JHML vs. JVAL ETF Comparison

Comparison of John Hancock Multifactor Large Cap ETF (JHML) to JPMorgan U.S. Value Factor ETF (JVAL)

JHML

John Hancock Multifactor Large Cap ETF

JHML Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the John Hancock Dimensional Large Cap Index. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities that compose the fund's benchmark index. The 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.

Grade (RS Rating)

Last Trade

$72.44

Average Daily Volume

21,303

Number of Holdings ^*

755

* may have additional holdings in another (foreign) market

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent value factor characteristics.

Grade (RS Rating)

Last Trade

$45.23

Average Daily Volume

59,043

Number of Holdings ^*

362

* may have additional holdings in another (foreign) market

Performance

Period	JHML	JVAL
30 Days	3.76%	4.55%
60 Days	4.93%	4.91%
90 Days	6.94%	6.18%
12 Months	31.31%	29.11%

258 Overlapping Holdings

	Symbol	Grade	Weight in JHML	Weight in JVAL	Overlap
	AAPL	C	3.79%	1.87%	1.87%
	ACI	C	0.02%	0.17%	0.02%
	ADI	D	0.2%	0.54%	0.2%
	ADM	D	0.08%	0.24%	0.08%
	AIG	B	0.19%	0.36%	0.19%
	AKAM	D	0.06%	0.21%	0.06%
	ALLY	C	0.08%	0.21%	0.08%
	ALSN	B	0.01%	0.29%	0.01%
	AMAT	F	0.32%	0.7%	0.32%
	AMCR	D	0.06%	0.22%	0.06%
	AMGN	D	0.28%	0.65%	0.28%
	AMKR	D	0.0%	0.07%	0.0%
	ANSS	B	0.11%	0.19%	0.11%
	APH	A	0.26%	0.51%	0.26%
	APP	B	0.14%	0.87%	0.14%
	APTV	D	0.05%	0.12%	0.05%
	ARMK	B	0.04%	0.13%	0.04%
	AVGO	D	1.0%	1.92%	1.0%
	AYI	B	0.01%	0.2%	0.01%
	BAC	A	0.47%	0.45%	0.45%
	BAX	D	0.05%	0.13%	0.05%
	BBY	D	0.13%	0.23%	0.13%
	BDX	F	0.13%	0.06%	0.06%
	BEN	C	0.03%	0.14%	0.03%
	BERY	B	0.01%	0.19%	0.01%
	BG	F	0.06%	0.14%	0.06%
	BK	A	0.22%	0.4%	0.22%
	BLDR	D	0.12%	0.25%	0.12%
	BMY	B	0.21%	0.51%	0.21%
	BRX	A	0.0%	0.01%	0.0%
	BSY	D	0.02%	0.11%	0.02%
	BWA	D	0.03%	0.16%	0.03%
	C	A	0.24%	0.65%	0.24%
