HKND vs. RWL ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to RevenueShares Large Cap ETF (RWL)

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

$32.51

Average Daily Volume

1,932

Number of Holdings ^*

959

* may have additional holdings in another (foreign) market

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$100.85

Average Daily Volume

130,950

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	HKND	RWL
30 Days	-2.26%	0.78%
60 Days	-1.66%	4.40%
90 Days	0.93%	6.43%
12 Months	18.06%	27.90%

336 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in RWL	Overlap
A	D	0.15%	0.04%	0.04%
AAPL	C	2.14%	2.12%	2.12%
ABBV	F	1.98%	0.31%	0.31%
ABNB	C	0.01%	0.07%	0.01%
ABT	C	1.12%	0.22%	0.22%
ADBE	F	0.04%	0.11%	0.04%
ADI	D	0.04%	0.05%	0.04%
ADM	D	1.36%	0.43%	0.43%
ADP	B	0.07%	0.12%	0.07%
ADSK	B	0.01%	0.04%	0.01%
AFL	C	0.08%	0.11%	0.08%
AIG	B	0.23%	0.24%	0.23%
AIZ	A	0.11%	0.07%	0.07%
AJG	A	0.04%	0.06%	0.04%
AKAM	F	0.01%	0.02%	0.01%
ALB	C	0.01%	0.05%	0.01%
ALGN	D	0.01%	0.02%	0.01%
ALL	A	0.21%	0.33%	0.21%
AMAT	F	0.14%	0.15%	0.14%
AMD	F	0.06%	0.12%	0.06%
AME	A	0.01%	0.04%	0.01%
AMGN	D	1.04%	0.16%	0.16%
AMP	A	0.08%	0.12%	0.08%
AMT	D	0.03%	0.05%	0.03%
AMZN	B	0.64%	3.69%	0.64%
ANET	C	0.02%	0.04%	0.02%
ANSS	B	0.01%	0.01%	0.01%
AOS	F	0.01%	0.02%	0.01%
APD	A	0.02%	0.07%	0.02%
APH	B	0.05%	0.08%	0.05%
ARE	D	0.01%	0.01%	0.01%
AVB	A	0.06%	0.02%	0.02%
AVGO	C	0.12%	0.28%	0.12%
AWK	D	0.35%	0.02%	0.02%
AXP	A	0.22%	0.45%	0.22%
AZO	C	0.04%	0.1%	0.04%
BAC	A	0.54%	1.22%	0.54%
BAX	F	0.8%	0.07%	0.07%
BBY	C	0.26%	0.21%	0.21%
BDX	F	1.13%	0.11%	0.11%
BEN	C	0.04%	0.05%	0.04%
BG	D	0.79%	0.27%	0.27%
BIIB	F	0.26%	0.05%	0.05%
BK	A	0.12%	0.24%	0.12%
BKNG	A	0.08%	0.16%	0.08%
BLDR	D	0.02%	0.09%	0.02%
BMY	B	1.0%	0.29%	0.29%
BR	A	0.02%	0.04%	0.02%
BRO	B	0.02%	0.03%	0.02%
BSX	B	0.75%	0.09%	0.09%
BXP	D	0.02%	0.02%	0.02%
C	A	0.41%	1.11%	0.41%
CAG	F	0.33%	0.06%	0.06%
CAH	B	0.31%	1.28%	0.31%
CARR	D	0.0%	0.13%	0.0%
CBRE	B	0.12%	0.2%	0.12%
CCI	D	0.02%	0.03%	0.02%
CDNS	B	0.01%	0.03%	0.01%
CDW	F	0.07%	0.11%	0.07%
CE	F	0.01%	0.04%	0.01%
CF	A	0.99%	0.03%	0.03%
CFG	A	0.04%	0.08%	0.04%
CHD	A	0.35%	0.03%	0.03%
CHTR	B	0.2%	0.36%	0.2%
CI	D	0.98%	1.03%	0.98%
