HKND vs. QUAL ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to iShares MSCI USA Quality Factor ETF (QUAL)

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

$32.81

Average Daily Volume

1,931

Number of Holdings ^*

959

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.55

Average Daily Volume

894,827

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	HKND	QUAL
30 Days	-0.87%	0.89%
60 Days	-0.16%	3.55%
90 Days	1.88%	4.85%
12 Months	19.10%	31.91%

89 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in QUAL	Overlap
A	F	0.15%	0.22%	0.15%
AAPL	C	2.14%	5.37%	2.14%
ADBE	C	0.04%	1.71%	0.04%
ADP	A	0.07%	1.75%	0.07%
AFG	A	0.03%	0.06%	0.03%
AFL	C	0.08%	0.39%	0.08%
AMAT	F	0.14%	1.31%	0.14%
AMP	A	0.08%	0.31%	0.08%
ANET	C	0.02%	0.81%	0.02%
AOS	F	0.01%	0.06%	0.01%
APD	B	0.02%	0.33%	0.02%
APH	B	0.05%	0.51%	0.05%
AVB	B	0.06%	0.23%	0.06%
BBY	C	0.26%	0.27%	0.26%
CBRE	B	0.12%	0.34%	0.12%
CDNS	B	0.01%	0.59%	0.01%
CME	B	0.03%	0.5%	0.03%
COST	B	0.1%	2.51%	0.1%
CSCO	A	0.18%	1.72%	0.18%
CSGP	F	0.01%	0.27%	0.01%
CTAS	B	0.04%	0.6%	0.04%
DHI	D	0.15%	0.71%	0.15%
EA	A	0.02%	0.19%	0.02%
EME	B	0.02%	0.16%	0.02%
ENPH	F	0.1%	0.07%	0.07%
EQR	C	0.07%	0.17%	0.07%
ERIE	F	0.01%	0.09%	0.01%
EW	F	0.28%	0.23%	0.23%
FAST	B	0.03%	0.41%	0.03%
FDS	A	0.01%	0.12%	0.01%
GGG	B	0.0%	0.1%	0.0%
GOOGL	C	4.05%	1.81%	1.81%
GWW	B	0.06%	0.58%	0.06%
HSY	F	0.06%	0.15%	0.06%
IDXX	F	0.02%	0.3%	0.02%
IPG	F	0.03%	0.05%	0.03%
ITW	B	0.03%	0.72%	0.03%
JKHY	C	0.01%	0.1%	0.01%
JNJ	D	2.05%	2.13%	2.05%
KEYS	C	0.01%	0.17%	0.01%
KLAC	F	0.04%	0.83%	0.04%
KO	F	0.01%	1.44%	0.01%
LLY	F	1.78%	3.57%	1.78%
LPLA	A	0.04%	0.17%	0.04%
LRCX	F	0.09%	0.8%	0.09%
MA	B	0.12%	4.09%	0.12%
MCO	C	0.02%	0.51%	0.02%
MMC	D	0.12%	0.73%	0.12%
MMM	C	0.06%	0.5%	0.06%
MOH	F	0.07%	0.1%	0.07%
MPWR	F	0.0%	0.23%	0.0%
MSFT	C	2.29%	4.5%	2.29%
NFLX	A	0.09%	1.66%	0.09%
NTAP	D	0.03%	0.22%	0.03%
NVDA	A	0.1%	7.09%	0.1%
NVR	D	0.05%	0.52%	0.05%
OMC	A	0.05%	0.11%	0.05%
PAYC	B	0.01%	0.08%	0.01%
PAYX	B	0.02%	0.49%	0.02%
PEP	D	0.38%	1.11%	0.38%
PHM	D	0.07%	0.43%	0.07%
PLD	D	0.02%	0.7%	0.02%
POOL	D	0.01%	0.22%	0.01%
PPG	F	0.03%	0.15%	0.03%
PSA	D	0.01%	0.54%	0.01%
QCOM	F	0.15%	1.21%	0.15%
RMD	C	0.2%	0.18%	0.18%
ROK	B	0.02%	0.21%	0.02%
RS	C	0.03%	0.09%	0.03%
SEIC	A	0.01%	0.07%	0.01%
SHW	A	0.05%	0.57%	0.05%
SMCI	F	0.01%	0.08%	0.01%
SNPS	C	0.02%	0.54%	0.02%
SOLV	C	0.18%	0.05%	0.05%
TJX	A	0.06%	1.93%	0.06%
TROW	A	0.04%	0.19%	0.04%
TSCO	D	0.02%	0.44%	0.02%
TXN	B	0.1%	1.42%	0.1%
ULTA	C	0.02%	0.33%	0.02%
UNH	B	0.92%	2.8%	0.92%
UTHR	B	0.09%	0.09%	0.09%
V	A	0.17%	4.34%	0.17%
VEEV	B	0.01%	0.16%	0.01%
VLTO	D	0.32%	0.21%	0.21%
VRTX	B	0.63%	0.66%	0.63%
WAT	B	0.07%	0.14%	0.07%
WBA	D	0.23%	0.03%	0.03%
WSO	B	0.02%	0.12%	0.02%
WST	B	0.07%	0.12%	0.07%

