HKND vs. VCLT ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Vanguard Long-Term Corporate Bond ETF (VCLT)

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

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$76.71

Average Daily Volume

2,376,656

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

Performance

Period	HKND	VCLT
30 Days	1.63%	-0.42%
60 Days	0.72%	-5.07%
90 Days	1.42%	-3.71%
12 Months	19.65%	8.25%

203 Overlapping Holdings

	Symbol	Grade	Weight in HKND	Weight in VCLT	Overlap
	AAPL	C	2.24%	0.04%	0.04%
	ABBV	D	2.0%	0.03%	0.03%
	ABT	B	1.08%	0.03%	0.03%
	ADI	D	0.04%	0.02%	0.02%
	ADM	D	1.56%	0.01%	0.01%
	AFG	A	0.04%	0.02%	0.02%
	AFL	B	0.08%	0.02%	0.02%
	AIG	B	0.23%	0.01%	0.01%
	AJG	B	0.04%	0.02%	0.02%
	ALB	C	0.01%	0.01%	0.01%
	ALL	A	0.21%	0.01%	0.01%
	ALLY	C	0.05%	0.03%	0.03%
	AMAT	F	0.17%	0.03%	0.03%
	AMGN	D	1.1%	0.01%	0.01%
	AMH	D	0.03%	0.01%	0.01%
	AMT	D	0.04%	0.03%	0.03%
	AMZN	C	0.57%	0.05%	0.05%
	APD	A	0.02%	0.03%	0.02%
	ARE	D	0.01%	0.01%	0.01%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	D	0.12%	0.04%	0.04%
	AWK	D	0.39%	0.01%	0.01%
	AXP	A	0.2%	0.06%	0.06%
	BAC	A	0.51%	0.02%	0.02%
	BAX	D	0.84%	0.02%	0.02%
	BDX	F	1.15%	0.01%	0.01%
	BEN	C	0.04%	0.01%	0.01%
	BHF	B	0.02%	0.04%	0.02%
	BIIB	F	0.3%	0.05%	0.05%
	BMY	B	0.93%	0.03%	0.03%
	BSX	B	0.74%	0.01%	0.01%
	BXP	D	0.01%	0.01%	0.01%
	C	A	0.41%	0.01%	0.01%
	CAG	D	0.36%	0.05%	0.05%
	CAH	B	0.31%	0.01%	0.01%
	CARR	D	0.0%	0.06%	0.0%
	CCI	D	0.02%	0.02%	0.02%
	CF	B	0.98%	0.03%	0.03%
	CFG	B	0.04%	0.03%	0.03%
	CHD	B	0.36%	0.02%	0.02%
	CHTR	C	0.18%	0.03%	0.03%
	CI	F	1.11%	0.02%	0.02%
	CINF	A	0.04%	0.02%	0.02%
	CL	D	1.35%	0.02%	0.02%
	CMCSA	B	0.68%	0.01%	0.01%
	CME	A	0.02%	0.03%	0.02%
	CMI	A	0.05%	0.02%	0.02%
	COST	B	0.11%	0.06%	0.06%
	CPB	D	0.08%	0.02%	0.02%
	CPT	B	0.03%	0.03%	0.03%
	CRM	B	0.08%	0.05%	0.05%
	CSCO	B	0.16%	0.07%	0.07%
	CSX	B	0.01%	0.01%	0.01%
