UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811- 22733
John Hancock Exchange-Traded Fund Trust (Exact name of registrant as specified in charter)
200 Berkeley Street, Boston, Massachusetts 02116 (Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
200 Berkeley Street
Boston, Massachusetts 02116
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-663-4497
Date of fiscal year end: | April 30 |
Date of reporting period: | April 30, 2021 |
ITEM 1 – REPORTS TO STOCKHOLDERS
The Registrant prepared 2 annual reports to shareholders for the period ended April 30, 2021. The first report applies to 15 John Hancock Multifactor ETF funds, and the second report applies to John Hancock Corporate Bond ETF of the Registrant.
Annual report
John Hancock
Multifactor ETFs
ETF
April 30, 2021
A message to shareholders
Dear shareholder,
The global equity markets were propelled to strong gains for the 12 months ended April 30, 2021. The U.S. Federal Reserve and other world central banks maintained their policies of ultra-low short-term interest rates. With little in the way of yield available on safer assets, investors gravitated toward equities in search of more attractive total returns.
The approval and subsequent rollout of multiple COVID-19 vaccines also boosted investor sentiment by providing a clearer path for economic conditions to return to normal in 2021. The passing of fiscal stimulus packages in the United States was an additional source of support for the markets. In combination, these developments helped the major stock indexes gradually recapture, and ultimately exceed, the levels at which they stood prior to the global outbreak of the coronavirus in early 2020.
Despite the overall good news, there are still obstacles. Some economies may have reopened too early, the pace of vaccinations varies widely from country to country, and many industries will take time to recover from the losses suffered. 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
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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 have identified four characteristics, or dimensions, of expected returns that academic research has shown to account for most of the variation in historical asset returns and that we believe will account for most of the variation in future returns. These dimensions are the overall market, company size, relative price, and profitability.
The overall market dimension reflects the excess return over the risk-free rate, which is typically measured by short-term U.S. Treasury bills, that market participants demand for investing in a broadly diversified portfolio of equity securities without any style or market capitalization bias. That premium is called the equity premium.
The company size dimension reflects the excess return that investors demand for investing in small-capitalization stocks relative to large-capitalization stocks. The premium associated with this dimension is the small-cap, or size, premium.
The relative price dimension reflects the excess return that investors expect from investing in low relative price, or value, stocks—as measured, for instance, by their price-to-book ratios—in comparison with high relative price, or growth, stocks. The premium associated with this dimension is the value premium.
Finally, the profitability dimension provides a way to discern 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, 2021?
The U.S. market had a positive performance for the period and outperformed developed markets but underperformed emerging markets. Along the market capitalization dimension, U.S. small caps outperformed large caps, while mid caps underperformed small caps and outperformed large caps. Along the relative price dimension, U.S. large-cap value stocks underperformed large-cap growth stocks and U.S. small-cap value outperformed small-cap growth. Most developed- and emerging-market currencies appreciated relative to the U.S. dollar, and currency movements had a positive impact on the U.S. dollar-denominated returns of the respective markets.
Can you tell us about a recent manager change?
Effective March 1, 2021, Lukas J. Smart, CFA, left the management team and was replaced by Andres Torres.
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 greater emphasis on stocks with smaller market
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capitalizations contributed positively to relative performance, as these stocks outperformed for the period. With low relative price (value) stocks outperforming high relative price (growth) stocks, the fund’s greater emphasis on value stocks also contributed positively to relative performance.
Compared with the Russell 1000 Consumer Discretionary Index, 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, hotels, and restaurants, and leisure. 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. and DraftKings, Inc. (new addition) and decreased weights in Amazon.com, Inc. and Stanley Black & Decker, Inc. (sold during the period).
JOHN HANCOCK MULTIFACTOR CONSUMER STAPLES ETF (JHMS)
On a NAV basis, the fund outperformed 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 contributed positively to relative performance, as smaller stocks outperformed for the period. The fund’s emphasis on low relative price (value) stocks also contributed positively to relative performance, as value stocks outperformed high relative price (growth) stocks.
Compared with the Russell 1000 Consumer Staples Index, 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 food and staples retailing. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in The Hershey Company and Corteva, Inc. and decreased weights in Walmart, Inc. and The Clorox Company.
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. The fund’s greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance compared to the benchmark. With low relative price (value) stocks outperforming high relative price (growth) stocks, the fund’s greater emphasis on value stocks also contributed positively to relative performance. Conversely, the fund’s emphasis on stocks with high profitability detracted from relative performance, as these stocks underperformed.
Compared with the MSCI EAFE Index, 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 ASML Holding NV and AIA Group, Ltd. and decreased weights in Vonovia SE and Infineon Technologies AG.
JOHN HANCOCK MULTIFACTOR EMERGING MARKETS ETF (JHEM)
On a NAV basis, the fund underperformed the MSCI Emerging Markets Index, a cap-weighted benchmark used as a proxy for emerging markets. With low relative price (value) stocks underperforming high relative price (growth) stocks within emerging markets, the fund’s greater emphasis on value stocks detracted from relative performance. Conversely, the fund’s greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance compared to the benchmark.
Compared with the MSCI Emerging Markets Index, 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 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 Meituan (new addition) and Baidu, Inc. and decreased weights in Alibaba Group Holding, Ltd. and Tencent Holdings, Ltd. The underweight to China contributed to relative returns, as China underperformed the broader emerging-market countries. However, the securities held within China underperformed even more, resulting in a negative relative return coming from China exposure overall.
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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 smaller market capitalizations contributed positively to relative performance, as smaller stocks outperformed for the period. The fund’s emphasis on stocks with higher profitability also contributed positively to relative performance, as higher profitability stocks within the energy sector outperformed for the period. Differences in sector definitions between the fund and the benchmark were a driver of relative performance. The fund’s focus on the energy sector detracted from relative performance as stocks held by the index in alternate sectors outperformed.
Compared with the Russell 1000 Energy Index, 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 EOG Resources, Inc. and Occidental Petroleum Corp. and decreased weights in Concho Resources, Inc. (acquired by ConocoPhillips and sold during the period) and Parsley Energy, Inc. (acquired by Pioneer Natural Resources Company).
JOHN HANCOCK MULTIFACTOR FINANCIALS ETF (JHMF)
On a NAV basis, the fund underperformed the Russell 1000 Financial Index, a cap-weighted benchmark used as a proxy for the financials sector of the U.S. stock market. The fund’s greater emphasis on stocks with higher profitability detracted from relative performance, as higher-profitability stocks underperformed for the period. At the industry level, the fund’s general exclusion of real estate investment trusts (REITs) contributed positively to relative performance, as REITs underperformed the overall index.
Compared with the Russell 1000 Financial Index, 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 The Travelers Companies, Inc. and Bank of America Corp. and decreased weights in Mastercard, Inc. and Visa, Inc.
JOHN HANCOCK MULTIFACTOR HEALTHCARE ETF (JHMH)
On a NAV basis, the fund outperformed the Russell 1000 Healthcare Index, a cap-weighted benchmark used as a proxy for the healthcare sector of the U.S. stock market. The fund’s greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as these stocks outperformed.
Compared with the Russell 1000 Healthcare Index, 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 equipment and supplies, healthcare providers and services, and supplies and pharmaceuticals. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in Anthem, Inc. and Cigna Corp. and decreased weights in Pfizer, Inc. and Varian Medical Systems, Inc. (sold during the period).
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 greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as these stocks outperformed. The fund’s emphasis on low relative price (value) stocks also contributed positively to relative performance, as value stocks outperformed high relative price (growth) stocks for the period.
Compared with the Russell 1000 Industrials Index, 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 increased weights in Stanley Black & Decker, Inc. (new addition) and Carrier Global Corp. and decreased weights in Southwest Airlines Company and Deere & Company.
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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 greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as mid caps outperformed large caps.
Compared with the Russell 1000 Index, 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 JPMorgan Chase & Co. and Morgan Stanley and decreased weights in Apple, Inc. and Berkshire Hathaway, Inc.
JOHN HANCOCK MULTIFACTOR MATERIALS ETF (JHMA)
On a NAV basis, the fund outperformed 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 greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as these stocks outperformed. The fund’s emphasis on low relative price (value) stocks also contributed positively to relative performance, as value stocks outperformed high relative price (growth) stocks for the period. Differences in sector definitions between the fund and the benchmark were a driver of relative performance. The fund’s focus on the materials sector detracted from relative performance as stocks held by the index in alternate sectors outperformed.
Compared with the Russell 1000 Basic Materials Index, 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 containers and packaging. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in DuPont de Nemours, Inc. and Martin Marietta Materials, Inc. and decreased weights in Newmont Corp. and Air Products & Chemicals, Inc.
JOHN HANCOCK MULTIFACTOR MEDIA AND COMMUNICATIONS ETF (JHCS)
On a NAV basis, the fund outperformed 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 Russell 1000 Telecommunications Index contains only companies in the diversified telecommunication services and the wireless telecommunication services industries. The fund’s greater exposure to securities outside of the telecommunication services sector contributed positively to relative performance, as those stocks generally outperformed relative to telecommunication services stocks. Outside of the differences in sector definitions, the fund’s greater emphasis on stocks with smaller market capitalizations also contributed positively to relative performance, as these stocks outperformed for the period.
Compared with the Russell 1000 Telecommunications Index, 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 Lumen Technologies, Inc. (new addition) and Discovery, Inc. and decreased weights in CenturyLink, Inc. (sold during the period) and Twitter, 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 greater emphasis on stocks with smaller market capitalizations contributed positively to relative performance, as smaller mid caps outperformed larger mid caps for the period. Conversely, the fund’s emphasis on stocks with high profitability detracted from relative performance, as these stocks underperformed.
Compared with the Russell Midcap Index, 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 consumer
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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 Lumen Technologies and LyondellBasell Industries NV (both new additions) and decreased weights in Synopsys, Inc. and Cadence Design Systems, Inc. (both sold during the period).
JOHN HANCOCK MULTIFACTOR SMALL CAP ETF (JHSC)
On a NAV basis, the fund underperformed 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 micro caps detracted from relative performance, as micro caps outperformed small caps for the period. The fund's exclusion of stocks with the lowest profitability and highest relative price also detracted from relative performance as those stocks outperformed.
Compared with the Russell 2000 Index, the fund emphasizes stocks with 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 PVH Corp. and FLIR Systems, Inc. (both new additions) and decreased weights in Chegg, Inc. and Penn National Gaming, Inc. (both sold during the period).
JOHN HANCOCK MULTIFACTOR TECHNOLOGY ETF (JHMT)
On a NAV basis, the fund outperformed 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 stocks with smaller market capitalizations contributed positively to relative performance, as these stocks outperformed. Conversely, the fund’s greater emphasis on low relative price (value) stocks detracted from relative performance as these stocks underperformed within the technology sector.
Compared with the Russell Technology Index, the fund emphasizes stocks with lower relative prices, smaller market capitalizations, and higher profitability. In absolute terms, its largest industry exposures were to software and semiconductors and semiconductor equipment. Changes were made to the fund as a result of regularly scheduled reconstitutions during the period. Notable changes in composition included increased weights in HP, Inc. and Gartner, Inc. (new addition) and decreased weights in Apple, Inc. and Oracle Corp.
JOHN HANCOCK MULTIFACTOR UTILITIES ETF (JHMU)
On a NAV basis, the fund underperformed the Russell 1000 Utilities Index, a cap-weighted benchmark used as a proxy for the utilities sector of the U.S. stock market. Differences in sector definitions between the fund and the benchmark were a driver of relative performance. The fund holds companies involved in the provision of gas, electricity, water, and power, as well as energy trading or the provision of related infrastructure or services. The Russell 1000 Utilities Index also includes communication services and industrials sector stocks, in which the fund doesn't invest. The fund’s exclusion of industrials sector stocks detracted from relative performance as these stocks generally outperformed relative to other industries within the utilities sector. Conversely, the fund’s emphasis on stocks with high profitability contributed positively to relative performance, as these stocks outperformed within the utilities sector.
Compared with the Russell 1000 Utilities Index, 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 American Electric Power Company, Inc. and decreased weights in Consolidated Edison, Inc. and Edison International.
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
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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.
The views expressed in this report are exclusively those of Joseph F. Hohn, 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 (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 75.70 | 16.81 | 15.43 | 117.45 | 122.95 |
| Market price | 75.83 | 16.81 | 15.43 | 117.47 | 123.02 |
| John Hancock Dimensional Consumer Discretionary Index2 | 76.54 | 17.31 | 15.93 | 122.17 | 128.48 |
| Russell 1000 Consumer Discretionary Index3 | 62.26 | 21.05 | 19.83 | 159.87 | 174.81 |
| 1 | From 9-28-15. |
| 2 | The John Hancock Dimensional Consumer Discretionary Index is designed to comprise securities in the consumer discretionary sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The consumer discretionary sector is composed of companies in areas such as restaurants, media, consumer retail, leisure equipment and products, hotels, apparel, automobiles, and consumer durable goods. The U.S. universe is defined as a free float-adjusted market-capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Consumer Discretionary Index comprises securities of the Russell 1000 Index classified in the consumer discretionary sector. 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 | 26.8 |
| Hotels, restaurants and leisure | 21.5 |
| Internet and direct marketing retail | 10.5 |
| Automobiles | 9.2 |
| Textiles, apparel and luxury goods | 8.6 |
| Multiline retail | 6.7 |
| Leisure products | 3.1 |
| Household durables | 2.9 |
| Commercial services and supplies | 1.8 |
| Building products | 1.8 |
| Other | 7.1 |
| 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) |
| Amazon.com, Inc. | 5.8 |
| Tesla, Inc. | 5.2 |
| The Home Depot, Inc. | 5.1 |
| Target Corp. | 3.0 |
| Lowe's Companies, Inc. | 2.6 |
| eBay, Inc. | 2.5 |
| NIKE, Inc., Class B | 2.4 |
| Best Buy Company, Inc. | 2.3 |
| McDonald's Corp. | 2.2 |
| General Motors Company | 2.1 |
| TOTAL | 33.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $22,302.
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, 2021 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:
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 (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 27.69 | 8.96 | 8.91 | 53.57 | 54.45 |
| Market price | 27.72 | 8.95 | 8.91 | 53.54 | 54.46 |
| John Hancock Dimensional Consumer Staples Index2 | 28.24 | 9.43 | 9.38 | 56.92 | 57.88 |
| Russell 1000 Consumer Staples Index3 | 24.12 | 7.07 | 7.01 | 40.68 | 41.20 |
| 1 | From 3-28-16. |
| 2 | The John Hancock Dimensional Consumer Staples Index is designed to comprise securities in the consumer staples sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The consumer staples sector is composed of companies involved in areas such as the production, manufacture, distribution or sale of food, beverages, tobacco, household goods, or personal products. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Consumer Staples Index comprises securities of the Russell 1000 Index classified in the consumer staples sector. 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 | 30.6 |
| Food and staples retailing | 22.8 |
| Beverages | 20.0 |
| Household products | 15.1 |
| Tobacco | 6.5 |
| Chemicals | 3.5 |
| Household durables | 1.0 |
| Personal products | 0.4 |
| 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 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) |
| The Coca-Cola Company | 6.0 |
| Costco Wholesale Corp. | 6.0 |
| Walmart, Inc. | 5.8 |
| The Procter & Gamble Company | 5.8 |
| PepsiCo, Inc. | 5.6 |
| The Kroger Company | 4.1 |
| Mondelez International, Inc., Class A | 3.8 |
| Philip Morris International, Inc. | 3.7 |
| Corteva, Inc. | 3.5 |
| Archer-Daniels-Midland Company | 3.4 |
| TOTAL | 47.7 |
The value of a $10,000 investment calculated at market value from inception through period end would be $15,446.
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, 2021 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:
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 | |
Multifactor Developed International ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | Since fund
inception1 | Since fund
inception1 |
| Net asset value | 40.26 | 9.23 | 47.14 |
| Market price | 41.36 | 9.14 | 46.60 |
| John Hancock Dimensional Developed International Index2 | 41.44 | 10.04 | 51.96 |
| MSCI EAFE Index3 | 39.88 | 9.74 | 50.19 |
| 1 | From 12-15-16. |
| 2 | The John Hancock Dimensional Developed International Index is designed to comprise a subset of securities of companies associated with developed markets outside of the United States and Canada. The index is reconstituted and rebalanced on a semiannual basis. |
| 3 | The MSCI EAFE Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. |
| SECTOR COMPOSITION (% of net assets) |
| Industrials | 16.4 |
| Financials | 16.1 |
| Consumer discretionary | 13.0 |
| Health care | 10.5 |
| Materials | 10.2 |
| Consumer staples | 8.7 |
| Information technology | 7.3 |
| Communication services | 5.9 |
| Utilities | 4.9 |
| Real estate | 2.9 |
| Energy | 2.8 |
| Short-term investments and other | 1.3 |
| 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 | 1.5 |
| Toyota Motor Corp. | 1.4 |
| ASML Holding NV | 1.0 |
| Roche Holding AG | 0.9 |
| LVMH Moet Hennessy Louis Vuitton SE | 0.8 |
| Novartis AG | 0.8 |
| AIA Group, Ltd. | 0.7 |
| Cie Generale des Etablissements Michelin SCA | 0.7 |
| Orange SA | 0.6 |
| Unilever PLC | 0.6 |
| TOTAL | 9.0 |
The value of a $10,000 investment calculated at market value from inception through period end would be $14,660.
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, 2021 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:
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 |
Multifactor Emerging Markets ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | Since fund
inception1 | Since fund
inception1 |
| Net asset value | 46.99 | 10.80 | 30.43 |
| Market price | 50.36 | 10.68 | 30.08 |
| John Hancock Dimensional Emerging Markets Index2 | 49.28 | 11.64 | 33.04 |
| MSCI Emerging Markets Index3 | 48.71 | 12.67 | 36.23 |
| 1 | From 9-27-18. |
| 2 | The John Hancock Dimensional Emerging Markets Index is designed to comprise a subset of securities of companies associated with emerging markets, which may include frontier markets (Emerging markets in an earlier stage of development). The index is reconstituted and rebalanced on a semiannual basis. |
| 3 | The MSCI Emerging Markets Index is an unmanaged index designed to measure the performance of publicly traded large- and mid-cap stocks in developing markets. |
| SECTOR COMPOSITION (% of total investments) |
| Financials | 21.1 |
| Information technology | 18.8 |
| Consumer discretionary | 14.0 |
| Materials | 10.6 |
| Communication services | 10.1 |
| Consumer staples | 6.6 |
| Energy | 5.4 |
| Industrials | 4.7 |
| Health care | 4.1 |
| Utilities | 2.4 |
| Real estate | 2.0 |
| Short-term investments | 0.2 |
| 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 total investments) |
| Samsung Electronics Company, Ltd. | 4.0 |
| Taiwan Semiconductor Manufacturing Company, Ltd. | 3.9 |
| Tencent Holdings, Ltd. | 3.6 |
| Alibaba Group Holding, Ltd., ADR | 2.7 |
| Vale SA | 1.3 |
| Ping An Insurance Group Company of China, Ltd., H Shares | 1.3 |
| NetEase, Inc., ADR | 1.2 |
| MediaTek, Inc. | 1.1 |
| Baidu, Inc., ADR | 1.0 |
| Reliance Industries, Ltd. | 1.0 |
| TOTAL | 21.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $13,008.
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, 2021 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:
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 | |
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 41.67 | -4.20 | -2.50 | -19.29 | -12.09 |
| Market price | 41.73 | -4.20 | -2.50 | -19.31 | -12.08 |
| John Hancock Dimensional Energy Index2 | 42.18 | -3.82 | -2.11 | -17.69 | -10.30 |
| Russell 1000 Energy Index3 | 39.37 | -2.33 | -0.57 | -11.12 | -2.88 |
| 1 | From 3-28-16. |
| 2 | The John Hancock Dimensional Energy Index is designed to comprise securities in the energy sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The energy sector is composed of companies involved in areas such as the production, distribution, or sale of alternative fuels, coal, electricity, natural gas, nuclear power, oil, and other forms of energy. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Energy Index comprises securities of the Russell 1000 Index s classified in the energy sector. 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 | 86.9 |
| Energy equipment and services | 13.0 |
| 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 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) |
| EOG Resources, Inc. | 6.6 |
| Exxon Mobil Corp. | 6.1 |
| Chevron Corp. | 6.0 |
| ConocoPhillips | 5.7 |
| Schlumberger NV | 5.6 |
| Marathon Petroleum Corp. | 5.6 |
| Valero Energy Corp. | 5.6 |
| The Williams Companies, Inc. | 4.6 |
| Pioneer Natural Resources Company | 4.5 |
| Kinder Morgan, Inc. | 4.5 |
| TOTAL | 54.8 |
The value of a $10,000 investment calculated at market value from inception through period end would be $8,792.
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, 2021 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:
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 |
Multifactor Financials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 64.14 | 16.61 | 15.09 | 115.64 | 119.34 |
| Market price | 64.17 | 16.61 | 15.09 | 115.64 | 119.40 |
| John Hancock Dimensional Financials Index2 | 64.91 | 17.13 | 15.61 | 120.45 | 124.90 |
| Russell 1000 Financials Index3 | 65.94 | 18.36 | 17.07 | 132.25 | 141.35 |
| 1 | From 9-28-15. |
| 2 | The John Hancock Dimensional Financials Index is designed to comprise securities in the financials sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The financials sector is composed of companies in areas such as banking, savings and loans, insurance, consumer finance, investment brokerage, asset management, or other diverse financial services. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Financials Index comprises securities of the Russell 1000 Index classified in the financial services 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. Prior to 9-21-20, index name was the Russell 1000 Financial Services Index. |
| INDUSTRY COMPOSITION (% of net assets) |
| Banks | 26.2 |
| Insurance | 23.0 |
| Capital markets | 22.9 |
| IT services | 14.6 |
| Consumer finance | 6.4 |
| Diversified financial services | 5.0 |
| 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 | 3.9 |
| JPMorgan Chase & Co. | 3.7 |
| Bank of America Corp. | 3.7 |
| Visa, Inc., Class A | 3.6 |
| Mastercard, Inc., Class A | 3.3 |
| PayPal Holdings, Inc. | 2.8 |
| Citigroup, Inc. | 1.9 |
| Wells Fargo & Company | 1.9 |
| Morgan Stanley | 1.7 |
| The Goldman Sachs Group, Inc. | 1.6 |
| TOTAL | 28.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $21,940.
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, 2021 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:
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 | |
Multifactor Healthcare ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 29.08 | 14.26 | 13.32 | 94.78 | 101.17 |
| Market price | 29.14 | 14.26 | 13.33 | 94.79 | 101.22 |
| John Hancock Dimensional Healthcare Index2 | 29.65 | 14.78 | 13.83 | 99.22 | 106.26 |
| Russell 1000 Healthcare Index3 | 25.68 | 14.69 | 13.84 | 98.46 | 106.38 |
| 1 | From 9-28-15. |
| 2 | The John Hancock Dimensional Healthcare Index is designed to comprise securities in the healthcare sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The healthcare sector is composed of companies in areas such as the manufacture of healthcare equipment and supplies, biotechnology, home or long-term healthcare facilities, hospitals, pharmaceuticals, or the provision of basic healthcare services. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Health Care Index comprises securities of the Russell 1000 Index classified in the health care sector. Effective 9-21-20, the underlying components of the Russell 1000 Healthcare 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 | 24.5 |
| Health care providers and services | 23.6 |
| Pharmaceuticals | 20.2 |
| Biotechnology | 15.5 |
| Life sciences tools and services | 12.9 |
| Health care technology | 2.8 |
| Diversified consumer services | 0.5 |
| 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) |
| UnitedHealth Group, Inc. | 6.2 |
| Johnson & Johnson | 5.7 |
| Pfizer, Inc. | 3.0 |
| Merck & Company, Inc. | 2.9 |
| Abbott Laboratories | 2.3 |
| AbbVie, Inc. | 2.3 |
| Thermo Fisher Scientific, Inc. | 2.3 |
| Medtronic PLC | 2.1 |
| Anthem, Inc. | 2.1 |
| Bristol-Myers Squibb Company | 2.0 |
| TOTAL | 30.9 |
The value of a $10,000 investment calculated at market value from inception through period end would be $20,122.
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, 2021 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:
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 |
Multifactor Industrials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 63.78 | 16.67 | 16.68 | 116.19 | 119.42 |
| Market price | 63.81 | 16.68 | 16.69 | 116.24 | 119.44 |
| John Hancock Dimensional Industrials Index2 | 64.52 | 17.20 | 17.21 | 121.12 | 124.53 |
| Russell 1000 Industrials Index3 | 60.29 | 15.11 | 15.17 | 102.11 | 105.31 |
| 1 | From 3-28-16. |
| 2 | The John Hancock Dimensional Industrials Index is designed to comprise securities in the industrials sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The industrials sector is composed of companies involved in areas such as aerospace and defense, construction and engineering, machinery, building products and equipment, road/rail/air/marine transportation and infrastructure, industrial trading and distribution, and related services. The U.S. universe is defined as a free float-adjusted market-capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 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. Prior to 9-21-20, index name was the Russell 1000 Producer Durables Index. |
| INDUSTRY COMPOSITION (% of net assets) |
| Machinery | 21.9 |
| Aerospace and defense | 10.8 |
| Road and rail | 9.1 |
| Electrical equipment | 6.7 |
| IT services | 6.6 |
| Building products | 6.3 |
| Industrial conglomerates | 6.1 |
| Household durables | 5.5 |
| Air freight and logistics | 5.4 |
| Professional services | 5.2 |
| Other | 16.4 |
| 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 | 2.5 |
| Union Pacific Corp. | 2.1 |
| Caterpillar, Inc. | 2.0 |
| Honeywell International, Inc. | 1.9 |
| United Parcel Service, Inc., Class B | 1.9 |
| 3M Company | 1.7 |
| Raytheon Technologies Corp. | 1.7 |
| Parker-Hannifin Corp. | 1.6 |
| Cummins, Inc. | 1.6 |
| Carrier Global Corp. | 1.6 |
| TOTAL | 18.6 |
The value of a $10,000 investment calculated at market value from inception through period end would be $21,944.
The chart and table above do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or sale of fund shares.
It is not possible to invest directly in an index. Unlike an index, the fund’s total returns are reduced by operating expenses and management fees.
| 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, 2021 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:
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 | |
Multifactor Large Cap ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 50.22 | 16.72 | 16.27 | 116.65 | 132.18 |
| Market price | 50.45 | 16.72 | 16.27 | 116.67 | 132.20 |
| John Hancock Dimensional Large Cap Index2 | 50.72 | 17.09 | 16.63 | 120.11 | 136.32 |
| Russell 1000 Index3 | 49.48 | 17.76 | 17.27 | 126.47 | 143.59 |
| 1 | From 9-28-15. |
| 2 | The John Hancock Dimensional Large Cap Index is designed to comprise a subset of securities in the U.S. universe issued by companies whose market capitalizations are larger than that of the 801st largest U.S. company at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Index is an unmanaged index that measures performance of publicly-traded large-cap companies in the United States. |
| SECTOR COMPOSITION (% of net assets) |
| Information technology | 23.2 |
| Financials | 13.2 |
| Health care | 13.0 |
| Consumer discretionary | 11.8 |
| Industrials | 11.5 |
| Communication services | 8.6 |
| Consumer staples | 5.4 |
| Materials | 4.0 |
| Utilities | 3.6 |
| Real estate | 3.1 |
| Energy | 2.5 |
| 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) |
| Microsoft Corp. | 3.5 |
| Apple, Inc. | 3.3 |
| Amazon.com, Inc. | 2.6 |
| Alphabet, Inc., Class A | 1.8 |
| Facebook, Inc., Class A | 1.3 |
| JPMorgan Chase & Co. | 0.9 |
| Berkshire Hathaway, Inc., Class B | 0.8 |
| UnitedHealth Group, Inc. | 0.8 |
| Johnson & Johnson | 0.8 |
| Visa, Inc., Class A | 0.7 |
| TOTAL | 16.5 |
The value of a $10,000 investment calculated at market value from inception through period end would be $23,220.
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, 2021 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:
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 |
Multifactor Materials ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 69.61 | 13.62 | 14.88 | 89.37 | 102.72 |
| Market price | 69.62 | 13.62 | 14.89 | 89.33 | 102.74 |
| John Hancock Dimensional Materials Index2 | 69.76 | 14.03 | 15.30 | 92.77 | 106.47 |
| Russell 1000 Basic Materials Index3 | 63.11 | 14.08 | 15.05 | 93.23 | 104.22 |
| 1 | From 3-28-16. |
| 2 | The John Hancock Dimensional Materials Index is designed to comprise securities in the materials sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The materials sector is composed of companies involved in areas such as chemicals, metals, paper products, containers and packaging, and construction materials. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 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 9-20-20 and 100% of the current methodology thereafter. Prior to 9-21-20, index name was the Russell 1000 Materials & Processing Index. |
| INDUSTRY COMPOSITION (% of net assets) |
| Chemicals | 54.6 |
| Containers and packaging | 23.1 |
| Metals and mining | 13.7 |
| Construction materials | 5.8 |
| Building products | 1.7 |
| Multi-utilities | 1.1 |
| 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) |
| Linde PLC | 6.2 |
| PPG Industries, Inc. | 5.3 |
| DuPont de Nemours, Inc. | 5.2 |
| The Sherwin-Williams Company | 4.0 |
| LyondellBasell Industries NV, Class A | 3.9 |
| International Paper Company | 3.7 |
| Dow, Inc. | 3.7 |
| Ball Corp. | 3.7 |
| Air Products & Chemicals, Inc. | 3.4 |
| Newmont Corp. | 3.2 |
| TOTAL | 42.3 |
The value of a $10,000 investment calculated at market value from inception through period end would be $20,274.
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, 2021 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:
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 | |
Multifactor Media and Communications ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | Since fund
inception1 | Since fund
inception1 |
| Net asset value | 55.00 | 23.44 | 56.83 |
| Market price | 55.19 | 23.54 | 57.10 |
| John Hancock Dimensional Media and Communications Index2 | 55.58 | 23.86 | 57.96 |
| Russell 1000 Telecommunication Index3 | 15.78 | 8.70 | 19.52 |
| 1 | From 3-12-19. |
| 2 | The John Hancock Dimensional Media and Communications Index is designed to comprise securities in the media and communications sector within the U.S. Universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. |
| 3 | The Russell 1000 Telecommunication Index comprises securities of the Russell 1000 Index classified in the telecommunication sector. Effective 9-21-20, the underlying components of the Russell 1000 Telecommunication 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 | 33.8 |
| Entertainment | 25.4 |
| Interactive media and services | 23.7 |
| Diversified telecommunication services | 11.0 |
| Wireless telecommunication services | 3.3 |
| Professional services | 2.1 |
| Software | 0.6 |
| 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) |
| Facebook, Inc., Class A | 7.3 |
| Comcast Corp., Class A | 6.2 |
| The Walt Disney Company | 5.7 |
| Netflix, Inc. | 5.5 |
| Verizon Communications, Inc. | 4.7 |
| Charter Communications, Inc., Class A | 4.2 |
| Electronic Arts, Inc. | 4.1 |
| Activision Blizzard, Inc. | 3.9 |
| AT&T, Inc. | 3.6 |
| Alphabet, Inc., Class A | 3.5 |
| TOTAL | 48.7 |
The value of a $10,000 investment calculated at market value from inception through period end would be $15,710.
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, 2021 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:
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 |
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 61.03 | 15.92 | 15.06 | 109.33 | 119.02 |
| Market price | 61.03 | 15.92 | 15.06 | 109.27 | 119.02 |
| John Hancock Dimensional Mid Cap Index2 | 61.78 | 16.39 | 15.54 | 113.62 | 124.19 |
| Russell Midcap Index3 | 59.57 | 15.58 | 14.98 | 106.23 | 118.13 |
| 1 | From 9-28-15. |
| 2 | The John Hancock Dimensional Mid Cap Index is designed to comprise a subset of securities in the U.S. universe issued by companies whose market capitalizations are between the 200th and 951st largest U.S. companies at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell Midcap Index comprises approximately 800 publicly-traded mid-cap companies in the United States. |
| SECTOR COMPOSITION (% of net assets) |
| Information technology | 18.8 |
| Industrials | 15.6 |
| Consumer discretionary | 13.9 |
| Financials | 13.5 |
| Health care | 13.4 |
| Materials | 6.2 |
| Real estate | 5.2 |
| Utilities | 4.4 |
| Consumer staples | 3.3 |
| Communication services | 3.3 |
| Energy | 2.4 |
| 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) |
| Parker-Hannifin Corp. | 0.5 |
| Marvell Technology, Inc. | 0.4 |
| Skyworks Solutions, Inc. | 0.4 |
| Ally Financial, Inc. | 0.4 |
| United Rentals, Inc. | 0.4 |
| ANSYS, Inc. | 0.4 |
| Fifth Third Bancorp | 0.4 |
| Mettler-Toledo International, Inc. | 0.4 |
| D.R. Horton, Inc. | 0.4 |
| Laboratory Corp. of America Holdings | 0.4 |
| TOTAL | 4.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $21,902.
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, 2021 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:
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 | |
Multifactor Small Cap ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | Since fund
inception1 | Since fund
inception1 |
| Net asset value | 64.17 | 11.53 | 46.13 |
| Market price | 64.21 | 11.51 | 46.07 |
| John Hancock Dimensional Small Cap Index2 | 64.86 | 11.99 | 48.22 |
| Russell 2000 Index3 | 74.91 | 14.57 | 60.48 |
| 1 | From 11-8-17. |
| 2 | The John Hancock Dimensional Small Cap Index is designed to comprise a subset of securities in the U.S. universe issued by companies whose market capitalizations are smaller than the 750th largest U.S. company but excluding the smallest 4% of U.S. companies at the time of reconstitution. The index is reconstituted and rebalanced on a semiannual basis. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE American, LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 2000 Index comprises approximately 2,000 publicly-traded small-cap companies in the United States. |
| SECTOR COMPOSITION (% of net assets) |
| Industrials | 17.7 |
| Financials | 16.3 |
| Consumer discretionary | 15.8 |
| Information technology | 14.4 |
| Health care | 11.4 |
| Real estate | 8.6 |
| Materials | 5.5 |
| Utilities | 3.8 |
| Consumer staples | 3.1 |
| Communication services | 1.8 |
| Energy | 1.6 |
| 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) |
| United Therapeutics Corp. | 0.6 |
| Freshpet, Inc. | 0.6 |
| Brooks Automation, Inc. | 0.5 |
| Lattice Semiconductor Corp. | 0.5 |
| Brunswick Corp. | 0.5 |
| SiteOne Landscape Supply, Inc. | 0.5 |
| ITT, Inc. | 0.5 |
| Halozyme Therapeutics, Inc. | 0.5 |
| FLIR Systems, Inc. | 0.5 |
| PVH Corp. | 0.5 |
| TOTAL | 5.2 |
The value of a $10,000 investment calculated at market value from inception through period end would be $14,607.
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, 2021 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:
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 |
Multifactor Technology ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 60.79 | 28.20 | 25.72 | 246.29 | 259.46 |
| Market price | 60.95 | 28.18 | 25.72 | 246.05 | 259.32 |
| John Hancock Dimensional Technology Index2 | 61.52 | 28.65 | 26.17 | 252.40 | 266.62 |
| Russell 1000 Technology Index3 | 59.60 | 31.05 | 28.21 | 286.54 | 301.05 |
| 1 | From 9-28-15. |
| 2 | The John Hancock Dimensional Technology Index is designed to comprise securities in the technology sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The technology sector is composed of companies in areas such as the creation, development or provision of software, hardware, internet services, database management, information technology consulting and services, data processing, or semi-conductors. The U.S. universe is defined as a free float-adjusted market-capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Technology Index comprises securities of the Russell 1000 Index classified in the technology sector. 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 | 34.6 |
| Semiconductors and semiconductor equipment | 30.7 |
| Technology hardware, storage and peripherals | 10.8 |
| IT services | 9.0 |
| Electronic equipment, instruments and components | 8.9 |
| Communications equipment | 5.1 |
| Electrical equipment | 0.6 |
| Interactive media and services | 0.1 |
| Internet and direct marketing retail | 0.1 |
| 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 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) |
| Microsoft Corp. | 6.1 |
| Apple, Inc. | 5.9 |
| Intel Corp. | 3.3 |
| NVIDIA Corp. | 3.0 |
| Cisco Systems, Inc. | 2.5 |
| Broadcom, Inc. | 2.4 |
| Adobe, Inc. | 2.4 |
| Texas Instruments, Inc. | 2.3 |
| salesforce.com, Inc. | 2.2 |
| IBM Corp. | 2.0 |
| TOTAL | 32.1 |
The value of a $10,000 investment calculated at market value from inception through period end would be $35,932.
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, 2021 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:
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 | |
Multifactor Utilities ETF
AVERAGE ANNUAL TOTAL RETURNS (%)
| Average annual total returns (%) | Cumulative total returns (%) |
| | 1-Year | 5-Year | Since fund
inception1 | 5-year | Since fund
inception1 |
| Net asset value | 18.01 | 8.83 | 8.54 | 52.64 | 51.76 |
| Market price | 17.97 | 8.83 | 8.54 | 52.64 | 51.78 |
| John Hancock Dimensional Utilities Index2 | 18.46 | 9.33 | 9.03 | 56.18 | 55.36 |
| Russell 1000 Utilities Index3 | 20.92 | 8.82 | 8.50 | 52.61 | 51.54 |
| 1 | From 3-28-16. |
| 2 | The John Hancock Dimensional Utilities Index is designed to comprise securities in the utilities sector within the U.S. universe whose market capitalizations are larger than that of the 1001st largest U.S. company at the time of reconstitution. Stocks that compose the index include those that may be considered medium or smaller capitalization company stocks. The index is reconstituted and rebalanced on a semiannual basis. The utilities sector is composed of companies involved in areas such as the provision of gas, electric, and water power, energy trading, or the provision of related infrastructure or services. The U.S. universe is defined as a free float-adjusted market capitalization-weighted portfolio of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE MKT LLC, NASDAQ Global Market, or such other securities exchanges deemed appropriate in accordance with the rules-based methodology that is maintained by Dimensional Fund Advisors LP. |
| 3 | The Russell 1000 Utilities Index comprises securities of the Russell 1000 Index classified in the utilities sector. 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 | 57.4 |
| Multi-utilities | 31.0 |
| Independent power and renewable electricity producers | 4.6 |
| Water utilities | 3.8 |
| Gas utilities | 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 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) |
| American Electric Power Company, Inc. | 6.1 |
| Exelon Corp. | 6.0 |
| Duke Energy Corp. | 5.9 |
| Xcel Energy, Inc. | 5.5 |
| The Southern Company | 4.9 |
| Public Service Enterprise Group, Inc. | 4.5 |
| PPL Corp. | 4.1 |
| Sempra Energy | 4.0 |
| Entergy Corp. | 4.0 |
| Consolidated Edison, Inc. | 3.8 |
| TOTAL | 48.8 |
The value of a $10,000 investment calculated at market value from inception through period end would be $15,178.
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, 2021 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:
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 | 23 |
Premium/discount analysis (unaudited)
ETF shares are bought and sold through exchange trading at market price—not net asset value (NAV)—and are not individually redeemed from the fund. Due to various factors, shares may trade at a premium or discount to their NAV in the secondary market, and as a result you may pay more than NAV when you buy shares and receive less than NAV when you sell shares. Additionally, due to various factors, a fund’s holdings and returns may deviate from those of its index. These variations may be greater when markets are volatile or subject to unusual conditions.
A premium exists when the closing market price is trading above NAV, while a discount indicates that the closing market price is trading below NAV. The differences are expressed as basis points, with one basis point equaling 1/100 of 1%.
The chart below presents information about the differences between each fund’s daily closing market price and the fund’s NAV. The closing market price is determined using the bid/ask midpoint as reported on the NYSE Arca, Inc., at 4 P.M. Eastern time, when the NAV is typically calculated.
Data presented represents past performance and cannot be used to predict future results.
| YEAR ENDED APRIL 30, 2021 |
| | Closing Price Below NAV | Closing Price Above or Equal to NAV |
| Basis Point Differential | Number of Days | % of Total Days | Number of Days | % of Total Days |
| Multifactor Consumer Discretionary ETF | | | | |
| 0 - < 25 | 72 | 28.57% | 175 | 69.44% |
| 25 - < 50 | 0 | 0.00% | 4 | 1.59% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 1 | 0.40% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 72 | 28.57% | 180 | 71.43% |
| Multifactor Consumer Staples ETF | | | | |
| 0 - < 25 | 54 | 21.43% | 198 | 78.57% |
| 25 - < 50 | 0 | 0.00% | 0 | 0.00% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 54 | 21.43% | 198 | 78.57% |
| Multifactor Developed International ETF | | | | |
| 0 - < 25 | 63 | 25.00% | 54 | 21.43% |
| 25 - < 50 | 37 | 14.68% | 25 | 9.92% |
| 50 - < 75 | 26 | 10.32% | 8 | 3.17% |
| 75 - < 100 | 11 | 4.37% | 3 | 1.19% |
| 100 or Above | 22 | 8.73% | 3 | 1.19% |
| Total | 159 | 63.10% | 93 | 36.90% |
| Multifactor Emerging Markets ETF | | | | |
| 0 - < 25 | 46 | 18.25% | 42 | 16.67% |
| 25 - < 50 | 40 | 15.87% | 23 | 9.13% |
| 50 - < 75 | 31 | 12.30% | 17 | 6.75% |
| 75 - < 100 | 19 | 7.54% | 4 | 1.59% |
| 100 or Above | 24 | 9.52% | 6 | 2.38% |
| Total | 160 | 63.48% | 92 | 36.52% |
| Multifactor Energy ETF | | | | |
| 0 - < 25 | 112 | 44.44% | 126 | 50.00% |
| 25 - < 50 | 6 | 2.38% | 7 | 2.78% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 1 | 0.40% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 119 | 47.22% | 133 | 52.78% |
| 24 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
| YEAR ENDED APRIL 30, 2021 |
| | Closing Price Below NAV | Closing Price Above or Equal to NAV |
| Basis Point Differential | Number of Days | % of Total Days | Number of Days | % of Total Days |
| Multifactor Financials ETF | | | | |
| 0 - < 25 | 165 | 65.48% | 82 | 32.54% |
| 25 - < 50 | 4 | 1.59% | 1 | 0.40% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 169 | 67.07% | 83 | 32.94% |
| Multifactor Healthcare ETF | | | | |
| 0 - < 25 | 130 | 51.59% | 120 | 47.62% |
| 25 - < 50 | 0 | 0.00% | 1 | 0.40% |
| 50 - < 75 | 0 | 0.00% | 1 | 0.40% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 130 | 51.59% | 122 | 48.42% |
| Multifactor Industrials ETF | | | | |
| 0 - < 25 | 106 | 42.06% | 145 | 57.54% |
| 25 - < 50 | 0 | 0.00% | 0 | 0.00% |
| 50 - < 75 | 0 | 0.00% | 1 | 0.40% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 106 | 42.06% | 146 | 57.94% |
| Multifactor Large Cap ETF | | | | |
| 0 - < 25 | 121 | 48.02% | 131 | 51.98% |
| 25 - < 50 | 0 | 0.00% | 0 | 0.00% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 121 | 48.02% | 131 | 51.98% |
| Multifactor Materials ETF | | | | |
| 0 - < 25 | 44 | 17.46% | 206 | 81.75% |
| 25 - < 50 | 1 | 0.40% | 1 | 0.40% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 45 | 17.86% | 207 | 82.15% |
| Multifactor Media and Communications ETF | | | | |
| 0 - < 25 | 47 | 18.65% | 204 | 80.95% |
| 25 - < 50 | 0 | 0.00% | 0 | 0.00% |
| 50 - < 75 | 1 | 0.40% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 48 | 19.05% | 204 | 80.95% |
| Multifactor Mid Cap ETF | | | | |
| 0 - < 25 | 58 | 23.02% | 194 | 76.98% |
| 25 - < 50 | 0 | 0.00% | 0 | 0.00% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 58 | 23.02% | 194 | 76.98% |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 25 |
| YEAR ENDED APRIL 30, 2021 |
| | Closing Price Below NAV | Closing Price Above or Equal to NAV |
| Basis Point Differential | Number of Days | % of Total Days | Number of Days | % of Total Days |
| Multifactor Small Cap ETF | | | | |
| 0 - < 25 | 133 | 52.78% | 119 | 47.22% |
| 25 - < 50 | 0 | 0.00% | 0 | 0.00% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 133 | 52.78% | 119 | 47.22% |
| Multifactor Technology ETF | | | | |
| 0 - < 25 | 113 | 44.84% | 138 | 54.76% |
| 25 - < 50 | 0 | 0.00% | 1 | 0.40% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 113 | 44.84% | 139 | 55.16% |
| Multifactor Utilities ETF | | | | |
| 0 - < 25 | 120 | 47.62% | 131 | 51.98% |
| 25 - < 50 | 0 | 0.00% | 1 | 0.40% |
| 50 - < 75 | 0 | 0.00% | 0 | 0.00% |
| 75 - < 100 | 0 | 0.00% | 0 | 0.00% |
| 100 or Above | 0 | 0.00% | 0 | 0.00% |
| Total | 120 | 47.62% | 132 | 52.38% |
| 26 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
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, 2020, with the same investment held until April 30, 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 April 30, 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 November 1, 2020, with the same investment held until April 30, 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
11-1-2020 | Ending
value on
4-30-2021 | Expenses
paid during
4-30-20211 | Annualized
expense
ratio |
| Multifactor Consumer Discretionary ETF |
| Actual expenses/actual returns | $1,000.00 | $1,371.70 | $2.35 | 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 | $1,175.30 | $2.16 | 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 | $1,291.50 | $2.22 | 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 | $1,272.00 | $2.76 | 0.49% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,022.40 | 2.46 | 0.49% |
| | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 27 |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| | Account
value on
11-1-2020 | Ending
value on
4-30-2021 | Expenses
paid during
4-30-20211 | Annualized
expense
ratio |
| Multifactor Energy ETF |
| Actual expenses/actual returns | $1,000.00 | $1,774.40 | $2.75 | 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 | $1,505.40 | $2.48 | 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 | $1,205.90 | $2.19 | 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 | $1,351.00 | $2.33 | 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 | $1,312.10 | $1.66 | 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 | $1,363.70 | $2.34 | 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 | $1,319.10 | $2.30 | 0.40% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,022.80 | 2.01 | 0.40% |
| Multifactor Mid Cap ETF |
| Actual expenses/actual returns | $1,000.00 | $1,364.50 | $2.40 | 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 | $1,423.20 | $2.52 | 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 | $1,317.80 | $2.30 | 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 | $1,100.70 | $2.08 | 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). |
| 28 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | |
MULTIFACTOR CONSUMER DISCRETIONARY ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 100.0% | | $49,683,666 |
| (Cost $37,498,602) | | |
| Communication services – 0.6% | 280,206 |
| Entertainment – 0.6% | |
| Roku, Inc. (A) | 817 | 280,206 |
| Consumer discretionary – 92.7% | 46,060,063 |
| Auto components – 0.3% | |
| Fox Factory Holding Corp. (A) | 1,108 | 169,779 |
| Automobiles – 9.2% | |
| Ford Motor Company (A) | 48,203 | 556,263 |
| General Motors Company (A) | 17,672 | 1,011,192 |
| Harley-Davidson, Inc. | 4,130 | 199,768 |
| Tesla, Inc. (A) | 3,652 | 2,590,875 |
| Thor Industries, Inc. | 1,409 | 199,500 |
| Distributors – 1.6% | |
| Genuine Parts Company | 3,837 | 479,510 |
| LKQ Corp. (A) | 7,009 | 327,390 |
| Diversified consumer services – 1.5% | |
| Bright Horizons Family Solutions, Inc. (A) | 1,587 | 229,845 |
| Chegg, Inc. (A) | 2,506 | 226,367 |
| Grand Canyon Education, Inc. (A) | 1,109 | 120,094 |
| Terminix Global Holdings, Inc. (A) | 3,049 | 155,164 |
| Hotels, restaurants and leisure – 21.5% | |
| Airbnb, Inc., Class A (A)(B) | 189 | 32,642 |
| Booking Holdings, Inc. (A) | 288 | 710,231 |
| Boyd Gaming Corp. (A) | 1,482 | 98,034 |
| Caesars Entertainment, Inc. (A) | 4,328 | 423,452 |
| Carnival Corp. (A) | 15,551 | 434,806 |
| Chipotle Mexican Grill, Inc. (A) | 284 | 423,737 |
| Choice Hotels International, Inc. (A) | 729 | 82,960 |
| Churchill Downs, Inc. | 816 | 172,584 |
| Darden Restaurants, Inc. | 3,479 | 510,439 |
| Domino's Pizza, Inc. | 734 | 309,998 |
| DraftKings, Inc., Class A (A)(B) | 6,654 | 377,016 |
| Expedia Group, Inc. (A) | 2,955 | 520,760 |
| Hilton Worldwide Holdings, Inc. (A) | 5,017 | 645,688 |
| Hyatt Hotels Corp., Class A (A) | 973 | 80,107 |
| Las Vegas Sands Corp. (A) | 4,429 | 271,321 |
| Marriott International, Inc., Class A (A) | 2,885 | 428,480 |
| Marriott Vacations Worldwide Corp. (A) | 906 | 160,933 |
| McDonald's Corp. | 4,534 | 1,070,387 |
| MGM Resorts International | 10,268 | 418,113 |
| Norwegian Cruise Line Holdings, Ltd. (A) | 6,778 | 210,457 |
| Penn National Gaming, Inc. (A) | 3,356 | 299,087 |
| Planet Fitness, Inc., Class A (A) | 1,704 | 143,119 |
| Royal Caribbean Cruises, Ltd. (A) | 4,451 | 387,014 |
| Starbucks Corp. | 7,114 | 814,482 |
| Texas Roadhouse, Inc. (A) | 1,742 | 186,429 |
| Vail Resorts, Inc. (A) | 1,113 | 361,903 |
| Wyndham Hotels & Resorts, Inc. | 2,300 | 168,153 |
MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Hotels, restaurants and leisure (continued) | |
| Wynn Resorts, Ltd. (A) | 2,185 | $280,554 |
| Yum! Brands, Inc. | 5,517 | 659,392 |
| Household durables – 2.9% | |
| Garmin, Ltd. | 3,944 | 541,275 |
| Helen of Troy, Ltd. (A) | 649 | 137,075 |
| Tempur Sealy International, Inc. | 7,216 | 275,218 |
| Whirlpool Corp. | 1,954 | 462,023 |
| Internet and direct marketing retail – 10.5% | |
| Amazon.com, Inc. (A) | 836 | 2,898,761 |
| Chewy, Inc., Class A (A)(B) | 683 | 54,449 |
| DoorDash, Inc., Class A (A) | 164 | 23,480 |
| eBay, Inc. | 21,897 | 1,221,634 |
| Etsy, Inc. (A) | 2,171 | 431,573 |
| GrubHub, Inc. (A) | 2,211 | 150,436 |
| Qurate Retail, Inc., Series A | 10,925 | 130,008 |
| Stitch Fix, Inc., Class A (A) | 712 | 30,844 |
| Wayfair, Inc., Class A (A) | 921 | 272,220 |
| Leisure products – 3.1% | |
| Brunswick Corp. | 2,400 | 257,112 |
| Hasbro, Inc. | 2,775 | 275,974 |
| Mattel, Inc. (A) | 8,676 | 186,187 |
| Peloton Interactive, Inc., Class A (A) | 4,191 | 412,185 |
| Polaris, Inc. | 1,715 | 240,151 |
| YETI Holdings, Inc. (A) | 2,117 | 180,834 |
| Multiline retail – 6.7% | |
| Dollar General Corp. | 3,512 | 754,202 |
| Dollar Tree, Inc. (A) | 6,427 | 738,462 |
| Kohl's Corp. | 2,888 | 169,410 |
| Nordstrom, Inc. (A) | 1,336 | 49,004 |
| Ollie's Bargain Outlet Holdings, Inc. (A) | 1,518 | 140,066 |
| Target Corp. | 7,059 | 1,463,048 |
| Specialty retail – 26.8% | |
| Advance Auto Parts, Inc. | 1,769 | 354,083 |
| AutoNation, Inc. (A) | 2,174 | 222,792 |
| AutoZone, Inc. (A) | 436 | 638,356 |
| Best Buy Company, Inc. | 9,758 | 1,134,563 |
| Burlington Stores, Inc. (A) | 1,008 | 328,941 |
| CarMax, Inc. (A) | 4,583 | 610,639 |
| Carvana Company (A) | 615 | 175,435 |
| Dick's Sporting Goods, Inc. | 1,807 | 149,222 |
| Five Below, Inc. (A) | 1,544 | 310,761 |
| Floor & Decor Holdings, Inc., Class A (A) | 2,595 | 287,837 |
| GameStop Corp., Class A (A) | 621 | 107,799 |
| L Brands, Inc. (A) | 4,197 | 276,582 |
| Lithia Motors, Inc., Class A | 685 | 263,300 |
| Lowe's Companies, Inc. | 6,521 | 1,279,746 |
| O'Reilly Automotive, Inc. (A) | 1,455 | 804,440 |
| Penske Automotive Group, Inc. | 807 | 70,766 |
| RH (A) | 376 | 258,696 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 29 |
MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Specialty retail (continued) | |
| Ross Stores, Inc. | 4,626 | $605,728 |
| The Gap, Inc. | 6,666 | 220,645 |
| The Home Depot, Inc. | 7,860 | 2,544,046 |
| The TJX Companies, Inc. | 9,571 | 679,541 |
| Tractor Supply Company | 4,712 | 888,683 |
| Ulta Beauty, Inc. (A) | 1,514 | 498,636 |
| Vroom, Inc. (A) | 2,502 | 115,768 |
| Williams-Sonoma, Inc. | 3,007 | 513,445 |
| Textiles, apparel and luxury goods – 8.6% | |
| Capri Holdings, Ltd. (A) | 3,286 | 180,993 |
| Columbia Sportswear Company | 866 | 94,403 |
| Deckers Outdoor Corp. (A) | 849 | 287,132 |
| Hanesbrands, Inc. | 15,582 | 328,157 |
| Levi Strauss & Company, Class A | 1,465 | 42,280 |
| Lululemon Athletica, Inc. (A) | 1,418 | 475,413 |
| NIKE, Inc., Class B | 9,215 | 1,222,093 |
| PVH Corp. (A) | 1,532 | 173,392 |
| Ralph Lauren Corp. (A) | 1,268 | 169,012 |
| Skechers U.S.A., Inc., Class A (A) | 3,031 | 146,973 |
| Tapestry, Inc. (A) | 5,959 | 285,138 |
| Under Armour, Inc., Class A (A) | 4,341 | 105,530 |
| Under Armour, Inc., Class C (A) | 4,495 | 89,495 |
| VF Corp. | 7,711 | 675,946 |
| Consumer staples – 1.0% | 523,105 |
| Personal products – 1.0% | |
| The Estee Lauder Companies, Inc., Class A | 1,667 | 523,105 |
| Industrials – 5.7% | 2,820,292 |
| Building products – 1.8% | |
| Allegion PLC | 3,460 | 464,955 |
| Fortune Brands Home & Security, Inc. | 3,886 | 407,952 |
| Commercial services and supplies – 1.8% | |
| Copart, Inc. (A) | 5,718 | 711,948 |
| Rollins, Inc. | 5,580 | 208,022 |
| Machinery – 0.1% | |
| Nikola Corp. (A)(B) | 3,322 | 38,436 |
| Road and rail – 1.6% | |
| Lyft, Inc., Class A (A) | 4,806 | 267,502 |
| Uber Technologies, Inc. (A) | 9,318 | 510,347 |
| Trading companies and distributors – 0.4% | |
| SiteOne Landscape Supply, Inc. (A) | 1,177 | 211,130 |
|
| SHORT-TERM INVESTMENTS – 0.3% | | $128,929 |
| (Cost $128,931) | | |
| Short-term funds – 0.3% | 128,929 |
| John Hancock Collateral Trust, 0.0360% (C)(D) | 6,737 | 67,404 |
MULTIFACTOR CONSUMER DISCRETIONARY ETF (continued)
| | Shares or
Principal
Amount | Value |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 61,525 | $61,525 |
| Total investments (Multifactor Consumer Discretionary ETF) (Cost $37,627,533) 100.3% | $49,812,595 |
| Other assets and liabilities, net (0.3%) | | (124,440) |
| Total net assets 100.0% | | $49,688,155 |
| 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 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (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 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 99.9% | | $21,836,742 |
| (Cost $19,169,587) | | |
| Consumer discretionary – 1.0% | 228,486 |
| Household durables – 1.0% | |
| Newell Brands, Inc. | 8,475 | 228,486 |
| Consumer staples – 95.4% | 20,854,914 |
| Beverages – 20.0% | |
| Brown-Forman Corp., Class A | 585 | 41,740 |
| Brown-Forman Corp., Class B | 5,322 | 405,962 |
| Constellation Brands, Inc., Class A | 1,681 | 403,978 |
| Keurig Dr. Pepper, Inc. | 6,814 | 244,282 |
| Molson Coors Beverage Company, Class B (A) | 4,188 | 230,131 |
| Monster Beverage Corp. (A) | 3,218 | 312,307 |
| PepsiCo, Inc. | 8,495 | 1,224,639 |
| The Boston Beer Company, Inc., Class A (A) | 152 | 184,906 |
| The Coca-Cola Company | 24,294 | 1,311,390 |
| Food and staples retailing – 22.8% | |
| Albertsons Companies, Inc., Class A (B) | 3,702 | 68,746 |
| BJ's Wholesale Club Holdings, Inc. (A) | 3,084 | 137,762 |
| Casey's General Stores, Inc. | 890 | 197,749 |
| Costco Wholesale Corp. | 3,504 | 1,303,803 |
| Performance Food Group Company (A) | 2,722 | 159,781 |
| Sysco Corp. | 4,636 | 392,808 |
| The Kroger Company | 24,246 | 885,949 |
| U.S. Foods Holding Corp. (A) | 4,517 | 187,275 |
| Walgreens Boots Alliance, Inc. | 7,137 | 378,975 |
| Walmart, Inc. | 9,119 | 1,275,839 |
| Food products – 30.6% | |
| Archer-Daniels-Midland Company | 11,589 | 731,614 |
| Beyond Meat, Inc. (A)(B) | 552 | 72,687 |
| Bunge, Ltd. | 3,283 | 277,151 |
| 30 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR CONSUMER STAPLES ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer staples (continued) | |
| Food products (continued) | |
| Campbell Soup Company | 6,006 | $286,787 |
| Conagra Brands, Inc. | 10,192 | 378,021 |
| Darling Ingredients, Inc. (A) | 3,500 | 243,075 |
| Freshpet, Inc. (A) | 594 | 109,783 |
| General Mills, Inc. | 7,453 | 453,590 |
| Hormel Foods Corp. | 5,480 | 253,176 |
| Ingredion, Inc. | 1,655 | 154,594 |
| Kellogg Company | 6,937 | 433,008 |
| Lamb Weston Holdings, Inc. | 3,079 | 247,860 |
| McCormick & Company, Inc. | 4,950 | 447,282 |
| Mondelez International, Inc., Class A | 13,820 | 840,394 |
| Pilgrim's Pride Corp. (A) | 1,421 | 34,047 |
| Post Holdings, Inc. (A) | 1,585 | 180,341 |
| The Hershey Company | 3,091 | 507,851 |
| The J.M. Smucker Company | 2,294 | 300,491 |
| The Kraft Heinz Company | 6,892 | 284,571 |
| Tyson Foods, Inc., Class A | 5,873 | 454,864 |
| Household products – 15.1% | |
| Church & Dwight Company, Inc. | 5,276 | 452,364 |
| Colgate-Palmolive Company | 8,373 | 675,701 |
| Kimberly-Clark Corp. | 2,803 | 373,696 |
| Reynolds Consumer Products, Inc. | 1,694 | 49,668 |
| The Clorox Company | 2,648 | 483,260 |
| The Procter & Gamble Company | 9,555 | 1,274,828 |
| Personal products – 0.4% | |
| Herbalife Nutrition, Ltd. (A) | 1,978 | 90,533 |
| Tobacco – 6.5% | |
| Altria Group, Inc. | 12,971 | 619,365 |
| Philip Morris International, Inc. | 8,382 | 796,290 |
| Materials – 3.5% | 753,342 |
| Chemicals – 3.5% | |
| Corteva, Inc. | 15,450 | 753,342 |
|
| SHORT-TERM INVESTMENTS – 0.8% | | $177,394 |
| (Cost $177,402) | | |
| Short-term funds – 0.8% | 177,394 |
| John Hancock Collateral Trust, 0.0360% (C)(D) | 13,330 | 133,358 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 44,036 | 44,036 |
| Total investments (Multifactor Consumer Staples ETF) (Cost $19,346,989) 100.7% | $22,014,136 |
| Other assets and liabilities, net (0.7%) | | (162,072) |
| Total net assets 100.0% | | $21,852,064 |
| 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 4-30-21. |
MULTIFACTOR CONSUMER STAPLES ETF (continued)
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (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 DEVELOPED INTERNATIONAL ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS - 98.0% | $474,952,385 |
| (Cost $393,489,611) | | |
| Australia - 7.1% | 34,243,724 |
| Afterpay, Ltd. (A) | 2,358 | 214,292 |
| AGL Energy, Ltd. | 53,921 | 371,946 |
| Ampol, Ltd. | 3,517 | 69,521 |
| APA Group | 69,632 | 539,486 |
| Aristocrat Leisure, Ltd. | 14,577 | 418,534 |
| ASX, Ltd. | 2,066 | 116,467 |
| Aurizon Holdings, Ltd. | 224,836 | 651,280 |
| Australia & New Zealand Banking Group, Ltd. | 59,250 | 1,315,363 |
| BHP Group PLC | 52,016 | 1,573,250 |
| BHP Group, Ltd. | 64,278 | 2,368,379 |
| BlueScope Steel, Ltd. | 13,249 | 221,263 |
| Brambles, Ltd. | 61,599 | 494,854 |
| CIMIC Group, Ltd. (A)(B) | 3,031 | 45,421 |
| Cochlear, Ltd. | 3,757 | 645,716 |
| Coles Group, Ltd. | 28,880 | 364,072 |
| Commonwealth Bank of Australia | 34,901 | 2,400,454 |
| Computershare, Ltd. | 31,824 | 347,104 |
| Crown Resorts, Ltd. (A) | 22,643 | 213,735 |
| CSL, Ltd. | 10,664 | 2,233,656 |
| Dexus | 25,428 | 199,758 |
| Domino's Pizza Enterprises, Ltd. | 1,687 | 138,978 |
| Evolution Mining, Ltd. | 86,650 | 309,899 |
| Fortescue Metals Group, Ltd. | 48,592 | 847,913 |
| Goodman Group | 22,067 | 322,333 |
| Insurance Australia Group, Ltd. | 44,869 | 169,829 |
| Lendlease Corp., Ltd. | 38,273 | 375,758 |
| Macquarie Group, Ltd. | 9,205 | 1,141,149 |
| Magellan Financial Group, Ltd. | 7,617 | 285,362 |
| Medibank Private, Ltd. | 205,952 | 489,990 |
| Mirvac Group | 87,296 | 181,392 |
| National Australia Bank, Ltd. | 53,924 | 1,110,485 |
| Newcrest Mining, Ltd. | 14,480 | 296,628 |
| Northern Star Resources, Ltd. | 55,041 | 446,848 |
| Oil Search, Ltd. | 103,166 | 302,824 |
| Origin Energy, Ltd. | 111,554 | 358,467 |
| Qantas Airways, Ltd. (A) | 73,795 | 282,165 |
| QBE Insurance Group, Ltd. | 58,811 | 447,926 |
| Ramsay Health Care, Ltd. | 10,821 | 562,707 |
| REA Group, Ltd. | 1,498 | 183,232 |
| Reece, Ltd. | 6,956 | 108,914 |
| Rio Tinto, Ltd. | 17,411 | 1,629,362 |
| Santos, Ltd. | 185,324 | 999,212 |
| Scentre Group | 81,564 | 171,371 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 31 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Australia (continued) | |
| SEEK, Ltd. (A) | 9,495 | $227,147 |
| Sonic Healthcare, Ltd. | 33,165 | 919,185 |
| South32, Ltd. | 232,658 | 517,584 |
| Stockland | 69,558 | 251,457 |
| Suncorp Group, Ltd. | 64,804 | 526,108 |
| Sydney Airport (A) | 47,551 | 227,364 |
| Tabcorp Holdings, Ltd. | 125,164 | 480,514 |
| Telstra Corp., Ltd. | 164,006 | 429,467 |
| The GPT Group | 46,278 | 165,153 |
| TPG Telecom, Ltd. | 8,296 | 35,309 |
| Transurban Group | 24,266 | 265,606 |
| Treasury Wine Estates, Ltd. | 32,443 | 251,608 |
| Vicinity Centres | 79,918 | 97,846 |
| Wesfarmers, Ltd. | 21,029 | 878,955 |
| Westpac Banking Corp. | 77,589 | 1,497,142 |
| WiseTech Global, Ltd. | 2,760 | 67,008 |
| Woodside Petroleum, Ltd. | 24,086 | 425,316 |
| Woolworths Group, Ltd. | 33,391 | 1,013,660 |
| Austria - 0.1% | 705,731 |
| Erste Group Bank AG | 7,101 | 253,026 |
| OMV AG | 3,405 | 168,097 |
| Raiffeisen Bank International AG | 5,553 | 121,595 |
| Telekom Austria AG | 2,500 | 20,465 |
| Verbund AG | 748 | 61,500 |
| voestalpine AG | 1,865 | 81,048 |
| Belgium - 1.0% | 4,857,511 |
| Ackermans & van Haaren NV | 1,999 | 320,051 |
| Ageas SA/NV | 15,067 | 913,412 |
| Anheuser-Busch InBev SA/NV | 20,413 | 1,445,639 |
| Elia Group SA/NV (B) | 2,700 | 292,523 |
| Etablissements Franz Colruyt NV | 3,745 | 222,391 |
| Galapagos NV (A) | 1,011 | 78,813 |
| KBC Group NV (A) | 7,059 | 549,116 |
| Proximus SADP | 10,306 | 219,965 |
| Solvay SA (B) | 1,787 | 227,596 |
| Telenet Group Holding NV (B) | 1,142 | 48,968 |
| UCB SA | 1,380 | 128,015 |
| Umicore SA | 5,377 | 327,266 |
| Warehouses De Pauw CVA | 2,373 | 83,756 |
| Chile - 0.1% | 240,905 |
| Antofagasta PLC | 9,327 | 240,905 |
| Czech Republic - 0.0% | 217,587 |
| Avast PLC (C) | 32,898 | 217,587 |
| Denmark - 2.6% | 12,613,173 |
| A.P. Moller - Maersk A/S, Series A | 80 | 188,421 |
| A.P. Moller - Maersk A/S, Series B | 89 | 221,432 |
| Ambu A/S, Class B | 3,065 | 171,963 |
| Carlsberg A/S, Class B | 5,108 | 897,547 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Denmark (continued) | |
| Chr. Hansen Holding A/S (A) | 6,115 | $562,834 |
| Coloplast A/S, B Shares | 2,539 | 420,656 |
| Danske Bank A/S | 35,655 | 681,339 |
| DSV Panalpina A/S | 6,012 | 1,342,510 |
| Genmab A/S (A) | 5,034 | 1,849,762 |
| GN Store Nord A/S | 6,951 | 628,303 |
| Novo Nordisk A/S, B Shares | 36,138 | 2,650,251 |
| Novozymes A/S, B Shares | 14,726 | 1,049,567 |
| Orsted A/S (C) | 5,149 | 751,973 |
| Vestas Wind Systems A/S | 28,630 | 1,196,615 |
| Finland - 1.4% | 6,574,549 |
| Elisa OYJ | 8,649 | 491,326 |
| Fortum OYJ | 14,157 | 372,372 |
| Kesko OYJ, A Shares | 6,844 | 196,084 |
| Kesko OYJ, B Shares | 15,630 | 476,782 |
| Kone OYJ, Class B | 9,575 | 753,134 |
| Metso Outotec OYJ | 38,643 | 434,668 |
| Neste OYJ | 10,680 | 647,972 |
| Nokia OYJ (A) | 97,796 | 464,138 |
| Nordea Bank ABP | 63,752 | 661,078 |
| Orion OYJ, Class A | 561 | 24,852 |
| Orion OYJ, Class B | 5,513 | 244,424 |
| Sampo OYJ, A Shares | 6,748 | 320,949 |
| Stora Enso OYJ, R Shares | 48,069 | 921,797 |
| UPM-Kymmene OYJ | 9,182 | 359,785 |
| Wartsila OYJ ABP | 15,878 | 205,188 |
| France - 10.0% | 48,618,408 |
| Air Liquide SA | 10,602 | 1,788,307 |
| Airbus SE (A) | 10,797 | 1,298,963 |
| Alstom SA (A) | 9,636 | 527,096 |
| AXA SA (B) | 44,845 | 1,269,983 |
| BNP Paribas SA (A) | 21,917 | 1,408,625 |
| Bouygues SA (B) | 35,467 | 1,521,656 |
| Capgemini SE | 12,161 | 2,231,046 |
| Cie de Saint-Gobain | 31,126 | 1,967,147 |
| Cie Generale des Etablissements Michelin SCA | 22,149 | 3,208,887 |
| Credit Agricole SA (A) | 73,950 | 1,145,878 |
| Danone SA (B) | 12,189 | 860,285 |
| Dassault Systemes SE | 1,899 | 441,087 |
| Electricite de France SA (A) | 58,893 | 859,252 |
| Engie SA | 113,006 | 1,682,773 |
| EssilorLuxottica SA | 5,123 | 853,522 |
| Faurecia SE | 2,341 | 126,532 |
| Hermes International | 587 | 737,722 |
| Kering SA | 1,233 | 989,276 |
| Legrand SA | 18,088 | 1,763,721 |
| L'Oreal SA | 2,722 | 1,119,499 |
| LVMH Moet Hennessy Louis Vuitton SE | 5,315 | 4,006,550 |
| Orange SA | 256,602 | 3,197,088 |
| Pernod Ricard SA | 4,224 | 867,984 |
| 32 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| France (continued) | |
| Safran SA | 8,584 | $1,283,204 |
| Sanofi (B) | 19,239 | 2,021,165 |
| Sartorius Stedim Biotech | 1,395 | 641,493 |
| Schneider Electric SE | 5,684 | 910,176 |
| Societe Generale SA (A) | 40,659 | 1,158,535 |
| Teleperformance | 2,719 | 1,051,002 |
| Thales SA | 7,018 | 716,244 |
| TOTAL SE | 52,469 | 2,325,947 |
| Veolia Environnement SA | 14,216 | 453,329 |
| Vinci SA (B) | 13,840 | 1,522,778 |
| Vivendi SE | 53,243 | 1,858,723 |
| Worldline SA (A)(C) | 8,171 | 802,933 |
| Germany - 8.4% | 40,930,813 |
| adidas AG (A) | 3,365 | 1,040,444 |
| Allianz SE | 8,781 | 2,287,470 |
| BASF SE | 20,832 | 1,682,202 |
| Bayer AG | 41,799 | 2,708,094 |
| Bayerische Motoren Werke AG | 16,477 | 1,654,240 |
| Beiersdorf AG | 3,817 | 431,461 |
| Continental AG | 8,406 | 1,139,820 |
| Covestro AG (C) | 5,326 | 348,910 |
| CureVac NV (A) | 189 | 22,102 |
| Daimler AG | 27,299 | 2,433,470 |
| Delivery Hero SE (A)(C) | 3,378 | 536,973 |
| Deutsche Bank AG (A) | 112,997 | 1,578,715 |
| Deutsche Boerse AG | 10,247 | 1,767,654 |
| Deutsche Post AG | 20,586 | 1,213,174 |
| Deutsche Telekom AG | 94,957 | 1,828,947 |
| Deutsche Wohnen SE | 29,923 | 1,620,958 |
| E.ON SE | 88,761 | 1,071,283 |
| Evonik Industries AG | 16,676 | 584,571 |
| Fresenius Medical Care AG & Company KGaA | 23,052 | 1,835,939 |
| Fresenius SE & Company KGaA | 43,984 | 2,164,511 |
| Hannover Rueck SE | 3,401 | 629,676 |
| Hapag-Lloyd AG (C) | 725 | 132,048 |
| HeidelbergCement AG | 10,915 | 1,001,491 |
| Henkel AG & Company KGaA | 1,581 | 157,395 |
| Infineon Technologies AG | 14,188 | 573,274 |
| Knorr-Bremse AG | 3,376 | 414,531 |
| Merck KGaA | 1,833 | 322,489 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 3,500 | 1,013,930 |
| Puma SE | 2,829 | 298,735 |
| RWE AG | 36,360 | 1,380,511 |
| SAP SE | 15,530 | 2,182,829 |
| Siemens AG | 8,406 | 1,404,739 |
| Siemens Energy AG (A) | 15,356 | 513,898 |
| Siemens Healthineers AG (C) | 3,249 | 185,701 |
| Symrise AG | 7,335 | 948,328 |
| Volkswagen AG | 1,450 | 461,164 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Germany (continued) | |
| Vonovia SE | 14,811 | $974,203 |
| Zalando SE (A)(C) | 3,695 | 384,933 |
| Hong Kong - 3.0% | 14,353,845 |
| AIA Group, Ltd. | 265,924 | 3,386,171 |
| BOC Hong Kong Holdings, Ltd. | 89,795 | 316,780 |
| Budweiser Brewing Company APAC, Ltd. (C) | 9,400 | 29,712 |
| Chow Tai Fook Jewellery Group, Ltd. | 55,600 | 89,769 |
| CK Asset Holdings, Ltd. | 127,396 | 799,623 |
| CK Hutchison Holdings, Ltd. | 69,273 | 568,144 |
| CK Infrastructure Holdings, Ltd. | 39,929 | 244,709 |
| CLP Holdings, Ltd. | 171,571 | 1,693,211 |
| Galaxy Entertainment Group, Ltd. (A) | 21,641 | 190,585 |
| Hang Lung Properties, Ltd. | 92,000 | 251,119 |
| Hang Seng Bank, Ltd. | 18,389 | 361,063 |
| Henderson Land Development Company, Ltd. | 86,398 | 384,332 |
| Hong Kong & China Gas Company, Ltd. | 104,158 | 167,096 |
| Hong Kong Exchanges & Clearing, Ltd. | 27,725 | 1,677,739 |
| Hongkong Land Holdings, Ltd. | 33,100 | 163,845 |
| Link REIT | 45,010 | 425,653 |
| MTR Corp., Ltd. | 38,913 | 216,939 |
| New World Development Company, Ltd. | 128,265 | 678,743 |
| Power Assets Holdings, Ltd. | 89,073 | 547,614 |
| Sun Hung Kai Properties, Ltd. | 40,662 | 614,104 |
| Swire Properties, Ltd. | 72,401 | 216,266 |
| Techtronic Industries Company, Ltd. | 44,577 | 812,698 |
| Wharf Real Estate Investment Company, Ltd. | 89,993 | 517,930 |
| Ireland - 1.0% | 4,791,377 |
| CRH PLC | 30,011 | 1,417,271 |
| DCC PLC | 4,810 | 418,495 |
| Experian PLC | 22,586 | 873,099 |
| Flutter Entertainment PLC (A) | 2,303 | 470,884 |
| James Hardie Industries PLC, CHESS Depositary Interest | 11,196 | 371,014 |
| Kerry Group PLC, Class A | 1,435 | 186,219 |
| Kingspan Group PLC | 7,615 | 678,903 |
| Smurfit Kappa Group PLC | 7,329 | 375,492 |
| Isle of Man - 0.1% | 636,149 |
| Entain PLC (A) | 27,163 | 636,149 |
| Israel - 0.4% | 1,937,846 |
| Azrieli Group, Ltd. | 604 | 42,553 |
| Bank Hapoalim BM (A) | 26,788 | 213,917 |
| Bank Leumi Le-Israel BM (A) | 34,238 | 241,530 |
| Check Point Software Technologies, Ltd. (A) | 2,903 | 339,099 |
| Elbit Systems, Ltd. | 583 | 80,331 |
| Fiverr International, Ltd. (A) | 63 | 13,108 |
| ICL Group, Ltd. | 17,657 | 113,509 |
| Mizrahi Tefahot Bank, Ltd. (A) | 4,792 | 135,190 |
| Nice, Ltd. (A) | 1,102 | 266,653 |
| Teva Pharmaceutical Industries, Ltd. (A) | 35,167 | 367,029 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 33 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Israel (continued) | |
| Wix.com, Ltd. (A) | 393 | $124,927 |
| Italy - 2.0% | 9,581,944 |
| Amplifon SpA (A) | 5,705 | 241,262 |
| Assicurazioni Generali SpA | 22,020 | 442,280 |
| Atlantia SpA (A) | 10,476 | 204,614 |
| Davide Campari-Milano NV | 22,051 | 260,459 |
| DiaSorin SpA | 1,420 | 241,452 |
| Enel SpA | 138,737 | 1,380,685 |
| Eni SpA | 60,652 | 725,018 |
| Ferrari NV | 3,128 | 670,821 |
| FinecoBank Banca Fineco SpA (A) | 31,439 | 541,958 |
| Hera SpA | 77,337 | 311,414 |
| Infrastrutture Wireless Italiane SpA (C) | 14,217 | 166,010 |
| Intesa Sanpaolo SpA (A) | 286,906 | 801,621 |
| Mediobanca Banca di Credito Finanziario SpA (A) | 50,183 | 567,977 |
| Moncler SpA (A) | 5,448 | 334,605 |
| Nexi SpA (A)(C) | 10,508 | 201,633 |
| Poste Italiane SpA (C) | 16,618 | 218,052 |
| PRADA SpA | 13,900 | 86,530 |
| Prysmian SpA | 9,937 | 311,614 |
| Recordati Industria Chimica e Farmaceutica SpA | 6,258 | 345,330 |
| Snam SpA | 15,633 | 88,073 |
| Telecom Italia SpA | 871,413 | 478,662 |
| Terna Rete Elettrica Nazionale SpA | 61,265 | 452,092 |
| UniCredit SpA | 38,937 | 401,321 |
| UnipolSai Assicurazioni SpA | 34,841 | 108,461 |
| Japan - 24.8% | 120,367,163 |
| ABC-Mart, Inc. | 1,400 | 74,928 |
| Acom Company, Ltd. | 16,300 | 69,939 |
| Advantest Corp. | 5,100 | 484,315 |
| Aeon Company, Ltd. | 17,800 | 485,691 |
| AGC, Inc. | 10,700 | 487,498 |
| Aisin Corp. | 10,100 | 389,012 |
| Ajinomoto Company, Inc. | 45,000 | 900,165 |
| Alfresa Holdings Corp. | 5,200 | 93,101 |
| ANA Holdings, Inc. (A) | 8,000 | 183,340 |
| Asahi Group Holdings, Ltd. | 7,400 | 309,053 |
| Asahi Intecc Company, Ltd. | 8,300 | 223,399 |
| Asahi Kasei Corp. | 53,700 | 565,716 |
| Astellas Pharma, Inc. | 32,600 | 489,276 |
| Azbil Corp. | 1,800 | 72,787 |
| Bandai Namco Holdings, Inc. | 5,001 | 367,211 |
| Bridgestone Corp. | 29,400 | 1,177,291 |
| Brother Industries, Ltd. | 13,500 | 285,426 |
| Canon, Inc. | 20,200 | 481,045 |
| Capcom Company, Ltd. | 7,800 | 253,328 |
| Central Japan Railway Company | 4,544 | 664,524 |
| Chubu Electric Power Company, Inc. | 30,200 | 364,842 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Japan (continued) | |
| Chugai Pharmaceutical Company, Ltd. | 11,400 | $427,715 |
| Concordia Financial Group, Ltd. | 72,200 | 270,820 |
| Cosmos Pharmaceutical Corp. | 700 | 100,480 |
| CyberAgent, Inc. | 22,400 | 460,685 |
| Dai Nippon Printing Company, Ltd. | 19,324 | 383,810 |
| Daifuku Company, Ltd. | 4,600 | 455,350 |
| Dai-ichi Life Holdings, Inc. | 27,400 | 492,701 |
| Daiichi Sankyo Company, Ltd. | 18,600 | 474,253 |
| Daikin Industries, Ltd. | 5,547 | 1,112,902 |
| Daito Trust Construction Company, Ltd. | 3,686 | 391,851 |
| Daiwa House Industry Company, Ltd. | 24,600 | 728,064 |
| Daiwa House REIT Investment Corp. | 43 | 115,304 |
| Daiwa Securities Group, Inc. | 84,500 | 450,002 |
| Denso Corp. | 8,400 | 542,478 |
| Dentsu Group, Inc. | 7,500 | 230,548 |
| Disco Corp. | 1,698 | 549,922 |
| East Japan Railway Company | 8,800 | 602,124 |
| Eisai Company, Ltd. | 3,972 | 259,058 |
| ENEOS Holdings, Inc. | 77,700 | 334,955 |
| FANUC Corp. | 1,970 | 453,728 |
| Fast Retailing Company, Ltd. | 1,519 | 1,246,690 |
| Fuji Electric Company, Ltd. | 10,893 | 495,793 |
| FUJIFILM Holdings Corp. | 9,800 | 635,402 |
| Fujitsu, Ltd. | 3,300 | 525,470 |
| GLP J-REIT | 65 | 108,943 |
| GMO Payment Gateway, Inc. | 2,500 | 319,061 |
| Hakuhodo DY Holdings, Inc. (B) | 11,300 | 190,323 |
| Hamamatsu Photonics KK | 3,700 | 214,610 |
| Hankyu Hanshin Holdings, Inc. | 20,600 | 648,314 |
| Hikari Tsushin, Inc. | 541 | 108,789 |
| Hino Motors, Ltd. | 23,700 | 198,394 |
| Hirose Electric Company, Ltd. | 1,005 | 160,075 |
| Hisamitsu Pharmaceutical Company, Inc. | 1,500 | 87,279 |
| Hitachi Construction Machinery Company, Ltd. | 8,700 | 267,037 |
| Hitachi Metals, Ltd. (A) | 17,200 | 333,599 |
| Hitachi, Ltd. | 30,200 | 1,486,722 |
| Honda Motor Company, Ltd. | 39,654 | 1,172,515 |
| Hoshizaki Corp. | 2,100 | 186,359 |
| Hoya Corp. | 9,600 | 1,092,137 |
| Hulic Company, Ltd. | 39,400 | 448,411 |
| Idemitsu Kosan Company, Ltd. | 17,959 | 429,978 |
| Iida Group Holdings Company, Ltd. | 8,600 | 209,522 |
| Inpex Corp. | 45,400 | 309,852 |
| Isuzu Motors, Ltd. | 32,200 | 325,815 |
| ITOCHU Corp. | 35,900 | 1,119,319 |
| Itochu Techno-Solutions Corp. | 5,100 | 176,835 |
| Japan Airlines Company, Ltd. (A) | 13,600 | 288,785 |
| Japan Exchange Group, Inc. | 21,000 | 492,123 |
| Japan Post Bank Company, Ltd. | 8,000 | 73,117 |
| Japan Post Holdings Company, Ltd. (A) | 24,500 | 205,674 |
| Japan Post Insurance Company, Ltd. | 9,100 | 175,331 |
| 34 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Japan (continued) | |
| Japan Real Estate Investment Corp. | 37 | $229,505 |
| Japan Retail Fund Investment Corp. | 101 | 99,517 |
| Japan Tobacco, Inc. | 38,000 | 710,599 |
| JFE Holdings, Inc. | 19,200 | 252,592 |
| JSR Corp. | 8,500 | 261,676 |
| Kajima Corp. | 37,800 | 522,190 |
| Kakaku.com, Inc. | 3,900 | 105,970 |
| Kansai Paint Company, Ltd. | 6,000 | 151,118 |
| Kao Corp. | 12,200 | 782,081 |
| KDDI Corp. | 61,300 | 1,854,058 |
| Keikyu Corp. | 10,100 | 129,178 |
| Keio Corp. | 4,670 | 303,344 |
| Keisei Electric Railway Company, Ltd. | 7,900 | 246,457 |
| Keyence Corp. | 1,770 | 850,468 |
| Kikkoman Corp. (B) | 7,700 | 472,687 |
| Kintetsu Group Holdings Company, Ltd. (A) | 7,200 | 257,884 |
| Kirin Holdings Company, Ltd. | 20,900 | 392,072 |
| Kobayashi Pharmaceutical Company, Ltd. | 1,200 | 107,040 |
| Kobe Bussan Company, Ltd. (B) | 4,200 | 112,277 |
| Koei Tecmo Holdings Company, Ltd. | 650 | 29,049 |
| Koito Manufacturing Company, Ltd. | 6,300 | 392,507 |
| Komatsu, Ltd. | 23,400 | 686,126 |
| Konami Holdings Corp. | 5,400 | 322,108 |
| Kose Corp. | 900 | 135,529 |
| Kubota Corp. | 20,900 | 491,405 |
| Kyocera Corp. | 7,900 | 479,688 |
| Kyowa Kirin Company, Ltd. | 2,600 | 78,972 |
| Lasertec Corp. | 3,800 | 672,357 |
| Lawson, Inc. | 4,300 | 192,763 |
| Lion Corp. (B) | 11,900 | 223,183 |
| Lixil Corp. | 34,400 | 931,873 |
| M3, Inc. | 10,600 | 734,790 |
| Makita Corp. | 7,800 | 350,734 |
| Marubeni Corp. | 85,000 | 706,564 |
| Mazda Motor Corp. (A) | 47,600 | 368,415 |
| Medipal Holdings Corp. | 4,100 | 75,320 |
| MEIJI Holdings Company, Ltd. | 3,500 | 216,779 |
| Mercari, Inc. (A) | 1,900 | 93,866 |
| MINEBEA MITSUMI, Inc. | 33,600 | 842,574 |
| MISUMI Group, Inc. | 11,400 | 321,230 |
| Mitsubishi Chemical Holdings Corp. | 55,700 | 414,546 |
| Mitsubishi Corp. | 33,500 | 925,575 |
| Mitsubishi Electric Corp. | 32,900 | 506,270 |
| Mitsubishi Estate Company, Ltd. | 13,500 | 221,758 |
| Mitsubishi HC Capital, Inc. | 55,500 | 317,854 |
| Mitsubishi Heavy Industries, Ltd. | 24,300 | 721,853 |
| Mitsubishi UFJ Financial Group, Inc. | 284,770 | 1,505,851 |
| Mitsui & Company, Ltd. | 41,000 | 864,036 |
| Mitsui Chemicals, Inc. | 18,400 | 579,077 |
| Mitsui Fudosan Company, Ltd. | 16,800 | 364,265 |
| Miura Company, Ltd. | 1,300 | 68,149 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Japan (continued) | |
| Mizuho Financial Group, Inc. | 50,400 | $707,781 |
| MonotaRO Company, Ltd. | 6,400 | 163,359 |
| MS&AD Insurance Group Holdings, Inc. | 11,600 | 328,457 |
| Murata Manufacturing Company, Ltd. | 10,300 | 820,099 |
| Nagoya Railroad Company, Ltd. (A) | 7,300 | 167,365 |
| NEC Corp. | 14,903 | 867,143 |
| Nexon Company, Ltd. | 4,600 | 152,555 |
| NGK Insulators, Ltd. | 15,400 | 280,512 |
| NH Foods, Ltd. | 3,392 | 151,283 |
| Nidec Corp. | 8,100 | 937,793 |
| Nihon M&A Center, Inc. | 13,800 | 361,586 |
| Nintendo Company, Ltd. | 2,017 | 1,156,816 |
| Nippon Building Fund, Inc. | 17 | 111,669 |
| Nippon Express Company, Ltd. | 10,800 | 825,031 |
| Nippon Paint Holdings Company, Ltd. (B) | 9,500 | 135,758 |
| Nippon Prologis REIT, Inc. | 49 | 157,349 |
| Nippon Sanso Holdings Corp. (B) | 17,500 | 328,850 |
| Nippon Shinyaku Company, Ltd. | 1,300 | 87,535 |
| Nippon Steel Corp. | 33,700 | 587,950 |
| Nippon Telegraph & Telephone Corp. | 75,066 | 1,892,016 |
| Nissan Chemical Corp. | 7,800 | 401,043 |
| Nissan Motor Company, Ltd. (A) | 55,200 | 276,593 |
| Nisshin Seifun Group, Inc. | 9,100 | 146,692 |
| Nissin Foods Holdings Company, Ltd. | 2,316 | 164,210 |
| Nitori Holdings Company, Ltd. | 2,101 | 376,933 |
| Nitto Denko Corp. | 13,494 | 1,118,482 |
| Nomura Holdings, Inc. | 72,900 | 391,428 |
| Nomura Real Estate Master Fund, Inc. | 111 | 175,480 |
| Nomura Research Institute, Ltd. | 9,200 | 283,226 |
| NSK, Ltd. | 38,800 | 357,100 |
| NTT Data Corp. | 19,800 | 307,583 |
| Obayashi Corp. | 55,700 | 508,055 |
| Obic Company, Ltd. | 700 | 135,319 |
| Odakyu Electric Railway Company, Ltd. | 14,300 | 386,593 |
| Oji Holdings Corp. | 75,200 | 474,020 |
| Olympus Corp. | 30,200 | 620,964 |
| Omron Corp. | 2,000 | 151,686 |
| Ono Pharmaceutical Company, Ltd. | 4,565 | 114,892 |
| Oracle Corp. Japan | 1,400 | 131,284 |
| Oriental Land Company, Ltd. | 2,100 | 297,310 |
| ORIX Corp. | 31,700 | 509,700 |
| Orix JREIT, Inc. | 36 | 63,499 |
| Osaka Gas Company, Ltd. | 35,300 | 680,778 |
| Otsuka Corp. | 6,700 | 337,743 |
| Otsuka Holdings Company, Ltd. | 7,200 | 276,723 |
| Pan Pacific International Holdings Corp. | 9,200 | 198,216 |
| Panasonic Corp. | 88,704 | 1,046,059 |
| PeptiDream, Inc. (A) | 5,200 | 222,881 |
| Pigeon Corp. | 5,000 | 169,480 |
| Pola Orbis Holdings, Inc. | 3,200 | 82,939 |
| Rakuten Group, Inc. | 8,900 | 113,097 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 35 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Japan (continued) | |
| Recruit Holdings Company, Ltd. | 23,900 | $1,079,933 |
| Renesas Electronics Corp. (A) | 20,100 | 234,459 |
| Resona Holdings, Inc. | 123,500 | 507,310 |
| Ricoh Company, Ltd. | 37,500 | 398,655 |
| Rohm Company, Ltd. | 4,900 | 485,495 |
| Ryohin Keikaku Company, Ltd. | 13,700 | 288,276 |
| Santen Pharmaceutical Company, Ltd. | 12,400 | 158,822 |
| SBI Holdings, Inc. | 13,600 | 384,465 |
| SCSK Corp. | 2,600 | 150,807 |
| Secom Company, Ltd. | 2,261 | 187,739 |
| Seiko Epson Corp. | 31,900 | 542,246 |
| Sekisui Chemical Company, Ltd. | 33,500 | 582,929 |
| Sekisui House, Ltd. | 23,700 | 478,965 |
| Seven & i Holdings Company, Ltd. | 31,000 | 1,332,684 |
| SG Holdings Company, Ltd. | 11,200 | 254,525 |
| Sharp Corp. | 10,300 | 174,046 |
| Shimadzu Corp. | 13,800 | 482,915 |
| Shimano, Inc. | 786 | 180,024 |
| Shimizu Corp. | 49,300 | 403,673 |
| Shin-Etsu Chemical Company, Ltd. | 4,298 | 725,476 |
| Shionogi & Company, Ltd. | 3,171 | 166,724 |
| Shiseido Company, Ltd. | 4,077 | 295,709 |
| SMC Corp. | 745 | 432,462 |
| SoftBank Corp. | 39,000 | 502,909 |
| SoftBank Group Corp. | 26,036 | 2,354,566 |
| Sohgo Security Services Company, Ltd. | 1,700 | 74,498 |
| Sompo Holdings, Inc. | 8,800 | 326,865 |
| Sony Group Corp. | 22,200 | 2,213,805 |
| Square Enix Holdings Company, Ltd. | 4,100 | 228,059 |
| Stanley Electric Company, Ltd. | 8,900 | 254,856 |
| Subaru Corp. | 15,200 | 281,945 |
| SUMCO Corp. | 16,800 | 435,274 |
| Sumitomo Chemical Company, Ltd. | 163,900 | 835,207 |
| Sumitomo Corp. | 30,100 | 409,760 |
| Sumitomo Dainippon Pharma Company, Ltd. | 7,900 | 136,961 |
| Sumitomo Electric Industries, Ltd. | 41,000 | 609,908 |
| Sumitomo Metal Mining Company, Ltd. | 15,500 | 657,834 |
| Sumitomo Mitsui Financial Group, Inc. | 32,100 | 1,116,547 |
| Sumitomo Mitsui Trust Holdings, Inc. | 11,275 | 383,724 |
| Sumitomo Realty & Development Company, Ltd. | 5,200 | 173,119 |
| Sundrug Company, Ltd. | 4,300 | 146,540 |
| Suntory Beverage & Food, Ltd. | 4,200 | 141,787 |
| Suzuki Motor Corp. | 9,400 | 356,633 |
| Sysmex Corp. | 3,948 | 394,601 |
| T&D Holdings, Inc. | 36,900 | 452,030 |
| Taisei Corp. | 22,261 | 820,748 |
| Taisho Pharmaceutical Holdings Company, Ltd. | 2,729 | 160,786 |
| Taiyo Yuden Company, Ltd. | 3,600 | 165,336 |
| Takeda Pharmaceutical Company, Ltd. | 26,247 | 872,859 |
| TDK Corp. | 5,100 | 692,878 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Japan (continued) | |
| Terumo Corp. | 12,500 | $472,531 |
| The Chiba Bank, Ltd. | 54,200 | 338,177 |
| The Chugoku Electric Power Company, Inc. | 27,100 | 302,475 |
| The Kansai Electric Power Company, Inc. | 31,600 | 312,805 |
| The Shizuoka Bank, Ltd. (B) | 38,300 | 293,281 |
| Tobu Railway Company, Ltd. | 17,200 | 442,176 |
| Toho Company, Ltd. | 4,600 | 183,066 |
| Toho Gas Company, Ltd. | 2,600 | 144,385 |
| Tohoku Electric Power Company, Inc. | 68,400 | 602,618 |
| Tokio Marine Holdings, Inc. | 16,500 | 789,488 |
| Tokyo Century Corp. | 4,700 | 290,243 |
| Tokyo Electric Power Company Holdings, Inc. (A) | 192,800 | 569,731 |
| Tokyo Electron, Ltd. | 3,057 | 1,351,395 |
| Tokyo Gas Company, Ltd. | 15,800 | 319,888 |
| Tokyu Corp. | 21,000 | 269,933 |
| Toppan Printing Company, Ltd. | 21,700 | 369,856 |
| Toray Industries, Inc. | 135,900 | 844,456 |
| Toshiba Corp. | 8,100 | 334,582 |
| Tosoh Corp. | 22,300 | 395,384 |
| TOTO, Ltd. | 6,100 | 316,427 |
| Toyo Suisan Kaisha, Ltd. | 1,600 | 65,212 |
| Toyota Industries Corp. | 4,000 | 320,205 |
| Toyota Motor Corp. | 88,028 | 6,545,021 |
| Toyota Tsusho Corp. | 5,700 | 240,922 |
| Trend Micro, Inc. | 8,500 | 404,373 |
| Tsuruha Holdings, Inc. | 2,000 | 230,914 |
| Unicharm Corp. | 9,500 | 368,858 |
| USS Company, Ltd. | 15,500 | 280,916 |
| Welcia Holdings Company, Ltd. | 4,700 | 146,626 |
| West Japan Railway Company | 6,481 | 357,654 |
| Yakult Honsha Company, Ltd. | 2,300 | 111,944 |
| Yamada Holdings Company, Ltd. | 34,600 | 172,201 |
| Yamaha Corp. | 4,766 | 259,436 |
| Yamaha Motor Company, Ltd. | 24,800 | 619,178 |
| Yamato Holdings Company, Ltd. | 27,300 | 770,509 |
| Yaskawa Electric Corp. | 10,100 | 465,706 |
| Z Holdings Corp. | 45,000 | 207,904 |
| ZOZO, Inc. | 9,500 | 320,708 |
| Jordan - 0.0% | 219,184 |
| Hikma Pharmaceuticals PLC | 6,488 | 219,184 |
| Luxembourg - 0.3% | 1,206,453 |
| ArcelorMittal SA | 19,568 | 571,232 |
| Eurofins Scientific SE | 4,676 | 463,545 |
| Tenaris SA | 15,920 | 171,676 |
| Macau - 0.1% | 245,150 |
| Sands China, Ltd. (A) | 51,600 | 245,150 |
| Mexico - 0.0% | 104,407 |
| Fresnillo PLC | 9,156 | 104,407 |
| 36 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Netherlands - 5.0% | $24,324,904 |
| Adyen NV (A)(C) | 395 | 970,735 |
| Akzo Nobel NV (B) | 14,551 | 1,750,248 |
| Argenx SE (A) | 508 | 147,012 |
| ASML Holding NV | 7,303 | 4,757,878 |
| Heineken Holding NV (B) | 8,315 | 826,792 |
| Heineken NV (B) | 4,633 | 537,866 |
| ING Groep NV | 75,949 | 971,873 |
| JDE Peet's NV (A) | 1,979 | 76,997 |
| Just Eat Takeaway.com NV (A)(B)(C) | 2,005 | 207,571 |
| Koninklijke Ahold Delhaize NV | 92,435 | 2,491,407 |
| Koninklijke DSM NV | 10,931 | 1,963,283 |
| Koninklijke Philips NV (A) | 23,453 | 1,323,550 |
| NN Group NV | 7,720 | 386,324 |
| Prosus NV (A) | 6,650 | 722,315 |
| Royal Dutch Shell PLC, B Shares | 150,213 | 2,701,628 |
| Stellantis NV | 21,427 | 356,574 |
| Stellantis NV (Euronext Paris Exchange) | 87,101 | 1,447,799 |
| Wolters Kluwer NV | 29,637 | 2,685,052 |
| New Zealand - 0.3% | 1,198,309 |
| a2 Milk Company, Ltd. (A) | 18,283 | 100,353 |
| Auckland International Airport, Ltd. (A) | 18,900 | 102,926 |
| Fisher & Paykel Healthcare Corp., Ltd. | 9,420 | 242,981 |
| Meridian Energy, Ltd. | 30,590 | 116,985 |
| Ryman Healthcare, Ltd. | 4,441 | 45,215 |
| Spark New Zealand, Ltd. | 67,896 | 214,348 |
| Xero, Ltd. (A) | 3,434 | 375,501 |
| Norway - 0.6% | 2,817,948 |
| Adevinta ASA (A) | 1,840 | 33,774 |
| Aker BP ASA | 2,457 | 70,621 |
| DNB ASA | 21,359 | 460,308 |
| Equinor ASA | 42,358 | 864,168 |
| Gjensidige Forsikring ASA | 2,823 | 64,372 |
| Mowi ASA | 6,652 | 164,615 |
| Norsk Hydro ASA | 33,499 | 214,343 |
| Orkla ASA | 7,368 | 75,345 |
| Salmar ASA | 1,307 | 90,896 |
| Schibsted ASA, A Shares (A) | 843 | 42,555 |
| Schibsted ASA, B Shares (A) | 1,022 | 44,899 |
| Telenor ASA | 15,518 | 277,274 |
| TOMRA Systems ASA | 1,835 | 92,057 |
| Yara International ASA (B) | 6,168 | 322,721 |
| Portugal - 0.1% | 580,066 |
| EDP - Energias de Portugal SA | 63,712 | 354,491 |
| Galp Energia SGPS SA | 9,326 | 107,888 |
| Jeronimo Martins SGPS SA | 6,436 | 117,687 |
| Singapore - 1.5% | 7,232,206 |
| Ascendas Real Estate Investment Trust | 65,992 | 154,266 |
| CapitaLand Integrated Commercial Trust | 83,400 | 134,779 |
| CapitaLand, Ltd. | 104,300 | 291,639 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Singapore (continued) | |
| City Developments, Ltd. | 35,600 | $211,127 |
| DBS Group Holdings, Ltd. | 63,824 | 1,434,889 |
| Genting Singapore, Ltd. | 227,000 | 147,591 |
| Great Eastern Holdings, Ltd. | 2,100 | 36,242 |
| Jardine Cycle & Carriage, Ltd. | 6,800 | 118,479 |
| Keppel Corp., Ltd. | 40,000 | 162,959 |
| Mapletree Logistics Trust | 32,700 | 48,912 |
| Oversea-Chinese Banking Corp., Ltd. | 101,988 | 935,248 |
| Sea, Ltd., ADR (A) | 2,336 | 589,933 |
| Singapore Airlines, Ltd. (A) | 150,100 | 570,885 |
| Singapore Exchange, Ltd. | 54,200 | 425,729 |
| Singapore Technologies Engineering, Ltd. | 71,200 | 206,578 |
| Singapore Telecommunications, Ltd. | 205,100 | 385,410 |
| United Overseas Bank, Ltd. | 52,924 | 1,057,764 |
| Wilmar International, Ltd. | 81,500 | 319,776 |
| Spain - 2.3% | 11,335,859 |
| Aena SME SA (A)(C) | 2,881 | 501,841 |
| Amadeus IT Group SA (A) | 5,243 | 357,863 |
| Banco Bilbao Vizcaya Argentaria SA (A) | 122,272 | 687,456 |
| Banco Santander SA (A) | 366,106 | 1,416,909 |
| CaixaBank SA | 187,822 | 603,009 |
| Cellnex Telecom SA (A)(C) | 5,783 | 327,472 |
| EDP Renovaveis SA | 1,781 | 42,493 |
| Endesa SA | 8,509 | 223,915 |
| Ferrovial SA | 17,855 | 508,114 |
| Grifols SA | 15,253 | 414,053 |
| Iberdrola SA | 213,067 | 2,881,665 |
| Industria de Diseno Textil SA | 28,708 | 1,023,628 |
| Naturgy Energy Group SA (B) | 29,045 | 745,790 |
| Repsol SA | 76,031 | 909,586 |
| Siemens Gamesa Renewable Energy SA | 4,864 | 176,244 |
| Telefonica SA | 111,196 | 515,821 |
| Sweden - 3.3% | 16,063,437 |
| Alfa Laval AB | 7,530 | 255,044 |
| Assa Abloy AB, B Shares | 11,814 | 337,134 |
| Atlas Copco AB, A Shares | 15,135 | 918,222 |
| Atlas Copco AB, B Shares | 8,817 | 458,277 |
| Boliden AB (B) | 24,809 | 967,627 |
| Castellum AB | 12,377 | 301,676 |
| Electrolux AB, B Shares | 29,369 | 825,246 |
| Epiroc AB, A Shares (B) | 16,166 | 350,822 |
| Epiroc AB, B Shares | 9,681 | 190,168 |
| EQT AB | 2,140 | 72,457 |
| Essity AB, A Shares | 392 | 12,981 |
| Essity AB, B Shares | 10,083 | 329,472 |
| Evolution Gaming Group AB (C) | 2,226 | 440,159 |
| Fabege AB | 11,622 | 173,524 |
| Fastighets AB Balder, B Shares (A) | 5,247 | 302,630 |
| Getinge AB, B Shares | 8,785 | 297,656 |
| Hennes & Mauritz AB, B Shares (A) | 19,056 | 470,555 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 37 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Sweden (continued) | |
| Hexagon AB, B Shares | 3,070 | $293,140 |
| Holmen AB, B Shares (B) | 3,995 | 188,511 |
| Husqvarna AB, B Shares | 25,135 | 350,313 |
| ICA Gruppen AB | 7,056 | 325,440 |
| Indutrade AB | 11,733 | 306,932 |
| Lifco AB, B Shares | 2,104 | 226,679 |
| Lundin Energy AB | 3,050 | 97,822 |
| Nibe Industrier AB, B Shares | 4,762 | 174,469 |
| Sagax AB, B Shares (B) | 1,768 | 46,836 |
| Sandvik AB (B) | 11,053 | 273,588 |
| Securitas AB, B Shares | 18,395 | 314,243 |
| Sinch AB (A)(C) | 681 | 107,718 |
| Skandinaviska Enskilda Banken AB, A Shares | 28,406 | 364,996 |
| Skandinaviska Enskilda Banken AB, C Shares | 281 | 3,589 |
| Skanska AB, B Shares | 42,371 | 1,150,505 |
| SKF AB, B Shares | 11,106 | 287,115 |
| Svenska Cellulosa AB SCA, B Shares | 15,508 | 272,352 |
| Svenska Handelsbanken AB, A Shares | 35,325 | 410,160 |
| Svenska Handelsbanken AB, B Shares (B) | 1,401 | 17,149 |
| Sweco AB, B Shares | 7,060 | 126,075 |
| Swedbank AB, A Shares | 22,047 | 387,815 |
| Swedish Match AB | 2,566 | 210,724 |
| Swedish Orphan Biovitrum AB (A) | 15,816 | 269,437 |
| Tele2 AB, B Shares | 15,529 | 200,821 |
| Telefonaktiebolaget LM Ericsson, B Shares | 43,496 | 596,390 |
| Telia Company AB (B) | 52,964 | 219,479 |
| Trelleborg AB, B Shares | 13,442 | 350,685 |
| Volvo AB, A Shares | 11,238 | 283,085 |
| Volvo AB, B Shares | 61,470 | 1,503,719 |
| Switzerland - 9.2% | 44,464,122 |
| ABB, Ltd. | 46,081 | 1,498,056 |
| Alcon, Inc. (A) | 29,067 | 2,183,092 |
| Cie Financiere Richemont SA, A Shares | 12,169 | 1,249,389 |
| Coca-Cola HBC AG | 15,716 | 544,425 |
| Credit Suisse Group AG | 166,681 | 1,744,572 |
| Geberit AG | 1,033 | 680,021 |
| Givaudan SA | 328 | 1,375,223 |
| Glencore PLC (A) | 304,713 | 1,245,421 |
| Kuehne + Nagel International AG | 2,403 | 719,280 |
| LafargeHolcim, Ltd. (A) | 31,016 | 1,914,589 |
| Lonza Group AG (A) | 3,006 | 1,914,242 |
| Nestle SA | 59,939 | 7,155,479 |
| Novartis AG | 46,218 | 3,950,612 |
| Partners Group Holding AG | 1,243 | 1,771,723 |
| Roche Holding AG | 13,112 | 4,278,418 |
| Roche Holding AG, Bearer Shares | 1,080 | 375,611 |
| Schindler Holding AG | 945 | 263,176 |
| Schindler Holding AG, Participation Certificates | 1,465 | 417,309 |
| SGS SA | 159 | 470,698 |
| Sika AG | 8,006 | 2,391,135 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Switzerland (continued) | |
| STMicroelectronics NV | 57,501 | $2,156,885 |
| Swiss Re AG | 20,395 | 1,898,062 |
| Swisscom AG | 3,343 | 1,815,457 |
| UBS Group AG | 69,169 | 1,056,059 |
| Zurich Insurance Group AG | 3,396 | 1,395,188 |
| United Arab Emirates - 0.0% | 1,869 |
| NMC Health PLC (A) | 5,181 | 1,869 |
| United Kingdom - 13.3% | 64,425,682 |
| 3i Group PLC | 85,123 | 1,510,928 |
| Admiral Group PLC | 15,853 | 686,793 |
| Anglo American PLC | 28,846 | 1,226,120 |
| Ashtead Group PLC | 11,686 | 752,525 |
| ASOS PLC (A) | 5,039 | 364,186 |
| Associated British Foods PLC (A) | 9,528 | 304,471 |
| AstraZeneca PLC | 26,058 | 2,783,466 |
| Auto Trader Group PLC (A)(C) | 50,533 | 398,943 |
| AVEVA Group PLC | 4,784 | 230,504 |
| Aviva PLC | 240,349 | 1,332,100 |
| B&M European Value Retail SA | 41,337 | 323,825 |
| BAE Systems PLC | 83,954 | 588,400 |
| Barclays PLC | 380,995 | 925,775 |
| Barratt Developments PLC | 63,486 | 678,585 |
| BP PLC | 427,478 | 1,793,351 |
| British American Tobacco PLC | 37,894 | 1,407,142 |
| BT Group PLC (A) | 132,395 | 302,366 |
| Bunzl PLC | 21,289 | 685,900 |
| Burberry Group PLC (A) | 28,654 | 817,659 |
| CNH Industrial NV | 25,898 | 385,647 |
| Coca-Cola European Partners PLC | 12,466 | 704,108 |
| Compass Group PLC (A) | 24,353 | 530,215 |
| Croda International PLC | 8,164 | 764,567 |
| Diageo PLC | 48,438 | 2,180,279 |
| Dr. Martens PLC (A) | 17,687 | 118,427 |
| DS Smith PLC | 40,038 | 233,269 |
| Ferguson PLC | 5,911 | 747,370 |
| GlaxoSmithKline PLC | 91,838 | 1,703,360 |
| Halma PLC | 19,423 | 695,968 |
| Hargreaves Lansdown PLC | 20,099 | 478,504 |
| HSBC Holdings PLC (A) | 419,621 | 2,630,707 |
| Imperial Brands PLC | 42,088 | 878,465 |
| Informa PLC (A) | 77,525 | 603,450 |
| InterContinental Hotels Group PLC (A) | 5,954 | 424,711 |
| Intermediate Capital Group PLC | 3,549 | 107,415 |
| Intertek Group PLC | 9,978 | 847,968 |
| J Sainsbury PLC | 139,756 | 459,948 |
| JD Sports Fashion PLC (A) | 27,509 | 349,797 |
| Johnson Matthey PLC | 10,216 | 459,699 |
| Kingfisher PLC (A) | 98,436 | 486,963 |
| Land Securities Group PLC | 22,273 | 222,281 |
| Legal & General Group PLC | 144,763 | 545,976 |
| 38 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| United Kingdom (continued) | |
| Lloyds Banking Group PLC | 1,434,187 | $902,205 |
| London Stock Exchange Group PLC | 4,558 | 466,998 |
| M&G PLC | 94,431 | 284,108 |
| Melrose Industries PLC | 241,398 | 544,457 |
| Mondi PLC | 56,889 | 1,547,746 |
| National Grid PLC | 88,446 | 1,115,102 |
| Natwest Group PLC | 86,710 | 236,027 |
| Next PLC (A) | 11,149 | 1,204,344 |
| Ocado Group PLC (A) | 5,791 | 168,136 |
| Pearson PLC | 21,199 | 243,614 |
| Persimmon PLC | 18,299 | 793,520 |
| Phoenix Group Holdings PLC | 28,288 | 278,628 |
| Prudential PLC | 41,699 | 885,934 |
| Reckitt Benckiser Group PLC | 11,048 | 986,778 |
| RELX PLC | 50,355 | 1,310,370 |
| Rentokil Initial PLC | 110,615 | 766,373 |
| Rightmove PLC | 47,034 | 399,843 |
| Rio Tinto PLC | 25,219 | 2,121,556 |
| Rolls-Royce Holdings PLC (A) | 268,474 | 388,889 |
| RSA Insurance Group PLC | 65,870 | 622,351 |
| Schroders PLC | 7,075 | 353,429 |
| Schroders PLC, Non-Voting Shares | 2,481 | 90,514 |
| Segro PLC | 27,710 | 385,769 |
| Severn Trent PLC | 13,287 | 455,682 |
| Smith & Nephew PLC | 9,395 | 204,288 |
| Smiths Group PLC | 21,716 | 488,737 |
| Spirax-Sarco Engineering PLC | 4,199 | 686,892 |
| SSE PLC | 45,584 | 926,504 |
| St. James's Place PLC | 21,176 | 399,182 |
| Standard Chartered PLC | 131,253 | 944,251 |
| Standard Life Aberdeen PLC | 262,924 | 1,010,188 |
| Taylor Wimpey PLC | 196,890 | 489,597 |
| Tesco PLC | 314,375 | 961,943 |
| The Berkeley Group Holdings PLC | 5,978 | 382,970 |
| The Sage Group PLC | 44,920 | 396,798 |
| The Weir Group PLC (A) | 3,688 | 97,886 |
| THG PLC (A) | 12,581 | 107,998 |
| Unilever PLC | 51,468 | 3,015,369 |
| United Utilities Group PLC | 60,709 | 813,817 |
| Vodafone Group PLC | 909,513 | 1,722,677 |
| Whitbread PLC (A) | 12,947 | 581,512 |
| WPP PLC | 71,853 | 970,567 |
| United States - 0.0% | 62,064 |
|
| Carnival PLC (A) | 2,666 | 62,064 |
|
| PREFERRED SECURITIES - 0.7% | $3,262,217 |
| (Cost $2,164,578) | | |
| Germany - 0.7% | 3,262,217 |
| Bayerische Motoren Werke AG | 4,589 | 376,753 |
| Henkel AG & Company KGaA | 2,740 | 315,196 |
| Porsche Automobil Holding SE | 8,105 | 854,500 |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)
| | Shares or
Principal
Amount | Value |
| Germany (continued) | |
| Sartorius AG | 958 | $541,100 |
| Volkswagen AG | 4,503 | 1,174,668 |
|
| SHORT-TERM INVESTMENTS - 2.6% | $12,815,677 |
| (Cost $12,815,891) | | |
| Short-term funds - 2.6% | 12,815,677 |
| John Hancock Collateral Trust, 0.0360% (D)(E) | 983,528 | 9,839,807 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (D) | 2,975,870 | 2,975,870 |
| Total investments (Multifactor Developed International ETF) (Cost $408,470,080) - 101.3% | $491,030,279 |
| Other assets and liabilities, net - (1.3%) | (6,259,975) |
| Total net assets - 100.0% | $484,770,304 |
| 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 |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 4-30-21. |
| (C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (D) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
MULTIFACTOR EMERGING MARKETS ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS - 98.9% | $727,676,247 |
| (Cost $570,729,910) | | |
| Brazil - 4.5% | 33,141,325 |
| Ambev SA | 273,800 | 753,988 |
| Atacadao SA | 35,900 | 143,726 |
| B2W Cia Digital (A) | 15,997 | 198,501 |
| B3 SA - Brasil Bolsa Balcao | 137,100 | 1,301,442 |
| Banco Bradesco SA | 139,623 | 531,958 |
| Banco BTG Pactual SA | 16,800 | 333,662 |
| Banco do Brasil SA | 93,300 | 509,730 |
| Banco Inter SA | 12,600 | 176,020 |
| BB Seguridade Participacoes SA | 101,000 | 415,710 |
| CCR SA | 166,000 | 368,396 |
| Centrais Eletricas Brasileiras SA | 48,720 | 330,383 |
| Cia Brasileira de Distribuicao | 107,200 | 804,803 |
| Cia de Saneamento Basico do Estado de Sao Paulo | 82,500 | 650,541 |
| Cia Siderurgica Nacional SA | 57,100 | 517,718 |
| Cosan SA | 11,200 | 185,922 |
| CPFL Energia SA | 25,400 | 137,411 |
| Energisa SA | 22,700 | 184,353 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 39 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Brazil (continued) | |
| Engie Brasil Energia SA | 43,025 | $322,534 |
| Equatorial Energia SA | 136,400 | 630,805 |
| Hapvida Participacoes e Investimentos SA (B) | 97,194 | 258,694 |
| Hypera SA | 34,100 | 217,853 |
| JBS SA | 190,300 | 1,056,511 |
| Klabin SA (A) | 84,800 | 435,469 |
| Localiza Rent a Car SA | 68,785 | 815,239 |
| Lojas Americanas SA | 40,445 | 147,981 |
| Lojas Renner SA | 101,660 | 757,028 |
| Magazine Luiza SA | 176,672 | 652,272 |
| Natura & Company Holding SA (A) | 63,200 | 567,784 |
| Neoenergia SA | 38,600 | 113,838 |
| Notre Dame Intermedica Participacoes SA | 53,900 | 807,420 |
| Pagseguro Digital, Ltd., Class A (A) | 20,538 | 939,408 |
| Petrobras Distribuidora SA | 46,500 | 192,934 |
| Petroleo Brasileiro SA | 543,900 | 2,315,855 |
| Raia Drogasil SA | 174,300 | 844,955 |
| Rede D'Or Sao Luiz SA (B) | 26,100 | 345,899 |
| Rumo SA (A) | 137,790 | 507,958 |
| StoneCo, Ltd., Class A (A) | 10,937 | 706,968 |
| Suzano SA (A) | 80,665 | 1,021,016 |
| Telefonica Brasil SA | 56,800 | 452,285 |
| TIM SA | 208,700 | 468,928 |
| Ultrapar Participacoes SA | 84,100 | 327,239 |
| Vale SA | 480,400 | 9,653,603 |
| WEG SA | 125,200 | 807,935 |
| XP, Inc., Class A (A) | 5,774 | 228,650 |
| Chile - 0.5% | 3,696,228 |
| Banco de Chile | 3,312,147 | 352,911 |
| Banco de Credito e Inversiones SA | 5,832 | 269,506 |
| Banco Santander Chile | 5,936,423 | 324,161 |
| Cencosud SA | 170,774 | 352,803 |
| Cencosud Shopping SA | 45,592 | 74,049 |
| Colbun SA | 1,307,061 | 223,268 |
| Empresas CMPC SA | 177,192 | 489,984 |
| Empresas COPEC SA | 40,109 | 429,835 |
| Enel Americas SA | 5,432,261 | 769,491 |
| Enel Chile SA | 2,895,799 | 196,644 |
| Falabella SA | 47,520 | 213,576 |
| China - 29.1% | 214,288,517 |
| Agricultural Bank of China, Ltd., H Shares | 5,077,000 | 1,974,100 |
| Aier Eye Hospital Group Company, Ltd., A Shares | 32,200 | 370,587 |
| Airtac International Group | 16,000 | 675,903 |
| Alibaba Group Holding, Ltd., ADR (A) | 84,963 | 19,622,205 |
| Anhui Conch Cement Company, Ltd., H Shares | 298,500 | 1,785,193 |
| Anhui Gujing Distillery Company, Ltd., A Shares | 2,000 | 70,256 |
| ANTA Sports Products, Ltd. | 154,000 | 2,765,986 |
| Avary Holding Shenzhen Company, Ltd., A Shares | 13,600 | 65,504 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| China (continued) | |
| Baidu, Inc., ADR (A) | 35,461 | $7,458,512 |
| Bank of China, Ltd., H Shares | 8,001,000 | 3,183,155 |
| Bank of Communications Company, Ltd., H Shares | 3,077,000 | 1,968,969 |
| Bank of Hangzhou Company, Ltd., A Shares | 32,400 | 82,809 |
| Bank of Ningbo Company, Ltd., A Shares | 75,441 | 492,293 |
| Bank of Shanghai Company, Ltd., A Shares | 69,900 | 88,354 |
| Baoshan Iron & Steel Company, Ltd., A Shares | 170,900 | 227,902 |
| BeiGene, Ltd., ADR (A) | 2,918 | 1,002,450 |
| Beijing Oriental Yuhong Waterproof Technology Company, Ltd., A Shares | 13,900 | 124,062 |
| BOE Technology Group Company, Ltd., A Shares | 388,100 | 439,585 |
| BYD Company, Ltd., H Shares | 87,500 | 1,805,912 |
| CanSino Biologics, Inc., H Shares (A)(B)(C) | 3,000 | 150,254 |
| Changchun High & New Technology Industry Group, Inc., A Shares | 2,800 | 215,295 |
| China CITIC Bank Corp., Ltd., H Shares | 1,856,000 | 972,585 |
| China Construction Bank Corp., H Shares | 8,621,000 | 6,826,339 |
| China Everbright Bank Company, Ltd., H Shares | 452,000 | 189,137 |
| China Feihe, Ltd. (B) | 350,000 | 998,152 |
| China International Capital Corp., Ltd., H Shares (B)(C) | 254,800 | 640,375 |
| China Life Insurance Company, Ltd., H Shares | 894,000 | 1,820,954 |
| China Merchants Bank Company, Ltd., H Shares | 629,000 | 5,073,724 |
| China Merchants Securities Company, Ltd., H Shares (B) | 137,940 | 193,230 |
| China Merchants Shekou Industrial Zone Holdings Company, Ltd., A Shares | 30,200 | 54,226 |
| China Minsheng Banking Corp., Ltd., H Shares | 1,053,000 | 540,949 |
| China Molybdenum Company, Ltd., H Shares | 399,000 | 270,731 |
| China Pacific Insurance Group Company, Ltd., H Shares | 587,000 | 2,123,731 |
| China Petroleum & Chemical Corp., H Shares | 3,066,000 | 1,527,700 |
