Semiannual
report
John
Hancock
ETFs
Multifactor
October
31, 2023
| 2 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets) | |
| TotalEnergies SE | 1.7 |
| Shell PLC | 1.5 |
| Novo Nordisk A/S, B Shares | 1.5 |
| Nestle SA | 1.2 |
| ASML Holding NV | 1.1 |
| BP PLC | 1.0 |
| Novartis AG | 0.9 |
| Wolters Kluwer NV | 0.9 |
| Toyota Motor Corp. | 0.9 |
| LVMH Moet Hennessy Louis Vuitton SE | 0.9 |
| TOTAL | 11.6 |
| 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 excludes cash and cash equivalents. | |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 3 |
| TOP 10 HOLDINGS AS OF 10/31/2023 (% of total investments) | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | 4.1 |
| Samsung Electronics Company, Ltd. | 3.9 |
| Tencent Holdings, Ltd. | 3.3 |
| Alibaba Group Holding, Ltd., ADR | 1.6 |
| Reliance Industries, Ltd. | 1.4 |
| HDFC Bank, Ltd. | 1.3 |
| Alibaba Group Holding, Ltd. | 1.0 |
| Infosys, Ltd. | 0.9 |
| China Construction Bank Corp., H Shares | 0.9 |
| ICICI Bank, Ltd. | 0.9 |
| TOTAL | 19.3 |
| 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 excludes cash and cash equivalents. | |
| 4 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets) | |
| Microsoft Corp. | 4.5 |
| Apple, Inc. | 3.9 |
| Amazon.com, Inc. | 2.2 |
| Alphabet, Inc., Class A | 1.9 |
| Meta Platforms, Inc., Class A | 1.5 |
| NVIDIA Corp. | 1.1 |
| Berkshire Hathaway, Inc., Class B | 1.0 |
| UnitedHealth Group, Inc. | 0.9 |
| Eli Lilly & Company | 0.9 |
| Exxon Mobil Corp. | 0.9 |
| TOTAL | 18.8 |
| 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 excludes cash and cash equivalents. | |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 5 |
| TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets) | |
| D.R. Horton, Inc. | 0.6 |
| United Rentals, Inc. | 0.5 |
| W.W. Grainger, Inc. | 0.5 |
| Ameriprise Financial, Inc. | 0.5 |
| The Hartford Financial Services Group, Inc. | 0.5 |
| AMETEK, Inc. | 0.5 |
| Diamondback Energy, Inc. | 0.4 |
| Fastenal Company | 0.4 |
| CDW Corp. | 0.4 |
| Lennar Corp., A Shares | 0.4 |
| TOTAL | 4.7 |
| 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 excludes cash and cash equivalents. | |
| 6 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets) | |
| Capri Holdings, Ltd. | 0.6 |
| Crocs, Inc. | 0.6 |
| FTI Consulting, Inc. | 0.6 |
| Ionis Pharmaceuticals, Inc. | 0.6 |
| Selective Insurance Group, Inc. | 0.6 |
| Elastic NV | 0.5 |
| HealthEquity, Inc. | 0.5 |
| Axalta Coating Systems, Ltd. | 0.5 |
| Duolingo, Inc. | 0.5 |
| Applied Industrial Technologies, Inc. | 0.5 |
| TOTAL | 5.5 |
| 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 excludes cash and cash equivalents. | |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 7 |
| Account value on 5-1-2023 |
Ending value on 10-31-2023 |
Expenses paid during 10-31-20231 |
Annualized expense ratio | |
| Multifactor Developed International ETF | ||||
| Actual expenses/actual returns | $1,000.00 | $933.60 | $1.90 | 0.39% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,023.20 | 1.98 | 0.39% |
| Multifactor Emerging Markets ETF | ||||
| Actual expenses/actual returns | $1,000.00 | $963.30 | $2.42 | 0.49% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,022.70 | 2.49 | 0.49% |
| Multifactor Large Cap ETF | ||||
| Actual expenses/actual returns | $1,000.00 | $993.60 | $1.45 | 0.29% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,023.70 | 1.48 | 0.29% |
| Multifactor Mid Cap ETF | ||||
| Actual expenses/actual returns | $1,000.00 | $948.70 | $2.01 | 0.41% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,023.10 | 2.09 | 0.41% |
| 8 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL |
| Account value on 5-1-2023 |
Ending value on 10-31-2023 |
Expenses paid during 10-31-20231 |
Annualized expense ratio | |
| Multifactor Small Cap ETF | ||||
| Actual expenses/actual returns | $1,000.00 | $959.00 | $2.07 | 0.42% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,023.00 | 2.14 | 0.42% |
| 1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period). |
| SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 9 |
| 10 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
| (C) | The rate shown is the annualized seven-day yield as of 10-31-23. |
| (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. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 49 |
| Multifactor Developed International ETF | Multifactor Emerging Markets ETF | Multifactor Large Cap ETF | Multifactor Mid Cap ETF | |
| Assets | ||||
| Unaffiliated investments, at value | $467,183,294 | $617,596,689 | $671,761,570 | $2,984,048,208 |
| Affiliated investments, at value | 745,490 | 1,964,393 | 213,595 | 2,125,616 |
| Total investments, at value | 467,928,784 | 619,561,082 | 671,975,165 | 2,986,173,824 |
| Cash | 121,583 | 1,740 | 3,017 | — |
| Foreign currency, at value | 1,421,233 | 1,232,703 | — | — |
| Dividends and interest receivable | 2,096,574 | 944,705 | 539,896 | 1,641,347 |
| Receivable for investments sold | 278,338 | 499 | 20,567,267 | 4,551,010 |
