HKND vs. QWLD ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$127.75

Average Daily Volume

3,758

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

Performance

Period	HKND	QWLD
30 Days	-0.87%	-0.87%
60 Days	-0.16%	0.52%
90 Days	1.88%	2.56%
12 Months	19.10%	23.47%

386 Overlapping Holdings

	Symbol	Grade	Weight in HKND	Weight in QWLD	Overlap
	A	F	0.15%	0.07%	0.07%
	AAPL	C	2.14%	2.5%	2.14%
	ABBV	F	1.98%	0.16%	0.16%
	ABBV	F	1.98%	0.41%	0.41%
	ABNB	C	0.01%	0.01%	0.01%
	ABT	C	1.12%	0.09%	0.09%
	ACI	C	0.06%	0.02%	0.02%
	ACM	B	0.09%	0.01%	0.01%
	ADBE	C	0.04%	0.42%	0.04%
	ADI	D	0.04%	0.04%	0.04%
	ADM	F	1.36%	0.05%	0.05%
	ADP	A	0.07%	0.26%	0.07%
	ADSK	B	0.01%	0.1%	0.01%
	AFG	A	0.03%	0.02%	0.02%
	AFL	C	0.08%	0.12%	0.08%
	AGCO	F	0.64%	0.01%	0.01%
	AIG	B	0.23%	0.07%	0.07%
	AIZ	A	0.11%	0.08%	0.08%
	AJG	A	0.04%	0.18%	0.04%
	AKAM	F	0.01%	0.13%	0.01%
	ALB	C	0.01%	0.01%	0.01%
	ALGN	D	0.01%	0.0%	0.0%
	ALL	B	0.21%	0.07%	0.07%
	ALLY	C	0.04%	0.02%	0.02%
	AMAT	F	0.14%	0.32%	0.14%
	AMD	F	0.06%	0.04%	0.04%
	AME	A	0.01%	0.01%	0.01%
	AMGN	F	1.04%	0.18%	0.18%
	AMH	C	0.03%	0.0%	0.0%
	AMP	A	0.08%	0.09%	0.08%
	AMT	F	0.03%	0.02%	0.02%
	AMZN	A	0.64%	0.37%	0.37%
	ANET	C	0.02%	0.21%	0.02%
	ANSS	B	0.01%	0.0%	0.0%
	AOS	F	0.01%	0.02%	0.01%
	APD	B	0.02%	0.03%	0.02%
	APH	B	0.05%	0.43%	0.05%
	APO	B	0.03%	0.02%	0.02%
	APP	B	0.01%	0.0%	0.0%
	ARE	F	0.01%	0.01%	0.01%
	ARES	B	0.02%	0.01%	0.01%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	C	0.12%	0.12%	0.12%
	AVTR	F	0.13%	0.01%	0.01%
	AWK	D	0.35%	0.01%	0.01%
	AXP	B	0.22%	0.06%	0.06%
	AZO	B	0.04%	0.29%	0.04%
	BAC	A	0.54%	0.38%	0.38%
	BAX	F	0.8%	0.01%	0.01%
	BBWI	C	0.02%	0.0%	0.0%
	BBY	C	0.26%	0.05%	0.05%
	BDX	F	1.13%	0.08%	0.08%
	BEN	C	0.04%	0.01%	0.01%
	BG	D	0.79%	0.02%	0.02%
	BIIB	F	0.26%	0.01%	0.01%
	BIO	C	0.1%	0.0%	0.0%
	BK	B	0.12%	0.05%	0.05%
	BKNG	A	0.08%	0.03%	0.03%
	BLDR	C	0.02%	0.04%	0.02%
	BMRN	F	0.07%	0.07%	0.07%
	BMY	B	1.0%	0.21%	0.21%
	BR	A	0.02%	0.04%	0.02%
	BRO	B	0.02%	0.14%	0.02%
	BSX	A	0.75%	0.02%	0.02%
	BSY	F	0.0%	0.01%	0.0%
	BURL	C	0.01%	0.01%	0.01%
	BXP	D	0.02%	0.01%	0.01%
	C	B	0.41%	0.25%	0.25%
	CAG	F	0.33%	0.04%	0.04%
	CAH	B	0.31%	0.12%	0.12%
	CARR	C	0.0%	0.02%	0.0%
	CBRE	B	0.12%	0.03%	0.03%
	CCI	F	0.02%	0.01%	0.01%
	CDNS	B	0.01%	0.14%	0.01%
	CDW	F	0.07%	0.08%	0.07%
	CE	F	0.01%	0.01%	0.01%
	CF	B	0.99%	0.12%	0.12%
	CFG	B	0.04%	0.04%	0.04%
