HKND vs. FBUF ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Fidelity Dynamic Buffered Equity ETF (FBUF)

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

$32.51

Average Daily Volume

1,932

Number of Holdings ^*

959

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.17

Average Daily Volume

3,409

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	HKND	FBUF
30 Days	-2.26%	1.13%
60 Days	-1.66%	4.49%
90 Days	0.93%	5.93%
12 Months	18.06%

108 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in FBUF	Overlap
AAPL	C	2.14%	7.13%	2.14%
ABBV	F	1.98%	0.93%	0.93%
ABT	C	1.12%	0.62%	0.62%
ADBE	F	0.04%	0.98%	0.04%
ADP	B	0.07%	0.26%	0.07%
AMAT	F	0.14%	0.72%	0.14%
AME	A	0.01%	0.09%	0.01%
AMGN	D	1.04%	0.26%	0.26%
AMT	D	0.03%	0.2%	0.03%
AMZN	B	0.64%	3.92%	0.64%
ANET	C	0.02%	0.07%	0.02%
ANF	C	0.0%	0.42%	0.0%
AVGO	C	0.12%	1.89%	0.12%
AXP	A	0.22%	0.43%	0.22%
BAC	A	0.54%	1.14%	0.54%
BBWI	C	0.02%	0.16%	0.02%
BDX	F	1.13%	0.59%	0.59%
BIIB	F	0.26%	0.22%	0.22%
BK	A	0.12%	0.12%	0.12%
BMY	B	1.0%	0.79%	0.79%
C	A	0.41%	0.71%	0.41%
CAH	B	0.31%	0.48%	0.31%
CI	D	0.98%	0.65%	0.65%
CINF	A	0.04%	0.07%	0.04%
CL	D	1.22%	0.52%	0.52%
CLX	A	0.24%	0.13%	0.13%
CMCSA	B	0.7%	0.85%	0.7%
CME	A	0.03%	0.43%	0.03%
COST	B	0.1%	0.3%	0.1%
CRM	A	0.09%	1.22%	0.09%
CRUS	F	0.0%	0.16%	0.0%
CSCO	B	0.18%	0.81%	0.18%
CSX	B	0.01%	0.59%	0.01%
CTAS	B	0.04%	0.67%	0.04%
CVS	F	0.44%	0.21%	0.21%
DBX	C	0.01%	0.54%	0.01%
DIS	A	0.21%	0.35%	0.21%
ECL	D	0.89%	0.62%	0.62%
EXEL	B	0.06%	0.55%	0.06%
GAP	C	0.02%	0.21%	0.02%
GEN	B	0.01%	0.14%	0.01%
GILD	B	0.83%	0.78%	0.78%
GL	B	0.02%	0.13%	0.02%
GOOGL	B	4.05%	2.08%	2.08%
HD	A	0.39%	1.28%	0.39%
IDXX	F	0.02%	0.1%	0.02%
INCY	B	0.11%	0.35%	0.11%
ITW	B	0.03%	0.14%	0.03%
JNJ	D	2.05%	0.71%	0.71%
JPM	A	0.71%	1.87%	0.71%
KLAC	F	0.04%	0.65%	0.04%
KR	B	0.23%	0.12%	0.12%
LLY	F	1.78%	0.85%	0.85%
LPLA	A	0.04%	0.11%	0.04%
LRCX	F	0.09%	0.25%	0.09%
MA	A	0.12%	1.36%	0.12%
MEDP	D	0.04%	0.33%	0.04%
MMC	C	0.12%	0.52%	0.12%
MMM	D	0.06%	0.19%	0.06%
MRK	F	1.57%	0.76%	0.76%
MSCI	A	0.01%	0.26%	0.01%
MSFT	D	2.29%	5.68%	2.29%
MSI	A	0.03%	0.43%	0.03%
MU	D	0.13%	0.69%	0.13%
NBIX	D	0.06%	0.07%	0.06%
NFLX	A	0.09%	1.24%	0.09%
NOW	B	0.02%	0.51%	0.02%
NSC	B	0.0%	0.09%	0.0%
NVDA	B	0.1%	7.69%	0.1%
ORCL	A	0.2%	0.04%	0.04%
PEP	F	0.38%	0.19%	0.19%
PFE	F	1.53%	0.43%	0.43%
PG	C	3.85%	0.77%	0.77%
PGR	B	0.21%	0.68%	0.21%
PPG	F	0.03%	0.33%	0.03%
PSA	C	0.01%	0.16%	0.01%
PYPL	A	0.09%	0.73%	0.09%
QCOM	F	0.15%	0.83%	0.15%
QRVO	F	0.01%	0.06%	0.01%
RSG	B	0.04%	0.23%	0.04%
SCHW	A	0.08%	0.74%	0.08%
SEIC	A	0.01%	0.55%	0.01%
SPG	A	0.03%	0.43%	0.03%
SPGI	C	0.03%	0.38%	0.03%
SQ	A	0.06%	0.61%	0.06%
SSNC	D	0.02%	0.38%	0.02%
SYK	A	1.16%	0.23%	0.23%
T	A	0.89%	0.68%	0.68%
TDC	F	0.01%	0.35%	0.01%
TJX	A	0.06%	0.71%	0.06%
TMO	D	0.79%	0.4%	0.4%
TMUS	A	0.42%	0.09%	0.09%
TNL	A	0.01%	0.04%	0.01%
TOL	B	0.05%	0.02%	0.02%
TPH	D	0.02%	0.18%	0.02%
TROW	A	0.04%	0.28%	0.04%
TRV	A	0.17%	0.25%	0.17%
TSLA	B	0.17%	1.18%	0.17%
UNH	B	0.92%	0.59%	0.59%
UNM	A	0.04%	0.09%	0.04%
UNP	D	0.02%	0.75%	0.02%
UTHR	B	0.09%	0.05%	0.05%
V	A	0.17%	0.63%	0.17%
VEEV	C	0.01%	0.04%	0.01%
VZ	C	0.87%	0.23%	0.23%
WM	B	0.06%	0.42%	0.06%
WMT	A	1.14%	0.81%	0.81%
ZBRA	B	0.03%	0.54%	0.03%

