JHML vs. VCEB ETF Comparison

Comparison of John Hancock Multifactor Large Cap ETF (JHML) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

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

$69.27

Average Daily Volume

27,407

Number of Holdings ^*

749

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$64.97

Average Daily Volume

30,605

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	JHML	VCEB
30 Days	2.80%	1.53%
60 Days	5.05%	4.06%
90 Days	6.55%	5.85%
12 Months	32.03%	13.31%

221 Overlapping Holdings

	Symbol	Grade	Weight in JHML	Weight in VCEB	Overlap
	A	C	0.15%	0.02%	0.02%
	AAPL	C	3.96%	0.01%	0.01%
	ABBV	B	0.46%	0.03%	0.03%
	ABT	C	0.3%	0.03%	0.03%
	ACGL	B	0.18%	0.03%	0.03%
	ADBE	F	0.29%	0.01%	0.01%
	ADI	C	0.23%	0.01%	0.01%
	ADM	D	0.1%	0.02%	0.02%
	ADP	C	0.2%	0.03%	0.03%
	AFL	A	0.16%	0.05%	0.05%
	AIG	D	0.2%	0.01%	0.01%
	AJG	D	0.19%	0.02%	0.02%
	ALLY	F	0.08%	0.03%	0.03%
	AMAT	D	0.35%	0.01%	0.01%
	AMGN	D	0.33%	0.01%	0.01%
	AMP	B	0.27%	0.03%	0.03%
	AMT	C	0.14%	0.01%	0.01%
	AMZN	C	2.51%	0.01%	0.01%
	AON	B	0.15%	0.01%	0.01%
	APD	B	0.13%	0.02%	0.02%
	APH	C	0.24%	0.02%	0.02%
	ARE	C	0.05%	0.01%	0.01%
	AVGO	C	1.02%	0.02%	0.02%
	AWK	C	0.09%	0.02%	0.02%
	AXP	B	0.3%	0.01%	0.01%
	AZO	B	0.12%	0.04%	0.04%
	BAC	D	0.43%	0.02%	0.02%
	BAX	C	0.06%	0.02%	0.02%
	BDX	D	0.14%	0.03%	0.03%
	BEN	F	0.03%	0.02%	0.02%
	BERY	B	0.01%	0.01%	0.01%
	BG	F	0.07%	0.03%	0.03%
	BIIB	F	0.11%	0.01%	0.01%
	BK	B	0.22%	0.01%	0.01%
	BKNG	B	0.2%	0.02%	0.02%
	BLK	B	0.16%	0.02%	0.02%
	BMY	C	0.19%	0.03%	0.03%
	BR	C	0.1%	0.02%	0.02%
	BRX	C	0.0%	0.01%	0.0%
	BSX	B	0.21%	0.01%	0.01%
	BWA	C	0.03%	0.03%	0.03%
	BXP	C	0.04%	0.01%	0.01%
	C	C	0.23%	0.01%	0.01%
	CAG	B	0.06%	0.01%	0.01%
	CAH	C	0.12%	0.02%	0.02%
	CARR	B	0.21%	0.02%	0.02%
	CAT	B	0.38%	0.01%	0.01%
	CB	B	0.19%	0.01%	0.01%
	CCI	C	0.08%	0.01%	0.01%
	CF	B	0.08%	0.02%	0.02%
	CFG	D	0.09%	0.03%	0.03%
	CHTR	D	0.06%	0.02%	0.02%
	CI	C	0.22%	0.01%	0.01%
	CMCSA	C	0.35%	0.01%	0.01%
	CME	B	0.12%	0.02%	0.02%
	CMI	B	0.2%	0.02%	0.02%
	COF	B	0.2%	0.01%	0.01%
	CPB	C	0.05%	0.02%	0.02%
