 |
Hino Motors, Ltd. | 4,700 | 57,427 |
Hirose Electric Company, Ltd. | 105 | 14,796 |
Hisamitsu Pharmaceutical Company, Inc. | 200 | 15,591 |
Hitachi Chemical Company, Ltd. | 1,500 | 32,981 |
Hitachi Construction Machinery Company, Ltd. | 1,100 | 40,059 |
Hitachi High-Technologies Corp. | 200 | 9,340 |
Hitachi Metals, Ltd. | 2,800 | 32,139 |
Hitachi, Ltd. | 34,000 | 249,069 |
Honda Motor Company, Ltd. | 6,700 | 230,650 |
Hoshizaki Corp. | 300 | 27,882 |
Hoya Corp. | 1,700 | 91,071 |
Hulic Company, Ltd. | 1,700 | 18,286 |
Idemitsu Kosan Company, Ltd. | 1,900 | 74,403 |
Iida Group Holdings Company, Ltd. | 1,400 | 27,392 |
Inpex Corp. | 4,000 | 51,268 |
Isetan Mitsukoshi Holdings, Ltd. | 3,800 | 42,297 |
Isuzu Motors, Ltd. | 3,500 | 53,544 |
ITOCHU Corp. | 6,200 | 124,312 |
Japan Airlines Company, Ltd. | 2,100 | 82,714 |
Japan Exchange Group, Inc. | 4,600 | 85,337 |
Japan Post Bank Company, Ltd. | 1,200 | 16,318 |
Japan Post Holdings Company, Ltd. | 1,300 | 15,801 |
Japan Post Insurance Company, Ltd. | 100 | 2,460 |
Japan Real Estate Investment Corp. | 5 | 25,954 |
Japan Retail Fund Investment Corp. | 9 | 16,861 |
Japan Tobacco, Inc. | 3,600 | 96,609 |
JFE Holdings, Inc. | 2,200 | 45,327 |
JGC Corp. | 1,500 | 36,806 |
JSR Corp. | 800 | 15,097 |
JTEKT Corp. | 4,800 | 77,862 |
JXTG Holdings, Inc. | 19,900 | 129,921 |
Kajima Corp. | 16,000 | 154,261 |
Kansai Paint Company, Ltd. | 1,000 | 22,518 |
Kao Corp. | 2,000 | 143,569 |
Kawasaki Heavy Industries, Ltd. | 2,700 | 90,555 |
KDDI Corp. | 7,200 | 193,250 |
Keikyu Corp. | 2,000 | 36,683 |
Keio Corp. | 999 | 45,739 |
Keisei Electric Railway Company, Ltd. | 700 | 22,838 |
Keyence Corp. | 100 | 61,202 |
Kikkoman Corp. | 600 | 26,018 |
Kintetsu Group Holdings Company, Ltd. | 1,900 | 77,354 |
Kirin Holdings Company, Ltd. | 3,600 | 101,099 |
Koito Manufacturing Company, Ltd. | 700 | 47,019 |
Komatsu, Ltd. | 2,100 | 71,967 |
Konami Holdings Corp. | 700 | 34,416 |
Konica Minolta, Inc. | 7,300 | 62,710 |
Kose Corp. | 200 | 37,012 |
Kubota Corp. | 2,000 | 33,804 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Kuraray Company, Ltd. | 7,500 | $124,880 |
Kyocera Corp. | 1,400 | 89,533 |
Kyowa Hakko Kirin Company, Ltd. | 400 | 8,678 |
Kyushu Electric Power Company, Inc. | 8,200 | 101,315 |
Kyushu Railway Company | 400 | 12,831 |
Lawson, Inc. (A) | 700 | 46,251 |
LINE Corp. (B) | 100 | 3,651 |
Lion Corp. | 1,900 | 41,013 |
LIXIL Group Corp. | 3,900 | 87,427 |
M3, Inc. | 1,000 | 37,880 |
Makita Corp. | 400 | 17,985 |
Marubeni Corp. | 6,900 | 51,971 |
Mazda Motor Corp. | 7,900 | 109,846 |
Mebuki Financial Group, Inc. | 6,200 | 24,080 |
MEIJI Holdings Company, Ltd. | 500 | 40,119 |
MINEBEA MITSUMI, Inc. | 3,200 | 64,249 |
MISUMI Group, Inc. | 2,000 | 55,380 |
Mitsubishi Chemical Holdings Corp. | 14,900 | 141,545 |
Mitsubishi Corp. | 5,400 | 149,379 |
Mitsubishi Electric Corp. | 3,500 | 53,751 |
Mitsubishi Estate Company, Ltd. | 1,900 | 34,770 |
Mitsubishi Gas Chemical Company, Inc. | 1,600 | 37,637 |
Mitsubishi Heavy Industries, Ltd. | 1,400 | 55,348 |
Mitsubishi Materials Corp. | 1,300 | 39,680 |
Mitsubishi Motors Corp. | 1,500 | 11,186 |
Mitsubishi Tanabe Pharma Corp. | 300 | 5,714 |
Mitsubishi UFJ Financial Group, Inc. | 41,800 | 280,080 |
Mitsubishi UFJ Lease & Finance Company, Ltd. | 8,600 | 54,779 |
Mitsui & Company, Ltd. | 7,000 | 126,438 |
Mitsui Chemicals, Inc. | 3,600 | 103,304 |
Mitsui Fudosan Company, Ltd. | 2,400 | 61,664 |
Mizuho Financial Group, Inc. | 72,200 | 130,907 |
MS&AD Insurance Group Holdings, Inc. | 1,700 | 57,047 |
Murata Manufacturing Company, Ltd. | 600 | 75,942 |
NEC Corp. | 3,700 | 101,608 |
Nexon Company, Ltd. (B) | 700 | 10,191 |
NGK Insulators, Ltd. | 2,300 | 42,290 |
NGK Spark Plug Company, Ltd. | 1,400 | 36,080 |
NH Foods, Ltd. | 500 | 21,864 |
Nidec Corp. | 600 | 93,982 |
Nikon Corp. | 3,700 | 64,515 |
Nintendo Company, Ltd. | 100 | 42,193 |
Nippon Building Fund, Inc. | 4 | 22,481 |
Nippon Express Company, Ltd. | 1,200 | 90,692 |
Nippon Paint Holdings Company, Ltd. | 300 | 12,282 |
Nippon Steel & Sumitomo Metal Corp. | 3,300 | 71,926 |
Nippon Telegraph & Telephone Corp. | 9,700 | 461,398 |
Nissan Chemical Industries, Ltd. | 1,000 | 44,551 |
Nissan Motor Company, Ltd. | 18,000 | 189,417 |
Nisshin Seifun Group, Inc. | 1,300 | 28,430 |
Nissin Foods Holdings Company, Ltd. | 300 | 22,070 |
32 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Nitori Holdings Company, Ltd. | 300 | $50,665 |
Nitto Denko Corp. | 400 | 29,792 |
Nomura Holdings, Inc. | 11,700 | 67,586 |
Nomura Real Estate Master Fund, Inc. | 14 | 19,537 |
Nomura Research Institute, Ltd. | 600 | 30,980 |
NSK, Ltd. | 7,900 | 106,127 |
NTT Data Corp. | 3,000 | 32,324 |
NTT DOCOMO, Inc. | 5,500 | 142,495 |
Obayashi Corp. | 13,000 | 149,929 |
Obic Company, Ltd. | 300 | 25,141 |
Odakyu Electric Railway Company, Ltd. | 2,500 | 53,941 |
Oji Holdings Corp. | 9,000 | 63,331 |
Olympus Corp. | 1,300 | 48,531 |
Omron Corp. | 700 | 37,999 |
Ono Pharmaceutical Company, Ltd. | 600 | 13,897 |
Oracle Corp. Japan | 400 | 32,899 |
Oriental Land Company, Ltd. | 800 | 79,799 |
ORIX Corp. | 9,200 | 161,762 |
Osaka Gas Company, Ltd. | 5,200 | 111,865 |
Otsuka Corp. | 800 | 37,286 |
Otsuka Holdings Company, Ltd. | 600 | 31,430 |
Panasonic Corp. | 9,500 | 141,686 |
Peptidream, Inc. (B) | 100 | 4,058 |
Persol Holdings Company Ltd. | 900 | 21,409 |
Pola Orbis Holdings, Inc. | 700 | 30,578 |
Rakuten, Inc. | 1,900 | 13,547 |
Recruit Holdings Company, Ltd. | 3,100 | 71,590 |
Renesas Electronics Corp. (B) | 1,100 | 11,540 |
Resona Holdings, Inc. | 9,200 | 52,346 |
Ricoh Company, Ltd. | 7,200 | 70,470 |
Rinnai Corp. | 100 | 9,952 |
Rohm Company, Ltd. | 400 | 37,359 |
Ryohin Keikaku Company, Ltd. | 200 | 68,631 |
Santen Pharmaceutical Company, Ltd. | 1,700 | 28,663 |
Secom Company, Ltd. | 300 | 22,487 |
Seibu Holdings, Inc. | 1,700 | 28,726 |
Seiko Epson Corp. | 1,300 | 24,414 |
Sekisui Chemical Company, Ltd. | 7,000 | 124,103 |
Sekisui House, Ltd. | 2,400 | 43,964 |
Seven & i Holdings Company, Ltd. | 3,400 | 149,299 |
Seven Bank, Ltd. | 5,500 | 18,497 |
Sharp Corp. | 300 | 8,814 |
Shimadzu Corp. | 1,100 | 29,916 |
Shimano, Inc. | 100 | 13,288 |
Shimizu Corp. | 8,000 | 79,251 |
Shin-Etsu Chemical Company, Ltd. | 700 | 70,400 |
Shinsei Bank, Ltd. | 2,500 | 39,022 |
Shionogi & Company, Ltd. | 700 | 36,041 |
Shiseido Company, Ltd. | 900 | 58,495 |
Showa Denko KK | 600 | 20,041 |
SMC Corp. | 100 | 38,127 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
SoftBank Group Corp. | 3,100 | $240,833 |
Sohgo Security Services Company, Ltd. | 200 | 9,888 |
Sompo Holdings, Inc. | 1,300 | 54,531 |
Sony Corp. | 3,300 | 162,851 |
Sony Financial Holdings, Inc. | 1,900 | 34,710 |
Stanley Electric Company, Ltd. | 1,300 | 47,105 |
Start Today Company, Ltd. | 1,700 | 49,093 |
Subaru Corp. | 2,300 | 77,329 |
Sumco Corp. | 1,100 | 27,162 |
Sumitomo Chemical Company, Ltd. | 29,000 | 166,699 |
Sumitomo Corp. | 4,800 | 86,393 |
Sumitomo Dainippon Pharma Company, Ltd. (A) | 1,200 | 21,878 |
Sumitomo Electric Industries, Ltd. | 2,800 | 42,976 |
Sumitomo Metal Mining Company, Ltd. | 1,200 | 51,520 |
Sumitomo Mitsui Financial Group, Inc. | 4,800 | 199,589 |
Sumitomo Mitsui Trust Holdings, Inc. | 900 | 38,212 |
Sumitomo Realty & Development Company, Ltd. | 1,000 | 39,744 |
Sundrug Company, Ltd. | 600 | 30,870 |
Suntory Beverage & Food, Ltd. | 300 | 14,777 |
Suruga Bank, Ltd. | 900 | 12,239 |
Suzuki Motor Corp. | 1,500 | 80,754 |
Sysmex Corp. | 600 | 53,077 |
T&D Holdings, Inc. | 4,400 | 74,751 |
Taisei Corp. | 1,500 | 81,014 |
Taisho Pharmaceutical Holdings Company, Ltd. | 400 | 38,346 |
Taiyo Nippon Sanso Corp. | 2,100 | 31,147 |
Takeda Pharmaceutical Company, Ltd. | 1,600 | 67,568 |
TDK Corp. | 500 | 43,180 |
Terumo Corp. | 800 | 45,328 |
The Chiba Bank, Ltd. | 8,000 | 64,629 |
The Chugoku Electric Power Company, Inc. (A) | 4,000 | 50,080 |
The Kansai Electric Power Company, Inc. | 4,700 | 65,716 |
The Shizuoka Bank, Ltd. | 7,000 | 71,135 |
THK Company, Ltd. | 200 | 7,000 |
Tobu Railway Company, Ltd. | 4,000 | 127,576 |
Toho Company, Ltd. | 500 | 16,724 |
Tohoku Electric Power Company, Inc. | 10,400 | 134,105 |
Tokio Marine Holdings, Inc. | 2,800 | 132,343 |
Tokyo Century Corp. | 400 | 25,003 |
Tokyo Electric Power Company Holdings, Inc. (B) | 21,600 | 102,843 |
Tokyo Electron, Ltd. | 400 | 76,966 |
Tokyo Gas Company, Ltd. | 2,100 | 56,269 |
Tokyu Corp. | 6,300 | 105,993 |
Toppan Printing Company, Ltd. | 6,000 | 50,226 |
Toray Industries, Inc. | 6,600 | 61,642 |
Toshiba Corp. (B) | 10,000 | 26,776 |
Tosoh Corp. | 4,000 | 70,989 |
TOTO, Ltd. | 1,300 | 73,777 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 33 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Toyota Industries Corp. | 700 | $41,389 |
Toyota Motor Corp. | 8,300 | 544,686 |
Toyota Tsusho Corp. | 1,000 | 35,961 |
Trend Micro, Inc. | 1,400 | 83,930 |
Tsuruha Holdings, Inc. | 200 | 28,750 |
Unicharm Corp. | 1,700 | 47,772 |
United Urban Investment Corp. | 5 | 7,667 |
USS Company, Ltd. | 2,100 | 44,159 |
West Japan Railway Company | 1,200 | 84,990 |
Yahoo Japan Corp. (A) | 5,500 | 22,618 |
Yakult Honsha Company, Ltd. | 100 | 7,128 |
Yamada Denki Company, Ltd. (A) | 5,600 | 29,375 |
Yamaha Corp. | 700 | 33,841 |
Yamaha Motor Company, Ltd. | 2,900 | 92,758 |
Yamato Holdings Company, Ltd. | 1,300 | 33,473 |
Yamazaki Baking Company, Ltd. | 700 | 15,340 |
Yaskawa Electric Corp. | 1,200 | 49,020 |
Jersey, Channel Islands - 0.1% | 45,827 | |
Randgold Resources, Ltd. | 567 | 45,827 |
Luxembourg - 0.4% | 247,550 | |
ArcelorMittal | 2,656 | 90,156 |
Millicom International Cellular SA | 1,690 | 112,886 |
RTL Group SA | 365 | 30,098 |
Tenaris SA (A) | 766 | 14,410 |
Macau - 0.2% | 122,706 | |
MGM China Holdings, Ltd. | 7,274 | 20,112 |
Sands China, Ltd. | 8,669 | 50,534 |
Wynn Macau, Ltd. | 13,921 | 52,060 |
Mexico - 0.0% | 28,519 | |
Fresnillo PLC | 1,624 | 28,519 |
Netherlands - 3.9% | 2,608,941 | |
ABN AMRO Group NV (C) | 1,762 | 54,775 |
Akzo Nobel NV | 4,864 | 440,163 |
Altice NV, Class A (A)(B) | 1,207 | 11,576 |
Altice NV, Class B (B) | 333 | 3,188 |
ASML Holding NV (A) | 833 | 158,513 |
Heineken Holding NV | 280 | 28,485 |
Heineken NV | 692 | 72,989 |
ING Groep NV (A) | 12,239 | 206,665 |
Koninklijke Ahold Delhaize NV | 6,824 | 164,936 |
Koninklijke DSM NV | 1,677 | 173,884 |
Koninklijke Philips NV | 3,887 | 165,356 |
NN Group NV | 2,693 | 129,139 |
Royal Dutch Shell PLC, A Shares | 12,869 | 448,623 |
Royal Dutch Shell PLC, B Shares | 11,055 | 396,120 |
Wolters Kluwer NV | 2,853 | 154,529 |
New Zealand - 0.1% | 63,659 | |
a2 Milk Company, Ltd. (B) | 752 | 6,438 |
Shares or Principal Amount | Value | |
New Zealand (continued) | ||
Auckland International Airport, Ltd. | 2,818 | $12,668 |
Fisher & Paykel Healthcare Corp., Ltd. | 1,010 | 9,073 |
Meridian Energy, Ltd. | 5,217 | 10,807 |
Ryman Healthcare, Ltd. | 811 | 6,057 |
Spark New Zealand, Ltd. | 7,636 | 18,616 |
Norway - 0.7% | 438,785 | |
Aker BP ASA | 848 | 27,966 |
DNB ASA (A) | 3,375 | 63,425 |
Gjensidige Forsikring ASA (A) | 577 | 9,162 |
Marine Harvest ASA | 995 | 21,692 |
Norsk Hydro ASA | 3,599 | 22,490 |
Orkla ASA | 1,122 | 10,412 |
Schibsted ASA, B Shares | 417 | 11,243 |
Schibsted ASA, Class A | 620 | 18,156 |
Statoil ASA | 6,892 | 176,793 |
Telenor ASA | 2,580 | 57,261 |
Yara International ASA | 477 | 20,185 |
Portugal - 0.1% | 82,545 | |
EDP - Energias de Portugal SA | 9,428 | 35,038 |
Galp Energia SGPS SA | 1,431 | 27,516 |
Jeronimo Martins SGPS SA | 1,138 | 19,991 |
Singapore - 1.0% | 687,942 | |
Ascendas Real Estate Investment Trust | 7,900 | 15,931 |
CapitaLand Mall Trust | 8,900 | 14,116 |
CapitaLand, Ltd. | 13,500 | 38,337 |
City Developments, Ltd. | 4,200 | 40,190 |
DBS Group Holdings, Ltd. | 2,958 | 68,898 |
Genting Singapore PLC | 14,900 | 13,166 |
Great Eastern Holdings Ltd. | 100 | 2,347 |
Jardine Cycle & Carriage, Ltd. | 300 | 7,763 |
Keppel Corp., Ltd. | 6,000 | 37,113 |
Oversea-Chinese Banking Corp., Ltd. | 11,400 | 118,817 |
Sembcorp Industries, Ltd. | 4,400 | 10,202 |
Singapore Airlines, Ltd. | 3,100 | 25,473 |
Singapore Exchange, Ltd. | 6,400 | 37,316 |
Singapore Technologies Engineering, Ltd. | 6,500 | 17,133 |
Singapore Telecommunications, Ltd. | 33,300 | 88,528 |
United Overseas Bank, Ltd. | 5,524 | 125,746 |
Venture Corp., Ltd. | 1,200 | 18,987 |
Wilmar International, Ltd. | 3,200 | 7,879 |
South Africa - 0.3% | 188,850 | |
Investec PLC | 5,746 | 45,697 |
Mondi PLC | 5,130 | 143,153 |
Spain - 3.1% | 2,100,332 | |
Abertis Infraestructuras SA | 6,295 | 138,879 |
Aena SME SA (C) | 276 | 57,056 |
Amadeus IT Group SA | 1,878 | 137,728 |
Banco Bilbao Vizcaya Argentaria SA | 18,441 | 149,947 |
34 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Spain (continued) | ||
Banco de Sabadell SA | 38,336 | $75,335 |
Banco Santander SA (A) | 54,524 | 353,951 |
Bankia SA | 9,766 | 43,032 |
CaixaBank SA | 23,763 | 115,961 |
EDP Renovaveis SA | 1,662 | 15,984 |
Endesa SA | 2,221 | 51,978 |
Ferrovial SA | 3,312 | 70,968 |
Gas Natural SDG SA | 3,145 | 79,454 |
Grifols SA | 4,294 | 121,140 |
Iberdrola SA | 22,445 | 173,989 |
Industria de Diseno Textil SA (A) | 4,430 | 137,983 |
Repsol SA | 10,479 | 200,672 |
Telefonica SA | 17,301 | 176,275 |
Sweden - 2.7% | 1,853,407 | |
Alfa Laval AB | 3,845 | 95,740 |
Assa Abloy AB, B Shares | 1,690 | 35,605 |
Atlas Copco AB, A Shares | 2,276 | 89,577 |
Atlas Copco AB, B Shares | 1,334 | 47,650 |
Boliden AB | 4,236 | 147,676 |
Electrolux AB, Series B | 1,031 | 27,276 |
Essity AB, Class B | 1,463 | 37,315 |
Fastighets AB Balder, B Shares (B) | 515 | 13,336 |
Hennes & Mauritz AB, B Shares (A) | 3,413 | 58,485 |
Hexagon AB, B Shares | 354 | 20,569 |
Husqvarna AB, B Shares | 3,833 | 37,019 |
ICA Gruppen AB (A) | 1,071 | 33,381 |
Lundin Petroleum AB (B) | 1,016 | 28,145 |
Nordea Bank AB | 9,723 | 99,399 |
Sandvik AB | 4,293 | 73,653 |
Securitas AB, B Shares (A) | 2,621 | 42,569 |
Skandinaviska Enskilda Banken AB, Series A | 4,358 | 41,123 |
Skandinaviska Enskilda Banken AB, Series C | 61 | 617 |
Skanska AB, B Shares (A) | 1,513 | 29,644 |
SKF AB, B Shares | 7,460 | 151,922 |
Svenska Cellulosa AB SCA, B Shares | 8,126 | 90,452 |
Svenska Handelsbanken AB, A Shares | 5,395 | 60,472 |
Svenska Handelsbanken AB, B Shares | 195 | 2,333 |
Swedbank AB, A Shares | 3,588 | 78,363 |
Swedish Match AB | 895 | 40,333 |
Tele2 AB, B Shares | 6,555 | 85,471 |
Telefonaktiebolaget LM Ericsson, B Shares (A) | 10,326 | 79,367 |
Telia Company AB | 16,231 | 80,162 |
Trelleborg AB, B Shares (A) | 2,029 | 47,644 |
Volvo AB, A Shares | 1,693 | 29,182 |
Volvo AB, B Shares | 8,727 | 148,927 |
Switzerland - 7.8% | 5,263,889 | |
ABB, Ltd. | 8,949 | 210,097 |
Cie Financiere Richemont SA | 2,178 | 208,053 |
Coca-Cola HBC AG (B) | 2,593 | 87,287 |
Credit Suisse Group AG (B) | 22,981 | 389,904 |
Shares or Principal Amount | Value | |
Switzerland (continued) | ||
Ferguson PLC | 2,366 | $181,842 |
Geberit AG | 157 | 67,342 |
Givaudan SA | 79 | 177,090 |
Glencore PLC (B) | 34,047 | 164,459 |
Kuehne + Nagel International AG | 462 | 72,341 |
LafargeHolcim, Ltd. (B) | 4,542 | 254,011 |
Lonza Group AG (B) | 542 | 133,707 |
Nestle SA | 8,415 | 654,396 |
Novartis AG | 6,946 | 538,194 |
Partners Group Holding AG | 125 | 91,739 |
Roche Holding AG | 1,984 | 442,637 |
Roche Holding AG, BR Shares | 167 | 38,228 |
Schindler Holding AG | 190 | 38,215 |
Schindler Holding AG, Participation Certificates | 390 | 81,002 |
SGS SA | 39 | 95,225 |
Sika AG | 17 | 124,164 |
STMicroelectronics NV | 4,559 | 99,808 |
Swiss Re AG | 3,669 | 350,851 |
Swisscom AG (A) | 453 | 218,286 |
The Swatch Group AG | 408 | 36,538 |
The Swatch Group AG, BR Shares | 272 | 131,480 |
UBS Group AG (B) | 10,284 | 174,222 |
Zurich Insurance Group AG | 632 | 202,771 |
United Arab Emirates - 0.0% | 16,955 | |
NMC Health PLC | 345 | 16,955 |
United Kingdom - 16.3% | 10,989,494 | |
3i Group PLC | 14,140 | 183,383 |
Admiral Group PLC | 1,670 | 45,842 |
Anglo American PLC (A) | 11,598 | 273,068 |
Ashtead Group PLC | 4,875 | 136,507 |
Associated British Foods PLC | 1,157 | 43,091 |
AstraZeneca PLC | 3,855 | 270,953 |
Aviva PLC | 35,905 | 261,610 |
BAE Systems PLC | 28,537 | 240,156 |
Barclays PLC | 54,581 | 155,805 |
Barratt Developments PLC | 9,126 | 70,139 |
BP PLC | 96,685 | 716,450 |
British American Tobacco PLC | 5,003 | 275,566 |
BT Group PLC | 20,168 | 69,293 |
Bunzl PLC | 3,229 | 93,886 |
Burberry Group PLC | 4,490 | 112,771 |
Centrica PLC | 59,486 | 126,013 |
CNH Industrial NV | 10,018 | 123,942 |
Coca-Cola European Partners PLC | 1,511 | 59,770 |
Compass Group PLC | 6,561 | 140,974 |
Croda International PLC | 557 | 34,224 |
Diageo PLC | 8,898 | 317,299 |
Direct Line Insurance Group PLC | 8,921 | 45,992 |
easyJet PLC | 553 | 12,111 |
Experian PLC | 11,696 | 268,545 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 35 |
Shares or Principal Amount | Value | |
United Kingdom (continued) | ||
Fiat Chrysler Automobiles NV (B) | 4,766 | $106,931 |
GKN PLC | 24,515 | 156,876 |
GlaxoSmithKline PLC | 15,395 | 309,880 |
Hargreaves Lansdown PLC | 2,551 | 62,876 |
HSBC Holdings PLC | 60,187 | 601,346 |
Imperial Brands PLC | 3,768 | 135,170 |
Informa PLC | 2,563 | 26,088 |
InterContinental Hotels Group PLC | 952 | 60,173 |
International Consolidated Airlines Group SA | 15,742 | 136,408 |
Intertek Group PLC | 1,456 | 98,286 |
ITV PLC | 38,553 | 80,528 |
J Sainsbury PLC | 6,807 | 28,971 |
Johnson Matthey PLC | 2,812 | 127,580 |
Just Eat PLC (B) | 1,010 | 10,765 |
Kingfisher PLC | 28,515 | 119,318 |
Land Securities Group PLC | 3,099 | 42,189 |
Legal & General Group PLC | 56,692 | 210,829 |
Lloyds Banking Group PLC | 200,808 | 178,838 |
London Stock Exchange Group PLC | 2,764 | 163,701 |
Melrose Industries PLC (B) | 250 | 794 |
National Grid PLC | 13,704 | 159,080 |
Next PLC | 1,580 | 114,382 |
Old Mutual PLC | 87,771 | 304,163 |
Pearson PLC (A) | 3,347 | 38,438 |
Persimmon PLC | 2,546 | 95,208 |
Prudential PLC | 4,150 | 107,146 |
Reckitt Benckiser Group PLC | 2,394 | 188,016 |
RELX NV | 3,934 | 83,725 |
RELX PLC | 4,367 | 93,501 |
Rentokil Initial PLC | 10,090 | 42,665 |
Rio Tinto PLC | 4,823 | 262,131 |
Rio Tinto, Ltd. | 1,788 | 107,785 |
Rolls-Royce Holdings PLC (B) | 21,770 | 251,873 |
Rolls-Royce Holdings PLC, C Shares Entitlement (B) | 1,545,670 | 2,129 |
Royal Mail PLC | 3,855 | 30,860 |
RSA Insurance Group PLC | 6,670 | 60,395 |
Schroders PLC | 1,169 | 53,150 |
Schroders PLC, Non-Voting Shares | 455 | 14,790 |
Segro PLC | 1,560 | 13,885 |
Sky PLC | 4,104 | 77,893 |
Smith & Nephew PLC | 8,123 | 156,187 |
Smiths Group PLC | 3,614 | 79,519 |
SSE PLC | 7,914 | 150,534 |
St. James's Place PLC | 4,639 | 72,617 |
Standard Chartered PLC | 9,215 | 97,350 |
Standard Life Aberdeen PLC | 23,755 | 119,522 |
Taylor Wimpey PLC | 29,031 | 76,673 |
Tesco PLC | 96,998 | 315,163 |
The British Land Company PLC | 3,730 | 34,545 |
The Royal Bank of Scotland Group PLC (B) | 10,657 | 39,661 |
Shares or Principal Amount | Value | |
United Kingdom (continued) | ||
The Sage Group PLC | 10,369 | $90,718 |
Unilever NV | 2,987 | 171,242 |
Unilever PLC | 4,381 | 246,043 |
Vodafone Group PLC | 97,913 | 285,365 |
Whitbread PLC | 1,882 | 110,971 |
Wm Morrison Supermarkets PLC | 19,299 | 64,620 |
WPP PLC | 2,480 | 42,612 |
United States - 0.0% | 19,914 | |
Carnival PLC | 306 | 19,914 |
PREFERRED SECURITIES - 0.6% | $440,325 | |
(Cost $378,006) | ||
Germany - 0.6% | 440,325 | |
Bayerische Motoren Werke AG | 711 | 68,894 |
Henkel AG & Company KGaA | 267 | 34,001 |
Porsche Automobil Holding SE | 1,088 | 93,068 |
RWE AG | 480 | 9,755 |
Volkswagen AG | 1,130 | 234,607 |
SECURITIES LENDING COLLATERAL - 5.1% | $3,394,758 | |
(Cost $3,394,479) | ||
John Hancock Collateral Trust, 1.8834% (D)(E) | 339,360 | 3,394,758 |
SHORT-TERM INVESTMENTS - 0.0% | $6,622 | |
(Cost $6,622) | ||
Money market funds - 0.0% | 6,622 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (D) | 6,622 | 6,622 |
Total investments (Multifactor Developed International ETF) (Cost $66,242,780) - 104.3% | $70,377,085 | |
Other assets and liabilities, net - (4.3%) | (2,874,931) | |
Total net assets - 100.0% | $67,502,154 |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 4-30-18. |
(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) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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% | $37,002,390 | |
(Cost $34,333,858) | ||
Energy – 97.6% | 36,157,177 | |
Energy equipment and services – 13.5% | ||
Baker Hughes, a GE Company | 6,131 | 221,390 |
36 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Energy equipment and services (continued) | ||
Core Laboratories NV | 2,379 | $291,309 |
Halliburton Company | 28,322 | 1,500,783 |
Helmerich & Payne, Inc. | 5,761 | 400,678 |
National Oilwell Varco, Inc. | 19,683 | 761,142 |
Patterson-UTI Energy, Inc. | 5,181 | 110,977 |
RPC, Inc. (A) | 3,535 | 63,665 |
Schlumberger, Ltd. | 13,121 | 899,576 |
TechnipFMC PLC | 22,763 | 750,268 |
Oil, gas and consumable fuels – 84.1% | ||
Anadarko Petroleum Corp. | 14,018 | 943,692 |
Andeavor | 12,601 | 1,742,970 |
Antero Resources Corp. (A)(B) | 17,366 | 329,954 |
Apache Corp. | 20,268 | 829,975 |
Cabot Oil & Gas Corp. | 15,603 | 373,068 |
Centennial Resource Development, Inc., Class A (A)(B) | 5,848 | 108,188 |
Cheniere Energy Partners LP Holdings LLC | 1,371 | 38,251 |
Cheniere Energy, Inc. (B) | 8,613 | 500,932 |
Chevron Corp. | 17,335 | 2,168,782 |
Cimarex Energy Company | 4,265 | 429,016 |
Concho Resources, Inc. (A)(B) | 7,755 | 1,219,164 |
ConocoPhillips | 13,782 | 902,721 |
Continental Resources, Inc. (A)(B) | 4,921 | 325,081 |
Devon Energy Corp. | 22,338 | 811,540 |
Diamondback Energy, Inc. (B) | 5,865 | 753,359 |
Energen Corp. (B) | 6,268 | 410,178 |
EOG Resources, Inc. | 10,046 | 1,187,136 |
EQT Corp. | 15,844 | 795,210 |
Exxon Mobil Corp. | 25,607 | 1,990,944 |
Hess Corp. | 14,525 | 827,780 |
HollyFrontier Corp. | 17,137 | 1,040,045 |
Kinder Morgan, Inc. | 73,905 | 1,169,177 |
Marathon Oil Corp. | 60,054 | 1,095,986 |
Marathon Petroleum Corp. | 15,311 | 1,146,947 |
Murphy Oil Corp. | 13,473 | 405,672 |
Newfield Exploration Company (B) | 8,968 | 267,246 |
Noble Energy, Inc. | 34,253 | 1,158,779 |
Occidental Petroleum Corp. | 22,800 | 1,761,528 |
Parsley Energy, Inc., Class A (B) | 9,179 | 275,645 |
Phillips 66 | 7,222 | 803,881 |
Pioneer Natural Resources Company | 6,865 | 1,383,641 |
RSP Permian, Inc. (B) | 5,556 | 275,633 |
Tallgrass Energy GP LP | 2,228 | 45,585 |
Targa Resources Corp. | 10,985 | 515,965 |
The Williams Companies, Inc. | 39,450 | 1,015,049 |
Valero Energy Corp. | 15,469 | 1,715,976 |
WPX Energy, Inc. (B) | 22,978 | 392,693 |
Shares or Principal Amount | Value | |
Information technology – 0.8% | $302,431 | |
Semiconductors and semiconductor equipment – 0.8% | ||
First Solar, Inc. (B) | 4,265 | 302,431 |
Utilities – 1.5% | 542,782 | |
Electric utilities – 1.5% | ||
OGE Energy Corp. | 16,513 | 542,782 |
SECURITIES LENDING COLLATERAL – 4.7% | $1,754,163 | |
(Cost $1,754,119) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 175,357 | 1,754,163 |
SHORT-TERM INVESTMENTS – 0.2% | $53,187 | |
(Cost $53,187) | ||
Money market funds – 0.2% | 53,187 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 53,187 | 53,187 |
Total investments (Multifactor Energy ETF) (Cost $36,141,164) 104.8% | $38,809,740 | |
Other assets and liabilities, net (4.8%) | (1,774,090) | |
Total net assets 100.0% | $37,035,650 |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 4-30-18. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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 – 100.0% | $68,505,358 | |
(Cost $59,360,422) | ||
Consumer discretionary – 0.5% | 323,044 | |
Media – 0.5% | ||
GCI Liberty, Inc., Class A (A) | 2,130 | 94,998 |
Liberty Broadband Corp., Series A (A) | 537 | 37,848 |
Liberty Broadband Corp., Series C (A) | 2,683 | 190,198 |
Financials – 91.4% | 62,655,676 | |
Banks – 34.3% | ||
Bank of America Corp. | 87,992 | 2,632,721 |
Bank of the Ozarks | 3,013 | 141,008 |
BankUnited, Inc. | 3,422 | 135,545 |
BB&T Corp. | 12,509 | 660,475 |
BOK Financial Corp. | 713 | 71,785 |
Chemical Financial Corp. | 1,563 | 85,793 |
CIT Group, Inc. | 5,317 | 281,535 |
Citigroup, Inc. | 30,776 | 2,101,078 |
Citizens Financial Group, Inc. | 17,684 | 733,709 |
Comerica, Inc. | 5,121 | 484,344 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 37 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
Commerce Bancshares, Inc. | 3,759 | $238,772 |
Cullen/Frost Bankers, Inc. | 1,873 | 214,365 |
East West Bancorp, Inc. | 4,748 | 316,312 |
Fifth Third Bancorp | 30,087 | 997,986 |
First Citizens BancShares, Inc., Class A | 292 | 126,229 |
First Hawaiian, Inc. | 1,323 | 36,449 |
First Horizon National Corp. | 8,037 | 147,077 |
First Republic Bank | 4,261 | 395,719 |
FNB Corp. | 4,402 | 57,226 |
Hancock Holding Company | 2,573 | 125,691 |
Home BancShares, Inc. | 2,871 | 66,722 |
Huntington Bancshares, Inc. | 34,612 | 516,065 |
IBERIABANK Corp. | 1,554 | 116,472 |
Investors Bancorp, Inc. | 8,080 | 108,030 |
JPMorgan Chase & Co. | 24,454 | 2,660,105 |
KeyCorp | 34,093 | 679,133 |
M&T Bank Corp. | 3,894 | 709,759 |
PacWest Bancorp | 3,557 | 182,261 |
People's United Financial, Inc. | 10,689 | 195,502 |
Pinnacle Financial Partners, Inc. | 912 | 58,414 |
Popular, Inc. | 3,051 | 141,231 |
Prosperity Bancshares, Inc. | 2,430 | 174,401 |
Regions Financial Corp. | 46,209 | 864,108 |
Signature Bank (A) | 1,685 | 214,248 |
SunTrust Banks, Inc. | 9,891 | 660,719 |
SVB Financial Group (A) | 1,639 | 491,061 |
Synovus Financial Corp. | 3,787 | 197,946 |
Texas Capital Bancshares, Inc. (A) | 1,348 | 132,980 |
The PNC Financial Services Group, Inc. | 4,959 | 722,080 |
U.S. Bancorp | 18,456 | 931,105 |
UMB Financial Corp. | 700 | 53,606 |
Umpqua Holdings Corp. | 6,699 | 157,828 |
United Bankshares, Inc. (B) | 1,180 | 40,061 |
Valley National Bancorp | 6,175 | 77,496 |
Webster Financial Corp. | 2,985 | 179,667 |
Wells Fargo & Company | 47,463 | 2,466,177 |
Western Alliance Bancorp (A) | 3,654 | 215,513 |
Wintrust Financial Corp. | 1,543 | 138,021 |
Zions Bancorporation | 6,715 | 367,646 |
Capital markets – 21.6% | ||
Affiliated Managers Group, Inc. | 1,732 | 285,538 |
Ameriprise Financial, Inc. | 4,910 | 688,431 |
BGC Partners, Inc., Class A | 6,267 | 83,727 |
BlackRock, Inc. | 1,122 | 585,123 |
Cboe Global Markets, Inc. | 2,537 | 270,901 |
CME Group, Inc. | 4,085 | 644,123 |
E*TRADE Financial Corp. (A) | 8,836 | 536,168 |
Eaton Vance Corp. | 4,303 | 234,040 |
Evercore, Inc., Class A | 1,017 | 102,971 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
FactSet Research Systems, Inc. | 1,511 | $285,745 |
Franklin Resources, Inc. | 10,598 | 356,517 |
Interactive Brokers Group, Inc., Class A | 1,672 | 124,062 |
Intercontinental Exchange, Inc. | 8,250 | 597,795 |
Invesco, Ltd. | 14,667 | 424,903 |
Janus Henderson Group PLC | 4,781 | 151,032 |
Lazard, Ltd., Class A | 3,457 | 188,130 |
LPL Financial Holdings, Inc. | 2,221 | 134,526 |
MarketAxess Holdings, Inc. (B) | 1,186 | 235,575 |
Moody's Corp. | 2,461 | 399,174 |
Morgan Stanley | 16,827 | 868,610 |
Morningstar, Inc. | 741 | 80,458 |
MSCI, Inc. | 3,246 | 486,348 |
Nasdaq, Inc. | 3,381 | 298,610 |
Northern Trust Corp. | 7,089 | 756,751 |
Raymond James Financial, Inc. | 4,259 | 382,245 |
S&P Global, Inc. | 4,237 | 799,098 |
SEI Investments Company | 4,901 | 309,890 |
State Street Corp. | 5,147 | 513,568 |
Stifel Financial Corp. | 1,653 | 96,337 |
T. Rowe Price Group, Inc. | 7,442 | 847,048 |
TD Ameritrade Holding Corp. | 5,069 | 294,458 |
The Bank of New York Mellon Corp. | 17,861 | 973,603 |
The Charles Schwab Corp. | 12,763 | 710,644 |
The Goldman Sachs Group, Inc. | 4,468 | 1,064,858 |
Virtu Financial, Inc., Class A (B) | 683 | 24,588 |
Consumer finance – 6.8% | ||
Ally Financial, Inc. | 23,730 | 619,353 |
American Express Company | 8,152 | 805,010 |
Capital One Financial Corp. | 11,700 | 1,060,254 |
Credit Acceptance Corp. (A) | 232 | 76,755 |
Discover Financial Services | 12,400 | 883,500 |
OneMain Holdings, Inc. (A) | 3,329 | 102,700 |
Santander Consumer USA Holdings, Inc. | 6,744 | 124,427 |
SLM Corp. (A) | 11,199 | 128,565 |
Synchrony Financial | 26,788 | 888,558 |
Diversified financial services – 4.7% | ||
Berkshire Hathaway, Inc., Class B (A) | 13,604 | 2,635,503 |
Leucadia National Corp. | 9,357 | 224,942 |
Voya Financial, Inc. | 6,295 | 329,543 |
Insurance – 23.2% | ||
Aflac, Inc. | 14,673 | 668,649 |
Alleghany Corp. | 482 | 276,991 |
American Financial Group, Inc. | 2,519 | 285,201 |
American International Group, Inc. | 10,123 | 566,888 |
Aon PLC | 4,140 | 589,826 |
Arch Capital Group, Ltd. (A) | 3,294 | 263,948 |
Arthur J. Gallagher & Company | 4,988 | 349,110 |
Assurant, Inc. | 2,586 | 240,033 |
38 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Insurance (continued) | ||
Assured Guaranty, Ltd. | 6,260 | $227,175 |
Athene Holding, Ltd., Class A (A) | 2,151 | 105,399 |
Axis Capital Holdings, Ltd. | 3,218 | 188,897 |
Brighthouse Financial, Inc. (A) | 2,384 | 121,060 |
Brown & Brown, Inc. | 8,500 | 231,455 |
Chubb, Ltd. | 3,978 | 539,694 |
Cincinnati Financial Corp. | 4,172 | 293,458 |
CNA Financial Corp. | 1,076 | 54,295 |
Enstar Group, Ltd. (A) | 324 | 68,089 |
Erie Indemnity Company, Class A | 908 | 106,027 |
Everest Re Group, Ltd. | 1,413 | 328,763 |
First American Financial Corp. | 3,601 | 184,047 |
FNF Group | 9,041 | 332,980 |
Lincoln National Corp. | 7,413 | 523,654 |
Loews Corp. | 9,082 | 476,442 |
Markel Corp. (A) | 303 | 342,402 |
Marsh & McLennan Companies, Inc. | 8,099 | 660,069 |
MetLife, Inc. | 11,434 | 545,059 |
Old Republic International Corp. | 9,628 | 196,411 |
Primerica, Inc. | 1,254 | 121,325 |
Principal Financial Group, Inc. | 8,991 | 532,447 |
Prudential Financial, Inc. | 7,045 | 749,024 |
Reinsurance Group of America, Inc. | 2,548 | 380,671 |
RenaissanceRe Holdings, Ltd. | 1,357 | 184,606 |
The Allstate Corp. | 6,615 | 647,079 |
The Hanover Insurance Group, Inc. | 1,462 | 167,911 |
The Hartford Financial Services Group, Inc. | 14,390 | 774,758 |
The Progressive Corp. | 9,113 | 549,423 |
The Travelers Companies, Inc. | 6,608 | 869,613 |