	CVS	D	0.5%	0.01%	0.01%
	DD	D	0.31%	0.07%	0.07%
	DE	A	2.08%	0.02%	0.02%
	DELL	C	0.99%	0.11%	0.11%
	DHR	F	0.59%	0.02%	0.02%
	DIS	B	0.2%	0.01%	0.01%
	DOC	D	0.01%	0.01%	0.01%
	DOV	A	0.01%	0.01%	0.01%
	DOW	F	0.21%	0.02%	0.02%
	EA	A	0.02%	0.01%	0.01%
	EBAY	D	0.05%	0.03%	0.03%
	ECL	D	0.87%	0.02%	0.02%
	EL	F	0.04%	0.01%	0.01%
	EMN	D	0.01%	0.02%	0.01%
	EMR	A	0.03%	0.01%	0.01%
	EQH	B	0.05%	0.09%	0.05%
	EQIX	A	0.02%	0.01%	0.01%
	EQR	B	0.07%	0.01%	0.01%
	ESS	B	0.04%	0.01%	0.01%
	EXR	D	0.01%	0.01%	0.01%
	FDX	B	0.01%	0.01%	0.01%
	FIS	C	0.03%	0.02%	0.02%
	FITB	A	0.04%	0.07%	0.04%
	FMC	D	0.82%	0.02%	0.02%
	FNF	B	0.07%	0.01%	0.01%
	FRT	B	0.0%	0.01%	0.0%
	FTV	C	0.01%	0.03%	0.01%
	GILD	C	0.7%	0.02%	0.02%
	GIS	D	0.29%	0.01%	0.01%
	GLW	B	0.09%	0.01%	0.01%
	GOOGL	C	3.87%	0.04%	0.04%
	GPN	B	0.04%	0.04%	0.04%
	GS	A	0.34%	0.01%	0.01%
	GWW	B	0.05%	0.02%	0.02%
	HAS	D	0.01%	0.01%	0.01%
	HCA	F	0.91%	0.06%	0.06%
	HD	A	0.37%	0.01%	0.01%
	HIG	B	0.1%	0.01%	0.01%
	HPE	B	0.21%	0.04%	0.04%
	HPQ	B	0.81%	0.06%	0.06%
	HSY	F	0.06%	0.01%	0.01%
	HUM	C	0.3%	0.01%	0.01%
	IBM	C	0.26%	0.02%	0.02%
	ICE	C	0.03%	0.02%	0.02%
	IFF	D	0.06%	0.01%	0.01%
	INGR	B	0.49%	0.01%	0.01%
	INTC	D	1.51%	0.03%	0.03%
	IPG	D	0.04%	0.01%	0.01%
	ITW	B	0.03%	0.03%	0.03%
	IVZ	B	0.03%	0.02%	0.02%
	JEF	A	0.04%	0.01%	0.01%
	JNJ	D	0.71%	0.02%	0.02%
	JNPR	F	0.01%	0.04%	0.01%
	JPM	A	0.69%	0.01%	0.01%
	K	A	0.26%	0.02%	0.02%
	KDP	D	0.04%	0.01%	0.01%
	KIM	A	0.01%	0.01%	0.01%
	KLAC	D	0.06%	0.02%	0.02%
	KMB	D	0.1%	0.01%	0.01%
	KO	D	0.01%	0.01%	0.01%
	KR	B	0.21%	0.01%	0.01%
	L	A	0.06%	0.04%	0.04%
	LH	C	0.93%	0.03%	0.03%
	LLY	F	2.09%	0.01%	0.01%
	LNC	B	0.05%	0.02%	0.02%
	LOW	D	0.22%	0.01%	0.01%
	LRCX	F	0.11%	0.02%	0.02%
	MA	C	0.11%	0.02%	0.02%
	MAA	B	0.05%	0.01%	0.01%
	MAR	B	0.05%	0.03%	0.03%
	MAS	D	0.02%	0.01%	0.01%
	MCO	B	0.02%	0.02%	0.02%
	MDLZ	F	0.31%	0.03%	0.03%
	MET	A	0.19%	0.02%	0.02%
	MKC	D	0.05%	0.02%	0.02%
