A message to shareholders

Dear shareholder,

Equities delivered robust returns during the six months ended October 31, 2021. Although the outlook for economic growth, corporate earnings, and U.S. Federal Reserve policy became less favorable than it had been earlier in the year, investors continued to pour cash into stocks at a time of relatively limited return opportunities in the bond market. World monetary policy was also highly supportive, with most global central banks holding interest rates near zero and maintaining their stimulative quantitative easing programs even as the economy recovered.

As new variants of COVID-19 emerge, the markets get increasingly volatile and economic disruptions may occur. 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
4	Multifactor Consumer Discretionary ETF
5	Multifactor Consumer Staples ETF
6	Multifactor Developed International ETF
7	Multifactor Emerging Markets ETF
8	Multifactor Energy ETF
9	Multifactor Financials ETF
10	Multifactor Healthcare ETF
11	Multifactor Industrials ETF
12	Multifactor Large Cap ETF
13	Multifactor Materials ETF
14	Multifactor Media and Communications ETF
15	Multifactor Mid Cap ETF
16	Multifactor Small Cap ETF
17	Multifactor Technology ETF
18	Multifactor Utilities ETF
19	Your expenses
21	Fund’s investments
75	Financial statements
88	Financial highlights
96	Notes to financial statements
109	Evaluation of advisory and subadvisory agreements by the Board of Trustees
118	More information

SEMIANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS

1

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.

2

JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL REPORT

Notes about risk

Each fund is subject to various risks as described in the fund’s prospectus. The novel 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 or 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.

SEMIANNUAL REPORT  | JOHN HANCOCK MULTIFACTOR ETFS

3

Multifactor Consumer Discretionary ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	47.39	18.79	15.42	7.45	136.56	139.56
Market price	47.38	18.79	15.42	7.43	136.49	139.58
John Hancock Dimensional Consumer Discretionary Index2	48.03	19.30	15.92	7.67	141.62	146.01
Russell 1000 Consumer Discretionary Index3	40.03	22.97	19.59	8.22	181.16	197.39

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Specialty retail	27.8
Hotels, restaurants and leisure	20.3
Automobiles	11.9
Textiles, apparel and luxury goods	9.1
Internet and direct marketing retail	8.8
Multiline retail	6.5
Leisure products	3.0
Household durables	2.7
Commercial services and supplies	1.9
Road and rail	1.7
Other	6.3
TOTAL	100.0

Multifactor Consumer Staples ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	18.79	8.83	8.28	1.07	52.65	56.10
Market price	18.70	8.82	8.28	1.04	52.57	56.06
John Hancock Dimensional Consumer Staples Index2	19.31	9.30	8.75	1.28	55.96	59.91
Russell 1000 Consumer Staples Index3	19.62	7.09	6.83	2.50	40.81	44.74

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Food products	28.9
Food and staples retailing	25.2
Beverages	20.8
Household products	14.6
Tobacco	5.7
Chemicals	3.5
Household durables	0.8
Personal products	0.4
Short-term investments and other	0.1
TOTAL	100.0

Multifactor Developed International ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)			Cumulative total returns (%)
	1-Year	Since fund inception1	6-month	Since fund inception1
Net asset value	33.91	9.04	3.68	52.56
Market price	34.04	9.15	4.56	53.29
John Hancock Dimensional Developed International Index2	34.91	9.83	3.98	58.00
MSCI EAFE Index3	34.18	9.60	4.14	56.41

    

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	16.5
Consumer discretionary	13.1
Health care	10.1
Materials	10.0
Consumer staples	8.6
Information technology	7.1
Communication services	5.9
Utilities	4.1
Energy	3.5
Real estate	2.5
Short-term investments and other	1.2
TOTAL	100.0

Multifactor Emerging Markets ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)			Cumulative total returns (%)
	1-Year	Since fund inception1	6-month	Since fund inception1
Net asset value	22.47	7.64	-3.72	25.59
Market price	22.64	7.57	-3.64	25.34
John Hancock Dimensional Emerging Markets Index2	24.46	8.60	-2.96	29.10
MSCI Emerging Markets Index3	16.96	8.73	-4.87	29.60