Torchmark Corp. | 3,494 | 303,070 |
Unum Group | 9,300 | 449,934 |
Validus Holdings, Ltd. | 3,192 | 216,322 |
W.R. Berkley Corp. | 3,577 | 266,701 |
Willis Towers Watson PLC | 3,081 | 457,559 |
XL Group, Ltd. | 8,575 | 476,684 |
Thrifts and mortgage finance – 0.8% | ||
Essent Group, Ltd. (A) | 2,392 | 78,840 |
LendingTree, Inc. (A)(B) | 172 | 41,005 |
MGIC Investment Corp. (A) | 13,720 | 137,474 |
New York Community Bancorp, Inc. (B) | 13,937 | 165,572 |
Radian Group, Inc. | 5,800 | 82,940 |
TFS Financial Corp. | 1,329 | 19,815 |
Industrials – 1.2% | 803,439 | |
Professional services – 1.2% | ||
Equifax, Inc. | 3,856 | 432,065 |
IHS Markit, Ltd. (A) | 7,559 | 371,374 |
Shares or Principal Amount | Value | |
Information technology – 6.9% | $4,723,199 | |
Internet software and services – 0.2% | ||
Zillow Group, Inc., Class A (A) | 830 | 40,147 |
Zillow Group, Inc., Class C (A)(B) | 1,821 | 88,300 |
IT services – 6.7% | ||
Black Knight, Inc. (A) | 3,106 | 151,107 |
Mastercard, Inc., Class A | 9,884 | 1,762,021 |
The Western Union Company | 14,449 | 285,368 |
Visa, Inc., Class A | 18,886 | 2,396,256 |
SECURITIES LENDING COLLATERAL – 0.8% | $547,788 | |
(Cost $547,775) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 54,760 | 547,788 |
SHORT-TERM INVESTMENTS – 0.1% | $90,003 | |
(Cost $90,003) | ||
Money market funds – 0.1% | 90,003 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 90,003 | 90,003 |
Total investments (Multifactor Financials ETF) (Cost $59,998,200) 100.9% | $69,143,149 | |
Other assets and liabilities, net (0.9%) | (591,093) | |
Total net assets 100.0% | $68,552,056 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 4-30-18. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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 – 100.0% | $41,100,161 | |
(Cost $39,079,900) | ||
Health care – 100.0% | 41,100,161 | |
Biotechnology – 19.6% | ||
AbbVie, Inc. | 13,472 | 1,300,722 |
Agios Pharmaceuticals, Inc. (A) | 664 | 55,716 |
Alexion Pharmaceuticals, Inc. (A) | 5,317 | 625,439 |
Alkermes PLC (A) | 2,624 | 116,164 |
Alnylam Pharmaceuticals, Inc. (A) | 1,474 | 139,337 |
Amgen, Inc. | 8,502 | 1,483,429 |
Avexis, Inc. (A) | 374 | 79,535 |
Biogen, Inc. (A) | 2,472 | 676,339 |
BioMarin Pharmaceutical, Inc. (A) | 2,770 | 231,323 |
Bluebird Bio, Inc. (A) | 838 | 142,586 |
Celgene Corp. (A) | 6,570 | 572,247 |
Dyax Corp. (A)(B) | 702 | 2,773 |
Exact Sciences Corp. (A) | 1,656 | 82,817 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 39 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Biotechnology (continued) | ||
Exelixis, Inc. (A) | 7,114 | $148,113 |
FibroGen, Inc. (A) | 1,086 | 49,359 |
Gilead Sciences, Inc. | 15,322 | 1,106,708 |
Incyte Corp. (A) | 1,595 | 98,794 |
Ionis Pharmaceuticals, Inc. (A) | 1,757 | 75,604 |
Neurocrine Biosciences, Inc. (A) | 1,250 | 101,350 |
Regeneron Pharmaceuticals, Inc. (A) | 600 | 182,208 |
Sage Therapeutics, Inc. (A) | 587 | 84,481 |
Sarepta Therapeutics, Inc. (A) | 947 | 72,313 |
Seattle Genetics, Inc. (A) | 1,619 | 82,877 |
United Therapeutics Corp. (A) | 1,684 | 185,425 |
Vertex Pharmaceuticals, Inc. (A) | 2,377 | 364,061 |
Health care equipment and supplies – 22.9% | ||
Abbott Laboratories | 13,769 | 800,392 |
ABIOMED, Inc. (A) | 707 | 212,772 |
Align Technology, Inc. (A) | 1,495 | 373,526 |
Baxter International, Inc. | 6,349 | 441,256 |
Becton, Dickinson and Company | 2,183 | 506,172 |
Boston Scientific Corp. (A) | 17,318 | 497,373 |
Cantel Medical Corp. | 803 | 89,992 |
DENTSPLY SIRONA, Inc. | 5,905 | 297,258 |
DexCom, Inc. (A) | 1,197 | 87,596 |
Edwards Lifesciences Corp. (A) | 4,700 | 598,592 |
Globus Medical, Inc., Class A (A) | 1,552 | 79,447 |
Hill-Rom Holdings, Inc. | 2,523 | 216,549 |
Hologic, Inc. (A) | 10,485 | 406,713 |
ICU Medical, Inc. (A) | 286 | 71,986 |
IDEXX Laboratories, Inc. (A) | 1,936 | 376,533 |
Insulet Corp. (A) | 740 | 63,640 |
Integra LifeSciences Holdings Corp. (A) | 1,414 | 87,145 |
Intuitive Surgical, Inc. (A) | 1,044 | 460,174 |
LivaNova PLC (A) | 948 | 84,163 |
Masimo Corp. (A) | 834 | 74,835 |
Medtronic PLC | 11,652 | 933,675 |
ResMed, Inc. | 3,362 | 318,180 |
STERIS PLC | 2,159 | 204,069 |
Stryker Corp. | 2,909 | 492,843 |
Teleflex, Inc. | 1,150 | 308,062 |
The Cooper Companies, Inc. | 1,317 | 301,211 |
Varian Medical Systems, Inc. (A) | 2,447 | 282,849 |
West Pharmaceutical Services, Inc. | 1,741 | 153,574 |
Zimmer Biomet Holdings, Inc. | 5,114 | 588,979 |
Health care providers and services – 28.4% | ||
Aetna, Inc. | 3,174 | 568,305 |
AmerisourceBergen Corp. | 4,926 | 446,197 |
Anthem, Inc. | 2,763 | 652,040 |
Cardinal Health, Inc. | 13,329 | 855,322 |
Centene Corp. (A) | 5,249 | 569,936 |
Chemed Corp. | 346 | 106,644 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care providers and services (continued) | ||
Cigna Corp. | 3,540 | $608,243 |
DaVita, Inc. (A) | 6,482 | 407,005 |
Encompass Health Corp. | 3,577 | 217,553 |
Envision Healthcare Corp. (A) | 3,827 | 142,250 |
Express Scripts Holding Company (A) | 11,964 | 905,675 |
HCA Healthcare, Inc. | 3,172 | 303,687 |
Henry Schein, Inc. (A) | 4,343 | 330,068 |
Humana, Inc. | 2,671 | 785,755 |
Laboratory Corp. of America Holdings (A) | 3,590 | 612,993 |
McKesson Corp. | 3,650 | 570,167 |
MEDNAX, Inc. (A) | 2,830 | 129,925 |
Molina Healthcare, Inc. (A) | 991 | 82,501 |
Quest Diagnostics, Inc. | 5,202 | 526,442 |
UnitedHealth Group, Inc. | 9,189 | 2,172,280 |
Universal Health Services, Inc., Class B | 3,435 | 392,277 |
WellCare Health Plans, Inc. (A) | 1,365 | 280,043 |
Life sciences tools and services – 5.8% | ||
Bio-Rad Laboratories, Inc., Class A (A) | 561 | 142,331 |
Bio-Techne Corp. | 884 | 133,404 |
Bruker Corp. | 2,927 | 86,434 |
Charles River Laboratories International, Inc. (A) | 1,486 | 154,826 |
Illumina, Inc. (A) | 1,414 | 340,675 |
IQVIA Holdings, Inc. (A) | 3,746 | 358,717 |
PRA Health Sciences, Inc. (A) | 1,180 | 96,961 |
Syneos Health, Inc. (A) | 1,818 | 69,266 |
Thermo Fisher Scientific, Inc. | 3,203 | 673,751 |
Waters Corp. (A) | 1,789 | 337,065 |
Pharmaceuticals – 23.3% | ||
Allergan PLC | 2,967 | 455,880 |
Bristol-Myers Squibb Company | 12,449 | 648,966 |
Catalent, Inc. (A) | 3,560 | 146,352 |
Eli Lilly & Company | 7,745 | 627,887 |
Jazz Pharmaceuticals PLC (A) | 1,880 | 285,835 |
Johnson & Johnson | 19,219 | 2,431,011 |
Merck & Company, Inc. | 22,110 | 1,301,616 |
Mylan NV (A) | 14,201 | 550,429 |
Nektar Therapeutics (A) | 2,047 | 171,252 |
Perrigo Company PLC | 3,175 | 248,095 |
Pfizer, Inc. | 58,723 | 2,149,849 |
Zoetis, Inc. | 6,648 | 554,975 |
40 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.1% | $58,628 | |
(Cost $58,628) | ||
Money market funds – 0.1% | $58,628 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 58,628 | 58,628 |
Total investments (Multifactor Healthcare ETF) (Cost $39,138,528) 100.1% | $41,158,789 | |
Other assets and liabilities, net (0.1%) | (50,642) | |
Total net assets 100.0% | $41,108,147 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 100.0% | $31,712,816 | |
(Cost $27,926,022) | ||
Consumer discretionary – 0.0% | 7,449 | |
Specialty retail – 0.0% | ||
Floor & Decor Holdings, Inc., Class A (A) | 134 | 7,449 |
Health care – 2.8% | 898,095 | |
Health care equipment and supplies – 0.9% | ||
Danaher Corp. | 2,861 | 287,016 |
Life sciences tools and services – 1.9% | ||
Agilent Technologies, Inc. | 3,884 | 255,333 |
Mettler-Toledo International, Inc. (A) | 402 | 225,092 |
PerkinElmer, Inc. | 1,781 | 130,654 |
Industrials – 72.3% | 22,925,413 | |
Aerospace and defense – 13.8% | ||
BWX Technologies, Inc. | 1,163 | 78,851 |
Curtiss-Wright Corp. | 586 | 75,031 |
General Dynamics Corp. | 1,271 | 255,865 |
HEICO Corp. | 377 | 33,119 |
HEICO Corp., Class A | 717 | 51,732 |
Hexcel Corp. | 1,420 | 94,387 |
Huntington Ingalls Industries, Inc. | 732 | 178,030 |
L3 Technologies, Inc. | 1,139 | 223,107 |
Lockheed Martin Corp. | 1,033 | 331,428 |
Northrop Grumman Corp. | 923 | 297,243 |
Orbital ATK, Inc. | 963 | 127,482 |
Raytheon Company | 1,628 | 333,642 |
Rockwell Collins, Inc. | 2,299 | 304,709 |
Spirit AeroSystems Holdings, Inc., Class A | 2,120 | 170,384 |
Teledyne Technologies, Inc. (A) | 494 | 92,422 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Aerospace and defense (continued) | ||
Textron, Inc. | 4,312 | $267,948 |
The Boeing Company | 2,335 | 778,863 |
TransDigm Group, Inc. | 600 | 192,342 |
United Technologies Corp. | 4,033 | 484,565 |
Air freight and logistics – 4.1% | ||
C.H. Robinson Worldwide, Inc. | 2,174 | 200,073 |
Expeditors International of Washington, Inc. | 2,673 | 170,698 |
FedEx Corp. | 1,614 | 398,981 |
United Parcel Service, Inc., Class B | 3,276 | 371,826 |
XPO Logistics, Inc. (A) | 1,616 | 157,011 |
Airlines – 5.4% | ||
Alaska Air Group, Inc. | 2,485 | 161,351 |
American Airlines Group, Inc. | 6,763 | 290,336 |
Copa Holdings SA, Class A | 446 | 52,258 |
Delta Air Lines, Inc. | 7,636 | 398,752 |
JetBlue Airways Corp. (A) | 5,601 | 107,483 |
Southwest Airlines Company | 5,621 | 296,957 |
United Continental Holdings, Inc. (A) | 6,191 | 418,140 |
Building products – 3.0% | ||
Allegion PLC | 1,280 | 98,790 |
AO Smith Corp. | 1,937 | 118,835 |
Fortune Brands Home & Security, Inc. | 2,171 | 118,732 |
Johnson Controls International PLC | 6,215 | 210,502 |
Lennox International, Inc. | 564 | 109,061 |
Masco Corp. | 3,447 | 130,538 |
Owens Corning | 1,847 | 120,960 |
USG Corp. (A) | 1,401 | 56,362 |
Commercial services and supplies – 3.9% | ||
ADT, Inc. | 607 | 5,408 |
Cimpress NV (A) | 117 | 16,826 |
Cintas Corp. | 1,314 | 223,774 |
Copart, Inc. (A) | 3,455 | 176,481 |
KAR Auction Services, Inc. | 2,196 | 114,170 |
Republic Services, Inc. | 3,988 | 257,944 |
Rollins, Inc. | 1,380 | 66,958 |
Stericycle, Inc. (A) | 1,050 | 61,646 |
The Brink's Company | 240 | 17,712 |
Waste Management, Inc. | 3,613 | 293,701 |
Construction and engineering – 1.6% | ||
AECOM (A) | 2,150 | 74,046 |
EMCOR Group, Inc. | 854 | 62,846 |
Fluor Corp. | 2,437 | 143,661 |
Jacobs Engineering Group, Inc. | 1,813 | 105,317 |
MasTec, Inc. (A) | 418 | 18,392 |
Quanta Services, Inc. (A) | 2,757 | 89,603 |
Electrical equipment – 4.4% | ||
Acuity Brands, Inc. | 539 | 64,556 |
AMETEK, Inc. | 3,209 | 223,988 |
Eaton Corp. PLC | 3,515 | 263,730 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 41 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Electrical equipment (continued) | ||
Emerson Electric Company | 4,935 | $327,733 |
Hubbell, Inc. | 743 | 77,168 |
Rockwell Automation, Inc. | 1,934 | 318,201 |
Sensata Technologies Holding PLC (A) | 2,630 | 133,394 |
Industrial conglomerates – 6.3% | ||
3M Company | 2,784 | 541,182 |
Carlisle Companies, Inc. | 1,127 | 121,412 |
General Electric Company | 36,859 | 518,606 |
Honeywell International, Inc. | 3,430 | 496,252 |
Roper Technologies, Inc. | 1,247 | 329,445 |
Machinery – 16.7% | ||
AGCO Corp. | 1,327 | 83,176 |
Allison Transmission Holdings, Inc. | 2,294 | 89,443 |
Caterpillar, Inc. | 3,057 | 441,309 |
Colfax Corp. (A) | 1,077 | 33,398 |
Crane Company | 576 | 48,177 |
Cummins, Inc. | 1,876 | 299,897 |
Deere & Company | 2,615 | 353,888 |
Donaldson Company, Inc. | 2,199 | 97,328 |
Dover Corp. | 2,652 | 245,840 |
Flowserve Corp. | 2,228 | 98,945 |
Fortive Corp. | 3,777 | 265,561 |
Gardner Denver Holdings, Inc. (A) | 452 | 14,297 |
Gates Industrial Corp. PLC (A) | 238 | 3,727 |
Graco, Inc. | 2,781 | 122,336 |
IDEX Corp. | 1,111 | 148,496 |
Illinois Tool Works, Inc. | 2,172 | 308,467 |
Ingersoll-Rand PLC | 4,077 | 342,020 |
ITT, Inc. | 1,462 | 71,477 |
Lincoln Electric Holdings, Inc. | 981 | 81,295 |
Nordson Corp. | 778 | 100,051 |
Oshkosh Corp. | 1,077 | 77,716 |
PACCAR, Inc. | 5,866 | 373,488 |
Parker-Hannifin Corp. | 1,901 | 312,943 |
Pentair PLC | 2,604 | 175,197 |
Snap-on, Inc. | 878 | 127,530 |
Stanley Black & Decker, Inc. | 2,138 | 302,719 |
The Middleby Corp. (A) | 714 | 89,850 |
The Toro Company | 1,444 | 84,315 |
Trinity Industries, Inc. | 1,631 | 51,980 |
WABCO Holdings, Inc. (A) | 831 | 107,191 |
Wabtec Corp. | 1,322 | 117,407 |
Woodward, Inc. | 735 | 52,876 |
Xylem, Inc. | 2,536 | 184,874 |
Marine – 0.2% | ||
Kirby Corp. (A) | 541 | 46,147 |
Professional services – 3.0% | ||
ASGN, Inc. (A) | 233 | 18,787 |
CoStar Group, Inc. (A) | 351 | 128,698 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Professional services (continued) | ||
ManpowerGroup, Inc. | 1,257 | $120,320 |
Nielsen Holdings PLC | 4,742 | 149,136 |
Robert Half International, Inc. | 1,932 | 117,369 |
The Dun & Bradstreet Corp. | 552 | 63,651 |
TransUnion (A) | 1,756 | 113,982 |
Verisk Analytics, Inc. (A) | 2,278 | 242,493 |
Road and rail – 6.7% | ||
AMERCO | 124 | 41,852 |
CSX Corp. | 6,950 | 412,761 |
Genesee & Wyoming, Inc., Class A (A) | 825 | 58,740 |
J.B. Hunt Transport Services, Inc. | 1,461 | 171,565 |
Kansas City Southern | 1,704 | 181,698 |
Landstar System, Inc. | 464 | 47,166 |
Norfolk Southern Corp. | 2,540 | 364,414 |
Old Dominion Freight Line, Inc. | 1,003 | 134,262 |
Ryder System, Inc. | 1,285 | 86,648 |
Schneider National, Inc., Class B | 605 | 16,141 |
Union Pacific Corp. | 4,474 | 597,861 |
Trading companies and distributors – 3.2% | ||
Air Lease Corp. | 1,597 | 66,579 |
Fastenal Company | 4,210 | 210,458 |
HD Supply Holdings, Inc. (A) | 2,693 | 104,246 |
MSC Industrial Direct Company, Inc., Class A | 783 | 67,683 |
United Rentals, Inc. (A) | 1,610 | 241,500 |
W.W. Grainger, Inc. | 879 | 247,307 |
Watsco, Inc. | 381 | 63,787 |
Information technology – 18.3% | 5,809,446 | |
Electronic equipment, instruments and components – 5.8% | ||
Amphenol Corp., Class A | 4,206 | 352,084 |
Arrow Electronics, Inc. (A) | 1,643 | 122,798 |
Avnet, Inc. | 2,284 | 89,601 |
Cognex Corp. | 1,645 | 76,081 |
Coherent, Inc. (A) | 253 | 42,560 |
Flex, Ltd. (A) | 10,618 | 138,034 |
FLIR Systems, Inc. | 2,024 | 108,385 |
IPG Photonics Corp. (A) | 458 | 97,568 |
Jabil, Inc. | 3,639 | 96,797 |
Keysight Technologies, Inc. (A) | 2,343 | 121,086 |
Littelfuse, Inc. | 243 | 45,422 |
National Instruments Corp. | 1,381 | 56,469 |
TE Connectivity, Ltd. | 2,961 | 271,672 |
Trimble, Inc. (A) | 3,113 | 107,710 |
Universal Display Corp. | 299 | 26,327 |
Zebra Technologies Corp., Class A (A) | 693 | 93,437 |
IT services – 12.1% | ||
Accenture PLC, Class A | 2,994 | 452,693 |
Alliance Data Systems Corp. | 865 | 175,638 |
Automatic Data Processing, Inc. | 2,786 | 328,971 |
42 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
Booz Allen Hamilton Holding Corp. | 2,250 | $89,168 |
Broadridge Financial Solutions, Inc. | 1,943 | 208,309 |
Conduent, Inc. (A) | 901 | 17,533 |
CoreLogic, Inc. (A) | 1,136 | 56,232 |
Euronet Worldwide, Inc. (A) | 612 | 47,803 |
Fidelity National Information Services, Inc. | 2,810 | 266,866 |
First Data Corp., Class A (A) | 4,137 | 74,880 |
Fiserv, Inc. (A) | 3,568 | 252,828 |
FleetCor Technologies, Inc. (A) | 1,123 | 232,775 |
Genpact, Ltd. | 2,563 | 81,734 |
Global Payments, Inc. | 1,922 | 217,282 |
Jack Henry & Associates, Inc. | 1,299 | 155,205 |
MAXIMUS, Inc. | 965 | 65,263 |
Paychex, Inc. | 4,334 | 262,510 |
PayPal Holdings, Inc. (A) | 4,582 | 341,863 |
Total System Services, Inc. | 2,528 | 212,504 |
WEX, Inc. (A) | 431 | 69,788 |
Worldpay, Inc., Class A (A) | 2,979 | 241,954 |
Technology hardware, storage and peripherals – 0.4% | ||
Xerox Corp. | 3,549 | 111,616 |
Materials – 6.3% | 1,990,466 | |
Chemicals – 0.7% | ||
The Sherwin-Williams Company | 604 | 222,067 |
Construction materials – 1.4% | ||
Eagle Materials, Inc. | 624 | 61,751 |
Martin Marietta Materials, Inc. | 900 | 175,293 |
Vulcan Materials Company | 1,847 | 206,291 |
Containers and packaging – 4.1% | ||
AptarGroup, Inc. | 1,064 | 99,484 |
Ardagh Group SA | 120 | 2,438 |
Ball Corp. | 4,553 | 182,530 |
Bemis Company, Inc. | 1,807 | 78,189 |
Berry Global Group, Inc. (A) | 2,057 | 113,135 |
Crown Holdings, Inc. (A) | 1,898 | 94,596 |
Graphic Packaging Holding Company | 5,943 | 84,985 |
Owens-Illinois, Inc. (A) | 860 | 17,484 |
Packaging Corp. of America | 1,678 | 194,128 |
Sealed Air Corp. | 2,627 | 115,194 |
Sonoco Products Company | 1,923 | 98,765 |
WestRock Company | 3,395 | 200,848 |
Paper and forest products – 0.1% | ||
Louisiana-Pacific Corp. | 1,528 | 43,288 |
Utilities – 0.3% | 81,947 | |
Multi-utilities – 0.3% | ||
MDU Resources Group, Inc. | 2,909 | 81,947 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.1% | $50,161 | |
(Cost $50,161) | ||
Money market funds – 0.1% | $50,161 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (B) | 50,161 | 50,161 |
Total investments (Multifactor Industrials ETF) (Cost $27,976,183) 100.1% | $31,762,977 | |
Other assets and liabilities, net (0.1%) | (40,587) | |
Total net assets 100.0% | $31,722,390 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 4-30-18. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 100.0% | $401,110,474 | |
(Cost $351,845,281) | ||
Consumer discretionary – 13.4% | 53,617,755 | |
Auto components – 0.7% | ||
Adient PLC (A) | 2,197 | 134,654 |
Aptiv PLC | 9,283 | 785,156 |
Autoliv, Inc. (A) | 3,007 | 403,088 |
BorgWarner, Inc. | 7,088 | 346,887 |
Gentex Corp. | 7,636 | 173,643 |
Lear Corp. | 2,916 | 545,205 |
The Goodyear Tire & Rubber Company | 9,706 | 243,718 |
Automobiles – 0.5% | ||
Ford Motor Company | 60,737 | 682,684 |
General Motors Company | 19,150 | 703,571 |
Harley-Davidson, Inc. | 7,644 | 314,398 |
Tesla, Inc. (A)(B) | 1,062 | 312,122 |
Thor Industries, Inc. | 996 | 105,715 |
Distributors – 0.2% | ||
Genuine Parts Company | 5,265 | 465,005 |
LKQ Corp. (B) | 8,313 | 257,869 |
Pool Corp. | 265 | 36,785 |
Diversified consumer services – 0.1% | ||
Bright Horizons Family Solutions, Inc. (B) | 334 | 31,690 |
H&R Block, Inc. | 901 | 24,913 |
Service Corp. International | 5,794 | 211,539 |
ServiceMaster Global Holdings, Inc. (B) | 3,692 | 186,815 |
Hotels, restaurants and leisure – 2.1% | ||
Aramark | 8,097 | 302,747 |
Caesars Entertainment Corp. (A)(B) | 620 | 7,037 |
Carnival Corp. | 7,549 | 476,040 |
Chipotle Mexican Grill, Inc. (A)(B) | 805 | 340,781 |
Darden Restaurants, Inc. | 3,987 | 370,233 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 43 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Domino's Pizza, Inc. | 998 | $241,247 |
Hilton Worldwide Holdings, Inc. | 5,125 | 404,055 |
Hyatt Hotels Corp., Class A | 866 | 66,569 |
Las Vegas Sands Corp. | 6,243 | 457,799 |
Marriott International, Inc., Class A | 4,804 | 656,611 |
McDonald's Corp. | 7,911 | 1,324,618 |
MGM Resorts International | 15,002 | 471,363 |
Norwegian Cruise Line Holdings, Ltd. (B) | 3,688 | 197,197 |
Royal Caribbean Cruises, Ltd. | 4,097 | 443,254 |
Six Flags Entertainment Corp. (A) | 1,027 | 64,947 |
Starbucks Corp. | 15,261 | 878,576 |
Vail Resorts, Inc. | 910 | 208,672 |
Wyndham Worldwide Corp. | 4,346 | 496,357 |
Wynn Resorts, Ltd. | 1,984 | 369,401 |
Yum! Brands, Inc. | 6,776 | 590,190 |
Household durables – 0.8% | ||
D.R. Horton, Inc. | 11,051 | 487,791 |
Garmin, Ltd. | 3,866 | 226,818 |
Leggett & Platt, Inc. | 4,274 | 173,311 |
Lennar Corp., A Shares | 5,966 | 315,542 |
Lennar Corp., B Shares | 349 | 14,899 |
Mohawk Industries, Inc. (B) | 2,133 | 447,674 |
Newell Brands, Inc. | 11,814 | 326,421 |
NVR, Inc. (B) | 155 | 480,500 |
PulteGroup, Inc. | 8,307 | 252,201 |
Toll Brothers, Inc. | 4,502 | 189,804 |
Whirlpool Corp. | 3,197 | 495,375 |
Internet and direct marketing retail – 2.2% | ||
Amazon.com, Inc. (B) | 3,618 | 5,666,241 |
Booking Holdings, Inc. (B) | 473 | 1,030,194 |
Expedia Group, Inc. | 3,638 | 418,879 |
Netflix, Inc. (B) | 3,270 | 1,021,744 |
Qurate Retail Group, Inc. QVC Group, Class A (B) | 16,728 | 391,602 |
TripAdvisor, Inc. (A)(B) | 2,534 | 94,822 |
Wayfair, Inc., Class A (A)(B) | 264 | 16,447 |
Leisure products – 0.2% | ||
Brunswick Corp. | 1,105 | 66,167 |
Hasbro, Inc. | 4,632 | 408,033 |
Mattel, Inc. (A) | 10,429 | 154,349 |
Polaris Industries, Inc. (A) | 1,841 | 192,974 |
Media – 2.4% | ||
Altice USA, Inc., Class A (A)(B) | 1,201 | 21,498 |
CBS Corp., Class B | 10,629 | 522,947 |
Charter Communications, Inc., Class A (B) | 2,601 | 705,625 |
Comcast Corp., Class A | 63,801 | 2,002,713 |
Discovery, Inc., Series A (A)(B) | 8,972 | 212,188 |
Discovery, Inc., Series C (B) | 2,952 | 65,593 |
DISH Network Corp., Class A (B) | 6,084 | 204,118 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Media (continued) | ||
Liberty Broadband Corp., Series A (B) | 343 | $24,175 |
Liberty Broadband Corp., Series C (B) | 2,464 | 174,673 |
Liberty Media Corp.-Liberty Formula One, Series A (A)(B) | 323 | 9,080 |
Liberty Media Corp.-Liberty Formula One, Series C (A)(B) | 3,535 | 104,353 |
Liberty Media Corp.-Liberty SiriusXM, Series A (B) | 4,160 | 173,763 |
Lions Gate Entertainment Corp., Class A | 659 | 16,403 |
Lions Gate Entertainment Corp., Class B | 2,096 | 48,250 |
Live Nation Entertainment, Inc. (B) | 3,710 | 146,434 |
News Corp., Class A | 10,198 | 162,964 |
News Corp., Class B | 2,428 | 39,455 |
Omnicom Group, Inc. | 10,556 | 777,555 |
Sirius XM Holdings, Inc. (A) | 45,722 | 289,420 |
The Interpublic Group of Companies, Inc. | 15,415 | 363,640 |
The Madison Square Garden Company, Class A (B) | 121 | 29,405 |
The Walt Disney Company | 16,228 | 1,628,155 |
Time Warner, Inc. | 8,645 | 819,546 |
Twenty-First Century Fox, Inc., Class A | 12,517 | 457,622 |
Twenty-First Century Fox, Inc., Class B | 7,152 | 257,973 |
Viacom, Inc., Class A | 181 | 6,435 |
Viacom, Inc., Class B | 12,543 | 378,297 |
Multiline retail – 0.9% | ||
Dollar General Corp. | 9,196 | 887,690 |
Dollar Tree, Inc. (B) | 7,799 | 747,846 |
Kohl's Corp. | 8,160 | 506,899 |
Macy's, Inc. | 14,335 | 445,388 |
Nordstrom, Inc. (A) | 5,858 | 296,180 |
Target Corp. | 11,356 | 824,446 |
Specialty retail – 2.4% | ||
Advance Auto Parts, Inc. | 2,216 | 253,621 |
AutoZone, Inc. (B) | 605 | 377,835 |
Best Buy Company, Inc. | 10,427 | 797,978 |
Burlington Stores, Inc. (B) | 1,368 | 185,843 |
CarMax, Inc. (A)(B) | 6,248 | 390,500 |
L Brands, Inc. | 5,099 | 178,006 |
Lowe's Companies, Inc. | 12,908 | 1,064,006 |
O'Reilly Automotive, Inc. (B) | 2,379 | 609,191 |
Ross Stores, Inc. | 10,741 | 868,410 |
The Gap, Inc. | 9,653 | 282,254 |
The Home Depot, Inc. | 13,483 | 2,491,658 |
The TJX Companies, Inc. | 10,596 | 899,071 |
Tiffany & Company | 3,808 | 391,577 |
Tractor Supply Company | 4,190 | 284,920 |
Ulta Beauty, Inc. (B) | 1,732 | 434,576 |
Textiles, apparel and luxury goods – 0.9% | ||
Carter's, Inc. | 381 | 38,222 |
Hanesbrands, Inc. (A) | 10,357 | 191,294 |
44 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods (continued) | ||
Lululemon Athletica, Inc. (B) | 2,537 | $253,193 |
Michael Kors Holdings, Ltd. (B) | 5,016 | 343,195 |
NIKE, Inc., Class B | 15,524 | 1,061,686 |
PVH Corp. | 2,125 | 339,299 |
Ralph Lauren Corp. | 2,162 | 237,496 |
Skechers U.S.A., Inc., Class A (B) | 767 | 21,860 |
Tapestry, Inc. | 7,717 | 414,943 |
Under Armour, Inc., Class A (A)(B) | 3,160 | 56,122 |
Under Armour, Inc., Class C (A)(B) | 3,143 | 48,245 |
VF Corp. | 6,765 | 547,086 |
Consumer staples – 6.5% | 26,074,599 | |
Beverages – 1.6% | ||
Brown-Forman Corp., Class A | 1,497 | 79,895 |
Brown-Forman Corp., Class B | 8,284 | 464,235 |
Constellation Brands, Inc., Class A | 3,052 | 711,513 |
Dr. Pepper Snapple Group, Inc. | 7,281 | 873,429 |
Molson Coors Brewing Company, Class B | 5,841 | 416,113 |
Monster Beverage Corp. (B) | 7,015 | 385,825 |
PepsiCo, Inc. | 15,946 | 1,609,589 |
The Coca-Cola Company | 41,060 | 1,774,203 |
Food and staples retailing – 1.5% | ||
Costco Wholesale Corp. | 5,251 | 1,035,287 |
CVS Health Corp. | 14,588 | 1,018,680 |
Sysco Corp. | 10,437 | 652,730 |
The Kroger Company | 27,926 | 703,456 |
US Foods Holding Corp. (B) | 3,922 | 134,054 |
Walgreens Boots Alliance, Inc. | 9,829 | 653,137 |
Walmart, Inc. | 21,588 | 1,909,674 |
Food products – 1.6% | ||
Archer-Daniels-Midland Company | 12,366 | 561,169 |
Bunge, Ltd. | 5,034 | 363,606 |
Campbell Soup Company (A) | 6,601 | 269,189 |
Conagra Brands, Inc. | 13,255 | 491,363 |
General Mills, Inc. | 11,922 | 521,468 |
Hormel Foods Corp. (A) | 7,629 | 276,551 |
Ingredion, Inc. | 2,677 | 324,158 |
Kellogg Company | 5,065 | 298,329 |
Lamb Weston Holdings, Inc. | 4,473 | 292,176 |
McCormick & Company, Inc. (A) | 4,164 | 438,927 |
Mondelez International, Inc., Class A | 18,970 | 749,315 |
Pilgrim's Pride Corp. (A)(B) | 2,031 | 43,870 |
Pinnacle Foods, Inc. | 2,780 | 167,912 |
Post Holdings, Inc. (B) | 1,607 | 127,869 |
The Hershey Company | 5,413 | 497,671 |
The J.M. Smucker Company | 3,289 | 375,209 |
The Kraft Heinz Company | 4,954 | 279,307 |
Tyson Foods, Inc., Class A | 6,607 | 463,151 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Household products – 1.0% | ||
Church & Dwight Company, Inc. | 5,601 | $258,766 |
Colgate-Palmolive Company | 8,975 | 585,439 |
Kimberly-Clark Corp. | 4,789 | 495,853 |
Spectrum Brands Holdings, Inc. (A) | 687 | 49,533 |
The Clorox Company | 4,455 | 522,126 |
The Procter & Gamble Company | 26,538 | 1,919,759 |
Personal products – 0.2% | ||
Coty, Inc., Class A | 5,502 | 95,460 |
Herbalife Nutrition, Ltd. (B) | 1,663 | 175,829 |
The Estee Lauder Companies, Inc., Class A | 4,439 | 657,372 |
Tobacco – 0.6% | ||
Altria Group, Inc. | 21,814 | 1,223,984 |
Philip Morris International, Inc. | 13,749 | 1,127,418 |
Energy – 5.6% | 22,627,253 | |
Energy equipment and services – 0.6% | ||
Baker Hughes, a GE Company | 5,079 | 183,403 |
Halliburton Company | 10,235 | 542,353 |
Helmerich & Payne, Inc. | 720 | 50,076 |
National Oilwell Varco, Inc. | 8,700 | 336,429 |
Schlumberger, Ltd. | 11,720 | 803,523 |
TechnipFMC PLC | 12,010 | 395,850 |
Oil, gas and consumable fuels – 5.0% | ||
Anadarko Petroleum Corp. | 7,956 | 535,598 |
Andeavor | 5,598 | 774,315 |
Antero Resources Corp. (A)(B) | 7,826 | 148,694 |
Apache Corp. | 8,106 | 331,941 |
Cabot Oil & Gas Corp. | 9,974 | 238,478 |
Cheniere Energy Partners LP Holdings LLC | 649 | 18,107 |
Cheniere Energy, Inc. (B) | 3,510 | 204,142 |
Chevron Corp. | 23,822 | 2,980,370 |
Cimarex Energy Company | 2,203 | 221,600 |
Concho Resources, Inc. (A)(B) | 3,462 | 544,261 |
ConocoPhillips | 11,614 | 760,717 |
Continental Resources, Inc. (A)(B) | 2,487 | 164,291 |
Devon Energy Corp. | 8,856 | 321,738 |
Diamondback Energy, Inc. (B) | 1,669 | 214,383 |
Energen Corp. (B) | 1,707 | 111,706 |
EOG Resources, Inc. | 6,112 | 722,255 |
EQT Corp. | 6,885 | 345,558 |
Exxon Mobil Corp. | 50,713 | 3,942,936 |
Hess Corp. | 7,988 | 455,236 |
HollyFrontier Corp. | 6,933 | 420,764 |
Kinder Morgan, Inc. | 26,520 | 419,546 |
Marathon Oil Corp. | 20,387 | 372,063 |
Marathon Petroleum Corp. | 13,035 | 976,452 |
Noble Energy, Inc. | 14,892 | 503,796 |
Occidental Petroleum Corp. | 9,662 | 746,486 |
ONEOK, Inc. | 8,303 | 500,007 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 45 |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Oil, gas and consumable fuels (continued) | ||
Parsley Energy, Inc., Class A (B) | 3,519 | $105,676 |
Phillips 66 | 6,314 | 702,811 |
Pioneer Natural Resources Company | 2,510 | 505,891 |
RSP Permian, Inc. (B) | 771 | 38,249 |
Targa Resources Corp. | 3,475 | 163,221 |
The Williams Companies, Inc. | 18,498 | 475,954 |
Valero Energy Corp. | 11,732 | 1,301,431 |
WPX Energy, Inc. (B) | 2,747 | 46,946 |
Financials – 15.2% | 60,991,039 | |
Banks – 5.9% | ||
Bank of America Corp. | 102,567 | 3,068,805 |
Bank of the Ozarks | 1,872 | 87,610 |
BB&T Corp. | 12,567 | 663,538 |
BOK Financial Corp. | 391 | 39,366 |
CIT Group, Inc. | 5,805 | 307,375 |
Citigroup, Inc. | 29,144 | 1,989,661 |
Citizens Financial Group, Inc. | 13,929 | 577,914 |
Comerica, Inc. | 5,557 | 525,581 |
Commerce Bancshares, Inc. | 2,375 | 150,860 |
Cullen/Frost Bankers, Inc. | 868 | 99,343 |
East West Bancorp, Inc. | 4,072 | 271,277 |
Fifth Third Bancorp | 29,987 | 994,669 |
First Horizon National Corp. | 1,786 | 32,684 |
First Republic Bank | 4,030 | 374,266 |
Huntington Bancshares, Inc. | 29,614 | 441,545 |
JPMorgan Chase & Co. | 40,789 | 4,437,027 |
KeyCorp | 29,837 | 594,353 |
M&T Bank Corp. | 4,353 | 793,421 |
PacWest Bancorp | 2,891 | 148,135 |
People's United Financial, Inc. | 8,928 | 163,293 |
Regions Financial Corp. | 44,575 | 833,553 |
Signature Bank (B) | 1,322 | 168,092 |
SunTrust Banks, Inc. | 12,964 | 865,995 |
SVB Financial Group (B) | 1,248 | 373,913 |
Synovus Financial Corp. | 1,815 | 94,870 |
The PNC Financial Services Group, Inc. | 6,583 | 958,551 |
U.S. Bancorp | 20,491 | 1,033,771 |
Wells Fargo & Company | 57,248 | 2,974,606 |
Western Alliance Bancorp (B) | 1,487 | 87,703 |
Zions Bancorporation | 6,047 | 331,073 |
Capital markets – 3.5% | ||
Affiliated Managers Group, Inc. | 1,617 | 266,579 |
Ameriprise Financial, Inc. | 6,004 | 841,821 |
BGC Partners, Inc., Class A | 1,490 | 19,906 |
BlackRock, Inc. | 1,130 | 589,295 |
Cboe Global Markets, Inc. | 2,116 | 225,946 |
CME Group, Inc. | 4,210 | 663,833 |
E*TRADE Financial Corp. (B) | 7,520 | 456,314 |
Eaton Vance Corp. | 2,624 | 142,719 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
FactSet Research Systems, Inc. | 1,163 | $219,935 |
Franklin Resources, Inc. | 9,932 | 334,112 |
Intercontinental Exchange, Inc. | 8,180 | 592,723 |
Invesco, Ltd. | 11,956 | 346,365 |
Janus Henderson Group PLC | 1,796 | 56,736 |
Lazard, Ltd., Class A | 1,359 | 73,957 |
LPL Financial Holdings, Inc. | 528 | 31,981 |
MarketAxess Holdings, Inc. (A) | 915 | 181,746 |
Moody's Corp. | 2,975 | 482,545 |
Morgan Stanley | 16,425 | 847,859 |
MSCI, Inc. | 2,918 | 437,204 |
Nasdaq, Inc. | 3,570 | 315,302 |
Northern Trust Corp. | 6,673 | 712,343 |
Raymond James Financial, Inc. | 3,948 | 354,333 |
S&P Global, Inc. | 5,058 | 953,939 |
SEI Investments Company | 5,173 | 327,089 |
State Street Corp. | 6,072 | 605,864 |
T. Rowe Price Group, Inc. | 7,095 | 807,553 |
TD Ameritrade Holding Corp. | 5,600 | 325,304 |
The Bank of New York Mellon Corp. | 17,101 | 932,176 |
The Charles Schwab Corp. | 15,386 | 856,692 |
The Goldman Sachs Group, Inc. | 4,241 | 1,010,758 |
Virtu Financial, Inc., Class A (A) | 161 | 5,796 |
Consumer finance – 0.9% | ||
Ally Financial, Inc. | 18,988 | 495,587 |
American Express Company | 9,781 | 965,874 |
Capital One Financial Corp. | 11,032 | 999,720 |
Credit Acceptance Corp. (B) | 71 | 23,490 |
