HKND vs. NZAC ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$31.33

Average Daily Volume

606

Number of Holdings ^*

962

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$34.73

Average Daily Volume

4,590

Number of Holdings ^*

368

* may have additional holdings in another (foreign) market

Performance

Period	HKND	NZAC
30 Days	-0.55%	1.93%
60 Days	4.00%	8.47%
90 Days	1.02%	3.75%
12 Months	13.50%	20.05%

272 Overlapping Holdings

	Symbol	Grade	Weight in HKND	Weight in NZAC	Overlap
	A	C	0.13%	0.06%	0.06%
	AAPL	B	2.52%	4.5%	2.52%
	ABBV	B	1.94%	0.37%	0.37%
	ABBV	B	1.94%	0.65%	0.65%
	ABNB	C	0.01%	0.05%	0.01%
	ABT	C	1.08%	0.19%	0.19%
	ACM	C	0.08%	0.31%	0.08%
	ADBE	C	0.05%	0.39%	0.05%
	ADI	B	0.04%	0.56%	0.04%
	ADP	B	0.06%	0.18%	0.06%
	ADSK	B	0.01%	0.08%	0.01%
	AFG	C	0.03%	0.07%	0.03%
	AFL	A	0.08%	0.24%	0.08%
	AIG	C	0.21%	0.15%	0.15%
	AIZ	D	0.11%	0.07%	0.07%
	AJG	A	0.04%	0.07%	0.04%
	ALB	F	0.01%	0.01%	0.01%
	ALGN	F	0.02%	0.03%	0.02%
	ALL	D	0.2%	0.12%	0.12%
	ALLY	B	0.05%	0.02%	0.02%
	ALNY	B	0.1%	0.02%	0.02%
	AMAT	B	0.18%	0.18%	0.18%
	AMD	B	0.07%	0.32%	0.07%
	AME	D	0.01%	0.15%	0.01%
	AMGN	B	1.03%	0.24%	0.24%
	AMP	A	0.07%	0.13%	0.07%
	AMT	B	0.04%	0.11%	0.04%
	AMZN	A	0.59%	2.26%	0.59%
	ANET	B	0.02%	0.06%	0.02%
	ANSS	C	0.01%	0.02%	0.01%
	APH	B	0.05%	0.12%	0.05%
	APO	A	0.03%	0.13%	0.03%
	AVB	A	0.06%	0.11%	0.06%
	AVGO	B	0.14%	1.27%	0.14%
	AVTR	D	0.13%	0.03%	0.03%
	AXP	C	0.19%	0.31%	0.19%
	AZO	C	0.04%	0.1%	0.04%
	BAC	B	0.52%	0.4%	0.4%
	BAX	D	0.79%	0.03%	0.03%
	BBWI	D	0.01%	0.01%	0.01%
	BDX	C	1.15%	0.12%	0.12%
	BIIB	C	0.32%	0.05%	0.05%
	BIO	D	0.08%	0.01%	0.01%
	BK	B	0.1%	0.1%	0.1%
	BKNG	A	0.06%	0.2%	0.06%
	BLK	B	0.1%	0.22%	0.1%
	BMRN	C	0.11%	0.02%	0.02%
	BMY	D	0.86%	0.18%	0.18%
	BR	B	0.02%	0.08%	0.02%
	BRO	A	0.02%	0.05%	0.02%
	BSX	A	0.73%	0.28%	0.28%
	BURL	A	0.01%	0.03%	0.01%
	BXP	C	0.01%	0.06%	0.01%
	C	D	0.38%	0.01%	0.01%
	CARR	B	0.0%	0.03%	0.0%
	CBRE	B	0.1%	0.13%	0.1%
	CCI	D	0.02%	0.07%	0.02%
	CDW	C	0.08%	0.18%	0.08%
	CG	C	0.03%	0.01%	0.01%
	CHD	A	0.35%	0.11%	0.11%
	CHTR	C	0.19%	0.06%	0.06%
	CINF	C	0.04%	0.05%	0.04%
	CLX	D	0.21%	0.01%	0.01%
	CMCSA	D	0.64%	0.23%	0.23%
	CME	D	0.02%	0.12%	0.02%
	COF	D	0.15%	0.11%	0.11%
	COIN	C	0.01%	0.03%	0.01%
	CRM	D	0.06%	0.31%	0.06%
	CSCO	C	0.16%	0.34%	0.16%
	CSGP	F	0.01%	0.03%	0.01%
	CSX	D	0.01%	0.09%	0.01%
	CTAS	A	0.04%	0.03%	0.03%
	CTLT	B	0.15%	0.02%	0.02%
	CTSH	C	0.08%	0.07%	0.07%
	DE	D	1.83%	0.14%	0.14%
	DFS	B	0.07%	0.07%	0.07%
	DGX	B	0.6%	0.02%	0.02%