	CACI	D	0.03%	0.26%	0.03%
	CAG	D	0.05%	0.2%	0.05%
	CAT	B	0.38%	0.85%	0.38%
	CCK	C	0.05%	0.22%	0.05%
	CDW	F	0.1%	0.24%	0.1%
	CE	F	0.04%	0.04%	0.04%
	CF	B	0.08%	0.06%	0.06%
	CFG	B	0.09%	0.28%	0.09%
	CI	F	0.19%	0.47%	0.19%
	CMCSA	B	0.36%	0.49%	0.36%
	CMI	A	0.23%	0.4%	0.23%
	CNC	D	0.11%	0.2%	0.11%
	CNH	C	0.01%	0.18%	0.01%
	COF	B	0.23%	0.48%	0.23%
	CPB	D	0.04%	0.17%	0.04%
	CRBG	B	0.02%	0.18%	0.02%
	CRM	B	0.38%	1.33%	0.38%
	CROX	D	0.01%	0.11%	0.01%
	CSCO	B	0.4%	0.77%	0.4%
	CTRA	B	0.08%	0.24%	0.08%
	CTSH	B	0.16%	0.33%	0.16%
	CVS	D	0.14%	0.4%	0.14%
	CVX	A	0.41%	0.74%	0.41%
	D	C	0.09%	0.09%	0.09%
	DAL	C	0.05%	0.27%	0.05%
	DBX	B	0.02%	0.24%	0.02%
	DD	D	0.13%	0.31%	0.13%
	DELL	C	0.07%	0.36%	0.07%
	DG	F	0.05%	0.14%	0.05%
	DGX	A	0.12%	0.25%	0.12%
	DHI	D	0.16%	0.32%	0.16%
	DINO	D	0.02%	0.16%	0.02%
	DKS	C	0.06%	0.21%	0.06%
	DOCU	A	0.03%	0.19%	0.03%
	DOV	A	0.15%	0.3%	0.15%
	DOW	F	0.13%	0.22%	0.13%
	DOX	D	0.06%	0.22%	0.06%
	DRI	B	0.11%	0.23%	0.11%
	DT	C	0.04%	0.06%	0.04%
	DVN	F	0.06%	0.13%	0.06%
	EBAY	D	0.16%	0.3%	0.16%
	ED	D	0.16%	0.28%	0.16%
	EHC	B	0.02%	0.15%	0.02%
	ELV	F	0.19%	0.45%	0.19%
	ENTG	D	0.05%	0.12%	0.05%
	EPAM	C	0.04%	0.27%	0.04%
	EQR	B	0.07%	0.04%	0.04%
	ETR	B	0.18%	0.33%	0.18%
	EVRG	A	0.07%	0.24%	0.07%
	EXC	C	0.16%	0.21%	0.16%
	F	C	0.09%	0.34%	0.09%
	FANG	D	0.15%	0.06%	0.06%
	FBIN	D	0.05%	0.12%	0.05%
	FDX	B	0.17%	0.41%	0.17%
	FFIV	B	0.06%	0.27%	0.06%
	FHN	A	0.03%	0.19%	0.03%
	FIS	C	0.12%	0.14%	0.12%
	FITB	A	0.17%	0.32%	0.17%
	FMC	D	0.03%	0.12%	0.03%
	FOXA	B	0.06%	0.25%	0.06%
	GAP	C	0.01%	0.19%	0.01%
	GD	F	0.15%	0.38%	0.15%
	GDDY	A	0.09%	0.32%	0.09%
	GEN	B	0.08%	0.27%	0.08%
	GFS	C	0.01%	0.21%	0.01%
	GILD	C	0.24%	0.52%	0.24%
	GIS	D	0.12%	0.26%	0.12%
	GLOB	B	0.03%	0.16%	0.03%
	GLPI	C	0.03%	0.13%	0.03%
	GLW	B	0.17%	0.33%	0.17%
	GM	B	0.16%	0.44%	0.16%
	GNTX	C	0.03%	0.18%	0.03%
	GOOGL	C	1.88%	2.17%	1.88%
	GPC	D	0.09%	0.19%	0.09%
	GPK	C	0.03%	0.21%	0.03%