Discover Financial Services | 10,304 | 734,160 |
Santander Consumer USA Holdings, Inc. | 3,208 | 59,188 |
Synchrony Financial | 15,312 | 507,899 |
Diversified financial services – 1.1% | ||
Berkshire Hathaway, Inc., Class B (B) | 20,326 | 3,937,756 |
Leucadia National Corp. | 8,477 | 203,787 |
Voya Financial, Inc. | 4,842 | 253,479 |
Insurance – 3.8% | ||
Aflac, Inc. | 15,798 | 719,915 |
Alleghany Corp. | 443 | 254,579 |
American Financial Group, Inc. | 2,522 | 285,541 |
American International Group, Inc. | 12,820 | 717,920 |
Aon PLC | 5,131 | 731,014 |
Arch Capital Group, Ltd. (B) | 3,206 | 256,897 |
Arthur J. Gallagher & Company | 4,733 | 331,263 |
Athene Holding, Ltd., Class A (B) | 1,019 | 49,931 |
Brighthouse Financial, Inc. (B) | 1,422 | 72,209 |
Brown & Brown, Inc. | 6,798 | 185,110 |
Chubb, Ltd. | 4,437 | 601,968 |
Cincinnati Financial Corp. | 4,526 | 318,359 |
CNA Financial Corp. | 1,034 | 52,176 |
46 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Insurance (continued) | ||
Erie Indemnity Company, Class A | 608 | $70,996 |
Everest Re Group, Ltd. | 1,399 | 325,505 |
First American Financial Corp. | 1,163 | 59,441 |
FNF Group | 7,668 | 282,412 |
Lincoln National Corp. | 8,374 | 591,539 |
Loews Corp. | 9,377 | 491,917 |
Markel Corp. (B) | 310 | 350,312 |
Marsh & McLennan Companies, Inc. | 7,725 | 629,588 |
MetLife, Inc. | 10,562 | 503,491 |
Old Republic International Corp. | 6,313 | 128,785 |
Principal Financial Group, Inc. | 10,847 | 642,359 |
Prudential Financial, Inc. | 7,672 | 815,687 |
Reinsurance Group of America, Inc. | 2,361 | 352,733 |
RenaissanceRe Holdings, Ltd. | 1,069 | 145,427 |
The Allstate Corp. | 6,645 | 650,014 |
The Hartford Financial Services Group, Inc. | 15,737 | 847,280 |
The Progressive Corp. | 11,464 | 691,165 |
The Travelers Companies, Inc. | 7,353 | 967,655 |
Torchmark Corp. | 4,021 | 348,782 |
Unum Group | 9,604 | 464,642 |
W.R. Berkley Corp. | 3,471 | 258,798 |
Willis Towers Watson PLC | 3,205 | 475,975 |
XL Group, Ltd. | 8,365 | 465,010 |
Thrifts and mortgage finance – 0.0% | ||
New York Community Bancorp, Inc. (A) | 14,489 | 172,129 |
Health care – 12.3% | 49,391,242 | |
Biotechnology – 2.0% | ||
AbbVie, Inc. | 15,001 | 1,448,347 |
Alexion Pharmaceuticals, Inc. (B) | 3,395 | 399,354 |
Alkermes PLC (A)(B) | 2,496 | 110,498 |
Alnylam Pharmaceuticals, Inc. (B) | 577 | 54,544 |
Amgen, Inc. | 9,411 | 1,642,031 |
Biogen, Inc. (B) | 2,814 | 769,910 |
BioMarin Pharmaceutical, Inc. (B) | 2,669 | 222,888 |
Bluebird Bio, Inc. (B) | 369 | 62,785 |
Celgene Corp. (B) | 7,729 | 673,196 |
Exelixis, Inc. (B) | 3,803 | 79,178 |
Gilead Sciences, Inc. | 17,318 | 1,250,879 |
Incyte Corp. (B) | 2,315 | 143,391 |
Ionis Pharmaceuticals, Inc. (A)(B) | 1,244 | 53,529 |
Neurocrine Biosciences, Inc. (A)(B) | 322 | 26,108 |
Regeneron Pharmaceuticals, Inc. (B) | 909 | 276,045 |
Sage Therapeutics, Inc. (B) | 162 | 23,315 |
Seattle Genetics, Inc. (A)(B) | 1,365 | 69,874 |
United Therapeutics Corp. (B) | 1,469 | 161,752 |
Vertex Pharmaceuticals, Inc. (B) | 2,913 | 446,155 |
Health care equipment and supplies – 2.8% | ||
Abbott Laboratories | 22,140 | 1,286,998 |
ABIOMED, Inc. (B) | 636 | 191,404 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
Align Technology, Inc. (B) | 1,323 | $330,552 |
Baxter International, Inc. | 8,510 | 591,445 |
Becton, Dickinson and Company | 3,510 | 813,864 |
Boston Scientific Corp. (B) | 18,023 | 517,621 |
Danaher Corp. | 7,268 | 729,126 |
DENTSPLY SIRONA, Inc. | 6,496 | 327,009 |
Edwards Lifesciences Corp. (B) | 5,566 | 708,886 |
Hill-Rom Holdings, Inc. | 456 | 39,138 |
Hologic, Inc. (B) | 10,000 | 387,900 |
IDEXX Laboratories, Inc. (B) | 2,676 | 520,455 |
Intuitive Surgical, Inc. (B) | 1,485 | 654,558 |
Medtronic PLC | 14,143 | 1,133,279 |
ResMed, Inc. | 4,085 | 386,604 |
STERIS PLC | 2,046 | 193,388 |
Stryker Corp. | 4,632 | 784,753 |
Teleflex, Inc. | 1,090 | 291,989 |
The Cooper Companies, Inc. | 1,288 | 294,578 |
Varian Medical Systems, Inc. (B) | 3,144 | 363,415 |
West Pharmaceutical Services, Inc. | 1,458 | 128,610 |
Zimmer Biomet Holdings, Inc. | 5,134 | 591,283 |
Health care providers and services – 3.4% | ||
Aetna, Inc. | 5,170 | 925,689 |
AmerisourceBergen Corp. | 5,188 | 469,929 |
Anthem, Inc. | 4,552 | 1,074,226 |
Cardinal Health, Inc. | 8,560 | 549,295 |
Centene Corp. (B) | 5,214 | 566,136 |
Cigna Corp. | 5,714 | 981,779 |
DaVita, Inc. (B) | 9,005 | 565,424 |
Express Scripts Holding Company (B) | 12,317 | 932,397 |
HCA Healthcare, Inc. | 3,807 | 364,482 |
Henry Schein, Inc. (A)(B) | 6,061 | 460,636 |
Humana, Inc. | 2,849 | 838,119 |
Laboratory Corp. of America Holdings (B) | 4,425 | 755,569 |
McKesson Corp. | 3,994 | 623,903 |
Quest Diagnostics, Inc. | 7,268 | 735,522 |
UnitedHealth Group, Inc. | 12,231 | 2,891,408 |
Universal Health Services, Inc., Class B | 4,148 | 473,702 |
WellCare Health Plans, Inc. (B) | 1,185 | 243,115 |
Health care technology – 0.2% | ||
athenahealth, Inc. (B) | 700 | 85,729 |
Cerner Corp. (B) | 9,841 | 573,238 |
Veeva Systems, Inc., Class A (B) | 1,376 | 96,499 |
Life sciences tools and services – 0.9% | ||
Agilent Technologies, Inc. | 9,848 | 647,408 |
Bio-Rad Laboratories, Inc., Class A (B) | 380 | 96,410 |
Charles River Laboratories International, Inc. (B) | 321 | 33,445 |
Illumina, Inc. (B) | 2,138 | 515,108 |
IQVIA Holdings, Inc. (B) | 3,536 | 338,607 |
Mettler-Toledo International, Inc. (B) | 856 | 479,300 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 47 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Life sciences tools and services (continued) | ||
PerkinElmer, Inc. | 3,017 | $221,327 |
Thermo Fisher Scientific, Inc. | 4,667 | 981,703 |
Waters Corp. (B) | 2,584 | 486,851 |
Pharmaceuticals – 3.0% | ||
Allergan PLC | 3,166 | 486,456 |
Bristol-Myers Squibb Company | 14,018 | 730,758 |
Catalent, Inc. (B) | 1,449 | 59,568 |
Eli Lilly & Company | 10,893 | 883,096 |
Jazz Pharmaceuticals PLC (B) | 1,539 | 233,990 |
Johnson & Johnson | 29,302 | 3,706,410 |
Merck & Company, Inc. | 31,000 | 1,824,970 |
Mylan NV (B) | 13,206 | 511,865 |
Nektar Therapeutics (B) | 580 | 48,523 |
Perrigo Company PLC | 3,335 | 260,597 |
Pfizer, Inc. | 69,833 | 2,556,586 |
Zoetis, Inc. | 10,791 | 900,833 |
Industrials – 12.6% | 50,706,535 | |
Aerospace and defense – 2.7% | ||
Arconic, Inc. | 11,497 | 204,762 |
BWX Technologies, Inc. | 961 | 65,156 |
Curtiss-Wright Corp. | 288 | 36,876 |
General Dynamics Corp. | 3,414 | 687,272 |
Harris Corp. | 4,946 | 773,653 |
HEICO Corp. | 400 | 35,140 |
HEICO Corp., Class A | 952 | 68,687 |
Hexcel Corp. | 617 | 41,012 |
Huntington Ingalls Industries, Inc. | 1,376 | 334,657 |
L3 Technologies, Inc. | 2,710 | 530,835 |
Lockheed Martin Corp. | 2,965 | 951,291 |
Northrop Grumman Corp. | 2,617 | 842,779 |
Orbital ATK, Inc. | 1,330 | 176,065 |
Raytheon Company | 4,658 | 954,611 |
Rockwell Collins, Inc. | 5,383 | 713,463 |
Spirit AeroSystems Holdings, Inc., Class A | 3,554 | 285,635 |
Teledyne Technologies, Inc. (B) | 350 | 65,482 |
Textron, Inc. | 8,950 | 556,153 |
The Boeing Company | 5,873 | 1,958,998 |
TransDigm Group, Inc. | 1,203 | 385,646 |
United Technologies Corp. | 10,255 | 1,232,138 |
Air freight and logistics – 0.7% | ||
C.H. Robinson Worldwide, Inc. | 4,929 | 453,616 |
Expeditors International of Washington, Inc. | 5,859 | 374,156 |
FedEx Corp. | 4,015 | 992,508 |
United Parcel Service, Inc., Class B | 7,287 | 827,075 |
XPO Logistics, Inc. (A)(B) | 2,421 | 235,224 |
Airlines – 0.9% | ||
Alaska Air Group, Inc. | 4,598 | 298,548 |
American Airlines Group, Inc. | 15,574 | 668,592 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Airlines (continued) | ||
Copa Holdings SA, Class A | 401 | $46,985 |
Delta Air Lines, Inc. | 16,203 | 846,121 |
JetBlue Airways Corp. (B) | 8,721 | 167,356 |
Southwest Airlines Company | 13,835 | 730,903 |
United Continental Holdings, Inc. (B) | 13,003 | 878,223 |
Building products – 0.5% | ||
Allegion PLC | 2,589 | 199,819 |
AO Smith Corp. | 3,405 | 208,897 |
Fortune Brands Home & Security, Inc. | 4,498 | 245,996 |
Johnson Controls International PLC | 15,401 | 521,632 |
Lennox International, Inc. | 1,067 | 206,326 |
Masco Corp. | 8,127 | 307,769 |
Owens Corning | 3,582 | 234,585 |
Commercial services and supplies – 0.7% | ||
ADT, Inc. | 704 | 6,273 |
Cintas Corp. | 3,503 | 596,561 |
Copart, Inc. (B) | 5,160 | 263,573 |
KAR Auction Services, Inc. | 4,009 | 208,428 |
Republic Services, Inc. | 10,931 | 707,017 |
Rollins, Inc. | 2,423 | 117,564 |
Stericycle, Inc. (A)(B) | 2,204 | 129,397 |
Waste Management, Inc. | 9,149 | 743,722 |
Construction and engineering – 0.2% | ||
AECOM (B) | 3,845 | 132,422 |
Fluor Corp. | 5,892 | 347,333 |
Jacobs Engineering Group, Inc. | 3,801 | 220,800 |
Quanta Services, Inc. (B) | 2,232 | 72,540 |
Electrical equipment – 0.8% | ||
Acuity Brands, Inc. (A) | 968 | 115,937 |
AMETEK, Inc. | 7,213 | 503,467 |
Eaton Corp. PLC | 8,234 | 617,797 |
Emerson Electric Company | 11,000 | 730,510 |
Hubbell, Inc. | 1,697 | 176,250 |
Rockwell Automation, Inc. | 4,290 | 705,834 |
Sensata Technologies Holding PLC (A)(B) | 5,007 | 253,955 |
Industrial conglomerates – 1.2% | ||
3M Company | 6,960 | 1,352,953 |
Carlisle Companies, Inc. | 2,156 | 232,266 |
General Electric Company | 84,061 | 1,182,738 |
Honeywell International, Inc. | 8,586 | 1,242,222 |
Roper Technologies, Inc. | 2,904 | 767,208 |
Machinery – 2.7% | ||
AGCO Corp. | 355 | 22,251 |
Allison Transmission Holdings, Inc. | 4,454 | 173,661 |
Caterpillar, Inc. | 8,091 | 1,168,017 |
Crane Company | 268 | 22,416 |
Cummins, Inc. | 4,225 | 675,409 |
Deere & Company | 6,830 | 924,304 |
Donaldson Company, Inc. | 4,266 | 188,813 |
48 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Dover Corp. | 7,148 | $662,620 |
Flowserve Corp. (A) | 4,909 | 218,009 |
Fortive Corp. | 7,613 | 535,270 |
Gardner Denver Holdings, Inc. (B) | 449 | 14,202 |
Graco, Inc. | 2,807 | 123,480 |
IDEX Corp. | 2,309 | 308,621 |
Illinois Tool Works, Inc. | 5,591 | 794,034 |
Ingersoll-Rand PLC | 9,171 | 769,355 |
Lincoln Electric Holdings, Inc. | 1,767 | 146,431 |
Nordson Corp. | 1,225 | 157,535 |
Oshkosh Corp. | 1,618 | 116,755 |
PACCAR, Inc. | 12,369 | 787,534 |
Parker-Hannifin Corp. | 4,808 | 791,493 |
Pentair PLC | 5,098 | 342,993 |
Snap-on, Inc. | 1,844 | 267,841 |
Stanley Black & Decker, Inc. | 5,202 | 736,551 |
The Middleby Corp. (A)(B) | 1,412 | 177,686 |
The Toro Company | 2,488 | 145,274 |
WABCO Holdings, Inc. (B) | 1,518 | 195,807 |
Wabtec Corp. (A) | 2,404 | 213,499 |
Xylem, Inc. | 4,861 | 354,367 |
Professional services – 0.6% | ||
CoStar Group, Inc. (B) | 686 | 251,529 |
Equifax, Inc. | 4,542 | 508,931 |
IHS Markit, Ltd. (B) | 2,809 | 138,006 |
ManpowerGroup, Inc. | 3,057 | 292,616 |
Nielsen Holdings PLC | 7,393 | 232,510 |
Robert Half International, Inc. | 4,166 | 253,085 |
TransUnion (B) | 2,863 | 185,837 |
Verisk Analytics, Inc. (B) | 4,526 | 481,793 |
Road and rail – 1.2% | ||
AMERCO | 237 | 79,992 |
CSX Corp. | 19,114 | 1,135,180 |
J.B. Hunt Transport Services, Inc. (A) | 3,957 | 464,671 |
Kansas City Southern | 3,583 | 382,055 |
Norfolk Southern Corp. | 6,745 | 967,705 |
Old Dominion Freight Line, Inc. | 2,016 | 269,862 |
Union Pacific Corp. | 10,572 | 1,412,736 |
Trading companies and distributors – 0.4% | ||
Fastenal Company (A) | 8,896 | 444,711 |
HD Supply Holdings, Inc. (B) | 5,212 | 201,757 |
United Rentals, Inc. (B) | 3,110 | 466,500 |
W.W. Grainger, Inc. | 2,201 | 619,251 |
Watsco, Inc. (A) | 670 | 112,171 |
Information technology – 21.7% | 86,960,736 | |
Communications equipment – 1.1% | ||
Arista Networks, Inc. (B) | 777 | 205,555 |
Cisco Systems, Inc. | 56,433 | 2,499,418 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Communications equipment (continued) | ||
CommScope Holding Company, Inc. (B) | 5,860 | $223,969 |
EchoStar Corp., Class A (B) | 515 | 27,058 |
F5 Networks, Inc. (B) | 2,110 | 344,120 |
Juniper Networks, Inc. | 12,729 | 313,006 |
Motorola Solutions, Inc. | 4,607 | 505,987 |
Palo Alto Networks, Inc. (B) | 1,257 | 241,985 |
Electronic equipment, instruments and components – 1.2% | ||
Amphenol Corp., Class A | 11,183 | 936,129 |
Arrow Electronics, Inc. (B) | 3,893 | 290,963 |
Avnet, Inc. | 4,907 | 192,502 |
CDW Corp. | 4,324 | 308,258 |
Cognex Corp. | 2,220 | 102,675 |
Coherent, Inc. (B) | 105 | 17,663 |
Corning, Inc. | 28,261 | 763,612 |
Dolby Laboratories, Inc., Class A | 1,072 | 64,127 |
Flex, Ltd. (B) | 25,122 | 326,586 |
FLIR Systems, Inc. | 1,976 | 105,815 |
IPG Photonics Corp. (B) | 818 | 174,259 |
Keysight Technologies, Inc. (B) | 4,675 | 241,604 |
National Instruments Corp. | 987 | 40,358 |
TE Connectivity, Ltd. | 8,334 | 764,645 |
Trimble, Inc. (B) | 6,775 | 234,415 |
Universal Display Corp. (A) | 214 | 18,843 |
Zebra Technologies Corp., Class A (B) | 561 | 75,640 |
Internet software and services – 2.8% | ||
Akamai Technologies, Inc. (B) | 5,501 | 394,147 |
Alphabet, Inc., Class A (B) | 4,927 | 5,018,544 |
Alphabet, Inc., Class C (B) | 807 | 820,985 |
ANGI Homeservices, Inc., Class A (A)(B) | 229 | 3,059 |
eBay, Inc. (B) | 21,909 | 829,913 |
Facebook, Inc., Class A (B) | 17,995 | 3,095,140 |
GoDaddy, Inc., Class A (B) | 1,162 | 75,019 |
GrubHub, Inc. (A)(B) | 352 | 35,601 |
InterActiveCorp (B) | 2,281 | 369,841 |
LogMeIn, Inc. | 1,067 | 117,583 |
Match Group, Inc. (A)(B) | 522 | 24,597 |
Nutanix, Inc., Class A (B) | 399 | 20,185 |
Twitter, Inc. (B) | 7,444 | 225,628 |
VeriSign, Inc. (A)(B) | 2,804 | 329,246 |
Zillow Group, Inc., Class A (B) | 530 | 25,636 |
Zillow Group, Inc., Class C (A)(B) | 1,477 | 71,620 |
IT services – 4.3% | ||
Accenture PLC, Class A | 8,079 | 1,221,545 |
Alliance Data Systems Corp. | 2,097 | 425,796 |
Amdocs, Ltd. | 5,863 | 394,287 |
Automatic Data Processing, Inc. | 7,368 | 870,013 |
Black Knight, Inc. (B) | 2,851 | 138,701 |
Booz Allen Hamilton Holding Corp. | 2,737 | 108,467 |
Broadridge Financial Solutions, Inc. | 3,550 | 380,596 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 49 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
Cognizant Technology Solutions Corp., Class A | 10,353 | $847,082 |
DXC Technology Company | 6,350 | 654,431 |
EPAM Systems, Inc. (B) | 293 | 33,505 |
Fidelity National Information Services, Inc. | 7,588 | 720,632 |
First Data Corp., Class A (B) | 9,720 | 175,932 |
Fiserv, Inc. (B) | 9,806 | 694,853 |
FleetCor Technologies, Inc. (B) | 2,259 | 468,246 |
Gartner, Inc. (B) | 2,244 | 272,175 |
Genpact, Ltd. | 3,379 | 107,756 |
Global Payments, Inc. | 3,572 | 403,815 |
IBM Corp. | 9,993 | 1,448,585 |
Jack Henry & Associates, Inc. | 2,344 | 280,061 |
Leidos Holdings, Inc. | 4,012 | 257,691 |
Mastercard, Inc., Class A | 11,089 | 1,976,836 |
Paychex, Inc. | 9,428 | 571,054 |
PayPal Holdings, Inc. (B) | 11,495 | 857,642 |
Sabre Corp. | 4,621 | 95,377 |
Square, Inc., Class A (B) | 2,400 | 113,616 |
The Western Union Company | 15,871 | 313,452 |
Total System Services, Inc. | 6,345 | 533,361 |
Visa, Inc., Class A | 18,558 | 2,354,639 |
WEX, Inc. (B) | 220 | 35,622 |
Worldpay, Inc., Class A (B) | 5,287 | 429,410 |
Semiconductors and semiconductor equipment – 3.9% | ||
Advanced Micro Devices, Inc. (A)(B) | 9,070 | 98,682 |
Analog Devices, Inc. | 8,163 | 713,038 |
Applied Materials, Inc. | 18,692 | 928,432 |
Broadcom, Inc. | 4,394 | 1,008,071 |
Cavium, Inc. (B) | 301 | 22,578 |
Cypress Semiconductor Corp. | 2,296 | 33,476 |
First Solar, Inc. (B) | 507 | 35,951 |
Intel Corp. | 71,515 | 3,691,604 |
KLA-Tencor Corp. | 1,687 | 171,635 |
Lam Research Corp. | 4,489 | 830,734 |
Marvell Technology Group, Ltd. | 13,701 | 274,842 |
Maxim Integrated Products, Inc. | 9,005 | 490,773 |
Microchip Technology, Inc. (A) | 6,373 | 533,165 |
Micron Technology, Inc. (B) | 28,680 | 1,318,706 |
Microsemi Corp. (B) | 2,369 | 153,251 |
MKS Instruments, Inc. | 420 | 43,008 |
NVIDIA Corp. | 5,578 | 1,254,492 |
ON Semiconductor Corp. (B) | 10,710 | 236,477 |
Qorvo, Inc. (B) | 3,352 | 225,925 |
QUALCOMM, Inc. | 18,467 | 942,002 |
Skyworks Solutions, Inc. | 6,086 | 528,021 |
Teradyne, Inc. | 4,177 | 135,961 |
Texas Instruments, Inc. | 12,376 | 1,255,298 |
Xilinx, Inc. | 9,325 | 599,038 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software – 4.8% | ||
Activision Blizzard, Inc. | 12,299 | $816,039 |
Adobe Systems, Inc. (B) | 4,075 | 903,020 |
ANSYS, Inc. (B) | 2,353 | 380,386 |
Aspen Technology, Inc. (B) | 365 | 32,029 |
Atlassian Corp. PLC, Class A (A)(B) | 1,004 | 56,204 |
Autodesk, Inc. (B) | 4,504 | 567,054 |
CA, Inc. | 13,228 | 460,334 |
Cadence Design Systems, Inc. (B) | 7,578 | 303,575 |
CDK Global, Inc. | 3,774 | 246,216 |
Citrix Systems, Inc. (B) | 4,814 | 495,409 |
Dell Technologies, Inc., Class V (B) | 5,408 | 388,132 |
Electronic Arts, Inc. (B) | 4,932 | 581,877 |
Fortinet, Inc. (B) | 2,101 | 116,311 |
Guidewire Software, Inc. (A)(B) | 603 | 51,026 |
Intuit, Inc. | 4,725 | 873,133 |
Microsoft Corp. | 76,590 | 7,162,697 |
Oracle Corp. | 41,495 | 1,895,077 |
Paycom Software, Inc. (A)(B) | 309 | 35,291 |
PTC, Inc. (B) | 1,593 | 131,184 |
Red Hat, Inc. (B) | 4,262 | 694,962 |
salesforce.com, Inc. (B) | 4,614 | 558,248 |
ServiceNow, Inc. (B) | 2,513 | 417,510 |
Snap, Inc., Class A (A)(B) | 1,207 | 17,296 |
Splunk, Inc. (B) | 2,005 | 205,813 |
SS&C Technologies Holdings, Inc. | 5,168 | 256,591 |
Symantec Corp. | 21,066 | 585,424 |
Synopsys, Inc. (B) | 4,486 | 383,598 |
Tableau Software, Inc., Class A (B) | 464 | 39,463 |
Take-Two Interactive Software, Inc. (B) | 1,647 | 164,222 |
The Ultimate Software Group, Inc. (B) | 426 | 102,206 |
Tyler Technologies, Inc. (B) | 622 | 136,168 |
VMware, Inc., Class A (B) | 1,146 | 152,716 |
Workday, Inc., Class A (B) | 1,833 | 228,832 |
Technology hardware, storage and peripherals – 3.6% | ||
Apple, Inc. | 64,763 | 10,702,735 |
Hewlett Packard Enterprise Company | 31,521 | 537,433 |
HP, Inc. | 27,681 | 594,865 |
NetApp, Inc. | 9,450 | 629,181 |
Seagate Technology PLC | 12,329 | 713,726 |
Western Digital Corp. | 11,360 | 895,054 |
Xerox Corp. | 8,376 | 263,425 |
Materials – 4.0% | 15,957,262 | |
Chemicals – 2.3% | ||
Air Products & Chemicals, Inc. | 3,619 | 587,328 |
Albemarle Corp. | 3,158 | 306,200 |
Axalta Coating Systems, Ltd. (B) | 6,022 | 186,080 |
Celanese Corp., Series A | 4,980 | 541,177 |
CF Industries Holdings, Inc. | 9,048 | 351,062 |
DowDuPont, Inc. | 19,091 | 1,207,315 |
50 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Chemicals (continued) | ||
Eastman Chemical Company | 5,985 | $610,949 |
Ecolab, Inc. | 4,192 | 606,876 |
FMC Corp. | 3,973 | 316,767 |
Huntsman Corp. | 5,042 | 150,100 |
International Flavors & Fragrances, Inc. | 2,559 | 361,484 |
LyondellBasell Industries NV, Class A | 5,756 | 608,582 |
Monsanto Company | 5,694 | 713,857 |
Olin Corp. | 2,703 | 81,604 |
PPG Industries, Inc. | 5,485 | 580,752 |
Praxair, Inc. | 4,506 | 687,255 |
RPM International, Inc. | 4,295 | 207,449 |
The Chemours Company | 2,861 | 138,501 |
The Mosaic Company | 8,787 | 236,810 |
The Scotts Miracle-Gro Company (A) | 1,217 | 101,717 |
The Sherwin-Williams Company | 1,558 | 572,814 |
Westlake Chemical Corp. | 1,096 | 117,239 |
Construction materials – 0.2% | ||
Martin Marietta Materials, Inc. | 1,830 | 356,429 |
Vulcan Materials Company | 3,813 | 425,874 |
Containers and packaging – 0.8% | ||
AptarGroup, Inc. | 1,420 | 132,770 |
Avery Dennison Corp. | 2,325 | 243,683 |
Ball Corp. | 10,969 | 439,747 |
Berry Global Group, Inc. (B) | 3,423 | 188,265 |
Crown Holdings, Inc. (B) | 4,151 | 206,886 |
International Paper Company | 15,878 | 818,670 |
Packaging Corp. of America | 3,267 | 377,959 |
Sealed Air Corp. (A) | 5,827 | 255,514 |
WestRock Company | 5,933 | 350,996 |
Metals and mining – 0.7% | ||
Alcoa Corp. (B) | 5,125 | 262,400 |
Freeport-McMoRan, Inc. | 41,576 | 632,371 |
Newmont Mining Corp. | 14,596 | 573,477 |
Nucor Corp. | 11,099 | 683,920 |
Reliance Steel & Aluminum Company | 2,420 | 212,766 |
Royal Gold, Inc. | 367 | 32,590 |
Southern Copper Corp. (A) | 1,603 | 84,654 |
Steel Dynamics, Inc. | 6,933 | 310,668 |
United States Steel Corp. | 2,829 | 95,705 |
Real estate – 3.2% | 12,779,487 | |
Equity real estate investment trusts – 3.0% | ||
Alexandria Real Estate Equities, Inc. | 1,851 | 230,579 |
American Campus Communities, Inc. | 2,303 | 90,070 |
American Homes 4 Rent, Class A | 3,305 | 66,761 |
American Tower Corp. | 4,316 | 588,530 |
Apartment Investment & Management Company, Class A | 3,285 | 133,371 |
AvalonBay Communities, Inc. | 2,795 | 455,585 |
Boston Properties, Inc. | 3,277 | 397,861 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Camden Property Trust | 1,862 | $159,015 |
Crown Castle International Corp. | 4,804 | 484,579 |
DCT Industrial Trust, Inc. | 383 | 25,113 |
Digital Realty Trust, Inc. | 3,384 | 357,655 |
Douglas Emmett, Inc. | 2,336 | 87,063 |
Duke Realty Corp. | 7,518 | 203,738 |
Equinix, Inc. | 1,017 | 427,943 |
Equity LifeStyle Properties, Inc. | 1,538 | 137,128 |
Equity Residential | 6,881 | 424,627 |
Essex Property Trust, Inc. | 1,379 | 330,533 |
Extra Space Storage, Inc. | 2,475 | 221,735 |
Federal Realty Investment Trust | 1,513 | 175,281 |
Forest City Realty Trust, Inc., Class A | 4,373 | 87,722 |
Gaming and Leisure Properties, Inc. | 3,369 | 115,456 |
GGP, Inc. | 8,637 | 172,654 |
HCP, Inc. | 9,688 | 226,312 |
Healthcare Trust of America, Inc., Class A | 819 | 20,467 |
Host Hotels & Resorts, Inc. | 16,131 | 315,522 |
Hudson Pacific Properties, Inc. | 1,675 | 55,057 |
Invitation Homes, Inc. | 1,775 | 41,074 |
Iron Mountain, Inc. | 5,589 | 189,691 |
Kilroy Realty Corp. | 1,925 | 137,965 |
Kimco Realty Corp. | 8,930 | 129,574 |
Lamar Advertising Company, Class A | 1,532 | 97,604 |
Liberty Property Trust | 3,137 | 131,189 |
MGM Growth Properties LLC, Class A | 1,023 | 28,613 |
Mid-America Apartment Communities, Inc. | 1,943 | 177,707 |
National Retail Properties, Inc. | 2,794 | 106,284 |
Omega Healthcare Investors, Inc. | 3,682 | 95,658 |
Park Hotels & Resorts, Inc. | 2,239 | 64,438 |
Prologis, Inc. | 7,449 | 483,515 |
Public Storage | 1,642 | 331,323 |
Realty Income Corp. | 5,460 | 275,785 |
Regency Centers Corp. | 2,352 | 138,415 |
SBA Communications Corp. (B) | 3,191 | 511,294 |
Simon Property Group, Inc. | 3,056 | 477,775 |
SL Green Realty Corp. | 2,144 | 209,555 |
Sun Communities, Inc. | 1,217 | 114,215 |
The Macerich Company | 3,028 | 174,473 |
UDR, Inc. | 5,635 | 203,705 |
Ventas, Inc. | 6,487 | 333,562 |
VEREIT, Inc. | 16,821 | 114,383 |
VICI Properties, Inc. | 1,306 | 23,743 |
Vornado Realty Trust | 3,842 | 261,371 |
Welltower, Inc. | 6,014 | 321,388 |
Weyerhaeuser Company | 21,375 | 786,173 |
WP Carey, Inc. | 2,126 | 135,745 |
Real estate management and development – 0.2% | ||
CBRE Group, Inc., Class A (B) | 8,591 | 389,258 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 51 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Real estate management and development (continued) | ||
Jones Lang LaSalle, Inc. | 1,251 | $212,057 |
The Howard Hughes Corp. (B) | 677 | 91,598 |
Telecommunication services – 1.3% | 5,145,103 | |
Diversified telecommunication services – 1.2% | ||
AT&T, Inc. | 63,905 | 2,089,694 |
CenturyLink, Inc. | 28,151 | 523,046 |
Verizon Communications, Inc. | 41,414 | 2,043,781 |
Zayo Group Holdings, Inc. (B) | 4,251 | 154,311 |
Wireless telecommunication services – 0.1% | ||
Sprint Corp. (A)(B) | 11,576 | 64,941 |
T-Mobile US, Inc. (B) | 4,451 | 269,330 |
Utilities – 4.2% | 16,859,463 | |
Electric utilities – 2.3% | ||
Alliant Energy Corp. (A) | 6,931 | 297,686 |
American Electric Power Company, Inc. | 11,367 | 795,463 |
Avangrid, Inc. | 655 | 34,525 |
Duke Energy Corp. | 7,693 | 616,671 |
Edison International | 12,015 | 787,223 |
Entergy Corp. | 6,958 | 567,703 |
Eversource Energy | 9,404 | 566,591 |
Exelon Corp. | 20,121 | 798,401 |
FirstEnergy Corp. | 13,583 | 467,255 |
Great Plains Energy, Inc. | 2,922 | 95,637 |
NextEra Energy, Inc. | 6,221 | 1,019,684 |
OGE Energy Corp. | 8,140 | 267,562 |
PG&E Corp. | 9,548 | 440,163 |
Pinnacle West Capital Corp. | 4,271 | 343,816 |
PPL Corp. | 16,306 | 474,505 |
The Southern Company | 13,186 | 608,138 |
Westar Energy, Inc. | 4,116 | 223,005 |
Xcel Energy, Inc. | 18,725 | 877,079 |
Gas utilities – 0.1% | ||
Atmos Energy Corp. | 2,797 | 243,031 |
UGI Corp. | 5,992 | 289,953 |
Independent power and renewable electricity producers –0.2% | ||
AES Corp. | 25,927 | 317,346 |
NRG Energy, Inc. | 5,521 | 171,151 |
Vistra Energy Corp. (B) | 2,844 | 64,985 |
Multi-utilities – 1.5% | ||
Ameren Corp. | 9,272 | 543,525 |
CenterPoint Energy, Inc. | 15,941 | 403,786 |
CMS Energy Corp. | 8,698 | 410,459 |
Consolidated Edison, Inc. | 10,159 | 814,041 |
Dominion Energy, Inc. | 8,581 | 571,151 |
DTE Energy Company | 6,210 | 654,534 |
MDU Resources Group, Inc. | 4,349 | 122,511 |
NiSource, Inc. | 13,744 | 335,216 |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Multi-utilities (continued) | ||
Public Service Enterprise Group, Inc. | 19,608 | $1,022,557 |
SCANA Corp. | 4,451 | 163,663 |
Sempra Energy | 3,513 | 392,753 |
Vectren Corp. | 460 | 32,324 |
WEC Energy Group, Inc. | 8,294 | 533,138 |
Water utilities – 0.1% | ||
American Water Works Company, Inc. | 4,661 | 403,549 |
Aqua America, Inc. | 2,523 | 88,683 |
SECURITIES LENDING COLLATERAL – 2.4% | $9,548,172 | |
(Cost $9,547,905) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 954,493 | 9,548,172 |
SHORT-TERM INVESTMENTS – 0.0% | $200,862 | |
(Cost $200,862) | ||
Money market funds – 0.0% | 200,862 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 200,862 | 200,862 |
Total investments (Multifactor Large Cap ETF) (Cost $361,594,048) 102.4% | $410,859,508 | |
Other assets and liabilities, net (2.4%) | (9,600,008) | |
Total net assets 100.0% | $401,259,500 |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 4-30-18. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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 – 100.0% | $23,111,411 | |
(Cost $19,912,125) | ||
Energy – 0.8% | 188,377 | |
Oil, gas and consumable fuels – 0.8% | ||
Peabody Energy Corp. | 5,112 | 188,377 |
Industrials – 2.4% | 543,738 | |
Aerospace and defense – 1.7% | ||
Arconic, Inc. | 22,101 | 393,619 |
Trading companies and distributors – 0.7% | ||
Univar, Inc. (A) | 5,447 | 150,119 |
Information technology – 0.8% | 175,267 | |
Semiconductors and semiconductor equipment – 0.8% | ||
Versum Materials, Inc. | 4,982 | 175,267 |
52 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Materials – 96.0% | $22,204,029 | |
Chemicals – 64.2% | ||
Air Products & Chemicals, Inc. | 5,327 | 864,519 |
Albemarle Corp. | 4,948 | 479,758 |
Ashland Global Holdings, Inc. | 3,486 | 230,703 |
Axalta Coating Systems, Ltd. (A) | 11,758 | 363,322 |
Celanese Corp., Series A | 7,279 | 791,009 |
CF Industries Holdings, Inc. | 12,007 | 465,872 |
DowDuPont, Inc. | 20,269 | 1,281,812 |
Eastman Chemical Company | 8,947 | 913,310 |
Ecolab, Inc. | 6,171 | 893,376 |
FMC Corp. | 5,103 | 406,862 |
Huntsman Corp. | 13,092 | 389,749 |
International Flavors & Fragrances, Inc. | 3,397 | 479,860 |
LyondellBasell Industries NV, Class A | 10,018 | 1,059,201 |
Monsanto Company | 9,732 | 1,220,101 |
NewMarket Corp. | 487 | 184,841 |
Olin Corp. | 10,088 | 304,557 |
PPG Industries, Inc. | 11,791 | 1,248,431 |
Praxair, Inc. | 7,129 | 1,087,315 |
RPM International, Inc. | 7,767 | 375,146 |
The Chemours Company | 8,288 | 401,222 |
The Mosaic Company | 20,128 | 542,450 |
The Scotts Miracle-Gro Company | 2,315 | 193,488 |
Valvoline, Inc. | 8,617 | 174,753 |
W.R. Grace & Company | 3,531 | 241,662 |
Westlake Chemical Corp. | 2,278 | 243,678 |
Containers and packaging – 6.7% | ||
Avery Dennison Corp. | 4,452 | 466,614 |
International Paper Company | 21,197 | 1,092,917 |
Metals and mining – 25.1% | ||
Alcoa Corp. (A) | 11,748 | 601,498 |
Freeport-McMoRan, Inc. | 77,620 | 1,180,600 |
Newmont Mining Corp. | 27,471 | 1,079,336 |
Nucor Corp. | 19,627 | 1,209,416 |
Reliance Steel & Aluminum Company | 4,098 | 360,296 |
Royal Gold, Inc. | 3,381 | 300,233 |
Southern Copper Corp. | 2,532 | 133,715 |
Steel Dynamics, Inc. | 13,021 | 583,471 |
United States Steel Corp. | 10,610 | 358,936 |
SHORT-TERM INVESTMENTS – 0.1% | $37,442 | |
(Cost $37,442) | ||
Money market funds – 0.1% | 37,442 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (B) | 37,442 | 37,442 |
Total investments (Multifactor Materials ETF) (Cost $19,949,567) 100.1% | $23,148,853 | |
Other assets and liabilities, net (0.1%) | (28,814) | |
Total net assets 100.0% | $23,120,039 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 4-30-18. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $331,717,002 | |
(Cost $301,942,977) | ||
Consumer discretionary – 13.2% | 43,753,359 | |
Auto components – 1.4% | ||
Adient PLC (A) | 5,119 | 313,744 |
Aptiv PLC | 7,362 | 622,678 |
Autoliv, Inc. (A) | 5,191 | 695,854 |
BorgWarner, Inc. | 11,154 | 545,877 |
Delphi Technologies PLC | 4,657 | 225,445 |
Gentex Corp. | 21,842 | 496,687 |
Lear Corp. | 5,424 | 1,014,125 |
The Goodyear Tire & Rubber Company | 28,551 | 716,916 |
Automobiles – 0.3% | ||
Harley-Davidson, Inc. | 13,121 | 539,667 |
Thor Industries, Inc. | 3,306 | 350,899 |
Distributors – 0.5% | ||
Genuine Parts Company | 8,708 | 769,091 |
LKQ Corp. (B) | 13,537 | 419,918 |
Pool Corp. | 2,766 | 383,948 |
Diversified consumer services – 0.6% | ||
Bright Horizons Family Solutions, Inc. (B) | 2,829 | 268,416 |
Grand Canyon Education, Inc. (B) | 1,843 | 191,654 |
H&R Block, Inc. | 12,023 | 332,436 |
Service Corp. International | 18,525 | 676,348 |
ServiceMaster Global Holdings, Inc. (B) | 10,406 | 526,544 |
Weight Watchers International, Inc. (B) | 659 | 46,163 |
Hotels, restaurants and leisure – 2.0% | ||
Aramark | 16,530 | 618,057 |
Caesars Entertainment Corp. (A)(B) | 2,693 | 30,566 |
Chipotle Mexican Grill, Inc. (A)(B) | 1,180 | 499,529 |
Choice Hotels International, Inc. | 833 | 66,682 |
Darden Restaurants, Inc. | 7,495 | 695,986 |
Domino's Pizza, Inc. | 2,530 | 611,577 |
Dunkin' Brands Group, Inc. (A) | 6,687 | 407,640 |
Hilton Grand Vacations, Inc. (B) | 2,158 | 92,794 |
Hyatt Hotels Corp., Class A | 2,573 | 197,787 |
International Game Technology PLC | 7,458 | 210,838 |
MGM Resorts International | 22,482 | 706,384 |
Norwegian Cruise Line Holdings, Ltd. (B) | 7,281 | 389,315 |
