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)
200 Berkeley Street, Boston, Massachusetts 02116
(Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
200 Berkeley Street
Boston, Massachusetts 02116
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-663-4497 | |
Date of fiscal year end: | April 30 |
Date of reporting period: | October 31, 2018 |
ITEM 1. REPORTS TO STOCKHOLDERS.
John Hancock
Multifactor ETFs
Semiannual report 10/31/18
A message to shareholders
Dear shareholder,
Financial markets around the world have experienced a meaningful rise in volatility this year, particularly when compared with the unusual calm of 2017. Short-term uncertainty notwithstanding, the good news is that asset prices of stocks are ultimately driven by company fundamentals—such as balance sheet strength and earnings growth—and those continue to appear extremely supportive, particularly in the United States.
That said, not all asset classes have benefited from the strong economic foundation in the United States. International investors have faced some challenging headwinds—including a populist movement in Italy and trade disputes between the United States and several other countries—that may not abate in the near future. Meanwhile, foreign bonds, especially emerging-market debt, suffered declines as the U.S. dollar strengthened against a range of major currencies. Recent concerns have also been raised regarding the levels of debt carried by some European countries.
Your best resource in unpredictable and volatile 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 in 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 Emerging Markets ETF | |
13 | John Hancock Multifactor Energy ETF | |
14 | John Hancock Multifactor Financials ETF | |
15 | John Hancock Multifactor Healthcare ETF | |
16 | John Hancock Multifactor Industrials ETF | |
17 | John Hancock Multifactor Large Cap ETF | |
18 | John Hancock Multifactor Materials ETF | |
19 | John Hancock Multifactor Mid Cap ETF | |
20 | John Hancock Multifactor Small Cap ETF | |
21 | John Hancock Multifactor Technology ETF | |
22 | John Hancock Multifactor Utilities ETF | |
23 | Premium/discount analysis | |
26 | Your expenses | |
28 | Funds' investments | |
79 | Financial statements | |
92 | Financial highlights | |
99 | Notes to financial statements | |
108 | Continuation of investment advisory and subadvisory agreements | |
114 | Evaluation of advisory and subadvisory agreements by the Board of Trustees | |
118 | 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?
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 U.S. 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 six months ended October 31, 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 period, outperforming both developed ex-U.S. and emerging markets. The Russell 3000 Index returned a gain of 2.70%, as compared to a loss of 9.96% for the MSCI World ex USA Investable Market Index (IMI) and a decline of 17.10% 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 period. Mid caps, as measured by the Russell Midcap Index, a subset of the large-cap universe, underperformed large caps but outperformed 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.
It is important to consider the interactions between size, value, and profitability when reviewing the performance of the dimensions. Considering all three dimensions simultaneously in the U.S. market, stocks with higher profitability and lower relative prices generally underperformed stocks with lower profitability and higher relative prices among both large and small caps. However, performance of the premiums may vary depending on the particular sector or segment of the market under analysis.
In U.S. dollar terms, markets in Europe, Australasia, and the Far East (EAFE markets) had negative performance for the six-month period, trailing the U.S. market but outperforming emerging markets. Most EAFE market currencies, particularly the New Zealand dollar and British pound, depreciated relative to the U.S. dollar. Overall, currency movements had a negative impact on the U.S. dollar-denominated returns of the EAFE markets.
Along the market-capitalization dimension, mid caps, as measured by the MSCI EAFE Mid Cap Index, a subset of the large-cap universe (MSCI EAFE Index), underperformed large caps. Along the relative price dimension, large-cap value stocks, as measured by the MSCI EAFE Value Index, underperformed large-cap growth stocks (MSCI EAFE Growth Index), and mid-cap value stocks, as measured by the MSCI EAFE Mid Value Index, underperformed mid-cap growth stocks (MSCI EAFE Mid Growth Index).
Considering all three dimensions simultaneously in EAFE markets, stocks with lower relative prices and higher profitability underperformed stocks with higher relative prices and lower profitability among large caps but outperformed among small caps.
Can you tell us about a recent addition to the management team?
Effective September 1, 2018, we added Joseph F. Hohn to the team.
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 emphasis on stocks with smaller market capitalizations detracted from relative performance, as smaller stocks underperformed for the period. Conversely, the fund's greater emphasis on stocks with higher profitability had a positive impact on relative performance, as higher-profitability stocks outperformed in the consumer discretionary sector.
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, leisure, and specialty retail. Changes were made to the fund as a result of the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in CBS Corp. and Marriott International, Inc. and decreased weights in Amazon.com, Inc. and The TJX Companies, Inc.
JOHN HANCOCK MULTIFACTOR CONSUMER STAPLES ETF (JHMS)
On a NAV basis, the fund underperformed 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. The fund's emphasis on stocks with smaller market capitalizations detracted from relative performance, as smaller stocks underperformed for the period. Conversely, the fund's greater emphasis on stocks with
higher profitability had a positive impact on relative performance, as higher-profitability stocks outperformed in the consumer staples sector.
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 the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in The Kroger Company and Kellogg Company and decreased weights in CVS Health Corp. (sold during the period) and Costco Wholesale Corp.
JOHN HANCOCK MULTIFACTOR DEVELOPED INTERNATIONAL ETF (JHMD)
On a NAV basis, the fund underperformed the MSCI EAFE Index, a cap-weighted benchmark we use as a proxy for developed ex-U.S. stock markets. The fund's emphasis on stocks with smaller market capitalizations detracted from relative performance, as mid caps underperformed for the period. Conversely, the fund's greater emphasis on stocks with higher profitability had a positive impact on relative performance, as higher-profitability stocks generally outperformed.
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 the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in BP PLC and Zurich Insurance Group AG and decreased weights in Tesco PLC and Akzo Nobel NV.
JOHN HANCOCK MULTIFACTOR EMERGING MARKETS ETF (JHEM)
As this fund has less than six months of return history, an overview of its performance will not be included at this time.
JOHN HANCOCK MULTIFACTOR ENERGY ETF (JHME)
On a NAV basis, the fund underperformed the Russell 1000 Energy Index, a cap-weighted benchmark we use as a proxy for the energy sector of the U.S. stock market. The fund's emphasis on stocks with smaller market capitalizations detracted from relative performance, as smaller stocks underperformed for the period. Conversely, with low relative price (value) stocks generally outperforming high relative price (growth) stocks within the energy sector, the fund's greater emphasis on value stocks had a positive impact on 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 consumables producers. Changes were made to the fund as a result of the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in ConocoPhillips and ONEOK, Inc. and decreased weights in Occidental Petroleum Corp. and Andeavor. During the period, Andeavor was acquired by Marathon Petroleum Corp. (also held by the fund).
JOHN HANCOCK MULTIFACTOR FINANCIALS ETF (JHMF)
On a NAV basis, the fund underperformed the Russell 1000 Financial Services Index, a cap-weighted benchmark we use as a proxy for the financials sector of the U.S. stock market. The fund's emphasis on stocks with smaller market capitalizations detracted from relative performance, as smaller stocks underperformed for the period. The fund's general exclusion of real estate investment trusts (REITs) also had a negative impact on relative performance, as REITs outperformed the overall index.
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 insurance companies, capital markets, and banks. Changes were made to the fund as a result of the regularly scheduled reconstitution
in September. Notable changes in composition after the reconstitution included increased weights in The Goldman Sachs Group Inc. and a new purchase, Associated Banc-Corp, and decreased weights in U.S. Bancorp and Regions Financial 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 emphasis on stocks with smaller market capitalizations detracted from relative performance, as smaller stocks underperformed for the period. The fund's greater emphasis on stocks with higher profitability also had a negative impact on relative performance, as higher-profitability stocks underperformed within healthcare.
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 equipment and supplies and pharmaceuticals. Changes were made to the fund as a result of the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in Johnson & Johnson and UnitedHealth Group, Inc. and decreased weights in Amgen, Inc. and AbbVie, Inc.
JOHN HANCOCK MULTIFACTOR INDUSTRIALS ETF (JHMI)
On a NAV basis, the fund underperformed 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. With low relative price (value) stocks underperforming high relative price (growth) stocks, the fund's greater emphasis on value stocks detracted from relative performance. Conversely, the fund's greater emphasis on stocks with higher profitability had a positive impact on relative performance, as higher-profitability stocks outperformed in the industrials sector.
Compared with the Russell 1000 Producer Durables Index, the fund ended the period with greater weights in stocks with lower relative price, smaller market capitalization, 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 the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in Worldpay, Inc. and Raytheon Company and decreased weights in CSX Corp. and The Boeing Company.
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. The fund's greater emphasis on stocks with smaller market capitalizations detracted from relative performance, as that group underperformed large caps for the period. Conversely, the fund's greater emphasis on stocks with higher profitability had a positive impact on relative performance, as higher-profitability stocks generally 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 and financials sectors. Changes were made to the fund as a result of the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in Facebook, Inc. and Berkshire Hathaway, Inc. and decreased weights in Apple, Inc. and CSX Corp.
JOHN HANCOCK MULTIFACTOR MATERIALS ETF (JHMA)
On a NAV basis, the fund underperformed 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. With low relative price (value) stocks underperforming high relative price (growth) stocks, the fund's greater emphasis on value stocks detracted from relative performance. Constituency differences between the fund and the index also had a negative impact on relative performance. Conversely, with higher-profitability stocks outperforming
lower-profitability stocks in the materials sector, the fund's greater emphasis on stocks with higher profitability contributed positively to relative performance.
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 the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in Freeport-McMoRan, Inc. and International Paper Company and decreased weights in DowDuPont, Inc. and Arconic, Inc. (sold during the period).
JOHN HANCOCK MULTIFACTOR MID CAP ETF (JHMM)
On a NAV basis, the fund underperformed 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 low relative price (value) stocks detracted from relative performance, as value stocks underperformed high relative price (growth) stocks for the period. With higher-profitability stocks generally underperforming lower-profitability stocks among mid caps, the fund's greater emphasis on stocks with higher profitability also had a negative impact on relative performance.
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 the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in Dell Technologies, Inc. and Viacom, Inc. and decreased weights in Autodesk, Inc. and ServiceNow, Inc. (sold during the period).
JOHN HANCOCK MULTIFACTOR SMALL CAP ETF (JHSC)
On a NAV basis, the fund outperformed the Russell 2000 Index, a cap-weighted benchmark we use as proxy for the broad small-cap U.S. stock market. The fund's lesser exposure to micro caps contributed positively to relative performance, as micro caps underperformed small caps for the period. Conversely, the fund's exclusion of stocks with the lowest profitability and highest relative price detracted from relative performance, as those stocks outperformed.
Compared with the Russell 2000 Index, the fund ended the period with greater weights in stocks with higher profitability. In absolute terms, the fund's largest sector exposures were to industrials and financials. Changes were made to the fund as a result of the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included new purchases and increased weights in Mattel, Inc. and Oshkosh Corp. and decreased weights in Fair Isaac Corp. and Encompass Health Corp. (both sold 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. With low relative price (value) stocks underperforming high relative price (growth) stocks, the fund's greater emphasis on value stocks detracted from relative performance. Conversely, with higher-profitability stocks outperforming lower-profitability stocks in the technology sector, the fund's greater emphasis on stocks with higher profitability contributed positively to 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 exposures were to software and
semiconductors. Changes were made to the fund as a result of the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in DXC Technology Company and Facebook, Inc. and decreased weights in Apple, Inc. and Microsoft Corp.
JOHN HANCOCK MULTIFACTOR UTILITIES ETF (JHMU)
On a NAV basis, the fund slightly underperformed 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 communication services, a sector that is included in the Russell 1000 Utilities Index. The fund's lack of exposure to communication services securities detracted from relative performance, as those stocks generally outperformed. The fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks outperformed in the utilities sector.
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 the regularly scheduled reconstitution in September. Notable changes in composition after the reconstitution included increased weights in The Southern Company and Public Service Enterprise Group, Inc. and decreased weights in ONEOK, Inc. (sold during the period) and NextEra Energy, Inc.
A note about risks
Each fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risk" section of the prospectus. Current and future portfolio holdings are subject to change and risk. Investing involves risk, including the potential loss of principal. There is no guarantee that a fund's investment strategy will be successful.
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 | |
Joseph F. Hohn On the funds since 2018 Investing since 2012 |
Multifactor Consumer Discretionary ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 10.25 | 8.34 | 1.29 | 28.12 | |
Market price | 10.26 | 8.34 | 1.28 | 28.13 | |
John Hancock Dimensional Consumer Discretionary Index2 | 10.69 | 8.85 | 1.50 | 29.99 | |
Russell 1000 Consumer Discretionary Index3 | 15.07 | 13.21 | 3.14 | 46.78 |
INDUSTRY COMPOSITION (%)
Specialty retail | 20.6 |
Hotels, restaurants and leisure | 17.4 |
Media | 11.2 |
Entertainment | 8.6 |
Internet and direct marketing retail | 8.4 |
Multiline retail | 7.5 |
Textiles, apparel and luxury goods | 7.3 |
Auto components | 4.4 |
Household durables | 4.3 |
Automobiles | 4.3 |
Diversified consumer services | 2.3 |
Other | 3.7 |
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 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. | 5.1 |
Comcast Corp., Class A | 4.0 |
The Home Depot, Inc. | 3.8 |
The Walt Disney Company | 3.4 |
McDonald's Corp. | 2.1 |
Lowe's Companies, Inc. | 2.0 |
NIKE, Inc., Class B | 2.0 |
The TJX Companies, Inc. | 1.9 |
Starbucks Corp. | 1.9 |
Dollar General Corp. | 1.9 |
TOTAL | 28.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,813.
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, 2019 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 (%) | 0.85 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Consumer Staples ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 8.01 | 4.85 | 8.23 | 13.10 | |
Market price | 7.84 | 4.87 | 8.25 | 13.16 | |
John Hancock Dimensional Consumer Staples Index2 | 8.55 | 5.36 | 8.49 | 14.53 | |
Russell 1000 Consumer Staples Index3 | 4.04 | 3.21 | 10.54 | 8.56 |
INDUSTRY COMPOSITION (%)
Food products | 29.5 |
Food and staples retailing | 22.5 |
Beverages | 19.0 |
Household products | 14.6 |
Tobacco | 10.5 |
Personal products | 3.9 |
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 | 6.4 |
The Procter & Gamble Company | 6.4 |
Walmart, Inc. | 6.2 |
Altria Group, Inc. | 6.2 |
PepsiCo, Inc. | 6.0 |
The Kroger Company | 5.3 |
Costco Wholesale Corp. | 4.5 |
Philip Morris International, Inc. | 4.3 |
General Mills, Inc. | 3.4 |
Archer-Daniels-Midland Company | 3.2 |
TOTAL | 51.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,316.
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, 2019 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 (%) | 1.11 |
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 | 6-month | Since fund inception1 | ||
Net asset value | -7.15 | 6.34 | -10.69 | 12.25 | |
Market price | -8.02 | 6.20 | -10.94 | 11.96 | |
John Hancock Dimensional Developed International Index2 | -6.52 | 7.18 | -10.40 | 13.91 | |
MSCI EAFE Index3 | -6.85 | 6.57 | -9.92 | 12.71 |
SECTOR COMPOSITION (%)
Financials | 18.0 |
Industrials | 16.5 |
Consumer discretionary | 12.3 |
Materials | 10.1 |
Health care | 8.6 |
Consumer staples | 8.4 |
Communication services | 6.3 |
Energy | 5.6 |
Information technology | 5.1 |
Utilities | 4.8 |
Other | 4.3 |
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 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 | 1.4 |
Nestle SA | 1.2 |
Novartis AG | 1.0 |
Toyota Motor Corp. | 0.9 |
HSBC Holdings PLC | 0.8 |
Roche Holding AG | 0.8 |
TOTAL SA | 0.8 |
Vonovia SE | 0.7 |
Nippon Telegraph & Telephone Corp. | 0.7 |
Royal Dutch Shell PLC, A Shares | 0.7 |
TOTAL | 9.0 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,196.
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 a subset of securities of companies associated with 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 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, 2019 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 (%) | 0.84 |
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.
SECTOR COMPOSITION (%)
Financials | 26.5 |
Information technology | 14.0 |
Energy | 12.3 |
Communication services | 12.2 |
Materials | 8.4 |
Consumer discretionary | 8.1 |
Industrials | 5.7 |
Consumer staples | 5.6 |
Utilities | 2.5 |
Real estate | 2.2 |
Other | 2.5 |
TOTAL | 100.0 |
As a percentage of net assets. |
TOP TEN HOLDINGS1 (%)
Samsung Electronics Company, Ltd. | 3.8 |
Reliance Industries, Ltd., GDR | 3.5 |
Tencent Holdings, Ltd. | 3.3 |
Infosys, Ltd., ADR | 2.9 |
Taiwan Semiconductor Manufacturing Company, Ltd. | 2.6 |
Alibaba Group Holding, Ltd., ADR | 1.9 |
China Mobile, Ltd. | 1.6 |
China Construction Bank Corp. H Shares | 1.6 |
ICICI Bank, Ltd., ADR | 1.5 |
Ping An Insurance Group Company of China, Ltd., H Shares | 1.4 |
TOTAL | 24.1 |
1 | 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. |
Multifactor Energy ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 4.77 | 6.28 | -9.39 | 17.14 | |
Market price | 4.79 | 6.29 | -9.42 | 17.16 | |
John Hancock Dimensional Energy Index2 | 5.40 | 6.85 | -9.07 | 18.77 | |
Russell 1000 Energy Index3 | 2.68 | 5.71 | -7.11 | 15.52 |
INDUSTRY COMPOSITION (%)
Oil, gas and consumable fuels | 86.9 |
Energy equipment and services | 11.3 |
Electric utilities | 1.1 |
Semiconductors and semiconductor equipment | 0.6 |
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. | 6.5 |
Exxon Mobil Corp. | 6.1 |
Marathon Petroleum Corp. | 6.1 |
ConocoPhillips | 4.9 |
Concho Resources, Inc. | 4.3 |
Valero Energy Corp. | 3.7 |
ONEOK, Inc. | 3.6 |
Marathon Oil Corp. | 3.5 |
EOG Resources, Inc. | 3.1 |
Apache Corp. | 3.1 |
TOTAL | 44.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,716.
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, 2019 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 Financials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 0.33 | 12.54 | -4.80 | 44.12 | |
Market price | 0.36 | 12.57 | -4.78 | 44.25 | |
John Hancock Dimensional Financials Index2 | 0.83 | 13.10 | -4.58 | 46.32 | |
Russell 1000 Financial Services Index3 | 3.72 | 13.37 | -0.43 | 47.42 |
INDUSTRY COMPOSITION (%)
Banks | 33.6 |
Insurance | 22.3 |
Capital markets | 21.0 |
IT services | 7.6 |
Consumer finance | 7.2 |
Diversified financial services | 5.1 |
Professional services | 1.3 |
Thrifts and mortgage finance | 0.9 |
Media | 0.6 |
Interactive media and services | 0.2 |
Health care providers and services | 0.1 |
Short-term investments and other | 0.1 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor 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 (%)
Berkshire Hathaway, Inc., Class B | 4.3 |
JPMorgan Chase & Co. | 4.1 |
Visa, Inc., Class A | 4.0 |
Wells Fargo & Company | 3.9 |
Bank of America Corp. | 3.8 |
Citigroup, Inc. | 3.1 |
Mastercard, Inc., Class A | 3.0 |
The Goldman Sachs Group, Inc. | 1.7 |
Capital One Financial Corp. | 1.6 |
The Bank of New York Mellon Corp. | 1.4 |
TOTAL | 30.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $14,425.
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, 2019 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 (%) | 0.75 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Healthcare ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 10.62 | 10.46 | 7.07 | 36.03 | |
Market price | 10.63 | 10.50 | 7.15 | 36.20 | |
John Hancock Dimensional Healthcare Index2 | 11.19 | 10.99 | 7.34 | 38.07 | |
Russell 1000 Health Care Index3 | 11.68 | 11.28 | 9.03 | 39.17 |
INDUSTRY COMPOSITION (%)
Health care providers and services | 29.2 |
Pharmaceuticals | 24.7 |
Health care equipment and supplies | 23.1 |
Biotechnology | 16.2 |
Life sciences tools and services | 6.7 |
Health care technology | 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 Healthcare ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Johnson & Johnson | 6.6 |
UnitedHealth Group, Inc. | 5.8 |
Pfizer, Inc. | 5.6 |
Merck & Company, Inc. | 4.0 |
Express Scripts Holding Company | 2.6 |
Amgen, Inc. | 2.5 |
Gilead Sciences, Inc. | 2.4 |
Medtronic PLC | 2.4 |
Abbott Laboratories | 2.2 |
Thermo Fisher Scientific, Inc. | 1.9 |
TOTAL | 36.0 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,620.
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, 2019 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 (%) | 0.83 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Industrials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | -0.62 | 12.39 | -1.53 | 35.43 | |
Market price | -0.67 | 12.38 | -1.58 | 35.41 | |
John Hancock Dimensional Industrials Index2 | -0.14 | 12.95 | -1.29 | 37.20 | |
Russell 1000 Producer Durables Index3 | 0.02 | 11.74 | -1.40 | 33.40 |
INDUSTRY COMPOSITION (%)
Machinery | 16.4 |
IT services | 13.5 |
Aerospace and defense | 13.2 |
Road and rail | 6.8 |
Industrial conglomerates | 6.0 |
Electronic equipment, instruments and components | 5.6 |
Airlines | 5.2 |
Electrical equipment | 4.8 |
Commercial services and supplies | 4.2 |
Air freight and logistics | 4.0 |
Other | 20.3 |
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 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 | 2.4 |
Union Pacific Corp. | 2.1 |
3M Company | 1.7 |
United Continental Holdings, Inc. | 1.6 |
United Technologies Corp. | 1.6 |
Honeywell International, Inc. | 1.6 |
Accenture PLC, Class A | 1.5 |
Norfolk Southern Corp. | 1.4 |
Delta Air Lines, Inc. | 1.3 |
Caterpillar, Inc. | 1.3 |
TOTAL | 16.5 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,541.
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, 2019 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 (%) | 1.01 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Large Cap ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 5.59 | 12.80 | 1.73 | 45.14 | |
Market price | 5.62 | 12.80 | 1.74 | 45.16 | |
John Hancock Dimensional Large Cap Index2 | 5.95 | 13.17 | 1.91 | 46.62 | |
Russell 1000 Index3 | 6.98 | 13.52 | 3.03 | 48.02 |
SECTOR COMPOSITION (%)
Information technology | 19.5 |
Financials | 14.2 |
Health care | 13.6 |
Industrials | 12.0 |
Consumer discretionary | 10.7 |
Communication services | 7.1 |
Consumer staples | 6.5 |
Energy | 5.2 |
Utilities | 4.4 |
Materials | 3.4 |
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 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. | 3.4 |
Microsoft Corp. | 1.9 |
Amazon.com, Inc. | 1.5 |
Alphabet, Inc., Class A | 1.3 |
JPMorgan Chase & Co. | 1.1 |
Berkshire Hathaway, Inc., Class B | 1.1 |
Johnson & Johnson | 1.0 |
Exxon Mobil Corp. | 1.0 |
Intel Corp. | 0.8 |
UnitedHealth Group, Inc. | 0.8 |
TOTAL | 13.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $14,516.
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, 2019 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 (%) | 0.40 |
Net (%) | 0.35 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Materials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | -8.45 | 9.70 | -8.70 | 27.19 | |
Market price | -8.50 | 9.69 | -8.75 | 27.16 | |
John Hancock Dimensional Materials Index2 | -7.99 | 10.22 | -8.46 | 28.75 | |
Russell 1000 Materials & Processing Index3 | -9.85 | 8.54 | -7.57 | 23.72 |
INDUSTRY COMPOSITION (%)
Chemicals | 63.9 |
Metals and mining | 26.0 |
Containers and packaging | 7.4 |
Oil, gas and consumable fuels | 1.1 |
Semiconductors and semiconductor equipment | 0.9 |
Trading companies and distributors | 0.6 |
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 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 (%)
PPG Industries, Inc. | 6.4 |
Linde PLC | 5.9 |
Nucor Corp. | 5.9 |
Freeport-McMoRan, Inc. | 5.6 |
International Paper Company | 5.4 |
DowDuPont, Inc. | 5.2 |
Newmont Mining Corp. | 4.5 |
LyondellBasell Industries NV, Class A | 4.3 |
Ecolab, Inc. | 4.2 |
Air Products & Chemicals, Inc. | 3.9 |
TOTAL | 51.3 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,716.
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 & 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, 2019 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 (%) | 1.05 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Mid Cap ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 2.09 | 10.71 | -1.84 | 36.97 | |
Market price | 2.15 | 10.71 | -1.88 | 37.00 | |
John Hancock Dimensional Mid Cap Index2 | 2.54 | 11.21 | -1.62 | 38.90 | |
Russell Midcap Index3 | 2.80 | 10.46 | -0.86 | 36.04 |
SECTOR COMPOSITION (%)
Information technology | 17.2 |
Industrials | 16.6 |
Financials | 14.9 |
Consumer discretionary | 11.7 |
Health care | 11.5 |
Materials | 5.9 |
Real estate | 5.9 |
Utilities | 5.8 |
Energy | 4.2 |
Consumer staples | 3.2 |
Other | 3.1 |
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 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 (%)
United Continental Holdings, Inc. | 0.5 |
Centene Corp. | 0.5 |
Edwards Lifesciences Corp. | 0.5 |
NetApp, Inc. | 0.4 |
Amphenol Corp., Class A | 0.4 |
Xcel Energy, Inc. | 0.4 |
Roper Technologies, Inc. | 0.4 |
Red Hat, Inc. | 0.4 |
Fifth Third Bancorp | 0.4 |
Harris Corp. | 0.4 |
TOTAL | 4.3 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,700.
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, 2019 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 (%) | 0.52 |
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 Small Cap ETF
SECTOR COMPOSITION (%)
Financials | 17.5 |
Industrials | 15.2 |
Information technology | 13.0 |
Consumer discretionary | 11.4 |
Real estate | 11.4 |
Health care | 8.8 |
Materials | 6.8 |
Energy | 4.4 |
Utilities | 4.3 |
Consumer staples | 3.6 |
Other | 3.6 |
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 Small 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 (%)
Integrated Device Technology, Inc. | 0.5 |
Grand Canyon Education, Inc. | 0.4 |
Primerica, Inc. | 0.4 |
IDACORP, Inc. | 0.4 |
Popular, Inc. | 0.4 |
The Hanover Insurance Group, Inc. | 0.4 |
Euronet Worldwide, Inc. | 0.4 |
Haemonetics Corp. | 0.4 |
ITT, Inc. | 0.4 |
Medical Properties Trust, Inc. | 0.4 |
TOTAL | 4.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $10,153.
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 11-8-17. |
2 | The John Hancock Dimensional Small Cap Index is designed to comprise a subset of securities in the U.S. universe issued by companies whose market capitalizations are smaller than the 750th largest U.S. company but excluding the smallest 4% of 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 American, 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 2000 Index comprises 2000 publicly-traded small-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, 2019 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 (%) | 0.50 |
Please refer to the most recent prospectus and annual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Technology ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 6.11 | 20.38 | 0.97 | 77.49 | |
Market price | 6.08 | 20.40 | 0.98 | 77.56 | |
John Hancock Dimensional Technology Index2 | 6.64 | 20.91 | 1.21 | 79.92 | |
Russell 1000 Technology Index3 | 11.20 | 22.59 | 6.65 | 87.78 |
INDUSTRY COMPOSITION (%)
Software | 26.4 |
Semiconductors and semiconductor equipment | 23.0 |
Interactive media and services | 13.5 |
Technology hardware, storage and peripherals | 10.8 |
IT services | 9.2 |
Communications equipment | 7.5 |
Entertainment | 2.5 |
Electronic equipment, instruments and components | 2.4 |
Health care technology | 1.7 |
Internet and direct marketing retail | 1.4 |
Other | 1.6 |
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 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 (%)
Apple, Inc. | 6.4 |
Microsoft Corp. | 6.4 |
Facebook, Inc., Class A | 5.6 |
Intel Corp. | 4.7 |
Alphabet, Inc., Class A | 4.7 |
Cisco Systems, Inc. | 3.7 |
Oracle Corp. | 2.8 |
IBM Corp. | 2.1 |
Broadcom, Inc. | 1.7 |
Micron Technology, Inc. | 1.7 |
TOTAL | 39.8 |
The value of a $10,000 investment calculated at market value from inception through period end would be $17,756.
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, 2019 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 (%) | 0.73 |
Net (%) | 0.50 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Utilities ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
Average annual total returns (%) | Cumulative total returns (%) | ||||
1-year | Since fund inception1 | 6-month | Since fund inception1 | ||
Net asset value | 2.50 | 7.91 | 6.23 | 21.86 | |
Market price | 2.49 | 7.90 | 6.15 | 21.84 | |
John Hancock Dimensional Utilities Index2 | 3.02 | 8.50 | 6.50 | 23.59 | |
Russell 1000 Utilities Index3 | 4.46 | 5.34 | 6.25 | 14.48 |
INDUSTRY COMPOSITION (%)
Electric utilities | 56.1 |
Multi-utilities | 33.0 |
Independent power and renewable electricity producers | 4.2 |
Gas utilities | 3.8 |
Water utilities | 2.8 |
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 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 (%)
Exelon Corp. | 6.0 |
Public Service Enterprise Group, Inc. | 5.9 |
The Southern Company | 5.8 |
Duke Energy Corp. | 4.8 |
Edison International | 4.4 |
Xcel Energy, Inc. | 4.4 |
Consolidated Edison, Inc. | 4.1 |
DTE Energy Company | 3.9 |
FirstEnergy Corp. | 3.9 |
Entergy Corp. | 3.8 |
TOTAL | 47.0 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,184.
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 or 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, 2019 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 (%) | 1.14 |
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 OCTOBER 31, 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 | 57 | 44.19% | 72 | 55.81% | ||||||||
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 | 57 | 44.19% | 72 | 55.81% | ||||||||
Multifactor Consumer Staples ETF | ||||||||||||
0 - < 25 | 25 | 19.38% | 104 | 80.62% | ||||||||
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 | 25 | 19.38% | 104 | 80.62% | ||||||||
Multifactor Developed International ETF | ||||||||||||
0 - < 25 | 30 | 23.26% | 28 | 21.71% | ||||||||
25 - < 50 | 16 | 12.40% | 23 | 17.83% | ||||||||
50 - < 75 | 6 | 4.65% | 15 | 11.63% | ||||||||
75 - < 100 | 0 | 0.00% | 7 | 5.43% | ||||||||
100 or Above | 2 | 1.55% | 2 | 1.55% | ||||||||
Total | 54 | 41.86% | 75 | 58.14% | ||||||||
Multifactor Emerging Markets ETF | ||||||||||||
0 - < 25 | 1 | 4.35% | 4 | 17.39% | ||||||||
25 - < 50 | 3 | 13.04% | 6 | 26.09% | ||||||||
50 - < 75 | 0 | 0.00% | 2 | 8.70% | ||||||||
75 - < 100 | 1 | 4.35% | 2 | 8.70% | ||||||||
100 or Above | 2 | 8.70% | 2 | 8.70% | ||||||||
Total | 7 | 30.43% | 16 | 69.57% | ||||||||
Multifactor Energy ETF | ||||||||||||
0 - < 25 | 11 | 8.53% | 118 | 91.47% | ||||||||
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 | 11 | 8.53% | 118 | 91.47% |
PERIOD ENDED OCTOBER 31, 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 Financials ETF | |||||||||||||||||||
0 - < 25 | 16 | 12.40% | 113 | 87.60% | |||||||||||||||
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 | 16 | 12.40% | 113 | 87.60% | |||||||||||||||
Multifactor Healthcare ETF | |||||||||||||||||||
0 - < 25 | 37 | 28.68% | 92 | 71.32% | |||||||||||||||
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 | 37 | 28.68% | 92 | 71.32% | |||||||||||||||
Multifactor Industrials ETF | |||||||||||||||||||
0 - < 25 | 31 | 24.03% | 98 | 75.97% | |||||||||||||||
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 | 31 | 24.03% | 98 | 75.97% | |||||||||||||||
Multifactor Large Cap ETF | |||||||||||||||||||
0 - < 25 | 30 | 23.26% | 99 | 76.74% | |||||||||||||||
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 | 30 | 23.26% | 99 | 76.74% | |||||||||||||||
Multifactor Materials ETF | |||||||||||||||||||
0 - < 25 | 17 | 13.18% | 112 | 86.82% | |||||||||||||||
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 | 17 | 13.18% | 112 | 86.82% | |||||||||||||||
Multifactor Mid Cap ETF | |||||||||||||||||||
0 - < 25 | 4 | 3.10% | 125 | 96.90% | |||||||||||||||
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 | 4 | 3.10% | 125 | 96.90% | |||||||||||||||
Multifactor Small Cap ETF | |||||||||||||||||||
0 - < 25 | 7 | 5.43% | 121 | 93.80% | |||||||||||||||
25 - < 50 | 0 | 0.00% | 1 | 0.78% | |||||||||||||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | |||||||||||||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | |||||||||||||||
100 or Above | 0 | 0.00% | 0 | 0.00% | |||||||||||||||
Total | 7 | 5.43% | 122 | 94.57% |
PERIOD ENDED OCTOBER 31, 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 Technology ETF | |||||||||||||||
0 - < 25 | 34 | 26.36% | 95 | 73.64% | |||||||||||
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 | 34 | 26.36% | 95 | 73.64% | |||||||||||
Multifactor Utilities ETF | |||||||||||||||
0 - < 25 | 16 | 12.40% | 113 | 87.60% | |||||||||||
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 | 16 | 12.40% | 113 | 87.60% |
Your expenses |
26 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL |
Account value on 5-1-2018 | Ending value on 10-31-2018 | Expenses paid during 10-31-20181 | Annualized expense ratio | |
Multifactor Consumer Discretionary ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,012.90 | $2.54 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Consumer Staples ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,082.30 | $2.62 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Developed International ETF | ||||
Actual expenses/actual returns | $1,000.00 | $ 893.10 | $2.15 | 0.45% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.90 | 2.29 | 0.45% |
Multifactor Emerging Markets ETF2 | ||||
Actual expenses/actual returns | $1,000.00 | $ 918.80 | $0.48 | 0.55% |
Hypothetical example for comparison purposes | 1,000.00 | 1,004.30 | 0.53 | 0.55% |
Multifactor Energy ETF | ||||
Actual expenses/actual returns | $1,000.00 | $ 906.10 | $2.40 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Financials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $ 952.00 | $2.46 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Healthcare ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,070.70 | $2.61 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Industrials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $ 984.70 | $2.50 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Large Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,017.30 | $1.78 | 0.35% |
Hypothetical example for comparison purposes | 1,000.00 | 1,023.40 | 1.79 | 0.35% |
Multifactor Materials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $ 913.00 | $2.41 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Mid Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $ 981.60 | $2.25 | 0.45% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.90 | 2.29 | 0.45% |
Multifactor Small Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $ 987.50 | $2.50 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Technology ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,009.70 | $2.53 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
Multifactor Utilities ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,062.30 | $2.60 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.55 | 0.50% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period). |
2 | The inception date for the fund is 9-27-18. Actual Expenses are equal to the fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 33/365 (to reflect the period). |
SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 27 |
Funds' investments |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $39,181,838 | |
(Cost $37,653,119) | ||
Communication services – 20.1% | 7,880,589 | |
Entertainment – 8.6% | ||
Cinemark Holdings, Inc. | 2,971 | 123,504 |
Liberty Media Corp.-Liberty Formula One, Series A (A) | 417 | 13,215 |
Liberty Media Corp.-Liberty Formula One, Series C (A) | 4,184 | 138,407 |
Lions Gate Entertainment Corp., Class A | 1,084 | 20,769 |
Lions Gate Entertainment Corp., Class B | 2,174 | 38,675 |
Live Nation Entertainment, Inc. (A) | 3,280 | 171,544 |
Netflix, Inc. (A) | 1,855 | 559,802 |
The Madison Square Garden Company, Class A (A) | 449 | 124,202 |
The Walt Disney Company | 11,682 | 1,341,444 |
Twenty-First Century Fox, Inc., Class A | 7,236 | 329,383 |
Twenty-First Century Fox, Inc., Class B | 3,339 | 150,856 |
Viacom, Inc., Class A | 203 | 7,180 |
Viacom, Inc., Class B | 10,176 | 325,428 |
World Wrestling Entertainment, Inc., Class A | 581 | 42,175 |
Interactive media and services – 0.3% | ||
TripAdvisor, Inc. (A)(B) | 2,127 | 110,902 |
Media – 11.2% | ||
Cable One, Inc. | 120 | 107,489 |
CBS Corp., Class B | 10,173 | 583,422 |
Charter Communications, Inc., Class A (A) | 1,517 | 486,001 |
Comcast Corp., Class A | 40,861 | 1,558,439 |
Discovery, Inc., Series A (A) | 4,609 | 149,286 |
Discovery, Inc., Series C (A) | 5,353 | 156,896 |
DISH Network Corp., Class A (A) | 4,296 | 132,059 |
Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 2,715 | 111,967 |
News Corp., Class A | 8,519 | 112,366 |
News Corp., Class B | 2,803 | 37,392 |
Omnicom Group, Inc. (B) | 7,874 | 585,196 |
Sirius XM Holdings, Inc. (B) | 19,547 | 117,673 |
The Interpublic Group of Companies, Inc. | 10,575 | 244,917 |
Consumer discretionary – 79.8% | 31,301,249 | |
Auto components – 4.4% | ||
Adient PLC (B) | 1,949 | 59,289 |
Aptiv PLC | 8,183 | 628,454 |
Autoliv, Inc. (B) | 2,344 | 195,349 |
BorgWarner, Inc. | 5,398 | 212,735 |
Gentex Corp. | 7,102 | 149,497 |
Lear Corp. | 2,040 | 271,116 |
The Goodyear Tire & Rubber Company | 7,440 | 156,686 |
Veoneer, Inc. (A)(B) | 1,939 | 65,112 |
Automobiles – 4.3% | ||
Ford Motor Company | 45,917 | 438,507 |
General Motors Company | 19,613 | 717,640 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Automobiles (continued) | ||
Harley-Davidson, Inc. | 4,897 | $187,163 |
Tesla, Inc. (A)(B) | 709 | 239,160 |
Thor Industries, Inc. | 1,326 | 92,343 |
Distributors – 1.7% | ||
Genuine Parts Company | 3,465 | 339,293 |
LKQ Corp. (A) | 6,911 | 188,463 |
Pool Corp. | 1,074 | 156,536 |
Diversified consumer services – 2.3% | ||
Bright Horizons Family Solutions, Inc. (A) | 1,131 | 129,963 |
frontdoor, Inc. (A) | 1,777 | 60,507 |
Grand Canyon Education, Inc. (A) | 940 | 117,218 |
H&R Block, Inc. | 6,116 | 162,319 |
Service Corp. International | 5,288 | 219,293 |
ServiceMaster Global Holdings, Inc. (A) | 3,554 | 152,396 |
Weight Watchers International, Inc. (A) | 636 | 42,040 |
Hotels, restaurants and leisure – 17.4% | ||
Aramark | 6,824 | 245,118 |
Boyd Gaming Corp. | 1,488 | 39,521 |
Caesars Entertainment Corp. (A)(B) | 1,859 | 15,969 |
Carnival Corp. | 4,638 | 259,914 |
Chipotle Mexican Grill, Inc. (A) | 480 | 220,958 |
