MFUS vs. HKND ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Humankind US Stock ETF (HKND)

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$49.61

Average Daily Volume

7,444

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

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

$33.06

Average Daily Volume

3,697

Number of Holdings ^*

954

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	HKND
30 Days	2.33%	2.63%
60 Days	2.78%	3.11%
90 Days	4.19%	6.01%
12 Months	26.86%	18.88%

462 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in HKND	Overlap
A	C	0.05%	0.15%	0.05%
AAP	F	0.01%	0.02%	0.01%
AAPL	D	0.67%	2.14%	0.67%
ABBV	B	1.34%	1.96%	1.34%
ABM	D	0.04%	0.02%	0.02%
ACI	D	0.01%	0.06%	0.01%
ACM	B	0.04%	0.08%	0.04%
ADBE	D	0.04%	0.05%	0.04%
ADM	D	0.32%	1.58%	0.32%
ADP	A	0.09%	0.07%	0.07%
ADSK	B	0.09%	0.01%	0.01%
AEO	F	0.09%	0.01%	0.01%
AFG	B	0.01%	0.04%	0.01%
AFL	B	0.19%	0.09%	0.09%
AGCO	D	0.02%	0.65%	0.02%
AIG	D	0.42%	0.23%	0.23%
AIT	C	0.02%	0.01%	0.01%
AIZ	C	0.07%	0.12%	0.07%
AJG	A	0.09%	0.04%	0.04%
AKAM	D	0.03%	0.01%	0.01%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.36%	0.22%	0.22%
ALLY	F	0.1%	0.05%	0.05%
AMAT	D	0.44%	0.14%	0.14%
AMED	D	0.01%	0.03%	0.01%
AMG	C	0.05%	0.01%	0.01%
AMGN	B	1.03%	1.08%	1.03%
AMH	B	0.04%	0.03%	0.03%
AMKR	D	0.03%	0.02%	0.02%
AMP	B	0.08%	0.07%	0.07%
AMZN	C	1.27%	0.58%	0.58%
ANET	C	0.12%	0.02%	0.02%
ANF	D	0.26%	0.0%	0.0%
ANSS	D	0.05%	0.01%	0.01%
AOS	D	0.11%	0.01%	0.01%
APAM	C	0.02%	0.01%	0.01%
APG	D	0.03%	0.01%	0.01%
APH	D	0.1%	0.04%	0.04%
APO	C	0.1%	0.02%	0.02%
APP	B	0.03%	0.0%	0.0%
ARES	C	0.09%	0.01%	0.01%
ARW	C	0.07%	0.03%	0.03%
ATR	A	0.07%	0.02%	0.02%
AVGO	C	1.34%	0.1%	0.1%
AVT	D	0.04%	0.02%	0.02%
AVTR	B	0.03%	0.15%	0.03%
AXP	B	0.19%	0.2%	0.19%
AXTA	C	0.02%	0.01%	0.01%
AYI	B	0.07%	0.05%	0.05%
AZO	C	0.3%	0.04%	0.04%
BAC	D	0.39%	0.51%	0.39%
BAX	C	0.04%	0.88%	0.04%
BBWI	F	0.02%	0.01%	0.01%
BBY	B	0.24%	0.28%	0.24%
BC	D	0.06%	0.01%	0.01%
BCC	C	0.06%	0.01%	0.01%
BDX	D	0.09%	1.15%	0.09%
BECN	D	0.01%	0.01%	0.01%
BEN	D	0.04%	0.03%	0.03%
BERY	B	0.06%	0.06%	0.06%
BHE	C	0.01%	0.01%	0.01%
BHF	F	0.03%	0.02%	0.02%
BIIB	F	0.08%	0.3%	0.08%
BK	A	0.27%	0.11%	0.11%
BKNG	B	0.47%	0.06%	0.06%
BKU	C	0.03%	0.01%	0.01%
BLDR	C	0.04%	0.02%	0.02%
BMRN	F	0.02%	0.09%	0.02%
BMY	C	0.28%	0.88%	0.28%
BR	B	0.16%	0.02%	0.02%
BRC	B	0.01%	0.01%	0.01%
BRKR	D	0.03%	0.06%	0.03%
BRO	B	0.13%	0.02%	0.02%
BSX	B	0.19%	0.73%	0.19%
BURL	B	0.03%	0.01%	0.01%
BXP	A	0.02%	0.01%	0.01%
C	D	1.22%	0.39%	0.39%
CACC	F	0.01%	0.01%	0.01%
CADE	C	0.01%	0.01%	0.01%
CAG	B	0.05%	0.37%	0.05%
CAH	B	0.35%	0.31%	0.31%
CARR	A	0.12%	0.0%	0.0%
CBSH	B	0.01%	0.01%	0.01%
CBT	B	0.05%	0.0%	0.0%
CC	F	0.02%	0.01%	0.01%
CDW	D	0.05%	0.08%	0.05%
CE	D	0.07%	0.01%	0.01%
CENTA	D	0.01%	0.02%	0.01%
CFG	C	0.06%	0.04%	0.04%
CG	D	0.02%	0.03%	0.02%
CHD	B	0.07%	0.37%	0.07%
CHE	C	0.06%	0.03%	0.03%
CHTR	D	0.24%	0.17%	0.17%
CI	B	0.14%	1.12%	0.14%
CINF	B	0.02%	0.04%	0.02%
CL	C	0.33%	1.41%	0.33%
CLH	B	0.04%	0.01%	0.01%
