HKND vs. IMCB ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to iShares Morningstar Mid-Cap ETF (IMCB)

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

$32.61

Average Daily Volume

3,829

Number of Holdings ^*

952

* may have additional holdings in another (foreign) market

IMCB

iShares Morningstar Mid-Cap ETF

IMCB Description

IMCB is a passively-managed portfolio that offers exposure to a blend of growth and value stocks in the US mid-cap space. Stocks are selected based on Morningstars index methodology that uses fundamental factors. This methodology identifies growth securities as those with relatively above-average historical and forecasted earnings, sales, equity, and cash flow growth, while value securities as those with relatively low valuations based on price-to-book ratios, price-to-earnings ratios and other factors. The underlying index is reconstituted twice annually and rebalanced quarterly. Prior to March 19, 2021, the fund tracked the Morningstar US Mid Core Index under the ticker JKG.

Grade (RS Rating)

Last Trade

$75.22

Average Daily Volume

32,057

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

Performance

Period	HKND	IMCB
30 Days	-1.69%	1.85%
60 Days	3.08%	6.70%
90 Days	4.68%	7.61%
12 Months	22.78%	29.20%

275 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in IMCB	Overlap
A	B	0.15%	0.4%	0.15%
ACI	F	0.06%	0.07%	0.06%
ACM	A	0.08%	0.13%	0.08%
ADM	F	1.55%	0.26%	0.26%
ADSK	C	0.01%	0.53%	0.01%
AFG	B	0.03%	0.09%	0.03%
AFL	A	0.08%	0.51%	0.08%
AIG	F	0.22%	0.44%	0.22%
AKAM	D	0.01%	0.14%	0.01%
ALB	D	0.01%	0.1%	0.01%
ALGN	D	0.02%	0.17%	0.02%
ALL	C	0.21%	0.45%	0.21%
ALLY	F	0.04%	0.09%	0.04%
ALNY	C	0.1%	0.32%	0.1%
AME	D	0.01%	0.36%	0.01%
AMH	D	0.03%	0.11%	0.03%
AMP	A	0.07%	0.43%	0.07%
ANSS	D	0.01%	0.26%	0.01%
AOS	B	0.01%	0.1%	0.01%
APP	A	0.01%	0.24%	0.01%
ARE	D	0.01%	0.17%	0.01%
ARES	A	0.01%	0.27%	0.01%
AVB	C	0.06%	0.29%	0.06%
AVTR	D	0.15%	0.16%	0.15%
AWK	C	0.37%	0.26%	0.26%
AZO	D	0.04%	0.5%	0.04%
BAX	D	0.86%	0.18%	0.18%
BBY	C	0.28%	0.18%	0.18%
BEN	F	0.03%	0.05%	0.03%
BG	F	0.9%	0.13%	0.13%
BIIB	F	0.29%	0.26%	0.26%
BK	C	0.11%	0.48%	0.11%
BLDR	B	0.02%	0.22%	0.02%
BMRN	F	0.07%	0.12%	0.07%
BR	B	0.02%	0.23%	0.02%
BRKR	D	0.06%	0.06%	0.06%
BRO	A	0.02%	0.23%	0.02%
BSY	D	0.0%	0.06%	0.0%
BURL	D	0.01%	0.15%	0.01%
BXP	C	0.02%	0.12%	0.02%
CAG	D	0.36%	0.14%	0.14%
CAH	B	0.3%	0.25%	0.25%
CARR	B	0.01%	0.62%	0.01%
CBRE	B	0.11%	0.34%	0.11%
CCI	C	0.02%	0.46%	0.02%
CDW	D	0.08%	0.28%	0.08%
CE	C	0.01%	0.14%	0.01%
CF	A	0.97%	0.14%	0.14%
CFG	D	0.03%	0.17%	0.03%
CG	B	0.03%	0.09%	0.03%
CHD	D	0.35%	0.24%	0.24%
CHTR	D	0.17%	0.3%	0.17%
CINF	B	0.04%	0.19%	0.04%
CLH	C	0.01%	0.11%	0.01%
