HKND vs. IWS ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to iShares Russell Mid-cap Value ETF (IWS)

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

$32.88

Average Daily Volume

3,826

Number of Holdings ^*

952

* may have additional holdings in another (foreign) market

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$130.33

Average Daily Volume

290,624

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

Performance

Period	HKND	IWS
30 Days	-0.87%	1.06%
60 Days	3.93%	6.39%
90 Days	5.89%	9.78%
12 Months	24.51%	31.57%

389 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in IWS	Overlap
A	B	0.15%	0.48%	0.15%
AAP	F	0.02%	0.03%	0.02%
ACHC	F	0.01%	0.06%	0.01%
ACI	F	0.06%	0.09%	0.06%
ACM	C	0.08%	0.16%	0.08%
ADM	D	1.55%	0.32%	0.32%
AFG	C	0.03%	0.11%	0.03%
AFL	A	0.08%	0.71%	0.08%
AGCO	D	0.7%	0.07%	0.07%
AIZ	A	0.12%	0.12%	0.12%
AJG	D	0.04%	0.65%	0.04%
AKAM	D	0.01%	0.17%	0.01%
ALB	D	0.01%	0.12%	0.01%
ALGM	F	0.0%	0.03%	0.0%
ALGN	D	0.02%	0.09%	0.02%
ALL	B	0.21%	0.47%	0.21%
ALLY	F	0.04%	0.09%	0.04%
ALNY	C	0.1%	0.04%	0.04%
AME	D	0.01%	0.44%	0.01%
AMED	D	0.02%	0.03%	0.02%
AMG	B	0.01%	0.06%	0.01%
AMH	D	0.03%	0.14%	0.03%
AMKR	F	0.02%	0.04%	0.02%
AMP	A	0.07%	0.05%	0.05%
ANSS	D	0.01%	0.31%	0.01%
AOS	B	0.01%	0.12%	0.01%
APG	F	0.01%	0.08%	0.01%
ARE	D	0.01%	0.23%	0.01%
ARW	C	0.03%	0.08%	0.03%
ASH	F	0.01%	0.05%	0.01%
ATR	A	0.02%	0.12%	0.02%
AVB	C	0.06%	0.35%	0.06%
AVT	C	0.02%	0.05%	0.02%
AVTR	D	0.15%	0.19%	0.15%
AWK	B	0.37%	0.32%	0.32%
AXTA	C	0.01%	0.09%	0.01%
AYI	A	0.05%	0.1%	0.05%
AZTA	F	0.02%	0.03%	0.02%
BAX	D	0.86%	0.21%	0.21%
BBWI	F	0.02%	0.08%	0.02%
BBY	B	0.28%	0.25%	0.25%
BC	D	0.01%	0.06%	0.01%
BEN	F	0.03%	0.06%	0.03%
BERY	C	0.06%	0.09%	0.06%
BG	F	0.9%	0.15%	0.15%
BHF	F	0.02%	0.03%	0.02%
BIIB	F	0.29%	0.31%	0.29%
BIO	B	0.09%	0.07%	0.07%
BK	C	0.11%	0.59%	0.11%
BLDR	B	0.02%	0.24%	0.02%
BMRN	F	0.07%	0.15%	0.07%
BOKF	D	0.01%	0.03%	0.01%
BR	B	0.02%	0.02%	0.02%
BRKR	D	0.06%	0.03%	0.03%
BRO	A	0.02%	0.16%	0.02%
BRX	C	0.01%	0.09%	0.01%
BXP	C	0.02%	0.14%	0.02%
CACC	F	0.01%	0.01%	0.01%
CAG	D	0.36%	0.17%	0.17%
CAH	B	0.3%	0.12%	0.12%
CBRE	A	0.11%	0.42%	0.11%
CBSH	D	0.01%	0.08%	0.01%
CC	D	0.01%	0.03%	0.01%
CCI	C	0.02%	0.58%	0.02%
CDW	D	0.08%	0.16%	0.08%
CE	D	0.01%	0.12%	0.01%
CF	A	0.97%	0.18%	0.18%
CFG	D	0.03%	0.2%	0.03%
CFR	D	0.01%	0.07%	0.01%
CG	C	0.03%	0.11%	0.03%
CHD	C	0.35%	0.29%	0.29%
CHE	C	0.03%	0.09%	0.03%
CHH	B	0.0%	0.01%	0.0%
CHTR	D	0.17%	0.35%	0.17%
CIEN	A	0.01%	0.1%	0.01%
CINF	A	0.04%	0.24%	0.04%
CLH	C	0.01%	0.14%	0.01%
CMA	C	0.02%	0.09%	0.02%
