HKND vs. NXTV ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Simplify Next Intangible Value Index ETF (NXTV)

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

$33.07

Average Daily Volume

1,881

Number of Holdings ^*

960

* may have additional holdings in another (foreign) market

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.45

Average Daily Volume

731

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	HKND	NXTV
30 Days	0.40%	3.77%
60 Days	0.09%	4.81%
90 Days	0.71%	8.56%
12 Months	18.82%

112 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in NXTV	Overlap
ACI	C	0.07%	0.49%	0.07%
ADM	D	1.37%	0.4%	0.4%
ADTN	A	0.02%	0.17%	0.02%
AEO	F	0.01%	0.17%	0.01%
AIG	B	0.23%	0.75%	0.23%
AIT	B	0.02%	0.22%	0.02%
AIZ	A	0.13%	0.16%	0.13%
ALB	B	0.01%	0.43%	0.01%
ALIT	C	0.02%	0.16%	0.02%
ALL	A	0.22%	0.74%	0.22%
ALLY	C	0.04%	0.2%	0.04%
AMKR	D	0.02%	0.26%	0.02%
ARE	F	0.01%	0.28%	0.01%
ARW	D	0.02%	0.17%	0.02%
BAX	F	0.7%	0.53%	0.53%
BBY	D	0.25%	0.91%	0.25%
BEN	C	0.04%	0.16%	0.04%
BG	D	0.82%	0.18%	0.18%
BIIB	F	0.24%	0.78%	0.24%
BIO	C	0.09%	0.26%	0.09%
BLDR	D	0.02%	0.24%	0.02%
C	A	0.44%	1.95%	0.44%
CFG	B	0.04%	0.3%	0.04%
CIEN	C	0.01%	0.36%	0.01%
CINF	A	0.04%	0.33%	0.04%
CMCSA	B	0.71%	5.48%	0.71%
CNA	C	0.0%	0.2%	0.0%
CNC	D	0.26%	0.48%	0.26%
COF	C	0.2%	0.96%	0.2%
COTY	F	0.0%	0.19%	0.0%
CPB	D	0.07%	0.21%	0.07%
CRBG	B	0.06%	0.29%	0.06%
CTVA	C	1.43%	0.62%	0.62%
CVS	D	0.43%	1.08%	0.43%
CXT	C	0.01%	0.13%	0.01%
DBX	B	0.01%	0.34%	0.01%
DD	C	0.31%	0.69%	0.31%
DELL	B	1.11%	3.41%	1.11%
DLB	B	0.01%	0.05%	0.01%
DXC	B	0.08%	0.15%	0.08%
EBAY	D	0.05%	1.1%	0.05%
EL	F	0.03%	0.74%	0.03%
EQH	C	0.06%	0.22%	0.06%
EXEL	B	0.06%	0.27%	0.06%
EXPE	B	0.05%	0.36%	0.05%
FCNCA	A	0.01%	0.71%	0.01%
FDX	B	0.01%	1.15%	0.01%
FHN	A	0.02%	0.14%	0.02%
FLS	B	0.01%	0.17%	0.01%
FNF	B	0.07%	0.24%	0.07%
FYBR	C	0.04%	0.37%	0.04%
GAP	C	0.02%	0.37%	0.02%
GFS	C	0.02%	0.91%	0.02%
GL	C	0.02%	0.15%	0.02%
GPC	D	0.04%	0.28%	0.04%
HPE	B	0.22%	1.06%	0.22%
HPQ	B	0.79%	1.47%	0.79%
HSIC	C	0.12%	0.27%	0.12%
HUM	C	0.23%	0.55%	0.23%
IAC	F	0.01%	0.17%	0.01%
ILMN	C	0.1%	0.58%	0.1%
INCY	C	0.11%	0.41%	0.11%
INGR	C	0.53%	0.13%	0.13%
INTC	C	1.8%	3.52%	1.8%
JEF	A	0.05%	0.2%	0.05%
JLL	D	0.05%	0.2%	0.05%
JNPR	D	0.01%	0.54%	0.01%
KD	B	0.08%	0.22%	0.08%
KR	B	0.23%	1.77%	0.23%
L	A	0.06%	0.27%	0.06%
LEN	D	0.14%	0.6%	0.14%
LKQ	F	0.03%	0.17%	0.03%
LUMN	C	0.15%	0.23%	0.15%
MET	A	0.21%	0.83%	0.21%
MKL	A	0.06%	0.34%	0.06%
MRNA	F	0.15%	0.57%	0.15%
NSIT	F	0.01%	0.23%	0.01%
NTAP	C	0.03%	0.98%	0.03%
NWS	A	0.03%	0.72%	0.03%
ORI	A	0.04%	0.14%	0.04%
PFE	F	1.42%	4.63%	1.42%
PFG	D	0.06%	0.29%	0.06%
PPG	F	0.03%	0.39%	0.03%
PRU	A	0.18%	0.67%	0.18%
RGA	A	0.06%	0.22%	0.06%
RHI	C	0.04%	0.18%	0.04%
ROKU	D	0.05%	0.21%	0.05%
RS	B	0.03%	0.38%	0.03%
SANM	B	0.03%	0.15%	0.03%
SATS	D	0.01%	0.23%	0.01%
SLAB	F	0.0%	0.14%	0.0%
SNA	A	0.01%	0.22%	0.01%
SNX	D	0.06%	0.42%	0.06%
SOLV	D	0.17%	0.35%	0.17%
SWK	D	0.03%	0.28%	0.03%
SYF	B	0.09%	0.34%	0.09%
SYY	D	0.07%	0.57%	0.07%
T	A	0.89%	5.05%	0.89%
TOL	B	0.05%	0.18%	0.05%
TRV	B	0.18%	0.83%	0.18%
UNM	A	0.04%	0.18%	0.04%
URBN	C	0.01%	0.15%	0.01%
USM	B	0.03%	0.22%	0.03%
VTRS	A	0.25%	0.42%	0.25%
VZ	C	0.86%	4.68%	0.86%
WBD	B	0.08%	0.13%	0.08%
WCC	B	0.02%	0.23%	0.02%
WDC	D	0.1%	0.92%	0.1%
WHR	B	0.05%	0.16%	0.05%
WRB	A	0.04%	0.34%	0.04%
XRAY	F	0.01%	0.14%	0.01%
ZBH	C	0.45%	0.64%	0.45%