    

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 total investments)
Financials	23.5
Information technology	17.9
Consumer discretionary	12.6
Materials	10.7
Communication services	9.1
Energy	6.7
Consumer staples	6.5
Industrials	4.7
Health care	3.8
Utilities	2.7
Real estate	1.8
TOTAL	100.0

Multifactor Energy ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	118.73	-0.33	1.44	23.27	-1.66	8.36
Market price	119.76	-0.33	1.45	23.26	-1.66	8.38
John Hancock Dimensional Energy Index2	119.75	0.06	1.85	23.54	0.28	10.81
Russell 1000 Energy Index3	109.45	1.36	2.99	21.42	6.97	17.92

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Oil, gas and consumable fuels	88.1
Energy equipment and services	11.7
Short-term investments and other	0.2
TOTAL	100.0

Multifactor Financials ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	62.81	17.21	15.23	8.15	121.20	137.22
Market price	62.98	17.21	15.23	8.14	121.19	137.25
John Hancock Dimensional Financials Index2	63.53	17.72	15.74	8.36	126.10	143.71
Russell 1000 Financials Index3	70.87	20.01	17.80	12.41	148.95	171.31

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Banks	27.2
Capital markets	23.9
Insurance	23.6
IT services	11.8
Consumer finance	6.5
Diversified financial services	4.8
Professional services	1.8
Thrifts and mortgage finance	0.2
Auto components	0.1
Short-term investments and other	0.1
TOTAL	100.0

Multifactor Healthcare ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	30.71	16.75	13.65	8.39	116.87	118.06
Market price	30.66	16.74	13.65	8.37	116.84	118.06
John Hancock Dimensional Healthcare Index2	31.24	17.27	14.15	8.60	121.75	123.99
Russell 1000 Health Care Index3	32.69	17.64	14.53	10.75	125.26	128.57

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Health care equipment and supplies	25.0
Health care providers and services	22.4
Pharmaceuticals	20.1
Biotechnology	15.6
Life sciences tools and services	13.6
Health care technology	2.7
Diversified consumer services	0.6
TOTAL	100.0

Multifactor Industrials ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	43.17	17.15	16.27	5.98	120.64	132.54
Market price	43.06	17.14	16.27	5.95	120.55	132.51
John Hancock Dimensional Industrials Index2	43.77	17.67	16.79	6.19	125.60	138.44
Russell 1000 Industrials Index3	36.99	14.56	13.82	0.52	97.32	106.38

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Machinery	20.8
Road and rail	10.0
Aerospace and defense	10.0
IT services	7.5
Electrical equipment	7.5
Building products	5.9
Household durables	5.0
Air freight and logistics	4.8
Professional services	4.8
Commercial services and supplies	4.7
Other	19.0
TOTAL	100.0

Multifactor Large Cap ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	43.00	17.84	16.46	8.98	127.20	153.04
Market price	42.87	17.83	16.46	8.98	127.17	153.05
John Hancock Dimensional Large Cap Index2	43.44	18.21	16.82	9.14	130.83	157.91
Russell 1000 Index3	43.51	19.16	17.62	10.37	140.28	168.84

    

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	24.5
Financials	13.3
Health care	12.8
Consumer discretionary	11.8
Industrials	11.1
Communication services	8.0
Consumer staples	5.2
Materials	3.8
Utilities	3.4
Real estate	3.2
Energy	2.8
Short-term investments and other	0.1
TOTAL	100.0

Multifactor Materials ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	38.35	13.98	13.75	1.46	92.34	105.68
Market price	38.31	13.97	13.75	1.46	92.31	105.69
John Hancock Dimensional Materials Index2	38.47	14.38	14.16	1.66	95.73	109.90
Russell 1000 Basic Materials Index3	39.26	14.60	14.16	2.78	97.64	109.89

    