	CPT	C	0.04%	0.04%	0.04%
	CRM	C	0.31%	0.02%	0.02%
	CSCO	B	0.37%	0.02%	0.02%
	CSL	B	0.12%	0.02%	0.02%
	CTAS	C	0.18%	0.04%	0.04%
	CVS	D	0.15%	0.01%	0.01%
	DD	B	0.13%	0.06%	0.06%
	DE	A	0.23%	0.02%	0.02%
	DELL	C	0.07%	0.01%	0.01%
	DFS	C	0.21%	0.01%	0.01%
	DG	F	0.06%	0.03%	0.03%
	DGX	B	0.12%	0.03%	0.03%
	DHR	B	0.26%	0.01%	0.01%
	DIS	D	0.22%	0.01%	0.01%
	DLR	B	0.11%	0.01%	0.01%
	DLTR	F	0.08%	0.02%	0.02%
	DOC	B	0.04%	0.03%	0.03%
	DOW	C	0.16%	0.01%	0.01%
	DT	C	0.04%	0.19%	0.04%
	EA	D	0.13%	0.01%	0.01%
	EBAY	B	0.17%	0.01%	0.01%
	EFX	C	0.15%	0.02%	0.02%
	EG	B	0.07%	0.03%	0.03%
	EMN	B	0.07%	0.02%	0.02%
	EQH	C	0.08%	0.05%	0.05%
	EQIX	B	0.11%	0.03%	0.03%
	EQR	C	0.08%	0.03%	0.03%
	ETN	C	0.24%	0.03%	0.03%
	EXP	B	0.01%	0.01%	0.01%
	EXPE	C	0.08%	0.04%	0.04%
	FDX	D	0.18%	0.01%	0.01%
	FIS	C	0.12%	0.01%	0.01%
	FITB	B	0.16%	0.02%	0.02%
	FOXA	B	0.05%	0.01%	0.01%
	FTV	C	0.1%	0.03%	0.03%
	GILD	B	0.23%	0.01%	0.01%
	GIS	B	0.14%	0.03%	0.03%
	GLPI	C	0.04%	0.01%	0.01%
	GLW	B	0.16%	0.02%	0.02%
	GM	C	0.14%	0.01%	0.01%
	GOOGL	D	1.81%	0.02%	0.02%
	GPN	D	0.1%	0.01%	0.01%
	GS	B	0.31%	0.01%	0.01%
	GWW	B	0.14%	0.04%	0.04%
	HAS	B	0.05%	0.03%	0.03%
	HBAN	B	0.09%	0.02%	0.02%
	HCA	B	0.11%	0.02%	0.02%
	HD	B	0.52%	0.01%	0.01%
	HIG	B	0.24%	0.02%	0.02%
	HPE	C	0.09%	0.01%	0.01%
	HPQ	C	0.13%	0.01%	0.01%
	HRL	F	0.03%	0.02%	0.02%
	HST	D	0.04%	0.02%	0.02%
	HUM	F	0.12%	0.01%	0.01%
	IBM	B	0.39%	0.02%	0.02%
	ICE	C	0.17%	0.01%	0.01%
	IFF	A	0.09%	0.03%	0.03%
	INTC	D	0.16%	0.01%	0.01%
	ITW	B	0.19%	0.03%	0.03%
	JNJ	C	0.64%	0.01%	0.01%
	JPM	D	0.98%	0.01%	0.01%
	K	A	0.1%	0.03%	0.03%
	KDP	B	0.06%	0.01%	0.01%
	KEY	C	0.08%	0.01%	0.01%
	KLAC	D	0.25%	0.01%	0.01%
	KMB	C	0.11%	0.04%	0.04%
	KO	B	0.4%	0.01%	0.01%
	LEN	B	0.01%	0.04%	0.01%
	LEN	B	0.13%	0.04%	0.04%
	LLY	D	1.07%	0.03%	0.03%
	LOW	B	0.22%	0.01%	0.01%
	LRCX	D	0.22%	0.01%	0.01%
	LUV	C	0.02%	0.01%	0.01%
	MA	B	0.63%	0.03%	0.03%
	MAR	B	0.12%	0.01%	0.01%
	MCD	B	0.3%	0.01%	0.01%
	MCHP	D	0.2%	0.04%	0.04%
	MCK	F	0.15%	0.02%	0.02%
	MDLZ	C	0.19%	0.01%	0.01%
	MDT	B	0.16%	0.05%	0.05%
	MET	B	0.12%	0.01%	0.01%
	MKC	C	0.09%	0.02%	0.02%