| China Shenhua Energy Company, Ltd., H Shares | 726,500 | 1,515,325 |
| China Tourism Group Duty Free Corp., Ltd., A Shares | 8,600 | 414,605 |
| China Vanke Company, Ltd., H Shares | 432,700 | 1,515,343 |
| Chongqing Zhifei Biological Products Company, Ltd., A Shares | 11,000 | 383,211 |
| CITIC Securities Company, Ltd., H Shares | 342,000 | 825,184 |
| Contemporary Amperex Technology Company, Ltd., A Shares | 9,800 | 587,818 |
| COSCO SHIPPING Holdings Company, Ltd., H Shares (A) | 515,500 | 922,568 |
| Country Garden Holdings Company, Ltd. | 1,859,222 | 2,214,257 |
| Country Garden Services Holdings Company, Ltd. | 193,000 | 2,025,210 |
| CSC Financial Company, Ltd., H Shares (B) | 163,500 | 190,933 |
| CSPC Pharmaceutical Group, Ltd. | 1,325,840 | 1,642,182 |
| East Money Information Company, Ltd., A Shares | 32,300 | 160,914 |
| ENN Energy Holdings, Ltd. | 158,900 | 2,708,738 |
| Eve Energy Company, Ltd., A Shares | 11,500 | 157,569 |
| 40 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| China (continued) | |
| Focus Media Information Technology Company, Ltd., A Shares | 88,800 | $147,920 |
| Futu Holdings, Ltd., ADR (A) | 2,344 | 348,740 |
| Fuyao Glass Industry Group Company, Ltd. , H Shares (B) | 88,800 | 516,209 |
| Ganfeng Lithium Company, Ltd., H Shares (B) | 8,600 | 115,820 |
| GDS Holdings, Ltd., ADR (A) | 7,183 | 595,974 |
| GF Securities Company, Ltd., H Shares | 210,800 | 305,608 |
| GoerTek, Inc., A Shares | 37,300 | 217,293 |
| Great Wall Motor Company, Ltd., H Shares | 673,000 | 1,665,419 |
| GSX Techedu, Inc., ADR (A)(C) | 7,453 | 238,123 |
| Guangdong Haid Group Company, Ltd., A Shares | 10,300 | 132,739 |
| Guotai Junan Securities Company, Ltd., H Shares (B) | 146,800 | 209,043 |
| Haier Smart Home Company, Ltd., H Shares (A) | 195,600 | 846,181 |
| Haitong Securities Company, Ltd., H Shares | 430,400 | 385,134 |
| Hangzhou Tigermed Consulting Company, Ltd., A Shares | 2,400 | 58,043 |
| Hansoh Pharmaceutical Group Company, Ltd. (A)(B) | 114,000 | 492,439 |
| Henan Shuanghui Investment & Development Company, Ltd., A Shares | 15,800 | 89,456 |
| Hengli Petrochemical Company, Ltd., A Shares | 64,500 | 295,515 |
| HengTen Networks Group, Ltd. (A)(C) | 176,000 | 208,476 |
| Huatai Securities Company, Ltd., H Shares (B) | 232,600 | 332,420 |
| Huazhu Group, Ltd., ADR (A) | 9,339 | 550,627 |
| Iflytek Company, Ltd., A Shares | 13,300 | 104,752 |
| Industrial & Commercial Bank of China, Ltd., H Shares | 8,028,000 | 5,230,136 |
| Industrial Bank Company, Ltd., A Shares | 153,100 | 514,316 |
| Inner Mongolia Yili Industrial Group Company, Ltd., A Shares | 43,900 | 277,788 |
| Innovent Biologics, Inc. (A)(B) | 51,500 | 559,635 |
| iQIYI, Inc., ADR (A) | 34,251 | 503,832 |
| JD.com, Inc., ADR (A) | 50,161 | 3,880,455 |
| Jiangsu Hengli Hydraulic Company, Ltd., A Shares | 5,100 | 67,774 |
| Jiangsu Hengrui Medicine Company, Ltd., A Shares | 26,993 | 350,786 |
| Jiangsu Yanghe Brewery Joint-Stock Company, Ltd., A Shares | 9,290 | 276,339 |
| KE Holdings, Inc., ADR (A) | 11,019 | 573,539 |
| Kweichow Moutai Company, Ltd., A Shares | 5,800 | 1,798,551 |
| Lenovo Group, Ltd. | 1,112,000 | 1,529,083 |
| Lens Technology Company, Ltd., A Shares | 59,200 | 239,032 |
| Li Auto, Inc., ADR (A) | 17,791 | 351,194 |
| Li Ning Company, Ltd. | 133,500 | 1,089,747 |
| Longfor Group Holdings, Ltd. (B) | 340,500 | 2,124,056 |
| LONGi Green Energy Technology Company, Ltd., A Shares | 27,300 | 419,319 |
| Luxshare Precision Industry Company, Ltd., A Shares | 47,300 | 270,140 |
| Luzhou Laojiao Company, Ltd., A Shares | 11,100 | 438,374 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| China (continued) | |
| Mango Excellent Media Company, Ltd., A Shares | 11,215 | $117,930 |
| Meituan, Class B (A)(B) | 165,900 | 6,365,283 |
| Midea Group Company, Ltd., A Shares | 52,800 | 654,095 |
| Muyuan Foods Company, Ltd., A Shares | 26,400 | 461,424 |
| NARI Technology Company, Ltd., A Shares | 43,200 | 213,480 |
| NetEase, Inc., ADR | 81,555 | 9,139,053 |
| New China Life Insurance Company, Ltd., H Shares | 169,400 | 653,229 |
| New Hope Liuhe Company, Ltd., A Shares | 38,700 | 99,389 |
| New Oriental Education & Technology Group, Inc., ADR (A) | 138,168 | 2,108,444 |
| NIO, Inc., ADR (A) | 103,204 | 4,111,647 |
| Pharmaron Beijing Company, Ltd., H Shares (B) | 13,500 | 280,017 |
| PICC Property & Casualty Company, Ltd., H Shares | 1,016,000 | 998,098 |
| Pinduoduo, Inc., ADR (A) | 22,008 | 2,947,531 |
| Ping An Bank Company, Ltd., A Shares | 170,800 | 614,685 |
| Ping An Healthcare and Technology Company, Ltd. (A)(B)(C) | 34,300 | 401,875 |
| Ping An Insurance Group Company of China, Ltd., H Shares | 858,500 | 9,389,852 |
| Poly Developments and Holdings Group Company, Ltd., A Shares | 150,000 | 324,500 |
| Pop Mart International Group, Ltd. (A)(B)(C) | 32,000 | 264,921 |
| Postal Savings Bank of China Company, Ltd., H Shares (B) | 1,002,000 | 652,790 |
| RLX Technology, Inc., ADR (A)(C) | 3,172 | 34,543 |
| Rongsheng Petrochemical Company, Ltd., A Shares | 41,300 | 180,797 |
| Sanan Optoelectronics Company, Ltd., A Shares | 31,600 | 122,562 |
| Sangfor Technologies, Inc., A Shares | 1,500 | 63,391 |
| Sany Heavy Industry Company, Ltd., A Shares | 72,000 | 343,562 |
| Seazen Holdings Company, Ltd., A Shares | 21,600 | 150,331 |
| SF Holding Company, Ltd., A Shares | 22,700 | 225,720 |
| Shaanxi Coal Industry Company, Ltd., A Shares | 69,700 | 121,166 |
| Shandong Gold Mining Company, Ltd., H Shares (B) | 67,970 | 124,793 |
| Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares (C) | 72,500 | 460,660 |
| Shanghai International Airport Company, Ltd., A Shares | 17,300 | 131,364 |
| Shanxi Xinghuacun Fen Wine Factory Company, Ltd., A Shares | 4,961 | 314,494 |
| Shenwan Hongyuan Group Company, Ltd., H Shares (B) | 172,000 | 46,948 |
| Shenzhen Inovance Technology Company, Ltd., A Shares | 9,700 | 134,075 |
| Shenzhen Kangtai Biological Products Company, Ltd., A Shares | 3,000 | 83,767 |
| Shenzhen Mindray Bio-Medical Electronics Company, Ltd., A Shares | 5,400 | 389,135 |
| Shenzhou International Group Holdings, Ltd. | 127,400 | 2,801,640 |
| Silergy Corp. | 6,000 | 628,289 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 41 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| China (continued) | |
| Smoore International Holdings, Ltd. (A)(B) | 169,000 | $1,197,841 |
| Sunac China Holdings, Ltd. | 575,000 | 2,239,486 |
| Sungrow Power Supply Company, Ltd., A Shares | 9,500 | 131,971 |
| Sunny Optical Technology Group Company, Ltd. | 92,300 | 2,250,799 |
| TAL Education Group, ADR (A) | 32,047 | 1,825,077 |
| TCL Technology Group Corp., A Shares (A) | 75,700 | 105,277 |
| Tencent Holdings, Ltd. | 332,000 | 26,630,610 |
| Tencent Music Entertainment Group, ADR (A) | 29,858 | 520,126 |
| The People's Insurance Company Group of China, Ltd., H Shares | 1,035,000 | 354,468 |
| Tongwei Company, Ltd., A Shares | 33,900 | 184,547 |
| Trip.com Group, Ltd., ADR (A) | 54,783 | 2,140,920 |
| Vipshop Holdings, Ltd., ADR (A) | 38,702 | 1,190,861 |
| Wanhua Chemical Group Company, Ltd., A Shares | 31,800 | 504,849 |
| Weichai Power Company, Ltd., H Shares | 543,000 | 1,259,823 |
| Will Semiconductor Company, Ltd., A Shares | 5,900 | 275,795 |
| Wingtech Technology Company, Ltd., A Shares | 2,700 | 35,588 |
| Wuliangye Yibin Company, Ltd., A Shares | 21,500 | 946,844 |
| WuXi AppTec Company, Ltd., H Shares (B) | 25,400 | 600,756 |
| WuXi Biologics Cayman, Inc. (A)(B) | 218,000 | 3,073,447 |
| Xinyi Solar Holdings, Ltd. | 600,000 | 1,004,268 |
| XPeng, Inc., ADR (A)(C) | 10,992 | 328,771 |
| Yihai International Holding, Ltd. (A) | 44,000 | 428,848 |
| Yonyou Network Technology Company, Ltd., A Shares | 13,800 | 70,797 |
| Yum China Holdings, Inc. | 90,699 | 5,706,781 |
| Yunnan Baiyao Group Company, Ltd., A Shares | 7,000 | 116,333 |
| Yunnan Energy New Material Company, Ltd., A Shares | 2,800 | 58,215 |
| Zhangzhou Pientzehuang Pharmaceutical Company, Ltd., A Shares | 4,400 | 230,698 |
| Zhejiang Huayou Cobalt Company, Ltd., A Shares (A) | 4,700 | 59,386 |
| Zhejiang NHU Company, Ltd., A Shares | 23,700 | 143,229 |
| Zijin Mining Group Company, Ltd., H Shares | 1,168,000 | 1,645,187 |
| Zoomlion Heavy Industry Science and Technology Company, Ltd., H Shares | 163,200 | 226,093 |
| ZTO Express Cayman, Inc., ADR | 100,446 | 3,230,343 |
| Hong Kong - 2.3% | 17,081,867 |
| Alibaba Health Information Technology, Ltd. (A) | 376,000 | 1,147,338 |
| China Gas Holdings, Ltd. | 436,800 | 1,577,504 |
| China Mengniu Dairy Company, Ltd. (A) | 622,000 | 3,331,492 |
| China Resources Beer Holdings Company, Ltd. | 250,000 | 2,019,802 |
| China Resources Land, Ltd. | 698,000 | 3,275,730 |
| Geely Automobile Holdings, Ltd. | 1,295,000 | 3,359,695 |
| Sino Biopharmaceutical, Ltd. | 2,199,500 | 2,370,306 |
| India - 13.4% | 98,792,159 |
| ABB India, Ltd. | 2,776 | 52,093 |
| ACC, Ltd. | 13,970 | 354,378 |
| Adani Enterprises, Ltd. (A) | 19,500 | 301,691 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| India (continued) | |
| Adani Green Energy, Ltd. (A) | 22,707 | $313,893 |
| Adani Ports & Special Economic Zone, Ltd. (A) | 66,977 | 656,817 |
| Adani Total Gas, Ltd. (A) | 19,573 | 303,851 |
| Adani Transmission, Ltd. (A) | 24,907 | 351,971 |
| Alkem Laboratories, Ltd. | 2,553 | 94,989 |
| Ambuja Cements, Ltd. | 121,450 | 505,328 |
| Apollo Hospitals Enterprise, Ltd. | 10,465 | 452,663 |
| Ashok Leyland, Ltd. (A) | 148,378 | 225,254 |
| Asian Paints, Ltd. | 43,479 | 1,484,470 |
| AU Small Finance Bank, Ltd. (A)(B) | 13,157 | 178,156 |
| Aurobindo Pharma, Ltd. | 63,242 | 835,813 |
| Avenue Supermarts, Ltd. (A)(B) | 9,170 | 351,585 |
| Axis Bank, Ltd. (A) | 241,709 | 2,322,214 |
| Bajaj Auto, Ltd. | 6,942 | 358,663 |
| Bajaj Finance, Ltd. (A) | 16,586 | 1,220,117 |
| Bajaj Finserv, Ltd. | 5,377 | 800,026 |
| Bajaj Holdings & Investment, Ltd. | 4,487 | 207,169 |
| Bandhan Bank, Ltd. (A)(B) | 127,645 | 565,224 |
| Bank of Baroda (A) | 91,933 | 82,473 |
| Berger Paints India, Ltd. | 31,989 | 304,052 |
| Bharat Electronics, Ltd. | 204,088 | 363,142 |
| Bharat Petroleum Corp., Ltd. | 214,855 | 1,224,345 |
| Bharti Airtel, Ltd. | 286,919 | 2,074,253 |
| Biocon, Ltd. (A) | 28,103 | 143,944 |
| Bosch, Ltd. | 732 | 133,607 |
| Britannia Industries, Ltd. | 12,894 | 599,646 |
| Cadila Healthcare, Ltd. (A) | 46,882 | 361,334 |
| Cholamandalam Investment and Finance Company, Ltd. | 38,558 | 296,970 |
| Cipla, Ltd. (A) | 95,640 | 1,174,962 |
| Coal India, Ltd. | 126,729 | 227,547 |
| Colgate-Palmolive India, Ltd. | 14,774 | 294,862 |
| Container Corp. of India, Ltd. | 25,539 | 203,216 |
| Dabur India, Ltd. | 92,563 | 674,174 |
| Divi's Laboratories, Ltd. (A) | 14,289 | 781,673 |
| DLF, Ltd. | 77,670 | 258,157 |
| Dr. Reddy's Laboratories, Ltd. | 11,554 | 806,273 |
| Eicher Motors, Ltd. (A) | 13,650 | 445,946 |
| GAIL India, Ltd. | 233,578 | 432,800 |
| Godrej Consumer Products, Ltd. (A) | 65,595 | 612,137 |
| Godrej Properties, Ltd. (A) | 4,435 | 81,674 |
| Grasim Industries, Ltd. | 42,284 | 799,813 |
| Gujarat Gas, Ltd. | 17,281 | 124,045 |
| Havells India, Ltd. | 36,427 | 484,398 |
| HCL Technologies, Ltd. | 148,773 | 1,807,831 |
| HDFC Asset Management Company, Ltd. (B) | 4,887 | 183,060 |
| HDFC Bank, Ltd. (A) | 336,777 | 6,423,872 |
| HDFC Life Insurance Company, Ltd. (A)(B) | 50,360 | 450,689 |
| Hero MotoCorp, Ltd. | 24,884 | 946,682 |
| Hindalco Industries, Ltd. | 175,019 | 859,235 |
| Hindustan Aeronautics, Ltd. | 14,897 | 192,164 |
| 42 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| India (continued) | |
| Hindustan Petroleum Corp., Ltd. | 164,809 | $522,311 |
| Hindustan Unilever, Ltd. | 88,122 | 2,795,730 |
| Honeywell Automation India, Ltd. | 193 | 112,976 |
| Housing Development Finance Corp., Ltd. | 167,225 | 5,493,270 |
| ICICI Bank, Ltd. (A) | 424,971 | 3,440,617 |
| ICICI Lombard General Insurance Company, Ltd. (B) | 21,620 | 413,705 |
| ICICI Prudential Life Insurance Company, Ltd. (A)(B) | 24,736 | 174,268 |
| IDFC First Bank, Ltd. (A) | 200,749 | 148,517 |
| Indian Oil Corp., Ltd. | 447,704 | 548,807 |
| Indraprastha Gas, Ltd. | 9,056 | 62,230 |
| Indus Towers, Ltd. | 194,914 | 667,059 |
| Info Edge India, Ltd. (A) | 4,653 | 308,742 |
| Infosys, Ltd. | 324,104 | 5,900,795 |
| InterGlobe Aviation, Ltd. (A)(B) | 6,125 | 135,854 |
| ITC, Ltd. | 411,353 | 1,124,005 |
| Jindal Steel & Power, Ltd. (A) | 41,961 | 249,197 |
| JSW Steel, Ltd. | 266,945 | 2,572,056 |
| Jubilant Foodworks, Ltd. (A) | 6,037 | 235,865 |
| Kansai Nerolac Paints, Ltd. | 13,184 | 98,347 |
| Kotak Mahindra Bank, Ltd. (A) | 57,615 | 1,356,322 |
| Larsen & Toubro Infotech, Ltd. (B) | 4,750 | 249,259 |
| Larsen & Toubro, Ltd. | 54,707 | 989,708 |
| Lupin, Ltd. | 27,145 | 392,118 |
| Mahindra & Mahindra, Ltd. | 111,336 | 1,131,885 |
| Marico, Ltd. | 74,158 | 410,573 |
| Maruti Suzuki India, Ltd. | 9,740 | 846,597 |
| Motherson Sumi Systems, Ltd. (A) | 175,532 | 509,255 |
| MRF, Ltd. | 186 | 202,290 |
| Muthoot Finance, Ltd. | 21,800 | 338,747 |
| Nestle India, Ltd. | 3,708 | 816,974 |
| NMDC, Ltd. | 126,349 | 264,476 |
| NTPC, Ltd. | 902,197 | 1,247,224 |
| Oil & Natural Gas Corp., Ltd. | 462,488 | 675,571 |
| Petronet LNG, Ltd. | 159,179 | 515,106 |
| PI Industries, Ltd. | 4,043 | 136,727 |
| Pidilite Industries, Ltd. (A) | 17,763 | 434,971 |
| Piramal Enterprises, Ltd. | 14,737 | 333,247 |
| Power Finance Corp., Ltd. | 218,160 | 318,673 |
| Power Grid Corp. of India, Ltd. | 526,555 | 1,566,390 |
| Procter & Gamble Hygiene & Health Care, Ltd. | 1,309 | 239,790 |
| Punjab National Bank (A) | 193,726 | 91,014 |
| Reliance Industries, Ltd. | 269,978 | 7,274,617 |
| SBI Life Insurance Company, Ltd. (B) | 24,479 | 307,010 |
| Shree Cement, Ltd. (A) | 1,241 | 467,433 |
| Shriram Transport Finance Company, Ltd. | 18,165 | 329,102 |
| Siemens, Ltd. | 8,414 | 213,183 |
| State Bank of India (A) | 220,284 | 1,047,704 |
| Sun Pharmaceutical Industries, Ltd. | 125,829 | 1,110,543 |
| Tata Consultancy Services, Ltd. | 88,437 | 3,629,532 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| India (continued) | |
| Tata Consumer Products, Ltd. | 61,473 | $555,205 |
| Tata Motors, Ltd. (A) | 263,839 | 1,043,994 |
| Tata Steel, Ltd. | 81,873 | 1,133,605 |
| Tech Mahindra, Ltd. | 125,886 | 1,629,563 |
| Titan Company, Ltd. | 48,134 | 968,139 |
| Torrent Pharmaceuticals, Ltd. | 5,585 | 188,724 |
| UltraTech Cement, Ltd. | 11,948 | 1,008,634 |
| United Breweries, Ltd. | 6,716 | 110,162 |
| United Spirits, Ltd. (A) | 27,854 | 194,787 |
| UPL, Ltd. | 113,629 | 929,619 |
| Vedanta, Ltd. | 352,370 | 1,217,579 |
| Vodafone Idea, Ltd. (A) | 649,238 | 73,187 |
| Voltas, Ltd. | 11,460 | 148,177 |
| Wipro, Ltd. | 203,801 | 1,355,051 |
| Indonesia - 1.6% | 11,908,745 |
| Aneka Tambang Tbk | 525,000 | 90,498 |
| Astra International Tbk PT | 2,444,700 | 930,831 |
| Bank Central Asia Tbk PT | 901,600 | 1,998,874 |
| Bank Mandiri Persero Tbk PT | 2,181,000 | 932,342 |
| Bank Negara Indonesia Persero Tbk PT | 1,271,700 | 501,813 |
| Bank Rakyat Indonesia Persero Tbk PT | 6,441,300 | 1,805,972 |
| Bank Syariah Indonesia Tbk PT (A) | 845,000 | 133,375 |
| Barito Pacific Tbk PT (A) | 2,549,700 | 176,511 |
| Charoen Pokphand Indonesia Tbk PT | 1,189,600 | 580,594 |
| Elang Mahkota Teknologi Tbk PT (A) | 1,160,200 | 179,913 |
| Gudang Garam Tbk PT (A) | 94,600 | 236,418 |
| Indah Kiat Pulp & Paper Tbk PT | 264,200 | 166,440 |
| Indocement Tunggal Prakarsa Tbk PT | 217,300 | 193,306 |
| Indofood CBP Sukses Makmur Tbk PT | 334,800 | 201,645 |
| Indofood Sukses Makmur Tbk PT | 800,200 | 361,461 |
| Kalbe Farma Tbk PT | 3,033,200 | 302,375 |
| Mayora Indah Tbk PT | 655,400 | 111,615 |
| Merdeka Copper Gold Tbk PT (A) | 1,141,600 | 207,061 |
| Sarana Menara Nusantara Tbk PT | 2,560,500 | 202,075 |
| Semen Indonesia Persero Tbk PT | 488,500 | 352,552 |
| Telkom Indonesia Persero Tbk PT | 7,231,700 | 1,602,038 |
| United Tractors Tbk PT | 386,200 | 566,133 |
| Vale Indonesia Tbk PT (A) | 234,700 | 74,903 |
| Malaysia - 1.8% | 13,648,584 |
| Axiata Group BHD | 350,795 | 331,407 |
| CIMB Group Holdings BHD | 626,116 | 632,780 |
| Dialog Group BHD | 419,400 | 311,243 |
| DiGi.Com BHD | 337,000 | 344,700 |
| Fraser & Neave Holdings BHD | 11,100 | 81,291 |
| Genting BHD | 360,100 | 437,774 |
| Genting Malaysia BHD | 422,600 | 297,112 |
| HAP Seng Consolidated BHD | 66,500 | 130,357 |
| Hartalega Holdings BHD | 221,100 | 554,855 |
| Hong Leong Bank BHD | 71,600 | 311,472 |
| Hong Leong Financial Group BHD | 43,600 | 176,469 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 43 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Malaysia (continued) | |
| IHH Healthcare BHD | 206,200 | $270,812 |
| IOI Corp. BHD | 211,000 | 210,670 |
| KLCCP Stapled Group | 32,000 | 54,213 |
| Kuala Lumpur Kepong BHD | 43,775 | 235,097 |
| Malayan Banking BHD | 606,927 | 1,219,366 |
| Maxis BHD | 224,300 | 251,875 |
| MISC BHD | 160,600 | 265,811 |
| Nestle Malaysia BHD | 5,700 | 188,822 |
| Petronas Chemicals Group BHD | 186,800 | 373,928 |
| Petronas Dagangan BHD | 50,800 | 250,007 |
| Petronas Gas BHD | 65,700 | 252,446 |
| PPB Group BHD | 92,600 | 418,196 |
| Press Metal Aluminium Holdings BHD | 412,000 | 522,996 |
| Public Bank BHD | 1,953,500 | 1,979,061 |
| RHB Bank BHD | 297,700 | 378,629 |
| Sime Darby BHD | 459,500 | 253,508 |
| Sime Darby Plantation BHD | 219,100 | 242,826 |
| Supermax Corp. BHD | 66,364 | 97,689 |
| Telekom Malaysia BHD | 210,400 | 293,278 |
| Tenaga Nasional BHD | 573,200 | 1,393,680 |
| Top Glove Corp. BHD | 518,400 | 715,008 |
| Westports Holdings BHD | 163,100 | 171,206 |
| Mexico - 2.3% | 16,667,087 |
| America Movil SAB de CV, Series L | 2,787,588 | 1,960,687 |
| Arca Continental SAB de CV | 57,664 | 311,522 |
| Cemex SAB de CV (A) | 2,290,488 | 1,816,541 |
| Coca-Cola Femsa SAB de CV | 64,612 | 304,316 |
| El Puerto de Liverpool SAB de CV, Series C1 (C) | 21,456 | 90,782 |
| Fibra Uno Administracion SA de CV | 257,240 | 318,769 |
| Fomento Economico Mexicano SAB de CV | 148,648 | 1,158,488 |
| Gruma SAB de CV, Class B | 23,595 | 258,037 |
| Grupo Aeroportuario del Pacifico SAB de CV, Series B (A) | 50,928 | 526,408 |
| Grupo Aeroportuario del Sureste SAB de CV, Series B (A) | 22,399 | 380,865 |
| Grupo Bimbo SAB de CV, Series A | 293,700 | 588,725 |
| Grupo Carso SAB de CV, Series A1 (A) | 54,804 | 156,742 |
| Grupo Elektra SAB de CV | 4,081 | 307,083 |
| Grupo Financiero Banorte SAB de CV, Series O | 282,204 | 1,608,917 |
| Grupo Financiero Inbursa SAB de CV, Series O (A) | 409,240 | 383,387 |
| Grupo Mexico SAB de CV, Series B | 486,708 | 2,216,597 |
| Grupo Televisa SAB (A) | 373,752 | 935,005 |
| Industrias Penoles SAB de CV (A) | 15,643 | 201,778 |
| Infraestructura Energetica Nova SAB de CV (A) | 79,836 | 344,283 |
| Kimberly-Clark de Mexico SAB de CV, Class A | 162,500 | 282,801 |
| Orbia Advance Corp. SAB de CV | 195,400 | 548,780 |
| Wal-Mart de Mexico SAB de CV | 597,240 | 1,966,574 |
| Philippines - 0.9% | 6,916,190 |
| Aboitiz Equity Ventures, Inc. | 275,810 | 203,349 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Philippines (continued) | |
| Aboitiz Power Corp. | 441,000 | $210,654 |
| Ayala Corp. | 29,860 | 459,528 |
| Ayala Land, Inc. | 778,200 | 520,416 |
| Bank of the Philippine Islands | 382,540 | 657,826 |
| BDO Unibank, Inc. | 271,890 | 582,178 |
| Globe Telecom, Inc. | 5,620 | 213,945 |
| International Container Terminal Services, Inc. | 144,040 | 388,594 |
| JG Summit Holdings, Inc. | 365,153 | 400,038 |
| Jollibee Foods Corp. | 42,190 | 154,215 |
| Manila Electric Company | 46,360 | 262,659 |
| Metropolitan Bank & Trust Company | 351,352 | 321,069 |
| PLDT, Inc. | 18,555 | 491,717 |
| San Miguel Corp. | 80,499 | 192,261 |
| SM Investments Corp. | 31,765 | 633,981 |
| SM Prime Holdings, Inc. | 1,135,800 | 812,634 |
| Universal Robina Corp. | 144,600 | 411,126 |
| Poland - 0.9% | 6,321,349 |
| Allegro.eu SA (A)(B) | 21,899 | 336,023 |
| Bank Polska Kasa Opieki SA (A) | 20,290 | 428,607 |
| CD Projekt SA (A) | 5,895 | 270,896 |
| Cyfrowy Polsat SA | 50,542 | 393,766 |
| Dino Polska SA (A)(B) | 5,891 | 382,778 |
| ING Bank Slaski SA (A) | 4,080 | 186,715 |
| KGHM Polska Miedz SA (A) | 17,528 | 900,212 |
| LPP SA (A) | 186 | 481,070 |
| PGE Polska Grupa Energetyczna SA (A) | 113,033 | 301,298 |
| Polski Koncern Naftowy ORLEN SA | 49,093 | 864,461 |
| Polskie Gornictwo Naftowe i Gazownictwo SA | 239,598 | 416,082 |
| Powszechna Kasa Oszczednosci Bank Polski SA (A) | 87,539 | 814,848 |
| Powszechny Zaklad Ubezpieczen SA (A) | 41,017 | 353,657 |
| Santander Bank Polska SA (A) | 3,224 | 190,936 |
| Russia - 2.5% | 18,540,395 |
| Gazprom PJSC, ADR | 594,232 | 3,603,268 |
| Lukoil PJSC, ADR | 58,602 | 4,493,601 |
| MMC Norilsk Nickel PJSC, ADR | 419 | 14,313 |
| MMC Norilsk Nickel PJSC, ADR (London Stock Exchange) | 102,585 | 3,480,709 |
| Novatek PJSC, GDR | 6,028 | 1,085,341 |
| Polyus PJSC, GDR | 6,854 | 634,926 |
| Polyus PJSC, GDR (London Stock Exchange) | 90 | 8,339 |
| Rosneft Oil Company PJSC, GDR | 2,149 | 14,858 |
| Rosneft Oil Company PJSC, GDR (London Stock Exchange) | 148,605 | 1,027,455 |
| Sberbank of Russia PJSC, ADR | 265,412 | 4,177,585 |
| Saudi Arabia - 2.1% | 15,353,668 |
| Al Rajhi Bank | 97,206 | 2,563,578 |
| Alinma Bank | 77,928 | 412,280 |
| Almarai Company JSC | 20,322 | 291,545 |
| Bank AlBilad (A) | 23,986 | 239,534 |
| 44 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Saudi Arabia (continued) | |
| Banque Saudi Fransi | 38,514 | $400,535 |
| Bupa Arabia for Cooperative Insurance Company (A) | 2,079 | 64,087 |
| Dr Sulaiman Al Habib Medical Services Group Company | 8,021 | 323,398 |
| Etihad Etisalat Company (A) | 54,889 | 453,005 |
| Jarir Marketing Company | 6,406 | 339,936 |
| National Petrochemical Company | 6,273 | 81,212 |
| Riyad Bank | 73,293 | 520,855 |
| SABIC Agri-Nutrients Company | 26,252 | 735,036 |
| Saudi Arabian Mining Company (A) | 35,311 | 539,538 |
| Saudi Basic Industries Corp. | 70,239 | 2,322,508 |
| Saudi Electricity Company | 95,030 | 658,857 |
| Saudi Kayan Petrochemical Company (A) | 72,992 | 354,245 |
| Saudi Telecom Company | 47,380 | 1,604,560 |
| The Saudi National Bank | 189,107 | 2,864,264 |
| The Savola Group | 21,186 | 225,696 |
| Yanbu National Petrochemical Company | 18,417 | 358,999 |
| South Africa - 4.4% | 32,095,664 |
| Absa Group, Ltd. (A) | 121,649 | 1,026,774 |
| African Rainbow Minerals, Ltd. | 12,617 | 235,781 |
| Anglo American Platinum, Ltd. | 6,184 | 846,054 |
| AngloGold Ashanti, Ltd. | 66,341 | 1,372,777 |
| Aspen Pharmacare Holdings, Ltd. (A) | 37,271 | 414,907 |
| Bid Corp., Ltd. (A) | 64,434 | 1,269,893 |
| Capitec Bank Holdings, Ltd. (A)(C) | 11,258 | 1,153,465 |
| Clicks Group, Ltd. | 31,117 | 519,493 |
| Discovery, Ltd. (A) | 111,336 | 1,013,018 |
| Exxaro Resources, Ltd. (C) | 32,654 | 343,252 |
| FirstRand, Ltd. | 720,595 | 2,535,183 |
| Gold Fields, Ltd. | 171,701 | 1,623,807 |
| Impala Platinum Holdings, Ltd. | 106,437 | 1,992,131 |
| Kumba Iron Ore, Ltd. | 6,541 | 296,821 |
| MTN Group, Ltd. (A) | 375,246 | 2,369,811 |
| Naspers, Ltd., N Shares | 24,810 | 5,661,297 |
| Nedbank Group, Ltd. (A) | 67,534 | 688,304 |
| Northam Platinum, Ltd. (A) | 38,184 | 657,978 |
| Old Mutual, Ltd. (C) | 637,885 | 558,172 |
| Sanlam, Ltd. | 411,141 | 1,587,601 |
| Sasol, Ltd. (A) | 65,762 | 1,106,044 |
| Shoprite Holdings, Ltd. (C) | 68,297 | 680,687 |
| Sibanye Stillwater, Ltd. | 236,797 | 1,105,352 |
| Standard Bank Group, Ltd. (C) | 260,126 | 2,115,972 |
| Vodacom Group, Ltd. | 106,281 | 921,090 |
| South Korea - 14.1% | 103,493,338 |
| Alteogen, Inc. (A) | 1,618 | 117,384 |
| Amorepacific Corp. | 2,454 | 596,761 |
| AMOREPACIFIC Group | 3,348 | 221,224 |
| Celltrion Healthcare Company, Ltd. (A) | 6,034 | 608,635 |
| Celltrion Pharm, Inc. (A) | 813 | 97,208 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| South Korea (continued) | |
| Celltrion, Inc. (A) | 8,682 | $2,076,156 |
| CJ CheilJedang Corp. | 1,599 | 568,530 |
| CJ Logistics Corp. (A) | 717 | 110,546 |
| Coway Company, Ltd. | 9,695 | 583,086 |
| E-MART, Inc. | 3,313 | 500,368 |
| GS Holdings Corp. | 8,480 | 328,192 |
| Hana Financial Group, Inc. | 46,651 | 1,914,522 |
| Hanjin Kal Corp. (A) | 1,408 | 70,251 |
| Hankook Tire & Technology Company, Ltd. | 14,736 | 637,211 |
| Hanmi Pharm Company, Ltd. | 645 | 195,990 |
| Hanon Systems | 22,247 | 324,000 |
| Hanwha Solutions Corp. (A) | 16,372 | 677,782 |
| HLB, Inc. (A) | 3,111 | 92,573 |
| HMM Company, Ltd. (A) | 22,576 | 795,594 |
| Hyundai Engineering & Construction Company, Ltd. | 11,782 | 533,836 |
| Hyundai Glovis Company, Ltd. | 3,994 | 689,395 |
| Hyundai Heavy Industries Holdings Company, Ltd. | 7,340 | 464,544 |
| Hyundai Mobis Company, Ltd. | 7,189 | 1,744,981 |
| Hyundai Motor Company | 15,288 | 2,913,702 |
| Hyundai Steel Company | 12,278 | 612,603 |
| Industrial Bank of Korea | 49,778 | 433,630 |
| Kakao Corp. | 19,608 | 2,000,726 |
| Kangwon Land, Inc. (A) | 9,870 | 224,490 |
| KB Financial Group, Inc. | 51,135 | 2,514,572 |
| Kia Corp. | 31,496 | 2,180,242 |
| Korea Electric Power Corp. | 38,687 | 822,536 |
| Korea Investment Holdings Company, Ltd. | 5,664 | 570,295 |
| Korea Shipbuilding & Offshore Engineering Company, Ltd. (A) | 6,427 | 886,901 |
| Korea Zinc Company, Ltd. | 1,592 | 638,317 |
| Korean Air Lines Company, Ltd. (A) | 8,605 | 208,095 |
| KT&G Corp. | 11,203 | 829,889 |
| Kumho Petrochemical Company, Ltd. | 873 | 204,054 |
| LG Chem, Ltd. | 2,882 | 2,414,729 |
| LG Corp. | 22,558 | 2,565,368 |
| LG Display Company, Ltd. (A) | 40,836 | 892,089 |
| LG Electronics, Inc. | 29,037 | 4,111,411 |
| LG Household & Health Care, Ltd. | 1,143 | 1,581,406 |
| LG Innotek Company, Ltd. | 1,360 | 245,750 |
| LG Uplus Corp. | 64,099 | 760,648 |
| Lotte Chemical Corp. | 2,931 | 801,028 |
| Lotte Corp. | 6,842 | 225,124 |
| Mirae Asset Securities Company, Ltd. | 56,248 | 505,668 |
| NAVER Corp. | 8,696 | 2,810,457 |
| NCSoft Corp. | 1,975 | 1,473,682 |
| Netmarble Corp. (B) | 2,656 | 309,212 |
| Orion Corp. | 2,937 | 308,922 |
| POSCO | 9,497 | 3,107,752 |
| POSCO Chemical Company, Ltd. | 2,009 | 269,107 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 45 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| South Korea (continued) | |
| S-1 Corp. | 2,512 | $184,050 |
| Samsung Biologics Company, Ltd. (A)(B) | 873 | 630,999 |
| Samsung C&T Corp. | 10,534 | 1,287,926 |
| Samsung Card Company, Ltd. | 4,122 | 130,810 |
| Samsung Electro-Mechanics Company, Ltd. | 6,871 | 1,105,685 |
| Samsung Electronics Company, Ltd. | 398,156 | 29,172,216 |
| Samsung Fire & Marine Insurance Company, Ltd. | 5,689 | 1,012,651 |
| Samsung Heavy Industries Company, Ltd. (A) | 76,428 | 515,314 |
| Samsung Life Insurance Company, Ltd. | 12,916 | 948,656 |
| Samsung SDI Company, Ltd. | 3,729 | 2,192,445 |
| Samsung SDS Company, Ltd. | 3,475 | 571,695 |
| Seegene, Inc. | 3,990 | 335,743 |
| Shin Poong Pharmaceutical Company, Ltd. | 1,045 | 65,574 |
| Shinhan Financial Group Company, Ltd. | 62,485 | 2,246,955 |
| SK Biopharmaceuticals Company, Ltd. (A) | 1,114 | 109,162 |
| SK Holdings Company, Ltd. | 4,647 | 1,153,029 |
| SK Hynix, Inc. | 50,381 | 5,797,427 |
| SK Innovation Company, Ltd. (A) | 8,473 | 2,060,454 |
| SK Telecom Company, Ltd. | 4,823 | 1,315,935 |
| S-Oil Corp. (A) | 4,937 | 386,580 |
| Woori Financial Group, Inc. | 72,567 | 698,042 |
| Yuhan Corp. | 3,474 | 200,816 |
| Taiwan - 16.3% | 119,646,929 |
| Accton Technology Corp. | 60,000 | 683,063 |
| Advantech Company, Ltd. | 50,989 | 649,844 |
| ASE Technology Holding Company, Ltd. | 621,000 | 2,623,349 |
| Asia Cement Corp. | 434,000 | 776,082 |
| ASMedia Technology, Inc. | 3,000 | 126,732 |
| Asustek Computer, Inc. | 106,000 | 1,426,843 |
| AU Optronics Corp. | 1,448,000 | 1,718,441 |
| Catcher Technology Company, Ltd. | 121,000 | 855,529 |
| Cathay Financial Holding Company, Ltd. | 1,064,359 | 1,992,839 |
| Chailease Holding Company, Ltd. | 243,768 | 1,762,830 |
| Chang Hwa Commercial Bank, Ltd. | 1,063,993 | 681,827 |
| Cheng Shin Rubber Industry Company, Ltd. | 391,000 | 757,280 |
| China Development Financial Holding Corp. | 2,557,000 | 1,194,603 |
| China Life Insurance Company, Ltd. | 620,432 | 588,603 |
| China Steel Corp. | 1,860,000 | 2,616,905 |
| Chunghwa Telecom Company, Ltd. | 345,000 | 1,408,012 |
| Compal Electronics, Inc. | 714,000 | 639,029 |
| CTBC Financial Holding Company, Ltd. | 2,421,000 | 1,976,114 |
| Delta Electronics, Inc. | 226,000 | 2,447,464 |
| E.Sun Financial Holding Company, Ltd. | 1,626,328 | 1,569,095 |
| Eclat Textile Company, Ltd. | 24,000 | 460,531 |
| Evergreen Marine Corp. Taiwan, Ltd. (A) | 284,000 | 803,208 |
| Far Eastern New Century Corp. | 695,000 | 827,292 |
| Far EasTone Telecommunications Company, Ltd. | 292,000 | 680,528 |
| Feng TAY Enterprise Company, Ltd. | 110,680 | 822,185 |
| First Financial Holding Company, Ltd. | 1,776,668 | 1,456,546 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Taiwan (continued) | |
| Formosa Chemicals & Fibre Corp. | 480,000 | $1,562,023 |
| Formosa Petrochemical Corp. | 197,000 | 729,943 |
| Formosa Plastics Corp. | 502,000 | 1,904,987 |
| Fubon Financial Holding Company, Ltd. | 1,010,000 | 2,321,340 |
| Globalwafers Company, Ltd. | 46,000 | 1,422,833 |
| Hiwin Technologies Corp. | 26,177 | 398,283 |
| Hon Hai Precision Industry Company, Ltd. | 1,171,800 | 4,866,244 |
| Hotai Motor Company, Ltd. | 42,000 | 908,173 |
| Hua Nan Financial Holdings Company, Ltd. | 1,783,360 | 1,213,040 |
| Innolux Corp. (A) | 1,511,000 | 1,628,221 |
| Inventec Corp. | 449,000 | 436,414 |
| Largan Precision Company, Ltd. | 12,000 | 1,336,054 |
| Lite-On Technology Corp. | 411,000 | 940,211 |
| MediaTek, Inc. | 185,000 | 8,013,057 |
| Mega Financial Holding Company, Ltd. | 1,344,000 | 1,570,959 |
| Micro-Star International Company, Ltd. | 70,000 | 462,356 |
| momo.com, Inc. | 3,000 | 110,622 |
| Nan Ya Plastics Corp. | 713,000 | 2,251,337 |
| Nan Ya Printed Circuit Board Corp. | 22,000 | 250,850 |
| Nanya Technology Corp. | 188,000 | 616,504 |
| Novatek Microelectronics Corp. | 80,000 | 1,787,134 |
| Oneness Biotech Company, Ltd. (A) | 14,000 | 118,283 |
| Pegatron Corp. | 385,000 | 1,014,427 |
| Pou Chen Corp. | 461,000 | 587,534 |
| President Chain Store Corp. | 91,000 | 882,863 |
| Quanta Computer, Inc. | 390,000 | 1,373,859 |
| Realtek Semiconductor Corp. | 56,000 | 1,066,552 |
| Shin Kong Financial Holding Company, Ltd. | 2,204,535 | 797,115 |
| SinoPac Financial Holdings Company, Ltd. | 1,989,000 | 947,041 |
| Taishin Financial Holding Company, Ltd. | 2,135,562 | 1,077,987 |
| Taiwan Cement Corp. | 802,164 | 1,496,178 |
| Taiwan Cooperative Financial Holding Company, Ltd. | 1,603,803 | 1,228,704 |
| Taiwan High Speed Rail Corp. | 321,000 | 361,417 |
| Taiwan Mobile Company, Ltd. | 207,000 | 741,059 |
| Taiwan Semiconductor Manufacturing Company, Ltd. | 1,348,000 | 28,954,999 |
| Unimicron Technology Corp. | 134,000 | 551,677 |
| Uni-President Enterprises Corp. | 790,000 | 2,123,975 |
| United Microelectronics Corp. | 2,060,000 | 4,181,506 |
| Vanguard International Semiconductor Corp. | 147,000 | 628,880 |
| Walsin Technology Corp. | 42,000 | 364,622 |
| Win Semiconductors Corp. | 47,000 | 616,672 |
| Winbond Electronics Corp. | 308,000 | 393,642 |
| Wiwynn Corp. | 17,000 | 556,260 |
| Yageo Corp. | 48,000 | 933,090 |
| Yuanta Financial Holding Company, Ltd. | 2,162,360 | 2,012,722 |
| Zhen Ding Technology Holding, Ltd. | 95,000 | 360,506 |
| Thailand - 1.9% | 13,931,790 |
| Advanced Info Service PCL, NVDR | 130,300 | 715,578 |
| Airports of Thailand PCL, NVDR | 279,000 | 555,536 |
| 46 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Thailand (continued) | |
| B Grimm Power PCL, NVDR | 71,700 | $98,440 |
| Bangkok Bank PCL, NVDR | 60,100 | 234,513 |
| Bangkok Dusit Medical Services PCL, NVDR | 361,700 | 252,072 |
| Bangkok Expressway & Metro PCL, NVDR | 738,000 | 189,611 |
| Bank of Ayudhya PCL, NVDR | 99,900 | 120,313 |
| Berli Jucker PCL, NVDR | 178,500 | 203,509 |
| BTS Group Holdings PCL, NVDR | 880,500 | 253,086 |
| Bumrungrad Hospital PCL, NVDR | 39,100 | 168,267 |
| Carabao Group PCL, NVDR | 30,800 | 111,281 |
| Central Pattana PCL, NVDR | 152,100 | 255,230 |
| Central Retail Corp. PCL, NVDR | 193,500 | 217,503 |
| Charoen Pokphand Foods PCL, NVDR | 736,500 | 685,941 |
| CP ALL PCL, NVDR | 496,100 | 995,785 |
| Delta Electronics Thailand PCL, NVDR | 36,500 | 414,966 |
| Electricity Generating PCL, NVDR | 36,100 | 204,629 |
| Energy Absolute PCL, NVDR | 221,400 | 433,734 |
| Global Power Synergy PCL, NVDR | 100,086 | 233,842 |
| Gulf Energy Development PCL, NVDR | 329,440 | 365,016 |
| Home Product Center PCL, NVDR | 469,300 | 212,513 |
| Indorama Ventures PCL, NVDR | 240,300 | 370,434 |
| Intouch Holdings PCL, NVDR | 107,300 | 219,683 |
| Kasikornbank PCL, NVDR | 68,800 | 291,661 |
| Krung Thai Bank PCL, NVDR | 541,800 | 196,623 |
| Krungthai Card PCL, NVDR | 90,000 | 220,393 |
| Land & Houses PCL, NVDR | 477,100 | 132,538 |
| Minor International PCL, NVDR (A) | 313,829 | 302,364 |
| Muangthai Capital PCL, NVDR | 80,100 | 164,637 |
| Osotspa PCL, NVDR | 97,400 | 111,828 |
| PTT Exploration & Production PCL, NVDR | 304,100 | 1,162,197 |
| PTT Global Chemical PCL, NVDR | 195,000 | 424,287 |
| PTT PCL, NVDR | 1,037,900 | 1,333,312 |
| Thai Beverage PCL | 1,147,500 | 616,704 |
| Thai Oil PCL, NVDR | 141,700 | 269,634 |
| The Siam Cement PCL, NVDR | 36,000 | 534,147 |
| The Siam Commercial Bank PCL, NVDR | 96,200 | 324,400 |
| TMB Bank PCL, NVDR | 2,643,889 | 99,345 |
| True Corp. PCL, NVDR | 2,256,400 | 236,238 |
| Turkey - 0.3% | 2,152,412 |
| Akbank T.A.S. | 354,900 | 208,865 |
| Aselsan Elektronik Sanayi Ve Ticaret AS | 41,658 | 75,358 |
| BIM Birlesik Magazalar AS | 55,260 | 433,177 |
| Enka Insaat ve Sanayi AS | 152,457 | 144,330 |
| Eregli Demir ve Celik Fabrikalari TAS | 117,610 | 270,055 |
| Ford Otomotiv Sanayi AS | 9,339 | 197,998 |
| KOC Holding AS | 86,471 | 190,941 |
| Turkcell Iletisim Hizmetleri AS | 122,888 | 219,930 |
| Turkiye Garanti Bankasi AS | 264,932 | 230,362 |
| Turkiye Is Bankasi AS, Class C | 172,763 | 101,466 |
| Turkiye Petrol Rafinerileri AS (A) | 7,553 | 79,930 |
MULTIFACTOR EMERGING MARKETS ETF (continued)
| | Shares or
Principal
Amount | Value |
|
| PREFERRED SECURITIES - 1.2% | $8,993,390 |
| (Cost $12,540,097) | | |
| Brazil - 1.1% | 8,368,694 |
| Banco Bradesco SA | 427,158 | $1,877,834 |
| Banco Inter SA (B) | 16,700 | 239,730 |
| Braskem SA, A Shares (A) | 25,400 | 245,795 |
| Centrais Eletricas Brasileiras SA, B Shares | 31,860 | 217,167 |
| Gerdau SA | 128,500 | 786,834 |
| Itau Unibanco Holding SA | 345,250 | 1,751,944 |
| Lojas Americanas SA | 85,318 | 328,046 |
| Petroleo Brasileiro SA | 671,000 | 2,921,344 |
| Chile - 0.1% | 624,696 |
|
| Sociedad Quimica y Minera de Chile SA, B Shares | 11,914 | 624,696 |
|
| INVESTMENT COMPANIES - 0.0% | $120,451 |
| (Cost $107,233) | | |
| South Korea - 0.0% | 120,451 |
|
| Macquarie Korea Infrastructure Fund | 11,119 | 120,451 |
|
| WARRANTS - 0.0% | $5,285 |
| (Cost $0) | | |
| Minor International PCL (Expiration Date: 7-31-23; Strike Price: THB 21.60) (A) | 16,456 | 5,285 |
|
| SHORT-TERM INVESTMENTS - 0.2% | $1,394,047 |
| (Cost $1,394,076) | | |
| Short-term funds - 0.2% | 1,394,047 |
| John Hancock Collateral Trust, 0.0360% (D)(E) | 116,460 | 1,165,140 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (D) | 228,907 | 228,907 |
| Total investments (Multifactor Emerging Markets ETF) (Cost $584,771,316) - 100.3% | $738,189,420 |
| Other assets and liabilities, net - (0.3%) | (2,215,904) |
| Total net assets - 100.0% | $735,973,516 |
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| Currency Abbreviations |
| THB | Thai Bhat |
| Security Abbreviations and Legend |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| NVDR | Non-Voting Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (C) | All or a portion of this security is on loan as of 4-30-21. |
| (D) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 47 |
MULTIFACTOR ENERGY ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 99.9% | | $20,536,525 |
| (Cost $21,349,933) | | |
| Energy – 99.9% | 20,536,525 |
| Energy equipment and services – 13.0% | |
| Baker Hughes Company | 30,664 | 615,733 |
| Halliburton Company | 34,011 | 665,255 |
| NOV, Inc. (A) | 16,337 | 244,238 |
| Schlumberger NV | 42,568 | 1,151,464 |
| Oil, gas and consumable fuels – 86.9% | |
| APA Corp. | 12,430 | 248,600 |
| Cabot Oil & Gas Corp. | 16,006 | 266,820 |
| Cheniere Energy, Inc. (A) | 7,575 | 587,214 |
| Chevron Corp. | 11,890 | 1,225,502 |
| Cimarex Energy Company | 2,159 | 142,926 |
| ConocoPhillips | 22,844 | 1,168,242 |
| Continental Resources, Inc. | 4,427 | 120,591 |
| Devon Energy Corp. | 21,322 | 498,508 |
| Diamondback Energy, Inc. | 7,036 | 575,052 |
| EOG Resources, Inc. | 18,418 | 1,356,304 |
| EQT Corp. (A) | 12,348 | 235,847 |
| Exxon Mobil Corp. | 21,865 | 1,251,553 |
| Hess Corp. | 10,026 | 747,037 |
| HollyFrontier Corp. | 6,406 | 224,210 |
| Kinder Morgan, Inc. | 53,884 | 918,722 |
| Marathon Oil Corp. | 51,927 | 584,698 |
| Marathon Petroleum Corp. | 20,607 | 1,146,780 |
| New Fortress Energy, Inc. | 1,621 | 68,925 |
| Occidental Petroleum Corp. | 29,758 | 754,663 |
| ONEOK, Inc. | 16,612 | 869,472 |
| Ovintiv, Inc. | 14,112 | 337,700 |
| Phillips 66 | 9,535 | 771,477 |
| Pioneer Natural Resources Company | 6,003 | 923,441 |
| Targa Resources Corp. | 8,887 | 308,290 |
| Texas Pacific Land Corp. | 282 | 434,322 |
| The Williams Companies, Inc. | 39,015 | 950,405 |
| Valero Energy Corp. | 15,448 | 1,142,534 |
|
| SHORT-TERM INVESTMENTS – 0.2% | | $49,215 |
| (Cost $49,215) | | |
| Short-term funds – 0.2% | 49,215 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (B) | 49,215 | 49,215 |
| Total investments (Multifactor Energy ETF) (Cost $21,399,148) 100.1% | $20,585,740 |
| Other assets and liabilities, net (0.1%) | | (25,696) |
| Total net assets 100.0% | | $20,560,044 |
| 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) | The rate shown is the annualized seven-day yield as of 4-30-21. |
MULTIFACTOR FINANCIALS ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 99.9% | | $37,242,859 |
| (Cost $29,782,651) | | |
| Financials – 83.7% | 31,191,577 |
| Banks – 26.2% | |
| Bank of America Corp. | 33,606 | 1,362,051 |
| Bank OZK | 907 | 37,178 |
| BOK Financial Corp. | 342 | 30,075 |
| Citigroup, Inc. | 9,943 | 708,339 |
| Citizens Financial Group, Inc. | 6,214 | 287,584 |
| Comerica, Inc. | 2,042 | 153,477 |
| Commerce Bancshares, Inc. | 1,531 | 119,127 |
| Cullen/Frost Bankers, Inc. | 747 | 89,685 |
| East West Bancorp, Inc. | 1,964 | 149,559 |
| Fifth Third Bancorp | 10,586 | 429,156 |
| First Citizens BancShares, Inc., Class A | 71 | 61,590 |
| First Financial Bankshares, Inc. | 1,600 | 78,528 |
| First Horizon Corp. | 6,939 | 126,914 |
| First Republic Bank | 2,015 | 369,229 |
| Huntington Bancshares, Inc. | 13,800 | 211,416 |
| JPMorgan Chase & Co. | 9,029 | 1,388,750 |
| KeyCorp | 14,212 | 309,253 |
| M&T Bank Corp. | 1,568 | 247,258 |
| People's United Financial, Inc. | 5,183 | 93,968 |
| Pinnacle Financial Partners, Inc. | 550 | 48,202 |
| Popular, Inc. | 696 | 51,476 |
| Prosperity Bancshares, Inc. | 1,133 | 83,117 |
| Regions Financial Corp. | 13,118 | 285,972 |
| Signature Bank | 726 | 182,596 |
| South State Corp. | 521 | 43,931 |
| SVB Financial Group (A) | 674 | 385,413 |
| Synovus Financial Corp. | 1,050 | 49,203 |
| TCF Financial Corp. | 1,314 | 59,813 |
| The PNC Financial Services Group, Inc. | 2,534 | 473,731 |
| Truist Financial Corp. | 6,705 | 397,674 |
| U.S. Bancorp | 8,022 | 476,106 |
| Wells Fargo & Company | 15,412 | 694,311 |
| Western Alliance Bancorp | 1,355 | 142,370 |
| Zions Bancorp NA | 2,596 | 144,857 |
| Capital markets – 22.9% | |
| Affiliated Managers Group, Inc. | 310 | 49,963 |
| Ameriprise Financial, Inc. | 1,709 | 441,606 |
| Apollo Global Management, Inc. | 1,347 | 74,583 |
| Ares Management Corp., Class A | 882 | 46,323 |
| BlackRock, Inc. | 564 | 462,085 |
| Cboe Global Markets, Inc. | 1,304 | 136,098 |
| CME Group, Inc. | 1,677 | 338,737 |
| FactSet Research Systems, Inc. | 502 | 168,782 |
| Franklin Resources, Inc. | 4,107 | 123,210 |
| Interactive Brokers Group, Inc., Class A | 845 | 60,434 |
| Intercontinental Exchange, Inc. | 3,059 | 360,075 |
| Invesco, Ltd. | 5,840 | 157,680 |
| 48 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR FINANCIALS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Capital markets (continued) | |
| Janus Henderson Group PLC | 1,935 | $66,545 |
| KKR & Company, Inc. | 3,625 | 205,103 |
| LPL Financial Holdings, Inc. | 1,142 | 178,951 |
| MarketAxess Holdings, Inc. | 424 | 207,107 |
| Moody's Corp. | 1,010 | 329,977 |
| Morgan Stanley | 7,452 | 615,163 |
| Morningstar, Inc. | 295 | 78,178 |
| MSCI, Inc. | 786 | 381,815 |
| Nasdaq, Inc. | 1,425 | 230,195 |
| Northern Trust Corp. | 2,783 | 316,705 |
| Raymond James Financial, Inc. | 1,706 | 223,111 |
| S&P Global, Inc. | 982 | 383,363 |
| SEI Investments Company | 1,954 | 120,054 |
| State Street Corp. | 4,952 | 415,720 |
| Stifel Financial Corp. | 882 | 61,026 |
| T. Rowe Price Group, Inc. | 2,858 | 512,154 |
| The Bank of New York Mellon Corp. | 6,272 | 312,847 |
| The Blackstone Group, Inc. | 3,561 | 315,113 |
| The Charles Schwab Corp. | 6,759 | 475,834 |
| The Goldman Sachs Group, Inc. | 1,734 | 604,212 |
| Tradeweb Markets, Inc., Class A | 608 | 49,418 |
| Virtu Financial, Inc., Class A | 677 | 20,060 |
| Consumer finance – 6.4% | |
| Ally Financial, Inc. | 7,055 | 362,980 |
| American Express Company | 2,689 | 412,358 |
| Capital One Financial Corp. | 3,390 | 505,381 |
| Credit Acceptance Corp. (A)(B) | 156 | 61,587 |
| Discover Financial Services | 4,064 | 463,296 |
| OneMain Holdings, Inc. | 1,408 | 80,073 |
| Santander Consumer USA Holdings, Inc. | 1,644 | 55,797 |
| SLM Corp. | 3,076 | 60,474 |
| Synchrony Financial | 8,838 | 386,574 |
| Diversified financial services – 5.0% | |
| Berkshire Hathaway, Inc., Class B (A) | 5,255 | 1,444,860 |
| Equitable Holdings, Inc. | 4,840 | 165,673 |
| Jefferies Financial Group, Inc. | 3,135 | 101,919 |
| Voya Financial, Inc. | 1,958 | 132,792 |
| Insurance – 23.0% | |
| Aflac, Inc. | 7,080 | 380,408 |
| Alleghany Corp. (A) | 179 | 121,536 |
| American Financial Group, Inc. | 1,025 | 125,932 |
| American International Group, Inc. | 8,407 | 407,319 |
| Aon PLC, Class A | 1,407 | 353,776 |
| Arch Capital Group, Ltd. (A) | 4,135 | 164,201 |
| Arthur J. Gallagher & Company | 2,316 | 335,704 |
| Assurant, Inc. | 765 | 119,034 |
| Athene Holding, Ltd., Class A (A) | 2,359 | 140,762 |
| Brown & Brown, Inc. | 3,128 | 166,347 |
| Chubb, Ltd. | 1,934 | 331,855 |
MULTIFACTOR FINANCIALS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Insurance (continued) | |
| Cincinnati Financial Corp. | 1,920 | $216,346 |
| CNA Financial Corp. | 439 | 20,602 |
| Erie Indemnity Company, Class A | 362 | 77,475 |
| Everest Re Group, Ltd. | 516 | 142,906 |
| Fidelity National Financial, Inc. | 4,182 | 190,783 |
| First American Financial Corp. | 1,712 | 110,424 |
| Globe Life, Inc. | 1,421 | 145,638 |
| Kemper Corp. | 864 | 67,444 |
| Lemonade, Inc. (A)(B) | 200 | 18,080 |
| Lincoln National Corp. | 2,644 | 169,560 |
| Loews Corp. | 3,296 | 183,752 |
| Markel Corp. (A) | 143 | 168,228 |
| Marsh & McLennan Companies, Inc. | 3,289 | 446,317 |
| MetLife, Inc. | 5,028 | 319,932 |
| Old Republic International Corp. | 3,895 | 95,895 |
| Primerica, Inc. | 573 | 91,548 |
| Principal Financial Group, Inc. | 3,770 | 240,790 |
| Prudential Financial, Inc. | 4,335 | 435,061 |
| Reinsurance Group of America, Inc. | 899 | 117,346 |
| RenaissanceRe Holdings, Ltd. | 541 | 91,326 |
| The Allstate Corp. | 4,308 | 546,254 |
| The Hartford Financial Services Group, Inc. | 6,376 | 420,561 |
| The Progressive Corp. | 3,809 | 383,719 |
| The Travelers Companies, Inc. | 3,896 | 602,555 |
| Unum Group | 3,074 | 86,871 |
| W.R. Berkley Corp. | 1,830 | 145,888 |
| Willis Towers Watson PLC | 1,501 | 388,549 |
| Thrifts and mortgage finance – 0.2% | |
| New York Community Bancorp, Inc. | 5,946 | 71,114 |
| Rocket Companies, Inc., Class A | 511 | 11,472 |
| TFS Financial Corp. | 530 | 10,367 |
| Industrials – 1.6% | 614,503 |
| Professional services – 1.6% | |
| Dun & Bradstreet Holdings, Inc. (A) | 1,542 | 36,638 |
| Equifax, Inc. | 1,440 | 330,091 |
| TransUnion | 2,369 | 247,774 |
| Information technology – 14.6% | 5,436,779 |
| IT services – 14.6% | |
| Affirm Holdings, Inc. (A) | 101 | 7,121 |
| Euronet Worldwide, Inc. (A) | 569 | 81,612 |
| Fidelity National Information Services, Inc. | 1,945 | 297,391 |
| Fiserv, Inc. (A) | 1,846 | 221,742 |
| FleetCor Technologies, Inc. (A) | 1,103 | 317,355 |
| Global Payments, Inc. | 1,459 | 313,145 |
| Jack Henry & Associates, Inc. | 894 | 145,570 |
| Mastercard, Inc., Class A | 3,171 | 1,211,512 |
| PayPal Holdings, Inc. (A) | 3,985 | 1,045,226 |
| Shift4 Payments, Inc., Class A (A) | 150 | 14,834 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 49 |
MULTIFACTOR FINANCIALS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| IT services (continued) | |
| Square, Inc., Class A (A) | 849 | $207,852 |
| The Western Union Company | 4,714 | 121,433 |
| Visa, Inc., Class A | 5,759 | 1,345,072 |
| WEX, Inc. (A) | 521 | 106,914 |
|
| SHORT-TERM INVESTMENTS – 0.2% | | $77,248 |
| (Cost $77,248) | | |
| Short-term funds – 0.2% | 77,248 |
| John Hancock Collateral Trust, 0.0360% (C)(D) | 1,700 | 17,009 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 60,239 | 60,239 |
| Total investments (Multifactor Financials ETF) (Cost $29,859,899) 100.1% | $37,320,107 |
| Other assets and liabilities, net (0.1%) | | (42,194) |
| Total net assets 100.0% | | $37,277,913 |
| 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 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (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 HEALTHCARE ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 100.0% | | $51,944,903 |
| (Cost $41,383,333) | | |
| Consumer discretionary – 0.5% | 240,694 |
| Diversified consumer services – 0.5% | |
| Service Corp. International | 4,504 | 240,694 |
| Health care – 99.5% | 51,704,209 |
| Biotechnology – 15.5% | |
| AbbVie, Inc. | 10,625 | 1,184,688 |
| ACADIA Pharmaceuticals, Inc. (A) | 1,322 | 27,180 |
| Acceleron Pharma, Inc. (A) | 590 | 73,732 |
| Alexion Pharmaceuticals, Inc. (A) | 3,683 | 621,248 |
| Allakos, Inc. (A) | 313 | 34,155 |
| Alnylam Pharmaceuticals, Inc. (A) | 1,469 | 206,600 |
| Amgen, Inc. | 3,915 | 938,191 |
| Arrowhead Pharmaceuticals, Inc. (A) | 911 | 66,284 |
| Beam Therapeutics, Inc. (A) | 270 | 22,140 |
| Biogen, Inc. (A) | 2,163 | 578,235 |
| BioMarin Pharmaceutical, Inc. (A) | 3,117 | 242,877 |
| Blueprint Medicines Corp. (A) | 919 | 88,518 |
| Bridgebio Pharma, Inc. (A) | 948 | 53,012 |
MULTIFACTOR HEALTHCARE ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Biotechnology (continued) | |
| CRISPR Therapeutics AG (A) | 701 | $92,020 |
| Denali Therapeutics, Inc. (A) | 830 | 50,165 |
| Emergent BioSolutions, Inc. (A) | 667 | 40,674 |
| Exact Sciences Corp. (A) | 1,854 | 244,394 |
| Exelixis, Inc. (A) | 7,045 | 173,448 |
| Fate Therapeutics, Inc. (A) | 598 | 52,259 |
| Gilead Sciences, Inc. | 8,688 | 551,427 |
| Halozyme Therapeutics, Inc. (A) | 1,387 | 69,281 |
| Incyte Corp. (A) | 2,690 | 229,672 |
| Invitae Corp. (A)(B) | 1,621 | 56,573 |
| Ionis Pharmaceuticals, Inc. (A) | 1,790 | 76,648 |
| Iovance Biotherapeutics, Inc. (A) | 1,477 | 46,437 |
| Kodiak Sciences, Inc. (A) | 227 | 27,431 |
| Mirati Therapeutics, Inc. (A) | 429 | 71,308 |
| Moderna, Inc. (A) | 1,923 | 343,871 |
| Natera, Inc. (A) | 694 | 76,354 |
| Neurocrine Biosciences, Inc. (A) | 1,213 | 114,616 |
| Novavax, Inc. (A) | 556 | 131,733 |
| Regeneron Pharmaceuticals, Inc. (A) | 679 | 326,803 |
| Sarepta Therapeutics, Inc. (A) | 879 | 62,268 |
| Seagen, Inc. (A) | 1,753 | 252,011 |
| TG Therapeutics, Inc. (A) | 916 | 40,954 |
| Turning Point Therapeutics, Inc. (A) | 327 | 24,927 |
| Twist Bioscience Corp. (A) | 374 | 50,187 |
| Ultragenyx Pharmaceutical, Inc. (A) | 669 | 74,687 |
| United Therapeutics Corp. (A) | 1,208 | 243,484 |
| Vertex Pharmaceuticals, Inc. (A) | 1,672 | 364,830 |
| Vir Biotechnology, Inc. (A) | 662 | 31,604 |
| Health care equipment and supplies – 24.5% | |
| Abbott Laboratories | 10,080 | 1,210,406 |
| ABIOMED, Inc. (A) | 630 | 202,060 |
| Align Technology, Inc. (A) | 513 | 305,507 |
| Baxter International, Inc. | 5,397 | 462,469 |
| Becton, Dickinson and Company | 2,822 | 702,142 |
| Boston Scientific Corp. (A) | 13,087 | 570,593 |
| Danaher Corp. | 3,533 | 897,170 |
| Dentsply Sirona, Inc. | 4,763 | 321,550 |
| DexCom, Inc. (A) | 1,034 | 399,227 |
| Edwards Lifesciences Corp. (A) | 4,909 | 468,908 |
| Envista Holdings Corp. (A) | 2,688 | 116,337 |
| Globus Medical, Inc., Class A (A) | 1,799 | 129,114 |
| Haemonetics Corp. (A) | 860 | 57,844 |
| Hill-Rom Holdings, Inc. | 1,772 | 195,310 |
| Hologic, Inc. (A) | 6,243 | 409,229 |
| IDEXX Laboratories, Inc. (A) | 842 | 462,250 |
| Insulet Corp. (A) | 832 | 245,623 |
| Integra LifeSciences Holdings Corp. (A) | 1,313 | 97,267 |
| Intuitive Surgical, Inc. (A) | 579 | 500,835 |
| Masimo Corp. (A) | 885 | 205,913 |
| 50 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR HEALTHCARE ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Health care equipment and supplies (continued) | |
| Medtronic PLC | 8,349 | $1,093,051 |
| Nevro Corp. (A) | 320 | 55,299 |
| Novocure, Ltd. (A) | 871 | 177,771 |
| Penumbra, Inc. (A) | 354 | 108,320 |
| Quidel Corp. (A) | 785 | 82,260 |
| ResMed, Inc. | 2,718 | 510,902 |
| STERIS PLC | 1,754 | 370,129 |
| Stryker Corp. | 1,770 | 464,855 |
| Tandem Diabetes Care, Inc. (A) | 596 | 54,772 |
| Teleflex, Inc. | 819 | 346,011 |
| The Cooper Companies, Inc. | 1,034 | 424,860 |
| West Pharmaceutical Services, Inc. | 1,252 | 411,307 |
| Zimmer Biomet Holdings, Inc. | 3,969 | 703,148 |
| Health care providers and services – 23.6% | |
| 1Life Healthcare, Inc. (A) | 814 | 35,417 |
| Amedisys, Inc. (A) | 562 | 151,656 |
| AmerisourceBergen Corp. | 2,509 | 303,087 |
| Anthem, Inc. | 2,864 | 1,086,573 |
| Cardinal Health, Inc. | 6,568 | 396,313 |
| Centene Corp. (A) | 6,169 | 380,874 |
| Chemed Corp. | 332 | 158,235 |
| Cigna Corp. | 3,739 | 931,048 |
| CVS Health Corp. | 10,636 | 812,590 |
| DaVita, Inc. (A) | 1,976 | 230,263 |
| Encompass Health Corp. | 2,692 | 228,443 |
| Guardant Health, Inc. (A) | 931 | 148,010 |
| HCA Healthcare, Inc. | 2,341 | 470,681 |
| HealthEquity, Inc. (A) | 1,104 | 83,871 |
| Henry Schein, Inc. (A) | 3,590 | 260,275 |
| Humana, Inc. | 1,731 | 770,710 |
| Laboratory Corp. of America Holdings (A) | 2,342 | 622,668 |
| LHC Group, Inc. (A) | 471 | 98,095 |
| McKesson Corp. | 2,475 | 464,211 |
| Molina Healthcare, Inc. (A) | 1,651 | 421,170 |
| Oak Street Health, Inc. (A)(B) | 206 | 12,696 |
| Quest Diagnostics, Inc. | 3,619 | 477,274 |
| R1 RCM, Inc. (A) | 3,481 | 94,962 |
| Tenet Healthcare Corp. (A) | 1,119 | 66,312 |
| UnitedHealth Group, Inc. | 8,060 | 3,214,328 |
| Universal Health Services, Inc., Class B | 2,243 | 332,884 |
| Health care technology – 2.8% | |
| American Well Corp. (A) | 479 | 7,372 |
| Cerner Corp. | 7,540 | 565,877 |
| Change Healthcare, Inc. (A) | 3,748 | 86,017 |
| Inspire Medical Systems, Inc. (A) | 202 | 47,838 |
| Omnicell, Inc. (A) | 454 | 65,839 |
| Schrodinger, Inc. (A) | 427 | 32,554 |
| Teladoc Health, Inc. (A)(B) | 2,063 | 355,558 |
| Veeva Systems, Inc., Class A (A) | 973 | 274,824 |
MULTIFACTOR HEALTHCARE ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Life sciences tools and services – 12.9% | |
| 10X Genomics, Inc., Class A (A) | 646 | $127,779 |
| Adaptive Biotechnologies Corp. (A) | 1,223 | 50,877 |
| Agilent Technologies, Inc. | 5,168 | 690,652 |
| Avantor, Inc. (A) | 9,646 | 309,058 |
| Bio-Rad Laboratories, Inc., Class A (A) | 458 | 288,600 |
| Bio-Techne Corp. | 680 | 290,693 |
| Bruker Corp. | 2,454 | 168,148 |
| Charles River Laboratories International, Inc. (A) | 979 | 325,469 |
| Illumina, Inc. (A) | 1,129 | 443,516 |
| IQVIA Holdings, Inc. (A) | 3,787 | 888,771 |
| Medpace Holdings, Inc. (A) | 421 | 71,435 |
| Mettler-Toledo International, Inc. (A) | 443 | 581,801 |
| NeoGenomics, Inc. (A) | 1,177 | 57,661 |
| Pacific Biosciences of California, Inc. (A) | 1,412 | 42,148 |
| PerkinElmer, Inc. | 2,365 | 306,575 |
| PPD, Inc. (A) | 1,409 | 65,096 |
| PRA Health Sciences, Inc. (A) | 1,321 | 220,462 |
| Repligen Corp. (A) | 671 | 142,057 |
| Sotera Health Company (A) | 564 | 14,529 |
| Syneos Health, Inc. (A) | 1,647 | 139,748 |
| Thermo Fisher Scientific, Inc. | 2,509 | 1,179,807 |
| Waters Corp. (A) | 1,028 | 308,266 |
| Pharmaceuticals – 20.2% | |
| Atea Pharmaceuticals, Inc. (A) | 98 | 2,422 |
| Bristol-Myers Squibb Company | 16,364 | 1,021,441 |
| Catalent, Inc. (A) | 3,410 | 383,523 |
| Elanco Animal Health, Inc. (A) | 8,022 | 254,378 |
| Eli Lilly & Company | 5,226 | 955,156 |
| Horizon Therapeutics PLC (A) | 3,929 | 371,762 |
| Jazz Pharmaceuticals PLC (A) | 1,446 | 237,722 |
| Johnson & Johnson | 18,179 | 2,958,271 |
