HKND vs. BIV ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Vanguard Intermediate-Term Bond ETF (BIV)

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

$33.04

Average Daily Volume

3,811

Number of Holdings ^*

952

* may have additional holdings in another (foreign) market

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$78.55

Average Daily Volume

1,059,820

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	HKND	BIV
30 Days	1.41%	1.20%
60 Days	2.64%	4.53%
90 Days	5.45%	5.29%
12 Months	21.18%	11.80%

291 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in BIV	Overlap
A	C	0.15%	0.01%	0.01%
AAP	F	0.02%	0.02%	0.02%
AAPL	C	2.15%	0.01%	0.01%
ABBV	C	1.87%	0.05%	0.05%
ABT	C	1.07%	0.01%	0.01%
ADBE	F	0.05%	0.02%	0.02%
ADI	C	0.04%	0.02%	0.02%
ADM	D	1.61%	0.02%	0.02%
ADP	B	0.07%	0.02%	0.02%
ADSK	C	0.01%	0.01%	0.01%
AFG	B	0.03%	0.01%	0.01%
AFL	C	0.08%	0.01%	0.01%
AIG	D	0.22%	0.01%	0.01%
AIZ	B	0.11%	0.01%	0.01%
ALL	B	0.21%	0.01%	0.01%
AMAT	D	0.15%	0.01%	0.01%
AMG	C	0.01%	0.02%	0.01%
AMGN	B	1.08%	0.01%	0.01%
AMH	C	0.03%	0.01%	0.01%
AMT	C	0.04%	0.01%	0.01%
AMZN	C	0.6%	0.02%	0.02%
APD	B	0.02%	0.01%	0.01%
APH	C	0.04%	0.01%	0.01%
ARE	C	0.01%	0.01%	0.01%
ARW	C	0.03%	0.01%	0.01%
AVB	C	0.06%	0.01%	0.01%
AVGO	C	0.11%	0.01%	0.01%
AVT	C	0.02%	0.01%	0.01%
AWK	C	0.38%	0.01%	0.01%
AXP	B	0.21%	0.05%	0.05%
AYI	A	0.05%	0.01%	0.01%
AZO	D	0.04%	0.01%	0.01%
BAC	D	0.52%	0.01%	0.01%
BAX	C	0.85%	0.01%	0.01%
BBY	C	0.27%	0.01%	0.01%
BC	C	0.01%	0.02%	0.01%
BDX	F	1.1%	0.01%	0.01%
BEN	F	0.03%	0.01%	0.01%
BERY	C	0.06%	0.01%	0.01%
BG	D	0.92%	0.01%	0.01%
BHF	D	0.02%	0.01%	0.01%
BIIB	F	0.29%	0.04%	0.04%
BK	A	0.11%	0.01%	0.01%
BKNG	B	0.06%	0.01%	0.01%
BKU	D	0.01%	0.01%	0.01%
BLK	B	0.1%	0.01%	0.01%
BMY	C	0.87%	0.01%	0.01%
BR	D	0.02%	0.02%	0.02%
BRO	C	0.02%	0.01%	0.01%
BRX	B	0.01%	0.01%	0.01%
BSX	B	0.72%	0.02%	0.02%
BXP	B	0.02%	0.01%	0.01%
C	D	0.4%	0.01%	0.01%
CAG	C	0.36%	0.02%	0.02%
CAH	C	0.3%	0.03%	0.03%
CARR	B	0.01%	0.02%	0.01%
CBT	B	0.0%	0.01%	0.0%
CCI	C	0.02%	0.01%	0.01%
CE	F	0.01%	0.01%	0.01%
CFG	C	0.04%	0.01%	0.01%
CHD	C	0.34%	0.01%	0.01%
CHTR	D	0.17%	0.02%	0.02%
CI	C	1.09%	0.01%	0.01%
CINF	C	0.04%	0.01%	0.01%
CLX	C	0.23%	0.01%	0.01%
CMA	A	0.02%	0.01%	0.01%
CMCSA	D	0.65%	0.01%	0.01%
CME	C	0.02%	0.01%	0.01%
CMI	C	0.05%	0.01%	0.01%
CNA	D	0.0%	0.01%	0.0%
CNO	A	0.01%	0.02%	0.01%
COF	A	0.17%	0.01%	0.01%
COST	B	0.1%	0.01%	0.01%
CPB	B	0.08%	0.02%	0.02%
CPT	B	0.03%	0.01%	0.01%
CRM	D	0.08%	0.02%	0.02%
CSL	B	0.03%	0.01%	0.01%
CSX	D	0.01%	0.01%	0.01%
CTAS	C	0.04%	0.02%	0.02%
CTVA	B	1.44%	0.01%	0.01%
