Annual report
John Hancock
ETFs
Multifactor
April 30, 2022

A message to shareholders
Dear shareholder,
Although global equities performed quite well through mid-November, the major world indexes nonetheless finished the 12 months ended April 30, 2022, in negative territory. The initial gains reflected the backdrop of steady economic growth, robust corporate earnings, and supportive central bank policy that was in place throughout most of 2021. The picture changed in late November, however, as rising inflation prompted the U.S. Federal Reserve and other central banks to announce plans to tighten monetary policy. The conflict between Russia and Ukraine in February 2022 further weighed on sentiment by fueling fears that inflation could accelerate even more quickly than expected.
While stocks experienced a relief rally in the second half of March, the leading indexes gave back all of the gains in April and ultimately finished the month at or near their lows for the period. Growth stocks were especially poor performers, while the value style held up better due in part to the heavy representation of commodity-related companies in the category. Emerging-market equities were a notable laggard at the regional level, while the United States and Canada outperformed.
In these uncertain times, your financial professional can assist with positioning your portfolio so that it’s sufficiently diversified to help meet your long-term objectives and to withstand the inevitable bouts of market volatility 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 as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock
Multifactor ETFs
Table of contents
2 Multifactor exchange-traded funds (ETFs) at a glance
3 Management’s discussion of fund performance
8 Multifactor Consumer Discretionary ETF
9 Multifactor Consumer Staples ETF
10 Multifactor Developed International ETF
11 Multifactor Emerging Markets ETF
12 Multifactor Energy ETF
13 Multifactor Financials ETF
14 Multifactor Healthcare ETF
15 Multifactor Industrials ETF
16 Multifactor Large Cap ETF
17 Multifactor Materials ETF
18 Multifactor Media and Communications ETF
19 Multifactor Mid Cap ETF
20 Multifactor Small Cap ETF
21 Multifactor Technology ETF
22 Multifactor Utilities ETF
23 Your expenses
25 Fund’s investments
78 Financial statements
91 Financial highlights
99 Notes to financial statements
113 Report of independent registered public accounting firm
114 Tax information
115 Statement regarding liquidity risk management
116 Trustees and Officers
119 More information
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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.
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Discussion of fund performance
Could you tell us about your investment philosophy and how it drives the composition of the ETFs you manage?
We’ve 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 differences in 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 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.
Theoretical and empirical research suggests that investors can systematically pursue higher expected returns by targeting the size, relative price, and profitability dimensions in equity markets. We integrate these dimensions to emphasize stocks with smaller market capitalizations, lower relative prices, and higher profitability.
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, 2022?
The U.S. market had mixed returns for the period but outperformed both developed and emerging markets. Along the market capitalization dimension, U.S. small caps underperformed large caps, while mid caps outperformed small caps and underperformed large caps. Along the relative price dimension, U.S. large-cap value stocks outperformed large-cap growth stocks and U.S. small-cap value outperformed small-cap growth. Along the profitability dimension, stocks with higher profitability outperformed stocks with lower profitability among both large and small caps.
Most developed and emerging-market currencies depreciated relative to the U.S. dollar, and currency movements had a negative impact on the U.S. dollar-denominated returns of the respective markets.
JOHN HANCOCK MULTIFACTOR CONSUMER DISCRETIONARY ETF (JHMC)
On a NAV basis, the fund outperformed the Russell 1000 Consumer Discretionary Index, a cap-weighted benchmark used as a proxy for the consumer discretionary sector of the U.S. stock market. The fund’s emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as these stocks outperformed. The fund’s focus on the consumer discretionary sector also contributed positively to relative performance as stocks held by the index outside of the consumer discretionary sector underperformed.
Compared with its benchmark, the fund emphasizes 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
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included increased weights in Lululemon Athletica, Inc. and decreased weights in Amazon.com, Inc., O’Reilly Automotive, Inc. and Lowe’s Companies, Inc.
JOHN HANCOCK MULTIFACTOR CONSUMER STAPLES ETF (JHMS)
On a NAV basis, the fund underperformed the Russell 1000 Consumer Staples Index, a cap-weighted benchmark used 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 these stocks underperformed.
Compared with the benchmark, the fund emphasizes 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 beverages. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in General Mills, Inc. and The Kroger Company, and decreased weights in Walmart, Inc. and Archer-Daniels-Midland Company. We sold the fund’s position in Walmart prior to period end.
JOHN HANCOCK MULTIFACTOR DEVELOPED INTERNATIONAL ETF (JHMD)
On a NAV basis, the fund outperformed the MSCI EAFE Index, a cap-weighted benchmark used as a proxy for developed ex-U.S. stock markets. With low relative price (value) stocks outperforming high relative price (growth) stocks, the fund’s emphasis on value stocks contributed positively to relative performance. On a country basis, selection in Japan and Netherlands contributed positively to relative performance.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest sector exposures were to industrials, financials, and consumer discretionary. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in BT Group PLC and Veolia Environnement S.A., and decreased weights in Toyota Motor Corp. and AstraZeneca PLC.
JOHN HANCOCK MULTIFACTOR EMERGING MARKETS ETF (JHEM)
On a NAV basis, the fund outperformed the MSCI Emerging Markets Index, a cap-weighted benchmark used as a proxy for emerging markets. With low relative price (value) stocks outperforming high relative price (growth) stocks, the fund’s emphasis on value stocks contributed positively to relative performance. On a country basis, the fund’s underweight in China and Russia also contributed to relative performance, as both countries underperformed over the period.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest sector exposures were to financials, information technology, and materials. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included an increased weight in Reliance Industries, Ltd. and decreased weights in NetEase, Inc., Tencent Holdings, Ltd., and Taiwan Semiconductor Manufacturing Company, Ltd.
JOHN HANCOCK MULTIFACTOR ENERGY ETF (JHME)
On a NAV basis, the fund outperformed the Russell 1000 Energy Index, a cap-weighted benchmark used as a proxy for the energy sector of the U.S. stock market. The fund’s emphasis on stocks with higher profitability contributed positively to relative performance, as these stocks outperformed for the period. The fund’s focus on the energy sector also contributed positively to relative performance as stocks held by the index outside of the energy sector underperformed.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest industry exposures were to oil, gas, and consumable fuels and energy equipment and services. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Valero Energy Corp. and Baker Hughes Company, and decreased weights in EOG Resources, Inc. and Pioneer Natural Resources Company.
JOHN HANCOCK MULTIFACTOR FINANCIALS ETF (JHMF)
On a NAV basis, the fund underperformed the Russell 1000 Financials Index, a cap-weighted benchmark used as a proxy for the financials sector of the U.S. stock market. The fund holds financials sector companies involved in the IT services industry, which aren’t included in the benchmark. The fund’s inclusion of these companies detracted from relative performance, as those stocks generally underperformed other financials sector stocks.