Choice Hotels International, Inc. | 603 | 44,260 |
Darden Restaurants, Inc. | 2,930 | 312,192 |
Domino's Pizza, Inc. | 826 | 222,021 |
Dunkin' Brands Group, Inc. | 2,030 | 147,297 |
Hilton Worldwide Holdings, Inc. | 6,413 | 456,413 |
Hyatt Hotels Corp., Class A | 951 | 65,809 |
International Game Technology PLC | 2,581 | 47,878 |
Las Vegas Sands Corp. | 6,143 | 313,477 |
Marriott International, Inc., Class A | 4,444 | 519,459 |
McDonald's Corp. | 4,591 | 812,148 |
MGM Resorts International | 11,515 | 307,220 |
Norwegian Cruise Line Holdings, Ltd. (A) | 4,236 | 186,681 |
Planet Fitness, Inc., Class A (A) | 1,341 | 65,830 |
Royal Caribbean Cruises, Ltd. | 3,663 | 383,626 |
Six Flags Entertainment Corp. | 1,703 | 91,724 |
Starbucks Corp. | 12,898 | 751,566 |
Texas Roadhouse, Inc. | 1,545 | 93,411 |
The Wendy's Company | 4,212 | 72,615 |
Vail Resorts, Inc. | 816 | 205,077 |
Wyndham Destinations, Inc. | 2,596 | 93,144 |
Wyndham Hotels & Resorts, Inc. | 2,892 | 142,547 |
Wynn Resorts, Ltd. | 2,284 | 229,770 |
Yum! Brands, Inc. | 5,471 | 494,633 |
Household durables – 4.3% | ||
D.R. Horton, Inc. | 7,926 | 285,019 |
Leggett & Platt, Inc. | 3,502 | 127,158 |
Lennar Corp., A Shares | 5,984 | 257,192 |
Lennar Corp., B Shares | 309 | 11,053 |
28 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Household durables (continued) | ||
Mohawk Industries, Inc. (A) | 1,305 | $162,773 |
Newell Brands, Inc. | 9,657 | 153,353 |
NVR, Inc. (A) | 88 | 197,035 |
PulteGroup, Inc. | 6,485 | 159,336 |
Roku, Inc. (A) | 626 | 34,806 |
Toll Brothers, Inc. | 3,222 | 108,453 |
Whirlpool Corp. | 1,839 | 201,849 |
Internet and direct marketing retail – 8.4% | ||
Amazon.com, Inc. (A) | 1,251 | 1,999,111 |
Booking Holdings, Inc. (A) | 378 | 708,591 |
Expedia Group, Inc. | 2,311 | 289,869 |
Qurate Retail, Inc. (A) | 10,315 | 226,311 |
Wayfair, Inc., Class A (A) | 663 | 73,122 |
Leisure products – 1.6% | ||
Brunswick Corp. | 2,099 | 109,127 |
Hasbro, Inc. (B) | 2,832 | 259,723 |
Mattel, Inc. (A)(B) | 6,837 | 92,846 |
Polaris Industries, Inc. | 1,693 | 150,643 |
Multiline retail – 7.5% | ||
Dollar General Corp. | 6,707 | 747,026 |
Dollar Tree, Inc. (A) | 6,252 | 527,044 |
Kohl's Corp. | 5,261 | 398,416 |
Macy's, Inc. | 9,364 | 321,092 |
Nordstrom, Inc. | 3,735 | 245,651 |
Ollie's Bargain Outlet Holdings, Inc. (A) | 932 | 86,583 |
Target Corp. | 7,431 | 621,455 |
Specialty retail – 20.6% | ||
Advance Auto Parts, Inc. | 1,591 | 254,178 |
American Eagle Outfitters, Inc. | 3,580 | 82,555 |
AutoNation, Inc. (A) | 1,928 | 78,045 |
AutoZone, Inc. (A) | 458 | 335,929 |
Best Buy Company, Inc. | 8,647 | 606,674 |
Burlington Stores, Inc. (A) | 1,492 | 255,863 |
CarMax, Inc. (A) | 4,669 | 317,072 |
Carvana Company (A)(B) | 327 | 12,671 |
Five Below, Inc. (A) | 1,054 | 119,966 |
Foot Locker, Inc. | 3,466 | 163,387 |
L Brands, Inc. | 3,976 | 128,902 |
Lowe's Companies, Inc. | 8,326 | 792,802 |
O'Reilly Automotive, Inc. (A) | 1,926 | 617,765 |
Penske Automotive Group, Inc. | 897 | 39,809 |
Ross Stores, Inc. | 6,248 | 618,552 |
The Gap, Inc. | 7,282 | 198,799 |
The Home Depot, Inc. | 8,491 | 1,493,397 |
The TJX Companies, Inc. | 6,844 | 752,019 |
Tiffany & Company | 2,526 | 281,144 |
Tractor Supply Company | 3,366 | 309,302 |
Ulta Beauty, Inc. (A) | 1,541 | 423,035 |
Urban Outfitters, Inc. (A) | 1,321 | 52,127 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Specialty retail (continued) | ||
Williams-Sonoma, Inc. (B) | 2,432 | $144,412 |
Textiles, apparel and luxury goods – 7.3% | ||
Carter's, Inc. | 1,286 | 123,430 |
Columbia Sportswear Company | 613 | 55,342 |
Hanesbrands, Inc. (B) | 10,473 | 179,717 |
Lululemon Athletica, Inc. (A) | 1,911 | 268,935 |
Michael Kors Holdings, Ltd. (A) | 4,249 | 235,429 |
NIKE, Inc., Class B | 10,314 | 773,963 |
PVH Corp. | 1,716 | 207,276 |
Ralph Lauren Corp. | 1,468 | 190,267 |
Skechers U.S.A., Inc., Class A (A) | 2,918 | 83,367 |
Tapestry, Inc. | 6,160 | 260,630 |
Under Armour, Inc., Class A (A)(B) | 3,462 | 76,545 |
Under Armour, Inc., Class C (A) | 3,528 | 69,960 |
VF Corp. | 3,885 | 321,989 |
SECURITIES LENDING COLLATERAL – 4.9% | $1,934,594 | |
(Cost $1,934,814) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 193,396 | 1,934,594 |
SHORT-TERM INVESTMENTS – 0.3% | $115,807 | |
(Cost $115,807) | ||
Money market funds – 0.3% | 115,807 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 115,807 | 115,807 |
Total investments (Multifactor Consumer Discretionary ETF) (Cost $39,703,740) 105.1% | $41,232,239 | |
Other assets and liabilities, net (5.1%) | (2,005,846) | |
Total net assets 100.0% | $39,226,393 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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% | $26,058,578 | |
(Cost $26,245,688) | ||
Consumer staples – 100.0% | 26,058,578 | |
Beverages – 19.0% | ||
Brown-Forman Corp., Class A | 2,480 | 114,998 |
Brown-Forman Corp., Class B | 8,088 | 374,798 |
Constellation Brands, Inc., Class A | 2,452 | 488,512 |
Keurig Dr. Pepper, Inc. | 3,044 | 79,144 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 29 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Beverages (continued) | ||
Molson Coors Brewing Company, Class B | 5,552 | $355,328 |
Monster Beverage Corp. (A) | 5,188 | 274,186 |
National Beverage Corp. (A)(B) | 375 | 34,669 |
PepsiCo, Inc. | 13,880 | 1,559,834 |
The Coca-Cola Company | 34,885 | 1,670,294 |
Food and staples retailing – 22.5% | ||
Casey's General Stores, Inc. | 1,594 | 201,019 |
Costco Wholesale Corp. | 5,097 | 1,165,327 |
Sysco Corp. | 7,784 | 555,233 |
The Kroger Company | 46,016 | 1,369,436 |
US Foods Holding Corp. (A) | 8,569 | 249,958 |
Walgreens Boots Alliance, Inc. | 8,858 | 706,603 |
Walmart, Inc. | 16,219 | 1,626,441 |
Food products – 29.5% | ||
Archer-Daniels-Midland Company | 17,653 | 834,104 |
Bunge, Ltd. | 4,443 | 274,577 |
Campbell Soup Company (B) | 6,320 | 236,431 |
Conagra Brands, Inc. | 15,892 | 565,771 |
Flowers Foods, Inc. | 6,196 | 119,645 |
General Mills, Inc. | 20,317 | 889,885 |
Hormel Foods Corp. (B) | 8,351 | 364,438 |
Ingredion, Inc. | 2,657 | 268,835 |
Kellogg Company | 9,986 | 653,883 |
Lamb Weston Holdings, Inc. | 3,607 | 281,923 |
Lancaster Colony Corp. | 666 | 114,139 |
McCormick & Company, Inc. | 3,039 | 437,616 |
Mondelez International, Inc., Class A | 15,365 | 645,023 |
Pilgrim's Pride Corp. (A) | 2,615 | 46,181 |
Post Holdings, Inc. (A) | 2,578 | 227,947 |
Seaboard Corp. | 12 | 46,380 |
The Hershey Company | 4,446 | 476,389 |
The J.M. Smucker Company | 3,587 | 388,544 |
The Kraft Heinz Company | 5,896 | 324,103 |
Tyson Foods, Inc., Class A | 8,258 | 494,819 |
Household products – 14.6% | ||
Church & Dwight Company, Inc. | 8,414 | 499,539 |
Colgate-Palmolive Company | 8,885 | 529,102 |
Kimberly-Clark Corp. | 4,445 | 463,614 |
Spectrum Brands Holdings, Inc. | 817 | 53,064 |
The Clorox Company | 4,028 | 597,957 |
The Procter & Gamble Company | 18,744 | 1,662,218 |
Personal products – 3.9% | ||
Coty, Inc., Class A | 14,143 | 149,209 |
Herbalife Nutrition, Ltd. (A) | 3,124 | 166,384 |
Nu Skin Enterprises, Inc., Class A | 2,261 | 158,767 |
The Estee Lauder Companies, Inc., Class A | 3,827 | 525,983 |
Tobacco – 10.5% | ||
Altria Group, Inc. | 24,731 | 1,608,504 |
Philip Morris International, Inc. | 12,806 | 1,127,824 |
Shares or Principal Amount | Value | |
SECURITIES LENDING COLLATERAL – 2.0% | $514,522 | |
(Cost $514,591) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 51,435 | $514,522 |
SHORT-TERM INVESTMENTS – 0.2% | $69,570 | |
(Cost $69,570) | ||
Money market funds – 0.2% | 69,570 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 69,570 | 69,570 |
Total investments (Multifactor Consumer Staples ETF) (Cost $26,829,849) 102.2% | $26,642,670 | |
Other assets and liabilities, net (2.2%) | (570,899) | |
Total net assets 100.0% | $26,071,771 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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 - 98.8% | $82,626,601 | |
(Cost $87,765,745) | ||
Australia - 6.5% | 5,448,387 | |
AGL Energy, Ltd. | 1,525 | 19,455 |
Alumina, Ltd. (A) | 6,748 | 12,196 |
Amcor, Ltd. | 6,591 | 62,129 |
AMP, Ltd. | 57,932 | 101,416 |
APA Group | 11,268 | 76,667 |
Aristocrat Leisure, Ltd. | 3,215 | 60,384 |
ASX, Ltd. | 1,778 | 74,564 |
Aurizon Holdings, Ltd. | 28,824 | 85,802 |
Australia & New Zealand Banking Group, Ltd. | 12,977 | 238,490 |
BHP Billiton PLC | 12,474 | 249,025 |
BHP Billiton, Ltd. | 16,657 | 380,260 |
BlueScope Steel, Ltd. | 11,327 | 115,363 |
Boral, Ltd. | 13,613 | 54,126 |
Brambles, Ltd. | 9,291 | 69,933 |
Caltex Australia, Ltd. | 3,107 | 62,231 |
Challenger, Ltd. | 1,520 | 11,053 |
CIMIC Group, Ltd. | 1,296 | 43,438 |
Cochlear, Ltd. | 751 | 94,521 |
Commonwealth Bank of Australia | 7,409 | 363,536 |
Computershare, Ltd. | 5,816 | 81,494 |
Crown Resorts, Ltd. | 4,954 | 43,924 |
CSL, Ltd. | 2,295 | 305,797 |
Dexus | 5,054 | 36,537 |
Fortescue Metals Group, Ltd. (A) | 24,100 | 68,323 |
30 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Australia (continued) | ||
Goodman Group | 5,067 | $37,277 |
Insurance Australia Group, Ltd. | 13,788 | 66,744 |
LendLease Group | 8,548 | 106,628 |
Macquarie Group, Ltd. | 1,892 | 157,160 |
Medibank Pvt., Ltd. | 37,371 | 73,898 |
Mirvac Group | 18,542 | 28,517 |
National Australia Bank, Ltd. (A) | 11,332 | 202,475 |
Newcrest Mining, Ltd. | 4,407 | 64,375 |
Oil Search, Ltd. (A) | 18,446 | 101,582 |
Origin Energy, Ltd. (B) | 16,804 | 86,823 |
Qantas Airways, Ltd. | 23,690 | 91,843 |
QBE Insurance Group, Ltd. | 15,537 | 124,654 |
Ramsay Health Care, Ltd. | 1,353 | 53,912 |
REA Group, Ltd. | 694 | 35,228 |
Santos, Ltd. | 23,088 | 108,654 |
Scentre Group | 10,552 | 29,765 |
Sonic Healthcare, Ltd. | 3,387 | 54,132 |
South32, Ltd. | 30,396 | 77,986 |
Stockland | 15,130 | 38,711 |
Suncorp Group, Ltd. | 7,587 | 75,336 |
Sydney Airport | 12,750 | 58,195 |
Tabcorp Holdings, Ltd. | 17,599 | 57,627 |
Telstra Corp., Ltd. | 70,630 | 154,182 |
The GPT Group | 9,903 | 36,217 |
TPG Telecom, Ltd. (A) | 2,431 | 12,354 |
Transurban Group | 3,888 | 31,249 |
Treasury Wine Estates, Ltd. | 4,369 | 46,820 |
Vicinity Centres | 15,798 | 29,672 |
Wesfarmers, Ltd. | 3,908 | 129,128 |
Westpac Banking Corp. (A) | 16,292 | 310,036 |
Woodside Petroleum, Ltd. (A) | 5,043 | 124,562 |
Woolworths Group, Ltd. | 6,550 | 131,981 |
Austria - 0.2% | 167,786 | |
ANDRITZ AG | 401 | 20,791 |
Erste Group Bank AG (B) | 1,542 | 62,898 |
OMV AG | 558 | 31,062 |
Raiffeisen Bank International AG | 637 | 17,394 |
Telekom Austria AG (B) | 462 | 3,434 |
Verbund AG | 183 | 7,382 |
voestalpine AG | 698 | 24,825 |
Belgium - 1.1% | 927,543 | |
Ackermans & van Haaren NV | 473 | 74,548 |
Ageas | 3,451 | 172,868 |
Anheuser-Busch InBev SA | 3,277 | 241,865 |
Colruyt SA | 1,184 | 68,847 |
KBC Group NV | 1,413 | 97,501 |
Proximus SADP | 2,121 | 54,192 |
Solvay SA | 438 | 49,950 |
Telenet Group Holding NV | 244 | 11,855 |
UCB SA | 750 | 63,037 |
Shares or Principal Amount | Value | |
Belgium (continued) | ||
Umicore SA | 1,971 | $92,880 |
Chile - 0.1% | 53,087 | |
Antofagasta PLC | 5,294 | 53,087 |
Denmark - 1.5% | 1,237,362 | |
A.P. Moller - Maersk A/S, Series A | 29 | 34,529 |
A.P. Moller - Maersk A/S, Series B | 27 | 34,296 |
Ambu A/S, Class B | 487 | 10,155 |
Carlsberg A/S, Class B | 619 | 68,305 |
Chr. Hansen Holding A/S | 897 | 90,699 |
Coloplast A/S, B Shares | 470 | 43,897 |
Danske Bank A/S | 2,878 | 55,224 |
DSV A/S | 1,089 | 87,587 |
Genmab A/S (B) | 355 | 48,651 |
H Lundbeck A/S | 1,427 | 66,661 |
Novo Nordisk A/S, B Shares | 7,979 | 345,227 |
Novozymes A/S, B Shares | 2,721 | 134,507 |
Orsted A/S (C) | 682 | 43,345 |
Rockwool International A/S, A Shares | 35 | 10,019 |
Rockwool International A/S, B Shares | 57 | 19,494 |
Vestas Wind Systems A/S | 1,979 | 124,155 |
William Demant Holding A/S (B) | 626 | 20,611 |
Finland - 1.3% | 1,083,578 | |
Elisa OYJ | 1,867 | 74,356 |
Fortum OYJ | 2,437 | 51,345 |
Kesko OYJ, A Shares | 122 | 6,856 |
Kesko OYJ, B Shares | 362 | 21,173 |
Kone OYJ, Class B | 2,008 | 97,878 |
Neste OYJ | 767 | 63,232 |
Nokia OYJ | 21,101 | 119,542 |
Nokian Renkaat OYJ | 1,534 | 48,806 |
Nordea Bank ABP | 13,554 | 118,030 |
Orion OYJ, Class A | 232 | 8,044 |
Orion OYJ, Class B | 1,300 | 44,778 |
Sampo OYJ, A Shares | 1,440 | 66,341 |
Stora Enso OYJ, R Shares | 7,501 | 113,079 |
UPM-Kymmene OYJ | 5,006 | 161,143 |
Wartsila OYJ ABP | 5,216 | 88,975 |
France - 9.8% | 8,209,233 | |
Accor SA | 508 | 23,265 |
Aeroports de Paris | 340 | 71,230 |
Air Liquide SA | 2,425 | 293,998 |
Airbus SE | 2,358 | 261,055 |
AXA SA | 10,038 | 251,810 |
BNP Paribas SA | 4,719 | 246,651 |
Bouygues SA | 6,838 | 249,789 |
Capgemini SE | 1,516 | 185,512 |
Cie de Saint-Gobain | 6,764 | 254,750 |
Cie Generale des Etablissements Michelin | 2,956 | 303,915 |
CNP Assurances | 1,739 | 38,816 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 31 |
Shares or Principal Amount | Value | |
France (continued) | ||
Credit Agricole SA | 6,324 | $81,170 |
Danone SA | 2,533 | 179,605 |
Dassault Aviation SA | 7 | 11,619 |
Dassault Systemes SA | 813 | 102,112 |
Electricite de France SA | 8,905 | 148,118 |
Engie SA | 10,983 | 146,531 |
EssilorLuxottica SA | 1,820 | 249,005 |
Hermes International | 121 | 69,235 |
Kering | 275 | 122,641 |
Legrand SA | 3,805 | 248,932 |
L'Oreal SA | 994 | 224,011 |
LVMH Moet Hennessy Louis Vuitton SE | 1,427 | 434,612 |
Natixis SA | 12,532 | 73,354 |
Orange SA | 24,903 | 389,950 |
Pernod Ricard SA | 414 | 63,232 |
Peugeot SA | 16,049 | 382,416 |
Publicis Groupe SA | 2,840 | 164,883 |
Renault SA | 3,392 | 253,927 |
Safran SA | 1,952 | 252,246 |
Sanofi | 4,256 | 380,187 |
Schneider Electric SE | 1,828 | 132,475 |
Societe Generale SA | 4,110 | 151,254 |
Sodexo SA | 1,290 | 131,722 |
Thales SA | 1,457 | 186,546 |
TOTAL SA | 10,764 | 633,712 |
Unibail-Rodamco-Westfield (Euronext Amsterdam) | 666 | 120,949 |
Unibail-Rodamco-Westfield (Euronext Paris) (B) | 563 | 102,244 |
Vinci SA | 3,008 | 268,840 |
Vivendi SA | 13,355 | 322,914 |
Germany - 9.1% | 7,575,529 | |
adidas AG | 931 | 219,413 |
Allianz SE | 2,109 | 440,738 |
BASF SE | 5,154 | 397,277 |
Bayer AG | 3,905 | 299,897 |
Bayerische Motoren Werke AG | 3,685 | 318,282 |
Beiersdorf AG | 930 | 96,311 |
Commerzbank AG (B) | 10,365 | 97,934 |
Continental AG | 665 | 109,970 |
Covestro AG (C) | 2,164 | 140,054 |
Daimler AG | 6,419 | 380,817 |
Deutsche Bank AG | 22,854 | 224,015 |
Deutsche Boerse AG | 1,695 | 214,810 |
Deutsche Lufthansa AG | 9,722 | 195,635 |
Deutsche Post AG | 4,038 | 127,878 |
Deutsche Telekom AG | 18,610 | 305,642 |
Deutsche Wohnen SE | 6,535 | 299,437 |
E.ON SE | 37,921 | 367,620 |
Evonik Industries AG | 4,070 | 126,355 |
Fresenius Medical Care AG & Company KGaA | 2,669 | 209,631 |
Shares or Principal Amount | Value | |
Germany (continued) | ||
Fresenius SE & Company KGaA | 2,483 | $158,336 |
Hannover Rueck SE | 789 | 106,473 |
HeidelbergCement AG | 2,369 | 161,052 |
Henkel AG & Company KGaA | 276 | 27,082 |
Infineon Technologies AG | 14,271 | 286,366 |
Innogy SE (C) | 528 | 23,332 |
Innogy SE (B) | 2,075 | 86,567 |
MAN SE | 387 | 40,341 |
Merck KGaA | 305 | 32,699 |
Muenchener Rueckversicherungs-Gesellschaft AG | 874 | 188,105 |
RWE AG | 8,587 | 167,542 |
SAP SE | 2,351 | 252,155 |
Siemens AG | 2,913 | 335,734 |
Siemens Healthineers AG (B)(C) | 264 | 10,945 |
Telefonica Deutschland Holding AG | 9,282 | 36,126 |
thyssenkrupp AG | 6,237 | 131,266 |
TUI AG | 5,957 | 98,874 |
Volkswagen AG | 336 | 55,507 |
Vonovia SE | 13,294 | 608,837 |
Wirecard AG | 945 | 177,099 |
Zalando SE (B)(C) | 500 | 19,375 |
Hong Kong - 3.2% | 2,656,299 | |
AIA Group, Ltd. | 53,602 | 405,806 |
BOC Hong Kong Holdings, Ltd. | 20,295 | 75,853 |
Chow Tai Fook Jewellery Group, Ltd. | 10,226 | 8,961 |
CK Asset Holdings, Ltd. | 14,396 | 93,471 |
CK Hutchison Holdings, Ltd. | 15,773 | 158,849 |
CK Infrastructure Holdings, Ltd. | 2,429 | 17,754 |
CLP Holdings, Ltd. | 14,071 | 157,772 |
Dairy Farm International Holdings, Ltd. | 2,900 | 26,187 |
Evergrande Health Industry Group Ltd. (A)(B) | 5,000 | 6,876 |
Galaxy Entertainment Group, Ltd. | 13,641 | 73,778 |
Hang Lung Properties, Ltd. | 29,522 | 53,475 |
Hang Seng Bank, Ltd. | 2,389 | 55,951 |
Henderson Land Development Company, Ltd. | 7,206 | 33,551 |
HK Electric Investments & HK Electric Investments, Ltd. (A) | 51,790 | 49,284 |
HKT Trust & HKT, Ltd. | 63,337 | 87,257 |
Hong Kong & China Gas Company, Ltd. | 23,986 | 45,773 |
Hong Kong Exchanges & Clearing, Ltd. | 6,601 | 175,142 |
Hongkong Land Holdings, Ltd. | 8,900 | 52,688 |
Link REIT | 12,026 | 106,616 |
MTR Corp., Ltd. | 8,740 | 42,365 |
New World Development Company, Ltd. | 114,060 | 144,623 |
Power Assets Holdings, Ltd. | 16,573 | 110,671 |
Sino Land Company, Ltd. | 59,571 | 93,467 |
Sun Hung Kai Properties, Ltd. | 8,162 | 106,093 |
Swire Pacific, Ltd., Class A | 6,865 | 71,239 |
Swire Pacific, Ltd., Class B | 10,628 | 17,109 |
Swire Properties, Ltd. | 14,601 | 49,822 |
32 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Hong Kong (continued) | ||
Techtronic Industries Company, Ltd. | 17,433 | $81,612 |
The Bank of East Asia, Ltd. | 25,242 | 81,785 |
Wharf Real Estate Investment Company, Ltd. | 13,992 | 86,654 |
Wheelock & Company, Ltd. | 16,075 | 85,815 |
Ireland - 0.9% | 766,653 | |
AIB Group PLC | 2,046 | 9,903 |
Bank of Ireland Group PLC | 8,492 | 60,281 |
CRH PLC | 4,500 | 134,759 |
DCC PLC | 993 | 85,200 |
ICON PLC (B) | 249 | 34,382 |
James Hardie Industries PLC | 3,832 | 51,032 |
Kerry Group PLC, Class A | 871 | 89,313 |
Kingspan Group PLC | 1,710 | 74,401 |
Shire PLC | 2,946 | 176,186 |
Smurfit Kappa Group PLC | 1,570 | 51,196 |
Isle of Man - 0.0% | 17,839 | |
GVC Holdings PLC | 1,490 | 17,839 |
Israel - 0.3% | 268,385 | |
Azrieli Group, Ltd. | 80 | 3,882 |
Bank Hapoalim BM | 5,725 | 38,759 |
Bank Leumi Le-Israel BM | 12,572 | 78,427 |
Check Point Software Technologies, Ltd. (B) | 245 | 27,195 |
Elbit Systems, Ltd. | 76 | 9,086 |
Israel Chemicals, Ltd. | 2,255 | 13,001 |
Nice, Ltd. (B) | 164 | 17,377 |
Taro Pharmaceutical Industries, Ltd. (B) | 10 | 995 |
Teva Pharmaceutical Industries, Ltd. | 3,993 | 79,663 |
Italy - 1.9% | 1,611,288 | |
Assicurazioni Generali SpA | 4,272 | 69,121 |
Atlantia SpA | 1,871 | 37,650 |
Banca Mediolanum SpA | 2,123 | 12,328 |
Davide Campari-Milano SpA | 5,298 | 40,790 |
DiaSorin SpA | 137 | 13,008 |
Enel SpA | 30,731 | 150,909 |
Eni SpA | 16,405 | 291,938 |
Ferrari NV | 738 | 86,546 |
FinecoBank Banca Fineco SpA | 3,402 | 35,640 |
Intesa Sanpaolo SpA | 46,490 | 102,875 |
Leonardo SpA | 3,581 | 38,911 |
Luxottica Group SpA | 403 | 25,351 |
Mediobanca SpA | 9,545 | 83,838 |
Moncler SpA | 2,087 | 72,596 |
Parmalat SpA | 1,890 | 5,825 |
Pirelli & C SpA (B)(C) | 1,544 | 11,361 |
Poste Italiane SpA (C) | 5,390 | 38,780 |
PRADA SpA | 7,498 | 26,494 |
Prysmian SpA | 2,231 | 43,378 |
Recordati SpA | 1,325 | 44,919 |
Snam SpA | 13,137 | 54,389 |
Shares or Principal Amount | Value | |
Italy (continued) | ||
Telecom Italia SpA (B) | 200,607 | $118,013 |
Terna Rete Elettrica Nazionale SpA | 17,299 | 89,477 |
UniCredit SpA | 6,977 | 89,456 |
UnipolSai Assicurazioni SpA | 12,658 | 27,695 |
Japan - 26.4% | 22,050,620 | |
ABC-Mart, Inc. | 300 | 17,545 |
Acom Company, Ltd. (A) | 3,800 | 14,041 |
Aeon Company, Ltd. | 3,500 | 80,324 |
AEON Financial Service Company, Ltd. | 1,600 | 31,417 |
AGC, Inc. | 2,500 | 82,185 |
Aisin Seiki Company, Ltd. | 2,200 | 86,456 |
Ajinomoto Company, Inc. | 1,100 | 17,803 |
Alfresa Holdings Corp. | 1,500 | 40,074 |
Alps Electric Company, Ltd. | 2,500 | 59,368 |
ANA Holdings, Inc. | 4,700 | 158,048 |
Aozora Bank, Ltd. | 1,200 | 41,416 |
Asahi Group Holdings, Ltd. | 1,600 | 70,434 |
Asahi Kasei Corp. | 7,900 | 94,992 |
Astellas Pharma, Inc. | 6,100 | 94,428 |
Bandai Namco Holdings, Inc. | 2,600 | 92,499 |
Bridgestone Corp. | 6,400 | 247,425 |
Brother Industries, Ltd. | 3,000 | 55,053 |
Calbee, Inc. | 1,200 | 39,874 |
Canon, Inc. | 3,700 | 105,635 |
Casio Computer Company, Ltd. | 1,100 | 16,619 |
Central Japan Railway Company | 1,300 | 249,391 |
Chubu Electric Power Company, Inc. | 3,500 | 50,505 |
Chugai Pharmaceutical Company, Ltd. | 500 | 29,374 |
Coca-Cola Bottlers Japan Holdings, Inc. | 1,700 | 44,513 |
Concordia Financial Group, Ltd. | 15,700 | 72,062 |
CyberAgent, Inc. | 600 | 25,466 |
Dai Nippon Printing Company, Ltd. | 4,200 | 94,342 |
Daicel Corp. | 2,400 | 25,413 |
Daifuku Company, Ltd. | 1,200 | 51,677 |
Dai-ichi Life Holdings, Inc. | 6,300 | 119,240 |
Daiichi Sankyo Company, Ltd. | 1,600 | 61,162 |
Daikin Industries, Ltd. | 1,200 | 139,560 |
Daito Trust Construction Company, Ltd. | 400 | 52,811 |
Daiwa House Industry Company, Ltd. | 2,300 | 69,476 |
Daiwa Securities Group, Inc. | 17,400 | 99,739 |
Denso Corp. | 1,900 | 85,021 |
Dentsu, Inc. | 600 | 27,859 |
Disco Corp. | 300 | 47,769 |
Don Quijote Holdings Company, Ltd. | 800 | 47,920 |
East Japan Railway Company | 3,400 | 297,506 |
Eisai Company, Ltd. | 600 | 50,034 |
Electric Power Development Company, Ltd. | 2,800 | 76,293 |
FamilyMart UNY Holdings Company, Ltd. | 100 | 11,626 |
FANUC Corp. | 500 | 87,435 |
Fast Retailing Company, Ltd. | 300 | 151,708 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 33 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Fuji Electric Company, Ltd. | 1,000 | $30,659 |
FUJIFILM Holdings Corp. | 2,400 | 104,056 |
Fujitsu, Ltd. | 1,500 | 91,206 |
Hakuhodo DY Holdings, Inc. | 800 | 13,369 |
Hamamatsu Photonics KK | 600 | 20,097 |
Hankyu Hanshin Holdings, Inc. | 4,600 | 151,628 |
Hikari Tsushin, Inc. | 200 | 34,948 |
Hino Motors, Ltd. | 6,800 | 65,376 |
Hirose Electric Company, Ltd. | 205 | 19,491 |
Hisamitsu Pharmaceutical Company, Inc. | 300 | 16,933 |
Hitachi Chemical Company, Ltd. | 2,000 | 31,563 |
Hitachi Construction Machinery Company, Ltd. | 2,300 | 61,344 |
Hitachi High-Technologies Corp. | 300 | 11,311 |
Hitachi Metals, Ltd. | 3,800 | 44,850 |
Hitachi, Ltd. | 10,100 | 309,833 |
Honda Motor Company, Ltd. | 10,300 | 295,798 |
Hoshizaki Corp. | 500 | 40,362 |
Hoya Corp. | 2,200 | 125,035 |
Hulic Company, Ltd. | 2,500 | 22,928 |
Idemitsu Kosan Company, Ltd. | 3,300 | 150,591 |
Iida Group Holdings Company, Ltd. | 1,900 | 34,581 |
Inpex Corp. | 5,700 | 65,634 |
Isetan Mitsukoshi Holdings, Ltd. | 5,300 | 62,038 |
Isuzu Motors, Ltd. | 5,200 | 68,286 |
ITOCHU Corp. | 8,300 | 154,078 |
Japan Airlines Company, Ltd. | 3,100 | 110,342 |
Japan Exchange Group, Inc. | 6,700 | 120,280 |
Japan Post Bank Company, Ltd. | 1,600 | 18,672 |
Japan Post Holdings Company, Ltd. | 3,600 | 42,745 |
Japan Post Insurance Company, Ltd. | 200 | 4,769 |
Japan Real Estate Investment Corp. | 8 | 41,256 |
Japan Retail Fund Investment Corp. | 11 | 20,313 |
Japan Tobacco, Inc. | 5,000 | 128,771 |
JFE Holdings, Inc. | 2,900 | 54,760 |
JGC Corp. | 2,200 | 42,711 |
JSR Corp. | 1,000 | 14,940 |
JTEKT Corp. | 6,700 | 83,650 |
JXTG Holdings, Inc. | 30,700 | 209,246 |
Kajima Corp. | 11,900 | 153,528 |
Kansai Paint Company, Ltd. | 1,300 | 19,249 |
Kao Corp. | 2,800 | 186,849 |
Kawasaki Heavy Industries, Ltd. | 3,600 | 85,458 |
KDDI Corp. | 10,000 | 249,391 |
Keikyu Corp. | 2,100 | 31,094 |
Keio Corp. | 1,099 | 59,695 |
Keisei Electric Railway Company, Ltd. | 900 | 27,713 |
Keyence Corp. | 200 | 98,002 |
Kikkoman Corp. | 900 | 49,524 |
Kintetsu Group Holdings Company, Ltd. | 2,700 | 103,593 |
Kirin Holdings Company, Ltd. | 4,800 | 114,774 |
Kobayashi Pharmaceutical Company, Ltd. | 100 | 6,557 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Koito Manufacturing Company, Ltd. | 1,200 | $57,206 |
Komatsu, Ltd. | 3,400 | 88,709 |
Konami Holdings Corp. | 1,600 | 61,105 |
Konica Minolta, Inc. | 9,900 | 98,338 |
Kose Corp. | 200 | 29,897 |
Kubota Corp. | 2,500 | 39,475 |
Kuraray Company, Ltd. | 6,600 | 90,940 |
Kyocera Corp. | 2,200 | 119,654 |
Kyowa Hakko Kirin Company, Ltd. | 1,200 | 23,340 |
Kyushu Electric Power Company, Inc. | 11,600 | 135,062 |
Kyushu Railway Company | 400 | 12,264 |
Lawson, Inc. | 900 | 56,940 |
LINE Corp. (B) | 200 | 6,344 |
Lion Corp. | 2,000 | 37,570 |
LIXIL Group Corp. | 5,500 | 86,748 |
M3, Inc. | 2,000 | 32,218 |
Makita Corp. | 500 | 17,301 |
Marubeni Corp. | 9,200 | 74,697 |
Mazda Motor Corp. | 11,600 | 125,811 |
Mebuki Financial Group, Inc. | 8,900 | 27,207 |
MEIJI Holdings Company, Ltd. | 700 | 46,520 |
MINEBEA MITSUMI, Inc. | 4,900 | 74,984 |
MISUMI Group, Inc. | 2,600 | 52,205 |
Mitsubishi Chemical Holdings Corp. | 19,000 | 148,340 |
Mitsubishi Corp. | 8,200 | 231,058 |
Mitsubishi Electric Corp. | 4,600 | 58,430 |
Mitsubishi Estate Company, Ltd. | 3,700 | 59,194 |
Mitsubishi Gas Chemical Company, Inc. | 2,200 | 37,058 |
Mitsubishi Heavy Industries, Ltd. | 1,800 | 63,623 |
Mitsubishi Motors Corp. | 2,200 | 13,860 |
Mitsubishi Tanabe Pharma Corp. | 500 | 7,390 |
Mitsubishi UFJ Financial Group, Inc. | 58,900 | 357,403 |
Mitsubishi UFJ Lease & Finance Company, Ltd. | 12,300 | 63,323 |
Mitsui & Company, Ltd. | 9,800 | 163,731 |
Mitsui Chemicals, Inc. | 5,500 | 123,543 |
Mitsui Fudosan Company, Ltd. | 3,600 | 81,152 |
Mizuho Financial Group, Inc. | 102,500 | 176,200 |
MonotarRO Company, Ltd. (A) | 600 | 13,244 |
MS&AD Insurance Group Holdings, Inc. | 2,600 | 78,469 |
Murata Manufacturing Company, Ltd. (A) | 400 | 60,839 |
NEC Corp. | 5,400 | 155,031 |
Nexon Company, Ltd. (B) | 700 | 7,977 |
NGK Insulators, Ltd. | 3,200 | 44,999 |
NGK Spark Plug Company, Ltd. | 2,400 | 48,742 |
NH Foods, Ltd. | 600 | 20,735 |
Nidec Corp. | 900 | 115,555 |
Nikon Corp. | 5,300 | 92,376 |
Nintendo Company, Ltd. | 300 | 93,465 |
Nippon Building Fund, Inc. | 7 | 40,007 |
Nippon Express Company, Ltd. | 2,200 | 139,382 |
Nippon Paint Holdings Company, Ltd. | 300 | 9,397 |
34 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Nippon Steel & Sumitomo Metal Corp. | 4,200 | $77,670 |
Nippon Telegraph & Telephone Corp. | 14,200 | 597,670 |
Nissan Chemical Corp. | 1,800 | 85,171 |
Nissan Motor Company, Ltd. | 25,400 | 231,257 |
Nisshin Seifun Group, Inc. | 2,400 | 47,870 |
Nissin Foods Holdings Company, Ltd. | 500 | 32,298 |
Nitori Holdings Company, Ltd. | 500 | 65,283 |
Nitto Denko Corp. | 600 | 37,631 |
Nomura Holdings, Inc. | 16,100 | 78,107 |
Nomura Real Estate Master Fund, Inc. | 19 | 24,631 |
Nomura Research Institute, Ltd. | 600 | 26,583 |
NSK, Ltd. | 11,300 | 111,944 |
NTT Data Corp. | 4,600 | 59,347 |
NTT DOCOMO, Inc. | 7,400 | 186,516 |
Obayashi Corp. | 13,000 | 114,846 |
Obic Company, Ltd. | 400 | 36,436 |
Odakyu Electric Railway Company, Ltd. | 3,500 | 73,998 |
Oji Holdings Corp. | 21,600 | 153,882 |
Olympus Corp. | 1,700 | 56,790 |
Omron Corp. | 1,200 | 48,700 |
Ono Pharmaceutical Company, Ltd. | 800 | 18,232 |
Oracle Corp. Japan | 500 | 33,937 |
Oriental Land Company, Ltd. | 500 | 47,029 |
ORIX Corp. | 13,300 | 216,962 |
Osaka Gas Company, Ltd. | 8,100 | 148,643 |
Otsuka Corp. | 1,300 | 43,197 |
Otsuka Holdings Company, Ltd. | 900 | 43,128 |
Panasonic Corp. | 13,000 | 143,932 |
PeptiDream, Inc. (B) | 200 | 6,566 |
Persol Holdings Company, Ltd. | 800 | 15,227 |
Pigeon Corp. | 700 | 29,711 |
Pola Orbis Holdings, Inc. | 1,600 | 42,816 |
Rakuten, Inc. | 2,300 | 15,570 |
Recruit Holdings Company, Ltd. | 4,500 | 121,098 |
Renesas Electronics Corp. (B) | 1,500 | 7,948 |
Resona Holdings, Inc. | 12,600 | 66,430 |
Ricoh Company, Ltd. | 10,200 | 102,041 |
Rinnai Corp. | 100 | 7,284 |
Rohm Company, Ltd. | 800 | 56,285 |
Ryohin Keikaku Company, Ltd. | 300 | 79,243 |
Santen Pharmaceutical Company, Ltd. | 2,300 | 34,137 |
SBI Holdings, Inc. | 3,100 | 81,335 |
Secom Company, Ltd. | 500 | 40,986 |
Seibu Holdings, Inc. | 2,700 | 48,973 |
Seiko Epson Corp. | 1,700 | 27,476 |
Sekisui Chemical Company, Ltd. | 10,100 | 158,675 |
Sekisui House, Ltd. | 3,300 | 48,599 |
Seven & i Holdings Company, Ltd. | 5,900 | 255,803 |
SG Holdings Company, Ltd. | 500 | 12,600 |
Sharp Corp. | 500 | 7,669 |
Shimadzu Corp. | 1,700 | 42,976 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Shimano, Inc. | 200 | $27,363 |
Shimizu Corp. | 11,400 | 92,529 |
Shin-Etsu Chemical Company, Ltd. | 800 | 67,123 |
Shinsei Bank, Ltd. | 3,200 | 48,799 |
Shionogi & Company, Ltd. | 1,000 | 64,082 |
Shiseido Company, Ltd. | 1,400 | 88,537 |
Showa Denko KK | 1,200 | 52,421 |
Showa Shell Sekiyu KK | 1,200 | 23,138 |
SMC Corp. | 100 | 32,032 |
SoftBank Group Corp. | 4,300 | 344,747 |
Sohgo Security Services Company, Ltd. | 400 | 17,828 |
Sompo Holdings, Inc. | 2,100 | 87,085 |
Sony Corp. | 5,000 | 272,030 |
Sony Financial Holdings, Inc. | 2,500 | 58,150 |
Stanley Electric Company, Ltd. | 1,900 | 56,316 |
Subaru Corp. | 3,300 | 89,273 |
SUMCO Corp. | 1,100 | 14,874 |
Sumitomo Chemical Company, Ltd. | 42,000 | 210,642 |
Sumitomo Corp. | 6,500 | 98,691 |
Sumitomo Dainippon Pharma Company, Ltd. | 1,800 | 37,673 |
Sumitomo Electric Industries, Ltd. | 4,100 | 56,021 |
Sumitomo Metal Mining Company, Ltd. | 2,300 | 72,553 |
Sumitomo Mitsui Financial Group, Inc. | 6,600 | 258,140 |
Sumitomo Mitsui Trust Holdings, Inc. | 1,800 | 71,678 |
Sumitomo Realty & Development Company, Ltd. | 1,000 | 34,407 |
Sundrug Company, Ltd. | 800 | 29,064 |
Suntory Beverage & Food, Ltd. | 400 | 16,322 |
Suzuki Motor Corp. | 2,000 | 100,128 |
Sysmex Corp. | 900 | 63,193 |
T&D Holdings, Inc. | 6,800 | 109,603 |
Taisei Corp. | 1,900 | 81,401 |
Taisho Pharmaceutical Holdings Company, Ltd. | 500 | 53,343 |
Taiyo Nippon Sanso Corp. | 2,700 | 43,471 |
Takeda Pharmaceutical Company, Ltd. (A) | 1,700 | 68,841 |
TDK Corp. | 700 | 60,476 |
Terumo Corp. | 1,100 | 59,359 |
The Chiba Bank, Ltd. | 12,500 | 79,305 |
The Chugoku Electric Power Company, Inc. | 5,600 | 72,050 |
The Kansai Electric Power Company, Inc. | 6,700 | 102,737 |
The Shizuoka Bank, Ltd. | 9,000 | 79,031 |
Tobu Railway Company, Ltd. | 5,600 | 155,562 |
Toho Company, Ltd. | 500 | 16,326 |
Tohoku Electric Power Company, Inc. | 14,600 | 184,740 |
Tokio Marine Holdings, Inc. | 3,700 | 175,271 |
Tokyo Century Corp. | 800 | 42,887 |
Tokyo Electric Power Company Holdings, Inc. (B) | 36,900 | 188,988 |
Tokyo Electron, Ltd. | 600 | 83,390 |
Tokyo Gas Company, Ltd. | 6,900 | 170,031 |
Tokyu Corp. | 8,800 | 145,270 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 35 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Toppan Printing Company, Ltd. | 4,000 | $56,674 |
Toray Industries, Inc. | 9,300 | 66,082 |
Toshiba Corp. (B) | 2,200 | 65,890 |
Tosoh Corp. | 5,900 | 78,053 |
TOTO, Ltd. | 1,800 | 64,596 |
Toyota Industries Corp. | 800 | 39,343 |
Toyota Motor Corp. | 12,800 | 750,272 |
Toyota Tsusho Corp. | 1,000 | 36,197 |
Trend Micro, Inc. | 2,000 | 115,547 |
Tsuruha Holdings, Inc. | 200 | 20,841 |
Unicharm Corp. | 2,400 | 65,330 |
United Urban Investment Corp. | 6 | 9,139 |
USS Company, Ltd. | 3,700 | 66,784 |
West Japan Railway Company | 1,600 | 107,423 |
Yahoo Japan Corp. | 6,700 | 21,076 |
Yakult Honsha Company, Ltd. | 200 | 14,195 |
Yamada Denki Company, Ltd. (A) | 7,700 | 36,298 |
Yamaha Corp. | 1,100 | 48,491 |
Yamaha Motor Company, Ltd. | 4,000 | 95,025 |
Yamato Holdings Company, Ltd. | 600 | 16,428 |
Yamazaki Baking Company, Ltd. | 1,100 | 19,845 |
Yaskawa Electric Corp. (A) | 2,500 | 72,327 |
ZOZO, Inc. | 2,500 | 60,232 |
Luxembourg - 0.3% | 285,111 | |
ArcelorMittal | 3,874 | 96,743 |
Millicom International Cellular SA | 2,456 | 138,927 |
RTL Group SA | 518 | 33,278 |
Tenaris SA | 1,086 | 16,163 |
Macau - 0.1% | 88,873 | |
Sands China, Ltd. | 11,069 | 43,630 |
Wynn Macau, Ltd. | 21,921 | 45,243 |
Mexico - 0.0% | 24,895 | |
Fresnillo PLC | 2,296 | 24,895 |
Netherlands - 3.9% | 3,236,783 | |
ABN AMRO Group NV (C) | 3,888 | 95,595 |
Adyen NV (B)(C) | 27 | 17,471 |
Akzo Nobel NV | 4,344 | 365,604 |
ASML Holding NV | 1,367 | 233,757 |
Heineken Holding NV | 1,811 | 156,974 |
Heineken NV | 1,155 | 104,170 |
ING Groep NV | 17,248 | 204,809 |
Koninklijke Ahold Delhaize NV | 7,211 | 165,288 |
Koninklijke DSM NV | 2,439 | 213,840 |
Koninklijke Philips NV | 5,574 | 207,910 |
NN Group NV | 3,817 | 164,344 |
Royal Dutch Shell PLC, A Shares | 17,933 | 572,962 |
Royal Dutch Shell PLC, B Shares | 15,409 | 505,019 |
Wolters Kluwer NV | 4,030 | 229,040 |
Shares or Principal Amount | Value | |
New Zealand - 0.1% | $98,004 | |
a2 Milk Company, Ltd. (B) | 1,833 | 12,472 |
Auckland International Airport, Ltd. | 3,777 | 17,240 |
Fisher & Paykel Healthcare Corp., Ltd. | 1,698 | 15,080 |
Meridian Energy, Ltd. | 7,355 | 15,057 |
Ryman Healthcare, Ltd. | 1,306 | 10,319 |
Spark New Zealand, Ltd. | 10,792 | 27,836 |
Norway - 0.7% | 597,205 | |
Aker ASA, A Shares | 52 | 3,966 |
Aker BP ASA | 647 | 21,400 |
DNB ASA | 4,769 | 86,557 |
Equinor ASA | 9,861 | 257,291 |
Gjensidige Forsikring ASA | 471 | 7,319 |
Marine Harvest ASA | 1,394 | 33,834 |
Norsk Hydro ASA | 5,097 | 26,537 |
Orkla ASA | 1,594 | 13,795 |
Schibsted ASA, A Shares | 876 | 30,444 |
Schibsted ASA, B Shares | 597 | 18,965 |
Telenor ASA | 3,640 | 66,976 |
Yara International ASA | 698 | 30,121 |
Portugal - 0.1% | 104,918 | |
EDP - Energias de Portugal SA | 13,333 | 46,892 |
Galp Energia SGPS SA | 2,188 | 38,166 |
Jeronimo Martins SGPS SA | 1,614 | 19,860 |
Singapore - 1.0% | 810,372 | |
Ascendas Real Estate Investment Trust | 12,100 | 22,019 |
CapitaLand Mall Trust | 12,500 | 19,046 |
CapitaLand, Ltd. | 15,000 | 34,012 |
City Developments, Ltd. | 6,000 | 34,272 |
DBS Group Holdings, Ltd. | 4,658 | 78,912 |
Genting Singapore, Ltd. | 21,700 | 13,790 |
Great Eastern Holdings, Ltd. | 200 | 3,693 |
Jardine Cycle & Carriage, Ltd. | 500 | 10,929 |
Keppel Corp., Ltd. | 8,500 | 38,056 |
Oversea-Chinese Banking Corp., Ltd. | 23,766 | 184,320 |
Singapore Airlines, Ltd. | 5,100 | 34,913 |
Singapore Exchange, Ltd. | 9,800 | 48,406 |
Singapore Technologies Engineering, Ltd. | 9,200 | 23,585 |
Singapore Telecommunications, Ltd. | 47,200 | 107,707 |
Singapore Telecommunications, Ltd. | 500 | 1,134 |
United Overseas Bank, Ltd. | 8,124 | 143,027 |
Wilmar International, Ltd. | 5,500 | 12,551 |
Spain - 2.8% | 2,353,480 | |
ACS Actividades de Construccion y Servicios SA | 1,591 | 59,687 |
Aena SME SA (C) | 627 | 100,276 |
Amadeus IT Group SA | 2,647 | 213,482 |
Banco Bilbao Vizcaya Argentaria SA | 25,583 | 141,601 |
Banco Santander SA | 76,040 | 361,429 |
Bankia SA | 14,088 | 44,360 |
CaixaBank SA (A) | 37,827 | 153,481 |
36 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Spain (continued) | ||
EDP Renovaveis SA | 2,355 | $21,187 |
Endesa SA | 3,608 | 75,547 |
Ferrovial SA | 4,487 | 89,987 |
Grifols SA | 6,126 | 174,845 |
Iberdrola SA | 32,347 | 229,287 |
Industria de Diseno Textil SA (A) | 6,379 | 180,187 |
Naturgy Energy Group SA (A) | 4,480 | 110,252 |
Red Electrica Corp. SA | 2,640 | 54,740 |
Repsol SA | 7,861 | 140,952 |
Telefonica SA | 24,653 | 202,180 |
Sweden - 2.5% | 2,090,804 | |
Alfa Laval AB | 1,713 | 43,801 |
Assa Abloy AB, B Shares | 2,323 | 46,385 |
Atlas Copco AB, A Shares | 3,206 | 79,486 |
Atlas Copco AB, B Shares | 1,887 | 43,305 |
Boliden AB | 5,944 | 136,021 |
Electrolux AB, B Shares | 1,463 | 30,445 |
Epiroc AB, A Shares (B) | 3,145 | 27,652 |
Epiroc AB, B Shares (B) | 1,846 | 15,235 |
Essity AB, B Shares | 2,208 | 50,467 |
Fastighets AB Balder, B Shares (B) | 683 | 17,173 |
Hennes & Mauritz AB, B Shares (A) | 4,755 | 84,146 |
Hexagon AB, B Shares | 507 | 24,885 |
Husqvarna AB, B Shares | 5,402 | 40,853 |
ICA Gruppen AB (A) | 1,512 | 53,583 |
Lundin Petroleum AB | 552 | 16,875 |
Nibe Industrier AB, B Shares | 794 | 8,303 |
Sandvik AB | 6,045 | 95,837 |
Securitas AB, B Shares | 3,994 | 68,586 |
Skandinaviska Enskilda Banken AB, A Shares | 6,029 | 62,508 |
Skandinaviska Enskilda Banken AB, C Shares | 79 | 813 |
Skanska AB, B Shares | 2,138 | 33,697 |
SKF AB, B Shares | 10,883 | 175,039 |
Svenska Cellulosa AB SCA, B Shares | 11,483 | 108,828 |
Svenska Handelsbanken AB, A Shares | 7,609 | 82,869 |
Svenska Handelsbanken AB, B Shares | 285 | 3,162 |
Swedbank AB, A Shares | 4,895 | 110,382 |
Swedish Match AB | 524 | 26,734 |
Swedish Orphan Biovitrum AB (B) | 998 | 20,397 |
Tele2 AB, B Shares | 7,101 | 80,802 |
Telefonaktiebolaget LM Ericsson, B Shares | 14,433 | 125,985 |
Telia Company AB | 23,446 | 105,844 |
Trelleborg AB, B Shares | 2,861 | 51,744 |
Volvo AB, A Shares | 2,399 | 36,012 |
Volvo AB, B Shares | 12,223 | 182,950 |
Switzerland - 9.0% | 7,544,042 | |
ABB, Ltd. | 15,141 | 305,560 |
Chocoladefabriken Lindt & Sprungli AG | 3 | 20,728 |
Cie Financiere Richemont SA | 3,127 | 229,108 |
Coca-Cola HBC AG (B) | 3,696 | 109,091 |
Shares or Principal Amount | Value | |
Switzerland (continued) | ||
Credit Suisse Group AG (B) | 32,599 | $428,431 |
Ferguson PLC | 3,109 | 209,868 |
Geberit AG | 223 | 87,413 |
Givaudan SA | 119 | 289,130 |
Glencore PLC (B) | 47,827 | 194,852 |
Kuehne + Nagel International AG | 658 | 91,645 |
LafargeHolcim, Ltd. (B) | 6,639 | 307,893 |
Lonza Group AG (B) | 878 | 276,432 |
Nestle SA | 11,987 | 1,014,349 |
Novartis AG | 9,605 | 842,574 |
Partners Group Holding AG | 207 | 147,651 |
Roche Holding AG | 2,808 | 684,204 |
Roche Holding AG, Bearer Shares | 239 | 58,259 |
Schindler Holding AG | 266 | 55,321 |
Schindler Holding AG, Participation Certificates | 552 | 116,557 |
SGS SA | 63 | 149,812 |
Sika AG | 1,565 | 201,012 |
STMicroelectronics NV | 8,147 | 123,879 |
Swiss Re AG | 5,003 | 452,404 |
Swisscom AG | 695 | 318,792 |
The Swatch Group AG | 680 | 45,462 |
The Swatch Group AG, Bearer Shares | 426 | 144,329 |
UBS Group AG (B) | 14,386 | 201,510 |
Zurich Insurance Group AG | 1,406 | 437,776 |
United Arab Emirates - 0.1% | 42,152 | |
NMC Health PLC | 934 | 42,152 |
United Kingdom - 15.9% | 13,248,981 | |
3i Group PLC | 18,994 | 213,135 |
Admiral Group PLC | 2,314 | 59,519 |
Anglo American PLC | 22,030 | 471,549 |
Ashtead Group PLC | 6,792 | 167,972 |
Associated British Foods PLC | 1,629 | 49,663 |
AstraZeneca PLC | 5,474 | 418,965 |
Aviva PLC | 51,036 | 279,430 |
BAE Systems PLC | 41,140 | 276,395 |
Barclays PLC | 75,196 | 165,741 |
Barratt Developments PLC | 12,687 | 83,324 |
BP PLC | 159,851 | 1,158,703 |
British American Tobacco PLC | 7,011 | 304,000 |
BT Group PLC | 28,015 | 86,108 |
Bunzl PLC | 4,515 | 133,322 |
Burberry Group PLC | 6,602 | 152,771 |
Centrica PLC | 83,124 | 156,344 |
CNH Industrial NV | 6,040 | 62,865 |
Coca-Cola European Partners PLC | 2,501 | 113,690 |
Compass Group PLC | 9,158 | 180,205 |
Croda International PLC | 1,260 | 77,600 |
Diageo PLC | 12,093 | 418,513 |
DS Smith PLC | 8,530 | 42,823 |
easyJet PLC | 2,188 | 33,549 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 37 |
Shares or Principal Amount | Value | |
United Kingdom (continued) | ||
Experian PLC | 15,966 | $367,720 |
Fiat Chrysler Automobiles NV (B) | 8,372 | 127,585 |
GlaxoSmithKline PLC | 21,599 | 417,063 |
Hargreaves Lansdown PLC | 3,679 | 87,812 |
HSBC Holdings PLC | 83,916 | 691,485 |
Imperial Brands PLC | 5,355 | 181,528 |
Informa PLC | 5,449 | 49,684 |
InterContinental Hotels Group PLC | 1,345 | 70,633 |
International Consolidated Airlines Group SA | 21,863 | 168,944 |
Intertek Group PLC | 2,120 | 126,990 |
ITV PLC | 54,560 | 103,839 |
J Sainsbury PLC | 16,085 | 63,960 |
Johnson Matthey PLC | 1,758 | 66,782 |
Just Eat PLC (B) | 1,442 | 11,195 |
Kingfisher PLC | 40,159 | 130,695 |
Land Securities Group PLC | 4,378 | 47,728 |
Legal & General Group PLC | 54,394 | 174,797 |
Linde PLC | 825 | 135,473 |
Lloyds Banking Group PLC | 274,676 | 200,823 |
London Stock Exchange Group PLC | 3,960 | 218,334 |
Melrose Industries PLC | 13,277 | 28,611 |
Mondi PLC | 7,261 | 171,128 |
National Grid PLC | 19,263 | 204,093 |
Next PLC | 2,197 | 146,088 |
Ocado Group PLC (B) | 1,580 | 17,265 |
Pearson PLC | 7,448 | 85,517 |
Persimmon PLC | 3,939 | 115,458 |
Prudential PLC | 5,873 | 117,854 |
Reckitt Benckiser Group PLC | 1,578 | 127,692 |
RELX PLC | 10,099 | 200,012 |
RELX PLC (Euronext Amsterdam Exchange) | 1,600 | 31,671 |
Rentokil Initial PLC | 19,306 | 78,001 |
Rio Tinto PLC | 6,587 | 320,123 |
Rio Tinto, Ltd. | 3,330 | 180,314 |
Rolls-Royce Holdings PLC (B) | 30,369 | 325,565 |
Rolls-Royce Holdings PLC, C Shares Entitlement (B) | 1,396,974 | 1,785 |
RSA Insurance Group PLC | 11,434 | 82,458 |
Schroders PLC | 1,022 | 34,997 |
Schroders PLC, Non-Voting Shares | 642 | 18,334 |
Segro PLC | 3,667 | 28,797 |
Smith & Nephew PLC | 11,401 | 185,519 |
Smiths Group PLC | 5,164 | 92,211 |
SSE PLC | 12,099 | 176,470 |
St. James's Place PLC | 6,473 | 83,825 |
Standard Chartered PLC | 12,810 | 89,942 |
Standard Life Aberdeen PLC | 28,823 | 99,621 |
Taylor Wimpey PLC | 40,966 | 84,536 |
Tesco PLC | 58,172 | 158,544 |
The British Land Company PLC | 5,275 | 39,902 |
The Royal Bank of Scotland Group PLC | 14,361 | 43,379 |
Shares or Principal Amount | Value | |
United Kingdom (continued) | ||
The Sage Group PLC | 14,820 | $103,089 |
Unilever NV (A) | 5,149 | 277,264 |
Unilever PLC | 6,277 | 332,567 |
Vodafone Group PLC | 138,038 | 260,722 |
Whitbread PLC | 2,561 | 143,982 |
Wm Morrison Supermarkets PLC | 28,574 | 90,582 |
WPP PLC | 10,728 | 121,807 |
United States - 0.0% | 27,392 | |
Carnival PLC | 501 | 27,290 |
International Flavors & Fragrances, Inc. | 1 | 102 |
PREFERRED SECURITIES - 0.7% | $571,131 | |
(Cost $608,383) | ||
Germany - 0.7% | 571,131 | |
Bayerische Motoren Werke AG | 1,033 | 78,068 |
Henkel AG & Company KGaA | 383 | 41,912 |
Porsche Automobil Holding SE | 1,819 | 115,994 |
RWE AG | 659 | 10,976 |
Sartorius AG | 227 | 32,922 |
Volkswagen AG | 1,728 | 291,259 |
RIGHTS - 0.0% | $2,192 | |
(Cost $2,276) | ||
Banco Santander SA (Expiration Date: 11-6-18) (B)(D) | 56,392 | 2,192 |
SECURITIES LENDING COLLATERAL - 2.2% | $1,792,290 | |
(Cost $1,792,380) | ||
John Hancock Collateral Trust, 2.2770% (E)(F) | 179,170 | 1,792,290 |
SHORT-TERM INVESTMENTS - 0.2% | $176,514 | |
(Cost $176,514) | ||
Money market funds - 0.2% | 176,514 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (E) | 176,514 | 176,514 |
Total investments (Multifactor Developed International ETF) (Cost $90,345,298) - 101.9% | $85,168,728 | |
Other assets and liabilities, net - (1.9%) | (1,588,774) | |
Total net assets - 100.0% | $83,579,954 |
Security Abbreviations and Legend | |
(A) | All or a portion of this security is on loan as of 10-31-18. |
(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) | Strike price and/or expiration date not available. |
(E) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(F) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
38 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
COMMON STOCKS - 96.9% | $4,449,885 | |
(Cost $4,914,095) | ||
Brazil - 5.4% | 247,005 | |
