JHML vs. USMV ETF Comparison

Comparison of John Hancock Multifactor Large Cap ETF (JHML) to iShares MSCI USA Minimum Volatility ETF (USMV)

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&#39;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

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	JHML	USMV
30 Days	3.76%	1.70%
60 Days	4.93%	2.42%
90 Days	6.94%	4.02%
12 Months	31.31%	25.63%

165 Overlapping Holdings

Symbol	Grade	Weight in JHML	Weight in USMV	Overlap
AAPL	C	3.79%	0.99%	0.99%
ABBV	D	0.38%	1.04%	0.38%
ABT	B	0.29%	0.09%	0.09%
ACGL	D	0.15%	0.68%	0.15%
ACN	C	0.35%	1.29%	0.35%
ADI	D	0.2%	0.23%	0.2%
ADP	B	0.21%	0.09%	0.09%
AEE	A	0.11%	0.24%	0.11%
AEP	D	0.15%	0.39%	0.15%
AFG	A	0.05%	0.35%	0.05%
AIZ	A	0.04%	0.32%	0.04%
AJG	B	0.19%	1.27%	0.19%
AKAM	D	0.06%	0.39%	0.06%
ALNY	D	0.06%	0.22%	0.06%
AMGN	D	0.28%	0.59%	0.28%
AMZN	C	2.69%	0.14%	0.14%
ANET	C	0.17%	0.29%	0.17%
AON	A	0.16%	0.53%	0.16%
APH	A	0.26%	1.44%	0.26%
ATO	A	0.07%	0.06%	0.06%
AVGO	D	1.0%	1.19%	1.0%
AZO	C	0.12%	0.98%	0.12%
BAH	F	0.09%	0.39%	0.09%
BDX	F	0.13%	0.56%	0.13%
BMRN	D	0.04%	0.22%	0.04%
BMY	B	0.21%	0.49%	0.21%
BR	A	0.1%	0.05%	0.05%
BRK.A	B	1.04%	1.55%	1.04%
CB	C	0.18%	1.47%	0.18%
CBOE	B	0.05%	0.85%	0.05%
CDNS	B	0.18%	0.18%	0.18%
CDW	F	0.1%	0.35%	0.1%
CHD	B	0.1%	0.4%	0.1%
CI	F	0.19%	0.21%	0.19%
CL	D	0.13%	0.41%	0.13%
CMCSA	B	0.36%	0.39%	0.36%
CME	A	0.12%	0.53%	0.12%
CMS	C	0.08%	0.19%	0.08%
COR	B	0.16%	0.67%	0.16%
CPB	D	0.04%	0.33%	0.04%
CRM	B	0.38%	0.05%	0.05%
CRWD	B	0.11%	0.19%	0.11%
CSCO	B	0.4%	1.47%	0.4%
CTSH	B	0.16%	0.76%	0.16%
CTVA	C	0.12%	0.38%	0.12%
CVS	D	0.14%	0.04%	0.04%
CVX	A	0.41%	0.34%	0.34%
D	C	0.09%	0.23%	0.09%
DELL	C	0.07%	0.12%	0.07%
DGX	A	0.12%	0.11%	0.11%
DPZ	C	0.05%	0.19%	0.05%
DTE	C	0.11%	0.2%	0.11%
DUK	C	0.18%	1.49%	0.18%
EA	A	0.15%	0.89%	0.15%
ED	D	0.16%	1.13%	0.16%
EG	C	0.07%	0.43%	0.07%
ELV	F	0.19%	0.52%	0.19%
EOG	A	0.21%	0.17%	0.17%
ERIE	D	0.04%	0.42%	0.04%