	CG	B	0.03%	0.01%	0.01%
	CHD	A	0.35%	0.18%	0.18%
	CHTR	B	0.2%	0.06%	0.06%
	CI	D	0.98%	0.17%	0.17%
	CINF	A	0.04%	0.02%	0.02%
	CL	F	1.22%	0.19%	0.19%
	CLX	A	0.24%	0.01%	0.01%
	CMCSA	B	0.7%	0.17%	0.17%
	CME	B	0.03%	0.15%	0.03%
	CMI	A	0.06%	0.09%	0.06%
	CNC	F	0.29%	0.05%	0.05%
	COF	B	0.19%	0.1%	0.1%
	COIN	B	0.01%	0.01%	0.01%
	COR	B	0.33%	0.42%	0.33%
	COST	B	0.1%	0.75%	0.1%
	CPB	F	0.07%	0.09%	0.07%
	CPT	C	0.03%	0.0%	0.0%
	CRBG	C	0.06%	0.01%	0.01%
	CRL	C	0.09%	0.0%	0.0%
	CRM	B	0.09%	0.05%	0.05%
	CSCO	A	0.18%	1.02%	0.18%
	CSGP	F	0.01%	0.0%	0.0%
	CSL	B	0.03%	0.03%	0.03%
	CSX	B	0.01%	0.12%	0.01%
	CTAS	B	0.04%	0.14%	0.04%
	CTLT	D	0.14%	0.01%	0.01%
	CTSH	A	0.08%	0.21%	0.08%
	CTVA	C	1.54%	0.05%	0.05%
	CVS	F	0.44%	0.18%	0.18%
	DAY	B	0.01%	0.0%	0.0%
	DD	D	0.32%	0.02%	0.02%
	DE	D	1.98%	0.06%	0.06%
	DELL	C	1.1%	0.01%	0.01%
	DFS	B	0.07%	0.04%	0.04%
	DGX	B	0.61%	0.1%	0.1%
	DHI	D	0.15%	0.11%	0.11%
	DHR	F	0.53%	0.05%	0.05%
	DIS	B	0.21%	0.08%	0.08%
	DKS	D	0.02%	0.02%	0.02%
	DLR	C	0.02%	0.02%	0.02%
	DOC	C	0.01%	0.01%	0.01%
	DOV	A	0.01%	0.05%	0.01%
	DOW	F	0.18%	0.04%	0.04%
	DVA	C	0.12%	0.01%	0.01%
	DXCM	C	0.13%	0.0%	0.0%
	EA	A	0.02%	0.19%	0.02%
	EBAY	C	0.05%	0.01%	0.01%
	ECL	C	0.89%	0.01%	0.01%
	EFX	F	0.01%	0.01%	0.01%
	EL	F	0.03%	0.01%	0.01%
	ELS	B	0.03%	0.0%	0.0%
	ELV	F	0.33%	0.22%	0.22%
	EME	B	0.02%	0.04%	0.02%
	EMN	D	0.01%	0.01%	0.01%
	EMR	A	0.04%	0.03%	0.03%
	ENPH	F	0.1%	0.02%	0.02%
	ENTG	F	0.02%	0.0%	0.0%
	EPAM	B	0.01%	0.02%	0.01%
	EQH	B	0.05%	0.01%	0.01%
	EQIX	B	0.02%	0.01%	0.01%
	EQR	C	0.07%	0.01%	0.01%
	ERIE	F	0.01%	0.12%	0.01%
	ESS	C	0.04%	0.01%	0.01%
	EW	F	0.28%	0.07%	0.07%
	EXAS	F	0.04%	0.0%	0.0%
	EXPE	B	0.04%	0.01%	0.01%
	EXR	D	0.0%	0.01%	0.0%
	FAST	B	0.03%	0.09%	0.03%
	FCNCA	B	0.01%	0.12%	0.01%
	FDS	A	0.01%	0.03%	0.01%
	FDX	B	0.01%	0.07%	0.01%
	FFIV	B	0.01%	0.16%	0.01%
	FI	A	0.06%	0.08%	0.06%
	FICO	B	0.01%	0.04%	0.01%
	FIS	B	0.04%	0.02%	0.02%
	FITB	A	0.04%	0.03%	0.03%
	FNF	C	0.07%	0.01%	0.01%
	FOX	A	0.06%	0.01%	0.01%
	FSLR	F	0.15%	0.01%	0.01%
	FTNT	B	0.01%	0.01%	0.01%
	FTV	C	0.01%	0.01%	0.01%
	GDDY	B	0.01%	0.23%	0.01%
	GEHC	D	0.95%	0.02%	0.02%
	GEN	B	0.01%	0.12%	0.01%
	GGG	B	0.0%	0.03%	0.0%
	GILD	B	0.83%	0.25%	0.25%
	GIS	F	0.27%	0.33%	0.27%
	GLW	B	0.11%	0.02%	0.02%
	GOOGL	C	4.05%	1.08%	1.08%
	GPC	D	0.04%	0.05%	0.04%
	GPN	B	0.03%	0.02%	0.02%
	GS	B	0.35%	0.17%	0.17%
	GWW	B	0.06%	0.11%	0.06%