HKND Overweight 851 Positions Relative to FBUF

Symbol	Grade	Weight
DE	D	1.98%
MOS	D	1.74%
INTC	C	1.67%
CTVA	D	1.54%
ADM	D	1.36%
DELL	C	1.1%
CF	A	0.99%
GEHC	D	0.95%
LH	B	0.9%
HCA	D	0.9%
BAX	F	0.8%
HPQ	B	0.79%
BG	D	0.79%
BSX	B	0.75%
FMC	F	0.75%
AGCO	D	0.64%
VRTX	C	0.63%
DGX	A	0.61%
FDP	A	0.57%
INGR	B	0.55%
DHR	D	0.53%
SJM	F	0.48%
WFC	A	0.47%
IQV	F	0.45%
ZBH	C	0.45%
MCK	A	0.45%
REGN	F	0.43%
KVUE	A	0.42%
MS	A	0.4%
GS	A	0.35%
AWK	D	0.35%
CHD	A	0.35%
ISRG	A	0.34%
ELV	F	0.33%
CAG	F	0.33%
COR	B	0.33%
DD	D	0.32%
VLTO	D	0.32%
THC	C	0.32%
MDLZ	F	0.3%
CNC	F	0.29%
J	D	0.28%
EW	C	0.28%
SPB	C	0.28%
GIS	D	0.27%
FELE	B	0.26%
BBY	C	0.26%
HOLX	D	0.26%
K	B	0.26%
LOW	A	0.25%
IBM	D	0.25%
WBA	F	0.23%
AIG	B	0.23%
VTRS	A	0.23%
HUM	F	0.21%
HPE	B	0.21%
ALL	A	0.21%
CHTR	B	0.2%
MET	A	0.2%
MRNA	F	0.2%
RMD	C	0.2%
COF	A	0.19%
UHS	D	0.19%
SOLV	C	0.18%
DOW	F	0.18%
ZWS	B	0.18%
PRU	A	0.17%
TFX	F	0.15%
ENOV	C	0.15%
A	D	0.15%
DHI	D	0.15%
FSLR	F	0.15%
CTLT	C	0.14%
LEN	D	0.14%
JBL	C	0.14%
DXCM	C	0.13%
TGT	D	0.13%
HSIC	D	0.13%
USB	B	0.13%
LUMN	B	0.13%
AVTR	F	0.13%
RVTY	D	0.12%
RUN	F	0.12%
DVA	C	0.12%
CBRE	B	0.12%
IART	C	0.11%
ICUI	D	0.11%
GLW	B	0.11%
SEM	B	0.11%
ILMN	C	0.11%
AIZ	A	0.11%
TFC	A	0.1%
TXN	C	0.1%
BIO	C	0.1%
MASI	A	0.1%
HIG	C	0.1%
WDC	F	0.1%
ENPH	F	0.1%
RPRX	F	0.1%
TITN	C	0.1%
PNC	A	0.1%
WTRG	C	0.09%
LXU	C	0.09%
ACM	B	0.09%
FTRE	D	0.09%
MAN	F	0.09%
OGN	F	0.09%
CRL	D	0.09%
FLO	D	0.09%
AHCO	D	0.09%
KMB	C	0.09%
ALNY	D	0.09%
STT	B	0.09%
EMBC	C	0.08%
POST	D	0.08%
BKNG	A	0.08%
ITGR	B	0.08%
EHC	B	0.08%
CTSH	B	0.08%
PODD	A	0.08%
SYF	A	0.08%
RDNT	B	0.08%
AFL	C	0.08%
ALG	B	0.08%
MTD	F	0.08%
AMP	A	0.08%
KD	A	0.07%
WST	C	0.07%
CDW	F	0.07%
EQR	C	0.07%
SYY	D	0.07%
TECH	D	0.07%
BMRN	F	0.07%
WBD	B	0.07%
UAN	B	0.07%
PHM	D	0.07%
MOH	F	0.07%
CWT	C	0.07%
MMSI	A	0.07%
FNF	C	0.07%