	MLM	D	0.13%	0.02%	0.02%
	MMC	C	0.19%	0.04%	0.04%
	MMM	B	0.14%	0.01%	0.01%
	MOS	F	0.04%	0.06%	0.04%
	MRK	F	0.44%	0.01%	0.01%
	MRVL	D	0.19%	0.01%	0.01%
	MS	B	0.27%	0.01%	0.01%
	MSFT	C	3.91%	0.01%	0.01%
	MSI	B	0.16%	0.01%	0.01%
	MTB	C	0.13%	0.07%	0.07%
	MU	D	0.19%	0.03%	0.03%
	NEM	C	0.13%	0.02%	0.02%
	NKE	D	0.16%	0.01%	0.01%
	NOW	C	0.19%	0.04%	0.04%
	NTAP	D	0.15%	0.02%	0.02%
	NTRS	C	0.09%	0.03%	0.03%
	NVDA	C	2.79%	0.01%	0.01%
	NVR	B	0.19%	0.03%	0.03%
	NXPI	D	0.15%	0.01%	0.01%
	O	B	0.09%	0.02%	0.02%
	OMC	B	0.12%	0.02%	0.02%
	ORCL	B	0.4%	0.02%	0.02%
	ORLY	B	0.15%	0.03%	0.03%
	OTIS	B	0.12%	0.04%	0.04%
	PEP	D	0.37%	0.01%	0.01%
	PFE	D	0.29%	0.01%	0.01%
	PG	C	0.62%	0.01%	0.01%
	PGR	C	0.21%	0.05%	0.05%
	PH	B	0.22%	0.01%	0.01%
	PLD	C	0.17%	0.01%	0.01%
	PNC	C	0.17%	0.01%	0.01%
	PPG	C	0.13%	0.03%	0.03%
	PRU	C	0.21%	0.01%	0.01%
	PWR	B	0.15%	0.03%	0.03%
	PYPL	B	0.12%	0.01%	0.01%
	QCOM	D	0.37%	0.01%	0.01%
	QRVO	F	0.05%	0.02%	0.02%
	REGN	D	0.21%	0.02%	0.02%
	RF	B	0.13%	0.03%	0.03%
	RJF	C	0.11%	0.02%	0.02%
	RL	B	0.03%	0.02%	0.02%
	ROP	C	0.13%	0.03%	0.03%
	RPRX	C	0.03%	0.01%	0.01%
	RSG	D	0.14%	0.01%	0.01%
	SBUX	C	0.16%	0.02%	0.02%
	SCHW	D	0.15%	0.01%	0.01%
	SHW	B	0.23%	0.02%	0.02%
	SJM	C	0.05%	0.03%	0.03%
	SPG	B	0.11%	0.01%	0.01%
	STT	B	0.13%	0.01%	0.01%
	SWK	B	0.08%	0.02%	0.02%
	SYF	C	0.14%	0.03%	0.03%
	SYK	C	0.18%	0.01%	0.01%
	SYY	C	0.13%	0.01%	0.01%
	T	B	0.25%	0.01%	0.01%
	TFC	D	0.17%	0.01%	0.01%
	TGT	C	0.2%	0.01%	0.01%
	TJX	C	0.25%	0.07%	0.07%
	TMO	B	0.38%	0.01%	0.01%
	TMUS	B	0.2%	0.01%	0.01%
	TRV	C	0.2%	0.02%	0.02%
	TSN	D	0.07%	0.01%	0.01%
	TT	B	0.22%	0.02%	0.02%
	TXN	B	0.34%	0.01%	0.01%
	UHS	C	0.09%	0.02%	0.02%
	UNH	C	0.74%	0.01%	0.01%
	UPS	D	0.13%	0.01%	0.01%
	USB	C	0.16%	0.01%	0.01%
	V	C	0.68%	0.02%	0.02%
	VMC	C	0.13%	0.02%	0.02%
	VRSK	D	0.16%	0.04%	0.04%
	VRSN	C	0.07%	0.03%	0.03%
	VTR	C	0.07%	0.02%	0.02%
	VTRS	D	0.05%	0.01%	0.01%
	VZ	A	0.38%	0.02%	0.02%
	WAB	B	0.12%	0.03%	0.03%
	WBA	F	0.02%	0.02%	0.02%
	WELL	C	0.13%	0.01%	0.01%
	WM	D	0.24%	0.01%	0.01%
	ZBH	F	0.08%	0.03%	0.03%
	ZTS	B	0.16%	0.01%	0.01%

