HKND vs. QWLD ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$127.97

Average Daily Volume

3,476

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

Performance

Period	HKND	QWLD
30 Days	0.40%	-0.47%
60 Days	0.09%	0.20%
90 Days	0.71%	0.50%
12 Months	18.82%	22.20%

387 Overlapping Holdings

Symbol	Grade	Weight in HKND	Weight in QWLD	Overlap
A	D	0.14%	0.06%	0.06%
AAPL	C	2.18%	2.57%	2.18%
ABBV	F	1.67%	0.16%	0.16%
ABBV	F	1.67%	0.34%	0.34%
ABNB	C	0.01%	0.01%	0.01%
ABT	B	1.09%	0.09%	0.09%
ACI	C	0.07%	0.02%	0.02%
ACM	B	0.08%	0.01%	0.01%
ADBE	C	0.05%	0.42%	0.05%
ADI	D	0.04%	0.04%	0.04%
ADM	D	1.37%	0.05%	0.05%
ADP	A	0.07%	0.26%	0.07%
ADSK	A	0.01%	0.1%	0.01%
AFG	A	0.04%	0.02%	0.02%
AFL	B	0.09%	0.12%	0.09%
AGCO	D	0.66%	0.01%	0.01%
AIG	B	0.23%	0.07%	0.07%
AIZ	A	0.13%	0.08%	0.08%
AJG	A	0.04%	0.19%	0.04%
AKAM	D	0.01%	0.11%	0.01%
ALB	B	0.01%	0.01%	0.01%
ALGN	D	0.02%	0.0%	0.0%
ALL	A	0.22%	0.08%	0.08%
ALLY	C	0.04%	0.02%	0.02%
AMAT	F	0.14%	0.29%	0.14%
AMD	F	0.06%	0.03%	0.03%
AME	A	0.01%	0.01%	0.01%
AMGN	F	0.96%	0.16%	0.16%
AMH	C	0.03%	0.0%	0.0%
AMP	A	0.09%	0.09%	0.09%
AMT	C	0.03%	0.02%	0.02%
AMZN	C	0.68%	0.37%	0.37%
ANET	C	0.02%	0.19%	0.02%
ANSS	B	0.01%	0.0%	0.0%
AOS	F	0.01%	0.02%	0.01%
APD	A	0.02%	0.03%	0.02%
APH	A	0.05%	0.43%	0.05%
APO	B	0.04%	0.02%	0.02%
APP	B	0.02%	0.0%	0.0%
ARE	F	0.01%	0.01%	0.01%
ARES	A	0.02%	0.0%	0.0%
AVB	B	0.07%	0.01%	0.01%
AVGO	D	0.12%	0.11%	0.11%
AVTR	F	0.12%	0.01%	0.01%
AWK	C	0.34%	0.01%	0.01%
AXP	A	0.23%	0.06%	0.06%
AZO	C	0.04%	0.28%	0.04%
BAC	A	0.59%	0.39%	0.39%
BAX	F	0.7%	0.01%	0.01%
BBWI	C	0.02%	0.0%	0.0%
BBY	D	0.25%	0.06%	0.06%
BDX	F	1.09%	0.07%	0.07%
BEN	C	0.04%	0.01%	0.01%
BG	D	0.82%	0.03%	0.03%
BIIB	F	0.24%	0.01%	0.01%
BIO	C	0.09%	0.0%	0.0%
BK	A	0.12%	0.05%	0.05%
BKNG	A	0.08%	0.03%	0.03%
BLDR	D	0.02%	0.05%	0.02%
BLK	B	0.12%	0.25%	0.12%
BMRN	F	0.07%	0.07%	0.07%
BMY	B	1.05%	0.21%	0.21%
BR	A	0.02%	0.04%	0.02%
BRO	B	0.02%	0.14%	0.02%
BSX	A	0.76%	0.02%	0.02%
BSY	F	0.0%	0.01%	0.0%
BURL	B	0.01%	0.01%	0.01%
BXP	C	0.02%	0.01%	0.01%
C	A	0.44%	0.25%	0.25%
CAG	F	0.31%	0.04%	0.04%
CAH	B	0.33%	0.13%	0.13%
CARR	C	0.0%	0.02%	0.0%
CBRE	B	0.12%	0.03%	0.03%
CCI	C	0.02%	0.01%	0.01%
CDNS	B	0.01%	0.13%	0.01%
CDW	F	0.06%	0.07%	0.06%
CE	F	0.01%	0.01%	0.01%
