HKND vs. QDF ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to FlexShares Quality Dividend Index Fund (QDF)

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

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.22

Average Daily Volume

46,144

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	HKND	QDF
30 Days	2.28%	2.42%
60 Days	3.59%	4.87%
90 Days	5.88%	6.57%
12 Months	20.27%	27.18%

76 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in QDF	Overlap
AAPL	C	2.14%	8.27%	2.14%
ABBV	C	1.96%	3.1%	1.96%
ADP	B	0.07%	1.06%	0.07%
AFL	C	0.09%	0.62%	0.09%
ALLY	F	0.05%	0.35%	0.05%
AVB	B	0.07%	0.6%	0.07%
AVGO	C	0.1%	0.89%	0.1%
BAC	D	0.51%	0.02%	0.02%
BBWI	F	0.01%	0.01%	0.01%
BK	B	0.11%	0.62%	0.11%
BKNG	C	0.06%	0.06%	0.06%
BR	D	0.02%	0.29%	0.02%
BSY	D	0.0%	0.14%	0.0%
CFR	C	0.01%	0.34%	0.01%
CL	D	1.41%	0.17%	0.17%
CMA	B	0.02%	0.5%	0.02%
COST	B	0.11%	0.24%	0.11%
CPT	B	0.03%	0.54%	0.03%
CTAS	B	0.04%	0.38%	0.04%
EA	D	0.02%	0.53%	0.02%
EBAY	B	0.05%	0.62%	0.05%
EQR	B	0.07%	0.58%	0.07%
FAF	B	0.05%	0.49%	0.05%
FAST	C	0.03%	0.59%	0.03%
FIS	B	0.04%	0.61%	0.04%
GILD	B	0.74%	0.96%	0.74%
GOOGL	D	3.6%	1.69%	1.69%
HD	B	0.36%	1.68%	0.36%
HRB	C	0.01%	0.18%	0.01%
HST	C	0.02%	0.42%	0.02%
INTU	C	0.03%	1.69%	0.03%
IPG	C	0.03%	0.52%	0.03%
IRDM	D	0.03%	0.31%	0.03%
ITW	C	0.03%	0.71%	0.03%
IVZ	B	0.03%	0.49%	0.03%
JNJ	C	2.19%	3.32%	2.19%
JPM	D	0.7%	0.65%	0.65%
KLAC	D	0.05%	0.92%	0.05%
KO	C	0.01%	2.57%	0.01%
LNC	D	0.04%	0.34%	0.04%
LOW	B	0.23%	1.23%	0.23%
LRCX	F	0.09%	0.95%	0.09%
MA	B	0.12%	0.26%	0.12%
MAA	B	0.05%	0.59%	0.05%
MAR	C	0.05%	0.04%	0.04%
MCHP	F	0.02%	0.54%	0.02%
MET	B	0.2%	0.53%	0.2%
MMM	B	0.06%	0.69%	0.06%
MRK	D	1.81%	0.56%	0.56%
MS	D	0.34%	0.75%	0.34%
MSFT	C	2.3%	5.21%	2.3%
NTAP	D	0.03%	0.22%	0.03%
NVDA	D	0.08%	4.94%	0.08%
OMF	D	0.02%	0.45%	0.02%
ORI	B	0.04%	0.53%	0.04%
PAYC	D	0.01%	0.13%	0.01%
PAYX	C	0.02%	0.62%	0.02%
PFG	B	0.06%	0.38%	0.06%
PG	C	4.15%	3.22%	3.22%
POOL	C	0.0%	0.45%	0.0%
PRU	C	0.17%	0.58%	0.17%
PSA	B	0.01%	0.66%	0.01%
QCOM	D	0.14%	1.74%	0.14%
RDN	C	0.01%	0.52%	0.01%
RHI	D	0.03%	0.33%	0.03%
RMD	C	0.21%	0.19%	0.19%
SMG	C	0.05%	0.48%	0.05%
SNA	C	0.01%	0.45%	0.01%
SWKS	D	0.02%	0.47%	0.02%
UNP	C	0.03%	1.37%	0.03%
V	C	0.16%	0.38%	0.16%
VIRT	C	0.0%	0.55%	0.0%
VRT	C	0.01%	0.6%	0.01%
WMS	D	0.02%	0.41%	0.02%
WMT	C	1.07%	0.12%	0.12%
WU	F	0.03%	0.5%	0.03%

