HKND vs. VCSH ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

$32.88

Average Daily Volume

3,826

Number of Holdings ^*

952

* may have additional holdings in another (foreign) market

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.26

Average Daily Volume

3,279,288

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	HKND	VCSH
30 Days	-0.87%	1.11%
60 Days	3.93%	1.64%
90 Days	5.89%	3.61%
12 Months	24.51%	10.41%

267 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in VCSH	Overlap
A	B	0.15%	0.02%	0.02%
AAPL	C	2.16%	0.03%	0.03%
ABBV	A	1.9%	0.02%	0.02%
ABT	B	1.06%	0.02%	0.02%
ADBE	F	0.05%	0.03%	0.03%
ADI	C	0.04%	0.02%	0.02%
ADM	D	1.55%	0.05%	0.05%
ADP	A	0.07%	0.05%	0.05%
ADSK	B	0.01%	0.01%	0.01%
AFG	C	0.03%	0.02%	0.02%
AFL	A	0.08%	0.02%	0.02%
AIG	F	0.22%	0.06%	0.06%
AIZ	A	0.12%	0.02%	0.02%
ALB	D	0.01%	0.02%	0.01%
ALL	B	0.21%	0.01%	0.01%
ALLY	F	0.04%	0.01%	0.01%
AMAT	B	0.16%	0.03%	0.03%
AMD	D	0.07%	0.01%	0.01%
AMG	B	0.01%	0.01%	0.01%
AMGN	D	1.04%	0.01%	0.01%
AMP	A	0.07%	0.01%	0.01%
AMT	C	0.04%	0.01%	0.01%
AMZN	C	0.6%	0.04%	0.04%
APD	C	0.02%	0.01%	0.01%
APH	D	0.04%	0.02%	0.02%
ARE	D	0.01%	0.01%	0.01%
ARW	C	0.03%	0.01%	0.01%
AVB	C	0.06%	0.01%	0.01%
AVGO	C	0.12%	0.01%	0.01%
AVT	C	0.02%	0.01%	0.01%
AWK	B	0.37%	0.01%	0.01%
AXP	A	0.21%	0.03%	0.03%
AZO	D	0.04%	0.01%	0.01%
BAC	D	0.5%	0.01%	0.01%
BAX	D	0.86%	0.03%	0.03%
BC	D	0.01%	0.02%	0.01%
BDX	B	1.14%	0.02%	0.02%
BEN	F	0.03%	0.02%	0.02%
BERY	C	0.06%	0.03%	0.03%
BG	F	0.9%	0.03%	0.03%
BIIB	F	0.29%	0.08%	0.08%
BK	C	0.11%	0.01%	0.01%
BKNG	C	0.07%	0.02%	0.02%
BKU	D	0.01%	0.02%	0.01%
BLK	A	0.11%	0.05%	0.05%
BMY	B	0.91%	0.02%	0.02%
BR	B	0.02%	0.02%	0.02%
BRO	A	0.02%	0.02%	0.02%
BRX	C	0.01%	0.02%	0.01%
BSX	A	0.72%	0.01%	0.01%
BXP	C	0.02%	0.03%	0.02%
C	B	0.4%	0.02%	0.02%
CACC	F	0.01%	0.01%	0.01%
CAG	D	0.36%	0.01%	0.01%
CAH	B	0.3%	0.02%	0.02%
CARR	A	0.01%	0.09%	0.01%
CCI	C	0.02%	0.02%	0.02%
CDNS	D	0.01%	0.02%	0.01%
CE	D	0.01%	0.02%	0.01%
CF	A	0.97%	0.02%	0.02%
CFG	D	0.03%	0.01%	0.01%
CHD	C	0.35%	0.01%	0.01%
CHTR	D	0.17%	0.07%	0.07%
CI	D	1.06%	0.01%	0.01%
CL	D	1.33%	0.01%	0.01%
CLX	B	0.24%	0.01%	0.01%
CMA	C	0.02%	0.01%	0.01%
CMCSA	B	0.68%	0.03%	0.03%
CME	A	0.02%	0.03%	0.02%
CMI	B	0.05%	0.02%	0.02%
CNA	D	0.0%	0.02%	0.0%
CNO	C	0.01%	0.03%	0.01%
COF	C	0.17%	0.01%	0.01%
COST	C	0.1%	0.06%	0.06%
CPB	D	0.08%	0.02%	0.02%
