HKND vs. VFVA ETF Comparison

Comparison of Humankind US Stock ETF (HKND) to Vanguard Wellington Fund ETF (VFVA)

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

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$128.27

Average Daily Volume

12,937

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

Performance

Period	HKND	VFVA
30 Days	1.63%	6.78%
60 Days	0.72%	7.36%
90 Days	1.42%	7.38%
12 Months	19.65%	28.66%

261 Overlapping Holdings

	Symbol	Grade	Weight in HKND	Weight in VFVA	Overlap
	ABCB	B	0.0%	0.16%	0.0%
	ACT	D	0.01%	0.03%	0.01%
	ADM	D	1.56%	0.23%	0.23%
	AEO	F	0.01%	0.18%	0.01%
	AFL	B	0.08%	0.09%	0.08%
	AGCO	D	0.68%	0.18%	0.18%
	AHCO	F	0.11%	0.18%	0.11%
	AIG	B	0.23%	0.51%	0.23%
	ALIT	C	0.02%	0.14%	0.02%
	ALL	A	0.21%	0.17%	0.17%
	ALLY	C	0.05%	0.25%	0.05%
	AMG	B	0.01%	0.21%	0.01%
	AMKR	D	0.03%	0.07%	0.03%
	AMRX	C	0.03%	0.02%	0.02%
	ANET	C	0.02%	0.03%	0.02%
	APO	B	0.03%	0.05%	0.03%
	ARW	D	0.03%	0.43%	0.03%
	ASB	B	0.01%	0.13%	0.01%
	ASGN	F	0.01%	0.05%	0.01%
	ASIX	A	0.01%	0.16%	0.01%
	AVT	C	0.02%	0.25%	0.02%
	AZO	C	0.04%	0.26%	0.04%
	BAC	A	0.51%	0.76%	0.51%
	BBWI	D	0.02%	0.18%	0.02%
	BC	C	0.01%	0.18%	0.01%
	BCC	B	0.01%	0.07%	0.01%
	BDX	F	1.15%	0.29%	0.29%
	BEN	C	0.04%	0.05%	0.04%
	BERY	B	0.05%	0.38%	0.05%
	BG	F	0.89%	0.27%	0.27%
	BGS	F	0.01%	0.13%	0.01%
	BHE	B	0.01%	0.02%	0.01%
	BHF	B	0.02%	0.22%	0.02%
	BK	A	0.1%	0.5%	0.1%
	BKU	A	0.01%	0.15%	0.01%
	BLDR	D	0.02%	0.08%	0.02%
	BMY	B	0.93%	0.46%	0.46%
	BOKF	B	0.01%	0.08%	0.01%
	BXC	B	0.01%	0.16%	0.01%
	BZH	B	0.01%	0.09%	0.01%
	C	A	0.41%	0.72%	0.41%
	CADE	B	0.01%	0.16%	0.01%
	CAG	D	0.36%	0.16%	0.16%
	CAH	B	0.31%	0.26%	0.26%
	CATY	B	0.0%	0.09%	0.0%
	CC	C	0.01%	0.02%	0.01%
	CCRN	F	0.01%	0.07%	0.01%
	CCS	D	0.02%	0.18%	0.02%
	CE	F	0.01%	0.3%	0.01%
	CF	B	0.98%	0.18%	0.18%
	CFG	B	0.04%	0.13%	0.04%
	CG	A	0.03%	0.03%	0.03%
	CI	F	1.11%	0.66%	0.66%
	CMA	A	0.02%	0.15%	0.02%
	CMC	B	0.01%	0.19%	0.01%
	CMCSA	B	0.68%	0.68%	0.68%
	CNA	B	0.0%	0.07%	0.0%
	CNC	D	0.37%	0.22%	0.22%
	CNDT	C	0.01%	0.03%	0.01%
	CNO	A	0.01%	0.04%	0.01%
	CNXC	F	0.02%	0.06%	0.02%
	COF	B	0.16%	0.66%	0.16%
	COHR	B	0.01%	0.07%	0.01%
	COLB	A	0.0%	0.34%	0.0%
	COOP	B	0.02%	0.13%	0.02%
	CRBG	B	0.06%	0.02%	0.02%
	CSCO	B	0.16%	0.14%	0.14%
	CVS	D	0.5%	0.74%	0.5%
	DAR	C	0.03%	0.17%	0.03%
	DBX	B	0.01%	0.2%	0.01%
	DE	A	2.08%	0.15%	0.15%
	DGX	A	0.62%	0.03%	0.03%
	DHI	D	0.16%	0.31%	0.16%
