HKND vs. IQSM ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM)

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

$33.30

Average Daily Volume

1,926

Number of Holdings ^*

958

* may have additional holdings in another (foreign) market

IQSM

IQ Candriam ESG U.S. Mid Cap Equity ETF

IQSM Description

IQ Candriam ESG U.S. Mid Cap Equity ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of mid-cap companies. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the IQ Candriam ESG U.S. Mid Cap Equity Index, by using full replication technique. IQ Candriam ESG U.S. Mid Cap Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.29

Average Daily Volume

13,747

Number of Holdings ^*

214

* may have additional holdings in another (foreign) market

Performance

Period	HKND	IQSM
30 Days	1.63%	4.29%
60 Days	0.72%	5.32%
90 Days	1.42%	6.64%
12 Months	19.65%	27.71%

122 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in IQSM	Overlap
ACHC	F	0.01%	0.17%	0.01%
ACM	A	0.08%	0.7%	0.08%
AGCO	D	0.68%	0.28%	0.28%
AIZ	A	0.12%	0.54%	0.12%
ALB	C	0.01%	0.57%	0.01%
ALLY	C	0.05%	0.47%	0.05%
AMH	D	0.03%	0.6%	0.03%
ANF	C	0.01%	0.34%	0.01%
AOS	F	0.01%	0.42%	0.01%
APG	B	0.01%	0.35%	0.01%
ARW	D	0.03%	0.3%	0.03%
ATR	B	0.01%	0.54%	0.01%
AXTA	A	0.01%	0.43%	0.01%
AYI	B	0.04%	0.48%	0.04%
BEN	C	0.04%	0.33%	0.04%
BPMC	C	0.04%	0.28%	0.04%
BRX	A	0.01%	0.41%	0.01%
BURL	A	0.01%	0.84%	0.01%
CG	A	0.03%	0.54%	0.03%
CHE	D	0.03%	0.4%	0.03%
CMC	B	0.01%	0.33%	0.01%
COTY	F	0.01%	0.13%	0.01%
CPT	B	0.03%	0.61%	0.03%
CRL	C	0.1%	0.48%	0.1%
CRUS	D	0.01%	0.26%	0.01%
CTLT	B	0.15%	0.51%	0.15%
DAR	C	0.03%	0.31%	0.03%
DAY	B	0.01%	0.55%	0.01%
DCI	B	0.0%	0.44%	0.0%
DKS	C	0.02%	0.54%	0.02%
DLB	B	0.01%	0.21%	0.01%
DVA	B	0.13%	0.4%	0.13%
EHC	B	0.07%	0.48%	0.07%
ELS	C	0.03%	0.61%	0.03%
EME	C	0.02%	1.12%	0.02%
EPAM	C	0.01%	0.66%	0.01%
EQH	B	0.05%	0.75%	0.05%
ESI	A	0.01%	0.3%	0.01%
EWBC	A	0.01%	0.69%	0.01%
EXAS	D	0.04%	0.45%	0.04%
EXEL	B	0.04%	0.43%	0.04%
