HKND vs. JPUS ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$122.50

Average Daily Volume

6,905

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	HKND	JPUS
30 Days	1.63%	2.72%
60 Days	0.72%	2.86%
90 Days	1.42%	5.12%
12 Months	19.65%	27.89%

216 Overlapping Holdings

	Symbol	Grade	Weight in HKND	Weight in JPUS	Overlap
	AAPL	C	2.18%	0.36%	0.36%
	ABBV	D	1.67%	0.33%	0.33%
	ABT	B	1.09%	0.31%	0.31%
	ACI	C	0.07%	0.31%	0.07%
	ADBE	C	0.05%	0.05%	0.05%
	ADI	D	0.04%	0.35%	0.04%
	ADM	D	1.37%	0.34%	0.34%
	AFG	A	0.04%	0.06%	0.04%
	AFL	B	0.09%	0.38%	0.09%
	ALLY	C	0.04%	0.24%	0.04%
	AMAT	F	0.14%	0.31%	0.14%
	AMGN	D	0.96%	0.35%	0.35%
	AMP	A	0.09%	0.29%	0.09%
	ANET	C	0.02%	0.47%	0.02%
	AOS	F	0.01%	0.3%	0.01%
	APH	A	0.05%	0.42%	0.05%
	APO	B	0.04%	0.23%	0.04%
	ASH	D	0.01%	0.19%	0.01%
	AVB	B	0.07%	0.31%	0.07%
	AVGO	D	0.12%	0.38%	0.12%
	AZO	C	0.04%	0.35%	0.04%
	BAC	A	0.59%	0.31%	0.31%
	BBY	D	0.25%	0.24%	0.24%
	BDX	F	1.09%	0.19%	0.19%
	BG	F	0.82%	0.34%	0.34%
	BKNG	A	0.08%	0.18%	0.08%
	BLDR	D	0.02%	0.34%	0.02%
	BMY	B	1.05%	0.25%	0.25%
	BRX	A	0.01%	0.37%	0.01%
	CAG	D	0.31%	0.32%	0.31%
	CAH	B	0.33%	0.36%	0.33%
	CARR	D	0.0%	0.09%	0.0%
	CBRE	B	0.12%	0.05%	0.05%
	CCI	D	0.02%	0.16%	0.02%
	CDNS	B	0.01%	0.33%	0.01%
	CE	F	0.01%	0.2%	0.01%
	CF	B	0.98%	0.32%	0.32%
	CFG	B	0.04%	0.07%	0.04%
	CHD	B	0.37%	0.34%	0.34%
	CHE	D	0.02%	0.16%	0.02%
	CHTR	C	0.2%	0.4%	0.2%
	CI	F	1.0%	0.35%	0.35%
	CIEN	B	0.01%	0.52%	0.01%
	CL	D	1.18%	0.32%	0.32%
	CLH	B	0.01%	0.41%	0.01%
	CLX	B	0.24%	0.35%	0.24%
	CMCSA	B	0.71%	0.42%	0.42%
	CMI	A	0.06%	0.42%	0.06%
	CNM	D	0.01%	0.21%	0.01%
	COF	B	0.2%	0.45%	0.2%
	COR	B	0.34%	0.39%	0.34%
	CPB	D	0.07%	0.33%	0.07%
	CPT	B	0.03%	0.17%	0.03%
	CRUS	D	0.0%	0.1%	0.0%
	CSCO	B	0.19%	0.41%	0.19%
	CSL	C	0.03%	0.17%	0.03%
	CSX	B	0.01%	0.13%	0.01%
	CTSH	B	0.08%	0.37%	0.08%
	CTVA	C	1.43%	0.3%	0.3%
	CVS	D	0.43%	0.36%	0.36%
	DFS	B	0.09%	0.13%	0.09%
	DGX	A	0.62%	0.36%	0.36%
	DHI	D	0.14%	0.33%	0.14%
	DHR	F	0.51%	0.27%	0.27%
	DKS	C	0.02%	0.36%	0.02%
	DLB	B	0.01%	0.06%	0.01%
	DOW	F	0.17%	0.26%	0.17%
	DOX	D	0.02%	0.24%	0.02%
	DVA	B	0.13%	0.37%	0.13%
	EA	A	0.02%	0.19%	0.02%
	ECL	D	0.89%	0.29%	0.29%
	ELV	F	0.32%	0.26%	0.26%