| Merck & Company, Inc. | 19,864 | 1,479,868 |
| Perrigo Company PLC | 2,658 | 110,653 |
| Pfizer, Inc. | 40,885 | 1,580,205 |
| Royalty Pharma PLC, Class A | 4,498 | 197,912 |
| Viatris, Inc. (A) | 17,784 | 236,527 |
| Zoetis, Inc. | 4,007 | 693,331 |
|
| SHORT-TERM INVESTMENTS – 0.1% | | $57,576 |
| (Cost $57,576) | | |
| Short-term funds – 0.1% | 57,576 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 57,576 | 57,576 |
| Total investments (Multifactor Healthcare ETF) (Cost $41,440,909) 100.1% | $52,002,479 |
| Other assets and liabilities, net (0.1%) | | (35,022) |
| Total net assets 100.0% | | $51,967,457 |
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 51 |
MULTIFACTOR HEALTHCARE ETF (continued)
| Security Abbreviations and Legend |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
MULTIFACTOR INDUSTRIALS ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 100.0% | | $50,935,253 |
| (Cost $40,073,770) | | |
| Consumer discretionary – 8.8% | 4,474,620 |
| Auto components – 2.3% | |
| Aptiv PLC (A) | 2,312 | 332,674 |
| Autoliv, Inc. (A) | 1,679 | 169,008 |
| BorgWarner, Inc. | 5,025 | 244,115 |
| Gentex Corp. | 5,082 | 178,785 |
| Lear Corp. | 1,260 | 231,638 |
| Distributors – 0.6% | |
| Pool Corp. | 754 | 318,580 |
| Hotels, restaurants and leisure – 0.4% | |
| Aramark | 5,454 | 211,997 |
| Household durables – 5.5% | |
| D.R. Horton, Inc. | 7,805 | 767,153 |
| Leggett & Platt, Inc. | 4,030 | 200,170 |
| Lennar Corp., A Shares | 5,421 | 561,616 |
| Lennar Corp., B Shares | 285 | 22,962 |
| Mohawk Industries, Inc. (A) | 826 | 169,743 |
| NVR, Inc. (A) | 84 | 421,520 |
| PulteGroup, Inc. | 6,026 | 356,257 |
| Toll Brothers, Inc. | 2,383 | 149,414 |
| TopBuild Corp. (A) | 625 | 138,988 |
| Industrials – 82.5% | 42,056,116 |
| Aerospace and defense – 10.8% | |
| Axon Enterprise, Inc. (A) | 809 | 122,652 |
| BWX Technologies, Inc. | 1,816 | 121,527 |
| General Dynamics Corp. | 2,534 | 482,043 |
| HEICO Corp. | 652 | 91,802 |
| HEICO Corp., Class A | 1,120 | 141,434 |
| Howmet Aerospace, Inc. (A) | 5,540 | 177,058 |
| Huntington Ingalls Industries, Inc. | 962 | 204,252 |
| L3Harris Technologies, Inc. | 1,592 | 333,094 |
| Lockheed Martin Corp. | 1,602 | 609,657 |
| Northrop Grumman Corp. | 1,683 | 596,523 |
| Raytheon Technologies Corp. | 10,323 | 859,287 |
| Teledyne Technologies, Inc. (A) | 713 | 319,246 |
| Textron, Inc. | 5,033 | 323,320 |
| The Boeing Company (A) | 2,803 | 656,771 |
| TransDigm Group, Inc. (A) | 758 | 465,215 |
| Virgin Galactic Holdings, Inc. (A)(B) | 1,330 | 29,460 |
| Air freight and logistics – 5.4% | |
| C.H. Robinson Worldwide, Inc. | 2,783 | 270,174 |
MULTIFACTOR INDUSTRIALS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Air freight and logistics (continued) | |
| Expeditors International of Washington, Inc. | 3,499 | $384,400 |
| FedEx Corp. | 2,787 | 809,094 |
| United Parcel Service, Inc., Class B | 4,730 | 964,258 |
| XPO Logistics, Inc. (A) | 2,291 | 318,724 |
| Airlines – 1.2% | |
| Alaska Air Group, Inc. (A) | 885 | 61,189 |
| American Airlines Group, Inc. (A) | 2,833 | 61,533 |
| Delta Air Lines, Inc. (A) | 2,569 | 120,537 |
| JetBlue Airways Corp. (A) | 1,098 | 22,355 |
| Southwest Airlines Company (A) | 3,309 | 207,739 |
| United Airlines Holdings, Inc. (A) | 2,261 | 122,998 |
| Building products – 6.3% | |
| A.O. Smith Corp. | 2,631 | 178,250 |
| Advanced Drainage Systems, Inc. | 680 | 75,929 |
| Builders FirstSource, Inc. (A) | 2,932 | 142,700 |
| Carrier Global Corp. | 19,027 | 829,197 |
| Johnson Controls International PLC | 7,750 | 483,135 |
| Lennox International, Inc. | 589 | 197,515 |
| Masco Corp. | 4,725 | 301,833 |
| Trane Technologies PLC | 4,527 | 786,928 |
| Trex Company, Inc. (A) | 1,960 | 211,660 |
| Commercial services and supplies – 4.2% | |
| ADT, Inc. | 4,767 | 43,856 |
| Cintas Corp. | 1,275 | 440,054 |
| IAA, Inc. (A) | 2,425 | 152,314 |
| MSA Safety, Inc. | 599 | 96,295 |
| Republic Services, Inc. | 4,664 | 495,783 |
| Stericycle, Inc. (A) | 1,752 | 133,643 |
| Tetra Tech, Inc. | 955 | 121,887 |
| Waste Management, Inc. | 4,625 | 638,111 |
| Construction and engineering – 1.8% | |
| AECOM (A) | 3,381 | 224,600 |
| EMCOR Group, Inc. | 1,477 | 176,945 |
| MasTec, Inc. (A) | 1,016 | 106,030 |
| Quanta Services, Inc. | 3,154 | 304,803 |
| WillScot Mobile Mini Holdings Corp. (A) | 3,610 | 105,665 |
| Electrical equipment – 6.7% | |
| AMETEK, Inc. | 5,030 | 678,698 |
| Eaton Corp. PLC | 4,443 | 635,038 |
| Emerson Electric Company | 6,715 | 607,640 |
| Generac Holdings, Inc. (A) | 1,069 | 346,303 |
| Hubbell, Inc. | 1,275 | 244,813 |
| Regal Beloit Corp. | 721 | 104,134 |
| Rockwell Automation, Inc. | 2,364 | 624,711 |
| Shoals Technologies Group, Inc., Class A (A) | 977 | 31,332 |
| Sunrun, Inc. (A) | 3,183 | 155,967 |
| Industrial conglomerates – 6.1% | |
| 3M Company | 4,415 | 870,373 |
| Carlisle Companies, Inc. | 1,222 | 234,196 |
| 52 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR INDUSTRIALS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Industrial conglomerates (continued) | |
| General Electric Company | 52,518 | $689,036 |
| Honeywell International, Inc. | 4,393 | 979,815 |
| Roper Technologies, Inc. | 796 | 355,366 |
| Machinery – 21.9% | |
| AGCO Corp. | 1,411 | 205,893 |
| Caterpillar, Inc. | 4,360 | 994,560 |
| Colfax Corp. (A) | 1,744 | 78,811 |
| Cummins, Inc. | 3,335 | 840,553 |
| Deere & Company | 2,063 | 765,064 |
| Donaldson Company, Inc. | 2,831 | 178,013 |
| Dover Corp. | 2,994 | 446,675 |
| Fortive Corp. | 5,573 | 394,680 |
| Graco, Inc. | 3,589 | 275,635 |
| IDEX Corp. | 1,510 | 338,542 |
| Illinois Tool Works, Inc. | 2,907 | 669,947 |
| Ingersoll Rand, Inc. (A) | 6,949 | 343,350 |
| ITT, Inc. | 2,275 | 214,555 |
| Lincoln Electric Holdings, Inc. | 1,465 | 187,593 |
| Nordson Corp. | 1,024 | 216,484 |
| Oshkosh Corp. | 1,874 | 233,182 |
| Otis Worldwide Corp. | 6,266 | 487,933 |
| PACCAR, Inc. | 7,988 | 717,961 |
| Parker-Hannifin Corp. | 2,680 | 841,011 |
| Pentair PLC | 3,632 | 234,300 |
| Rexnord Corp. | 2,070 | 103,355 |
| Snap-on, Inc. | 1,294 | 307,454 |
| Stanley Black & Decker, Inc. | 3,304 | 683,168 |
| The Middleby Corp. (A) | 1,349 | 244,601 |
| The Timken Company | 1,468 | 123,121 |
| The Toro Company | 2,086 | 239,056 |
| Wabtec Corp. | 3,323 | 272,719 |
| Woodward, Inc. | 1,176 | 147,012 |
| Xylem, Inc. | 3,204 | 354,523 |
| Professional services – 5.2% | |
| CACI International, Inc., Class A (A) | 536 | 136,605 |
| CoreLogic, Inc. | 1,511 | 120,427 |
| Exponent, Inc. | 604 | 58,183 |
| IHS Markit, Ltd. | 6,121 | 658,497 |
| Jacobs Engineering Group, Inc. | 2,697 | 360,346 |
| Leidos Holdings, Inc. | 2,863 | 289,965 |
| ManpowerGroup, Inc. | 1,347 | 162,839 |
| Robert Half International, Inc. | 2,686 | 235,320 |
| Science Applications International Corp. | 1,064 | 95,143 |
| TriNet Group, Inc. (A) | 1,266 | 99,647 |
| Verisk Analytics, Inc. | 2,375 | 446,975 |
| Road and rail – 9.1% | |
| AMERCO | 232 | 138,418 |
| CSX Corp. | 7,952 | 801,164 |
| J.B. Hunt Transport Services, Inc. | 2,257 | 385,292 |
MULTIFACTOR INDUSTRIALS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Road and rail (continued) | |
| Kansas City Southern | 1,898 | $554,615 |
| Knight-Swift Transportation Holdings, Inc. | 2,794 | 131,653 |
| Landstar System, Inc. | 968 | 166,767 |
| Norfolk Southern Corp. | 2,771 | 773,774 |
| Old Dominion Freight Line, Inc. | 2,057 | 530,315 |
| Saia, Inc. (A) | 355 | 83,248 |
| Union Pacific Corp. | 4,839 | 1,074,694 |
| Trading companies and distributors – 3.8% | |
| Air Lease Corp. | 2,440 | 113,972 |
| Fastenal Company | 9,688 | 506,489 |
| United Rentals, Inc. (A) | 2,357 | 754,122 |
| W.W. Grainger, Inc. | 895 | 388,018 |
| Watsco, Inc. | 577 | 168,980 |
| Information technology – 8.7% | 4,404,517 |
| Electronic equipment, instruments and components – 1.6% | |
| Arrow Electronics, Inc. (A) | 1,762 | 200,991 |
| CDW Corp. | 2,689 | 479,529 |
| Vontier Corp. (A) | 3,560 | 111,570 |
| IT services – 6.6% | |
| Accenture PLC, Class A | 4,386 | 1,271,809 |
| Automatic Data Processing, Inc. | 3,504 | 655,213 |
| Black Knight, Inc. (A) | 2,201 | 159,396 |
| Broadridge Financial Solutions, Inc. | 2,204 | 349,621 |
| Genpact, Ltd. | 3,710 | 176,336 |
| Globant SA (A) | 303 | 69,442 |
| MAXIMUS, Inc. | 1,213 | 111,159 |
| Paychex, Inc. | 6,003 | 585,232 |
| Semiconductors and semiconductor equipment – 0.5% | |
| Enphase Energy, Inc. (A) | 1,682 | 234,219 |
|
| SHORT-TERM INVESTMENTS – 0.1% | | $71,802 |
| (Cost $71,802) | | |
| Short-term funds – 0.1% | 71,802 |
| John Hancock Collateral Trust, 0.0360% (C)(D) | 290 | 2,898 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 68,904 | 68,904 |
| Total investments (Multifactor Industrials ETF) (Cost $40,145,572) 100.1% | $51,007,055 |
| Other assets and liabilities, net (0.1%) | | (47,660) |
| Total net assets 100.0% | | $50,959,395 |
| 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 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (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. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 53 |
MULTIFACTOR LARGE CAP ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 99.9% | | $705,307,555 |
| (Cost $546,435,939) | | |
| Communication services – 8.6% | 60,589,453 |
| Diversified telecommunication services – 1.1% | |
| AT&T, Inc. | 106,256 | 3,337,501 |
| Lumen Technologies, Inc. | 56,940 | 730,540 |
| Verizon Communications, Inc. | 67,104 | 3,877,940 |
| Entertainment – 1.5% | |
| Activision Blizzard, Inc. | 14,277 | 1,301,920 |
| Electronic Arts, Inc. | 6,808 | 967,281 |
| Liberty Media Corp.-Liberty Formula One, Series A (A) | 804 | 33,302 |
| Liberty Media Corp.-Liberty Formula One, Series C (A) | 6,568 | 308,302 |
| Live Nation Entertainment, Inc. (A) | 4,188 | 342,913 |
| Netflix, Inc. (A) | 4,488 | 2,304,453 |
| Roku, Inc. (A) | 1,555 | 533,318 |
| Spotify Technology SA (A) | 953 | 240,270 |
| Take-Two Interactive Software, Inc. (A) | 3,117 | 546,659 |
| The Walt Disney Company (A) | 21,488 | 3,997,198 |
| Warner Music Group Corp., Class A | 1,380 | 52,385 |
| Zynga, Inc., Class A (A) | 18,123 | 196,091 |
| Interactive media and services – 3.9% | |
| Alphabet, Inc., Class A (A) | 5,209 | 12,259,382 |
| Alphabet, Inc., Class C (A) | 944 | 2,275,153 |
| Angi, Inc. (A) | 965 | 15,450 |
| Facebook, Inc., Class A (A) | 28,920 | 9,401,314 |
| InterActiveCorp (A) | 2,811 | 712,504 |
| Match Group, Inc. (A) | 4,944 | 769,435 |
| Pinterest, Inc., Class A (A) | 4,930 | 327,204 |
| Snap, Inc., Class A (A) | 9,698 | 599,530 |
| Twitter, Inc. (A) | 10,905 | 602,174 |
| Zillow Group, Inc., Class A (A) | 761 | 101,479 |
| Zillow Group, Inc., Class C (A) | 1,980 | 257,638 |
| ZoomInfo Technologies, Inc., Class A (A) | 657 | 34,072 |
| Media – 1.9% | |
| Altice USA, Inc., Class A (A) | 9,087 | 329,949 |
| Cable One, Inc. | 127 | 227,330 |
| Charter Communications, Inc., Class A (A) | 2,957 | 1,991,392 |
| Comcast Corp., Class A | 84,638 | 4,752,424 |
| Discovery, Inc., Series A (A) | 10,337 | 389,291 |
| Discovery, Inc., Series C (A) | 9,871 | 318,932 |
| DISH Network Corp., Class A (A) | 9,006 | 403,379 |
| Fox Corp., Class A | 11,732 | 439,011 |
| Fox Corp., Class B | 4,363 | 158,726 |
| Liberty Broadband Corp., Series A (A) | 518 | 81,673 |
| Liberty Broadband Corp., Series C (A) | 6,164 | 1,003,006 |
| Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 4,412 | 199,378 |
| Liberty Media Corp.-Liberty SiriusXM, Series C (A) | 3,370 | 152,425 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Communication services (continued) | |
| Media (continued) | |
| News Corp., Class A | 13,072 | $342,421 |
| News Corp., Class B | 3,773 | 91,722 |
| Omnicom Group, Inc. | 11,433 | 940,479 |
| Sirius XM Holdings, Inc. (B) | 35,318 | 215,440 |
| The Interpublic Group of Companies, Inc. | 20,692 | 656,971 |
| The New York Times Company, Class A | 2,093 | 95,043 |
| ViacomCBS, Inc., Class A | 239 | 10,803 |
| ViacomCBS, Inc., Class B | 13,859 | 568,496 |
| Wireless telecommunication services – 0.2% | |
| T-Mobile US, Inc. (A) | 8,293 | 1,095,754 |
| Consumer discretionary – 11.8% | 83,563,335 |
| Auto components – 0.3% | |
| Aptiv PLC (A) | 5,536 | 796,575 |
| Autoliv, Inc. (A) | 3,630 | 365,396 |
| BorgWarner, Inc. | 8,824 | 428,670 |
| Gentex Corp. | 9,207 | 323,902 |
| Lear Corp. | 3,097 | 569,352 |
| Automobiles – 0.9% | |
| Ford Motor Company (A) | 70,486 | 813,408 |
| General Motors Company (A) | 24,701 | 1,413,391 |
| Tesla, Inc. (A) | 5,961 | 4,228,972 |
| Distributors – 0.2% | |
| Genuine Parts Company | 6,188 | 773,314 |
| LKQ Corp. (A) | 10,050 | 469,436 |
| Pool Corp. | 1,247 | 526,882 |
| Diversified consumer services – 0.1% | |
| Bright Horizons Family Solutions, Inc. (A) | 1,647 | 238,535 |
| Chegg, Inc. (A) | 1,843 | 166,478 |
| Service Corp. International | 8,175 | 436,872 |
| Hotels, restaurants and leisure – 2.1% | |
| Airbnb, Inc., Class A (A)(B) | 88 | 15,198 |
| Aramark | 9,932 | 386,057 |
| Booking Holdings, Inc. (A) | 549 | 1,353,878 |
| Caesars Entertainment, Inc. (A) | 3,351 | 327,862 |
| Carnival Corp. (A) | 14,462 | 404,358 |
| Chipotle Mexican Grill, Inc. (A) | 559 | 834,045 |
| Churchill Downs, Inc. | 533 | 112,730 |
| Darden Restaurants, Inc. | 4,922 | 722,156 |
| Domino's Pizza, Inc. | 1,147 | 484,424 |
| DraftKings, Inc., Class A (A)(B) | 3,989 | 226,017 |
| Expedia Group, Inc. (A) | 4,230 | 745,453 |
| Hilton Worldwide Holdings, Inc. (A) | 7,500 | 965,250 |
| Hyatt Hotels Corp., Class A (A) | 1,245 | 102,501 |
| Las Vegas Sands Corp. (A) | 8,226 | 503,925 |
| Marriott International, Inc., Class A (A) | 4,824 | 716,460 |
| McDonald's Corp. | 9,171 | 2,165,090 |
| MGM Resorts International | 17,463 | 711,093 |
| Norwegian Cruise Line Holdings, Ltd. (A) | 3,211 | 99,702 |
| 54 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Hotels, restaurants and leisure (continued) | |
| Penn National Gaming, Inc. (A) | 2,689 | $239,644 |
| Royal Caribbean Cruises, Ltd. (A) | 5,802 | 504,484 |
| Starbucks Corp. | 15,373 | 1,760,055 |
| Vail Resorts, Inc. (A) | 1,452 | 472,132 |
| Wynn Resorts, Ltd. (A) | 3,192 | 409,853 |
| Yum! Brands, Inc. | 7,067 | 844,648 |
| Household durables – 0.9% | |
| D.R. Horton, Inc. | 13,416 | 1,318,659 |
| Garmin, Ltd. | 5,210 | 715,020 |
| Lennar Corp., A Shares | 8,874 | 919,346 |
| Lennar Corp., B Shares | 448 | 36,095 |
| Mohawk Industries, Inc. (A) | 2,508 | 515,394 |
| Newell Brands, Inc. | 13,989 | 377,143 |
| NVR, Inc. (A) | 179 | 898,240 |
| PulteGroup, Inc. | 10,389 | 614,198 |
| Whirlpool Corp. | 3,227 | 763,024 |
| Internet and direct marketing retail – 2.9% | |
| Amazon.com, Inc. (A) | 5,239 | 18,165,813 |
| Chewy, Inc., Class A (A)(B) | 719 | 57,319 |
| DoorDash, Inc., Class A (A) | 107 | 15,319 |
| eBay, Inc. | 30,264 | 1,688,429 |
| Etsy, Inc. (A) | 2,335 | 464,175 |
| Stitch Fix, Inc., Class A (A) | 350 | 15,162 |
| Wayfair, Inc., Class A (A) | 1,065 | 314,782 |
| Leisure products – 0.2% | |
| Hasbro, Inc. | 5,380 | 535,041 |
| Peloton Interactive, Inc., Class A (A) | 3,426 | 336,947 |
| Polaris, Inc. | 2,295 | 321,369 |
| Multiline retail – 0.8% | |
| Dollar General Corp. | 6,323 | 1,357,864 |
| Dollar Tree, Inc. (A) | 9,289 | 1,067,306 |
| Kohl's Corp. | 1,602 | 93,973 |
| Target Corp. | 13,470 | 2,791,792 |
| Specialty retail – 2.7% | |
| Advance Auto Parts, Inc. | 2,562 | 512,810 |
| AutoZone, Inc. (A) | 711 | 1,040,989 |
| Best Buy Company, Inc. | 13,447 | 1,563,483 |
| Burlington Stores, Inc. (A) | 1,838 | 599,795 |
| CarMax, Inc. (A) | 7,257 | 966,923 |
| Carvana Company (A) | 666 | 189,983 |
| Five Below, Inc. (A) | 1,256 | 252,795 |
| Floor & Decor Holdings, Inc., Class A (A) | 2,198 | 243,802 |
| L Brands, Inc. (A) | 4,058 | 267,422 |
| Lithia Motors, Inc., Class A | 541 | 207,950 |
| Lowe's Companies, Inc. | 12,183 | 2,390,914 |
| O'Reilly Automotive, Inc. (A) | 2,056 | 1,136,721 |
| RH (A) | 317 | 218,102 |
| Ross Stores, Inc. | 9,403 | 1,231,229 |
| The Gap, Inc. | 11,178 | 369,992 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Specialty retail (continued) | |
| The Home Depot, Inc. | 11,784 | $3,814,127 |
| The TJX Companies, Inc. | 19,707 | 1,399,197 |
| Tractor Supply Company | 6,356 | 1,198,742 |
| Ulta Beauty, Inc. (A) | 2,193 | 722,265 |
| Williams-Sonoma, Inc. | 2,304 | 393,408 |
| Textiles, apparel and luxury goods – 0.7% | |
| Columbia Sportswear Company | 813 | 88,625 |
| Deckers Outdoor Corp. (A) | 627 | 212,051 |
| Levi Strauss & Company, Class A | 598 | 17,258 |
| Lululemon Athletica, Inc. (A) | 2,820 | 945,461 |
| NIKE, Inc., Class B | 17,803 | 2,361,034 |
| Ralph Lauren Corp. (A) | 444 | 59,181 |
| Tapestry, Inc. (A) | 2,881 | 137,856 |
| Under Armour, Inc., Class A (A) | 1,838 | 44,682 |
| Under Armour, Inc., Class C (A) | 1,866 | 37,152 |
| VF Corp. | 10,253 | 898,778 |
| Consumer staples – 5.4% | 38,360,801 |
| Beverages – 1.2% | |
| Brown-Forman Corp., Class A | 1,953 | 139,347 |
| Brown-Forman Corp., Class B | 6,008 | 458,290 |
| Constellation Brands, Inc., Class A | 3,565 | 856,741 |
| Keurig Dr. Pepper, Inc. | 8,932 | 320,212 |
| Molson Coors Beverage Company, Class B (A) | 6,732 | 369,923 |
| Monster Beverage Corp. (A) | 7,477 | 725,643 |
| PepsiCo, Inc. | 18,652 | 2,688,872 |
| The Boston Beer Company, Inc., Class A (A) | 128 | 155,711 |
| The Coca-Cola Company | 47,813 | 2,580,946 |
| Food and staples retailing – 1.3% | |
| Albertsons Companies, Inc., Class A (B) | 1,903 | 35,339 |
| Casey's General Stores, Inc. | 1,024 | 227,523 |
| Costco Wholesale Corp. | 6,077 | 2,261,191 |
| Sysco Corp. | 10,970 | 929,488 |
| The Kroger Company | 40,325 | 1,473,476 |
| U.S. Foods Holding Corp. (A) | 7,486 | 310,370 |
| Walgreens Boots Alliance, Inc. | 11,826 | 627,961 |
| Walmart, Inc. | 22,065 | 3,087,114 |
| Food products – 1.4% | |
| Archer-Daniels-Midland Company | 18,334 | 1,157,425 |
| Beyond Meat, Inc. (A)(B) | 569 | 74,926 |
| Bunge, Ltd. | 5,846 | 493,519 |
| Campbell Soup Company | 8,569 | 409,170 |
| Conagra Brands, Inc. | 17,597 | 652,673 |
| Darling Ingredients, Inc. (A) | 1,826 | 126,816 |
| General Mills, Inc. | 16,270 | 990,192 |
| Hormel Foods Corp. | 9,182 | 424,208 |
| Kellogg Company | 9,754 | 608,845 |
| Lamb Weston Holdings, Inc. | 5,214 | 419,727 |
| McCormick & Company, Inc. | 9,671 | 873,872 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 55 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer staples (continued) | |
| Food products (continued) | |
| Mondelez International, Inc., Class A | 22,015 | $1,338,732 |
| The Hershey Company | 4,336 | 712,405 |
| The J.M. Smucker Company | 3,855 | 504,966 |
| The Kraft Heinz Company | 8,883 | 366,779 |
| Tyson Foods, Inc., Class A | 8,374 | 648,566 |
| Household products – 1.0% | |
| Church & Dwight Company, Inc. | 8,141 | 698,009 |
| Colgate-Palmolive Company | 11,749 | 948,144 |
| Kimberly-Clark Corp. | 5,664 | 755,124 |
| The Clorox Company | 5,175 | 944,438 |
| The Procter & Gamble Company | 31,368 | 4,185,119 |
| Personal products – 0.1% | |
| The Estee Lauder Companies, Inc., Class A | 3,338 | 1,047,464 |
| Tobacco – 0.4% | |
| Altria Group, Inc. | 25,458 | 1,215,620 |
| Philip Morris International, Inc. | 15,957 | 1,515,915 |
| Energy – 2.5% | 17,577,488 |
| Energy equipment and services – 0.2% | |
| Baker Hughes Company | 12,113 | 243,229 |
| Halliburton Company | 20,753 | 405,929 |
| Schlumberger NV | 24,103 | 651,986 |
| Oil, gas and consumable fuels – 2.3% | |
| APA Corp. | 10,954 | 219,080 |
| Cabot Oil & Gas Corp. | 12,144 | 202,440 |
| Cheniere Energy, Inc. (A) | 5,654 | 438,298 |
| Chevron Corp. | 26,591 | 2,740,734 |
| ConocoPhillips | 23,086 | 1,180,618 |
| Continental Resources, Inc. | 3,064 | 83,463 |
| Devon Energy Corp. | 5,830 | 136,305 |
| Diamondback Energy, Inc. | 4,668 | 381,516 |
| EOG Resources, Inc. | 11,441 | 842,515 |
| Exxon Mobil Corp. | 54,583 | 3,124,331 |
| Hess Corp. | 9,212 | 686,386 |
| Kinder Morgan, Inc. | 33,973 | 579,240 |
| Marathon Oil Corp. | 13,160 | 148,182 |
| Marathon Petroleum Corp. | 18,145 | 1,009,769 |
| New Fortress Energy, Inc. | 368 | 15,647 |
| Occidental Petroleum Corp. | 19,735 | 500,480 |
| ONEOK, Inc. | 13,117 | 686,544 |
| Phillips 66 | 8,057 | 651,892 |
| Pioneer Natural Resources Company | 4,259 | 655,162 |
| Texas Pacific Land Corp. | 82 | 126,292 |
| The Williams Companies, Inc. | 32,576 | 793,551 |
| Valero Energy Corp. | 14,520 | 1,073,899 |
| Financials – 13.2% | 93,305,636 |
| Banks – 4.3% | |
| Bank of America Corp. | 102,224 | 4,143,139 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Banks (continued) | |
| Citigroup, Inc. | 33,978 | $2,420,593 |
| Citizens Financial Group, Inc. | 17,446 | 807,401 |
| Comerica, Inc. | 6,453 | 485,007 |
| Commerce Bancshares, Inc. | 3,664 | 285,096 |
| East West Bancorp, Inc. | 4,984 | 379,532 |
| Fifth Third Bancorp | 34,811 | 1,411,238 |
| First Horizon Corp. | 7,968 | 145,735 |
| First Republic Bank | 5,308 | 972,638 |
| Huntington Bancshares, Inc. | 39,051 | 598,261 |
| JPMorgan Chase & Co. | 41,429 | 6,372,194 |
| KeyCorp | 38,871 | 845,833 |
| M&T Bank Corp. | 5,076 | 800,434 |
| People's United Financial, Inc. | 5,197 | 94,222 |
| Regions Financial Corp. | 49,695 | 1,083,351 |
| Signature Bank | 1,796 | 451,712 |
| SVB Financial Group (A) | 1,884 | 1,077,328 |
| The PNC Financial Services Group, Inc. | 7,850 | 1,467,558 |
| Truist Financial Corp. | 27,053 | 1,604,513 |
| U.S. Bancorp | 24,865 | 1,475,738 |
| Wells Fargo & Company | 62,602 | 2,820,220 |
| Western Alliance Bancorp | 894 | 93,933 |
| Zions Bancorp NA | 7,277 | 406,057 |
| Capital markets – 3.7% | |
| Ameriprise Financial, Inc. | 6,963 | 1,799,239 |
| Apollo Global Management, Inc. | 2,370 | 131,227 |
| Ares Management Corp., Class A | 1,839 | 96,584 |
| BlackRock, Inc. | 1,565 | 1,282,205 |
| Cboe Global Markets, Inc. | 3,290 | 343,377 |
| CME Group, Inc. | 4,158 | 839,874 |
| FactSet Research Systems, Inc. | 1,339 | 450,199 |
| Franklin Resources, Inc. | 11,498 | 344,940 |
| Intercontinental Exchange, Inc. | 9,500 | 1,118,245 |
| Invesco, Ltd. | 5,146 | 138,942 |
| KKR & Company, Inc. | 8,624 | 487,946 |
| LPL Financial Holdings, Inc. | 2,750 | 430,925 |
| MarketAxess Holdings, Inc. | 1,173 | 572,964 |
| Moody's Corp. | 3,468 | 1,133,030 |
| Morgan Stanley | 29,049 | 2,397,995 |
| Morningstar, Inc. | 653 | 173,052 |
| MSCI, Inc. | 3,137 | 1,523,860 |
| Nasdaq, Inc. | 4,155 | 671,199 |
| Northern Trust Corp. | 8,337 | 948,751 |
| Raymond James Financial, Inc. | 4,866 | 636,375 |
| S&P Global, Inc. | 4,050 | 1,581,080 |
| SEI Investments Company | 6,007 | 369,070 |
| State Street Corp. | 12,124 | 1,017,810 |
| T. Rowe Price Group, Inc. | 8,496 | 1,522,483 |
| The Bank of New York Mellon Corp. | 26,075 | 1,300,621 |
| The Blackstone Group, Inc. | 7,277 | 643,942 |
| 56 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Capital markets (continued) | |
| The Charles Schwab Corp. | 27,492 | $1,935,437 |
| The Goldman Sachs Group, Inc. | 5,289 | 1,842,952 |
| Tradeweb Markets, Inc., Class A | 1,215 | 98,755 |
| Consumer finance – 1.0% | |
| Ally Financial, Inc. | 22,342 | 1,149,496 |
| American Express Company | 10,836 | 1,661,701 |
| Capital One Financial Corp. | 12,870 | 1,918,660 |
| Discover Financial Services | 13,125 | 1,496,250 |
| Santander Consumer USA Holdings, Inc. | 4,841 | 164,304 |
| Synchrony Financial | 24,299 | 1,062,838 |
| Diversified financial services – 0.9% | |
| Berkshire Hathaway, Inc., Class B (A) | 21,748 | 5,979,613 |
| Equitable Holdings, Inc. | 11,266 | 385,635 |
| Voya Financial, Inc. | 5,698 | 386,438 |
| Insurance – 3.3% | |
| Aflac, Inc. | 20,688 | 1,111,566 |
| Alleghany Corp. (A) | 513 | 348,312 |
| American Financial Group, Inc. | 3,070 | 377,180 |
| American International Group, Inc. | 20,039 | 970,890 |
| Aon PLC, Class A | 5,581 | 1,403,287 |
| Arch Capital Group, Ltd. (A) | 12,749 | 506,263 |
| Arthur J. Gallagher & Company | 6,557 | 950,437 |
| Assurant, Inc. | 1,567 | 243,825 |
| Athene Holding, Ltd., Class A (A) | 4,910 | 292,980 |
| Brown & Brown, Inc. | 8,243 | 438,363 |
| Chubb, Ltd. | 5,347 | 917,492 |
| Cincinnati Financial Corp. | 5,702 | 642,501 |
| CNA Financial Corp. | 1,358 | 63,731 |
| Erie Indemnity Company, Class A | 834 | 178,493 |
| Everest Re Group, Ltd. | 1,641 | 454,475 |
| Fidelity National Financial, Inc. | 10,927 | 498,490 |
| Globe Life, Inc. | 4,424 | 453,416 |
| Lemonade, Inc. (A)(B) | 275 | 24,860 |
| Lincoln National Corp. | 9,103 | 583,775 |
| Loews Corp. | 10,890 | 607,118 |
| Markel Corp. (A) | 415 | 488,214 |
| Marsh & McLennan Companies, Inc. | 9,308 | 1,263,096 |
| MetLife, Inc. | 14,127 | 898,901 |
| Principal Financial Group, Inc. | 12,592 | 804,251 |
| Prudential Financial, Inc. | 10,431 | 1,046,855 |
| Reinsurance Group of America, Inc. | 2,741 | 357,783 |
| RenaissanceRe Holdings, Ltd. | 965 | 162,902 |
| The Allstate Corp. | 10,361 | 1,313,775 |
| The Hartford Financial Services Group, Inc. | 18,551 | 1,223,624 |
| The Progressive Corp. | 13,313 | 1,341,152 |
| The Travelers Companies, Inc. | 9,583 | 1,482,107 |
| W.R. Berkley Corp. | 6,000 | 478,320 |
| Willis Towers Watson PLC | 4,159 | 1,076,599 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Thrifts and mortgage finance – 0.0% | |
| Rocket Companies, Inc., Class A | 929 | $20,856 |
| Health care – 13.0% | 91,939,589 |
| Biotechnology – 1.8% | |
| AbbVie, Inc. | 21,113 | 2,354,100 |
| ACADIA Pharmaceuticals, Inc. (A) | 1,198 | 24,631 |
| Acceleron Pharma, Inc. (A) | 595 | 74,357 |
| Alexion Pharmaceuticals, Inc. (A) | 5,730 | 966,536 |
| Alnylam Pharmaceuticals, Inc. (A) | 2,142 | 301,251 |
| Amgen, Inc. | 8,998 | 2,156,281 |
| Arrowhead Pharmaceuticals, Inc. (A) | 524 | 38,126 |
| Biogen, Inc. (A) | 3,918 | 1,047,399 |
| BioMarin Pharmaceutical, Inc. (A) | 4,456 | 347,212 |
| Bridgebio Pharma, Inc. (A) | 535 | 29,917 |
| CRISPR Therapeutics AG (A) | 733 | 96,221 |
| Denali Therapeutics, Inc. (A) | 573 | 34,632 |
| Exact Sciences Corp. (A) | 2,681 | 353,409 |
| Fate Therapeutics, Inc. (A) | 420 | 36,704 |
| Gilead Sciences, Inc. | 21,085 | 1,338,265 |
| Incyte Corp. (A) | 3,920 | 334,690 |
| Invitae Corp. (A)(B) | 1,021 | 35,633 |
| Ionis Pharmaceuticals, Inc. (A) | 2,087 | 89,365 |
| Mirati Therapeutics, Inc. (A) | 465 | 77,292 |
| Moderna, Inc. (A) | 3,236 | 578,662 |
| Natera, Inc. (A) | 436 | 47,969 |
| Neurocrine Biosciences, Inc. (A) | 1,824 | 172,350 |
| Novavax, Inc. (A) | 708 | 167,746 |
| Regeneron Pharmaceuticals, Inc. (A) | 1,207 | 580,929 |
| Sarepta Therapeutics, Inc. (A) | 1,135 | 80,403 |
| Seagen, Inc. (A) | 2,583 | 371,332 |
| Ultragenyx Pharmaceutical, Inc. (A) | 408 | 45,549 |
| Vertex Pharmaceuticals, Inc. (A) | 3,374 | 736,207 |
| Vir Biotechnology, Inc. (A) | 648 | 30,936 |
| Health care equipment and supplies – 3.3% | |
| Abbott Laboratories | 23,777 | 2,855,142 |
| ABIOMED, Inc. (A) | 1,021 | 327,465 |
| Align Technology, Inc. (A) | 1,017 | 605,654 |
| Baxter International, Inc. | 9,878 | 846,446 |
| Becton, Dickinson and Company | 4,054 | 1,008,676 |
| Boston Scientific Corp. (A) | 21,673 | 944,943 |
| Danaher Corp. | 8,441 | 2,143,508 |
| Dentsply Sirona, Inc. | 7,679 | 518,409 |
| DexCom, Inc. (A) | 1,472 | 568,339 |
| Edwards Lifesciences Corp. (A) | 10,871 | 1,038,398 |
| Hill-Rom Holdings, Inc. | 2,234 | 246,231 |
| Hologic, Inc. (A) | 11,740 | 769,557 |
| IDEXX Laboratories, Inc. (A) | 2,134 | 1,171,545 |
| Insulet Corp. (A) | 1,104 | 325,923 |
| Intuitive Surgical, Inc. (A) | 1,320 | 1,141,800 |
| Masimo Corp. (A) | 1,142 | 265,709 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 57 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Health care equipment and supplies (continued) | |
| Medtronic PLC | 16,406 | $2,147,874 |
| Novocure, Ltd. (A) | 1,271 | 259,411 |
| Penumbra, Inc. (A) | 423 | 129,434 |
| Quidel Corp. (A) | 404 | 42,335 |
| ResMed, Inc. | 5,064 | 951,880 |
| STERIS PLC | 2,948 | 622,087 |
| Stryker Corp. | 4,474 | 1,175,007 |
| Teleflex, Inc. | 1,407 | 594,429 |
| The Cooper Companies, Inc. | 1,684 | 691,939 |
| West Pharmaceutical Services, Inc. | 2,158 | 708,946 |
| Zimmer Biomet Holdings, Inc. | 6,948 | 1,230,908 |
| Health care providers and services – 3.3% | |
| Amedisys, Inc. (A) | 659 | 177,831 |
| AmerisourceBergen Corp. | 5,791 | 699,553 |
| Anthem, Inc. | 5,391 | 2,045,291 |
| Cardinal Health, Inc. | 11,359 | 685,402 |
| Centene Corp. (A) | 14,732 | 909,554 |
| Chemed Corp. | 358 | 170,626 |
| Cigna Corp. | 7,870 | 1,959,709 |
| CVS Health Corp. | 21,957 | 1,677,515 |
| DaVita, Inc. (A) | 4,280 | 498,748 |
| Encompass Health Corp. | 3,324 | 282,075 |
| Guardant Health, Inc. (A) | 1,184 | 188,232 |
| HCA Healthcare, Inc. | 4,435 | 891,701 |
| Henry Schein, Inc. (A) | 7,129 | 516,853 |
| Humana, Inc. | 3,307 | 1,472,409 |
| Laboratory Corp. of America Holdings (A) | 5,075 | 1,349,290 |
| McKesson Corp. | 6,248 | 1,171,875 |
| Molina Healthcare, Inc. (A) | 2,437 | 621,679 |
| Oak Street Health, Inc. (A)(B) | 257 | 15,839 |
| Quest Diagnostics, Inc. | 8,441 | 1,113,199 |
| UnitedHealth Group, Inc. | 14,841 | 5,918,591 |
| Universal Health Services, Inc., Class B | 4,817 | 714,891 |
| Health care technology – 0.2% | |
| Cerner Corp. | 11,717 | 879,361 |
| Teladoc Health, Inc. (A)(B) | 1,948 | 335,738 |
| Veeva Systems, Inc., Class A (A) | 2,277 | 643,139 |
| Life sciences tools and services – 1.7% | |
| 10X Genomics, Inc., Class A (A) | 808 | 159,822 |
| Adaptive Biotechnologies Corp. (A) | 1,197 | 49,795 |
| Agilent Technologies, Inc. | 11,622 | 1,553,164 |
| Avantor, Inc. (A) | 11,430 | 366,217 |
| Bio-Rad Laboratories, Inc., Class A (A) | 683 | 430,379 |
| Bio-Techne Corp. | 895 | 382,604 |
| Bruker Corp. | 2,641 | 180,961 |
| Charles River Laboratories International, Inc. (A) | 1,522 | 505,989 |
| Illumina, Inc. (A) | 2,504 | 983,671 |
| IQVIA Holdings, Inc. (A) | 6,347 | 1,489,577 |
| Mettler-Toledo International, Inc. (A) | 1,002 | 1,315,947 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Life sciences tools and services (continued) | |
| PerkinElmer, Inc. | 4,102 | $531,742 |
| PPD, Inc. (A) | 1,461 | 67,498 |
| PRA Health Sciences, Inc. (A) | 2,147 | 358,313 |
| Repligen Corp. (A) | 615 | 130,202 |
| Syneos Health, Inc. (A) | 1,818 | 154,257 |
| Thermo Fisher Scientific, Inc. | 5,414 | 2,545,825 |
| Waters Corp. (A) | 2,433 | 729,584 |
| Pharmaceuticals – 2.7% | |
| Bristol-Myers Squibb Company | 28,201 | 1,760,306 |
| Catalent, Inc. (A) | 5,130 | 576,971 |
| Elanco Animal Health, Inc. (A) | 12,562 | 398,341 |
| Eli Lilly & Company | 10,932 | 1,998,042 |
| Horizon Therapeutics PLC (A) | 4,487 | 424,560 |
| Jazz Pharmaceuticals PLC (A) | 2,110 | 346,884 |
| Johnson & Johnson | 35,840 | 5,832,243 |
| Merck & Company, Inc. | 35,961 | 2,679,095 |
| Pfizer, Inc. | 82,628 | 3,193,572 |
| Royalty Pharma PLC, Class A | 3,970 | 174,680 |
| Viatris, Inc. (A) | 28,188 | 374,900 |
| Zoetis, Inc. | 8,237 | 1,425,248 |
| Industrials – 11.5% | 81,490,471 |
| Aerospace and defense – 1.5% | |
| Axon Enterprise, Inc. (A) | 351 | 53,215 |
| General Dynamics Corp. | 4,478 | 851,850 |
| HEICO Corp. | 1,014 | 142,771 |
| HEICO Corp., Class A | 1,839 | 232,229 |
| Howmet Aerospace, Inc. (A) | 14,829 | 473,935 |
| Huntington Ingalls Industries, Inc. | 1,692 | 359,245 |
| L3Harris Technologies, Inc. | 3,881 | 812,022 |
| Lockheed Martin Corp. | 3,434 | 1,306,843 |
| Northrop Grumman Corp. | 2,797 | 991,369 |
| Raytheon Technologies Corp. | 25,528 | 2,124,951 |
| Teledyne Technologies, Inc. (A) | 1,018 | 455,810 |
| Textron, Inc. | 10,361 | 665,591 |
| The Boeing Company (A) | 6,201 | 1,452,956 |
| TransDigm Group, Inc. (A) | 1,238 | 759,810 |
| Virgin Galactic Holdings, Inc. (A)(B) | 659 | 14,597 |
| Air freight and logistics – 0.7% | |
| C.H. Robinson Worldwide, Inc. | 5,702 | 553,550 |
| Expeditors International of Washington, Inc. | 6,805 | 747,597 |
| FedEx Corp. | 4,821 | 1,399,585 |
| United Parcel Service, Inc., Class B | 8,462 | 1,725,063 |
| XPO Logistics, Inc. (A) | 3,689 | 513,214 |
| Airlines – 0.1% | |
| Alaska Air Group, Inc. (A) | 278 | 19,221 |
| American Airlines Group, Inc. (A) | 5,231 | 113,617 |
| Delta Air Lines, Inc. (A) | 4,467 | 209,592 |
| Southwest Airlines Company (A) | 6,631 | 416,294 |
| 58 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Airlines (continued) | |
| United Airlines Holdings, Inc. (A) | 3,928 | $213,683 |
| Building products – 1.0% | |
| A.O. Smith Corp. | 4,434 | 300,404 |
| Advanced Drainage Systems, Inc. | 468 | 52,257 |
| Allegion PLC | 4,622 | 621,104 |
| Builders FirstSource, Inc. (A) | 2,090 | 101,720 |
| Carrier Global Corp. | 25,231 | 1,099,567 |
| Fortune Brands Home & Security, Inc. | 5,446 | 571,721 |
| Johnson Controls International PLC | 18,134 | 1,130,474 |
| Lennox International, Inc. | 1,235 | 414,145 |
| Masco Corp. | 9,279 | 592,743 |
| Owens Corning | 4,752 | 460,041 |
| Trane Technologies PLC | 8,669 | 1,506,932 |
| Trex Company, Inc. (A) | 2,294 | 247,729 |
| Commercial services and supplies – 0.7% | |
| Cintas Corp. | 1,969 | 679,581 |
| Copart, Inc. (A) | 7,895 | 983,006 |
| IAA, Inc. (A) | 4,173 | 262,106 |
| Republic Services, Inc. | 11,277 | 1,198,745 |
| Rollins, Inc. | 7,334 | 273,412 |
| Tetra Tech, Inc. | 504 | 64,326 |
| Waste Management, Inc. | 10,625 | 1,465,931 |
| Construction and engineering – 0.1% | |
| AECOM (A) | 3,888 | 258,280 |
| Quanta Services, Inc. | 3,682 | 355,828 |
| Electrical equipment – 0.9% | |
| AMETEK, Inc. | 8,485 | 1,144,881 |
| Eaton Corp. PLC | 9,563 | 1,366,840 |
| Emerson Electric Company | 12,774 | 1,155,919 |
| Generac Holdings, Inc. (A) | 1,119 | 362,500 |
| Hubbell, Inc. | 2,050 | 393,621 |
| Plug Power, Inc. (A) | 2,888 | 82,337 |
| Rockwell Automation, Inc. | 4,975 | 1,314,694 |
| Sensata Technologies Holding PLC (A) | 6,271 | 362,088 |
| Sunrun, Inc. (A) | 2,524 | 123,676 |
| Industrial conglomerates – 0.9% | |
| 3M Company | 8,349 | 1,645,922 |
| Carlisle Companies, Inc. | 2,470 | 473,376 |
| General Electric Company | 97,543 | 1,279,764 |
| Honeywell International, Inc. | 9,964 | 2,222,371 |
| Roper Technologies, Inc. | 2,145 | 957,614 |
| Machinery – 2.7% | |
| AGCO Corp. | 670 | 97,766 |
| Caterpillar, Inc. | 9,392 | 2,142,409 |
| Cummins, Inc. | 5,642 | 1,422,010 |
| Deere & Company | 5,051 | 1,873,163 |
| Donaldson Company, Inc. | 5,042 | 317,041 |
| Dover Corp. | 7,069 | 1,054,624 |
| Fortive Corp. | 9,389 | 664,929 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Machinery (continued) | |
| Graco, Inc. | 5,190 | $398,592 |
| IDEX Corp. | 2,682 | 601,304 |
| Illinois Tool Works, Inc. | 6,484 | 1,494,303 |
| Ingersoll Rand, Inc. (A) | 10,364 | 512,085 |
| Lincoln Electric Holdings, Inc. | 2,107 | 269,801 |
| Nordson Corp. | 1,616 | 341,639 |
| Otis Worldwide Corp. | 9,554 | 743,970 |
| PACCAR, Inc. | 15,734 | 1,414,172 |
| Parker-Hannifin Corp. | 5,636 | 1,768,633 |
| Pentair PLC | 6,054 | 390,544 |
| Snap-on, Inc. | 2,234 | 530,798 |
| Stanley Black & Decker, Inc. | 6,182 | 1,278,252 |
| The Middleby Corp. (A) | 595 | 107,885 |
| The Toro Company | 3,333 | 381,962 |
| Wabtec Corp. | 5,188 | 425,779 |
| Woodward, Inc. | 1,042 | 130,260 |
| Xylem, Inc. | 5,711 | 631,922 |
| Professional services – 1.0% | |
| Booz Allen Hamilton Holding Corp. | 4,546 | 377,091 |
| CoStar Group, Inc. (A) | 939 | 802,310 |
| Dun & Bradstreet Holdings, Inc. (A) | 2,391 | 56,810 |
| Equifax, Inc. | 4,323 | 990,961 |
| IHS Markit, Ltd. | 9,729 | 1,046,646 |
| Jacobs Engineering Group, Inc. | 4,603 | 615,007 |
| Leidos Holdings, Inc. | 5,095 | 516,022 |
| Nielsen Holdings PLC | 11,705 | 300,233 |
| Robert Half International, Inc. | 4,786 | 419,301 |
| TransUnion | 6,382 | 667,493 |
| Verisk Analytics, Inc. | 5,359 | 1,008,564 |
| Road and rail – 1.4% | |
| AMERCO | 352 | 210,014 |
| CSX Corp. | 15,120 | 1,523,340 |
| J.B. Hunt Transport Services, Inc. | 4,643 | 792,607 |
| Kansas City Southern | 4,155 | 1,214,133 |
| Knight-Swift Transportation Holdings, Inc. | 3,083 | 145,271 |
| Lyft, Inc., Class A (A) | 2,879 | 160,245 |
| Norfolk Southern Corp. | 6,775 | 1,891,851 |
| Old Dominion Freight Line, Inc. | 3,488 | 899,241 |
| Uber Technologies, Inc. (A) | 11,598 | 635,222 |
| Union Pacific Corp. | 11,302 | 2,510,061 |
| Trading companies and distributors – 0.5% | |
| Fastenal Company | 20,672 | 1,080,732 |
| United Rentals, Inc. (A) | 4,076 | 1,304,116 |
| W.W. Grainger, Inc. | 2,075 | 899,596 |
| Watsco, Inc. | 1,009 | 295,496 |
| Information technology – 23.2% | 163,433,938 |
| Communications equipment – 0.8% | |
| Arista Networks, Inc. (A) | 1,638 | 516,248 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 59 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Communications equipment (continued) | |
| Ciena Corp. (A) | 4,004 | $202,082 |
| Cisco Systems, Inc. | 63,806 | 3,248,363 |
| F5 Networks, Inc. (A) | 2,490 | 465,032 |
| Juniper Networks, Inc. | 14,795 | 375,645 |
| Motorola Solutions, Inc. | 5,350 | 1,007,405 |
| Ubiquiti, Inc. | 236 | 67,338 |
| Electronic equipment, instruments and components – 1.3% | |
| Amphenol Corp., Class A | 20,450 | 1,377,103 |
| Arrow Electronics, Inc. (A) | 4,228 | 482,288 |
| CDW Corp. | 5,119 | 912,871 |
| Cognex Corp. | 4,348 | 374,450 |
| Corning, Inc. | 32,923 | 1,455,526 |
| Dolby Laboratories, Inc., Class A | 2,030 | 205,984 |
| Flex, Ltd. (A) | 29,187 | 507,854 |
| II-VI, Inc. (A) | 1,275 | 85,604 |
| IPG Photonics Corp. (A) | 1,161 | 252,065 |
| Keysight Technologies, Inc. (A) | 6,965 | 1,005,398 |
| TE Connectivity, Ltd. | 8,333 | 1,120,539 |
| Trimble, Inc. (A) | 8,470 | 694,540 |
| Zebra Technologies Corp., Class A (A) | 1,792 | 874,030 |
| IT services – 4.9% | |
| Accenture PLC, Class A | 9,379 | 2,719,629 |
| Affirm Holdings, Inc. (A) | 185 | 13,043 |
| Akamai Technologies, Inc. (A) | 6,554 | 712,420 |
| Amdocs, Ltd. | 6,596 | 506,177 |
| Automatic Data Processing, Inc. | 6,418 | 1,200,102 |
| Black Knight, Inc. (A) | 4,138 | 299,674 |
| Broadridge Financial Solutions, Inc. | 4,180 | 663,073 |
| Cognizant Technology Solutions Corp., Class A | 15,136 | 1,216,934 |
| EPAM Systems, Inc. (A) | 1,438 | 658,245 |
| Euronet Worldwide, Inc. (A) | 1,214 | 174,124 |
| Fastly, Inc., Class A (A) | 1,274 | 81,370 |
| Fidelity National Information Services, Inc. | 8,099 | 1,238,337 |
| Fiserv, Inc. (A) | 6,849 | 822,702 |
| FleetCor Technologies, Inc. (A) | 3,086 | 887,904 |
| Gartner, Inc. (A) | 3,408 | 667,559 |
| Genpact, Ltd. | 5,779 | 274,676 |
| Global Payments, Inc. | 5,756 | 1,235,410 |
| Globant SA (A) | 294 | 67,379 |
| GoDaddy, Inc., Class A (A) | 3,699 | 321,147 |
| IBM Corp. | 15,102 | 2,142,672 |
| Jack Henry & Associates, Inc. | 2,761 | 449,574 |
| Mastercard, Inc., Class A | 11,584 | 4,425,783 |
| MongoDB, Inc. (A) | 707 | 210,304 |
| Okta, Inc. (A) | 1,864 | 502,721 |
| Paychex, Inc. | 11,319 | 1,103,489 |
| PayPal Holdings, Inc. (A) | 12,883 | 3,379,082 |
| Snowflake, Inc., Class A (A) | 130 | 30,107 |
| Square, Inc., Class A (A) | 3,059 | 748,904 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| IT services (continued) | |
| The Western Union Company | 16,493 | $424,860 |
| Twilio, Inc., Class A (A) | 2,457 | 903,685 |
| VeriSign, Inc. (A) | 3,256 | 712,315 |
| Visa, Inc., Class A | 21,960 | 5,128,978 |
| WEX, Inc. (A) | 1,231 | 252,614 |
| Semiconductors and semiconductor equipment – 4.9% | |
| Advanced Micro Devices, Inc. (A) | 13,480 | 1,100,238 |
| Analog Devices, Inc. | 9,286 | 1,422,244 |
| Applied Materials, Inc. | 16,348 | 2,169,543 |
| Broadcom, Inc. | 5,524 | 2,520,049 |
| Cree, Inc. (A) | 2,114 | 210,174 |
| Enphase Energy, Inc. (A) | 2,004 | 279,057 |
| Entegris, Inc. | 3,903 | 439,400 |
| First Solar, Inc. (A) | 2,271 | 173,800 |
| Intel Corp. | 67,096 | 3,860,033 |
| KLA Corp. | 4,812 | 1,517,464 |
| Lam Research Corp. | 2,987 | 1,853,284 |
| Marvell Technology, Inc. | 23,537 | 1,064,108 |
| Maxim Integrated Products, Inc. | 11,186 | 1,051,484 |
| Microchip Technology, Inc. | 7,982 | 1,199,615 |
| Micron Technology, Inc. (A) | 18,773 | 1,615,792 |
| MKS Instruments, Inc. | 1,323 | 236,963 |
| Monolithic Power Systems, Inc. | 1,007 | 363,910 |
| NVIDIA Corp. | 5,839 | 3,505,619 |
| ON Semiconductor Corp. (A) | 14,954 | 583,206 |
| Qorvo, Inc. (A) | 4,201 | 790,502 |
| QUALCOMM, Inc. | 17,806 | 2,471,473 |
| Skyworks Solutions, Inc. | 7,096 | 1,286,718 |
| SolarEdge Technologies, Inc. (A) | 959 | 252,735 |
| Teradyne, Inc. | 6,594 | 824,778 |
| Texas Instruments, Inc. | 14,361 | 2,592,304 |
| Universal Display Corp. | 988 | 221,006 |
| Xilinx, Inc. | 7,368 | 942,809 |
| Software – 7.2% | |
| Adobe, Inc. (A) | 4,917 | 2,499,508 |
| Anaplan, Inc. (A) | 1,822 | 108,682 |
| ANSYS, Inc. (A) | 2,779 | 1,016,169 |
| Appian Corp. (A)(B) | 199 | 24,115 |
| Aspen Technology, Inc. (A) | 2,135 | 279,343 |
| Atlassian Corp. PLC, Class A (A) | 1,515 | 359,903 |
| Autodesk, Inc. (A) | 3,346 | 976,731 |
| Avalara, Inc. (A) | 1,532 | 217,100 |
| Bill.com Holdings, Inc. (A) | 872 | 134,837 |
| Cadence Design Systems, Inc. (A) | 6,472 | 852,815 |
| Ceridian HCM Holding, Inc. (A) | 3,008 | 284,196 |
| Citrix Systems, Inc. | 4,943 | 612,191 |
| Cloudflare, Inc., Class A (A) | 2,541 | 215,324 |
| Coupa Software, Inc. (A) | 1,023 | 275,228 |
| Crowdstrike Holdings, Inc., Class A (A) | 1,461 | 304,633 |
| 60 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Software (continued) | |
| Datadog, Inc., Class A (A) | 1,867 | $160,133 |
| DocuSign, Inc. (A) | 1,586 | 353,583 |
| Dropbox, Inc., Class A (A) | 6,769 | 173,963 |
| Dynatrace, Inc. (A) | 2,086 | 108,555 |
| Elastic NV (A) | 1,058 | 127,616 |
| Fair Isaac Corp. (A) | 809 | 421,821 |
| Five9, Inc. (A) | 664 | 124,812 |
| Fortinet, Inc. (A) | 3,660 | 747,482 |
| Guidewire Software, Inc. (A) | 2,486 | 262,298 |
| HubSpot, Inc. (A) | 774 | 407,472 |
| Intuit, Inc. | 3,810 | 1,570,330 |
| Manhattan Associates, Inc. (A) | 1,040 | 142,730 |
| Microsoft Corp. | 96,945 | 24,447,567 |
| NortonLifeLock, Inc. | 21,794 | 470,968 |
| Nuance Communications, Inc. (A) | 5,840 | 310,513 |
| Oracle Corp. | 34,187 | 2,591,033 |
| Palo Alto Networks, Inc. (A) | 1,865 | 659,072 |
| Paycom Software, Inc. (A) | 1,268 | 487,432 |
| Paylocity Holding Corp. (A) | 695 | 134,302 |
| Pegasystems, Inc. | 810 | 102,821 |
| Proofpoint, Inc. (A) | 920 | 158,341 |
| PTC, Inc. (A) | 2,712 | 355,109 |
| Qualtrics International, Inc., Class A (A) | 558 | 20,841 |
| RingCentral, Inc., Class A (A) | 1,244 | 396,774 |
| salesforce.com, Inc. (A) | 9,176 | 2,113,416 |
| ServiceNow, Inc. (A) | 1,820 | 921,593 |
| Slack Technologies, Inc., Class A (A) | 6,898 | 292,475 |
| Smartsheet, Inc., Class A (A) | 2,331 | 138,228 |
| Splunk, Inc. (A) | 3,280 | 414,658 |
| SS&C Technologies Holdings, Inc. | 8,195 | 608,233 |
| Synopsys, Inc. (A) | 4,049 | 1,000,346 |
| The Trade Desk, Inc., Class A (A) | 711 | 518,539 |
| Tyler Technologies, Inc. (A) | 1,159 | 492,413 |
| Unity Software, Inc. (A)(B) | 238 | 24,176 |
| VMware, Inc., Class A (A) | 1,343 | 215,995 |
| Workday, Inc., Class A (A) | 2,216 | 547,352 |
| Zendesk, Inc. (A) | 1,938 | 283,239 |
| Zoom Video Communications, Inc., Class A (A) | 996 | 318,292 |
| Zscaler, Inc. (A) | 1,037 | 194,583 |
| Technology hardware, storage and peripherals – 4.1% | |
| Apple, Inc. | 177,030 | 23,272,364 |
| Dell Technologies, Inc., Class C (A) | 3,400 | 334,322 |
| Hewlett Packard Enterprise Company | 43,015 | 689,100 |
| HP, Inc. | 32,995 | 1,125,459 |
| NetApp, Inc. | 10,970 | 819,349 |
| Seagate Technology PLC | 14,310 | 1,328,540 |
| Western Digital Corp. (A) | 13,185 | 931,257 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Materials – 4.0% | $27,871,365 |
| Chemicals – 2.3% | |
| Air Products & Chemicals, Inc. | 4,203 | 1,212,481 |
| Albemarle Corp. | 4,007 | 673,857 |
| Celanese Corp. | 5,470 | 856,876 |
| CF Industries Holdings, Inc. | 10,520 | 511,588 |
| Corteva, Inc. | 21,701 | 1,058,141 |
| Dow, Inc. | 14,606 | 912,875 |
| DuPont de Nemours, Inc. | 10,638 | 820,296 |
| Eastman Chemical Company | 6,951 | 802,076 |
| Ecolab, Inc. | 4,787 | 1,072,862 |
| FMC Corp. | 4,874 | 576,302 |
| International Flavors & Fragrances, Inc. | 5,188 | 737,578 |
| Linde PLC | 5,814 | 1,661,874 |
| LyondellBasell Industries NV, Class A | 7,976 | 827,430 |
| PPG Industries, Inc. | 8,650 | 1,481,226 |
| RPM International, Inc. | 5,063 | 480,175 |
| The Mosaic Company | 12,132 | 426,804 |
| The Scotts Miracle-Gro Company | 987 | 228,155 |
| The Sherwin-Williams Company | 5,414 | 1,482,732 |
| Westlake Chemical Corp. | 1,515 | 142,243 |
| Construction materials – 0.2% | |
| Martin Marietta Materials, Inc. | 2,177 | 768,742 |
| Vulcan Materials Company | 4,466 | 796,020 |
| Containers and packaging – 0.9% | |
| Amcor PLC | 46,062 | 541,229 |
| AptarGroup, Inc. | 2,262 | 341,132 |
| Avery Dennison Corp. | 3,059 | 655,146 |
| Ball Corp. | 12,739 | 1,192,880 |
| Berry Global Group, Inc. (A) | 5,090 | 323,826 |
| Crown Holdings, Inc. | 5,248 | 576,230 |
| International Paper Company | 19,790 | 1,147,820 |
| Packaging Corp. of America | 4,267 | 630,023 |
| Westrock Company | 9,727 | 542,280 |
| Metals and mining – 0.6% | |
| Freeport-McMoRan, Inc. | 29,267 | 1,103,659 |
| Newmont Corp. | 17,355 | 1,083,126 |
| Nucor Corp. | 13,074 | 1,075,467 |
| Reliance Steel & Aluminum Company | 2,973 | 476,602 |
| Southern Copper Corp. | 2,145 | 148,884 |
| Steel Dynamics, Inc. | 9,272 | 502,728 |
| Real estate – 3.1% | 21,648,097 |
| Equity real estate investment trusts – 2.8% | |
| Alexandria Real Estate Equities, Inc. | 2,862 | 518,308 |
| American Homes 4 Rent, Class A | 6,624 | 245,353 |
| American Tower Corp. | 5,002 | 1,274,360 |
| Americold Realty Trust | 3,382 | 136,599 |
| AvalonBay Communities, Inc. | 3,469 | 666,048 |
| Boston Properties, Inc. | 3,920 | 428,652 |
| Camden Property Trust | 2,364 | 284,815 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 61 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Real estate (continued) | |
| Equity real estate investment trusts (continued) | |
| Crown Castle International Corp. | 5,321 | $1,005,988 |
| CubeSmart | 3,501 | 148,232 |
| CyrusOne, Inc. | 2,117 | 154,181 |
| Digital Realty Trust, Inc. | 4,892 | 754,885 |
| Duke Realty Corp. | 9,226 | 429,194 |
| Equinix, Inc. | 1,121 | 807,972 |
| Equity LifeStyle Properties, Inc. | 4,113 | 285,442 |
| Equity Residential | 7,787 | 578,029 |
| Essex Property Trust, Inc. | 1,658 | 481,682 |
| Extra Space Storage, Inc. | 3,208 | 476,998 |
| Federal Realty Investment Trust | 1,844 | 208,077 |
| Gaming and Leisure Properties, Inc. | 5,113 | 237,703 |
| Healthpeak Properties, Inc. | 12,087 | 415,068 |
| Host Hotels & Resorts, Inc. (A) | 19,004 | 345,113 |
| Invitation Homes, Inc. | 11,421 | 400,420 |
| Iron Mountain, Inc. | 7,066 | 283,488 |
| Kilroy Realty Corp. | 2,576 | 176,559 |
| Kimco Realty Corp. | 3,089 | 64,869 |
| Lamar Advertising Company, Class A | 2,181 | 216,006 |
| Medical Properties Trust, Inc. | 10,590 | 233,510 |
| MGM Growth Properties LLC, Class A | 2,920 | 105,178 |
| Mid-America Apartment Communities, Inc. | 2,781 | 437,535 |
| National Retail Properties, Inc. | 3,986 | 185,030 |
| Omega Healthcare Investors, Inc. | 5,475 | 208,050 |
| Prologis, Inc. | 9,364 | 1,091,187 |
| Public Storage | 1,966 | 552,761 |
| Realty Income Corp. | 7,613 | 526,439 |
| Regency Centers Corp. | 3,822 | 243,309 |
| SBA Communications Corp. | 2,117 | 634,507 |
| Simon Property Group, Inc. | 5,093 | 620,022 |
| STORE Capital Corp. | 4,234 | 151,535 |
| Sun Communities, Inc. | 2,313 | 385,878 |
| UDR, Inc. | 7,011 | 325,661 |
| Ventas, Inc. | 8,889 | 492,984 |
| VEREIT, Inc. | 5,184 | 248,003 |
| VICI Properties, Inc. | 10,878 | 344,833 |
| Vornado Realty Trust | 4,479 | 204,914 |
| Welltower, Inc. | 8,572 | 643,157 |
| Weyerhaeuser Company | 24,803 | 961,612 |
| WP Carey, Inc. | 3,705 | 277,467 |
| Real estate management and development – 0.3% | |
| CBRE Group, Inc., Class A (A) | 15,279 | 1,301,771 |
| eXp World Holdings, Inc. (A)(B) | 571 | 19,620 |
| Jones Lang LaSalle, Inc. (A) | 2,085 | 391,792 |
| Redfin Corp. (A) | 527 | 37,301 |
| Utilities – 3.6% | 25,527,382 |
| Electric utilities – 2.0% | |
| Alliant Energy Corp. | 8,971 | 503,901 |
| American Electric Power Company, Inc. | 13,196 | 1,170,617 |
MULTIFACTOR LARGE CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Utilities (continued) | |
| Electric utilities (continued) | |
| Avangrid, Inc. | 1,769 | $90,042 |
| Duke Energy Corp. | 12,718 | 1,280,575 |
| Edison International | 15,252 | 906,731 |
| Entergy Corp. | 9,630 | 1,052,463 |
| Evergy, Inc. | 9,699 | 620,445 |
| Eversource Energy | 11,659 | 1,005,239 |
| Exelon Corp. | 26,217 | 1,178,192 |
| FirstEnergy Corp. | 17,927 | 679,792 |
| NextEra Energy, Inc. | 21,936 | 1,700,259 |
| NRG Energy, Inc. | 7,711 | 276,208 |
| Pinnacle West Capital Corp. | 5,243 | 443,820 |
| PPL Corp. | 34,848 | 1,015,122 |
| The Southern Company | 19,148 | 1,267,023 |
| Xcel Energy, Inc. | 14,463 | 1,031,212 |
| Gas utilities – 0.1% | |
| Atmos Energy Corp. | 3,766 | 390,120 |
| UGI Corp. | 8,343 | 364,673 |
| Independent power and renewable electricity producers –0.1% | |
| Brookfield Renewable Corp., Class A | 1,679 | 69,645 |
| The AES Corp. | 29,733 | 827,172 |
| Vistra Corp. | 11,173 | 188,489 |
| Multi-utilities – 1.2% | |
| Ameren Corp. | 11,340 | 962,086 |
| CenterPoint Energy, Inc. | 21,146 | 517,866 |
| CMS Energy Corp. | 10,731 | 690,969 |
| Consolidated Edison, Inc. | 13,903 | 1,076,231 |
| Dominion Energy, Inc. | 9,675 | 773,033 |
| DTE Energy Company | 7,880 | 1,103,358 |
| NiSource, Inc. | 16,998 | 442,288 |
| Public Service Enterprise Group, Inc. | 19,335 | 1,221,199 |
| Sempra Energy | 4,344 | 597,604 |
| WEC Energy Group, Inc. | 9,927 | 964,607 |
| Water utilities – 0.2% | |
| American Water Works Company, Inc. | 5,561 | 867,460 |
| Essential Utilities, Inc. | 5,282 | 248,941 |
|
| SHORT-TERM INVESTMENTS – 0.1% | | $689,040 |
| (Cost $689,044) | | |
| Short-term funds – 0.1% | 689,040 |
| John Hancock Collateral Trust, 0.0360% (C)(D) | 37,519 | 375,359 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 313,681 | 313,681 |
| Total investments (Multifactor Large Cap ETF) (Cost $547,124,983) 100.0% | $705,996,595 |
| Other assets and liabilities, net (0.0%) | | (235,114) |
| Total net assets 100.0% | | $705,761,481 |
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| 62 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR LARGE CAP ETF (continued)
| Security Abbreviations and Legend |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (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 MATERIALS ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 100.0% | | $27,186,877 |
| (Cost $19,860,018) | | |
| Industrials – 1.7% | 455,506 |
| Building products – 1.7% | |
| Owens Corning | 3,609 | 349,387 |
| The AZEK Company, Inc. (A) | 2,198 | 106,119 |
| Materials – 97.2% | 26,447,530 |
| Chemicals – 54.6% | |
| Air Products & Chemicals, Inc. | 3,210 | 926,021 |
| Albemarle Corp. | 3,083 | 518,468 |
| Ashland Global Holdings, Inc. | 2,089 | 180,093 |
| Axalta Coating Systems, Ltd. (A) | 9,649 | 307,707 |
| Celanese Corp. | 3,599 | 563,783 |
| CF Industries Holdings, Inc. | 8,649 | 420,601 |
| Dow, Inc. | 16,125 | 1,007,813 |
| DuPont de Nemours, Inc. | 18,335 | 1,413,812 |
| Eastman Chemical Company | 5,477 | 631,991 |
| Ecolab, Inc. | 3,750 | 840,450 |
| FMC Corp. | 4,012 | 474,379 |
| Huntsman Corp. | 7,758 | 222,422 |
| International Flavors & Fragrances, Inc. | 5,435 | 772,694 |
| Linde PLC | 5,885 | 1,682,168 |
| LyondellBasell Industries NV, Class A | 10,174 | 1,055,452 |
| PPG Industries, Inc. | 8,376 | 1,434,306 |
| RPM International, Inc. | 5,081 | 481,882 |
| The Mosaic Company | 11,698 | 411,536 |
| The Scotts Miracle-Gro Company | 1,268 | 293,111 |
| The Sherwin-Williams Company | 3,951 | 1,082,060 |
| Westlake Chemical Corp. | 1,370 | 128,629 |
| Construction materials – 5.8% | |
| Martin Marietta Materials, Inc. | 2,216 | 782,514 |
| Vulcan Materials Company | 4,506 | 803,149 |
| Containers and packaging – 23.1% | |
| Amcor PLC | 63,768 | 749,274 |
| AptarGroup, Inc. | 2,254 | 339,926 |
| Ardagh Group SA | 478 | 12,839 |
| Avery Dennison Corp. | 2,712 | 580,829 |
| Ball Corp. | 10,676 | 999,701 |
| Berry Global Group, Inc. (A) | 6,997 | 445,149 |
| Crown Holdings, Inc. | 4,777 | 524,515 |
| International Paper Company | 17,519 | 1,016,102 |
| Packaging Corp. of America | 3,822 | 564,318 |
MULTIFACTOR MATERIALS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Materials (continued) | |
| Containers and packaging (continued) | |
| Sealed Air Corp. | 5,037 | $248,828 |
| Sonoco Products Company | 4,620 | 302,425 |
| Westrock Company | 8,975 | 500,356 |
| Metals and mining – 13.7% | |
| Cleveland-Cliffs, Inc. (A)(B) | 7,992 | 142,737 |
| Freeport-McMoRan, Inc. | 19,519 | 736,061 |
| Newmont Corp. | 13,818 | 862,381 |
| Nucor Corp. | 9,785 | 804,914 |
| Reliance Steel & Aluminum Company | 2,219 | 355,728 |
| Royal Gold, Inc. | 1,775 | 198,552 |
| Southern Copper Corp. | 1,716 | 119,108 |
| Steel Dynamics, Inc. | 9,383 | 508,746 |
| Utilities – 1.1% | 283,841 |
| Multi-utilities – 1.1% | |
| MDU Resources Group, Inc. | 8,483 | 283,841 |
|
| SHORT-TERM INVESTMENTS – 0.2% | | $56,333 |
| (Cost $56,333) | | |