Six Flags Entertainment Corp. (A) | 4,674 | 295,584 |
Vail Resorts, Inc. | 2,310 | 529,706 |
Wyndham Worldwide Corp. | 6,374 | 727,975 |
Wynn Resorts, Ltd. | 2,905 | 540,882 |
Household durables – 1.7% | ||
D.R. Horton, Inc. | 18,711 | 825,904 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 53 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Household durables (continued) | ||
Garmin, Ltd. | 6,627 | $388,806 |
Leggett & Platt, Inc. | 11,269 | 456,958 |
Lennar Corp., A Shares | 13,346 | 705,870 |
Lennar Corp., B Shares | 846 | 36,116 |
Mohawk Industries, Inc. (B) | 3,220 | 675,814 |
NVR, Inc. (B) | 220 | 682,000 |
PulteGroup, Inc. | 22,589 | 685,802 |
Toll Brothers, Inc. | 11,301 | 476,450 |
Whirlpool Corp. | 5,228 | 810,079 |
Internet and direct marketing retail – 0.4% | ||
Expedia Group, Inc. | 4,187 | 482,091 |
Qurate Retail Group, Inc. QVC Group, Class A (B) | 27,323 | 639,631 |
TripAdvisor, Inc. (A)(B) | 4,919 | 184,069 |
Wayfair, Inc., Class A (A)(B) | 1,057 | 65,851 |
Leisure products – 0.5% | ||
Brunswick Corp. | 6,284 | 376,286 |
Hasbro, Inc. | 6,246 | 550,210 |
Mattel, Inc. (A) | 20,543 | 304,036 |
Polaris Industries, Inc. (A) | 3,989 | 418,127 |
Media – 1.4% | ||
Altice USA, Inc., Class A (A)(B) | 2,177 | 38,968 |
Cable One, Inc. | 99 | 62,877 |
Cinemark Holdings, Inc. | 9,301 | 364,320 |
Discovery, Inc., Series A (A)(B) | 6,070 | 143,556 |
Discovery, Inc., Series C (B) | 8,781 | 195,114 |
GCI Liberty, Inc., Class A (B) | 4,406 | 196,508 |
Liberty Broadband Corp., Series A (B) | 1,125 | 79,290 |
Liberty Broadband Corp., Series C (B) | 4,231 | 299,936 |
Liberty Media Corp.-Liberty Formula One, Series A (A)(B) | 567 | 15,938 |
Liberty Media Corp.-Liberty Formula One, Series C (A)(B) | 10,442 | 308,248 |
Liberty Media Corp.-Liberty SiriusXM, Series A (B) | 5,886 | 245,858 |
Lions Gate Entertainment Corp., Class A | 2,169 | 53,986 |
Lions Gate Entertainment Corp., Class B | 5,616 | 129,280 |
Live Nation Entertainment, Inc. (B) | 9,068 | 357,914 |
News Corp., Class A | 26,861 | 429,239 |
News Corp., Class B | 8,157 | 132,551 |
Omnicom Group, Inc. | 5,944 | 437,835 |
The Interpublic Group of Companies, Inc. | 29,433 | 694,324 |
The Madison Square Garden Company, Class A (B) | 1,578 | 383,486 |
Viacom, Inc., Class A | 160 | 5,688 |
Viacom, Inc., Class B | 6,199 | 186,962 |
Multiline retail – 1.0% | ||
Dollar Tree, Inc. (B) | 10,808 | 1,036,379 |
Kohl's Corp. | 15,270 | 948,572 |
Macy's, Inc. | 21,967 | 682,515 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Multiline retail (continued) | ||
Nordstrom, Inc. (A) | 8,619 | $435,777 |
Specialty retail – 2.1% | ||
Advance Auto Parts, Inc. | 4,791 | 548,330 |
AutoNation, Inc. (B) | 6,594 | 304,577 |
AutoZone, Inc. (B) | 314 | 196,099 |
Best Buy Company, Inc. | 15,725 | 1,203,434 |
Burlington Stores, Inc. (B) | 4,666 | 633,876 |
CarMax, Inc. (A)(B) | 11,004 | 687,750 |
Floor & Decor Holdings, Inc., Class A (A)(B) | 758 | 42,137 |
Foot Locker, Inc. | 9,861 | 424,812 |
L Brands, Inc. | 4,837 | 168,860 |
Penske Automotive Group, Inc. | 3,522 | 158,842 |
The Gap, Inc. | 9,655 | 282,312 |
The Michaels Companies, Inc. (B) | 5,401 | 100,567 |
Tiffany & Company | 4,908 | 504,690 |
Tractor Supply Company | 9,043 | 614,924 |
Ulta Beauty, Inc. (B) | 3,074 | 771,297 |
Williams-Sonoma, Inc. (A) | 7,446 | 355,919 |
Textiles, apparel and luxury goods – 1.3% | ||
Carter's, Inc. | 4,143 | 415,626 |
Columbia Sportswear Company | 1,671 | 138,710 |
Hanesbrands, Inc. (A) | 24,180 | 446,605 |
Lululemon Athletica, Inc. (B) | 4,680 | 467,064 |
Michael Kors Holdings, Ltd. (B) | 10,097 | 690,837 |
PVH Corp. | 4,386 | 700,313 |
Ralph Lauren Corp. | 3,843 | 422,154 |
Skechers U.S.A., Inc., Class A (B) | 8,236 | 234,726 |
Tapestry, Inc. | 11,553 | 621,205 |
Under Armour, Inc., Class A (A)(B) | 6,823 | 121,176 |
Under Armour, Inc., Class C (A)(B) | 7,139 | 109,584 |
Consumer staples – 3.5% | 11,602,855 | |
Beverages – 0.8% | ||
Brown-Forman Corp., Class A | 538 | 28,713 |
Brown-Forman Corp., Class B | 13,809 | 773,856 |
Dr. Pepper Snapple Group, Inc. | 9,998 | 1,199,360 |
Molson Coors Brewing Company, Class B | 6,980 | 497,255 |
National Beverage Corp. (A) | 342 | 30,219 |
Food and staples retailing – 0.2% | ||
Casey's General Stores, Inc. (A) | 3,561 | 343,993 |
US Foods Holding Corp. (B) | 12,919 | 441,571 |
Food products – 1.9% | ||
Bunge, Ltd. | 7,266 | 524,823 |
Campbell Soup Company (A) | 7,712 | 314,495 |
Conagra Brands, Inc. | 18,402 | 682,162 |
Flowers Foods, Inc. | 8,085 | 182,802 |
Hormel Foods Corp. (A) | 7,941 | 287,861 |
Ingredion, Inc. | 6,052 | 732,837 |
Lamb Weston Holdings, Inc. | 7,374 | 481,670 |
54 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Food products (continued) | ||
McCormick & Company, Inc. (A) | 5,797 | $611,062 |
Pilgrim's Pride Corp. (A)(B) | 5,638 | 121,781 |
Pinnacle Foods, Inc. | 8,273 | 499,689 |
Post Holdings, Inc. (B) | 4,911 | 390,768 |
Seaboard Corp. | 20 | 80,141 |
The Hershey Company | 7,715 | 709,317 |
The J.M. Smucker Company | 5,316 | 606,449 |
Household products – 0.4% | ||
Church & Dwight Company, Inc. | 9,996 | 461,815 |
Spectrum Brands Holdings, Inc. (A) | 1,901 | 137,062 |
The Clorox Company | 5,989 | 701,911 |
Personal products – 0.2% | ||
Coty, Inc., Class A | 12,955 | 224,769 |
Herbalife Nutrition, Ltd. (B) | 5,074 | 536,474 |
Energy – 4.1% | 13,763,608 | |
Energy equipment and services – 0.7% | ||
Core Laboratories NV | 3,080 | 377,146 |
Helmerich & Payne, Inc. | 10,398 | 723,181 |
National Oilwell Varco, Inc. | 13,953 | 539,563 |
RPC, Inc. (A) | 3,072 | 55,327 |
TechnipFMC PLC | 18,991 | 625,943 |
Oil, gas and consumable fuels – 3.4% | ||
Andeavor | 8,270 | 1,143,906 |
Antero Resources Corp. (A)(B) | 16,991 | 322,829 |
Apache Corp. | 5,744 | 235,217 |
Cabot Oil & Gas Corp. | 17,765 | 424,761 |
Centennial Resource Development, Inc., Class A (A)(B) | 3,810 | 70,485 |
Cheniere Energy Partners LP Holdings LLC | 1,865 | 52,034 |
Cheniere Energy, Inc. (B) | 5,900 | 343,144 |
Cimarex Energy Company | 3,637 | 365,846 |
Concho Resources, Inc. (A)(B) | 5,875 | 923,609 |
Continental Resources, Inc. (B) | 2,840 | 187,610 |
Devon Energy Corp. | 7,283 | 264,591 |
Diamondback Energy, Inc. (B) | 4,444 | 570,832 |
Energen Corp. (B) | 6,331 | 414,301 |
EQT Corp. | 11,291 | 566,695 |
Hess Corp. | 6,845 | 390,097 |
HollyFrontier Corp. | 16,724 | 1,014,980 |
Marathon Oil Corp. | 25,801 | 470,868 |
Murphy Oil Corp. | 15,814 | 476,160 |
Newfield Exploration Company (B) | 9,764 | 290,967 |
Noble Energy, Inc. | 18,414 | 622,946 |
ONEOK, Inc. | 12,676 | 763,349 |
Parsley Energy, Inc., Class A (B) | 11,168 | 335,375 |
Peabody Energy Corp. | 4,268 | 157,276 |
RSP Permian, Inc. (B) | 6,486 | 321,770 |
Targa Resources Corp. | 6,591 | 309,579 |
WPX Energy, Inc. (B) | 23,594 | 403,221 |
Shares or Principal Amount | Value | |
Financials – 16.2% | $53,711,300 | |
Banks – 6.0% | ||
Associated Banc-Corp | 5,357 | 141,693 |
Bank of the Ozarks | 8,636 | 404,165 |
BankUnited, Inc. | 3,396 | 134,516 |
BOK Financial Corp. | 1,949 | 196,225 |
CIT Group, Inc. | 13,918 | 736,958 |
Citizens Financial Group, Inc. | 24,685 | 1,024,181 |
Comerica, Inc. | 10,312 | 975,309 |
Commerce Bancshares, Inc. | 8,827 | 560,691 |
Cullen/Frost Bankers, Inc. | 4,313 | 493,623 |
East West Bancorp, Inc. | 12,193 | 812,298 |
Fifth Third Bancorp | 46,276 | 1,534,975 |
First Citizens BancShares, Inc., Class A | 499 | 215,713 |
First Hawaiian, Inc. | 1,337 | 36,834 |
First Horizon National Corp. | 15,943 | 291,757 |
First Republic Bank | 8,434 | 783,266 |
FNB Corp. | 15,740 | 204,620 |
Hancock Holding Company | 3,409 | 166,530 |
Huntington Bancshares, Inc. | 65,654 | 978,901 |
IBERIABANK Corp. | 2,417 | 181,154 |
Investors Bancorp, Inc. | 21,007 | 280,864 |
KeyCorp | 58,071 | 1,156,774 |
M&T Bank Corp. | 5,070 | 924,109 |
PacWest Bancorp | 9,757 | 499,949 |
People's United Financial, Inc. | 25,508 | 466,541 |
Pinnacle Financial Partners, Inc. | 3,216 | 205,985 |
Popular, Inc. | 6,575 | 304,357 |
Prosperity Bancshares, Inc. | 4,794 | 344,065 |
Regions Financial Corp. | 73,291 | 1,370,542 |
Signature Bank (B) | 4,039 | 513,559 |
Sterling Bancorp | 6,627 | 157,391 |
SVB Financial Group (B) | 3,007 | 900,927 |
Synovus Financial Corp. | 9,583 | 500,903 |
Texas Capital Bancshares, Inc. (B) | 2,020 | 199,273 |
Umpqua Holdings Corp. | 17,541 | 413,266 |
Webster Financial Corp. | 6,634 | 399,300 |
Western Alliance Bancorp (B) | 6,862 | 404,721 |
Wintrust Financial Corp. | 3,242 | 289,997 |
Zions Bancorporation | 13,471 | 737,537 |
Capital markets – 3.2% | ||
Affiliated Managers Group, Inc. | 3,058 | 504,142 |
Ameriprise Financial, Inc. | 6,967 | 976,843 |
BGC Partners, Inc., Class A | 6,721 | 89,793 |
Cboe Global Markets, Inc. | 4,758 | 508,059 |
E*TRADE Financial Corp. (B) | 18,167 | 1,102,374 |
Eaton Vance Corp. | 11,938 | 649,308 |
FactSet Research Systems, Inc. | 3,500 | 661,885 |
Interactive Brokers Group, Inc., Class A | 1,975 | 146,545 |
Invesco, Ltd. | 19,280 | 558,542 |
Janus Henderson Group PLC | 7,648 | 241,600 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 55 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
Lazard, Ltd., Class A | 5,452 | $296,698 |
LPL Financial Holdings, Inc. | 3,525 | 213,509 |
MarketAxess Holdings, Inc. (A) | 2,568 | 510,082 |
MSCI, Inc. | 5,756 | 862,421 |
Nasdaq, Inc. | 6,931 | 612,146 |
Northern Trust Corp. | 6,486 | 692,381 |
Raymond James Financial, Inc. | 8,882 | 797,160 |
SEI Investments Company | 8,538 | 539,858 |
Stifel Financial Corp. | 1,956 | 113,996 |
T. Rowe Price Group, Inc. | 3,515 | 400,077 |
Virtu Financial, Inc., Class A (A) | 950 | 34,200 |
Consumer finance – 0.6% | ||
Ally Financial, Inc. | 45,361 | 1,183,922 |
Credit Acceptance Corp. (A)(B) | 644 | 213,061 |
OneMain Holdings, Inc. (B) | 2,772 | 85,516 |
Santander Consumer USA Holdings, Inc. | 13,675 | 252,304 |
SLM Corp. (B) | 26,078 | 299,375 |
Diversified financial services – 0.4% | ||
Leucadia National Corp. | 21,883 | 526,067 |
Voya Financial, Inc. | 14,547 | 761,535 |
Insurance – 5.7% | ||
Alleghany Corp. | 1,074 | 617,196 |
American Financial Group, Inc. | 7,857 | 889,570 |
Arch Capital Group, Ltd. (B) | 6,175 | 494,803 |
Arthur J. Gallagher & Company | 10,134 | 709,279 |
Assurant, Inc. | 6,203 | 575,762 |
Assured Guaranty, Ltd. | 14,734 | 534,697 |
Athene Holding, Ltd., Class A (B) | 7,413 | 363,237 |
Axis Capital Holdings, Ltd. | 8,816 | 517,499 |
Brighthouse Financial, Inc. (B) | 3,604 | 183,011 |
Brown & Brown, Inc. | 22,913 | 623,921 |
Cincinnati Financial Corp. | 8,239 | 579,531 |
CNA Financial Corp. | 1,591 | 80,282 |
Enstar Group, Ltd. (B) | 318 | 66,828 |
Erie Indemnity Company, Class A | 1,787 | 208,668 |
Everest Re Group, Ltd. | 2,487 | 578,650 |
First American Financial Corp. | 9,165 | 468,423 |
FNF Group | 12,810 | 471,792 |
Lincoln National Corp. | 12,412 | 876,784 |
Loews Corp. | 12,870 | 675,160 |
Markel Corp. (B) | 575 | 649,773 |
Old Republic International Corp. | 22,570 | 460,428 |
Primerica, Inc. | 1,284 | 124,227 |
Principal Financial Group, Inc. | 16,446 | 973,932 |
Reinsurance Group of America, Inc. | 6,429 | 960,493 |
RenaissanceRe Holdings, Ltd. | 3,787 | 515,183 |
The Hanover Insurance Group, Inc. | 2,824 | 324,336 |
The Hartford Financial Services Group, Inc. | 16,026 | 862,840 |
Torchmark Corp. | 7,913 | 686,374 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Insurance (continued) | ||
Unum Group | 18,010 | $871,324 |
Validus Holdings, Ltd. | 7,513 | 509,156 |
W.R. Berkley Corp. | 10,799 | 805,173 |
Willis Towers Watson PLC | 5,810 | 862,843 |
XL Group, Ltd. | 14,340 | 797,161 |
Thrifts and mortgage finance – 0.3% | ||
Essent Group, Ltd. (B) | 2,564 | 84,509 |
LendingTree, Inc. (A)(B) | 215 | 51,256 |
MGIC Investment Corp. (B) | 23,364 | 234,107 |
New York Community Bancorp, Inc. (A) | 37,265 | 442,708 |
Radian Group, Inc. | 10,617 | 151,823 |
TFS Financial Corp. | 3,467 | 51,693 |
Health care – 9.9% | 32,874,762 | |
Biotechnology – 1.0% | ||
Agios Pharmaceuticals, Inc. (A)(B) | 837 | 70,233 |
Alkermes PLC (A)(B) | 7,566 | 334,947 |
Alnylam Pharmaceuticals, Inc. (B) | 2,508 | 237,081 |
Avexis, Inc. (B) | 468 | 99,525 |
BioMarin Pharmaceutical, Inc. (B) | 4,951 | 413,458 |
Bluebird Bio, Inc. (B) | 1,468 | 249,780 |
Exact Sciences Corp. (A)(B) | 3,247 | 162,382 |
Exelixis, Inc. (B) | 12,912 | 268,828 |
FibroGen, Inc. (B) | 1,362 | 61,903 |
Ionis Pharmaceuticals, Inc. (A)(B) | 5,394 | 232,104 |
Neurocrine Biosciences, Inc. (A)(B) | 3,428 | 277,942 |
Sage Therapeutics, Inc. (B) | 742 | 106,789 |
Seattle Genetics, Inc. (A)(B) | 3,568 | 182,646 |
United Therapeutics Corp. (B) | 5,050 | 556,056 |
Health care equipment and supplies – 3.3% | ||
ABIOMED, Inc. (B) | 2,058 | 619,355 |
Align Technology, Inc. (B) | 4,086 | 1,020,887 |
Cantel Medical Corp. | 1,170 | 131,122 |
DENTSPLY SIRONA, Inc. | 10,206 | 513,770 |
DexCom, Inc. (A)(B) | 3,279 | 239,957 |
Edwards Lifesciences Corp. (B) | 10,121 | 1,289,011 |
Globus Medical, Inc., Class A (B) | 2,311 | 118,300 |
Hill-Rom Holdings, Inc. | 5,333 | 457,731 |
Hologic, Inc. (B) | 19,280 | 747,871 |
ICU Medical, Inc. (B) | 436 | 109,741 |
IDEXX Laboratories, Inc. (B) | 4,286 | 833,584 |
Insulet Corp. (B) | 1,137 | 97,782 |
Integra LifeSciences Holdings Corp. (A)(B) | 1,431 | 88,193 |
LivaNova PLC (B) | 1,429 | 126,867 |
Masimo Corp. (B) | 2,575 | 231,055 |
ResMed, Inc. | 8,115 | 768,004 |
STERIS PLC | 7,365 | 696,140 |
Teleflex, Inc. | 2,693 | 721,401 |
The Cooper Companies, Inc. | 3,020 | 690,704 |
Varian Medical Systems, Inc. (B) | 6,888 | 796,184 |
56 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
West Pharmaceutical Services, Inc. | 5,251 | $463,191 |
Health care providers and services – 2.8% | ||
AmerisourceBergen Corp. | 8,360 | 757,249 |
Centene Corp. (B) | 12,544 | 1,362,028 |
DaVita, Inc. (B) | 13,569 | 851,998 |
Encompass Health Corp. | 8,679 | 527,857 |
Envision Healthcare Corp. (A)(B) | 10,487 | 389,802 |
Henry Schein, Inc. (A)(B) | 9,839 | 747,764 |
Laboratory Corp. of America Holdings (B) | 6,901 | 1,178,346 |
MEDNAX, Inc. (B) | 9,309 | 427,376 |
Molina Healthcare, Inc. (A)(B) | 1,166 | 97,070 |
Premier, Inc., Class A (A)(B) | 5,132 | 169,305 |
Quest Diagnostics, Inc. | 11,142 | 1,127,570 |
Universal Health Services, Inc., Class B | 7,815 | 892,473 |
WellCare Health Plans, Inc. (B) | 4,258 | 873,571 |
Health care technology – 0.5% | ||
athenahealth, Inc. (B) | 2,942 | 360,307 |
Cerner Corp. (B) | 15,819 | 921,457 |
Medidata Solutions, Inc. (A)(B) | 1,106 | 78,924 |
Veeva Systems, Inc., Class A (B) | 5,841 | 409,629 |
Life sciences tools and services – 1.7% | ||
Agilent Technologies, Inc. | 11,882 | 781,123 |
Bio-Rad Laboratories, Inc., Class A (B) | 1,837 | 466,065 |
Bio-Techne Corp. | 2,659 | 401,270 |
Bruker Corp. | 7,884 | 232,815 |
Charles River Laboratories International, Inc. (B) | 4,364 | 454,685 |
IQVIA Holdings, Inc. (B) | 5,425 | 519,498 |
Mettler-Toledo International, Inc. (B) | 1,583 | 886,369 |
PerkinElmer, Inc. | 10,364 | 760,303 |
PRA Health Sciences, Inc. (B) | 2,595 | 213,231 |
Syneos Health, Inc. (B) | 3,759 | 143,218 |
Waters Corp. (B) | 4,725 | 890,237 |
Pharmaceuticals – 0.6% | ||
Catalent, Inc. (B) | 7,187 | 295,458 |
Jazz Pharmaceuticals PLC (B) | 5,624 | 855,073 |
Mylan NV (B) | 9,031 | 350,042 |
Nektar Therapeutics (B) | 1,556 | 130,175 |
Perrigo Company PLC | 3,941 | 307,950 |
Industrials – 16.8% | 55,684,882 | |
Aerospace and defense – 2.9% | ||
Arconic, Inc. | 18,188 | 323,928 |
BWX Technologies, Inc. | 6,106 | 413,987 |
Curtiss-Wright Corp. | 2,903 | 371,700 |
Harris Corp. | 8,308 | 1,299,537 |
HEICO Corp. | 2,190 | 192,392 |
HEICO Corp., Class A | 3,918 | 282,684 |
Hexcel Corp. | 7,917 | 526,243 |
Huntington Ingalls Industries, Inc. | 3,105 | 755,167 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Aerospace and defense (continued) | ||
L3 Technologies, Inc. | 4,550 | $891,254 |
Orbital ATK, Inc. | 4,985 | 659,914 |
Rockwell Collins, Inc. | 8,397 | 1,112,938 |
Spirit AeroSystems Holdings, Inc., Class A | 7,796 | 626,565 |
Teledyne Technologies, Inc. (B) | 2,495 | 466,790 |
Textron, Inc. | 16,363 | 1,016,797 |
TransDigm Group, Inc. | 2,373 | 760,713 |
Air freight and logistics – 0.7% | ||
C.H. Robinson Worldwide, Inc. | 8,813 | 811,060 |
Expeditors International of Washington, Inc. | 10,937 | 698,437 |
XPO Logistics, Inc. (A)(B) | 7,857 | 763,386 |
Airlines – 0.9% | ||
Alaska Air Group, Inc. | 9,836 | 638,651 |
Copa Holdings SA, Class A | 1,852 | 216,999 |
JetBlue Airways Corp. (B) | 31,226 | 599,227 |
United Continental Holdings, Inc. (B) | 20,464 | 1,382,139 |
Building products – 1.1% | ||
Allegion PLC | 6,855 | 529,069 |
AO Smith Corp. | 8,677 | 532,334 |
Fortune Brands Home & Security, Inc. | 11,194 | 612,200 |
Lennox International, Inc. | 3,037 | 587,265 |
Masco Corp. | 11,926 | 451,638 |
Owens Corning | 9,783 | 640,689 |
USG Corp. (B) | 7,511 | 302,168 |
Commercial services and supplies – 1.2% | ||
ADT, Inc. | 3,455 | 30,753 |
Cimpress NV (A)(B) | 672 | 96,640 |
Cintas Corp. | 5,434 | 925,410 |
Copart, Inc. (B) | 11,867 | 606,166 |
KAR Auction Services, Inc. | 12,033 | 625,596 |
Republic Services, Inc. | 16,534 | 1,069,419 |
Rollins, Inc. | 5,580 | 270,742 |
Stericycle, Inc. (A)(B) | 4,325 | 253,921 |
Construction and engineering – 0.7% | ||
AECOM (B) | 11,085 | 381,767 |
EMCOR Group, Inc. | 3,575 | 263,084 |
Fluor Corp. | 12,064 | 711,173 |
Jacobs Engineering Group, Inc. | 8,848 | 513,980 |
MasTec, Inc. (B) | 2,737 | 120,428 |
Quanta Services, Inc. (B) | 14,610 | 474,825 |
Electrical equipment – 1.1% | ||
Acuity Brands, Inc. (A) | 2,289 | 274,154 |
AMETEK, Inc. | 13,631 | 951,444 |
Hubbell, Inc. | 5,717 | 593,768 |
Rockwell Automation, Inc. | 6,761 | 1,112,387 |
Sensata Technologies Holding PLC (A)(B) | 13,941 | 707,088 |
Industrial conglomerates – 0.5% | ||
Carlisle Companies, Inc. | 5,233 | 563,751 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 57 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Industrial conglomerates (continued) | ||
Roper Technologies, Inc. | 4,625 | $1,221,879 |
Machinery – 4.2% | ||
AGCO Corp. | 6,782 | 425,096 |
Allison Transmission Holdings, Inc. | 12,982 | 506,168 |
Colfax Corp. (B) | 5,368 | 166,462 |
Crane Company | 2,733 | 228,588 |
Donaldson Company, Inc. | 11,805 | 522,489 |
Dover Corp. | 10,361 | 960,465 |
Flowserve Corp. (A) | 10,219 | 453,826 |
Gardner Denver Holdings, Inc. (B) | 2,563 | 81,068 |
Gates Industrial Corp. PLC (B) | 1,352 | 21,172 |
Graco, Inc. | 12,209 | 537,074 |
IDEX Corp. | 4,561 | 609,623 |
Ingersoll-Rand PLC | 8,080 | 677,831 |
ITT, Inc. | 3,082 | 150,679 |
Lincoln Electric Holdings, Inc. | 4,606 | 381,699 |
Nordson Corp. | 4,104 | 527,774 |
Oshkosh Corp. | 5,705 | 411,673 |
Parker-Hannifin Corp. | 8,052 | 1,325,520 |
Pentair PLC | 9,304 | 625,973 |
Snap-on, Inc. | 4,592 | 666,988 |
Stanley Black & Decker, Inc. | 8,167 | 1,156,366 |
The Middleby Corp. (A)(B) | 4,152 | 522,488 |
The Toro Company | 7,606 | 444,114 |
Trinity Industries, Inc. | 9,586 | 305,506 |
WABCO Holdings, Inc. (B) | 4,376 | 564,460 |
Wabtec Corp. (A) | 6,533 | 580,196 |
Woodward, Inc. | 3,790 | 272,653 |
Xylem, Inc. | 10,098 | 736,144 |
Marine – 0.0% | ||
Kirby Corp. (B) | 1,729 | 147,484 |
Professional services – 1.3% | ||
CoStar Group, Inc. (B) | 1,410 | 516,991 |
Equifax, Inc. | 7,317 | 819,870 |
ManpowerGroup, Inc. | 6,237 | 597,006 |
Nielsen Holdings PLC | 6,262 | 196,940 |
Robert Half International, Inc. | 10,426 | 633,380 |
The Dun & Bradstreet Corp. | 2,774 | 319,870 |
TransUnion (B) | 7,376 | 478,776 |
Verisk Analytics, Inc. (B) | 6,459 | 687,561 |
Road and rail – 0.9% | ||
AMERCO | 686 | 231,539 |
Genesee & Wyoming, Inc., Class A (B) | 4,259 | 303,241 |
J.B. Hunt Transport Services, Inc. (A) | 5,452 | 640,228 |
Kansas City Southern | 5,731 | 611,097 |
Landstar System, Inc. | 1,929 | 196,083 |
Old Dominion Freight Line, Inc. | 3,683 | 493,006 |
Ryder System, Inc. | 6,446 | 434,654 |
Schneider National, Inc., Class B (A) | 3,420 | 91,246 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Trading companies and distributors – 1.3% | ||
Air Lease Corp. | 6,670 | $278,072 |
Fastenal Company (A) | 13,552 | 677,464 |
HD Supply Holdings, Inc. (B) | 14,487 | 560,792 |
MSC Industrial Direct Company, Inc., Class A | 3,821 | 330,287 |
United Rentals, Inc. (B) | 6,651 | 997,650 |
Univar, Inc. (B) | 3,621 | 99,795 |
W.W. Grainger, Inc. | 3,235 | 910,167 |
Watsco, Inc. (A) | 2,003 | 335,342 |
Information technology – 18.3% | 60,633,652 | |
Communications equipment – 1.6% | ||
Arista Networks, Inc. (B) | 2,812 | 743,915 |
ARRIS International PLC (B) | 16,401 | 442,827 |
CommScope Holding Company, Inc. (B) | 17,806 | 680,545 |
EchoStar Corp., Class A (B) | 3,777 | 198,444 |
F5 Networks, Inc. (B) | 5,789 | 944,128 |
Juniper Networks, Inc. | 27,101 | 666,414 |
Motorola Solutions, Inc. | 7,083 | 777,926 |
Palo Alto Networks, Inc. (B) | 2,104 | 405,041 |
Ubiquiti Networks, Inc. (A)(B) | 1,888 | 134,539 |
ViaSat, Inc. (A)(B) | 3,181 | 203,520 |
Electronic equipment, instruments and components – 2.8% | ||
Amphenol Corp., Class A | 16,968 | 1,420,391 |
Arrow Electronics, Inc. (B) | 11,214 | 838,134 |
Avnet, Inc. | 12,582 | 493,592 |
CDW Corp. | 10,816 | 771,073 |
Cognex Corp. | 7,010 | 324,213 |
Coherent, Inc. (B) | 1,407 | 236,686 |
Dolby Laboratories, Inc., Class A | 4,685 | 280,257 |
Flex, Ltd. (B) | 48,308 | 628,004 |
FLIR Systems, Inc. | 11,180 | 598,689 |
IPG Photonics Corp. (B) | 2,202 | 469,092 |
Jabil, Inc. | 19,252 | 512,103 |
Keysight Technologies, Inc. (B) | 14,141 | 730,807 |
Littelfuse, Inc. | 870 | 162,620 |
National Instruments Corp. | 7,457 | 304,917 |
SYNNEX Corp. | 3,159 | 316,437 |
Tech Data Corp. (B) | 1,083 | 82,579 |
Trimble, Inc. (B) | 13,874 | 480,040 |
Universal Display Corp. (A) | 1,160 | 102,138 |
Zebra Technologies Corp., Class A (B) | 3,436 | 463,276 |
Internet software and services – 1.2% | ||
2U, Inc. (A)(B) | 1,024 | 82,422 |
Akamai Technologies, Inc. (B) | 12,474 | 893,762 |
ANGI Homeservices, Inc., Class A (A)(B) | 1,162 | 15,524 |
GoDaddy, Inc., Class A (B) | 4,695 | 303,109 |
GrubHub, Inc. (A)(B) | 3,364 | 340,235 |
InterActiveCorp (B) | 4,365 | 707,741 |
LogMeIn, Inc. | 3,175 | 349,885 |
Match Group, Inc. (A)(B) | 3,100 | 146,072 |
58 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Internet software and services (continued) | ||
Nutanix, Inc., Class A (B) | 1,783 | $90,202 |
Twitter, Inc. (B) | 8,898 | 269,698 |
VeriSign, Inc. (A)(B) | 4,347 | 510,425 |
Zillow Group, Inc., Class A (B) | 2,073 | 100,271 |
Zillow Group, Inc., Class C (A)(B) | 4,477 | 217,090 |
IT services – 3.6% | ||
Alliance Data Systems Corp. | 3,055 | 620,318 |
Amdocs, Ltd. | 12,104 | 813,994 |
Black Knight, Inc. (B) | 5,606 | 272,732 |
Booz Allen Hamilton Holding Corp. | 9,909 | 392,694 |
Broadridge Financial Solutions, Inc. | 7,239 | 776,093 |
EPAM Systems, Inc. (B) | 2,958 | 338,247 |
Euronet Worldwide, Inc. (B) | 3,880 | 303,067 |
First Data Corp., Class A (B) | 18,916 | 342,380 |
FleetCor Technologies, Inc. (B) | 3,941 | 816,890 |
Gartner, Inc. (A)(B) | 4,643 | 563,149 |
Genpact, Ltd. | 14,368 | 458,196 |
Global Payments, Inc. | 7,815 | 883,486 |
Jack Henry & Associates, Inc. | 6,804 | 812,942 |
Leidos Holdings, Inc. | 12,698 | 815,593 |
MAXIMUS, Inc. | 5,377 | 363,647 |
Sabre Corp. | 16,394 | 338,372 |
Square, Inc., Class A (A)(B) | 5,089 | 240,913 |
Teradata Corp. (B) | 12,125 | 496,155 |
The Western Union Company | 25,466 | 502,954 |
Total System Services, Inc. | 9,753 | 819,837 |
WEX, Inc. (B) | 2,050 | 331,936 |
Worldpay, Inc., Class A (B) | 9,132 | 741,701 |
Semiconductors and semiconductor equipment – 2.9% | ||
Advanced Micro Devices, Inc. (A)(B) | 20,961 | 228,056 |
Cavium, Inc. (B) | 3,652 | 273,937 |
Cypress Semiconductor Corp. | 22,920 | 334,174 |
Entegris, Inc. | 5,832 | 187,790 |
First Solar, Inc. (B) | 7,022 | 497,930 |
KLA-Tencor Corp. | 4,306 | 438,092 |
Marvell Technology Group, Ltd. | 30,443 | 610,687 |
Maxim Integrated Products, Inc. | 17,106 | 932,277 |
Microchip Technology, Inc. (A) | 10,682 | 893,656 |
Microsemi Corp. (B) | 9,603 | 621,218 |
MKS Instruments, Inc. | 3,192 | 326,861 |
Monolithic Power Systems, Inc. | 1,353 | 158,436 |
ON Semiconductor Corp. (B) | 38,700 | 854,496 |
Qorvo, Inc. (B) | 8,878 | 598,377 |
Skyworks Solutions, Inc. | 10,982 | 952,798 |
Teradyne, Inc. | 19,124 | 622,486 |
Versum Materials, Inc. | 2,026 | 71,275 |
Xilinx, Inc. | 14,356 | 922,229 |
Software – 4.7% | ||
ANSYS, Inc. (B) | 5,389 | 871,186 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
Aspen Technology, Inc. (B) | 3,586 | $314,672 |
Atlassian Corp. PLC, Class A (A)(B) | 2,756 | 154,281 |
Autodesk, Inc. (B) | 7,044 | 886,840 |
Blackbaud, Inc. | 2,014 | 211,389 |
CA, Inc. | 21,345 | 742,806 |
Cadence Design Systems, Inc. (B) | 15,946 | 638,797 |
CDK Global, Inc. | 9,573 | 624,543 |
Citrix Systems, Inc. (B) | 8,958 | 921,868 |
Dell Technologies, Inc., Class V (B) | 8,166 | 586,074 |
Fair Isaac Corp. (B) | 2,488 | 430,872 |
Fortinet, Inc. (B) | 8,257 | 457,108 |
Guidewire Software, Inc. (B) | 3,891 | 329,256 |
Nuance Communications, Inc. (B) | 21,474 | 316,097 |
Paycom Software, Inc. (A)(B) | 2,038 | 232,760 |
Pegasystems, Inc. | 1,325 | 80,891 |
Proofpoint, Inc. (B) | 1,164 | 137,282 |
PTC, Inc. (B) | 8,160 | 671,976 |
RealPage, Inc. (B) | 1,585 | 84,798 |
Red Hat, Inc. (B) | 7,469 | 1,217,895 |
RingCentral, Inc., Class A (B) | 960 | 64,368 |
ServiceNow, Inc. (B) | 3,834 | 636,981 |
Splunk, Inc. (B) | 4,935 | 506,578 |
SS&C Technologies Holdings, Inc. | 13,976 | 693,908 |
Symantec Corp. | 30,646 | 851,652 |
Synopsys, Inc. (B) | 10,134 | 866,558 |
Tableau Software, Inc., Class A (B) | 3,003 | 255,405 |
Take-Two Interactive Software, Inc. (B) | 5,049 | 503,436 |
The Ultimate Software Group, Inc. (B) | 1,663 | 398,987 |
Tyler Technologies, Inc. (B) | 2,288 | 500,889 |
Workday, Inc., Class A (B) | 2,707 | 337,942 |
Zendesk, Inc. (B) | 1,700 | 82,875 |
Technology hardware, storage and peripherals – 1.5% | ||
NCR Corp. (B) | 15,188 | 467,335 |
NetApp, Inc. | 21,526 | 1,433,201 |
Pure Storage, Inc., Class A (A)(B) | 1,841 | 37,243 |
Seagate Technology PLC | 18,222 | 1,054,872 |
Western Digital Corp. | 19,130 | 1,507,253 |
Xerox Corp. | 16,341 | 513,924 |
Materials – 6.5% | 21,799,491 | |
Chemicals – 2.6% | ||
Albemarle Corp. | 5,499 | 533,183 |
Ashland Global Holdings, Inc. | 5,391 | 356,776 |
Axalta Coating Systems, Ltd. (B) | 15,935 | 492,392 |
Celanese Corp., Series A | 7,985 | 867,730 |
CF Industries Holdings, Inc. | 17,795 | 690,446 |
Eastman Chemical Company | 8,781 | 896,364 |
FMC Corp. | 6,875 | 548,144 |
Huntsman Corp. | 17,283 | 514,515 |
International Flavors & Fragrances, Inc. | 3,880 | 548,089 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 59 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Chemicals (continued) | ||
NewMarket Corp. | 737 | $279,728 |
Olin Corp. | 11,749 | 354,702 |
RPM International, Inc. | 11,003 | 531,445 |
The Chemours Company | 7,983 | 386,457 |
The Mosaic Company | 15,930 | 429,314 |
The Scotts Miracle-Gro Company (A) | 3,972 | 331,980 |
Valvoline, Inc. | 15,461 | 313,549 |
W.R. Grace & Company | 5,123 | 350,618 |
Westlake Chemical Corp. | 2,706 | 289,461 |
Construction materials – 0.5% | ||
Eagle Materials, Inc. | 3,520 | 348,339 |
Martin Marietta Materials, Inc. | 3,109 | 605,540 |
Vulcan Materials Company | 7,389 | 825,277 |
Containers and packaging – 1.9% | ||
AptarGroup, Inc. | 5,695 | 532,483 |
Ardagh Group SA | 614 | 12,476 |
Avery Dennison Corp. | 5,612 | 588,194 |
Ball Corp. | 16,212 | 649,939 |
Bemis Company, Inc. | 11,211 | 485,100 |
Berry Global Group, Inc. (B) | 9,556 | 525,580 |
Crown Holdings, Inc. (B) | 10,039 | 500,344 |
Graphic Packaging Holding Company | 33,976 | 485,857 |
Packaging Corp. of America | 7,235 | 837,017 |
Sealed Air Corp. (A) | 12,883 | 564,920 |
Sonoco Products Company | 12,226 | 627,927 |
WestRock Company | 10,331 | 611,182 |
Metals and mining – 1.5% | ||
Alcoa Corp. (B) | 13,894 | 711,373 |
Freeport-McMoRan, Inc. | 29,119 | 442,900 |
Newmont Mining Corp. | 21,450 | 842,771 |
Nucor Corp. | 14,505 | 893,798 |
Reliance Steel & Aluminum Company | 6,537 | 574,733 |
Royal Gold, Inc. | 3,782 | 335,842 |
Steel Dynamics, Inc. | 16,515 | 740,037 |
United States Steel Corp. | 10,138 | 342,969 |
Real estate – 5.6% | 18,619,796 | |
Equity real estate investment trusts – 5.1% | ||
Alexandria Real Estate Equities, Inc. | 3,781 | 470,999 |
American Campus Communities, Inc. | 6,945 | 271,619 |
American Homes 4 Rent, Class A | 9,191 | 185,658 |
Apartment Investment & Management Company, Class A | 8,373 | 339,944 |
Apple Hospitality REIT, Inc. | 8,609 | 154,876 |
Brixmor Property Group, Inc. | 12,930 | 192,528 |
Camden Property Trust | 4,704 | 401,722 |
Colony NorthStar, Inc., Class A | 16,109 | 98,426 |
CoreSite Realty Corp. | 1,556 | 161,980 |
CubeSmart | 9,314 | 274,204 |
CyrusOne, Inc. | 3,952 | 211,788 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
DCT Industrial Trust, Inc. | 4,644 | $304,507 |
Digital Realty Trust, Inc. | 5,965 | 630,441 |
Douglas Emmett, Inc. | 8,063 | 300,508 |
Duke Realty Corp. | 17,533 | 475,144 |
EPR Properties | 3,228 | 177,605 |
Equity LifeStyle Properties, Inc. | 4,272 | 380,892 |
Essex Property Trust, Inc. | 2,105 | 504,547 |
Extra Space Storage, Inc. | 5,445 | 487,818 |
Federal Realty Investment Trust | 3,081 | 356,934 |
Forest City Realty Trust, Inc., Class A | 12,851 | 257,791 |
Gaming and Leisure Properties, Inc. | 9,611 | 329,369 |
HCP, Inc. | 8,280 | 193,421 |
Healthcare Trust of America, Inc., Class A | 7,777 | 194,347 |
Highwoods Properties, Inc. | 5,230 | 230,225 |
Hospitality Properties Trust | 8,488 | 211,181 |
Host Hotels & Resorts, Inc. | 23,711 | 463,787 |
Hudson Pacific Properties, Inc. | 6,733 | 221,314 |
Invitation Homes, Inc. | 7,066 | 163,507 |
Iron Mountain, Inc. | 12,787 | 433,991 |
Kilroy Realty Corp. | 5,064 | 362,937 |
Kimco Realty Corp. | 16,124 | 233,959 |
Lamar Advertising Company, Class A | 5,522 | 351,807 |
Liberty Property Trust | 7,836 | 327,702 |
Medical Properties Trust, Inc. | 15,480 | 197,834 |
MGM Growth Properties LLC, Class A | 2,922 | 81,728 |