Ambev SA | 4,800 | 21,115 |
B3 SA - Brasil Bolsa Balcao | 2,200 | 15,719 |
Banco Bradesco SA | 800 | 6,515 |
Banco BTG Pactual SA | 200 | 1,064 |
Banco do Brasil SA | 1,400 | 16,113 |
BB Seguridade Participacoes SA | 800 | 5,703 |
BRF SA (A) | 600 | 3,537 |
CCR SA | 1,600 | 4,725 |
Centrais Eletricas Brasileiras SA (A) | 200 | 1,265 |
Cia de Saneamento Basico do Estado de Sao Paulo | 600 | 4,515 |
Cielo SA | 1,600 | 5,686 |
Engie Brasil Energia SA | 400 | 4,286 |
Fibria Celulose SA | 200 | 3,869 |
Hapvida Participacoes e Investimentos SA (A)(B) | 200 | 1,372 |
Hypera SA | 200 | 1,603 |
IRB Brasil Resseguros SA | 200 | 3,901 |
JBS SA | 2,000 | 5,519 |
Klabin SA | 400 | 2,011 |
Kroton Educacional SA | 1,600 | 4,919 |
Lojas Americanas SA | 400 | 1,508 |
Lojas Renner SA | 1,000 | 10,122 |
Petrobras Distribuidora SA | 200 | 1,291 |
Petroleo Brasileiro SA | 3,000 | 24,488 |
Raia Drogasil SA | 400 | 6,765 |
Rumo SA (A) | 800 | 3,586 |
Suzano Papel e Celulose SA | 400 | 4,076 |
TIM Participacoes SA | 1,800 | 5,616 |
Ultrapar Participacoes SA | 600 | 7,148 |
Vale SA | 4,200 | 64,122 |
WEG SA | 1,000 | 4,846 |
Chile - 1.2% | 54,738 | |
Aguas Andinas SA, Class A | 1,994 | 1,042 |
Banco de Chile | 18,036 | 2,512 |
Banco de Credito e Inversiones | 60 | 3,760 |
Banco Santander Chile | 51,588 | 3,808 |
Cencosud SA | 1,466 | 3,010 |
Cia Cervecerias Unidas SA | 198 | 2,468 |
Colbun SA | 13,728 | 2,612 |
Empresas CMPC SA | 1,596 | 5,491 |
Empresas COPEC SA | 356 | 5,000 |
Enel Americas SA | 45,074 | 7,049 |
Enel Chile SA | 35,302 | 3,067 |
Itau CorpBanca | 219,316 | 2,031 |
Latam Airlines Group SA | 478 | 4,359 |
Plaza SA (A) | 562 | 1,149 |
SACI Falabella | 978 | 7,380 |
Shares or Principal Amount | Value | |
China - 24.5% | $1,125,277 | |
AAC Technologies Holdings, Inc. | 1,000 | 7,609 |
Agricultural Bank of China, Ltd., H Shares | 28,000 | 12,287 |
Air China, Ltd., H Shares | 4,000 | 3,220 |
Alibaba Group Holding, Ltd., ADR (A) | 600 | 85,368 |
Aluminum Corp. of China, Ltd., H Shares (A) | 8,000 | 2,898 |
Anhui Conch Cement Company, Ltd., H Shares | 3,000 | 15,499 |
ANTA Sports Products, Ltd. | 2,000 | 8,215 |
Baidu, Inc., ADR (A) | 200 | 38,012 |
Bank of China, Ltd., H Shares | 74,000 | 31,528 |
Bank of Communications Company, Ltd., H Shares | 24,000 | 18,001 |
BYD Company, Ltd., H Shares | 1,000 | 6,480 |
CGN Power Company, Ltd., H Shares (B) | 12,000 | 2,755 |
China Cinda Asset Management Company, Ltd., H Shares | 12,000 | 2,939 |
China CITIC Bank Corp., Ltd., H Shares | 16,000 | 9,899 |
China Coal Energy Company, Ltd., H Shares | 4,000 | 1,791 |
China Communications Construction Company, Ltd., H Shares | 8,000 | 7,317 |
China Construction Bank Corp., H Shares | 92,000 | 72,995 |
China Eastern Airlines Corp., Ltd., H Shares | 4,000 | 2,209 |
China Everbright Bank Company, Ltd., H Shares | 4,000 | 1,781 |
China Evergrande Group | 8,000 | 19,083 |
China Galaxy Securities Company, Ltd., H Shares | 5,000 | 2,513 |
China Huarong Asset Management Company, Ltd. , H Shares (B) | 24,000 | 4,347 |
China Life Insurance Company, Ltd., H Shares | 6,000 | 11,955 |
China Merchants Bank Company, Ltd., H Shares | 5,000 | 19,262 |
China Merchants Securities Company, Ltd., H Shares (B) | 400 | 454 |
China Minsheng Banking Corp., Ltd., H Shares | 10,000 | 7,373 |
China Molybdenum Company, Ltd., H Shares | 6,000 | 2,227 |
China Pacific Insurance Group Company, Ltd., H Shares | 3,200 | 11,919 |
China Petroleum & Chemical Corp., H Shares | 40,000 | 32,451 |
China Railway Construction Corp., H Shares | 4,000 | 5,062 |
China Railway Group, Ltd., H Shares | 6,000 | 5,358 |
China Reinsurance Group Corp., H Shares | 6,000 | 1,148 |
China Resources Pharmaceutical Group, Ltd. (B) | 1,000 | 1,467 |
China Shenhua Energy Company, Ltd., H Shares | 7,000 | 15,858 |
China Southern Airlines Company, Ltd., H Shares | 4,000 | 2,163 |
China Telecom Corp., Ltd., H Shares | 28,000 | 13,215 |
China Vanke Company, Ltd., H Shares | 2,400 | 7,393 |
CITIC Securities Company, Ltd., H Shares | 3,000 | 5,281 |
CNOOC, Ltd. | 30,000 | 51,509 |
Country Garden Holdings Company, Ltd. | 12,000 | 12,843 |
CRRC Corp., Ltd., H Shares | 4,000 | 3,510 |
CSPC Pharmaceutical Group, Ltd. | 4,000 | 8,439 |
Ctrip.com International, Ltd., ADR (A) | 400 | 13,312 |
Dongfeng Motor Group Company, Ltd., H Shares | 4,000 | 3,939 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 39 |
Shares or Principal Amount | Value | |
China (continued) | ||
ENN Energy Holdings, Ltd. | 400 | $3,401 |
Fosun International, Ltd. | 6,000 | 8,756 |
Fuyao Glass Industry Group Company, Ltd. , H Shares (B) | 800 | 2,362 |
Geely Automobile Holdings, Ltd. | 6,000 | 11,480 |
GF Securities Company, Ltd., H Shares | 2,000 | 2,587 |
Great Wall Motor Company, Ltd., H Shares | 6,000 | 3,551 |
Guangzhou Automobile Group Company, Ltd., H Shares | 4,000 | 4,046 |
Guotai Junan Securities Company, Ltd., H Shares (B) | 800 | 1,686 |
Haitong Securities Company, Ltd., H Shares | 3,200 | 3,221 |
Hengan International Group Company, Ltd. | 1,000 | 7,922 |
Huaneng Power International, Inc., H Shares | 12,000 | 6,689 |
Huatai Securities Company, Ltd., H Shares (B) | 1,600 | 2,572 |
Huazhu Group, Ltd., ADR | 200 | 5,232 |
Industrial & Commercial Bank of China, Ltd., H Shares | 72,000 | 48,677 |
iQIYI, Inc., ADR (A) | 200 | 3,928 |
JD.com, Inc., ADR (A) | 800 | 18,816 |
Longfor Group Holdings, Ltd. | 2,000 | 4,858 |
Metallurgical Corp. of China, Ltd., H Shares | 4,000 | 969 |
NetEase, Inc., ADR | 200 | 41,570 |
New China Life Insurance Company, Ltd., H Shares | 800 | 3,740 |
Orient Securities Company, Ltd., H Shares (B) | 800 | 526 |
PetroChina Company, Ltd., H Shares | 32,000 | 23,430 |
PICC Property & Casualty Company, Ltd., H Shares | 8,000 | 7,756 |
Ping An Insurance Group Company of China, Ltd., H Shares | 7,000 | 65,943 |
Postal Savings Bank of China Company, Ltd., H Shares (B) | 4,000 | 2,388 |
Shanghai Electric Group Company, Ltd., H Shares | 4,000 | 1,301 |
Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares | 1,000 | 2,998 |
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares | 1,000 | 2,209 |
Sinopec Shanghai Petrochemical Company, Ltd., H Shares | 8,000 | 3,510 |
Sinopharm Group Company, Ltd., H Shares | 2,400 | 11,572 |
Sunac China Holdings, Ltd. | 2,000 | 5,434 |
Sunny Optical Technology Group Company, Ltd. | 1,000 | 8,674 |
TAL Education Group, ADR (A) | 400 | 11,592 |
Tencent Holdings, Ltd. | 4,400 | 149,858 |
The People's Insurance Company Group of China, Ltd., H Shares | 8,000 | 3,266 |
Tingyi Cayman Islands Holding Corp. | 4,000 | 5,919 |
Want Want China Holdings, Ltd. | 16,000 | 11,429 |
Weichai Power Company, Ltd., H Shares | 4,000 | 3,954 |
Yum China Holdings, Inc. | 400 | 14,432 |
Zijin Mining Group Company, Ltd., H Shares | 12,000 | 4,454 |
ZTE Corp., H Shares (A) | 1,600 | 2,441 |
Shares or Principal Amount | Value | |
China (continued) | ||
ZTO Express Cayman, Inc., ADR | 200 | $3,244 |
Hong Kong - 4.1% | 189,319 | |
Alibaba Health Information Technology, Ltd. (A) | 4,000 | 3,235 |
Brilliance China Automotive Holdings, Ltd. | 4,000 | 3,490 |
China Gas Holdings, Ltd. | 3,600 | 11,389 |
China Mengniu Dairy Company, Ltd. (A) | 4,000 | 11,787 |
China Mobile, Ltd. | 8,000 | 74,802 |
China Overseas Land & Investment, Ltd. | 4,000 | 12,526 |
China Resources Land, Ltd. | 4,000 | 13,572 |
China Resources Power Holdings Company, Ltd. | 4,000 | 7,031 |
China Taiping Insurance Holdings Company, Ltd. | 2,400 | 8,021 |
China Unicom Hong Kong, Ltd. | 12,000 | 12,460 |
CITIC, Ltd. | 8,000 | 12,001 |
Fullshare Holdings, Ltd. (A) | 5,000 | 1,945 |
Guangdong Investment, Ltd. | 4,000 | 7,143 |
Shimao Property Holdings, Ltd. | 1,000 | 1,957 |
Sino Biopharmaceutical, Ltd. | 4,000 | 3,587 |
Sun Art Retail Group, Ltd. | 4,000 | 4,373 |
India - 11.7% | 537,262 | |
Axis Bank, Ltd., GDR (A) | 1,368 | 53,899 |
Dr. Reddy's Laboratories, Ltd., ADR | 372 | 12,659 |
ICICI Bank, Ltd., ADR | 7,244 | 68,746 |
Infosys, Ltd., ADR | 14,060 | 133,148 |
Larsen & Toubro, Ltd., GDR | 1,664 | 29,220 |
Reliance Industries, Ltd., GDR (B) | 5,638 | 160,965 |
State Bank of India, GDR (A) | 878 | 33,232 |
Tata Motors, Ltd., ADR (A) | 1,778 | 21,709 |
Vedanta, Ltd., ADR | 2,126 | 23,684 |
Indonesia - 2.5% | 116,390 | |
Adaro Energy Tbk PT | 35,200 | 3,820 |
Astra International Tbk PT | 26,600 | 13,823 |
Bank Central Asia Tbk PT | 7,800 | 12,134 |
Bank Danamon Indonesia Tbk PT | 4,800 | 2,344 |
Bank Mandiri Persero Tbk PT | 25,200 | 11,355 |
Bank Negara Indonesia Persero Tbk PT | 10,200 | 4,915 |
Bank Rakyat Indonesia Persero Tbk PT | 68,200 | 14,131 |
Bukit Asam Tbk PT | 1,800 | 503 |
Charoen Pokphand Indonesia Tbk PT | 9,400 | 3,401 |
Gudang Garam Tbk PT | 600 | 2,853 |
Indah Kiat Pulp & Paper Corp. Tbk PT | 3,400 | 2,846 |
Indocement Tunggal Prakarsa Tbk PT | 1,600 | 1,821 |
Indofood CBP Sukses Makmur Tbk PT | 2,800 | 1,644 |
Indofood Sukses Makmur Tbk PT | 10,200 | 4,009 |
Jasa Marga Persero Tbk PT | 3,600 | 983 |
Kalbe Farma Tbk PT | 25,400 | 2,289 |
Mayora Indah Tbk PT | 8,800 | 1,476 |
Pabrik Kertas Tjiwi Kimia Tbk PT | 400 | 271 |
Perusahaan Gas Negara Persero Tbk PT | 26,400 | 3,855 |
Semen Indonesia Persero Tbk PT | 5,000 | 2,960 |
40 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Indonesia (continued) | ||
Surya Citra Media Tbk PT | 7,000 | $723 |
Telekomunikasi Indonesia Persero Tbk PT | 62,000 | 15,701 |
United Tractors Tbk PT | 3,200 | 7,051 |
XL Axiata Tbk PT (A) | 8,600 | 1,482 |
Malaysia - 2.5% | 115,617 | |
AirAsia Group BHD | 1,200 | 754 |
AMMB Holdings BHD | 1,800 | 1,635 |
Astro Malaysia Holdings BHD | 3,400 | 1,097 |
Axiata Group BHD | 4,600 | 3,749 |
CIMB Group Holdings BHD | 4,000 | 5,468 |
Dialog Group BHD | 2,400 | 1,944 |
DiGi.Com BHD | 3,000 | 3,090 |
Gamuda BHD | 2,000 | 1,142 |
Genting BHD | 3,200 | 5,613 |
Genting Malaysia BHD | 3,200 | 3,434 |
HAP Seng Consolidated BHD | 600 | 1,412 |
Hartalega Holdings BHD | 1,200 | 1,795 |
Hong Leong Bank BHD | 600 | 2,968 |
Hong Leong Financial Group BHD | 400 | 1,757 |
IHH Healthcare BHD | 1,800 | 2,151 |
IOI Corp. BHD | 2,800 | 3,011 |
IOI Properties Group BHD | 1,800 | 564 |
Kuala Lumpur Kepong BHD | 400 | 2,382 |
Lotte Chemical Titan Holding BHD (B) | 1,000 | 1,028 |
Malayan Banking BHD | 4,045 | 9,174 |
Malaysia Airports Holdings BHD | 800 | 1,587 |
Maxis BHD | 1,600 | 2,000 |
MISC BHD | 1,400 | 2,041 |
Petronas Chemicals Group BHD | 2,200 | 4,916 |
Petronas Dagangan BHD | 400 | 2,485 |
Petronas Gas BHD | 400 | 1,747 |
PPB Group BHD | 1,000 | 4,005 |
Press Metal Aluminium Holdings BHD | 2,000 | 2,313 |
Public Bank BHD | 1,800 | 10,582 |
RHB Bank BHD | 1,400 | 1,750 |
Sime Darby BHD | 4,800 | 2,524 |
Sime Darby Plantation BHD | 1,400 | 1,760 |
SP Setia BHD Group | 800 | 401 |
Telekom Malaysia BHD | 2,200 | 1,251 |
Tenaga Nasional BHD | 4,800 | 16,862 |
Top Glove Corp. BHD | 1,200 | 1,703 |
Westports Holdings BHD | 1,400 | 1,141 |
YTL Corp. BHD | 9,400 | 2,381 |
Mexico - 3.0% | 135,511 | |
Alfa SAB de CV, Class A | 6,400 | 6,788 |
America Movil SAB de CV, Series L | 26,600 | 19,296 |
Arca Continental SAB de CV | 400 | 2,015 |
Banco Santander Mexico SA, B Shares | 2,200 | 2,763 |
Cemex SAB de CV (A) | 19,400 | 9,752 |
Coca-Cola Femsa SAB de CV, Series L | 400 | 2,291 |
Shares or Principal Amount | Value | |
Mexico (continued) | ||
El Puerto de Liverpool SAB de CV, Series C1 | 200 | $1,274 |
Fomento Economico Mexicano SAB de CV | 1,800 | 15,380 |
Grupo Aeroportuario del Pacifico SAB de CV, Series B | 400 | 3,337 |
Grupo Aeroportuario del Sureste SAB de CV, Class B | 170 | 2,813 |
Grupo Bimbo SAB de CV, Series A | 2,000 | 3,751 |
Grupo Carso SAB de CV, Series A1 | 400 | 1,175 |
Grupo Elektra SAB de CV | 40 | 1,699 |
Grupo Financiero Banorte SAB de CV, Series O | 2,200 | 12,166 |
Grupo Financiero Inbursa SAB de CV, Series O | 3,400 | 4,444 |
Grupo Mexico SAB de CV, Series B | 6,600 | 15,269 |
Grupo Televisa SAB | 2,800 | 8,090 |
Industrias Penoles SAB de CV | 200 | 2,825 |
Infraestructura Energetica Nova SAB de CV | 600 | 2,347 |
Mexichem SAB de CV | 1,400 | 3,673 |
Wal-Mart de Mexico SAB de CV | 5,600 | 14,363 |
Philippines - 1.5% | 68,345 | |
Aboitiz Equity Ventures, Inc. | 1,680 | 1,476 |
Aboitiz Power Corp. | 3,200 | 2,016 |
Ayala Corp. | 380 | 6,534 |
Ayala Land, Inc. | 5,400 | 4,002 |
Bank of the Philippine Islands | 2,300 | 3,531 |
BDO Unibank, Inc. | 2,180 | 4,987 |
DMCI Holdings, Inc. | 8,000 | 1,920 |
Globe Telecom, Inc. | 50 | 1,953 |
GT Capital Holdings, Inc. | 140 | 1,989 |
International Container Terminal Services, Inc. | 1,460 | 2,469 |
JG Summit Holdings, Inc. | 3,640 | 3,218 |
Jollibee Foods Corp. | 620 | 3,198 |
LT Group, Inc. | 3,800 | 1,030 |
Manila Electric Company | 360 | 2,475 |
Metro Pacific Investments Corp. | 14,000 | 1,256 |
Metropolitan Bank & Trust Company | 2,980 | 3,651 |
PLDT, Inc. | 140 | 3,637 |
San Miguel Corp. | 1,340 | 4,283 |
San Miguel Food and Beverage, Inc. | 480 | 763 |
SM Investments Corp. | 360 | 6,056 |
SM Prime Holdings, Inc. | 8,200 | 5,180 |
Universal Robina Corp. | 1,120 | 2,721 |
Poland - 1.2% | 55,002 | |
Alior Bank SA (A) | 50 | 754 |
Bank Handlowy w Warszawie SA | 34 | 621 |
Bank Millennium SA (A) | 228 | 526 |
Bank Polska Kasa Opieki SA | 120 | 3,280 |
CD Projekt SA (A) | 38 | 1,570 |
Cyfrowy Polsat SA (A) | 314 | 1,812 |
Grupa Lotos SA | 148 | 2,677 |
ING Bank Slaski SA | 24 | 1,021 |
Jastrzebska Spolka Weglowa SA (A) | 40 | 773 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 41 |
Shares or Principal Amount | Value | |
Poland (continued) | ||
KGHM Polska Miedz SA (A) | 218 | $4,944 |
LPP SA | 2 | 4,099 |
mBank SA | 20 | 1,953 |
PGE Polska Grupa Energetyczna SA (A) | 862 | 2,365 |
Polski Koncern Naftowy Orlen SA | 402 | 9,680 |
Polskie Gornictwo Naftowe i Gazownictwo SA | 2,354 | 3,847 |
Powszechna Kasa Oszczednosci Bank Polski SA | 690 | 7,193 |
Powszechny Zaklad Ubezpieczen SA | 580 | 5,932 |
Santander Bank Polska SA | 22 | 1,955 |
Romania - 0.0% | 1,898 | |
NEPI Rockcastle PLC | 220 | 1,898 |
Russia - 3.2% | 146,033 | |
Gazprom PJSC, ADR | 6,198 | 29,366 |
Lukoil PJSC, ADR | 350 | 26,145 |
MMC Norilsk Nickel PJSC, ADR | 854 | 14,159 |
Novatek PJSC, GDR | 116 | 19,662 |
Sberbank of Russia PJSC, ADR | 3,124 | 36,863 |
Surgutneftegas PJSC, ADR | 1,302 | 5,182 |
Tatneft PJSC, ADR | 208 | 14,656 |
South Africa - 6.0% | 275,392 | |
Absa Group, Ltd. | 932 | 9,411 |
Anglo American Platinum, Ltd. | 94 | 3,068 |
AngloGold Ashanti, Ltd. | 880 | 8,511 |
Aspen Pharmacare Holdings, Ltd. | 372 | 3,930 |
Bid Corp., Ltd. | 438 | 8,205 |
Capitec Bank Holdings, Ltd. | 82 | 5,501 |
Clicks Group, Ltd. | 160 | 2,037 |
Discovery, Ltd. | 986 | 10,546 |
Exxaro Resources, Ltd. | 200 | 2,044 |
FirstRand, Ltd. | 5,760 | 25,086 |
Growthpoint Properties, Ltd. | 2,606 | 3,997 |
Investec, Ltd. | 412 | 2,561 |
Kumba Iron Ore, Ltd. | 98 | 1,918 |
Mr. Price Group, Ltd. | 376 | 5,881 |
MTN Group, Ltd. | 3,022 | 17,498 |
Naspers, Ltd., N Shares | 248 | 43,544 |
Nedbank Group, Ltd. | 551 | 9,288 |
Old Mutual, Ltd. | 1,804 | 2,720 |
PSG Group, Ltd. | 70 | 1,043 |
Redefine Properties, Ltd. | 5,290 | 3,436 |
Sanlam, Ltd. | 3,566 | 17,934 |
Sappi, Ltd. | 936 | 5,257 |
Sasol, Ltd. | 630 | 20,650 |
Shoprite Holdings, Ltd. | 684 | 8,352 |
Standard Bank Group, Ltd. | 2,210 | 24,445 |
The Bidvest Group, Ltd. | 1,118 | 13,914 |
Tiger Brands, Ltd. | 290 | 5,177 |
Vodacom Group, Ltd. | 516 | 4,347 |
Woolworths Holdings, Ltd. | 1,476 | 5,091 |
Shares or Principal Amount | Value | |
South Korea - 14.6% | $671,526 | |
Amorepacific Corp. | 24 | 3,222 |
AMOREPACIFIC Group | 40 | 2,180 |
BNK Financial Group, Inc. | 338 | 2,251 |
Celltrion Healthcare Company, Ltd. (A) | 26 | 1,453 |
Celltrion, Inc. (A) | 66 | 12,597 |
CJ CheilJedang Corp. | 18 | 5,118 |
CJ Corp. | 28 | 2,678 |
CJ ENM Company, Ltd. | 6 | 1,190 |
CJ Logistics Corp. (A) | 6 | 835 |
Coway Company, Ltd. | 100 | 6,169 |
Daelim Industrial Company, Ltd. | 48 | 3,201 |
DB Insurance Company, Ltd. | 104 | 6,553 |
Dongsuh Companies, Inc. | 28 | 458 |
Doosan Bobcat, Inc. | 30 | 927 |
E-MART, Inc. | 32 | 5,743 |
GS Engineering & Construction Corp. | 38 | 1,392 |
GS Holdings Corp. | 116 | 4,937 |
GS Retail Company, Ltd. | 14 | 441 |
Hana Financial Group, Inc. | 380 | 12,772 |
Hankook Tire Company, Ltd. | 148 | 5,377 |
Hanmi Pharm Company, Ltd. | 4 | 1,367 |
Hanmi Science Company, Ltd. | 18 | 1,054 |
Hanon Systems | 198 | 1,903 |
Hanwha Chemical Corp. | 140 | 1,984 |
Hanwha Corp. | 132 | 3,255 |
Hanwha Life Insurance Company, Ltd. | 372 | 1,464 |
HDC Hyundai Development Co-Engineering & Construction (A) | 20 | 772 |
HLB, Inc. (A) | 10 | 760 |
Hotel Shilla Company, Ltd. | 24 | 1,502 |
Hyundai Engineering & Construction Company, Ltd. | 96 | 3,854 |
Hyundai Glovis Company, Ltd. | 26 | 2,601 |
Hyundai Heavy Industries Company, Ltd. (A) | 40 | 4,370 |
Hyundai Heavy Industries Holdings Company, Ltd. (A) | 12 | 3,754 |
Hyundai Marine & Fire Insurance Company, Ltd. | 140 | 5,135 |
Hyundai Mobis Company, Ltd. | 60 | 10,004 |
Hyundai Motor Company | 158 | 14,766 |
Hyundai Steel Company | 110 | 4,030 |
Industrial Bank of Korea | 418 | 5,447 |
Kakao Corp. | 18 | 1,447 |
Kangwon Land, Inc. | 120 | 3,022 |
KB Financial Group, Inc. | 442 | 18,385 |
KCC Corp. | 8 | 1,734 |
Kia Motors Corp. | 336 | 8,374 |
Korea Aerospace Industries, Ltd. (A) | 56 | 1,423 |
Korea Electric Power Corp. | 322 | 7,658 |
Korea Gas Corp. (A) | 50 | 2,286 |
Korea Investment Holdings Company, Ltd. | 50 | 2,602 |
Korea Zinc Company, Ltd. | 10 | 3,326 |
42 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
South Korea (continued) | ||
KT&G Corp. | 94 | $8,373 |
LG Chem, Ltd. | 34 | 10,353 |
LG Corp. | 176 | 10,240 |
LG Display Company, Ltd. | 542 | 7,848 |
LG Electronics, Inc. | 244 | 13,554 |
LG Household & Health Care, Ltd. | 12 | 10,994 |
LG Innotek Company, Ltd. | 12 | 1,306 |
LG Uplus Corp. | 506 | 7,171 |
Lotte Chemical Corp. | 36 | 8,293 |
Lotte Corp. (A) | 56 | 2,337 |
Lotte Shopping Company, Ltd. | 24 | 4,075 |
Medy-Tox, Inc. | 4 | 1,637 |
Mirae Asset Daewoo Company, Ltd. | 446 | 2,517 |
NAVER Corp. | 120 | 12,057 |
NCSoft Corp. | 18 | 6,784 |
Netmarble Corp. (B) | 34 | 3,342 |
NH Investment & Securities Company, Ltd. | 180 | 1,919 |
OCI Company, Ltd. | 6 | 449 |
Orange Life Insurance, Ltd. (B) | 30 | 807 |
Orion Corp. | 18 | 1,502 |
Pan Ocean Company, Ltd. (A) | 182 | 762 |
POSCO | 88 | 19,924 |
POSCO Chemtech Company, Ltd. | 6 | 343 |
Posco Daewoo Corp. | 58 | 906 |
S-1 Corp. | 18 | 1,524 |
Samsung Biologics Company, Ltd. (A)(B) | 6 | 2,040 |
Samsung C&T Corp. | 54 | 5,142 |
Samsung Card Company, Ltd. | 50 | 1,476 |
Samsung Electro-Mechanics Company, Ltd. | 60 | 6,213 |
Samsung Electronics Company, Ltd. | 4,690 | 174,504 |
Samsung Fire & Marine Insurance Company, Ltd. | 52 | 12,709 |
Samsung Heavy Industries Company, Ltd. (A) | 626 | 3,823 |
Samsung Life Insurance Company, Ltd. | 110 | 8,881 |
Samsung SDI Company, Ltd. | 56 | 11,573 |
Samsung SDS Company, Ltd. | 16 | 2,703 |
Samsung Securities Company, Ltd. | 82 | 1,925 |
Shinhan Financial Group Company, Ltd. | 530 | 19,790 |
Shinsegae, Inc. | 2 | 454 |
SK Holdings Company, Ltd. | 46 | 10,556 |
SK Hynix, Inc. | 566 | 33,874 |
SK Innovation Company, Ltd. | 72 | 13,490 |
SK Telecom Company, Ltd. | 48 | 11,289 |
S-Oil Corp. | 50 | 5,441 |
Woori Bank | 598 | 8,265 |
Yuhan Corp. | 4 | 588 |
Taiwan - 11.5% | 526,777 | |
ASE Technology Holding Company, Ltd. (A) | 6,000 | 12,100 |
Asia Cement Corp. | 4,000 | 4,234 |
AU Optronics Corp. | 20,000 | 7,885 |
Shares or Principal Amount | Value | |
Taiwan (continued) | ||
Cathay Financial Holdings Company, Ltd. | 8,000 | $12,668 |
Chailease Holding Company, Ltd. | 2,000 | 5,701 |
Chang Hwa Commercial Bank | 12,000 | 6,806 |
Cheng Shin Rubber Industry Company, Ltd. | 2,000 | 2,815 |
China Development Financial Holding Corp. | 26,000 | 8,344 |
China Life Insurance Company, Ltd. | 6,000 | 5,701 |
China Steel Corp. | 16,000 | 12,617 |
Chunghwa Telecom Company, Ltd. | 4,000 | 14,155 |
Compal Electronics, Inc. | 8,000 | 4,408 |
CTBC Financial Holding Company, Ltd. | 24,000 | 16,017 |
Delta Electronics, Inc. | 2,000 | 8,403 |
E.Sun Financial Holding Company, Ltd. | 14,000 | 9,275 |
Far Eastern New Century Corp. | 8,000 | 8,028 |
Far EasTone Telecommunications Company, Ltd. | 2,000 | 4,764 |
First Financial Holding Company, Ltd. | 14,000 | 8,845 |
Formosa Chemicals & Fibre Corp. | 4,000 | 14,478 |
Formosa Petrochemical Corp. | 2,000 | 7,885 |
Formosa Plastics Corp. | 4,000 | 13,056 |
Foxconn Technology Company, Ltd. | 2,000 | 4,240 |
Fubon Financial Holding Company, Ltd. | 10,000 | 15,658 |
Hon Hai Precision Industry Company, Ltd. | 12,800 | 32,597 |
Hua Nan Financial Holdings Company, Ltd. | 14,000 | 7,895 |
Innolux Corp. | 18,000 | 5,451 |
Inventec Corp. | 4,000 | 3,225 |
Lite-On Technology Corp. | 4,000 | 4,589 |
MediaTek, Inc. | 2,000 | 14,704 |
Mega Financial Holding Company, Ltd. | 14,000 | 11,831 |
Nan Ya Plastics Corp. | 6,000 | 14,911 |
Nanya Technology Corp. | 2,000 | 3,322 |
Pegatron Corp. | 4,000 | 7,278 |
Pou Chen Corp. | 6,000 | 6,079 |
Quanta Computer, Inc. | 2,000 | 3,157 |
Shin Kong Financial Holding Company, Ltd. | 18,000 | 5,904 |
SinoPac Financial Holdings Company, Ltd. | 20,000 | 6,787 |
Taishin Financial Holdings Company, Ltd. | 20,000 | 8,887 |
Taiwan Cement Corp. | 6,000 | 6,729 |
Taiwan Cooperative Financial Holding Company, Ltd. | 12,000 | 6,748 |
Taiwan High Speed Rail Corp. | 2,000 | 1,984 |
Taiwan Mobile Company, Ltd. | 2,000 | 7,142 |
Taiwan Semiconductor Manufacturing Company, Ltd. | 16,000 | 120,997 |
Uni-President Enterprises Corp. | 6,000 | 14,523 |
United Microelectronics Corp. | 28,000 | 10,678 |
Vanguard International Semiconductor Corp. | 2,000 | 3,684 |
Winbond Electronics Corp. | 2,000 | 866 |
Yuanta Financial Holdings Company, Ltd. | 18,000 | 8,726 |
Thailand - 3.3% | 152,507 | |
Advanced Info Service PCL | 1,400 | 8,278 |
Airports of Thailand PCL | 3,000 | 5,792 |
Bangkok Bank PCL | 600 | 3,747 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 43 |
Shares or Principal Amount | Value | |
Thailand (continued) | ||
Bangkok Dusit Medical Services PCL | 2,600 | $1,922 |
Bangkok Expressway & Metro PCL | 8,800 | 2,256 |
Bank of Ayudhya PCL | 600 | 729 |
Banpu PCL | 2,200 | 1,155 |
Berli Jucker PCL | 1,000 | 1,682 |
BTS Group Holdings PCL | 6,000 | 1,656 |
Bumrungrad Hospital PCL | 400 | 2,329 |
Central Pattana PCL | 1,200 | 2,860 |
Charoen Pokphand Foods PCL | 5,800 | 4,418 |
CP ALL PCL | 5,600 | 11,360 |
Delta Electronics Thailand PCL | 400 | 833 |
Electricity Generating PCL | 400 | 2,787 |
Energy Absolute PCL | 2,000 | 2,986 |
Global Power Synergy PCL | 200 | 348 |
Glow Energy PCL | 800 | 2,021 |
Gulf Energy Development PCL | 200 | 471 |
Home Product Center PCL | 5,400 | 2,427 |
Indorama Ventures PCL | 2,600 | 4,255 |
Intouch Holdings PCL | 1,000 | 1,599 |
IRPC PCL | 18,400 | 3,386 |
Kasikornbank PCL | 1,400 | 8,425 |
Krung Thai Bank PCL | 4,400 | 2,668 |
Land & Houses PCL | 3,600 | 1,119 |
Minor International PCL | 2,000 | 2,202 |
PTT Exploration & Production PCL | 2,600 | 10,941 |
PTT Global Chemical PCL | 2,200 | 5,127 |
PTT PCL | 16,400 | 25,231 |
Ratchaburi Electricity Generating Holding PCL | 400 | 591 |
Thai Beverage PCL | 5,800 | 2,618 |
Thai Oil PCL | 1,800 | 4,602 |
Thai Union Group PCL | 2,400 | 1,202 |
The Siam Cement PCL | 400 | 5,044 |
The Siam Commercial Bank PCL | 1,600 | 6,637 |
TMB Bank PCL | 32,000 | 2,201 |
Total Access Communication PCL | 1,200 | 1,719 |
True Corp PCL | 16,200 | 2,883 |
Turkey - 0.6% | 27,606 | |
Akbank TAS | 2,504 | 2,954 |
Aselsan Elektronik Sanayi Ve Ticaret AS | 118 | 532 |
BIM Birlesik Magazalar AS | 294 | 4,166 |
Enka Insaat ve Sanayi AS | 1,024 | 853 |
Eregli Demir ve Celik Fabrikalari TAS | 1,466 | 2,370 |
Ford Otomotiv Sanayi AS | 92 | 985 |
KOC Holding AS | 798 | 2,219 |
Tupras Turkiye Petrol Rafinerileri AS | 102 | 2,397 |
Turk Hava Yollari AO (A) | 1,298 | 3,255 |
Turkcell Iletisim Hizmetleri AS | 1,032 | 2,090 |
Turkiye Garanti Bankasi AS | 2,562 | 3,196 |
Turkiye Is Bankasi AS, Class C | 1,806 | 1,286 |
Turkiye Sise ve Cam Fabrikalari AS | 842 | 711 |
Shares or Principal Amount | Value | |
Turkey (continued) | ||
Yapi ve Kredi Bankasi AS (A) | 2,048 | $592 |
United Kingdom - 0.1% | 3,680 | |
Mondi, Ltd. | 154 | 3,680 |
PREFERRED SECURITIES - 2.5% | $114,167 | |
(Cost $94,026) | ||
Brazil - 2.4% | 110,113 | |
Banco Bradesco SA | 2,800 | 25,855 |
Braskem SA, A Shares | 200 | 2,808 |
Centrais Eletricas Brasileiras SA, B Shares (A) | 200 | 1,432 |
Cia Brasileira de Distribuicao | 200 | 4,212 |
Gerdau SA | 1,000 | 4,377 |
Itau Unibanco Holding SA | 2,200 | 29,169 |
Lojas Americanas SA | 800 | 4,049 |
Petroleo Brasileiro SA | 4,200 | 31,230 |
Telefonica Brasil SA | 600 | 6,981 |
Chile - 0.1% | 4,054 | |
Embotelladora Andina SA, B Shares | 194 | 683 |
Sociedad Quimica y Minera de Chile SA, B Shares | 78 | 3,371 |
RIGHTS - 0.0% | $15 | |
(Cost $0) | ||
Banco de Credito e Inversiones SA (Expiration Date: 11-29-18; Strike Price: CLP 41,500.00) (A) | 4 | 12 |
SACI Falabella (Expiration Date: 11-17-18; Strike Price: CLP 5,250.00) (A) | 34 | 3 |
SHORT-TERM INVESTMENTS - 0.4% | $18,693 | |
(Cost $18,693) | ||
Money market funds - 0.4% | 18,693 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 18,693 | 18,693 |
Total investments (Multifactor Emerging Markets ETF) (Cost $5,026,814) - 99.8% | $4,582,760 | |
Other assets and liabilities, net - 0.2% | 11,148 | |
Total net assets - 100.0% | $4,593,908 |
Currency Abbreviations | |
CLP | Chilean Peso |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
(A) | Non-income producing security. |
(B) | 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. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
44 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $29,902,599 | |
(Cost $32,309,488) | ||
Energy – 98.2% | 29,401,902 | |
Energy equipment and services – 11.3% | ||
Baker Hughes, a GE Company | 5,544 | 147,969 |
Core Laboratories NV (A) | 2,163 | 184,374 |
Halliburton Company | 20,730 | 718,916 |
Helmerich & Payne, Inc. | 4,899 | 305,159 |
National Oilwell Varco, Inc. | 17,791 | 654,709 |
Schlumberger, Ltd. | 11,868 | 608,947 |
TechnipFMC PLC | 20,588 | 541,465 |
Transocean, Ltd. (A)(B) | 19,945 | 219,594 |
Oil, gas and consumable fuels – 86.9% | ||
Anadarko Petroleum Corp. | 12,100 | 643,720 |
Antero Resources Corp. (A)(B) | 11,162 | 177,364 |
Apache Corp. | 24,226 | 916,470 |
Cabot Oil & Gas Corp. | 12,509 | 303,093 |
Centennial Resource Development, Inc., Class A (A)(B) | 6,405 | 122,720 |
Cheniere Energy, Inc. (B) | 8,140 | 491,737 |
Chevron Corp. | 17,323 | 1,934,113 |
Cimarex Energy Company | 3,867 | 307,310 |
Concho Resources, Inc. (B) | 9,251 | 1,286,722 |
ConocoPhillips | 21,032 | 1,470,137 |
Continental Resources, Inc. (B) | 4,430 | 233,372 |
Delek US Holdings, Inc. | 3,238 | 118,899 |
Devon Energy Corp. | 24,554 | 795,550 |
Diamondback Energy, Inc. | 5,549 | 623,486 |
Energen Corp. (B) | 5,375 | 386,839 |
EOG Resources, Inc. | 8,897 | 937,210 |
EQT Corp. | 14,337 | 487,028 |
Exxon Mobil Corp. | 23,089 | 1,839,732 |
Hess Corp. | 10,000 | 574,000 |
HollyFrontier Corp. | 11,059 | 745,819 |
Kinder Morgan, Inc. | 46,543 | 792,162 |
Marathon Oil Corp. | 54,885 | 1,042,266 |
Marathon Petroleum Corp. | 25,811 | 1,818,385 |
Murphy Oil Corp. | 12,185 | 388,214 |
Newfield Exploration Company (B) | 8,110 | 163,822 |
Noble Energy, Inc. | 34,949 | 868,483 |
Oasis Petroleum, Inc. (B) | 12,305 | 123,788 |
Occidental Petroleum Corp. | 10,662 | 715,100 |
ONEOK, Inc. | 16,567 | 1,086,795 |
Parsley Energy, Inc., Class A (B) | 10,150 | 237,713 |
PBF Energy, Inc., Class A | 7,237 | 302,868 |
Phillips 66 | 6,639 | 682,622 |
Pioneer Natural Resources Company | 6,183 | 910,570 |
Tallgrass Energy LP | 2,010 | 43,738 |
Targa Resources Corp. | 8,543 | 441,417 |
The Williams Companies, Inc. | 19,384 | 471,613 |
Valero Energy Corp. | 12,251 | 1,115,944 |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Oil, gas and consumable fuels (continued) | ||
Whiting Petroleum Corp. (B) | 4,140 | $154,422 |
WPX Energy, Inc. (B) | 16,554 | 265,526 |
Information technology – 0.6% | 161,682 | |
Semiconductors and semiconductor equipment – 0.6% | ||
First Solar, Inc. (B) | 3,868 | 161,682 |
Utilities – 1.1% | 339,015 | |
Electric utilities – 1.1% | ||
OGE Energy Corp. | 9,378 | 339,015 |
SECURITIES LENDING COLLATERAL – 1.0% | $308,065 | |
(Cost $308,119) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 30,796 | 308,065 |
SHORT-TERM INVESTMENTS – 0.3% | $93,454 | |
(Cost $93,454) | ||
Money market funds – 0.3% | 93,454 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 93,454 | 93,454 |
Total investments (Multifactor Energy ETF) (Cost $32,711,061) 101.2% | $30,304,118 | |
Other assets and liabilities, net (1.2%) | (371,840) | |
Total net assets 100.0% | $29,932,278 |
Security Abbreviations and Legend | |
(A) | All or a portion of this security is on loan as of 10-31-18. |
(B) | Non-income producing security. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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% | $55,384,961 | |
(Cost $54,337,329) | ||
Communication services – 0.8% | 436,815 | |
Interactive media and services – 0.2% | ||
Zillow Group, Inc., Class A (A) | 739 | 29,833 |
Zillow Group, Inc., Class C (A) | 1,952 | 78,588 |
Media – 0.6% | ||
GCI Liberty, Inc., Class A (A) | 2,102 | 99,488 |
Liberty Broadband Corp., Series A (A) | 455 | 37,669 |
Liberty Broadband Corp., Series C (A) | 2,306 | 191,237 |
Financials – 90.1% | 49,943,426 | |
Banks – 33.6% | ||
Associated Banc-Corp | 2,394 | 55,493 |
Bank of America Corp. | 76,947 | 2,116,043 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 45 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
Bank OZK | 2,595 | $70,999 |
BankUnited, Inc. | 2,939 | 97,281 |
BB&T Corp. | 10,703 | 526,159 |
BOK Financial Corp. | 606 | 51,952 |
Chemical Financial Corp. | 1,323 | 61,996 |
CIT Group, Inc. | 4,551 | 215,626 |
Citigroup, Inc. | 26,466 | 1,732,464 |
Citizens Financial Group, Inc. | 15,164 | 566,375 |
Comerica, Inc. | 4,392 | 358,212 |
Commerce Bancshares, Inc. | 3,236 | 205,810 |
Cullen/Frost Bankers, Inc. | 1,611 | 157,749 |
East West Bancorp, Inc. | 4,081 | 214,008 |
Fifth Third Bancorp | 25,831 | 697,179 |
First Citizens BancShares, Inc., Class A | 249 | 106,231 |
First Hawaiian, Inc. | 1,127 | 27,927 |
First Horizon National Corp. | 7,059 | 113,932 |
First Republic Bank | 3,657 | 332,750 |
FNB Corp. | 6,978 | 82,550 |
Hancock Whitney Corp. | 2,192 | 91,976 |
Home BancShares, Inc. | 2,477 | 47,162 |
Huntington Bancshares, Inc. | 29,693 | 425,501 |
IBERIABANK Corp. | 1,327 | 98,848 |
JPMorgan Chase & Co. | 21,064 | 2,296,397 |
KeyCorp | 28,735 | 521,828 |
M&T Bank Corp. | 3,352 | 554,454 |
PacWest Bancorp | 3,237 | 131,487 |
People's United Financial, Inc. | 9,172 | 143,634 |
Pinnacle Financial Partners, Inc. | 1,250 | 65,375 |
Popular, Inc. | 2,638 | 137,202 |
Prosperity Bancshares, Inc. | 2,089 | 135,848 |
Regions Financial Corp. | 34,750 | 589,708 |
Signature Bank | 1,449 | 159,245 |
Sterling Bancorp | 2,779 | 49,966 |
SunTrust Banks, Inc. | 7,440 | 466,190 |
SVB Financial Group (A) | 1,451 | 344,221 |
Synovus Financial Corp. | 3,253 | 122,183 |
TCF Financial Corp. | 2,215 | 46,249 |
Texas Capital Bancshares, Inc. (A) | 1,196 | 78,015 |
The PNC Financial Services Group, Inc. | 4,230 | 543,513 |
U.S. Bancorp | 13,797 | 721,169 |
Umpqua Holdings Corp. | 5,786 | 111,091 |
United Bankshares, Inc. | 1,016 | 33,701 |
Valley National Bancorp | 5,243 | 52,325 |
Webster Financial Corp. | 2,566 | 150,983 |
Wells Fargo & Company | 41,064 | 2,185,837 |
Western Alliance Bancorp (A) | 3,125 | 150,750 |
Wintrust Financial Corp. | 1,316 | 100,200 |
Zions Bancorp NA | 5,771 | 271,526 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets – 21.0% | ||
Affiliated Managers Group, Inc. | 1,486 | $168,899 |
Ameriprise Financial, Inc. | 4,352 | 553,748 |
Ares Management LP | 979 | 19,198 |
BGC Partners, Inc., Class A | 5,316 | 56,296 |
BlackRock, Inc. | 972 | 399,900 |
Cboe Global Markets, Inc. | 2,177 | 245,674 |
CME Group, Inc. | 3,489 | 639,324 |
E*TRADE Financial Corp. | 7,571 | 374,159 |
Eaton Vance Corp. | 3,701 | 166,730 |
Evercore, Inc., Class A | 966 | 78,913 |
FactSet Research Systems, Inc. | 1,275 | 285,294 |
Franklin Resources, Inc. | 9,102 | 277,611 |
Interactive Brokers Group, Inc., Class A | 1,646 | 81,329 |
Intercontinental Exchange, Inc. | 7,077 | 545,212 |
Invesco, Ltd. | 12,572 | 272,938 |
Janus Henderson Group PLC | 4,078 | 100,196 |
Lazard, Ltd., Class A | 3,136 | 124,625 |
LPL Financial Holdings, Inc. | 2,100 | 129,360 |
MarketAxess Holdings, Inc. | 1,021 | 214,073 |
Moody's Corp. | 2,194 | 319,183 |
Morgan Stanley | 15,246 | 696,132 |
Morningstar, Inc. | 636 | 79,373 |
MSCI, Inc. | 2,676 | 402,417 |
Nasdaq, Inc. | 3,065 | 265,766 |
Northern Trust Corp. | 6,083 | 572,228 |
Raymond James Financial, Inc. | 3,675 | 281,836 |
S&P Global, Inc. | 3,606 | 657,446 |
SEI Investments Company | 4,205 | 224,757 |
State Street Corp. | 4,408 | 303,050 |
Stifel Financial Corp. | 1,405 | 64,237 |
T. Rowe Price Group, Inc. | 6,395 | 620,251 |
TD Ameritrade Holding Corp. | 4,363 | 225,654 |
The Bank of New York Mellon Corp. | 15,859 | 750,606 |
The Charles Schwab Corp. | 10,947 | 506,189 |
The Goldman Sachs Group, Inc. | 4,119 | 928,299 |
Virtu Financial, Inc., Class A | 557 | 13,212 |
Consumer finance – 7.2% | ||
Ally Financial, Inc. | 20,047 | 509,394 |
American Express Company | 6,995 | 718,596 |
Capital One Financial Corp. | 10,066 | 898,894 |
Credit Acceptance Corp. (A) | 251 | 106,529 |
Discover Financial Services | 10,730 | 747,559 |
Green Dot Corp., Class A (A) | 551 | 41,733 |
OneMain Holdings, Inc. (A) | 2,932 | 83,621 |
Santander Consumer USA Holdings, Inc. | 5,862 | 109,913 |
SLM Corp. (A) | 10,900 | 110,526 |
Synchrony Financial | 23,010 | 664,529 |
Diversified financial services – 5.1% | ||
AXA Equitable Holdings, Inc. | 2,189 | 44,415 |
46 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Diversified financial services (continued) | ||
Berkshire Hathaway, Inc., Class B (A) | 11,613 | $2,383,917 |
Jefferies Financial Group, Inc. | 8,041 | 172,640 |
Voya Financial, Inc. | 5,400 | 236,304 |
Insurance – 22.3% | ||
Aflac, Inc. | 12,334 | 531,225 |
Alleghany Corp. | 413 | 248,081 |
American Financial Group, Inc. | 2,157 | 215,765 |
American International Group, Inc. | 8,698 | 359,140 |
Aon PLC | 3,555 | 555,220 |
Arch Capital Group, Ltd. (A) | 8,490 | 240,861 |
Arthur J. Gallagher & Company | 4,703 | 348,069 |
Assurant, Inc. | 2,059 | 200,155 |
Assured Guaranty, Ltd. | 4,910 | 196,302 |
Athene Holding, Ltd., Class A (A) | 1,832 | 83,759 |
Axis Capital Holdings, Ltd. | 2,755 | 153,701 |
Brighthouse Financial, Inc. (A) | 2,030 | 80,449 |
Brown & Brown, Inc. | 7,290 | 205,432 |
Chubb, Ltd. | 3,417 | 426,823 |
Cincinnati Financial Corp. | 3,577 | 281,295 |
CNA Financial Corp. | 915 | 39,684 |
Enstar Group, Ltd. (A) | 274 | 49,758 |
Erie Indemnity Company, Class A | 776 | 100,639 |
Everest Re Group, Ltd. | 1,210 | 263,611 |
Fidelity National Financial, Inc. | 7,736 | 258,769 |
First American Financial Corp. | 3,086 | 136,802 |
Kemper Corp. | 577 | 43,385 |
Lincoln National Corp. | 6,361 | 382,869 |
Loews Corp. | 8,147 | 379,324 |
Markel Corp. (A) | 260 | 284,242 |
Marsh & McLennan Companies, Inc. | 6,953 | 589,267 |
MetLife, Inc. | 9,801 | 403,703 |
Old Republic International Corp. | 8,260 | 182,133 |
Primerica, Inc. | 1,222 | 134,102 |
Principal Financial Group, Inc. | 7,719 | 363,333 |
Prudential Financial, Inc. | 6,046 | 566,994 |
Reinsurance Group of America, Inc. | 2,184 | 310,936 |
RenaissanceRe Holdings, Ltd. | 1,167 | 142,561 |
The Allstate Corp. | 5,470 | 523,588 |
The Hanover Insurance Group, Inc. | 1,250 | 139,225 |
The Hartford Financial Services Group, Inc. | 12,359 | 561,346 |
The Progressive Corp. | 8,001 | 557,670 |
The Travelers Companies, Inc. | 5,395 | 675,076 |
Torchmark Corp. | 2,940 | 248,900 |
Unum Group | 7,973 | 289,101 |
W.R. Berkley Corp. | 3,068 | 232,861 |
Willis Towers Watson PLC | 2,640 | 377,942 |
Thrifts and mortgage finance – 0.9% | ||
Essent Group, Ltd. (A) | 2,244 | 88,458 |
MGIC Investment Corp. (A) | 12,629 | 154,200 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Thrifts and mortgage finance (continued) | ||
New York Community Bancorp, Inc. (B) | 11,967 | $114,644 |
Radian Group, Inc. | 5,979 | 114,737 |
TFS Financial Corp. | 1,175 | 17,284 |
Health care – 0.1% | 52,142 | |
Health care providers and services – 0.1% | ||
HealthEquity, Inc. (A) | 568 | 52,142 |
Industrials – 1.3% | 718,211 | |
Professional services – 1.3% | ||
Equifax, Inc. | 3,274 | 332,115 |
IHS Markit, Ltd. (A) | 7,350 | 386,096 |
Information technology – 7.6% | 4,234,367 | |
IT services – 7.6% | ||
Black Knight, Inc. (A) | 2,986 | 145,627 |
Mastercard, Inc., Class A | 8,385 | 1,657,463 |
The Western Union Company | 12,357 | 222,920 |
Visa, Inc., Class A | 16,020 | 2,208,357 |
SECURITIES LENDING COLLATERAL – 0.3% | $171,725 | |
(Cost $171,736) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 17,167 | 171,725 |
SHORT-TERM INVESTMENTS – 0.3% | $133,451 | |
(Cost $133,451) | ||
Money market funds – 0.3% | 133,451 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 133,451 | 133,451 |
Total investments (Multifactor Financials ETF) (Cost $54,642,516) 100.5% | $55,690,137 | |
Other assets and liabilities, net (0.5%) | (259,289) | |
Total net assets 100.0% | $55,430,848 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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% | $58,143,766 | |
(Cost $54,302,702) | ||
Health care – 100.0% | 58,143,766 | |
Biotechnology – 16.2% | ||
AbbVie, Inc. | 13,600 | 1,058,760 |
Agios Pharmaceuticals, Inc. (A) | 1,252 | 78,951 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 47 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Biotechnology (continued) | ||
Alexion Pharmaceuticals, Inc. (A) | 7,088 | $794,352 |
Alkermes PLC (A) | 3,489 | 142,456 |
Alnylam Pharmaceuticals, Inc. (A) | 1,980 | 159,251 |
Amgen, Inc. | 7,434 | 1,433,201 |
Biogen, Inc. (A) | 2,835 | 862,605 |
BioMarin Pharmaceutical, Inc. (A) | 3,868 | 356,514 |
Bluebird Bio, Inc. (A) | 1,176 | 134,887 |
Celgene Corp. (A) | 8,390 | 600,724 |
Exact Sciences Corp. (A) | 2,247 | 159,649 |
Exelixis, Inc. (A) | 9,497 | 131,723 |
FibroGen, Inc. (A) | 1,435 | 61,518 |
Gilead Sciences, Inc. | 20,436 | 1,393,326 |
Immunomedics, Inc. (A) | 1,938 | 43,663 |
Incyte Corp. (A) | 2,121 | 137,483 |
Ionis Pharmaceuticals, Inc. (A) | 2,337 | 115,798 |
Ligand Pharmaceuticals, Inc. (A) | 376 | 61,969 |
Loxo Oncology, Inc. (A) | 338 | 51,599 |
Neurocrine Biosciences, Inc. (A) | 1,662 | 178,083 |
Regeneron Pharmaceuticals, Inc. (A) | 798 | 270,714 |
Sage Therapeutics, Inc. (A) | 978 | 125,849 |
Sarepta Therapeutics, Inc. (A) | 1,254 | 167,735 |
Seattle Genetics, Inc. (A) | 2,168 | 121,690 |
Ultragenyx Pharmaceutical, Inc. (A) | 847 | 41,037 |
United Therapeutics Corp. (A) | 2,291 | 253,980 |
Vertex Pharmaceuticals, Inc. (A) | 2,681 | 454,322 |
Health care equipment and supplies – 23.1% | ||
Abbott Laboratories | 18,805 | 1,296,417 |
ABIOMED, Inc. (A) | 945 | 322,434 |
Align Technology, Inc. (A) | 2,190 | 484,428 |
Baxter International, Inc. | 8,844 | 552,838 |
Becton, Dickinson and Company | 2,855 | 658,078 |
Boston Scientific Corp. (A) | 23,042 | 832,738 |
Cantel Medical Corp. | 1,075 | 85,086 |
DENTSPLY SIRONA, Inc. | 7,878 | 272,815 |
DexCom, Inc. (A) | 1,618 | 214,822 |
Edwards Lifesciences Corp. (A) | 6,269 | 925,304 |
Globus Medical, Inc., Class A (A) | 2,251 | 118,965 |
Haemonetics Corp. (A) | 920 | 96,112 |
Hill-Rom Holdings, Inc. | 2,975 | 250,138 |
Hologic, Inc. (A) | 12,722 | 496,031 |
ICU Medical, Inc. (A) | 415 | 105,713 |
IDEXX Laboratories, Inc. (A) | 2,466 | 523,088 |
Inogen, Inc. (A) | 267 | 50,615 |
Insulet Corp. (A) | 1,066 | 94,032 |
Integra LifeSciences Holdings Corp. (A) | 2,080 | 111,426 |
Intuitive Surgical, Inc. (A) | 947 | 493,557 |
LivaNova PLC (A) | 1,537 | 172,129 |
Masimo Corp. (A) | 1,449 | 167,504 |
Medtronic PLC | 15,499 | 1,392,120 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
Neogen Corp. (A) | 770 | $46,754 |
Penumbra, Inc. (A) | 456 | 62,016 |
ResMed, Inc. | 4,486 | 475,157 |
STERIS PLC | 2,883 | 315,143 |
Stryker Corp. | 3,933 | 638,011 |
Teleflex, Inc. | 1,426 | 343,295 |
The Cooper Companies, Inc. | 1,682 | 434,477 |
Varian Medical Systems, Inc. (A) | 3,266 | 389,862 |
West Pharmaceutical Services, Inc. | 2,325 | 246,264 |
Zimmer Biomet Holdings, Inc. | 6,825 | 775,252 |
Health care providers and services – 29.2% | ||
Aetna, Inc. | 4,954 | 982,874 |
AmerisourceBergen Corp. | 6,561 | 577,368 |
Anthem, Inc. | 3,666 | 1,010,240 |
Cardinal Health, Inc. | 13,410 | 678,546 |
Centene Corp. (A) | 7,003 | 912,631 |
Chemed Corp. | 518 | 157,643 |
Cigna Corp. | 4,723 | 1,009,825 |
CVS Health Corp. | 10,858 | 786,011 |
DaVita, Inc. (A) | 6,177 | 415,959 |
Encompass Health Corp. | 4,670 | 314,291 |
Express Scripts Holding Company (A) | 15,549 | 1,507,787 |
HCA Healthcare, Inc. | 4,015 | 536,123 |
Henry Schein, Inc. (A) | 5,791 | 480,653 |
Humana, Inc. | 2,936 | 940,724 |
Laboratory Corp. of America Holdings (A) | 4,393 | 705,296 |
McKesson Corp. | 4,866 | 607,082 |
MEDNAX, Inc. (A) | 3,763 | 155,374 |
Molina Healthcare, Inc. (A) | 1,472 | 186,605 |
Quest Diagnostics, Inc. | 5,973 | 562,119 |
UnitedHealth Group, Inc. | 13,007 | 3,399,379 |
Universal Health Services, Inc., Class B | 4,453 | 541,307 |
WellCare Health Plans, Inc. (A) | 1,824 | 503,406 |
Health care technology – 0.1% | ||
Teladoc Health, Inc. (A) | 1,114 | 77,245 |
Life sciences tools and services – 6.7% | ||
Bio-Rad Laboratories, Inc., Class A (A) | 751 | 204,910 |
Bio-Techne Corp. | 1,179 | 197,742 |
Bruker Corp. | 3,923 | 122,908 |
Charles River Laboratories International, Inc. (A) | 1,985 | 241,813 |
Illumina, Inc. (A) | 1,886 | 586,829 |
IQVIA Holdings, Inc. (A) | 5,569 | 684,597 |
PRA Health Sciences, Inc. (A) | 1,746 | 169,135 |
Syneos Health, Inc. (A) | 2,416 | 110,242 |
Thermo Fisher Scientific, Inc. | 4,638 | 1,083,669 |
Waters Corp. (A) | 2,651 | 502,868 |
Pharmaceuticals – 24.7% | ||
Allergan PLC | 3,957 | 625,246 |
Amneal Pharmaceuticals, Inc. (A) | 1,555 | 28,690 |
48 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Pharmaceuticals (continued) | ||
Bristol-Myers Squibb Company | 16,599 | $838,913 |
