HKND vs. AFSM ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Active Factor Small Cap ETF (AFSM)

HKND

Humankind US Stock ETF

HKND Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Humankind US Equity Index (the ?Index?). The index is primarily comprised of domestic (U.S.) equity securities and may not be comprised of greater than 5% of foreign securities (including ADRs). The fund invests in the common stock of each company in the index in approximately the same proportion as represented in the index itself. Under normal conditions, it will invest at least 90% of its net assets, including borrowings for investment purposes, in securities contained in the index.

Grade (RS Rating)

Last Trade

$33.30

Average Daily Volume

1,926

Number of Holdings ^*

960

* may have additional holdings in another (foreign) market

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

15,693

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

Performance

Period	HKND	AFSM
30 Days	1.63%	7.72%
60 Days	0.72%	6.49%
90 Days	1.42%	6.95%
12 Months	19.65%	33.58%

114 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in AFSM	Overlap
ACIW	B	0.01%	0.02%	0.01%
ACT	D	0.01%	0.51%	0.01%
ADMA	B	0.01%	0.28%	0.01%
ADUS	D	0.01%	0.4%	0.01%
AIT	A	0.02%	0.14%	0.02%
AMKR	D	0.02%	0.2%	0.02%
AMN	F	0.01%	0.04%	0.01%
AMPH	D	0.01%	0.05%	0.01%
ANF	C	0.0%	0.84%	0.0%
ANIP	F	0.01%	0.35%	0.01%
APAM	B	0.01%	0.06%	0.01%
ASGN	F	0.01%	0.17%	0.01%
ASTH	D	0.01%	0.1%	0.01%
AVNS	F	0.04%	0.24%	0.04%
AXSM	B	0.02%	0.19%	0.02%
AYI	B	0.06%	0.14%	0.06%
AZZ	B	0.0%	0.28%	0.0%
BCC	B	0.01%	0.72%	0.01%
BHE	B	0.01%	0.28%	0.01%
BKU	A	0.01%	0.27%	0.01%
BLFS	C	0.0%	0.2%	0.0%
BPMC	C	0.03%	0.35%	0.03%
BRC	D	0.01%	0.15%	0.01%
BXC	B	0.01%	0.55%	0.01%
CCRN	F	0.01%	0.26%	0.01%
CGEM	F	0.01%	0.09%	0.01%
CMC	B	0.01%	0.33%	0.01%
CNXN	C	0.03%	0.35%	0.03%
COLL	F	0.01%	0.04%	0.01%
COOP	B	0.02%	0.64%	0.02%
CORT	B	0.03%	0.57%	0.03%
CPRX	C	0.01%	0.88%	0.01%
CRAI	B	0.0%	0.35%	0.0%