FANG	D	0.15%	0.55%	0.15%
FCNCA	A	0.11%	0.88%	0.11%
FFIV	B	0.06%	0.55%	0.06%
FI	A	0.23%	0.69%	0.23%
FICO	B	0.21%	0.59%	0.21%
FSLR	F	0.07%	0.06%	0.06%
GD	F	0.15%	0.05%	0.05%
GDDY	A	0.09%	1.0%	0.09%
GEN	B	0.08%	0.35%	0.08%
GILD	C	0.24%	0.94%	0.24%
GIS	D	0.12%	0.66%	0.12%
GLW	B	0.17%	0.31%	0.17%
GOOG	C	0.49%	0.16%	0.16%
GRMN	B	0.12%	0.33%	0.12%
HD	A	0.52%	0.3%	0.3%
HIG	B	0.23%	0.12%	0.12%
HOLX	D	0.09%	0.16%	0.09%
HON	B	0.25%	0.25%	0.25%
HRL	D	0.03%	0.21%	0.03%
HSY	F	0.07%	0.3%	0.07%
HUBS	A	0.08%	0.24%	0.08%
HUM	C	0.1%	0.4%	0.1%
IBM	C	0.36%	1.66%	0.36%
ICE	C	0.16%	0.28%	0.16%
INCY	C	0.04%	0.53%	0.04%
IT	C	0.18%	0.35%	0.18%
JNJ	D	0.57%	1.18%	0.57%
JNPR	F	0.06%	0.45%	0.06%
K	A	0.09%	0.8%	0.09%
KDP	D	0.05%	0.59%	0.05%
KEYS	A	0.12%	0.55%	0.12%
KHC	F	0.06%	0.38%	0.06%
KMB	D	0.1%	0.21%	0.1%
KNX	B	0.03%	0.06%	0.03%
KO	D	0.34%	0.1%	0.1%
KR	B	0.26%	0.61%	0.26%
L	A	0.1%	0.28%	0.1%
LIN	D	0.28%	0.16%	0.16%
LLY	F	0.89%	1.25%	0.89%
LMT	D	0.2%	0.82%	0.2%
LNT	A	0.06%	0.1%	0.06%
MA	C	0.64%	0.7%	0.64%
MCD	D	0.29%	1.25%	0.29%
MCK	B	0.17%	1.35%	0.17%
MDLZ	F	0.16%	0.44%	0.16%
MDT	D	0.15%	0.13%	0.13%
MKL	A	0.09%	0.34%	0.09%
MMC	B	0.18%	1.11%	0.18%
MOH	F	0.08%	0.18%	0.08%
MPC	D	0.15%	0.54%	0.15%
MRK	F	0.36%	1.01%	0.36%
MSFT	F	3.67%	1.34%	1.34%
MSI	B	0.18%	1.81%	0.18%
NBIX	C	0.03%	0.32%	0.03%
NEM	D	0.1%	0.46%	0.1%
NOC	D	0.13%	1.43%	0.13%
NOW	A	0.21%	0.75%	0.21%
NTAP	C	0.14%	0.22%	0.14%
NVDA	C	3.35%	0.67%	0.67%
ORCL	B	0.43%	1.31%	0.43%
ORLY	B	0.15%	0.68%	0.15%
OTIS	C	0.12%	0.07%	0.07%
OXY	D	0.09%	0.12%	0.09%
PEP	F	0.33%	1.01%	0.33%
PFE	D	0.25%	0.2%	0.2%
PG	A	0.58%	1.23%	0.58%
PGR	A	0.2%	1.67%	0.2%
PKG	A	0.11%	0.2%	0.11%
PSX	C	0.12%	0.06%	0.06%
PTC	A	0.07%	0.52%	0.07%
REGN	F	0.14%	0.59%	0.14%
ROL	B	0.05%	0.36%	0.05%
ROP	B	0.13%	1.3%	0.13%
RSG	A	0.14%	1.55%	0.14%
RTX	C	0.29%	0.09%	0.09%
SNPS	B	0.2%	0.18%	0.18%
SO	D	0.18%	1.35%	0.18%
STX	D	0.08%	0.16%	0.08%
T	A	0.25%	0.74%	0.25%
