QUS vs. HKND ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Humankind US Stock ETF (HKND)

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$149.84

Average Daily Volume

32,302

Number of Holdings ^*

588

* 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

$31.77

Average Daily Volume

659

Number of Holdings ^*

964

* may have additional holdings in another (foreign) market

Performance

Period	QUS	HKND
30 Days	2.87%	1.85%
60 Days	4.42%	1.73%
90 Days	7.10%	5.27%
12 Months	23.33%	14.32%

383 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in HKND	Overlap
A	D	0.11%	0.12%	0.11%
AAPL	B	3.39%	2.69%	2.69%
ABBV	B	0.52%	1.95%	0.52%
ABNB	D	0.02%	0.01%	0.01%
ABT	D	0.14%	1.06%	0.14%
ACI	F	0.03%	0.07%	0.03%
ACM	D	0.01%	0.07%	0.01%
ADBE	C	0.86%	0.06%	0.06%
ADI	B	0.16%	0.04%	0.04%
ADM	C	0.1%	1.63%	0.1%
ADP	F	0.45%	0.06%	0.06%
ADSK	C	0.14%	0.01%	0.01%
AFG	D	0.14%	0.03%	0.03%
AFL	A	0.18%	0.08%	0.08%
AIG	C	0.13%	0.22%	0.13%
AIZ	D	0.1%	0.1%	0.1%
AJG	A	0.43%	0.04%	0.04%
AKAM	D	0.16%	0.01%	0.01%
ALB	F	0.02%	0.01%	0.01%
ALGN	F	0.01%	0.02%	0.01%
ALL	D	0.05%	0.2%	0.05%
ALLY	A	0.03%	0.05%	0.03%
ALNY	A	0.08%	0.17%	0.08%
AMAT	C	0.74%	0.2%	0.2%
AMD	C	0.08%	0.07%	0.07%
AME	C	0.02%	0.01%	0.01%
AMGN	B	0.32%	1.09%	0.32%
AMH	C	0.01%	0.03%	0.01%
AMP	B	0.03%	0.07%	0.03%
AMT	B	0.04%	0.04%	0.04%
AMZN	C	0.71%	0.64%	0.64%
ANET	C	0.4%	0.02%	0.02%
ANSS	C	0.01%	0.01%	0.01%
AOS	C	0.03%	0.01%	0.01%
APD	D	0.04%	0.02%	0.02%
APH	B	0.73%	0.05%	0.05%
APO	A	0.02%	0.03%	0.02%
APP	C	0.01%	0.0%	0.0%
ARE	B	0.02%	0.01%	0.01%
ARES	C	0.01%	0.01%	0.01%
AVB	C	0.02%	0.06%	0.02%
AVGO	B	0.65%	0.15%	0.15%
AVTR	D	0.01%	0.13%	0.01%
AWK	C	0.02%	0.37%	0.02%
AXP	B	0.09%	0.2%	0.09%
AZO	C	0.35%	0.04%	0.04%
BAC	A	0.65%	0.55%	0.55%
BAX	D	0.02%	0.79%	0.02%
BBWI	F	0.01%	0.01%	0.01%
BBY	B	0.09%	0.29%	0.09%
BDX	F	0.26%	1.09%	0.26%
BEN	D	0.01%	0.04%	0.01%
BG	B	0.06%	0.99%	0.06%
BIIB	C	0.03%	0.31%	0.03%
BIO	D	0.01%	0.08%	0.01%
BK	A	0.07%	0.11%	0.07%
BKNG	C	0.03%	0.06%	0.03%
BLDR	F	0.06%	0.02%	0.02%
BLK	B	0.37%	0.1%	0.1%
BMRN	C	0.11%	0.1%	0.1%
BMY	F	0.26%	0.85%	0.26%
BR	B	0.03%	0.02%	0.02%
BRO	B	0.01%	0.02%	0.01%
BSX	B	0.04%	0.72%	0.04%
BSY	F	0.0%	0.0%	0.0%
BURL	A	0.01%	0.01%	0.01%
BXP	B	0.01%	0.01%	0.01%
C	B	0.45%	0.42%	0.42%
CAG	F	0.02%	0.33%	0.02%
CAH	F	0.1%	0.3%	0.1%
CARR	B	0.03%	0.0%	0.0%
CBRE	B	0.03%	0.1%	0.03%
CCI	C	0.02%	0.02%	0.02%
CDNS	C	0.33%	0.01%	0.01%
CDW	D	0.25%	0.08%	0.08%
CE	D	0.02%	0.01%	0.01%
CF	F	0.03%	0.88%	0.03%
CFG	A	0.06%	0.04%	0.04%
