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 number811- 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: | April 30, 2019 |
ITEM 1. REPORTS TO STOCKHOLDERS.
John Hancock
Multifactor ETFs
Annual report 4/30/19
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund's shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change, and you do not need to take any action. You may elect to receive shareholder reports and other communications electronically by calling John Hancock Investment Management or by contacting your financial intermediary.
You may elect to receive all reports in paper, free of charge, at any time. You can inform John Hancock Investment Management or your financial intermediary that you wish to continue receiving paper copies of your shareholder reports by following the instructions listed above. Your election to receive reports in paper will apply to all funds held with John Hancock Investment Management or your financial intermediary.
A message to shareholders
Dear shareholder,
There were highs and lows during the 12 months ended April 30, 2019. Market volatility was the big story in the latter half of 2018, as stocks sank in the fourth quarter, hurt by fears of slowing global economic growth, mounting trade tensions between the United States and China, and a pullback in oil prices. Many of those fears were quelled as favorable earnings reports, progress with the China trade dispute, and signals from the U.S. Federal Reserve (Fed) that interest-rate hikes were on hold sparked a market rebound in the first four months of 2019.
Fixed-income markets have improved as well, with credit sectors leading returns and most indexes in positive territory for the year so far. Subsequent to period end, however, we saw reignited trade tensions with China and Mexico partially offset by more dovish comments on interest rates from the Fed.
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 Investment Management, I'd like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you've placed in us.
Sincerely,
Andrew G. Arnott
President and CEO,
John Hancock Investment Management
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 Media and Communications ETF | |
20 | John Hancock Multifactor Mid Cap ETF | |
21 | John Hancock Multifactor Small Cap ETF | |
22 | John Hancock Multifactor Technology ETF | |
23 | John Hancock Multifactor Utilities ETF | |
24 | Premium/discount analysis | |
27 | Your expenses | |
29 | Funds' investments | |
80 | Financial statements | |
93 | Financial highlights | |
101 | Notes to financial statements | |
112 | Report of independent registered public accounting firm | |
113 | Tax information | |
114 | Evaluation of advisory and subadvisory agreements by the Board of Trustees | |
118 | Trustees and officers | |
122 | 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. |
What's the fund's investment philosophy and how does it drive the composition of the exchange-traded funds (ETFs) managed for John Hancock Investment Management?
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 12 months ended April 30, 2019, 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 gained 12.68%, as compared to a loss of 3.37% for the MSCI World ex USA Investable Market Index (IMI) and a decline of 5.85% 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. 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 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 period, trailing the U.S. market but outperforming emerging markets. Most EAFE market currencies, particularly the Swedish krona and Danish krone, depreciated relative to the U.S. dollar. Overall, currency movements had a negative impact on the U.S. dollar-denominated returns of EAFE markets.
Globally along the market-capitalization dimension, mid caps, as measured by the MSCI EAFE Mid Cap Index, net dividends, 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.
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 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 specialty retail and hotels, restaurants, and leisure. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Nike, Inc. and Intuit, Inc. and decreased weights in Comcast Corp. and The Walt Disney Company, both of which were sold by period end.
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, certain constituency differences between the fund and the Russell 1000 Consumer Staples Index had a positive impact on relative performance. Additionally, 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 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 products and food and staples retailing. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in General Mills, Inc. and Philip Morris International, Inc. and the sales of CVS Health Corp. and Estee Lauder Companies, Inc.
JOHN HANCOCK MULTIFACTOR DEVELOPED INTERNATIONAL ETF (JHMD)
On a NAV basis, the fund underperformed the MSCI EAFE Index (net dividends), a cap-weighted benchmark we use as a proxy for developed ex-U.S. stock markets. With low relative price (value) stocks underperforming high relative price (growth) stocks for the period, the fund's greater emphasis on value stocks detracted from relative performance. 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 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 and industrials. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Toyota Motor Corp. and oil and gas company BP PLC and decreased weights in supermarket chain Tesco PLC and auto firm Daimler AG.
JOHN HANCOCK MULTIFACTOR EMERGING MARKETS ETF (JHEM)
On a NAV basis, the fund underperformed the MSCI Emerging Markets Index (net dividends), a cap-weighted benchmark we use as a proxy for emerging stock markets, for the since-inception period ( September 27, 2018, through April 30, 2019). The fund's greater emphasis on mid-cap stocks detracted from relative performance, as mid-cap stocks generally underperformed large-cap stocks for the period. Additionally, some of the smaller stocks held by the index but not by the fund had relatively strong performance, which also detracted from relative returns. Conversely, the fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks generally outperformed.
Compared with the 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 and information technology. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Chinese information technology firm Tencent Holdings, Ltd. and biofuel distributor Petrobras Distribuidora SA and decreased weights in oil company CNOOC, Ltd. and Taiwan Semiconductor Manufacturing Company, Ltd.
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 generally underperformed for the period. Issuer capping also had a negative impact on relative performance, as certain securities that represented a relatively higher proportion of the index did well. Conversely, with low relative price (value) stocks generally outperforming high relative price (growth) stocks in the energy sector, the fund's greater emphasis on value stocks contributed positively to relative performance.
Compared with the index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposure was to oil, gas, and consumable fuels. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in natural gas firm ONEOK, Inc. and Baker Hughes, a GE company, and decreased weights in Energen Corp., which was acquired by Diamondback Energy, Inc., and OGE Energy Corp., which was sold prior to period end.
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 Russell 1000 Financial Services Index.
Conversely, the fund's greater emphasis on stocks with higher profitability contributed positively to relative performance, as higher-profitability stocks outperformed in the financials sector.
Compared with the index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposures were to banks, insurance, and capital markets. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Accenture PLC and PayPal Holdings, Inc. and decreased weights in Citigroup, Inc. and CME Group, Inc.
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. With low relative price (value) stocks underperforming high relative price (growth) stocks for the period, the fund's greater emphasis on value stocks detracted from relative performance. Additionally, the fund's greater emphasis on stocks with higher profitability had a negative impact on relative performance, as higher-profitability stocks underperformed in the healthcare sector. Certain constituency differences between the fund and the Russell 1000 Health Care Index also had a negative impact on relative performance.
Compared with the 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 regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Cigna Corp. and CVS Health Corp. and decreased weights in Express Scripts Holding Company and Aetna Inc., both of which were acquired prior to period end.
JOHN HANCOCK MULTIFACTOR INDUSTRIALS ETF (JHMI)
On a NAV basis, the fund outperformed the Russell 1000 Producer Durables Index, a cap-weighted benchmark we use as a proxy for the industrials sector of the U.S. stock market. The fund's greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as smaller stocks outperformed in the industrials sector. Certain constituency differences between the fund and the Russell 1000 Producer Durables Index also had a positive impact on relative performance.
Compared with the index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposures were to machinery and aerospace and defense. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in The Boeing Company and Aptiv PLC and decreased weights in Accenture PLC and PayPal Holdings, Inc., both of which were sold prior to period end.
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 smaller stocks generally underperformed for the period. With low relative price (value) stocks underperforming high relative price (growth) stocks, the fund's greater emphasis on value stocks also had a negative impact on relative performance.
Compared with the 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 exposure was to the information technology sector. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Cigna Corp. and Linde PLC and decreased weights in Apple, Inc. and Express Scripts Holding Company, which was acquired prior to period end.
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. Certain 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 index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposure was to chemicals. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Linde PLC and The Sherwin-Williams Company and decreased weights in Praxair, Inc., which was acquired, and Ecolab, Inc., which was sold.
JOHN HANCOCK MULTIFACTOR MEDIA AND COMMUNICATIONS ETF (JHCS)
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 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. 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, the fund's greater emphasis on stocks with higher profitability also had a negative impact on relative performance.
Compared with the 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 information technology, industrials, and financials sectors. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Cardinal Health, Inc. and Nielsen Holdings PLC and decreased weights in Edwards Lifesciences Corp. and Roper Technologies, Inc., both of which were sold prior to period end.
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 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 financials and industrials. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in H&R Block, Inc. and Eaton Vance Corp. and decreased weights in Fair Isaac Corp. and Encompass Health Corp. We sold the fund's holdings in both prior to period end.
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. The fund's greater emphasis on
higher-profitability stocks also detracted from relative performance, as stocks with higher profitability generally underperformed. Issuer capping also had a negative impact on relative performance as certain positions that were relatively larger in the index did well.
Compared with the 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 and semiconductor equipment. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in Intel Corp. and Verisk Analytics, Inc. and decreased weights in Facebook, Inc. and Alphabet, Inc.; both were eventually sold.
JOHN HANCOCK MULTIFACTOR UTILITIES ETF (JHMU)
On a NAV basis, the fund outperformed the Russell 1000 Utilities Index, a cap-weighted benchmark we use as a proxy for the utilities sector of the U.S. stock market. The fund holds companies involved in the provision of gas, electric, and water power, as well as energy trading or the provision of related infrastructure or services. The fund excludes communication services, a sector that is included in the Russell 1000 Utilities Index. The fund's lack of exposure to communication services securities contributed positively to relative performance, as those stocks generally underperformed. The fund's greater emphasis on stocks with higher profitability also had a positive impact on relative performance, as higher-profitability stocks outperformed in the utilities sector. Conversely, the fund's greater emphasis on stocks with smaller market capitalizations detracted from relative performance, as smaller stocks generally underperformed.
Compared with the index, the fund ended the period with greater weights in stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund's largest industry exposure was to electric utilities. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included increased weights in PPL Corp. and The Southern Company and decreased weights in ONEOK, Inc. and PG&E Corp., both of which were eventually sold.
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 and there can be no assurance that active trading markets for shares will develop of be maintained by market makers or authorized participants.
A note about the performance shown on the following pages
Net asset value (NAV) performance is based on the NAV calculated each business day. It is calculated in accordance with the standard formula for valuing investment company shares as of the close of regular trading hours on the NYSE (see Note 2 to financial statements). Market price 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 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 | Sincefund inception1 | ||
Net asset value | 11.57 | 10.07 | 41.12 | ||
Market price | 11.61 | 10.08 | 41.21 | ||
John Hancock Dimensional Consumer Discretionary Index2 | 12.02 | 10.57 | 43.46 | ||
Russell 1000 Consumer Discretionary Index3 | 17.31 | 15.34 | 66.95 |
INDUSTRY COMPOSITION (%)
Specialty retail | 28.3 |
Hotels, restaurants and leisure | 22.6 |
Textiles, apparel and luxury goods | 11.0 |
Internet and direct marketing retail | 10.1 |
Multiline retail | 7.7 |
Automobiles | 5.3 |
Distributors | 2.4 |
Diversified consumer services | 2.3 |
Commercial services and supplies | 2.1 |
Software | 1.9 |
Other | 6.3 |
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 Consumer Discretionary ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Amazon.com, Inc. | 6.7 |
The Home Depot, Inc. | 6.2 |
NIKE, Inc., Class B | 3.8 |
Lowe's Companies, Inc. | 3.4 |
McDonald's Corp. | 3.1 |
The TJX Companies, Inc. | 2.4 |
General Motors Company | 2.3 |
Marriott International, Inc., Class A | 2.2 |
Ross Stores, Inc. | 2.0 |
Dollar Tree, Inc. | 2.0 |
TOTAL | 34.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $14,121.
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. 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 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 of the Russell 1000 Index classified in the consumer discretionary sector. |
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 June 30, 2020 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 (%) | 0.78 |
Net (%) | 0.40 |
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 | Sincefund inception1 | Sincefund inception1 | |||
Net asset value | 13.89 | 5.79 | 19.02 | ||
Market price | 13.85 | 5.79 | 19.01 | ||
John Hancock Dimensional Consumer Staples Index2 | 14.35 | 6.27 | 20.71 | ||
Russell 1000 Consumer Staples Index3 | 15.13 | 4.05 | 13.06 |
INDUSTRY COMPOSITION (%)
Food products | 33.0 |
Food and staples retailing | 21.1 |
Beverages | 19.6 |
Household products | 16.3 |
Tobacco | 9.4 |
Personal products | 0.6 |
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 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 (%)
PepsiCo, Inc. | 6.3 |
The Coca-Cola Company | 6.1 |
The Procter & Gamble Company | 6.1 |
Walmart, Inc. | 5.9 |
General Mills, Inc. | 5.1 |
Altria Group, Inc. | 5.0 |
Philip Morris International, Inc. | 4.5 |
Costco Wholesale Corp. | 4.4 |
The Kroger Company | 3.9 |
Archer-Daniels-Midland Company | 3.2 |
TOTAL | 50.5 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,901.
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. 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 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 of the Russell 1000 Index classified in the consumer staples sector. |
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 June 30, 2020 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 (%) | 1.04 |
Net (%) | 0.40 |
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
SECTOR COMPOSITION (%)
Financials | 17.2 |
Industrials | 16.7 |
Consumer discretionary | 12.8 |
Materials | 9.4 |
Consumer staples | 8.5 |
Health care | 8.3 |
Communication services | 6.4 |
Energy | 5.5 |
Information technology | 5.5 |
Utilities | 4.9 |
Other | 4.8 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor 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 | 1.5 |
Nestle SA | 1.3 |
Toyota Motor Corp. | 1.2 |
Novartis AG | 0.9 |
HSBC Holdings PLC | 0.9 |
Roche Holding AG | 0.8 |
Vonovia SE | 0.8 |
ABB, Ltd. | 0.7 |
TOTAL SA | 0.7 |
Orange SA | 0.7 |
TOTAL | 9.5 |
The value of a $10,000 investment calculated at market value from inception through period end would be $12,015.
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.
Multifactor Emerging Markets ETF
SECTOR COMPOSITION (%)
Financials | 26.8 |
Information technology | 13.8 |
Energy | 11.7 |
Communication services | 11.3 |
Consumer discretionary | 10.2 |
Materials | 7.6 |
Consumer staples | 5.5 |
Industrials | 5.5 |
Real estate | 2.9 |
Utilities | 2.6 |
Other | 2.1 |
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 Emerging Markets 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 (%)
Tencent Holdings, Ltd. | 4.3 |
Reliance Industries, Ltd., GDR | 4.1 |
Samsung Electronics Company, Ltd. | 3.7 |
Infosys, Ltd., ADR | 2.6 |
Taiwan Semiconductor Manufacturing Company, Ltd. | 2.6 |
Alibaba Group Holding, Ltd., ADR | 2.3 |
Ping An Insurance Group Company of China, Ltd., H Shares | 1.8 |
China Construction Bank Corp., H Shares | 1.6 |
China Mobile, Ltd. | 1.5 |
ICICI Bank, Ltd., ADR | 1.5 |
TOTAL | 26.0 |
The value of a $10,000 investment calculated at market value from inception through period end would be $10,422.
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 9-27-18. |
2 | The John Hancock Dimensional Emerging Markets Index is designed to comprise a subset of securities of companies associated with emerging markets, which may include frontier markets (Emerging markets in an earlier stage of development). The index is reconstituted and rebalanced on a semiannual basis. |
3 | The MSCI Emerging Markets Index is an unmanaged index designed to measure the performance of developing markets. |
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 June 30, 2020 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 (%) | 0.87 |
Net (%) | 0.55 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Energy ETF
INDUSTRY COMPOSITION (%)
Oil, gas and consumable fuels | 87.1 |
Energy equipment and services | 10.9 |
Gas utilities | 0.9 |
Multi-utilities | 0.9 |
Short-term investments and other | 0.2 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Energy ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Exxon Mobil Corp. | 5.9 |
Chevron Corp. | 5.8 |
EOG Resources, Inc. | 4.6 |
Pioneer Natural Resources Company | 4.1 |
Occidental Petroleum Corp. | 4.0 |
Kinder Morgan, Inc. | 3.8 |
Valero Energy Corp. | 3.7 |
ConocoPhillips | 3.7 |
Concho Resources, Inc. | 3.6 |
ONEOK, Inc. | 3.6 |
TOTAL | 42.8 |
The value of a $10,000 investment calculated at market value from inception through period end would be $11,265.
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 of the Russell 1000 Index s classified in the energy sector. |
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 June 30, 2020 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 (%) | 0.40 |
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 | Sincefund inception1 | Sincefund inception1 | |||
Net asset value | 5.15 | 13.82 | 59.19 | ||
Market price | 5.05 | 13.81 | 59.14 | ||
John Hancock Dimensional Financials Index2 | 5.60 | 14.36 | 61.92 | ||
Russell 1000 Financial Services Index3 | 10.73 | 14.76 | 63.94 |
INDUSTRY COMPOSITION (%)
Banks | 31.3 |
Insurance | 22.1 |
Capital markets | 19.5 |
IT services | 12.4 |
Consumer finance | 6.8 |
Diversified financial services | 4.9 |
Professional services | 1.7 |
Thrifts and mortgage finance | 1.0 |
Software | 0.2 |
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 (%)
JPMorgan Chase & Co. | 4.1 |
Berkshire Hathaway, Inc., Class B | 4.1 |
Bank of America Corp. | 3.9 |
Visa, Inc., Class A | 3.8 |
Wells Fargo & Company | 3.3 |
Mastercard, Inc., Class A | 3.1 |
Citigroup, Inc. | 2.7 |
Capital One Financial Corp. | 1.4 |
American Express Company | 1.4 |
The Goldman Sachs Group, Inc. | 1.3 |
TOTAL | 29.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $15,914.
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. 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 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 of the Russell 1000 Index classified in the financial services sector. |
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 June 30, 2020 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 (%) | 0.40 |
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
INDUSTRY COMPOSITION (%)
Health care equipment and supplies | 24.9 |
Pharmaceuticals | 24.9 |
Health care providers and services | 23.2 |
Biotechnology | 16.3 |
Life sciences tools and services | 9.5 |
Health care technology | 1.0 |
Commercial services and supplies | 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 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 | 6.4 |
Pfizer, Inc. | 5.3 |
UnitedHealth Group, Inc. | 4.9 |
Merck & Company, Inc. | 4.1 |
Abbott Laboratories | 2.6 |
Gilead Sciences, Inc. | 2.6 |
Medtronic PLC | 2.3 |
Thermo Fisher Scientific, Inc. | 2.3 |
Amgen, Inc. | 2.2 |
Cigna Corp. | 1.9 |
TOTAL | 34.6 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,703.
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. 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 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 of the Russell 1000 Index classified in the health care sector. |
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 June 30, 2020 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 (%) | 0.76 |
Net (%) | 0.40 |
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 | Sincefund inception1 | Sincefund inception1 | |||
Net asset value | 13.16 | 15.37 | 55.64 | ||
Market price | 13.13 | 15.38 | 55.66 | ||
John Hancock Dimensional Industrials Index2 | 13.67 | 15.94 | 58.00 | ||
Russell 1000 Producer Durables Index3 | 12.02 | 14.39 | 51.56 |
INDUSTRY COMPOSITION (%)
Machinery | 22.2 |
Aerospace and defense | 17.4 |
Road and rail | 7.9 |
Industrial conglomerates | 7.1 |
Electrical equipment | 6.3 |
Airlines | 6.2 |
Electronic equipment, instruments and components | 5.4 |
Household durables | 4.1 |
Air freight and logistics | 4.0 |
Commercial services and supplies | 3.8 |
Other | 15.6 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Industrials ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
The Boeing Company | 4.1 |
Union Pacific Corp. | 2.5 |
3M Company | 2.5 |
Honeywell International, Inc. | 2.1 |
PACCAR, Inc. | 2.1 |
United Technologies Corp. | 2.1 |
United Continental Holdings, Inc. | 2.0 |
Caterpillar, Inc. | 2.0 |
Aptiv PLC | 1.8 |
Deere & Company | 1.8 |
TOTAL | 23.0 |
The value of a $10,000 investment calculated at market value from inception through period end would be $15,566.
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. 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 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 of the Russell 1000 Index classified in the industrials sector. |
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 June 30, 2020 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 (%) | 0.94 |
Net (%) | 0.40 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Large Cap ETF
SECTOR COMPOSITION (%)
Information technology | 20.3 |
Financials | 14.2 |
Health care | 12.5 |
Industrials | 12.4 |
Consumer discretionary | 10.9 |
Communication services | 7.3 |
Consumer staples | 6.4 |
Energy | 4.6 |
Utilities | 4.4 |
Real estate | 3.5 |
Other | 3.5 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Large Cap ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
The value of a $10,000 investment calculated at market value from inception through period end would be $15,944.
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 | Sincefund inception1 | Sincefund inception1 | |||
Net asset value | -2.76 | 10.31 | 35.47 | ||
Market price | -2.71 | 10.34 | 35.57 | ||
John Hancock Dimensional Materials Index2 | -2.32 | 10.82 | 37.39 | ||
Russell 1000 Materials & Processing Index3 | 3.43 | 11.09 | 38.45 |
INDUSTRY COMPOSITION (%)
Chemicals | 52.7 |
Containers and packaging | 20.2 |
Metals and mining | 17.4 |
Construction materials | 5.8 |
Building products | 2.6 |
Semiconductors and semiconductor equipment | 1.1 |
Electrical equipment | 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 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 (%)
Linde PLC | 6.1 |
PPG Industries, Inc. | 4.5 |
International Paper Company | 4.1 |
Nucor Corp. | 3.9 |
The Sherwin-Williams Company | 3.9 |
Air Products & Chemicals, Inc. | 3.9 |
Freeport-McMoRan, Inc. | 3.5 |
DowDuPont, Inc. | 3.5 |
Ball Corp. | 3.5 |
Newmont Gold Corp. | 3.2 |
TOTAL | 40.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,557.
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. 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 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 of the Russell 1000 Index classified in the materials sector. |
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 June 30, 2020 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 (%) | 0.98 |
Net (%) | 0.40 |
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.
INDUSTRY COMPOSITION (%)
Media | 31.9 |
Entertainment | 23.0 |
Interactive media and services | 19.5 |
Diversified telecommunication services | 14.0 |
Wireless telecommunication services | 3.2 |
Professional services | 2.3 |
Internet and direct marketing retail | 1.9 |
Software | 1.4 |
IT services | 1.2 |
Communications equipment | 1.2 |
Other | 0.4 |
TOTAL | 100.0 |
As a percentage of net assets. |
TOP TEN HOLDINGS1 (%)
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 Mid Cap ETF
SECTOR COMPOSITION (%)
Information technology | 17.8 |
Industrials | 16.4 |
Financials | 15.1 |
Consumer discretionary | 11.8 |
Health care | 11.1 |
Real estate | 6.2 |
Materials | 5.9 |
Utilities | 5.8 |
Energy | 3.3 |
Communication services | 3.3 |
Other | 3.3 |
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 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 |
Xcel Energy, Inc. | 0.4 |
Amphenol Corp., Class A | 0.4 |
Parker-Hannifin Corp. | 0.4 |
Republic Services, Inc. | 0.4 |
Fifth Third Bancorp | 0.4 |
Align Technology, Inc. | 0.4 |
Centene Corp. | 0.4 |
Dollar Tree, Inc. | 0.4 |
NetApp, Inc. | 0.4 |
TOTAL | 4.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $15,216.
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 | 19.4 |
Industrials | 15.9 |
Information technology | 12.9 |
Consumer discretionary | 11.3 |
Real estate | 10.7 |
Health care | 8.2 |
Materials | 6.0 |
Utilities | 4.9 |
Communication services | 3.8 |
Consumer staples | 3.6 |
Other | 3.3 |
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 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 (%)
Primerica, Inc. | 0.5 |
ITT, Inc. | 0.4 |
EMCOR Group, Inc. | 0.4 |
The Hanover Insurance Group, Inc. | 0.4 |
IDACORP, Inc. | 0.4 |
Hawaiian Electric Industries, Inc. | 0.4 |
Versum Materials, Inc. | 0.4 |
MAXIMUS, Inc. | 0.4 |
Portland General Electric Company | 0.4 |
Entegris, Inc. | 0.4 |
TOTAL | 4.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $10,865.
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 | Sincefund inception1 | Sincefund inception1 | |||
Net asset value | 19.25 | 22.88 | 109.62 | ||
Market price | 19.20 | 22.88 | 109.60 | ||
John Hancock Dimensional Technology Index2 | 19.31 | 23.28 | 112.09 | ||
Russell 1000 Technology Index3 | 21.75 | 23.65 | 114.37 |
INDUSTRY COMPOSITION (%)
Software | 29.0 |
Semiconductors and semiconductor equipment | 28.2 |
IT services | 15.6 |
Technology hardware, storage and peripherals | 11.9 |
Communications equipment | 8.3 |
Electronic equipment, instruments and components | 4.8 |
Professional services | 1.4 |
Health care technology | 0.8 |
TOTAL | 100.0 |
As a percentage of net assets. |
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Technology ETF for the period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (%)
Microsoft Corp. | 6.4 |
Apple, Inc. | 6.4 |
Intel Corp. | 5.3 |
Cisco Systems, Inc. | 4.8 |
Oracle Corp. | 3.1 |
Broadcom, Inc. | 2.8 |
IBM Corp. | 2.2 |
Texas Instruments, Inc. | 1.9 |
salesforce.com, Inc. | 1.9 |
QUALCOMM, Inc. | 1.8 |
TOTAL | 36.6 |
The value of a $10,000 investment calculated at market value from inception through period end would be $20,960.
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. 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 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 of the Russell 1000 Index classified in the technology sector. |
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 June 30, 2020 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 (%) | 0.66 |
Net (%) | 0.40 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for the fund.
Multifactor Utilities ETF
INDUSTRY COMPOSITION (%)
Electric utilities | 57.1 |
Multi-utilities | 29.3 |
Gas utilities | 5.8 |
Independent power and renewable electricity producers | 4.5 |
Water utilities | 3.2 |
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. | 5.8 |
PPL Corp. | 5.2 |
Xcel Energy, Inc. | 5.0 |
The Southern Company | 4.9 |
Consolidated Edison, Inc. | 4.7 |
Eversource Energy | 4.1 |
Entergy Corp. | 3.8 |
American Electric Power Company, Inc. | 3.8 |
Edison International | 3.7 |
DTE Energy Company | 3.7 |
TOTAL | 44.7 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,558.
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. 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 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 of the Russell 1000 Index classified in the utilities sector. |
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 June 30, 2020 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) | 1.07 |
Net (%) | 0.40 |
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 (unaudited)
ETF shares are bought and sold through exchange trading at market price—not net asset value (NAV)—and are not individually redeemed from the fund. Due to various factors, shares may trade at a premium or discount to their NAV in the secondary market, and as a result you may pay more than NAV when you buy shares and receive less than NAV when you sell shares. Additionally, due to various factors, a fund's holdings and returns may deviate from those of its index. These variations may be greater when markets are volatile or subject to unusual conditions.
A premium exists when the closing market price is trading above NAV, while a discount indicates that the closing market price is trading below NAV. The differences are expressed as basis points, with one basis point equaling 1/100 of 1%.
The chart below presents information about the differences between each fund's daily closing market price and the fund's NAV. The closing market price is determined using the bid/ask midpoint as reported on the NYSE Arca, Inc., at 4 P.M. Eastern time, when the NAV is typically calculated.
Data presented represents past performance and cannot be used to predict future results.
PERIOD ENDED APRIL 30, 2019
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 | 51 | 41.80% | 70 | 57.38% | |||||||
25 - < 50 | 0 | 0.00% | 1 | 0.82% | |||||||
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 | 51 | 41.80% | 71 | 58.20% | |||||||
Multifactor Consumer Staples ETF | |||||||||||
0 - < 25 | 43 | 35.25% | 78 | 63.93% | |||||||
25 - < 50 | 1 | 0.82% | 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 | 44 | 36.07% | 78 | 63.93% | |||||||
Multifactor Developed International ETF | |||||||||||
0 - < 25 | 25 | 20.49% | 30 | 24.59% | |||||||
25 - < 50 | 5 | 4.10% | 31 | 25.41% | |||||||
50 - < 75 | 6 | 4.92% | 10 | 8.20% | |||||||
75 - < 100 | 1 | 0.82% | 6 | 4.92% | |||||||
100 or Above | 4 | 3.28% | 4 | 3.28% | |||||||
Total | 41 | 33.61% | 81 | 66.39% | |||||||
Multifactor Emerging Markets ETF | |||||||||||
0 - < 25 | 4 | 3.28% | 22 | 18.03% | |||||||
25 - < 50 | 6 | 4.92% | 33 | 27.05% | |||||||
50 - < 75 | 2 | 1.64% | 19 | 15.57% | |||||||
75 - < 100 | 4 | 3.28% | 15 | 12.30% | |||||||
100 or Above | 2 | 1.64% | 15 | 12.30% | |||||||
Total | 18 | 14.75% | 104 | 85.25% | |||||||
Multifactor Energy ETF | |||||||||||
0 - < 25 | 51 | 41.80% | 70 | 57.38% | |||||||
25 - < 50 | 0 | 0.00% | 1 | 0.82% | |||||||
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 | 51 | 41.80% | 71 | 58.20% |
PERIOD ENDED APRIL 30, 2019
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 | 44 | 36.07% | 77 | 63.11% | |||||||
25 - < 50 | 1 | 0.82% | 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 | 45 | 36.89% | 77 | 63.11% | |||||||
Multifactor Healthcare ETF | |||||||||||
0 - < 25 | 40 | 32.79% | 79 | 64.75% | |||||||
25 - < 50 | 0 | 0.00% | 3 | 2.46% | |||||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | |||||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | |||||||
100 or Above | 0 | 0.00% | 0 | 0.00% | |||||||
Total | 40 | 32.79% | 82 | 67.21% | |||||||
Multifactor Industrials ETF | |||||||||||
0 - < 25 | 39 | 31.97% | 82 | 67.21% | |||||||
25 - < 50 | 0 | 0.00% | 1 | 0.82% | |||||||
50 - < 75 | 0 | 0.00% | 0 | 0.00% | |||||||
75 - < 100 | 0 | 0.00% | 0 | 0.00% | |||||||
100 or Above | 0 | 0.00% | 0 | 0.00% | |||||||
Total | 39 | 31.97% | 83 | 68.03% | |||||||
Multifactor Large Cap ETF | |||||||||||
0 - < 25 | 47 | 38.52% | 75 | 61.48% | |||||||
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 | 47 | 38.52% | 75 | 61.48% | |||||||
Multifactor Materials ETF | |||||||||||
0 - < 25 | 37 | 30.33% | 84 | 68.85% | |||||||
25 - < 50 | 0 | 0.00% | 1 | 0.82% | |||||||
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 | 30.33% | 85 | 69.67% | |||||||
Multifactor Media and Communications ETF | |||||||||||
0 - < 25 | 4 | 11.11% | 32 | 88.89% | |||||||
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 | 11.11% | 32 | 88.89% | |||||||
Multifactor Mid Cap ETF | |||||||||||
0 - < 25 | 9 | 7.38% | 113 | 92.62% | |||||||
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 | 9 | 7.38% | 113 | 92.62% |
PERIOD ENDED APRIL 30, 2019
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 Small Cap ETF | |||||||||||
0 - < 25 | 7 | 5.74% | 113 | 92.62% | |||||||
25 - < 50 | 0 | 0.00% | 2 | 1.64% | |||||||
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 | 5.74% | 115 | 94.26% | |||||||
Multifactor Technology ETF | |||||||||||
0 - < 25 | 48 | 39.34% | 73 | 59.84% | |||||||
25 - < 50 | 1 | 0.82% | 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 | 49 | 40.16% | 73 | 59.84% | |||||||
Multifactor Utilities ETF | |||||||||||
0 - < 25 | 58 | 47.54% | 64 | 52.46% | |||||||
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 | 58 | 47.54% | 64 | 52.46% |
Your expenses |
Account value on 11-1-2018 | Ending value on 4-30-2019 | Expenses paid during 4-30-20191 | Annualized expense ratio | |
Multifactor Consumer Discretionary ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,101.50 | $2.24 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Consumer Staples ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,052.40 | $2.19 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Developed International ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,068.90 | $2.31 | 0.45% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.60 | 2.26 | 0.45% |
Multifactor Emerging Markets ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,128.80 | $2.90 | 0.55% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.10 | 2.76 | 0.55% |
Multifactor Energy ETF | ||||
Actual expenses/actual returns | $1,000.00 | $961.90 | $2.14 | 0.44% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.60 | 2.21 | 0.44% |
ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 27 |
Account value on 11-1-2018 | Ending value on 4-30-2019 | Expenses paid during 4-30-20191 | Annualized expense ratio | |
Multifactor Financials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,104.60 | $2.24 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Healthcare ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,007.70 | $2.14 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Industrials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,149.20 | $2.29 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Large Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,098.30 | $1.77 | 0.34% |
Hypothetical example for comparison purposes | 1,000.00 | 1,023.10 | 1.71 | 0.34% |
Multifactor Materials ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,065.10 | $2.20 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Media And Communications ETF2 | ||||
Actual expenses/actual returns | $1,000.00 | $1,000.00 | $0.53 | 0.40% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.80 | 2.01 | 0.40% |
Multifactor Mid Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,110.20 | $2.25 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Small Cap ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,070.50 | $2.57 | 0.50% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.30 | 2.51 | 0.50% |
Multifactor Technology ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,181.10 | $2.33 | 0.43% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.16 | 0.43% |
Multifactor Utilities ETF | ||||
Actual expenses/actual returns | $1,000.00 | $1,112.80 | $2.30 | 0.44% |
Hypothetical example for comparison purposes | 1,000.00 | 1,022.60 | 2.21 | 0.44% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
2 | The inception date for fund is 3-12-19. Actual Expenses are equal to the fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 48/365 (to reflect the period). |
28 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL |
Funds' investments |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $42,139,443 | |
(Cost $38,649,854) | ||
Communication services – 0.7% | 325,487 | |
Entertainment – 0.7% | ||
Cinemark Holdings, Inc. | 3,587 | 150,833 |
The Madison Square Garden Company, Class A (A) | 559 | 174,654 |
Consumer discretionary – 92.5% | 39,007,431 | |
Auto components – 0.3% | ||
The Goodyear Tire & Rubber Company | 7,295 | 140,137 |
Automobiles – 5.3% | ||
Ford Motor Company | 45,283 | 473,207 |
General Motors Company | 24,864 | 968,453 |
Harley-Davidson, Inc. | 4,815 | 179,262 |
Tesla, Inc. (A)(B) | 2,186 | 521,776 |
Thor Industries, Inc. | 1,317 | 86,751 |
Distributors – 2.4% | ||
Genuine Parts Company | 4,781 | 490,244 |
LKQ Corp. (A) | 6,808 | 204,921 |
Pool Corp. | 1,676 | 307,948 |
Diversified consumer services – 2.3% | ||
Bright Horizons Family Solutions, Inc. (A) | 1,643 | 210,550 |
Chegg, Inc. (A) | 3,264 | 116,362 |
Grand Canyon Education, Inc. (A) | 1,460 | 169,199 |
H&R Block, Inc. | 6,009 | 163,505 |
Service Corp. International | 7,213 | 300,133 |
Hotels, restaurants and leisure – 22.6% | ||
Caesars Entertainment Corp. (A) | 1,783 | 16,689 |
Carnival Corp. | 4,558 | 250,052 |
Chipotle Mexican Grill, Inc. (A) | 757 | 520,846 |
Choice Hotels International, Inc. | 951 | 78,971 |
Cracker Barrel Old Country Store, Inc. (B) | 1,170 | 197,426 |
Darden Restaurants, Inc. | 4,485 | 527,436 |
Domino's Pizza, Inc. | 970 | 262,463 |
Dunkin' Brands Group, Inc. | 1,989 | 148,439 |
Hilton Worldwide Holdings, Inc. | 9,391 | 816,923 |
Hyatt Hotels Corp., Class A | 1,280 | 98,214 |
International Game Technology PLC (B) | 2,471 | 36,151 |
Las Vegas Sands Corp. | 6,057 | 406,122 |
Marriott International, Inc., Class A | 6,938 | 946,482 |
McDonald's Corp. | 6,689 | 1,321,546 |
MGM Resorts International | 11,363 | 302,597 |
Norwegian Cruise Line Holdings, Ltd. (A) | 7,652 | 431,495 |
Planet Fitness, Inc., Class A (A) | 2,245 | 169,947 |
Royal Caribbean Cruises, Ltd. | 5,723 | 692,140 |
Six Flags Entertainment Corp. | 1,655 | 87,864 |
Starbucks Corp. | 10,420 | 809,426 |
Texas Roadhouse, Inc. | 1,967 | 106,238 |
The Wendy's Company | 5,295 | 98,540 |
Vail Resorts, Inc. | 797 | 182,393 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Wyndham Destinations, Inc. | 2,530 | $110,207 |
Wyndham Hotels & Resorts, Inc. | 3,029 | 168,776 |
Wynn Resorts, Ltd. | 2,255 | 325,735 |
Yum! Brands, Inc. | 4,064 | 424,241 |
Household durables – 1.4% | ||
Mohawk Industries, Inc. (A) | 1,274 | 173,583 |
Newell Brands, Inc. | 9,465 | 136,107 |
Whirlpool Corp. | 1,992 | 276,529 |
Internet and direct marketing retail – 10.1% | ||
Amazon.com, Inc. (A) | 1,456 | 2,805,013 |
Booking Holdings, Inc. (A) | 373 | 691,911 |
Expedia Group, Inc. | 4,270 | 554,417 |
Wayfair, Inc., Class A (A) | 1,161 | 188,256 |
Leisure products – 1.1% | ||
Hasbro, Inc. | 3,420 | 348,361 |
Mattel, Inc. (A)(B) | 10,395 | 126,715 |
Multiline retail – 7.7% | ||
Dollar General Corp. | 4,241 | 534,748 |
Dollar Tree, Inc. (A) | 7,727 | 859,861 |
Kohl's Corp. | 6,409 | 455,680 |
Macy's, Inc. | 9,202 | 216,615 |
Nordstrom, Inc. (B) | 6,538 | 268,189 |
Ollie's Bargain Outlet Holdings, Inc. (A) | 1,659 | 158,667 |
Target Corp. | 9,808 | 759,335 |
Specialty retail – 28.3% | ||
Advance Auto Parts, Inc. | 2,434 | 404,823 |
American Eagle Outfitters, Inc. | 3,504 | 83,325 |
AutoZone, Inc. (A) | 658 | 676,628 |
Best Buy Company, Inc. | 11,345 | 844,181 |
