JHMM vs. VBR ETF Comparison

Comparison of John Hancock Multifactor Mid Cap ETF (JHMM) to Vanguard Small-Cap Value ETF - DNQ (VBR)

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&#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 between the 200th and 951st largest U.S. Company at the time of reconstitution.

Grade (RS Rating)

Last Trade

$59.86

Average Daily Volume

145,003

Number of Holdings ^*

634

* may have additional holdings in another (foreign) market

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$198.98

Average Daily Volume

430,761

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

Performance

Period	JHMM	VBR
30 Days	1.66%	0.71%
60 Days	7.51%	6.22%
90 Days	9.23%	10.06%
12 Months	29.56%	29.54%

241 Overlapping Holdings

Symbol	Grade	Weight in JHMM	Weight in VBR	Overlap
AA	C	0.05%	0.17%	0.05%
AAL	D	0.02%	0.2%	0.02%
ACHC	F	0.13%	0.21%	0.13%
ACI	F	0.09%	0.2%	0.09%
ACM	B	0.22%	0.4%	0.22%
ADC	B	0.07%	0.22%	0.07%
ADTN	C	0.06%	0.08%	0.06%
AES	B	0.18%	0.18%	0.18%
AFG	B	0.18%	0.28%	0.18%
AGCO	D	0.14%	0.17%	0.14%
AIT	A	0.13%	0.23%	0.13%
AIZ	A	0.18%	0.3%	0.18%
ALLE	A	0.21%	0.36%	0.21%
ALLY	F	0.24%	0.35%	0.24%
ALSN	A	0.14%	0.24%	0.14%
AM	A	0.05%	0.15%	0.05%
AMKR	F	0.08%	0.11%	0.08%
AN	B	0.18%	0.17%	0.17%
ANF	D	0.09%	0.22%	0.09%
APA	F	0.09%	0.31%	0.09%
APG	F	0.11%	0.26%	0.11%
AR	C	0.11%	0.12%	0.11%
ARMK	B	0.18%	0.28%	0.18%
ARW	C	0.18%	0.21%	0.18%
ATO	A	0.19%	0.54%	0.19%
ATR	A	0.17%	0.3%	0.17%
AUR	C	0.03%	0.12%	0.03%
AXS	A	0.04%	0.18%	0.04%
AXTA	C	0.14%	0.24%	0.14%
AYI	A	0.14%	0.23%	0.14%
BAH	A	0.26%	0.6%	0.26%
BBWI	F	0.08%	0.2%	0.08%
BECN	F	0.01%	0.17%	0.01%
BERY	C	0.19%	0.22%	0.19%
BG	D	0.22%	0.42%	0.22%
BIO	B	0.11%	0.2%	0.11%
BJ	D	0.18%	0.31%	0.18%
BLDR	B	0.37%	0.62%	0.37%
BOKF	D	0.04%	0.07%	0.04%
BPOP	D	0.11%	0.22%	0.11%
BRO	A	0.23%	0.35%	0.23%
BRX	B	0.09%	0.24%	0.09%
BWA	C	0.16%	0.23%	0.16%
BXP	C	0.12%	0.31%	0.12%
CACC	F	0.04%	0.08%	0.04%
CACI	A	0.19%	0.32%	0.19%
CBSH	D	0.12%	0.22%	0.12%
CCK	A	0.18%	0.32%	0.18%
CFR	D	0.1%	0.19%	0.1%
CG	C	0.09%	0.28%	0.09%
CHK	C	0.21%	0.27%	0.21%
CHRD	F	0.08%	0.26%	0.08%
CHRW	A	0.18%	0.34%	0.18%
CLF	D	0.14%	0.18%	0.14%
CMA	C	0.15%	0.22%	0.15%
CMC	C	0.11%	0.18%	0.11%
COHR	B	0.24%	0.17%	0.17%
COTY	F	0.06%	0.1%	0.06%
