JHMM vs. QVMM ETF Comparison

Comparison of John Hancock Multifactor Mid Cap ETF (JHMM) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

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

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.95

Average Daily Volume

1,061

Number of Holdings ^*

351

* may have additional holdings in another (foreign) market

Performance

Period	JHMM	QVMM
30 Days	6.45%	7.21%
60 Days	7.02%	7.30%
90 Days	9.13%	8.34%
12 Months	33.74%	33.49%

231 Overlapping Holdings

	Symbol	Grade	Weight in JHMM	Weight in QVMM	Overlap
	AA	B	0.05%	0.43%	0.05%
	AAON	B	0.09%	0.33%	0.09%
	ACHC	F	0.07%	0.14%	0.07%
	ACM	A	0.22%	0.55%	0.22%
	ADC	B	0.07%	0.26%	0.07%
	AFG	A	0.18%	0.33%	0.18%
	AGCO	D	0.13%	0.2%	0.13%
	AIT	A	0.15%	0.38%	0.15%
	ALLY	C	0.24%	0.45%	0.24%
	ALTR	B	0.05%	0.22%	0.05%
	ALV	C	0.16%	0.27%	0.16%
	AM	A	0.05%	0.19%	0.05%
	AMH	D	0.12%	0.43%	0.12%
	AMKR	D	0.07%	0.1%	0.07%
	AN	C	0.16%	0.16%	0.16%
	ANF	C	0.09%	0.28%	0.09%
	APPF	B	0.05%	0.18%	0.05%
	AR	B	0.12%	0.35%	0.12%
	ARMK	B	0.17%	0.35%	0.17%
	ARW	D	0.15%	0.23%	0.15%
	ATR	B	0.18%	0.4%	0.18%
	AVTR	F	0.15%	0.47%	0.15%
	AXTA	A	0.14%	0.32%	0.14%
	AYI	B	0.17%	0.35%	0.17%
	BERY	B	0.18%	0.29%	0.18%
	BJ	A	0.19%	0.41%	0.19%
	BLD	D	0.19%	0.42%	0.19%
	BMRN	D	0.12%	0.45%	0.12%
	BRBR	A	0.09%	0.33%	0.09%
	BRKR	D	0.1%	0.19%	0.1%
	BRX	A	0.09%	0.31%	0.09%
	BURL	A	0.21%	0.61%	0.21%
	BWXT	B	0.14%	0.45%	0.14%
	CACI	D	0.18%	0.38%	0.18%
	CASY	A	0.26%	0.53%	0.26%
	CBSH	A	0.14%	0.31%	0.14%
	CCK	C	0.17%	0.38%	0.17%
	CELH	F	0.03%	0.17%	0.03%
	CFR	B	0.12%	0.33%	0.12%
	CGNX	C	0.1%	0.25%	0.1%
	CHDN	B	0.13%	0.33%	0.13%
	CHE	D	0.13%	0.3%	0.13%
	CHRD	D	0.08%	0.32%	0.08%
	CHX	C	0.06%	0.23%	0.06%
	CIEN	B	0.21%	0.37%	0.21%
	CIVI	D	0.07%	0.19%	0.07%
	CLF	F	0.12%	0.23%	0.12%
	CLH	B	0.21%	0.45%	0.21%
	CMC	B	0.12%	0.27%	0.12%
	CNM	D	0.1%	0.33%	0.1%
	COHR	B	0.24%	0.5%	0.24%
	COKE	C	0.09%	0.22%	0.09%
	COTY	F	0.04%	0.1%	0.04%
	CR	A	0.11%	0.34%	0.11%
	CROX	D	0.1%	0.24%	0.1%
	CRUS	D	0.05%	0.2%	0.05%
	CSL	C	0.27%	0.77%	0.27%
	CUBE	D	0.11%	0.38%	0.11%
	CVLT	B	0.05%	0.28%	0.05%
	CW	B	0.17%	0.52%	0.17%
	DAR	C	0.11%	0.28%	0.11%
	DCI	B	0.16%	0.33%	0.16%