| Receivable for securities lending income | 6,213 | 6,482 | 2,322 | 18,151 |
| Other assets | 38,704 | 55,162 | 63,271 | 194,321 |
| Total assets | 471,891,429 | 621,802,373 | 693,150,938 | 2,992,578,653 |
| Liabilities | ||||
| Due to custodian | — | — | — | 71,052 |
| Foreign capital gains tax payable | — | 4,083,746 | — | — |
| Payable for investments purchased | 404,570 | 5,459 | 3,017 | — |
| Payable for fund shares repurchased | — | — | 20,637,183 | 4,486,198 |
| Payable upon return of securities loaned | 742,796 | 1,964,197 | 213,532 | 2,130,792 |
| Payable to affiliates | ||||
| Investment management fees | 122,898 | 188,025 | 134,091 | 933,241 |
| Accounting and legal services fees | 30,208 | 40,082 | 45,683 | 190,776 |
| Trustees’ fees | 582 | 893 | 953 | 3,298 |
| Other liabilities and accrued expenses | 88,363 | 184,043 | 118,125 | 319,438 |
| Total liabilities | 1,389,417 | 6,466,445 | 21,152,584 | 8,134,795 |
| Net assets | $470,502,012 | $615,335,928 | $671,998,354 | $2,984,443,858 |
| Net assets consist of | ||||
| Paid-in capital | $518,460,430 | $696,537,960 | $653,571,331 | $3,084,519,940 |
| Total distributable earnings (loss) | (47,958,418) | (81,202,032) | 18,427,023 | (100,076,082) |
| Net assets | $470,502,012 | $615,335,928 | $671,998,354 | $2,984,443,858 |
| Unaffiliated investments, at cost | $459,038,099 | $630,912,656 | $644,109,794 | $2,978,853,705 |
| Affiliated investments, at cost | $745,509 | $1,964,441 | $213,599 | $2,125,653 |
| Foreign currency, at cost | $1,423,226 | $1,282,927 | — | — |
| Securities loaned, at value | $4,724,503 | $3,887,748 | $1,236,855 | $18,759,181 |
| 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 | $470,502,012 | $615,335,928 | $671,998,354 | $2,984,443,858 |
| Shares outstanding | 16,400,000 | 26,700,000 | 13,025,000 | 66,525,000 |
| Net asset value per share | $28.69 | $23.05 | $51.59 | $44.86 |
| 50 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
| Multifactor Small Cap ETF | |
| Assets | |
| Unaffiliated investments, at value | $321,547,698 |
| Affiliated investments, at value | 14,466 |
| Total investments, at value | 321,562,164 |
| Dividends and interest receivable | 93,824 |
| Receivable for investments sold | 8,894 |
| Receivable for securities lending income | 858 |
| Other assets | 33,384 |
| Total assets | 321,699,124 |
| Liabilities | |
| Payable for investments purchased | 2,536 |
| Payable upon return of securities loaned | 15,662 |
| Payable to affiliates | |
| Investment management fees | 95,108 |
| Accounting and legal services fees | 21,285 |
| Trustees’ fees | 454 |
| Other liabilities and accrued expenses | 68,773 |
| Total liabilities | 203,818 |
| Net assets | $321,495,306 |
| Net assets consist of | |
| Paid-in capital | $418,639,668 |
| Total distributable earnings (loss) | (97,144,362) |
| Net assets | $321,495,306 |
| Unaffiliated investments, at cost | $329,081,357 |
| Affiliated investments, at cost | $14,466 |
| Securities loaned, at value | $2,460,673 |
| 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 | $321,495,306 |
| Shares outstanding | 10,650,000 |
| Net asset value per share | $30.19 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 51 |
| Multifactor Developed International ETF | Multifactor Emerging Markets ETF | Multifactor Large Cap ETF | Multifactor Mid Cap ETF | |
| Investment income | ||||
| Dividends from unaffiliated investments | $8,969,450 | $15,101,279 | $6,776,370 | $29,402,821 |
| Securities lending | 75,759 | 50,759 | 11,436 | 85,145 |
| Interest | 4,912 | 929 | 348 | 665 |
| Less foreign taxes withheld | (798,861) | (2,178,228) | (1,509) | (8,856) |
| Total investment income | 8,251,260 | 12,974,739 | 6,786,645 | 29,479,775 |
| Expenses | ||||
| Investment management fees | 874,101 | 1,471,407 | 982,324 | 5,784,133 |
| Accounting and legal services fees | 49,515 | 66,899 | 74,303 | 307,512 |
| Transfer agent fees | 5,033 | 5,033 | 5,033 | 5,033 |
| Trustees’ fees | 5,729 | 8,170 | 8,963 | 35,407 |
| Custodian fees | 79,574 | 292,997 | 67,583 | 236,646 |
| Printing and postage | 15,259 | 12,320 | 24,390 | 79,846 |
| Professional fees | 29,251 | 33,562 | 40,155 | 99,822 |
| Stock exchange listing fees | 4,509 | 6,871 | 4,509 | 9,266 |
| Other | 15,276 | 21,410 | 18,216 | 40,304 |
| Total expenses | 1,078,247 | 1,918,669 | 1,225,476 | 6,597,969 |
| Less expense reductions | (103,769) | (275,746) | (129,807) | (113,387) |
| Net expenses | 974,478 | 1,642,923 | 1,095,669 | 6,484,582 |
| Net investment income | 7,276,782 | 11,331,816 | 5,690,976 | 22,995,193 |
| Realized and unrealized gain (loss) | ||||
| Net realized gain (loss) on | ||||
| Unaffiliated investments and foreign currency transactions | (9,660,875) | (10,791,508)1 | (6,053,871) | (31,639,632) |
| Affiliated investments | (817) | (407) | (17) | (330) |
| Futures contracts | (11,926) | 20,286 | 6,212 | 29,169 |
| Redemptions in kind | 7,201,821 | 4,775,606 | 43,514,629 | 73,637,478 |
| (2,471,797) | (5,996,023) | 37,466,953 | 42,026,685 | |