	DIS	B	0.2%	0.4%	0.2%
	DOW	F	0.21%	0.18%	0.18%
	DXC	B	0.07%	0.23%	0.07%
	EBAY	D	0.05%	0.05%	0.05%
	ELV	F	0.44%	0.07%	0.07%
	EMBC	C	0.07%	0.07%	0.07%
	EMN	D	0.01%	0.09%	0.01%
	EMR	A	0.03%	0.14%	0.03%
	ENS	D	0.01%	0.12%	0.01%
	EQH	B	0.05%	0.07%	0.05%
	ESI	A	0.01%	0.03%	0.01%
	EWBC	A	0.01%	0.08%	0.01%
	FAF	A	0.05%	0.08%	0.05%
	FCNCA	A	0.01%	0.12%	0.01%
	FDP	B	0.48%	0.11%	0.11%
	FDX	B	0.01%	0.89%	0.01%
	FHN	A	0.01%	0.1%	0.01%
	FI	A	0.06%	0.53%	0.06%
	FIS	C	0.03%	0.22%	0.03%
	FIVE	F	0.0%	0.11%	0.0%
	FL	F	0.01%	0.09%	0.01%
	FMC	D	0.82%	0.05%	0.05%
	FNB	A	0.01%	0.19%	0.01%
	FNF	B	0.07%	0.14%	0.07%
	FOX	A	0.06%	0.33%	0.06%
	FSLR	F	0.15%	0.02%	0.02%
	FULT	A	0.0%	0.1%	0.0%
	GAP	C	0.02%	0.1%	0.02%
	GILD	C	0.7%	0.44%	0.44%
	GL	B	0.02%	0.08%	0.02%
	GNW	A	0.03%	0.12%	0.03%
	GPN	B	0.04%	0.1%	0.04%
	GRBK	D	0.01%	0.05%	0.01%
	GS	A	0.34%	0.44%	0.34%
	GT	C	0.01%	0.34%	0.01%
	GTES	A	0.01%	0.3%	0.01%
	HAIN	C	0.02%	0.18%	0.02%
	HCA	F	0.91%	0.76%	0.76%
	HGV	B	0.01%	0.02%	0.01%
	HIG	B	0.1%	0.07%	0.07%
	HOMB	A	0.0%	0.02%	0.0%
	HOV	D	0.01%	0.03%	0.01%
	HPE	B	0.21%	0.32%	0.21%
	HPQ	B	0.81%	0.42%	0.42%
	HRB	D	0.01%	0.13%	0.01%
	HWC	B	0.01%	0.19%	0.01%
	HZO	D	0.0%	0.04%	0.0%
	IART	C	0.09%	0.11%	0.09%
	IBM	C	0.26%	0.18%	0.18%
	INGR	B	0.49%	0.17%	0.17%
	INTC	D	1.51%	0.66%	0.66%
	IRWD	F	0.01%	0.14%	0.01%
	IVZ	B	0.03%	0.19%	0.03%
	JBL	B	0.12%	0.03%	0.03%
	JEF	A	0.04%	0.17%	0.04%
	JLL	D	0.04%	0.12%	0.04%
	JNJ	D	0.71%	0.18%	0.18%
	JPM	A	0.69%	0.54%	0.54%
	JXN	C	0.02%	0.15%	0.02%
	KBH	D	0.03%	0.21%	0.03%
	KELYA	F	0.02%	0.06%	0.02%
	KEY	B	0.04%	0.19%	0.04%
	KFY	B	0.01%	0.07%	0.01%
	KR	B	0.21%	0.22%	0.21%
	LBRDA	C	0.03%	0.06%	0.03%
	LEN	D	0.14%	0.08%	0.08%
	LEN	D	0.14%	0.19%	0.14%
	LILAK	D	0.02%	0.19%	0.02%
	LKQ	D	0.04%	0.16%	0.04%
	LNC	B	0.05%	0.32%	0.05%
	LXU	B	0.08%	0.06%	0.06%
	MAN	D	0.1%	0.12%	0.1%
	MAT	D	0.01%	0.09%	0.01%
	MCK	B	0.49%	0.35%	0.35%
	MD	B	0.03%	0.17%	0.03%
	MET	A	0.19%	0.52%	0.19%
	MHO	D	0.02%	0.19%	0.02%
	MKL	A	0.05%	0.04%	0.04%
	MLI	C	0.0%	0.22%	0.0%
	MMM	D	0.06%	0.07%	0.06%
	MODG	F	0.01%	0.09%	0.01%
	MOS	F	1.72%	0.23%	0.23%
	MS	A	0.35%	0.32%	0.32%
	MTB	A	0.03%	0.18%	0.03%
	MTCH	D	0.01%	0.11%	0.01%
	MTG	C	0.01%	0.28%	0.01%
	MTH	D	0.02%	0.05%	0.02%
	MU	D	0.14%	0.59%	0.14%
	NMRK	B	0.01%	0.16%	0.01%
	NVST	B	0.01%	0.09%	0.01%
	NWL	B	0.02%	0.13%	0.02%
	NX	C	0.01%	0.09%	0.01%
	NXST	C	0.01%	0.05%	0.01%
	OGN	D	0.11%	0.15%	0.11%