Burlington Stores, Inc. (A) | 2,296 | 387,817 |
CarMax, Inc. (A) | 5,433 | 423,013 |
Carvana Company (A)(B) | 767 | 54,887 |
Dick's Sporting Goods, Inc. | 3,772 | 139,564 |
Five Below, Inc. (A) | 1,814 | 265,551 |
Foot Locker, Inc. | 3,451 | 197,432 |
L Brands, Inc. | 3,883 | 99,560 |
Lowe's Companies, Inc. | 12,774 | 1,445,250 |
O'Reilly Automotive, Inc. (A) | 1,304 | 493,655 |
Penske Automotive Group, Inc. | 862 | 39,583 |
Ross Stores, Inc. | 8,824 | 861,752 |
The Gap, Inc. | 7,141 | 186,237 |
The Home Depot, Inc. | 12,795 | 2,606,342 |
The TJX Companies, Inc. | 18,634 | 1,022,634 |
Tiffany & Company | 3,695 | 398,395 |
Tractor Supply Company | 4,203 | 435,011 |
Ulta Beauty, Inc. (A) | 1,966 | 686,095 |
Williams-Sonoma, Inc. (B) | 3,149 | 180,028 |
Textiles, apparel and luxury goods – 11.0% | ||
Capri Holdings, Ltd. (A) | 4,176 | 184,078 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 29 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods (continued) | ||
Carter's, Inc. | 1,266 | $134,082 |
Columbia Sportswear Company | 1,061 | 106,068 |
Deckers Outdoor Corp. (A) | 1,119 | 177,037 |
Hanesbrands, Inc. | 20,616 | 372,531 |
Lululemon Athletica, Inc. (A) | 2,891 | 509,828 |
NIKE, Inc., Class B | 18,322 | 1,609,221 |
PVH Corp. | 1,684 | 217,219 |
Ralph Lauren Corp. | 1,681 | 221,186 |
Skechers U.S.A., Inc., Class A (A) | 2,867 | 90,769 |
Tapestry, Inc. | 6,057 | 195,459 |
Under Armour, Inc., Class A (A) | 5,710 | 131,844 |
Under Armour, Inc., Class C (A) | 5,912 | 122,497 |
VF Corp. | 6,144 | 580,055 |
Consumer staples – 1.8% | 751,153 | |
Personal products – 1.8% | ||
The Estee Lauder Companies, Inc., Class A | 4,372 | 751,153 |
Industrials – 2.1% | 876,565 | |
Commercial services and supplies – 2.1% | ||
Copart, Inc. (A) | 9,645 | 649,301 |
Rollins, Inc. | 5,877 | 227,264 |
Information technology – 2.8% | 1,178,807 | |
IT services – 0.9% | ||
Sabre Corp. | 18,918 | 392,738 |
Software – 1.9% | ||
Intuit, Inc. | 3,131 | 786,069 |
SECURITIES LENDING COLLATERAL – 2.8% | $1,156,793 | |
(Cost $1,156,784) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 115,596 | 1,156,793 |
SHORT-TERM INVESTMENTS – 0.1% | $51,439 | |
(Cost $51,439) | ||
Money market funds – 0.1% | 51,439 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 51,439 | 51,439 |
Total investments (Multifactor Consumer Discretionary ETF) (Cost $39,858,077) 102.8% | $43,347,675 | |
Other assets and liabilities, net (2.8%) | (1,186,029) | |
Total net assets 100.0% | $42,161,646 |
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 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(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% | $28,844,811 | |
(Cost $27,670,779) | ||
Consumer staples – 100.0% | 28,844,811 | |
Beverages – 19.6% | ||
Brown-Forman Corp., Class A | 3,382 | 176,879 |
Brown-Forman Corp., Class B | 9,686 | 516,167 |
Constellation Brands, Inc., Class A | 2,610 | 552,459 |
Keurig Dr. Pepper, Inc. | 3,422 | 99,478 |
Molson Coors Brewing Company, Class B | 5,925 | 380,326 |
Monster Beverage Corp. (A) | 6,021 | 358,852 |
PepsiCo, Inc. | 14,132 | 1,809,600 |
The Coca-Cola Company | 36,046 | 1,768,417 |
Food and staples retailing – 21.1% | ||
Casey's General Stores, Inc. | 1,704 | 225,524 |
Costco Wholesale Corp. | 5,178 | 1,271,354 |
Performance Food Group Company (A) | 5,973 | 244,594 |
Sysco Corp. | 8,999 | 633,260 |
The Kroger Company | 43,811 | 1,129,448 |
US Foods Holding Corp. (A) | 9,575 | 349,966 |
Walgreens Boots Alliance, Inc. | 9,941 | 532,539 |
Walmart, Inc. | 16,509 | 1,697,786 |
Food products – 33.0% | ||
Archer-Daniels-Midland Company | 20,754 | 925,628 |
Bunge, Ltd. | 4,721 | 247,428 |
Campbell Soup Company (B) | 8,164 | 315,865 |
Conagra Brands, Inc. | 16,901 | 520,213 |
Flowers Foods, Inc. | 6,577 | 142,984 |
General Mills, Inc. | 28,345 | 1,458,917 |
Hormel Foods Corp. | 9,639 | 384,982 |
Ingredion, Inc. | 2,837 | 268,806 |
Kellogg Company | 10,855 | 654,557 |
Lamb Weston Holdings, Inc. | 4,217 | 295,401 |
Lancaster Colony Corp. | 707 | 105,138 |
McCormick & Company, Inc. | 3,521 | 542,128 |
Mondelez International, Inc., Class A | 17,779 | 904,062 |
Pilgrim's Pride Corp. (A) | 2,824 | 75,994 |
Post Holdings, Inc. (A) | 3,544 | 399,692 |
Seaboard Corp. | 12 | 53,947 |
The Hershey Company | 5,198 | 648,970 |
The J.M. Smucker Company | 4,209 | 516,150 |
The Kraft Heinz Company | 6,265 | 208,249 |
Tyson Foods, Inc., Class A | 11,223 | 841,837 |
Household products – 16.3% | ||
Church & Dwight Company, Inc. | 8,745 | 655,438 |
Colgate-Palmolive Company | 12,112 | 881,632 |
Kimberly-Clark Corp. | 4,903 | 629,447 |
The Clorox Company | 4,752 | 759,037 |
The Procter & Gamble Company | 16,588 | 1,766,290 |
Personal products – 0.6% | ||
Herbalife Nutrition, Ltd. (A) | 3,326 | 175,779 |
30 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Tobacco – 9.4% | ||
Altria Group, Inc. | 26,321 | $1,430,020 |
Philip Morris International, Inc. | 14,898 | 1,289,571 |
SECURITIES LENDING COLLATERAL – 0.7% | $216,306 | |
(Cost $216,302) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 21,615 | 216,306 |
SHORT-TERM INVESTMENTS – 0.1% | $24,804 | |
(Cost $24,804) | ||
Money market funds – 0.1% | 24,804 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 24,804 | 24,804 |
Total investments (Multifactor Consumer Staples ETF) (Cost $27,911,885) 100.8% | $29,085,921 | |
Other assets and liabilities, net (0.8%) | (223,624) | |
Total net assets 100.0% | $28,862,297 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS - 98.6% | $504,568,878 | |
(Cost $471,537,449) | ||
Australia - 6.9% | 35,526,844 | |
AGL Energy, Ltd. | 48,596 | 760,362 |
Alumina, Ltd. | 40,117 | 63,249 |
Amcor, Ltd. | 39,339 | 443,851 |
AMP, Ltd. (A) | 333,410 | 532,702 |
APA Group | 74,985 | 507,726 |
Aristocrat Leisure, Ltd. | 28,760 | 527,930 |
ASX, Ltd. | 10,157 | 532,601 |
Aurizon Holdings, Ltd. | 236,771 | 793,260 |
Australia & New Zealand Banking Group, Ltd. | 75,501 | 1,445,446 |
BHP Group PLC | 69,437 | 1,637,897 |
BHP Group, Ltd. | 97,658 | 2,570,749 |
BlueScope Steel, Ltd. | 66,634 | 630,810 |
Brambles, Ltd. | 53,685 | 455,324 |
Caltex Australia, Ltd. | 18,608 | 356,376 |
CIMIC Group, Ltd. | 7,470 | 265,990 |
Cochlear, Ltd. | 4,400 | 580,150 |
Coles Group, Ltd. (A)(B) | 48,241 | 428,165 |
Commonwealth Bank of Australia | 42,980 | 2,254,340 |
Computershare, Ltd. | 34,980 | 438,987 |
Crown Resorts, Ltd. | 28,474 | 266,351 |
Shares or Principal Amount | Value | |
Australia (continued) | ||
CSL, Ltd. | 13,280 | $1,856,060 |
Dexus | 29,162 | 256,571 |
Fortescue Metals Group, Ltd. | 132,050 | 664,545 |
Goodman Group | 27,576 | 255,427 |
Insurance Australia Group, Ltd. | 55,841 | 309,713 |
LendLease Group | 47,575 | 445,359 |
Macquarie Group, Ltd. | 11,017 | 1,044,506 |
Medibank Pvt., Ltd. | 215,535 | 433,874 |
Mirvac Group | 107,036 | 213,205 |
National Australia Bank, Ltd. | 65,825 | 1,174,489 |
Newcrest Mining, Ltd. | 25,281 | 445,029 |
Oil Search, Ltd. | 109,485 | 599,535 |
Origin Energy, Ltd. | 99,685 | 517,104 |
Qantas Airways, Ltd. | 140,770 | 555,844 |
QBE Insurance Group, Ltd. | 94,170 | 857,021 |
Ramsay Health Care, Ltd. (A) | 9,071 | 417,044 |
REA Group, Ltd. | 4,075 | 229,168 |
Santos, Ltd. | 199,120 | 1,007,683 |
Scentre Group | 66,209 | 178,017 |
Sonic Healthcare, Ltd. | 25,148 | 454,016 |
South32, Ltd. | 169,992 | 399,627 |
Stockland | 86,572 | 229,720 |
Suncorp Group, Ltd. | 43,749 | 408,620 |
Sydney Airport | 116,093 | 622,646 |
Tabcorp Holdings, Ltd. | 121,234 | 408,733 |
Telstra Corp., Ltd. | 401,580 | 955,364 |
The GPT Group | 56,649 | 228,469 |
TPG Telecom, Ltd. | 13,897 | 65,927 |
Transurban Group | 30,647 | 289,913 |
Treasury Wine Estates, Ltd. | 25,390 | 307,377 |
Vicinity Centres | 91,944 | 164,376 |
Wesfarmers, Ltd. | 23,573 | 597,473 |
Westpac Banking Corp. (A) | 95,417 | 1,847,551 |
Woodside Petroleum, Ltd. | 30,206 | 752,409 |
Woolworths Group, Ltd. | 37,567 | 842,163 |
Austria - 0.2% | 911,577 | |
ANDRITZ AG | 2,312 | 110,120 |
Erste Group Bank AG (B) | 8,095 | 323,873 |
OMV AG | 3,204 | 171,457 |
Raiffeisen Bank International AG | 3,724 | 99,204 |
Telekom Austria AG (B) | 3,108 | 23,267 |
Verbund AG | 1,065 | 52,779 |
voestalpine AG | 4,079 | 130,877 |
Belgium - 1.1% | 5,745,240 | |
Ackermans & van Haaren NV | 2,674 | 429,734 |
Ageas | 20,055 | 1,056,356 |
Anheuser-Busch InBev SA | 17,956 | 1,594,973 |
Colruyt SA | 6,770 | 487,550 |
Galapagos NV (B) | 617 | 70,813 |
KBC Group NV | 8,395 | 621,135 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 31 |
Shares or Principal Amount | Value | |
Belgium (continued) | ||
Proximus SADP (A) | 12,697 | $355,027 |
Solvay SA | 2,496 | 299,727 |
Telenet Group Holding NV | 1,420 | 75,305 |
UCB SA | 4,278 | 339,057 |
Umicore SA (A) | 10,748 | 415,563 |
Chile - 0.1% | 245,562 | |
Antofagasta PLC | 20,745 | 245,562 |
China - 0.0% | 229,663 | |
Evergrande Health Industry Group, Ltd. (A)(B) | 165,000 | 229,663 |
Denmark - 1.6% | 8,061,866 | |
A.P. Moller - Maersk A/S, Series A | 177 | 215,483 |
A.P. Moller - Maersk A/S, Series B | 148 | 192,663 |
Carlsberg A/S, Class B | 3,559 | 459,350 |
Chr. Hansen Holding A/S | 6,214 | 633,373 |
Coloplast A/S, B Shares | 2,675 | 288,395 |
Danske Bank A/S | 16,696 | 295,867 |
DSV A/S | 9,385 | 866,418 |
Genmab A/S (B) | 2,802 | 464,781 |
H Lundbeck A/S | 7,996 | 336,085 |
Novo Nordisk A/S, B Shares | 46,144 | 2,254,677 |
Novozymes A/S, B Shares | 18,646 | 868,252 |
Orsted A/S (C) | 4,116 | 314,864 |
The Drilling Company of 1972 A/S (B) | 650 | 49,860 |
Tryg A/S | 3,305 | 100,911 |
Vestas Wind Systems A/S | 6,682 | 603,839 |
William Demant Holding A/S (B) | 3,713 | 117,048 |
Finland - 1.2% | 5,879,685 | |
Elisa OYJ | 10,834 | 459,319 |
Fortum OYJ | 14,050 | 296,652 |
Kesko OYJ, A Shares | 710 | 34,056 |
Kesko OYJ, B Shares | 2,126 | 110,315 |
Kone OYJ, Class B | 11,256 | 616,350 |
Neste OYJ | 12,138 | 400,474 |
Nokia OYJ | 107,363 | 562,986 |
Nokian Renkaat OYJ | 8,884 | 296,897 |
Nordea Bank ABP | 79,997 | 629,000 |
Orion OYJ, Class A | 1,408 | 47,023 |
Orion OYJ, Class B | 7,221 | 239,783 |
Sampo OYJ, A Shares | 8,681 | 396,546 |
Stora Enso OYJ, R Shares | 41,952 | 520,228 |
UPM-Kymmene OYJ | 28,169 | 792,698 |
Wartsila OYJ ABP | 29,954 | 477,358 |
France - 10.4% | 52,956,291 | |
Aeroports de Paris | 2,087 | 424,745 |
Air Liquide SA | 13,561 | 1,801,702 |
Airbus SE | 13,678 | 1,868,292 |
AXA SA (A) | 57,640 | 1,533,860 |
BNP Paribas SA | 27,519 | 1,463,385 |
Shares or Principal Amount | Value | |
France (continued) | ||
Bouygues SA (A) | 39,890 | $1,499,397 |
Capgemini SE | 10,024 | 1,214,385 |
Carrefour SA | 17,449 | 339,672 |
Cie de Saint-Gobain | 39,822 | 1,626,264 |
Cie Generale des Etablissements Michelin SCA | 21,863 | 2,821,391 |
CNP Assurances (A) | 10,989 | 259,116 |
Credit Agricole SA | 57,596 | 789,420 |
Danone SA | 14,784 | 1,194,253 |
Dassault Aviation SA | 44 | 66,520 |
Dassault Systemes SA | 4,654 | 735,680 |
Electricite de France SA | 50,309 | 723,936 |
Engie SA | 93,536 | 1,384,225 |
EssilorLuxottica SA (B) | 3,800 | 462,065 |
Hermes International | 709 | 498,359 |
Kering SA | 1,598 | 943,794 |
Legrand SA | 22,136 | 1,625,409 |
L'Oreal SA (A) | 5,763 | 1,583,002 |
LVMH Moet Hennessy Louis Vuitton SE | 7,590 | 2,969,060 |
Natixis SA | 75,244 | 442,543 |
Orange SA | 222,574 | 3,483,413 |
Pernod Ricard SA | 2,420 | 421,324 |
Peugeot SA (A) | 94,314 | 2,469,100 |
Publicis Groupe SA | 16,097 | 953,951 |
Renault SA | 19,562 | 1,333,366 |
Safran SA | 11,117 | 1,618,402 |
Sanofi | 24,886 | 2,161,177 |
Schneider Electric SE | 11,290 | 954,773 |
Societe Generale SA | 23,661 | 748,307 |
Sodexo SA | 7,600 | 870,896 |
Thales SA | 8,530 | 1,017,617 |
TOTAL SA | 63,245 | 3,511,686 |
Unibail-Rodamco-Westfield (Euronext Amsterdam) | 5,628 | 966,594 |
Unibail-Rodamco-Westfield (Euronext Paris) | 563 | 96,694 |
Vinci SA (A) | 17,604 | 1,775,988 |
Vivendi SA (A) | 79,418 | 2,302,528 |
Germany - 8.8% | 45,057,592 | |
adidas AG | 5,341 | 1,371,315 |
Allianz SE | 11,694 | 2,815,055 |
BASF SE | 29,628 | 2,406,966 |
Bayer AG | 22,283 | 1,481,872 |
Bayerische Motoren Werke AG | 21,366 | 1,817,417 |
Beiersdorf AG | 5,182 | 565,880 |
Commerzbank AG (B) | 59,757 | 536,561 |
Continental AG | 3,803 | 628,052 |
Covestro AG (C) | 12,454 | 680,414 |
Daimler AG | 28,675 | 1,874,819 |
Deutsche Bank AG | 133,202 | 1,100,041 |
Deutsche Boerse AG | 11,577 | 1,542,650 |
Deutsche Lufthansa AG | 64,784 | 1,562,427 |
32 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Germany (continued) | ||
Deutsche Post AG | 23,772 | $823,216 |
Deutsche Telekom AG | 104,969 | 1,754,465 |
Deutsche Wohnen SE | 47,298 | 2,123,986 |
E.ON SE | 214,423 | 2,299,228 |
Evonik Industries AG | 25,273 | 752,271 |
Fresenius Medical Care AG & Company KGaA | 22,062 | 1,853,378 |
Fresenius SE & Company KGaA | 5,710 | 323,672 |
Hannover Rueck SE | 3,173 | 477,924 |
HeidelbergCement AG | 13,688 | 1,104,491 |
Henkel AG & Company KGaA | 1,599 | 152,230 |
HOCHTIEF AG | 595 | 88,687 |
Infineon Technologies AG | 83,856 | 1,975,876 |
Innogy SE (C) | 13,199 | 612,246 |
Innogy SE (B) | 1,744 | 75,639 |
Merck KGaA | 1,775 | 188,739 |
MTU Aero Engines AG | 1,512 | 355,337 |
Muenchener Rueckversicherungs-Gesellschaft AG | 5,058 | 1,264,076 |
RWE AG | 49,600 | 1,265,710 |
SAP SE | 13,810 | 1,773,340 |
Siemens AG | 10,257 | 1,226,979 |
Siemens Healthineers AG (C) | 1,950 | 83,088 |
Symrise AG | 3,698 | 355,171 |
TUI AG | 34,181 | 380,454 |
Volkswagen AG | 1,953 | 348,883 |
Vonovia SE | 80,042 | 3,989,098 |
Wirecard AG | 6,847 | 1,025,939 |
Hong Kong - 3.8% | 19,182,558 | |
AIA Group, Ltd. | 303,802 | 3,095,950 |
BOC Hong Kong Holdings, Ltd. | 124,295 | 556,091 |
CK Asset Holdings, Ltd. | 86,396 | 693,776 |
CK Hutchison Holdings, Ltd. | 90,773 | 953,386 |
CK Infrastructure Holdings, Ltd. | 27,929 | 226,767 |
CLP Holdings, Ltd. | 83,071 | 941,847 |
Dairy Farm International Holdings, Ltd. | 20,500 | 160,515 |
Galaxy Entertainment Group, Ltd. | 78,641 | 587,898 |
Hang Lung Properties, Ltd. | 171,000 | 401,922 |
Hang Seng Bank, Ltd. | 24,989 | 656,147 |
Henderson Land Development Company, Ltd. | 41,206 | 253,684 |
HKT Trust & HKT, Ltd. | 484,337 | 750,700 |
Hong Kong & China Gas Company, Ltd. | 124,986 | 298,231 |
Hong Kong Exchanges & Clearing, Ltd. | 38,824 | 1,346,028 |
Hongkong Land Holdings, Ltd. | 65,300 | 455,141 |
Link REIT | 62,026 | 723,402 |
MTR Corp., Ltd. | 50,500 | 300,603 |
New World Development Company, Ltd. | 666,060 | 1,101,978 |
Power Assets Holdings, Ltd. | 102,573 | 715,163 |
Sino Land Company, Ltd. | 330,927 | 582,098 |
Sun Hung Kai Properties, Ltd. | 45,662 | 788,059 |
Swire Pacific, Ltd., Class A | 39,865 | 504,575 |
Shares or Principal Amount | Value | |
Hong Kong (continued) | ||
Swire Pacific, Ltd., Class B | 80,628 | $159,706 |
Swire Properties, Ltd. | 85,601 | 347,515 |
Techtronic Industries Company, Ltd. | 105,433 | 761,982 |
The Bank of East Asia, Ltd. | 151,105 | 476,693 |
Wharf Real Estate Investment Company, Ltd. | 86,992 | 666,406 |
Wheelock & Company, Ltd. | 95,001 | 676,295 |
Ireland - 0.7% | 3,584,879 | |
AIB Group PLC | 12,630 | 58,571 |
Bank of Ireland Group PLC | 49,505 | 315,683 |
CRH PLC | 25,962 | 870,832 |
DCC PLC | 6,534 | 583,316 |
ICON PLC (B) | 2,734 | 373,410 |
James Hardie Industries PLC | 22,207 | 301,354 |
Kerry Group PLC, Class A | 4,845 | 541,893 |
Kingspan Group PLC | 5,221 | 274,303 |
Smurfit Kappa Group PLC | 9,067 | 265,517 |
Israel - 0.4% | 1,766,266 | |
Azrieli Group, Ltd. | 521 | 29,631 |
Bank Hapoalim BM | 32,920 | 241,803 |
Bank Leumi Le-Israel BM | 74,795 | 511,165 |
Check Point Software Technologies, Ltd. (B) | 2,385 | 288,013 |
Elbit Systems, Ltd. | 517 | 71,900 |
Israel Chemicals, Ltd. | 13,868 | 73,364 |
Mellanox Technologies, Ltd. (B) | 128 | 15,398 |
Nice, Ltd. (B) | 1,093 | 150,671 |
Taro Pharmaceutical Industries, Ltd. | 157 | 16,863 |
Teva Pharmaceutical Industries, Ltd. (B) | 23,902 | 367,458 |
Italy - 2.0% | 10,175,507 | |
A2A SpA | 42,104 | 70,307 |
Assicurazioni Generali SpA | 25,404 | 492,536 |
Atlantia SpA | 6,724 | 183,266 |
Davide Campari-Milano SpA | 30,729 | 309,426 |
DiaSorin SpA | 1,098 | 107,179 |
Enel SpA | 179,738 | 1,135,878 |
Eni SpA | 113,314 | 1,932,550 |
Ferrari NV | 4,073 | 551,177 |
FinecoBank Banca Fineco SpA | 23,423 | 308,046 |
Intesa Sanpaolo SpA | 274,566 | 719,110 |
Leonardo SpA | 20,633 | 238,056 |
Mediobanca SpA | 56,637 | 599,821 |
Moncler SpA | 11,515 | 471,931 |
Pirelli & C SpA (B)(C) | 11,784 | 85,947 |
Poste Italiane SpA (C) | 27,572 | 293,859 |
Prysmian SpA | 12,815 | 246,879 |
Recordati SpA | 8,043 | 324,406 |
Snam SpA | 30,579 | 155,483 |
Telecom Italia SpA (A)(B) | 1,180,871 | 659,849 |
Terna Rete Elettrica Nazionale SpA | 105,402 | 630,546 |
UniCredit SpA | 40,346 | 557,511 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 33 |
Shares or Principal Amount | Value | |
Italy (continued) | ||
UnipolSai Assicurazioni SpA (A) | 37,177 | $101,744 |
Japan - 24.7% | 126,567,067 | |
ABC-Mart, Inc. | 1,700 | 105,625 |
Acom Company, Ltd. | 24,000 | 84,040 |
Aeon Company, Ltd. | 20,500 | 378,157 |
AEON Financial Service Company, Ltd. | 6,100 | 125,916 |
AGC, Inc. | 13,900 | 472,382 |
Aisin Seiki Company, Ltd. | 12,900 | 498,626 |
Ajinomoto Company, Inc. | 10,800 | 173,818 |
Alfresa Holdings Corp. | 6,900 | 191,744 |
Alps Alpine Company, Ltd. | 14,500 | 305,558 |
ANA Holdings, Inc. | 26,800 | 935,564 |
Asahi Group Holdings, Ltd. | 9,200 | 398,894 |
Asahi Intecc Company, Ltd. | 2,900 | 146,074 |
Asahi Kasei Corp. | 54,300 | 557,261 |
Astellas Pharma, Inc. | 38,800 | 525,694 |
Bandai Namco Holdings, Inc. | 15,200 | 723,322 |
Bridgestone Corp. | 36,800 | 1,455,810 |
Brother Industries, Ltd. | 17,600 | 344,968 |
Calbee, Inc. | 7,400 | 203,313 |
Canon, Inc. | 21,700 | 601,852 |
Central Japan Railway Company | 4,900 | 1,051,273 |
Chubu Electric Power Company, Inc. | 20,300 | 294,544 |
Chugai Pharmaceutical Company, Ltd. | 3,000 | 189,630 |
Coca-Cola Bottlers Japan Holdings, Inc. | 7,600 | 186,767 |
Concordia Financial Group, Ltd. | 93,100 | 361,115 |
CyberAgent, Inc. | 3,600 | 143,192 |
Dai Nippon Printing Company, Ltd. | 26,200 | 619,390 |
Daicel Corp. | 13,900 | 155,006 |
Daifuku Company, Ltd. | 7,200 | 438,303 |
Dai-ichi Life Holdings, Inc. | 36,800 | 527,012 |
Daiichi Sankyo Company, Ltd. | 7,600 | 374,012 |
Daikin Industries, Ltd. | 6,800 | 860,875 |
Daito Trust Construction Company, Ltd. | 2,300 | 306,976 |
Daiwa House Industry Company, Ltd. | 20,200 | 564,240 |
Daiwa Securities Group, Inc. | 100,000 | 462,492 |
Denso Corp. | 10,800 | 470,594 |
Dentsu, Inc. | 4,300 | 175,089 |
Disco Corp. | 1,900 | 325,495 |
Don Quijote Holdings Company, Ltd. | 6,100 | 392,700 |
East Japan Railway Company | 19,700 | 1,851,048 |
Eisai Company, Ltd. | 3,300 | 191,230 |
Electric Power Development Company, Ltd. | 15,400 | 356,741 |
FamilyMart UNY Holdings Company, Ltd. | 3,300 | 87,941 |
FANUC Corp. | 2,600 | 484,983 |
Fast Retailing Company, Ltd. | 1,800 | 1,038,545 |
Fuji Electric Company, Ltd. | 6,500 | 229,068 |
FUJIFILM Holdings Corp. | 13,200 | 614,400 |
Fujitsu, Ltd. | 9,600 | 701,199 |
Hakuhodo DY Holdings, Inc. | 9,200 | 154,717 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Hamamatsu Photonics KK | 5,000 | $202,245 |
Hankyu Hanshin Holdings, Inc. | 26,500 | 987,430 |
Hikari Tsushin, Inc. | 1,500 | 276,633 |
Hino Motors, Ltd. | 40,000 | 376,386 |
Hirose Electric Company, Ltd. | 1,305 | 150,683 |
Hisamitsu Pharmaceutical Company, Inc. | 1,800 | 76,121 |
Hitachi Chemical Company, Ltd. | 11,700 | 309,899 |
Hitachi Construction Machinery Company, Ltd. | 13,300 | 352,278 |
Hitachi High-Technologies Corp. | 2,100 | 93,333 |
Hitachi Metals, Ltd. | 25,400 | 292,143 |
Hitachi, Ltd. | 32,800 | 1,086,413 |
Honda Motor Company, Ltd. | 55,000 | 1,531,358 |
Hoshizaki Corp. | 3,000 | 193,939 |
Hoya Corp. | 12,800 | 898,155 |
Hulic Company, Ltd. | 14,200 | 122,142 |
Idemitsu Kosan Company, Ltd. | 24,659 | 798,166 |
Iida Group Holdings Company, Ltd. | 11,500 | 194,016 |
Inpex Corp. | 32,900 | 319,326 |
Isetan Mitsukoshi Holdings, Ltd. | 30,900 | 293,810 |
Isuzu Motors, Ltd. | 30,600 | 438,360 |
ITOCHU Corp. | 45,800 | 822,447 |
Itochu Techno-Solutions Corp. | 1,000 | 24,431 |
Japan Airlines Company, Ltd. | 19,300 | 646,193 |
Japan Exchange Group, Inc. | 39,500 | 641,221 |
Japan Post Bank Company, Ltd. | 9,200 | 101,024 |
Japan Post Holdings Company, Ltd. | 27,000 | 301,333 |
Japan Post Insurance Company, Ltd. | 1,300 | 26,204 |
Japan Real Estate Investment Corp. | 43 | 238,213 |
Japan Retail Fund Investment Corp. | 65 | 124,310 |
Japan Tobacco, Inc. | 30,000 | 693,872 |
JFE Holdings, Inc. | 17,100 | 292,485 |
JGC Corp. | 12,900 | 183,930 |
JSR Corp. | 7,800 | 118,217 |
JTEKT Corp. | 40,500 | 519,636 |
JXTG Holdings, Inc. | 180,800 | 877,742 |
Kajima Corp. | 52,300 | 772,467 |
Kansai Paint Company, Ltd. | 7,000 | 132,929 |
Kao Corp. | 16,400 | 1,260,021 |
Kawasaki Heavy Industries, Ltd. | 22,700 | 527,068 |
KDDI Corp. | 58,500 | 1,334,404 |
Keikyu Corp. | 11,600 | 197,473 |
Keio Corp. | 5,399 | 324,788 |
Keisei Electric Railway Company, Ltd. | 6,400 | 223,533 |
Keyence Corp. | 1,100 | 682,667 |
Kikkoman Corp. | 5,000 | 231,650 |
Kintetsu Group Holdings Company, Ltd. | 15,900 | 704,525 |
Kirin Holdings Company, Ltd. | 28,000 | 633,410 |
Kobayashi Pharmaceutical Company, Ltd. | 1,100 | 87,506 |
Koito Manufacturing Company, Ltd. | 7,900 | 469,567 |
Komatsu, Ltd. | 19,600 | 501,901 |
Konami Holdings Corp. | 6,800 | 308,938 |
34 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Konica Minolta, Inc. | 55,600 | $556,125 |
Kose Corp. | 1,500 | 280,808 |
Kubota Corp. | 17,700 | 267,467 |
Kuraray Company, Ltd. | 38,700 | 516,695 |
Kyocera Corp. | 10,800 | 697,212 |
Kyowa Hakko Kirin Company, Ltd. | 7,400 | 143,249 |
Kyushu Electric Power Company, Inc. | 67,300 | 650,793 |
Kyushu Railway Company | 4,000 | 130,011 |
Lawson, Inc. | 5,800 | 270,276 |
LINE Corp. (A)(B) | 1,600 | 53,657 |
Lion Corp. | 12,100 | 248,573 |
LIXIL Group Corp. | 31,900 | 414,449 |
M3, Inc. | 13,200 | 233,363 |
Makita Corp. | 3,000 | 109,091 |
Marubeni Corp. | 53,300 | 380,506 |
Mazda Motor Corp. | 66,400 | 784,280 |
Medipal Holdings Corp. | 4,900 | 109,769 |
MEIJI Holdings Company, Ltd. | 4,200 | 329,966 |
MINEBEA MITSUMI, Inc. | 28,700 | 507,645 |
MISUMI Group, Inc. | 15,400 | 397,946 |
Mitsubishi Chemical Holdings Corp. | 111,600 | 790,694 |
Mitsubishi Corp. | 46,400 | 1,273,162 |
Mitsubishi Electric Corp. | 27,100 | 384,936 |
Mitsubishi Estate Company, Ltd. | 15,900 | 267,748 |
Mitsubishi Heavy Industries, Ltd. | 10,300 | 427,352 |
Mitsubishi Motors Corp. | 12,700 | 71,040 |
Mitsubishi Tanabe Pharma Corp. | 2,800 | 35,146 |
Mitsubishi UFJ Financial Group, Inc. | 346,800 | 1,712,281 |
Mitsubishi UFJ Lease & Finance Company, Ltd. | 72,400 | 366,632 |
Mitsui & Company, Ltd. | 56,400 | 908,477 |
Mitsui Chemicals, Inc. | 30,400 | 741,883 |
Mitsui Fudosan Company, Ltd. | 21,200 | 488,623 |
Mizuho Financial Group, Inc. | 597,500 | 930,786 |
MonotaRO Company, Ltd. | 6,500 | 149,522 |
MS&AD Insurance Group Holdings, Inc. | 14,300 | 441,422 |
Murata Manufacturing Company, Ltd. | 9,000 | 481,616 |
NEC Corp. | 30,200 | 1,015,479 |
Nexon Company, Ltd. (B) | 5,800 | 83,114 |
NGK Insulators, Ltd. | 19,000 | 280,458 |
NGK Spark Plug Company, Ltd. | 12,500 | 242,088 |
NH Foods, Ltd. (A) | 4,200 | 168,566 |
Nidec Corp. | 5,400 | 765,333 |
Nikon Corp. | 30,600 | 425,859 |
Nintendo Company, Ltd. | 1,500 | 511,785 |
Nippon Building Fund, Inc. | 39 | 251,071 |
Nippon Express Company, Ltd. | 11,800 | 646,285 |
Nippon Paint Holdings Company, Ltd. | 1,800 | 68,121 |
Nippon Steel & Sumitomo Metal Corp. | 27,100 | 481,899 |
Nippon Telegraph & Telephone Corp. | 82,200 | 3,406,826 |
Nissan Chemical Corp. | 9,000 | 398,384 |
Nissan Motor Company, Ltd. | 151,000 | 1,211,118 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Nisshin Seifun Group, Inc. | 10,400 | $241,289 |
Nissin Foods Holdings Company, Ltd. | 2,600 | 171,116 |
Nitori Holdings Company, Ltd. | 2,600 | 309,315 |
Nitto Denko Corp. | 3,600 | 193,616 |
Nomura Holdings, Inc. | 93,900 | 352,246 |
Nomura Real Estate Master Fund, Inc. | 114 | 166,944 |
Nomura Research Institute, Ltd. | 5,800 | 282,774 |
NSK, Ltd. | 67,200 | 693,872 |
NTT Data Corp. | 21,300 | 247,472 |
NTT DOCOMO, Inc. | 43,900 | 950,132 |
Obayashi Corp. | 90,100 | 880,978 |
Obic Company, Ltd. | 2,200 | 254,025 |
Odakyu Electric Railway Company, Ltd. | 21,800 | 511,652 |
Oji Holdings Corp. | 100,000 | 597,980 |
Olympus Corp. | 39,200 | 437,843 |
Omron Corp. | 6,700 | 357,935 |
Ono Pharmaceutical Company, Ltd. | 4,900 | 91,489 |
Oracle Corp. Japan | 3,100 | 211,816 |
Oriental Land Company, Ltd. | 2,700 | 297,455 |
ORIX Corp. | 45,000 | 634,949 |
Osaka Gas Company, Ltd. | 43,900 | 810,007 |
Otsuka Corp. | 7,500 | 294,276 |
Otsuka Holdings Company, Ltd. | 6,700 | 238,764 |
Panasonic Corp. | 77,600 | 711,377 |
PeptiDream, Inc. (B) | 3,400 | 182,860 |
Persol Holdings Company, Ltd. | 6,400 | 119,754 |
Pigeon Corp. | 4,100 | 173,571 |
Pola Orbis Holdings, Inc. | 6,300 | 197,980 |
Rakuten, Inc. | 15,300 | 169,657 |
Recruit Holdings Company, Ltd. | 24,700 | 738,283 |
Renesas Electronics Corp. (B) | 7,900 | 42,062 |
Resona Holdings, Inc. | 71,400 | 301,114 |
Ricoh Company, Ltd. | 56,700 | 571,709 |
Rohm Company, Ltd. | 5,100 | 373,199 |
Ryohin Keikaku Company, Ltd. | 1,800 | 341,657 |
Santen Pharmaceutical Company, Ltd. | 13,000 | 197,728 |
SBI Holdings, Inc. | 17,800 | 379,254 |
Secom Company, Ltd. | 2,800 | 234,760 |
Seibu Holdings, Inc. | 16,300 | 264,459 |
Seiko Epson Corp. | 24,200 | 386,548 |
Sekisui Chemical Company, Ltd. | 62,200 | 994,642 |
Sekisui House, Ltd. | 31,300 | 503,610 |
Seven & i Holdings Company, Ltd. | 25,600 | 887,007 |
SG Holdings Company, Ltd. | 5,100 | 136,229 |
Sharp Corp. (B) | 2,300 | 25,525 |
Shimadzu Corp. | 7,900 | 210,950 |
Shimano, Inc. | 1,000 | 146,263 |
Shimizu Corp. | 64,100 | 546,181 |
Shin-Etsu Chemical Company, Ltd. | 4,900 | 458,873 |
Shionogi & Company, Ltd. | 6,100 | 354,690 |
Shiseido Company, Ltd. | 8,100 | 634,036 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 35 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Showa Denko KK | 14,200 | $480,027 |
SMC Corp. | 800 | 330,846 |
Softbank Corp. (A) | 14,400 | 169,632 |
SoftBank Group Corp. | 24,000 | 2,489,966 |
Sohgo Security Services Company, Ltd. | 2,100 | 93,428 |
Sompo Holdings, Inc. | 10,700 | 399,755 |
Sony Corp. | 28,300 | 1,324,351 |
Sony Financial Holdings, Inc. | 13,800 | 280,894 |
Stanley Electric Company, Ltd. | 10,800 | 291,879 |
Subaru Corp. | 19,200 | 468,989 |
SUMCO Corp. | 7,800 | 102,249 |
Sumitomo Chemical Company, Ltd. | 178,700 | 885,678 |
Sumitomo Corp. | 39,200 | 559,447 |
Sumitomo Dainippon Pharma Company, Ltd. | 8,000 | 175,982 |
Sumitomo Electric Industries, Ltd. | 24,200 | 320,385 |
Sumitomo Metal Mining Company, Ltd. | 13,400 | 418,573 |
Sumitomo Mitsui Financial Group, Inc. | 39,900 | 1,440,520 |
Sumitomo Mitsui Trust Holdings, Inc. | 8,000 | 277,549 |
Sumitomo Realty & Development Company, Ltd. | 4,800 | 176,830 |
Sundrug Company, Ltd. | 5,200 | 138,947 |
Suntory Beverage & Food, Ltd. | 3,200 | 140,786 |
Suzuken Company, Ltd. | 1,000 | 57,464 |
Suzuki Motor Corp. | 11,500 | 522,985 |
Sysmex Corp. | 5,200 | 296,569 |
T&D Holdings, Inc. | 40,000 | 429,719 |
Taisei Corp. | 7,200 | 315,152 |
Taisho Pharmaceutical Holdings Company, Ltd. | 3,100 | 286,132 |
Taiyo Nippon Sanso Corp. | 15,000 | 249,024 |
Takeda Pharmaceutical Company, Ltd. | 27,147 | 1,002,276 |
TDK Corp. | 10,900 | 948,337 |
Terumo Corp. | 13,400 | 402,692 |
The Chiba Bank, Ltd. | 71,300 | 371,944 |
The Chugoku Electric Power Company, Inc. (A) | 32,600 | 388,419 |
The Kansai Electric Power Company, Inc. | 41,100 | 496,521 |
The Shizuoka Bank, Ltd. | 50,000 | 381,594 |
Tobu Railway Company, Ltd. | 32,800 | 924,732 |
Toho Company, Ltd. | 4,000 | 167,183 |
Tohoku Electric Power Company, Inc. | 86,100 | 983,337 |
Tokio Marine Holdings, Inc. | 22,200 | 1,116,628 |
Tokyo Century Corp. | 4,800 | 220,660 |
Tokyo Electric Power Company Holdings, Inc. (B) | 231,800 | 1,307,029 |
Tokyo Electron, Ltd. | 3,500 | 554,501 |
Tokyo Gas Company, Ltd. | 13,100 | 332,514 |
Tokyu Corp. | 6,700 | 109,005 |
Toppan Printing Company, Ltd. | 25,800 | 417,201 |
Toray Industries, Inc. | 47,300 | 321,916 |
Toshiba Corp. | 11,900 | 395,331 |
Tosoh Corp. | 34,100 | 546,519 |
TOTO, Ltd. | 7,500 | 315,825 |
Shares or Principal Amount | Value | |
Japan (continued) | ||
Toyota Industries Corp. | 5,000 | $282,828 |
Toyota Motor Corp. | 96,500 | 5,982,783 |
Toyota Tsusho Corp. | 7,100 | 234,595 |
Trend Micro, Inc. | 10,200 | 509,199 |
Tsuruha Holdings, Inc. | 1,900 | 161,553 |
Unicharm Corp. | 13,900 | 455,408 |
United Urban Investment Corp. | 58 | 92,592 |
USS Company, Ltd. | 17,800 | 339,778 |
West Japan Railway Company | 9,300 | 689,891 |
Yahoo Japan Corp. | 41,500 | 110,294 |
Yakult Honsha Company, Ltd. | 1,200 | 81,347 |
Yamada Denki Company, Ltd. (A) | 43,700 | 206,778 |
Yamaha Corp. | 5,600 | 289,113 |
Yamaha Motor Company, Ltd. | 23,200 | 476,602 |
Yamato Holdings Company, Ltd. | 5,200 | 112,637 |
Yamazaki Baking Company, Ltd. | 6,000 | 88,997 |
Yaskawa Electric Corp. | 14,200 | 522,101 |
ZOZO, Inc. | 14,000 | 247,003 |
Luxembourg - 0.3% | 1,466,913 | |
ArcelorMittal | 22,396 | 485,118 |
Millicom International Cellular SA (A) | 14,465 | 845,217 |
Tenaris SA | 9,844 | 136,578 |
Macau - 0.1% | 703,356 | |
Sands China, Ltd. | 64,800 | 355,990 |
Wynn Macau, Ltd. | 121,121 | 347,366 |
Mexico - 0.0% | 145,421 | |
Fresnillo PLC | 14,897 | 145,421 |
Netherlands - 3.9% | 19,846,169 | |
ABN AMRO Group NV (A)(C) | 26,402 | 620,476 |
Adyen NV (B)(C) | 189 | 153,691 |
Akzo Nobel NV | 22,452 | 1,904,761 |
ASML Holding NV (A) | 8,420 | 1,750,811 |
Heineken Holding NV (A) | 6,627 | 672,504 |
Heineken NV (A) | 6,594 | 711,204 |
ING Groep NV (A) | 100,521 | 1,279,298 |
Koninklijke Ahold Delhaize NV | 40,063 | 963,525 |
Koninklijke DSM NV | 13,879 | 1,584,196 |
Koninklijke Philips NV | 30,975 | 1,317,906 |
NN Group NV | 22,904 | 996,452 |
Royal Dutch Shell PLC, A Shares | 104,868 | 3,349,424 |
Royal Dutch Shell PLC, B Shares | 90,139 | 2,896,027 |
Wolters Kluwer NV | 23,619 | 1,645,894 |
New Zealand - 0.1% | 695,901 | |
a2 Milk Company, Ltd. (B) | 12,775 | 142,875 |
Auckland International Airport, Ltd. | 22,520 | 119,698 |
Fisher & Paykel Healthcare Corp., Ltd. | 11,689 | 123,245 |
Meridian Energy, Ltd. | 42,047 | 113,847 |
Ryman Healthcare, Ltd. | 5,373 | 43,537 |
36 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
New Zealand (continued) | ||
Spark New Zealand, Ltd. | 62,389 | $152,699 |
Norway - 0.6% | 3,156,849 | |
Adevinta ASA, A Shares (B) | 1,034 | 10,405 |
Adevinta ASA, B Shares (B) | 1,268 | 12,446 |
Aker ASA, A Shares | 551 | 37,594 |
Aker BP ASA | 3,734 | 122,847 |
DNB ASA | 27,407 | 525,004 |
Equinor ASA (A) | 58,473 | 1,301,316 |
Gjensidige Forsikring ASA | 2,676 | 51,849 |
Mowi ASA | 8,009 | 173,100 |
Norsk Hydro ASA | 29,646 | 126,709 |
Orkla ASA (A) | 9,385 | 73,409 |
Salmar ASA | 1,345 | 60,970 |
Schibsted ASA, A Shares | 1,034 | 27,071 |
Schibsted ASA, B Shares | 1,268 | 30,265 |
Telenor ASA | 20,986 | 420,327 |
Yara International ASA | 4,079 | 183,537 |
Portugal - 0.1% | 714,188 | |
EDP - Energias de Portugal SA (B) | 77,278 | 292,640 |
Galp Energia SGPS SA | 12,919 | 216,741 |
Jeronimo Martins SGPS SA | 12,586 | 204,807 |
Singapore - 1.0% | 5,210,059 | |
Ascendas Real Estate Investment Trust | 70,900 | 156,259 |
CapitaLand Commercial Trust | 24,800 | 35,345 |
CapitaLand Mall Trust | 80,000 | 142,227 |
CapitaLand, Ltd. | 82,500 | 213,947 |
City Developments, Ltd. | 37,800 | 248,260 |
DBS Group Holdings, Ltd. | 24,158 | 501,369 |
Genting Singapore, Ltd. | 119,100 | 86,184 |
Jardine Cycle & Carriage, Ltd. | 2,800 | 73,065 |
Keppel Corp., Ltd. | 49,000 | 243,704 |
Oversea-Chinese Banking Corp., Ltd. | 107,666 | 957,066 |
Singapore Airlines, Ltd. | 29,300 | 208,363 |
Singapore Exchange, Ltd. | 59,500 | 322,590 |
Singapore Technologies Engineering, Ltd. | 53,300 | 155,060 |
Singapore Telecommunications, Ltd. | 281,900 | 656,496 |
United Overseas Bank, Ltd. | 54,624 | 1,116,798 |
Wilmar International, Ltd. | 34,900 | 93,326 |
Spain - 2.9% | 15,047,880 | |
ACS Actividades de Construccion y Servicios SA | 12,830 | 588,516 |
Aena SME SA (C) | 4,341 | 804,421 |
Amadeus IT Group SA | 14,788 | 1,175,351 |
Banco Bilbao Vizcaya Argentaria SA | 151,487 | 919,822 |
Banco Santander SA (A) | 449,529 | 2,272,837 |
CaixaBank SA | 222,459 | 707,791 |
EDP Renovaveis SA | 13,674 | 135,621 |
Endesa SA | 22,332 | 555,860 |
Ferrovial SA | 24,729 | 608,595 |
Shares or Principal Amount | Value | |
Spain (continued) | ||
Grifols SA | 33,502 | $928,881 |
Iberdrola SA | 196,184 | 1,780,455 |
Industria de Diseno Textil SA (A) | 36,808 | 1,112,533 |
Naturgy Energy Group SA | 26,492 | 751,741 |
Red Electrica Corp. SA | 15,984 | 331,127 |
Repsol SA | 68,009 | 1,153,174 |
Telefonica SA | 146,614 | 1,221,155 |
Sweden - 2.6% | 13,154,168 | |
Alfa Laval AB (A) | 9,945 | 230,559 |
Assa Abloy AB, B Shares | 13,348 | 284,460 |
Atlas Copco AB, A Shares (A) | 18,347 | 569,701 |
Atlas Copco AB, B Shares (A) | 10,854 | 308,604 |
Boliden AB (A) | 39,502 | 1,171,747 |
Electrolux AB, Series B | 12,079 | 296,423 |
Epiroc AB, A Shares (B) | 18,286 | 188,884 |
Epiroc AB, B Shares (B) | 10,813 | 106,858 |
Essity AB, B Shares | 13,334 | 395,246 |
Fastighets AB Balder, B Shares (B) | 4,064 | 128,331 |
Hennes & Mauritz AB, B Shares (A) | 28,417 | 494,939 |
Hexagon AB, B Shares | 3,006 | 163,789 |
Husqvarna AB, B Shares | 30,833 | 281,061 |
ICA Gruppen AB (A) | 8,715 | 314,891 |
Lundin Petroleum AB | 3,198 | 104,550 |
Nibe Industrier AB, B Shares | 6,722 | 90,222 |
Sandvik AB (A) | 34,857 | 644,027 |
Securitas AB, B Shares (A) | 23,924 | 417,741 |
Skandinaviska Enskilda Banken AB, A Shares | 36,356 | 346,550 |
Skandinaviska Enskilda Banken AB, C Shares | 373 | 3,610 |
Skanska AB, B Shares | 18,327 | 318,662 |
SKF AB, B Shares | 62,774 | 1,160,488 |
Svenska Cellulosa AB SCA, B Shares | 66,461 | 578,986 |
Svenska Handelsbanken AB, A Shares | 43,624 | 475,620 |
Svenska Handelsbanken AB, B Shares | 1,755 | 19,051 |
Swedbank AB, A Shares | 28,268 | 458,060 |
Swedish Match AB | 3,562 | 173,327 |
Swedish Orphan Biovitrum AB (B) | 8,590 | 156,317 |
Tele2 AB, B Shares (A) | 41,058 | 547,192 |
Telefonaktiebolaget LM Ericsson, B Shares | 59,078 | 584,143 |
Telia Company AB | 95,786 | 407,454 |
Trelleborg AB, B Shares | 16,532 | 273,018 |
Volvo AB, A Shares | 13,865 | 221,535 |
Volvo AB, B Shares | 77,438 | 1,238,122 |
Switzerland - 9.3% | 47,437,026 | |
ABB, Ltd. | 177,385 | 3,650,406 |
Alcon, Inc. (B) | 10,897 | 627,513 |
Chocoladefabriken Lindt & Sprungli AG | 17 | 113,027 |
Chocoladefabriken Lindt & Sprungli AG | 2 | 151,717 |
Cie Financiere Richemont SA | 26,472 | 1,935,392 |
Coca-Cola HBC AG (B) | 21,336 | 762,400 |
Credit Suisse Group AG (B) | 190,043 | 2,536,393 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 37 |
Shares or Principal Amount | Value | |
Switzerland (continued) | ||
Ferguson PLC | 18,027 | $1,278,449 |
Givaudan SA | 701 | 1,815,446 |
Glencore PLC (B) | 358,827 | 1,423,703 |
LafargeHolcim, Ltd. (B) | 38,837 | 1,996,351 |
Lonza Group AG (B) | 5,239 | 1,617,972 |
Nestle SA | 69,703 | 6,706,947 |
Novartis AG | 54,487 | 4,449,326 |
Partners Group Holding AG | 1,259 | 948,389 |
Roche Holding AG | 16,469 | 4,341,093 |
Roche Holding AG, Bearer Shares | 1,359 | 355,554 |
Schindler Holding AG | 1,584 | 336,386 |
Schindler Holding AG, Participation Certificates | 3,198 | 689,814 |
SGS SA | 382 | 1,008,045 |
Sika AG | 9,338 | 1,429,566 |
STMicroelectronics NV | 46,961 | 861,803 |
Swiss Re AG | 28,724 | 2,764,156 |
Swisscom AG (A) | 4,219 | 1,965,416 |
The Swatch Group AG | 3,914 | 229,693 |
The Swatch Group AG, Bearer Shares | 2,434 | 743,337 |
UBS Group AG (B) | 83,981 | 1,126,203 |
Zurich Insurance Group AG | 4,932 | 1,572,529 |
United Arab Emirates - 0.0% | 202,008 | |
NMC Health PLC (A) | 5,491 | 202,008 |
United Kingdom - 15.8% | 80,725,816 | |
3i Group PLC | 109,317 | 1,525,582 |
Admiral Group PLC | 14,402 | 413,805 |
Anglo American PLC | 74,176 | 1,916,005 |
Ashtead Group PLC | 38,982 | 1,078,377 |
Associated British Foods PLC | 10,831 | 361,327 |
AstraZeneca PLC | 31,897 | 2,381,015 |
Aviva PLC | 294,512 | 1,649,025 |
BAE Systems PLC | 238,481 | 1,535,825 |
Barclays PLC | 440,721 | 943,864 |
Barratt Developments PLC | 77,031 | 604,336 |
BP PLC | 1,027,401 | 7,487,077 |
British American Tobacco PLC | 39,381 | 1,535,037 |
BT Group PLC | 176,658 | 527,503 |
Bunzl PLC | 26,300 | 791,664 |
Burberry Group PLC | 37,295 | 980,658 |
Centrica PLC | 489,157 | 677,545 |
CNH Industrial NV | 51,778 | 561,011 |
Coca-Cola European Partners PLC | 15,535 | 829,590 |
Compass Group PLC | 52,817 | 1,200,141 |
Croda International PLC | 8,204 | 554,109 |
Diageo PLC | 67,325 | 2,837,986 |
easyJet PLC | 12,478 | 189,266 |
Experian PLC | 90,030 | 2,611,429 |
Fiat Chrysler Automobiles NV | 49,397 | 760,304 |
GlaxoSmithKline PLC | 124,972 | 2,563,379 |
Halma PLC | 10,960 | 257,113 |
Shares or Principal Amount | Value | |
United Kingdom (continued) | ||
Hargreaves Lansdown PLC | 21,172 | $622,952 |
HSBC Holdings PLC | 502,230 | 4,367,718 |
Imperial Brands PLC | 31,225 | 991,610 |
Informa PLC | 57,829 | 587,279 |
InterContinental Hotels Group PLC | 7,276 | 471,233 |
Intertek Group PLC | 12,349 | 861,284 |
ITV PLC | 306,103 | 545,303 |
J Sainsbury PLC | 93,407 | 270,938 |
Johnson Matthey PLC | 12,033 | 523,469 |
Just Eat PLC (B) | 8,792 | 80,117 |
Kingfisher PLC | 230,524 | 793,680 |
Land Securities Group PLC | 25,252 | 303,850 |
Legal & General Group PLC | 312,379 | 1,132,922 |
Lloyds Banking Group PLC | 1,618,900 | 1,320,527 |
London Stock Exchange Group PLC | 15,933 | 1,041,461 |
Melrose Industries PLC | 78,251 | 206,268 |
Micro Focus International PLC | 10,557 | 266,684 |
Mondi PLC | 41,009 | 898,419 |
National Grid PLC | 112,153 | 1,222,447 |
Next PLC | 12,645 | 950,505 |
Ocado Group PLC (B) | 12,678 | 225,190 |
Pearson PLC | 47,888 | 518,287 |
Persimmon PLC | 23,862 | 695,568 |
Prudential PLC | 33,950 | 767,892 |
Reckitt Benckiser Group PLC | 8,888 | 718,037 |
RELX PLC | 69,685 | 1,597,961 |
RELX PLC (Euronext Amsterdam Exchange) | 1,600 | 36,687 |
Rentokil Initial PLC | 124,901 | 635,026 |
Rio Tinto PLC | 34,509 | 2,008,699 |
Rio Tinto, Ltd. | 12,733 | 854,718 |
Rolls-Royce Holdings PLC (B) | 181,302 | 2,161,697 |
RSA Insurance Group PLC | 65,824 | 465,098 |
Schroders PLC | 5,873 | 242,476 |
Schroders PLC, Non-Voting Shares | 3,582 | 112,773 |
Segro PLC | 25,198 | 222,850 |
Smith & Nephew PLC | 67,171 | 1,296,437 |
Smiths Group PLC | 20,768 | 412,205 |
SSE PLC | 74,424 | 1,110,427 |
St. James's Place PLC | 38,489 | 562,726 |
Standard Chartered PLC | 73,962 | 674,944 |
Standard Life Aberdeen PLC | 164,945 | 599,720 |
Taylor Wimpey PLC | 249,915 | 591,004 |
Tesco PLC | 327,208 | 1,065,559 |
The British Land Company PLC | 32,643 | 252,777 |
The Royal Bank of Scotland Group PLC | 93,833 | 293,092 |
The Sage Group PLC | 87,448 | 826,968 |
Unilever NV (A) | 32,236 | 1,949,408 |
Unilever PLC | 34,673 | 2,105,258 |
United Utilities Group PLC | 19,523 | 210,939 |
Vodafone Group PLC | 811,607 | 1,502,433 |
Whitbread PLC | 9,558 | 555,729 |
38 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
United Kingdom (continued) | ||
Wm Morrison Supermarkets PLC | 169,190 | $476,199 |
WPP PLC | 59,784 | 745,393 |
United States - 0.0% | 172,527 | |
Carnival PLC | 3,278 | 172,430 |
International Flavors & Fragrances, Inc. | 1 | 97 |
PREFERRED SECURITIES - 0.7% | $3,568,655 | |
(Cost $3,372,307) | ||
Germany - 0.7% | 3,551,874 | |
Bayerische Motoren Werke AG | 5,884 | 433,899 |
Henkel AG & Company KGaA | 2,134 | 215,816 |
Porsche Automobil Holding SE | 10,465 | 725,268 |
RWE AG | 3,746 | 95,508 |
Sartorius AG | 1,918 | 350,799 |
Volkswagen AG | 9,960 | 1,730,584 |
United Kingdom - 0.0% | 16,781 | |
Rolls-Royce Holdings PLC (B) | 12,872,442 | 16,781 |
SECURITIES LENDING COLLATERAL - 6.0% | $30,501,151 | |
(Cost $30,500,680) | ||
John Hancock Collateral Trust, 2.5189% (D)(E) | 3,047,921 | 30,501,151 |
SHORT-TERM INVESTMENTS - 0.0% | $105,117 | |
(Cost $105,117) | ||
Money market funds - 0.0% | 105,117 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (D) | 105,117 | 105,117 |
Total investments (Multifactor Developed International ETF) (Cost $505,515,553) - 105.3% | $538,743,801 | |
Other assets and liabilities, net - (5.3%) | (26,976,625) | |
Total net assets - 100.0% | $511,767,176 |
Security Abbreviations and Legend | |
(A) | All or a portion of this security is on loan as of 4-30-19. |
(B) | Non-income producing security. |
(C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(D) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS - 97.3% | $795,515,535 | |
(Cost $752,802,422) | ||
Brazil - 5.0% | 40,885,378 | |
Ambev SA | 783,300 | 3,662,393 |
Atacadao SA | 21,000 | 112,700 |
B2W Cia Digital (A) | 4,200 | 40,668 |
Shares or Principal Amount | Value | |
Brazil (continued) | ||
B3 SA - Brasil Bolsa Balcao | 339,100 | $2,957,242 |
Banco Bradesco SA | 171,600 | 1,346,632 |
Banco BTG Pactual SA | 46,800 | 490,237 |
Banco do Brasil SA | 223,000 | 2,804,506 |
BB Seguridade Participacoes SA | 133,100 | 952,182 |
CCR SA | 254,800 | 754,022 |
Centrais Eletricas Brasileiras SA | 56,200 | 465,215 |
Cia de Saneamento Basico do Estado de Sao Paulo | 116,600 | 1,387,287 |
Cia Energetica de Minas Gerais | 7,700 | 34,443 |
Cia Siderurgica Nacional SA (A) | 65,100 | 239,616 |
Cielo SA | 244,800 | 475,929 |
Engie Brasil Energia SA | 57,525 | 647,872 |
Hapvida Participacoes e Investimentos SA (B) | 35,900 | 275,000 |
Hypera SA | 35,800 | 254,478 |
IRB Brasil Resseguros SA | 14,800 | 351,801 |
JBS SA | 319,500 | 1,598,996 |
Klabin SA | 92,900 | 390,386 |
Kroton Educacional SA | 267,000 | 659,001 |
Localiza Rent a Car SA | 35,000 | 320,735 |
Lojas Americanas SA | 49,600 | 160,717 |
Lojas Renner SA | 133,000 | 1,578,371 |
Magazine Luiza SA | 8,200 | 397,016 |
Natura Cosmeticos SA | 10,700 | 141,500 |
Pagseguro Digital, Ltd., Class A (A) | 10,846 | 282,648 |
Petrobras Distribuidora SA | 45,300 | 271,779 |
Petroleo Brasileiro SA | 517,000 | 3,921,049 |
Porto Seguro SA | 11,500 | 157,553 |
Raia Drogasil SA | 50,200 | 878,624 |
Rumo SA (A) | 158,800 | 727,611 |
Suzano SA | 87,565 | 902,849 |
TIM Participacoes SA | 298,000 | 881,862 |
Ultrapar Participacoes SA | 156,600 | 832,494 |
Vale SA | 704,100 | 8,929,805 |
WEG SA | 127,600 | 600,159 |
Chile - 1.0% | 8,312,008 | |
Aguas Andinas SA, Class A | 371,653 | 213,249 |
Banco de Chile | 3,136,605 | 458,575 |
Banco de Credito e Inversiones SA | 8,654 | 574,183 |
Banco Santander Chile | 8,429,784 | 590,363 |
Cencosud SA | 233,580 | 441,605 |
Cia Cervecerias Unidas SA | 31,452 | 433,131 |
Colbun SA | 2,189,508 | 487,717 |