	MKL	A	0.05%	0.01%	0.01%
	MMC	B	0.13%	0.01%	0.01%
	MMM	D	0.06%	0.01%	0.01%
	MOS	F	1.72%	0.02%	0.02%
	MRK	F	1.84%	0.01%	0.01%
	MS	A	0.35%	0.05%	0.05%
	MSFT	F	2.37%	0.01%	0.01%
	MSI	B	0.02%	0.02%	0.02%
	NDAQ	A	0.02%	0.02%	0.02%
	NSC	B	0.0%	0.01%	0.0%
	NVDA	C	0.09%	0.03%	0.03%
	O	D	0.01%	0.02%	0.01%
	ORCL	B	0.17%	0.04%	0.04%
	ORI	A	0.04%	0.03%	0.03%
	OTIS	C	0.02%	0.02%	0.02%
	PEP	F	0.4%	0.02%	0.02%
	PFE	D	1.58%	0.02%	0.02%
	PFG	D	0.05%	0.01%	0.01%
	PG	A	4.05%	0.01%	0.01%
	PGR	A	0.21%	0.01%	0.01%
	PH	A	0.04%	0.02%	0.02%
	PHM	D	0.07%	0.01%	0.01%
	PLD	D	0.03%	0.01%	0.01%
	PRU	A	0.16%	0.01%	0.01%
	PWR	A	0.02%	0.02%	0.02%
	PYPL	B	0.08%	0.03%	0.03%
	QCOM	F	0.15%	0.02%	0.02%
	REG	B	0.01%	0.01%	0.01%
	REGN	F	0.61%	0.02%	0.02%
	RF	A	0.03%	0.01%	0.01%
	RJF	A	0.05%	0.03%	0.03%
	ROK	B	0.02%	0.02%	0.02%
	RPRX	D	0.11%	0.03%	0.03%
	RSG	A	0.04%	0.01%	0.01%
	SCHW	B	0.07%	0.02%	0.02%
	SHW	A	0.04%	0.01%	0.01%
	SIGI	C	0.01%	0.01%	0.01%
	SJM	D	0.54%	0.01%	0.01%
	SNA	A	0.01%	0.01%	0.01%
	SPG	B	0.03%	0.01%	0.01%
	SPGI	C	0.03%	0.03%	0.03%
	SWK	D	0.04%	0.02%	0.02%
	SYK	C	1.07%	0.02%	0.02%
	SYY	B	0.07%	0.01%	0.01%
	T	A	0.8%	0.01%	0.01%
	TGT	F	0.1%	0.02%	0.02%
	TJX	A	0.06%	0.04%	0.04%
	TMO	F	0.86%	0.01%	0.01%
	TMUS	B	0.37%	0.03%	0.03%
	TRV	B	0.16%	0.01%	0.01%
	TXN	C	0.09%	0.02%	0.02%
	UDR	B	0.03%	0.01%	0.01%
	UNH	C	0.96%	0.01%	0.01%
	UNM	A	0.04%	0.01%	0.01%
	UNP	C	0.03%	0.01%	0.01%
	UPS	C	0.03%	0.02%	0.02%
	V	A	0.15%	0.02%	0.02%
	VOYA	B	0.03%	0.01%	0.01%
	VRSK	A	0.01%	0.02%	0.01%
	VTR	C	0.05%	0.01%	0.01%
	VTRS	A	0.25%	0.03%	0.03%
	VZ	C	0.89%	0.01%	0.01%
	WBA	F	0.26%	0.04%	0.04%
	WELL	A	0.02%	0.01%	0.01%
	WFC	A	0.42%	0.01%	0.01%
	WHR	B	0.04%	0.02%	0.02%
	WLK	D	0.06%	0.01%	0.01%
	WM	A	0.07%	0.03%	0.03%
	WMT	A	1.06%	0.02%	0.02%
	WPC	D	0.01%	0.02%	0.01%
	WRB	A	0.04%	0.01%	0.01%
	WTRG	B	0.09%	0.02%	0.02%
	WU	D	0.03%	0.03%	0.03%
	XYL	D	0.01%	0.02%	0.01%
	ZBH	C	0.45%	0.02%	0.02%

