JHML vs. VALQ ETF Comparison

Comparison of John Hancock Multifactor Large Cap ETF (JHML) to American Century STOXX U.S. Quality Value ETF (VALQ)

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

$68.78

Average Daily Volume

27,397

Number of Holdings ^*

747

* may have additional holdings in another (foreign) market

VALQ

American Century STOXX U.S. Quality Value ETF

VALQ Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century USA Quality Value Index (the underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the underlying index. The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

Grade (RS Rating)

Last Trade

$61.38

Average Daily Volume

7,118

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

Performance

Period	JHML	VALQ
30 Days	2.90%	3.66%
60 Days	4.65%	6.32%
90 Days	5.85%	7.44%
12 Months	28.61%	26.30%

187 Overlapping Holdings

	Symbol	Grade	Weight in JHML	Weight in VALQ	Overlap
	AAPL	C	4.1%	2.7%	2.7%
	ABBV	C	0.47%	2.09%	0.47%
	ADBE	F	0.33%	0.1%	0.1%
	ADSK	C	0.1%	0.18%	0.1%
	AIZ	B	0.04%	0.09%	0.04%
	AKAM	D	0.07%	0.08%	0.07%
	ALL	B	0.19%	0.09%	0.09%
	ALLE	B	0.07%	0.57%	0.07%
	ALLY	F	0.07%	0.07%	0.07%
	AMAT	D	0.34%	0.08%	0.08%
	AMCR	B	0.07%	0.36%	0.07%
	AMKR	F	0.0%	0.15%	0.0%
	AMZN	C	2.46%	2.01%	2.01%
	AOS	D	0.04%	0.08%	0.04%
	APH	D	0.24%	1.57%	0.24%
	APP	C	0.04%	0.09%	0.04%
	AVGO	C	1.12%	0.08%	0.08%
	AYI	B	0.01%	0.41%	0.01%
	BBY	C	0.15%	1.25%	0.15%
	BK	B	0.23%	0.09%	0.09%
	BKNG	C	0.21%	0.09%	0.09%
	BMY	C	0.19%	0.73%	0.19%
	BRBR	C	0.01%	0.17%	0.01%
	BRK.A	C	1.07%	0.09%	0.09%
	BWA	D	0.03%	0.08%	0.03%
	CACI	B	0.03%	0.09%	0.03%
	CAG	C	0.06%	0.1%	0.06%
	CAH	C	0.13%	0.84%	0.13%
	CAT	B	0.36%	0.19%	0.19%
	CCK	A	0.06%	0.09%	0.06%
	CHTR	D	0.07%	0.08%	0.07%
	CI	C	0.21%	0.77%	0.21%
	CL	D	0.16%	2.12%	0.16%
	CLX	C	0.1%	1.66%	0.1%
	CMCSA	D	0.35%	2.21%	0.35%
	CNC	D	0.14%	0.08%	0.08%
	COKE	C	0.01%	0.08%	0.01%