CG	C	0.01%	0.03%	0.01%
CHD	D	0.15%	0.35%	0.15%
CHTR	D	0.07%	0.2%	0.07%
CI	D	0.26%	1.06%	0.26%
CINF	B	0.03%	0.04%	0.03%
CL	B	0.18%	1.4%	0.18%
CLX	D	0.01%	0.21%	0.01%
CMCSA	F	0.4%	0.64%	0.4%
CME	D	0.21%	0.02%	0.02%
CMI	C	0.14%	0.05%	0.05%
CNC	D	0.1%	0.3%	0.1%
COF	C	0.13%	0.15%	0.13%
COIN	D	0.01%	0.01%	0.01%
COST	C	1.32%	0.12%	0.12%
CPB	B	0.13%	0.08%	0.08%
CPT	B	0.01%	0.03%	0.01%
CRBG	C	0.02%	0.06%	0.02%
CRL	D	0.01%	0.09%	0.01%
CRM	F	0.1%	0.07%	0.07%
CSCO	D	1.17%	0.16%	0.16%
CSGP	F	0.01%	0.01%	0.01%
CSL	B	0.01%	0.02%	0.01%
CSX	C	0.05%	0.01%	0.01%
CTAS	B	0.2%	0.04%	0.04%
CTLT	B	0.01%	0.15%	0.01%
CTSH	C	0.37%	0.08%	0.08%
CTVA	D	0.16%	1.23%	0.16%
CVS	F	0.33%	0.47%	0.33%
DAY	F	0.0%	0.0%	0.0%
DD	B	0.04%	0.3%	0.04%
DE	F	0.1%	1.69%	0.1%
DELL	C	0.07%	0.93%	0.07%
DFS	B	0.06%	0.07%	0.06%
DGX	B	0.05%	0.59%	0.05%
DHI	C	0.17%	0.14%	0.14%
DHR	D	0.09%	0.53%	0.09%
DIS	F	0.16%	0.19%	0.16%
DKS	C	0.02%	0.02%	0.02%
DLR	B	0.03%	0.02%	0.02%
DOC	B	0.01%	0.01%	0.01%
DOV	C	0.02%	0.01%	0.01%
DOW	F	0.08%	0.18%	0.08%
DVA	C	0.01%	0.13%	0.01%
DXCM	D	0.01%	0.12%	0.01%
EA	B	0.28%	0.02%	0.02%
EBAY	B	0.02%	0.05%	0.02%
ECL	A	0.02%	0.92%	0.02%
EFX	C	0.01%	0.02%	0.01%
EL	F	0.02%	0.03%	0.02%
ELS	C	0.0%	0.03%	0.0%
ELV	C	0.41%	0.42%	0.41%
EME	D	0.06%	0.02%	0.02%
EMN	D	0.02%	0.01%	0.01%
EMR	B	0.05%	0.03%	0.03%
ENPH	F	0.04%	0.12%	0.04%
ENTG	B	0.01%	0.02%	0.01%
EPAM	F	0.03%	0.01%	0.01%
EQH	A	0.02%	0.05%	0.02%
EQIX	C	0.02%	0.02%	0.02%
EQR	C	0.02%	0.07%	0.02%
ERIE	D	0.16%	0.01%	0.01%
ESS	B	0.01%	0.04%	0.01%
EW	B	0.18%	0.32%	0.18%
EXAS	F	0.0%	0.03%	0.0%
EXPE	C	0.01%	0.04%	0.01%
EXR	B	0.02%	0.01%	0.01%
FAST	D	0.13%	0.02%	0.02%
FCNCA	B	0.28%	0.01%	0.01%
FDS	D	0.04%	0.01%	0.01%
FDX	B	0.13%	0.02%	0.02%
FFIV	C	0.17%	0.01%	0.01%
FICO	A	0.15%	0.01%	0.01%
FIS	C	0.03%	0.03%	0.03%
FITB	B	0.05%	0.04%	0.04%
FNF	C	0.02%	0.06%	0.02%
FOX	A	0.01%	0.06%	0.01%
FSLR	D	0.04%	0.18%	0.04%
FTNT	D	0.01%	0.01%	0.01%
FTV	D	0.02%	0.01%	0.01%
GDDY	C	0.28%	0.01%	0.01%
GEHC	C	0.03%	0.89%	0.03%
GGG	D	0.04%	0.0%	0.0%
GILD	C	0.34%	0.71%	0.34%
GIS	D	0.27%	0.25%	0.25%
GLW	B	0.12%	0.12%	0.12%
GOOGL	C	1.38%	4.32%	1.38%
GPC	D	0.02%	0.04%	0.02%
GPN	F	0.03%	0.03%	0.03%
GS	A	0.25%	0.35%	0.25%
GWW	D	0.16%	0.05%	0.05%
H	B	0.0%	0.01%	0.0%
HBAN	C	0.04%	0.03%	0.03%
HCA	D	0.06%	0.93%	0.06%
HD	C	0.3%	0.36%	0.3%
HIG	C	0.08%	0.1%	0.08%
HLT	B	0.01%	0.02%	0.01%
HOLX	B	0.07%	0.28%	0.07%
HPE	B	0.07%	0.24%	0.07%
HPQ	C	0.07%	0.91%	0.07%
HSIC	D	0.01%	0.12%	0.01%
HST	D	0.01%	0.01%	0.01%