	DINO	D	0.1%	0.25%	0.1%
	DKS	C	0.17%	0.46%	0.17%
	DLB	B	0.08%	0.18%	0.08%
	DOCS	C	0.04%	0.22%	0.04%
	DTM	B	0.1%	0.37%	0.1%
	DUOL	A	0.09%	0.41%	0.09%
	EGP	F	0.08%	0.29%	0.08%
	EHC	B	0.2%	0.36%	0.2%
	EME	C	0.3%	0.88%	0.3%
	EQH	B	0.31%	0.55%	0.31%
	ESAB	B	0.09%	0.26%	0.09%
	ESNT	D	0.08%	0.22%	0.08%
	EVR	B	0.11%	0.4%	0.11%
	EWBC	A	0.26%	0.56%	0.26%
	EXEL	B	0.19%	0.35%	0.19%
	EXLS	B	0.06%	0.26%	0.06%
	EXP	A	0.13%	0.37%	0.13%
	FAF	A	0.12%	0.24%	0.12%
	FBIN	D	0.18%	0.33%	0.18%
	FCN	D	0.09%	0.25%	0.09%
	FHN	A	0.13%	0.42%	0.13%
	FIX	A	0.17%	0.64%	0.17%
	FLR	B	0.08%	0.36%	0.08%
	FLS	B	0.08%	0.31%	0.08%
	FND	C	0.14%	0.41%	0.14%
	FNF	B	0.18%	0.56%	0.18%
	FR	C	0.07%	0.25%	0.07%
	FYBR	D	0.15%	0.22%	0.15%
	G	B	0.13%	0.26%	0.13%
	GAP	C	0.07%	0.18%	0.07%
	GGG	B	0.2%	0.54%	0.2%
	GLPI	C	0.13%	0.48%	0.13%
	GME	C	0.05%	0.31%	0.05%
	GMED	A	0.14%	0.35%	0.14%
	GNTX	C	0.12%	0.26%	0.12%
	GPK	C	0.14%	0.32%	0.14%
	GXO	B	0.11%	0.25%	0.11%
	H	B	0.08%	0.26%	0.08%
	HALO	F	0.09%	0.22%	0.09%
	HLI	B	0.12%	0.36%	0.12%
	HQY	B	0.1%	0.34%	0.1%
	HRB	D	0.11%	0.28%	0.11%
	IBKR	A	0.21%	0.75%	0.21%
	INGR	B	0.19%	0.33%	0.19%
	ITT	A	0.2%	0.47%	0.2%
	JAZZ	B	0.14%	0.29%	0.14%
	JEF	A	0.22%	0.48%	0.22%
	JLL	D	0.22%	0.44%	0.22%
	KBR	F	0.11%	0.31%	0.11%
	KEX	C	0.01%	0.28%	0.01%
	KNSL	B	0.14%	0.41%	0.14%
	KNX	B	0.15%	0.33%	0.15%
	LAD	A	0.19%	0.42%	0.19%
	LAMR	D	0.13%	0.4%	0.13%
	LEA	D	0.11%	0.21%	0.11%
	LECO	B	0.16%	0.45%	0.16%
	LFUS	F	0.12%	0.23%	0.12%
	LII	A	0.24%	0.74%	0.24%
	LNTH	D	0.04%	0.22%	0.04%
	LNW	D	0.12%	0.29%	0.12%
	LPX	B	0.07%	0.26%	0.07%
	LSCC	D	0.09%	0.26%	0.09%
	LSTR	D	0.11%	0.23%	0.11%
	MANH	D	0.21%	0.58%	0.21%
	MASI	A	0.11%	0.27%	0.11%
	MAT	D	0.11%	0.23%	0.11%
	MEDP	D	0.11%	0.29%	0.11%
	MIDD	C	0.12%	0.28%	0.12%
	MORN	B	0.12%	0.32%	0.12%
	MSA	D	0.08%	0.24%	0.08%
	MTDR	B	0.1%	0.28%	0.1%
	MTG	C	0.05%	0.24%	0.05%
	MTSI	B	0.08%	0.26%	0.08%
	MTZ	B	0.12%	0.32%	0.12%
	MUR	D	0.08%	0.18%	0.08%
	MUSA	A	0.14%	0.35%	0.14%
	NBIX	C	0.16%	0.46%	0.16%
	NEU	C	0.03%	0.13%	0.03%
	NNN	D	0.08%	0.27%	0.08%
	NOV	C	0.08%	0.25%	0.08%
	NOVT	D	0.08%	0.23%	0.08%
	NVT	B	0.17%	0.47%	0.17%
	NXST	C	0.14%	0.19%	0.14%
	NYT	C	0.13%	0.31%	0.13%