	H	B	0.01%	0.0%	0.0%
	HBAN	A	0.03%	0.03%	0.03%
	HCA	D	0.9%	0.04%	0.04%
	HD	B	0.39%	0.14%	0.14%
	HIG	C	0.1%	0.03%	0.03%
	HLT	A	0.02%	0.01%	0.01%
	HOLX	D	0.26%	0.01%	0.01%
	HPE	B	0.21%	0.04%	0.04%
	HPQ	B	0.79%	0.04%	0.04%
	HSIC	F	0.13%	0.01%	0.01%
	HST	D	0.02%	0.01%	0.01%
	HSY	F	0.06%	0.16%	0.06%
	HUBB	C	0.01%	0.04%	0.01%
	HUM	D	0.21%	0.16%	0.16%
	IBM	D	0.25%	0.48%	0.25%
	ICE	C	0.03%	0.03%	0.03%
	IDXX	F	0.02%	0.07%	0.02%
	IEX	B	0.01%	0.03%	0.01%
	IFF	F	0.06%	0.01%	0.01%
	ILMN	C	0.11%	0.0%	0.0%
	INCY	B	0.11%	0.16%	0.11%
	INTC	C	1.67%	0.1%	0.1%
	INTU	A	0.03%	0.25%	0.03%
	INVH	D	0.04%	0.01%	0.01%
	IPG	F	0.03%	0.02%	0.02%
	IQV	F	0.45%	0.01%	0.01%
	IR	A	0.01%	0.01%	0.01%
	IRM	D	0.01%	0.01%	0.01%
	ISRG	A	0.34%	0.25%	0.25%
	IT	B	0.03%	0.04%	0.03%
	ITW	B	0.03%	0.14%	0.03%
	J	D	0.28%	0.01%	0.01%
	JBL	C	0.14%	0.02%	0.02%
	JKHY	C	0.01%	0.07%	0.01%
	JNJ	D	2.05%	1.11%	1.11%
	JNPR	D	0.01%	0.13%	0.01%
	JPM	A	0.71%	0.59%	0.59%
	K	A	0.26%	0.22%	0.22%
	KDP	C	0.03%	0.14%	0.03%
	KEY	B	0.04%	0.03%	0.03%
	KEYS	C	0.01%	0.18%	0.01%
	KIM	A	0.01%	0.01%	0.01%
	KLAC	F	0.04%	0.16%	0.04%
	KMB	D	0.09%	0.11%	0.09%
	KO	F	0.01%	0.57%	0.01%
	KR	A	0.23%	0.32%	0.23%
	KVUE	A	0.42%	0.08%	0.08%
	L	A	0.05%	0.17%	0.05%
	LEN	D	0.14%	0.09%	0.09%
	LH	B	0.9%	0.02%	0.02%
	LKQ	C	0.03%	0.01%	0.01%
	LLY	F	1.78%	1.17%	1.17%
	LOW	B	0.25%	0.07%	0.07%
	LPLA	A	0.04%	0.04%	0.04%
	LRCX	F	0.09%	0.2%	0.09%
	LYV	A	0.03%	0.0%	0.0%
	MA	B	0.12%	0.7%	0.12%
	MAA	C	0.05%	0.01%	0.01%
	MAR	A	0.06%	0.01%	0.01%
	MAS	D	0.02%	0.01%	0.01%
	MCHP	F	0.02%	0.06%	0.02%
	MCK	B	0.45%	0.51%	0.45%
	MCO	C	0.02%	0.12%	0.02%
	MDLZ	F	0.3%	0.15%	0.15%
	MET	C	0.2%	0.05%	0.05%
	MKC	D	0.05%	0.01%	0.01%
	MKL	A	0.05%	0.12%	0.05%
	MMC	D	0.12%	0.51%	0.12%
	MMM	C	0.06%	0.14%	0.06%
	MOH	F	0.07%	0.06%	0.06%
	MOS	D	1.74%	0.02%	0.02%
	MPWR	F	0.0%	0.06%	0.0%
	MRK	F	1.57%	0.44%	0.44%
	MRNA	F	0.2%	0.01%	0.01%
	MRVL	B	0.02%	0.01%	0.01%
	MS	A	0.4%	0.11%	0.11%
	MSCI	B	0.01%	0.0%	0.0%
	MSFT	C	2.29%	2.29%	2.29%
	MSI	B	0.03%	0.61%	0.03%
	MTB	A	0.04%	0.05%	0.04%
	MTCH	F	0.01%	0.0%	0.0%
	MU	D	0.13%	0.04%	0.04%
	NBIX	C	0.06%	0.11%	0.06%
	NDAQ	B	0.02%	0.01%	0.01%
	NDSN	B	0.0%	0.02%	0.0%
	NFLX	A	0.09%	0.51%	0.09%
	NOW	A	0.02%	0.01%	0.01%
	NSC	B	0.0%	0.03%	0.0%
	NTAP	D	0.03%	0.04%	0.03%
	NTRS	A	0.04%	0.02%	0.02%
	NVDA	A	0.1%	2.56%	0.1%
	NVR	D	0.05%	0.06%	0.05%
	O	D	0.01%	0.02%	0.01%
	OMC	A	0.05%	0.04%	0.04%