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Compared with the benchmark, the fund emphasizes 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 included increased weights in S&P Global, Inc. and Visa, Inc., and decreased weights in Prudential Financial, Inc. and CME Group, Inc.
JOHN HANCOCK MULTIFACTOR HEALTHCARE ETF (JHMH)
On a NAV basis, the fund underperformed the Russell 1000 Health Care Index, a cap-weighted benchmark used as a proxy for the healthcare sector of the U.S. stock market. The fund’s emphasis on stocks with smaller market capitalizations detracted from relative performance, as these stocks underperformed.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest industry exposures were to healthcare providers and services, pharmaceuticals, and healthcare equipment and supplies. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Moderna, Inc., Vertex Pharmaceuticals, Inc., and Centene Corp., and a decreased weight in UnitedHealth Group, Inc. .
JOHN HANCOCK MULTIFACTOR INDUSTRIALS ETF (JHMI)
On a NAV basis, the fund outperformed the Russell 1000 Industrials Index, a cap-weighted benchmark used as a proxy for the industrials sector of the U.S. stock market. The fund’s emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as these stocks outperformed. The fund’s emphasis on stocks with higher profitability also contributed positively to relative performance, as these stocks outperformed for the period. Additionally, the fund’s focus on the industrials sector contributed positively to relative performance as stocks held by the index outside of the industrials sector underperformed.
Compared with the benchmark, the fund emphasizes stocks with lower relative price, smaller market capitalization, and higher profitability. In absolute terms, the fund’s largest industry exposures were to machinery and aerospace and defense. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition for the period included decreased weights in Trane Technologies PLC, Carrier Global Corp., Paychex, Inc., and Paccar, Inc.
JOHN HANCOCK MULTIFACTOR LARGE CAP ETF (JHML)
On a NAV basis, the fund outperformed the Russell 1000 Index, a cap-weighted benchmark used as a proxy for the broad large-cap U.S. stock market. The fund’s emphasis on stocks with higher profitability contributed positively to relative performance, as these stocks outperformed for the period.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest sector exposures were to information technology, healthcare, and financials. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Tesla, Inc., Advanced Micro Devices, Inc., and UnitedHealth Group, Inc., and a decreased weight in Amazon.com, Inc. 
JOHN HANCOCK MULTIFACTOR MATERIALS ETF (JHMA)
On a NAV basis, the fund underperformed the Russell 1000 Basic Materials Index, a cap-weighted benchmark used as a proxy for the materials sector of the U.S. stock market. The fund’s emphasis on stocks with higher profitability detracted from relative performance, as these stocks underperformed for the period.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest industry exposures were to chemicals and metals and mining. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Cleveland-Cliffs, Inc., The Mosaic Company, and CF Industries Holdings, Inc., and a decreased weight in PPG Industries, Inc.
JOHN HANCOCK MULTIFACTOR MEDIA AND COMMUNICATIONS ETF (JHCS)
On a NAV basis, the fund underperformed the Russell 1000 Telecommunications Index, a cap-weighted benchmark used as a proxy for the telecommunication sector of the U.S. stock market. The fund holds companies involved in the media, entertainment, interactive media and services, diversified telecommunication services, and wireless telecommunication services industries. The benchmark contains only companies in the diversified telecommunication services and the wireless telecommunication services industries. The
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fund’s greater exposure to securities outside of the telecommunication services industries detracted from relative performance, as those stocks generally underperformed relative to telecommunication services stocks.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest industry exposures were to media and entertainment. Notable changes in composition for the period include increased weights in Verizon Communications, Inc., Paramount Global, and T-Mobile US, Inc., and a decreased weight in Electronic Arts, Inc.
JOHN HANCOCK MULTIFACTOR MID CAP ETF (JHMM)
On a NAV basis, the fund outperformed the Russell Midcap Index, a cap-weighted benchmark used as a proxy for the broad mid-cap U.S. stock market. The fund’s emphasis on stocks with higher profitability contributed positively to relative performance, as these stocks outperformed. With low relative price (value) mid-cap stocks outperforming high relative price (growth) mid-cap stocks, the fund’s greater emphasis on value stocks also contributed positively to relative performance.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest sector exposures were to information technology, industrials, and financials. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Cleveland-Cliffs, Inc. and Occidental Petroleum Corp., and decreased weights in Palo Alto Networks, Inc. and Pioneer Natural Resources Company. We sold the fund’s positions in Palo Alto Networks and Pioneer Natural Resources 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 used as a proxy for the broad small-cap U.S. stock market. The fund’s lesser exposure to stocks with the lowest profitability and highest relative prices contributed positively to relative performance, as those stocks underperformed. Additionally, the fund’s lesser exposure to micro caps contributed positively to relative performance, as micro caps underperformed small caps for the period.
Compared with the benchmark, the fund emphasizes stocks with higher profitability. In absolute terms, the fund’s largest sector exposures were to industrials, financials, and information technology. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Shockwave Medical, Inc. and Euronet Worldwide, Inc., and decreased weights in Regal Rexnord Corp. and Tenet Healthcare Corp. We sold the fund’s positions in Regal Rexnord and Tenet Healthcare 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 used as a proxy for the information technology sector of the U.S. stock market. The fund’s greater emphasis on low relative price (value) stocks detracted from relative performance as these stocks underperformed. The fund’s greater emphasis on stocks with smaller market capitalizations also detracted from relative performance as these stocks underperformed. 
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, its largest industry exposures were to semiconductors and semiconductor equipment and software. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in NVIDIA Corp., Broadcom, Inc., Advanced Micro Devices, Inc., and Apple, Inc.
JOHN HANCOCK MULTIFACTOR UTILITIES ETF (JHMU)
On a NAV basis, the fund outperformed the Russell 1000 Utilities Index, a cap-weighted benchmark used as a proxy for the utilities sector of the U.S. stock market. The fund’s greater emphasis on low relative price (value) stocks contributed positively to relative performance as these stocks outperformed. The fund’s emphasis on stocks with higher profitability also contributed positively to relative performance, as these stocks outperformed.
Compared with the benchmark, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, the fund’s largest industry exposures were to electric utilities and multi-utilities. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Exelon Corp. and Consolidated Edison, Inc., and decreased weights in American Electric Power Company, Inc and Sempra Energy.
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Notes about risk
Each fund is subject to various risks as described in the fund’s prospectus. Political tensions and armed conflicts, including the Russian invasion of Ukraine, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a country into an economic recession. The COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors, or the markets, generally, and may ultimately affect fund performance. 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