Empresa Nacional de Telecomunicaciones SA | 14,663 | 153,016 |
Empresas CMPC SA | 238,331 | 799,416 |
Empresas COPEC SA | 56,742 | 709,609 |
Enel Americas SA | 7,193,538 | 1,257,874 |
Enel Chile SA | 5,631,008 | 565,437 |
Itau CorpBanca | 34,935,704 | 310,971 |
Latam Airlines Group SA | 77,663 | 767,512 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 39 |
Shares or Principal Amount | Value | |
Chile (continued) | ||
SACI Falabella | 74,678 | $549,350 |
China - 25.7% | 210,227,910 | |
58.com, Inc., ADR (A) | 12,711 | 912,523 |
Agricultural Bank of China, Ltd., H Shares | 4,524,000 | 2,087,450 |
Air China, Ltd., H Shares | 690,000 | 822,329 |
Alibaba Group Holding, Ltd., ADR (A) | 102,692 | 19,056,554 |
Aluminum Corp. of China, Ltd., H Shares (A) | 1,186,000 | 464,096 |
Anhui Conch Cement Company, Ltd., H Shares | 405,500 | 2,473,191 |
ANTA Sports Products, Ltd. | 227,000 | 1,600,059 |
Baidu, Inc., ADR (A) | 24,883 | 4,136,301 |
Bank of China, Ltd., H Shares | 11,888,000 | 5,667,158 |
Bank of Communications Company, Ltd., H Shares | 3,950,000 | 3,328,001 |
BeiGene, Ltd., ADR (A) | 1,458 | 181,127 |
BYD Company, Ltd., H Shares (C) | 166,000 | 1,129,885 |
CGN Power Company, Ltd., H Shares (B) | 1,924,000 | 507,645 |
China Cinda Asset Management Company, Ltd., H Shares | 1,795,000 | 478,185 |
China CITIC Bank Corp., Ltd., H Shares | 2,527,000 | 1,620,161 |
China Coal Energy Company, Ltd., H Shares | 637,000 | 280,932 |
China Communications Construction Company, Ltd., H Shares | 1,413,000 | 1,359,797 |
China Construction Bank Corp., H Shares | 14,578,000 | 12,877,041 |
China Eastern Airlines Corp., Ltd., H Shares | 550,000 | 390,484 |
China Everbright Bank Company, Ltd., H Shares | 611,000 | 301,396 |
China Evergrande Group (C) | 1,055,000 | 3,382,014 |
China Galaxy Securities Company, Ltd., H Shares | 683,500 | 446,931 |
China Huarong Asset Management Company, Ltd. , H Shares (B) | 3,623,000 | 775,823 |
China International Capital Corp., Ltd., H Shares (B)(C) | 59,600 | 127,930 |
China Life Insurance Company, Ltd., H Shares | 909,000 | 2,572,182 |
China Merchants Bank Company, Ltd., H Shares | 752,000 | 3,723,864 |
China Merchants Securities Company, Ltd., H Shares (B) | 92,800 | 126,802 |
China Minsheng Banking Corp., Ltd., H Shares | 1,632,500 | 1,225,613 |
China Molybdenum Company, Ltd., H Shares | 648,000 | 243,659 |
China Pacific Insurance Group Company, Ltd., H Shares | 522,800 | 2,142,404 |
China Petroleum & Chemical Corp., H Shares | 6,194,000 | 4,760,729 |
China Railway Construction Corp., H Shares | 622,000 | 734,153 |
China Railway Group, Ltd., H Shares | 811,000 | 638,843 |
China Reinsurance Group Corp., H Shares | 949,000 | 193,540 |
China Resources Pharmaceutical Group, Ltd. (B) | 204,000 | 290,188 |
China Shenhua Energy Company, Ltd., H Shares | 1,161,000 | 2,566,057 |
China Southern Airlines Company, Ltd., H Shares | 698,000 | 608,550 |
China Telecom Corp., Ltd., H Shares | 4,386,000 | 2,269,758 |
Shares or Principal Amount | Value | |
China (continued) | ||
China Vanke Company, Ltd., H Shares | 405,500 | $1,568,680 |
CITIC Securities Company, Ltd., H Shares (C) | 435,000 | 940,373 |
CNOOC, Ltd. | 4,399,000 | 7,950,878 |
Country Garden Holdings Company, Ltd. | 1,995,000 | 3,214,215 |
CRRC Corp., Ltd., H Shares | 705,000 | 615,552 |
CSC Financial Company, Ltd., H Shares (B) | 19,000 | 16,202 |
CSPC Pharmaceutical Group, Ltd. | 850,000 | 1,638,157 |
Ctrip.com International, Ltd., ADR (A) | 59,990 | 2,642,560 |
Dongfeng Motor Group Company, Ltd., H Shares | 540,000 | 523,797 |
ENN Energy Holdings, Ltd. | 76,100 | 718,766 |
Fosun International, Ltd. | 891,000 | 1,381,008 |
Fuyao Glass Industry Group Company, Ltd. , H Shares (B) | 153,200 | 537,979 |
Geely Automobile Holdings, Ltd. | 890,000 | 1,785,581 |
GF Securities Company, Ltd., H Shares | 277,200 | 374,528 |
Great Wall Motor Company, Ltd., H Shares (C) | 926,500 | 752,263 |
Guangzhou Automobile Group Company, Ltd., H Shares | 638,000 | 685,541 |
Guotai Junan Securities Company, Ltd., H Shares (B) | 105,400 | 225,164 |
Haitong Securities Company, Ltd., H Shares | 557,200 | 717,327 |
Hengan International Group Company, Ltd. | 214,500 | 1,890,621 |
Huaneng Power International, Inc., H Shares | 1,550,000 | 991,791 |
Huatai Securities Company, Ltd., H Shares (B) | 275,000 | 517,373 |
Huazhu Group, Ltd., ADR | 17,231 | 730,594 |
Industrial & Commercial Bank of China, Ltd., H Shares | 11,533,000 | 8,658,497 |
iQIYI, Inc., ADR (A) | 11,854 | 262,092 |
JD.com, Inc., ADR (A) | 109,239 | 3,306,665 |
Lenovo Group, Ltd. | 380,000 | 352,130 |
Longfor Group Holdings, Ltd. | 435,000 | 1,602,404 |
Metallurgical Corp. of China, Ltd., H Shares | 611,000 | 169,000 |
NetEase, Inc., ADR | 16,560 | 4,711,817 |
New China Life Insurance Company, Ltd., H Shares | 130,200 | 721,084 |
New Oriental Education & Technology Group, Inc., ADR (A) | 14,584 | 1,392,189 |
Orient Securities Company, Ltd., H Shares (B) | 134,800 | 97,422 |
PetroChina Company, Ltd., H Shares | 4,814,000 | 3,055,768 |
PICC Property & Casualty Company, Ltd., H Shares | 1,332,000 | 1,495,771 |
Ping An Insurance Group Company of China, Ltd., H Shares | 1,191,500 | 14,344,351 |
Postal Savings Bank of China Company, Ltd., H Shares (B) | 813,000 | 494,304 |
Shandong Gold Mining Company, Ltd., H Shares (A)(B) | 5,750 | 12,416 |
Shanghai Electric Group Company, Ltd., H Shares | 536,000 | 209,060 |
Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares | 74,500 | 255,917 |
Shenzhou International Group Holdings, Ltd. | 129,200 | 1,734,107 |
40 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
China (continued) | ||
Sinopec Shanghai Petrochemical Company, Ltd., H Shares | 980,000 | $443,445 |
Sinopharm Group Company, Ltd., H Shares | 322,000 | 1,264,129 |
Sunac China Holdings, Ltd. | 386,000 | 1,990,173 |
Sunny Optical Technology Group Company, Ltd. | 100,100 | 1,220,405 |
TAL Education Group, ADR (A) | 43,578 | 1,676,446 |
Tencent Holdings, Ltd. | 705,400 | 34,886,073 |
The People's Insurance Company Group of China, Ltd., H Shares (A) | 1,360,000 | 556,453 |
Want Want China Holdings, Ltd. | 1,926,000 | 1,526,974 |
Weibo Corp., ADR (A) | 7,910 | 541,835 |
Weichai Power Company, Ltd., H Shares | 668,000 | 1,091,564 |
Yum China Holdings, Inc. | 69,176 | 3,288,627 |
Zijin Mining Group Company, Ltd., H Shares | 1,924,000 | 750,432 |
ZTE Corp., H Shares (A) | 124,600 | 395,460 |
ZTO Express Cayman, Inc., ADR | 40,070 | 798,595 |
Hong Kong - 4.2% | 34,447,279 | |
Alibaba Health Information Technology, Ltd. (A) | 482,000 | 576,282 |
China Gas Holdings, Ltd. | 573,600 | 1,846,101 |
China Mengniu Dairy Company, Ltd. (A) | 454,000 | 1,678,181 |
China Mobile, Ltd. | 1,299,000 | 12,376,711 |
China Overseas Land & Investment, Ltd. | 1,000,000 | 3,741,046 |
China Resources Beer Holdings Company, Ltd. | 228,000 | 1,041,859 |
China Resources Gas Group, Ltd. | 182,000 | 842,099 |
China Resources Land, Ltd. | 842,000 | 3,665,116 |
China Resources Power Holdings Company, Ltd. | 706,000 | 988,080 |
China Taiping Insurance Holdings Company, Ltd. | 394,400 | 1,196,462 |
China Unicom Hong Kong, Ltd. | 1,974,000 | 2,342,512 |
CITIC, Ltd. | 1,309,000 | 1,905,420 |
Guangdong Investment, Ltd. | 576,000 | 1,079,257 |
Sino Biopharmaceutical, Ltd. | 550,000 | 528,590 |
Sun Art Retail Group, Ltd. | 732,500 | 639,563 |
India - 12.0% | 98,285,700 | |
Axis Bank, Ltd., GDR (A) | 203,946 | 11,094,662 |
Dr. Reddy's Laboratories, Ltd., ADR | 55,461 | 2,323,261 |
ICICI Bank, Ltd., ADR | 1,074,535 | 12,303,426 |
Infosys, Ltd., ADR | 2,000,256 | 21,522,755 |
Larsen & Toubro, Ltd., GDR | 245,561 | 4,724,594 |
Reliance Industries, Ltd., GDR (B) | 840,785 | 33,673,439 |
State Bank of India, GDR (A) | 127,204 | 5,686,019 |
Tata Motors, Ltd., ADR (A) | 251,871 | 3,878,813 |
Vedanta, Ltd., ADR | 322,043 | 3,078,731 |
Indonesia - 2.6% | 21,518,829 | |
Adaro Energy Tbk PT | 5,600,600 | 512,897 |
Astra International Tbk PT | 4,137,200 | 2,213,765 |
Bank Central Asia Tbk PT | 1,261,200 | 2,544,526 |
Shares or Principal Amount | Value | |
Indonesia (continued) | ||
Bank Danamon Indonesia Tbk PT | 799,100 | $496,283 |
Bank Mandiri Persero Tbk PT (A) | 3,828,300 | 2,075,342 |
Bank Negara Indonesia Persero Tbk PT (A) | 1,606,000 | 1,081,937 |
Bank Rakyat Indonesia Persero Tbk PT (A) | 11,530,200 | 3,535,928 |
Barito Pacific Tbk PT | 414,500 | 117,224 |
Bukit Asam Tbk PT | 351,500 | 97,680 |
Charoen Pokphand Indonesia Tbk PT | 1,541,900 | 570,774 |
Gudang Garam Tbk PT | 83,900 | 497,365 |
Indah Kiat Pulp & Paper Corp. Tbk PT | 649,100 | 337,076 |
Indocement Tunggal Prakarsa Tbk PT | 272,100 | 420,084 |
Indofood CBP Sukses Makmur Tbk PT | 465,300 | 317,547 |
Indofood Sukses Makmur Tbk PT | 1,318,300 | 642,960 |
Jasa Marga Persero Tbk PT | 560,600 | 239,976 |
Kalbe Farma Tbk PT | 4,053,400 | 439,474 |
Mayora Indah Tbk PT | 1,891,400 | 345,098 |
Pabrik Kertas Tjiwi Kimia Tbk PT | 67,300 | 47,582 |
Perusahaan Gas Negara Persero Tbk PT | 4,284,700 | 697,579 |
Semen Indonesia Persero Tbk PT | 793,500 | 751,737 |
Smartfren Telecom Tbk PT (A) | 2,817,500 | 61,688 |
Telekomunikasi Indonesia Persero Tbk PT | 9,472,200 | 2,519,273 |
United Tractors Tbk PT | 500,800 | 955,034 |
Malaysia - 2.3% | 18,615,924 | |
AirAsia Group BHD | 186,000 | 122,815 |
AMMB Holdings BHD | 307,600 | 332,561 |
Astro Malaysia Holdings BHD | 533,200 | 186,997 |
Axiata Group BHD | 751,900 | 721,984 |
CIMB Group Holdings BHD | 686,038 | 874,452 |
Dialog Group BHD | 406,000 | 316,198 |
DiGi.Com BHD | 432,300 | 480,972 |
Fraser & Neave Holdings BHD | 10,800 | 91,165 |
Genting BHD | 501,400 | 853,756 |
Genting Malaysia BHD | 524,000 | 403,028 |
HAP Seng Consolidated BHD | 97,900 | 233,947 |
Hartalega Holdings BHD | 171,300 | 208,402 |
Hong Leong Bank BHD | 103,700 | 501,131 |
Hong Leong Financial Group BHD | 80,100 | 372,360 |
IHH Healthcare BHD | 281,500 | 378,556 |
IOI Corp. BHD | 406,800 | 443,746 |
IOI Properties Group BHD | 277,600 | 91,985 |
KLCCP Stapled Group | 10,500 | 19,530 |
Kuala Lumpur Kepong BHD | 51,800 | 309,961 |
Lotte Chemical Titan Holding BHD (B) | 164,000 | 140,022 |
Malayan Banking BHD | 664,745 | 1,487,215 |
Malaysia Airports Holdings BHD | 190,700 | 351,927 |
Maxis BHD | 249,400 | 323,324 |
MISC BHD | 217,100 | 362,315 |
Nestle Malaysia BHD | 6,400 | 226,156 |
Petronas Chemicals Group BHD | 346,500 | 754,263 |
Petronas Dagangan BHD | 61,200 | 357,919 |
Petronas Gas BHD | 67,000 | 286,506 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 41 |
Shares or Principal Amount | Value | |
Malaysia (continued) | ||
PPB Group BHD | 163,500 | $741,870 |
Press Metal Aluminium Holdings BHD | 357,800 | 411,065 |
Public Bank BHD | 295,500 | 1,608,115 |
RHB Bank BHD | 234,100 | 337,462 |
Sime Darby BHD | 761,500 | 427,302 |
Sime Darby Plantation BHD | 273,800 | 341,712 |
SP Setia BHD Group | 124,971 | 68,614 |
Telekom Malaysia BHD | 368,000 | 259,011 |
Tenaga Nasional BHD | 794,600 | 2,360,065 |
Top Glove Corp. BHD | 183,200 | 215,790 |
Westports Holdings BHD | 223,000 | 204,958 |
YTL Corp. BHD | 1,488,300 | 406,767 |
Mexico - 2.8% | 23,171,025 | |
Alfa SAB de CV, Class A | 1,064,812 | 1,069,128 |
America Movil SAB de CV, Series L | 4,276,986 | 3,163,408 |
Arca Continental SAB de CV | 65,292 | 370,035 |
Banco Santander Mexico SA, B Shares | 339,878 | 568,700 |
Cemex SAB de CV (A) | 3,107,524 | 1,434,275 |
Coca-Cola Femsa SAB de CV | 64,776 | 410,594 |
El Puerto de Liverpool SAB de CV, Series C1 | 27,692 | 178,529 |
Fibra Uno Administracion SA de CV | 132,470 | 195,680 |
Fomento Economico Mexicano SAB de CV | 214,086 | 2,085,163 |
Grupo Aeroportuario del Pacifico SAB de CV, Series B | 70,666 | 713,610 |
Grupo Aeroportuario del Sureste SAB de CV, Class B | 27,358 | 447,728 |
Grupo Bimbo SAB de CV, Series A | 342,200 | 757,330 |
Grupo Carso SAB de CV, Series A1 | 66,256 | 256,346 |
Grupo Elektra SAB de CV | 6,456 | 342,774 |
Grupo Financiero Banorte SAB de CV, Series O | 362,974 | 2,291,997 |
Grupo Financiero Inbursa SAB de CV, Series O | 553,750 | 843,307 |
Grupo Mexico SAB de CV, Series B | 1,065,310 | 3,116,481 |
Grupo Televisa SAB | 465,818 | 945,697 |
Industrias Penoles SAB de CV | 33,631 | 385,407 |
Infraestructura Energetica Nova SAB de CV | 94,900 | 413,316 |
Mexichem SAB de CV | 253,326 | 586,343 |
Wal-Mart de Mexico SAB de CV | 886,316 | 2,595,177 |
Philippines - 1.5% | 12,460,970 | |
Aboitiz Equity Ventures, Inc. | 326,860 | 348,734 |
Aboitiz Power Corp. | 523,200 | 378,501 |
Ayala Corp. | 60,200 | 1,044,295 |
Ayala Land, Inc. | 896,800 | 842,377 |
Bank of the Philippine Islands | 368,560 | 600,092 |
BDO Unibank, Inc. | 354,070 | 910,441 |
DMCI Holdings, Inc. | 1,338,700 | 286,685 |
Globe Telecom, Inc. | 7,540 | 257,543 |
GT Capital Holdings, Inc. | 23,280 | 386,418 |
International Container Terminal Services, Inc. | 257,750 | 625,673 |
JG Summit Holdings, Inc. | 581,200 | 736,084 |
Jollibee Foods Corp. | 98,360 | 574,919 |
Shares or Principal Amount | Value | |
Philippines (continued) | ||
LT Group, Inc. | 593,400 | $182,646 |
Manila Electric Company | 56,300 | 415,937 |
Megaworld Corp. | 695,300 | 74,717 |
Metro Pacific Investments Corp. | 2,401,000 | 210,555 |
Metropolitan Bank & Trust Company | 475,840 | 677,978 |
PLDT, Inc. | 22,260 | 525,398 |
San Miguel Corp. | 158,850 | 550,202 |
San Miguel Food and Beverage, Inc. | 107,910 | 240,203 |
SM Investments Corp. | 56,340 | 1,027,066 |
SM Prime Holdings, Inc. | 1,318,000 | 1,048,330 |
Universal Robina Corp. | 176,620 | 516,176 |
Poland - 1.1% | 9,180,627 | |
Bank Millennium SA (A) | 35,974 | 90,637 |
Bank Polska Kasa Opieki SA | 18,421 | 547,130 |
CD Projekt SA (A) | 6,352 | 356,585 |
Cyfrowy Polsat SA | 56,531 | 391,336 |
Grupa Lotos SA | 23,558 | 511,764 |
ING Bank Slaski SA | 3,812 | 192,188 |
KGHM Polska Miedz SA (A) | 38,321 | 1,029,575 |
LPP SA | 244 | 545,926 |
mBank SA | 3,120 | 361,056 |
PGE Polska Grupa Energetyczna SA (A) | 144,281 | 358,809 |
Polski Koncern Naftowy ORLEN SA | 67,369 | 1,723,250 |
Polskie Gornictwo Naftowe i Gazownictwo SA | 389,116 | 589,554 |
Powszechna Kasa Oszczednosci Bank Polski SA | 111,607 | 1,144,029 |
Powszechny Zaklad Ubezpieczen SA | 91,036 | 998,801 |
Santander Bank Polska SA | 3,280 | 339,987 |
Romania - 0.0% | 300,864 | |
NEPI Rockcastle PLC | 36,176 | 300,864 |
Russia - 3.2% | 26,191,230 | |
Gazprom PJSC, ADR | 1,006,272 | 5,025,322 |
LUKOIL PJSC, ADR | 56,424 | 4,783,627 |
MMC Norilsk Nickel PJSC, ADR | 137,901 | 3,061,402 |
Novatek PJSC, GDR | 16,914 | 3,259,328 |
Sberbank of Russia PJSC, ADR | 507,993 | 7,261,760 |
Tatneft PJSC, ADR | 39,849 | 2,799,791 |
South Africa - 6.5% | 52,648,878 | |
Absa Group, Ltd. | 191,317 | 2,192,047 |
Anglo American Platinum, Ltd. | 11,347 | 571,432 |
AngloGold Ashanti, Ltd. | 147,052 | 1,767,445 |
Aspen Pharmacare Holdings, Ltd. | 59,290 | 425,560 |
Assore, Ltd. | 2,276 | 58,963 |
Bid Corp., Ltd. | 70,561 | 1,486,746 |
Capitec Bank Holdings, Ltd. | 13,439 | 1,253,032 |
Clicks Group, Ltd. | 33,634 | 459,034 |
Discovery, Ltd. | 162,317 | 1,631,067 |
Exxaro Resources, Ltd. | 38,694 | 440,833 |
FirstRand, Ltd. | 920,072 | 4,358,329 |
42 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
South Africa (continued) | ||
Gold Fields, Ltd. | 96,068 | $361,522 |
Growthpoint Properties, Ltd. | 424,694 | 737,040 |
Investec, Ltd. | 65,678 | 418,498 |
Kumba Iron Ore, Ltd. | 16,371 | 489,488 |
Mr. Price Group, Ltd. | 59,956 | 905,974 |
MTN Group, Ltd. | 515,237 | 3,715,061 |
MultiChoice Group, Ltd. (A) | 41,720 | 373,803 |
Naspers, Ltd., N Shares | 37,321 | 9,515,179 |
Nedbank Group, Ltd. | 106,215 | 1,971,196 |
Oceana Group, Ltd. | 12,201 | 59,574 |
Old Mutual, Ltd. (C) | 522,073 | 833,872 |
PSG Group, Ltd. | 13,746 | 254,166 |
Redefine Properties, Ltd. | 844,198 | 580,023 |
Sanlam, Ltd. | 584,758 | 3,120,341 |
Sasol, Ltd. | 102,190 | 3,382,205 |
Shoprite Holdings, Ltd. | 110,274 | 1,325,634 |
Standard Bank Group, Ltd. | 359,656 | 4,992,348 |
The Bidvest Group, Ltd. | 177,463 | 2,687,399 |
Tiger Brands, Ltd. | 47,160 | 817,292 |
Vodacom Group, Ltd. | 84,454 | 679,343 |
Woolworths Holdings, Ltd. | 235,712 | 784,432 |
South Korea - 13.7% | 111,780,721 | |
Amorepacific Corp. | 3,732 | 664,517 |
AMOREPACIFIC Group | 5,376 | 346,082 |
BGF retail Company, Ltd. | 333 | 62,287 |
Celltrion Healthcare Company, Ltd. (A) | 4,393 | 284,305 |
Celltrion, Inc. (A) | 10,642 | 1,931,348 |
CJ CheilJedang Corp. | 2,745 | 740,209 |
CJ Corp. | 4,563 | 466,788 |
CJ ENM Company, Ltd. | 1,081 | 202,569 |
CJ Logistics Corp. (A) | 948 | 127,817 |
Daelim Industrial Company, Ltd. | 7,818 | 647,847 |
DB Insurance Company, Ltd. | 16,919 | 990,677 |
Doosan Bobcat, Inc. | 4,680 | 128,002 |
E-MART, Inc. | 4,996 | 735,618 |
GS Engineering & Construction Corp. | 6,064 | 210,759 |
GS Holdings Corp. | 18,562 | 826,284 |
GS Retail Company, Ltd. | 2,426 | 81,306 |
Hana Financial Group, Inc. | 61,105 | 1,924,979 |
Hankook Tire Company, Ltd. | 23,678 | 805,719 |
Hanmi Pharm Company, Ltd. | 732 | 272,272 |
Hanmi Science Company, Ltd. | 3,140 | 202,138 |
Hanon Systems | 31,524 | 338,678 |
Hanwha Chemical Corp. | 22,394 | 394,912 |
Hanwha Corp. | 16,204 | 410,597 |
Hanwha Life Insurance Company, Ltd. | 59,558 | 203,430 |
HLB, Inc. (A) | 1,580 | 113,480 |
Hotel Shilla Company, Ltd. | 3,692 | 363,464 |
Hyundai Engineering & Construction Company, Ltd. | 15,168 | 681,693 |
Shares or Principal Amount | Value | |
South Korea (continued) | ||
Hyundai Glovis Company, Ltd. | 3,733 | $509,706 |
Hyundai Heavy Industries Company, Ltd. (A) | 7,388 | 787,404 |
Hyundai Heavy Industries Holdings Company, Ltd. | 1,896 | 555,093 |
Hyundai Marine & Fire Insurance Company, Ltd. | 22,414 | 733,926 |
Hyundai Mobis Company, Ltd. | 9,540 | 1,898,772 |
Hyundai Motor Company | 25,399 | 3,011,395 |
Hyundai Steel Company | 17,634 | 698,929 |
Industrial Bank of Korea | 66,906 | 810,444 |
Kakao Corp. | 4,005 | 411,420 |
Kangwon Land, Inc. | 18,980 | 552,429 |
KB Financial Group, Inc. | 70,678 | 2,795,295 |
KCC Corp. | 1,320 | 401,147 |
Kia Motors Corp. | 54,250 | 2,101,453 |
Korea Aerospace Industries, Ltd. | 8,868 | 265,702 |
Korea Electric Power Corp. (A) | 51,464 | 1,246,784 |
Korea Gas Corp. | 8,466 | 334,466 |
Korea Investment Holdings Company, Ltd. | 7,900 | 462,578 |
Korea Zinc Company, Ltd. | 1,702 | 659,295 |
KT&G Corp. | 14,912 | 1,302,079 |
LG Chem, Ltd. | 5,652 | 1,746,670 |
LG Corp. | 28,390 | 1,774,147 |
LG Display Company, Ltd. (A) | 86,418 | 1,475,871 |
LG Electronics, Inc. | 38,912 | 2,524,958 |
LG Household & Health Care, Ltd. | 1,930 | 2,349,407 |
LG Innotek Company, Ltd. | 2,053 | 215,291 |
LG Uplus Corp. | 80,542 | 985,961 |
Lotte Chemical Corp. | 5,747 | 1,320,952 |
Lotte Corp. | 9,102 | 382,188 |
Lotte Shopping Company, Ltd. | 3,758 | 572,635 |
Medy-Tox, Inc. | 812 | 388,639 |
Mirae Asset Daewoo Company, Ltd. | 71,102 | 474,764 |
NAVER Corp. | 16,779 | 1,716,467 |
NCSoft Corp. | 3,110 | 1,400,385 |
Netmarble Corp. (A)(B) | 5,332 | 581,971 |
NH Investment & Securities Company, Ltd. | 30,105 | 354,358 |
OCI Company, Ltd. | 1,008 | 80,336 |
Orange Life Insurance, Ltd. (B) | 4,800 | 146,283 |
Orion Corp. | 3,409 | 282,782 |
POSCO | 13,973 | 3,050,220 |
POSCO Chemical Company, Ltd. | 1,433 | 70,291 |
S-1 Corp. | 3,213 | 269,549 |
Samsung Biologics Company, Ltd. (A)(B) | 1,088 | 316,672 |
Samsung C&T Corp. | 8,532 | 748,645 |
Samsung Card Company, Ltd. | 7,900 | 250,901 |
Samsung Electro-Mechanics Company, Ltd. | 10,080 | 936,250 |
Samsung Electronics Company, Ltd. | 763,016 | 29,948,451 |
Samsung Fire & Marine Insurance Company, Ltd. | 8,335 | 2,169,105 |
Samsung Heavy Industries Company, Ltd. (A) | 99,836 | 702,523 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 43 |
Shares or Principal Amount | Value | |
South Korea (continued) | ||
Samsung Life Insurance Company, Ltd. | 17,674 | $1,284,529 |
Samsung SDI Company, Ltd. | 6,293 | 1,274,061 |
Samsung SDS Company, Ltd. | 2,605 | 483,915 |
Samsung Securities Company, Ltd. | 13,210 | 403,147 |
Shinhan Financial Group Company, Ltd. | 85,105 | 3,212,884 |
Shinsegae, Inc. | 434 | 126,319 |
SK Holdings Company, Ltd. | 6,095 | 1,338,328 |
SK Hynix, Inc. | 90,840 | 6,143,355 |
SK Innovation Company, Ltd. | 11,436 | 1,786,646 |
SK Telecom Company, Ltd. | 7,838 | 1,660,664 |
S-Oil Corp. | 7,900 | 623,533 |
Woongjin Coway Company, Ltd. | 15,984 | 1,201,383 |
Woori Financial Group, Inc. | 95,567 | 1,133,076 |
Yuhan Corp. | 838 | 176,115 |
Taiwan - 11.9% | 96,867,124 | |
Advantech Company, Ltd. | 82,000 | 663,409 |
ASE Technology Holding Company, Ltd. | 754,000 | 1,749,516 |
Asia Cement Corp. | 660,000 | 891,719 |
Asustek Computer, Inc. | 140,000 | 1,069,221 |
AU Optronics Corp. | 3,215,000 | 1,149,663 |
Catcher Technology Company, Ltd. | 152,000 | 1,202,680 |
Cathay Financial Holdings Company, Ltd. | 1,304,000 | 1,886,308 |
Chailease Holding Company, Ltd. | 241,000 | 1,025,582 |
Chang Hwa Commercial Bank, Ltd. | 1,824,000 | 1,092,004 |
Cheng Shin Rubber Industry Company, Ltd. | 405,000 | 540,638 |
China Development Financial Holding Corp. | 4,215,000 | 1,357,213 |
China Life Insurance Company, Ltd. | 879,000 | 731,054 |
China Steel Corp. | 2,542,000 | 2,052,455 |
Chunghwa Telecom Company, Ltd. | 422,000 | 1,515,873 |
Compal Electronics, Inc. | 1,246,000 | 804,430 |
CTBC Financial Holding Company, Ltd. | 3,732,000 | 2,554,345 |
Delta Electronics, Inc. | 277,000 | 1,456,668 |
E.Sun Financial Holding Company, Ltd. | 2,255,000 | 1,849,916 |
Eclat Textile Company, Ltd. | 42,000 | 598,039 |
Far Eastern New Century Corp. | 1,192,000 | 1,299,971 |
Far EasTone Telecommunications Company, Ltd. | 345,000 | 846,283 |
Feng TAY Enterprise Company, Ltd. | 77,000 | 624,203 |
First Financial Holding Company, Ltd. | 2,193,000 | 1,564,857 |
Formosa Chemicals & Fibre Corp. | 597,000 | 2,144,494 |
Formosa Petrochemical Corp. | 246,000 | 911,524 |
Formosa Plastics Corp. | 591,000 | 2,142,067 |
Foxconn Technology Company, Ltd. | 263,000 | 588,965 |
Fubon Financial Holding Company, Ltd. | 1,448,000 | 2,136,785 |
Globalwafers Company Ltd. | 31,000 | 338,080 |
Hiwin Technologies Corp. | 12,000 | 113,977 |
Hon Hai Precision Industry Company, Ltd. | 1,839,800 | 5,173,898 |
Hotai Motor Company, Ltd. | 80,000 | 1,209,022 |
Hua Nan Financial Holdings Company, Ltd. | 2,215,000 | 1,447,947 |
Innolux Corp. | 2,812,000 | 900,903 |
Shares or Principal Amount | Value | |
Taiwan (continued) | ||
Inventec Corp. | 616,000 | $494,379 |
Largan Precision Company, Ltd. | 18,000 | 2,708,650 |
Lite-On Technology Corp. | 648,000 | 913,252 |
MediaTek, Inc. | 213,000 | 2,036,876 |
Mega Financial Holding Company, Ltd. | 2,128,000 | 2,041,850 |
Nan Ya Plastics Corp. | 1,029,000 | 2,600,722 |
Nanya Technology Corp. | 113,000 | 239,157 |
Novatek Microelectronics Corp. | 100,000 | 652,082 |
Pegatron Corp. | 670,000 | 1,264,069 |
Pou Chen Corp. | 784,000 | 952,694 |
President Chain Store Corp. | 112,000 | 1,043,850 |
Quanta Computer, Inc. | 404,000 | 773,981 |
Shin Kong Financial Holding Company, Ltd. | 2,839,000 | 802,979 |
SinoPac Financial Holdings Company, Ltd. | 3,112,000 | 1,198,434 |
Taishin Financial Holdings Company, Ltd. | 2,960,000 | 1,341,057 |
Taiwan Cement Corp. | 948,000 | 1,288,502 |
Taiwan Cooperative Financial Holding Company, Ltd. | 1,956,000 | 1,297,628 |
Taiwan High Speed Rail Corp. | 394,000 | 479,415 |
Taiwan Mobile Company, Ltd. | 316,000 | 1,155,561 |
Taiwan Semiconductor Manufacturing Company, Ltd. | 2,498,000 | 20,937,251 |
Uni-President Enterprises Corp. | 986,000 | 2,342,073 |
United Microelectronics Corp. | 4,572,000 | 1,990,013 |
Vanguard International Semiconductor Corp. | 186,000 | 412,317 |
Walsin Technology Corp. | 31,000 | 189,606 |
Win Semiconductors Corp. | 18,000 | 120,579 |
Yageo Corp. | 38,000 | 374,454 |
Yuanta Financial Holdings Company, Ltd. | 2,731,000 | 1,581,984 |
Thailand - 3.1% | 25,435,125 | |
Advanced Info Service PCL | 1,400 | 8,338 |
Advanced Info Service PCL, NVDR | 215,500 | 1,282,537 |
Airports of Thailand PCL | 3,000 | 6,440 |
Airports of Thailand PCL, NVDR | 511,500 | 1,097,502 |
Bangkok Bank PCL | 600 | 3,815 |
Bangkok Bank PCL, NVDR | 92,600 | 588,811 |
Bangkok Dusit Medical Services PCL | 2,600 | 2,077 |
Bangkok Dusit Medical Services PCL, NVDR | 436,000 | 348,254 |
Bangkok Expressway & Metro PCL | 8,800 | 3,005 |
Bangkok Expressway & Metro PCL, NVDR | 1,446,300 | 493,803 |
Banpu PCL | 2,200 | 1,131 |
Banpu PCL, NVDR | 375,600 | 192,947 |
Berli Jucker PCL | 1,000 | 1,614 |
Berli Jucker PCL, NVDR | 189,800 | 306,177 |
BTS Group Holdings PCL | 6,000 | 2,219 |
BTS Group Holdings PCL, NVDR | 1,008,300 | 372,684 |
Bumrungrad Hospital PCL | 400 | 2,218 |
Bumrungrad Hospital PCL, NVDR | 70,000 | 388,097 |
Central Pattana PCL | 1,200 | 2,840 |
Central Pattana PCL, NVDR | 203,000 | 480,078 |
Charoen Pokphand Foods PCL | 5,800 | 4,953 |
44 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Thailand (continued) | ||
Charoen Pokphand Foods PCL, NVDR | 952,300 | $812,848 |
CP ALL PCL | 5,600 | 13,603 |
CP ALL PCL, NVDR | 895,100 | 2,172,913 |
Delta Electronics Thailand PCL | 400 | 936 |
Delta Electronics Thailand PCL, NVDR | 55,700 | 130,417 |
Electricity Generating PCL, NVDR | 49,400 | 458,023 |
Energy Absolute PCL | 2,000 | 3,494 |
Energy Absolute PCL, NVDR | 333,300 | 582,035 |
Global Power Synergy PCL | 200 | 390 |
Global Power Synergy PCL, NVDR | 28,100 | 54,792 |
Glow Energy PCL | 800 | 2,294 |
Glow Energy PCL, NVDR | 135,100 | 387,209 |
Gulf Energy Development PCL | 200 | 655 |
Gulf Energy Development PCL, NVDR | 45,300 | 148,280 |
Home Product Center PCL | 5,400 | 2,657 |
Home Product Center PCL, NVDR | 845,000 | 415,552 |
Indorama Ventures PCL | 2,600 | 3,729 |
Indorama Ventures PCL, NVDR | 445,300 | 638,135 |
Intouch Holdings PCL | 1,000 | 1,864 |
Intouch Holdings PCL, NVDR | 164,900 | 307,331 |
IRPC PCL | 18,400 | 3,256 |
IRPC PCL, NVDR | 2,999,600 | 530,861 |
Kasikornbank PCL | 1,400 | 8,376 |
Kasikornbank PCL, NVDR | 234,800 | 1,404,755 |
Krung Thai Bank PCL | 4,400 | 2,606 |
Krung Thai Bank PCL, NVDR | 721,500 | 427,137 |
Land & Houses PCL, NVDR | 3,600 | 1,264 |
Land & Houses PCL, NVDR | 613,800 | 215,335 |
Minor International PCL, Foreign Shares | 2,000 | 2,352 |
Minor International PCL, Foreign Shares | 100 | 14 |
Minor International PCL, NVDR | 329,500 | 387,040 |
Minor International PCL, NVDR | 16,275 | 2,258 |
PTT Exploration & Production PCL | 2,600 | 10,863 |
PTT Exploration & Production PCL, NVDR | 428,600 | 1,792,266 |
PTT Global Chemical PCL | 2,200 | 4,743 |
PTT Global Chemical PCL, NVDR | 347,600 | 748,551 |
PTT PCL, NVDR | 2,391,000 | 3,651,096 |
Ratch Group PCL | 400 | 780 |
Ratch Group PCL, NVDR | 78,600 | 153,261 |
Thai Beverage PCL | 916,600 | 565,636 |
Thai Oil PCL, NVDR | 263,800 | 572,221 |
Thai Union Group PCL | 2,400 | 1,421 |
Thai Union Group PCL, NVDR | 409,200 | 242,252 |
The Siam Cement PCL, NVDR | 57,900 | 837,895 |
The Siam Commercial Bank PCL | 1,600 | 6,569 |
The Siam Commercial Bank PCL, NVDR | 256,600 | 1,052,924 |
TMB Bank PCL | 32,000 | 2,024 |
TMB Bank PCL, NVDR | 5,280,600 | 334,121 |
Total Access Communication PCL | 1,200 | 1,908 |
Total Access Communication PCL, NVDR | 180,900 | 287,570 |
True Corp. PCL | 16,200 | 2,615 |
Shares or Principal Amount | Value | |
Thailand (continued) | ||
True Corp. PCL, NVDR | 2,817,200 | $454,458 |
Turkey - 0.6% | 4,661,510 | |
Akbank TAS (A) | 539,271 | 552,867 |
Aselsan Elektronik Sanayi Ve Ticaret AS | 18,654 | 63,873 |
BIM Birlesik Magazalar AS | 46,934 | 652,964 |
Enka Insaat ve Sanayi AS | 197,158 | 177,358 |
Eregli Demir ve Celik Fabrikalari TAS | 291,576 | 447,414 |
Ford Otomotiv Sanayi AS | 14,650 | 129,333 |
KOC Holding AS | 131,998 | 358,216 |
Tupras Turkiye Petrol Rafinerileri AS | 16,860 | 348,243 |
Turk Hava Yollari AO (A) | 213,342 | 511,420 |
Turkcell Iletisim Hizmetleri AS | 170,184 | 356,362 |
Turkiye Garanti Bankasi AS (A) | 418,618 | 572,931 |
Turkiye Is Bankasi AS, Class C (A) | 301,397 | 270,624 |
Turkiye Sise ve Cam Fabrikalari AS | 104,808 | 107,099 |
Yapi ve Kredi Bankasi AS (A) | 325,312 | 112,806 |
United Kingdom - 0.1% | 524,433 | |
Mondi, Ltd. | 23,846 | 524,433 |
PREFERRED SECURITIES - 2.3% | $18,708,132 | |
(Cost $20,044,622) | ||
Brazil - 2.2% | 18,128,420 | |
Banco Bradesco SA | 523,160 | 4,712,055 |
Braskem SA, A Shares | 34,700 | 419,706 |
Centrais Eletricas Brasileiras SA, B Shares | 37,800 | 331,562 |
Cia Brasileira de Distribuicao | 31,100 | 759,727 |
Cia Energetica de Minas Gerais | 62,400 | 232,837 |
Gerdau SA | 180,400 | 646,194 |
Itau Unibanco Holding SA | 463,650 | 3,970,655 |
Lojas Americanas SA | 115,800 | 460,820 |
Petroleo Brasileiro SA | 805,500 | 5,527,961 |
Telefonica Brasil SA | 90,500 | 1,066,903 |
Chile - 0.1% | 571,676 | |
Embotelladora Andina SA, B Shares | 31,020 | 110,355 |
Sociedad Quimica y Minera de Chile SA, B Shares | 12,984 | 461,321 |
South Korea - 0.0% | 8,036 | |
CJ Corp. (A)(D) | 256 | 8,036 |
SECURITIES LENDING COLLATERAL - 0.5% | $4,188,357 | |
(Cost $4,188,295) | ||
John Hancock Collateral Trust, 2.5189% (E)(F) | 418,534 | 4,188,357 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 45 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS - 0.2% | $1,728,435 | |
(Cost $1,728,435) | ||
Money market funds - 0.2% | 1,728,435 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (E) | 1,728,435 | 1,728,435 |
Total investments (Multifactor Emerging Markets ETF) (Cost $778,763,774) - 100.3% | $820,140,459 | |
Other assets and liabilities, net - (0.3%) | (2,558,238) | |
Total net assets - 100.0% | $817,582,221 |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
NVDR | Non-Voting 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) | All or a portion of this security is on loan as of 4-30-19. |
(D) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(E) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(F) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.8% | $26,183,942 | |
(Cost $28,605,123) | ||
Energy – 98.0% | 25,714,129 | |
Energy equipment and services – 10.9% | ||
Baker Hughes, a GE Company LLC | 22,089 | 530,578 |
Halliburton Company | 19,236 | 544,956 |
Helmerich & Payne, Inc. | 4,538 | 265,564 |
National Oilwell Varco, Inc. | 16,178 | 422,893 |
Schlumberger, Ltd. | 11,007 | 469,779 |
TechnipFMC PLC | 18,223 | 448,104 |
Transocean, Ltd. (A) | 21,190 | 166,548 |
Oil, gas and consumable fuels – 87.1% | ||
Anadarko Petroleum Corp. | 11,236 | 818,543 |
Apache Corp. | 24,672 | 811,956 |
Cabot Oil & Gas Corp. | 13,513 | 349,852 |
Cheniere Energy, Inc. (A) | 7,171 | 461,454 |
Chesapeake Energy Corp. (A) | 37,003 | 107,679 |
Chevron Corp. | 12,713 | 1,526,323 |
Cimarex Energy Company | 4,860 | 333,688 |
Concho Resources, Inc. | 8,225 | 949,001 |
ConocoPhillips | 15,449 | 975,141 |
Continental Resources, Inc. (A) | 4,113 | 189,157 |
CVR Energy, Inc. | 1,529 | 69,738 |
Shares or Principal Amount | Value | |
Energy (continued) | ||
Oil, gas and consumable fuels (continued) | ||
Devon Energy Corp. | 24,916 | $800,800 |
Diamondback Energy, Inc. | 6,469 | 688,237 |
EnLink Midstream LLC | 13,706 | 160,223 |
EOG Resources, Inc. | 12,533 | 1,203,795 |
EQT Corp. | 13,308 | 272,149 |
Equitrans Midstream Corp. | 6,212 | 129,396 |
Exxon Mobil Corp. | 19,223 | 1,543,222 |
Hess Corp. | 10,379 | 665,501 |
HollyFrontier Corp. | 11,281 | 538,442 |
Kinder Morgan, Inc. | 50,208 | 997,633 |
Marathon Oil Corp. | 52,480 | 894,259 |
Marathon Petroleum Corp. | 14,485 | 881,702 |
Murphy Oil Corp. | 11,302 | 307,866 |
Noble Energy, Inc. | 27,798 | 752,214 |
Occidental Petroleum Corp. | 17,984 | 1,058,898 |
ONEOK, Inc. | 13,805 | 937,774 |
Parsley Energy, Inc., Class A (A) | 9,390 | 187,424 |
PBF Energy, Inc., Class A | 6,693 | 224,751 |
Phillips 66 | 5,999 | 565,526 |
Pioneer Natural Resources Company | 6,393 | 1,064,179 |
Tallgrass Energy LP | 3,886 | 93,808 |
Targa Resources Corp. | 10,522 | 422,458 |
The Williams Companies, Inc. | 17,038 | 482,687 |
Valero Energy Corp. | 10,836 | 982,392 |
WPX Energy, Inc. (A) | 30,082 | 417,839 |
Utilities – 1.8% | 469,813 | |
Gas utilities – 0.9% | ||
National Fuel Gas Company | 3,989 | 236,189 |
Multi-utilities – 0.9% | ||
MDU Resources Group, Inc. | 8,934 | 233,624 |
SHORT-TERM INVESTMENTS – 0.2% | $60,527 | |
(Cost $60,527) | ||
Money market funds – 0.2% | 60,527 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (B) | 60,527 | 60,527 |
Total investments (Multifactor Energy ETF) (Cost $28,665,650) 100.0% | $26,244,469 | |
Other assets and liabilities, net (0.0%) | (2,160) | |
Total net assets 100.0% | $26,242,309 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 4-30-19. |
46 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $47,584,007 | |
(Cost $44,776,182) | ||
Financials – 85.6% | 40,773,284 | |
Banks – 31.3% | ||
Associated Banc-Corp | 2,930 | 66,482 |
Bank of America Corp. | 61,213 | 1,871,894 |
Bank OZK | 2,035 | 66,443 |
BankUnited, Inc. | 2,305 | 84,317 |
BB&T Corp. | 7,498 | 383,898 |
BOK Financial Corp. | 474 | 41,304 |
CIT Group, Inc. | 3,503 | 186,605 |
Citigroup, Inc. | 18,178 | 1,285,185 |
Citizens Financial Group, Inc. | 11,468 | 415,142 |
Comerica, Inc. | 3,446 | 270,821 |
Commerce Bancshares, Inc. | 2,664 | 160,986 |
Cullen/Frost Bankers, Inc. | 1,263 | 128,434 |
East West Bancorp, Inc. | 3,180 | 163,706 |
Fifth Third Bancorp | 17,504 | 504,465 |
First Citizens BancShares, Inc., Class A | 176 | 78,892 |
First Financial Bankshares, Inc. | 543 | 33,405 |
First Hawaiian, Inc. | 894 | 24,719 |
First Horizon National Corp. | 5,535 | 83,523 |
First Republic Bank | 2,865 | 302,601 |
FNB Corp. | 6,514 | 79,015 |
Hancock Whitney Corp. | 1,717 | 75,102 |
Huntington Bancshares, Inc. | 23,300 | 324,336 |
IBERIABANK Corp. | 1,143 | 90,869 |
JPMorgan Chase & Co. | 16,939 | 1,965,771 |
KeyCorp | 22,549 | 395,735 |
M&T Bank Corp. | 2,652 | 451,026 |
PacWest Bancorp | 2,556 | 101,090 |
People's United Financial, Inc. | 7,186 | 124,246 |
Pinnacle Financial Partners, Inc. | 977 | 56,734 |
Popular, Inc. | 2,174 | 125,462 |
Prosperity Bancshares, Inc. | 1,638 | 120,622 |
Regions Financial Corp. | 27,238 | 423,006 |
Signature Bank | 1,136 | 150,032 |
Sterling Bancorp | 2,172 | 46,524 |
SunTrust Banks, Inc. | 8,387 | 549,181 |
SVB Financial Group (A) | 1,140 | 286,961 |
Synovus Financial Corp. | 2,551 | 94,030 |
TCF Financial Corp. | 1,733 | 38,351 |
The PNC Financial Services Group, Inc. | 3,299 | 451,732 |
U.S. Bancorp | 10,576 | 563,912 |
Umpqua Holdings Corp. | 4,536 | 78,745 |
United Bankshares, Inc. | 1,317 | 51,679 |
Webster Financial Corp. | 2,011 | 106,844 |
Wells Fargo & Company | 32,814 | 1,588,526 |
Western Alliance Bancorp (A) | 2,447 | 116,918 |
Wintrust Financial Corp. | 1,042 | 79,400 |
Zions Bancorp NA | 4,523 | 223,120 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets – 19.5% | ||
Affiliated Managers Group, Inc. | 1,173 | $130,109 |
Ameriprise Financial, Inc. | 3,357 | 492,707 |
Ares Management Corp., Class A | 1,269 | 31,027 |
BlackRock, Inc. | 765 | 371,209 |
Cboe Global Markets, Inc. | 1,696 | 172,331 |
CME Group, Inc. | 1,716 | 306,992 |
E*TRADE Financial Corp. | 5,808 | 294,233 |
Eaton Vance Corp. | 2,901 | 120,595 |
Evercore, Inc., Class A | 765 | 74,534 |
FactSet Research Systems, Inc. | 903 | 249,111 |
Franklin Resources, Inc. | 7,133 | 246,730 |
Interactive Brokers Group, Inc., Class A | 1,306 | 70,837 |
Intercontinental Exchange, Inc. | 4,819 | 392,026 |
Invesco, Ltd. | 9,852 | 216,448 |
Janus Henderson Group PLC | 3,194 | 80,074 |
Lazard, Ltd., Class A | 2,456 | 95,489 |
LPL Financial Holdings, Inc. | 1,659 | 122,915 |
MarketAxess Holdings, Inc. | 811 | 225,726 |
Moody's Corp. | 1,711 | 336,417 |
Morgan Stanley | 11,946 | 576,395 |
Morningstar, Inc. | 498 | 71,438 |
MSCI, Inc. | 1,462 | 329,506 |
Nasdaq, Inc. | 2,413 | 222,479 |
Northern Trust Corp. | 4,583 | 451,655 |
Raymond James Financial, Inc. | 2,881 | 263,813 |
S&P Global, Inc. | 2,541 | 560,697 |
SEI Investments Company | 3,311 | 180,284 |
State Street Corp. | 3,453 | 233,630 |
Stifel Financial Corp. | 1,427 | 85,149 |
T. Rowe Price Group, Inc. | 5,020 | 539,650 |
TD Ameritrade Holding Corp. | 3,420 | 179,824 |
The Bank of New York Mellon Corp. | 10,295 | 511,250 |
The Charles Schwab Corp. | 8,577 | 392,655 |
The Goldman Sachs Group, Inc. | 3,094 | 637,116 |
Virtu Financial, Inc., Class A | 445 | 10,938 |
Consumer finance – 6.8% | ||
Ally Financial, Inc. | 13,620 | 404,650 |
American Express Company | 5,491 | 643,710 |
Capital One Financial Corp. | 7,111 | 660,114 |
Credit Acceptance Corp. (A) | 212 | 105,199 |
Discover Financial Services | 7,133 | 581,268 |
OneMain Holdings, Inc. | 2,365 | 80,339 |
Santander Consumer USA Holdings, Inc. | 4,606 | 98,338 |
SLM Corp. | 8,590 | 87,274 |
Synchrony Financial | 16,144 | 559,712 |
Diversified financial services – 4.9% | ||
AXA Equitable Holdings, Inc. | 3,299 | 74,854 |
Berkshire Hathaway, Inc., Class B (A) | 8,944 | 1,938,254 |
Jefferies Financial Group, Inc. | 6,309 | 129,776 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 47 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Diversified financial services (continued) | ||
Voya Financial, Inc. | 3,591 | $197,110 |
Insurance – 22.1% | ||
Aflac, Inc. | 8,499 | 428,180 |
Alleghany Corp. (A) | 324 | 212,829 |
American Financial Group, Inc. | 1,724 | 178,486 |
American International Group, Inc. | 6,795 | 323,238 |
American National Insurance Company | 86 | 9,743 |
Aon PLC | 2,487 | 448,008 |
Arch Capital Group, Ltd. (A) | 6,655 | 224,806 |
Arthur J. Gallagher & Company | 3,685 | 308,140 |
Assurant, Inc. | 1,311 | 124,545 |
Assured Guaranty, Ltd. | 2,928 | 139,666 |
Athene Holding, Ltd., Class A (A) | 2,908 | 131,325 |
Axis Capital Holdings, Ltd. | 2,176 | 123,706 |
Brighthouse Financial, Inc. (A) | 1,590 | 66,446 |
Brown & Brown, Inc. | 5,640 | 179,070 |
Chubb, Ltd. | 2,690 | 390,581 |
Cincinnati Financial Corp. | 2,754 | 264,880 |
CNA Financial Corp. | 717 | 33,219 |
Enstar Group, Ltd. (A) | 209 | 37,047 |
Erie Indemnity Company, Class A | 613 | 116,053 |
Everest Re Group, Ltd. | 937 | 220,664 |
Fidelity National Financial, Inc. | 6,066 | 242,337 |
First American Financial Corp. | 2,436 | 138,998 |
Kemper Corp. | 743 | 66,781 |
Lincoln National Corp. | 4,984 | 332,532 |
Loews Corp. | 5,852 | 300,149 |
Markel Corp. (A) | 192 | 205,730 |
Marsh & McLennan Companies, Inc. | 5,436 | 512,560 |
MetLife, Inc. | 8,490 | 391,644 |
Old Republic International Corp. | 6,560 | 146,682 |
Primerica, Inc. | 945 | 123,124 |
Principal Financial Group, Inc. | 6,063 | 346,561 |
Prudential Financial, Inc. | 4,270 | 451,382 |
Reinsurance Group of America, Inc. | 1,701 | 257,719 |
RenaissanceRe Holdings, Ltd. | 924 | 143,553 |
Selective Insurance Group, Inc. | 512 | 36,511 |
The Allstate Corp. | 3,347 | 331,554 |
The Hanover Insurance Group, Inc. | 880 | 106,137 |
The Hartford Financial Services Group, Inc. | 9,698 | 507,302 |
The Progressive Corp. | 6,284 | 491,095 |
The Travelers Companies, Inc. | 3,383 | 486,306 |
Torchmark Corp. | 2,325 | 203,810 |
Unum Group | 5,171 | 190,913 |
W.R. Berkley Corp. | 3,352 | 205,478 |
Willis Towers Watson PLC | 1,855 | 341,951 |
Thrifts and mortgage finance – 1.0% | ||
Essent Group, Ltd. (A) | 1,778 | 84,366 |
LendingTree, Inc. (A) | 70 | 26,937 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Thrifts and mortgage finance (continued) | ||
MGIC Investment Corp. (A) | 9,927 | $145,331 |
New York Community Bancorp, Inc. | 9,379 | 109,078 |
Radian Group, Inc. | 5,236 | 122,627 |
TFS Financial Corp. | 909 | 15,126 |
Industrials – 1.7% | 805,464 | |
Professional services – 1.7% | ||
Equifax, Inc. | 2,550 | 321,173 |
IHS Markit, Ltd. (A) | 5,862 | 335,658 |
TransUnion | 2,134 | 148,633 |
Information technology – 12.6% | 6,005,259 | |
IT services – 12.4% | ||
Accenture PLC, Class A | 2,284 | 417,218 |
Booz Allen Hamilton Holding Corp. | 1,509 | 89,469 |
Broadridge Financial Solutions, Inc. | 1,242 | 146,717 |
Euronet Worldwide, Inc. (A) | 593 | 88,885 |
Fidelity National Information Services, Inc. | 1,848 | 214,239 |
FleetCor Technologies, Inc. (A) | 983 | 256,514 |
Gartner, Inc. (A) | 963 | 153,088 |
Global Payments, Inc. | 1,813 | 264,825 |
Mastercard, Inc., Class A | 5,853 | 1,488,067 |
Paychex, Inc. | 3,469 | 292,471 |
PayPal Holdings, Inc. (A) | 3,102 | 349,813 |
The Western Union Company | 8,807 | 171,208 |
Visa, Inc., Class A | 11,145 | 1,832,572 |
Worldpay, Inc., Class A (A) | 1,271 | 148,974 |
Software – 0.2% | ||
Fair Isaac Corp. (A) | 326 | 91,199 |
SHORT-TERM INVESTMENTS – 0.2% | $70,770 | |
(Cost $70,770) | ||
Money market funds – 0.2% | 70,770 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (B) | 70,770 | 70,770 |
Total investments (Multifactor Financials ETF) (Cost $44,846,952) 100.1% | $47,654,777 | |
Other assets and liabilities, net (0.1%) | (27,552) | |
Total net assets 100.0% | $47,627,225 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 4-30-19. |
48 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $53,636,261 | |
(Cost $52,967,877) | ||
Health care – 99.8% | 53,564,050 | |
Biotechnology – 16.3% | ||
AbbVie, Inc. | 12,152 | 964,747 |
Agios Pharmaceuticals, Inc. (A)(B) | 1,157 | 64,699 |
Alexion Pharmaceuticals, Inc. (A) | 3,595 | 489,387 |
Alkermes PLC (A) | 3,224 | 97,752 |
Allogene Therapeutics, Inc. (A)(B) | 193 | 5,780 |
Alnylam Pharmaceuticals, Inc. (A) | 1,815 | 162,152 |
Amgen, Inc. | 6,503 | 1,166,118 |
Array BioPharma, Inc. (A) | 2,190 | 49,516 |
Biogen, Inc. (A) | 2,857 | 654,939 |
BioMarin Pharmaceutical, Inc. (A) | 3,563 | 304,743 |
Bluebird Bio, Inc. (A) | 1,081 | 153,318 |
Celgene Corp. (A) | 7,664 | 725,474 |
Exact Sciences Corp. (A) | 2,079 | 205,177 |
Exelixis, Inc. (A) | 10,307 | 202,636 |
FibroGen, Inc. (A) | 1,333 | 62,291 |
Gilead Sciences, Inc. | 21,211 | 1,379,563 |
Incyte Corp. (A) | 2,655 | 203,904 |
Ionis Pharmaceuticals, Inc. (A) | 2,170 | 161,296 |
Moderna, Inc. (A)(B) | 408 | 10,620 |
Neurocrine Biosciences, Inc. (A) | 1,534 | 110,816 |
Regeneron Pharmaceuticals, Inc. (A) | 1,434 | 492,063 |
Sage Therapeutics, Inc. (A)(B) | 895 | 150,566 |
Sarepta Therapeutics, Inc. (A) | 1,164 | 136,118 |
Seattle Genetics, Inc. (A) | 2,002 | 135,696 |
Ultragenyx Pharmaceutical, Inc. (A) | 775 | 51,150 |
United Therapeutics Corp. (A) | 2,111 | 216,525 |
Vertex Pharmaceuticals, Inc. (A) | 2,417 | 408,425 |
Health care equipment and supplies – 24.9% | ||
Abbott Laboratories | 17,452 | 1,388,481 |
ABIOMED, Inc. (A) | 883 | 244,953 |
Align Technology, Inc. (A) | 2,254 | 731,829 |
Baxter International, Inc. | 8,142 | 621,235 |
Becton, Dickinson and Company | 2,787 | 670,942 |
Boston Scientific Corp. (A) | 17,947 | 666,193 |
Danaher Corp. | 4,143 | 548,699 |
DENTSPLY SIRONA, Inc. | 7,255 | 370,948 |
DexCom, Inc. (A) | 1,493 | 180,758 |
Edwards Lifesciences Corp. (A) | 2,394 | 421,512 |
Globus Medical, Inc., Class A (A) | 2,069 | 93,291 |
Haemonetics Corp. (A) | 1,211 | 105,696 |
Hill-Rom Holdings, Inc. | 2,681 | 271,907 |
Hologic, Inc. (A) | 9,295 | 431,102 |