DXC	C	0.07%
CPB	D	0.07%
WAT	B	0.07%
DFS	A	0.07%
GWW	A	0.06%
CMI	A	0.06%
HSY	F	0.06%
PFG	C	0.06%
VTR	C	0.06%
SRPT	F	0.06%
AYI	A	0.06%
MAR	A	0.06%
SNX	D	0.06%
IFF	D	0.06%
RGA	A	0.06%
GMED	A	0.06%
FOX	A	0.06%
HAE	A	0.06%
CRBG	B	0.06%
RJF	A	0.06%
AMD	F	0.06%
CNMD	C	0.06%
ACI	C	0.06%
FI	A	0.06%
AVB	A	0.06%
SMG	D	0.06%
ROKU	D	0.05%
OPK	B	0.05%
MKC	D	0.05%
SHW	B	0.05%
MAA	A	0.05%
LNC	A	0.05%
LBRDA	B	0.05%
JLL	C	0.05%
APH	B	0.05%
SJW	F	0.05%
SUI	D	0.05%
NVR	D	0.05%
OMC	C	0.05%
MKL	A	0.05%
WLK	F	0.05%
PEN	B	0.05%
EQH	B	0.05%
BRKR	F	0.05%
UNFI	A	0.05%
L	A	0.05%
EBAY	C	0.05%
GXO	B	0.05%
BERY	D	0.05%
SCSC	B	0.04%
BEN	C	0.04%
AZO	C	0.04%
LNTH	F	0.04%
CFG	A	0.04%
ORI	A	0.04%
FIS	B	0.04%
KEY	A	0.04%
EMR	A	0.04%
ADI	D	0.04%
MTB	A	0.04%
HUN	F	0.04%
AJG	A	0.04%
OMI	F	0.04%
RVMD	B	0.04%
ORLY	A	0.04%
NOVT	D	0.04%
TMHC	B	0.04%
PH	A	0.04%
SWK	F	0.04%
TDS	B	0.04%
GPC	D	0.04%
ESS	A	0.04%
CR	A	0.04%
ITCI	B	0.04%
TTC	D	0.04%
WMG	B	0.04%
AVNS	F	0.04%
MD	B	0.04%
WRB	A	0.04%
JEF	A	0.04%
VKTX	F	0.04%
AWR	B	0.04%
KLG	F	0.04%
NTRS	A	0.04%
FYBR	C	0.04%
ALLY	C	0.04%
FITB	A	0.04%
EXAS	F	0.04%
FAF	C	0.04%
INVH	D	0.04%
EXPE	A	0.04%
PCVX	D	0.04%
WHR	A	0.04%
THG	A	0.03%
NSP	F	0.03%
ARW	D	0.03%
NUVL	D	0.03%
GNW	A	0.03%
WTS	A	0.03%
EL	F	0.03%
WELL	A	0.03%
MDGL	C	0.03%
OPCH	F	0.03%
MTH	D	0.03%
JXN	B	0.03%
NEO	C	0.03%
CSL	B	0.03%
CHWY	B	0.03%
REZI	A	0.03%
TNDM	F	0.03%
KBH	D	0.03%
INTU	A	0.03%
SF	A	0.03%
ON	F	0.03%
VOYA	A	0.03%
RKT	F	0.03%
MIDD	D	0.03%
SMMT	D	0.03%
FAST	B	0.03%
HALO	D	0.03%
ENSG	D	0.03%
CPT	D	0.03%
AMRX	C	0.03%
AMH	C	0.03%
CYTK	D	0.03%
FLGT	F	0.03%
RS	B	0.03%
ELS	A	0.03%
IONS	F	0.03%
HBAN	A	0.03%
NWS	A	0.03%
ENR	A	0.03%
OFIX	B	0.03%
ICE	C	0.03%
KDP	D	0.03%
GME	C	0.03%
UPS	C	0.03%
DAR	B	0.03%
IT	B	0.03%
VYX	C	0.03%
AFG	A	0.03%
CG	B	0.03%
IRDM	C	0.03%