CPT	C	0.03%	0.02%	0.02%
CRM	B	0.08%	0.05%	0.05%
CSCO	A	0.17%	0.02%	0.02%
CSL	A	0.03%	0.01%	0.01%
CSX	D	0.01%	0.02%	0.01%
CTVA	A	1.44%	0.02%	0.02%
CVS	D	0.48%	0.02%	0.02%
DD	B	0.33%	0.08%	0.08%
DE	A	2.05%	0.01%	0.01%
DELL	C	0.98%	0.01%	0.01%
DFS	C	0.07%	0.01%	0.01%
DGX	B	0.6%	0.02%	0.02%
DHI	C	0.16%	0.01%	0.01%
DHR	C	0.58%	0.02%	0.02%
DIS	D	0.21%	0.03%	0.03%
DLR	C	0.02%	0.03%	0.02%
DOC	C	0.01%	0.02%	0.01%
DOV	C	0.01%	0.02%	0.01%
DOW	B	0.21%	0.01%	0.01%
DXC	D	0.07%	0.03%	0.03%
EA	D	0.02%	0.02%	0.02%
EBAY	A	0.06%	0.03%	0.03%
EFX	C	0.02%	0.02%	0.02%
EL	D	0.04%	0.03%	0.03%
EMN	C	0.01%	0.03%	0.01%
EMR	B	0.03%	0.01%	0.01%
EQH	C	0.05%	0.02%	0.02%
EQIX	B	0.02%	0.02%	0.02%
EQR	C	0.07%	0.02%	0.02%
ESS	C	0.04%	0.01%	0.01%
EXPE	B	0.04%	0.02%	0.02%
FAF	B	0.05%	0.01%	0.01%
FDX	D	0.01%	0.03%	0.01%
FHN	D	0.01%	0.01%	0.01%
FIS	C	0.03%	0.03%	0.03%
FITB	C	0.04%	0.03%	0.03%
FLS	A	0.01%	0.01%	0.01%
FMC	B	0.78%	0.01%	0.01%
FNB	D	0.01%	0.01%	0.01%
FRT	D	0.0%	0.02%	0.0%
FTNT	A	0.01%	0.02%	0.01%
FTV	B	0.01%	0.04%	0.01%
GILD	A	0.77%	0.04%	0.04%
GIS	C	0.3%	0.03%	0.03%
GOOGL	B	3.88%	0.04%	0.04%
GPN	F	0.03%	0.03%	0.03%
GS	C	0.33%	0.01%	0.01%
GWW	A	0.05%	0.02%	0.02%
GXO	D	0.05%	0.02%	0.02%
H	C	0.01%	0.01%	0.01%
HAS	A	0.01%	0.03%	0.01%
HBAN	D	0.03%	0.01%	0.01%
HCA	B	0.98%	0.06%	0.06%
HD	A	0.39%	0.01%	0.01%
HPE	B	0.21%	0.03%	0.03%
HPQ	C	0.76%	0.05%	0.05%
HRB	C	0.01%	0.02%	0.01%
HST	D	0.02%	0.02%	0.02%
HSY	D	0.06%	0.01%	0.01%
HUBB	A	0.01%	0.01%	0.01%
HUM	F	0.25%	0.02%	0.02%
IBM	B	0.26%	0.02%	0.02%
ICE	A	0.03%	0.02%	0.02%
IFF	C	0.06%	0.01%	0.01%
ILMN	B	0.09%	0.02%	0.02%
INTC	D	1.7%	0.03%	0.03%
INTU	F	0.03%	0.02%	0.02%
IPG	C	0.03%	0.01%	0.01%
ITW	A	0.03%	0.04%	0.03%
IVZ	A	0.03%	0.02%	0.02%
JBL	D	0.14%	0.01%	0.01%
JEF	A	0.04%	0.03%	0.03%
JNJ	D	2.07%	0.02%	0.02%
JNPR	B	0.01%	0.03%	0.01%
JPM	D	0.67%	0.01%	0.01%
K	B	0.26%	0.02%	0.02%
KDP	C	0.04%	0.02%	0.02%
KEY	C	0.04%	0.01%	0.01%
KEYS	B	0.01%	0.02%	0.01%
KIM	C	0.01%	0.01%	0.01%
KLAC	B	0.05%	0.06%	0.05%
KMB	B	0.1%	0.01%	0.01%
KMPR	D	0.02%	0.02%	0.02%
KO	C	0.01%	0.06%	0.01%
KR	C	0.22%	0.02%	0.02%
L	D	0.05%	0.02%	0.02%
LEN	B	0.14%	0.01%	0.01%
LLY	D	1.93%	0.02%	0.02%
LNC	D	0.05%	0.01%	0.01%
LOW	A	0.24%	0.01%	0.01%
LRCX	D	0.1%	0.02%	0.02%
MA	A	0.11%	0.04%	0.04%
MAA	C	0.05%	0.01%	0.01%
MAR	B	0.06%	0.01%	0.01%
MCHP	F	0.03%	0.01%	0.01%
MCK	F	0.42%	0.01%	0.01%