Catalent, Inc. (A) | 4,746 | 191,454 |
Eli Lilly & Company | 8,856 | 960,345 |
Jazz Pharmaceuticals PLC (A) | 2,487 | 394,985 |
Johnson & Johnson | 27,218 | 3,810,248 |
Merck & Company, Inc. | 31,418 | 2,312,679 |
Mylan NV (A) | 20,139 | 629,344 |
Nektar Therapeutics (A) | 6,042 | 233,705 |
Perrigo Company PLC | 4,230 | 297,369 |
Pfizer, Inc. | 75,589 | 3,254,862 |
Zoetis, Inc. | 8,633 | 778,265 |
SHORT-TERM INVESTMENTS – 0.2% | $112,535 | |
(Cost $112,535) | ||
Money market funds – 0.2% | 112,535 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (B) | 112,535 | 112,535 |
Total investments (Multifactor Healthcare ETF) (Cost $54,415,237) 100.2% | $58,256,301 | |
Other assets and liabilities, net (0.2%) | (88,872) | |
Total net assets 100.0% | $58,167,429 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 10-31-18. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 100.0% | $23,466,906 | |
(Cost $23,377,790) | ||
Consumer discretionary – 0.0% | 3,899 | |
Auto components – 0.0% | ||
Garrett Motion, Inc. (A) | 257 | 3,899 |
Health care – 3.0% | 691,081 | |
Health care equipment and supplies – 1.0% | ||
Danaher Corp. | 2,196 | 218,282 |
Life sciences tools and services – 2.0% | ||
Agilent Technologies, Inc. | 2,948 | 191,001 |
Mettler-Toledo International, Inc. (A) | 305 | 166,780 |
PerkinElmer, Inc. | 1,330 | 115,018 |
Industrials – 71.5% | 16,784,643 | |
Aerospace and defense – 13.2% | ||
BWX Technologies, Inc. | 964 | 56,355 |
Curtiss-Wright Corp. | 460 | 50,352 |
General Dynamics Corp. | 964 | 166,367 |
HEICO Corp. (B) | 366 | 30,682 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Aerospace and defense (continued) | ||
HEICO Corp., Class A | 673 | $44,862 |
Hexcel Corp. | 1,077 | 63,026 |
Huntington Ingalls Industries, Inc. | 557 | 121,693 |
L3 Technologies, Inc. | 865 | 163,892 |
Lockheed Martin Corp. | 834 | 245,071 |
Northrop Grumman Corp. | 750 | 196,463 |
Raytheon Company | 1,405 | 245,931 |
Rockwell Collins, Inc. | 1,792 | 229,412 |
Spirit AeroSystems Holdings, Inc., Class A | 1,601 | 134,500 |
Teledyne Technologies, Inc. (A) | 386 | 85,414 |
Textron, Inc. | 3,208 | 172,045 |
The Boeing Company | 1,587 | 563,163 |
TransDigm Group, Inc. (A) | 455 | 150,264 |
United Technologies Corp. | 3,056 | 379,586 |
Air freight and logistics – 4.0% | ||
C.H. Robinson Worldwide, Inc. | 1,649 | 146,810 |
Expeditors International of Washington, Inc. | 2,019 | 135,636 |
FedEx Corp. | 1,221 | 269,035 |
United Parcel Service, Inc., Class B | 2,482 | 264,432 |
XPO Logistics, Inc. (A) | 1,316 | 117,624 |
Airlines – 5.2% | ||
Alaska Air Group, Inc. (B) | 1,877 | 115,285 |
American Airlines Group, Inc. | 4,080 | 143,126 |
Delta Air Lines, Inc. | 5,584 | 305,612 |
JetBlue Airways Corp. (A) | 4,241 | 70,952 |
Southwest Airlines Company | 4,040 | 198,364 |
United Continental Holdings, Inc. (A) | 4,491 | 384,025 |
Building products – 2.9% | ||
Allegion PLC | 988 | 84,701 |
AO Smith Corp. | 1,463 | 66,610 |
Fortune Brands Home & Security, Inc. | 1,647 | 73,835 |
Johnson Controls International PLC | 4,712 | 150,643 |
Lennox International, Inc. | 417 | 87,941 |
Masco Corp. | 2,609 | 78,270 |
Owens Corning | 1,396 | 65,989 |
Resideo Technologies, Inc. (A) | 435 | 9,150 |
Trex Company, Inc. (A) | 219 | 13,425 |
USG Corp. | 1,059 | 44,711 |
Commercial services and supplies – 4.2% | ||
ADT, Inc. (B) | 1,035 | 8,011 |
Cimpress NV (A)(B) | 156 | 19,498 |
Cintas Corp. | 995 | 180,961 |
Copart, Inc. (A) | 2,489 | 121,737 |
KAR Auction Services, Inc. | 1,717 | 97,766 |
Republic Services, Inc. | 3,016 | 219,203 |
Rollins, Inc. | 1,042 | 61,686 |
Stericycle, Inc. (A) | 798 | 39,876 |
Waste Management, Inc. | 2,735 | 244,700 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 49 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Construction and engineering – 1.5% | ||
AECOM (A) | 1,667 | $48,576 |
EMCOR Group, Inc. | 686 | 48,692 |
Fluor Corp. | 1,846 | 80,966 |
Jacobs Engineering Group, Inc. | 1,378 | 103,474 |
Quanta Services, Inc. (A) | 2,094 | 65,333 |
Electrical equipment – 4.8% | ||
Acuity Brands, Inc. | 429 | 53,900 |
AMETEK, Inc. | 2,511 | 168,438 |
Eaton Corp. PLC | 2,626 | 188,205 |
Emerson Electric Company | 3,735 | 253,532 |
GrafTech International, Ltd. | 189 | 3,379 |
Hubbell, Inc. | 633 | 64,376 |
nVent Electric PLC | 1,971 | 48,132 |
Rockwell Automation, Inc. | 1,460 | 240,506 |
Sensata Technologies Holding PLC (A) | 2,102 | 98,584 |
Industrial conglomerates – 6.0% | ||
3M Company | 2,111 | 401,639 |
Carlisle Companies, Inc. | 854 | 82,488 |
General Electric Company | 27,921 | 282,002 |
Honeywell International, Inc. | 2,608 | 377,691 |
Roper Technologies, Inc. | 958 | 271,018 |
Machinery – 16.4% | ||
AGCO Corp. | 1,007 | 56,432 |
Allison Transmission Holdings, Inc. | 1,744 | 76,876 |
Caterpillar, Inc. | 2,451 | 297,355 |
Colfax Corp. (A) | 823 | 23,069 |
Crane Company | 479 | 41,692 |
Cummins, Inc. | 1,421 | 194,236 |
Deere & Company | 2,059 | 278,871 |
Donaldson Company, Inc. | 1,672 | 85,740 |
Dover Corp. | 2,013 | 166,757 |
Flowserve Corp. | 1,685 | 77,342 |
Fortive Corp. | 2,966 | 220,226 |
Gardner Denver Holdings, Inc. (A) | 715 | 19,348 |
Gates Industrial Corp. PLC (A) | 473 | 7,119 |
Graco, Inc. | 2,103 | 85,445 |
IDEX Corp. | 821 | 104,119 |
Illinois Tool Works, Inc. | 1,648 | 210,235 |
Ingersoll-Rand PLC | 3,050 | 292,617 |
ITT, Inc. | 1,114 | 56,257 |
Lincoln Electric Holdings, Inc. | 748 | 60,521 |
Navistar International Corp. (A) | 156 | 5,224 |
Nordson Corp. | 593 | 72,743 |
Oshkosh Corp. | 824 | 46,259 |
PACCAR, Inc. | 4,771 | 272,949 |
Parker-Hannifin Corp. | 1,566 | 237,453 |
Pentair PLC | 2,076 | 83,351 |
Proto Labs, Inc. (A) | 70 | 8,362 |
Snap-on, Inc. | 662 | 101,908 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Stanley Black & Decker, Inc. | 1,618 | $188,529 |
The Middleby Corp. (A) | 543 | 60,979 |
The Toro Company | 1,133 | 63,822 |
Trinity Industries, Inc. | 1,322 | 37,743 |
WABCO Holdings, Inc. (A) | 628 | 67,479 |
Wabtec Corp. (B) | 1,003 | 82,266 |
Woodward, Inc. | 583 | 42,932 |
Xylem, Inc. | 1,922 | 126,045 |
Marine – 0.1% | ||
Kirby Corp. (A) | 491 | 35,323 |
Professional services – 3.3% | ||
ASGN, Inc. (A) | 313 | 20,996 |
CoStar Group, Inc. (A) | 281 | 101,559 |
Insperity, Inc. | 159 | 17,466 |
ManpowerGroup, Inc. | 957 | 73,010 |
Nielsen Holdings PLC | 3,588 | 93,216 |
Robert Half International, Inc. | 1,455 | 88,071 |
The Dun & Bradstreet Corp. | 417 | 59,331 |
TransUnion | 1,539 | 101,189 |
Verisk Analytics, Inc. (A) | 1,751 | 209,840 |
Road and rail – 6.8% | ||
AMERCO | 101 | 32,974 |
CSX Corp. | 3,510 | 241,699 |
Genesee & Wyoming, Inc., Class A (A) | 629 | 49,836 |
J.B. Hunt Transport Services, Inc. | 1,102 | 121,892 |
Kansas City Southern | 1,302 | 132,752 |
Landstar System, Inc. | 399 | 39,936 |
Norfolk Southern Corp. | 1,925 | 323,073 |
Old Dominion Freight Line, Inc. | 756 | 98,598 |
Ryder System, Inc. | 970 | 53,651 |
Schneider National, Inc., Class B | 653 | 14,281 |
Union Pacific Corp. | 3,394 | 496,271 |
Trading companies and distributors – 3.1% | ||
Air Lease Corp. | 1,240 | 47,244 |
Fastenal Company | 3,229 | 166,003 |
HD Supply Holdings, Inc. (A) | 2,037 | 76,530 |
MSC Industrial Direct Company, Inc., Class A | 589 | 47,744 |
United Rentals, Inc. (A) | 1,301 | 156,211 |
W.W. Grainger, Inc. | 666 | 189,124 |
Watsco, Inc. | 303 | 44,899 |
Information technology – 19.5% | 4,570,326 | |
Electronic equipment, instruments and components – 5.6% | ||
Amphenol Corp., Class A | 3,287 | 294,187 |
Arrow Electronics, Inc. (A) | 1,239 | 83,893 |
Avnet, Inc. | 1,734 | 69,481 |
Cognex Corp. | 1,242 | 53,207 |
Coherent, Inc. (A) | 187 | 23,027 |
Flex, Ltd. (A) | 8,048 | 63,257 |
50 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Electronic equipment, instruments andcomponents (continued) | ||
FLIR Systems, Inc. | 1,529 | $70,808 |
IPG Photonics Corp. (A)(B) | 346 | 46,208 |
Jabil, Inc. | 2,755 | 68,131 |
Keysight Technologies, Inc. (A) | 1,775 | 101,317 |
Littelfuse, Inc. | 206 | 37,319 |
National Instruments Corp. | 1,043 | 51,076 |
TE Connectivity, Ltd. | 2,238 | 168,793 |
Trimble, Inc. (A) | 2,367 | 88,478 |
Zebra Technologies Corp., Class A (A) | 560 | 93,128 |
IT services – 13.5% | ||
Accenture PLC, Class A | 2,267 | 357,325 |
Alliance Data Systems Corp. | 658 | 135,666 |
Automatic Data Processing, Inc. | 1,742 | 250,987 |
Booz Allen Hamilton Holding Corp. | 1,707 | 84,565 |
Broadridge Financial Solutions, Inc. | 1,437 | 168,043 |
Conduent, Inc. (A) | 1,190 | 22,729 |
CoreLogic, Inc. (A) | 865 | 35,136 |
Euronet Worldwide, Inc. (A) | 477 | 53,033 |
Fidelity National Information Services, Inc. | 2,110 | 219,651 |
First Data Corp., Class A (A) | 4,349 | 81,500 |
Fiserv, Inc. (A) | 2,487 | 197,219 |
FleetCor Technologies, Inc. (A) | 922 | 184,428 |
Genpact, Ltd. | 1,946 | 53,340 |
Global Payments, Inc. | 1,501 | 171,459 |
Jack Henry & Associates, Inc. | 935 | 140,091 |
MAXIMUS, Inc. | 785 | 51,001 |
Paychex, Inc. | 3,356 | 219,784 |
PayPal Holdings, Inc. (A) | 2,944 | 247,855 |
Total System Services, Inc. | 1,902 | 173,367 |
WEX, Inc. (A) | 367 | 64,577 |
Worldpay, Inc., Class A (A) | 2,643 | 242,733 |
Semiconductors and semiconductor equipment – 0.1% | ||
Universal Display Corp. (B) | 227 | 27,923 |
Software – 0.0% | ||
Pluralsight, Inc., Class A (A) | 32 | 717 |
Technology hardware, storage and peripherals – 0.3% | ||
Xerox Corp. | 2,687 | 74,887 |
Materials – 5.8% | 1,361,945 | |
Chemicals – 0.8% | ||
The Sherwin-Williams Company | 456 | 179,422 |
Construction materials – 1.2% | ||
Eagle Materials, Inc. | 470 | 34,705 |
Martin Marietta Materials, Inc. | 684 | 117,156 |
Vulcan Materials Company | 1,401 | 141,697 |
Containers and packaging – 3.7% | ||
AptarGroup, Inc. | 811 | 82,690 |
Ball Corp. | 3,593 | 160,966 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Containers and packaging (continued) | ||
Bemis Company, Inc. | 1,298 | $59,409 |
Berry Global Group, Inc. (A) | 1,558 | 67,960 |
Crown Holdings, Inc. (A) | 1,441 | 60,940 |
Graphic Packaging Holding Company | 4,844 | 53,332 |
Packaging Corp. of America | 1,337 | 122,750 |
Sealed Air Corp. | 1,967 | 63,652 |
Sonoco Products Company | 1,451 | 79,196 |
WestRock Company | 2,626 | 112,839 |
Paper and forest products – 0.1% | ||
Louisiana-Pacific Corp. | 1,159 | 25,231 |
Utilities – 0.2% | 55,012 | |
Multi-utilities – 0.2% | ||
MDU Resources Group, Inc. | 2,204 | 55,012 |
SECURITIES LENDING COLLATERAL – 1.2% | $292,027 | |
(Cost $292,053) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 29,193 | 292,027 |
SHORT-TERM INVESTMENTS – 0.4% | $89,205 | |
(Cost $89,205) | ||
Money market funds – 0.4% | 89,205 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 89,205 | 89,205 |
Total investments (Multifactor Industrials ETF) (Cost $23,759,048) 101.6% | $23,848,138 | |
Other assets and liabilities, net (1.6%) | (369,403) | |
Total net assets 100.0% | $23,478,735 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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% | $739,945,531 | |
(Cost $703,527,287) | ||
Communication services – 7.1% | 52,640,941 | |
Diversified telecommunication services – 1.3% | ||
AT&T, Inc. | 140,233 | 4,302,348 |
CenturyLink, Inc. | 51,958 | 1,072,413 |
Verizon Communications, Inc. | 76,675 | 4,377,376 |
Zayo Group Holdings, Inc. (A) | 8,241 | 246,241 |
Entertainment – 1.5% | ||
Activision Blizzard, Inc. | 22,755 | 1,571,233 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 51 |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Entertainment (continued) | ||
Electronic Arts, Inc. (A) | 9,178 | $835,014 |
Liberty Media Corp.-Liberty Formula One, Series A (A) | 684 | 21,676 |
Liberty Media Corp.-Liberty Formula One, Series C (A) | 6,635 | 219,486 |
Live Nation Entertainment, Inc. (A) | 6,898 | 360,765 |
Netflix, Inc. (A) | 5,990 | 1,807,662 |
Take-Two Interactive Software, Inc. (A) | 3,409 | 439,318 |
The Madison Square Garden Company, Class A (A) | 404 | 111,754 |
The Walt Disney Company | 29,784 | 3,420,097 |
Twenty-First Century Fox, Inc., Class A | 22,984 | 1,046,232 |
Twenty-First Century Fox, Inc., Class B | 13,149 | 594,072 |
Viacom, Inc., Class A | 244 | 8,630 |
Viacom, Inc., Class B | 23,026 | 736,371 |
World Wrestling Entertainment, Inc., Class A | 218 | 15,825 |
Interactive media and services – 2.6% | ||
Alphabet, Inc., Class A (A) | 9,068 | 9,889,379 |
Alphabet, Inc., Class C (A) | 1,495 | 1,609,771 |
ANGI Homeservices, Inc., Class A (A)(B) | 768 | 14,700 |
Facebook, Inc., Class A (A) | 36,543 | 5,546,862 |
InterActiveCorp (A) | 4,217 | 829,020 |
Match Group, Inc. (A)(B) | 1,511 | 78,149 |
Snap, Inc., Class A (A)(B) | 2,301 | 15,210 |
TripAdvisor, Inc. (A)(B) | 4,917 | 256,372 |
Twitter, Inc. (A) | 18,707 | 650,068 |
Zillow Group, Inc., Class A (A) | 938 | 37,867 |
Zillow Group, Inc., Class C (A)(B) | 3,352 | 134,952 |
Media – 1.6% | ||
Altice USA, Inc., Class A | 2,433 | 39,682 |
CBS Corp., Class B | 19,555 | 1,121,479 |
Charter Communications, Inc., Class A (A) | 4,905 | 1,571,415 |
Comcast Corp., Class A | 117,232 | 4,471,228 |
Discovery, Inc., Series A (A) | 16,276 | 527,180 |
Discovery, Inc., Series C (A) | 5,905 | 173,076 |
DISH Network Corp., Class A (A) | 11,043 | 339,462 |
Liberty Broadband Corp., Series A (A) | 721 | 59,692 |
Liberty Broadband Corp., Series C (A) | 4,426 | 367,048 |
Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 7,003 | 288,804 |
News Corp., Class A | 18,942 | 249,845 |
News Corp., Class B | 5,202 | 69,395 |
Omnicom Group, Inc. (B) | 19,452 | 1,445,673 |
Sirius XM Holdings, Inc. (B) | 49,991 | 300,946 |
The Interpublic Group of Companies, Inc. | 28,239 | 654,015 |
Wireless telecommunication services – 0.1% | ||
Sprint Corp. (A) | 21,183 | 129,640 |
T-Mobile US, Inc. (A) | 8,512 | 583,498 |
Shares or Principal Amount | Value | |
Consumer discretionary – 10.7% | $78,963,369 | |
Auto components – 0.5% | ||
Aptiv PLC | 17,822 | 1,368,730 |
Autoliv, Inc. (B) | 5,741 | 478,455 |
BorgWarner, Inc. | 12,935 | 509,768 |
Garrett Motion, Inc. (A) | 1,625 | 24,651 |
Gentex Corp. | 14,304 | 301,099 |
Lear Corp. | 5,257 | 698,655 |
Automobiles – 0.5% | ||
Ford Motor Company | 111,753 | 1,067,241 |
General Motors Company | 35,056 | 1,282,699 |
Harley-Davidson, Inc. | 13,785 | 526,863 |
Tesla, Inc. (A)(B) | 1,895 | 639,221 |
Distributors – 0.2% | ||
Genuine Parts Company | 9,557 | 935,821 |
LKQ Corp. (A) | 15,295 | 417,095 |
Pool Corp. | 954 | 139,046 |
Diversified consumer services – 0.1% | ||
Bright Horizons Family Solutions, Inc. (A) | 1,001 | 115,025 |
frontdoor, Inc. (A) | 3,484 | 118,630 |
H&R Block, Inc. | 1,641 | 43,552 |
Service Corp. International | 10,828 | 449,037 |
ServiceMaster Global Holdings, Inc. (A) | 6,946 | 297,844 |
Hotels, restaurants and leisure – 2.0% | ||
Aramark | 15,067 | 541,207 |
Caesars Entertainment Corp. (A)(B) | 1,496 | 12,851 |
Carnival Corp. | 13,777 | 772,063 |
Chipotle Mexican Grill, Inc. (A) | 1,457 | 670,701 |
Darden Restaurants, Inc. | 7,455 | 794,330 |
Domino's Pizza, Inc. | 1,776 | 477,371 |
Dunkin' Brands Group, Inc. | 793 | 57,540 |
Hilton Worldwide Holdings, Inc. | 10,848 | 772,052 |
Hyatt Hotels Corp., Class A | 1,734 | 119,993 |
Las Vegas Sands Corp. | 12,139 | 619,453 |
Marriott International, Inc., Class A | 9,349 | 1,092,805 |
McDonald's Corp. | 14,498 | 2,564,696 |
MGM Resorts International | 27,809 | 741,944 |
Norwegian Cruise Line Holdings, Ltd. (A) | 6,793 | 299,368 |
Royal Caribbean Cruises, Ltd. | 7,787 | 815,533 |
Starbucks Corp. | 29,531 | 1,720,771 |
Vail Resorts, Inc. | 1,721 | 432,522 |
Wyndham Hotels & Resorts, Inc. | 7,853 | 387,074 |
Wynn Resorts, Ltd. | 4,168 | 419,301 |
Yum! Brands, Inc. | 12,709 | 1,149,021 |
Household durables – 0.6% | ||
D.R. Horton, Inc. | 20,356 | 732,002 |
Garmin, Ltd. | 6,992 | 462,591 |
Leggett & Platt, Inc. | 7,739 | 281,003 |
Lennar Corp., A Shares | 11,008 | 473,124 |
Lennar Corp., B Shares | 715 | 25,576 |
Mohawk Industries, Inc. (A) | 4,048 | 504,907 |
52 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Household durables (continued) | ||
Newell Brands, Inc. | 21,883 | $347,502 |
NVR, Inc. (A) | 285 | 638,124 |
PulteGroup, Inc. | 15,162 | 372,530 |
Roku, Inc. (A) | 229 | 12,732 |
Toll Brothers, Inc. | 8,312 | 279,782 |
Whirlpool Corp. | 5,107 | 560,544 |
Internet and direct marketing retail – 2.1% | ||
Amazon.com, Inc. (A) | 6,802 | 10,869,664 |
Booking Holdings, Inc. (A) | 880 | 1,649,630 |
eBay, Inc. (A) | 40,138 | 1,165,206 |
Expedia Group, Inc. | 6,733 | 844,520 |
GrubHub, Inc. (A) | 1,483 | 137,533 |
Qurate Retail, Inc. (A) | 30,706 | 673,690 |
Wayfair, Inc., Class A (A) | 792 | 87,350 |
Leisure products – 0.2% | ||
Brunswick Corp. | 1,902 | 98,885 |
Hasbro, Inc. (B) | 8,513 | 780,727 |
Polaris Industries, Inc. | 3,549 | 315,790 |
Multiline retail – 1.0% | ||
Dollar General Corp. | 16,935 | 1,886,220 |
Dollar Tree, Inc. (A) | 14,375 | 1,211,813 |
Kohl's Corp. | 15,117 | 1,144,810 |
Macy's, Inc. | 26,392 | 904,982 |
Nordstrom, Inc. | 10,811 | 711,039 |
Target Corp. | 21,023 | 1,758,153 |
Specialty retail – 2.6% | ||
Advance Auto Parts, Inc. | 4,111 | 656,773 |
AutoZone, Inc. (A) | 1,118 | 820,019 |
Best Buy Company, Inc. | 19,396 | 1,360,823 |
Burlington Stores, Inc. (A) | 2,684 | 460,279 |
CarMax, Inc. (A) | 11,649 | 791,084 |
Carvana Company (A) | 122 | 4,728 |
Five Below, Inc. (A) | 702 | 79,902 |
L Brands, Inc. | 9,390 | 304,424 |
Lowe's Companies, Inc. | 23,752 | 2,261,665 |
O'Reilly Automotive, Inc. (A) | 4,356 | 1,397,187 |
Ross Stores, Inc. | 19,663 | 1,946,637 |
The Gap, Inc. | 17,760 | 484,848 |
The Home Depot, Inc. | 24,695 | 4,343,357 |
The TJX Companies, Inc. | 19,498 | 2,142,440 |
Tiffany & Company | 6,925 | 770,753 |
Tractor Supply Company | 8,251 | 758,184 |
Ulta Beauty, Inc. (A) | 3,427 | 940,780 |
Textiles, apparel and luxury goods – 0.9% | ||
Columbia Sportswear Company | 198 | 17,875 |
Hanesbrands, Inc. (B) | 18,808 | 322,745 |
Lululemon Athletica, Inc. (A) | 4,842 | 681,415 |
Michael Kors Holdings, Ltd. (A) | 9,398 | 520,743 |
NIKE, Inc., Class B | 28,678 | 2,151,997 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods (continued) | ||
PVH Corp. | 4,084 | $493,306 |
Ralph Lauren Corp. | 4,043 | 524,013 |
Tapestry, Inc. | 14,298 | 604,948 |
Under Armour, Inc., Class A (A)(B) | 6,595 | 145,815 |
Under Armour, Inc., Class C (A)(B) | 6,612 | 131,116 |
VF Corp. | 12,561 | 1,041,056 |
Consumer staples – 6.5% | 48,162,562 | |
Beverages – 1.4% | ||
Brown-Forman Corp., Class A | 2,712 | 125,755 |
Brown-Forman Corp., Class B | 15,262 | 707,241 |
Constellation Brands, Inc., Class A | 5,742 | 1,143,979 |
Keurig Dr. Pepper, Inc. | 910 | 23,660 |
Molson Coors Brewing Company, Class B | 10,861 | 695,104 |
Monster Beverage Corp. (A) | 12,846 | 678,911 |
PepsiCo, Inc. | 29,464 | 3,311,164 |
The Coca-Cola Company | 75,511 | 3,615,467 |
Food and staples retailing – 1.5% | ||
Costco Wholesale Corp. | 9,576 | 2,189,361 |
Sysco Corp. | 19,325 | 1,378,452 |
The Kroger Company | 57,023 | 1,697,004 |
US Foods Holding Corp. (A) | 8,636 | 251,912 |
Walgreens Boots Alliance, Inc. | 17,976 | 1,433,946 |
Walmart, Inc. | 39,772 | 3,988,336 |
Food products – 1.7% | ||
Archer-Daniels-Midland Company | 24,510 | 1,158,098 |
Bunge, Ltd. | 9,294 | 574,369 |
Campbell Soup Company (B) | 11,952 | 447,124 |
Conagra Brands, Inc. | 27,909 | 993,547 |
General Mills, Inc. | 21,995 | 963,381 |
Hormel Foods Corp. (B) | 13,817 | 602,974 |
Ingredion, Inc. | 4,958 | 501,650 |
Kellogg Company | 10,996 | 720,018 |
Lamb Weston Holdings, Inc. | 8,275 | 646,774 |
McCormick & Company, Inc. | 7,656 | 1,102,464 |
Mondelez International, Inc., Class A | 34,851 | 1,463,045 |
Post Holdings, Inc. (A) | 3,308 | 292,493 |
The Hershey Company | 10,049 | 1,076,750 |
The J.M. Smucker Company | 6,016 | 651,653 |
The Kraft Heinz Company | 9,204 | 505,944 |
Tyson Foods, Inc., Class A | 12,057 | 722,455 |
Household products – 1.1% | ||
Church & Dwight Company, Inc. | 11,158 | 662,450 |
Colgate-Palmolive Company | 16,357 | 974,059 |
Kimberly-Clark Corp. | 8,680 | 905,324 |
The Clorox Company | 8,312 | 1,233,916 |
The Procter & Gamble Company | 48,742 | 4,322,441 |
Personal products – 0.2% | ||
Coty, Inc., Class A | 10,197 | 107,578 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 53 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Personal products (continued) | ||
Herbalife Nutrition, Ltd. (A) | 5,998 | $319,453 |
The Estee Lauder Companies, Inc., Class A | 8,279 | 1,137,866 |
Tobacco – 0.6% | ||
Altria Group, Inc. | 40,020 | 2,602,901 |
Philip Morris International, Inc. | 25,361 | 2,233,543 |
Energy – 5.2% | 38,953,802 | |
Energy equipment and services – 0.4% | ||
Baker Hughes, a GE Company | 9,273 | 247,496 |
Halliburton Company | 18,764 | 650,736 |
Helmerich & Payne, Inc. | 2,317 | 144,326 |
National Oilwell Varco, Inc. | 17,026 | 626,557 |
Schlumberger, Ltd. | 21,424 | 1,099,265 |
TechnipFMC PLC | 22,288 | 586,174 |
Oil, gas and consumable fuels – 4.8% | ||
Anadarko Petroleum Corp. | 14,564 | 774,805 |
Antero Resources Corp. (A)(B) | 14,296 | 227,163 |
Apache Corp. | 17,839 | 674,849 |
Cabot Oil & Gas Corp. | 18,014 | 436,479 |
Cheniere Energy, Inc. (A) | 7,493 | 452,652 |
Chevron Corp. | 43,931 | 4,904,896 |
Cimarex Energy Company | 4,092 | 325,191 |
Concho Resources, Inc. (A) | 7,655 | 1,064,734 |
ConocoPhillips | 22,163 | 1,549,194 |
Continental Resources, Inc. (A) | 4,861 | 256,077 |
Devon Energy Corp. | 18,871 | 611,420 |
Diamondback Energy, Inc. (B) | 4,000 | 449,440 |
Energen Corp. (A) | 3,584 | 257,940 |
EOG Resources, Inc. | 11,159 | 1,175,489 |
EQT Corp. | 12,698 | 431,351 |
Exxon Mobil Corp. | 93,283 | 7,432,789 |
Hess Corp. | 14,601 | 838,097 |
HollyFrontier Corp. | 12,746 | 859,590 |
Kinder Morgan, Inc. | 50,027 | 851,460 |
Marathon Oil Corp. | 43,320 | 822,647 |
Marathon Petroleum Corp. | 38,604 | 2,719,652 |
Noble Energy, Inc. | 30,573 | 759,739 |
Occidental Petroleum Corp. | 17,791 | 1,193,242 |
ONEOK, Inc. | 16,231 | 1,064,754 |
Parsley Energy, Inc., Class A (A) | 7,644 | 179,022 |
PBF Energy, Inc., Class A | 1,793 | 75,037 |
Phillips 66 | 11,724 | 1,205,462 |
Pioneer Natural Resources Company | 5,172 | 761,680 |
Tallgrass Energy LP | 1,059 | 23,044 |
Targa Resources Corp. | 6,932 | 358,176 |
The Williams Companies, Inc. | 33,029 | 803,596 |
Valero Energy Corp. | 21,245 | 1,935,207 |
WPX Energy, Inc. (A) | 7,754 | 124,374 |
Shares or Principal Amount | Value | |
Financials – 14.2% | $105,017,515 | |
Banks – 5.5% | ||
Bank of America Corp. | 190,159 | 5,229,373 |
BB&T Corp. | 23,032 | 1,132,253 |
BOK Financial Corp. | 813 | 69,698 |
CIT Group, Inc. | 10,832 | 513,220 |
Citigroup, Inc. | 53,706 | 3,515,595 |
Citizens Financial Group, Inc. | 26,963 | 1,007,068 |
Comerica, Inc. | 10,225 | 833,951 |
Commerce Bancshares, Inc. | 4,486 | 285,310 |
Cullen/Frost Bankers, Inc. | 1,778 | 174,102 |
East West Bancorp, Inc. | 7,674 | 402,425 |
Fifth Third Bancorp | 55,169 | 1,489,011 |
First Horizon National Corp. | 5,848 | 94,387 |
First Republic Bank | 7,504 | 682,789 |
Huntington Bancshares, Inc. | 55,003 | 788,193 |
JPMorgan Chase & Co. | 74,960 | 8,172,139 |
KeyCorp | 54,988 | 998,582 |
M&T Bank Corp. | 7,927 | 1,311,205 |
PacWest Bancorp | 5,802 | 235,677 |
People's United Financial, Inc. | 16,993 | 266,110 |
Regions Financial Corp. | 82,079 | 1,392,881 |
Signature Bank | 2,457 | 270,024 |
SunTrust Banks, Inc. | 20,451 | 1,281,460 |
SVB Financial Group (A) | 2,501 | 593,312 |
Synovus Financial Corp. | 3,358 | 126,126 |
The PNC Financial Services Group, Inc. | 11,837 | 1,520,936 |
U.S. Bancorp | 37,558 | 1,963,157 |
Webster Financial Corp. | 854 | 50,249 |
Wells Fargo & Company | 104,217 | 5,547,471 |
Western Alliance Bancorp (A) | 3,402 | 164,112 |
Zions Bancorp NA | 11,132 | 523,761 |
Capital markets – 3.2% | ||
Affiliated Managers Group, Inc. | 3,137 | 356,551 |
Ameriprise Financial, Inc. | 11,037 | 1,404,348 |
BGC Partners, Inc., Class A | 2,671 | 28,286 |
BlackRock, Inc. | 2,082 | 856,576 |
Cboe Global Markets, Inc. | 4,040 | 455,914 |
CME Group, Inc. | 7,701 | 1,411,131 |
E*TRADE Financial Corp. | 14,246 | 704,037 |
Eaton Vance Corp. | 5,142 | 231,647 |
FactSet Research Systems, Inc. | 2,297 | 513,977 |
Franklin Resources, Inc. | 18,440 | 562,420 |
Intercontinental Exchange, Inc. | 15,143 | 1,166,617 |
Invesco, Ltd. | 22,038 | 478,445 |
Janus Henderson Group PLC | 3,358 | 82,506 |
Lazard, Ltd., Class A | 3,431 | 136,348 |
LPL Financial Holdings, Inc. | 919 | 56,610 |
MarketAxess Holdings, Inc. | 1,738 | 364,406 |
Moody's Corp. | 5,386 | 783,555 |
Morgan Stanley | 30,763 | 1,404,639 |
54 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
Morningstar, Inc. | 121 | $15,101 |
MSCI, Inc. | 5,264 | 791,600 |
Nasdaq, Inc. | 6,672 | 578,529 |
Northern Trust Corp. | 12,128 | 1,140,881 |
Raymond James Financial, Inc. | 7,462 | 572,261 |
S&P Global, Inc. | 9,321 | 1,699,405 |
SEI Investments Company | 9,453 | 505,263 |
State Street Corp. | 11,113 | 764,019 |
T. Rowe Price Group, Inc. | 12,951 | 1,256,117 |
TD Ameritrade Holding Corp. | 10,261 | 530,699 |
The Bank of New York Mellon Corp. | 32,096 | 1,519,104 |
The Charles Schwab Corp. | 28,184 | 1,303,228 |
The Goldman Sachs Group, Inc. | 8,244 | 1,857,950 |
Consumer finance – 0.9% | ||
Ally Financial, Inc. | 35,510 | 902,309 |
American Express Company | 17,936 | 1,842,565 |
Capital One Financial Corp. | 20,392 | 1,821,006 |
Credit Acceptance Corp. (A) | 241 | 102,285 |
Discover Financial Services | 19,633 | 1,367,831 |
Santander Consumer USA Holdings, Inc. | 7,442 | 139,538 |
Synchrony Financial | 32,339 | 933,950 |
Diversified financial services – 1.2% | ||
AXA Equitable Holdings, Inc. | 1,851 | 37,557 |
Berkshire Hathaway, Inc., Class B (A) | 38,304 | 7,863,045 |
Jefferies Financial Group, Inc. | 15,392 | 330,466 |
Voya Financial, Inc. | 8,744 | 382,637 |
Insurance – 3.4% | ||
Aflac, Inc. | 28,975 | 1,247,953 |
Alleghany Corp. | 826 | 496,162 |
American Financial Group, Inc. | 4,456 | 445,734 |
American International Group, Inc. | 23,663 | 977,045 |
Aon PLC | 9,403 | 1,468,561 |
Arch Capital Group, Ltd. (A) | 17,594 | 499,142 |
Arthur J. Gallagher & Company | 9,212 | 681,780 |
Assurant, Inc. | 729 | 70,866 |
Athene Holding, Ltd., Class A (A) | 1,801 | 82,342 |
Brown & Brown, Inc. | 12,622 | 355,688 |
Chubb, Ltd. | 8,285 | 1,034,879 |
Cincinnati Financial Corp. | 8,392 | 659,947 |
CNA Financial Corp. | 1,838 | 79,714 |
Erie Indemnity Company, Class A | 1,053 | 136,564 |
Everest Re Group, Ltd. | 2,564 | 558,593 |
Fidelity National Financial, Inc. | 14,493 | 484,791 |
First American Financial Corp. | 2,669 | 118,317 |
Lincoln National Corp. | 15,365 | 924,819 |
Loews Corp. | 17,179 | 799,854 |
Markel Corp. (A) | 565 | 617,681 |
Marsh & McLennan Companies, Inc. | 14,302 | 1,212,095 |
MetLife, Inc. | 19,482 | 802,464 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Insurance (continued) | ||
Old Republic International Corp. | 12,675 | $279,484 |
Principal Financial Group, Inc. | 19,782 | 931,139 |
Prudential Financial, Inc. | 14,241 | 1,335,521 |
Reinsurance Group of America, Inc. | 4,307 | 613,188 |
The Allstate Corp. | 12,087 | 1,156,968 |
The Hartford Financial Services Group, Inc. | 28,907 | 1,312,956 |
The Progressive Corp. | 21,165 | 1,475,201 |
The Travelers Companies, Inc. | 13,545 | 1,694,886 |
Torchmark Corp. | 6,918 | 585,678 |
Unum Group | 17,736 | 643,107 |
W.R. Berkley Corp. | 6,555 | 497,525 |
Willis Towers Watson PLC | 5,916 | 846,935 |
Health care – 13.6% | 100,563,283 | |
Biotechnology – 1.9% | ||
AbbVie, Inc. | 27,420 | 2,134,647 |
Alexion Pharmaceuticals, Inc. (A) | 6,131 | 687,101 |
Alkermes PLC (A) | 4,448 | 181,612 |
Alnylam Pharmaceuticals, Inc. (A) | 1,611 | 129,573 |
Amgen, Inc. | 15,898 | 3,064,975 |
Biogen, Inc. (A) | 5,142 | 1,564,556 |
BioMarin Pharmaceutical, Inc. (A) | 5,150 | 474,676 |
Bluebird Bio, Inc. (A)(B) | 913 | 104,721 |
Celgene Corp. (A) | 14,306 | 1,024,310 |
Exact Sciences Corp. (A) | 814 | 57,835 |
Exelixis, Inc. (A) | 6,919 | 95,967 |
Gilead Sciences, Inc. | 32,147 | 2,191,782 |
Incyte Corp. (A) | 4,219 | 273,476 |
Ionis Pharmaceuticals, Inc. (A)(B) | 2,394 | 118,623 |
Neurocrine Biosciences, Inc. (A) | 975 | 104,471 |
Regeneron Pharmaceuticals, Inc. (A) | 1,682 | 570,602 |
Sage Therapeutics, Inc. (A) | 701 | 90,205 |
Sarepta Therapeutics, Inc. (A) | 325 | 43,472 |
Seattle Genetics, Inc. (A)(B) | 2,625 | 147,341 |
Vertex Pharmaceuticals, Inc. (A) | 5,258 | 891,021 |
Health care equipment and supplies – 3.0% | ||
Abbott Laboratories | 40,738 | 2,808,478 |
ABIOMED, Inc. (A) | 1,253 | 427,524 |
Align Technology, Inc. (A) | 2,680 | 592,816 |
Baxter International, Inc. | 15,516 | 969,905 |
Becton, Dickinson and Company | 6,587 | 1,518,304 |
Boston Scientific Corp. (A) | 33,772 | 1,220,520 |
Danaher Corp. | 13,467 | 1,338,620 |
DENTSPLY SIRONA, Inc. | 11,931 | 413,171 |
DexCom, Inc. (A) | 682 | 90,549 |
Edwards Lifesciences Corp. (A) | 10,215 | 1,507,734 |
Hill-Rom Holdings, Inc. | 1,575 | 132,426 |
Hologic, Inc. (A) | 18,521 | 722,134 |
ICU Medical, Inc. (A) | 91 | 23,180 |
IDEXX Laboratories, Inc. (A) | 4,990 | 1,058,479 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 55 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
Insulet Corp. (A)(B) | 233 | $20,553 |
Intuitive Surgical, Inc. (A) | 2,069 | 1,078,321 |
LivaNova PLC (A) | 678 | 75,929 |
Masimo Corp. (A) | 662 | 76,527 |
Medtronic PLC | 26,136 | 2,347,536 |
ResMed, Inc. | 7,566 | 801,391 |
STERIS PLC | 4,070 | 444,892 |
Stryker Corp. | 8,505 | 1,379,681 |
Teleflex, Inc. | 1,921 | 462,462 |
The Cooper Companies, Inc. | 2,440 | 630,276 |
Varian Medical Systems, Inc. (A) | 5,847 | 697,956 |
West Pharmaceutical Services, Inc. | 2,701 | 286,090 |
Zimmer Biomet Holdings, Inc. | 9,956 | 1,130,902 |
Health care providers and services – 3.9% | ||
Aetna, Inc. | 9,442 | 1,873,293 |
AmerisourceBergen Corp. | 9,940 | 874,720 |
Anthem, Inc. | 8,420 | 2,320,299 |
Cardinal Health, Inc. | 15,893 | 804,186 |
Centene Corp. (A) | 10,035 | 1,307,761 |
Cigna Corp. | 10,432 | 2,230,466 |
CVS Health Corp. | 26,968 | 1,952,214 |
DaVita, Inc. (A) | 12,952 | 872,188 |
Encompass Health Corp. | 1,507 | 101,421 |
Express Scripts Holding Company (A) | 23,013 | 2,231,571 |
HCA Healthcare, Inc. | 6,933 | 925,763 |
Henry Schein, Inc. (A) | 11,209 | 930,347 |
Humana, Inc. | 5,216 | 1,671,259 |
Laboratory Corp. of America Holdings (A) | 8,280 | 1,329,354 |
McKesson Corp. | 7,461 | 930,834 |
Molina Healthcare, Inc. (A) | 657 | 83,288 |
Quest Diagnostics, Inc. | 13,457 | 1,266,438 |
UnitedHealth Group, Inc. | 22,514 | 5,884,034 |
Universal Health Services, Inc., Class B | 7,638 | 928,475 |
WellCare Health Plans, Inc. (A) | 2,429 | 670,380 |
Health care technology – 0.2% | ||
athenahealth, Inc. (A) | 1,588 | 202,534 |
Cerner Corp. (A) | 17,988 | 1,030,353 |
Veeva Systems, Inc., Class A (A) | 2,686 | 245,366 |
Life sciences tools and services – 1.1% | ||
Agilent Technologies, Inc. | 17,996 | 1,165,961 |
Bio-Rad Laboratories, Inc., Class A (A) | 819 | 223,464 |
Bio-Techne Corp. | 273 | 45,788 |
Charles River Laboratories International, Inc. (A) | 978 | 119,140 |
Illumina, Inc. (A) | 3,933 | 1,223,753 |
IQVIA Holdings, Inc. (A) | 7,001 | 860,633 |
Mettler-Toledo International, Inc. (A) | 1,622 | 886,942 |
PerkinElmer, Inc. | 5,361 | 463,619 |
PRA Health Sciences, Inc. (A) | 716 | 69,359 |
Thermo Fisher Scientific, Inc. | 8,553 | 1,998,408 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Life sciences tools and services (continued) | ||
Waters Corp. (A) | 4,885 | $926,636 |
Pharmaceuticals – 3.5% | ||
Allergan PLC | 5,921 | 935,577 |
Amneal Pharmaceuticals, Inc. (A)(B) | 747 | 13,782 |
Bristol-Myers Squibb Company | 26,070 | 1,317,578 |
Catalent, Inc. (A) | 4,388 | 177,012 |
Eli Lilly & Company | 20,182 | 2,188,536 |
Jazz Pharmaceuticals PLC (A) | 3,148 | 499,965 |
Johnson & Johnson | 55,037 | 7,704,630 |
Merck & Company, Inc. | 56,976 | 4,194,003 |
Mylan NV (A) | 26,314 | 822,313 |
Nektar Therapeutics (A) | 3,312 | 128,108 |
Perrigo Company PLC (B) | 6,065 | 426,370 |
Pfizer, Inc. | 128,371 | 5,527,655 |
Zoetis, Inc. | 19,636 | 1,770,185 |
Industrials – 12.0% | 89,196,472 | |
Aerospace and defense – 2.6% | ||
Arconic, Inc. | 21,195 | 430,894 |
BWX Technologies, Inc. | 2,554 | 149,307 |
Curtiss-Wright Corp. | 906 | 99,171 |
General Dynamics Corp. | 6,202 | 1,070,341 |
Harris Corp. | 9,200 | 1,368,132 |
HEICO Corp. (B) | 1,027 | 86,093 |
HEICO Corp., Class A | 2,468 | 164,517 |
Hexcel Corp. | 1,038 | 60,744 |
Huntington Ingalls Industries, Inc. | 2,579 | 563,460 |
L3 Technologies, Inc. | 5,029 | 952,845 |
Lockheed Martin Corp. | 5,459 | 1,604,127 |
Northrop Grumman Corp. | 4,923 | 1,289,580 |
Raytheon Company | 8,536 | 1,494,141 |
Rockwell Collins, Inc. | 10,016 | 1,282,248 |
Spirit AeroSystems Holdings, Inc., Class A | 6,687 | 561,775 |
Teledyne Technologies, Inc. (A) | 913 | 202,029 |
Textron, Inc. | 16,351 | 876,904 |
The Boeing Company | 10,097 | 3,583,021 |
TransDigm Group, Inc. (A) | 2,209 | 729,522 |
United Technologies Corp. | 18,792 | 2,334,154 |
Air freight and logistics – 0.7% | ||
C.H. Robinson Worldwide, Inc. | 9,175 | 816,850 |
Expeditors International of Washington, Inc. | 10,882 | 731,053 |
FedEx Corp. | 7,487 | 1,649,686 |
United Parcel Service, Inc., Class B | 13,479 | 1,436,053 |
XPO Logistics, Inc. (A) | 5,090 | 454,944 |
Airlines – 0.9% | ||
Alaska Air Group, Inc. (B) | 8,474 | 520,473 |
American Airlines Group, Inc. | 26,335 | 923,832 |
Delta Air Lines, Inc. | 29,746 | 1,627,999 |
JetBlue Airways Corp. (A) | 16,090 | 269,186 |
56 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Airlines (continued) | ||
Southwest Airlines Company | 25,447 | $1,249,448 |
United Continental Holdings, Inc. (A) | 23,863 | 2,040,525 |
Building products – 0.4% | ||
Allegion PLC | 4,948 | 424,192 |
AO Smith Corp. | 6,601 | 300,544 |
Fortune Brands Home & Security, Inc. | 8,358 | 374,689 |
Johnson Controls International PLC | 28,223 | 902,289 |
Lennox International, Inc. | 1,915 | 403,854 |
Masco Corp. | 14,652 | 439,560 |
Owens Corning | 6,671 | 315,338 |
Resideo Technologies, Inc. (A) | 2,655 | 55,881 |
USG Corp. | 902 | 38,082 |
Commercial services and supplies – 0.7% | ||
ADT, Inc. (B) | 3,206 | 24,814 |
Cintas Corp. | 6,580 | 1,196,705 |
Copart, Inc. (A) | 9,594 | 469,243 |
KAR Auction Services, Inc. | 7,715 | 439,292 |
Republic Services, Inc. | 20,213 | 1,469,081 |
Rollins, Inc. | 4,431 | 262,315 |
Waste Management, Inc. | 16,907 | 1,512,669 |
Construction and engineering – 0.1% | ||
Fluor Corp. | 10,920 | 478,951 |
Jacobs Engineering Group, Inc. | 6,874 | 516,169 |
Electrical equipment – 0.8% | ||
Acuity Brands, Inc. | 1,743 | 218,991 |
AMETEK, Inc. | 13,417 | 900,012 |
Eaton Corp. PLC | 15,217 | 1,090,602 |
Emerson Electric Company | 20,310 | 1,378,643 |
Hubbell, Inc. | 3,284 | 333,983 |
Rockwell Automation, Inc. | 7,793 | 1,283,741 |
Sensata Technologies Holding PLC (A) | 9,361 | 439,031 |
Industrial conglomerates – 1.1% | ||
3M Company | 12,769 | 2,429,430 |
Carlisle Companies, Inc. | 4,056 | 391,769 |
General Electric Company | 154,511 | 1,560,561 |
Honeywell International, Inc. | 15,929 | 2,306,838 |
Roper Technologies, Inc. | 5,288 | 1,495,975 |
Machinery – 2.5% | ||
Allison Transmission Holdings, Inc. | 8,287 | 365,291 |
Caterpillar, Inc. | 15,038 | 1,824,410 |
Cummins, Inc. | 7,717 | 1,054,837 |
Deere & Company | 12,634 | 1,711,149 |
Donaldson Company, Inc. | 7,729 | 396,343 |
Dover Corp. | 12,996 | 1,076,589 |
Flowserve Corp. | 9,118 | 418,516 |
Fortive Corp. | 14,441 | 1,072,244 |
Gardner Denver Holdings, Inc. (A) | 840 | 22,730 |
Graco, Inc. | 6,069 | 246,583 |
IDEX Corp. | 4,249 | 538,858 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Illinois Tool Works, Inc. | 10,244 | $1,306,827 |
Ingersoll-Rand PLC | 16,916 | 1,622,921 |
Lincoln Electric Holdings, Inc. | 3,364 | 272,181 |
Nordson Corp. | 2,485 | 304,835 |
PACCAR, Inc. | 23,674 | 1,354,390 |
Parker-Hannifin Corp. | 8,789 | 1,332,676 |
Pentair PLC | 9,313 | 373,917 |
Snap-on, Inc. | 3,398 | 523,088 |
Stanley Black & Decker, Inc. | 9,477 | 1,104,260 |
The Middleby Corp. (A) | 2,647 | 297,258 |
The Toro Company | 4,987 | 280,918 |
WABCO Holdings, Inc. (A) | 2,702 | 290,330 |
Wabtec Corp. (B) | 4,354 | 357,115 |
Xylem, Inc. | 9,111 | 597,499 |
Professional services – 0.6% | ||
CoStar Group, Inc. (A) | 1,326 | 479,243 |
Equifax, Inc. | 8,411 | 853,212 |
IHS Markit, Ltd. (A) | 7,696 | 404,271 |
ManpowerGroup, Inc. | 5,749 | 438,591 |
Nielsen Holdings PLC | 13,487 | 350,392 |
Robert Half International, Inc. | 7,663 | 463,841 |
TransUnion | 6,078 | 399,629 |
Verisk Analytics, Inc. (A) | 8,497 | 1,018,280 |
Road and rail – 1.2% | ||
AMERCO | 463 | 151,160 |
CSX Corp. | 23,136 | 1,593,145 |
J.B. Hunt Transport Services, Inc. | 7,420 | 820,726 |
Kansas City Southern | 6,665 | 679,563 |
Norfolk Southern Corp. | 12,539 | 2,104,420 |
Old Dominion Freight Line, Inc. | 3,568 | 465,339 |
Union Pacific Corp. | 19,468 | 2,846,611 |
Trading companies and distributors – 0.4% | ||
Fastenal Company | 16,281 | 837,006 |
HD Supply Holdings, Inc. (A) | 9,557 | 359,056 |
United Rentals, Inc. (A) | 6,005 | 721,020 |
W.W. Grainger, Inc. | 4,125 | 1,171,376 |
Watsco, Inc. | 1,468 | 217,528 |
Information technology – 19.5% | 144,133,135 | |
Communications equipment – 1.1% | ||
Arista Networks, Inc. (A) | 1,552 | 357,503 |
Cisco Systems, Inc. | 103,676 | 4,743,177 |
CommScope Holding Company, Inc. (A) | 11,723 | 282,055 |
F5 Networks, Inc. (A) | 4,022 | 704,976 |
Juniper Networks, Inc. | 23,573 | 689,982 |
Motorola Solutions, Inc. | 8,492 | 1,040,780 |
Palo Alto Networks, Inc. (A) | 2,469 | 451,926 |
Ubiquiti Networks, Inc. (B) | 157 | 14,615 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 57 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Electronic equipment, instruments and components – 1.1% | ||
Amphenol Corp., Class A | 20,504 | $1,835,108 |
Arrow Electronics, Inc. (A) | 7,024 | 475,595 |
CDW Corp. | 7,877 | 709,009 |
Cognex Corp. | 4,150 | 177,786 |
Corning, Inc. | 52,051 | 1,663,029 |
Dolby Laboratories, Inc., Class A | 2,402 | 165,282 |
Flex, Ltd. (A) | 46,093 | 362,285 |
FLIR Systems, Inc. | 4,174 | 193,298 |
IPG Photonics Corp. (A)(B) | 1,581 | 211,143 |
Keysight Technologies, Inc. (A) | 8,568 | 489,061 |
National Instruments Corp. | 2,562 | 125,461 |
TE Connectivity, Ltd. | 15,226 | 1,148,345 |
Trimble, Inc. (A) | 12,483 | 466,615 |
Zebra Technologies Corp., Class A (A) | 1,571 | 261,257 |
IT services – 4.7% | ||
Accenture PLC, Class A | 14,765 | 2,327,259 |
Akamai Technologies, Inc. (A) | 10,152 | 733,482 |
Alliance Data Systems Corp. | 4,010 | 826,782 |
Amdocs, Ltd. | 10,886 | 688,757 |
Automatic Data Processing, Inc. | 11,915 | 1,716,713 |
Black Knight, Inc. (A) | 5,713 | 278,623 |
Booz Allen Hamilton Holding Corp. | 5,755 | 285,103 |
Broadridge Financial Solutions, Inc. | 6,634 | 775,780 |
Cognizant Technology Solutions Corp., Class A | 18,898 | 1,304,529 |
DXC Technology Company | 13,573 | 988,522 |
EPAM Systems, Inc. (A) | 929 | 110,988 |
Fidelity National Information Services, Inc. | 13,819 | 1,438,558 |
First Data Corp., Class A (A) | 20,622 | 386,456 |
Fiserv, Inc. (A) | 16,395 | 1,300,124 |
FleetCor Technologies, Inc. (A) | 4,335 | 867,130 |
Gartner, Inc. (A) | 4,174 | 615,748 |
Genpact, Ltd. | 6,117 | 167,667 |
Global Payments, Inc. | 6,837 | 780,991 |
GoDaddy, Inc., Class A (A) | 3,279 | 239,924 |
IBM Corp. | 19,461 | 2,246,383 |
Jack Henry & Associates, Inc. | 4,253 | 637,227 |
Leidos Holdings, Inc. | 7,743 | 501,592 |
Mastercard, Inc., Class A | 20,393 | 4,031,084 |
Okta, Inc. (A) | 662 | 38,634 |
Paychex, Inc. | 17,241 | 1,129,113 |
PayPal Holdings, Inc. (A) | 20,416 | 1,718,823 |
Sabre Corp. | 10,992 | 270,953 |
Square, Inc., Class A (A) | 4,384 | 322,005 |
The Western Union Company | 28,266 | 509,919 |
Total System Services, Inc. | 11,759 | 1,071,833 |
Twilio, Inc., Class A (A) | 621 | 46,712 |
VeriSign, Inc. (A) | 5,143 | 733,083 |
Visa, Inc., Class A | 34,073 | 4,696,963 |
WEX, Inc. (A) | 808 | 142,176 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
Worldpay, Inc., Class A (A) | 11,127 | $1,021,904 |
Semiconductors and semiconductor equipment – 3.6% | ||
Advanced Micro Devices, Inc. (A)(B) | 22,711 | 413,567 |
Analog Devices, Inc. | 15,124 | 1,266,030 |
Applied Materials, Inc. | 34,213 | 1,124,923 |
Broadcom, Inc. | 8,419 | 1,881,562 |
Cypress Semiconductor Corp. | 7,472 | 96,688 |
First Solar, Inc. (A) | 917 | 38,331 |
Intel Corp. | 131,501 | 6,164,767 |
KLA-Tencor Corp. | 4,260 | 389,960 |
Lam Research Corp. | 8,351 | 1,183,587 |
Marvell Technology Group, Ltd. | 27,876 | 457,445 |
Maxim Integrated Products, Inc. | 16,743 | 837,485 |
Microchip Technology, Inc. (B) | 12,605 | 829,157 |
Micron Technology, Inc. (A) | 52,719 | 1,988,561 |
Monolithic Power Systems, Inc. | 159 | 18,781 |
NVIDIA Corp. | 10,233 | 2,157,423 |
ON Semiconductor Corp. (A) | 22,316 | 379,372 |
Qorvo, Inc. (A) | 6,173 | 453,777 |
QUALCOMM, Inc. | 33,978 | 2,136,876 |
Skyworks Solutions, Inc. | 11,139 | 966,420 |
Teradyne, Inc. | 8,592 | 295,994 |
Texas Instruments, Inc. | 22,825 | 2,118,845 |
Xilinx, Inc. | 17,094 | 1,459,315 |
Software – 4.8% | ||
Adobe, Inc. (A) | 7,559 | 1,857,700 |
ANSYS, Inc. (A) | 4,304 | 643,663 |
Aspen Technology, Inc. (A) | 1,048 | 88,965 |
Atlassian Corp. PLC, Class A (A) | 1,957 | 148,556 |
Autodesk, Inc. (A) | 5,015 | 648,189 |
CA, Inc. | 24,465 | 1,085,267 |
Cadence Design Systems, Inc. (A) | 13,704 | 610,787 |
CDK Global, Inc. | 6,831 | 391,006 |
Citrix Systems, Inc. (A) | 8,708 | 892,309 |
Dell Technologies, Inc., Class V (A) | 11,679 | 1,055,665 |
DocuSign, Inc. (A)(B) | 70 | 2,936 |
Dropbox, Inc., Class A (A) | 687 | 16,124 |
Fair Isaac Corp. (A) | 255 | 49,141 |
Fortinet, Inc. (A) | 4,198 | 344,992 |
Guidewire Software, Inc. (A) | 1,710 | 152,139 |
Intuit, Inc. | 8,618 | 1,818,398 |
Microsoft Corp. | 133,675 | 14,277,827 |
Nutanix, Inc., Class A (A) | 1,517 | 62,971 |
Oracle Corp. | 76,331 | 3,728,006 |
Paycom Software, Inc. (A) | 881 | 110,301 |
Pivotal Software, Inc., Class A (A) | 593 | 12,097 |
Proofpoint, Inc. (A) | 202 | 18,372 |
PTC, Inc. (A) | 3,204 | 264,042 |
Red Hat, Inc. (A) | 7,767 | 1,333,128 |
58 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
RingCentral, Inc., Class A (A) | 601 | $46,716 |
salesforce.com, Inc. (A) | 8,500 | 1,166,540 |
ServiceNow, Inc. (A) | 4,120 | 745,885 |