1	From 3-28-16.
2	The John Hancock Dimensional Materials Index is a rules-based index of U.S. material 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 material 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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Chemicals	51.5
Containers and packaging	20.8
Metals and mining	18.5
Construction materials	5.9
Building products	1.9
Multi-utilities	0.9
Machinery	0.4
Paper and forest products	0.1
TOTAL	100.0

Multifactor Media and Communications ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)			Cumulative total returns (%)
	1-Year	Since fund inception1	6-month	Since fund inception1
Net asset value	28.18	17.29	-2.83	52.39
Market price	28.06	17.29	-3.00	52.39
John Hancock Dimensional Media and Communications Index2	28.70	17.70	-2.65	53.78
Russell 1000 Telecommunications Index3	18.94	5.40	-3.87	14.90

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Media	30.7
Entertainment	27.5
Interactive media and services	22.0
Diversified telecommunication services	13.2
Wireless telecommunication services	4.0
Professional services	1.7
Software	0.9
TOTAL	100.0

Multifactor Mid Cap ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	45.29	16.47	14.91	6.48	114.35	133.21
Market price	45.20	16.46	14.91	6.50	114.19	133.25
John Hancock Dimensional Mid Cap Index2	45.92	16.94	15.39	6.69	118.72	139.19
Russell Midcap Index3	45.40	16.47	14.99	7.37	114.30	134.20

    

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	18.5
Industrials	16.0
Consumer discretionary	13.6
Financials	13.5
Health care	12.3
Materials	6.4
Real estate	5.8
Utilities	4.3
Energy	3.4
Communication services	3.1
Consumer staples	3.1
TOTAL	100.0

Multifactor Small Cap ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)			Cumulative total returns (%)
	1-Year	Since fund inception1	6-month	Since fund inception1
Net asset value	46.72	10.84	3.09	50.64
Market price	46.59	10.84	3.13	50.64
John Hancock Dimensional Small Cap Index2	47.40	11.30	3.32	53.15
Russell 2000 Index3	50.80	13.14	1.85	63.45

    

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	17.7
Financials	16.6
Consumer discretionary	14.9
Information technology	14.5
Health care	10.2
Real estate	8.2
Materials	5.8
Utilities	3.7
Energy	3.1
Consumer staples	3.0
Communication services	2.2
Short-term investments and other	0.1
TOTAL	100.0

Multifactor Technology ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	52.61	27.86	26.37	15.81	241.67	316.28
Market price	52.56	27.85	26.38	15.87	241.59	316.35
John Hancock Dimensional Technology Index2	53.27	28.29	26.83	16.05	247.57	325.45
Russell 1000 Technology Index3	51.17	31.44	29.22	18.92	292.32	376.92

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Software	36.5
Semiconductors and semiconductor equipment	31.1
Technology hardware, storage and peripherals	9.6
IT services	8.7
Electronic equipment, instruments and components	7.8
Communications equipment	5.1
Electrical equipment	0.8
Interactive media and services	0.3
Short-term investments and other	0.1
TOTAL	100.0

Multifactor Utilities ETF

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2021 (%)

Average annual total returns (%)				Cumulative total returns (%)
	1-Year	5-Year	Since fund inception1	6-month	5-year	Since fund inception1
Net asset value	11.16	8.31	7.93	1.00	49.07	53.28
Market price	11.17	8.31	7.93	0.99	49.02	53.28
John Hancock Dimensional Utilities Index2	11.52	8.77	8.40	1.10	52.28	57.06
Russell 1000 Utilities Index3	14.26	9.26	8.34	3.30	55.71	56.55

    

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 9-20-20 and 100% of the current methodology thereafter.

INDUSTRY COMPOSITION (% of net assets)
Electric utilities	55.9
Multi-utilities	32.3
Water utilities	4.3
Independent power and renewable electricity producers	4.0
Gas utilities	3.4
Short-term investments and other	0.1
TOTAL	100.0

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 May 1, 2021, with the same investment held until October 31, 2021.