CRVL	A	0.01%	0.63%	0.01%
CTS	C	0.01%	0.05%	0.01%
DFIN	D	0.0%	0.45%	0.0%
DXC	B	0.08%	0.29%	0.08%
EMBC	C	0.08%	0.03%	0.03%
EME	C	0.02%	0.82%	0.02%
ENS	D	0.01%	0.2%	0.01%
EOLS	D	0.0%	0.04%	0.0%
FDP	B	0.57%	0.63%	0.57%
FIX	A	0.01%	0.84%	0.01%
FORM	D	0.0%	0.04%	0.0%
GMED	A	0.07%	0.65%	0.07%
GMS	B	0.01%	0.6%	0.01%
GRBK	D	0.01%	0.3%	0.01%
HAE	C	0.07%	0.22%	0.07%
HALO	F	0.03%	0.55%	0.03%
HOV	D	0.01%	0.17%	0.01%
HRB	D	0.01%	0.43%	0.01%
HRMY	D	0.01%	0.35%	0.01%
HSII	B	0.0%	0.63%	0.0%
HURN	B	0.01%	0.28%	0.01%
HWKN	B	0.03%	0.64%	0.03%
INVA	D	0.01%	0.11%	0.01%
ITCI	C	0.04%	0.27%	0.04%
JXN	C	0.03%	0.72%	0.03%
KBH	D	0.03%	0.51%	0.03%
KELYA	F	0.02%	0.14%	0.02%
KRYS	B	0.02%	0.08%	0.02%
LGND	B	0.01%	0.39%	0.01%
LMAT	A	0.01%	0.24%	0.01%
LNTH	D	0.03%	0.47%	0.03%
MCY	A	0.02%	0.67%	0.02%
MD	B	0.04%	0.34%	0.04%
MEDP	D	0.04%	0.25%	0.04%
MHO	D	0.02%	0.76%	0.02%
MLI	C	0.0%	1.38%	0.0%
MRVI	F	0.01%	0.12%	0.01%
MTG	C	0.01%	0.76%	0.01%
MTH	D	0.02%	0.34%	0.02%
NHC	C	0.01%	1.15%	0.01%
NSIT	F	0.01%	0.05%	0.01%
NVST	B	0.01%	0.17%	0.01%
NX	C	0.01%	0.21%	0.01%
OMI	F	0.04%	0.05%	0.04%
ONTO	D	0.0%	0.18%	0.0%
OSCR	D	0.0%	0.14%	0.0%
PCRX	C	0.02%	0.13%	0.02%
PGNY	F	0.0%	0.02%	0.0%
PINC	B	0.01%	0.47%	0.01%
PIPR	B	0.01%	0.25%	0.01%
PLAB	C	0.0%	0.42%	0.0%
PLUS	F	0.01%	0.51%	0.01%
PRG	C	0.01%	0.26%	0.01%
RDN	C	0.01%	0.72%	0.01%
RDNT	B	0.1%	0.37%	0.1%
REZI	A	0.03%	0.66%	0.03%
SANM	B	0.03%	0.65%	0.03%
SBH	C	0.01%	0.22%	0.01%
SCSC	B	0.04%	0.15%	0.04%
SFM	A	0.01%	1.03%	0.01%
SIGA	F	0.0%	0.18%	0.0%
SUPN	C	0.02%	0.58%	0.02%
TARS	B	0.01%	0.19%	0.01%
TDC	D	0.01%	0.04%	0.01%
TEX	D	0.01%	0.46%	0.01%
TGNA	B	0.01%	0.56%	0.01%
TGTX	B	0.02%	0.18%	0.02%
TMHC	B	0.04%	0.7%	0.04%
TNC	D	0.01%	0.18%	0.01%
TPH	D	0.02%	0.07%	0.02%
TWI	F	0.03%	0.28%	0.03%
TWST	D	0.01%	0.12%	0.01%
UCTT	D	0.01%	0.19%	0.01%
UFPT	B	0.01%	0.55%	0.01%
UVE	B	0.01%	0.72%	0.01%
VCTR	B	0.01%	0.21%	0.01%
VIRT	B	0.0%	0.3%	0.0%
VSH	D	0.01%	0.15%	0.01%
WGO	C	0.01%	0.07%	0.01%
XRX	F	0.02%	0.16%	0.02%
YMAB	F	0.0%	0.31%	0.0%