TDY	B	0.08%	0.57%	0.08%
TJX	A	0.24%	0.45%	0.24%
TMUS	B	0.23%	1.95%	0.23%
TRV	B	0.21%	1.15%	0.21%
TSN	B	0.07%	0.71%	0.07%
TW	A	0.03%	0.2%	0.03%
TXN	C	0.33%	1.39%	0.33%
UBER	D	0.12%	0.45%	0.12%
ULTA	F	0.1%	0.04%	0.04%
UNH	C	0.73%	1.34%	0.73%
UTHR	C	0.06%	0.14%	0.06%
V	A	0.7%	0.9%	0.7%
VLO	C	0.24%	0.05%	0.05%
VRSK	A	0.17%	0.42%	0.17%
VRSN	F	0.06%	0.64%	0.06%
VRTX	F	0.21%	0.69%	0.21%
VZ	C	0.34%	1.35%	0.34%
WDAY	B	0.09%	0.43%	0.09%
WEC	A	0.11%	0.78%	0.11%
WM	A	0.25%	1.44%	0.25%
WMB	A	0.15%	0.31%	0.15%
WMT	A	0.64%	1.78%	0.64%
WRB	A	0.09%	0.31%	0.09%
WTW	B	0.15%	0.38%	0.15%
XEL	A	0.15%	0.46%	0.15%
XOM	B	0.72%	0.45%	0.45%
YUM	B	0.11%	0.5%	0.11%

JHML Overweight 590 Positions Relative to USMV

Symbol	Grade	Weight
GOOGL	C	1.88%
META	D	1.79%
JPM	A	1.09%
TSLA	B	0.68%
WFC	A	0.49%
COST	B	0.49%
BAC	A	0.47%
CAT	B	0.38%
URI	B	0.37%
NFLX	A	0.36%
GS	A	0.35%
MS	A	0.34%
QCOM	F	0.33%
AMAT	F	0.32%
AMD	F	0.31%
AXP	A	0.31%
TMO	F	0.31%
AMP	A	0.31%
INTU	C	0.29%
ADBE	C	0.28%
COP	C	0.26%
UNP	C	0.26%
RCL	A	0.26%
DFS	B	0.25%
ETN	A	0.25%
DIS	B	0.25%
GE	D	0.24%
C	A	0.24%
SPGI	C	0.24%
BKNG	A	0.24%
COF	B	0.23%
SHW	A	0.23%
ISRG	A	0.23%
CMI	A	0.23%
TT	A	0.23%
PH	A	0.23%
DHR	F	0.22%
CBRE	B	0.22%
PCAR	B	0.22%
MRVL	B	0.22%
PM	B	0.22%
LOW	D	0.22%
BK	A	0.22%
MU	D	0.21%
BSX	B	0.21%
PRU	A	0.21%
VST	B	0.21%
DE	A	0.21%
CMG	B	0.2%
JCI	C	0.2%
LRCX	F	0.2%
KLAC	D	0.2%
CTAS	B	0.19%
ITW	B	0.19%
CARR	D	0.19%
TGT	F	0.19%
AIG	B	0.19%
PEG	A	0.19%
EMR	A	0.18%
ETR	B	0.18%
AME	A	0.18%
NVR	D	0.18%
ALL	A	0.18%
HWM	A	0.18%
NSC	B	0.18%
SCHW	B	0.18%
KMI	A	0.18%
MCO	B	0.18%
PNC	B	0.18%
CSX	B	0.18%
INTC	D	0.18%
SYK	C	0.18%
FAST	B	0.18%
PWR	A	0.17%
NUE	C	0.17%
FITB	A	0.17%
FDX	B	0.17%
TSCO	D	0.17%
SYF	B	0.17%
TFC	A	0.17%
BLK	C	0.17%
PANW	C	0.17%
GM	B	0.16%
MCHP	D	0.16%
GWW	B	0.16%
DHI	D	0.16%
AFL	B	0.16%
SBUX	A	0.16%
EBAY	D	0.16%
APO	B	0.16%
EXC	C	0.16%
USB	A	0.16%
PLD	D	0.15%
DOV	A	0.15%
MTB	A	0.15%
CEG	D	0.15%
PHM	D	0.15%