HKND Overweight 870 Positions Relative to QUAL

Symbol	Grade	Weight
PG	C	3.85%
ABBV	F	1.98%
DE	D	1.98%
MOS	D	1.74%
INTC	C	1.67%
MRK	F	1.57%
CTVA	C	1.54%
PFE	F	1.53%
ADM	F	1.36%
CL	F	1.22%
SYK	A	1.16%
WMT	A	1.14%
BDX	F	1.13%
ABT	C	1.12%
DELL	C	1.1%
AMGN	F	1.04%
BMY	B	1.0%
CF	B	0.99%
CI	D	0.98%
GEHC	D	0.95%
LH	B	0.9%
HCA	D	0.9%
ECL	C	0.89%
T	A	0.89%
VZ	D	0.87%
GILD	B	0.83%
BAX	F	0.8%
TMO	F	0.79%
HPQ	B	0.79%
BG	D	0.79%
BSX	A	0.75%
FMC	F	0.75%
JPM	A	0.71%
CMCSA	B	0.7%
AMZN	A	0.64%
AGCO	F	0.64%
DGX	B	0.61%
FDP	B	0.57%
INGR	B	0.55%
BAC	A	0.54%
DHR	F	0.53%
SJM	F	0.48%
WFC	A	0.47%
IQV	F	0.45%
ZBH	C	0.45%
MCK	B	0.45%
CVS	F	0.44%
REGN	F	0.43%
TMUS	A	0.42%
KVUE	A	0.42%
C	B	0.41%
MS	A	0.4%
HD	B	0.39%
GS	B	0.35%
AWK	D	0.35%
CHD	A	0.35%
ISRG	A	0.34%
ELV	F	0.33%
CAG	F	0.33%
COR	B	0.33%
DD	D	0.32%
THC	B	0.32%
CAH	B	0.31%
MDLZ	F	0.3%
CNC	F	0.29%
J	D	0.28%
SPB	A	0.28%
GIS	F	0.27%
FELE	B	0.26%
HOLX	D	0.26%
K	A	0.26%
BIIB	F	0.26%
LOW	B	0.25%
IBM	D	0.25%
CLX	A	0.24%
KR	A	0.23%
AIG	B	0.23%
VTRS	B	0.23%
AXP	B	0.22%
HUM	D	0.21%
DIS	B	0.21%
HPE	B	0.21%
ALL	B	0.21%
PGR	A	0.21%
CHTR	B	0.2%
MET	C	0.2%
MRNA	F	0.2%
ORCL	A	0.2%
COF	B	0.19%
UHS	D	0.19%
DOW	F	0.18%
ZWS	B	0.18%
PRU	B	0.17%
TRV	B	0.17%
TSLA	B	0.17%
TFX	F	0.15%
ENOV	C	0.15%
FSLR	F	0.15%
CTLT	D	0.14%
LEN	D	0.14%
JBL	C	0.14%
MU	D	0.13%
DXCM	C	0.13%
TGT	C	0.13%
HSIC	F	0.13%
USB	B	0.13%
LUMN	C	0.13%
AVTR	F	0.13%
RVTY	C	0.12%
RUN	F	0.12%
BK	B	0.12%
AVGO	C	0.12%
DVA	C	0.12%
IART	C	0.11%
ICUI	D	0.11%
GLW	B	0.11%
SEM	C	0.11%
INCY	B	0.11%
ILMN	C	0.11%
AIZ	A	0.11%
TFC	B	0.1%
BIO	C	0.1%
MASI	B	0.1%
HIG	C	0.1%
WDC	D	0.1%
RPRX	F	0.1%
TITN	C	0.1%
PNC	B	0.1%
WTRG	C	0.09%