	DHI	C	0.15%	0.05%	0.05%
	DHR	B	0.57%	0.23%	0.23%
	DIS	C	0.19%	0.27%	0.19%
	DLR	B	0.02%	0.34%	0.02%
	DOC	B	0.01%	0.01%	0.01%
	DXCM	C	0.12%	0.06%	0.06%
	EA	B	0.02%	0.01%	0.01%
	EBAY	A	0.05%	0.13%	0.05%
	ECL	A	0.92%	0.06%	0.06%
	EFX	B	0.02%	0.03%	0.02%
	EL	F	0.03%	0.06%	0.03%
	ELV	B	0.43%	0.24%	0.24%
	ENPH	D	0.16%	0.11%	0.11%
	EPAM	D	0.01%	0.01%	0.01%
	EQH	A	0.05%	0.09%	0.05%
	EQIX	C	0.02%	0.3%	0.02%
	EQR	A	0.07%	0.07%	0.07%
	ERIE	C	0.01%	0.03%	0.01%
	ESS	B	0.04%	0.1%	0.04%
	EW	B	0.3%	0.15%	0.15%
	EXAS	D	0.03%	0.01%	0.01%
	EXR	A	0.01%	0.04%	0.01%
	FAST	C	0.02%	0.14%	0.02%
	FDS	C	0.01%	0.01%	0.01%
	FFIV	D	0.01%	0.14%	0.01%
	FIS	B	0.03%	0.06%	0.03%
	FOX	A	0.06%	0.02%	0.02%
	FSLR	C	0.24%	0.24%	0.24%
	FTNT	F	0.01%	0.06%	0.01%
	FTV	D	0.01%	0.1%	0.01%
	GDDY	B	0.01%	0.02%	0.01%
	GILD	C	0.66%	0.05%	0.05%
	GIS	C	0.26%	0.09%	0.09%
	GLW	A	0.1%	0.18%	0.1%
	GOOGL	A	4.01%	1.11%	1.11%
	GPN	F	0.03%	0.04%	0.03%
	GS	B	0.33%	0.05%	0.05%
	GWW	C	0.05%	0.18%	0.05%
	HBAN	C	0.02%	0.01%	0.01%
	HD	B	0.37%	0.53%	0.37%
	HIG	A	0.1%	0.11%	0.1%
	HLT	A	0.02%	0.02%	0.02%
	HOLX	C	0.27%	0.04%	0.04%
	HPE	B	0.25%	0.17%	0.17%
	HSIC	D	0.12%	0.05%	0.05%
	HSY	F	0.06%	0.06%	0.06%
	HUM	C	0.29%	0.09%	0.09%
	IBM	C	0.24%	0.52%	0.24%
	ICE	A	0.03%	0.12%	0.03%
	IDXX	D	0.02%	0.08%	0.02%
	IEX	D	0.0%	0.04%	0.0%
	ILMN	F	0.1%	0.03%	0.03%
	INCY	B	0.1%	0.01%	0.01%
	INTC	F	1.47%	0.24%	0.24%
	INTU	C	0.03%	0.29%	0.03%
	IPG	F	0.03%	0.02%	0.02%
	IQV	D	0.48%	0.12%	0.12%
	IRM	A	0.01%	0.05%	0.01%
	ISRG	A	0.34%	0.27%	0.27%
	IT	C	0.03%	0.03%	0.03%
	ITW	D	0.03%	0.31%	0.03%
	JKHY	C	0.01%	0.01%	0.01%
	JNJ	C	1.99%	0.61%	0.61%
	JNPR	B	0.01%	0.14%	0.01%
	JPM	B	0.67%	0.92%	0.67%
	KDP	A	0.04%	0.09%	0.04%
	KEYS	D	0.01%	0.06%	0.01%
	KLAC	B	0.06%	0.22%	0.06%
	KVUE	D	0.36%	0.01%	0.01%
	LEN	D	0.13%	0.06%	0.06%
	LKQ	F	0.03%	0.03%	0.03%
	LLY	B	2.42%	1.18%	1.18%
	LOW	C	0.22%	0.22%	0.22%
	LRCX	B	0.12%	0.17%	0.12%
	LYV	C	0.03%	0.03%	0.03%
	MA	C	0.11%	0.59%	0.11%
	MAR	B	0.05%	0.02%	0.02%
	MAS	D	0.02%	0.01%	0.01%
	MCO	A	0.02%	0.21%	0.02%
	MET	C	0.18%	0.19%	0.18%
	MKC	D	0.04%	0.01%	0.01%
	MKL	B	0.05%	0.07%	0.05%
	MMC	A	0.13%	0.2%	0.13%
	MMM	B	0.06%	0.02%	0.02%
	MOH	F	0.07%	0.02%	0.02%
	MRK	A	1.78%	0.66%	0.66%
	MRNA	C	0.37%	0.05%	0.05%
	MRVL	B	0.01%	0.11%	0.01%
	MS	B	0.34%	0.2%	0.2%
	MSFT	A	2.54%	4.58%	2.54%
	MSI	A	0.02%	0.22%	0.02%
	MTB	C	0.03%	0.07%	0.03%
	MTCH	F	0.01%	0.01%	0.01%
	MTD	B	0.08%	0.08%	0.08%
	MU	B	0.15%	0.15%	0.15%
	NBIX	C	0.08%	0.02%	0.02%
	NDAQ	C	0.02%	0.03%	0.02%