MCO	D	0.02%	0.02%	0.02%
MDLZ	C	0.32%	0.01%	0.01%
MET	A	0.21%	0.02%	0.02%
MKC	C	0.05%	0.02%	0.02%
MMC	D	0.12%	0.01%	0.01%
MMM	C	0.06%	0.01%	0.01%
MOS	D	1.66%	0.03%	0.03%
MRK	F	1.74%	0.04%	0.04%
MRVL	C	0.01%	0.02%	0.01%
MS	B	0.35%	0.03%	0.03%
MSFT	D	2.37%	0.04%	0.04%
MSI	A	0.02%	0.03%	0.02%
MTB	C	0.03%	0.02%	0.02%
MU	D	0.13%	0.03%	0.03%
NDAQ	C	0.02%	0.01%	0.01%
NSC	C	0.0%	0.01%	0.0%
NTAP	D	0.03%	0.02%	0.02%
NTRS	C	0.04%	0.04%	0.04%
NVDA	C	0.09%	0.02%	0.02%
O	A	0.01%	0.01%	0.01%
OMC	C	0.05%	0.06%	0.05%
ORCL	B	0.2%	0.05%	0.05%
ORI	B	0.04%	0.02%	0.02%
ORLY	A	0.04%	0.01%	0.01%
OTIS	A	0.02%	0.07%	0.02%
PEP	D	0.39%	0.02%	0.02%
PFE	D	1.58%	0.03%	0.03%
PFG	C	0.06%	0.01%	0.01%
PG	C	4.0%	0.01%	0.01%
PH	A	0.04%	0.02%	0.02%
PHM	A	0.08%	0.03%	0.03%
PNC	C	0.1%	0.02%	0.02%
PPG	D	0.04%	0.01%	0.01%
PRU	C	0.17%	0.03%	0.03%
PSA	C	0.01%	0.02%	0.01%
PYPL	C	0.09%	0.03%	0.03%
QCOM	D	0.15%	0.04%	0.04%
R	C	0.02%	0.01%	0.01%
RF	C	0.03%	0.04%	0.03%
RGA	C	0.06%	0.01%	0.01%
ROK	D	0.02%	0.01%	0.01%
ROP	C	0.01%	0.01%	0.01%
ROST	C	0.02%	0.02%	0.02%
RPRX	B	0.11%	0.04%	0.04%
RS	D	0.03%	0.01%	0.01%
RSG	D	0.03%	0.01%	0.01%
SCHW	D	0.07%	0.01%	0.01%
SF	A	0.03%	0.02%	0.02%
SHW	B	0.05%	0.02%	0.02%
SNV	D	0.01%	0.01%	0.01%
SNX	C	0.06%	0.03%	0.03%
SPG	A	0.03%	0.02%	0.02%
SPGI	C	0.03%	0.03%	0.03%
STT	C	0.09%	0.03%	0.03%
SWK	A	0.04%	0.03%	0.03%
SWKS	F	0.02%	0.03%	0.02%
SYF	B	0.07%	0.03%	0.03%
SYK	C	1.12%	0.01%	0.01%
SYY	B	0.07%	0.03%	0.03%
T	A	0.87%	0.01%	0.01%
TFC	D	0.1%	0.01%	0.01%
TGT	C	0.13%	0.05%	0.05%
THG	C	0.02%	0.02%	0.02%
TJX	C	0.06%	0.04%	0.04%
TKR	D	0.0%	0.01%	0.0%
TMO	C	0.86%	0.01%	0.01%
TMUS	A	0.38%	0.04%	0.04%
TRMB	B	0.01%	0.01%	0.01%
TXN	C	0.1%	0.01%	0.01%
UDR	C	0.03%	0.01%	0.01%
UHS	D	0.21%	0.01%	0.01%
UNH	B	0.94%	0.01%	0.01%
UNM	A	0.04%	0.02%	0.02%
UNP	D	0.02%	0.01%	0.01%
UPS	D	0.03%	0.02%	0.02%
USB	C	0.12%	0.02%	0.02%
V	C	0.15%	0.13%	0.13%
VLY	C	0.01%	0.01%	0.01%
VNO	A	0.01%	0.02%	0.01%
VNT	F	0.01%	0.02%	0.01%
VOYA	A	0.03%	0.02%	0.02%
VRSK	D	0.01%	0.05%	0.01%
VTR	C	0.06%	0.02%	0.02%
VTRS	D	0.23%	0.03%	0.03%
VZ	A	0.94%	0.06%	0.06%
WAL	C	0.01%	0.03%	0.01%
WBA	F	0.21%	0.06%	0.06%
WELL	C	0.02%	0.01%	0.01%
WFC	D	0.41%	0.01%	0.01%
WHR	B	0.04%	0.01%	0.01%
WLK	C	0.06%	0.04%	0.04%
WM	B	0.05%	0.02%	0.02%
WMT	A	1.08%	0.02%	0.02%
WPC	C	0.01%	0.02%	0.01%
WU	D	0.03%	0.01%	0.01%
ZBH	F	0.44%	0.02%	0.02%