CMI	B	0.05%	0.5%	0.05%
CNA	D	0.0%	0.01%	0.0%
CNC	F	0.33%	0.44%	0.33%
CNM	F	0.01%	0.03%	0.01%
CNXC	F	0.01%	0.03%	0.01%
COHR	B	0.01%	0.13%	0.01%
COIN	F	0.01%	0.06%	0.01%
COLB	C	0.0%	0.06%	0.0%
COTY	F	0.01%	0.04%	0.01%
CPB	D	0.08%	0.1%	0.08%
CPT	C	0.03%	0.14%	0.03%
CR	B	0.04%	0.09%	0.04%
CRL	F	0.09%	0.11%	0.09%
CRUS	D	0.01%	0.07%	0.01%
CSGP	F	0.01%	0.34%	0.01%
CSL	A	0.03%	0.2%	0.03%
CTLT	A	0.14%	0.12%	0.12%
CTSH	B	0.08%	0.43%	0.08%
CTVA	A	1.44%	0.46%	0.46%
DAR	F	0.03%	0.07%	0.03%
DAY	B	0.01%	0.09%	0.01%
DBX	B	0.01%	0.05%	0.01%
DCI	B	0.0%	0.1%	0.0%
DD	B	0.33%	0.41%	0.33%
DFS	C	0.07%	0.38%	0.07%
DGX	B	0.6%	0.19%	0.19%
DHI	C	0.16%	0.64%	0.16%
DKS	D	0.02%	0.12%	0.02%
DLB	D	0.01%	0.05%	0.01%
DLR	C	0.02%	0.58%	0.02%
DOC	C	0.01%	0.18%	0.01%
DOV	C	0.01%	0.29%	0.01%
DOW	B	0.21%	0.43%	0.21%
DOX	B	0.02%	0.11%	0.02%
DXC	D	0.07%	0.04%	0.04%
EA	D	0.02%	0.43%	0.02%
EBAY	A	0.06%	0.37%	0.06%
EEFT	F	0.01%	0.05%	0.01%
EFX	C	0.02%	0.32%	0.02%
EHC	B	0.07%	0.11%	0.07%
ELS	D	0.03%	0.15%	0.03%
EME	C	0.02%	0.14%	0.02%
EMN	C	0.01%	0.15%	0.01%
ENOV	F	0.15%	0.03%	0.03%
EPAM	F	0.01%	0.11%	0.01%
EQR	C	0.07%	0.31%	0.07%
ESAB	C	0.01%	0.07%	0.01%
ESI	B	0.01%	0.07%	0.01%
ESS	C	0.04%	0.21%	0.04%
EVR	C	0.01%	0.1%	0.01%
EWBC	D	0.01%	0.12%	0.01%
EXAS	C	0.04%	0.08%	0.04%
EXEL	B	0.04%	0.01%	0.01%
EXR	C	0.01%	0.42%	0.01%
FAF	B	0.05%	0.07%	0.05%
FAST	B	0.03%	0.07%	0.03%
FCN	C	0.02%	0.09%	0.02%
FCNCA	D	0.01%	0.24%	0.01%
FDS	C	0.01%	0.13%	0.01%
FFIV	B	0.01%	0.14%	0.01%
FHB	D	0.0%	0.03%	0.0%
FHN	D	0.01%	0.09%	0.01%
FICO	A	0.01%	0.08%	0.01%
FIS	C	0.03%	0.53%	0.03%
FITB	C	0.04%	0.32%	0.04%
FIVE	D	0.01%	0.01%	0.01%
FLO	D	0.09%	0.05%	0.05%
FLS	A	0.01%	0.08%	0.01%
FMC	B	0.78%	0.09%	0.09%
FNB	D	0.01%	0.05%	0.01%
FND	C	0.01%	0.09%	0.01%
FNF	A	0.07%	0.18%	0.07%
FOX	A	0.06%	0.06%	0.06%
FRPT	C	0.01%	0.05%	0.01%
FRT	D	0.0%	0.1%	0.0%
FSLR	C	0.18%	0.29%	0.18%
FTRE	F	0.1%	0.02%	0.02%
FTV	B	0.01%	0.31%	0.01%
FYBR	C	0.04%	0.1%	0.04%
GAP	F	0.02%	0.05%	0.02%
GEHC	C	0.99%	0.41%	0.41%
GFS	F	0.02%	0.04%	0.02%
GGG	B	0.0%	0.16%	0.0%
GIS	C	0.3%	0.47%	0.3%
GL	C	0.02%	0.1%	0.02%
GLW	B	0.1%	0.38%	0.1%
GME	F	0.03%	0.09%	0.03%
GMED	D	0.06%	0.09%	0.06%
GNRC	B	0.01%	0.05%	0.01%
GPC	D	0.05%	0.22%	0.05%
GPN	F	0.03%	0.29%	0.03%
GTES	C	0.01%	0.04%	0.01%
GWW	A	0.05%	0.07%	0.05%
GXO	D	0.05%	0.07%	0.05%
H	C	0.01%	0.06%	0.01%
HAS	A	0.01%	0.01%	0.01%
HBAN	D	0.03%	0.23%	0.03%
HHH	C	0.01%	0.03%	0.01%
HIG	A	0.1%	0.39%	0.1%
HLI	C	0.01%	0.09%	0.01%
HLT	A	0.02%	0.31%	0.02%
HOLX	D	0.26%	0.21%	0.21%
HPE	B	0.21%	0.29%	0.21%
