HKND vs. VFMO ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$161.48

Average Daily Volume

27,456

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

Performance

Period	HKND	VFMO
30 Days	2.28%	4.26%
60 Days	3.59%	5.14%
90 Days	5.88%	7.96%
12 Months	20.27%	41.35%

249 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in VFMO	Overlap
ABCB	B	0.01%	0.09%	0.01%
ACLX	B	0.01%	0.11%	0.01%
ACT	B	0.01%	0.05%	0.01%
ADMA	B	0.01%	0.19%	0.01%
AEO	F	0.01%	0.08%	0.01%
AFL	C	0.09%	0.07%	0.07%
AGIO	C	0.01%	0.07%	0.01%
AIG	D	0.23%	0.33%	0.23%
AIT	A	0.01%	0.16%	0.01%
AIZ	B	0.12%	0.18%	0.12%
AJG	D	0.04%	0.18%	0.04%
ALL	B	0.22%	0.21%	0.21%
ALLY	F	0.05%	0.08%	0.05%
ALT	D	0.0%	0.11%	0.0%
AMAT	D	0.14%	0.57%	0.14%
AMD	D	0.06%	0.05%	0.05%
AMRX	B	0.03%	0.13%	0.03%
AMZN	C	0.58%	0.79%	0.58%
ANAB	C	0.0%	0.11%	0.0%
ANET	B	0.02%	0.06%	0.02%
ANET	B	0.02%	1.31%	0.02%
ANF	D	0.0%	0.25%	0.0%
ANIP	D	0.01%	0.09%	0.01%
AOS	D	0.01%	0.05%	0.01%
APG	D	0.01%	0.16%	0.01%
APH	D	0.04%	0.58%	0.04%
APO	C	0.02%	0.9%	0.02%
APP	C	0.0%	0.31%	0.0%
ARCT	F	0.0%	0.04%	0.0%
ARDX	D	0.01%	0.12%	0.01%
ARES	B	0.01%	0.16%	0.01%
ASB	D	0.01%	0.15%	0.01%
AVGO	C	0.1%	1.34%	0.1%
AXP	B	0.2%	0.45%	0.2%
AYI	B	0.05%	0.13%	0.05%
AZZ	D	0.0%	0.21%	0.0%
BBIO	D	0.03%	0.08%	0.03%
BCC	C	0.01%	0.15%	0.01%
BGC	B	0.01%	0.13%	0.01%
BHE	D	0.01%	0.02%	0.01%
BKD	D	0.02%	0.17%	0.02%
BKNG	C	0.06%	0.29%	0.06%
BKU	C	0.01%	0.11%	0.01%
BLDR	C	0.02%	0.18%	0.02%
BPMC	F	0.03%	0.26%	0.03%
BRO	C	0.02%	0.07%	0.02%
BSX	B	0.73%	0.53%	0.53%
C	D	0.39%	0.85%	0.39%
CACC	F	0.01%	0.15%	0.01%
CADE	C	0.01%	0.15%	0.01%
CAH	C	0.31%	0.07%	0.07%
CARR	B	0.0%	0.15%	0.0%
CBZ	F	0.0%	0.11%	0.0%
CCS	B	0.02%	0.03%	0.02%
CGEM	D	0.01%	0.09%	0.01%
CLH	A	0.01%	0.17%	0.01%
CNM	F	0.01%	0.3%	0.01%
COIN	F	0.01%	0.18%	0.01%
COLL	C	0.01%	0.11%	0.01%
COOP	C	0.02%	0.17%	0.02%
COST	B	0.11%	0.54%	0.11%
CR	C	0.03%	0.23%	0.03%
CRAI	D	0.0%	0.05%	0.0%
CRBG	D	0.06%	0.23%	0.06%
CRM	D	0.07%	0.34%	0.07%
CRNX	C	0.02%	0.15%	0.02%
CRVL	B	0.01%	0.04%	0.01%
CSL	B	0.02%	0.19%	0.02%
CSTL	C	0.01%	0.05%	0.01%
CTS	D	0.0%	0.04%	0.0%
CYTK	F	0.03%	0.2%	0.03%
DAWN	D	0.01%	0.09%	0.01%
DFH	C	0.01%	0.07%	0.01%
DFIN	B	0.0%	0.04%	0.0%
DHI	B	0.17%	0.29%	0.17%
DKS	D	0.02%	0.2%	0.02%
DVA	B	0.12%	0.2%	0.12%
DYN	D	0.01%	0.14%	0.01%
EHC	C	0.07%	0.11%	0.07%
EME	B	0.02%	0.44%	0.02%