HKND Overweight 685 Positions Relative to VCSH

Symbol	Grade	Weight
GEHC	C	0.99%
ECL	B	0.9%
AGCO	D	0.7%
VRTX	D	0.57%
REGN	D	0.54%
FDP	C	0.5%
SJM	C	0.5%
INGR	A	0.49%
IQV	F	0.49%
KVUE	C	0.42%
ELV	F	0.4%
VLTO	A	0.34%
CNC	F	0.33%
J	D	0.31%
ISRG	A	0.31%
THC	C	0.31%
SPB	C	0.29%
EW	F	0.28%
BBY	B	0.28%
HOLX	D	0.26%
FELE	C	0.26%
MRNA	F	0.25%
PGR	C	0.21%
RMD	C	0.2%
TFX	C	0.18%
TSLA	C	0.18%
FSLR	C	0.18%
ZWS	A	0.17%
TRV	C	0.16%
SOLV	C	0.16%
ENOV	F	0.15%
AVTR	D	0.15%
HSIC	D	0.14%
CTLT	A	0.14%
RUN	D	0.13%
ENPH	D	0.13%
DVA	C	0.13%
DXCM	F	0.12%
LUMN	C	0.12%
ICUI	B	0.11%
TITN	F	0.11%
AHCO	C	0.11%
CBRE	A	0.11%
ALNY	C	0.1%
MAN	D	0.1%
FTRE	F	0.1%
GLW	B	0.1%
SEM	D	0.1%
OGN	F	0.1%
HIG	A	0.1%
WDC	C	0.1%
MASI	B	0.09%
BIO	B	0.09%
MTD	B	0.09%
CRL	F	0.09%
INCY	B	0.09%
FLO	D	0.09%
PODD	C	0.08%
ITGR	C	0.08%
CDW	D	0.08%
ALG	D	0.08%
LXU	B	0.08%
POST	C	0.08%
CTSH	B	0.08%
ACM	C	0.08%
NFLX	A	0.08%
UTHR	C	0.08%
WTRG	D	0.08%
RDNT	C	0.08%
KD	F	0.07%
WAT	B	0.07%
TECH	C	0.07%
MMSI	C	0.07%
EMBC	F	0.07%
UAN	F	0.07%
WBD	D	0.07%
MOH	D	0.07%
FNF	A	0.07%
EHC	B	0.07%
BMRN	F	0.07%
CWT	D	0.07%
IART	F	0.07%
GMED	D	0.06%
SRPT	F	0.06%
FOX	A	0.06%
CRBG	C	0.06%
SMG	A	0.06%
NBIX	F	0.06%
BRKR	D	0.06%
WST	D	0.06%
ACI	F	0.06%
CNMD	D	0.06%
HAE	D	0.06%
JLL	B	0.05%
PCVX	B	0.05%
GPC	D	0.05%
OPK	D	0.05%
INVH	D	0.05%
ROKU	C	0.05%
AVNS	D	0.05%
SUI	D	0.05%
SJW	D	0.05%
TOL	A	0.05%
AYI	A	0.05%
NVR	A	0.05%
MKL	C	0.05%
RJF	B	0.05%
OMI	F	0.05%
SQ	D	0.05%
LKQ	F	0.04%
SGRY	C	0.04%
OPCH	F	0.04%
CNXN	C	0.04%
CR	B	0.04%
SCSC	D	0.04%
AJG	D	0.04%
MEDP	F	0.04%
LPLA	D	0.04%
TMHC	C	0.04%
CTAS	B	0.04%
TROW	D	0.04%
WMG	D	0.04%
CINF	A	0.04%
VKTX	C	0.04%
LBRDA	B	0.04%
WRB	B	0.04%
EXAS	C	0.04%
NOVT	C	0.04%
AWR	A	0.04%
TTC	D	0.04%
PEN	D	0.04%
UNFI	B	0.04%
EXEL	B	0.04%
FYBR	C	0.04%
HUN	B	0.04%
KLG	D	0.04%
NEO	F	0.03%
GNW	C	0.03%
FAST	B	0.03%
REZI	D	0.03%
OPEN	F	0.03%
CHE	C	0.03%
PLD	D	0.03%
WTS	C	0.03%
XRX	D	0.03%
OFIX	D	0.03%
ENSG	D	0.03%
NUVL	B	0.03%
HWKN	A	0.03%
CHWY	C	0.03%
HALO	D	0.03%
MTH	C	0.03%
APO	A	0.03%
FLGT	F	0.03%
NSP	F	0.03%
AMRX	B	0.03%
KBH	C	0.03%
CG	C	0.03%
NWS	D	0.03%
CYTK	F	0.03%
SMMT	D	0.03%
ENR	B	0.03%
MIDD	D	0.03%
RVMD	B	0.03%
ON	F	0.03%
DAR	F	0.03%
TWI	F	0.03%
MD	B	0.03%
