HKND vs. IAK ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to iShares U.S. Insurance ETF (IAK)

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

$30.91

Average Daily Volume

582

Number of Holdings ^*

963

* may have additional holdings in another (foreign) market

IAK

iShares U.S. Insurance ETF

IAK Description

The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$111.16

Average Daily Volume

99,032

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HKND	IAK
30 Days	-1.96%	-3.28%
60 Days	3.12%	0.97%
90 Days	1.26%	-2.58%
12 Months	11.40%	30.52%

38 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in IAK	Overlap
AFG	D	0.03%	1.09%	0.03%
AFL	B	0.08%	4.77%	0.08%
AIG	D	0.22%	6.52%	0.22%
AIZ	D	0.11%	1.16%	0.11%
ALL	D	0.2%	4.65%	0.2%
BHF	F	0.02%	0.37%	0.02%
CINF	D	0.04%	2.34%	0.04%
CNA	C	0.0%	0.17%	0.0%
CNO	C	0.01%	0.4%	0.01%
ERIE	D	0.01%	1.16%	0.01%
FAF	D	0.04%	0.73%	0.04%
FNF	D	0.07%	1.63%	0.07%
GL	D	0.01%	0.91%	0.01%
GNW	D	0.02%	0.23%	0.02%
HIG	B	0.1%	3.87%	0.1%
HMN	D	0.01%	0.17%	0.01%
KMPR	D	0.02%	0.47%	0.02%
L	D	0.05%	1.78%	0.05%
LNC	B	0.05%	0.57%	0.05%
MCY	D	0.02%	0.2%	0.02%
MET	D	0.18%	5.12%	0.18%
MKL	C	0.05%	2.71%	0.05%
ORI	C	0.04%	1.04%	0.04%
OSCR	C	0.0%	0.37%	0.0%
PFG	D	0.05%	2.23%	0.05%
PGR	D	0.21%	15.19%	0.21%
PRU	C	0.16%	4.75%	0.16%
RLI	D	0.01%	0.75%	0.01%
SAFT	D	0.0%	0.11%	0.0%
SIGI	F	0.01%	0.75%	0.01%
STC	D	0.01%	0.21%	0.01%
THG	D	0.02%	0.61%	0.02%
TRUP	C	0.01%	0.14%	0.01%
TRV	D	0.15%	5.95%	0.15%
UFCS	D	0.0%	0.07%	0.0%
UNM	D	0.03%	1.17%	0.03%
WRB	D	0.04%	2.1%	0.04%
WTM	C	0.0%	0.58%	0.0%