IPG	F	0.03%
SANM	B	0.03%
UDR	C	0.03%
LKQ	D	0.03%
NTAP	D	0.03%
CNXN	D	0.03%
APO	A	0.03%
SGRY	F	0.03%
GPN	B	0.03%
LYV	A	0.03%
RHI	B	0.03%
LNN	B	0.03%
IVZ	B	0.03%
RF	A	0.03%
BPMC	D	0.03%
SNEX	A	0.03%
ULTA	D	0.02%
PANW	B	0.02%
SCI	B	0.02%
VRT	A	0.02%
XRAY	F	0.02%
MSEX	B	0.02%
FHN	A	0.02%
GH	B	0.02%
NATL	B	0.02%
ARES	B	0.02%
SEE	B	0.02%
EVR	A	0.02%
VIR	C	0.02%
BXP	D	0.02%
ZION	A	0.02%
HST	D	0.02%
AAP	D	0.02%
UTZ	D	0.02%
GKOS	B	0.02%
AMPH	F	0.02%
JANX	C	0.02%
AVT	C	0.02%
AXSM	B	0.02%
ATR	B	0.02%
TTEK	D	0.02%
WCC	A	0.02%
PCRX	C	0.02%
R	A	0.02%
SRRK	C	0.02%
FOLD	F	0.02%
ADTN	A	0.02%
CENTA	C	0.02%
SNPS	C	0.02%
ALIT	C	0.02%
ACAD	C	0.02%
SMPL	B	0.02%
INSM	D	0.02%
EWTX	C	0.02%
COOP	B	0.02%
MRVL	B	0.02%
BKD	F	0.02%
ESAB	B	0.02%
CCS	F	0.02%
PLXS	B	0.02%
APLS	F	0.02%
BHF	A	0.02%
RARE	F	0.02%
IOVA	D	0.02%
SWKS	F	0.02%
CMA	A	0.02%
MCY	A	0.02%
DKS	D	0.02%
BR	A	0.02%
TSCO	D	0.02%
KRYS	D	0.02%
ATEC	C	0.02%
ADV	F	0.02%
PFSI	D	0.02%
MHO	D	0.02%
DOX	D	0.02%
OTIS	D	0.02%
MAS	D	0.02%
IBKR	A	0.02%
TNET	F	0.02%
ENTG	F	0.02%
HAIN	F	0.02%
CRNX	C	0.02%
CCI	D	0.02%
PTCT	B	0.02%
AORT	B	0.02%
EA	A	0.02%
NWL	B	0.02%
NDAQ	A	0.02%
THS	F	0.02%
AMKR	F	0.02%
ROK	A	0.02%
APD	A	0.02%
BRO	B	0.02%
LECO	C	0.02%
OMF	A	0.02%
TPG	B	0.02%
LILAK	F	0.02%
AZTA	F	0.02%
BLDR	D	0.02%
XRX	F	0.02%
DLR	A	0.02%
JJSF	C	0.02%
ZG	A	0.02%
EME	B	0.02%
COMP	B	0.02%
GFS	C	0.02%
PAYX	B	0.02%
PWR	A	0.02%
KELYA	F	0.02%
SIRI	C	0.02%
WU	F	0.02%
WMS	F	0.02%
CHE	D	0.02%
KMPR	A	0.02%
HWKN	C	0.02%
WSO	A	0.02%
ROST	D	0.02%
TWI	F	0.02%
HLT	A	0.02%
ATRC	C	0.02%
MMS	D	0.02%
PLD	D	0.02%
BBIO	F	0.02%
OPEN	F	0.02%
CORT	B	0.02%
EQIX	B	0.02%
ABM	B	0.02%
MCHP	F	0.02%
AMED	F	0.02%
USM	B	0.02%
MCO	C	0.02%
PCTY	B	0.01%
YORW	D	0.01%
SONO	C	0.01%
POOL	D	0.01%
USPH	C	0.01%
VCTR	B	0.01%
SFNC	B	0.01%
ACHC	F	0.01%