HKND Overweight 848 Positions Relative to NXTV

Symbol	Grade	Weight
GOOGL	C	4.19%
PG	C	3.88%
MSFT	D	2.38%
AAPL	C	2.18%
JNJ	C	1.97%
DE	B	1.95%
LLY	F	1.74%
ABBV	F	1.67%
MOS	F	1.63%
MRK	D	1.52%
SYK	B	1.2%
CL	D	1.18%
WMT	A	1.15%
BDX	F	1.09%
ABT	B	1.09%
BMY	B	1.05%
CI	D	1.0%
CF	A	0.98%
UNH	B	0.96%
AMGN	F	0.96%
LH	B	0.93%
GEHC	D	0.9%
ECL	D	0.89%
HCA	F	0.85%
GILD	C	0.85%
JPM	A	0.77%
BSX	A	0.76%
TMO	F	0.75%
AMZN	C	0.68%
FMC	D	0.66%
AGCO	D	0.66%
DGX	A	0.62%
VRTX	D	0.61%
BAC	A	0.59%
FDP	B	0.57%
WFC	A	0.53%
MCK	A	0.52%
DHR	F	0.51%
SJM	D	0.46%
MS	A	0.45%
TMUS	B	0.44%
IQV	F	0.43%
KVUE	A	0.43%
REGN	F	0.41%
HD	B	0.4%
GS	A	0.39%
PEP	F	0.38%
CHD	A	0.37%
ISRG	A	0.35%
AWK	C	0.34%
COR	B	0.34%
CAH	B	0.33%
THC	D	0.32%
ELV	F	0.32%
VLTO	C	0.32%
CAG	F	0.31%
MDLZ	F	0.29%
SPB	C	0.29%
J	D	0.28%
EW	C	0.28%
FELE	B	0.27%
HOLX	D	0.26%
GIS	D	0.26%
K	A	0.26%
LOW	C	0.25%
IBM	C	0.25%
DIS	B	0.24%
CLX	A	0.24%
AXP	A	0.23%
PGR	A	0.22%
ORCL	A	0.22%
WBA	F	0.21%
TSLA	B	0.21%
CHTR	C	0.2%
ZWS	B	0.19%
CSCO	B	0.19%
RMD	C	0.19%
UHS	D	0.18%
DOW	F	0.17%
V	A	0.17%
ENOV	C	0.15%
A	D	0.14%
USB	A	0.14%
TFX	F	0.14%
DXCM	C	0.14%
FSLR	F	0.14%
CTLT	C	0.14%
DHI	F	0.14%
AMAT	F	0.14%
QCOM	F	0.14%
JBL	C	0.14%
DVA	C	0.13%
TGT	F	0.13%
PNC	B	0.12%
AVGO	D	0.12%
BLK	B	0.12%
MU	D	0.12%
BK	A	0.12%
CBRE	B	0.12%
MA	B	0.12%
MMC	B	0.12%
AVTR	F	0.12%
GLW	B	0.11%
NVDA	B	0.11%
TFC	A	0.11%
RVTY	F	0.11%
COST	A	0.11%
SEM	B	0.11%
TITN	C	0.11%
STT	B	0.1%
NFLX	A	0.1%
CRM	B	0.1%
RPRX	D	0.1%
RDNT	B	0.1%
PYPL	B	0.1%
TXN	C	0.1%
IART	C	0.1%
AHCO	F	0.1%
FTRE	D	0.1%
HIG	B	0.1%
MASI	B	0.1%
ICUI	D	0.1%
AFL	B	0.09%
PODD	C	0.09%
DFS	B	0.09%
MAN	F	0.09%
SCHW	B	0.09%
UTHR	C	0.09%
FLO	D	0.09%
LRCX	F	0.09%
AMP	A	0.09%
KMB	C	0.09%
ALNY	D	0.09%
CRL	D	0.09%
EMBC	C	0.08%
RUN	F	0.08%
UAN	B	0.08%
BKNG	A	0.08%
EHC	B	0.08%