	GPN	B	0.1%	0.19%	0.1%
	GRMN	B	0.12%	0.33%	0.12%
	HBAN	A	0.11%	0.3%	0.11%
	HD	A	0.52%	0.82%	0.52%
	HII	D	0.04%	0.16%	0.04%
	HPE	B	0.1%	0.32%	0.1%
	HPQ	B	0.13%	0.32%	0.13%
	HRB	D	0.01%	0.2%	0.01%
	HRL	D	0.03%	0.1%	0.03%
	HSIC	B	0.05%	0.06%	0.05%
	HST	C	0.04%	0.14%	0.04%
	HUM	C	0.1%	0.19%	0.1%
	IBM	C	0.36%	0.84%	0.36%
	INFA	D	0.0%	0.11%	0.0%
	INGR	B	0.02%	0.15%	0.02%
	INTC	D	0.18%	0.6%	0.18%
	INTU	C	0.29%	0.81%	0.29%
	IP	B	0.11%	0.26%	0.11%
	IPG	D	0.07%	0.17%	0.07%
	JBL	B	0.08%	0.29%	0.08%
	JCI	C	0.2%	0.42%	0.2%
	JEF	A	0.04%	0.28%	0.04%
	JNJ	D	0.57%	1.22%	0.57%
	KBR	F	0.02%	0.24%	0.02%
	KEY	B	0.09%	0.22%	0.09%
	KHC	F	0.06%	0.26%	0.06%
	KIM	A	0.04%	0.23%	0.04%
	KLAC	D	0.2%	0.46%	0.2%
	KMI	A	0.18%	0.39%	0.18%
	KR	B	0.26%	0.32%	0.26%
	LAD	A	0.04%	0.24%	0.04%
	LDOS	C	0.1%	0.32%	0.1%
	LEN	D	0.11%	0.3%	0.11%
	LEN	D	0.01%	0.3%	0.01%
	LH	C	0.11%	0.16%	0.11%
	LHX	C	0.14%	0.31%	0.14%
	LKQ	D	0.04%	0.16%	0.04%
	LRCX	F	0.2%	0.51%	0.2%
	LVS	C	0.04%	0.15%	0.04%
	LYB	F	0.11%	0.23%	0.11%
	MCHP	D	0.16%	0.28%	0.16%
	MDT	D	0.15%	0.51%	0.15%
	META	D	1.79%	2.12%	1.79%
	MO	A	0.14%	0.5%	0.14%
	MOS	F	0.04%	0.21%	0.04%
	MPC	D	0.15%	0.36%	0.15%
	MRK	F	0.36%	0.66%	0.36%
	MRO	B	0.09%	0.25%	0.09%
	MRVL	B	0.22%	0.48%	0.22%
	MSFT	F	3.67%	1.78%	1.78%
	MTB	A	0.15%	0.27%	0.15%
	MTCH	D	0.02%	0.18%	0.02%
	MU	D	0.21%	0.42%	0.21%
	MUSA	A	0.02%	0.16%	0.02%
	NNN	D	0.02%	0.1%	0.02%
	NTAP	C	0.14%	0.27%	0.14%
	NUE	C	0.17%	0.31%	0.17%
	NVR	D	0.18%	0.2%	0.18%
	NVT	B	0.03%	0.04%	0.03%
	NWSA	B	0.04%	0.23%	0.04%
	OC	A	0.11%	0.26%	0.11%
	OGE	B	0.01%	0.23%	0.01%
	OHI	C	0.02%	0.22%	0.02%
	OKTA	C	0.03%	0.13%	0.03%
	OLED	D	0.02%	0.19%	0.02%
	OMC	C	0.12%	0.25%	0.12%
	ON	D	0.11%	0.28%	0.11%
	ORCL	B	0.43%	1.24%	0.43%
	ORI	A	0.04%	0.23%	0.04%
	OVV	B	0.04%	0.19%	0.04%
	PAG	B	0.01%	0.18%	0.01%
	PARA	C	0.02%	0.12%	0.02%
	PATH	C	0.01%	0.13%	0.01%
	PAYC	B	0.03%	0.31%	0.03%
	PCAR	B	0.22%	0.39%	0.22%