| Short-term funds – 0.2% | 56,333 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 56,333 | 56,333 |
| Total investments (Multifactor Materials ETF) (Cost $19,916,351) 100.2% | $27,243,210 |
| Other assets and liabilities, net (0.2%) | | (42,828) |
| Total net assets 100.0% | | $27,200,382 |
| 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 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
MULTIFACTOR MEDIA AND COMMUNICATIONS ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 99.9% | | $31,247,669 |
| (Cost $25,188,945) | | |
| Communication services – 97.2% | 30,374,892 |
| Diversified telecommunication services – 11.0% | |
| AT&T, Inc. | 35,603 | 1,118,290 |
| Lumen Technologies, Inc. | 66,588 | 854,324 |
| Verizon Communications, Inc. | 25,129 | 1,452,205 |
| Entertainment – 25.4% | |
| Activision Blizzard, Inc. | 13,424 | 1,224,135 |
| Electronic Arts, Inc. | 8,987 | 1,276,873 |
| Liberty Media Corp.-Liberty Formula One, Series A (A) | 1,215 | 50,325 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 63 |
MULTIFACTOR MEDIA AND COMMUNICATIONS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Communication services (continued) | |
| Entertainment (continued) | |
| Liberty Media Corp.-Liberty Formula One, Series C (A) | 6,822 | $320,225 |
| Live Nation Entertainment, Inc. (A) | 3,740 | 306,231 |
| Netflix, Inc. (A) | 3,372 | 1,731,421 |
| Spotify Technology SA (A) | 1,283 | 323,470 |
| Take-Two Interactive Software, Inc. (A) | 2,636 | 462,302 |
| The Walt Disney Company (A) | 9,614 | 1,788,396 |
| Warner Music Group Corp., Class A | 3,655 | 138,744 |
| Zynga, Inc., Class A (A) | 30,066 | 325,314 |
| Interactive media and services – 23.7% | |
| Alphabet, Inc., Class A (A) | 459 | 1,080,257 |
| Alphabet, Inc., Class C (A) | 437 | 1,053,222 |
| Angi, Inc. (A) | 2,475 | 39,625 |
| Facebook, Inc., Class A (A) | 7,054 | 2,293,111 |
| InterActiveCorp (A) | 3,110 | 788,292 |
| Match Group, Inc. (A) | 3,894 | 606,023 |
| Pinterest, Inc., Class A (A) | 5,195 | 344,792 |
| Snap, Inc., Class A (A) | 7,106 | 439,293 |
| TripAdvisor, Inc. (A) | 1,879 | 88,557 |
| Twitter, Inc. (A) | 7,455 | 411,665 |
| Zillow Group, Inc., Class A (A) | 481 | 64,141 |
| Zillow Group, Inc., Class C (A) | 1,490 | 193,879 |
| Media – 33.8% | |
| Altice USA, Inc., Class A (A) | 7,074 | 256,857 |
| Cable One, Inc. | 194 | 347,260 |
| Charter Communications, Inc., Class A (A) | 1,964 | 1,322,656 |
| Comcast Corp., Class A | 34,472 | 1,935,603 |
| Discovery, Inc., Series A (A)(B) | 9,183 | 345,832 |
| Discovery, Inc., Series C (A) | 17,014 | 549,722 |
| DISH Network Corp., Class A (A) | 9,814 | 439,569 |
| Fox Corp., Class A | 12,868 | 481,521 |
| Fox Corp., Class B | 6,162 | 224,174 |
| Liberty Broadband Corp., Series A (A) | 912 | 143,795 |
| Liberty Broadband Corp., Series C (A) | 5,315 | 864,857 |
| Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 2,721 | 122,962 |
| Liberty Media Corp.-Liberty SiriusXM, Series C (A) | 5,485 | 248,087 |
| News Corp., Class A | 13,388 | 350,699 |
| News Corp., Class B | 4,620 | 112,312 |
| Nexstar Media Group, Inc., Class A | 2,710 | 399,481 |
| Omnicom Group, Inc. | 11,748 | 966,390 |
| Sirius XM Holdings, Inc. (B) | 30,314 | 184,915 |
| The Interpublic Group of Companies, Inc. | 21,461 | 681,387 |
| The New York Times Company, Class A | 3,721 | 168,971 |
| ViacomCBS, Inc., Class A | 299 | 13,515 |
| ViacomCBS, Inc., Class B | 9,626 | 394,859 |
| Wireless telecommunication services – 3.3% | |
| T-Mobile US, Inc. (A) | 7,904 | 1,044,356 |
MULTIFACTOR MEDIA AND COMMUNICATIONS ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials – 2.1% | $676,118 |
| Professional services – 2.1% | |
| Nielsen Holdings PLC | 22,583 | 579,254 |
| Upwork, Inc. (A) | 2,103 | 96,864 |
| Information technology – 0.6% | 196,659 |
| Software – 0.6% | |
| Dynatrace, Inc. (A) | 3,779 | 196,659 |
|
| SHORT-TERM INVESTMENTS – 0.1% | | $21,616 |
| (Cost $21,616) | | |
| Short-term funds – 0.1% | 21,616 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 21,616 | 21,616 |
| Total investments (Multifactor Media and Communications ETF) (Cost $25,210,561) 100.0% | $31,269,285 |
| Other assets and liabilities, net (0.0%) | | (10,318) |
| Total net assets 100.0% | | $31,258,967 |
| 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 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
MULTIFACTOR MID CAP ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 100.0% | | $2,162,057,110 |
| (Cost $1,616,550,663) | | |
| Communication services – 3.3% | 72,244,651 |
| Diversified telecommunication services – 0.3% | |
| Lumen Technologies, Inc. | 549,650 | 7,051,998 |
| Entertainment – 0.6% | |
| Liberty Media Corp.-Liberty Formula One, Series A (A) | 7,283 | 301,662 |
| Liberty Media Corp.-Liberty Formula One, Series C (A) | 74,629 | 3,503,085 |
| Live Nation Entertainment, Inc. (A) | 23,050 | 1,887,334 |
| Take-Two Interactive Software, Inc. (A) | 23,311 | 4,088,283 |
| Warner Music Group Corp., Class A | 14,904 | 565,756 |
| Zynga, Inc., Class A (A) | 234,156 | 2,533,568 |
| Interactive media and services – 0.3% | |
| Angi, Inc. (A) | 16,056 | 257,057 |
| InterActiveCorp (A) | 18,461 | 4,679,310 |
| TripAdvisor, Inc. (A) | 10,752 | 506,742 |
| ZoomInfo Technologies, Inc., Class A (A) | 9,527 | 494,070 |
| Media – 2.1% | |
| Altice USA, Inc., Class A (A) | 54,918 | 1,994,073 |
| 64 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Communication services (continued) | |
| Media (continued) | |
| Cable One, Inc. | 1,840 | $3,293,600 |
| Discovery, Inc., Series A (A) | 38,014 | 1,431,607 |
| Discovery, Inc., Series C (A) | 84,702 | 2,736,722 |
| DISH Network Corp., Class A (A) | 65,263 | 2,923,130 |
| Fox Corp., Class A | 77,571 | 2,902,707 |
| Fox Corp., Class B | 35,320 | 1,284,942 |
| Liberty Broadband Corp., Series A (A) | 4,999 | 788,192 |
| Liberty Broadband Corp., Series C (A) | 40,464 | 6,584,302 |
| Liberty Media Corp.-Liberty SiriusXM, Series A (A) | 24,543 | 1,109,098 |
| Liberty Media Corp.-Liberty SiriusXM, Series C (A) | 36,222 | 1,638,321 |
| News Corp., Class A | 150,033 | 3,930,114 |
| News Corp., Class B | 44,797 | 1,089,015 |
| Nexstar Media Group, Inc., Class A | 21,123 | 3,113,741 |
| Omnicom Group, Inc. | 49,611 | 4,081,001 |
| Sirius XM Holdings, Inc. (B) | 105,401 | 642,946 |
| The Interpublic Group of Companies, Inc. | 156,736 | 4,976,368 |
| The New York Times Company, Class A | 40,870 | 1,855,907 |
| Consumer discretionary – 13.9% | 300,486,665 |
| Auto components – 0.8% | |
| Autoliv, Inc. (A) | 37,366 | 3,761,262 |
| BorgWarner, Inc. | 91,053 | 4,423,355 |
| Fox Factory Holding Corp. (A) | 8,294 | 1,270,890 |
| Gentex Corp. | 100,310 | 3,528,906 |
| Lear Corp. | 27,077 | 4,977,836 |
| Automobiles – 0.3% | |
| Harley-Davidson, Inc. | 71,614 | 3,463,969 |
| Thor Industries, Inc. | 22,721 | 3,217,066 |
| Distributors – 0.7% | |
| Genuine Parts Company | 38,198 | 4,773,604 |
| LKQ Corp. (A) | 119,407 | 5,577,501 |
| Pool Corp. | 12,242 | 5,172,490 |
| Diversified consumer services – 0.6% | |
| Bright Horizons Family Solutions, Inc. (A) | 16,981 | 2,459,358 |
| Chegg, Inc. (A) | 27,617 | 2,494,644 |
| Service Corp. International | 87,607 | 4,681,718 |
| Terminix Global Holdings, Inc. (A) | 49,716 | 2,530,047 |
| Hotels, restaurants and leisure – 2.5% | |
| Aramark | 95,825 | 3,724,718 |
| Boyd Gaming Corp. (A) | 16,887 | 1,117,075 |
| Caesars Entertainment, Inc. (A) | 35,407 | 3,464,221 |
| Choice Hotels International, Inc. (A) | 9,031 | 1,027,728 |
| Churchill Downs, Inc. | 8,308 | 1,757,142 |
| Darden Restaurants, Inc. | 33,443 | 4,906,757 |
| Domino's Pizza, Inc. | 8,869 | 3,745,733 |
| DraftKings, Inc., Class A (A)(B) | 30,200 | 1,711,132 |
| Expedia Group, Inc. (A) | 22,333 | 3,935,745 |
| Hyatt Hotels Corp., Class A (A) | 13,839 | 1,139,365 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Hotels, restaurants and leisure (continued) | |
| Marriott Vacations Worldwide Corp. (A) | 13,751 | $2,442,590 |
| MGM Resorts International | 101,101 | 4,116,833 |
| Norwegian Cruise Line Holdings, Ltd. (A) | 85,920 | 2,667,816 |
| Penn National Gaming, Inc. (A) | 25,898 | 2,308,030 |
| Planet Fitness, Inc., Class A (A) | 20,699 | 1,738,509 |
| Royal Caribbean Cruises, Ltd. (A) | 26,797 | 2,329,999 |
| Texas Roadhouse, Inc. (A) | 21,100 | 2,258,122 |
| Vail Resorts, Inc. (A) | 14,986 | 4,872,848 |
| Wyndham Hotels & Resorts, Inc. | 30,609 | 2,237,824 |
| Wynn Resorts, Ltd. (A) | 20,828 | 2,674,315 |
| Household durables – 2.7% | |
| D.R. Horton, Inc. | 83,364 | 8,193,848 |
| Garmin, Ltd. | 34,798 | 4,775,678 |
| Helen of Troy, Ltd. (A) | 7,260 | 1,533,385 |
| Leggett & Platt, Inc. | 52,512 | 2,608,271 |
| Lennar Corp., A Shares | 62,069 | 6,430,348 |
| Lennar Corp., B Shares | 3,933 | 316,882 |
| Mohawk Industries, Inc. (A) | 18,195 | 3,739,073 |
| Newell Brands, Inc. | 133,737 | 3,605,550 |
| NVR, Inc. (A) | 1,080 | 5,419,548 |
| PulteGroup, Inc. | 106,510 | 6,296,871 |
| Tempur Sealy International, Inc. | 60,240 | 2,297,554 |
| Toll Brothers, Inc. | 50,267 | 3,151,741 |
| TopBuild Corp. (A) | 10,481 | 2,330,765 |
| Whirlpool Corp. | 34,502 | 8,157,998 |
| Internet and direct marketing retail – 0.4% | |
| Etsy, Inc. (A) | 26,068 | 5,182,058 |
| GrubHub, Inc. (A) | 29,486 | 2,006,227 |
| Stitch Fix, Inc., Class A (A) | 7,427 | 321,738 |
| Wayfair, Inc., Class A (A) | 6,252 | 1,847,904 |
| Leisure products – 0.8% | |
| Brunswick Corp. | 38,446 | 4,118,720 |
| Hasbro, Inc. | 44,478 | 4,423,337 |
| Mattel, Inc. (A) | 78,165 | 1,677,421 |
| Peloton Interactive, Inc., Class A (A) | 17,753 | 1,746,008 |
| Polaris, Inc. | 22,964 | 3,215,649 |
| YETI Holdings, Inc. (A) | 23,384 | 1,997,461 |
| Multiline retail – 0.5% | |
| Dollar Tree, Inc. (A) | 61,981 | 7,121,617 |
| Kohl's Corp. | 42,051 | 2,466,712 |
| Ollie's Bargain Outlet Holdings, Inc. (A) | 12,010 | 1,108,163 |
| Specialty retail – 3.4% | |
| Advance Auto Parts, Inc. | 29,379 | 5,880,501 |
| AutoNation, Inc. (A) | 34,338 | 3,518,958 |
| AutoZone, Inc. (A) | 2,927 | 4,285,479 |
| Best Buy Company, Inc. | 68,274 | 7,938,218 |
| Burlington Stores, Inc. (A) | 10,690 | 3,488,468 |
| CarMax, Inc. (A) | 49,042 | 6,534,356 |
| Dick's Sporting Goods, Inc. | 29,976 | 2,475,418 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 65 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Specialty retail (continued) | |
| Five Below, Inc. (A) | 16,952 | $3,411,929 |
| Floor & Decor Holdings, Inc., Class A (A) | 31,903 | 3,538,681 |
| GameStop Corp., Class A (A) | 6,299 | 1,093,443 |
| L Brands, Inc. (A) | 51,110 | 3,368,149 |
| Lithia Motors, Inc., Class A | 10,358 | 3,981,408 |
| RH (A) | 4,791 | 3,296,304 |
| The Gap, Inc. | 88,990 | 2,945,569 |
| Tractor Supply Company | 34,257 | 6,460,870 |
| Ulta Beauty, Inc. (A) | 13,704 | 4,513,412 |
| Williams-Sonoma, Inc. | 35,044 | 5,983,763 |
| Textiles, apparel and luxury goods – 1.2% | |
| Capri Holdings, Ltd. (A) | 46,547 | 2,563,809 |
| Columbia Sportswear Company | 12,598 | 1,373,308 |
| Deckers Outdoor Corp. (A) | 10,998 | 3,719,524 |
| Hanesbrands, Inc. | 151,932 | 3,199,688 |
| Levi Strauss & Company, Class A | 19,786 | 571,024 |
| PVH Corp. (A) | 24,988 | 2,828,142 |
| Ralph Lauren Corp. (A) | 15,992 | 2,131,574 |
| Skechers U.S.A., Inc., Class A (A) | 51,228 | 2,484,046 |
| Tapestry, Inc. (A) | 82,085 | 3,927,767 |
| Under Armour, Inc., Class A (A) | 53,162 | 1,292,368 |
| Under Armour, Inc., Class C (A) | 54,285 | 1,080,814 |
| Consumer staples – 3.3% | 71,785,001 |
| Beverages – 0.2% | |
| Molson Coors Beverage Company, Class B (A) | 34,919 | 1,918,799 |
| The Boston Beer Company, Inc., Class A (A) | 2,362 | 2,873,349 |
| Food and staples retailing – 0.7% | |
| Albertsons Companies, Inc., Class A (B) | 33,661 | 625,085 |
| BJ's Wholesale Club Holdings, Inc. (A) | 30,517 | 1,363,194 |
| Casey's General Stores, Inc. | 14,406 | 3,200,869 |
| Performance Food Group Company (A) | 42,577 | 2,499,270 |
| The Kroger Company | 110,544 | 4,039,278 |
| U.S. Foods Holding Corp. (A) | 83,273 | 3,452,499 |
| Food products – 1.9% | |
| Beyond Meat, Inc. (A)(B) | 7,937 | 1,045,144 |
| Bunge, Ltd. | 55,608 | 4,694,427 |
| Campbell Soup Company | 42,508 | 2,029,757 |
| Conagra Brands, Inc. | 106,131 | 3,936,399 |
| Darling Ingredients, Inc. (A) | 59,776 | 4,151,443 |
| Freshpet, Inc. (A) | 6,897 | 1,274,704 |
| Hormel Foods Corp. | 35,289 | 1,630,352 |
| Ingredion, Inc. | 28,114 | 2,626,129 |
| Lamb Weston Holdings, Inc. | 45,726 | 3,680,943 |
| McCormick & Company, Inc. | 47,430 | 4,285,775 |
| Pilgrim's Pride Corp. (A) | 20,256 | 485,334 |
| Post Holdings, Inc. (A) | 26,750 | 3,043,615 |
| The J.M. Smucker Company | 25,624 | 3,356,488 |
| Tyson Foods, Inc., Class A | 47,223 | 3,657,421 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer staples (continued) | |
| Household products – 0.4% | |
| Church & Dwight Company, Inc. | 50,448 | $4,325,412 |
| Reynolds Consumer Products, Inc. | 13,910 | 407,841 |
| The Clorox Company | 26,700 | 4,872,750 |
| Personal products – 0.1% | |
| Coty, Inc., Class A (A) | 65,033 | 650,980 |
| Herbalife Nutrition, Ltd. (A) | 36,219 | 1,657,744 |
| Energy – 2.4% | 50,805,058 |
| Energy equipment and services – 0.3% | |
| Baker Hughes Company | 104,702 | 2,102,416 |
| Halliburton Company | 140,907 | 2,756,141 |
| NOV, Inc. (A) | 106,462 | 1,591,607 |
| Oil, gas and consumable fuels – 2.1% | |
| APA Corp. | 88,974 | 1,779,480 |
| Cabot Oil & Gas Corp. | 103,560 | 1,726,345 |
| Cheniere Energy, Inc. (A) | 41,489 | 3,216,227 |
| Cimarex Energy Company | 15,058 | 996,840 |
| Continental Resources, Inc. | 23,528 | 640,903 |
| Devon Energy Corp. | 78,864 | 1,843,840 |
| Diamondback Energy, Inc. | 48,956 | 4,001,174 |
| Hess Corp. | 51,584 | 3,843,524 |
| HollyFrontier Corp. | 62,808 | 2,198,280 |
| Marathon Oil Corp. | 273,450 | 3,079,047 |
| New Fortress Energy, Inc. | 10,349 | 440,039 |
| Occidental Petroleum Corp. | 192,690 | 4,886,618 |
| ONEOK, Inc. | 83,523 | 4,371,594 |
| Ovintiv, Inc. | 96,219 | 2,302,521 |
| Pioneer Natural Resources Company | 26,620 | 4,094,955 |
| Targa Resources Corp. | 69,849 | 2,423,062 |
| Texas Pacific Land Corp. | 1,630 | 2,510,445 |
| Financials – 13.5% | 290,827,256 |
| Banks – 4.2% | |
| BOK Financial Corp. | 9,864 | 867,440 |
| Citizens Financial Group, Inc. | 123,646 | 5,722,337 |
| Comerica, Inc. | 44,915 | 3,375,811 |
| Commerce Bancshares, Inc. | 40,937 | 3,185,308 |
| Cullen/Frost Bankers, Inc. | 19,725 | 2,368,184 |
| East West Bancorp, Inc. | 57,920 | 4,410,608 |
| Fifth Third Bancorp | 203,715 | 8,258,606 |
| First Citizens BancShares, Inc., Class A | 1,415 | 1,227,456 |
| First Financial Bankshares, Inc. | 39,268 | 1,927,273 |
| First Horizon Corp. | 185,980 | 3,401,574 |
| First Republic Bank | 36,619 | 6,710,066 |
| Huntington Bancshares, Inc. | 281,370 | 4,310,588 |
| KeyCorp | 258,632 | 5,627,832 |
| M&T Bank Corp. | 26,290 | 4,145,670 |
| People's United Financial, Inc. | 154,790 | 2,806,343 |
| Pinnacle Financial Partners, Inc. | 12,915 | 1,131,871 |
| Prosperity Bancshares, Inc. | 31,706 | 2,325,952 |
| 66 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Banks (continued) | |
| Regions Financial Corp. | 278,792 | $6,077,666 |
| Signature Bank | 20,448 | 5,142,876 |
| SVB Financial Group (A) | 13,308 | 7,609,914 |
| Synovus Financial Corp. | 34,453 | 1,614,468 |
| TCF Financial Corp. | 56,398 | 2,567,237 |
| Western Alliance Bancorp | 19,575 | 2,056,745 |
| Zions Bancorp NA | 69,631 | 3,885,410 |
| Capital markets – 3.4% | |
| Affiliated Managers Group, Inc. | 9,952 | 1,603,964 |
| Ameriprise Financial, Inc. | 31,200 | 8,062,080 |
| Apollo Global Management, Inc. | 23,423 | 1,296,932 |
| Ares Management Corp., Class A | 24,756 | 1,300,185 |
| Cboe Global Markets, Inc. | 32,515 | 3,393,591 |
| FactSet Research Systems, Inc. | 10,950 | 3,681,609 |
| Franklin Resources, Inc. | 87,334 | 2,620,020 |
| Interactive Brokers Group, Inc., Class A | 17,706 | 1,266,333 |
| Invesco, Ltd. | 129,339 | 3,492,153 |
| LPL Financial Holdings, Inc. | 25,558 | 4,004,939 |
| MarketAxess Holdings, Inc. | 10,457 | 5,107,826 |
| Morningstar, Inc. | 7,158 | 1,896,942 |
| MSCI, Inc. | 16,586 | 8,056,981 |
| Nasdaq, Inc. | 30,891 | 4,990,132 |
| Northern Trust Corp. | 46,884 | 5,335,399 |
| Raymond James Financial, Inc. | 34,618 | 4,527,342 |
| SEI Investments Company | 48,260 | 2,965,094 |
| State Street Corp. | 56,698 | 4,759,797 |
| Stifel Financial Corp. | 28,313 | 1,958,976 |
| T. Rowe Price Group, Inc. | 15,614 | 2,798,029 |
| Tradeweb Markets, Inc., Class A | 10,468 | 850,839 |
| Consumer finance – 0.9% | |
| Ally Financial, Inc. | 163,691 | 8,421,902 |
| Credit Acceptance Corp. (A)(B) | 3,742 | 1,477,304 |
| OneMain Holdings, Inc. | 35,708 | 2,030,714 |
| Santander Consumer USA Holdings, Inc. | 40,787 | 1,384,311 |
| Synchrony Financial | 132,593 | 5,799,618 |
| Diversified financial services – 0.6% | |
| Equitable Holdings, Inc. | 132,122 | 4,522,536 |
| Jefferies Financial Group, Inc. | 88,939 | 2,891,407 |
| Voya Financial, Inc. | 60,098 | 4,075,846 |
| Insurance – 4.3% | |
| Alleghany Corp. (A) | 4,220 | 2,865,253 |
| American Financial Group, Inc. | 27,285 | 3,352,235 |
| Arch Capital Group, Ltd. (A) | 82,338 | 3,269,642 |
| Arthur J. Gallagher & Company | 45,154 | 6,545,072 |
| Assurant, Inc. | 22,494 | 3,500,066 |
| Athene Holding, Ltd., Class A (A) | 64,046 | 3,821,625 |
| Brown & Brown, Inc. | 72,627 | 3,862,304 |
| Cincinnati Financial Corp. | 35,457 | 3,995,295 |
| CNA Financial Corp. | 8,302 | 389,613 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Insurance (continued) | |
| Erie Indemnity Company, Class A | 7,910 | $1,692,898 |
| Everest Re Group, Ltd. | 12,219 | 3,384,052 |
| Fidelity National Financial, Inc. | 100,461 | 4,583,031 |
| First American Financial Corp. | 48,288 | 3,114,576 |
| Globe Life, Inc. | 37,909 | 3,885,293 |
| Lemonade, Inc. (A)(B) | 5,418 | 489,787 |
| Lincoln National Corp. | 57,615 | 3,694,850 |
| Loews Corp. | 69,113 | 3,853,050 |
| Markel Corp. (A) | 2,960 | 3,482,203 |
| Old Republic International Corp. | 107,565 | 2,648,250 |
| Primerica, Inc. | 15,167 | 2,423,232 |
| Principal Financial Group, Inc. | 73,279 | 4,680,330 |
| Reinsurance Group of America, Inc. | 28,688 | 3,744,645 |
| RenaissanceRe Holdings, Ltd. | 15,767 | 2,661,627 |
| The Hartford Financial Services Group, Inc. | 110,273 | 7,273,607 |
| W.R. Berkley Corp. | 43,616 | 3,477,068 |
| Willis Towers Watson PLC | 24,900 | 6,445,614 |
| Thrifts and mortgage finance – 0.1% | |
| New York Community Bancorp, Inc. | 172,278 | 2,060,445 |
| TFS Financial Corp. | 15,417 | 301,557 |
| Health care – 13.4% | 290,299,895 |
| Biotechnology – 2.2% | |
| ACADIA Pharmaceuticals, Inc. (A) | 24,466 | 503,021 |
| Acceleron Pharma, Inc. (A) | 13,679 | 1,709,465 |
| Allakos, Inc. (A) | 6,698 | 730,886 |
| Alnylam Pharmaceuticals, Inc. (A) | 21,978 | 3,090,986 |
| Arrowhead Pharmaceuticals, Inc. (A) | 17,580 | 1,279,121 |
| BioMarin Pharmaceutical, Inc. (A) | 34,668 | 2,701,331 |
| Blueprint Medicines Corp. (A) | 9,378 | 903,289 |
| Bridgebio Pharma, Inc. (A) | 12,547 | 701,628 |
| CRISPR Therapeutics AG (A) | 14,766 | 1,938,333 |
| Denali Therapeutics, Inc. (A) | 13,560 | 819,566 |
| Exact Sciences Corp. (A) | 28,411 | 3,745,138 |
| Exelixis, Inc. (A) | 135,370 | 3,332,809 |
| Fate Therapeutics, Inc. (A) | 9,774 | 854,150 |
| Halozyme Therapeutics, Inc. (A) | 26,775 | 1,337,411 |
| Incyte Corp. (A) | 25,255 | 2,156,272 |
| Invitae Corp. (A)(B) | 29,405 | 1,026,235 |
| Ionis Pharmaceuticals, Inc. (A) | 40,589 | 1,738,021 |
| Iovance Biotherapeutics, Inc. (A) | 26,275 | 826,086 |
| Kodiak Sciences, Inc. (A) | 3,709 | 448,196 |
| Mirati Therapeutics, Inc. (A) | 7,362 | 1,223,712 |
| Natera, Inc. (A) | 12,746 | 1,402,315 |
| Neurocrine Biosciences, Inc. (A) | 28,574 | 2,699,957 |
| Novavax, Inc. (A) | 7,631 | 1,808,013 |
| Sarepta Therapeutics, Inc. (A) | 11,285 | 799,429 |
| Seagen, Inc. (A) | 15,911 | 2,287,365 |
| TG Therapeutics, Inc. (A) | 14,992 | 670,292 |
| Twist Bioscience Corp. (A) | 6,129 | 822,451 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 67 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Biotechnology (continued) | |
| Ultragenyx Pharmaceutical, Inc. (A) | 13,744 | $1,534,380 |
| United Therapeutics Corp. (A) | 18,688 | 3,766,753 |
| Vir Biotechnology, Inc. (A) | 12,249 | 584,767 |
| Health care equipment and supplies – 3.2% | |
| ABIOMED, Inc. (A) | 9,184 | 2,945,584 |
| Dentsply Sirona, Inc. | 82,344 | 5,559,043 |
| Envista Holdings Corp. (A) | 42,977 | 1,860,045 |
| Globus Medical, Inc., Class A (A) | 30,396 | 2,181,521 |
| Haemonetics Corp. (A) | 18,853 | 1,268,053 |
| Hill-Rom Holdings, Inc. | 35,827 | 3,948,852 |
| Hologic, Inc. (A) | 85,975 | 5,635,661 |
| Insulet Corp. (A) | 11,114 | 3,281,075 |
| Integra LifeSciences Holdings Corp. (A) | 23,404 | 1,733,768 |
| Masimo Corp. (A) | 16,504 | 3,839,986 |
| Nevro Corp. (A) | 4,989 | 862,149 |
| Novocure, Ltd. (A) | 16,476 | 3,362,752 |
| Penumbra, Inc. (A) | 8,286 | 2,535,433 |
| Quidel Corp. (A) | 15,422 | 1,616,071 |
| ResMed, Inc. | 34,607 | 6,505,078 |
| STERIS PLC | 26,082 | 5,503,824 |
| Tandem Diabetes Care, Inc. (A) | 12,080 | 1,110,152 |
| Teleflex, Inc. | 12,005 | 5,071,872 |
| The Cooper Companies, Inc. | 13,469 | 5,534,277 |
| West Pharmaceutical Services, Inc. | 18,375 | 6,036,555 |
| Health care providers and services – 3.0% | |
| 1Life Healthcare, Inc. (A) | 16,067 | 699,075 |
| Amedisys, Inc. (A) | 10,916 | 2,945,683 |
| AmerisourceBergen Corp. | 33,576 | 4,055,981 |
| Cardinal Health, Inc. | 84,613 | 5,105,548 |
| Chemed Corp. | 5,896 | 2,810,093 |
| DaVita, Inc. (A) | 41,045 | 4,782,974 |
| Encompass Health Corp. | 50,095 | 4,251,062 |
| Guardant Health, Inc. (A) | 13,304 | 2,115,070 |
| HealthEquity, Inc. (A) | 29,540 | 2,244,154 |
| Henry Schein, Inc. (A) | 63,526 | 4,605,635 |
| Laboratory Corp. of America Holdings (A) | 30,710 | 8,164,868 |
| LHC Group, Inc. (A) | 8,408 | 1,751,134 |
| Molina Healthcare, Inc. (A) | 29,718 | 7,581,062 |
| Oak Street Health, Inc. (A)(B) | 3,428 | 211,268 |
| Quest Diagnostics, Inc. | 47,438 | 6,256,123 |
| R1 RCM, Inc. (A) | 56,758 | 1,548,358 |
| Universal Health Services, Inc., Class B | 37,686 | 5,592,979 |
| Health care technology – 0.6% | |
| Cerner Corp. | 85,743 | 6,435,012 |
| Change Healthcare, Inc. (A) | 90,700 | 2,081,565 |
| Inspire Medical Systems, Inc. (A) | 3,307 | 783,164 |
| Schrodinger, Inc. (A) | 8,643 | 658,942 |
| Teladoc Health, Inc. (A)(B) | 15,561 | 2,681,938 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Life sciences tools and services – 3.2% | |
| 10X Genomics, Inc., Class A (A) | 7,667 | $1,516,533 |
| Adaptive Biotechnologies Corp. (A) | 21,629 | 899,766 |
| Agilent Technologies, Inc. | 52,890 | 7,068,220 |
| Avantor, Inc. (A) | 106,410 | 3,409,376 |
| Bio-Rad Laboratories, Inc., Class A (A) | 6,824 | 4,300,007 |
| Bio-Techne Corp. | 11,095 | 4,743,002 |
| Bruker Corp. | 44,260 | 3,032,695 |
| Charles River Laboratories International, Inc. (A) | 17,834 | 5,928,913 |
| IQVIA Holdings, Inc. (A) | 24,172 | 5,672,927 |
| Medpace Holdings, Inc. (A) | 10,327 | 1,752,285 |
| Mettler-Toledo International, Inc. (A) | 6,253 | 8,212,190 |
| NeoGenomics, Inc. (A) | 30,304 | 1,484,593 |
| Pacific Biosciences of California, Inc. (A) | 23,104 | 689,654 |
| PerkinElmer, Inc. | 38,109 | 4,940,070 |
| PPD, Inc. (A) | 22,860 | 1,056,132 |
| PRA Health Sciences, Inc. (A) | 28,870 | 4,818,114 |
| Repligen Corp. (A) | 14,014 | 2,966,904 |
| Sotera Health Company (A) | 9,440 | 243,174 |
| Syneos Health, Inc. (A) | 35,869 | 3,043,485 |
| Waters Corp. (A) | 13,985 | 4,193,682 |
| Pharmaceuticals – 1.2% | |
| Atea Pharmaceuticals, Inc. (A) | 1,651 | 40,796 |
| Catalent, Inc. (A) | 57,026 | 6,413,714 |
| Elanco Animal Health, Inc. (A) | 104,693 | 3,319,815 |
| Horizon Therapeutics PLC (A) | 67,603 | 6,396,596 |
| Jazz Pharmaceuticals PLC (A) | 27,165 | 4,465,926 |
| Perrigo Company PLC | 47,806 | 1,990,164 |
| Viatris, Inc. (A) | 188,447 | 2,506,345 |
| Industrials – 15.6% | 337,721,175 |
| Aerospace and defense – 1.1% | |
| Axon Enterprise, Inc. (A) | 11,252 | 1,705,916 |
| BWX Technologies, Inc. | 30,686 | 2,053,507 |
| HEICO Corp. | 8,131 | 1,144,845 |
| HEICO Corp., Class A | 13,262 | 1,674,725 |
| Howmet Aerospace, Inc. (A) | 116,719 | 3,730,339 |
| Huntington Ingalls Industries, Inc. | 15,326 | 3,254,016 |
| Teledyne Technologies, Inc. (A) | 10,226 | 4,578,692 |
| Textron, Inc. | 81,308 | 5,223,226 |
| Virgin Galactic Holdings, Inc. (A)(B) | 22,071 | 488,873 |
| Air freight and logistics – 0.7% | |
| C.H. Robinson Worldwide, Inc. | 44,685 | 4,338,020 |
| Expeditors International of Washington, Inc. | 48,753 | 5,356,005 |
| XPO Logistics, Inc. (A) | 40,964 | 5,698,912 |
| Airlines – 0.2% | |
| Alaska Air Group, Inc. (A) | 14,998 | 1,036,962 |
| American Airlines Group, Inc. (A) | 37,682 | 818,453 |
| JetBlue Airways Corp. (A) | 17,801 | 362,428 |
| United Airlines Holdings, Inc. (A) | 22,747 | 1,237,437 |
| 68 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Building products – 1.6% | |
| A.O. Smith Corp. | 46,986 | $3,183,302 |
| Advanced Drainage Systems, Inc. | 10,654 | 1,189,626 |
| Allegion PLC | 33,191 | 4,460,207 |
| Builders FirstSource, Inc. (A) | 45,743 | 2,226,312 |
| Fortune Brands Home & Security, Inc. | 60,719 | 6,374,281 |
| Lennox International, Inc. | 9,339 | 3,131,740 |
| Masco Corp. | 74,064 | 4,731,208 |
| Owens Corning | 45,987 | 4,452,001 |
| The AZEK Company, Inc. (A) | 11,800 | 569,704 |
| Trex Company, Inc. (A) | 33,027 | 3,566,586 |
| Commercial services and supplies – 1.1% | |
| ADT, Inc. | 72,003 | 662,428 |
| Copart, Inc. (A) | 51,852 | 6,456,093 |
| IAA, Inc. (A) | 41,301 | 2,594,116 |
| MSA Safety, Inc. | 10,374 | 1,667,724 |
| Republic Services, Inc. | 61,752 | 6,564,238 |
| Rollins, Inc. | 55,539 | 2,070,494 |
| Stericycle, Inc. (A) | 28,320 | 2,160,250 |
| Tetra Tech, Inc. | 14,395 | 1,837,234 |
| Construction and engineering – 0.7% | |
| AECOM (A) | 50,407 | 3,348,537 |
| EMCOR Group, Inc. | 20,760 | 2,487,048 |
| MasTec, Inc. (A) | 16,017 | 1,671,534 |
| Quanta Services, Inc. | 65,229 | 6,303,731 |
| WillScot Mobile Mini Holdings Corp. (A) | 40,302 | 1,179,640 |
| Electrical equipment – 1.5% | |
| AMETEK, Inc. | 57,540 | 7,763,872 |
| Generac Holdings, Inc. (A) | 14,843 | 4,808,390 |
| Hubbell, Inc. | 25,515 | 4,899,135 |
| Plug Power, Inc. (A) | 58,996 | 1,681,976 |
| Rockwell Automation, Inc. | 29,405 | 7,770,565 |
| Sensata Technologies Holding PLC (A) | 80,651 | 4,656,789 |
| Sunrun, Inc. (A) | 43,178 | 2,115,722 |
| Industrial conglomerates – 0.2% | |
| Carlisle Companies, Inc. | 23,375 | 4,479,819 |
| Machinery – 4.2% | |
| AGCO Corp. | 29,725 | 4,337,472 |
| Donaldson Company, Inc. | 52,551 | 3,304,407 |
| Dover Corp. | 44,279 | 6,605,984 |
| Fortive Corp. | 39,202 | 2,776,286 |
| Graco, Inc. | 54,423 | 4,179,686 |
| IDEX Corp. | 17,543 | 3,933,141 |
| Ingersoll Rand, Inc. (A) | 71,532 | 3,534,396 |
| ITT, Inc. | 32,787 | 3,092,142 |
| Lincoln Electric Holdings, Inc. | 22,214 | 2,844,503 |
| Nikola Corp. (A)(B) | 32,286 | 373,549 |
| Nordson Corp. | 18,244 | 3,856,964 |
| Oshkosh Corp. | 30,236 | 3,762,265 |
| Parker-Hannifin Corp. | 32,345 | 10,150,184 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Machinery (continued) | |
| Pentair PLC | 57,883 | $3,734,032 |
| Snap-on, Inc. | 22,005 | 5,228,388 |
| Stanley Black & Decker, Inc. | 36,391 | 7,524,567 |
| The Middleby Corp. (A) | 21,768 | 3,946,974 |
| The Timken Company | 21,401 | 1,794,902 |
| The Toro Company | 36,026 | 4,128,580 |
| Wabtec Corp. | 50,292 | 4,127,464 |
| Woodward, Inc. | 20,099 | 2,512,576 |
| Xylem, Inc. | 39,134 | 4,330,177 |
| Professional services – 1.9% | |
| Booz Allen Hamilton Holding Corp. | 39,435 | 3,271,133 |
| CACI International, Inc., Class A (A) | 8,287 | 2,112,025 |
| CoreLogic, Inc. | 26,747 | 2,131,736 |
| Dun & Bradstreet Holdings, Inc. (A) | 40,412 | 960,189 |
| Equifax, Inc. | 22,666 | 5,195,727 |
| Jacobs Engineering Group, Inc. | 34,824 | 4,652,835 |
| Leidos Holdings, Inc. | 38,915 | 3,941,311 |
| Nielsen Holdings PLC | 154,900 | 3,973,185 |
| Robert Half International, Inc. | 48,540 | 4,252,589 |
| TransUnion | 36,746 | 3,843,264 |
| TriNet Group, Inc. (A) | 14,132 | 1,112,330 |
| Upwork, Inc. (A) | 12,057 | 555,345 |
| Verisk Analytics, Inc. | 30,620 | 5,762,684 |
| Road and rail – 1.2% | |
| AMERCO | 3,888 | 2,319,697 |
| J.B. Hunt Transport Services, Inc. | 24,334 | 4,154,057 |
| Kansas City Southern | 25,506 | 7,453,108 |
| Knight-Swift Transportation Holdings, Inc. | 46,134 | 2,173,834 |
| Landstar System, Inc. | 13,506 | 2,326,814 |
| Lyft, Inc., Class A (A) | 23,510 | 1,308,567 |
| Old Dominion Freight Line, Inc. | 24,645 | 6,353,727 |
| Trading companies and distributors – 1.2% | |
| Fastenal Company | 129,888 | 6,790,545 |
| SiteOne Landscape Supply, Inc. (A) | 13,053 | 2,341,447 |
| United Rentals, Inc. (A) | 26,263 | 8,402,847 |
| W.W. Grainger, Inc. | 13,099 | 5,678,940 |
| Watsco, Inc. | 9,588 | 2,807,942 |
| Information technology – 18.8% | 406,140,756 |
| Communications equipment – 1.2% | |
| Arista Networks, Inc. (A) | 14,965 | 4,716,519 |
| Ciena Corp. (A) | 75,140 | 3,792,316 |
| F5 Networks, Inc. (A) | 26,850 | 5,014,506 |
| Juniper Networks, Inc. | 130,984 | 3,325,684 |
| Lumentum Holdings, Inc. (A) | 31,796 | 2,704,250 |
| Motorola Solutions, Inc. | 31,556 | 5,941,995 |
| Ubiquiti, Inc. | 1,479 | 422,003 |
| Electronic equipment, instruments and components – 3.2% | |
| Arrow Electronics, Inc. (A) | 39,639 | 4,521,621 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 69 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Electronic equipment, instruments andcomponents (continued) | |
| CDW Corp. | 39,826 | $7,102,171 |
| Cognex Corp. | 45,543 | 3,922,163 |
| Coherent, Inc. (A) | 5,734 | 1,490,783 |
| Corning, Inc. | 112,843 | 4,988,789 |
| Dolby Laboratories, Inc., Class A | 28,355 | 2,877,182 |
| Flex, Ltd. (A) | 276,783 | 4,816,024 |
| FLIR Systems, Inc. | 57,336 | 3,438,440 |
| II-VI, Inc. (A) | 45,361 | 3,045,538 |
| IPG Photonics Corp. (A) | 12,693 | 2,755,777 |
| Jabil, Inc. | 85,998 | 4,508,015 |
| Keysight Technologies, Inc. (A) | 50,628 | 7,308,152 |
| Littelfuse, Inc. | 10,215 | 2,709,427 |
| National Instruments Corp. | 55,032 | 2,278,875 |
| Trimble, Inc. (A) | 74,945 | 6,145,490 |
| Zebra Technologies Corp., Class A (A) | 14,559 | 7,101,007 |
| IT services – 3.4% | |
| Affirm Holdings, Inc. (A) | 1,892 | 133,386 |
| Akamai Technologies, Inc. (A) | 55,614 | 6,045,242 |
| Amdocs, Ltd. | 61,556 | 4,723,807 |
| Black Knight, Inc. (A) | 36,900 | 2,672,298 |
| Broadridge Financial Solutions, Inc. | 32,268 | 5,118,673 |
| Concentrix Corp. (A) | 23,695 | 3,681,729 |
| DXC Technology Company (A) | 79,346 | 2,611,277 |
| EPAM Systems, Inc. (A) | 15,523 | 7,105,653 |
| Euronet Worldwide, Inc. (A) | 16,341 | 2,343,790 |
| Fastly, Inc., Class A (A) | 21,504 | 1,373,460 |
| FleetCor Technologies, Inc. (A) | 17,592 | 5,061,570 |
| Gartner, Inc. (A) | 21,803 | 4,270,772 |
| Genpact, Ltd. | 72,672 | 3,454,100 |
| Globant SA (A) | 4,744 | 1,087,230 |
| GoDaddy, Inc., Class A (A) | 40,378 | 3,505,618 |
| Jack Henry & Associates, Inc. | 19,328 | 3,147,178 |
| MongoDB, Inc. (A) | 6,970 | 2,073,296 |
| Okta, Inc. (A) | 11,725 | 3,162,233 |
| Shift4 Payments, Inc., Class A (A) | 4,684 | 463,201 |
| The Western Union Company | 130,063 | 3,350,423 |
| VeriSign, Inc. (A) | 19,370 | 4,237,575 |
| WEX, Inc. (A) | 14,707 | 3,018,023 |
| Semiconductors and semiconductor equipment – 4.0% | |
| Amkor Technology, Inc. | 27,220 | 550,388 |
| Brooks Automation, Inc. | 20,400 | 2,067,132 |
| Cree, Inc. (A) | 39,235 | 3,900,744 |
| Enphase Energy, Inc. (A) | 27,228 | 3,791,499 |
| Entegris, Inc. | 52,481 | 5,908,311 |
| First Solar, Inc. (A) | 38,934 | 2,979,619 |
| Lattice Semiconductor Corp. (A) | 28,396 | 1,428,603 |
| Marvell Technology, Inc. | 203,167 | 9,185,183 |
| Maxim Integrated Products, Inc. | 76,210 | 7,163,740 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Semiconductors and semiconductor equipment (continued) | |
| MKS Instruments, Inc. | 24,522 | $4,392,135 |
| Monolithic Power Systems, Inc. | 11,210 | 4,051,070 |
| ON Semiconductor Corp. (A) | 156,852 | 6,117,228 |
| Qorvo, Inc. (A) | 43,188 | 8,126,686 |
| Silicon Laboratories, Inc. (A) | 14,178 | 1,998,389 |
| Skyworks Solutions, Inc. | 49,583 | 8,990,885 |
| SolarEdge Technologies, Inc. (A) | 14,285 | 3,764,669 |
| SunPower Corp. (A) | 14,639 | 376,076 |
| Teradyne, Inc. | 63,947 | 7,998,491 |
| Universal Display Corp. | 15,449 | 3,455,787 |
| Software – 5.9% | |
| Alteryx, Inc., Class A (A) | 11,649 | 952,306 |
| Anaplan, Inc. (A) | 22,116 | 1,319,219 |
| ANSYS, Inc. (A) | 22,718 | 8,307,064 |
| Appfolio, Inc., Class A (A) | 3,583 | 518,209 |
| Appian Corp. (A)(B) | 6,576 | 796,880 |
| Aspen Technology, Inc. (A) | 25,792 | 3,374,625 |
| Avalara, Inc. (A) | 20,397 | 2,890,459 |
| Bill.com Holdings, Inc. (A) | 15,670 | 2,423,052 |
| Blackline, Inc. (A) | 11,832 | 1,373,222 |
| CDK Global, Inc. | 42,549 | 2,280,201 |
| Ceridian HCM Holding, Inc. (A) | 38,709 | 3,657,226 |
| Citrix Systems, Inc. | 27,779 | 3,440,429 |
| Cloudflare, Inc., Class A (A) | 25,768 | 2,183,580 |
| Coupa Software, Inc. (A) | 9,816 | 2,640,897 |
| Digital Turbine, Inc. (A) | 18,181 | 1,371,393 |
| Dropbox, Inc., Class A (A) | 109,920 | 2,824,944 |
| Duck Creek Technologies, Inc. (A) | 5,735 | 238,461 |
| Dynatrace, Inc. (A) | 23,020 | 1,197,961 |
| Elastic NV (A) | 12,681 | 1,529,582 |
| Everbridge, Inc. (A) | 5,143 | 682,528 |
| Fair Isaac Corp. (A) | 8,897 | 4,638,985 |
| Five9, Inc. (A) | 13,393 | 2,517,482 |
| Fortinet, Inc. (A) | 31,475 | 6,428,139 |
| Guidewire Software, Inc. (A) | 28,638 | 3,021,595 |
| HubSpot, Inc. (A) | 7,921 | 4,170,010 |
| Manhattan Associates, Inc. (A) | 19,929 | 2,735,056 |
| McAfee Corp., Class A | 3,334 | 80,950 |
| Medallia, Inc. (A) | 18,633 | 549,487 |
| MicroStrategy, Inc., Class A (A) | 1,603 | 1,053,427 |
| NCino, Inc. (A) | 8,955 | 585,567 |
| NortonLifeLock, Inc. | 125,071 | 2,702,784 |
| Nuance Communications, Inc. (A) | 103,199 | 5,487,091 |
| Nutanix, Inc., Class A (A) | 32,341 | 874,501 |
| Palo Alto Networks, Inc. (A) | 12,284 | 4,341,043 |
| Paycom Software, Inc. (A) | 11,532 | 4,433,016 |
| Paylocity Holding Corp. (A) | 12,402 | 2,396,562 |
| Pegasystems, Inc. | 8,600 | 1,091,684 |
| Proofpoint, Inc. (A) | 13,444 | 2,313,847 |
| 70 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Software (continued) | |
| PTC, Inc. (A) | 33,448 | $4,379,681 |
| Q2 Holdings, Inc. (A) | 12,311 | 1,280,590 |
| Qualtrics International, Inc., Class A (A) | 8,553 | 319,455 |
| RingCentral, Inc., Class A (A) | 9,763 | 3,113,909 |
| Slack Technologies, Inc., Class A (A) | 56,179 | 2,381,990 |
| Smartsheet, Inc., Class A (A) | 24,171 | 1,433,340 |
| Splunk, Inc. (A) | 16,060 | 2,030,305 |
| SS&C Technologies Holdings, Inc. | 68,918 | 5,115,094 |
| The Trade Desk, Inc., Class A (A) | 6,487 | 4,731,034 |
| Tyler Technologies, Inc. (A) | 10,634 | 4,517,961 |
| Varonis Systems, Inc. (A) | 12,429 | 658,116 |
| Zendesk, Inc. (A) | 18,834 | 2,752,589 |
| Zscaler, Inc. (A) | 10,174 | 1,909,049 |
| Technology hardware, storage and peripherals – 1.1% | |
| Hewlett Packard Enterprise Company | 295,863 | 4,739,725 |
| NetApp, Inc. | 71,502 | 5,340,484 |
| Pure Storage, Inc., Class A (A) | 61,904 | 1,251,699 |
| Seagate Technology PLC | 72,792 | 6,758,009 |
| Western Digital Corp. (A) | 87,645 | 6,190,366 |
| Materials – 6.2% | 134,902,506 |
| Chemicals – 2.4% | |
| Albemarle Corp. | 24,817 | 4,173,475 |
| Axalta Coating Systems, Ltd. (A) | 81,416 | 2,596,356 |
| Celanese Corp. | 31,152 | 4,879,961 |
| CF Industries Holdings, Inc. | 86,443 | 4,203,723 |
| Corteva, Inc. | 101,921 | 4,969,668 |
| Eastman Chemical Company | 42,137 | 4,862,188 |
| FMC Corp. | 39,770 | 4,702,405 |
| Huntsman Corp. | 89,777 | 2,573,907 |
| International Flavors & Fragrances, Inc. | 18,520 | 2,632,988 |
| LyondellBasell Industries NV, Class A | 48,381 | 5,019,045 |
| RPM International, Inc. | 48,467 | 4,596,610 |
| The Mosaic Company | 107,716 | 3,789,449 |
| The Scotts Miracle-Gro Company | 12,481 | 2,885,108 |
| Westlake Chemical Corp. | 13,085 | 1,228,551 |
| Construction materials – 0.5% | |
| Martin Marietta Materials, Inc. | 14,367 | 5,073,275 |
| Vulcan Materials Company | 30,542 | 5,443,806 |
| Containers and packaging – 2.4% | |
| Amcor PLC | 355,258 | 4,174,282 |
| AptarGroup, Inc. | 25,434 | 3,835,702 |
| Ardagh Group SA | 3,325 | 89,310 |
| Avery Dennison Corp. | 24,111 | 5,163,853 |
| Ball Corp. | 73,746 | 6,905,575 |
| Berry Global Group, Inc. (A) | 64,461 | 4,101,009 |
| Crown Holdings, Inc. | 44,784 | 4,917,283 |
| International Paper Company | 104,561 | 6,064,538 |
| Packaging Corp. of America | 38,725 | 5,717,746 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Materials (continued) | |
| Containers and packaging (continued) | |
| Sealed Air Corp. | 57,331 | $2,832,151 |
| Sonoco Products Company | 52,178 | 3,415,572 |
| Westrock Company | 96,047 | 5,354,620 |
| Metals and mining – 0.9% | |
| Cleveland-Cliffs, Inc. (A)(B) | 50,997 | 910,806 |
| Nucor Corp. | 77,023 | 6,335,912 |
| Reliance Steel & Aluminum Company | 29,140 | 4,671,433 |
| Royal Gold, Inc. | 16,784 | 1,877,458 |
| Steel Dynamics, Inc. | 90,460 | 4,904,741 |
| Real estate – 5.2% | 112,827,988 |
| Equity real estate investment trusts – 4.7% | |
| Alexandria Real Estate Equities, Inc. | 17,644 | 3,195,328 |
| American Campus Communities, Inc. | 32,516 | 1,470,048 |
| American Homes 4 Rent, Class A | 63,859 | 2,365,337 |
| Americold Realty Trust | 45,201 | 1,825,668 |
| Apartment Income REIT Corp. | 33,751 | 1,523,858 |
| Boston Properties, Inc. | 4,655 | 509,024 |
| Brixmor Property Group, Inc. | 48,864 | 1,091,622 |
| Camden Property Trust | 22,705 | 2,735,498 |
| CoreSite Realty Corp. | 9,601 | 1,166,425 |
| CubeSmart | 46,758 | 1,979,734 |
| CyrusOne, Inc. | 27,138 | 1,976,461 |
| Douglas Emmett, Inc. | 39,372 | 1,320,537 |
| Duke Realty Corp. | 76,454 | 3,556,640 |
| EastGroup Properties, Inc. | 8,501 | 1,348,769 |
| Equity LifeStyle Properties, Inc. | 35,180 | 2,441,492 |
| Essex Property Trust, Inc. | 9,496 | 2,758,778 |
| Extra Space Storage, Inc. | 24,301 | 3,613,316 |
| Federal Realty Investment Trust | 17,986 | 2,029,540 |
| First Industrial Realty Trust, Inc. | 27,948 | 1,390,972 |
| Gaming and Leisure Properties, Inc. | 51,485 | 2,393,538 |
| Healthcare Trust of America, Inc., Class A | 50,983 | 1,497,371 |
| Healthpeak Properties, Inc. | 74,213 | 2,548,474 |
| Host Hotels & Resorts, Inc. (A) | 147,626 | 2,680,888 |
| Invitation Homes, Inc. | 79,161 | 2,775,385 |
| Iron Mountain, Inc. | 67,713 | 2,716,646 |
| Kilroy Realty Corp. | 26,376 | 1,807,811 |
| Kimco Realty Corp. | 99,321 | 2,085,741 |
| Lamar Advertising Company, Class A | 24,579 | 2,434,304 |
| Life Storage, Inc. | 17,260 | 1,657,996 |
| Medical Properties Trust, Inc. | 129,400 | 2,853,270 |
| MGM Growth Properties LLC, Class A | 31,045 | 1,118,241 |
| Mid-America Apartment Communities, Inc. | 17,718 | 2,787,573 |
| National Retail Properties, Inc. | 41,046 | 1,905,355 |
| Omega Healthcare Investors, Inc. | 54,307 | 2,063,666 |
| Realty Income Corp. | 50,861 | 3,517,038 |
| Regency Centers Corp. | 37,650 | 2,396,799 |
| Rexford Industrial Realty, Inc. | 26,818 | 1,489,740 |
| STORE Capital Corp. | 55,038 | 1,969,810 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 71 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Real estate (continued) | |
| Equity real estate investment trusts (continued) | |
| Sun Communities, Inc. | 17,095 | $2,851,959 |
| UDR, Inc. | 55,211 | 2,564,551 |
| Ventas, Inc. | 36,964 | 2,050,023 |
| VEREIT, Inc. | 52,479 | 2,510,595 |
| VICI Properties, Inc. | 75,593 | 2,396,298 |
| Vornado Realty Trust | 23,695 | 1,084,046 |
| Weyerhaeuser Company | 126,345 | 4,898,396 |
| WP Carey, Inc. | 24,625 | 1,844,166 |
| Real estate management and development – 0.5% | |
| CBRE Group, Inc., Class A (A) | 75,890 | 6,465,828 |
| eXp World Holdings, Inc. (A)(B) | 13,702 | 470,801 |
| Jones Lang LaSalle, Inc. (A) | 18,766 | 3,526,319 |
| Redfin Corp. (A) | 16,478 | 1,166,313 |
| Utilities – 4.4% | 94,016,159 |
| Electric utilities – 1.9% | |
| Alliant Energy Corp. | 55,907 | 3,140,296 |
| Avangrid, Inc. | 11,163 | 568,197 |
| Edison International | 57,105 | 3,394,892 |
| Entergy Corp. | 49,172 | 5,374,008 |
| Evergy, Inc. | 76,485 | 4,892,745 |
| Eversource Energy | 61,390 | 5,293,046 |
| FirstEnergy Corp. | 123,123 | 4,668,824 |
| NRG Energy, Inc. | 76,382 | 2,736,003 |
| OGE Energy Corp. | 79,351 | 2,663,020 |
| Pinnacle West Capital Corp. | 39,838 | 3,372,287 |
| PPL Corp. | 129,451 | 3,770,908 |
| Gas utilities – 0.3% | |
| Atmos Energy Corp. | 27,597 | 2,858,773 |
| UGI Corp. | 72,998 | 3,190,743 |
| Independent power and renewable electricity producers –0.4% | |
| Brookfield Renewable Corp., Class A | 28,286 | 1,173,303 |
| Clearway Energy, Inc., Class A | 5,251 | 139,572 |
| Clearway Energy, Inc., Class C | 13,954 | 400,340 |
| The AES Corp. | 191,600 | 5,330,312 |
| Vistra Corp. | 101,199 | 1,707,227 |
| Multi-utilities – 1.4% | |
| Ameren Corp. | 64,082 | 5,436,717 |
| CenterPoint Energy, Inc. | 195,508 | 4,787,991 |
| CMS Energy Corp. | 71,644 | 4,613,157 |
| DTE Energy Company | 40,298 | 5,642,526 |
| MDU Resources Group, Inc. | 84,081 | 2,813,350 |
| NiSource, Inc. | 101,895 | 2,651,308 |
| WEC Energy Group, Inc. | 52,113 | 5,063,820 |
| Water utilities – 0.4% | |
| American Water Works Company, Inc. | 38,109 | 5,944,623 |
| Essential Utilities, Inc. | 50,672 | 2,388,171 |
MULTIFACTOR MID CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
|
| SHORT-TERM INVESTMENTS – 0.2% | | $5,087,637 |
| (Cost $5,087,693) | | |
| Short-term funds – 0.2% | 5,087,637 |
| John Hancock Collateral Trust, 0.0360% (C)(D) | 352,020 | $3,521,824 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 1,565,813 | 1,565,813 |
| Total investments (Multifactor Mid Cap ETF) (Cost $1,621,638,356) 100.2% | $2,167,144,747 |
| Other assets and liabilities, net (0.2%) | | (3,691,745) |
| Total net assets 100.0% | | $2,163,453,002 |
| 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 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (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 SMALL CAP ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 100.0% | | $426,108,578 |
| (Cost $336,561,702) | | |
| Communication services – 1.8% | 7,470,169 |
| Diversified telecommunication services – 0.6% | |
| Bandwidth, Inc., Class A (A) | 8,535 | 1,128,327 |
| Iridium Communications, Inc. (A) | 32,975 | 1,252,720 |
| Entertainment – 0.4% | |
| Madison Square Garden Sports Corp. (A) | 5,687 | 1,051,185 |
| World Wrestling Entertainment, Inc., Class A | 13,436 | 740,458 |
| Interactive media and services – 0.3% | |
| TripAdvisor, Inc. (A) | 25,437 | 1,198,846 |
| Media – 0.5% | |
| Nexstar Media Group, Inc., Class A | 10,919 | 1,609,570 |
| TEGNA, Inc. | 24,380 | 489,063 |
| Consumer discretionary – 15.8% | 67,489,376 |
| Auto components – 1.0% | |
| Adient PLC (A) | 10,106 | 468,312 |
| Dana, Inc. | 16,270 | 411,631 |
| Fox Factory Holding Corp. (A) | 12,310 | 1,886,261 |
| LCI Industries | 2,957 | 433,201 |
| The Goodyear Tire & Rubber Company (A) | 24,797 | 426,756 |
| Visteon Corp. (A) | 3,340 | 406,845 |
| Automobiles – 0.9% | |
| Harley-Davidson, Inc. | 42,456 | 2,053,597 |
| Thor Industries, Inc. | 12,814 | 1,814,334 |
| 72 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Diversified consumer services – 0.9% | |
| frontdoor, Inc. (A) | 22,905 | $1,226,105 |
| Grand Canyon Education, Inc. (A) | 13,392 | 1,450,220 |
| H&R Block, Inc. | 21,028 | 468,083 |
| Terminix Global Holdings, Inc. (A) | 14,668 | 746,455 |
| Hotels, restaurants and leisure – 3.5% | |
| Boyd Gaming Corp. (A) | 21,784 | 1,441,012 |
| Choice Hotels International, Inc. (A) | 8,281 | 942,378 |
| Cracker Barrel Old Country Store, Inc. | 6,153 | 1,030,443 |
| International Game Technology PLC (A) | 12,367 | 212,960 |
| Marriott Vacations Worldwide Corp. (A) | 9,519 | 1,690,860 |
| Planet Fitness, Inc., Class A (A) | 485 | 40,735 |
| Red Rock Resorts, Inc., Class A (A) | 7,344 | 269,011 |
| Scientific Games Corp. (A) | 9,507 | 556,350 |
| SeaWorld Entertainment, Inc. (A) | 5,820 | 318,703 |
| Shake Shack, Inc., Class A (A) | 4,484 | 487,635 |
| Six Flags Entertainment Corp. (A) | 8,684 | 407,974 |
| Texas Roadhouse, Inc. (A) | 17,155 | 1,835,928 |
| The Wendy's Company | 58,662 | 1,324,001 |
| Travel + Leisure Company | 9,738 | 628,393 |
| Wingstop, Inc. | 10,509 | 1,664,731 |
| Wyndham Hotels & Resorts, Inc. | 25,708 | 1,879,512 |
| Household durables – 2.6% | |
| Helen of Troy, Ltd. (A) | 6,232 | 1,316,261 |
| iRobot Corp. (A) | 3,286 | 357,517 |
| KB Home | 23,826 | 1,149,128 |
| Leggett & Platt, Inc. | 33,113 | 1,644,723 |
| MDC Holdings, Inc. | 6,455 | 378,650 |
| Sonos, Inc. (A) | 14,142 | 566,104 |
| Taylor Morrison Home Corp. (A) | 34,977 | 1,091,632 |
| Tempur Sealy International, Inc. | 48,416 | 1,846,586 |
| Toll Brothers, Inc. | 13,216 | 828,643 |
| TopBuild Corp. (A) | 8,888 | 1,976,513 |
| Internet and direct marketing retail – 0.9% | |
| GrubHub, Inc. (A) | 11,454 | 779,330 |
| Magnite, Inc. (A) | 15,675 | 627,784 |
| Qurate Retail, Inc., Series A | 119,587 | 1,423,085 |
| Stamps.com, Inc. (A) | 5,842 | 1,199,772 |
| Leisure products – 1.4% | |
| Brunswick Corp. | 19,858 | 2,127,388 |
| Mattel, Inc. (A) | 91,283 | 1,958,933 |
| YETI Holdings, Inc. (A) | 24,091 | 2,057,853 |
| Multiline retail – 0.4% | |
| Macy's, Inc. (A) | 36,252 | 601,058 |
| Nordstrom, Inc. (A) | 13,215 | 484,726 |
| Ollie's Bargain Outlet Holdings, Inc. (A) | 6,433 | 593,573 |
| Specialty retail – 2.4% | |
| American Eagle Outfitters, Inc. | 15,697 | 542,645 |
| AutoNation, Inc. (A) | 17,869 | 1,831,215 |
| Dick's Sporting Goods, Inc. | 17,067 | 1,409,393 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Consumer discretionary (continued) | |
| Specialty retail (continued) | |
| Foot Locker, Inc. | 27,887 | $1,644,775 |
| Leslie's, Inc. (A) | 5,761 | 163,728 |
| Murphy USA, Inc. | 8,124 | 1,132,486 |
| National Vision Holdings, Inc. (A) | 22,419 | 1,130,142 |
| Penske Automotive Group, Inc. | 8,969 | 786,492 |
| Rent-A-Center, Inc. | 7,437 | 427,999 |
| Sleep Number Corp. (A) | 2,955 | 330,635 |
| Vroom, Inc. (A) | 15,953 | 738,145 |
| Textiles, apparel and luxury goods – 1.8% | |
| Carter's, Inc. | 11,558 | 1,257,395 |
| Crocs, Inc. (A) | 7,449 | 745,794 |
| Hanesbrands, Inc. | 88,450 | 1,862,757 |
| PVH Corp. (A) | 18,224 | 2,062,592 |
| Skechers U.S.A., Inc., Class A (A) | 39,008 | 1,891,498 |
| Consumer staples – 3.1% | 13,069,294 |
| Beverages – 0.1% | |
| Celsius Holdings, Inc. (A) | 3,624 | 207,655 |
| National Beverage Corp. | 6,512 | 316,418 |
| Food and staples retailing – 0.9% | |
| BJ's Wholesale Club Holdings, Inc. (A) | 16,500 | 737,055 |
| Grocery Outlet Holding Corp. (A) | 25,888 | 1,045,616 |
| Performance Food Group Company (A) | 34,351 | 2,016,404 |
| Food products – 1.8% | |
| Flowers Foods, Inc. | 42,305 | 1,013,628 |
| Freshpet, Inc. (A) | 12,897 | 2,383,624 |
| Ingredion, Inc. | 7,589 | 708,888 |
| Lancaster Colony Corp. | 5,568 | 1,028,465 |
| Pilgrim's Pride Corp. (A) | 4,904 | 117,500 |
| Post Holdings, Inc. (A) | 6,517 | 741,504 |
| Sanderson Farms, Inc. | 2,218 | 364,928 |
| Seaboard Corp. | 75 | 268,349 |
| The Hain Celestial Group, Inc. (A) | 22,527 | 923,832 |
| Household products – 0.1% | |
| WD-40 Company | 1,516 | 377,090 |
| Personal products – 0.2% | |
| Coty, Inc., Class A (A) | 32,571 | 326,036 |
| Herbalife Nutrition, Ltd. (A) | 10,756 | 492,302 |
| Energy – 1.6% | 6,927,043 |
| Energy equipment and services – 0.3% | |
| ChampionX Corp. (A) | 20,950 | 440,160 |
| NOV, Inc. (A) | 39,206 | 586,130 |
| TechnipFMC PLC (A) | 43,345 | 320,753 |
| Oil, gas and consumable fuels – 1.3% | |
| Antero Midstream Corp. | 93,844 | 810,812 |
| Cimarex Energy Company | 10,042 | 664,780 |
| EQT Corp. (A) | 80,745 | 1,542,230 |
| Equitrans Midstream Corp. | 124,834 | 1,018,645 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 73 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Energy (continued) | |
| Oil, gas and consumable fuels (continued) | |
| HollyFrontier Corp. | 16,303 | $570,605 |
| Ovintiv, Inc. | 24,970 | 597,532 |
| PDC Energy, Inc. (A) | 10,282 | 375,396 |
| Financials – 16.3% | 69,230,321 |
| Banks – 6.3% | |
| Bank of Hawaii Corp. | 4,344 | 394,826 |
| Bank OZK | 31,192 | 1,278,560 |
| BankUnited, Inc. | 9,772 | 455,473 |
| BOK Financial Corp. | 8,223 | 723,131 |
| CIT Group, Inc. | 10,720 | 571,269 |
| Community Bank System, Inc. | 13,979 | 1,085,190 |
| Cullen/Frost Bankers, Inc. | 15,160 | 1,820,110 |
| First Citizens BancShares, Inc., Class A | 1,278 | 1,108,614 |
| First Financial Bankshares, Inc. | 36,222 | 1,777,776 |
| First Hawaiian, Inc. | 14,357 | 394,243 |
| FNB Corp. | 34,693 | 447,193 |
| Glacier Bancorp, Inc. | 24,076 | 1,419,280 |
| Home BancShares, Inc. | 16,145 | 449,315 |
| Pacific Premier Bancorp, Inc. | 10,324 | 454,566 |
| PacWest Bancorp | 12,419 | 539,109 |
| Pinnacle Financial Partners, Inc. | 19,388 | 1,699,164 |
| Popular, Inc. | 22,371 | 1,654,559 |
| Prosperity Bancshares, Inc. | 1,595 | 117,009 |
| South State Corp. | 18,744 | 1,580,494 |
| Sterling Bancorp | 21,176 | 532,153 |
| Synovus Financial Corp. | 35,685 | 1,672,199 |
| TCF Financial Corp. | 38,342 | 1,745,328 |
| Texas Capital Bancshares, Inc. (A) | 5,239 | 359,553 |
| UMB Financial Corp. | 4,764 | 462,251 |
| Umpqua Holdings Corp. | 23,849 | 444,545 |
| United Bankshares, Inc. | 34,371 | 1,349,749 |
| Valley National Bancorp | 101,984 | 1,404,320 |
| Webster Financial Corp. | 9,673 | 511,798 |
| Wintrust Financial Corp. | 6,025 | 464,528 |
| Capital markets – 3.0% | |
| Affiliated Managers Group, Inc. | 11,581 | 1,866,510 |
| Artisan Partners Asset Management, Inc., Class A | 19,386 | 987,135 |
| Cohen & Steers, Inc. | 6,563 | 446,415 |
| Evercore, Inc., Class A | 4,055 | 568,227 |
| Hamilton Lane, Inc., Class A | 8,624 | 780,041 |
| Houlihan Lokey, Inc. | 14,274 | 945,938 |
| Interactive Brokers Group, Inc., Class A | 20,392 | 1,458,436 |
| Janus Henderson Group PLC | 42,345 | 1,456,245 |
| Lazard, Ltd., Class A | 30,068 | 1,352,759 |
| Moelis & Company, Class A | 6,473 | 351,354 |
| Stifel Financial Corp. | 26,041 | 1,801,777 |
| Virtu Financial, Inc., Class A | 22,789 | 675,238 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Financials (continued) | |
| Consumer finance – 1.2% | |
| Credit Acceptance Corp. (A)(B) | 1,006 | $397,159 |
| LendingTree, Inc. (A)(B) | 2,616 | 540,178 |
| OneMain Holdings, Inc. | 17,978 | 1,022,409 |
| PROG Holdings, Inc. (A) | 20,092 | 1,023,486 |
| SLM Corp. | 100,011 | 1,966,216 |
| Diversified financial services – 0.6% | |
| Cannae Holdings, Inc. (A) | 25,059 | 994,842 |
| Jefferies Financial Group, Inc. | 50,278 | 1,634,538 |
| Insurance – 3.5% | |
| Axis Capital Holdings, Ltd. | 22,091 | 1,232,678 |
| Brighthouse Financial, Inc. (A) | 9,554 | 447,032 |
| Enstar Group, Ltd. (A) | 2,941 | 738,720 |
| First American Financial Corp. | 12,939 | 834,566 |
| Kemper Corp. | 14,799 | 1,155,210 |
| Kinsale Capital Group, Inc. | 6,804 | 1,183,964 |
| Old Republic International Corp. | 76,188 | 1,875,749 |
| Primerica, Inc. | 10,813 | 1,727,593 |
| RLI Corp. | 11,276 | 1,256,823 |
| Selective Insurance Group, Inc. | 15,589 | 1,186,946 |
| The Hanover Insurance Group, Inc. | 9,896 | 1,368,716 |
| Unum Group | 47,499 | 1,342,322 |
| White Mountains Insurance Group, Ltd. | 355 | 413,728 |
| Mortgage real estate investment trusts – 0.3% | |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 24,674 | 1,292,918 |
| Thrifts and mortgage finance – 1.4% | |
| Essent Group, Ltd. | 29,388 | 1,545,221 |
| MGIC Investment Corp. | 90,743 | 1,382,923 |
| New York Community Bancorp, Inc. | 128,362 | 1,535,210 |
| Radian Group, Inc. | 49,692 | 1,224,411 |
| TFS Financial Corp. | 15,357 | 300,383 |
| Health care – 11.4% | 48,666,029 |
| Biotechnology – 4.1% | |
| Allakos, Inc. (A) | 8,785 | 958,619 |
| Allogene Therapeutics, Inc. (A) | 21,053 | 650,959 |
| Arena Pharmaceuticals, Inc. (A) | 19,473 | 1,336,432 |
| Beam Therapeutics, Inc. (A) | 5,038 | 413,116 |
| Biohaven Pharmaceutical Holding Company, Ltd. (A) | 16,031 | 1,203,928 |
| Blueprint Medicines Corp. (A) | 16,694 | 1,607,966 |
| Emergent BioSolutions, Inc. (A) | 5,882 | 358,684 |
| Exelixis, Inc. (A) | 34,458 | 848,356 |
| Halozyme Therapeutics, Inc. (A) | 41,379 | 2,066,881 |
| Iovance Biotherapeutics, Inc. (A) | 44,457 | 1,397,728 |
| Kodiak Sciences, Inc. (A) | 3,675 | 444,087 |
| PTC Therapeutics, Inc. (A) | 18,016 | 742,439 |
| Relay Therapeutics, Inc. (A) | 6,007 | 190,482 |
| Sage Therapeutics, Inc. (A) | 6,552 | 516,036 |
| TG Therapeutics, Inc. (A) | 14,385 | 643,153 |
| 74 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Health care (continued) | |
| Biotechnology (continued) | |
| Turning Point Therapeutics, Inc. (A) | 4,344 | $331,143 |
| Twist Bioscience Corp. (A) | 5,529 | 741,937 |
| United Therapeutics Corp. (A) | 11,944 | 2,407,433 |
| Veracyte, Inc. (A) | 9,620 | 478,595 |