Joel P. Schneider
Joseph F. Hohn
Andres Torres
The views expressed in this report are exclusively those of the portfolio management team at Dimensional Fund Advisors and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk. A price-to-book ratio is calculated by dividing the market price of a stock by its book value per share. A price-to-earnings ratio is calculated by dividing the market price of a stock by its earnings per share. Actual performance data provided for any MSCI IMI indexes in the market performance commentary are net dividends.
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Multifactor Consumer Discretionary ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value -11.87 11.38 10.79 71.45 96.48
Market price -11.91 11.32 10.79 70.98 96.47
John Hancock Dimensional Consumer Discretionary Index2 -11.54 11.84 11.27 74.96 102.12
Russell 1000 Consumer Discretionary Index3 -14.86 13.78 13.77 90.72 133.98
    
1 From 9-28-15.
2 The John Hancock Dimensional Consumer Discretionary Index is a rules-based index of U.S. consumer discretionary stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Consumer Discretionary Index comprises securities of the Russell 1000 Index classified in the consumer discretionary sector. Effective 9-21-20, the underlying components of the Russell 1000 Consumer Discretionary Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Specialty retail 25.8
Hotels, restaurants and leisure 21.7
Automobiles 10.1
Textiles, apparel and luxury goods 9.7
Multiline retail 8.5
Internet and direct marketing retail 7.6
Food and staples retailing 4.0
Leisure products 2.6
Household durables 2.5
Distributors 1.9
Other 5.6
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Consumer Discretionary ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Tesla, Inc. 6.4
The Home Depot, Inc. 5.2
Amazon.com, Inc. 5.2
Walmart, Inc. 4.0
Target Corp. 3.0
NIKE, Inc., Class B 2.7
McDonald’s Corp. 2.4
Lululemon Athletica, Inc. 2.3
The TJX Companies, Inc. 2.2
Dollar Tree, Inc. 2.2
TOTAL 35.6
The value of a $10,000 investment calculated at market value from inception through period end would be $19,647.
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.
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 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, 2022 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 (%) 0.71
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.
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Multifactor Consumer Staples ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value 13.01 10.21 9.57 62.57 74.54
Market price 13.01 10.21 9.57 62.56 74.56
John Hancock Dimensional Consumer Staples Index2 13.51 10.68 10.05 66.07 79.22
Russell 1000 Consumer Staples Index3 15.77 8.54 8.40 50.66 63.48
    
1 From 3-28-16.
2 The John Hancock Dimensional Consumer Staples Index is a rules-based index of U.S. consumer staples stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Consumer Staples Index comprises securities of the Russell 1000 Index classified in the consumer staples sector. Effective 9-21-20, the underlying components of the Russell 1000 Consumer Staples Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Food products 33.5
Beverages 20.4
Food and staples retailing 18.7
Household products 15.5
Tobacco 6.5
Chemicals 4.5
Household durables 0.8
Short-term investments and other 0.1
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Consumer Staples ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
PepsiCo, Inc. 6.1
The Coca-Cola Company 6.0
The Procter & Gamble Company 6.0
Costco Wholesale Corp. 5.9
The Kroger Company 5.0
General Mills, Inc. 4.7
Corteva, Inc. 4.1
Philip Morris International, Inc. 3.9
Tyson Foods, Inc., Class A 3.2
The Hershey Company 3.2
TOTAL 48.1
The value of a $10,000 investment calculated at market value from inception through period end would be $17,456.
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.
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 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, 2022 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.
  ANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS 9

Table of Contents
Multifactor Developed International ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value -7.45 4.61 5.91 25.29 36.18
Market price -8.12 4.22 5.70 22.94 34.69
John Hancock Dimensional Developed International Index2 -6.94 5.32 6.66 29.61 41.42
MSCI EAFE Index3 -8.15 4.77 6.17 26.25 37.95
    
1 From 12-15-16.
2 The John Hancock Dimensional Developed International Index is a rules-based index of large-cap stocks in developed markets outside of North America that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The MSCI Europe, Australasia, and Far East (EAFE) Index tracks the performance of publicly traded large- and mid-cap stocks of companies in those regions.
SECTOR COMPOSITION (% of net assets)
Industrials 17.4
Financials 16.3
Consumer discretionary 11.7
Materials 10.3
Health care 10.2
Consumer staples 9.0
Information technology 6.2
Communication services 5.8
Utilities 5.4
Energy 4.3
Real estate 2.3
Short-term investments and other 1.1
TOTAL 100.0
 
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Developed International ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Nestle SA 1.6
ASML Holding NV 1.1
Roche Holding AG 1.1
Shell PLC 1.0
Novartis AG 0.9
Toyota Motor Corp. 0.9
LVMH Moet Hennessy Louis Vuitton SE 0.8
Novo Nordisk A/S, B Shares 0.8
Cie de Saint-Gobain 0.8
TotalEnergies SE 0.7
TOTAL 9.7
The value of a $10,000 investment calculated at market value from inception through period end would be $13,469.
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.
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 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, 2022 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 (%) 0.43
Net (%) 0.39
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.
10 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT  

