JHMM vs. JVAL ETF Comparison

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

JHMM

John Hancock Multifactor Mid Cap ETF

JHMM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the John Hancock Dimensional Mid 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 between the 200th and 951st largest U.S. Company at the time of reconstitution.

Grade (RS Rating)

Last Trade

$64.05

Average Daily Volume

181,985

Number of Holdings ^*

639

* 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	JHMM	JVAL
30 Days	6.45%	4.55%
60 Days	7.02%	4.91%
90 Days	9.13%	6.18%
12 Months	33.74%	29.11%

211 Overlapping Holdings

	Symbol	Grade	Weight in JHMM	Weight in JVAL	Overlap
	ACI	C	0.09%	0.17%	0.09%
	ADTN	A	0.06%	0.11%	0.06%
	AGCO	D	0.13%	0.17%	0.13%
	AKAM	D	0.2%	0.21%	0.2%
	ALLY	C	0.24%	0.21%	0.21%
	ALSN	B	0.17%	0.29%	0.17%
	AMCR	D	0.15%	0.22%	0.15%
	AMKR	D	0.07%	0.07%	0.07%
	AN	C	0.16%	0.2%	0.16%
	ANSS	B	0.31%	0.19%	0.19%
	APP	B	0.35%	0.87%	0.35%
	ARMK	B	0.17%	0.13%	0.13%
	ARW	D	0.15%	0.19%	0.15%
	AXS	A	0.04%	0.16%	0.04%
	AYI	B	0.17%	0.2%	0.17%
	BAX	D	0.11%	0.13%	0.11%
	BBWI	D	0.08%	0.12%	0.08%
	BBY	D	0.25%	0.23%	0.23%
	BEN	C	0.08%	0.14%	0.08%
	BERY	B	0.18%	0.19%	0.18%
	BG	F	0.19%	0.14%	0.14%
	BLDR	D	0.34%	0.25%	0.25%
	BOKF	B	0.05%	0.09%	0.05%
	BPOP	B	0.11%	0.21%	0.11%
	BRX	A	0.09%	0.01%	0.01%
	BSY	D	0.08%	0.11%	0.08%
	BWA	D	0.15%	0.16%	0.15%
	CACI	D	0.18%	0.26%	0.18%
	CAG	D	0.12%	0.2%	0.12%
	CCK	C	0.17%	0.22%	0.17%
	CDW	F	0.27%	0.24%	0.24%
	CE	F	0.1%	0.04%	0.04%
	CF	B	0.17%	0.06%	0.06%
	CFG	B	0.23%	0.28%	0.23%
	CIVI	D	0.07%	0.1%	0.07%
	CLF	F	0.12%	0.02%	0.02%
	CMA	A	0.17%	0.23%	0.17%
	CMI	A	0.18%	0.4%	0.18%
	CNH	C	0.09%	0.18%	0.09%
	CPB	D	0.13%	0.17%	0.13%
	CRBG	B	0.08%	0.18%	0.08%
	CROX	D	0.1%	0.11%	0.1%
	CRUS	D	0.05%	0.16%	0.05%
	CTRA	B	0.2%	0.24%	0.2%
	DAL	C	0.14%	0.27%	0.14%
	DBX	B	0.11%	0.24%	0.11%
	DD	D	0.12%	0.31%	0.12%
	DDS	B	0.03%	0.1%	0.03%
	DGX	A	0.3%	0.25%	0.25%
	DINO	D	0.1%	0.16%	0.1%
	DKS	C	0.17%	0.21%	0.17%
	DLB	B	0.08%	0.21%	0.08%