CVS	F	0.45%	0.01%	0.01%
DD	B	0.31%	0.05%	0.05%
DE	B	2.0%	0.01%	0.01%
DELL	C	0.96%	0.01%	0.01%
DFS	B	0.07%	0.02%	0.02%
DGX	C	0.6%	0.01%	0.01%
DHI	C	0.17%	0.01%	0.01%
DHR	C	0.58%	0.01%	0.01%
DIS	D	0.2%	0.01%	0.01%
DLR	B	0.02%	0.02%	0.02%
DOC	C	0.01%	0.02%	0.01%
DOV	B	0.01%	0.01%	0.01%
DOW	D	0.2%	0.01%	0.01%
DOX	C	0.02%	0.02%	0.02%
DXC	C	0.07%	0.02%	0.02%
EA	D	0.02%	0.02%	0.02%
EBAY	B	0.05%	0.02%	0.02%
ECL	A	0.89%	0.01%	0.01%
EFX	C	0.02%	0.02%	0.02%
EL	F	0.03%	0.01%	0.01%
EMN	B	0.01%	0.01%	0.01%
EMR	D	0.03%	0.01%	0.01%
EQH	C	0.05%	0.01%	0.01%
EQIX	B	0.02%	0.01%	0.01%
EQR	C	0.07%	0.01%	0.01%
ESS	C	0.04%	0.01%	0.01%
EW	F	0.28%	0.01%	0.01%
EXPE	C	0.04%	0.02%	0.02%
EXR	B	0.01%	0.01%	0.01%
FAF	C	0.05%	0.01%	0.01%
FDX	F	0.01%	0.01%	0.01%
FIS	B	0.04%	0.01%	0.01%
FITB	B	0.04%	0.01%	0.01%
FLO	C	0.09%	0.01%	0.01%
FLS	D	0.01%	0.01%	0.01%
FMC	C	0.75%	0.01%	0.01%
FNF	B	0.07%	0.01%	0.01%
FRT	C	0.0%	0.01%	0.0%
FTNT	B	0.01%	0.01%	0.01%
GILD	B	0.76%	0.01%	0.01%
GIS	B	0.3%	0.01%	0.01%
GL	C	0.02%	0.01%	0.01%
GOOGL	D	3.81%	0.02%	0.02%
GPC	D	0.05%	0.01%	0.01%
GPN	D	0.04%	0.01%	0.01%
GS	C	0.33%	0.01%	0.01%
GXO	D	0.05%	0.01%	0.01%
H	C	0.01%	0.01%	0.01%
HAS	B	0.01%	0.01%	0.01%
HBAN	B	0.03%	0.01%	0.01%
HCA	A	0.97%	0.02%	0.02%
HD	A	0.38%	0.01%	0.01%
HIG	B	0.1%	0.02%	0.02%
HPQ	D	0.74%	0.02%	0.02%
HRB	C	0.01%	0.01%	0.01%
HST	C	0.02%	0.02%	0.02%
HSY	D	0.06%	0.01%	0.01%
HUBB	A	0.01%	0.01%	0.01%
HUM	F	0.24%	0.01%	0.01%
HUN	D	0.04%	0.01%	0.01%
IBM	A	0.25%	0.01%	0.01%
ICE	C	0.03%	0.01%	0.01%
IEX	D	0.01%	0.01%	0.01%
IFF	C	0.06%	0.01%	0.01%
ILMN	C	0.09%	0.01%	0.01%
INGR	B	0.48%	0.01%	0.01%
INTC	F	1.49%	0.01%	0.01%
INTU	C	0.03%	0.01%	0.01%
INVH	C	0.05%	0.02%	0.02%
IPG	C	0.03%	0.01%	0.01%
ITW	C	0.03%	0.01%	0.01%
JBL	D	0.12%	0.01%	0.01%
JEF	B	0.04%	0.01%	0.01%
JNJ	C	2.1%	0.01%	0.01%
JNPR	A	0.01%	0.01%	0.01%
JPM	D	0.66%	0.01%	0.01%
K	A	0.26%	0.01%	0.01%
KDP	B	0.04%	0.01%	0.01%
KEX	C	0.01%	0.01%	0.01%
KEY	B	0.04%	0.01%	0.01%
KEYS	C	0.01%	0.01%	0.01%
KIM	C	0.01%	0.01%	0.01%
KLAC	D	0.05%	0.02%	0.02%
KMB	D	0.1%	0.01%	0.01%
KMPR	D	0.02%	0.01%	0.01%
KO	B	0.01%	0.01%	0.01%
KR	C	0.21%	0.01%	0.01%
L	D	0.05%	0.01%	0.01%
LEN	C	0.15%	0.01%	0.01%
LLY	C	1.99%	0.01%	0.01%
LNC	D	0.05%	0.01%	0.01%
LOW	A	0.24%	0.01%	0.01%
LRCX	F	0.09%	0.02%	0.02%
MA	B	0.11%	0.01%	0.01%
MAA	C	0.05%	0.01%	0.01%
MAR	C	0.05%	0.01%	0.01%
MAS	B	0.02%	0.01%	0.01%
MCO	A	0.03%	0.01%	0.01%
MCY	D	0.02%	0.01%	0.01%
MDLZ	C	0.32%	0.01%	0.01%
MET	A	0.2%	0.02%	0.02%
MKC	C	0.05%	0.01%	0.01%
MKL	C	0.05%	0.01%	0.01%
MMC	C	0.12%	0.02%	0.02%
MMM	A	0.06%	0.01%	0.01%
MOS	F	1.63%	0.02%	0.02%