ELS	D	0.03%
SANM	D	0.03%
SNEX	C	0.03%
GME	F	0.03%
AMH	D	0.03%
LYV	A	0.03%
IT	C	0.03%
IONS	F	0.03%
ITCI	D	0.03%
TDS	B	0.03%
RKT	C	0.03%
BPMC	F	0.03%
RHI	D	0.03%
ZBRA	A	0.03%
LNTH	C	0.03%
IRDM	B	0.03%
LNN	C	0.03%
TNDM	D	0.03%
SRCL	B	0.02%
WCC	C	0.02%
TTEK	B	0.02%
AMPH	C	0.02%
FOLD	F	0.02%
BBWI	F	0.02%
ATR	A	0.02%
STC	C	0.02%
SEE	C	0.02%
GL	C	0.02%
ULTA	D	0.02%
DNLI	C	0.02%
PLXS	B	0.02%
NATL	D	0.02%
BCO	C	0.02%
MDGL	F	0.02%
GKOS	B	0.02%
AXSM	B	0.02%
SNPS	F	0.02%
ADTN	B	0.02%
IBKR	A	0.02%
BHF	F	0.02%
FCN	C	0.02%
CRNX	C	0.02%
UTZ	C	0.02%
NWL	D	0.02%
MCY	B	0.02%
SMPL	D	0.02%
COOP	B	0.02%
CENTA	F	0.02%
ANET	A	0.02%
ALGN	D	0.02%
AAP	F	0.02%
AMRK	B	0.02%
XRAY	D	0.02%
ALIT	D	0.02%
ACAD	F	0.02%
PTCT	C	0.02%
HAIN	B	0.02%
INSM	D	0.02%
DOX	B	0.02%
SMCI	F	0.02%
BKD	D	0.02%
TXG	F	0.02%
KRYS	D	0.02%
APLS	F	0.02%
RARE	C	0.02%
ATRC	C	0.02%
TSCO	A	0.02%
OMF	F	0.02%
MAS	A	0.02%
DKS	D	0.02%
GAP	F	0.02%
LECO	D	0.02%
MHO	C	0.02%
EME	C	0.02%
ADV	F	0.02%
CCS	C	0.02%
TPG	B	0.02%
TPH	C	0.02%
COMP	C	0.02%
IDXX	D	0.02%
CORT	B	0.02%
PFSI	C	0.02%
NOW	C	0.02%
LILAK	D	0.02%
ENTG	D	0.02%
PWR	B	0.02%
PAYX	A	0.02%
JJSF	B	0.02%
TNET	F	0.02%
GFS	F	0.02%
SSNC	C	0.02%
THS	C	0.02%
AZTA	F	0.02%
ZG	C	0.02%
ABM	D	0.02%
BLDR	B	0.02%
BBIO	F	0.02%
AMKR	F	0.02%
KELYA	D	0.02%
USM	C	0.02%
HLT	A	0.02%
WSO	C	0.02%
JXN	A	0.02%
WMS	D	0.02%
AMED	D	0.02%
MMS	B	0.02%
EOLS	B	0.01%
DORM	C	0.01%
ONB	D	0.01%
ONTO	B	0.01%
UBSI	D	0.01%
IRTC	F	0.01%
POOL	B	0.01%
ABCB	C	0.01%
ELVN	B	0.01%
PNTG	C	0.01%
SFM	A	0.01%
YORW	D	0.01%
SRRK	F	0.01%
MIRM	D	0.01%
USPH	F	0.01%
RGNX	F	0.01%
IEX	D	0.01%
EXR	C	0.01%
COTY	F	0.01%
GTES	C	0.01%
NX	F	0.01%
KE	F	0.01%
FRPT	C	0.01%
MAT	D	0.01%
KIDS	F	0.01%
PJT	C	0.01%
SAGE	F	0.01%
PRLB	F	0.01%
WH	C	0.01%
CRUS	D	0.01%
SLAB	D	0.01%
REG	C	0.01%
VZIO	A	0.01%
MPWR	B	0.01%
GMS	C	0.01%
NYT	A	0.01%
URBN	F	0.01%
WTM	D	0.01%
FIVE	D	0.01%
LFST	B	0.01%
FOUR	B	0.01%
DLB	D	0.01%
CVCO	B	0.01%
TYL	B	0.01%
CMC	D	0.01%
APAM	C	0.01%
CGEM	F	0.01%
PB	D	0.01%
UI	A	0.01%
TOST	C	0.01%
SSB	C	0.01%
GSAT	F	0.01%
CADE	D	0.01%
WGO	D	0.01%
DBX	B	0.01%
BCRX	D	0.01%
SCHL	F	0.01%
MC	C	0.01%
BXC	D	0.01%
ANSS	D	0.01%
SNA	A	0.01%
AEO	B	0.01%
OZK	F	0.01%
MDXG	F	0.01%
ASB	F	0.01%