CINF	A	0.04%	0.06%	0.04%
CL	D	1.22%	0.09%	0.09%
CLX	A	0.24%	0.04%	0.04%
CMCSA	B	0.7%	0.76%	0.7%
CME	A	0.03%	0.03%	0.03%
CMI	A	0.06%	0.22%	0.06%
CNC	F	0.29%	0.72%	0.29%
COF	A	0.19%	0.39%	0.19%
COR	B	0.33%	1.6%	0.33%
COST	B	0.1%	1.37%	0.1%
CPB	D	0.07%	0.05%	0.05%
CPT	D	0.03%	0.01%	0.01%
CRL	D	0.09%	0.02%	0.02%
CRM	A	0.09%	0.24%	0.09%
CSCO	B	0.18%	0.34%	0.18%
CSGP	F	0.01%	0.01%	0.01%
CSX	B	0.01%	0.09%	0.01%
CTAS	B	0.04%	0.05%	0.04%
CTLT	C	0.14%	0.02%	0.02%
CTSH	B	0.08%	0.11%	0.08%
CTVA	D	1.54%	0.1%	0.1%
CVS	F	0.44%	2.13%	0.44%
DAY	B	0.01%	0.01%	0.01%
DD	D	0.32%	0.07%	0.07%
DE	D	1.98%	0.32%	0.32%
DELL	C	1.1%	0.61%	0.61%
DFS	A	0.07%	0.17%	0.07%
DGX	A	0.61%	0.05%	0.05%
DHI	D	0.15%	0.18%	0.15%
DHR	D	0.53%	0.12%	0.12%
DIS	A	0.21%	0.54%	0.21%
DLR	A	0.02%	0.03%	0.02%
DOC	D	0.01%	0.01%	0.01%
DOV	A	0.01%	0.05%	0.01%
DOW	F	0.18%	0.23%	0.18%
DVA	C	0.12%	0.06%	0.06%
DXCM	C	0.13%	0.02%	0.02%
EA	A	0.02%	0.04%	0.02%
EBAY	C	0.05%	0.05%	0.05%
ECL	D	0.89%	0.08%	0.08%
EFX	F	0.01%	0.03%	0.01%
EL	F	0.03%	0.06%	0.03%
ELV	F	0.33%	0.74%	0.33%
EMN	C	0.01%	0.05%	0.01%
EMR	A	0.04%	0.12%	0.04%
ENPH	F	0.1%	0.01%	0.01%
EPAM	B	0.01%	0.03%	0.01%
EQIX	B	0.02%	0.05%	0.02%
EQR	C	0.07%	0.01%	0.01%
ERIE	F	0.01%	0.02%	0.01%
ESS	A	0.04%	0.01%	0.01%
EW	C	0.28%	0.03%	0.03%
EXPE	A	0.04%	0.09%	0.04%
EXR	C	0.0%	0.02%	0.0%
FAST	B	0.03%	0.05%	0.03%
FDS	A	0.01%	0.01%	0.01%
FDX	A	0.01%	0.47%	0.01%
FFIV	B	0.01%	0.02%	0.01%
FI	A	0.06%	0.13%	0.06%
FICO	A	0.01%	0.01%	0.01%
FIS	B	0.04%	0.06%	0.04%
FITB	A	0.04%	0.08%	0.04%
FMC	F	0.75%	0.02%	0.02%
FOX	A	0.06%	0.04%	0.04%
FRT	B	0.0%	0.01%	0.0%
FSLR	F	0.15%	0.02%	0.02%
FTNT	A	0.01%	0.03%	0.01%
FTV	D	0.01%	0.03%	0.01%
GDDY	A	0.01%	0.03%	0.01%
GEHC	D	0.95%	0.11%	0.11%
GEN	B	0.01%	0.02%	0.01%
GILD	B	0.83%	0.17%	0.17%
GIS	D	0.27%	0.1%	0.1%
GL	B	0.02%	0.03%	0.02%
GLW	B	0.11%	0.08%	0.08%
GNRC	B	0.01%	0.03%	0.01%
GOOGL	B	4.05%	1.01%	1.01%
GPC	D	0.04%	0.11%	0.04%
GPN	B	0.03%	0.06%	0.03%
GS	A	0.35%	0.83%	0.35%
GWW	A	0.06%	0.11%	0.06%
HAS	D	0.01%	0.02%	0.01%
HBAN	A	0.03%	0.08%	0.03%
HCA	D	0.9%	0.33%	0.33%
HD	A	0.39%	0.86%	0.39%
HIG	C	0.1%	0.14%	0.1%
HLT	A	0.02%	0.07%	0.02%
HOLX	D	0.26%	0.02%	0.02%
HPE	B	0.21%	0.2%	0.2%
HPQ	B	0.79%	0.32%	0.32%