Mid-America Apartment Communities, Inc. | 3,963 | 362,456 |
National Retail Properties, Inc. | 7,689 | 292,490 |
Omega Healthcare Investors, Inc. | 10,090 | 262,138 |
Park Hotels & Resorts, Inc. | 5,841 | 168,104 |
Rayonier, Inc. | 2,761 | 102,682 |
Realty Income Corp. | 7,870 | 397,514 |
Regency Centers Corp. | 5,160 | 303,666 |
SBA Communications Corp. (B) | 5,466 | 875,817 |
SL Green Realty Corp. | 3,217 | 314,430 |
STORE Capital Corp. | 8,083 | 203,934 |
Sun Communities, Inc. | 3,648 | 342,365 |
The Macerich Company | 5,679 | 327,224 |
UDR, Inc. | 12,685 | 458,563 |
VEREIT, Inc. | 41,732 | 283,778 |
VICI Properties, Inc. | 5,931 | 107,826 |
Vornado Realty Trust | 1,782 | 121,229 |
Weyerhaeuser Company | 28,353 | 1,042,823 |
WP Carey, Inc. | 5,511 | 351,877 |
Real estate management and development – 0.5% | ||
CBRE Group, Inc., Class A (B) | 16,231 | 735,427 |
Jones Lang LaSalle, Inc. | 3,563 | 603,964 |
The Howard Hughes Corp. (B) | 2,398 | 324,449 |
60 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Telecommunication services – 0.3% | $1,068,931 | |
Diversified telecommunication services – 0.3% | ||
CenturyLink, Inc. | 33,989 | 631,516 |
Zayo Group Holdings, Inc. (B) | 12,050 | 437,415 |
Utilities – 5.5% | 18,204,366 | |
Electric utilities – 2.2% | ||
Alliant Energy Corp. (A) | 13,264 | 569,689 |
Avangrid, Inc. | 1,599 | 84,283 |
Entergy Corp. | 10,690 | 872,197 |
Eversource Energy | 13,783 | 830,426 |
FirstEnergy Corp. | 27,537 | 947,273 |
Great Plains Energy, Inc. | 13,955 | 456,747 |
IDACORP, Inc. | 3,012 | 280,116 |
OGE Energy Corp. | 19,770 | 649,840 |
Pinnacle West Capital Corp. | 8,688 | 699,384 |
Westar Energy, Inc. | 11,010 | 596,522 |
Xcel Energy, Inc. | 27,055 | 1,267,256 |
Gas utilities – 0.6% | ||
Atmos Energy Corp. | 7,384 | 641,596 |
National Fuel Gas Company | 5,600 | 287,560 |
UGI Corp. | 16,278 | 787,692 |
WGL Holdings, Inc. | 3,192 | 271,639 |
Independent power and renewable electricity producers –0.5% | ||
AES Corp. | 61,501 | 752,772 |
NRG Energy, Inc. | 19,995 | 619,845 |
Vistra Energy Corp. (B) | 11,360 | 259,576 |
Multi-utilities – 1.9% | ||
Ameren Corp. | 14,390 | 843,542 |
CenterPoint Energy, Inc. | 26,239 | 664,634 |
CMS Energy Corp. | 16,061 | 757,919 |
DTE Energy Company | 9,044 | 953,238 |
MDU Resources Group, Inc. | 18,241 | 513,849 |
NiSource, Inc. | 36,786 | 897,211 |
SCANA Corp. | 10,064 | 370,053 |
Vectren Corp. | 6,343 | 445,723 |
WEC Energy Group, Inc. | 11,688 | 751,305 |
Water utilities – 0.3% | ||
American Water Works Company, Inc. | 9,121 | 789,696 |
Aqua America, Inc. | 9,752 | 342,783 |
SECURITIES LENDING COLLATERAL – 6.1% | $20,334,398 | |
(Cost $20,333,823) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 2,032,749 | 20,334,398 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.1% | $219,050 | |
(Cost $219,050) | ||
Money market funds – 0.1% | $219,050 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 219,050 | 219,050 |
Total investments (Multifactor Mid Cap ETF) (Cost $322,495,850) 106.1% | $352,270,450 | |
Other assets and liabilities, net (6.1%) | (20,382,348) | |
Total net assets 100.0% | $331,888,102 |
Security Abbreviations and Legend | |
(A) | A portion of this security is on loan as of 4-30-18. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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% | $39,155,734 | |
(Cost $38,951,203) | ||
Consumer discretionary – 14.0% | 5,468,551 | |
Auto components – 1.5% | ||
Dana, Inc. | 4,819 | 114,355 |
Delphi Technologies PLC | 2,468 | 119,476 |
Dorman Products, Inc. (A) | 842 | 54,107 |
LCI Industries | 715 | 68,140 |
Tenneco, Inc. | 1,870 | 83,570 |
Visteon Corp. (A) | 1,188 | 147,835 |
Diversified consumer services – 1.1% | ||
Adtalem Global Education, Inc. (A) | 1,537 | 73,161 |
Graham Holdings Company, Class B | 127 | 76,587 |
Grand Canyon Education, Inc. (A) | 1,277 | 132,795 |
Laureate Education, Inc., Class A (A) | 1,375 | 19,415 |
Sotheby's (A) | 1,042 | 55,018 |
Weight Watchers International, Inc. (A) | 877 | 61,434 |
Hotels, restaurants and leisure – 4.0% | ||
Boyd Gaming Corp. | 2,331 | 77,413 |
Choice Hotels International, Inc. | 1,017 | 81,411 |
Churchill Downs, Inc. | 379 | 104,073 |
Cracker Barrel Old Country Store, Inc. (B) | 715 | 117,682 |
Dunkin' Brands Group, Inc. (B) | 2,264 | 138,013 |
Eldorado Resorts, Inc. (A) | 1,372 | 55,566 |
Extended Stay America, Inc. | 5,326 | 104,283 |
Hilton Grand Vacations, Inc. (A) | 1,993 | 85,699 |
ILG, Inc. | 2,788 | 95,154 |
International Game Technology PLC | 2,534 | 71,636 |
Jack in the Box, Inc. | 917 | 82,255 |
Marriott Vacations Worldwide Corp. | 601 | 73,689 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 61 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Planet Fitness, Inc., Class A (A) | 2,367 | $95,366 |
Red Rock Resorts, Inc., Class A | 1,954 | 58,991 |
Scientific Games Corp. (A) | 1,610 | 85,813 |
Texas Roadhouse, Inc. | 1,810 | 115,985 |
The Wendy's Company | 7,457 | 124,830 |
Household durables – 0.8% | ||
Helen of Troy, Ltd. (A) | 852 | 75,956 |
Roku, Inc. (A) | 554 | 18,027 |
Taylor Morrison Home Corp., Class A (A) | 3,018 | 71,708 |
Tempur Sealy International, Inc. (A)(B) | 1,299 | 58,130 |
Tupperware Brands Corp. | 1,397 | 62,250 |
Internet and direct marketing retail – 0.4% | ||
Groupon, Inc. (A) | 9,838 | 45,648 |
Liberty Expedia Holdings, Inc., Series A (A) | 1,434 | 58,507 |
Shutterfly, Inc. (A) | 756 | 61,176 |
Media – 2.3% | ||
AMC Networks, Inc., Class A (A)(B) | 1,373 | 71,396 |
Cable One, Inc. | 133 | 84,471 |
Cinemark Holdings, Inc. | 2,507 | 98,199 |
GCI Liberty, Inc., Class A (A) | 2,270 | 101,242 |
John Wiley & Sons, Inc., Class A | 1,421 | 93,715 |
Meredith Corp. (B) | 1,146 | 59,363 |
Nexstar Media Group, Inc., Class A | 1,186 | 73,829 |
Sinclair Broadcast Group, Inc., Class A | 2,025 | 57,409 |
TEGNA, Inc. | 5,400 | 57,078 |
The New York Times Company, Class A | 3,548 | 83,201 |
Tribune Media Company, Class A | 2,293 | 86,652 |
World Wrestling Entertainment, Inc., Class A | 1,111 | 44,207 |
Multiline retail – 0.4% | ||
Big Lots, Inc. (B) | 1,741 | 73,905 |
Ollie's Bargain Outlet Holdings, Inc. (A) | 1,335 | 83,037 |
Specialty retail – 2.5% | ||
Aaron's, Inc. | 1,716 | 71,677 |
American Eagle Outfitters, Inc. | 5,297 | 109,542 |
AutoNation, Inc. (A) | 1,555 | 71,825 |
Camping World Holdings, Inc., Class A (B) | 948 | 27,141 |
Five Below, Inc. (A) | 1,495 | 105,562 |
Floor & Decor Holdings, Inc., Class A (A)(B) | 936 | 52,032 |
Lithia Motors, Inc., Class A | 668 | 64,034 |
Murphy USA, Inc. (A) | 1,083 | 67,763 |
National Vision Holdings, Inc. (A) | 434 | 14,444 |
Penske Automotive Group, Inc. | 1,468 | 66,207 |
Signet Jewelers, Ltd. | 1,580 | 61,430 |
The Michaels Companies, Inc. (A) | 3,267 | 60,832 |
Urban Outfitters, Inc. (A) | 2,654 | 106,877 |
Williams-Sonoma, Inc. (B) | 2,165 | 103,487 |
Textiles, apparel and luxury goods – 1.0% | ||
Carter's, Inc. | 217 | 21,769 |
Columbia Sportswear Company | 981 | 81,433 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods (continued) | ||
Deckers Outdoor Corp. (A) | 858 | $80,017 |
Steven Madden, Ltd. | 1,993 | 96,162 |
Wolverine World Wide, Inc. | 3,787 | 113,459 |
Consumer staples – 3.3% | 1,292,763 | |
Beverages – 0.1% | ||
National Beverage Corp. (B) | 326 | 28,805 |
Food and staples retailing – 0.9% | ||
Casey's General Stores, Inc. (B) | 1,045 | 100,947 |
Performance Food Group Company (A) | 2,791 | 90,568 |
PriceSmart, Inc. | 660 | 57,816 |
Sprouts Farmers Market, Inc. (A) | 3,518 | 88,056 |
Food products – 1.4% | ||
Darling Ingredients, Inc. (A) | 4,623 | 79,238 |
Flowers Foods, Inc. | 5,216 | 117,934 |
Fresh Del Monte Produce, Inc. | 910 | 44,727 |
J&J Snack Foods Corp. | 409 | 56,201 |
Lancaster Colony Corp. | 732 | 91,932 |
Sanderson Farms, Inc. | 581 | 64,584 |
Seaboard Corp. | 9 | 36,063 |
The Hain Celestial Group, Inc. (A) | 2,693 | 78,447 |
Household products – 0.3% | ||
Energizer Holdings, Inc. (B) | 1,685 | 96,652 |
HRG Group, Inc. (A) | 3,244 | 36,463 |
Personal products – 0.4% | ||
Edgewell Personal Care Company (A) | 1,375 | 60,569 |
Nu Skin Enterprises, Inc., Class A | 1,429 | 101,673 |
Tobacco – 0.2% | ||
Vector Group, Ltd. (B) | 3,184 | 62,088 |
Energy – 3.2% | 1,259,389 | |
Energy equipment and services – 1.1% | ||
Core Laboratories NV (B) | 1,204 | 147,430 |
Patterson-UTI Energy, Inc. | 4,250 | 91,035 |
RPC, Inc. | 1,777 | 32,004 |
Transocean, Ltd. (A)(B) | 11,582 | 143,260 |
Weatherford International PLC (A)(B) | 4,435 | 13,083 |
Oil, gas and consumable fuels – 2.1% | ||
Alta Mesa Resources, Inc. (A)(B) | 2,975 | 22,313 |
Antero Midstream GP LP | 2,057 | 35,422 |
Chesapeake Energy Corp. (A)(B) | 3,853 | 11,443 |
CNX Resources Corp. (A) | 4,750 | 70,585 |
CVR Energy, Inc. (B) | 483 | 16,664 |
Delek US Holdings, Inc. | 2,134 | 101,088 |
EnLink Midstream LLC | 1,684 | 25,007 |
Jagged Peak Energy, Inc. (A)(B) | 1,490 | 21,352 |
Matador Resources Company (A) | 2,612 | 85,517 |
Murphy Oil Corp. | 4,355 | 131,129 |
PBF Energy, Inc., Class A | 2,909 | 111,502 |
62 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Oil, gas and consumable fuels (continued) | ||
PDC Energy, Inc. (A) | 1,632 | $87,377 |
Peabody Energy Corp. | 2,117 | 78,011 |
Tallgrass Energy GP LP | 1,236 | 25,289 |
Whiting Petroleum Corp. (A) | 242 | 9,878 |
Financials – 18.4% | 7,200,999 | |
Banks – 9.9% | ||
Associated Banc-Corp | 5,541 | 146,559 |
BancorpSouth Bank | 2,448 | 80,906 |
Bank of Hawaii Corp. | 1,493 | 125,726 |
BankUnited, Inc. | 2,919 | 115,622 |
Cathay General Bancorp | 2,150 | 86,022 |
Chemical Financial Corp. | 1,941 | 106,541 |
Columbia Banking System, Inc. | 1,964 | 78,972 |
Community Bank System, Inc. | 1,398 | 78,638 |
CVB Financial Corp. | 2,837 | 62,840 |
First Citizens BancShares, Inc., Class A | 220 | 95,104 |
First Financial Bankshares, Inc. (B) | 1,739 | 86,167 |
First Hawaiian, Inc. | 1,522 | 41,931 |
First Midwest Bancorp, Inc. | 2,755 | 66,974 |
FNB Corp. | 8,855 | 115,115 |
Fulton Financial Corp. | 6,689 | 113,044 |
Glacier Bancorp, Inc. | 2,197 | 81,355 |
Great Western Bancorp, Inc. | 1,104 | 45,419 |
Hancock Holding Company | 2,797 | 136,633 |
Home BancShares, Inc. | 4,116 | 95,656 |
Hope Bancorp, Inc. | 3,419 | 59,115 |
IBERIABANK Corp. | 1,467 | 109,952 |
International Bancshares Corp. | 1,514 | 60,257 |
Investors Bancorp, Inc. | 8,565 | 114,514 |
MB Financial, Inc. | 2,167 | 92,358 |
Old National Bancorp | 4,135 | 71,122 |
Pinnacle Financial Partners, Inc. | 1,265 | 81,023 |
Popular, Inc. | 3,094 | 143,221 |
Prosperity Bancshares, Inc. | 1,532 | 109,952 |
Simmons First National Corp., Class A | 1,970 | 59,494 |
South State Corp. | 998 | 86,377 |
Sterling Bancorp | 3,522 | 83,648 |
TCF Financial Corp. | 4,885 | 121,295 |
Texas Capital Bancshares, Inc. (A) | 1,347 | 132,882 |
The Bank of NT Butterfield & Son, Ltd. | 1,191 | 56,513 |
UMB Financial Corp. | 1,226 | 93,887 |
Umpqua Holdings Corp. | 6,342 | 149,418 |
United Bankshares, Inc. | 2,692 | 91,393 |
Valley National Bancorp | 8,446 | 105,997 |
Webster Financial Corp. | 2,628 | 158,179 |
Wintrust Financial Corp. | 1,545 | 138,200 |
Capital markets – 2.0% | ||
Artisan Partners Asset Management, Inc., Class A | 1,436 | 46,167 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
Evercore, Inc., Class A | 1,159 | $117,349 |
Federated Investors, Inc., Class B | 3,037 | 80,389 |
Houlihan Lokey, Inc. | 756 | 33,642 |
Interactive Brokers Group, Inc., Class A | 1,889 | 140,164 |
Legg Mason, Inc. | 3,137 | 124,539 |
Moelis & Company, Class A | 969 | 52,132 |
Morningstar, Inc. | 537 | 58,307 |
Stifel Financial Corp. | 2,011 | 117,201 |
Consumer finance – 1.2% | ||
FirstCash, Inc. | 1,283 | 111,236 |
Green Dot Corp., Class A (A) | 1,122 | 68,229 |
Navient Corp. | 7,166 | 95,021 |
OneMain Holdings, Inc. (A) | 2,063 | 63,644 |
SLM Corp. (A) | 11,814 | 135,625 |
Insurance – 4.1% | ||
American Equity Investment Life Holding Company | 2,442 | 73,748 |
American National Insurance Company | 560 | 67,575 |
AmTrust Financial Services, Inc. | 1,354 | 17,453 |
Assurant, Inc. | 1,414 | 131,247 |
Assured Guaranty, Ltd. | 3,151 | 114,350 |
Axis Capital Holdings, Ltd. | 2,335 | 137,065 |
Enstar Group, Ltd. (A) | 306 | 64,306 |
Kemper Corp. | 1,126 | 76,005 |
Mercury General Corp. | 872 | 39,877 |
Primerica, Inc. | 1,643 | 158,960 |
ProAssurance Corp. | 1,993 | 94,269 |
RLI Corp. | 1,438 | 90,997 |
Selective Insurance Group, Inc. | 1,605 | 95,016 |
The Hanover Insurance Group, Inc. | 1,534 | 176,180 |
Validus Holdings, Ltd. | 2,272 | 153,973 |
White Mountains Insurance Group, Ltd. | 115 | 99,508 |
Mortgage real estate investment trusts – 0.1% | ||
Colony Northstar Credit Real Estate, Inc., Class A | 2,251 | 42,859 |
Thrifts and mortgage finance – 1.1% | ||
Essent Group, Ltd. (A) | 2,286 | 75,347 |
LendingTree, Inc. (A)(B) | 223 | 53,163 |
MGIC Investment Corp. (A) | 9,897 | 99,168 |
Radian Group, Inc. | 5,914 | 84,570 |
TFS Financial Corp. | 1,565 | 23,334 |
Washington Federal, Inc. | 3,476 | 110,363 |
Health care – 9.0% | 3,519,760 | |
Biotechnology – 2.0% | ||
Agios Pharmaceuticals, Inc. (A)(B) | 1,414 | 118,649 |
Avexis, Inc. (A) | 755 | 160,558 |
Blueprint Medicines Corp. (A)(B) | 978 | 75,032 |
FibroGen, Inc. (A) | 1,944 | 88,355 |
Halozyme Therapeutics, Inc. (A) | 3,484 | 65,952 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 63 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Biotechnology (continued) | ||
Ligand Pharmaceuticals, Inc. (A)(B) | 555 | $85,942 |
Myriad Genetics, Inc. (A) | 68 | 1,924 |
Puma Biotechnology, Inc. (A) | 84 | 5,355 |
Sarepta Therapeutics, Inc. (A)(B) | 1,544 | 117,900 |
Ultragenyx Pharmaceutical, Inc. (A) | 919 | 46,722 |
United Therapeutics Corp. (A) | 191 | 21,031 |
Health care equipment and supplies – 3.0% | ||
Cantel Medical Corp. | 1,047 | 117,337 |
Globus Medical, Inc., Class A (A) | 1,981 | 101,407 |
Haemonetics Corp. (A) | 1,450 | 113,158 |
ICU Medical, Inc. (A) | 453 | 114,020 |
Inogen, Inc. (A) | 488 | 68,603 |
Insulet Corp. (A) | 1,639 | 140,954 |
Integra LifeSciences Holdings Corp. (A)(B) | 1,756 | 108,222 |
LivaNova PLC (A) | 1,382 | 122,694 |
Masimo Corp. (A) | 1,404 | 125,981 |
Neogen Corp. (A) | 1,402 | 95,546 |
NuVasive, Inc. (A) | 1,408 | 74,920 |
Penumbra, Inc. (A) | 74 | 9,202 |
Health care providers and services – 2.2% | ||
Acadia Healthcare Company, Inc. (A)(B) | 1,979 | 70,413 |
AMN Healthcare Services, Inc. (A) | 1,288 | 86,103 |
Chemed Corp. | 443 | 136,541 |
Encompass Health Corp. | 2,979 | 181,183 |
HealthEquity, Inc. (A) | 1,488 | 97,717 |
MEDNAX, Inc. (A) | 425 | 19,512 |
Molina Healthcare, Inc. (A)(B) | 1,297 | 107,975 |
Patterson Companies, Inc. (B) | 2,719 | 63,298 |
Premier, Inc., Class A (A)(B) | 1,521 | 50,178 |
Select Medical Holdings Corp. (A) | 2,466 | 44,511 |
Health care technology – 0.6% | ||
Allscripts Healthcare Solutions, Inc. (A) | 5,306 | 61,656 |
Cotiviti Holdings, Inc. (A) | 1,160 | 40,066 |
Medidata Solutions, Inc. (A)(B) | 1,595 | 113,819 |
Life sciences tools and services – 1.1% | ||
Bio-Techne Corp. | 1,143 | 172,490 |
Bruker Corp. | 3,099 | 91,513 |
PRA Health Sciences, Inc. (A) | 1,027 | 84,389 |
Syneos Health, Inc. (A) | 1,620 | 61,722 |
Pharmaceuticals – 0.1% | ||
Horizon Pharma PLC (A) | 4,321 | 57,210 |
Industrials – 14.1% | 5,524,306 | |
Aerospace and defense – 0.5% | ||
KLX, Inc. (A) | 1,400 | 109,522 |
Moog, Inc., Class A (A) | 909 | 74,511 |
Airlines – 0.5% | ||
Allegiant Travel Company (B) | 359 | 57,530 |
SkyWest, Inc. | 1,416 | 80,570 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Airlines (continued) | ||
Spirit Airlines, Inc. (A)(B) | 1,966 | $70,226 |
Building products – 1.0% | ||
Armstrong World Industries, Inc. (A) | 1,335 | 74,760 |
JELD-WEN Holding, Inc. (A) | 1,876 | 52,734 |
Simpson Manufacturing Company, Inc. | 1,099 | 60,093 |
Trex Company, Inc. (A) | 791 | 82,169 |
USG Corp. (A) | 3,312 | 133,242 |
Commercial services and supplies – 2.0% | ||
ABM Industries, Inc. | 1,531 | 47,660 |
Cimpress NV (A) | 649 | 93,333 |
Clean Harbors, Inc. (A) | 1,562 | 71,540 |
Deluxe Corp. | 1,540 | 105,552 |
Healthcare Services Group, Inc. (B) | 2,056 | 79,423 |
MSA Safety, Inc. | 945 | 82,064 |
Pitney Bowes, Inc. | 5,341 | 54,585 |
Tetra Tech, Inc. | 1,532 | 74,149 |
The Brink's Company | 1,277 | 94,243 |
UniFirst Corp. | 429 | 68,897 |
Construction and engineering – 1.1% | ||
Dycom Industries, Inc. (A) | 853 | 88,593 |
EMCOR Group, Inc. | 2,118 | 155,864 |
Granite Construction, Inc. | 43 | 2,252 |
MasTec, Inc. (A) | 1,892 | 83,248 |
Valmont Industries, Inc. | 641 | 91,086 |
Electrical equipment – 0.7% | ||
EnerSys | 1,533 | 105,102 |
Generac Holdings, Inc. (A) | 1,903 | 85,654 |
Regal Beloit Corp. | 1,399 | 99,609 |
Machinery – 3.7% | ||
Barnes Group, Inc. | 1,407 | 78,131 |
Colfax Corp. (A) | 2,558 | 79,324 |
Evoqua Water Technologies Corp. (A) | 806 | 16,467 |
Hillenbrand, Inc. | 1,729 | 80,139 |
ITT, Inc. | 2,974 | 145,399 |
John Bean Technologies Corp. | 863 | 92,988 |
Kennametal, Inc. | 2,260 | 82,377 |
Navistar International Corp. (A) | 1,319 | 45,914 |
Proto Labs, Inc. (A) | 682 | 81,260 |
RBC Bearings, Inc. (A) | 678 | 78,906 |
Rexnord Corp. (A) | 2,967 | 81,622 |
Terex Corp. | 3,178 | 116,061 |
The Timken Company | 2,008 | 85,842 |
Trinity Industries, Inc. | 3,872 | 123,401 |
Watts Water Technologies, Inc., Class A | 731 | 54,460 |
Welbilt, Inc. (A) | 3,803 | 72,865 |
Woodward, Inc. | 2,040 | 146,758 |
Marine – 0.4% | ||
Kirby Corp. (A) | 1,663 | 141,854 |
64 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Professional services – 0.9% | ||
ASGN, Inc. (A) | 1,349 | $108,770 |
Insperity, Inc. | 990 | 79,448 |
The Dun & Bradstreet Corp. | 1,004 | 115,771 |
TriNet Group, Inc. (A) | 1,176 | 60,740 |
Road and rail – 1.5% | ||
Avis Budget Group, Inc. (A) | 2,050 | 101,291 |
Genesee & Wyoming, Inc., Class A (A) | 1,711 | 121,823 |
Landstar System, Inc. | 1,516 | 154,101 |
Ryder System, Inc. | 1,481 | 99,864 |
Schneider National, Inc., Class B (B) | 1,865 | 49,758 |
Werner Enterprises, Inc. | 1,283 | 44,007 |
Trading companies and distributors – 1.8% | ||
Air Lease Corp. | 2,759 | 115,023 |
Applied Industrial Technologies, Inc. | 1,062 | 67,915 |
Beacon Roofing Supply, Inc. (A) | 1,885 | 92,271 |
GATX Corp. (B) | 1,014 | 66,153 |
MSC Industrial Direct Company, Inc., Class A | 1,072 | 92,664 |
SiteOne Landscape Supply, Inc. (A) | 1,083 | 74,186 |
Triton International, Ltd. | 957 | 29,677 |
Univar, Inc. (A) | 2,979 | 82,101 |
WESCO International, Inc. (A) | 1,457 | 86,764 |
Information technology – 14.8% | 5,786,366 | |
Communications equipment – 1.6% | ||
ARRIS International PLC (A) | 4,741 | 128,007 |
Ciena Corp. (A) | 4,238 | 109,129 |
InterDigital, Inc. | 957 | 71,249 |
Lumentum Holdings, Inc. (A)(B) | 1,658 | 83,646 |
NetScout Systems, Inc. (A) | 2,357 | 63,993 |
Ubiquiti Networks, Inc. (A)(B) | 657 | 46,818 |
ViaSat, Inc. (A)(B) | 1,556 | 99,553 |
Electronic equipment, instruments and components – 2.1% | ||
Anixter International, Inc. (A) | 833 | 49,064 |
Avnet, Inc. | 545 | 21,380 |
AVX Corp. | 1,569 | 23,158 |
Belden, Inc. | 1,492 | 91,907 |
II-VI, Inc. (A) | 1,197 | 45,606 |
Itron, Inc. (A) | 921 | 60,233 |
Jabil, Inc. | 4,316 | 114,806 |
Littelfuse, Inc. | 627 | 117,199 |
Rogers Corp. (A) | 520 | 55,484 |
SYNNEX Corp. | 724 | 72,523 |
Tech Data Corp. (A) | 1,244 | 94,855 |
Universal Display Corp. (B) | 158 | 13,912 |
Vishay Intertechnology, Inc. | 3,627 | 64,017 |
Internet software and services – 1.6% | ||
2U, Inc. (A) | 1,390 | 111,881 |
Cargurus, Inc. (A) | 252 | 7,792 |
j2 Global, Inc. | 1,530 | 121,451 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Internet software and services (continued) | ||
MuleSoft, Inc., Class A (A) | 2,016 | $89,873 |
New Relic, Inc. (A) | 876 | 61,224 |
Okta, Inc. (A) | 1,072 | 45,892 |
Stamps.com, Inc. (A) | 441 | 100,438 |
Yelp, Inc. (A) | 2,144 | 96,158 |
IT services – 2.4% | ||
Blackhawk Network Holdings, Inc. (A) | 1,581 | 70,987 |
CACI International, Inc., Class A (A) | 683 | 103,167 |
Conduent, Inc. (A) | 5,019 | 97,670 |
CoreLogic, Inc. (A) | 3,050 | 150,975 |
Euronet Worldwide, Inc. (A) | 1,368 | 106,854 |
MAXIMUS, Inc. | 2,131 | 144,120 |
Science Applications International Corp. | 1,151 | 98,744 |
Switch, Inc., Class A (B) | 763 | 10,873 |
Teradata Corp. (A) | 3,440 | 140,765 |
Semiconductors and semiconductor equipment – 2.3% | ||
Advanced Energy Industries, Inc. (A) | 1,086 | 64,671 |
Amkor Technology, Inc. (A) | 1,839 | 15,227 |
Cabot Microelectronics Corp. | 691 | 70,102 |
Cirrus Logic, Inc. (A) | 1,753 | 63,932 |
Cree, Inc. (A) | 2,933 | 109,460 |
Entegris, Inc. | 3,844 | 123,777 |
Integrated Device Technology, Inc. (A) | 3,721 | 103,555 |
Monolithic Power Systems, Inc. | 1,084 | 126,936 |
Silicon Laboratories, Inc. (A) | 1,412 | 131,175 |
Versum Materials, Inc. | 2,948 | 103,711 |
Software – 4.4% | ||
ACI Worldwide, Inc. (A) | 3,242 | 75,377 |
Blackbaud, Inc. | 1,323 | 138,862 |
CommVault Systems, Inc. (A) | 1,041 | 72,818 |
Ebix, Inc. (B) | 567 | 43,943 |
Ellie Mae, Inc. (A)(B) | 918 | 88,927 |
Fair Isaac Corp. (A) | 1,051 | 182,012 |
FireEye, Inc. (A) | 4,598 | 82,994 |
HubSpot, Inc. (A) | 880 | 93,192 |
Manhattan Associates, Inc. (A) | 1,808 | 77,852 |
Nuance Communications, Inc. (A) | 7,961 | 117,186 |
Paylocity Holding Corp. (A) | 658 | 35,947 |
Pegasystems, Inc. | 1,100 | 67,155 |
Proofpoint, Inc. (A) | 1,014 | 119,591 |
Qualys, Inc. (A) | 860 | 66,177 |
RealPage, Inc. (A) | 1,593 | 85,226 |
RingCentral, Inc., Class A (A) | 1,602 | 107,414 |
Verint Systems, Inc. (A) | 1,760 | 74,096 |
Zendesk, Inc. (A) | 2,732 | 133,185 |
Zynga, Inc., Class A (A) | 21,225 | 73,226 |
Technology hardware, storage and peripherals – 0.4% | ||
NCR Corp. (A) | 3,201 | 98,495 |
Pure Storage, Inc., Class A (A)(B) | 2,706 | 54,742 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 65 |
Shares or Principal Amount | Value | |
Materials – 6.8% | $2,680,178 | |
Chemicals – 3.3% | ||
Ashland Global Holdings, Inc. | 1,749 | 115,749 |
Balchem Corp. | 884 | 78,004 |
Cabot Corp. | 2,044 | 114,178 |
HB Fuller Company | 1,579 | 78,113 |
Ingevity Corp. (A) | 1,148 | 88,201 |
Kronos Worldwide, Inc. | 613 | 14,124 |
Minerals Technologies, Inc. | 970 | 66,979 |
NewMarket Corp. | 257 | 97,544 |
Olin Corp. | 760 | 22,944 |
Platform Specialty Products Corp. (A) | 6,093 | 61,357 |
PolyOne Corp. | 2,862 | 119,775 |
Sensient Technologies Corp. | 1,655 | 110,306 |
The Scotts Miracle-Gro Company (B) | 111 | 9,277 |
Trinseo SA | 1,220 | 88,999 |
Valvoline, Inc. | 5,543 | 112,412 |
W.R. Grace & Company | 1,891 | 129,420 |
Construction materials – 0.6% | ||
Eagle Materials, Inc. | 1,395 | 138,049 |
Summit Materials, Inc., Class A (A) | 2,973 | 83,660 |
Containers and packaging – 1.6% | ||
Ardagh Group SA | 533 | 10,831 |
Bemis Company, Inc. | 2,503 | 108,305 |
Graphic Packaging Holding Company | 8,672 | 124,010 |
Greif, Inc., Class A | 807 | 47,226 |
Greif, Inc., Class B | 189 | 11,898 |
Owens-Illinois, Inc. (A) | 4,458 | 90,631 |
Silgan Holdings, Inc. | 2,936 | 82,414 |
Sonoco Products Company | 2,699 | 138,621 |
Metals and mining – 0.6% | ||
Allegheny Technologies, Inc. (A)(B) | 3,357 | 89,195 |
Commercial Metals Company | 3,031 | 63,681 |
Ferroglobe PLC (A) | 1,974 | 22,306 |
Nexa Resources SA (A) | 878 | 15,347 |
Worthington Industries, Inc. | 1,270 | 56,553 |
Paper and forest products – 0.7% | ||
Domtar Corp. | 2,025 | 88,898 |
KapStone Paper and Packaging Corp. | 2,405 | 82,780 |
Louisiana-Pacific Corp. | 4,179 | 118,391 |
Real estate – 11.7% | 4,603,974 | |
Equity real estate investment trusts – 11.4% | ||
Americold Realty Trust | 1,271 | 26,195 |
Apple Hospitality REIT, Inc. | 6,035 | 108,570 |
Brandywine Realty Trust | 5,083 | 81,887 |
Brixmor Property Group, Inc. | 8,207 | 122,202 |
Columbia Property Trust, Inc. | 3,639 | 77,729 |
CoreCivic, Inc. | 3,028 | 61,044 |
CoreSite Realty Corp. | 951 | 98,999 |
Corporate Office Properties Trust | 2,755 | 75,790 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Cousins Properties, Inc. | 11,534 | $102,537 |
CubeSmart | 4,984 | 146,729 |
CyrusOne, Inc. | 2,564 | 137,405 |
EastGroup Properties, Inc. | 966 | 86,727 |
Education Realty Trust, Inc. | 2,125 | 69,934 |
Empire State Realty Trust, Inc., Class A | 4,486 | 78,146 |
EPR Properties | 2,138 | 117,633 |
Equity Commonwealth (A) | 3,525 | 109,240 |
First Industrial Realty Trust, Inc. | 3,303 | 102,756 |
Gramercy Property Trust | 4,369 | 102,672 |
Healthcare Realty Trust, Inc. | 3,411 | 94,928 |
Highwoods Properties, Inc. | 2,817 | 124,004 |
Hospitality Properties Trust | 4,752 | 118,230 |
Hudson Pacific Properties, Inc. | 692 | 22,746 |
JBG SMITH Properties | 2,555 | 94,203 |
LaSalle Hotel Properties | 3,136 | 92,732 |
Life Storage, Inc. | 1,281 | 113,292 |
Medical Properties Trust, Inc. | 9,807 | 125,333 |
National Health Investors, Inc. | 1,139 | 77,760 |
Outfront Media, Inc. | 3,950 | 74,063 |
Paramount Group, Inc. | 5,577 | 80,030 |
Pebblebrook Hotel Trust | 2,073 | 72,534 |
Physicians Realty Trust | 4,811 | 71,876 |
Piedmont Office Realty Trust, Inc., Class A | 4,632 | 83,005 |
PotlatchDeltic Corp. | 1,599 | 82,908 |
PS Business Parks, Inc. | 628 | 72,396 |
Rayonier, Inc. | 3,569 | 132,731 |
Retail Properties of America, Inc., Class A | 6,962 | 80,341 |
RLJ Lodging Trust | 4,916 | 102,105 |
Ryman Hospitality Properties, Inc. | 1,535 | 120,313 |
Sabra Health Care REIT, Inc. | 3,715 | 68,022 |
Senior Housing Properties Trust | 6,410 | 99,804 |
Spirit Realty Capital, Inc. | 12,123 | 97,590 |
STAG Industrial, Inc. | 2,390 | 58,722 |
STORE Capital Corp. | 4,811 | 121,382 |
Sunstone Hotel Investors, Inc. | 6,208 | 96,845 |
Taubman Centers, Inc. | 1,642 | 91,919 |
The GEO Group, Inc. | 3,124 | 70,290 |
Uniti Group, Inc. | 3,516 | 63,358 |
Urban Edge Properties | 2,913 | 59,920 |
Weingarten Realty Investors | 3,307 | 90,843 |
Real estate management and development – 0.3% | ||
Kennedy-Wilson Holdings, Inc. | 2,726 | 51,658 |
Realogy Holdings Corp. (B) | 3,704 | 91,896 |
Telecommunication services – 0.2% | 99,635 | |
Wireless telecommunication services – 0.2% | ||
Telephone & Data Systems, Inc. | 3,094 | 84,559 |
United States Cellular Corp. (A) | 381 | 15,076 |
66 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Utilities – 4.4% | $1,719,813 | |
Electric utilities – 1.6% | ||
ALLETE, Inc. | 1,480 | 113,087 |
Hawaiian Electric Industries, Inc. | 3,972 | 137,789 |
IDACORP, Inc. | 1,769 | 164,517 |
PNM Resources, Inc. | 2,555 | 101,306 |
Portland General Electric Company | 3,073 | 130,541 |
Gas utilities – 1.8% | ||
National Fuel Gas Company | 2,082 | 106,911 |
New Jersey Resources Corp. | 2,811 | 116,235 |
ONE Gas, Inc. | 1,492 | 104,022 |
Southwest Gas Holdings, Inc. | 1,775 | 129,557 |
Spire, Inc. | 1,338 | 96,537 |
WGL Holdings, Inc. | 1,760 | 149,776 |
Independent power and renewable electricity producers –0.3% | ||
NRG Yield, Inc., Class A | 913 | 16,078 |
NRG Yield, Inc., Class C | 1,706 | 30,367 |
Ormat Technologies, Inc. | 1,150 | 66,585 |
Multi-utilities – 0.7% | ||
Avista Corp. | 1,900 | 98,534 |
Black Hills Corp. (B) | 1,463 | 82,923 |
NorthWestern Corp. | 1,366 | 75,048 |
SECURITIES LENDING COLLATERAL – 7.1% | $2,771,051 | |
(Cost $2,770,957) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 277,011 | 2,771,051 |
SHORT-TERM INVESTMENTS – 0.0% | $4,981 | |
(Cost $4,981) | ||
Money market funds – 0.0% | 4,981 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 4,981 | 4,981 |
Total investments (Multifactor Small Cap ETF) (Cost $41,727,141) 107.0% | $41,931,766 | |
Other assets and liabilities, net (7.0%) | (2,751,696) | |
Total net assets 100.0% | $39,180,070 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 4-30-18. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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 – 100.0% | $63,001,123 | |
(Cost $53,490,502) | ||
Consumer discretionary – 0.4% | 242,830 | |
Household durables – 0.4% | ||
Garmin, Ltd. | 4,139 | 242,830 |
Health care – 1.6% | 1,005,958 | |
Health care providers and services – 0.1% | ||
Premier, Inc., Class A (A)(B) | 1,777 | 58,623 |
Health care technology – 1.5% | ||
athenahealth, Inc. (A) | 965 | 118,184 |
Cerner Corp. (A) | 11,047 | 643,488 |
Medidata Solutions, Inc. (A)(B) | 651 | 46,455 |
Veeva Systems, Inc., Class A (A) | 1,985 | 139,208 |
Industrials – 1.1% | 682,930 | |
Aerospace and defense – 1.1% | ||
Harris Corp. | 4,366 | 682,930 |
Information technology – 96.9% | 61,069,405 | |
Communications equipment – 8.0% | ||
Arista Networks, Inc. (A) | 1,027 | 271,693 |
ARRIS International PLC (A) | 7,137 | 192,699 |
Cisco Systems, Inc. | 57,973 | 2,567,624 |
CommScope Holding Company, Inc. (A) | 7,887 | 301,441 |
EchoStar Corp., Class A (A) | 1,429 | 75,080 |
F5 Networks, Inc. (A) | 2,453 | 400,060 |
Juniper Networks, Inc. | 13,060 | 321,145 |
Lumentum Holdings, Inc. (A)(B) | 225 | 11,351 |
Motorola Solutions, Inc. | 3,913 | 429,765 |
Palo Alto Networks, Inc. (A) | 1,516 | 291,845 |
Ubiquiti Networks, Inc. (A)(B) | 817 | 58,219 |
ViaSat, Inc. (A)(B) | 1,921 | 122,906 |
Electronic equipment, instruments and components – 2.3% | ||
CDW Corp. | 5,262 | 375,128 |
Corning, Inc. | 28,418 | 767,854 |
Dolby Laboratories, Inc., Class A | 1,791 | 107,138 |
SYNNEX Corp. | 1,208 | 121,005 |
Tech Data Corp. (A) | 1,067 | 81,359 |
Internet software and services – 16.5% | ||
2U, Inc. (A)(B) | 445 | 35,818 |
Akamai Technologies, Inc. (A) | 6,147 | 440,433 |
Alphabet, Inc., Class A (A) | 2,824 | 2,876,470 |
Alphabet, Inc., Class C (A) | 711 | 723,322 |
ANGI Homeservices, Inc., Class A (A)(B) | 632 | 8,444 |
eBay, Inc. (A) | 19,075 | 722,561 |
Facebook, Inc., Class A (A) | 20,725 | 3,564,700 |
GoDaddy, Inc., Class A (A) | 2,302 | 148,617 |
GrubHub, Inc. (A)(B) | 1,682 | 170,117 |
InterActiveCorp (A) | 2,464 | 399,513 |
j2 Global, Inc. | 2,038 | 161,776 |
LogMeIn, Inc. | 1,556 | 171,471 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 67 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Internet software and services (continued) | ||
Match Group, Inc. (A)(B) | 1,491 | $70,256 |
MuleSoft, Inc., Class A (A) | 647 | 28,843 |
New Relic, Inc. (A) | 282 | 19,709 |
Nutanix, Inc., Class A (A) | 1,037 | 52,462 |