HPQ	C	0.76%	0.29%	0.29%
HRB	C	0.01%	0.08%	0.01%
HSIC	D	0.14%	0.1%	0.1%
HST	D	0.02%	0.14%	0.02%
HSY	D	0.06%	0.27%	0.06%
HUBB	A	0.01%	0.26%	0.01%
HUM	F	0.25%	0.38%	0.25%
HUN	B	0.04%	0.04%	0.04%
IAC	C	0.01%	0.04%	0.01%
IBKR	A	0.02%	0.16%	0.02%
IEX	D	0.01%	0.18%	0.01%
IFF	C	0.06%	0.3%	0.06%
ILMN	B	0.09%	0.23%	0.09%
INCY	B	0.09%	0.11%	0.09%
INGR	A	0.49%	0.1%	0.1%
INVH	D	0.05%	0.24%	0.05%
IONS	F	0.03%	0.01%	0.01%
IPG	C	0.03%	0.13%	0.03%
IPGP	D	0.01%	0.02%	0.01%
IQV	F	0.49%	0.42%	0.42%
IR	A	0.01%	0.44%	0.01%
IRDM	B	0.03%	0.04%	0.03%
IRM	A	0.01%	0.17%	0.01%
ITT	B	0.0%	0.14%	0.0%
IVZ	A	0.03%	0.07%	0.03%
J	D	0.31%	0.18%	0.18%
JBL	D	0.14%	0.14%	0.14%
JEF	A	0.04%	0.09%	0.04%
JKHY	A	0.01%	0.15%	0.01%
JLL	B	0.05%	0.1%	0.05%
JNPR	B	0.01%	0.14%	0.01%
K	B	0.26%	0.24%	0.24%
KD	F	0.07%	0.06%	0.06%
KEX	C	0.01%	0.08%	0.01%
KEY	C	0.04%	0.17%	0.04%
KEYS	B	0.01%	0.3%	0.01%
KIM	C	0.01%	0.17%	0.01%
KMPR	D	0.02%	0.04%	0.02%
KR	C	0.22%	0.42%	0.22%
KVUE	C	0.42%	0.49%	0.42%
L	D	0.05%	0.16%	0.05%
LAMR	C	0.01%	0.1%	0.01%
LBRDA	B	0.04%	0.01%	0.01%
LECO	D	0.02%	0.08%	0.02%
LEN	B	0.14%	0.02%	0.02%
LEN	B	0.14%	0.5%	0.14%
LFUS	C	0.01%	0.07%	0.01%
LKQ	F	0.04%	0.12%	0.04%
LNC	D	0.05%	0.06%	0.05%
MAA	C	0.05%	0.21%	0.05%
MAN	D	0.1%	0.04%	0.04%
MAS	A	0.02%	0.21%	0.02%
MASI	B	0.09%	0.03%	0.03%
MAT	D	0.01%	0.07%	0.01%
MCHP	F	0.03%	0.46%	0.03%
MIDD	D	0.03%	0.08%	0.03%
MKC	C	0.05%	0.24%	0.05%
MKL	C	0.05%	0.17%	0.05%
MOH	D	0.07%	0.08%	0.07%
MOS	D	1.66%	0.1%	0.1%
MSCI	B	0.01%	0.21%	0.01%
MSGS	A	0.0%	0.04%	0.0%
MSM	D	0.01%	0.04%	0.01%
MTB	C	0.03%	0.32%	0.03%
MTCH	B	0.01%	0.11%	0.01%
MTD	B	0.09%	0.35%	0.09%
MTG	B	0.01%	0.07%	0.01%
MTN	D	0.01%	0.01%	0.01%
NDAQ	C	0.02%	0.34%	0.02%
NDSN	B	0.0%	0.17%	0.0%
NTAP	D	0.03%	0.16%	0.03%
NTRS	C	0.04%	0.2%	0.04%
NVR	A	0.05%	0.32%	0.05%
NVST	D	0.01%	0.04%	0.01%
NWL	D	0.02%	0.04%	0.02%
NWS	D	0.03%	0.04%	0.03%
NXST	D	0.01%	0.04%	0.01%
NYT	A	0.01%	0.1%	0.01%
O	A	0.01%	0.62%	0.01%
OGN	F	0.1%	0.05%	0.05%
OMC	C	0.05%	0.22%	0.05%
OMF	F	0.02%	0.06%	0.02%
ON	F	0.03%	0.34%	0.03%
ONTO	B	0.01%	0.08%	0.01%
ORI	B	0.04%	0.1%	0.04%
OTIS	A	0.02%	0.47%	0.02%
OZK	F	0.01%	0.05%	0.01%
PAYC	D	0.01%	0.03%	0.01%
PAYX	A	0.02%	0.33%	0.02%
PB	D	0.01%	0.07%	0.01%
PFG	C	0.06%	0.22%	0.06%
PHM	A	0.08%	0.33%	0.08%
PII	D	0.01%	0.05%	0.01%
PINC	F	0.01%	0.02%	0.01%
PNFP	D	0.01%	0.08%	0.01%
POST	C	0.08%	0.06%	0.06%
PPG	D	0.04%	0.34%	0.04%
PRU	C	0.17%	0.48%	0.17%
PSTG	F	0.01%	0.02%	0.01%
PTC	D	0.0%	0.09%	0.0%
PWR	B	0.02%	0.33%	0.02%
QRVO	F	0.01%	0.11%	0.01%
R	C	0.02%	0.07%	0.02%
RCM	B	0.01%	0.02%	0.01%
