MFUS vs. JHMM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to John Hancock Multifactor Mid Cap ETF (JHMM)

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$51.89

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

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

Performance

Period	MFUS	JHMM
30 Days	2.73%	6.45%
60 Days	3.41%	7.02%
90 Days	5.38%	9.13%
12 Months	32.49%	33.74%

388 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in JHMM	Overlap
	AA	B	0.02%	0.05%	0.02%
	ACI	C	0.01%	0.09%	0.01%
	ACM	A	0.04%	0.22%	0.04%
	ADC	B	0.01%	0.07%	0.01%
	AES	F	0.01%	0.12%	0.01%
	AGCO	D	0.02%	0.13%	0.02%
	AIZ	A	0.09%	0.19%	0.09%
	AKAM	D	0.02%	0.2%	0.02%
	ALGN	D	0.01%	0.1%	0.01%
	ALLY	C	0.05%	0.24%	0.05%
	ALNY	D	0.06%	0.2%	0.06%
	ALSN	B	0.11%	0.17%	0.11%
	AMH	D	0.04%	0.12%	0.04%
	AMKR	D	0.03%	0.07%	0.03%
	AMP	A	0.18%	0.57%	0.18%
	AN	C	0.06%	0.16%	0.06%
	ANF	C	0.24%	0.09%	0.09%
	ANSS	B	0.05%	0.31%	0.05%
	AOS	F	0.08%	0.14%	0.08%
	APG	B	0.02%	0.11%	0.02%
	APP	B	0.13%	0.35%	0.13%
	AR	B	0.05%	0.12%	0.05%
	ARES	A	0.09%	0.18%	0.09%
	ARMK	B	0.01%	0.17%	0.01%
	ARW	D	0.04%	0.15%	0.04%
	ATI	D	0.04%	0.07%	0.04%
	ATO	A	0.02%	0.19%	0.02%
	ATR	B	0.08%	0.18%	0.08%
	AVB	B	0.03%	0.15%	0.03%
	AVTR	F	0.03%	0.15%	0.03%
	AVY	D	0.09%	0.19%	0.09%
	AXTA	A	0.02%	0.14%	0.02%
	AYI	B	0.1%	0.17%	0.1%
	BAH	F	0.14%	0.24%	0.14%
	BALL	D	0.07%	0.18%	0.07%
	BAX	D	0.04%	0.11%	0.04%
	BBWI	D	0.01%	0.08%	0.01%
	BBY	D	0.2%	0.25%	0.2%
	BEN	C	0.02%	0.08%	0.02%
	BERY	B	0.06%	0.18%	0.06%
	BFAM	D	0.02%	0.06%	0.02%
	BJ	A	0.03%	0.19%	0.03%
	BKR	B	0.08%	0.29%	0.08%
	BLD	D	0.03%	0.19%	0.03%
	BLDR	D	0.04%	0.34%	0.04%
	BMRN	D	0.01%	0.12%	0.01%
	BR	A	0.17%	0.29%	0.17%
	BRKR	D	0.02%	0.1%	0.02%
	BRO	B	0.12%	0.23%	0.12%
	BURL	A	0.03%	0.21%	0.03%
	BWA	D	0.01%	0.15%	0.01%
	BWXT	B	0.11%	0.14%	0.11%
	BXP	D	0.02%	0.11%	0.02%
	CACC	D	0.01%	0.04%	0.01%
	CACI	D	0.08%	0.18%	0.08%
	CAG	D	0.04%	0.12%	0.04%
	CAH	B	0.27%	0.28%	0.27%
	CASY	A	0.17%	0.26%	0.17%
	CBRE	B	0.05%	0.37%	0.05%
	CBSH	A	0.01%	0.14%	0.01%
	CCK	C	0.06%	0.17%	0.06%
	CCL	B	0.02%	0.17%	0.02%
	CDW	F	0.03%	0.27%	0.03%
	CE	F	0.02%	0.1%	0.02%
	CFG	B	0.04%	0.23%	0.04%
	CFR	B	0.01%	0.12%	0.01%
	CG	A	0.03%	0.11%	0.03%
	CHD	B	0.07%	0.22%	0.07%
	CHE	D	0.06%	0.13%	0.06%
	CHRW	C	0.14%	0.18%	0.14%
	CINF	A	0.02%	0.21%	0.02%
	CLF	F	0.01%	0.12%	0.01%
	CLH	B	0.04%	0.21%	0.04%
	CLX	B	0.13%	0.18%	0.13%
	CMA	A	0.04%	0.17%	0.04%
	CMC	B	0.06%	0.12%	0.06%
	CMI	A	0.14%	0.18%	0.14%