JHML Overweight 528 Positions Relative to VCEB

	Symbol	Grade	Weight
	META	B	1.8%
	BRK.A	C	1.06%
	XOM	D	0.72%
	WMT	B	0.62%
	TSLA	C	0.56%
	COST	C	0.5%
	GOOG	D	0.47%
	WFC	D	0.39%
	CVX	F	0.38%
	URI	B	0.36%
	AMD	C	0.36%
	ACN	C	0.34%
	NFLX	B	0.32%
	LIN	B	0.31%
	RTX	B	0.3%
	INTU	D	0.28%
	UNP	D	0.28%
	GE	C	0.26%
	ELV	D	0.26%
	COP	F	0.26%
	KR	B	0.25%
	SPGI	C	0.25%
	VLO	F	0.24%
	HON	C	0.23%
	ISRG	C	0.22%
	VRTX	D	0.22%
	LMT	A	0.22%
	CBRE	B	0.21%
	PM	C	0.21%
	PCAR	D	0.2%
	CMG	D	0.2%
	DUK	B	0.2%
	DHI	C	0.2%
	RCL	B	0.2%
	EOG	D	0.2%
	TEL	D	0.19%
	MCO	C	0.19%
	SNPS	F	0.19%
	SO	B	0.19%
	PEG	B	0.19%
	EXC	B	0.18%
	NUE	D	0.18%
	JCI	B	0.18%
	CDNS	D	0.18%
	NSC	C	0.18%
	IT	C	0.18%
	FICO	B	0.18%
	ALL	C	0.18%
	CSX	C	0.18%
	FAST	C	0.17%
	TDG	B	0.17%
	ANET	C	0.17%
	IQV	D	0.17%
	PHM	B	0.17%
	AEP	C	0.17%
	TSCO	B	0.17%
	ED	B	0.17%
	NEE	B	0.17%
	FCX	C	0.16%
	CL	C	0.16%
	GD	C	0.16%
	ROST	C	0.16%
	FANG	F	0.16%
	HWM	B	0.16%
	ETR	A	0.16%
	MPC	F	0.16%
	AME	C	0.16%
	EIX	B	0.16%
	PCG	C	0.15%
	XEL	B	0.15%
	BBY	A	0.15%
	VST	B	0.15%
	KMI	C	0.15%
	CTSH	B	0.15%
	EMR	D	0.15%
	PANW	D	0.15%
	LHX	C	0.14%
	MPWR	B	0.14%
	MO	C	0.14%
	LNG	D	0.14%
	UBER	C	0.14%
	IR	B	0.14%
	KKR	B	0.14%
	MTD	C	0.14%
	NOC	B	0.14%
	WTW	B	0.14%
	RMD	C	0.14%
	ROK	D	0.14%
	CNC	D	0.14%
	CEG	C	0.14%
	DOV	B	0.14%
	BLDR	C	0.14%
	APO	B	0.13%
	PAYX	C	0.13%
	PSX	F	0.13%
	STZ	C	0.13%
	CTVA	B	0.13%
	CDW	D	0.13%
	STLD	C	0.13%
	BX	C	0.13%
	GEHC	B	0.13%
	LYB	D	0.13%
	ECL	B	0.13%
	DTE	A	0.12%
	OKE	C	0.12%
	ON	D	0.12%
	PFG	B	0.12%
	WSM	C	0.12%
	WMB	C	0.12%
	PPL	A	0.12%
	IDXX	D	0.12%
	KEYS	B	0.12%
	HLT	B	0.12%
	SRE	B	0.11%
	AEE	B	0.11%
	GPC	D	0.11%
	BA	F	0.11%
	ANSS	D	0.11%
	CPAY	B	0.11%
	HES	F	0.11%
	ADSK	B	0.11%
	MSCI	C	0.11%
	TRGP	C	0.11%
	XYL	C	0.11%
	YUM	B	0.11%
	TTD	B	0.11%
	NDAQ	C	0.11%
	DRI	C	0.11%
	DECK	C	0.11%
	ULTA	D	0.11%
	FTNT	B	0.11%
	WEC	B	0.11%
	HUBB	B	0.1%
	MOH	D	0.1%
	PLTR	C	0.1%
	D	C	0.1%
	OXY	F	0.1%
	BRO	C	0.1%
	EXPD	B	0.1%
	BALL	C	0.1%
	CHD	C	0.1%
	TXT	D	0.1%
	L	D	0.1%
	WDC	C	0.1%
	FCNCA	D	0.1%
	HOLX	D	0.1%
	IP	C	0.1%
	FE	B	0.1%
	TROW	C	0.1%
	OC	C	0.1%
	PKG	B	0.1%
	GRMN	D	0.1%
	TER	C	0.1%
	ODFL	D	0.1%
	CPRT	D	0.1%
	BKR	C	0.1%
	ES	B	0.1%
	TTWO	D	0.09%
	FSLR	C	0.09%
	LII	C	0.09%
	MRO	D	0.09%
	MNST	D	0.09%
	GEV	B	0.09%
	WRB	D	0.09%
	MKL	C	0.09%
	CNP	C	0.09%
	CMS	B	0.09%
	JBHT	D	0.09%
	VRT	C	0.09%
	F	F	0.09%
	STE	B	0.09%
	LULU	D	0.09%
	AVB	C	0.09%
	STX	B	0.09%
	TYL	C	0.09%