| Health care equipment and supplies – 2.9% | |
| CONMED Corp. | 3,404 | 479,794 |
| Envista Holdings Corp. (A) | 43,589 | 1,886,532 |
| Globus Medical, Inc., Class A (A) | 9,141 | 656,050 |
| Haemonetics Corp. (A) | 14,662 | 986,166 |
| ICU Medical, Inc. (A) | 6,029 | 1,255,660 |
| Inari Medical, Inc. (A) | 3,047 | 348,242 |
| Integra LifeSciences Holdings Corp. (A) | 21,583 | 1,598,869 |
| LivaNova PLC (A) | 5,266 | 446,925 |
| Neogen Corp. (A) | 15,588 | 1,496,604 |
| Nevro Corp. (A) | 10,107 | 1,746,591 |
| STAAR Surgical Company (A) | 6,617 | 906,595 |
| Tandem Diabetes Care, Inc. (A) | 7,955 | 731,065 |
| Health care providers and services – 2.1% | |
| 1Life Healthcare, Inc. (A) | 11,884 | 517,073 |
| Acadia Healthcare Company, Inc. (A) | 10,189 | 620,714 |
| AMN Healthcare Services, Inc. (A) | 5,429 | 430,520 |
| Covetrus, Inc. (A) | 12,699 | 363,826 |
| HealthEquity, Inc. (A) | 21,072 | 1,600,840 |
| LHC Group, Inc. (A) | 3,675 | 765,392 |
| Option Care Health, Inc. (A) | 7,945 | 151,591 |
| Premier, Inc., Class A | 36,261 | 1,281,826 |
| Select Medical Holdings Corp. (A) | 11,388 | 429,555 |
| Tenet Healthcare Corp. (A) | 26,250 | 1,555,575 |
| The Ensign Group, Inc. | 16,114 | 1,383,387 |
| Health care technology – 1.0% | |
| American Well Corp. (A) | 8,356 | 128,599 |
| Change Healthcare, Inc. (A) | 67,588 | 1,551,145 |
| Inovalon Holdings, Inc., Class A (A) | 19,004 | 574,111 |
| Inspire Medical Systems, Inc. (A) | 3,366 | 797,136 |
| Omnicell, Inc. (A) | 5,016 | 727,420 |
| Schrodinger, Inc. (A) | 7,816 | 595,892 |
| Life sciences tools and services – 1.0% | |
| Berkeley Lights, Inc. (A) | 4,773 | 234,402 |
| Medpace Holdings, Inc. (A) | 8,223 | 1,395,279 |
| NeoGenomics, Inc. (A) | 37,589 | 1,841,485 |
| Pacific Biosciences of California, Inc. (A) | 22,829 | 681,446 |
| Pharmaceuticals – 0.3% | |
| Atea Pharmaceuticals, Inc. (A) | 1,875 | 46,331 |
| Nektar Therapeutics (A) | 56,880 | 1,115,417 |
| Industrials – 17.7% | 75,482,064 |
| Aerospace and defense – 1.3% | |
| Aerojet Rocketdyne Holdings, Inc. | 20,265 | 946,781 |
| BWX Technologies, Inc. | 11,946 | 799,426 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Aerospace and defense (continued) | |
| Curtiss-Wright Corp. | 11,487 | $1,469,187 |
| Hexcel Corp. (A) | 9,236 | 521,003 |
| Mercury Systems, Inc. (A) | 16,364 | 1,231,227 |
| Parsons Corp. (A) | 5,907 | 261,857 |
| Spirit AeroSystems Holdings, Inc., Class A | 11,007 | 502,910 |
| Airlines – 0.3% | |
| Allegiant Travel Company (A) | 481 | 113,386 |
| Copa Holdings SA, Class A (A) | 3,714 | 321,261 |
| JetBlue Airways Corp. (A) | 24,928 | 507,534 |
| Spirit Airlines, Inc. (A) | 2,878 | 103,090 |
| Building products – 1.4% | |
| AAON, Inc. | 12,139 | 794,012 |
| Armstrong World Industries, Inc. | 13,615 | 1,411,195 |
| Resideo Technologies, Inc. (A) | 13,488 | 404,775 |
| Simpson Manufacturing Company, Inc. | 12,005 | 1,352,964 |
| The AZEK Company, Inc. (A) | 11,480 | 554,254 |
| UFP Industries, Inc. | 16,605 | 1,395,484 |
| Commercial services and supplies – 1.2% | |
| ADT, Inc. | 16,482 | 151,634 |
| Clean Harbors, Inc. (A) | 14,863 | 1,322,212 |
| MSA Safety, Inc. | 10,294 | 1,654,863 |
| Stericycle, Inc. (A) | 10,353 | 789,727 |
| The Brink's Company | 5,407 | 432,127 |
| UniFirst Corp. | 4,054 | 908,866 |
| Construction and engineering – 1.4% | |
| API Group Corp. (A)(C) | 13,835 | 294,132 |
| EMCOR Group, Inc. | 14,510 | 1,738,298 |
| MasTec, Inc. (A) | 15,063 | 1,571,975 |
| Valmont Industries, Inc. | 2,433 | 600,586 |
| WillScot Mobile Mini Holdings Corp. (A) | 53,408 | 1,563,252 |
| Electrical equipment – 2.0% | |
| Acuity Brands, Inc. | 10,589 | 1,964,471 |
| Array Technologies, Inc. (A) | 10,475 | 294,976 |
| Bloom Energy Corp. (A) | 16,867 | 438,036 |
| EnerSys | 12,121 | 1,110,041 |
| FuelCell Energy, Inc. (A) | 46,822 | 454,642 |
| nVent Electric PLC | 45,881 | 1,397,076 |
| Regal Beloit Corp. | 11,349 | 1,639,136 |
| Shoals Technologies Group, Inc., Class A (A) | 10,327 | 331,187 |
| Vicor Corp. (A) | 7,313 | 674,478 |
| Machinery – 4.5% | |
| Allison Transmission Holdings, Inc. | 32,010 | 1,327,455 |
| Altra Industrial Motion Corp. | 6,974 | 411,536 |
| Chart Industries, Inc. (A) | 4,051 | 650,712 |
| Colfax Corp. (A) | 25,886 | 1,169,788 |
| Crane Company | 13,217 | 1,243,191 |
| Flowserve Corp. | 35,833 | 1,420,420 |
| Franklin Electric Company, Inc. | 4,320 | 351,086 |
| Gates Industrial Corp. PLC (A) | 12,397 | 213,848 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 75 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Industrials (continued) | |
| Machinery (continued) | |
| Hillenbrand, Inc. | 7,240 | $355,412 |
| ITT, Inc. | 22,100 | 2,084,251 |
| John Bean Technologies Corp. | 8,966 | 1,303,477 |
| Oshkosh Corp. | 16,127 | 2,006,683 |
| Proto Labs, Inc. (A) | 8,776 | 983,439 |
| RBC Bearings, Inc. (A) | 7,061 | 1,408,175 |
| Rexnord Corp. | 30,440 | 1,519,869 |
| The Timken Company | 17,836 | 1,495,905 |
| Trinity Industries, Inc. | 10,291 | 284,443 |
| Watts Water Technologies, Inc., Class A | 7,377 | 918,805 |
| Marine – 0.0% | |
| Kirby Corp. (A) | 1,629 | 103,767 |
| Professional services – 3.0% | |
| ASGN, Inc. (A) | 13,998 | 1,472,310 |
| CoreLogic, Inc. | 21,546 | 1,717,216 |
| Exponent, Inc. | 14,944 | 1,439,556 |
| FTI Consulting, Inc. (A) | 9,415 | 1,307,273 |
| KBR, Inc. | 39,445 | 1,560,444 |
| ManpowerGroup, Inc. | 15,312 | 1,851,068 |
| ManTech International Corp., Class A | 7,344 | 626,810 |
| Science Applications International Corp. | 15,919 | 1,423,477 |
| TriNet Group, Inc. (A) | 11,669 | 918,467 |
| Upwork, Inc. (A) | 13,594 | 626,140 |
| Road and rail – 1.1% | |
| Avis Budget Group, Inc. (A) | 5,351 | 479,503 |
| Landstar System, Inc. | 10,476 | 1,804,805 |
| Ryder System, Inc. | 5,664 | 452,214 |
| Saia, Inc. (A) | 7,391 | 1,733,190 |
| Schneider National, Inc., Class B | 16,921 | 409,996 |
| Trading companies and distributors – 1.5% | |
| Air Lease Corp. | 28,175 | 1,316,054 |
| MSC Industrial Direct Company, Inc., Class A | 10,757 | 969,851 |
| SiteOne Landscape Supply, Inc. (A) | 11,690 | 2,096,952 |
| Triton International, Ltd. | 7,830 | 392,831 |
| Univar Solutions, Inc. (A) | 47,910 | 1,118,699 |
| WESCO International, Inc. (A) | 5,352 | 490,885 |
| Information technology – 14.4% | 61,515,173 |
| Communications equipment – 0.5% | |
| Lumentum Holdings, Inc. (A) | 9,300 | 790,965 |
| ViaSat, Inc. (A) | 7,770 | 402,408 |
| Viavi Solutions, Inc. (A) | 70,717 | 1,156,930 |
| Electronic equipment, instruments and components – 2.8% | |
| Avnet, Inc. | 11,509 | 505,475 |
| Coherent, Inc. (A) | 2,924 | 760,211 |
| FLIR Systems, Inc. | 34,440 | 2,065,367 |
| Itron, Inc. (A) | 4,772 | 429,194 |
| Jabil, Inc. | 34,967 | 1,832,970 |
| Littelfuse, Inc. | 6,739 | 1,787,452 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Electronic equipment, instruments andcomponents (continued) | |
| National Instruments Corp. | 36,229 | $1,500,243 |
| Novanta, Inc. (A) | 10,277 | 1,353,584 |
| SYNNEX Corp. | 4,743 | 574,852 |
| Vishay Intertechnology, Inc. | 15,528 | 381,523 |
| Vontier Corp. (A) | 19,627 | 615,110 |
| IT services – 1.5% | |
| Alliance Data Systems Corp. | 5,216 | 614,706 |
| Concentrix Corp. (A) | 6,174 | 959,316 |
| DXC Technology Company (A) | 27,552 | 906,736 |
| LiveRamp Holdings, Inc. (A) | 24,353 | 1,192,810 |
| MAXIMUS, Inc. | 17,032 | 1,560,812 |
| Rackspace Technology, Inc. (A) | 4,063 | 101,047 |
| Shift4 Payments, Inc., Class A (A) | 4,341 | 429,281 |
| Switch, Inc., Class A | 25,010 | 464,436 |
| TTEC Holdings, Inc. | 2,297 | 233,674 |
| Semiconductors and semiconductor equipment – 3.8% | |
| Advanced Energy Industries, Inc. | 4,618 | 509,412 |
| Allegro MicroSystems, Inc. (A) | 3,231 | 79,741 |
| Ambarella, Inc. (A) | 3,857 | 376,019 |
| Amkor Technology, Inc. | 24,043 | 486,149 |
| Brooks Automation, Inc. | 21,772 | 2,206,157 |
| Cirrus Logic, Inc. (A) | 17,796 | 1,324,200 |
| CMC Materials, Inc. | 8,182 | 1,500,824 |
| Diodes, Inc. (A) | 5,008 | 384,664 |
| FormFactor, Inc. (A) | 9,764 | 382,261 |
| Lattice Semiconductor Corp. (A) | 42,627 | 2,144,564 |
| MACOM Technology Solutions Holdings, Inc. (A) | 5,678 | 321,432 |
| Power Integrations, Inc. | 17,706 | 1,466,234 |
| Semtech Corp. (A) | 19,624 | 1,329,330 |
| Silicon Laboratories, Inc. (A) | 12,539 | 1,767,372 |
| SunPower Corp. (A) | 10,595 | 272,186 |
| Synaptics, Inc. (A) | 10,440 | 1,460,243 |
| Software – 5.0% | |
| ACI Worldwide, Inc. (A) | 32,173 | 1,215,496 |
| Alarm.com Holdings, Inc. (A) | 14,372 | 1,290,031 |
| Altair Engineering, Inc., Class A (A) | 12,618 | 820,170 |
| Appfolio, Inc., Class A (A) | 2,162 | 312,690 |
| Blackbaud, Inc. (A) | 13,970 | 993,546 |
| Blackline, Inc. (A) | 15,594 | 1,809,840 |
| CDK Global, Inc. | 13,925 | 746,241 |
| Cerence, Inc. (A) | 5,254 | 506,538 |
| Cloudera, Inc. (A) | 77,614 | 984,922 |
| Datto Holding Corp. (A) | 2,717 | 69,419 |
| Duck Creek Technologies, Inc. (A) | 2,936 | 122,079 |
| Envestnet, Inc. (A) | 13,364 | 986,664 |
| Everbridge, Inc. (A) | 5,321 | 706,150 |
| FireEye, Inc. (A) | 65,606 | 1,303,919 |
| j2 Global, Inc. (A) | 12,558 | 1,519,518 |
| 76 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Software (continued) | |
| Jamf Holding Corp. (A) | 5,260 | $192,095 |
| Medallia, Inc. (A) | 12,648 | 372,990 |
| NCino, Inc. (A) | 6,383 | 417,384 |
| New Relic, Inc. (A) | 6,920 | 444,956 |
| Nutanix, Inc., Class A (A) | 25,227 | 682,138 |
| Q2 Holdings, Inc. (A) | 13,777 | 1,433,084 |
| Qualys, Inc. (A) | 9,722 | 985,422 |
| SPS Commerce, Inc. (A) | 3,978 | 407,506 |
| Teradata Corp. (A) | 11,933 | 590,326 |
| Varonis Systems, Inc. (A) | 31,622 | 1,674,385 |
| Verint Systems, Inc. (A) | 17,236 | 837,153 |
| Vertex, Inc., Class A (A) | 2,745 | 56,080 |
| Technology hardware, storage and peripherals – 0.8% | |
| NCR Corp. (A) | 14,921 | 682,636 |
| Pure Storage, Inc., Class A (A) | 76,939 | 1,555,702 |
| Xerox Holdings Corp. | 48,310 | 1,166,203 |
| Materials – 5.5% | 23,601,891 |
| Chemicals – 2.8% | |
| Ashland Global Holdings, Inc. | 16,234 | 1,399,533 |
| Avient Corp. | 9,626 | 488,712 |
| Axalta Coating Systems, Ltd. (A) | 23,623 | 753,337 |
| Balchem Corp. | 8,622 | 1,096,632 |
| Element Solutions, Inc. | 24,172 | 528,883 |
| Huntsman Corp. | 54,908 | 1,574,212 |
| NewMarket Corp. | 2,343 | 812,060 |
| Olin Corp. | 16,791 | 722,517 |
| Quaker Chemical Corp. | 4,602 | 1,115,295 |
| The Chemours Company | 44,493 | 1,343,689 |
| Valvoline, Inc. | 51,126 | 1,605,356 |
| W.R. Grace & Company | 7,454 | 512,313 |
| Construction materials – 0.4% | |
| Eagle Materials, Inc. (A) | 11,276 | 1,557,667 |
| Containers and packaging – 0.9% | |
| Ardagh Group SA | 5,535 | 148,670 |
| Graphic Packaging Holding Company | 72,045 | 1,336,435 |
| Sealed Air Corp. | 17,281 | 853,681 |
| Silgan Holdings, Inc. | 21,346 | 900,161 |
| Sonoco Products Company | 12,473 | 816,483 |
| Metals and mining – 0.9% | |
| Alcoa Corp. (A) | 18,608 | 681,797 |
| Cleveland-Cliffs, Inc. (A)(B) | 45,491 | 812,469 |
| Hecla Mining Company | 186,319 | 1,101,145 |
| Royal Gold, Inc. | 7,663 | 857,183 |
| United States Steel Corp. | 25,077 | 577,022 |
| Paper and forest products – 0.5% | |
| Louisiana-Pacific Corp. | 30,459 | 2,006,639 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Real estate – 8.6% | $36,459,450 |
| Equity real estate investment trusts – 8.3% | |
| Agree Realty Corp. | 15,272 | 1,074,538 |
| American Campus Communities, Inc. | 38,098 | 1,722,411 |
| Apartment Income REIT Corp. | 17,053 | 769,943 |
| Brixmor Property Group, Inc. | 81,334 | 1,817,002 |
| CoreSite Realty Corp. | 5,492 | 667,223 |
| Cousins Properties, Inc. | 41,756 | 1,531,193 |
| Douglas Emmett, Inc. | 47,453 | 1,591,574 |
| EastGroup Properties, Inc. | 8,750 | 1,388,275 |
| Equity Commonwealth | 32,261 | 929,117 |
| First Industrial Realty Trust, Inc. | 29,744 | 1,480,359 |
| Healthcare Realty Trust, Inc. | 36,853 | 1,185,192 |
| Healthcare Trust of America, Inc., Class A | 26,447 | 776,748 |
| Highwoods Properties, Inc. | 27,432 | 1,228,679 |
| Hudson Pacific Properties, Inc. | 42,802 | 1,203,164 |
| JBG SMITH Properties | 33,611 | 1,096,055 |
| Life Storage, Inc. | 19,520 | 1,875,091 |
| National Storage Affiliates Trust | 15,534 | 705,865 |
| Park Hotels & Resorts, Inc. (A) | 28,141 | 627,826 |
| Physicians Realty Trust | 55,818 | 1,045,471 |
| PotlatchDeltic Corp. | 18,148 | 1,077,265 |
| PS Business Parks, Inc. | 5,448 | 884,592 |
| QTS Realty Trust, Inc., Class A | 18,546 | 1,233,124 |
| Rayonier, Inc. | 37,691 | 1,367,429 |
| Rexford Industrial Realty, Inc. | 15,586 | 865,802 |
| Ryman Hospitality Properties, Inc. (A) | 5,582 | 439,024 |
| Sabra Health Care REIT, Inc. | 51,282 | 931,794 |
| Safehold, Inc. | 2,072 | 146,511 |
| SL Green Realty Corp. | 19,547 | 1,446,673 |
| Spirit Realty Capital, Inc. | 28,907 | 1,374,239 |
| STAG Industrial, Inc. | 40,961 | 1,495,486 |
| Terreno Realty Corp. | 18,978 | 1,224,461 |
| Real estate management and development – 0.3% | |
| Cushman & Wakefield PLC (A) | 12,536 | 213,112 |
| The Howard Hughes Corp. (A) | 9,674 | 1,044,212 |
| Utilities – 3.8% | 16,197,768 |
| Electric utilities – 1.2% | |
| Hawaiian Electric Industries, Inc. | 28,619 | 1,232,334 |
| IDACORP, Inc. | 14,693 | 1,505,739 |
| PNM Resources, Inc. | 22,354 | 1,103,393 |
| Portland General Electric Company | 24,029 | 1,222,115 |
| Gas utilities – 1.2% | |
| National Fuel Gas Company | 23,701 | 1,176,992 |
| New Jersey Resources Corp. | 26,139 | 1,096,531 |
| ONE Gas, Inc. | 13,358 | 1,074,918 |
| Southwest Gas Holdings, Inc. | 12,923 | 900,992 |
| Spire, Inc. | 13,340 | 1,005,036 |
| Independent power and renewable electricity producers –0.7% | |
| Atlantica Sustainable Infrastructure PLC | 18,986 | 731,910 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 77 |
MULTIFACTOR SMALL CAP ETF (continued)
| | Shares or
Principal
Amount | Value |
| Utilities (continued) | |
| Independent power and renewable electricityproducers (continued) | |
| Clearway Energy, Inc., Class A | 10,610 | $282,014 |
| Clearway Energy, Inc., Class C | 23,658 | 678,748 |
| Ormat Technologies, Inc. | 12,470 | 902,828 |
| Sunnova Energy International, Inc. (A) | 11,263 | 397,809 |
| Multi-utilities – 0.7% | |
| Black Hills Corp. | 16,705 | 1,152,311 |
| MDU Resources Group, Inc. | 51,826 | 1,734,098 |
|
| SHORT-TERM INVESTMENTS – 0.3% | | $1,285,391 |
| (Cost $1,285,395) | | |
| Short-term funds – 0.3% | 1,285,391 |
| John Hancock Collateral Trust, 0.0360% (D)(E) | 91,985 | 920,269 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (D) | 365,122 | 365,122 |
| Total investments (Multifactor Small Cap ETF) (Cost $337,847,097) 100.3% | $427,393,969 |
| Other assets and liabilities, net (0.3%) | | (1,095,654) |
| Total net assets 100.0% | | $426,298,315 |
| 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 4-30-21. |
| (C) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (D) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
MULTIFACTOR TECHNOLOGY ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 99.9% | | $56,794,488 |
| (Cost $39,163,514) | | |
| Communication services – 0.1% | 49,786 |
| Interactive media and services – 0.1% | |
| ZoomInfo Technologies, Inc., Class A (A) | 960 | 49,786 |
| Consumer discretionary – 0.1% | 46,899 |
| Internet and direct marketing retail – 0.1% | |
| Magnite, Inc. (A) | 1,171 | 46,899 |
| Industrials – 0.6% | 369,854 |
| Electrical equipment – 0.6% | |
| FuelCell Energy, Inc. (A) | 2,893 | 28,091 |
| Plug Power, Inc. (A) | 4,974 | 141,809 |
| Sensata Technologies Holding PLC (A) | 3,463 | 199,954 |
MULTIFACTOR TECHNOLOGY ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology – 99.1% | $56,327,949 |
| Communications equipment – 5.1% | |
| Arista Networks, Inc. (A) | 1,008 | 317,691 |
| Ciena Corp. (A) | 3,195 | 161,252 |
| Cisco Systems, Inc. | 28,036 | 1,427,313 |
| F5 Networks, Inc. (A) | 1,179 | 220,190 |
| Juniper Networks, Inc. | 6,331 | 160,744 |
| Lumentum Holdings, Inc. (A) | 1,352 | 114,988 |
| Motorola Solutions, Inc. | 2,436 | 458,699 |
| Ubiquiti, Inc. | 137 | 39,090 |
| Electronic equipment, instruments and components – 8.9% | |
| Amphenol Corp., Class A | 11,633 | 783,366 |
| Cognex Corp. | 2,739 | 235,883 |
| Coherent, Inc. (A) | 331 | 86,057 |
| Corning, Inc. | 14,244 | 629,727 |
| Dolby Laboratories, Inc., Class A | 1,157 | 117,401 |
| Flex, Ltd. (A) | 10,987 | 191,174 |
| FLIR Systems, Inc. | 3,032 | 181,829 |
| II-VI, Inc. (A) | 2,094 | 140,591 |
| IPG Photonics Corp. (A) | 615 | 133,523 |
| Jabil, Inc. | 4,966 | 260,318 |
| Keysight Technologies, Inc. (A) | 4,086 | 589,814 |
| Littelfuse, Inc. | 568 | 150,656 |
| National Instruments Corp. | 2,566 | 106,258 |
| TE Connectivity, Ltd. | 3,420 | 459,887 |
| Trimble, Inc. (A) | 5,276 | 432,632 |
| Zebra Technologies Corp., Class A (A) | 1,125 | 548,708 |
| IT services – 9.0% | |
| Akamai Technologies, Inc. (A) | 3,545 | 385,342 |
| Amdocs, Ltd. | 2,482 | 190,469 |
| Cognizant Technology Solutions Corp., Class A | 10,104 | 812,362 |
| Concentrix Corp. (A) | 854 | 132,695 |
| DXC Technology Company (A) | 4,570 | 150,399 |
| EPAM Systems, Inc. (A) | 887 | 406,024 |
| Fastly, Inc., Class A (A) | 1,264 | 80,732 |
| Gartner, Inc. (A) | 1,472 | 288,335 |
| GoDaddy, Inc., Class A (A) | 2,382 | 206,805 |
| IBM Corp. | 8,034 | 1,139,864 |
| MongoDB, Inc. (A) | 540 | 160,628 |
| Okta, Inc. (A) | 1,213 | 327,146 |
| Snowflake, Inc., Class A (A) | 197 | 45,623 |
| Twilio, Inc., Class A (A) | 1,283 | 471,887 |
| VeriSign, Inc. (A) | 1,578 | 345,219 |
| Semiconductors and semiconductor equipment – 30.7% | |
| Advanced Micro Devices, Inc. (A) | 6,439 | 525,551 |
| Amkor Technology, Inc. | 1,100 | 22,242 |
| Analog Devices, Inc. | 3,419 | 523,654 |
| Applied Materials, Inc. | 6,355 | 843,372 |
| Broadcom, Inc. | 3,012 | 1,374,074 |
| Brooks Automation, Inc. | 995 | 100,823 |
| CMC Materials, Inc. | 531 | 97,401 |
| 78 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR TECHNOLOGY ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Semiconductors and semiconductor equipment (continued) | |
| Cree, Inc. (A) | 2,085 | $207,291 |
| Entegris, Inc. | 2,805 | 315,787 |
| First Solar, Inc. (A) | 1,617 | 123,749 |
| Intel Corp. | 32,190 | 1,851,891 |
| KLA Corp. | 1,910 | 602,319 |
| Lam Research Corp. | 1,171 | 726,547 |
| Lattice Semiconductor Corp. (A) | 1,897 | 95,438 |
| Marvell Technology, Inc. | 13,814 | 624,531 |
| Maxim Integrated Products, Inc. | 6,095 | 572,930 |
| Microchip Technology, Inc. | 3,233 | 485,888 |
| Micron Technology, Inc. (A) | 8,453 | 727,550 |
| MKS Instruments, Inc. | 1,014 | 181,618 |
| Monolithic Power Systems, Inc. | 698 | 252,243 |
| NVIDIA Corp. | 2,881 | 1,729,695 |
| ON Semiconductor Corp. (A) | 8,915 | 347,685 |
| Power Integrations, Inc. | 807 | 66,828 |
| Qorvo, Inc. (A) | 2,412 | 453,866 |
| QUALCOMM, Inc. | 7,253 | 1,006,716 |
| Silicon Laboratories, Inc. (A) | 778 | 109,659 |
| Skyworks Solutions, Inc. | 3,729 | 676,180 |
| SolarEdge Technologies, Inc. (A) | 791 | 208,460 |
| SunPower Corp. (A) | 888 | 22,813 |
| Teradyne, Inc. | 3,816 | 477,305 |
| Texas Instruments, Inc. | 7,248 | 1,308,336 |
| Universal Display Corp. | 709 | 158,596 |
| Xilinx, Inc. | 4,742 | 606,786 |
| Software – 34.6% | |
| Adobe, Inc. (A) | 2,690 | 1,367,435 |
| Alteryx, Inc., Class A (A) | 697 | 56,980 |
| Anaplan, Inc. (A) | 1,443 | 86,075 |
| ANSYS, Inc. (A) | 1,521 | 556,169 |
| Appfolio, Inc., Class A (A) | 207 | 29,938 |
| Appian Corp. (A)(B) | 522 | 63,256 |
| Aspen Technology, Inc. (A) | 1,495 | 195,606 |
| Atlassian Corp. PLC, Class A (A) | 818 | 194,324 |
| Autodesk, Inc. (A) | 1,780 | 519,600 |
| Avalara, Inc. (A) | 1,269 | 179,830 |
| Bill.com Holdings, Inc. (A) | 796 | 123,085 |
| Blackline, Inc. (A) | 707 | 82,054 |
| Cadence Design Systems, Inc. (A) | 2,719 | 358,283 |
| CDK Global, Inc. | 1,759 | 94,265 |
| Ceridian HCM Holding, Inc. (A) | 2,347 | 221,745 |
| Citrix Systems, Inc. | 2,084 | 258,103 |
| Cloudera, Inc. (A) | 3,163 | 40,138 |
| Cloudflare, Inc., Class A (A) | 2,426 | 205,579 |
| Coupa Software, Inc. (A) | 715 | 192,364 |
| Crowdstrike Holdings, Inc., Class A (A) | 1,167 | 243,331 |
| Datadog, Inc., Class A (A) | 1,732 | 148,554 |
| Digital Turbine, Inc. (A) | 870 | 65,624 |
MULTIFACTOR TECHNOLOGY ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Software (continued) | |
| DocuSign, Inc. (A) | 1,109 | $247,240 |
| Dropbox, Inc., Class A (A) | 4,658 | 119,711 |
| Duck Creek Technologies, Inc. (A) | 347 | 14,428 |
| Elastic NV (A) | 759 | 91,551 |
| Everbridge, Inc. (A) | 432 | 57,331 |
| Fair Isaac Corp. (A) | 523 | 272,697 |
| Five9, Inc. (A) | 654 | 122,932 |
| Fortinet, Inc. (A) | 2,228 | 455,024 |
| Guidewire Software, Inc. (A) | 1,534 | 161,852 |
| HubSpot, Inc. (A) | 548 | 288,495 |
| Intuit, Inc. | 1,661 | 684,598 |
| Manhattan Associates, Inc. (A) | 1,153 | 158,238 |
| McAfee Corp., Class A | 241 | 5,851 |
| Medallia, Inc. (A) | 1,344 | 39,635 |
| Microsoft Corp. | 13,687 | 3,451,588 |
| MicroStrategy, Inc., Class A (A) | 93 | 61,116 |
| NCino, Inc. (A) | 542 | 35,441 |
| NortonLifeLock, Inc. | 9,943 | 214,868 |
| Nuance Communications, Inc. (A) | 5,408 | 287,543 |
| Nutanix, Inc., Class A (A) | 1,877 | 50,754 |
| Oracle Corp. | 13,931 | 1,055,830 |
| Palo Alto Networks, Inc. (A) | 1,145 | 404,632 |
| Paycom Software, Inc. (A) | 757 | 290,998 |
| Paylocity Holding Corp. (A) | 588 | 113,625 |
| Pegasystems, Inc. | 591 | 75,022 |
| Proofpoint, Inc. (A) | 904 | 155,587 |
| PTC, Inc. (A) | 1,718 | 224,955 |
| Q2 Holdings, Inc. (A) | 834 | 86,753 |
| Qualtrics International, Inc., Class A (A) | 895 | 33,428 |
| RingCentral, Inc., Class A (A) | 797 | 254,203 |
| salesforce.com, Inc. (A) | 5,350 | 1,232,212 |
| ServiceNow, Inc. (A) | 753 | 381,297 |
| Slack Technologies, Inc., Class A (A) | 5,630 | 238,712 |
| Smartsheet, Inc., Class A (A) | 1,825 | 108,223 |
| SolarWinds Corp. (A) | 1,077 | 18,158 |
| Splunk, Inc. (A) | 1,350 | 170,667 |
| SS&C Technologies Holdings, Inc. | 4,902 | 363,826 |
| Synopsys, Inc. (A) | 2,434 | 601,344 |
| The Trade Desk, Inc., Class A (A) | 494 | 360,279 |
| Tyler Technologies, Inc. (A) | 709 | 301,226 |
| Unity Software, Inc. (A)(B) | 345 | 35,045 |
| Varonis Systems, Inc. (A) | 951 | 50,355 |
| VMware, Inc., Class A (A) | 667 | 107,274 |
| Workday, Inc., Class A (A) | 1,241 | 306,527 |
| Zendesk, Inc. (A) | 1,381 | 201,833 |
| Zoom Video Communications, Inc., Class A (A) | 772 | 246,708 |
| Zscaler, Inc. (A) | 746 | 139,979 |
| Technology hardware, storage and peripherals – 10.8% | |
| Apple, Inc. | 25,724 | 3,381,677 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 79 |
MULTIFACTOR TECHNOLOGY ETF (continued)
| | Shares or
Principal
Amount | Value |
| Information technology (continued) | |
| Technology hardware, storage and peripherals (continued) | |
| Dell Technologies, Inc., Class C (A) | 1,915 | $188,302 |
| Hewlett Packard Enterprise Company | 25,270 | 404,825 |
| HP, Inc. | 19,239 | 656,242 |
| NetApp, Inc. | 4,552 | 339,989 |
| Pure Storage, Inc., Class A (A) | 4,390 | 88,766 |
| Seagate Technology PLC | 6,030 | 559,825 |
| Western Digital Corp. (A) | 5,997 | 423,568 |
| Xerox Holdings Corp. | 4,295 | 103,681 |
|
| SHORT-TERM INVESTMENTS – 0.3% | | $155,842 |
| (Cost $155,843) | | |
| Short-term funds – 0.3% | 155,842 |
| John Hancock Collateral Trust, 0.0360% (C)(D) | 6,080 | 60,831 |
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (C) | 95,011 | 95,011 |
| Total investments (Multifactor Technology ETF) (Cost $39,319,357) 100.2% | $56,950,330 |
| Other assets and liabilities, net (0.2%) | | (125,095) |
| Total net assets 100.0% | | $56,825,235 |
| 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 4-30-21. |
| (C) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| (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 UTILITIES ETF
As of 4-30-21
| | Shares or
Principal
Amount | Value |
| COMMON STOCKS – 99.9% | | $17,333,781 |
| (Cost $17,193,364) | | |
| Utilities – 99.9% | 17,333,781 |
| Electric utilities – 57.4% | |
| Alliant Energy Corp. | 5,573 | 313,035 |
| American Electric Power Company, Inc. | 11,995 | 1,064,076 |
| Avangrid, Inc. | 1,422 | 72,380 |
| Duke Energy Corp. | 10,231 | 1,030,159 |
| Edison International | 7,599 | 451,761 |
| Entergy Corp. | 6,348 | 693,773 |
| Evergy, Inc. | 6,389 | 408,704 |
| Eversource Energy | 6,355 | 547,928 |
| Exelon Corp. | 23,261 | 1,045,349 |
| FirstEnergy Corp. | 12,658 | 479,991 |
| NextEra Energy, Inc. | 8,564 | 663,796 |
| NRG Energy, Inc. | 5,031 | 180,210 |
| OGE Energy Corp. | 4,807 | 161,323 |
MULTIFACTOR UTILITIES ETF (continued)
| | Shares or
Principal
Amount | Value |
| Utilities (continued) | |
| Electric utilities (continued) | |
| Pinnacle West Capital Corp. | 3,942 | $333,690 |
| PPL Corp. | 24,321 | 708,471 |
| The Southern Company | 12,942 | 856,372 |
| Xcel Energy, Inc. | 13,253 | 944,939 |
| Gas utilities – 3.1% | |
| Atmos Energy Corp. | 2,490 | 257,939 |
| UGI Corp. | 6,499 | 284,071 |
| Independent power and renewable electricity producers –4.6% | |
| Brookfield Renewable Corp., Class A | 1,936 | 80,305 |
| Clearway Energy, Inc., Class A | 512 | 13,609 |
| Clearway Energy, Inc., Class C | 1,233 | 35,375 |
| The AES Corp. | 13,266 | 369,063 |
| Vistra Corp. | 17,224 | 290,569 |
| Multi-utilities – 31.0% | |
| Ameren Corp. | 6,855 | 581,578 |
| CenterPoint Energy, Inc. | 17,541 | 429,579 |
| CMS Energy Corp. | 6,937 | 446,673 |
| Consolidated Edison, Inc. | 8,592 | 665,107 |
| Dominion Energy, Inc. | 4,211 | 336,459 |
| DTE Energy Company | 4,716 | 660,334 |
| NiSource, Inc. | 8,009 | 208,394 |
| Public Service Enterprise Group, Inc. | 12,414 | 784,068 |
| Sempra Energy | 5,079 | 698,718 |
| WEC Energy Group, Inc. | 5,862 | 569,611 |
| Water utilities – 3.8% | |
| American Water Works Company, Inc. | 3,212 | 501,040 |
| Essential Utilities, Inc. | 3,508 | 165,332 |
|
| SHORT-TERM INVESTMENTS – 0.4% | | $61,327 |
| (Cost $61,327) | | |
| Short-term funds – 0.4% | 61,327 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.0259% (A) | 61,327 | 61,327 |
| Total investments (Multifactor Utilities ETF) (Cost $17,254,691) 100.3% | $17,395,108 |
| Other assets and liabilities, net (0.3%) | | (45,164) |
| Total net assets 100.0% | | $17,349,944 |
| 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) | The rate shown is the annualized seven-day yield as of 4-30-21. |
| 80 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF ASSETS AND LIABILITIES 4-30-21
| | Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Emerging Markets ETF |
| Assets | | | | |
| Unaffiliated investments, at value | $49,745,191 | $21,880,778 | $481,190,472 | $737,024,280 |
| Affiliated investments, at value | 67,404 | 133,358 | 9,839,807 | 1,165,140 |
| Total investments, at value | 49,812,595 | 22,014,136 | 491,030,279 | 738,189,420 |
| Foreign currency, at value | — | — | 1,197,140 | 5,091,412 |
| Dividends and interest receivable | 10,572 | 28,606 | 2,642,136 | 737,013 |
| Receivable for investments sold | — | — | — | 559,331 |
| Receivable for securities lending income | 90 | 105 | 8,673 | 6,358 |
| Other assets | 8,389 | 7,914 | 18,571 | 24,953 |
| Total assets | 49,831,646 | 22,050,761 | 494,896,799 | 744,608,487 |
| Liabilities | | | | |
| Foreign capital gains tax payable | — | — | — | 2,955,560 |
| Payable for investments purchased | — | — | 61 | 3,863,259 |
| Payable upon return of securities loaned | 67,416 | 133,367 | 9,834,532 | 1,167,139 |
| Payable to affiliates | | | | |
| Investment management fees | 9,143 | 149 | 127,238 | 257,360 |
| Accounting and legal services fees | 1,545 | 719 | 15,789 | 22,792 |
| Trustees' fees | 38 | 19 | 400 | 596 |
| Other liabilities and accrued expenses | 65,349 | 64,443 | 148,475 | 368,265 |
| Total liabilities | 143,491 | 198,697 | 10,126,495 | 8,634,971 |
| Net assets | $49,688,155 | $21,852,064 | $484,770,304 | $735,973,516 |
| Net assets consist of | | | | |
| Paid-in capital | $42,648,349 | $20,304,133 | $421,510,013 | $605,617,807 |
| Total distributable earnings (loss) | 7,039,806 | 1,547,931 | 63,260,291 | 130,355,709 |
| Net assets | $49,688,155 | $21,852,064 | $484,770,304 | $735,973,516 |
| Unaffiliated investments, at cost | $37,560,127 | $19,213,623 | $398,630,059 | $583,606,147 |
| Affiliated investments, at cost | $67,406 | $133,366 | $9,840,021 | $1,165,169 |
| Foreign currency, at cost | — | — | $1,193,578 | $4,948,990 |
| Securities loaned, at value | $418,689 | $127,170 | $12,496,037 | $5,898,202 |
| Net asset value per share | | | | |
| Based on net asset values and shares outstanding-the fund has an unlimited number of shares authorized with no par value. | | | | |
| Net assets | $49,688,155 | $21,852,064 | $484,770,304 | $735,973,516 |
| Shares outstanding | 950,000 | 630,000 | 14,500,000 | 23,600,000 |
| Net asset value per share | $52.30 | $34.69 | $33.43 | $31.19 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 81 |
STATEMENTS OF ASSETS AND LIABILITIES 4-30-21
Continued
| | Multifactor Energy ETF | Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF |
| Assets | | | | |
| Unaffiliated investments, at value | $20,585,740 | $37,303,098 | $52,002,479 | $51,004,157 |
| Affiliated investments, at value | — | 17,009 | — | 2,898 |
| Total investments, at value | 20,585,740 | 37,320,107 | 52,002,479 | 51,007,055 |
| Cash | — | 8,010 | — | — |
| Dividends and interest receivable | 31,262 | 30,381 | 32,995 | 22,639 |
| Receivable for securities lending income | 53 | 23 | 30 | 8 |
| Receivable from affiliates | 186 | — | — | — |
| Other assets | 7,703 | 8,189 | 8,527 | 8,290 |
| Total assets | 20,624,944 | 37,366,710 | 52,044,031 | 51,037,992 |
| Liabilities | | | | |
| Payable upon return of securities loaned | — | 17,010 | — | 2,898 |
| Payable to affiliates | | | | |
| Investment management fees | — | 5,582 | 9,003 | 9,329 |
| Accounting and legal services fees | 814 | 1,226 | 1,558 | 1,435 |
| Trustees' fees | 18 | 29 | 40 | 37 |
| Other liabilities and accrued expenses | 64,068 | 64,950 | 65,973 | 64,898 |
| Total liabilities | 64,900 | 88,797 | 76,574 | 78,597 |
| Net assets | $20,560,044 | $37,277,913 | $51,967,457 | $50,959,395 |
| Net assets consist of | | | | |
| Paid-in capital | $29,905,575 | $32,456,285 | $45,375,332 | $43,077,475 |
| Total distributable earnings (loss) | (9,345,531) | 4,821,628 | 6,592,125 | 7,881,920 |
| Net assets | $20,560,044 | $37,277,913 | $51,967,457 | $50,959,395 |
| Unaffiliated investments, at cost | $21,399,148 | $29,842,890 | $41,440,909 | $40,142,674 |
| Affiliated investments, at cost | — | $17,009 | — | $2,898 |
| Securities loaned, at value | — | $71,543 | $358,156 | $26,514 |
| Net asset value per share | | | | |
| Based on net asset values and shares outstanding-the fund has an unlimited number of shares authorized with no par value. | | | | |
| Net assets | $20,560,044 | $37,277,913 | $51,967,457 | $50,959,395 |
| Shares outstanding | 1,080,000 | 740,000 | 1,120,000 | 990,000 |
| Net asset value per share | $19.04 | $50.38 | $46.40 | $51.47 |
| 82 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF ASSETS AND LIABILITIES 4-30-21
Continued
| | Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Media and Communications ETF | Multifactor Mid Cap ETF |
| Assets | | | | |
| Unaffiliated investments, at value | $705,621,236 | $27,243,210 | $31,269,285 | $2,163,622,923 |
| Affiliated investments, at value | 375,359 | — | — | 3,521,824 |
| Total investments, at value | 705,996,595 | 27,243,210 | 31,269,285 | 2,167,144,747 |
| Dividends and interest receivable | 463,002 | 13,547 | 40,581 | 815,314 |
| Receivable for fund shares sold | — | — | — | 3,865,610 |
| Receivable for securities lending income | 259 | 5 | 51 | 2,650 |
| Other assets | 30,960 | 10,280 | 7,216 | 52,826 |
| Total assets | 706,490,816 | 27,267,042 | 31,317,133 | 2,171,881,147 |
| Liabilities | | | | |
| Payable for investments purchased | — | — | — | 3,870,509 |
| Payable upon return of securities loaned | 378,684 | — | — | 3,527,279 |
| Payable to affiliates | | | | |
| Investment management fees | 165,850 | 2,051 | 2,104 | 627,437 |
| Accounting and legal services fees | 13,576 | 855 | 1,097 | 65,265 |
| Trustees' fees | 535 | 22 | 27 | 1,652 |
| Other liabilities and accrued expenses | 170,690 | 63,732 | 54,938 | 336,003 |
| Total liabilities | 729,335 | 66,660 | 58,166 | 8,428,145 |
| Net assets | $705,761,481 | $27,200,382 | $31,258,967 | $2,163,453,002 |
| Net assets consist of | | | | |
| Paid-in capital | $578,026,577 | $21,830,751 | $26,310,238 | $1,678,608,129 |
| Total distributable earnings (loss) | 127,734,904 | 5,369,631 | 4,948,729 | 484,844,873 |
| Net assets | $705,761,481 | $27,200,382 | $31,258,967 | $2,163,453,002 |
| Unaffiliated investments, at cost | $546,749,620 | $19,916,351 | $25,210,561 | $1,618,116,476 |
| Affiliated investments, at cost | $375,363 | — | — | $3,521,880 |
| Securities loaned, at value | $984,774 | $128,449 | $476,550 | $11,253,638 |
| Net asset value per share | | | | |
| Based on net asset values and shares outstanding-the fund has an unlimited number of shares authorized with no par value. | | | | |
| Net assets | $705,761,481 | $27,200,382 | $31,258,967 | $2,163,453,002 |
| Shares outstanding | 13,225,000 | 580,000 | 810,000 | 41,975,000 |
| Net asset value per share | $53.37 | $46.90 | $38.59 | $51.54 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 83 |
STATEMENTS OF ASSETS AND LIABILITIES 4-30-21
Continued
| | Multifactor Small Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF |
| Assets | | | |
| Unaffiliated investments, at value | $426,473,700 | $56,889,499 | $17,395,108 |
| Affiliated investments, at value | 920,269 | 60,831 | — |
| Total investments, at value | 427,393,969 | 56,950,330 | 17,395,108 |
| Dividends and interest receivable | 67,354 | 7,620 | 10,910 |
| Receivable for investments sold | 1,764,150 | — | — |
| Receivable for securities lending income | 244 | 68 | — |
| Receivable from affiliates | — | — | 623 |
| Other assets | 18,454 | 8,677 | 7,843 |
| Total assets | 429,244,171 | 56,966,695 | 17,414,484 |
| Liabilities | | | |
| Payable for fund shares repurchased | 1,765,210 | — | — |
| Payable upon return of securities loaned | 919,847 | 60,853 | — |
| Payable to affiliates | | | |
| Investment management fees | 139,435 | 12,477 | — |
| Accounting and legal services fees | 11,351 | 1,787 | 523 |
| Trustees' fees | 351 | 45 | 15 |
| Other liabilities and accrued expenses | 109,662 | 66,298 | 64,002 |
| Total liabilities | 2,945,856 | 141,460 | 64,540 |
| Net assets | $426,298,315 | $56,825,235 | $17,349,944 |
| Net assets consist of | | | |
| Paid-in capital | $396,269,670 | $41,625,887 | $19,052,479 |
| Total distributable earnings (loss) | 30,028,645 | 15,199,348 | (1,702,535) |
| Net assets | $426,298,315 | $56,825,235 | $17,349,944 |
| Unaffiliated investments, at cost | $336,926,824 | $39,258,525 | $17,254,691 |
| Affiliated investments, at cost | $920,273 | $60,832 | — |
| Securities loaned, at value | $1,475,203 | $88,323 | — |
| Net asset value per share | | | |
| Based on net asset values and shares outstanding-the fund has an unlimited number of shares authorized with no par value. | | | |
| Net assets | $426,298,315 | $56,825,235 | $17,349,944 |
| Shares outstanding | 12,075,000 | 670,000 | 520,000 |
| Net asset value per share | $35.30 | $84.81 | $33.37 |
| 84 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF OPERATIONS For the year ended 4-30-21
| | Multifactor Consumer Discretionary ETF | Multifactor Consumer Staples ETF | Multifactor Developed International ETF | Multifactor Emerging Markets ETF |
| Investment income | | | | |
| Dividends from unaffiliated investments | $322,767 | $603,751 | $12,821,826 | $19,459,332 |
| Securities lending | 3,004 | 294 | 67,319 | 64,416 |
| Interest | 31 | 16 | 551 | 1,579 |
| Non-cash dividends | — | — | 1,236,768 | — |
| Less foreign taxes withheld | — | — | (1,031,472) | (2,721,985) |
| Total investment income | 325,802 | 604,061 | 13,094,992 | 16,803,342 |
| Expenses | | | | |
| Investment management fees | 152,444 | 86,466 | 1,625,911 | 3,105,928 |
| Accounting and legal services fees | 5,893 | 3,090 | 77,705 | 118,421 |
| Transfer agent fees | 10,000 | 10,000 | 10,000 | 10,000 |
| Trustees' fees | 827 | 541 | 8,154 | 12,069 |
| Custodian fees | 63,111 | 63,206 | 148,899 | 482,802 |
| Printing and postage | 10,342 | 10,931 | 20,503 | 21,153 |
| Professional fees | 17,946 | 16,883 | 61,082 | 67,822 |
| Stock exchange listing fees | 9,887 | 9,809 | 9,840 | 12,953 |
| Other | 14,810 | 12,325 | 27,162 | 24,065 |
| Total expenses | 285,260 | 213,251 | 1,989,256 | 3,855,213 |
| Less expense reductions | (124,295) | (122,235) | (175,992) | (395,103) |
| Net expenses | 160,965 | 91,016 | 1,813,264 | 3,460,110 |
| Net investment income | 164,837 | 513,045 | 11,281,728 | 13,343,232 |
| Realized and unrealized gain (loss) | | | | |
| Net realized gain (loss) on | | | | |
| Unaffiliated investments and foreign currency transactions | (965,109) | (248,623) | (9,930,956) | (12,260,895)1 |
| Affiliated investments | 309 | (19) | 3,194 | 2,291 |
| Futures contracts | 496 | 434 | 224,994 | 382,564 |
| Redemptions in kind | 7,995,183 | 1,660,612 | 40,266,568 | 33,994,672 |
| | 7,030,879 | 1,412,404 | 30,563,800 | 22,118,632 |
| Change in net unrealized appreciation (depreciation) of | | | | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 14,748,412 | 3,480,578 | 115,725,042 | 237,610,7802 |
| Affiliated investments | (179) | (8) | (3,386) | (2,705) |
| | 14,748,233 | 3,480,570 | 115,721,656 | 237,608,075 |
| Net realized and unrealized gain | 21,779,112 | 4,892,974 | 146,285,456 | 259,726,707 |
| Increase in net assets from operations | $21,943,949 | $5,406,019 | $157,567,184 | $273,069,939 |
| | |
| 1 | Net of foreign taxes of $450,557. |
| 2 | Net of $2,955,560 increase in deferred India withholding taxes. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 85 |
STATEMENTS OF OPERATIONS For the year ended 4-30-21
Continued
| | Multifactor Energy ETF | Multifactor Financials ETF | Multifactor Healthcare ETF | Multifactor Industrials ETF |
| Investment income | | | | |
| Dividends from unaffiliated investments | $511,456 | $650,936 | $865,832 | $521,632 |
| Securities lending | 445 | 612 | 755 | 1,304 |
| Interest | 18 | 21 | 31 | 21 |
| Non-cash dividends | — | — | 175,542 | — |
| Less foreign taxes withheld | — | (121) | — | — |
| Total investment income | 511,919 | 651,448 | 1,042,160 | 522,957 |
| Expenses | | | | |
| Investment management fees | 58,812 | 111,757 | 178,254 | 140,746 |
| Accounting and legal services fees | 1,954 | 3,983 | 7,257 | 5,426 |
| Transfer agent fees | 10,000 | 10,000 | 10,000 | 10,000 |
| Trustees' fees | 435 | 653 | 963 | 701 |
| Custodian fees | 63,433 | 63,092 | 62,816 | 63,045 |
| Printing and postage | 10,116 | 10,695 | 12,125 | 10,491 |
| Professional fees | 16,496 | 17,356 | 19,798 | 17,634 |
| Stock exchange listing fees | 9,809 | 9,887 | 9,887 | 9,809 |
| Other | 11,645 | 12,070 | 12,384 | 12,543 |
| Total expenses | 182,700 | 239,493 | 313,484 | 270,395 |
| Less expense reductions | (120,793) | (121,855) | (125,848) | (122,242) |
| Net expenses | 61,907 | 117,638 | 187,636 | 148,153 |
| Net investment income | 450,012 | 533,810 | 854,524 | 374,804 |
| Realized and unrealized gain (loss) | | | | |
| Net realized gain (loss) on | | | | |
| Unaffiliated investments and foreign currency transactions | (4,142,017) | (962,270) | (764,316) | (1,118,217) |
| Affiliated investments | 17 | (14) | (7) | 2 |
| Futures contracts | 9,488 | 2,220 | (2,748) | 895 |
| Redemptions in kind | 190,670 | 1,474,915 | 4,741,398 | 4,396,112 |
| | (3,941,842) | 514,851 | 3,974,327 | 3,278,792 |
| Change in net unrealized appreciation (depreciation) of | | | | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 8,268,510 | 13,276,547 | 7,034,341 | 13,959,342 |
| Affiliated investments | (14) | (8) | (62) | (20) |
| | 8,268,496 | 13,276,539 | 7,034,279 | 13,959,322 |
| Net realized and unrealized gain | 4,326,654 | 13,791,390 | 11,008,606 | 17,238,114 |
| Increase in net assets from operations | $4,776,666 | $14,325,200 | $11,863,130 | $17,612,918 |
| 86 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF OPERATIONS For the year ended 4-30-21
Continued
| | Multifactor Large Cap ETF | Multifactor Materials ETF | Multifactor Media and Communications ETF | Multifactor Mid Cap ETF |
| Investment income | | | | |
| Dividends from unaffiliated investments | $15,482,653 | $487,418 | $367,914 | $21,640,561 |
| Securities lending | 24,356 | 4,280 | 5,522 | 100,794 |
| Interest | 344 | 18 | 21 | 732 |
| Non-cash dividends | — | — | — | 1,670,230 |
| Less foreign taxes withheld | (124) | (44) | — | (4,566) |
| Total investment income | 15,507,229 | 491,672 | 373,457 | 23,407,751 |
| Expenses | | | | |
| Investment management fees | 2,255,274 | 88,388 | 108,455 | 6,367,547 |
| Accounting and legal services fees | 133,553 | 3,193 | 4,961 | 284,701 |
| Transfer agent fees | 10,000 | 10,000 | 10,000 | 10,000 |
| Trustees' fees | 15,219 | 544 | 662 | 27,932 |
| Custodian fees | 150,665 | 63,103 | 46,769 | 276,892 |
| Printing and postage | 43,562 | 9,541 | 9,728 | 125,141 |
| Professional fees | 68,117 | 16,872 | 17,222 | 122,162 |
| Stock exchange listing fees | 9,887 | 9,809 | 10,018 | 13,316 |
| Other | 33,696 | 11,828 | 10,701 | 47,785 |
| Total expenses | 2,719,973 | 213,278 | 218,516 | 7,275,476 |
| Less expense reductions | (204,474) | (120,239) | (104,353) | (133,820) |
| Net expenses | 2,515,499 | 93,039 | 114,163 | 7,141,656 |
| Net investment income | 12,991,730 | 398,633 | 259,294 | 16,266,095 |
| Realized and unrealized gain (loss) | | | | |
| Net realized gain (loss) on | | | | |
| Unaffiliated investments and foreign currency transactions | (15,972,273) | (161,158) | (270,875) | (13,963,189) |
| Affiliated investments | 723 | (88) | 61 | 1,388 |
| Futures contracts | 137,631 | 1,864 | 477 | 115,428 |
| Redemptions in kind | 211,222,249 | 2,320,985 | 5,830,493 | 149,756,450 |
| | 195,388,330 | 2,161,603 | 5,560,156 | 135,910,077 |
| Change in net unrealized appreciation (depreciation) of | | | | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 146,587,614 | 9,578,099 | 6,776,290 | 664,509,406 |
| Affiliated investments | (978) | — | (29) | (3,692) |
| Futures | (54,691) | — | (400) | — |
| | 146,531,945 | 9,578,099 | 6,775,861 | 664,505,714 |
| Net realized and unrealized gain | 341,920,275 | 11,739,702 | 12,336,017 | 800,415,791 |
| Increase in net assets from operations | $354,912,005 | $12,138,335 | $12,595,311 | $816,681,886 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 87 |
STATEMENTS OF OPERATIONS For the year ended 4-30-21
Continued
| | Multifactor Small Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF |
| Investment income | | | |
| Dividends from unaffiliated investments | $8,418,350 | $540,336 | $736,227 |
| Securities lending | 57,371 | 839 | — |
| Interest | 281 | 31 | 17 |
| Less foreign taxes withheld | (6,287) | — | (214) |
| Total investment income | 8,469,715 | 541,206 | 736,030 |
| Expenses | | | |
| Investment management fees | 1,910,993 | 176,730 | 84,973 |
| Accounting and legal services fees | 79,188 | 6,843 | 2,813 |
| Transfer agent fees | 10,000 | 10,000 | 10,000 |
| Trustees' fees | 8,606 | 921 | 582 |
| Custodian fees | 92,394 | 63,042 | 63,153 |
| Printing and postage | 27,888 | 12,115 | 10,191 |
| Professional fees | 45,417 | 18,350 | 16,893 |
| Stock exchange listing fees | 9,406 | 9,887 | 9,809 |
| Other | 22,916 | 12,414 | 12,352 |
| Total expenses | 2,206,808 | 310,302 | 210,766 |
| Less expense reductions | (148,768) | (124,271) | (121,321) |
| Net expenses | 2,058,040 | 186,031 | 89,445 |
| Net investment income | 6,411,675 | 355,175 | 646,585 |
| Realized and unrealized gain (loss) | | | |
| Net realized gain (loss) on | | | |
| Unaffiliated investments and foreign currency transactions | (3,178,212) | (172,117) | (708,968) |
| Affiliated investments | 3,017 | (64) | — |
| Futures contracts | 97,134 | 1,885 | 8,606 |
| Redemptions in kind | 107,251,110 | 6,410,898 | (394,602) |
| | 104,173,049 | 6,240,602 | (1,094,964) |
| Change in net unrealized appreciation (depreciation) of | | | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 143,297,834 | 14,622,210 | 3,861,303 |
| Affiliated investments | (5,491) | (43) | — |
| | 143,292,343 | 14,622,167 | 3,861,303 |
| Net realized and unrealized gain | 247,465,392 | 20,862,769 | 2,766,339 |
| Increase in net assets from operations | $253,877,067 | $21,217,944 | $3,412,924 |
| 88 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
| | Multifactor Consumer
Discretionary ETF | Multifactor Consumer
Staples ETF | Multifactor Developed
International ETF |
| | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 |
| Increase (decrease) in net assets | | | | | | |
| From operations | | | | | | |
| Net investment income | $164,837 | $477,791 | $513,045 | $654,031 | $11,281,728 | $12,787,165 |
| Net realized gain (loss) | 7,030,879 | 1,125,142 | 1,412,404 | 1,756,687 | 30,563,800 | (2,807,462) |
| Change in net unrealized appreciation (depreciation) | 14,748,233 | (6,052,769) | 3,480,570 | (1,987,459) | 115,721,656 | (66,311,456) |
| Increase (decrease) in net assets resulting from operations | 21,943,949 | (4,449,836) | 5,406,019 | 423,259 | 157,567,184 | (56,331,753) |
| Distributions to shareholders | | | | | | |
| From earnings | (247,807) | (485,939) | (558,496) | (655,650) | (9,397,948) | (16,526,310) |
| From fund share transactions | | | | | | |
| Shares issued | 20,031,773 | 11,360,925 | 5,503,576 | 10,343,541 | 54,554,414 | 81,190,244 |
| Shares repurchased | (23,211,076) | (17,415,480) | (7,710,219) | (19,762,263) | (150,990,640) | (87,062,063) |
| Total from fund share transactions | (3,179,303) | (6,054,555) | (2,206,643) | (9,418,722) | (96,436,226) | (5,871,819) |
| Total increase (decrease) | 18,516,839 | (10,990,330) | 2,640,880 | (9,651,113) | 51,733,010 | (78,729,882) |
| Net assets | | | | | | |
| Beginning of year | 31,171,316 | 42,161,646 | 19,211,184 | 28,862,297 | 433,037,294 | 511,767,176 |
| End of year | $49,688,155 | $31,171,316 | $21,852,064 | $19,211,184 | $484,770,304 | $433,037,294 |
| Share activity | | | | | | |
| Shares outstanding | | | | | | |
| Beginning of year | 1,040,000 | 1,250,000 | 690,000 | 1,030,000 | 17,800,000 | 17,800,000 |
| Shares issued | 450,000 | 360,000 | 180,000 | 360,000 | 1,800,000 | 3,200,000 |
| Shares repurchased | (540,000) | (570,000) | (240,000) | (700,000) | (5,100,000) | (3,200,000) |
| End of year | 950,000 | 1,040,000 | 630,000 | 690,000 | 14,500,000 | 17,800,000 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 89 |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| | Multifactor Emerging Markets ETF | Multifactor Energy ETF | Multifactor Financials ETF |
| | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 |
| Increase (decrease) in net assets | | | | | | |
| From operations | | | | | | |
| Net investment income | $13,343,232 | $20,819,965 | $450,012 | $1,224,730 | $533,810 | $769,139 |
| Net realized gain (loss) | 22,118,632 | (1,990,914) | (3,941,842) | (4,706,274) | 514,851 | 2,265,250 |
| Change in net unrealized appreciation (depreciation) | 237,608,075 | (128,329,801) | 8,268,496 | (6,660,723) | 13,276,539 | (8,624,156) |
| Increase (decrease) in net assets resulting from operations | 273,069,939 | (109,500,750) | 4,776,666 | (10,142,267) | 14,325,200 | (5,589,767) |
| Distributions to shareholders | | | | | | |
| From earnings | (13,029,002) | (19,729,767) | (500,319) | (1,221,422) | (551,255) | (867,642) |
| From fund share transactions | | | | | | |
| Shares issued | 54,036,551 | 72,646,860 | 5,745,399 | 6,544,437 | 5,840,995 | 29,464,818 |
| Shares repurchased | (263,216,902) | (75,885,634) | (4,477,954) | (6,406,805) | (12,694,923) | (40,276,738) |
| Total from fund share transactions | (209,180,351) | (3,238,774) | 1,267,445 | 137,632 | (6,853,928) | (10,811,920) |
| Total increase (decrease) | 50,860,586 | (132,469,291) | 5,543,792 | (11,226,057) | 6,920,017 | (17,269,329) |
| Net assets | | | | | | |
| Beginning of year | 685,112,930 | 817,582,221 | 15,016,252 | 26,242,309 | 30,357,896 | 47,627,225 |
| End of year | $735,973,516 | $685,112,930 | $20,560,044 | $15,016,252 | $37,277,913 | $30,357,896 |
| Share activity | | | | | | |
| Shares outstanding | | | | | | |
| Beginning of year | 31,700,000 | 31,600,000 | 1,080,000 | 980,000 | 970,000 | 1,250,000 |
| Shares issued | 1,900,000 | 3,100,000 | 360,000 | 420,000 | 140,000 | 810,000 |
| Shares repurchased | (10,000,000) | (3,000,000) | (360,000) | (320,000) | (370,000) | (1,090,000) |
| End of year | 23,600,000 | 31,700,000 | 1,080,000 | 1,080,000 | 740,000 | 970,000 |
| 90 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| | Multifactor Healthcare ETF | Multifactor Industrials ETF | Multifactor Large Cap ETF |
| | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 |
| Increase (decrease) in net assets | | | | | | |
| From operations | | | | | | |
| Net investment income | $854,524 | $816,144 | $374,804 | $381,738 | $12,991,730 | $17,091,642 |
| Net realized gain | 3,974,327 | 2,667,740 | 3,278,792 | 1,373,350 | 195,388,330 | 51,821,676 |
| Change in net unrealized appreciation (depreciation) | 7,034,279 | 2,858,891 | 13,959,322 | (5,760,064) | 146,531,945 | (93,070,290) |
| Increase (decrease) in net assets resulting from operations | 11,863,130 | 6,342,775 | 17,612,918 | (4,004,976) | 354,912,005 | (24,156,972) |
| Distributions to shareholders | | | | | | |
| From earnings | (1,198,927) | (1,306,455) | (366,029) | (372,367) | (15,992,156) | (16,652,227) |
| From fund share transactions | | | | | | |
| Shares issued | 12,813,470 | 10,898,269 | 25,764,261 | 10,999,231 | 208,314,848 | 131,654,328 |
| Shares repurchased | (14,717,132) | (26,389,183) | (14,299,595) | (16,550,559) | (630,687,338) | (223,416,055) |
| Total from fund share transactions | (1,903,662) | (15,490,914) | 11,464,666 | (5,551,328) | (422,372,490) | (91,761,727) |
| Total increase (decrease) | 8,760,541 | (10,454,594) | 28,711,555 | (9,928,671) | (83,452,641) | (132,570,926) |
| Net assets | | | | | | |
| Beginning of year | 43,206,916 | 53,661,510 | 22,247,840 | 32,176,511 | 789,214,122 | 921,785,048 |
| End of year | $51,967,457 | $43,206,916 | $50,959,395 | $22,247,840 | $705,761,481 | $789,214,122 |
| Share activity | | | | | | |
| Shares outstanding | | | | | | |
| Beginning of year | 1,170,000 | 1,610,000 | 700,000 | 860,000 | 21,825,000 | 24,275,000 |
| Shares issued | 300,000 | 310,000 | 610,000 | 310,000 | 4,675,000 | 3,675,000 |
| Shares repurchased | (350,000) | (750,000) | (320,000) | (470,000) | (13,275,000) | (6,125,000) |
| End of year | 1,120,000 | 1,170,000 | 990,000 | 700,000 | 13,225,000 | 21,825,000 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 91 |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| | Multifactor Materials ETF | Multifactor Media and Communications ETF | Multifactor Mid Cap ETF |
| | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 |
| Increase (decrease) in net assets | | | | | | |
| From operations | | | | | | |
| Net investment income | $398,633 | $366,907 | $259,294 | $231,920 | $16,266,095 | $17,645,935 |
| Net realized gain (loss) | 2,161,603 | (29,725) | 5,560,156 | (473,910) | 135,910,077 | 10,965,560 |
| Change in net unrealized appreciation (depreciation) | 9,578,099 | (2,701,140) | 6,775,861 | (773,021) | 664,505,714 | (203,734,025) |
| Increase (decrease) in net assets resulting from operations | 12,138,335 | (2,363,958) | 12,595,311 | (1,015,011) | 816,681,886 | (175,122,530) |
| Distributions to shareholders | | | | | | |
| From earnings | (388,841) | (400,889) | (245,994) | (159,184) | (19,552,628) | (14,393,874) |
| From fund share transactions | | | | | | |
| Shares issued | 3,964,212 | 7,172,493 | 11,325,278 | 6,196,500 | 447,810,930 | 719,955,147 |
| Shares repurchased | (5,678,762) | (9,996,413) | (14,768,131) | (6,266,422) | (412,696,585) | (229,422,956) |
| Total from fund share transactions | (1,714,550) | (2,823,920) | (3,442,853) | (69,922) | 35,114,345 | 490,532,191 |
| Total increase (decrease) | 10,034,944 | (5,588,767) | 8,906,464 | (1,244,117) | 832,243,603 | 301,015,787 |
| Net assets | | | | | | |
| Beginning of year | 17,165,438 | 22,754,205 | 22,352,503 | 23,596,620 | 1,331,209,399 | 1,030,193,612 |
| End of year | $27,200,382 | $17,165,438 | $31,258,967 | $22,352,503 | $2,163,453,002 | $1,331,209,399 |
| Share activity | | | | | | |
| Shares outstanding | | | | | | |
| Beginning of year | 610,000 | 700,000 | 890,000 | 890,000 | 41,100,000 | 28,150,000 |
| Shares issued | 100,000 | 220,000 | 350,000 | 250,000 | 10,175,000 | 19,975,000 |
| Shares repurchased | (130,000) | (310,000) | (430,000) | (250,000) | (9,300,000) | (7,025,000) |
| End of year | 580,000 | 610,000 | 810,000 | 890,000 | 41,975,000 | 41,100,000 |
| 92 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| | Multifactor Small Cap ETF | Multifactor Technology ETF | Multifactor Utilities ETF |
| | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 | Year ended
4-30-21 | Year ended
4-30-20 |
| Increase (decrease) in net assets | | | | | | |
| From operations | | | | | | |
| Net investment income | $6,411,675 | $6,131,096 | $355,175 | $692,391 | $646,585 | $917,477 |
| Net realized gain (loss) | 104,173,049 | (23,933,938) | 6,240,602 | 6,359,690 | (1,094,964) | 3,406,928 |
| Change in net unrealized appreciation (depreciation) | 143,292,343 | (66,707,207) | 14,622,167 | (4,028,292) | 3,861,303 | (5,737,233) |
| Increase (decrease) in net assets resulting from operations | 253,877,067 | (84,510,049) | 21,217,944 | 3,023,789 | 3,412,924 | (1,412,828) |
| Distributions to shareholders | | | | | | |
| From earnings | (6,392,741) | (5,745,267) | (476,955) | (628,863) | (763,275) | (922,136) |
| From fund share transactions | | | | | | |
| Shares issued | 86,845,386 | 237,133,023 | 14,150,067 | 13,101,142 | — | 34,715,208 |
| Shares repurchased | (371,277,175) | (122,564,999) | (14,332,508) | (41,017,240) | (10,753,405) | (36,393,455) |
| Total from fund share transactions | (284,431,789) | 114,568,024 | (182,441) | (27,916,098) | (10,753,405) | (1,678,247) |
| Total increase (decrease) | (36,947,463) | 24,312,708 | 20,558,548 | (25,521,172) | (8,103,756) | (4,013,211) |
| Net assets | | | | | | |
| Beginning of year | 463,245,778 | 438,933,070 | 36,266,687 | 61,787,859 | 25,453,700 | 29,466,911 |
| End of year | $426,298,315 | $463,245,778 | $56,825,235 | $36,266,687 | $17,349,944 | $25,453,700 |
| Share activity | | | | | | |
| Shares outstanding | | | | | | |
| Beginning of year | 21,275,000 | 16,325,000 | 680,000 | 1,220,000 | 870,000 | 930,000 |
| Shares issued | 2,950,000 | 9,875,000 | 190,000 | 260,000 | — | 1,060,000 |
| Shares repurchased | (12,150,000) | (4,925,000) | (200,000) | (800,000) | (350,000) | (1,120,000) |
| End of year | 12,075,000 | 21,275,000 | 670,000 | 680,000 | 520,000 | 870,000 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 93 |
MULTIFACTOR CONSUMER DISCRETIONARY ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $29.97 | $33.73 | $30.65 | $28.04 | $25.56 |
| Net investment income1 | 0.17 | 0.41 | 0.37 | 0.32 | 0.51 |
| Net realized and unrealized gain (loss) on investments | 22.41 | (3.76) | 3.11 | 2.58 | 2.45 |
| Total from investment operations | 22.58 | (3.35) | 3.48 | 2.90 | 2.96 |
| Less distributions | | | | | |
| From net investment income | (0.25) | (0.41) | (0.40) | (0.29) | (0.48) |
| Net asset value, end of period | $52.30 | $29.97 | $33.73 | $30.65 | $28.04 |
| Total return (%)2 | 75.70 | (10.08) | 11.57 | 10.37 | 11.78 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $50 | $31 | $42 | $47 | $31 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.71 | 0.73 | 0.73 | 0.85 | 1.07 |
| Expenses including reductions | 0.40 | 0.40 | 0.47 | 0.50 | 0.50 |
| Net investment income | 0.41 | 1.23 | 1.17 | 1.08 | 1.93 |
| Portfolio turnover (%)3 | 17 | 20 | 42 | 9 | 16 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR CONSUMER STAPLES ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $27.84 | $28.02 | $25.35 | $26.48 | $25.14 |
| Net investment income1 | 0.70 | 0.65 | 0.75 | 0.55 | 0.48 |
| Net realized and unrealized gain (loss) on investments | 6.89 | (0.17) | 2.66 | (1.24) | 1.21 |
| Total from investment operations | 7.59 | 0.48 | 3.41 | (0.69) | 1.69 |
| Less distributions | | | | | |
| From net investment income | (0.74) | (0.66) | (0.74) | (0.44) | (0.35) |
| Net asset value, end of period | $34.69 | $27.84 | $28.02 | $25.35 | $26.48 |
| Total return (%)2 | 27.69 | 1.62 | 13.89 | (2.67) | 6.75 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $22 | $19 | $29 | $22 | $17 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.94 | 0.83 | 0.91 | 1.07 | 1.18 |
| Expenses including reductions | 0.40 | 0.40 | 0.47 | 0.50 | 0.50 |
| Net investment income | 2.25 | 2.27 | 2.87 | 2.05 | 1.86 |
| Portfolio turnover (%)3 | 10 | 12 | 14 | 14 | 11 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| 94 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR DEVELOPED INTERNATIONAL ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-171 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $24.33 | $28.75 | $30.68 | $27.17 | $24.54 |
| Net investment income2 | 0.70 | 0.73 | 0.91 | 0.77 | 0.31 |
| Net realized and unrealized gain (loss) on investments | 8.99 | (4.21) | (2.31) | 3.43 | 2.32 |
| Total from investment operations | 9.69 | (3.48) | (1.40) | 4.20 | 2.63 |
| Less distributions | | | | | |
| From net investment income | (0.59) | (0.94) | (0.53) | (0.69) | — |
| Net asset value, end of period | $33.43 | $24.33 | $28.75 | $30.68 | $27.17 |
| Total return (%)3 | 40.26 | (12.57) | (4.54) | 15.64 | 10.734 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $485 | $433 | $512 | $68 | $33 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.43 | 0.52 | 0.55 | 0.80 | 0.995 |
| Expenses including reductions | 0.39 | 0.45 | 0.45 | 0.45 | 0.455 |
| Net investment income | 2.43 | 2.46 | 3.28 | 2.60 | 3.025 |
| Portfolio turnover (%)6 | 8 | 10 | 17 | 15 | 8 |
| | |
| 1 | Period from 12-15-16 (commencement of operations) to 4-30-17. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR EMERGING MARKETS ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-191 |
| Per share operating performance | | | |
| Net asset value, beginning of period | $21.61 | $25.87 | $25.00 |
| Net investment income2 | 0.50 | 0.66 | 0.14 |
| Net realized and unrealized gain (loss) on investments | 9.57 | (4.29) | 0.78 |
| Total from investment operations | 10.07 | (3.63) | 0.92 |
| Less distributions | | | |
| From net investment income | (0.49) | (0.63) | (0.05) |
| Net asset value, end of period | $31.19 | $21.61 | $25.87 |
| Total return (%)3 | 46.99 | (14.44) | 3.714 |
| Ratios and supplemental data | | | |
| Net assets, end of period (in millions) | $736 | $685 | $818 |
| Ratios (as a percentage of average net assets): | | | |
| Expenses before reductions | 0.55 | 0.67 | 0.715 |
| Expenses including reductions | 0.49 | 0.55 | 0.555 |
| Net investment income | 1.89 | 2.69 | 0.975 |
| Portfolio turnover (%)6 | 25 | 22 | 3 |
| | |
| 1 | Period from 9-27-18 (commencement of operations) to 4-30-19. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 95 |
MULTIFACTOR ENERGY ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $13.90 | $26.78 | $31.39 | $27.42 | $27.23 |
| Net investment income1 | 0.43 | 1.352 | 0.51 | 0.663 | 0.42 |
| Net realized and unrealized gain (loss) on investments | 5.20 | (12.80) | (4.59) | 3.85 | 0.06 |
| Total from investment operations | 5.63 | (11.45) | (4.08) | 4.51 | 0.48 |
| Less distributions | | | | | |
| From net investment income | (0.49) | (1.43) | (0.53) | (0.54) | (0.29) |
| Net asset value, end of period | $19.04 | $13.90 | $26.78 | $31.39 | $27.42 |
| Total return (%)4 | 41.67 | (44.93) | (12.84) | 16.69 | 1.73 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $21 | $15 | $26 | $37 | $16 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 1.18 | 1.05 | 0.86 | 1.07 | 1.15 |
| Expenses including reductions | 0.40 | 0.40 | 0.48 | 0.50 | 0.50 |
| Net investment income | 2.91 | 6.382 | 1.72 | 2.353 | 1.46 |
| Portfolio turnover (%)5 | 37 | 22 | 25 | 16 | 30 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.82 and 3.84%, respectively. |
| 3 | Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.16 and 0.58%, respectively. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR FINANCIALS ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $31.30 | $38.10 | $36.86 | $31.48 | $25.35 |
| Net investment income1 | 0.69 | 0.70 | 0.57 | 0.45 | 0.38 |
| Net realized and unrealized gain (loss) on investments | 19.11 | (6.64) | 1.21 | 5.30 | 6.10 |
| Total from investment operations | 19.80 | (5.94) | 1.78 | 5.75 | 6.48 |
| Less distributions | | | | | |
| From net investment income | (0.72) | (0.86) | (0.54) | (0.37) | (0.35) |
| Net asset value, end of period | $50.38 | $31.30 | $38.10 | $36.86 | $31.48 |
| Total return (%)2 | 64.14 | (16.06) | 5.15 | 18.33 | 25.78 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $37 | $30 | $48 | $69 | $43 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.81 | 0.72 | 0.66 | 0.75 | 0.99 |
| Expenses including reductions | 0.40 | 0.40 | 0.47 | 0.50 | 0.50 |
| Net investment income | 1.82 | 1.86 | 1.57 | 1.26 | 1.32 |
| Portfolio turnover (%)3 | 11 | 10 | 9 | 8 | 7 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| 96 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR HEALTHCARE ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $36.93 | $33.33 | $31.14 | $28.59 | $25.77 |
| Net investment income1 | 0.75 | 0.60 | 0.73 | 0.24 | 0.30 |
| Net realized and unrealized gain (loss) on investments | 9.81 | 3.91 | 1.71 | 2.62 | 2.72 |
| Total from investment operations | 10.56 | 4.51 | 2.44 | 2.86 | 3.02 |
| Less distributions | | | | | |
| From net investment income | (1.09) | (0.91) | (0.25) | (0.31) | (0.20) |
| Net asset value, end of period | $46.40 | $36.93 | $33.33 | $31.14 | $28.59 |
| Total return (%)2 | 29.08 | 13.70 | 7.89 | 10.04 | 11.78 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $52 | $43 | $54 | $41 | $33 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.67 | 0.68 | 0.66 | 0.86 | 1.06 |
| Expenses including reductions | 0.40 | 0.40 | 0.46 | 0.50 | 0.50 |
| Net investment income | 1.82 | 1.72 | 2.18 | 0.79 | 1.12 |
| Portfolio turnover (%)3 | 11 | 10 | 21 | 11 | 14 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR INDUSTRIALS ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $31.78 | $37.41 | $33.75 | $30.40 | $25.37 |
| Net investment income1 | 0.42 | 0.52 | 0.59 | 0.33 | 0.35 |
| Net realized and unrealized gain (loss) on investments | 19.70 | (5.64) | 3.69 | 3.33 | 4.94 |
| Total from investment operations | 20.12 | (5.12) | 4.28 | 3.66 | 5.29 |
| Less distributions | | | | | |
| From net investment income | (0.43) | (0.51) | (0.62) | (0.31) | (0.26) |
| Net asset value, end of period | $51.47 | $31.78 | $37.41 | $33.75 | $30.40 |
| Total return (%)2 | 63.78 | (13.92) | 13.16 | 12.04 | 20.95 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $51 | $22 | $32 | $32 | $21 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.73 | 0.86 | 0.90 | 0.98 | 1.12 |
| Expenses including reductions | 0.40 | 0.40 | 0.47 | 0.50 | 0.50 |
| Net investment income | 1.01 | 1.42 | 1.70 | 0.98 | 1.24 |
| Portfolio turnover (%)3 | 13 | 21 | 49 | 3 | 8 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 97 |
MULTIFACTOR LARGE CAP ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $36.16 | $37.97 | $34.52 | $31.09 | $26.69 |
| Net investment income1 | 0.66 | 0.73 | 0.70 | 0.51 | 0.49 |
| Net realized and unrealized gain (loss) on investments | 17.30 | (1.83) | 3.25 | 3.42 | 4.31 |
| Total from investment operations | 17.96 | (1.10) | 3.95 | 3.93 | 4.80 |
| Less distributions | | | | | |
| From net investment income | (0.75) | (0.71) | (0.50) | (0.50) | (0.40) |
| Net asset value, end of period | $53.37 | $36.16 | $37.97 | $34.52 | $31.09 |
| Total return (%)2 | 50.22 | (3.04) | 11.74 | 12.69 | 18.13 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $706 | $789 | $922 | $401 | $342 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.31 | 0.34 | 0.35 | 0.40 | 0.45 |
| Expenses including reductions | 0.29 | 0.33 | 0.34 | 0.35 | 0.35 |
| Net investment income | 1.50 | 1.92 | 1.96 | 1.53 | 1.67 |
| Portfolio turnover (%)3 | 7 | 6 | 6 | 5 | 12 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR MATERIALS ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $28.14 | $32.51 | $34.00 | $30.85 | $26.76 |
| Net investment income1 | 0.63 | 0.58 | 0.55 | 0.44 | 0.44 |
| Net realized and unrealized gain (loss) on investments | 18.74 | (4.31) | (1.54) | 3.13 | 3.97 |
| Total from investment operations | 19.37 | (3.73) | (0.99) | 3.57 | 4.41 |
| Less distributions | | | | | |
| From net investment income | (0.61) | (0.64) | (0.50) | (0.42) | (0.32) |
| Net asset value, end of period | $46.90 | $28.14 | $32.51 | $34.00 | $30.85 |
| Total return (%)2 | 69.61 | (11.77) | (2.76) | 11.62 | 16.58 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $27 | $17 | $23 | $23 | $20 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.92 | 1.01 | 1.01 | 1.05 | 1.15 |
| Expenses including reductions | 0.40 | 0.40 | 0.47 | 0.50 | 0.50 |
| Net investment income | 1.71 | 1.82 | 1.68 | 1.32 | 1.51 |
| Portfolio turnover (%)3 | 16 | 20 | 46 | 10 | 17 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| 98 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR MEDIA AND COMMUNICATIONS ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-191 |
| Per share operating performance | | | |
| Net asset value, beginning of period | $25.12 | $26.51 | $25.00 |
| Net investment income2 | 0.29 | 0.29 | 0.04 |
| Net realized and unrealized gain (loss) on investments | 13.45 | (1.48) | 1.47 |
| Total from investment operations | 13.74 | (1.19) | 1.51 |
| Less distributions | | | |
| From net investment income | (0.27) | (0.20) | — |
| Net asset value, end of period | $38.59 | $25.12 | $26.51 |
| Total return (%)3 | 55.00 | (4.60) | 6.054 |
| Ratios and supplemental data | | | |
| Net assets, end of period (in millions) | $31 | $22 | $24 |
| Ratios (as a percentage of average net assets): | | | |
| Expenses before reductions | 0.77 | 1.02 | 2.985 |
| Expenses including reductions | 0.40 | 0.40 | 0.405 |
| Net investment income | 0.91 | 1.07 | 1.295 |
| Portfolio turnover (%)6 | 20 | 19 | 0 |
| | |
| 1 | Period from 3-12-19 (commencement of operations) to 4-30-19. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR MID CAP ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $32.39 | $36.60 | $34.04 | $30.65 | $26.07 |
| Net investment income1 | 0.39 | 0.48 | 0.53 | 0.34 | 0.33 |
| Net realized and unrealized gain (loss) on investments | 19.23 | (4.29) | 2.44 | 3.36 | 4.58 |
| Total from investment operations | 19.62 | (3.81) | 2.97 | 3.70 | 4.91 |
| Less distributions | | | | | |
| From net investment income | (0.47) | (0.40) | (0.41) | (0.31) | (0.33) |
| Net asset value, end of period | $51.54 | $32.39 | $36.60 | $34.04 | $30.65 |
| Total return (%)2 | 61.03 | (10.56) | 8.98 | 12.11 | 18.96 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $2,163 | $1,331 | $1,030 | $332 | $170 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.42 | 0.43 | 0.45 | 0.52 | 0.61 |
| Expenses including reductions | 0.41 | 0.42 | 0.44 | 0.45 | 0.45 |
| Net investment income | 0.96 | 1.33 | 1.53 | 1.03 | 1.16 |
| Portfolio turnover (%)3 | 20 | 11 | 13 | 11 | 14 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 99 |
MULTIFACTOR SMALL CAP ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-181 |
| Per share operating performance | | | | |
| Net asset value, beginning of period | $21.77 | $26.89 | $25.69 | $25.00 |
| Net investment income2 | 0.36 | 0.33 | 0.29 | 0.13 |
| Net realized and unrealized gain (loss) on investments | 13.51 | (5.13) | 1.16 | 0.56 |
| Total from investment operations | 13.87 | (4.80) | 1.45 | 0.69 |
| Less distributions | | | | |
| From net investment income | (0.34) | (0.32) | (0.25) | — |
| Net asset value, end of period | $35.30 | $21.77 | $26.89 | $25.69 |
| Total return (%)3 | 64.17 | (18.07) | 5.71 | 2.774 |
| Ratios and supplemental data | | | | |
| Net assets, end of period (in millions) | $426 | $463 | $439 | $39 |
| Ratios (as a percentage of average net assets): | | | | |
| Expenses before reductions | 0.45 | 0.55 | 0.60 | 0.905,6 |
| Expenses including reductions | 0.42 | 0.49 | 0.50 | 0.515,6 |
| Net investment income | 1.31 | 1.30 | 1.13 | 1.055 |
| Portfolio turnover (%)7 | 56 | 36 | 33 | 17 |
| | |
| 1 | Period from 11-8-17 (commencement of operations) to 4-30-18. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Certain expenses are presented unannualized due to the short reporting period. |
| 7 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
MULTIFACTOR TECHNOLOGY ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $53.33 | $50.65 | $42.87 | $35.10 | $25.86 |
| Net investment income1 | 0.54 | 0.69 | 0.43 | 0.28 | 0.34 |
| Net realized and unrealized gain (loss) on investments | 31.66 | 2.66 | 7.72 | 7.77 | 9.30 |
| Total from investment operations | 32.20 | 3.35 | 8.15 | 8.05 | 9.64 |
| Less distributions | | | | | |
| From net investment income | (0.72) | (0.67) | (0.37) | (0.28) | (0.40) |
| Net asset value, end of period | $84.81 | $53.33 | $50.65 | $42.87 | $35.10 |
| Total return (%)2 | 60.79 | 6.65 | 19.25 | 23.02 | 37.66 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $57 | $36 | $62 | $63 | $42 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.67 | 0.66 | 0.64 | 0.74 | 1.00 |
| Expenses including reductions | 0.40 | 0.40 | 0.47 | 0.50 | 0.50 |
| Net investment income | 0.76 | 1.35 | 0.96 | 0.70 | 1.11 |
| Portfolio turnover (%)3 | 12 | 21 | 27 | 7 | 18 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| 100 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIFACTOR UTILITIES ETF
| Period ended | 4-30-21 | 4-30-20 | 4-30-19 | 4-30-18 | 4-30-17 |
| Per share operating performance | | | | | |
| Net asset value, beginning of period | $29.26 | $31.68 | $27.45 | $27.02 | $24.86 |
| Net investment income1 | 0.88 | 0.87 | 0.84 | 0.77 | 0.71 |
| Net realized and unrealized gain (loss) on investments | 4.23 | (2.40) | 4.05 | 0.34 | 1.94 |
| Total from investment operations | 5.11 | (1.53) | 4.89 | 1.11 | 2.65 |
| Less distributions | | | | | |
| From net investment income | (1.00) | (0.89) | (0.66) | (0.68) | (0.49) |
| Net asset value, end of period | $33.37 | $29.26 | $31.68 | $27.45 | $27.02 |
| Total return (%)2 | 18.01 | (5.16) | 18.21 | 4.14 | 10.79 |
| Ratios and supplemental data | | | | | |
| Net assets, end of period (in millions) | $17 | $25 | $29 | $18 | $18 |
| Ratios (as a percentage of average net assets): | | | | | |
| Expenses before reductions | 0.94 | 0.77 | 0.87 | 1.16 | 1.18 |
| Expenses including reductions | 0.40 | 0.40 | 0.46 | 0.50 | 0.50 |
| Net investment income | 2.89 | 2.66 | 2.86 | 2.78 | 2.77 |
| Portfolio turnover (%)3 | 17 | 11 | 19 | 12 | 16 |
| | |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Portfolio turnover rate excludes securities received or delivered from in-kind transactions. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL | JOHN HANCOCK MULTIFACTOR ETFS | 101 |
Notes to financial statements
Note 1—Organization
John Hancock Exchange-Traded Fund Trust (the Trust) is an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, fifteen of which are presented in this report (the funds).
The investment objective of each fund is to seek to provide investment results that closely correspond, before fees and expenses, to the performance of their respective Index as listed below:
| Fund | Index |
| Multifactor Consumer Discretionary ETF | John Hancock Dimensional Consumer Discretionary Index |
| Multifactor Consumer Staples ETF | John Hancock Dimensional Consumer Staples Index |
| Multifactor Developed International ETF | John Hancock Dimensional Developed International Index |
| Multifactor Emerging Markets ETF | John Hancock Dimensional Emerging Markets Index |
| Multifactor Energy ETF | John Hancock Dimensional Energy Index |
| Multifactor Financials ETF | John Hancock Dimensional Financials Index |
| Multifactor Healthcare ETF | John Hancock Dimensional Healthcare Index |
| Multifactor Industrials ETF | John Hancock Dimensional Industrials Index |
| Multifactor Large Cap ETF | John Hancock Dimensional Large Cap Index |
| Multifactor Materials ETF | John Hancock Dimensional Materials Index |
| Multifactor Media and Communications ETF | John Hancock Dimensional Media and Communications Index |
| Multifactor Mid Cap ETF | John Hancock Dimensional Mid Cap Index |
| Multifactor Small Cap ETF | John Hancock Dimensional Small Cap Index |
| Multifactor Technology ETF | John Hancock Dimensional Technology Index |
| Multifactor Utilities ETF | John Hancock Dimensional Utilities Index |
Note 2—Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The funds qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the funds:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the funds' Valuation Policies and Procedures.
In order to value the securities, the funds use the following valuation techniques: Equity securities, including exchange-traded funds and closed-end funds, held by the funds are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor valued at London close.
In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the funds' Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the funds' Pricing Committee, following procedures established by the Board of Trustees. The funds may use fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The funds use a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the funds' own assumptions in determining
| 102 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the funds' investments as of April 30, 2021, by major security category or type:
| | Total
value at
4-30-21 | Level 1
quoted
price | Level 2
significant
observable
inputs | Level 3
significant
unobservable
inputs |
| Multifactor Consumer Discretionary ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $49,683,666 | $49,683,666 | — | — |
| Short-term investments | 128,929 | 128,929 | — | — |
| Total investments in securities | $49,812,595 | $49,812,595 | — | — |
| |
| Multifactor Consumer Staples ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $21,836,742 | $21,836,742 | — | — |
| Short-term investments | 177,394 | 177,394 | — | — |
| Total investments in securities | $22,014,136 | $22,014,136 | — | — |
| |
| Multifactor Developed International ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | | | | |
| Australia | $34,243,724 | $34,243,724 | — | — |
| Austria | 705,731 | 705,731 | — | — |
| Belgium | 4,857,511 | 4,857,511 | — | — |
| Chile | 240,905 | 240,905 | — | — |
| Czech Republic | 217,587 | 217,587 | — | — |
| Denmark | 12,613,173 | 12,613,173 | — | — |
| Finland | 6,574,549 | 6,574,549 | — | — |
| France | 48,618,408 | 48,618,408 | — | — |
| Germany | 40,930,813 | 40,930,813 | — | — |
| Hong Kong | 14,353,845 | 14,353,845 | — | — |
| Ireland | 4,791,377 | 4,791,377 | — | — |
| Isle of Man | 636,149 | 636,149 | — | — |
| Israel | 1,937,846 | 1,937,846 | — | — |
| Italy | 9,581,944 | 9,581,944 | — | — |
| Japan | 120,367,163 | 120,367,163 | — | — |
| Jordan | 219,184 | 219,184 | — | — |
| Luxembourg | 1,206,453 | 1,206,453 | — | — |
| Macau | 245,150 | 245,150 | — | — |
| Mexico | 104,407 | 104,407 | — | — |
| Netherlands | 24,324,904 | 24,324,904 | — | — |
| New Zealand | 1,198,309 | 1,198,309 | — | — |
| Norway | 2,817,948 | 2,817,948 | — | — |
| Portugal | 580,066 | 580,066 | — | — |
| Singapore | 7,232,206 | 7,232,206 | — | — |
| Spain | 11,335,859 | 11,335,859 | — | — |
| Sweden | 16,063,437 | 16,063,437 | — | — |
| Switzerland | 44,464,122 | 44,464,122 | — | — |
| United Arab Emirates | 1,869 | — | $1,869 | — |
| United Kingdom | 64,425,682 | 64,425,682 | — | — |
| United States | 62,064 | 62,064 | — | — |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 103 |
| | Total
value at
4-30-21 | Level 1
quoted
price | Level 2
significant
observable
inputs | Level 3
significant
unobservable
inputs |
| Multifactor Developed International ETF (continued) | | | | |
| Preferred securities | $3,262,217 | $3,262,217 | — | — |
| Short-term investments | 12,815,677 | 12,815,677 | — | — |
| Total investments in securities | $491,030,279 | $491,028,410 | $1,869 | — |
| |
| Multifactor Emerging Markets ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $727,676,247 | $727,676,247 | — | — |
| Preferred securities | 8,993,390 | 8,993,390 | — | — |
| Investment companies | 120,451 | 120,451 | — | — |
| Warrants | 5,285 | 5,285 | — | — |
| Short-term investments | 1,394,047 | 1,394,047 | — | — |
| Total investments in securities | $738,189,420 | $738,189,420 | — | — |
| |
| Multifactor Energy ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $20,536,525 | $20,536,525 | — | — |
| Short-term investments | 49,215 | 49,215 | — | — |
| Total investments in securities | $20,585,740 | $20,585,740 | — | — |
| |
| Multifactor Financials ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $37,242,859 | $37,242,859 | — | — |
| Short-term investments | 77,248 | 77,248 | — | — |
| Total investments in securities | $37,320,107 | $37,320,107 | — | — |
| |
| Multifactor Healthcare ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $51,944,903 | $51,944,903 | — | — |
| Short-term investments | 57,576 | 57,576 | — | — |
| Total investments in securities | $52,002,479 | $52,002,479 | — | — |
| |
| Multifactor Industrials ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $50,935,253 | $50,935,253 | — | — |
| Short-term investments | 71,802 | 71,802 | — | — |
| Total investments in securities | $51,007,055 | $51,007,055 | — | — |
| |
| Multifactor Large Cap ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $705,307,555 | $705,307,555 | — | — |
| Short-term investments | 689,040 | 689,040 | — | — |
| Total investments in securities | $705,996,595 | $705,996,595 | — | — |
| |
| Multifactor Materials ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $27,186,877 | $27,186,877 | — | — |
| 104 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
| | Total
value at
4-30-21 | Level 1
quoted
price | Level 2
significant
observable
inputs | Level 3
significant
unobservable
inputs |
| Multifactor Materials ETF (continued) | | | | |
| Short-term investments | $56,333 | $56,333 | — | — |
| Total investments in securities | $27,243,210 | $27,243,210 | — | — |
| |
| Multifactor Media and Communications ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $31,247,669 | $31,247,669 | — | — |
| Short-term investments | 21,616 | 21,616 | — | — |
| Total investments in securities | $31,269,285 | $31,269,285 | — | — |
| |
| Multifactor Mid Cap ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $2,162,057,110 | $2,162,057,110 | — | — |
| Short-term investments | 5,087,637 | 5,087,637 | — | — |
| Total investments in securities | $2,167,144,747 | $2,167,144,747 | — | — |
| |
| Multifactor Small Cap ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $426,108,578 | $426,108,578 | — | — |
| Short-term investments | 1,285,391 | 1,285,391 | — | — |
| Total investments in securities | $427,393,969 | $427,393,969 | — | — |
| |
| Multifactor Technology ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $56,794,488 | $56,794,488 | — | — |
| Short-term investments | 155,842 | 155,842 | — | — |
| Total investments in securities | $56,950,330 | $56,950,330 | — | — |
| |
| Multifactor Utilities ETF | | | | |
| Investments in securities: | | | | |
| Assets | | | | |
| Common stocks | $17,333,781 | $17,333,781 | — | — |
| Short-term investments | 61,327 | 61,327 | — | — |
| Total investments in securities | $17,395,108 | $17,395,108 | — | — |
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Real estate investment trusts. The funds may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of their fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the funds will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.
Securities lending. The funds may lend their securities to earn additional income. The funds receive collateral from the borrower in an amount not less than the market value of the loaned securities. The funds will invest their cash collateral in JHCT, an affiliate of the funds, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT invests in short-term money market investments. Each fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The funds have the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the funds for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue,
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 105 |
type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the funds could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The funds receive compensation for lending their securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the funds is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statements of operations.
Obligations to repay collateral received by the funds are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. The following table summarizes the values of securities loaned by the funds and the corresponding cash collateral received at April 30, 2021:
| Fund | Market value of securities on loan | Cash collateral received |
| Multifactor Consumer Discretionary ETF | $418,689 | $67,416 |
| Multifactor Consumer Staples ETF | 127,170 | 133,367 |
| Multifactor Developed International ETF | 12,496,037 | 9,834,532 |
| Multifactor Emerging Markets ETF | 5,898,202 | 1,167,139 |
| Multifactor Financials ETF | 71,543 | 17,010 |
| Multifactor Healthcare ETF | 358,156 | — |
| Multifactor Industrials ETF | 26,514 | 2,898 |
| Multifactor Large Cap ETF | 984,774 | 378,684 |
| Multifactor Materials ETF | 128,449 | — |
| Multifactor Media and Communications ETF | 476,550 | — |
| Multifactor Mid Cap ETF | 11,253,638 | 3,527,279 |
| Multifactor Small Cap ETF | 1,475,203 | 919,847 |
| Multifactor Technology ETF | 88,323 | 60,853 |
In addition, non-cash collateral in the form of U.S. Treasuries was pledged to the funds listed below. This non-cash collateral cannot be sold or repledged by the funds, and accordingly, is not reflected in the funds’ net assets.
| Fund | Non-cash collateral |
| Multifactor Consumer Discretionary ETF | $ 369,573 |
| Multifactor Developed International ETF | 3,514,060 |
| Multifactor Emerging Markets ETF | 5,225,249 |
| Multifactor Financials ETF | 56,297 |
| Multifactor Healthcare ETF | 365,062 |
| Multifactor Industrials ETF | 24,790 |
| Multifactor Large Cap ETF | 644,103 |
| Multifactor Materials ETF | 128,437 |
| Multifactor Media and Communications ETF | 499,146 |
| Multifactor Mid Cap ETF | 8,113,002 |
| Multifactor Small Cap ETF | 606,788 |
| Multifactor Technology ETF | 32,874 |
Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.
Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.
There may be unexpected restrictions on investments in companies located in certain foreign countries, such as China. For example, on November 12, 2020, the President of the United States signed an Executive Order prohibiting U.S. persons from purchasing or investing in publicly-traded securities of companies identified by the U.S. government as “Communist Chinese military companies.” As a result of forced sales of a security, or inability to participate in an investment the manager otherwise believes is attractive, a fund may incur losses.
Trading in certain Chinese securities through Hong Kong Stock Connect or Bond Connect, mutual market access programs that enable foreign investment in the People's Republic of China, is subject to certain restrictions and risks. Securities offered through these programs may lose purchase eligibility and any changes in laws, regulations and policies impacting these programs may affect security prices, which could adversely affect the funds' performance.
| 106 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
Foreign taxes. The funds may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the funds' understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the funds as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.
Overdraft. The funds may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the funds' custodian agreement, the custodian may loan money to the funds to make properly authorized payments. The funds are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.
Line of credit. Effective June 25, 2020, the funds and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, a fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the funds and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit.
A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statements of operations. For the year ended April 30, 2021, the funds had no borrowings under the line of credit.
Commitment fees, including upfront fees, for the year ended April 30, 2021 were as follows:
| Fund | Commitment fee |
| Multifactor Consumer Discretionary ETF | $5,838 |
| Multifactor Consumer Staples ETF | 5,762 |
| Multifactor Developed International ETF | 7,934 |
| Multifactor Emerging Markets ETF | 9,085 |
| Multifactor Energy ETF | 5,712 |
| Multifactor Financials ETF | 5,781 |
| Multifactor Healthcare ETF | 5,871 |
| Multifactor Industrials ETF | 5,836 |
| Multifactor Large Cap ETF | 10,130 |
| Multifactor Materials ETF | 5,759 |
| Multifactor Media and Communications ETF | 5,783 |
| Multifactor Mid Cap ETF | 13,762 |
| Multifactor Small Cap ETF | 8,140 |
| Multifactor Technology ETF | 5,859 |
| Multifactor Utilities ETF | 5,759 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Federal income taxes. Each fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
For federal income tax purposes, as of April 30, 2021, certain funds have short-term and long-term capital loss carryforwards available to offset future net realized capital gains. These carryforwards do not expire. The following table details the capital loss carryforwards available as of April 30, 2021:
| | No Expiration Date |
| Fund | Short Term | Long Term |
| Multifactor Consumer Discretionary ETF | $2,109,941 | $3,053,191 |
| Multifactor Consumer Staples ETF | 950,177 | 298,552 |
| Multifactor Developed International ETF | 8,422,763 | 15,307,607 |
| Multifactor Emerging Markets ETF | 11,265,446 | 10,606,393 |
| Multifactor Energy ETF | 3,758,771 | 4,729,145 |
| Multifactor Financials ETF | 1,935,386 | 846,270 |
| Multifactor Healthcare ETF | 1,882,988 | 2,174,328 |
| Multifactor Industrials ETF | 1,316,979 | 1,740,836 |
| Multifactor Large Cap ETF | 12,297,454 | 21,075,305 |
| Multifactor Materials ETF | 1,036,832 | 997,782 |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 107 |
| | No Expiration Date |
| Fund | Short Term | Long Term |
| Multifactor Media and Communications ETF | $940,175 | $262,550 |
| Multifactor Mid Cap ETF | 45,557,354 | 15,505,463 |
| Multifactor Small Cap ETF | 34,880,742 | 26,025,952 |
| Multifactor Technology ETF | 1,762,179 | 772,726 |
| Multifactor Utilities ETF | 1,469,128 | 467,160 |
Due to certain Internal Revenue Code rules, utilization of the capital loss carryforwards may be limited in future years.
As of April 30, 2021, the funds had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The funds' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on April 30, 2021, including short-term investments, were as follows:
| Fund | Aggregate
cost | Unrealized
appreciation | Unrealized
(depreciation) | Net unrealized
appreciation/
(depreciation) |
| Multifactor Consumer Discretionary ETF | $37,635,326 | $12,717,501 | $(540,232) | $12,177,269 |
| Multifactor Consumer Staples ETF | 19,353,113 | 2,952,695 | (291,672) | 2,661,023 |
| Multifactor Developed International ETF | 409,942,863 | 98,896,680 | (17,809,264) | 81,087,416 |
| Multifactor Emerging Markets ETF | 586,888,773 | 187,594,278 | (36,293,631) | 151,300,647 |
| Multifactor Energy ETF | 21,565,615 | 1,106,432 | (2,086,307) | (979,875) |
| Multifactor Financials ETF | 29,876,324 | 7,650,987 | (207,204) | 7,443,783 |
| Multifactor Healthcare ETF | 41,457,377 | 11,230,735 | (685,633) | 10,545,102 |
| Multifactor Industrials ETF | 40,161,182 | 11,094,937 | (249,064) | 10,845,873 |
| Multifactor Large Cap ETF | 547,323,724 | 176,334,160 | (17,661,289) | 158,672,871 |
| Multifactor Materials ETF | 19,936,395 | 7,306,815 | — | 7,306,815 |
| Multifactor Media and Communications ETF | 25,212,528 | 6,532,715 | (475,958) | 6,056,757 |
| Multifactor Mid Cap ETF | 1,624,102,878 | 564,584,117 | (21,542,248) | 543,041,869 |
| Multifactor Small Cap ETF | 337,862,636 | 96,196,738 | (6,665,405) | 89,531,333 |
| Multifactor Technology ETF | 39,321,685 | 17,854,883 | (226,238) | 17,628,645 |
| Multifactor Utilities ETF | 17,266,599 | 1,023,747 | (895,238) | 128,509 |
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The funds generally declare and pay dividends at least semiannually from net investment income, if any. Capital gain distributions, if any, are typically distributed annually.
The tax character of distributions for the year ended April 30, 2021 was as follows:
| Fund | Ordinary
Income |
| Multifactor Consumer Discretionary ETF | $247,807 |
| Multifactor Consumer Staples ETF | 558,496 |
| Multifactor Developed International ETF | 9,397,948 |
| Multifactor Emerging Markets ETF | 13,029,002 |
| Multifactor Energy ETF | 500,319 |
| Multifactor Financials ETF | 551,255 |
| Multifactor Healthcare ETF | 1,198,927 |
| Multifactor Industrials ETF | 366,029 |
| Multifactor Large Cap ETF | 15,992,156 |
| Multifactor Materials ETF | 388,841 |
| Multifactor Media and Communications ETF | 245,994 |
| Multifactor Mid Cap ETF | 19,552,628 |
| Multifactor Small Cap ETF | 6,392,741 |
| Multifactor Technology ETF | 476,955 |
| Multifactor Utilities ETF | 763,275 |
The tax character of distributions for the year ended April 30, 2020 was as follows:
| Fund | Ordinary
Income |
| Multifactor Consumer Discretionary ETF | $485,939 |
| Multifactor Consumer Staples ETF | 655,650 |
| 108 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
| Fund | Ordinary
Income |
| Multifactor Developed International ETF | $16,526,310 |
| Multifactor Emerging Markets ETF | 19,729,767 |
| Multifactor Energy ETF | 1,221,422 |
| Multifactor Financials ETF | 867,642 |
| Multifactor Healthcare ETF | 1,306,455 |
| Multifactor Industrials ETF | 372,367 |
| Multifactor Large Cap ETF | 16,652,227 |
| Multifactor Materials ETF | 400,889 |
| Multifactor Media and Communications ETF | 159,184 |
| Multifactor Mid Cap ETF | 14,393,874 |
| Multifactor Small Cap ETF | 5,745,267 |
| Multifactor Technology ETF | 628,863 |
| Multifactor Utilities ETF | 922,136 |
As of April 30, 2021, the components of distributable earnings on a tax basis were as follows:
| Fund | Undistributed
Ordinary Income |
| Multifactor Consumer Discretionary ETF | $25,669 |
| Multifactor Consumer Staples ETF | 135,637 |
| Multifactor Developed International ETF | 5,848,986 |
| Multifactor Emerging Markets ETF | 3,725,827 |
| Multifactor Energy ETF | 122,260 |
| Multifactor Financials ETF | 159,500 |
| Multifactor Healthcare ETF | 104,339 |
| Multifactor Industrials ETF | 93,862 |
| Multifactor Large Cap ETF | 2,434,792 |
| Multifactor Materials ETF | 97,430 |
| Multifactor Media and Communications ETF | 94,697 |
| Multifactor Mid Cap ETF | 2,865,821 |
| Multifactor Small Cap ETF | 1,404,006 |
| Multifactor Technology ETF | 105,608 |
| Multifactor Utilities ETF | 105,244 |
Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the funds' financial statements as a return of capital.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals, redemptions-in-kind and investments in passive foreign investment companies.
Note 3—Derivative instruments
The funds may invest in derivatives in order to meet their investment objective. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the funds are exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.
Certain derivatives are traded or cleared on an exchange or central clearinghouse. Exchange-traded or centrally-cleared transactions generally present less counterparty risk to a fund than OTC transactions. The exchange or clearinghouse stands between the funds and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.
Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Futures are traded on an exchange and cleared through a central clearinghouse. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to movements in the underlying financial instrument and potential losses in excess of the amounts recognized on the Statements of assets and liabilities. Use of long futures contracts subjects the funds to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the funds to unlimited risk of loss.
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 109 |
Upon entering into a futures contract, the fund is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is set by the broker and is generally based on a percentage of the contract value. The margin deposit must then be maintained at the established level over the life of the contract. Cash that has been pledged by a fund is detailed in the Statements of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the funds, if any, are identified in the Funds' investments. Subsequent payments, referred to as variation margin, are made or received by a fund periodically and are based on changes in the market value of open futures contracts. Futures contracts are marked-to-market daily and unrealized gain or loss is recorded by the fund. Receivable/Payable for futures variation margin is included in the Statements of assets and liabilities. When the contract is closed, a fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
The following table details how the funds used futures contracts during the year ended April 30, 2021. In addition, the table summarizes the range of notional contract amounts held by the funds, as measured at each quarter end:
| Fund | Reason | USD Notional range |
| Multifactor Consumer Discretionary ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $166,000, as measured during the period |
| Multifactor Consumer Staples ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $35,000, as measured during the period |
| Multifactor Developed International ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $28.2 million, as measured during the period |
| Multifactor Emerging Markets ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $27.6 million, as measured during the period |
| Multifactor Energy ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $371,000 |
| Multifactor Financials ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $76,000, as measured during the period |
| Multifactor Healthcare ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $130,000 |
| Multifactor Industrials ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $39,000, as measured during the period |
| Multifactor Large Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $290,000 |
| Multifactor Materials ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $57,000, as measured during the period |
| Multifactor Media and Communications ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $15,000 |
| Multifactor Mid Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $2.3 million |
| Multifactor Small Cap ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $1.9 million, as measured during the period |
| Multifactor Technology ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $124,000, as measured during the period |
| Multifactor Utilities ETF | The fund used futures contracts to gain exposure to certain securities markets and manage against changes in certain securities markets. As of April 30, 2021, there were no open futures contracts. | Up to $118,000, as measured during the period |
| 110 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
Effect of derivative instruments on the Statements of operations
The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended April 30, 2021:
| | | Statements of operations location - Net realized gain (loss) on: |
| Fund | Risk | Futures contracts |
| Multifactor Consumer Discretionary ETF | Equity | $496 |
| Multifactor Consumer Staples ETF | Equity | $434 |
| Multifactor Developed International ETF | Equity | $224,994 |
| Multifactor Emerging Markets ETF | Equity | $382,564 |
| Multifactor Energy ETF | Equity | $9,488 |
| Multifactor Financials ETF | Equity | $2,220 |
| Multifactor Healthcare ETF | Equity | $(2,748) |
| Multifactor Industrials ETF | Equity | $895 |
| Multifactor Large Cap ETF | Equity | $137,631 |
| Multifactor Materials ETF | Equity | $1,864 |
| Multifactor Media and Communications ETF | Equity | $477 |
| Multifactor Mid Cap ETF | Equity | $115,428 |
| Multifactor Small Cap ETF | Equity | $97,134 |
| Multifactor Technology ETF | Equity | $1,885 |
| Multifactor Utilities ETF | Equity | $8,606 |
The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended April 30, 2021:
| | | Statements of operations location - Change in net unrealized appreciation (depreciation) of: |
| Fund | Risk | Futures contracts |
| Multifactor Large Cap ETF | Equity | $(54,691) |
| | Total | $(54,691) |
| Multifactor Media and Communications ETF | Equity | $(400) |
| | Total | $(400) |
Note 4—Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the funds. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 5—Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the funds. The Advisor is an indirect, principally owned subsidiary of Manulife Financial Corporation (MFC).
Management fee. The funds have an investment management agreement with the Advisor under which each fund pays a monthly management fee to the Advisor equivalent on an annual basis as detailed below. The Advisor has a subadvisory agreement with Dimensional Fund Advisors LP. The funds are not responsible for payment of the subadvisory fees.
The management fee structure is as follows:
| Fund | Average daily net assets |
| Multifactor Consumer Discretionary ETF | 0.380% |
| Multifactor Consumer Staples ETF | 0.380% |
| Multifactor Developed International ETF | 0.350% |
| Multifactor Emerging Markets ETF | 0.440% |
| Multifactor Energy ETF | 0.380% |
| Multifactor Financials ETF | 0.380% |
| Fund | Average daily net assets |
| Multifactor Healthcare ETF | 0.380% |
| Multifactor Industrials ETF | 0.380% |
| Multifactor Large Cap ETF | 0.260% |
| Multifactor Materials ETF | 0.380% |
| Multifactor Media and Communications ETF | 0.380% |
| Multifactor Mid Cap ETF | 0.370% |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 111 |
| Fund | Average daily net assets |
| Multifactor Small Cap ETF | 0.390% |
| Multifactor Technology ETF | 0.380% |
| Fund | Average daily net assets |
| Multifactor Utilities ETF | 0.380% |
The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended April 30, 2021, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The Advisor has contractually agreed to reduce its management fee or, if necessary, make a payment to each fund, in an amount equal to the amount by which expenses of the fund exceed the following:
| Fund | Expense
limitation as a
percentage of
average net
assets |
| Multifactor Consumer Discretionary ETF | 0.40% |
| Multifactor Consumer Staples ETF | 0.40% |
| Multifactor Developed International ETF | 0.39% |
| Multifactor Emerging Markets ETF | 0.49% |
| Multifactor Energy ETF | 0.40% |
| Multifactor Financials ETF | 0.40% |
| Multifactor Healthcare ETF | 0.40% |
| Multifactor Industrials ETF | 0.40% |
| Fund | Expense
limitation as a
percentage of
average net
assets |
| Multifactor Large Cap ETF | 0.29% |
| Multifactor Materials ETF | 0.40% |
| Multifactor Media and Communications ETF | 0.40% |
| Multifactor Mid Cap ETF | 0.42% |
| Multifactor Small Cap ETF | 0.42% |
| Multifactor Technology ETF | 0.40% |
| Multifactor Utilities ETF | 0.40% |
Expenses means all the expenses of the funds, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the funds’ business, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. The funds' expense limitation agreement expires on August 31, 2021, unless renewed by mutual agreement of the funds and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The expense reductions described above amount to the following for the year ended April 30, 2021.
| Fund | Expense reimbursement |
| Multifactor Consumer Discretionary ETF | $124,295 |
| Multifactor Consumer Staples ETF | 122,235 |
| Multifactor Developed International ETF | 175,992 |
| Multifactor Emerging Markets ETF | 395,103 |
| Multifactor Energy ETF | 120,793 |
| Multifactor Financials ETF | 121,855 |
| Multifactor Healthcare ETF | 125,848 |
| Multifactor Industrials ETF | 122,242 |
| Fund | Expense reimbursement |
| Multifactor Large Cap ETF | $204,474 |
| Multifactor Materials ETF | 120,239 |
| Multifactor Media and Communications ETF | 104,353 |
| Multifactor Mid Cap ETF | 133,820 |
| Multifactor Small Cap ETF | 148,768 |
| Multifactor Technology ETF | 124,271 |
| Multifactor Utilities ETF | 121,321 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended April 30, 2021, were equivalent to a net annual effective rate of the funds' average daily net assets:
| Fund | Net Annual Effective Rate |
| Multifactor Consumer Discretionary ETF | 0.07% |
| Multifactor Consumer Staples ETF | 0.00% |
| Multifactor Developed International ETF | 0.31% |
| Multifactor Emerging Markets ETF | 0.38% |
| Multifactor Energy ETF | 0.00% |
| Multifactor Financials ETF | 0.00% |
| Multifactor Healthcare ETF | 0.11% |
| Multifactor Industrials ETF | 0.05% |
| Fund | Net Annual Effective Rate |
| Multifactor Large Cap ETF | 0.24% |
| Multifactor Materials ETF | 0.00% |
| Multifactor Media and Communications ETF | 0.01% |
| Multifactor Mid Cap ETF | 0.36% |
| Multifactor Small Cap ETF | 0.36% |
| Multifactor Technology ETF | 0.11% |
| Multifactor Utilities ETF | 0.00% |
| 112 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
Accounting and legal services. Pursuant to a service agreement, the funds reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the funds, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These accounting and legal services fees incurred, for the year ended April 30, 2021, amounted to an annual rate of 0.02% of the funds' average daily net assets.
Trustee expenses. The funds compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each fund based on their net assets relative to other funds within the John Hancock group of funds complex.
Note 6—Capital share transactions
Each fund will issue and redeem shares only in a large number of specified shares, each called a “creation unit,” or multiples thereof. Multifactor Large Cap ETF, Multifactor Mid Cap ETF, and Multifactor Small Cap ETF issue and redeem shares at NAV in creation units of 25,000 shares. Multifactor Consumer Discretionary ETF, Multifactor Consumer Staples ETF, Multifactor Energy ETF, Multifactor Financials ETF, Multifactor Healthcare ETF, Multifactor Industrials ETF, Multifactor Materials ETF, Multifactor Media and Communications ETF, Multifactor Technology ETF, and Multifactor Utilities ETF issue and redeem shares at NAV in creation units of 10,000 shares. Multifactor Developed International ETF and Multifactor Emerging Markets ETF issue and redeem shares at NAV in creation units of 100,000 shares.
Only authorized participants may engage in creation or redemption transactions directly with the funds. Such transactions generally take place when an authorized participant deposits into a fund a designated portfolio of securities (including any portion of such securities for which cash may be substituted) and a specified amount of cash approximating the holdings of the fund in exchange for a specified number of creation units. Similarly, shares can be redeemed only in creation units, generally for a designated portfolio of securities (including any portion of such securities for which cash may be substituted) held by a fund and a specified amount of cash. For purposes of US GAAP, in-kind redemption transactions are treated as a sale of securities and any resulting gains and losses are recognized based on the market value of the securities on the date of the transfer. Authorized participants pay a transaction fee to the custodian when purchasing and redeeming creation units of the funds. The transaction fee is used to defray the costs associated with the issuance and redemption of creation units. Individual shares of the funds may only be purchased and sold in secondary market transactions through brokers. Secondary market transactions may be subject to brokerage commissions. Shares of the funds are listed and traded on the NYSE Arca, Inc., trade at market prices rather than NAV, and may trade at a price greater than or less than NAV.
Authorized participants transacting in creation or redemption of units for cash may also pay an additional variable charge to compensate the relevant fund for the costs associated with purchasing or selling the applicable securities. For the year ending April 30, 2021, such variable charges were $(4,879) and $275,894 for Multifactor Developed International ETF and Multifactor Emerging Markets ETF, respectively. These charges are included in shares sold or repurchased on the Statements of Changes in Net Assets.
Affiliates of the funds or the Advisor owned the following percentage of shares outstanding on April 30, 2021:
| Fund | % by Fund |
| Multifactor Consumer Discretionary ETF | 62% |
| Multifactor Consumer Staples ETF | 62% |
| Multifactor Energy ETF | 49% |
| Multifactor Industrials ETF | 36% |
| Multifactor Materials ETF | 81% |
| Multifactor Media and Communications ETF | 83% |
| Multifactor Utilities ETF | 70% |
Such concentration of shareholders’ capital could have a material effect on a fund if such shareholders redeem from the fund.