CLX	C	0.24%	0.19%	0.19%
CMI	A	0.05%	0.41%	0.05%
CNC	F	0.33%	0.36%	0.33%
CNM	F	0.01%	0.08%	0.01%
COF	C	0.17%	0.52%	0.17%
COIN	F	0.01%	0.35%	0.01%
COTY	F	0.01%	0.03%	0.01%
CPB	D	0.08%	0.09%	0.08%
CPT	C	0.03%	0.12%	0.03%
CRL	F	0.09%	0.09%	0.09%
CSGP	F	0.01%	0.28%	0.01%
CSL	A	0.03%	0.19%	0.03%
CTSH	B	0.08%	0.35%	0.08%
CTVA	A	1.44%	0.37%	0.37%
DAY	B	0.01%	0.09%	0.01%
DD	C	0.33%	0.34%	0.33%
DELL	C	0.98%	0.29%	0.29%
DFS	C	0.07%	0.32%	0.07%
DGX	C	0.6%	0.16%	0.16%
DHI	C	0.16%	0.52%	0.16%
DKS	D	0.02%	0.11%	0.02%
DLR	C	0.02%	0.48%	0.02%
DOC	C	0.01%	0.15%	0.01%
DOV	B	0.01%	0.24%	0.01%
DOW	B	0.21%	0.35%	0.21%
DVA	C	0.13%	0.07%	0.07%
DXCM	F	0.12%	0.25%	0.12%
EA	D	0.02%	0.32%	0.02%
EBAY	A	0.06%	0.3%	0.06%
EFX	C	0.02%	0.33%	0.02%
EL	D	0.04%	0.21%	0.04%
ELS	D	0.03%	0.12%	0.03%
EME	C	0.02%	0.18%	0.02%
EMN	C	0.01%	0.12%	0.01%
ENPH	F	0.13%	0.14%	0.13%
ENTG	D	0.02%	0.16%	0.02%
EPAM	F	0.01%	0.1%	0.01%
EQH	C	0.05%	0.11%	0.05%
EQR	C	0.07%	0.23%	0.07%
ERIE	B	0.01%	0.13%	0.01%
ESS	D	0.04%	0.17%	0.04%
EW	F	0.28%	0.37%	0.28%
EXAS	C	0.04%	0.11%	0.04%
EXPE	B	0.04%	0.17%	0.04%
EXR	C	0.01%	0.34%	0.01%
FAST	C	0.03%	0.37%	0.03%
FCNCA	D	0.01%	0.21%	0.01%
FDS	C	0.01%	0.16%	0.01%
FFIV	B	0.01%	0.12%	0.01%
FICO	A	0.01%	0.43%	0.01%
FIS	B	0.03%	0.43%	0.03%
FITB	C	0.04%	0.27%	0.04%
FIX	B	0.01%	0.13%	0.01%
FND	C	0.01%	0.12%	0.01%
FNF	B	0.07%	0.14%	0.07%
FOX	A	0.06%	0.05%	0.05%
FSLR	C	0.18%	0.24%	0.18%
FTNT	B	0.01%	0.46%	0.01%
FTV	C	0.01%	0.26%	0.01%
GDDY	D	0.01%	0.19%	0.01%
GEHC	C	0.99%	0.33%	0.33%
GGG	C	0.0%	0.14%	0.0%
GIS	C	0.3%	0.38%	0.3%
GLW	C	0.1%	0.32%	0.1%
GPC	D	0.05%	0.18%	0.05%
GPN	F	0.03%	0.24%	0.03%
GWW	B	0.05%	0.42%	0.05%
HBAN	D	0.03%	0.19%	0.03%
HIG	B	0.1%	0.32%	0.1%
HLT	B	0.02%	0.53%	0.02%
HOLX	D	0.26%	0.17%	0.17%
HPE	B	0.21%	0.24%	0.21%
HPQ	B	0.76%	0.32%	0.32%
HST	D	0.02%	0.12%	0.02%
HSY	F	0.06%	0.26%	0.06%
HUBB	B	0.01%	0.21%	0.01%
HUM	F	0.25%	0.35%	0.25%
IBKR	A	0.02%	0.13%	0.02%
IDXX	D	0.02%	0.39%	0.02%
IEX	D	0.01%	0.15%	0.01%
IFF	C	0.06%	0.25%	0.06%
ILMN	B	0.09%	0.19%	0.09%
INCY	B	0.09%	0.1%	0.09%
INVH	F	0.05%	0.18%	0.05%
IPG	D	0.03%	0.11%	0.03%
IQV	F	0.49%	0.39%	0.39%
IR	B	0.01%	0.36%	0.01%
IRM	A	0.01%	0.31%	0.01%
IT	B	0.03%	0.36%	0.03%
J	F	0.31%	0.18%	0.18%
JBL	C	0.14%	0.12%	0.12%
JKHY	A	0.01%	0.12%	0.01%
JNPR	B	0.01%	0.12%	0.01%
K	A	0.26%	0.2%	0.2%
KDP	C	0.04%	0.37%	0.04%
KEY	C	0.04%	0.14%	0.04%
KEYS	C	0.01%	0.25%	0.01%
KIM	C	0.01%	0.14%	0.01%
KMB	D	0.1%	0.44%	0.1%
KR	C	0.22%	0.35%	0.22%
KVUE	C	0.42%	0.37%	0.37%
L	D	0.05%	0.13%	0.05%
LECO	F	0.02%	0.1%	0.02%
LEN	B	0.14%	0.02%	0.02%
LEN	B	0.14%	0.41%	0.14%
LKQ	F	0.04%	0.1%	0.04%
LPLA	C	0.04%	0.16%	0.04%
LYV	B	0.03%	0.15%	0.03%
MAA	D	0.05%	0.17%	0.05%
MAS	A	0.02%	0.17%	0.02%
MCHP	F	0.03%	0.39%	0.03%