HSIC	D	0.13%	0.07%	0.07%
HST	D	0.02%	0.03%	0.02%
HSY	F	0.06%	0.05%	0.05%
HUBB	B	0.01%	0.04%	0.01%
HUM	F	0.21%	0.55%	0.21%
IBM	D	0.25%	0.34%	0.25%
ICE	C	0.03%	0.06%	0.03%
IDXX	F	0.02%	0.02%	0.02%
IEX	B	0.01%	0.02%	0.01%
IFF	D	0.06%	0.05%	0.05%
INCY	B	0.11%	0.03%	0.03%
INTC	C	1.67%	0.39%	0.39%
INTU	A	0.03%	0.09%	0.03%
INVH	D	0.04%	0.01%	0.01%
IPG	F	0.03%	0.06%	0.03%
IQV	F	0.45%	0.08%	0.08%
IR	A	0.01%	0.04%	0.01%
IRM	D	0.01%	0.03%	0.01%
ISRG	A	0.34%	0.04%	0.04%
IT	B	0.03%	0.04%	0.03%
ITW	B	0.03%	0.1%	0.03%
IVZ	B	0.03%	0.04%	0.03%
J	D	0.28%	0.1%	0.1%
JBL	C	0.14%	0.22%	0.14%
JKHY	D	0.01%	0.01%	0.01%
JNJ	D	2.05%	0.45%	0.45%
JNPR	D	0.01%	0.03%	0.01%
JPM	A	0.71%	1.78%	0.71%
K	B	0.26%	0.07%	0.07%
KDP	D	0.03%	0.07%	0.03%
KEY	A	0.04%	0.07%	0.04%
KEYS	C	0.01%	0.03%	0.01%
KIM	A	0.01%	0.01%	0.01%
KLAC	F	0.04%	0.05%	0.04%
KMB	C	0.09%	0.1%	0.09%
KO	D	0.01%	0.23%	0.01%
KR	B	0.23%	0.88%	0.23%
KVUE	A	0.42%	0.08%	0.08%
L	A	0.05%	0.1%	0.05%
LEN	D	0.14%	0.18%	0.14%
LH	B	0.9%	0.07%	0.07%
LKQ	D	0.03%	0.07%	0.03%
LLY	F	1.78%	0.18%	0.18%
LOW	A	0.25%	0.47%	0.25%
LRCX	F	0.09%	0.08%	0.08%
LYV	A	0.03%	0.17%	0.03%
MA	A	0.12%	0.15%	0.12%
MAA	A	0.05%	0.01%	0.01%
MAR	A	0.06%	0.16%	0.06%
MAS	D	0.02%	0.04%	0.02%
MCHP	F	0.02%	0.03%	0.02%
MCK	A	0.45%	1.83%	0.45%
MCO	C	0.02%	0.03%	0.02%
MDLZ	F	0.3%	0.17%	0.17%
MET	A	0.2%	0.41%	0.2%
MKC	D	0.05%	0.03%	0.03%
MMC	C	0.12%	0.13%	0.12%
MMM	D	0.06%	0.14%	0.06%
MOH	F	0.07%	0.19%	0.07%
MOS	D	1.74%	0.07%	0.07%
MPWR	F	0.0%	0.01%	0.0%
MRK	F	1.57%	0.3%	0.3%
MRNA	F	0.2%	0.02%	0.02%
MS	A	0.4%	0.76%	0.4%
MSCI	A	0.01%	0.02%	0.01%
MSFT	D	2.29%	1.32%	1.32%
MSI	A	0.03%	0.06%	0.03%
MTB	A	0.04%	0.09%	0.04%
MTCH	F	0.01%	0.02%	0.01%
MTD	F	0.08%	0.02%	0.02%
MU	D	0.13%	0.14%	0.13%
NDAQ	A	0.02%	0.04%	0.02%
NDSN	B	0.0%	0.02%	0.0%
NFLX	A	0.09%	0.22%	0.09%
NOW	B	0.02%	0.06%	0.02%
NSC	B	0.0%	0.07%	0.0%
NTAP	D	0.03%	0.04%	0.03%
NTRS	A	0.04%	0.1%	0.04%
NVDA	B	0.1%	0.65%	0.1%
NVR	D	0.05%	0.05%	0.05%
NWS	A	0.03%	0.03%	0.03%
O	D	0.01%	0.02%	0.01%
OMC	C	0.05%	0.09%	0.05%
ON	F	0.03%	0.04%	0.03%
ORCL	A	0.2%	0.33%	0.2%
ORLY	A	0.04%	0.1%	0.04%
OTIS	D	0.02%	0.08%	0.02%
PANW	B	0.02%	0.05%	0.02%
PAYC	B	0.01%	0.01%	0.01%
PAYX	B	0.02%	0.03%	0.02%
PEP	F	0.38%	0.47%	0.38%