CLX	B	0.15%	0.24%	0.15%
CMA	B	0.04%	0.02%	0.02%
CMC	D	0.07%	0.01%	0.01%
CMCSA	D	0.24%	0.66%	0.24%
CME	B	0.2%	0.03%	0.03%
CMI	C	0.11%	0.05%	0.05%
CNM	F	0.01%	0.01%	0.01%
CNO	B	0.04%	0.01%	0.01%
COF	D	0.42%	0.16%	0.16%
COHR	C	0.02%	0.01%	0.01%
COIN	F	0.06%	0.01%	0.01%
COOP	B	0.04%	0.02%	0.02%
COST	B	1.21%	0.11%	0.11%
CPB	B	0.01%	0.08%	0.01%
CPT	B	0.06%	0.03%	0.03%
CR	C	0.01%	0.03%	0.01%
CRBG	D	0.04%	0.06%	0.04%
CRM	D	0.35%	0.07%	0.07%
CRUS	D	0.05%	0.01%	0.01%
CSCO	C	0.42%	0.16%	0.16%
CSL	C	0.01%	0.02%	0.01%
CSX	D	0.08%	0.01%	0.01%
CTAS	B	0.18%	0.04%	0.04%
CTLT	B	0.02%	0.15%	0.02%
CTVA	B	0.03%	1.41%	0.03%
CVS	D	0.8%	0.45%	0.45%
DCI	D	0.04%	0.0%	0.0%
DD	B	0.21%	0.3%	0.21%
DELL	D	0.05%	0.89%	0.05%
DFS	C	0.08%	0.07%	0.07%
DGX	B	0.06%	0.62%	0.06%
DHR	B	0.27%	0.59%	0.27%
DKS	D	0.09%	0.02%	0.02%
DLB	D	0.03%	0.01%	0.01%
DLR	A	0.08%	0.02%	0.02%
DORM	B	0.02%	0.0%	0.0%
DOV	B	0.02%	0.01%	0.01%
DOW	F	0.04%	0.2%	0.04%
DOX	C	0.03%	0.02%	0.02%
DVA	A	0.18%	0.12%	0.12%
DXC	C	0.02%	0.07%	0.02%
EA	C	0.09%	0.02%	0.02%
EBAY	A	0.34%	0.05%	0.05%
ECL	A	0.08%	0.91%	0.08%
EFX	B	0.09%	0.02%	0.02%
EHC	B	0.08%	0.07%	0.07%
ELS	B	0.04%	0.03%	0.03%
ELV	B	0.08%	0.43%	0.08%
EME	A	0.03%	0.02%	0.02%
EMN	A	0.06%	0.01%	0.01%
EMR	D	0.15%	0.03%	0.03%
ENTG	D	0.04%	0.02%	0.02%
EQH	C	0.07%	0.05%	0.05%
EQIX	B	0.03%	0.02%	0.02%
ERIE	B	0.09%	0.01%	0.01%
ESAB	C	0.01%	0.01%	0.01%
ESI	D	0.01%	0.01%	0.01%
EVR	B	0.12%	0.01%	0.01%
EWBC	D	0.02%	0.01%	0.01%
EXEL	A	0.02%	0.04%	0.02%
EXR	A	0.07%	0.01%	0.01%
FAF	A	0.02%	0.05%	0.02%
FAST	C	0.1%	0.03%	0.03%
FCN	C	0.07%	0.02%	0.02%
FCNCA	D	0.05%	0.01%	0.01%
FDS	C	0.05%	0.01%	0.01%
FELE	D	0.01%	0.25%	0.01%
FFIV	A	0.04%	0.01%	0.01%
FHI	B	0.04%	0.01%	0.01%
FHN	C	0.01%	0.01%	0.01%
FICO	A	0.22%	0.01%	0.01%
FIS	A	0.08%	0.04%	0.04%
FITB	B	0.05%	0.04%	0.04%
FIX	B	0.05%	0.01%	0.01%
FL	D	0.05%	0.01%	0.01%
FLO	C	0.04%	0.1%	0.04%
FLS	D	0.02%	0.01%	0.01%
FND	C	0.03%	0.01%	0.01%
FNF	B	0.03%	0.07%	0.03%
FTNT	B	0.06%	0.01%	0.01%
FYBR	C	0.01%	0.04%	0.01%
GAP	F	0.07%	0.02%	0.02%
GDDY	D	0.09%	0.01%	0.01%
GEHC	C	0.02%	0.93%	0.02%
GGG	C	0.04%	0.0%	0.0%
GILD	B	0.78%	0.74%	0.74%
GIS	B	0.11%	0.31%	0.11%
GLW	C	0.2%	0.09%	0.09%
GMED	D	0.02%	0.06%	0.02%
GMS	C	0.03%	0.01%	0.01%
GNRC	D	0.04%	0.01%	0.01%
GNW	B	0.04%	0.03%	0.03%
GOLF	D	0.01%	0.0%	0.0%
GOOGL	D	1.17%	3.6%	1.17%
GPC	D	0.02%	0.05%	0.02%
GS	D	0.45%	0.33%	0.33%
GT	F	0.03%	0.01%	0.01%
GWW	B	0.17%	0.05%	0.05%
H	D	0.01%	0.01%	0.01%
HAE	D	0.02%	0.06%	0.02%
HBAN	B	0.03%	0.03%	0.03%
HCA	A	0.13%	0.96%	0.13%
HD	B	0.39%	0.36%	0.36%
HIG	B	0.06%	0.1%	0.06%
HLI	A	0.08%	0.01%	0.01%
HLT	B	0.08%	0.02%	0.02%
HOLX	B	0.03%	0.28%	0.03%
HPE	F	0.2%	0.19%	0.19%
HPQ	D	0.27%	0.75%	0.27%
HRB	C	0.09%	0.01%	0.01%
HSIC	D	0.03%	0.13%	0.03%
HST	D	0.02%	0.02%	0.02%
HSY	B	0.06%	0.06%	0.06%
HUBB	B	0.08%	0.01%	0.01%
HUN	D	0.01%	0.04%	0.01%
IBKR	B	0.05%	0.02%	0.02%
IBM	A	1.32%	0.25%	0.25%
ICE	B	0.29%	0.03%	0.03%
IDXX	C	0.06%	0.02%	0.02%
IEX	D	0.08%	0.0%	0.0%
IFF	B	0.03%	0.06%	0.03%