	EMN	D	0.01%	0.32%	0.01%
	EQR	B	0.07%	0.2%	0.07%
	ESI	A	0.01%	0.3%	0.01%
	ESS	B	0.04%	0.37%	0.04%
	FAST	B	0.03%	0.39%	0.03%
	FCNCA	A	0.01%	0.43%	0.01%
	FITB	A	0.05%	0.31%	0.05%
	FLO	D	0.09%	0.21%	0.09%
	FNF	B	0.07%	0.35%	0.07%
	FRT	B	0.0%	0.09%	0.0%
	FTRE	D	0.1%	0.03%	0.03%
	FYBR	D	0.04%	0.37%	0.04%
	GAP	C	0.02%	0.2%	0.02%
	GEHC	F	0.9%	0.22%	0.22%
	GEN	B	0.01%	0.07%	0.01%
	GILD	C	0.85%	0.35%	0.35%
	GIS	D	0.26%	0.33%	0.26%
	GOOGL	C	4.19%	0.11%	0.11%
	GWW	B	0.06%	0.43%	0.06%
	HBAN	A	0.03%	0.33%	0.03%
	HCA	F	0.85%	0.34%	0.34%
	HIG	B	0.1%	0.39%	0.1%
	HOLX	D	0.26%	0.28%	0.26%
	HPE	B	0.22%	0.3%	0.22%
	HRB	D	0.01%	0.36%	0.01%
	HST	C	0.02%	0.4%	0.02%
	HSY	F	0.06%	0.26%	0.06%
	HUBB	B	0.01%	0.35%	0.01%
	HUN	F	0.04%	0.16%	0.04%
	IBM	C	0.25%	0.3%	0.25%
	IFF	D	0.05%	0.21%	0.05%
	INGR	B	0.53%	0.42%	0.42%
	INTU	C	0.03%	0.36%	0.03%
	IPG	D	0.03%	0.15%	0.03%
	IRDM	D	0.03%	0.06%	0.03%
	IRM	D	0.01%	0.39%	0.01%
	IT	C	0.03%	0.32%	0.03%
	ITT	A	0.01%	0.24%	0.01%
	ITW	B	0.03%	0.34%	0.03%
	JEF	A	0.05%	0.3%	0.05%
	JLL	D	0.05%	0.41%	0.05%
	JNPR	F	0.01%	0.38%	0.01%
	K	A	0.26%	0.38%	0.26%
	KDP	D	0.03%	0.26%	0.03%
	KEY	B	0.04%	0.06%	0.04%
	KIM	A	0.01%	0.33%	0.01%
	KLAC	D	0.04%	0.32%	0.04%
	KMB	D	0.09%	0.34%	0.09%
	KO	D	0.01%	0.33%	0.01%
	KR	B	0.23%	0.43%	0.23%
	KVUE	A	0.43%	0.39%	0.39%
	LAMR	D	0.01%	0.39%	0.01%
	LEN	D	0.14%	0.36%	0.14%
	LH	C	0.93%	0.28%	0.28%
	LLY	F	1.74%	0.33%	0.33%
	LOW	D	0.25%	0.37%	0.25%
	LRCX	F	0.09%	0.26%	0.09%
	MAA	B	0.05%	0.21%	0.05%
	MAS	D	0.02%	0.3%	0.02%
	MCK	B	0.52%	0.46%	0.46%
	MDLZ	F	0.29%	0.33%	0.29%
	MEDP	D	0.04%	0.19%	0.04%
	MMC	B	0.12%	0.05%	0.05%
	MOH	F	0.07%	0.14%	0.07%
	MOS	F	1.63%	0.17%	0.17%
	MRK	F	1.52%	0.26%	0.26%
	MSFT	F	2.38%	0.35%	0.35%
	MSI	B	0.03%	0.43%	0.03%
	MSM	C	0.01%	0.25%	0.01%
	MTG	C	0.01%	0.35%	0.01%
	NTAP	C	0.03%	0.31%	0.03%
	NVDA	C	0.11%	0.45%	0.11%
	NVR	D	0.05%	0.38%	0.05%
	NXST	C	0.01%	0.36%	0.01%
	OMF	A	0.02%	0.22%	0.02%
	ORCL	B	0.22%	0.41%	0.22%
	ORI	A	0.04%	0.3%	0.04%
	ORLY	B	0.04%	0.37%	0.04%
	PEP	F	0.38%	0.34%	0.34%
	PFG	D	0.06%	0.1%	0.06%
	PG	A	3.88%	0.36%	0.36%
	PGR	A	0.22%	0.39%	0.22%
	PH	A	0.04%	0.39%	0.04%
	PHM	D	0.07%	0.38%	0.07%