CF	A	0.98%	0.13%	0.13%
CFG	B	0.04%	0.04%	0.04%
CG	B	0.03%	0.01%	0.01%
CHD	A	0.37%	0.19%	0.19%
CHTR	C	0.2%	0.05%	0.05%
CI	D	1.0%	0.18%	0.18%
CINF	A	0.04%	0.02%	0.02%
CL	D	1.18%	0.2%	0.2%
CLX	A	0.24%	0.01%	0.01%
CMCSA	B	0.71%	0.17%	0.17%
CME	B	0.03%	0.16%	0.03%
CMI	A	0.06%	0.1%	0.06%
CNC	D	0.26%	0.05%	0.05%
COF	C	0.2%	0.1%	0.1%
COIN	C	0.01%	0.01%	0.01%
COR	B	0.34%	0.41%	0.34%
COST	A	0.11%	0.76%	0.11%
CPB	D	0.07%	0.09%	0.07%
CPT	B	0.03%	0.01%	0.01%
CRBG	B	0.06%	0.01%	0.01%
CRL	D	0.09%	0.0%	0.0%
CRM	B	0.1%	0.06%	0.06%
CSCO	B	0.19%	1.03%	0.19%
CSGP	D	0.01%	0.0%	0.0%
CSL	C	0.03%	0.03%	0.03%
CSX	C	0.01%	0.11%	0.01%
CTAS	B	0.04%	0.14%	0.04%
CTLT	C	0.14%	0.01%	0.01%
CTSH	B	0.08%	0.2%	0.08%
CTVA	C	1.43%	0.04%	0.04%
CVS	D	0.43%	0.16%	0.16%
DAY	B	0.01%	0.0%	0.0%
DD	C	0.31%	0.02%	0.02%
DE	B	1.95%	0.06%	0.06%
DELL	B	1.11%	0.01%	0.01%
DFS	B	0.09%	0.04%	0.04%
DGX	A	0.62%	0.11%	0.11%
DHI	F	0.14%	0.1%	0.1%
DHR	F	0.51%	0.05%	0.05%
DIS	B	0.24%	0.1%	0.1%
DKS	D	0.02%	0.02%	0.02%
DLR	B	0.02%	0.02%	0.02%
DOC	C	0.01%	0.01%	0.01%
DOV	A	0.01%	0.05%	0.01%
DOW	F	0.17%	0.03%	0.03%
DVA	C	0.13%	0.01%	0.01%
DXCM	C	0.14%	0.0%	0.0%
EA	A	0.02%	0.2%	0.02%
EBAY	D	0.05%	0.01%	0.01%
ECL	D	0.89%	0.01%	0.01%
EFX	F	0.01%	0.01%	0.01%
EL	F	0.03%	0.01%	0.01%
ELS	C	0.03%	0.0%	0.0%
ELV	F	0.32%	0.21%	0.21%
EME	A	0.02%	0.04%	0.02%
EMN	C	0.01%	0.01%	0.01%
EMR	B	0.04%	0.03%	0.03%
ENPH	F	0.07%	0.01%	0.01%
ENTG	D	0.02%	0.0%	0.0%
EPAM	B	0.02%	0.02%	0.02%
EQH	C	0.06%	0.01%	0.01%
EQIX	A	0.02%	0.02%	0.02%
EQR	C	0.07%	0.01%	0.01%
ERIE	D	0.01%	0.12%	0.01%
ESS	B	0.04%	0.01%	0.01%
EW	C	0.28%	0.07%	0.07%
EXAS	D	0.03%	0.0%	0.0%
EXPE	B	0.05%	0.01%	0.01%
EXR	C	0.0%	0.01%	0.0%
FAST	B	0.03%	0.09%	0.03%
FCNCA	A	0.01%	0.11%	0.01%
FDS	B	0.01%	0.03%	0.01%
FDX	B	0.01%	0.07%	0.01%
FFIV	B	0.01%	0.16%	0.01%
FI	A	0.07%	0.09%	0.07%
FICO	B	0.01%	0.05%	0.01%
FIS	C	0.04%	0.02%	0.02%
FITB	B	0.05%	0.03%	0.03%
FNF	B	0.07%	0.01%	0.01%
FOX	A	0.07%	0.01%	0.01%
FSLR	F	0.14%	0.01%	0.01%
FTNT	C	0.02%	0.01%	0.01%
FTV	C	0.01%	0.01%	0.01%
GDDY	A	0.01%	0.25%	0.01%
GEHC	D	0.9%	0.02%	0.02%
GEN	B	0.01%	0.12%	0.01%
GGG	B	0.0%	0.03%	0.0%
GILD	C	0.85%	0.24%	0.24%
GIS	D	0.26%	0.33%	0.26%
GLW	B	0.11%	0.02%	0.02%
GOOGL	C	4.19%	1.07%	1.07%
GPC	D	0.04%	0.05%	0.04%
GPN	B	0.04%	0.02%	0.02%