	CPB	C	0.05%	0.09%	0.05%
	CSCO	C	0.36%	0.64%	0.36%
	CSL	B	0.11%	0.08%	0.08%
	CTAS	B	0.19%	1.84%	0.19%
	CTSH	C	0.15%	0.8%	0.15%
	DBX	D	0.02%	0.34%	0.02%
	DCI	C	0.02%	0.59%	0.02%
	DGX	B	0.12%	0.09%	0.09%
	DKS	D	0.07%	0.13%	0.07%
	DLB	D	0.02%	0.09%	0.02%
	DOCU	C	0.02%	0.24%	0.02%
	DOX	C	0.06%	0.72%	0.06%
	DPZ	F	0.05%	0.16%	0.05%
	DVA	B	0.05%	0.2%	0.05%
	EA	D	0.14%	0.09%	0.09%
	EBAY	B	0.17%	1.94%	0.17%
	ECL	B	0.14%	0.48%	0.14%
	EG	C	0.07%	0.09%	0.07%
	EHC	C	0.01%	0.09%	0.01%
	ELV	C	0.27%	0.09%	0.09%
	EME	B	0.05%	0.11%	0.05%
	EPAM	F	0.04%	0.09%	0.04%
	ETN	C	0.22%	1.59%	0.22%
	EXPD	C	0.1%	0.09%	0.09%
	EXPE	C	0.08%	0.1%	0.08%
	FDX	C	0.17%	0.1%	0.1%
	FFIV	B	0.06%	0.45%	0.06%
	FICO	B	0.18%	0.2%	0.18%
	FIS	B	0.1%	0.09%	0.09%
	FOXA	B	0.05%	0.09%	0.05%
	FTNT	C	0.12%	0.09%	0.09%
	GDDY	C	0.07%	0.08%	0.07%
	GILD	B	0.23%	0.1%	0.1%
	GIS	B	0.14%	0.09%	0.09%
	GL	C	0.05%	0.11%	0.05%
	GM	C	0.13%	0.08%	0.08%
	GOOGL	D	1.76%	0.55%	0.55%
	GPC	D	0.11%	1.09%	0.11%
	GWW	B	0.13%	0.28%	0.13%
	HD	B	0.51%	1.9%	0.51%
	HIG	B	0.24%	0.1%	0.1%
	HPE	D	0.09%	0.07%	0.07%
	HPQ	D	0.12%	1.68%	0.12%
	HUBB	B	0.09%	0.38%	0.09%
	IBM	B	0.39%	2.13%	0.39%
	IDXX	C	0.11%	0.17%	0.11%
	INCY	C	0.03%	0.09%	0.03%
	INFA	D	0.0%	0.09%	0.0%
	INGR	B	0.01%	1.87%	0.01%
	IQV	C	0.17%	0.08%	0.08%
	ITW	C	0.18%	0.89%	0.18%
	IVZ	B	0.02%	0.61%	0.02%
	JAZZ	D	0.03%	0.08%	0.03%
	JBL	D	0.07%	0.24%	0.07%
	JEF	B	0.03%	0.16%	0.03%
	JKHY	B	0.06%	0.09%	0.06%
	JLL	B	0.06%	1.5%	0.06%
	JNJ	C	0.65%	0.09%	0.09%
	K	B	0.1%	0.09%	0.09%
	KEYS	C	0.12%	0.09%	0.09%
	KLAC	D	0.31%	0.08%	0.08%
	KMB	D	0.09%	2.26%	0.09%
	KO	C	0.41%	2.03%	0.41%
	KR	C	0.25%	0.21%	0.21%
	L	C	0.1%	0.09%	0.09%
	LAMR	B	0.03%	0.17%	0.03%
	LDOS	B	0.1%	0.09%	0.09%
	LECO	F	0.04%	0.77%	0.04%
	LEN	B	0.01%	0.19%	0.01%
	LEN	B	0.21%	0.19%	0.19%
	LMT	C	0.23%	0.1%	0.1%
	LRCX	F	0.21%	0.08%	0.08%
	LYB	D	0.13%	1.38%	0.13%
	MANH	B	0.06%	0.09%	0.06%
	MAS	B	0.08%	1.28%	0.08%