APG	F	0.01%
FICO	A	0.01%
HURN	D	0.01%
HWC	D	0.01%
TCBI	C	0.01%
RLI	A	0.01%
DAWN	D	0.01%
VRDN	A	0.01%
DIOD	F	0.01%
HMN	B	0.01%
VSAT	F	0.01%
DAY	B	0.01%
MTN	D	0.01%
PLUS	C	0.01%
FIX	A	0.01%
ACIW	B	0.01%
CCRN	F	0.01%
CBSH	D	0.01%
AVO	C	0.01%
UMBF	C	0.01%
VEEV	C	0.01%
DYN	D	0.01%
TRUP	D	0.01%
HGV	F	0.01%
KFRC	F	0.01%
WD	C	0.01%
IMVT	F	0.01%
LFUS	C	0.01%
SSYS	D	0.01%
PSTG	F	0.01%
KURA	F	0.01%
ACT	C	0.01%
KNF	C	0.01%
APP	A	0.01%
SYNA	D	0.01%
AKRO	C	0.01%
SATS	C	0.01%
FNA	F	0.01%
IPGP	D	0.01%
PIPR	B	0.01%
FDS	C	0.01%
PII	D	0.01%
TVTX	C	0.01%
PNFP	D	0.01%
GRBK	C	0.01%
SKY	B	0.01%
LCII	B	0.01%
CFR	D	0.01%
PAYC	D	0.01%
CNM	F	0.01%
MNKD	C	0.01%
UCTT	D	0.01%
PTGX	C	0.01%
PRG	C	0.01%
EXLS	A	0.01%
FG	B	0.01%
WBS	D	0.01%
BRC	C	0.01%
ACHC	F	0.01%
XYL	C	0.01%
CRVL	C	0.01%
MTG	B	0.01%
HTH	D	0.01%
TDC	D	0.01%
SANA	F	0.01%
CABO	F	0.01%
IDT	C	0.01%
RYAN	A	0.01%
RDN	D	0.01%
VRSN	B	0.01%
ASIX	A	0.01%
LANC	F	0.01%
MTCH	B	0.01%
JKHY	A	0.01%
IOSP	F	0.01%
AXNX	A	0.01%
TARS	C	0.01%
IRT	C	0.01%
BEAM	F	0.01%
MORN	C	0.01%
SNDX	F	0.01%
RCM	B	0.01%
TDOC	D	0.01%
FHI	C	0.01%
IR	A	0.01%
KWR	D	0.01%
BECN	F	0.01%
HLI	C	0.01%
ENS	D	0.01%
NGVT	D	0.01%
AGIO	D	0.01%
SBAC	B	0.01%
PINC	F	0.01%
MSCI	B	0.01%
SBH	C	0.01%
MSM	D	0.01%
ADMA	C	0.01%
COIN	F	0.01%
UNF	A	0.01%
ANIP	F	0.01%
WTFC	D	0.01%
LAMR	C	0.01%
TTMI	D	0.01%
SITE	D	0.01%
SXT	C	0.01%
INVA	B	0.01%
CC	D	0.01%
RCKT	F	0.01%
IAC	C	0.01%
TTWO	F	0.01%
RXRX	F	0.01%
AXTA	C	0.01%
CPRX	C	0.01%
BGC	C	0.01%
CRSR	D	0.01%
TGNA	B	0.01%
NTLA	F	0.01%
FND	C	0.01%
AIV	C	0.01%
LMAT	B	0.01%
RNA	B	0.01%
ADUS	D	0.01%
UHAL	A	0.01%
TEX	F	0.01%
QRVO	F	0.01%
TNC	F	0.01%
JBSS	F	0.01%
FL	F	0.01%
BOKF	D	0.01%
IRM	A	0.01%
CSTL	C	0.01%
EXPI	C	0.01%
KFY	C	0.01%
LGND	D	0.01%
GERN	D	0.01%
KEX	C	0.01%
IRWD	F	0.01%
DVAX	D	0.01%
ICFI	C	0.01%
NMRK	A	0.01%
COLL	B	0.01%
GNRC	B	0.01%
BCC	C	0.01%
ASTH	A	0.01%
PBH	D	0.01%
ARVN	F	0.01%
NHC	D	0.01%
AOS	B	0.01%
EWBC	D	0.01%
DFH	C	0.01%
BURL	D	0.01%
CGON	C	0.01%
SEIC	B	0.01%
ARDX	D	0.01%
TNL	B	0.01%
FCNCA	D	0.01%
XNCR	D	0.01%
NARI	F	0.01%
UFPI	C	0.01%
EVH	D	0.01%
STGW	B	0.01%
UWMC	D	0.01%
VCEL	F	0.01%
IDYA	F	0.01%
RYTM	C	0.01%
PRVA	F	0.01%
AME	D	0.01%
FFIV	B	0.01%
HHH	C	0.01%