LXU	C	0.09%
ACM	B	0.09%
FTRE	D	0.09%
CRM	B	0.09%
MAN	F	0.09%
OGN	F	0.09%
CRL	C	0.09%
FLO	F	0.09%
PYPL	A	0.09%
AHCO	F	0.09%
KMB	D	0.09%
ALNY	D	0.09%
STT	B	0.09%
EMBC	C	0.08%
POST	D	0.08%
BKNG	A	0.08%
SCHW	B	0.08%
ITGR	B	0.08%
EHC	B	0.08%
CTSH	A	0.08%
PODD	B	0.08%
SYF	B	0.08%
RDNT	B	0.08%
ALG	B	0.08%
MTD	F	0.08%
KD	A	0.07%
CDW	F	0.07%
SYY	D	0.07%
TECH	D	0.07%
BMRN	F	0.07%
WBD	B	0.07%
UAN	B	0.07%
CWT	D	0.07%
MMSI	B	0.07%
FNF	C	0.07%
DXC	B	0.07%
CPB	F	0.07%
DFS	B	0.07%
CMI	A	0.06%
WM	A	0.06%
PFG	C	0.06%
VTR	C	0.06%
EXEL	B	0.06%
SRPT	F	0.06%
SQ	B	0.06%
AYI	A	0.06%
MAR	A	0.06%
SNX	C	0.06%
IFF	F	0.06%
RGA	A	0.06%
GMED	B	0.06%
FOX	A	0.06%
HAE	B	0.06%
CRBG	C	0.06%
RJF	A	0.06%
AMD	F	0.06%
CNMD	C	0.06%
ACI	C	0.06%
FI	A	0.06%
NBIX	C	0.06%
SMG	D	0.06%
ROKU	C	0.05%
OPK	B	0.05%
MKC	D	0.05%
MAA	C	0.05%
LNC	B	0.05%
LBRDA	C	0.05%
JLL	C	0.05%
SJW	F	0.05%
SUI	F	0.05%
TOL	B	0.05%
MKL	A	0.05%
WLK	F	0.05%
PEN	C	0.05%
EQH	B	0.05%
BRKR	F	0.05%
UNFI	B	0.05%
L	A	0.05%
EBAY	C	0.05%
GXO	B	0.05%
BERY	D	0.05%
SCSC	B	0.04%
BEN	C	0.04%
RSG	B	0.04%
AZO	B	0.04%
LNTH	F	0.04%
CFG	B	0.04%
ORI	A	0.04%
FIS	B	0.04%
KEY	B	0.04%
MEDP	D	0.04%
EMR	A	0.04%
ADI	D	0.04%
MTB	A	0.04%
HUN	F	0.04%
AJG	A	0.04%
OMI	F	0.04%
RVMD	C	0.04%
ORLY	A	0.04%
NOVT	C	0.04%
TMHC	B	0.04%
PH	A	0.04%
SWK	F	0.04%
TDS	C	0.04%
GPC	D	0.04%
ESS	C	0.04%
UNM	A	0.04%
CR	B	0.04%
ITCI	B	0.04%
TTC	F	0.04%
WMG	B	0.04%
AVNS	F	0.04%
CINF	A	0.04%
MD	C	0.04%
WRB	B	0.04%
JEF	B	0.04%
VKTX	F	0.04%
AWR	C	0.04%
KLG	F	0.04%
NTRS	A	0.04%
FYBR	D	0.04%
ALLY	C	0.04%
FITB	A	0.04%
EXAS	F	0.04%
FAF	C	0.04%
INVH	D	0.04%
EXPE	B	0.04%
PCVX	D	0.04%
WHR	B	0.04%
THG	A	0.03%
NSP	F	0.03%