ENSG	B	0.03%	0.11%	0.03%
EOLS	C	0.0%	0.09%	0.0%
ESAB	C	0.01%	0.16%	0.01%
EVR	A	0.01%	0.19%	0.01%
EWBC	D	0.01%	0.2%	0.01%
EWTX	B	0.01%	0.13%	0.01%
EXEL	C	0.04%	0.04%	0.04%
EYPT	D	0.0%	0.11%	0.0%
FCNCA	D	0.01%	0.25%	0.01%
FDMT	F	0.01%	0.05%	0.01%
FG	D	0.01%	0.08%	0.01%
FHN	D	0.01%	0.22%	0.01%
FICO	B	0.01%	0.2%	0.01%
FITB	B	0.04%	0.34%	0.04%
FIX	B	0.01%	0.31%	0.01%
FNF	B	0.07%	0.05%	0.05%
FRPT	B	0.01%	0.19%	0.01%
FULT	D	0.0%	0.18%	0.0%
FYBR	C	0.04%	0.12%	0.04%
GAP	F	0.02%	0.12%	0.02%
GERN	D	0.01%	0.08%	0.01%
GIC	D	0.0%	0.03%	0.0%
GKOS	C	0.02%	0.19%	0.02%
GMS	D	0.01%	0.05%	0.01%
GNW	B	0.03%	0.09%	0.03%
GOLF	D	0.0%	0.03%	0.0%
GRBK	B	0.01%	0.08%	0.01%
GTES	C	0.0%	0.02%	0.0%
GWW	B	0.05%	0.17%	0.05%
HLT	B	0.02%	0.32%	0.02%
HOV	C	0.01%	0.13%	0.01%
HRB	C	0.01%	0.11%	0.01%
HUBB	B	0.01%	0.13%	0.01%
HURN	C	0.01%	0.12%	0.01%
HWKN	C	0.03%	0.07%	0.03%
IBKR	B	0.02%	0.13%	0.02%
IBM	B	0.25%	0.18%	0.18%
IBP	D	0.0%	0.29%	0.0%
ICFI	B	0.01%	0.07%	0.01%
IDT	C	0.01%	0.02%	0.01%
IDYA	F	0.01%	0.09%	0.01%
IMVT	D	0.01%	0.08%	0.01%
INSM	D	0.02%	0.23%	0.02%
INTU	C	0.03%	0.05%	0.03%
INVA	B	0.01%	0.16%	0.01%
IOVA	C	0.02%	0.08%	0.02%
IT	B	0.03%	0.06%	0.03%
ITGR	A	0.08%	0.1%	0.08%
ITRI	C	0.0%	0.02%	0.0%
JANX	C	0.01%	0.14%	0.01%
JEF	B	0.04%	0.08%	0.04%
JPM	D	0.7%	0.37%	0.37%
JXN	A	0.02%	0.18%	0.02%
KD	D	0.07%	0.11%	0.07%
KEX	C	0.01%	0.02%	0.01%
KEY	B	0.03%	0.32%	0.03%
KLAC	D	0.05%	0.82%	0.05%
KMPR	D	0.02%	0.02%	0.02%
KROS	C	0.01%	0.08%	0.01%
KRYS	D	0.02%	0.11%	0.02%
KURA	D	0.01%	0.08%	0.01%
LBPH	D	0.0%	0.18%	0.0%
LEN	B	0.14%	0.04%	0.04%
LEN	B	0.14%	0.34%	0.14%
LLY	C	2.04%	1.29%	1.29%
LQDA	F	0.0%	0.12%	0.0%
LRCX	F	0.09%	0.81%	0.09%
MCK	F	0.44%	0.76%	0.44%
MCY	D	0.02%	0.16%	0.02%
MDXG	F	0.01%	0.06%	0.01%
MEDP	F	0.04%	0.19%	0.04%
MHO	B	0.02%	0.13%	0.02%
MLI	B	0.0%	0.08%	0.0%
MPWR	C	0.01%	0.06%	0.01%
MSFT	C	2.3%	0.24%	0.24%
MTG	B	0.01%	0.11%	0.01%
MTH	A	0.03%	0.12%	0.03%
MU	F	0.1%	0.9%	0.1%
NBIX	F	0.07%	0.09%	0.07%
NFLX	B	0.08%	1.16%	0.08%
NHC	D	0.01%	0.13%	0.01%
NMRK	A	0.01%	0.04%	0.01%
NOW	B	0.02%	0.25%	0.02%
NRIX	C	0.0%	0.1%	0.0%
NSIT	D	0.01%	0.19%	0.01%
NTRA	C	0.01%	0.17%	0.01%
NUVL	C	0.02%	0.14%	0.02%
NVDA	D	0.08%	1.49%	0.08%
NVR	B	0.05%	0.25%	0.05%
OCUL	C	0.0%	0.07%	0.0%
OLMA	D	0.0%	0.06%	0.0%
OMF	D	0.02%	0.21%	0.02%
ONTO	D	0.0%	0.29%	0.0%
ORI	B	0.04%	0.1%	0.04%