Note 7—Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, are aggregated below for the year ended April 30, 2021. In addition, purchases and sales of in-kind transactions are aggregated below for the year ended April 30, 2021:
| | Purchases | Sales and maturities |
| Fund | In-kind transactions | Other issuers | In-kind transactions | Other issuers |
| Multifactor Consumer Discretionary ETF | $20,044,458 | $6,917,781 | $22,902,123 | $7,310,663 |
| Multifactor Consumer Staples ETF | 5,493,552 | 2,194,035 | 7,592,752 | 2,348,331 |
| Multifactor Developed International ETF | — | 87,121,870 | 148,423,657 | 35,677,685 |
| Multifactor Emerging Markets ETF | 2,250,940 | 171,407,587 | 148,211,796 | 234,704,449 |
| Multifactor Energy ETF | 5,745,876 | 5,689,421 | 4,476,765 | 5,586,132 |
| Multifactor Financials ETF | 5,837,715 | 3,131,553 | 12,282,976 | 3,566,082 |
| Multifactor Healthcare ETF | 12,775,295 | 5,273,277 | 14,538,770 | 5,767,976 |
| Multifactor Industrials ETF | 25,787,013 | 4,892,381 | 14,159,768 | 5,045,843 |
| Multifactor Large Cap ETF | 183,761,347 | 54,629,863 | 604,189,618 | 58,423,440 |
| Multifactor Materials ETF | 3,963,752 | 3,588,777 | 5,591,958 | 3,663,407 |
| Multifactor Media and Communications ETF | 11,312,808 | 5,670,283 | 14,465,312 | 5,930,315 |
| Multifactor Mid Cap ETF | 431,140,041 | 334,387,554 | 356,721,893 | 375,531,188 |
| Multifactor Small Cap ETF | 86,145,849 | 268,224,699 | 355,039,448 | 283,313,246 |
| Multifactor Technology ETF | 14,154,955 | 5,663,674 | 14,077,753 | 6,065,231 |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 113 |
| | Purchases | Sales and maturities |
| Fund | In-kind transactions | Other issuers | In-kind transactions | Other issuers |
| Multifactor Utilities ETF | — | $3,820,985 | $10,752,241 | $3,849,428 |
Note 8—Industry or sector risk
Certain funds generally invest a large percentage of their assets in one or more particular industries or sectors of the economy. If a large percentage of a fund's assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund’s NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors. Financial services companies can be hurt by economic declines, changes in interest rates, and regulatory and market impacts.
Note 9—Investment by affiliated funds
Certain investors in the funds are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the funds for the purpose of exercising management or control; however, this investment may represent a significant portion of the funds' net assets. At April 30, 2021, funds within the John Hancock group of funds complex had the following affiliate ownership as a percentage of the funds’ net assets (funds with an affiliate ownership of 5% or more are disclosed separately):
| Fund | Affiliated fund | Affiliated Concentration |
| Multifactor Developed International ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 48.53% |
| | John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 21.95% |
| | Other affiliated funds | 3.33% |
| | Total | 73.81% |
| Multifactor Emerging Markets ETF | John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 27.88% |
| | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 21.35% |
| | John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 16.33% |
| | John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 10.95% |
| | John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 10.30% |
| | Other affiliated funds | 5.72% |
| | Total | 92.53% |
| Multifactor Mid Cap ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 8.01% |
| | Other affiliated funds | 5.70% |
| | Total | 13.71% |
| Multifactor Small Cap ETF | John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 37.84% |
| | John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 17.95% |
| | Other affiliated funds | 4.62% |
| | Total | 60.41% |
Note 10—Investment in affiliated underlying funds
The funds may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the funds’ fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the funds, if any, is as follows:
| | | | | | | | Dividends and distributions |
| Affiliate | Ending
share
amount | Beginning
value | Cost of
purchases | Proceeds
from shares
sold | Realized
gain
(loss) | Change in
unrealized
appreciation
(depreciation) | Income
distributions
received | Capital gain
distributions
received | Ending
value |
| Multifactor Consumer Discretionary ETF |
| John Hancock Collateral Trust* | 6,737 | $645,028 | $5,539,729 | $(6,117,483) | $309 | $(179) | $3,004 | — | $67,404 |
| Multifactor Consumer Staples ETF |
| John Hancock Collateral Trust* | 13,330 | — | $1,518,938 | $(1,385,553) | $(19) | $(8) | $294 | — | $133,358 |
| Multifactor Developed International ETF |
| John Hancock Collateral Trust* | 983,528 | $10,542,966 | $70,443,725 | $(71,146,692) | $3,194 | $(3,386) | $67,319 | — | $9,839,807 |
| 114 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
| | | | | | | | Dividends and distributions |
| Affiliate | Ending
share
amount | Beginning
value | Cost of
purchases | Proceeds
from shares
sold | Realized
gain
(loss) | Change in
unrealized
appreciation
(depreciation) | Income
distributions
received | Capital gain
distributions
received | Ending
value |
| Multifactor Emerging Markets ETF |
| John Hancock Collateral Trust* | 116,460 | $6,738,757 | $32,732,567 | $(38,305,770) | $2,291 | $(2,705) | $64,416 | — | $1,165,140 |
| Multifactor Energy ETF |
| John Hancock Collateral Trust* | — | $59,622 | $537,627 | $(597,252) | $17 | $(14) | $445 | — | — |
| Multifactor Financials ETF |
| John Hancock Collateral Trust* | 1,700 | $35,481 | $545,287 | $(563,737) | $(14) | $(8) | $612 | — | $17,009 |
| Multifactor Healthcare ETF |
| John Hancock Collateral Trust* | — | $183,786 | $2,589,918 | $(2,773,635) | $(7) | $(62) | $755 | — | — |
| Multifactor Industrials ETF |
| John Hancock Collateral Trust* | 290 | $95,357 | $1,049,918 | $(1,142,359) | $2 | $(20) | $1,304 | — | $2,898 |
| Multifactor Large Cap ETF |
| John Hancock Collateral Trust* | 37,519 | $1,882,757 | $21,915,291 | $(23,422,434) | $723 | $(978) | $24,356 | — | $375,359 |
| Multifactor Materials ETF |
| John Hancock Collateral Trust* | — | — | $951,562 | $(951,474) | $(88) | — | $4,280 | — | — |
| Multifactor Media and Communications ETF |
| John Hancock Collateral Trust* | — | $150,711 | $4,842,042 | $(4,992,785) | $61 | $(29) | $5,522 | — | — |
| Multifactor Mid Cap ETF |
| John Hancock Collateral Trust* | 352,020 | $9,727,116 | $96,840,197 | $(103,043,185) | $1,388 | $(3,692) | $100,794 | — | $3,521,824 |
| Multifactor Small Cap ETF |
| John Hancock Collateral Trust* | 91,985 | $12,670,705 | $109,493,465 | $(121,241,427) | $3,017 | $(5,491) | $57,371 | — | $920,269 |
| Multifactor Technology ETF |
| John Hancock Collateral Trust* | 6,080 | $149,493 | $4,373,433 | $(4,461,988) | $(64) | $(43) | $839 | — | $60,831 |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 115 |
Note 11—Coronavirus (COVID-19) pandemic
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.
| 116 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
| To the Board of Trustees of John Hancock Exchange-Traded Fund Trust and Shareholders of Multifactor Consumer Discretionary ETF, Multifactor Consumer Staples ETF, Multifactor Developed International ETF, Multifactor Emerging Markets ETF, Multifactor Energy ETF, Multifactor Financials ETF, Multifactor Healthcare ETF, Multifactor Industrials ETF, Multifactor Large Cap ETF, Multifactor Materials ETF, Multifactor Media and Communications ETF, Multifactor Mid Cap ETF, Multifactor Small Cap ETF, Multifactor Technology ETF, and Multifactor Utilities ETF |
| Opinions on the Financial Statements | | | |
| We have audited the accompanying statements of assets and liabilities, including the funds’ investments, of each of the funds listed in the table below (15 of the funds constituting John Hancock Exchange-Traded Fund Trust, hereafter collectively referred to as the “Funds”) as of April 30, 2021, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of April 30, 2021, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America. |
Individual fund comprising the
John Hancock Exchange-Traded Fund Trust | Statement of
operations | Statements of
changes in net assets | Financial Highlights |
Multifactor Consumer Discretionary ETF
Multifactor Financials ETF
Multifactor Healthcare ETF
Multifactor Large Cap ETF
Multifactor Mid Cap ETF
Multifactor Technology ETF
Multifactor Consumer Staples ETF
Multifactor Energy ETF
Multifactor Industrials ETF
Multifactor Materials ETF
Multifactor Utilities ETF | For the year ended April 30, 2021 | For the years ended April 30, 2021 and 2020 | For the years ended April 30, 2021, 2020, 2019, 2018, and 2017 |
| Multifactor Developed International ETF | For the year ended April 30, 2021 | For the years ended April 30, 2021 and 2020 | For the years ended April 30, 2021, 2020, 2019, 2018, and for the period December 15, 2016 (commencement of operations) through April 30, 2017 |
| Multifactor Small Cap ETF | For the year ended April 30, 2021 | For the years ended April 30, 2021 and 2020 | For the years ended April 30, 2021, 2020, 2019, and for the period November 8, 2017 (commencement of operations) through April 30, 2018 |
| Multifactor Emerging Markets ETF | For the year ended April 30, 2021 | For the years ended April 30, 2021 and 2020 | For the year ended April 30, 2021, 2020, and for the period September 27, 2018 (commencement of operations) through April 30, 2019 |
| Multifactor Media and Communications ETF | For the year ended April 30, 2021 | For the years ended April 30, 2021 and 2020 | For the year ended April 30, 2021, 2020, and for the period March 12, 2019 (commencement of operations) through April 30, 2019 |
| Basis for Opinions | | | |
| These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. |
| We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 117 |
| Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of April 30, 2021 by correspondence with the custodian, transfer agents and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions. |
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 7, 2021 | | | |
| We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988. |
| 118 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
Tax information (Unaudited)
For federal income tax purposes, the following information is furnished with respect to the distributions of the funds, if any, paid during its taxable year ended April 30, 2021.
Each fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.
Each fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Each fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).
| Fund | Foreign sourced income | Foreign tax credit |
| Multifactor Developed International ETF | $14,058,594 | $1,019,967 |
| Multifactor Emerging Markets ETF | 19,889,188 | 3,137,738 |
Eligible shareholders will be mailed a 2021 Form 1099-DIV in early 2022. This will reflect the tax character of all distributions paid in calendar year 2021.
Please consult a tax advisor regarding the tax consequences of your investment in the fund.
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 119 |
STATEMENT REGARDING LIQUIDITY RISK MANAGEMENT
Operation of the Liquidity Risk Management Program
This section describes operation and effectiveness of the Liquidity Risk Management Program (LRMP) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the Liquidity Rule). The Board of Trustees (the Board) of each Fund in the John Hancock Group of Funds (each a Fund and collectively, the Funds) that is subject to the requirements of the Liquidity Rule has appointed John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (together, the Advisor) to serve as Administrator of the LRMP with respect to each of the Funds, including John Hancock Multifactor Consumer Discretionary ETF, John Hancock Multifactor Consumer Staples ETF, John Hancock Multifactor Developed International ETF, John Hancock Multifactor Emerging Markets ETF, John Hancock Multifactor Energy ETF, John Hancock Multifactor Financials ETF, John Hancock Multifactor Healthcare ETF, John Hancock Multifactor Industrials ETF, John Hancock Multifactor Large Cap ETF, John Hancock Multifactor Materials ETF, John Hancock Multifactor Media and Communications ETF, John Hancock Multifactor Mid Cap ETF, John Hancock Multifactor Small Cap ETF, John Hancock Multifactor Technology ETF, and John Hancock Multifactor Utilities ETF, subject to the oversight of the Board. In order to provide a mechanism and process to perform the functions necessary to administer the LRMP, the Advisor established the Liquidity Risk Management Committee (the Committee). The Funds' subadvisor(s), Dimensional Fund Advisors LP (the Subadvisor) executes the day-to-day investment management and security-level activities of the Fund in accordance with the requirements of the LRMP, subject to the supervision of the Advisor and the Board.
The Committee holds monthly meetings to: (1) review the day-to-day operations of the LRMP; (2) review and approve month end liquidity classifications; (3) review quarterly testing and determinations, as applicable; and (4) review other LRMP related material. The Advisor also conducts daily, monthly, quarterly, and annual quantitative and qualitative assessments of each subadvisor to a Fund that is subject to the requirements of the Liquidity Rule and is a part of the LRMP to monitor investment performance issues, risks and trends. In addition, the Advisor may conduct ad-hoc reviews and meetings with subadvisors as issues and trends are identified, including potential liquidity and valuation issues. The Committee also monitors global events, such as the COVID-19 Coronavirus, that could impact the markets and liquidity of portfolio investments and their classifications.
The Committee provided the Board at a meeting held by videoconference on March 23-25, 2021 with a written report which addressed the Committee’s assessment of the adequacy and effectiveness of the implementation and operation of the LRMP and any material changes to the LRMP. The report, which covered the period January 1, 2020 through December 31, 2020, included an assessment of important aspects of the LRMP including, but not limited to: (1) Highly Liquid Investment Minimum (HLIM) determination; (2) Compliance with the 15% limit on illiquid investments; (3) Reasonably Anticipated Trade Size (RATS) determination; (4) Security-level liquidity classifications; (5) Liquidity risk assessment; and (6) Operation of the Fund’s Redemption-In-Kind Procedures. Additionally, the report included a discussion of notable changes and enhancements to the LRMP implemented during 2020.
The report also covered material liquidity matters which occurred or were reported during this period applicable to the Fund, if any, and the Committee’s actions to address such matters.
The report stated, in relevant part, that during the period covered by the report:
| • | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
| • | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
| • | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
| • | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
| • | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
Adequacy and Effectiveness
Based on the review and assessment conducted by the Committee, the Committee has determined that the LRMP has been implemented, and is operating in a manner that is adequate and effective at assessing and managing the liquidity risk of each Fund.
| 120 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.
| Independent Trustees | | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years | Trustee
of the
Trust
since1 | Number of John
Hancock funds
overseen by
Trustee |
| Hassell H. McClellan, Born: 1945 | 2015 | 191 |
| Trustee and Chairperson of the Board | | |
| Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. |
| Charles L. Bardelis,2 Born: 1941 | 2015 | 191 |
| Trustee | | |
| Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). |
| James R. Boyle, Born: 1959 | 2015 | 191 |
| Trustee | | |
| Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). |
| Peter S. Burgess,2 Born: 1942 | 2015 | 191 |
| Trustee | | |
| Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). |
| William H. Cunningham, Born: 1944 | 2015 | 191 |
| Trustee | | |
| Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). |
| Grace K. Fey, Born: 1946 | 2015 | 191 |
| Trustee | | |
| Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| Deborah C. Jackson, Born: 1952 | 2015 | 191 |
| Trustee | | |
| President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| Steven R. Pruchansky, Born: 1944 | 2015 | 191 |
| Trustee and Vice Chairperson of the Board | | |
| Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 121 |
| Independent Trustees (continued) | | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years | Trustee
of the
Trust
since1 | Number of John
Hancock funds
overseen by
Trustee |
| Frances G. Rathke,2,* Born: 1960 | 2020 | 191 |
| Trustee | | |
| Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). |
| Gregory A. Russo, Born: 1949 | 2015 | 191 |
| Trustee | | |
| Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| Non-Independent Trustees3 | | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years | Trustee
of the
Trust
since1 | Number of John
Hancock funds
overseen by
Trustee |
| Andrew G. Arnott, Born: 1971 | 2017 | 191 |
| President and Non-Independent Trustee | | |
| Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). |
| Marianne Harrison, Born: 1963 | 2018 | 191 |
| Non-Independent Trustee | | |
| President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
| Principal officers who are not Trustees | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s)
during past 5 years | Current
Position(s)
with the
Trust
since |
| Charles A. Rizzo, Born: 1957 | 2015 |
| Chief Financial Officer | |
| Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). |
| Salvatore Schiavone, Born: 1965 | 2015 |
| Treasurer | |
| Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). |
| 122 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
| Principal officers who are not Trustees (continued) | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s)
during past 5 years | Current
Position(s)
with the
Trust
since |
| Christopher (Kit) Sechler, Born: 1973 | 2018 |
| Secretary and Chief Legal Officer | |
| Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
| Trevor Swanberg, Born: 1979 | 2020 |
| Chief Compliance Officer | |
| Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.
The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-6020.
| 1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. |
| 2 | Member of the Audit Committee. |
| 3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
| * | Appointed as Independent Trustee effective as of September 15, 2020. |
| | ANNUAL REPORT | JOHN HANCOCK MULTIFACTOR ETFS | 123 |
Trustees
Hassell H. McClellan, Chairperson
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
Officers
Andrew G. Arnott
President
Charles A. Rizzo
Chief Financial Officer
Salvatore Schiavone
Treasurer
Christopher (Kit) Sechler
Secretary and Chief Legal Officer
Trevor Swanberg2
Chief Compliance Officer
* Member of the Audit Committee
† Non-Independent Trustee
1 Appointed as Independent Trustee effective as of September 15, 2020
2 Effective July 31, 2020
Investment advisor
John Hancock Investment Management LLC
Subadvisor
Dimensional Fund Advisors LP
Portfolio Managers
Joseph F. Hohn
Joel P. Schneider
Andres Torres
Principal distributor
Foreside Fund Services, LLC
Custodian
State Street Bank and Trust Company
Transfer agent
State Street Bank and Trust Company
Legal counsel
Dechert LLP
Independent registered public accounting firm
PricewaterhouseCoopers LLP
The funds’ proxy voting policies and procedures, as well as the funds’ proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
All of the funds’ holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The funds’ Form N-PORT filings are available on our website and the SEC’s website, sec.gov.
We make this information on your funds’, as well as monthly portfolio holdings, and other funds’ details available on our website at jhinvestments.com/etf or by calling 800-225-6020.
| You can also contact us: | |
| 800-225-6020 | Regular mail: |
| jhinvestments.com/etf | John Hancock Investment Management
200 Berkeley Street
Boston, MA 02116 |
| 124 | JOHN HANCOCK MULTIFACTOR ETFS | ANNUAL REPORT | |
John Hancock family of funds
U.S. EQUITY FUNDS
Blue Chip Growth
Classic Value
Disciplined Value
Disciplined Value Mid Cap
Equity Income
Financial Industries
Fundamental All Cap Core
Fundamental Large Cap Core
New Opportunities
Regional Bank
Small Cap Core
Small Cap Growth
Small Cap Value
U.S. Global Leaders Growth
U.S. Growth
INTERNATIONAL EQUITY FUNDS
Disciplined Value International
Emerging Markets
Emerging Markets Equity
Fundamental Global Franchise
Global Equity
Global Shareholder Yield
Global Thematic Opportunities
International Dynamic Growth
International Growth
International Small Company
FIXED-INCOME FUNDS
Bond
California Tax-Free Income
Emerging Markets Debt
Floating Rate Income
Government Income
High Yield
High Yield Municipal Bond
Income
Investment Grade Bond
Money Market
Short Duration Bond
Short Duration Credit Opportunities
Strategic Income Opportunities
Tax-Free Bond
ALTERNATIVE FUNDS
Absolute Return Currency
Alternative Asset Allocation
Diversified Macro
Infrastructure
Multi-Asset Absolute Return
Real Estate Securities
Seaport Long/Short
A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investments at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
ASSET ALLOCATION/TARGET DATE FUNDS
Balanced
Multi-Asset High Income
Multi-Index Lifetime Portfolios
Multi-Index Preservation Portfolios
Multimanager Lifestyle Portfolios
Multimanager Lifetime Portfolios
Retirement Income 2040
EXCHANGE-TRADED FUNDS
John Hancock Corporate Bond ETF
John Hancock Multifactor Consumer Discretionary ETF
John Hancock Multifactor Consumer Staples ETF
John Hancock Multifactor Developed International ETF
John Hancock Multifactor Emerging Markets ETF
John Hancock Multifactor Energy ETF
John Hancock Multifactor Financials ETF
John Hancock Multifactor Healthcare ETF
John Hancock Multifactor Industrials ETF
John Hancock Multifactor Large Cap ETF
John Hancock Multifactor Materials ETF
John Hancock Multifactor Media and
Communications ETF
John Hancock Multifactor Mid Cap ETF
John Hancock Multifactor Small Cap ETF
John Hancock Multifactor Technology ETF
John Hancock Multifactor Utilities ETF
ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS
ESG Core Bond
ESG International Equity
ESG Large Cap Core
CLOSED-END FUNDS
Financial Opportunities
Hedged Equity & Income
Income Securities Trust
Investors Trust
Preferred Income
Preferred Income II
Preferred Income III
Premium Dividend
Tax-Advantaged Dividend Income
Tax-Advantaged Global Shareholder Yield
John Hancock ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.
A trusted brand
John Hancock Investment Management is a premier asset manager
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
A better way to invest
We serve investors globally through a unique multimanager approach:
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
Results for investors
Our unique approach to asset management enables us to provide
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.
John Hancock Investment Management LLC, 200 Berkeley Street, Boston, MA 02116, 800-225-6020, jhinvestments.com/etf
Manulife Investment Management, the Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
This report is for the information of the shareholders of John Hancock Multifactor ETFs. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
| JHAN-20180615-0136 | ETFA 4/2021 |
6/2021
Annual report
John Hancock
Corporate Bond ETF
ETF
April 30, 2021
A message to shareholders
Dear shareholder,
While the stock market rebounded from the multiple challenges faced in 2020 to post gains for the 12 months ended April 30, 2021, the results in the bond market have been much more mixed. Overall, the bond markets saw a sharp increase in yields and a steeper yield curve during the period. The generally positive news flow pressured U.S. Treasuries by raising the prospect of inflation and causing investors to question whether the U.S. Federal Reserve would need to begin hiking interest rates sooner than expected. The credit-oriented segments of the market—including investment-grade and high-yield corporate bonds—outperformed government issues. Both categories were helped by the improving outlook for economic growth and corporate earnings, as well as investors’ elevated demand for yield.
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
Corporate Bond ETF
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 1 |
SECTOR COMPOSITION AS OF 4/30/2021 (% of net assets)
QUALITY COMPOSITION AS OF 4/30/2021 (% of net assets)
Ratings are from Moody’s Investors Service, Inc. If not available, we have used Standard & Poor’s Ratings Services. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 4-30-21 and do not reflect subsequent downgrades or upgrades, if any.
| 2 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
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 in the table on the following page 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 March 30, 2021, with the same investment held until April 30, 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 April 30, 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 in the table on the following page 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, 2020, with the same investment held until April 30, 2021. Look in any other fund shareholder report to find its hypothetical example and you will be
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 3 |
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
11-1-2020 | Ending
value on
4-30-2021 | Expenses
paid during
4-30-20211 | Annualized
expense
ratio |
| Actual expenses/actual returns2 | $1,000.00 | $1,011.00 | $0.25 | 0.29% |
| Hypothetical example for comparison purposes | 1,000.00 | 1,023.40 | 1.45 | 0.29% |
| | |
| 1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
| 2 | The inception date for fund is 03-30-21. Actual Expenses are equal to the fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 31/ 365 (to reflect the period). |
| 4 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
AS OF 4-30-21
| | Rate (%) | Maturity date | | Par value^ | Value |
| Corporate bonds 98.6% | | | $19,904,699 |
| (Cost $19,724,139) | | | | | |
| Communication services 11.3% | | | 2,277,513 |
| Diversified telecommunication services 4.1% | | | |
| AT&T, Inc. | 3.100 | 02-01-43 | | 330,000 | 305,276 |
| Level 3 Financing, Inc. (A) | 3.400 | 03-01-27 | | 200,000 | 212,250 |
| Verizon Communications, Inc. | 2.650 | 11-20-40 | | 330,000 | 305,733 |
| Entertainment 1.0% | | | |
| The Walt Disney Company | 1.750 | 01-13-26 | | 200,000 | 205,609 |
| Media 4.2% | | | |
| Charter Communications Operating LLC | 3.500 | 06-01-41 | | 420,000 | 404,022 |
| Comcast Corp. | 3.750 | 04-01-40 | | 400,000 | 441,294 |
| Wireless telecommunication services 2.0% | | | |
| T-Mobile USA, Inc. (A) | 2.550 | 02-15-31 | | 410,000 | 403,329 |
| Consumer discretionary 9.7% | | | 1,953,737 |
| Automobiles 2.5% | | | |
| General Motors Financial Company, Inc. | 2.700 | 08-20-27 | | 290,000 | 298,594 |
| Hyundai Capital America (A) | 2.375 | 10-15-27 | | 200,000 | 201,776 |
| Hotels, restaurants and leisure 4.1% | | | |
| Booking Holdings, Inc. | 4.625 | 04-13-30 | | 200,000 | 234,407 |
| Expedia Group, Inc. | 3.250 | 02-15-30 | | 300,000 | 304,540 |
| Marriott International, Inc. | 4.625 | 06-15-30 | | 260,000 | 291,918 |
| Internet and direct marketing retail 2.0% | | | |
| Amazon.com, Inc. | 2.500 | 06-03-50 | | 440,000 | 395,466 |
| Multiline retail 1.1% | | | |
| Dollar Tree, Inc. | 4.200 | 05-15-28 | | 200,000 | 227,036 |
| Consumer staples 1.1% | | | 230,651 |
| Beverages 1.1% | | | |
| Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | | 200,000 | 230,651 |
| Energy 10.2% | | | 2,064,125 |
| Oil, gas and consumable fuels 10.2% | | | |
| Aker BP ASA (A) | 3.750 | 01-15-30 | | 300,000 | 312,277 |
| Cenovus Energy, Inc. | 5.400 | 06-15-47 | | 200,000 | 227,458 |
| Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | | 280,000 | 308,787 |
| Energy Transfer LP | 5.250 | 04-15-29 | | 200,000 | 229,389 |
| Kinder Morgan, Inc. | 3.600 | 02-15-51 | | 200,000 | 191,736 |
| MPLX LP | 4.000 | 03-15-28 | | 270,000 | 298,112 |
| Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | | 270,000 | 299,044 |
| The Williams Companies, Inc. | 2.600 | 03-15-31 | | 200,000 | 197,322 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 5 |
| | Rate (%) | Maturity date | | Par value^ | Value |
| Financials 27.2% | | | $5,493,515 |
| Banks 17.4% | | | |
| Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%) | 2.592 | 04-29-31 | | 490,000 | 493,035 |
| Barclays PLC | 4.375 | 01-12-26 | | 400,000 | 448,447 |
| Citigroup, Inc. (2.976% to 11-5-29, then SOFR + 1.422%) | 2.976 | 11-05-30 | | 400,000 | 416,790 |
| Citizens Financial Group, Inc. | 3.250 | 04-30-30 | | 400,000 | 426,985 |
| JPMorgan Chase & Co. (2.739% to 10-15-29, then SOFR + 1.510%) | 2.739 | 10-15-30 | | 400,000 | 410,363 |
| Lloyds Banking Group PLC | 4.450 | 05-08-25 | | 400,000 | 449,074 |
| Santander Holdings USA, Inc. | 4.400 | 07-13-27 | | 400,000 | 445,441 |
| Wells Fargo & Company (2.879% to 10-30-29, then SOFR + 1.432%) | 2.879 | 10-30-30 | | 400,000 | 415,131 |
| Capital markets 5.5% | | | |
| Ares Capital Corp. | 3.875 | 01-15-26 | | 200,000 | 213,435 |
| Morgan Stanley (3.772% to 1-24-28, then 3 month LIBOR + 1.140%) | 3.772 | 01-24-29 | | 450,000 | 496,755 |
| The Goldman Sachs Group, Inc. (1.431% to 3-9-26, then SOFR + 0.798%) | 1.431 | 03-09-27 | | 400,000 | 398,438 |
| Diversified financial services 1.1% | | | |
| Jefferies Group LLC | 4.150 | 01-23-30 | | 200,000 | 221,323 |
| Insurance 3.2% | | | |
| Brighthouse Financial, Inc. | 3.700 | 06-22-27 | | 200,000 | 216,359 |
| Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) | 5.875 | 09-15-42 | | 200,000 | 211,895 |
| Teachers Insurance & Annuity Association of America (A) | 4.270 | 05-15-47 | | 200,000 | 230,044 |
| Health care 7.9% | | | 1,599,968 |
| Biotechnology 1.0% | | | |
| AbbVie, Inc. | 3.200 | 11-21-29 | | 200,000 | 213,793 |
| Health care providers and services 4.9% | | | |
| AmerisourceBergen Corp. | 3.450 | 12-15-27 | | 200,000 | 219,011 |
| CVS Health Corp. | 3.875 | 07-20-25 | | 320,000 | 354,550 |
| HCA, Inc. | 4.125 | 06-15-29 | | 200,000 | 222,294 |
| Universal Health Services, Inc. (A) | 2.650 | 10-15-30 | | 200,000 | 194,496 |
| Pharmaceuticals 2.0% | | | |
| Royalty Pharma PLC (A) | 1.750 | 09-02-27 | | 200,000 | 197,043 |
| Viatris, Inc. (A) | 4.000 | 06-22-50 | | 200,000 | 198,781 |
| Industrials 4.8% | | | 962,482 |
| Aerospace and defense 1.0% | | | |
| The Boeing Company | 3.750 | 02-01-50 | | 210,000 | 204,400 |
| Airlines 1.1% | | | |
| Delta Air Lines, Inc. (A) | 4.500 | 10-20-25 | | 200,000 | 214,530 |
| 6 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
| | Rate (%) | Maturity date | | Par value^ | Value |
| Industrials (continued) | | | |
| Industrial conglomerates 1.7% | | | |
| General Electric Company | 4.250 | 05-01-40 | | 300,000 | $335,257 |
| Trading companies and distributors 1.0% | | | |
| Air Lease Corp. | 2.875 | 01-15-26 | | 200,000 | 208,295 |
| Information technology 12.4% | | | 2,503,513 |
| IT services 1.0% | | | |
| Visa, Inc. | 2.700 | 04-15-40 | | 200,000 | 198,547 |
| Semiconductors and semiconductor equipment 4.7% | | | |
| Broadcom, Inc. (A) | 2.450 | 02-15-31 | | 210,000 | 200,300 |
| Micron Technology, Inc. | 4.185 | 02-15-27 | | 200,000 | 224,803 |
| NVIDIA Corp. | 2.850 | 04-01-30 | | 300,000 | 318,194 |
| NXP BV (A) | 3.400 | 05-01-30 | | 200,000 | 213,876 |
| Software 3.6% | | | |
| Microsoft Corp. | 2.525 | 06-01-50 | | 430,000 | 400,442 |
| Oracle Corp. | 2.500 | 04-01-25 | | 300,000 | 315,457 |
| Technology hardware, storage and peripherals 3.1% | | | |
| Apple, Inc. | 0.700 | 02-08-26 | | 400,000 | 395,072 |
| Dell International LLC (A) | 5.300 | 10-01-29 | | 200,000 | 236,822 |
| Materials 3.1% | | | 621,824 |
| Chemicals 1.0% | | | |
| Nutrition & Biosciences, Inc. (A) | 1.832 | 10-15-27 | | 200,000 | 197,587 |
| Construction materials 1.1% | | | |
| Vulcan Materials Company | 3.500 | 06-01-30 | | 200,000 | 217,665 |
| Metals and mining 1.0% | | | |
| Newmont Corp. | 2.800 | 10-01-29 | | 200,000 | 206,572 |
| Real estate 5.7% | | | 1,145,045 |
| Equity real estate investment trusts 5.7% | | | |
| American Tower Corp. | 3.800 | 08-15-29 | | 200,000 | 220,124 |
| CyrusOne LP | 2.150 | 11-01-30 | | 210,000 | 196,529 |
| Equinix, Inc. | 1.000 | 09-15-25 | | 200,000 | 197,258 |
| GLP Capital LP | 5.375 | 04-15-26 | | 200,000 | 226,246 |
| Host Hotels & Resorts LP | 3.375 | 12-15-29 | | 300,000 | 304,888 |
| Utilities 5.2% | | | 1,052,326 |
| Electric utilities 4.0% | | | |
| NextEra Energy Capital Holdings, Inc. | 2.750 | 11-01-29 | | 250,000 | 259,916 |
| NRG Energy, Inc. (A) | 4.450 | 06-15-29 | | 270,000 | 295,705 |
| Vistra Operations Company LLC (A) | 4.300 | 07-15-29 | | 250,000 | 262,986 |
| Multi-utilities 1.2% | | | |
| CenterPoint Energy Resources Corp. | 1.750 | 10-01-30 | | 250,000 | 233,719 |
|
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 7 |
| | | Yield (%) | | Shares | Value |
| Short-term investments 0.6% | | | | | $127,584 |
| (Cost $127,584) | | | | | |
| Short-term funds 0.6% | | | | | 127,584 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0259(B) | | 127,584 | 127,584 |
|
| Total investments (Cost $19,851,723) 99.2% | | | $20,032,283 |
| Other assets and liabilities, net 0.8% | | | | 154,005 |
| Total net assets 100.0% | | | | | $20,186,288 |
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| Security Abbreviations and Legend |
| CMT | Constant Maturity Treasury |
| LIBOR | London Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate |
| (A) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $3,571,802 or 17.7% of the fund's net assets as of 4-30-21. |
| (B) | The rate shown is the annualized seven-day yield as of 4-30-21. |
At 4-30-21, the aggregate cost of investments for federal income tax purposes was $19,862,630. Net unrealized appreciation aggregated to $169,653, of which $177,152 related to gross unrealized appreciation and $7,499 related to gross unrealized depreciation.
| 8 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENT OF ASSETS AND LIABILITIES 4-30-21
| Assets | |
| Unaffiliated investments, at value (Cost $19,851,723) | $20,032,283 |
| Interest receivable | 157,831 |
| Receivable from affiliates | 25,781 |
| Other assets | 25,240 |
| Total assets | 20,241,135 |
| Liabilities | |
| Payable to affiliates | |
| Accounting and legal services fees | 348 |
| Other liabilities and accrued expenses | 54,499 |
| Total liabilities | 54,847 |
| Net assets | $20,186,288 |
| Net assets consist of | |
| Paid-in capital | $19,999,684 |
| Total distributable earnings (loss) | 186,604 |
| Net assets | $20,186,288 |
| |
| Net asset value per share | |
| Based on 800,000 shares of beneficial interest outstanding - unlimited number of shares authorized with no par value | $25.23 |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Corporate Bond ETF | 9 |
STATEMENT OF OPERATIONS For the period ended 4-30-211
| Investment income | |
| Interest | $43,828 |
| Expenses | |
| Investment management fees | 3,982 |
| Accounting and legal services fees | 348 |
| Custodian fees | 598 |
| Printing and postage | 2,191 |
| Professional fees | 26,714 |
| Other | 742 |
| Total expenses | 34,575 |
| Less expense reductions | (29,763) |
| Net expenses | 4,812 |
| Net investment income | 39,016 |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| | — |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments | 180,560 |
| | 180,560 |
| Net realized and unrealized gain | 180,560 |
| Increase in net assets from operations | $219,576 |
| 1 Period from 3-30-21 (commencement of operations) to 4-30-21. | |
| 10 | JOHN HANCOCK Corporate Bond ETF | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENT OF CHANGES IN NET ASSETS
| | Period ended
4-30-211 |
| Increase (decrease) in net assets | |
| From operations | |
| Net investment income | $39,016 |
| Change in net unrealized appreciation (depreciation) | 180,560 |
| Increase in net assets resulting from operations | 219,576 |
| Distributions to shareholders | |
| From earnings | (33,288) |
| Total distributions | (33,288) |
| Fund share transactions | |
| Shares issued | 20,000,000 |
| Total increase | 20,186,288 |
| Net assets | |
| Beginning of period | — |
| End of period | $20,186,288 |
| Share activity | |
| Shares outstanding | |
| Shares issued | 800,000 |
| End of period | 800,000 |
| 1 | Period from 3-30-21 (commencement of operations) to 4-30-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Corporate Bond ETF | 11 |
| Period ended | 4-30-211 |
| Per share operating performance | |
| Net asset value, beginning of period | $25.00 |
| Net investment income2 | 0.05 |
| Net realized and unrealized gain (loss) on investments | 0.22 |
| Total from investment operations | 0.27 |
| Less distributions | |
| From net investment income | (0.04) |
| Net asset value, end of period | $25.23 |
| Total return (%)3 | 1.104 |
| Ratios and supplemental data | |
| Net assets, end of period (in millions) | $20 |
| Ratios (as a percentage of average net assets): | |
| Expenses before reductions | 0.725 |
| Expenses including reductions | 0.295 |
| Net investment income | 2.276 |
| Portfolio turnover (%) | 07 |
| 1 | Period from 3-30-21 (commencement of operations) to 4-30-21. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the period. |
| 4 | Not annualized. |
| 5 | Annualized. Certain expenses are presented unannualized. |
| 6 | Annualized. |
| 7 | Portfolio turnover for the period is 0% due to no sales activity. |
| 12 | JOHN HANCOCK Corporate Bond ETF | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Notes to financial statements
Note 1—Organization
John Hancock Corporate Bond ETF (the fund) is a series of John Hancock Exchange-Traded Fund Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act).
The investment objective of the fund is to seek a high level of current income consistent with prudent investment risk.
Corporate Bond ETF commenced operations on March 30, 2021.
Note 2—Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund's Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund's Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
| | ANNUAL REPORT | JOHN HANCOCK Corporate Bond ETF | 13 |
The following is a summary of the values by input classification of the fund's investments as of April 30, 2021, by major security category or type:
| | Total
value at
4-30-21 | Level 1
quoted
price | Level 2
significant
observable
inputs | Level 3
significant
unobservable
inputs |
| Investments in securities: | | | | |
| Assets | | | | |
| Corporate bonds | $19,904,699 | — | $19,904,699 | — |
| Short-term investments | 127,584 | $127,584 | — | — |
| Total investments in securities | $20,032,283 | $127,584 | $19,904,699 | — |
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the funds to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Federal income taxes. The fund intends to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
As of April 30, 2021, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends monthly. Capital gain distributions, if any, are typically distributed annually.
The tax character of distributions for the period ended April 30, 2021 was as follows:
| | April 30, 2021 |
| Ordinary income | $33,288 |
| 14 | JOHN HANCOCK Corporate Bond ETF | ANNUAL REPORT | |
As of April 30, 2021, the components of distributable earnings on a tax basis consisted of $16,951 of undistributed ordinary income.
Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. The fund had no material book-tax differences at April 30, 2021.
Note 3—Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4—Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. The Advisor is an indirect, principally owned subsidiary of Manulife Financial Corporation (MFC).
Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a monthly management fee to the Advisor equivalent on an annual basis to 0.24% of the fund’s average daily net assets. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.
The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the period ended April 30, 2021, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The Advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.29% of average daily net assets. Expenses means all the expenses of the fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, (e) borrowing costs, (f) prime brokerage fees, (g) acquired fund fees and expenses paid indirectly, and (h) short dividend expense. This agreement expires on August 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The expense reductions described above amount to $29,763 for the period ended April 30, 2021.
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the period ended April 30, 2021, were equivalent to a net annual effective rate of 0.00% of the fund's average daily net assets.
| | ANNUAL REPORT | JOHN HANCOCK Corporate Bond ETF | 15 |
Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These accounting and legal services fees incurred, for the period ended April 30, 2021, amounted to an annual rate of 0.02% of the fund's average daily net assets.
Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.
Note 5—Fund share transactions
The fund will issue and redeem shares only in a large number of specified shares, each called a “creation unit,” or multiples thereof. The fund issues and redeems shares at NAV in creation units of 50,000 shares.
Only authorized participants may engage in creation or redemption transactions directly with the fund. Such transactions generally take place when an authorized participant deposits into a fund a designated portfolio of securities and/or cash in exchange for a specified number of creation units. Similarly, shares can be redeemed only in creation units, generally for a designated portfolio of securities and/or cash. For purposes of US GAAP, in-kind redemption transactions are treated as a sale of securities and any resulting gains and losses are recognized based on the market value of the securities on the date of the transfer. Authorized participants pay a transaction fee to the custodian when purchasing and redeeming creation units of the fund. The transaction fee is used to defray the costs associated with the issuance and redemption of creation units. Individual shares of the fund may only be purchased and sold in secondary market transactions through brokers. Secondary market transactions may be subject to brokerage commissions. Shares of the fund are listed and traded on the NYSE Arca, Inc., trade at market prices rather than NAV, and may trade at a price greater than or less than NAV.
Authorized participants transacting in creation or redemption of units for cash may also pay an additional variable charge to compensate the relevant fund for the costs associated with purchasing or selling the applicable securities. These charges are included in shares sold or repurchased on the Statements of Changes in Net Assets.
Affiliates of the fund owned 97% of shares of the fund on April 30, 2021. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.
Note 6—Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to $19,733,784 and $0, respectively, for the period ended April 30, 2021.
Note 7—Industry or sector risk
The fund may invest a large percentage of its assets in one or more particular industries or sectors of the economy. If a large percentage of the fund’s assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund’s NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors.
Note 8—LIBOR discontinuation risk
LIBOR (London Interbank Offered Rate) is a measure of the average interest rate at which major global banks can borrow from one another. Following allegations of rate manipulation and concerns regarding its thin liquidity, in July 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will stop encouraging banks to provide the quotations needed to sustain LIBOR. As market participants transition away from LIBOR,
| 16 | JOHN HANCOCK Corporate Bond ETF | ANNUAL REPORT | |
LIBOR’s usefulness may deteriorate. The transition process may lead to increased volatility and illiquidity in markets that currently rely on LIBOR to determine interest rates. LIBOR’s deterioration may adversely affect the liquidity and/or market value of securities that use LIBOR as a benchmark interest rate.
The ICE Benchmark Administration Limited, the administrator of LIBOR, is expected to cease publishing most LIBOR maturities, including some US LIBOR maturities, on December 31, 2021, and the remaining and most liquid US LIBOR maturities on June 30, 2023. It is expected that market participants will transition to the use of alternative reference or benchmark rates before the end of 2021. Regulators have encouraged the development and adoption of alternative rates such as the Secured Overnight Financing Rate (“SOFR”), which is a broad measure of secured overnight US Treasury repo rates, but there is no definitive information regarding the future utilization of any particular replacement rate.
The impact on the transition away from LIBOR referenced financial instruments remains uncertain. It is expected that market participants will amend such financial instruments to include fallback provisions and other measures that contemplate the discontinuation of LIBOR. To facilitate the transition of legacy derivatives contracts referencing LIBOR, the International Swaps and Derivatives Association, Inc. launched a protocol to incorporate fallback provisions. There are obstacles to converting certain longer term securities to a new benchmark or benchmarks and the effectiveness of one versus multiple alternative reference rates has not been determined. Certain proposed replacement rates, such as SOFR, are materially different from LIBOR, and will require changes to the applicable spreads. Furthermore, the risks associated with the conversion from LIBOR may be exacerbated if an orderly transition is not completed in a timely manner.
Note 9—Coronavirus (COVID-19) pandemic
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.
Note 10—New accounting pronouncement
In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020-04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR and other IBOR-based reference rates as of the end of 2021. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management is currently evaluating the potential impact of ASU 2020-04 to the financial statements.
| | ANNUAL REPORT | JOHN HANCOCK Corporate Bond ETF | 17 |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of John Hancock Exchange-Traded Fund Trust and Shareholders of John Hancock Corporate Bond ETF
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock Corporate Bond ETF (the "Fund") as of April 30, 2021, and the related statements of operations and changes in net assets, including the related notes, and the financial highlights for the period March 30, 2021 (commencement of operations) through April 30, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of April 30, 2021, and the results of its operations, changes in its net assets, and the financial highlights for the period March 30, 2021 (commencement of operations) through April 30, 2021 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of April 30, 2021 by correspondence with the custodian, transfer agent and brokers. We believe that our audit provides a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
June 7, 2021
We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.
| 18 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
Tax information (Unaudited)
For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended April 30, 2021.
The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.
The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.
The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).
Eligible shareholders will be mailed a 2021 Form 1099-DIV in early 2022. This will reflect the tax character of all distributions paid in calendar year 2021.
Please consult a tax advisor regarding the tax consequences of your investment in the fund.
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 19 |
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees
Approval of Advisory and Subadvisory Agreements
At a videoconference1 meeting held on March 23-25, 2021, the Board of Trustees (the Board) of John Hancock Exchange-Traded Fund Trust (the Trust), including all of the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), approved the establishment of John Hancock Corporate Bond ETF (the New Fund).
This section describes the evaluation by the Board of:
| (a) | an amendment to the advisory agreement between the Trust and John Hancock Investment Management LLC (the Advisor) (the Advisory Agreement); and |
| (b) | a subadvisory agreement between the Advisor and Manulife Investment Management (US) LLC (the Subadvisor) with respect to the New Fund (the Subadvisory Agreement). |
In considering the Advisory Agreement and the Subadvisory Agreement with respect to the New Fund, the Board received in advance of the meeting a variety of materials relating to the New Fund, the Advisor and the Subadvisor, including comparative fee and expense information for a group of other corporate bond funds, and other information regarding the nature, extent, and quality of services to be provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s anticipated revenues and costs of providing services in connection with its proposed relationship to the New Fund and any compensation paid to affiliates of the Advisor. The Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to other John Hancock Funds, including the services provided by the Advisor to other exchange-traded funds (the Funds), including quarterly performance reports prepared by management containing reviews of investment results, and periodic presentations from the Subadvisor with respect to the other Funds that it manages. The information received and considered by the Board in connection with the March meeting and throughout the year (with respect to other Funds) was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of the non-advisory services, if any, to be provided to the New Fund by the Advisor and/or its affiliates, including administrative services. The Board also took into account information with respect to the New Fund presented at the December 8-10, 2020 meeting. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the New Fund.
Throughout the process, the Board asked questions of and were afforded the opportunity to request additional information from management. The Board is assisted by counsel for the Trust, and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their
1 On June 19, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission (the “SEC”) issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), which has been extended indefinitely until such time as public notice may be issued sunsetting the order, that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s March 23-25, 2021 meeting was held telephonically in reliance on the Order. This exemptive order supersedes, in part, a similar, earlier exemptive order issued by the SEC.
| 20 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
consideration of the proposed Advisory Agreement and Subadvisory Agreement and discussed the proposed Advisory Agreement and Subadvisory Agreement in private sessions with their independent legal counsel at which no representatives of management were present.
Approval of Advisory Agreement
In approving the Advisory Agreement with respect to the New Fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may have been based in part on its consideration of the advisory and subadvisory arrangements for other Funds in prior years.
Nature, extent, and quality of services. Among the information received by the Board from the Adviser relating to the nature, extent, and quality of services to be provided to the New Fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the Funds’ compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board considered the investment strategy proposed for the New Fund. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the New Fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor would be responsible for the management of the day-to-day operations of the New Fund, including, but not limited to, general supervision and coordination of the services to be provided by the Subadvisor, and also would be responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers, including the New Fund’s distributor. The Board also considered the significant risks assumed by the Advisor in connection with the services to be provided to the New Fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.
In considering the nature, extent, and quality of the services to be provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management of other Funds and the quality of the performance of the Advisor’s duties with respect to other Funds, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).
In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:
| (a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationships, including those with the Subadvisor, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
| (b) | the background, qualifications, and skills of the Advisor’s personnel; |
| (c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 21 |
| (d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the New Fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the New Fund, and bringing loss recovery actions on behalf of the New Fund; |
| (e) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the New Fund; and |
| (f) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
The Board concluded that the Advisor may reasonably be expected to provide a high quality of services under the Advisory Agreement with respect to the New Fund.
Investment performance. In connection with its consideration of the Advisory Agreement, the Board considered the New Fund’s investment strategy and processes.
Fees and Expenses. The Board reviewed comparative information including, among other data, the New Fund’s anticipated total net expenses as compared to similarly situated exchange-traded funds deemed to be comparable to the New Fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor.
The Board took into account management’s discussion of the New Fund’s anticipated expenses. The Board also took into account management’s discussion with respect to the proposed management fee and the fees of the Subadvisor, including the amount of the advisory fee to be retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor, and not the New Fund, would be responsible for paying the subadvisory fees. The Board also took into account that management has agreed to implement an overall fee waiver across a number of funds in the complex, including the New Fund, which is discussed further below. The Board also noted that the Advisor has contractually agreed to waive fees and/or reimburse expenses with respect to the New Fund for a specified period. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fees to be paid by the New Fund are reasonable in light of the nature, extent and quality of the services expected to be provided to the New Fund under the Advisory Agreement.
Profitability/Fall Out Benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the New Fund, the Board.
| (a) | noted that because the New Fund was not yet in existence, no actual revenue, cost or profitability data was available for the Board to review, although the Board received information from the Adviser on its projected profitability with respect to the New Fund; |
| (b) | reviewed and considered information presented by the Advisor regarding the advisory fees and advisory spreads prior to distribution, operations and overhead for the New Fund; |
| (c) | noted that the Advisor will derive reputational and other indirect benefits from providing advisory services to the New Fund; |
| (d) | noted that the subadvisory fee for the New Fund will be paid by Advisor; |
| (e) | noted that the new Fund’s Subadvisor is an affiliate of the Advisor; |
| 22 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
| (f) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
| (g) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it will provide to the New Fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
Based upon its review, the Board concluded that the anticipated level of profitability, if any, of the Advisor and its affiliates from their relationship with the New Fund is reasonable and not excessive.
Economies of scale. In considering the extent to which economies of scale would be realized if the New Fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:
| (a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the New Fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
| (b) | took into account management’s discussion of the New Fund’s advisory fee structure; and; |
| (c) | the Board also noted that if the New Fund’s assets increase over time, the New Fund may realize other economies of scale. |
Approval of Subadvisory Agreement
In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:
| (a) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); and |
| (b) | the proposed subadvisory fee for the New Fund, including any breakpoints. |
Nature, extent, and quality of services. With respect to the services to be provided by the Subadvisor, the Board received and reviewed information provided to the Board by the Subadvisor with respect to the New Fund and took into account information presented throughout the past year with respect to Funds in the complex managed by the Advisor and subadvised by the Subadvisor. In this regard, the Board considered the Subadvisor’s current level of staffing and its overall resources, as well as considered information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who will provide services to the New Fund. The Board also considered the Subadvisor’s risk assessment and monitoring processes. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular periodic reviews of the Subadvisor and its operations in regard to the Funds, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.
The Board considered the Subadvisor’s investment process and philosophy.
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 23 |
Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the New Fund, the Board noted that the fees under the Subadvisory Agreement will be paid by the Advisor and not the New Fund. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.
In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the New Fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.
Subadvisor fees. The Board considered that the New Fund will pay an advisory fee to the Advisor and that, in turn, the Advisor will pay a subadvisory fee to the Subadvisor.
Subadvisor performance. As noted above, the Board considered the New Fund’s investment strategy and processes. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance.
The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:
| (1) | the Subadvisor has extensive experience and demonstrated skills as a manager, and currently subadvises other Funds in the complex and the Board is generally satisfied with the Subadvisor’s management of these Funds, and may reasonably be expected to provide a high quality of investment management services to the New Fund; |
| (2) | the proposed subadvisory fees are reasonable in relation to the level and quality of services to be provided under the Subadvisory Agreement; and |
| (3) | that the subadvisory fees will be paid by the Advisor not the New Fund. |
***
Based on the Board’s evaluation of all factors that it deemed to be material, including those factors described above, and assisted by the advice of independent legal counsel, the Board, including the Independent Trustees, concluded that approval of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the New Fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the amendments to the Advisory Agreement and Subadvisory Agreement.
| 24 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.
| Independent Trustees | | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years | Trustee
of the
Trust
since1 | Number of John
Hancock funds
overseen by
Trustee |
| Hassell H. McClellan, Born: 1945 | 2015 | 191 |
| Trustee and Chairperson of the Board | | |
| Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. |
| Charles L. Bardelis,2 Born: 1941 | 2015 | 191 |
| Trustee | | |
| Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). |
| James R. Boyle, Born: 1959 | 2015 | 191 |
| Trustee | | |
| Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). |
| Peter S. Burgess,2 Born: 1942 | 2015 | 191 |
| Trustee | | |
| Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). |
| William H. Cunningham, Born: 1944 | 2015 | 191 |
| Trustee | | |
| Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). |
| Grace K. Fey, Born: 1946 | 2015 | 191 |
| Trustee | | |
| Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 25 |
| Independent Trustees (continued) | | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years | Trustee
of the
Trust
since1 | Number of John
Hancock funds
overseen by
Trustee |
| Deborah C. Jackson, Born: 1952 | 2015 | 191 |
| Trustee | | |
| President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| Steven R. Pruchansky, Born: 1944 | 2015 | 191 |
| Trustee and Vice Chairperson of the Board | | |
| Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. |
| Frances G. Rathke,2,* Born: 1960 | 2020 | 191 |
| Trustee | | |
| Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). |
| Gregory A. Russo, Born: 1949 | 2015 | 191 |
| Trustee | | |
| Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| 26 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
| Non-Independent Trustees3 | | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years | Trustee
of the
Trust
since1 | Number of John
Hancock funds
overseen by
Trustee |
| Andrew G. Arnott, Born: 1971 | 2017 | 191 |
| President and Non-Independent Trustee | | |
| Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). |
| Marianne Harrison, Born: 1963 | 2018 | 191 |
| Non-Independent Trustee | | |
| President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
| Principal officers who are not Trustees | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s)
during past 5 years | Current
Position(s)
with the
Trust
since |
| Charles A. Rizzo, Born: 1957 | 2015 |
| Chief Financial Officer | |
| Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). |
| Salvatore Schiavone, Born: 1965 | 2015 |
| Treasurer | |
| Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). |
| Christopher (Kit) Sechler, Born: 1973 | 2018 |
| Secretary and Chief Legal Officer | |
| Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 27 |
| Principal officers who are not Trustees (continued) | |
Name, year of birth
Position(s) held with Trust
Principal occupation(s)
during past 5 years | Current
Position(s)
with the
Trust
since |
| Trevor Swanberg, Born: 1979 | 2020 |
| Chief Compliance Officer | |
| Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.
The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-6020.
| 1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. |
| 2 | Member of the Audit Committee. |
| 3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
| * | Appointed as Independent Trustee effective as of September 15, 2020. |
| 28 | JOHN HANCOCK CORPORATE BOND ETF | ANNUAL REPORT | |
Trustees
Hassell H. McClellan, Chairperson
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
Officers
Andrew G. Arnott
President
Charles A. Rizzo
Chief Financial Officer
Salvatore Schiavone
Treasurer
Christopher (Kit) Sechler
Secretary and Chief Legal Officer
Trevor Swanberg2
Chief Compliance Officer
* Member of the Audit Committee
† Non-Independent Trustee
1 Appointed as Independent Trustee effective as of September 15, 2020
2 Effective July 31, 2020
Investment advisor
John Hancock Investment Management LLC
Subadvisor
Manulife Investment Management (US) LLC
Portfolio Managers
Jeffrey N. Given, CFA
Howard C. Greene, CFA
Principal distributor
Foreside Fund Services, LLC
Custodian
State Street Bank and Trust Company
Transfer agent
State Street Bank and Trust Company
Legal counsel
Dechert LLP
Independent registered public accounting firm
PricewaterhouseCoopers LLP
The funds’ proxy voting policies and procedures, as well as the funds’ proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
All of the funds’ holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The funds’ Form N-PORT filings are available on our website and the SEC’s website, sec.gov.
We make this information on your funds’, as well as monthly portfolio holdings, and other funds’ details available on our website at jhinvestments.com/etf or by calling 800-225-6020.
| You can also contact us: | |
| 800-225-6020 | Regular mail: |
| jhinvestments.com/etf | John Hancock Investment Management
200 Berkeley Street
Boston, MA 02116 |
| | ANNUAL REPORT | JOHN HANCOCK CORPORATE BOND ETF | 29 |
John Hancock family of funds
U.S. EQUITY FUNDS
Blue Chip Growth
Classic Value
Disciplined Value
Disciplined Value Mid Cap
Equity Income
Financial Industries
Fundamental All Cap Core
Fundamental Large Cap Core
New Opportunities
Regional Bank
Small Cap Core
Small Cap Growth
Small Cap Value
U.S. Global Leaders Growth
U.S. Growth
INTERNATIONAL EQUITY FUNDS
Disciplined Value International
Emerging Markets
Emerging Markets Equity
Fundamental Global Franchise
Global Equity
Global Shareholder Yield
Global Thematic Opportunities
International Dynamic Growth
International Growth
International Small Company
FIXED-INCOME FUNDS
Bond
California Tax-Free Income
Emerging Markets Debt
Floating Rate Income
Government Income
High Yield
High Yield Municipal Bond
Income
Investment Grade Bond
Money Market
Short Duration Bond
Short Duration Credit Opportunities
Strategic Income Opportunities
Tax-Free Bond
ALTERNATIVE FUNDS
Absolute Return Currency
Alternative Asset Allocation
Diversified Macro
Infrastructure
Multi-Asset Absolute Return
Real Estate Securities
Seaport Long/Short
A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investments at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
ASSET ALLOCATION/TARGET DATE FUNDS
Balanced
Multi-Asset High Income
Multi-Index Lifetime Portfolios
Multi-Index Preservation Portfolios
Multimanager Lifestyle Portfolios
Multimanager Lifetime Portfolios
Retirement Income 2040
EXCHANGE-TRADED FUNDS
John Hancock Corporate Bond ETF
John Hancock Multifactor Consumer Discretionary ETF
John Hancock Multifactor Consumer Staples ETF
John Hancock Multifactor Developed International ETF
John Hancock Multifactor Emerging Markets ETF
John Hancock Multifactor Energy ETF
John Hancock Multifactor Financials ETF
John Hancock Multifactor Healthcare ETF
John Hancock Multifactor Industrials ETF
John Hancock Multifactor Large Cap ETF
John Hancock Multifactor Materials ETF
John Hancock Multifactor Media and
Communications ETF
John Hancock Multifactor Mid Cap ETF
John Hancock Multifactor Small Cap ETF
John Hancock Multifactor Technology ETF
John Hancock Multifactor Utilities ETF
ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS
ESG Core Bond
ESG International Equity
ESG Large Cap Core
CLOSED-END FUNDS
Financial Opportunities
Hedged Equity & Income
Income Securities Trust
Investors Trust
Preferred Income
Preferred Income II
Preferred Income III
Premium Dividend
Tax-Advantaged Dividend Income
Tax-Advantaged Global Shareholder Yield
John Hancock ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.
A trusted brand
John Hancock Investment Management is a premier asset manager
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
A better way to invest
We serve investors globally through a unique multimanager approach:
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
standards and serve the best interests of our shareholders.
Results for investors
Our unique approach to asset management enables us to provide
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.
John Hancock Investment Management LLC, 200 Berkeley Street, Boston, MA 02116, 800-225-6020, jhinvestments.com/etf
Manulife Investment Management, the Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
This report is for the information of the shareholders of John Hancock Corporate Bond ETF. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
6/2021
ITEM 2. CODE OF ETHICS.
As of the end of the period, April 30, 2021, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Senior Financial Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Peter S. Burgess is the audit committee financial expert and is "independent", pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Audit Fees
The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to the following for the fiscal years ended April 30, 2021 and April 30, 2020. These fees were billed to the registrant and were approved by the registrant's audit committee.
Fund | | April 30, 2021 | | April 30, 2020 |
John Hancock Multifactor Consumer Discretionary ETF | $ | 14,000 | $ | 14,000 |
John Hancock Multifactor Financials ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Healthcare ETF | | 15,425 | | 14,000 |
John Hancock Multifactor Large Cap ETF | | 15,000 | | 14,000 |
John Hancock Multifactor Emerging Markets ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Mid Cap ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Technology ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Materials ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Energy ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Consumer Staples ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Media and Communications ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Industrials ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Utilities ETF | | 14,000 | | 14,000 |
John Hancock Multifactor Developed International ETF | | 14,525 | | 14,525 |
John Hancock Multifactor Small Cap ETF | | 14,000 | | 14,000 |
John Hancock Corporate Bond ETF | | 23,372 | | N/A |
Total | $ | 236,322 | $ | 210,525 |
(b) Audit-Related Services
Audit-related service fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was related to a software licensing fee. Amounts billed to the registrant were as follows:
Fund | April 30, 2021 | April 30, 2020 |
John Hancock Multifactor Consumer Discretionary ETF | $ | 5 | $ | 5 |
John Hancock Multifactor Financials ETF | | 5 | | 5 |
John Hancock Multifactor Healthcare ETF | | 5 | N/A | 5 |
John Hancock Multifactor Large Cap ETF | | 5 | | 5 |
John Hancock Multifactor Emerging Markets ETF | | 5 | | 5 |
John Hancock Multifactor Mid Cap ETF | | 5 | | 5 |
John Hancock Multifactor Technology ETF | | 5 | | 5 |
John Hancock Multifactor Materials ETF | | 5 | | 5 |
John Hancock Multifactor Energy ETF | | 5 | | 5 |
John Hancock Multifactor Consumer Staples ETF | | 5 | | 5 |
John Hancock Multifactor Media and Communications ETF | | 5 | | 5 |
John Hancock Multifactor Industrials ETF | | 5 | | 5 |
John Hancock Multifactor Utilities ETF | | 5 | | 5 |
John Hancock Multifactor Developed International ETF | | 5 | | 5 |
John Hancock Multifactor Small Cap ETF | | 5 | | 5 |
John Hancock Corporate Bond ETF | | - | | N/A |
Total | $ | 75 | $ | 75 |
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to the following for the fiscal period ended April 30, 2021 and for the fiscal period ended April 30, 2020. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.
Fund | April 30, 2021 | April 30, 2020 |
John Hancock Multifactor Consumer Discretionary ETF | $ | 1,000 | $ | 1,233 |
John Hancock Multifactor Financials ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Healthcare ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Large Cap ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Emerging Markets ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Mid Cap ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Technology ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Materials ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Energy ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Consumer Staples ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Media and Communications ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Industrials ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Utilities ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Developed International ETF | | 1,000 | | 1,233 |
John Hancock Multifactor Small Cap ETF | | 1,000 | | 1,233 |
John Hancock Corporate Bond ETF | | 1,000 | | N/A |
Total | $ | 16,000 | $ | 18,495 |
(d) All Other Fees
The nature of services comprising all other fees is advisory services provided to the funds. Other fees amounted to the following for the years ended April 30, 2021 and April 30, 2020 and were billed to the registrant or to the control affiliates:
Fund | April 30, 2021 | April 30, 2020 |
John Hancock Multifactor Consumer Discretionary ETF | $ | 89 | $ | 91 |
John Hancock Multifactor Financials ETF | | 89 | | 91 |
John Hancock Multifactor Healthcare ETF | | 89 | | 91 |
John Hancock Multifactor Large Cap ETF | | 89 | | 91 |
John Hancock Multifactor Emerging Markets ETF | | 89 | | 91 |
John Hancock Multifactor Mid Cap ETF | | 89 | | 91 |
John Hancock Multifactor Technology ETF | | 89 | | 91 |
John Hancock Multifactor Materials ETF | | 89 | | 91 |
John Hancock Multifactor Energy ETF | | 89 | | 91 |
John Hancock Multifactor Consumer Staples ETF | | 89 | | 91 |
John Hancock Multifactor Media and Communications ETF | | 89 | | 91 |
John Hancock Multifactor Industrials ETF | | 89 | | 91 |
John Hancock Multifactor Utilities ETF | | 89 | | 91 |
John Hancock Multifactor Developed International ETF | | 89 | | 91 |
John Hancock Multifactor Small Cap ETF | | 89 | | 91 |
John Hancock Corporate Bond ETF | | 89 | | N/A |
Total | $ | 1,424 | $ | 1,365 |
(e)(1) Audit Committee Pre-Approval Policies and Procedures:
The trust's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The trust's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per instance/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per instance/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:
Audit-Related Fees, Tax Fees and All Other Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f) According to the registrant's principal accountant, for the fiscal period ended April 30, 2021, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g) The aggregate non-audit fees billed by the registrant's accountant for non- audit services rendered to the registrant and rendered to the registrant's control affiliates for the fiscal period ended April 30, 2021 and April 30, 2020 amounted to the following:
Trust | | April 30, 2021 | | April 30, 2020 |
John Hancock Exchange-Traded Fund Trust | $ | 1,368,541 | $ | 1,147,977 |
(h) The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant(s) to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant(s)' independence.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Peter S. Burgess - Chairman
Charles L. Bardelis
Frances G. Rathke
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not applicable.
(b)Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED- END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form
N-CSR. See attached "John Hancock Funds – Nominating, Governance and Administration Committee Charter".
ITEM 11. CONTROLS AND PROCEDURES.
(a)Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b)There were no changes in the registrant's internal control over financial reporting that occurred during period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. EXHIBITS.
(a)(1) Code of Ethics for Covered Officers is attached.
(a)(2) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
(b)(1) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.
(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached "John Hancock Funds – Nominating, Governance and Administration Committee Charter".
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Exchange-Traded Fund Trust
By: | /s/ Andrew Arnott |
| ------------------------------ |
| Andrew Arnott |
| President |
Date: | June 7, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott |
| ------------------------------- |
| Andrew Arnott |
| President |
Date: | June 7, 2021 |
By: | /s/ Charles A. Rizzo |
| --------------------------- |
| Charles A. Rizzo |
| Chief Financial Officer |
Date: | June 7, 2021 |