FAF	A	0.05%	0.31%	0.05%
FCN	D	0.02%	0.32%	0.02%
FFIV	B	0.01%	0.68%	0.01%
FIVE	F	0.0%	0.23%	0.0%
FIX	A	0.01%	0.74%	0.01%
FND	C	0.01%	0.51%	0.01%
FRT	B	0.0%	0.4%	0.0%
GAP	C	0.02%	0.21%	0.02%
GEN	B	0.01%	0.79%	0.01%
GGG	B	0.0%	0.71%	0.0%
GL	B	0.02%	0.47%	0.02%
GXO	B	0.05%	0.33%	0.05%
H	B	0.01%	0.33%	0.01%
HALO	F	0.03%	0.32%	0.03%
HAS	D	0.01%	0.39%	0.01%
HRB	D	0.01%	0.39%	0.01%
HSIC	B	0.14%	0.37%	0.14%
HST	C	0.02%	0.59%	0.02%
IBP	D	0.0%	0.23%	0.0%
INGR	B	0.49%	0.47%	0.47%
INSM	C	0.02%	0.54%	0.02%
IPG	D	0.04%	0.53%	0.04%
ITCI	C	0.03%	0.41%	0.03%
ITT	A	0.0%	0.6%	0.0%
JKHY	D	0.01%	0.6%	0.01%
JLL	D	0.04%	0.6%	0.04%
JNPR	F	0.01%	0.58%	0.01%
KEX	C	0.01%	0.36%	0.01%
KEY	B	0.04%	0.85%	0.04%
KIM	A	0.01%	0.78%	0.01%
LFUS	F	0.01%	0.29%	0.01%
LKQ	D	0.04%	0.47%	0.04%
MAS	D	0.02%	0.82%	0.02%
MEDP	D	0.05%	0.37%	0.05%
MOS	F	1.72%	0.4%	0.4%
MTN	C	0.01%	0.31%	0.01%
NBIX	C	0.08%	0.59%	0.08%
NWS	B	0.03%	0.11%	0.03%
NYT	C	0.01%	0.39%	0.01%
ONTO	D	0.01%	0.38%	0.01%
ORI	A	0.04%	0.45%	0.04%
PAYC	B	0.01%	0.56%	0.01%
PCTY	B	0.0%	0.43%	0.0%
PCVX	D	0.03%	0.46%	0.03%
PEN	B	0.04%	0.41%	0.04%
POOL	C	0.01%	0.66%	0.01%
POST	C	0.09%	0.25%	0.09%
REG	B	0.01%	0.59%	0.01%
RGA	A	0.06%	0.72%	0.06%
RGEN	D	0.01%	0.35%	0.01%
RHI	B	0.03%	0.37%	0.03%
ROKU	D	0.04%	0.44%	0.04%
RRX	B	0.01%	0.55%	0.01%
RVMD	C	0.03%	0.42%	0.03%
RYAN	B	0.01%	0.33%	0.01%
SF	B	0.02%	0.54%	0.02%
SFM	A	0.0%	0.68%	0.0%
SIGI	C	0.01%	0.28%	0.01%
SJM	D	0.54%	0.55%	0.54%
SNX	C	0.06%	0.42%	0.06%
SRPT	D	0.07%	0.46%	0.07%
TECH	D	0.07%	0.54%	0.07%
TFX	F	0.17%	0.43%	0.17%
TKR	D	0.0%	0.23%	0.0%
TOL	B	0.04%	0.76%	0.04%
TTC	D	0.05%	0.41%	0.05%
TTEK	F	0.02%	0.52%	0.02%
UDR	B	0.03%	0.65%	0.03%
UNM	A	0.04%	0.65%	0.04%
UTHR	C	0.08%	0.75%	0.08%
VKTX	F	0.04%	0.27%	0.04%
VOYA	B	0.03%	0.39%	0.03%
WAL	B	0.01%	0.47%	0.01%
WBA	F	0.26%	0.3%	0.26%
WCC	B	0.01%	0.46%	0.01%
WH	B	0.01%	0.37%	0.01%
WMS	D	0.02%	0.42%	0.02%
WPC	D	0.01%	0.57%	0.01%
WTRG	B	0.09%	0.5%	0.09%
WTS	B	0.02%	0.27%	0.02%
ZG	A	0.02%	0.16%	0.02%