HSY	D	0.21%	0.06%	0.06%
HUBB	D	0.06%	0.01%	0.01%
HUM	D	0.27%	0.3%	0.27%
IBM	C	0.61%	0.25%	0.25%
ICE	A	0.14%	0.03%	0.03%
IDXX	D	0.15%	0.02%	0.02%
IEX	D	0.04%	0.0%	0.0%
IFF	B	0.02%	0.06%	0.02%
ILMN	D	0.01%	0.09%	0.01%
INCY	B	0.16%	0.1%	0.1%
INTC	D	0.24%	1.67%	0.24%
INTU	C	0.04%	0.03%	0.03%
INVH	C	0.01%	0.05%	0.01%
IPG	F	0.02%	0.03%	0.02%
IQV	D	0.02%	0.48%	0.02%
IR	B	0.02%	0.01%	0.01%
IRM	B	0.01%	0.01%	0.01%
ISRG	B	0.03%	0.36%	0.03%
IT	C	0.12%	0.03%	0.03%
ITW	D	0.25%	0.03%	0.03%
J	C	0.02%	0.3%	0.02%
JBL	F	0.03%	0.12%	0.03%
JKHY	D	0.04%	0.01%	0.01%
JNJ	D	1.65%	2.01%	1.65%
JNPR	B	0.18%	0.01%	0.01%
JPM	B	0.96%	0.71%	0.71%
K	D	0.22%	0.24%	0.22%
KDP	D	0.26%	0.03%	0.03%
KEY	B	0.03%	0.03%	0.03%
KEYS	D	0.25%	0.01%	0.01%
KIM	C	0.02%	0.01%	0.01%
KLAC	B	0.43%	0.07%	0.07%
KMB	A	0.11%	0.11%	0.11%
KO	B	0.89%	0.01%	0.01%
KR	C	0.29%	0.21%	0.21%
KVUE	F	0.03%	0.36%	0.03%
L	C	0.12%	0.05%	0.05%
LEN	C	0.06%	0.12%	0.06%
LKQ	D	0.02%	0.03%	0.02%
LLY	B	2.46%	2.55%	2.46%
LOW	C	0.11%	0.21%	0.11%
LPLA	D	0.07%	0.04%	0.04%
LRCX	C	0.5%	0.13%	0.13%
LYV	C	0.0%	0.03%	0.0%
MA	D	1.54%	0.11%	0.11%
MAA	B	0.01%	0.05%	0.01%
MAR	C	0.01%	0.05%	0.01%
MAS	C	0.01%	0.02%	0.01%
MCHP	D	0.15%	0.03%	0.03%
MCK	C	0.62%	0.51%	0.51%
MCO	A	0.2%	0.03%	0.03%
MDLZ	F	0.24%	0.29%	0.24%
MET	C	0.08%	0.18%	0.08%
MKC	C	0.01%	0.04%	0.01%
MKL	D	0.14%	0.05%	0.05%
MMC	A	0.7%	0.13%	0.13%
MMM	B	0.23%	0.06%	0.06%
MOH	F	0.13%	0.06%	0.06%
MOS	F	0.04%	1.56%	0.04%
MPWR	C	0.11%	0.01%	0.01%
MRK	C	0.64%	1.73%	0.64%
MRNA	D	0.04%	0.3%	0.04%
MRVL	C	0.02%	0.01%	0.01%
MS	A	0.16%	0.36%	0.16%
MSCI	C	0.01%	0.01%	0.01%
MSFT	C	3.19%	2.64%	2.64%
MSI	B	0.53%	0.03%	0.03%
MTB	A	0.06%	0.03%	0.03%
MTCH	D	0.01%	0.01%	0.01%
MTD	D	0.01%	0.07%	0.01%
MU	C	0.1%	0.14%	0.1%
NBIX	B	0.14%	0.08%	0.08%
NDAQ	B	0.01%	0.02%	0.01%
NDSN	D	0.01%	0.0%	0.0%
NFLX	C	0.12%	0.09%	0.09%
NOW	C	0.22%	0.02%	0.02%
NSC	D	0.04%	0.0%	0.0%
NTAP	B	0.19%	0.05%	0.05%
NTRS	B	0.03%	0.04%	0.03%
NVDA	C	2.65%	0.13%	0.13%
NVR	B	0.09%	0.04%	0.04%
O	C	0.04%	0.01%	0.01%
OMC	C	0.07%	0.05%	0.05%
ON	D	0.03%	0.03%	0.03%
ORCL	B	0.45%	0.19%	0.19%
ORLY	C	0.23%	0.04%	0.04%
OTIS	B	0.04%	0.02%	0.02%
PANW	C	0.3%	0.01%	0.01%
PAYC	F	0.02%	0.01%	0.01%
PAYX	F	0.14%	0.02%	0.02%
PCTY	F	0.02%	0.0%	0.0%
PEP	D	1.1%	0.36%	0.36%
PFE	C	0.39%	1.54%	0.39%
PFG	C	0.03%	0.05%	0.03%
PG	D	0.61%	3.98%	0.61%
PGR	B	0.57%	0.21%	0.21%
PH	C	0.03%	0.03%	0.03%
PHM	C	0.09%	0.06%	0.06%
PLD	C	0.08%	0.03%	0.03%
PNC	A	0.14%	0.1%	0.1%
PODD	C	0.0%	0.07%	0.0%
POOL	F	0.04%	0.0%	0.0%