MSI	B	0.03%
ARW	F	0.03%
NUVL	D	0.03%
GNW	B	0.03%
WTS	B	0.03%
EL	F	0.03%
WELL	B	0.03%
MDGL	C	0.03%
OPCH	F	0.03%
MTH	D	0.03%
JXN	C	0.03%
NEO	B	0.03%
CSL	B	0.03%
CHWY	B	0.03%
REZI	A	0.03%
TNDM	F	0.03%
KBH	D	0.03%
INTU	A	0.03%
SF	A	0.03%
ON	F	0.03%
VOYA	B	0.03%
RKT	F	0.03%
MIDD	D	0.03%
SMMT	D	0.03%
HALO	C	0.03%
ENSG	C	0.03%
CPT	C	0.03%
AMRX	B	0.03%
AMH	C	0.03%
CYTK	C	0.03%
SPGI	C	0.03%
FLGT	F	0.03%
SPG	A	0.03%
ELS	B	0.03%
IONS	F	0.03%
HBAN	A	0.03%
NWS	B	0.03%
ENR	A	0.03%
OFIX	C	0.03%
ICE	C	0.03%
KDP	C	0.03%
GME	C	0.03%
UPS	C	0.03%
DAR	B	0.03%
IT	B	0.03%
VYX	B	0.03%
CG	B	0.03%
IRDM	B	0.03%
SANM	C	0.03%
UDR	C	0.03%
LKQ	C	0.03%
CNXN	C	0.03%
APO	B	0.03%
SGRY	F	0.03%
GPN	B	0.03%
AMT	F	0.03%
LYV	A	0.03%
RHI	B	0.03%
ZBRA	B	0.03%
LNN	B	0.03%
IVZ	B	0.03%
RF	A	0.03%
BPMC	C	0.03%
SNEX	B	0.03%
PANW	B	0.02%
BBWI	C	0.02%
SCI	B	0.02%
VRT	B	0.02%
XRAY	F	0.02%
MSEX	C	0.02%
FHN	A	0.02%
GH	B	0.02%
NATL	B	0.02%
ARES	B	0.02%
SEE	C	0.02%
EVR	B	0.02%
GL	B	0.02%
VIR	C	0.02%
BXP	D	0.02%
ZION	B	0.02%
HST	D	0.02%
AAP	C	0.02%
UTZ	F	0.02%
GKOS	B	0.02%
AMPH	C	0.02%
JANX	C	0.02%
AVT	C	0.02%
AXSM	B	0.02%
ATR	A	0.02%
TTEK	F	0.02%
WCC	B	0.02%
PCRX	C	0.02%
R	B	0.02%
SRRK	C	0.02%
FOLD	F	0.02%
ADTN	B	0.02%
CENTA	C	0.02%
ALIT	C	0.02%
ACAD	C	0.02%
SMPL	B	0.02%
INSM	C	0.02%
EWTX	C	0.02%
COOP	B	0.02%
MRVL	B	0.02%
BKD	F	0.02%
ESAB	B	0.02%
CCS	F	0.02%
PLXS	C	0.02%
APLS	F	0.02%
BHF	B	0.02%
RARE	F	0.02%
IOVA	D	0.02%
SWKS	F	0.02%
CMA	A	0.02%
MCY	B	0.02%
DKS	D	0.02%
BR	A	0.02%
KRYS	C	0.02%
ATEC	C	0.02%
ADV	F	0.02%
PFSI	D	0.02%
MHO	D	0.02%
TPH	C	0.02%
DOX	C	0.02%
OTIS	D	0.02%
MAS	D	0.02%
IBKR	A	0.02%
TNET	C	0.02%
ENTG	F	0.02%
HAIN	F	0.02%