	DOCU	A	0.18%	0.19%	0.18%
	DOV	A	0.35%	0.3%	0.3%
	DOX	D	0.21%	0.22%	0.21%
	DRI	B	0.23%	0.23%	0.23%
	DT	C	0.11%	0.06%	0.06%
	EBAY	D	0.31%	0.3%	0.3%
	EHC	B	0.2%	0.15%	0.15%
	ENTG	D	0.17%	0.12%	0.12%
	EPAM	C	0.14%	0.27%	0.14%
	EQR	B	0.15%	0.04%	0.04%
	ETR	B	0.39%	0.33%	0.33%
	EVRG	A	0.25%	0.24%	0.24%
	FAF	A	0.12%	0.19%	0.12%
	FANG	D	0.34%	0.06%	0.06%
	FBIN	D	0.18%	0.12%	0.12%
	FFIV	B	0.27%	0.27%	0.27%
	FHN	A	0.13%	0.19%	0.13%
	FITB	A	0.36%	0.32%	0.32%
	FMC	D	0.08%	0.12%	0.08%
	FOXA	B	0.19%	0.25%	0.19%
	G	B	0.13%	0.14%	0.13%
	GAP	C	0.07%	0.19%	0.07%
	GDDY	A	0.26%	0.32%	0.26%
	GEN	B	0.24%	0.27%	0.24%
	GLOB	B	0.15%	0.16%	0.15%
	GLPI	C	0.13%	0.13%	0.13%
	GLW	B	0.31%	0.33%	0.31%
	GNTX	C	0.12%	0.18%	0.12%
	GPC	D	0.19%	0.19%	0.19%
	GPK	C	0.14%	0.21%	0.14%
	GPN	B	0.14%	0.19%	0.14%
	GRMN	B	0.29%	0.33%	0.29%
	HBAN	A	0.26%	0.3%	0.26%
	HII	D	0.12%	0.16%	0.12%
	HPE	B	0.32%	0.32%	0.32%
	HPQ	B	0.1%	0.32%	0.1%
	HRB	D	0.11%	0.2%	0.11%
	HRL	D	0.06%	0.1%	0.06%
	HSIC	B	0.17%	0.06%	0.06%
	HST	C	0.12%	0.14%	0.12%
	INFA	D	0.02%	0.11%	0.02%
	INGR	B	0.19%	0.15%	0.15%
	IP	B	0.26%	0.26%	0.26%
	IPG	D	0.21%	0.17%	0.17%
	IVZ	B	0.12%	0.18%	0.12%
	JAZZ	B	0.14%	0.13%	0.13%
	JBL	B	0.24%	0.29%	0.24%
	JEF	A	0.22%	0.28%	0.22%
	KBR	F	0.11%	0.24%	0.11%
	KEY	B	0.19%	0.22%	0.19%
	KIM	A	0.15%	0.23%	0.15%
	KR	B	0.26%	0.32%	0.26%
	LAD	A	0.19%	0.24%	0.19%
	LDOS	C	0.22%	0.32%	0.22%
	LEA	D	0.11%	0.13%	0.11%
	LH	C	0.31%	0.16%	0.16%
	LKQ	D	0.15%	0.16%	0.15%
	LPX	B	0.07%	0.12%	0.07%
	LYB	F	0.17%	0.23%	0.17%
	MOS	F	0.12%	0.21%	0.12%
	MRO	B	0.22%	0.25%	0.22%
	MTB	A	0.36%	0.27%	0.27%
	MTCH	D	0.08%	0.18%	0.08%
	MTG	C	0.05%	0.2%	0.05%
	MTN	C	0.11%	0.08%	0.08%
	MUSA	A	0.14%	0.16%	0.14%
	NNN	D	0.08%	0.1%	0.08%
	NTAP	C	0.29%	0.27%	0.27%
	NVR	D	0.36%	0.2%	0.2%
	NVT	B	0.17%	0.04%	0.04%
	NWSA	B	0.16%	0.23%	0.16%
	NXST	C	0.14%	0.21%	0.14%
	OC	A	0.39%	0.26%	0.26%
	OGE	B	0.15%	0.23%	0.15%
	OHI	C	0.1%	0.22%	0.1%
	OKTA	C	0.08%	0.13%	0.08%
	OLED	D	0.13%	0.19%	0.13%
	OMC	C	0.26%	0.25%	0.25%
	OMF	A	0.05%	0.21%	0.05%