PPG	D	0.03%	0.03%	0.03%
PRU	A	0.08%	0.16%	0.08%
PSA	B	0.13%	0.01%	0.01%
PSTG	B	0.0%	0.01%	0.0%
PTC	C	0.19%	0.0%	0.0%
PWR	D	0.02%	0.02%	0.02%
PYPL	D	0.06%	0.07%	0.06%
QCOM	C	0.74%	0.17%	0.17%
QRVO	B	0.02%	0.01%	0.01%
REG	B	0.01%	0.01%	0.01%
REGN	B	0.37%	0.68%	0.37%
RF	A	0.05%	0.03%	0.03%
RGEN	F	0.0%	0.01%	0.0%
RJF	D	0.03%	0.05%	0.03%
RMD	D	0.08%	0.17%	0.08%
ROK	C	0.1%	0.02%	0.02%
ROKU	D	0.0%	0.04%	0.0%
ROP	C	0.5%	0.01%	0.01%
ROST	A	0.03%	0.03%	0.03%
RPRX	D	0.01%	0.1%	0.01%
RS	C	0.03%	0.03%	0.03%
RSG	A	0.53%	0.04%	0.04%
SBAC	C	0.0%	0.01%	0.0%
SCHW	C	0.07%	0.07%	0.07%
SEIC	C	0.03%	0.01%	0.01%
SHW	C	0.22%	0.04%	0.04%
SJM	F	0.02%	0.48%	0.02%
SMCI	C	0.13%	0.03%	0.03%
SNA	D	0.05%	0.01%	0.01%
SNPS	B	0.34%	0.02%	0.02%
SOLV	F	0.04%	0.12%	0.04%
SPG	B	0.03%	0.03%	0.03%
SPGI	A	0.06%	0.03%	0.03%
SQ	D	0.02%	0.05%	0.02%
SSNC	B	0.01%	0.02%	0.01%
STT	B	0.05%	0.08%	0.05%
SUI	C	0.01%	0.05%	0.01%
SWK	D	0.02%	0.04%	0.02%
SWKS	B	0.06%	0.03%	0.03%
SYF	A	0.05%	0.07%	0.05%
SYK	C	0.05%	1.09%	0.05%
SYY	D	0.05%	0.06%	0.05%
T	B	0.6%	0.86%	0.6%
TECH	D	0.0%	0.06%	0.0%
TER	B	0.07%	0.02%	0.02%
TFC	A	0.14%	0.1%	0.1%
TFX	C	0.01%	0.18%	0.01%
TGT	C	0.1%	0.11%	0.1%
TJX	A	0.55%	0.07%	0.07%
TMO	D	0.12%	0.78%	0.12%
TMUS	B	0.63%	0.41%	0.41%
TOST	D	0.0%	0.0%	0.0%
TRMB	C	0.01%	0.01%	0.01%
TROW	B	0.1%	0.04%	0.04%
TRU	B	0.01%	0.01%	0.01%
TRV	D	0.39%	0.15%	0.15%
TSCO	D	0.09%	0.02%	0.02%
TSLA	C	0.22%	0.23%	0.22%
TTC	C	0.03%	0.05%	0.03%
TTD	C	0.0%	0.0%	0.0%
TTWO	F	0.01%	0.01%	0.01%
TW	D	0.06%	0.0%	0.0%
TXN	B	1.11%	0.1%	0.1%
TYL	B	0.01%	0.01%	0.01%
UDR	B	0.01%	0.03%	0.01%
UHAL	D	0.01%	0.01%	0.01%
UHS	B	0.02%	0.22%	0.02%
ULTA	D	0.09%	0.01%	0.01%
UNH	D	1.95%	0.91%	0.91%
UNP	D	0.08%	0.02%	0.02%
UPS	F	0.12%	0.03%	0.03%
URI	C	0.03%	0.01%	0.01%
USB	B	0.14%	0.12%	0.12%
UTHR	B	0.09%	0.09%	0.09%
V	F	1.76%	0.15%	0.15%
VEEV	D	0.08%	0.01%	0.01%
VLTO	D	0.08%	0.34%	0.08%
VRSK	B	0.16%	0.01%	0.01%
VRSN	D	0.23%	0.01%	0.01%
VRT	D	0.01%	0.01%	0.01%
VRTX	A	0.62%	0.67%	0.62%
VTR	A	0.02%	0.06%	0.02%
VTRS	C	0.04%	0.24%	0.04%
VZ	B	0.85%	0.9%	0.85%
WAT	D	0.06%	0.05%	0.05%
WBA	F	0.09%	0.16%	0.09%
WBD	F	0.1%	0.06%	0.06%
WDAY	F	0.14%	0.01%	0.01%
WDC	B	0.02%	0.11%	0.02%
WELL	B	0.03%	0.02%	0.02%
WFC	B	0.43%	0.41%	0.41%
WLK	D	0.01%	0.05%	0.01%
WM	B	0.53%	0.05%	0.05%
WMT	B	0.81%	1.11%	0.81%
WPC	C	0.01%	0.01%	0.01%
WRB	D	0.11%	0.04%	0.04%
WSO	B	0.05%	0.02%	0.02%
WST	D	0.07%	0.06%	0.06%
WTRG	C	0.01%	0.08%	0.01%
XYL	D	0.02%	0.01%	0.01%
ZBH	F	0.02%	0.41%	0.02%
ZBRA	B	0.01%	0.03%	0.01%