CPT	C	0.14%	0.39%	0.14%
CR	C	0.1%	0.23%	0.1%
CRUS	D	0.06%	0.23%	0.06%
CSL	A	0.28%	0.59%	0.28%
CTLT	B	0.15%	0.15%	0.15%
DCI	B	0.16%	0.26%	0.16%
DDS	D	0.03%	0.03%	0.03%
DINO	F	0.11%	0.24%	0.11%
DKS	D	0.19%	0.28%	0.19%
DOC	B	0.11%	0.23%	0.11%
DTM	A	0.08%	0.22%	0.08%
DVA	B	0.16%	0.21%	0.16%
EDR	A	0.06%	0.05%	0.05%
EGP	D	0.09%	0.26%	0.09%
EHC	B	0.2%	0.28%	0.2%
ELAN	D	0.11%	0.22%	0.11%
EME	C	0.27%	0.54%	0.27%
EMN	B	0.22%	0.35%	0.22%
EPAM	F	0.12%	0.16%	0.12%
EQH	C	0.29%	0.41%	0.29%
ESAB	C	0.08%	0.18%	0.08%
ESI	B	0.05%	0.17%	0.05%
ESNT	C	0.09%	0.19%	0.09%
EVR	C	0.1%	0.25%	0.1%
EVRG	B	0.25%	0.19%	0.19%
EWBC	D	0.22%	0.34%	0.22%
FAF	B	0.12%	0.18%	0.12%
FCN	B	0.11%	0.24%	0.11%
FCNCA	D	0.3%	0.65%	0.3%
FFIV	C	0.26%	0.35%	0.26%
FHN	D	0.11%	0.27%	0.11%
FLR	D	0.08%	0.25%	0.08%
FLS	B	0.08%	0.19%	0.08%
FMC	B	0.09%	0.24%	0.09%
FR	C	0.08%	0.22%	0.08%
FRT	B	0.1%	0.28%	0.1%
FYBR	C	0.15%	0.21%	0.15%
G	A	0.12%	0.21%	0.12%
GAP	F	0.07%	0.16%	0.07%
GL	C	0.18%	0.28%	0.18%
GLPI	B	0.14%	0.39%	0.14%
GME	D	0.05%	0.22%	0.05%
GPK	B	0.16%	0.27%	0.16%
HAS	A	0.17%	0.26%	0.17%
HII	D	0.17%	0.33%	0.17%
HRB	C	0.12%	0.26%	0.12%
HSIC	C	0.19%	0.27%	0.19%
HUBB	A	0.31%	0.32%	0.31%
IEX	D	0.16%	0.46%	0.16%
INFA	D	0.02%	0.05%	0.02%
INGR	A	0.18%	0.26%	0.18%
IPG	C	0.24%	0.36%	0.24%
ITT	B	0.21%	0.34%	0.21%
IVZ	C	0.13%	0.21%	0.13%
JAZZ	F	0.12%	0.2%	0.12%
JBL	D	0.24%	0.37%	0.24%
JEF	B	0.19%	0.26%	0.19%
JLL	B	0.24%	0.36%	0.24%
JNPR	C	0.24%	0.37%	0.24%
JXN	B	0.08%	0.2%	0.08%
KBR	D	0.12%	0.27%	0.12%
KEX	C	0.01%	0.21%	0.01%
KIM	C	0.14%	0.46%	0.14%
KMX	D	0.18%	0.39%	0.18%
KNX	C	0.15%	0.24%	0.15%
LAD	B	0.17%	0.24%	0.17%
LAMR	C	0.14%	0.16%	0.14%
LDOS	A	0.22%	0.31%	0.22%
LEA	F	0.13%	0.19%	0.13%
LEVI	B	0.03%	0.03%	0.03%
LKQ	F	0.16%	0.16%	0.16%
LPX	A	0.07%	0.18%	0.07%
MAT	C	0.11%	0.19%	0.11%
MHK	B	0.13%	0.25%	0.13%
MIDD	D	0.13%	0.11%	0.11%
MKSI	F	0.15%	0.24%	0.15%
MLI	B	0.08%	0.23%	0.08%
MOG.A	B	0.04%	0.17%	0.04%
MOS	F	0.12%	0.27%	0.12%
MSA	D	0.09%	0.2%	0.09%
MTG	B	0.06%	0.2%	0.06%
MTZ	C	0.11%	0.11%	0.11%
MUR	F	0.08%	0.16%	0.08%
MUSA	D	0.14%	0.28%	0.14%
NCLH	C	0.14%	0.11%	0.11%
NI	A	0.27%	0.22%	0.22%
NNN	A	0.09%	0.25%	0.09%
NRG	A	0.23%	0.52%	0.23%
NSIT	C	0.12%	0.21%	0.12%
NVT	D	0.17%	0.33%	0.17%
NXST	D	0.15%	0.16%	0.15%