Splunk, Inc. (A) | 4,003 | 399,660 |
SS&C Technologies Holdings, Inc. | 10,076 | 515,488 |
Symantec Corp. | 38,895 | 705,944 |
Synopsys, Inc. (A) | 8,347 | 747,307 |
Tableau Software, Inc., Class A (A) | 1,079 | 115,108 |
The Trade Desk, Inc., Class A (A) | 151 | 18,656 |
The Ultimate Software Group, Inc. (A) | 825 | 219,970 |
Tyler Technologies, Inc. (A) | 1,151 | 243,621 |
VMware, Inc., Class A (A) | 1,833 | 259,168 |
Workday, Inc., Class A (A) | 3,349 | 445,484 |
Zendesk, Inc. (A) | 749 | 41,173 |
Technology hardware, storage and peripherals – 4.2% | ||
Apple, Inc. | 113,673 | 24,878,473 |
Hewlett Packard Enterprise Company | 62,888 | 959,042 |
HP, Inc. | 50,251 | 1,213,059 |
NetApp, Inc. | 17,232 | 1,352,540 |
Pure Storage, Inc., Class A (A) | 1,067 | 21,532 |
Seagate Technology PLC (B) | 22,775 | 916,238 |
Western Digital Corp. | 21,023 | 905,461 |
Xerox Corp. | 15,242 | 424,795 |
Materials – 3.4% | 25,545,518 | |
Chemicals – 2.0% | ||
Air Products & Chemicals, Inc. | 6,712 | 1,035,997 |
Albemarle Corp. (B) | 5,857 | 581,132 |
Axalta Coating Systems, Ltd. (A) | 11,173 | 275,750 |
Celanese Corp. | 9,234 | 895,144 |
CF Industries Holdings, Inc. | 16,791 | 806,472 |
DowDuPont, Inc. | 36,547 | 1,970,614 |
Eastman Chemical Company | 11,025 | 863,809 |
Ecolab, Inc. | 7,695 | 1,178,489 |
FMC Corp. | 7,439 | 580,837 |
Huntsman Corp. | 10,343 | 226,305 |
International Flavors & Fragrances, Inc. | 4,572 | 661,386 |
Linde PLC | 8,369 | 1,384,818 |
LyondellBasell Industries NV, Class A | 10,428 | 930,908 |
PPG Industries, Inc. | 10,985 | 1,154,414 |
RPM International, Inc. | 7,807 | 477,554 |
The Chemours Company | 5,203 | 171,751 |
The Mosaic Company | 17,856 | 552,465 |
The Sherwin-Williams Company | 2,868 | 1,128,472 |
Westlake Chemical Corp. | 2,312 | 164,846 |
Construction materials – 0.2% | ||
Martin Marietta Materials, Inc. | 3,376 | 578,241 |
Vulcan Materials Company | 6,956 | 703,530 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Containers and packaging – 0.6% | ||
AptarGroup, Inc. | 2,662 | $271,418 |
Avery Dennison Corp. | 4,330 | 392,818 |
Ball Corp. | 20,263 | 907,782 |
Berry Global Group, Inc. (A) | 6,169 | 269,092 |
Crown Holdings, Inc. (A) | 7,591 | 321,023 |
International Paper Company | 29,069 | 1,318,570 |
Packaging Corp. of America | 6,158 | 565,366 |
Sealed Air Corp. | 10,132 | 327,872 |
WestRock Company | 11,690 | 502,319 |
Metals and mining – 0.6% | ||
Alcoa Corp. (A) | 9,403 | 329,011 |
Freeport-McMoRan, Inc. | 83,941 | 977,913 |
Newmont Mining Corp. | 26,974 | 834,036 |
Nucor Corp. | 20,545 | 1,214,620 |
Reliance Steel & Aluminum Company | 4,421 | 348,905 |
Southern Copper Corp. | 2,796 | 107,199 |
Steel Dynamics, Inc. | 13,501 | 534,640 |
Real estate – 3.3% | 24,197,489 | |
Equity real estate investment trusts – 3.1% | ||
Alexandria Real Estate Equities, Inc. | 3,513 | 429,394 |
American Campus Communities, Inc. | 4,212 | 166,416 |
American Homes 4 Rent, Class A | 6,912 | 145,636 |
American Tower Corp. | 7,887 | 1,228,873 |
Apartment Investment & Management Company, Class A | 6,010 | 258,670 |
AvalonBay Communities, Inc. | 5,179 | 908,293 |
Boston Properties, Inc. | 6,017 | 726,613 |
Camden Property Trust | 3,468 | 313,056 |
Crown Castle International Corp. | 8,697 | 945,712 |
CyrusOne, Inc. | 849 | 45,192 |
Digital Realty Trust, Inc. | 6,718 | 693,701 |
Douglas Emmett, Inc. | 4,875 | 176,426 |
Duke Realty Corp. | 13,738 | 378,757 |
Equinix, Inc. | 1,822 | 690,064 |
Equity LifeStyle Properties, Inc. | 2,801 | 265,227 |
Equity Residential | 12,969 | 842,466 |
Essex Property Trust, Inc. | 2,553 | 640,241 |
Extra Space Storage, Inc. | 4,837 | 435,620 |
Federal Realty Investment Trust | 2,712 | 336,424 |
Forest City Realty Trust, Inc., Class A | 8,390 | 211,092 |
Gaming and Leisure Properties, Inc. | 6,694 | 225,521 |
HCP, Inc. | 17,868 | 492,263 |
Healthcare Trust of America, Inc., Class A | 2,782 | 73,055 |
Host Hotels & Resorts, Inc. | 29,542 | 564,548 |
Invitation Homes, Inc. | 5,194 | 113,645 |
Iron Mountain, Inc. | 10,278 | 314,610 |
Kilroy Realty Corp. | 3,565 | 245,557 |
Kimco Realty Corp. | 16,187 | 260,449 |
Lamar Advertising Company, Class A | 2,779 | 203,756 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 59 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Liberty Property Trust | 5,850 | $244,940 |
MGM Growth Properties LLC, Class A | 2,109 | 59,664 |
Mid-America Apartment Communities, Inc. | 3,626 | 354,296 |
National Retail Properties, Inc. | 5,250 | 245,438 |
Omega Healthcare Investors, Inc. | 6,908 | 230,382 |
Park Hotels & Resorts, Inc. | 5,024 | 146,048 |
Prologis, Inc. | 14,423 | 929,851 |
Public Storage | 3,181 | 653,600 |
Realty Income Corp. | 10,242 | 617,285 |
Regency Centers Corp. | 4,501 | 285,183 |
SBA Communications Corp. (A) | 5,900 | 956,803 |
Simon Property Group, Inc. | 5,821 | 1,068,270 |
SL Green Realty Corp. | 4,033 | 368,052 |
STORE Capital Corp. | 1,625 | 47,174 |
Sun Communities, Inc. | 2,492 | 250,371 |
The Macerich Company | 5,349 | 276,115 |
UDR, Inc. | 10,354 | 405,773 |
Ventas, Inc. | 12,487 | 724,745 |
VEREIT, Inc. | 32,344 | 237,082 |
VICI Properties, Inc. | 4,279 | 92,384 |
Vornado Realty Trust | 6,913 | 470,637 |
Welltower, Inc. | 11,892 | 785,704 |
Weyerhaeuser Company | 39,204 | 1,044,003 |
WP Carey, Inc. | 4,096 | 270,377 |
Real estate management and development – 0.2% | ||
CBRE Group, Inc., Class A (A) | 16,344 | 658,500 |
Jones Lang LaSalle, Inc. | 2,426 | 320,863 |
The Howard Hughes Corp. (A) | 1,100 | 122,672 |
Utilities – 4.4% | 32,571,445 | |
Electric utilities – 2.4% | ||
Alliant Energy Corp. | 12,645 | 543,482 |
American Electric Power Company, Inc. | 21,034 | 1,543,054 |
Avangrid, Inc. | 1,691 | 79,494 |
Duke Energy Corp. | 15,279 | 1,262,504 |
Edison International | 22,083 | 1,532,339 |
Entergy Corp. | 12,916 | 1,084,298 |
Evergy, Inc. | 11,720 | 656,203 |
Eversource Energy | 17,657 | 1,116,982 |
Exelon Corp. | 39,172 | 1,716,125 |
FirstEnergy Corp. (B) | 26,395 | 984,006 |
NextEra Energy, Inc. | 9,627 | 1,660,658 |
OGE Energy Corp. | 14,658 | 529,887 |
PG&E Corp. (A) | 17,676 | 827,414 |
Pinnacle West Capital Corp. | 7,719 | 634,888 |
PPL Corp. | 29,902 | 909,021 |
The Southern Company | 24,392 | 1,098,372 |
Xcel Energy, Inc. | 34,585 | 1,695,011 |
Gas utilities – 0.1% | ||
Atmos Energy Corp. | 5,134 | 477,873 |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Gas utilities (continued) | ||
UGI Corp. | 10,942 | $580,583 |
Independent power and renewable electricity producers –0.2% | ||
AES Corp. | 46,951 | 684,546 |
NRG Energy, Inc. | 10,696 | 387,088 |
Vistra Energy Corp. (A) | 7,727 | 174,862 |
Multi-utilities – 1.6% | ||
Ameren Corp. | 17,034 | 1,100,056 |
CenterPoint Energy, Inc. | 29,498 | 796,741 |
CMS Energy Corp. | 16,057 | 795,143 |
Consolidated Edison, Inc. | 18,686 | 1,420,136 |
Dominion Energy, Inc. (B) | 15,917 | 1,136,792 |
DTE Energy Company | 11,279 | 1,267,760 |
MDU Resources Group, Inc. | 7,816 | 195,087 |
NiSource, Inc. | 24,848 | 630,145 |
Public Service Enterprise Group, Inc. | 35,904 | 1,918,351 |
SCANA Corp. | 8,274 | 331,374 |
Sempra Energy | 6,591 | 725,801 |
Vectren Corp. | 1,587 | 113,518 |
WEC Energy Group, Inc. | 15,273 | 1,044,673 |
Water utilities – 0.1% | ||
American Water Works Company, Inc. | 8,546 | 756,577 |
Aqua America, Inc. | 4,937 | 160,601 |
SECURITIES LENDING COLLATERAL – 1.0% | $7,499,687 | |
(Cost $7,500,652) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 749,721 | 7,499,687 |
SHORT-TERM INVESTMENTS – 0.1% | $617,328 | |
(Cost $617,328) | ||
Money market funds – 0.1% | 617,328 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 617,328 | 617,328 |
Total investments (Multifactor Large Cap ETF) (Cost $711,645,267) 101.0% | $748,062,546 | |
Other assets and liabilities, net (1.0%) | (7,421,001) | |
Total net assets 100.0% | $740,641,545 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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. |
60 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $18,809,392 | |
(Cost $19,721,486) | ||
Energy – 1.1% | 209,616 | |
Oil, gas and consumable fuels – 1.1% | ||
Peabody Energy Corp. | 5,913 | 209,616 |
Industrials – 0.6% | 120,638 | |
Trading companies and distributors – 0.6% | ||
Univar, Inc. (A) | 4,900 | 120,638 |
Information technology – 0.9% | 160,325 | |
Semiconductors and semiconductor equipment – 0.9% | ||
Versum Materials, Inc. | 5,080 | 160,325 |
Materials – 97.3% | 18,318,813 | |
Chemicals – 63.9% | ||
Air Products & Chemicals, Inc. | 4,775 | 737,021 |
Albemarle Corp. | 4,423 | 438,850 |
Ashland Global Holdings, Inc. | 3,514 | 259,966 |
Axalta Coating Systems, Ltd. (A) | 10,535 | 260,004 |
Celanese Corp. | 6,827 | 661,809 |
CF Industries Holdings, Inc. | 12,315 | 591,489 |
DowDuPont, Inc. | 18,038 | 972,609 |
Eastman Chemical Company | 7,409 | 580,495 |
Ecolab, Inc. | 5,157 | 789,795 |
FMC Corp. | 5,281 | 412,340 |
Huntsman Corp. | 12,524 | 274,025 |
Ingevity Corp. (A) | 1,937 | 176,422 |
International Flavors & Fragrances, Inc. | 3,043 | 440,200 |
Linde PLC | 6,732 | 1,113,944 |
LyondellBasell Industries NV, Class A | 8,963 | 800,127 |
NewMarket Corp. | 439 | 169,436 |
Olin Corp. | 9,481 | 191,516 |
PPG Industries, Inc. | 11,432 | 1,201,388 |
RPM International, Inc. | 6,135 | 375,278 |
The Chemours Company | 8,326 | 274,841 |
The Mosaic Company | 20,941 | 647,915 |
The Scotts Miracle-Gro Company | 2,011 | 134,214 |
Valvoline, Inc. | 7,717 | 153,723 |
W.R. Grace & Company | 3,163 | 204,931 |
Westlake Chemical Corp. | 2,263 | 161,352 |
Containers and packaging – 7.4% | ||
Avery Dennison Corp. | 4,090 | 371,045 |
International Paper Company | 22,580 | 1,024,229 |
Metals and mining – 26.0% | ||
Alcoa Corp. (A) | 12,723 | 445,178 |
Freeport-McMoRan, Inc. | 89,872 | 1,047,009 |
Newmont Mining Corp. | 27,199 | 840,993 |
Nucor Corp. | 18,750 | 1,108,500 |
Reliance Steel & Aluminum Company | 4,056 | 320,100 |
Royal Gold, Inc. | 2,655 | 203,453 |
Southern Copper Corp. | 2,272 | 87,108 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Metals and mining (continued) | ||
Steel Dynamics, Inc. | 13,641 | $540,184 |
United States Steel Corp. | 11,584 | 307,324 |
SHORT-TERM INVESTMENTS – 0.5% | $81,906 | |
(Cost $81,906) | ||
Money market funds – 0.5% | 81,906 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (B) | 81,906 | 81,906 |
Total investments (Multifactor Materials ETF) (Cost $19,803,392) 100.4% | $18,891,298 | |
Other assets and liabilities, net (0.4%) | (65,923) | |
Total net assets 100.0% | $18,825,375 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 10-31-18. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $690,127,801 | |
(Cost $693,113,175) | ||
Communication services – 3.0% | 20,540,457 | |
Diversified telecommunication services – 0.4% | ||
CenturyLink, Inc. | 73,007 | 1,506,864 |
Zayo Group Holdings, Inc. (A) | 29,104 | 869,628 |
Entertainment – 0.9% | ||
Cinemark Holdings, Inc. | 19,988 | 830,901 |
Liberty Media Corp.-Liberty Formula One, Series A (A) | 1,131 | 35,841 |
Liberty Media Corp.-Liberty Formula One, Series C (A) | 26,480 | 875,958 |
Lions Gate Entertainment Corp., Class A | 4,767 | 91,336 |
Lions Gate Entertainment Corp., Class B | 12,211 | 217,234 |
Live Nation Entertainment, Inc. (A) | 19,675 | 1,029,003 |
Take-Two Interactive Software, Inc. (A) | 10,842 | 1,397,209 |
The Madison Square Garden Company, Class A (A) | 3,402 | 941,061 |
Viacom, Inc., Class A (B) | 278 | 9,833 |
Viacom, Inc., Class B | 28,073 | 897,775 |
World Wrestling Entertainment, Inc., Class A | 1,880 | 136,469 |
Interactive media and services – 0.6% | ||
ANGI Homeservices, Inc., Class A (A)(B) | 3,238 | 61,975 |
CarGurus, Inc. (A) | 1,711 | 76,003 |
InterActiveCorp (A) | 9,373 | 1,842,638 |
Match Group, Inc. (A)(B) | 6,563 | 339,438 |
TripAdvisor, Inc. (A)(B) | 10,661 | 555,865 |
Twitter, Inc. (A) | 19,081 | 663,065 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 61 |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Interactive media and services (continued) | ||
Zillow Group, Inc., Class A (A) | 4,280 | $172,784 |
Zillow Group, Inc., Class C (A)(B) | 10,024 | 403,566 |
Media – 1.1% | ||
Altice USA, Inc., Class A | 4,807 | 78,402 |
Cable One, Inc. | 488 | 437,121 |
Discovery, Inc., Series A (A) | 13,137 | 425,507 |
Discovery, Inc., Series C (A) | 23,859 | 699,307 |
GCI Liberty, Inc., Class A (A) | 10,685 | 505,721 |
Liberty Broadband Corp., Series A (A) | 2,444 | 202,339 |
Liberty Broadband Corp., Series C (A) | 9,116 | 755,990 |
Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 11,764 | 485,147 |
News Corp., Class A | 57,771 | 761,999 |
News Corp., Class B | 18,357 | 244,882 |
Omnicom Group, Inc. | 18,425 | 1,369,346 |
The Interpublic Group of Companies, Inc. | 69,959 | 1,620,250 |
Consumer discretionary – 11.7% | 81,023,445 | |
Auto components – 1.1% | ||
Aptiv PLC | 15,804 | 1,213,747 |
Autoliv, Inc. (B) | 13,174 | 1,097,921 |
BorgWarner, Inc. | 24,931 | 982,531 |
Gentex Corp. | 47,078 | 990,992 |
Lear Corp. | 11,640 | 1,546,956 |
The Goodyear Tire & Rubber Company | 61,382 | 1,292,705 |
Veoneer, Inc. (A)(B) | 11,012 | 369,783 |
Automobiles – 0.2% | ||
Harley-Davidson, Inc. | 29,308 | 1,120,152 |
Thor Industries, Inc. | 7,246 | 504,611 |
Distributors – 0.5% | ||
Genuine Parts Company | 18,833 | 1,844,127 |
LKQ Corp. (A) | 30,918 | 843,134 |
Pool Corp. | 5,989 | 872,897 |
Diversified consumer services – 0.8% | ||
Bright Horizons Family Solutions, Inc. (A) | 6,343 | 728,874 |
frontdoor, Inc. (A) | 11,092 | 377,683 |
Grand Canyon Education, Inc. (A) | 5,010 | 624,747 |
H&R Block, Inc. | 27,953 | 741,873 |
Service Corp. International | 39,831 | 1,651,792 |
ServiceMaster Global Holdings, Inc. (A) | 22,375 | 959,440 |
Weight Watchers International, Inc. (A) | 2,602 | 171,992 |
Hotels, restaurants and leisure – 1.9% | ||
Aramark | 39,676 | 1,425,162 |
Caesars Entertainment Corp. (A)(B) | 5,794 | 49,770 |
Chipotle Mexican Grill, Inc. (A) | 2,350 | 1,081,776 |
Choice Hotels International, Inc. | 1,737 | 127,496 |
Darden Restaurants, Inc. | 16,141 | 1,719,824 |
Domino's Pizza, Inc. | 4,179 | 1,123,273 |
Dunkin' Brands Group, Inc. | 14,419 | 1,046,243 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Hyatt Hotels Corp., Class A | 5,692 | $393,886 |
International Game Technology PLC | 15,919 | 295,297 |
MGM Resorts International | 48,792 | 1,301,771 |
Norwegian Cruise Line Holdings, Ltd. (A) | 17,414 | 767,435 |
Planet Fitness, Inc., Class A (A) | 3,968 | 194,789 |
Six Flags Entertainment Corp. | 10,027 | 540,054 |
Texas Roadhouse, Inc. | 3,512 | 212,336 |
Vail Resorts, Inc. | 4,944 | 1,242,526 |
Wyndham Destinations, Inc. | 13,756 | 493,565 |
Wyndham Hotels & Resorts, Inc. | 14,808 | 729,886 |
Wynn Resorts, Ltd. | 7,311 | 735,487 |
Household durables – 1.4% | ||
D.R. Horton, Inc. | 40,372 | 1,451,777 |
Garmin, Ltd. | 14,180 | 938,149 |
Leggett & Platt, Inc. | 24,162 | 877,322 |
Lennar Corp., A Shares | 28,825 | 1,238,899 |
Lennar Corp., B Shares | 1,786 | 63,885 |
Mohawk Industries, Inc. (A) | 6,941 | 865,751 |
NVR, Inc. (A) | 541 | 1,211,315 |
PulteGroup, Inc. | 48,738 | 1,197,493 |
Roku, Inc. (A) | 1,786 | 99,302 |
Toll Brothers, Inc. | 24,206 | 814,774 |
Whirlpool Corp. | 11,378 | 1,248,849 |
Internet and direct marketing retail – 0.6% | ||
Etsy, Inc. (A) | 4,904 | 208,518 |
Expedia Group, Inc. | 9,052 | 1,135,392 |
GrubHub, Inc. (A) | 7,491 | 694,715 |
Qurate Retail, Inc. (A) | 65,931 | 1,446,526 |
Stamps.com, Inc. (A) | 623 | 125,952 |
Wayfair, Inc., Class A (A) | 2,488 | 274,402 |
Leisure products – 0.5% | ||
Brunswick Corp. | 13,419 | 697,654 |
Hasbro, Inc. (B) | 13,483 | 1,236,526 |
Mattel, Inc. (A)(B) | 43,201 | 586,670 |
Polaris Industries, Inc. | 8,665 | 771,012 |
Multiline retail – 1.1% | ||
Dollar Tree, Inc. (A) | 24,693 | 2,081,620 |
Kohl's Corp. | 31,291 | 2,369,667 |
Macy's, Inc. | 47,215 | 1,619,002 |
Nordstrom, Inc. | 18,389 | 1,209,445 |
Ollie's Bargain Outlet Holdings, Inc. (A) | 1,907 | 177,160 |
Specialty retail – 2.3% | ||
Advance Auto Parts, Inc. | 7,852 | 1,254,436 |
AutoZone, Inc. (A) | 839 | 615,381 |
Best Buy Company, Inc. | 33,891 | 2,377,793 |
Burlington Stores, Inc. (A) | 9,170 | 1,572,563 |
CarMax, Inc. (A) | 23,713 | 1,610,350 |
Carvana Company (A)(B) | 944 | 36,580 |
Five Below, Inc. (A) | 3,357 | 382,094 |
62 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Specialty retail (continued) | ||
Foot Locker, Inc. | 21,352 | $1,006,533 |
L Brands, Inc. | 11,674 | 378,471 |
Penske Automotive Group, Inc. | 7,544 | 334,803 |
The Gap, Inc. | 23,991 | 654,954 |
Tiffany & Company | 10,640 | 1,184,232 |
Tractor Supply Company | 16,552 | 1,520,963 |
Ulta Beauty, Inc. (A) | 6,617 | 1,816,499 |
Urban Outfitters, Inc. (A) | 4,422 | 174,492 |
Williams-Sonoma, Inc. (B) | 15,902 | 944,261 |
Textiles, apparel and luxury goods – 1.3% | ||
Carter's, Inc. | 8,989 | 862,764 |
Columbia Sportswear Company | 3,974 | 358,773 |
Hanesbrands, Inc. (B) | 51,952 | 891,496 |
Lululemon Athletica, Inc. (A) | 9,800 | 1,379,154 |
Michael Kors Holdings, Ltd. (A) | 21,608 | 1,197,299 |
PVH Corp. | 9,386 | 1,133,735 |
Ralph Lauren Corp. | 7,682 | 995,664 |
Skechers U.S.A., Inc., Class A (A) | 19,197 | 548,458 |
Tapestry, Inc. | 24,830 | 1,050,557 |
Under Armour, Inc., Class A (A)(B) | 16,066 | 355,219 |
Under Armour, Inc., Class C (A) | 16,521 | 327,611 |
Consumer staples – 3.2% | 21,738,360 | |
Beverages – 0.4% | ||
Brown-Forman Corp., Class A | 1,080 | 50,080 |
Brown-Forman Corp., Class B | 29,739 | 1,378,105 |
Molson Coors Brewing Company, Class B | 14,977 | 958,528 |
National Beverage Corp. (A)(B) | 1,038 | 95,963 |
Food and staples retailing – 0.2% | ||
US Foods Holding Corp. (A) | 34,845 | 1,016,429 |
Food products – 1.9% | ||
Bunge, Ltd. | 16,814 | 1,039,105 |
Campbell Soup Company (B) | 16,601 | 621,043 |
Conagra Brands, Inc. | 51,223 | 1,823,522 |
Flowers Foods, Inc. | 17,376 | 335,531 |
Hormel Foods Corp. (B) | 17,197 | 750,477 |
Ingredion, Inc. | 13,106 | 1,326,065 |
Lamb Weston Holdings, Inc. | 16,440 | 1,284,950 |
McCormick & Company, Inc. | 12,443 | 1,791,792 |
Pilgrim's Pride Corp. (A) | 12,242 | 216,194 |
Post Holdings, Inc. (A) | 11,501 | 1,016,918 |
Seaboard Corp. | 41 | 158,465 |
The Hershey Company | 16,590 | 1,777,619 |
The J.M. Smucker Company | 11,502 | 1,245,897 |
Household products – 0.5% | ||
Church & Dwight Company, Inc. | 22,357 | 1,327,335 |
Spectrum Brands Holdings, Inc. | 4,255 | 276,362 |
The Clorox Company | 12,926 | 1,918,865 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Personal products – 0.2% | ||
Coty, Inc., Class A | 27,873 | $294,060 |
Herbalife Nutrition, Ltd. (A) | 19,434 | 1,035,055 |
Energy – 4.2% | 29,136,884 | |
Energy equipment and services – 0.6% | ||
Core Laboratories NV (B) | 6,642 | 566,164 |
Helmerich & Payne, Inc. | 22,372 | 1,393,552 |
National Oilwell Varco, Inc. | 30,393 | 1,118,462 |
TechnipFMC PLC | 42,599 | 1,120,354 |
Transocean, Ltd. (A)(B) | 31,716 | 349,193 |
Oil, gas and consumable fuels – 3.6% | ||
Antero Resources Corp. (A)(B) | 36,568 | 581,066 |
Apache Corp. | 27,619 | 1,044,827 |
Cabot Oil & Gas Corp. | 40,606 | 983,883 |
Centennial Resource Development, Inc., Class A (A)(B) | 13,392 | 256,591 |
Cheniere Energy, Inc. (A) | 14,720 | 889,235 |
Cimarex Energy Company | 8,360 | 664,369 |
Concho Resources, Inc. (A) | 17,204 | 2,392,904 |
Continental Resources, Inc. (A) | 5,990 | 315,553 |
Devon Energy Corp. | 15,708 | 508,939 |
Diamondback Energy, Inc. (B) | 9,712 | 1,091,240 |
Energen Corp. (A) | 13,980 | 1,006,141 |
EQT Corp. | 24,196 | 821,938 |
Hess Corp. | 14,798 | 849,405 |
HollyFrontier Corp. | 25,619 | 1,727,745 |
Marathon Oil Corp. | 81,997 | 1,557,123 |
Marathon Petroleum Corp. | 26,364 | 1,857,344 |
Murphy Oil Corp. | 36,261 | 1,155,275 |
Newfield Exploration Company (A) | 24,395 | 492,779 |
Noble Energy, Inc. | 48,118 | 1,195,732 |
ONEOK, Inc. | 27,289 | 1,790,158 |
Parsley Energy, Inc., Class A (A) | 28,321 | 663,278 |
PBF Energy, Inc., Class A | 8,260 | 345,681 |
Peabody Energy Corp. | 13,865 | 491,514 |
Tallgrass Energy LP | 6,767 | 147,250 |
Targa Resources Corp. | 14,838 | 766,679 |
Whiting Petroleum Corp. (A) | 4,831 | 180,196 |
WPX Energy, Inc. (A) | 50,643 | 812,314 |
Financials – 14.9% | 103,214,680 | |
Banks – 5.3% | ||
Associated Banc-Corp | 17,527 | 406,276 |
Bank OZK | 19,133 | 523,479 |
BOK Financial Corp. | 4,181 | 358,437 |
CIT Group, Inc. | 29,906 | 1,416,946 |
Citizens Financial Group, Inc. | 53,039 | 1,981,007 |
Comerica, Inc. | 21,704 | 1,770,178 |
Commerce Bancshares, Inc. | 19,008 | 1,208,909 |
Cullen/Frost Bankers, Inc. | 9,218 | 902,627 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 63 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
East West Bancorp, Inc. | 26,308 | $1,379,592 |
Fifth Third Bancorp | 99,424 | 2,683,454 |
First Citizens BancShares, Inc., Class A | 1,068 | 455,641 |
First Horizon National Corp. | 37,643 | 607,558 |
First Republic Bank | 17,678 | 1,608,521 |
FNB Corp. | 33,882 | 400,824 |
Hancock Whitney Corp. | 7,362 | 308,910 |
Huntington Bancshares, Inc. | 141,025 | 2,020,888 |
IBERIABANK Corp. | 6,002 | 447,089 |
KeyCorp | 124,587 | 2,262,500 |
M&T Bank Corp. | 10,919 | 1,806,112 |
PacWest Bancorp | 20,890 | 848,552 |
People's United Financial, Inc. | 55,431 | 868,049 |
Pinnacle Financial Partners, Inc. | 8,128 | 425,094 |
Popular, Inc. | 15,236 | 792,424 |
Prosperity Bancshares, Inc. | 10,571 | 687,432 |
Regions Financial Corp. | 147,990 | 2,511,390 |
Signature Bank | 8,624 | 947,778 |
Sterling Bancorp | 19,767 | 355,411 |
SVB Financial Group (A) | 6,502 | 1,542,469 |
Synovus Financial Corp. | 20,634 | 775,013 |
Texas Capital Bancshares, Inc. (A) | 4,267 | 278,336 |
Umpqua Holdings Corp. | 37,534 | 720,653 |
Webster Financial Corp. | 14,189 | 834,881 |
Western Alliance Bancorp (A) | 15,201 | 733,296 |
Wintrust Financial Corp. | 7,740 | 589,324 |
Zions Bancorp NA | 30,048 | 1,413,758 |
Capital markets – 3.0% | ||
Affiliated Managers Group, Inc. | 6,602 | 750,383 |
Ameriprise Financial, Inc. | 14,957 | 1,903,129 |
Ares Management LP | 4,233 | 83,009 |
BGC Partners, Inc., Class A | 14,279 | 151,215 |
Cboe Global Markets, Inc. | 10,218 | 1,153,101 |
E*TRADE Financial Corp. | 37,577 | 1,857,055 |
Eaton Vance Corp. | 25,690 | 1,157,335 |
FactSet Research Systems, Inc. | 7,551 | 1,689,612 |
Interactive Brokers Group, Inc., Class A | 6,676 | 329,861 |
Invesco, Ltd. | 41,449 | 899,858 |
Janus Henderson Group PLC | 16,480 | 404,914 |
Lazard, Ltd., Class A | 14,390 | 571,859 |
LPL Financial Holdings, Inc. | 9,795 | 603,372 |
MarketAxess Holdings, Inc. | 5,656 | 1,185,894 |
Morningstar, Inc. | 1,016 | 126,797 |
MSCI, Inc. | 12,197 | 1,834,185 |
Nasdaq, Inc. | 14,909 | 1,292,759 |
Northern Trust Corp. | 13,997 | 1,316,698 |
Raymond James Financial, Inc. | 19,033 | 1,459,641 |
SEI Investments Company | 19,059 | 1,018,704 |
T. Rowe Price Group, Inc. | 7,520 | 729,365 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Consumer finance – 0.6% | ||
Ally Financial, Inc. | 89,515 | $2,274,576 |
Credit Acceptance Corp. (A) | 1,562 | 662,944 |
OneMain Holdings, Inc. (A) | 10,126 | 288,794 |
Santander Consumer USA Holdings, Inc. | 31,380 | 588,375 |
SLM Corp. (A) | 61,374 | 622,332 |
Diversified financial services – 0.4% | ||
AXA Equitable Holdings, Inc. | 5,774 | 117,154 |
Jefferies Financial Group, Inc. | 47,087 | 1,010,958 |
Voya Financial, Inc. | 31,348 | 1,371,788 |
Insurance – 5.3% | ||
Alleghany Corp. | 2,372 | 1,424,813 |
American Financial Group, Inc. | 16,198 | 1,620,286 |
Arch Capital Group, Ltd. (A) | 39,810 | 1,129,410 |
Arthur J. Gallagher & Company | 21,835 | 1,616,008 |
Assurant, Inc. | 12,664 | 1,231,067 |
Assured Guaranty, Ltd. | 29,541 | 1,181,049 |
Athene Holding, Ltd., Class A (A) | 22,377 | 1,023,076 |
Axis Capital Holdings, Ltd. | 18,967 | 1,058,169 |
Brighthouse Financial, Inc. (A) | 7,637 | 302,654 |
Brown & Brown, Inc. | 45,305 | 1,276,695 |
Cincinnati Financial Corp. | 16,416 | 1,290,954 |
CNA Financial Corp. | 3,328 | 144,335 |
Enstar Group, Ltd. (A) | 733 | 133,113 |
Erie Indemnity Company, Class A | 3,949 | 512,146 |
Everest Re Group, Ltd. | 5,709 | 1,243,763 |
Fidelity National Financial, Inc. | 30,859 | 1,032,234 |
First American Financial Corp. | 19,779 | 876,803 |
Kemper Corp. | 2,793 | 210,006 |
Lincoln National Corp. | 26,608 | 1,601,536 |
Loews Corp. | 28,204 | 1,313,178 |
Markel Corp. (A) | 1,231 | 1,345,778 |
Old Republic International Corp. | 48,384 | 1,066,867 |
Primerica, Inc. | 4,165 | 457,067 |
Principal Financial Group, Inc. | 35,434 | 1,667,878 |
Reinsurance Group of America, Inc. | 13,923 | 1,982,218 |
RenaissanceRe Holdings, Ltd. | 8,171 | 998,169 |
The Hanover Insurance Group, Inc. | 6,058 | 674,740 |
The Hartford Financial Services Group, Inc. | 41,414 | 1,881,024 |
Torchmark Corp. | 17,287 | 1,463,517 |
Unum Group | 38,798 | 1,406,815 |
W.R. Berkley Corp. | 23,204 | 1,761,184 |
Willis Towers Watson PLC | 12,468 | 1,784,919 |
Thrifts and mortgage finance – 0.3% | ||
Essent Group, Ltd. (A) | 5,647 | 222,605 |
MGIC Investment Corp. (A) | 50,026 | 610,817 |
New York Community Bancorp, Inc. (B) | 83,338 | 798,378 |
Radian Group, Inc. | 22,660 | 434,845 |
TFS Financial Corp. | 7,348 | 108,089 |
64 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care – 11.5% | $79,200,620 | |
Biotechnology – 1.2% | ||
Agios Pharmaceuticals, Inc. (A)(B) | 3,390 | 213,773 |
Alkermes PLC (A) | 18,352 | 749,312 |
Alnylam Pharmaceuticals, Inc. (A) | 5,568 | 447,834 |
BioMarin Pharmaceutical, Inc. (A) | 12,347 | 1,138,023 |
Bluebird Bio, Inc. (A)(B) | 4,297 | 492,866 |
Exact Sciences Corp. (A) | 8,251 | 586,234 |
Exelixis, Inc. (A) | 27,592 | 382,701 |
FibroGen, Inc. (A) | 4,201 | 180,097 |
Immunomedics, Inc. (A)(B) | 4,162 | 93,770 |
Ionis Pharmaceuticals, Inc. (A)(B) | 11,592 | 574,384 |
Ligand Pharmaceuticals, Inc. (A) | 1,085 | 178,819 |
Loxo Oncology, Inc. (A) | 758 | 115,716 |
Neurocrine Biosciences, Inc. (A) | 6,782 | 726,691 |
Sage Therapeutics, Inc. (A) | 2,683 | 345,248 |
Sarepta Therapeutics, Inc. (A) | 1,978 | 264,577 |
Seattle Genetics, Inc. (A) | 7,611 | 427,205 |
United Therapeutics Corp. (A) | 11,335 | 1,256,598 |
Health care equipment and supplies – 3.8% | ||
ABIOMED, Inc. (A) | 4,421 | 1,508,445 |
Align Technology, Inc. (A) | 8,914 | 1,971,777 |
DENTSPLY SIRONA, Inc. | 21,823 | 755,730 |
DexCom, Inc. (A) | 7,206 | 956,741 |
Edwards Lifesciences Corp. (A) | 21,737 | 3,208,381 |
Globus Medical, Inc., Class A (A) | 8,324 | 439,923 |
Haemonetics Corp. (A) | 2,663 | 278,204 |
Hill-Rom Holdings, Inc. | 12,496 | 1,050,664 |
Hologic, Inc. (A) | 41,469 | 1,616,876 |
ICU Medical, Inc. (A) | 1,604 | 408,587 |
IDEXX Laboratories, Inc. (A) | 9,117 | 1,933,898 |
Inogen, Inc. (A) | 809 | 153,362 |
Insulet Corp. (A)(B) | 3,854 | 339,961 |
Integra LifeSciences Holdings Corp. (A) | 6,108 | 327,206 |
LivaNova PLC (A) | 4,892 | 547,855 |
Masimo Corp. (A) | 6,510 | 752,556 |
Neogen Corp. (A) | 2,397 | 145,546 |
Penumbra, Inc. (A) | 1,147 | 155,992 |
ResMed, Inc. | 17,426 | 1,845,762 |
STERIS PLC | 15,938 | 1,742,183 |
Teleflex, Inc. | 5,796 | 1,395,329 |
The Cooper Companies, Inc. | 6,548 | 1,691,414 |
Varian Medical Systems, Inc. (A) | 16,547 | 1,975,215 |
West Pharmaceutical Services, Inc. | 12,306 | 1,303,452 |
Health care providers and services – 3.1% | ||
AmerisourceBergen Corp. | 19,000 | 1,672,000 |
Centene Corp. (A) | 27,037 | 3,523,462 |
Chemed Corp. | 1,109 | 337,502 |
DaVita, Inc. (A) | 27,160 | 1,828,954 |
Encompass Health Corp. | 19,552 | 1,315,850 |
HealthEquity, Inc. (A) | 2,475 | 227,205 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care providers and services (continued) | ||
Henry Schein, Inc. (A) | 21,546 | $1,788,318 |
Laboratory Corp. of America Holdings (A) | 14,865 | 2,386,576 |
MEDNAX, Inc. (A) | 19,972 | 824,644 |
Molina Healthcare, Inc. (A) | 5,069 | 642,597 |
Premier, Inc., Class A (A) | 11,699 | 526,455 |
Quest Diagnostics, Inc. | 23,986 | 2,257,322 |
Universal Health Services, Inc., Class B | 16,790 | 2,040,992 |
WellCare Health Plans, Inc. (A) | 8,391 | 2,315,832 |
Health care technology – 0.7% | ||
athenahealth, Inc. (A) | 6,528 | 832,581 |
Cerner Corp. (A) | 33,991 | 1,947,004 |
Medidata Solutions, Inc. (A) | 4,756 | 334,347 |
Teladoc Health, Inc. (A) | 2,401 | 166,485 |
Veeva Systems, Inc., Class A (A) | 12,534 | 1,144,981 |
Life sciences tools and services – 2.0% | ||
Agilent Technologies, Inc. | 25,597 | 1,658,430 |
Bio-Rad Laboratories, Inc., Class A (A) | 4,019 | 1,096,584 |
Bio-Techne Corp. | 5,744 | 963,384 |
Bruker Corp. | 17,488 | 547,899 |
Charles River Laboratories International, Inc. (A) | 9,805 | 1,194,445 |
IQVIA Holdings, Inc. (A) | 11,643 | 1,431,274 |
Mettler-Toledo International, Inc. (A) | 3,409 | 1,864,109 |
PerkinElmer, Inc. | 19,453 | 1,682,295 |
PRA Health Sciences, Inc. (A) | 7,436 | 720,325 |
Syneos Health, Inc. (A) | 9,198 | 419,705 |
Waters Corp. (A) | 10,192 | 1,933,320 |
Pharmaceuticals – 0.7% | ||
Amneal Pharmaceuticals, Inc. (A)(B) | 3,350 | 61,808 |
Catalent, Inc. (A) | 21,040 | 848,754 |
Jazz Pharmaceuticals PLC (A) | 12,222 | 1,941,098 |
Mylan NV (A) | 32,532 | 1,016,625 |
Nektar Therapeutics (A) | 10,194 | 394,304 |
Perrigo Company PLC (B) | 9,022 | 634,247 |
Industrials – 16.6% | 114,549,824 | |
Aerospace and defense – 2.7% | ||
Arconic, Inc. | 39,060 | 794,090 |
BWX Technologies, Inc. | 13,924 | 813,997 |
Curtiss-Wright Corp. | 6,507 | 712,256 |
Harris Corp. | 17,904 | 2,662,504 |
HEICO Corp. (B) | 4,896 | 410,432 |
HEICO Corp., Class A | 7,547 | 503,083 |
Hexcel Corp. | 17,072 | 999,053 |
Huntington Ingalls Industries, Inc. | 6,658 | 1,454,640 |
L3 Technologies, Inc. | 9,452 | 1,790,870 |
Rockwell Collins, Inc. | 18,118 | 2,319,466 |
Spirit AeroSystems Holdings, Inc., Class A | 16,827 | 1,413,636 |
Teledyne Technologies, Inc. (A) | 5,570 | 1,232,530 |
Textron, Inc. | 35,141 | 1,884,612 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 65 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Aerospace and defense (continued) | ||
TransDigm Group, Inc. (A) | 4,991 | $1,648,278 |
Air freight and logistics – 0.7% | ||
C.H. Robinson Worldwide, Inc. | 18,907 | 1,683,290 |
Expeditors International of Washington, Inc. | 23,553 | 1,582,291 |
XPO Logistics, Inc. (A) | 16,824 | 1,503,729 |
Airlines – 0.9% | ||
Alaska Air Group, Inc. (B) | 21,158 | 1,299,524 |
JetBlue Airways Corp. (A) | 67,191 | 1,124,105 |
United Continental Holdings, Inc. (A) | 44,085 | 3,769,708 |
Building products – 1.0% | ||
Allegion PLC | 14,818 | 1,270,347 |
AO Smith Corp. | 19,255 | 876,680 |
Fortune Brands Home & Security, Inc. | 24,039 | 1,077,668 |
Lennox International, Inc. | 6,474 | 1,365,302 |
Masco Corp. | 25,671 | 770,130 |
Owens Corning | 20,918 | 988,794 |
Trex Company, Inc. (A) | 3,329 | 204,068 |
USG Corp. | 15,982 | 674,760 |
Commercial services and supplies – 1.3% | ||
ADT, Inc. (B) | 14,295 | 110,643 |
Cimpress NV (A)(B) | 1,520 | 189,985 |
Cintas Corp. | 11,714 | 2,130,425 |
Copart, Inc. (A) | 25,167 | 1,230,918 |
KAR Auction Services, Inc. | 25,816 | 1,469,963 |
Republic Services, Inc. | 35,575 | 2,585,591 |
Rollins, Inc. | 11,866 | 702,467 |
Stericycle, Inc. (A) | 9,250 | 462,223 |
Construction and engineering – 0.7% | ||
AECOM (A) | 24,021 | 699,972 |
EMCOR Group, Inc. | 8,317 | 590,341 |
Fluor Corp. | 25,839 | 1,133,299 |
Jacobs Engineering Group, Inc. | 19,093 | 1,433,693 |
Quanta Services, Inc. (A) | 31,480 | 982,176 |
Electrical equipment – 1.2% | ||
Acuity Brands, Inc. | 5,886 | 739,517 |
AMETEK, Inc. | 29,314 | 1,966,383 |
GrafTech International, Ltd. | 2,345 | 41,929 |
Hubbell, Inc. | 12,354 | 1,256,402 |
nVent Electric PLC | 22,252 | 543,394 |
Rockwell Automation, Inc. | 14,585 | 2,402,587 |
Sensata Technologies Holding PLC (A) | 30,661 | 1,438,001 |
Industrial conglomerates – 0.6% | ||
Carlisle Companies, Inc. | 11,395 | 1,100,643 |
Roper Technologies, Inc. | 9,944 | 2,813,158 |
Machinery – 4.1% | ||
AGCO Corp. | 14,731 | 825,525 |
Allison Transmission Holdings, Inc. | 26,552 | 1,170,412 |
Crane Company | 7,060 | 614,502 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Donaldson Company, Inc. | 25,527 | $1,309,025 |
Dover Corp. | 22,317 | 1,848,740 |
Flowserve Corp. | 22,050 | 1,012,095 |
Gardner Denver Holdings, Inc. (A) | 10,044 | 271,791 |
Gates Industrial Corp. PLC (A)(B) | 6,593 | 99,225 |
Graco, Inc. | 26,345 | 1,070,397 |
IDEX Corp. | 9,156 | 1,161,164 |
Ingersoll-Rand PLC | 17,387 | 1,668,109 |
ITT, Inc. | 10,210 | 515,605 |
Lincoln Electric Holdings, Inc. | 9,940 | 804,245 |
Nordson Corp. | 8,935 | 1,096,056 |
Oshkosh Corp. | 12,317 | 691,476 |
Parker-Hannifin Corp. | 17,343 | 2,629,719 |
Pentair PLC | 24,215 | 972,232 |
Snap-on, Inc. | 10,119 | 1,557,719 |
Stanley Black & Decker, Inc. | 17,579 | 2,048,305 |
The Middleby Corp. (A) | 9,053 | 1,016,652 |
The Toro Company | 16,442 | 926,178 |
Trinity Industries, Inc. | 20,673 | 590,214 |
WABCO Holdings, Inc. (A) | 9,392 | 1,009,170 |
Wabtec Corp. (B) | 14,062 | 1,153,365 |
Woodward, Inc. | 8,404 | 618,871 |
Xylem, Inc. | 21,647 | 1,419,610 |
Marine – 0.0% | ||
Kirby Corp. (A) | 5,635 | 405,382 |
Professional services – 1.4% | ||
ASGN, Inc. (A) | 2,689 | 180,378 |
CoStar Group, Inc. (A) | 3,130 | 1,131,245 |
Equifax, Inc. | 15,732 | 1,595,854 |
Insperity, Inc. | 2,261 | 248,371 |
ManpowerGroup, Inc. | 13,346 | 1,018,166 |
Nielsen Holdings PLC | 13,413 | 348,470 |
Robert Half International, Inc. | 22,407 | 1,356,296 |
The Dun & Bradstreet Corp. | 5,976 | 850,265 |
TransUnion | 15,893 | 1,044,965 |
Verisk Analytics, Inc. (A) | 13,968 | 1,673,925 |
Road and rail – 0.8% | ||
AMERCO | 1,629 | 531,836 |
Genesee & Wyoming, Inc., Class A (A) | 9,110 | 721,785 |
J.B. Hunt Transport Services, Inc. | 11,685 | 1,292,478 |
Kansas City Southern | 12,360 | 1,260,226 |
Landstar System, Inc. | 5,046 | 505,054 |
Old Dominion Freight Line, Inc. | 8,063 | 1,051,576 |
Schneider National, Inc., Class B | 10,048 | 219,750 |
Trading companies and distributors – 1.2% | ||
Air Lease Corp. | 15,714 | 598,703 |
Fastenal Company | 29,101 | 1,496,082 |
HD Supply Holdings, Inc. (A) | 31,291 | 1,175,603 |
MSC Industrial Direct Company, Inc., Class A | 8,348 | 676,689 |
66 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Trading companies and distributors (continued) | ||
United Rentals, Inc. (A) | 14,257 | $1,711,838 |
W.W. Grainger, Inc. | 6,534 | 1,855,460 |
Watsco, Inc. | 4,356 | 645,472 |
Information technology – 17.2% | 119,027,654 | |
Communications equipment – 1.4% | ||
Arista Networks, Inc. (A) | 4,830 | 1,112,591 |
ARRIS International PLC (A) | 35,326 | 878,558 |
CommScope Holding Company, Inc. (A) | 39,309 | 945,775 |
EchoStar Corp., Class A (A) | 8,167 | 331,172 |
F5 Networks, Inc. (A) | 11,577 | 2,029,217 |
Juniper Networks, Inc. | 59,734 | 1,748,414 |
Motorola Solutions, Inc. | 15,186 | 1,861,196 |
Palo Alto Networks, Inc. (A) | 4,535 | 830,086 |
Ubiquiti Networks, Inc. (B) | 4,078 | 379,621 |
Electronic equipment, instruments and components – 2.6% | ||
Amphenol Corp., Class A | 32,268 | 2,887,986 |
Arrow Electronics, Inc. (A) | 23,847 | 1,614,680 |
Avnet, Inc. | 26,305 | 1,054,041 |
CDW Corp. | 23,255 | 2,093,183 |
Cognex Corp. | 15,879 | 680,256 |
Coherent, Inc. (A)(B) | 3,132 | 385,674 |
Dolby Laboratories, Inc., Class A | 10,713 | 737,162 |
Flex, Ltd. (A) | 103,710 | 815,170 |
FLIR Systems, Inc. | 24,039 | 1,113,246 |
IPG Photonics Corp. (A) | 5,276 | 704,610 |
Jabil, Inc. | 41,454 | 1,025,157 |
Keysight Technologies, Inc. (A) | 19,830 | 1,131,896 |
Littelfuse, Inc. | 2,453 | 444,385 |
National Instruments Corp. | 16,650 | 815,351 |
Trimble, Inc. (A) | 29,823 | 1,114,784 |
Zebra Technologies Corp., Class A (A) | 7,416 | 1,233,281 |
IT services – 4.6% | ||
Akamai Technologies, Inc. (A) | 26,867 | 1,941,141 |
Alliance Data Systems Corp. | 6,591 | 1,358,932 |
Amdocs, Ltd. | 27,462 | 1,737,521 |
Black Knight, Inc. (A) | 14,760 | 719,845 |
Booz Allen Hamilton Holding Corp. | 21,440 | 1,062,138 |
Broadridge Financial Solutions, Inc. | 15,643 | 1,829,292 |
CACI International, Inc., Class A (A) | 1,931 | 344,606 |
Conduent, Inc. (A) | 10,104 | 192,986 |
EPAM Systems, Inc. (A) | 7,239 | 864,843 |
Euronet Worldwide, Inc. (A) | 8,327 | 925,796 |
First Data Corp., Class A (A) | 40,635 | 761,500 |
FleetCor Technologies, Inc. (A) | 8,514 | 1,703,055 |
Gartner, Inc. (A) | 9,970 | 1,470,774 |
Genpact, Ltd. | 30,811 | 844,530 |
Global Payments, Inc. | 16,805 | 1,919,635 |
GoDaddy, Inc., Class A (A) | 11,408 | 834,723 |
Jack Henry & Associates, Inc. | 9,304 | 1,394,018 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
Leidos Holdings, Inc. | 27,242 | $1,764,737 |
MAXIMUS, Inc. | 11,568 | 751,573 |
Okta, Inc. (A) | 2,584 | 150,802 |
Sabre Corp. | 42,654 | 1,051,421 |
Teradata Corp. (A) | 25,943 | 944,325 |
The Western Union Company | 54,772 | 988,087 |
Total System Services, Inc. | 20,968 | 1,911,233 |
Twilio, Inc., Class A (A) | 2,362 | 177,670 |
VeriSign, Inc. (A) | 9,325 | 1,329,186 |
WEX, Inc. (A) | 5,022 | 883,671 |
Worldpay, Inc., Class A (A) | 19,728 | 1,811,820 |
Semiconductors and semiconductor equipment – 2.9% | ||
Advanced Micro Devices, Inc. (A)(B) | 46,763 | 851,554 |
Cree, Inc. (A) | 5,792 | 224,845 |
Cypress Semiconductor Corp. | 56,570 | 732,016 |
Entegris, Inc. | 19,958 | 529,685 |
First Solar, Inc. (A) | 15,021 | 627,878 |
Integrated Device Technology, Inc. (A) | 8,165 | 382,204 |
KLA-Tencor Corp. | 12,855 | 1,176,747 |
Marvell Technology Group, Ltd. | 82,337 | 1,351,150 |
Maxim Integrated Products, Inc. | 36,882 | 1,844,838 |
Microchip Technology, Inc. (B) | 23,052 | 1,516,361 |
MKS Instruments, Inc. | 9,403 | 692,907 |
Monolithic Power Systems, Inc. | 4,017 | 474,488 |
ON Semiconductor Corp. (A) | 90,603 | 1,540,251 |
Qorvo, Inc. (A) | 20,571 | 1,512,174 |
Skyworks Solutions, Inc. | 23,559 | 2,043,979 |
Teradyne, Inc. | 41,248 | 1,420,994 |
Universal Display Corp. (B) | 2,868 | 352,793 |
Versum Materials, Inc. | 4,236 | 133,688 |
Xilinx, Inc. | 30,940 | 2,641,348 |
Software – 4.6% | ||
2U, Inc. (A)(B) | 3,985 | 250,696 |
ANSYS, Inc. (A) | 11,597 | 1,734,331 |
Aspen Technology, Inc. (A) | 8,070 | 685,062 |
Atlassian Corp. PLC, Class A (A) | 5,884 | 446,654 |
Blackbaud, Inc. | 5,696 | 408,517 |
CA, Inc. | 46,006 | 2,040,826 |
Cadence Design Systems, Inc. (A) | 34,414 | 1,533,832 |
CDK Global, Inc. | 20,638 | 1,181,319 |
Ceridian HCM Holding, Inc. (A)(B) | 1,413 | 53,652 |
Citrix Systems, Inc. (A) | 18,449 | 1,890,469 |
Dell Technologies, Inc., Class V (A) | 21,749 | 1,965,892 |
DocuSign, Inc. (A)(B) | 656 | 27,513 |
Dropbox, Inc., Class A (A) | 1,725 | 40,486 |
Fair Isaac Corp. (A) | 5,358 | 1,032,540 |
Fortinet, Inc. (A) | 15,132 | 1,243,548 |
Guidewire Software, Inc. (A) | 8,888 | 790,765 |
HubSpot, Inc. (A) | 1,150 | 155,998 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 67 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
LogMeIn, Inc. | 6,750 | $581,310 |
New Relic, Inc. (A) | 1,451 | 129,502 |
Nuance Communications, Inc. (A) | 46,352 | 806,061 |
Nutanix, Inc., Class A (A) | 6,449 | 267,698 |
Paycom Software, Inc. (A)(B) | 5,648 | 707,130 |
Pegasystems, Inc. | 3,465 | 185,447 |
Pivotal Software, Inc., Class A (A) | 2,234 | 45,574 |
Proofpoint, Inc. (A) | 3,222 | 293,041 |
PTC, Inc. (A) | 12,760 | 1,051,552 |
RealPage, Inc. (A) | 6,653 | 352,609 |
Red Hat, Inc. (A) | 16,013 | 2,748,471 |
RingCentral, Inc., Class A (A) | 3,401 | 264,360 |
Splunk, Inc. (A) | 10,663 | 1,064,594 |
SS&C Technologies Holdings, Inc. | 29,959 | 1,532,702 |
Symantec Corp. | 65,717 | 1,192,764 |
Synopsys, Inc. (A) | 21,816 | 1,953,186 |
Tableau Software, Inc., Class A (A) | 6,663 | 710,809 |
The Trade Desk, Inc., Class A (A) | 1,620 | 200,151 |
The Ultimate Software Group, Inc. (A) | 3,678 | 980,665 |
Tyler Technologies, Inc. (A) | 4,995 | 1,057,242 |
Zendesk, Inc. (A) | 5,680 | 312,230 |
Zscaler, Inc. (A) | 580 | 21,048 |
Technology hardware, storage and peripherals – 1.1% | ||
NetApp, Inc. | 37,096 | 2,911,665 |
Pure Storage, Inc., Class A (A) | 8,378 | 169,068 |
Seagate Technology PLC (B) | 39,068 | 1,571,706 |
Western Digital Corp. | 41,133 | 1,771,598 |
Xerox Corp. | 35,024 | 976,119 |
Materials – 5.9% | 40,908,035 | |
Chemicals – 2.3% | ||
Albemarle Corp. (B) | 11,857 | 1,176,452 |
Ashland Global Holdings, Inc. | 11,610 | 858,908 |
Axalta Coating Systems, Ltd. (A) | 34,134 | 842,427 |
Celanese Corp. | 17,257 | 1,672,894 |
CF Industries Holdings, Inc. | 29,709 | 1,426,923 |
Eastman Chemical Company | 18,948 | 1,484,576 |
FMC Corp. | 14,736 | 1,150,587 |
Huntsman Corp. | 40,602 | 888,372 |
International Flavors & Fragrances, Inc. | 8,935 | 1,292,537 |
NewMarket Corp. | 1,610 | 621,396 |
Olin Corp. | 25,792 | 520,998 |
RPM International, Inc. | 23,812 | 1,456,580 |
The Chemours Company | 17,254 | 569,555 |
The Mosaic Company | 34,150 | 1,056,601 |
W.R. Grace & Company | 10,927 | 707,960 |
Westlake Chemical Corp. | 5,806 | 413,968 |
Construction materials – 0.5% | ||
Eagle Materials, Inc. | 7,523 | 555,498 |
Martin Marietta Materials, Inc. | 6,666 | 1,141,752 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Construction materials (continued) | ||
Vulcan Materials Company | 15,945 | $1,612,677 |
Containers and packaging – 1.8% | ||
AptarGroup, Inc. | 12,323 | 1,256,453 |
Avery Dennison Corp. | 12,496 | 1,133,637 |
Ball Corp. | 35,608 | 1,595,238 |
Bemis Company, Inc. | 18,279 | 836,630 |
Berry Global Group, Inc. (A) | 20,610 | 899,008 |
Crown Holdings, Inc. (A)(B) | 21,572 | 912,280 |
Graphic Packaging Holding Company | 73,051 | 804,292 |
Packaging Corp. of America | 17,290 | 1,587,395 |
Sealed Air Corp. | 27,586 | 892,683 |
Sonoco Products Company | 26,382 | 1,439,930 |
WestRock Company | 22,476 | 965,794 |
Metals and mining – 1.3% | ||
Alcoa Corp. (A) | 35,896 | 1,256,001 |
Freeport-McMoRan, Inc. | 62,411 | 727,088 |
Newmont Mining Corp. | 46,229 | 1,429,401 |
Nucor Corp. | 31,200 | 1,844,544 |
Reliance Steel & Aluminum Company | 14,068 | 1,110,247 |
Royal Gold, Inc. | 8,183 | 627,063 |
Steel Dynamics, Inc. | 35,544 | 1,407,542 |
United States Steel Corp. | 27,597 | 732,148 |
Real estate – 5.9% | 40,546,905 | |
Equity real estate investment trusts – 5.4% | ||
Alexandria Real Estate Equities, Inc. | 8,192 | 1,001,308 |
American Campus Communities, Inc. | 14,998 | 592,571 |
American Homes 4 Rent, Class A | 23,392 | 492,869 |
Apartment Investment & Management Company, Class A | 18,107 | 779,325 |
Brixmor Property Group, Inc. | 30,005 | 486,081 |