	NFLX	A	0.08%	0.43%	0.08%
	NOW	C	0.02%	0.3%	0.02%
	NSC	D	0.0%	0.03%	0.0%
	NTAP	B	0.04%	0.07%	0.04%
	NTRS	C	0.04%	0.04%	0.04%
	NVDA	B	0.13%	4.71%	0.13%
	NVR	C	0.04%	0.03%	0.03%
	O	C	0.01%	0.07%	0.01%
	OMC	C	0.04%	0.03%	0.03%
	ORCL	B	0.19%	0.49%	0.19%
	ORLY	B	0.04%	0.17%	0.04%
	PANW	B	0.01%	0.12%	0.01%
	PAYC	F	0.01%	0.01%	0.01%
	PAYX	A	0.02%	0.07%	0.02%
	PFE	C	1.54%	0.22%	0.22%
	PGR	C	0.2%	0.19%	0.19%
	PH	D	0.03%	0.2%	0.03%
	PHM	D	0.07%	0.04%	0.04%
	PLD	C	0.03%	0.22%	0.03%
	PNC	C	0.09%	0.15%	0.09%
	PODD	B	0.07%	0.02%	0.02%
	POOL	D	0.0%	0.02%	0.0%
	PPG	D	0.03%	0.11%	0.03%
	PRU	B	0.16%	0.14%	0.14%
	PSA	B	0.01%	0.1%	0.01%
	PWR	B	0.02%	0.22%	0.02%
	PYPL	D	0.08%	0.09%	0.08%
	QCOM	B	0.18%	0.39%	0.18%
	REG	B	0.01%	0.07%	0.01%
	REGN	A	0.67%	0.15%	0.15%
	RF	C	0.03%	0.05%	0.03%
	RJF	C	0.05%	0.03%	0.03%
	RMD	C	0.19%	0.07%	0.07%
	ROK	F	0.02%	0.08%	0.02%
	ROP	A	0.01%	0.03%	0.01%
	ROST	A	0.03%	0.1%	0.03%
	RPRX	D	0.11%	0.02%	0.02%
	RS	D	0.03%	0.08%	0.03%
	SBAC	D	0.01%	0.03%	0.01%
	SCHW	C	0.07%	0.18%	0.07%
	SEIC	C	0.01%	0.02%	0.01%
	SHW	C	0.04%	0.47%	0.04%
	SMCI	B	0.03%	0.04%	0.03%
	SNA	D	0.01%	0.01%	0.01%
	SPG	B	0.03%	0.13%	0.03%
	SPGI	B	0.03%	0.35%	0.03%
	SQ	F	0.05%	0.02%	0.02%
	SQ	F	0.05%	0.01%	0.01%
	STT	D	0.08%	0.01%	0.01%
	SUI	D	0.05%	0.01%	0.01%
	SWKS	B	0.03%	0.01%	0.01%
	SYF	B	0.07%	0.06%	0.06%
	SYK	B	1.12%	0.23%	0.23%
	T	A	0.81%	0.15%	0.15%
	TECH	C	0.06%	0.01%	0.01%
	TER	B	0.02%	0.05%	0.02%
	TFX	D	0.17%	0.02%	0.02%
	TGT	C	0.11%	0.02%	0.02%
	TJX	A	0.07%	0.35%	0.07%
	TMO	D	0.84%	0.37%	0.37%
	TMUS	B	0.4%	0.1%	0.1%
	TRMB	C	0.01%	0.06%	0.01%
	TROW	B	0.04%	0.05%	0.04%
	TRU	C	0.01%	0.01%	0.01%
	TRV	C	0.15%	0.13%	0.13%
	TSLA	C	0.16%	0.8%	0.16%
	TTD	A	0.0%	0.04%	0.0%
	TW	C	0.0%	0.01%	0.0%
	TXN	B	0.1%	0.27%	0.1%
	UHAL	D	0.01%	0.04%	0.01%
	ULTA	F	0.01%	0.06%	0.01%
	UNH	D	0.92%	0.66%	0.66%
	UNP	D	0.02%	0.21%	0.02%
	UPS	D	0.03%	0.07%	0.03%
	URI	C	0.01%	0.04%	0.01%
	USB	C	0.11%	0.1%	0.1%
	V	C	0.15%	0.7%	0.15%
	VEEV	D	0.01%	0.03%	0.01%
	VLTO	B	0.36%	0.03%	0.03%
	VRSK	A	0.01%	0.05%	0.01%
	VRSN	C	0.01%	0.01%	0.01%
	VRT	D	0.01%	0.02%	0.01%
	VRTX	B	0.66%	0.15%	0.15%
	VTR	A	0.05%	0.04%	0.04%
	VZ	B	0.87%	0.21%	0.21%
	WAT	D	0.06%	0.02%	0.02%
	WDAY	D	0.01%	0.02%	0.01%
	WELL	B	0.02%	0.12%	0.02%
	WFC	C	0.39%	0.21%	0.21%
	WM	C	0.05%	0.1%	0.05%
	WMT	A	1.06%	0.3%	0.3%
	WPC	D	0.01%	0.01%	0.01%
	WRB	C	0.04%	0.07%	0.04%
	WST	D	0.06%	0.02%	0.02%
	XRX	F	0.03%	0.02%	0.02%
	XYL	B	0.01%	0.44%	0.01%
	ZBH	F	0.42%	0.05%	0.05%
	ZBRA	D	0.03%	0.02%	0.02%