UBSI	A	0.01%
EOLS	F	0.01%
TRIP	D	0.01%
URBN	C	0.01%
ABCB	A	0.01%
ONB	B	0.01%
NYT	D	0.01%
SIBN	D	0.01%
CGEM	F	0.01%
AEO	F	0.01%
PLAY	C	0.01%
MIRM	A	0.01%
IEX	B	0.01%
VZIO	A	0.01%
OCUL	C	0.01%
BKU	A	0.01%
LFST	C	0.01%
REG	A	0.01%
DLB	D	0.01%
VSAT	F	0.01%
BCRX	D	0.01%
GMS	A	0.01%
PJT	A	0.01%
FIVE	F	0.01%
MAT	C	0.01%
KE	C	0.01%
DYN	F	0.01%
NX	C	0.01%
CMC	B	0.01%
BRX	A	0.01%
FOUR	B	0.01%
CCRN	F	0.01%
WTM	A	0.01%
GTES	B	0.01%
TYL	B	0.01%
FRPT	B	0.01%
WH	A	0.01%
FLS	A	0.01%
ELVN	C	0.01%
CVCO	B	0.01%
PLUS	F	0.01%
MC	A	0.01%
KIDS	F	0.01%
MTN	C	0.01%
APAM	A	0.01%
WGO	C	0.01%
PII	F	0.01%
IRTC	C	0.01%
DORM	B	0.01%
SSB	A	0.01%
PB	A	0.01%
ANSS	B	0.01%
DIOD	F	0.01%
SYNA	C	0.01%
SANA	F	0.01%
SATS	D	0.01%
KURA	F	0.01%
HAS	D	0.01%
ACT	C	0.01%
GRBK	D	0.01%
PRLB	B	0.01%
LBPH	A	0.01%
VRDN	C	0.01%
WPC	D	0.01%
KFRC	D	0.01%
SFM	A	0.01%
CADE	A	0.01%
LFUS	D	0.01%
TOST	A	0.01%
APG	C	0.01%
HWC	A	0.01%
FICO	A	0.01%
RLI	A	0.01%
OZK	A	0.01%
SSYS	B	0.01%
UCTT	F	0.01%
HGV	B	0.01%
ACIW	B	0.01%
FNA	B	0.01%
DAWN	D	0.01%
WD	D	0.01%
BXC	B	0.01%
TCBI	A	0.01%
AVO	B	0.01%
FNB	A	0.01%
VNT	B	0.01%
FIX	A	0.01%
UI	A	0.01%
ASB	A	0.01%
FG	A	0.01%
HURN	B	0.01%
LCII	D	0.01%
XYL	D	0.01%
SKY	A	0.01%
NTLA	F	0.01%
CBSH	A	0.01%
HMN	A	0.01%
UMBF	A	0.01%
PSTG	F	0.01%
KNF	B	0.01%
CNM	F	0.01%
PRG	A	0.01%
SNA	A	0.01%
MTG	C	0.01%
FDS	A	0.01%
RDN	C	0.01%
PIPR	A	0.01%
BRC	C	0.01%
IMVT	D	0.01%
VRSN	D	0.01%
CRVL	B	0.01%
HTH	B	0.01%
IPGP	D	0.01%
PTGX	D	0.01%
MDXG	A	0.01%
ASIX	B	0.01%
CXT	D	0.01%
KWR	C	0.01%
BEAM	D	0.01%
MTCH	F	0.01%
IOSP	C	0.01%
IRT	A	0.01%
PNFP	A	0.01%
TRUP	A	0.01%
AKRO	C	0.01%
MSM	C	0.01%
SBAC	D	0.01%
UPBD	B	0.01%
RYAN	A	0.01%
ENS	D	0.01%
UNF	A	0.01%
AXNX	A	0.01%
DAY	B	0.01%
CABO	B	0.01%
SBH	A	0.01%
IR	A	0.01%
WBS	A	0.01%
RCM	A	0.01%
CFR	A	0.01%
ADMA	C	0.01%
FND	F	0.01%