HKND Overweight 925 Positions Relative to IAK

Symbol	Grade	Weight
PG	A	4.03%
GOOGL	A	4.02%
MSFT	A	2.43%
LLY	A	2.28%
AAPL	B	2.27%
JNJ	F	1.99%
ABBV	B	1.95%
MRK	B	1.79%
DE	D	1.79%
MOS	F	1.68%
PFE	C	1.59%
ADM	D	1.57%
INTC	F	1.46%
CL	A	1.35%
CTVA	D	1.33%
BDX	D	1.18%
SYK	B	1.14%
ABT	D	1.08%
CI	D	1.08%
WMT	A	1.06%
AMGN	B	1.05%
HCA	A	0.98%
CF	D	0.97%
BG	C	0.94%
HPQ	B	0.92%
UNH	C	0.92%
ECL	A	0.91%
GEHC	D	0.89%
VZ	C	0.89%
DELL	B	0.86%
TMO	C	0.85%
T	B	0.84%
BMY	F	0.84%
BAX	D	0.77%
BSX	A	0.71%
FMC	F	0.7%
VRTX	A	0.67%
JPM	C	0.67%
GILD	D	0.66%
CMCSA	F	0.66%
REGN	A	0.65%
AGCO	F	0.61%
DGX	B	0.61%
AMZN	B	0.59%
DHR	B	0.59%
BAC	A	0.52%
CVS	F	0.5%
MCK	A	0.5%
SJM	F	0.5%
IQV	D	0.49%
INGR	D	0.47%
FDP	D	0.46%
ZBH	F	0.44%
ELV	B	0.43%
TMUS	B	0.41%
WFC	D	0.39%
C	D	0.39%
MRNA	B	0.39%
PEP	D	0.38%
KVUE	F	0.37%
AWK	B	0.36%
VLTO	A	0.35%
HD	C	0.35%
CHD	A	0.35%
ISRG	A	0.34%
MS	B	0.34%
THC	B	0.33%
CAG	D	0.33%
GS	B	0.33%
CNC	D	0.32%
DD	B	0.31%
BIIB	C	0.31%
EW	D	0.3%
MDLZ	D	0.3%
J	D	0.3%
CAH	D	0.3%
HUM	C	0.29%
BBY	B	0.29%
HOLX	D	0.28%
SPB	B	0.28%
GIS	D	0.27%
K	C	0.26%
FELE	D	0.25%
IBM	C	0.24%
UHS	A	0.23%
VTRS	F	0.23%
WBA	F	0.23%
LOW	C	0.22%
HPE	A	0.22%
FSLR	B	0.22%
KR	D	0.21%
CLX	D	0.21%
DOW	D	0.2%
RMD	B	0.19%
CHTR	C	0.19%
AXP	D	0.19%
DIS	D	0.19%
ORCL	B	0.17%
QCOM	A	0.17%
AMAT	A	0.17%
TFX	D	0.17%
CSCO	F	0.16%
ENPH	C	0.16%
RUN	C	0.16%
AVTR	D	0.15%
CTLT	D	0.15%
DHI	D	0.15%
V	D	0.15%
COF	D	0.15%
TSLA	C	0.15%
MU	A	0.14%
ENOV	F	0.14%
ZWS	D	0.14%
A	D	0.13%
LEN	D	0.13%
DVA	B	0.13%
SOLV	F	0.13%
FTRE	F	0.12%
AVGO	A	0.12%
NVDA	A	0.12%
JBL	D	0.12%
HSIC	D	0.12%
DXCM	D	0.12%
AHCO	B	0.12%
MMC	A	0.12%
IART	D	0.11%
MA	D	0.11%
COST	A	0.11%
LRCX	A	0.11%
USB	D	0.11%
TGT	D	0.11%
BLK	D	0.1%
ALNY	C	0.1%
GLW	B	0.1%
CRL	F	0.1%
SEM	B	0.1%
CBRE	D	0.1%
TXN	B	0.1%
LUMN	F	0.1%
BMRN	C	0.1%
ILMN	F	0.1%
ICUI	B	0.1%
KMB	A	0.1%
RPRX	D	0.1%
WDC	B	0.1%
OGN	B	0.1%
BK	B	0.1%
FLO	D	0.09%
TFC	D	0.09%
INCY	B	0.09%
MAN	D	0.09%
PNC	D	0.09%
UTHR	A	0.08%
ITGR	C	0.08%
ALG	F	0.08%
LXU	D	0.08%
CTSH	D	0.08%