HKND Overweight 692 Positions Relative to NZAC

	Symbol	Grade	Weight
	PG	A	4.0%
	MOS	F	1.6%
	ADM	C	1.57%
	CL	A	1.37%
	CTVA	C	1.26%
	CI	C	1.08%
	HCA	A	1.0%
	HPQ	B	0.94%
	BG	C	0.93%
	CF	D	0.92%
	GEHC	C	0.9%
	DELL	B	0.87%
	FMC	D	0.67%
	AGCO	F	0.62%
	MCK	A	0.51%
	CVS	C	0.5%
	SJM	F	0.49%
	INGR	C	0.46%
	FDP	D	0.44%
	AWK	B	0.36%
	PEP	C	0.36%
	THC	B	0.34%
	CNC	D	0.32%
	CAG	D	0.32%
	J	C	0.31%
	DD	B	0.31%
	CAH	B	0.31%
	SPB	B	0.29%
	MDLZ	D	0.29%
	BBY	B	0.29%
	K	D	0.26%
	FELE	C	0.25%
	UHS	A	0.23%
	WBA	D	0.23%
	VTRS	D	0.23%
	DOW	D	0.2%
	KR	D	0.2%
	RUN	C	0.16%
	ZWS	D	0.15%
	DVA	B	0.13%
	JBL	F	0.13%
	AHCO	C	0.13%
	ENOV	F	0.13%
	SOLV	F	0.13%
	KMB	A	0.11%
	ICUI	B	0.11%
	WDC	B	0.11%
	COST	B	0.11%
	MAN	D	0.1%
	SEM	B	0.1%
	IART	C	0.1%
	FTRE	F	0.1%
	OGN	B	0.1%
	FLO	D	0.09%
	MASI	B	0.09%
	TFC	C	0.09%
	LUMN	F	0.09%
	CRL	D	0.09%
	TITN	F	0.08%
	POST	C	0.08%
	UTHR	A	0.08%
	DXC	D	0.08%
	WTRG	C	0.08%
	RDNT	B	0.08%
	SYY	C	0.07%
	FNF	C	0.07%
	EMBC	C	0.07%
	MMSI	B	0.07%
	CWT	D	0.07%
	LXU	F	0.07%
	EHC	B	0.07%
	ACI	F	0.07%
	UAN	D	0.07%
	ALG	F	0.07%
	ITGR	C	0.07%
	CPB	C	0.07%
	BERY	B	0.06%
	HAE	D	0.06%
	WLK	D	0.06%
	RGA	B	0.06%
	CNMD	F	0.06%
	IFF	B	0.06%
	WBD	F	0.06%
	GMED	B	0.06%
	SRPT	C	0.06%
	SNX	B	0.06%
	KD	B	0.06%
	MEDP	B	0.05%
	SJW	F	0.05%
	MAA	B	0.05%
	AYI	D	0.05%
	CMI	C	0.05%
	OMI	D	0.05%
	LNC	B	0.05%
	EXEL	C	0.05%
	AVNS	C	0.05%
	OPK	F	0.05%
	INSM	A	0.05%
	TTC	B	0.05%
	INVH	A	0.05%
	BRKR	D	0.05%
	PFG	C	0.05%
	SMG	C	0.05%
	L	C	0.05%
	CRBG	B	0.05%
	RKT	B	0.04%
	LNN	D	0.04%
	BPMC	B	0.04%
	BEN	D	0.04%
	OPCH	D	0.04%
	JEF	B	0.04%
	SCSC	D	0.04%
	ITCI	B	0.04%
	WMG	D	0.04%
	RSG	B	0.04%
	CR	B	0.04%
	CHWY	B	0.04%
	TNDM	C	0.04%
	KLG	F	0.04%
	HUN	D	0.04%
	LPLA	B	0.04%
	AWR	D	0.04%
	SWK	D	0.04%
	FITB	C	0.04%
	EXPE	B	0.04%
	TOL	D	0.04%
	PEN	F	0.04%
	FAF	D	0.04%
	IONS	C	0.04%
	WHR	D	0.04%
	UNFI	C	0.04%
	JLL	B	0.04%
	NOVT	B	0.04%
	GXO	F	0.04%
	GPC	D	0.04%
	GME	C	0.04%
	AMED	F	0.03%
	CSL	B	0.03%
	APLS	F	0.03%
	MDGL	B	0.03%
	AZTA	B	0.03%
	KBH	B	0.03%
	ENR	C	0.03%
	USM	C	0.03%
	IRDM	F	0.03%
	ABM	A	0.03%
	MCHP	C	0.03%
	DAR	F	0.03%
	HWKN	B	0.03%
	NEO	F	0.03%
	GPS	C	0.03%
	ENSG	B	0.03%
	MD	D	0.03%
	AMKR	B	0.03%
	NSP	D	0.03%
	TDS	C	0.03%
	FLGT	D	0.03%
	RHI	D	0.03%
	CYTK	D	0.03%
	MIDD	D	0.03%
	ARW	C	0.03%
	CERE	C	0.03%
	VKTX	D	0.03%
	SNEX	C	0.03%
	RVMD	B	0.03%
	CPT	A	0.03%
	AMRX	B	0.03%
	SMMT	C	0.03%
	ELS	C	0.03%
	LNTH	C	0.03%