	CRWD	D	0.09%
	CINF	C	0.09%
	WY	C	0.09%
	BAH	B	0.09%
	CLX	C	0.09%
	WAT	B	0.09%
	IRM	C	0.09%
	LDOS	A	0.09%
	EXR	C	0.09%
	RS	D	0.09%
	CSGP	D	0.09%
	EVRG	B	0.08%
	HSY	D	0.08%
	ALLE	B	0.08%
	DXCM	F	0.08%
	TRU	B	0.08%
	ARES	B	0.08%
	GDDY	C	0.08%
	ZBRA	B	0.08%
	PSA	C	0.08%
	FLEX	B	0.08%
	SLB	F	0.08%
	SWKS	F	0.08%
	WST	D	0.08%
	EW	F	0.08%
	MAS	B	0.08%
	WDAY	D	0.08%
	HAL	F	0.08%
	FNF	B	0.08%
	VICI	C	0.08%
	JLL	B	0.07%
	LNT	A	0.07%
	PNR	B	0.07%
	VEEV	C	0.07%
	RGA	C	0.07%
	HUBS	D	0.07%
	DASH	B	0.07%
	SBAC	C	0.07%
	CE	D	0.07%
	BURL	C	0.07%
	AMCR	B	0.07%
	DDOG	D	0.07%
	SCI	C	0.07%
	PTC	C	0.07%
	JBL	C	0.07%
	SSNC	C	0.07%
	RPM	B	0.07%
	KVUE	B	0.07%
	SNA	B	0.07%
	ALNY	C	0.07%
	FDS	C	0.07%
	DKS	D	0.07%
	LPLA	D	0.07%
	TDY	B	0.07%
	AKAM	D	0.07%
	ATO	B	0.07%
	AVY	C	0.07%
	IPG	C	0.07%
	KHC	C	0.07%
	CTRA	F	0.07%
	NI	B	0.07%
	JKHY	B	0.06%
	POOL	C	0.06%
	TPR	A	0.06%
	VLTO	B	0.06%
	WBD	D	0.06%
	EME	B	0.06%
	NRG	B	0.06%
	UTHR	B	0.06%
	CCK	B	0.06%
	ESS	C	0.06%
	MANH	B	0.06%
	CCL	C	0.06%
	TRMB	C	0.06%
	PNW	C	0.06%
	INVH	D	0.06%
	DOX	C	0.06%
	USFD	C	0.06%
	FFIV	B	0.06%
	WSO	C	0.06%
	DVN	F	0.06%
	SPOT	C	0.06%
	APP	C	0.06%
	AES	C	0.06%
	KMX	D	0.06%
	IEX	C	0.06%
	APTV	D	0.06%
	ENTG	D	0.06%
	SQ	D	0.06%
	JNPR	A	0.06%
	AVTR	C	0.06%
	CHRW	B	0.06%
	ARMK	B	0.05%
	BMRN	F	0.05%
	LECO	D	0.05%
	AOS	B	0.05%
	LKQ	F	0.05%
	FND	C	0.05%
	J	A	0.05%
	DVA	B	0.05%
	AFG	C	0.05%
	SUI	C	0.05%
	NET	D	0.05%
	ROL	C	0.05%
	LYV	A	0.05%
	TPL	C	0.05%
	ERIE	B	0.05%
	AXON	B	0.05%
	NDSN	C	0.05%
	DPZ	D	0.05%
	CBOE	C	0.05%
	HSIC	C	0.05%
	GL	D	0.05%
	HII	F	0.05%
	GGG	C	0.05%
	ACM	B	0.05%
	MAA	C	0.05%
	EWBC	C	0.05%
	REG	C	0.04%
	ELS	D	0.04%
	ALGN	D	0.04%
	LVS	C	0.04%
	PINS	D	0.04%
	SNOW	F	0.04%
	LAD	B	0.04%
	MKTX	D	0.04%
	INCY	C	0.04%
	ALB	D	0.04%
	BLD	C	0.04%
	TTC	F	0.04%
	EPAM	F	0.04%
	KIM	C	0.04%
	RRX	C	0.04%
	CHK	C	0.04%
	TECH	C	0.04%
	TXRH	B	0.04%
	TTEK	C	0.04%
	ILMN	D	0.04%
	ORI	B	0.04%
	WMS	D	0.04%
	CTLT	B	0.04%
	AIZ	B	0.04%
	OVV	F	0.04%
	LW	D	0.04%
	CLH	C	0.04%
	UNM	B	0.04%
	ZM	C	0.04%
	BJ	D	0.04%
	NWSA	D	0.04%
	PFGC	B	0.04%
	PODD	C	0.04%
	ALV	F	0.04%
	RNR	B	0.04%
	ENPH	D	0.04%
	EQT	C	0.04%
	DAL	C	0.04%
	MRNA	F	0.04%
	UDR	C	0.04%
	MDB	D	0.04%
	ATR	B	0.04%
	SMCI	F	0.04%
	LBRDK	C	0.04%
	TOL	A	0.04%
	CRL	F	0.04%
	TFX	B	0.04%
	TAP	D	0.04%
	CASY	D	0.04%
	COIN	F	0.04%
	THC	C	0.04%
	HEI	C	0.04%
	SEIC	B	0.04%
	GLOB	D	0.03%
	CG	C	0.03%
	KBR	D	0.03%
	CHE	C	0.03%
	SAIA	D	0.03%