MEDP	F	0.04%	0.08%	0.04%
MKC	C	0.05%	0.19%	0.05%
MKL	C	0.05%	0.18%	0.05%
MOH	D	0.07%	0.18%	0.07%
MORN	C	0.01%	0.08%	0.01%
MOS	F	1.66%	0.08%	0.08%
MPWR	B	0.01%	0.39%	0.01%
MRNA	F	0.25%	0.2%	0.2%
MSCI	B	0.01%	0.42%	0.01%
MTB	C	0.03%	0.27%	0.03%
MTD	B	0.09%	0.29%	0.09%
NBIX	F	0.06%	0.11%	0.06%
NDAQ	B	0.02%	0.26%	0.02%
NDSN	C	0.0%	0.12%	0.0%
NSC	D	0.0%	0.51%	0.0%
NTAP	D	0.03%	0.23%	0.03%
NTRA	B	0.01%	0.14%	0.01%
NTRS	C	0.04%	0.17%	0.04%
NVR	B	0.05%	0.27%	0.05%
NWS	D	0.03%	0.03%	0.03%
O	A	0.01%	0.5%	0.01%
OMC	C	0.05%	0.18%	0.05%
ON	F	0.03%	0.29%	0.03%
OTIS	A	0.02%	0.39%	0.02%
PAYC	D	0.01%	0.08%	0.01%
PAYX	A	0.02%	0.4%	0.02%
PFG	C	0.06%	0.19%	0.06%
PHM	A	0.08%	0.28%	0.08%
PODD	C	0.08%	0.15%	0.08%
POOL	B	0.01%	0.13%	0.01%
PPG	D	0.04%	0.29%	0.04%
PRU	C	0.17%	0.4%	0.17%
PSA	C	0.01%	0.52%	0.01%
PSTG	F	0.01%	0.14%	0.01%
PTC	D	0.0%	0.2%	0.0%
PWR	B	0.02%	0.4%	0.02%
QRVO	F	0.01%	0.09%	0.01%
REG	C	0.01%	0.11%	0.01%
RF	C	0.03%	0.19%	0.03%
RGA	C	0.06%	0.13%	0.06%
RJF	B	0.05%	0.21%	0.05%
RMD	C	0.2%	0.32%	0.2%
ROK	C	0.02%	0.28%	0.02%
ROST	D	0.02%	0.45%	0.02%
RPRX	D	0.11%	0.1%	0.1%
RRX	C	0.01%	0.1%	0.01%
RS	D	0.03%	0.15%	0.03%
SBAC	C	0.01%	0.24%	0.01%
SCI	D	0.01%	0.1%	0.01%
SJM	D	0.5%	0.12%	0.12%
SMCI	F	0.02%	0.19%	0.02%
SNA	A	0.01%	0.14%	0.01%
SNX	D	0.06%	0.05%	0.05%
SOLV	C	0.16%	0.09%	0.09%
SPG	A	0.03%	0.47%	0.03%
SQ	D	0.05%	0.34%	0.05%
SRPT	F	0.06%	0.1%	0.06%
SSNC	C	0.02%	0.15%	0.02%
STT	C	0.09%	0.24%	0.09%
SUI	D	0.05%	0.16%	0.05%
SWK	C	0.04%	0.15%	0.04%
SWKS	F	0.02%	0.15%	0.02%
SYF	B	0.07%	0.18%	0.07%
SYY	D	0.07%	0.35%	0.07%
TECH	D	0.07%	0.12%	0.07%
TER	C	0.01%	0.19%	0.01%
TFC	D	0.1%	0.52%	0.1%
TFX	C	0.18%	0.11%	0.11%
THC	D	0.31%	0.15%	0.15%
TOL	A	0.05%	0.15%	0.05%
TRMB	B	0.01%	0.14%	0.01%
TROW	D	0.04%	0.22%	0.04%
TRU	A	0.01%	0.18%	0.01%
TRV	C	0.16%	0.49%	0.16%
TSCO	B	0.02%	0.28%	0.02%
TTD	A	0.0%	0.45%	0.0%
TTEK	A	0.02%	0.11%	0.02%
TTWO	F	0.01%	0.23%	0.01%
TW	A	0.0%	0.13%	0.0%
TYL	B	0.01%	0.22%	0.01%
UDR	C	0.03%	0.12%	0.03%
UHAL	B	0.01%	0.07%	0.01%
UHAL	B	0.01%	0.01%	0.01%
UHS	D	0.21%	0.13%	0.13%
ULTA	D	0.02%	0.18%	0.02%
UNM	A	0.04%	0.08%	0.04%
URI	C	0.01%	0.5%	0.01%
UTHR	C	0.08%	0.13%	0.08%
VEEV	C	0.01%	0.29%	0.01%
VLTO	A	0.34%	0.24%	0.24%
VRSK	C	0.01%	0.35%	0.01%
VRSN	B	0.01%	0.15%	0.01%
VRT	B	0.01%	0.33%	0.01%
VTR	C	0.06%	0.24%	0.06%
VTRS	D	0.23%	0.13%	0.13%
WAT	B	0.07%	0.19%	0.07%
WBA	F	0.21%	0.06%	0.06%
WBD	D	0.07%	0.17%	0.07%
WDAY	D	0.01%	0.47%	0.01%
WDC	C	0.1%	0.21%	0.1%
WLK	C	0.06%	0.05%	0.05%
WMS	D	0.02%	0.1%	0.02%
WPC	C	0.01%	0.13%	0.01%
WRB	C	0.04%	0.16%	0.04%
WSO	C	0.02%	0.16%	0.02%
WST	D	0.06%	0.21%	0.06%
WTRG	D	0.08%	0.09%	0.08%
XYL	C	0.01%	0.3%	0.01%
ZBH	F	0.44%	0.2%	0.2%
ZBRA	C	0.03%	0.17%	0.03%