	AMH	C	0.03%
	IVZ	C	0.03%
	NWS	B	0.03%
	KEY	D	0.03%
	LBRDA	D	0.03%
	TMHC	D	0.03%
	ON	D	0.03%
	EMR	C	0.03%
	UNM	C	0.03%
	SANM	B	0.03%
	CNXN	C	0.03%
	UDR	B	0.03%
	HALO	B	0.03%
	PCVX	B	0.03%
	SGRY	F	0.03%
	CFG	C	0.03%
	FYBR	B	0.03%
	ORI	C	0.03%
	ROKU	F	0.03%
	R	C	0.02%
	TTEK	B	0.02%
	BHF	D	0.02%
	HST	C	0.02%
	BCO	A	0.02%
	AXSM	B	0.02%
	ATRC	D	0.02%
	VIR	D	0.02%
	AMN	F	0.02%
	ALIT	D	0.02%
	CENTA	D	0.02%
	NATL	B	0.02%
	UTZ	D	0.02%
	FCN	D	0.02%
	XRAY	F	0.02%
	CRNX	C	0.02%
	LECO	D	0.02%
	SMPL	B	0.02%
	TPG	C	0.02%
	MHO	C	0.02%
	DOX	D	0.02%
	AVT	B	0.02%
	CNXC	C	0.02%
	ARWR	C	0.02%
	CCS	D	0.02%
	COOP	B	0.02%
	BLDR	F	0.02%
	EME	B	0.02%
	GKOS	B	0.02%
	PFSI	B	0.02%
	TSCO	B	0.02%
	TPH	D	0.02%
	OTIS	C	0.02%
	PTCT	B	0.02%
	ADTN	C	0.02%
	ADV	F	0.02%
	SNPS	B	0.02%
	CORT	C	0.02%
	SRCL	B	0.02%
	ACAD	D	0.02%
	OMF	C	0.02%
	RARE	F	0.02%
	BKD	D	0.02%
	FOLD	D	0.02%
	OPEN	F	0.02%
	AIRC	A	0.02%
	AGL	D	0.02%
	ZG	B	0.02%
	LILAK	B	0.02%
	APD	B	0.02%
	THG	D	0.02%
	SSNC	C	0.02%
	KELYA	C	0.02%
	THS	D	0.02%
	WTS	D	0.02%
	TNET	F	0.02%
	NUVL	B	0.02%
	KMPR	C	0.02%
	BBIO	D	0.02%
	SIRI	D	0.02%
	JXN	B	0.02%
	SF	B	0.02%
	ENTG	B	0.02%
	WMS	C	0.02%
	JJSF	B	0.02%
	GFS	C	0.02%
	REZI	D	0.02%
	MTH	D	0.02%
	KRYS	B	0.02%
	GNW	D	0.02%
	GH	C	0.02%
	AAP	C	0.02%
	TWI	F	0.02%
	CHE	D	0.02%
	OFIX	F	0.02%
	WSO	B	0.02%
	WU	C	0.02%
	DKS	B	0.02%
	VOYA	B	0.02%
	MMS	B	0.02%
	DBX	D	0.01%
	RGNX	F	0.01%
	WTM	B	0.01%
	GTES	D	0.01%
	FLS	C	0.01%
	PGNY	F	0.01%
	IMNM	F	0.01%
	OZK	D	0.01%
	MODG	C	0.01%
	COTY	D	0.01%
	FRPT	A	0.01%
	UI	C	0.01%
	CMC	C	0.01%
	DLB	D	0.01%
	MAT	D	0.01%
	CVCO	C	0.01%
	YORW	D	0.01%
	DAWN	D	0.01%
	TCBI	D	0.01%
	SSB	D	0.01%
	ONTO	B	0.01%
	PRLB	F	0.01%
	WH	C	0.01%
	BKU	C	0.01%
	KE	D	0.01%
	CGEM	D	0.01%
	MGNX	F	0.01%
	TVTX	C	0.01%
	BRX	B	0.01%
	MC	D	0.01%
	PB	D	0.01%
	MTN	D	0.01%
	SCHL	D	0.01%
	VZIO	C	0.01%
	GMS	D	0.01%
	FOUR	C	0.01%
	TDOC	F	0.01%
	NYT	B	0.01%
	KIDS	F	0.01%
	CADE	C	0.01%
	AEO	F	0.01%
	BXC	F	0.01%
	WGO	F	0.01%
	GSAT	F	0.01%
	TYL	B	0.01%
	PLUS	D	0.01%
	KNF	D	0.01%
	ASB	D	0.01%
	MPWR	B	0.01%
	SILK	B	0.01%
	RLI	C	0.01%
	FICO	A	0.01%
	TARS	D	0.01%
	SAGE	F	0.01%
	SSYS	F	0.01%
	HWC	D	0.01%
	FIX	C	0.01%
	WD	C	0.01%
	TRUP	B	0.01%
	HMN	D	0.01%
	ACIW	A	0.01%
	MDXG	F	0.01%
	TMCI	F	0.01%
	UMBF	D	0.01%
	BCRX	B	0.01%
	HAS	B	0.01%
	MIRM	B	0.01%
	FDMT	D	0.01%
	FNB	C	0.01%
	VNT	C	0.01%
	FG	C	0.01%
	URBN	B	0.01%
	ACT	C	0.01%