NYT	B	0.14%	0.25%	0.14%
OC	B	0.36%	0.43%	0.36%
OGE	A	0.15%	0.23%	0.15%
OHI	C	0.11%	0.29%	0.11%
OMF	D	0.05%	0.17%	0.05%
ONB	D	0.05%	0.19%	0.05%
ORI	A	0.17%	0.26%	0.17%
OSK	F	0.13%	0.21%	0.13%
OVV	F	0.16%	0.34%	0.16%
PAG	D	0.07%	0.1%	0.07%
PARA	F	0.05%	0.16%	0.05%
PB	D	0.09%	0.2%	0.09%
PFGC	B	0.2%	0.34%	0.2%
PNFP	D	0.1%	0.11%	0.1%
PNR	A	0.24%	0.43%	0.24%
PNW	A	0.21%	0.29%	0.21%
POST	B	0.13%	0.08%	0.08%
PPC	A	0.03%	0.05%	0.03%
PR	F	0.09%	0.12%	0.09%
PRI	A	0.15%	0.27%	0.15%
PSN	A	0.05%	0.13%	0.05%
PVH	F	0.07%	0.16%	0.07%
QRVO	F	0.2%	0.16%	0.16%
R	C	0.06%	0.18%	0.06%
RBRK	F	0.01%	0.03%	0.01%
REG	B	0.13%	0.39%	0.13%
REYN	C	0.03%	0.05%	0.03%
RGA	C	0.24%	0.43%	0.24%
RHI	D	0.14%	0.18%	0.14%
RL	B	0.13%	0.18%	0.13%
RLI	A	0.09%	0.2%	0.09%
RNR	A	0.24%	0.4%	0.24%
RPM	C	0.18%	0.44%	0.18%
RRC	D	0.11%	0.2%	0.11%
RRX	C	0.16%	0.33%	0.16%
RS	D	0.23%	0.48%	0.23%
SAIC	B	0.13%	0.2%	0.13%
SCI	C	0.28%	0.32%	0.28%
SEIC	B	0.14%	0.23%	0.14%
SF	A	0.17%	0.25%	0.17%
SFM	A	0.12%	0.31%	0.12%
SIGI	D	0.06%	0.16%	0.06%
SJM	B	0.16%	0.17%	0.16%
SMMT	D	0.01%	0.02%	0.01%
SNV	D	0.03%	0.19%	0.03%
SNX	C	0.1%	0.23%	0.1%
SOLV	D	0.09%	0.26%	0.09%
SON	D	0.12%	0.16%	0.12%
SSB	C	0.09%	0.22%	0.09%
ST	F	0.14%	0.17%	0.14%
STAG	D	0.07%	0.22%	0.07%
STEP	A	0.01%	0.05%	0.01%
STLD	C	0.3%	0.26%	0.26%
SUM	D	0.05%	0.15%	0.05%
SW	B	0.13%	0.72%	0.13%
SWN	C	0.15%	0.21%	0.15%
TAP	D	0.14%	0.28%	0.14%
TFX	B	0.18%	0.34%	0.18%
THC	C	0.24%	0.48%	0.24%
THO	C	0.07%	0.16%	0.07%
TKR	B	0.09%	0.16%	0.09%
TMHC	B	0.1%	0.2%	0.1%
TOL	A	0.32%	0.44%	0.32%
TPR	B	0.22%	0.28%	0.22%
TTEK	B	0.16%	0.37%	0.16%
UFPI	B	0.13%	0.21%	0.13%
UHAL	A	0.13%	0.19%	0.13%
UHAL	A	0.02%	0.19%	0.02%
UHAL	A	0.02%	0.02%	0.02%
UHAL	A	0.13%	0.02%	0.02%
UHS	D	0.28%	0.4%	0.28%
UNM	A	0.17%	0.26%	0.17%
USFD	C	0.26%	0.43%	0.26%
UTHR	B	0.29%	0.47%	0.29%
VFC	B	0.05%	0.19%	0.05%
VNO	B	0.03%	0.17%	0.03%
VOYA	A	0.13%	0.21%	0.13%
WAL	C	0.17%	0.25%	0.17%
WBS	D	0.13%	0.24%	0.13%
WCC	C	0.18%	0.25%	0.18%
WHR	C	0.11%	0.16%	0.11%
WLK	B	0.07%	0.08%	0.07%
WSM	C	0.3%	0.4%	0.3%
WTFC	C	0.11%	0.21%	0.11%
WTRG	D	0.11%	0.28%	0.11%
WTS	B	0.08%	0.16%	0.08%
X	F	0.15%	0.23%	0.15%
XPO	F	0.16%	0.19%	0.16%
Z	C	0.12%	0.26%	0.12%
ZG	C	0.02%	0.06%	0.02%
ZION	D	0.14%	0.21%	0.14%
ZWS	A	0.03%	0.13%	0.03%