	SCCO	C	0.03%
	PRI	B	0.03%
	H	B	0.03%
	BRKR	D	0.03%
	IBKR	B	0.03%
	WYNN	C	0.03%
	WSC	D	0.03%
	FRT	C	0.03%
	WLK	C	0.03%
	WBS	C	0.03%
	MTCH	C	0.03%
	BIO	C	0.03%
	PAYC	D	0.03%
	ABNB	D	0.03%
	WCC	C	0.03%
	LNW	F	0.03%
	CW	B	0.03%
	FHN	D	0.03%
	CACI	B	0.03%
	EXAS	D	0.03%
	XPO	D	0.03%
	EL	D	0.03%
	DAY	D	0.03%
	MORN	C	0.03%
	UHAL	B	0.03%
	NVT	C	0.03%
	WTRG	D	0.03%
	TEAM	D	0.03%
	GWRE	B	0.03%
	OKTA	F	0.03%
	TWLO	C	0.03%
	HEI	C	0.03%
	CUBE	C	0.03%
	GNTX	D	0.03%
	ITT	B	0.03%
	KNX	C	0.03%
	TW	B	0.03%
	CVNA	B	0.03%
	JEF	C	0.03%
	PSTG	F	0.03%
	LAMR	B	0.03%
	HOOD	C	0.03%
	Z	C	0.03%
	GPK	C	0.03%
	NBIX	F	0.03%
	AMH	D	0.03%
	CHDN	D	0.03%
	ZS	F	0.03%
	WPC	C	0.03%
	WEX	C	0.03%
	FMC	B	0.03%
	DKNG	C	0.03%
	PCVX	C	0.02%
	ONTO	C	0.02%
	PCTY	D	0.02%
	IOT	C	0.02%
	SNX	C	0.02%
	NTNX	D	0.02%
	MUSA	D	0.02%
	PARA	D	0.02%
	HLI	C	0.02%
	FOX	B	0.02%
	CNM	F	0.02%
	COLD	D	0.02%
	RGEN	F	0.02%
	FTI	D	0.02%
	FIX	B	0.02%
	OHI	C	0.02%
	ICLR	F	0.02%
	APA	F	0.02%
	EGP	C	0.02%
	COHR	C	0.02%
	DBX	C	0.02%
	SNAP	D	0.02%
	EHC	B	0.02%
	OLED	D	0.02%
	SRPT	F	0.02%
	MEDP	F	0.02%
	WWD	C	0.02%
	SW	B	0.02%
	CRBG	C	0.02%
	KNSL	D	0.02%
	TPX	B	0.02%
	REXR	C	0.02%
	ACI	F	0.02%
	ROKU	D	0.02%
	SKX	C	0.02%
	DINO	F	0.02%
	DOCU	C	0.02%
	NNN	B	0.02%
	SF	B	0.02%
	BSY	C	0.02%
	UAL	B	0.02%
	DCI	C	0.02%
	SOLV	D	0.02%
	INSM	D	0.01%
	FCN	C	0.01%
	FLR	D	0.01%
	RKT	C	0.01%
	APPF	C	0.01%
	GNRC	D	0.01%
	MTZ	C	0.01%
	GME	D	0.01%
	AA	C	0.01%
	BFAM	C	0.01%
	GMED	D	0.01%
	PSN	B	0.01%
	ZG	C	0.01%
	CBSH	D	0.01%
	GAP	F	0.01%
	RGLD	C	0.01%
	SOFI	D	0.01%
	MHK	B	0.01%
	PR	F	0.01%
	EVR	B	0.01%
	AMKR	F	0.01%
	CNA	D	0.01%
	HRB	C	0.01%
	HALO	D	0.01%
	ENSG	D	0.01%
	ATI	C	0.01%
	AXTA	B	0.01%
	SFM	B	0.01%
	OGE	B	0.01%
	PEN	D	0.01%
	MLI	B	0.01%
	COTY	D	0.01%
	DUOL	C	0.01%
	GFS	F	0.01%
	GTLB	D	0.01%
	WAL	B	0.01%
	CELH	F	0.01%
	SSD	C	0.01%
	AYI	B	0.01%
	ELF	F	0.01%
	RIVN	F	0.01%
	SN	B	0.01%
	ALSN	B	0.01%
	TKO	A	0.01%
	PATH	D	0.01%
	AFRM	D	0.01%
	CNH	C	0.01%
	EDR	A	0.01%
	CROX	C	0.01%
	PCOR	D	0.01%
	FN	C	0.01%
	PAG	D	0.01%
	WMG	D	0.01%
	RBC	B	0.01%
	MKSI	F	0.01%
	X	F	0.01%
	NYT	B	0.01%
	CIEN	B	0.01%
	BWXT	A	0.01%
	APG	F	0.01%
	NWS	D	0.01%
	CPNG	B	0.01%
	RRC	D	0.01%
	AR	C	0.01%
	COKE	C	0.01%
	WING	C	0.01%
	RBLX	C	0.01%
	TOST	C	0.01%
	INGR	B	0.01%
	NTRA	C	0.01%
	INFA	D	0.0%
	BIRK	F	0.0%
	SMMT	D	0.0%
	HLNE	B	0.0%
	AUR	C	0.0%
	LBRDA	C	0.0%
	UHAL	B	0.0%
	PPC	D	0.0%
	ESTC	F	0.0%
	UI	B	0.0%
	CHWY	D	0.0%
	CR	B	0.0%