HKND Overweight 836 Positions Relative to IQSM

Symbol	Grade	Weight
PG	A	4.05%
GOOGL	C	3.87%
MSFT	F	2.37%
AAPL	C	2.24%
LLY	F	2.09%
DE	A	2.08%
ABBV	D	2.0%
MRK	F	1.84%
PFE	D	1.58%
ADM	D	1.56%
INTC	D	1.51%
CTVA	C	1.48%
CL	D	1.35%
BDX	F	1.15%
CI	F	1.11%
AMGN	D	1.1%
ABT	B	1.08%
SYK	C	1.07%
WMT	A	1.06%
DELL	C	0.99%
CF	B	0.98%
UNH	C	0.96%
LH	C	0.93%
BMY	B	0.93%
GEHC	F	0.93%
HCA	F	0.91%
BG	F	0.89%
VZ	C	0.89%
ECL	D	0.87%
TMO	F	0.86%
BAX	D	0.84%
FMC	D	0.82%
HPQ	B	0.81%
T	A	0.8%
BSX	B	0.74%
JNJ	D	0.71%
GILD	C	0.7%
JPM	A	0.69%
CMCSA	B	0.68%
DGX	A	0.62%
REGN	F	0.61%
DHR	F	0.59%
VRTX	F	0.59%
AMZN	C	0.57%
IQV	D	0.53%
BAC	A	0.51%
CVS	D	0.5%
MCK	B	0.49%
FDP	B	0.48%
ZBH	C	0.45%
ELV	F	0.44%
WFC	A	0.42%
C	A	0.41%
KVUE	A	0.4%
PEP	F	0.4%
AWK	D	0.39%
HD	A	0.37%
TMUS	B	0.37%
CNC	D	0.37%
CHD	B	0.36%
CAG	D	0.36%
VLTO	D	0.36%
COR	B	0.35%
MRNA	F	0.35%
MS	A	0.35%
GS	A	0.34%
ISRG	A	0.33%
DD	D	0.31%
CAH	B	0.31%
EW	C	0.31%
MDLZ	F	0.31%
THC	D	0.3%
BIIB	F	0.3%
HUM	C	0.3%
J	F	0.29%
GIS	D	0.29%
SPB	C	0.29%
HOLX	D	0.27%
FELE	B	0.26%
IBM	C	0.26%
K	A	0.26%
VTRS	A	0.25%
AIG	B	0.23%
CLX	B	0.22%
LOW	D	0.22%
BBY	D	0.22%
HPE	B	0.21%
UHS	D	0.21%
PGR	A	0.21%
DOW	F	0.21%
KR	B	0.21%
ALL	A	0.21%
RMD	C	0.2%
DIS	B	0.2%
AXP	A	0.2%
MET	A	0.19%
CHTR	C	0.18%
AMAT	F	0.17%
ORCL	B	0.17%
DHI	D	0.16%
TRV	B	0.16%
COF	B	0.16%
TSLA	B	0.16%
CSCO	B	0.16%
PRU	A	0.16%
AVTR	F	0.15%
QCOM	F	0.15%
FSLR	F	0.15%
SOLV	C	0.15%
A	D	0.15%
ZWS	B	0.15%
ENOV	C	0.15%
V	A	0.15%
LEN	D	0.14%
ENPH	F	0.14%
MU	D	0.14%
MMC	B	0.13%
RUN	F	0.13%
DXCM	D	0.13%
AVGO	D	0.12%
FTRE	D	0.12%
USB	A	0.12%
JBL	B	0.12%
TITN	C	0.11%
RPRX	D	0.11%
LRCX	F	0.11%
COST	B	0.11%
OGN	D	0.11%
MA	C	0.11%
RVTY	F	0.11%
AHCO	F	0.11%
FLO	D	0.1%
BMRN	D	0.1%
MAN	D	0.1%
PNC	B	0.1%
TGT	F	0.1%
ALNY	D	0.1%
BLK	C	0.1%
ICUI	D	0.1%
TFC	A	0.1%
HIG	B	0.1%
KMB	D	0.1%
SEM	B	0.1%
BK	A	0.1%
CBRE	B	0.1%
WDC	D	0.1%
STT	A	0.09%
MTD	D	0.09%
BIO	D	0.09%
NFLX	A	0.09%
LUMN	C	0.09%
IART	C	0.09%
GLW	B	0.09%
NVDA	C	0.09%
TXN	C	0.09%
ILMN	D	0.09%
UAN	B	0.08%
ITGR	B	0.08%
MOH	F	0.08%
CWT	D	0.08%
PYPL	B	0.08%
ALG	B	0.08%
CDW	F	0.08%
CRM	B	0.08%
KD	B	0.08%
RDNT	B	0.08%
CPB	D	0.08%