	CMS	C	0.03%	0.19%	0.03%
	CNM	D	0.01%	0.1%	0.01%
	COHR	B	0.03%	0.24%	0.03%
	COKE	C	0.03%	0.09%	0.03%
	COLD	D	0.03%	0.06%	0.03%
	COR	B	0.17%	0.33%	0.17%
	CPAY	A	0.03%	0.26%	0.03%
	CPB	D	0.04%	0.13%	0.04%
	CPT	B	0.06%	0.13%	0.06%
	CR	A	0.01%	0.11%	0.01%
	CRBG	B	0.04%	0.08%	0.04%
	CROX	D	0.01%	0.1%	0.01%
	CRS	A	0.11%	0.04%	0.04%
	CRUS	D	0.04%	0.05%	0.04%
	CSL	C	0.02%	0.27%	0.02%
	CTLT	B	0.02%	0.14%	0.02%
	CUBE	D	0.04%	0.11%	0.04%
	CVLT	B	0.04%	0.05%	0.04%
	CW	B	0.11%	0.17%	0.11%
	DCI	B	0.04%	0.16%	0.04%
	DD	D	0.1%	0.12%	0.1%
	DDS	B	0.03%	0.03%	0.03%
	DECK	A	0.17%	0.31%	0.17%
	DFS	B	0.1%	0.31%	0.1%
	DGX	A	0.09%	0.3%	0.09%
	DINO	D	0.01%	0.1%	0.01%
	DKS	C	0.08%	0.17%	0.08%
	DLB	B	0.02%	0.08%	0.02%
	DLTR	F	0.02%	0.16%	0.02%
	DOV	A	0.04%	0.35%	0.04%
	DOX	D	0.03%	0.21%	0.03%
	DPZ	C	0.13%	0.15%	0.13%
	DRI	B	0.03%	0.23%	0.03%
	DTE	C	0.02%	0.21%	0.02%
	DTM	B	0.02%	0.1%	0.02%
	DVA	B	0.17%	0.15%	0.15%
	EBAY	D	0.36%	0.31%	0.31%
	EFX	F	0.1%	0.26%	0.1%
	EHC	B	0.09%	0.2%	0.09%
	EIX	B	0.05%	0.35%	0.05%
	ELAN	D	0.01%	0.11%	0.01%
	ELS	C	0.04%	0.12%	0.04%
	EME	C	0.05%	0.3%	0.05%
	EMN	D	0.04%	0.19%	0.04%
	EQH	B	0.08%	0.31%	0.08%
	EQR	B	0.04%	0.15%	0.04%
	ERIE	D	0.05%	0.11%	0.05%
	ES	D	0.03%	0.17%	0.03%
	ESAB	B	0.01%	0.09%	0.01%
	ESI	A	0.01%	0.05%	0.01%
	ESNT	D	0.01%	0.08%	0.01%
	ESS	B	0.04%	0.12%	0.04%
	ETR	B	0.05%	0.39%	0.05%
	EVR	B	0.13%	0.11%	0.11%
	EVRG	A	0.02%	0.25%	0.02%
	EWBC	A	0.02%	0.26%	0.02%
	EXEL	B	0.05%	0.19%	0.05%
	EXP	A	0.07%	0.13%	0.07%
	EXPD	D	0.11%	0.22%	0.11%
	EXR	D	0.11%	0.28%	0.11%
	FAF	A	0.02%	0.12%	0.02%
	FANG	D	0.05%	0.34%	0.05%
	FAST	B	0.13%	0.43%	0.13%
	FCN	D	0.05%	0.09%	0.05%
	FCNCA	A	0.06%	0.33%	0.06%
	FDS	B	0.04%	0.22%	0.04%
	FE	C	0.03%	0.2%	0.03%
	FFIV	B	0.06%	0.27%	0.06%
	FHN	A	0.01%	0.13%	0.01%
	FICO	B	0.25%	0.48%	0.25%
	FITB	A	0.04%	0.36%	0.04%
	FIX	A	0.07%	0.17%	0.07%
	FLEX	A	0.05%	0.42%	0.05%
	FLR	B	0.01%	0.08%	0.01%
	FNF	B	0.03%	0.18%	0.03%
	FOXA	B	0.11%	0.19%	0.11%
	FR	C	0.01%	0.07%	0.01%
	FTI	A	0.04%	0.11%	0.04%
	FYBR	D	0.01%	0.15%	0.01%
	G	B	0.05%	0.13%	0.05%
	GAP	C	0.05%	0.07%	0.05%
	GDDY	A	0.12%	0.26%	0.12%
	GEN	B	0.1%	0.24%	0.1%
	GGG	B	0.03%	0.2%	0.03%
	GLPI	C	0.07%	0.13%	0.07%
	GLW	B	0.2%	0.31%	0.2%
	GME	C	0.02%	0.05%	0.02%
	GMED	A	0.03%	0.14%	0.03%
	GNRC	B	0.06%	0.15%	0.06%
	GNTX	C	0.05%	0.12%	0.05%
	GPK	C	0.08%	0.14%	0.08%
	GWRE	A	0.02%	0.22%	0.02%
	H	B	0.01%	0.08%	0.01%
	HBAN	A	0.03%	0.26%	0.03%
	HEI	B	0.04%	0.11%	0.04%
	HEI	B	0.04%	0.09%	0.04%
	HIG	B	0.06%	0.43%	0.06%