HKND Overweight 679 Positions Relative to IMCB

Symbol	Grade	Weight
PG	D	4.0%
GOOGL	B	3.88%
MSFT	D	2.37%
AAPL	C	2.16%
JNJ	D	2.07%
DE	B	2.05%
LLY	D	1.93%
ABBV	B	1.9%
MRK	F	1.74%
INTC	D	1.7%
PFE	D	1.58%
CL	D	1.33%
BDX	C	1.14%
SYK	C	1.12%
WMT	A	1.08%
ABT	C	1.06%
CI	D	1.06%
AMGN	D	1.04%
HCA	C	0.98%
VZ	B	0.94%
UNH	B	0.94%
BMY	B	0.91%
ECL	B	0.9%
T	A	0.87%
TMO	D	0.86%
FMC	C	0.78%
GILD	A	0.77%
BSX	A	0.72%
AGCO	D	0.7%
CMCSA	C	0.68%
JPM	D	0.67%
AMZN	C	0.6%
DHR	D	0.58%
VRTX	D	0.57%
REGN	D	0.54%
FDP	C	0.5%
BAC	D	0.5%
INGR	B	0.49%
CVS	C	0.48%
MCK	F	0.42%
WFC	F	0.41%
C	C	0.4%
ELV	F	0.4%
PEP	F	0.39%
HD	A	0.39%
TMUS	A	0.38%
MS	B	0.35%
GS	D	0.33%
MDLZ	D	0.32%
ISRG	C	0.31%
SPB	C	0.29%
FELE	C	0.26%
IBM	A	0.26%
LOW	A	0.24%
DIS	D	0.21%
MET	B	0.21%
AXP	B	0.21%
PGR	C	0.21%
ORCL	C	0.2%
TSLA	C	0.18%
ZWS	A	0.17%
CSCO	A	0.17%
AMAT	B	0.16%
ENOV	F	0.15%
QCOM	C	0.15%
V	C	0.15%
HSIC	D	0.14%
CTLT	A	0.14%
RUN	D	0.13%
MU	D	0.13%
TGT	D	0.13%
AIZ	B	0.12%
AVGO	C	0.12%
USB	D	0.12%
MMC	D	0.12%
LUMN	C	0.12%
ICUI	C	0.11%
BLK	A	0.11%
TITN	F	0.11%
AHCO	D	0.11%
MA	A	0.11%
LRCX	D	0.1%
TXN	C	0.1%
MAN	D	0.1%
FTRE	F	0.1%
SEM	D	0.1%
PNC	C	0.1%
OGN	F	0.1%
COST	C	0.1%
MASI	B	0.09%
BIO	B	0.09%
NVDA	B	0.09%
PYPL	C	0.09%
FLO	D	0.09%
ITGR	C	0.08%
ALG	F	0.08%
LXU	B	0.08%
POST	D	0.08%
CRM	B	0.08%
NFLX	B	0.08%
RDNT	C	0.08%
KD	D	0.07%
ADP	A	0.07%
BKNG	C	0.07%
SCHW	D	0.07%
MMSI	C	0.07%
EMBC	F	0.07%
UAN	D	0.07%
DXC	B	0.07%
AMD	B	0.07%
EHC	B	0.07%
CWT	D	0.07%
IART	F	0.07%
GMED	D	0.06%
MAR	B	0.06%
BERY	C	0.06%
CRBG	B	0.06%
SMG	B	0.06%
MMM	C	0.06%
TJX	D	0.06%
CNMD	D	0.06%
HAE	D	0.06%
LNC	D	0.05%
SHW	C	0.05%
FAF	C	0.05%
JLL	C	0.05%
ADBE	F	0.05%
PCVX	C	0.05%
OPK	D	0.05%
ROKU	B	0.05%
AVNS	D	0.05%
GXO	D	0.05%
SJW	F	0.05%
AYI	A	0.05%
KLAC	B	0.05%
OMI	F	0.05%
WM	B	0.05%
SGRY	C	0.04%
AMT	C	0.04%
ORI	B	0.04%
OPCH	F	0.04%
CNXN	C	0.04%
CR	C	0.04%
PH	B	0.04%
SCSC	D	0.04%
AJG	D	0.04%
ORLY	A	0.04%
TMHC	C	0.04%
CTAS	C	0.04%
JEF	A	0.04%
WMG	C	0.04%
ADI	C	0.04%
VKTX	B	0.04%
LBRDA	B	0.04%
NOVT	D	0.04%
AWR	B	0.04%
TTC	D	0.04%
PEN	D	0.04%
UNFI	B	0.04%
EXEL	B	0.04%
FYBR	C	0.04%
HUN	C	0.04%
KLG	D	0.04%
APH	D	0.04%
WHR	C	0.04%
SF	A	0.03%
WU	D	0.03%
NEO	F	0.03%