INCY	C	0.01%	0.09%	0.01%
INGR	B	0.06%	0.49%	0.06%
INTC	F	0.36%	1.39%	0.36%
INTU	C	0.26%	0.03%	0.03%
INVH	B	0.06%	0.05%	0.05%
IOSP	D	0.01%	0.01%	0.01%
IPG	C	0.07%	0.03%	0.03%
IR	D	0.09%	0.01%	0.01%
IRM	A	0.11%	0.01%	0.01%
IT	B	0.16%	0.03%	0.03%
ITT	C	0.08%	0.0%	0.0%
ITW	B	0.08%	0.03%	0.03%
IVZ	C	0.05%	0.03%	0.03%
JBL	D	0.07%	0.12%	0.07%
JEF	B	0.03%	0.04%	0.03%
JKHY	A	0.1%	0.01%	0.01%
JLL	B	0.05%	0.04%	0.04%
JNJ	B	1.03%	2.19%	1.03%
JNPR	B	0.13%	0.01%	0.01%
JPM	D	0.9%	0.7%	0.7%
JXN	B	0.09%	0.02%	0.02%
K	A	0.1%	0.26%	0.1%
KBH	B	0.04%	0.03%	0.03%
KD	D	0.06%	0.07%	0.06%
KDP	B	0.06%	0.04%	0.04%
KEX	C	0.01%	0.01%	0.01%
KEY	B	0.02%	0.03%	0.02%
KLAC	D	0.23%	0.05%	0.05%
KMB	C	0.16%	0.1%	0.1%
KMPR	D	0.02%	0.02%	0.02%
KO	B	0.6%	0.01%	0.01%
KR	B	0.34%	0.21%	0.21%
L	C	0.08%	0.06%	0.06%
LAMR	A	0.05%	0.01%	0.01%
LANC	D	0.04%	0.01%	0.01%
LECO	D	0.08%	0.02%	0.02%
LEN	B	0.08%	0.14%	0.08%
LLY	C	2.48%	2.04%	2.04%
LNC	D	0.05%	0.04%	0.04%
LOW	B	0.23%	0.23%	0.23%
LPLA	F	0.07%	0.03%	0.03%
LRCX	F	0.27%	0.09%	0.09%
LUMN	C	0.08%	0.1%	0.08%
MA	A	0.79%	0.12%	0.12%
MAN	D	0.04%	0.1%	0.04%
MAR	D	0.11%	0.05%	0.05%
MAS	B	0.06%	0.02%	0.02%
MASI	D	0.02%	0.07%	0.02%
MC	B	0.03%	0.01%	0.01%
MCK	F	0.51%	0.44%	0.44%
MCO	B	0.03%	0.03%	0.03%
MCY	C	0.02%	0.02%	0.02%
MDLZ	B	0.22%	0.33%	0.22%
MET	B	0.36%	0.2%	0.2%
MHO	B	0.05%	0.02%	0.02%
MKC	B	0.08%	0.05%	0.05%
MKL	C	0.03%	0.05%	0.03%
MLI	B	0.06%	0.0%	0.0%
MMC	A	0.19%	0.13%	0.13%
MMM	A	0.41%	0.06%	0.06%
MMS	D	0.06%	0.02%	0.02%
MOH	C	0.03%	0.07%	0.03%
MORN	C	0.03%	0.01%	0.01%
MOS	F	0.04%	1.58%	0.04%
MPWR	C	0.08%	0.01%	0.01%
MRK	D	0.87%	1.81%	0.87%
MSCI	C	0.07%	0.01%	0.01%
MSI	B	0.15%	0.02%	0.02%
MSM	D	0.06%	0.01%	0.01%
MTB	B	0.03%	0.03%	0.03%
MTD	D	0.08%	0.08%	0.08%
MTG	B	0.04%	0.01%	0.01%
MTH	B	0.08%	0.03%	0.03%
MTN	D	0.05%	0.01%	0.01%
MU	F	0.15%	0.1%	0.1%
NBIX	D	0.04%	0.07%	0.04%
NDAQ	B	0.02%	0.02%	0.02%
NDSN	C	0.04%	0.0%	0.0%
NFLX	B	0.44%	0.08%	0.08%
NOW	B	0.37%	0.02%	0.02%
NSIT	C	0.06%	0.01%	0.01%
NSP	F	0.02%	0.03%	0.02%
NTAP	D	0.08%	0.03%	0.03%
NTRS	B	0.02%	0.04%	0.02%
NVDA	D	1.6%	0.08%	0.08%
NVR	B	0.07%	0.05%	0.05%
NWL	C	0.02%	0.02%	0.02%
NXST	D	0.05%	0.01%	0.01%
NYT	C	0.05%	0.01%	0.01%
OGN	C	0.08%	0.11%	0.08%
OMC	B	0.06%	0.05%	0.05%
OMF	D	0.03%	0.02%	0.02%
OMI	D	0.01%	0.05%	0.01%
ONB	C	0.01%	0.01%	0.01%
ORCL	B	1.13%	0.17%	0.17%
ORLY	B	0.18%	0.04%	0.04%
OTIS	C	0.07%	0.02%	0.02%
PANW	C	0.25%	0.01%	0.01%
PAYX	B	0.03%	0.02%	0.02%
PDCO	D	0.03%	0.01%	0.01%
PEP	B	0.62%	0.41%	0.41%
PFE	C	0.53%	1.63%	0.53%
PFG	C	0.01%	0.06%	0.01%
PFSI	B	0.02%	0.02%	0.02%
PG	A	0.88%	4.15%	0.88%
PGR	B	0.5%	0.22%	0.22%
PH	B	0.13%	0.03%	0.03%
PHM	B	0.17%	0.07%	0.07%
PINC	C	0.02%	0.01%	0.01%
PLXS	B	0.02%	0.01%	0.01%
PNC	B	0.1%	0.1%	0.1%
POOL	C	0.07%	0.0%	0.0%
POST	C	0.05%	0.08%	0.05%
PPG	C	0.04%	0.04%	0.04%
PRG	B	0.03%	0.01%	0.01%
PRU	C	0.25%	0.17%	0.17%
PSA	A	0.03%	0.01%	0.01%
PSTG	D	0.03%	0.01%	0.01%
PTC	D	0.05%	0.0%	0.0%
PWR	C	0.13%	0.02%	0.02%
QCOM	D	0.62%	0.14%	0.14%
QRVO	F	0.01%	0.01%	0.01%