HKND Overweight 846 Positions Relative to AFSM

Symbol	Grade	Weight
GOOGL	C	4.19%
PG	A	3.88%
MSFT	F	2.38%
AAPL	C	2.18%
JNJ	D	1.97%
DE	A	1.95%
INTC	D	1.8%
LLY	F	1.74%
ABBV	D	1.67%
MOS	F	1.63%
MRK	F	1.52%
CTVA	C	1.43%
PFE	D	1.42%
ADM	D	1.37%
SYK	C	1.2%
CL	D	1.18%
WMT	A	1.15%
DELL	C	1.11%
BDX	F	1.09%
ABT	B	1.09%
BMY	B	1.05%
CI	F	1.0%
CF	B	0.98%
UNH	C	0.96%
AMGN	D	0.96%
LH	C	0.93%
GEHC	F	0.9%
ECL	D	0.89%
T	A	0.89%
VZ	C	0.86%
HCA	F	0.85%
GILD	C	0.85%
BG	F	0.82%
HPQ	B	0.79%
JPM	A	0.77%
BSX	B	0.76%
TMO	F	0.75%
CMCSA	B	0.71%
BAX	D	0.7%
AMZN	C	0.68%
FMC	D	0.66%
AGCO	D	0.66%
DGX	A	0.62%
VRTX	F	0.61%
BAC	A	0.59%
WFC	A	0.53%
INGR	B	0.53%
MCK	B	0.52%
DHR	F	0.51%
SJM	D	0.46%
MS	A	0.45%
ZBH	C	0.45%
TMUS	B	0.44%
C	A	0.44%
IQV	D	0.43%
KVUE	A	0.43%
CVS	D	0.43%
REGN	F	0.41%
HD	A	0.4%
GS	A	0.39%
PEP	F	0.38%
CHD	B	0.37%
ISRG	A	0.35%
AWK	D	0.34%
COR	B	0.34%
CAH	B	0.33%
THC	D	0.32%
ELV	F	0.32%
VLTO	D	0.32%
CAG	D	0.31%
DD	D	0.31%
MDLZ	F	0.29%
SPB	C	0.29%
J	F	0.28%
EW	C	0.28%
FELE	B	0.27%
HOLX	D	0.26%
GIS	D	0.26%
K	A	0.26%
CNC	D	0.26%
LOW	D	0.25%
IBM	C	0.25%
VTRS	A	0.25%
BBY	D	0.25%
DIS	B	0.24%
CLX	B	0.24%
BIIB	F	0.24%
AXP	A	0.23%
HUM	C	0.23%
AIG	B	0.23%
KR	B	0.23%
PGR	A	0.22%
ORCL	B	0.22%
ALL	A	0.22%
HPE	B	0.22%
WBA	F	0.21%
MET	A	0.21%
TSLA	B	0.21%
COF	B	0.2%
CHTR	C	0.2%
ZWS	B	0.19%
CSCO	B	0.19%
RMD	C	0.19%
PRU	A	0.18%
TRV	B	0.18%
UHS	D	0.18%
SOLV	C	0.17%
DOW	F	0.17%
V	A	0.17%
LUMN	C	0.15%
MRNA	F	0.15%
ENOV	C	0.15%
A	D	0.14%
LEN	D	0.14%
USB	A	0.14%
TFX	F	0.14%
DXCM	D	0.14%
FSLR	F	0.14%
CTLT	B	0.14%
DHI	D	0.14%
AMAT	F	0.14%
QCOM	F	0.14%
JBL	B	0.14%
DVA	B	0.13%
AIZ	A	0.13%
TGT	F	0.13%
PNC	B	0.12%
AVGO	D	0.12%
BLK	C	0.12%
MU	D	0.12%
BK	A	0.12%
CBRE	B	0.12%
MA	C	0.12%
MMC	B	0.12%
AVTR	F	0.12%
HSIC	B	0.12%
GLW	B	0.11%
NVDA	C	0.11%
TFC	A	0.11%
RVTY	F	0.11%
COST	B	0.11%
SEM	B	0.11%
TITN	C	0.11%
INCY	C	0.11%
STT	A	0.1%
NFLX	A	0.1%
WDC	D	0.1%
CRM	B	0.1%
RPRX	D	0.1%
PYPL	B	0.1%
TXN	C	0.1%
IART	C	0.1%
AHCO	F	0.1%
ILMN	D	0.1%
FTRE	D	0.1%
HIG	B	0.1%
MASI	A	0.1%
ICUI	D	0.1%
AFL	B	0.09%
PODD	C	0.09%
DFS	B	0.09%
MAN	D	0.09%
SCHW	B	0.09%
UTHR	C	0.09%
FLO	D	0.09%
LRCX	F	0.09%
AMP	A	0.09%
KMB	D	0.09%