	MCK	F	0.15%	0.08%	0.08%
	MEDP	F	0.02%	0.07%	0.02%
	META	B	1.73%	0.09%	0.09%
	MMM	B	0.14%	0.11%	0.11%
	MO	C	0.15%	0.58%	0.15%
	MPC	F	0.22%	0.24%	0.22%
	MSFT	C	3.84%	0.27%	0.27%
	MSI	B	0.17%	2.11%	0.17%
	MTD	D	0.14%	1.05%	0.14%
	NFLX	B	0.33%	1.7%	0.33%
	NTAP	D	0.15%	0.42%	0.15%
	NTRS	A	0.09%	0.09%	0.09%
	NVR	B	0.19%	0.09%	0.09%
	NVT	D	0.02%	0.61%	0.02%
	NYT	C	0.01%	0.54%	0.01%
	OC	D	0.09%	0.99%	0.09%
	OMC	B	0.12%	0.09%	0.09%
	ORI	B	0.03%	0.18%	0.03%
	OTIS	C	0.11%	1.02%	0.11%
	PARA	F	0.02%	0.08%	0.02%
	PG	C	0.64%	1.21%	0.64%
	PGR	B	0.21%	0.09%	0.09%
	PH	B	0.21%	0.23%	0.21%
	PHM	B	0.17%	0.09%	0.09%
	PKG	B	0.1%	0.09%	0.09%
	PPG	D	0.13%	0.16%	0.13%
	PVH	F	0.01%	0.08%	0.01%
	PYPL	B	0.1%	0.68%	0.1%
	QCOM	D	0.36%	0.54%	0.36%
	QRVO	F	0.05%	0.08%	0.05%
	RGA	C	0.07%	0.09%	0.07%
	RHI	D	0.03%	0.09%	0.03%
	RL	C	0.03%	0.09%	0.03%
	RMD	C	0.15%	0.1%	0.1%
	ROST	C	0.16%	0.17%	0.16%
	SEIC	C	0.05%	0.66%	0.05%
	SHW	B	0.23%	0.34%	0.23%
	SKX	D	0.02%	0.08%	0.02%
	SNA	C	0.07%	0.09%	0.07%
	SPG	B	0.11%	1.73%	0.11%
	SSNC	B	0.07%	0.09%	0.07%
	STLD	F	0.12%	0.08%	0.08%
	STT	A	0.12%	0.09%	0.09%
	SWK	B	0.07%	0.09%	0.07%
	SWKS	D	0.08%	0.11%	0.08%
	SYF	C	0.13%	0.09%	0.09%
	SYY	D	0.13%	0.17%	0.13%
	TAP	D	0.04%	0.09%	0.04%
	TEL	D	0.18%	2.59%	0.18%
	TER	D	0.1%	0.08%	0.08%
	TGT	C	0.18%	1.51%	0.18%
	THC	A	0.04%	0.1%	0.04%
	TJX	B	0.25%	0.18%	0.18%
	TOL	B	0.02%	1.04%	0.02%
	TPR	C	0.05%	0.69%	0.05%
	TRMB	C	0.05%	0.09%	0.05%
	TROW	D	0.09%	0.08%	0.08%
	TSN	C	0.07%	0.09%	0.07%
	TT	B	0.23%	0.23%	0.23%
	TWLO	D	0.03%	0.08%	0.03%
	TXN	C	0.33%	1.53%	0.33%
	TXRH	C	0.03%	0.08%	0.03%
	TXT	D	0.1%	0.09%	0.09%
	UBER	C	0.13%	1.23%	0.13%
	UHS	B	0.1%	0.22%	0.1%
	UNM	B	0.04%	0.09%	0.04%
	USFD	B	0.06%	0.09%	0.06%
	UTHR	C	0.05%	0.13%	0.05%
	VLO	F	0.24%	0.08%	0.08%
	VLTO	C	0.05%	1.76%	0.05%
	VRSN	D	0.07%	0.09%	0.07%
	WING	B	0.01%	0.16%	0.01%
	WMT	C	0.66%	2.17%	0.66%
	WSM	D	0.11%	0.31%	0.11%
	ZM	C	0.03%	0.32%	0.03%