HKND Overweight 755 Positions Relative to VCLT

	Symbol	Grade	Weight
	CTVA	C	1.48%
	GEHC	F	0.93%
	BG	F	0.89%
	AGCO	D	0.68%
	DGX	A	0.62%
	VRTX	F	0.59%
	IQV	D	0.53%
	MCK	B	0.49%
	FDP	B	0.48%
	ELV	F	0.44%
	KVUE	A	0.4%
	CNC	D	0.37%
	VLTO	D	0.36%
	COR	B	0.35%
	MRNA	F	0.35%
	ISRG	A	0.33%
	EW	C	0.31%
	THC	D	0.3%
	J	F	0.29%
	SPB	C	0.29%
	HOLX	D	0.27%
	FELE	B	0.26%
	CLX	B	0.22%
	BBY	D	0.22%
	UHS	D	0.21%
	RMD	C	0.2%
	TFX	F	0.17%
	DHI	D	0.16%
	COF	B	0.16%
	TSLA	B	0.16%
	CTLT	B	0.15%
	AVTR	F	0.15%
	FSLR	F	0.15%
	SOLV	C	0.15%
	A	D	0.15%
	ZWS	B	0.15%
	ENOV	C	0.15%
	LEN	D	0.14%
	ENPH	F	0.14%
	MU	D	0.14%
	HSIC	B	0.14%
	DVA	B	0.13%
	RUN	F	0.13%
	DXCM	D	0.13%
	AIZ	A	0.12%
	FTRE	D	0.12%
	USB	A	0.12%
	JBL	B	0.12%
	TITN	C	0.11%
	OGN	D	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%
	ALNY	D	0.1%
	BLK	C	0.1%
	ICUI	D	0.1%
	CRL	C	0.1%
	TFC	A	0.1%
	SEM	B	0.1%
	BK	A	0.1%
	CBRE	B	0.1%
	WDC	D	0.1%
	STT	A	0.09%
	POST	C	0.09%
	MTD	D	0.09%
	BIO	D	0.09%
	NFLX	A	0.09%
	LUMN	C	0.09%
	IART	C	0.09%
	ILMN	D	0.09%
	UTHR	C	0.08%
	UAN	B	0.08%
	ITGR	B	0.08%
	MOH	F	0.08%
	CWT	D	0.08%
	ALG	B	0.08%
	CDW	F	0.08%
	KD	B	0.08%
	RDNT	B	0.08%
	CTSH	B	0.08%
	LXU	B	0.08%
	ACM	A	0.08%
	INCY	C	0.08%
	NBIX	C	0.08%
	MASI	A	0.08%
	DFS	B	0.07%
	SYF	B	0.07%
	SRPT	D	0.07%
	ADP	B	0.07%
	WAT	B	0.07%
	EMBC	C	0.07%
	AMD	F	0.07%
	TECH	D	0.07%
	MMSI	B	0.07%
	EHC	B	0.07%
	DXC	B	0.07%
	AMP	A	0.07%
	WBD	C	0.07%
	ACI	C	0.07%
	FI	A	0.06%
	FOX	A	0.06%
	HAE	C	0.06%
	RGA	A	0.06%
	CNMD	C	0.06%
	GMED	A	0.06%
	SQ	B	0.06%
	SNX	C	0.06%
	BRKR	D	0.06%
	WST	C	0.06%
	CRBG	B	0.06%
	BKNG	A	0.06%
	PODD	C	0.06%
	KLG	C	0.05%
	FAF	A	0.05%
	SMCI	F	0.05%
	NVR	D	0.05%
	TTC	D	0.05%
	GPC	D	0.05%
	AVNS	F	0.05%
	GXO	B	0.05%
	MEDP	D	0.05%
	OPK	C	0.05%
	APH	A	0.05%
	INVH	D	0.05%
	SUI	D	0.05%
	OMC	C	0.05%
	OMI	F	0.05%
	ADBE	C	0.05%
	SMG	D	0.05%
	SJW	D	0.05%
	BERY	B	0.05%
	CNXN	C	0.04%
	FYBR	D	0.04%
	KEY	B	0.04%
	IONS	F	0.04%
	LKQ	D	0.04%
	LNN	B	0.04%
	ORLY	B	0.04%
	BPMC	C	0.04%
	EXPE	B	0.04%
	CTAS	B	0.04%
	LPLA	A	0.04%
	CR	A	0.04%
	NTRS	A	0.04%
	ROKU	D	0.04%
	UNFI	A	0.04%
	VKTX	F	0.04%
	OPCH	D	0.04%
	HUN	F	0.04%
	TROW	B	0.04%
	EXAS	D	0.04%
	AZO	C	0.04%
	SCSC	B	0.04%
	TNDM	F	0.04%
	NTAP	C	0.04%
	NOVT	D	0.04%
	AWR	B	0.04%
	TOL	B	0.04%
	JLL	D	0.04%
	PEN	B	0.04%
	AYI	B	0.04%