ICU Medical, Inc. (A) | 411 | 93,503 |
IDEXX Laboratories, Inc. (A) | 2,264 | 525,248 |
Insulet Corp. (A) | 988 | 85,215 |
Integra LifeSciences Holdings Corp. (A) | 1,921 | 100,257 |
Intuitive Surgical, Inc. (A) | 864 | 441,184 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
LivaNova PLC (A) | 1,441 | $99,270 |
Masimo Corp. (A) | 1,333 | 173,490 |
Medtronic PLC | 13,988 | 1,242,274 |
Novocure, Ltd. (A) | 712 | 31,378 |
Penumbra, Inc. (A)(B) | 480 | 64,560 |
ResMed, Inc. | 4,427 | 462,666 |
STERIS PLC | 2,660 | 348,407 |
Stryker Corp. | 3,421 | 646,261 |
Teleflex, Inc. | 1,259 | 360,301 |
The Cooper Companies, Inc. | 1,509 | 437,489 |
Varian Medical Systems, Inc. (A) | 2,954 | 402,246 |
West Pharmaceutical Services, Inc. | 2,139 | 264,787 |
Wright Medical Group NV (A) | 2,630 | 77,769 |
Zimmer Biomet Holdings, Inc. | 6,282 | 773,691 |
Health care providers and services – 23.2% | ||
Amedisys, Inc. (A) | 701 | 89,602 |
AmerisourceBergen Corp. | 6,045 | 451,924 |
Anthem, Inc. | 3,264 | 858,530 |
Cardinal Health, Inc. | 12,448 | 606,342 |
Centene Corp. (A) | 12,899 | 665,072 |
Chemed Corp. | 476 | 155,547 |
Cigna Corp. | 6,381 | 1,013,558 |
Covetrus, Inc. (A) | 2,407 | 79,118 |
CVS Health Corp. | 13,899 | 755,828 |
DaVita, Inc. (A) | 5,702 | 314,978 |
Encompass Health Corp. | 4,294 | 276,748 |
Guardant Health, Inc. (A)(B) | 116 | 7,599 |
HCA Healthcare, Inc. | 3,591 | 456,883 |
HealthEquity, Inc. (A) | 724 | 49,051 |
Henry Schein, Inc. (A)(B) | 5,386 | 345,027 |
Humana, Inc. | 2,702 | 690,118 |
Laboratory Corp. of America Holdings (A) | 3,915 | 626,087 |
McKesson Corp. | 4,477 | 533,882 |
Molina Healthcare, Inc. (A) | 2,455 | 318,242 |
Premier, Inc., Class A (A) | 1,698 | 56,425 |
Quest Diagnostics, Inc. | 5,506 | 530,668 |
UnitedHealth Group, Inc. | 11,253 | 2,622,737 |
Universal Health Services, Inc., Class B | 3,902 | 495,047 |
WellCare Health Plans, Inc. (A) | 1,753 | 452,888 |
Health care technology – 1.0% | ||
Cerner Corp. (A) | 7,032 | 467,276 |
Teladoc Health, Inc. (A)(B) | 1,446 | 82,248 |
Life sciences tools and services – 9.5% | ||
Agilent Technologies, Inc. | 5,737 | 450,355 |
Bio-Rad Laboratories, Inc., Class A (A) | 693 | 208,544 |
Bio-Techne Corp. | 1,042 | 213,183 |
Bruker Corp. | 3,607 | 139,230 |
Charles River Laboratories International, Inc. (A) | 1,830 | 257,060 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 49 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Life sciences tools and services (continued) | ||
Illumina, Inc. (A) | 1,645 | $513,240 |
IQVIA Holdings, Inc. (A) | 5,445 | 756,311 |
Mettler-Toledo International, Inc. (A) | 479 | 356,980 |
PerkinElmer, Inc. | 1,906 | 182,671 |
PRA Health Sciences, Inc. (A) | 1,638 | 158,591 |
Syneos Health, Inc. (A) | 2,228 | 104,560 |
Thermo Fisher Scientific, Inc. | 4,385 | 1,216,618 |
Waters Corp. (A) | 2,390 | 510,361 |
Pharmaceuticals – 24.9% | ||
Allergan PLC | 5,062 | 744,114 |
Amneal Pharmaceuticals, Inc. (A)(B) | 1,619 | 20,837 |
Bristol-Myers Squibb Company | 15,920 | 739,166 |
Catalent, Inc. (A) | 5,043 | 226,027 |
Elanco Animal Health, Inc. (A) | 7,114 | 224,091 |
Eli Lilly & Company | 7,904 | 925,084 |
Horizon Pharma PLC (A) | 2,521 | 64,361 |
Jazz Pharmaceuticals PLC (A) | 2,291 | 297,303 |
Johnson & Johnson | 24,147 | 3,409,556 |
Merck & Company, Inc. | 28,165 | 2,216,867 |
Mylan NV (A) | 18,541 | 500,421 |
Nektar Therapeutics (A) | 5,549 | 177,679 |
Perrigo Company PLC | 3,900 | 186,888 |
Pfizer, Inc. | 69,691 | 2,830,152 |
Zoetis, Inc. | 7,751 | 789,362 |
Industrials – 0.1% | 72,211 | |
Commercial services and supplies – 0.1% | ||
MSA Safety, Inc. | 657 | 72,211 |
SECURITIES LENDING COLLATERAL – 1.2% | $637,469 | |
(Cost $637,453) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 63,701 | 637,469 |
SHORT-TERM INVESTMENTS – 0.1% | $50,423 | |
(Cost $50,423) | ||
Money market funds – 0.1% | 50,423 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 50,423 | 50,423 |
Total investments (Multifactor Healthcare ETF) (Cost $53,655,753) 101.2% | $54,324,153 | |
Other assets and liabilities, net (1.2%) | (662,643) | |
Total net assets 100.0% | $53,661,510 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(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% | $32,152,809 | |
(Cost $29,490,588) | ||
Consumer discretionary – 6.7% | 2,144,509 | |
Auto components – 1.8% | ||
Aptiv PLC | 6,778 | 580,875 |
Diversified consumer services – 0.4% | ||
ServiceMaster Global Holdings, Inc. (A) | 2,932 | 143,756 |
Household durables – 4.1% | ||
D.R. Horton, Inc. | 8,668 | 384,079 |
Garmin, Ltd. | 2,467 | 211,521 |
Leggett & Platt, Inc. | 3,498 | 137,681 |
NVR, Inc. (A) | 104 | 327,858 |
PulteGroup, Inc. | 7,734 | 243,312 |
Leisure products – 0.4% | ||
Brunswick Corp. | 2,254 | 115,427 |
Industrials – 84.5% | 27,193,204 | |
Aerospace and defense – 17.4% | ||
BWX Technologies, Inc. (B) | 1,155 | 59,021 |
Curtiss-Wright Corp. | 803 | 91,494 |
General Dynamics Corp. | 1,681 | 300,428 |
Harris Corp. | 2,689 | 453,097 |
HEICO Corp. | 643 | 67,856 |
HEICO Corp., Class A | 1,106 | 98,910 |
Hexcel Corp. | 1,351 | 95,529 |
Huntington Ingalls Industries, Inc. | 672 | 149,574 |
L3 Technologies, Inc. | 1,256 | 274,536 |
Lockheed Martin Corp. | 1,621 | 540,328 |
Northrop Grumman Corp. | 998 | 289,330 |
Raytheon Company | 1,772 | 314,689 |
Spirit AeroSystems Holdings, Inc., Class A | 1,945 | 169,021 |
Teledyne Technologies, Inc. (A) | 577 | 143,390 |
Textron, Inc. | 4,324 | 229,172 |
The Boeing Company | 3,511 | 1,326,069 |
TransDigm Group, Inc. (A) | 659 | 317,981 |
United Technologies Corp. | 4,645 | 662,423 |
Air freight and logistics – 4.0% | ||
C.H. Robinson Worldwide, Inc. | 2,677 | 216,837 |
Expeditors International of Washington, Inc. | 2,817 | 223,726 |
FedEx Corp. | 1,475 | 279,454 |
United Parcel Service, Inc., Class B | 4,324 | 459,295 |
XPO Logistics, Inc. (A)(B) | 1,587 | 108,043 |
Airlines – 6.2% | ||
Alaska Air Group, Inc. | 2,284 | 141,380 |
American Airlines Group, Inc. | 4,950 | 169,191 |
Delta Air Lines, Inc. | 9,580 | 558,418 |
JetBlue Airways Corp. (A) | 5,137 | 95,291 |
Southwest Airlines Company | 5,788 | 313,883 |
Spirit Airlines, Inc. (A) | 1,655 | 89,999 |
United Continental Holdings, Inc. (A) | 7,154 | 635,704 |
50 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Building products – 2.6% | ||
Allegion PLC | 1,777 | $176,332 |
AO Smith Corp. | 1,777 | 93,417 |
Fortune Brands Home & Security, Inc. | 1,990 | 105,032 |
Johnson Controls International PLC | 8,604 | 322,650 |
Lennox International, Inc. | 506 | 137,354 |
Commercial services and supplies – 3.8% | ||
ADT, Inc. (B) | 4,143 | 27,302 |
Cintas Corp. | 1,205 | 261,654 |
Clean Harbors, Inc. (A) | 105 | 7,980 |
Republic Services, Inc. | 4,227 | 350,080 |
Stericycle, Inc. (A) | 962 | 56,171 |
The Brink's Company | 1,204 | 96,236 |
Waste Management, Inc. | 4,035 | 433,117 |
Construction and engineering – 1.8% | ||
AECOM (A) | 2,920 | 98,988 |
EMCOR Group, Inc. | 1,275 | 107,279 |
Fluor Corp. | 2,234 | 88,757 |
Jacobs Engineering Group, Inc. | 2,327 | 181,366 |
Quanta Services, Inc. | 2,527 | 102,596 |
Electrical equipment – 6.3% | ||
Acuity Brands, Inc. | 801 | 117,210 |
AMETEK, Inc. | 4,559 | 401,967 |
Eaton Corp. PLC | 3,751 | 310,658 |
Emerson Electric Company | 6,142 | 436,021 |
Hubbell, Inc. | 1,086 | 138,574 |
nVent Electric PLC | 3,041 | 84,996 |
Rockwell Automation, Inc. | 2,130 | 384,912 |
Sensata Technologies Holding PLC (A) | 3,144 | 157,011 |
Industrial conglomerates – 7.1% | ||
3M Company | 4,192 | 794,426 |
Carlisle Companies, Inc. | 1,033 | 146,087 |
General Electric Company | 33,797 | 343,715 |
Honeywell International, Inc. | 3,904 | 677,852 |
Roper Technologies, Inc. | 872 | 313,658 |
Machinery – 22.2% | ||
AGCO Corp. | 1,216 | 86,068 |
Allison Transmission Holdings, Inc. | 2,570 | 120,430 |
Caterpillar, Inc. | 4,508 | 628,505 |
Crane Company | 976 | 83,009 |
Cummins, Inc. | 2,951 | 490,722 |
Deere & Company | 3,485 | 577,221 |
Donaldson Company, Inc. | 2,428 | 129,995 |
Dover Corp. | 2,431 | 238,335 |
Flowserve Corp. | 2,044 | 100,217 |
Fortive Corp. | 4,932 | 425,829 |
Gardner Denver Holdings, Inc. (A) | 859 | 28,991 |
Gates Industrial Corp. PLC (A) | 1,190 | 19,135 |
Graco, Inc. | 3,165 | 162,206 |
IDEX Corp. | 1,299 | 203,501 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Illinois Tool Works, Inc. | 2,719 | $423,158 |
Ingersoll-Rand PLC | 4,655 | 570,750 |
ITT, Inc. | 1,964 | 118,920 |
Lincoln Electric Holdings, Inc. | 1,188 | 103,677 |
Navistar International Corp. (A) | 180 | 6,145 |
Nordson Corp. | 857 | 125,079 |
Oshkosh Corp. | 1,617 | 133,548 |
PACCAR, Inc. | 9,279 | 665,026 |
Parker-Hannifin Corp. | 2,514 | 455,235 |
Pentair PLC | 3,118 | 121,571 |
Snap-on, Inc. | 1,110 | 186,791 |
The Middleby Corp. (A) | 1,148 | 151,685 |
The Toro Company | 2,140 | 156,541 |
WABCO Holdings, Inc. (A) | 1,215 | 160,915 |
Wabtec Corp. (B) | 1,618 | 119,845 |
Woodward, Inc. | 892 | 97,139 |
Xylem, Inc. | 3,048 | 254,203 |
Marine – 0.3% | ||
Kirby Corp. (A) | 1,115 | 91,118 |
Professional services – 1.3% | ||
Insperity, Inc. | 805 | 96,246 |
ManpowerGroup, Inc. | 1,151 | 110,542 |
Robert Half International, Inc. | 2,317 | 143,863 |
TriNet Group, Inc. (A) | 1,195 | 74,496 |
Road and rail – 7.9% | ||
AMERCO | 201 | 75,007 |
CSX Corp. | 4,966 | 395,443 |
Genesee & Wyoming, Inc., Class A (A) | 1,026 | 90,955 |
J.B. Hunt Transport Services, Inc. | 2,049 | 193,590 |
Kansas City Southern | 1,760 | 216,726 |
Landstar System, Inc. | 835 | 90,982 |
Norfolk Southern Corp. | 2,439 | 497,605 |
Old Dominion Freight Line, Inc. | 974 | 145,399 |
Schneider National, Inc., Class B | 1,260 | 26,334 |
Union Pacific Corp. | 4,570 | 809,073 |
Trading companies and distributors – 3.6% | ||
Air Lease Corp. | 1,891 | 72,917 |
Fastenal Company | 4,777 | 337,017 |
HD Supply Holdings, Inc. (A) | 3,377 | 154,295 |
MSC Industrial Direct Company, Inc., Class A | 855 | 71,521 |
United Rentals, Inc. (A) | 1,568 | 220,963 |
W.W. Grainger, Inc. | 885 | 249,570 |
Watsco, Inc. | 364 | 57,683 |
Information technology – 7.3% | 2,346,981 | |
Electronic equipment, instruments and components – 5.4% | ||
Amphenol Corp., Class A | 5,016 | 499,393 |
Arrow Electronics, Inc. (A) | 1,508 | 127,441 |
Avnet, Inc. | 2,092 | 101,692 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 51 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Electronic equipment, instruments andcomponents (continued) | ||
Cognex Corp. | 2,100 | $105,903 |
Dolby Laboratories, Inc., Class A | 1,562 | 101,046 |
Flex, Ltd. (A) | 9,735 | 107,474 |
Keysight Technologies, Inc. (A) | 2,148 | 186,940 |
TE Connectivity, Ltd. | 2,716 | 259,785 |
Zebra Technologies Corp., Class A (A) | 1,103 | 232,887 |
IT services – 1.1% | ||
Automatic Data Processing, Inc. | 2,212 | 363,631 |
Software – 0.8% | ||
Paycom Software, Inc. (A) | 1,086 | 219,948 |
Paylocity Holding Corp. (A) | 423 | 40,841 |
Materials – 1.4% | 468,115 | |
Chemicals – 1.4% | ||
Ecolab, Inc. | 2,543 | 468,115 |
SECURITIES LENDING COLLATERAL – 0.8% | $257,948 | |
(Cost $257,944) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 25,776 | 257,948 |
SHORT-TERM INVESTMENTS – 0.2% | $60,930 | |
(Cost $60,930) | ||
Money market funds – 0.2% | 60,930 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 60,930 | 60,930 |
Total investments (Multifactor Industrials ETF) (Cost $29,809,462) 100.9% | $32,471,687 | |
Other assets and liabilities, net (0.9%) | (295,176) | |
Total net assets 100.0% | $32,176,511 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(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% | $921,318,770 | |
(Cost $815,908,893) | ||
Communication services – 7.3% | 67,064,936 | |
Diversified telecommunication services – 1.3% | ||
AT&T, Inc. | 174,234 | 5,394,285 |
CenturyLink, Inc. | 59,644 | 681,134 |
Verizon Communications, Inc. | 92,463 | 5,287,959 |
Zayo Group Holdings, Inc. (A) | 9,591 | 300,102 |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Entertainment – 1.4% | ||
Activision Blizzard, Inc. | 26,048 | $1,255,774 |
Electronic Arts, Inc. (A) | 10,464 | 990,418 |
Liberty Media Corp.-Liberty Formula One, Series A (A) | 819 | 30,925 |
Liberty Media Corp.-Liberty Formula One, Series C (A) | 8,787 | 341,023 |
Live Nation Entertainment, Inc. (A) | 7,978 | 521,283 |
Netflix, Inc. (A) | 6,933 | 2,568,954 |
Take-Two Interactive Software, Inc. (A) | 4,435 | 429,441 |
The Madison Square Garden Company, Class A (A) | 593 | 185,277 |
The Walt Disney Company | 43,003 | 5,890,121 |
Viacom, Inc., Class A | 703 | 24,359 |
Viacom, Inc., Class B | 29,201 | 844,201 |
World Wrestling Entertainment, Inc., Class A | 824 | 69,092 |
Interactive media and services – 2.8% | ||
Alphabet, Inc., Class A (A) | 10,401 | 12,470,383 |
Alphabet, Inc., Class C (A) | 1,724 | 2,048,940 |
ANGI Homeservices, Inc., Class A (A) | 903 | 15,694 |
Facebook, Inc., Class A (A) | 43,683 | 8,448,292 |
InterActiveCorp (A) | 4,123 | 927,015 |
Match Group, Inc. (B) | 2,060 | 124,424 |
Snap, Inc., Class A (A)(B) | 2,706 | 30,145 |
TripAdvisor, Inc. (A) | 5,430 | 289,039 |
Twitter, Inc. (A) | 25,729 | 1,026,844 |
Zillow Group, Inc., Class A (A) | 1,073 | 35,634 |
Zillow Group, Inc., Class C (A)(B) | 3,892 | 129,993 |
Media – 1.7% | ||
Altice USA, Inc., Class A | 9,203 | 216,823 |
CBS Corp., Class B | 22,538 | 1,155,523 |
Charter Communications, Inc., Class A (A) | 5,517 | 2,047,855 |
Comcast Corp., Class A | 142,752 | 6,213,995 |
Discovery, Inc., Series A (A) | 18,841 | 582,187 |
Discovery, Inc., Series C (A) | 7,766 | 223,350 |
DISH Network Corp., Class A (A) | 12,798 | 449,466 |
Fox Corp., Class A (A) | 8,853 | 345,178 |
Fox Corp., Class B (A) | 5,021 | 193,309 |
GCI Liberty, Inc., Class A (A) | 1,216 | 72,498 |
Liberty Broadband Corp., Series A (A) | 829 | 81,565 |
Liberty Broadband Corp., Series C (A) | 5,899 | 582,290 |
Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 8,088 | 323,035 |
Liberty Media Corp.-Liberty SiriusXM, Series C (A) | 1,714 | 68,834 |
News Corp., Class A | 22,032 | 273,637 |
News Corp., Class B | 6,012 | 75,090 |
Omnicom Group, Inc. | 21,374 | 1,710,561 |
Sirius XM Holdings, Inc. | 62,690 | 364,229 |
The Interpublic Group of Companies, Inc. | 33,938 | 780,574 |
52 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Wireless telecommunication services – 0.1% | ||
Sprint Corp. (A) | 36,558 | $203,994 |
T-Mobile US, Inc. (A) | 10,141 | 740,192 |
Consumer discretionary – 10.9% | 100,686,362 | |
Auto components – 0.5% | ||
Aptiv PLC | 20,528 | 1,759,250 |
Autoliv, Inc. | 6,475 | 508,223 |
BorgWarner, Inc. | 15,285 | 638,454 |
Gentex Corp. | 16,599 | 382,275 |
Lear Corp. | 6,214 | 888,602 |
Automobiles – 0.5% | ||
Ford Motor Company | 129,650 | 1,354,843 |
General Motors Company | 42,632 | 1,660,516 |
Harley-Davidson, Inc. | 16,256 | 605,211 |
Tesla, Inc. (A)(B) | 2,552 | 609,137 |
Distributors – 0.2% | ||
Genuine Parts Company | 11,180 | 1,146,397 |
LKQ Corp. (A) | 17,725 | 533,523 |
Pool Corp. | 1,578 | 289,942 |
Diversified consumer services – 0.1% | ||
Bright Horizons Family Solutions, Inc. (A) | 1,638 | 209,910 |
Grand Canyon Education, Inc. (A) | 564 | 65,362 |
Service Corp. International | 12,583 | 523,579 |
ServiceMaster Global Holdings, Inc. (A) | 8,026 | 393,515 |
Hotels, restaurants and leisure – 2.1% | ||
Aramark | 17,497 | 543,807 |
Caesars Entertainment Corp. (A) | 1,766 | 16,530 |
Carnival Corp. | 16,158 | 886,428 |
Chipotle Mexican Grill, Inc. (A) | 1,682 | 1,157,283 |
Darden Restaurants, Inc. | 8,520 | 1,001,952 |
Domino's Pizza, Inc. | 2,131 | 576,606 |
Dunkin' Brands Group, Inc. | 1,518 | 113,288 |
Hilton Worldwide Holdings, Inc. | 13,664 | 1,188,631 |
Hyatt Hotels Corp., Class A | 2,212 | 169,727 |
Las Vegas Sands Corp. | 15,062 | 1,009,907 |
Marriott International, Inc., Class A | 11,339 | 1,546,866 |
McDonald's Corp. | 16,840 | 3,327,079 |
MGM Resorts International | 32,225 | 858,152 |
Norwegian Cruise Line Holdings, Ltd. (A) | 9,338 | 526,570 |
Planet Fitness, Inc., Class A (A) | 839 | 63,512 |
Royal Caribbean Cruises, Ltd. | 9,519 | 1,151,228 |
Starbucks Corp. | 30,811 | 2,393,398 |
Vail Resorts, Inc. | 2,060 | 471,431 |
Wyndham Hotels & Resorts, Inc. | 9,268 | 516,413 |
Wynn Resorts, Ltd. | 4,715 | 681,082 |
Yum! Brands, Inc. | 11,389 | 1,188,898 |
Household durables – 0.7% | ||
D.R. Horton, Inc. | 23,596 | 1,045,539 |
Garmin, Ltd. | 8,225 | 705,212 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Household durables (continued) | ||
Leggett & Platt, Inc. | 8,954 | $352,429 |
Lennar Corp., A Shares | 12,763 | 664,059 |
Lennar Corp., B Shares | 850 | 35,462 |
Mohawk Industries, Inc. (A) | 4,575 | 623,344 |
Newell Brands, Inc. | 25,393 | 365,151 |
NVR, Inc. (A) | 329 | 1,037,166 |
PulteGroup, Inc. | 18,139 | 570,653 |
Roku, Inc. (A) | 785 | 49,918 |
Toll Brothers, Inc. | 9,662 | 368,122 |
Whirlpool Corp. | 5,917 | 821,398 |
Internet and direct marketing retail – 2.3% | ||
Amazon.com, Inc. (A) | 7,994 | 15,400,601 |
Booking Holdings, Inc. (A) | 1,024 | 1,899,510 |
eBay, Inc. | 44,297 | 1,716,509 |
Etsy, Inc. (A) | 772 | 52,141 |
Expedia Group, Inc. | 7,688 | 998,210 |
GrubHub, Inc. (A) | 1,546 | 103,257 |
Qurate Retail, Inc. (A) | 35,656 | 607,935 |
Wayfair, Inc., Class A (A) | 1,115 | 180,797 |
Leisure products – 0.1% | ||
Hasbro, Inc. | 9,863 | 1,004,645 |
Polaris Industries, Inc. | 4,194 | 404,302 |
Multiline retail – 0.8% | ||
Dollar General Corp. | 11,554 | 1,456,844 |
Dollar Tree, Inc. (A) | 16,523 | 1,838,679 |
Kohl's Corp. | 17,309 | 1,230,670 |
Macy's, Inc. | 30,577 | 719,783 |
Nordstrom, Inc. (B) | 12,233 | 501,798 |
Ollie's Bargain Outlet Holdings, Inc. (A) | 608 | 58,149 |
Target Corp. | 24,091 | 1,865,125 |
Specialty retail – 2.7% | ||
Advance Auto Parts, Inc. | 4,688 | 779,708 |
AutoZone, Inc. (A) | 1,283 | 1,319,322 |
Best Buy Company, Inc. | 22,242 | 1,655,027 |
Burlington Stores, Inc. (A) | 3,407 | 575,476 |
CarMax, Inc. (A)(B) | 13,257 | 1,032,190 |
Carvana Company (A)(B) | 405 | 28,982 |
Five Below, Inc. (A) | 1,210 | 177,132 |
Foot Locker, Inc. | 1,509 | 86,330 |
L Brands, Inc. | 10,875 | 278,835 |
Lowe's Companies, Inc. | 27,371 | 3,096,755 |
O'Reilly Automotive, Inc. (A) | 3,746 | 1,418,123 |
Ross Stores, Inc. | 22,771 | 2,223,816 |
The Gap, Inc. | 20,595 | 537,118 |
The Home Depot, Inc. | 28,601 | 5,826,024 |
The TJX Companies, Inc. | 44,922 | 2,465,319 |
Tiffany & Company | 8,092 | 872,479 |
Tractor Supply Company | 9,426 | 975,591 |
Ulta Beauty, Inc. (A) | 3,995 | 1,394,175 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 53 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Textiles, apparel and luxury goods – 0.9% | ||
Capri Holdings, Ltd. (A) | 10,883 | $479,723 |
Columbia Sportswear Company | 678 | 67,780 |
Hanesbrands, Inc. | 24,826 | 448,606 |
Lululemon Athletica, Inc. (A) | 5,461 | 963,047 |
NIKE, Inc., Class B | 32,982 | 2,896,809 |
PVH Corp. | 4,595 | 592,709 |
Ralph Lauren Corp. | 4,566 | 600,794 |
Tapestry, Inc. | 16,593 | 535,456 |
Under Armour, Inc., Class A (A) | 8,374 | 193,356 |
Under Armour, Inc., Class C (A) | 8,465 | 175,395 |
VF Corp. | 14,356 | 1,355,350 |
Consumer staples – 6.4% | 58,984,726 | |
Beverages – 1.4% | ||
Brown-Forman Corp., Class A | 3,453 | 180,592 |
Brown-Forman Corp., Class B | 17,692 | 942,807 |
Constellation Brands, Inc., Class A | 6,452 | 1,365,695 |
Keurig Dr. Pepper, Inc. | 1,970 | 57,268 |
Molson Coors Brewing Company, Class B | 12,366 | 793,774 |
Monster Beverage Corp. (A) | 15,047 | 896,801 |
PepsiCo, Inc. | 34,182 | 4,377,005 |
The Coca-Cola Company | 87,348 | 4,285,293 |
Food and staples retailing – 1.3% | ||
Costco Wholesale Corp. | 11,113 | 2,728,575 |
Sysco Corp. | 22,135 | 1,557,640 |
The Kroger Company | 68,183 | 1,757,758 |
US Foods Holding Corp. (A) | 11,372 | 415,647 |
Walgreens Boots Alliance, Inc. | 20,810 | 1,114,792 |
Walmart, Inc. | 45,909 | 4,721,282 |
Food products – 1.7% | ||
Archer-Daniels-Midland Company | 30,063 | 1,340,810 |
Bunge, Ltd. | 10,779 | 564,927 |
Campbell Soup Company (B) | 13,842 | 535,547 |
Conagra Brands, Inc. | 32,363 | 996,133 |
General Mills, Inc. | 30,351 | 1,562,166 |
Hormel Foods Corp. (B) | 16,345 | 652,819 |
Ingredion, Inc. | 5,593 | 529,937 |
Kellogg Company | 14,540 | 876,762 |
Lamb Weston Holdings, Inc. | 9,424 | 660,151 |
McCormick & Company, Inc. | 8,830 | 1,359,555 |
Mondelez International, Inc., Class A | 40,214 | 2,044,882 |
Post Holdings, Inc. (A) | 4,315 | 486,646 |
The Hershey Company | 11,486 | 1,434,027 |
The J.M. Smucker Company | 7,060 | 865,768 |
The Kraft Heinz Company | 10,689 | 355,302 |
Tyson Foods, Inc., Class A | 15,230 | 1,142,402 |
Household products – 1.2% | ||
Church & Dwight Company, Inc. | 13,301 | 996,910 |
Colgate-Palmolive Company | 19,455 | 1,416,129 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Household products (continued) | ||
Kimberly-Clark Corp. | 10,212 | $1,311,017 |
The Clorox Company | 9,447 | 1,508,969 |
The Procter & Gamble Company | 56,399 | 6,005,366 |
Personal products – 0.2% | ||
Coty, Inc., Class A | 11,769 | 127,341 |
Herbalife Nutrition, Ltd. (A) | 6,943 | 366,938 |
The Estee Lauder Companies, Inc., Class A | 9,388 | 1,612,952 |
Tobacco – 0.6% | ||
Altria Group, Inc. | 46,239 | 2,512,165 |
Philip Morris International, Inc. | 29,161 | 2,524,176 |
Energy – 4.6% | 42,380,029 | |
Energy equipment and services – 0.4% | ||
Baker Hughes, a GE Company LLC | 10,758 | 258,407 |
Halliburton Company | 21,734 | 615,724 |
Helmerich & Payne, Inc. | 2,426 | 141,970 |
National Oilwell Varco, Inc. | 19,726 | 515,638 |
Schlumberger, Ltd. | 24,759 | 1,056,714 |
TechnipFMC PLC | 25,918 | 637,324 |
Oil, gas and consumable fuels – 4.2% | ||
Anadarko Petroleum Corp. | 17,050 | 1,242,093 |
Apache Corp. | 20,674 | 680,381 |
Cabot Oil & Gas Corp. | 20,939 | 542,111 |
Cheniere Energy, Inc. (A) | 9,187 | 591,183 |
Chevron Corp. | 52,527 | 6,306,392 |
Cimarex Energy Company | 4,728 | 324,624 |
Concho Resources, Inc. | 8,870 | 1,023,421 |
ConocoPhillips | 25,598 | 1,615,746 |
Continental Resources, Inc. (A) | 5,314 | 244,391 |
Devon Energy Corp. | 25,988 | 835,254 |
Diamondback Energy, Inc. | 7,886 | 838,992 |
EOG Resources, Inc. | 13,008 | 1,249,418 |
Exxon Mobil Corp. | 95,828 | 7,693,072 |
Hess Corp. | 17,084 | 1,095,426 |
HollyFrontier Corp. | 15,501 | 739,863 |
Kinder Morgan, Inc. | 62,574 | 1,243,345 |
Marathon Oil Corp. | 57,910 | 986,786 |
Marathon Petroleum Corp. | 33,163 | 2,018,632 |
Noble Energy, Inc. | 35,433 | 958,817 |
Occidental Petroleum Corp. | 21,760 | 1,281,229 |
ONEOK, Inc. | 19,535 | 1,327,013 |
Parsley Energy, Inc., Class A (A) | 8,859 | 176,826 |
Phillips 66 | 13,399 | 1,263,124 |
Pioneer Natural Resources Company | 6,050 | 1,007,083 |
Tallgrass Energy LP | 2,081 | 50,235 |
Targa Resources Corp. | 9,693 | 389,174 |
The Williams Companies, Inc. | 38,294 | 1,084,869 |
Valero Energy Corp. | 24,489 | 2,220,173 |
WPX Energy, Inc. (A) | 8,969 | 124,579 |
54 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials – 14.2% | $130,435,484 | |
Banks – 5.2% | ||
Bank of America Corp. | 222,709 | 6,810,441 |
BB&T Corp. | 26,571 | 1,360,435 |
BOK Financial Corp. | 1,122 | 97,771 |
Citigroup, Inc. | 62,306 | 4,405,034 |
Citizens Financial Group, Inc. | 30,855 | 1,116,951 |
Comerica, Inc. | 11,845 | 930,899 |
Commerce Bancshares, Inc. | 5,921 | 357,806 |
Cullen/Frost Bankers, Inc. | 2,383 | 242,327 |
East West Bancorp, Inc. | 9,179 | 472,535 |
Fifth Third Bancorp | 63,602 | 1,833,010 |
First Republic Bank | 8,552 | 903,262 |
Huntington Bancshares, Inc. | 66,112 | 920,279 |
JPMorgan Chase & Co. | 86,721 | 10,063,972 |
KeyCorp | 67,431 | 1,183,414 |
M&T Bank Corp. | 9,241 | 1,571,617 |
People's United Financial, Inc. | 20,572 | 355,690 |
Popular, Inc. | 1,597 | 92,163 |
Regions Financial Corp. | 94,511 | 1,467,756 |
Signature Bank | 2,864 | 378,248 |
SunTrust Banks, Inc. | 26,344 | 1,725,005 |
SVB Financial Group (A) | 2,986 | 751,636 |
Synovus Financial Corp. | 3,898 | 143,680 |
The PNC Financial Services Group, Inc. | 13,609 | 1,863,480 |
U.S. Bancorp | 43,464 | 2,317,500 |
Webster Financial Corp. | 989 | 52,546 |
Wells Fargo & Company | 120,352 | 5,826,240 |
Zions Bancorp NA | 13,210 | 651,649 |
Capital markets – 3.2% | ||
Affiliated Managers Group, Inc. | 3,484 | 386,445 |
Ameriprise Financial, Inc. | 12,726 | 1,867,795 |
BlackRock, Inc. | 2,412 | 1,170,399 |
Cboe Global Markets, Inc. | 5,283 | 536,806 |
CME Group, Inc. | 7,599 | 1,359,461 |
E*TRADE Financial Corp. | 16,228 | 822,110 |
FactSet Research Systems, Inc. | 2,440 | 673,123 |
Franklin Resources, Inc. | 20,947 | 724,557 |
Intercontinental Exchange, Inc. | 17,359 | 1,412,155 |
Invesco, Ltd. | 25,548 | 561,290 |
LPL Financial Holdings, Inc. | 2,232 | 165,369 |
MarketAxess Holdings, Inc. | 2,121 | 590,338 |
Moody's Corp. | 6,331 | 1,244,801 |
Morgan Stanley | 35,596 | 1,717,507 |
Morningstar, Inc. | 206 | 29,551 |
MSCI, Inc. | 6,208 | 1,399,159 |
Nasdaq, Inc. | 7,573 | 698,231 |
Northern Trust Corp. | 14,171 | 1,396,552 |
Raymond James Financial, Inc. | 8,466 | 775,232 |
S&P Global, Inc. | 10,723 | 2,366,137 |
SEI Investments Company | 10,938 | 595,574 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
State Street Corp. | 13,005 | $879,918 |
T. Rowe Price Group, Inc. | 15,422 | 1,657,865 |
TD Ameritrade Holding Corp. | 11,881 | 624,703 |
The Bank of New York Mellon Corp. | 36,863 | 1,830,617 |
The Charles Schwab Corp. | 32,610 | 1,492,886 |
The Goldman Sachs Group, Inc. | 9,323 | 1,919,792 |
Consumer finance – 1.0% | ||
Ally Financial, Inc. | 41,116 | 1,221,556 |
American Express Company | 20,738 | 2,431,116 |
Capital One Financial Corp. | 23,524 | 2,183,733 |
Credit Acceptance Corp. (A) | 403 | 199,977 |
Discover Financial Services | 22,669 | 1,847,297 |
Santander Consumer USA Holdings, Inc. | 9,392 | 200,519 |
Synchrony Financial | 40,571 | 1,406,597 |
Diversified financial services – 1.2% | ||
AXA Equitable Holdings, Inc. | 4,854 | 110,137 |
Berkshire Hathaway, Inc., Class B (A) | 44,845 | 9,718,360 |
Jefferies Financial Group, Inc. | 17,822 | 366,599 |
Voya Financial, Inc. | 10,425 | 572,228 |
Insurance – 3.6% | ||
Aflac, Inc. | 33,488 | 1,687,125 |
Alleghany Corp. (A) | 936 | 614,840 |
American Financial Group, Inc. | 5,410 | 560,097 |
American International Group, Inc. | 27,414 | 1,304,084 |
Aon PLC | 10,944 | 1,971,452 |
Arch Capital Group, Ltd. (A) | 19,966 | 674,451 |
Arthur J. Gallagher & Company | 10,697 | 894,483 |
Assurant, Inc. | 1,187 | 112,765 |
Athene Holding, Ltd., Class A (A) | 4,572 | 206,472 |
Brown & Brown, Inc. | 14,647 | 465,042 |
Chubb, Ltd. | 9,381 | 1,362,121 |
Cincinnati Financial Corp. | 9,566 | 920,058 |
CNA Financial Corp. | 2,108 | 97,664 |
Erie Indemnity Company, Class A | 1,426 | 269,970 |
Everest Re Group, Ltd. | 3,039 | 715,685 |
Fidelity National Financial, Inc. | 16,788 | 670,681 |
First American Financial Corp. | 4,074 | 232,462 |
Lincoln National Corp. | 17,709 | 1,181,544 |
Loews Corp. | 19,864 | 1,018,825 |
Markel Corp. (A) | 655 | 701,839 |
Marsh & McLennan Companies, Inc. | 16,597 | 1,564,931 |
MetLife, Inc. | 24,573 | 1,133,552 |
Old Republic International Corp. | 16,782 | 375,246 |
Principal Financial Group, Inc. | 22,935 | 1,310,965 |
Prudential Financial, Inc. | 16,279 | 1,720,853 |
Reinsurance Group of America, Inc. | 5,051 | 765,277 |
RenaissanceRe Holdings, Ltd. | 498 | 77,369 |
The Allstate Corp. | 14,094 | 1,396,152 |
The Hartford Financial Services Group, Inc. | 33,360 | 1,745,062 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 55 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Insurance (continued) | ||
The Progressive Corp. | 24,331 | $1,901,468 |
The Travelers Companies, Inc. | 15,589 | 2,240,919 |
Torchmark Corp. | 8,116 | 711,449 |
Unum Group | 20,571 | 759,481 |
W.R. Berkley Corp. | 11,139 | 682,821 |
Willis Towers Watson PLC | 6,856 | 1,263,835 |
Thrifts and mortgage finance – 0.0% | ||
New York Community Bancorp, Inc. | 6,243 | 72,606 |
Health care – 12.5% | 115,320,009 | |
Biotechnology – 1.8% | ||
AbbVie, Inc. | 31,812 | 2,525,555 |
Alexion Pharmaceuticals, Inc. (A) | 7,243 | 985,990 |
Alkermes PLC (A) | 5,543 | 168,064 |
Alnylam Pharmaceuticals, Inc. (A) | 1,881 | 168,049 |
Amgen, Inc. | 17,892 | 3,208,393 |
Biogen, Inc. (A) | 5,964 | 1,367,187 |
BioMarin Pharmaceutical, Inc. (A) | 6,281 | 537,214 |
Bluebird Bio, Inc. (A) | 1,057 | 149,914 |
Celgene Corp. (A) | 16,402 | 1,552,613 |
Exact Sciences Corp. (A) | 1,646 | 162,444 |
Exelixis, Inc. (A) | 11,370 | 223,534 |
Gilead Sciences, Inc. | 38,549 | 2,507,227 |
Incyte Corp. (A) | 5,308 | 407,654 |
Ionis Pharmaceuticals, Inc. (A) | 3,204 | 238,153 |
Moderna, Inc. (A)(B) | 762 | 19,835 |
Neurocrine Biosciences, Inc. (A) | 1,599 | 115,512 |
Regeneron Pharmaceuticals, Inc. (A) | 2,142 | 735,006 |
Sage Therapeutics, Inc. (A) | 907 | 152,585 |
Sarepta Therapeutics, Inc. (A) | 860 | 100,568 |
Seattle Genetics, Inc. (A) | 3,242 | 219,743 |
United Therapeutics Corp. (A) | 818 | 83,902 |
Vertex Pharmaceuticals, Inc. (A) | 6,171 | 1,042,776 |
Health care equipment and supplies – 3.1% | ||
Abbott Laboratories | 47,112 | 3,748,231 |
ABIOMED, Inc. (A) | 1,515 | 420,276 |
Align Technology, Inc. (A) | 3,538 | 1,148,718 |
Baxter International, Inc. | 18,026 | 1,375,384 |
Becton, Dickinson and Company | 7,445 | 1,792,309 |
Boston Scientific Corp. (A) | 38,765 | 1,438,957 |
Danaher Corp. | 15,424 | 2,042,755 |
DENTSPLY SIRONA, Inc. | 13,821 | 706,668 |
DexCom, Inc. (A) | 1,179 | 142,742 |
Edwards Lifesciences Corp. (A) | 6,620 | 1,165,583 |
Hill-Rom Holdings, Inc. | 2,167 | 219,777 |
Hologic, Inc. (A) | 21,173 | 982,004 |
ICU Medical, Inc. (A) | 191 | 43,453 |
IDEXX Laboratories, Inc. (A) | 5,718 | 1,326,576 |
Insulet Corp. (A) | 755 | 65,119 |
Intuitive Surgical, Inc. (A) | 2,391 | 1,220,916 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
Masimo Corp. (A) | 920 | $119,738 |
Medtronic PLC | 29,980 | 2,662,524 |
ResMed, Inc. | 8,781 | 917,702 |
STERIS PLC | 4,729 | 619,404 |
Stryker Corp. | 9,818 | 1,854,718 |
Teleflex, Inc. | 2,325 | 665,369 |
The Cooper Companies, Inc. | 2,766 | 801,919 |
Varian Medical Systems, Inc. (A) | 6,671 | 908,390 |
West Pharmaceutical Services, Inc. | 3,348 | 414,449 |
Zimmer Biomet Holdings, Inc. | 11,760 | 1,448,362 |
Health care providers and services – 3.0% | ||
AmerisourceBergen Corp. | 11,555 | 863,852 |
Anthem, Inc. | 9,458 | 2,487,738 |
Cardinal Health, Inc. | 20,230 | 985,403 |
Centene Corp. (A) | 23,828 | 1,228,572 |
Cigna Corp. | 18,012 | 2,861,026 |
CVS Health Corp. | 40,129 | 2,182,215 |
DaVita, Inc. (A) | 15,214 | 840,421 |
Encompass Health Corp. | 3,099 | 199,731 |
Guardant Health, Inc. (A)(B) | 196 | 12,840 |
HCA Healthcare, Inc. | 8,160 | 1,038,197 |
Henry Schein, Inc. (A)(B) | 13,083 | 838,097 |
Humana, Inc. | 6,034 | 1,541,144 |
Laboratory Corp. of America Holdings (A) | 9,384 | 1,500,689 |
McKesson Corp. | 10,468 | 1,248,309 |
Molina Healthcare, Inc. (A) | 1,614 | 209,223 |
Quest Diagnostics, Inc. | 15,424 | 1,486,565 |
UnitedHealth Group, Inc. | 25,997 | 6,059,121 |
Universal Health Services, Inc., Class B | 8,853 | 1,123,180 |
WellCare Health Plans, Inc. (A) | 2,989 | 772,208 |
Health care technology – 0.2% | ||
Cerner Corp. (A) | 21,540 | 1,431,333 |
Veeva Systems, Inc., Class A (A) | 3,432 | 480,034 |
Life sciences tools and services – 1.2% | ||
Agilent Technologies, Inc. | 20,992 | 1,647,872 |
Bio-Rad Laboratories, Inc., Class A (A) | 1,003 | 301,833 |
Bio-Techne Corp. | 648 | 132,574 |
Bruker Corp. | 1,399 | 54,001 |
Charles River Laboratories International, Inc. (A) | 1,658 | 232,899 |
Illumina, Inc. (A) | 4,534 | 1,414,608 |
IQVIA Holdings, Inc. (A) | 8,846 | 1,228,709 |
Mettler-Toledo International, Inc. (A) | 1,814 | 1,351,902 |
PerkinElmer, Inc. | 6,430 | 616,251 |
PRA Health Sciences, Inc. (A) | 1,287 | 124,607 |
Thermo Fisher Scientific, Inc. | 9,897 | 2,745,923 |
Waters Corp. (A) | 5,477 | 1,169,559 |
Pharmaceuticals – 3.2% | ||
Allergan PLC | 6,867 | 1,009,449 |
56 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Pharmaceuticals (continued) | ||
Bristol-Myers Squibb Company | 31,662 | $1,470,067 |
Catalent, Inc. (A) | 6,457 | 289,403 |
Elanco Animal Health, Inc. (A) | 15,457 | 486,896 |
Eli Lilly & Company | 19,997 | 2,340,449 |
Jazz Pharmaceuticals PLC (A) | 3,610 | 468,470 |
Johnson & Johnson | 64,546 | 9,113,895 |
Merck & Company, Inc. | 65,897 | 5,186,753 |
Mylan NV (A) | 30,499 | 823,168 |
Nektar Therapeutics (A) | 3,852 | 123,341 |
Perrigo Company PLC | 7,010 | 335,919 |
Pfizer, Inc. | 148,383 | 6,025,834 |
Zoetis, Inc. | 22,700 | 2,311,768 |
Industrials – 12.4% | 114,250,290 | |
Aerospace and defense – 2.4% | ||
Arconic, Inc. | 24,570 | 527,764 |
Curtiss-Wright Corp. | 1,041 | 118,612 |
General Dynamics Corp. | 7,239 | 1,293,754 |
Harris Corp. | 10,483 | 1,766,386 |
HEICO Corp. | 1,460 | 154,074 |
HEICO Corp., Class A | 2,873 | 256,932 |
Hexcel Corp. | 2,235 | 158,037 |
Huntington Ingalls Industries, Inc. | 2,983 | 663,956 |
L3 Technologies, Inc. | 5,751 | 1,257,054 |
Lockheed Martin Corp. | 6,280 | 2,093,312 |
Northrop Grumman Corp. | 5,550 | 1,609,001 |
Raytheon Company | 9,858 | 1,750,682 |
Spirit AeroSystems Holdings, Inc., Class A | 7,603 | 660,701 |
Teledyne Technologies, Inc. (A) | 1,346 | 334,494 |
Textron, Inc. | 18,900 | 1,001,700 |
The Boeing Company | 11,608 | 4,384,226 |
TransDigm Group, Inc. (A) | 2,549 | 1,229,943 |
United Technologies Corp. | 24,445 | 3,486,101 |
Air freight and logistics – 0.6% | ||
C.H. Robinson Worldwide, Inc. | 10,459 | 847,179 |
Expeditors International of Washington, Inc. | 12,433 | 987,429 |
FedEx Corp. | 8,513 | 1,612,873 |
United Parcel Service, Inc., Class B | 15,464 | 1,642,586 |
XPO Logistics, Inc. (A)(B) | 5,900 | 401,672 |
Airlines – 0.9% | ||
Alaska Air Group, Inc. | 9,824 | 608,106 |
American Airlines Group, Inc. | 30,037 | 1,026,665 |
Delta Air Lines, Inc. | 34,319 | 2,000,455 |
JetBlue Airways Corp. (A) | 18,655 | 346,050 |
Southwest Airlines Company | 29,324 | 1,590,241 |
United Continental Holdings, Inc. (A) | 27,556 | 2,448,626 |
Building products – 0.5% | ||
Allegion PLC | 5,917 | 587,144 |
AO Smith Corp. | 7,389 | 388,440 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Building products (continued) | ||
Fortune Brands Home & Security, Inc. | 9,708 | $512,388 |
Johnson Controls International PLC | 32,704 | 1,226,400 |
Lennox International, Inc. | 2,296 | 623,249 |
Masco Corp. | 16,973 | 662,965 |
Owens Corning | 7,751 | 397,394 |
Commercial services and supplies – 0.8% | ||
ADT, Inc. (B) | 6,052 | 39,883 |
Cintas Corp. | 6,793 | 1,475,032 |
Copart, Inc. (A) | 11,414 | 768,390 |
KAR Auction Services, Inc. | 9,244 | 522,101 |
Republic Services, Inc. | 22,950 | 1,900,719 |
Rollins, Inc. | 7,943 | 307,156 |
Waste Management, Inc. | 19,418 | 2,084,328 |
Construction and engineering – 0.1% | ||
Fluor Corp. | 12,675 | 503,578 |
Jacobs Engineering Group, Inc. | 7,954 | 619,935 |
Electrical equipment – 0.8% | ||
Acuity Brands, Inc. | 2,013 | 294,562 |
AMETEK, Inc. | 15,367 | 1,354,908 |
Eaton Corp. PLC | 17,460 | 1,446,037 |
Emerson Electric Company | 23,327 | 1,655,984 |
Hubbell, Inc. | 3,681 | 469,696 |
Rockwell Automation, Inc. | 9,097 | 1,643,919 |
Sensata Technologies Holding PLC (A) | 10,846 | 541,649 |
Industrial conglomerates – 1.1% | ||
3M Company | 14,747 | 2,794,704 |
Carlisle Companies, Inc. | 4,573 | 646,714 |
General Electric Company | 178,163 | 1,811,918 |
Honeywell International, Inc. | 18,205 | 3,160,934 |
Roper Technologies, Inc. | 4,405 | 1,584,479 |
Machinery – 2.8% | ||
Allison Transmission Holdings, Inc. | 9,312 | 436,360 |
Caterpillar, Inc. | 17,160 | 2,392,447 |
Cummins, Inc. | 9,285 | 1,544,003 |
Deere & Company | 14,481 | 2,398,488 |
Donaldson Company, Inc. | 8,944 | 478,862 |
Dover Corp. | 12,923 | 1,266,971 |
Flowserve Corp. | 10,266 | 503,342 |
Fortive Corp. | 16,726 | 1,444,123 |
Gardner Denver Holdings, Inc. (A) | 975 | 32,906 |
Graco, Inc. | 8,193 | 419,891 |
IDEX Corp. | 4,924 | 771,394 |
Illinois Tool Works, Inc. | 11,833 | 1,841,570 |
Ingersoll-Rand PLC | 19,439 | 2,383,416 |
Lincoln Electric Holdings, Inc. | 3,904 | 340,702 |
Nordson Corp. | 2,890 | 421,796 |
PACCAR, Inc. | 28,178 | 2,019,517 |
Parker-Hannifin Corp. | 10,239 | 1,854,078 |
Pentair PLC | 10,798 | 421,014 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 57 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Snap-on, Inc. | 4,032 | $678,505 |
Stanley Black & Decker, Inc. | 11,008 | 1,613,773 |
The Middleby Corp. (A) | 3,254 | 429,951 |
The Toro Company | 6,019 | 440,290 |
WABCO Holdings, Inc. (A) | 3,388 | 448,707 |
Wabtec Corp. | 6,108 | 452,420 |
Woodward, Inc. | 648 | 70,567 |
Xylem, Inc. | 10,365 | 864,441 |
Professional services – 0.7% | ||
CoStar Group, Inc. (A) | 1,550 | 769,188 |
Equifax, Inc. | 9,625 | 1,212,269 |
IHS Markit, Ltd. (A) | 11,625 | 665,648 |
ManpowerGroup, Inc. | 6,476 | 621,955 |
Nielsen Holdings PLC | 15,647 | 399,468 |
Robert Half International, Inc. | 8,878 | 551,235 |
TransUnion | 8,475 | 590,284 |
Verisk Analytics, Inc. | 9,847 | 1,389,806 |
Road and rail – 1.2% | ||
AMERCO | 553 | 206,363 |
CSX Corp. | 26,817 | 2,135,438 |
J.B. Hunt Transport Services, Inc. | 8,471 | 800,340 |
Kansas City Southern | 7,591 | 934,756 |
Norfolk Southern Corp. | 13,630 | 2,780,793 |
Old Dominion Freight Line, Inc. | 4,203 | 627,424 |
Union Pacific Corp. | 22,017 | 3,897,890 |
Trading companies and distributors – 0.5% | ||
Fastenal Company | 19,021 | 1,341,932 |
HD Supply Holdings, Inc. (A) | 11,377 | 519,815 |
United Rentals, Inc. (A) | 7,023 | 989,681 |
W.W. Grainger, Inc. | 4,664 | 1,315,248 |
Watsco, Inc. | 1,565 | 248,006 |
Information technology – 20.3% | 186,730,388 | |
Communications equipment – 1.1% | ||
Arista Networks, Inc. (A) | 1,714 | 535,265 |
Ciena Corp. (A) | 2,070 | 79,405 |
Cisco Systems, Inc. | 116,874 | 6,539,100 |
F5 Networks, Inc. (A) | 4,528 | 710,443 |
Juniper Networks, Inc. | 27,353 | 759,593 |
Motorola Solutions, Inc. | 9,839 | 1,425,769 |
Ubiquiti Networks, Inc. (B) | 500 | 85,225 |
Electronic equipment, instruments and components – 1.2% | ||
Amphenol Corp., Class A | 23,713 | 2,360,866 |
Arrow Electronics, Inc. (A) | 8,110 | 685,376 |
CDW Corp. | 9,258 | 977,645 |
Cognex Corp. | 5,174 | 260,925 |
Corning, Inc. | 60,163 | 1,916,192 |
Dolby Laboratories, Inc., Class A | 3,037 | 196,464 |
Flex, Ltd. (A) | 53,517 | 590,809 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Electronic equipment, instruments andcomponents (continued) | ||
FLIR Systems, Inc. | 5,518 | $292,123 |
IPG Photonics Corp. (A) | 1,718 | 300,186 |
Keysight Technologies, Inc. (A) | 9,936 | 864,730 |
National Instruments Corp. | 3,772 | 177,661 |
TE Connectivity, Ltd. | 17,474 | 1,671,388 |
Trimble, Inc. (A) | 14,508 | 592,217 |
Zebra Technologies Corp., Class A (A) | 2,189 | 462,185 |
IT services – 5.2% | ||
Accenture PLC, Class A | 17,135 | 3,130,050 |
Akamai Technologies, Inc. (A) | 11,772 | 942,466 |
Alliance Data Systems Corp. | 4,415 | 706,842 |
Amdocs, Ltd. | 12,365 | 681,064 |
Automatic Data Processing, Inc. | 12,660 | 2,081,177 |
Black Knight, Inc. (A) | 6,918 | 390,314 |
Booz Allen Hamilton Holding Corp. | 6,970 | 413,251 |
Broadridge Financial Solutions, Inc. | 7,558 | 892,827 |
Cognizant Technology Solutions Corp., Class A | 21,962 | 1,602,348 |
DXC Technology Company | 15,733 | 1,034,287 |
EPAM Systems, Inc. (A) | 1,496 | 268,323 |
Euronet Worldwide, Inc. (A) | 745 | 111,668 |
Fidelity National Information Services, Inc. | 16,098 | 1,866,241 |
First Data Corp., Class A (A) | 25,775 | 666,542 |
Fiserv, Inc. (A) | 18,706 | 1,631,911 |
FleetCor Technologies, Inc. (A) | 5,269 | 1,374,946 |
Gartner, Inc. (A) | 4,953 | 787,378 |
Genpact, Ltd. | 7,518 | 272,903 |
Global Payments, Inc. | 8,602 | 1,256,494 |
GoDaddy, Inc., Class A (A) | 4,402 | 358,763 |
IBM Corp. | 24,183 | 3,392,149 |
Jack Henry & Associates, Inc. | 4,928 | 734,568 |
Leidos Holdings, Inc. | 8,958 | 658,234 |
Mastercard, Inc., Class A | 23,338 | 5,933,453 |
Okta, Inc. (A) | 1,162 | 120,883 |
Paychex, Inc. | 20,173 | 1,700,786 |
PayPal Holdings, Inc. (A) | 23,547 | 2,655,395 |
Sabre Corp. | 15,821 | 328,444 |
Square, Inc., Class A (A) | 5,271 | 383,834 |
The Western Union Company | 32,844 | 638,487 |
Total System Services, Inc. | 13,465 | 1,376,662 |
Twilio, Inc., Class A (A) | 1,557 | 213,527 |
VeriSign, Inc. (A) | 5,934 | 1,171,668 |
Visa, Inc., Class A | 39,441 | 6,485,284 |
WEX, Inc. (A) | 1,352 | 284,326 |
Worldpay, Inc., Class A (A) | 10,827 | 1,269,033 |
Semiconductors and semiconductor equipment – 4.0% | ||
Advanced Micro Devices, Inc. (A) | 29,578 | 817,240 |
Analog Devices, Inc. | 17,322 | 2,013,509 |
Applied Materials, Inc. | 39,639 | 1,746,891 |
58 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Semiconductors and semiconductor equipment (continued) | ||
Broadcom, Inc. | 9,767 | $3,109,813 |
Cree, Inc. (A) | 1,602 | 105,876 |
Cypress Semiconductor Corp. | 11,148 | 191,523 |
First Solar, Inc. (A) | 1,052 | 64,730 |
Intel Corp. | 138,203 | 7,053,881 |
KLA-Tencor Corp. | 6,215 | 792,288 |
Lam Research Corp. | 9,526 | 1,975,978 |
Marvell Technology Group, Ltd. | 34,232 | 856,485 |
Maxim Integrated Products, Inc. | 19,722 | 1,183,320 |
Microchip Technology, Inc. (B) | 14,630 | 1,461,391 |
Micron Technology, Inc. (A) | 60,806 | 2,557,500 |
Monolithic Power Systems, Inc. | 580 | 90,312 |
NVIDIA Corp. | 11,820 | 2,139,420 |
ON Semiconductor Corp. (A) | 25,960 | 598,638 |
Qorvo, Inc. (A) | 7,474 | 565,109 |
QUALCOMM, Inc. | 38,725 | 3,335,384 |
Skyworks Solutions, Inc. | 13,026 | 1,148,633 |
Teradyne, Inc. | 11,031 | 540,519 |
Texas Instruments, Inc. | 26,245 | 3,092,448 |
Universal Display Corp. (B) | 295 | 47,082 |
Xilinx, Inc. | 8,060 | 968,328 |
Software – 5.1% | ||
Adobe, Inc. (A) | 8,647 | 2,501,145 |
ANSYS, Inc. (A) | 5,042 | 987,224 |
Aspen Technology, Inc. (A) | 1,768 | 215,537 |
Atlassian Corp. PLC, Class A (A) | 2,729 | 300,599 |
Autodesk, Inc. (A) | 5,724 | 1,020,074 |
Cadence Design Systems, Inc. (A) | 15,840 | 1,098,979 |
CDK Global, Inc. | 7,911 | 477,192 |
Ceridian HCM Holding, Inc. (A) | 303 | 16,104 |
Citrix Systems, Inc. | 10,173 | 1,027,066 |
Coupa Software, Inc. (A) | 312 | 32,239 |
DocuSign, Inc. (A) | 890 | 50,436 |
Dropbox, Inc., Class A (A) | 1,639 | 39,959 |
Fair Isaac Corp. (A) | 698 | 195,266 |
Fortinet, Inc. (A) | 4,873 | 455,236 |
Guidewire Software, Inc. (A) | 2,504 | 266,676 |
HubSpot, Inc. (A) | 274 | 50,550 |
Intuit, Inc. | 6,966 | 1,748,884 |
Microsoft Corp. | 154,579 | 20,188,017 |
New Relic, Inc. (A) | 284 | 29,888 |
Nutanix, Inc., Class A (A) | 2,197 | 94,888 |
Oracle Corp. | 83,436 | 4,616,514 |
Palo Alto Networks, Inc. (A) | 2,946 | 733,053 |
Paycom Software, Inc. (A) | 1,478 | 299,339 |
Pivotal Software, Inc., Class A (A) | 1,398 | 30,337 |
Proofpoint, Inc. (A) | 691 | 86,665 |
PTC, Inc. (A) | 3,943 | 356,723 |
RealPage, Inc. (A) | 853 | 55,624 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
Red Hat, Inc. (A) | 5,632 | $1,028,009 |