CTSH	B	0.08%
LXU	B	0.08%
INCY	C	0.08%
AFL	B	0.08%
MASI	A	0.08%
PHM	D	0.07%
DFS	B	0.07%
SYF	B	0.07%
ADP	B	0.07%
WAT	B	0.07%
EMBC	C	0.07%
SYY	B	0.07%
AMD	F	0.07%
MMSI	B	0.07%
EQR	B	0.07%
FNF	B	0.07%
WM	A	0.07%
DXC	B	0.07%
AMP	A	0.07%
WBD	C	0.07%
SCHW	B	0.07%
ACI	C	0.07%
FI	A	0.06%
MMM	D	0.06%
L	A	0.06%
KLAC	D	0.06%
FOX	A	0.06%
WLK	D	0.06%
HAE	C	0.06%
CNMD	C	0.06%
GMED	A	0.06%
SQ	B	0.06%
BRKR	D	0.06%
WST	C	0.06%
TJX	A	0.06%
CRBG	B	0.06%
IFF	D	0.06%
AVB	B	0.06%
HSY	F	0.06%
BKNG	A	0.06%
PODD	C	0.06%
MAA	B	0.05%
KLG	C	0.05%
LNC	B	0.05%
SMCI	F	0.05%
NVR	D	0.05%
GPC	D	0.05%
AVNS	F	0.05%
OPK	C	0.05%
MKC	D	0.05%
APH	A	0.05%
GWW	B	0.05%
INVH	D	0.05%
CMI	A	0.05%
SUI	D	0.05%
OMC	C	0.05%
EBAY	D	0.05%
RJF	A	0.05%
MKL	A	0.05%
OMI	F	0.05%
MAR	B	0.05%
ADBE	C	0.05%
SMG	D	0.05%
SJW	D	0.05%
PFG	D	0.05%
VTR	C	0.05%
BERY	B	0.05%
KDP	D	0.04%
GPN	B	0.04%
CNXN	C	0.04%
AFG	A	0.04%
PH	A	0.04%
FYBR	D	0.04%
IONS	F	0.04%
CFG	B	0.04%
AMT	D	0.04%
LNN	B	0.04%
ORLY	B	0.04%
EXPE	B	0.04%
CTAS	B	0.04%
RSG	A	0.04%
LPLA	A	0.04%
CR	A	0.04%
NTRS	A	0.04%
UNFI	A	0.04%
OPCH	D	0.04%
HUN	F	0.04%
ESS	B	0.04%
JEF	A	0.04%
TROW	B	0.04%
AZO	C	0.04%
SCSC	B	0.04%
EL	F	0.04%
ADI	D	0.04%
AJG	B	0.04%
SWK	D	0.04%
CINF	A	0.04%
TNDM	F	0.04%
WHR	B	0.04%
NTAP	C	0.04%
NOVT	D	0.04%
FITB	A	0.04%
AWR	B	0.04%
SHW	A	0.04%
WRB	A	0.04%
ABM	B	0.03%
ROST	C	0.03%
FAST	B	0.03%
WU	D	0.03%
AMED	F	0.03%
APO	B	0.03%
APLS	D	0.03%
REZI	A	0.03%
GFS	C	0.03%
UNP	C	0.03%
AZTA	D	0.03%
AMKR	D	0.03%
PLD	D	0.03%
KBH	D	0.03%
ITW	B	0.03%
SIRI	C	0.03%
HWKN	B	0.03%
XRX	F	0.03%
GNW	A	0.03%
SPG	B	0.03%
AAP	C	0.03%
ENSG	D	0.03%
AMRX	C	0.03%
HBAN	A	0.03%
MCHP	D	0.03%
CHWY	B	0.03%
CYTK	F	0.03%
MD	B	0.03%
NEO	C	0.03%
INTU	C	0.03%
RS	B	0.03%
TWI	F	0.03%
LYV	A	0.03%
IRDM	D	0.03%
OFIX	B	0.03%
MIDD	C	0.03%
IT	C	0.03%
SPGI	C	0.03%
TDS	B	0.03%
FLGT	F	0.03%
UPS	C	0.03%
ENR	B	0.03%
NSP	D	0.03%
ICE	C	0.03%
GME	C	0.03%
LBRDA	C	0.03%
ON	D	0.03%
MTB	A	0.03%
RF	A	0.03%
ZBRA	B	0.03%
SNEX	B	0.03%
FIS	C	0.03%
SANM	B	0.03%
VYX	B	0.03%
TMHC	B	0.03%
EMR	A	0.03%
RKT	F	0.03%
IVZ	B	0.03%
SGRY	F	0.03%
PPG	F	0.03%
LNTH	D	0.03%
WMG	C	0.03%
R	B	0.02%