MRK	D	1.79%	0.02%	0.02%
MRVL	C	0.01%	0.01%	0.01%
MS	C	0.34%	0.04%	0.04%
MSFT	C	2.41%	0.1%	0.1%
MSI	B	0.02%	0.01%	0.01%
MTB	A	0.03%	0.02%	0.02%
MU	F	0.11%	0.02%	0.02%
NDAQ	A	0.02%	0.01%	0.01%
NOW	A	0.02%	0.03%	0.02%
NSC	C	0.0%	0.01%	0.0%
NTAP	D	0.03%	0.01%	0.01%
NTRS	B	0.04%	0.01%	0.01%
NVDA	D	0.08%	0.03%	0.03%
NVR	B	0.05%	0.01%	0.01%
O	C	0.01%	0.01%	0.01%
OMC	B	0.05%	0.01%	0.01%
ORCL	B	0.19%	0.01%	0.01%
ORLY	D	0.04%	0.01%	0.01%
OTIS	C	0.02%	0.01%	0.01%
PEP	D	0.39%	0.01%	0.01%
PFE	C	1.6%	0.01%	0.01%
PFG	B	0.06%	0.01%	0.01%
PG	C	3.93%	0.01%	0.01%
PGR	A	0.21%	0.02%	0.02%
PH	A	0.04%	0.02%	0.02%
PHM	B	0.08%	0.01%	0.01%
PLD	C	0.03%	0.01%	0.01%
PNC	A	0.1%	0.01%	0.01%
PPG	D	0.03%	0.01%	0.01%
PRU	C	0.17%	0.01%	0.01%
PSA	B	0.01%	0.01%	0.01%
PWR	B	0.02%	0.01%	0.01%
PYPL	B	0.09%	0.02%	0.02%
QCOM	F	0.15%	0.02%	0.02%
QRVO	F	0.01%	0.02%	0.01%
R	B	0.02%	0.01%	0.01%
REG	C	0.01%	0.01%	0.01%
REGN	C	0.59%	0.02%	0.02%
RF	B	0.03%	0.01%	0.01%
RGA	B	0.06%	0.01%	0.01%
RJF	C	0.05%	0.03%	0.03%
ROK	F	0.02%	0.01%	0.01%
ROP	C	0.01%	0.01%	0.01%
ROST	C	0.03%	0.01%	0.01%
RPRX	D	0.1%	0.01%	0.01%
RS	D	0.03%	0.01%	0.01%
RSG	D	0.03%	0.01%	0.01%
SCHW	D	0.07%	0.01%	0.01%
SF	A	0.02%	0.01%	0.01%
SHW	B	0.04%	0.01%	0.01%
SJM	C	0.49%	0.01%	0.01%
SNA	C	0.01%	0.01%	0.01%
SNX	D	0.06%	0.01%	0.01%
SPG	A	0.03%	0.01%	0.01%
SPGI	A	0.03%	0.01%	0.01%
STT	B	0.09%	0.01%	0.01%
SUI	C	0.05%	0.01%	0.01%
SWK	B	0.04%	0.01%	0.01%
SWKS	F	0.02%	0.01%	0.01%
SYF	C	0.07%	0.02%	0.02%
SYK	C	1.12%	0.02%	0.02%
SYY	D	0.07%	0.02%	0.02%
T	C	0.85%	0.01%	0.01%
TFC	D	0.1%	0.01%	0.01%
TGT	C	0.13%	0.01%	0.01%
THG	C	0.02%	0.01%	0.01%
TJX	C	0.06%	0.01%	0.01%
TKR	D	0.0%	0.01%	0.0%
TMO	C	0.86%	0.01%	0.01%
TMUS	C	0.36%	0.04%	0.04%
TRMB	C	0.01%	0.02%	0.01%
TSCO	C	0.02%	0.01%	0.01%
TXN	C	0.1%	0.01%	0.01%
UDR	C	0.03%	0.01%	0.01%
UHS	B	0.21%	0.02%	0.02%
UNH	C	0.92%	0.01%	0.01%
UNM	B	0.03%	0.01%	0.01%
UNP	C	0.02%	0.01%	0.01%
UPS	F	0.03%	0.01%	0.01%
USB	B	0.12%	0.01%	0.01%
V	C	0.16%	0.01%	0.01%
VNO	B	0.01%	0.01%	0.01%
VNT	F	0.01%	0.01%	0.01%
VOYA	B	0.03%	0.01%	0.01%
VRSK	D	0.01%	0.01%	0.01%
VRSN	D	0.01%	0.02%	0.01%
VTR	C	0.05%	0.01%	0.01%
VTRS	D	0.24%	0.02%	0.02%
VZ	B	0.91%	0.01%	0.01%
WBA	F	0.21%	0.01%	0.01%
WBS	D	0.01%	0.01%	0.01%
WELL	C	0.02%	0.01%	0.01%
WFC	D	0.4%	0.04%	0.04%
WHR	C	0.04%	0.01%	0.01%
WLK	D	0.06%	0.01%	0.01%
WM	D	0.05%	0.01%	0.01%
WMT	B	1.05%	0.01%	0.01%
WPC	C	0.01%	0.01%	0.01%
WTFC	C	0.01%	0.01%	0.01%
WTRG	D	0.08%	0.01%	0.01%
WU	D	0.02%	0.01%	0.01%
XRAY	D	0.02%	0.02%	0.02%
XYL	D	0.01%	0.01%	0.01%
ZBH	F	0.43%	0.02%	0.02%
ZION	D	0.01%	0.01%	0.01%