JHMM Overweight 395 Positions Relative to VBR

Symbol	Grade	Weight
URI	B	0.65%
AMP	A	0.5%
VST	A	0.47%
HIG	A	0.45%
PHM	A	0.45%
MPWR	C	0.44%
FICO	C	0.42%
AME	D	0.41%
FLEX	B	0.4%
IT	C	0.4%
PWR	B	0.4%
ACGL	A	0.39%
FAST	C	0.39%
NVR	A	0.39%
HWM	A	0.39%
EIX	A	0.38%
CBRE	A	0.37%
TRGP	C	0.37%
TSCO	A	0.37%
ETR	A	0.36%
WAB	A	0.35%
RMD	C	0.35%
FSLR	C	0.35%
CDW	D	0.35%
KEYS	C	0.34%
FITB	C	0.34%
VRSK	D	0.34%
SYF	C	0.34%
DOV	C	0.34%
FANG	F	0.33%
EBAY	A	0.33%
IRM	B	0.32%
HPE	C	0.32%
NTAP	D	0.32%
DGX	C	0.31%
WTW	A	0.31%
ANSS	D	0.31%
LNG	D	0.31%
MTB	C	0.31%
MTD	B	0.31%
ROK	D	0.31%
GLW	C	0.31%
EXR	C	0.31%
EFX	D	0.3%
RCL	C	0.3%
IR	B	0.3%
DECK	C	0.29%
TER	D	0.29%
WDC	C	0.29%
STT	C	0.28%
MLM	D	0.28%
NDAQ	C	0.28%
BBY	B	0.28%
BR	B	0.28%
HOLX	D	0.27%
RF	C	0.27%
ZBRA	C	0.27%
OMC	A	0.27%
TTWO	F	0.27%
VRT	B	0.27%
MOH	D	0.26%
KR	B	0.26%
XYL	B	0.26%
TYL	C	0.26%
RJF	B	0.26%
ZBH	F	0.26%
STE	D	0.26%
DFS	C	0.26%
PFG	C	0.26%
CAH	B	0.26%
EXPD	B	0.25%
CASY	D	0.25%
BKR	B	0.25%
CNP	B	0.25%
VTRS	D	0.25%
LII	C	0.25%
GRMN	D	0.25%
VMC	D	0.24%
PCG	B	0.24%
CPAY	A	0.23%
GPC	D	0.23%
DOX	B	0.23%
WST	D	0.23%
AEE	A	0.23%
ULTA	D	0.23%
AKAM	D	0.23%
PTC	D	0.23%
IP	B	0.23%
WEC	A	0.23%
DRI	C	0.23%
DTE	A	0.23%
CHD	B	0.22%
PKG	A	0.22%
LPLA	D	0.22%
TDY	B	0.22%
SWKS	F	0.22%
AVY	B	0.22%
ALNY	B	0.22%
TPL	B	0.22%
MANH	C	0.22%
BLD	C	0.22%
HBAN	C	0.22%
SSNC	C	0.22%
FE	A	0.22%
BURL	D	0.22%
TRMB	B	0.22%
GDDY	D	0.22%
SNA	B	0.22%
BALL	B	0.21%
WAT	B	0.21%
GWRE	A	0.21%
MKL	B	0.21%
FDS	C	0.21%
AWK	C	0.21%
CMS	A	0.21%
CFG	D	0.21%
CLH	C	0.21%
LYB	D	0.21%
FTV	B	0.21%
STX	B	0.21%
CIEN	B	0.2%
CINF	A	0.2%
AVTR	D	0.2%
LNT	A	0.2%
GGG	B	0.2%
TROW	D	0.2%
MRO	D	0.2%
ENTG	D	0.2%
SWK	A	0.2%
PPL	A	0.2%
VICI	C	0.19%
IFF	C	0.19%
L	D	0.19%
FNF	A	0.19%
ES	A	0.19%
K	B	0.19%
CRL	F	0.19%
WRB	B	0.19%
CE	D	0.19%
CTRA	D	0.19%
FOXA	A	0.18%
KEY	C	0.18%
CF	A	0.18%
POOL	B	0.18%
HAL	F	0.18%
HUBS	D	0.18%
AOS	B	0.18%
JKHY	A	0.18%
NTRS	C	0.18%
CLX	B	0.18%
EG	B	0.18%
MAS	A	0.18%
DLTR	F	0.18%
NDSN	B	0.18%
AXON	A	0.18%
TXT	D	0.18%
APP	B	0.17%
TXRH	B	0.17%
MKC	B	0.17%
TECH	B	0.17%
PSTG	F	0.17%
FND	B	0.17%
AMCR	A	0.17%
WMS	D	0.17%
WSO	B	0.17%
CMI	B	0.17%
ARES	B	0.17%
EXPE	B	0.17%
JBHT	D	0.17%
WY	B	0.17%
PODD	C	0.17%
ERIE	A	0.16%
NBIX	F	0.16%
SKX	C	0.16%
LECO	F	0.16%
DPZ	D	0.16%
AVB	C	0.16%
CBOE	B	0.16%
OLED	C	0.16%
FIX	B	0.16%
TRU	C	0.16%
VTR	B	0.16%
CW	A	0.16%
IBKR	A	0.16%
EQT	C	0.15%
CPB	D	0.15%
NWSA	D	0.15%
EXEL	C	0.15%
CHE	B	0.15%
VRSN	C	0.15%
UDR	C	0.15%
SAIA	D	0.15%
WWD	B	0.15%
VLTO	C	0.15%
CROX	C	0.15%
ALV	F	0.15%