	OC	A	0.39%	0.63%	0.39%
	OGE	B	0.15%	0.3%	0.15%
	OHI	C	0.1%	0.35%	0.1%
	OLED	D	0.13%	0.24%	0.13%
	ONB	B	0.05%	0.25%	0.05%
	ONTO	D	0.1%	0.31%	0.1%
	ORI	A	0.17%	0.35%	0.17%
	OSK	B	0.14%	0.28%	0.14%
	OVV	B	0.18%	0.45%	0.18%
	PAG	B	0.07%	0.12%	0.07%
	PB	A	0.1%	0.28%	0.1%
	PCTY	B	0.11%	0.3%	0.11%
	PFGC	B	0.21%	0.48%	0.21%
	PNFP	B	0.13%	0.36%	0.13%
	POST	C	0.12%	0.2%	0.12%
	PPC	C	0.04%	0.09%	0.04%
	PR	B	0.1%	0.3%	0.1%
	PRI	A	0.16%	0.38%	0.16%
	PSTG	D	0.16%	0.58%	0.16%
	PVH	C	0.07%	0.2%	0.07%
	R	B	0.08%	0.27%	0.08%
	RBC	A	0.09%	0.35%	0.09%
	REXR	F	0.09%	0.33%	0.09%
	RGA	A	0.24%	0.56%	0.24%
	RGEN	D	0.09%	0.27%	0.09%
	RGLD	C	0.11%	0.36%	0.11%
	RLI	B	0.1%	0.26%	0.1%
	RNR	C	0.22%	0.5%	0.22%
	ROIV	C	0.03%	0.13%	0.03%
	RPM	A	0.19%	0.6%	0.19%
	RRC	B	0.12%	0.31%	0.12%
	RRX	B	0.16%	0.46%	0.16%
	RS	B	0.24%	0.67%	0.24%
	SAIA	B	0.18%	0.45%	0.18%
	SAIC	F	0.12%	0.22%	0.12%
	SCI	B	0.29%	0.44%	0.29%
	SEIC	B	0.16%	0.29%	0.16%
	SF	B	0.2%	0.44%	0.2%
	SFM	A	0.15%	0.53%	0.15%
	SIGI	C	0.06%	0.21%	0.06%
	SKX	D	0.13%	0.29%	0.13%
	SNV	B	0.04%	0.3%	0.04%
	SNX	C	0.09%	0.35%	0.09%
	SON	D	0.11%	0.18%	0.11%
	SSB	B	0.1%	0.3%	0.1%
	SSD	D	0.1%	0.28%	0.1%
	ST	F	0.12%	0.18%	0.12%
	STAG	F	0.07%	0.24%	0.07%
	THC	D	0.23%	0.55%	0.23%
	THO	B	0.06%	0.23%	0.06%
	TKR	D	0.08%	0.18%	0.08%
	TMHC	B	0.1%	0.27%	0.1%
	TOL	B	0.31%	0.58%	0.31%
	TPL	A	0.33%	1.05%	0.33%
	TPX	B	0.12%	0.35%	0.12%
	TREX	C	0.11%	0.26%	0.11%
	TTC	D	0.13%	0.34%	0.13%
	TTEK	F	0.13%	0.39%	0.13%
	TXRH	C	0.18%	0.47%	0.18%
	UFPI	B	0.13%	0.3%	0.13%
	UNM	A	0.21%	0.48%	0.21%
	USFD	A	0.27%	0.54%	0.27%
	UTHR	C	0.3%	0.6%	0.3%
	VNO	B	0.04%	0.23%	0.04%
	VOYA	B	0.13%	0.27%	0.13%
	WBS	A	0.16%	0.39%	0.16%
	WCC	B	0.21%	0.34%	0.21%
	WEX	D	0.12%	0.26%	0.12%
	WFRD	D	0.07%	0.25%	0.07%
	WH	B	0.14%	0.27%	0.14%
	WHR	B	0.11%	0.23%	0.11%
	WING	D	0.08%	0.34%	0.08%
	WLK	D	0.06%	0.15%	0.06%
	WMG	C	0.03%	0.17%	0.03%
	WMS	D	0.13%	0.34%	0.13%
	WPC	D	0.1%	0.42%	0.1%
	WSM	B	0.25%	0.8%	0.25%
	WSO	A	0.17%	0.62%	0.17%
	WTFC	A	0.13%	0.32%	0.13%
	WTRG	B	0.11%	0.35%	0.11%
	WTS	B	0.07%	0.2%	0.07%
	WWD	B	0.15%	0.38%	0.15%
	X	C	0.15%	0.35%	0.15%
	XPO	B	0.21%	0.67%	0.21%
	ZION	B	0.17%	0.34%	0.17%