HKND Overweight 661 Positions Relative to BIV

Symbol	Grade	Weight
CL	C	1.3%
GEHC	C	0.96%
CF	C	0.94%
AGCO	D	0.67%
VRTX	D	0.59%
IQV	D	0.51%
FDP	C	0.5%
MCK	F	0.43%
KVUE	C	0.41%
ELV	C	0.41%
VLTO	B	0.34%
CNC	C	0.33%
ISRG	C	0.32%
THC	B	0.32%
J	C	0.29%
SPB	B	0.28%
HOLX	C	0.27%
FELE	C	0.26%
MRNA	F	0.25%
RMD	C	0.2%
HPE	D	0.19%
TSLA	C	0.17%
FSLR	C	0.17%
TFX	C	0.17%
SOLV	C	0.17%
AVTR	C	0.16%
CSCO	B	0.16%
TRV	B	0.16%
ZWS	B	0.16%
ENOV	F	0.15%
CTLT	B	0.14%
DXCM	F	0.13%
RUN	C	0.13%
DVA	B	0.13%
HSIC	D	0.13%
ENPH	D	0.13%
FTRE	D	0.12%
OGN	D	0.11%
TITN	F	0.11%
ICUI	B	0.11%
AHCO	C	0.11%
CBRE	A	0.11%
LUMN	C	0.11%
CRL	F	0.1%
ALNY	C	0.1%
GLW	B	0.1%
WDC	D	0.1%
MAN	C	0.1%
SEM	D	0.1%
BIO	C	0.09%
INCY	C	0.09%
PODD	B	0.08%
CTSH	C	0.08%
EMBC	C	0.08%
POST	C	0.08%
ACM	B	0.08%
CDW	D	0.08%
UTHR	C	0.08%
ITGR	B	0.08%
LXU	F	0.08%
NFLX	B	0.08%
ALG	D	0.08%
RDNT	B	0.08%
MTD	D	0.08%
KD	D	0.07%
AMD	D	0.07%
EHC	B	0.07%
TECH	D	0.07%
WBD	D	0.07%
MASI	D	0.07%
MMSI	B	0.07%
IART	F	0.07%
UAN	D	0.07%
AMP	B	0.07%
MOH	D	0.07%
BMRN	F	0.07%
CWT	C	0.07%
SQ	D	0.06%
FOX	B	0.06%
GMED	D	0.06%
CRBG	D	0.06%
SRPT	D	0.06%
BRKR	D	0.06%
HAE	D	0.06%
WST	D	0.06%
ACI	F	0.06%
NBIX	F	0.06%
WAT	C	0.06%
CNMD	D	0.06%
KLG	C	0.05%
PCVX	C	0.05%
TOL	B	0.05%
OPK	D	0.05%
ROKU	C	0.05%
GWW	A	0.05%
AVNS	C	0.05%
OMI	D	0.05%
SMG	C	0.05%
SJW	D	0.05%
LNN	D	0.04%
LPLA	F	0.04%
LKQ	F	0.04%
CR	C	0.04%
TNDM	C	0.04%
ORI	B	0.04%
OPCH	C	0.04%
CNXN	B	0.04%
SGRY	C	0.04%
AJG	D	0.04%
SCSC	D	0.04%
TMHC	B	0.04%
WMG	D	0.04%
TROW	D	0.04%
NOVT	D	0.04%
UNFI	C	0.04%
WRB	C	0.04%
MEDP	D	0.04%
TTC	D	0.04%
AWR	B	0.04%
ALLY	D	0.04%
FYBR	C	0.04%
EXAS	C	0.04%
VKTX	C	0.04%
EXEL	C	0.04%
PEN	D	0.04%
JLL	B	0.04%
MCHP	D	0.03%
CHE	C	0.03%
FAST	C	0.03%
REZI	D	0.03%
GNW	B	0.03%
WTS	C	0.03%
HWKN	C	0.03%
GME	D	0.03%
APO	B	0.03%
XRX	F	0.03%
ENR	D	0.03%
OPEN	D	0.03%
NUVL	C	0.03%
CHWY	C	0.03%
OFIX	D	0.03%
ENSG	C	0.03%
NWS	D	0.03%
HALO	C	0.03%
NEO	C	0.03%
ON	F	0.03%
CG	D	0.03%
MD	C	0.03%
MTH	C	0.03%
DAR	F	0.03%
MIDD	D	0.03%
KBH	B	0.03%
LYV	B	0.03%
NSP	D	0.03%
FLGT	F	0.03%
TWI	D	0.03%
CYTK	F	0.03%
IRDM	D	0.03%
RVMD	C	0.03%
AMRX	B	0.03%
SANM	D	0.03%
LBRDA	F	0.03%