	IPGP	F	0.01%
	GRBK	B	0.01%
	SKY	C	0.01%
	PNFP	D	0.01%
	HGV	D	0.01%
	NGVT	F	0.01%
	IMVT	D	0.01%
	CBSH	C	0.01%
	WBS	D	0.01%
	VLY	F	0.01%
	LCII	F	0.01%
	PII	F	0.01%
	CFR	D	0.01%
	KURA	C	0.01%
	EXLS	C	0.01%
	MORF	D	0.01%
	PRG	C	0.01%
	HURN	C	0.01%
	IDT	D	0.01%
	MNKD	B	0.01%
	APG	B	0.01%
	PIPR	B	0.01%
	KFRC	D	0.01%
	DIOD	B	0.01%
	VSAT	F	0.01%
	SYNA	D	0.01%
	CNM	C	0.01%
	ANF	B	0.01%
	KWR	F	0.01%
	LFUS	B	0.01%
	SITE	F	0.01%
	CRUS	B	0.01%
	TDC	D	0.01%
	CRVL	C	0.01%
	HTH	D	0.01%
	FNA	F	0.01%
	CC	F	0.01%
	MTG	B	0.01%
	TGNA	D	0.01%
	FHI	D	0.01%
	EXPI	F	0.01%
	RYAN	A	0.01%
	NYCB	F	0.01%
	ASIX	F	0.01%
	IAC	F	0.01%
	MSM	F	0.01%
	CCRN	F	0.01%
	NMRK	C	0.01%
	UNF	F	0.01%
	IOSP	D	0.01%
	SANA	F	0.01%
	RDN	C	0.01%
	WTFC	C	0.01%
	CABO	D	0.01%
	AKRO	C	0.01%
	LAMR	B	0.01%
	HLI	D	0.01%
	PTGX	B	0.01%
	SBH	F	0.01%
	ARDX	F	0.01%
	DFH	F	0.01%
	XNCR	F	0.01%
	BRC	B	0.01%
	UCTT	B	0.01%
	IR	B	0.01%
	RCM	B	0.01%
	IRT	A	0.01%
	AXNX	B	0.01%
	PINC	F	0.01%
	MORN	C	0.01%
	BEAM	D	0.01%
	MSCI	D	0.01%
	SXT	B	0.01%
	DNA	F	0.01%
	CACC	D	0.01%
	ASTH	B	0.01%
	FND	C	0.01%
	ARVN	F	0.01%
	LANC	C	0.01%
	INVA	B	0.01%
	BECN	C	0.01%
	BOKF	D	0.01%
	BGC	C	0.01%
	AXTA	B	0.01%
	ENS	B	0.01%
	HUBB	C	0.01%
	CPRX	C	0.01%
	WAL	D	0.01%
	EWTX	D	0.01%
	LGF.A	D	0.01%
	AIV	D	0.01%
	RXRX	C	0.01%
	SNDX	C	0.01%
	TNC	C	0.01%
	CRSR	F	0.01%
	KROS	F	0.01%
	LMAT	B	0.01%
	BCC	D	0.01%
	TEX	D	0.01%
	CSTL	D	0.01%
	VNO	C	0.01%
	ARE	C	0.01%
	TTMI	A	0.01%
	AOS	C	0.01%
	RCKT	D	0.01%
	ACHC	D	0.01%
	ANIP	D	0.01%
	KIM	B	0.01%
	STGW	C	0.01%
	ADMA	A	0.01%
	RGEN	F	0.01%
	ICFI	D	0.01%
	COLL	D	0.01%
	CNDT	F	0.01%
	GNRC	D	0.01%
	EWBC	C	0.01%
	HRB	A	0.01%
	TNL	C	0.01%
	SNV	C	0.01%
	VERA	D	0.01%
	TTWO	B	0.01%
	UFPI	C	0.01%
	JBSS	D	0.01%
	VAC	F	0.01%
	KEX	B	0.01%
	RRX	F	0.01%
	NTLA	C	0.01%
	EVH	F	0.01%
	PBH	C	0.01%
	PSTG	B	0.01%
	IRWD	F	0.01%
	CDNS	B	0.01%
	FCNCA	D	0.01%
	LGND	C	0.01%
	SPTN	F	0.01%
	ADUS	A	0.01%
	CNO	C	0.01%
	KFY	B	0.01%
	NVST	F	0.01%
	BZH	D	0.01%
	CIEN	C	0.01%
	BC	F	0.01%
	BGS	F	0.01%
	HRMY	C	0.01%
	KYMR	D	0.01%
	GT	F	0.01%
	ASGN	D	0.01%
	VCEL	C	0.01%
	MRVI	F	0.01%
	HOV	D	0.01%
	EMN	B	0.01%
	LGIH	F	0.01%
	JANX	D	0.01%
	DYN	B	0.01%
	ACLX	B	0.01%
	KO	A	0.01%
	H	C	0.01%
	CGON	F	0.01%
	ASH	C	0.01%
	NXST	C	0.01%
	DVAX	D	0.01%
	CLDX	D	0.01%
	PCRX	C	0.01%
	NHC	A	0.01%
	AIT	C	0.01%
	AGIO	B	0.01%
	THO	F	0.01%
	CE	D	0.01%
	TGTX	B	0.01%
	BHE	B	0.01%
	AMG	C	0.01%
	RYTM	B	0.01%