GSAT	B	0.01%
RCKT	F	0.01%
MYGN	F	0.01%
IAC	D	0.01%
JKHY	D	0.01%
LANC	D	0.01%
EXLS	B	0.01%
ANIP	D	0.01%
MNKD	B	0.01%
SNDX	D	0.01%
UWMC	F	0.01%
AGIO	B	0.01%
SXT	C	0.01%
VLY	A	0.01%
CC	C	0.01%
TNC	F	0.01%
MORN	B	0.01%
JBSS	F	0.01%
COIN	A	0.01%
SITE	D	0.01%
LAMR	D	0.01%
EVH	F	0.01%
AOS	F	0.01%
NVAX	F	0.01%
COLL	F	0.01%
TDOC	C	0.01%
APP	A	0.01%
AGL	F	0.01%
AIV	C	0.01%
BECN	B	0.01%
RXRX	F	0.01%
NGVT	B	0.01%
CE	F	0.01%
INVA	C	0.01%
FHI	A	0.01%
TVTX	B	0.01%
HLI	A	0.01%
CLDX	F	0.01%
ADUS	D	0.01%
DOC	D	0.01%
FL	F	0.01%
ARDX	F	0.01%
CRSR	C	0.01%
HRB	D	0.01%
GERN	F	0.01%
DFH	F	0.01%
KEX	A	0.01%
PAYC	B	0.01%
ARE	D	0.01%
IDT	B	0.01%
UHAL	D	0.01%
WTFC	A	0.01%
AXTA	A	0.01%
O	D	0.01%
PINC	B	0.01%
TGNA	B	0.01%
TEX	D	0.01%
NMRK	B	0.01%
TTWO	A	0.01%
FTV	D	0.01%
HRMY	D	0.01%
ERIE	F	0.01%
BURL	C	0.01%
BCC	B	0.01%
WAL	A	0.01%
KFY	B	0.01%
EXPI	C	0.01%
CDNS	B	0.01%
BOKF	A	0.01%
HUBB	B	0.01%
RNA	C	0.01%
NHC	B	0.01%
ASTH	F	0.01%
LMAT	B	0.01%
CGON	D	0.01%
ALB	C	0.01%
KIM	A	0.01%
STGW	B	0.01%
CPRX	C	0.01%
ICFI	F	0.01%
UFPI	C	0.01%
KO	D	0.01%
NSIT	F	0.01%
BGC	B	0.01%
IDYA	F	0.01%
IRM	D	0.01%
KEYS	C	0.01%
PBH	A	0.01%
TTMI	B	0.01%
H	B	0.01%
DVAX	C	0.01%
EMN	C	0.01%
CSTL	C	0.01%
FCNCA	A	0.01%
CNXC	F	0.01%
TRMB	A	0.01%
TER	F	0.01%
IRWD	D	0.01%
ARVN	D	0.01%
TARS	B	0.01%
XNCR	B	0.01%
BZH	B	0.01%
ASH	F	0.01%
LGND	B	0.01%
VCEL	A	0.01%
SPTN	F	0.01%
LGF.A	F	0.01%
VSH	F	0.01%
RRX	B	0.01%
HOV	F	0.01%
TWST	F	0.01%
KYMR	C	0.01%
CLH	C	0.01%
VNO	B	0.01%
CSGP	F	0.01%
PDCO	F	0.01%
CNO	A	0.01%
ESI	B	0.01%
HHH	B	0.01%
SMCI	F	0.01%
PRVA	B	0.01%
GNRC	B	0.01%
BC	D	0.01%
SNV	A	0.01%
FFIV	B	0.01%
BGS	F	0.01%
ADSK	B	0.01%
NTRA	B	0.01%
RYTM	C	0.01%
TRU	D	0.01%
VAC	B	0.01%
AMN	F	0.01%
RGEN	D	0.01%
ASGN	D	0.01%
NVST	C	0.01%
SWTX	C	0.01%
EWBC	A	0.01%
FDX	A	0.01%
CNDT	B	0.01%
AMG	A	0.01%