Table of Contents
Multifactor Emerging Markets ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year Since fund
inception1
Since fund
inception1
Net asset value -13.33 3.47 13.04
Market price -13.65 3.29 12.32
John Hancock Dimensional Emerging Markets Index2 -12.55 4.30 16.34
MSCI Emerging Markets Index3 -18.33 3.02 11.26
    
1 From 9-27-18.
2 The John Hancock Dimensional Emerging Markets Index is a rules-based index of large-cap stocks in emerging markets, which may include frontier markets (emerging markets in an earlier stage of development) that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The MSCI Emerging Markets (EM) Index tracks the performance of publicly traded large- and mid-cap emerging-market stocks.
SECTOR COMPOSITION (% of net assets)
Financials 24.6
Information technology 17.2
Materials 11.7
Consumer discretionary 10.8
Communication services 9.0
Consumer staples 6.9
Energy 6.0
Industrials 5.3
Health care 3.4
Utilities 3.3
Real estate 1.7
Short-term investments and other 0.1
TOTAL 100.0
 
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Emerging Markets ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Samsung Electronics Company, Ltd. 3.7
Taiwan Semiconductor Manufacturing Company, Ltd. 3.6
Tencent Holdings, Ltd. 3.2
Reliance Industries, Ltd. 1.6
Alibaba Group Holding, Ltd., ADR 1.3
HDFC Bank, Ltd. 1.1
China Construction Bank Corp., H Shares 1.1
Infosys, Ltd. 1.0
Vale SA 0.9
Ping An Insurance Group Company of China, Ltd., H Shares 0.9
TOTAL 18.4
The value of a $10,000 investment calculated at market value from inception through period end would be $11,232.
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.
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 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, 2022 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 (%) 0.55
Net (%) 0.49
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.
  ANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS 11

Table of Contents
Multifactor Energy ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value 64.77 5.51 6.27 30.73 44.84
Market price 64.95 5.50 6.29 30.68 45.03
John Hancock Dimensional Energy Index2 65.55 5.92 6.70 33.31 48.50
Russell 1000 Energy Index3 57.31 6.72 7.20 38.43 52.77
    
1 From 3-28-16.
2 The John Hancock Dimensional Energy Index is a rules-based index of U.S. energy stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Energy Index comprises securities of the Russell 1000 Index classified in the energy sector. Effective 9-21-20, the underlying components of the Russell 1000 Energy Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Oil, gas and consumable fuels 88.8
Energy equipment and services 11.0
Short-term investments and other 0.2
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Energy ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Valero Energy Corp. 6.1
Chevron Corp. 6.0
Exxon Mobil Corp. 6.0
Occidental Petroleum Corp. 5.8
ConocoPhillips 5.5
The Williams Companies, Inc. 4.5
EOG Resources, Inc. 4.2
Devon Energy Corp. 4.0
Marathon Oil Corp. 3.8
Kinder Morgan, Inc. 3.8
TOTAL 49.7
The value of a $10,000 investment calculated at market value from inception through period end would be $14,503.
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.
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 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, 2022 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) 1.18
Net (%) 0.40
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.
12 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT  

Table of Contents
Multifactor Financials ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value -5.92 10.03 11.62 61.29 106.36
Market price -5.94 10.04 11.62 61.31 106.36
John Hancock Dimensional Financials Index2 -5.55 10.50 12.11 64.78 112.42
Russell 1000 Financials Index3 -3.31 13.03 13.72 84.45 133.35
    
1 From 9-28-15.
2 The John Hancock Dimensional Financials Index is a rules-based index of U.S. financial stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Financials Index comprises securities of the Russell 1000 Index classified in the financials sector. Effective 9-21-20, the underlying components of the Russell 1000 Financials Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Banks 26.1
Insurance 25.5
Capital markets 21.5
IT services 12.2
Consumer finance 6.6
Diversified financial services 6.2
Professional services 1.6
Thrifts and mortgage finance 0.2
Short-term investments and other 0.1
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Financials ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Berkshire Hathaway, Inc., Class B 4.4
Visa, Inc., Class A 3.8
Mastercard, Inc., Class A 3.5
JPMorgan Chase & Co. 3.3
Bank of America Corp. 2.9
Wells Fargo & Company 2.5
The Travelers Companies, Inc. 2.1
The Allstate Corp. 1.8
The Goldman Sachs Group, Inc. 1.8
Marsh & McLennan Companies, Inc. 1.5
TOTAL 27.6
The value of a $10,000 investment calculated at market value from inception through period end would be $20,636.
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.
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 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, 2022 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 (%) 0.81
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.
  ANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS 13

Table of Contents
Multifactor Healthcare ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value 1.23 12.02 11.40 76.39 103.64
Market price 1.21 11.98 11.40 76.07 103.65
John Hancock Dimensional Healthcare Index2 1.61 12.50 11.89 80.22 109.59
Russell 1000 Health Care Index3 5.34 13.53 12.51 88.59 117.40
    
1 From 9-28-15.
2 The John Hancock Dimensional Healthcare Index is a rules-based index of U.S. healthcare stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Health Care Index comprises securities of the Russell 1000 Index classified in the healthcare sector. Effective 9-21-20, the underlying components of the Russell 1000 Health Care Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Health care providers and services 23.6
Pharmaceuticals 23.2
Health care equipment and supplies 19.5
Biotechnology 16.4
Life sciences tools and services 14.3
Health care technology 2.4
Diversified consumer services 0.6
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Healthcare ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Johnson & Johnson 6.7
UnitedHealth Group, Inc. 5.8
Pfizer, Inc. 3.9
Merck & Company, Inc. 3.2
AbbVie, Inc. 3.1
Eli Lilly & Company 3.0
Thermo Fisher Scientific, Inc. 3.0
Bristol-Myers Squibb Company 2.8
Abbott Laboratories 2.6
Danaher Corp. 2.1
TOTAL 36.2
The value of a $10,000 investment calculated at market value from inception through period end would be $20,365.
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.
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 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, 2022 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 (%) 0.67
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.
14 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT  