	HII	D	0.02%	0.12%	0.02%
	HLI	B	0.08%	0.12%	0.08%
	HOLX	D	0.03%	0.25%	0.03%
	HOOD	B	0.05%	0.18%	0.05%
	HPE	B	0.11%	0.32%	0.11%
	HPQ	B	0.29%	0.1%	0.1%
	HRB	D	0.07%	0.11%	0.07%
	HRL	D	0.02%	0.06%	0.02%
	HSIC	B	0.03%	0.17%	0.03%
	HST	C	0.02%	0.12%	0.02%
	HUBB	B	0.03%	0.3%	0.03%
	HWM	A	0.18%	0.43%	0.18%
	IBKR	A	0.06%	0.21%	0.06%
	IEX	B	0.09%	0.17%	0.09%
	IFF	D	0.03%	0.15%	0.03%
	INCY	C	0.01%	0.13%	0.01%
	INGR	B	0.07%	0.19%	0.07%
	INVH	D	0.04%	0.12%	0.04%
	IP	B	0.09%	0.26%	0.09%
	IPG	D	0.04%	0.21%	0.04%
	IR	B	0.09%	0.31%	0.09%
	IRM	D	0.12%	0.29%	0.12%
	IT	C	0.14%	0.4%	0.14%
	ITT	A	0.08%	0.2%	0.08%
	IVZ	B	0.03%	0.12%	0.03%
	JBHT	C	0.02%	0.18%	0.02%
	JBL	B	0.03%	0.24%	0.03%
	JEF	A	0.03%	0.22%	0.03%
	JKHY	D	0.1%	0.17%	0.1%
	JLL	D	0.06%	0.22%	0.06%
	JNPR	F	0.12%	0.23%	0.12%
	JXN	C	0.1%	0.09%	0.09%
	K	A	0.15%	0.18%	0.15%
	KBR	F	0.02%	0.11%	0.02%
	KEX	C	0.02%	0.01%	0.01%
	KEY	B	0.03%	0.19%	0.03%
	KIM	A	0.02%	0.15%	0.02%
	KNX	B	0.01%	0.15%	0.01%
	KR	B	0.37%	0.26%	0.26%
	L	A	0.06%	0.19%	0.06%
	LAD	A	0.02%	0.19%	0.02%
	LAMR	D	0.05%	0.13%	0.05%
	LBRDK	C	0.03%	0.12%	0.03%
	LDOS	C	0.11%	0.22%	0.11%
	LEA	D	0.01%	0.11%	0.01%
	LECO	B	0.06%	0.16%	0.06%
	LII	A	0.22%	0.24%	0.22%
	LNT	A	0.02%	0.19%	0.02%
	LNW	D	0.02%	0.12%	0.02%
	LPLA	A	0.07%	0.29%	0.07%
	LPX	B	0.08%	0.07%	0.07%
	LSTR	D	0.09%	0.11%	0.09%
	LW	C	0.03%	0.14%	0.03%
	LYB	F	0.15%	0.17%	0.15%
	MAA	B	0.02%	0.11%	0.02%
	MANH	D	0.03%	0.21%	0.03%
	MAS	D	0.06%	0.17%	0.06%
	MASI	A	0.03%	0.11%	0.03%
	MHK	D	0.01%	0.11%	0.01%
	MKC	D	0.06%	0.14%	0.06%
	MKSI	C	0.01%	0.14%	0.01%
	MKTX	D	0.02%	0.13%	0.02%
	MLI	C	0.09%	0.1%	0.09%
	MLM	B	0.07%	0.29%	0.07%
	MOG.A	B	0.05%	0.04%	0.04%
	MORN	B	0.03%	0.12%	0.03%
	MOS	F	0.01%	0.12%	0.01%
	MPWR	F	0.06%	0.26%	0.06%
	MRO	B	0.03%	0.22%	0.03%
	MSA	D	0.02%	0.08%	0.02%
	MTB	A	0.04%	0.36%	0.04%
	MTD	D	0.08%	0.25%	0.08%
	MTG	C	0.02%	0.05%	0.02%
	MTN	C	0.05%	0.11%	0.05%
	MUR	D	0.01%	0.08%	0.01%
	MUSA	A	0.16%	0.14%	0.14%
	NBIX	C	0.04%	0.16%	0.04%
	NDAQ	A	0.05%	0.29%	0.05%
	NDSN	B	0.04%	0.17%	0.04%
	NEU	C	0.02%	0.03%	0.02%
	NI	A	0.02%	0.28%	0.02%
	NNN	D	0.01%	0.08%	0.01%
	NOV	C	0.01%	0.08%	0.01%
	NRG	B	0.08%	0.22%	0.08%
	NSIT	F	0.05%	0.08%	0.05%
	NTAP	C	0.1%	0.29%	0.1%
	NTRS	A	0.03%	0.2%	0.03%
	NVR	D	0.09%	0.36%	0.09%
	NWSA	B	0.04%	0.16%	0.04%
	NXST	C	0.05%	0.14%	0.05%
	NYT	C	0.03%	0.13%	0.03%
	OC	A	0.02%	0.39%	0.02%
	OHI	C	0.02%	0.1%	0.02%
	OMC	C	0.06%	0.26%	0.06%
	OMF	A	0.03%	0.05%	0.03%
	ONB	B	0.01%	0.05%	0.01%