	PFE	D	0.25%	0.65%	0.25%
	PFG	D	0.12%	0.25%	0.12%
	PH	A	0.23%	0.15%	0.15%
	PHM	D	0.15%	0.27%	0.15%
	PKG	A	0.11%	0.29%	0.11%
	PM	B	0.22%	0.52%	0.22%
	PNC	B	0.18%	0.13%	0.13%
	PNR	A	0.07%	0.29%	0.07%
	PNW	B	0.06%	0.22%	0.06%
	POOL	C	0.05%	0.13%	0.05%
	PPC	C	0.0%	0.09%	0.0%
	PPL	B	0.12%	0.27%	0.12%
	PR	B	0.01%	0.13%	0.01%
	PRU	A	0.21%	0.35%	0.21%
	PSN	D	0.01%	0.15%	0.01%
	PSX	C	0.12%	0.37%	0.12%
	PTC	A	0.07%	0.18%	0.07%
	QCOM	F	0.33%	0.79%	0.33%
	QRVO	F	0.03%	0.14%	0.03%
	REG	B	0.03%	0.12%	0.03%
	RF	A	0.14%	0.26%	0.14%
	RGA	A	0.07%	0.09%	0.07%
	RL	B	0.03%	0.22%	0.03%
	ROP	B	0.13%	0.4%	0.13%
	RPRX	D	0.02%	0.11%	0.02%
	RS	B	0.1%	0.26%	0.1%
	RTX	C	0.29%	0.48%	0.29%
	RVTY	F	0.06%	0.14%	0.06%
	SCI	B	0.07%	0.24%	0.07%
	SIRI	C	0.01%	0.1%	0.01%
	SJM	D	0.05%	0.14%	0.05%
	SNA	A	0.09%	0.31%	0.09%
	SNX	C	0.02%	0.22%	0.02%
	SOLV	C	0.02%	0.05%	0.02%
	SPG	B	0.11%	0.32%	0.11%
	SSNC	B	0.07%	0.24%	0.07%
	STT	A	0.13%	0.29%	0.13%
	SWK	D	0.06%	0.12%	0.06%
	SWKS	F	0.06%	0.2%	0.06%
	SYF	B	0.17%	0.34%	0.17%
	T	A	0.25%	0.65%	0.25%
	TAP	C	0.05%	0.25%	0.05%
	TER	D	0.08%	0.22%	0.08%
	TFC	A	0.17%	0.41%	0.17%
	TFX	F	0.03%	0.07%	0.03%
	TGT	F	0.19%	0.34%	0.19%
	THC	D	0.04%	0.21%	0.04%
	TOL	B	0.04%	0.25%	0.04%
	TPR	B	0.07%	0.24%	0.07%
	TSN	B	0.07%	0.1%	0.07%
	TWLO	A	0.05%	0.37%	0.05%
	TXN	C	0.33%	0.82%	0.33%
	TXT	D	0.09%	0.19%	0.09%
	UAL	A	0.04%	0.27%	0.04%
	UHAL	D	0.0%	0.04%	0.0%
	UHAL	D	0.02%	0.04%	0.02%
	UHS	D	0.08%	0.2%	0.08%
	UNH	C	0.73%	1.77%	0.73%
	UNM	A	0.05%	0.28%	0.05%
	USB	A	0.16%	0.42%	0.16%
	UTHR	C	0.06%	0.26%	0.06%
	VICI	C	0.08%	0.28%	0.08%
	VLO	C	0.24%	0.24%	0.24%
	VRSN	F	0.06%	0.14%	0.06%
	VRT	B	0.12%	0.43%	0.12%
	VTRS	A	0.05%	0.24%	0.05%
	VZ	C	0.34%	0.2%	0.2%
	WAL	B	0.01%	0.22%	0.01%
	WBS	A	0.03%	0.17%	0.03%
	WCC	B	0.03%	0.27%	0.03%
	WDAY	B	0.09%	0.29%	0.09%
	WPC	D	0.03%	0.12%	0.03%
	WSM	B	0.1%	0.21%	0.1%
	ZBH	C	0.08%	0.17%	0.08%
	ZM	B	0.05%	0.31%	0.05%