TDG	D	0.15%
KKR	A	0.15%
PLTR	B	0.15%
LNG	B	0.15%
PCG	A	0.15%
NEE	D	0.15%
EIX	B	0.15%
TRGP	B	0.14%
MMM	D	0.14%
VMC	B	0.14%
FTNT	C	0.14%
IQV	D	0.14%
WELL	A	0.14%
MLM	B	0.14%
MAR	B	0.14%
RF	A	0.14%
APP	B	0.14%
ROST	C	0.14%
IR	B	0.14%
LHX	C	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%
MO	A	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%
DD	D	0.13%
STT	A	0.13%
OKE	A	0.13%
CAH	B	0.13%
HPQ	B	0.13%
UPS	C	0.13%
DOW	F	0.13%
PYPL	B	0.13%
A	D	0.13%
BBY	D	0.13%
NXPI	D	0.13%
HLT	A	0.13%
PAYX	C	0.13%
RJF	A	0.13%
VRT	B	0.12%
MSCI	C	0.12%
PFG	D	0.12%
GEHC	F	0.12%
BKR	B	0.12%
ADSK	A	0.12%
OMC	C	0.12%
CSL	C	0.12%
FIS	C	0.12%
DLR	B	0.12%
STZ	D	0.12%
PPG	F	0.12%
CPAY	A	0.12%
TTD	B	0.12%
PPL	B	0.12%
SYY	B	0.12%
BLDR	D	0.12%
CNC	D	0.11%
HBAN	A	0.11%
ON	D	0.11%
LULU	C	0.11%
DRI	B	0.11%
TROW	B	0.11%
OC	A	0.11%
ANSS	B	0.11%
LYB	F	0.11%
ODFL	B	0.11%
AMT	D	0.11%
IP	B	0.11%
LEN	D	0.11%
CPRT	A	0.11%
SRE	A	0.11%
LH	C	0.11%
NDAQ	A	0.11%
GEV	B	0.11%
MET	A	0.11%
HES	B	0.11%
EQIX	A	0.11%
SPG	B	0.11%
MTD	D	0.11%
XYL	D	0.1%
TTWO	A	0.1%
LDOS	C	0.1%
HUBB	B	0.1%
IDXX	F	0.1%
RS	B	0.1%
CINF	A	0.1%
NTRS	A	0.1%
EXPE	B	0.1%
WAT	B	0.1%
GPN	B	0.1%
LPLA	A	0.1%
BRO	B	0.1%
WSM	B	0.1%
HPE	B	0.1%
CSGP	D	0.09%
SNA	A	0.09%
AVB	B	0.09%
MRO	B	0.09%
BALL	D	0.09%
F	C	0.09%
KEY	B	0.09%
IRM	D	0.09%
EXPD	D	0.09%
JBHT	C	0.09%
CNP	B	0.09%
WDC	D	0.09%
FLEX	A	0.09%
TXT	D	0.09%
MNST	C	0.09%
FE	C	0.09%
BA	F	0.09%
ES	D	0.09%
GPC	D	0.09%
CLX	B	0.09%
CFG	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%
EW	C	0.08%
CTRA	B	0.08%
SQ	B	0.08%
UHS	D	0.08%
VICI	C	0.08%
SLB	C	0.08%
DDOG	A	0.08%
AXON	A	0.08%
MKC	D	0.08%
ALLY	C	0.08%
SPOT	B	0.08%
ADM	D	0.08%
JBL	B	0.08%
AWK	D	0.08%
TER	D	0.08%
STE	F	0.08%
ARES	A	0.08%
HAL	C	0.08%
FNF	B	0.08%
ZBRA	B	0.08%
EXR	D	0.08%
CF	B	0.08%
O	D	0.08%
MPWR	F	0.08%
LII	A	0.08%
EQH	B	0.08%
ZBH	C	0.08%
WY	D	0.08%
WST	C	0.08%
DASH	A	0.08%
BIIB	F	0.08%
EWBC	A	0.07%
TRMB	B	0.07%