BIO	D	0.09%
ALNY	D	0.09%
CRL	C	0.09%
SYF	B	0.09%
RUN	F	0.08%
UAN	B	0.08%
BKNG	A	0.08%
EHC	B	0.08%
KD	B	0.08%
OGN	D	0.08%
WTRG	B	0.08%
ITGR	B	0.08%
ACM	A	0.08%
WBD	C	0.08%
CTSH	B	0.08%
ALG	B	0.08%
LXU	B	0.08%
AVB	B	0.07%
TJX	A	0.07%
MOH	F	0.07%
NBIX	C	0.07%
ACI	C	0.07%
FOX	A	0.07%
SYY	B	0.07%
FI	A	0.07%
RJF	A	0.07%
SQ	B	0.07%
PHM	D	0.07%
EQR	B	0.07%
BMRN	D	0.07%
WST	C	0.07%
CPB	D	0.07%
CWT	D	0.07%
WAT	B	0.07%
ENPH	F	0.07%
MMSI	B	0.07%
FNF	B	0.07%
ADP	B	0.07%
MTD	D	0.07%
POST	C	0.07%
UNFI	A	0.06%
BERY	B	0.06%
HSY	F	0.06%
GXO	B	0.06%
MKL	A	0.06%
VTR	C	0.06%
EQH	B	0.06%
L	A	0.06%
WM	A	0.06%
CMI	A	0.06%
SNX	C	0.06%
GWW	B	0.06%
EXEL	B	0.06%
MMM	D	0.06%
PFG	D	0.06%
CNMD	C	0.06%
AMD	F	0.06%
CRBG	B	0.06%
CDW	F	0.06%
TECH	D	0.06%
MAR	B	0.06%
RGA	A	0.06%
FAF	A	0.05%
SUI	D	0.05%
JLL	D	0.05%
INVH	D	0.05%
MAA	B	0.05%
LBRDA	C	0.05%
SHW	A	0.05%
SJW	D	0.05%
JEF	A	0.05%
BRKR	D	0.05%
FITB	A	0.05%
NVR	D	0.05%
WHR	B	0.05%
ADBE	C	0.05%
ROKU	D	0.05%
EXPE	B	0.05%
WLK	D	0.05%
TOL	B	0.05%
OPK	C	0.05%
APH	A	0.05%
LNC	B	0.05%
LPLA	A	0.05%
SRPT	D	0.05%
OMC	C	0.05%
SMG	D	0.05%
PEN	B	0.05%
IFF	D	0.05%
EBAY	D	0.05%
HUN	F	0.04%
LNN	B	0.04%
ZBRA	B	0.04%
SNEX	B	0.04%
BEN	C	0.04%
AFG	A	0.04%
ADI	D	0.04%
AZO	C	0.04%
RSG	A	0.04%
GPN	B	0.04%
APO	B	0.04%
RHI	B	0.04%
LYV	A	0.04%
FIS	C	0.04%
GME	C	0.04%
RVMD	C	0.04%
PCVX	D	0.04%
RF	A	0.04%
ORI	A	0.04%
AJG	B	0.04%
NOVT	D	0.04%
CFG	B	0.04%
TTC	D	0.04%
ORLY	B	0.04%
CTAS	B	0.04%
EMR	A	0.04%
KEY	B	0.04%
ESS	B	0.04%
CR	A	0.04%
PH	A	0.04%
GPC	D	0.04%
MTB	A	0.04%
TDS	B	0.04%
AWR	B	0.04%
WMG	C	0.04%
KLAC	D	0.04%
WRB	A	0.04%
FYBR	D	0.04%
MKC	D	0.04%
TROW	B	0.04%
KLG	C	0.04%
UNM	A	0.04%
CINF	A	0.04%
ALLY	C	0.04%
NTRS	A	0.04%
EL	F	0.03%
HLT	A	0.03%
CME	A	0.03%
WSO	A	0.03%
USM	B	0.03%
MCO	B	0.03%
WELL	A	0.03%
OPCH	D	0.03%
ZG	A	0.03%
KMPR	B	0.03%
ON	D	0.03%
MSI	B	0.03%
THG	A	0.03%
SMMT	D	0.03%
WTS	B	0.03%
ENSG	D	0.03%
CSL	C	0.03%
NEO	C	0.03%
GNW	A	0.03%
MIDD	C	0.03%
SGRY	F	0.03%
IONS	F	0.03%
CPT	B	0.03%
CHWY	B	0.03%
ITW	B	0.03%
FAST	B	0.03%
CYTK	F	0.03%
SPGI	C	0.03%
VOYA	B	0.03%
SPG	B	0.03%
AMH	D	0.03%
ICE	C	0.03%
OFIX	B	0.03%
AMT	D	0.03%
ELS	C	0.03%