OGN	F	0.08%
WTRG	B	0.08%
ITGR	B	0.08%
ACM	B	0.08%
CTSH	B	0.08%
ALG	B	0.08%
LXU	B	0.08%
AVB	B	0.07%
GMED	A	0.07%
TJX	A	0.07%
MOH	F	0.07%
NBIX	C	0.07%
FOX	A	0.07%
FI	A	0.07%
RJF	A	0.07%
SQ	A	0.07%
PHM	D	0.07%
EQR	C	0.07%
BMRN	F	0.07%
WST	C	0.07%
CWT	C	0.07%
WAT	C	0.07%
ENPH	F	0.07%
MMSI	A	0.07%
ADP	A	0.07%
MTD	F	0.07%
HAE	C	0.07%
POST	C	0.07%
UNFI	A	0.06%
BERY	C	0.06%
HSY	F	0.06%
GXO	B	0.06%
VTR	B	0.06%
WM	B	0.06%
CMI	A	0.06%
GWW	B	0.06%
MMM	D	0.06%
CNMD	C	0.06%
AYI	B	0.06%
AMD	F	0.06%
CDW	F	0.06%
TECH	F	0.06%
MAR	A	0.06%
FAF	A	0.05%
SUI	C	0.05%
INVH	D	0.05%
MAA	B	0.05%
LBRDA	C	0.05%
SHW	B	0.05%
SJW	F	0.05%
BRKR	D	0.05%
FITB	B	0.05%
NVR	D	0.05%
ADBE	C	0.05%
WLK	D	0.05%
OPK	C	0.05%
APH	A	0.05%
LNC	C	0.05%
LPLA	A	0.05%
SRPT	F	0.05%
OMC	C	0.05%
SMG	C	0.05%
PEN	B	0.05%
IFF	D	0.05%
HUN	F	0.04%
LNN	B	0.04%
ZBRA	B	0.04%
SNEX	B	0.04%
AFG	A	0.04%
ADI	D	0.04%
AZO	C	0.04%
RSG	A	0.04%
GPN	B	0.04%
APO	B	0.04%
LYV	A	0.04%
FIS	C	0.04%
TMHC	C	0.04%
GME	C	0.04%
MEDP	D	0.04%
RVMD	C	0.04%
PCVX	D	0.04%
RF	A	0.04%
SCSC	C	0.04%
ITCI	C	0.04%
AJG	A	0.04%
OMI	F	0.04%
NOVT	D	0.04%
AVNS	F	0.04%
MD	C	0.04%
TTC	C	0.04%
ORLY	B	0.04%
CTAS	B	0.04%
EMR	B	0.04%
KEY	B	0.04%
ESS	B	0.04%
CR	A	0.04%
PH	A	0.04%
MTB	A	0.04%
TDS	B	0.04%
AWR	B	0.04%
WMG	D	0.04%
KLAC	F	0.04%
MKC	C	0.04%
TROW	B	0.04%
KLG	B	0.04%
NTRS	A	0.04%
TWI	F	0.03%
HLT	A	0.03%
LNTH	D	0.03%
CME	B	0.03%
CORT	B	0.03%
WSO	A	0.03%
MCO	B	0.03%
WELL	A	0.03%
OPCH	D	0.03%
ZG	A	0.03%
KMPR	A	0.03%
HALO	F	0.03%
KBH	D	0.03%
JXN	C	0.03%
ON	D	0.03%
MSI	B	0.03%
HWKN	B	0.03%
THG	A	0.03%
SMMT	D	0.03%
WTS	B	0.03%
ENSG	C	0.03%
CSL	C	0.03%
NEO	C	0.03%
GNW	A	0.03%
MIDD	C	0.03%
SGRY	F	0.03%
IONS	F	0.03%
CPT	B	0.03%
CHWY	B	0.03%
ITW	B	0.03%
FAST	B	0.03%
CYTK	F	0.03%
SPGI	C	0.03%
VOYA	B	0.03%
SPG	A	0.03%
AMH	C	0.03%
ICE	C	0.03%