GS	A	0.39%	0.17%	0.17%
GWW	B	0.06%	0.11%	0.06%
H	B	0.01%	0.0%	0.0%
HBAN	A	0.03%	0.03%	0.03%
HCA	F	0.85%	0.04%	0.04%
HD	B	0.4%	0.15%	0.15%
HIG	B	0.1%	0.03%	0.03%
HLT	A	0.03%	0.01%	0.01%
HOLX	D	0.26%	0.01%	0.01%
HPE	B	0.22%	0.04%	0.04%
HPQ	B	0.79%	0.04%	0.04%
HSIC	C	0.12%	0.01%	0.01%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.06%	0.16%	0.06%
HUBB	B	0.01%	0.04%	0.01%
HUM	C	0.23%	0.15%	0.15%
IBM	C	0.25%	0.46%	0.25%
ICE	C	0.03%	0.03%	0.03%
IDXX	F	0.02%	0.07%	0.02%
IEX	C	0.01%	0.03%	0.01%
IFF	D	0.05%	0.01%	0.01%
ILMN	C	0.1%	0.0%	0.0%
INCY	C	0.11%	0.15%	0.11%
INTC	C	1.8%	0.1%	0.1%
INTU	B	0.03%	0.27%	0.03%
INVH	D	0.05%	0.01%	0.01%
IPG	D	0.03%	0.02%	0.02%
IQV	F	0.43%	0.01%	0.01%
IR	B	0.01%	0.01%	0.01%
IRM	C	0.01%	0.01%	0.01%
ISRG	A	0.35%	0.25%	0.25%
IT	C	0.03%	0.03%	0.03%
ITW	B	0.03%	0.13%	0.03%
J	D	0.28%	0.01%	0.01%
JBL	C	0.14%	0.02%	0.02%
JKHY	D	0.01%	0.07%	0.01%
JNJ	C	1.97%	1.1%	1.1%
JNPR	D	0.01%	0.12%	0.01%
JPM	A	0.77%	0.6%	0.6%
K	A	0.26%	0.23%	0.23%
KDP	F	0.03%	0.14%	0.03%
KEY	B	0.04%	0.02%	0.02%
KEYS	A	0.01%	0.17%	0.01%
KIM	A	0.01%	0.01%	0.01%
KLAC	F	0.04%	0.14%	0.04%
KMB	C	0.09%	0.11%	0.09%
KO	D	0.01%	0.56%	0.01%
KR	B	0.23%	0.31%	0.23%
KVUE	A	0.43%	0.08%	0.08%
L	A	0.06%	0.17%	0.06%
LEN	D	0.14%	0.09%	0.09%
LH	B	0.93%	0.02%	0.02%
LKQ	F	0.03%	0.01%	0.01%
LLY	F	1.74%	1.14%	1.14%
LOW	C	0.25%	0.07%	0.07%
LPLA	A	0.05%	0.05%	0.05%
LRCX	F	0.09%	0.18%	0.09%
LYV	A	0.04%	0.0%	0.0%
MA	B	0.12%	0.71%	0.12%
MAA	B	0.05%	0.01%	0.01%
MAR	A	0.06%	0.01%	0.01%
MAS	D	0.02%	0.01%	0.01%
MCHP	F	0.02%	0.06%	0.02%
MCK	A	0.52%	0.58%	0.52%
MCO	B	0.03%	0.13%	0.03%
MDLZ	F	0.29%	0.14%	0.14%
MET	A	0.21%	0.05%	0.05%
MKC	C	0.04%	0.01%	0.01%
MKL	A	0.06%	0.13%	0.06%
MMC	B	0.12%	0.51%	0.12%
MMM	D	0.06%	0.14%	0.06%
MOH	F	0.07%	0.06%	0.06%
MOS	F	1.63%	0.02%	0.02%
MPWR	F	0.0%	0.04%	0.0%
MRK	D	1.52%	0.42%	0.42%
MRNA	F	0.15%	0.01%	0.01%
MRVL	B	0.02%	0.01%	0.01%
MS	A	0.45%	0.12%	0.12%
MSCI	C	0.01%	0.0%	0.0%
MSFT	D	2.38%	2.3%	2.3%
MSI	B	0.03%	0.65%	0.03%
MTB	A	0.04%	0.05%	0.04%
MTCH	D	0.01%	0.0%	0.0%
MU	D	0.12%	0.04%	0.04%
NBIX	C	0.07%	0.11%	0.07%
NDAQ	A	0.02%	0.01%	0.01%
NDSN	B	0.0%	0.02%	0.0%
NFLX	A	0.1%	0.54%	0.1%
NOW	A	0.02%	0.01%	0.01%
NSC	B	0.01%	0.03%	0.01%
NTAP	C	0.03%	0.04%	0.03%