R	B	0.06%	0.02%	0.02%
REGN	C	0.45%	0.61%	0.45%
REZI	D	0.02%	0.02%	0.02%
RGA	B	0.05%	0.06%	0.05%
RHI	D	0.02%	0.03%	0.02%
RJF	C	0.01%	0.05%	0.01%
RLI	B	0.03%	0.01%	0.01%
RMD	B	0.13%	0.21%	0.13%
ROP	B	0.06%	0.01%	0.01%
ROST	C	0.07%	0.03%	0.03%
RPRX	C	0.03%	0.11%	0.03%
RS	D	0.08%	0.03%	0.03%
RSG	B	0.13%	0.04%	0.04%
SANM	D	0.05%	0.03%	0.03%
SATS	B	0.01%	0.01%	0.01%
SBAC	B	0.03%	0.01%	0.01%
SBH	C	0.03%	0.01%	0.01%
SCHL	D	0.01%	0.01%	0.01%
SCHW	D	0.16%	0.07%	0.07%
SCI	A	0.06%	0.01%	0.01%
SEE	D	0.06%	0.01%	0.01%
SEIC	C	0.07%	0.01%	0.01%
SEM	D	0.03%	0.1%	0.03%
SF	B	0.01%	0.02%	0.01%
SFM	B	0.19%	0.0%	0.0%
SHW	A	0.21%	0.04%	0.04%
SIGI	C	0.01%	0.01%	0.01%
SJM	C	0.03%	0.51%	0.03%
SMCI	F	0.14%	0.02%	0.02%
SMG	C	0.04%	0.05%	0.04%
SNV	C	0.01%	0.01%	0.01%
SPB	B	0.01%	0.28%	0.01%
SPG	B	0.15%	0.03%	0.03%
SPGI	A	0.06%	0.03%	0.03%
SRCL	A	0.04%	0.02%	0.02%
STC	B	0.02%	0.02%	0.02%
SUI	B	0.05%	0.05%	0.05%
SXT	D	0.02%	0.01%	0.01%
SYF	D	0.29%	0.07%	0.07%
SYNA	F	0.01%	0.01%	0.01%
SYY	C	0.07%	0.07%	0.07%
T	A	1.23%	0.88%	0.88%
TDC	F	0.02%	0.01%	0.01%
TDS	B	0.03%	0.03%	0.03%
TER	D	0.03%	0.01%	0.01%
TEX	D	0.06%	0.01%	0.01%
TFC	D	0.09%	0.1%	0.09%
TFX	B	0.03%	0.18%	0.03%
TGNA	C	0.04%	0.01%	0.01%
TGT	C	0.68%	0.13%	0.13%
THC	B	0.27%	0.3%	0.27%
THG	A	0.04%	0.02%	0.02%
THO	C	0.06%	0.01%	0.01%
THS	C	0.02%	0.02%	0.02%
TJX	B	0.34%	0.06%	0.06%
TKR	D	0.05%	0.0%	0.0%
TMHC	B	0.08%	0.03%	0.03%
TMUS	A	0.31%	0.37%	0.31%
TNET	D	0.01%	0.02%	0.01%
TOL	B	0.1%	0.05%	0.05%
TPH	C	0.05%	0.02%	0.02%
TROW	D	0.08%	0.04%	0.04%
TRV	A	0.32%	0.17%	0.17%
TSCO	B	0.07%	0.02%	0.02%
TTC	D	0.07%	0.04%	0.04%
TTEK	B	0.02%	0.02%	0.02%
TTMI	D	0.01%	0.01%	0.01%
TTWO	D	0.07%	0.01%	0.01%
TW	A	0.05%	0.0%	0.0%
TXN	D	0.21%	0.1%	0.1%
TYL	B	0.08%	0.01%	0.01%
UDR	B	0.03%	0.03%	0.03%
UFPI	C	0.06%	0.01%	0.01%
UHAL	B	0.03%	0.01%	0.01%
UHAL	B	0.01%	0.01%	0.01%
UHS	B	0.09%	0.21%	0.09%
ULTA	D	0.04%	0.02%	0.02%
UNF	B	0.02%	0.01%	0.01%
UNM	B	0.1%	0.03%	0.03%
UNP	B	0.48%	0.03%	0.03%
UPS	D	0.19%	0.03%	0.03%
URBN	D	0.05%	0.01%	0.01%
URI	C	0.09%	0.01%	0.01%
USB	C	0.11%	0.12%	0.11%
UTHR	C	0.16%	0.08%	0.08%
V	A	0.86%	0.16%	0.16%
VIRT	B	0.05%	0.0%	0.0%
VNO	A	0.06%	0.01%	0.01%
VNT	D	0.02%	0.01%	0.01%
VRSK	D	0.2%	0.01%	0.01%
VRSN	D	0.04%	0.01%	0.01%
VRTX	C	0.21%	0.6%	0.21%
VSH	F	0.03%	0.01%	0.01%
VTRS	C	0.13%	0.23%	0.13%
VZ	A	1.01%	0.91%	0.91%
WAFD	B	0.01%	0.0%	0.0%
WAL	B	0.01%	0.01%	0.01%
WAT	C	0.05%	0.06%	0.05%
WBA	F	0.14%	0.21%	0.14%
WBS	D	0.01%	0.01%	0.01%
WCC	D	0.08%	0.01%	0.01%
WDC	D	0.15%	0.1%	0.1%
WELL	B	0.12%	0.02%	0.02%
WFC	F	1.4%	0.41%	0.41%
WGO	D	0.01%	0.01%	0.01%
WH	B	0.03%	0.01%	0.01%
WHR	D	0.04%	0.04%	0.04%
WM	D	0.23%	0.05%	0.05%
WMS	D	0.02%	0.02%	0.02%
WMT	B	1.87%	1.07%	1.07%
WPC	B	0.05%	0.01%	0.01%
WRB	C	0.02%	0.04%	0.02%
WSO	C	0.2%	0.02%	0.02%
WST	F	0.04%	0.06%	0.04%
WTFC	C	0.01%	0.01%	0.01%
WTM	D	0.04%	0.01%	0.01%
WTS	C	0.03%	0.02%	0.02%
WU	F	0.08%	0.03%	0.03%
XRAY	D	0.04%	0.02%	0.02%
XRX	F	0.02%	0.03%	0.02%
XYL	D	0.11%	0.01%	0.01%
ZION	D	0.03%	0.01%	0.01%