ORIC	D	0.0%	0.09%	0.0%
OSCR	B	0.0%	0.2%	0.0%
PCVX	C	0.05%	0.21%	0.05%
PFSI	C	0.02%	0.03%	0.02%
PGR	B	0.22%	0.89%	0.22%
PH	B	0.03%	0.51%	0.03%
PHM	B	0.07%	0.34%	0.07%
PLAY	F	0.0%	0.08%	0.0%
PNTG	B	0.0%	0.04%	0.0%
PRG	A	0.01%	0.03%	0.01%
PSTG	F	0.01%	0.07%	0.01%
PTC	D	0.0%	0.06%	0.0%
PTGX	C	0.01%	0.1%	0.01%
PWR	B	0.02%	0.08%	0.02%
QCOM	D	0.14%	0.29%	0.14%
RDN	C	0.01%	0.07%	0.01%
RDNT	B	0.07%	0.08%	0.07%
RGA	C	0.06%	0.07%	0.06%
RKT	C	0.03%	0.06%	0.03%
RNA	D	0.01%	0.17%	0.01%
ROST	C	0.03%	0.1%	0.03%
RS	D	0.03%	0.13%	0.03%
RVMD	C	0.03%	0.14%	0.03%
RYTM	B	0.01%	0.11%	0.01%
SANA	F	0.01%	0.06%	0.01%
SCHW	D	0.07%	0.15%	0.07%
SCSC	D	0.04%	0.02%	0.02%
SFM	B	0.0%	0.34%	0.0%
SHW	B	0.04%	0.25%	0.04%
SIGA	D	0.0%	0.08%	0.0%
SMCI	F	0.02%	0.27%	0.02%
SMMT	C	0.03%	0.4%	0.03%
SNPS	F	0.02%	0.04%	0.02%
SPB	C	0.28%	0.06%	0.06%
SPRY	C	0.0%	0.06%	0.0%
SRRK	F	0.01%	0.1%	0.01%
STC	B	0.02%	0.21%	0.02%
STEP	B	0.0%	0.05%	0.0%
SVRA	D	0.0%	0.06%	0.0%
SWTX	F	0.02%	0.08%	0.02%
TARS	C	0.01%	0.1%	0.01%
TDS	C	0.03%	0.11%	0.03%
THC	A	0.3%	0.12%	0.12%
TJX	B	0.06%	0.29%	0.06%
TMHC	A	0.03%	0.14%	0.03%
TNC	F	0.01%	0.12%	0.01%
TNDM	C	0.04%	0.06%	0.04%
TOL	B	0.05%	0.28%	0.05%
TPG	B	0.02%	0.19%	0.02%
TPH	C	0.02%	0.05%	0.02%
TWST	D	0.01%	0.11%	0.01%
UFPT	B	0.01%	0.06%	0.01%
UHAL	A	0.01%	0.03%	0.01%
URBN	F	0.01%	0.03%	0.01%
URI	B	0.01%	0.23%	0.01%
UVE	C	0.0%	0.06%	0.0%
UWMC	D	0.01%	0.09%	0.01%
VCEL	D	0.01%	0.05%	0.01%
VCTR	B	0.0%	0.19%	0.0%
VERA	C	0.01%	0.16%	0.01%
VIRT	C	0.0%	0.06%	0.0%
VKTX	C	0.04%	0.17%	0.04%
VNT	F	0.01%	0.12%	0.01%
VRT	C	0.01%	0.31%	0.01%
VRTX	D	0.6%	0.19%	0.19%
WAL	B	0.01%	0.02%	0.01%
WDC	D	0.1%	0.2%	0.1%
WFC	D	0.41%	0.95%	0.41%
WMS	D	0.02%	0.14%	0.02%
WRB	C	0.04%	0.1%	0.04%
WSO	C	0.02%	0.09%	0.02%
WTFC	C	0.01%	0.05%	0.01%
WTS	C	0.02%	0.06%	0.02%
YMAB	C	0.0%	0.11%	0.0%
ZEUS	F	0.0%	0.05%	0.0%

HKND Overweight 707 Positions Relative to VFMO

Symbol	Grade	Weight
PG	C	4.15%
GOOGL	D	3.6%
JNJ	C	2.19%
AAPL	C	2.14%
ABBV	C	1.96%
DE	B	1.95%
MRK	D	1.81%
PFE	C	1.63%
MOS	F	1.58%
ADM	D	1.58%
CL	D	1.41%
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%
WMT	C	1.07%
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%
GILD	B	0.74%
CMCSA	D	0.66%
AGCO	D	0.65%
DGX	B	0.62%
REGN	C	0.61%
DHR	B	0.59%
IQV	C	0.52%
SJM	C	0.51%
BAC	D	0.51%
INGR	B	0.49%
FDP	C	0.49%
CVS	D	0.45%