OFIX	C	0.03%
AMT	C	0.03%
ELS	C	0.03%
EXAS	D	0.03%
SF	B	0.03%
UPS	C	0.03%
AMRX	C	0.03%
ENR	B	0.03%
INTU	B	0.03%
IPG	D	0.03%
KDP	F	0.03%
DAR	C	0.03%
IRDM	D	0.03%
REZI	A	0.03%
IT	C	0.03%
CG	B	0.03%
UDR	B	0.03%
BPMC	B	0.03%
IVZ	B	0.03%
HBAN	A	0.03%
VYX	B	0.03%
CNXN	C	0.03%
VKTX	F	0.03%
BKD	F	0.02%
SUPN	C	0.02%
BBWI	C	0.02%
ULTA	F	0.02%
NTRA	A	0.02%
SEE	C	0.02%
MSEX	C	0.02%
ALGN	D	0.02%
STC	B	0.02%
JANX	C	0.02%
DNLI	D	0.02%
SCI	B	0.02%
BXP	C	0.02%
WDAY	B	0.02%
APP	B	0.02%
ACLX	C	0.02%
PCRX	C	0.02%
HST	C	0.02%
ARES	A	0.02%
EWTX	C	0.02%
UTZ	D	0.02%
SIGI	C	0.02%
AVT	C	0.02%
SRRK	C	0.02%
PANW	B	0.02%
NATL	B	0.02%
VRT	B	0.02%
RARE	F	0.02%
TGTX	B	0.02%
KELYA	F	0.02%
CCS	D	0.02%
EPAM	B	0.02%
IDXX	F	0.02%
ATR	B	0.02%
FTNT	C	0.02%
SWKS	F	0.02%
CENTA	C	0.02%
EVR	B	0.02%
ESAB	C	0.02%
AAP	D	0.02%
ANET	C	0.02%
GKOS	B	0.02%
APLS	F	0.02%
DOX	D	0.02%
INSM	C	0.02%
MHO	D	0.02%
THS	D	0.02%
AXSM	B	0.02%
SNPS	B	0.02%
PLXS	B	0.02%
MRVL	B	0.02%
CCI	C	0.02%
ADV	D	0.02%
R	B	0.02%
PFSI	C	0.02%
MAS	D	0.02%
COOP	B	0.02%
ZION	B	0.02%
TSCO	D	0.02%
DKS	D	0.02%
SMPL	B	0.02%
ATEC	C	0.02%
TPH	D	0.02%
KRYS	C	0.02%
OTIS	C	0.02%
ENTG	D	0.02%
BR	A	0.02%
AORT	B	0.02%
BHF	C	0.02%
WMS	F	0.02%
ACAD	C	0.02%
AZTA	D	0.02%
GH	B	0.02%
MCY	A	0.02%
CRNX	C	0.02%
NWL	C	0.02%
CMA	B	0.02%
NDAQ	A	0.02%
PTCT	B	0.02%
BRO	B	0.02%
EA	A	0.02%
APD	A	0.02%
LECO	C	0.02%
XRX	F	0.02%
MCHP	F	0.02%
JJSF	C	0.02%
DLR	B	0.02%
COMP	B	0.02%
ROK	C	0.02%
IBKR	A	0.02%
MMS	F	0.02%
TNET	F	0.02%
WU	F	0.02%
OPEN	F	0.02%
OMF	A	0.02%
SSNC	B	0.02%
BBIO	F	0.02%
TPG	A	0.02%
AMED	F	0.02%
EME	A	0.02%
MDGL	B	0.02%
PWR	A	0.02%
SIRI	C	0.02%
TNDM	D	0.02%
FLGT	F	0.02%
ROST	D	0.02%
RKT	F	0.02%
PAYX	B	0.02%
EQIX	A	0.02%
ATRC	C	0.02%
PLD	F	0.02%
UNP	C	0.02%
NOW	A	0.02%
NUVL	C	0.02%
CHE	D	0.02%
NSP	F	0.02%
ABM	B	0.02%