	ON	F	0.03%	0.01%	0.01%
	ORCL	A	0.2%	0.25%	0.2%
	ORLY	A	0.04%	0.24%	0.04%
	OTIS	D	0.02%	0.01%	0.01%
	PANW	B	0.02%	0.18%	0.02%
	PAYC	B	0.01%	0.02%	0.01%
	PAYX	B	0.02%	0.1%	0.02%
	PEP	D	0.38%	0.79%	0.38%
	PFE	F	1.53%	0.19%	0.19%
	PFG	C	0.06%	0.02%	0.02%
	PG	C	3.85%	0.89%	0.89%
	PGR	A	0.21%	0.35%	0.21%
	PH	A	0.04%	0.02%	0.02%
	PHM	D	0.07%	0.06%	0.06%
	PLD	D	0.02%	0.04%	0.02%
	PNC	B	0.1%	0.09%	0.09%
	PODD	B	0.08%	0.0%	0.0%
	POOL	D	0.01%	0.03%	0.01%
	PPG	F	0.03%	0.01%	0.01%
	PRU	B	0.17%	0.05%	0.05%
	PSA	D	0.01%	0.08%	0.01%
	PSTG	D	0.01%	0.0%	0.0%
	PTC	B	0.0%	0.08%	0.0%
	PWR	B	0.02%	0.01%	0.01%
	PYPL	A	0.09%	0.04%	0.04%
	QCOM	F	0.15%	0.34%	0.15%
	QRVO	F	0.01%	0.0%	0.0%
	REG	A	0.01%	0.01%	0.01%
	REGN	F	0.43%	0.33%	0.33%
	RF	A	0.03%	0.03%	0.03%
	RJF	A	0.06%	0.02%	0.02%
	RMD	C	0.2%	0.05%	0.05%
	ROK	B	0.02%	0.06%	0.02%
	ROKU	C	0.05%	0.0%	0.0%
	ROP	A	0.01%	0.49%	0.01%
	ROST	D	0.02%	0.02%	0.02%
	RPRX	F	0.1%	0.01%	0.01%
	RS	C	0.03%	0.02%	0.02%
	RSG	B	0.04%	0.45%	0.04%
	RVTY	C	0.12%	0.01%	0.01%
	SBAC	D	0.01%	0.01%	0.01%
	SCHW	B	0.08%	0.04%	0.04%
	SEIC	A	0.01%	0.02%	0.01%
	SHW	A	0.05%	0.14%	0.05%
	SJM	F	0.48%	0.07%	0.07%
	SMCI	F	0.01%	0.02%	0.01%
	SNA	A	0.01%	0.04%	0.01%
	SNPS	C	0.02%	0.13%	0.02%
	SOLV	C	0.18%	0.03%	0.03%
	SPG	A	0.03%	0.02%	0.02%
	SPGI	C	0.03%	0.03%	0.03%
	SQ	B	0.06%	0.01%	0.01%
	SSNC	C	0.02%	0.01%	0.01%
	STT	B	0.09%	0.03%	0.03%
	SUI	F	0.05%	0.01%	0.01%
	SWK	F	0.04%	0.01%	0.01%
	SWKS	F	0.02%	0.03%	0.02%
	SYF	B	0.08%	0.04%	0.04%
	SYK	A	1.16%	0.03%	0.03%
	SYY	D	0.07%	0.03%	0.03%
	T	A	0.89%	0.38%	0.38%
	TECH	D	0.07%	0.0%	0.0%
	TER	F	0.01%	0.03%	0.01%
	TFC	B	0.1%	0.09%	0.09%
	TFX	F	0.15%	0.0%	0.0%
	TGT	C	0.13%	0.14%	0.13%
	TJX	A	0.06%	0.33%	0.06%
	TMO	F	0.79%	0.06%	0.06%
	TMUS	A	0.42%	0.73%	0.42%
	TOST	A	0.01%	0.0%	0.0%
	TRMB	B	0.01%	0.01%	0.01%
	TROW	A	0.04%	0.05%	0.04%
	TRU	D	0.01%	0.01%	0.01%
	TRV	B	0.17%	0.29%	0.17%
	TSCO	D	0.02%	0.06%	0.02%
	TSLA	B	0.17%	0.14%	0.14%
	TTC	F	0.04%	0.02%	0.02%
	TTD	B	0.0%	0.0%	0.0%
	TTWO	A	0.01%	0.01%	0.01%
	TW	B	0.0%	0.0%	0.0%
	TXN	B	0.1%	0.51%	0.1%
	TYL	B	0.01%	0.0%	0.0%
	UDR	C	0.03%	0.0%	0.0%
	UHAL	D	0.01%	0.01%	0.01%
	UHS	D	0.19%	0.01%	0.01%
	ULTA	C	0.02%	0.07%	0.02%
	UNH	B	0.92%	1.34%	0.92%
	UNP	D	0.02%	0.27%	0.02%
	UPS	C	0.03%	0.07%	0.03%
	URI	B	0.01%	0.02%	0.01%
	USB	B	0.13%	0.09%	0.09%
	UTHR	B	0.09%	0.16%	0.09%
	V	A	0.17%	1.19%	0.17%
