HKND vs. NFRA ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA)

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

$33.17

Average Daily Volume

3,769

Number of Holdings ^*

954

* may have additional holdings in another (foreign) market

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.23

Average Daily Volume

92,505

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HKND	NFRA
30 Days	2.28%	4.19%
60 Days	3.59%	7.23%
90 Days	5.88%	11.92%
12 Months	20.27%	18.80%

32 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in NFRA	Overlap
ACHC	C	0.01%	0.11%	0.01%
AMT	C	0.04%	1.68%	0.04%
AWK	B	0.38%	0.43%	0.38%
AWR	B	0.04%	0.04%	0.04%
CCI	C	0.02%	0.78%	0.02%
CHTR	D	0.17%	0.51%	0.17%
CLH	A	0.01%	0.19%	0.01%
CMCSA	D	0.66%	2.34%	0.66%
CSX	D	0.01%	1.01%	0.01%
CWT	C	0.08%	0.05%	0.05%
DLR	B	0.02%	0.8%	0.02%
EHC	C	0.07%	0.14%	0.07%
EQIX	C	0.02%	1.27%	0.02%
FYBR	C	0.04%	0.14%	0.04%
HCA	B	0.96%	1.16%	0.96%
IRDM	D	0.03%	0.04%	0.03%
MSEX	C	0.01%	0.03%	0.01%
NSC	C	0.01%	0.87%	0.01%
RSG	D	0.04%	0.65%	0.04%
SBAC	C	0.01%	0.39%	0.01%
SEM	D	0.1%	0.06%	0.06%
SJW	C	0.05%	0.02%	0.02%
SRCL	A	0.02%	0.09%	0.02%
T	C	0.88%	2.37%	0.88%
THC	A	0.3%	0.24%	0.24%
TMUS	C	0.37%	1.26%	0.37%
UHS	B	0.21%	0.2%	0.2%
UNP	C	0.03%	2.33%	0.03%
VLTO	C	0.35%	0.41%	0.35%
VZ	B	0.91%	2.81%	0.91%
WM	D	0.05%	1.17%	0.05%
WTRG	D	0.08%	0.14%	0.08%