	ORI	A	0.17%	0.23%	0.17%
	OSK	B	0.14%	0.22%	0.14%
	OVV	B	0.18%	0.19%	0.18%
	PAG	B	0.07%	0.18%	0.07%
	PARA	C	0.05%	0.12%	0.05%
	PATH	C	0.04%	0.13%	0.04%
	PAYC	B	0.11%	0.31%	0.11%
	PB	A	0.1%	0.15%	0.1%
	PEGA	A	0.03%	0.25%	0.03%
	PFG	D	0.25%	0.25%	0.25%
	PHM	D	0.4%	0.27%	0.27%
	PKG	A	0.23%	0.29%	0.23%
	PNR	A	0.25%	0.29%	0.25%
	PNW	B	0.2%	0.22%	0.2%
	POOL	C	0.16%	0.13%	0.13%
	POST	C	0.12%	0.12%	0.12%
	PPC	C	0.04%	0.09%	0.04%
	PPL	B	0.2%	0.27%	0.2%
	PR	B	0.1%	0.13%	0.1%
	PSN	D	0.05%	0.15%	0.05%
	PTC	A	0.24%	0.18%	0.18%
	PVH	C	0.07%	0.16%	0.07%
	QRVO	F	0.12%	0.14%	0.12%
	R	B	0.08%	0.26%	0.08%
	REG	B	0.13%	0.12%	0.12%
	RF	A	0.29%	0.26%	0.26%
	RGA	A	0.24%	0.09%	0.09%
	RHI	B	0.15%	0.19%	0.15%
	RL	B	0.14%	0.22%	0.14%
	RPRX	D	0.07%	0.11%	0.07%
	RS	B	0.24%	0.26%	0.24%
	RVTY	F	0.18%	0.14%	0.14%
	SAIC	F	0.12%	0.23%	0.12%
	SCI	B	0.29%	0.24%	0.24%
	SIRI	C	0.01%	0.1%	0.01%
	SJM	D	0.14%	0.14%	0.14%
	SNA	A	0.27%	0.31%	0.27%
	SNV	B	0.04%	0.23%	0.04%
	SNX	C	0.09%	0.22%	0.09%
	SOLV	C	0.08%	0.05%	0.05%
	SON	D	0.11%	0.12%	0.11%
	SSNC	B	0.21%	0.24%	0.21%
	ST	F	0.12%	0.18%	0.12%
	STT	A	0.28%	0.29%	0.28%
	SWK	D	0.16%	0.12%	0.12%
	SWKS	F	0.18%	0.2%	0.18%
	SYF	B	0.43%	0.34%	0.34%
	TAP	C	0.15%	0.25%	0.15%
	TER	D	0.22%	0.22%	0.22%
	TFX	F	0.13%	0.07%	0.07%
	THC	D	0.23%	0.21%	0.21%
	THO	B	0.06%	0.19%	0.06%
	TOL	B	0.31%	0.25%	0.25%
	TPR	B	0.26%	0.24%	0.24%
	TSN	B	0.16%	0.1%	0.1%
	TWLO	A	0.19%	0.37%	0.19%
	TXT	D	0.18%	0.19%	0.18%
	U	C	0.04%	0.12%	0.04%
	UAL	A	0.15%	0.27%	0.15%
	UHAL	D	0.01%	0.04%	0.01%
	UHAL	D	0.11%	0.04%	0.04%
	UHS	D	0.22%	0.2%	0.2%
	UNM	A	0.21%	0.28%	0.21%
	UTHR	C	0.3%	0.26%	0.26%
	VFC	C	0.05%	0.08%	0.05%
	VICI	C	0.17%	0.28%	0.17%
	VOYA	B	0.13%	0.1%	0.1%
	VRSN	F	0.14%	0.14%	0.14%
	VRT	B	0.32%	0.43%	0.32%
	VTRS	A	0.26%	0.24%	0.24%
	WAL	B	0.18%	0.22%	0.18%
	WBS	A	0.16%	0.17%	0.16%
	WCC	B	0.21%	0.27%	0.21%
	WH	B	0.14%	0.13%	0.13%
	WHR	B	0.11%	0.2%	0.11%
	WPC	D	0.1%	0.12%	0.1%
	WSM	B	0.25%	0.21%	0.21%
	ZBH	C	0.25%	0.17%	0.17%
	ZION	B	0.17%	0.19%	0.17%
	ZM	B	0.17%	0.31%	0.17%