| Change in net unrealized appreciation (depreciation) of | ||||
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | (37,771,671) | (28,041,080) | (46,486,703) | (228,086,613) |
| Affiliated investments | 173 | (33) | (1) | 29 |
| (37,771,498) | (28,041,113) | (46,486,704) | (228,086,584) | |
| Net realized and unrealized loss | (40,243,295) | (34,037,136) | (9,019,751) | (186,059,899) |
| Decrease in net assets from operations | $(32,966,513) | $(22,705,320) | $(3,328,775) | $(163,064,706) |
| 1 | Net of foreign capital gains taxes of $1,088,333. |
| 52 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
| Multifactor Small Cap ETF | |
| Investment income | |
| Dividends from unaffiliated investments | $2,906,610 |
| Securities lending | 18,735 |
| Interest | 126 |
| Less foreign taxes withheld | (2,337) |
| Total investment income | 2,923,134 |
| Expenses | |
| Investment management fees | 686,950 |
| Accounting and legal services fees | 34,705 |
| Transfer agent fees | 5,033 |
| Trustees’ fees | 4,151 |
| Custodian fees | 36,386 |
| Printing and postage | 13,155 |
| Professional fees | 27,178 |
| Stock exchange listing fees | 4,509 |
| Other | 13,770 |
| Total expenses | 825,837 |
| Less expense reductions | (86,044) |
| Net expenses | 739,793 |
| Net investment income | 2,183,341 |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| Unaffiliated investments and foreign currency transactions | (7,692,075) |
| Affiliated investments | (108) |
| Futures contracts | (7,670) |
| Redemptions in kind | 18,591,080 |
| 10,891,227 | |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | (26,211,688) |
| Affiliated investments | 49 |
| (26,211,639) | |
| Net realized and unrealized loss | (15,320,412) |
| Decrease in net assets from operations | $(13,137,071) |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 53 |
| Multifactor Developed International ETF |
Multifactor Emerging Markets ETF | Multifactor Large Cap ETF | ||||
| Six
months ended 10-31-23 (unaudited) |
Year
ended 4-30-23 |
Six
months ended 10-31-23 (unaudited) |
Year
ended 4-30-23 |
Six
months ended 10-31-23 (unaudited) |
Year
ended 4-30-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $7,276,782 | $14,607,913 | $11,331,816 | $22,024,982 | $5,690,976 | $11,130,723 |
| Net realized gain (loss) | (2,471,797) | (12,094,702) | (5,996,023) | (29,379,018) | 37,466,953 | 33,436,167 |
| Change in net unrealized appreciation (depreciation) | (37,771,498) | 30,229,461 | (28,041,113) | (25,012,607) | (46,486,704) | (35,705,601) |
| Increase (decrease) in net assets resulting from operations | (32,966,513) | 32,742,672 | (22,705,320) | (32,366,643) | (3,328,775) | 8,861,289 |
| Distributions to shareholders | ||||||
| From earnings | (10,678,560) | (12,810,369) | (9,167,659) | (18,390,167) | (4,962,354) | (10,582,221) |
| From fund share transactions | ||||||
| Shares issued | 54,944,861 | 39,519,440 | 7,452,047 | 104,872,084 | 78,506,979 | 86,066,757 |
| Shares repurchased | (27,474,545) | (55,442,968) | (63,612,151) | (11,598,854) | (116,829,054) | (147,594,230) |
| Total from fund share transactions | 27,470,316 | (15,923,528) | (56,160,104) | 93,273,230 | (38,322,075) | (61,527,473) |
| Total increase (decrease) | (16,174,757) | 4,008,775 | (88,033,083) | 42,516,420 | (46,613,204) | (63,248,405) |
| Net assets | ||||||
| Beginning of period | 486,676,769 | 482,667,994 | 703,369,011 | 660,852,591 | 718,611,558 | 781,859,963 |
| End of period | $470,502,012 | $486,676,769 | $615,335,928 | $703,369,011 | $671,998,354 | $718,611,558 |
| Share activity | ||||||
| Shares outstanding | ||||||
| Beginning of period | 15,500,000 | 16,100,000 | 29,000,000 | 25,100,000 | 13,750,000 | 14,975,000 |
| Shares issued | 1,800,000 | 1,400,000 | 300,000 | 4,400,000 | 1,450,000 | 1,725,000 |
| Shares repurchased | (900,000) | (2,000,000) | (2,600,000) | (500,000) | (2,175,000) | (2,950,000) |
| End of period | 16,400,000 | 15,500,000 | 26,700,000 | 29,000,000 | 13,025,000 | 13,750,000 |
| 54 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
| Multifactor Mid Cap ETF | Multifactor Small Cap ETF | |||
| Six
months ended 10-31-23 (unaudited) |
Year
ended 4-30-23 |
Six
months ended 10-31-23 (unaudited) |
Year
ended 4-30-23 | |
| Increase (decrease) in net assets | ||||
| From operations | ||||
| Net investment income | $22,995,193 | $33,830,805 | $2,183,341 | $3,827,817 |
| Net realized gain | 42,026,685 | 10,409,634 | 10,891,227 | 154,396 |
| Change in net unrealized depreciation | (228,086,584) | (77,717,378) | (26,211,639) | (5,514,952) |
| Decrease in net assets resulting from operations | (163,064,706) | (33,476,939) | (13,137,071) | (1,532,739) |
| Distributions to shareholders | ||||
| From earnings | (15,783,040) | (30,114,715) | (1,517,724) | (3,723,992) |
| From fund share transactions | ||||
| Shares issued | 375,341,659 | 860,188,790 | 61,572,209 | 82,315,085 |
| Shares repurchased | (172,898,337) | (246,351,415) | (65,259,290) | (113,906,004) |