JHML Overweight 560 Positions Relative to VALQ

	Symbol	Grade	Weight
	NVDA	D	2.8%
	LLY	C	1.16%
	JPM	D	0.99%
	XOM	C	0.82%
	UNH	C	0.77%
	V	C	0.69%
	MA	B	0.64%
	TSLA	C	0.54%
	COST	B	0.52%
	MRK	D	0.45%
	BAC	D	0.42%
	GOOG	D	0.42%
	ORCL	C	0.38%
	PEP	C	0.38%
	TMO	B	0.38%
	VZ	B	0.38%
	WFC	D	0.37%
	CVX	D	0.37%
	AMD	D	0.36%
	ACN	C	0.36%
	AMGN	B	0.34%
	URI	B	0.33%
	ABT	C	0.32%
	RTX	C	0.32%
	MCD	B	0.31%
	LIN	B	0.31%
	GS	C	0.3%
	CRM	D	0.3%
	UNP	C	0.29%
	AXP	B	0.29%
	PFE	C	0.29%
	INTU	C	0.28%
	ANET	B	0.27%
	SPGI	B	0.26%
	AMP	A	0.26%
	T	C	0.26%
	DHR	B	0.26%
	MS	D	0.26%
	COP	D	0.25%
	WM	D	0.25%
	GE	B	0.24%
	REGN	C	0.24%
	PM	C	0.23%
	HON	D	0.23%
	ADI	C	0.22%
	DIS	D	0.22%
	ISRG	B	0.22%
	VRTX	D	0.22%
	DE	B	0.22%
	LOW	B	0.22%
	CBRE	A	0.21%
	TMUS	C	0.21%
	AIG	D	0.21%
	COF	B	0.21%
	C	C	0.21%
	BSX	B	0.21%
	AFL	C	0.21%
	CB	B	0.2%
	DUK	C	0.2%
	PEG	B	0.2%
	DHI	B	0.2%
	PRU	C	0.2%
	TRV	C	0.2%
	CMI	C	0.2%
	AJG	D	0.2%
	TSCO	C	0.2%
	MMC	C	0.2%
	ADP	B	0.2%
	CARR	B	0.2%
	SYK	C	0.19%
	SNPS	D	0.19%
	NOW	B	0.19%
	MCO	B	0.19%
	MDLZ	B	0.19%
	SO	B	0.19%
	MRVL	C	0.19%
	PCAR	D	0.19%
	MU	F	0.19%
	MCHP	F	0.19%
	EOG	D	0.19%
	CMG	C	0.19%
	DFS	B	0.19%
	PLD	C	0.18%
	HCA	B	0.18%
	ICE	C	0.18%
	CSX	D	0.18%
	ACGL	C	0.18%
	RCL	B	0.18%
	IT	B	0.18%
	ED	C	0.18%
	NEE	C	0.18%
	EXC	C	0.18%
	AEP	C	0.18%
	NSC	C	0.18%
	FAST	C	0.17%
	VRSK	D	0.17%
	TFC	C	0.17%
	EIX	C	0.17%
	TDG	B	0.17%
	JCI	B	0.17%
	MDT	C	0.17%
	NUE	F	0.17%
	SBUX	C	0.17%
	CDNS	D	0.17%
	FITB	B	0.16%
	AON	B	0.16%
	BLK	B	0.16%
	GLW	C	0.16%
	HWM	B	0.16%
	ETR	B	0.16%
	GD	B	0.16%
	NKE	D	0.16%
	PANW	D	0.16%
	AME	C	0.16%
	ZTS	C	0.16%
	PNC	B	0.16%
	SCHW	D	0.15%
	FCX	D	0.15%
	PSX	F	0.15%
	EMR	D	0.15%
	INTC	F	0.15%
	CVS	D	0.15%
	ORLY	C	0.15%
	EFX	B	0.15%
	FANG	D	0.15%
	DOW	D	0.15%
	ROP	C	0.14%
	NEM	B	0.14%
	MPWR	C	0.14%
	NXPI	F	0.14%
	ROK	D	0.14%
	BDX	D	0.14%
	NOC	B	0.14%
	WELL	C	0.14%
	A	C	0.14%
	RSG	D	0.14%
	AMT	C	0.14%
	WTW	C	0.14%