	EXEL	B	0.04%
	ABM	B	0.03%
	ROST	C	0.03%
	FAST	B	0.03%
	CHE	D	0.03%
	AMED	F	0.03%
	APO	B	0.03%
	APLS	D	0.03%
	REZI	A	0.03%
	GFS	C	0.03%
	AZTA	D	0.03%
	AMKR	D	0.03%
	KBH	D	0.03%
	SIRI	C	0.03%
	HWKN	B	0.03%
	XRX	F	0.03%
	GNW	A	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%
	CG	A	0.03%
	ARW	D	0.03%
	HALO	F	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%
	RVMD	C	0.03%
	IRDM	D	0.03%
	OFIX	B	0.03%
	MIDD	C	0.03%
	IT	C	0.03%
	TDS	B	0.03%
	ELS	C	0.03%
	NWS	B	0.03%
	RHI	B	0.03%
	FLGT	F	0.03%
	DAR	C	0.03%
	ENR	B	0.03%
	NSP	D	0.03%
	GME	C	0.03%
	LBRDA	C	0.03%
	ON	D	0.03%
	MTB	A	0.03%
	ZBRA	B	0.03%
	SNEX	B	0.03%
	SANM	B	0.03%
	VYX	B	0.03%
	TMHC	B	0.03%
	RKT	F	0.03%
	SGRY	F	0.03%
	PPG	F	0.03%
	PCVX	D	0.03%
	LNTH	D	0.03%
	WMG	C	0.03%
	ITCI	C	0.03%
	GL	B	0.02%
	R	B	0.02%
	STC	B	0.02%
	ARWR	F	0.02%
	PLXS	B	0.02%
	TTEK	F	0.02%
	HST	C	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%
	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%
	FCN	D	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%
	EME	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%
	AORT	B	0.02%
	CENTA	C	0.02%
	CNXC	F	0.02%
	BLDR	D	0.02%
	OMF	A	0.02%
	IDXX	F	0.02%
	LECO	B	0.02%
	BRO	B	0.02%
	GH	B	0.02%
	BKD	D	0.02%
	NUVL	D	0.02%
	PAYX	C	0.02%
	ZG	A	0.02%
	INSM	C	0.02%
	DKS	C	0.02%
	NOW	A	0.02%
	TNET	D	0.02%
	KRYS	B	0.02%
	HLT	A	0.02%
	KELYA	F	0.02%
	WMS	D	0.02%
	SWKS	F	0.02%
	OPEN	D	0.02%
	ENTG	D	0.02%
	THG	A	0.02%
	MDGL	B	0.02%
	SSNC	B	0.02%
	USM	B	0.02%
	ADV	D	0.02%
	MMS	F	0.02%
	GAP	C	0.02%
	BBIO	F	0.02%
	LILAK	D	0.02%
	JJSF	B	0.02%
	THS	D	0.02%
	JXN	C	0.02%
	KMPR	B	0.02%
	SF	B	0.02%
	WTS	B	0.02%
	CSL	C	0.02%
	WSO	A	0.02%
	MTH	D	0.02%
	VCYT	B	0.01%
	MODG	F	0.01%
	SAVA	D	0.01%
	SLAB	D	0.01%
	ANF	C	0.01%
	TKO	B	0.01%
	UI	A	0.01%
	UBSI	B	0.01%
	WH	B	0.01%
	POOL	C	0.01%
	ONB	B	0.01%
	FLS	B	0.01%
	EOLS	D	0.01%
	ELVN	D	0.01%
	COTY	F	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%
	ONTO	D	0.01%
	TCBI	B	0.01%
	NYT	C	0.01%
	VZIO	A	0.01%
	SRRK	B	0.01%
	RGNX	F	0.01%
	KE	C	0.01%
	MPWR	F	0.01%
	BRX	A	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%
	CMC	B	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%
	DLB	B	0.01%
	HMN	B	0.01%
	DAWN	F	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%