Camden Property Trust | 10,200 | 920,754 |
CoreSite Realty Corp. | 3,469 | 325,600 |
CubeSmart | 20,057 | 581,252 |
CyrusOne, Inc. | 9,356 | 498,020 |
Digital Realty Trust, Inc. | 12,860 | 1,327,924 |
Douglas Emmett, Inc. | 17,479 | 632,565 |
Duke Realty Corp. | 38,287 | 1,055,573 |
EPR Properties | 7,467 | 513,282 |
Equity LifeStyle Properties, Inc. | 9,214 | 872,474 |
Essex Property Trust, Inc. | 4,522 | 1,134,027 |
Extra Space Storage, Inc. | 11,671 | 1,051,090 |
Federal Realty Investment Trust | 7,296 | 905,069 |
Forest City Realty Trust, Inc., Class A | 27,573 | 693,737 |
Gaming and Leisure Properties, Inc. | 21,438 | 722,246 |
HCP, Inc. | 23,023 | 634,284 |
Healthcare Trust of America, Inc., Class A | 19,118 | 502,039 |
Highwoods Properties, Inc. | 11,457 | 488,526 |
Hospitality Properties Trust | 18,268 | 468,026 |
Host Hotels & Resorts, Inc. | 50,844 | 971,629 |
68 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Hudson Pacific Properties, Inc. | 15,651 | $474,225 |
Invitation Homes, Inc. | 17,360 | 379,837 |
Iron Mountain, Inc. | 28,426 | 870,120 |
Kilroy Realty Corp. | 11,335 | 780,755 |
Kimco Realty Corp. | 39,227 | 631,162 |
Lamar Advertising Company, Class A | 11,911 | 873,315 |
Liberty Property Trust | 16,779 | 702,537 |
Medical Properties Trust, Inc. | 35,908 | 533,593 |
MGM Growth Properties LLC, Class A | 6,818 | 192,881 |
Mid-America Apartment Communities, Inc. | 8,539 | 834,346 |
National Retail Properties, Inc. | 16,761 | 783,577 |
Omega Healthcare Investors, Inc. | 21,778 | 726,296 |
Park Hotels & Resorts, Inc. | 16,317 | 474,335 |
Rayonier, Inc. | 5,874 | 177,395 |
Realty Income Corp. | 17,730 | 1,068,587 |
Regency Centers Corp. | 11,162 | 707,224 |
SBA Communications Corp. (A) | 11,512 | 1,866,901 |
SL Green Realty Corp. | 8,059 | 735,464 |
STORE Capital Corp. | 18,480 | 536,474 |
Sun Communities, Inc. | 8,288 | 832,695 |
The Macerich Company | 12,282 | 633,997 |
UDR, Inc. | 26,633 | 1,043,747 |
VEREIT, Inc. | 96,501 | 707,352 |
VICI Properties, Inc. | 19,390 | 418,630 |
Vornado Realty Trust | 6,775 | 461,242 |
Weyerhaeuser Company | 61,113 | 1,627,439 |
WP Carey, Inc. | 11,765 | 776,608 |
Real estate management and development – 0.5% | ||
CBRE Group, Inc., Class A (A) | 34,872 | 1,404,993 |
Jones Lang LaSalle, Inc. | 7,657 | 1,012,715 |
The Howard Hughes Corp. (A) | 5,633 | 628,192 |
Utilities – 5.8% | 40,240,937 | |
Electric utilities – 2.4% | ||
Alliant Energy Corp. | 30,501 | 1,310,933 |
Avangrid, Inc. | 4,223 | 198,523 |
Entergy Corp. | 23,135 | 1,942,183 |
Evergy, Inc. | 36,906 | 2,066,367 |
Eversource Energy | 29,701 | 1,878,885 |
FirstEnergy Corp. (B) | 59,383 | 2,213,798 |
IDACORP, Inc. | 6,536 | 609,547 |
OGE Energy Corp. | 42,414 | 1,533,266 |
Pinnacle West Capital Corp. | 20,592 | 1,693,692 |
Xcel Energy, Inc. | 58,295 | 2,857,038 |
Gas utilities – 0.6% | ||
Atmos Energy Corp. | 15,939 | 1,483,602 |
National Fuel Gas Company | 12,189 | 661,741 |
UGI Corp. | 35,099 | 1,862,353 |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Independent power and renewable electricity producers –0.5% | ||
AES Corp. | 132,102 | $1,926,047 |
NRG Energy, Inc. | 30,553 | 1,105,713 |
Vistra Energy Corp. (A) | 26,683 | 603,836 |
Multi-utilities – 2.0% | ||
Ameren Corp. | 30,987 | 2,001,140 |
CenterPoint Energy, Inc. | 56,401 | 1,523,391 |
CMS Energy Corp. | 34,646 | 1,715,670 |
DTE Energy Company | 19,470 | 2,188,428 |
MDU Resources Group, Inc. | 39,130 | 976,685 |
NiSource, Inc. | 79,318 | 2,011,504 |
SCANA Corp. | 21,637 | 866,562 |
Vectren Corp. | 13,649 | 976,313 |
WEC Energy Group, Inc. | 25,168 | 1,721,491 |
Water utilities – 0.3% | ||
American Water Works Company, Inc. | 18,434 | 1,631,962 |
Aqua America, Inc. | 20,912 | 680,267 |
SECURITIES LENDING COLLATERAL – 2.1% | $14,354,270 | |
(Cost $14,356,227) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 1,434,953 | 14,354,270 |
SHORT-TERM INVESTMENTS – 0.1% | $562,613 | |
(Cost $562,613) | ||
Money market funds – 0.1% | 562,613 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 562,613 | 562,613 |
Total investments (Multifactor Mid Cap ETF) (Cost $708,032,015) 102.1% | $705,044,684 | |
Other assets and liabilities, net (2.1%) | (14,408,372) | |
Total net assets 100.0% | $690,636,312 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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% | $325,365,195 | |
(Cost $342,122,672) | ||
Communication services – 3.5% | 11,258,529 | |
Diversified telecommunication services – 0.2% | ||
Intelsat SA (A) | 11,327 | 295,182 |
Vonage Holdings Corp. (A) | 36,188 | 479,853 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 69 |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Entertainment – 0.5% | ||
Cinemark Holdings, Inc. | 22,718 | $944,387 |
Zynga, Inc., Class A (A) | 190,772 | 694,410 |
Interactive media and services – 0.4% | ||
CarGurus, Inc. (A) | 9,343 | 415,016 |
Yelp, Inc. (A) | 19,106 | 818,119 |
Media – 2.1% | ||
AMC Networks, Inc., Class A (A) | 11,830 | 693,001 |
Cable One, Inc. | 1,122 | 1,005,020 |
GCI Liberty, Inc., Class A (A) | 19,599 | 927,621 |
John Wiley & Sons, Inc., Class A | 12,406 | 672,901 |
Nexstar Media Group, Inc., Class A | 10,281 | 769,944 |
Sinclair Broadcast Group, Inc., Class A | 17,523 | 501,859 |
TEGNA, Inc. | 45,336 | 523,177 |
The New York Times Company, Class A | 30,944 | 816,922 |
Tribune Media Company, Class A | 19,072 | 724,927 |
Wireless telecommunication services – 0.3% | ||
Telephone & Data Systems, Inc. | 26,820 | 826,861 |
United States Cellular Corp. (A) | 3,126 | 149,329 |
Consumer discretionary – 11.4% | 37,235,763 | |
Auto components – 0.9% | ||
Dana, Inc. | 41,784 | 650,577 |
Delphi Technologies PLC | 21,640 | 463,962 |
Dorman Products, Inc. (A) | 7,209 | 569,583 |
Veoneer, Inc. (A)(B) | 12,888 | 432,779 |
Visteon Corp. (A) | 9,807 | 775,145 |
Automobiles – 0.1% | ||
Thor Industries, Inc. | 3,111 | 216,650 |
Diversified consumer services – 1.3% | ||
Adtalem Global Education, Inc. (A) | 12,921 | 654,190 |
Graham Holdings Company, Class B | 1,079 | 626,953 |
Grand Canyon Education, Inc. (A) | 11,042 | 1,376,937 |
Laureate Education, Inc., Class A (A) | 17,559 | 261,454 |
Sotheby's (A) | 9,240 | 388,080 |
Strategic Education, Inc. | 3,636 | 457,482 |
Weight Watchers International, Inc. (A) | 8,808 | 582,209 |
Hotels, restaurants and leisure – 3.4% | ||
Boyd Gaming Corp. | 21,134 | 561,319 |
Choice Hotels International, Inc. | 8,753 | 642,470 |
Churchill Downs, Inc. | 3,369 | 840,936 |
Cracker Barrel Old Country Store, Inc. (B) | 5,967 | 946,844 |
Eldorado Resorts, Inc. (A)(B) | 11,848 | 432,452 |
Extended Stay America, Inc. | 45,922 | 747,610 |
Hilton Grand Vacations, Inc. (A) | 20,106 | 540,248 |
International Game Technology PLC | 22,181 | 411,458 |
Jack in the Box, Inc. | 8,232 | 649,752 |
Marriott Vacations Worldwide Corp. | 5,156 | 456,254 |
Penn National Gaming, Inc. (A) | 14,489 | 351,793 |
Planet Fitness, Inc., Class A (A) | 20,632 | 1,012,825 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Red Rock Resorts, Inc., Class A | 17,558 | $406,292 |
Scientific Games Corp. (A) | 14,941 | 332,587 |
Six Flags Entertainment Corp. | 2,036 | 109,659 |
Texas Roadhouse, Inc. | 14,977 | 905,509 |
The Wendy's Company | 61,866 | 1,066,570 |
Wyndham Destinations, Inc. | 17,569 | 630,376 |
Household durables – 0.5% | ||
Helen of Troy, Ltd. (A) | 6,861 | 851,587 |
iRobot Corp. (A)(B) | 4,164 | 367,140 |
Tempur Sealy International, Inc. (A) | 10,841 | 500,963 |
Internet and direct marketing retail – 0.7% | ||
Etsy, Inc. (A) | 5,180 | 220,254 |
Groupon, Inc. (A) | 86,118 | 281,606 |
Liberty Expedia Holdings, Inc., Series A (A) | 12,880 | 559,250 |
Shutterfly, Inc. (A) | 6,715 | 335,750 |
Stamps.com, Inc. (A) | 3,623 | 732,462 |
Stitch Fix, Inc., Class A (A)(B) | 3,652 | 96,267 |
Leisure products – 0.2% | ||
Mattel, Inc. (A)(B) | 55,262 | 750,458 |
Multiline retail – 0.3% | ||
Ollie's Bargain Outlet Holdings, Inc. (A) | 11,198 | 1,040,294 |
Specialty retail – 2.7% | ||
Aaron's, Inc. | 14,467 | 681,830 |
American Eagle Outfitters, Inc. | 45,334 | 1,045,402 |
AutoNation, Inc. (A) | 13,416 | 543,080 |
Dick's Sporting Goods, Inc. (B) | 11,866 | 419,700 |
DSW, Inc., Class A | 11,326 | 300,705 |
Floor & Decor Holdings, Inc., Class A (A)(B) | 9,279 | 237,357 |
Foot Locker, Inc. | 4,156 | 195,914 |
Murphy USA, Inc. (A) | 9,254 | 746,150 |
National Vision Holdings, Inc. (A) | 8,315 | 344,490 |
Penske Automotive Group, Inc. | 12,371 | 549,025 |
RH (A)(B) | 3,641 | 421,300 |
Signet Jewelers, Ltd. | 13,896 | 778,871 |
The Michaels Companies, Inc. (A)(B) | 29,400 | 465,990 |
Urban Outfitters, Inc. (A) | 22,159 | 874,394 |
Williams-Sonoma, Inc. (B) | 18,085 | 1,073,887 |
Textiles, apparel and luxury goods – 1.3% | ||
Carter's, Inc. | 8,757 | 840,497 |
Deckers Outdoor Corp. (A) | 7,439 | 946,018 |
Skechers U.S.A., Inc., Class A (A) | 23,731 | 677,995 |
Steven Madden, Ltd. | 25,673 | 802,795 |
Wolverine World Wide, Inc. | 29,951 | 1,053,377 |
Consumer staples – 3.6% | 11,851,007 | |
Beverages – 0.2% | ||
National Beverage Corp. (A)(B) | 2,601 | 240,462 |
The Boston Beer Company, Inc., Class A (A) | 1,402 | 430,821 |
70 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Food and staples retailing – 1.0% | ||
BJ's Wholesale Club Holdings, Inc. (A) | 6,228 | $137,950 |
Casey's General Stores, Inc. | 8,779 | 1,107,120 |
Performance Food Group Company (A) | 23,734 | 695,881 |
PriceSmart, Inc. | 5,666 | 397,470 |
Sprouts Farmers Market, Inc. (A) | 29,350 | 789,222 |
Food products – 1.4% | ||
Darling Ingredients, Inc. (A) | 40,193 | 830,387 |
Flowers Foods, Inc. | 43,854 | 846,821 |
J&J Snack Foods Corp. | 3,582 | 559,365 |
Lancaster Colony Corp. | 6,184 | 1,059,814 |
Sanderson Farms, Inc. (B) | 5,128 | 504,544 |
Seaboard Corp. | 80 | 309,200 |
The Hain Celestial Group, Inc. (A) | 23,227 | 577,888 |
Household products – 0.4% | ||
Energizer Holdings, Inc. | 14,411 | 846,934 |
Spectrum Brands Holdings, Inc. | 7,735 | 502,388 |
Personal products – 0.6% | ||
Edgewell Personal Care Company (A) | 11,864 | 569,235 |
Medifast, Inc. | 1,751 | 370,652 |
Nu Skin Enterprises, Inc., Class A | 11,874 | 833,792 |
USANA Health Sciences, Inc. (A) | 2,060 | 241,061 |
Energy – 4.4% | 14,287,513 | |
Energy equipment and services – 1.5% | ||
Apergy Corp. (A) | 12,422 | 484,334 |
Core Laboratories NV (B) | 10,542 | 898,600 |
Ensco PLC, Class A | 71,337 | 509,346 |
KLX Energy Services Holdings, Inc. (A) | 4,686 | 135,379 |
McDermott International, Inc. (A) | 30,518 | 235,904 |
Oceaneering International, Inc. (A) | 16,069 | 304,347 |
Patterson-UTI Energy, Inc. | 46,462 | 773,128 |
RPC, Inc. (B) | 15,469 | 230,179 |
Transocean, Ltd. (A)(B) | 106,807 | 1,175,945 |
Weatherford International PLC (A)(B) | 40,603 | 54,814 |
Oil, gas and consumable fuels – 2.9% | ||
Antero Midstream GP LP | 17,500 | 281,925 |
Centennial Resource Development, Inc., Class A (A)(B) | 25,343 | 485,572 |
Chesapeake Energy Corp. (A)(B) | 162,671 | 570,975 |
CNX Resources Corp. (A) | 42,118 | 659,147 |
CVR Energy, Inc. | 5,188 | 223,084 |
Delek US Holdings, Inc. | 19,081 | 700,654 |
EnLink Midstream LLC | 13,919 | 180,947 |
Jagged Peak Energy, Inc. (A)(B) | 12,374 | 152,448 |
Kosmos Energy, Ltd. (A) | 39,816 | 258,406 |
Magnolia Oil & Gas Corp. (A) | 15,490 | 192,851 |
Matador Resources Company (A) | 23,198 | 669,030 |
Murphy Oil Corp. | 37,653 | 1,199,625 |
Oasis Petroleum, Inc. (A) | 44,921 | 451,905 |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Oil, gas and consumable fuels (continued) | ||
PDC Energy, Inc. (A) | 13,960 | $592,602 |
Peabody Energy Corp. | 18,019 | 638,774 |
Range Resources Corp. | 43,909 | 695,958 |
SM Energy Company | 16,558 | 403,022 |
Southwestern Energy Company (A) | 99,730 | 532,558 |
Whiting Petroleum Corp. (A) | 15,980 | 596,054 |
Financials – 17.5% | 56,969,864 | |
Banks – 9.4% | ||
Associated Banc-Corp | 46,942 | 1,088,116 |
BancorpSouth Bank | 20,650 | 592,655 |
Bank of Hawaii Corp. | 12,858 | 1,008,582 |
Bank OZK | 19,603 | 536,338 |
BankUnited, Inc. | 24,725 | 818,398 |
Cathay General Bancorp | 18,530 | 698,025 |
Chemical Financial Corp. | 16,506 | 773,471 |
Columbia Banking System, Inc. | 16,532 | 613,172 |
Community Bank System, Inc. | 11,840 | 691,338 |
CVB Financial Corp. | 24,222 | 529,251 |
First Citizens BancShares, Inc., Class A | 1,882 | 802,918 |
First Financial Bancorp | 15,521 | 406,185 |
First Financial Bankshares, Inc. (B) | 14,920 | 880,131 |
First Hawaiian, Inc. | 18,581 | 460,437 |
First Interstate Bancsystem, Inc., Class A | 5,681 | 235,534 |
First Midwest Bancorp, Inc. | 23,222 | 533,177 |
FNB Corp. | 75,237 | 890,054 |
Fulton Financial Corp. | 57,221 | 916,108 |
Glacier Bancorp, Inc. | 18,595 | 788,428 |
Great Western Bancorp, Inc. | 9,300 | 340,845 |
Hancock Whitney Corp. | 23,765 | 997,179 |
Home BancShares, Inc. | 35,039 | 667,143 |
IBERIABANK Corp. | 12,423 | 925,389 |
International Bancshares Corp. | 12,893 | 498,959 |
Investors Bancorp, Inc. | 73,190 | 818,264 |
MB Financial, Inc. | 18,534 | 822,724 |
Old National Bancorp | 35,070 | 626,000 |
Pinnacle Financial Partners, Inc. | 14,463 | 756,415 |
Popular, Inc. | 25,828 | 1,343,314 |
Prosperity Bancshares, Inc. | 13,924 | 905,478 |
Simmons First National Corp., Class A | 18,057 | 483,566 |
South State Corp. | 8,728 | 590,624 |
Sterling Bancorp | 41,796 | 751,492 |
TCF Financial Corp. | 41,727 | 871,260 |
Texas Capital Bancshares, Inc. (A) | 11,343 | 739,904 |
The Bank of NT Butterfield & Son, Ltd. | 11,324 | 456,244 |
UMB Financial Corp. | 10,329 | 659,507 |
Umpqua Holdings Corp. | 53,181 | 1,021,075 |
Union Bankshares Corp. | 9,311 | 317,878 |
United Bankshares, Inc. (B) | 23,184 | 769,013 |
Valley National Bancorp | 71,688 | 715,446 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 71 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
WesBanco, Inc. | 8,787 | $352,359 |
Wintrust Financial Corp. | 12,913 | 983,196 |
Capital markets – 1.5% | ||
Ares Management LP | 11,935 | 234,045 |
Artisan Partners Asset Management, Inc., Class A | 12,342 | 338,294 |
Evercore, Inc., Class A | 9,826 | 802,686 |
Focus Financial Partners, Inc., Class A (A) | 2,604 | 99,473 |
Hamilton Lane, Inc., Class A | 2,093 | 80,329 |
Houlihan Lokey, Inc. | 7,232 | 297,814 |
Interactive Brokers Group, Inc., Class A | 16,491 | 814,820 |
Legg Mason, Inc. | 26,791 | 756,042 |
Moelis & Company, Class A | 9,782 | 394,802 |
Stifel Financial Corp. | 17,496 | 799,917 |
Virtu Financial, Inc., Class A | 5,162 | 122,443 |
Consumer finance – 1.2% | ||
FirstCash, Inc. | 10,853 | 872,581 |
Green Dot Corp., Class A (A) | 10,291 | 779,440 |
Navient Corp. | 60,334 | 698,668 |
OneMain Holdings, Inc. (A) | 18,018 | 513,873 |
SLM Corp. (A) | 99,618 | 1,010,127 |
Insurance – 3.8% | ||
American Equity Investment Life Holding Company | 21,134 | 659,803 |
American National Insurance Company | 2,578 | 317,713 |
AmTrust Financial Services, Inc. | 21,763 | 312,081 |
Assured Guaranty, Ltd. | 26,774 | 1,070,425 |
Axis Capital Holdings, Ltd. | 20,101 | 1,121,435 |
Enstar Group, Ltd. (A) | 2,589 | 470,162 |
Kemper Corp. | 10,881 | 818,142 |
Mercury General Corp. | 7,702 | 456,806 |
National General Holdings Corp. | 10,310 | 287,237 |
Primerica, Inc. | 12,378 | 1,358,362 |
ProAssurance Corp. | 16,995 | 746,420 |
RenaissanceRe Holdings, Ltd. | 7,211 | 880,896 |
RLI Corp. | 11,889 | 878,954 |
Selective Insurance Group, Inc. | 13,888 | 900,637 |
The Hanover Insurance Group, Inc. | 12,059 | 1,343,131 |
White Mountains Insurance Group, Ltd. | 988 | 876,030 |
Mortgage real estate investment trusts – 0.1% | ||
Colony Credit Real Estate, Inc. | 18,579 | 396,476 |
Thrifts and mortgage finance – 1.5% | ||
Essent Group, Ltd. (A) | 19,087 | 752,410 |
LendingTree, Inc. (A)(B) | 1,878 | 378,774 |
MGIC Investment Corp. (A) | 82,473 | 1,006,995 |
New York Community Bancorp, Inc. (B) | 77,441 | 741,885 |
Radian Group, Inc. | 50,027 | 960,018 |
TFS Financial Corp. | 12,861 | 189,185 |
Washington Federal, Inc. | 26,809 | 754,941 |
Shares or Principal Amount | Value | |
Health care – 8.8% | $28,697,838 | |
Biotechnology – 2.3% | ||
Agios Pharmaceuticals, Inc. (A)(B) | 11,610 | 732,127 |
Blueprint Medicines Corp. (A) | 8,746 | 531,494 |
Emergent BioSolutions, Inc. (A) | 7,208 | 441,058 |
FibroGen, Inc. (A) | 16,525 | 708,427 |
Halozyme Therapeutics, Inc. (A) | 29,889 | 464,176 |
Heron Therapeutics, Inc. (A) | 10,897 | 302,501 |
Immunomedics, Inc. (A)(B) | 21,720 | 489,352 |
Ironwood Pharmaceuticals, Inc. (A) | 22,724 | 297,684 |
Ligand Pharmaceuticals, Inc. (A)(B) | 4,865 | 801,801 |
Loxo Oncology, Inc. (A) | 3,775 | 576,292 |
Myriad Genetics, Inc. (A) | 12,394 | 558,102 |
OPKO Health, Inc. (A)(B) | 54,695 | 184,869 |
Ultragenyx Pharmaceutical, Inc. (A) | 9,296 | 450,391 |
United Therapeutics Corp. (A) | 7,751 | 859,276 |
Health care equipment and supplies – 2.6% | ||
Avanos Medical, Inc. (A) | 7,718 | 436,839 |
Cantel Medical Corp. | 9,260 | 732,929 |
Globus Medical, Inc., Class A (A) | 17,010 | 898,979 |
Haemonetics Corp. (A) | 12,382 | 1,293,548 |
Inogen, Inc. (A) | 4,132 | 783,303 |
Integra LifeSciences Holdings Corp. (A) | 15,969 | 855,459 |
Merit Medical Systems, Inc. (A) | 8,753 | 499,971 |
Neogen Corp. (A) | 12,359 | 750,438 |
NuVasive, Inc. (A) | 11,883 | 667,468 |
Penumbra, Inc. (A) | 5,180 | 704,480 |
Quidel Corp. (A) | 5,652 | 363,763 |
Wright Medical Group NV (A) | 19,605 | 528,923 |
Health care providers and services – 2.0% | ||
Acadia Healthcare Company, Inc. (A) | 19,130 | 793,895 |
Amedisys, Inc. (A) | 4,534 | 498,740 |
AMN Healthcare Services, Inc. (A) | 10,862 | 549,834 |
Chemed Corp. | 3,915 | 1,191,452 |
HealthEquity, Inc. (A) | 12,376 | 1,136,117 |
LHC Group, Inc. (A) | 4,622 | 422,589 |
MEDNAX, Inc. (A) | 15,976 | 659,649 |
Premier, Inc., Class A (A) | 12,894 | 580,230 |
Select Medical Holdings Corp. (A) | 23,225 | 385,071 |
Tenet Healthcare Corp. (A) | 17,547 | 451,484 |
Health care technology – 0.9% | ||
Allscripts Healthcare Solutions, Inc. (A) | 45,849 | 546,062 |
HMS Holdings Corp. (A) | 12,962 | 373,565 |
Medidata Solutions, Inc. (A) | 13,943 | 980,193 |
Omnicell, Inc. (A) | 6,185 | 437,280 |
Teladoc Health, Inc. (A) | 10,323 | 715,797 |
Life sciences tools and services – 0.5% | ||
Bruker Corp. | 26,796 | 839,519 |
Syneos Health, Inc. (A) | 14,401 | 657,118 |
Pharmaceuticals – 0.5% | ||
Endo International PLC (A) | 32,554 | 551,465 |
72 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Pharmaceuticals (continued) | ||
Horizon Pharma PLC (A) | 37,151 | $676,520 |
Mallinckrodt PLC (A) | 13,472 | 337,608 |
Industrials – 15.2% | 49,417,222 | |
Aerospace and defense – 0.4% | ||
Aerojet Rocketdyne Holdings, Inc. (A) | 10,835 | 382,692 |
Mercury Systems, Inc. (A) | 7,751 | 363,212 |
Moog, Inc., Class A | 7,738 | 553,654 |
Airlines – 0.5% | ||
SkyWest, Inc. | 12,406 | 710,740 |
Spirit Airlines, Inc. (A) | 16,991 | 881,833 |
Building products – 0.7% | ||
Armstrong World Industries, Inc. (A) | 11,317 | 698,825 |
JELD-WEN Holding, Inc. (A) | 15,499 | 252,014 |
Simpson Manufacturing Company, Inc. | 9,271 | 529,189 |
Trex Company, Inc. (A) | 13,380 | 820,194 |
Commercial services and supplies – 2.0% | ||
Cimpress NV (A)(B) | 5,462 | 682,695 |
Clean Harbors, Inc. (A) | 12,916 | 878,805 |
Deluxe Corp. | 13,370 | 631,198 |
Healthcare Services Group, Inc. (B) | 17,538 | 711,867 |
MSA Safety, Inc. | 7,983 | 833,745 |
Stericycle, Inc. (A) | 13,463 | 672,746 |
Tetra Tech, Inc. | 12,915 | 852,907 |
The Brink's Company | 11,354 | 752,997 |
UniFirst Corp. | 3,626 | 541,362 |
Construction and engineering – 1.6% | ||
AECOM (A) | 27,875 | 812,278 |
Dycom Industries, Inc. (A) | 7,253 | 492,334 |
EMCOR Group, Inc. | 17,567 | 1,246,906 |
KBR, Inc. | 22,774 | 450,470 |
MasTec, Inc. (A) | 16,529 | 719,177 |
Quanta Services, Inc. (A) | 26,331 | 821,527 |
Valmont Industries, Inc. | 5,659 | 703,470 |
Electrical equipment – 1.1% | ||
EnerSys | 13,396 | 1,065,920 |
Generac Holdings, Inc. (A) | 16,497 | 836,893 |
nVent Electric PLC | 28,398 | 693,479 |
Regal Beloit Corp. | 11,876 | 851,509 |
Machinery – 4.1% | ||
AGCO Corp. | 10,317 | 578,165 |
Barnes Group, Inc. | 11,893 | 673,144 |
Colfax Corp. (A) | 21,145 | 592,694 |
Crane Company | 1,296 | 112,804 |
Gates Industrial Corp. PLC (A) | 8,804 | 132,500 |
Hillenbrand, Inc. | 14,467 | 692,969 |
ITT, Inc. | 25,263 | 1,275,782 |
John Bean Technologies Corp. | 7,226 | 751,287 |
Kennametal, Inc. | 19,096 | 676,953 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Navistar International Corp. (A) | 11,891 | $398,230 |
Oshkosh Corp. | 11,399 | 639,940 |
Proto Labs, Inc. (A) | 5,931 | 708,458 |
RBC Bearings, Inc. (A) | 5,676 | 838,232 |
Rexnord Corp. (A) | 25,288 | 677,971 |
Terex Corp. | 23,756 | 793,213 |
The Timken Company | 17,042 | 674,011 |
Trinity Industries, Inc. | 32,969 | 941,265 |
Watts Water Technologies, Inc., Class A | 6,207 | 434,800 |
Welbilt, Inc. (A) | 32,512 | 608,625 |
Woodward, Inc. | 16,544 | 1,218,300 |
Marine – 0.3% | ||
Kirby Corp. (A) | 14,932 | 1,074,208 |
Professional services – 1.5% | ||
ASGN, Inc. (A) | 11,835 | 793,892 |
Exponent, Inc. | 8,258 | 416,699 |
FTI Consulting, Inc. (A) | 6,183 | 427,307 |
Insperity, Inc. | 8,583 | 942,843 |
Korn/Ferry International | 9,287 | 419,215 |
The Dun & Bradstreet Corp. | 8,579 | 1,220,620 |
TriNet Group, Inc. (A) | 10,301 | 484,044 |
Road and rail – 1.3% | ||
Avis Budget Group, Inc. (A) | 17,034 | 478,996 |
Genesee & Wyoming, Inc., Class A (A) | 14,477 | 1,147,013 |
Landstar System, Inc. | 11,841 | 1,185,166 |
Ryder System, Inc. | 12,412 | 686,508 |
Schneider National, Inc., Class B | 15,968 | 349,220 |
Werner Enterprises, Inc. | 10,821 | 348,328 |
Trading companies and distributors – 1.7% | ||
Air Lease Corp. | 23,745 | 904,685 |
Applied Industrial Technologies, Inc. | 9,249 | 607,937 |
Beacon Roofing Supply, Inc. (A) | 15,457 | 431,405 |
GATX Corp. | 8,762 | 656,537 |
MSC Industrial Direct Company, Inc., Class A | 9,312 | 754,831 |
SiteOne Landscape Supply, Inc. (A) | 9,268 | 630,595 |
Triton International, Ltd. | 10,844 | 348,851 |
Univar, Inc. (A) | 25,246 | 621,557 |
WESCO International, Inc. (A) | 12,411 | 622,784 |
Information technology – 13.0% | 42,478,318 | |
Communications equipment – 1.5% | ||
ARRIS International PLC (A) | 40,768 | 1,013,900 |
Ciena Corp. (A) | 36,109 | 1,128,767 |
EchoStar Corp., Class A (A) | 7,777 | 315,357 |
InterDigital, Inc. | 8,246 | 585,054 |
Lumentum Holdings, Inc. (A) | 13,959 | 762,859 |
Plantronics, Inc. | 6,676 | 393,684 |
ViaSat, Inc. (A)(B) | 13,441 | 856,998 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 73 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Electronic equipment, instruments and components – 2.2% | ||
Anixter International, Inc. (A) | 7,223 | $474,479 |
Avnet, Inc. | 8,269 | 331,339 |
AVX Corp. | 13,929 | 232,336 |
Belden, Inc. (B) | 12,914 | 698,002 |
II-VI, Inc. (A) | 12,881 | 479,560 |
Itron, Inc. (A) | 7,740 | 403,564 |
Jabil, Inc. | 36,619 | 905,588 |
Littelfuse, Inc. | 5,320 | 963,771 |
Novanta, Inc. (A) | 5,203 | 302,867 |
Rogers Corp. (A) | 4,423 | 544,294 |
SYNNEX Corp. | 6,201 | 481,260 |
Tech Data Corp. (A) | 10,831 | 765,318 |
Vishay Intertechnology, Inc. | 32,478 | 594,347 |
IT services – 2.7% | ||
CACI International, Inc., Class A (A) | 5,681 | 1,013,831 |
Conduent, Inc. (A) | 42,819 | 817,843 |
CoreLogic, Inc. (A) | 24,788 | 1,006,889 |
Euronet Worldwide, Inc. (A) | 11,673 | 1,297,804 |
GreenSky, Inc., Class A (A) | 7,253 | 95,595 |
LiveRamp Holdings, Inc. (A) | 12,403 | 566,569 |
ManTech International Corp., Class A | 4,146 | 237,483 |
MAXIMUS, Inc. | 18,555 | 1,205,518 |
Perspecta, Inc. | 26,348 | 645,263 |
Science Applications International Corp. | 9,789 | 680,433 |
Switch, Inc., Class A (B) | 6,266 | 55,579 |
Teradata Corp. (A) | 31,441 | 1,144,452 |
Semiconductors and semiconductor equipment – 2.5% | ||
Brooks Automation, Inc. | 11,389 | 353,401 |
Cabot Microelectronics Corp. | 5,971 | 582,889 |
Cirrus Logic, Inc. (A) | 14,938 | 559,279 |
Cree, Inc. (A) | 26,299 | 1,020,927 |
Entegris, Inc. | 33,543 | 890,231 |
Integrated Device Technology, Inc. (A) | 31,444 | 1,471,894 |
MKS Instruments, Inc. | 8,781 | 647,072 |
Semtech Corp. (A) | 10,836 | 486,970 |
Silicon Laboratories, Inc. (A) | 12,371 | 1,008,608 |
Universal Display Corp. (B) | 1,547 | 190,296 |
Versum Materials, Inc. | 25,773 | 813,396 |
Software – 3.9% | ||
2U, Inc. (A)(B) | 12,872 | 809,778 |
ACI Worldwide, Inc. (A) | 28,350 | 711,302 |
Alarm.com Holdings, Inc. (A) | 4,660 | 207,277 |
Appfolio, Inc., Class A (A) | 2,035 | 116,199 |
Blackbaud, Inc. | 11,860 | 850,599 |
Ceridian HCM Holding, Inc. (A)(B) | 4,165 | 158,145 |
Ebix, Inc. (B) | 4,679 | 268,153 |
Ellie Mae, Inc. (A) | 8,092 | 536,338 |
Envestnet, Inc. (A) | 7,248 | 377,041 |
FireEye, Inc. (A)(B) | 42,768 | 790,780 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
HubSpot, Inc. (A) | 7,744 | $1,050,474 |
j2 Global, Inc. | 13,388 | 975,182 |
Manhattan Associates, Inc. (A) | 15,944 | 761,167 |
New Relic, Inc. (A) | 7,752 | 691,866 |
Nuance Communications, Inc. (A) | 69,163 | 1,202,745 |
Paylocity Holding Corp. (A) | 6,677 | 439,280 |
Pegasystems, Inc. | 9,766 | 522,676 |
Pluralsight, Inc., Class A (A) | 3,634 | 81,438 |
Qualys, Inc. (A) | 7,567 | 539,073 |
RealPage, Inc. (A) | 14,406 | 763,518 |
Smartsheet, Inc., Class A (A) | 1,026 | 24,275 |
Tenable Holdings, Inc. (A) | 2,066 | 58,840 |
Verint Systems, Inc. (A) | 15,470 | 706,515 |
Zscaler, Inc. (A) | 2,082 | 75,556 |
Technology hardware, storage and peripherals – 0.2% | ||
NCR Corp. (A) | 27,357 | 734,535 |
Materials – 6.8% | 22,009,837 | |
Chemicals – 3.2% | ||
Ashland Global Holdings, Inc. | 14,950 | 1,106,001 |
Balchem Corp. | 7,602 | 711,927 |
Cabot Corp. | 17,563 | 854,967 |
HB Fuller Company | 13,881 | 617,149 |
Ingevity Corp. (A) | 9,816 | 894,041 |
NewMarket Corp. | 2,225 | 858,761 |
Olin Corp. | 28,938 | 584,548 |
Platform Specialty Products Corp. (A) | 52,110 | 563,830 |
PolyOne Corp. | 24,727 | 798,929 |
Sensient Technologies Corp. | 13,416 | 870,162 |
The Scotts Miracle-Gro Company | 1,016 | 67,808 |
Trinseo SA | 10,322 | 556,149 |
Valvoline, Inc. | 46,954 | 935,324 |
W.R. Grace & Company | 16,010 | 1,037,288 |
Construction materials – 0.4% | ||
Eagle Materials, Inc. | 11,908 | 879,287 |
Summit Materials, Inc., Class A (A) | 25,762 | 347,787 |
Containers and packaging – 1.4% | ||
Ardagh Group SA | 4,153 | 54,737 |
Bemis Company, Inc. | 21,115 | 966,434 |
Graphic Packaging Holding Company | 72,217 | 795,109 |
Greif, Inc., Class A | 6,705 | 317,147 |
Greif, Inc., Class B | 1,557 | 79,968 |
Owens-Illinois, Inc. (A) | 37,629 | 589,646 |
Silgan Holdings, Inc. | 24,766 | 595,127 |
Sonoco Products Company | 22,719 | 1,240,003 |
Metals and mining – 1.3% | ||
Allegheny Technologies, Inc. (A)(B) | 29,894 | 773,956 |
Carpenter Technology Corp. | 7,763 | 338,544 |
Cleveland-Cliffs, Inc. (B) | 44,923 | 483,371 |
74 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Metals and mining (continued) | ||
Commercial Metals Company | 25,803 | $491,805 |
Royal Gold, Inc. | 10,829 | 829,826 |
United States Steel Corp. | 28,423 | 754,062 |
Worthington Industries, Inc. | 10,841 | 454,021 |
Paper and forest products – 0.5% | ||
Domtar Corp. | 17,021 | 788,243 |
Louisiana-Pacific Corp. | 35,548 | 773,880 |
Real estate – 11.4% | 37,077,312 | |
Equity real estate investment trusts – 11.0% | ||
Americold Realty Trust | 11,870 | 293,783 |
Apple Hospitality REIT, Inc. | 51,583 | 834,097 |
Brandywine Realty Trust | 43,304 | 608,854 |
Brixmor Property Group, Inc. | 70,181 | 1,136,932 |
Columbia Property Trust, Inc. | 31,934 | 716,918 |
CoreCivic, Inc. | 26,264 | 589,889 |
CoreSite Realty Corp. | 8,235 | 772,937 |
Corporate Office Properties Trust | 23,743 | 613,519 |
Cousins Properties, Inc. | 99,513 | 826,953 |
CubeSmart | 42,812 | 1,240,692 |
EastGroup Properties, Inc. | 8,261 | 791,321 |
Empire State Realty Trust, Inc., Class A | 39,145 | 620,840 |
EPR Properties | 18,087 | 1,243,300 |
Equity Commonwealth | 30,415 | 905,759 |
First Industrial Realty Trust, Inc. | 28,390 | 871,573 |
Healthcare Realty Trust, Inc. | 29,421 | 819,669 |
Highwoods Properties, Inc. | 24,285 | 1,035,512 |
Hospitality Properties Trust | 40,240 | 1,030,949 |
Hudson Pacific Properties, Inc. | 27,341 | 828,432 |
JBG SMITH Properties | 24,232 | 908,215 |
Life Storage, Inc. | 10,835 | 1,020,224 |
Medical Properties Trust, Inc. | 84,144 | 1,250,380 |
National Health Investors, Inc. | 9,801 | 719,981 |
Outfront Media, Inc. | 33,492 | 593,478 |
Paramount Group, Inc. | 48,433 | 692,108 |
Pebblebrook Hotel Trust | 18,006 | 606,982 |
Physicians Realty Trust | 41,725 | 691,801 |
Piedmont Office Realty Trust, Inc., Class A | 39,724 | 715,826 |
PotlatchDeltic Corp. | 13,904 | 504,020 |
PS Business Parks, Inc. | 5,419 | 707,721 |
Rayonier, Inc. | 30,448 | 919,530 |
Retail Properties of America, Inc., Class A | 60,312 | 740,028 |
Rexford Industrial Realty, Inc. | 14,984 | 474,543 |
RLJ Lodging Trust | 41,269 | 802,269 |
Ryman Hospitality Properties, Inc. | 13,408 | 1,040,327 |
Sabra Health Care REIT, Inc. | 36,656 | 793,602 |
Senior Housing Properties Trust | 54,684 | 878,772 |
Spirit Realty Capital, Inc. | 103,620 | 810,308 |
STAG Industrial, Inc. | 22,173 | 586,698 |
Sunstone Hotel Investors, Inc. | 53,587 | 775,404 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Taubman Centers, Inc. | 14,406 | $792,474 |
The GEO Group, Inc. | 26,788 | 592,283 |
Uniti Group, Inc. | 35,639 | 682,130 |
Urban Edge Properties | 25,264 | 517,659 |
Weingarten Realty Investors | 28,383 | 798,130 |
Xenia Hotels & Resorts, Inc. | 18,081 | 371,565 |
Real estate management and development – 0.4% | ||
Cushman & Wakefield PLC (A)(B) | 8,268 | 134,438 |
Kennedy-Wilson Holdings, Inc. | 26,879 | 510,163 |
Newmark Group, Inc., Class A | 3,638 | 35,434 |
Realogy Holdings Corp. (B) | 32,978 | 628,890 |
Utilities – 4.3% | 14,081,992 | |
Electric utilities – 1.7% | ||
ALLETE, Inc. | 12,396 | 917,304 |
Hawaiian Electric Industries, Inc. | 33,495 | 1,249,364 |
IDACORP, Inc. | 14,434 | 1,346,115 |
PNM Resources, Inc. | 21,623 | 830,539 |
Portland General Electric Company | 25,810 | 1,163,515 |
Gas utilities – 1.6% | ||
National Fuel Gas Company | 17,549 | 952,735 |
New Jersey Resources Corp. | 23,730 | 1,070,223 |
ONE Gas, Inc. | 12,387 | 977,458 |
South Jersey Industries, Inc. (B) | 13,446 | 397,195 |
Southwest Gas Holdings, Inc. | 14,804 | 1,143,905 |
Spire, Inc. | 11,322 | 821,751 |
Independent power and renewable electricity producers –0.3% | ||
Clearway Energy, Inc., Class A | 7,749 | 150,486 |
Clearway Energy, Inc., Class C | 14,445 | 283,266 |
Ormat Technologies, Inc. | 10,281 | 526,079 |
Multi-utilities – 0.7% | ||
Avista Corp. | 16,464 | 846,579 |
Black Hills Corp. (B) | 12,384 | 736,848 |
NorthWestern Corp. | 11,379 | 668,630 |
SECURITIES LENDING COLLATERAL – 3.0% | $9,912,058 | |
(Cost $9,913,362) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 990,879 | 9,912,058 |
SHORT-TERM INVESTMENTS – 0.1% | $208,231 | |
(Cost $208,231) | ||
Money market funds – 0.1% | 208,231 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 208,231 | 208,231 |
Total investments (Multifactor Small Cap ETF) (Cost $352,244,265) 103.0% | $335,485,484 | |
Other assets and liabilities, net (3.0%) | (9,918,354) | |
Total net assets 100.0% | $325,567,130 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 75 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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% | $65,127,480 | |
(Cost $61,591,952) | ||
Communication services – 16.0% | 10,433,159 | |
Entertainment – 2.5% | ||
Activision Blizzard, Inc. | 12,558 | 867,130 |
Electronic Arts, Inc. (A) | 4,200 | 382,116 |
Take-Two Interactive Software, Inc. (A) | 2,951 | 380,295 |
Interactive media and services – 13.5% | ||
Alphabet, Inc., Class A (A) | 2,812 | 3,066,711 |
Alphabet, Inc., Class C (A) | 732 | 788,196 |
ANGI Homeservices, Inc., Class A (A)(B) | 753 | 14,412 |
CarGurus, Inc. (A) | 655 | 29,095 |
Facebook, Inc., Class A (A) | 23,949 | 3,635,219 |
InterActiveCorp (A) | 2,427 | 477,124 |
Match Group, Inc. (A)(B) | 1,594 | 82,442 |
Snap, Inc., Class A (A)(B) | 4,977 | 32,898 |
Twitter, Inc. (A) | 19,497 | 677,521 |
Consumer discretionary – 1.8% | 1,178,259 | |
Household durables – 0.4% | ||
Garmin, Ltd. | 4,286 | 283,562 |
Internet and direct marketing retail – 1.4% | ||
eBay, Inc. (A) | 19,713 | 572,268 |
Etsy, Inc. (A) | 1,289 | 54,808 |
GrubHub, Inc. (A) | 2,005 | 185,944 |
Stamps.com, Inc. (A) | 404 | 81,677 |
Health care – 1.8% | 1,170,922 | |
Health care providers and services – 0.1% | ||
Premier, Inc., Class A (A) | 2,106 | 94,770 |
Health care technology – 1.7% | ||
athenahealth, Inc. (A) | 1,208 | 154,068 |
Cerner Corp. (A) | 11,402 | 653,107 |
Medidata Solutions, Inc. (A) | 1,174 | 82,532 |
Veeva Systems, Inc., Class A (A) | 2,041 | 186,445 |
Industrials – 1.0% | 670,385 | |
Aerospace and defense – 1.0% | ||
Harris Corp. | 4,508 | 670,385 |
Information technology – 79.3% | 51,674,755 | |
Communications equipment – 7.5% | ||
Arista Networks, Inc. (A) | 1,063 | 244,862 |
ARRIS International PLC (A) | 7,373 | 183,367 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Communications equipment (continued) | ||
Ciena Corp. (A) | 3,105 | $97,062 |
Cisco Systems, Inc. | 52,395 | 2,397,071 |
CommScope Holding Company, Inc. (A) | 8,161 | 196,354 |
EchoStar Corp., Class A (A) | 1,478 | 59,933 |
F5 Networks, Inc. (A) | 2,358 | 413,310 |
Juniper Networks, Inc. | 12,870 | 376,705 |
Lumentum Holdings, Inc. (A) | 1,539 | 84,106 |
Motorola Solutions, Inc. | 4,045 | 495,755 |
Palo Alto Networks, Inc. (A) | 1,577 | 288,654 |
Ubiquiti Networks, Inc. (B) | 836 | 77,823 |
Electronic equipment, instruments and components – 2.4% | ||
CDW Corp. | 5,364 | 482,814 |
Corning, Inc. | 29,379 | 938,659 |
Dolby Laboratories, Inc., Class A | 1,897 | 130,533 |
IT services – 9.2% | ||
Akamai Technologies, Inc. (A) | 6,034 | 435,957 |
Amdocs, Ltd. | 5,332 | 337,356 |
CACI International, Inc., Class A (A) | 531 | 94,762 |
Cognizant Technology Solutions Corp., Class A | 10,334 | 713,356 |
DXC Technology Company | 10,000 | 728,300 |
EPAM Systems, Inc. (A) | 1,412 | 168,692 |
Gartner, Inc. (A) | 2,198 | 324,249 |
GoDaddy, Inc., Class A (A) | 3,446 | 252,144 |
IBM Corp. | 12,093 | 1,395,895 |
Leidos Holdings, Inc. | 5,688 | 368,469 |
Okta, Inc. (A) | 1,098 | 64,079 |
Sabre Corp. | 9,862 | 243,098 |
Square, Inc., Class A (A) | 3,326 | 244,295 |
Teradata Corp. (A) | 4,984 | 181,418 |
Twilio, Inc., Class A (A) | 877 | 65,968 |
VeriSign, Inc. (A) | 2,658 | 378,871 |
Semiconductors and semiconductor equipment – 23.0% | ||
Advanced Micro Devices, Inc. (A) | 21,717 | 395,467 |
Analog Devices, Inc. | 6,588 | 551,481 |
Applied Materials, Inc. | 14,421 | 474,162 |
Broadcom, Inc. | 5,044 | 1,127,284 |
Cree, Inc. (A) | 2,207 | 85,676 |
Cypress Semiconductor Corp. | 10,653 | 137,850 |
Entegris, Inc. | 5,581 | 148,120 |
Integrated Device Technology, Inc. (A) | 3,115 | 145,813 |
Intel Corp. | 65,792 | 3,084,329 |
KLA-Tencor Corp. | 4,492 | 411,198 |
Lam Research Corp. | 3,489 | 494,496 |
Marvell Technology Group, Ltd. | 18,124 | 297,415 |
Maxim Integrated Products, Inc. | 9,391 | 469,738 |
Microchip Technology, Inc. (B) | 7,125 | 468,683 |
Micron Technology, Inc. (A) | 28,787 | 1,085,846 |
MKS Instruments, Inc. | 1,795 | 132,274 |
Monolithic Power Systems, Inc. | 670 | 79,140 |
76 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Semiconductors and semiconductor equipment (continued) | ||
NVIDIA Corp. | 5,073 | $1,069,541 |
ON Semiconductor Corp. (A) | 18,485 | 314,245 |
Qorvo, Inc. (A) | 4,152 | 305,214 |
QUALCOMM, Inc. | 15,695 | 987,059 |
Silicon Laboratories, Inc. (A) | 1,106 | 90,172 |
Skyworks Solutions, Inc. | 7,086 | 614,781 |
Teradyne, Inc. | 7,623 | 262,612 |
Texas Instruments, Inc. | 11,446 | 1,062,532 |
Xilinx, Inc. | 8,195 | 699,607 |
Software – 26.4% | ||
2U, Inc. (A)(B) | 1,097 | 69,012 |
Adobe, Inc. (A) | 3,670 | 901,939 |
ANSYS, Inc. (A) | 2,639 | 394,662 |
Aspen Technology, Inc. (A) | 2,150 | 182,514 |
Atlassian Corp. PLC, Class A (A) | 1,621 | 123,050 |
Autodesk, Inc. (A) | 2,289 | 295,853 |
Blackbaud, Inc. | 1,519 | 108,943 |
CA, Inc. | 11,037 | 489,601 |
Cadence Design Systems, Inc. (A) | 8,118 | 361,819 |
CDK Global, Inc. | 3,941 | 225,583 |
Ceridian HCM Holding, Inc. (A)(B) | 520 | 19,744 |
Citrix Systems, Inc. (A) | 4,694 | 480,994 |
Dell Technologies, Inc., Class V (A) | 9,294 | 840,085 |
DocuSign, Inc. (A)(B) | 205 | 8,598 |
Dropbox, Inc., Class A (A) | 1,068 | 25,066 |
Fair Isaac Corp. (A) | 948 | 182,689 |
Fortinet, Inc. (A) | 3,034 | 249,334 |
Guidewire Software, Inc. (A) | 2,012 | 179,008 |
HubSpot, Inc. (A) | 532 | 72,166 |
Intuit, Inc. | 3,836 | 809,396 |
j2 Global, Inc. | 2,099 | 152,891 |
LogMeIn, Inc. | 1,606 | 138,309 |
Microsoft Corp. | 38,890 | 4,153,841 |
New Relic, Inc. (A) | 574 | 51,230 |
Nuance Communications, Inc. (A) | 8,840 | 153,728 |
Nutanix, Inc., Class A (A) | 1,803 | 74,843 |
Oracle Corp. | 37,201 | 1,816,897 |
Paycom Software, Inc. (A) | 1,275 | 159,630 |
Pegasystems, Inc. | 806 | 43,137 |
Pivotal Software, Inc., Class A (A)(B) | 733 | 14,953 |
Proofpoint, Inc. (A) | 852 | 77,489 |
PTC, Inc. (A) | 2,681 | 220,941 |
RealPage, Inc. (A) | 1,605 | 85,065 |
Red Hat, Inc. (A) | 4,364 | 749,037 |
RingCentral, Inc., Class A (A) | 963 | 74,854 |
salesforce.com, Inc. (A) | 4,011 | 550,470 |
ServiceNow, Inc. (A) | 1,852 | 335,286 |
Splunk, Inc. (A) | 2,426 | 242,212 |
SS&C Technologies Holdings, Inc. | 6,428 | 328,856 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
Symantec Corp. | 16,769 | $304,357 |
Synopsys, Inc. (A) | 4,783 | 428,222 |
Tableau Software, Inc., Class A (A) | 1,352 | 144,231 |
The Trade Desk, Inc., Class A (A) | 461 | 56,957 |
The Ultimate Software Group, Inc. (A) | 653 | 174,109 |
Tyler Technologies, Inc. (A) | 844 | 178,641 |
VMware, Inc., Class A (A) | 1,053 | 148,884 |
Workday, Inc., Class A (A) | 1,688 | 224,538 |
Zendesk, Inc. (A) | 1,520 | 83,554 |
Zscaler, Inc. (A) | 150 | 5,444 |
Technology hardware, storage and peripherals – 10.8% | ||
Apple, Inc. | 19,183 | 4,198,387 |
Hewlett Packard Enterprise Company | 40,008 | 610,122 |
HP, Inc. | 21,353 | 515,461 |
NetApp, Inc. | 8,585 | 673,837 |
Pure Storage, Inc., Class A (A) | 2,462 | 49,683 |
Seagate Technology PLC (B) | 11,076 | 445,587 |
Western Digital Corp. | 12,314 | 530,364 |
SECURITIES LENDING COLLATERAL – 1.1% | $728,566 | |
(Cost $728,636) | ||
John Hancock Collateral Trust, 2.2770% (C)(D) | 72,833 | 728,566 |
SHORT-TERM INVESTMENTS – 0.3% | $169,680 | |
(Cost $169,680) | ||
Money market funds – 0.3% | 169,680 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (C) | 169,680 | 169,680 |
Total investments (Multifactor Technology ETF) (Cost $62,490,268) 101.3% | $66,025,726 | |
Other assets and liabilities, net (1.3%) | (848,502) | |
Total net assets 100.0% | $65,177,224 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 10-31-18. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-18. |
(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% | $31,390,191 | |
(Cost $30,826,042) | ||
Utilities – 99.9% | 31,390,191 | |
Electric utilities – 56.1% | ||
Alliant Energy Corp. | 12,343 | 530,502 |
American Electric Power Company, Inc. | 13,928 | 1,021,758 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 77 |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Electric utilities (continued) | ||
Avangrid, Inc. | 3,508 | $164,911 |
Duke Energy Corp. | 18,289 | 1,511,220 |
Edison International | 20,091 | 1,394,114 |
Entergy Corp. | 14,098 | 1,183,527 |
Evergy, Inc. | 13,801 | 772,718 |
Eversource Energy | 17,388 | 1,099,965 |
Exelon Corp. | 42,774 | 1,873,928 |
FirstEnergy Corp. | 33,002 | 1,230,315 |
IDACORP, Inc. | 1,997 | 186,240 |
NextEra Energy, Inc. | 6,184 | 1,066,740 |
PG&E Corp. (A) | 17,165 | 803,494 |
Pinnacle West Capital Corp. | 8,698 | 715,411 |
Portland General Electric Company | 5,915 | 266,648 |
PPL Corp. | 19,308 | 586,963 |
The Southern Company | 40,768 | 1,835,783 |
Xcel Energy, Inc. | 27,951 | 1,369,879 |
Gas utilities – 3.8% | ||
Atmos Energy Corp. | 4,817 | 448,366 |
National Fuel Gas Company | 4,452 | 241,699 |
UGI Corp. | 9,345 | 495,846 |
Independent power and renewable electricity producers –4.2% | ||
AES Corp. | 35,581 | 518,771 |
NRG Energy, Inc. | 12,186 | 441,011 |
Vistra Energy Corp. (A) | 15,906 | 359,953 |
Multi-utilities – 33.0% | ||
Ameren Corp. | 15,391 | 993,951 |
CenterPoint Energy, Inc. | 21,737 | 587,116 |
CMS Energy Corp. | 14,363 | 711,256 |
Consolidated Edison, Inc. | 17,080 | 1,298,080 |
Dominion Energy, Inc. | 14,737 | 1,052,517 |
DTE Energy Company | 10,991 | 1,235,388 |
NiSource, Inc. | 20,701 | 524,977 |
Public Service Enterprise Group, Inc. | 34,619 | 1,849,693 |
SCANA Corp. | 7,273 | 291,284 |
Sempra Energy | 5,106 | 562,273 |
Vectren Corp. | 4,037 | 288,767 |
WEC Energy Group, Inc. | 14,428 | 986,875 |
Water utilities – 2.8% | ||
American Water Works Company, Inc. | 7,746 | 685,753 |
Aqua America, Inc. | 6,225 | 202,499 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.3% | $91,298 | |
(Cost $91,298) | ||
Money market funds – 0.3% | $91,298 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.0858% (B) | 91,298 | 91,298 |
Total investments (Multifactor Utilities ETF) (Cost $30,917,340) 100.2% | $31,481,489 | |
Other assets and liabilities, net (0.2%) | (72,736) | |
Total net assets 100.0% | $31,408,753 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 10-31-18. |
78 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Financial statements |
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Emerging Markets ETF | |
Assets | ||||
Unaffiliated investments, at value | $39,297,645 | $26,128,148 | $83,376,438 | $4,582,760 |
Affiliated investments, at value | 1,934,594 | 514,522 | 1,792,290 | — |
Total investments, at value | 41,232,239 | 26,642,670 | 85,168,728 | 4,582,760 |
Cash | — | — | — | 859 |
Foreign currency, at value | — | — | 34,465 | 9,062 |
Dividends and interest receivable | 22,809 | 35,700 | 285,079 | 3,666 |
Receivable for investments sold | 6,758,807 | — | 91,931 | — |
Receivable for securities lending income | 560 | 228 | 955 | — |
Receivable due from advisor | — | 2,514 | — | 5,812 |
Other assets | 4,778 | 4,093 | 5,245 | 19,531 |
Total assets | 48,019,193 | 26,685,205 | 85,586,403 | 4,621,690 |