NTRS	A	0.04%	0.02%	0.02%
NVDA	B	0.11%	2.53%	0.11%
NVR	D	0.05%	0.06%	0.05%
O	C	0.01%	0.02%	0.01%
OMC	C	0.05%	0.04%	0.04%
ON	D	0.03%	0.01%	0.01%
ORCL	A	0.22%	0.25%	0.22%
ORLY	B	0.04%	0.24%	0.04%
OTIS	C	0.02%	0.01%	0.01%
PANW	B	0.02%	0.18%	0.02%
PAYC	B	0.01%	0.02%	0.01%
PAYX	B	0.02%	0.1%	0.02%
PEP	F	0.38%	0.77%	0.38%
PFE	F	1.42%	0.18%	0.18%
PFG	D	0.06%	0.02%	0.02%
PG	C	3.88%	0.95%	0.95%
PGR	A	0.22%	0.35%	0.22%
PH	A	0.04%	0.02%	0.02%
PHM	D	0.07%	0.06%	0.06%
PLD	F	0.02%	0.04%	0.02%
PNC	B	0.12%	0.1%	0.1%
PODD	C	0.09%	0.0%	0.0%
POOL	C	0.0%	0.03%	0.0%
PPG	F	0.03%	0.01%	0.01%
PRU	A	0.18%	0.05%	0.05%
PSA	C	0.01%	0.09%	0.01%
PSTG	D	0.01%	0.0%	0.0%
PTC	B	0.0%	0.08%	0.0%
PWR	A	0.02%	0.01%	0.01%
PYPL	B	0.1%	0.04%	0.04%
QCOM	F	0.14%	0.32%	0.14%
QRVO	F	0.01%	0.0%	0.0%
REG	A	0.01%	0.01%	0.01%
REGN	F	0.41%	0.31%	0.31%
RF	A	0.04%	0.03%	0.03%
RJF	A	0.07%	0.02%	0.02%
RMD	C	0.19%	0.05%	0.05%
ROK	C	0.02%	0.06%	0.02%
ROKU	D	0.05%	0.0%	0.0%
ROP	B	0.01%	0.48%	0.01%
ROST	D	0.02%	0.02%	0.02%
RPRX	D	0.1%	0.01%	0.01%
RS	B	0.03%	0.02%	0.02%
RSG	A	0.04%	0.46%	0.04%
RVTY	F	0.11%	0.01%	0.01%
SBAC	D	0.01%	0.01%	0.01%
SCHW	B	0.09%	0.04%	0.04%
SEIC	B	0.01%	0.02%	0.01%
SHW	B	0.05%	0.14%	0.05%
SJM	D	0.46%	0.07%	0.07%
SMCI	F	0.01%	0.01%	0.01%
SNA	A	0.01%	0.04%	0.01%
SNPS	B	0.02%	0.12%	0.02%
SOLV	D	0.17%	0.03%	0.03%
SPG	A	0.03%	0.02%	0.02%
SPGI	C	0.03%	0.04%	0.03%
SQ	A	0.07%	0.02%	0.02%
SSNC	B	0.02%	0.01%	0.01%
STT	B	0.1%	0.03%	0.03%
SUI	C	0.05%	0.01%	0.01%
SWK	D	0.03%	0.01%	0.01%
SWKS	F	0.02%	0.03%	0.02%
SYF	B	0.09%	0.04%	0.04%
SYK	B	1.2%	0.03%	0.03%
SYY	D	0.07%	0.03%	0.03%
T	A	0.89%	0.39%	0.39%
TECH	F	0.06%	0.0%	0.0%
TER	F	0.01%	0.02%	0.01%
TFC	A	0.11%	0.09%	0.09%
TFX	F	0.14%	0.0%	0.0%
TGT	F	0.13%	0.15%	0.13%
TJX	A	0.07%	0.35%	0.07%
TMO	F	0.75%	0.06%	0.06%
TMUS	B	0.44%	0.76%	0.44%
TOST	B	0.01%	0.0%	0.0%
TRMB	B	0.01%	0.01%	0.01%
TROW	B	0.04%	0.05%	0.04%
TRU	D	0.01%	0.01%	0.01%
TRV	B	0.18%	0.3%	0.18%
TSCO	D	0.02%	0.06%	0.02%
TSLA	B	0.21%	0.16%	0.16%
TTC	C	0.04%	0.02%	0.02%
TTD	B	0.0%	0.0%	0.0%
TTWO	A	0.01%	0.01%	0.01%
TW	A	0.0%	0.0%	0.0%
TXN	C	0.1%	0.48%	0.1%
TYL	B	0.01%	0.0%	0.0%
UDR	B	0.03%	0.0%	0.0%
UHAL	D	0.01%	0.0%	0.0%
UHS	D	0.18%	0.01%	0.01%
ULTA	F	0.02%	0.06%	0.02%
UNH	B	0.96%	1.35%	0.96%
UNP	C	0.02%	0.26%	0.02%