	DOV	B	0.14%
	XEL	B	0.14%
	USB	B	0.14%
	KMI	B	0.14%
	OKE	B	0.14%
	PWR	B	0.14%
	HLT	B	0.13%
	DLR	B	0.13%
	WMB	B	0.13%
	TTD	B	0.13%
	AZO	D	0.13%
	CDW	D	0.13%
	PPL	C	0.13%
	KKR	B	0.13%
	LHX	C	0.13%
	MLM	D	0.13%
	BLDR	C	0.13%
	PCG	C	0.13%
	IR	C	0.13%
	LNG	C	0.13%
	MAR	C	0.13%
	DD	B	0.13%
	CEG	C	0.13%
	VST	C	0.13%
	STZ	D	0.13%
	UPS	D	0.13%
	APD	B	0.13%
	BA	F	0.12%
	PFG	B	0.12%
	WEC	C	0.12%
	DECK	C	0.12%
	EQIX	C	0.12%
	MTB	B	0.12%
	ON	D	0.12%
	GEHC	C	0.12%
	CTVA	B	0.12%
	DTE	C	0.12%
	APO	C	0.12%
	CME	C	0.12%
	VMC	D	0.12%
	HUM	F	0.12%
	BX	B	0.12%
	PAYX	C	0.12%
	RF	B	0.12%
	XYL	C	0.11%
	RJF	C	0.11%
	FE	C	0.11%
	HES	F	0.11%
	ES	C	0.11%
	DRI	B	0.11%
	ANSS	D	0.11%
	SRE	C	0.11%
	ULTA	D	0.11%
	AEE	C	0.11%
	CPAY	B	0.11%
	BIIB	F	0.11%
	MSCI	C	0.11%
	MET	B	0.11%
	NDAQ	A	0.11%
	GRMN	D	0.11%
	WAB	B	0.11%
	YUM	D	0.11%
	CSGP	D	0.1%
	OXY	F	0.1%
	BKR	C	0.1%
	BALL	C	0.1%
	IRM	C	0.1%
	BRO	C	0.1%
	O	C	0.1%
	FTV	C	0.1%
	IP	B	0.1%
	MOH	D	0.1%
	HOLX	B	0.1%
	ODFL	D	0.1%
	GPN	D	0.1%
	CHD	D	0.1%
	BR	D	0.1%
	CPRT	D	0.1%
	TRGP	B	0.1%
	IFF	B	0.09%
	FNF	B	0.09%
	CFG	C	0.09%
	MNST	D	0.09%
	ZBH	F	0.09%
	VICI	C	0.09%
	CRWD	D	0.09%
	CNP	C	0.09%
	JBHT	D	0.09%
	HBAN	B	0.09%
	PLTR	B	0.09%
	WRB	C	0.09%
	WY	C	0.09%
	STX	C	0.09%
	WAT	C	0.09%
	LULU	D	0.09%
	F	F	0.09%
	STE	C	0.09%
	EXR	B	0.09%
	CMS	C	0.09%
	CINF	B	0.09%
	MKC	C	0.09%
	FCNCA	D	0.09%
	RS	D	0.09%
	AWK	B	0.09%
	TYL	C	0.09%
	BAH	C	0.09%
	AVB	B	0.09%
	ADM	D	0.09%
	WDC	D	0.09%
	DXCM	F	0.08%
	GEV	B	0.08%
	AVY	C	0.08%
	NI	B	0.08%
	EVRG	B	0.08%
	HSY	C	0.08%
	KEY	B	0.08%
	EQR	B	0.08%
	WST	D	0.08%
	CF	C	0.08%
	PSA	B	0.08%
	HAL	F	0.08%
	LII	B	0.08%
	WDAY	D	0.08%
	MRO	C	0.08%
	MKL	C	0.08%
	FSLR	C	0.08%
	TTWO	C	0.08%
	EW	F	0.08%
	LNT	B	0.07%
	BG	D	0.07%
	EMN	B	0.07%
	SBAC	C	0.07%
	RPM	B	0.07%
	PTC	D	0.07%
	ALNY	C	0.07%
	LPLA	D	0.07%
	KHC	C	0.07%
	BURL	B	0.07%
	FDS	C	0.07%
	VEEV	C	0.07%
	ARES	B	0.07%
	TDY	B	0.07%