	DOV	B	0.01%
	AMRK	D	0.01%
	QRVO	B	0.01%
	CLH	A	0.01%
	UWMC	B	0.01%
	NSIT	B	0.01%
	ARES	D	0.01%
	EEFT	C	0.01%
	PDCO	D	0.01%
	ESI	B	0.01%
	ESAB	C	0.01%
	FDX	C	0.01%
	MYGN	B	0.01%
	ATEC	F	0.01%
	NTRA	B	0.01%
	MSEX	F	0.01%
	FHN	C	0.01%
	UFPT	B	0.01%
	GERN	C	0.01%
	NARI	C	0.01%
	SWTX	F	0.01%
	AKAM	F	0.01%
	PRVA	F	0.01%
	SUPN	D	0.01%
	ZION	D	0.01%
	COMP	D	0.01%
	COHR	B	0.01%
	DNLI	B	0.01%
	IOVA	F	0.01%
	IDYA	D	0.01%
	SIGI	F	0.01%
	TWST	B	0.01%
	WCC	D	0.01%
	HAIN	C	0.01%
	VSH	F	0.01%
	SEE	C	0.01%
	INSP	F	0.01%
	AMPH	F	0.01%
	EVR	B	0.01%
	PLXS	C	0.01%
	GL	C	0.01%
	EDR	A	0.01%
	ATR	B	0.01%
	NVAX	C	0.01%
	TXG	F	0.01%
	CMA	C	0.01%
	STC	C	0.01%
	FL	B	0.01%
	RNA	B	0.01%
	NWL	F	0.01%
	SCI	B	0.01%
	MCY	C	0.01%
	IBKR	B	0.01%
	VIRT	B	0.0%
	OABI	F	0.0%
	QTRX	F	0.0%
	ALT	F	0.0%
	ABUS	C	0.0%
	BLFS	B	0.0%
	ORIC	F	0.0%
	ALXO	F	0.0%
	CELC	C	0.0%
	ABSI	F	0.0%
	EYPT	F	0.0%
	CABA	F	0.0%
	CTKB	F	0.0%
	LYEL	F	0.0%
	PHAT	C	0.0%
	SVRA	F	0.0%
	NUVB	C	0.0%
	PRME	D	0.0%
	NDSN	D	0.0%
	PLAB	F	0.0%
	OSCR	D	0.0%
	HLVX	D	0.0%
	COLB	F	0.0%
	WAFD	D	0.0%
	MNMD	D	0.0%
	APLT	C	0.0%
	ZNTL	F	0.0%
	ALEC	D	0.0%
	PLRX	F	0.0%
	MMI	D	0.0%
	MSGS	C	0.0%
	MLYS	D	0.0%
	YMAB	D	0.0%
	AVTE	F	0.0%
	CNS	B	0.0%
	WSFS	C	0.0%
	ALGM	F	0.0%
	DFIN	D	0.0%
	UCBI	D	0.0%
	MLI	C	0.0%
	PCTY	F	0.0%
	OLMA	C	0.0%
	CRAI	B	0.0%
	BSY	C	0.0%
	ZEUS	F	0.0%
	STOK	C	0.0%
	FORM	B	0.0%
	ITRI	C	0.0%
	OCUL	C	0.0%
	ANAB	B	0.0%
	LFST	F	0.0%
	FHB	C	0.0%
	GBCI	D	0.0%
	GGG	D	0.0%
	LBPH	C	0.0%
	HSII	B	0.0%
	SAFT	C	0.0%
	CBT	C	0.0%
	CATY	C	0.0%
	CHH	C	0.0%
	FIVE	F	0.0%
	NVEE	F	0.0%
	SIGA	D	0.0%
	SAVA	D	0.0%
	HOMB	C	0.0%
	PLAY	F	0.0%
	AEIS	B	0.0%
	COGT	B	0.0%
	IRON	C	0.0%
	ARQT	D	0.0%
	VRDN	D	0.0%
	SPRY	D	0.0%
	SONO	F	0.0%
	EOLS	F	0.0%
	REYN	C	0.0%
	ITT	C	0.0%
	NRIX	B	0.0%
	ETNB	F	0.0%
	IBP	D	0.0%
	GOLF	B	0.0%
	SFNC	D	0.0%
	GIC	F	0.0%
	CNA	B	0.0%
	STEP	B	0.0%
	UFCS	D	0.0%
	CBZ	D	0.0%
	ARCT	F	0.0%
	UVE	D	0.0%
	AZZ	C	0.0%
	VCTR	D	0.0%
	SRRK	F	0.0%
	FULT	C	0.0%
	APP	B	0.0%
	VCYT	C	0.0%
	CTS	B	0.0%
	PTC	C	0.0%
	TRIP	F	0.0%
	AVO	F	0.0%
	RLAY	C	0.0%
	TOST	C	0.0%
	SIBN	F	0.0%
	SLAB	F	0.0%
	NX	F	0.0%
	DCI	D	0.0%
	SFM	B	0.0%
	TKR	D	0.0%
	UBSI	D	0.0%
	LQDA	C	0.0%
	IRTC	C	0.0%
	TYRA	C	0.0%
	FRT	C	0.0%
	DORM	B	0.0%
	ABCB	C	0.0%
	ONB	C	0.0%
	HZO	C	0.0%
	USPH	F	0.0%
	PNTG	B	0.0%
	RCUS	C	0.0%
	BBSI	A	0.0%
	APAM	D	0.0%
	ROG	C	0.0%
	ELVN	C	0.0%
	SATS	C	0.0%
	DAY	F	0.0%
	PJT	B	0.0%