	VEEV	B	0.01%	0.05%	0.01%
	VLTO	D	0.32%	0.05%	0.05%
	VRSK	A	0.01%	0.01%	0.01%
	VRSN	C	0.01%	0.14%	0.01%
	VRT	B	0.02%	0.0%	0.0%
	VRTX	B	0.63%	0.45%	0.45%
	VTR	C	0.06%	0.01%	0.01%
	VTRS	B	0.23%	0.03%	0.03%
	VZ	D	0.87%	0.56%	0.56%
	WAT	B	0.07%	0.04%	0.04%
	WBA	D	0.23%	0.04%	0.04%
	WBD	B	0.07%	0.06%	0.06%
	WDAY	B	0.01%	0.04%	0.01%
	WDC	D	0.1%	0.01%	0.01%
	WELL	B	0.03%	0.02%	0.02%
	WFC	A	0.47%	0.27%	0.27%
	WLK	F	0.05%	0.0%	0.0%
	WM	A	0.06%	0.52%	0.06%
	WMT	A	1.14%	0.75%	0.75%
	WPC	F	0.01%	0.01%	0.01%
	WRB	B	0.04%	0.14%	0.04%
	WSO	B	0.02%	0.03%	0.02%
	WST	B	0.07%	0.04%	0.04%
	WTRG	C	0.09%	0.01%	0.01%
	XRX	F	0.02%	0.0%	0.0%
	XYL	F	0.01%	0.01%	0.01%
	ZBH	C	0.45%	0.01%	0.01%
	ZBRA	B	0.03%	0.01%	0.01%

HKND Overweight 574 Positions Relative to QWLD

	Symbol	Grade	Weight
	FMC	F	0.75%
	FDP	B	0.57%
	INGR	B	0.55%
	THC	B	0.32%
	SPB	A	0.28%
	FELE	B	0.26%
	ZWS	B	0.18%
	ENOV	C	0.15%
	LUMN	C	0.13%
	RUN	F	0.12%
	IART	C	0.11%
	ICUI	D	0.11%
	SEM	C	0.11%
	MASI	B	0.1%
	TITN	C	0.1%
	LXU	C	0.09%
	FTRE	D	0.09%
	MAN	F	0.09%
	OGN	F	0.09%
	FLO	F	0.09%
	AHCO	F	0.09%
	ALNY	D	0.09%
	EMBC	C	0.08%
	POST	D	0.08%
	ITGR	B	0.08%
	EHC	B	0.08%
	RDNT	B	0.08%
	ALG	B	0.08%
	MTD	F	0.08%
	KD	A	0.07%
	UAN	B	0.07%
	CWT	D	0.07%
	MMSI	B	0.07%
	DXC	B	0.07%
	EXEL	B	0.06%
	SRPT	F	0.06%
	AYI	A	0.06%
	SNX	C	0.06%
	RGA	A	0.06%
	GMED	B	0.06%
	HAE	B	0.06%
	CNMD	C	0.06%
	SMG	D	0.06%
	OPK	B	0.05%
	LNC	B	0.05%
	LBRDA	C	0.05%
	JLL	C	0.05%
	SJW	F	0.05%
	TOL	B	0.05%
	PEN	C	0.05%
	BRKR	F	0.05%
	UNFI	B	0.05%
	GXO	B	0.05%
	BERY	D	0.05%
	SCSC	B	0.04%
	LNTH	F	0.04%
	ORI	A	0.04%
	MEDP	D	0.04%
	HUN	F	0.04%
	OMI	F	0.04%
	RVMD	C	0.04%
	NOVT	C	0.04%
	TMHC	B	0.04%
	TDS	C	0.04%
	UNM	A	0.04%
	CR	B	0.04%
	ITCI	B	0.04%
	WMG	B	0.04%
	AVNS	F	0.04%
	MD	C	0.04%
	JEF	B	0.04%
	VKTX	F	0.04%
	AWR	C	0.04%
	KLG	F	0.04%
	FYBR	D	0.04%
	FAF	C	0.04%
	PCVX	D	0.04%
	WHR	B	0.04%
	THG	A	0.03%
	NSP	F	0.03%
	ARW	F	0.03%
	NUVL	D	0.03%
	GNW	B	0.03%
	WTS	B	0.03%
	MDGL	C	0.03%
	OPCH	F	0.03%
	MTH	D	0.03%
	JXN	C	0.03%
	NEO	B	0.03%
	CHWY	B	0.03%
	REZI	A	0.03%
	TNDM	F	0.03%
	KBH	D	0.03%
	SF	A	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%
	AMRX	B	0.03%
	CYTK	C	0.03%
	FLGT	F	0.03%
	IONS	F	0.03%
	NWS	B	0.03%
	ENR	A	0.03%
	OFIX	C	0.03%
	GME	C	0.03%
	DAR	B	0.03%
	VYX	B	0.03%
	IRDM	B	0.03%
	SANM	C	0.03%
	CNXN	C	0.03%
	SGRY	F	0.03%
	RHI	B	0.03%
	LNN	B	0.03%
	IVZ	B	0.03%
	BPMC	C	0.03%