	D	C	0.07%
	ATO	B	0.07%
	DLTR	F	0.07%
	CCI	C	0.07%
	CTRA	D	0.07%
	TRU	B	0.07%
	VRT	C	0.07%
	VTR	C	0.07%
	EQH	C	0.07%
	SCI	B	0.07%
	IPG	C	0.07%
	ZBRA	B	0.07%
	SLB	F	0.07%
	FLEX	C	0.07%
	WSO	C	0.06%
	PNW	C	0.06%
	MGM	F	0.06%
	SPOT	B	0.06%
	DVN	F	0.06%
	ESS	B	0.06%
	INVH	C	0.06%
	DDOG	D	0.06%
	DG	F	0.06%
	HUBS	D	0.06%
	ENTG	F	0.06%
	AVTR	B	0.06%
	IEX	D	0.06%
	DASH	C	0.06%
	BAX	C	0.06%
	AES	C	0.06%
	KMX	D	0.06%
	APTV	D	0.06%
	CE	F	0.06%
	PNR	B	0.06%
	DELL	D	0.06%
	JNPR	B	0.06%
	CHRW	B	0.06%
	LKQ	F	0.05%
	HAS	B	0.05%
	LYV	B	0.05%
	AFG	B	0.05%
	KVUE	C	0.05%
	AXON	B	0.05%
	NDSN	C	0.05%
	SQ	D	0.05%
	SUI	B	0.05%
	ACM	B	0.05%
	GGG	C	0.05%
	ERIE	B	0.05%
	CCL	C	0.05%
	ROL	C	0.05%
	VTRS	D	0.05%
	HII	D	0.05%
	ARE	C	0.05%
	HSIC	C	0.05%
	EWBC	D	0.05%
	POOL	C	0.05%
	BMRN	F	0.05%
	KDP	B	0.05%
	SJM	C	0.05%
	WBD	D	0.05%
	MAA	B	0.05%
	NRG	C	0.05%
	CHK	D	0.04%
	ILMN	C	0.04%
	PODD	B	0.04%
	SNOW	F	0.04%
	PFGC	B	0.04%
	TTC	D	0.04%
	MKTX	C	0.04%
	KIM	C	0.04%
	ALB	D	0.04%
	LEA	F	0.04%
	CPT	B	0.04%
	CTLT	B	0.04%
	GLPI	C	0.04%
	ELS	C	0.04%
	REG	C	0.04%
	ENPH	D	0.04%
	HST	C	0.04%
	OVV	F	0.04%
	DAL	C	0.04%
	LW	D	0.04%
	EQT	D	0.04%
	ALV	F	0.04%
	CRL	F	0.04%
	J	C	0.04%
	NWSA	D	0.04%
	ATR	B	0.04%
	TPL	B	0.04%
	FND	C	0.04%
	UDR	C	0.04%
	TFX	C	0.04%
	MRNA	F	0.04%
	CASY	D	0.04%
	MOS	F	0.04%
	MDB	D	0.04%
	LBRDK	F	0.04%
	NET	D	0.04%
	HEI	B	0.04%
	CBOE	C	0.04%
	ARMK	B	0.04%
	WYNN	D	0.03%
	WLK	D	0.03%
	ITT	B	0.03%
	BIO	C	0.03%
	ABNB	D	0.03%
	MTCH	C	0.03%
	SCCO	D	0.03%
	LNW	B	0.03%
	CZR	C	0.03%
	FHN	D	0.03%
	Z	B	0.03%
	MIDD	D	0.03%
	WSC	D	0.03%
	PAYC	D	0.03%
	BEN	F	0.03%
	FRT	C	0.03%
	GPK	B	0.03%
	EXAS	C	0.03%
	UHAL	A	0.03%
	EL	F	0.03%
	MORN	C	0.03%
	WTRG	D	0.03%
	BLD	D	0.03%
	PSTG	F	0.03%
	TW	B	0.03%
	DAY	D	0.03%
	HOOD	C	0.03%
	RRX	C	0.03%
	OKTA	F	0.03%
	NBIX	F	0.03%
	ZS	F	0.03%
	GNTX	F	0.03%
	SMCI	F	0.03%
	RNR	C	0.03%
	TEAM	D	0.03%
	KNX	C	0.03%
	CUBE	B	0.03%