CDW	D	0.08%
POST	D	0.08%
TITN	F	0.08%
STT	D	0.08%
MTD	B	0.08%
WTRG	B	0.08%
NFLX	A	0.08%
PYPL	D	0.08%
MASI	C	0.08%
RDNT	B	0.08%
BIO	F	0.08%
ADP	C	0.07%
EMBC	C	0.07%
CRM	F	0.07%
KD	B	0.07%
DFS	D	0.07%
SYF	D	0.07%
PODD	B	0.07%
SYY	D	0.07%
DXC	D	0.07%
EQR	B	0.07%
WBD	F	0.07%
TJX	A	0.07%
SCHW	D	0.07%
AMP	C	0.07%
MMSI	B	0.07%
MOH	F	0.07%
AMD	C	0.07%
EHC	B	0.07%
CWT	D	0.07%
GME	C	0.07%
ACI	F	0.07%
CPB	C	0.07%
ACM	D	0.07%
UAN	C	0.07%
NBIX	C	0.07%
BERY	C	0.06%
WAT	D	0.06%
WST	D	0.06%
WLK	D	0.06%
HAE	D	0.06%
RGA	B	0.06%
SRPT	C	0.06%
KLAC	A	0.06%
BKNG	A	0.06%
HSY	F	0.06%
IFF	B	0.06%
GMED	B	0.06%
FOX	B	0.06%
CNMD	D	0.06%
SNX	A	0.06%
AVB	A	0.06%
TECH	B	0.06%
PHM	B	0.06%
OMC	D	0.05%
MAA	B	0.05%
MEDP	C	0.05%
APH	A	0.05%
TTC	B	0.05%
CMI	D	0.05%
SJW	F	0.05%
RJF	D	0.05%
SUI	D	0.05%
EXEL	D	0.05%
UNFI	C	0.05%
INVH	A	0.05%
OMI	F	0.05%
BRKR	F	0.05%
AVNS	D	0.05%
EQH	B	0.05%
ADBE	C	0.05%
SQ	F	0.05%
ALLY	C	0.05%
MAR	C	0.05%
OPK	D	0.05%
SMG	D	0.05%
WM	C	0.05%
EBAY	B	0.05%
VTR	A	0.05%
CRBG	C	0.05%
MMM	B	0.05%
CTAS	A	0.04%
ORLY	C	0.04%
KDP	B	0.04%
CR	C	0.04%
ITCI	D	0.04%
AMT	B	0.04%
RSG	C	0.04%
NTRS	D	0.04%
JEF	C	0.04%
SCSC	C	0.04%
HUN	D	0.04%
OPCH	D	0.04%
SWK	D	0.04%
ROKU	F	0.04%
BEN	F	0.04%
AZO	C	0.04%
CHWY	C	0.04%
LPLA	B	0.04%
KLG	F	0.04%
AJG	A	0.04%
EXPE	C	0.04%
TOL	C	0.04%
FITB	D	0.04%
AWR	D	0.04%
ESS	A	0.04%
TROW	B	0.04%
TNDM	B	0.04%
WHR	D	0.04%
IONS	C	0.04%
JLL	B	0.04%
SHW	D	0.04%
PEN	F	0.04%
NTAP	A	0.04%
MKC	F	0.04%
NOVT	C	0.04%
NVR	C	0.04%
ADI	B	0.04%
AYI	D	0.04%
INSM	A	0.04%
GXO	F	0.04%
GWW	C	0.04%
GPC	D	0.04%
AZTA	C	0.03%
WU	D	0.03%
APO	B	0.03%
ABM	B	0.03%
TWI	F	0.03%
MD	D	0.03%
AMKR	B	0.03%
VOYA	C	0.03%
ITW	D	0.03%
INTU	C	0.03%
KBH	B	0.03%
OFIX	F	0.03%
ENR	D	0.03%
PLD	C	0.03%
HBAN	D	0.03%
NEO	F	0.03%
XRX	F	0.03%
LYV	D	0.03%
CG	D	0.03%
MCHP	C	0.03%
GPS	B	0.03%
ROST	B	0.03%
ENSG	B	0.03%
HWKN	B	0.03%
RHI	D	0.03%
CERE	C	0.03%
CYTK	D	0.03%
DAR	F	0.03%
MIDD	F	0.03%
IRDM	F	0.03%
RS	D	0.03%
SPG	B	0.03%
ARW	B	0.03%
AMRX	B	0.03%
UPS	F	0.03%