MTH	D	0.02%
ITT	A	0.01%
UVE	B	0.01%
CCRN	F	0.01%
SONO	C	0.01%
VCYT	B	0.01%
CTS	C	0.01%
OCUL	D	0.01%
NSC	B	0.01%
CGEM	F	0.01%
PCTY	C	0.01%
FIVE	F	0.01%
MAT	D	0.01%
ELVN	D	0.01%
VCTR	B	0.01%
FULT	A	0.01%
RGNX	D	0.01%
VZIO	A	0.01%
PLUS	F	0.01%
NYT	D	0.01%
BBSI	B	0.01%
SFNC	C	0.01%
IEX	C	0.01%
PLAY	D	0.01%
USPH	B	0.01%
REG	A	0.01%
DIOD	D	0.01%
AGL	F	0.01%
PII	F	0.01%
KE	C	0.01%
UFCS	A	0.01%
ABCB	B	0.01%
BRX	A	0.01%
UBSI	B	0.01%
IRTC	C	0.01%
LFST	B	0.01%
NX	C	0.01%
KURA	F	0.01%
BCRX	D	0.01%
FRPT	A	0.01%
HAS	D	0.01%
TYL	B	0.01%
ONB	C	0.01%
VRDN	D	0.01%
GMS	B	0.01%
CVCO	A	0.01%
DYN	F	0.01%
DORM	B	0.01%
GTES	A	0.01%
GRBK	D	0.01%
TMCI	C	0.01%
MIRM	B	0.01%
CMC	B	0.01%
WTM	A	0.01%
FOUR	A	0.01%
WGO	C	0.01%
APAM	B	0.01%
QRVO	F	0.01%
WPC	C	0.01%
BKU	A	0.01%
ANSS	B	0.01%
PJT	A	0.01%
LBPH	A	0.01%
DAWN	D	0.01%
WH	B	0.01%
LFUS	D	0.01%
MTN	C	0.01%
UCTT	D	0.01%
ACT	C	0.01%
WD	D	0.01%
KFRC	D	0.01%
SSB	B	0.01%
MTCH	D	0.01%
MC	C	0.01%
SYNA	C	0.01%
APG	B	0.01%
CNM	D	0.01%
SFM	A	0.01%
PB	B	0.01%
NVAX	F	0.01%
IMVT	F	0.01%
PRLB	B	0.01%
NTLA	F	0.01%
LCII	C	0.01%
PTGX	D	0.01%
PSTG	D	0.01%
AVO	C	0.01%
XYL	D	0.01%
OZK	B	0.01%
HURN	C	0.01%
BXC	B	0.01%
VNT	C	0.01%
IPGP	D	0.01%
RLI	A	0.01%
ACIW	B	0.01%
CADE	B	0.01%
FIX	A	0.01%
RCKT	F	0.01%
SNDX	F	0.01%
KNF	B	0.01%
HWC	B	0.01%
VEEV	C	0.01%
HMN	B	0.01%
AKRO	B	0.01%
CE	F	0.01%
SKY	A	0.01%
FICO	B	0.01%
AMN	F	0.01%
MTG	C	0.01%
PRG	C	0.01%
TDC	D	0.01%
UWMC	D	0.01%
ARDX	F	0.01%
MYGN	F	0.01%
HGV	C	0.01%
BRC	D	0.01%
FDS	B	0.01%
VRSN	C	0.01%
ASTH	F	0.01%
ASB	B	0.01%
FG	A	0.01%
ASIX	B	0.01%
RDN	D	0.01%
FNB	A	0.01%
SBAC	D	0.01%
SMCI	F	0.01%
TCBI	C	0.01%
UMBF	B	0.01%
HTH	C	0.01%
FND	D	0.01%
JKHY	D	0.01%
CBSH	B	0.01%
ENS	F	0.01%
SSYS	B	0.01%
COLL	F	0.01%
CSX	C	0.01%
KWR	C	0.01%
DAY	B	0.01%
CRVL	B	0.01%
GERN	D	0.01%