ZBH	F	0.44%
ELV	C	0.43%
KVUE	C	0.43%
PEP	C	0.41%
AWK	B	0.38%
CHD	D	0.37%
TMUS	C	0.37%
CAG	C	0.37%
HD	B	0.36%
VLTO	C	0.35%
MS	D	0.34%
GS	C	0.33%
MDLZ	B	0.33%
ISRG	B	0.32%
CNC	D	0.32%
GIS	B	0.31%
BIIB	F	0.3%
DD	B	0.3%
J	C	0.29%
MRNA	F	0.29%
BBY	C	0.28%
HOLX	C	0.28%
HUM	F	0.28%
EW	F	0.28%
K	B	0.26%
FELE	C	0.25%
CLX	C	0.24%
VTRS	D	0.23%
LOW	B	0.23%
KR	C	0.21%
RMD	C	0.21%
UHS	B	0.21%
WBA	F	0.21%
MET	B	0.2%
DOW	D	0.2%
HPE	D	0.19%
DIS	D	0.19%
TFX	C	0.18%
PRU	C	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%
V	C	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%
TGT	C	0.13%
MMC	C	0.13%
DXCM	F	0.13%
HSIC	C	0.13%
MA	B	0.12%
JBL	D	0.12%
ENPH	D	0.12%
RUN	C	0.12%
USB	B	0.12%
BK	B	0.11%
CBRE	A	0.11%
RPRX	C	0.11%
OGN	D	0.11%
AHCO	C	0.11%
FLO	C	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%
BIO	C	0.09%
STT	B	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%
CWT	C	0.08%
EMBC	C	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%
AVB	B	0.07%
DFS	C	0.07%
ADP	B	0.07%
SYF	C	0.07%
MOH	D	0.07%
SYY	D	0.07%
UAN	F	0.07%
AMP	A	0.07%
MMSI	B	0.07%
EQR	B	0.07%
PODD	B	0.07%
LXU	D	0.07%
MASI	F	0.07%
DXC	C	0.07%
PFG	B	0.06%
BRKR	D	0.06%
SNX	D	0.06%
L	C	0.06%
BERY	B	0.06%
FOX	B	0.06%
GMED	D	0.06%
VTR	C	0.06%
MMM	B	0.06%
SRPT	D	0.06%
HAE	F	0.06%
CNMD	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%
GXO	D	0.05%
GPC	D	0.05%
FAF	B	0.05%
KLG	C	0.05%
OMI	D	0.05%
CMI	C	0.05%
SMG	C	0.05%
MAA	B	0.05%
EQH	C	0.05%
MKC	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%
MAR	C	0.05%
EBAY	B	0.05%
WLK	D	0.05%
WM	D	0.05%
PPG	D	0.04%
GPN	D	0.04%
FIS	B	0.04%
AFG	B	0.04%
LKQ	F	0.04%
WMG	D	0.04%
CFG	C	0.04%
EXPE	C	0.04%
RSG	D	0.04%
KDP	B	0.04%
EXAS	C	0.04%
AZO	D	0.04%
ORLY	C	0.04%
NTRS	A	0.04%
TROW	D	0.04%
CTAS	B	0.04%
UNFI	C	0.04%
ADI	C	0.04%
OPCH	C	0.04%
IONS	F	0.04%
AMT	C	0.04%
SWK	B	0.04%
NOVT	D	0.04%
HUN	D	0.04%
ESS	B	0.04%
CINF	C	0.04%
TTC	D	0.04%
AWR	B	0.04%
WHR	D	0.04%
LNC	D	0.04%
ROKU	C	0.04%
JLL	B	0.04%
PEN	D	0.04%
CG	D	0.03%
FAST	C	0.03%
AMED	C	0.03%
OPEN	D	0.03%
CME	C	0.03%
CHE	C	0.03%
APLS	F	0.03%
MCO	B	0.03%
WU	F	0.03%
UNP	C	0.03%
XRX	D	0.03%
VOYA	B	0.03%
ARW	C	0.03%
KBH	A	0.03%
NEO	C	0.03%
ITW	C	0.03%
MIDD	D	0.03%
PLD	C	0.03%
LYV	B	0.03%
ENR	D	0.03%
ON	D	0.03%
SPG	B	0.03%
SANM	D	0.03%
DAR	F	0.03%
OFIX	D	0.03%
FLGT	D	0.03%