HKND Overweight 922 Positions Relative to NFRA

Symbol	Grade	Weight
PG	C	4.15%
GOOGL	D	3.6%
MSFT	C	2.3%
JNJ	C	2.19%
AAPL	C	2.14%
LLY	C	2.04%
ABBV	C	1.96%
DE	B	1.95%
MRK	D	1.81%
PFE	C	1.63%
MOS	F	1.58%
ADM	D	1.58%
CL	D	1.41%
CTVA	B	1.41%
INTC	F	1.39%
BDX	D	1.15%
SYK	C	1.15%
CI	C	1.12%
ABT	C	1.12%
AMGN	B	1.08%
WMT	C	1.07%
UNH	C	0.98%
BG	D	0.94%
GEHC	C	0.93%
ECL	B	0.91%
CF	C	0.91%
TMO	B	0.89%
DELL	D	0.89%
BAX	C	0.88%
BMY	C	0.88%
HPQ	D	0.75%
FMC	C	0.74%
GILD	B	0.74%
BSX	B	0.73%
JPM	D	0.7%
AGCO	D	0.65%
DGX	B	0.62%
REGN	C	0.61%
VRTX	D	0.6%
DHR	B	0.59%
AMZN	C	0.58%
IQV	C	0.52%
SJM	C	0.51%
BAC	D	0.51%
INGR	B	0.49%
FDP	C	0.49%
CVS	D	0.45%
ZBH	F	0.44%
MCK	F	0.44%
ELV	C	0.43%
KVUE	C	0.43%
WFC	D	0.41%
PEP	C	0.41%
C	C	0.39%
CHD	D	0.37%
CAG	C	0.37%
HD	B	0.36%
MS	D	0.34%
GS	C	0.33%
MDLZ	B	0.33%
ISRG	B	0.32%
CNC	D	0.32%
GIS	B	0.31%
CAH	C	0.31%
BIIB	F	0.3%
DD	B	0.3%
J	C	0.29%
MRNA	F	0.29%
BBY	C	0.28%
HOLX	B	0.28%
HUM	F	0.28%
EW	F	0.28%
SPB	C	0.28%
K	B	0.26%
FELE	C	0.25%
IBM	B	0.25%
CLX	C	0.24%
VTRS	D	0.23%
AIG	D	0.23%
LOW	B	0.23%
ALL	B	0.22%
PGR	B	0.22%
KR	C	0.21%
RMD	C	0.21%
WBA	F	0.21%
MET	B	0.2%
DOW	D	0.2%
AXP	B	0.2%
HPE	D	0.19%
DIS	D	0.19%
TFX	C	0.18%
DHI	B	0.17%
PRU	C	0.17%
SOLV	C	0.17%
ORCL	C	0.17%
TRV	C	0.17%
ZWS	A	0.16%
CSCO	C	0.16%
COF	B	0.16%
V	C	0.16%
CTLT	B	0.15%
A	C	0.15%
FSLR	C	0.15%
ENOV	D	0.15%
TSLA	C	0.15%
AVTR	B	0.15%
AMAT	D	0.14%
LEN	B	0.14%
QCOM	D	0.14%
TGT	C	0.13%
MMC	C	0.13%
DXCM	F	0.13%
HSIC	C	0.13%
MA	B	0.12%
AIZ	B	0.12%
JBL	D	0.12%
ENPH	D	0.12%
RUN	C	0.12%
USB	B	0.12%
DVA	B	0.12%
COST	B	0.11%
BK	B	0.11%
CBRE	A	0.11%
RPRX	C	0.11%
OGN	D	0.11%
AHCO	C	0.11%
FLO	C	0.1%
WDC	D	0.1%
MAN	C	0.1%
TXN	C	0.1%
TITN	F	0.1%
LUMN	C	0.1%
TFC	C	0.1%
AVGO	C	0.1%
BLK	B	0.1%
ICUI	B	0.1%
PNC	B	0.1%
KMB	D	0.1%
FTRE	D	0.1%
HIG	B	0.1%
MU	F	0.1%
BIO	C	0.09%
AFL	C	0.09%
STT	A	0.09%
LRCX	F	0.09%
CRL	F	0.09%
ILMN	C	0.09%
INCY	C	0.09%
BMRN	F	0.09%
ALNY	C	0.09%
GLW	C	0.09%
ACM	B	0.08%
IART	F	0.08%
CDW	D	0.08%
ALG	D	0.08%
ITGR	A	0.08%
NVDA	D	0.08%
EMBC	C	0.08%
NFLX	B	0.08%