	PLD	D	0.02%	0.01%	0.01%
	POST	C	0.07%	0.35%	0.07%
	PRU	A	0.18%	0.1%	0.1%
	PSA	D	0.01%	0.34%	0.01%
	PWR	A	0.02%	0.46%	0.02%
	QCOM	F	0.14%	0.3%	0.14%
	R	B	0.02%	0.18%	0.02%
	REG	B	0.01%	0.38%	0.01%
	REGN	F	0.41%	0.26%	0.26%
	RF	A	0.04%	0.09%	0.04%
	RGA	A	0.06%	0.17%	0.06%
	RHI	B	0.04%	0.17%	0.04%
	RMD	C	0.19%	0.07%	0.07%
	ROKU	D	0.05%	0.0%	0.0%
	ROST	C	0.02%	0.23%	0.02%
	RS	B	0.03%	0.38%	0.03%
	RSG	A	0.04%	0.4%	0.04%
	RVTY	F	0.11%	0.23%	0.11%
	SCI	B	0.02%	0.18%	0.02%
	SJM	D	0.46%	0.21%	0.21%
	SMG	D	0.05%	0.1%	0.05%
	SNX	C	0.06%	0.24%	0.06%
	SPB	C	0.29%	0.27%	0.27%
	SPG	B	0.03%	0.41%	0.03%
	SSNC	B	0.02%	0.04%	0.02%
	STT	A	0.1%	0.13%	0.1%
	SWKS	F	0.02%	0.14%	0.02%
	SYF	B	0.09%	0.52%	0.09%
	SYK	C	1.2%	0.28%	0.28%
	SYY	B	0.07%	0.36%	0.07%
	T	A	0.89%	0.4%	0.4%
	TGT	F	0.13%	0.24%	0.13%
	THC	D	0.32%	0.4%	0.32%
	TJX	A	0.07%	0.34%	0.07%
	TKR	D	0.0%	0.19%	0.0%
	TMO	F	0.75%	0.15%	0.15%
	TMUS	B	0.44%	0.47%	0.44%
	TNL	A	0.01%	0.07%	0.01%
	TOL	B	0.05%	0.42%	0.05%
	TSCO	D	0.02%	0.34%	0.02%
	UHS	D	0.18%	0.33%	0.18%
	UI	A	0.01%	0.17%	0.01%
	UNH	C	0.96%	0.34%	0.34%
	UNM	A	0.04%	0.51%	0.04%
	UNP	C	0.02%	0.27%	0.02%
	USB	A	0.14%	0.11%	0.11%
	UTHR	C	0.09%	0.42%	0.09%
	VIRT	B	0.0%	0.12%	0.0%
	VLTO	D	0.32%	0.04%	0.04%
	VRTX	F	0.61%	0.37%	0.37%
	VTR	C	0.06%	0.25%	0.06%
	VTRS	A	0.25%	0.23%	0.23%
	VZ	C	0.86%	0.38%	0.38%
	WELL	A	0.03%	0.4%	0.03%
	WLK	D	0.05%	0.32%	0.05%
	WM	A	0.06%	0.41%	0.06%
	WPC	D	0.01%	0.21%	0.01%
	WRB	A	0.04%	0.12%	0.04%
	WST	C	0.07%	0.27%	0.07%
	WU	D	0.02%	0.11%	0.02%

HKND Overweight 744 Positions Relative to JPUS

	Symbol	Grade	Weight
	JNJ	D	1.97%
	DE	A	1.95%
	INTC	D	1.8%
	PFE	D	1.42%
	WMT	A	1.15%
	DELL	C	1.11%
	HPQ	B	0.79%
	JPM	A	0.77%
	BSX	B	0.76%
	BAX	D	0.7%
	AMZN	C	0.68%
	FMC	D	0.66%
	AGCO	D	0.66%
	FDP	B	0.57%
	WFC	A	0.53%
	MS	A	0.45%
	ZBH	C	0.45%
	C	A	0.44%
	IQV	D	0.43%
	HD	A	0.4%
	GS	A	0.39%
	ISRG	A	0.35%
	AWK	D	0.34%
	DD	D	0.31%
	J	F	0.28%
	EW	C	0.28%
	FELE	B	0.27%
	CNC	D	0.26%
	DIS	B	0.24%
	BIIB	F	0.24%
	AXP	A	0.23%
	HUM	C	0.23%
	AIG	B	0.23%
	ALL	A	0.22%
	WBA	F	0.21%
	MET	A	0.21%
	TSLA	B	0.21%
	ZWS	B	0.19%
	TRV	B	0.18%
	SOLV	C	0.17%
	V	A	0.17%
	LUMN	C	0.15%
	MRNA	F	0.15%
	ENOV	C	0.15%