GNW	C	0.03%
REZI	D	0.03%
OPEN	F	0.03%
CHE	C	0.03%
PLD	D	0.03%
WTS	C	0.03%
XRX	D	0.03%
OFIX	D	0.03%
ENSG	D	0.03%
NUVL	B	0.03%
HWKN	C	0.03%
CHWY	C	0.03%
HALO	C	0.03%
INTU	F	0.03%
MTH	C	0.03%
APO	B	0.03%
FLGT	F	0.03%
ARW	C	0.03%
NSP	F	0.03%
AMRX	B	0.03%
KBH	C	0.03%
CYTK	D	0.03%
ITW	B	0.03%
SMMT	C	0.03%
ENR	B	0.03%
MIDD	D	0.03%
VOYA	A	0.03%
RVMD	B	0.03%
DAR	F	0.03%
TWI	F	0.03%
MD	B	0.03%
SPGI	B	0.03%
SANM	D	0.03%
SNEX	C	0.03%
GME	D	0.03%
ICE	A	0.03%
UPS	D	0.03%
IONS	F	0.03%
ITCI	D	0.03%
TDS	B	0.03%
RKT	D	0.03%
BPMC	F	0.03%
RHI	D	0.03%
LNTH	C	0.03%
IVZ	B	0.03%
IRDM	B	0.03%
EMR	B	0.03%
RSG	C	0.03%
LNN	C	0.03%
TNDM	D	0.03%
SRCL	A	0.02%
WCC	D	0.02%
AMPH	C	0.02%
FOLD	F	0.02%
BBWI	F	0.02%
ATR	A	0.02%
STC	C	0.02%
SEE	D	0.02%
GL	C	0.02%
DNLI	C	0.02%
PLXS	B	0.02%
NATL	D	0.02%
R	C	0.02%
BCO	C	0.02%
MDGL	F	0.02%
AVT	C	0.02%
GKOS	C	0.02%
AXSM	C	0.02%
SNPS	F	0.02%
ADTN	C	0.02%
BHF	F	0.02%
FCN	C	0.02%
CRNX	C	0.02%
UTZ	D	0.02%
CMA	C	0.02%
NWL	F	0.02%
MCY	B	0.02%
SMPL	D	0.02%
COOP	B	0.02%
CENTA	F	0.02%
ANET	A	0.02%
AAP	F	0.02%
AMRK	B	0.02%
XRAY	D	0.02%
ALIT	D	0.02%
ACAD	F	0.02%
PTCT	C	0.02%
HAIN	B	0.02%
INSM	D	0.02%
DOX	B	0.02%
BKD	F	0.02%
TXG	F	0.02%
KRYS	D	0.02%
APLS	F	0.02%
RARE	D	0.02%
ATRC	C	0.02%
OMF	F	0.02%
GAP	F	0.02%
MHO	C	0.02%
ADV	F	0.02%
CCS	C	0.02%
TPG	B	0.02%
APD	C	0.02%
TPH	C	0.02%
COMP	C	0.02%
CORT	B	0.02%
PFSI	C	0.02%
NOW	C	0.02%
LILAK	D	0.02%
JJSF	C	0.02%
TNET	F	0.02%
GFS	F	0.02%
KMPR	D	0.02%
THS	D	0.02%
AZTA	F	0.02%
ZG	C	0.02%
ABM	D	0.02%
BBIO	F	0.02%
AMKR	F	0.02%
EQIX	C	0.02%
KELYA	D	0.02%
USM	C	0.02%
JXN	A	0.02%
MSI	A	0.02%
WELL	C	0.02%
THG	C	0.02%
AMED	D	0.02%
CME	A	0.02%
UNP	D	0.02%
MCO	D	0.02%
MMS	C	0.02%
EOLS	B	0.01%
DORM	D	0.01%
ONB	D	0.01%
ONTO	C	0.01%
UBSI	D	0.01%
IRTC	F	0.01%
ABCB	C	0.01%
ELVN	B	0.01%
PNTG	C	0.01%
SFM	A	0.01%
YORW	F	0.01%
SRRK	F	0.01%
MIRM	D	0.01%
USPH	F	0.01%
RGNX	F	0.01%
GTES	C	0.01%
NX	F	0.01%
KE	F	0.01%
FRPT	C	0.01%
MAT	D	0.01%
KIDS	F	0.01%
PJT	C	0.01%
SAGE	F	0.01%
PRLB	F	0.01%
WH	C	0.01%
CRUS	D	0.01%
SLAB	D	0.01%
VZIO	A	0.01%
GMS	C	0.01%
NYT	C	0.01%
URBN	F	0.01%
FLS	B	0.01%
BKU	D	0.01%
WTM	C	0.01%
FIVE	D	0.01%
BRX	C	0.01%
LFST	C	0.01%