Okta, Inc. (A) | 323 | 13,828 |
Twitter, Inc. (A) | 16,767 | 508,208 |
VeriSign, Inc. (A)(B) | 2,576 | 302,474 |
IT services – 7.0% | ||
Amdocs, Ltd. | 5,160 | 347,010 |
Cognizant Technology Solutions Corp., Class A | 9,772 | 799,545 |
DXC Technology Company | 5,001 | 515,403 |
EPAM Systems, Inc. (A) | 1,312 | 150,027 |
Gartner, Inc. (A)(B) | 2,114 | 256,407 |
IBM Corp. | 10,025 | 1,453,224 |
Leidos Holdings, Inc. | 5,501 | 353,329 |
Sabre Corp. | 6,825 | 140,868 |
Square, Inc., Class A (A) | 4,221 | 199,822 |
Teradata Corp. (A) | 5,210 | 213,193 |
Semiconductors and semiconductor equipment – 24.7% | ||
Advanced Micro Devices, Inc. (A)(B) | 13,027 | 141,734 |
Analog Devices, Inc. | 6,185 | 540,260 |
Applied Materials, Inc. | 13,962 | 693,493 |
Broadcom, Inc. | 4,567 | 1,047,761 |
Cavium, Inc. (A) | 1,393 | 104,489 |
Cypress Semiconductor Corp. | 10,308 | 150,291 |
Entegris, Inc. | 4,583 | 147,573 |
Integrated Device Technology, Inc. (A) | 1,782 | 49,593 |
Intel Corp. | 67,486 | 3,483,627 |
KLA-Tencor Corp. | 3,921 | 398,923 |
Lam Research Corp. | 3,375 | 624,578 |
Marvell Technology Group, Ltd. | 13,515 | 271,111 |
Maxim Integrated Products, Inc. | 9,092 | 495,514 |
Microchip Technology, Inc. (B) | 6,894 | 576,752 |
Micron Technology, Inc. (A) | 27,848 | 1,280,451 |
Microsemi Corp. (A) | 4,165 | 269,434 |
MKS Instruments, Inc. | 1,737 | 177,869 |
Monolithic Power Systems, Inc. | 633 | 74,124 |
NVIDIA Corp. | 4,820 | 1,084,018 |
ON Semiconductor Corp. (A) | 17,855 | 394,238 |
Qorvo, Inc. (A) | 4,018 | 270,813 |
QUALCOMM, Inc. | 16,054 | 818,915 |
Silicon Laboratories, Inc. (A) | 577 | 53,603 |
Skyworks Solutions, Inc. | 6,852 | 594,480 |
Teradyne, Inc. | 7,359 | 239,535 |
Texas Instruments, Inc. | 10,607 | 1,075,868 |
Xilinx, Inc. | 7,822 | 502,485 |
Software – 27.5% | ||
Activision Blizzard, Inc. | 12,310 | 816,769 |
Adobe Systems, Inc. (A) | 3,546 | 785,794 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
ANSYS, Inc. (A) | 2,592 | $419,023 |
Aspen Technology, Inc. (A) | 2,079 | 182,432 |
Atlassian Corp. PLC, Class A (A)(B) | 1,483 | 83,018 |
Autodesk, Inc. (A) | 3,914 | 492,773 |
Blackbaud, Inc. | 1,472 | 154,501 |
CA, Inc. | 13,068 | 454,766 |
Cadence Design Systems, Inc. (A) | 7,959 | 318,838 |
CDK Global, Inc. | 3,811 | 248,630 |
Citrix Systems, Inc. (A) | 4,866 | 500,760 |
Dell Technologies, Inc., Class V (A) | 8,453 | 606,672 |
Electronic Arts, Inc. (A) | 4,071 | 480,297 |
Fair Isaac Corp. (A) | 914 | 158,287 |
Fortinet, Inc. (A) | 2,939 | 162,703 |
Guidewire Software, Inc. (A)(B) | 1,631 | 138,015 |
HubSpot, Inc. (A) | 289 | 30,605 |
Intuit, Inc. | 3,706 | 684,832 |
Microsoft Corp. | 41,897 | 3,918,207 |
Nuance Communications, Inc. (A) | 8,573 | 126,195 |
Oracle Corp. | 37,367 | 1,706,551 |
Paycom Software, Inc. (A)(B) | 1,240 | 141,620 |
Pegasystems, Inc. | 586 | 35,775 |
Proofpoint, Inc. (A) | 834 | 98,362 |
PTC, Inc. (A) | 2,856 | 235,192 |
RealPage, Inc. (A) | 590 | 31,565 |
Red Hat, Inc. (A) | 4,227 | 689,255 |
RingCentral, Inc., Class A (A) | 504 | 33,793 |
salesforce.com, Inc. (A) | 3,830 | 463,392 |
ServiceNow, Inc. (A) | 2,870 | 476,822 |
Snap, Inc., Class A (A)(B) | 4,381 | 62,780 |
Splunk, Inc. (A) | 2,347 | 240,920 |
SS&C Technologies Holdings, Inc. | 6,131 | 304,404 |
Symantec Corp. | 16,237 | 451,226 |
Synopsys, Inc. (A) | 4,627 | 395,655 |
Tableau Software, Inc., Class A (A) | 1,221 | 103,846 |
Take-Two Interactive Software, Inc. (A) | 2,842 | 283,376 |
The Ultimate Software Group, Inc. (A) | 627 | 150,430 |
Tyler Technologies, Inc. (A) | 819 | 179,295 |
VMware, Inc., Class A (A) | 1,058 | 140,989 |
Workday, Inc., Class A (A) | 2,236 | 279,142 |
Zendesk, Inc. (A) | 873 | 42,559 |
Technology hardware, storage and peripherals – 10.9% | ||
Apple, Inc. | 21,213 | 3,505,660 |
Hewlett Packard Enterprise Company | 27,412 | 467,375 |
HP, Inc. | 22,250 | 478,153 |
NCR Corp. (A) | 4,790 | 147,388 |
NetApp, Inc. | 10,893 | 725,256 |
Pure Storage, Inc., Class A (A)(B) | 814 | 16,467 |
Seagate Technology PLC | 9,921 | 574,327 |
Western Digital Corp. | 11,918 | 939,019 |
68 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
SECURITIES LENDING COLLATERAL – 3.3% | $2,084,023 | |
(Cost $2,083,929) | ||
John Hancock Collateral Trust, 1.8834% (C)(D) | 208,331 | $2,084,023 |
SHORT-TERM INVESTMENTS – 0.1% | $87,290 | |
(Cost $87,290) | ||
Money market funds – 0.1% | 87,290 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (C) | 87,290 | 87,290 |
Total investments (Multifactor Technology ETF) (Cost $55,661,721) 103.4% | $65,172,436 | |
Other assets and liabilities, net (3.4%) | (2,154,642) | |
Total net assets 100.0% | $63,017,794 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | A portion of this security is on loan as of 4-30-18. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-18. |
(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 – 100.0% | $17,837,353 | |
(Cost $17,921,840) | ||
Energy – 3.2% | 569,380 | |
Oil, gas and consumable fuels – 3.2% | ||
ONEOK, Inc. | 9,455 | 569,380 |
Utilities – 96.8% | 17,267,973 | |
Electric utilities – 54.0% | ||
Alliant Energy Corp. | 5,612 | 241,035 |
American Electric Power Company, Inc. | 9,087 | 635,908 |
Avangrid, Inc. | 2,084 | 109,848 |
Duke Energy Corp. | 12,192 | 977,311 |
Edison International | 11,971 | 784,340 |
Entergy Corp. | 4,861 | 396,609 |
Eversource Energy | 9,781 | 589,305 |
Exelon Corp. | 23,647 | 938,313 |
FirstEnergy Corp. | 14,243 | 489,959 |
Great Plains Energy, Inc. | 6,174 | 202,075 |
Hawaiian Electric Industries, Inc. | 2,835 | 98,346 |
IDACORP, Inc. | 1,335 | 124,155 |
NextEra Energy, Inc. | 5,916 | 969,692 |
PG&E Corp. | 10,230 | 471,603 |
Pinnacle West Capital Corp. | 4,176 | 336,168 |
Portland General Electric Company | 3,524 | 149,700 |
PPL Corp. | 11,492 | 334,417 |
The Southern Company | 13,688 | 631,291 |
Westar Energy, Inc. | 4,447 | 240,938 |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Electric utilities (continued) | ||
Xcel Energy, Inc. | 19,566 | $916,471 |
Gas utilities – 4.7% | ||
Atmos Energy Corp. | 3,121 | 271,184 |
National Fuel Gas Company | 3,046 | 156,412 |
UGI Corp. | 6,000 | 290,340 |
WGL Holdings, Inc. | 1,392 | 118,459 |
Independent power and renewable electricity producers –4.2% | ||
AES Corp. | 22,836 | 279,513 |
NRG Energy, Inc. | 8,753 | 271,343 |
Vistra Energy Corp. (A) | 8,333 | 190,409 |
Multi-utilities – 31.2% | ||
Ameren Corp. | 8,846 | 518,553 |
CenterPoint Energy, Inc. | 15,181 | 384,535 |
CMS Energy Corp. | 8,550 | 403,475 |
Consolidated Edison, Inc. | 10,653 | 853,625 |
Dominion Energy, Inc. | 8,581 | 571,151 |
DTE Energy Company | 4,998 | 526,789 |
NiSource, Inc. | 11,123 | 271,290 |
Public Service Enterprise Group, Inc. | 16,196 | 844,621 |
SCANA Corp. | 4,324 | 158,993 |
Sempra Energy | 3,010 | 336,518 |
Vectren Corp. | 2,403 | 168,859 |
WEC Energy Group, Inc. | 8,272 | 531,724 |
Water utilities – 2.7% | ||
American Water Works Company, Inc. | 4,222 | 365,541 |
Aqua America, Inc. | 3,333 | 117,155 |
SHORT-TERM INVESTMENTS – 0.2% | $45,648 | |
(Cost $45,648) | ||
Money market funds – 0.2% | 45,648 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 1.6333% (B) | 45,648 | 45,648 |
Total investments (Multifactor Utilities ETF) (Cost $17,967,488) 100.2% | $17,883,001 | |
Other assets and liabilities, net (0.2%) | (39,019) | |
Total net assets 100.0% | $17,843,982 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 4-30-18. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 69 |
Financial statements
STATEMENTS OF ASSETS AND LIABILITIES 4-30-18
STATEMENTS OF ASSETS AND LIABILITIES 4-30-18
Continued
Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | ||||||||||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at value | $68,595,361 | $41,158,789 | $31,762,977 | |||||||||||||||||||||||||||||||||||||||
Affiliated investments, at value | 547,788 | — | — | |||||||||||||||||||||||||||||||||||||||
Total investments, at value | 69,143,149 | 41,158,789 | 31,762,977 | |||||||||||||||||||||||||||||||||||||||
Cash | 54 | — | — | |||||||||||||||||||||||||||||||||||||||
Dividends and interest receivable | 36,388 | 22,874 | 13,984 | |||||||||||||||||||||||||||||||||||||||
Receivable for securities lending income | 50 | — | — | |||||||||||||||||||||||||||||||||||||||
Receivable due from advisor | — | 215 | 5,965 | |||||||||||||||||||||||||||||||||||||||
Other receivables and prepaid expenses | 7,669 | 7,238 | 5,706 | |||||||||||||||||||||||||||||||||||||||
Total assets | 69,187,310 | 41,189,116 | 31,788,632 | |||||||||||||||||||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 547,861 | — | — | |||||||||||||||||||||||||||||||||||||||
Payable to affiliates | ||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 7,453 | 4,498 | 3,422 | |||||||||||||||||||||||||||||||||||||||
Trustees' fees | 129 | 76 | 60 | |||||||||||||||||||||||||||||||||||||||
Investment management fees | 50 | — | — | |||||||||||||||||||||||||||||||||||||||
Other liabilities and accrued expenses | 79,761 | 76,395 | 62,760 | |||||||||||||||||||||||||||||||||||||||
Total liabilities | 635,254 | 80,969 | 66,242 | |||||||||||||||||||||||||||||||||||||||
Net assets | $68,552,056 | $41,108,147 | $31,722,390 | |||||||||||||||||||||||||||||||||||||||
Net assets consist of | ||||||||||||||||||||||||||||||||||||||||||
Paid-in capital | $59,535,134 | $39,511,807 | $28,079,979 | |||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | 261,518 | 84,860 | 59,049 | |||||||||||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | (389,545 | ) | (508,781 | ) | (203,432 | ) | ||||||||||||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on investments | 9,144,949 | 2,020,261 | 3,786,794 | |||||||||||||||||||||||||||||||||||||||
Net assets | $68,552,056 | $41,108,147 | $31,722,390 | |||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at cost | 59,450,425 | 39,138,528 | 27,976,183 | |||||||||||||||||||||||||||||||||||||||
Affiliated investments, at cost | 547,775 | — | — | |||||||||||||||||||||||||||||||||||||||
Securities loaned, unaffiliated investments, at value | 535,248 | — | — | |||||||||||||||||||||||||||||||||||||||
Net asset value per share | ||||||||||||||||||||||||||||||||||||||||||
Based on net asset values and shares outstanding-the fund has an unlimited number of shares authorized with no par value | ||||||||||||||||||||||||||||||||||||||||||
Net assets | 68,552,056 | 41,108,147 | 31,722,390 | |||||||||||||||||||||||||||||||||||||||
Shares outstanding | 1,860,000 | 1,320,000 | 940,000 | |||||||||||||||||||||||||||||||||||||||
Net asset value per share | $36.86 | $31.14 | $33.75 |
STATEMENTS OF ASSETS AND LIABILITIES 4-30-18
Continued
Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Mid Cap ETF | ||||||||||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at value | $401,311,336 | $23,148,853 | $331,936,052 | |||||||||||||||||||||||||||||||||||||||
Affiliated investments, at value | 9,548,172 | — | 20,334,398 | |||||||||||||||||||||||||||||||||||||||
Total investments, at value | 410,859,508 | 23,148,853 | 352,270,450 | |||||||||||||||||||||||||||||||||||||||
Cash | — | — | 114 | |||||||||||||||||||||||||||||||||||||||
Receivable for fund shares sold | 870,263 | — | — | |||||||||||||||||||||||||||||||||||||||
Dividends and interest receivable | 282,823 | 21,367 | 152,520 | |||||||||||||||||||||||||||||||||||||||
Receivable for securities lending income | 2,573 | — | 5,195 | |||||||||||||||||||||||||||||||||||||||
Receivable due from advisor | — | 8,862 | — | |||||||||||||||||||||||||||||||||||||||
Other receivables and prepaid expenses | 17,410 | 5,641 | 12,939 | |||||||||||||||||||||||||||||||||||||||
Total assets | 412,032,577 | 23,184,723 | 352,441,218 | |||||||||||||||||||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||||||||||||
Payable for investments purchased | 983,124 | — | — | |||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 9,550,103 | — | 20,338,081 | |||||||||||||||||||||||||||||||||||||||
Payable to affiliates | ||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 44,939 | 2,801 | 33,224 | |||||||||||||||||||||||||||||||||||||||
Trustees' fees | 730 | 44 | 570 | |||||||||||||||||||||||||||||||||||||||
Investment management fees | 65,705 | — | 67,001 | |||||||||||||||||||||||||||||||||||||||
Other liabilities and accrued expenses | 128,476 | 61,839 | 114,240 | |||||||||||||||||||||||||||||||||||||||
Total liabilities | 10,773,077 | 64,684 | 20,553,116 | |||||||||||||||||||||||||||||||||||||||
Net assets | $401,259,500 | $23,120,039 | $331,888,102 | |||||||||||||||||||||||||||||||||||||||
Net assets consist of | ||||||||||||||||||||||||||||||||||||||||||
Paid-in capital | $352,177,021 | $20,046,560 | $304,279,640 | |||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | 1,559,441 | 76,198 | 754,804 | |||||||||||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | (1,742,422 | ) | (202,005 | ) | (2,920,942 | ) | ||||||||||||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on investments | 49,265,460 | 3,199,286 | 29,774,600 | |||||||||||||||||||||||||||||||||||||||
Net assets | $401,259,500 | $23,120,039 | $331,888,102 | |||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at cost | 352,046,143 | 19,949,567 | 302,162,027 | |||||||||||||||||||||||||||||||||||||||
Affiliated investments, at cost | 9,547,905 | — | 20,333,823 | |||||||||||||||||||||||||||||||||||||||
Securities loaned, unaffiliated investments, at value | 9,254,560 | — | 19,733,718 | |||||||||||||||||||||||||||||||||||||||
Net asset value per share | ||||||||||||||||||||||||||||||||||||||||||
Based on net asset values and shares outstanding-the fund has an unlimited number of shares authorized with no par value | ||||||||||||||||||||||||||||||||||||||||||
Net assets | 401,259,500 | 23,120,039 | 331,888,102 | |||||||||||||||||||||||||||||||||||||||
Shares outstanding | 11,625,000 | 680,000 | 9,750,000 | |||||||||||||||||||||||||||||||||||||||
Net asset value per share | $34.52 | $34.00 | $34.04 |
STATEMENTS OF ASSETS AND LIABILITIES 4-30-18
Continued
Multifactor Small Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF | ||||||||||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at value | $39,160,715 | $63,088,413 | $17,883,001 | |||||||||||||||||||||||||||||||||||||||
Affiliated investments, at value | 2,771,051 | 2,084,023 | — | |||||||||||||||||||||||||||||||||||||||
Total investments, at value | 41,931,766 | 65,172,436 | 17,883,001 | |||||||||||||||||||||||||||||||||||||||
Receivable for investments sold | — | 17,203 | — | |||||||||||||||||||||||||||||||||||||||
Receivable for fund shares sold | 1,926,885 | — | — | |||||||||||||||||||||||||||||||||||||||
Dividends and interest receivable | 16,452 | 11,569 | 18,463 | |||||||||||||||||||||||||||||||||||||||
Receivable for securities lending income | 1,666 | 1,263 | — | |||||||||||||||||||||||||||||||||||||||
Receivable due from advisor | — | — | 12,001 | |||||||||||||||||||||||||||||||||||||||
Other receivables and prepaid expenses | 36,734 | 7,761 | 5,577 | |||||||||||||||||||||||||||||||||||||||
Total assets | 43,913,503 | 65,210,232 | 17,919,042 | |||||||||||||||||||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||||||||||||
Payable for investments purchased | 1,924,855 | 16,406 | 11,884 | |||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 2,771,211 | 2,084,443 | — | |||||||||||||||||||||||||||||||||||||||
Payable to affiliates | ||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 3,302 | 7,242 | 2,191 | |||||||||||||||||||||||||||||||||||||||
Trustees' fees | 61 | 116 | 31 | |||||||||||||||||||||||||||||||||||||||
Investment management fees | 6,196 | 5,880 | — | |||||||||||||||||||||||||||||||||||||||
Other liabilities and accrued expenses | 27,808 | 78,351 | 60,954 | |||||||||||||||||||||||||||||||||||||||
Total liabilities | 4,733,433 | 2,192,438 | 75,060 | |||||||||||||||||||||||||||||||||||||||
Net assets | $39,180,070 | $63,017,794 | $17,843,982 | |||||||||||||||||||||||||||||||||||||||
Net assets consist of | ||||||||||||||||||||||||||||||||||||||||||
Paid-in capital | $39,152,810 | $53,437,502 | $18,065,144 | |||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | 151,658 | 75,026 | 121,194 | |||||||||||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | (329,023 | ) | (5,449 | ) | (257,869 | ) | ||||||||||||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on investments | 204,625 | 9,510,715 | (84,487 | ) | ||||||||||||||||||||||||||||||||||||||
Net assets | $39,180,070 | $63,017,794 | $17,843,982 | |||||||||||||||||||||||||||||||||||||||
Unaffiliated investments, at cost | 38,956,184 | 53,577,792 | 17,967,488 | |||||||||||||||||||||||||||||||||||||||
Affiliated investments, at cost | 2,770,957 | 2,083,929 | — | |||||||||||||||||||||||||||||||||||||||
Securities loaned, unaffiliated investments, at value | 2,688,942 | 2,031,822 | — | |||||||||||||||||||||||||||||||||||||||
Net asset value per share | ||||||||||||||||||||||||||||||||||||||||||
Based on net asset values and shares outstanding-the fund has an unlimited number of shares authorized with no par value | ||||||||||||||||||||||||||||||||||||||||||
Net assets | 39,180,070 | 63,017,794 | 17,843,982 | |||||||||||||||||||||||||||||||||||||||
Shares outstanding | 1,525,000 | 1,470,000 | 650,000 | |||||||||||||||||||||||||||||||||||||||
Net asset value per share | $25.69 | $42.87 | $27.45 |
STATEMENTS OF OPERATIONS For the year ended 4-30-18
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Energy ETF | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment income | |||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $586,962 | $550,704 | $1,572,027 | $620,684 | |||||||||||||||||||||||||||||||||||||||||||||||
Non-cash dividends | — | — | 113,907 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Securities lending | 14,521 | 1,463 | 9,668 | 3,396 | |||||||||||||||||||||||||||||||||||||||||||||||
Interest | 471 | 342 | 870 | 268 | |||||||||||||||||||||||||||||||||||||||||||||||
Less foreign taxes withheld | — | — | (143,983 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
Total investment income | 601,954 | 552,509 | 1,552,489 | 624,348 | |||||||||||||||||||||||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees | 171,318 | 97,498 | 229,360 | 98,554 | |||||||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 8,523 | 4,854 | 12,011 | 5,072 | |||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 15,600 | 15,600 | 15,600 | 15,600 | |||||||||||||||||||||||||||||||||||||||||||||||
Trustees' fees | 1,300 | 1,007 | 1,468 | 1,016 | |||||||||||||||||||||||||||||||||||||||||||||||
Printing and postage | 19,742 | 18,309 | 33,708 | 18,582 | |||||||||||||||||||||||||||||||||||||||||||||||
Professional fees | 29,713 | 25,486 | 60,100 | 24,790 | |||||||||||||||||||||||||||||||||||||||||||||||
Custodian fees | 62,283 | 51,867 | 43,755 | 51,869 | |||||||||||||||||||||||||||||||||||||||||||||||
Stock exchange listing fees | 4,873 | 10,644 | 4,189 | 10,644 | |||||||||||||||||||||||||||||||||||||||||||||||
Other | 10,068 | 7,267 | 5,553 | 7,307 | |||||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 323,420 | 232,532 | 405,744 | 233,434 | |||||||||||||||||||||||||||||||||||||||||||||||
Less expense reductions | (133,069 | ) | (124,201 | ) | (176,282 | ) | (123,929 | ) | |||||||||||||||||||||||||||||||||||||||||||
Net expenses | 190,351 | 108,331 | 229,462 | 109,505 | |||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 411,603 | 444,178 | 1,323,027 | 514,843 | |||||||||||||||||||||||||||||||||||||||||||||||
Realized and unrealized gain (loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and foreign currency transactions | (403,847 | ) | (132,355 | ) | (457,337 | ) | (823,207 | ) | |||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | (967 | ) | (268 | ) | (703 | ) | (275 | ) | |||||||||||||||||||||||||||||||||||||||||||
Redemptions in kind | 2,839,135 | 120,353 | 4,304,559 | 839,147 | |||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | 2,778 | — | (715 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
2,437,099 | (12,270 | ) | 3,845,804 | 15,665 | |||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) of | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 663,915 | (1,421,731 | ) | 1,852,780 | 2,661,643 | ||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | 118 | 31 | 279 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||
664,033 | (1,421,700 | ) | 1,853,059 | 2,661,687 | |||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) | 3,101,132 | (1,433,970 | ) | 5,698,863 | 2,677,352 | ||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets from operations | $3,512,735 | $(989,792 | ) | $7,021,890 | $3,192,195 |
STATEMENTS OF OPERATIONS For the year ended 4-30-18
Continued
Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | |||||||||||||||||||||||||||||||||||||||||||||||||
Investment income | |||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $982,086 | $471,917 | $383,284 | ||||||||||||||||||||||||||||||||||||||||||||||||
Securities lending | 764 | 919 | 865 | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest | 493 | 535 | 355 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total investment income | 983,343 | 473,371 | 384,504 | ||||||||||||||||||||||||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees | 251,025 | 165,314 | 117,284 | ||||||||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 12,580 | 8,168 | 5,771 | ||||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 15,600 | 15,600 | 15,600 | ||||||||||||||||||||||||||||||||||||||||||||||||
Trustees' fees | 1,592 | 1,249 | 1,088 | ||||||||||||||||||||||||||||||||||||||||||||||||
Printing and postage | 23,151 | 22,049 | 18,287 | ||||||||||||||||||||||||||||||||||||||||||||||||
Professional fees | 38,632 | 28,538 | 27,187 | ||||||||||||||||||||||||||||||||||||||||||||||||
Custodian fees | 62,283 | 62,283 | 51,869 | ||||||||||||||||||||||||||||||||||||||||||||||||
Stock exchange listing fees | 4,873 | 4,873 | 10,644 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other | 10,330 | 7,550 | 7,334 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 420,066 | 315,624 | 255,064 | ||||||||||||||||||||||||||||||||||||||||||||||||
Less expense reductions | (141,150 | ) | (131,886 | ) | (124,750 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Net expenses | 278,916 | 183,738 | 130,314 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 704,427 | 289,633 | 254,190 | ||||||||||||||||||||||||||||||||||||||||||||||||
Realized and unrealized gain (loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and foreign currency transactions | (202,623 | ) | (214,785 | ) | (125,701 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | (86 | ) | (163 | ) | (253 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Redemptions in kind | 3,430,632 | 3,554,166 | 584,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | — | 3,220 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
3,227,923 | 3,342,438 | 458,046 | |||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) of | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 4,211,448 | (828,744 | ) | 1,566,013 | |||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | 13 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
4,211,461 | (828,744 | ) | 1,566,013 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) | 7,439,384 | 2,513,694 | 2,024,059 | ||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets from operations | $8,143,811 | $2,803,327 | $2,278,249 |
STATEMENTS OF OPERATIONS For the year ended 4-30-18
Continued
Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Mid Cap ETF | |||||||||||||||||||||||||||||||||||||||||||||||||
Investment income | |||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $7,055,680 | $410,055 | $3,594,420 | ||||||||||||||||||||||||||||||||||||||||||||||||
Securities lending | 24,225 | 71 | 43,001 | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest | 2,902 | 278 | 2,606 | ||||||||||||||||||||||||||||||||||||||||||||||||
Less foreign taxes withheld | — | — | (1,394 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
Total investment income | 7,082,807 | 410,404 | 3,638,633 | ||||||||||||||||||||||||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees | 1,113,465 | 101,322 | 984,767 | ||||||||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 85,073 | 5,004 | 55,964 | ||||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 15,600 | 15,600 | 15,600 | ||||||||||||||||||||||||||||||||||||||||||||||||
Trustees' fees | 7,600 | 1,030 | 4,746 | ||||||||||||||||||||||||||||||||||||||||||||||||
Printing and postage | 39,470 | 18,570 | 38,298 | ||||||||||||||||||||||||||||||||||||||||||||||||
Professional fees | 146,125 | 25,900 | 103,762 | ||||||||||||||||||||||||||||||||||||||||||||||||
Custodian fees | 77,816 | 51,869 | 64,550 | ||||||||||||||||||||||||||||||||||||||||||||||||
Stock exchange listing fees | 4,873 | 10,644 | 4,873 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other | 16,144 | 7,214 | 13,235 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 1,506,166 | 237,153 | 1,285,795 | ||||||||||||||||||||||||||||||||||||||||||||||||
Less expense reductions | (189,332 | ) | (124,574 | ) | (176,862 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Net expenses | 1,316,834 | 112,579 | 1,108,933 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 5,765,973 | 297,825 | 2,529,700 | ||||||||||||||||||||||||||||||||||||||||||||||||
Realized and unrealized gain (loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and foreign currency transactions | (807,727 | ) | (80,470 | ) | (2,322,695 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | (2,198 | ) | — | (4,258 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
Redemptions in kind | 15,921,827 | 1,083,771 | 8,436,464 | ||||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | 75,332 | — | 44,645 | ||||||||||||||||||||||||||||||||||||||||||||||||
�� | 15,187,234 | 1,003,301 | 6,154,156 | ||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) of | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 23,496,320 | 1,031,567 | 16,735,528 | ||||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | 267 | — | 575 | ||||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | (1,185 | ) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
23,495,402 | 1,031,567 | 16,736,103 | |||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) | 38,682,636 | 2,034,868 | 22,890,259 | ||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets from operations | $44,448,609 | $2,332,693 | $25,419,959 |
STATEMENTS OF OPERATIONS For the year ended 4-30-18
Continued
Multifactor Small Cap ETF1 | Multifactor Technology ETF | Multifactor Utilities ETF | |||||||||||||||||||||||||||||||||||||||||||||||||
Investment income | |||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $215,019 | $661,452 | $616,588 | ||||||||||||||||||||||||||||||||||||||||||||||||
Securities lending | 3,725 | 9,140 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest | 99 | 660 | 209 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total investment income | 218,843 | 671,252 | 616,797 | ||||||||||||||||||||||||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees | 69,816 | 252,119 | 84,636 | ||||||||||||||||||||||||||||||||||||||||||||||||
Accounting and legal services fees | 3,302 | 12,732 | 4,128 | ||||||||||||||||||||||||||||||||||||||||||||||||
Transfer agent fees | 1,777 | 15,600 | 15,600 | ||||||||||||||||||||||||||||||||||||||||||||||||
Trustees' fees | 422 | 1,545 | 970 | ||||||||||||||||||||||||||||||||||||||||||||||||
Printing and postage | 12,713 | 22,335 | 18,060 | ||||||||||||||||||||||||||||||||||||||||||||||||
Professional fees | 29,949 | 33,707 | 24,603 | ||||||||||||||||||||||||||||||||||||||||||||||||
Custodian fees | 9,417 | 62,283 | 51,869 | ||||||||||||||||||||||||||||||||||||||||||||||||
Stock exchange listing fees | 3,018 | 4,873 | 10,644 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other | 3,866 | 7,815 | 7,178 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total expenses | 134,280 | 413,009 | 217,688 | ||||||||||||||||||||||||||||||||||||||||||||||||
Less expense reductions | (61,985 | ) | (132,825 | ) | (123,635 | ) | |||||||||||||||||||||||||||||||||||||||||||||
Net expenses | 72,295 | 280,184 | 94,053 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 146,548 | 391,068 | 522,744 | ||||||||||||||||||||||||||||||||||||||||||||||||
Realized and unrealized gain (loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and foreign currency transactions | (330,188 | ) | 35,166 | (167,217 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | (253 | ) | (514 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
Redemptions in kind | 642,552 | 7,900,425 | 573,314 | ||||||||||||||||||||||||||||||||||||||||||||||||
Futures contracts | 1,145 | 2,441 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
313,256 | 7,937,518 | 406,097 | |||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) of | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 204,531 | 2,172,380 | (759,307 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
Affiliated investments | 94 | 94 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
204,625 | 2,172,474 | (759,307 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) | 517,881 | 10,109,992 | (353,210 | ) | |||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets from operations | $664,429 | $10,501,060 | $169,534 |
1 Period from 11-8-17 (commencement of operations) to 4-30-18.
STATEMENTS OF CHANGES IN NET ASSETS