Table of Contents
Multifactor Industrials ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value -6.34 10.86 12.55 67.41 105.51
Market price -6.35 10.89 12.55 67.65 105.51
John Hancock Dimensional Industrials Index2 -6.21 11.28 13.00 70.62 110.58
Russell 1000 Industrials Index3 -11.29 8.31 10.34 49.04 82.13
    
1 From 3-28-16.
2 The John Hancock Dimensional Industrials Index is a rules-based index of U.S. industrial stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Industrials Index comprises securities of the Russell 1000 Index classified in the industrials sector. Effective 9-21-20, the underlying components of the Russell 1000 Industrials Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Machinery 20.4
Aerospace and defense 12.3
Road and rail 8.9
IT services 7.3
Electrical equipment 6.9
Building products 6.2
Commercial services and supplies 5.7
Air freight and logistics 4.8
Household durables 4.8
Professional services 4.7
Other 18.0
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Industrials ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Accenture PLC, Class A 2.8
Union Pacific Corp. 2.2
Raytheon Technologies Corp. 2.1
Caterpillar, Inc. 2.0
United Parcel Service, Inc., Class B 1.8
Honeywell International, Inc. 1.8
Deere & Company 1.8
CSX Corp. 1.8
Waste Management, Inc. 1.6
Norfolk Southern Corp. 1.6
TOTAL 19.5
The value of a $10,000 investment calculated at market value from inception through period end would be $20,551.
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.
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 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, 2022 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) 0.73
Net (%) 0.40
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.
  ANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS 15

Table of Contents
Multifactor Large Cap ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value -1.06 12.66 13.45 81.45 129.72
Market price -1.03 12.66 13.46 81.46 129.81
John Hancock Dimensional Large Cap Index2 -0.77 13.01 13.81 84.29 134.51
Russell 1000 Index3 -2.10 13.44 14.10 87.85 138.48
    
1 From 9-28-15.
2 The John Hancock Dimensional Large Cap Index is a rules-based index of large-cap U.S. stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Index tracks the performance of 1,000 publicly traded large-cap companies in the United States.
SECTOR COMPOSITION (% of net assets)
Information technology 23.0
Health care 13.4
Financials 12.9
Industrials 10.7
Consumer discretionary 10.7
Communication services 6.5
Consumer staples 6.3
Materials 4.4
Energy 4.3
Utilities 4.2
Real estate 3.5
Short-term investments and other 0.1
TOTAL 100.0
 
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Large Cap ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Apple, Inc. 4.0
Microsoft Corp. 3.9
Amazon.com, Inc. 2.0
Alphabet, Inc., Class A 1.7
Berkshire Hathaway, Inc., Class B 1.0
Johnson & Johnson 1.0
Meta Platforms, Inc., Class A 0.9
UnitedHealth Group, Inc. 0.9
Tesla, Inc. 0.8
The Procter & Gamble Company 0.7
TOTAL 16.9
The value of a $10,000 investment calculated at market value from inception through period end would be $22,981.
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.
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 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, 2022 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 (%) 0.31
Net (%) 0.29
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.
16 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT  

Table of Contents
Multifactor Materials ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value 5.19 11.31 13.23 70.87 113.26
Market price 5.09 11.24 13.22 70.31 113.06
John Hancock Dimensional Materials Index2 5.72 11.71 13.67 73.96 118.29
Russell 1000 Basic Materials Index3 8.80 12.62 14.00 81.19 122.20
    
1 From 3-28-16.
2 The John Hancock Dimensional Materials Index is a rules-based index of U.S. materials stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Basic Materials Index comprises securities of the Russell 1000 Index classified in the materials sector. Effective 9-21-20, the underlying components of the Russell 1000 Basic Materials Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Chemicals 49.5
Metals and mining 24.5
Containers and packaging 18.8
Construction materials 4.5
Building products 1.6
Construction and engineering 0.7
Machinery 0.4
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Materials ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Nucor Corp. 6.7
Linde PLC 5.3
LyondellBasell Industries NV, Class A 4.6
Dow, Inc. 4.1
Newmont Corp. 3.7
DuPont de Nemours, Inc. 3.7
The Sherwin-Williams Company 3.5
International Flavors & Fragrances, Inc. 3.3
Freeport-McMoRan, Inc. 3.3
PPG Industries, Inc. 3.1
TOTAL 41.3
The value of a $10,000 investment calculated at market value from inception through period end would be $21,306.
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.
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 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, 2022 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 (%) 0.92
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.
  ANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS 17

Table of Contents
Multifactor Media and Communications ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year Since fund
inception1
Since fund
inception1
Net asset value -27.19 4.32 14.18
Market price -27.33 4.32 14.17
John Hancock Dimensional Media and Communications Index2 -26.95 4.67 15.39
Russell 1000 Telecommunications Index3 -17.60 -0.48 -1.51
    
1 From 3-12-19.
2 The John Hancock Dimensional Media and Communications Index is a rules-based index of U.S. media and communication stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Telecommunications Index comprises securities of the Russell 1000 Index classified in the telecommunications sector. Effective 9-21-20, the underlying components of the Russell 1000 Telecommunications Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Media 30.1
Entertainment 27.5
Interactive media and services 18.1
Diversified telecommunication services 17.8
Wireless telecommunication services 4.1
Software 2.0
Real estate management and development 0.3
Short-term investments and other 0.1
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Media and Communications ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Verizon Communications, Inc. 6.2
Comcast Corp., Class A 6.1
AT&T, Inc. 5.7
The Walt Disney Company 5.4
Meta Platforms, Inc., Class A 4.6
T-Mobile US, Inc. 4.1
Activision Blizzard, Inc. 3.7
Electronic Arts, Inc. 3.6
Alphabet, Inc., Class A 3.2
Omnicom Group, Inc. 3.1
TOTAL 45.7
The value of a $10,000 investment calculated at market value from inception through period end would be $11,417.
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.
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 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, 2022 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 (%) 0.77
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.
18 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT  

Table of Contents
Multifactor Mid Cap ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value -4.72 10.89 11.81 67.67 108.69
Market price -4.67 10.90 11.82 67.73 108.79
John Hancock Dimensional Mid Cap Index2 -4.34 11.33 12.28 71.05 114.47
Russell Midcap Index3 -6.10 10.66 11.50 65.94 104.83
    