EXAS	D	0.03%
SF	B	0.03%
UPS	C	0.03%
RS	B	0.03%
AMRX	C	0.03%
ENR	B	0.03%
INTU	C	0.03%
IPG	D	0.03%
KDP	D	0.03%
DAR	C	0.03%
IRDM	D	0.03%
NWS	B	0.03%
IT	C	0.03%
CG	A	0.03%
PPG	F	0.03%
NTAP	C	0.03%
UDR	B	0.03%
LKQ	D	0.03%
SWK	D	0.03%
IVZ	B	0.03%
HBAN	A	0.03%
VYX	B	0.03%
VKTX	F	0.03%
BKD	D	0.02%
BBWI	D	0.02%
ULTA	F	0.02%
NTRA	B	0.02%
SEE	C	0.02%
MSEX	B	0.02%
ALGN	D	0.02%
STC	B	0.02%
JANX	C	0.02%
DNLI	D	0.02%
SCI	B	0.02%
BXP	D	0.02%
WDAY	B	0.02%
APP	B	0.02%
ACLX	C	0.02%
HST	C	0.02%
ARES	A	0.02%
EWTX	C	0.02%
UTZ	D	0.02%
SIGI	C	0.02%
AVT	C	0.02%
SRRK	B	0.02%
PANW	C	0.02%
NATL	B	0.02%
VRT	B	0.02%
RARE	D	0.02%
GL	B	0.02%
CCS	D	0.02%
EPAM	C	0.02%
IDXX	F	0.02%
ATR	B	0.02%
FTNT	C	0.02%
SWKS	F	0.02%
ADTN	A	0.02%
CENTA	C	0.02%
EVR	B	0.02%
ESAB	B	0.02%
AAP	C	0.02%
ANET	C	0.02%
GKOS	B	0.02%
APLS	D	0.02%
DOX	D	0.02%
INSM	C	0.02%
THS	D	0.02%
FHN	A	0.02%
SNPS	B	0.02%
PLXS	B	0.02%
MRVL	B	0.02%
CCI	D	0.02%
ADV	D	0.02%
R	B	0.02%
PFSI	D	0.02%
MAS	D	0.02%
WCC	B	0.02%
ZION	B	0.02%
TSCO	D	0.02%
DKS	C	0.02%
SMPL	B	0.02%
ATEC	C	0.02%
OTIS	C	0.02%
ENTG	D	0.02%
BR	A	0.02%
AORT	B	0.02%
BHF	B	0.02%
WMS	D	0.02%
ALIT	C	0.02%
ACAD	D	0.02%
AZTA	D	0.02%
GH	B	0.02%
CRNX	C	0.02%
NWL	B	0.02%
GAP	C	0.02%
CMA	A	0.02%
NDAQ	A	0.02%
PTCT	B	0.02%
BRO	B	0.02%
EA	A	0.02%
APD	A	0.02%
LECO	B	0.02%
MCHP	D	0.02%
JJSF	B	0.02%
DLR	B	0.02%
COMP	B	0.02%
BLDR	D	0.02%
ROK	B	0.02%
IBKR	A	0.02%
MMS	F	0.02%
TNET	D	0.02%
WU	D	0.02%
OPEN	D	0.02%
OMF	A	0.02%
SSNC	B	0.02%
BBIO	F	0.02%
TPG	A	0.02%
AMED	F	0.02%
GFS	C	0.02%
MDGL	B	0.02%
PWR	A	0.02%
SIRI	C	0.02%
TNDM	F	0.02%
FLGT	F	0.02%
ROST	C	0.02%
RKT	F	0.02%
PAYX	C	0.02%
EQIX	A	0.02%
ATRC	C	0.02%
PLD	D	0.02%
UNP	C	0.02%
NOW	A	0.02%
ARW	D	0.02%
NUVL	D	0.02%
CHE	D	0.02%
NSP	D	0.02%
ABM	B	0.02%
ITT	A	0.01%
SONO	C	0.01%
VCYT	B	0.01%
OCUL	D	0.01%
NSC	B	0.01%
AEO	F	0.01%
PCTY	B	0.01%
FIVE	F	0.01%
MAT	D	0.01%
ELVN	D	0.01%
FULT	A	0.01%
RGNX	F	0.01%
VZIO	A	0.01%
NYT	C	0.01%
BBSI	B	0.01%
DLB	B	0.01%
SFNC	B	0.01%
IEX	B	0.01%
PLAY	D	0.01%
USPH	B	0.01%
SATS	D	0.01%
REG	B	0.01%
URBN	C	0.01%
DIOD	D	0.01%
AGL	F	0.01%
PII	D	0.01%
KE	C	0.01%
UFCS	B	0.01%
ABCB	B	0.01%
BRX	A	0.01%
UBSI	B	0.01%