PFE	F	1.53%	0.29%	0.29%
PFG	C	0.06%	0.09%	0.06%
PG	C	3.85%	0.43%	0.43%
PGR	B	0.21%	0.38%	0.21%
PH	A	0.04%	0.13%	0.04%
PHM	D	0.07%	0.09%	0.07%
PLD	D	0.02%	0.04%	0.02%
PNC	A	0.1%	0.21%	0.1%
PODD	A	0.08%	0.01%	0.01%
POOL	D	0.01%	0.03%	0.01%
PPG	F	0.03%	0.1%	0.03%
PRU	A	0.17%	0.36%	0.17%
PSA	C	0.01%	0.02%	0.01%
PTC	B	0.0%	0.01%	0.0%
PWR	A	0.02%	0.14%	0.02%
PYPL	A	0.09%	0.2%	0.09%
QCOM	F	0.15%	0.21%	0.15%
QRVO	F	0.01%	0.01%	0.01%
REG	A	0.01%	0.01%	0.01%
REGN	F	0.43%	0.05%	0.05%
RF	A	0.03%	0.06%	0.03%
RJF	A	0.06%	0.11%	0.06%
RMD	C	0.2%	0.03%	0.03%
ROK	A	0.02%	0.05%	0.02%
ROP	C	0.01%	0.04%	0.01%
ROST	D	0.02%	0.1%	0.02%
RSG	B	0.04%	0.09%	0.04%
RVTY	D	0.12%	0.02%	0.02%
SBAC	D	0.01%	0.01%	0.01%
SCHW	A	0.08%	0.17%	0.08%
SHW	B	0.05%	0.13%	0.05%
SJM	F	0.48%	0.04%	0.04%
SMCI	F	0.01%	0.04%	0.01%
SNA	A	0.01%	0.04%	0.01%
SNPS	C	0.02%	0.04%	0.02%
SOLV	C	0.18%	0.05%	0.05%
SPG	A	0.03%	0.03%	0.03%
SPGI	C	0.03%	0.07%	0.03%
STT	B	0.09%	0.12%	0.09%
SWK	F	0.04%	0.08%	0.04%
SWKS	F	0.02%	0.02%	0.02%
SYF	A	0.08%	0.16%	0.08%
SYK	A	1.16%	0.12%	0.12%
SYY	D	0.07%	0.44%	0.07%
T	A	0.89%	0.69%	0.69%
TECH	D	0.07%	0.01%	0.01%
TER	F	0.01%	0.01%	0.01%
TFC	A	0.1%	0.16%	0.1%
TFX	F	0.15%	0.01%	0.01%
TGT	D	0.13%	0.57%	0.13%
TJX	A	0.06%	0.3%	0.06%
TMO	D	0.79%	0.21%	0.21%
TMUS	A	0.42%	0.5%	0.42%
TRMB	A	0.01%	0.03%	0.01%
TROW	A	0.04%	0.04%	0.04%
TRV	A	0.17%	0.26%	0.17%
TSCO	D	0.02%	0.08%	0.02%
TSLA	B	0.17%	0.66%	0.17%
TTWO	A	0.01%	0.03%	0.01%
TXN	C	0.1%	0.1%	0.1%
TYL	B	0.01%	0.01%	0.01%
UDR	C	0.03%	0.01%	0.01%
UHS	D	0.19%	0.07%	0.07%
ULTA	D	0.02%	0.06%	0.02%
UNH	B	0.92%	2.12%	0.92%
UNP	D	0.02%	0.13%	0.02%
UPS	C	0.03%	0.52%	0.03%
URI	B	0.01%	0.1%	0.01%
USB	B	0.13%	0.26%	0.13%
V	A	0.17%	0.21%	0.17%
VLTO	D	0.32%	0.03%	0.03%
VRSK	B	0.01%	0.02%	0.01%
VRSN	D	0.01%	0.01%	0.01%
VRTX	C	0.63%	0.06%	0.06%
VTR	C	0.06%	0.03%	0.03%
VTRS	A	0.23%	0.08%	0.08%
VZ	C	0.87%	0.68%	0.68%
WAT	B	0.07%	0.02%	0.02%
WBA	F	0.23%	0.8%	0.23%
WBD	B	0.07%	0.22%	0.07%
WDC	F	0.1%	0.08%	0.08%
WELL	A	0.03%	0.04%	0.03%
WFC	A	0.47%	0.93%	0.47%
WM	B	0.06%	0.12%	0.06%
WMT	A	1.14%	3.79%	1.14%
WRB	A	0.04%	0.07%	0.04%
WST	C	0.07%	0.02%	0.02%
XYL	D	0.01%	0.04%	0.01%
ZBH	C	0.45%	0.04%	0.04%
ZBRA	B	0.03%	0.03%	0.03%