CRNX	B	0.02%
CCI	F	0.02%
GAP	B	0.02%
PTCT	C	0.02%
AORT	C	0.02%
NWL	B	0.02%
NDAQ	B	0.02%
THS	F	0.02%
AMKR	F	0.02%
BRO	B	0.02%
LECO	C	0.02%
OMF	A	0.02%
TPG	B	0.02%
LILAK	F	0.02%
AZTA	F	0.02%
BLDR	C	0.02%
XRX	F	0.02%
DLR	C	0.02%
JJSF	C	0.02%
ZG	B	0.02%
SSNC	C	0.02%
COMP	B	0.02%
GFS	C	0.02%
PWR	B	0.02%
NOW	A	0.02%
KELYA	F	0.02%
SIRI	C	0.02%
WU	F	0.02%
WMS	F	0.02%
CHE	D	0.02%
KMPR	A	0.02%
HWKN	C	0.02%
ROST	D	0.02%
TWI	F	0.02%
UNP	D	0.02%
HLT	A	0.02%
ATRC	C	0.02%
MMS	F	0.02%
BBIO	F	0.02%
OPEN	F	0.02%
CORT	B	0.02%
EQIX	B	0.02%
ABM	B	0.02%
MCHP	F	0.02%
AMED	F	0.02%
USM	C	0.02%
PCTY	B	0.01%
YORW	F	0.01%
SONO	C	0.01%
USPH	C	0.01%
VCTR	C	0.01%
SFNC	B	0.01%
ACHC	F	0.01%
UBSI	B	0.01%
EOLS	F	0.01%
TRIP	D	0.01%
URBN	C	0.01%
ABCB	B	0.01%
ONB	B	0.01%
NYT	C	0.01%
SIBN	D	0.01%
CGEM	F	0.01%
AEO	F	0.01%
PLAY	C	0.01%
MIRM	B	0.01%
IEX	B	0.01%
VZIO	D	0.01%
OCUL	C	0.01%
BKU	A	0.01%
LFST	B	0.01%
REG	A	0.01%
DLB	D	0.01%
VSAT	F	0.01%
BCRX	D	0.01%
GMS	B	0.01%
PJT	B	0.01%
FIVE	F	0.01%
MAT	C	0.01%
KE	C	0.01%
DYN	D	0.01%
NX	C	0.01%
CMC	B	0.01%
BRX	A	0.01%
FOUR	B	0.01%
CCRN	F	0.01%
WTM	A	0.01%
GTES	B	0.01%
TYL	B	0.01%
FRPT	B	0.01%
WH	A	0.01%
FLS	B	0.01%
ELVN	C	0.01%
CVCO	B	0.01%
PLUS	F	0.01%
MC	B	0.01%
KIDS	F	0.01%
MTN	C	0.01%
APAM	B	0.01%
WGO	B	0.01%
PII	F	0.01%
IRTC	C	0.01%
DORM	B	0.01%
SSB	B	0.01%
PB	B	0.01%
ANSS	B	0.01%
DIOD	F	0.01%
SYNA	C	0.01%
SANA	F	0.01%
SATS	D	0.01%
KURA	F	0.01%
HAS	D	0.01%
ACT	C	0.01%
GRBK	D	0.01%
DBX	B	0.01%
PRLB	C	0.01%
LBPH	A	0.01%
VRDN	C	0.01%
WPC	F	0.01%
KFRC	C	0.01%
SFM	B	0.01%
CADE	B	0.01%
LFUS	D	0.01%
TOST	A	0.01%
APG	C	0.01%
HWC	B	0.01%
FICO	B	0.01%
RLI	A	0.01%
OZK	B	0.01%