	A	D	0.14%
	TFX	F	0.14%
	DXCM	D	0.14%
	FSLR	F	0.14%
	CTLT	B	0.14%
	JBL	B	0.14%
	AIZ	A	0.13%
	PNC	B	0.12%
	BLK	C	0.12%
	MU	D	0.12%
	BK	A	0.12%
	MA	C	0.12%
	AVTR	F	0.12%
	HSIC	B	0.12%
	GLW	B	0.11%
	TFC	A	0.11%
	COST	B	0.11%
	SEM	B	0.11%
	TITN	C	0.11%
	INCY	C	0.11%
	NFLX	A	0.1%
	WDC	D	0.1%
	CRM	B	0.1%
	RPRX	D	0.1%
	RDNT	B	0.1%
	PYPL	B	0.1%
	TXN	C	0.1%
	IART	C	0.1%
	AHCO	F	0.1%
	ILMN	D	0.1%
	MASI	A	0.1%
	ICUI	D	0.1%
	PODD	C	0.09%
	MAN	D	0.09%
	SCHW	B	0.09%
	BIO	D	0.09%
	ALNY	D	0.09%
	CRL	C	0.09%
	EMBC	C	0.08%
	RUN	F	0.08%
	DXC	B	0.08%
	UAN	B	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%
	ALG	B	0.08%
	LXU	B	0.08%
	GMED	A	0.07%
	NBIX	C	0.07%
	FOX	A	0.07%
	FI	A	0.07%
	RJF	A	0.07%
	SQ	B	0.07%
	BMRN	D	0.07%
	CWT	D	0.07%
	WAT	B	0.07%
	ENPH	F	0.07%
	MMSI	B	0.07%
	ADP	B	0.07%
	MTD	D	0.07%
	HAE	C	0.07%
	UNFI	A	0.06%
	BERY	B	0.06%
	GXO	B	0.06%
	MKL	A	0.06%
	EQH	B	0.06%
	L	A	0.06%
	EXEL	B	0.06%
	MMM	D	0.06%
	CNMD	C	0.06%
	AYI	B	0.06%
	AMD	F	0.06%
	CRBG	B	0.06%
	CDW	F	0.06%
	TECH	D	0.06%
	MAR	B	0.06%
	FAF	A	0.05%
	SUI	D	0.05%
	INVH	D	0.05%
	LBRDA	C	0.05%
	SHW	A	0.05%
	SJW	D	0.05%
	BRKR	D	0.05%
	WHR	B	0.05%
	EXPE	B	0.05%
	OPK	C	0.05%
	LNC	B	0.05%
	LPLA	A	0.05%
	SRPT	D	0.05%
	OMC	C	0.05%
	PEN	B	0.05%
	EBAY	D	0.05%
	LNN	B	0.04%
	ZBRA	B	0.04%
	SNEX	B	0.04%
	BEN	C	0.04%
	GPN	B	0.04%
	LYV	A	0.04%
	FIS	C	0.04%
	TMHC	B	0.04%
	GME	C	0.04%
	RVMD	C	0.04%
	PCVX	D	0.04%
	SCSC	B	0.04%
	ITCI	C	0.04%
	AJG	B	0.04%
	OMI	F	0.04%
	NOVT	D	0.04%
	AVNS	F	0.04%
	MD	B	0.04%
	TTC	D	0.04%
	CTAS	B	0.04%
	EMR	A	0.04%
	CR	A	0.04%
	GPC	D	0.04%
	MTB	A	0.04%
	TDS	B	0.04%
	AWR	B	0.04%
	WMG	C	0.04%
	MKC	D	0.04%
	TROW	B	0.04%
	KLG	C	0.04%
	CINF	A	0.04%
	NTRS	A	0.04%
	TWI	F	0.03%
	EL	F	0.03%
	HLT	A	0.03%
	LNTH	D	0.03%
	CME	A	0.03%
	CORT	B	0.03%
	WSO	A	0.03%
	USM	B	0.03%
	MCO	B	0.03%
	OPCH	D	0.03%
	ZG	A	0.03%
	KMPR	B	0.03%
	HALO	F	0.03%
	KBH	D	0.03%
	JXN	C	0.03%
	ON	D	0.03%
	HWKN	B	0.03%
	THG	A	0.03%
	SMMT	D	0.03%
	WTS	B	0.03%
	ENSG	D	0.03%
	NEO	C	0.03%
	GNW	A	0.03%
	MIDD	C	0.03%
	SGRY	F	0.03%
	IONS	F	0.03%
	CHWY	B	0.03%
	CYTK	F	0.03%
	SPGI	C	0.03%
	VOYA	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%
	AMRX	C	0.03%
	ENR	B	0.03%