	DAY	B	0.01%
	CRUS	D	0.01%
	SSYS	C	0.01%
	ACIW	B	0.01%
	MTN	C	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%
	FIX	A	0.01%
	ANSS	B	0.01%
	ACT	D	0.01%
	MDXG	B	0.01%
	APG	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%
	LFUS	F	0.01%
	CBSH	A	0.01%
	AKRO	B	0.01%
	PAYC	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%
	JKHY	D	0.01%
	WBS	A	0.01%
	SBAC	D	0.01%
	HTH	B	0.01%
	MTCH	D	0.01%
	RYAN	B	0.01%
	VLY	B	0.01%
	IOSP	B	0.01%
	KWR	C	0.01%
	CCRN	F	0.01%
	RDN	C	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%
	AXTA	A	0.01%
	CNM	D	0.01%
	MORN	B	0.01%
	WTFC	A	0.01%
	PINC	B	0.01%
	FND	C	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%
	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%
	ACHC	F	0.01%
	DYN	F	0.01%
	AIV	C	0.01%
	HRB	D	0.01%
	AOS	F	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%
	WAL	B	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%
	KEX	C	0.01%
	RNA	D	0.01%
	COLL	F	0.01%
	TNL	A	0.01%
	CSTL	D	0.01%
	ARDX	F	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%
	FFIV	B	0.01%
	VSAT	F	0.01%
	RYTM	C	0.01%
	DVAX	C	0.01%
	BURL	A	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%
	EWBC	A	0.01%
	ADSK	A	0.01%
	KEYS	A	0.01%
	HHH	B	0.01%
	AME	A	0.01%
	KYMR	D	0.01%
	NHC	C	0.01%
	LGND	B	0.01%
	GEN	B	0.01%
	VAC	B	0.01%
	CNO	A	0.01%
	ESI	A	0.01%
	NVST	B	0.01%
	ARVN	D	0.01%
	DNLI	D	0.01%
	RRX	B	0.01%
	H	B	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%
	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%
	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%
	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%
	ATR	B	0.01%
	PANW	C	0.01%
	AMPH	D	0.01%
	NVAX	F	0.01%
	NTRA	B	0.01%
	ZION	B	0.01%
	AMRK	F	0.01%
	RGEN	D	0.01%
	ROP	B	0.01%
	EPAM	C	0.01%
	WCC	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%
	GGG	B	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%
	IBP	D	0.0%
	HOMB	A	0.0%
	TYRA	F	0.0%
	TRIP	F	0.0%
	GOLF	B	0.0%
	ARQT	C	0.0%
	PCTY	B	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%
	FIVE	F	0.0%
	RCUS	F	0.0%
	ITT	A	0.0%
	SFNC	B	0.0%
	DCI	B	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%
	SFM	A	0.0%
	LFST	C	0.0%
	CGEM	F	0.0%
	SIBN	F	0.0%
	VCTR	B	0.0%
	TKR	D	0.0%
	PJT	A	0.0%
	IEX	B	0.0%
	ABCB	B	0.0%