UTHR	C	0.08%
PYPL	B	0.08%
CTSH	C	0.08%
POST	C	0.08%
CPB	C	0.08%
MTD	D	0.08%
AVB	B	0.07%
NBIX	F	0.07%
KD	D	0.07%
DFS	B	0.07%
ADP	B	0.07%
SYF	C	0.07%
SCHW	D	0.07%
MOH	D	0.07%
SYY	D	0.07%
PHM	B	0.07%
UAN	D	0.07%
AMP	A	0.07%
MMSI	B	0.07%
EQR	B	0.07%
FNF	B	0.07%
CRM	D	0.07%
PODD	B	0.07%
LXU	D	0.07%
MASI	F	0.07%
DXC	C	0.07%
RDNT	B	0.07%
PFG	B	0.06%
BRKR	D	0.06%
SNX	D	0.06%
L	C	0.06%
CRBG	D	0.06%
BERY	B	0.06%
FOX	B	0.06%
GMED	D	0.06%
VTR	C	0.06%
MMM	B	0.06%
SRPT	D	0.06%
HAE	F	0.06%
BKNG	C	0.06%
RGA	C	0.06%
CNMD	D	0.06%
AMD	D	0.06%
WST	D	0.06%
ACI	F	0.06%
IFF	B	0.06%
WBD	D	0.06%
WAT	C	0.06%
TECH	C	0.06%
HSY	C	0.06%
TJX	B	0.06%
TOL	B	0.05%
GXO	D	0.05%
GPC	D	0.05%
FAF	B	0.05%
KLG	C	0.05%
OMI	D	0.05%
AYI	B	0.05%
CMI	C	0.05%
SMG	C	0.05%
KLAC	D	0.05%
MAA	B	0.05%
GWW	B	0.05%
EQH	C	0.05%
MKC	C	0.05%
NVR	B	0.05%
PCVX	C	0.05%
OMC	B	0.05%
OPK	C	0.05%
ALLY	F	0.05%
INVH	C	0.05%
RJF	C	0.05%
AVNS	B	0.05%
SQ	D	0.05%
MKL	C	0.05%
SUI	B	0.05%
ADBE	F	0.05%
MAR	C	0.05%
EBAY	B	0.05%
WLK	D	0.05%
PPG	D	0.04%
GPN	D	0.04%
TNDM	C	0.04%
FIS	B	0.04%
AFG	B	0.04%
LKQ	F	0.04%
WMG	D	0.04%
SCSC	D	0.04%
CFG	C	0.04%
VKTX	C	0.04%
EXPE	C	0.04%
KDP	B	0.04%
EXAS	C	0.04%
ORI	B	0.04%
JEF	B	0.04%
AZO	D	0.04%
ORLY	C	0.04%
NTRS	A	0.04%
TROW	D	0.04%
CTAS	B	0.04%
UNFI	C	0.04%
ADI	C	0.04%
OPCH	C	0.04%
IONS	F	0.04%
MEDP	F	0.04%
SWK	B	0.04%
NOVT	D	0.04%
HUN	D	0.04%
AJG	D	0.04%
ESS	B	0.04%
CINF	B	0.04%
TTC	D	0.04%
WHR	D	0.04%
FITB	B	0.04%
APH	D	0.04%
LNC	D	0.04%
ROKU	C	0.04%
WRB	C	0.04%
EXEL	C	0.04%
JLL	B	0.04%
SHW	B	0.04%
PEN	D	0.04%
HWKN	C	0.03%
CG	D	0.03%
FAST	C	0.03%
AMED	C	0.03%
OPEN	D	0.03%
CME	C	0.03%
CHE	C	0.03%
ROST	C	0.03%
APLS	F	0.03%
MCO	B	0.03%
WU	F	0.03%
GNW	B	0.03%
XRX	D	0.03%
MTH	A	0.03%
VOYA	B	0.03%
ARW	C	0.03%
SMMT	C	0.03%
KBH	A	0.03%
NEO	C	0.03%
ITW	C	0.03%
MIDD	D	0.03%
PLD	C	0.03%
LYV	B	0.03%
ENR	D	0.03%
RS	D	0.03%
ON	D	0.03%
SPG	B	0.03%
SANM	D	0.03%
DAR	F	0.03%
OFIX	D	0.03%
RVMD	C	0.03%
FLGT	D	0.03%
TWI	D	0.03%
INTU	C	0.03%
ENSG	B	0.03%
NSP	F	0.03%
MD	C	0.03%
NWS	D	0.03%
HALO	C	0.03%