SSYS	B	0.01%
UCTT	F	0.01%
HGV	B	0.01%
ACIW	B	0.01%
FNA	B	0.01%
DAWN	D	0.01%
WD	D	0.01%
QRVO	F	0.01%
BXC	B	0.01%
TCBI	B	0.01%
AVO	B	0.01%
FNB	B	0.01%
VNT	C	0.01%
FIX	B	0.01%
UI	B	0.01%
ASB	B	0.01%
FG	B	0.01%
HURN	B	0.01%
LCII	D	0.01%
XYL	F	0.01%
SKY	B	0.01%
NTLA	F	0.01%
CBSH	A	0.01%
HMN	B	0.01%
UMBF	B	0.01%
PSTG	D	0.01%
KNF	C	0.01%
CNM	D	0.01%
PRG	B	0.01%
SNA	A	0.01%
MTG	C	0.01%
TDC	F	0.01%
RDN	C	0.01%
PIPR	B	0.01%
BRC	B	0.01%
IMVT	D	0.01%
VRSN	C	0.01%
CRVL	B	0.01%
HTH	B	0.01%
IPGP	C	0.01%
PTGX	D	0.01%
MDXG	A	0.01%
ASIX	B	0.01%
CSX	B	0.01%
CXT	F	0.01%
KWR	C	0.01%
BEAM	C	0.01%
MTCH	F	0.01%
IOSP	B	0.01%
IRT	A	0.01%
PNFP	B	0.01%
TRUP	B	0.01%
AKRO	C	0.01%
MSM	C	0.01%
SBAC	D	0.01%
UPBD	B	0.01%
RYAN	B	0.01%
ENS	D	0.01%
UNF	B	0.01%
AXNX	A	0.01%
DAY	B	0.01%
CABO	B	0.01%
SBH	A	0.01%
IR	A	0.01%
WBS	A	0.01%
RCM	B	0.01%
CFR	B	0.01%
ADMA	C	0.01%
FND	F	0.01%
GSAT	B	0.01%
RCKT	F	0.01%
MYGN	F	0.01%
IAC	F	0.01%
LANC	C	0.01%
EXLS	B	0.01%
ANIP	C	0.01%
MNKD	C	0.01%
SNDX	D	0.01%
UWMC	F	0.01%
AGIO	B	0.01%
SXT	B	0.01%
VLY	B	0.01%
CC	C	0.01%
TNC	F	0.01%
MORN	B	0.01%
JBSS	F	0.01%
MSCI	B	0.01%
COIN	B	0.01%
SITE	D	0.01%
LAMR	D	0.01%
EVH	F	0.01%
NVAX	F	0.01%
COLL	F	0.01%
TDOC	C	0.01%
APP	B	0.01%
AGL	F	0.01%
AIV	D	0.01%
BECN	B	0.01%
RXRX	C	0.01%
NGVT	B	0.01%
CE	F	0.01%
INVA	C	0.01%
FHI	A	0.01%
TVTX	B	0.01%
HLI	B	0.01%
CLDX	F	0.01%
ADUS	D	0.01%
DOC	C	0.01%
FL	F	0.01%
ARDX	F	0.01%
CRSR	C	0.01%
HRB	D	0.01%
GERN	F	0.01%
DFH	F	0.01%
KEX	A	0.01%
ARE	F	0.01%
IDT	B	0.01%
UHAL	D	0.01%
WTFC	B	0.01%
AXTA	A	0.01%
O	D	0.01%
PINC	B	0.01%
TGNA	B	0.01%
TEX	D	0.01%
NMRK	B	0.01%
TTWO	A	0.01%
FTV	C	0.01%
HRMY	D	0.01%
BURL	C	0.01%
BCC	B	0.01%