USM	B	0.03%
NSP	F	0.03%
IT	D	0.03%
SPGI	B	0.03%
RF	C	0.03%
CPT	B	0.03%
FLGT	F	0.03%
RVMD	B	0.03%
SNEX	C	0.03%
SMMT	B	0.03%
MTB	D	0.03%
VKTX	D	0.03%
ON	C	0.03%
ELS	C	0.03%
ZBRA	D	0.03%
ICE	B	0.03%
TDS	B	0.03%
AMH	C	0.03%
EMR	D	0.03%
LNTH	B	0.03%
SANM	B	0.03%
NWS	B	0.03%
GPN	F	0.03%
IVZ	D	0.03%
TMHC	D	0.03%
KEY	D	0.03%
LBRDA	D	0.03%
PCVX	B	0.03%
UDR	B	0.03%
EXAS	F	0.03%
CFG	D	0.03%
FIS	B	0.03%
PPG	D	0.03%
PH	D	0.03%
LNN	C	0.03%
IPG	F	0.03%
SGRY	F	0.03%
CNXN	C	0.03%
WMG	D	0.03%
HALO	B	0.03%
RKT	B	0.03%
BPMC	B	0.03%
LKQ	F	0.03%
EL	F	0.03%
FYBR	B	0.03%
R	D	0.02%
IBKR	B	0.02%
HAIN	C	0.02%
ANET	A	0.02%
NATL	B	0.02%
AMN	D	0.02%
NWL	F	0.02%
BCO	B	0.02%
BBWI	D	0.02%
AXSM	C	0.02%
ARWR	C	0.02%
EFX	B	0.02%
TER	B	0.02%
CRNX	D	0.02%
ALGN	F	0.02%
TPG	C	0.02%
TXG	F	0.02%
ATRC	F	0.02%
LECO	F	0.02%
SMPL	B	0.02%
ALIT	F	0.02%
MHO	B	0.02%
DOX	F	0.02%
UTZ	C	0.02%
XRAY	F	0.02%
EME	B	0.02%
COOP	B	0.02%
FCN	D	0.02%
AVT	B	0.02%
BLDR	D	0.02%
TSCO	B	0.02%
MAS	C	0.02%
CENTA	D	0.02%
CCS	D	0.02%
PFSI	B	0.02%
CNXC	D	0.02%
BR	D	0.02%
NDAQ	D	0.02%
GKOS	B	0.02%
SNPS	B	0.02%
VIR	C	0.02%
IDXX	C	0.02%
PTCT	C	0.02%
ZG	B	0.02%
TPH	C	0.02%
ADTN	D	0.02%
OTIS	B	0.02%
RARE	F	0.02%
FOLD	D	0.02%
ADV	F	0.02%
DLR	A	0.02%
NVAX	C	0.02%
OMF	D	0.02%
SRCL	B	0.02%
NOW	C	0.02%
ACAD	F	0.02%
BKD	D	0.02%
ROK	F	0.02%
APD	B	0.02%
CCI	C	0.02%
BRO	A	0.02%
PWR	B	0.02%
AGL	C	0.02%
AIRC	A	0.02%
CORT	B	0.02%
PAYX	B	0.02%
EA	B	0.02%
KRYS	B	0.02%
BBIO	C	0.02%
WMS	C	0.02%
HLT	B	0.02%
WTS	D	0.02%
OPEN	F	0.02%
ENTG	B	0.02%
GH	B	0.02%
MDGL	B	0.02%
SSNC	D	0.02%
KELYA	D	0.02%
LILAK	B	0.02%
EQIX	C	0.02%
SWKS	C	0.02%
THS	D	0.02%
JJSF	B	0.02%
SF	D	0.02%
JXN	C	0.02%
TNET	F	0.02%
WSO	B	0.02%
NUVL	B	0.02%
CME	D	0.02%
SIRI	F	0.02%
GFS	D	0.02%
WELL	A	0.02%
DKS	B	0.02%
MSI	A	0.02%
SMCI	C	0.02%
UNP	D	0.02%
AAP	F	0.02%
REZI	D	0.02%
APLS	D	0.02%
MTH	C	0.02%
CHE	D	0.02%
FAST	D	0.02%
MCO	B	0.02%
MMS	B	0.02%
CSL	B	0.02%
AMED	F	0.02%
CVCO	C	0.01%
HZO	C	0.01%
DAY	F	0.01%
ONTO	B	0.01%
MODG	D	0.01%
PGNY	F	0.01%