	OSK	B	0.03%	0.14%	0.03%
	PAG	B	0.02%	0.07%	0.02%
	PARA	C	0.01%	0.05%	0.01%
	PB	A	0.01%	0.1%	0.01%
	PFG	D	0.01%	0.25%	0.01%
	PHM	D	0.1%	0.4%	0.1%
	PKG	A	0.1%	0.23%	0.1%
	PNR	A	0.02%	0.25%	0.02%
	PNW	B	0.01%	0.2%	0.01%
	POOL	C	0.07%	0.16%	0.07%
	POST	C	0.05%	0.12%	0.05%
	PPC	C	0.01%	0.04%	0.01%
	PPG	F	0.04%	0.12%	0.04%
	PPL	B	0.04%	0.2%	0.04%
	PSN	D	0.02%	0.05%	0.02%
	PSTG	D	0.04%	0.16%	0.04%
	PTC	A	0.04%	0.24%	0.04%
	PVH	C	0.02%	0.07%	0.02%
	PWR	A	0.12%	0.42%	0.12%
	QRVO	F	0.01%	0.12%	0.01%
	R	B	0.07%	0.08%	0.07%
	RBC	A	0.01%	0.09%	0.01%
	RCL	A	0.11%	0.37%	0.11%
	RF	A	0.02%	0.29%	0.02%
	RGA	A	0.06%	0.24%	0.06%
	RGLD	C	0.04%	0.11%	0.04%
	RHI	B	0.02%	0.15%	0.02%
	RKT	F	0.01%	0.01%	0.01%
	RL	B	0.03%	0.14%	0.03%
	RLI	B	0.03%	0.1%	0.03%
	RMD	C	0.17%	0.32%	0.17%
	ROL	B	0.06%	0.11%	0.06%
	RPM	A	0.13%	0.19%	0.13%
	RPRX	D	0.03%	0.07%	0.03%
	RRC	B	0.03%	0.12%	0.03%
	RS	B	0.04%	0.24%	0.04%
	RVTY	F	0.01%	0.18%	0.01%
	SAIC	F	0.01%	0.12%	0.01%
	SBAC	D	0.03%	0.11%	0.03%
	SCI	B	0.07%	0.29%	0.07%
	SEIC	B	0.08%	0.16%	0.08%
	SF	B	0.02%	0.2%	0.02%
	SFM	A	0.25%	0.15%	0.15%
	SIGI	C	0.01%	0.06%	0.01%
	SJM	D	0.04%	0.14%	0.04%
	SKX	D	0.02%	0.13%	0.02%
	SMCI	F	0.08%	0.05%	0.05%
	SNV	B	0.02%	0.04%	0.02%
	SON	D	0.04%	0.11%	0.04%
	SSB	B	0.01%	0.1%	0.01%
	SSNC	B	0.02%	0.21%	0.02%
	STE	F	0.07%	0.23%	0.07%
	STLD	B	0.04%	0.31%	0.04%
	SUI	D	0.05%	0.09%	0.05%
	SYF	B	0.31%	0.43%	0.31%
	TAP	C	0.08%	0.15%	0.08%
	TER	D	0.03%	0.22%	0.03%
	TFX	F	0.02%	0.13%	0.02%
	THC	D	0.26%	0.23%	0.23%
	THO	B	0.07%	0.06%	0.06%
	TKR	D	0.04%	0.08%	0.04%
	TMHC	B	0.09%	0.1%	0.09%
	TOL	B	0.06%	0.31%	0.06%
	TPR	B	0.01%	0.26%	0.01%
	TPX	B	0.03%	0.12%	0.03%
	TRGP	B	0.11%	0.46%	0.11%
	TROW	B	0.09%	0.21%	0.09%
	TSCO	D	0.11%	0.35%	0.11%
	TSN	B	0.18%	0.16%	0.16%
	TTC	D	0.06%	0.13%	0.06%
	TTEK	F	0.01%	0.13%	0.01%
	TTWO	A	0.08%	0.31%	0.08%
	TW	A	0.06%	0.09%	0.06%
	TXRH	C	0.06%	0.18%	0.06%
	TYL	B	0.08%	0.26%	0.08%
	UAL	A	0.02%	0.15%	0.02%
	UDR	B	0.03%	0.14%	0.03%
	UFPI	B	0.07%	0.13%	0.07%
	UHAL	D	0.01%	0.11%	0.01%
	UHAL	D	0.01%	0.11%	0.01%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.01%	0.01%	0.01%
	UHS	D	0.06%	0.22%	0.06%
	ULTA	F	0.03%	0.21%	0.03%
	UNM	A	0.04%	0.21%	0.04%
	URI	B	0.09%	0.66%	0.09%
	USFD	A	0.05%	0.27%	0.05%
	UTHR	C	0.18%	0.3%	0.18%
	VFC	C	0.02%	0.05%	0.02%
	VLTO	D	0.04%	0.14%	0.04%
	VNO	B	0.07%	0.04%	0.04%
	VRSK	A	0.16%	0.35%	0.16%
	VRSN	F	0.04%	0.14%	0.04%
	VST	B	0.26%	0.54%	0.26%
	VTR	C	0.04%	0.16%	0.04%