RingCentral, Inc., Class A (A) | 891 | 103,686 |
salesforce.com, Inc. (A) | 10,488 | 1,734,191 |
ServiceNow, Inc. (A) | 4,643 | 1,260,621 |
SolarWinds Corp. (A) | 758 | 14,819 |
Splunk, Inc. (A) | 4,614 | 636,917 |
SS&C Technologies Holdings, Inc. | 12,317 | 833,368 |
Symantec Corp. | 45,105 | 1,091,992 |
Synopsys, Inc. (A) | 9,524 | 1,153,166 |
Tableau Software, Inc., Class A (A) | 1,655 | 201,596 |
Teradata Corp. (A) | 993 | 45,152 |
The Trade Desk, Inc., Class A (A) | 572 | 126,687 |
Tyler Technologies, Inc. (A) | 1,542 | 357,605 |
VMware, Inc., Class A | 2,187 | 446,432 |
Workday, Inc., Class A (A) | 3,808 | 783,039 |
Zendesk, Inc. (A) | 1,406 | 123,419 |
Zscaler, Inc. (A) | 298 | 20,356 |
Technology hardware, storage and peripherals – 3.7% | ||
Apple, Inc. | 132,811 | 26,651,183 |
Dell Technologies, Inc., Class C (A) | 7,396 | 498,564 |
Hewlett Packard Enterprise Company | 76,488 | 1,209,275 |
HP, Inc. | 56,988 | 1,136,911 |
NetApp, Inc. | 20,043 | 1,460,133 |
Seagate Technology PLC | 26,108 | 1,261,539 |
Western Digital Corp. | 24,092 | 1,231,583 |
Xerox Corp. | 17,672 | 589,538 |
Materials – 3.5% | 32,207,664 | |
Chemicals – 2.0% | ||
Air Products & Chemicals, Inc. | 7,680 | 1,580,467 |
Albemarle Corp. (B) | 6,802 | 510,558 |
Axalta Coating Systems, Ltd. (A) | 12,928 | 348,797 |
Celanese Corp. | 10,569 | 1,140,289 |
CF Industries Holdings, Inc. | 19,131 | 856,686 |
Dow, Inc. (A) | 14,043 | 796,659 |
DowDuPont, Inc. | 42,134 | 1,620,052 |
Eastman Chemical Company | 12,780 | 1,008,086 |
Ecolab, Inc. | 8,887 | 1,635,919 |
FMC Corp. | 8,453 | 668,294 |
Huntsman Corp. | 11,963 | 266,057 |
International Flavors & Fragrances, Inc. (B) | 5,452 | 751,231 |
Linde PLC | 10,144 | 1,828,557 |
LyondellBasell Industries NV, Class A | 12,211 | 1,077,377 |
PPG Industries, Inc. | 12,872 | 1,512,460 |
RPM International, Inc. | 9,185 | 557,070 |
The Chemours Company | 6,013 | 216,528 |
The Mosaic Company | 22,058 | 575,934 |
The Sherwin-Williams Company | 3,298 | 1,500,029 |
Westlake Chemical Corp. | 2,476 | 172,701 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 59 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Construction materials – 0.2% | ||
Martin Marietta Materials, Inc. | 3,916 | $868,960 |
Vulcan Materials Company | 8,140 | 1,026,535 |
Containers and packaging – 0.7% | ||
AptarGroup, Inc. | 3,164 | 351,963 |
Avery Dennison Corp. | 5,110 | 565,422 |
Ball Corp. | 23,238 | 1,392,886 |
Berry Global Group, Inc. (A) | 7,597 | 446,704 |
Crown Holdings, Inc. (A) | 8,806 | 511,893 |
International Paper Company | 33,700 | 1,577,497 |
Packaging Corp. of America | 7,214 | 715,340 |
Sealed Air Corp. | 11,752 | 547,878 |
Sonoco Products Company | 1,418 | 89,419 |
WestRock Company | 13,200 | 506,616 |
Metals and mining – 0.6% | ||
Alcoa Corp. (A) | 10,888 | 290,492 |
Freeport-McMoRan, Inc. | 97,247 | 1,197,111 |
Newmont Gold Corp. | 30,859 | 958,481 |
Nucor Corp. | 23,968 | 1,367,854 |
Reliance Steel & Aluminum Company | 5,407 | 497,228 |
Royal Gold, Inc. | 563 | 49,015 |
Southern Copper Corp. | 3,292 | 126,479 |
Steel Dynamics, Inc. | 15,661 | 496,140 |
Real estate – 3.5% | 32,413,034 | |
Equity real estate investment trusts – 3.3% | ||
Alexandria Real Estate Equities, Inc. | 4,356 | 620,251 |
American Campus Communities, Inc. | 5,211 | 245,959 |
American Homes 4 Rent, Class A | 8,808 | 211,216 |
American Tower Corp. | 9,148 | 1,786,604 |
Apartment Investment & Management Company, Class A | 7,256 | 358,156 |
AvalonBay Communities, Inc. | 6,123 | 1,230,294 |
Boston Properties, Inc. | 7,041 | 968,982 |
Camden Property Trust | 4,157 | 418,402 |
Crown Castle International Corp. | 10,230 | 1,286,729 |
CubeSmart | 1,772 | 56,545 |
CyrusOne, Inc. | 984 | 54,799 |
Digital Realty Trust, Inc. | 8,214 | 966,870 |
Douglas Emmett, Inc. | 6,055 | 249,405 |
Duke Realty Corp. | 16,399 | 510,337 |
EPR Properties | 710 | 55,991 |
Equinix, Inc. | 2,145 | 975,332 |
Equity LifeStyle Properties, Inc. | 3,564 | 415,919 |
Equity Residential | 15,733 | 1,202,316 |
Essex Property Trust, Inc. | 3,010 | 850,325 |
Extra Space Storage, Inc. | 5,604 | 581,079 |
Federal Realty Investment Trust | 3,312 | 443,311 |
Gaming and Leisure Properties, Inc. | 8,182 | 330,389 |
HCP, Inc. | 21,197 | 631,247 |
Healthcare Trust of America, Inc., Class A | 4,583 | 126,399 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Host Hotels & Resorts, Inc. | 34,267 | $659,297 |
Invitation Homes, Inc. | 7,743 | 192,491 |
Iron Mountain, Inc. | 12,325 | 400,316 |
Kilroy Realty Corp. | 4,448 | 342,096 |
Kimco Realty Corp. | 18,756 | 326,167 |
Lamar Advertising Company, Class A | 3,521 | 291,081 |
Liberty Property Trust | 6,795 | 337,304 |
Medical Properties Trust, Inc. | 3,554 | 62,053 |
MGM Growth Properties LLC, Class A | 3,006 | 96,974 |
Mid-America Apartment Communities, Inc. | 4,577 | 500,770 |
National Retail Properties, Inc. | 6,634 | 349,081 |
Omega Healthcare Investors, Inc. | 8,411 | 297,665 |
Park Hotels & Resorts, Inc. | 6,391 | 205,023 |
Prologis, Inc. | 16,718 | 1,281,769 |
Public Storage | 3,556 | 786,516 |
Realty Income Corp. | 12,507 | 875,615 |
Regency Centers Corp. | 5,698 | 382,735 |
SBA Communications Corp. (A) | 6,764 | 1,378,030 |
Simon Property Group, Inc. | 6,763 | 1,174,733 |
SL Green Realty Corp. | 4,529 | 400,092 |
STORE Capital Corp. | 3,333 | 111,056 |
Sun Communities, Inc. | 3,054 | 375,886 |
The Macerich Company | 6,499 | 260,870 |
UDR, Inc. | 12,331 | 554,278 |
Ventas, Inc. | 14,913 | 911,333 |
VEREIT, Inc. | 39,315 | 324,742 |
VICI Properties, Inc. | 7,815 | 178,182 |
Vornado Realty Trust | 8,135 | 562,454 |
Welltower, Inc. | 14,802 | 1,103,193 |
Weyerhaeuser Company | 45,299 | 1,214,013 |
WP Carey, Inc. | 5,430 | 430,708 |
Real estate management and development – 0.2% | ||
CBRE Group, Inc., Class A (A) | 19,892 | 1,035,776 |
Jones Lang LaSalle, Inc. | 2,807 | 433,878 |
Utilities – 4.4% | 40,845,848 | |
Electric utilities – 2.4% | ||
Alliant Energy Corp. | 14,989 | 707,930 |
American Electric Power Company, Inc. | 24,113 | 2,062,867 |
Avangrid, Inc. | 2,277 | 116,605 |
Duke Energy Corp. | 17,602 | 1,603,894 |
Edison International | 26,519 | 1,691,117 |
Entergy Corp. | 15,401 | 1,492,357 |
Evergy, Inc. | 14,900 | 861,518 |
Eversource Energy | 21,444 | 1,536,677 |
Exelon Corp. | 46,305 | 2,359,240 |
FirstEnergy Corp. | 31,218 | 1,312,093 |
NextEra Energy, Inc. | 10,116 | 1,966,955 |
OGE Energy Corp. | 14,841 | 628,368 |
Pinnacle West Capital Corp. | 9,211 | 877,532 |
60 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Electric utilities (continued) | ||
PPL Corp. | 43,501 | $1,357,666 |
The Southern Company | 30,855 | 1,642,103 |
Xcel Energy, Inc. | 39,713 | 2,243,785 |
Gas utilities – 0.2% | ||
Atmos Energy Corp. | 6,267 | 641,365 |
UGI Corp. | 12,697 | 692,113 |
Independent power and renewable electricity producers –0.2% | ||
AES Corp. | 54,512 | 933,245 |
NRG Energy, Inc. | 12,802 | 527,058 |
Vistra Energy Corp. | 11,413 | 311,004 |
Multi-utilities – 1.5% | ||
Ameren Corp. | 20,306 | 1,477,668 |
CenterPoint Energy, Inc. | 33,734 | 1,045,754 |
CMS Energy Corp. | 18,619 | 1,034,285 |
Consolidated Edison, Inc. | 21,971 | 1,893,021 |
Dominion Energy, Inc. | 21,727 | 1,691,881 |
DTE Energy Company | 13,174 | 1,656,104 |
MDU Resources Group, Inc. | 9,031 | 236,161 |
NiSource, Inc. | 28,748 | 798,619 |
Public Service Enterprise Group, Inc. | 29,460 | 1,757,289 |
Sempra Energy | 7,524 | 962,696 |
WEC Energy Group, Inc. | 17,897 | 1,403,662 |
Water utilities – 0.1% | ||
American Water Works Company, Inc. | 10,004 | 1,082,333 |
Aqua America, Inc. | 6,167 | 240,883 |
SECURITIES LENDING COLLATERAL – 0.4% | $4,260,052 | |
(Cost $4,259,972) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 425,699 | 4,260,052 |
SHORT-TERM INVESTMENTS – 0.1% | $617,930 | |
(Cost $617,930) | ||
Money market funds – 0.1% | 617,930 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 617,930 | 617,930 |
Total investments (Multifactor Large Cap ETF) (Cost $820,786,795) 100.5% | $926,196,752 | |
Other assets and liabilities, net (0.5%) | (4,411,704) | |
Total net assets 100.0% | $921,785,048 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $22,742,244 | |
(Cost $22,292,344) | ||
Industrials – 2.7% | 626,929 | |
Building products – 2.6% | ||
Masco Corp. | 10,667 | 416,653 |
Trex Company, Inc. (A) | 2,725 | 188,761 |
Electrical equipment – 0.1% | ||
GrafTech International, Ltd. | 1,879 | 21,515 |
Information technology – 1.1% | 253,804 | |
Semiconductors and semiconductor equipment – 1.1% | ||
Versum Materials, Inc. | 4,864 | 253,804 |
Materials – 96.1% | 21,861,511 | |
Chemicals – 52.7% | ||
Air Products & Chemicals, Inc. | 4,261 | 876,871 |
Albemarle Corp. | 4,889 | 366,968 |
Ashland Global Holdings, Inc. | 2,528 | 203,580 |
Axalta Coating Systems, Ltd. (A) | 9,356 | 252,425 |
Celanese Corp. | 5,735 | 618,749 |
CF Industries Holdings, Inc. | 10,317 | 461,995 |
Dow, Inc. (A) | 6,887 | 390,700 |
DowDuPont, Inc. | 20,678 | 795,069 |
Eastman Chemical Company | 7,291 | 575,114 |
FMC Corp. | 5,318 | 420,441 |
Huntsman Corp. | 11,461 | 254,893 |
Ingevity Corp. (A) | 1,878 | 215,989 |
International Flavors & Fragrances, Inc. | 3,384 | 466,281 |
Linde PLC | 7,694 | 1,386,923 |
LyondellBasell Industries NV, Class A | 7,901 | 697,105 |
NewMarket Corp. | 411 | 172,447 |
Olin Corp. | 10,339 | 224,253 |
PPG Industries, Inc. | 8,661 | 1,017,668 |
RPM International, Inc. | 4,668 | 283,114 |
The Chemours Company | 7,333 | 264,061 |
The Mosaic Company | 18,429 | 481,181 |
The Scotts Miracle-Gro Company | 1,944 | 165,279 |
The Sherwin-Williams Company | 1,946 | 885,099 |
Valvoline, Inc. | 7,078 | 130,943 |
W.R. Grace & Company | 2,718 | 205,426 |
Westlake Chemical Corp. | 2,525 | 176,119 |
Construction materials – 5.8% | ||
Martin Marietta Materials, Inc. | 2,719 | 603,346 |
Vulcan Materials Company | 5,640 | 711,260 |
Containers and packaging – 20.2% | ||
AptarGroup, Inc. | 2,735 | 304,241 |
Avery Dennison Corp. | 3,594 | 397,676 |
Ball Corp. | 13,165 | 789,110 |
Bemis Company, Inc. | 4,529 | 260,055 |
Berry Global Group, Inc. (A) | 7,281 | 428,123 |
Crown Holdings, Inc. (A) | 6,295 | 365,928 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 61 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Containers and packaging (continued) | ||
International Paper Company | 20,157 | $943,549 |
Packaging Corp. of America | 5,291 | 524,656 |
Sealed Air Corp. | 5,638 | 262,844 |
Sonoco Products Company | 4,958 | 312,651 |
Metals and mining – 17.4% | ||
Alcoa Corp. (A) | 11,241 | 299,910 |
Freeport-McMoRan, Inc. | 65,115 | 801,566 |
Newmont Gold Corp. | 23,582 | 732,457 |
Nucor Corp. | 15,703 | 896,170 |
Reliance Steel & Aluminum Company | 4,040 | 371,518 |
Royal Gold, Inc. | 2,314 | 201,457 |
Southern Copper Corp. | 2,619 | 100,622 |
Steel Dynamics, Inc. | 11,846 | 375,281 |
United States Steel Corp. | 12,205 | 190,398 |
SHORT-TERM INVESTMENTS – 0.1% | $18,759 | |
(Cost $18,759) | ||
Money market funds – 0.1% | 18,759 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (B) | 18,759 | 18,759 |
Total investments (Multifactor Materials ETF) (Cost $22,311,103) 100.0% | $22,761,003 | |
Other assets and liabilities, net (0.0%) | (6,798) | |
Total net assets 100.0% | $22,754,205 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | The rate shown is the annualized seven-day yield as of 4-30-19. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $23,581,882 | |
(Cost $23,525,998) | ||
Communication services – 91.6% | 21,608,912 | |
Diversified telecommunication services – 14.0% | ||
AT&T, Inc. | 41,033 | 1,270,382 |
CenturyLink, Inc. | 41,014 | 468,380 |
Verizon Communications, Inc. | 23,232 | 1,328,638 |
Zayo Group Holdings, Inc. (A) | 7,832 | 245,063 |
Entertainment – 23.0% | ||
Activision Blizzard, Inc. | 8,900 | 429,069 |
Electronic Arts, Inc. (A) | 3,293 | 311,682 |
Liberty Media Corp.-Liberty Formula One, Series A (A) | 979 | 36,967 |
Liberty Media Corp.-Liberty Formula One, Series C (A) | 6,230 | 241,786 |
Live Nation Entertainment, Inc. (A) | 3,665 | 239,471 |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Entertainment (continued) | ||
Netflix, Inc. (A) | 3,201 | $1,186,099 |
Take-Two Interactive Software, Inc. (A) | 2,581 | 249,918 |
The Walt Disney Company | 13,900 | 1,903,883 |
Viacom, Inc., Class A | 534 | 18,503 |
Viacom, Inc., Class B | 16,999 | 491,441 |
World Wrestling Entertainment, Inc., Class A | 1,424 | 119,402 |
Zynga, Inc., Class A (A) | 36,030 | 203,930 |
Interactive media and services – 19.5% | ||
Alphabet, Inc., Class A (A) | 565 | 677,412 |
Alphabet, Inc., Class C (A) | 620 | 736,858 |
ANGI Homeservices, Inc., Class A (A) | 1,602 | 27,843 |
CarGurus, Inc. (A) | 1,068 | 43,510 |
Facebook, Inc., Class A (A) | 8,194 | 1,584,720 |
InterActiveCorp (A) | 1,340 | 301,286 |
Match Group, Inc. | 1,602 | 96,761 |
Snap, Inc., Class A (A) | 9,063 | 100,962 |
TripAdvisor, Inc. (A) | 2,492 | 132,649 |
Twitter, Inc. (A) | 18,097 | 722,251 |
Zillow Group, Inc., Class A (A) | 1,513 | 50,247 |
Zillow Group, Inc., Class C (A) | 3,382 | 112,959 |
Media – 31.9% | ||
Altice USA, Inc., Class A | 20,633 | 486,113 |
Cable One, Inc. | 173 | 183,472 |
CBS Corp., Class B | 10,413 | 533,875 |
Charter Communications, Inc., Class A (A) | 2,225 | 825,898 |
Comcast Corp., Class A | 34,186 | 1,488,117 |
Discovery, Inc., Series A (A) | 5,251 | 162,256 |
Discovery, Inc., Series C (A) | 9,864 | 283,689 |
DISH Network Corp., Class A (A) | 10,770 | 378,242 |
Fox Corp., Class A (A) | 3,112 | 121,337 |
Fox Corp., Class B (A) | 1,322 | 50,897 |
GCI Liberty, Inc., Class A (A) | 3,115 | 185,716 |
Liberty Broadband Corp., Series A (A) | 812 | 79,893 |
Liberty Broadband Corp., Series C (A) | 3,289 | 324,657 |
Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 2,759 | 110,194 |
Liberty Media Corp.-Liberty SiriusXM, Series C (A) | 5,251 | 210,880 |
News Corp., Class A | 12,282 | 152,542 |
News Corp., Class B | 3,916 | 48,911 |
Nexstar Media Group, Inc., Class A | 3,204 | 375,028 |
Omnicom Group, Inc. | 6,764 | 541,323 |
Sirius XM Holdings, Inc. | 49,113 | 285,347 |
The Interpublic Group of Companies, Inc. | 17,889 | 411,447 |
The New York Times Company, Class A | 3,827 | 126,865 |
Tribune Media Company, Class A | 3,649 | 168,584 |
Wireless telecommunication services – 3.2% | ||
Sprint Corp. (A) | 48,322 | 269,637 |
T-Mobile US, Inc. (A) | 6,055 | 441,954 |
62 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Wireless telecommunication services (continued) | ||
United States Cellular Corp. (A) | 623 | $29,966 |
Consumer discretionary – 2.2% | 522,820 | |
Household durables – 0.3% | ||
Roku, Inc. (A) | 1,157 | 73,574 |
Internet and direct marketing retail – 1.9% | ||
Etsy, Inc. (A) | 2,047 | 138,254 |
Qurate Retail, Inc. (A) | 18,240 | 310,992 |
Industrials – 2.3% | 553,775 | |
Professional services – 2.3% | ||
CoStar Group, Inc. (A) | 626 | 310,653 |
Nielsen Holdings PLC | 9,523 | 243,122 |
Information technology – 3.8% | 896,375 | |
Communications equipment – 1.2% | ||
EchoStar Corp., Class A (A) | 1,424 | 56,746 |
ViaSat, Inc. (A) | 2,492 | 226,323 |
IT services – 1.2% | ||
Alliance Data Systems Corp. | 1,786 | 285,939 |
Software – 1.4% | ||
HubSpot, Inc. (A) | 712 | 131,357 |
The Trade Desk, Inc., Class A (A) | 885 | 196,010 |
Total investments (Multifactor Media And Communications ETF) (Cost $23,525,998) 99.9% | $23,581,882 | |
Other assets and liabilities, net 0.1% | 14,738 | |
Total net assets 100.0% | $23,596,620 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
Shares or Principal Amount | Value | |
COMMON STOCKS – 99.9% | $1,029,067,322 | |
(Cost $944,332,851) | ||
Communication services – 3.3% | 34,022,188 | |
Diversified telecommunication services – 0.3% | ||
CenturyLink, Inc. | 139,897 | 1,597,624 |
Zayo Group Holdings, Inc. (A) | 39,723 | 1,242,933 |
Entertainment – 0.9% | ||
Cinemark Holdings, Inc. | 30,342 | 1,275,881 |
Liberty Media Corp.-Liberty Formula One, Series A (A) | 2,621 | 98,969 |
Liberty Media Corp.-Liberty Formula One, Series C (A) | 40,219 | 1,560,899 |
Live Nation Entertainment, Inc. (A) | 21,733 | 1,420,034 |
Take-Two Interactive Software, Inc. (A) | 15,263 | 1,477,916 |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Entertainment (continued) | ||
The Madison Square Garden Company, Class A (A) | 4,634 | $1,447,847 |
Viacom, Inc., Class A | 725 | 25,121 |
Viacom, Inc., Class B | 52,576 | 1,519,972 |
World Wrestling Entertainment, Inc., Class A | 5,154 | 432,163 |
Zynga, Inc., Class A (A) | 76,206 | 431,326 |
Interactive media and services – 0.6% | ||
ANGI Homeservices, Inc., Class A (A) | 6,720 | 116,794 |
CarGurus, Inc. (A)(B) | 5,647 | 230,059 |
InterActiveCorp (A) | 12,475 | 2,804,879 |
Match Group, Inc. (B) | 8,913 | 538,345 |
TripAdvisor, Inc. (A) | 19,728 | 1,050,121 |
Twitter, Inc. (A) | 26,078 | 1,040,773 |
Zillow Group, Inc., Class A (A) | 6,010 | 199,592 |
Zillow Group, Inc., Class C (A)(B) | 13,677 | 456,812 |
Media – 1.5% | ||
Altice USA, Inc., Class A | 35,890 | 845,568 |
Cable One, Inc. | 760 | 806,003 |
Discovery, Inc., Series A (A) | 17,851 | 551,596 |
Discovery, Inc., Series C (A) | 32,414 | 932,227 |
DISH Network Corp., Class A (A) | 20,697 | 726,879 |
GCI Liberty, Inc., Class A (A) | 17,301 | 1,031,486 |
Liberty Broadband Corp., Series A (A) | 3,306 | 325,277 |
Liberty Broadband Corp., Series C (A) | 12,451 | 1,229,038 |
Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 16,190 | 646,629 |
Liberty Media Corp.-Liberty SiriusXM, Series C (A) | 11,615 | 466,458 |
News Corp., Class A | 90,849 | 1,128,345 |
News Corp., Class B | 26,016 | 324,940 |
Nexstar Media Group, Inc., Class A | 7,753 | 907,489 |
Omnicom Group, Inc. | 29,817 | 2,386,255 |
The Interpublic Group of Companies, Inc. | 101,760 | 2,340,480 |
The New York Times Company, Class A | 12,231 | 405,458 |
Consumer discretionary – 11.8% | 121,340,311 | |
Auto components – 1.0% | ||
Aptiv PLC | 21,631 | 1,853,777 |
Autoliv, Inc. | 17,909 | 1,405,677 |
BorgWarner, Inc. | 34,798 | 1,453,512 |
Gentex Corp. | 66,159 | 1,523,642 |
Lear Corp. | 17,445 | 2,494,635 |
The Goodyear Tire & Rubber Company | 83,884 | 1,611,412 |
Automobiles – 0.2% | ||
Harley-Davidson, Inc. | 47,410 | 1,765,074 |
Distributors – 0.5% | ||
Genuine Parts Company | 25,584 | 2,623,383 |
LKQ Corp. (A) | 42,469 | 1,278,317 |
Pool Corp. | 8,251 | 1,516,039 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 63 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Diversified consumer services – 0.7% | ||
Bright Horizons Family Solutions, Inc. (A) | 8,779 | $1,125,029 |
Chegg, Inc. (A) | 5,705 | 203,383 |
Grand Canyon Education, Inc. (A) | 7,492 | 868,248 |
H&R Block, Inc. | 38,017 | 1,034,443 |
Service Corp. International | 54,443 | 2,265,373 |
ServiceMaster Global Holdings, Inc. (A) | 30,561 | 1,498,406 |
Hotels, restaurants and leisure – 2.1% | ||
Aramark | 64,529 | 2,005,561 |
Caesars Entertainment Corp. (A) | 8,216 | 76,902 |
Chipotle Mexican Grill, Inc. (A) | 3,106 | 2,137,052 |
Choice Hotels International, Inc. (B) | 4,163 | 345,696 |
Darden Restaurants, Inc. | 22,048 | 2,592,845 |
Domino's Pizza, Inc. | 5,735 | 1,551,776 |
Dunkin' Brands Group, Inc. | 19,642 | 1,465,882 |
Hyatt Hotels Corp., Class A | 7,906 | 606,627 |
MGM Resorts International | 66,567 | 1,772,679 |
Norwegian Cruise Line Holdings, Ltd. (A) | 28,672 | 1,616,814 |
Planet Fitness, Inc., Class A (A) | 9,674 | 732,322 |
Six Flags Entertainment Corp. | 13,759 | 730,465 |
Texas Roadhouse, Inc. | 9,525 | 514,445 |
Vail Resorts, Inc. | 7,353 | 1,682,734 |
Wyndham Destinations, Inc. | 18,740 | 816,314 |
Wyndham Hotels & Resorts, Inc. | 20,235 | 1,127,494 |
Wynn Resorts, Ltd. | 9,880 | 1,427,166 |
Household durables – 1.7% | ||
D.R. Horton, Inc. | 54,991 | 2,436,651 |
Garmin, Ltd. | 16,800 | 1,440,432 |
Leggett & Platt, Inc. | 33,099 | 1,302,777 |
Lennar Corp., A Shares | 39,234 | 2,041,345 |
Lennar Corp., B Shares | 2,478 | 103,382 |
Mohawk Industries, Inc. (A) | 9,436 | 1,285,655 |
NVR, Inc. (A) | 776 | 2,446,324 |
PulteGroup, Inc. | 72,678 | 2,286,450 |
Roku, Inc. (A) | 4,795 | 304,914 |
Toll Brothers, Inc. | 33,193 | 1,264,653 |
Whirlpool Corp. | 15,373 | 2,134,080 |
Internet and direct marketing retail – 0.5% | ||
Etsy, Inc. (A) | 12,161 | 821,354 |
Expedia Group, Inc. | 13,305 | 1,727,521 |
GrubHub, Inc. (A) | 11,455 | 765,079 |
Qurate Retail, Inc. (A) | 90,108 | 1,536,341 |
Wayfair, Inc., Class A (A) | 3,865 | 626,710 |
Leisure products – 0.5% | ||
Brunswick Corp. | 20,612 | 1,055,541 |
Hasbro, Inc. | 18,353 | 1,869,437 |
Mattel, Inc. (A)(B) | 59,089 | 720,295 |
Polaris Industries, Inc. | 11,913 | 1,148,413 |
Multiline retail – 1.0% | ||
Dollar Tree, Inc. (A) | 33,576 | 3,736,337 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Multiline retail (continued) | ||
Kohl's Corp. | 42,578 | $3,027,296 |
Macy's, Inc. | 84,870 | 1,997,840 |
Nordstrom, Inc. (B) | 27,745 | 1,138,100 |
Ollie's Bargain Outlet Holdings, Inc. (A) | 5,112 | 488,912 |
Specialty retail – 2.3% | ||
Advance Auto Parts, Inc. | 10,759 | 1,789,437 |
AutoZone, Inc. (A) | 1,154 | 1,186,670 |
Best Buy Company, Inc. | 46,164 | 3,435,063 |
Burlington Stores, Inc. (A) | 12,525 | 2,115,598 |
CarMax, Inc. (A)(B) | 32,350 | 2,518,771 |
Carvana Company (A)(B) | 2,868 | 205,234 |
Five Below, Inc. (A) | 7,539 | 1,103,634 |
Foot Locker, Inc. | 29,016 | 1,660,005 |
L Brands, Inc. | 15,947 | 408,881 |
The Gap, Inc. | 55,061 | 1,435,991 |
Tiffany & Company | 14,788 | 1,594,442 |
Tractor Supply Company | 22,592 | 2,338,272 |
Ulta Beauty, Inc. (A) | 9,029 | 3,150,940 |
Williams-Sonoma, Inc. (B) | 22,948 | 1,311,937 |
Textiles, apparel and luxury goods – 1.3% | ||
Capri Holdings, Ltd. (A) | 29,559 | 1,302,961 |
Carter's, Inc. | 12,181 | 1,290,090 |
Columbia Sportswear Company | 5,736 | 573,428 |
Deckers Outdoor Corp. (A) | 3,022 | 478,111 |
Hanesbrands, Inc. | 82,037 | 1,482,409 |
Lululemon Athletica, Inc. (A) | 13,276 | 2,341,223 |
PVH Corp. | 12,858 | 1,658,553 |
Ralph Lauren Corp. | 10,496 | 1,381,064 |
Skechers U.S.A., Inc., Class A (A) | 28,114 | 890,089 |
Tapestry, Inc. | 33,891 | 1,093,663 |
Under Armour, Inc., Class A (A) | 26,483 | 611,492 |
Under Armour, Inc., Class C (A) | 26,708 | 553,390 |
Consumer staples – 3.2% | 32,570,561 | |
Beverages – 0.4% | ||
Brown-Forman Corp., Class A | 1,726 | 90,270 |
Brown-Forman Corp., Class B | 40,548 | 2,160,803 |
Molson Coors Brewing Company, Class B | 21,622 | 1,387,916 |
Food and staples retailing – 0.2% | ||
Casey's General Stores, Inc. | 5,525 | 731,234 |
US Foods Holding Corp. (A) | 50,494 | 1,845,556 |
Food products – 1.9% | ||
Bunge, Ltd. | 23,026 | 1,206,793 |
Campbell Soup Company (B) | 22,815 | 882,712 |
Conagra Brands, Inc. | 69,869 | 2,150,568 |
Flowers Foods, Inc. | 30,765 | 668,831 |
Hormel Foods Corp. (B) | 23,334 | 931,960 |
Ingredion, Inc. | 17,784 | 1,685,034 |
Lamb Weston Holdings, Inc. | 21,706 | 1,520,505 |
64 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Food products (continued) | ||
Lancaster Colony Corp. | 2,102 | $312,588 |
McCormick & Company, Inc. | 17,004 | 2,618,106 |
Pilgrim's Pride Corp. (A) | 16,578 | 446,114 |
Post Holdings, Inc. (A) | 17,646 | 1,990,116 |
Seaboard Corp. | 61 | 274,230 |
The Hershey Company | 22,671 | 2,830,474 |
The J.M. Smucker Company | 15,817 | 1,939,639 |
Household products – 0.5% | ||
Church & Dwight Company, Inc. | 30,474 | 2,284,026 |
The Clorox Company | 17,606 | 2,812,206 |
Personal products – 0.2% | ||
Coty, Inc., Class A | 37,397 | 404,636 |
Herbalife Nutrition, Ltd. (A) | 26,419 | 1,396,244 |
Energy – 3.3% | 34,185,653 | |
Energy equipment and services – 0.4% | ||
Helmerich & Payne, Inc. | 30,554 | 1,788,020 |
National Oilwell Varco, Inc. | 41,376 | 1,081,569 |
TechnipFMC PLC | 58,267 | 1,432,786 |
Transocean, Ltd. (A) | 43,209 | 339,623 |
Oil, gas and consumable fuels – 2.9% | ||
Apache Corp. | 49,803 | 1,639,017 |
Cabot Oil & Gas Corp. | 55,362 | 1,433,322 |
Cheniere Energy, Inc. (A) | 20,920 | 1,346,202 |
Chesapeake Energy Corp. (A)(B) | 75,629 | 220,080 |
Cimarex Energy Company | 11,474 | 787,805 |
Concho Resources, Inc. | 23,349 | 2,694,008 |
Continental Resources, Inc. (A) | 8,269 | 380,291 |
Devon Energy Corp. | 47,348 | 1,521,765 |
Diamondback Energy, Inc. | 24,205 | 2,575,170 |
EnLink Midstream LLC | 29,996 | 350,653 |
EQT Corp. | 33,171 | 678,347 |
Equitrans Midstream Corp. | 28,348 | 590,489 |
Hess Corp. | 25,417 | 1,629,738 |
HollyFrontier Corp. | 41,743 | 1,992,393 |
Marathon Oil Corp. | 132,127 | 2,251,444 |
Murphy Oil Corp. | 52,573 | 1,432,089 |
Noble Energy, Inc. | 65,626 | 1,775,840 |
ONEOK, Inc. | 37,228 | 2,528,898 |
Parsley Energy, Inc., Class A (A) | 38,674 | 771,933 |
Tallgrass Energy LP | 15,527 | 374,822 |
Targa Resources Corp. | 29,796 | 1,196,309 |
WPX Energy, Inc. (A) | 98,851 | 1,373,040 |
Financials – 15.1% | 155,432,518 | |
Banks – 5.1% | ||
Associated Banc-Corp | 23,948 | 543,380 |
Bank OZK | 26,116 | 852,687 |
BOK Financial Corp. | 6,085 | 530,247 |
CIT Group, Inc. | 40,902 | 2,178,850 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
Citizens Financial Group, Inc. | 72,445 | $2,622,509 |
Comerica, Inc. | 29,658 | 2,330,822 |
Commerce Bancshares, Inc. | 27,211 | 1,644,361 |
Cullen/Frost Bankers, Inc. | 12,668 | 1,288,209 |
East West Bancorp, Inc. | 37,038 | 1,906,716 |
Fifth Third Bancorp | 135,852 | 3,915,255 |
First Citizens BancShares, Inc., Class A | 1,475 | 661,169 |
First Financial Bankshares, Inc. | 4,419 | 271,857 |
First Horizon National Corp. | 59,633 | 899,862 |
First Republic Bank | 24,117 | 2,547,238 |
FNB Corp. | 46,207 | 560,491 |
Huntington Bancshares, Inc. | 192,777 | 2,683,456 |
IBERIABANK Corp. | 9,779 | 777,431 |
KeyCorp | 170,428 | 2,991,011 |
M&T Bank Corp. | 14,888 | 2,532,002 |
PacWest Bancorp | 29,845 | 1,180,370 |
People's United Financial, Inc. | 75,641 | 1,307,833 |
Pinnacle Financial Partners, Inc. | 12,349 | 717,106 |
Popular, Inc. | 22,938 | 1,323,752 |
Prosperity Bancshares, Inc. | 14,285 | 1,051,947 |
Regions Financial Corp. | 198,138 | 3,077,083 |
Signature Bank | 11,889 | 1,570,180 |
Sterling Bancorp | 34,968 | 749,015 |
SVB Financial Group (A) | 8,784 | 2,211,108 |
Synovus Financial Corp. | 34,499 | 1,271,633 |
Umpqua Holdings Corp. | 51,496 | 893,971 |
Webster Financial Corp. | 19,457 | 1,033,750 |
Western Alliance Bancorp (A) | 20,892 | 998,220 |
Wintrust Financial Corp. | 10,671 | 813,130 |
Zions Bancorp NA | 45,321 | 2,235,685 |
Capital markets – 3.1% | ||
Affiliated Managers Group, Inc. | 8,996 | 997,836 |
Ameriprise Financial, Inc. | 20,553 | 3,016,564 |
Ares Management Corp., Class A | 11,952 | 292,226 |
Cboe Global Markets, Inc. | 13,954 | 1,417,866 |
E*TRADE Financial Corp. | 50,060 | 2,536,040 |
Eaton Vance Corp. | 35,089 | 1,458,650 |
FactSet Research Systems, Inc. | 10,285 | 2,837,323 |
Franklin Resources, Inc. | 26,979 | 933,204 |
Interactive Brokers Group, Inc., Class A | 9,119 | 494,615 |
Invesco, Ltd. | 56,623 | 1,244,007 |
Janus Henderson Group PLC | 34,808 | 872,637 |
Lazard, Ltd., Class A | 19,794 | 769,591 |
LPL Financial Holdings, Inc. | 15,536 | 1,151,062 |
MarketAxess Holdings, Inc. | 7,615 | 2,119,483 |
Morningstar, Inc. | 2,837 | 406,968 |
MSCI, Inc. | 12,497 | 2,816,574 |
Nasdaq, Inc. | 20,358 | 1,877,008 |
Northern Trust Corp. | 19,050 | 1,877,378 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 65 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
Raymond James Financial, Inc. | 25,813 | $2,363,696 |
SEI Investments Company | 25,984 | 1,414,829 |
T. Rowe Price Group, Inc. | 10,318 | 1,109,185 |
Consumer finance – 0.7% | ||
Ally Financial, Inc. | 118,304 | 3,514,812 |
Credit Acceptance Corp. (A) | 2,216 | 1,099,624 |
OneMain Holdings, Inc. | 19,125 | 649,676 |
Santander Consumer USA Holdings, Inc. | 44,607 | 952,359 |
SLM Corp. | 90,689 | 921,400 |
Diversified financial services – 0.4% | ||
AXA Equitable Holdings, Inc. | 18,853 | 427,775 |
Jefferies Financial Group, Inc. | 64,230 | 1,321,211 |
Voya Financial, Inc. | 42,709 | 2,344,297 |
Insurance – 5.4% | ||
Alleghany Corp. (A) | 3,153 | 2,071,143 |
American Financial Group, Inc. | 22,088 | 2,286,771 |
Arch Capital Group, Ltd. (A) | 54,398 | 1,837,564 |
Arthur J. Gallagher & Company | 29,743 | 2,487,110 |
Assurant, Inc. | 14,803 | 1,406,285 |
Assured Guaranty, Ltd. | 33,580 | 1,601,766 |
Athene Holding, Ltd., Class A (A) | 37,929 | 1,712,874 |
Axis Capital Holdings, Ltd. | 25,836 | 1,468,777 |
Brighthouse Financial, Inc. (A) | 10,566 | 441,553 |
Brown & Brown, Inc. | 61,876 | 1,964,563 |
Cincinnati Financial Corp. | 22,303 | 2,145,103 |
CNA Financial Corp. | 4,712 | 218,307 |
Enstar Group, Ltd. (A) | 929 | 164,675 |
Erie Indemnity Company, Class A | 5,320 | 1,007,182 |
Everest Re Group, Ltd. | 8,455 | 1,991,153 |
Fidelity National Financial, Inc. | 48,679 | 1,944,726 |
First American Financial Corp. | 26,932 | 1,536,740 |
Kemper Corp. | 7,402 | 665,292 |
Lincoln National Corp. | 36,409 | 2,429,208 |
Loews Corp. | 38,543 | 1,976,870 |
Markel Corp. (A) | 1,701 | 1,822,639 |
Old Republic International Corp. | 71,580 | 1,600,529 |
Primerica, Inc. | 7,348 | 957,371 |
Principal Financial Group, Inc. | 48,283 | 2,759,856 |
Reinsurance Group of America, Inc. | 18,893 | 2,862,478 |
RenaissanceRe Holdings, Ltd. | 10,417 | 1,618,385 |
The Hanover Insurance Group, Inc. | 8,279 | 998,530 |
The Hartford Financial Services Group, Inc. | 63,141 | 3,302,906 |
Torchmark Corp. | 23,523 | 2,062,026 |
Unum Group | 52,880 | 1,952,330 |
W.R. Berkley Corp. | 23,290 | 1,427,677 |
Willis Towers Watson PLC | 16,427 | 3,028,153 |
Thrifts and mortgage finance – 0.4% | ||
Essent Group, Ltd. (A) | 7,596 | 360,430 |
MGIC Investment Corp. (A) | 87,601 | 1,282,479 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Thrifts and mortgage finance (continued) | ||
New York Community Bancorp, Inc. | 113,838 | $1,323,936 |
Radian Group, Inc. | 48,284 | 1,130,811 |
TFS Financial Corp. | 10,462 | 174,088 |
Health care – 11.1% | 114,471,307 | |
Biotechnology – 1.2% | ||
Alkermes PLC (A) | 25,073 | 760,213 |
Alnylam Pharmaceuticals, Inc. (A) | 10,571 | 944,413 |
Array BioPharma, Inc. (A) | 12,073 | 272,971 |
BioMarin Pharmaceutical, Inc. (A) | 18,939 | 1,619,853 |
Bluebird Bio, Inc. (A) | 7,488 | 1,062,023 |
Exact Sciences Corp. (A) | 11,219 | 1,107,203 |
Exelixis, Inc. (A) | 63,976 | 1,257,768 |
FibroGen, Inc. (A) | 7,353 | 343,606 |
Ionis Pharmaceuticals, Inc. (A) | 15,825 | 1,176,272 |
Moderna, Inc. (A)(B) | 2,265 | 58,958 |
Neurocrine Biosciences, Inc. (A) | 11,035 | 797,168 |
Sage Therapeutics, Inc. (A) | 5,446 | 916,181 |
Sarepta Therapeutics, Inc. (A) | 3,700 | 432,678 |
Seattle Genetics, Inc. (A) | 10,511 | 712,436 |
United Therapeutics Corp. (A) | 15,341 | 1,573,526 |
Health care equipment and supplies – 3.5% | ||
ABIOMED, Inc. (A) | 6,032 | 1,673,337 |
Align Technology, Inc. (A) | 12,023 | 3,903,628 |
DENTSPLY SIRONA, Inc. | 38,817 | 1,984,713 |
DexCom, Inc. (A) | 9,509 | 1,151,255 |
Globus Medical, Inc., Class A (A) | 14,216 | 640,999 |
Haemonetics Corp. (A) | 7,602 | 663,503 |
Hill-Rom Holdings, Inc. | 17,065 | 1,730,732 |
Hologic, Inc. (A) | 56,667 | 2,628,215 |
ICU Medical, Inc. (A) | 2,930 | 666,575 |
IDEXX Laboratories, Inc. (A) | 12,431 | 2,883,992 |
Insulet Corp. (A) | 6,141 | 529,661 |
Integra LifeSciences Holdings Corp. (A) | 12,361 | 645,121 |
LivaNova PLC (A) | 9,600 | 661,344 |
Masimo Corp. (A) | 9,455 | 1,230,568 |
Novocure, Ltd. (A) | 3,822 | 168,436 |
Penumbra, Inc. (A)(B) | 2,989 | 402,021 |
ResMed, Inc. | 23,818 | 2,489,219 |
STERIS PLC | 17,186 | 2,251,022 |
Teleflex, Inc. | 7,913 | 2,264,542 |
The Cooper Companies, Inc. | 8,882 | 2,575,069 |
Varian Medical Systems, Inc. (A) | 18,439 | 2,510,839 |
West Pharmaceutical Services, Inc. | 16,911 | 2,093,413 |
Health care providers and services – 2.9% | ||
AmerisourceBergen Corp. | 25,879 | 1,934,714 |
Cardinal Health, Inc. | 41,768 | 2,034,519 |
Centene Corp. (A) | 73,634 | 3,796,569 |
Chemed Corp. | 2,809 | 917,925 |
Covetrus, Inc. (A) | 11,752 | 386,288 |
66 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care providers and services (continued) | ||
DaVita, Inc. (A) | 41,219 | $2,276,938 |
Encompass Health Corp. | 28,042 | 1,807,307 |
Guardant Health, Inc. (A)(B) | 684 | 44,809 |
HealthEquity, Inc. (A) | 6,277 | 425,267 |
Henry Schein, Inc. (A)(B) | 34,879 | 2,234,349 |
Laboratory Corp. of America Holdings (A) | 20,264 | 3,240,619 |
Molina Healthcare, Inc. (A) | 13,104 | 1,698,672 |
Premier, Inc., Class A (A) | 17,501 | 581,558 |
Quest Diagnostics, Inc. | 32,726 | 3,154,132 |
Universal Health Services, Inc., Class B | 22,925 | 2,908,495 |
WellCare Health Plans, Inc. (A) | 11,423 | 2,951,132 |
Health care technology – 0.7% | ||
Cerner Corp. (A) | 49,804 | 3,309,476 |
Medidata Solutions, Inc. (A) | 8,489 | 766,896 |
Teladoc Health, Inc. (A)(B) | 7,107 | 404,246 |
Veeva Systems, Inc., Class A (A) | 17,132 | 2,396,253 |
Life sciences tools and services – 2.1% | ||
Agilent Technologies, Inc. | 34,891 | 2,738,944 |
Bio-Rad Laboratories, Inc., Class A (A) | 5,396 | 1,623,818 |
Bio-Techne Corp. | 7,802 | 1,596,211 |
Bruker Corp. | 24,801 | 957,319 |
Charles River Laboratories International, Inc. (A) | 13,297 | 1,867,830 |
IQVIA Holdings, Inc. (A) | 15,933 | 2,213,094 |
Mettler-Toledo International, Inc. (A) | 4,596 | 3,425,215 |
PerkinElmer, Inc. | 22,529 | 2,159,179 |
PRA Health Sciences, Inc. (A) | 11,804 | 1,142,863 |
Syneos Health, Inc. (A) | 14,085 | 661,009 |
Waters Corp. (A) | 13,870 | 2,961,800 |
Pharmaceuticals – 0.7% | ||
Amneal Pharmaceuticals, Inc. (A)(B) | 4,734 | 60,927 |
Catalent, Inc. (A) | 36,648 | 1,642,563 |
Elanco Animal Health, Inc. (A) | 5,464 | 172,116 |
Horizon Pharma PLC (A) | 16,687 | 426,019 |
Jazz Pharmaceuticals PLC (A) | 16,727 | 2,170,663 |
Mylan NV (A) | 57,983 | 1,564,961 |
Nektar Therapeutics (A) | 13,931 | 446,071 |
Perrigo Company PLC | 12,251 | 587,068 |
Industrials – 16.4% | 168,598,781 | |
Aerospace and defense – 2.4% | ||
Arconic, Inc. | 82,858 | 1,779,790 |
BWX Technologies, Inc. | 19,484 | 995,632 |
Curtiss-Wright Corp. | 8,794 | 1,001,988 |
Harris Corp. | 19,988 | 3,367,978 |
HEICO Corp. | 5,876 | 620,094 |
HEICO Corp., Class A | 9,063 | 810,504 |
Hexcel Corp. | 23,270 | 1,645,422 |
Huntington Ingalls Industries, Inc. | 9,831 | 2,188,184 |
L3 Technologies, Inc. | 12,893 | 2,818,152 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Aerospace and defense (continued) | ||
Spirit AeroSystems Holdings, Inc., Class A | 20,110 | $1,747,559 |
Teledyne Technologies, Inc. (A) | 7,433 | 1,847,175 |
Textron, Inc. | 47,700 | 2,528,100 |
TransDigm Group, Inc. (A) | 6,831 | 3,296,094 |
Air freight and logistics – 0.6% | ||
C.H. Robinson Worldwide, Inc. | 25,708 | 2,082,348 |
Expeditors International of Washington, Inc. | 32,138 | 2,552,400 |
XPO Logistics, Inc. (A)(B) | 23,043 | 1,568,767 |
Airlines – 0.8% | ||
Alaska Air Group, Inc. | 30,210 | 1,869,999 |
JetBlue Airways Corp. (A) | 91,842 | 1,703,669 |
United Continental Holdings, Inc. (A) | 55,544 | 4,935,640 |
Building products – 1.0% | ||
Allegion PLC | 20,164 | 2,000,874 |
AO Smith Corp. | 27,147 | 1,427,118 |
Fortune Brands Home & Security, Inc. | 35,174 | 1,856,484 |
Lennox International, Inc. | 5,333 | 1,447,643 |
Masco Corp. | 35,050 | 1,369,053 |
Owens Corning | 28,758 | 1,474,423 |
Trex Company, Inc. (A) | 7,730 | 535,457 |
Commercial services and supplies – 1.3% | ||
ADT, Inc. (B) | 29,897 | 197,021 |
Cintas Corp. | 15,958 | 3,465,120 |
Copart, Inc. (A) | 34,489 | 2,321,799 |
KAR Auction Services, Inc. | 35,587 | 2,009,954 |
Republic Services, Inc. | 48,197 | 3,991,676 |
Rollins, Inc. | 24,482 | 946,719 |
Stericycle, Inc. (A) | 12,736 | 743,655 |
Construction and engineering – 0.7% | ||
AECOM (A) | 32,923 | 1,116,090 |
EMCOR Group, Inc. | 11,352 | 955,157 |
Fluor Corp. | 35,406 | 1,406,680 |
Jacobs Engineering Group, Inc. | 23,923 | 1,864,559 |
Quanta Services, Inc. | 42,989 | 1,745,353 |
Electrical equipment – 1.3% | ||
Acuity Brands, Inc. | 9,152 | 1,339,212 |
AMETEK, Inc. | 39,345 | 3,469,049 |
GrafTech International, Ltd. | 3,383 | 38,735 |
Hubbell, Inc. | 16,816 | 2,145,722 |
nVent Electric PLC | 32,782 | 916,257 |
Rockwell Automation, Inc. | 19,872 | 3,591,069 |
Sensata Technologies Holding PLC (A) | 45,678 | 2,281,159 |
Industrial conglomerates – 0.2% | ||
Carlisle Companies, Inc. | 15,407 | 2,178,858 |
Machinery – 4.4% | ||
AGCO Corp. | 19,980 | 1,414,184 |
Allison Transmission Holdings, Inc. | 36,291 | 1,700,596 |
Crane Company | 10,440 | 887,922 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 67 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Machinery (continued) | ||
Donaldson Company, Inc. | 34,743 | $1,860,140 |
Dover Corp. | 30,339 | 2,974,436 |
Flowserve Corp. | 30,073 | 1,474,479 |
Gardner Denver Holdings, Inc. (A) | 21,632 | 730,080 |
Gates Industrial Corp. PLC (A) | 10,386 | 167,007 |
Graco, Inc. | 35,853 | 1,837,466 |
IDEX Corp. | 12,536 | 1,963,890 |
Ingersoll-Rand PLC | 23,736 | 2,910,271 |
ITT, Inc. | 16,836 | 1,019,420 |
Lincoln Electric Holdings, Inc. | 13,573 | 1,184,516 |
Nordson Corp. | 12,067 | 1,761,179 |
Oshkosh Corp. | 18,233 | 1,505,863 |
Parker-Hannifin Corp. | 23,643 | 4,281,274 |
Pentair PLC | 33,091 | 1,290,218 |
Snap-on, Inc. | 14,269 | 2,401,187 |
Stanley Black & Decker, Inc. | 23,977 | 3,515,028 |
The Middleby Corp. (A) | 12,574 | 1,661,403 |
The Toro Company | 22,419 | 1,639,950 |
WABCO Holdings, Inc. (A) | 12,843 | 1,700,927 |
Wabtec Corp. | 19,187 | 1,421,181 |
Woodward, Inc. | 11,506 | 1,253,003 |
Xylem, Inc. | 29,642 | 2,472,143 |
Marine – 0.1% | ||
Kirby Corp. (A) | 9,773 | 798,650 |
Professional services – 1.5% | ||
CoStar Group, Inc. (A) | 4,136 | 2,052,490 |
Equifax, Inc. | 20,444 | 2,574,922 |
Insperity, Inc. | 5,344 | 638,929 |
ManpowerGroup, Inc. | 18,295 | 1,757,052 |
Nielsen Holdings PLC | 76,039 | 1,941,276 |
Robert Half International, Inc. | 30,629 | 1,901,755 |
TransUnion | 22,654 | 1,577,851 |
TriNet Group, Inc. (A) | 4,767 | 297,175 |
Verisk Analytics, Inc. | 18,987 | 2,679,825 |
Road and rail – 0.8% | ||
AMERCO | 2,224 | 829,930 |
Genesee & Wyoming, Inc., Class A (A) | 12,439 | 1,102,717 |
J.B. Hunt Transport Services, Inc. | 16,023 | 1,513,853 |
Kansas City Southern | 16,829 | 2,072,323 |
Landstar System, Inc. | 8,543 | 930,845 |
Old Dominion Freight Line, Inc. | 10,844 | 1,618,792 |
Schneider National, Inc., Class B | 13,509 | 282,338 |
Trading companies and distributors – 1.3% | ||
Air Lease Corp. | 21,403 | 825,300 |
Fastenal Company | 39,821 | 2,809,372 |
HD Supply Holdings, Inc. (A) | 43,623 | 1,993,135 |
MSC Industrial Direct Company, Inc., Class A | 11,447 | 957,542 |
United Rentals, Inc. (A) | 19,508 | 2,749,067 |
W.W. Grainger, Inc. | 8,852 | 2,496,264 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Trading companies and distributors (continued) | ||
Watsco, Inc. | 6,154 | $975,224 |
Information technology – 17.8% | 183,936,729 | |
Communications equipment – 1.3% | ||
Arista Networks, Inc. (A) | 6,489 | 2,026,450 |
Ciena Corp. (A) | 21,289 | 816,646 |
CommScope Holding Company, Inc. (A) | 53,793 | 1,332,991 |
F5 Networks, Inc. (A) | 15,793 | 2,477,922 |
Juniper Networks, Inc. | 85,230 | 2,366,837 |
Motorola Solutions, Inc. | 20,772 | 3,010,071 |
Ubiquiti Networks, Inc. (B) | 4,053 | 690,834 |
ViaSat, Inc. (A) | 6,474 | 587,969 |
Electronic equipment, instruments and components – 2.8% | ||
Amphenol Corp., Class A | 44,036 | 4,384,224 |
Arrow Electronics, Inc. (A) | 32,386 | 2,736,941 |
Avnet, Inc. | 34,467 | 1,675,441 |
CDW Corp. | 31,728 | 3,350,477 |
Cognex Corp. | 21,707 | 1,094,684 |
Dolby Laboratories, Inc., Class A | 14,565 | 942,210 |
Flex, Ltd. (A) | 141,791 | 1,565,361 |
FLIR Systems, Inc. | 34,294 | 1,815,524 |
IPG Photonics Corp. (A) | 7,182 | 1,254,911 |
Jabil, Inc. | 56,635 | 1,710,943 |
Keysight Technologies, Inc. (A) | 27,041 | 2,353,378 |
Littelfuse, Inc. | 4,966 | 998,414 |
National Instruments Corp. | 25,776 | 1,214,050 |
SYNNEX Corp. | 7,440 | 802,627 |
Trimble, Inc. (A) | 40,726 | 1,662,435 |
Zebra Technologies Corp., Class A (A) | 9,123 | 1,926,230 |
IT services – 4.7% | ||
Akamai Technologies, Inc. (A) | 36,681 | 2,936,681 |
Alliance Data Systems Corp. | 11,618 | 1,860,042 |
Amdocs, Ltd. | 39,423 | 2,171,419 |
Black Knight, Inc. (A) | 27,181 | 1,533,552 |
Booz Allen Hamilton Holding Corp. | 29,429 | 1,744,845 |
Broadridge Financial Solutions, Inc. | 21,272 | 2,512,861 |
CACI International, Inc., Class A (A) | 5,117 | 997,508 |
EPAM Systems, Inc. (A) | 10,300 | 1,847,408 |
Euronet Worldwide, Inc. (A) | 11,404 | 1,709,346 |
First Data Corp., Class A (A) | 55,522 | 1,435,799 |
FleetCor Technologies, Inc. (A) | 11,589 | 3,024,150 |
Gartner, Inc. (A) | 13,637 | 2,167,874 |
Genpact, Ltd. | 42,196 | 1,531,715 |
Global Payments, Inc. | 22,949 | 3,352,160 |
GoDaddy, Inc., Class A (A) | 17,404 | 1,418,426 |
Jack Henry & Associates, Inc. | 12,712 | 1,894,851 |
Leidos Holdings, Inc. | 37,129 | 2,728,239 |
MAXIMUS, Inc. | 17,463 | 1,286,150 |
MongoDB, Inc. (A)(B) | 1,794 | 252,810 |
Okta, Inc. (A) | 7,359 | 765,557 |
68 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
IT services (continued) | ||
Sabre Corp. | 64,679 | $1,342,736 |
Science Applications International Corp. | 7,668 | 574,717 |
The Western Union Company | 74,869 | 1,455,453 |
Total System Services, Inc. | 28,606 | 2,924,677 |
Twilio, Inc., Class A (A) | 6,256 | 857,948 |
VeriSign, Inc. (A) | 12,748 | 2,517,093 |
WEX, Inc. (A) | 9,176 | 1,929,713 |
Semiconductors and semiconductor equipment – 3.2% | ||
Advanced Micro Devices, Inc. (A) | 63,953 | 1,767,021 |
Cree, Inc. (A) | 15,047 | 994,456 |
Cypress Semiconductor Corp. | 83,929 | 1,441,900 |
Entegris, Inc. | 31,308 | 1,279,245 |
First Solar, Inc. (A) | 20,595 | 1,267,210 |
KLA-Tencor Corp. | 17,867 | 2,277,685 |
Marvell Technology Group, Ltd. | 112,701 | 2,819,779 |
Maxim Integrated Products, Inc. | 50,284 | 3,017,040 |
Microchip Technology, Inc. (B) | 31,371 | 3,133,649 |
MKS Instruments, Inc. | 12,978 | 1,181,128 |
Monolithic Power Systems, Inc. | 6,662 | 1,037,340 |
ON Semiconductor Corp. (A) | 123,690 | 2,852,291 |
Qorvo, Inc. (A) | 29,716 | 2,246,827 |
Skyworks Solutions, Inc. | 32,707 | 2,884,103 |
Teradyne, Inc. | 56,139 | 2,750,811 |
Universal Display Corp. (B) | 5,548 | 885,461 |
Versum Materials, Inc. | 14,446 | 753,792 |
Software – 4.7% | ||
2U, Inc. (A)(B) | 7,413 | 448,487 |
Alteryx, Inc., Class A (A) | 2,017 | 178,787 |
Anaplan, Inc. (A) | 939 | 36,968 |
ANSYS, Inc. (A) | 15,122 | 2,960,888 |
Aspen Technology, Inc. (A) | 12,891 | 1,571,542 |
Atlassian Corp. PLC, Class A (A) | 8,057 | 887,479 |
Cadence Design Systems, Inc. (A) | 46,911 | 3,254,685 |
CDK Global, Inc. | 28,128 | 1,696,681 |
Ceridian HCM Holding, Inc. (A) | 3,093 | 164,393 |
Citrix Systems, Inc. | 25,096 | 2,533,692 |
Coupa Software, Inc. (A) | 2,905 | 300,174 |
DocuSign, Inc. (A) | 6,913 | 391,760 |
Dropbox, Inc., Class A (A) | 6,991 | 170,441 |
Elastic NV (A)(B) | 427 | 36,530 |