	SNEX	B	0.03%
	SCI	B	0.02%
	XRAY	F	0.02%
	MSEX	C	0.02%
	FHN	A	0.02%
	GH	B	0.02%
	NATL	B	0.02%
	SEE	C	0.02%
	EVR	B	0.02%
	GL	B	0.02%
	VIR	C	0.02%
	ZION	B	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%
	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%
	CMA	A	0.02%
	MCY	B	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%
	IBKR	A	0.02%
	TNET	C	0.02%
	HAIN	F	0.02%
	CRNX	B	0.02%
	GAP	B	0.02%
	PTCT	C	0.02%
	AORT	C	0.02%
	NWL	B	0.02%
	THS	F	0.02%
	AMKR	F	0.02%
	LECO	C	0.02%
	OMF	A	0.02%
	TPG	B	0.02%
	LILAK	F	0.02%
	AZTA	F	0.02%
	JJSF	C	0.02%
	ZG	B	0.02%
	COMP	B	0.02%
	GFS	C	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%
	TWI	F	0.02%
	ATRC	C	0.02%
	MMS	F	0.02%
	BBIO	F	0.02%
	OPEN	F	0.02%
	CORT	B	0.02%
	ABM	B	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%
	VZIO	D	0.01%
	OCUL	C	0.01%
	BKU	A	0.01%
	LFST	B	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%
	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%
	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%
	KFRC	C	0.01%
	SFM	B	0.01%
	CADE	B	0.01%
	LFUS	D	0.01%
	APG	C	0.01%
	HWC	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%
	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%
	SKY	B	0.01%
	NTLA	F	0.01%
	CBSH	A	0.01%
	HMN	B	0.01%
	UMBF	B	0.01%
	KNF	C	0.01%
	CNM	D	0.01%
	PRG	B	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%
	CRVL	B	0.01%
	HTH	B	0.01%
	IPGP	C	0.01%
	PTGX	D	0.01%
	MDXG	A	0.01%
	ASIX	B	0.01%
	CXT	F	0.01%
	KWR	C	0.01%
	BEAM	C	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%
	UPBD	B	0.01%
	RYAN	B	0.01%
	ENS	D	0.01%
	UNF	B	0.01%
	AXNX	A	0.01%
	CABO	B	0.01%
	SBH	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%
	SITE	D	0.01%
	LAMR	D	0.01%
	EVH	F	0.01%
	NVAX	F	0.01%
	COLL	F	0.01%
	TDOC	C	0.01%
	AGL	F	0.01%
	AIV	D	0.01%
	BECN	B	0.01%
	RXRX	C	0.01%
	NGVT	B	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%
	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%
	IDT	B	0.01%
	WTFC	B	0.01%
	AXTA	A	0.01%
	PINC	B	0.01%
	TGNA	B	0.01%
	TEX	D	0.01%
	NMRK	B	0.01%
	HRMY	D	0.01%
	BCC	B	0.01%
	WAL	B	0.01%
	KFY	B	0.01%
	EXPI	C	0.01%
	BOKF	B	0.01%
	RNA	B	0.01%
	NHC	B	0.01%
	ASTH	F	0.01%
	LMAT	B	0.01%
	CGON	D	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%
	PBH	A	0.01%
	TTMI	B	0.01%
	DVAX	B	0.01%
	CSTL	C	0.01%
	CNXC	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%