UPS	C	0.03%	0.07%	0.03%
URI	C	0.01%	0.02%	0.01%
USB	A	0.14%	0.09%	0.09%
UTHR	C	0.09%	0.15%	0.09%
V	A	0.17%	1.21%	0.17%
VEEV	C	0.01%	0.05%	0.01%
VLTO	C	0.32%	0.05%	0.05%
VRSK	A	0.01%	0.01%	0.01%
VRSN	C	0.01%	0.14%	0.01%
VRT	B	0.02%	0.0%	0.0%
VRTX	D	0.61%	0.43%	0.43%
VTR	B	0.06%	0.01%	0.01%
VTRS	A	0.25%	0.03%	0.03%
VZ	C	0.86%	0.58%	0.58%
WAT	C	0.07%	0.04%	0.04%
WBA	F	0.21%	0.04%	0.04%
WBD	B	0.08%	0.07%	0.07%
WDAY	B	0.02%	0.04%	0.02%
WDC	D	0.1%	0.01%	0.01%
WELL	A	0.03%	0.02%	0.02%
WFC	A	0.53%	0.28%	0.28%
WLK	D	0.05%	0.0%	0.0%
WM	B	0.06%	0.52%	0.06%
WMT	A	1.15%	0.76%	0.76%
WPC	C	0.01%	0.01%	0.01%
WRB	A	0.04%	0.14%	0.04%
WSO	A	0.03%	0.03%	0.03%
WST	C	0.07%	0.04%	0.04%
WTRG	B	0.08%	0.01%	0.01%
XRX	F	0.02%	0.0%	0.0%
XYL	D	0.01%	0.01%	0.01%
ZBH	C	0.45%	0.01%	0.01%
ZBRA	B	0.04%	0.01%	0.01%

HKND Overweight 574 Positions Relative to QWLD

Symbol	Grade	Weight
FMC	D	0.66%
FDP	B	0.57%
INGR	C	0.53%
THC	D	0.32%
SPB	C	0.29%
FELE	B	0.27%
ZWS	B	0.19%
LUMN	C	0.15%
ENOV	C	0.15%
SEM	B	0.11%
TITN	C	0.11%
RDNT	B	0.1%
IART	C	0.1%
AHCO	F	0.1%
FTRE	D	0.1%
MASI	B	0.1%
ICUI	D	0.1%
MAN	F	0.09%
FLO	D	0.09%
ALNY	D	0.09%
EMBC	C	0.08%
RUN	F	0.08%
DXC	B	0.08%
UAN	B	0.08%
EHC	B	0.08%
KD	B	0.08%
OGN	F	0.08%
ITGR	B	0.08%
ALG	B	0.08%
LXU	B	0.08%
GMED	A	0.07%
CWT	C	0.07%
MMSI	A	0.07%
MTD	F	0.07%
HAE	C	0.07%
POST	C	0.07%
UNFI	A	0.06%
BERY	C	0.06%
GXO	B	0.06%
SNX	D	0.06%
EXEL	B	0.06%
CNMD	C	0.06%
AYI	B	0.06%
RGA	A	0.06%
FAF	A	0.05%
JLL	D	0.05%
LBRDA	C	0.05%
SJW	F	0.05%
JEF	A	0.05%
BRKR	D	0.05%
WHR	B	0.05%
TOL	B	0.05%
OPK	C	0.05%
LNC	C	0.05%
SRPT	F	0.05%
SMG	C	0.05%
PEN	B	0.05%
HUN	F	0.04%
LNN	B	0.04%
SNEX	B	0.04%
RHI	C	0.04%
TMHC	C	0.04%
GME	C	0.04%
MEDP	D	0.04%
RVMD	C	0.04%
PCVX	D	0.04%
ORI	A	0.04%
SCSC	C	0.04%
ITCI	C	0.04%
OMI	F	0.04%
NOVT	D	0.04%
AVNS	F	0.04%
MD	C	0.04%
CR	A	0.04%
TDS	B	0.04%
AWR	B	0.04%
WMG	D	0.04%
FYBR	C	0.04%
KLG	B	0.04%
UNM	A	0.04%
TWI	F	0.03%
LNTH	D	0.03%
CORT	B	0.03%
USM	B	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%
HWKN	B	0.03%
THG	A	0.03%
SMMT	D	0.03%
WTS	B	0.03%
ENSG	C	0.03%
NEO	C	0.03%
GNW	A	0.03%
MIDD	C	0.03%
SGRY	F	0.03%
IONS	F	0.03%
CHWY	B	0.03%
CYTK	F	0.03%
VOYA	B	0.03%
OFIX	C	0.03%
SF	B	0.03%
AMRX	C	0.03%
ENR	B	0.03%
DAR	C	0.03%
IRDM	D	0.03%
NWS	A	0.03%