TWI	D	0.03%
NSP	F	0.03%
MD	C	0.03%
NWS	D	0.03%
HALO	C	0.03%
HBAN	B	0.03%
SNEX	B	0.03%
IRDM	D	0.03%
ZBRA	B	0.03%
CPT	B	0.03%
RHI	D	0.03%
LBRDA	F	0.03%
UPS	D	0.03%
SPGI	B	0.03%
IVZ	B	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%
NTAP	D	0.03%
UNM	B	0.03%
ITCI	D	0.03%
RF	B	0.03%
GME	F	0.03%
EL	F	0.03%
LPLA	D	0.03%
UDR	C	0.03%
CNXN	B	0.03%
IPG	C	0.03%
SGRY	C	0.03%
R	A	0.02%
ATR	B	0.02%
ULTA	D	0.02%
TTEK	C	0.02%
ARWR	F	0.02%
AVT	C	0.02%
ALGN	D	0.02%
PTCT	C	0.02%
MRVI	C	0.02%
HST	C	0.02%
SRCL	A	0.02%
NATL	D	0.02%
CLDX	C	0.02%
GH	D	0.02%
GL	C	0.02%
BHF	F	0.02%
NWL	C	0.02%
CMA	B	0.02%
CORT	C	0.02%
ADTN	D	0.02%
FCN	D	0.02%
EFX	B	0.02%
AAP	F	0.02%
FOLD	D	0.02%
SMPL	D	0.02%
XRAY	D	0.02%
UTZ	C	0.02%
AMRK	C	0.02%
OTIS	C	0.02%
AXSM	C	0.02%
LECO	F	0.02%
ATRC	C	0.02%
HAIN	D	0.02%
BR	D	0.02%
DOX	C	0.02%
DLR	B	0.02%
CENTA	F	0.02%
ALIT	D	0.02%
MAS	B	0.02%
TXG	D	0.02%
TSCO	C	0.02%
ACAD	F	0.02%
APD	B	0.02%
EA	D	0.02%
MDGL	F	0.02%
NDAQ	A	0.02%
ZG	B	0.02%
IDXX	C	0.02%
COMP	C	0.02%
ADV	C	0.02%
RARE	B	0.02%
CNXC	F	0.02%
ENTG	F	0.02%
LILAK	D	0.02%
ROK	D	0.02%
SWKS	D	0.02%
CCI	C	0.02%
JJSF	C	0.02%
TNET	F	0.02%
AZTA	F	0.02%
PAYX	C	0.02%
AMKR	F	0.02%
GFS	F	0.02%
SSNC	B	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%
CHWY	C	0.02%
WELL	C	0.02%
MCHP	F	0.02%
THG	B	0.02%
FLS	D	0.01%
COTY	F	0.01%
TOST	C	0.01%
KE	F	0.01%
NSC	C	0.01%
FIVE	D	0.01%
PRLB	F	0.01%
ONB	C	0.01%
UBSI	B	0.01%
CMC	D	0.01%
UI	B	0.01%
EXR	B	0.01%
USPH	F	0.01%
DLB	F	0.01%
WH	B	0.01%
NX	F	0.01%
NYT	C	0.01%
YORW	D	0.01%
APAM	C	0.01%
CVCO	A	0.01%
MAT	C	0.01%
BXC	D	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%
SILK	A	0.01%
MC	B	0.01%
WTM	D	0.01%
SCHL	D	0.01%
TYL	C	0.01%
WGO	D	0.01%
ANSS	D	0.01%
SSB	B	0.01%
KNF	B	0.01%
PLUS	A	0.01%
OZK	D	0.01%
IPGP	F	0.01%
SNA	C	0.01%
CRUS	D	0.01%
PB	B	0.01%
UCTT	F	0.01%
TCBI	B	0.01%
BCRX	C	0.01%
DAY	D	0.01%
KIDS	D	0.01%
DIOD	F	0.01%
GSAT	F	0.01%
HMN	D	0.01%
HWC	D	0.01%
ACIW	C	0.01%
RLI	B	0.01%
HGV	F	0.01%
WD	B	0.01%
SYNA	F	0.01%
HAS	B	0.01%
MTN	D	0.01%
LFUS	C	0.01%
UMBF	B	0.01%
AKRO	C	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%
CBSH	C	0.01%
CCRN	F	0.01%
KFRC	D	0.01%
PNFP	B	0.01%
TDC	F	0.01%
TDOC	D	0.01%
NGVT	D	0.01%
VEEV	C	0.01%
WPC	C	0.01%
CFR	C	0.01%
PAYC	D	0.01%
EXLS	B	0.01%
ASIX	C	0.01%
MNKD	C	0.01%
WBS	D	0.01%