HKND Overweight 623 Positions Relative to RWL

Symbol	Grade	Weight
AGCO	D	0.64%
FDP	A	0.57%
INGR	B	0.55%
THC	C	0.32%
SPB	C	0.28%
FELE	B	0.26%
ZWS	B	0.18%
ENOV	C	0.15%
LUMN	B	0.13%
AVTR	F	0.13%
RUN	F	0.12%
IART	C	0.11%
ICUI	D	0.11%
SEM	B	0.11%
ILMN	C	0.11%
BIO	C	0.1%
MASI	A	0.1%
RPRX	F	0.1%
TITN	C	0.1%
WTRG	C	0.09%
LXU	C	0.09%
ACM	B	0.09%
FTRE	D	0.09%
MAN	F	0.09%
UTHR	B	0.09%
OGN	F	0.09%
FLO	D	0.09%
AHCO	D	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%
KD	A	0.07%
BMRN	F	0.07%
UAN	B	0.07%
CWT	C	0.07%
MMSI	A	0.07%
FNF	C	0.07%
DXC	C	0.07%
EXEL	B	0.06%
SRPT	F	0.06%
SQ	A	0.06%
AYI	A	0.06%
SNX	D	0.06%
RGA	A	0.06%
GMED	A	0.06%
HAE	A	0.06%
CRBG	B	0.06%
CNMD	C	0.06%
ACI	C	0.06%
NBIX	D	0.06%
SMG	D	0.06%
ROKU	D	0.05%
OPK	B	0.05%
LNC	A	0.05%
LBRDA	B	0.05%
JLL	C	0.05%
SJW	F	0.05%
SUI	D	0.05%
TOL	B	0.05%
MKL	A	0.05%
WLK	F	0.05%
PEN	B	0.05%
EQH	B	0.05%
BRKR	F	0.05%
UNFI	A	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	B	0.04%
NOVT	D	0.04%
TMHC	B	0.04%
TDS	B	0.04%
UNM	A	0.04%
CR	A	0.04%
ITCI	B	0.04%
TTC	D	0.04%
WMG	B	0.04%
AVNS	F	0.04%
MD	B	0.04%
JEF	A	0.04%
VKTX	F	0.04%
AWR	B	0.04%
KLG	F	0.04%
FYBR	C	0.04%
ALLY	C	0.04%
EXAS	F	0.04%
FAF	C	0.04%
LPLA	A	0.04%
PCVX	D	0.04%
WHR	A	0.04%
THG	A	0.03%
NSP	F	0.03%
ARW	D	0.03%
NUVL	D	0.03%
GNW	A	0.03%
WTS	A	0.03%
MDGL	C	0.03%
OPCH	F	0.03%
MTH	D	0.03%
JXN	B	0.03%
NEO	C	0.03%
CSL	B	0.03%
CHWY	B	0.03%
REZI	A	0.03%
TNDM	F	0.03%
KBH	D	0.03%
SF	A	0.03%
VOYA	A	0.03%
RKT	F	0.03%
MIDD	D	0.03%
SMMT	D	0.03%
HALO	D	0.03%
ENSG	D	0.03%
AMRX	C	0.03%
AMH	C	0.03%
CYTK	D	0.03%
FLGT	F	0.03%
RS	B	0.03%
ELS	A	0.03%
IONS	F	0.03%
ENR	A	0.03%
OFIX	B	0.03%
GME	C	0.03%
DAR	B	0.03%
VYX	C	0.03%
AFG	A	0.03%
CG	B	0.03%
IRDM	C	0.03%
SANM	B	0.03%
CNXN	D	0.03%
APO	A	0.03%
SGRY	F	0.03%
RHI	B	0.03%
LNN	B	0.03%
BPMC	D	0.03%
SNEX	A	0.03%
BBWI	C	0.02%
SCI	B	0.02%
VRT	A	0.02%
XRAY	F	0.02%
MSEX	B	0.02%
FHN	A	0.02%
GH	B	0.02%
NATL	B	0.02%
ARES	B	0.02%
SEE	B	0.02%
EVR	A	0.02%
VIR	C	0.02%
ZION	A	0.02%
AAP	D	0.02%
UTZ	D	0.02%
GKOS	B	0.02%
AMPH	F	0.02%
JANX	C	0.02%
AVT	C	0.02%
AXSM	B	0.02%
ATR	B	0.02%
TTEK	D	0.02%
WCC	A	0.02%
PCRX	C	0.02%
R	A	0.02%
SRRK	C	0.02%
FOLD	F	0.02%
ADTN	A	0.02%
CENTA	C	0.02%
ALIT	C	0.02%
ACAD	C	0.02%
SMPL	B	0.02%
INSM	D	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	B	0.02%
APLS	F	0.02%
BHF	A	0.02%
RARE	F	0.02%
IOVA	D	0.02%
CMA	A	0.02%
MCY	A	0.02%
DKS	D	0.02%
KRYS	D	0.02%
ATEC	C	0.02%
ADV	F	0.02%
PFSI	D	0.02%