	OMF	A	0.02%	0.07%	0.02%
	OMI	F	0.05%	0.16%	0.05%
	ONB	B	0.01%	0.21%	0.01%
	ORI	A	0.04%	0.13%	0.04%
	OZK	B	0.01%	0.12%	0.01%
	PCRX	C	0.01%	0.19%	0.01%
	PFE	D	1.58%	0.36%	0.36%
	PFG	D	0.05%	0.06%	0.05%
	PFSI	D	0.02%	0.05%	0.02%
	PHM	D	0.07%	0.11%	0.07%
	PII	D	0.01%	0.08%	0.01%
	PINC	B	0.01%	0.02%	0.01%
	PLAB	C	0.0%	0.12%	0.0%
	PLAY	D	0.0%	0.08%	0.0%
	PNC	B	0.1%	0.33%	0.1%
	PNFP	B	0.01%	0.11%	0.01%
	PRLB	A	0.01%	0.05%	0.01%
	PRU	A	0.16%	0.28%	0.16%
	PYPL	B	0.08%	0.24%	0.08%
	QCOM	F	0.15%	0.07%	0.07%
	QRVO	F	0.01%	0.12%	0.01%
	R	B	0.02%	0.41%	0.02%
	RDN	C	0.01%	0.28%	0.01%
	REZI	A	0.03%	0.14%	0.03%
	RF	A	0.03%	0.1%	0.03%
	RGA	A	0.06%	0.04%	0.04%
	RJF	A	0.05%	0.08%	0.05%
	RPRX	D	0.11%	0.41%	0.11%
	RRX	B	0.01%	0.12%	0.01%
	RS	B	0.03%	0.02%	0.02%
	SANM	B	0.03%	0.07%	0.03%
	SATS	D	0.0%	0.09%	0.0%
	SBH	C	0.01%	0.16%	0.01%
	SCHL	D	0.01%	0.09%	0.01%
	SCHW	B	0.07%	0.1%	0.07%
	SCSC	B	0.04%	0.11%	0.04%
	SF	B	0.02%	0.14%	0.02%
	SIRI	C	0.03%	0.2%	0.03%
	SJM	D	0.54%	0.15%	0.15%
	SNEX	B	0.03%	0.07%	0.03%
	SNV	B	0.01%	0.2%	0.01%
	SNX	C	0.06%	0.24%	0.06%
	SPTN	D	0.01%	0.15%	0.01%
	SSB	B	0.01%	0.08%	0.01%
	SSNC	B	0.02%	0.08%	0.02%
	STC	B	0.02%	0.1%	0.02%
	STT	A	0.09%	0.02%	0.02%
	SYF	B	0.07%	0.33%	0.07%
	T	A	0.8%	1.01%	0.8%
	TDOC	C	0.01%	0.13%	0.01%
	TDS	B	0.03%	0.12%	0.03%
	TEX	D	0.01%	0.21%	0.01%
	TFC	A	0.1%	0.73%	0.1%
	TGNA	B	0.01%	0.2%	0.01%
	TGT	F	0.1%	0.27%	0.1%
	THG	A	0.02%	0.04%	0.02%
	TITN	C	0.11%	0.02%	0.02%
	TKR	D	0.0%	0.09%	0.0%
	TMHC	B	0.03%	0.06%	0.03%
	TMUS	B	0.37%	0.3%	0.3%
	TNL	A	0.01%	0.21%	0.01%
	TOL	B	0.04%	0.16%	0.04%
	TPH	D	0.02%	0.21%	0.02%
	TRV	B	0.16%	0.48%	0.16%
	TTMI	B	0.01%	0.25%	0.01%
	TWI	F	0.03%	0.15%	0.03%
	UCB	A	0.0%	0.02%	0.0%
	UFPI	B	0.01%	0.11%	0.01%
	UHAL	D	0.01%	0.22%	0.01%
	UHS	D	0.21%	0.16%	0.16%
	UNFI	A	0.04%	0.12%	0.04%
	UNM	A	0.04%	0.6%	0.04%
	UPBD	B	0.01%	0.07%	0.01%
	URBN	C	0.01%	0.07%	0.01%
	USB	A	0.12%	0.71%	0.12%
	UTHR	C	0.08%	0.15%	0.08%
	UVE	B	0.0%	0.09%	0.0%
	VAC	B	0.01%	0.09%	0.01%
	VLY	B	0.01%	0.09%	0.01%
	VSH	D	0.01%	0.07%	0.01%
	VTRS	A	0.25%	0.25%	0.25%
	VYX	B	0.03%	0.02%	0.02%
	VZ	C	0.89%	0.8%	0.8%
	WAFD	B	0.0%	0.21%	0.0%
	WAL	B	0.01%	0.18%	0.01%
	WBD	C	0.07%	0.05%	0.05%
	WBS	A	0.01%	0.22%	0.01%
	WCC	B	0.01%	0.2%	0.01%
	WFC	A	0.42%	0.59%	0.42%
	WHR	B	0.04%	0.21%	0.04%
	XRAY	F	0.02%	0.06%	0.02%
	XRX	F	0.03%	0.05%	0.03%
	ZEUS	C	0.0%	0.07%	0.0%
	ZION	B	0.01%	0.16%	0.01%