Fair Isaac Corp. (A) | 7,293 | 2,040,217 |
Fortinet, Inc. (A) | 20,723 | 1,935,943 |
Guidewire Software, Inc. (A) | 14,084 | 1,499,946 |
HubSpot, Inc. (A) | 3,099 | 571,735 |
LogMeIn, Inc. | 9,310 | 767,144 |
New Relic, Inc. (A) | 3,402 | 358,026 |
Nuance Communications, Inc. (A) | 63,269 | 1,064,817 |
Nutanix, Inc., Class A (A) | 12,383 | 534,822 |
Palo Alto Networks, Inc. (A) | 6,164 | 1,533,788 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
Paycom Software, Inc. (A) | 7,604 | $1,540,038 |
Paylocity Holding Corp. (A) | 2,200 | 212,410 |
Pegasystems, Inc. | 5,127 | 384,576 |
Pivotal Software, Inc., Class A (A) | 6,791 | 147,365 |
Pluralsight, Inc., Class A (A) | 2,439 | 86,560 |
Proofpoint, Inc. (A) | 6,148 | 771,082 |
PTC, Inc. (A) | 17,174 | 1,553,732 |
RealPage, Inc. (A) | 11,896 | 775,738 |
RingCentral, Inc., Class A (A) | 6,417 | 746,746 |
SolarWinds Corp. (A) | 2,932 | 57,321 |
Splunk, Inc. (A) | 14,480 | 1,998,819 |
SS&C Technologies Holdings, Inc. | 41,013 | 2,774,940 |
Symantec Corp. | 93,870 | 2,272,593 |
Synopsys, Inc. (A) | 29,762 | 3,603,583 |
Tableau Software, Inc., Class A (A) | 9,098 | 1,108,227 |
Teradata Corp. (A) | 35,672 | 1,622,006 |
The Trade Desk, Inc., Class A (A) | 4,271 | 945,941 |
Tyler Technologies, Inc. (A) | 7,007 | 1,624,993 |
Zendesk, Inc. (A) | 10,164 | 892,196 |
Zscaler, Inc. (A) | 3,127 | 213,605 |
Technology hardware, storage and peripherals – 1.1% | ||
NetApp, Inc. | 50,494 | 3,678,488 |
Pure Storage, Inc., Class A (A) | 23,464 | 536,387 |
Seagate Technology PLC | 53,450 | 2,582,704 |
Western Digital Corp. | 56,156 | 2,870,695 |
Xerox Corp. | 55,036 | 1,836,001 |
Materials – 5.9% | 60,809,833 | |
Chemicals – 2.3% | ||
Albemarle Corp. (B) | 18,660 | 1,400,620 |
Ashland Global Holdings, Inc. | 15,863 | 1,277,447 |
Axalta Coating Systems, Ltd. (A) | 50,045 | 1,350,214 |
Celanese Corp. | 23,460 | 2,531,099 |
CF Industries Holdings, Inc. | 42,250 | 1,891,955 |
Eastman Chemical Company | 25,796 | 2,034,788 |
FMC Corp. | 19,991 | 1,580,488 |
Huntsman Corp. | 59,165 | 1,315,830 |
Ingevity Corp. (A) | 4,394 | 505,354 |
International Flavors & Fragrances, Inc. (B) | 12,077 | 1,664,090 |
NewMarket Corp. | 2,164 | 907,971 |
Olin Corp. | 41,932 | 909,505 |
RPM International, Inc. | 32,389 | 1,964,393 |
The Chemours Company | 23,455 | 844,615 |
The Mosaic Company | 46,811 | 1,222,235 |
The Scotts Miracle-Gro Company (B) | 4,368 | 371,367 |
W.R. Grace & Company | 15,041 | 1,136,799 |
Westlake Chemical Corp. | 7,935 | 553,466 |
Construction materials – 0.5% | ||
Martin Marietta Materials, Inc. | 9,133 | 2,026,613 |
Vulcan Materials Company | 21,697 | 2,736,209 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 69 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Containers and packaging – 2.0% | ||
AptarGroup, Inc. | 16,750 | $1,863,270 |
Avery Dennison Corp. | 17,409 | 1,926,306 |
Ball Corp. | 48,615 | 2,913,983 |
Bemis Company, Inc. | 25,002 | 1,435,615 |
Berry Global Group, Inc. (A) | 30,793 | 1,810,628 |
Crown Holdings, Inc. (A) | 29,485 | 1,713,963 |
International Paper Company | 31,072 | 1,454,480 |
Packaging Corp. of America | 24,400 | 2,419,504 |
Sealed Air Corp. | 37,907 | 1,767,224 |
Sonoco Products Company | 34,544 | 2,178,345 |
WestRock Company | 30,776 | 1,181,183 |
Metals and mining – 1.1% | ||
Alcoa Corp. (A) | 49,098 | 1,309,935 |
Freeport-McMoRan, Inc. | 85,487 | 1,052,345 |
Newmont Gold Corp. | 63,043 | 1,958,116 |
Nucor Corp. | 42,597 | 2,431,011 |
Reliance Steel & Aluminum Company | 19,199 | 1,765,540 |
Royal Gold, Inc. | 11,099 | 966,279 |
Steel Dynamics, Inc. | 58,338 | 1,848,148 |
United States Steel Corp. | 37,750 | 588,900 |
Real estate – 6.2% | 64,047,300 | |
Equity real estate investment trusts – 5.7% | ||
Alexandria Real Estate Equities, Inc. | 11,118 | 1,583,092 |
American Campus Communities, Inc. | 20,963 | 989,454 |
American Homes 4 Rent, Class A | 36,566 | 876,853 |
Americold Realty Trust | 7,427 | 237,738 |
Apartment Investment & Management Company, Class A | 25,378 | 1,252,658 |
Brixmor Property Group, Inc. | 43,501 | 777,798 |
Camden Property Trust | 14,548 | 1,464,256 |
CoreSite Realty Corp. | 5,234 | 572,652 |
CubeSmart | 28,274 | 902,223 |
CyrusOne, Inc. | 14,777 | 822,931 |
Digital Realty Trust, Inc. | 17,558 | 2,066,752 |
Douglas Emmett, Inc. | 24,566 | 1,011,874 |
Duke Realty Corp. | 50,329 | 1,566,238 |
EPR Properties | 10,878 | 857,839 |
Equity LifeStyle Properties, Inc. | 11,983 | 1,398,416 |
Essex Property Trust, Inc. | 6,190 | 1,748,675 |
Extra Space Storage, Inc. | 15,992 | 1,658,210 |
Federal Realty Investment Trust | 9,851 | 1,318,556 |
Gaming and Leisure Properties, Inc. | 30,481 | 1,230,823 |
HCP, Inc. | 37,835 | 1,126,726 |
Healthcare Trust of America, Inc., Class A | 28,871 | 796,262 |
Highwoods Properties, Inc. | 15,822 | 705,345 |
Hospitality Properties Trust | 25,269 | 656,994 |
Host Hotels & Resorts, Inc. | 69,685 | 1,340,739 |
Hudson Pacific Properties, Inc. | 22,713 | 791,775 |
Invitation Homes, Inc. | 26,200 | 651,332 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Iron Mountain, Inc. | 38,109 | $1,237,780 |
JBG SMITH Properties | 8,995 | 382,737 |
Kilroy Realty Corp. | 15,529 | 1,194,335 |
Kimco Realty Corp. | 59,380 | 1,032,618 |
Lamar Advertising Company, Class A | 16,214 | 1,340,411 |
Liberty Property Trust | 23,090 | 1,146,188 |
Life Storage, Inc. | 3,590 | 342,091 |
Medical Properties Trust, Inc. | 53,941 | 941,810 |
MGM Growth Properties LLC, Class A | 11,579 | 373,539 |
Mid-America Apartment Communities, Inc. | 11,638 | 1,273,314 |
National Retail Properties, Inc. | 24,215 | 1,274,193 |
Omega Healthcare Investors, Inc. | 30,851 | 1,091,817 |
Park Hotels & Resorts, Inc. | 26,608 | 853,585 |
Realty Income Corp. | 24,359 | 1,705,374 |
Regency Centers Corp. | 15,235 | 1,023,335 |
SBA Communications Corp. (A) | 15,657 | 3,189,801 |
SL Green Realty Corp. | 11,950 | 1,055,663 |
STORE Capital Corp. | 28,056 | 934,826 |
Sun Communities, Inc. | 11,300 | 1,390,804 |
The Macerich Company | 16,664 | 668,893 |
UDR, Inc. | 36,464 | 1,639,057 |
VEREIT, Inc. | 140,670 | 1,161,934 |
VICI Properties, Inc. | 44,685 | 1,018,818 |
Vornado Realty Trust | 12,602 | 871,302 |
Weyerhaeuser Company | 83,238 | 2,230,778 |
WP Carey, Inc. | 16,192 | 1,284,349 |
Real estate management and development – 0.5% | ||
CBRE Group, Inc., Class A (A) | 47,680 | 2,482,698 |
Jones Lang LaSalle, Inc. | 10,450 | 1,615,257 |
The Howard Hughes Corp. (A) | 7,962 | 883,782 |
Utilities – 5.8% | 59,652,141 | |
Electric utilities – 2.5% | ||
Alliant Energy Corp. | 41,500 | 1,960,045 |
Avangrid, Inc. | 6,735 | 344,899 |
Entergy Corp. | 32,417 | 3,141,207 |
Evergy, Inc. | 50,410 | 2,914,706 |
Eversource Energy | 40,468 | 2,899,937 |
FirstEnergy Corp. | 81,096 | 3,408,465 |
Hawaiian Electric Industries, Inc. | 5,229 | 216,899 |
IDACORP, Inc. | 9,149 | 905,934 |
OGE Energy Corp. | 52,458 | 2,221,072 |
Pinnacle West Capital Corp. | 26,621 | 2,536,183 |
Portland General Electric Company | 17,496 | 915,216 |
Xcel Energy, Inc. | 78,974 | 4,462,031 |
Gas utilities – 0.7% | ||
Atmos Energy Corp. | 20,776 | 2,126,216 |
National Fuel Gas Company | 16,497 | 976,787 |
New Jersey Resources Corp. | 7,484 | 374,799 |
ONE Gas, Inc. | 6,197 | 548,558 |
70 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Gas utilities (continued) | ||
Southwest Gas Holdings, Inc. | 7,890 | $656,369 |
UGI Corp. | 47,778 | 2,604,379 |
Independent power and renewable electricity producers –0.5% | ||
AES Corp. | 126,255 | 2,161,486 |
NRG Energy, Inc. | 41,593 | 1,712,384 |
Vistra Energy Corp. | 38,922 | 1,060,625 |
Multi-utilities – 1.7% | ||
Ameren Corp. | 42,286 | 3,077,152 |
Black Hills Corp. | 7,810 | 568,256 |
CenterPoint Energy, Inc. | 77,073 | 2,389,263 |
CMS Energy Corp. | 47,201 | 2,622,016 |
DTE Energy Company | 26,576 | 3,340,869 |
MDU Resources Group, Inc. | 46,834 | 1,224,709 |
NiSource, Inc. | 63,114 | 1,753,307 |
WEC Energy Group, Inc. | 34,312 | 2,691,090 |
Water utilities – 0.4% | ||
American Water Works Company, Inc. | 25,097 | 2,715,244 |
Aqua America, Inc. | 28,726 | 1,122,038 |
SECURITIES LENDING COLLATERAL – 1.1% | $11,926,516 | |
(Cost $11,926,285) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 1,191,794 | 11,926,516 |
SHORT-TERM INVESTMENTS – 0.1% | $992,402 | |
(Cost $992,402) | ||
Money market funds – 0.1% | 992,402 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 992,402 | 992,402 |
Total investments (Multifactor Mid Cap ETF) (Cost $957,251,538) 101.1% | $1,041,986,240 | |
Other assets and liabilities, net (1.1%) | (11,792,628) | |
Total net assets 100.0% | $1,030,193,612 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(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% | $438,636,186 | |
(Cost $425,674,740) | ||
Communication services – 3.8% | 16,808,641 | |
Diversified telecommunication services – 0.2% | ||
Intelsat SA (A)(B) | 23,207 | 469,710 |
Shares or Principal Amount | Value | |
Communication services (continued) | ||
Diversified telecommunication services (continued) | ||
Vonage Holdings Corp. (A) | 46,635 | $453,292 |
Entertainment – 0.7% | ||
Cinemark Holdings, Inc. | 33,039 | 1,389,290 |
Zynga, Inc., Class A (A) | 274,767 | 1,555,181 |
Interactive media and services – 0.4% | ||
CarGurus, Inc. (A)(B) | 20,849 | 849,388 |
Yelp, Inc. (A) | 24,887 | 996,973 |
Media – 2.2% | ||
AMC Networks, Inc., Class A (A) | 14,877 | 868,966 |
Cable One, Inc. | 1,471 | 1,560,040 |
John Wiley & Sons, Inc., Class A | 15,947 | 736,432 |
Meredith Corp. | 11,437 | 674,783 |
Nexstar Media Group, Inc., Class A | 13,403 | 1,568,821 |
Sinclair Broadcast Group, Inc., Class A | 22,120 | 1,012,875 |
TEGNA, Inc. | 57,156 | 909,924 |
The New York Times Company, Class A | 39,324 | 1,303,591 |
Tribune Media Company, Class A | 25,064 | 1,157,957 |
Wireless telecommunication services – 0.3% | ||
Telephone & Data Systems, Inc. | 34,487 | 1,099,446 |
United States Cellular Corp. (A) | 4,199 | 201,972 |
Consumer discretionary – 11.3% | 49,398,591 | |
Auto components – 1.0% | ||
Dana, Inc. | 54,083 | 1,054,619 |
Dorman Products, Inc. (A) | 8,907 | 780,877 |
The Goodyear Tire & Rubber Company | 68,993 | 1,325,356 |
Veoneer, Inc. (A)(B) | 25,057 | 553,008 |
Visteon Corp. (A) | 12,709 | 839,048 |
Automobiles – 0.1% | ||
Thor Industries, Inc. | 4,057 | 267,235 |
Diversified consumer services – 1.5% | ||
Adtalem Global Education, Inc. (A) | 17,066 | 841,695 |
Chegg, Inc. (A) | 28,727 | 1,024,118 |
frontdoor, Inc. (A) | 18,918 | 666,670 |
Graham Holdings Company, Class B | 1,391 | 1,034,111 |
H&R Block, Inc. | 61,220 | 1,665,796 |
Laureate Education, Inc., Class A (A) | 28,814 | 453,532 |
Strategic Education, Inc. | 5,975 | 856,516 |
Hotels, restaurants and leisure – 3.5% | ||
Boyd Gaming Corp. | 26,847 | 772,657 |
Choice Hotels International, Inc. (B) | 11,104 | 922,076 |
Churchill Downs, Inc. | 13,033 | 1,314,378 |
Cracker Barrel Old Country Store, Inc. (B) | 7,704 | 1,299,973 |
Eldorado Resorts, Inc. (A) | 15,271 | 753,929 |
Extended Stay America, Inc. | 58,210 | 1,042,541 |
Hilton Grand Vacations, Inc. (A) | 28,715 | 920,029 |
International Game Technology PLC (B) | 28,155 | 411,908 |
Marriott Vacations Worldwide Corp. | 11,647 | 1,230,273 |
Penn National Gaming, Inc. (A) | 33,301 | 721,633 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 71 |
Shares or Principal Amount | Value | |
Consumer discretionary (continued) | ||
Hotels, restaurants and leisure (continued) | ||
Red Rock Resorts, Inc., Class A | 22,594 | $609,586 |
Scientific Games Corp. (A) | 19,073 | 441,158 |
Six Flags Entertainment Corp. | 21,256 | 1,128,481 |
Texas Roadhouse, Inc. | 20,633 | 1,114,388 |
The Wendy's Company | 79,828 | 1,485,599 |
Wyndham Destinations, Inc. | 28,891 | 1,258,492 |
Household durables – 0.7% | ||
Helen of Troy, Ltd. (A) | 8,861 | 1,275,984 |
iRobot Corp. (A)(B) | 8,130 | 841,780 |
Tempur Sealy International, Inc. (A) | 13,957 | 856,960 |
Internet and direct marketing retail – 0.2% | ||
Liberty Expedia Holdings, Inc., Series A (A) | 16,211 | 752,515 |
Stitch Fix, Inc., Class A (A)(B) | 11,320 | 301,678 |
Leisure products – 0.5% | ||
Brunswick Corp. | 25,452 | 1,303,397 |
Mattel, Inc. (A)(B) | 68,958 | 840,598 |
Specialty retail – 2.3% | ||
Aaron's, Inc. | 20,069 | 1,117,643 |
American Eagle Outfitters, Inc. | 57,376 | 1,364,401 |
AutoNation, Inc. (A) | 17,537 | 735,326 |
Designer Brands, Inc. | 14,329 | 318,820 |
Dick's Sporting Goods, Inc. | 22,418 | 829,466 |
Floor & Decor Holdings, Inc., Class A (A) | 11,248 | 540,129 |
Murphy USA, Inc. (A) | 11,632 | 994,187 |
National Vision Holdings, Inc. (A) | 18,848 | 508,896 |
Penske Automotive Group, Inc. | 15,984 | 733,985 |
RH (A)(B) | 5,636 | 601,418 |
Urban Outfitters, Inc. (A) | 28,183 | 837,881 |
Williams-Sonoma, Inc. (B) | 23,927 | 1,367,907 |
Textiles, apparel and luxury goods – 1.5% | ||
Carter's, Inc. | 13,488 | 1,428,514 |
Deckers Outdoor Corp. (A) | 9,582 | 1,515,968 |
Skechers U.S.A., Inc., Class A (A) | 29,790 | 943,151 |
Steven Madden, Ltd. | 32,816 | 1,192,862 |
Wolverine World Wide, Inc. | 38,181 | 1,405,443 |
Consumer staples – 3.6% | 15,646,131 | |
Beverages – 0.2% | ||
National Beverage Corp. (B) | 3,745 | 209,720 |
The Boston Beer Company, Inc., Class A (A) | 2,663 | 825,557 |
Food and staples retailing – 1.0% | ||
BJ's Wholesale Club Holdings, Inc. (A) | 24,586 | 697,013 |
Casey's General Stores, Inc. | 11,430 | 1,512,761 |
Performance Food Group Company (A) | 31,557 | 1,292,259 |
Sprouts Farmers Market, Inc. (A) | 37,718 | 807,920 |
Food products – 1.7% | ||
Darling Ingredients, Inc. (A) | 51,375 | 1,120,489 |
Flowers Foods, Inc. | 56,920 | 1,237,441 |
J&J Snack Foods Corp. | 4,529 | 711,868 |
Shares or Principal Amount | Value | |
Consumer staples (continued) | ||
Food products (continued) | ||
Lancaster Colony Corp. | 7,873 | $1,170,794 |
Pilgrim's Pride Corp. (A) | 18,024 | 485,026 |
Sanderson Farms, Inc. | 6,378 | 967,096 |
Seaboard Corp. | 105 | 472,036 |
TreeHouse Foods, Inc. (A) | 16,542 | 1,107,983 |
Household products – 0.4% | ||
Energizer Holdings, Inc. | 20,652 | 989,024 |
Spectrum Brands Holdings, Inc. (B) | 9,642 | 593,658 |
Personal products – 0.3% | ||
Edgewell Personal Care Company (A) | 15,175 | 625,665 |
Nu Skin Enterprises, Inc., Class A | 16,116 | 819,821 |
Energy – 3.3% | 14,443,706 | |
Energy equipment and services – 1.0% | ||
Apergy Corp. (A) | 23,467 | 931,405 |
Cactus, Inc., Class A (A) | 10,787 | 391,568 |
Core Laboratories NV | 13,046 | 826,986 |
Patterson-UTI Energy, Inc. | 58,556 | 795,776 |
RPC, Inc. (B) | 19,973 | 205,522 |
Transocean, Ltd. (A) | 134,211 | 1,054,898 |
Oil, gas and consumable fuels – 2.3% | ||
Antero Midstream Corp. | 22,346 | 272,845 |
Centennial Resource Development, Inc., Class A (A) | 31,998 | 336,939 |
Chesapeake Energy Corp. (A)(B) | 372,083 | 1,082,762 |
CVR Energy, Inc. | 9,012 | 411,037 |
Delek US Holdings, Inc. | 23,941 | 887,253 |
EnLink Midstream LLC | 17,633 | 206,130 |
Equitrans Midstream Corp. | 62,629 | 1,304,562 |
Kosmos Energy, Ltd. | 70,979 | 474,850 |
Magnolia Oil & Gas Corp. (A)(B) | 32,774 | 431,961 |
Murphy Oil Corp. | 46,756 | 1,273,633 |
PBF Energy, Inc., Class A | 33,651 | 1,130,001 |
PDC Energy, Inc. (A) | 17,353 | 754,682 |
Peabody Energy Corp. | 22,037 | 634,004 |
Range Resources Corp. | 62,702 | 566,826 |
Southwestern Energy Company (A) | 119,004 | 470,066 |
Financials – 19.4% | 85,081,780 | |
Banks – 10.1% | ||
Associated Banc-Corp | 59,838 | 1,357,724 |
BancorpSouth Bank | 29,479 | 898,520 |
Bank of Hawaii Corp. | 16,215 | 1,335,792 |
Bank OZK | 25,125 | 820,331 |
BankUnited, Inc. | 31,520 | 1,153,002 |
Cadence Bancorp | 39,339 | 894,962 |
Cathay General Bancorp | 23,931 | 880,421 |
Chemical Financial Corp. | 21,389 | 939,619 |
CIT Group, Inc. | 4,143 | 220,698 |
Columbia Banking System, Inc. | 22,124 | 830,535 |
72 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Banks (continued) | ||
Community Bank System, Inc. | 15,457 | $1,027,272 |
CVB Financial Corp. | 33,789 | 733,221 |
Fifth Third Bancorp | 36,661 | 1,056,570 |
First Citizens BancShares, Inc., Class A | 2,388 | 1,070,421 |
First Financial Bancorp | 30,059 | 754,481 |
First Financial Bankshares, Inc. | 19,082 | 1,173,925 |
First Hawaiian, Inc. | 40,893 | 1,130,691 |
First Horizon National Corp. | 7,867 | 118,713 |
First Interstate BancSystem, Inc., Class A | 7,277 | 307,526 |
First Midwest Bancorp, Inc. | 30,130 | 646,891 |
FNB Corp. | 97,712 | 1,185,247 |
Fulton Financial Corp. | 73,087 | 1,260,751 |
Glacier Bancorp, Inc. | 25,533 | 1,087,450 |
Hancock Whitney Corp. | 30,451 | 1,331,927 |
Home BancShares, Inc. | 45,536 | 873,836 |
IBERIABANK Corp. | 16,617 | 1,321,052 |
International Bancshares Corp. | 16,762 | 695,120 |
Investors Bancorp, Inc. | 93,904 | 1,103,372 |
Old National Bancorp | 47,709 | 814,870 |
PacWest Bancorp | 35,815 | 1,416,483 |
Pinnacle Financial Partners, Inc. | 22,265 | 1,292,929 |
Prosperity Bancshares, Inc. | 17,867 | 1,315,726 |
Simmons First National Corp., Class A | 23,189 | 588,769 |
South State Corp. | 10,992 | 831,655 |
Sterling Bancorp | 62,331 | 1,335,130 |
TCF Financial Corp. | 52,984 | 1,172,536 |
Texas Capital Bancshares, Inc. (A) | 14,388 | 931,335 |
UMB Financial Corp. | 13,486 | 942,132 |
Umpqua Holdings Corp. | 68,530 | 1,189,681 |
Union Bankshares Corp. | 22,112 | 807,088 |
United Bankshares, Inc. | 31,004 | 1,216,597 |
Valley National Bancorp | 94,546 | 990,842 |
WesBanco, Inc. | 11,252 | 453,681 |
Western Alliance Bancorp (A) | 29,609 | 1,414,718 |
Wintrust Financial Corp. | 17,093 | 1,302,487 |
Capital markets – 2.9% | ||
Ares Management Corp., Class A | 15,615 | 381,787 |
BGC Partners, Inc., Class A | 71,521 | 386,213 |
Eaton Vance Corp. | 34,689 | 1,442,022 |
Evercore, Inc., Class A | 12,649 | 1,232,392 |
Federated Investors, Inc., Class B | 28,702 | 882,012 |
Hamilton Lane, Inc., Class A | 4,774 | 233,258 |
Houlihan Lokey, Inc. | 10,416 | 513,717 |
Interactive Brokers Group, Inc., Class A | 21,430 | 1,162,363 |
Janus Henderson Group PLC | 54,908 | 1,376,544 |
Lazard, Ltd., Class A | 36,639 | 1,424,524 |
Legg Mason, Inc. | 34,655 | 1,159,210 |
Moelis & Company, Class A | 13,741 | 562,694 |
PJT Partners, Inc., Class A | 6,154 | 265,360 |
Shares or Principal Amount | Value | |
Financials (continued) | ||
Capital markets (continued) | ||
Stifel Financial Corp. | 21,884 | $1,305,818 |
Virtu Financial, Inc., Class A (B) | 13,844 | 340,286 |
Consumer finance – 1.3% | ||
FirstCash, Inc. | 13,911 | 1,358,826 |
Green Dot Corp., Class A (A) | 14,729 | 939,268 |
Navient Corp. | 77,802 | 1,051,105 |
OneMain Holdings, Inc. | 24,306 | 825,675 |
SLM Corp. | 129,820 | 1,318,971 |
Insurance – 3.6% | ||
American Equity Investment Life Holding Company | 26,890 | 790,835 |
American National Insurance Company | 3,283 | 371,931 |
Assured Guaranty, Ltd. | 32,769 | 1,563,081 |
Axis Capital Holdings, Ltd. | 25,737 | 1,463,148 |
Brighthouse Financial, Inc. (A) | 30,974 | 1,294,403 |
Enstar Group, Ltd. (A) | 3,336 | 591,339 |
Kemper Corp. | 13,939 | 1,252,837 |
Mercury General Corp. | 9,598 | 516,180 |
National General Holdings Corp. | 19,980 | 492,507 |
Primerica, Inc. | 15,788 | 2,057,019 |
RLI Corp. | 15,569 | 1,266,227 |
Selective Insurance Group, Inc. | 17,855 | 1,273,240 |
The Hanover Insurance Group, Inc. | 15,443 | 1,862,580 |
White Mountains Insurance Group, Ltd. | 1,274 | 1,196,337 |
Thrifts and mortgage finance – 1.5% | ||
Essent Group, Ltd. (A) | 26,607 | 1,262,502 |
LendingTree, Inc. (A)(B) | 2,490 | 958,202 |
MGIC Investment Corp. (A) | 106,866 | 1,564,518 |
Radian Group, Inc. | 63,917 | 1,496,936 |
TFS Financial Corp. | 16,992 | 282,747 |
Washington Federal, Inc. | 34,292 | 1,136,437 |
Health care – 8.2% | 36,207,037 | |
Biotechnology – 1.6% | ||
Agios Pharmaceuticals, Inc. (A)(B) | 15,194 | 849,648 |
Allogene Therapeutics, Inc. (A)(B) | 6,577 | 196,981 |
Emergent BioSolutions, Inc. (A) | 12,744 | 658,610 |
FibroGen, Inc. (A) | 22,398 | 1,046,659 |
Genomic Health, Inc. (A) | 6,387 | 410,876 |
Global Blood Therapeutics, Inc. (A)(B) | 15,659 | 867,509 |
Halozyme Therapeutics, Inc. (A) | 37,656 | 607,391 |
Ligand Pharmaceuticals, Inc. (A)(B) | 6,137 | 772,341 |
Repligen Corp. (A) | 10,344 | 696,979 |
Ultragenyx Pharmaceutical, Inc. (A) | 15,414 | 1,017,324 |
Health care equipment and supplies – 2.7% | ||
Cantel Medical Corp. | 11,651 | 803,220 |
Globus Medical, Inc., Class A (A) | 23,137 | 1,043,247 |
Haemonetics Corp. (A) | 15,686 | 1,369,074 |
Inogen, Inc. (A)(B) | 5,354 | 467,404 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 73 |
Shares or Principal Amount | Value | |
Health care (continued) | ||
Health care equipment and supplies (continued) | ||
Integer Holdings Corp. (A) | 8,464 | $584,778 |
Integra LifeSciences Holdings Corp. (A) | 21,494 | 1,121,772 |
LivaNova PLC (A) | 14,039 | 967,147 |
Merit Medical Systems, Inc. (A) | 15,923 | 894,554 |
Neogen Corp. (A) | 15,349 | 931,070 |
NuVasive, Inc. (A) | 15,711 | 952,087 |
Penumbra, Inc. (A)(B) | 8,998 | 1,210,231 |
Quidel Corp. (A) | 9,676 | 618,683 |
Wright Medical Group NV (A) | 35,405 | 1,046,914 |
Health care providers and services – 2.2% | ||
Acadia Healthcare Company, Inc. (A)(B) | 21,354 | 683,755 |
Amedisys, Inc. (A) | 8,270 | 1,057,071 |
AMN Healthcare Services, Inc. (A) | 14,462 | 752,892 |
Chemed Corp. | 5,004 | 1,635,207 |
Covetrus, Inc. (A) | 32,665 | 1,073,699 |
HealthEquity, Inc. (A) | 15,312 | 1,037,388 |
LHC Group, Inc. (A) | 8,453 | 939,213 |
MEDNAX, Inc. (A) | 20,336 | 568,798 |
Premier, Inc., Class A (A) | 19,055 | 633,198 |
Tenet Healthcare Corp. (A) | 29,844 | 653,584 |
The Ensign Group, Inc. | 14,773 | 761,105 |
Health care technology – 1.0% | ||
HMS Holdings Corp. (A) | 25,117 | 764,310 |
Medidata Solutions, Inc. (A) | 18,231 | 1,646,989 |
Omnicell, Inc. (A) | 12,141 | 975,651 |
Teladoc Health, Inc. (A)(B) | 18,422 | 1,047,843 |
Life sciences tools and services – 0.2% | ||
Syneos Health, Inc. (A) | 18,009 | 845,162 |
Pharmaceuticals – 0.5% | ||
Amneal Pharmaceuticals, Inc. (A)(B) | 26,877 | 345,907 |
Endo International PLC (A) | 40,861 | 306,458 |
Horizon Pharma PLC (A) | 52,656 | 1,344,308 |
Industrials – 15.9% | 69,783,214 | |
Aerospace and defense – 0.9% | ||
Aerojet Rocketdyne Holdings, Inc. (A) | 21,421 | 725,315 |
BWX Technologies, Inc. | 28,555 | 1,459,161 |
Mercury Systems, Inc. (A) | 14,430 | 1,053,679 |
Moog, Inc., Class A | 9,939 | 930,688 |
Airlines – 0.7% | ||
Copa Holdings SA, Class A | 9,502 | 791,137 |
SkyWest, Inc. | 16,543 | 1,018,883 |
Spirit Airlines, Inc. (A) | 21,561 | 1,172,487 |
Building products – 0.9% | ||
Armstrong World Industries, Inc. | 14,246 | 1,234,701 |
Resideo Technologies, Inc. (A) | 37,369 | 848,276 |
Simpson Manufacturing Company, Inc. | 12,223 | 778,361 |
Trex Company, Inc. (A) | 17,527 | 1,214,095 |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Commercial services and supplies – 1.9% | ||
Cimpress NV (A) | 7,031 | $635,602 |
Clean Harbors, Inc. (A) | 16,616 | 1,262,816 |
Healthcare Services Group, Inc. (B) | 22,894 | 774,962 |
MSA Safety, Inc. | 11,192 | 1,230,113 |
Stericycle, Inc. (A) | 23,627 | 1,379,581 |
Tetra Tech, Inc. | 16,625 | 1,075,970 |
The Brink's Company | 15,060 | 1,203,746 |
UniFirst Corp. | 4,795 | 758,233 |
Construction and engineering – 1.8% | ||
AECOM (A) | 46,400 | 1,572,960 |
EMCOR Group, Inc. | 22,652 | 1,905,939 |
KBR, Inc. | 42,552 | 945,505 |
MasTec, Inc. (A) | 19,786 | 1,002,161 |
Quanta Services, Inc. | 33,551 | 1,362,171 |
Valmont Industries, Inc. | 7,151 | 964,241 |
Electrical equipment – 1.2% | ||
EnerSys | 16,856 | 1,166,267 |
Generac Holdings, Inc. (A) | 20,847 | 1,146,377 |
GrafTech International, Ltd. | 21,413 | 245,179 |
nVent Electric PLC | 50,391 | 1,408,428 |
Regal Beloit Corp. | 15,330 | 1,304,276 |
Machinery – 3.8% | ||
AGCO Corp. | 12,975 | 918,371 |
Barnes Group, Inc. | 15,493 | 861,721 |
Chart Industries, Inc. (A) | 8,273 | 730,258 |
Colfax Corp. (A) | 27,205 | 820,775 |
Crane Company | 1,669 | 141,948 |
Gates Industrial Corp. PLC (A) | 17,137 | 275,563 |
Hillenbrand, Inc. | 18,970 | 816,089 |
ITT, Inc. | 32,147 | 1,946,501 |
John Bean Technologies Corp. | 9,535 | 1,046,848 |
Kennametal, Inc. | 24,846 | 1,011,232 |
Navistar International Corp. (A) | 15,225 | 519,782 |
Oshkosh Corp. | 14,639 | 1,209,035 |
Proto Labs, Inc. (A) | 7,903 | 867,670 |
RBC Bearings, Inc. (A) | 7,381 | 1,015,257 |
Rexnord Corp. (A) | 32,175 | 920,205 |
Terex Corp. | 30,312 | 1,010,299 |
The Timken Company | 22,064 | 1,057,969 |
Trinity Industries, Inc. | 42,009 | 905,714 |
Watts Water Technologies, Inc., Class A | 8,340 | 713,821 |
Marine – 0.4% | ||
Kirby Corp. (A) | 18,974 | 1,550,555 |
Professional services – 1.3% | ||
ASGN, Inc. (A) | 15,712 | 990,484 |
Exponent, Inc. | 15,527 | 879,139 |
FTI Consulting, Inc. (A) | 11,316 | 961,634 |
Insperity, Inc. | 10,916 | 1,305,117 |
Korn Ferry | 16,088 | 756,458 |
74 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Industrials (continued) | ||
Professional services (continued) | ||
TriNet Group, Inc. (A) | 13,671 | $852,250 |
Road and rail – 1.4% | ||
Avis Budget Group, Inc. (A) | 21,779 | 774,243 |
Genesee & Wyoming, Inc., Class A (A) | 18,832 | 1,669,457 |
Landstar System, Inc. | 14,953 | 1,629,279 |
Ryder System, Inc. | 16,210 | 1,021,230 |
Schneider National, Inc., Class B | 20,384 | 426,026 |
Werner Enterprises, Inc. | 13,879 | 464,947 |
Trading companies and distributors – 1.4% | ||
Air Lease Corp. | 31,242 | 1,204,692 |
Beacon Roofing Supply, Inc. (A) | 19,486 | 733,843 |
GATX Corp. | 11,540 | 890,080 |
MSC Industrial Direct Company, Inc., Class A | 13,843 | 1,157,967 |
Triton International, Ltd. | 15,113 | 497,973 |
Univar, Inc. (A) | 32,378 | 723,001 |
WESCO International, Inc. (A) | 16,182 | 926,258 |
Transportation infrastructure – 0.2% | ||
Macquarie Infrastructure Corp. | 24,888 | 1,008,213 |
Information technology – 12.9% | 56,638,661 | |
Communications equipment – 1.2% | ||
EchoStar Corp., Class A (A) | 9,979 | 397,663 |
Finisar Corp. (A) | 35,019 | 844,308 |
Lumentum Holdings, Inc. (A) | 22,955 | 1,422,521 |
ViaSat, Inc. (A) | 17,477 | 1,587,261 |
Viavi Solutions, Inc. (A) | 67,640 | 899,612 |
Electronic equipment, instruments and components – 2.8% | ||
Avnet, Inc. | 32,119 | 1,561,305 |
AVX Corp. | 17,692 | 288,557 |
Belden, Inc. | 16,686 | 926,907 |
Coherent, Inc. (A) | 7,104 | 1,051,463 |
II-VI, Inc. (A) | 18,532 | 738,315 |
Jabil, Inc. | 46,929 | 1,417,725 |
Littelfuse, Inc. | 7,532 | 1,514,309 |
Novanta, Inc. (A) | 10,036 | 873,333 |
Rogers Corp. (A) | 5,507 | 922,533 |
SYNNEX Corp. | 8,005 | 863,579 |
Tech Data Corp. (A) | 14,017 | 1,494,352 |
Vishay Intertechnology, Inc. | 41,672 | 825,522 |
IT services – 1.9% | ||
CACI International, Inc., Class A (A) | 7,497 | 1,461,465 |
Conduent, Inc. (A) | 54,813 | 703,251 |
CoreLogic, Inc. (A) | 31,240 | 1,268,656 |
LiveRamp Holdings, Inc. (A) | 19,389 | 1,130,960 |
MAXIMUS, Inc. | 23,569 | 1,735,857 |
Perspecta, Inc. | 44,538 | 1,027,937 |
Science Applications International Corp. | 15,898 | 1,191,555 |
Semiconductors and semiconductor equipment – 2.2% | ||
Cabot Microelectronics Corp. | 8,775 | 1,107,844 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Semiconductors and semiconductor equipment (continued) | ||
Cirrus Logic, Inc. (A) | 18,697 | $889,603 |
Entegris, Inc. | 42,333 | 1,729,726 |
MKS Instruments, Inc. | 16,175 | 1,472,087 |
Semtech Corp. (A) | 19,650 | 1,058,546 |
Silicon Laboratories, Inc. (A) | 15,441 | 1,662,378 |
Versum Materials, Inc. | 33,676 | 1,757,214 |
Software – 4.2% | ||
2U, Inc. (A)(B) | 17,548 | 1,061,654 |
ACI Worldwide, Inc. (A) | 35,124 | 1,247,604 |
Alarm.com Holdings, Inc. (A) | 10,511 | 745,020 |
Alteryx, Inc., Class A (A) | 10,739 | 951,905 |
Anaplan, Inc. (A) | 4,855 | 191,141 |
Appfolio, Inc., Class A (A) | 2,659 | 258,215 |
Blackbaud, Inc. | 14,916 | 1,182,690 |
Cloudera, Inc. (A) | 59,881 | 666,476 |
Envestnet, Inc. (A) | 13,742 | 975,545 |
FireEye, Inc. (A) | 58,077 | 930,394 |
j2 Global, Inc. | 17,016 | 1,490,942 |
LogMeIn, Inc. | 2,142 | 176,501 |
Manhattan Associates, Inc. (A) | 20,206 | 1,362,895 |
Mimecast, Ltd. (A) | 12,275 | 632,285 |
Nuance Communications, Inc. (A) | 89,100 | 1,499,553 |
Paylocity Holding Corp. (A) | 9,757 | 942,038 |
Pegasystems, Inc. | 12,246 | 918,572 |
Pluralsight, Inc., Class A (A) | 12,380 | 439,366 |
Qualys, Inc. (A) | 9,877 | 891,498 |
Smartsheet, Inc., Class A (A) | 8,159 | 345,370 |
Tenable Holdings, Inc. (A)(B) | 6,890 | 247,351 |
Verint Systems, Inc. (A) | 19,694 | 1,189,321 |
Technology hardware, storage and peripherals – 0.6% | ||
NCR Corp. (A) | 35,184 | 1,018,577 |
Pure Storage, Inc., Class A (A) | 63,316 | 1,447,404 |
Materials – 6.0% | 26,375,206 | |
Chemicals – 3.6% | ||
Ashland Global Holdings, Inc. | 18,840 | 1,517,185 |
Balchem Corp. | 9,556 | 970,030 |
Cabot Corp. | 22,609 | 1,025,996 |
Element Solutions, Inc. (A) | 69,392 | 753,597 |
HB Fuller Company | 17,413 | 852,715 |
Ingevity Corp. (A) | 12,594 | 1,448,436 |
NewMarket Corp. | 2,863 | 1,201,258 |
Olin Corp. | 51,639 | 1,120,050 |
PolyOne Corp. | 31,079 | 859,024 |
Quaker Chemical Corp. | 3,978 | 890,356 |
Sensient Technologies Corp. | 17,136 | 1,201,576 |
The Scotts Miracle-Gro Company | 12,398 | 1,054,078 |
Valvoline, Inc. | 59,461 | 1,100,029 |
W.R. Grace & Company | 20,694 | 1,564,053 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 75 |
Shares or Principal Amount | Value | |
Materials (continued) | ||
Construction materials – 0.3% | ||
Eagle Materials, Inc. | 15,187 | $1,380,650 |
Containers and packaging – 1.1% | ||
Ardagh Group SA | 5,763 | 79,990 |
Bemis Company, Inc. | 27,546 | 1,581,691 |
Graphic Packaging Holding Company | 92,973 | 1,290,465 |
Owens-Illinois, Inc. | 48,325 | 954,902 |
Silgan Holdings, Inc. | 31,759 | 950,864 |
Metals and mining – 0.5% | ||
Allegheny Technologies, Inc. (A)(B) | 37,927 | 945,141 |
Cleveland-Cliffs, Inc. (B) | 86,088 | 860,019 |
United States Steel Corp. | 36,871 | 575,188 |
Paper and forest products – 0.5% | ||
Domtar Corp. | 21,793 | 1,065,678 |
Louisiana-Pacific Corp. | 45,199 | 1,132,235 |
Real estate – 10.7% | 46,774,271 | |
Equity real estate investment trusts – 10.1% | ||
Americold Realty Trust | 29,232 | 935,716 |
Apple Hospitality REIT, Inc. | 66,422 | 1,092,642 |
Brandywine Realty Trust | 56,237 | 865,487 |
Brixmor Property Group, Inc. | 91,132 | 1,629,440 |
Colony Capital, Inc. | 147,102 | 756,104 |
Columbia Property Trust, Inc. | 41,138 | 934,244 |
CoreCivic, Inc. | 34,212 | 711,952 |
CoreSite Realty Corp. | 10,982 | 1,201,541 |
Corporate Office Properties Trust | 33,844 | 943,571 |
Cousins Properties, Inc. | 130,040 | 1,244,483 |
EastGroup Properties, Inc. | 10,977 | 1,255,000 |
Empire State Realty Trust, Inc., Class A | 50,159 | 775,458 |
Equity Commonwealth | 39,060 | 1,242,108 |
First Industrial Realty Trust, Inc. | 38,086 | 1,343,293 |
Healthcare Realty Trust, Inc. | 38,157 | 1,178,288 |
Highwoods Properties, Inc. | 31,521 | 1,405,206 |
Hospitality Properties Trust | 52,165 | 1,356,290 |
Hudson Pacific Properties, Inc. | 34,892 | 1,216,335 |
JBG SMITH Properties | 35,313 | 1,502,568 |
Life Storage, Inc. | 14,107 | 1,344,256 |
National Health Investors, Inc. | 12,905 | 973,424 |
Outfront Media, Inc. | 42,447 | 1,011,512 |
Paramount Group, Inc. | 63,759 | 923,868 |
Pebblebrook Hotel Trust | 39,329 | 1,280,552 |
Physicians Realty Trust | 55,604 | 1,004,208 |
Piedmont Office Realty Trust, Inc., Class A | 51,937 | 1,081,328 |
PotlatchDeltic Corp. | 19,042 | 736,164 |
PS Business Parks, Inc. | 6,922 | 1,063,358 |
Rayonier, Inc. | 38,945 | 1,238,062 |
Retail Properties of America, Inc., Class A | 79,659 | 979,009 |
Rexford Industrial Realty, Inc. | 29,387 | 1,113,473 |
RLJ Lodging Trust | 54,016 | 994,435 |
Shares or Principal Amount | Value | |
Real estate (continued) | ||
Equity real estate investment trusts (continued) | ||
Ryman Hospitality Properties, Inc. | 16,841 | $1,340,544 |
Sabra Health Care REIT, Inc. | 55,555 | 1,086,656 |
Senior Housing Properties Trust | 78,879 | 633,398 |
Spirit Realty Capital, Inc. | 27,215 | 1,101,119 |
STAG Industrial, Inc. | 34,352 | 988,651 |
Sunstone Hotel Investors, Inc. | 69,289 | 997,762 |
Taubman Centers, Inc. | 19,155 | 944,342 |
The GEO Group, Inc. | 36,491 | 730,550 |
Weingarten Realty Investors | 37,508 | 1,085,482 |
Real estate management and development – 0.6% | ||
Cushman & Wakefield PLC (A) | 15,747 | 309,271 |
Kennedy-Wilson Holdings, Inc. | 39,442 | 849,581 |
Newmark Group, Inc., Class A | 5,045 | 42,983 |
The Howard Hughes Corp. (A) | 11,987 | 1,330,557 |
Utilities – 4.9% | 21,478,948 | |
Electric utilities – 1.8% | ||
ALLETE, Inc. | 15,978 | 1,301,408 |
Hawaiian Electric Industries, Inc. | 42,825 | 1,776,381 |
IDACORP, Inc. | 18,532 | 1,835,039 |
PNM Resources, Inc. | 26,917 | 1,250,025 |
Portland General Electric Company | 33,145 | 1,733,815 |
Gas utilities – 1.8% | ||
National Fuel Gas Company | 22,817 | 1,350,995 |
New Jersey Resources Corp. | 30,165 | 1,510,663 |
ONE Gas, Inc. | 15,980 | 1,414,550 |
South Jersey Industries, Inc. | 27,401 | 880,120 |
Southwest Gas Holdings, Inc. | 18,746 | 1,559,480 |
Spire, Inc. | 15,308 | 1,288,781 |
Independent power and renewable electricity producers –0.4% | ||
Clearway Energy, Inc., Class A | 10,790 | 165,842 |
Clearway Energy, Inc., Class C | 22,562 | 358,059 |
Ormat Technologies, Inc. | 13,028 | 760,314 |
TerraForm Power, Inc., Class A | 18,089 | 245,287 |
Multi-utilities – 0.7% | ||
Avista Corp. | 21,121 | 911,160 |
Black Hills Corp. | 17,988 | 1,308,807 |
NorthWestern Corp. | 15,091 | 1,054,106 |
Water utilities – 0.2% | ||
American States Water Company | 10,877 | 774,116 |
SECURITIES LENDING COLLATERAL – 3.9% | $17,290,805 | |
(Cost $17,290,515) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 1,727,836 | 17,290,805 |
76 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.1% | $349,055 | |
(Cost $349,055) | ||
Money market funds – 0.1% | 349,055 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 349,055 | 349,055 |
Total investments (Multifactor Small Cap ETF) (Cost $443,314,310) 104.0% | $456,276,046 | |
Other assets and liabilities, net (4.0%) | (17,342,976) | |
Total net assets 100.0% | $438,933,070 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(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% | $61,765,356 | |
(Cost $54,728,264) | ||
Health care – 0.8% | 493,206 | |
Health care technology – 0.8% | ||
Medidata Solutions, Inc. (A) | 1,708 | 154,301 |
Veeva Systems, Inc., Class A (A) | 2,423 | 338,905 |
Industrials – 1.4% | 858,413 | |
Professional services – 1.4% | ||
Verisk Analytics, Inc. | 6,082 | 858,413 |
Information technology – 97.8% | 60,413,737 | |
Communications equipment – 8.3% | ||
Arista Networks, Inc. (A) | 979 | 305,732 |
Ciena Corp. (A) | 5,779 | 221,682 |
Cisco Systems, Inc. | 52,993 | 2,964,958 |
CommScope Holding Company, Inc. (A) | 6,660 | 165,035 |
F5 Networks, Inc. (A) | 2,133 | 334,668 |
Juniper Networks, Inc. | 11,484 | 318,911 |
Lumentum Holdings, Inc. (A) | 1,272 | 78,826 |
Motorola Solutions, Inc. | 4,364 | 632,387 |
Ubiquiti Networks, Inc. (B) | 687 | 117,099 |
Electronic equipment, instruments and components – 4.8% | ||
CDW Corp. | 4,872 | 514,483 |
Corning, Inc. | 25,903 | 825,011 |
FLIR Systems, Inc. | 5,686 | 301,017 |
Jabil, Inc. | 9,322 | 281,618 |
Littelfuse, Inc. | 1,041 | 209,293 |
National Instruments Corp. | 4,685 | 220,664 |
SYNNEX Corp. | 1,822 | 196,557 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Electronic equipment, instruments andcomponents (continued) | ||
Trimble, Inc. (A) | 10,548 | $430,569 |
IT services – 15.6% | ||
Akamai Technologies, Inc. (A) | 5,390 | 431,523 |
Amdocs, Ltd. | 4,331 | 238,551 |
Black Knight, Inc. (A) | 5,970 | 336,827 |
CACI International, Inc., Class A (A) | 916 | 178,565 |
Cognizant Technology Solutions Corp., Class A | 8,413 | 613,812 |
DXC Technology Company | 8,158 | 536,307 |
EPAM Systems, Inc. (A) | 1,338 | 239,984 |
First Data Corp., Class A (A) | 24,142 | 624,312 |
Fiserv, Inc. (A) | 8,216 | 716,764 |
Genpact, Ltd. | 5,739 | 208,326 |
GoDaddy, Inc., Class A (A) | 3,889 | 316,954 |
IBM Corp. | 9,859 | 1,382,922 |
Jack Henry & Associates, Inc. | 3,021 | 450,310 |
Leidos Holdings, Inc. | 4,640 | 340,947 |
MAXIMUS, Inc. | 3,214 | 236,711 |
MongoDB, Inc. (A)(B) | 712 | 100,335 |
Okta, Inc. (A) | 1,942 | 202,026 |
Science Applications International Corp. | 2,229 | 167,064 |
Square, Inc., Class A (A) | 3,002 | 218,606 |
Total System Services, Inc. | 7,129 | 728,869 |
Twilio, Inc., Class A (A) | 3,262 | 447,351 |
VeriSign, Inc. (A) | 2,868 | 566,287 |
WEX, Inc. (A) | 1,808 | 380,222 |
Semiconductors and semiconductor equipment – 28.2% | ||
Advanced Micro Devices, Inc. (A) | 21,433 | 592,194 |
Analog Devices, Inc. | 6,135 | 713,132 |
Applied Materials, Inc. | 11,766 | 518,528 |
Broadcom, Inc. | 5,432 | 1,729,549 |
Cree, Inc. (A) | 3,785 | 250,151 |
Cypress Semiconductor Corp. | 8,675 | 149,037 |
Entegris, Inc. | 4,688 | 191,552 |
Intel Corp. | 64,492 | 3,291,672 |
KLA-Tencor Corp. | 5,724 | 729,696 |
Lam Research Corp. | 4,967 | 1,030,305 |
Marvell Technology Group, Ltd. | 14,819 | 370,771 |
Maxim Integrated Products, Inc. | 12,001 | 720,060 |
Microchip Technology, Inc. (B) | 8,222 | 821,296 |
Micron Technology, Inc. (A) | 23,468 | 987,064 |
Monolithic Power Systems, Inc. | 966 | 150,416 |
NVIDIA Corp. | 4,138 | 748,978 |
ON Semiconductor Corp. (A) | 15,066 | 347,422 |
Qorvo, Inc. (A) | 4,140 | 313,025 |
QUALCOMM, Inc. | 13,116 | 1,129,681 |
Skyworks Solutions, Inc. | 5,783 | 509,945 |
Teradyne, Inc. | 7,177 | 351,673 |
Texas Instruments, Inc. | 10,225 | 1,204,812 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 77 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Semiconductors and semiconductor equipment (continued) | ||
Universal Display Corp. (B) | 989 | $157,844 |
Xilinx, Inc. | 3,186 | 382,766 |
Software – 29.0% | ||
2U, Inc. (A) | 907 | 54,874 |
Adobe, Inc. (A) | 3,659 | 1,058,366 |
Alteryx, Inc., Class A (A) | 816 | 72,330 |
Anaplan, Inc. (A) | 416 | 16,378 |
ANSYS, Inc. (A) | 2,496 | 488,717 |
Aspen Technology, Inc. (A) | 1,751 | 213,464 |
Atlassian Corp. PLC, Class A (A) | 2,187 | 240,898 |
Autodesk, Inc. (A) | 2,007 | 357,667 |
Blackbaud, Inc. | 1,240 | 98,320 |
Cadence Design Systems, Inc. (A) | 6,623 | 459,504 |
CDK Global, Inc. | 3,217 | 194,049 |
Ceridian HCM Holding, Inc. (A) | 910 | 48,367 |
Citrix Systems, Inc. | 4,390 | 443,214 |
Cloudera, Inc. (A) | 4,936 | 54,938 |
Coupa Software, Inc. (A) | 1,107 | 114,386 |
DocuSign, Inc. (A) | 2,552 | 144,622 |
Dropbox, Inc., Class A (A) | 3,701 | 90,230 |
Elastic NV (A)(B) | 199 | 17,024 |
Fortinet, Inc. (A) | 2,639 | 246,535 |
Guidewire Software, Inc. (A) | 2,537 | 270,191 |
j2 Global, Inc. | 1,977 | 173,225 |
LogMeIn, Inc. | 1,308 | 107,779 |
Microsoft Corp. | 30,486 | 3,981,472 |
New Relic, Inc. (A) | 859 | 90,401 |
Nuance Communications, Inc. (A) | 9,809 | 165,085 |
Nutanix, Inc., Class A (A)(B) | 2,780 | 120,068 |
Oracle Corp. | 34,725 | 1,921,334 |
Palo Alto Networks, Inc. (A) | 1,803 | 448,640 |
Pegasystems, Inc. | 1,071 | 80,336 |
Pivotal Software, Inc., Class A (A) | 2,303 | 49,975 |
Pluralsight, Inc., Class A (A) | 1,029 | 36,519 |
Proofpoint, Inc. (A) | 1,078 | 135,203 |
PTC, Inc. (A) | 3,021 | 273,310 |
RealPage, Inc. (A) | 2,386 | 155,591 |
Red Hat, Inc. (A) | 2,221 | 405,399 |
RingCentral, Inc., Class A (A) | 1,396 | 162,453 |
salesforce.com, Inc. (A) | 7,258 | 1,200,110 |
ServiceNow, Inc. (A) | 1,654 | 449,078 |
Smartsheet, Inc., Class A (A) | 646 | 27,345 |
SolarWinds Corp. (A) | 1,017 | 19,882 |
Splunk, Inc. (A) | 2,857 | 394,380 |
SS&C Technologies Holdings, Inc. | 7,907 | 534,988 |
Symantec Corp. | 13,663 | 330,781 |
Synopsys, Inc. (A) | 5,116 | 619,445 |
Tableau Software, Inc., Class A (A) | 1,428 | 173,945 |
Teradata Corp. (A) | 3,714 | 168,876 |
Shares or Principal Amount | Value | |
Information technology (continued) | ||
Software (continued) | ||
Tyler Technologies, Inc. (A) | 1,159 | $268,784 |
VMware, Inc., Class A | 859 | 175,348 |
Workday, Inc., Class A (A) | 1,379 | 283,564 |
Zendesk, Inc. (A) | 2,156 | 189,254 |
Zscaler, Inc. (A) | 1,094 | 74,731 |
Technology hardware, storage and peripherals – 11.9% | ||
Apple, Inc. | 19,709 | 3,955,002 |
Dell Technologies, Inc., Class C (A) | 3,518 | 237,148 |
Hewlett Packard Enterprise Company | 48,038 | 759,481 |
HP, Inc. | 19,844 | 395,888 |
NetApp, Inc. | 8,279 | 603,125 |
Pure Storage, Inc., Class A (A) | 6,476 | 148,041 |
Seagate Technology PLC | 9,054 | 437,489 |
Western Digital Corp. | 10,047 | 513,603 |
Xerox Corp. | 8,661 | 288,931 |
SECURITIES LENDING COLLATERAL – 1.0% | $595,033 | |
(Cost $595,027) | ||
John Hancock Collateral Trust, 2.5189% (C)(D) | 59,460 | 595,033 |
SHORT-TERM INVESTMENTS – 0.1% | $84,834 | |
(Cost $84,834) | ||
Money market funds – 0.1% | 84,834 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (C) | 84,834 | 84,834 |
Total investments (Multifactor Technology ETF) (Cost $55,408,125) 101.1% | $62,445,223 | |
Other assets and liabilities, net (1.1%) | (657,364) | |
Total net assets 100.0% | $61,787,859 |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 4-30-19. |
(C) | The rate shown is the annualized seven-day yield as of 4-30-19. |
(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% | $29,431,041 | |
(Cost $27,414,694) | ||
Utilities – 99.9% | 29,431,041 | |
Electric utilities – 57.1% | ||
ALLETE, Inc. | 1,973 | 160,701 |
Alliant Energy Corp. | 10,671 | 503,991 |
American Electric Power Company, Inc. | 13,038 | 1,115,401 |
Avangrid, Inc. | 3,018 | 154,552 |
Duke Energy Corp. | 10,586 | 964,596 |
78 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares or Principal Amount | Value | |
Utilities (continued) | ||
Electric utilities (continued) | ||
Edison International | 17,251 | $1,100,096 |
Entergy Corp. | 11,563 | 1,120,455 |
Evergy, Inc. | 12,969 | 749,868 |
Eversource Energy | 16,752 | 1,200,448 |
Exelon Corp. | 33,674 | 1,715,690 |
FirstEnergy Corp. | 23,164 | 973,583 |
Hawaiian Electric Industries, Inc. | 6,682 | 277,169 |
IDACORP, Inc. | 1,722 | 170,512 |
NextEra Energy, Inc. | 4,689 | 911,729 |
OGE Energy Corp. | 6,704 | 283,847 |
Pinnacle West Capital Corp. | 7,062 | 672,797 |
Portland General Electric Company | 5,385 | 281,689 |
PPL Corp. | 49,347 | 1,540,120 |
The Southern Company | 27,331 | 1,454,556 |
Xcel Energy, Inc. | 26,206 | 1,480,639 |
Gas utilities – 5.8% | ||
Atmos Energy Corp. | 4,632 | 474,039 |
New Jersey Resources Corp. | 2,120 | 106,170 |
ONE Gas, Inc. | 2,469 | 218,556 |
Southwest Gas Holdings, Inc. | 3,201 | 266,291 |
Spire, Inc. | 1,943 | 163,581 |
UGI Corp. | 8,857 | 482,795 |
Independent power and renewable electricity producers –4.5% | ||
AES Corp. | 29,721 | 508,824 |
NRG Energy, Inc. | 10,239 | 421,540 |
Vistra Energy Corp. | 13,898 | 378,721 |
Multi-utilities – 29.3% | ||
Ameren Corp. | 14,539 | 1,058,003 |
Black Hills Corp. | 3,221 | 234,360 |