STC	B	0.02%
ARWR	F	0.02%
PLXS	B	0.02%
SMMT	D	0.02%
IBKR	A	0.02%
CMA	A	0.02%
ATEC	C	0.02%
COMP	B	0.02%
FOLD	F	0.02%
BBWI	D	0.02%
BHF	B	0.02%
HAIN	C	0.02%
ATRC	C	0.02%
EFX	F	0.02%
NWL	B	0.02%
IOVA	F	0.02%
ALGN	D	0.02%
UTZ	D	0.02%
MHO	D	0.02%
GKOS	B	0.02%
PTCT	B	0.02%
AVT	C	0.02%
AXSM	B	0.02%
CORT	B	0.02%
MRVI	F	0.02%
NATL	B	0.02%
XRAY	F	0.02%
ANET	C	0.02%
SMPL	B	0.02%
ADTN	A	0.02%
MCY	A	0.02%
ACAD	D	0.02%
COOP	B	0.02%
TSCO	D	0.02%
AGL	F	0.02%
OTIS	C	0.02%
TXG	F	0.02%
AMN	F	0.02%
DOX	D	0.02%
BR	A	0.02%
ALIT	C	0.02%
CRNX	C	0.02%
CCS	D	0.02%
TPG	A	0.02%
PFSI	D	0.02%
TPH	D	0.02%
RARE	D	0.02%
DLR	B	0.02%
SNPS	B	0.02%
NDAQ	A	0.02%
AORT	B	0.02%
CENTA	C	0.02%
CNXC	F	0.02%
BLDR	D	0.02%
APD	A	0.02%
OMF	A	0.02%
IDXX	F	0.02%
ROK	B	0.02%
LECO	B	0.02%
CCI	D	0.02%
BRO	B	0.02%
GH	B	0.02%
EA	A	0.02%
BKD	D	0.02%
NUVL	D	0.02%
PAYX	C	0.02%
PWR	A	0.02%
NOW	A	0.02%
TNET	D	0.02%
KRYS	B	0.02%
HLT	A	0.02%
KELYA	F	0.02%
SWKS	F	0.02%
OPEN	D	0.02%
ENTG	D	0.02%
THG	A	0.02%
MDGL	B	0.02%
WELL	A	0.02%
SSNC	B	0.02%
USM	B	0.02%
ADV	D	0.02%
MMS	F	0.02%
BBIO	F	0.02%
MSI	B	0.02%
LILAK	D	0.02%
JJSF	B	0.02%
THS	D	0.02%
EQIX	A	0.02%
JXN	C	0.02%
KMPR	B	0.02%
CME	A	0.02%
CSL	C	0.02%
WSO	A	0.02%
MCO	B	0.02%
MTH	D	0.02%
VCYT	B	0.01%
MODG	F	0.01%
SAVA	D	0.01%
SLAB	D	0.01%
TKO	B	0.01%
UI	A	0.01%
UBSI	B	0.01%
ONB	B	0.01%
FLS	B	0.01%
EOLS	D	0.01%
EXR	D	0.01%
ELVN	D	0.01%
NX	C	0.01%
APP	B	0.01%
GTES	A	0.01%
FRPT	B	0.01%
MAT	D	0.01%
TMCI	D	0.01%
YORW	D	0.01%
AVO	C	0.01%
MIRM	B	0.01%
UFCS	B	0.01%
TCBI	B	0.01%
VZIO	A	0.01%
SRRK	B	0.01%
RGNX	F	0.01%
KE	C	0.01%
MPWR	F	0.01%
TOST	B	0.01%
PGNY	F	0.01%
APAM	B	0.01%
FDMT	F	0.01%
DBX	B	0.01%
GMS	B	0.01%
CVCO	A	0.01%
USPH	B	0.01%
TYL	B	0.01%
SAGE	F	0.01%
PRLB	A	0.01%
MC	C	0.01%
URBN	C	0.01%
WGO	C	0.01%
AEO	F	0.01%
BXC	B	0.01%
SSB	B	0.01%
BKU	A	0.01%
FOUR	B	0.01%
GSAT	C	0.01%
FICO	B	0.01%
VEEV	C	0.01%
PB	A	0.01%
CADE	B	0.01%
SCHL	D	0.01%
HMN	B	0.01%
DAWN	F	0.01%
SNA	A	0.01%
HURN	B	0.01%
HWC	B	0.01%
RLI	B	0.01%
PLUS	F	0.01%
GRBK	D	0.01%
WTM	A	0.01%
VNT	B	0.01%
WD	D	0.01%
ASB	B	0.01%
OZK	B	0.01%
SSYS	C	0.01%
ACIW	B	0.01%
KNF	A	0.01%
MNKD	C	0.01%