TSN	D	0.15%
EQR	C	0.15%
GLOB	D	0.14%
DD	B	0.14%
WEX	C	0.14%
ONTO	C	0.14%
LFUS	C	0.14%
PPG	D	0.14%
J	D	0.14%
TTC	D	0.14%
BAX	D	0.14%
ZM	B	0.14%
CAG	B	0.14%
DOCU	B	0.14%
GNRC	B	0.13%
CUBE	C	0.13%
WSC	D	0.13%
CHDN	D	0.13%
AMH	D	0.13%
HST	D	0.13%
HOOD	C	0.13%
ARE	D	0.13%
ENPH	D	0.13%
BMRN	F	0.13%
EXAS	C	0.13%
GNTX	F	0.13%
BRKR	D	0.13%
TWLO	C	0.13%
CCL	C	0.13%
INVH	D	0.13%
KNSL	D	0.13%
WPC	C	0.12%
ROL	B	0.12%
ICLR	F	0.12%
MTN	D	0.12%
CNM	F	0.12%
MAA	C	0.12%
WH	C	0.12%
ESS	C	0.12%
TPX	B	0.12%
BWXT	A	0.12%
LNW	F	0.12%
EXP	C	0.12%
LW	D	0.12%
ENSG	D	0.12%
ALGN	D	0.12%
CVNA	A	0.12%
RGLD	C	0.12%
SBAC	B	0.12%
GPN	F	0.12%
GMED	D	0.12%
DAY	C	0.12%
MKTX	C	0.12%
ELS	D	0.12%
WING	B	0.11%
TREX	D	0.11%
SUI	C	0.11%
HEI	C	0.11%
MEDP	F	0.11%
HPQ	C	0.11%
NTRA	B	0.11%
HLI	B	0.11%
LSTR	D	0.11%
DT	C	0.11%
SSD	C	0.11%
REXR	D	0.11%
DAL	B	0.11%
MORN	C	0.11%
LYV	A	0.11%
INCY	B	0.11%
PINS	D	0.11%
COKE	B	0.1%
MTCH	C	0.1%
LSCC	D	0.1%
MASI	C	0.1%
DKNG	D	0.1%
UAL	B	0.1%
WYNN	B	0.1%
SRPT	F	0.1%
FTI	B	0.1%
DBX	C	0.1%
GXO	D	0.1%
HALO	D	0.1%
CNH	C	0.1%
LBRDK	C	0.1%
RGEN	F	0.1%
CGNX	F	0.1%
DAR	F	0.1%
SMCI	F	0.1%
NET	D	0.1%
NTNX	D	0.09%
HEI	C	0.09%
ATI	B	0.09%
TW	A	0.09%
PCVX	B	0.09%
VEEV	C	0.09%
SPSC	D	0.09%
HQY	B	0.09%
PCTY	C	0.09%
PAYC	D	0.09%
SITE	D	0.09%
ROKU	D	0.09%
DLB	D	0.09%
RBLX	C	0.09%
NOVT	D	0.09%
BSY	D	0.09%
FN	C	0.09%
RBC	B	0.09%
WBD	D	0.08%
BEN	F	0.08%
WFRD	F	0.08%
BRBR	B	0.08%
DUOL	B	0.08%
PLNT	C	0.08%
MTSI	C	0.08%
H	C	0.08%
AAON	B	0.08%
NOV	F	0.08%
ALB	D	0.08%
OKTA	F	0.08%
CRBG	C	0.08%
FOX	A	0.08%
RPRX	B	0.08%
MDB	D	0.08%
BFAM	C	0.08%
MTDR	F	0.08%
COLD	D	0.08%
TOST	B	0.08%
SOFI	C	0.07%
SMAR	A	0.07%
CIVI	F	0.07%
ILMN	C	0.07%
HRL	F	0.07%
TKO	C	0.07%
PEN	D	0.07%
AFRM	C	0.07%
ZS	F	0.07%
ESTC	F	0.06%
FOUR	B	0.06%
TRNO	D	0.06%
SN	B	0.06%
CHX	F	0.06%
BILL	D	0.06%
LNTH	C	0.06%
S	D	0.06%
ELF	F	0.06%
CHH	C	0.06%
IBP	C	0.06%
ETSY	F	0.06%
NWS	D	0.06%
HLNE	A	0.06%
CVLT	C	0.05%
GTLB	D	0.05%
PCOR	D	0.05%
INSM	D	0.05%
RHP	C	0.05%
MOD	C	0.05%
SNAP	D	0.05%
AZEK	B	0.05%
ALTR	C	0.05%
U	D	0.05%
APPF	C	0.05%
BMI	A	0.05%
EXLS	B	0.05%
ITCI	D	0.05%
RCM	B	0.04%
ENLC	A	0.04%
RVMD	B	0.04%
CSGP	F	0.04%
CYTK	F	0.04%
LUV	C	0.04%
IONS	F	0.04%
HCP	B	0.04%
CRS	B	0.04%
VKTX	D	0.04%
IOT	C	0.04%
PATH	D	0.04%
PEGA	C	0.03%
NEU	F	0.03%
CFLT	F	0.03%
VRNS	C	0.03%
FRPT	C	0.03%
GKOS	C	0.03%
CELH	F	0.03%
CWST	D	0.03%
BPMC	F	0.03%
WMG	D	0.03%
DOCS	B	0.03%
VERX	B	0.02%
CHWY	C	0.02%
LBRDA	C	0.02%
CWAN	C	0.02%
CNA	D	0.02%
RKT	B	0.01%
UI	A	0.01%
KNTK	C	0.01%
NPAB	D	0.01%
BIRK	F	0.01%
UWMC	D	0.0%

