John Hancock Investment Management LLC - John Hancock Multifactor Emerging Markets ETF

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its insights into future corporate tax structures, capital investment credits, and the overall tax burden on international operations are critical. Changes in U.S. tax policy on foreign earnings directly affect the attractiveness and profitability of investing in emerging markets for U.S. entities.

As the most powerful economic committee, it controls taxation and trade policy. U.S. tax policies on foreign income and investment, and trade agreements/tariffs (e.g., with China), directly and significantly impact the profitability, market access, and economic viability of companies and countries within emerging markets, which are JHEM's underlying assets.

This committee directly regulates the entire U.S. financial system, including the SEC, which oversees investment products like ETFs and investment management firms like John Hancock. Its decisions on bank capital requirements, cryptocurrency regulation, and financial market rules directly impact the operating environment for JHEM and global capital flows.

Members receive classified briefings on global threats, geopolitical stability, and cybersecurity. Such non-public information directly bears on the risk profile and investment attractiveness of emerging market regions and specific companies within them, creating significant potential for informational asymmetry.

U.S. foreign policy, sanctions legislation, and international agreements directly impact the political stability, economic prospects, and market access of emerging market countries. Decisions made by this committee can significantly affect the performance and risk profile of JHEM's underlying assets.