SNEX	B	0.03%
ELS	C	0.03%
IT	A	0.03%
TDS	C	0.03%
SMMT	C	0.03%
RHI	D	0.03%
BPMC	D	0.03%
ZBRA	B	0.03%
IONS	D	0.03%
RKT	C	0.03%
IVZ	B	0.03%
LNTH	D	0.03%
ITCI	D	0.03%
ATR	B	0.02%
SRCL	B	0.02%
WCC	D	0.02%
TTEK	C	0.02%
MSEX	C	0.02%
PLXS	B	0.02%
BCO	A	0.02%
ULTA	D	0.02%
FOLD	D	0.02%
STC	B	0.02%
AMPH	C	0.02%
IOVA	D	0.02%
NATL	D	0.02%
IBKR	A	0.02%
GH	D	0.02%
DNLI	C	0.02%
HAIN	D	0.02%
GKOS	C	0.02%
NWL	D	0.02%
SNPS	D	0.02%
FCN	C	0.02%
ADTN	D	0.02%
SMPL	D	0.02%
AMRK	C	0.02%
UTZ	C	0.02%
ANET	A	0.02%
CNXC	F	0.02%
AXSM	B	0.02%
PTCT	C	0.02%
COOP	C	0.02%
ALGN	D	0.02%
CRNX	C	0.02%
CENTA	D	0.02%
ALIT	D	0.02%
GAP	F	0.02%
MDGL	F	0.02%
INSM	D	0.02%
ACAD	F	0.02%
CORT	B	0.02%
LECO	F	0.02%
SMCI	F	0.02%
BKD	D	0.02%
TXG	D	0.02%
ATRC	C	0.02%
KRYS	D	0.02%
MHO	B	0.02%
EME	A	0.02%
DKS	D	0.02%
RARE	B	0.02%
TPG	B	0.02%
COMP	C	0.02%
LILAK	D	0.02%
OMF	D	0.02%
TPH	C	0.02%
PFSI	C	0.02%
CCS	C	0.02%
IDXX	D	0.02%
ENTG	D	0.02%
PAYX	C	0.02%
JJSF	C	0.02%
GFS	F	0.02%
TNET	F	0.02%
ADV	C	0.02%
THS	C	0.02%
HLT	B	0.02%
AZTA	F	0.02%
ABM	D	0.02%
SSNC	B	0.02%
USM	C	0.02%
WMS	D	0.02%
APLS	F	0.02%
ZG	B	0.02%
BLDR	C	0.02%
JXN	B	0.02%
AMKR	F	0.02%
WSO	C	0.02%
KELYA	D	0.02%
MMS	C	0.02%
AMED	C	0.02%
BBIO	D	0.02%
TYRA	B	0.01%
POOL	D	0.01%
IRTC	F	0.01%
COTY	F	0.01%
EOLS	C	0.01%
DORM	B	0.01%
USPH	F	0.01%
MIRM	D	0.01%
SLAB	D	0.01%
UBSI	C	0.01%
GTES	C	0.01%
ONB	C	0.01%
PNTG	B	0.01%
WH	B	0.01%
YORW	D	0.01%
MPWR	C	0.01%
KE	F	0.01%
NYT	C	0.01%
VZIO	A	0.01%
URBN	D	0.01%
PJT	B	0.01%
DLB	D	0.01%
ABCB	B	0.01%
NX	F	0.01%
MAT	C	0.01%
PRLB	F	0.01%
FOUR	C	0.01%
GMS	D	0.01%
LFST	C	0.01%
FRPT	B	0.01%
CRUS	D	0.01%
WTM	D	0.01%
CMC	D	0.01%
AEO	D	0.01%
TYL	C	0.01%
TOST	A	0.01%
APAM	C	0.01%
UI	A	0.01%
FDMT	F	0.01%
SAGE	F	0.01%
CVCO	B	0.01%
DBX	D	0.01%
SIBN	D	0.01%
KIDS	F	0.01%
FIVE	D	0.01%
GSAT	F	0.01%
RGNX	F	0.01%
SCHL	D	0.01%
CGEM	D	0.01%
ANSS	D	0.01%
PB	B	0.01%
WGO	D	0.01%
VRDN	C	0.01%
DIOD	F	0.01%
MC	B	0.01%
HMN	D	0.01%
CADE	C	0.01%
FICO	B	0.01%
RLI	B	0.01%
SSYS	F	0.01%
SSB	B	0.01%
HURN	C	0.01%
DAY	D	0.01%
DAWN	D	0.01%
FIX	A	0.01%
ASB	D	0.01%
UCTT	F	0.01%
BCRX	C	0.01%
BXC	D	0.01%
OZK	D	0.01%
HWC	D	0.01%