| Total from fund share transactions | 202,443,322 | 613,837,375 | (3,687,081) | (31,590,919) |
| Total increase (decrease) | 23,595,576 | 550,245,721 | (18,341,876) | (36,847,650) |
| Net assets | ||||
| Beginning of period | 2,960,848,282 | 2,410,602,561 | 339,837,182 | 376,684,832 |
| End of period | $2,984,443,858 | $2,960,848,282 | $321,495,306 | $339,837,182 |
| Share activity | ||||
| Shares outstanding | ||||
| Beginning of period | 62,300,000 | 49,450,000 | 10,750,000 | 11,775,000 |
| Shares issued | 7,825,000 | 18,050,000 | 1,875,000 | 2,625,000 |
| Shares repurchased | (3,600,000) | (5,200,000) | (1,975,000) | (3,650,000) |
| End of period | 66,525,000 | 62,300,000 | 10,650,000 | 10,750,000 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 55 |
| Period ended | 10-31-231 | 4-30-23 | 4-30-22 | 4-30-21 | 4-30-20 | 4-30-19 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $31.40 | $29.98 | $33.43 | $24.33 | $28.75 | $30.68 |
| Net investment income2 | 0.45 | 0.92 | 0.97 | 0.70 | 0.73 | 0.91 |
| Net realized and unrealized gain (loss) on investments | (2.49) | 1.30 | (3.34) | 8.99 | (4.21) | (2.31) |
| Total from investment operations | (2.04) | 2.22 | (2.37) | 9.69 | (3.48) | (1.40) |
| Less distributions | ||||||
| From net investment income | (0.67) | (0.80) | (1.08) | (0.59) | (0.94) | (0.53) |
| Net asset value, end of period | $28.69 | $31.40 | $29.98 | $33.43 | $24.33 | $28.75 |
| Total return (%)3 | (6.64)4 | 7.79 | (7.45) | 40.26 | (12.57) | (4.54) |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $471 | $487 | $483 | $485 | $433 | $512 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.435 | 0.43 | 0.42 | 0.43 | 0.52 | 0.55 |
| Expenses including reductions | 0.395 | 0.39 | 0.39 | 0.39 | 0.45 | 0.45 |
| Net investment income | 2.915 | 3.26 | 2.92 | 2.43 | 2.46 | 3.28 |
| Portfolio turnover (%)6 | 9 | 12 | 10 | 8 | 10 | 17 |
| 1 | Six months ended 10-31-23. Unaudited. |
| 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 | 10-31-231 | 4-30-23 | 4-30-22 | 4-30-21 | 4-30-20 | 4-30-192 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $24.25 | $26.33 | $31.19 | $21.61 | $25.87 | $25.00 |
| Net investment income3 | 0.42 | 0.79 | 0.72 | 0.50 | 0.66 | 0.14 |
| Net realized and unrealized gain (loss) on investments | (1.28) | (2.21) | (4.79) | 9.57 | (4.29) | 0.78 |
| Total from investment operations | (0.86) | (1.42) | (4.07) | 10.07 | (3.63) | 0.92 |
| Less distributions | ||||||
| From net investment income | (0.34) | (0.66) | (0.79) | (0.49) | (0.63) | (0.05) |
| Net asset value, end of period | $23.05 | $24.25 | $26.33 | $31.19 | $21.61 | $25.87 |
| Total return (%)4 | (3.67)5 | (5.32) | (13.33) | 46.99 | (14.44) | 3.715 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $615 | $703 | $661 | $736 | $685 | $818 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.576 | 0.58 | 0.56 | 0.55 | 0.67 | 0.716 |
| Expenses including reductions | 0.496 | 0.49 | 0.49 | 0.49 | 0.55 | 0.556 |
| Net investment income | 3.396 | 3.28 | 2.43 | 1.89 | 2.69 | 0.976 |
| Portfolio turnover (%)7 | 7 | 10 | 12 | 25 | 22 | 3 |
| 1 | Six months ended 10-31-23. Unaudited. |
| 2 | Period from 9-27-18 (commencement of operations) to 4-30-19. |
| 3 | Based on average daily shares outstanding. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| 56 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
| Period ended | 10-31-231 | 4-30-23 | 4-30-22 | 4-30-21 | 4-30-20 | 4-30-19 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $52.26 | $52.21 | $53.37 | $36.16 | $37.97 | $34.52 |
| Net investment income2 | 0.41 | 0.76 | 0.63 | 0.66 | 0.73 | 0.70 |
| Net realized and unrealized gain (loss) on investments | (0.73) | 0.013 | (1.15) | 17.30 | (1.83) | 3.25 |
| Total from investment operations | (0.32) | 0.77 | (0.52) | 17.96 | (1.10) | 3.95 |
| Less distributions | ||||||
| From net investment income | (0.35) | (0.72) | (0.64) | (0.75) | (0.71) | (0.50) |
| Net asset value, end of period | $51.59 | $52.26 | $52.21 | $53.37 | $36.16 | $37.97 |
| Total return (%)4 | (0.64)5 | 1.57 | (1.06) | 50.22 | (3.04) | 11.74 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $672 | $719 | $782 | $706 | $789 | $922 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.326 | 0.32 | 0.32 | 0.31 | 0.34 | 0.35 |
| Expenses including reductions | 0.296 | 0.29 | 0.29 | 0.29 | 0.33 | 0.34 |
| Net investment income | 1.516 | 1.51 | 1.12 | 1.50 | 1.92 | 1.96 |
| Portfolio turnover (%)7 | 3 | 5 | 4 | 7 | 6 | 6 |
| 1 | Six months ended 10-31-23. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| Period ended | 10-31-231 | 4-30-23 | 4-30-22 | 4-30-21 | 4-30-20 | 4-30-19 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $47.53 | $48.75 | $51.54 | $32.39 | $36.60 | $34.04 |
| Net investment income2 | 0.36 | 0.60 | 0.44 | 0.39 | 0.48 | 0.53 |
| Net realized and unrealized gain (loss) on investments | (2.78) | (1.28) | (2.83) | 19.23 | (4.29) | 2.44 |
| Total from investment operations | (2.42) | (0.68) | (2.39) | 19.62 | (3.81) | 2.97 |
| Less distributions | ||||||