QUS Overweight 205 Positions Relative to HKND

Symbol	Grade	Weight
META	C	2.27%
GOOG	C	1.28%
ACN	D	1.08%
BRK.A	C	1.01%
XOM	D	0.83%
LMT	D	0.67%
CB	D	0.61%
CAT	D	0.58%
CVX	D	0.57%
DUK	B	0.57%
WCN	B	0.55%
NOC	F	0.52%
HON	B	0.52%
SO	B	0.51%
MCD	D	0.46%
ED	D	0.41%
MPC	F	0.38%
ACGL	D	0.38%
NKE	F	0.3%
FANG	B	0.28%
TSN	D	0.28%
GM	B	0.28%
ZTS	C	0.26%
CBOE	F	0.26%
CMG	D	0.25%
WEC	D	0.24%
TT	A	0.23%
BAH	B	0.22%
NEM	A	0.21%
KHC	D	0.2%
F	B	0.2%
TDY	D	0.19%
UBER	C	0.19%
YUM	F	0.19%
VLO	D	0.18%
EG	C	0.18%
ROL	C	0.18%
AEP	C	0.18%
COP	D	0.18%
TEL	A	0.18%
RTX	D	0.17%
PSX	D	0.17%
GRMN	C	0.17%
AON	C	0.17%
EOG	B	0.16%
LIN	C	0.16%
XEL	D	0.16%
WTW	B	0.14%
CPRT	B	0.14%
MDT	D	0.14%
OXY	D	0.13%
MNST	D	0.12%
ODFL	C	0.12%
WMB	B	0.12%
LULU	F	0.12%
D	C	0.12%
GE	D	0.11%
PM	A	0.1%
NEE	C	0.1%
AEE	C	0.09%
DTE	C	0.09%
HUBS	F	0.08%
NUE	D	0.08%
CRWD	C	0.08%
DECK	D	0.08%
CMS	D	0.08%
DPZ	D	0.08%
HRL	F	0.08%
APA	D	0.07%
MANH	C	0.07%
WSM	C	0.07%
PKG	C	0.07%
EXPD	B	0.07%
STX	B	0.07%
GD	D	0.07%
LYB	F	0.06%
DVN	D	0.06%
MO	A	0.06%
SLB	D	0.06%
MELI	B	0.06%
ETN	C	0.05%
LNG	B	0.05%
EXC	D	0.05%
SBUX	F	0.05%
PCG	C	0.05%
TPL	B	0.05%
KMI	A	0.05%
FCX	C	0.05%
PCAR	D	0.05%
SRE	B	0.05%
ETR	D	0.04%
OVV	D	0.04%
BKR	B	0.04%
NXPI	B	0.04%
LW	F	0.04%
KNX	C	0.04%
DG	D	0.04%
MRO	B	0.04%
STLD	C	0.04%
EIX	C	0.04%
LHX	A	0.04%
JCI	C	0.04%
OKE	A	0.04%
LNT	B	0.04%
JBHT	D	0.04%
NRG	D	0.03%
GEV	B	0.03%
ES	C	0.03%
WY	D	0.03%
WRK	C	0.03%
CLF	F	0.03%
APTV	F	0.03%
KMX	C	0.03%
LSCC	F	0.03%
CEG	C	0.03%
DLTR	F	0.03%
PARA	D	0.03%
IP	C	0.03%
DINO	F	0.03%
CHK	D	0.03%
KKR	B	0.03%
HAL	F	0.03%
BA	D	0.03%
VICI	C	0.03%
ATO	B	0.03%
ALLE	C	0.03%
BX	B	0.03%
CTRA	D	0.03%
PEG	B	0.03%
VST	C	0.02%
NI	A	0.02%
HII	D	0.02%
LDOS	B	0.02%
TAP	F	0.02%
BALL	D	0.02%
AMCR	D	0.02%
AES	D	0.02%
MLM	D	0.02%
VMC	C	0.02%
STZ	B	0.02%
FOXA	A	0.02%
OC	C	0.02%
CHRW	C	0.02%
TRGP	A	0.02%
EVRG	C	0.02%
CNP	D	0.02%
CHRD	D	0.02%
WAB	D	0.02%
TXT	C	0.02%
PPL	D	0.02%
FE	C	0.02%
MKTX	D	0.02%
EQT	D	0.02%
HES	D	0.02%
CNH	F	0.02%
PINS	D	0.01%
RIVN	C	0.01%
OKTA	D	0.01%
DASH	F	0.01%
LII	B	0.01%
DAL	D	0.01%
GLPI	B	0.01%
TWLO	F	0.01%
RCL	B	0.01%
ZM	F	0.01%
MGM	C	0.01%
RPM	D	0.01%
HWM	D	0.01%
PNR	D	0.01%
CCL	C	0.01%
TDG	D	0.01%
NWSA	A	0.01%
CPAY	C	0.01%
STE	D	0.01%
CCK	D	0.01%
CZR	D	0.01%
AVY	D	0.01%
DRI	F	0.01%
MDB	F	0.0%
CELH	F	0.0%
IOT	C	0.0%
TEAM	D	0.0%
ZS	C	0.0%
CFLT	F	0.0%
PATH	F	0.0%
U	F	0.0%
NET	C	0.0%
DOCU	D	0.0%
RBLX	C	0.0%
DT	F	0.0%
DKNG	F	0.0%
MSTR	D	0.0%
DDOG	C	0.0%
AXON	D	0.0%
WYNN	F	0.0%
SNOW	F	0.0%
HEI	B	0.0%
LVS	F	0.0%
LUV	D	0.0%
ETSY	F	0.0%
PLTR	B	0.0%
SNAP	C	0.0%
HEI	B	0.0%
HOOD	C	0.0%
Z	C	0.0%