CenterPoint Energy, Inc. | 21,282 | 659,742 |
CMS Energy Corp. | 12,308 | 683,709 |
Consolidated Edison, Inc. | 15,974 | 1,376,320 |
Dominion Energy, Inc. | 10,066 | 783,839 |
DTE Energy Company | 8,633 | 1,085,254 |
NiSource, Inc. | 15,087 | 419,117 |
Public Service Enterprise Group, Inc. | 13,383 | 798,296 |
Sempra Energy | 4,336 | 554,791 |
WEC Energy Group, Inc. | 12,490 | 979,591 |
Water utilities – 3.2% | ||
American Water Works Company, Inc. | 6,812 | 736,990 |
Aqua America, Inc. | 5,327 | 208,073 |
Shares or Principal Amount | Value | |
SHORT-TERM INVESTMENTS – 0.2% | $69,219 | |
(Cost $69,219) | ||
Money market funds – 0.2% | 69,219 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.3673% (A) | 69,219 | 69,219 |
Total investments (Multifactor Utilities ETF) (Cost $27,483,913) 100.1% | $29,500,260 | |
Other assets and liabilities, net (0.1%) | (33,349) | |
Total net assets 100.0% | $29,466,911 |
Security Abbreviations and Legend | |
(A) | The rate shown is the annualized seven-day yield as of 4-30-19. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 79 |
Financial statements |
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Emerging Markets ETF | |
Assets | ||||
Unaffiliated investments, at value | $42,190,882 | $28,869,615 | $508,242,650 | $815,952,102 |
Affiliated investments, at value | 1,156,793 | 216,306 | 30,501,151 | 4,188,357 |
Total investments, at value | 43,347,675 | 29,085,921 | 538,743,801 | 820,140,459 |
Foreign currency, at value | — | — | 938,146 | 2,131,839 |
Dividends and interest receivable | 25,523 | 42,206 | 2,839,962 | 763,937 |
Receivable for fund shares sold | 674,586 | — | — | 2,587,297 |
Receivable for securities lending income | 328 | 109 | 20,797 | 4,475 |
Other assets | 7,701 | 7,594 | 10,749 | 39,170 |
Total assets | 44,055,813 | 29,135,830 | 542,553,455 | 825,667,177 |
Liabilities | ||||
Payable for investments purchased | 673,565 | — | 16,781 | 3,395,618 |
Payable upon return of securities loaned | 1,157,527 | 216,307 | 30,498,866 | 4,187,533 |
Payable to affiliates | ||||
Investment management fees | 5,058 | 846 | 139,957 | 267,565 |
Accounting and legal services fees | 2,513 | 1,690 | 30,048 | 43,594 |
Transfer agent fees | 5,001 | 5,001 | 5,000 | 2,084 |
Trustees' fees | 25 | 18 | 313 | 492 |
Other liabilities and accrued expenses | 50,478 | 49,671 | 95,314 | 188,070 |
Total liabilities | 1,894,167 | 273,533 | 30,786,279 | 8,084,956 |
Net assets | $42,161,646 | $28,862,297 | $511,767,176 | $817,582,221 |
Net assets consist of | ||||
Paid-in capital | $41,608,042 | $28,145,006 | $475,566,537 | $775,727,726 |
Total distributable earnings (loss) | 553,604 | 717,291 | 36,200,639 | 41,854,495 |
Net assets | $42,161,646 | $28,862,297 | $511,767,176 | $817,582,221 |
Unaffiliated investments, at cost | $38,701,293 | $27,695,583 | $475,014,873 | $774,575,479 |
Affiliated investments, at cost | $1,156,784 | $216,302 | $30,500,680 | $4,188,295 |
Foreign currency, at cost | — | — | $943,994 | $2,158,631 |
Securities loaned, at value | $1,127,293 | $213,221 | $29,086,028 | $3,943,781 |
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 | $42,161,646 | $28,862,297 | $511,767,176 | $817,582,221 |
Shares outstanding | 1,250,000 | 1,030,000 | 17,800,000 | 31,600,000 |
Net asset value per share | $33.73 | $28.02 | $28.75 | $25.87 |
80 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Energy ETF | Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | |
Assets | ||||
Unaffiliated investments, at value | $26,244,469 | $47,654,777 | $53,686,684 | $32,213,739 |
Affiliated investments, at value | — | — | 637,469 | 257,948 |
Total investments, at value | 26,244,469 | 47,654,777 | 54,324,153 | 32,471,687 |
Dividends and interest receivable | 45,741 | 34,413 | 33,919 | 13,188 |
Receivable for securities lending income | — | — | 241 | 53 |
Receivable from affiliates | 616 | — | — | — |
Other assets | 7,488 | 8,118 | 7,920 | 7,670 |
Total assets | 26,298,314 | 47,697,308 | 54,366,233 | 32,492,598 |
Liabilities | ||||
Payable upon return of securities loaned | — | — | 637,395 | 257,916 |
Payable to affiliates | ||||
Investment management fees | — | 8,005 | 7,068 | 1,700 |
Accounting and legal services fees | 1,397 | 3,202 | 3,807 | 1,705 |
Transfer agent fees | 5,001 | 5,001 | 5,001 | 5,001 |
Trustees' fees | 14 | 35 | 40 | 18 |
Other liabilities and accrued expenses | 49,593 | 53,840 | 51,412 | 49,747 |
Total liabilities | 56,005 | 70,083 | 704,723 | 316,087 |
Net assets | $26,242,309 | $47,627,225 | $53,661,510 | $32,176,511 |
Net assets consist of | ||||
Paid-in capital | $30,804,414 | $45,518,431 | $53,959,873 | $30,954,629 |
Total distributable earnings (loss) | (4,562,105) | 2,108,794 | (298,363) | 1,221,882 |
Net assets | $26,242,309 | $47,627,225 | $53,661,510 | $32,176,511 |
Unaffiliated investments, at cost | $28,665,650 | $44,846,952 | $53,018,300 | $29,551,518 |
Affiliated investments, at cost | — | — | $637,453 | $257,944 |
Securities loaned, at value | — | — | $620,870 | $253,396 |
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 | $26,242,309 | $47,627,225 | $53,661,510 | $32,176,511 |
Shares outstanding | 980,000 | 1,250,000 | 1,610,000 | 860,000 |
Net asset value per share | $26.78 | $38.10 | $33.33 | $37.41 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 81 |
Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Media and Communications ETF | Multifactor Mid Cap ETF | |
Assets | ||||
Unaffiliated investments, at value | $921,936,700 | $22,761,003 | $23,581,882 | $1,030,059,724 |
Affiliated investments, at value | 4,260,052 | — | — | 11,926,516 |
Total investments, at value | 926,196,752 | 22,761,003 | 23,581,882 | 1,041,986,240 |
Cash | — | — | 4,139 | — |
Dividends and interest receivable | 702,771 | 41,319 | 6,452 | 606,968 |
Receivable for fund shares sold | — | 650,120 | 19,247,455 | 2,744,743 |
Receivable for securities lending income | 1,274 | — | — | 4,214 |
Receivable from affiliates | — | 969 | 13,067 | — |
Other assets | 18,319 | 7,614 | 22,214 | 14,980 |
Total assets | 926,919,116 | 23,461,025 | 42,875,209 | 1,045,357,145 |
Liabilities | ||||
Payable for investments purchased | 465,284 | 650,628 | 19,235,621 | 2,744,033 |
Payable upon return of securities loaned | 4,260,564 | — | — | 11,924,894 |
Payable to affiliates | ||||
Investment management fees | 207,216 | — | — | 306,993 |
Accounting and legal services fees | 68,833 | 1,288 | 142 | 57,450 |
Transfer agent fees | 5,001 | 5,001 | — | 5,001 |
Trustees' fees | 543 | 13 | 2 | 593 |
Other liabilities and accrued expenses | 126,627 | 49,890 | 42,824 | 124,569 |
Total liabilities | 5,134,068 | 706,820 | 19,278,589 | 15,163,533 |
Net assets | $921,785,048 | $22,754,205 | $23,596,620 | $1,030,193,612 |
Net assets consist of | ||||
Paid-in capital | $817,534,622 | $23,116,652 | $23,535,114 | $958,349,127 |
Total distributable earnings (loss) | 104,250,426 | (362,447) | 61,506 | 71,844,485 |
Net assets | $921,785,048 | $22,754,205 | $23,596,620 | $1,030,193,612 |
Unaffiliated investments, at cost | $816,526,823 | $22,311,103 | $23,525,998 | $945,325,253 |
Affiliated investments, at cost | $4,259,972 | — | — | $11,926,285 |
Securities loaned, at value | $4,176,838 | — | — | $11,695,983 |
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 | $921,785,048 | $22,754,205 | $23,596,620 | $1,030,193,612 |
Shares outstanding | 24,275,000 | 700,000 | 890,000 | 28,150,000 |
Net asset value per share | $37.97 | $32.51 | $26.51 | $36.60 |
82 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Small Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF | |
Assets | |||
Unaffiliated investments, at value | $438,985,241 | $61,850,190 | $29,500,260 |
Affiliated investments, at value | 17,290,805 | 595,033 | — |
Total investments, at value | 456,276,046 | 62,445,223 | 29,500,260 |
Dividends and interest receivable | 178,875 | 472 | 16,485 |
Receivable for securities lending income | 4,479 | 171 | — |
Other assets | 4,877 | 8,200 | 7,674 |
Total assets | 456,464,277 | 62,454,066 | 29,524,419 |
Liabilities | |||
Payable upon return of securities loaned | 17,284,657 | 595,043 | — |
Payable to affiliates | |||
Investment management fees | 150,137 | 9,497 | 885 |
Accounting and legal services fees | 24,312 | 3,892 | 1,842 |
Transfer agent fees | 5,016 | 5,001 | 5,001 |
Trustees' fees | 258 | 42 | 19 |
Other liabilities and accrued expenses | 66,827 | 52,732 | 49,761 |
Total liabilities | 17,531,207 | 666,207 | 57,508 |
Net assets | $438,933,070 | $61,787,859 | $29,466,911 |
Net assets consist of | |||
Paid-in capital | $437,626,111 | $56,008,632 | $28,214,439 |
Total distributable earnings (loss) | 1,306,959 | 5,779,227 | 1,252,472 |
Net assets | $438,933,070 | $61,787,859 | $29,466,911 |
Unaffiliated investments, at cost | $426,023,795 | $54,813,098 | $27,483,913 |
Affiliated investments, at cost | $17,290,515 | $595,027 | — |
Securities loaned, at value | $16,660,738 | $589,016 | — |
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 | $438,933,070 | $61,787,859 | $29,466,911 |
Shares outstanding | 16,325,000 | 1,220,000 | 930,000 |
Net asset value per share | $26.89 | $50.65 | $31.68 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 83 |
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Emerging Markets ETF1 | |
Investment income | ||||
Dividends | $698,072 | $872,440 | $8,630,012 | $4,014,842 |
Securities lending | 9,220 | 1,844 | 53,565 | 13,966 |
Interest | 1,844 | 1,291 | 14,801 | 22,131 |
Non-cash dividends | — | — | 504,061 | 94,030 |
Less foreign taxes withheld | (101) | — | (741,423) | (572,187) |
Total investment income | 709,035 | 875,575 | 8,461,016 | 3,572,782 |
Expenses | ||||
Investment management fees | 184,966 | 112,082 | 1,020,950 | 1,364,968 |
Accounting and legal services fees | 8,919 | 5,406 | 45,372 | 51,866 |
Transfer agent fees | 10,934 | 10,934 | 9,959 | 2,084 |
Trustees' fees | 843 | 569 | 3,319 | 2,541 |
Custodian fees | 58,124 | 62,181 | 89,707 | 149,709 |
Printing and postage | 15,144 | 14,201 | 23,193 | 27,632 |
Professional fees | 17,941 | 17,685 | 24,544 | 46,066 |
Stock exchange listing fees | 7,566 | 6,234 | 7,773 | 3,995 |
Other | 10,114 | 10,131 | 13,665 | 9,243 |
Total expenses | 314,551 | 239,423 | 1,238,482 | 1,658,104 |
Less expense reductions | (111,912) | (116,847) | (216,473) | (367,699) |
Net expenses | 202,639 | 122,576 | 1,022,009 | 1,290,405 |
Net investment income | 506,396 | 752,999 | 7,439,007 | 2,282,377 |
Realized and unrealized gain (loss) | ||||
Net realized gain (loss) on | ||||
Unaffiliated investments | (2,279,160) | (429,475) | (2,775,551) | (1,398,977) |
Affiliated investments | 224 | 254 | 2,516 | 762 |
Futures contracts | — | — | 332,437 | 144,833 |
Redemptions in kind | 5,742,107 | (79,452) | 3,654,912 | 1,286,885 |
3,463,171 | (508,673) | 1,214,314 | 33,503 | |
Change in net unrealized appreciation (depreciation) of | ||||
Unaffiliated investments | 201,229 | 2,552,539 | 29,077,868 | 41,340,842 |
Affiliated investments | (109) | (27) | 192 | 62 |
201,120 | 2,552,512 | 29,078,060 | 41,340,904 | |
Net realized and unrealized gain | 3,664,291 | 2,043,839 | 30,292,374 | 41,374,407 |
Increase (decrease) in net assets from operations | $4,170,687 | $2,796,838 | $37,731,381 | $43,656,784 |
1 | Period from 9-27-18 (commencement of operations) to 4-30-19. |
84 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Energy ETF | Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF | |
Investment income | ||||
Dividends | $664,665 | $1,228,680 | $1,533,413 | $565,839 |
Securities lending | 2,441 | 900 | 876 | 698 |
Interest | 1,624 | 2,169 | 2,297 | 1,566 |
Non-cash dividends | — | — | — | 12,904 |
Less foreign taxes withheld | (539) | (301) | — | (5) |
Total investment income | 668,191 | 1,231,448 | 1,536,586 | 581,002 |
Expenses | ||||
Investment management fees | 131,661 | 259,076 | 247,339 | 114,593 |
Accounting and legal services fees | 6,426 | 12,347 | 12,051 | 5,548 |
Transfer agent fees | 10,934 | 10,934 | 10,934 | 10,934 |
Trustees' fees | 688 | 1,124 | 1,058 | 565 |
Custodian fees | 62,194 | 58,243 | 58,256 | 62,173 |
Printing and postage | 14,880 | 16,841 | 15,428 | 14,380 |
Professional fees | 19,261 | 21,226 | 19,900 | 17,208 |
Stock exchange listing fees | 6,234 | 7,566 | 7,567 | 6,234 |
Other | 10,162 | 9,671 | 10,355 | 10,187 |
Total expenses | 262,440 | 397,028 | 382,888 | 241,822 |
Less expense reductions | (117,758) | (112,957) | (112,606) | (116,412) |
Net expenses | 144,682 | 284,071 | 270,282 | 125,410 |
Net investment income | 523,509 | 947,377 | 1,266,304 | 455,592 |
Realized and unrealized gain (loss) | ||||
Net realized gain (loss) on | ||||
Unaffiliated investments | (1,255,929) | (596,919) | (1,399,144) | (1,363,406) |
Affiliated investments | 126 | 92 | 57 | 28 |
Futures contracts | 167 | 2,205 | — | — |
Redemptions in kind | 905,473 | 7,920,032 | 5,492,348 | 5,088,933 |
(350,163) | 7,325,410 | 4,093,261 | 3,725,555 | |
Change in net unrealized appreciation (depreciation) of | ||||
Unaffiliated investments | (5,089,713) | (6,337,111) | (1,351,877) | (1,124,573) |
Affiliated investments | (44) | (13) | 16 | 4 |
(5,089,757) | (6,337,124) | (1,351,861) | (1,124,569) | |
Net realized and unrealized gain (loss) | (5,439,920) | 988,286 | 2,741,400 | 2,600,986 |
Increase (decrease) in net assets from operations | $(4,916,411) | $1,935,663 | $4,007,704 | $3,056,578 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 85 |
Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Media and Communications ETF1 | Multifactor Mid Cap ETF | |
Investment income | ||||
Dividends | $14,699,679 | $462,949 | $8,101 | $12,354,326 |
Securities lending | 24,157 | — | — | 57,852 |
Interest | 12,286 | 1,417 | 8 | 15,710 |
Non-cash dividends | 157,221 | — | — | 34,689 |
Less foreign taxes withheld | (39) | — | — | (3,128) |
Total investment income | 14,893,304 | 464,366 | 8,109 | 12,459,449 |
Expenses | ||||
Investment management fees | 1,862,786 | 92,494 | 1,819 | 2,431,375 |
Accounting and legal services fees | 149,992 | 4,445 | 142 | 132,838 |
Transfer agent fees | 10,934 | 10,934 | — | 10,934 |
Trustees' fees | 9,579 | 510 | 2 | 9,070 |
Custodian fees | 116,911 | 62,137 | 2,511 | 112,739 |
Printing and postage | 49,361 | 13,561 | 6,371 | 54,108 |
Professional fees | 39,996 | 17,914 | 15,027 | 40,207 |
Stock exchange listing fees | 7,567 | 6,234 | 921 | 7,567 |
Other | 20,142 | 9,856 | 510 | 18,446 |
Total expenses | 2,267,268 | 218,085 | 27,303 | 2,817,284 |
Less expense reductions | (48,914) | (116,785) | (25,388) | (47,732) |
Net expenses | 2,218,354 | 101,300 | 1,915 | 2,769,552 |
Net investment income | 12,674,950 | 363,066 | 6,194 | 9,689,897 |
Realized and unrealized gain (loss) | ||||
Net realized gain (loss) on | ||||
Unaffiliated investments | (4,320,484) | (638,284) | (775) | (12,800,094) |
Affiliated investments | 1,607 | — | — | 5,650 |
Futures contracts | (66,295) | — | — | 36,333 |
Redemptions in kind | 13,820,906 | 2,072,301 | — | 26,432,504 |
9,435,734 | 1,434,017 | (775) | 13,674,393 | |
Change in net unrealized appreciation (depreciation) of | ||||
Unaffiliated investments | 56,144,684 | (2,749,386) | 55,884 | 54,960,446 |
Affiliated investments | (187) | — | — | (344) |
56,144,497 | (2,749,386) | 55,884 | 54,960,102 | |
Net realized and unrealized gain (loss) | 65,580,231 | (1,315,369) | 55,109 | 68,634,495 |
Increase (decrease) in net assets from operations | $78,255,181 | $(952,303) | $61,303 | $78,324,392 |
1 | Period from 3-12-19 (commencement of operations) to 4-30-19. |
86 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Small Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF | |
Investment income | |||
Dividends | $3,462,377 | $934,391 | $951,084 |
Securities lending | 38,943 | 8,062 | — |
Interest | 5,344 | 2,525 | 1,139 |
Non-cash dividends | 38,062 | — | — |
Less foreign taxes withheld | (4,836) | — | — |
Total investment income | 3,539,890 | 944,978 | 952,223 |
Expenses | |||
Investment management fees | 1,085,190 | 284,302 | 121,597 |
Accounting and legal services fees | 44,052 | 13,807 | 5,937 |
Transfer agent fees | 10,739 | 10,934 | 10,934 |
Trustees' fees | 3,006 | 1,218 | 609 |
Custodian fees | 53,171 | 58,297 | 62,217 |
Printing and postage | 38,487 | 16,825 | 14,455 |
Professional fees | 50,065 | 19,967 | 18,025 |
Stock exchange listing fees | 5,749 | 7,567 | 6,234 |
Other | 14,419 | 10,954 | 9,879 |
Total expenses | 1,304,878 | 423,871 | 249,887 |
Less expense reductions | (219,644) | (112,471) | (117,055) |
Net expenses | 1,085,234 | 311,400 | 132,832 |
Net investment income | 2,454,656 | 633,578 | 819,391 |
Realized and unrealized gain (loss) | |||
Net realized gain (loss) on | |||
Unaffiliated investments | (12,358,517) | (1,432,179) | (721,587) |
Affiliated investments | 6,111 | 498 | — |
Futures contracts | 14,165 | 11,865 | — |
Redemptions in kind | 9,859,261 | 13,777,313 | 2,283,248 |
(2,478,980) | 12,357,497 | 1,561,661 | |
Change in net unrealized appreciation (depreciation) of | |||
Unaffiliated investments | 12,756,915 | (2,473,529) | 2,100,834 |
Affiliated investments | 196 | (88) | — |
12,757,111 | (2,473,617) | 2,100,834 | |
Net realized and unrealized gain | 10,278,131 | 9,883,880 | 3,662,495 |
Increase (decrease) in net assets from operations | $12,732,787 | $10,517,458 | $4,481,886 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 87 |
Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | ||||
Year ended 4-30-19 | Year ended 4-30-18 | Year ended 4-30-19 | Year ended 4-30-18 | Year ended 4-30-19 | Year ended 4-30-18 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $506,396 | $411,603 | $752,999 | $444,178 | $7,439,007 | $1,323,027 |
Net realized gain (loss) | 3,463,171 | 2,437,099 | (508,673) | (12,270) | 1,214,314 | 3,845,804 |
Change in net unrealized appreciation (depreciation) | 201,120 | 664,033 | 2,552,512 | (1,421,700) | 29,078,060 | 1,853,059 |
Increase (decrease) in net assets resulting from operations | 4,170,687 | 3,512,735 | 2,796,838 | (989,792) | 37,731,381 | 7,021,890 |
Distributions to shareholders | ||||||
From net investment income and net realized gain | (530,221) | — | (726,880) | — | (2,179,880) | — |
From net investment income | — | (353,350) | — | (374,081) | — | (1,088,858) |
From fund share transactions | ||||||
Shares issued | 29,178,495 | 21,733,939 | 28,284,271 | 18,068,125 | 442,661,741 | 50,277,139 |
Shares repurchased | (37,248,356) | (9,151,532) | (23,801,043) | (11,604,592) | (33,948,220) | (21,315,427) |
Total from fund share transactions | (8,069,861) | 12,582,407 | 4,483,228 | 6,463,533 | 408,713,521 | 28,961,712 |
Total increase (decrease) | (4,429,395) | 15,741,792 | 6,553,186 | 5,099,660 | 444,265,022 | 34,894,744 |
Net assets | ||||||
Beginning of year | 46,591,041 | 30,849,249 | 22,309,111 | 17,209,451 | 67,502,154 | 32,607,410 |
End of year | $42,161,646 | $46,591,041 | $28,862,297 | $22,309,111 | $511,767,176 | $67,502,154 |
Undistributed net investment income | (a) | $140,612 | (a) | $156,588 | (a) | $633,024 |
Share activity | ||||||
Shares outstanding | ||||||
Beginning of year | 1,520,000 | 1,100,000 | 880,000 | 650,000 | 2,200,000 | 1,200,000 |
Shares issued | 930,000 | 720,000 | 1,060,000 | 670,000 | 16,800,000 | 1,700,000 |
Shares repurchased | (1,200,000) | (300,000) | (910,000) | (440,000) | (1,200,000) | (700,000) |
End of year | 1,250,000 | 1,520,000 | 1,030,000 | 880,000 | 17,800,000 | 2,200,000 |
(a) | Not applicable for April 30, 2019. The SEC eliminated the requirement to disclose undistributed net investment income in the current reporting period. |
88 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Emerging Markets ETF | Multifactor Energy ETF | Multifactor Financials ETF | |||
Period ended 4-30-191 | Year ended 4-30-19 | Year ended 4-30-18 | Year ended 4-30-19 | Year ended 4-30-18 | |
Increase (decrease) in net assets | |||||
From operations | |||||
Net investment income | $2,282,377 | $523,509 | $514,843 | $947,377 | $704,427 |
Net realized gain (loss) | 33,503 | (350,163) | 15,665 | 7,325,410 | 3,227,923 |
Change in net unrealized appreciation (depreciation) | 41,340,904 | (5,089,757) | 2,661,687 | (6,337,124) | 4,211,461 |
Increase (decrease) in net assets resulting from operations | 43,656,784 | (4,916,411) | 3,192,195 | 1,935,663 | 8,143,811 |
Distributions to shareholders | |||||
From net investment income and net realized gain | (587,064) | (528,622) | — | (931,038) | — |
From net investment income | — | — | (451,108) | — | (574,205) |
From fund share transactions | |||||
Shares issued | 789,649,435 | 13,102,633 | 32,824,093 | 12,405,246 | 28,800,846 |
Shares repurchased | (15,136,934) | (18,450,941) | (14,984,090) | (34,334,702) | (10,319,798) |
Total from fund share transactions | 774,512,501 | (5,348,308) | 17,840,003 | (21,929,456) | 18,481,048 |
Total increase (decrease) | 817,582,221 | (10,793,341) | 20,581,090 | (20,924,831) | 26,050,654 |
Net assets | |||||
Beginning of year | — | 37,035,650 | 16,454,560 | 68,552,056 | 42,501,402 |
End of year | $817,582,221 | $26,242,309 | $37,035,650 | $47,627,225 | $68,552,056 |
Undistributed net investment income | (a) | (a) | $137,479 | (a) | $261,518 |
Share activity | |||||
Shares outstanding | |||||
Beginning of year | — | 1,180,000 | 600,000 | 1,860,000 | 1,350,000 |
Shares issued | 32,200,000 | 450,000 | 1,130,000 | 340,000 | 790,000 |
Shares repurchased | (600,000) | (650,000) | (550,000) | (950,000) | (280,000) |
End of year | 31,600,000 | 980,000 | 1,180,000 | 1,250,000 | 1,860,000 |
(a) | Not applicable for April 30, 2019. The SEC eliminated the requirement to disclose undistributed net investment income in the current reporting period. |
1 | Period from 9-27-18 (commencement of operations) to 4-30-19. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 89 |
Multifactor Healthcare ETF | Multifactor Industrials ETF | Multifactor Large Cap ETF | ||||
Year ended 4-30-19 | Year ended 4-30-18 | Year ended 4-30-19 | Year ended 4-30-18 | Year ended 4-30-19 | Year ended 4-30-18 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $1,266,304 | $289,633 | $455,592 | $254,190 | $12,674,950 | $5,765,973 |
Net realized gain | 4,093,261 | 3,342,438 | 3,725,555 | 458,046 | 9,435,734 | 15,187,234 |
Change in net unrealized appreciation (depreciation) | (1,351,861) | (828,744) | (1,124,569) | 1,566,013 | 56,144,497 | 23,495,402 |
Increase in net assets resulting from operations | 4,007,704 | 2,803,327 | 3,056,578 | 2,278,249 | 78,255,181 | 44,448,609 |
Distributions to shareholders | ||||||
From net investment income and net realized gain | (415,032) | — | (439,292) | — | (9,266,101) | — |
From net investment income | — | (339,741) | — | (242,432) | — | (5,555,907) |
From fund share transactions | ||||||
Shares issued | 35,143,443 | 21,374,617 | 22,199,862 | 10,714,903 | 511,454,207 | 99,743,442 |
Shares repurchased | (26,182,752) | (15,605,217) | (24,363,027) | (2,310,319) | (59,917,739) | (79,378,170) |
Total from fund share transactions | 8,960,691 | 5,769,400 | (2,163,165) | 8,404,584 | 451,536,468 | 20,365,272 |
Total increase | 12,553,363 | 8,232,986 | 454,121 | 10,440,401 | 520,525,548 | 59,257,974 |
Net assets | ||||||
Beginning of year | 41,108,147 | 32,875,161 | 31,722,390 | 21,281,989 | 401,259,500 | 342,001,526 |
End of year | $53,661,510 | $41,108,147 | $32,176,511 | $31,722,390 | $921,785,048 | $401,259,500 |
Undistributed net investment income | (a) | $84,860 | (a) | $59,049 | (a) | $1,559,441 |
Share activity | ||||||
Shares outstanding | ||||||
Beginning of year | 1,320,000 | 1,150,000 | 940,000 | 700,000 | 11,625,000 | 11,000,000 |
Shares issued | 1,060,000 | 680,000 | 620,000 | 310,000 | 14,350,000 | 3,000,000 |
Shares repurchased | (770,000) | (510,000) | (700,000) | (70,000) | (1,700,000) | (2,375,000) |
End of year | 1,610,000 | 1,320,000 | 860,000 | 940,000 | 24,275,000 | 11,625,000 |
(a) | Not applicable for April 30, 2019. The SEC eliminated the requirement to disclose undistributed net investment income in the current reporting period. |
90 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Multifactor Materials ETF | Multifactor Media and Communications ETF | Multifactor Mid Cap ETF | |||
Year ended 4-30-19 | Year ended 4-30-18 | Period ended 4-30-191 | Year ended 4-30-19 | Year ended 4-30-18 | |
Increase (decrease) in net assets | |||||
From operations | |||||
Net investment income | $363,066 | $297,825 | $6,194 | $9,689,897 | $2,529,700 |
Net realized gain (loss) | 1,434,017 | 1,003,301 | (775) | 13,674,393 | 6,154,156 |
Change in net unrealized appreciation (depreciation) | (2,749,386) | 1,031,567 | 55,884 | 54,960,102 | 16,736,103 |
Increase (decrease) in net assets resulting from operations | (952,303) | 2,332,693 | 61,303 | 78,324,392 | 25,419,959 |
Distributions to shareholders | |||||
From net investment income and net realized gain | (317,644) | — | — | (7,646,180) | — |
From net investment income | — | (287,581) | — | — | (2,178,013) |
From fund share transactions | |||||
Shares issued | 10,356,476 | 4,413,001 | 23,535,317 | 739,490,500 | 168,861,976 |
Shares repurchased | (9,452,363) | (3,388,643) | — | (111,863,202) | (30,309,042) |
Total from fund share transactions | 904,113 | 1,024,358 | 23,535,317 | 627,627,298 | 138,552,934 |
Total increase (decrease) | (365,834) | 3,069,470 | 23,596,620 | 698,305,510 | 161,794,880 |
Net assets | |||||
Beginning of year | 23,120,039 | 20,050,569 | — | 331,888,102 | 170,093,222 |
End of year | $22,754,205 | $23,120,039 | $23,596,620 | $1,030,193,612 | $331,888,102 |
Undistributed net investment income | (a) | $76,198 | (a) | (a) | $754,804 |
Share activity | |||||
Shares outstanding | |||||
Beginning of year | 680,000 | 650,000 | — | 9,750,000 | 5,550,000 |
Shares issued | 310,000 | 130,000 | 890,000 | 21,625,000 | 5,100,000 |
Shares repurchased | (290,000) | (100,000) | — | (3,225,000) | (900,000) |
End of year | 700,000 | 680,000 | 890,000 | 28,150,000 | 9,750,000 |
(a) | Not applicable for April 30, 2019. The SEC eliminated the requirement to disclose undistributed net investment income in the current reporting period. |
1 | Period from 3-12-19 (commencement of operations) to 4-30-19. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 91 |
Multifactor Small Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF | ||||
Year ended 4-30-19 | Period ended 4-30-182 | Year ended 4-30-19 | Year ended 4-30-18 | Year ended 4-30-19 | Year ended 4-30-18 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $2,454,656 | $146,548 | $633,578 | $391,068 | $819,391 | $522,744 |
Net realized gain (loss) | (2,478,980) | 313,256 | 12,357,497 | 7,937,518 | 1,561,661 | 406,097 |
Change in net unrealized appreciation (depreciation) | 12,757,111 | 204,625 | (2,473,617) | 2,172,474 | 2,100,834 | (759,307) |
Increase in net assets resulting from operations | 12,732,787 | 664,429 | 10,517,458 | 10,501,060 | 4,481,886 | 169,534 |
Distributions to shareholders | ||||||
From net investment income and net realized gain | (1,596,006) | — | (544,744) | — | (724,139) | — |
From net investment income | — | — | — | (406,563) | — | (524,500) |
From fund share transactions | ||||||
Shares issued | 464,818,266 | 43,112,668 | 39,668,496 | 32,182,493 | 47,348,977 | 10,614,994 |
Shares repurchased | (76,202,047) | (4,597,027) | (50,871,145) | (21,382,149) | (39,483,795) | (9,977,761) |
Total from fund share transactions | 388,616,219 | 38,515,641 | (11,202,649) | 10,800,344 | 7,865,182 | 637,233 |
Total increase (decrease) | 399,753,000 | 39,180,070 | (1,229,935) | 20,894,841 | 11,622,929 | 282,267 |
Net assets | ||||||
Beginning of year | 39,180,070 | — | 63,017,794 | 42,122,953 | 17,843,982 | 17,561,715 |
End of year | $438,933,070 | $39,180,070 | $61,787,859 | $63,017,794 | $29,466,911 | $17,843,982 |
Undistributed net investment income | $(a) | $151,658 | (a) | $75,026 | (a) | $121,194 |
Share activity | ||||||
Shares outstanding | ||||||
Beginning of year | 1,525,000 | — | 1,470,000 | 1,200,000 | 650,000 | 650,000 |
Shares issued | 17,725,000 | 1,700,000 | 860,000 | 790,000 | 1,630,000 | 370,000 |
Shares repurchased | (2,925,000) | (175,000) | (1,110,000) | (520,000) | (1,350,000) | (370,000) |
End of year | 16,325,000 | 1,525,000 | 1,220,000 | 1,470,000 | 930,000 | 650,000 |
(a) | Not applicable for April 30, 2019. The SEC eliminated the requirement to disclose undistributed net investment income in the current reporting period. |
2 | Period from 11-8-17 (commencement of operations) to 4-30-18. |
92 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Financial Highlights |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $30.65 | $28.04 | $25.56 | $24.21 |
Net investment income2 | 0.37 | 0.32 | 0.51 | 0.18 |
Net realized and unrealized gain (loss) on investments | 3.11 | 2.58 | 2.45 | 1.24 |
Total from investment operations | 3.48 | 2.90 | 2.96 | 1.42 |
Less distributions | ||||
From net investment income | (0.40) | (0.29) | (0.48) | (0.07) |
Net asset value, end of period | $33.73 | $30.65 | $28.04 | $25.56 |
Total return (%)3 | 11.57 | 10.37 | 11.78 | 5.874 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $42 | $47 | $31 | $15 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.73 | 0.85 | 1.07 | 1.275 |
Expenses including reductions | 0.47 | 0.50 | 0.50 | 0.505 |
Net investment income | 1.17 | 1.08 | 1.93 | 1.225 |
Portfolio turnover (%)6 | 42 | 9 | 16 | 5 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $25.35 | $26.48 | $25.14 | $25.12 |
Net investment income2 | 0.75 | 0.55 | 0.48 | 0.03 |
Net realized and unrealized gain (loss) on investments | 2.66 | (1.24) | 1.21 | (0.01) |
Total from investment operations | 3.41 | (0.69) | 1.69 | 0.02 |
Less distributions | ||||
From net investment income | (0.74) | (0.44) | (0.35) | — |
Net asset value, end of period | $28.02 | $25.35 | $26.48 | $25.14 |
Total return (%)3 | 13.89 | (2.67) | 6.75 | 0.084 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $29 | $22 | $17 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.91 | 1.07 | 1.18 | 5.965 |
Expenses including reductions | 0.47 | 0.50 | 0.50 | 0.505 |
Net investment income | 2.87 | 2.05 | 1.86 | 1.495 |
Portfolio turnover (%)6 | 14 | 14 | 11 | 0 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 93 |
Period ended | 4-30-19 | 4-30-18 | 4-30-171 |
Per share operating performance | |||
Net asset value, beginning of period | $30.68 | $27.17 | $24.54 |
Net investment income2 | 0.91 | 0.77 | 0.31 |
Net realized and unrealized gain (loss) on investments | (2.31) | 3.43 | 2.32 |
Total from investment operations | (1.40) | 4.20 | 2.63 |
Less distributions | |||
From net investment income | (0.53) | (0.69) | — |
Net asset value, end of period | $28.75 | $30.68 | $27.17 |
Total return (%)3 | (4.54) | 15.64 | 10.734 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $512 | $68 | $33 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 0.55 | 0.80 | 0.995 |
Expenses including reductions | 0.45 | 0.45 | 0.455 |
Net investment income | 3.28 | 2.60 | 3.025 |
Portfolio turnover (%)6 | 17 | 15 | 8 |
1 | Period from 12-15-16 (commencement of operations) to 4-30-17. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 4-30-191 |
Per share operating performance | |
Net asset value, beginning of period | $25.00 |
Net investment income2 | 0.14 |
Net realized and unrealized gain (loss) on investments | 0.78 |
Total from investment operations | 0.92 |
Less distributions | |
From net investment income | (0.05) |
Net asset value, end of period | $25.87 |
Total return (%)3 | 3.714 |
Ratios and supplemental data | |
Net assets, end of period (in millions) | $818 |
Ratios (as a percentage of average net assets): | |
Expenses before reductions | 0.715 |
Expenses including reductions | 0.555 |
Net investment income | 0.975 |
Portfolio turnover (%)6 | 3 |
1 | Period from 9-27-18 (commencement of operations) to 4-30-19. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
94 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $31.39 | $27.42 | $27.23 | $24.84 |
Net investment income2 | 0.51 | 0.663 | 0.42 | —4 |
Net realized and unrealized gain (loss) on investments | (4.59) | 3.85 | 0.06 | 2.39 |
Total from investment operations | (4.08) | 4.51 | 0.48 | 2.39 |
Less distributions | ||||
From net investment income | (0.53) | (0.54) | (0.29) | — |
Net asset value, end of period | $26.78 | $31.39 | $27.42 | $27.23 |
Total return (%)5 | (12.84) | 16.69 | 1.73 | 9.636 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $26 | $37 | $16 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.86 | 1.07 | 1.15 | 5.867 |
Expenses including reductions | 0.48 | 0.50 | 0.50 | 0.507 |
Net investment income | 1.72 | 2.353 | 1.46 | 0.207 |
Portfolio turnover (%)8 | 25 | 16 | 30 | 2 |
1 | Period from 3-28-16 (commencement of operations) to 10-30-16. |
2 | Based on average daily shares outstanding. |
3 | 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. |
4 | Less than $0.005 per share. |
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 | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $36.86 | $31.48 | $25.35 | $24.37 |
Net investment income2 | 0.57 | 0.45 | 0.38 | 0.21 |
Net realized and unrealized gain (loss) on investments | 1.21 | 5.30 | 6.10 | 0.85 |
Total from investment operations | 1.78 | 5.75 | 6.48 | 1.06 |
Less distributions | ||||
From net investment income | (0.54) | (0.37) | (0.35) | (0.08) |
Net asset value, end of period | $38.10 | $36.86 | $31.48 | $25.35 |
Total return (%)3 | 5.15 | 18.33 | 25.78 | 4.334 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $48 | $69 | $43 | $19 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.66 | 0.75 | 0.99 | 1.195 |
Expenses including reductions | 0.47 | 0.50 | 0.50 | 0.505 |
Net investment income | 1.57 | 1.26 | 1.32 | 1.415 |
Portfolio turnover (%)6 | 9 | 8 | 7 | 11 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 95 |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $31.14 | $28.59 | $25.77 | $23.93 |
Net investment income2 | 0.73 | 0.24 | 0.30 | 0.11 |
Net realized and unrealized gain (loss) on investments | 1.71 | 2.62 | 2.72 | 1.78 |
Total from investment operations | 2.44 | 2.86 | 3.02 | 1.89 |
Less distributions | ||||
From net investment income | (0.25) | (0.31) | (0.20) | (0.05) |
Net asset value, end of period | $33.33 | $31.14 | $28.59 | $25.77 |
Total return (%)3 | 7.89 | 10.04 | 11.78 | 7.894 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $54 | $41 | $33 | $17 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.66 | 0.86 | 1.06 | 1.235 |
Expenses including reductions | 0.46 | 0.50 | 0.50 | 0.505 |
Net investment income | 2.18 | 0.79 | 1.12 | 0.745 |
Portfolio turnover (%)6 | 21 | 11 | 14 | 6 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $33.75 | $30.40 | $25.37 | $25.01 |
Net investment income2 | 0.59 | 0.33 | 0.35 | 0.01 |
Net realized and unrealized gain (loss) on investments | 3.69 | 3.33 | 4.94 | 0.35 |
Total from investment operations | 4.28 | 3.66 | 5.29 | 0.36 |
Less distributions | ||||
From net investment income | (0.62) | (0.31) | (0.26) | — |
Net asset value, end of period | $37.41 | $33.75 | $30.40 | $25.37 |
Total return (%)3 | 13.16 | 12.04 | 20.95 | 1.454 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $32 | $32 | $21 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.90 | 0.98 | 1.12 | 5.955 |
Expenses including reductions | 0.47 | 0.50 | 0.50 | 0.505 |
Net investment income | 1.70 | 0.98 | 1.24 | 0.505 |
Portfolio turnover (%)6 | 49 | 3 | 8 | 07 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
7 | Less than 1%. |
96 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $34.52 | $31.09 | $26.69 | $24.35 |
Net investment income2 | 0.70 | 0.51 | 0.49 | 0.27 |
Net realized and unrealized gain (loss) on investments | 3.25 | 3.42 | 4.31 | 2.17 |
Total from investment operations | 3.95 | 3.93 | 4.80 | 2.44 |
Less distributions | ||||
From net investment income | (0.50) | (0.50) | (0.40) | (0.10) |
Net asset value, end of period | $37.97 | $34.52 | $31.09 | $26.69 |
Total return (%)3 | 11.74 | 12.69 | 18.13 | 10.014 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $922 | $401 | $342 | $27 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.35 | 0.40 | 0.45 | 0.935 |
Expenses including reductions | 0.34 | 0.35 | 0.35 | 0.355 |
Net investment income | 1.96 | 1.53 | 1.67 | 1.805 |
Portfolio turnover (%)6 | 6 | 5 | 12 | 6 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $34.00 | $30.85 | $26.76 | $25.10 |
Net investment income2 | 0.55 | 0.44 | 0.44 | 0.04 |
Net realized and unrealized gain (loss) on investments | (1.54) | 3.13 | 3.97 | 1.62 |
Total from investment operations | (0.99) | 3.57 | 4.41 | 1.66 |
Less distributions | ||||
From net investment income | (0.50) | (0.42) | (0.32) | — |
Net asset value, end of period | $32.51 | $34.00 | $30.85 | $26.76 |
Total return (%)3 | (2.76) | 11.62 | 16.58 | 6.634 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $23 | $23 | $20 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 1.01 | 1.05 | 1.15 | 5.855 |
Expenses including reductions | 0.47 | 0.50 | 0.50 | 0.505 |
Net investment income | 1.68 | 1.32 | 1.51 | 1.575 |
Portfolio turnover (%)6 | 46 | 10 | 17 | 0 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 97 |
Period ended | 4-30-191 |
Per share operating performance | |
Net asset value, beginning of period | $25.00 |
Net investment income2 | 0.04 |
Net realized and unrealized gain (loss) on investments | 1.47 |
Total from investment operations | 1.51 |
Net asset value, end of period | $26.51 |
Total return (%)3 | 6.054 |
Ratios and supplemental data | |
Net assets, end of period (in millions) | $24 |
Ratios (as a percentage of average net assets): | |
Expenses before reductions | 2.985 |
Expenses including reductions | 0.405 |
Net investment income | 1.295 |
Portfolio turnover (%)6 | 0 |
1 | Period from 3-12-19 (commencement of operations) to 4-30-2019. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $34.04 | $30.65 | $26.07 | $24.29 |
Net investment income2 | 0.53 | 0.34 | 0.33 | 0.21 |
Net realized and unrealized gain (loss) on investments | 2.44 | 3.36 | 4.58 | 1.65 |
Total from investment operations | 2.97 | 3.70 | 4.91 | 1.86 |
Less distributions | ||||
From net investment income | (0.41) | (0.31) | (0.33) | (0.08) |
Net asset value, end of period | $36.60 | $34.04 | $30.65 | $26.07 |
Total return (%)3 | 8.98 | 12.11 | 18.96 | 7.704 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $1,030 | $332 | $170 | $20 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.45 | 0.52 | 0.61 | 1.115 |
Expenses including reductions | 0.44 | 0.45 | 0.45 | 0.455 |
Net investment income | 1.53 | 1.03 | 1.16 | 1.445 |
Portfolio turnover (%)6 | 13 | 11 | 14 | 12 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
98 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 4-30-19 | 4-30-181 |
Per share operating performance | ||
Net asset value, beginning of period | $25.69 | $25.00 |
Net investment income2 | 0.29 | 0.13 |
Net realized and unrealized gain (loss) on investments | 1.16 | 0.56 |
Total from investment operations | 1.45 | 0.69 |
Less distributions | ||
From net investment income | (0.25) | — |
Net asset value, end of period | $26.89 | $25.69 |
Total return (%)3 | 5.71 | 2.774 |
Ratios and supplemental data | ||
Net assets, end of period (in millions) | $439 | $39 |
Ratios (as a percentage of average net assets): | ||
Expenses before reductions | 0.60 | 0.905,6 |
Expenses including reductions | 0.50 | 0.515,6 |
Net investment income | 1.13 | 1.055 |
Portfolio turnover (%)7 | 33 | 17 |
1 | Period from 11-8-17 (commencement of operations) to 4-30-18. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Certain expenses are presented unannualized due to the short reporting period. |
7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $42.87 | $35.10 | $25.86 | $24.42 |
Net investment income2 | 0.43 | 0.28 | 0.34 | 0.27 |
Net realized and unrealized gain (loss) on investments | 7.72 | 7.77 | 9.30 | 1.26 |
Total from investment operations | 8.15 | 8.05 | 9.64 | 1.53 |
Less distributions | ||||
From net investment income | (0.37) | (0.28) | (0.40) | (0.09) |
Net asset value, end of period | $50.65 | $42.87 | $35.10 | $25.86 |
Total return (%)3 | 19.25 | 23.02 | 37.66 | 6.264 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $62 | $63 | $42 | $18 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.64 | 0.74 | 1.00 | 1.185 |
Expenses including reductions | 0.47 | 0.50 | 0.50 | 0.505 |
Net investment income | 0.96 | 0.70 | 1.11 | 1.755 |
Portfolio turnover (%)6 | 27 | 7 | 18 | 11 |
1 | Period from 9-28-15 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 99 |
Period ended | 4-30-19 | 4-30-18 | 4-30-17 | 4-30-161 |
Per share operating performance | ||||
Net asset value, beginning of period | $27.45 | $27.02 | $24.86 | $24.92 |
Net investment income2 | 0.84 | 0.77 | 0.71 | 0.02 |
Net realized and unrealized gain (loss) on investments | 4.05 | 0.343 | 1.94 | (0.08) |
Total from investment operations | 4.89 | 1.11 | 2.65 | (0.06) |
Less distributions | ||||
From net investment income | (0.66) | (0.68) | (0.49) | — |
Net asset value, end of period | $31.68 | $27.45 | $27.02 | $24.86 |
Total return (%)4 | 18.21 | 4.14 | 10.79 | (0.27)5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $29 | $18 | $18 | $5 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.87 | 1.16 | 1.18 | 6.056 |
Expenses including reductions | 0.46 | 0.50 | 0.50 | 0.506 |
Net investment income | 2.86 | 2.78 | 2.77 | 0.956 |
Portfolio turnover (%)7 | 19 | 12 | 16 | 0 |
1 | Period from 3-28-16 (commencement of operations) to 4-30-16. |
2 | Based on average daily shares outstanding. |
3 | The amount shown for 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. |
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. |
100 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | 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 and registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multipleinvestment series (the funds), fifteen ofwhich 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 Emerging Markets ETF | John Hancock Dimensional Emerging Markets Index |
Multifactor Energy ETF | John Hancock Dimensional Energy Index |
Multifactor Financials ETF | John Hancock Dimensional Financials Index |
Multifactor Healthcare ETF | John Hancock Dimensional Healthcare Index |
Multifactor Industrials ETF | John Hancock Dimensional Industrials Index |
Multifactor Large Cap ETF | John Hancock Dimensional Large Cap Index |
Multifactor Materials ETF | John Hancock Dimensional Materials Index |
Multifactor Media and Communications ETF | John Hancock Dimensional Media and Communications 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.