REG	C	0.01%	0.15%	0.01%
REYN	D	0.0%	0.02%	0.0%
RF	C	0.03%	0.23%	0.03%
RGA	C	0.06%	0.16%	0.06%
RGEN	F	0.01%	0.08%	0.01%
RHI	D	0.03%	0.08%	0.03%
RJF	B	0.05%	0.26%	0.05%
RKT	C	0.03%	0.03%	0.03%
RLI	A	0.01%	0.07%	0.01%
RMD	C	0.2%	0.28%	0.2%
ROK	D	0.02%	0.31%	0.02%
ROKU	C	0.05%	0.09%	0.05%
ROST	C	0.02%	0.42%	0.02%
RPRX	B	0.11%	0.12%	0.11%
RRX	C	0.01%	0.12%	0.01%
RS	D	0.03%	0.19%	0.03%
SBAC	B	0.01%	0.29%	0.01%
SCI	C	0.01%	0.13%	0.01%
SEE	C	0.02%	0.03%	0.02%
SEIC	B	0.01%	0.08%	0.01%
SF	A	0.03%	0.1%	0.03%
SITE	D	0.01%	0.05%	0.01%
SJM	C	0.5%	0.14%	0.14%
SMG	A	0.06%	0.04%	0.04%
SNA	A	0.01%	0.17%	0.01%
SNV	D	0.01%	0.07%	0.01%
SNX	C	0.06%	0.1%	0.06%
SOLV	C	0.16%	0.11%	0.11%
SPB	C	0.29%	0.03%	0.03%
SPG	A	0.03%	0.46%	0.03%
SQ	D	0.05%	0.24%	0.05%
SRCL	B	0.02%	0.06%	0.02%
SSNC	C	0.02%	0.18%	0.02%
STT	C	0.09%	0.29%	0.09%
SUI	D	0.05%	0.19%	0.05%
SWK	A	0.04%	0.19%	0.04%
SWKS	F	0.02%	0.17%	0.02%
SYF	B	0.07%	0.22%	0.07%
SYY	B	0.07%	0.17%	0.07%
TECH	C	0.07%	0.14%	0.07%
TER	C	0.01%	0.02%	0.01%
TFX	C	0.18%	0.13%	0.13%
THC	C	0.31%	0.17%	0.17%
THG	C	0.02%	0.06%	0.02%
THO	B	0.01%	0.06%	0.01%
TKO	A	0.0%	0.09%	0.0%
TKR	D	0.0%	0.06%	0.0%
TNL	B	0.01%	0.03%	0.01%
TOL	A	0.05%	0.18%	0.05%
TPG	B	0.02%	0.04%	0.02%
TRIP	F	0.0%	0.02%	0.0%
TRMB	B	0.01%	0.17%	0.01%
TROW	D	0.04%	0.26%	0.04%
TRU	A	0.01%	0.21%	0.01%
TTC	D	0.04%	0.1%	0.04%
TTEK	B	0.02%	0.11%	0.02%
TTWO	F	0.01%	0.29%	0.01%
TW	A	0.0%	0.1%	0.0%
TXG	F	0.02%	0.01%	0.01%
TYL	B	0.01%	0.04%	0.01%
UDR	C	0.03%	0.17%	0.03%
UHAL	A	0.01%	0.0%	0.0%
UHAL	A	0.01%	0.05%	0.01%
UHS	D	0.21%	0.15%	0.15%
UI	A	0.01%	0.01%	0.01%
ULTA	D	0.02%	0.03%	0.02%
UNM	A	0.04%	0.12%	0.04%
URI	C	0.01%	0.46%	0.01%
UTHR	C	0.08%	0.18%	0.08%
UWMC	D	0.01%	0.0%	0.0%
VAC	D	0.01%	0.03%	0.01%
VIRT	B	0.0%	0.03%	0.0%
VLTO	A	0.34%	0.17%	0.17%
VNO	A	0.01%	0.08%	0.01%
VNT	F	0.01%	0.06%	0.01%
VOYA	A	0.03%	0.09%	0.03%
VRSN	B	0.01%	0.17%	0.01%
VTR	C	0.06%	0.29%	0.06%
VTRS	D	0.23%	0.15%	0.15%
WAL	C	0.01%	0.1%	0.01%
WAT	B	0.07%	0.09%	0.07%
WBA	F	0.21%	0.07%	0.07%
WBD	D	0.07%	0.22%	0.07%
WBS	D	0.01%	0.09%	0.01%
WCC	C	0.02%	0.08%	0.02%
WDC	C	0.1%	0.25%	0.1%
WH	C	0.01%	0.06%	0.01%
WHR	B	0.04%	0.06%	0.04%
WLK	C	0.06%	0.06%	0.06%
WMS	D	0.02%	0.08%	0.02%
WPC	C	0.01%	0.15%	0.01%
WRB	B	0.04%	0.19%	0.04%
WSO	C	0.02%	0.19%	0.02%
WST	D	0.06%	0.1%	0.06%
WTFC	D	0.01%	0.08%	0.01%
WTM	D	0.01%	0.05%	0.01%
WTRG	D	0.08%	0.11%	0.08%
WU	D	0.03%	0.03%	0.03%
XRAY	D	0.02%	0.06%	0.02%
XYL	C	0.01%	0.36%	0.01%
ZBH	F	0.44%	0.25%	0.25%
ZBRA	A	0.03%	0.16%	0.03%
ZG	C	0.02%	0.03%	0.02%
ZION	D	0.01%	0.07%	0.01%