BBIO	D	0.03%
HBAN	B	0.03%
SNEX	B	0.03%
ZBRA	B	0.03%
AMRX	B	0.03%
CPT	B	0.03%
RHI	D	0.03%
LBRDA	F	0.03%
UPS	D	0.03%
TDS	C	0.03%
IT	B	0.03%
SPGI	B	0.03%
CYTK	F	0.03%
IVZ	B	0.03%
BPMC	F	0.03%
EMR	D	0.03%
LNTH	D	0.03%
ICE	C	0.03%
ELS	C	0.03%
AMH	C	0.03%
LNN	D	0.03%
MTB	B	0.03%
BEN	F	0.03%
NTAP	D	0.03%
UNM	B	0.03%
ITCI	D	0.03%
RF	B	0.03%
RKT	C	0.03%
GME	F	0.03%
CR	C	0.03%
EL	F	0.03%
LPLA	D	0.03%
UDR	C	0.03%
CNXN	B	0.03%
PH	B	0.03%
IPG	C	0.03%
SGRY	C	0.03%
TMHC	A	0.03%
KEY	B	0.03%
R	A	0.02%
ATR	B	0.02%
ANET	B	0.02%
ULTA	D	0.02%
TTEK	C	0.02%
STC	B	0.02%
ARWR	F	0.02%
AVT	C	0.02%
SNPS	D	0.02%
ALGN	D	0.02%
PTCT	C	0.02%
MRVI	D	0.02%
IBKR	B	0.02%
IOVA	C	0.02%
HST	C	0.02%
NATL	D	0.02%
CLDX	C	0.02%
GH	D	0.02%
GL	C	0.02%
SWTX	F	0.02%
BHF	F	0.02%
NWL	C	0.02%
CMA	B	0.02%
CORT	C	0.02%
ADTN	D	0.02%
FCN	D	0.02%
MCY	D	0.02%
EFX	B	0.02%
AAP	F	0.02%
FOLD	D	0.02%
SMPL	D	0.02%
XRAY	D	0.02%
GKOS	C	0.02%
COOP	C	0.02%
UTZ	C	0.02%
EME	B	0.02%
TPG	B	0.02%
AMRK	C	0.02%
OTIS	C	0.02%
CRNX	C	0.02%
AXSM	C	0.02%
LECO	F	0.02%
ATRC	C	0.02%
HAIN	D	0.02%
BR	D	0.02%
DOX	C	0.02%
CENTA	F	0.02%
ALIT	D	0.02%
GAP	F	0.02%
MAS	B	0.02%
SMCI	F	0.02%
OMF	D	0.02%
MHO	B	0.02%
TXG	D	0.02%
INSM	D	0.02%
PWR	B	0.02%
TSCO	C	0.02%
ACAD	F	0.02%
APD	B	0.02%
CCS	B	0.02%
EA	D	0.02%
MDGL	F	0.02%
NDAQ	A	0.02%
TPH	C	0.02%
ZG	B	0.02%
IDXX	C	0.02%
COMP	C	0.02%
ADV	C	0.02%
DKS	D	0.02%
RARE	B	0.02%
CNXC	F	0.02%
PFSI	C	0.02%
BKD	D	0.02%
ENTG	F	0.02%
LILAK	D	0.02%
ROK	D	0.02%
BLDR	C	0.02%
BRO	C	0.02%
KRYS	D	0.02%
NOW	B	0.02%
SWKS	D	0.02%
WMS	D	0.02%
JJSF	C	0.02%
JXN	A	0.02%
TNET	F	0.02%
AZTA	F	0.02%
PAYX	C	0.02%
HLT	B	0.02%
AMKR	F	0.02%
GFS	F	0.02%
WSO	C	0.02%
SSNC	B	0.02%
KMPR	D	0.02%
ABM	D	0.02%
USM	C	0.02%
THS	C	0.02%
KELYA	D	0.02%
SF	A	0.02%
SIRI	C	0.02%
MMS	C	0.02%
REZI	D	0.02%
MSI	B	0.02%
APO	C	0.02%
CSL	B	0.02%
CHWY	C	0.02%
WELL	C	0.02%
NUVL	C	0.02%
WTS	C	0.02%
MCHP	F	0.02%
THG	B	0.02%
MPWR	C	0.01%
FLS	D	0.01%
COTY	F	0.01%
GMS	D	0.01%
ABCB	B	0.01%
TOST	C	0.01%
KE	F	0.01%
SRRK	F	0.01%
FIVE	D	0.01%
PRLB	F	0.01%