MFUS Overweight 318 Positions Relative to HKND

Symbol	Grade	Weight
META	B	2.02%
BRK.A	C	2.01%
GE	A	1.09%
XOM	D	0.99%
CVX	D	0.79%
MPC	F	0.64%
PM	B	0.56%
GM	C	0.56%
VLO	F	0.54%
PSX	F	0.54%
MO	C	0.52%
LMT	B	0.52%
CAT	C	0.41%
MCD	B	0.4%
F	D	0.33%
COP	F	0.3%
VST	C	0.26%
LII	A	0.23%
NOC	B	0.23%
BX	A	0.23%
CMG	C	0.22%
TSN	C	0.22%
UBER	C	0.21%
LYB	F	0.21%
WSM	C	0.21%
LHX	C	0.19%
ACN	C	0.19%
CPRT	F	0.19%
AON	B	0.19%
DPZ	D	0.18%
ETN	C	0.18%
DECK	C	0.17%
MUSA	B	0.17%
GD	B	0.17%
CB	B	0.16%
KHC	C	0.16%
BKR	D	0.16%
CASY	C	0.15%
TDG	B	0.15%
BAH	B	0.14%
KKR	B	0.13%
TRGP	B	0.13%
DUK	B	0.13%
EXC	A	0.12%
IP	B	0.12%
HWM	B	0.12%
STE	B	0.12%
EOG	D	0.11%
RPM	B	0.11%
GPK	A	0.1%
AVY	B	0.1%
YUM	B	0.1%
MRO	D	0.1%
FTI	D	0.1%
CRS	B	0.1%
GPI	B	0.09%
USFD	A	0.09%
SLB	F	0.09%
CHRW	C	0.09%
DASH	C	0.09%
FCX	D	0.09%
CEG	C	0.09%
CACI	B	0.09%
NEM	B	0.09%
NUE	D	0.08%
ALSN	B	0.08%
PCAR	D	0.08%
WMB	A	0.08%
OKE	A	0.08%
RCL	B	0.08%
FOXA	C	0.08%
BWXT	D	0.08%
LDOS	B	0.08%
KMI	B	0.08%
AN	D	0.08%
CW	B	0.08%
LSTR	D	0.08%
TAP	C	0.08%
PNR	A	0.08%
ABG	F	0.07%
CALM	B	0.07%
SLG	B	0.07%
CCK	A	0.07%
OSK	D	0.07%
OC	C	0.07%
NRG	C	0.07%
GLPI	B	0.07%
EXPD	D	0.07%
BALL	C	0.07%
TPX	C	0.06%
MNST	C	0.06%
PK	F	0.06%
SBUX	C	0.06%
HCC	D	0.06%
KSS	F	0.06%
MLM	D	0.06%
X	D	0.06%
SLM	D	0.06%
GNTX	F	0.06%
VMC	D	0.06%
PBF	F	0.06%
CRI	C	0.06%
CNX	B	0.06%
NWSA	D	0.06%
LPX	B	0.06%
ATGE	D	0.05%
CCL	C	0.05%
BWA	F	0.05%
SKYW	C	0.05%
ATI	D	0.05%
WEN	C	0.05%
ROL	B	0.05%
MUR	F	0.05%
PKG	B	0.05%
LOPE	D	0.05%
WTW	B	0.05%
TXRH	D	0.05%
CPAY	C	0.05%
G	B	0.05%
DG	F	0.05%
FLEX	D	0.05%
PEG	A	0.05%
EXP	A	0.05%
KTB	A	0.05%
APLE	D	0.04%
GEO	D	0.04%
LW	D	0.04%
SAIA	D	0.04%
OLN	D	0.04%
HUBG	C	0.04%
RL	B	0.04%
COLD	D	0.04%
GATX	C	0.04%
VC	F	0.04%
HAL	F	0.04%
SON	C	0.04%
AR	D	0.04%
PR	D	0.04%
HEI	A	0.04%
RGLD	B	0.04%
GVA	B	0.04%
RRC	D	0.04%
PVH	D	0.04%
PINS	F	0.04%
SEB	C	0.04%
AGNC	A	0.04%
MOG.A	B	0.04%
BTU	D	0.04%
HXL	F	0.04%
ZTS	B	0.04%
STLD	F	0.04%
BDC	B	0.04%
FANG	F	0.04%
NKE	D	0.04%
STZ	C	0.04%
SIG	C	0.04%
WAB	B	0.04%
NOV	F	0.04%
M	D	0.04%
NFG	A	0.04%
PAG	D	0.04%
CUBE	A	0.04%
SLGN	B	0.04%
MAC	B	0.04%
NEU	C	0.03%
SSD	C	0.03%
DRI	C	0.03%
OKTA	F	0.03%
TXT	D	0.03%
COKE	C	0.03%
HOOD	C	0.03%
VVV	D	0.03%
FR	B	0.03%
NAVI	C	0.03%
DK	F	0.03%
AWI	C	0.03%
PRIM	C	0.03%
YELP	F	0.03%
GBX	C	0.03%
SM	F	0.03%
MDU	B	0.03%
HP	F	0.03%
SHOO	B	0.03%
DBRG	D	0.03%
BFAM	B	0.03%
RUSHA	C	0.03%
BJ	D	0.03%
HBI	B	0.03%
LEA	F	0.03%
TRN	C	0.03%
AVA	B	0.03%
BLD	D	0.03%
MANH	A	0.03%
SLVM	B	0.03%
ACA	C	0.03%
DINO	F	0.03%
MSA	D	0.03%
XPO	D	0.03%
CVLT	B	0.03%
JHG	B	0.03%
ASO	C	0.03%
AES	C	0.03%
AROC	D	0.03%
CPNG	B	0.03%
DDS	D	0.03%
JWN	C	0.03%
OI	D	0.03%
LEG	D	0.02%
ODFL	D	0.02%
VFC	C	0.02%
PARA	F	0.02%
APOG	C	0.02%
HNI	C	0.02%
LXP	B	0.02%
SNDR	B	0.02%
ODP	F	0.02%
ANDE	D	0.02%
CHDN	B	0.02%
OSIS	C	0.02%
SNAP	F	0.02%
GES	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
GWRE	A	0.02%
LBRDK	D	0.02%
XHR	C	0.02%
NTCT	D	0.02%
AA	D	0.02%
PMT	C	0.02%
GHC	C	0.02%
EPC	F	0.02%
KBR	D	0.02%
VSTO	B	0.02%
PSN	B	0.02%
RLJ	F	0.02%
MKTX	C	0.02%
GEF	D	0.02%
HII	D	0.02%
SKX	C	0.02%
AIR	C	0.02%
LNW	B	0.02%
ORA	C	0.02%
CXW	D	0.02%
JBHT	D	0.02%
CHRD	F	0.02%
PNM	B	0.02%
WERN	D	0.02%
DRH	C	0.02%
LZB	C	0.02%
SHO	D	0.02%
HOG	C	0.02%
BKE	B	0.02%
ADNT	F	0.02%
RYN	C	0.02%
NVT	D	0.02%
DLTR	F	0.02%
CTRA	F	0.02%
MATX	C	0.02%
KNX	C	0.01%
SCL	D	0.01%
ARCH	D	0.01%
JAZZ	D	0.01%
LYFT	D	0.01%
KALU	D	0.01%
UAL	C	0.01%
SCCO	D	0.01%
SWN	D	0.01%
ECPG	C	0.01%
MKSI	F	0.01%
TPR	C	0.01%
UVV	D	0.01%
HELE	D	0.01%
HPP	F	0.01%
MTDR	F	0.01%
MLKN	D	0.01%
SWX	C	0.01%
ELAN	D	0.01%
WOR	F	0.01%
JELD	D	0.01%
HRL	C	0.01%
ARCB	D	0.01%
JBGS	B	0.01%
FLR	D	0.01%
LVS	D	0.01%
DTM	B	0.01%
WMK	C	0.01%
DY	C	0.01%
KN	D	0.01%
PECO	B	0.01%
CBRL	F	0.01%
CSGS	C	0.01%
SAIC	B	0.01%
STRA	D	0.01%
CPRI	D	0.01%
CVI	F	0.01%
DEI	A	0.01%
AMWD	C	0.01%
TREX	F	0.01%
WWD	D	0.01%
LAUR	C	0.01%
SAH	D	0.01%
NNI	B	0.01%
RBC	D	0.01%
LAD	C	0.01%
MHK	B	0.01%
LADR	B	0.01%
PSMT	B	0.01%
CWEN	A	0.01%
DAN	F	0.01%
OLLI	C	0.01%
PTEN	F	0.01%
ESNT	B	0.01%
PHIN	C	0.01%
SCS	C	0.01%
DNOW	D	0.01%
EVRG	A	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 493 Positions Relative to HKND