JHML Underweight 25 Positions Relative to VCEB

	Symbol	Grade	Weight
	WRK	C	-0.06%
	STLA	F	-0.04%
	CMA	C	-0.03%
	LH	D	-0.03%
	BHF	F	-0.03%
	VOD	C	-0.03%
	HUN	C	-0.02%
	LEA	D	-0.02%
	XRAY	D	-0.02%
	VFC	B	-0.02%
	BABA	B	-0.02%
	DB	B	-0.02%
	HSBC	B	-0.02%
	GSK	D	-0.02%
	AZN	D	-0.02%
	WB	C	-0.01%
	BMO	C	-0.01%
	CM	B	-0.01%
	AER	C	-0.01%
	BNS	B	-0.01%
	AL	C	-0.01%
	TD	C	-0.01%
	NWG	B	-0.01%
	MUFG	D	-0.01%
	RY	A	-0.01%

JHML: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Software - Infrastructure Utilities - Regulated Electric Diagnostics & Research Asset Management Semiconductors Biotechnology Capital Markets Oil & Gas E&P Specialty Retail Banks - Regional - US 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 Telecommunications Dow Jones Component Medicine Mining Real Estate Investment Trust Semiconductor Bank Banking IBD 50 Biotechnology Insurance Products

VCEB: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Banks - Regional - US Semiconductors Business Services Credit Services Packaged Foods Asset Management Chemicals Diagnostics & Research Diversified Industrials Medical Devices Specialty Retail Telecom Services Capital Markets Health Care Plans Insurance - Diversified Insurance - Life Software - Application Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Insurance Banking Computing Investment Bank Financial Products Cash Management Commercial Banking Medicine Insurance Products Real Estate Investment Trust Disability Investment Management Asset Management Services Investment Banking Telecommunications Electronics