JHML Overweight 497 Positions Relative to JVAL

	Symbol	Grade	Weight
	NVDA	C	3.35%
	AMZN	C	2.69%
	JPM	A	1.09%
	BRK.A	B	1.04%
	LLY	F	0.89%
	XOM	B	0.72%
	V	A	0.7%
	TSLA	B	0.68%
	MA	C	0.64%
	WMT	A	0.64%
	PG	A	0.58%
	WFC	A	0.49%
	COST	B	0.49%
	GOOG	C	0.49%
	ABBV	D	0.38%
	URI	B	0.37%
	NFLX	A	0.36%
	GS	A	0.35%
	ACN	C	0.35%
	KO	D	0.34%
	MS	A	0.34%
	PEP	F	0.33%
	AMD	F	0.31%
	AXP	A	0.31%
	TMO	F	0.31%
	AMP	A	0.31%
	ABT	B	0.29%
	MCD	D	0.29%
	ADBE	C	0.28%
	LIN	D	0.28%
	COP	C	0.26%
	UNP	C	0.26%
	RCL	A	0.26%
	DFS	B	0.25%
	HON	B	0.25%
	WM	A	0.25%
	ETN	A	0.25%
	DIS	B	0.25%
	GE	D	0.24%
	SPGI	C	0.24%
	TJX	A	0.24%
	BKNG	A	0.24%
	SHW	A	0.23%
	ISRG	A	0.23%
	TMUS	B	0.23%
	TT	A	0.23%
	HIG	B	0.23%
	FI	A	0.23%
	DHR	F	0.22%
	CBRE	B	0.22%
	LOW	D	0.22%
	TRV	B	0.21%
	NOW	A	0.21%
	FICO	B	0.21%
	ADP	B	0.21%
	BSX	B	0.21%
	EOG	A	0.21%
	VRTX	F	0.21%
	VST	B	0.21%
	DE	A	0.21%
	CMG	B	0.2%
	SNPS	B	0.2%
	PGR	A	0.2%
	LMT	D	0.2%
	CTAS	B	0.19%
	AJG	B	0.19%
	ITW	B	0.19%
	CARR	D	0.19%
	PEG	A	0.19%
	EMR	A	0.18%
	AME	A	0.18%
	MSI	B	0.18%
	ALL	A	0.18%
	HWM	A	0.18%
	NSC	B	0.18%
	SCHW	B	0.18%
	MCO	B	0.18%
	IT	C	0.18%
	CSX	B	0.18%
	SYK	C	0.18%
	SO	D	0.18%
	FAST	B	0.18%
	MMC	B	0.18%
	CB	C	0.18%
	CDNS	B	0.18%
	DUK	C	0.18%
	VRSK	A	0.17%
	PWR	A	0.17%
	ANET	C	0.17%
	TSCO	D	0.17%
	MCK	B	0.17%
	BLK	C	0.17%
	PANW	C	0.17%
	AON	A	0.16%
	GWW	B	0.16%
	COR	B	0.16%
	MDLZ	F	0.16%
	AFL	B	0.16%
	SBUX	A	0.16%
	ICE	C	0.16%
	APO	B	0.16%
	PLD	D	0.15%
	WTW	B	0.15%
	EA	A	0.15%
	WMB	A	0.15%
	CEG	D	0.15%
	TDG	D	0.15%
	KKR	A	0.15%
	PLTR	B	0.15%
	LNG	B	0.15%
	PCG	A	0.15%
	XEL	A	0.15%
	ACGL	D	0.15%
	AEP	D	0.15%
	NEE	D	0.15%
	EIX	B	0.15%
	ORLY	B	0.15%
	TRGP	B	0.14%
	MMM	D	0.14%
	VMC	B	0.14%
	RSG	A	0.14%
	FTNT	C	0.14%
	IQV	D	0.14%
	WELL	A	0.14%
	MLM	B	0.14%
	MAR	B	0.14%
	REGN	F	0.14%
	ROST	C	0.14%
	IR	B	0.14%
	APD	A	0.14%
	STLD	B	0.14%
	ZTS	D	0.14%
	ROK	B	0.14%
	BX	A	0.14%
	FCX	D	0.14%
	NKE	D	0.14%
	WAB	B	0.13%
	ECL	D	0.13%
	DECK	A	0.13%
	EFX	F	0.13%
	RMD	C	0.13%
	NOC	D	0.13%
	OKE	A	0.13%
	CAH	B	0.13%
	UPS	C	0.13%
	PYPL	B	0.13%
	A	D	0.13%
	NXPI	D	0.13%
	HLT	A	0.13%
	PAYX	C	0.13%
	CL	D	0.13%
	RJF	A	0.13%
	CME	A	0.12%
	OTIS	C	0.12%
	MSCI	C	0.12%
	GEHC	F	0.12%
	AZO	C	0.12%
	KEYS	A	0.12%
	BKR	B	0.12%
	ADSK	A	0.12%
	CSL	C	0.12%
	DLR	B	0.12%
	STZ	D	0.12%