1 From 9-28-15.
2 The John Hancock Dimensional Mid Cap Index is a rules-based index of mid-cap U.S. stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell Midcap Index tracks the performance of approximately 800 publicly traded mid-cap companies in the United States.
SECTOR COMPOSITION (% of net assets)
Information technology 16.1
Industrials 15.5
Financials 13.7
Consumer discretionary 12.4
Health care 10.8
Materials 7.9
Real estate 6.4
Utilities 5.2
Energy 5.1
Consumer staples 3.7
Communication services 3.1
Short-term investments and other 0.1
TOTAL 100.0
 
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Mid Cap ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Nucor Corp. 0.6
Occidental Petroleum Corp. 0.5
Dollar Tree, Inc. 0.5
Parker-Hannifin Corp. 0.4
Republic Services, Inc. 0.4
United Rentals, Inc. 0.4
ON Semiconductor Corp. 0.4
Steel Dynamics, Inc. 0.4
Cerner Corp. 0.4
Laboratory Corp. of America Holdings 0.4
TOTAL 4.4
The value of a $10,000 investment calculated at market value from inception through period end would be $20,879.
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.
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 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, 2022 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 (%) 0.42
Net (%) 0.41
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.
  ANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS 19

Table of Contents
Multifactor Small Cap ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year Since fund
inception1
Since fund
inception1
Net asset value -8.39 6.73 33.86
Market price -8.36 6.73 33.86
John Hancock Dimensional Small Cap Index2 -8.00 7.18 36.37
Russell 2000 Index3 -16.87 6.65 33.41
    
1 From 11-8-17.
2 The John Hancock Dimensional Small Cap Index is a rules-based index of small-cap U.S. stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 2000 Index tracks the performance of approximately 2,000 publicly traded small-cap companies in the United States.
SECTOR COMPOSITION (% of net assets)
Industrials 18.1
Financials 16.6
Information technology 14.3
Consumer discretionary 12.7
Health care 9.9
Real estate 9.4
Materials 5.5
Energy 4.1
Utilities 4.0
Consumer staples 2.9
Communication services 2.4
Short-term investments and other 0.1
TOTAL 100.0
 
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Small Cap ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
American Campus Communities, Inc. 0.6
Brixmor Property Group, Inc. 0.5
Popular, Inc. 0.5
Pure Storage, Inc., Class A 0.5
Nielsen Holdings PLC 0.5
Ashland Global Holdings, Inc. 0.5
Nexstar Media Group, Inc., Class A 0.4
Skechers USA, Inc., Class A 0.4
Murphy USA, Inc. 0.4
KBR, Inc. 0.4
TOTAL 4.7
The value of a $10,000 investment calculated at market value from inception through period end would be $13,386.
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.
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 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, 2022 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Gross (%) 0.45
Net (%) 0.42
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.
20 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT  

Table of Contents
Multifactor Technology ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value -6.23 18.72 20.25 135.89 237.08
Market price -6.25 18.70 20.24 135.68 236.86
John Hancock Dimensional Technology Index2 -5.67 19.19 20.72 140.53 245.83
Russell 1000 Technology Index3 -2.19 22.40 23.05 174.71 292.26
    
1 From 9-28-15.
2 The John Hancock Dimensional Technology Index is a rules-based index of U.S. technology stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Technology Index comprises securities of the Russell 1000 Index classified in the technology sector. Effective 9-21-20, the underlying components of the Russell 1000 Technology Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Semiconductors and semiconductor equipment 33.0
Software 31.5
Technology hardware, storage and peripherals 11.3
IT services 8.2
Electronic equipment, instruments and components 7.5
Communications equipment 5.8
Industrial conglomerates 0.8
Electrical equipment 0.7
Professional services 0.5
Interactive media and services 0.4
Other 0.3
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Technology ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Apple, Inc. 6.5
Microsoft Corp. 6.3
NVIDIA Corp. 4.2
Broadcom, Inc. 3.5
Cisco Systems, Inc. 2.6
Texas Instruments, Inc. 2.6
Intel Corp. 2.5
Qualcomm, Inc. 2.2
IBM Corp. 2.2
Adobe, Inc. 2.0
TOTAL 34.6
The value of a $10,000 investment calculated at market value from inception through period end would be $33,686.
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.
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 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, 2022 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 (%) 0.67
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.
  ANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS 21

Table of Contents
Multifactor Utilities ETF
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2022 (%)

Average annual total returns (%) Cumulative total returns (%)
  1-Year 5-Year Since fund
inception1
5-year Since fund
inception1
Net asset value 12.15 9.09 9.12 54.51 70.20
Market price 12.15 9.09 9.12 54.52 70.23
John Hancock Dimensional Utilities Index2 12.53 9.54 9.60 57.72 74.82
Russell 1000 Utilities Index3 9.99 9.35 8.75 56.38 66.69
    
1 From 3-28-16.
2 The John Hancock Dimensional Utilities Index is a rules-based index of U.S. utility stocks that have been selected based on sources of expected returns. Securities eligible for inclusion in the index are classified according to their market capitalization, as defined by free-float market cap; relative price, as defined by price/book; and profitability, as defined by operating income over book, and are weighted accordingly in favor of smaller, less expensive, more profitable companies. The index is reconstituted and rebalanced on a semiannual basis. Index performance assumes reinvestment of dividends and, unless otherwise indicated, does not reflect the management fees, operating expenses, transaction costs, and other expenses that apply to an ETF.
3 The Russell 1000 Utilities Index comprises securities of the Russell 1000 Index classified in the utility sector. Effective 9-21-20, the underlying components of the Russell 1000 Utilities Index reflect a new company classification methodology. Consequently, the custom blended benchmark’s performance consists of 100% of the prior methodology through 9-18-20 and 100% of the current methodology thereafter.
INDUSTRY COMPOSITION (% of net assets)
Electric utilities 55.9
Multi-utilities 32.7
Gas utilities 4.1
Water utilities 3.7
Independent power and renewable electricity producers 3.5
Short-term investments and other 0.1
TOTAL 100.0
GROWTH OF $10,000