	VTRS	A	0.15%	0.26%	0.15%
	WAB	B	0.05%	0.36%	0.05%
	WAL	B	0.02%	0.18%	0.02%
	WAT	B	0.05%	0.21%	0.05%
	WBS	A	0.02%	0.16%	0.02%
	WCC	B	0.09%	0.21%	0.09%
	WDC	D	0.08%	0.25%	0.08%
	WH	B	0.04%	0.14%	0.04%
	WHR	B	0.03%	0.11%	0.03%
	WMS	D	0.02%	0.13%	0.02%
	WPC	D	0.03%	0.1%	0.03%
	WRB	A	0.03%	0.19%	0.03%
	WSM	B	0.24%	0.25%	0.24%
	WSO	A	0.18%	0.17%	0.17%
	WST	C	0.04%	0.24%	0.04%
	WTFC	A	0.01%	0.13%	0.01%
	WTW	B	0.11%	0.32%	0.11%
	WWD	B	0.01%	0.15%	0.01%
	X	C	0.03%	0.15%	0.03%
	XPO	B	0.04%	0.21%	0.04%
	XYL	D	0.11%	0.22%	0.11%
	ZBRA	B	0.04%	0.27%	0.04%
	ZION	B	0.02%	0.17%	0.02%

MFUS Overweight 430 Positions Relative to JHMM

	Symbol	Grade	Weight
	BRK.A	B	2.44%
	META	D	2.32%
	LLY	F	2.3%
	NVDA	C	1.9%
	WMT	A	1.77%
	AMZN	C	1.65%
	ORCL	B	1.56%
	AVGO	D	1.54%
	COST	B	1.36%
	ABBV	D	1.35%
	JNJ	D	1.2%
	IBM	C	1.09%
	PG	A	1.04%
	VZ	C	1.03%
	KO	D	1.01%
	WFC	A	0.99%
	JPM	A	0.99%
	AAPL	C	0.97%
	AMGN	D	0.92%
	PM	B	0.89%
	GILD	C	0.84%
	MRK	F	0.83%
	UNH	C	0.81%
	T	A	0.75%
	LMT	D	0.75%
	MO	A	0.74%
	QCOM	F	0.73%
	PEP	F	0.71%
	C	A	0.7%
	CSCO	B	0.68%
	CVS	D	0.67%
	MCK	B	0.64%
	HD	A	0.62%
	PGR	A	0.59%
	TGT	F	0.59%
	MMM	D	0.58%
	GE	D	0.56%
	PFE	D	0.55%
	NFLX	A	0.55%
	MCD	D	0.52%
	AMAT	F	0.5%
	UNP	C	0.5%
	BAC	A	0.45%
	XOM	B	0.43%
	TMUS	B	0.43%
	BKNG	A	0.42%
	BMY	B	0.41%
	GS	A	0.4%
	CVX	A	0.39%
	TJX	A	0.38%
	GM	B	0.38%
	CL	D	0.36%
	MPC	D	0.35%
	LOW	D	0.35%
	REGN	F	0.35%
	NOC	D	0.35%
	NOW	A	0.35%
	AIG	B	0.34%
	MET	A	0.32%
	V	A	0.31%
	CHTR	C	0.3%
	ICE	C	0.29%
	ISRG	A	0.29%
	SPGI	C	0.29%
	COF	B	0.29%
	MA	C	0.28%
	AZO	C	0.28%
	TXN	C	0.28%
	WM	A	0.27%
	TMO	F	0.27%
	LHX	C	0.26%
	ALL	A	0.26%
	AON	A	0.25%
	PANW	C	0.25%
	DHR	F	0.24%
	PLTR	B	0.24%
	HCA	F	0.24%
	UPS	C	0.24%
	ACN	C	0.24%
	AXP	A	0.23%
	NEE	D	0.23%
	ADM	D	0.23%
	PRU	A	0.23%
	PSX	C	0.23%
	GD	F	0.23%
	AFL	B	0.22%
	KLAC	D	0.22%
	GWW	B	0.22%
	RTX	C	0.22%
	MDLZ	F	0.22%
	MS	A	0.22%
	BSX	B	0.21%
	VRTX	F	0.21%
	SHW	A	0.21%
	MSI	B	0.2%
	ORLY	B	0.2%
	MMC	B	0.2%
	CAT	B	0.2%
	TRV	B	0.2%
	CMG	B	0.2%
	UBER	D	0.2%
	EA	A	0.19%
	FI	A	0.19%
	INTC	D	0.19%
	CTAS	B	0.19%
	BK	A	0.18%
	BLK	C	0.18%
	NEM	D	0.17%
	SPG	B	0.17%
	KMB	D	0.17%
	GIS	D	0.17%
	MU	D	0.16%
	AJG	B	0.16%
	CB	C	0.16%
	LRCX	F	0.16%
	CMCSA	B	0.16%
	VLO	C	0.16%
	TDG	D	0.15%
	ELV	F	0.15%
	F	C	0.15%
	KKR	A	0.15%
	AMT	D	0.14%
	ANET	C	0.14%
	CME	A	0.14%
	KHC	F	0.14%
	MCO	B	0.14%
	PH	A	0.14%
	SO	D	0.13%
	BX	A	0.13%
	YUM	B	0.13%
	CI	F	0.13%
	RSG	A	0.13%
	DUK	C	0.13%
	PNC	B	0.12%
	SYY	B	0.12%
	WELL	A	0.12%
	APH	A	0.12%
	PYPL	B	0.12%