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year ended 4-30-18 | Year ended 4-30-17 | Year ended 4-30-18 | Year ended 4-30-17 | Year ended 4-30-18 | Period ended 4-30-171 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $411,603 | $456,732 | $444,178 | $238,816 | $1,323,027 | $300,702 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 2,437,099 | (145,879 | ) | (12,270 | ) | 53,441 | 3,845,804 | 197,156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 664,033 | 2,516,491 | (1,421,700 | ) | 46,093 | 1,853,059 | 2,273,139 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 3,512,735 | 2,827,344 | (989,792 | ) | 338,350 | 7,021,890 | 2,770,997 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (353,350 | ) | (432,608 | ) | (374,081 | ) | (159,742 | ) | (1,088,858 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 21,733,939 | 14,489,796 | 18,068,125 | 14,592,527 | 50,277,139 | 32,444,015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (9,151,532 | ) | (1,374,195 | ) | (11,604,592 | ) | (2,590,338 | ) | (21,315,427 | ) | (2,607,602 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 12,582,407 | 13,115,601 | 6,463,533 | 12,002,189 | 28,961,712 | 29,836,413 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 15,741,792 | 15,510,337 | 5,099,660 | 12,180,797 | 34,894,744 | 32,607,410 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 30,849,249 | 15,338,912 | 17,209,451 | 5,028,654 | 32,607,410 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | $46,591,041 | $30,849,249 | $22,309,111 | $17,209,451 | $67,502,154 | $32,607,410 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $140,612 | $82,359 | $156,588 | $86,491 | $633,024 | $306,167 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 1,100,000 | 600,000 | 650,000 | 200,000 | 1,200,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 720,000 | 550,000 | 670,000 | 550,000 | 1,700,000 | 1,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (300,000 | ) | (50,000 | ) | (440,000 | ) | (100,000 | ) | (700,000 | ) | (100,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | 1,520,000 | 1,100,000 | 880,000 | 650,000 | 2,200,000 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year ended 4-30-18 | Year ended 4-30-17 | Year ended 4-30-18 | Year ended 4-30-17 | Year ended 4-30-18 | Year ended 4-30-17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $514,843 | $194,356 | $704,427 | $381,686 | $289,633 | $282,023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 15,665 | 100,607 | 3,227,923 | 1,153,886 | 3,342,438 | 107,370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 2,661,687 | (470,595 | ) | 4,211,461 | 4,991,903 | (828,744 | ) | 2,251,743 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 3,192,195 | (175,632 | ) | 8,143,811 | 6,527,475 | 2,803,327 | 2,641,136 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (451,108 | ) | (122,206 | ) | (574,205 | ) | (325,897 | ) | (339,741 | ) | (181,449 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 32,824,093 | 12,736,058 | 28,800,846 | 23,289,238 | 21,374,617 | 15,098,515 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (14,984,090 | ) | (1,429,500 | ) | (10,319,798 | ) | (6,004,275 | ) | (15,605,217 | ) | (1,436,628 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 17,840,003 | 11,306,558 | 18,481,048 | 17,284,963 | 5,769,400 | 13,661,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 20,581,090 | 11,008,720 | 26,050,654 | 23,486,541 | 8,232,986 | 16,121,574 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 16,454,560 | 5,445,840 | 42,501,402 | 19,014,861 | 32,875,161 | 16,753,587 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | $37,035,650 | $16,454,560 | $68,552,056 | $42,501,402 | $41,108,147 | $32,875,161 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $137,479 | $73,744 | $261,518 | $131,296 | $84,860 | $134,968 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 600,000 | 200,000 | 1,350,000 | 750,000 | 1,150,000 | 650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 1,130,000 | 450,000 | 790,000 | 800,000 | 680,000 | 550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (550,000 | ) | (50,000 | ) | (280,000 | ) | (200,000 | ) | (510,000 | ) | (50,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | 1,180,000 | 600,000 | 1,860,000 | 1,350,000 | 1,320,000 | 1,150,000 |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
Multifactor Industrials ETF | Multifactor Large Cap ETF | Multifactor Materials ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year ended 4-30-18 | Year ended 4-30-17 | Year ended 4-30-18 | Year ended 4-30-17 | Year ended 4-30-18 | Year ended 4-30-17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $254,190 | $175,588 | $5,765,973 | $3,759,101 | $297,825 | $202,921 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 458,046 | 341,130 | 15,187,234 | 6,745,779 | 1,003,301 | 201,742 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 1,566,013 | 2,148,911 | 23,495,402 | 24,997,878 | 1,031,567 | 1,842,421 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 2,278,249 | 2,665,629 | 44,448,609 | 35,502,758 | 2,332,693 | 2,247,084 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (242,432 | ) | (131,217 | ) | (5,555,907 | ) | (2,525,455 | ) | (287,581 | ) | (144,934 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 10,714,903 | 16,488,222 | 99,743,442 | 336,448,827 | 4,413,001 | 14,134,376 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (2,310,319 | ) | (2,815,378 | ) | (79,378,170 | ) | (54,224,798 | ) | (3,388,643 | ) | (1,538,515 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 8,404,584 | 13,672,844 | 20,365,272 | 282,224,029 | 1,024,358 | 12,595,861 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 10,440,401 | 16,207,256 | 59,257,974 | 315,201,332 | 3,069,470 | 14,698,011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 21,281,989 | 5,074,733 | 342,001,526 | 26,800,194 | 20,050,569 | 5,352,558 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | $31,722,390 | $21,281,989 | $401,259,500 | $342,001,526 | $23,120,039 | $20,050,569 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $59,049 | $47,291 | $1,559,441 | $1,349,378 | $76,198 | $65,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 700,000 | 200,000 | 11,000,000 | 1,004,107 | 650,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 310,000 | 600,000 | 3,000,000 | 11,800,000 | 130,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (70,000 | ) | (100,000 | ) | (2,375,000 | ) | (1,804,107 | ) | (100,000 | ) | (50,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | 940,000 | 700,000 | 11,625,000 | 11,000,000 | 680,000 | 650,000 |
Multifactor Mid Cap ETF | Multifactor Small Cap ETF | Multifactor Technology ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year ended 4-30-18 | Year ended 4-30-17 | Period ended 4-30-182 | Year ended 4-30-18 | Year ended 4-30-17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $2,529,700 | $1,300,669 | $146,548 | $391,068 | $314,646 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 6,154,156 | 4,144,567 | 313,256 | 7,937,518 | 1,096,948 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | 16,736,103 | 12,471,627 | 204,625 | 2,172,474 | 7,363,147 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 25,419,959 | 17,916,863 | 664,429 | 10,501,060 | 8,774,741 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (2,178,013 | ) | (974,578 | ) | — | (406,563 | ) | (327,970 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 168,861,976 | 165,935,421 | 43,112,668 | 32,182,493 | 20,338,821 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (30,309,042 | ) | (32,339,068 | ) | (4,597,027 | ) | (21,382,149 | ) | (4,766,332 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 138,552,934 | 133,596,353 | 38,515,641 | 10,800,344 | 15,572,489 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 161,794,880 | 150,538,638 | 39,180,070 | 20,894,841 | 24,019,260 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 170,093,222 | 19,554,584 | — | 42,122,953 | 18,103,693 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | $331,888,102 | $170,093,222 | $39,180,070 | $63,017,794 | $42,122,953 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $754,804 | $403,119 | $151,658 | $75,026 | $90,521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 5,550,000 | 750,000 | — | 1,200,000 | 700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 5,100,000 | 5,900,000 | 1,700,000 | 790,000 | 650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (900,000 | ) | (1,100,000 | ) | (175,000 | ) | (520,000 | ) | (150,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | 9,750,000 | 5,550,000 | 1,525,000 | 1,470,000 | 1,200,000 |
2 Period from 11-8-17 (commencement of operations) to 4-30-18.
STATEMENTS OF CHANGES IN NET ASSETS
Continued
Multifactor Utilities ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year ended 4-30-18 | Year ended 4-30-17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | $522,744 | $341,726 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) | 406,097 | 29,313 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) | (759,307 | ) | 692,382 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in net assets resulting from operations | 169,534 | 1,063,421 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (524,500 | ) | (223,656 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From fund share transactions | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 10,614,994 | 13,096,687 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (9,977,761 | ) | (1,346,085 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from fund share transactions | 637,233 | 11,750,602 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total increase | 282,267 | 12,590,367 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 17,561,715 | 4,971,348 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | $17,843,982 | $17,561,715 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Undistributed net investment income | $121,194 | $122,950 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of year | 650,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 370,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares repurchased | (370,000 | ) | (50,000 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
End of year | 650,000 | 650,000 |
Financial highlights
MULTIFACTOR CONSUMER DISCRETIONARY ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $28.04 | $25.56 | $24.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.32 | 0.51 | 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 2.58 | 2.45 | 1.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.90 | 2.96 | 1.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.29 | ) | (0.48 | ) | (0.07 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $30.65 | $28.04 | $25.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | 10.37 | 11.78 | 5.87 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $47 | $31 | $15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.85 | 1.07 | 1.27 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.08 | 1.93 | 1.22 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 9 | 16 | 5 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR CONSUMER STAPLES ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $26.48 | $25.14 | $25.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.55 | 0.48 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments | (1.24 | ) | 1.21 | (0.01 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | (0.69 | ) | 1.69 | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.44 | ) | (0.35 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $25.35 | $26.48 | $25.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | (2.67 | ) | 6.75 | 0.08 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $22 | $17 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.07 | 1.18 | 5.96 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 2.05 | 1.86 | 1.49 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 14 | 11 | 0 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Financial highlights continued
MULTIFACTOR DEVELOPED INTERNATIONAL ETF
Period Ended | 4-30-18 | 4-30-17 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $27.17 | $24.54 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.77 | 0.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.43 | 2.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 4.20 | 2.63 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.69 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $30.68 | $27.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | 15.64 | 10.73 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $68 | $33 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||
�� | Expenses before reductions | 0.80 | 0.99 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.45 | 0.45 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 2.60 | 3.02 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 15 | 8 |
1 | Period from 12-15-16 (commencement of operations) to 4-30-17. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR ENERGY ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $27.42 | $27.23 | $24.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.66 | 3 | 0.42 | — | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.85 | 0.06 | 5 | 2.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 4.51 | 0.48 | 2.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.54 | ) | (0.29 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $31.39 | $27.42 | $27.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)6 | 16.69 | 1.73 | 9.63 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $37 | $16 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.07 | 1.15 | 5.86 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 2.35 | 3 | 1.46 | 0.20 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)9 | 16 | 30 | 2 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Net investment income per share and the percentage of average net assets reflect special dividends received by the fund, which amounted to $0.16 and 0.58%, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Less than $0.005 per share. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | 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/portfolio. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR FINANCIALS ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $31.48 | $25.35 | $24.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.45 | 0.38 | 0.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 5.30 | 6.10 | 0.85 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 5.75 | 6.48 | 1.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.37 | ) | (0.35 | ) | (0.08 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $36.86 | $31.48 | $25.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 18.33 | 25.78 | 4.33 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $69 | $43 | $19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.75 | 0.99 | 1.19 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.26 | 1.32 | 1.41 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 8 | 7 | 11 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 HEALTHCARE ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $28.59 | $25.77 | $23.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.24 | 0.30 | 0.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 2.62 | 2.72 | 1.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.86 | 3.02 | 1.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.31 | ) | (0.20 | ) | �� | (0.05 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $31.14 | $28.59 | $25.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | 10.04 | 11.78 | 7.89 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $41 | $33 | $17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.86 | 1.06 | 1.23 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.79 | 1.12 | 0.74 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 11 | 14 | 6 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Financial highlights continued
MULTIFACTOR INDUSTRIALS ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $30.40 | $25.37 | $25.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.33 | 0.35 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.33 | 4.94 | 0.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.66 | 5.29 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.31 | ) | (0.26 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $33.75 | $30.40 | $25.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | 12.04 | 20.95 | 1.45 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $32 | $21 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.98 | 1.12 | 5.95 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.98 | 1.24 | 0.50 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 3 | 8 | — | 7 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Less than 1%. |
MULTIFACTOR LARGE CAP ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $31.09 | $26.69 | $24.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.51 | 0.49 | 0.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.42 | 4.31 | 2.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.93 | 4.80 | 2.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.50 | ) | (0.40 | ) | (0.10 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $34.52 | $31.09 | $26.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | 12.69 | 18.13 | 10.01 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $401 | $342 | $27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.40 | 0.45 | 0.93 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.35 | 0.35 | 0.35 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.53 | 1.67 | 1.80 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 5 | 12 | 6 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR MATERIALS ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $30.85 | $26.76 | $25.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.44 | 0.44 | 0.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.13 | 3.97 | 1.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.57 | 4.41 | 1.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.42 | ) | (0.32 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $34.00 | $30.85 | $26.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | 11.62 | 16.58 | 6.63 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $23 | $20 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.05 | 1.15 | 5.85 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | �� | 0.50 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.32 | 1.51 | 1.57 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 10 | 17 | 0 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR MID CAP ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $30.65 | $26.07 | $24.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.34 | 0.33 | 0.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 3.36 | 4.58 | 1.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 3.70 | 4.91 | 1.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.31 | ) | (0.33 | ) | (0.08 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $34.04 | $30.65 | $26.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)3 | 12.11 | 18.96 | 7.70 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $332 | $170 | $20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.52 | 0.61 | 1.11 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.45 | 0.45 | 0.45 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 1.03 | 1.16 | 1.44 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)6 | 11 | 14 | 12 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Financial highlights continued
MULTIFACTOR SMALL CAP ETF
Period Ended | 4-30-18 | 1 | |||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||
Net asset value, beginning of period | $25.00 | ||||||||||||||||||||||
Net investment income2 | 0.13 | ||||||||||||||||||||||
Net realized and unrealized gain on investments | 0.56 | ||||||||||||||||||||||
Total from investment operations | 0.69 | ||||||||||||||||||||||
Net asset value, end of period | $25.69 | ||||||||||||||||||||||
Total return (%)3 | 2.77 | 4 | |||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||
Net assets, end of period (in millions) | $39 | ||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||
Expenses before reductions | 0.90 | 5,6 | |||||||||||||||||||||
Expenses including reductions | 0.51 | 5,6 | |||||||||||||||||||||
Net investment income | 1.05 | 5 | |||||||||||||||||||||
Portfolio turnover (%)7 | 17 |
1 | Period from 11-8-17 (commencement of operations) to 4-30-18. | |||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. | |||||||||||||||||||||||||
4 | Not annualized. | |||||||||||||||||||||||||
5 | Annualized. | |||||||||||||||||||||||||
6 | Certain expenses are presented unannualized due to the short reporting period. | |||||||||||||||||||||||||
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR TECHNOLOGY ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $35.10 | $25.86 | $24.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.28 | 0.34 | 0.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain on investments | 7.77 | 9.30 | 1.26 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 8.05 | 9.64 | 1.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.28 | ) | (0.40 | ) | (0.09 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $42.87 | $35.10 | $25.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 23.02 | 37.66 | 6.26 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $63 | $42 | $18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 0.74 | 1.00 | 1.18 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 0.70 | 1.11 | 1.75 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 7 | 18 | 11 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 UTILITIES ETF
Period Ended | 4-30-18 | 4-30-17 | 4-30-16 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share operating performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $27.02 | $24.86 | $24.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income2 | 0.77 | 0.71 | 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.34 | 3 | 1.94 | (0.08 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 1.11 | 2.65 | (0.06 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From net investment income | (0.68 | ) | (0.49 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $27.45 | $27.02 | $24.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total return (%)4 | 4.14 | 10.79 | (0.27 | ) 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets, end of period (in millions) | $18 | $18 | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratios (as a percentage of average net assets): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses before reductions | 1.16 | 1.18 | 6.05 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses including reductions | 0.50 | 0.50 | 0.50 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | 2.78 | 2.77 | 0.95 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover (%)7 | 12 | 16 | 0 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Based on average daily shares outstanding. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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), thirteen 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 Small Cap ETF | John Hancock Dimensional Small Cap Index |
Multifactor Technology ETF | John Hancock Dimensional Technology Index |
Multifactor Utilities ETF | John Hancock Dimensional Utilities Index |
Multifactor Small Cap ETF commenced operations on November 8, 2017.
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. 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 fund's 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 April 30, 2018, all funds' investments are categorized as Level 1 under the hierarchy described above, except for Multifactor Developed International ETF and Multifactor Healthcare ETF.
The following is a summary of the values by input classification of Multifactor Developed International ETF and Multifactor Healthcare ETF's investments as of April 30, 2018, by major security category or type:
MULTIFACTOR DEVELOPED INTERNATIONAL ETF
Total value at 4-30-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||
Investments in securities: | |||||
Assets | |||||
Common stocks | |||||
Australia | $4,194,307 | $4,194,307 | — | — | |
Austria | 151,412 | 151,412 | — | — | |
Belgium | 970,546 | 970,546 | — | — | |
Chile | 50,131 | 50,131 | — | — | |
Denmark | 965,147 | 965,147 | — | — | |
Finland | 732,652 | 732,652 | — | — | |
France | 6,835,780 | 6,835,780 | — | — | |
Germany | 6,315,059 | 6,315,059 | — | — | |
Hong Kong | 2,207,389 | 2,207,389 | — | — | |
Ireland | 567,841 | 567,841 | — | — | |
Israel | 170,286 | 170,286 | — | — | |
Italy | 1,506,168 | 1,506,168 | — | — | |
Japan | 17,109,347 | 17,109,347 | — | — | |
Jersey, Channel Islands | 45,827 | 45,827 | — | — | |
Luxembourg | 247,550 | 247,550 | — | — | |
Macau | 122,706 | 122,706 | — | — | |
Mexico | 28,519 | 28,519 | — | — | |
Netherlands | 2,608,941 | 2,608,941 | — | — | |
New Zealand | 63,659 | 63,659 | — | — | |
Norway | 438,785 | 438,785 | — | — | |
Portugal | 82,545 | 82,545 | — | — | |
Singapore | 687,942 | 687,942 | — | — | |
South Africa | 188,850 | 188,850 | — | — | |
Spain | 2,100,332 | 2,100,332 | — | — | |
Sweden | 1,853,407 | 1,853,407 | — | — | |
Switzerland | 5,263,889 | 5,263,889 | — | — | |
United Arab Emirates | 16,955 | 16,955 | — | — | |
United Kingdom | 10,989,494 | 10,987,365 | $2,129 | — | |
United States | 19,914 | 19,914 | — | — | |
Preferred securities | 440,325 | 440,325 | — | — | |
Securities lending collateral | 3,394,758 | 3,394,758 | — | — | |
Short-term investments | 6,622 | 6,622 | — | — | |
Total investments in securities | $70,377,085 | $70,374,956 | $2,129 | — |
MULTIFACTOR HEALTHCARE ETF
Total value at 4-30-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |||||||||||
Investments in securities: | ||||||||||||||
Assets |
Total value at 4-30-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |||||||||||
Common stocks | ||||||||||||||
Health care | ||||||||||||||
Biotechnology | $8,059,720 | $8,056,947 | — | $2,773 | ||||||||||
Health care equipment and supplies | 9,409,556 | 9,409,556 | — | — | ||||||||||
Health care providers and services | 11,665,308 | 11,665,308 | — | — | ||||||||||
Life sciences tools and services | 2,393,430 | 2,393,430 | — | — | ||||||||||
Pharmaceuticals | 9,572,147 | 9,572,147 | — | — | ||||||||||
Short-term investments | 58,628 | 58,628 | — | — | ||||||||||
Total investments in securities | $41,158,789 | $41,156,016 | — | $2,773 |
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 fund 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 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 received 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 April 30, 2018, the following funds loaned securities and received cash collateral as follows:
Fund | Market value of securities on loan | Cash collateral received |
Multifactor Consumer Discretionary ETF | $2,617,327 | $2,692,621 |
Multifactor Consumer Staples ETF | 981,345 | 1,015,138 |
Multifactor Developed International ETF | 3,237,179 | 3,395,182 |
Multifactor Energy ETF | 1,742,355 | 1,754,394 |
Multifactor Financials ETF | 535,248 | 547,861 |
Multifactor Large Cap ETF | 9,254,560 | 9,550,103 |
Multifactor Mid Cap ETF | 19,733,718 | 20,338,081 |
Multifactor Small Cap ETF | 2,688,942 | 2,771,211 |
Multifactor Technology ETF | 2,031,822 | 2,084,443 |
Foreign investing. 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. Foreign investments are 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.
Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.
Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriation taxes imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. Estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes, less any amounts reclaimable.
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. Effective January 19, 2018, Multifactor Small Cap ETF entered into the existing $750 million unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the funds can borrow up to an aggregate commitment amount of $500 million, subject to asset coverage and other limitations as specified in the agreement. 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.
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. For the year ended April 30, 2018, the funds had no borrowings under either line of credit.
Commitment fees for the year ended April 30, 2018 were as follows:
Fund | Commitment fee |
Multifactor Consumer Discretionary ETF | $2,053 |
Multifactor Consumer Staples ETF | 2,020 |
Multifactor Developed International ETF | 2,087 |
Multifactor Energy ETF | 2,025 |
Multifactor Financials ETF | 2,092 |
Multifactor Healthcare ETF | 2,053 |
Multifactor Industrials ETF | 2,026 |
Multifactor Large Cap ETF | 2,807 |
Multifactor Materials ETF | 2,024 |
Multifactor Mid Cap ETF | 2,508 |
Multifactor Small Cap ETF | 597 |
Multifactor Technology ETF | 2,100 |
Multifactor Utilities ETF | 2,016 |
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, 2018, the funds have short-term and long-term capital loss carryforwards available to offset future net realized gains. These carryforwards do not expire. The following table details the capital loss carryforwards available as of April 30, 2018:
Fund | Short term | Long term | ||||||
Multifactor Consumer Discretionary ETF | $564,286 | $307,041 | ||||||
Multifactor Consumer Staples ETF | 169,749 | 42,968 | ||||||
Multifactor Developed International ETF | 518,653 | — | ||||||
Multifactor Energy ETF | 872,204 | 122,960 | ||||||
Multifactor Financials ETF | 357,396 | 28,720 | ||||||
Multifactor Healthcare ETF | 281,155 | 216,273 | ||||||
Multifactor Industrials ETF | 158,995 | 42,879 | ||||||
Multifactor Large Cap ETF | 1,571,412 | 48,191 | ||||||
Multifactor Materials ETF | 200,212 | — | ||||||
Multifactor Mid Cap ETF | 2,168,321 | 660,920 | ||||||
Multifactor Small Cap ETF | 324,109 | — | ||||||
Multifactor Technology ETF | 2,575 | — |
Fund | Short term | Long term | ||||||
Multifactor Utilities ETF | $248,532 | $2,814 |
As of April 30, 2018, the funds have 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.