IRTC	D	0.01%
LFST	C	0.01%
KURA	F	0.01%
BCRX	D	0.01%
FRPT	B	0.01%
HAS	D	0.01%
TYL	B	0.01%
ONB	B	0.01%
VRDN	D	0.01%
CVCO	A	0.01%
DYN	F	0.01%
DORM	B	0.01%
GTES	A	0.01%
TMCI	D	0.01%
MIRM	B	0.01%
WTM	A	0.01%
FOUR	B	0.01%
QRVO	F	0.01%
WPC	D	0.01%
ANSS	B	0.01%
PJT	A	0.01%
FLS	B	0.01%
LBPH	A	0.01%
DAWN	F	0.01%
WH	B	0.01%
LFUS	F	0.01%
MTN	C	0.01%
WD	D	0.01%
KFRC	D	0.01%
DBX	B	0.01%
SSB	B	0.01%
MTCH	D	0.01%
MC	C	0.01%
SYNA	C	0.01%
APG	B	0.01%
CNM	D	0.01%
PB	A	0.01%
NVAX	F	0.01%
IMVT	F	0.01%
PRLB	A	0.01%
NTLA	F	0.01%
LCII	C	0.01%
PTGX	C	0.01%
PSTG	D	0.01%
AVO	C	0.01%
XYL	D	0.01%
OZK	B	0.01%
VNT	B	0.01%
IPGP	D	0.01%
RLI	B	0.01%
CADE	B	0.01%
RCKT	F	0.01%
SNDX	F	0.01%
KNF	A	0.01%
HWC	B	0.01%
VEEV	C	0.01%
HMN	B	0.01%
AKRO	B	0.01%
CE	F	0.01%
SKY	A	0.01%
FICO	B	0.01%
UWMC	D	0.01%
ARDX	F	0.01%
SNA	A	0.01%
MYGN	F	0.01%
HGV	B	0.01%
FDS	B	0.01%
VRSN	F	0.01%
ASB	B	0.01%
FG	B	0.01%
ASIX	A	0.01%
FNB	A	0.01%
SBAC	D	0.01%
SMCI	F	0.01%
IAC	D	0.01%
TCBI	B	0.01%
UMBF	B	0.01%
HTH	B	0.01%
FND	C	0.01%
JKHY	D	0.01%
CXT	B	0.01%
CBSH	A	0.01%
SSYS	C	0.01%
CSX	B	0.01%
KWR	C	0.01%
DAY	B	0.01%
GERN	D	0.01%
LANC	C	0.01%
TRUP	B	0.01%
IRT	A	0.01%
MNKD	C	0.01%
DFH	D	0.01%
AXNX	C	0.01%
RCM	F	0.01%
RYAN	B	0.01%
CC	C	0.01%
TOST	B	0.01%
LAMR	D	0.01%
MSM	C	0.01%
SITE	D	0.01%
AOS	F	0.01%
UPBD	B	0.01%
BEAM	D	0.01%
JBSS	D	0.01%
DOC	D	0.01%
IOSP	B	0.01%
IR	B	0.01%
BGS	F	0.01%
TDOC	C	0.01%
MORN	B	0.01%
UHAL	D	0.01%
SXT	B	0.01%
CABO	C	0.01%
AIV	C	0.01%
FL	F	0.01%
MSCI	C	0.01%
UNF	B	0.01%
UI	A	0.01%
ARE	D	0.01%
EXLS	B	0.01%
CFR	B	0.01%
RXRX	F	0.01%
GSAT	C	0.01%
PNFP	B	0.01%
O	D	0.01%
CRSR	C	0.01%
CLDX	F	0.01%
VLY	B	0.01%
NGVT	B	0.01%
FHI	A	0.01%
EXPI	C	0.01%
TVTX	B	0.01%
ICFI	F	0.01%
SPTN	D	0.01%
BECN	B	0.01%
IRM	D	0.01%
MDXG	B	0.01%
PAYC	B	0.01%
HLI	B	0.01%
WBS	A	0.01%
ERIE	D	0.01%
CGON	F	0.01%
NMRK	B	0.01%
IDT	B	0.01%
KO	D	0.01%
HUBB	B	0.01%
AXTA	A	0.01%
AGIO	C	0.01%
IRWD	F	0.01%
KIM	A	0.01%
FNA	C	0.01%
KFY	B	0.01%
KEX	C	0.01%
FTV	C	0.01%
BGC	C	0.01%
ASH	D	0.01%
ARVN	D	0.01%
ALB	C	0.01%
CDNS	B	0.01%
IDYA	F	0.01%
CNXC	F	0.01%
WTFC	A	0.01%
KEYS	A	0.01%
BURL	A	0.01%
TTWO	A	0.01%
BOKF	B	0.01%
UFPI	B	0.01%