	WMB	A	0.11%
	CSX	B	0.11%
	USB	A	0.11%
	DASH	A	0.11%
	WBA	F	0.11%
	CEG	D	0.11%
	ADP	B	0.11%
	COIN	C	0.11%
	KMI	A	0.11%
	BDX	F	0.11%
	HLT	A	0.1%
	ITW	B	0.1%
	OKE	A	0.1%
	TFC	A	0.09%
	EMR	A	0.09%
	ADSK	A	0.09%
	GPI	A	0.09%
	CALM	A	0.09%
	DLR	B	0.09%
	SBUX	A	0.09%
	PSA	D	0.09%
	GEO	B	0.08%
	ABG	B	0.08%
	ECL	D	0.08%
	HCC	B	0.08%
	AEP	D	0.08%
	NUE	C	0.08%
	SLG	B	0.08%
	DG	F	0.08%
	CPRT	A	0.08%
	SRE	A	0.08%
	SQ	B	0.07%
	JCI	C	0.07%
	BCC	B	0.07%
	EXC	C	0.07%
	NSC	B	0.07%
	COP	C	0.07%
	SKYW	B	0.07%
	CCI	D	0.07%
	AEO	F	0.07%
	KDP	D	0.07%
	MNST	C	0.07%
	FTNT	C	0.07%
	D	C	0.07%
	FIS	C	0.07%
	GEHC	F	0.07%
	CNX	A	0.07%
	OTIS	C	0.07%
	SEE	C	0.06%
	NKE	D	0.06%
	O	D	0.06%
	TPH	D	0.06%
	KTB	B	0.06%
	HBI	B	0.06%
	ED	D	0.06%
	BFH	B	0.06%
	ATGE	B	0.06%
	VIRT	B	0.06%
	MTH	D	0.06%
	SLM	A	0.06%
	PK	B	0.06%
	MSM	C	0.06%
	WU	D	0.06%
	BIIB	F	0.06%
	PEG	A	0.06%
	AMG	B	0.06%
	DHI	D	0.06%
	ROP	B	0.06%
	MSCI	C	0.06%
	LEN	D	0.06%
	URBN	C	0.05%
	CNO	A	0.05%
	NFG	A	0.05%
	LOPE	B	0.05%
	AROC	B	0.05%
	THG	A	0.05%
	TDS	B	0.05%
	PRIM	A	0.05%
	CRI	D	0.05%
	A	D	0.05%
	TGNA	B	0.05%
	CARR	D	0.05%
	SLGN	A	0.05%
	TEX	D	0.05%
	CBT	C	0.05%
	IDXX	F	0.05%
	COOP	B	0.05%
	SCHW	B	0.05%
	ZTS	D	0.05%
	KD	B	0.05%
	WEN	D	0.05%
	HSY	F	0.05%
	LUMN	C	0.05%
	GVA	A	0.05%
	MMS	F	0.05%
	BC	C	0.05%
	BTU	B	0.05%
	STZ	D	0.05%
	AVT	C	0.04%
	ADBE	C	0.04%
	FL	F	0.04%
	JWN	C	0.04%
	AWI	A	0.04%
	CXW	B	0.04%
	CPNG	D	0.04%
	BDC	B	0.04%
	SEM	B	0.04%
	RUSHA	C	0.04%
	PAYX	C	0.04%
	SMG	D	0.04%
	OLN	D	0.04%
	AGNC	D	0.04%
	CTVA	C	0.04%
	FLO	D	0.04%
	SLVM	B	0.04%
	TRN	C	0.04%
	SANM	B	0.04%
	OGN	D	0.04%
	BHF	B	0.04%
	GBX	A	0.04%
	WTM	A	0.04%
	JHG	A	0.04%
	SIG	B	0.04%
	MAC	B	0.04%
	HUBG	A	0.04%
	MHO	D	0.04%
	CNC	D	0.04%
	WERN	C	0.04%
	GATX	A	0.04%
	ABM	B	0.04%
	MAR	B	0.04%
	STC	B	0.03%
	HAE	C	0.03%
	GEF	A	0.03%
	DRH	B	0.03%
	KMPR	B	0.03%
	VC	D	0.03%
	UNF	B	0.03%
	LZB	B	0.03%
	DK	C	0.03%
	MAN	D	0.03%
	PINC	B	0.03%
	ACA	A	0.03%
	PNM	F	0.03%
	APAM	B	0.03%
	BKE	B	0.03%
	ASO	F	0.03%
	LNC	B	0.03%
	FHI	A	0.03%
	OI	C	0.03%
	SHOO	D	0.03%
	DELL	C	0.03%
	DBRG	F	0.03%
	PRG	C	0.03%
	PLXS	B	0.03%
	APLE	B	0.03%
	MATX	C	0.03%
	GMS	B	0.03%
	AVA	A	0.03%
	BKU	A	0.03%
	MC	C	0.03%
	KBH	D	0.03%
	CDP	C	0.03%
	SM	B	0.03%
	GNW	A	0.03%
	LANC	C	0.03%
	LEG	F	0.02%
	TDC	D	0.02%
	SATS	D	0.02%
	TTMI	B	0.02%
	LXP	D	0.02%
	ODP	F	0.02%
	GT	C	0.02%
	BHE	B	0.02%
	LAUR	A	0.02%
	PHIN	A	0.02%
	JBLU	F	0.02%
	NSP	D	0.02%
	ODFL	B	0.02%
	DOW	F	0.02%
	ANDE	D	0.02%
	HP	B	0.02%
	VVV	F	0.02%
	DNOW	B	0.02%