HKND Overweight 565 Positions Relative to IWS

Symbol	Grade	Weight
PG	C	4.0%
GOOGL	B	3.88%
MSFT	D	2.37%
AAPL	C	2.16%
JNJ	D	2.07%
DE	A	2.05%
LLY	D	1.93%
ABBV	A	1.9%
MRK	F	1.74%
INTC	D	1.7%
PFE	D	1.58%
CL	D	1.33%
BDX	B	1.14%
SYK	C	1.12%
WMT	A	1.08%
ABT	B	1.06%
CI	D	1.06%
AMGN	D	1.04%
HCA	B	0.98%
DELL	C	0.98%
VZ	A	0.94%
UNH	B	0.94%
BMY	B	0.91%
ECL	B	0.9%
T	A	0.87%
TMO	C	0.86%
GILD	A	0.77%
BSX	A	0.72%
CMCSA	B	0.68%
JPM	D	0.67%
AMZN	C	0.6%
DHR	C	0.58%
VRTX	D	0.57%
REGN	D	0.54%
FDP	C	0.5%
BAC	D	0.5%
CVS	D	0.48%
MCK	F	0.42%
WFC	D	0.41%
C	B	0.4%
ELV	F	0.4%
PEP	D	0.39%
HD	A	0.39%
TMUS	A	0.38%
MS	B	0.35%
GS	C	0.33%
MDLZ	C	0.32%
ISRG	A	0.31%
EW	F	0.28%
FELE	C	0.26%
IBM	B	0.26%
MRNA	F	0.25%
CLX	B	0.24%
LOW	A	0.24%
AIG	F	0.22%
DIS	D	0.21%
MET	A	0.21%
AXP	A	0.21%
PGR	C	0.21%
ORCL	B	0.2%
TSLA	C	0.18%
COF	C	0.17%
ZWS	A	0.17%
CSCO	A	0.17%
AMAT	B	0.16%
TRV	C	0.16%
QCOM	D	0.15%
V	C	0.15%
RUN	D	0.13%
MU	D	0.13%
TGT	C	0.13%
ENPH	D	0.13%
DVA	C	0.13%
AVGO	C	0.12%
USB	C	0.12%
DXCM	F	0.12%
MMC	D	0.12%
LUMN	C	0.12%
ICUI	B	0.11%
BLK	A	0.11%
TITN	F	0.11%
AHCO	C	0.11%
MA	A	0.11%
TFC	D	0.1%
LRCX	D	0.1%
KMB	B	0.1%
TXN	C	0.1%
SEM	D	0.1%
PNC	C	0.1%
COST	C	0.1%
NVDA	C	0.09%
PYPL	C	0.09%
PODD	C	0.08%
ITGR	C	0.08%
ALG	D	0.08%
LXU	B	0.08%
CRM	B	0.08%
NFLX	A	0.08%
RDNT	C	0.08%
ADP	A	0.07%
BKNG	C	0.07%
SCHW	D	0.07%
MMSI	C	0.07%
EMBC	F	0.07%
UAN	F	0.07%
AMD	D	0.07%
CWT	D	0.07%
IART	F	0.07%
MAR	B	0.06%
SRPT	F	0.06%
CRBG	C	0.06%
MMM	C	0.06%
NBIX	F	0.06%
TJX	C	0.06%
CNMD	D	0.06%
HAE	D	0.06%
SHW	B	0.05%
ADBE	F	0.05%
PCVX	B	0.05%
OPK	D	0.05%
AVNS	D	0.05%
SJW	D	0.05%
EQH	C	0.05%
KLAC	B	0.05%
OMI	F	0.05%
WM	B	0.05%
KDP	C	0.04%
SGRY	C	0.04%
AMT	C	0.04%
OPCH	F	0.04%
CNXN	C	0.04%
PH	A	0.04%
SCSC	D	0.04%
MEDP	F	0.04%
LPLA	D	0.04%
ORLY	A	0.04%
TMHC	C	0.04%
CTAS	B	0.04%
AZO	D	0.04%
EL	D	0.04%
WMG	D	0.04%
ADI	C	0.04%
VKTX	C	0.04%
EXPE	B	0.04%
NOVT	C	0.04%
AWR	A	0.04%
PEN	D	0.04%
UNFI	B	0.04%
KLG	D	0.04%
APH	D	0.04%
NEO	F	0.03%
GNW	C	0.03%
REZI	D	0.03%
OPEN	F	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	A	0.03%
CHWY	C	0.03%
HALO	D	0.03%
INTU	F	0.03%
MTH	C	0.03%
APO	A	0.03%
FLGT	F	0.03%
NSP	F	0.03%
AMRX	B	0.03%
KBH	C	0.03%
CYTK	F	0.03%
ITW	A	0.03%
SMMT	D	0.03%
ENR	B	0.03%
RVMD	B	0.03%
TWI	F	0.03%
MD	B	0.03%
SPGI	C	0.03%
SANM	D	0.03%
SNEX	C	0.03%
ICE	A	0.03%
LYV	A	0.03%
IT	C	0.03%
UPS	D	0.03%
ITCI	D	0.03%
TDS	B	0.03%
BPMC	F	0.03%
LNTH	C	0.03%
EMR	B	0.03%
RSG	D	0.03%
LNN	C	0.03%
TNDM	D	0.03%
AMPH	C	0.02%
FOLD	F	0.02%
STC	C	0.02%
DNLI	C	0.02%
PLXS	B	0.02%
NATL	D	0.02%
BCO	C	0.02%
MDGL	F	0.02%
GKOS	B	0.02%
AXSM	B	0.02%
SNPS	F	0.02%
ADTN	B	0.02%
CRNX	C	0.02%
UTZ	C	0.02%
MCY	B	0.02%
SMPL	D	0.02%
COOP	B	0.02%
CENTA	F	0.02%
ANET	A	0.02%
AMRK	B	0.02%
ALIT	D	0.02%
ACAD	F	0.02%
PTCT	C	0.02%
HAIN	B	0.02%
INSM	D	0.02%
SMCI	F	0.02%
BKD	D	0.02%
KRYS	D	0.02%
APLS	F	0.02%
RARE	C	0.02%
ATRC	C	0.02%
TSCO	A	0.02%
MHO	C	0.02%
ADV	F	0.02%
CCS	C	0.02%
APD	C	0.02%
TPH	C	0.02%
COMP	C	0.02%
IDXX	D	0.02%
CORT	B	0.02%
PFSI	C	0.02%
NOW	C	0.02%
LILAK	D	0.02%
ENTG	D	0.02%
JJSF	B	0.02%
TNET	F	0.02%
THS	C	0.02%
ABM	D	0.02%
BBIO	F	0.02%
EQIX	B	0.02%
KELYA	D	0.02%
USM	C	0.02%
JXN	A	0.02%
MSI	A	0.02%
WELL	C	0.02%
CME	A	0.02%
UNP	D	0.02%
MCO	D	0.02%
MMS	B	0.02%
EOLS	B	0.01%
DORM	C	0.01%
ONB	D	0.01%
UBSI	D	0.01%
IRTC	F	0.01%
POOL	B	0.01%
ABCB	C	0.01%
ELVN	B	0.01%
PNTG	C	0.01%
SFM	A	0.01%
YORW	D	0.01%
SRRK	F	0.01%
MIRM	D	0.01%
USPH	F	0.01%