Symbol	Grade	Weight
MSFT	C	-2.3%
DE	B	-1.95%
SYK	B	-1.15%
ABT	B	-1.12%
UNH	C	-0.98%
BG	F	-0.94%
CF	C	-0.91%
TMO	B	-0.89%
FMC	C	-0.74%
IQV	C	-0.52%
FDP	B	-0.49%
ZBH	D	-0.44%
KVUE	B	-0.43%
AWK	A	-0.38%
VLTO	B	-0.35%
MS	D	-0.34%
ISRG	B	-0.32%
CNC	C	-0.32%
J	D	-0.29%
MRNA	F	-0.29%
HUM	F	-0.28%
EW	D	-0.28%
DIS	D	-0.19%
DHI	B	-0.17%
SOLV	C	-0.17%
ZWS	B	-0.16%
FSLR	D	-0.15%
ENOV	F	-0.15%
TSLA	C	-0.15%
DXCM	F	-0.13%
ENPH	D	-0.12%
RUN	C	-0.12%
CBRE	B	-0.11%
AHCO	B	-0.11%
TITN	F	-0.1%
BLK	A	-0.1%
ICUI	B	-0.1%
FTRE	F	-0.1%
BIO	C	-0.09%
STT	B	-0.09%
CRL	D	-0.09%
ILMN	C	-0.09%
ALNY	C	-0.09%
IART	F	-0.08%
ALG	D	-0.08%
ITGR	B	-0.08%
CWT	A	-0.08%
EMBC	C	-0.08%
PYPL	B	-0.08%
CTSH	B	-0.08%
WTRG	D	-0.08%
AVB	B	-0.07%
UAN	D	-0.07%
MMSI	A	-0.07%
EQR	B	-0.07%
PODD	B	-0.07%
LXU	D	-0.07%
RDNT	B	-0.07%
SNX	D	-0.06%
FOX	C	-0.06%
VTR	B	-0.06%
SRPT	F	-0.06%
CNMD	D	-0.06%
AMD	D	-0.06%
WBD	D	-0.06%
TECH	D	-0.06%
GXO	D	-0.05%
KLG	C	-0.05%
MAA	A	-0.05%
PCVX	B	-0.05%
OPK	C	-0.05%
AVNS	B	-0.05%
SQ	D	-0.05%
SJW	C	-0.05%
WLK	D	-0.05%
GPN	C	-0.04%
TNDM	C	-0.04%
LKQ	D	-0.04%
WMG	D	-0.04%
SCSC	D	-0.04%
VKTX	C	-0.04%
EXPE	C	-0.04%
EXAS	C	-0.04%
ORI	B	-0.04%
UNFI	C	-0.04%
ADI	D	-0.04%
OPCH	C	-0.04%
IONS	F	-0.04%
AMT	B	-0.04%
MEDP	D	-0.04%
SWK	B	-0.04%
NOVT	D	-0.04%
ESS	A	-0.04%
AWR	B	-0.04%
ROKU	C	-0.04%
PEN	D	-0.04%
HWKN	C	-0.03%
OPEN	D	-0.03%
APLS	D	-0.03%
VOYA	A	-0.03%
SMMT	C	-0.03%
NEO	C	-0.03%
MIDD	D	-0.03%
PLD	B	-0.03%
LYV	C	-0.03%
ENR	D	-0.03%
ON	D	-0.03%
DAR	F	-0.03%
OFIX	C	-0.03%
RVMD	C	-0.03%
FLGT	D	-0.03%
TWI	D	-0.03%
ENSG	A	-0.03%
MD	C	-0.03%
NWS	D	-0.03%
HALO	B	-0.03%
BBIO	D	-0.03%
SNEX	C	-0.03%
IRDM	D	-0.03%
ZBRA	C	-0.03%
AMRX	B	-0.03%
LBRDA	D	-0.03%
CYTK	D	-0.03%
BPMC	F	-0.03%
LNTH	C	-0.03%
LNN	C	-0.03%
ITCI	D	-0.03%
RF	C	-0.03%
RKT	B	-0.03%
GME	F	-0.03%
EL	F	-0.03%
CNXN	B	-0.03%
SGRY	C	-0.03%
ARWR	F	-0.02%
SNPS	D	-0.02%
PTCT	C	-0.02%
MRVI	C	-0.02%
IOVA	D	-0.02%
NATL	D	-0.02%
CLDX	C	-0.02%
GH	D	-0.02%
GL	C	-0.02%
SWTX	D	-0.02%
CORT	B	-0.02%
ADTN	F	-0.02%
FOLD	D	-0.02%
SMPL	D	-0.02%
GKOS	D	-0.02%
UTZ	C	-0.02%
TPG	B	-0.02%
AMRK	C	-0.02%
CRNX	C	-0.02%
AXSM	C	-0.02%
ATRC	D	-0.02%
HAIN	D	-0.02%
ALIT	D	-0.02%
TXG	D	-0.02%
INSM	D	-0.02%
ACAD	F	-0.02%
APD	B	-0.02%
CCS	B	-0.02%