REZI	A	0.03%
BPMC	B	0.03%
IVZ	B	0.03%
SANM	B	0.03%
VYX	B	0.03%
CNXN	C	0.03%
VKTX	F	0.03%
BKD	F	0.02%
SUPN	C	0.02%
NTRA	A	0.02%
SEE	C	0.02%
MSEX	C	0.02%
STC	B	0.02%
JANX	C	0.02%
DNLI	D	0.02%
SCI	B	0.02%
AIT	B	0.02%
ACLX	C	0.02%
PCRX	C	0.02%
EWTX	C	0.02%
UTZ	D	0.02%
SIGI	C	0.02%
AVT	C	0.02%
SRRK	C	0.02%
NATL	B	0.02%
RARE	F	0.02%
GL	C	0.02%
TGTX	B	0.02%
KELYA	F	0.02%
CCS	D	0.02%
ATR	B	0.02%
ADTN	A	0.02%
CENTA	C	0.02%
EVR	B	0.02%
ESAB	C	0.02%
AAP	D	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%
FHN	A	0.02%
AXSM	B	0.02%
PLXS	B	0.02%
ADV	D	0.02%
R	B	0.02%
PFSI	C	0.02%
COOP	B	0.02%
WCC	B	0.02%
ZION	B	0.02%
SMPL	B	0.02%
ATEC	C	0.02%
TPH	D	0.02%
KRYS	C	0.02%
AORT	B	0.02%
BHF	C	0.02%
WMS	F	0.02%
ALIT	C	0.02%
ACAD	C	0.02%
AZTA	D	0.02%
GH	B	0.02%
AMKR	D	0.02%
MCY	A	0.02%
CRNX	C	0.02%
NWL	C	0.02%
GAP	C	0.02%
CMA	B	0.02%
PTCT	B	0.02%
LECO	C	0.02%
JJSF	C	0.02%
COMP	B	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%
BBIO	F	0.02%
TPG	A	0.02%
AMED	F	0.02%
GFS	C	0.02%
MDGL	B	0.02%
SIRI	C	0.02%
TNDM	D	0.02%
FLGT	F	0.02%
RKT	F	0.02%
ATRC	C	0.02%
ARW	D	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%
AEO	F	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%
DLB	B	0.01%
SFNC	C	0.01%
PLAY	D	0.01%
USPH	B	0.01%
SATS	D	0.01%
URBN	C	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%
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%
BKU	A	0.01%
PJT	A	0.01%
FLS	B	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%
DBX	B	0.01%
SSB	B	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%
AVO	C	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%
HMN	B	0.01%
AKRO	B	0.01%
SKY	A	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%
ASTH	F	0.01%
ASB	B	0.01%
FG	A	0.01%
ASIX	B	0.01%
RDN	D	0.01%
FNB	A	0.01%
IAC	F	0.01%
TCBI	C	0.01%
UMBF	B	0.01%
HTH	C	0.01%
FND	D	0.01%
CXT	C	0.01%
CBSH	B	0.01%
ENS	F	0.01%
SSYS	B	0.01%
COLL	F	0.01%
KWR	C	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%
LAMR	C	0.01%
MSM	C	0.01%
SITE	F	0.01%
UPBD	B	0.01%
BEAM	D	0.01%
JBSS	F	0.01%
IOSP	C	0.01%
BGS	F	0.01%
TDOC	C	0.01%
MORN	B	0.01%
ANIP	F	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%
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%
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%