RGNX	F	0.01%
CARR	A	0.01%
NX	F	0.01%
KE	F	0.01%
KIDS	F	0.01%
PJT	C	0.01%
SAGE	F	0.01%
PRLB	F	0.01%
SLAB	D	0.01%
VZIO	A	0.01%
MPWR	B	0.01%
GMS	C	0.01%
URBN	F	0.01%
BKU	D	0.01%
LFST	B	0.01%
FOUR	B	0.01%
CVCO	B	0.01%
CMC	D	0.01%
APAM	C	0.01%
CGEM	F	0.01%
TOST	C	0.01%
SSB	C	0.01%
GSAT	F	0.01%
CADE	D	0.01%
WGO	D	0.01%
BCRX	D	0.01%
SCHL	F	0.01%
MC	C	0.01%
BXC	D	0.01%
AEO	B	0.01%
MDXG	F	0.01%
ASB	F	0.01%
HURN	D	0.01%
HWC	D	0.01%
TCBI	C	0.01%
DAWN	D	0.01%
VRDN	A	0.01%
DIOD	F	0.01%
HMN	B	0.01%
VSAT	F	0.01%
PLUS	C	0.01%
FIX	A	0.01%
ACIW	B	0.01%
CCRN	F	0.01%
AVO	C	0.01%
UMBF	C	0.01%
VEEV	C	0.01%
DYN	D	0.01%
TRUP	D	0.01%
HGV	F	0.01%
KFRC	F	0.01%
WD	C	0.01%
IMVT	F	0.01%
SSYS	D	0.01%
KURA	F	0.01%
ACT	C	0.01%
KNF	C	0.01%
APP	A	0.01%
SYNA	D	0.01%
AKRO	C	0.01%
SATS	C	0.01%
FNA	F	0.01%
PIPR	B	0.01%
TVTX	C	0.01%
GRBK	C	0.01%
SKY	B	0.01%
LCII	B	0.01%
MNKD	C	0.01%
UCTT	D	0.01%
PTGX	C	0.01%
PRG	C	0.01%
EXLS	A	0.01%
FG	B	0.01%
BRC	C	0.01%
CRVL	C	0.01%
HTH	D	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%
IOSP	F	0.01%
AXNX	A	0.01%
TARS	C	0.01%
IRT	C	0.01%
BEAM	F	0.01%
MORN	C	0.01%
SNDX	F	0.01%
TDOC	D	0.01%
FHI	C	0.01%
KWR	D	0.01%
BECN	F	0.01%
ENS	D	0.01%
NGVT	D	0.01%
AGIO	D	0.01%
SBH	C	0.01%
ADMA	C	0.01%
UNF	A	0.01%
ANIP	F	0.01%
TTMI	D	0.01%
SXT	C	0.01%
INVA	B	0.01%
RCKT	F	0.01%
RXRX	F	0.01%
CPRX	C	0.01%
BGC	C	0.01%
CRSR	D	0.01%
TGNA	B	0.01%
NTLA	F	0.01%
CDNS	D	0.01%
AIV	C	0.01%
LMAT	B	0.01%
RNA	B	0.01%
ADUS	D	0.01%
TEX	F	0.01%
TNC	F	0.01%
JBSS	F	0.01%
FL	F	0.01%
CSTL	C	0.01%
EXPI	C	0.01%
KFY	C	0.01%
LGND	D	0.01%
GERN	D	0.01%
IRWD	F	0.01%
DVAX	D	0.01%
ICFI	C	0.01%
NMRK	A	0.01%
COLL	B	0.01%
BCC	C	0.01%
ASTH	A	0.01%
PBH	D	0.01%
ARVN	F	0.01%
NHC	D	0.01%
DFH	C	0.01%
BURL	D	0.01%
CGON	C	0.01%
ARDX	D	0.01%
XNCR	D	0.01%
NARI	F	0.01%
UFPI	C	0.01%
EVH	D	0.01%
STGW	B	0.01%
VCEL	F	0.01%
IDYA	F	0.01%
RYTM	C	0.01%
PRVA	F	0.01%
ADSK	B	0.01%
CNO	C	0.01%
KO	C	0.01%
LGF.A	F	0.01%
HRMY	D	0.01%
SPTN	B	0.01%
KROS	B	0.01%
ATEC	F	0.01%
CLDX	F	0.01%
KYMR	D	0.01%
VERA	C	0.01%
BZH	C	0.01%
GT	F	0.01%
VIR	F	0.01%
FDX	D	0.01%
GDDY	D	0.01%
AGL	F	0.01%
BHE	C	0.01%
NTRA	A	0.01%
PDCO	F	0.01%
NVAX	C	0.01%
EWTX	B	0.01%
ASGN	D	0.01%
SUPN	D	0.01%
TWST	D	0.01%
TGTX	C	0.01%
MYGN	D	0.01%
VRSK	D	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%
VRT	B	0.01%
ERIE	A	0.01%
AMN	F	0.01%
INSP	B	0.01%
NSIT	B	0.01%
ARWR	F	0.01%
ACLX	C	0.01%
JANX	D	0.01%
PANW	D	0.01%
FTNT	A	0.01%
WDAY	D	0.01%
PCRX	F	0.01%
ROP	C	0.01%
LGIH	C	0.01%
MRVL	C	0.01%
EDR	A	0.01%
MRVI	F	0.01%
ARES	A	0.01%
SIGI	D	0.01%
MSEX	C	0.01%
IOVA	F	0.01%
PSA	C	0.01%
GH	F	0.01%
SCLX	F	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%
YMAB	B	0.0%
PLAB	D	0.0%
ANAB	D	0.0%
WSFS	D	0.0%
WAFD	D	0.0%
APLT	B	0.0%
LYEL	F	0.0%
IRON	C	0.0%
ETNB	F	0.0%
PHAT	C	0.0%
CRAI	C	0.0%
LBPH	D	0.0%
UCBI	B	0.0%
PLRX	F	0.0%
MLI	C	0.0%
DFIN	C	0.0%
OSCR	C	0.0%
AEIS	F	0.0%
STEP	A	0.0%
CNS	C	0.0%
BSY	D	0.0%
MMI	C	0.0%
ZEUS	F	0.0%
NVEE	F	0.0%
GOLF	F	0.0%
HSII	C	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%
TTD	C	0.0%
GBCI	C	0.0%
CBZ	F	0.0%
NRIX	D	0.0%
PCTY	B	0.0%
HOMB	D	0.0%
ARQT	D	0.0%
SPRY	B	0.0%
ARCT	D	0.0%
CBT	B	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	B	0.0%
FULT	D	0.0%
IBP	B	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%
VCTR	B	0.0%
SFNC	C	0.0%
BBSI	C	0.0%
PLAY	D	0.0%
UFCS	D	0.0%
NSC	C	0.0%
TYRA	C	0.0%
SIBN	F	0.0%
UVE	C	0.0%
ROG	D	0.0%