MHO	D	0.02%
TPH	D	0.02%
DOX	D	0.02%
IBKR	A	0.02%
TNET	F	0.02%
ENTG	F	0.02%
HAIN	F	0.02%
CRNX	C	0.02%
GAP	C	0.02%
PTCT	B	0.02%
AORT	B	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%
XRX	F	0.02%
JJSF	C	0.02%
ZG	A	0.02%
SSNC	D	0.02%
EME	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%
WSO	A	0.02%
TWI	F	0.02%
ATRC	C	0.02%
MMS	D	0.02%
BBIO	F	0.02%
OPEN	F	0.02%
CORT	B	0.02%
ABM	B	0.02%
AMED	F	0.02%
USM	B	0.02%
PCTY	B	0.01%
YORW	D	0.01%
SONO	C	0.01%
USPH	C	0.01%
VCTR	B	0.01%
SFNC	B	0.01%
ACHC	F	0.01%
UBSI	A	0.01%
EOLS	F	0.01%
TRIP	D	0.01%
URBN	C	0.01%
ABCB	A	0.01%
ONB	B	0.01%
NYT	D	0.01%
SIBN	D	0.01%
CGEM	F	0.01%
AEO	F	0.01%
PLAY	C	0.01%
MIRM	A	0.01%
VZIO	A	0.01%
OCUL	C	0.01%
BKU	A	0.01%
LFST	C	0.01%
DLB	D	0.01%
VSAT	F	0.01%
BCRX	D	0.01%
GMS	A	0.01%
PJT	A	0.01%
FIVE	F	0.01%
MAT	C	0.01%
KE	C	0.01%
DYN	F	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	A	0.01%
ELVN	C	0.01%
CVCO	B	0.01%
PLUS	F	0.01%
MC	A	0.01%
KIDS	F	0.01%
MTN	C	0.01%
APAM	A	0.01%
WGO	C	0.01%
PII	F	0.01%
IRTC	C	0.01%
DORM	B	0.01%
SSB	A	0.01%
PB	A	0.01%
DIOD	F	0.01%
SYNA	C	0.01%
SANA	F	0.01%
SATS	D	0.01%
KURA	F	0.01%
ACT	C	0.01%
GRBK	D	0.01%
DBX	C	0.01%
PRLB	B	0.01%
LBPH	A	0.01%
VRDN	C	0.01%
WPC	D	0.01%
KFRC	D	0.01%
SFM	A	0.01%
CADE	A	0.01%
LFUS	D	0.01%
TOST	A	0.01%
APG	C	0.01%
HWC	A	0.01%
RLI	A	0.01%
OZK	A	0.01%
SSYS	B	0.01%
UCTT	F	0.01%
HGV	B	0.01%
ACIW	B	0.01%
FNA	B	0.01%
VEEV	C	0.01%
DAWN	D	0.01%
WD	D	0.01%
BXC	B	0.01%
TCBI	A	0.01%
AVO	B	0.01%
FNB	A	0.01%
VNT	B	0.01%
FIX	A	0.01%
UI	A	0.01%
ASB	A	0.01%
FG	A	0.01%
HURN	B	0.01%
LCII	D	0.01%
SKY	A	0.01%
NTLA	F	0.01%
CBSH	A	0.01%
HMN	A	0.01%
UMBF	A	0.01%
PSTG	F	0.01%
KNF	B	0.01%
CNM	F	0.01%
PRG	A	0.01%
MTG	C	0.01%
TDC	F	0.01%
RDN	C	0.01%
PIPR	A	0.01%
BRC	C	0.01%
IMVT	D	0.01%
CRVL	B	0.01%
HTH	B	0.01%
IPGP	D	0.01%
PTGX	D	0.01%
MDXG	A	0.01%
ASIX	B	0.01%
CXT	D	0.01%
KWR	C	0.01%
BEAM	D	0.01%
IOSP	C	0.01%
IRT	A	0.01%
PNFP	A	0.01%
TRUP	A	0.01%
AKRO	C	0.01%
MSM	C	0.01%
UPBD	B	0.01%
RYAN	A	0.01%
ENS	D	0.01%
UNF	A	0.01%
AXNX	A	0.01%
CABO	B	0.01%
SBH	A	0.01%
WBS	A	0.01%
RCM	A	0.01%
CFR	A	0.01%
ADMA	C	0.01%
FND	F	0.01%
GSAT	B	0.01%
RCKT	F	0.01%
MYGN	F	0.01%
IAC	D	0.01%
LANC	D	0.01%
EXLS	B	0.01%
ANIP	D	0.01%
MNKD	B	0.01%
SNDX	D	0.01%
UWMC	F	0.01%
AGIO	B	0.01%
SXT	C	0.01%
VLY	A	0.01%
CC	C	0.01%
TNC	F	0.01%
MORN	B	0.01%
JBSS	F	0.01%
COIN	A	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	A	0.01%
AGL	F	0.01%
AIV	C	0.01%