	M	D	0.02%
	HNI	B	0.02%
	PMT	D	0.02%
	NAVI	C	0.02%
	WKC	D	0.02%
	REZI	A	0.02%
	XRAY	F	0.02%
	EPC	D	0.02%
	SNDR	B	0.02%
	OSIS	B	0.02%
	PFSI	D	0.02%
	NWL	B	0.02%
	CC	C	0.02%
	SXT	B	0.02%
	KSS	F	0.02%
	SAM	C	0.02%
	APOG	B	0.02%
	YELP	C	0.02%
	RLJ	C	0.02%
	THS	D	0.02%
	DORM	B	0.02%
	NTCT	C	0.02%
	XHR	B	0.02%
	MDU	D	0.02%
	SBH	C	0.02%
	PBF	D	0.02%
	PDCO	D	0.02%
	VSCO	B	0.02%
	ADNT	F	0.02%
	HOG	D	0.02%
	MCY	A	0.02%
	AIR	B	0.02%
	VSTO	A	0.02%
	GHC	C	0.02%
	ORA	B	0.02%
	RYN	D	0.02%
	HXL	D	0.02%
	SVC	F	0.01%
	AAP	C	0.01%
	CPRI	F	0.01%
	JELD	F	0.01%
	SCL	C	0.01%
	IGT	F	0.01%
	MLKN	D	0.01%
	GIII	D	0.01%
	WOR	F	0.01%
	ARI	C	0.01%
	CNXN	C	0.01%
	ECPG	B	0.01%
	HTH	B	0.01%
	IMKTA	C	0.01%
	RDN	C	0.01%
	SEB	F	0.01%
	WGO	C	0.01%
	JBGS	D	0.01%
	ALEX	C	0.01%
	XRX	F	0.01%
	UVV	B	0.01%
	UGI	A	0.01%
	SPR	D	0.01%
	SHO	C	0.01%
	OUT	A	0.01%
	AMED	F	0.01%
	SR	A	0.01%
	CNS	B	0.01%
	KALU	C	0.01%
	SWX	B	0.01%
	CVI	F	0.01%
	CENTA	C	0.01%
	OMI	F	0.01%
	BRC	D	0.01%
	PECO	A	0.01%
	ARCH	B	0.01%
	SPB	C	0.01%
	WAFD	B	0.01%
	DY	D	0.01%
	FDP	B	0.01%
	WMK	C	0.01%
	DAN	D	0.01%
	FELE	B	0.01%
	KN	B	0.01%
	STRA	C	0.01%
	DXC	B	0.01%
	NNI	D	0.01%
	GES	F	0.01%
	LADR	B	0.01%
	IDCC	A	0.01%
	ICUI	D	0.01%
	TNET	D	0.01%
	CADE	B	0.01%
	CWEN	C	0.01%
	CSGS	B	0.01%
	PSMT	C	0.01%
	AMWD	C	0.01%
	VNT	B	0.01%
	PTEN	C	0.01%
	SLB	C	0.01%
	SCS	C	0.01%
	GOLF	B	0.01%
	IOSP	B	0.01%
	SAH	A	0.01%
	DEI	B	0.01%
	HE	C	0.01%
	VSH	D	0.01%
	SCCO	F	0.0%
	NOMD	D	0.0%
	WOLF	F	0.0%
	HUN	F	0.0%

MFUS Underweight 253 Positions Relative to JHMM

	Symbol	Grade	Weight
	AME	A	-0.44%
	LNG	B	-0.35%
	TPL	A	-0.33%
	ACGL	D	-0.33%
	VRT	B	-0.32%
	ROK	B	-0.32%
	RJF	A	-0.32%
	LH	C	-0.31%
	KEYS	A	-0.31%
	GRMN	B	-0.29%
	STT	A	-0.28%
	SNA	A	-0.27%
	AXON	A	-0.27%
	FSLR	F	-0.26%
	PCG	A	-0.25%
	CNP	B	-0.25%
	ZBH	C	-0.25%
	TRMB	B	-0.25%
	VMC	B	-0.25%
	WEC	A	-0.23%
	TDY	B	-0.23%
	AEE	A	-0.23%
	MKL	A	-0.22%
	RNR	C	-0.22%
	HUBS	A	-0.22%
	MOH	F	-0.22%
	CIEN	B	-0.21%
	PFGC	B	-0.21%
	FTV	C	-0.2%
	ALLE	D	-0.2%
	EXPE	B	-0.2%
	CTRA	B	-0.2%
	PODD	C	-0.19%
	GPC	D	-0.19%
	BG	F	-0.19%
	TWLO	A	-0.19%
	TXT	D	-0.18%
	SWKS	F	-0.18%
	DOCU	A	-0.18%
	STX	D	-0.18%
	SAIA	B	-0.18%
	FBIN	D	-0.18%
	AFG	A	-0.18%
	HAL	C	-0.18%
	CRL	C	-0.18%
	AWK	D	-0.18%
	OVV	B	-0.18%
	ZM	B	-0.17%
	CVNA	B	-0.17%
	NCLH	B	-0.17%
	CF	B	-0.17%
	EQT	B	-0.17%
	KMX	B	-0.17%
	VICI	C	-0.17%
	ENTG	D	-0.17%
	ORI	A	-0.17%
	GL	B	-0.17%
	NVT	B	-0.17%
	RRX	B	-0.16%
	DAY	B	-0.16%
	SWK	D	-0.16%
	WY	D	-0.16%
	ALV	C	-0.16%