NSIT	F	0.01%
BECN	B	0.01%
PINC	B	0.01%
TEX	F	0.01%
MDXG	B	0.01%
HLI	A	0.01%
WBS	A	0.01%
HRMY	D	0.01%
CGON	F	0.01%
NMRK	C	0.01%
IDT	B	0.01%
AXTA	B	0.01%
BCC	B	0.01%
AGIO	C	0.01%
CPRX	C	0.01%
IRWD	F	0.01%
FNA	B	0.01%
KFY	B	0.01%
KEX	B	0.01%
BGC	C	0.01%
ASH	F	0.01%
ARVN	F	0.01%
TWST	F	0.01%
LMAT	A	0.01%
IDYA	F	0.01%
HOV	D	0.01%
CNXC	F	0.01%
NHC	C	0.01%
WTFC	A	0.01%
TGNA	B	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%
LGF.A	C	0.01%
RNA	C	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%
XRAY	F	0.01%
TARS	C	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%
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%
KROS	D	0.01%
NXST	C	0.01%
NARI	C	0.01%
EEFT	B	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%
TTEK	F	0.01%
EWBC	A	0.01%
AMG	B	0.01%
PRVA	C	0.01%
VCEL	B	0.01%
CIEN	C	0.01%
SNV	C	0.01%
LILAK	D	0.01%
VERA	C	0.01%
CNDT	C	0.01%
VIR	D	0.01%
COHR	B	0.01%
AMPH	F	0.01%
EDR	A	0.01%
FOLD	F	0.01%
HAIN	D	0.01%
VAC	C	0.01%
FCN	F	0.01%
SWTX	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%
TYRA	F	0.0%
FDMT	F	0.0%
IMNM	F	0.0%
MSGS	A	0.0%
COGT	D	0.0%
MODG	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%
CNA	C	0.0%
VSAT	F	0.0%
SAFT	B	0.0%
GOLF	B	0.0%
COTY	F	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%
CHH	A	0.0%
FRT	B	0.0%
ROG	D	0.0%
RCUS	F	0.0%
CBZ	B	0.0%
SANA	F	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%
HSII	B	0.0%
CATY	B	0.0%
YORW	F	0.0%
SLAB	F	0.0%
GBCI	B	0.0%

HKND Underweight 223 Positions Relative to QWLD

Symbol	Grade	Weight
META	D	-2.11%
GOOG	C	-0.94%
NVS	F	-0.79%
BRK.A	B	-0.73%
ACN	B	-0.65%
XOM	B	-0.47%
SO	C	-0.46%
MCD	D	-0.42%
LMT	D	-0.42%
CB	C	-0.4%
DUK	C	-0.36%
CAT	B	-0.36%
ED	C	-0.35%
CVX	A	-0.33%
NOC	D	-0.32%
GE	D	-0.31%
UL	D	-0.27%
WCN	A	-0.27%
ACGL	C	-0.26%
HON	C	-0.26%
HSBH	B	-0.25%
CBOE	C	-0.24%
MFG	A	-0.24%
KHC	F	-0.2%
WEC	A	-0.2%
GM	C	-0.19%
WMB	A	-0.19%
GD	D	-0.18%
NKE	F	-0.17%
AON	A	-0.17%
CHKP	C	-0.17%
MPC	D	-0.17%
TM	F	-0.15%
TSN	B	-0.15%
YUM	D	-0.15%
BAH	F	-0.15%
ZTS	D	-0.15%
TT	A	-0.15%
CMG	B	-0.14%
PSX	C	-0.14%
MUFG	B	-0.14%
TD	D	-0.12%
E	F	-0.12%
PCAR	B	-0.11%
BCS	A	-0.11%
DEO	F	-0.11%
COP	C	-0.1%
CNI	F	-0.1%
SMFG	B	-0.1%
XEL	A	-0.09%
FANG	C	-0.09%
LYG	D	-0.09%
RTX	D	-0.09%
AEE	A	-0.09%