BECN	B	0.01%
RXRX	F	0.01%
NGVT	B	0.01%
INVA	C	0.01%
FHI	A	0.01%
TVTX	B	0.01%
HLI	A	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%
UHAL	D	0.01%
WTFC	A	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%
BURL	C	0.01%
BCC	B	0.01%
WAL	A	0.01%
KFY	B	0.01%
EXPI	C	0.01%
BOKF	A	0.01%
RNA	C	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	F	0.01%
UFPI	C	0.01%
NSIT	F	0.01%
BGC	B	0.01%
IDYA	F	0.01%
PBH	A	0.01%
TTMI	B	0.01%
H	B	0.01%
DVAX	C	0.01%
CSTL	C	0.01%
FCNCA	A	0.01%
CNXC	F	0.01%
IRWD	D	0.01%
ARVN	D	0.01%
TNL	A	0.01%
TARS	B	0.01%
XNCR	B	0.01%
BZH	B	0.01%
ASH	F	0.01%
LGND	B	0.01%
VCEL	A	0.01%
SPTN	F	0.01%
LGF.A	F	0.01%
VSH	F	0.01%
RRX	B	0.01%
HOV	F	0.01%
TWST	F	0.01%
SEIC	A	0.01%
KYMR	C	0.01%
CLH	C	0.01%
VNO	B	0.01%
PDCO	F	0.01%
CNO	A	0.01%
ESI	B	0.01%
HHH	B	0.01%
PRVA	B	0.01%
BC	D	0.01%
SNV	A	0.01%
BGS	F	0.01%
NTRA	B	0.01%
RYTM	C	0.01%
TRU	D	0.01%
VAC	B	0.01%
AMN	F	0.01%
RGEN	D	0.01%
ASGN	D	0.01%
NVST	C	0.01%
SWTX	C	0.01%
EWBC	A	0.01%
CNDT	B	0.01%
AMG	A	0.01%
BHE	B	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	B	0.01%
VERA	B	0.01%
NXST	D	0.01%
MRVI	F	0.01%
AIT	A	0.01%
WDAY	B	0.01%
TGTX	B	0.01%
ARWR	D	0.01%
TXG	F	0.01%
SUPN	B	0.01%
STC	A	0.01%
ACLX	C	0.01%
EDR	A	0.01%
BCO	F	0.01%
AMRK	F	0.01%
DNLI	C	0.01%
SIGI	A	0.01%
FCN	F	0.01%
SCLX	F	0.0%
VIRT	A	0.0%
OABI	D	0.0%
ABUS	D	0.0%
ANAB	F	0.0%
BLFS	C	0.0%
CELC	F	0.0%
PRME	F	0.0%
STOK	D	0.0%
QTRX	D	0.0%
ABSI	F	0.0%
ORIC	D	0.0%
SVRA	F	0.0%
ALT	C	0.0%
NUVB	C	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	F	0.0%
PLAB	D	0.0%
DFIN	D	0.0%
LQDA	F	0.0%
OSCR	F	0.0%
WAFD	A	0.0%
WSFS	A	0.0%
MSGS	B	0.0%
UCB	A	0.0%
RLAY	F	0.0%
GIC	F	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	D	0.0%
COLB	A	0.0%
REYN	D	0.0%
YMAB	D	0.0%
SAVA	C	0.0%
PGNY	F	0.0%
MMI	A	0.0%
HZO	F	0.0%
CRAI	B	0.0%
GOLF	A	0.0%
SAFT	A	0.0%
GGG	A	0.0%
APLT	C	0.0%
STEP	A	0.0%
AEIS	B	0.0%
NVEE	F	0.0%
CNS	B	0.0%
IMNM	F	0.0%
CNA	C	0.0%
ONTO	F	0.0%
COTY	F	0.0%
MLI	B	0.0%
FHB	A	0.0%
ARQT	D	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	F	0.0%
ETNB	D	0.0%
ITRI	B	0.0%
ANF	C	0.0%
CATY	A	0.0%
SAGE	F	0.0%
IRON	C	0.0%
TTD	B	0.0%
HSII	B	0.0%
CBZ	B	0.0%
EYPT	D	0.0%
CHH	A	0.0%
MLYS	D	0.0%
TKO	C	0.0%
NRIX	C	0.0%
SPRY	C	0.0%
RCUS	F	0.0%
CRUS	F	0.0%
PLRX	D	0.0%
UVE	A	0.0%
SCHL	F	0.0%
UFCS	A	0.0%
GBCI	A	0.0%
TMCI	C	0.0%
ROG	D	0.0%
FULT	A	0.0%
DCI	B	0.0%
ITT	A	0.0%
PNTG	D	0.0%
BBSI	A	0.0%
SLAB	F	0.0%
CTS	B	0.0%
VCYT	B	0.0%