MDGL	F	-0.02%
ZG	B	-0.02%
COMP	B	-0.02%
ADV	C	-0.02%
RARE	B	-0.02%
CNXC	D	-0.02%
BKD	D	-0.02%
LILAK	C	-0.02%
ROK	D	-0.02%
KRYS	D	-0.02%
SWKS	F	-0.02%
CCI	B	-0.02%
JJSF	D	-0.02%
AZTA	D	-0.02%
GFS	F	-0.02%
SSNC	A	-0.02%
USM	B	-0.02%
KELYA	D	-0.02%
SIRI	C	-0.02%
CHWY	C	-0.02%
NUVL	B	-0.02%
MCHP	D	-0.02%
COTY	D	-0.01%
ABCB	B	-0.01%
TOST	C	-0.01%
KE	F	-0.01%
SRRK	F	-0.01%
NSC	C	-0.01%
FIVE	D	-0.01%
PRLB	D	-0.01%
UBSI	C	-0.01%
UI	B	-0.01%
USPH	F	-0.01%
NX	D	-0.01%
YORW	C	-0.01%
CVCO	B	-0.01%
MAT	C	-0.01%
FRPT	B	-0.01%
BXC	D	-0.01%
VZIO	B	-0.01%
SSYS	F	-0.01%
SAGE	F	-0.01%
MIRM	D	-0.01%
RGNX	D	-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	B	-0.01%
SILK	A	-0.01%
SSB	B	-0.01%
KNF	B	-0.01%
PLUS	B	-0.01%
OZK	D	-0.01%
IPGP	F	-0.01%
SNA	B	-0.01%
PB	B	-0.01%
UCTT	F	-0.01%
TCBI	B	-0.01%
BCRX	C	-0.01%
DAY	C	-0.01%
HURN	C	-0.01%
KIDS	C	-0.01%
DIOD	F	-0.01%
GSAT	F	-0.01%
CGEM	D	-0.01%
HMN	C	-0.01%
HWC	D	-0.01%
ASB	D	-0.01%
ACIW	B	-0.01%
HGV	D	-0.01%
WD	B	-0.01%
HAS	B	-0.01%
DAWN	F	-0.01%
GRBK	B	-0.01%
DYN	D	-0.01%
LFUS	D	-0.01%
FDMT	F	-0.01%
UMBF	B	-0.01%
AKRO	C	-0.01%
MDXG	F	-0.01%
TVTX	B	-0.01%
PIPR	B	-0.01%
PII	D	-0.01%
SKY	B	-0.01%
LCII	C	-0.01%
FNB	D	-0.01%
TRUP	B	-0.01%
ACT	A	-0.01%
FG	C	-0.01%
CCRN	F	-0.01%
KURA	C	-0.01%
KFRC	F	-0.01%
PNFP	B	-0.01%
TDOC	D	-0.01%
NGVT	F	-0.01%
VEEV	C	-0.01%
CFR	C	-0.01%
PAYC	D	-0.01%
EXLS	B	-0.01%
CRVL	B	-0.01%
ASIX	C	-0.01%
MNKD	B	-0.01%
CABO	F	-0.01%
VLY	C	-0.01%
PTGX	B	-0.01%
IDT	C	-0.01%
RYAN	C	-0.01%
HTH	C	-0.01%
BEAM	F	-0.01%
IMVT	D	-0.01%
MTCH	C	-0.01%
KWR	D	-0.01%
TARS	C	-0.01%
RDN	C	-0.01%
IRT	A	-0.01%
ENS	D	-0.01%
SITE	D	-0.01%
FNA	F	-0.01%
AXNX	B	-0.01%
RXRX	F	-0.01%
AGIO	D	-0.01%
CRSR	F	-0.01%
ALB	D	-0.01%
RCM	C	-0.01%
ADMA	C	-0.01%
SNDX	F	-0.01%
IAC	C	-0.01%
VSAT	F	-0.01%
EWTX	D	-0.01%
ASTH	B	-0.01%
ANIP	F	-0.01%
CDNS	D	-0.01%
EXPI	C	-0.01%
DFH	C	-0.01%
NTLA	F	-0.01%
INVA	B	-0.01%
DOC	B	-0.01%
LMAT	B	-0.01%
SANA	F	-0.01%
ARDX	D	-0.01%
AIV	B	-0.01%
TNC	D	-0.01%
ACHC	C	-0.01%
RNA	D	-0.01%
NMRK	B	-0.01%
ADUS	B	-0.01%
CPRX	B	-0.01%
KFY	B	-0.01%
TNL	F	-0.01%
JBSS	F	-0.01%
RCKT	F	-0.01%
GERN	D	-0.01%
BGC	B	-0.01%
COLL	C	-0.01%
BOKF	B	-0.01%
KIM	B	-0.01%
ARE	B	-0.01%
TRMB	C	-0.01%
ICFI	B	-0.01%
VRT	C	-0.01%