JHMM Underweight 556 Positions Relative to VBR

Symbol	Grade	Weight
RIVN	F	-0.33%
AGNC	C	-0.22%
MTH	B	-0.2%
STWD	C	-0.18%
OGN	D	-0.17%
COOP	C	-0.17%
VMI	B	-0.17%
CBT	B	-0.17%
CADE	D	-0.17%
LUMN	C	-0.16%
BC	C	-0.16%
UGI	C	-0.16%
BCC	B	-0.16%
GBCI	D	-0.16%
FNB	D	-0.16%
KBH	C	-0.16%
VNT	F	-0.16%
VVV	D	-0.16%
RDN	D	-0.16%
LNC	D	-0.16%
KD	F	-0.16%
NFG	A	-0.16%
SRCL	B	-0.16%
AMG	C	-0.16%
SWX	C	-0.15%
ABG	D	-0.15%
POR	B	-0.15%
AVT	B	-0.15%
GATX	D	-0.15%
HOMB	D	-0.15%
SEE	B	-0.15%
IDA	B	-0.15%
OLN	D	-0.15%
MDU	C	-0.15%
XRAY	D	-0.15%
UBSI	D	-0.15%
COLB	C	-0.15%
HWC	D	-0.14%
FUL	F	-0.14%
BCO	A	-0.14%
THG	A	-0.14%
JHG	C	-0.14%
GPI	C	-0.14%
SLM	C	-0.14%
AL	D	-0.14%
OZK	F	-0.14%
KRC	C	-0.13%
ASH	F	-0.13%
M	F	-0.13%
CUZ	C	-0.13%
ITGR	C	-0.13%
BDC	B	-0.13%
SLG	C	-0.13%
FLO	C	-0.13%
FFIN	D	-0.13%
ACA	C	-0.13%
KNF	C	-0.13%
MDGL	F	-0.13%
AVNT	B	-0.13%
MATX	B	-0.13%
WTM	D	-0.13%
HOG	C	-0.13%
PII	D	-0.13%
NJR	C	-0.13%
RYN	C	-0.13%
ALK	B	-0.13%
PIPR	C	-0.13%
LYFT	D	-0.12%
SBRA	C	-0.12%
PRGO	F	-0.12%
TPG	C	-0.12%
ESGR	D	-0.12%
DNB	D	-0.12%
TPH	B	-0.12%
CNX	A	-0.12%
UMBF	C	-0.12%
ABCB	C	-0.12%
ENS	C	-0.12%
BKH	B	-0.12%
ASO	D	-0.12%
WU	D	-0.12%
AGO	D	-0.12%
GTES	C	-0.12%
CPRI	C	-0.12%
KTB	B	-0.12%
SLGN	A	-0.12%
ASGN	D	-0.12%
CNXC	F	-0.12%
CRC	B	-0.11%
CNO	C	-0.11%
EPR	C	-0.11%
BGC	B	-0.11%
TEX	F	-0.11%
ABM	D	-0.11%
HUN	B	-0.11%
UCBI	C	-0.11%
AEO	C	-0.11%
SANM	D	-0.11%
ALE	A	-0.11%
HASI	C	-0.11%
PNM	B	-0.11%
DXC	D	-0.11%
PTEN	F	-0.11%
MSM	D	-0.11%
PBH	D	-0.11%
SEM	D	-0.11%
VLY	C	-0.11%
KFY	C	-0.11%
IAC	C	-0.11%
KMPR	D	-0.11%
ICUI	B	-0.11%
OGS	A	-0.11%
RUSHA	C	-0.1%
NUVL	B	-0.1%
ASB	F	-0.1%
WSFS	D	-0.1%
EBC	D	-0.1%
SXT	C	-0.1%
GVA	B	-0.1%
SKT	A	-0.1%
NWE	A	-0.1%
SR	A	-0.1%
RXO	D	-0.1%
NHI	C	-0.1%
AX	D	-0.1%
NSP	F	-0.1%
NPO	C	-0.1%
FBP	D	-0.1%
ATKR	F	-0.1%
HIW	C	-0.1%
WD	C	-0.1%
PBF	F	-0.1%
MAC	B	-0.1%
BNL	B	-0.1%
PCH	C	-0.1%
GMS	D	-0.1%
PLXS	B	-0.1%
FULT	D	-0.1%
MAN	D	-0.1%
HL	C	-0.1%
IBOC	D	-0.1%
OTTR	F	-0.1%
AUB	D	-0.1%
SIG	C	-0.1%
CC	D	-0.09%
LXP	D	-0.09%
IOVA	F	-0.09%
FL	F	-0.09%
AIN	D	-0.09%
WEN	C	-0.09%
GFF	B	-0.09%
SKYW	B	-0.09%
WAFD	D	-0.09%
TNL	B	-0.09%
CNK	C	-0.09%
AVA	B	-0.09%
SMG	B	-0.09%
AWR	B	-0.09%
CATY	D	-0.09%
GNW	C	-0.09%
PK	D	-0.09%
ALIT	D	-0.09%
ESE	B	-0.09%
BRC	C	-0.09%
FHB	D	-0.09%
TCBI	C	-0.09%
MGEE	A	-0.09%
NVST	D	-0.09%
APLE	D	-0.09%
EAT	A	-0.09%
AMED	D	-0.09%
HCC	D	-0.09%
AROC	C	-0.09%
SYNA	F	-0.09%
CBU	D	-0.09%
INDB	D	-0.08%
PRK	D	-0.08%
ENOV	F	-0.08%
VIRT	C	-0.08%
RNG	F	-0.08%
SPB	B	-0.08%
LSXMK	C	-0.08%
SM	F	-0.08%
BOH	F	-0.08%
MGRC	D	-0.08%