FOUR	B	0.01%
DLB	C	0.01%
CVCO	C	0.01%
CMC	D	0.01%
APAM	C	0.01%
CGEM	F	0.01%
PB	D	0.01%
UI	A	0.01%
TOST	B	0.01%
SSB	C	0.01%
GSAT	F	0.01%
CADE	D	0.01%
WGO	D	0.01%
DBX	B	0.01%
BCRX	D	0.01%
SCHL	F	0.01%
MC	C	0.01%
BXC	D	0.01%
VNT	F	0.01%
AEO	C	0.01%
OZK	D	0.01%
MDXG	F	0.01%
ASB	F	0.01%
APG	F	0.01%
HURN	D	0.01%
HWC	D	0.01%
TCBI	C	0.01%
RLI	A	0.01%
DAWN	D	0.01%
VRDN	B	0.01%
DIOD	F	0.01%
HMN	C	0.01%
VSAT	F	0.01%
MTN	D	0.01%
PLUS	C	0.01%
ACIW	B	0.01%
FNB	D	0.01%
CCRN	F	0.01%
CBSH	D	0.01%
AVO	C	0.01%
UMBF	C	0.01%
DYN	D	0.01%
HAS	B	0.01%
TRUP	D	0.01%
HGV	F	0.01%
KFRC	F	0.01%
WD	C	0.01%
IMVT	F	0.01%
LFUS	D	0.01%
SSYS	D	0.01%
KURA	F	0.01%
ACT	C	0.01%
KNF	C	0.01%
SYNA	F	0.01%
AKRO	C	0.01%
SATS	C	0.01%
FNA	F	0.01%
IPGP	D	0.01%
PIPR	B	0.01%
PII	D	0.01%
TVTX	C	0.01%
PNFP	D	0.01%
GRBK	C	0.01%
SKY	B	0.01%
LCII	C	0.01%
CFR	D	0.01%
MNKD	B	0.01%
UCTT	D	0.01%
PTGX	C	0.01%
PRG	C	0.01%
EXLS	A	0.01%
FG	C	0.01%
WBS	D	0.01%
BRC	C	0.01%
ACHC	F	0.01%
CRVL	C	0.01%
MTG	B	0.01%
HTH	F	0.01%
TDC	D	0.01%
SANA	F	0.01%
CABO	F	0.01%
IDT	C	0.01%
RYAN	A	0.01%
RDN	D	0.01%
CSX	D	0.01%
ASIX	A	0.01%
LANC	F	0.01%
VLY	C	0.01%
MTCH	B	0.01%
CACC	F	0.01%
IOSP	F	0.01%
AXNX	A	0.01%
TARS	C	0.01%
IRT	D	0.01%
BEAM	F	0.01%
SNDX	F	0.01%
RCM	B	0.01%
TDOC	D	0.01%
FHI	C	0.01%
KWR	F	0.01%
BECN	D	0.01%
HLI	B	0.01%
ENS	D	0.01%
NGVT	D	0.01%
AGIO	D	0.01%
PINC	F	0.01%
SBH	C	0.01%
MSM	D	0.01%
ADMA	C	0.01%
UNF	A	0.01%
ANIP	F	0.01%
WTFC	C	0.01%
LAMR	C	0.01%
TTMI	D	0.01%
SITE	D	0.01%
SXT	C	0.01%
INVA	B	0.01%
CC	D	0.01%
RCKT	F	0.01%
IAC	D	0.01%
RXRX	F	0.01%
AXTA	C	0.01%
CPRX	C	0.01%
BGC	B	0.01%
CRSR	D	0.01%
TGNA	C	0.01%
NTLA	F	0.01%
CDNS	D	0.01%
AIV	D	0.01%
LMAT	B	0.01%
RNA	B	0.01%
HRB	C	0.01%
ADUS	D	0.01%
TEX	F	0.01%
TNC	F	0.01%
JBSS	F	0.01%
FL	F	0.01%
BOKF	D	0.01%
CSTL	C	0.01%
EXPI	C	0.01%
KFY	C	0.01%
LGND	D	0.01%
GERN	D	0.01%
KEX	C	0.01%
IRWD	F	0.01%
DVAX	D	0.01%
ICFI	C	0.01%
NMRK	B	0.01%
COLL	B	0.01%
WAL	C	0.01%
GNRC	B	0.01%
BCC	C	0.01%
ASTH	A	0.01%
PBH	D	0.01%
ARVN	F	0.01%
NHC	D	0.01%
EWBC	D	0.01%
DFH	C	0.01%
CGON	C	0.01%
SEIC	B	0.01%
ARDX	D	0.01%
TNL	C	0.01%
SNV	D	0.01%
VNO	A	0.01%
XNCR	D	0.01%
NARI	F	0.01%
UFPI	C	0.01%
EVH	D	0.01%
STGW	B	0.01%