AVY	D	0.07%
IPG	D	0.07%
SSNC	B	0.07%
DLTR	F	0.07%
IEX	B	0.07%
RGA	A	0.07%
CHRW	C	0.07%
VEEV	C	0.07%
VTR	C	0.07%
TRU	D	0.07%
PSA	D	0.07%
PNR	A	0.07%
COIN	C	0.07%
SCI	B	0.07%
KVUE	A	0.07%
EQR	B	0.07%
ALLE	D	0.07%
CCI	D	0.07%
IFF	D	0.07%
TPR	B	0.07%
FDS	B	0.07%
TPL	A	0.07%
CCL	B	0.07%
CHTR	C	0.07%
RPM	A	0.07%
EVRG	A	0.07%
DVN	F	0.06%
MANH	D	0.06%
DOX	D	0.06%
RVTY	F	0.06%
PNW	B	0.06%
BG	F	0.06%
SWK	D	0.06%
LBRDK	C	0.06%
FOXA	B	0.06%
LYV	A	0.06%
SBAC	D	0.06%
WSO	A	0.06%
USFD	A	0.06%
AMCR	D	0.06%
KMX	B	0.06%
NRG	B	0.06%
JLL	D	0.06%
EME	C	0.06%
WBD	C	0.06%
DKS	C	0.06%
EMN	D	0.06%
SWKS	F	0.06%
BURL	A	0.06%
TEAM	A	0.05%
CASY	A	0.05%
ZM	B	0.05%
SJM	D	0.05%
CVNA	B	0.05%
TAP	C	0.05%
TWLO	A	0.05%
HSIC	B	0.05%
FBIN	D	0.05%
UNM	A	0.05%
APTV	D	0.05%
HOOD	B	0.05%
AVTR	F	0.05%
EQT	B	0.05%
NDSN	B	0.05%
LECO	B	0.05%
BAX	D	0.05%
MAA	B	0.05%
SEIC	B	0.05%
VLTO	D	0.05%
POOL	C	0.05%
GL	B	0.05%
CAG	D	0.05%
VTRS	A	0.05%
JKHY	D	0.05%
INVH	D	0.05%
CCK	C	0.05%
GGG	B	0.05%
DG	F	0.05%
ESS	B	0.05%
DAL	C	0.05%
ACM	A	0.05%
NET	B	0.05%
ENTG	D	0.05%
DKNG	B	0.04%
MKTX	D	0.04%
IBKR	A	0.04%
HST	C	0.04%
CTLT	B	0.04%
DAY	B	0.04%
JEF	A	0.04%
HII	D	0.04%
CE	F	0.04%
CLH	B	0.04%
KIM	A	0.04%
ORI	A	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%
DT	C	0.04%
SNOW	C	0.04%
ALV	C	0.04%
LVS	C	0.04%
ZS	C	0.04%
FND	C	0.04%
ALB	C	0.04%
BJ	A	0.04%
SUI	D	0.04%
MDB	C	0.04%
OVV	B	0.04%
TOL	B	0.04%
UAL	A	0.04%
THC	D	0.04%
NWSA	B	0.04%
HAS	D	0.04%
TXRH	C	0.04%
PODD	C	0.04%
PFGC	B	0.04%
LAD	A	0.04%
LKQ	D	0.04%
J	F	0.04%
MOS	F	0.04%
DVA	B	0.04%
ARMK	B	0.04%
EPAM	C	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%
BEN	C	0.03%
CACI	D	0.03%
ABNB	C	0.03%
CG	A	0.03%
WPC	D	0.03%
WTRG	B	0.03%
PRI	A	0.03%
GLOB	B	0.03%
FMC	D	0.03%
WYNN	D	0.03%
ALGN	D	0.03%
WEX	D	0.03%
RL	B	0.03%
SAIA	B	0.03%
WMS	D	0.03%
GPK	C	0.03%
SF	B	0.03%
MORN	B	0.03%
OKTA	C	0.03%
AMH	D	0.03%
LAMR	D	0.03%
QRVO	F	0.03%
GNTX	C	0.03%
TTEK	F	0.03%
NVT	B	0.03%