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 October 31, 2021, 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 May 1, 2021, with the same investment held until October 31, 2021. 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 5-1-2021	Ending value on 10-31-2021	Expenses paid during 10-31-20211	Annualized expense ratio
Multifactor Consumer Discretionary ETF
Actual expenses/actual returns	$1,000.00	$1,074.50	$2.09	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Consumer Staples ETF
Actual expenses/actual returns	$1,000.00	$1,010.70	$2.03	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Developed International ETF
Actual expenses/actual returns	$1,000.00	$1,036.80	$2.00	0.39%
Hypothetical example for comparison purposes	1,000.00	1,023.20	1.99	0.39%
Multifactor Emerging Markets ETF
Actual expenses/actual returns	$1,000.00	$962.80	$2.42	0.49%
Hypothetical example for comparison purposes	1,000.00	1,022.70	2.50	0.49%

SEMIANNUAL | JOHN HANCOCK MULTIFACTOR ETFS

19

SHAREHOLDER EXPENSE EXAMPLE CHART  (continued)

	Account value on 5-1-2021	Ending value on 10-31-2021	Expenses paid during 10-31-20211	Annualized expense ratio
Multifactor Energy ETF
Actual expenses/actual returns	$1,000.00	$1,232.70	$2.25	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Financials ETF
Actual expenses/actual returns	$1,000.00	$1,081.50	$2.10	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Healthcare ETF
Actual expenses/actual returns	$1,000.00	$1,083.90	$2.10	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Industrials ETF
Actual expenses/actual returns	$1,000.00	$1,059.80	$2.08	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Large Cap ETF
Actual expenses/actual returns	$1,000.00	$1,089.80	$1.53	0.29%
Hypothetical example for comparison purposes	1,000.00	1,023.70	1.48	0.29%
Multifactor Materials ETF
Actual expenses/actual returns	$1,000.00	$1,014.60	$2.03	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Media and Communications ETF
Actual expenses/actual returns	$1,000.00	$971.70	$1.99	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Mid Cap ETF
Actual expenses/actual returns	$1,000.00	$1,064.80	$2.13	0.41%
Hypothetical example for comparison purposes	1,000.00	1,023.10	2.09	0.41%
Multifactor Small Cap ETF
Actual expenses/actual returns	$1,000.00	$1,030.90	$2.15	0.42%
Hypothetical example for comparison purposes	1,000.00	1,023.10	2.14	0.42%
Multifactor Technology ETF
Actual expenses/actual returns	$1,000.00	$1,158.10	$2.18	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%
Multifactor Utilities ETF
Actual expenses/actual returns	$1,000.00	$1,010.00	$2.03	0.40%
Hypothetical example for comparison purposes	1,000.00	1,023.20	2.04	0.40%

    

1	Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

20

JOHN HANCOCK MULTIFACTOR ETFS | SEMIANNUAL

Funds’ investments

MULTIFACTOR CONSUMER DISCRETIONARY ETF

As of 10-31-21 (unaudited)