QUS Underweight 581 Positions Relative to HKND

Symbol	Grade	Weight
FMC	F	-0.66%
AGCO	F	-0.55%
INGR	D	-0.45%
FDP	D	-0.42%
THC	B	-0.32%
SPB	D	-0.26%
FELE	C	-0.24%
RUN	D	-0.15%
ZWS	D	-0.14%
ENOV	F	-0.13%
AHCO	D	-0.11%
ICUI	C	-0.11%
FTRE	F	-0.1%
IART	D	-0.1%
OGN	C	-0.1%
SEM	A	-0.1%
MAN	F	-0.09%
DXC	D	-0.08%
POST	B	-0.08%
RDNT	B	-0.08%
LUMN	F	-0.08%
FLO	F	-0.08%
ALG	F	-0.07%
TITN	F	-0.07%
EHC	B	-0.07%
CWT	C	-0.07%
MASI	F	-0.07%
MMSI	B	-0.07%
UAN	D	-0.07%
ITGR	C	-0.07%
SRPT	C	-0.07%
INSM	A	-0.06%
HAE	C	-0.06%
RGA	A	-0.06%
EMBC	D	-0.06%
LXU	F	-0.06%
GMED	A	-0.06%
KD	C	-0.06%
SMG	D	-0.05%
WHR	C	-0.05%
BRKR	F	-0.05%
AVNS	C	-0.05%
MEDP	B	-0.05%
LNC	B	-0.05%
SJW	D	-0.05%
EXEL	B	-0.05%
IONS	C	-0.05%
OPK	D	-0.05%
CNMD	F	-0.05%
SNX	D	-0.05%
BERY	C	-0.05%
CR	C	-0.04%
HALO	B	-0.04%
OMI	F	-0.04%
TOL	C	-0.04%
PCVX	B	-0.04%
UNFI	D	-0.04%
GME	C	-0.04%
BPMC	B	-0.04%
PEN	F	-0.04%
ITCI	B	-0.04%
CHWY	C	-0.04%
AWR	C	-0.04%
FAF	D	-0.04%
JEF	A	-0.04%
AYI	D	-0.04%
NOVT	C	-0.04%
GXO	D	-0.04%
JLL	A	-0.04%
ARW	D	-0.03%
IRDM	F	-0.03%
MD	F	-0.03%
GFS	C	-0.03%
ABM	B	-0.03%
ENR	C	-0.03%
NSP	F	-0.03%
AMED	A	-0.03%
RHI	F	-0.03%
MDGL	B	-0.03%
DAR	F	-0.03%
MIDD	D	-0.03%
NEO	D	-0.03%
CERE	D	-0.03%
HWKN	B	-0.03%
USM	B	-0.03%
OFIX	C	-0.03%
TDS	C	-0.03%
FLGT	F	-0.03%
ENSG	B	-0.03%
SMMT	C	-0.03%
CYTK	D	-0.03%
AMRX	A	-0.03%
LNTH	B	-0.03%
VKTX	D	-0.03%
TMHC	C	-0.03%
SNEX	B	-0.03%
SIRI	D	-0.03%
RKT	C	-0.03%
SANM	A	-0.03%
SGRY	D	-0.03%
IVZ	C	-0.03%
CNXN	D	-0.03%
NWS	A	-0.03%
LBRDA	D	-0.03%
LNN	F	-0.03%
RVMD	B	-0.03%
UNM	D	-0.03%
SCSC	D	-0.03%
AMKR	B	-0.03%
HUN	D	-0.03%
KLG	F	-0.03%
FYBR	B	-0.03%
OPCH	D	-0.03%
ORI	C	-0.03%
TNDM	C	-0.03%
WMG	F	-0.03%
CENTA	D	-0.02%
MCY	D	-0.02%
CMA	A	-0.02%
UFPT	B	-0.02%
BCO	B	-0.02%
IBKR	D	-0.02%
EVR	A	-0.02%
PTCT	D	-0.02%
ALIT	F	-0.02%
MHO	C	-0.02%
BHF	D	-0.02%
AVT	C	-0.02%
SMPL	D	-0.02%
NATL	C	-0.02%
ATRC	D	-0.02%
ARWR	C	-0.02%
TPG	C	-0.02%
LECO	F	-0.02%
CCS	C	-0.02%
COOP	B	-0.02%
FCN	C	-0.02%
CRNX	B	-0.02%
AGL	D	-0.02%
AXSM	C	-0.02%
DOX	D	-0.02%
TPH	B	-0.02%
CORT	C	-0.02%
PFSI	A	-0.02%
ADTN	D	-0.02%
OPEN	F	-0.02%
OMF	C	-0.02%
FOLD	D	-0.02%
SRCL	B	-0.02%
RARE	C	-0.02%
GKOS	A	-0.02%
CNXC	D	-0.02%
WTS	D	-0.02%
ZG	C	-0.02%
BBIO	F	-0.02%
WMS	D	-0.02%
XRX	F	-0.02%
BKD	B	-0.02%
NUVL	C	-0.02%
ADV	D	-0.02%
KELYA	F	-0.02%
GH	C	-0.02%
THG	D	-0.02%
TNET	F	-0.02%
ACAD	D	-0.02%
MTH	C	-0.02%
AAP	F	-0.02%
REZI	D	-0.02%
APLS	F	-0.02%
THS	D	-0.02%
TWI	F	-0.02%
JJSF	C	-0.02%
LILAK	A	-0.02%
JXN	B	-0.02%
KMPR	B	-0.02%
GNW	D	-0.02%
CHE	F	-0.02%
SF	B	-0.02%
MMS	B	-0.02%
WU	D	-0.02%
KBH	B	-0.02%
AZTA	D	-0.02%
GPS	C	-0.02%
VOYA	D	-0.02%
KRYS	B	-0.02%
COTY	F	-0.01%
ABCB	A	-0.01%
TARS	D	-0.01%