	DAR	C	0.03%
	NWS	B	0.03%
	REZI	A	0.03%
	CG	A	0.03%
	PPG	F	0.03%
	UDR	B	0.03%
	LKQ	D	0.03%
	BPMC	C	0.03%
	SWK	D	0.03%
	IVZ	B	0.03%
	SANM	B	0.03%
	VYX	B	0.03%
	CNXN	C	0.03%
	VKTX	F	0.03%
	BKD	D	0.02%
	SUPN	C	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%
	BXP	D	0.02%
	WDAY	B	0.02%
	APP	B	0.02%
	AIT	A	0.02%
	ACLX	C	0.02%
	PCRX	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%
	TGTX	B	0.02%
	KELYA	F	0.02%
	CCS	D	0.02%
	EPAM	C	0.02%
	IDXX	F	0.02%
	ATR	B	0.02%
	FTNT	C	0.02%
	ADTN	A	0.02%
	CENTA	C	0.02%
	EVR	B	0.02%
	ESAB	B	0.02%
	AAP	C	0.02%
	GKOS	B	0.02%
	APLS	D	0.02%
	INSM	C	0.02%
	MHO	D	0.02%
	THS	D	0.02%
	FHN	A	0.02%
	AXSM	B	0.02%
	SNPS	B	0.02%
	PLXS	B	0.02%
	MRVL	B	0.02%
	ADV	D	0.02%
	PFSI	D	0.02%
	COOP	B	0.02%
	WCC	B	0.02%
	ZION	B	0.02%
	SMPL	B	0.02%
	ATEC	C	0.02%
	TPH	D	0.02%
	KRYS	B	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%
	AMKR	D	0.02%
	MCY	A	0.02%
	CRNX	C	0.02%
	NWL	B	0.02%
	CMA	A	0.02%
	NDAQ	A	0.02%
	PTCT	B	0.02%
	BRO	B	0.02%
	APD	A	0.02%
	LECO	B	0.02%
	XRX	F	0.02%
	MCHP	D	0.02%
	JJSF	B	0.02%
	DLR	B	0.02%
	COMP	B	0.02%
	ROK	B	0.02%
	IBKR	A	0.02%
	MMS	F	0.02%
	TNET	D	0.02%
	OPEN	D	0.02%
	BBIO	F	0.02%
	TPG	A	0.02%
	AMED	F	0.02%
	EME	C	0.02%
	GFS	C	0.02%
	MDGL	B	0.02%
	SIRI	C	0.02%
	TNDM	F	0.02%
	FLGT	F	0.02%
	RKT	F	0.02%
	PAYX	C	0.02%
	EQIX	A	0.02%
	ATRC	C	0.02%
	NOW	A	0.02%
	ARW	D	0.02%
	NUVL	D	0.02%
	NSP	D	0.02%
	ABM	B	0.02%
	MTH	D	0.02%
	UVE	B	0.01%
	CCRN	F	0.01%
	SONO	C	0.01%
	VCYT	B	0.01%
	CTS	C	0.01%
	OCUL	D	0.01%
	NSC	B	0.01%
	AEO	F	0.01%
	CGEM	F	0.01%
	PCTY	B	0.01%
	FIVE	F	0.01%
	MAT	D	0.01%
	ELVN	D	0.01%
	VCTR	B	0.01%
	FULT	A	0.01%
	RGNX	F	0.01%
	VZIO	A	0.01%
	PLUS	F	0.01%
	NYT	C	0.01%
	BBSI	B	0.01%
	SFNC	B	0.01%
	IEX	B	0.01%
	PLAY	D	0.01%
	USPH	B	0.01%
	SATS	D	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%
	UBSI	B	0.01%
	IRTC	D	0.01%
	LFST	C	0.01%
	NX	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%
	GMS	B	0.01%
	CVCO	A	0.01%
	DYN	F	0.01%
	DORM	B	0.01%
	GTES	A	0.01%
	GRBK	D	0.01%
	TMCI	D	0.01%
	MIRM	B	0.01%
	CMC	B	0.01%
	WTM	A	0.01%
	FOUR	B	0.01%
	WGO	C	0.01%
	APAM	B	0.01%
	QRVO	F	0.01%
	BKU	A	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%