CIEN	C	-0.01%
IRWD	F	-0.01%
NVST	D	-0.01%
FTV	C	-0.01%
DVAX	D	-0.01%
TWST	D	-0.01%
STGW	B	-0.01%
NHC	D	-0.01%
KEYS	C	-0.01%
O	B	-0.01%
RRX	C	-0.01%
CSTL	B	-0.01%
XNCR	C	-0.01%
PBH	B	-0.01%
LGND	C	-0.01%
ARVN	F	-0.01%
CGON	C	-0.01%
VERA	C	-0.01%
HHH	C	-0.01%
AME	D	-0.01%
VAC	F	-0.01%
HRMY	B	-0.01%
RYTM	C	-0.01%
LGF.A	D	-0.01%
BZH	B	-0.01%
KROS	C	-0.01%
VCEL	F	-0.01%
EVH	C	-0.01%
AGL	F	-0.01%
KYMR	B	-0.01%
SPTN	C	-0.01%
ASH	D	-0.01%
UWMC	C	-0.01%
PRVA	F	-0.01%
NTRA	B	-0.01%
NARI	F	-0.01%
TRU	A	-0.01%
ABNB	D	-0.01%
BGS	D	-0.01%
HOV	C	-0.01%
NVAX	D	-0.01%
ATEC	F	-0.01%
ASGN	D	-0.01%
ACLX	B	-0.01%
RGEN	F	-0.01%
JANX	C	-0.01%
CNDT	C	-0.01%
EEFT	F	-0.01%
LGIH	C	-0.01%
CSGP	D	-0.01%
PCRX	F	-0.01%
TGTX	B	-0.01%
VIR	F	-0.01%
FDX	C	-0.01%
UFPT	C	-0.01%
MYGN	C	-0.01%
IDYA	F	-0.01%
DNLI	B	-0.01%
EDR	A	-0.01%
MRVL	C	-0.01%
SUPN	D	-0.01%
INSP	C	-0.01%
AMPH	C	-0.01%
EPAM	D	-0.01%
MSEX	C	-0.01%
AMN	F	-0.01%
WDAY	D	-0.01%
BCO	B	-0.01%
SCLX	F	-0.0%
OABI	D	-0.0%
BLFS	B	-0.0%
QTRX	F	-0.0%
PRME	F	-0.0%
ABSI	F	-0.0%
ABUS	C	-0.0%
CELC	F	-0.0%
ALT	D	-0.0%
APLT	D	-0.0%
LYEL	F	-0.0%
ORIC	D	-0.0%
CTKB	F	-0.0%
FORM	F	-0.0%
OLMA	D	-0.0%
LQDA	F	-0.0%
ALGM	D	-0.0%
MNMD	F	-0.0%
STOK	C	-0.0%
PLAB	D	-0.0%
SVRA	F	-0.0%
OSCR	C	-0.0%
COLB	C	-0.0%
SIGA	D	-0.0%
EYPT	F	-0.0%
MSGS	B	-0.0%
CRAI	C	-0.0%
YMAB	C	-0.0%
ALEC	D	-0.0%
AEIS	D	-0.0%
NUVB	D	-0.0%
WSFS	D	-0.0%
PHAT	B	-0.0%
BSY	D	-0.0%
ZEUS	F	-0.0%
CNS	A	-0.0%
SPRY	C	-0.0%
STEP	B	-0.0%
UCBI	B	-0.0%
IRON	D	-0.0%
ITRI	C	-0.0%
DFIN	B	-0.0%
MMI	C	-0.0%
TTD	B	-0.0%
ANAB	C	-0.0%
ARCT	F	-0.0%
NVEE	F	-0.0%
LBPH	D	-0.0%
IBP	C	-0.0%
HSII	C	-0.0%
FHB	C	-0.0%
GBCI	C	-0.0%
VRDN	C	-0.0%
CHH	C	-0.0%
HZO	C	-0.0%
AZZ	D	-0.0%
MLYS	F	-0.0%
CATY	C	-0.0%
ETNB	F	-0.0%
PLRX	F	-0.0%
COGT	C	-0.0%
CBZ	F	-0.0%
PCTY	D	-0.0%
SAFT	C	-0.0%
VCYT	B	-0.0%
GIC	D	-0.0%
SAVA	C	-0.0%
NRIX	B	-0.0%
HOMB	C	-0.0%
TMCI	F	-0.0%
SONO	F	-0.0%
CTS	D	-0.0%
ONTO	D	-0.0%
PLAY	F	-0.0%
TRIP	F	-0.0%
OCUL	C	-0.0%
MODG	F	-0.0%
REYN	C	-0.0%
TKO	B	-0.0%
CNA	C	-0.0%
VCTR	B	-0.0%
ROG	D	-0.0%
IMNM	D	-0.0%
FULT	D	-0.0%
BBSI	B	-0.0%
TYRA	D	-0.0%
SFNC	B	-0.0%
EOLS	C	-0.0%
PJT	C	-0.0%
UFCS	D	-0.0%
GTES	C	-0.0%
FRT	B	-0.0%
UVE	B	-0.0%
PNTG	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%