HKND Overweight 698 Positions Relative to VFVA

	Symbol	Grade	Weight
	PG	A	4.05%
	GOOGL	C	3.87%
	MSFT	F	2.37%
	AAPL	C	2.24%
	LLY	F	2.09%
	ABBV	D	2.0%
	MRK	F	1.84%
	CTVA	C	1.48%
	CL	D	1.35%
	AMGN	D	1.1%
	ABT	B	1.08%
	SYK	C	1.07%
	WMT	A	1.06%
	DELL	C	0.99%
	UNH	C	0.96%
	LH	C	0.93%
	GEHC	F	0.93%
	ECL	D	0.87%
	TMO	F	0.86%
	BAX	D	0.84%
	BSX	B	0.74%
	REGN	F	0.61%
	DHR	F	0.59%
	VRTX	F	0.59%
	AMZN	C	0.57%
	IQV	D	0.53%
	ZBH	C	0.45%
	KVUE	A	0.4%
	PEP	F	0.4%
	AWK	D	0.39%
	HD	A	0.37%
	CHD	B	0.36%
	VLTO	D	0.36%
	COR	B	0.35%
	MRNA	F	0.35%
	ISRG	A	0.33%
	DD	D	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%
	WBA	F	0.26%
	FELE	B	0.26%
	K	A	0.26%
	CLX	B	0.22%
	LOW	D	0.22%
	BBY	D	0.22%
	PGR	A	0.21%
	RMD	C	0.2%
	AXP	A	0.2%
	CHTR	C	0.18%
	AMAT	F	0.17%
	ORCL	B	0.17%
	TFX	F	0.17%
	TSLA	B	0.16%
	CTLT	B	0.15%
	AVTR	F	0.15%
	SOLV	C	0.15%
	A	D	0.15%
	ZWS	B	0.15%
	ENOV	C	0.15%
	V	A	0.15%
	ENPH	F	0.14%
	HSIC	B	0.14%
	MMC	B	0.13%
	DVA	B	0.13%
	RUN	F	0.13%
	DXCM	D	0.13%
	AVGO	D	0.12%
	AIZ	A	0.12%
	FTRE	D	0.12%
	LRCX	F	0.11%
	COST	B	0.11%
	MA	C	0.11%
	RVTY	F	0.11%
	FLO	D	0.1%
	BMRN	D	0.1%
	ALNY	D	0.1%
	BLK	C	0.1%
	ICUI	D	0.1%
	CRL	C	0.1%
	KMB	D	0.1%
	SEM	B	0.1%
	CBRE	B	0.1%
	WDC	D	0.1%
	POST	C	0.09%
	MTD	D	0.09%
	BIO	D	0.09%
	NFLX	A	0.09%
	WTRG	B	0.09%
	LUMN	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%
	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%
	ACM	A	0.08%
	INCY	C	0.08%
	NBIX	C	0.08%
	MASI	A	0.08%
	DFS	B	0.07%
	SRPT	D	0.07%
	ADP	B	0.07%
	WAT	B	0.07%
	SYY	B	0.07%
	AMD	F	0.07%
	TECH	D	0.07%
	MMSI	B	0.07%
	EHC	B	0.07%
	EQR	B	0.07%
	WM	A	0.07%
	AMP	A	0.07%
	ACI	C	0.07%
	L	A	0.06%
	KLAC	D	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%
	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%
	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%
	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%
	MAR	B	0.05%
	ADBE	C	0.05%
	SMG	D	0.05%
	SJW	D	0.05%
	VTR	C	0.05%
	KDP	D	0.04%
	CNXN	C	0.04%
	AFG	A	0.04%
	PH	A	0.04%
	FYBR	D	0.04%
	IONS	F	0.04%
	AMT	D	0.04%
	LNN	B	0.04%
	ORLY	B	0.04%
	BPMC	C	0.04%
	EXPE	B	0.04%
	CTAS	B	0.04%
	IPG	D	0.04%
	RSG	A	0.04%
	LPLA	A	0.04%
	CR	A	0.04%
	NTRS	A	0.04%
	ROKU	D	0.04%
	VKTX	F	0.04%
	OPCH	D	0.04%
	HUN	F	0.04%
	ESS	B	0.04%
	TROW	B	0.04%
	EXAS	D	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%
	NTAP	C	0.04%
	NOVT	D	0.04%
	FITB	A	0.04%
	AWR	B	0.04%
	SHW	A	0.04%
	WRB	A	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%
	WU	D	0.03%
	CHE	D	0.03%
	AMED	F	0.03%
	VOYA	B	0.03%
	APLS	D	0.03%
	GFS	C	0.03%
	UNP	C	0.03%
	AZTA	D	0.03%
	PLD	D	0.03%
	ITW	B	0.03%
	HWKN	B	0.03%
	SPG	B	0.03%
	AAP	C	0.03%
	ENSG	D	0.03%
	HBAN	A	0.03%
	MCHP	D	0.03%
	CHWY	B	0.03%
	HALO	F	0.03%
	CYTK	F	0.03%
	NEO	C	0.03%
	INTU	C	0.03%
	LYV	A	0.03%
	CPT	B	0.03%
	RVMD	C	0.03%
	IRDM	D	0.03%
	OFIX	B	0.03%
	MIDD	C	0.03%
	IT	C	0.03%
	SPGI	C	0.03%
	ELS	C	0.03%
	NWS	B	0.03%
	RHI	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%
	AMH	D	0.03%
	ON	D	0.03%
	ZBRA	B	0.03%
	UDR	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%
	ARWR	F	0.02%
	PLXS	B	0.02%
	TTEK	F	0.02%
	HST	C	0.02%
	SMMT	D	0.02%
	IBKR	A	0.02%
	ATEC	C	0.02%
	COMP	B	0.02%
	FOLD	F	0.02%
	ATRC	C	0.02%
	EFX	F	0.02%
	IOVA	F	0.02%
	ALGN	D	0.02%
	UTZ	D	0.02%
	GKOS	B	0.02%
	PTCT	B	0.02%
	AXSM	B	0.02%
	CORT	B	0.02%
	MRVI	F	0.02%
	NATL	B	0.02%
	FCN	D	0.02%
	SMPL	B	0.02%
	ADTN	A	0.02%
	MCY	A	0.02%
	ACAD	D	0.02%
	TSCO	D	0.02%
	MAS	D	0.02%
	AGL	F	0.02%
	OTIS	C	0.02%
	EME	C	0.02%
	TXG	F	0.02%
	AMN	F	0.02%
	DOX	D	0.02%
	BR	A	0.02%
	CRNX	C	0.02%
	TPG	A	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%
	APD	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%