XYL	D	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%
VRSN	D	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%
MTCH	C	0.01%
CSX	D	0.01%
KWR	D	0.01%
MSM	D	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%
FNA	F	0.01%
AXNX	B	0.01%
HLI	B	0.01%
RXRX	F	0.01%
UNF	C	0.01%
TTMI	D	0.01%
CRSR	F	0.01%
ALB	D	0.01%
LAMR	B	0.01%
RCM	C	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%
SBAC	C	0.01%
AXTA	B	0.01%
ASTH	B	0.01%
CDNS	D	0.01%
EXPI	C	0.01%
NTLA	F	0.01%
DOC	C	0.01%
LMAT	C	0.01%
AIV	B	0.01%
ACHC	C	0.01%
VNO	C	0.01%
TEX	F	0.01%
ADUS	B	0.01%
CPRX	B	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%
BOKF	B	0.01%
KIM	C	0.01%
ARE	C	0.01%
TRMB	C	0.01%
QRVO	F	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%
SEIC	C	0.01%
STGW	B	0.01%
KEYS	C	0.01%
O	C	0.01%
RRX	C	0.01%
FFIV	B	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%
HHH	C	0.01%
SNV	C	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%
HRMY	B	0.01%
LGF.A	F	0.01%
BZH	B	0.01%
BC	C	0.01%
EVH	C	0.01%
H	C	0.01%
AGL	F	0.01%
KYMR	C	0.01%
SPTN	C	0.01%
PDCO	F	0.01%
ASH	D	0.01%
KO	C	0.01%
PRVA	F	0.01%
NARI	F	0.01%
TRU	B	0.01%
AMG	C	0.01%
ABNB	D	0.01%
BGS	D	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%
VSH	F	0.01%
RGEN	D	0.01%
ERIE	B	0.01%
CNDT	C	0.01%
EEFT	D	0.01%
LGIH	C	0.01%
NXST	D	0.01%
CSGP	D	0.01%
PCRX	F	0.01%
TGTX	C	0.01%
VIR	F	0.01%
FDX	C	0.01%
BBWI	F	0.01%
MYGN	C	0.01%
AKAM	D	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%
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%
PSA	B	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%
APLT	D	0.0%
LYEL	D	0.0%
CTKB	F	0.0%
FORM	F	0.0%
ALGM	F	0.0%
MNMD	F	0.0%
STOK	C	0.0%
PLAB	F	0.0%
COLB	B	0.0%
TW	B	0.0%
MSGS	B	0.0%
ALEC	C	0.0%
AEIS	D	0.0%
NUVB	D	0.0%
WSFS	D	0.0%
NDSN	C	0.0%
PHAT	C	0.0%
BSY	D	0.0%
CNS	B	0.0%
WAFD	C	0.0%
UCBI	B	0.0%
IRON	D	0.0%
MMI	C	0.0%
TTD	B	0.0%
NVEE	F	0.0%
GGG	C	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%
MLYS	D	0.0%
CATY	C	0.0%
ETNB	F	0.0%
CBT	B	0.0%
PLRX	F	0.0%
COGT	C	0.0%
PCTY	C	0.0%
SAFT	D	0.0%
VCYT	B	0.0%
SAVA	C	0.0%
HOMB	B	0.0%
TMCI	F	0.0%
SONO	D	0.0%
ITT	B	0.0%
TRIP	F	0.0%
MODG	F	0.0%
REYN	C	0.0%
TKO	B	0.0%
DCI	C	0.0%
CNA	C	0.0%
ROG	F	0.0%
IMNM	C	0.0%
BBSI	B	0.0%
TYRA	C	0.0%
SFNC	B	0.0%
TKR	D	0.0%
POOL	C	0.0%
PJT	B	0.0%
IEX	D	0.0%
UFCS	D	0.0%
FRT	C	0.0%