WAL	B	0.01%
KFY	B	0.01%
EXPI	C	0.01%
BOKF	B	0.01%
HUBB	C	0.01%
RNA	B	0.01%
NHC	B	0.01%
ASTH	F	0.01%
LMAT	B	0.01%
CGON	D	0.01%
ALB	C	0.01%
KIM	A	0.01%
STGW	B	0.01%
CPRX	C	0.01%
ICFI	C	0.01%
UFPI	B	0.01%
NSIT	F	0.01%
BGC	C	0.01%
IDYA	F	0.01%
IRM	D	0.01%
PBH	A	0.01%
TTMI	B	0.01%
H	B	0.01%
DVAX	B	0.01%
EMN	D	0.01%
CSTL	C	0.01%
FCNCA	B	0.01%
CNXC	F	0.01%
TRMB	B	0.01%
TER	F	0.01%
IRWD	D	0.01%
ARVN	D	0.01%
TNL	A	0.01%
TARS	C	0.01%
XNCR	B	0.01%
BZH	B	0.01%
ASH	F	0.01%
LGND	C	0.01%
VCEL	B	0.01%
SPTN	F	0.01%
LGF.A	D	0.01%
VSH	F	0.01%
RRX	B	0.01%
HOV	F	0.01%
TWST	F	0.01%
KYMR	C	0.01%
CLH	B	0.01%
VNO	C	0.01%
PDCO	F	0.01%
CNO	B	0.01%
ESI	B	0.01%
HHH	B	0.01%
AME	A	0.01%
PRVA	B	0.01%
GNRC	B	0.01%
BC	D	0.01%
SNV	B	0.01%
FFIV	B	0.01%
BGS	F	0.01%
ADSK	B	0.01%
NTRA	B	0.01%
RYTM	C	0.01%
TRU	D	0.01%
VAC	B	0.01%
AMN	F	0.01%
RGEN	C	0.01%
ASGN	D	0.01%
NVST	C	0.01%
GEN	B	0.01%
SWTX	C	0.01%
EWBC	B	0.01%
FDX	B	0.01%
CNDT	B	0.01%
AMG	B	0.01%
BHE	C	0.01%
CIEN	B	0.01%
EEFT	C	0.01%
GT	C	0.01%
DOV	A	0.01%
THO	B	0.01%
KROS	C	0.01%
INSP	F	0.01%
NARI	C	0.01%
EPAM	B	0.01%
UFPT	C	0.01%
GDDY	B	0.01%
LGIH	F	0.01%
COHR	C	0.01%
VERA	B	0.01%
NXST	C	0.01%
MRVI	F	0.01%
VRSK	A	0.01%
AIT	A	0.01%
JNPR	D	0.01%
ROP	A	0.01%
WDAY	B	0.01%
TGTX	B	0.01%
FTNT	B	0.01%
URI	B	0.01%
AKAM	F	0.01%
ABNB	C	0.01%
ARWR	C	0.01%
TXG	F	0.01%
SUPN	C	0.01%
STC	C	0.01%
ACLX	C	0.01%
ALGN	D	0.01%
EDR	B	0.01%
BCO	F	0.01%
AMRK	F	0.01%
DNLI	C	0.01%
SIGI	B	0.01%
FCN	F	0.01%
EFX	F	0.01%
SCLX	F	0.0%
VIRT	B	0.0%
OABI	D	0.0%
ABUS	D	0.0%
ANAB	F	0.0%
BLFS	C	0.0%
CELC	D	0.0%
PRME	D	0.0%
STOK	B	0.0%
QTRX	D	0.0%
ABSI	F	0.0%
ORIC	D	0.0%
SVRA	F	0.0%
ALT	C	0.0%
NUVB	B	0.0%