LANC	C	0.01%
TRUP	B	0.01%
PIPR	A	0.01%
IRT	A	0.01%
MNKD	C	0.01%
DFH	D	0.01%
AXNX	A	0.01%
RCM	A	0.01%
RYAN	A	0.01%
CC	C	0.01%
TOST	B	0.01%
LAMR	C	0.01%
MSM	C	0.01%
SITE	F	0.01%
AOS	F	0.01%
UPBD	B	0.01%
BEAM	D	0.01%
JBSS	F	0.01%
DOC	C	0.01%
IOSP	C	0.01%
IR	B	0.01%
BGS	F	0.01%
TDOC	C	0.01%
MORN	B	0.01%
ANIP	F	0.01%
UHAL	D	0.01%
SBH	C	0.01%
SXT	C	0.01%
MRVI	F	0.01%
CABO	B	0.01%
TNC	D	0.01%
AIV	C	0.01%
FL	F	0.01%
MSCI	C	0.01%
UNF	B	0.01%
HRB	D	0.01%
ADUS	D	0.01%
INVA	D	0.01%
UI	B	0.01%
ADMA	B	0.01%
EXLS	B	0.01%
CFR	B	0.01%
RXRX	F	0.01%
GSAT	C	0.01%
PNFP	B	0.01%
O	C	0.01%
CRSR	C	0.01%
CLDX	F	0.01%
VLY	B	0.01%
NGVT	B	0.01%
FHI	B	0.01%
EXPI	D	0.01%
TVTX	C	0.01%
ICFI	F	0.01%
SPTN	D	0.01%
BECN	B	0.01%
IRM	C	0.01%
PINC	B	0.01%
TEX	F	0.01%
MDXG	B	0.01%
PAYC	B	0.01%
HLI	A	0.01%
WBS	A	0.01%
ERIE	D	0.01%
HRMY	D	0.01%
CGON	F	0.01%
NMRK	C	0.01%
IDT	B	0.01%
KO	D	0.01%
HUBB	B	0.01%
AXTA	B	0.01%
BCC	B	0.01%
AGIO	C	0.01%
CPRX	C	0.01%
IRWD	F	0.01%
KIM	A	0.01%
FNA	B	0.01%
KFY	B	0.01%
KEX	B	0.01%
FTV	C	0.01%
BGC	C	0.01%
ASH	F	0.01%
ARVN	F	0.01%
TWST	F	0.01%
LMAT	A	0.01%
CDNS	B	0.01%
IDYA	F	0.01%
HOV	D	0.01%
CNXC	F	0.01%
NHC	C	0.01%
WTFC	A	0.01%
KEYS	A	0.01%
BURL	B	0.01%
TGNA	B	0.01%
TTWO	A	0.01%
BOKF	B	0.01%
VSH	F	0.01%
UFPI	C	0.01%
WAL	B	0.01%
PDCO	F	0.01%
CSTL	D	0.01%
EMN	C	0.01%
LGF.A	C	0.01%
RNA	C	0.01%
TER	F	0.01%
INSP	D	0.01%
KYMR	D	0.01%
TTMI	C	0.01%
STGW	A	0.01%
AMRK	F	0.01%
TXG	F	0.01%
VNO	C	0.01%
TARS	C	0.01%
CSGP	D	0.01%
NVST	B	0.01%
HHH	B	0.01%
LGND	C	0.01%
BC	C	0.01%
RGEN	D	0.01%
RRX	B	0.01%
PBH	A	0.01%
ESI	B	0.01%
TRU	D	0.01%
AKAM	D	0.01%
H	B	0.01%
ASGN	F	0.01%
CLH	C	0.01%
TNL	A	0.01%
DVAX	C	0.01%
GNRC	C	0.01%
BZH	C	0.01%
UFPT	C	0.01%
LGIH	F	0.01%
XNCR	B	0.01%
SEIC	B	0.01%
KROS	D	0.01%
COIN	C	0.01%
FFIV	B	0.01%
NXST	C	0.01%
AME	A	0.01%