	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%
	WMS	D	0.02%
	SWKS	F	0.02%
	OPEN	D	0.02%
	ENTG	D	0.02%
	MDGL	B	0.02%
	WELL	A	0.02%
	USM	B	0.02%
	ADV	D	0.02%
	MMS	F	0.02%
	BBIO	F	0.02%
	MSI	B	0.02%
	JJSF	B	0.02%
	THS	D	0.02%
	EQIX	A	0.02%
	KMPR	B	0.02%
	CME	A	0.02%
	WTS	B	0.02%
	CSL	C	0.02%
	WSO	A	0.02%
	MCO	B	0.02%
	VCYT	B	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%
	FLS	B	0.01%
	EOLS	D	0.01%
	EXR	D	0.01%
	ELVN	D	0.01%
	COTY	F	0.01%
	APP	B	0.01%
	FRPT	B	0.01%
	TMCI	D	0.01%
	YORW	D	0.01%
	AVO	C	0.01%
	MIRM	B	0.01%
	UFCS	B	0.01%
	REG	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%
	GMS	B	0.01%
	CVCO	A	0.01%
	USPH	B	0.01%
	TYL	B	0.01%
	SAGE	F	0.01%
	MC	C	0.01%
	WGO	C	0.01%
	FOUR	B	0.01%
	GSAT	C	0.01%
	FICO	B	0.01%
	VEEV	C	0.01%
	PB	A	0.01%
	DLB	B	0.01%
	HMN	B	0.01%
	HAS	D	0.01%
	DAWN	F	0.01%
	SNA	A	0.01%
	HURN	B	0.01%
	RLI	B	0.01%
	PLUS	F	0.01%
	WTM	A	0.01%
	VNT	B	0.01%
	WD	D	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%
	KIDS	D	0.01%
	FIX	A	0.01%
	ANSS	B	0.01%
	MDXG	B	0.01%
	APG	B	0.01%
	WPC	D	0.01%
	TRUP	B	0.01%
	PRG	C	0.01%
	TARS	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%
	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%
	FHI	A	0.01%
	TDC	D	0.01%
	VRSN	F	0.01%
	IDT	B	0.01%
	DIOD	D	0.01%
	JKHY	D	0.01%
	SBAC	D	0.01%
	HTH	B	0.01%
	CSX	B	0.01%
	RYAN	B	0.01%
	IOSP	B	0.01%
	KWR	C	0.01%
	XYL	D	0.01%
	IR	B	0.01%
	BEAM	D	0.01%
	NGVT	B	0.01%
	IRT	A	0.01%
	UCTT	D	0.01%
	MSM	C	0.01%
	RXRX	F	0.01%
	CRVL	A	0.01%
	SITE	D	0.01%
	UNF	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%
	FND	C	0.01%
	INVA	D	0.01%
	ANIP	F	0.01%
	ADMA	B	0.01%
	CXT	B	0.01%
	IAC	D	0.01%
	AGIO	C	0.01%
	ALB	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%
	DOC	D	0.01%
	COIN	C	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%
	AOS	F	0.01%
	PSTG	D	0.01%
	CRSR	C	0.01%
	ICFI	F	0.01%
	BGC	C	0.01%
	KIM	A	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%
	ARE	D	0.01%
	KEX	C	0.01%
	RNA	D	0.01%
	COLL	F	0.01%
	CSTL	D	0.01%
	ARDX	F	0.01%
	O	D	0.01%
	FTV	C	0.01%
	GNRC	B	0.01%
	TRMB	B	0.01%
	CDNS	B	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%
	HRMY	D	0.01%
	CIEN	B	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%
	NHC	C	0.01%
	LGND	B	0.01%
	GEN	B	0.01%
	ARVN	D	0.01%
	DNLI	D	0.01%
	H	B	0.01%
	KO	D	0.01%
	ASH	D	0.01%
	JANX	C	0.01%
	CLH	B	0.01%
	AIT	A	0.01%
	TRU	D	0.01%
	PRVA	B	0.01%
	ABNB	C	0.01%
	LGIH	D	0.01%
	DOV	A	0.01%
	VIR	D	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%
	URI	B	0.01%
	JNPR	F	0.01%
	VRT	B	0.01%
	NSIT	F	0.01%
	UFPT	B	0.01%
	PSA	D	0.01%
	VCEL	B	0.01%
	ULTA	F	0.01%
	CLDX	F	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%
	SEE	C	0.01%
	GDDY	A	0.01%
	SIGI	C	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%
	BXP	D	0.01%
	NVAX	F	0.01%
	NTRA	B	0.01%
	AMRK	F	0.01%
	RGEN	D	0.01%
	ROP	B	0.01%
	EPAM	C	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%
	COGT	D	0.0%
	NUVB	C	0.0%
	MLYS	F	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%
	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%
	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%
	VRDN	D	0.0%
	CHH	A	0.0%
	GBCI	B	0.0%
	HSII	B	0.0%
	SIGA	F	0.0%
	REYN	D	0.0%
	PLRX	F	0.0%
	IRTC	D	0.0%
	IBP	D	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%
	SONO	C	0.0%
	KURA	F	0.0%
	LQDA	D	0.0%
	CBZ	B	0.0%
	CTS	C	0.0%
	RCUS	F	0.0%
	ITT	A	0.0%
	SFNC	B	0.0%
	DCI	B	0.0%
	CARR	D	0.0%
	PNTG	D	0.0%
	BBSI	B	0.0%
	FRT	B	0.0%
	TVTX	B	0.0%
	DORM	B	0.0%
	AZZ	B	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%
	NSC	B	0.0%
	VCTR	B	0.0%
	PJT	A	0.0%
	IEX	B	0.0%