FORM	F	0.0%
CTKB	C	0.0%
ALGM	F	0.0%
OLMA	F	0.0%
LYEL	D	0.0%
SIGA	F	0.0%
MNMD	B	0.0%
ALEC	D	0.0%
PLAB	C	0.0%
DFIN	D	0.0%
LQDA	D	0.0%
OSCR	D	0.0%
WAFD	B	0.0%
WSFS	B	0.0%
MSGS	B	0.0%
UCB	B	0.0%
RLAY	F	0.0%
GIC	F	0.0%
NDSN	B	0.0%
TW	B	0.0%
TYRA	F	0.0%
ARCT	F	0.0%
PHAT	F	0.0%
FDMT	F	0.0%
ZEUS	C	0.0%
COGT	D	0.0%
BSY	F	0.0%
COLB	A	0.0%
REYN	D	0.0%
YMAB	D	0.0%
SAVA	D	0.0%
PGNY	F	0.0%
MMI	B	0.0%
HZO	F	0.0%
CRAI	C	0.0%
GOLF	B	0.0%
SAFT	B	0.0%
APLT	C	0.0%
STEP	B	0.0%
AEIS	B	0.0%
NVEE	F	0.0%
CNS	C	0.0%
IMNM	F	0.0%
CNA	C	0.0%
ONTO	F	0.0%
COTY	D	0.0%
MLI	B	0.0%
FHB	B	0.0%
ARQT	B	0.0%
AZZ	B	0.0%
MODG	F	0.0%
IBP	F	0.0%
CBT	C	0.0%
TKR	F	0.0%
HOMB	A	0.0%
RGNX	D	0.0%
ETNB	C	0.0%
ITRI	B	0.0%
ANF	C	0.0%
CATY	B	0.0%
SAGE	F	0.0%
IRON	C	0.0%
TTD	B	0.0%
HSII	B	0.0%
CBZ	B	0.0%
EYPT	C	0.0%
CHH	B	0.0%
MLYS	D	0.0%
TKO	D	0.0%
NRIX	B	0.0%
SPRY	C	0.0%
RCUS	F	0.0%
CRUS	F	0.0%
PLRX	D	0.0%
UVE	B	0.0%
SCHL	F	0.0%
UFCS	B	0.0%
GBCI	B	0.0%
TMCI	C	0.0%
ROG	D	0.0%
FRT	B	0.0%
FULT	B	0.0%
DCI	A	0.0%
ITT	A	0.0%
PNTG	D	0.0%
CARR	C	0.0%
BBSI	B	0.0%
PTC	B	0.0%
SLAB	F	0.0%
NSC	B	0.0%
CTS	C	0.0%
VCYT	B	0.0%
EXR	D	0.0%

HKND Underweight 34 Positions Relative to QUAL

Symbol	Grade	Weight
META	B	-4.26%
COP	C	-1.69%
ACN	B	-1.66%
GOOG	C	-1.58%
CAT	B	-1.45%
NKE	F	-1.36%
CMG	B	-1.22%
LIN	D	-1.15%
LMT	D	-1.08%
BLK	A	-0.96%
SRE	B	-0.89%
SLB	C	-0.87%
LULU	B	-0.64%
PEG	C	-0.64%
TPL	B	-0.56%
ED	D	-0.49%
ZTS	D	-0.49%
GRMN	A	-0.48%
DECK	B	-0.47%
ATO	B	-0.38%
ODFL	B	-0.34%
WSM	F	-0.29%
FERG	B	-0.29%
ACGL	C	-0.25%
MNST	B	-0.22%
EQT	B	-0.21%
MANH	C	-0.2%
APA	F	-0.18%
CBOE	D	-0.14%
EXPD	C	-0.12%
ROL	C	-0.11%
PKG	B	-0.1%
AVY	F	-0.08%
MKTX	C	-0.07%