JHMM Overweight 408 Positions Relative to QVMM

	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%
	SYF	B	0.43%
	FLEX	A	0.42%
	PWR	A	0.42%
	IT	C	0.4%
	PHM	D	0.4%
	ETR	B	0.39%
	RCL	A	0.37%
	CBRE	B	0.37%
	FITB	A	0.36%
	WAB	B	0.36%
	NVR	D	0.36%
	MTB	A	0.36%
	TSCO	D	0.35%
	DOV	A	0.35%
	EIX	B	0.35%
	VRSK	A	0.35%
	LNG	B	0.35%
	APP	B	0.35%
	BLDR	D	0.34%
	FANG	D	0.34%
	COR	B	0.33%
	ACGL	D	0.33%
	FCNCA	A	0.33%
	VRT	B	0.32%
	ROK	B	0.32%
	WTW	B	0.32%
	HPE	B	0.32%
	RMD	C	0.32%
	RJF	A	0.32%
	EBAY	D	0.31%
	DECK	A	0.31%
	LH	C	0.31%
	ANSS	B	0.31%
	KEYS	A	0.31%
	IR	B	0.31%
	GLW	B	0.31%
	STLD	B	0.31%
	DFS	B	0.31%
	TTWO	A	0.31%
	DGX	A	0.3%
	HUBB	B	0.3%
	LPLA	A	0.29%
	NDAQ	A	0.29%
	NTAP	C	0.29%
	MLM	B	0.29%
	RF	A	0.29%
	IRM	D	0.29%
	BR	A	0.29%
	BKR	B	0.29%
	GRMN	B	0.29%
	NI	A	0.28%
	EXR	D	0.28%
	CAH	B	0.28%
	STT	A	0.28%
	SNA	A	0.27%
	CDW	F	0.27%
	AXON	A	0.27%
	FFIV	B	0.27%
	ZBRA	B	0.27%
	MPWR	F	0.26%
	GDDY	A	0.26%
	HBAN	A	0.26%
	EFX	F	0.26%
	TPR	B	0.26%
	FSLR	F	0.26%
	IP	B	0.26%
	OMC	C	0.26%
	CPAY	A	0.26%
	KR	B	0.26%
	TYL	B	0.26%
	VTRS	A	0.26%
	HOLX	D	0.25%
	EVRG	A	0.25%
	MTD	D	0.25%
	PCG	A	0.25%
	CNP	B	0.25%
	ZBH	C	0.25%
	BBY	D	0.25%
	TRMB	B	0.25%
	WDC	D	0.25%
	PNR	A	0.25%
	PFG	D	0.25%
	VMC	B	0.25%
	PTC	A	0.24%
	GEN	B	0.24%
	JBL	B	0.24%
	BAH	F	0.24%
	WST	C	0.24%
	DRI	B	0.23%
	WEC	A	0.23%
	TDY	B	0.23%
	PKG	A	0.23%
	JNPR	F	0.23%
	CFG	B	0.23%
	STE	F	0.23%
	AEE	A	0.23%
	BRO	B	0.23%
	MKL	A	0.22%
	FDS	B	0.22%
	MRO	B	0.22%
	TER	D	0.22%
	CHD	B	0.22%
	NRG	B	0.22%
	GWRE	A	0.22%
	HUBS	A	0.22%
	LDOS	C	0.22%
	MOH	F	0.22%
	XYL	D	0.22%
	EXPD	D	0.22%
	UHS	D	0.22%
	CINF	A	0.21%
	ULTA	F	0.21%
	WAT	B	0.21%
	TROW	B	0.21%
	IPG	D	0.21%
	SSNC	B	0.21%
	DTE	C	0.21%
	DOX	D	0.21%
	FTV	C	0.2%
	AKAM	D	0.2%
	ALLE	D	0.2%
	ALNY	D	0.2%
	PPL	B	0.2%
	EXPE	B	0.2%
	FE	C	0.2%
	PNW	B	0.2%