	UCTT	D	0.01%
	ACT	D	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%
	SFM	A	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%
	HURN	B	0.01%
	BXC	B	0.01%
	VNT	B	0.01%
	IPGP	D	0.01%
	RLI	B	0.01%
	ACIW	B	0.01%
	CADE	B	0.01%
	FIX	A	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%
	SKY	A	0.01%
	FICO	B	0.01%
	AMN	F	0.01%
	PRG	C	0.01%
	TDC	D	0.01%
	UWMC	D	0.01%
	ARDX	F	0.01%
	SNA	A	0.01%
	MYGN	F	0.01%
	HGV	B	0.01%
	BRC	D	0.01%
	FDS	B	0.01%
	VRSN	F	0.01%
	ASTH	D	0.01%
	ASB	B	0.01%
	FG	B	0.01%
	ASIX	A	0.01%
	RDN	C	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%
	ENS	D	0.01%
	SSYS	C	0.01%
	COLL	F	0.01%
	KWR	C	0.01%
	DAY	B	0.01%
	CRVL	A	0.01%
	GERN	D	0.01%
	LANC	C	0.01%
	TRUP	B	0.01%
	PIPR	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%
	SITE	D	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%
	ANIP	F	0.01%
	UHAL	D	0.01%
	SBH	C	0.01%
	SXT	B	0.01%
	MRVI	F	0.01%
	CABO	C	0.01%
	TNC	D	0.01%
	AIV	C	0.01%
	FL	F	0.01%
	MSCI	C	0.01%
	UNF	B	0.01%
	ADUS	D	0.01%
	INVA	D	0.01%
	ARE	D	0.01%
	ADMA	B	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%
	NSIT	F	0.01%
	BECN	B	0.01%
	PINC	B	0.01%
	TEX	D	0.01%
	MDXG	B	0.01%
	PAYC	B	0.01%
	HLI	B	0.01%
	WBS	A	0.01%
	ERIE	D	0.01%
	HRMY	D	0.01%
	CGON	F	0.01%
	NMRK	B	0.01%
	IDT	B	0.01%
	AXTA	A	0.01%
	BCC	B	0.01%
	AGIO	C	0.01%
	CPRX	C	0.01%
	IRWD	F	0.01%
	FNA	C	0.01%
	KFY	B	0.01%
	KEX	C	0.01%
	FTV	C	0.01%
	BGC	C	0.01%
	ARVN	D	0.01%
	TWST	D	0.01%
	ALB	C	0.01%
	LMAT	A	0.01%
	IDYA	F	0.01%
	HOV	D	0.01%
	CNXC	F	0.01%
	NHC	C	0.01%
	WTFC	A	0.01%
	KEYS	A	0.01%
	BURL	A	0.01%
	TGNA	B	0.01%
	TTWO	A	0.01%
	BOKF	B	0.01%
	VSH	D	0.01%
	UFPI	B	0.01%
	WAL	B	0.01%
	PDCO	D	0.01%
	CSTL	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%
	TARS	B	0.01%
	CSGP	D	0.01%
	NVST	B	0.01%
	HHH	B	0.01%
	LGND	B	0.01%
	BC	C	0.01%
	RGEN	D	0.01%
	RRX	B	0.01%
	PBH	A	0.01%
	TRU	D	0.01%
	AKAM	D	0.01%
	H	B	0.01%
	ASGN	F	0.01%
	DVAX	C	0.01%
	GNRC	B	0.01%
	BZH	B	0.01%
	UFPT	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%
	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%
	BHE	B	0.01%
	TTEK	F	0.01%
	EWBC	A	0.01%
	AMG	B	0.01%
	FDX	B	0.01%