ONB	C	0.01%
UBSI	B	0.01%
URBN	F	0.01%
CMC	D	0.01%
UI	B	0.01%
EXR	B	0.01%
USPH	F	0.01%
DLB	D	0.01%
WH	B	0.01%
NX	F	0.01%
NYT	C	0.01%
YORW	D	0.01%
FIX	B	0.01%
APAM	C	0.01%
CVCO	A	0.01%
MAT	C	0.01%
FRPT	B	0.01%
BXC	D	0.01%
AEO	F	0.01%
VZIO	B	0.01%
SSYS	F	0.01%
SAGE	F	0.01%
MIRM	D	0.01%
RGNX	F	0.01%
SATS	C	0.01%
DBX	D	0.01%
RLAY	D	0.01%
AVO	B	0.01%
SIBN	D	0.01%
BRX	B	0.01%
PGNY	F	0.01%
LFST	C	0.01%
REG	C	0.01%
BKU	C	0.01%
SILK	A	0.01%
MC	B	0.01%
WTM	D	0.01%
SCHL	D	0.01%
TYL	C	0.01%
FICO	B	0.01%
WGO	D	0.01%
ANSS	D	0.01%
SSB	B	0.01%
KNF	B	0.01%
PLUS	A	0.01%
CADE	C	0.01%
VNT	F	0.01%
OZK	D	0.01%
IPGP	F	0.01%
SNA	C	0.01%
CRUS	D	0.01%
PB	B	0.01%
UCTT	F	0.01%
TCBI	B	0.01%
BCRX	C	0.01%
APG	D	0.01%
DAY	D	0.01%
HURN	C	0.01%
KIDS	D	0.01%
DIOD	F	0.01%
CNM	F	0.01%
GSAT	F	0.01%
CGEM	D	0.01%
HMN	D	0.01%
HWC	D	0.01%
ASB	D	0.01%
ACIW	B	0.01%
RLI	B	0.01%
HGV	F	0.01%
WD	A	0.01%
SYNA	F	0.01%
HAS	B	0.01%
DAWN	D	0.01%
GRBK	B	0.01%
MTN	D	0.01%
DYN	D	0.01%
LFUS	C	0.01%
FDMT	F	0.01%
PSTG	F	0.01%
UMBF	B	0.01%
AKRO	C	0.01%
MDXG	F	0.01%
TVTX	B	0.01%
PIPR	B	0.01%
PII	D	0.01%
FDS	C	0.01%
SKY	B	0.01%
LCII	C	0.01%
FNB	C	0.01%
TRUP	C	0.01%
ACT	B	0.01%
FG	D	0.01%
CBSH	C	0.01%
CCRN	F	0.01%
KURA	D	0.01%
KFRC	D	0.01%
PNFP	B	0.01%
TDC	F	0.01%
COIN	F	0.01%
TDOC	D	0.01%
NGVT	D	0.01%
VEEV	C	0.01%
WPC	C	0.01%
CFR	C	0.01%
PAYC	D	0.01%
PRG	B	0.01%
EXLS	B	0.01%
CRVL	B	0.01%
ASIX	C	0.01%
MNKD	C	0.01%
WBS	D	0.01%
XYL	C	0.01%
BRC	C	0.01%
CABO	F	0.01%
IR	C	0.01%
VLY	C	0.01%
CC	F	0.01%
SBH	B	0.01%
PTGX	C	0.01%
IDT	C	0.01%
VRSN	D	0.01%
MTG	B	0.01%
FHI	A	0.01%
RYAN	D	0.01%
IOSP	D	0.01%
BECN	D	0.01%
HTH	C	0.01%
BEAM	F	0.01%
IMVT	D	0.01%
MTCH	C	0.01%
KWR	D	0.01%
MSM	D	0.01%
TARS	C	0.01%
RDN	C	0.01%
LANC	D	0.01%
IRT	B	0.01%
MORN	C	0.01%
JKHY	B	0.01%
ENS	D	0.01%
SITE	C	0.01%
CACC	F	0.01%
FNA	F	0.01%
AXNX	B	0.01%
HLI	B	0.01%
RXRX	F	0.01%
UNF	C	0.01%
AGIO	C	0.01%
TTMI	D	0.01%
CRSR	F	0.01%
ALB	D	0.01%
LAMR	B	0.01%
RCM	C	0.01%
ADMA	B	0.01%
SNDX	F	0.01%
FND	C	0.01%
MSCI	C	0.01%
SXT	C	0.01%
IAC	C	0.01%