HKND Underweight 317 Positions Relative to IWS

Symbol	Grade	Weight
WMB	A	-0.63%
OKE	B	-0.6%
LHX	A	-0.52%
PEG	A	-0.51%
KMI	A	-0.49%
PCG	B	-0.48%
EXC	A	-0.46%
ACGL	A	-0.46%
HWM	A	-0.43%
FERG	F	-0.42%
XEL	A	-0.41%
ED	A	-0.41%
NUE	D	-0.41%
BKR	B	-0.41%
FANG	D	-0.38%
VICI	C	-0.38%
EIX	A	-0.37%
WAB	A	-0.36%
DAL	C	-0.36%
MLM	D	-0.35%
WEC	A	-0.34%
WTW	B	-0.34%
ETR	A	-0.32%
HAL	F	-0.3%
DTE	A	-0.3%
GRMN	D	-0.3%
RCL	C	-0.3%
FE	B	-0.29%
PPL	A	-0.28%
WY	B	-0.28%
LYB	D	-0.28%
DVN	F	-0.28%
SW	C	-0.28%
ES	C	-0.27%
MSTR	B	-0.27%
YUM	A	-0.27%
VMC	D	-0.27%
STE	D	-0.26%
AEE	A	-0.26%
CBOE	A	-0.25%
LDOS	A	-0.25%
CMS	A	-0.24%
COO	C	-0.24%
TDY	A	-0.23%
LNG	A	-0.23%
BALL	C	-0.23%
ATO	A	-0.23%
APTV	D	-0.22%
STLD	B	-0.22%
EQT	B	-0.22%
LH	D	-0.21%
UAL	B	-0.21%
CHK	D	-0.21%
DG	F	-0.21%
CNP	B	-0.21%
PKG	C	-0.21%
CTRA	D	-0.2%
LUV	B	-0.2%
CCL	C	-0.2%
ZM	C	-0.2%
TSN	D	-0.19%
IP	C	-0.19%
NI	A	-0.18%
LNT	A	-0.18%
PNR	C	-0.18%
TXT	F	-0.18%
AMCR	B	-0.18%
GEN	B	-0.17%
HOOD	C	-0.17%
OC	C	-0.17%
EXPD	C	-0.17%
RVTY	B	-0.17%
MRO	D	-0.17%
JBHT	D	-0.16%
RNR	A	-0.16%
USFD	C	-0.16%
DLTR	F	-0.16%
EG	B	-0.16%
AES	B	-0.16%
GLPI	A	-0.15%
HES	D	-0.15%
EVRG	C	-0.15%
CVNA	A	-0.14%
ALLE	A	-0.14%
CHRW	A	-0.14%
CW	A	-0.14%
BJ	D	-0.13%
CCK	C	-0.13%
NRG	A	-0.13%
NVT	D	-0.13%
KMX	F	-0.13%
CASY	D	-0.13%
FTI	B	-0.13%
CUBE	C	-0.13%
RPM	A	-0.13%
BLD	C	-0.13%
PFGC	A	-0.12%
Z	C	-0.12%
PNW	A	-0.12%
HII	F	-0.12%
TPR	B	-0.12%
OVV	F	-0.12%
REXR	D	-0.12%
FBIN	C	-0.12%
AVY	C	-0.12%
CACI	A	-0.12%
WYNN	B	-0.11%
MKTX	C	-0.11%
CNH	B	-0.11%
FOXA	A	-0.11%
DPZ	D	-0.11%
AA	B	-0.11%
NTNX	C	-0.11%
NLY	C	-0.11%
OHI	C	-0.11%
TAP	D	-0.11%
ARMK	A	-0.11%
NWSA	D	-0.11%
FWONK	D	-0.11%
WWD	B	-0.11%
RIVN	F	-0.1%
ALSN	A	-0.1%
RBC	C	-0.1%
LAD	C	-0.1%
CZR	B	-0.1%
TWLO	B	-0.1%
NNN	A	-0.1%
GPK	C	-0.1%
EGP	D	-0.1%
AFRM	C	-0.1%
MGM	D	-0.1%
HRL	F	-0.1%
PRI	A	-0.1%
DRI	C	-0.1%
APA	F	-0.1%
RGLD	C	-0.1%
AGNC	C	-0.09%
MTZ	B	-0.09%
DTM	A	-0.09%
RL	B	-0.09%
X	F	-0.09%
WEX	C	-0.09%
WSM	B	-0.09%
COKE	B	-0.09%
COLD	D	-0.09%
KBR	C	-0.09%
BRBR	C	-0.09%
CHRD	F	-0.09%
BWA	B	-0.09%
SKX	B	-0.09%
BWXT	A	-0.09%
ATI	B	-0.09%
GWRE	A	-0.09%
OGE	A	-0.09%
KNX	D	-0.09%
AR	B	-0.09%
MHK	B	-0.09%