HKND Underweight 136 Positions Relative to VCLT

	Symbol	Grade	Weight
	WIT	A	-0.21%
	MDT	D	-0.08%
	WY	D	-0.07%
	FOXA	B	-0.07%
	SCCO	F	-0.05%
	TAP	C	-0.05%
	LIN	D	-0.04%
	NXPI	D	-0.04%
	DT	C	-0.04%
	NEM	D	-0.04%
	BHP	F	-0.04%
	FANG	D	-0.03%
	AAL	B	-0.03%
	STE	F	-0.03%
	WEST	C	-0.03%
	NOV	C	-0.03%
	MLM	B	-0.03%
	OHI	C	-0.03%
	LEA	D	-0.03%
	DG	F	-0.03%
	PKG	A	-0.03%
	RPM	A	-0.03%
	DVN	F	-0.03%
	CB	C	-0.03%
	VLO	C	-0.03%
	MUFG	B	-0.03%
	PSX	C	-0.03%
	MPLX	A	-0.03%
	PECO	A	-0.02%
	STLD	B	-0.02%
	FE	C	-0.02%
	OGS	A	-0.02%
	LHX	C	-0.02%
	HRL	D	-0.02%
	HOG	D	-0.02%
	SBRA	C	-0.02%
	TEL	B	-0.02%
	VMI	B	-0.02%
	AVY	D	-0.02%
	KSS	F	-0.02%
	NWE	B	-0.02%
	PAA	B	-0.02%
	EG	C	-0.02%
	ES	D	-0.02%
	STZ	D	-0.02%
	CP	D	-0.02%
	NI	A	-0.02%
	HES	B	-0.02%
	CVX	A	-0.02%
	TSN	B	-0.02%
	MPC	D	-0.02%
	HAL	C	-0.02%
	EPD	A	-0.02%
	PM	B	-0.02%
	NOC	D	-0.02%
	COP	C	-0.02%
	RTX	C	-0.02%
	XOM	B	-0.02%
	AZN	D	-0.02%
	HSBC	B	-0.02%
	VOD	F	-0.02%
	GSK	F	-0.02%
	GE	D	-0.02%
	HIW	D	-0.01%
	AGO	B	-0.01%
	BWA	D	-0.01%
	AVA	A	-0.01%
	APTV	D	-0.01%
	DRI	B	-0.01%
	IDA	A	-0.01%
	LXP	D	-0.01%
	OPI	F	-0.01%
	JD	D	-0.01%
	ADC	B	-0.01%
	CACC	D	-0.01%
	AES	F	-0.01%
	PEG	A	-0.01%
	OGE	B	-0.01%
	EE	A	-0.01%
	BKH	A	-0.01%
	SWX	B	-0.01%
	KRC	C	-0.01%
	TT	A	-0.01%
	UAL	A	-0.01%
	KOF	F	-0.01%
	EOG	A	-0.01%
	PNW	B	-0.01%
	DTE	C	-0.01%
	EVRG	A	-0.01%
	ETN	A	-0.01%
	WEC	A	-0.01%
	ATO	A	-0.01%
	AEP	D	-0.01%
	AEE	A	-0.01%
	AON	A	-0.01%
	ZTS	D	-0.01%
	SRE	A	-0.01%
	VMC	B	-0.01%
	NNN	D	-0.01%
	NEE	D	-0.01%
	NUE	C	-0.01%
	EXC	C	-0.01%
	CNP	B	-0.01%
	CMS	C	-0.01%
	LNT	A	-0.01%
	OC	A	-0.01%
	ACGL	D	-0.01%
	XEL	A	-0.01%
	PPL	B	-0.01%
	JCI	C	-0.01%
	HON	B	-0.01%
	JBLU	F	-0.01%
	D	C	-0.01%
	EIX	B	-0.01%
	ED	D	-0.01%
	ETR	B	-0.01%
	SBUX	A	-0.01%
	IP	B	-0.01%
	KMI	A	-0.01%
	GD	F	-0.01%
	WMB	A	-0.01%
	LYB	F	-0.01%
	OKE	A	-0.01%
	DUK	C	-0.01%
	MRO	B	-0.01%
	GM	B	-0.01%
	CAT	B	-0.01%
	LMT	D	-0.01%
	ET	A	-0.01%
	SO	D	-0.01%
	NKE	D	-0.01%
	MO	A	-0.01%
	MCD	D	-0.01%
	BABA	D	-0.01%
	PCG	A	-0.01%
	BA	F	-0.01%

HKND: Top Represented Industries & Keywords

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

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

VCLT: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Drug Manufacturers - Major Insurance - Property & Casualty Utilities - Diversified Diversified Industrials Packaged Foods REIT - Retail Specialty Chemicals Insurance - Life Oil & Gas Midstream REIT - Residential Semiconductors Banks - Global Capital Markets Credit Services Oil & Gas E&P Aerospace & Defense Communication Equipment Household & Personal Products Insurance - Diversified

Keywords: S&P 500 Natural Gas Nasdaq 100 Electricity Dow Jones Component Insurance Real Estate Investment Trust Insurance Products Chemical Bank Computing Electronics Petroleum Industry Crude Oil Disability Medicine Financial Products Mining Natural Gas Storage Plastic