Liabilities | ||||
Payable for investments purchased | — | — | 92,615 | 935 |
Payable for fund shares repurchased | 6,737,547 | — | — | — |
Payable upon return of securities loaned | 1,935,601 | 514,663 | 1,792,580 | — |
Payable to affiliates | ||||
Investment management fees | 5,175 | — | 10,310 | — |
Accounting and legal services fees | 5,892 | 3,202 | 8,660 | 84 |
Transfer agent fees | 11,764 | 11,764 | 17,614 | 306 |
Trustees' fees | 299 | 232 | 348 | 147 |
Other liabilities and accrued expenses | 96,522 | 83,573 | 84,322 | 26,310 |
Total liabilities | 8,792,800 | 613,434 | 2,006,449 | 27,782 |
Net assets | $39,226,393 | $26,071,771 | $83,579,954 | $4,593,908 |
Net assets consist of | ||||
Paid-in capital | $36,268,441 | $25,932,985 | $88,259,051 | $5,028,741 |
Undistributed net investment income (loss) | 153,600 | 353,426 | 406,447 | 6,484 |
Accumulated net realized gain (loss) on investments | 1,275,853 | (27,461) | 92,788 | 2,719 |
Net unrealized appreciation (depreciation) on investments | 1,528,499 | (187,179) | (5,178,332) | (444,036) |
Net assets | $39,226,393 | $26,071,771 | $83,579,954 | $4,593,908 |
Unaffiliated investments, at cost | $37,768,926 | $26,315,258 | $88,552,918 | $5,026,814 |
Affiliated investments, at cost | $1,934,814 | $514,591 | $1,792,380 | — |
Foreign currency, at cost | — | — | $34,708 | $9,045 |
Securities loaned, at value | $1,604,980 | $554,672 | $1,438,172 | — |
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 | 39,226,393 | 26,071,771 | 83,579,954 | 4,593,908 |
Shares outstanding | 1,270,000 | 960,000 | 3,100,000 | 200,000 |
Net asset value per share | $30.89 | $27.16 | $26.96 | $22.97 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 79 |
Multifactor Energy ETF | Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | |
Assets | ||||
Unaffiliated investments, at value | $29,996,053 | $55,518,412 | $58,256,301 | $23,556,111 |
Affiliated investments, at value | 308,065 | 171,725 | — | 292,027 |
Total investments, at value | 30,304,118 | 55,690,137 | 58,256,301 | 23,848,138 |
Cash | 12,899 | — | — | 4,771 |
Dividends and interest receivable | 33,634 | 41,541 | 34,046 | 16,661 |
Receivable for fund shares sold | — | — | 997,117 | — |
Receivable for securities lending income | 246 | 43 | — | 56 |
Receivable due from advisor | — | — | — | 2,035 |
Other assets | 4,070 | 5,238 | 4,914 | 4,209 |
Total assets | 30,354,967 | 55,736,959 | 59,292,378 | 23,875,870 |
Liabilities | ||||
Payable for investments purchased | — | — | 996,785 | — |
Payable upon return of securities loaned | 321,208 | 171,736 | — | 296,849 |
Payable to affiliates | ||||
Investment management fees | 970 | 9,269 | 11,003 | — |
Accounting and legal services fees | 4,573 | 8,464 | 6,772 | 3,567 |
Transfer agent fees | 11,764 | 11,764 | 11,764 | 11,764 |
Trustees' fees | 241 | 360 | 296 | 248 |
Other liabilities and accrued expenses | 83,933 | 104,518 | 98,329 | 84,707 |
Total liabilities | 422,689 | 306,111 | 1,124,949 | 397,135 |
Net assets | $29,932,278 | $55,430,848 | $58,167,429 | $23,478,735 |
Net assets consist of | ||||
Paid-in capital | $31,810,374 | $49,358,623 | $53,459,502 | $20,383,003 |
Undistributed net investment income (loss) | 169,325 | 289,605 | 136,534 | 75,601 |
Accumulated net realized gain (loss) on investments | 359,522 | 4,734,999 | 730,329 | 2,931,041 |
Net unrealized appreciation (depreciation) on investments | (2,406,943) | 1,047,621 | 3,841,064 | 89,090 |
Net assets | $29,932,278 | $55,430,848 | $58,167,429 | $23,478,735 |
Unaffiliated investments, at cost | $32,402,942 | $54,470,780 | $54,415,237 | $23,466,995 |
Affiliated investments, at cost | $308,119 | $171,736 | — | $292,053 |
Securities loaned, at value | $316,293 | $103,177 | — | $285,710 |
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 | 29,932,278 | 55,430,848 | 58,167,429 | 23,478,735 |
Shares outstanding | 1,060,000 | 1,590,000 | 1,750,000 | 710,000 |
Net asset value per share | $28.24 | $34.86 | $33.24 | $33.07 |
80 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Mid Cap ETF | Multifactor Small Cap ETF | |
Assets | ||||
Unaffiliated investments, at value | $740,562,859 | $18,891,298 | $690,690,414 | $325,573,426 |
Affiliated investments, at value | 7,499,687 | — | 14,354,270 | 9,912,058 |
Total investments, at value | 748,062,546 | 18,891,298 | 705,044,684 | 335,485,484 |
Cash | 149,505 | — | 609,905 | — |
Dividends and interest receivable | 466,389 | 24,304 | 343,403 | 121,035 |
Receivable for fund shares sold | 872,366 | — | 11,649,227 | — |
Receivable for investments sold | — | — | — | 2,173 |
Receivable for securities lending income | 1,864 | — | 4,687 | 3,847 |
Receivable due from advisor | — | 4,410 | — | — |
Other assets | 13,970 | 4,164 | 10,044 | 4,443 |
Total assets | 749,566,640 | 18,924,176 | 717,661,950 | 335,616,982 |
Liabilities | ||||
Payable for investments purchased | 871,232 | — | 11,642,404 | — |
Payable upon return of securities loaned | 7,651,304 | — | 14,968,042 | 9,913,818 |
Payable to affiliates | ||||
Investment management fees | 146,352 | — | 186,993 | 65,062 |
Accounting and legal services fees | 59,005 | 2,942 | 53,248 | 10,832 |
Transfer agent fees | 11,764 | 11,764 | 11,764 | 9,553 |
Trustees' fees | 1,321 | 229 | 1,126 | 213 |
Other liabilities and accrued expenses | 184,117 | 83,866 | 162,061 | 50,374 |
Total liabilities | 8,925,095 | 98,801 | 27,025,638 | 10,049,852 |
Net assets | $740,641,545 | $18,825,375 | $690,636,312 | $325,567,130 |
Net assets consist of | ||||
Paid-in capital | $697,570,263 | $18,063,403 | $687,173,490 | $339,261,717 |
Undistributed net investment income (loss) | 2,733,334 | 108,477 | 2,461,115 | 288,470 |
Accumulated net realized gain (loss) on investments | 3,920,669 | 1,565,589 | 3,989,038 | 2,775,724 |
Net unrealized appreciation (depreciation) on investments | 36,417,279 | (912,094) | (2,987,331) | (16,758,781) |
Net assets | $740,641,545 | $18,825,375 | $690,636,312 | $325,567,130 |
Unaffiliated investments, at cost | $704,144,615 | $19,803,392 | $693,675,788 | $342,330,903 |
Affiliated investments, at cost | $7,500,652 | — | $14,356,227 | $9,913,362 |
Securities loaned, at value | $7,503,098 | — | $14,722,407 | $8,384,080 |
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 | 740,641,545 | 18,825,375 | 690,636,312 | 325,567,130 |
Shares outstanding | 21,225,000 | 610,000 | 20,750,000 | 12,900,000 |
Net asset value per share | $34.89 | $30.86 | $33.28 | $25.24 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 81 |
Multifactor Technology ETF | Multifactor Utilities ETF | |
Assets | ||
Unaffiliated investments, at value | $65,297,160 | $31,481,489 |
Affiliated investments, at value | 728,566 | — |
Total investments, at value | 66,025,726 | 31,481,489 |
Dividends and interest receivable | 9,331 | 19,031 |
Receivable for fund shares sold | 863,241 | 2,620,580 |
Receivable for securities lending income | 439 | — |
Receivable due from advisor | — | 1,823 |
Other assets | 5,321 | 4,103 |
Total assets | 66,904,058 | 34,127,026 |
Liabilities | ||
Payable for investments purchased | 863,338 | 2,620,843 |
Payable upon return of securities loaned | 728,939 | — |
Payable to affiliates | ||
Investment management fees | 11,905 | — |
Accounting and legal services fees | 8,778 | 2,630 |
Transfer agent fees | 11,764 | 11,764 |
Trustees' fees | 347 | 212 |
Other liabilities and accrued expenses | 101,763 | 82,824 |
Total liabilities | 1,726,834 | 2,718,273 |
Net assets | $65,177,224 | $31,408,753 |
Net assets consist of | ||
Paid-in capital | $54,865,153 | $30,633,862 |
Undistributed net investment income (loss) | 206,199 | 202,451 |
Accumulated net realized gain (loss) on investments | 6,570,414 | 8,291 |
Net unrealized appreciation (depreciation) on investments | 3,535,458 | 564,149 |
Net assets | $65,177,224 | $31,408,753 |
Unaffiliated investments, at cost | $61,761,632 | $30,917,340 |
Affiliated investments, at cost | $728,636 | — |
Securities loaned, at value | $791,196 | — |
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 | 65,177,224 | 31,408,753 |
Shares outstanding | 1,510,000 | 1,090,000 |
Net asset value per share | $43.16 | $28.82 |
82 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Emerging Markets ETF1 | |
Investment income | ||||
Dividends | $367,668 | $494,708 | $1,097,953 | $9,010 |
Interest | 853 | 545 | 885 | 136 |
Securities lending | 6,781 | 1,358 | 12,036 | — |
Less foreign taxes withheld | (101) | — | (90,863) | (463) |
Non-cash dividends | — | — | 102,867 | — |
Total investment income | 375,201 | 496,611 | 1,122,878 | 8,683 |
Expenses | ||||
Investment management fees | 106,855 | 57,674 | 161,897 | 2,400 |
Accounting and legal services fees | 5,438 | 2,935 | 8,239 | 84 |
Transfer agent fees | 7,864 | 7,864 | 7,864 | 306 |
Trustees' fees | 566 | 393 | 767 | 146 |
Custodian fees | 42,343 | 42,357 | 33,092 | 1,297 |
Printing and postage | 9,173 | 8,507 | 10,018 | 2,847 |
Professional fees | 12,587 | 10,153 | 17,680 | 2,296 |
Stock exchange listing fees | 3,884 | 3,048 | 4,013 | 600 |
Other | 6,310 | 6,124 | 7,360 | 435 |
Total expenses | 195,020 | 139,055 | 250,930 | 10,411 |
Less expense reductions | (76,291) | (74,973) | (88,700) | (8,212) |
Net expenses | 118,729 | 64,082 | 162,230 | 2,199 |
Net investment income | 256,472 | 432,529 | 960,648 | 6,484 |
Realized and unrealized gain (loss) | ||||
Net realized gain (loss) on | ||||
Unaffiliated investments | (1,086,560) | (134,861) | (581,452) | 2,719 |
Affiliated investments | 180 | 187 | 503 | — |
Redemptions in kind | 3,243,586 | 345,784 | 1,198,225 | — |
2,157,206 | 211,110 | 617,276 | 2,719 | |
Change in net unrealized appreciation (depreciation) of | ||||
Unaffiliated investments | (1,759,641) | 1,191,397 | (9,304,161) | (444,036) |
Affiliated investments | (338) | (100) | (369) | — |
(1,759,979) | 1,191,297 | (9,304,530) | (444,036) | |
Net realized and unrealized gain (loss) | 397,227 | 1,402,407 | (8,687,254) | (441,317) |
Increase (decrease) in net assets from operations | $653,699 | $1,834,936 | $(7,726,606) | $(434,833) |
1 | Period from 9-27-18 (commencement of operations) to 10-31-18. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 83 |
Multifactor Energy ETF | Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | |
Investment income | ||||
Dividends | $394,500 | $628,885 | $347,601 | $210,299 |
Interest | 686 | 1,126 | 833 | 657 |
Securities lending | 2,224 | 714 | — | 420 |
Less foreign taxes withheld | (406) | (155) | — | (5) |
Total investment income | 397,004 | 630,570 | 348,434 | 211,371 |
Expenses | ||||
Investment management fees | 85,182 | 153,505 | 125,345 | 64,361 |
Accounting and legal services fees | 4,335 | 7,812 | 6,379 | 3,275 |
Transfer agent fees | 7,864 | 7,864 | 7,864 | 7,864 |
Trustees' fees | 478 | 735 | 573 | 410 |
Custodian fees | 42,293 | 42,363 | 42,425 | 42,363 |
Printing and postage | 8,597 | 10,209 | 10,044 | 8,476 |
Professional fees | 11,755 | 17,498 | 12,569 | 10,971 |
Stock exchange listing fees | 3,048 | 3,884 | 3,884 | 3,048 |
Other | 6,169 | 6,632 | 6,091 | 6,170 |
Total expenses | 169,721 | 250,502 | 215,174 | 146,938 |
Less expense reductions | (75,074) | (79,941) | (75,901) | (75,426) |
Net expenses | 94,647 | 170,561 | 139,273 | 71,512 |
Net investment income | 302,357 | 460,009 | 209,161 | 139,859 |
Realized and unrealized gain (loss) | ||||
Net realized gain (loss) on | ||||
Unaffiliated investments | (287,357) | 97,244 | (650,768) | (62,337) |
Affiliated investments | 84 | 87 | — | (24) |
Futures contracts | (1,954) | 2,205 | — | — |
Redemptions in kind | 1,649,077 | 5,025,008 | 1,889,878 | 3,196,834 |
1,359,850 | 5,124,544 | 1,239,110 | 3,134,473 | |
Change in net unrealized appreciation (depreciation) of | ||||
Unaffiliated investments | (5,075,421) | (8,097,304) | 1,820,803 | (3,697,678) |
Affiliated investments | (98) | (24) | — | (26) |
(5,075,519) | (8,097,328) | 1,820,803 | (3,697,704) | |
Net realized and unrealized gain (loss) | (3,715,669) | (2,972,784) | 3,059,913 | (563,231) |
Increase (decrease) in net assets from operations | $(3,413,312) | $(2,512,775) | $3,269,074 | $(423,372) |
84 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Mid Cap ETF | Multifactor Small Cap ETF | |
Investment income | ||||
Dividends | $4,774,188 | $223,298 | $4,148,136 | $558,689 |
Interest | 3,259 | 576 | 3,838 | 445 |
Securities lending | 14,366 | — | 35,502 | 12,899 |
Less foreign taxes withheld | (39) | — | (1,479) | (1,071) |
Total investment income | 4,791,774 | 223,874 | 4,185,997 | 570,962 |
Expenses | ||||
Investment management fees | 707,581 | 53,242 | 863,676 | 191,003 |
Accounting and legal services fees | 55,457 | 2,709 | 50,657 | 8,748 |
Transfer agent fees | 7,864 | 7,864 | 7,864 | 7,776 |
Trustees' fees | 3,707 | 372 | 3,219 | 462 |
Custodian fees | 49,622 | 42,323 | 47,383 | 24,368 |
Printing and postage | 17,558 | 8,590 | 16,901 | 8,437 |
Professional fees | 60,492 | 10,427 | 47,670 | 40,404 |
Stock exchange listing fees | 3,884 | 3,048 | 3,884 | 2,990 |
Other | 10,676 | 5,887 | 9,825 | 8,706 |
Total expenses | 916,841 | 134,462 | 1,051,079 | 292,894 |
Less expense reductions | (69,244) | (75,304) | (55,637) | (101,878) |
Net expenses | 847,597 | 59,158 | 995,442 | 191,016 |
Net investment income | 3,944,177 | 164,716 | 3,190,555 | 379,946 |
Realized and unrealized gain (loss) | ||||
Net realized gain (loss) on | ||||
Unaffiliated investments | (821,187) | 288,701 | (1,759,514) | (650,464) |
Affiliated investments | 1,051 | — | 2,348 | (202) |
Futures contracts | 18,168 | — | 16,157 | — |
Redemptions in kind | 6,465,059 | 1,478,893 | 8,650,989 | 3,755,413 |
5,663,091 | 1,767,594 | 6,909,980 | 3,104,747 | |
Change in net unrealized appreciation (depreciation) of | ||||
Unaffiliated investments | (12,846,949) | (4,111,380) | (32,759,399) | (16,962,008) |
Affiliated investments | (1,232) | — | (2,532) | (1,398) |
(12,848,181) | (4,111,380) | (32,761,931) | (16,963,406) | |
Net realized and unrealized loss | (7,185,090) | (2,343,786) | (25,851,951) | (13,858,659) |
Increase (decrease) in net assets from operations | $(3,240,913) | $(2,179,070) | $(22,661,396) | $(13,478,713) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 85 |
Multifactor Technology ETF | Multifactor Utilities ETF | |
Investment income | ||
Dividends | $495,282 | $352,005 |
Interest | 1,027 | 435 |
Securities lending | 6,321 | — |
Total investment income | 502,630 | 352,440 |
Expenses | ||
Investment management fees | 161,204 | 48,722 |
Accounting and legal services fees | 8,204 | 2,479 |
Transfer agent fees | 7,864 | 7,864 |
Trustees' fees | 755 | 344 |
Custodian fees | 42,379 | 42,418 |
Printing and postage | 10,123 | 8,437 |
Professional fees | 14,969 | 9,946 |
Stock exchange listing fees | 3,884 | 3,048 |
Other | 6,549 | 5,843 |
Total expenses | 255,931 | 129,101 |
Less expense reductions | (76,815) | (74,966) |
Net expenses | 179,116 | 54,135 |
Net investment income | 323,514 | 298,305 |
Realized and unrealized gain (loss) | ||
Net realized gain (loss) on | ||
Unaffiliated investments | (297,669) | (138,057) |
Affiliated investments | 210 | — |
Futures contracts | 691 | — |
Redemptions in kind | 6,872,631 | 404,217 |
6,575,863 | 266,160 | |
Change in net unrealized appreciation (depreciation) of | ||
Unaffiliated investments | (5,975,093) | 648,636 |
Affiliated investments | (164) | — |
(5,975,257) | 648,636 | |
Net realized and unrealized gain | 600,606 | 914,796 |
Increase (decrease) in net assets from operations | $924,120 | $1,213,101 |
86 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | ||||
Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $256,472 | $411,603 | $432,529 | $444,178 | $960,648 | $1,323,027 |
Net realized gain (loss) | 2,157,206 | 2,437,099 | 211,110 | (12,270) | 617,276 | 3,845,804 |
Change in net unrealized appreciation (depreciation) | (1,759,979) | 664,033 | 1,191,297 | (1,421,700) | (9,304,530) | 1,853,059 |
Increase (decrease) in net assets resulting from operations | 653,699 | 3,512,735 | 1,834,936 | (989,792) | (7,726,606) | 7,021,890 |
Distributions to shareholders | ||||||
From net investment income | (243,484) | (353,350) | (235,691) | (374,081) | (1,187,225) | (1,088,858) |
From fund share transactions | ||||||
Shares issued | 5,457,860 | 21,733,939 | 13,794,673 | 18,068,125 | 33,853,403 | 50,277,139 |
Shares repurchased | (13,232,723) | (9,151,532) | (11,631,258) | (11,604,592) | (8,861,772) | (21,315,427) |
Total from fund share transactions | (7,774,863) | 12,582,407 | 2,163,415 | 6,463,533 | 24,991,631 | 28,961,712 |
Total increase (decrease) | (7,364,648) | 15,741,792 | 3,762,660 | 6,463,533 | 16,077,800 | 34,894,744 |
Net assets | ||||||
Beginning of period | 46,591,041 | 30,849,249 | 22,309,111 | 17,209,451 | 67,502,154 | 32,607,410 |
End of period | $39,226,393 | $46,591,041 | $26,071,771 | $22,309,111 | $83,579,954 | $67,502,154 |
Undistributed net investment income | $153,600 | $140,612 | $353,426 | $156,588 | $406,447 | $633,024 |
Share activity | ||||||
Shares outstanding | ||||||
Beginning of period | 1,520,000 | 1,100,000 | 880,000 | 650,000 | 2,200,000 | 1,200,000 |
Shares issued | 170,000 | 720,000 | 520,000 | 670,000 | 1,200,000 | 1,700,000 |
Shares repurchased | (420,000) | (300,000) | (440,000) | (440,000) | (300,000) | (700,000) |
End of period | 1,270,000 | 1,520,000 | 960,000 | 880,000 | 3,100,000 | 2,200,000 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 87 |
Multifactor Emerging Markets ETF | Multifactor Energy ETF | Multifactor Financials ETF | |||
Period ended 10-31-181 (unaudited) | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | |
Increase (decrease) in net assets | |||||
From operations | |||||
Net investment income | $6,484 | $302,357 | $514,843 | $460,009 | $704,427 |
Net realized gain | 2,719 | 1,359,850 | 15,665 | 5,124,544 | 3,227,923 |
Change in net unrealized appreciation (depreciation) | (444,036) | (5,075,519) | 2,661,687 | (8,097,328) | 4,211,461 |
Increase (decrease) in net assets resulting from operations | (434,833) | (3,413,312) | 3,192,195 | (2,512,775) | 8,143,811 |
Distributions to shareholders | |||||
From net investment income | — | (270,511) | (451,108) | (431,922) | (574,205) |
From fund share transactions | |||||
Shares issued | 5,028,741 | 7,006,725 | 32,824,093 | 6,395,598 | 28,800,846 |
Shares repurchased | — | (10,426,274) | (14,984,090) | (16,572,109) | (10,319,798) |
Total from fund share transactions | 5,028,741 | (3,419,549) | 17,840,003 | (10,176,511) | 18,481,048 |
Total increase (decrease) | 4,593,908 | (7,103,372) | 20,581,090 | (13,121,208) | 26,050,654 |
Net assets | |||||
Beginning of period | — | 37,035,650 | 16,454,560 | 68,552,056 | 42,501,402 |
End of period | $4,593,908 | $29,932,278 | $37,035,650 | $55,430,848 | $68,552,056 |
Undistributed net investment income | $6,484 | $169,325 | $137,479 | $289,605 | $261,518 |
Share activity | |||||
Shares outstanding | |||||
Beginning of period | — | 1,180,000 | 600,000 | 1,860,000 | 1,350,000 |
Shares issued | 200,000 | 220,000 | 1,130,000 | 170,000 | 790,000 |
Shares repurchased | — | (340,000) | (550,000) | (440,000) | (280,000) |
End of period | 200,000 | 1,060,000 | 1,180,000 | 1,590,000 | 1,860,000 |
1 | Period from 9-27-18 (commencement of operations) to 10-31-18. |
88 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Healthcare ETF | Multifactor Industrials ETF | Multifactor Large Cap ETF | ||||
Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $209,161 | $289,633 | $139,859 | $254,190 | $3,944,177 | $5,765,973 |
Net realized gain | 1,239,110 | 3,342,438 | 3,134,473 | 458,046 | 5,663,091 | 15,187,234 |
Change in net unrealized appreciation (depreciation) | 1,820,803 | (828,744) | (3,697,704) | 1,566,013 | (12,848,181) | 23,495,402 |
Increase (decrease) in net assets resulting from operations | 3,269,074 | 2,803,327 | (423,372) | 2,278,249 | (3,240,913) | 44,448,609 |
Distributions to shareholders | ||||||
From net investment income | (157,487) | (339,741) | (123,307) | (242,432) | (2,770,284) | (5,555,907) |
From fund share transactions | ||||||
Shares issued | 20,724,165 | 21,374,617 | 5,400,801 | 10,714,903 | 378,011,449 | 99,743,442 |
Shares repurchased | (6,776,470) | (15,605,217) | (13,097,777) | (2,310,319) | (32,618,207) | (79,378,170) |
Total from fund share transactions | 13,947,695 | 5,769,400 | (7,696,976) | 8,404,584 | 345,393,242 | 20,365,272 |
Total increase (decrease) | 17,059,282 | 8,232,986 | (8,243,655) | 10,440,401 | 339,382,045 | 59,257,974 |
Net assets | ||||||
Beginning of period | 41,108,147 | 32,875,161 | 31,722,390 | 21,281,989 | 401,259,500 | 342,001,526 |
End of period | $58,167,429 | $41,108,147 | $23,478,735 | $31,722,390 | $740,641,545 | $401,259,500 |
Undistributed net investment income | $136,534 | $84,860 | $75,601 | $59,049 | $2,733,334 | $1,559,441 |
Share activity | ||||||
Shares outstanding | ||||||
Beginning of period | 1,320,000 | 1,150,000 | 940,000 | 700,000 | 11,625,000 | 11,000,000 |
Shares issued | 630,000 | 680,000 | 150,000 | 310,000 | 10,500,000 | 3,000,000 |
Shares repurchased | (200,000) | (510,000) | (380,000) | (70,000) | (900,000) | (2,375,000) |
End of period | 1,750,000 | 1,320,000 | 710,000 | 940,000 | 21,225,000 | 11,625,000 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 89 |
Multifactor Materials ETF | Multifactor Mid Cap ETF | Multifactor Small Cap ETF | ||||
Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Period ended 4-30-182 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $164,716 | $297,825 | $3,190,555 | $2,529,700 | $379,946 | $146,548 |
Net realized gain | 1,767,594 | 1,003,301 | 6,909,980 | 6,154,156 | 3,104,747 | 313,256 |
Change in net unrealized appreciation (depreciation) | (4,111,380) | 1,031,567 | (32,761,931) | 16,736,103 | (16,963,406) | 204,625 |
Increase (decrease) in net assets resulting from operations | (2,179,070) | 2,332,693 | (22,661,396) | 25,419,959 | (13,478,713) | 664,429 |
Distributions to shareholders | ||||||
From net investment income | (132,437) | (287,581) | (1,484,244) | (2,178,013) | (243,134) | — |
From fund share transactions | ||||||
Shares issued | 4,928,621 | 4,413,001 | 416,382,409 | 168,861,976 | 332,953,154 | 43,112,668 |
Shares repurchased | (6,911,778) | (3,388,643) | (33,488,559) | (30,309,042) | (32,844,247) | (4,597,027) |
Total from fund share transactions | (1,983,157) | 1,024,358 | 382,893,850 | 138,552,934 | 300,108,907 | 38,515,641 |
Total increase (decrease) | (4,294,664) | 3,069,470 | 358,748,210 | 161,794,880 | 286,387,060 | 39,180,070 |
Net assets | ||||||
Beginning of period | 23,120,039 | 20,050,569 | 331,888,102 | 170,093,222 | 39,180,070 | — |
End of period | $18,825,375 | $23,120,039 | $690,636,312 | $331,888,102 | $325,567,130 | $39,180,070 |
Undistributed net investment income | $108,477 | $76,198 | $2,461,115 | $754,804 | $288,470 | $151,658 |
Share activity | ||||||
Shares outstanding | ||||||
Beginning of period | 680,000 | 650,000 | 9,750,000 | 5,550,000 | 1,525,000 | — |
Shares issued | 140,000 | 130,000 | 11,950,000 | 5,100,000 | 12,625,000 | 1,700,000 |
Shares repurchased | (210,000) | (100,000) | (950,000) | (900,000) | (1,250,000) | (175,000) |
End of period | 610,000 | 680,000 | 20,750,000 | 9,750,000 | 12,900,000 | 1,525,000 |
2 | Period from 11-8-17 (commencement of operations) to 4-30-18. |
90 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Technology ETF | Multifactor Utilities ETF | |||
Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | Six months ended 10-31-18 (unaudited) | Year ended 4-30-18 | |
Increase (decrease) in net assets | ||||
From operations | ||||
Net investment income | $323,514 | $391,068 | $298,305 | $522,744 |
Net realized gain | 6,575,863 | 7,937,518 | 266,160 | 406,097 |
Change in net unrealized appreciation (depreciation) | (5,975,257) | 2,172,474 | 648,636 | (759,307) |
Increase in net assets resulting from operations | 924,120 | 10,501,060 | 1,213,101 | 169,534 |
Distributions to shareholders | ||||
From net investment income | (192,341) | (406,563) | (217,048) | (524,500) |
From fund share transactions | ||||
Shares issued | 19,305,471 | 32,182,493 | 14,594,858 | 10,614,994 |
Shares repurchased | (17,877,820) | (21,382,149) | (2,026,140) | (9,977,761) |
Total from fund share transactions | 1,427,651 | 10,800,344 | 12,568,718 | 637,233 |
Total increase | 2,159,430 | 20,894,841 | 13,564,771 | 282,267 |
Net assets | ||||
Beginning of period | 63,017,794 | 42,122,953 | 17,843,982 | 17,561,715 |
End of period | $65,177,224 | $63,017,794 | $31,408,753 | $17,843,982 |
Undistributed net investment income | $206,199 | $75,026 | $202,451 | $121,194 |
Share activity | ||||
Shares outstanding | ||||
Beginning of period | 1,470,000 | 1,200,000 | 650,000 | 650,000 |
Shares issued | 420,000 | 790,000 | 510,000 | 370,000 |
Shares repurchased | (380,000) | (520,000) | (70,000) | 370,000 |
End of period | 1,510,000 | 1,470,000 | 1,090,000 | 650,000 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 91 |
Financial Highlights |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $30.65 | $28.04 | $25.56 | $24.21 |
Net investment income3 | 0.17 | 0.32 | 0.51 | 0.18 |
Net realized and unrealized gain (loss) on investments | 0.24 | 2.58 | 2.45 | 1.24 |
Total from investment operations | 0.41 | 2.90 | 2.96 | 1.42 |
Less distributions | ||||
From net investment income | (0.17) | (0.29) | (0.48) | (0.07) |
Net asset value, end of period | $30.89 | $30.65 | $28.04 | $25.56 |
Total return (%)4 | 1.29 5 | 10.37 | 11.78 | 5.87 5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $39 | $47 | $31 | $15 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.82 6 | 0.85 | 1.07 | 1.27 6 |
Expenses including reductions | 0.50 6 | 0.50 | 0.50 | 0.50 6 |
Net investment income | 1.08 6 | 1.08 | 1.93 | 1.22 6 |
Portfolio turnover (%)7 | 21 | 9 | 16 | 5 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $25.35 | $26.48 | $25.14 | $25.12 |
Net investment income3 | 0.45 | 0.55 | 0.48 | 0.03 |
Net realized and unrealized gain (loss) on investments | 1.63 | (1.24) | 1.21 | (0.01) |
Total from investment operations | 2.08 | (0.69) | 1.69 | 0.02 |
Less distributions | ||||
From net investment income | (0.27) | (0.44) | (0.35) | — |
Net asset value, end of period | $27.16 | $25.35 | $26.48 | $25.14 |
Total return (%)4 | 8.23 5 | (2.67) | 6.75 | 0.08 5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $26 | $22 | $17 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 1.08 6 | 1.07 | 1.18 | 5.96 6 |
Expenses including reductions | 0.50 6 | 0.50 | 0.50 | 0.50 6 |
Net investment income | 3.37 6 | 2.05 | 1.86 | 1.49 6 |
Portfolio turnover (%)7 | 8 | 14 | 11 | 0 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
92 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 2 |
Per share operating performance | |||
Net asset value, beginning of period | $30.68 | $27.17 | $24.54 |
Net investment income3 | 0.35 | 0.77 | 0.31 |
Net realized and unrealized gain (loss) on investments | (3.60) | 3.43 | 2.32 |
Total from investment operations | (3.25) | 4.20 | 2.63 |
Less distributions | |||
From net investment income | (0.47) | (0.69) | — |
Net asset value, end of period | $26.96 | $30.68 | $27.17 |
Total return (%)4 | (10.69) 5 | 15.64 | 10.73 5 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $84 | $68 | $33 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 0.70 6 | 0.80 | 0.99 6 |
Expenses including reductions | 0.45 6 | 0.45 | 0.45 6 |
Net investment income | 2.38 6 | 2.60 | 3.02 6 |
Portfolio turnover (%)7 | 10 | 15 | 8 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 12-15-16 (commencement of operations) to 4-30-17. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 10-31-18 1 |
Per share operating performance | |
Net asset value, beginning of period | $25.00 |
Net investment income2 | 0.03 |
Net realized and unrealized gain (loss) on investments | (2.06) |
Total from investment operations | (2.03) |
Net asset value, end of period | $22.97 |
Total return (%)3 | (8.12) 4 |
Ratios and supplemental data | |
Net assets, end of period (in millions) | $5 |
Ratios (as a percentage of average net assets): | |
Expenses before reductions | 2.60 5 |
Expenses including reductions | 0.55 5 |
Net investment income | 1.62 5 |
Portfolio turnover (%) | 0 |
1 | Period from 9-27-18 (commencement of operations) to 10-31-18. |
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. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 93 |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $31.39 | $27.42 | $27.23 | $24.84 |
Net investment income3 | 0.26 | 0.66 4 | 0.42 | — 5 |
Net realized and unrealized gain (loss) on investments | (3.18) | 3.85 | 0.06 6 | 2.39 |
Total from investment operations | (2.92) | 4.51 | 0.48 | 2.39 |
Less distributions | ||||
From net investment income | (0.23) | (0.54) | (0.29) | — |
Net asset value, end of period | $28.24 | $31.39 | $27.42 | $27.23 |
Total return (%)7 | (9.39) 8 | 16.69 | 1.73 | 9.63 8 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $30 | $37 | $16 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.90 9 | 1.07 | 1.15 | 5.86 9 |
Expenses including reductions | 0.50 9 | 0.50 | 0.50 | 0.50 9 |
Net investment income | 1.60 9 | 2.35 4 | 1.46 | 0.20 9 |
Portfolio turnover (%)10 | 13 | 16 | 30 | 2 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 3-28-16 (commencement of operations) to 10-30-16. |
3 | Based on average daily shares outstanding. |
4 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $$0.16 to 0.58%%, respectively. |
5 | Less than $0.005 per share. |
6 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
7 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
8 | Not annualized. |
9 | Annualized. |
10 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $36.86 | $31.48 | $25.35 | $24.37 |
Net investment income3 | 0.25 | 0.45 | 0.38 | 0.21 |
Net realized and unrealized gain (loss) on investments | (2.02) | 5.30 | 6.10 | 0.85 4 |
Total from investment operations | (1.77) | 5.75 | 6.48 | 1.06 |
Less distributions | ||||
From net investment income | (0.23) | (0.37) | (0.35) | (0.08) |
Net asset value, end of period | $34.86 | $36.86 | $31.48 | $25.35 |
Total return (%)5 | (4.80) 6 | 18.33 | 25.78 | 4.33 6 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $55 | $69 | $43 | $19 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.73 7 | 0.75 | 0.99 | 1.19 7 |
Expenses including reductions | 0.50 7 | 0.50 | 0.50 | 0.50 7 |
Net investment income | 1.35 7 | 1.26 | 1.32 | 1.41 7 |
Portfolio turnover (%)8 | 2 | 8 | 7 | 11 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Not annualized. |
7 | Annualized. |
8 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
94 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $31.14 | $28.59 | $25.77 | $23.93 |
Net investment income3 | 0.13 | 0.24 | 0.30 | 0.11 |
Net realized and unrealized gain (loss) on investments | 2.07 | 2.62 | 2.72 | 1.78 |
Total from investment operations | 2.20 | 2.86 | 3.02 | 1.89 |
Less distributions | ||||
From net investment income | (0.10) | (0.31) | (0.20) | (0.05) |
Net asset value, end of period | $33.24 | $31.14 | $28.59 | $25.77 |
Total return (%)4 | 7.07 5 | 10.04 | 11.78 | 7.89 5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $58 | $41 | $33 | $17 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.77 6 | 0.86 | 1.06 | 1.23 6 |
Expenses including reductions | 0.50 6 | 0.50 | 0.50 | 0.50 6 |
Net investment income | 0.75 6 | 0.79 | 1.12 | 0.74 6 |
Portfolio turnover (%)7 | 13 | 11 | 14 | 6 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $33.75 | $30.40 | $25.37 | $25.01 |
Net investment income3 | 0.18 | 0.33 | 0.35 | 0.01 |
Net realized and unrealized gain (loss) on investments | (0.69) | 3.33 | 4.94 | 0.35 |
Total from investment operations | (0.51) | 3.66 | 5.29 | 0.36 |
Less distributions | ||||
From net investment income | (0.17) | (0.31) | (0.26) | — |
Net asset value, end of period | $33.07 | $33.75 | $30.40 | $25.37 |
Total return (%)4 | (1.53) 5 | 12.04 | 20.95 | 1.45 5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $23 | $32 | $21 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 1.03 6 | 0.98 | 1.12 | 5.95 6 |
Expenses including reductions | 0.50 6 | 0.50 | 0.50 | 0.50 6 |
Net investment income | 0.98 6 | 0.98 | 1.24 | 0.50 6 |
Portfolio turnover (%)7 | 2 | 3 | 8 | 0 8 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
8 | Less than 1%. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 95 |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $34.52 | $31.09 | $26.69 | $24.35 |
Net investment income3 | 0.30 | 0.51 | 0.49 | 0.27 |
Net realized and unrealized gain (loss) on investments | 0.29 | 3.42 | 4.31 | 2.17 |
Total from investment operations | 0.59 | 3.93 | 4.80 | 2.44 |
Less distributions | ||||
From net investment income | (0.22) | (0.50) | (0.40) | (0.10) |
Net asset value, end of period | $34.89 | $34.52 | $31.09 | $26.69 |
Total return (%)4 | 1.73 5 | 12.69 | 18.13 | 10.01 5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $741 | $401 | $342 | $27 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.38 6 | 0.40 | 0.45 | 0.93 6 |
Expenses including reductions | 0.35 6 | 0.35 | 0.35 | 0.35 6 |
Net investment income | 1.63 6 | 1.53 | 1.67 | 1.80 6 |
Portfolio turnover (%)7 | 3 | 5 | 12 | 6 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $34.00 | $30.85 | $26.76 | $25.10 |
Net investment income3 | 0.24 | 0.44 | 0.44 | 0.04 |
Net realized and unrealized gain (loss) on investments | (3.18) | 3.13 | 3.97 | 1.62 |
Total from investment operations | (2.94) | 3.57 | 4.41 | 1.66 |
Less distributions | ||||
From net investment income | (0.20) | (0.42) | (0.32) | — |
Net asset value, end of period | $30.86 | $34.00 | $30.85 | $26.76 |
Total return (%)4 | (8.70) 5 | 11.62 | 16.58 | 6.63 5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $19 | $23 | $20 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 1.14 6 | 1.05 | 1.15 | 5.85 6 |
Expenses including reductions | 0.50 6 | 0.50 | 0.50 | 0.50 6 |
Net investment income | 1.39 6 | 1.32 | 1.51 | 1.57 6 |
Portfolio turnover (%)7 | 14 | 10 | 17 | 0 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
96 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $34.04 | $30.65 | $26.07 | $24.29 |
Net investment income3 | 0.26 | 0.34 | 0.33 | 0.21 |
Net realized and unrealized gain (loss) on investments | (0.88) | 3.36 | 4.58 | 1.65 |
Total from investment operations | (0.62) | 3.70 | 4.91 | 1.86 |
Less distributions | ||||
From net investment income | (0.14) | (0.31) | (0.33) | (0.08) |
Net asset value, end of period | $33.28 | $34.04 | $30.65 | $26.07 |
Total return (%)4 | (1.84) 5 | 12.11 | 18.96 | 7.70 5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $691 | $332 | $170 | $20 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.48 6 | 0.52 | 0.61 | 1.11 6 |
Expenses including reductions | 0.45 6 | 0.45 | 0.45 | 0.45 6 |
Net investment income | 1.44 6 | 1.03 | 1.16 | 1.44 6 |
Portfolio turnover (%)7 | 5 | 11 | 14 | 12 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 10-31-18 1 | 4-30-18 2 |
Per share operating performance | ||
Net asset value, beginning of period | $25.69 | $25.00 |
Net investment income3 | 0.13 | 0.13 |
Net realized and unrealized gain (loss) on investments | (0.44) | 0.56 |
Total from investment operations | (0.31) | 0.69 |
Less distributions | ||
From net investment income | (0.14) | — |
Net asset value, end of period | $25.24 | $25.69 |
Total return (%)4 | (1.25) 5 | 2.77 5 |
Ratios and supplemental data | ||
Net assets, end of period (in millions) | $326 | $39 |
Ratios (as a percentage of average net assets): | ||
Expenses before reductions | 0.77 6 | 0.90 6,7 |
Expenses including reductions | 0.50 6 | 0.51 6,7 |
Net investment income | 0.99 6 | 1.05 6 |
Portfolio turnover (%)8 | 11 | 17 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 11-8-17 (commencement of operations) to 4-30-18. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Certain expenses are presented unannualized due to the short reporting period. |
8 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 97 |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $42.87 | $35.10 | $25.86 | $24.42 |
Net investment income3 | 0.21 | 0.28 | 0.34 | 0.27 |
Net realized and unrealized gain (loss) on investments | 0.21 | 7.77 | 9.30 | 1.26 4 |
Total from investment operations | 0.42 | 8.05 | 9.64 | 1.53 |
Less distributions | ||||
From net investment income | (0.13) | (0.28) | (0.40) | (0.09) |
Net asset value, end of period | $43.16 | $42.87 | $35.10 | $25.86 |
Total return (%)5 | 0.97 6 | 23.02 | 37.66 | 6.26 6 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $65 | $63 | $42 | $18 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.71 7 | 0.74 | 1.00 | 1.18 7 |
Expenses including reductions | 0.50 7 | 0.50 | 0.50 | 0.50 7 |
Net investment income | 0.90 7 | 0.70 | 1.11 | 1.75 7 |
Portfolio turnover (%)8 | 6 | 7 | 18 | 11 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | The amount shown for net investment income per share does not correspond with distributions from net investment income due to the timing of sales and repurchase of shares throughout the period as compared to shares outstanding at distribution date. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Not annualized. |
7 | Annualized. |
8 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 10-31-18 1 | 4-30-18 | 4-30-17 | 4-30-16 2 |
Per share operating performance | ||||
Net asset value, beginning of period | $27.45 | $27.02 | $24.86 | $24.92 |
Net investment income3 | 0.39 | 0.77 | 0.71 | 0.02 |
Net realized and unrealized gain (loss) on investments | 1.31 | 0.34 4 | 1.94 | (0.08) |
Total from investment operations | 1.70 | 1.11 | 2.65 | (0.06) |
Less distributions | ||||
From net investment income | (0.33) | (0.68) | (0.49) | — |
Net asset value, end of period | $28.82 | $27.45 | $27.02 | $24.86 |
Total return (%)5 | 6.23 6 | 4.14 | 10.79 | (0.27) 6 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $31 | $18 | $18 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 1.19 7 | 1.16 | 1.18 | 6.05 7 |
Expenses including reductions | 0.50 7 | 0.50 | 0.50 | 0.50 7 |
Net investment income | 2.76 7 | 2.78 | 2.77 | 0.95 7 |
Portfolio turnover (%)8 | 8 | 12 | 16 | 0 |
1 | Six months ended 10-31-18. Unaudited. |
2 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
3 | Based on average daily shares outstanding. |
4 | The amount shown for net investment income per share does not correspond with distributions from net investment income due to the timing of sales and repurchase of shares throughout the period as compared to shares outstanding at distribution date. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Not annualized. |
7 | Annualized. |
8 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
98 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
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), fourteen 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 Emerging Markets ETF | John Hancock Dimensional Emerging Markets 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 Emerging Markets ETF commenced operations on September 27, 2018.
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 fund uses 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 fund's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing
securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
As of October 31, 2018, all funds' investments are categorized as Level 1 under the hierarchy described above, except for Multifactor Developed International ETF and Multifactor Emerging Markets ETF.
The following is a summary of the values by input classification of Multifactor Developed International ETF and Multifactor Emerging Markets ETF's investments as of October 31, 2018, by major security category or type:
MULTIFACTOR DEVELOPED INTERNATIONAL ETF
Total value at 10-31-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||
Investments in securities: | |||||
Assets | |||||
Common stocks | |||||
Australia | $5,448,387 | $5,448,387 | — | — | |
Austria | 167,786 | 167,786 | — | — | |
Belgium | 927,543 | 927,543 | — | — | |
Chile | 53,087 | 53,087 | — | — | |
Denmark | 1,237,362 | 1,237,362 | — | — | |
Finland | 1,083,578 | 1,083,578 | — | — | |
France | 8,209,233 | 8,209,233 | — | — | |
Germany | 7,575,529 | 7,575,529 | — | — | |
Hong Kong | 2,656,299 | 2,656,299 | — | — | |
Ireland | 766,653 | 766,653 | — | — | |
Isle of Man | 17,839 | 17,839 | — | — | |
Israel | 268,385 | 268,385 | — | — | |
Italy | 1,611,288 | 1,611,288 | — | — | |
Japan | 22,050,620 | 22,050,620 | — | — | |
Luxembourg | 285,111 | 285,111 | — | — | |
Macau | 88,873 | 88,873 | — | — | |
Mexico | 24,895 | 24,895 | — | — | |
Netherlands | 3,236,783 | 3,236,783 | — | — | |
New Zealand | 98,004 | 98,004 | — | — | |
Norway | 597,205 | 597,205 | — | — | |
Portugal | 104,918 | 104,918 | — | — | |
Singapore | 810,372 | 810,372 | — | — | |
Spain | 2,353,480 | 2,353,480 | — | — | |
Sweden | 2,090,804 | 2,090,804 | — | — | |
Switzerland | 7,544,042 | 7,544,042 | — | — | |
United Arab Emirates | 42,152 | 42,152 | — | — | |
United Kingdom | 13,248,981 | 13,247,196 | $1,785 | — | |
United States | 27,392 | 27,392 | — | — | |
Preferred securities | 571,131 | 571,131 | — | — | |
Rights | 2,192 | 2,192 | — | — | |
Securities lending collateral | 1,792,290 | 1,792,290 | — | — | |
Short-term investments | 176,514 | 176,514 | — | — | |
Total investments in securities | $85,168,728 | $85,166,943 | $1,785 | — |
MULTIFACTOR EMERGING MARKETS ETF
Total value at 10-31-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |||||||||||
Investments in securities: | ||||||||||||||
Assets | ||||||||||||||
Common stocks | $4,449,885 | $4,449,885 | — | — |
Total value at 10-31-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |||||||||||
Preferred securities | 114,167 | $114,167 | — | — | ||||||||||
Rights | 15 | 3 | $12 | — | ||||||||||
Short-term investments | 18,693 | 18,693 | — | — | ||||||||||
Total investments in securities | $4,582,760 | $4,582,748 | $12 | — |