ESI	B	0.01%
LGF.A	F	0.01%
RRX	C	0.01%
NVST	D	0.01%
CLH	C	0.01%
HRMY	D	0.01%
SPTN	B	0.01%
KROS	B	0.01%
CSGP	F	0.01%
ASH	F	0.01%
ATEC	F	0.01%
CLDX	F	0.01%
VAC	D	0.01%
CIEN	A	0.01%
KYMR	D	0.01%
VERA	C	0.01%
BZH	C	0.01%
GT	F	0.01%
VIR	F	0.01%
GDDY	D	0.01%
AGL	F	0.01%
BHE	C	0.01%
RGEN	F	0.01%
NTRA	A	0.01%
PDCO	F	0.01%
NVAX	C	0.01%
EWTX	B	0.01%
ASGN	D	0.01%
SUPN	D	0.01%
EEFT	F	0.01%
TWST	D	0.01%
TRU	A	0.01%
COHR	B	0.01%
TGTX	C	0.01%
MYGN	D	0.01%
NXST	D	0.01%
AIT	B	0.01%
SWTX	F	0.01%
BGS	D	0.01%
UFPT	D	0.01%
VSH	F	0.01%
HOV	D	0.01%
CNDT	B	0.01%
ABNB	D	0.01%
THO	B	0.01%
VRT	B	0.01%
ERIE	A	0.01%
AMN	F	0.01%
INSP	B	0.01%
NSIT	B	0.01%
ARWR	F	0.01%
ACLX	C	0.01%
JANX	D	0.01%
EPAM	F	0.01%
PANW	D	0.01%
WDAY	D	0.01%
CNXC	F	0.01%
PCRX	F	0.01%
LGIH	C	0.01%
AKAM	D	0.01%
SCI	C	0.01%
EDR	A	0.01%
ZION	D	0.01%
URI	C	0.01%
MRVI	F	0.01%
TER	C	0.01%
ARES	A	0.01%
EVR	C	0.01%
ESAB	C	0.01%
SIGI	D	0.01%
MSEX	C	0.01%
IOVA	F	0.01%
GH	F	0.01%
SCLX	F	0.0%
VIRT	B	0.0%
OABI	F	0.0%
ABUS	D	0.0%
PRME	F	0.0%
BLFS	D	0.0%
CELC	F	0.0%
QTRX	F	0.0%
STOK	D	0.0%
ALT	F	0.0%
ABSI	F	0.0%
CTKB	F	0.0%
NUVB	F	0.0%
OLMA	F	0.0%
SIGA	F	0.0%
ORIC	D	0.0%
MNMD	F	0.0%
SVRA	F	0.0%
LQDA	F	0.0%
ALEC	F	0.0%
FORM	F	0.0%
EYPT	F	0.0%
ALGM	F	0.0%
YMAB	B	0.0%
PLAB	D	0.0%
MSGS	A	0.0%
ANAB	D	0.0%
WSFS	D	0.0%
WAFD	D	0.0%
APLT	B	0.0%
TW	A	0.0%
LYEL	F	0.0%
IRON	C	0.0%
ETNB	F	0.0%
COLB	C	0.0%
PHAT	C	0.0%
CRAI	C	0.0%
LBPH	D	0.0%
UCBI	B	0.0%
PLRX	F	0.0%
MLI	C	0.0%
DFIN	C	0.0%
NDSN	B	0.0%
OSCR	C	0.0%
AEIS	F	0.0%
FHB	D	0.0%
STEP	A	0.0%
CNS	C	0.0%
BSY	D	0.0%
MMI	C	0.0%
ZEUS	F	0.0%
NVEE	F	0.0%
GOLF	F	0.0%
HSII	C	0.0%
ITRI	C	0.0%
MLYS	B	0.0%
COGT	C	0.0%
SAFT	D	0.0%
CATY	D	0.0%
PGNY	F	0.0%
TTD	C	0.0%
GGG	B	0.0%
GBCI	C	0.0%
CBZ	F	0.0%
NRIX	D	0.0%
PCTY	B	0.0%
HOMB	D	0.0%
REYN	D	0.0%
ARQT	D	0.0%
SPRY	B	0.0%
CHH	B	0.0%
ARCT	D	0.0%
CBT	B	0.0%
RLAY	F	0.0%
AZZ	C	0.0%
GIC	D	0.0%
SAVA	D	0.0%
IMNM	F	0.0%
SONO	D	0.0%
OCUL	B	0.0%
ANF	F	0.0%
CTS	B	0.0%
FULT	D	0.0%
IBP	B	0.0%
DCI	B	0.0%
MODG	F	0.0%
RCUS	F	0.0%
HZO	D	0.0%
FDMT	F	0.0%
PTC	D	0.0%
TMCI	F	0.0%
VCYT	C	0.0%
TRIP	F	0.0%
VCTR	B	0.0%
SFNC	C	0.0%
BBSI	C	0.0%
TKO	A	0.0%
PLAY	D	0.0%
UFCS	D	0.0%
ITT	B	0.0%
TYRA	C	0.0%
SIBN	F	0.0%
UVE	C	0.0%
ROG	D	0.0%