	NTRS	A	0.2%
	CTRA	B	0.2%
	AIZ	A	0.19%
	PODD	C	0.19%
	EMN	D	0.19%
	ATO	A	0.19%
	FOXA	B	0.19%
	GPC	D	0.19%
	AVY	D	0.19%
	LNT	A	0.19%
	BG	F	0.19%
	L	A	0.19%
	TWLO	A	0.19%
	CMS	C	0.19%
	KEY	B	0.19%
	WRB	A	0.19%
	HOOD	B	0.18%
	WAL	B	0.18%
	TXT	D	0.18%
	SWKS	F	0.18%
	ARES	A	0.18%
	RVTY	F	0.18%
	CLX	B	0.18%
	DOCU	A	0.18%
	STX	D	0.18%
	JBHT	C	0.18%
	CHRW	C	0.18%
	CMI	A	0.18%
	BALL	D	0.18%
	HAL	C	0.18%
	CRL	C	0.18%
	AWK	D	0.18%
	K	A	0.18%
	ZM	B	0.17%
	MAS	D	0.17%
	CVNA	B	0.17%
	CCL	B	0.17%
	NCLH	B	0.17%
	IEX	B	0.17%
	HSIC	B	0.17%
	CF	B	0.17%
	EQT	B	0.17%
	JKHY	D	0.17%
	ES	D	0.17%
	KMX	B	0.17%
	VICI	C	0.17%
	ENTG	D	0.17%
	ALSN	B	0.17%
	CMA	A	0.17%
	NDSN	B	0.17%
	GL	B	0.17%
	LYB	F	0.17%
	DAY	B	0.16%
	SWK	D	0.16%
	WY	D	0.16%
	VTR	C	0.16%
	NWSA	B	0.16%
	DLTR	F	0.16%
	TSN	B	0.16%
	POOL	C	0.16%
	EG	C	0.16%
	AMCR	D	0.15%
	UAL	A	0.15%
	DVA	B	0.15%
	EQR	B	0.15%
	GNRC	B	0.15%
	KIM	A	0.15%
	TRU	D	0.15%
	CBOE	B	0.15%
	TECH	D	0.15%
	TAP	C	0.15%
	RHI	B	0.15%
	GLOB	B	0.15%
	LKQ	D	0.15%
	BWA	D	0.15%
	DPZ	C	0.15%
	IFF	D	0.15%
	AVB	B	0.15%
	VLTO	D	0.14%
	DAL	C	0.14%
	RL	B	0.14%
	EPAM	C	0.14%
	AOS	F	0.14%
	CTLT	B	0.14%
	GPN	B	0.14%
	LW	C	0.14%
	UDR	B	0.14%
	VRSN	F	0.14%
	MKC	D	0.14%
	SJM	D	0.14%
	MKSI	C	0.14%
	HAS	D	0.14%
	MKTX	D	0.13%
	SW	A	0.13%
	CPT	B	0.13%
	CPB	D	0.13%
	NTRA	B	0.13%
	LYV	A	0.13%
	INCY	C	0.13%
	TFX	F	0.13%
	Z	A	0.13%
	REG	B	0.13%
	MOS	F	0.12%
	ENSG	D	0.12%
	LBRDK	C	0.12%
	CAG	D	0.12%
	HST	C	0.12%
	ESS	B	0.12%
	TOST	B	0.12%
	QRVO	F	0.12%
	ELS	C	0.12%
	J	F	0.12%
	DD	D	0.12%
	IVZ	B	0.12%
	HII	D	0.12%
	PPG	F	0.12%
	INVH	D	0.12%
	AES	F	0.12%
	ELAN	D	0.11%
	DBX	B	0.11%
	UHAL	D	0.11%
	BPOP	B	0.11%
	MTN	C	0.11%
	HEI	B	0.11%
	FTI	A	0.11%
	WSC	D	0.11%
	SOFI	A	0.11%
	DT	C	0.11%
	BIO	D	0.11%
	CG	A	0.11%
	SBAC	D	0.11%
	APG	B	0.11%
	ARE	D	0.11%
	BAX	D	0.11%