	PRI	A	-0.16%
	EG	C	-0.16%
	AMCR	D	-0.15%
	AIT	A	-0.15%
	TRU	D	-0.15%
	CBOE	B	-0.15%
	TECH	D	-0.15%
	OGE	B	-0.15%
	GLOB	B	-0.15%
	LKQ	D	-0.15%
	JAZZ	B	-0.14%
	FND	C	-0.14%
	DAL	C	-0.14%
	KNSL	B	-0.14%
	EPAM	C	-0.14%
	GPN	B	-0.14%
	HAS	D	-0.14%
	OLED	D	-0.13%
	SW	A	-0.13%
	CHDN	B	-0.13%
	PNFP	B	-0.13%
	VOYA	B	-0.13%
	NTRA	B	-0.13%
	LYV	A	-0.13%
	Z	A	-0.13%
	REG	B	-0.13%
	WEX	D	-0.12%
	ENSG	D	-0.12%
	ST	F	-0.12%
	TOST	B	-0.12%
	J	F	-0.12%
	MTZ	B	-0.12%
	MIDD	C	-0.12%
	LFUS	F	-0.12%
	DBX	B	-0.11%
	BPOP	B	-0.11%
	MEDP	D	-0.11%
	TREX	C	-0.11%
	MAT	D	-0.11%
	PCTY	B	-0.11%
	WSC	D	-0.11%
	SOFI	A	-0.11%
	DT	C	-0.11%
	BIO	D	-0.11%
	ARE	D	-0.11%
	WTRG	B	-0.11%
	GXO	B	-0.11%
	DAR	C	-0.11%
	NET	B	-0.11%
	PAYC	B	-0.11%
	NTNX	A	-0.1%
	WYNN	D	-0.1%
	DOC	D	-0.1%
	ONTO	D	-0.1%
	PINS	D	-0.1%
	MTDR	B	-0.1%
	CGNX	C	-0.1%
	RBLX	C	-0.1%
	SSD	D	-0.1%
	HQY	B	-0.1%
	PR	B	-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%
	BRX	A	-0.09%
	ZS	C	-0.09%
	ROKU	D	-0.09%
	AFRM	B	-0.09%
	BRBR	A	-0.09%
	REXR	F	-0.09%
	SNX	C	-0.09%
	FOX	A	-0.09%
	BILL	A	-0.09%
	HALO	F	-0.09%
	CNH	C	-0.09%
	VEEV	C	-0.09%
	EXAS	D	-0.09%
	DKNG	B	-0.09%
	FN	D	-0.09%
	FRT	B	-0.09%
	AAON	B	-0.09%
	RGEN	D	-0.09%
	FMC	D	-0.08%
	MTCH	D	-0.08%
	WING	D	-0.08%
	ICLR	D	-0.08%
	SPSC	C	-0.08%
	OKTA	C	-0.08%
	PEN	B	-0.08%
	EGP	F	-0.08%
	SITE	D	-0.08%
	ALB	C	-0.08%
	SRPT	D	-0.08%
	CHRD	D	-0.08%
	NOVT	D	-0.08%
	FLS	B	-0.08%
	SOLV	C	-0.08%
	BSY	D	-0.08%
	MTSI	B	-0.08%
	ACHC	F	-0.07%
	STAG	F	-0.07%
	CIVI	D	-0.07%
	NWS	B	-0.07%
	ENPH	F	-0.07%
	PCVX	D	-0.07%
	ILMN	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%
	ESTC	C	-0.06%
	FOUR	B	-0.06%
	EXLS	B	-0.06%
	ADTN	A	-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%
	BOKF	B	-0.05%
	AM	A	-0.05%
	RVMD	C	-0.05%
	RHP	B	-0.05%
	TRNO	F	-0.05%
	AZEK	A	-0.05%
	IBP	D	-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%
	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%
	DOCS	C	-0.04%
	LUV	C	-0.04%
	U	C	-0.04%
	IOT	A	-0.04%
	COTY	F	-0.04%
	PATH	C	-0.04%
	MOD	A	-0.04%
	LNTH	D	-0.04%
	INSM	C	-0.04%
	AAL	B	-0.03%
	CELH	F	-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%
	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%
	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%
	RBRK	A	-0.01%
	BIRK	D	-0.01%
	SIRI	C	-0.01%
	NPAB	B	-0.01%
	KNTK	B	-0.01%
	STEP	B	-0.01%
	UWMC	D	-0.0%

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing

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