HKND Underweight 352 Positions Relative to VFVA

	Symbol	Grade	Weight
	MO	A	-1.0%
	GM	B	-0.87%
	XOM	B	-0.86%
	EOG	A	-0.75%
	PSX	C	-0.71%
	CVX	A	-0.7%
	SLB	C	-0.69%
	F	C	-0.68%
	VLO	C	-0.66%
	COP	C	-0.65%
	MPC	D	-0.56%
	OXY	D	-0.5%
	CB	C	-0.48%
	ESNT	D	-0.45%
	FCX	D	-0.43%
	MDT	D	-0.42%
	PCAR	B	-0.42%
	AL	B	-0.41%
	NEM	D	-0.4%
	NUE	C	-0.38%
	WMB	A	-0.35%
	CIVI	D	-0.33%
	LYB	F	-0.3%
	FANG	D	-0.3%
	MUR	D	-0.29%
	UAL	A	-0.29%
	MHK	D	-0.28%
	PRDO	B	-0.28%
	OI	C	-0.27%
	STBA	B	-0.26%
	ATKR	C	-0.26%
	AXS	A	-0.26%
	GD	F	-0.26%
	OVV	B	-0.26%
	BWA	D	-0.25%
	PRGO	B	-0.24%
	INSW	F	-0.24%
	CCL	B	-0.23%
	ALK	C	-0.23%
	HRI	B	-0.22%
	APA	D	-0.22%
	SM	B	-0.22%
	LEG	F	-0.22%
	M	D	-0.22%
	ASO	F	-0.21%
	SON	D	-0.21%
	PTEN	C	-0.21%
	CLF	F	-0.21%
	MATX	C	-0.21%
	PVH	C	-0.21%
	AMR	C	-0.2%
	ZI	D	-0.2%
	ACGL	D	-0.2%
	TROX	D	-0.2%
	GPOR	B	-0.2%
	RNR	C	-0.2%
	DAL	C	-0.2%
	FFBC	A	-0.2%
	ADNT	F	-0.19%
	KOS	F	-0.19%
	PUMP	B	-0.19%
	KNX	B	-0.19%
	NOV	C	-0.19%
	HCC	B	-0.19%
	BMBL	C	-0.19%
	CTRA	B	-0.19%
	STNG	F	-0.19%
	HOG	D	-0.18%
	PBF	D	-0.18%
	MTDR	B	-0.18%
	CHRD	D	-0.18%
	TNK	F	-0.18%
	MDU	D	-0.18%
	ODP	F	-0.18%
	HELE	C	-0.18%
	BYD	C	-0.18%
	CCSI	C	-0.18%
	PR	B	-0.17%
	BTU	B	-0.17%
	LEA	D	-0.17%
	BFH	B	-0.17%
	ATSG	B	-0.17%
	EFSC	B	-0.17%
	DAN	D	-0.17%
	JAZZ	B	-0.17%
	GIII	D	-0.17%
	EG	C	-0.17%
	DTM	B	-0.17%
	GTN	F	-0.17%
	IMKTA	C	-0.17%
	RNG	B	-0.17%
	ZD	C	-0.17%
	EQT	B	-0.17%
	TAP	C	-0.16%
	SLVM	B	-0.16%
	DINO	D	-0.16%
	PARR	D	-0.16%
	AXL	C	-0.16%
	WKC	D	-0.16%
	GNK	D	-0.16%
	SEB	F	-0.16%
	COMM	D	-0.16%
	OCFC	B	-0.16%
	KOP	C	-0.16%
	ALSN	B	-0.16%
	GBX	A	-0.16%
	CNH	C	-0.16%
	CRGY	B	-0.16%
	CRC	B	-0.15%
	DIN	C	-0.15%
	GLNG	C	-0.15%
	MBUU	C	-0.15%
	SNDR	B	-0.15%
	WWW	B	-0.15%
	NUS	D	-0.15%
	ABG	B	-0.15%
	ST	F	-0.15%
	MCB	B	-0.15%
	CEIX	A	-0.14%
	ELAN	D	-0.14%
	NWSA	B	-0.14%
	TPC	C	-0.14%
	RTX	C	-0.14%
	OLN	D	-0.14%
	ECVT	C	-0.14%
	SNCY	C	-0.14%
	RMAX	C	-0.14%
	LZB	B	-0.14%
	PLTK	B	-0.14%
	ASC	F	-0.14%
	BRY	F	-0.14%
	DLX	B	-0.14%
	APTV	D	-0.14%