DEI	A	-0.08%
MPW	C	-0.08%
AAP	F	-0.08%
TRN	C	-0.08%
ATGE	C	-0.08%
TDC	D	-0.08%
PFSI	C	-0.08%
FHI	C	-0.08%
FIBK	D	-0.08%
APAM	C	-0.08%
HUBG	D	-0.08%
REZI	F	-0.08%
NWL	D	-0.08%
BTU	B	-0.08%
CWK	C	-0.08%
PENN	D	-0.08%
BHF	F	-0.08%
UNF	B	-0.08%
BKU	D	-0.08%
IOSP	F	-0.08%
PRIM	C	-0.08%
AIR	D	-0.07%
WERN	D	-0.07%
ZD	D	-0.07%
PECO	C	-0.07%
LAUR	C	-0.07%
TOWN	D	-0.07%
CRI	D	-0.07%
FRME	D	-0.07%
HI	F	-0.07%
AKR	B	-0.07%
ENR	B	-0.07%
VAC	D	-0.07%
MC	C	-0.07%
AZZ	C	-0.07%
TGNA	B	-0.07%
PFS	D	-0.07%
ARCH	D	-0.07%
ARCB	D	-0.07%
URBN	F	-0.07%
CWEN	A	-0.07%
FFBC	D	-0.07%
MTRN	F	-0.07%
OUT	C	-0.07%
HNI	B	-0.07%
OSIS	B	-0.07%
DY	C	-0.07%
MYGN	D	-0.07%
ABR	B	-0.07%
CVBF	D	-0.07%
PPBI	D	-0.07%
GHC	B	-0.07%
MTX	D	-0.07%
KRYS	D	-0.07%
GT	F	-0.07%
UE	B	-0.07%
PRGS	B	-0.07%
VSH	F	-0.07%
BXMT	C	-0.07%
COMP	C	-0.07%
AZTA	F	-0.07%
SFNC	C	-0.07%
KAR	D	-0.06%
TTMI	D	-0.06%
HURN	C	-0.06%
GOLF	F	-0.06%
IVT	B	-0.06%
PRG	C	-0.06%
VIAV	C	-0.06%
B	D	-0.06%
BANF	D	-0.06%
THS	C	-0.06%
LITE	C	-0.06%
JOBY	F	-0.06%
OI	D	-0.06%
GNL	D	-0.06%
WLY	A	-0.06%
SFBS	D	-0.06%
EPC	F	-0.06%
VGR	C	-0.06%
AMN	F	-0.06%
MIR	B	-0.06%
IMVT	F	-0.06%
KMT	C	-0.06%
KSS	D	-0.06%
OMCL	C	-0.06%
IBTX	D	-0.06%
SPR	D	-0.06%
BANR	C	-0.06%
FTRE	F	-0.06%
NATL	D	-0.06%
EQC	D	-0.06%
HAYW	B	-0.06%
RNST	D	-0.06%
MLKN	F	-0.06%
SXI	B	-0.06%
HBI	B	-0.06%
CTRE	B	-0.06%
SHO	D	-0.06%
TDS	B	-0.06%
PINC	F	-0.06%
STRA	F	-0.06%
BLKB	C	-0.06%
OFG	D	-0.06%
JWN	D	-0.06%
PHIN	D	-0.06%
NBTB	D	-0.06%
PSMT	B	-0.06%
CDE	C	-0.06%
EVTC	D	-0.06%
SATS	C	-0.06%
GTY	B	-0.05%
STBA	D	-0.05%
REVG	D	-0.05%
SHOO	A	-0.05%
KN	D	-0.05%
LTC	C	-0.05%
JBGS	C	-0.05%
LEG	D	-0.05%
JBLU	B	-0.05%
ANDE	D	-0.05%
TROX	D	-0.05%
NBHC	D	-0.05%
SCL	D	-0.05%
CHCO	D	-0.05%
FCF	D	-0.05%
LRN	C	-0.05%
GO	F	-0.05%
CRGY	D	-0.05%
CENTA	F	-0.05%
LZB	C	-0.05%
IDCC	A	-0.05%
DRH	D	-0.05%
NWBI	D	-0.05%
NMRK	B	-0.05%
VSAT	F	-0.05%
NHC	D	-0.05%
GEO	F	-0.05%
CAKE	B	-0.05%
LGND	D	-0.05%
PDCO	F	-0.05%
WSBC	D	-0.05%
TRMK	D	-0.05%
MCY	B	-0.05%
SUPN	D	-0.05%
VSCO	C	-0.05%
VRNT	F	-0.05%
VSTS	D	-0.05%
ROIC	B	-0.05%
IPGP	D	-0.05%
BHLB	D	-0.04%
SCS	D	-0.04%
PBI	C	-0.04%
AMRX	A	-0.04%
PDM	C	-0.04%
AIV	C	-0.04%
KFRC	F	-0.04%
EIG	B	-0.04%
INSW	C	-0.04%
JELD	D	-0.04%
PMT	B	-0.04%
VCTR	C	-0.04%
DK	F	-0.04%
AAT	C	-0.04%
SAFT	D	-0.04%
WS	D	-0.04%
XRX	F	-0.04%
MSGE	B	-0.04%
UVV	C	-0.04%
HELE	D	-0.04%
BKE	C	-0.04%
LC	D	-0.04%
OXM	F	-0.04%
BKD	D	-0.04%
WABC	F	-0.04%
CAR	D	-0.04%
PWSC	C	-0.04%
NAVI	D	-0.04%
SBH	B	-0.04%
CODI	D	-0.04%
IART	F	-0.04%
CSGS	C	-0.04%
WOR	F	-0.04%
DNOW	F	-0.04%
SPNT	D	-0.04%