| From net investment income | (0.25) | (0.54) | (0.40) | (0.47) | (0.40) | (0.41) |
| Net asset value, end of period | $44.86 | $47.53 | $48.75 | $51.54 | $32.39 | $36.60 |
| Total return (%)3 | (5.13)4 | (1.37) | (4.72) | 61.03 | (10.56) | 8.98 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $2,984 | $2,961 | $2,411 | $2,163 | $1,331 | $1,030 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.425 | 0.42 | 0.42 | 0.42 | 0.43 | 0.45 |
| Expenses including reductions | 0.415 | 0.42 | 0.41 | 0.41 | 0.42 | 0.44 |
| Net investment income | 1.475 | 1.28 | 0.84 | 0.96 | 1.33 | 1.53 |
| Portfolio turnover (%)6 | 8 | 14 | 10 | 20 | 11 | 13 |
| 1 | Six months ended 10-31-23. Unaudited. |
| 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 | SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 57 |
| Period ended | 10-31-231 | 4-30-23 | 4-30-22 | 4-30-21 | 4-30-20 | 4-30-19 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $31.61 | $31.99 | $35.30 | $21.77 | $26.89 | $25.69 |
| Net investment income2 | 0.20 | 0.35 | 0.31 | 0.36 | 0.33 | 0.29 |
| Net realized and unrealized gain (loss) on investments | (1.48) | (0.38) | (3.23) | 13.51 | (5.13) | 1.16 |
| Total from investment operations | (1.28) | (0.03) | (2.92) | 13.87 | (4.80) | 1.45 |
| Less distributions | ||||||
| From net investment income | (0.14) | (0.35) | (0.39) | (0.34) | (0.32) | (0.25) |
| Net asset value, end of period | $30.19 | $31.61 | $31.99 | $35.30 | $21.77 | $26.89 |
| Total return (%)3 | (4.10)4 | (0.06) | (8.39) | 64.17 | (18.07) | 5.71 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $321 | $340 | $377 | $426 | $463 | $439 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.475 | 0.47 | 0.45 | 0.45 | 0.55 | 0.60 |
| Expenses including reductions | 0.425 | 0.42 | 0.42 | 0.42 | 0.49 | 0.50 |
| Net investment income | 1.245 | 1.12 | 0.90 | 1.31 | 1.30 | 1.13 |
| Portfolio turnover (%)6 | 28 | 44 | 40 | 56 | 36 | 33 |
| 1 | Six months ended 10-31-23. Unaudited. |
| 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. |
| 58 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
| Fund | Index |
| Multifactor Developed International ETF | John Hancock Dimensional Developed International Index |
| Multifactor Emerging Markets ETF | John Hancock Dimensional Emerging Markets Index |
| Multifactor Large Cap ETF | John Hancock Dimensional Large Cap Index |
| Multifactor Mid Cap ETF | John Hancock Dimensional Mid Cap Index |
| Multifactor Small Cap ETF | John Hancock Dimensional Small Cap Index |
| Total value at 10-31-23 |
Level
1 quoted price |
Level
2 significant observable inputs |
Level
3 significant unobservable inputs | |
| Multifactor Developed International ETF | ||||
| Investments in securities: |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 59 |
| Total value at 10-31-23 |
Level
1 quoted price |
Level
2 significant observable inputs |
Level
3 significant unobservable inputs | |
| Multifactor Developed International ETF (continued) | ||||
| Assets | ||||
| Common stocks | ||||
| Australia | $32,475,057 | $32,475,057 | — | — |
| Austria | 907,691 | 907,691 | — | — |
| Belgium | 4,889,746 | 4,889,746 | — | — |
| Chile | 256,581 | 256,581 | — | — |
| Denmark | 14,797,771 | 14,797,771 | — | — |
| Finland | 6,113,654 | 6,113,654 | — | — |
| France | 57,705,550 | 57,705,550 | — | — |
| Germany | 34,325,307 | 34,325,307 | — | — |
| Hong Kong | 8,723,191 | 8,723,191 | — | — |
| Ireland | 3,459,687 | 3,459,687 | — | — |
| Israel | 1,708,454 | 1,708,454 | — | — |
| Italy | 10,988,626 | 10,988,626 | — | — |
| Japan | 112,950,718 | 112,950,718 | — | — |
| Luxembourg | 1,076,712 | 1,076,712 | — | — |
| Macau | 83,736 | 83,736 | — | — |
| Netherlands | 19,006,395 | 19,006,395 | — | — |
| New Zealand | 1,050,743 | 1,050,743 | — | — |
| Norway | 2,784,239 | 2,784,239 | — | — |
| Portugal | 1,213,502 | 1,213,502 | — | — |
| Singapore | 7,292,042 | 7,292,042 | — | — |
| Spain | 14,891,731 | 14,891,731 | — | — |
| Sweden | 12,770,537 | 12,770,537 | — | — |
| Switzerland | 45,318,363 | 45,318,363 | — | — |
| United Arab Emirates | 1 | — | $1 | — |
| United Kingdom | 68,615,676 | 68,615,676 | — | — |
| United States | 313,662 | 313,662 | — | — |
| Preferred securities | 2,926,857 | 2,926,857 | — | — |
| Rights | — | — | — | — |
| Short-term investments | 1,282,555 | 1,282,555 | — | — |
| Total investments in securities | $467,928,784 | $467,928,783 | $1 | — |
| Level 3 includes securities valued at $0. Refer to Funds’ investments. | ||||
| Multifactor Emerging Markets ETF | ||||
| Investments in securities: | ||||
| Assets | ||||
| Common stocks | ||||
| Brazil | $25,639,024 | $25,639,024 | — | — |
| Chile | 2,477,553 | 2,477,553 | — | — |
| China | 143,676,522 | 143,676,522 | — | — |
| Hong Kong | 5,340,244 | 5,340,244 | — | — |
| India | 127,708,544 | 127,708,544 | — | — |
| Indonesia | 14,397,869 | 14,397,869 | — | — |
| Ireland | 3,507,408 | 3,507,408 | — | — |
| Malaysia | 11,616,781 | 11,616,781 | — | — |
| Mexico | 16,960,067 | 16,960,067 | — | — |
| Netherlands | 330,230 | 330,230 | — | — |