	ROL	B	0.11%
	MAA	B	0.11%
	MHK	D	0.11%
	NET	B	0.11%
	BXP	D	0.11%
	ERIE	D	0.11%
	PAYC	B	0.11%
	NTNX	A	0.1%
	WYNN	D	0.1%
	DOC	D	0.1%
	CE	F	0.1%
	MLI	C	0.1%
	PINS	D	0.1%
	RBLX	C	0.1%
	HPQ	B	0.1%
	ALGN	D	0.1%
	MDB	C	0.09%
	WBD	C	0.09%
	PLNT	A	0.09%
	APA	D	0.09%
	HEI	B	0.09%
	ZS	C	0.09%
	ROKU	D	0.09%
	TW	A	0.09%
	AFRM	B	0.09%
	JXN	C	0.09%
	FOX	A	0.09%
	BILL	A	0.09%
	CNH	C	0.09%
	VEEV	C	0.09%
	SUI	D	0.09%
	EXAS	D	0.09%
	DKNG	B	0.09%
	ACI	C	0.09%
	FN	D	0.09%
	FRT	B	0.09%
	BBWI	D	0.08%
	FMC	D	0.08%
	BEN	C	0.08%
	MTCH	D	0.08%
	ICLR	D	0.08%
	SPSC	C	0.08%
	OKTA	C	0.08%
	PEN	B	0.08%
	SITE	D	0.08%
	ALB	C	0.08%
	SRPT	D	0.08%
	NSIT	F	0.08%
	SOLV	C	0.08%
	CRBG	B	0.08%
	BSY	D	0.08%
	NWS	B	0.07%
	ENPH	F	0.07%
	PCVX	D	0.07%
	ILMN	D	0.07%
	ATI	D	0.07%
	HLNE	B	0.07%
	RPRX	D	0.07%
	EDR	A	0.06%
	BFAM	D	0.06%
	ESTC	C	0.06%
	COLD	D	0.06%
	FOUR	B	0.06%
	ADTN	A	0.06%
	ITCI	C	0.06%
	CHH	A	0.06%
	TKO	B	0.06%
	ELF	C	0.06%
	HRL	D	0.06%
	SMAR	A	0.06%
	S	B	0.06%
	SMCI	F	0.05%
	BOKF	B	0.05%
	PSN	D	0.05%
	RVMD	C	0.05%
	PARA	C	0.05%
	RHP	B	0.05%
	TRNO	F	0.05%
	AZEK	A	0.05%
	IBP	D	0.05%
	ESI	A	0.05%
	SNAP	C	0.05%
	VFC	C	0.05%
	BMI	B	0.05%
	GTLB	B	0.05%
	SN	D	0.05%
	PCOR	B	0.05%
	OMF	A	0.05%
	ETSY	D	0.05%
	SUM	B	0.05%
	ENLC	A	0.04%
	CSGP	D	0.04%
	ZWS	B	0.04%
	CYTK	F	0.04%
	AXS	A	0.04%
	HCP	B	0.04%
	CFLT	B	0.04%
	LUV	C	0.04%
	CACC	D	0.04%
	U	C	0.04%
	IOT	A	0.04%
	PATH	C	0.04%
	CRS	A	0.04%
	MOG.A	B	0.04%
	MOD	A	0.04%
	INSM	C	0.04%
	AAL	B	0.03%
	DDS	B	0.03%
	AUR	C	0.03%
	GKOS	B	0.03%
	PEGA	A	0.03%
	FRPT	B	0.03%
	CWST	A	0.03%
	BPMC	C	0.03%
	IONS	F	0.03%
	RCM	F	0.03%
	VKTX	F	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%
	INFA	D	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%
	SIRI	C	0.01%
	NPAB	B	0.01%
	UHAL	D	0.01%
	KNTK	B	0.01%
	STEP	B	0.01%
	UWMC	D	0.0%