IPGP	D	0.01%
FDS	B	0.01%
BCRX	D	0.01%
UMBF	B	0.01%
HGV	B	0.01%
KIDS	D	0.01%
ANSS	B	0.01%
ACT	D	0.01%
MDXG	B	0.01%
TRUP	B	0.01%
PRG	C	0.01%
TARS	B	0.01%
FNB	A	0.01%
PNFP	B	0.01%
SYNA	C	0.01%
CBSH	A	0.01%
AKRO	B	0.01%
BRC	D	0.01%
PII	D	0.01%
KFRC	D	0.01%
LCII	C	0.01%
SKY	A	0.01%
PTGX	C	0.01%
EXLS	B	0.01%
PIPR	B	0.01%
CFR	B	0.01%
IMVT	F	0.01%
FG	B	0.01%
MTG	C	0.01%
FHI	A	0.01%
TDC	D	0.01%
VRSN	F	0.01%
IDT	B	0.01%
DIOD	D	0.01%
WBS	A	0.01%
SBAC	D	0.01%
HTH	B	0.01%
MTCH	D	0.01%
CSX	B	0.01%
VLY	B	0.01%
IOSP	B	0.01%
KWR	C	0.01%
CCRN	F	0.01%
RDN	C	0.01%
XYL	D	0.01%
SBH	C	0.01%
ENS	D	0.01%
IR	B	0.01%
BEAM	D	0.01%
NGVT	B	0.01%
TDOC	C	0.01%
IRT	A	0.01%
UCTT	D	0.01%
MSM	C	0.01%
RXRX	F	0.01%
ASIX	A	0.01%
CRVL	A	0.01%
SITE	D	0.01%
UNF	B	0.01%
NMRK	B	0.01%
LAMR	D	0.01%
SXT	B	0.01%
HLI	B	0.01%
CABO	C	0.01%
RCKT	F	0.01%
SNDX	F	0.01%
MSCI	C	0.01%
EXPI	C	0.01%
CNM	D	0.01%
MORN	B	0.01%
WTFC	A	0.01%
PINC	B	0.01%
UPBD	B	0.01%
UHAL	D	0.01%
INVA	D	0.01%
ANIP	F	0.01%
IRWD	F	0.01%
TGNA	B	0.01%
ADMA	B	0.01%
CXT	B	0.01%
IAC	D	0.01%
AGIO	C	0.01%
EWTX	C	0.01%
LANC	C	0.01%
VNO	B	0.01%
FNA	C	0.01%
BECN	B	0.01%
KROS	D	0.01%
DFH	D	0.01%
SANA	F	0.01%
CC	C	0.01%
DOC	D	0.01%
COIN	C	0.01%
TTMI	B	0.01%
CGON	F	0.01%
ASTH	D	0.01%
XNCR	B	0.01%
HUBB	B	0.01%
LMAT	A	0.01%
DYN	F	0.01%
AIV	C	0.01%
BCC	B	0.01%
PSTG	D	0.01%
CRSR	C	0.01%
ICFI	F	0.01%
BGC	C	0.01%
BOKF	B	0.01%
TTWO	A	0.01%
IRM	D	0.01%
TNC	D	0.01%
EVH	F	0.01%
CPRX	C	0.01%
ADUS	D	0.01%
NTLA	F	0.01%
KFY	B	0.01%
ARE	D	0.01%
RNA	D	0.01%
COLL	F	0.01%
TNL	A	0.01%
CSTL	D	0.01%
ARDX	F	0.01%
O	D	0.01%
FTV	C	0.01%
UFPI	B	0.01%
BZH	B	0.01%
GNRC	B	0.01%
TRMB	B	0.01%
CDNS	B	0.01%
TEX	D	0.01%
SEIC	B	0.01%
JBSS	D	0.01%
STGW	B	0.01%
PBH	A	0.01%
ACLX	C	0.01%
VSAT	F	0.01%
RYTM	C	0.01%
DVAX	C	0.01%
SNV	B	0.01%
HRMY	D	0.01%
QRVO	F	0.01%
CIEN	B	0.01%
CNDT	C	0.01%
VERA	B	0.01%
GERN	D	0.01%
ADSK	A	0.01%
KEYS	A	0.01%
HHH	B	0.01%
AME	A	0.01%
KYMR	D	0.01%
EMN	D	0.01%
NHC	C	0.01%
LGND	B	0.01%
VAC	B	0.01%
CNO	A	0.01%
NVST	B	0.01%
ARVN	D	0.01%
DNLI	D	0.01%
KO	D	0.01%
ASH	D	0.01%
SPTN	D	0.01%
BC	C	0.01%
JANX	C	0.01%
ASGN	F	0.01%
CLH	B	0.01%
BGS	F	0.01%