HKND Underweight 162 Positions Relative to RWL

Symbol	Grade	Weight
BRK.A	A	-2.13%
XOM	B	-2.05%
CVX	A	-1.22%
GM	A	-1.16%
F	C	-1.04%
GOOG	B	-1.02%
META	C	-0.9%
PSX	C	-0.84%
VLO	C	-0.8%
MPC	D	-0.77%
UAL	A	-0.53%
DAL	A	-0.46%
CAT	B	-0.44%
RTX	D	-0.41%
LMT	D	-0.38%
BA	F	-0.38%
ACN	C	-0.36%
COP	C	-0.34%
CB	C	-0.29%
TSN	A	-0.28%
NKE	D	-0.27%
GEV	A	-0.26%
GD	D	-0.25%
PCAR	B	-0.24%
NOC	D	-0.23%
UBER	C	-0.23%
HON	A	-0.22%
LYB	F	-0.21%
NUE	D	-0.21%
SLB	C	-0.21%
GE	D	-0.21%
SBUX	A	-0.2%
PM	A	-0.2%
DG	F	-0.2%
BKR	A	-0.19%
LIN	D	-0.18%
MDT	D	-0.18%
CCL	A	-0.18%
NRG	B	-0.18%
JCI	A	-0.17%
PARA	C	-0.17%
ETN	A	-0.16%
DUK	C	-0.16%
KKR	A	-0.16%
LUV	A	-0.16%
FCX	F	-0.15%
CEG	D	-0.15%
DLTR	F	-0.15%
OXY	F	-0.15%
KHC	F	-0.14%
STLD	B	-0.14%
KMX	B	-0.14%
HAL	C	-0.14%
PCG	A	-0.14%
MCD	D	-0.14%
SO	C	-0.14%
EOG	A	-0.14%
SW	A	-0.13%
LHX	B	-0.13%
OKE	A	-0.12%
NEE	C	-0.12%
EXC	C	-0.12%
VST	A	-0.12%
IP	A	-0.12%
LDOS	C	-0.11%
TT	A	-0.11%
TRGP	A	-0.11%
RCL	A	-0.11%
MO	A	-0.11%
MGM	D	-0.1%
AEP	C	-0.1%
CHRW	A	-0.1%
KMI	A	-0.1%
BWA	A	-0.09%
APTV	F	-0.09%
AON	A	-0.09%
DVN	F	-0.09%
EIX	C	-0.09%
ACGL	C	-0.08%
HES	B	-0.08%
D	C	-0.08%
ETR	A	-0.08%
TXT	D	-0.08%
ED	D	-0.08%
SRE	A	-0.08%
JBHT	B	-0.08%
XEL	A	-0.08%
LVS	C	-0.08%
EG	D	-0.08%
CZR	F	-0.07%
WAB	B	-0.07%
DRI	B	-0.07%
NEM	F	-0.07%
TAP	A	-0.07%
BX	A	-0.07%
FE	D	-0.07%
WMB	A	-0.07%
AMCR	C	-0.07%
NCLH	B	-0.07%
NXPI	F	-0.07%
ES	C	-0.06%
MHK	D	-0.06%
WTW	B	-0.06%
CMG	B	-0.06%
HRL	D	-0.06%
BALL	D	-0.06%
LULU	C	-0.06%
DTE	C	-0.06%
PPL	A	-0.05%
HWM	A	-0.05%
WEC	A	-0.05%
CNP	A	-0.05%
EXPD	D	-0.05%
PKG	B	-0.05%
HII	F	-0.05%
STZ	D	-0.05%
VMC	B	-0.05%
APA	F	-0.05%
AES	F	-0.05%
PEG	C	-0.05%
FANG	D	-0.05%
STX	D	-0.04%
GRMN	B	-0.04%
ODFL	B	-0.04%
YUM	D	-0.04%
CMS	C	-0.04%
MRO	A	-0.04%
WY	D	-0.04%
AEE	A	-0.04%
RL	B	-0.04%
WYNN	D	-0.04%
TDG	D	-0.04%
TPR	A	-0.04%
MLM	B	-0.04%
MNST	D	-0.04%
ZTS	D	-0.04%
AVY	D	-0.04%
FOXA	A	-0.04%
LW	C	-0.04%
PNR	A	-0.03%
CPRT	A	-0.03%
DECK	A	-0.03%
PNW	A	-0.03%
STE	D	-0.03%
DPZ	C	-0.03%
NI	A	-0.03%
EQT	A	-0.03%
NWSA	B	-0.03%
EVRG	A	-0.03%
CTRA	A	-0.03%
TDY	B	-0.03%
ROL	A	-0.02%
VICI	C	-0.02%
ALLE	D	-0.02%
CBOE	D	-0.02%
LNT	A	-0.02%
PLTR	A	-0.02%
ATO	A	-0.02%
CRWD	B	-0.02%
CPAY	A	-0.02%
AXON	A	-0.01%
MKTX	C	-0.0%