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 fund 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 or securities as collateral from the borrower in an amount not less than the market value of the loaned securities. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The funds will invest cash 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 portfolios 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 October 31, 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 | $1,604,980 | $1,935,601 |
Multifactor Consumer Staples ETF | 554,672 | 514,663 |
Multifactor Developed International ETF | 1,438,172 | 1,792,580 |
Multifactor Energy ETF | 316,293 | 321,208 |
Multifactor Financials ETF | 103,177 | 171,736 |
Multifactor Industrials ETF | 285,710 | 296,849 |
Multifactor Large Cap ETF | 7,503,098 | 7,651,304 |
Multifactor Mid Cap ETF | 14,722,407 | 14,968,042 |
Multifactor Small Cap ETF | 8,384,080 | 9,913,818 |
Multifactor Technology ETF | 791,196 | 728,939 |
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 funds 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. In certain circumstances, 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 fund's 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.
The funds and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $750 million unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, 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.
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 six months ended October 31, 2018, the funds had no borrowings under either line of credit.
Commitment fees for the six months ended October 31, 2018 were as follows:
Fund | Commitment fee |
Multifactor Consumer Discretionary ETF | $1,257 |
Multifactor Consumer Staples ETF | 1,225 |
Multifactor Developed International ETF | 1,272 |
Multifactor Emerging Markets ETF | 73 |
Multifactor Energy ETF | 1,241 |
Multifactor Financials ETF | 1,283 |
Multifactor Healthcare ETF | 1,257 |
Multifactor Industrials ETF | 1,237 |
Multifactor Large Cap ETF | 1,754 |
Multifactor Materials ETF | 1,225 |
Multifactor Mid Cap ETF | 1,644 |
Multifactor Small Cap ETF | 999 |
Multifactor Technology ETF | 1,276 |
Multifactor Utilities ETF | 1,220 |
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, certain funds have short-term and long-term capital loss carryforwards available to offset future net realized capital gains. These carryforwards do not expire. The following table details the capital loss carryforwards available as of April 30, 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 | — |
Multifactor Utilities ETF | 248,532 | 2,814 |
As of April 30, 2018, the funds had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The funds' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on October 31, 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 | $39,713,766 | $3,501,043 | ($1,982,570 | ) | $1,518,473 | |||||||||
Multifactor Consumer Staples ETF | 26,855,705 | 1,002,576 | (1,215,611 | ) | (213,035 | ) | ||||||||
Multifactor Developed International ETF | 90,444,186 | 1,493,985 | (6,769,443 | ) | (5,275,458 | ) | ||||||||
Multifactor Emerging Markets ETF | 5,026,814 | 67,500 | (511,554 | ) | (444,054 | ) | ||||||||
Multifactor Energy ETF | 32,716,225 | 394,822 | (2,806,929 | ) | (2,412,107 | ) | ||||||||
Multifactor Financials ETF | 54,645,947 | 3,649,163 | (2,604,973 | ) | 1,044,190 | |||||||||
Multifactor Healthcare ETF | 54,426,590 | 6,292,909 | (2,463,198 | ) | 3,829,711 | |||||||||
Multifactor Industrials ETF | 23,760,606 | 1,665,314 | (1,577,782 | ) | 87,532 | |||||||||
Multifactor Large Cap ETF | 711,768,086 | 59,773,960 | (23,479,500 | ) | 36,294,460 | |||||||||
Multifactor Materials ETF | 19,805,185 | 543,598 | (1,457,485 | ) | (913,887 | ) | ||||||||
Multifactor Mid Cap ETF | 708,123,716 | 28,976,663 | (32,055,695 | ) | (3,079,032 | ) | ||||||||
Multifactor Small Cap ETF | 352,249,179 | 2,932,687 | (19,696,382 | ) | (16,763,695 | ) | ||||||||
Multifactor Technology ETF | 62,493,142 | 6,969,355 | (3,436,771 | ) | 3,532,584 | |||||||||
Multifactor Utilities ETF | 30,923,863 | 1,016,770 | (459,144 | ) | 557,626 |
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The funds generally declare and pay dividends at least semiannually from net investment income, if any. Capital gain distributions, if any, are typically distributed annually.
Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital. The final determination of tax characteristics of the fund's distribution will occur at the end of the year and will subsequently be reported to shareholders.
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. Receivable for futures variation margin 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 six months ended October 31, 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 Energy ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $146,000 | ||||||
Multifactor Financials ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $435,000 |
Fund | Reason | USD notional range | ||||||
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 $5.5 million | ||||||
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 $5.7 million | ||||||
Multifactor Technology ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $816,000 |
There were no open futures contracts as of October 31, 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 six months ended October 31, 2018:
Statements of operations location - net realized gain (loss) on: | ||||||||
Fund | Risk | Futures contracts | ||||||
Multifactor Energy | Equity | ($1,954 | ) | |||||
Multifactor Financials ETF | Equity | 2,205 | ||||||
Multifactor Large Cap ETF | Equity | 18,168 | ||||||
Multifactor Mid Cap ETF | Equity | 16,157 | ||||||
Multifactor Technology ETF | Equity | 691 |
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% of the fund's average daily net assets for all asset levels |
• | Multifactor Emerging Markets ETF — a) 0.600% of the first $500 million of the fund's average daily net assets, b) 0.525% of the fund's average daily net assets in the next of $500 million and c) 0.500% of the fund's average daily net assets in excess of $1 billion |
• | Multifactor Large Cap ETF — Aggregate net assets are the aggregate net assets of the fund, Manulife Multifactor U.S. Large cap Index ETF (hedged) and Manulife Multifactor U.S. Large Cap Index ETF (unhedged).The management fee paid is as follows: a) 0.300% of the first $300 million of the fund's aggregate daily net assets and b) 0.280% of the fund's aggregate daily net assets in excess of $300 million |
• | Multifactor Mid Cap ETF — Aggregate net assets are the aggregate net assets of the fund, Manulife Multifactor U.S. Mid cap Index ETF (hedged) and Manulife Multifactor U.S. Mid Cap Index ETF (unhedged).The management fee paid is as follows: a) 0.400% of the first $300 million of the fund's aggregate daily net assets and b) 0.370% of the fund's aggregate daily net assets in excess of $300 million |
• | Multifactor Small Cap ETF — 0.500% of the fund's average daily net assets 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 six months ended October 31, 2018, this waiver amounted to 0.01% of the funds' average net assets on an annualized basis. This agreement expires on June 30, 2020, 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 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 Industrials ETF | 0.50% |
Fund | Expense limitation as a percentage of average net assets | Fund | Expense limitation as a percentage of average net assets | |||||||||||
Multifactor Consumer Staples ETF | 0.50% | Multifactor Large Cap ETF | 0.35% | |||||||||||
Multifactor Developed International ETF | 0.45% | Multifactor Materials ETF | 0.50% | |||||||||||
Multifactor Emerging Markets ETF | 0.55% | 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% |
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 Emerging Markets ETF, expense limitation agreement expires on August 31, 2019, 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 Emerging Markets ETF expires on August 31, 2020 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 six months ended October 31, 2018:
Fund | Expense reimbursement | Fund | Expense reimbursement | |
Multifactor Consumer Discretionary ETF | $76,291 | Multifactor Industrials ETF | $75,426 | |
Multifactor Consumer Staples ETF | 74,973 | Multifactor Large Cap ETF | 69,244 | |
Multifactor Developed International ETF | 88,700 | Multifactor Materials ETF | 75,304 | |
Multifactor Emerging Markets ETF | 8,212 | Multifactor Mid Cap ETF | 55,637 | |
Multifactor Energy ETF | 75,074 | Multifactor Small Cap ETF | 101,878 | |
Multifactor Financials ETF | 79,941 | Multifactor Technology ETF | 76,815 | |
Multifactor Healthcare ETF | 75,901 | Multifactor Utilities ETF | 74,966 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended October 31, 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 | 0.13% | Multifactor Industrials ETF | 0.00% | |
Multifactor Consumer Staples ETF | 0.00% | Multifactor Large Cap ETF | 0.26% | |
Multifactor Developed International ETF | 0.20% | Multifactor Materials ETF | 0.00% | |
Multifactor Emerging Markets ETF | 0.00% | Multifactor Mid Cap ETF | 0.37% | |
Multifactor Energy ETF | 0.05% | Multifactor Small Cap ETF | 0.23% | |
Multifactor Financials ETF | 0.22% | Multifactor Technology ETF | 0.24% | |
Multifactor Healthcare ETF | 0.18% | Multifactor Utilities ETF | 0.00% |
Accounting and legal services. Pursuant to a service agreement, the funds reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, 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 six months ended October 31, 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
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. 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 issues and redeems shares at NAV in creation units of 10,000 shares. Multifactor Developed International ETF and Multifactor Emerging Markets ETF issues and redeems 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 October 31, 2018:
Fund | % by Fund |
Multifactor Consumer Discretionary ETF | 69% |
Multifactor Consumer Staples ETF | 59% |
Multifactor Energy ETF | 50% |
Multifactor Financials ETF | 39% |
Multifactor Healthcare ETF | 40% |
Multifactor Industrials ETF | 79% |
Multifactor Materials ETF | 89% |
Multifactor Technology ETF | 38% |
Multifactor Utilities ETF | 52% |
Such concentration of shareholders' capital could have a material effect on a fund if such shareholders redeem from the fund.
Note 7 — Purchase and sale of securities
Purchases and sales of securities, other than in-kind transactions and short-term securities, are aggregated below for the six months ended October 31, 2018. In addition, purchases and sales of in-kind transactions are aggregated below for the six months ended October 31, 2018:
Purchases | Sales and maturities | ||||
Fund | In-kind transactions | Other issuers | In-kind transactions | Other issuers | |
Multifactor Consumer Discretionary ETF | $5,478,379 | $9,824,037 | $13,210,151 | $9,860,833 | |
Multifactor Consumer Staples ETF | 13,788,632 | 1,997,045 | 11,608,607 | 1,970,013 | |
Multifactor Developed International ETF | 33,646,324 | 7,268,416 | 8,830,970 | 7,215,993 | |
Multifactor Emerging Markets ETF | — | 5,008,121 | — | — | |
Multifactor Energy ETF | 7,004,623 | 4,907,068 | 10,398,843 | 4,898,868 | |
Multifactor Financials ETF | 6,409,021 | 1,643,444 | 16,594,335 | 1,603,476 | |
Multifactor Healthcare ETF | 20,723,180 | 6,863,438 | 6,757,249 | 6,845,676 | |
Multifactor Industrials ETF | 5,396,752 | 707,345 | 13,071,994 | 714,832 | |
Multifactor Large Cap ETF | 366,625,769 | 15,861,455 | 21,781,093 | 14,908,127 | |
Multifactor Materials ETF | 4,928,093 | 3,352,921 | 6,896,351 | 3,342,896 | |
Multifactor Mid Cap ETF | 29,187,538 | 404,496,661 | 25,962,569 | 24,365,480 | |
Multifactor Small Cap ETF | 332,695,104 | 9,521,690 | 25,737,197 | 15,836,295 | |
Multifactor Technology ETF | 19,292,148 | 3,992,230 | 17,839,679 | 3,976,451 | |
Multifactor Utilities ETF | 14,596,251 | 1,875,648 | 2,021,976 | 1,811,880 |
Note 8 — Investment in affiliated underlying funds
The funds may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund's purchases and sales of the affiliated underlying funds as well as income and capital gains earned, if any, during the period is as follows:
Dividends and distributions | |||||||||||||||||||||||||||||
Fund | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
Multifactor Consumer Discretionary ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 269,086 | 1,458,711 | (1,534,401 | ) | 193,396 | — | — | $180 | ($338 | ) | $1,934,594 | ||||||||||||||||||
Multifactor Consumer Staples ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 101,456 | 622,050 | (672,071 | ) | 51,435 | — | — | $187 | ($100 | ) | $514,522 | ||||||||||||||||||
Multifactor Developed International ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 339,360 | 1,684,374 | (1,844,564 | ) | 179,170 | — | — | $503 | ($369 | ) | $1,792,290 | ||||||||||||||||||
Multifactor Energy ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 175,357 | 776,325 | (920,886 | ) | 30,796 | — | — | $84 | ($98 | ) | $308,065 | ||||||||||||||||||
Multifactor Financials ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 54,760 | 254,740 | (292,333 | ) | 17,167 | — | — | $87 | ($24 | ) | $171,725 |
Dividends and distributions | |||||||||||||||||||||||||||||
Fund | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
Multifactor Industrials ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | — | 272,556 | (243,363 | ) | 29,193 | — | — | ($24 | ) | ($26 | ) | $292,027 | |||||||||||||||||
Multifactor Large Cap ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 954,493 | 3,276,540 | (3,481,312 | ) | 749,721 | — | — | $1,051 | ($1,232 | ) | $7,499,687 | ||||||||||||||||||
Multifactor Mid Cap ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 2,032,749 | 6,041,739 | (6,639,535 | ) | 1,434,953 | — | — | $2,348 | ($2,532 | ) | $14,354,270 | ||||||||||||||||||
Multifactor Small Cap ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 277,011 | 2,475,403 | (1,761,535 | ) | 990,879 | — | — | ($202 | ) | ($1,398 | ) | $9,912,058 | |||||||||||||||||
Multifactor Technology ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 208,331 | 1,005,902 | (1,141,400 | ) | 72,833 | — | — | $210 | ($164 | ) | $728,566 |
*Refer to the Securities lending note within Note 2 for details regarding this investment.
Note 9 — Investment by affiliated funds
Certain investors in the funds are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the funds for the purpose of exercising management or control; however, this investment may represent a significant portion of the funds' net assets. At October 31, 2018, funds within the John Hancock group of funds complex had the following affiliate ownership as a percentage of the funds' net assets (funds with an affiliate ownership of 5% or more are disclosed separately):
Fund | Affiliated fund | Affiliated concentration |
Multifactor Developed International ETF | John Hancock Variable Insurance Trust Lifestyle Growth MVP | 34.6% |
John Hancock Variable Insurance Trust Lifestyle Aggressive MVP | 10.7% | |
Total | 45.3% | |
Multifactor Emerging Markets ETF | John Hancock Variable Insurance Trust Lifestyle Growth MVP | 33.1% |
John Hancock Variable Insurance Trust Lifestyle Balanced MVP | 15.9% | |
Other affiliated funds | 5.8% | |
Total | 54.8% | |
Multifactor Large Cap ETF | John Hancock Variable Insurance Trust Lifestyle Growth MVP | 33.8% |
John Hancock Variable Insurance Trust Lifestyle Balanced MVP | 22.1% | |
Other affiliated funds | 7.1% | |
Total | 63.0% | |
Multifactor Mid Cap ETF | John Hancock Variable Insurance Trust Lifestyle Growth MVP | 23.1% |
John Hancock Variable Insurance Trust Lifestyle Balanced MVP | 15.8% | |
Other affiliated funds | 5.5% | |
Total | 44.4% | |
Multifactor Small Cap ETF | John Hancock Variable Insurance Trust Lifestyle Growth MVP | 55.0% |
John Hancock Variable Insurance Trust Lifestyle Balanced MVP | 26.3% | |
Other affiliated funds | 10.7% | |
Total | 92.0% |
Note 10 — 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, those assets may fluctuate more widely than those of 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.
CONTINUATION OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees
This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Exchange-Traded Fund Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Advisers, LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Dimensional Fund Advisors LP (the Subadvisor) with respect to each of the portfolios of the Trust included in this report, with the exception of John Hancock Multifactor Emerging Markets ETF, which is covered in a separate section, and John Hancock Multifactor Small Cap ETF (the Funds). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 18-21, 2018 in-person meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at an in-person meeting held on May 29-31, 2018.
Approval of Advisory and Subadvisory Agreements
At in-person meetings held on June 18-21, 2018, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to each of the Funds identified in Appendix A.
In considering the Advisory Agreement and the Subadvisory Agreement with respect to each Fund, the Board received in advance of the meetings a variety of materials relating to each Fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for peer groups of similar funds prepared by an independent third-party provider of fund data; performance information for the Funds' benchmark indices; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable; and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor's revenues and costs of providing services to the Funds and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning Fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the Funds, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the Funds they manage. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of the non-advisory services, if any, to be provided to the Funds by the Advisor and/or its affiliates, including administrative services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the Funds. In addition, although the Board approved the renewal of the Agreements for all the Funds at the June meeting, the Board considered each Fund separately.
Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.
Approval of Advisory Agreement
In approving the Advisory Agreement with respect to each Fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board's conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of Fund performance and operations throughout the year.
Nature, extent and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the Funds, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor's compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust's Chief Compliance Officer (CCO) regarding the Funds' compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund's compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the Funds, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers, including the Funds' distributor. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the Funds including entrepreneurial risk in sponsoring new Funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all Funds.
In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor's management and the quality of the performance of the Advisor's duties, through Board meetings, discussions and reports during the preceding year and through each Trustee's experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).
In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:
The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the Funds.
Investment performance. In considering each Fund's performance, the Board noted that it reviews at its regularly scheduled meetings information about the Funds' performance results. In connection with the consideration of the Advisory Agreement, the Board:
(a) | reviewed information prepared by management regarding the Funds' performance; | |
(b) | considered the comparative performance of each Fund's respective benchmark; | |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and | |
(d) | took into account the Advisor's analysis of each Fund's performance and its plans and recommendations regarding the Trust's subadvisory arrangements generally and with respect to particular Funds. |
The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board also noted the relatively short performance history of each Fund. The Board reviewed Fund performance against each Fund's respective benchmark and also concluded that the performance of each of the Funds has generally been in line with or generally outperformed the historical performance of comparable funds and/or each Fund's respective benchmark, with certain exceptions noted in Appendix A. In such cases, the Board concluded that such performance is being monitored and reasonably addressed, where appropriate.
Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, each Fund's contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the Fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered each Fund's ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the Fund's ranking within broader groups of funds. In comparing each Fund's contractual and net management fees to that of comparable funds, the Board noted that such fees include both advisory and administrative costs.
The Board took into account management's discussion of the fund's expenses. The Board also took into account management's discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fees of the Funds, and that such fees are negotiated at arm's length with respect to the Subadvisor. The Board also took into account that management had agreed to implement an overall fee waiver across the complex, including each of the Funds, which is discussed further below. The Board also noted management's discussion of the Funds' expenses, as well as any actions taken over the past several years to reduce the Funds' operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to each Fund and that certain of the Funds have breakpoints in their contractual management fee schedules that reduce management fees as assets increase. The Board reviewed information provided by the Advisor concerning the investment advisory fees charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor's and Subadvisor's services to a Fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to each of the Funds is reasonable in light of the nature, extent and quality of the services provided to the Funds under the Advisory Agreement.
Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor's relationship with the Trust, the Board:
(a) | reviewed financial information of the Advisor; | |||||||
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates, of each Fund; | |||||||
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to each Fund; |
(d) | received information with respect to the Advisor's allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor's allocation methodologies; | |||||||
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain Funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability analysis reviewed by the Board; | |||||||
(f) | considered that the Advisor also provides administrative services to the Funds on a cost basis pursuant to an administrative services agreement; | |||||||
(g) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the Funds; | |||||||
(h) | noted that the subadvisory fees for the Funds are paid by the Advisor and are negotiated at arm's length; | |||||||
(i) | noted that the Advisor also pays the Subadvisor a license fee in connection with each Fund's use of its Underlying Index; | |||||||
(j) | 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 | |||||||
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to each Fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with each Fund was reasonable and not excessive.
Economies of scale. In considering the extent to which a Fund may realize any economies of scale and whether fee levels reflect these economies of scale for the benefit of Fund shareholders, the Board:
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the Funds (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; | |
(b) | took into account management's discussion of the Funds' advisory fee structure and concluded that: (i) most of the Funds' fee structures contain breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for such Funds; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of such Funds to benefit from economies of scale if the Funds grow; and | |
(c) | considered the effect of the Funds' growth in size on their performance and fees. The Board also noted that if the Funds' assets increase over time, the Funds may realize other economies of scale. |
Approval of Subadvisory Agreement
In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:
(1) | information relating to the Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex; | |
(2) | the historical and current performance of each Fund and comparative performance information relating to the Fund's benchmark and comparable funds; | |
(3) | the subadvisory fee for each Fund, including any breakpoints and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and | |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust's Advisor and Subadvisor. |
Nature, extent and quality of services. With respect to the services provided by the Subadvisor with respect to each Fund, the Board received information provided to the Board by the Subadvisor, including the Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor's current level of staffing and its overall resources, as well as received information relating to the Subadvisor's compensation program. The Board reviewed the Subadvisor's history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor's investment and compliance personnel who provide services to the Funds. The Board also considered, among other things, the Subadvisor's compliance program and any disciplinary history. The Board also considered the Subadvisor's risk assessment and monitoring process. The Board reviewed the Subadvisor's regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust's CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.
The Board considered the Subadvisor's investment process and philosophy. The Board took into account that the Subadvisor's responsibilities include the development and maintenance of an investment program for each Fund that is consistent with the Fund's investment objective, the selection of investment securities and the
placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor's brokerage policies and practices, including with respect to best execution and soft dollars.
Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with each Fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the Funds.
The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with 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 material factor in the Board's consideration of the Subadvisory Agreement.
The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.
In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor's relationship with the Funds, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.
Subadvisory fees. The Board considered that the Fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays subadvisory fees to the Subadvisor. As noted above, the Board also considered each Fund's subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the Funds as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer groups were not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the Funds to fees charged by each Fund's Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.
Subadvisor performance. As noted above, the Board considered each Fund's performance as compared to the Fund's respective peer group and the benchmark index and noted that the Board reviews information about the Fund's performance results at its regularly scheduled meetings. The Board noted the Advisor's expertise and resources in monitoring the performance, investment style, and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor's focus on the Subadvisor's performance. The Board also noted the Subadvisor's long-term performance record for similar accounts, as applicable.
The Board's decision to approve the Subadvisory Agreement with respect to each Fund was based on a number of determinations, including the following:
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; | |
(2) | although not without variation, the performance of each Fund has generally been in line with or generally outperformed the historical performance of comparable funds and/or each Fund's respective benchmark, with the exceptions noted in Appendix A; | |
(3) | the subadvisory fees are reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and | |
(4) | the subadvisory fees are paid by the Advisor and not the Funds and that subadvisory fee breakpoints for most of the Funds are reflected as breakpoints in the advisory fees for such Funds in order to permit shareholders to benefit from economies of scale if the Funds grow. |
Additional information relating to each Fund's fees and expenses and performance that the Board considered in approving the Advisory Agreement and Subadvisory Agreement for a particular Fund is set forth in Appendix A.
* * *
Based on the Board's evaluation of all factors that the Board deemed to be material, including those factors described above, and assisted by the advice of independent legal counsel, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement with respect to each Fund would be in the best interest of each of the respective Funds and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement with respect to each Fund for an additional one-year period.
APPENDIX A
Portfolio (subadvisors) | Performance of fund, as of 12.31.2017 | Fees and expenses | Comments | ||||||||
Multifactor Consumer Discretionary ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and underperformed the average for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the peer group for the one-year period. | ||||||||
Multifactor Consumer Staples ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since March 31, 2016. Lipper Category - The fund underperformed the average for the one-year period and for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are lower than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index for the one-year period and the period since March 31, 2016. | ||||||||
Multifactor Developed International ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the one-year period and for the period since December 31, 2016. Lipper Category - The fund outperformed the average for the one-year period and for the period since December 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the peer group for the one-year period and for the period since December 31, 2016. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Energy ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since March 31, 2016. Lipper Category - The fund outperformed the average for the one-year period and for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index and peer group for the one-year period and for the period since March 31, 2016. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Financials ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the one-year period and outperformed for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index for the period since September 30, 2015 and to the peer group for the one-year period and for the period since September 30, 2015. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Health Care ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund underperformed the average for the one-year period and outperformed the average for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the peer group for the period since September 30, 2015. |
Portfolio (subadvisors) | Performance of fund, as of 12.31.2017 | Fees and expenses | Comments | ||||||||
Multifactor Industrials ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since March 31, 2016. Lipper Category - The fund outperformed the average for the one-year period and for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index and peer group for the one-year period and for the period since March 31, 2016. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Large Cap ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the peer group for the one-year period and since September 30, 2015. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Materials ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since March 31, 2016. Lipper Category - The fund underperformed the average for the one-year period and for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index for the one-year period and for the period since March 31, 2016. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Mid Cap ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund outperformed the average for the one-year period and for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are equal to the peer group median. Total expenses for this fund are higher than the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the benchmark index and peer group for the one-year period and for the period since September 30, 2015. The Board took into account management's discussion of the fund's expenses. | ||||||||
Multifactor Technology ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund underperformed for the one-year period and for the period since September 30, 2015. Lipper Category - The fund underperformed the average for the one-year period and outperformed the average for the period since September 30, 2015. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including the favorable performance relative to the peer group for the period since September 30, 2015. | ||||||||
Multifactor Utilities ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one-year period and for the period since March 31, 2016. Lipper Category - The fund outperformed the average for the one-year period and underperformed the average for the period since March 31, 2016. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Total expenses for this fund are equal to the peer group median. | The Board took into account management's discussion of the fund's performance, including favorable performance relative to the benchmark index for the one-year period and the period since March 31, 2016 and to the peer group for the one-year period. |
EVALUATION OF ADVISORY AND SUBADVISORY AGREEMENTS BY THE BOARD OF TRUSTEES
Approval of Advisory and Subadvisory Agreements
At an in-person meeting held on September 10-13, 2018, the Board of Trustees (the Board) of John Hancock Exchange-Traded Fund Trust (the Trust), including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), approved the establishment of John Hancock Multifactor Emerging Markets 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 meeting 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 information received and considered by the Board in connection with the September meeting and throughout the year (with respect to other Funds) was both written and oral. The Board also considered the nature, quality, and extent of the non-advisory services, if any, to be provided to the 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 18-21, 2018 in-person meeting. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the 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 counsel for the Trust, and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed 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 its 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 reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor's compliance and regulatory history. The Board also noted that on a regular basis it receives and reviews information from the Trust's Chief Compliance Officer (CCO) regarding the Funds' compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board 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 to be 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 Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).
In the course of its deliberations regarding the Advisory Agreement, the Board considered, among other things:
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.
Fees and Expenses. The Board reviewed comparative information including, among other data, the New Fund's anticipated 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 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 and 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 entrepreneurial, 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 for certain funds of the John Hancock Fund Complex, including the New Fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; | |
(b) | reviewed the proposed advisory fee structure for the New Fund and concluded that: (i) the New Fund's fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the New Fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the New Fund to benefit from economies of scale if the New Fund grows. 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 the Trust (and other funds in the John Hancock Fund Complex); | |
(b) | the simulated performance of the Underlying Index developed by the Subadvisor as compared to applicable benchmarks; | |
(c) | the proposed subadvisory fee for the New Fund, including any breakpoints; and | |
(d) | information relating to the nature and scope of any material relationships and their significance to the Trust's Advisor and Subadvisor. |
Nature, Extent, and Quality of Services. With respect to the services 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 Trust's CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.
The Board considered the Subadvisor's investment process and philosophy. The Board took into account that the 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 and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement will be paid by the Advisor and not the New Fund.
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 John Hancock Fund 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. The Board also received information and took into account any other potential conflicts of interests the Advisor might have in connection with the Subadvisory Agreement.
In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor's relationship with the New Fund, such as the opportunity to provide advisory services to additional John Hancock Fund Complex 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. As noted above, the Board also considered the New Fund's subadvisory fees 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. As noted above, 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, including other exchange-traded 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 will be paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. | |
* * * |
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.
Trustees Hassell H. McClellan, Chairperson Officers Andrew G. Arnott Francis V. Knox, Jr. Charles A. Rizzo Salvatore Schiavone Christopher (Kit) Sechler** | Investment advisor John Hancock Advisers, LLC Subadvisor Dimensional Fund Advisors LP Principal distributor Foreside Fund Services, LLC Custodian State Street Bank and Trust Company Transfer agent State Street Bank and Trust Company Legal counsel Dechert LLP |
* Member of the Audit Committee
† Non-Independent Trustee
#Effective 6-19-18
**Effective 9-13-18
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/etf or by calling 800-225-6020.
You can also contact us: | |||
800-225-6020 jhinvestments.com/etf | Regular mail: John Hancock Signature Services, Inc. | Express mail: John Hancock Signature Services, Inc. |
John Hancock family of funds
DOMESTIC EQUITY FUNDS Blue Chip Growth Classic Value Disciplined Value Disciplined Value Mid Cap Equity Income Financial Industries Fundamental All Cap Core Fundamental Large Cap Core Fundamental Large Cap Value New Opportunities Regional Bank Small Cap Core Small Cap Growth Small Cap Value U.S. Global Leaders Growth U.S. Growth U.S. Quality Growth Value Equity GLOBAL AND INTERNATIONAL EQUITY FUNDS Disciplined Value International Emerging Markets Emerging Markets Equity Fundamental Global Franchise Global Equity Global Shareholder Yield Global Thematic Opportunities Greater China Opportunities International Growth International Small Company | 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 Global Absolute Return Strategies Global Conservative Absolute Return Global Focused Strategies Redwood Seaport Long/Short Technical Opportunities |
ASSET ALLOCATION Balanced 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 Emerging Markets 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 200 Berkeley Street n Boston, MA 02116 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 | ETFSA 10/18 12/18 |
ITEM 2. CODE OF ETHICS.
Not applicable at this time.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable at this time.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable at this time.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable at this time.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Not applicable.
(b) Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached “John Hancock Funds – Nominating and Governance Committee Charter.”
ITEM 11. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the 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) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
(b)(1) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.
(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached “John Hancock Funds – Nominating and Governance Committee Charter”.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Exchange-Traded Fund Trust
By: | /s/ Andrew Arnott | |
Andrew Arnott | ||
President | ||
Date: | December 18, 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: | December 18, 2018 | |
By: | /s/ Charles A. Rizzo | |
Charles A. Rizzo | ||
Chief Financial Officer | ||
Date: | December 18, 2018 |