OZK	F	0.01%
DBX	F	0.01%
WH	C	0.01%
DAWN	F	0.01%
COTY	F	0.01%
UI	C	0.01%
FRPT	B	0.01%
YORW	D	0.01%
PJT	B	0.01%
DLB	F	0.01%
KE	C	0.01%
SATS	C	0.01%
RGNX	F	0.01%
APAM	D	0.01%
TCBI	D	0.01%
MAT	F	0.01%
CMC	D	0.01%
VEEV	D	0.01%
MPWR	A	0.01%
SSB	D	0.01%
MGNX	F	0.01%
BKU	C	0.01%
TVTX	C	0.01%
FOUR	C	0.01%
REG	B	0.01%
BRX	B	0.01%
PRLB	F	0.01%
SAGE	F	0.01%
SILK	C	0.01%
GMS	D	0.01%
PAYC	F	0.01%
CGEM	D	0.01%
GSAT	F	0.01%
PB	D	0.01%
KNF	C	0.01%
BXC	F	0.01%
FIX	C	0.01%
ARCT	C	0.01%
FICO	B	0.01%
KIDS	F	0.01%
SCHL	F	0.01%
MC	D	0.01%
VZIO	B	0.01%
NYT	B	0.01%
TARS	D	0.01%
FDMT	D	0.01%
MIRM	C	0.01%
PLUS	D	0.01%
AEO	D	0.01%
TYL	B	0.01%
CADE	D	0.01%
WD	C	0.01%
SNA	D	0.01%
ASB	D	0.01%
MTN	F	0.01%
WGO	F	0.01%
ACIW	B	0.01%
URBN	B	0.01%
SKY	C	0.01%
UMBF	D	0.01%
FDS	D	0.01%
HWC	D	0.01%
HAS	C	0.01%
GRBK	C	0.01%
TMCI	F	0.01%
TDOC	F	0.01%
ANSS	C	0.01%
IMVT	D	0.01%
MDXG	D	0.01%
BCRX	C	0.01%
VNT	D	0.01%
IPGP	F	0.01%
MNKD	B	0.01%
ACT	D	0.01%
HGV	D	0.01%
SSYS	F	0.01%
WPC	D	0.01%
FNB	D	0.01%
PNFP	D	0.01%
ANF	B	0.01%
FG	F	0.01%
CNM	C	0.01%
VLY	F	0.01%
PII	F	0.01%
CBSH	D	0.01%
EXLS	D	0.01%
WBS	F	0.01%
LCII	F	0.01%
AKRO	C	0.01%
APG	B	0.01%
HURN	C	0.01%
LFUS	B	0.01%
CRUS	A	0.01%
NGVT	F	0.01%
KURA	B	0.01%
TDC	D	0.01%
CC	D	0.01%
CFR	D	0.01%
DIOD	D	0.01%
PIPR	B	0.01%
KFRC	D	0.01%
IDT	D	0.01%
PRG	C	0.01%
CRVL	C	0.01%
SYNA	C	0.01%
SITE	F	0.01%
KWR	F	0.01%
HTH	D	0.01%
JKHY	D	0.01%
XYL	B	0.01%
MTG	C	0.01%
MORF	D	0.01%
ASIX	F	0.01%
SBAC	D	0.01%
CCRN	D	0.01%
ALB	F	0.01%
IR	C	0.01%
MSM	F	0.01%
CSX	D	0.01%
NYCB	F	0.01%
NMRK	C	0.01%
FHI	D	0.01%
UCTT	B	0.01%
EXPI	F	0.01%
RYAN	C	0.01%
IAC	F	0.01%
VRSN	C	0.01%
PTGX	B	0.01%
DFH	D	0.01%
UNF	F	0.01%
WTFC	D	0.01%
RDN	C	0.01%
LAMR	C	0.01%
MTCH	C	0.01%
IOSP	C	0.01%
SANA	F	0.01%
TGNA	F	0.01%
BEAM	C	0.01%
VSAT	F	0.01%
IRT	A	0.01%
FNA	F	0.01%
HLI	C	0.01%
AXNX	C	0.01%
UHAL	D	0.01%
BRC	B	0.01%
XNCR	D	0.01%
ARDX	F	0.01%
CABO	F	0.01%
MORN	D	0.01%
PINC	F	0.01%
BECN	C	0.01%
HUBB	D	0.01%
SNDX	C	0.01%
FND	B	0.01%
KEYS	D	0.01%
SXT	B	0.01%