JHMM Overweight 428 Positions Relative to JVAL

	Symbol	Grade	Weight
	URI	B	0.66%
	AMP	A	0.57%
	VST	B	0.54%
	FICO	B	0.48%
	TRGP	B	0.46%
	AME	A	0.44%
	FAST	B	0.43%
	HWM	A	0.43%
	HIG	B	0.43%
	FLEX	A	0.42%
	PWR	A	0.42%
	IT	C	0.4%
	RCL	A	0.37%
	CBRE	B	0.37%
	WAB	B	0.36%
	TSCO	D	0.35%
	EIX	B	0.35%
	VRSK	A	0.35%
	LNG	B	0.35%
	COR	B	0.33%
	TPL	A	0.33%
	ACGL	D	0.33%
	FCNCA	A	0.33%
	ROK	B	0.32%
	WTW	B	0.32%
	RMD	C	0.32%
	RJF	A	0.32%
	DECK	A	0.31%
	KEYS	A	0.31%
	EQH	B	0.31%
	IR	B	0.31%
	STLD	B	0.31%
	DFS	B	0.31%
	TTWO	A	0.31%
	HUBB	B	0.3%
	EME	C	0.3%
	LPLA	A	0.29%
	NDAQ	A	0.29%
	MLM	B	0.29%
	IRM	D	0.29%
	BR	A	0.29%
	BKR	B	0.29%
	NI	A	0.28%
	EXR	D	0.28%
	CAH	B	0.28%
	USFD	A	0.27%
	AXON	A	0.27%
	ZBRA	B	0.27%
	CSL	C	0.27%
	MPWR	F	0.26%
	CASY	A	0.26%
	EFX	F	0.26%
	FSLR	F	0.26%
	CPAY	A	0.26%
	TYL	B	0.26%
	EWBC	A	0.26%
	HOLX	D	0.25%
	MTD	D	0.25%
	PCG	A	0.25%
	CNP	B	0.25%
	TRMB	B	0.25%
	WDC	D	0.25%
	VMC	B	0.25%
	BAH	F	0.24%
	WST	C	0.24%
	COHR	B	0.24%
	LII	A	0.24%
	WEC	A	0.23%
	TDY	B	0.23%
	JNPR	F	0.23%
	STE	F	0.23%
	AEE	A	0.23%
	BRO	B	0.23%
	MKL	A	0.22%
	ACM	A	0.22%
	FDS	B	0.22%
	RNR	C	0.22%
	CHD	B	0.22%
	NRG	B	0.22%
	GWRE	A	0.22%
	JLL	D	0.22%
	HUBS	A	0.22%
	MOH	F	0.22%
	XYL	D	0.22%
	EXPD	D	0.22%
	XPO	B	0.21%
	IBKR	A	0.21%
	CLH	B	0.21%
	MANH	D	0.21%
	CINF	A	0.21%
	ULTA	F	0.21%
	CIEN	B	0.21%
	WAT	B	0.21%
	PFGC	B	0.21%
	BURL	A	0.21%
	TROW	B	0.21%
	DTE	C	0.21%
	FTV	C	0.2%
	ALLE	D	0.2%
	GGG	B	0.2%
	ALNY	D	0.2%
	EXPE	B	0.2%
	FE	C	0.2%