ACIW	B	0.01%
SATS	C	0.01%
TCBI	B	0.01%
APG	D	0.01%
MDXG	F	0.01%
HGV	D	0.01%
TRUP	C	0.01%
MTN	D	0.01%
PLUS	B	0.01%
IPGP	F	0.01%
APP	B	0.01%
WD	B	0.01%
VEEV	C	0.01%
SYNA	F	0.01%
VSAT	F	0.01%
LFUS	C	0.01%
FNB	D	0.01%
PSTG	F	0.01%
AKRO	C	0.01%
AVO	B	0.01%
KFRC	D	0.01%
UMBF	B	0.01%
ACT	B	0.01%
CBSH	D	0.01%
KNF	B	0.01%
CNM	F	0.01%
PIPR	A	0.01%
IMVT	F	0.01%
GRBK	C	0.01%
DYN	D	0.01%
PII	D	0.01%
EXLS	B	0.01%
FDS	C	0.01%
FG	D	0.01%
SKY	C	0.01%
FNA	F	0.01%
TDC	F	0.01%
RYAN	C	0.01%
LCII	C	0.01%
KURA	C	0.01%
CCRN	F	0.01%
PNFP	A	0.01%
PAYC	D	0.01%
CFR	C	0.01%
CRVL	B	0.01%
BRC	B	0.01%
ASIX	C	0.01%
PRG	B	0.01%
COIN	F	0.01%
CABO	F	0.01%
TVTX	A	0.01%
PTGX	B	0.01%
MTG	B	0.01%
MTCH	C	0.01%
MNKD	C	0.01%
IDT	C	0.01%
RDN	C	0.01%
JKHY	C	0.01%
LANC	D	0.01%
AXNX	A	0.01%
IOSP	D	0.01%
SNDX	F	0.01%
FHI	B	0.01%
RCM	C	0.01%
MSCI	C	0.01%
IR	C	0.01%
MORN	B	0.01%
HTH	C	0.01%
BECN	D	0.01%
KWR	D	0.01%
SANA	F	0.01%
IRT	B	0.01%
HLI	A	0.01%
CC	F	0.01%
SBAC	C	0.01%
ENS	D	0.01%
BEAM	F	0.01%
VLY	C	0.01%
MSM	D	0.01%
UNF	C	0.01%
NGVT	D	0.01%
CACC	F	0.01%
TARS	C	0.01%
PINC	D	0.01%
TTMI	D	0.01%
SBH	B	0.01%
CRSR	F	0.01%
AGIO	D	0.01%
LAMR	A	0.01%
ADMA	B	0.01%
SXT	C	0.01%
TDOC	D	0.01%
ANIP	D	0.01%
IAC	C	0.01%
SITE	D	0.01%
TGNA	C	0.01%
INVA	C	0.01%
RXRX	F	0.01%
TTWO	D	0.01%
AXTA	C	0.01%
ALB	F	0.01%
UHAL	B	0.01%
FND	C	0.01%
ACHC	C	0.01%
LMAT	B	0.01%
GNRC	D	0.01%
TNC	F	0.01%
ARDX	D	0.01%
IRM	B	0.01%
AIV	B	0.01%
CDNS	D	0.01%
JBSS	D	0.01%
ADUS	C	0.01%
AOS	D	0.01%
BGC	B	0.01%
TEX	F	0.01%
NMRK	B	0.01%
TNL	D	0.01%
CPRX	C	0.01%
BOKF	B	0.01%
EXPI	C	0.01%
ICFI	B	0.01%
RNA	D	0.01%
KFY	B	0.01%
NTLA	F	0.01%
COLL	C	0.01%
GERN	D	0.01%
RCKT	F	0.01%
BCC	C	0.01%
WAL	B	0.01%
ASTH	B	0.01%
DVAX	D	0.01%
SEIC	C	0.01%
NHC	D	0.01%
FTV	C	0.01%
EWBC	D	0.01%
PBH	C	0.01%
FL	D	0.01%
ARVN	F	0.01%
LGND	C	0.01%
CSTL	B	0.01%
CGON	C	0.01%
BURL	C	0.01%
DFH	C	0.01%
UFPI	C	0.01%
ESI	D	0.01%
SNV	C	0.01%
UWMC	D	0.01%
STGW	C	0.01%
CIEN	C	0.01%
FCNCA	D	0.01%
XNCR	C	0.01%
AME	C	0.01%
IRWD	F	0.01%
FFIV	B	0.01%
NVST	D	0.01%
HHH	C	0.01%
NARI	F	0.01%
EVH	C	0.01%
SPTN	C	0.01%
VAC	F	0.01%
HRMY	B	0.01%
GT	F	0.01%
VERA	C	0.01%