For federal income tax purposes, the costs of investments owned on April 30, 2018, 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 | $46,049,206 | $5,263,028 | ($1,984,576 | ) | $3,278,452 | |||||||||
Multifactor Consumer Staples ETF | 24,743,614 | 803,008 | (2,207,340 | ) | (1,404,332 | ) | ||||||||
Multifactor Developed International ETF | 66,341,668 | 5,183,003 | (1,147,586 | ) | 4,035,417 | |||||||||
Multifactor Energy ETF | 36,146,328 | 3,324,345 | (660,933 | ) | 2,663,412 | |||||||||
Multifactor Financials ETF | 60,001,631 | 9,825,494 | (683,976 | ) | 9,141,518 | |||||||||
Multifactor Healthcare ETF | 39,149,881 | 3,714,865 | (1,705,957 | ) | 2,008,908 | |||||||||
Multifactor Industrials ETF | 27,977,741 | 4,643,201 | (857,965 | ) | 3,785,236 | |||||||||
Multifactor Large Cap ETF | 361,716,867 | 63,481,005 | (14,338,364 | ) | 49,142,641 | |||||||||
Multifactor Materials ETF | �� | 19,951,360 | 3,465,283 | (267,790 | ) | 3,197,493 | ||||||||
Multifactor Mid Cap ETF | 322,587,551 | 38,114,578 | (8,431,679 | ) | 29,682,899 | |||||||||
Multifactor Small Cap ETF | 41,732,055 | 1,730,668 | (1,530,957 | ) | 199,711 | |||||||||
Multifactor Technology ETF | 55,664,595 | 10,039,951 | (532,110 | ) | 9,507,841 | |||||||||
Multifactor Utilities ETF | 17,974,011 | 582,489 | (673,499 | ) | (91,010 | ) |
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.
The tax character of distributions for the year ended April 30, 2018 was as follows:
2018 Distributions | |
Portfolio | Ordinary income |
Multifactor Consumer Discretionary ETF | $353,350 |
Multifactor Consumer Staples ETF | 374,081 |
Multifactor Developed International ETF | 1,088,858 |
Multifactor Energy ETF | 451,108 |
Multifactor Financials ETF | 574,205 |
Multifactor Healthcare ETF | 339,741 |
Multifactor Industrials ETF | 242,432 |
Multifactor Large Cap ETF | 5,555,907 |
Multifactor Materials ETF | 287,581 |
Multifactor Mid Cap ETF | 2,178,013 |
Multifactor Technology ETF | 406,563 |
Multifactor Utilities ETF | 524,500 |
The tax character of distributions for the year ended April 30, 2017 was as follows:
2017 Distributions | |
Portfolio | Ordinary income |
Multifactor Consumer Discretionary ETF | $432,608 |
Multifactor Consumer Staples ETF | 159,742 |
Multifactor Energy ETF | 122,206 |
Multifactor Financials ETF | 325,897 |
Multifactor Healthcare ETF | 181,449 |
Multifactor Industrials ETF | 131,217 |
Multifactor Large Cap ETF | 2,525,455 |
Multifactor Materials ETF | 144,934 |
Multifactor Mid Cap ETF | 974,578 |
Multifactor Technology ETF | 327,970 |
Multifactor Utilities ETF | 223,656 |
Distributions paid by the funds with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of April 30, 2018, the components of distributable earnings on a tax basis were as follows:
Portfolio | Undistributed ordinary income |
Multifactor Consumer Discretionary ETF | $140,612 |
Multifactor Consumer Staples ETF | 156,588 |
Multifactor Developed International ETF | 726,078 |
Multifactor Energy ETF | 137,479 |
Multifactor Financials ETF | 261,518 |
Multifactor Healthcare ETF | 84,860 |
Multifactor Industrials ETF | 59,049 |
Multifactor Large Cap ETF | 1,559,441 |
Multifactor Materials ETF | 76,198 |
Multifactor Mid Cap ETF | 754,804 |
Multifactor Small Cap ETF | 151,658 |
Multifactor Technology ETF | 75,026 |
Multifactor Utilities ETF | 121,194 |
Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital.
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, wash sale loss deferrals, 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 transactions are set by the broker or applicable clearinghouse.
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 the 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 fund. When the contract is closed, the fund records 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 year ended April 30, 2018. In addition, the table summarizes the ranges of notional values held by the funds, as measured at each quarter end:
Fund | Reason | USD notional range | ||||||
Multifactor Consumer Discretionary ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $135,000 | ||||||
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 $269,000 | ||||||
Multifactor Healthcare ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $268,000 | ||||||
Multifactor Large Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $129,000 |
Fund | Reason | USD notional range | ||||||
Multifactor Mid Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $1,483,000 | ||||||
Multifactor Small Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $137,000 | ||||||
Multifactor Technology ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $131,000 |
There were no open futures contracts as of April 30, 2018.
Effect of derivative instruments on the Statement 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 year ended April 30, 2018:
Statements of operations location - net realized gain (loss) on: | ||||||||
Fund | Risk | Futures contracts | ||||||
Multifactor Consumer Discretionary ETF | Equity | $2,778 | ||||||
Multifactor Developed International ETF | Equity | (715 | ) | |||||
Multifactor Healthcare ETF | Equity | 3,220 | ||||||
Multifactor Large Cap ETF | Equity | 75,332 | ||||||
Multifactor Mid Cap ETF | Equity | 44,645 | ||||||
Multifactor Small Cap ETF | Equity | 1,145 | ||||||
Multifactor Technology ETF | Equity | 2,441 |
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 year ended April 30, 2018:
Statement of operations location - change in unrealized appreciation (depreciation) of: | ||||||||
Fund | Risk | Futures contracts | ||||||
Multifactor Large Cap ETF | Equity | ($1,185 | ) |
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 fund's average daily net assets and b) 0.420% of the fund's 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 |
• | Multifactor Small Cap ETF — 0.500% for all asset levels |
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 year ended April 30, 2018, 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 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:
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 Large Cap ETF | 0.35% | |
Multifactor Consumer Staples ETF | 0.50% | Multifactor Materials ETF | 0.50% | |
Multifactor Developed International ETF | 0.45% | Multifactor Mid Cap ETF | 0.45% | |
Multifactor Energy ETF | 0.50% | Multifactor Small Cap ETF | 0.50% | |
Multifactor Financials ETF | 0.50% | Multifactor Technology ETF | 0.50% | |
Multifactor Healthcare ETF | 0.50% | Multifactor Utilities ETF | 0.50% | |
Multifactor Industrials 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, excluding Multifactor Small Cap ETF, 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 limitation for Multifactor Small Cap ETF expires on August 31, 2019, unless renewed by mutual agreement of the fund 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 year ended April 30, 2018:
Fund | Expense reimbursement | Fund | Expense reimbursement | |
Multifactor Consumer Discretionary ETF | $133,069 | Multifactor Large Cap ETF | $189,332 | |
Multifactor Consumer Staples ETF | 124,201 | Multifactor Materials ETF | 124,574 | |
Multifactor Developed International ETF | 176,282 | Multifactor Mid Cap ETF | 176,862 | |
Multifactor Energy ETF | 123,929 | Multifactor Small Cap ETF | 61,985 | |
Multifactor Financials ETF | 141,150 | Multifactor Technology ETF | 132,825 | |
Multifactor Healthcare ETF | 131,886 | Multifactor Utilities ETF | 123,635 | |
Multifactor Industrials ETF | 124,750 |
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 year ended April 30, 2018 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 | 0.10% | Multifactor Large Cap ETF | 0.25% | |
Multifactor Consumer Staples ETF | 0.00% | Multifactor Materials ETF | 0.00% | |
Multifactor Developed International ETF | 0.10% | Multifactor Mid Cap ETF | 0.33% | |
Multifactor Energy ETF | 0.00% | Multifactor Small Cap ETF | 0.06% | |
Multifactor Financials ETF | 0.20% | Multifactor Technology ETF | 0.21% | |
Multifactor Healthcare ETF | 0.09% | Multifactor Utilities ETF | 0.00% | |
Multifactor Industrials 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, compliance, 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 year ended April 30, 2018 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
Effective March 2, 2018, Multifactor Large Cap ETF, Multifactor Mid Cap ETF, and Multifactor Small Cap ETF 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 25,000 shares. Effective March 2, 2018 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, Multifactor Utilities ETF will issue and redeem shares at NAV in creation units of 10,000 shares. Prior to March 2, 2018, the aforementioned funds issued and redeemed shares at NAV in creation units of 50,000 shares. Multifactor Developed International ETF will issue and redeem shares at NAV in creation units of 100,000 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 April 30, 2018:
Fund | % by Fund |
Multifactor Consumer Discretionary ETF | 58% |
Multifactor Consumer Staples ETF | 64% |
Multifactor Developed International ETF | 45% |
Multifactor Energy ETF | 45% |
Multifactor Financials ETF | 48% |
Multifactor Healthcare ETF | 52% |
Multifactor Industrials ETF | 60% |
Multifactor Materials ETF | 80% |
Multifactor Small Cap ETF | 66% |
Multifactor Technology ETF | 53% |
Multifactor Utilities ETF | 88% |
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 year ended April 30, 2018. In addition, purchases and sales of in-kind transactions are aggregated below for the year ended April 30, 2018:
Purchases | Sales and maturities | ||||
Fund | In-kind transactions | Other issuers | In-kind transactions | Other issuers | |
Multifactor Consumer Discretionary ETF | $21,670,746 | $3,424,576 | $8,912,587 | $3,553,855 | |
Multifactor Consumer Staples ETF | 18,033,584 | 2,897,079 | 11,096,307 | 3,299,682 | |
Multifactor Developed International ETF | 49,846,109 | 7,633,317 | 20,650,018 | 7,920,177 | |
Multifactor Energy ETF | 32,819,406 | 3,746,701 | 14,846,533 | 3,848,811 | |
Multifactor Financials ETF | 28,813,875 | 4,347,333 | 10,236,771 | 4,312,153 | |
Multifactor Healthcare ETF | 21,369,735 | 4,051,502 | 14,340,667 | 5,339,984 | |
Multifactor Industrials ETF | 10,707,646 | 880,994 | 1,794,338 | 1,375,884 | |
Multifactor Large Cap ETF | 99,590,065 | 18,376,997 | 78,635,889 | 18,372,761 | |
Multifactor Materials ETF | 4,412,852 | 2,270,898 | 3,370,482 | 2,273,398 | |
Multifactor Mid Cap ETF | 168,655,161 | 27,718,192 | 29,924,003 | 27,357,062 | |
Multifactor Small Cap ETF | 43,060,730 | 5,534,661 | 4,564,803 | 5,369,347 | |
Multifactor Technology ETF | 32,174,778 | 4,154,367 | 20,349,730 | 5,151,738 | |
Multifactor Utilities ETF | 10,614,918 | 2,245,297 | 9,680,846 | 2,543,166 |
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 April 30, 2018, funds within the John Hancock group of funds complex held 49.5% and 30.1% of net asset of Multifactor Large Cap ETF and Multifactor Mid Cap ETF, respectively. 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 | John Hancock Variable Insurance Trust Lifestyle Growth MVP | 27.2% | ||||||
John Hancock Variable Insurance Trust Lifestyle Balanced MVP | 21.2% |
Fund | Affiliated Fund | Affiliated Concentration | ||||||
Multifactor Mid Cap ETF | John Hancock Variable Insurance Trust Lifestyle Growth MVP | 16.5% | ||||||
John Hancock Variable Insurance Trust Lifestyle Balanced MVP | 12.9% |
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 such funds' 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 such funds' 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.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Trustees of John Hancock Exchange-Traded Fund Trust and Shareholders of 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, and John Hancock Multifactor Utilities ETF
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the funds' investments, of each of the funds listed in the table below (constituting John Hancock Exchange-Traded Fund Trust, hereafter collectively referred to as the "Funds") as of April 30, 2018, the related statements of operations, of changes in net assets, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of April 30, 2018, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for each of the periods indicated in the table below in conformity with accounting principles generally accepted in the United States of America.
Individual fund comprising the John Hancock Exchange-Traded Fund Trust | Statement of operations | Statements of changes in net assets | Financial Highlights |
John Hancock Multifactor Consumer Discretionary ETF John Hancock Multifactor Financials ETF John Hancock Multifactor Healthcare ETF John Hancock Multifactor Large Cap ETF John Hancock Multifactor Mid Cap ETF John Hancock Multifactor Technology ETF | For the year ended April 30, 2018 | For the years ended April 30, 2018 and 2017 | For the years ended April 30, 2018 and 2017, and for the period September 28, 2015 (commencement of operations) through April 30, 2016 |
John Hancock Multifactor Consumer Staples ETF John Hancock Multifactor Energy ETF John Hancock Multifactor Industrials ETF John Hancock Multifactor Materials ETF John Hancock Multifactor Utilities ETF | For the year ended April 30, 2018 | For the years ended April 30, 2018 and 2017 | For the years ended April 30, 2018 and 2017, and for the period March 28, 2016 (commencement of operations) through April 30, 2016 |
John Hancock Multifactor Developed International ETF | For the year ended April 30, 2018 | For the year ended April 30, 2018 and for the period December 15, 2016 (commencement of operations) through April 30, 2017 | |
John Hancock Multifactor Small Cap ETF | For the period November 8, 2017 (commencement of operations) through April 30, 2018 |
Basis for Opinions
These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of April 30, 2018 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
PricewaterhouseCoopers LLP
Boston, Massachusetts
June 14, 2018
We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.
Unaudited
For federal income tax purposes, the following information is furnished with respect to the distributions of each fund, if any, paid during its taxable year ended April 30, 2018.
Each fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.
Each fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.
As of April 30, 2018, for Multifactor Developed International ETF, income derived from foreign sources was $1,515,208. The fund intends to pass through foreign tax credits of $120,678.
Eligible shareholders will be mailed a 2018 Form 1099-DIV in early 2019. This will reflect the tax character of all distributions paid in calendar year 2018.
Please consult a tax advisor regarding the tax consequences of your investment in a fund.
EVALUATION OF ADVISORY AND SUBADVISORY AGREEMENTS BY THE BOARD OF TRUSTEES
Approval of Advisory and Subadvisory Agreements
At in-person meetings held on September 25-28, 2017, the Board of Trustees (the Board) of John Hancock Exchange-Traded Fund Trust (the Trust), including all of 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), approved the establishment of John Hancock Multifactor Small Cap ETF (the New Fund).
This section describes the evaluation by the Board of:
(a) | an amendment to the advisory agreement between the Trust and John Hancock Advisers, LLC (the Advisor) (the Advisory Agreement); and | |
(b) | an amendment to the subadvisory agreement between the Advisor and Dimensional Fund Advisors LP (the Subadvisor) with respect to the New Fund (the Subadvisory Agreement). |
In considering the Advisory Agreement and the Subadvisory Agreement with respect to the New Fund, the Board received in advance of the meetings a variety of materials relating to the New Fund, the Advisor and the Subadvisor, including comparative fee and expense information for a peer group of similar exchange-traded funds and a broader universe of exchange-traded funds, simulated performance information of the New Fund's underlying index (Underlying Index) as compared to applicable benchmarks, and other information provided by the Advisor and the Subadvisor regarding the nature, extent, and quality of services to be provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor's anticipated profitability in connection with its proposed relationship to the New Fund and any compensation paid to affiliates of the Advisor. 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 other John Hancock Funds, including other exchange-traded funds, (the Funds), including quarterly performance reports prepared by management containing reviews of investment results, and periodic presentations from the Subadvisor with respect to the other Funds that it manages. The Board also considered the nature, quality, and extent of the non-advisory services, if any, to be provided to the New Fund by the Advisor and/or its affiliates, including administrative services. The Board also took into account information with respect to the New Fund presented at their June 19-22, 2017 in-person meeting. The Board considered the Advisory Agreement and 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 New Fund.
Throughout the process, the Board asked questions of and were afforded the opportunity to request additional information from management. The Board is assisted by legal counsel for the Trust, and the Independent Trustees were 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 Advisory Agreement and Subadvisory Agreement and discussed the proposed Advisory Agreement and Subadvisory Agreement 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 the New 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 have been based in part on their consideration of the advisory and subadvisory arrangements for other Funds in prior years.
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 to be provided to the New Fund, the Board considered 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. The Board also noted that, on a regular basis, they receive and review information from the Funds' Chief Compliance Officer (CCO) regarding the Funds' compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board considered the investment strategy and Underlying Index of the New Fund. 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 New 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 would be responsible for the management of the day-to-day operations of the New Fund, including but not limited to, general supervision and coordination of the services to be provided by the Subadvisor, and also would be responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers, including the New Fund's distributor. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the New Fund 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 to be provided by the Advisor, the Trustees also took into account their knowledge of the Advisor's management of other Funds and the quality of the performance of the Advisor's duties with respect to other Funds, through Board meetings, discussions and reports during the preceding year and through each Trustee's experience as a trustee of the other trusts in the complex.
In the course of its 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, including those with the Subadvisor, 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 New Fund; | ||
(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 New Fund; | ||
(f) | the Advisor's initiatives intended to improve various aspects of the Trust's operations and investor experience with the New Fund; and | ||
(g) | the Advisor's reputation and experience in serving as an investment advisor 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 provide a high quality of services under the Advisory Agreement with respect to the New Fund.
Investment performance. In connection with its consideration of the Advisory Agreement, the Board considered the New Fund's investment strategy and processes, including the fact that the New Fund will seek performance that closely corresponds to its Underlying Index, which was developed by, and will be maintained by , the Subadvisor. The Board also considered the simulated performance of the New Fund's Underlying Index as compared to applicable benchmarks. The Board concluded that the performance of the New Fund's Underlying Index has generally been in line with or outperformed the historical performance of the New Fund's benchmark index over the long-term.
Fees and Expenses. The Board reviewed comparative information including, among other data, the New Fund's anticipated management fees and total net expenses as compared to similarly situated exchange-traded funds deemed to be comparable to the New 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 noted that the New Fund's anticipated management fees include both advisory and administrative costs. The Board reviewed information provided by the Advisor concerning investment advisory fees charged 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 Subadvisor's services to the New Fund and the services they provide to other such comparable clients or funds. The Board noted that the proposed total expenses are higher than the peer group median.
The Board took into account management's discussion of the New Fund's anticipated expenses. The Board also took into account management's discussion with respect to the proposed management fee, the fees of the Subadvisor, including the amount of the advisory fee to be 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, and not the New Fund, would be responsible for paying the subadvisory fees, and that such fees are negotiated at arm's length with respect to the Subadvisor. The Board also took into account that management has agreed to implement an overall fee waiver across a number of funds in the complex, including the New Fund, which is discussed further below. The Board also noted that the Advisor has contractually agreed to waive fees and/or reimburse expenses with respect to the New Fund for a specified period.
The Board concluded that the advisory fees to be paid by the New Fund are reasonable in light of the nature, extent and quality of the services expected to be provided to the New Fund 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 from the Advisor's relationship with the New Fund, the Board:
(a) | noted that because the New Fund was not yet in existence, no actual revenue, cost or profitability data was available for the Board to review; | ||
(b) | reviewed and considered information presented by the Advisor regarding the advisory fees and advisory spreads prior to distribution, operations and overhead for the New Fund; | ||
(c) | noted that the Advisor will derive reputational and other indirect benefits from providing advisory services to the New Fund; | ||
(d) | noted that the subadvisory fee for the New Fund will be paid by Advisor and is negotiated at arm's length; | ||
(e) | noted that the Advisor will also pay the Subadvisor a license fee in connection with the New Fund's use of the Underlying Index; | ||
(f) | 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 | ||
(g) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it will provide to the New Fund and the risks that it assumes as Advisor, including entrepeneurial, operational, reputational, litigation and regulatory risk. |
Based upon its review, the Board concluded that the anticipated level of profitability, if any, of the Advisor and its affiliates from their relationship with the New Fund is reasonable and not excessive.
Economies of Scale. In considering the extent to which economies of scale would be realized if the New Fund grows 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 and/or reimburse or pay operating expenses of the New Fund to reduce operating expenses for a specified period of time; | ||
(b) | the Board also took into account management's discussion of the New Fund's advisory fee structure; and | ||
(c) | the Board also considered the potential effect of the New Fund's future growth in size on its performance and fees. The Board also noted that if the New Fund's assets increase over time, the New Fund 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:
(a) | information relating to the Subadvisor's business, including current subadvisory services to other funds in the John Hancock family of funds; | ||
(b) | the simulated performance of the Underlying Index developed by the Subadvisor as compared to applicable benchmarks; | ||
(c) | the proposed advisory fee and total expense ratio for the New Fund, and comparable fee information prepared by an independent third party provider of fund data; and | ||
(d) | information relating to the nature and scope of any material relationships and their significance to the New Fund's Advisor and Subadvisor. |
Nature, Extent, and Quality of Services. With respect to the services to be provided by the Subadvisor, the Board received and reviewed information provided to the Board by the Subadvisor with respect to the New Fund and took into account information presented throughout the past year with respect to Funds in the complex managed by the Advisor and subadvised by the Subadvisor. In this regard, the Board considered the Subadvisor's current level of staffing and its overall resources, as well as considered 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 will provide services to the New Fund. The Board also considered the Subadvisor's risk assessment and monitoring processes. The Board noted that the Advisor conducts regular periodic reviews of the Subadvisor and its operations in regard to the Funds, including regarding investment processes and organizational and staffing matters. The Board also noted that the Funds' CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which include evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed by it 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 processes and philosophies. The Board took into account that the New Fund will seek performance that closely corresponds to its Underlying Index, which was developed by, and will be maintained, by , the Subadvisor.
Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the New Fund. The Board also considered information and took into account any other potential conflicts of interests the Advisor might have in connection with the Subadvisory Agreement.
The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the 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 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 will serve as the index provider for the New Fund and for other exchange-traded funds in the complex, as well as arrangements in which the Subadvisor or its affiliates provide advisory, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, including other exchange-traded funds, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans.
In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor's relationship with the New Fund, such as the opportunity to provide advisory services to additional John Hancock Funds and reputational benefits.
Subadvisory fees. The Board considered that the New Fund will pay advisory fees to the Advisor and that, in turn, the Advisor will pay subadvisory fees to the Subadvisor. The Board considered the New Fund's advisory and subadvisory fees and total expense ratio as compared to similarly situated exchange-traded funds deemed to be comparable to the New Fund. The Board also considered that the Subadvisor receives additional compensation from the Advisor in connection with its role as index provider for the New Fund.
Subadvisor performance. The Board considered the New Fund's investment strategy and processes, including the fact that the New Fund will seek performance that closely corresponds to its Underlying Index and that its Underlying Index has been developed by, and will be maintained by, the Subadvisor. The Board also considered simulated performance of the Underlying Index as compared to applicable benchmarks. 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's decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager, and currently subadvises other Funds in the complex and the Board is generally satisfied with the Subadvisor's management of these Funds, and may reasonably be expected to provide a high quality of investment management services to the New Fund; | |
(2) | the proposed subadvisory fees are reasonable in relation to the level and quality of services to be provided under the Subadvisory Agreement; and | |
(3) | noted that the subadvisory fees are paid by the Advisor and not the New Fund. | |
* * * |
Based on the Board's evaluation of all factors that it 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 approval of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the New Fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement.
This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the portfolios and execute policies formulated by the Trustees.
Independent Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2015 | 217 |
Trustee and Chairperson of the Board Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2014) and Chairperson of the Board (since 2017), John Hancock Collateral Trust; Trustee (since 2015) and Chairperson of the Board (since 2017), John Hancock Exchange-Traded Fund Trust; Trustee (since 2012) and Chairperson of the Board (since 2017), John Hancock retail funds3; Trustee (2005-2006 and since 2012) and Chairperson of the Board (since 2017), John Hancock Funds III; Trustee (since 2005) and Chairperson of the Board (since 2017), John Hancock Variable Insurance Trust and John Hancock Funds II. |
Charles L. Bardelis,2 Born: 1941 | 2015 | 217 |
Trustee Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee, John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds3 (since 2012); Trustee, John Hancock Funds III (2005-2006 and since 2012); Trustee, John Hancock Variable Insurance Trust (since 1988); Trustee, John Hancock Funds II (since 2005). |
James R. Boyle, Born: 1959 | 2015 | 217 |
Trustee Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014-July 2014); Senior Executive Vice President, Manulife Financial Corporation, President and Chief Executive Officer, John Hancock (1999-2012); Chairman and Director, John Hancock Advisers, LLC, John Hancock Funds, LLC, and John Hancock Investment Management Services, LLC (2005-2010). Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds3 (2005-2010; 2012-2014 and since 2015); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (2005-2014 and since 2015). |
Peter S. Burgess,2 Born: 1942 | 2015 | 217 |
Trustee Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010-2016)); Director, PMA Capital Corporation (2004-2010). Trustee, John Hancock Collateral Trust (since 2014); Trustee, John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds3 (since 2012); Trustee, John Hancock Funds III (2005-2006 and since 2012); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2005). |
William H. Cunningham, Born: 1944 | 2015 | 217 |
Trustee Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009-2014). Trustee, John Hancock retail funds3 (since 1986); Trustee, John Hancock Variable Insurance Trust (since 2012); Trustee, John Hancock Funds II (2005-2006 and since 2012); Trustee, John Hancock Collateral Trust (since 2014); Trustee, John Hancock Exchange-Traded Fund Trust (since 2015). |
Grace K. Fey, Born: 1946 | 2015 | 217 |
Trustee Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988-2007); Director, Fiduciary Trust (since 2009). Trustee, John Hancock Collateral Trust (since2014); Trustee, John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds3 (since 2012); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2008). |
Independent Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Theron S. Hoffman,2 Born: 1947 | 2015 | 217 |
Trustee Chief Executive Officer, T. Hoffman Associates, LLC (consulting firm) (since 2003); Director, The Todd Organization (consulting firm) (2003-2010); President, Westport Resources Management (investment management consulting firm) (2006-2008); Board Member, Senior Managing Director, Partner, and Operating Head, Putnam Investments (2000-2003); Executive Vice President, The Thomson Corp. (financial and legal information publishing) (1997-2000). Trustee, John Hancock Collateral Trust (since 2014); Trustee, John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds3 (since 2012); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2008). |
Deborah C. Jackson, Born: 1952 | 2015 | 217 |
Trustee President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (since 2014); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002-2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996-2009); Board of Directors of Boston Stock Exchange (2002-2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007-2011). Trustee, John Hancock retail funds3 (since 2008); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust (since 2014); and Trustee, John Hancock Exchange-Traded Fund Trust (since 2015). |
James M. Oates, Born: 1946 | 2015 | 217 |
Trustee Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997-2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995-2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2014) and Chairperson of the Board (2014-2016), John Hancock Collateral Trust; Trustee (since 2015) and Chairperson of the Board (2015-2016), John Hancock Exchange-Traded Fund Trust; Trustee (since 2012) and Chairperson of the Board (2012-2016), John Hancock retail funds3; Trustee (2005-2006 and since 2012) and Chairperson of the Board (2012-2016), John Hancock Funds III; Trustee (since 2004) and Chairperson of the Board (2005-2016), John Hancock Variable Insurance Trust; Trustee (since 2005) and Chairperson of the Board, John Hancock Funds II (2005-2016). |
Steven R. Pruchansky, Born: 1944 | 2015 | 217 |
Trustee and Vice Chairperson of the Board Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2000); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992) and Chairperson of the Board (2011-2012), John Hancock retail funds3; Trustee and Vice Chairperson of the Board, John Hancock retail funds3 John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2012); Trustee and Vice Chairperson of the Board, John Hancock Collateral Trust (since 2014); Trustee and Vice Chairperson of the Board, John Hancock Exchange-Traded Fund Trust (since 2015). |
Gregory A. Russo, Born: 1949 | 2015 | 217 |
Trustee Director and Audit Committee Chairman (since 2012), and Member, Audit Committee and Finance Committee (since 2011), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (since 2012) and Finance Committee Chairman (since 2014), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002-2006); Vice Chairman, Industrial Markets, KPMG (1998-2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986-1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989-1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990-1995). Trustee, John Hancock retail funds3 (since 2008); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust (since 2014); Trustee, John Hancock Exchange-Traded Fund Trust (since 2015). |
Non-Independent Trustees4
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 217 |
President and Non-Independent Trustee Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Advisers, LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Investment Management Services, LLC (since 2006, including prior positions); President, John Hancock Funds, LLC (since 2004, including prior positions); President, John Hancock retail funds,3 John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2007, including prior positions); President, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2014). Trustee, John Hancock retail funds, John Hancock Variable Insurance Trust, John Hancock Funds II, John Hancock Collateral Trust, and John Hancock Exchange-Traded Fund Trust (since 2017). |
Warren A. Thomson, Born: 1955 | 2015 | 217 |
Non-Independent Trustee Senior Executive Vice President and Chief Investment Officer, Manulife Financial Corporation and The Manufacturers Life Insurance Company (since 2009); Chairman, Manulife Asset Management (since 2001, including prior positions); Director and Chairman, Manulife Asset Management Limited (since 2006); Director and Chairman, Hancock Natural Resources Group, Inc. (since 2013). Trustee, John Hancock retail funds,3 John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust (since 2014); and Trustee, John Hancock Exchange-Traded Fund Trust (since 2015). |
Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Officer of the Trust since |
John J. Danello, Born: 1955 | 2014 |
Senior Vice President, Secretary, and Chief Legal Officer Vice President and Chief Counsel, John Hancock Wealth Management (since 2005); Senior Vice President (since 2007) and Chief Legal Counsel (2007-2010), John Hancock Funds, LLC and The Berkeley Financial Group, LLC; Senior Vice President (since 2006, including prior positions) and Chief Legal Officer and Secretary (since 2014), John Hancock retail funds,3 John Hancock Funds II and John Hancock Variable Insurance Trust; Senior Vice President, Chief Legal Officer and Secretary, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2014); Vice President, John Hancock Life & Health Insurance Company (since 2009); Vice President, John Hancock Life Insurance Company (USA) and John Hancock Life Insurance Company of New York (since 2010); and Senior Vice President, Secretary, and Chief Legal Counsel (2007-2014, including prior positions) of John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC. |
Francis V. Knox, Jr., Born: 1947 | 2014 |
Chief Compliance Officer Vice President, John Hancock Financial Services (since 2005); Chief Compliance Officer, John Hancock retail funds,3 John Hancock Variable Insurance Trust, John Hancock Funds II, John Hancock Advisers, LLC, and John Hancock Investment Management Services, LLC (since 2005); Chief Compliance Officer, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2014). |
Charles A. Rizzo, Born: 1957 | 2014 |
Chief Financial Officer Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC (since 2008); Chief Financial Officer, John Hancock retail funds,3 John Hancock Variable Insurance Trust and John Hancock Funds II (since 2007); Chief Financial Officer, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2014). |
Salvatore Schiavone, Born: 1965 | 2014 |
Treasurer Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC (since 2007); Treasurer, John Hancock retail funds3 (since 2007, including prior positions); Treasurer, John Hancock Variable Insurance Trust and John Hancock Funds II (2007-2009 and since 2010, including prior positions); Treasurer, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2014). |
The business address for all Trustees and Officers is 601 Congress Street, Boston, Massachusetts 02210-2805.
The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee's death, retirement, resignation, or removal. |
2 | Member of the Audit Committee. |
3 | "John Hancock retail funds" comprises John Hancock Funds III and 36 other John Hancock funds consisting of 26 series of other John Hancock trusts and 10 closed-end funds. |
4 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
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 Independent registered public accounting firm PricewaterhouseCoopers 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 Growth Small Cap Value 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 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 Long/Short Technical Opportunities |
ASSET ALLOCATION Income Allocation Multi-Index Lifetime Portfolios Multi-Index Preservation Portfolios Multimanager Lifestyle Portfolios Multimanager Lifetime Portfolios Retirement Income 2040 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-20180615-0136 | ETFA 4/18 6/18 |
ITEM 2. CODE OF ETHICS.
As of the end of the period, April 30, 2018, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the “Senior Financial Officers”). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Peter S. Burgess is the audit committee financial expert and is “independent”, pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Audit Fees
The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to the following for the fiscal period ended April 30, 2018 and April 30, 2017. These fees were billed to the registrant and were approved by the registrant’s audit committee.
Fund | April 30, 2018 | April 30, 2017 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 13,759 | $ | 14,000 |
John Hancock Multifactor Financials ETF | 13,759 | 14,000 | ||
John Hancock Multifactor Healthcare ETF | 13,759 | 14,000 | ||
John Hancock Multifactor Large Cap ETF | 14,259 | 14,000 | ||
John Hancock Multifactor Mid Cap ETF | 15,259 | 14,000 | ||
John Hancock Multifactor Technology ETF | 13,759 | 14,000 | ||
John Hancock Multifactor Materials ETF | 14,259 | 14,000 | ||
John Hancock Multifactor Energy ETF | 13,759 | 14,000 | ||
John Hancock Multifactor Consumer Staples ETF | 14,259 | 14,000 | ||
John Hancock Multifactor Industrials ETF | 14,259 | 14,000 | ||
John Hancock Multifactor Utilities ETF | 14,259 | 14,000 | ||
John Hancock Developed International ETF | 14,284 | 14,000 | ||
John Hancock Small Cap ETF | 12,500 | - | ||
Total | $ | 182,133 | $ | 168,000 |
(b) Audit-Related Services
Audit-related service fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser (“control affiliates”) that provides ongoing services to the registrant. The nature of the services provided was affiliated service provider internal controls reviews.
Fund | April 30, 2018 | April 30, 2017 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 0 | $ | 0 |
John Hancock Multifactor Financials ETF | 0 | 0 | ||
John Hancock Multifactor Healthcare ETF | 0 | 0 | ||
John Hancock Multifactor Large Cap ETF | 0 | 0 | ||
John Hancock Multifactor Mid Cap ETF | 0 | 0 | ||
John Hancock Multifactor Technology ETF | 0 | 0 | ||
John Hancock Multifactor Materials ETF | 0 | 0 | ||
John Hancock Multifactor Energy ETF | 0 | 0 | ||
John Hancock Multifactor Consumer Staples ETF | 0 | 0 | ||
John Hancock Multifactor Industrials ETF | 0 | 0 | ||
John Hancock Multifactor Utilities ETF | 0 | 0 | ||
John Hancock Multifactor Developed ETF | 0 | 0 | ||
John Hancock Small Cap ETF | 0 | - | ||
Total | $ | 0 | $ | 0 |
In addition, amounts billed to control affiliates for service provider internal controls reviews were $110,200 for the fiscal period ended April 30, 2018 and $106,517 for the fiscal period ended April 30, 2017.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning (“tax fees”) amounted to the following for the fiscal period ended April 30, 2018 and for the fiscal period ended April 30, 2017. The nature of the services comprising the tax fees was the review of the registrant’s tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant’s audit committee.
Fund | April 30, 2018 | April 30, 2017 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 1,120 | $ | 1,596 |
John Hancock Multifactor Financials ETF | 1,000 | 1,047 | ||
John Hancock Multifactor Healthcare ETF | 1,125 | 1,237 | ||
John Hancock Multifactor Large Cap ETF | 1,336 | 2,061 | ||
John Hancock Multifactor Mid Cap ETF | 1,211 | 2,061 | ||
John Hancock Multifactor Technology ETF | 1,075 | 1,047 | ||
John Hancock Multifactor Materials ETF | 1,000 | 1,047 | ||
John Hancock Multifactor Energy ETF | 1,136 | 1,047 | ||
John Hancock Multifactor Consumer Staples ETF | 1,000 | 1,047 | ||
John Hancock Multifactor Industrials ETF | 1,000 | 1,167 | ||
John Hancock Multifactor Utilities ETF | 1,000 | 1,047 | ||
John Hancock Multifactor Developed International ETF | 1,000 | 0 | ||
John Hancock Small Cap ETF | 0 | - | ||
Total | $ | 13,003 | $ | 15,451 |
(d) All Other Fees
Other fees billed for professional services rendered by the principal accountant to the registrant or to the control affiliates for the fiscal period ended April 30, 2018 and for the fiscal period ended April 30, 2017 amounted to the following:
Fund | April 30, 2018 | April 30, 2017 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 221 | $ | 832 |
John Hancock Multifactor Financials ETF | 221 | 832 | ||
John Hancock Multifactor Healthcare ETF | 221 | 832 | ||
John Hancock Multifactor Large Cap ETF | 221 | 832 | ||
John Hancock Multifactor Mid Cap ETF | 221 | 832 | ||
John Hancock Multifactor Technology ETF | 221 | 832 | ||
John Hancock Multifactor Materials ETF | 221 | 832 | ||
John Hancock Multifactor Energy ETF | 221 | 832 | ||
John Hancock Multifactor Consumer Staples ETF | 221 | 832 | ||
John Hancock Multifactor Industrials ETF | 221 | 832 | ||
John Hancock Multifactor Utilities ETF | 221 | 832 | ||
John Hancock Multifactor Developed International ETF | 221 | 832 | ||
John Hancock Small Cap ETF | 221 | - | ||
Total | $ | 2,873 | $ | 9,984 |
(e)(1) Audit Committee Pre-Approval Policies and Procedures:
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the “Auditor”) relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The trust’s Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per instance/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per instance/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:
Audit-Related Fees, Tax Fees and All Other Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f) According to the registrant’s principal accountant, for the fiscal period ended April 30, 2017, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g) The aggregate non-audit fees billed by the registrant's accountant for non- audit services rendered to the registrant and rendered to the registrant's control affiliates for the fiscal period ended April 30, 2018 and April 30, 2017 amounted to the following:
Trust | April 30, 2018 | April 30, 2017 | ||
John Hancock Exchange-Traded Fund Trust | $ | 6,847,555 | $ | 6,454,571 |
(h) The audit committee of the registrant has considered the non-audit services provided by the registrant’s principal accountant(s) to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant(s)' independence.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Peter S. Burgess - Chairman
Charles L. Bardelis
Theron S. Hoffman
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, Governance and Administration 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 second fiscal quarter of the period covered by this 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) Code of Ethics for Covered Officers is attached.
(a)(2) 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, Governance and Administration 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: | June 15, 2018 |
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: | June 15, 2018 | |
By: | /s/ Charles A. Rizzo | |
Charles A. Rizzo | ||
Chief Financial Officer | ||
Date: | June 15, 2018 |