| Philippines | 6,156,713 | 6,156,713 | — | — |
| Poland | 6,391,647 | 6,391,647 | — | — |
| Russia | 350,526 | — | — | $350,526 |
| Saudi Arabia | 22,627,433 | 22,627,433 | — | — |
| South Africa | 20,678,981 | 20,678,981 | — | — |
| South Korea | 75,657,047 | 75,657,047 | — | — |
| 60 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| Total value at 10-31-23 |
Level
1 quoted price |
Level
2 significant observable inputs |
Level
3 significant unobservable inputs | |
| Multifactor Emerging Markets ETF (continued) | ||||
| Taiwan | $103,526,070 | $103,526,070 | — | — |
| Thailand | 12,842,025 | 12,842,025 | — | — |
| Turkey | 3,962,049 | 3,962,049 | — | — |
| United Kingdom | 37,272 | 37,272 | — | — |
| United States | 1,056,001 | 1,056,001 | — | — |
| Preferred securities | 11,629,275 | 11,629,275 | — | — |
| Rights | 1,249 | 135 | $1,114 | — |
| Short-term investments | 2,990,552 | 2,990,552 | — | — |
| Total investments in securities | $619,561,082 | $619,209,442 | $1,114 | $350,526 |
| Multifactor Large Cap ETF | ||||
| Investments in securities: | ||||
| Assets | ||||
| Common stocks | ||||
| Communication services | $45,173,182 | $45,173,182 | — | — |
| Consumer discretionary | 67,790,430 | 67,790,430 | — | — |
| Consumer staples | 43,229,413 | 43,229,413 | — | — |
| Energy | 34,580,385 | 34,580,385 | — | — |
| Financials | 94,590,458 | 94,590,458 | — | — |
| Health care | 84,475,689 | 84,457,531 | — | $18,158 |
| Industrials | 79,340,592 | 79,340,592 | — | — |
| Information technology | 149,693,824 | 149,693,824 | — | — |
| Materials | 27,020,852 | 27,020,852 | — | — |
| Real estate | 19,183,087 | 19,183,087 | — | — |
| Utilities | 26,064,244 | 26,064,244 | — | — |
| Short-term investments | 833,009 | 833,009 | — | — |
| Total investments in securities | $671,975,165 | $671,957,007 | — | $18,158 |
| Level 3 includes securities valued at $0. Refer to Funds’ investments. | ||||
| Multifactor Mid Cap ETF | ||||
| Investments in securities: | ||||
| Assets | ||||
| Common stocks | ||||
| Communication services | $89,493,572 | $89,493,572 | — | — |
| Consumer discretionary | 361,241,311 | 361,241,311 | — | — |
| Consumer staples | 135,556,210 | 135,556,210 | — | — |
| Energy | 174,713,660 | 174,713,660 | — | — |
| Financials | 417,016,980 | 417,016,980 | — | — |
| Health care | 309,850,475 | 309,566,133 | — | $284,342 |
| Industrials | 574,849,537 | 574,849,537 | — | — |
| Information technology | 403,306,728 | 403,306,728 | — | — |
| Materials | 189,308,719 | 189,308,719 | — | — |
| Real estate | 157,806,066 | 157,806,066 | — | — |
| Utilities | 167,128,593 | 167,128,593 | — | — |
| Short-term investments | 5,901,973 | 5,901,973 | — | — |
| Total investments in securities | $2,986,173,824 | $2,985,889,482 | — | $284,342 |
| Level 3 includes securities valued at $0. Refer to Funds’ investments. | ||||
| Multifactor Small Cap ETF | ||||
| Investments in securities: | ||||
| Assets | ||||
| Common stocks | $321,037,240 | $321,037,240 | — | — |
| Short-term investments | 524,924 | 524,924 | — | — |
| Total investments in securities | $321,562,164 | $321,562,164 | — | — |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 61 |
| Fund | Market value of securities on loan | Cash collateral received | Non-cash collateral |
| Multifactor Developed International ETF | $4,724,503 | $742,796 | $4,329,002 |
| Multifactor Emerging Markets ETF | 3,887,748 | 1,964,197 | 2,176,751 |
| Multifactor Large Cap ETF | 1,236,855 | 213,532 | 1,046,039 |
| Multifactor Mid Cap ETF | 18,759,181 | 2,130,792 | 16,889,486 |
| Multifactor Small Cap ETF | 2,460,673 | 15,662 | 2,478,006 |
| 62 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| Fund | Commitment fee |
| Multifactor Developed International ETF | $2,936 |
| Multifactor Emerging Markets ETF | 3,264 |
| Multifactor Large Cap ETF | 3,426 |
| Multifactor Mid Cap ETF | 7,779 |
| Multifactor Small Cap ETF | 2,706 |
| No Expiration Date | ||
| Fund | Short Term | Long Term |
| Multifactor Developed International ETF | $20,073,261 | $35,030,597 |
| Multifactor Emerging Markets ETF | 22,892,829 | 36,932,954 |
| Multifactor Large Cap ETF | 18,625,742 | 31,017,739 |
| Multifactor Mid Cap ETF | 113,117,852 | 46,709,259 |
| Multifactor Small Cap ETF | 68,951,848 | 32,614,968 |
| Fund | Aggregate cost |
Unrealized appreciation |
Unrealized (depreciation) |
Net
unrealized appreciation/ (depreciation) |
| Multifactor Developed International ETF | $462,033,433 | $45,498,259 | $(39,602,908) | $5,895,351 |
| Multifactor Emerging Markets ETF | 639,709,179 | 94,131,968 | (114,280,065) | (20,148,097) |
| Multifactor Large Cap ETF | 645,128,792 | 90,604,840 | (63,758,467) | 26,846,373 |
| Multifactor Mid Cap ETF | 2,984,188,175 | 308,123,467 | (306,137,818) | 1,985,649 |
| Multifactor Small Cap ETF | 329,259,735 | 22,488,137 | (30,185,708) | (7,697,571) |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 63 |
| Fund | Reason | USD Notional range |