NVAX	D	0.01%
LGF.A	F	0.01%
ASH	D	0.01%
RYTM	C	0.01%
KROS	C	0.01%
PRVA	F	0.01%
CLH	A	0.01%
RRX	C	0.01%
KYMR	B	0.01%
COHR	B	0.01%
BHE	C	0.01%
RGEN	F	0.01%
VCEL	D	0.01%
BZH	C	0.01%
VRT	C	0.01%
CSGP	D	0.01%
PDCO	F	0.01%
NTRA	B	0.01%
GDDY	C	0.01%
ASGN	D	0.01%
EEFT	D	0.01%
AGL	F	0.01%
BGS	D	0.01%
IDYA	F	0.01%
VSH	F	0.01%
THO	D	0.01%
AIT	B	0.01%
TRU	B	0.01%
NXST	D	0.01%
ERIE	B	0.01%
VIR	F	0.01%
TWST	D	0.01%
ABNB	D	0.01%
SUPN	D	0.01%
ATEC	F	0.01%
CNDT	C	0.01%
NSIT	C	0.01%
TGTX	C	0.01%
EPAM	F	0.01%
PANW	C	0.01%
MYGN	C	0.01%
AKAM	D	0.01%
EDR	A	0.01%
URI	B	0.01%
INSP	C	0.01%
ACLX	B	0.01%
PCRX	F	0.01%
WDAY	D	0.01%
SWTX	F	0.01%
EWTX	C	0.01%
HOV	C	0.01%
BBWI	F	0.01%
UFPT	A	0.01%
TER	D	0.01%
FHN	D	0.01%
AMN	F	0.01%
SCI	C	0.01%
ARWR	F	0.01%
ARES	A	0.01%
ESAB	C	0.01%
LGIH	C	0.01%
EVR	A	0.01%
SIGI	D	0.01%
JANX	C	0.01%
CLDX	C	0.01%
SEE	D	0.01%
MRVI	D	0.01%
SCLX	F	0.0%
VIRT	C	0.0%
OABI	D	0.0%
ABUS	C	0.0%
BLFS	C	0.0%
CELC	F	0.0%
PRME	F	0.0%
CTKB	F	0.0%
QTRX	D	0.0%
ABSI	D	0.0%
ALT	D	0.0%
STOK	D	0.0%
ORIC	C	0.0%
FORM	F	0.0%
OLMA	D	0.0%
MNMD	F	0.0%
ALGM	F	0.0%
PLAB	F	0.0%
LQDA	F	0.0%
APLT	C	0.0%
SVRA	D	0.0%
IRON	D	0.0%
NUVB	D	0.0%
MSGS	B	0.0%
TW	B	0.0%
SIGA	D	0.0%
CRAI	D	0.0%
YMAB	C	0.0%
COLB	B	0.0%
LYEL	D	0.0%
WAFD	C	0.0%
EYPT	F	0.0%
WSFS	D	0.0%
NDSN	C	0.0%
LBPH	D	0.0%
AEIS	D	0.0%
MLI	B	0.0%
PHAT	C	0.0%
STEP	B	0.0%
UCBI	B	0.0%
CNS	B	0.0%
BSY	D	0.0%
DFIN	C	0.0%
ZEUS	F	0.0%
ALEC	D	0.0%
NVEE	F	0.0%
ETNB	F	0.0%
ANAB	C	0.0%
PLRX	F	0.0%
MMI	C	0.0%
ITRI	C	0.0%
GOLF	F	0.0%
PGNY	F	0.0%
GGG	C	0.0%
COGT	C	0.0%
FHB	D	0.0%
SAFT	D	0.0%
MLYS	F	0.0%
TTD	B	0.0%
HSII	C	0.0%
ARCT	F	0.0%
OSCR	C	0.0%
CBZ	D	0.0%
CATY	C	0.0%
PCTY	C	0.0%
CHH	C	0.0%
GBCI	B	0.0%
REYN	B	0.0%
GIC	D	0.0%
ANF	D	0.0%
AZZ	D	0.0%
HOMB	C	0.0%
SPRY	C	0.0%
NRIX	B	0.0%
IBP	D	0.0%
TMCI	F	0.0%
DCI	D	0.0%
PTC	D	0.0%
CTS	D	0.0%
ARQT	C	0.0%
MODG	F	0.0%
RLAY	D	0.0%
TRIP	F	0.0%
SONO	D	0.0%
PLAY	F	0.0%
VCTR	B	0.0%
HZO	C	0.0%
OCUL	C	0.0%
SAVA	C	0.0%
TKO	B	0.0%
IMNM	D	0.0%
ROG	F	0.0%
ONTO	D	0.0%
ITT	B	0.0%
FULT	D	0.0%
VCYT	B	0.0%
BBSI	B	0.0%
SFNC	C	0.0%
UFCS	D	0.0%
ELVN	D	0.0%
RCUS	D	0.0%
SRRK	D	0.0%
SFM	B	0.0%
UVE	C	0.0%