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multifactor Utilities ETF for the periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in two separate indexes.
TOP TEN HOLDINGS4 (% of net assets)
Exelon Corp. 6.2
Xcel Energy, Inc. 5.7
Duke Energy Corp. 5.3
Consolidated Edison, Inc. 5.2
The Southern Company 4.3
Entergy Corp. 4.2
Edison International 4.1
WEC Energy Group, Inc. 3.8
Public Service Enterprise Group, Inc. 3.7
Eversource Energy 3.6
TOTAL 46.1
The value of a $10,000 investment calculated at market value from inception through period end would be $17,023.
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.
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 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, 2022 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.
22 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT  

Table of Contents
Your expenses
These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other funds.
Understanding fund expenses
As a shareholder of a fund, you incur two types of costs:
Transaction costs, which may include creation and redemption fees and brokerage charges.
Ongoing operating expenses, including management fees, and other fund expenses.
We are presenting only your ongoing operating expenses here.
Actual expenses/actual returns
The first line of each fund in the following table is intended to provide information about a fund’s actual ongoing operating expenses, and is based on the fund’s actual NAV return. It assumes an account value of $1,000.00 on November 1, 2021, with the same investment held until April 30, 2022.
Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at April 30, 2022, by $1,000.00, then multiply it by the “expenses paid” from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:
Hypothetical example for comparison purposes
The second line of each fund in the following table allows you to compare a fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on the fund’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the fund’s actual return). It assumes an account value of $1,000.00 on November 1, 2021, with the same investment held until April 30, 2022. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Remember, these examples do not include any transaction costs. A fund charges a transaction fee per creation unit to those creating or redeeming creation units, and those buying or selling shares in the secondary market will incur customary brokerage commissions and charges. Therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.
SHAREHOLDER EXPENSE EXAMPLE CHART

  Account
value on
11-1-2021
Ending
value on
4-30-2022
Expenses
paid during
4-30-20221
Annualized
expense
ratio
Multifactor Consumer Discretionary ETF
Actual expenses/actual returns $1,000.00 $820.20 $1.81 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Consumer Staples ETF
Actual expenses/actual returns $1,000.00 $1,118.10 $2.10 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Developed International ETF
Actual expenses/actual returns $1,000.00 $892.70 $1.83 0.39%
Hypothetical example for comparison purposes 1,000.00 1,022.90 1.96 0.39%
Multifactor Emerging Markets ETF
Actual expenses/actual returns $1,000.00 $900.10 $2.31 0.49%
Hypothetical example for comparison purposes 1,000.00 1,022.40 2.46 0.49%
  ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS 23

Table of Contents
SHAREHOLDER EXPENSE EXAMPLE CHART  (continued)

  Account
value on
11-1-2021
Ending
value on
4-30-2022
Expenses
paid during
4-30-20221
Annualized
expense
ratio
Multifactor Energy ETF
Actual expenses/actual returns $1,000.00 $1,336.70 $2.32 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Financials ETF
Actual expenses/actual returns $1,000.00 $869.90 $1.85 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Healthcare ETF
Actual expenses/actual returns $1,000.00 $933.90 $1.92 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Industrials ETF
Actual expenses/actual returns $1,000.00 $883.80 $1.87 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Large Cap ETF
Actual expenses/actual returns $1,000.00 $907.90 $1.37 0.29%
Hypothetical example for comparison purposes 1,000.00 1,023.40 1.45 0.29%
Multifactor Materials ETF
Actual expenses/actual returns $1,000.00 $1,036.90 $2.02 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Media and Communications ETF
Actual expenses/actual returns $1,000.00 $749.20 $1.73 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 $894.90 $1.93 0.41%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.06 0.41%
Multifactor Small Cap ETF
Actual expenses/actual returns $1,000.00 $888.60 $1.97 0.42%
Hypothetical example for comparison purposes 1,000.00 1,022.70 2.11 0.42%
Multifactor Technology ETF
Actual expenses/actual returns $1,000.00 $809.80 $1.79 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
Multifactor Utilities ETF
Actual expenses/actual returns $1,000.00 $1,110.40 $2.09 0.40%
Hypothetical example for comparison purposes 1,000.00 1,022.80 2.01 0.40%
    
   
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).
24 JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL  

Table of Contents
Funds’ investments
MULTIFACTOR CONSUMER DISCRETIONARY ETF

As of 4-30-22
  Shares or
Principal
Amount
Value
COMMON STOCKS – 99.9%   $16,059,355
(Cost $17,685,532)    
Consumer discretionary – 91.0% 14,621,327
Auto components – 0.2%  
Fox Factory Holding Corp. (A) 415 33,980
Automobiles – 10.1%  
Ford Motor Company 16,292 230,695
General Motors Company (A) 6,542 248,007
Harley-Davidson, Inc. 1,677 61,127
Rivian Automotive, Inc., Class A (A) 370 11,189
Tesla, Inc. (A) 1,180 1,027,494
Thor Industries, Inc. 520 39,806
Distributors – 1.9%  
Genuine Parts Company 1,424 185,191
LKQ Corp. 2,291 113,702
Diversified consumer services – 0.4%  
Bright Horizons Family Solutions, Inc. (A) 594 67,859
Hotels, restaurants and leisure – 21.7%  
Airbnb, Inc., Class A (A) 586 89,781
Booking Holdings, Inc. (A) 79 174,614
Boyd Gaming Corp. 1,136 68,819
Caesars Entertainment, Inc. (A) 1,617 107,175
Carnival Corp. (A) 6,470 111,931
Chipotle Mexican Grill, Inc. (A) 109 158,661
Choice Hotels International, Inc. 290 40,733
Churchill Downs, Inc. 325 65,956
Darden Restaurants, Inc. 1,405 185,081
Domino’s Pizza, Inc. 260 87,880
DraftKings, Inc., Class A (A) 2,308 31,573
Expedia Group, Inc. (A) 865 151,159
Hilton Grand Vacations, Inc. (A) 636 29,784
Hilton Worldwide Holdings, Inc. (A) 1,780 276,416
Hyatt Hotels Corp., Class A (A) 388 36,844
Las Vegas Sands Corp. (A) 1,633 57,857
Light & Wonder, Inc. (A) 549 30,777
Marriott International, Inc., Class A (A) 1,177 208,941
Marriott Vacations Worldwide Corp. 335 50,026
McDonald’s Corp. 1,574 392,178
MGM Resorts International 3,220 132,149
Norwegian Cruise Line Holdings, Ltd. (A)(B) 2,814 56,364
Penn National Gaming, Inc. (A) 1,412 51,637
Planet Fitness, Inc., Class A (A) 629 50,339
Red Rock Resorts, Inc., Class A 450 19,782
Royal Caribbean Cruises, Ltd. (A) 1,703 132,374
SeaWorld Entertainment, Inc. (A) 348 23,469
Starbucks Corp. 2,514 187,645
Texas Roadhouse, Inc. 655 53,926
Vail Resorts, Inc. 343 87,177
Wyndham Hotels & Resorts, Inc. 877 77,141
Wynn Resorts, Ltd. (A) 655 46,164
MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)