	Shares or Principal Amount	Value
COMMON STOCKS – 99.9%		$26,910,277
(Cost $22,299,590)
Communication services – 0.5%		131,412
Entertainment – 0.5%
Roku, Inc. (A)	431	131,412
Consumer discretionary – 92.9%		25,030,890
Auto components – 0.3%
Fox Factory Holding Corp. (A)	561	90,293
Automobiles – 11.9%
Ford Motor Company (A)	23,340	398,647
General Motors Company (A)	8,957	487,530
Harley-Davidson, Inc.	2,094	76,410
Tesla, Inc. (A)	1,935	2,155,590
Thor Industries, Inc.	715	72,901
Distributors – 1.7%
Genuine Parts Company	1,946	255,140
LKQ Corp. (A)	3,552	195,644
Diversified consumer services – 0.8%
Bright Horizons Family Solutions, Inc. (A)	807	133,962
Chegg, Inc. (A)	1,271	75,548
Hotels, restaurants and leisure – 20.3%
Airbnb, Inc., Class A (A)	546	93,180
Booking Holdings, Inc. (A)	110	266,286
Boyd Gaming Corp. (A)	1,209	77,110
Caesars Entertainment, Inc. (A)	2,215	242,454
Carnival Corp. (A)	8,803	195,074
Chipotle Mexican Grill, Inc. (A)	134	238,390
Choice Hotels International, Inc.	386	54,279
Churchill Downs, Inc.	437	100,510
Darden Restaurants, Inc.	1,762	253,975
Domino’s Pizza, Inc.	360	176,029
DraftKings, Inc., Class A (A)(B)	3,166	147,504
Expedia Group, Inc. (A)	1,229	202,060
Hilton Worldwide Holdings, Inc. (A)	2,529	364,050
Hyatt Hotels Corp., Class A (A)	494	42,089
Las Vegas Sands Corp. (A)	2,244	87,090
Marriott International, Inc., Class A (A)	2,459	393,489
Marriott Vacations Worldwide Corp.	458	72,007
McDonald’s Corp.	2,220	545,121
MGM Resorts International	4,980	234,857
Norwegian Cruise Line Holdings, Ltd. (A)	3,795	97,607
Penn National Gaming, Inc. (A)	1,909	136,684
Planet Fitness, Inc., Class A (A)	863	68,652
Royal Caribbean Cruises, Ltd. (A)	2,327	196,469
Scientific Games Corp. (A)	531	42,507
Starbucks Corp.	3,547	376,230
Texas Roadhouse, Inc.	889	78,952
Vail Resorts, Inc.	519	178,904
Wyndham Hotels & Resorts, Inc.	1,189	100,435
Wynn Resorts, Ltd. (A)	889	79,832

MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)

	Shares or Principal Amount	Value
Consumer discretionary (continued)
Hotels, restaurants and leisure (continued)
Yum! Brands, Inc.	2,700	$337,338
Household durables – 2.7%
Garmin, Ltd.	2,002	287,487
Helen of Troy, Ltd. (A)	329	74,009
Tempur Sealy International, Inc.	3,095	137,635
Whirlpool Corp.	1,056	222,636
Internet and direct marketing retail – 8.8%
Amazon.com, Inc. (A)	423	1,426,540
Chewy, Inc., Class A (A)(B)	573	43,433
DoorDash, Inc., Class A (A)	626	121,945
eBay, Inc.	4,435	340,253
Etsy, Inc. (A)	1,288	322,889
Wayfair, Inc., Class A (A)(B)	466	116,081
Leisure products – 3.0%
Brunswick Corp.	1,300	121,017
Hasbro, Inc.	1,593	152,546
Mattel, Inc. (A)	5,535	120,718
Peloton Interactive, Inc., Class A (A)	2,125	194,310
Polaris, Inc.	1,031	118,513
YETI Holdings, Inc. (A)	1,080	106,196
Multiline retail – 6.5%
Dollar General Corp.	1,780	394,306
Dollar Tree, Inc. (A)	3,190	343,754
Kohl’s Corp.	1,842	89,392
Macy’s, Inc.	2,838	75,122
Target Corp.	3,289	853,890
Specialty retail – 27.8%
Advance Auto Parts, Inc.	895	201,840
AutoNation, Inc. (A)	1,102	133,474
AutoZone, Inc. (A)	199	355,183
Bath & Body Works, Inc.	2,129	147,093
Best Buy Company, Inc.	4,549	556,070
Burlington Stores, Inc. (A)	657	181,523
CarMax, Inc. (A)	2,324	318,202
Carvana Company (A)	313	94,895
Dick’s Sporting Goods, Inc.	1,073	133,277
Five Below, Inc. (A)	756	149,159
Floor & Decor Holdings, Inc., Class A (A)	1,316	178,871
Foot Locker, Inc.	922	43,952
GameStop Corp., Class A (A)	418	76,707
Lithia Motors, Inc.	373	119,069
Lowe’s Companies, Inc.	2,635	616,116
O’Reilly Automotive, Inc. (A)	741	461,139
Penske Automotive Group, Inc.	414	43,905
RH (A)	213	140,501
Ross Stores, Inc.	3,562	403,218
The Gap, Inc.	3,628	82,319
The Home Depot, Inc.	3,915	1,455,362
The TJX Companies, Inc.	7,517	492,288

MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)

	Shares or Principal Amount	Value
Consumer discretionary (continued)
Specialty retail (continued)
Tractor Supply Company	2,117	$459,749
Ulta Beauty, Inc. (A)	881	323,644
Victoria’s Secret & Company (A)	1,180	59,555
Williams-Sonoma, Inc.	1,460	271,166
Textiles, apparel and luxury goods – 9.1%
Capri Holdings, Ltd. (A)	1,842	98,068
Columbia Sportswear Company	460	47,766
Crocs, Inc. (A)	550	88,798
Deckers Outdoor Corp. (A)	419	165,635
Hanesbrands, Inc.	7,394	125,994
Levi Strauss & Company, Class A	990	25,918
Lululemon Athletica, Inc. (A)	644	300,110
NIKE, Inc., Class B	4,829	807,843
PVH Corp. (A)	781	85,387
Ralph Lauren Corp.	644	81,897
Skechers USA, Inc., Class A (A)	1,651	76,293
Tapestry, Inc.	3,437	133,974
Under Armour, Inc., Class A (A)	2,200	48,312
Under Armour, Inc., Class C (A)	2,279	43,028
VF Corp.	4,392	320,089
Consumer staples – 0.9%		246,565
Personal products – 0.9%
Coty, Inc., Class A (A)	2,074	17,588
The Estee Lauder Companies, Inc., Class A	706	228,977
Industrials – 5.6%		1,501,410
Building products – 1.5%
Allegion PLC	1,540	197,582
Fortune Brands Home & Security, Inc.	1,969	199,657
Commercial services and supplies – 1.9%
Copart, Inc. (A)	2,631	408,568
Rollins, Inc.	2,827	99,595
Road and rail – 1.7%
Avis Budget Group, Inc. (A)	355	61,525
Lyft, Inc., Class A (A)	2,561	117,473
Uber Technologies, Inc. (A)	6,310	276,504
Trading companies and distributors – 0.5%
SiteOne Landscape Supply, Inc. (A)	598	140,506
SHORT-TERM INVESTMENTS – 0.7%		$181,656
(Cost $181,659)
Short-term funds – 0.7%		181,656
John Hancock Collateral Trust, 0.0370% (C)(D)	10,654	106,602

MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)

	Shares or Principal Amount	Value
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0250% (C)	75,054	$75,054
Total investments (Multifactor Consumer Discretionary ETF) (Cost $22,481,249) 100.6%		$27,091,933
Other assets and liabilities, net (0.6%)		(166,428)
Total net assets 100.0%		$26,925,505

    

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
Security Abbreviations and Legend
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 10-31-21.
(C)	The rate shown is the annualized seven-day yield as of 10-31-21.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

MULTIFACTOR CONSUMER STAPLES ETF

As of 10-31-21 (unaudited)

	Shares or Principal Amount	Value
COMMON STOCKS – 99.9%		$21,867,530
(Cost $19,446,763)
Consumer discretionary – 0.8%		180,488
Household durables – 0.8%
Newell Brands, Inc.	7,885	180,488
Consumer staples – 95.6%		20,932,039
Beverages – 20.8%
Brown-Forman Corp., Class A	576	36,881
Brown-Forman Corp., Class B	5,313	360,700
Celsius Holdings, Inc. (A)	439	42,372
Constellation Brands, Inc., Class A	3,055	662,355
Keurig Dr. Pepper, Inc.	6,797	245,304
Molson Coors Beverage Company, Class B	3,889	171,466
Monster Beverage Corp. (A)	3,220	273,700
PepsiCo, Inc.	8,495	1,372,792
The Boston Beer Company, Inc., Class A (A)	152	74,857
The Coca-Cola Company	23,269	1,311,674
Food and staples retailing – 25.2%
Albertsons Companies, Inc., Class A (B)	3,463