DORM	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 331 Positions Relative to VFMO

Symbol	Grade	Weight
META	B	-1.14%
GE	B	-1.09%
CRWD	D	-1.07%
KKR	B	-1.06%
ETN	C	-0.86%
CMG	C	-0.85%
UBER	C	-0.81%
PCAR	D	-0.78%
TT	B	-0.73%
GOOG	D	-0.71%
TDG	B	-0.71%
MPC	F	-0.69%
PSX	F	-0.69%
NU	B	-0.4%
WING	B	-0.39%
SPOT	B	-0.38%
DECK	C	-0.38%
SKYW	C	-0.37%
AWI	B	-0.37%
FANG	D	-0.37%
AROC	D	-0.36%
AGO	C	-0.35%
CAT	B	-0.34%
ALSN	B	-0.34%
CVNA	B	-0.33%
WFRD	F	-0.3%
BPOP	C	-0.3%
DKNG	C	-0.3%
GPOR	D	-0.28%
RCL	B	-0.28%
CUBI	F	-0.28%
FN	D	-0.28%
GM	C	-0.28%
XPO	D	-0.25%
BLBD	D	-0.25%
MSTR	D	-0.24%
SAIA	D	-0.24%
WAB	A	-0.23%
WSM	D	-0.23%
BRBR	C	-0.23%
SFL	F	-0.23%
SSD	D	-0.23%
FTI	D	-0.22%
SKX	D	-0.22%
AZEK	C	-0.22%
HOOD	C	-0.22%
LBRT	D	-0.22%
FBP	C	-0.22%
TNK	F	-0.22%
NTNX	C	-0.22%
GFF	D	-0.21%
PPC	D	-0.21%
ASPN	D	-0.21%
REVG	D	-0.2%
SM	F	-0.2%
HLX	F	-0.2%
TRGP	B	-0.2%
IESC	D	-0.2%
ELF	F	-0.2%
LRN	B	-0.2%
STLD	F	-0.2%
POWL	C	-0.19%
SCCO	D	-0.19%
ESTC	F	-0.19%
MLKN	D	-0.19%
INSW	D	-0.19%
LDOS	B	-0.18%
LMB	B	-0.18%
DPZ	F	-0.18%
RL	C	-0.18%
DHT	D	-0.18%
CELH	F	-0.18%
CSWI	B	-0.17%
TDW	F	-0.17%
WULF	D	-0.17%
PR	F	-0.17%
GWRE	A	-0.17%
BX	B	-0.16%
LIN	B	-0.16%
AXON	B	-0.16%
MOG.A	B	-0.16%
MOD	A	-0.16%
SKWD	C	-0.16%
SLM	D	-0.16%
ACGL	C	-0.16%
ATGE	D	-0.15%
TPC	C	-0.15%
RXST	C	-0.15%
SGBX	F	-0.15%
NAT	D	-0.15%
HQY	C	-0.15%
LNW	B	-0.15%
OC	D	-0.15%
NVT	D	-0.15%
OWL	C	-0.15%
LPG	F	-0.14%
TPX	C	-0.14%
AFRM	C	-0.14%
RSI	C	-0.14%
VLO	F	-0.14%
PSN	B	-0.14%
STRL	B	-0.14%
VITL	D	-0.14%
BLD	D	-0.14%
NR	D	-0.14%
CPRT	D	-0.14%
AMR	F	-0.13%
LII	B	-0.13%
CW	B	-0.13%
CDRE	C	-0.13%
AVAV	C	-0.13%
ZIMV	F	-0.13%
HUMA	D	-0.13%
ROAD	B	-0.13%
DJT	F	-0.13%
EXP	B	-0.13%
CLSK	F	-0.13%
UTI	D	-0.13%
LYFT	D	-0.13%
PTVE	D	-0.13%
CASY	D	-0.13%
TREX	D	-0.12%
FCX	D	-0.12%
BV	C	-0.12%
HCC	F	-0.12%
GIII	C	-0.12%
TREE	C	-0.12%
SCS	D	-0.12%
HUBS	D	-0.12%
ANNX	C	-0.11%
MUSA	D	-0.11%
AMWD	D	-0.11%
ACIC	D	-0.11%
CIFR	F	-0.11%
ATI	D	-0.11%
MATX	B	-0.11%
OFG	C	-0.11%
HY	F	-0.11%
GNK	D	-0.11%
PRI	B	-0.11%
HRTX	F	-0.11%
EVER	D	-0.11%
PRIM	B	-0.11%
RUSHA	C	-0.11%
CMPR	F	-0.11%
GBX	C	-0.1%
MARA	F	-0.1%
CXW	F	-0.1%
NPO	D	-0.1%
REX	D	-0.1%
EU	D	-0.1%
NNBR	D	-0.1%
EGY	D	-0.1%
PLTR	B	-0.1%
AUR	C	-0.1%
MSA	D	-0.1%
WWD	D	-0.1%
BAH	C	-0.1%
MTX	F	-0.1%
COKE	C	-0.1%
GOGL	D	-0.1%
CRS	B	-0.1%
AGM	D	-0.1%
GEO	F	-0.1%