PNTG	A	-0.01%
KE	D	-0.01%
ONB	A	-0.01%
NRIX	B	-0.01%
PRLB	D	-0.01%
BXC	F	-0.01%
PGNY	D	-0.01%
CMC	C	-0.01%
TDOC	F	-0.01%
DLB	D	-0.01%
ELVN	B	-0.01%
DBX	F	-0.01%
FRPT	C	-0.01%
YORW	C	-0.01%
WH	C	-0.01%
UI	C	-0.01%
MTN	F	-0.01%
OZK	C	-0.01%
AEO	D	-0.01%
BRX	B	-0.01%
PJT	B	-0.01%
ONTO	C	-0.01%
TCBI	B	-0.01%
SSB	B	-0.01%
FIX	D	-0.01%
PLUS	D	-0.01%
FOUR	C	-0.01%
VZIO	B	-0.01%
BKU	B	-0.01%
PB	C	-0.01%
SSYS	F	-0.01%
SANA	F	-0.01%
RLI	D	-0.01%
CADE	B	-0.01%
DNA	F	-0.01%
FDMT	D	-0.01%
NGVT	F	-0.01%
SCHL	D	-0.01%
NYT	B	-0.01%
KIDS	D	-0.01%
HMN	D	-0.01%
KNF	C	-0.01%
SAGE	D	-0.01%
ASB	C	-0.01%
WD	C	-0.01%
DAWN	C	-0.01%
HAS	D	-0.01%
MDXG	D	-0.01%
SKY	C	-0.01%
MC	B	-0.01%
HGV	C	-0.01%
TRUP	C	-0.01%
VNT	C	-0.01%
GRBK	A	-0.01%
HWC	A	-0.01%
IPGP	D	-0.01%
PII	F	-0.01%
UMBF	A	-0.01%
URBN	A	-0.01%
LCII	D	-0.01%
SITE	F	-0.01%
LBPH	B	-0.01%
BCRX	C	-0.01%
PRG	D	-0.01%
FG	C	-0.01%
FND	F	-0.01%
KURA	C	-0.01%
ACT	B	-0.01%
CC	F	-0.01%
SYNA	F	-0.01%
PNFP	C	-0.01%
VLY	D	-0.01%
GSAT	D	-0.01%
ACIW	A	-0.01%
FNB	A	-0.01%
APG	C	-0.01%
ASIX	F	-0.01%
ANF	C	-0.01%
IDT	D	-0.01%
KFRC	D	-0.01%
TMCI	D	-0.01%
KWR	D	-0.01%
CNM	D	-0.01%
MSM	F	-0.01%
CFR	C	-0.01%
LFUS	C	-0.01%
ARDX	F	-0.01%
CCRN	F	-0.01%
CBSH	B	-0.01%
HURN	C	-0.01%
XNCR	F	-0.01%
CABO	F	-0.01%
SILK	A	-0.01%
WBS	C	-0.01%
TVTX	C	-0.01%
TDC	D	-0.01%
RXRX	F	-0.01%
DFH	F	-0.01%
IMVT	D	-0.01%
CSTL	F	-0.01%
AKRO	C	-0.01%
EXLS	B	-0.01%
MNKD	B	-0.01%
DIOD	C	-0.01%
CRVL	B	-0.01%
IOSP	D	-0.01%
VSAT	F	-0.01%
HTH	C	-0.01%
IAC	F	-0.01%
MTG	A	-0.01%
FHI	B	-0.01%
FNA	D	-0.01%
CRUS	B	-0.01%
BECN	C	-0.01%
NMRK	B	-0.01%
TGNA	C	-0.01%
PIPR	A	-0.01%
SBH	C	-0.01%
CACC	C	-0.01%
KROS	F	-0.01%
BEAM	D	-0.01%
RDN	B	-0.01%
PTGX	B	-0.01%
BRC	C	-0.01%
BCC	D	-0.01%
RYAN	C	-0.01%
LAMR	C	-0.01%
CRSR	F	-0.01%
EXPI	D	-0.01%
WTFC	B	-0.01%
PINC	F	-0.01%
AXNX	B	-0.01%
SXT	B	-0.01%
UNF	C	-0.01%
NYCB	D	-0.01%
HLI	A	-0.01%
MIRM	A	-0.01%
AXTA	C	-0.01%
ENS	B	-0.01%
ASTH	B	-0.01%
IRT	B	-0.01%
MORN	B	-0.01%
PCRX	F	-0.01%
LANC	D	-0.01%
RCKT	F	-0.01%
TEX	D	-0.01%
EVH	F	-0.01%
ICFI	F	-0.01%
NTLA	D	-0.01%
ARVN	F	-0.01%
RCM	D	-0.01%
BOKF	B	-0.01%
TNC	D	-0.01%
UCTT	B	-0.01%
ANIP	C	-0.01%
INVA	B	-0.01%
CPRX	C	-0.01%
ACHC	F	-0.01%
WAL	B	-0.01%
VERA	D	-0.01%
UFPI	C	-0.01%
JBSS	D	-0.01%
AIV	B	-0.01%
VAC	F	-0.01%
NVST	F	-0.01%
COLL	D	-0.01%
BGC	A	-0.01%
TNL	C	-0.01%
BGS	F	-0.01%
RRX	D	-0.01%
KFY	C	-0.01%
BZH	C	-0.01%
VNO	C	-0.01%
LMAT	A	-0.01%
LGF.A	F	-0.01%
SNDX	B	-0.01%
SPTN	D	-0.01%
EWBC	C	-0.01%
CNDT	C	-0.01%
TTMI	B	-0.01%
GT	F	-0.01%
BC	D	-0.01%
KEX	B	-0.01%
STGW	C	-0.01%
GNRC	C	-0.01%
HRB	C	-0.01%
HOV	C	-0.01%
LGIH	D	-0.01%
CIEN	F	-0.01%
HHH	D	-0.01%
ADMA	B	-0.01%
ADUS	B	-0.01%
DVAX	F	-0.01%