TRMB	B	0.01%
NARI	C	0.01%
EEFT	B	0.01%
ADSK	A	0.01%
CNO	B	0.01%
GT	C	0.01%
BCO	F	0.01%
THO	B	0.01%
RYTM	C	0.01%
IOVA	F	0.01%
BHE	C	0.01%
GEN	B	0.01%
TTEK	F	0.01%
EWBC	A	0.01%
AMG	B	0.01%
PRVA	C	0.01%
VCEL	B	0.01%
SNV	C	0.01%
DOV	A	0.01%
LILAK	D	0.01%
VERA	C	0.01%
ABNB	C	0.01%
PSA	C	0.01%
CNDT	C	0.01%
VRSK	A	0.01%
VIR	D	0.01%
ROP	B	0.01%
COHR	B	0.01%
AMPH	F	0.01%
EDR	A	0.01%
FOLD	F	0.01%
EFX	F	0.01%
HAIN	D	0.01%
VAC	C	0.01%
FCN	F	0.01%
SWTX	C	0.01%
GDDY	A	0.01%
URI	C	0.01%
ARWR	D	0.01%
SCLX	F	0.0%
VIRT	A	0.0%
OABI	F	0.0%
PHAT	F	0.0%
ABUS	D	0.0%
BLFS	C	0.0%
ABSI	F	0.0%
QTRX	F	0.0%
PRME	F	0.0%
ANAB	F	0.0%
CELC	F	0.0%
OLMA	F	0.0%
SVRA	F	0.0%
ORIC	F	0.0%
LYEL	F	0.0%
SIGA	F	0.0%
ALGM	D	0.0%
STOK	F	0.0%
FORM	D	0.0%
OSCR	D	0.0%
YMAB	F	0.0%
LQDA	F	0.0%
ALEC	F	0.0%
ALT	C	0.0%
CTKB	C	0.0%
NUVB	C	0.0%
PLAB	C	0.0%
RLAY	F	0.0%
DFIN	D	0.0%
PGNY	F	0.0%
MPWR	F	0.0%
TYRA	F	0.0%
FDMT	F	0.0%
IMNM	F	0.0%
MSGS	A	0.0%
NDSN	B	0.0%
TW	A	0.0%
COGT	D	0.0%
MODG	F	0.0%
BSY	F	0.0%
ARCT	F	0.0%
WAFD	B	0.0%
GIC	D	0.0%
APLT	C	0.0%
NVEE	F	0.0%
EOLS	D	0.0%
ZEUS	C	0.0%
REYN	D	0.0%
IBP	D	0.0%
WSFS	B	0.0%
CRAI	C	0.0%
ONTO	F	0.0%
HZO	F	0.0%
UCB	A	0.0%
SAGE	F	0.0%
MMI	C	0.0%
PLRX	D	0.0%
MNMD	C	0.0%
CNS	B	0.0%
AEIS	C	0.0%
MLYS	F	0.0%
EYPT	D	0.0%
SAVA	C	0.0%
COLB	B	0.0%
ETNB	C	0.0%
IRON	B	0.0%
GGG	B	0.0%
VSAT	F	0.0%
SAFT	B	0.0%
GOLF	B	0.0%
SPRY	C	0.0%
STEP	C	0.0%
CBT	D	0.0%
ITRI	C	0.0%
TKR	D	0.0%
MLI	B	0.0%
AZZ	A	0.0%
FHB	B	0.0%
ARQT	B	0.0%
TKO	A	0.0%
CRUS	D	0.0%
KIDS	D	0.0%
ANF	F	0.0%
SIBN	F	0.0%
TRIP	F	0.0%
TTD	B	0.0%
CHH	A	0.0%
FRT	B	0.0%
ROG	D	0.0%
RCUS	F	0.0%
CBZ	B	0.0%
SANA	F	0.0%
EXR	C	0.0%
PNTG	D	0.0%
DCI	B	0.0%
NRIX	C	0.0%
EVH	F	0.0%
HOMB	A	0.0%
ACHC	F	0.0%
SCHL	F	0.0%
PTC	B	0.0%
HSII	B	0.0%
CATY	B	0.0%
YORW	F	0.0%
POOL	C	0.0%
CARR	C	0.0%
GBCI	B	0.0%