LGF.A	D	0.01%
RXRX	B	0.01%
MSCI	D	0.01%
CACC	F	0.01%
RCM	C	0.01%
WAL	D	0.01%
DOC	B	0.01%
LANC	C	0.01%
SBH	D	0.01%
EWTX	C	0.01%
VNO	C	0.01%
BOKF	D	0.01%
ENS	B	0.01%
AXTA	B	0.01%
INVA	B	0.01%
KROS	C	0.01%
BGC	D	0.01%
LMAT	A	0.01%
AOS	C	0.01%
NTLA	C	0.01%
AIV	C	0.01%
ARVN	F	0.01%
ASTH	B	0.01%
CPRX	C	0.01%
ARE	C	0.01%
BCC	D	0.01%
TNC	D	0.01%
ADMA	A	0.01%
COLL	D	0.01%
TTMI	B	0.01%
CSTL	B	0.01%
RNA	B	0.01%
RCKT	F	0.01%
FTV	D	0.01%
KIM	B	0.01%
CRSR	D	0.01%
TEX	D	0.01%
ICFI	D	0.01%
TNL	C	0.01%
KFY	B	0.01%
PSTG	A	0.01%
STGW	C	0.01%
O	B	0.01%
HRB	B	0.01%
IRM	A	0.01%
GNRC	C	0.01%
UFPI	D	0.01%
TRMB	D	0.01%
CDNS	B	0.01%
EWBC	D	0.01%
FFIV	D	0.01%
RRX	F	0.01%
SNV	D	0.01%
VERA	D	0.01%
DCPH	A	0.01%
ACHC	F	0.01%
VRT	D	0.01%
KEX	B	0.01%
JBSS	D	0.01%
DNA	F	0.01%
ANIP	D	0.01%
PBH	D	0.01%
ADSK	C	0.01%
SEIC	D	0.01%
VAC	F	0.01%
KYMR	D	0.01%
ADUS	B	0.01%
CSGP	F	0.01%
ACLX	C	0.01%
TTWO	B	0.01%
GERN	B	0.01%
LGND	B	0.01%
BZH	D	0.01%
EVH	F	0.01%
CIEN	F	0.01%
SPTN	F	0.01%
FCNCA	D	0.01%
CNDT	F	0.01%
NVST	F	0.01%
QRVO	C	0.01%
DYN	B	0.01%
RYTM	B	0.01%
TRU	D	0.01%
EMN	B	0.01%
AME	D	0.01%
IRWD	F	0.01%
RGEN	F	0.01%
BC	F	0.01%
CLDX	F	0.01%
ESI	B	0.01%
H	C	0.01%
HRMY	F	0.01%
WDAY	F	0.01%
JANX	D	0.01%
TGTX	B	0.01%
COIN	B	0.01%
LGIH	F	0.01%
AIT	D	0.01%
GT	F	0.01%
CGON	C	0.01%
KO	B	0.01%
HOV	D	0.01%
ASGN	D	0.01%
BGS	F	0.01%
VCEL	D	0.01%
NHC	B	0.01%
DVAX	D	0.01%
NXST	D	0.01%
ASH	C	0.01%
PCRX	D	0.01%
URI	D	0.01%
DOV	C	0.01%
AGIO	B	0.01%
BHE	B	0.01%
THO	F	0.01%
MRVI	F	0.01%
CLH	A	0.01%
MYGN	B	0.01%
ATEC	D	0.01%
ABNB	D	0.01%
CE	D	0.01%
ESAB	D	0.01%
NSIT	B	0.01%
AMG	D	0.01%
COHR	A	0.01%
PSA	B	0.01%
ARES	D	0.01%
NTRA	B	0.01%
UFPT	B	0.01%
UWMC	B	0.01%
FDX	D	0.01%
PANW	B	0.01%
INSP	D	0.01%
BURL	B	0.01%
DNLI	C	0.01%
PRVA	D	0.01%
EPAM	F	0.01%
IOVA	F	0.01%
EEFT	C	0.01%
FTNT	D	0.01%
ZION	D	0.01%
PDCO	F	0.01%
MRVL	B	0.01%
AMRK	D	0.01%
MSEX	D	0.01%
BXP	C	0.01%
SWTX	D	0.01%
AKAM	F	0.01%
FHN	D	0.01%
SUPN	F	0.01%
COMP	D	0.01%
VRSK	A	0.01%
GDDY	B	0.01%
WCC	C	0.01%
VSH	D	0.01%