HKND Underweight 193 Positions Relative to BIV

Symbol	Grade	Weight
WIT	C	-0.35%
DT	C	-0.11%
CB	B	-0.03%
KOF	D	-0.03%
DLTR	F	-0.03%
SLB	F	-0.03%
BWA	D	-0.03%
BMO	C	-0.03%
ESGR	D	-0.03%
TSN	D	-0.03%
BABA	B	-0.03%
LVS	D	-0.02%
NI	B	-0.02%
LMT	B	-0.02%
MRO	C	-0.02%
EOG	D	-0.02%
LDOS	B	-0.02%
HAL	F	-0.02%
DAL	C	-0.02%
ETN	C	-0.02%
CHRW	A	-0.02%
ARCC	B	-0.02%
TEL	D	-0.02%
RL	B	-0.02%
MCD	B	-0.02%
NEM	B	-0.02%
GSK	D	-0.02%
WAB	A	-0.02%
WY	C	-0.02%
GD	B	-0.02%
MPLX	B	-0.02%
ET	B	-0.02%
NWG	C	-0.02%
FOXA	B	-0.02%
NOC	A	-0.02%
GE	A	-0.02%
VOD	C	-0.02%
MUFG	D	-0.02%
SKT	A	-0.01%
REXR	C	-0.01%
SAVE	F	-0.01%
GBDC	C	-0.01%
ALLE	C	-0.01%
AXS	B	-0.01%
TME	F	-0.01%
NOV	D	-0.01%
OGS	B	-0.01%
JCI	B	-0.01%
KMT	B	-0.01%
EPRT	A	-0.01%
PNW	B	-0.01%
RNR	B	-0.01%
PSEC	C	-0.01%
APTV	D	-0.01%
LII	B	-0.01%
OCSL	F	-0.01%
MDT	C	-0.01%
PDM	C	-0.01%
MP	D	-0.01%
KRG	C	-0.01%
FSK	A	-0.01%
LXP	C	-0.01%
OSK	D	-0.01%
OPI	F	-0.01%
BDN	C	-0.01%
WEC	B	-0.01%
WB	F	-0.01%
SITC	D	-0.01%
PKG	B	-0.01%
RPM	B	-0.01%
SCS	D	-0.01%
SAFE	C	-0.01%
SON	D	-0.01%
AGR	B	-0.01%
AGO	C	-0.01%
ATO	B	-0.01%
AEE	A	-0.01%
ADC	C	-0.01%
ACGL	B	-0.01%
AAT	B	-0.01%
OGE	B	-0.01%
NVT	D	-0.01%
NUE	F	-0.01%
GP	D	-0.01%
HR	C	-0.01%
HP	D	-0.01%
HIW	B	-0.01%
JD	C	-0.01%
EPR	B	-0.01%
STE	C	-0.01%
RYN	C	-0.01%
SBRA	C	-0.01%
PRE	F	-0.01%
NHI	C	-0.01%
NEU	D	-0.01%
MLM	D	-0.01%
MHK	C	-0.01%
LIN	B	-0.01%
CNH	D	-0.01%
BNS	A	-0.01%
BKH	B	-0.01%
AAL	D	-0.01%
AMCR	C	-0.01%
CP	C	-0.01%
TD	A	-0.01%
SWX	C	-0.01%
VMC	D	-0.01%
HPP	F	-0.01%
KSS	F	-0.01%
KRC	B	-0.01%
EIX	C	-0.01%
DVN	D	-0.01%
DRI	B	-0.01%
DSS	F	-0.01%
NFG	B	-0.01%
OC	D	-0.01%
LEG	D	-0.01%
LNT	B	-0.01%
LAZ	A	-0.01%
HII	D	-0.01%
ED	C	-0.01%
CUBE	B	-0.01%
FLEX	C	-0.01%
AL	D	-0.01%
CNP	D	-0.01%
CMS	B	-0.01%
AVY	D	-0.01%
BIDU	F	-0.01%
TXT	D	-0.01%
TT	A	-0.01%
VFC	C	-0.01%
PM	C	-0.01%
SO	A	-0.01%
NNN	C	-0.01%
LH	C	-0.01%
LEA	F	-0.01%
MPC	D	-0.01%
GLPI	C	-0.01%
ES	C	-0.01%
EVRG	B	-0.01%
ETR	A	-0.01%
AES	C	-0.01%
CBOE	C	-0.01%
AN	D	-0.01%
ZTS	C	-0.01%
STLD	D	-0.01%
PSX	D	-0.01%
AZN	D	-0.01%
AER	B	-0.01%
EQNR	F	-0.01%
NKE	D	-0.01%
PAA	C	-0.01%
LYB	F	-0.01%
OHI	C	-0.01%
NXPI	D	-0.01%
HRL	D	-0.01%
TDY	C	-0.01%
VLO	F	-0.01%
WRK	C	-0.01%
FANG	D	-0.01%
XEL	B	-0.01%
SRE	B	-0.01%
PEG	A	-0.01%
SBUX	C	-0.01%
AEP	C	-0.01%
AON	B	-0.01%
GM	B	-0.01%
DTE	B	-0.01%
CAT	B	-0.01%
STZ	D	-0.01%
EPD	B	-0.01%
DG	F	-0.01%
DB	B	-0.01%
MO	C	-0.01%
OKE	B	-0.01%
LHX	C	-0.01%
WMB	B	-0.01%
DUK	B	-0.01%
EXC	B	-0.01%
COP	D	-0.01%
HON	D	-0.01%
D	B	-0.01%
CVX	D	-0.01%
LUV	C	-0.01%
HES	D	-0.01%
KMI	A	-0.01%
NEE	C	-0.01%
XOM	D	-0.01%
RTX	C	-0.01%
UAL	C	-0.01%
PCG	B	-0.01%
HSBC	B	-0.01%
BA	F	-0.01%