	ITT	A	0.2%
	NTRS	A	0.2%
	SF	B	0.2%
	BJ	A	0.19%
	AIZ	A	0.19%
	PODD	C	0.19%
	EMN	D	0.19%
	ATO	A	0.19%
	EXEL	B	0.19%
	AVY	D	0.19%
	LNT	A	0.19%
	L	A	0.19%
	CMS	C	0.19%
	RPM	A	0.19%
	BLD	D	0.19%
	WRB	A	0.19%
	HOOD	B	0.18%
	ARES	A	0.18%
	ATR	B	0.18%
	CLX	B	0.18%
	TXRH	C	0.18%
	STX	D	0.18%
	JBHT	C	0.18%
	CHRW	C	0.18%
	SAIA	B	0.18%
	BALL	D	0.18%
	AFG	A	0.18%
	HAL	C	0.18%
	CRL	C	0.18%
	FNF	B	0.18%
	AWK	D	0.18%
	K	A	0.18%
	MAS	D	0.17%
	CVNA	B	0.17%
	CCL	B	0.17%
	NCLH	B	0.17%
	IEX	B	0.17%
	EQT	B	0.17%
	JKHY	D	0.17%
	WSO	A	0.17%
	ES	D	0.17%
	KMX	B	0.17%
	NDSN	B	0.17%
	FIX	A	0.17%
	CW	B	0.17%
	GL	B	0.17%
	RRX	B	0.16%
	DAY	B	0.16%
	WY	D	0.16%
	VTR	C	0.16%
	ALV	C	0.16%
	DLTR	F	0.16%
	PRI	A	0.16%
	SEIC	B	0.16%
	PSTG	D	0.16%
	NBIX	C	0.16%
	DCI	B	0.16%
	LECO	B	0.16%
	EG	C	0.16%
	FYBR	D	0.15%
	DVA	B	0.15%
	X	C	0.15%
	GNRC	B	0.15%
	WWD	B	0.15%
	AIT	A	0.15%
	TRU	D	0.15%
	CBOE	B	0.15%
	TECH	D	0.15%
	KNX	B	0.15%
	DPZ	C	0.15%
	IFF	D	0.15%
	AVTR	F	0.15%
	SFM	A	0.15%
	AVB	B	0.15%
	VLTO	D	0.14%
	CBSH	A	0.14%
	FND	C	0.14%
	KNSL	B	0.14%
	GMED	A	0.14%
	AOS	F	0.14%
	BWXT	B	0.14%
	CTLT	B	0.14%
	LW	C	0.14%
	AXTA	A	0.14%
	UDR	B	0.14%
	MKC	D	0.14%
	MKSI	C	0.14%
	HAS	D	0.14%
	MKTX	D	0.13%
	LAMR	D	0.13%
	SW	A	0.13%
	EXP	A	0.13%
	CPT	B	0.13%
	UFPI	B	0.13%
	CHDN	B	0.13%
	TTC	D	0.13%
	PNFP	B	0.13%
	NTRA	B	0.13%
	WTFC	A	0.13%
	LYV	A	0.13%
	NYT	C	0.13%
	INCY	C	0.13%
	Z	A	0.13%
	TTEK	F	0.13%
	SKX	D	0.13%
	WMS	D	0.13%
	CHE	D	0.13%
	BMRN	D	0.12%
	AR	B	0.12%
	WEX	D	0.12%