WAL	B	0.01%
PDCO	D	0.01%
CSTL	D	0.01%
EMN	D	0.01%
LGF.A	C	0.01%
RNA	D	0.01%
TER	D	0.01%
INSP	D	0.01%
KYMR	D	0.01%
TTMI	B	0.01%
STGW	B	0.01%
AMRK	F	0.01%
TXG	F	0.01%
VNO	B	0.01%
XRAY	F	0.01%
CSGP	D	0.01%
HHH	B	0.01%
BC	C	0.01%
RGEN	D	0.01%
RRX	B	0.01%
PBH	A	0.01%
ESI	A	0.01%
TRU	D	0.01%
AKAM	D	0.01%
H	B	0.01%
CLH	B	0.01%
TNL	A	0.01%
DVAX	C	0.01%
FCNCA	A	0.01%
GNRC	B	0.01%
BZH	B	0.01%
LGIH	D	0.01%
XNCR	B	0.01%
SEIC	B	0.01%
KROS	D	0.01%
COIN	C	0.01%
FFIV	B	0.01%
NXST	C	0.01%
AME	A	0.01%
TRMB	B	0.01%
NARI	C	0.01%
EEFT	B	0.01%
ADSK	A	0.01%
CNO	A	0.01%
GT	C	0.01%
BCO	D	0.01%
THO	B	0.01%
RYTM	C	0.01%
IOVA	F	0.01%
GEN	B	0.01%
TTEK	F	0.01%
JNPR	F	0.01%
EWBC	A	0.01%
AMG	B	0.01%
FDX	B	0.01%
PRVA	B	0.01%
VCEL	B	0.01%
CIEN	B	0.01%
SNV	B	0.01%
DOV	A	0.01%
LILAK	D	0.01%
VERA	B	0.01%
ABNB	C	0.01%
PSA	D	0.01%
CNDT	C	0.01%
VRSK	A	0.01%
VIR	D	0.01%
ROP	B	0.01%
COHR	B	0.01%
EDR	A	0.01%
FOLD	F	0.01%
EFX	F	0.01%
HAIN	C	0.01%
VAC	B	0.01%
FCN	D	0.01%
SWTX	C	0.01%
GDDY	A	0.01%
URI	B	0.01%
ARWR	F	0.01%
SCLX	F	0.0%
OABI	F	0.0%
PHAT	F	0.0%
ABUS	D	0.0%
ABSI	F	0.0%
QTRX	F	0.0%
PRME	F	0.0%
ANAB	F	0.0%
CELC	F	0.0%
OLMA	F	0.0%
SVRA	D	0.0%
ORIC	F	0.0%
LYEL	F	0.0%
ALGM	D	0.0%
STOK	F	0.0%
LQDA	D	0.0%
ALEC	F	0.0%
ALT	C	0.0%
CTKB	C	0.0%
NUVB	C	0.0%
RLAY	F	0.0%
MPWR	F	0.0%
TYRA	F	0.0%
FDMT	F	0.0%
IMNM	F	0.0%
MSGS	A	0.0%
NDSN	B	0.0%
TW	A	0.0%
COGT	D	0.0%
MODG	F	0.0%
BSY	D	0.0%
ARCT	F	0.0%
WAFD	B	0.0%
GIC	D	0.0%
APLT	B	0.0%
NVEE	F	0.0%
ZEUS	C	0.0%
REYN	D	0.0%
IBP	D	0.0%
WSFS	A	0.0%
HZO	D	0.0%
UCB	A	0.0%
SAGE	F	0.0%
MMI	B	0.0%
PLRX	F	0.0%
MNMD	C	0.0%
CNS	B	0.0%
AEIS	B	0.0%
MLYS	F	0.0%
EYPT	F	0.0%
SAVA	D	0.0%
COLB	A	0.0%
ETNB	C	0.0%
IRON	B	0.0%
GGG	B	0.0%
CNA	B	0.0%
VSAT	F	0.0%
SAFT	C	0.0%
GOLF	B	0.0%
COTY	F	0.0%
SPRY	D	0.0%
STEP	B	0.0%
CBT	C	0.0%
ITRI	B	0.0%
TKR	D	0.0%
FHB	A	0.0%
ARQT	C	0.0%
TKO	B	0.0%
CRUS	D	0.0%
KIDS	D	0.0%
SIBN	F	0.0%
TRIP	F	0.0%
TTD	B	0.0%
CHH	A	0.0%
FRT	B	0.0%
ROG	D	0.0%
RCUS	F	0.0%
CBZ	B	0.0%
SANA	F	0.0%
EXR	D	0.0%
PNTG	D	0.0%
DCI	B	0.0%
NRIX	D	0.0%
EVH	F	0.0%
HOMB	A	0.0%
ACHC	F	0.0%
SCHL	D	0.0%
PTC	A	0.0%
CATY	B	0.0%
YORW	D	0.0%
POOL	C	0.0%
SLAB	D	0.0%
CARR	D	0.0%
GBCI	B	0.0%