HKND Underweight 96 Positions Relative to NZAC

	Symbol	Grade	Weight
	GOOG	A	-1.55%
	META	B	-1.54%
	EIX	D	-0.73%
	NVS	A	-0.44%
	BRK.A	C	-0.36%
	ACN	C	-0.33%
	MCD	D	-0.32%
	ETN	D	-0.28%
	CB	B	-0.23%
	MDT	C	-0.22%
	BABA	F	-0.21%
	TD	F	-0.19%
	PNR	C	-0.18%
	ZTS	C	-0.17%
	UBER	C	-0.17%
	NKE	C	-0.15%
	HDB	B	-0.14%
	SONY	D	-0.14%
	BX	C	-0.14%
	TDG	B	-0.14%
	MELI	B	-0.13%
	SBUX	D	-0.13%
	ACGL	A	-0.13%
	TEL	A	-0.12%
	DEO	F	-0.12%
	KKR	B	-0.1%
	INFY	B	-0.1%
	PDD	C	-0.1%
	LULU	F	-0.09%
	SCCO	C	-0.09%
	AON	C	-0.09%
	CMG	B	-0.09%
	NEM	B	-0.09%
	LI	F	-0.09%
	TDY	D	-0.09%
	LIN	B	-0.08%
	ALLE	D	-0.08%
	YUM	D	-0.08%
	WIT	B	-0.07%
	SHOP	C	-0.07%
	MUFG	D	-0.07%
	WAB	C	-0.07%
	PCAR	D	-0.06%
	WTW	B	-0.06%
	GRMN	B	-0.06%
	TCOM	D	-0.05%
	AZN	B	-0.04%
	BIDU	F	-0.04%
	CEG	B	-0.04%
	STZ	B	-0.04%
	CPRT	C	-0.04%
	DLTR	F	-0.04%
	VICI	D	-0.03%
	MNST	F	-0.03%
	STE	C	-0.03%
	BAH	B	-0.03%
	PLTR	C	-0.03%
	CBOE	C	-0.03%
	CCEP	A	-0.03%
	FOXA	A	-0.03%
	AXON	C	-0.03%
	EG	B	-0.03%
	CPAY	D	-0.03%
	BCS	C	-0.03%
	ZM	D	-0.02%
	LYG	B	-0.02%
	VMC	D	-0.02%
	TEVA	B	-0.02%
	TT	B	-0.02%
	SNAP	C	-0.02%
	ETSY	F	-0.02%
	NIO	F	-0.02%
	ROL	A	-0.02%
	HEI	B	-0.02%
	ODFL	D	-0.02%
	CRWD	B	-0.02%
	PINS	B	-0.02%
	BCH	D	-0.02%
	ASAI	F	-0.02%
	SNOW	F	-0.02%
	XPEV	F	-0.02%
	STLD	C	-0.01%
	MSTR	C	-0.01%
	WYNN	D	-0.01%
	QGEN	D	-0.01%
	MKTX	F	-0.01%
	QFIN	B	-0.01%
	DOCU	C	-0.01%
	CZR	C	-0.01%
	RIVN	C	-0.01%
	Z	B	-0.01%
	NXPI	B	-0.01%
	KB	B	-0.01%
	DASH	C	-0.01%
	YNDX	C	-0.0%
	WIT	B	-0.0%

HKND: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Diversified Industrials Software - Application Diagnostics & Research Asset Management Medical Devices Business Services Semiconductors Capital Markets Medical Instruments & Supplies Packaged Foods Insurance - Property & Casualty Residential Construction Specialty Chemicals Specialty Retail Medical Care Drug Manufacturers - Specialty & Generic REIT - Residential Telecom Services

Keywords: S&P 500 Medicine Nasdaq 100 Biopharmaceutical Biotechnology Bank Insurance Banking Cancer Computing Electronics Life Sciences Telecommunications Semiconductor Chemical Aerospace Clinical Medicine Pharmaceutical Mining Real Estate Investment Trust

NZAC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Asset Management Drug Manufacturers - Major Diversified Industrials Internet Content & Information Semiconductors Biotechnology Capital Markets Information Technology Services Specialty Retail Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Banks - Global Insurance - Diversified Insurance Brokers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Insurance Computing Bank Dow Jones Component Telecommunications Banking Medicine Insurance Products Mobile Devices Electronics Investment Bank Financial Products Real Estate Investment Trust Work From Home Biotechnology Cloud Computing Aerospace Chemical