AIT	A	0.01%
TRU	D	0.01%
BHE	B	0.01%
FL	F	0.01%
GT	C	0.01%
PRVA	B	0.01%
ABNB	C	0.01%
LGIH	D	0.01%
DOV	A	0.01%
VIR	D	0.01%
COHR	B	0.01%
UWMC	D	0.01%
THO	B	0.01%
CSGP	D	0.01%
ERIE	D	0.01%
LGF.A	C	0.01%
NARI	C	0.01%
AMG	B	0.01%
HOV	D	0.01%
URI	B	0.01%
VRT	B	0.01%
NSIT	F	0.01%
UFPT	B	0.01%
FDX	B	0.01%
PCRX	C	0.01%
PSA	D	0.01%
FCNCA	A	0.01%
CE	F	0.01%
VCEL	B	0.01%
ULTA	F	0.01%
CLDX	F	0.01%
NXST	C	0.01%
FTNT	C	0.01%
VRSK	A	0.01%
INSP	D	0.01%
TWST	D	0.01%
IDYA	F	0.01%
MYGN	F	0.01%
EEFT	B	0.01%
TGTX	B	0.01%
MSEX	B	0.01%
WDAY	B	0.01%
FHN	A	0.01%
SEE	C	0.01%
GDDY	A	0.01%
VSH	D	0.01%
ESAB	B	0.01%
ARES	A	0.01%
EDR	A	0.01%
PANW	C	0.01%
AMPH	D	0.01%
BXP	D	0.01%
NVAX	F	0.01%
NTRA	B	0.01%
ZION	B	0.01%
AMRK	F	0.01%
ROP	B	0.01%
SCI	B	0.01%
SWTX	C	0.01%
SUPN	C	0.01%
TER	D	0.01%
BCO	D	0.01%
MRVL	B	0.01%
PDCO	D	0.01%
EVR	B	0.01%
AKAM	D	0.01%
SCLX	F	0.0%
VIRT	B	0.0%
OABI	F	0.0%
ABUS	D	0.0%
QTRX	F	0.0%
OLMA	F	0.0%
PRME	F	0.0%
ABSI	F	0.0%
LYEL	F	0.0%
STOK	F	0.0%
APLT	B	0.0%
BLFS	C	0.0%
CELC	F	0.0%
ALT	C	0.0%
MNMD	C	0.0%
PHAT	F	0.0%
EYPT	F	0.0%
ORIC	F	0.0%
CTKB	C	0.0%
YMAB	F	0.0%
ALEC	F	0.0%
COLB	A	0.0%
PLAB	C	0.0%
COGT	D	0.0%
NUVB	C	0.0%
MLYS	F	0.0%
WAFD	B	0.0%
CNS	B	0.0%
MSGS	A	0.0%
CRAI	B	0.0%
IRON	B	0.0%
SVRA	D	0.0%
NDSN	B	0.0%
TW	A	0.0%
MLI	C	0.0%
RLAY	F	0.0%
ITRI	B	0.0%
ALGM	D	0.0%
MMI	B	0.0%
WSFS	A	0.0%
STEP	B	0.0%
FORM	D	0.0%
DFIN	D	0.0%
UCB	A	0.0%
OSCR	D	0.0%
NRIX	D	0.0%
LBPH	A	0.0%
CBT	C	0.0%
BSY	D	0.0%
OCUL	D	0.0%
AEIS	B	0.0%
NVEE	F	0.0%
FHB	A	0.0%
TTD	B	0.0%
ANAB	F	0.0%
IMNM	F	0.0%
SAFT	C	0.0%
ETNB	C	0.0%
SPRY	D	0.0%
CATY	B	0.0%
VRDN	D	0.0%
CHH	A	0.0%
GBCI	B	0.0%
HSII	B	0.0%
HZO	D	0.0%
ZEUS	C	0.0%
PLAY	D	0.0%
SIGA	F	0.0%
REYN	D	0.0%
PLRX	F	0.0%
IRTC	D	0.0%
HOMB	A	0.0%
TYRA	F	0.0%
TRIP	F	0.0%
GOLF	B	0.0%
ARQT	C	0.0%
ARCT	F	0.0%
GIC	D	0.0%
CNA	B	0.0%
SONO	C	0.0%
KURA	F	0.0%
LQDA	D	0.0%
CBZ	B	0.0%
CTS	C	0.0%
RCUS	F	0.0%
SFNC	B	0.0%
CARR	D	0.0%
PNTG	D	0.0%
BBSI	B	0.0%
TVTX	B	0.0%
FULT	A	0.0%
UVE	B	0.0%
DORM	B	0.0%
AZZ	B	0.0%
SATS	D	0.0%
PTC	A	0.0%
ROG	D	0.0%
LFST	C	0.0%
CGEM	F	0.0%
SIBN	F	0.0%
NSC	B	0.0%
VCTR	B	0.0%
PJT	A	0.0%
IEX	B	0.0%
ABCB	B	0.0%