HKND Underweight 82 Positions Relative to NXTV

Symbol	Grade	Weight
GM	C	-1.04%
ZM	C	-0.96%
VICI	C	-0.85%
FOXA	A	-0.83%
DG	F	-0.76%
SNAP	D	-0.75%
F	C	-0.72%
NUE	C	-0.67%
KHC	F	-0.62%
DLTR	F	-0.61%
TWLO	A	-0.55%
CACI	D	-0.53%
SRE	A	-0.53%
D	C	-0.5%
TPR	B	-0.48%
IP	A	-0.47%
PCG	A	-0.46%
LBRDK	C	-0.46%
CCL	A	-0.45%
CTRA	B	-0.45%
EQT	B	-0.39%
UAL	A	-0.39%
MRO	B	-0.39%
EXC	C	-0.38%
ED	C	-0.36%
FLEX	B	-0.35%
LUV	C	-0.34%
ETR	B	-0.32%
TSN	B	-0.32%
PATH	C	-0.31%
LEVI	F	-0.3%
FTI	A	-0.3%
BILL	A	-0.29%
PEGA	B	-0.29%
OVV	B	-0.27%
U	C	-0.27%
DDS	B	-0.27%
TXT	D	-0.26%
EG	C	-0.24%
PPL	A	-0.24%
VFC	C	-0.23%
PFGC	B	-0.22%
CNH	C	-0.21%
RPM	A	-0.21%
W	D	-0.21%
RNR	C	-0.21%
M	F	-0.2%
ELAN	D	-0.2%
CLVT	D	-0.2%
KMX	B	-0.2%
JAZZ	B	-0.2%
RIVN	F	-0.19%
PAG	B	-0.19%
AR	B	-0.19%
UPST	B	-0.18%
AA	A	-0.18%
DINO	D	-0.18%
COKE	C	-0.17%
JWN	D	-0.17%
TAP	C	-0.17%
SIG	B	-0.16%
BWA	D	-0.16%
NI	A	-0.16%
NOV	C	-0.16%
PVH	C	-0.16%
ZI	D	-0.16%
WFRD	D	-0.15%
X	B	-0.15%
CLF	F	-0.15%
LAD	A	-0.15%
ASO	F	-0.15%
FRSH	B	-0.15%
EVRG	A	-0.14%
AGR	A	-0.14%
CIVI	D	-0.13%
SON	F	-0.13%
MUR	D	-0.12%
ALKS	C	-0.12%
CPRI	F	-0.1%
LCID	F	-0.09%
MGM	D	-0.08%
BYD	B	-0.05%