	PRVA	B	0.01%
	GNRC	B	0.01%
	BC	D	0.01%
	SNV	B	0.01%
	BGS	F	0.01%
	NTRA	B	0.01%
	RYTM	C	0.01%
	VAC	B	0.01%
	AMN	F	0.01%
	RGEN	C	0.01%
	ASGN	D	0.01%
	NVST	C	0.01%
	SWTX	C	0.01%
	EWBC	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%
	THO	B	0.01%
	KROS	C	0.01%
	INSP	F	0.01%
	NARI	C	0.01%
	UFPT	C	0.01%
	LGIH	F	0.01%
	COHR	C	0.01%
	VERA	B	0.01%
	NXST	C	0.01%
	MRVI	F	0.01%
	AIT	A	0.01%
	TGTX	B	0.01%
	ARWR	C	0.01%
	TXG	F	0.01%
	SUPN	C	0.01%
	STC	C	0.01%
	ACLX	C	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%
	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%
	TYRA	F	0.0%
	ARCT	F	0.0%
	PHAT	F	0.0%
	FDMT	F	0.0%
	ZEUS	C	0.0%
	COGT	D	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%
	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%
	BBSI	B	0.0%
	SLAB	F	0.0%
	CTS	C	0.0%
	VCYT	B	0.0%

HKND Underweight 223 Positions Relative to QWLD

	Symbol	Grade	Weight
	META	B	-2.14%
	GOOG	C	-0.95%
	NVS	F	-0.81%
	BRK.A	B	-0.72%
	ACN	B	-0.65%
	XOM	B	-0.47%
	SO	D	-0.45%
	LMT	D	-0.43%
	MCD	C	-0.41%
	CAT	B	-0.39%
	CB	C	-0.38%
	ED	D	-0.36%
	DUK	D	-0.36%
	NOC	D	-0.33%
	GE	D	-0.31%
	CVX	A	-0.31%
	UL	D	-0.27%
	WCN	A	-0.26%
	HON	B	-0.25%
	HSBH	A	-0.25%
	ACGL	C	-0.25%
	CBOE	D	-0.24%
	MFG	A	-0.22%
	KHC	F	-0.21%
	WMB	B	-0.19%
	GD	C	-0.19%
	WEC	B	-0.19%
	BAH	C	-0.18%
	GM	B	-0.18%
	AON	B	-0.17%
	MPC	D	-0.17%
	CHKP	C	-0.17%
	NKE	F	-0.16%
	ZTS	D	-0.15%
	YUM	B	-0.15%
	TM	F	-0.14%
	TT	B	-0.14%
	CMG	B	-0.13%
	PSX	C	-0.13%
	TSN	B	-0.13%
	MUFG	A	-0.13%
	TD	D	-0.12%
	E	F	-0.12%
	DEO	F	-0.11%
	BCS	B	-0.11%
	PCAR	B	-0.11%
	SMFG	A	-0.1%
	COP	C	-0.1%
	CNI	F	-0.1%
	LYG	D	-0.09%
	FANG	C	-0.09%
	RTX	D	-0.09%
	HRL	F	-0.09%
	F	C	-0.09%
	AMCR	D	-0.08%
	CPRT	A	-0.08%
	ROL	C	-0.08%
	SONY	C	-0.08%
	XEL	A	-0.08%
	ODFL	B	-0.08%
	STLA	F	-0.08%
	AEE	B	-0.08%
	PM	B	-0.07%
	AEP	D	-0.07%
	MNST	B	-0.07%
	HMC	F	-0.07%
	LULU	B	-0.07%
	WTW	A	-0.07%
	VLO	C	-0.07%
	EG	D	-0.06%
	D	D	-0.06%
	TDY	B	-0.06%
	LOGI	F	-0.06%
	MDT	D	-0.06%
	LIN	D	-0.06%
	DPZ	C	-0.06%
	DECK	B	-0.05%
	DINO	D	-0.05%
	MT	C	-0.05%
	NUE	D	-0.05%
	CMS	D	-0.05%
	LNG	B	-0.05%
	NEE	D	-0.05%
	TPL	B	-0.05%
	GRMN	A	-0.05%
	EOG	A	-0.05%
	SBUX	B	-0.04%
	KMI	B	-0.04%
	EXPD	C	-0.04%
	NEM	F	-0.04%
	MANH	C	-0.04%
	PKG	B	-0.04%
	MO	A	-0.04%
	TRGP	B	-0.04%
	BTI	C	-0.04%
	LHX	B	-0.03%
	LNT	C	-0.03%
	ETR	B	-0.03%
	DVN	F	-0.03%
	AVY	F	-0.03%
	BX	A	-0.03%
	FCX	F	-0.03%
	STLD	C	-0.03%