UWMC	D	0.01%
VCEL	F	0.01%
IDYA	F	0.01%
RYTM	C	0.01%
PRVA	F	0.01%
CNO	C	0.01%
HHH	C	0.01%
KO	C	0.01%
ESI	C	0.01%
LGF.A	F	0.01%
NVST	D	0.01%
HRMY	D	0.01%
SPTN	C	0.01%
KROS	B	0.01%
ASH	F	0.01%
ATEC	F	0.01%
CLDX	F	0.01%
VAC	D	0.01%
CIEN	A	0.01%
KYMR	D	0.01%
VERA	C	0.01%
BZH	C	0.01%
GT	F	0.01%
VIR	F	0.01%
FDX	F	0.01%
H	C	0.01%
AGL	F	0.01%
BHE	C	0.01%
RGEN	F	0.01%
PDCO	F	0.01%
NVAX	C	0.01%
EWTX	C	0.01%
ASGN	D	0.01%
BC	D	0.01%
SUPN	D	0.01%
AMG	B	0.01%
EEFT	F	0.01%
TWST	D	0.01%
COHR	A	0.01%
TGTX	D	0.01%
MYGN	D	0.01%
NXST	F	0.01%
AIT	B	0.01%
SWTX	F	0.01%
BGS	D	0.01%
UFPT	D	0.01%
VSH	F	0.01%
HOV	D	0.01%
CNDT	B	0.01%
ABNB	D	0.01%
THO	C	0.01%
AMN	F	0.01%
INSP	C	0.01%
NSIT	B	0.01%
ARWR	F	0.01%
ACLX	C	0.01%
JANX	C	0.01%
PANW	D	0.01%
FHN	D	0.01%
CNXC	F	0.01%
PCRX	D	0.01%
ROP	C	0.01%
LGIH	C	0.01%
MRVL	B	0.01%
EDR	A	0.01%
ZION	D	0.01%
MRVI	F	0.01%
EVR	C	0.01%
ESAB	C	0.01%
SIGI	D	0.01%
MSEX	D	0.01%
IOVA	F	0.01%
GH	F	0.01%
SCLX	F	0.0%
VIRT	B	0.0%
OABI	F	0.0%
ABUS	D	0.0%
PRME	F	0.0%
BLFS	D	0.0%
CELC	F	0.0%
QTRX	F	0.0%
STOK	D	0.0%
ALT	F	0.0%
ABSI	F	0.0%
CTKB	F	0.0%
NUVB	F	0.0%
OLMA	F	0.0%
SIGA	F	0.0%
ORIC	D	0.0%
MNMD	F	0.0%
SVRA	F	0.0%
LQDA	F	0.0%
ALEC	F	0.0%
FORM	F	0.0%
EYPT	F	0.0%
ALGM	F	0.0%
YMAB	B	0.0%
PLAB	C	0.0%
MSGS	A	0.0%
ANAB	D	0.0%
WSFS	D	0.0%
WAFD	D	0.0%
APLT	C	0.0%
LYEL	F	0.0%
IRON	B	0.0%
ETNB	F	0.0%
COLB	C	0.0%
PHAT	B	0.0%
CRAI	B	0.0%
LBPH	C	0.0%
UCBI	B	0.0%
PLRX	F	0.0%
MLI	C	0.0%
DFIN	D	0.0%
OSCR	C	0.0%
AEIS	D	0.0%
FHB	D	0.0%
STEP	A	0.0%
CNS	C	0.0%
MMI	D	0.0%
ZEUS	F	0.0%
NVEE	F	0.0%
GOLF	F	0.0%
HSII	D	0.0%
ITRI	C	0.0%
MLYS	B	0.0%
COGT	C	0.0%
SAFT	D	0.0%
CATY	D	0.0%
PGNY	F	0.0%
GBCI	C	0.0%
CBZ	F	0.0%
NRIX	D	0.0%
PCTY	B	0.0%
CNA	D	0.0%
HOMB	D	0.0%
REYN	D	0.0%
ARQT	C	0.0%
SPRY	C	0.0%
CHH	C	0.0%
ARCT	D	0.0%
CBT	C	0.0%
RLAY	F	0.0%
AZZ	C	0.0%
GIC	D	0.0%
SAVA	D	0.0%
IMNM	F	0.0%
SONO	D	0.0%
OCUL	B	0.0%
ANF	F	0.0%
CTS	D	0.0%
FULT	D	0.0%
IBP	C	0.0%
DCI	C	0.0%
MODG	F	0.0%
RCUS	F	0.0%
HZO	D	0.0%
FDMT	F	0.0%
TMCI	F	0.0%
VCYT	C	0.0%
TRIP	F	0.0%
VCTR	A	0.0%
SFNC	C	0.0%
FRT	D	0.0%
BBSI	C	0.0%
TKO	A	0.0%
PLAY	D	0.0%
UFCS	D	0.0%
ITT	C	0.0%
TYRA	D	0.0%
SIBN	F	0.0%
UVE	C	0.0%
ROG	F	0.0%
TKR	D	0.0%