HRL	D	-0.09%
F	C	-0.09%
VLO	C	-0.08%
AMCR	C	-0.08%
ODFL	C	-0.08%
CPRT	B	-0.08%
ROL	B	-0.08%
SONY	B	-0.08%
STLA	F	-0.08%
MNST	C	-0.07%
HMC	F	-0.07%
AEP	C	-0.07%
PM	B	-0.07%
LULU	C	-0.07%
WTW	B	-0.07%
NEE	C	-0.06%
TPL	A	-0.06%
LNG	A	-0.06%
TDY	B	-0.06%
EOG	A	-0.06%
EG	C	-0.06%
MDT	D	-0.06%
D	C	-0.06%
LIN	C	-0.06%
LOGI	D	-0.06%
DPZ	C	-0.06%
BTI	B	-0.05%
DINO	D	-0.05%
MT	B	-0.05%
CMS	C	-0.05%
DECK	A	-0.05%
GRMN	B	-0.05%
NEM	D	-0.04%
SRE	A	-0.04%
SBUX	A	-0.04%
MANH	D	-0.04%
PKG	A	-0.04%
EXPD	C	-0.04%
KMI	A	-0.04%
MO	A	-0.04%
NUE	C	-0.04%
TRGP	A	-0.04%
EIX	B	-0.03%
DVN	F	-0.03%
AVY	F	-0.03%
LYB	F	-0.03%
ETR	B	-0.03%
BX	A	-0.03%
JBHT	C	-0.03%
SW	A	-0.03%
LNT	A	-0.03%
PNR	A	-0.03%
JCI	B	-0.03%
ETN	A	-0.03%
SLB	C	-0.03%
OKE	A	-0.03%
EXC	C	-0.03%
OC	A	-0.03%
PCG	A	-0.03%
DRI	B	-0.03%
OXY	D	-0.03%
WSM	C	-0.03%
KMX	B	-0.02%
HAL	C	-0.02%
NXPI	D	-0.02%
MKTX	D	-0.02%
NRG	B	-0.02%
EQT	B	-0.02%
WY	F	-0.02%
NMR	B	-0.02%
CEG	C	-0.02%
DTE	C	-0.02%
OVV	B	-0.02%
AER	A	-0.02%
CTRA	B	-0.02%
VICI	C	-0.02%
MRO	B	-0.02%
PEG	A	-0.02%
IP	A	-0.02%
BKR	A	-0.02%
KKR	A	-0.02%
GEV	B	-0.02%
ALLE	C	-0.02%
STLD	B	-0.02%
FCX	F	-0.02%
LHX	C	-0.02%
APA	D	-0.02%
DASH	B	-0.01%
MGM	D	-0.01%
MBAVU	C	-0.01%
RCL	A	-0.01%
GLPI	C	-0.01%
RPM	A	-0.01%
HII	F	-0.01%
NWSA	A	-0.01%
STE	D	-0.01%
CCL	A	-0.01%
STX	C	-0.01%
TWLO	A	-0.01%
AES	F	-0.01%
CCEP	C	-0.01%
DAL	B	-0.01%
HWM	A	-0.01%
ZM	C	-0.01%
CHRD	D	-0.01%
CCK	D	-0.01%
STZ	D	-0.01%
TDG	D	-0.01%
BALL	F	-0.01%
DLTR	F	-0.01%
CPAY	A	-0.01%
WFG	C	-0.01%
SE	A	-0.01%
KNX	C	-0.01%
LDOS	C	-0.01%
TXT	D	-0.01%
VMC	B	-0.01%
NI	A	-0.01%
MLM	C	-0.01%
APTV	F	-0.01%
UBER	F	-0.01%
CNP	A	-0.01%
EVRG	A	-0.01%
VST	A	-0.01%
CHRW	B	-0.01%
ATO	A	-0.01%
DG	F	-0.01%
HES	B	-0.01%
FOXA	A	-0.01%
WAB	B	-0.01%
MELI	C	-0.01%
TAP	C	-0.01%
BA	F	-0.01%
FE	C	-0.01%
ES	C	-0.01%
PPL	A	-0.01%
CNH	C	-0.01%
PARA	C	-0.01%
GLBE	B	-0.0%
IOT	A	-0.0%
NET	B	-0.0%
RBLX	C	-0.0%
DDOG	A	-0.0%
DKNG	B	-0.0%
SNAP	D	-0.0%
FUTU	D	-0.0%
HEI	A	-0.0%
PINS	F	-0.0%
DT	D	-0.0%
SNOW	B	-0.0%
DOCU	B	-0.0%
GRAB	A	-0.0%
WYNN	C	-0.0%
OKTA	C	-0.0%
CRWD	B	-0.0%
MSTR	B	-0.0%
LII	A	-0.0%
HOOD	B	-0.0%
HEI	A	-0.0%
RIVN	F	-0.0%
Z	A	-0.0%
LUV	C	-0.0%
QGEN	D	-0.0%
LW	C	-0.0%
AXON	A	-0.0%
LVS	B	-0.0%
OTEX	F	-0.0%
PLTR	B	-0.0%
FBIN	D	-0.0%