JHMM Underweight 120 Positions Relative to QVMM

	Symbol	Grade	Weight
	RBA	A	-0.62%
	VMI	B	-0.26%
	RYAN	B	-0.26%
	GBCI	B	-0.25%
	CADE	B	-0.25%
	COLB	A	-0.24%
	KD	B	-0.24%
	FNB	A	-0.23%
	VNT	B	-0.23%
	CBT	C	-0.22%
	RMBS	C	-0.22%
	AMG	B	-0.22%
	CNX	A	-0.22%
	STWD	C	-0.22%
	IDA	A	-0.21%
	THG	A	-0.21%
	HOMB	A	-0.21%
	KRG	B	-0.21%
	UBSI	B	-0.21%
	KBH	D	-0.21%
	JHG	A	-0.21%
	KNF	A	-0.2%
	NFG	A	-0.2%
	SLM	A	-0.2%
	GATX	A	-0.2%
	FFIN	B	-0.19%
	BDC	B	-0.19%
	UGI	A	-0.19%
	UMBF	B	-0.19%
	QLYS	C	-0.19%
	HWC	B	-0.19%
	OZK	B	-0.19%
	BC	C	-0.19%
	OLLI	D	-0.18%
	EEFT	B	-0.18%
	HXL	D	-0.18%
	OLN	D	-0.18%
	MMS	F	-0.18%
	VVV	F	-0.18%
	AVT	C	-0.18%
	SWX	B	-0.17%
	NJR	A	-0.17%
	POR	C	-0.17%
	IRT	A	-0.17%
	AVNT	B	-0.17%
	BYD	C	-0.17%
	LOPE	B	-0.17%
	EXPO	D	-0.17%
	KMPR	B	-0.16%
	HAE	C	-0.16%
	CNO	A	-0.16%
	VLY	B	-0.16%
	CUZ	B	-0.16%
	SLGN	A	-0.16%
	OGS	A	-0.15%
	ASGN	F	-0.15%
	HOG	D	-0.15%
	BKH	A	-0.15%
	M	D	-0.15%
	PNM	F	-0.15%
	ORA	B	-0.15%
	KRC	C	-0.15%
	FLO	D	-0.15%
	BCO	D	-0.15%
	ASB	B	-0.15%
	TCBI	B	-0.14%
	XRAY	F	-0.14%
	IBOC	A	-0.14%
	TEX	D	-0.14%
	MSM	C	-0.14%
	TNL	A	-0.14%
	UAA	C	-0.14%
	SR	A	-0.14%
	PRGO	B	-0.14%
	SBRA	C	-0.14%
	ASH	D	-0.14%
	RYN	D	-0.14%
	ENS	D	-0.14%
	LANC	C	-0.13%
	NVST	B	-0.13%
	PBF	D	-0.13%
	ALE	A	-0.13%
	OPCH	D	-0.13%
	WU	D	-0.13%
	PII	D	-0.13%
	VAL	D	-0.12%
	NEOG	F	-0.12%
	PK	B	-0.12%
	EPR	D	-0.12%
	FHI	A	-0.12%
	PCH	D	-0.12%
	NWE	B	-0.12%
	YETI	C	-0.12%
	GHC	C	-0.12%
	BHF	B	-0.12%
	CDP	C	-0.12%
	SLAB	D	-0.12%
	WEN	D	-0.11%
	ZI	D	-0.11%
	MAN	D	-0.11%
	NSA	D	-0.11%
	HGV	B	-0.11%
	VAC	B	-0.11%
	SYNA	C	-0.11%
	VC	D	-0.1%
	NSP	D	-0.1%
	LIVN	F	-0.1%
	SAM	C	-0.1%
	CXT	B	-0.1%
	GT	C	-0.1%
	AZTA	D	-0.09%
	COLM	B	-0.09%
	JWN	C	-0.08%
	IPGP	D	-0.08%
	ENOV	C	-0.08%
	GEF	A	-0.07%
	CNXC	F	-0.07%
	CPRI	F	-0.07%
	VSH	D	-0.07%
	CRI	D	-0.06%

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

QVMM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Business Services Oil & Gas E&P Biotechnology Packaging & Containers Software - Application Specialty Chemicals Building Materials Engineering & Construction Asset Management Packaged Foods REIT - Diversified REIT - Industrial Semiconductors Apparel Manufacturing Insurance - Property & Casualty Medical Care REIT - Retail Scientific & Technical Instruments

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Semiconductor Construction Beverage Deposit Products Supply Chain Management Commercial Banking Building Materials Computing Insurance Products Telecommunications Electricity