BHE	B	0.01%
CIEN	B	0.01%
EEFT	C	0.01%
GT	C	0.01%
DOV	A	0.01%
THO	B	0.01%
KROS	C	0.01%
INSP	F	0.01%
NARI	C	0.01%
EPAM	B	0.01%
UFPT	C	0.01%
GDDY	A	0.01%
LGIH	F	0.01%
COHR	B	0.01%
VERA	B	0.01%
NXST	D	0.01%
MRVI	F	0.01%
VRSK	B	0.01%
AIT	A	0.01%
JNPR	D	0.01%
ROP	C	0.01%
WDAY	B	0.01%
TGTX	B	0.01%
FTNT	A	0.01%
URI	B	0.01%
AKAM	F	0.01%
ABNB	C	0.01%
ARWR	D	0.01%
TXG	F	0.01%
SUPN	B	0.01%
STC	A	0.01%
ACLX	C	0.01%
ALGN	D	0.01%
EDR	A	0.01%
BCO	F	0.01%
AMRK	F	0.01%
DNLI	C	0.01%
SIGI	A	0.01%
FCN	F	0.01%
EFX	F	0.01%
SCLX	F	0.0%
VIRT	A	0.0%
OABI	D	0.0%
ABUS	D	0.0%
ANAB	F	0.0%
BLFS	C	0.0%
CELC	F	0.0%
PRME	F	0.0%
STOK	D	0.0%
QTRX	D	0.0%
ABSI	F	0.0%
ORIC	D	0.0%
SVRA	F	0.0%
ALT	C	0.0%
NUVB	C	0.0%
FORM	F	0.0%
CTKB	C	0.0%
ALGM	F	0.0%
OLMA	F	0.0%
LYEL	D	0.0%
SIGA	F	0.0%
MNMD	B	0.0%
ALEC	F	0.0%
PLAB	D	0.0%
DFIN	D	0.0%
LQDA	F	0.0%
OSCR	F	0.0%
WAFD	A	0.0%
WSFS	A	0.0%
MSGS	B	0.0%
UCB	A	0.0%
RLAY	F	0.0%
GIC	F	0.0%
NDSN	B	0.0%
TW	B	0.0%
TYRA	F	0.0%
ARCT	F	0.0%
PHAT	F	0.0%
FDMT	F	0.0%
ZEUS	C	0.0%
COGT	D	0.0%
BSY	D	0.0%
COLB	A	0.0%
REYN	D	0.0%
YMAB	D	0.0%
SAVA	C	0.0%
PGNY	F	0.0%
MMI	A	0.0%
HZO	F	0.0%
CRAI	B	0.0%
GOLF	A	0.0%
SAFT	A	0.0%
GGG	A	0.0%
APLT	C	0.0%
STEP	A	0.0%
AEIS	B	0.0%
NVEE	F	0.0%
CNS	B	0.0%
IMNM	F	0.0%
CNA	C	0.0%
ONTO	F	0.0%
COTY	F	0.0%
MLI	B	0.0%
FHB	A	0.0%
ARQT	D	0.0%
AZZ	B	0.0%
MODG	F	0.0%
IBP	F	0.0%
CBT	C	0.0%
TKR	F	0.0%
HOMB	A	0.0%
RGNX	F	0.0%
ETNB	D	0.0%
ITRI	B	0.0%
CATY	A	0.0%
SAGE	F	0.0%
IRON	C	0.0%
TTD	B	0.0%
HSII	B	0.0%
CBZ	B	0.0%
EYPT	D	0.0%
CHH	A	0.0%
MLYS	D	0.0%
MPWR	F	0.0%
TKO	C	0.0%
NRIX	C	0.0%
SPRY	C	0.0%
RCUS	F	0.0%
PLRX	D	0.0%
UVE	A	0.0%
SCHL	F	0.0%
UFCS	A	0.0%
GBCI	A	0.0%
TMCI	C	0.0%
ROG	D	0.0%
FRT	B	0.0%
FULT	A	0.0%
DCI	B	0.0%
ITT	A	0.0%
PNTG	D	0.0%
CARR	D	0.0%
BBSI	A	0.0%
PTC	B	0.0%
SLAB	F	0.0%
CTS	B	0.0%
VCYT	B	0.0%
EXR	C	0.0%