LADR	D	-0.04%
ESRT	C	-0.04%
UA	B	-0.04%
VRTS	F	-0.04%
GBX	C	-0.04%
NGVT	D	-0.04%
ALEX	D	-0.04%
HP	F	-0.04%
UAA	B	-0.04%
BHE	C	-0.04%
CXW	F	-0.04%
NTCT	C	-0.04%
HMN	C	-0.04%
HOPE	D	-0.04%
DAN	F	-0.04%
RRR	D	-0.04%
APOG	B	-0.04%
HEES	D	-0.04%
HTH	D	-0.04%
ARI	F	-0.04%
BLMN	F	-0.04%
GEF	C	-0.04%
NWN	B	-0.04%
UNFI	B	-0.03%
DNUT	D	-0.03%
BDN	A	-0.03%
CGON	C	-0.03%
BRKL	D	-0.03%
FG	C	-0.03%
PRAA	F	-0.03%
CBRL	D	-0.03%
NNI	C	-0.03%
LGF.A	F	-0.03%
CVI	F	-0.03%
BV	B	-0.03%
DLX	F	-0.03%
MD	B	-0.03%
NX	F	-0.03%
MMI	C	-0.03%
CWEN	A	-0.03%
EMBC	D	-0.03%
CMTG	F	-0.03%
SIRI	C	-0.03%
ETWO	D	-0.03%
FA	A	-0.03%
MATV	D	-0.03%
UNIT	C	-0.03%
RWT	C	-0.03%
RKLB	B	-0.03%
SNDR	C	-0.03%
GIII	C	-0.03%
HTLF	C	-0.03%
INVA	B	-0.03%
TRS	D	-0.03%
WWW	B	-0.03%
ODP	F	-0.03%
VSTO	D	-0.03%
ATSG	C	-0.03%
THR	F	-0.03%
MRC	D	-0.03%
CNNE	F	-0.03%
DBRG	D	-0.03%
WMK	D	-0.03%
AVNS	C	-0.03%
CSR	D	-0.03%
ACT	C	-0.03%
CARS	F	-0.03%
FDP	B	-0.03%
ECPG	F	-0.03%
OMI	F	-0.03%
SCSC	D	-0.03%
KALU	D	-0.03%
HE	F	-0.03%
TILE	B	-0.02%
HTLD	F	-0.02%
FOR	D	-0.02%
MXL	F	-0.02%
KREF	C	-0.02%
SMR	C	-0.02%
CNDT	B	-0.02%
GES	F	-0.02%
SCHL	D	-0.02%
HY	F	-0.02%
BGS	D	-0.02%
BMBL	F	-0.02%
SWI	C	-0.02%
KELYA	D	-0.02%
CFFN	D	-0.02%
PRA	C	-0.02%
CAL	F	-0.02%
TMP	D	-0.02%
AMC	F	-0.02%
AMWD	C	-0.02%
AXL	F	-0.02%
HAIN	C	-0.02%
USM	C	-0.02%
PUMP	F	-0.02%
XHR	C	-0.02%
HPP	F	-0.02%
RGR	F	-0.02%
HLIO	C	-0.02%
MATW	F	-0.02%
BASE	F	-0.02%
SEB	D	-0.02%
ECVT	F	-0.02%
ASTE	F	-0.02%
MNRO	C	-0.02%
PRLB	F	-0.02%
HLF	F	-0.02%
SVC	F	-0.02%
BRSP	D	-0.02%
PZZA	D	-0.02%
CABO	F	-0.02%
KOP	F	-0.02%
PEB	D	-0.02%
HCSG	D	-0.02%
SAH	D	-0.02%
EYE	F	-0.02%
WNC	F	-0.02%
MEI	D	-0.01%
UFCS	D	-0.01%
PACB	F	-0.01%
RDUS	D	-0.01%
OPK	D	-0.01%
NPK	F	-0.01%
OLPX	C	-0.01%
WOOF	C	-0.01%
BRCC	F	-0.01%
ALX	C	-0.01%
ZIP	D	-0.01%
KRO	C	-0.01%
DJT	F	-0.01%
CRCT	C	-0.01%
TGI	F	-0.01%
SRCL	B	-0.01%
TRTX	D	-0.01%
EE	A	-0.01%
AMCX	F	-0.01%
EGBN	C	-0.01%
RUSHB	C	-0.01%
SWBI	F	-0.01%
HTZ	F	-0.01%
NAPA	F	-0.01%
CENT	F	-0.01%
BJRI	D	-0.01%
WRLD	D	-0.01%
PCRX	F	-0.01%
INN	B	-0.01%
CMP	D	-0.01%
FWRD	D	-0.01%
RMR	B	-0.01%
VMEO	C	-0.01%
AMK	B	-0.01%
ATUS	C	-0.01%
GRC	B	-0.01%
NABL	F	-0.01%
NUS	F	-0.01%
PTVE	D	-0.01%
UDMY	F	-0.01%
DAWN	D	-0.01%
TWKS	C	-0.01%
CCO	D	-0.01%
CWH	C	-0.01%
GCMG	C	-0.01%
CLB	D	-0.01%
DIN	D	-0.01%
USNA	F	-0.01%
CLBK	F	-0.01%
JACK	F	-0.01%
NVRI	D	-0.01%
LGF.A	F	-0.01%
BFS	B	-0.01%
AMBC	F	-0.01%
VREX	F	-0.01%
SSP	F	-0.0%
SCWX	C	-0.0%
AC	B	-0.0%
TTEC	D	-0.0%
CRNC	F	-0.0%
SAVE	F	-0.0%
CHGG	F	-0.0%
ACDC	D	-0.0%
UHT	C	-0.0%
DBI	F	-0.0%
GEF	C	-0.0%
LDI	C	-0.0%