	ENSG	D	0.12%
	LBRDK	C	0.12%
	LNW	D	0.12%
	TPX	B	0.12%
	MORN	B	0.12%
	ESS	B	0.12%
	AMH	D	0.12%
	CMC	B	0.12%
	RRC	B	0.12%
	TOST	B	0.12%
	CFR	B	0.12%
	ELS	C	0.12%
	J	F	0.12%
	MTZ	B	0.12%
	HLI	B	0.12%
	PPG	F	0.12%
	MIDD	C	0.12%
	INVH	D	0.12%
	AES	F	0.12%
	LFUS	F	0.12%
	ELAN	D	0.11%
	MEDP	D	0.11%
	LSTR	D	0.11%
	CR	A	0.11%
	HEI	B	0.11%
	TREX	C	0.11%
	MAT	D	0.11%
	PCTY	B	0.11%
	FTI	A	0.11%
	WSC	D	0.11%
	SOFI	A	0.11%
	CUBE	D	0.11%
	BIO	D	0.11%
	CG	A	0.11%
	SBAC	D	0.11%
	APG	B	0.11%
	ARE	D	0.11%
	WTRG	B	0.11%
	GXO	B	0.11%
	MASI	A	0.11%
	ROL	B	0.11%
	MAA	B	0.11%
	DAR	C	0.11%
	MHK	D	0.11%
	NET	B	0.11%
	BXP	D	0.11%
	ERIE	D	0.11%
	RGLD	C	0.11%
	EVR	B	0.11%
	NTNX	A	0.1%
	RLI	B	0.1%
	WYNN	D	0.1%
	DOC	D	0.1%
	BRKR	D	0.1%
	ONTO	D	0.1%
	MLI	C	0.1%
	PINS	D	0.1%
	TMHC	B	0.1%
	SSB	B	0.1%
	MTDR	B	0.1%
	CGNX	C	0.1%
	RBLX	C	0.1%
	DTM	B	0.1%
	SSD	D	0.1%
	HQY	B	0.1%
	ALGN	D	0.1%
	CNM	D	0.1%
	MDB	C	0.09%
	WBD	C	0.09%
	LSCC	D	0.09%
	PLNT	A	0.09%
	APA	D	0.09%
	DUOL	A	0.09%
	COKE	C	0.09%
	HEI	B	0.09%
	ZS	C	0.09%
	ROKU	D	0.09%
	TW	A	0.09%
	AFRM	B	0.09%
	ANF	C	0.09%
	BRBR	A	0.09%
	JXN	C	0.09%
	REXR	F	0.09%
	ESAB	B	0.09%
	FOX	A	0.09%
	BILL	A	0.09%
	HALO	F	0.09%
	VEEV	C	0.09%
	SUI	D	0.09%
	EXAS	D	0.09%
	DKNG	B	0.09%
	FN	D	0.09%
	RBC	A	0.09%
	FRT	B	0.09%
	AAON	B	0.09%
	RGEN	D	0.09%
	FCN	D	0.09%
	H	B	0.08%
	ESNT	D	0.08%
	NOV	C	0.08%
	WING	D	0.08%
	ICLR	D	0.08%
	SPSC	C	0.08%
	TKR	D	0.08%
	FLR	B	0.08%
	PEN	B	0.08%
	EGP	F	0.08%
	SITE	D	0.08%
	MUR	D	0.08%