HKND Overweight 878 Positions Relative to QDF

Symbol	Grade	Weight
LLY	C	2.04%
DE	B	1.95%
PFE	C	1.63%
MOS	F	1.58%
ADM	D	1.58%
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%
UNH	C	0.98%
HCA	B	0.96%
BG	D	0.94%
GEHC	C	0.93%
ECL	B	0.91%
CF	C	0.91%
VZ	B	0.91%
TMO	B	0.89%
DELL	D	0.89%
T	C	0.88%
BAX	C	0.88%
BMY	C	0.88%
HPQ	D	0.75%
FMC	C	0.74%
BSX	B	0.73%
CMCSA	D	0.66%
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%
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%
AWK	B	0.38%
CHD	D	0.37%
TMUS	C	0.37%
CAG	C	0.37%
VLTO	C	0.35%
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%
THC	A	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%
ALL	B	0.22%
PGR	B	0.22%
KR	C	0.21%
UHS	B	0.21%
WBA	F	0.21%
DOW	D	0.2%
AXP	B	0.2%
HPE	D	0.19%
DIS	D	0.19%
TFX	C	0.18%
DHI	B	0.17%
SOLV	C	0.17%
ORCL	C	0.17%
CHTR	D	0.17%
TRV	C	0.17%
ZWS	A	0.16%
CSCO	C	0.16%
COF	B	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%
TGT	C	0.13%
MMC	C	0.13%
DXCM	F	0.13%
HSIC	C	0.13%
AIZ	B	0.12%
JBL	D	0.12%
ENPH	D	0.12%
RUN	C	0.12%
USB	B	0.12%
DVA	B	0.12%
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%
SEM	D	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%
STT	A	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%
CWT	C	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%
WTRG	D	0.08%
NBIX	F	0.07%
KD	D	0.07%
DFS	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%
EHC	C	0.07%
MMSI	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%
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%
SRPT	D	0.06%
HAE	F	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%
KLG	C	0.05%
OMI	D	0.05%
AYI	B	0.05%
CMI	C	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%
INVH	C	0.05%
RJF	C	0.05%
AVNS	B	0.05%
SQ	D	0.05%
MKL	C	0.05%
SUI	B	0.05%
SJW	C	0.05%
ADBE	F	0.05%
WLK	D	0.05%
WM	D	0.05%
PPG	D	0.04%
GPN	D	0.04%
TNDM	C	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%
RSG	D	0.04%
KDP	B	0.04%
EXAS	C	0.04%
JEF	B	0.04%
AZO	D	0.04%
ORLY	C	0.04%
NTRS	A	0.04%
TROW	D	0.04%
UNFI	C	0.04%
ADI	C	0.04%
OPCH	C	0.04%
IONS	F	0.04%
AMT	C	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%
AWR	B	0.04%
WHR	D	0.04%
FITB	B	0.04%
APH	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%
FYBR	C	0.04%
HWKN	C	0.03%
CG	D	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%
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%
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%
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%
LBRDA	F	0.03%
UPS	D	0.03%
TDS	C	0.03%
IT	B	0.03%
SPGI	B	0.03%
CYTK	F	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%
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%
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%
SRCL	A	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%
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%
DOX	C	0.02%
DLR	B	0.02%
CENTA	F	0.02%
ALIT	D	0.02%
GAP	F	0.02%
MAS	B	0.02%
SMCI	F	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%
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%
CCI	C	0.02%
JJSF	C	0.02%
JXN	A	0.02%
TNET	F	0.02%
AZTA	F	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%
EQIX	C	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%
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%
NSC	C	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%
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%
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%
CSX	D	0.01%
KWR	D	0.01%
MSM	D	0.01%
TARS	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%
SBAC	C	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%
ACHC	C	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%
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%
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%
CLH	A	0.01%
UWMC	D	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%
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%
MSEX	C	0.01%
AMN	F	0.01%
SCI	B	0.01%
SIGI	D	0.01%
BXP	B	0.01%
WDAY	D	0.01%
BCO	B	0.01%
SCLX	F	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%
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%
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 49 Positions Relative to QDF

Symbol	Grade	Weight
META	B	-3.04%
ACN	C	-1.98%
GOOG	D	-1.49%
PM	C	-1.38%
NKE	D	-0.9%
MO	C	-0.84%
ZTS	C	-0.83%
SBUX	C	-0.74%
CAT	B	-0.69%
LMT	C	-0.68%
D	C	-0.61%
PEG	B	-0.59%
NSA	B	-0.57%
NXPI	F	-0.55%
MPC	F	-0.55%
OHI	B	-0.55%
WTW	C	-0.54%
VLO	F	-0.53%
KTB	B	-0.52%
STWD	B	-0.52%
JHG	B	-0.51%
CHRW	B	-0.51%
NEP	D	-0.5%
BPOP	C	-0.5%
OGE	C	-0.5%
UGI	C	-0.49%
XOM	C	-0.48%
DVN	F	-0.48%
WSM	D	-0.47%
WY	C	-0.45%
TPR	C	-0.44%
WDFC	C	-0.44%
NUE	F	-0.42%
EVRG	B	-0.42%
CUBE	B	-0.42%
TT	B	-0.4%
SCCO	D	-0.36%
EIX	C	-0.35%
APLE	D	-0.33%
OLN	D	-0.27%
NNN	C	-0.27%
WING	B	-0.25%
PNW	C	-0.16%
DPZ	F	-0.16%
EXP	B	-0.08%
WFRD	F	-0.07%
CSWI	B	-0.06%
COP	D	-0.04%
STNG	D	-0.02%