PINC	C	0.01%
VSAT	F	0.01%
TGNA	D	0.01%
EWTX	B	0.01%
UHAL	A	0.01%
AXTA	B	0.01%
ASTH	B	0.01%
ANIP	D	0.01%
WTFC	B	0.01%
HUBB	B	0.01%
CDNS	D	0.01%
EXPI	C	0.01%
DFH	C	0.01%
BCC	B	0.01%
NTLA	F	0.01%
INVA	B	0.01%
DOC	C	0.01%
LMAT	C	0.01%
AOS	D	0.01%
SANA	F	0.01%
ARDX	D	0.01%
AIV	B	0.01%
TNC	F	0.01%
VNO	B	0.01%
RNA	C	0.01%
KEX	C	0.01%
TEX	F	0.01%
NMRK	A	0.01%
ADUS	B	0.01%
CPRX	A	0.01%
TTWO	C	0.01%
UFPI	C	0.01%
FL	D	0.01%
IRM	C	0.01%
KFY	B	0.01%
GNRC	D	0.01%
HRB	C	0.01%
TNL	D	0.01%
JBSS	D	0.01%
RCKT	D	0.01%
WAL	B	0.01%
GERN	D	0.01%
BGC	B	0.01%
COLL	C	0.01%
BOKF	B	0.01%
KIM	C	0.01%
ARE	C	0.01%
TRMB	C	0.01%
QRVO	F	0.01%
ICFI	B	0.01%
VRT	C	0.01%
CIEN	C	0.01%
COHR	C	0.01%
IRWD	F	0.01%
NVST	D	0.01%
FTV	C	0.01%
DVAX	D	0.01%
TWST	D	0.01%
SEIC	C	0.01%
STGW	B	0.01%
NHC	D	0.01%
KEYS	C	0.01%
O	C	0.01%
RRX	C	0.01%
EWBC	D	0.01%
FFIV	B	0.01%
CSTL	C	0.01%
BURL	B	0.01%
XNCR	C	0.01%
PBH	B	0.01%
LGND	C	0.01%
ARVN	F	0.01%
CGON	C	0.01%
VERA	C	0.01%
HHH	C	0.01%
SNV	C	0.01%
BHE	D	0.01%
ESI	D	0.01%
ADSK	C	0.01%
AME	C	0.01%
EMN	B	0.01%
CNO	B	0.01%
GT	F	0.01%
VAC	F	0.01%
FCNCA	D	0.01%
HRMY	B	0.01%
RYTM	B	0.01%
LGF.A	F	0.01%
BZH	B	0.01%
BC	C	0.01%
KROS	C	0.01%
VCEL	D	0.01%
EVH	C	0.01%
H	C	0.01%
AIT	A	0.01%
AGL	F	0.01%
KYMR	C	0.01%
SPTN	C	0.01%
PDCO	F	0.01%
ASH	D	0.01%
UWMC	D	0.01%
KO	C	0.01%
PRVA	F	0.01%
NTRA	C	0.01%
NARI	F	0.01%
TRU	B	0.01%
AMG	C	0.01%
ABNB	D	0.01%
BGS	D	0.01%
HOV	C	0.01%
CE	F	0.01%
NVAX	D	0.01%
DOV	B	0.01%
ATEC	F	0.01%
GDDY	C	0.01%
THO	D	0.01%
ASGN	D	0.01%
URI	B	0.01%
ACLX	B	0.01%
VSH	F	0.01%
RGEN	F	0.01%
ERIE	B	0.01%
JANX	C	0.01%
CNDT	C	0.01%
EEFT	D	0.01%
LGIH	C	0.01%
NXST	D	0.01%
CSGP	D	0.01%
NSIT	D	0.01%
PCRX	F	0.01%
TGTX	C	0.01%
VIR	F	0.01%
FDX	C	0.01%
UFPT	B	0.01%
ARES	B	0.01%
ESAB	C	0.01%
BBWI	F	0.01%
MYGN	C	0.01%
AKAM	D	0.01%
IDYA	F	0.01%
TER	D	0.01%
VRSK	D	0.01%
JNPR	B	0.01%
FTNT	C	0.01%
WCC	D	0.01%
DNLI	C	0.01%
EDR	A	0.01%
MRVL	C	0.01%
EVR	A	0.01%
FHN	D	0.01%
PLXS	A	0.01%
SUPN	C	0.01%
ZION	D	0.01%
INSP	C	0.01%
ROP	C	0.01%
PANW	D	0.01%
SEE	D	0.01%
AMPH	C	0.01%