HKND Underweight 177 Positions Relative to VCSH

Symbol	Grade	Weight
TAP	D	-0.1%
MDT	B	-0.08%
STLA	F	-0.07%
ETN	C	-0.07%
DLTR	F	-0.05%
NI	A	-0.05%
LMT	A	-0.05%
NOC	B	-0.05%
VFC	B	-0.04%
WB	B	-0.04%
ARCC	A	-0.04%
ZTS	C	-0.04%
FOXA	A	-0.04%
GSK	F	-0.04%
AZN	D	-0.04%
JBHT	D	-0.03%
WAB	A	-0.03%
APTV	D	-0.03%
AGR	C	-0.03%
HRL	F	-0.03%
JD	B	-0.03%
MHK	B	-0.03%
NUE	D	-0.03%
ATO	A	-0.03%
PVH	F	-0.03%
GLPI	A	-0.03%
HAL	F	-0.03%
VLO	F	-0.03%
WMB	A	-0.03%
EPD	A	-0.03%
MPLX	A	-0.03%
CB	A	-0.03%
AER	D	-0.03%
MPC	F	-0.03%
SKT	A	-0.02%
RL	B	-0.02%
STLD	B	-0.02%
GBDC	B	-0.02%
ALLE	A	-0.02%
HP	F	-0.02%
HOG	D	-0.02%
JCI	B	-0.02%
NNN	A	-0.02%
SBRA	C	-0.02%
TSLX	D	-0.02%
BKH	C	-0.02%
COKE	B	-0.02%
BWA	B	-0.02%
BABA	A	-0.02%
AWH	F	-0.02%
GSBD	D	-0.02%
IP	C	-0.02%
LNT	A	-0.02%
OCSL	D	-0.02%
LAZ	C	-0.02%
DVN	F	-0.02%
LYB	D	-0.02%
TDY	A	-0.02%
TT	A	-0.02%
LIN	B	-0.02%
OHI	C	-0.02%
LHX	A	-0.02%
LDOS	A	-0.02%
WEC	A	-0.02%
AES	B	-0.02%
AN	C	-0.02%
EOG	B	-0.02%
NKE	D	-0.02%
FANG	D	-0.02%
FLEX	C	-0.02%
CNH	B	-0.02%
OKE	B	-0.02%
NXPI	F	-0.02%
FSK	A	-0.02%
GD	A	-0.02%
WRK	C	-0.02%
PM	C	-0.02%
STZ	B	-0.02%
SBUX	B	-0.02%
ET	C	-0.02%
AL	D	-0.02%
CM	B	-0.02%
SLB	D	-0.02%
KMI	A	-0.02%
LVS	B	-0.02%
CAT	A	-0.02%
RTX	A	-0.02%
RY	B	-0.02%
CVX	B	-0.02%
GM	D	-0.02%
TD	C	-0.02%
XOM	A	-0.02%
NVT	D	-0.01%
HIW	C	-0.01%
FE	B	-0.01%
RPM	A	-0.01%
KSS	D	-0.01%
G	A	-0.01%
EPR	C	-0.01%
NEU	F	-0.01%
ED	A	-0.01%
NEM	C	-0.01%
VMC	D	-0.01%
WY	B	-0.01%
LEG	D	-0.01%
JHG	C	-0.01%
HES	D	-0.01%
NYCB	D	-0.01%
DAL	C	-0.01%
RNR	A	-0.01%
SLG	C	-0.01%
BDN	A	-0.01%
BCSF	B	-0.01%
TME	B	-0.01%
SITC	F	-0.01%
TEL	D	-0.01%
BHP	B	-0.01%
GP	D	-0.01%
ES	C	-0.01%
OGS	C	-0.01%
MLM	D	-0.01%
PNW	A	-0.01%
PSEC	C	-0.01%
SCCO	B	-0.01%
TXT	F	-0.01%
CMS	A	-0.01%
CUBE	C	-0.01%
MAIN	B	-0.01%
LII	C	-0.01%
OC	C	-0.01%
PDM	C	-0.01%
HII	F	-0.01%
KRC	C	-0.01%
NFG	A	-0.01%
OPI	F	-0.01%
CP	C	-0.01%
CNP	B	-0.01%
PCAR	D	-0.01%
XEL	A	-0.01%
AEE	A	-0.01%
SRE	A	-0.01%
PKG	C	-0.01%
DUK	A	-0.01%
UAL	B	-0.01%
PPL	A	-0.01%
LH	D	-0.01%
EVRG	C	-0.01%
AEP	C	-0.01%
PSX	D	-0.01%
PEG	A	-0.01%
DTE	A	-0.01%
AON	A	-0.01%
HON	C	-0.01%
BIDU	B	-0.01%
EIX	A	-0.01%
PAA	D	-0.01%
ETR	A	-0.01%
TSN	D	-0.01%
D	A	-0.01%
DG	F	-0.01%
MO	D	-0.01%
NEE	A	-0.01%
EXC	A	-0.01%
MCD	A	-0.01%
BNS	C	-0.01%
COP	D	-0.01%
SO	A	-0.01%
VOD	C	-0.01%
LUV	B	-0.01%
GE	C	-0.01%
DB	C	-0.01%
BMO	B	-0.01%
PCG	B	-0.01%
HSBC	B	-0.01%
NWG	D	-0.01%
MUFG	D	-0.01%
BA	F	-0.01%