	LPG	F	-0.13%
	NAVI	C	-0.13%
	BELFB	C	-0.13%
	JELD	F	-0.13%
	VBTX	B	-0.13%
	AR	B	-0.13%
	PM	B	-0.13%
	GOGL	F	-0.13%
	STLD	B	-0.13%
	GDOT	D	-0.12%
	NAT	F	-0.12%
	HLX	B	-0.12%
	ANDE	D	-0.12%
	DCOM	A	-0.12%
	FCF	A	-0.12%
	RPAY	D	-0.12%
	CMRE	C	-0.12%
	DOLE	D	-0.12%
	RYI	C	-0.12%
	DHT	F	-0.12%
	BANC	A	-0.12%
	APPS	F	-0.12%
	SXC	A	-0.12%
	HII	D	-0.11%
	STNE	F	-0.11%
	BUSE	B	-0.11%
	SKYW	B	-0.11%
	CLW	F	-0.11%
	EYE	C	-0.11%
	SASR	B	-0.11%
	KMI	A	-0.11%
	PEBO	A	-0.11%
	PPBI	B	-0.11%
	MATV	D	-0.11%
	MTUS	C	-0.11%
	OMCL	C	-0.11%
	ATGE	B	-0.11%
	JRVR	F	-0.11%
	HOPE	B	-0.1%
	BV	B	-0.1%
	TK	D	-0.1%
	CSTM	F	-0.1%
	SAIC	F	-0.1%
	LULU	C	-0.1%
	SD	D	-0.1%
	RRC	B	-0.1%
	KHC	F	-0.1%
	RNST	B	-0.1%
	PHIN	A	-0.1%
	CUBI	C	-0.1%
	EGBN	B	-0.1%
	DLTR	F	-0.1%
	EGY	D	-0.1%
	CHGG	D	-0.1%
	SMP	B	-0.09%
	GPRE	F	-0.09%
	TXT	D	-0.09%
	BANR	B	-0.09%
	GCO	B	-0.09%
	PATK	D	-0.09%
	FOXF	F	-0.09%
	AUB	B	-0.09%
	DNB	B	-0.09%
	VTOL	B	-0.09%
	DNOW	B	-0.09%
	HBI	B	-0.09%
	HVT	D	-0.09%
	NTB	B	-0.09%
	WSBC	A	-0.08%
	HEES	B	-0.08%
	BHLB	B	-0.08%
	SFL	D	-0.08%
	RYAM	C	-0.08%
	BOOM	F	-0.08%
	CWK	B	-0.08%
	NTCT	C	-0.08%
	ACCO	C	-0.08%
	ARCB	C	-0.08%
	EAT	A	-0.08%
	SRCE	B	-0.08%
	NBTB	B	-0.08%
	DVN	F	-0.08%
	SB	F	-0.08%
	PBI	B	-0.07%
	WYNN	D	-0.07%
	OEC	C	-0.07%
	HAL	C	-0.07%
	PAGS	F	-0.07%
	INDB	B	-0.07%
	OC	A	-0.07%
	MTW	C	-0.07%
	HLF	C	-0.07%
	CXW	B	-0.07%
	TRST	A	-0.07%
	TRMK	B	-0.07%
	DXPE	B	-0.07%
	TSN	B	-0.07%
	AX	A	-0.07%
	HAFC	A	-0.07%
	FIBK	A	-0.07%
	NIC	B	-0.07%
	VREX	C	-0.07%
	NOG	A	-0.07%
	HI	C	-0.07%
	EBC	B	-0.07%
	REVG	B	-0.07%
	NMIH	D	-0.07%
	MLKN	D	-0.07%
	BBW	B	-0.07%
	JHG	A	-0.07%
	ALGT	B	-0.06%
	GPI	A	-0.06%
	PFS	B	-0.06%
	GOOG	C	-0.06%
	PENN	C	-0.06%
	CROX	D	-0.06%
	FWRD	D	-0.06%
	UIS	B	-0.06%
	AMWD	C	-0.06%
	NNI	D	-0.06%
	DENN	D	-0.06%
	CAL	D	-0.06%
	GPK	C	-0.06%
	OIS	C	-0.06%
	TCBK	B	-0.06%
	BUR	C	-0.06%
	SSP	F	-0.06%
	REPX	A	-0.06%
	VSCO	B	-0.06%
	BPOP	B	-0.06%
	RUSHA	C	-0.06%
	ENVA	B	-0.05%
	BW	D	-0.05%
	GATX	A	-0.05%
	HFWA	B	-0.05%
	REX	D	-0.05%