	ALB	C	0.08%
	SRPT	D	0.08%
	CHRD	D	0.08%
	NSIT	F	0.08%
	NOVT	D	0.08%
	FLS	B	0.08%
	MTSI	B	0.08%
	MSA	D	0.08%
	ACHC	F	0.07%
	STAG	F	0.07%
	NWS	B	0.07%
	ADC	B	0.07%
	ENPH	F	0.07%
	PCVX	D	0.07%
	ILMN	D	0.07%
	FR	C	0.07%
	ATI	D	0.07%
	HLNE	B	0.07%
	WFRD	D	0.07%
	WTS	B	0.07%
	WLK	D	0.06%
	EDR	A	0.06%
	CHX	C	0.06%
	SIGI	C	0.06%
	BFAM	D	0.06%
	ESTC	C	0.06%
	COLD	D	0.06%
	FOUR	B	0.06%
	EXLS	B	0.06%
	ITCI	C	0.06%
	CHH	A	0.06%
	TKO	B	0.06%
	ELF	C	0.06%
	SMAR	A	0.06%
	S	B	0.06%
	SMCI	F	0.05%
	AM	A	0.05%
	RVMD	C	0.05%
	RHP	B	0.05%
	CVLT	B	0.05%
	TRNO	F	0.05%
	AZEK	A	0.05%
	IBP	D	0.05%
	ESI	A	0.05%
	APPF	B	0.05%
	SNAP	C	0.05%
	BMI	B	0.05%
	GTLB	B	0.05%
	SN	D	0.05%
	PCOR	B	0.05%
	ETSY	D	0.05%
	ALTR	B	0.05%
	SUM	B	0.05%
	ONB	B	0.05%
	GME	C	0.05%
	AA	B	0.05%
	VNO	B	0.04%
	ENLC	A	0.04%
	CSGP	D	0.04%
	ZWS	B	0.04%
	CYTK	F	0.04%
	HCP	B	0.04%
	CFLT	B	0.04%
	DOCS	C	0.04%
	LUV	C	0.04%
	CACC	D	0.04%
	IOT	A	0.04%
	COTY	F	0.04%
	CRS	A	0.04%
	MOG.A	B	0.04%
	MOD	A	0.04%
	LNTH	D	0.04%
	INSM	C	0.04%
	AAL	B	0.03%
	CELH	F	0.03%
	NEU	C	0.03%
	AUR	C	0.03%
	GKOS	B	0.03%
	FRPT	B	0.03%
	CWST	A	0.03%
	BPMC	C	0.03%
	WMG	C	0.03%
	IONS	F	0.03%
	RCM	F	0.03%
	VKTX	F	0.03%
	ROIV	C	0.03%
	BECN	B	0.02%
	UI	A	0.02%
	CHWY	B	0.02%
	CNA	B	0.02%
	LBRDA	C	0.02%
	VERX	B	0.02%
	CWAN	B	0.02%
	REYN	D	0.02%
	LEVI	F	0.02%
	ZG	A	0.02%
	VRNS	D	0.02%
	SMMT	D	0.01%
	RKT	F	0.01%
	RBRK	A	0.01%
	BIRK	D	0.01%
	KEX	C	0.01%
	NPAB	B	0.01%
	KNTK	B	0.01%
	STEP	B	0.01%
	UWMC	D	0.0%