	CTVA	C	0.12%
	PPG	F	0.12%
	CPAY	A	0.12%
	TTD	B	0.12%
	SYY	B	0.12%
	UBER	D	0.12%
	FCNCA	A	0.11%
	LULU	C	0.11%
	TROW	B	0.11%
	DTE	C	0.11%
	AEE	A	0.11%
	ODFL	B	0.11%
	CRWD	B	0.11%
	AMT	D	0.11%
	CPRT	A	0.11%
	SRE	A	0.11%
	YUM	B	0.11%
	WEC	A	0.11%
	NDAQ	A	0.11%
	GEV	B	0.11%
	MET	A	0.11%
	HES	B	0.11%
	EQIX	A	0.11%
	MTD	D	0.11%
	XYL	D	0.1%
	TTWO	A	0.1%
	HUBB	B	0.1%
	IDXX	F	0.1%
	NEM	D	0.1%
	CINF	A	0.1%
	L	A	0.1%
	NTRS	A	0.1%
	CHD	B	0.1%
	KMB	D	0.1%
	EXPE	B	0.1%
	WAT	B	0.1%
	LPLA	A	0.1%
	BRO	B	0.1%
	BR	A	0.1%
	ULTA	F	0.1%
	CSGP	D	0.09%
	AVB	B	0.09%
	BALL	D	0.09%
	WRB	A	0.09%
	IRM	D	0.09%
	EXPD	D	0.09%
	BAH	F	0.09%
	HOLX	D	0.09%
	OXY	D	0.09%
	JBHT	C	0.09%
	CNP	B	0.09%
	WDC	D	0.09%
	FLEX	A	0.09%
	MNST	C	0.09%
	FE	C	0.09%
	MKL	A	0.09%
	BA	F	0.09%
	ES	D	0.09%
	K	A	0.09%
	CLX	B	0.09%
	TYL	B	0.09%
	HCA	F	0.09%
	FTV	C	0.09%
	MAS	D	0.08%
	DXCM	D	0.08%
	NI	A	0.08%
	TDY	B	0.08%
	EW	C	0.08%
	SQ	B	0.08%
	SLB	C	0.08%
	DDOG	A	0.08%
	AXON	A	0.08%
	MKC	D	0.08%
	SPOT	B	0.08%
	AWK	D	0.08%
	STE	F	0.08%
	MOH	F	0.08%
	ARES	A	0.08%
	HAL	C	0.08%
	FNF	B	0.08%
	ZBRA	B	0.08%
	EXR	D	0.08%
	O	D	0.08%
	STX	D	0.08%
	CMS	C	0.08%
	MPWR	F	0.08%
	LII	A	0.08%
	EQH	B	0.08%
	WY	D	0.08%
	WST	C	0.08%
	DASH	A	0.08%
	HUBS	A	0.08%
	BIIB	F	0.08%
	EG	C	0.07%
	EWBC	A	0.07%
	TRMB	B	0.07%
	AVY	D	0.07%
	DLTR	F	0.07%
	HSY	F	0.07%
	FSLR	F	0.07%
	IEX	B	0.07%
	CHRW	C	0.07%
	VEEV	C	0.07%
	VTR	C	0.07%
	TRU	D	0.07%
	PSA	D	0.07%
	COIN	C	0.07%
	KVUE	A	0.07%
	ALLE	D	0.07%
	CCI	D	0.07%
	IFF	D	0.07%
	FDS	B	0.07%
	TPL	A	0.07%
	CCL	B	0.07%
	CHTR	C	0.07%
	RPM	A	0.07%
	ATO	A	0.07%
	MANH	D	0.06%
	LBRDK	C	0.06%
	LYV	A	0.06%
	SBAC	D	0.06%
	WSO	A	0.06%
	USFD	A	0.06%
	JNPR	F	0.06%
	KMX	B	0.06%
	NRG	B	0.06%
	LNT	A	0.06%
	JLL	D	0.06%
	EME	C	0.06%
	WBD	C	0.06%
	EMN	D	0.06%
	ALNY	D	0.06%
	BURL	A	0.06%
	TEAM	A	0.05%
	CASY	A	0.05%
	CVNA	B	0.05%
	HOOD	B	0.05%
	ROL	B	0.05%
	AVTR	F	0.05%
	AFG	A	0.05%
	KDP	D	0.05%
	EQT	B	0.05%
	CBOE	B	0.05%
	NDSN	B	0.05%
	LECO	B	0.05%
	MAA	B	0.05%
	SEIC	B	0.05%
	VLTO	D	0.05%
	GL	B	0.05%
	JKHY	D	0.05%
	INVH	D	0.05%
	GGG	B	0.05%
	DPZ	C	0.05%
	ESS	B	0.05%
	ACM	A	0.05%
	NET	B	0.05%
	DKNG	B	0.04%
	MKTX	D	0.04%
	IBKR	A	0.04%
	CTLT	B	0.04%
	DAY	B	0.04%
	CLH	B	0.04%
	ERIE	D	0.04%
	ILMN	D	0.04%
	RNR	C	0.04%
	UDR	B	0.04%
	XPO	B	0.04%