HKND Underweight 47 Positions Relative to FBUF

Symbol	Grade	Weight
META	C	-3.01%
BRK.A	A	-2.14%
GOOG	B	-1.93%
XOM	B	-1.54%
PM	A	-0.87%
NEE	C	-0.79%
LMT	D	-0.74%
TT	A	-0.67%
NOC	D	-0.65%
ZM	B	-0.59%
CAT	B	-0.53%
TXT	D	-0.52%
CVNA	A	-0.52%
DVN	F	-0.51%
GE	D	-0.49%
IGT	F	-0.49%
CMG	B	-0.48%
GRMN	B	-0.45%
HWM	A	-0.42%
PCAR	B	-0.39%
LDOS	C	-0.38%
NUE	D	-0.37%
F	C	-0.32%
UBER	C	-0.32%
SKYW	A	-0.31%
EOG	A	-0.29%
RTX	D	-0.28%
MGM	D	-0.23%
LHX	B	-0.22%
CACI	C	-0.21%
ALRM	C	-0.19%
LNW	D	-0.17%
ETN	A	-0.16%
ALLE	D	-0.15%
OXY	F	-0.14%
VST	A	-0.13%
AON	A	-0.12%
WTW	B	-0.11%
DASH	A	-0.11%
DOCU	A	-0.1%
ED	D	-0.1%
LYFT	B	-0.09%
NRG	B	-0.09%
TWLO	A	-0.09%
PLTK	A	-0.07%
CVX	A	-0.02%
PEGA	B	-0.02%