CGON	D	-0.01%
SNV	A	-0.01%
ASGN	D	-0.01%
AGIO	C	-0.01%
PBH	B	-0.01%
INSP	F	-0.01%
CNO	A	-0.01%
IRWD	D	-0.01%
MRVI	D	-0.01%
ASH	D	-0.01%
JANX	D	-0.01%
NVAX	D	-0.01%
AIT	C	-0.01%
BHE	C	-0.01%
THO	D	-0.01%
EWTX	B	-0.01%
ACLX	C	-0.01%
UWMC	C	-0.01%
LGND	B	-0.01%
EEFT	D	-0.01%
CLDX	D	-0.01%
NWL	F	-0.01%
VCEL	C	-0.01%
WCC	D	-0.01%
ESAB	D	-0.01%
IOVA	F	-0.01%
NSIT	C	-0.01%
RYTM	C	-0.01%
GERN	C	-0.01%
CLH	B	-0.01%
SEE	D	-0.01%
AMRK	D	-0.01%
AMG	C	-0.01%
VIR	F	-0.01%
DYN	A	-0.01%
KYMR	C	-0.01%
AMPH	F	-0.01%
NXST	B	-0.01%
NTRA	B	-0.01%
PRVA	D	-0.01%
HRMY	C	-0.01%
NHC	B	-0.01%
DNLI	C	-0.01%
ESI	B	-0.01%
SWTX	D	-0.01%
PDCO	F	-0.01%
ATEC	D	-0.01%
VSH	C	-0.01%
TXG	F	-0.01%
TWST	B	-0.01%
MSEX	D	-0.01%
COMP	C	-0.01%
SUPN	C	-0.01%
FL	D	-0.01%
IDYA	C	-0.01%
HAIN	F	-0.01%
MORF	C	-0.01%
ATR	D	-0.01%
AMN	F	-0.01%
SIGI	D	-0.01%
UTZ	F	-0.01%
PLXS	C	-0.01%
FHN	A	-0.01%
MYGN	B	-0.01%
SCI	C	-0.01%
TTEK	D	-0.01%
ZION	A	-0.01%
COHR	B	-0.01%
TGTX	B	-0.01%
EDR	A	-0.01%
R	C	-0.01%
GL	D	-0.01%
STC	B	-0.01%
RNA	A	-0.01%
XRAY	F	-0.01%
NARI	C	-0.01%
AVTE	F	-0.0%
HLVX	F	-0.0%
SCLX	C	-0.0%
VIRT	D	-0.0%
OABI	D	-0.0%
ZNTL	F	-0.0%
QTRX	F	-0.0%
CABA	F	-0.0%
LYEL	F	-0.0%
ALXO	F	-0.0%
BLFS	C	-0.0%
PRME	F	-0.0%
ALT	D	-0.0%
ABSI	D	-0.0%
ABUS	B	-0.0%
SAVA	F	-0.0%
EYPT	F	-0.0%
OSCR	D	-0.0%
CTKB	D	-0.0%
PHAT	C	-0.0%
CELC	C	-0.0%
ORIC	D	-0.0%
STOK	C	-0.0%
MNMD	D	-0.0%
PLAB	F	-0.0%
PLRX	D	-0.0%
APLT	C	-0.0%
ALEC	D	-0.0%
NUVB	C	-0.0%
ZEUS	F	-0.0%
YMAB	D	-0.0%
ARCT	F	-0.0%
COLB	C	-0.0%
OLMA	C	-0.0%
WAFD	C	-0.0%
ITRI	D	-0.0%
MMI	C	-0.0%
MLYS	C	-0.0%
SVRA	C	-0.0%
CNS	B	-0.0%
MLI	B	-0.0%
PLAY	F	-0.0%
DFIN	D	-0.0%
MSGS	C	-0.0%
CBT	D	-0.0%
HSII	D	-0.0%
UCBI	C	-0.0%
LFST	F	-0.0%
CRAI	B	-0.0%
FIVE	F	-0.0%
WSFS	B	-0.0%
ALGM	C	-0.0%
ETNB	D	-0.0%
SRRK	F	-0.0%
SONO	F	-0.0%
FORM	C	-0.0%
GBCI	C	-0.0%
SAFT	C	-0.0%
IBP	C	-0.0%
VRDN	F	-0.0%
ANAB	B	-0.0%
FHB	B	-0.0%
GIC	F	-0.0%
GOLF	D	-0.0%
NVEE	D	-0.0%
REYN	F	-0.0%
COGT	C	-0.0%
CHH	C	-0.0%
EOLS	D	-0.0%
AEIS	C	-0.0%
IMNM	F	-0.0%
CATY	C	-0.0%
ITT	C	-0.0%
CGEM	D	-0.0%
RCUS	F	-0.0%
RLAY	D	-0.0%
RGNX	F	-0.0%
UFCS	D	-0.0%
HOMB	B	-0.0%
CBZ	C	-0.0%
AZZ	C	-0.0%
UVE	D	-0.0%
SIGA	C	-0.0%
VCTR	C	-0.0%
NX	F	-0.0%
CTS	C	-0.0%
AVO	F	-0.0%
STEP	B	-0.0%
ARQT	C	-0.0%
TYRA	C	-0.0%
TRIP	F	-0.0%
VCYT	D	-0.0%
SLAB	F	-0.0%
SFNC	B	-0.0%
DCI	D	-0.0%
CNA	A	-0.0%
TKR	D	-0.0%
SPRY	B	-0.0%
LQDA	D	-0.0%
HZO	C	-0.0%
DORM	D	-0.0%
OCUL	C	-0.0%
FULT	A	-0.0%
GTES	D	-0.0%
USPH	F	-0.0%
MODG	D	-0.0%
TKO	C	-0.0%
FRT	A	-0.0%
UBSI	C	-0.0%
APAM	D	-0.0%
SIBN	D	-0.0%
BBSI	B	-0.0%
ROG	C	-0.0%
IRON	D	-0.0%
MAT	F	-0.0%
GMS	D	-0.0%
IRTC	D	-0.0%
SATS	C	-0.0%
FLS	C	-0.0%
CVCO	C	-0.0%
SFM	B	-0.0%
WTM	D	-0.0%
WGO	F	-0.0%
MGNX	F	-0.0%