	CRL	C	0.04%
	AOS	F	0.04%
	SNOW	C	0.04%
	ALV	C	0.04%
	ZS	C	0.04%
	FND	C	0.04%
	ALB	C	0.04%
	BJ	A	0.04%
	BMRN	D	0.04%
	INCY	C	0.04%
	SUI	D	0.04%
	MDB	C	0.04%
	AIZ	A	0.04%
	HAS	D	0.04%
	TXRH	C	0.04%
	PODD	C	0.04%
	PFGC	B	0.04%
	J	F	0.04%
	DVA	B	0.04%
	ATR	B	0.04%
	AES	F	0.04%
	HEI	B	0.04%
	ARE	D	0.04%
	LW	C	0.04%
	SCCO	F	0.03%
	H	B	0.03%
	BIO	D	0.03%
	CUBE	D	0.03%
	ABNB	C	0.03%
	CG	A	0.03%
	WTRG	B	0.03%
	PRI	A	0.03%
	WYNN	D	0.03%
	ALGN	D	0.03%
	WEX	D	0.03%
	SAIA	B	0.03%
	WMS	D	0.03%
	SF	B	0.03%
	MORN	B	0.03%
	AMH	D	0.03%
	LAMR	D	0.03%
	TTEK	F	0.03%
	HEI	B	0.03%
	CW	B	0.03%
	BLD	D	0.03%
	TECH	D	0.03%
	KNX	B	0.03%
	PSTG	D	0.03%
	CHDN	B	0.03%
	DOC	D	0.03%
	PINS	D	0.03%
	TW	A	0.03%
	GWRE	A	0.03%
	NBIX	C	0.03%
	ELS	C	0.03%
	BXP	D	0.03%
	ITT	A	0.03%
	TTC	D	0.03%
	CPT	B	0.03%
	RRX	B	0.03%
	Z	A	0.03%
	CIEN	B	0.02%
	RBLX	C	0.02%
	SMCI	F	0.02%
	EXP	A	0.02%
	APA	D	0.02%
	IOT	A	0.02%
	SRPT	D	0.02%
	EGP	F	0.02%
	NTRA	B	0.02%
	REXR	F	0.02%
	BWXT	B	0.02%
	RGEN	D	0.02%
	WBA	F	0.02%
	CNM	D	0.02%
	MEDP	D	0.02%
	PCTY	B	0.02%
	HLI	B	0.02%
	EXAS	D	0.02%
	FOX	A	0.02%
	NTNX	A	0.02%
	SNAP	C	0.02%
	EL	F	0.02%
	WWD	B	0.02%
	ROKU	D	0.02%
	ENPH	F	0.02%
	BRKR	D	0.02%
	FIX	A	0.02%
	TOST	B	0.02%
	FTI	A	0.02%
	SKX	D	0.02%
	WLK	D	0.02%
	KNSL	B	0.02%
	LNW	D	0.02%
	LUV	C	0.02%
	WSC	D	0.02%
	TPX	B	0.02%
	MRNA	F	0.02%
	SW	A	0.02%
	CHE	D	0.02%
	COHR	B	0.02%
	FRT	B	0.02%
	DCI	B	0.02%
	APPF	B	0.01%
	MHK	D	0.01%
	CR	A	0.01%
	RGLD	C	0.01%
	HALO	F	0.01%
	CNA	B	0.01%
	COTY	F	0.01%
	ATI	D	0.01%
	ENSG	D	0.01%
	ZG	A	0.01%
	CELH	F	0.01%
	GMED	A	0.01%
	CBSH	A	0.01%
	FLR	B	0.01%
	UI	A	0.01%
	RIVN	F	0.01%
	GNRC	B	0.01%
	GME	C	0.01%
	MTZ	B	0.01%
	AXTA	A	0.01%
	SSD	D	0.01%
	SN	D	0.01%
	AA	B	0.01%
	PEN	B	0.01%
	EVR	B	0.01%
	MLI	C	0.01%
	TKO	B	0.01%
	ELF	C	0.01%
	GTLB	B	0.01%
	SFM	A	0.01%
	SOFI	A	0.01%
	EDR	A	0.01%
	DUOL	A	0.01%
	MKSI	C	0.01%
	WING	D	0.01%
	PCVX	D	0.01%
	RBC	A	0.01%
	NYT	C	0.01%
	FN	D	0.01%
	ONTO	D	0.01%
	WMG	C	0.01%
	ICLR	D	0.01%
	APG	B	0.01%
	X	C	0.01%
	PCOR	B	0.01%
	CPNG	D	0.01%
	COKE	C	0.01%
	AFRM	B	0.01%
	COLD	D	0.01%
	NWS	B	0.01%
	RRC	B	0.01%
	AR	B	0.01%
	SMMT	D	0.0%
	BIRK	D	0.0%
	HLNE	B	0.0%
	ROIV	C	0.0%
	RKT	F	0.0%
	FCN	D	0.0%
	BFAM	D	0.0%
	ESTC	C	0.0%
	CHWY	B	0.0%
	AUR	C	0.0%
	INSM	C	0.0%
	LBRDA	C	0.0%