EPAM	F	0.01%
AMN	F	0.01%
SCI	B	0.01%
SIGI	D	0.01%
BXP	B	0.01%
WDAY	D	0.01%
PSA	B	0.01%
BCO	B	0.01%
SCLX	F	0.0%
VIRT	C	0.0%
OABI	D	0.0%
BLFS	C	0.0%
QTRX	D	0.0%
PRME	F	0.0%
ABSI	D	0.0%
ABUS	C	0.0%
CELC	F	0.0%
ALT	D	0.0%
APLT	D	0.0%
LYEL	D	0.0%
ORIC	D	0.0%
CTKB	F	0.0%
FORM	F	0.0%
OLMA	D	0.0%
LQDA	F	0.0%
ALGM	F	0.0%
MNMD	F	0.0%
STOK	C	0.0%
PLAB	F	0.0%
SVRA	D	0.0%
OSCR	B	0.0%
COLB	B	0.0%
TW	B	0.0%
SIGA	D	0.0%
EYPT	D	0.0%
MSGS	B	0.0%
CRAI	D	0.0%
YMAB	C	0.0%
ALEC	C	0.0%
MLI	A	0.0%
AEIS	D	0.0%
NUVB	D	0.0%
WSFS	D	0.0%
NDSN	C	0.0%
PHAT	C	0.0%
BSY	D	0.0%
ZEUS	F	0.0%
CNS	B	0.0%
SPRY	C	0.0%
WAFD	C	0.0%
STEP	B	0.0%
UCBI	B	0.0%
IRON	D	0.0%
ITRI	C	0.0%
DFIN	B	0.0%
MMI	C	0.0%
TTD	B	0.0%
ANAB	C	0.0%
ARCT	F	0.0%
NVEE	F	0.0%
LBPH	D	0.0%
GGG	C	0.0%
IBP	D	0.0%
HSII	C	0.0%
FHB	D	0.0%
GBCI	B	0.0%
VRDN	C	0.0%
CHH	C	0.0%
HZO	C	0.0%
AZZ	D	0.0%
MLYS	D	0.0%
CATY	C	0.0%
ETNB	F	0.0%
CBT	B	0.0%
PLRX	F	0.0%
GOLF	D	0.0%
COGT	C	0.0%
CBZ	F	0.0%
PCTY	C	0.0%
SAFT	D	0.0%
VCYT	B	0.0%
GIC	D	0.0%
SAVA	C	0.0%
NRIX	C	0.0%
HOMB	B	0.0%
ANF	D	0.0%
TMCI	F	0.0%
SONO	D	0.0%
CTS	D	0.0%
ONTO	D	0.0%
PLAY	F	0.0%
PTC	D	0.0%
ITT	B	0.0%
TRIP	F	0.0%
OCUL	C	0.0%
MODG	F	0.0%
REYN	C	0.0%
TKO	B	0.0%
DCI	C	0.0%
CNA	C	0.0%
VCTR	B	0.0%
ROG	F	0.0%
IMNM	D	0.0%
FULT	D	0.0%
BBSI	B	0.0%
TYRA	C	0.0%
SFNC	B	0.0%
CARR	B	0.0%
TKR	D	0.0%
APP	C	0.0%
POOL	C	0.0%
EOLS	C	0.0%
PJT	B	0.0%
IEX	D	0.0%
SFM	B	0.0%
UFCS	D	0.0%
GTES	C	0.0%
FRT	C	0.0%
UVE	C	0.0%
DORM	B	0.0%
PNTG	B	0.0%
ARQT	C	0.0%
RCUS	C	0.0%
FOUR	C	0.0%
IRTC	F	0.0%
SLAB	D	0.0%
ELVN	D	0.0%

HKND Underweight 32 Positions Relative to NFRA

Symbol	Grade	Weight
CNI	D	-3.47%
NEE	C	-2.61%
WCN	D	-2.39%
SO	B	-1.49%
DUK	C	-1.37%
CEG	C	-0.92%
WMB	B	-0.85%
AEP	C	-0.83%
OKE	B	-0.81%
SRE	C	-0.79%
PCG	C	-0.79%
D	C	-0.72%
PEG	B	-0.64%
KMI	B	-0.62%
EXC	C	-0.6%
ED	C	-0.55%
XEL	B	-0.53%
EIX	C	-0.51%
TRGP	B	-0.5%
WEC	C	-0.45%
DTM	B	-0.12%
CWST	D	-0.1%
LBRDK	F	-0.1%
AM	C	-0.08%
CCOI	C	-0.05%
HESM	D	-0.04%
GEO	F	-0.03%
PCT	C	-0.02%
NFE	F	-0.02%
CXW	F	-0.02%
FSLY	D	-0.01%
UNIT	C	-0.01%