Multifactor Media and Communications ETF commenced operations on March 12, 2019.
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 funds' Pricing Committee, following procedures established by the Board of Trustees. The funds may use fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities under certain circumstances, in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The funds use a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable
inputs when market prices are not readily available or reliable, including the funds' own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
As of April 30, 2019, 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 the funds' investments as of April 30, 2019, by major security category or type:
MULTIFACTOR DEVELOPED INTERNATIONAL ETF
Total value at 4-30-19 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||
Investments in securities: | |||||
Assets | |||||
Common stocks | $504,568,878 | $504,568,878 | — | — | |
Preferred securities | |||||
Germany | 3,551,874 | 3,551,874 | — | — | |
United Kingdom | 16,781 | — | $16,781 | — | |
Securities lending collateral | 30,501,151 | 30,501,151 | — | — | |
Short-term investments | 105,117 | 105,117 | — | — | |
Total investments in securities | $538,743,801 | $538,727,020 | $16,781 | — |
MULTIFACTOR EMERGING MARKETS ETF
Total value at 4-30-19 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | ||
Investments in securities: | |||||
Assets | |||||
Common stocks | |||||
Brazil | $40,885,378 | $40,885,378 | — | — | |
Chile | 8,312,008 | 8,312,008 | — | — | |
China | 210,227,910 | 210,227,910 | — | — | |
Hong Kong | 34,447,279 | 34,447,279 | — | — | |
India | 98,285,700 | 98,285,700 | — | — | |
Indonesia | 21,518,829 | 21,518,829 | — | — | |
Malaysia | 18,615,924 | 18,615,924 | — | — | |
Mexico | 23,171,025 | 23,171,025 | — | — | |
Philippines | 12,460,970 | 12,460,970 | — | — | |
Poland | 9,180,627 | 9,180,627 | — | — | |
Romania | 300,864 | 300,864 | — | — | |
Russia | 26,191,230 | 26,191,230 | — | — | |
South Africa | 52,648,878 | 52,648,878 | — | — | |
South Korea | 111,780,721 | 111,780,721 | — | — | |
Taiwan | 96,867,124 | 96,867,124 | — | — | |
Thailand | 25,435,125 | 25,432,853 | $2,272 | — | |
Turkey | 4,661,510 | 4,661,510 | — | — | |
United Kingdom | 524,433 | 524,433 | — | — | |
Preferred securities | |||||
Brazil | 18,128,420 | 18,128,420 | — | — | |
Chile | 571,676 | 571,676 | — | — | |
South Korea | 8,036 | — | — | $8,036 | |
Securities lending collateral | 4,188,357 | 4,188,357 | — | — | |
Short-term investments | 1,728,435 | 1,728,435 | — | — | |
Total investments in securities | $820,140,459 | $820,130,151 | $2,272 | $8,036 |
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Real estate investment trusts. The funds may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the funds will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.
Securities lending. The funds may lend their securities to earn additional income. They receive cash collateral from the borrower in an amount not less than the market value of the loaned securities. The funds will invest its collateral in JHCT, an affiliate of the funds, which has a floating NAV and is registered with the Securities and Exchange Commission as an investment company. JHCT invests in short-term money market investments. Each fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The funds have the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the respective fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of the loss of the securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the funds could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The funds receive compensation for lending their securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the funds is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statements of operations.
Obligations to repay collateral received by the funds are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of April 30, 2019, 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 | $1,127,293 | $1,157,527 |
Multifactor Consumer Staples ETF | 213,221 | 216,307 |
Multifactor Developed International ETF | 29,086,028 | 30,498,866 |
Multifactor Emerging Markets ETF | 3,943,781 | 4,187,533 |
Multifactor Healthcare ETF | 620,870 | 637,395 |
Multifactor Industrials ETF | 253,396 | 257,916 |
Multifactor Large Cap ETF | 4,176,838 | 4,260,564 |
Multifactor Mid Cap ETF | 11,695,983 | 11,924,894 |
Multifactor Small Cap ETF | 16,660,738 | 17,284,657 |
Multifactor Technology ETF | 589,016 | 595,043 |
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.
Line of credit.The funds may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the funds' custodian agreement, the custodian may loan money to the funds to make properly authorized payments. The funds are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.
The funds, excluding Media and Communications ETF, 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 year ended April 30, 2019, the funds had no borrowings under the line of credit.
Commitment fees for the year ended April 30, 2019 were as follows:
Fund | Commitment fee |
Multifactor Consumer Discretionary ETF | $2,312 |
Multifactor Consumer Staples ETF | 2,274 |
Multifactor Developed International ETF | 2,526 |
Multifactor Emerging Markets ETF | 814 |
Multifactor Energy ETF | 2,284 |
Multifactor Financials ETF | 2,349 |
Multifactor Healthcare ETF | 2,328 |
Multifactor Industrials ETF | 2,280 |
Multifactor Large Cap ETF | 3,367 |
Multifactor Materials ETF | 2,265 |
Multifactor Mid Cap ETF | 3,212 |
Multifactor Small Cap ETF | 2,240 |
Multifactor Technology ETF | 2,348 |
Multifactor Utilities ETF | 2,284 |
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, 2019, 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, 2019:
Fund | Short term | Long term |
Multifactor Consumer Discretionary ETF | $1,225,332 | $1,549,305 |
Multifactor Consumer Staples ETF | 548,660 | 81,505 |
Multifactor Developed International ETF | 2,580,881 | 209,135 |
Multifactor Emerging Markets ETF | 593,633 | — |
Multifactor Energy ETF | 1,909,518 | 360,659 |
Multifactor Financials ETF | 792,994 | 174,282 |
Multifactor Healthcare ETF | 1,048,331 | 691,903 |
Multifactor Industrials ETF | 623,163 | 675,610 |
Multifactor Large Cap ETF | 5,117,322 | 554,456 |
Multifactor Mid Cap ETF | 12,670,070 | 2,676,320 |
Multifactor Small Cap ETF | 11,892,662 | 690,700 |
Multifactor Technology ETF | 1,074,436 | 323,996 |
Multifactor Utilities ETF | 928,609 | 25,331 |
Due to certain Internal Revenue Code rules, utilization of the capital loss carryforwards may be limited in future years.
As of April 30, 2019, the funds have no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The funds' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on April 30, 2019, 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 | $40,136,221 | $3,912,901 | ($701,447 | ) | $3,211,454 | |||||||||
Multifactor Consumer Staples ETF | 27,921,172 | 1,968,917 | (804,168 | ) | 1,164,749 |
Fund | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) | ||||||||||
Multifactor Developed International ETF | $506,477,967 | $40,147,789 | ($7,881,955 | ) | $32,265,834 | |||||||||
Multifactor Emerging Markets ETF | 779,549,036 | 58,809,828 | (18,218,405 | ) | 40,591,423 | |||||||||
Multifactor Energy ETF | 28,668,763 | 419,069 | (2,843,363 | ) | (2,424,294 | ) | ||||||||
Multifactor Financials ETF | 44,855,078 | 4,313,714 | (1,514,015 | ) | 2,799,699 | |||||||||
Multifactor Healthcare ETF | 53,818,414 | 3,584,446 | (3,078,707 | ) | 505,739 | |||||||||
Multifactor Industrials ETF | 30,026,381 | 2,738,190 | (292,884 | ) | 2,445,306 | |||||||||
Multifactor Large Cap ETF | 821,242,873 | 128,516,773 | (23,562,894 | ) | 104,953,879 | |||||||||
Multifactor Materials ETF | 22,313,897 | 1,186,507 | (739,401 | ) | 447,106 | |||||||||
Multifactor Media and Communications ETF | 23,527,523 | 207,997 | (153,638 | ) | 54,359 | |||||||||
Multifactor Mid Cap ETF | 957,593,875 | 108,635,281 | (24,242,916 | ) | 84,392,365 | |||||||||
Multifactor Small Cap ETF | 443,396,031 | 30,173,581 | (17,293,566 | ) | 12,880,015 | |||||||||
Multifactor Technology ETF | 55,431,424 | 7,672,382 | (658,583 | ) | 7,013,799 | |||||||||
Multifactor Utilities ETF | 27,496,908 | 2,093,005 | (89,653 | ) | 2,003,352 |
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The funds generally declare and pay dividends at least semiannually from net investment income, if any. Capital gain distributions, if any, are typically distributed annually.
The tax character of distributions for the year ended April 30, 2019 was as follows:
2019 Distributions | |
Portfolio | Ordinary income |
Multifactor Consumer Discretionary ETF | $530,221 |
Multifactor Consumer Staples ETF | 726,880 |
Multifactor Developed International ETF | 2,179,880 |
Multifactor Emerging Markets ETF | 587,064 |
Multifactor Energy ETF | 528,622 |
Multifactor Financials ETF | 931,038 |
Multifactor Healthcare ETF | 415,032 |
Multifactor Industrials ETF | 439,292 |
Multifactor Large Cap ETF | 9,266,101 |
Multifactor Materials ETF | 317,644 |
Multifactor Mid Cap ETF | 7,646,180 |
Multifactor Small Cap ETF | 1,596,006 |
Multifactor Technology ETF | 544,744 |
Multifactor Utilities ETF | 724,139 |
The tax character of distributions for the year ended April 30, 2018 was as follows:
2018 Distributions | |
Portfolio | Ordinary income |
Multifactor Consumer Discretionary ETF | $353,350 |
Multifactor Consumer Staples ETF | 374,081 |
Multifactor Developed International ETF | 1,088,858 |
Multifactor Energy ETF | 451,108 |
Multifactor Financials ETF | 574,205 |
Multifactor Healthcare ETF | 339,741 |
Multifactor Industrials ETF | 242,432 |
Multifactor Large Cap ETF | 5,555,907 |
Multifactor Materials ETF | 287,581 |
Multifactor Mid Cap ETF | 2,178,013 |
Multifactor Technology ETF | 406,563 |
Multifactor Utilities ETF | 524,500 |
As of April 30, 2019, the components of distributable earnings on a tax basis were as follows:
Portfolio | Undistributed ordinary income |
Multifactor Consumer Discretionary ETF | $116,787 |
Multifactor Consumer Staples ETF | 182,707 |
Multifactor Developed International ETF | 6,748,811 |
Multifactor Emerging Markets ETF | 1,892,487 |
Multifactor Energy ETF | 132,366 |
Multifactor Financials ETF | 276,371 |
Multifactor Healthcare ETF | 936,132 |
Multifactor Industrials ETF | 75,349 |
Multifactor Large Cap ETF | 4,968,325 |
Multifactor Materials ETF | 121,620 |
Multifactor Media and Communications ETF | 7,147 |
Multifactor Mid Cap ETF | 2,798,510 |
Multifactor Small Cap ETF | 1,010,308 |
Multifactor Technology ETF | 163,860 |
Multifactor Utilities ETF | 203,060 |
Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable wash sale loss deferrals, redemptions-in-kind, treating a portion of the proceeds from redemptions as distributions for tax purposes, and investments in passive foreign investment companies.
Note 3 — Derivative Instruments
The funds may invest in derivatives in order to meet their investment objective. 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 or cleared 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.
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 Statementsof 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 the fund to unlimited risk of loss.
Upon entering into a futures contract, the 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 / payable for futures 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 year ended April 30, 2019. In addition, the table summarizes the range of notional contract amounts held by the funds, as measured at each quarter end:
Fund | Reason | USD notional range | ||||||
Multifactor Developed International ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $25.1 million | ||||||
Multifactor Emerging Markets ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $15.2 million | ||||||
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 $2.8 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 $3.4 million | ||||||
Multifactor Small Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and as a substitute for securities purchased | Up to $1.1 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 |
Effect of derivative instruments on the Statement of operations
The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended April 30, 2019:
Statements of operations location - net realized gain (loss) on: | ||||||||
Fund | Risk | Futures contracts | ||||||
Multifactor Developed International ETF | Equity | $332,437 | ||||||
Multifactor Emerging Markets ETF | Equity | 144,833 | ||||||
Multifactor Energy ETF | Equity | 167 | ||||||
Multifactor Financials ETF | Equity | 2,205 | ||||||
Multifactor Large Cap ETF | Equity | (66,295 | ) | |||||
Multifactor Mid Cap ETF | Equity | 36,333 | ||||||
Multifactor Small Cap ETF | Equity | 14,165 | ||||||
Multifactor Technology ETF | Equity | 11,865 |
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:
Prior to January 1, 2019, 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 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 fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended April 30, 2019, this waiver amounted to 0.01% of the fund's average net assets. 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 | 0.40% | Multifactor Large Cap ETF | 0.35% | |
Multifactor Consumer Staples ETF | 0.40% | Multifactor Materials ETF | 0.40% | |
Multifactor Developed International ETF | 0.45% | Multifactor Media and Communications ETF | 0.40% | |
Multifactor Emerging Markets ETF | 0.55% | Multifactor Mid Cap ETF | 0.45% | |
Multifactor Energy ETF | 0.40% | Multifactor Small Cap ETF | 0.50% | |
Multifactor Financials ETF | 0.40% | Multifactor Technology ETF | 0.40% | |
Multifactor Healthcare ETF | 0.40% | Multifactor Utilities ETF | 0.40% | |
Multifactor Industrials ETF | 0.40% |
Prior to January 1, 2019, the Advisor had 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% | |
Multifactor Consumer Staples ETF | 0.50% | Multifactor Materials ETF | 0.50% | |
Multifactor Energy ETF | 0.50% | Multifactor Technology ETF | 0.50% | |
Multifactor Financials ETF | 0.50% | Multifactor Utilities ETF | 0.50% | |
Multifactor Healthcare 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 Developed International ETF, Multifactor Large Cap ETF, Multifactor Mid Cap ETF, and Multifactor Small Cap ETF, expense limitation agreement expires on August 31, 2020, 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 Developed International ETF, Multifactor Large Cap ETF, Multifactor Mid Cap ETF, and Multifactor Small Cap ETF expires on August 31, 2019 unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The expense reductions described above amounted to the following for the year ended April 30, 2019:
Fund | Expense reimbursement | Fund | Expense reimbursement | |
Multifactor Consumer Discretionary ETF | $111,912 | Multifactor Large Cap ETF | $48,914 | |
Multifactor Consumer Staples ETF | 116,847 | Multifactor Materials ETF | 116,785 | |
Multifactor Developed International ETF | 216,473 | Multifactor Media and Communications ETF | 25,388 | |
Multifactor Emerging Markets ETF | 367,699 | Multifactor Mid Cap ETF | 47,732 | |
Multifactor Energy ETF | 117,758 | Multifactor Small Cap ETF | 219,644 | |
Multifactor Financials ETF | 112,957 | Multifactor Technology ETF | 112,471 | |
Multifactor Healthcare ETF | 112,606 | Multifactor Utilities ETF | 117,055 | |
Multifactor Industrials ETF | 116,412 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended April 30, 2019 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 | 0.17% | Multifactor Large Cap ETF | 0.28% | |
Multifactor Consumer Staples ETF | 0.00% | Multifactor Materials ETF | 0.00% | |
Multifactor Developed International ETF | 0.35% | Multifactor Media and Communications ETF | 0.00% | |
Multifactor Emerging Markets ETF | 0.43% | Multifactor Mid Cap ETF | 0.38% | |
Multifactor Energy ETF | 0.05% | Multifactor Small Cap ETF | 0.40% | |
Multifactor Financials ETF | 0.24% | Multifactor Technology ETF | 0.26% | |
Multifactor Healthcare ETF | 0.23% | Multifactor Utilities ETF | 0.02% | |
Multifactor Industrials ETF | 0.00% |
Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred for the year ended April 30, 2019 amounted to an annual rate of 0.02% of the fund's 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 Media and Communications 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 April 30, 2019:
Fund | % by Fund |
Multifactor Consumer Discretionary ETF | 72% |
Multifactor Consumer Staples ETF | 55% |
Multifactor Energy ETF | 54% |
Multifactor Financials ETF | 38% |
Multifactor Healthcare ETF | 24% |
Multifactor Industrials ETF | 65% |
Multifactor Materials ETF | 80% |
Multifactor Technology ETF | 28% |
Multifactor Utilities ETF | 61% |
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 short-term investments and in-kind transactions, are aggregated below for the year ended April 30, 2019. In addition, purchases and sales of in-kind transactions are aggregated below for the year ended April 30, 2019:
Purchases | Sales and maturities | ||||||||||||||||
Fund | In-kind transactions | Other issuers | In-kind transactions | Other issuers | |||||||||||||
Multifactor Consumer Discretionary ETF | $29,157,253 | $18,096,313 | $27,474,682 | $27,856,220 | |||||||||||||
Multifactor Consumer Staples ETF | 27,702,192 | 3,522,344 | 21,896,068 | 4,972,587 | |||||||||||||
Multifactor Developed International ETF | 400,441,197 | 73,143,794 | 22,181,155 | 40,300,973 |
Purchases | Sales and maturities | ||||||||||||||||
Fund | In-kind transactions | Other issuers | In-kind transactions | Other issuers | |||||||||||||
Multifactor Emerging Markets ETF | $293,833,319 | $502,995,715 | $10,481,991 | $13,957,622 | |||||||||||||
Multifactor Energy ETF | 13,101,174 | 7,563,287 | 17,902,341 | 8,082,347 | |||||||||||||
Multifactor Financials ETF | 11,390,471 | 5,585,455 | 31,187,990 | 7,694,754 | |||||||||||||
Multifactor Healthcare ETF | 35,081,005 | 12,009,310 | 23,840,091 | 13,455,450 | |||||||||||||
Multifactor Industrials ETF | 22,171,502 | 13,462,081 | 15,804,337 | 22,150,033 | |||||||||||||
Multifactor Large Cap ETF | 499,748,378 | 40,729,490 | 49,052,125 | 37,544,214 | |||||||||||||
Multifactor Materials ETF | 10,353,918 | 8,847,537 | 7,192,777 | 11,062,476 | |||||||||||||
Multifactor Media and Communications ETF | 22,226,332 | 1,358,466 | — | 58,025 | |||||||||||||
Multifactor Mid Cap ETF | 730,124,316 | 84,250,493 | 44,252,660 | 143,480,731 | |||||||||||||
Multifactor Small Cap ETF | 463,433,941 | 72,481,101 | 26,297,292 | 120,042,110 | |||||||||||||
Multifactor Technology ETF | 39,638,784 | 17,698,699 | 35,840,297 | 32,637,942 | |||||||||||||
Multifactor Utilities ETF | 44,565,680 | 5,488,505 | 32,914,435 | 9,186,434 |
Note 8 — Industry or sector risk
The 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 the fund's assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund's NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors. Financial services companies can be hurt by economic declines, changes in interest rates regulatory and market impacts.
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 April 30, 2019, 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 Managed Volatility Growth Portfolio | 55.3% |
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 22.5% | |
Other affiliated funds | 5.9% | |
Total | 83.7% | |
Multifactor Emerging Markets ETF | John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 27.0% |
John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 22.7% | |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 17.4% | |
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 11.4% | |
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 11.0% | |
Other affiliated funds | 8.6% | |
Total | 98.1% | |
Multifactor Large Cap ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 31.8% |
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 21.1% | |
Other affiliated funds | 8.5% | |
Total | 61.4% | |
Multifactor Mid Cap ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 17.0% |
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 11.6% | |
Other affiliated funds | 7.5% | |
Total | 36.1% | |
Multifactor Small Cap ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 43.4% |
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 20.8% | |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 7.8% | |
Other affiliated funds | 15.8% | |
Total | 87.8% |
Note 10 — 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 funds' 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 | 2,357,913 | (2,511,403 | ) | 115,596 | — | — | $224 | ($109 | ) | $1,156,793 | ||||||||||||||||||
Multifactor Consumer Staples ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 101,456 | 952,024 | (1,031,865 | ) | 21,615 | — | — | $254 | ($27 | ) | $216,306 | ||||||||||||||||||
Multifactor Developed International ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 339,360 | 9,432,255 | (6,723,694 | ) | 3,047,921 | — | — | $2,516 | $192 | $30,501,151 | |||||||||||||||||||
Multifactor Emerging Markets ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | — | 876,556 | (458,022 | ) | 418,534 | — | — | $762 | $62 | $4,188,357 | |||||||||||||||||||
Multifactor Energy ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 175,357 | 1,029,124 | (1,204,481 | ) | — | — | — | $126 | ($44 | ) | — | ||||||||||||||||||
Multifactor Financials ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 54,760 | 451,588 | (506,348 | ) | — | — | — | $92 | ($13 | ) | — | ||||||||||||||||||
Multifactor Healthcare ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | — | 456,197 | (392,496 | ) | 63,701 | — | — | $57 | $16 | $637,469 | |||||||||||||||||||
Multifactor Industrials ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | — | 405,958 | (380,182 | ) | 25,776 | — | — | $28 | $4 | $257,948 | |||||||||||||||||||
Multifactor Large Cap ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 954,493 | 6,843,207 | (7,372,001 | ) | 425,699 | — | — | $1,607 | ($187 | ) | $4,260,052 | ||||||||||||||||||
Multifactor Mid Cap ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 2,032,749 | 14,751,152 | (15,592,107 | ) | 1,191,794 | — | — | $5,650 | ($344 | ) | $11,926,516 | ||||||||||||||||||
Multifactor Small Cap ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 277,011 | 11,198,362 | (9,747,537 | ) | 1,727,836 | — | — | $6,111 | $196 | $17,290,805 | |||||||||||||||||||
Multifactor Technology ETF | |||||||||||||||||||||||||||||
John Hancock Collateral Trust* | 208,331 | 1,676,735 | (1,825,606 | ) | 59,460 | — | — | $498 | ($88 | ) | $595,033 | ||||||||||||||||||
*Refer to the Securities lending note within Note 2 for details regarding this investment. |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Trustees of John Hancock Exchange-Traded Fund Trust and Shareholders of John Hancock Multifactor Consumer Discretionary ETF, John Hancock Multifactor Consumer Staples ETF, John Hancock Multifactor Developed International ETF, John Hancock Multifactor 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 Media and Communications ETF, John Hancock Multifactor Mid Cap ETF, John Hancock Multifactor Small Cap ETF, John Hancock Multifactor Technology ETF, and John Hancock Multifactor Utilities ETF
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the Funds' investments, of each of the funds listed in the table below (constituting John Hancock Exchange-Traded Fund Trust, hereafter collectively referred to as the "Funds")as of April 30, 2019, the related statements of operations, the statements of changes in net assets, including the related notes, and the financial highlights for each of the periods listed in the table below (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of April 30, 2019, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for each of the periods listed in the table below in conformity with accounting principles generally accepted in the United States of America.
Individual fund comprising the John Hancock Exchange-Traded Fund Trust | Statement of operations | Statements of changes in net assets | Financial Highlights |
John Hancock Multifactor Consumer Discretionary ETF John Hancock Multifactor Financials ETF John Hancock Multifactor Healthcare ETF John Hancock Multifactor Large Cap ETF John Hancock Multifactor Mid Cap ETF John Hancock Multifactor Technology ETF | For the year ended April 30, 2019 | For the years ended April 30, 2019 and 2018 | For the years ended April 30, 2019, 2018, and 2017, and for the period September 28, 2015 (commencement of operations) through April 30, 2016 |
John Hancock Multifactor Consumer Staples ETF John Hancock Multifactor Energy ETF John Hancock Multifactor Industrials ETF John Hancock Multifactor Materials ETF John Hancock Multifactor Utilities ETF | For the year ended April 30, 2019 | For the years ended April 30, 2019 and 2018 | For the years ended April 30, 2019, 2018, and 2017, and for the period March 28, 2016 (commencement of operations) through April 30, 2016 |
John Hancock Multifactor Developed International ETF | For the year ended April 30, 2019 | For the years ended April 30, 2019 and 2018 | For the years ended April 30, 2019 and 2018, and for the period December 15, 2016 (commencement of operations) through April 30,2017 |
John Hancock Multifactor Small Cap ETF | For the year ended April 30, 2019 | For the year ended April 30, 2019 and for the period November 8, 2017 (commencement of operations) through April 30, 2018 | |
John Hancock Multifactor Emerging Markets ETF | For the period September 27, 2018 (commencement of operations) through April 30, 2019 | ||
John Hancock Multifactor Media and Communications ETF | For the period March 12, 2019 (commencement of operations) through April 30, 2019 |
Basis for Opinions
These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of April 30, 2019 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 14, 2019
We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.
Unaudited
For federal income tax purposes, the following information is furnished with respect to the distributions of each fund, if any, paid during its taxable year ended April 30, 2019.
Each fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.
Each fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.
As of April 30, 2019, for Multifactor Developed International ETF, income derived from foreign sources was $8,202,598. The fund intends to pass through foreign tax credits of $615,052.
As of April 30, 2019, for Multifactor Emerging Markets ETF, income derived from foreign sources was $4,098,399. The fund intends to pass through foreign tax credits of $563,985.
As of April 30, 2019, Multifactor Materials ETF paid $94,362 in long term capital gain dividends.
Eligible shareholders will be mailed a 2019 Form 1099-DIV in early 2020. This will reflect the tax character of all distributions paid in calendar year 2019.
Please consult a tax advisor regarding the tax consequences of your investment in a fund.
EVALUATION OF ADVISORY AND SUBADVISORY AGREEMENTS BY THE BOARD OF TRUSTEES
Approval of Advisory and Subadvisory Agreements
At an in-person meeting held on December 11-13, 2018, the Board of Trustees (the Board) of John Hancock Exchange-Traded Fund Trust (the Trust), including all of the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), approved the establishment of John Hancock Multifactor Media and Communications 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 revenues and costs of providing services 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 December 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 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, 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 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 their 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) | 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 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 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 New 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 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 New Fund, 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 New Fund will pay an advisory fee to the Advisor and that, in turn, the Advisor will pay a subadvisory fee 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) | that the subadvisory fees will be paid by the Advisor not the New Fund. | |
* * * |
Based on the Board's evaluation of all factors that it deemed to be material, including those factors described above, and assisted by the advice of independent legal counsel, the Board, including the Independent Trustees, concluded that approval of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the New Fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the amendments to the Advisory Agreement and Subadvisory Agreement.
This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the portfolios and execute policies formulated by the Trustees.
Independent Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2015 | 215 |
Trustee and Chairperson of the Board Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. |
Charles L. Bardelis,2 Born: 1941 | 2015 | 215 |
Trustee Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988). |
James R. Boyle,Born: 1959 | 2015 | 215 |
Trustee Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014-July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999-2012); Chairman and Director, John Hancock Advisers, LLC, John Hancock Funds, LLC, and John Hancock Investment Management Services, LLC (2005-2010). Trustee of various trusts within the John Hancock Fund Complex (2005-2014 and since 2015). |
Peter S. Burgess,2 Born: 1942 | 2015 | 215 |
Trustee Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010-2016)); Director, PMA Capital Corporation (2004-2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). |
William H. Cunningham, Born: 1944 | 2015 | 215 |
Trustee Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009-2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). |
Grace K. Fey, Born: 1946 | 2015 | 215 |
Trustee Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988-2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
Independent Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Theron S. Hoffman,2 Born: 1947 | 2015 | 215 |
Trustee Chief Executive Officer, T. Hoffman Associates, LLC (consulting firm) (since 2003); Director, The Todd Organization (consulting firm) (2003-2010); President, Westport Resources Management (investment management consulting firm) (2006-2008); Board Member, Senior Managing Director, Partner, and Operating Head, Putnam Investments (2000-2003); Executive Vice President, The Thomson Corp. (financial and legal information publishing) (1997-2000). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
Deborah C. Jackson, Born: 1952 | 2015 | 215 |
Trustee President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (since 2014); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002-2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996-2009); Board of Directors of Boston Stock Exchange (2002-2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007-2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
James M. Oates, Born: 1946 | 2015 | 215 |
Trustee Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997-2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995-2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex. |
Steven R. Pruchansky, Born: 1944 | 2015 | 215 |
Trustee and Vice Chairperson of the Board Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2000); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011-2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. |
Gregory A. Russo, Born: 1949 | 2015 | 215 |
Trustee Director and Audit Committee Chairman (since 2012), and Member, Audit Committee and Finance Committee (since 2011), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (since 2012) and Finance Committee Chairman (since 2014), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002-2006); Vice Chairman, Industrial Markets, KPMG (1998-2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986-1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989-1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990-1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
Non-Independent Trustees3
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 215 |
President and Non-Independent Trustee Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Advisers, LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Investment Management Services, LLC (since 2006, including prior positions); President, John Hancock Funds, LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). |
Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Officer of the Trust since |
Francis V. Knox, Jr.,Born: 1947 | 2014 |
Chief Compliance Officer Vice President, John Hancock Financial Services (since 2005); Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Advisers, LLC, and John Hancock Investment Management Services, LLC (since 2005). |
Charles A. Rizzo, Born: 1957 | 2014 |
Chief Financial Officer Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). |
Salvatore Schiavone, Born: 1965 | 2014 |
Treasurer Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). |
Christopher (Kit) Sechler,Born: 1973 | 2018 |
Chief Legal Officer and Secretary Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009-2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC (since 2009). |
The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.
The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-6020.
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee's death, retirement, resignation, or removal. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
Trustees Hassell H. McClellan,Chairperson Officers Andrew G. Arnott Francis V. Knox, Jr. Charles A. Rizzo Salvatore Schiavone Christopher (Kit) Sechler** | Investment advisor John Hancock Advisers, LLC Subadvisor Dimensional Fund Advisors LP Portfolio Managers Joseph F. Hohn Principal distributor Foreside Fund Services, LLC Custodian State Street Bank and Trust Company Transfer agent State Street Bank and Trust Company Legal counsel Dechert LLP Independent registered public accounting firm PricewaterhouseCoopers LLP |
* Member of the Audit Committee
† Non-Independent Trustee
# Effective 6-19-18
** Effective 9-13-18
The funds' proxy voting policies and procedures, as well as the funds' 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.
All of the funds' holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The funds' Form N-PORT filings are available on our website and the SEC's website, sec.gov.
We make this information on your funds', as well asmonthly portfolio holdings, and other funds' 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 |
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. 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 International Dynamic Growth 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 Disciplined Alternative Yield Global Absolute Return Strategies Infrastructure Seaport Long/Short |
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 Media and 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 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, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Funds, LLC or Dimensional Fund Advisors LP.
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, John Hancock Multifactor ETFs.
John Hancock Investment Management
A trusted brand
John Hancock Investment Management 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 Investment Management n 200 Berkeley Street n Boston, MA 02116 n 800-225-6020 n jhinvestments.com/etf
This report is for the information of the shareholders of John Hancock Multifactor ETFs. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
JHAN-20180615-0136 | ETFA 4/19 6/19 |
ITEM 2. CODE OF ETHICS.
As of the end of the period, April 30, 2019, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the “Senior Financial Officers”). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Peter S. Burgess is the audit committee financial expert and is “independent”, pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Fund | April 30, 2019 | April 30, 2018 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 14,000 | $ | 13,759 |
John Hancock Multifactor Financials ETF | 14,500 | 13,759 | ||
John Hancock Multifactor Healthcare ETF | 14,500 | 13,759 | ||
John Hancock Multifactor Large Cap ETF | 14,000 | 14,259 | ||
John Hancock Multifactor Emerging Markets ETF | 14,000 | - | ||
John Hancock Multifactor Mid Cap ETF | 14,500 | 15,259 | ||
John Hancock Multifactor Technology ETF | 14,000 | 13,759 | ||
John Hancock Multifactor Materials ETF | 14,000 | 14,259 | ||
John Hancock Multifactor Energy ETF | 14,500 | 13,759 | ||
John Hancock Multifactor Consumer Staples ETF | 14,000 | 14,259 | ||
John Hancock Multifactor Media and Communications ETF | 14,000 | - | ||
John Hancock Multifactor Industrials ETF | 14,000 | 14,259 | ||
John Hancock Multifactor Utilities ETF | 14,000 | 14,259 | ||
John Hancock Multifactor Developed International ETF | 15,550 | 14,284 | ||
John Hancock Multifactor Small Cap ETF | 14,000 | 12,500 | ||
Total | $ | 213,550 | $ | 182,133 |
Fund | April 30, 2019 | April 30, 2018 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 0 | $ | 0 |
John Hancock Multifactor Financials ETF | 0 | 0 |
John Hancock Multifactor Healthcare ETF | 0 | 0 | ||
John Hancock Multifactor Large Cap ETF | 0 | 0 | ||
John Hancock Multifactor Emerging Markets ETF | 0 | - | ||
John Hancock Multifactor Mid Cap ETF | 0 | 0 | ||
John Hancock Multifactor Technology ETF | 0 | 0 | ||
John Hancock Multifactor Materials ETF | 0 | 0 | ||
John Hancock Multifactor Energy ETF | 0 | 0 | ||
John Hancock Multifactor Consumer Staples ETF | 0 | 0 | ||
John Hancock Multifactor Media and Communications ETF | 0 | - | ||
John Hancock Multifactor Industrials ETF | 0 | 0 | ||
John Hancock Multifactor Utilities ETF | 0 | 0 | ||
John Hancock Multifactor Developed International ETF | 0 | 0 | ||
John Hancock Multifactor Small Cap ETF | 0 | - | ||
Total | $ | 0 | $ | 0 |
In addition, amounts billed to control affiliates for service provider internal controls reviews were $113,000 for the fiscal period ended April 30, 2019 and $110,200 for the fiscal period ended April 30, 2018.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning (“tax fees”) amounted to the following for the fiscal period ended April 30, 2019 and for the fiscal period ended April 30, 2018. The nature of the services comprising the tax fees was the review of the registrant’s tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant’s audit committee.
Fund | April 30, 2019 | April 30, 2018 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 1,000 | $ | 1,120 |
John Hancock Multifactor Financials ETF | 1,000 | 1,000 | ||
John Hancock Multifactor Healthcare ETF | 1,000 | 1,125 | ||
John Hancock Multifactor Large Cap ETF | 1,000 | 1,336 | ||
John Hancock Multifactor Emerging Markets ETF | 0 | - | ||
John Hancock Multifactor Mid Cap ETF | 1,000 | 1,211 | ||
John Hancock Multifactor Technology ETF | 1,000 | 1,075 | ||
John Hancock Multifactor Materials ETF | 1,000 | 1,000 | ||
John Hancock Multifactor Energy ETF | 1,000 | 1,136 | ||
John Hancock Multifactor Consumer Staples ETF | 1,000 | 1,000 | ||
John Hancock Multifactor Media and Communications ETF | 0 | - | ||
John Hancock Multifactor Industrials ETF | 1,000 | 1,000 | ||
John Hancock Multifactor Utilities ETF | 1,000 | 1,000 | ||
John Hancock Multifactor Developed International ETF | 1,000 | 1,000 | ||
John Hancock Multifactor Small Cap ETF | 1,000 | 0 | ||
Total | $ | 13,000 | $ | 13,003 |
(d) All Other Fees
Other fees billed for professional services rendered by the principal accountant to the registrant or to the control affiliates for the fiscal period ended April 30, 2019 and for the fiscal period ended April 30, 2018 amounted to the following:
Fund | April 30, 2019 | April 30, 2018 | ||
John Hancock Multifactor Consumer Discretionary ETF | $ | 102 | $ | 221 |
John Hancock Multifactor Financials ETF | 102 | 221 | ||
John Hancock Multifactor Healthcare ETF | 102 | 221 | ||
John Hancock Multifactor Large Cap ETF | 1,213 | 221 | ||
John Hancock Multifactor Emerging Markets ETF | 89 | - | ||
John Hancock Multifactor Mid Cap ETF | 102 | 221 | ||
John Hancock Multifactor Technology ETF | 1,213 | 221 | ||
John Hancock Multifactor Materials ETF | 1,213 | 221 | ||
John Hancock Multifactor Energy ETF | 102 | 221 | ||
John Hancock Multifactor Consumer Staples ETF | 102 | 221 | ||
John Hancock Multifactor Media and Communications ETF | 84 | - | ||
John Hancock Multifactor Industrials ETF | 102 | 221 | ||
John Hancock Multifactor Utilities ETF | 102 | 221 | ||
John Hancock Multifactor Developed International ETF | 102 | 221 | ||
John Hancock Multifactor Small Cap ETF | 1,213 | 221 | ||
Total | $ | 2,873 | $ | 2,873 |
(e)(1) Audit Committee Pre-Approval Policies and Procedures:
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the “Auditor”) relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The trust’s Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per instance/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per instance/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:
Audit-Related Fees, Tax Fees and All Other Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f) According to the registrant’s principal accountant, for the fiscal period ended April 30, 2019, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g) The aggregate non-audit fees billed by the registrant's accountant for non- audit services rendered to the registrant and rendered to the registrant's control affiliates for the fiscal period ended April 30, 2019 and April 30, 2018 amounted to the following:
Trust | April 30, 2019 | April 30, 2018 | ||
John Hancock Exchange-Traded Fund Trust | $ | 905,671 | $ | 6,847,555 |
(h) The audit committee of the registrant has considered the non-audit services provided by the registrant’s principal accountant(s) to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant(s)' independence.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Peter S. Burgess - Chairman
Charles L. Bardelis
Theron S. Hoffman
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Not applicable.
(b) Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached “John Hancock Funds – Nominating, Governance and Administration Committee Charter”.
ITEM 11. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.: Not applicable.
ITEM 13. EXHIBITS.
(a)(1) Code of Ethics for Covered Officers is attached.
(a)(2) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
(b)(1) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.
(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached “John Hancock Funds – Nominating, Governance and Administration Committee Charter”.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Exchange-Traded Fund Trust
By: | /s/ Andrew Arnott | |
Andrew Arnott | ||
President | ||
Date: | June 18, 2019 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott | |
Andrew Arnott | ||
President | ||
Date: | June 18, 2019 | |
By: | /s/ Charles A. Rizzo | |
Charles A. Rizzo | ||
Chief Financial Officer | ||
Date: | June 18, 2019 |