	ALGN	D	0.03%
	LAD	D	0.03%
	PINS	F	0.03%
	HEI	B	0.03%
	WMS	D	0.03%
	CLH	A	0.03%
	WEX	C	0.03%
	DKNG	C	0.03%
	HRL	C	0.03%
	DT	C	0.03%
	TTEK	C	0.03%
	LVS	D	0.03%
	WPC	C	0.03%
	FMC	C	0.03%
	TECH	C	0.03%
	CHDN	C	0.03%
	BJ	D	0.03%
	BXP	B	0.03%
	MTN	D	0.03%
	DOC	C	0.03%
	AMH	C	0.03%
	PCTY	C	0.02%
	WWD	D	0.02%
	SNAP	F	0.02%
	OHI	B	0.02%
	FIVE	D	0.02%
	TPX	C	0.02%
	BBWI	F	0.02%
	COLD	D	0.02%
	OLED	C	0.02%
	EGP	B	0.02%
	ETSY	F	0.02%
	CVNA	B	0.02%
	CRBG	D	0.02%
	SRPT	D	0.02%
	RGEN	F	0.02%
	APA	F	0.02%
	SOLV	C	0.02%
	FOX	B	0.02%
	WBA	F	0.02%
	KNSL	C	0.02%
	REXR	C	0.02%
	SF	A	0.02%
	CLF	F	0.02%
	CG	D	0.02%
	IBKR	B	0.02%
	AGCO	D	0.02%
	LUV	C	0.02%
	DINO	F	0.02%
	WCC	D	0.02%
	ROKU	C	0.02%
	WBS	D	0.02%
	SWN	D	0.02%
	CW	B	0.02%
	KBR	D	0.02%
	COIN	F	0.02%
	XPO	D	0.02%
	ACI	F	0.02%
	BSY	D	0.02%
	UAL	C	0.02%
	GLOB	D	0.02%
	CHE	C	0.02%
	PRI	B	0.02%
	GWRE	A	0.02%
	RPRX	C	0.02%
	SAIA	D	0.02%
	NNN	C	0.02%
	H	C	0.02%
	BRKR	D	0.02%
	S	C	0.01%
	RBLX	B	0.01%
	TKO	B	0.01%
	SOFI	C	0.01%
	CFLT	F	0.01%
	PR	F	0.01%
	AAL	D	0.01%
	AFRM	C	0.01%
	SN	B	0.01%
	CNA	C	0.01%
	ELF	F	0.01%
	ELAN	D	0.01%
	RBC	C	0.01%
	FN	D	0.01%
	MKSI	F	0.01%
	COTY	F	0.01%
	APG	D	0.01%
	CIEN	C	0.01%
	PEN	D	0.01%
	X	F	0.01%
	GFS	F	0.01%
	SSD	D	0.01%
	CELH	F	0.01%
	BWXT	D	0.01%
	PCVX	C	0.01%
	GTLB	D	0.01%
	AGR	B	0.01%
	EXP	B	0.01%
	NTRA	C	0.01%
	PAG	D	0.01%
	CIVI	F	0.01%
	ONTO	D	0.01%
	EDR	A	0.01%
	RIVN	F	0.01%
	PATH	D	0.01%
	U	D	0.01%
	TREX	D	0.01%
	VOYA	B	0.01%
	PCOR	F	0.01%
	WMG	D	0.01%
	FIX	B	0.01%
	COHR	C	0.01%
	SITE	C	0.01%
	TOST	C	0.01%
	NWS	D	0.01%
	RRC	D	0.01%
	IOT	B	0.01%
	AR	F	0.01%
	ACHC	C	0.01%
	MUSA	D	0.01%
	SNX	D	0.01%
	FTI	D	0.01%
	CNM	F	0.01%
	HLI	B	0.01%
	NTNX	C	0.01%
	LSCC	D	0.01%
	NFE	F	0.0%
	BIRK	F	0.0%
	PPC	D	0.0%
	W	D	0.0%
	APPF	D	0.0%
	UHAL	A	0.0%
	SUM	D	0.0%
	LBRDA	F	0.0%
	PSN	B	0.0%
	RKT	C	0.0%
	ESTC	F	0.0%
	DUOL	B	0.0%
	UI	B	0.0%
	VKTX	C	0.0%
	CHWY	C	0.0%
	ZG	B	0.0%