AAL	D	-0.08%
HR	D	-0.08%
JAZZ	F	-0.08%
BFAM	C	-0.08%
GNTX	D	-0.08%
CROX	C	-0.08%
G	A	-0.08%
CART	C	-0.08%
VFC	B	-0.08%
DINO	F	-0.08%
STAG	D	-0.08%
ELAN	D	-0.08%
PR	F	-0.08%
SAIC	A	-0.08%
RRC	D	-0.08%
FR	C	-0.08%
SSD	B	-0.08%
ADC	B	-0.08%
OLLI	C	-0.07%
MTSI	B	-0.07%
LEA	F	-0.07%
BPOP	D	-0.07%
AXS	A	-0.07%
STWD	C	-0.07%
PARA	F	-0.07%
LW	D	-0.07%
AZPN	C	-0.07%
MSA	F	-0.07%
NOV	F	-0.07%
OKTA	F	-0.07%
OSK	F	-0.07%
CGNX	F	-0.07%
MKSI	F	-0.07%
LSTR	D	-0.07%
SOFI	C	-0.07%
LBRDK	B	-0.07%
CCCS	D	-0.06%
HXL	F	-0.06%
W	D	-0.06%
UGI	C	-0.06%
IDA	C	-0.06%
ST	F	-0.06%
S	C	-0.06%
SON	D	-0.06%
PVH	F	-0.06%
NFG	A	-0.06%
MDU	C	-0.06%
MTDR	F	-0.06%
SIRI	C	-0.06%
RITM	D	-0.06%
OLN	D	-0.06%
ALK	B	-0.06%
VMI	B	-0.06%
SN	B	-0.06%
RH	C	-0.05%
CLF	D	-0.05%
AGO	B	-0.05%
LITE	A	-0.05%
M	F	-0.05%
SLGN	C	-0.05%
BYD	C	-0.05%
CUZ	C	-0.05%
KRC	C	-0.05%
AN	C	-0.05%
HOG	D	-0.05%
AL	D	-0.05%
RYN	C	-0.05%
OLED	C	-0.05%
LINE	F	-0.05%
SAIA	D	-0.05%
CPRI	B	-0.05%
PSN	A	-0.05%
SLM	C	-0.05%
WSC	D	-0.05%
ROIV	D	-0.05%
JHG	C	-0.05%
DOCS	A	-0.05%
ZI	F	-0.04%
AM	A	-0.04%
AMTM	D	-0.04%
PLNT	B	-0.04%
NSA	C	-0.04%
VNOM	B	-0.04%
SPR	D	-0.04%
PRGO	F	-0.04%
MPW	C	-0.04%
HIW	C	-0.04%
LBTYK	A	-0.04%
DNB	D	-0.04%
LBTYA	A	-0.04%
U	D	-0.04%
EPR	C	-0.04%
NEU	F	-0.04%
CIVI	F	-0.04%
AWI	A	-0.04%
BILL	D	-0.04%
MP	B	-0.03%
EXP	C	-0.03%
KSS	D	-0.03%
CRI	D	-0.03%
QDEL	D	-0.03%
LLYVK	A	-0.03%
SHC	C	-0.03%
YETI	B	-0.03%
CWEN	C	-0.03%
AGR	C	-0.03%
CLVT	D	-0.03%
CXT	F	-0.03%
COLM	B	-0.03%
PENN	D	-0.03%
LOPE	D	-0.03%
LCID	D	-0.03%
PK	D	-0.03%
PAG	D	-0.03%
CERT	F	-0.02%
LYFT	D	-0.02%
WEN	D	-0.02%
INFA	D	-0.02%
UA	B	-0.02%
UAA	B	-0.02%
GO	F	-0.02%
LEG	D	-0.02%
PPC	B	-0.02%
QS	F	-0.02%
BIRK	F	-0.02%
VSTS	D	-0.02%
AZEK	C	-0.02%
SAM	D	-0.02%
GLOB	B	-0.02%
ADT	D	-0.02%
ETSY	F	-0.02%
LPX	A	-0.02%
BROS	F	-0.02%
HAYW	B	-0.02%
JWN	D	-0.02%
PLTK	C	-0.01%
TFSL	F	-0.01%
PATH	D	-0.01%
SEB	D	-0.01%
PYCR	D	-0.01%
LSCC	D	-0.01%
CAR	D	-0.01%
AS	B	-0.01%
CWEN	C	-0.01%
NCNO	F	-0.01%
LLYVA	A	-0.01%
HCP	B	-0.01%
DV	F	-0.01%
FWONA	C	-0.01%
ALAB	D	-0.01%
WOLF	F	-0.01%
DDS	D	-0.01%
SNDR	C	-0.01%
SEG	D	-0.0%
LOAR	C	-0.0%
PARAA	D	-0.0%
NFE	F	-0.0%
GRAL	F	-0.0%
LAZ	C	-0.0%
DJT	F	-0.0%