	OFG	B	-0.05%
	LILA	D	-0.05%
	GEF	A	-0.05%
	FRME	B	-0.05%
	RGP	F	-0.05%
	CNOB	B	-0.05%
	NWBI	B	-0.05%
	TTEC	F	-0.05%
	GHC	C	-0.05%
	LBRT	D	-0.05%
	MATW	C	-0.05%
	TOWN	B	-0.05%
	TWLO	A	-0.05%
	MRC	B	-0.04%
	GLDD	B	-0.04%
	TPR	B	-0.04%
	VRNT	C	-0.04%
	WTTR	B	-0.04%
	HNRG	B	-0.04%
	WNC	C	-0.04%
	AMPY	C	-0.04%
	XPOF	C	-0.04%
	HUBG	A	-0.04%
	NCLH	B	-0.04%
	ETWO	F	-0.04%
	FFWM	C	-0.04%
	PPC	C	-0.04%
	DESP	B	-0.04%
	MOV	C	-0.04%
	BLMN	F	-0.04%
	UA	C	-0.04%
	RDUS	C	-0.04%
	TALO	C	-0.04%
	BY	B	-0.04%
	CFFN	B	-0.04%
	KALU	C	-0.04%
	GEO	B	-0.04%
	IGT	F	-0.03%
	NBHC	B	-0.03%
	SCVL	F	-0.03%
	HY	D	-0.03%
	MBIN	D	-0.03%
	CMCO	B	-0.03%
	LC	A	-0.03%
	SWI	B	-0.03%
	JILL	C	-0.03%
	FF	D	-0.03%
	QCRH	A	-0.03%
	HRTG	C	-0.03%
	AMBC	C	-0.03%
	AMAL	B	-0.03%
	INMD	C	-0.03%
	WERN	C	-0.03%
	SHLS	F	-0.03%
	USAP	B	-0.03%
	OLPX	D	-0.03%
	PTVE	B	-0.03%
	ZIMV	D	-0.03%
	WMK	C	-0.03%
	FOR	F	-0.03%
	DRVN	B	-0.03%
	SLM	A	-0.03%
	IIIN	C	-0.03%
	TBRG	B	-0.02%
	NR	B	-0.02%
	CMPR	D	-0.02%
	NFBK	B	-0.02%
	KODK	B	-0.02%
	HDSN	F	-0.02%
	ALKS	B	-0.02%
	BAND	B	-0.02%
	TTI	C	-0.02%
	EIG	B	-0.02%
	DG	F	-0.02%
	IP	B	-0.02%
	GO	C	-0.02%
	PFBC	B	-0.02%
	BRKL	B	-0.02%
	EPC	D	-0.02%
	WRLD	C	-0.02%
	MEI	D	-0.02%
	PRA	C	-0.02%
	OBK	B	-0.02%

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

VFVA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Insurance - Property & Casualty Shipping & Ports Asset Management Credit Services Residential Construction Oil & Gas Equipment & Services Auto Parts Software - Application Specialty Retail Chemicals Insurance - Life Apparel Stores Business Services Information Technology Services Specialty Chemicals Steel Diversified Industrials Drug Manufacturers - Specialty & Generic

Keywords: S&P 500 Bank Banking Insurance Deposit Products Natural Gas Commercial Banking Real Estate Loans Chemical Commercial Bank Insurance Products Mining Transport Investment Management Loan Petroleum Industry Life Insurance Computing Nasdaq 100 Retail Store