JHML Underweight 55 Positions Relative to VALQ

	Symbol	Grade	Weight
	SFM	B	-0.78%
	HRB	C	-0.61%
	REYN	C	-0.56%
	MTG	B	-0.45%
	CBT	B	-0.41%
	ARW	C	-0.36%
	G	C	-0.35%
	AZEK	C	-0.32%
	FLS	D	-0.3%
	NOVT	D	-0.3%
	SM	F	-0.28%
	NEU	D	-0.26%
	FLO	C	-0.26%
	NSIT	D	-0.25%
	QLYS	F	-0.24%
	CRUS	D	-0.24%
	COLM	C	-0.21%
	LFUS	C	-0.15%
	CR	C	-0.15%
	ANF	D	-0.14%
	GAP	F	-0.14%
	DDS	F	-0.13%
	EXEL	C	-0.11%
	ALSN	B	-0.11%
	AXS	B	-0.1%
	AXTA	B	-0.09%
	BMI	A	-0.09%
	IGT	D	-0.09%
	FIZZ	D	-0.09%
	BERY	B	-0.09%
	BYD	C	-0.09%
	AMG	C	-0.09%
	PEGA	C	-0.09%
	WTS	C	-0.09%
	POST	C	-0.09%
	ALKS	C	-0.09%
	SAIC	C	-0.09%
	CROX	D	-0.08%
	AN	D	-0.08%
	OMF	D	-0.08%
	CMC	D	-0.08%
	EEFT	D	-0.08%
	VMI	D	-0.08%
	TKR	D	-0.08%
	TMHC	A	-0.08%
	KBH	A	-0.08%
	MMS	C	-0.08%
	ADTN	D	-0.08%
	MSM	D	-0.08%
	NXST	D	-0.08%
	MLI	A	-0.08%
	MHK	C	-0.08%
	MAT	C	-0.08%
	AIT	A	-0.08%
	EVR	A	-0.08%

JHML: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electronics Electricity Aerospace Chemical Dow Jones Component Medicine Real Estate Investment Trust Semiconductor Telecommunications IBD 50 Mining Bank Banking Insurance Products Biotechnology

VALQ: Top Represented Industries & Keywords

Industries: Software - Application Asset Management Diversified Industrials Packaged Foods Information Technology Services Semiconductors Software - Infrastructure Specialty Chemicals Business Services Residential Construction Specialty Retail Biotechnology Diagnostics & Research Electronic Components Packaging & Containers Apparel Stores Communication Equipment Drug Manufacturers - Major Household & Personal Products Insurance - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Insurance Telecommunications Aerospace Electronics Mobile Devices Dow Jones Component Work From Home Clothing Mining Chemical Semiconductor Insurance Products Retail Store Beverage E-Commerce Health Insurance Integrated Circuits