NKTX	F	-0.1%
HNI	C	-0.1%
STNG	D	-0.1%
MSGE	B	-0.09%
DASH	C	-0.09%
SPNT	C	-0.09%
BELFB	B	-0.09%
TMDX	D	-0.09%
UEC	D	-0.09%
CENX	D	-0.09%
SLVM	B	-0.09%
NEU	D	-0.09%
SHAK	C	-0.09%
AM	C	-0.09%
PRMW	B	-0.09%
PETQ	B	-0.09%
TILE	B	-0.09%
FOR	C	-0.09%
GRMN	D	-0.09%
TK	C	-0.09%
CECO	D	-0.09%
METC	F	-0.09%
HCI	C	-0.09%
OII	D	-0.09%
DUOL	B	-0.08%
GRND	C	-0.08%
SXI	C	-0.08%
VECO	F	-0.08%
BASE	F	-0.08%
PNR	B	-0.08%
TROX	F	-0.08%
ACMR	F	-0.08%
ELAN	D	-0.08%
MAX	C	-0.08%
BOH	D	-0.08%
KALV	F	-0.08%
SMTC	C	-0.08%
PRCT	C	-0.08%
OLLI	C	-0.08%
SOUN	D	-0.08%
INOD	D	-0.07%
AMAL	B	-0.07%
OSW	C	-0.07%
UVV	D	-0.07%
PRDO	D	-0.07%
LAUR	C	-0.07%
CHCO	B	-0.07%
APPF	D	-0.07%
KTB	B	-0.07%
WINA	D	-0.07%
PINS	F	-0.07%
PATK	B	-0.07%
HEES	D	-0.07%
WOR	D	-0.07%
ANDE	D	-0.07%
ALKT	D	-0.07%
CDE	C	-0.07%
VSEC	C	-0.07%
ALXO	F	-0.07%
NVRI	D	-0.06%
MTSI	D	-0.06%
AIR	C	-0.06%
WEAV	C	-0.06%
CBOE	C	-0.06%
BAND	D	-0.06%
JOE	C	-0.06%
ACVA	B	-0.06%
CPAY	B	-0.06%
SIG	C	-0.06%
KOP	F	-0.06%
M	F	-0.05%
TGI	F	-0.05%
TRMK	C	-0.05%
ALTR	D	-0.05%
PRK	C	-0.05%
WDFC	C	-0.05%
NTB	C	-0.05%
LZB	C	-0.05%
JELD	D	-0.05%
CENT	F	-0.05%
ARLO	F	-0.05%
PBF	F	-0.05%
FSS	D	-0.05%
CAL	F	-0.05%
ACA	B	-0.05%
CASH	B	-0.05%
PVH	F	-0.05%
AGYS	D	-0.05%
USFD	B	-0.05%
QNST	B	-0.05%
PRM	B	-0.04%
SB	D	-0.04%
BLX	C	-0.04%
MTRN	F	-0.04%
MBI	F	-0.04%
PAG	D	-0.04%
DDS	F	-0.04%
PAR	B	-0.04%
TPB	B	-0.04%
PI	B	-0.04%
AX	D	-0.04%
PACK	D	-0.04%
BALL	C	-0.04%
CMRE	D	-0.04%
IBOC	D	-0.04%
INZY	C	-0.04%
DAKT	D	-0.04%
OCGN	F	-0.04%
OSIS	D	-0.04%
HIMS	D	-0.04%
URGN	F	-0.04%
KTOS	C	-0.04%
MRSN	D	-0.04%
SHOO	B	-0.04%
PFBC	D	-0.04%
VRNS	C	-0.04%
CRDO	D	-0.04%
SPOK	C	-0.04%
PFGC	B	-0.04%
MYRG	F	-0.03%
LYTS	C	-0.03%
TRN	D	-0.03%
MBIN	D	-0.03%
SCVL	B	-0.03%
CHRD	F	-0.03%
EPAC	B	-0.03%
NMIH	B	-0.03%
LOPE	D	-0.03%
NWSA	D	-0.03%
GPI	B	-0.03%
STNE	F	-0.03%
XERS	C	-0.03%
LOB	B	-0.03%
SEMR	D	-0.03%
ARCH	F	-0.03%
MIR	D	-0.03%
CNX	B	-0.03%
CDLX	F	-0.03%
SXC	F	-0.03%
RAMP	F	-0.03%
PARR	F	-0.03%
DXPE	D	-0.03%
EAT	A	-0.03%
ROCK	D	-0.03%
THR	D	-0.03%
GSHD	C	-0.02%
CRMD	B	-0.02%
CCOI	C	-0.02%
PFC	C	-0.02%
AGX	B	-0.02%
USLM	B	-0.02%
CPF	B	-0.02%
FBK	B	-0.02%
CACI	B	-0.02%
PLMR	C	-0.02%
SPNS	D	-0.02%
ATRO	D	-0.02%
KRUS	C	-0.02%
AAON	B	-0.02%
KALU	F	-0.02%
MITK	F	-0.02%
PAGS	F	-0.02%
WRLD	D	-0.02%
LEU	D	-0.02%
ZETA	C	-0.02%
CPS	F	-0.02%
ASC	D	-0.02%