| Multifactor Developed International ETF | The fund used futures contracts to meet the transactional needs of the portfolio and to equitize cash balances, if needed. As of October 31, 2023, there were no open futures contracts. | Up to $2.4 million, as measured during the period |
| Multifactor Emerging Markets ETF | The fund used futures contracts to meet the transactional needs of the portfolio and to equitize cash balances, if needed. As of October 31, 2023, there were no open futures contracts. | Up to $11.0 million, as measured during the period |
| Multifactor Large Cap ETF | The fund used futures contracts to meet the transactional needs of the portfolio and to equitize cash balances, if needed. As of October 31, 2023, there were no open futures contracts. | Up to $2.0 million, as measured during the period |
| Multifactor Mid Cap ETF | The fund used futures contracts to meet the transactional needs of the portfolio and to equitize cash balances, if needed. As of October 31, 2023, there were no open futures contracts. | Up to $10.1 million, as measured during the period |
| Multifactor Small Cap ETF | The fund used futures contracts to meet the transactional needs of the portfolio and to equitize cash balances, if needed. As of October 31, 2023, there were no open futures contracts. | Up to $2.0 million, as measured during the period |
| Statements of operations location - Net realized gain (loss) on: | ||
| Fund | Risk | Futures contracts |
| Multifactor Developed International ETF | Equity | $(11,926) |
| Multifactor Emerging Markets ETF | Equity | $20,286 |
| Multifactor Large Cap ETF | Equity | $6,212 |
| Multifactor Mid Cap ETF | Equity | $29,169 |
| 64 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| Statements of operations location - Net realized gain (loss) on: | ||
| Fund | Risk | Futures contracts |
| Multifactor Small Cap ETF | Equity | $(7,670) |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 65 |
| Purchases | Sales and maturities | |||
| Fund | In-kind transactions | Non in-kind transactions | In-kind transactions | Non in-kind transactions |
| Multifactor Developed International ETF | $53,995,401 | $43,007,753 | $27,124,418 | $43,872,495 |
| Multifactor Emerging Markets ETF | — | 47,065,872 | 25,259,840 | 75,145,664 |
| Multifactor Large Cap ETF | 77,991,360 | 25,275,864 | 116,141,282 | 24,996,231 |
| Multifactor Mid Cap ETF | 369,747,218 | 249,637,084 | 167,718,525 | 244,490,164 |
| Multifactor Small Cap ETF | 60,476,655 | 98,721,099 | 64,919,993 | 97,351,591 |
| Fund | Affiliated Fund | Affiliated Concentration |
| Multifactor Developed International ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 40.46% |
| John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 17.27% | |
| Other affiliated funds | 2.06% |
| 66 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| Fund | Affiliated Fund | Affiliated Concentration |
| Total | 59.79% | |
| Multifactor Emerging Markets ETF | John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 28.41% |
| John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 18.69% | |
| John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 18.12% | |
| John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 9.14% | |
| John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 8.94% | |
| Other affiliated funds | 5.46% | |
| Total | 88.76% | |
| Multifactor Mid Cap ETF | Total other affiliated funds | 6.39% |
| Multifactor Small Cap ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 32.48% |
| John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 14.96% | |
| Other affiliated funds | 3.87% | |
| Total | 51.31% |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount |
Beginning value |
Cost
of purchases |
Proceeds from shares sold |
Realized gain (loss) |
Change
in unrealized appreciation (depreciation) |
Income distributions received |
Capital
gain distributions received |
Ending value |
| Multifactor Developed International ETF | |||||||||
| John Hancock Collateral Trust* | 74,574 | $17,292,826 | $27,740,058 | $(44,286,750) | $(817) | $173 | $75,759 | — | $745,490 |
| Multifactor Emerging Markets ETF | |||||||||
| John Hancock Collateral Trust* | 196,506 | $323,200 | $7,231,726 | $(5,590,093) | $(407) | $(33) | $50,759 | — | $1,964,393 |
| Multifactor Large Cap ETF | |||||||||
| John Hancock Collateral Trust* | 21,367 | $188,958 | $2,408,487 | $(2,383,832) | $(17) | $(1) | $11,436 | — | $213,595 |
| Multifactor Mid Cap ETF | |||||||||
| John Hancock Collateral Trust* | 212,634 | $1,147,133 | $27,770,123 | $(26,791,339) | $(330) | $29 | $85,145 | — | $2,125,616 |
| Multifactor Small Cap ETF | |||||||||
| John Hancock Collateral Trust* | 1,447 | $619,623 | $12,833,105 | $(13,438,203) | $(108) | $49 | $18,735 | — | $14,466 |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 67 |
| 68 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 69 |
| 70 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 71 |
| Portfolio (subadvisor) | Performance of fund, as of 12.31.2022 |
Fees and expenses | Comments |