JHML Underweight 106 Positions Relative to JVAL

	Symbol	Grade	Weight
	R	B	-0.26%
	PEGA	A	-0.25%
	CMA	A	-0.23%
	SAIC	F	-0.23%
	SNV	B	-0.23%
	OSK	B	-0.22%
	NXST	C	-0.21%
	AVT	C	-0.21%
	DNB	B	-0.21%
	BC	C	-0.21%
	BPOP	B	-0.21%
	DLB	B	-0.21%
	FNB	A	-0.21%
	ZI	D	-0.21%
	OMF	A	-0.21%
	SLGN	A	-0.21%
	MSM	C	-0.2%
	WHR	B	-0.2%
	UGI	A	-0.2%
	VAC	B	-0.2%
	NFG	A	-0.2%
	HIW	D	-0.2%
	JHG	A	-0.2%
	AN	C	-0.2%
	MTG	C	-0.2%
	ARW	D	-0.19%
	FAF	A	-0.19%
	TNL	A	-0.19%
	THO	B	-0.19%
	COLB	A	-0.19%
	ZION	B	-0.19%
	RHI	B	-0.19%
	AGO	B	-0.19%
	ST	F	-0.18%
	BYD	C	-0.18%
	MGM	D	-0.18%
	M	D	-0.18%
	IVZ	B	-0.18%
	EPR	D	-0.18%
	AGCO	D	-0.17%
	STWD	C	-0.17%
	KSS	F	-0.17%
	HOG	D	-0.17%
	MAN	D	-0.17%
	DV	C	-0.17%
	WU	D	-0.16%
	CRUS	D	-0.16%
	AXS	A	-0.16%
	PVH	C	-0.16%
	DXC	B	-0.16%
	KRC	C	-0.15%
	CRI	D	-0.15%
	PB	A	-0.15%
	JWN	C	-0.15%
	CXT	B	-0.14%
	CLVT	F	-0.14%
	WEN	D	-0.14%
	G	B	-0.14%
	PK	B	-0.14%
	IPGP	D	-0.14%
	MDU	D	-0.13%
	GTES	A	-0.13%
	OZK	B	-0.13%
	JAZZ	B	-0.13%
	WH	B	-0.13%
	LEA	D	-0.13%
	FHB	A	-0.13%
	LPX	B	-0.12%
	NWL	B	-0.12%
	U	C	-0.12%
	POST	C	-0.12%
	BBWI	D	-0.12%
	SON	D	-0.12%
	LEG	F	-0.11%
	AGNC	D	-0.11%
	CNXC	F	-0.11%
	PINC	B	-0.11%
	CUZ	B	-0.11%
	ADTN	A	-0.11%
	TDC	D	-0.11%
	CWEN	C	-0.1%
	VOYA	B	-0.1%
	CIVI	D	-0.1%
	AAP	C	-0.1%
	AGR	B	-0.1%
	IAC	D	-0.1%
	SNDR	B	-0.1%
	COLM	B	-0.1%
	SPB	C	-0.1%
	DDS	B	-0.1%
	PRGO	B	-0.1%
	MPW	F	-0.09%
	PII	D	-0.09%
	BOKF	B	-0.09%
	SEE	C	-0.09%
	LNC	B	-0.08%
	MTN	C	-0.08%
	VFC	C	-0.08%
	FTRE	D	-0.07%
	OGN	D	-0.06%
	AL	B	-0.05%
	HUN	F	-0.03%
	CLF	F	-0.02%
	CPRI	F	-0.01%
	ALGM	D	-0.0%
	LOPE	B	-0.0%

JHML: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Software - Infrastructure Utilities - Regulated Electric Asset Management Biotechnology Semiconductors Capital Markets Specialty Retail Banks - Regional - US Oil & Gas E&P Aerospace & Defense Engineering & Construction Information Technology Services Insurance - Property & Casualty Packaged Foods Specialty Chemicals Medical Devices

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electronics Aerospace Electricity Chemical Dow Jones Component Medicine Telecommunications Mining Real Estate Investment Trust Semiconductor Bank Banking Biotechnology Insurance Products Beverage

JVAL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Semiconductors Information Technology Services Packaged Foods Packaging & Containers Software - Infrastructure Asset Management Oil & Gas E&P Diversified Industrials Semiconductor Equipment & Materials Specialty Retail Utilities - Regulated Electric Apparel Manufacturing Auto Parts Drug Manufacturers - Major Health Care Plans Internet Content & Information REIT - Retail REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Bank Banking Electronics Insurance Semiconductor Natural Gas Telecommunications Cloud Computing Dow Jones Component Integrated Circuits Aerospace Cash Management Financial Products Real Estate Investment Trust Commercial Banking Electricity Chemical