HKND Underweight 181 Positions Relative to AFSM

Symbol	Grade	Weight
SKYW	B	-1.22%
IDCC	A	-1.19%
CRS	A	-0.93%
ALKS	B	-0.91%
PFBC	B	-0.88%
STRL	B	-0.86%
DAKT	B	-0.85%
CALM	A	-0.78%
CVLT	B	-0.77%
AROC	B	-0.69%
TBBK	B	-0.69%
CEIX	A	-0.68%
SLG	B	-0.65%
BMI	B	-0.63%
SLVM	B	-0.62%
PRK	B	-0.59%
NTB	B	-0.59%
NMIH	D	-0.58%
NHI	D	-0.57%
GEO	B	-0.57%
BRBR	A	-0.57%
EGBN	B	-0.56%
POWL	C	-0.55%
BTU	B	-0.55%
WT	B	-0.55%
ZETA	D	-0.54%
MUSA	A	-0.54%
STBA	B	-0.54%
CVNA	B	-0.54%
COKE	C	-0.54%
OFG	B	-0.54%
CHCO	B	-0.54%
APPF	B	-0.51%
PRDO	B	-0.51%
BELFB	C	-0.51%
DOLE	D	-0.5%
DDS	B	-0.5%
AMWD	C	-0.5%
PI	D	-0.49%
CSWI	A	-0.47%
USLM	A	-0.44%
AMR	C	-0.42%
QTWO	A	-0.42%
HIMS	B	-0.42%
WFRD	D	-0.4%
RMR	F	-0.4%
SIG	B	-0.39%
IESC	B	-0.39%
TILE	B	-0.39%
BDC	B	-0.39%
PRGS	A	-0.39%
EVER	F	-0.39%
INMD	C	-0.38%
VRNT	C	-0.38%
LRN	A	-0.38%
WNC	C	-0.37%
YOU	D	-0.37%
IIPR	D	-0.37%
LOPE	B	-0.36%
CASH	A	-0.36%
BLBD	D	-0.36%
CAL	D	-0.36%
M	D	-0.36%
APOG	B	-0.36%
HIW	D	-0.35%
ESNT	D	-0.35%
MATX	C	-0.35%
TRMK	B	-0.34%
PBF	D	-0.34%
MOG.A	B	-0.34%
FBP	B	-0.33%
PFS	B	-0.32%
LPG	F	-0.32%
ATGE	B	-0.32%
CNK	B	-0.32%
PDM	D	-0.32%
ATKR	C	-0.31%
RXST	F	-0.31%
SCS	C	-0.31%
CUZ	B	-0.31%
IBOC	A	-0.31%
ODP	F	-0.3%
TCMD	A	-0.3%
DNOW	B	-0.3%
AKR	B	-0.3%
BKE	B	-0.3%
SBRA	C	-0.29%
THFF	B	-0.29%
PHIN	A	-0.29%
SPNS	F	-0.29%
HUBG	A	-0.29%
BKH	A	-0.28%
BNL	D	-0.28%
HCC	B	-0.28%
CRDO	B	-0.28%
SXC	A	-0.28%
HCI	C	-0.26%
ASO	F	-0.26%
INTA	A	-0.26%
VRNS	D	-0.26%
GIII	D	-0.25%
AGX	B	-0.25%
GNK	D	-0.25%
ABG	B	-0.25%
PRM	C	-0.25%
HDSN	F	-0.24%
PSN	D	-0.24%
MED	F	-0.23%
NTCT	C	-0.23%
HLX	B	-0.23%
SMP	B	-0.22%
IMKTA	C	-0.22%
VNDA	C	-0.22%
NUS	D	-0.22%
KN	B	-0.22%
INSW	F	-0.21%
WABC	B	-0.21%
KRC	C	-0.2%
PK	B	-0.2%
DHT	F	-0.2%
EXTR	B	-0.2%
CMPR	D	-0.2%
ASC	F	-0.2%
NAVI	C	-0.19%
SGBX	F	-0.19%
GOGL	F	-0.19%
TMDX	F	-0.19%
NSSC	D	-0.19%
TPC	C	-0.18%
SD	D	-0.17%
HY	D	-0.17%
STNG	F	-0.16%
ADNT	F	-0.16%
METC	C	-0.15%
GES	F	-0.15%
SCVL	F	-0.14%
CSGS	B	-0.14%
HROW	D	-0.14%
CWCO	C	-0.14%
NECB	B	-0.14%
CECO	A	-0.14%
ALRM	C	-0.14%
EIG	B	-0.13%
MOV	C	-0.13%
ALKT	B	-0.13%
GFF	A	-0.12%
CLW	F	-0.12%
YEXT	A	-0.11%
AMCX	C	-0.11%
CHRD	D	-0.11%
MAX	F	-0.1%
RAMP	C	-0.1%
SPSC	C	-0.09%
MLKN	D	-0.08%
CTRE	D	-0.08%
PEBK	B	-0.08%
KTB	B	-0.08%
ATLO	D	-0.07%
FTDR	A	-0.06%
GRND	A	-0.06%
KSS	F	-0.06%
JWN	C	-0.06%
ANDE	D	-0.05%
OTTR	C	-0.05%
REVG	B	-0.05%
SWX	B	-0.05%
OGS	A	-0.05%
ATEN	B	-0.05%
LBRT	D	-0.04%
PHR	F	-0.04%
ETD	C	-0.04%
HE	C	-0.04%
SEMR	B	-0.04%
JBI	F	-0.03%
VITL	D	-0.03%
RYI	C	-0.03%
SWI	B	-0.03%
ACLS	F	-0.02%
MITK	C	-0.0%
MAIN	A	-0.0%
EPAC	B	-0.0%