	PRVA	B	0.01%
	VCEL	B	0.01%
	SNV	B	0.01%
	DOV	A	0.01%
	LILAK	D	0.01%
	VERA	B	0.01%
	ABNB	C	0.01%
	CNDT	C	0.01%
	VRSK	A	0.01%
	VIR	D	0.01%
	ROP	B	0.01%
	COHR	B	0.01%
	AMPH	D	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%
	BLFS	C	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%
	SIGA	F	0.0%
	ALGM	D	0.0%
	STOK	F	0.0%
	FORM	D	0.0%
	OSCR	D	0.0%
	YMAB	F	0.0%
	LQDA	D	0.0%
	ALEC	F	0.0%
	ALT	C	0.0%
	CTKB	C	0.0%
	NUVB	C	0.0%
	PLAB	C	0.0%
	RLAY	F	0.0%
	DFIN	D	0.0%
	PGNY	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%
	EOLS	D	0.0%
	ZEUS	C	0.0%
	REYN	D	0.0%
	IBP	D	0.0%
	WSFS	A	0.0%
	CRAI	B	0.0%
	ONTO	D	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%
	MLI	C	0.0%
	AZZ	B	0.0%
	FHB	A	0.0%
	ARQT	C	0.0%
	TKO	B	0.0%
	KIDS	D	0.0%
	ANF	C	0.0%
	SIBN	F	0.0%
	TRIP	F	0.0%
	TTD	B	0.0%
	CHH	A	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%
	HSII	B	0.0%
	CATY	B	0.0%
	YORW	D	0.0%
	POOL	C	0.0%
	SLAB	D	0.0%
	GBCI	B	0.0%

HKND Underweight 139 Positions Relative to JPUS

	Symbol	Grade	Weight
	VST	B	-0.64%
	TRGP	B	-0.5%
	KMI	A	-0.48%
	NRG	B	-0.46%
	PFGC	B	-0.46%
	ETR	B	-0.46%
	IP	B	-0.46%
	USFD	A	-0.44%
	ETN	A	-0.43%
	TAP	C	-0.43%
	GRMN	B	-0.43%
	CEG	D	-0.42%
	ALSN	B	-0.42%
	META	D	-0.42%
	XOM	B	-0.41%
	WMB	A	-0.41%
	NI	A	-0.41%
	CASY	A	-0.41%
	PEG	A	-0.41%
	VLO	C	-0.4%
	FANG	D	-0.39%
	BRK.A	B	-0.39%
	PM	B	-0.39%
	MO	A	-0.39%
	PNW	B	-0.39%
	PPL	B	-0.39%
	AM	A	-0.38%
	OHI	C	-0.38%
	STLD	B	-0.38%
	TSN	B	-0.37%
	SRE	A	-0.37%
	SO	D	-0.37%
	MRO	B	-0.37%
	GD	F	-0.36%
	OGE	B	-0.36%
	EIX	B	-0.36%
	SCCO	F	-0.36%
	DUK	C	-0.36%
	LMT	D	-0.36%
	XEL	A	-0.36%
	MPC	D	-0.36%
	CTRA	B	-0.35%
	PSX	C	-0.35%
	CUBE	D	-0.35%
	HRL	D	-0.35%
	CVX	A	-0.35%
	D	C	-0.34%
	PAG	B	-0.34%
	KHC	F	-0.34%
	GLPI	C	-0.34%
	FE	C	-0.34%
	ED	D	-0.34%
	WEC	A	-0.34%
	LNG	B	-0.34%
	OC	A	-0.34%
	EVRG	A	-0.34%
	VICI	C	-0.33%
	X	C	-0.33%
	BAH	F	-0.32%
	EOG	A	-0.32%
	ACN	C	-0.32%
	ACGL	D	-0.31%
	LYB	F	-0.31%
	EXC	C	-0.31%
	UGI	A	-0.31%
	WY	D	-0.31%
	AEP	D	-0.31%
	WSM	B	-0.31%
	STZ	D	-0.31%
	DTE	C	-0.3%
	NUE	C	-0.3%
	PKG	A	-0.3%
	NFG	A	-0.3%
	CAT	B	-0.28%
	CMS	C	-0.28%
	GNTX	C	-0.28%
	EG	C	-0.28%
	RPM	A	-0.28%
	COP	C	-0.28%
	LIN	D	-0.28%