HKND Underweight 92 Positions Relative to IQSM

Symbol	Grade	Weight
PKG	A	-1.0%
YUMC	C	-0.86%
PNR	A	-0.84%
NTNX	A	-0.83%
RPM	A	-0.83%
MANH	D	-0.82%
OC	A	-0.81%
XPO	B	-0.81%
DOCU	A	-0.77%
TWLO	A	-0.76%
FLEX	A	-0.72%
USFD	A	-0.72%
GWRE	A	-0.72%
SAIA	B	-0.69%
DT	C	-0.68%
RNR	C	-0.64%
TPR	B	-0.63%
CHRW	C	-0.62%
KMX	B	-0.59%
NVT	B	-0.58%
FTI	A	-0.58%
BLD	D	-0.55%
BJ	A	-0.55%
Z	A	-0.55%
LW	C	-0.55%
NCLH	B	-0.54%
NWSA	B	-0.53%
CUBE	D	-0.51%
PRI	A	-0.5%
LAD	A	-0.48%
OHI	C	-0.47%
MKTX	D	-0.47%
ARMK	B	-0.46%
QGEN	D	-0.46%
GLOB	B	-0.46%
DTM	B	-0.46%
BRBR	A	-0.45%
FBIN	D	-0.45%
FN	D	-0.44%
REXR	F	-0.43%
KNX	B	-0.42%
RL	B	-0.41%
GPK	C	-0.41%
MTZ	B	-0.41%
PLNT	A	-0.4%
X	C	-0.39%
TREX	C	-0.37%
ADC	B	-0.36%
JAZZ	B	-0.36%
ESTC	C	-0.36%
AA	B	-0.35%
OLED	D	-0.35%
RIVN	F	-0.35%
G	B	-0.35%
MHK	D	-0.35%
GNTX	C	-0.34%
WEX	D	-0.34%
GTLS	B	-0.34%
ALV	C	-0.34%
BPOP	B	-0.33%
FR	C	-0.33%
AGNC	D	-0.33%
LSCC	D	-0.33%
CGNX	C	-0.33%
MKSI	C	-0.33%
DINO	D	-0.32%
AZEK	A	-0.32%
LSTR	D	-0.32%
PARA	C	-0.32%
HLNE	B	-0.32%
CFLT	B	-0.31%
STAG	F	-0.31%
AXS	A	-0.31%
NOV	C	-0.3%
MSA	D	-0.3%
PVH	C	-0.28%
SUM	B	-0.28%
STWD	C	-0.28%
CHX	C	-0.28%
WFRD	D	-0.28%
CROX	D	-0.28%
ETSY	D	-0.28%
ALTR	B	-0.27%
CLF	F	-0.26%
LEA	D	-0.26%
PATH	C	-0.26%
AM	A	-0.24%
ST	F	-0.23%
AN	C	-0.21%
CACC	D	-0.13%
LEVI	F	-0.08%
LCID	F	-0.08%