  Shares or
Principal
Amount
Value
Consumer discretionary (continued)  
Hotels, restaurants and leisure (continued)  
Yum! Brands, Inc. 1,891 $221,266
Household durables – 2.5%  
Garmin, Ltd. 1,347 147,820
Helen of Troy, Ltd. (A) 243 52,126
Tempur Sealy International, Inc. 2,173 58,910
Whirlpool Corp. 776 140,860
Internet and direct marketing retail – 7.6%  
Amazon.com, Inc. (A) 333 827,715
Chewy, Inc., Class A (A)(B) 440 12,786
DoorDash, Inc., Class A (A) 466 37,946
eBay, Inc. 4,304 223,464
Etsy, Inc. (A) 946 88,158
Wayfair, Inc., Class A (A)(B) 344 26,467
Leisure products – 2.6%  
Brunswick Corp. 949 71,754
Hasbro, Inc. 1,176 103,559
Mattel, Inc. (A) 4,072 98,990
Peloton Interactive, Inc., Class A (A) 1,553 27,271
Polaris, Inc. 791 75,098
YETI Holdings, Inc. (A) 780 38,119
Multiline retail – 8.5%  
Dollar General Corp. 1,433 340,380
Dollar Tree, Inc. (A) 2,200 357,390
Kohl’s Corp. 1,695 98,107
Macy’s, Inc. 3,929 94,964
Target Corp. 2,075 474,449
Specialty retail – 25.8%  
Advance Auto Parts, Inc. 654 130,558
AutoNation, Inc. (A) 803 93,076
AutoZone, Inc. (A) 134 262,033
Bath & Body Works, Inc. 1,557 82,350
Best Buy Company, Inc. 3,191 286,967
Burlington Stores, Inc. (A) 481 97,912
CarMax, Inc. (A) 1,665 142,824
Carvana Company (A) 232 13,447
Dick’s Sporting Goods, Inc. (B) 792 76,365
Five Below, Inc. (A) 605 95,046
Floor & Decor Holdings, Inc., Class A (A) 954 76,053
GameStop Corp., Class A (A) 485 60,659
Lithia Motors, Inc. 276 78,144
Lowe’s Companies, Inc. 1,429 282,556
O’Reilly Automotive, Inc. (A) 227 137,687
Penske Automotive Group, Inc. 307 32,180
RH (A) 155 52,099
Ross Stores, Inc. 2,611 260,499
The Gap, Inc. 2,708 33,633
The Home Depot, Inc. 2,770 832,108
The TJX Companies, Inc. 5,847 358,304
Tractor Supply Company 1,309 263,698
SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS 25

Table of Contents
MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)

  Shares or
Principal
Amount
Value
Consumer discretionary (continued)  
Specialty retail (continued)  
Ulta Beauty, Inc. (A) 664 $263,475
Williams-Sonoma, Inc. 1,019 132,959
Textiles, apparel and luxury goods – 9.7%  
Capri Holdings, Ltd. (A) 1,356 64,681
Columbia Sportswear Company 342 28,099
Crocs, Inc. (A) 409 27,170
Deckers Outdoor Corp. (A) 306 81,320
Hanesbrands, Inc. 5,392 71,498
Levi Strauss & Company, Class A 1,137 20,591
Lululemon Athletica, Inc. (A) 1,055 374,135
NIKE, Inc., Class B 3,524 439,443
PVH Corp. 573 41,703
Ralph Lauren Corp. 465 48,518
Skechers USA, Inc., Class A (A) 1,224 46,879
Tapestry, Inc. 3,226 106,200
Under Armour, Inc., Class A (A) 1,602 24,607
Under Armour, Inc., Class C (A) 1,668 23,669
VF Corp. 3,215 167,180
Consumer staples – 5.1% 816,143
Food and staples retailing – 4.0%  
Walmart, Inc. 4,168 637,662
Personal products – 1.1%  
Coty, Inc., Class A (A) 2,667 21,629
The Estee Lauder Companies, Inc., Class A 594 156,852
Industrials – 3.8% 621,885
Building products – 1.3%  
Allegion PLC 972 111,041
Fortune Brands Home & Security, Inc. 1,436 102,315
Commercial services and supplies – 0.4%  
Rollins, Inc. 2,060 69,092
Road and rail – 1.7%  
Avis Budget Group, Inc. (A) 266 71,200
Lyft, Inc., Class A (A) 1,872 61,027
Uber Technologies, Inc. (A) 4,629 145,721
Trading companies and distributors – 0.4%  
SiteOne Landscape Supply, Inc. (A) 436 61,489
SHORT-TERM INVESTMENTS – 0.5%   $81,608
(Cost $81,609)    
Short-term funds – 0.5% 81,608
John Hancock Collateral Trust, 0.3773% (C)(D) 1,301 13,009
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.2918% (C) 68,599 68,599
Total investments (Multifactor Consumer Discretionary ETF) (Cost $17,767,141) 100.4% $16,140,963
Other assets and liabilities, net (0.4%)   (71,435)
Total net assets 100.0%   $16,069,528
    
MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)

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 4-30-22.
(C) The rate shown is the annualized seven-day yield as of 4-30-22.