	ZTS	D	-0.27%
	CB	C	-0.27%
	OLN	D	-0.26%
	AVY	D	-0.26%
	DINO	D	-0.26%
	FCX	D	-0.25%
	STE	F	-0.25%
	CBOE	B	-0.25%
	SAM	C	-0.24%
	PK	B	-0.24%
	DRI	B	-0.24%
	BRBR	A	-0.24%
	MDT	D	-0.23%
	PR	B	-0.23%
	STAG	F	-0.23%
	LDOS	C	-0.22%
	EXP	A	-0.21%
	COKE	C	-0.21%
	PPC	C	-0.21%
	BPOP	B	-0.21%
	F	C	-0.19%
	NEM	D	-0.18%
	CLF	F	-0.18%
	STWD	C	-0.18%
	M	D	-0.18%
	NEU	C	-0.18%
	EPR	D	-0.17%
	DTM	B	-0.17%
	FR	C	-0.16%
	ATO	A	-0.16%
	NNN	D	-0.16%
	KRC	C	-0.16%
	HIW	D	-0.15%
	CACI	D	-0.14%
	FBIN	D	-0.12%
	SLM	A	-0.11%
	VVV	F	-0.11%
	DVN	F	-0.1%
	OXY	D	-0.1%
	LOPE	B	-0.09%
	RGLD	C	-0.08%
	SAIC	F	-0.08%
	LPX	B	-0.08%
	RBC	A	-0.07%
	PCAR	B	-0.06%
	NKE	D	-0.06%
	EGP	F	-0.06%
	AGO	B	-0.05%
	NSA	D	-0.05%
	CWEN	C	-0.05%
	RRC	B	-0.05%
	LSTR	D	-0.04%
	CRI	D	-0.03%
	HOG	D	-0.03%
	MNST	C	-0.03%
	LEG	F	-0.02%
	IDA	A	-0.02%
	KSS	F	-0.01%
	SON	D	-0.01%

HKND: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Diversified Industrials Software - Application Diagnostics & Research Asset Management Business Services Medical Devices Semiconductors Capital Markets Medical Instruments & Supplies Packaged Foods Insurance - Property & Casualty Residential Construction Specialty Chemicals Specialty Retail Medical Care Drug Manufacturers - Specialty & Generic Telecom Services REIT - Residential

Keywords: S&P 500 Medicine Nasdaq 100 Biopharmaceutical Biotechnology Bank Insurance Banking Computing Cancer Electronics Telecommunications Life Sciences Semiconductor Chemical Aerospace Pharmaceutical Clinical Medicine Disease Mining

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Information Technology Services REIT - Industrial REIT - Retail Communication Equipment Credit Services Diagnostics & Research Drug Manufacturers - Major Household & Personal Products REIT - Diversified Semiconductors Specialty Retail Utilities - Diversified Beverages - Soft Drinks Building Materials Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Real Estate Investment Trust Insurance Electronics Chemical Mining Dow Jones Component Medicine Bank Real Estate Market Telecommunications Banking Computing Petroleum Industry Plastic Alcohol Broadband