EVR	B	0.01%
IDYA	D	0.01%
TWST	B	0.01%
AMPH	F	0.01%
ULTA	D	0.01%
EDR	A	0.01%
ATR	B	0.01%
PLXS	C	0.01%
JNPR	B	0.01%
NARI	C	0.01%
SCI	B	0.01%
CMA	D	0.01%
TTEK	B	0.01%
SEE	C	0.01%
ROP	B	0.01%
HST	D	0.01%
FL	C	0.01%
VIRT	B	0.0%
OABI	F	0.0%
QTRX	F	0.0%
ALT	F	0.0%
BLFS	B	0.0%
ABUS	B	0.0%
CELC	C	0.0%
CABA	F	0.0%
PHAT	B	0.0%
ABSI	D	0.0%
PRME	C	0.0%
EYPT	F	0.0%
ORIC	F	0.0%
ALXO	F	0.0%
LYEL	C	0.0%
APLT	B	0.0%
CTKB	F	0.0%
AVTE	C	0.0%
NUVB	C	0.0%
ALEC	D	0.0%
HLVX	B	0.0%
MNMD	D	0.0%
SVRA	D	0.0%
NDSN	D	0.0%
PLAB	F	0.0%
COLB	F	0.0%
PLRX	D	0.0%
STOK	B	0.0%
WAFD	D	0.0%
MMI	F	0.0%
TW	D	0.0%
MSGS	C	0.0%
CNS	D	0.0%
YMAB	D	0.0%
ARQT	C	0.0%
WSFS	D	0.0%
LBPH	D	0.0%
FORM	B	0.0%
ALGM	D	0.0%
MLI	D	0.0%
MLYS	C	0.0%
UCBI	D	0.0%
PCTY	F	0.0%
DFIN	D	0.0%
BSY	D	0.0%
ANAB	B	0.0%
ZNTL	F	0.0%
ITRI	B	0.0%
ETNB	F	0.0%
GGG	D	0.0%
CRAI	B	0.0%
FHB	D	0.0%
OLMA	C	0.0%
OCUL	D	0.0%
ZEUS	F	0.0%
CHH	D	0.0%
CBT	C	0.0%
GBCI	D	0.0%
IRON	C	0.0%
COGT	C	0.0%
VRDN	D	0.0%
HSII	B	0.0%
TTD	B	0.0%
LFST	F	0.0%
NVEE	F	0.0%
CATY	D	0.0%
AEIS	B	0.0%
SAVA	F	0.0%
SIGA	D	0.0%
IBP	C	0.0%
HOMB	D	0.0%
FIVE	F	0.0%
SPRY	D	0.0%
NRIX	B	0.0%
ITT	D	0.0%
REYN	C	0.0%
SONO	F	0.0%
STEP	B	0.0%
CBZ	D	0.0%
GIC	F	0.0%
SFNC	D	0.0%
GOLF	B	0.0%
RLAY	C	0.0%
AZZ	C	0.0%
EOLS	D	0.0%
VCYT	C	0.0%
CARR	B	0.0%
UVE	D	0.0%
SRRK	F	0.0%
VCTR	C	0.0%
PLAY	F	0.0%
PTC	D	0.0%
FULT	D	0.0%
IEX	D	0.0%
TOST	C	0.0%
RCUS	B	0.0%
ELVN	B	0.0%
TRIP	F	0.0%
CTS	B	0.0%
SLAB	F	0.0%
DCI	D	0.0%
TKR	D	0.0%
TYRA	B	0.0%
POOL	D	0.0%
DORM	C	0.0%
ABCB	D	0.0%
SIBN	F	0.0%
FRT	B	0.0%
IMNM	D	0.0%
UBSI	D	0.0%
SFM	B	0.0%
NSC	D	0.0%
PNTG	B	0.0%
BBSI	B	0.0%
NX	F	0.0%
LQDA	C	0.0%
APP	C	0.0%
ONB	D	0.0%
ROG	C	0.0%
USPH	F	0.0%
IRTC	D	0.0%
GTES	D	0.0%
AVO	D	0.0%
EXR	B	0.0%
FLS	D	0.0%

HKND Underweight 16 Positions Relative to IAK

Symbol	Grade	Weight
CB	B	-13.22%
ACGL	B	-4.8%
KNSL	F	-1.11%
PRI	C	-1.03%
AXS	B	-0.73%
AGO	D	-0.55%
PLMR	C	-0.29%
SKWD	D	-0.19%
NWLI	A	-0.16%
LMND	F	-0.14%
AMSF	F	-0.12%
AMBC	F	-0.09%
EIG	D	-0.09%
PRA	F	-0.09%
JRVR	F	-0.05%
MBI	C	-0.04%