TFX	F	0.03%
HEI	B	0.03%
CW	B	0.03%
BLD	D	0.03%
TECH	D	0.03%
GLPI	C	0.03%
DOCU	A	0.03%
PSTG	D	0.03%
CHDN	B	0.03%
DOC	D	0.03%
PINS	D	0.03%
GWRE	A	0.03%
ELS	C	0.03%
BXP	D	0.03%
ITT	A	0.03%
WBS	A	0.03%
TTC	D	0.03%
CPT	B	0.03%
BWA	D	0.03%
PAYC	B	0.03%
WCC	B	0.03%
REG	B	0.03%
FHN	A	0.03%
RRX	B	0.03%
Z	A	0.03%
OLED	D	0.02%
INGR	B	0.02%
CIEN	B	0.02%
RBLX	C	0.02%
SNX	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%
MUSA	A	0.02%
CNM	D	0.02%
OHI	C	0.02%
MEDP	D	0.02%
PARA	C	0.02%
PCTY	B	0.02%
HLI	B	0.02%
DINO	D	0.02%
NNN	D	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%
EHC	B	0.02%
FTI	A	0.02%
DBX	B	0.02%
BSY	D	0.02%
SKX	D	0.02%
MTCH	D	0.02%
WLK	D	0.02%
KNSL	B	0.02%
ACI	C	0.02%
SOLV	C	0.02%
LNW	D	0.02%
LUV	C	0.02%
WSC	D	0.02%
CRBG	B	0.02%
TPX	B	0.02%
MRNA	F	0.02%
SW	A	0.02%
KBR	F	0.02%
CHE	D	0.02%
RPRX	D	0.02%
COHR	B	0.02%
UHAL	D	0.02%
FRT	B	0.02%
DCI	B	0.02%
APPF	B	0.01%
MHK	D	0.01%
CR	A	0.01%
PSN	D	0.01%
RGLD	C	0.01%
HALO	F	0.01%
HRB	D	0.01%
CNA	B	0.01%
COTY	F	0.01%
ATI	D	0.01%
GAP	C	0.01%
ENSG	D	0.01%
ZG	A	0.01%
CELH	F	0.01%
PR	B	0.01%
GMED	A	0.01%
CBSH	A	0.01%
LEN	D	0.01%
FLR	B	0.01%
UI	A	0.01%
RIVN	F	0.01%
GNRC	B	0.01%
GME	C	0.01%
OGE	B	0.01%
MTZ	B	0.01%
CROX	D	0.01%
AXTA	A	0.01%
SIRI	C	0.01%
SSD	D	0.01%
GFS	C	0.01%
SN	D	0.01%
AA	B	0.01%
PEN	B	0.01%
EVR	B	0.01%
BERY	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%
PATH	C	0.01%
WAL	B	0.01%
CNH	C	0.01%
AYI	B	0.01%
EDR	A	0.01%
DUOL	A	0.01%
MKSI	C	0.01%
PAG	B	0.01%
WING	D	0.01%
PCVX	D	0.01%
RBC	A	0.01%
NYT	C	0.01%
FN	D	0.01%
ALSN	B	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%
INFA	D	0.0%
SMMT	D	0.0%
BIRK	D	0.0%
HLNE	B	0.0%
UHAL	D	0.0%
ROIV	C	0.0%
RKT	F	0.0%
FCN	D	0.0%
BRX	A	0.0%
PPC	C	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%
AMKR	D	0.0%

JHML Underweight 5 Positions Relative to USMV

Symbol	Grade	Weight
WCN	A	-1.56%
FWONK	B	-0.31%
AZPN	A	-0.23%
MELI	D	-0.18%
TEL	B	-0.07%