HKND Underweight 172 Positions Relative to IMCB

Symbol	Grade	Weight
PLTR	A	-0.67%
GEV	A	-0.63%
NEM	C	-0.57%
AEP	C	-0.5%
WMB	A	-0.5%
GM	D	-0.48%
SRE	B	-0.48%
OKE	A	-0.48%
JCI	C	-0.47%
PCAR	C	-0.46%
D	A	-0.44%
CPRT	C	-0.42%
TEL	D	-0.42%
LHX	A	-0.41%
VLO	D	-0.4%
DASH	B	-0.4%
PEG	A	-0.4%
PCG	C	-0.39%
F	D	-0.39%
ACGL	B	-0.39%
KMI	A	-0.39%
LNG	A	-0.38%
FERG	F	-0.38%
RCL	C	-0.38%
STZ	D	-0.38%
EXC	A	-0.37%
HWM	A	-0.37%
YUM	B	-0.36%
VST	B	-0.35%
COR	F	-0.35%
HES	C	-0.34%
ODFL	F	-0.34%
XEL	B	-0.33%
NUE	C	-0.33%
ED	A	-0.33%
BKR	B	-0.33%
MLM	F	-0.31%
EIX	B	-0.31%
DDOG	C	-0.31%
VICI	C	-0.31%
TRGP	A	-0.3%
DAL	C	-0.3%
VMC	D	-0.3%
KHC	F	-0.29%
WAB	B	-0.29%
WEC	A	-0.28%
WTW	C	-0.28%
MSTR	B	-0.28%
LULU	D	-0.28%
FANG	C	-0.27%
CPNG	C	-0.27%
AXON	A	-0.26%
GRMN	D	-0.25%
HUBS	D	-0.25%
ETR	A	-0.25%
DTE	A	-0.24%
WY	C	-0.23%
DECK	B	-0.23%
NET	D	-0.23%
DVN	F	-0.23%
LYB	F	-0.23%
SW	C	-0.23%
HAL	D	-0.23%
TEAM	D	-0.23%
STE	D	-0.22%
ES	D	-0.22%
PPL	B	-0.22%
FE	C	-0.21%
AEE	A	-0.21%
RBLX	D	-0.21%
BALL	C	-0.2%
LDOS	A	-0.2%
CPAY	A	-0.2%
COO	C	-0.2%
STX	B	-0.2%
TDY	A	-0.19%
EQT	B	-0.19%
ATO	A	-0.19%
LVS	B	-0.19%
BAH	A	-0.19%
CMS	A	-0.19%
MDB	D	-0.18%
DG	F	-0.18%
DKNG	D	-0.18%
PKG	B	-0.18%
LII	C	-0.18%
PINS	C	-0.18%
DRI	C	-0.18%
EXPD	D	-0.17%
CCL	C	-0.17%
STLD	B	-0.17%
CNP	B	-0.17%
WSM	B	-0.17%
LH	D	-0.17%
UAL	B	-0.17%
NRG	A	-0.17%
TPL	A	-0.16%
EG	B	-0.16%
MANH	C	-0.16%
LUV	B	-0.16%
CTRA	D	-0.16%
AVY	D	-0.16%
APTV	D	-0.16%
GEN	B	-0.15%
RPM	B	-0.15%
PNR	B	-0.15%
AMCR	C	-0.15%
FWONK	D	-0.15%
TXT	F	-0.15%
ZM	C	-0.15%
TSN	D	-0.15%
IP	C	-0.15%
ROL	C	-0.14%
DPZ	D	-0.14%
MRO	C	-0.14%
DLTR	F	-0.14%
OC	C	-0.14%
NI	A	-0.14%
LNT	A	-0.14%
RVTY	C	-0.14%
HEI	C	-0.14%
ZS	F	-0.14%
FLEX	C	-0.13%
USFD	C	-0.13%
RNR	A	-0.13%
CASY	D	-0.13%
EVRG	C	-0.13%
AES	C	-0.13%
JBHT	D	-0.13%
NTNX	C	-0.13%
DT	B	-0.13%
DOCU	B	-0.12%
ALLE	A	-0.12%
XPO	F	-0.12%
BLD	D	-0.12%
GLPI	A	-0.12%
CCK	C	-0.11%
SAIA	D	-0.11%
SNAP	D	-0.11%
NVT	D	-0.11%
OKTA	F	-0.11%
WING	C	-0.11%
PFGC	A	-0.11%
HOOD	C	-0.11%
KMX	F	-0.11%
HII	F	-0.1%
TWLO	B	-0.1%
HEI	C	-0.1%
HRL	F	-0.09%
WYNN	B	-0.09%
CHDN	D	-0.09%
MGM	C	-0.09%
LW	D	-0.09%
FOXA	A	-0.09%
TAP	D	-0.09%
NWSA	D	-0.09%
BJ	C	-0.09%
OVV	D	-0.09%
CNH	D	-0.09%
AR	B	-0.08%
CHK	D	-0.08%
APA	F	-0.08%
DINO	D	-0.07%
AZPN	B	-0.06%
U	D	-0.06%
CELH	F	-0.05%
PCOR	D	-0.05%
SIRI	C	-0.05%
PAG	D	-0.03%
FWONA	D	-0.02%
AGR	B	-0.02%
ALAB	C	-0.01%