	APA	F	-0.03%
	LYB	F	-0.03%
	PNR	A	-0.03%
	JCI	A	-0.03%
	SW	B	-0.03%
	OKE	A	-0.03%
	JBHT	C	-0.03%
	ETN	B	-0.03%
	SLB	C	-0.03%
	OC	A	-0.03%
	EXC	C	-0.03%
	PCG	A	-0.03%
	WSM	F	-0.03%
	DRI	B	-0.03%
	SRE	B	-0.03%
	OXY	F	-0.03%
	PARA	B	-0.02%
	NRG	C	-0.02%
	HAL	C	-0.02%
	NMR	B	-0.02%
	CNH	D	-0.02%
	WY	F	-0.02%
	MKTX	C	-0.02%
	NXPI	F	-0.02%
	OVV	C	-0.02%
	DTE	D	-0.02%
	CEG	D	-0.02%
	AER	B	-0.02%
	CTRA	B	-0.02%
	VICI	D	-0.02%
	PEG	C	-0.02%
	MRO	B	-0.02%
	IP	B	-0.02%
	BKR	B	-0.02%
	ALLE	D	-0.02%
	KKR	B	-0.02%
	GEV	B	-0.02%
	EIX	C	-0.02%
	MGM	D	-0.01%
	RCL	A	-0.01%
	FBIN	F	-0.01%
	GLPI	D	-0.01%
	RPM	A	-0.01%
	HII	F	-0.01%
	NWSA	B	-0.01%
	STE	D	-0.01%
	CCL	B	-0.01%
	TWLO	B	-0.01%
	MBAVU	C	-0.01%
	DAL	A	-0.01%
	STX	D	-0.01%
	AES	F	-0.01%
	CCEP	C	-0.01%
	ZM	B	-0.01%
	HWM	B	-0.01%
	STZ	D	-0.01%
	CHRD	D	-0.01%
	CCK	D	-0.01%
	BALL	D	-0.01%
	CPAY	A	-0.01%
	DLTR	F	-0.01%
	SE	B	-0.01%
	WFG	C	-0.01%
	TDG	D	-0.01%
	NI	A	-0.01%
	KNX	C	-0.01%
	TXT	D	-0.01%
	VMC	B	-0.01%
	VST	B	-0.01%
	MLM	B	-0.01%
	CNP	B	-0.01%
	APTV	F	-0.01%
	LDOS	C	-0.01%
	EVRG	A	-0.01%
	TAP	B	-0.01%
	ATO	B	-0.01%
	CHRW	A	-0.01%
	UBER	F	-0.01%
	HES	B	-0.01%
	FOXA	A	-0.01%
	DG	F	-0.01%
	WAB	B	-0.01%
	FE	D	-0.01%
	BA	F	-0.01%
	PPL	A	-0.01%
	ES	D	-0.01%
	EQT	B	-0.01%
	MELI	D	-0.01%
	KMX	B	-0.01%
	GLBE	B	-0.0%
	IOT	B	-0.0%
	NET	B	-0.0%
	RBLX	B	-0.0%
	DKNG	B	-0.0%
	DDOG	B	-0.0%
	SNAP	C	-0.0%
	HEI	A	-0.0%
	FUTU	C	-0.0%
	DT	C	-0.0%
	DOCU	B	-0.0%
	SNOW	C	-0.0%
	GRAB	B	-0.0%
	PINS	F	-0.0%
	MSTR	B	-0.0%
	WYNN	C	-0.0%
	CRWD	B	-0.0%
	OKTA	C	-0.0%
	LII	B	-0.0%
	Z	B	-0.0%
	HOOD	B	-0.0%
	HEI	A	-0.0%
	RIVN	F	-0.0%
	AXON	B	-0.0%
	LUV	B	-0.0%
	PLTR	B	-0.0%
	QGEN	D	-0.0%
	LW	B	-0.0%
	LVS	C	-0.0%
	OTEX	F	-0.0%
	DASH	A	-0.0%

HKND: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Diversified Industrials Software - Application Diagnostics & Research Business Services Medical Devices Asset Management 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

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Capital Markets Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Biotechnology Insurance - Property & Casualty Packaged Foods Banks - Global

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Bank Chemical Telecommunications Aerospace Banking Real Estate Investment Trust Medicine Insurance Products Semiconductor Cloud Computing Mining Mobile Devices