JHMM Underweight 152 Positions Relative to JVAL

	Symbol	Grade	Weight
	GOOGL	C	-2.17%
	META	D	-2.12%
	AVGO	D	-1.92%
	AAPL	C	-1.87%
	MSFT	F	-1.78%
	UNH	C	-1.77%
	CRM	B	-1.33%
	ORCL	B	-1.24%
	JNJ	D	-1.22%
	CAT	B	-0.85%
	IBM	C	-0.84%
	TXN	C	-0.82%
	HD	A	-0.82%
	INTU	C	-0.81%
	QCOM	F	-0.79%
	CSCO	B	-0.77%
	CVX	A	-0.74%
	AMAT	F	-0.7%
	MRK	F	-0.66%
	AMGN	D	-0.65%
	C	A	-0.65%
	PFE	D	-0.65%
	T	A	-0.65%
	INTC	D	-0.6%
	ADI	D	-0.54%
	GILD	C	-0.52%
	PM	B	-0.52%
	BMY	B	-0.51%
	APH	A	-0.51%
	LRCX	F	-0.51%
	MDT	D	-0.51%
	MO	A	-0.5%
	CMCSA	B	-0.49%
	COF	B	-0.48%
	RTX	C	-0.48%
	MRVL	B	-0.48%
	CI	F	-0.47%
	KLAC	D	-0.46%
	ELV	F	-0.45%
	BAC	A	-0.45%
	GM	B	-0.44%
	USB	A	-0.42%
	MU	D	-0.42%
	JCI	C	-0.42%
	TFC	A	-0.41%
	FDX	B	-0.41%
	ROP	B	-0.4%
	CVS	D	-0.4%
	BK	A	-0.4%
	PCAR	B	-0.39%
	KMI	A	-0.39%
	GD	F	-0.38%
	PSX	C	-0.37%
	MPC	D	-0.36%
	AIG	B	-0.36%
	DELL	C	-0.36%
	PRU	A	-0.35%
	F	C	-0.34%
	TGT	F	-0.34%
	CTSH	B	-0.33%
	DHI	D	-0.32%
	SPG	B	-0.32%
	NUE	C	-0.31%
	LHX	C	-0.31%
	LEN	D	-0.3%
	WDAY	B	-0.29%
	ED	D	-0.28%
	MCHP	D	-0.28%
	ON	D	-0.28%
	KHC	F	-0.26%
	GIS	D	-0.26%
	VLO	C	-0.24%
	ADM	D	-0.24%
	DOW	F	-0.22%
	AVT	C	-0.21%
	GFS	C	-0.21%
	DNB	B	-0.21%
	BC	C	-0.21%
	EXC	C	-0.21%
	FNB	A	-0.21%
	ZI	D	-0.21%
	SLGN	A	-0.21%
	MSM	C	-0.2%
	UGI	A	-0.2%
	VZ	C	-0.2%
	VAC	B	-0.2%
	NFG	A	-0.2%
	HIW	D	-0.2%
	JHG	A	-0.2%
	CNC	D	-0.2%
	TNL	A	-0.19%
	COLB	A	-0.19%
	AGO	B	-0.19%
	HUM	C	-0.19%
	BYD	C	-0.18%
	MGM	D	-0.18%
	M	D	-0.18%
	EPR	D	-0.18%
	STWD	C	-0.17%
	KSS	F	-0.17%
	HOG	D	-0.17%
	MAN	D	-0.17%
	DV	C	-0.17%
	WU	D	-0.16%
	DXC	B	-0.16%
	KRC	C	-0.15%
	LVS	C	-0.15%
	PH	A	-0.15%
	CRI	D	-0.15%
	JWN	C	-0.15%
	CXT	B	-0.14%
	FIS	C	-0.14%
	DG	F	-0.14%
	CLVT	F	-0.14%
	WEN	D	-0.14%
	PK	B	-0.14%
	IPGP	D	-0.14%
	PNC	B	-0.13%
	MDU	D	-0.13%
	GTES	A	-0.13%
	DVN	F	-0.13%
	OZK	B	-0.13%
	FHB	A	-0.13%
	NWL	B	-0.12%
	APTV	D	-0.12%
	LEG	F	-0.11%
	AGNC	D	-0.11%
	CNXC	F	-0.11%
	PINC	B	-0.11%
	CUZ	B	-0.11%
	TDC	D	-0.11%
	CWEN	C	-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%
	PRGO	B	-0.1%
	MPW	F	-0.09%
	PII	D	-0.09%
	D	C	-0.09%
	SEE	C	-0.09%
	LNC	B	-0.08%
	FTRE	D	-0.07%
	OGN	D	-0.06%
	BDX	F	-0.06%
	AL	B	-0.05%
	HUN	F	-0.03%
	CPRI	F	-0.01%
	ALGM	D	-0.0%
	LOPE	B	-0.0%

JHMM: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Biotechnology Software - Infrastructure Business Services Asset Management Diagnostics & Research Building Materials Oil & Gas E&P Specialty Retail Packaged Foods Utilities - Regulated Electric Packaging & Containers Scientific & Technical Instruments Engineering & Construction Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Chemicals

Keywords: S&P 500 Computing Natural Gas Insurance Aerospace Chemical Banking Electronics Real Estate Investment Trust Bank Mining Medicine Nasdaq 100 Building Materials Biotechnology Electricity Insurance Products Telecommunications Beverage Oil And Gas

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