| Multifactor Developed International ETF (Dimensional Fund Advisors LP) | Benchmark Index – The fund outperformed for the one-year period and underperformed for the three- and five-year periods. Morningstar Category – The fund outperformed the peer group median for the one- and three-year periods and underperformed the peer group median for the five-year period. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are higher than the peer group median. Net total expenses for this fund are higher than the peer group median. | The Board took into account management’s discussion of the factors that contributed to the fund’s performance relative to the benchmark index for the three- and five-year periods and peer group median for the five-year period. The Board also noted the fund’s favorable performance relative to the benchmark index for the one-year period and peer group median for the one- and three-year periods. The Board took into account management’s discussion of the fund’s expenses. |
| Multifactor Emerging Markets ETF (Dimensional Fund Advisors LP) | Benchmark Index - The fund outperformed for the one- and three-year periods and for the period since September 30, 2018. Morningstar Category - The fund outperformed the peer group median for the one- and three-year periods and for the period since September 30, 2018. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Net total expenses for this fund are higher than the peer group median. | The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index and peer group median for the one- and three-year periods and for the period since September 30, 2018. The Board took into account management’s discussion of the fund’s expenses. |
| Multifactor Large Cap ETF (Dimensional Fund Advisors LP) | Benchmark Index – The fund outperformed for the one- and three- year periods and underperformed for the five-year period. Morningstar Category – The fund outperformed the peer group median for the one- and three-year periods and underperformed for the five-year period. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are equal to the peer group median. Net total expenses for this fund are equal to than the peer group median. | The Board took into account management’s discussion of the factors that contributed to the Fund’s performance relative to the benchmark index and relative to the peer group median for the five-year period. The Board also noted the fund’s favorable performance relative to the benchmark index and relative to the peer group median for the one- and three-year periods. The Board took into account management’s discussion of the fund’s expenses. |
| 72 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
| Portfolio (subadvisor) | Performance of fund, as of 12.31.2022 |
Fees and expenses | Comments |
| Multifactor Mid Cap ETF (Dimensional Fund Advisors LP) | Benchmark Index – The fund outperformed for the one-, three- and five-year periods. Morningstar Category – The fund outperformed the peer group median for the five-year period and underperformed for the one- and three-year periods. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are lower than the peer group median. Net total expenses for this fund are lower than the peer group median. | The Board took into account management’s discussion of the factors that contributed to the Fund’s performance relative to the peer group median for the one- and three-year periods, including the impact of past and current market conditions on the fund’s strategy and management’s plans for the fund. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index for the one-, three- and five-year periods and the peer group median for the five-year period. |
| Multifactor Small Cap ETF (Dimensional Fund Advisors LP) | Benchmark Index – The fund outperformed for the one-, three- and five-year periods. Morningstar Category – The fund outperformed the peer group median for the one-year period and underperformed the peer group median for the three- and five-year periods. | Subadvisor fee comparative data not provided due to limited size of Lipper peer group for this purpose. Net management fees for this fund are higher than the peer group median. Net total expenses for this fund are higher than the peer group median. | The Board took into account management’s discussion of the factors that contributed to the fund’s performance relative to the peer group median for the three- and five-year periods. The Board also noted the fund’s favorable performance relative to the benchmark index for the one-, three- and five-year periods and relative to the peer group median for the one-year period. The Board took into account management’s discussion of the fund’s expenses. |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 73 |
| You can also contact us: | |
| 800-225-6020 | Regular mail: |
| jhinvestments.com/etf | John Hancock Investment Management 200 Berkeley Street Boston, MA 02116 |
| 74 | JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT |
