QWLD vs. HKND ETF Comparison

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

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

$120.82

Average Daily Volume

5,224

Number of Holdings ^*

611

* may have additional holdings in another (foreign) market

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

$31.37

Average Daily Volume

614

Number of Holdings ^*

962

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	HKND
30 Days	1.03%	0.42%
60 Days	4.47%	3.51%
90 Days	1.77%	0.00%
12 Months	20.42%	14.72%

384 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in HKND	Overlap
A	C	0.07%	0.13%	0.07%
AAPL	B	2.54%	2.43%	2.43%
ABBV	B	0.37%	1.97%	0.37%
ABBV	B	0.17%	1.97%	0.17%
ABNB	C	0.01%	0.01%	0.01%
ABT	C	0.09%	1.1%	0.09%
ACI	F	0.02%	0.07%	0.02%
ACM	C	0.01%	0.08%	0.01%
ADBE	C	0.45%	0.06%	0.06%
ADI	B	0.04%	0.04%	0.04%
ADM	F	0.05%	1.58%	0.05%
ADP	B	0.22%	0.07%	0.07%
ADSK	B	0.08%	0.01%	0.01%
AFG	D	0.02%	0.03%	0.02%
AFL	A	0.1%	0.08%	0.08%
AGCO	F	0.01%	0.59%	0.01%
AIG	C	0.07%	0.22%	0.07%
AIZ	D	0.06%	0.11%	0.06%
AJG	B	0.17%	0.04%	0.04%
AKAM	F	0.12%	0.01%	0.01%
ALB	F	0.01%	0.01%	0.01%
ALGN	F	0.01%	0.02%	0.01%
ALL	C	0.06%	0.2%	0.06%
ALLY	B	0.02%	0.05%	0.02%
AMAT	B	0.44%	0.18%	0.18%
AMD	B	0.04%	0.07%	0.04%
AME	D	0.01%	0.01%	0.01%
AMGN	B	0.18%	1.06%	0.18%
AMH	B	0.0%	0.03%	0.0%
AMP	A	0.08%	0.07%	0.07%
AMT	C	0.02%	0.04%	0.02%
AMZN	B	0.34%	0.6%	0.34%
ANET	B	0.18%	0.02%	0.02%
ANSS	D	0.01%	0.01%	0.01%
AOS	D	0.02%	0.01%	0.01%
APD	C	0.03%	0.02%	0.02%
APH	B	0.44%	0.05%	0.05%
APO	A	0.01%	0.03%	0.01%
APP	B	0.0%	0.0%	0.0%
ARE	C	0.01%	0.01%	0.01%
ARES	C	0.0%	0.01%	0.0%
AVB	A	0.01%	0.06%	0.01%
AVGO	C	0.13%	0.14%	0.13%
AVTR	D	0.01%	0.13%	0.01%
AWK	C	0.01%	0.37%	0.01%
AXP	C	0.05%	0.19%	0.05%
AZO	B	0.28%	0.04%	0.04%
BAC	B	0.35%	0.52%	0.35%
BAX	D	0.01%	0.8%	0.01%
BBWI	D	0.01%	0.01%	0.01%
BBY	B	0.06%	0.3%	0.06%
BDX	D	0.08%	1.17%	0.08%
BEN	D	0.01%	0.04%	0.01%
BG	B	0.03%	0.95%	0.03%
BIIB	C	0.02%	0.3%	0.02%
BIO	D	0.0%	0.08%	0.0%
BK	B	0.04%	0.1%	0.04%
BKNG	A	0.02%	0.06%	0.02%
BLDR	F	0.04%	0.02%	0.02%
BLK	B	0.2%	0.1%	0.1%
BMRN	C	0.1%	0.1%	0.1%
BMY	D	0.16%	0.87%	0.16%
BR	B	0.04%	0.02%	0.02%
BRO	B	0.12%	0.02%	0.02%
BSX	A	0.02%	0.73%	0.02%
BSY	D	0.01%	0.0%	0.0%
BURL	A	0.01%	0.01%	0.01%
BXP	B	0.01%	0.01%	0.01%
C	C	0.23%	0.38%	0.23%
CAG	C	0.04%	0.33%	0.04%
CAH	B	0.12%	0.32%	0.12%
CARR	B	0.02%	0.0%	0.0%
CBRE	C	0.02%	0.1%	0.02%
CCI	D	0.01%	0.02%	0.01%
CDNS	B	0.16%	0.01%	0.01%
CDW	D	0.1%	0.08%	0.08%
CE	D	0.01%	0.01%	0.01%
CF	D	0.12%	0.92%	0.12%
CFG	C	0.03%	0.03%	0.03%
CG	D	0.01%	0.03%	0.01%
CHD	C	0.2%	0.36%	0.2%
CHTR	C	0.04%	0.2%	0.04%
CI	C	0.19%	1.09%	0.19%
CINF	C	0.01%	0.04%	0.01%
CL	A	0.21%	1.4%	0.21%
CLX	D	0.01%	0.22%	0.01%
CMCSA	D	0.15%	0.66%	0.15%
CME	D	0.15%	0.02%	0.02%
CMI	C	0.08%	0.05%	0.05%
CNC	D	0.06%	0.31%	0.06%
COF	D	0.08%	0.15%	0.08%
COIN	C	0.01%	0.01%	0.01%
COST	B	0.76%	0.11%	0.11%
CPB	D	0.09%	0.08%	0.08%
CPT	A	0.0%	0.03%	0.0%
CRBG	B	0.01%	0.06%	0.01%
CRL	F	0.0%	0.09%	0.0%
CRM	D	0.04%	0.07%	0.04%
CSCO	C	0.85%	0.16%	0.16%
CSGP	F	0.0%	0.01%	0.0%
CSL	B	0.03%	0.03%	0.03%
CSX	D	0.11%	0.01%	0.01%
CTAS	A	0.12%	0.04%	0.04%
CTLT	B	0.01%	0.15%	0.01%
CTSH	C	0.18%	0.08%	0.08%
CTVA	C	0.04%	1.28%	0.04%
CVS	D	0.19%	0.5%	0.19%
DAY	F	0.0%	0.0%	0.0%
DD	B	0.02%	0.31%	0.02%
DE	D	0.06%	1.81%	0.06%
DELL	B	0.01%	0.93%	0.01%
DFS	B	0.03%	0.07%	0.03%
DGX	B	0.1%	0.6%	0.1%
DHI	D	0.09%	0.15%	0.09%
DHR	C	0.06%	0.57%	0.06%
DIS	C	0.09%	0.2%	0.09%
DKS	B	0.03%	0.03%	0.03%
DLR	B	0.02%	0.02%	0.02%
DOC	B	0.01%	0.01%	0.01%
DOV	B	0.04%	0.01%	0.01%
DOW	D	0.05%	0.19%	0.05%
DVA	B	0.01%	0.13%	0.01%
DXCM	D	0.0%	0.12%	0.0%
EA	B	0.17%	0.02%	0.02%
EBAY	B	0.01%	0.05%	0.01%
ECL	A	0.01%	0.93%	0.01%
EFX	C	0.01%	0.02%	0.01%
EL	F	0.01%	0.03%	0.01%
ELS	C	0.0%	0.03%	0.0%
ELV	B	0.28%	0.43%	0.28%
EME	B	0.04%	0.02%	0.02%
EMN	C	0.01%	0.01%	0.01%
EMR	D	0.03%	0.03%	0.03%
ENPH	D	0.03%	0.13%	0.03%
ENTG	B	0.0%	0.02%	0.0%
EPAM	D	0.02%	0.01%	0.01%
EQH	A	0.01%	0.05%	0.01%
EQIX	D	0.01%	0.02%	0.01%
EQR	A	0.01%	0.07%	0.01%
ERIE	C	0.11%	0.01%	0.01%
ESS	B	0.01%	0.04%	0.01%
EW	B	0.09%	0.31%	0.09%
EXAS	F	0.0%	0.03%	0.0%
EXPE	B	0.01%	0.04%	0.01%
EXR	B	0.01%	0.01%	0.01%
FAST	D	0.08%	0.03%	0.03%
FCNCA	D	0.08%	0.01%	0.01%
FDS	D	0.02%	0.01%	0.01%
FDX	C	0.06%	0.01%	0.01%
FFIV	D	0.12%	0.01%	0.01%
FICO	A	0.03%	0.01%	0.01%
FIS	B	0.02%	0.03%	0.02%
FITB	C	0.03%	0.04%	0.03%
FNF	D	0.01%	0.07%	0.01%
FOX	A	0.0%	0.06%	0.0%
FSLR	C	0.01%	0.21%	0.01%
FTNT	F	0.0%	0.01%	0.0%
FTV	D	0.01%	0.01%	0.01%
GDDY	A	0.19%	0.01%	0.01%
GEHC	C	0.02%	0.92%	0.02%
GGG	D	0.02%	0.0%	0.0%
GILD	C	0.18%	0.73%	0.18%
GIS	C	0.35%	0.27%	0.27%
GLW	A	0.02%	0.1%	0.02%
GOOGL	A	1.12%	4.09%	1.12%
GPC	D	0.06%	0.04%	0.04%
GPN	F	0.02%	0.03%	0.02%
GS	B	0.14%	0.33%	0.14%
GWW	D	0.09%	0.05%	0.05%
H	B	0.0%	0.01%	0.0%
HBAN	C	0.02%	0.02%	0.02%
HCA	A	0.04%	0.99%	0.04%
HD	C	0.13%	0.38%	0.13%
HIG	A	0.03%	0.1%	0.03%
HLT	A	0.01%	0.02%	0.01%
HOLX	D	0.01%	0.27%	0.01%
HPE	B	0.04%	0.24%	0.04%
HPQ	B	0.04%	0.93%	0.04%
HSIC	D	0.01%	0.12%	0.01%
HST	D	0.01%	0.02%	0.01%
HSY	D	0.17%	0.05%	0.05%
HUBB	D	0.04%	0.01%	0.01%
HUM	C	0.2%	0.29%	0.2%
IBM	B	0.4%	0.25%	0.25%
ICE	A	0.03%	0.03%	0.03%
IDXX	D	0.09%	0.02%	0.02%
IEX	D	0.02%	0.0%	0.0%
IFF	B	0.01%	0.06%	0.01%
ILMN	D	0.0%	0.1%	0.0%
INCY	B	0.12%	0.1%	0.1%
INTC	F	0.13%	1.5%	0.13%
INTU	C	0.24%	0.03%	0.03%
INVH	A	0.01%	0.05%	0.01%
IPG	F	0.02%	0.03%	0.02%
IQV	D	0.01%	0.48%	0.01%
IR	C	0.01%	0.01%	0.01%
IRM	A	0.01%	0.01%	0.01%
ISRG	A	0.22%	0.35%	0.22%
IT	B	0.03%	0.03%	0.03%
ITW	D	0.13%	0.03%	0.03%
J	D	0.01%	0.31%	0.01%
JBL	F	0.02%	0.12%	0.02%
JKHY	C	0.06%	0.01%	0.01%
JNJ	F	1.08%	2.03%	1.08%
JNPR	B	0.12%	0.01%	0.01%
JPM	B	0.51%	0.67%	0.51%
K	D	0.17%	0.25%	0.17%
KDP	A	0.16%	0.04%	0.04%
KEY	C	0.02%	0.03%	0.02%
KEYS	D	0.16%	0.01%	0.01%
KIM	B	0.01%	0.01%	0.01%
KLAC	B	0.21%	0.06%	0.06%
KMB	B	0.12%	0.11%	0.11%
KO	A	0.59%	0.01%	0.01%
KR	D	0.29%	0.2%	0.2%
KVUE	D	0.07%	0.36%	0.07%
L	C	0.16%	0.05%	0.05%
LEN	D	0.08%	0.13%	0.08%
LKQ	F	0.01%	0.03%	0.01%
LLY	A	1.42%	2.41%	1.42%
LOW	D	0.07%	0.23%	0.07%
LPLA	B	0.04%	0.04%	0.04%
LRCX	B	0.29%	0.12%	0.12%
LYV	D	0.0%	0.03%	0.0%
MA	C	0.64%	0.11%	0.11%
MAA	B	0.01%	0.05%	0.01%
MAR	B	0.01%	0.05%	0.01%
MAS	D	0.01%	0.02%	0.01%
MCHP	D	0.09%	0.03%	0.03%
MCK	A	0.59%	0.52%	0.52%
MCO	A	0.12%	0.03%	0.03%
MDLZ	D	0.15%	0.29%	0.15%
MET	C	0.04%	0.18%	0.04%
MKC	D	0.01%	0.04%	0.01%
MKL	C	0.11%	0.05%	0.05%
MMC	B	0.51%	0.13%	0.13%
MMM	B	0.11%	0.06%	0.06%
MOH	F	0.06%	0.07%	0.06%
MOS	D	0.02%	1.61%	0.02%
MPWR	B	0.06%	0.01%	0.01%
MRK	A	0.59%	1.79%	0.59%
MRNA	C	0.03%	0.34%	0.03%
MRVL	C	0.01%	0.01%	0.01%
MS	B	0.09%	0.34%	0.09%
MSCI	C	0.0%	0.01%	0.0%
MSFT	A	2.56%	2.58%	2.56%
MSI	A	0.53%	0.02%	0.02%
MTB	C	0.03%	0.03%	0.03%
MTCH	F	0.0%	0.01%	0.0%
MU	C	0.06%	0.15%	0.06%
NBIX	C	0.13%	0.08%	0.08%
NDAQ	C	0.01%	0.02%	0.01%
NDSN	D	0.02%	0.0%	0.0%
NFLX	B	0.47%	0.09%	0.09%
NOW	B	0.01%	0.02%	0.01%
NSC	D	0.02%	0.0%	0.0%
NTAP	B	0.05%	0.04%	0.04%
NTRS	D	0.01%	0.04%	0.01%
NVDA	C	2.5%	0.12%	0.12%
NVR	C	0.04%	0.04%	0.04%
O	D	0.02%	0.01%	0.01%
OMC	D	0.04%	0.05%	0.04%
ON	D	0.02%	0.03%	0.02%
ORCL	B	0.21%	0.19%	0.19%
ORLY	B	0.22%	0.04%	0.04%
OTIS	C	0.01%	0.02%	0.01%
PANW	B	0.16%	0.01%	0.01%
PAYC	F	0.01%	0.01%	0.01%
PAYX	B	0.09%	0.02%	0.02%
PCTY	F	0.01%	0.0%	0.0%
PEP	C	0.84%	0.37%	0.37%
PFE	C	0.2%	1.53%	0.2%
PFG	C	0.02%	0.05%	0.02%
PG	A	0.98%	4.03%	0.98%
PGR	C	0.3%	0.21%	0.21%
PH	D	0.02%	0.03%	0.02%
PHM	D	0.06%	0.06%	0.06%
PLD	C	0.04%	0.03%	0.03%
PNC	D	0.07%	0.09%	0.07%
PODD	B	0.0%	0.07%	0.0%
POOL	F	0.03%	0.0%	0.0%
PPG	D	0.02%	0.03%	0.02%
PRU	A	0.04%	0.16%	0.04%
PSA	B	0.08%	0.01%	0.01%
PSTG	C	0.0%	0.01%	0.0%
PTC	C	0.07%	0.0%	0.0%
PWR	B	0.01%	0.02%	0.01%
PYPL	D	0.03%	0.08%	0.03%
QCOM	C	0.48%	0.17%	0.17%
QRVO	B	0.01%	0.01%	0.01%
REG	B	0.01%	0.01%	0.01%
REGN	A	0.44%	0.68%	0.44%
RF	C	0.03%	0.03%	0.03%
RGEN	F	0.0%	0.01%	0.0%
RJF	C	0.01%	0.05%	0.01%
RMD	D	0.05%	0.18%	0.05%
ROK	D	0.06%	0.02%	0.02%
ROKU	F	0.0%	0.03%	0.0%
ROP	A	0.51%	0.02%	0.02%
ROST	A	0.02%	0.03%	0.02%
RPRX	D	0.01%	0.1%	0.01%
RS	D	0.01%	0.03%	0.01%
RSG	A	0.44%	0.04%	0.04%
SBAC	F	0.01%	0.01%	0.01%
SCHW	C	0.04%	0.07%	0.04%
SEIC	C	0.01%	0.01%	0.01%
SHW	D	0.11%	0.04%	0.04%
SJM	F	0.08%	0.48%	0.08%
SMCI	C	0.07%	0.03%	0.03%
SNA	D	0.03%	0.01%	0.01%
SNPS	B	0.15%	0.02%	0.02%
SOLV	F	0.02%	0.13%	0.02%
SPG	B	0.02%	0.03%	0.02%
SPGI	B	0.03%	0.03%	0.03%
SQ	D	0.01%	0.05%	0.01%
SSNC	B	0.01%	0.02%	0.01%
STT	C	0.03%	0.08%	0.03%
SUI	C	0.01%	0.05%	0.01%
SWK	D	0.01%	0.04%	0.01%
SWKS	B	0.03%	0.03%	0.03%
SYF	B	0.03%	0.07%	0.03%
SYK	B	0.03%	1.12%	0.03%
SYY	C	0.03%	0.07%	0.03%
T	A	0.32%	0.84%	0.32%
TECH	C	0.0%	0.06%	0.0%
TER	B	0.04%	0.02%	0.02%
TFC	C	0.07%	0.09%	0.07%
TFX	D	0.0%	0.16%	0.0%
TGT	C	0.14%	0.11%	0.11%
TJX	A	0.33%	0.07%	0.07%
TMO	D	0.07%	0.83%	0.07%
TMUS	B	0.59%	0.4%	0.4%
TOST	C	0.0%	0.01%	0.0%
TRMB	D	0.01%	0.01%	0.01%
TROW	B	0.05%	0.04%	0.04%
TRU	C	0.0%	0.01%	0.0%
TRV	D	0.25%	0.15%	0.15%
TSCO	C	0.06%	0.02%	0.02%
TSLA	C	0.1%	0.16%	0.1%
TTC	C	0.02%	0.05%	0.02%
TTD	A	0.0%	0.0%	0.0%
TTWO	B	0.01%	0.01%	0.01%
TW	D	0.0%	0.0%	0.0%
TXN	B	0.49%	0.1%	0.1%
TYL	B	0.0%	0.01%	0.0%
UDR	B	0.0%	0.03%	0.0%
UHAL	D	0.0%	0.01%	0.0%
UHS	B	0.01%	0.23%	0.01%
ULTA	D	0.07%	0.01%	0.01%
UNH	D	1.14%	0.89%	0.89%
UNP	D	0.26%	0.02%	0.02%
UPS	F	0.07%	0.03%	0.03%
URI	C	0.02%	0.01%	0.01%
USB	C	0.08%	0.11%	0.08%
UTHR	A	0.13%	0.09%	0.09%
V	C	1.11%	0.15%	0.15%
VEEV	D	0.04%	0.01%	0.01%
VLTO	B	0.05%	0.35%	0.05%
VRSK	A	0.01%	0.01%	0.01%
VRSN	C	0.14%	0.01%	0.01%
VRT	C	0.0%	0.01%	0.0%
VRTX	B	0.45%	0.65%	0.45%
VTR	A	0.01%	0.05%	0.01%
VTRS	D	0.02%	0.23%	0.02%
VZ	B	0.58%	0.87%	0.58%
WAT	D	0.03%	0.05%	0.03%
WBA	F	0.07%	0.23%	0.07%
WBD	F	0.05%	0.06%	0.05%
WDAY	D	0.04%	0.01%	0.01%
WDC	B	0.01%	0.1%	0.01%
WELL	B	0.02%	0.02%	0.02%
WFC	D	0.23%	0.39%	0.23%
WLK	D	0.0%	0.05%	0.0%
WM	B	0.52%	0.05%	0.05%
WMT	B	0.64%	1.07%	0.64%
WPC	D	0.01%	0.01%	0.01%
WRB	B	0.13%	0.04%	0.04%
WSO	B	0.03%	0.02%	0.02%
WST	F	0.04%	0.06%	0.04%
WTRG	C	0.01%	0.08%	0.01%
XRX	F	0.0%	0.03%	0.0%
XYL	C	0.01%	0.01%	0.01%
ZBH	D	0.01%	0.42%	0.01%
ZBRA	C	0.0%	0.03%	0.0%

QWLD Overweight 227 Positions Relative to HKND

Symbol	Grade	Weight
META	B	1.97%
GOOG	A	0.99%
NVS	A	0.84%
BRK.A	B	0.66%
ACN	C	0.55%
XOM	C	0.45%
SO	B	0.42%
CB	B	0.38%
LMT	A	0.37%
MCD	D	0.37%
ED	D	0.34%
DUK	C	0.33%
CAT	C	0.32%
CVX	C	0.32%
GE	D	0.3%
NOC	F	0.29%
WCN	A	0.27%
UL	A	0.27%
ACGL	A	0.26%
HON	A	0.25%
NKE	C	0.22%
CBOE	D	0.21%
KHC	D	0.21%
MFG	C	0.2%
MPC	C	0.2%
GD	B	0.19%
TM	D	0.17%
WEC	D	0.17%
YUM	D	0.16%
BAH	B	0.16%
GM	B	0.16%
CHKP	B	0.16%
WMB	A	0.15%
PSX	C	0.15%
CMG	B	0.15%
ZTS	C	0.15%
AON	C	0.14%
E	D	0.13%
DEO	F	0.13%
STLA	F	0.13%
TSN	C	0.13%
TT	B	0.13%
TD	F	0.12%
MUFG	C	0.12%
PCAR	D	0.11%
CNI	D	0.11%
FANG	C	0.1%
SMFG	B	0.1%
HRL	F	0.1%
COP	D	0.1%
F	C	0.1%
LYG	B	0.09%
TEL	B	0.09%
BCS	C	0.09%
DPZ	B	0.08%
AMCR	B	0.08%
CPRT	C	0.08%
LOGI	B	0.08%
RTX	C	0.08%
ROL	A	0.08%
HMC	D	0.08%
VLO	C	0.08%
ODFL	D	0.07%
AEP	D	0.07%
XEL	D	0.07%
AEE	D	0.07%
LULU	F	0.07%
SONY	D	0.07%
MDT	D	0.06%
PM	A	0.06%
LIN	B	0.06%
DINO	D	0.06%
EG	B	0.06%
WTW	B	0.06%
MNST	D	0.06%
NUE	F	0.05%
MT	D	0.05%
TDY	D	0.05%
DECK	C	0.05%
D	D	0.05%
NEE	B	0.05%
EOG	C	0.05%
NEM	B	0.04%
EXPD	B	0.04%
BTI	A	0.04%
GRMN	B	0.04%
OXY	C	0.04%
LNG	B	0.04%
WSM	C	0.04%
CMS	D	0.04%
ETN	D	0.03%
FCX	C	0.03%
KMI	A	0.03%
TRGP	A	0.03%
PKG	B	0.03%
PCG	C	0.03%
EXC	D	0.03%
OC	C	0.03%
AVY	B	0.03%
SRE	B	0.03%
SBUX	F	0.03%
DVN	C	0.03%
LYB	C	0.03%
SLB	C	0.03%
APA	D	0.03%
DRI	C	0.03%
TPL	B	0.03%
MO	A	0.03%
MANH	B	0.03%
CNH	F	0.02%
WRK	D	0.02%
WY	F	0.02%
APTV	F	0.02%
CLF	F	0.02%
DLTR	F	0.02%
LSCC	F	0.02%
NMR	C	0.02%
DTE	D	0.02%
BA	D	0.02%
CEG	B	0.02%
HAL	D	0.02%
KKR	B	0.02%
BKR	B	0.02%
AER	A	0.02%
CHK	D	0.02%
VICI	D	0.02%
IP	A	0.02%
BX	B	0.02%
PEG	B	0.02%
OVV	D	0.02%
ETR	D	0.02%
ALLE	D	0.02%
NXPI	B	0.02%
MRO	B	0.02%
CTRA	C	0.02%
DG	D	0.02%
EIX	D	0.02%
PNR	D	0.02%
STLD	D	0.02%
LHX	A	0.02%
OKE	B	0.02%
LNT	C	0.02%
JBHT	F	0.02%
JCI	B	0.02%
RPM	C	0.01%
GLPI	C	0.01%
MGM	B	0.01%
HWM	B	0.01%
ZM	F	0.01%
DAL	D	0.01%
NWSA	A	0.01%
STE	D	0.01%
CPAY	D	0.01%
CZR	C	0.01%
CCK	D	0.01%
CCEP	A	0.01%
HII	C	0.01%
VST	B	0.01%
STX	B	0.01%
WFG	D	0.01%
NI	B	0.01%
KNX	C	0.01%
LDOS	A	0.01%
BALL	D	0.01%
FOXA	A	0.01%
STZ	B	0.01%
CHRW	B	0.01%
VMC	D	0.01%
TDG	B	0.01%
MLM	D	0.01%
ATO	B	0.01%
TXT	D	0.01%
AES	D	0.01%
EVRG	D	0.01%
TAP	F	0.01%
WAB	D	0.01%
CHRD	C	0.01%
MKTX	F	0.01%
UBER	B	0.01%
PPL	C	0.01%
CNP	B	0.01%
FE	D	0.01%
HES	C	0.01%
GEV	B	0.01%
PARA	F	0.01%
EQT	D	0.01%
NRG	B	0.01%
ES	D	0.01%
KMX	C	0.01%
CFLT	F	0.0%
IOT	D	0.0%
GLBE	C	0.0%
PATH	D	0.0%
RBLX	C	0.0%
NET	C	0.0%
DDOG	C	0.0%
U	F	0.0%
DKNG	D	0.0%
FUTU	C	0.0%
DOCU	D	0.0%
HEI	A	0.0%
DT	F	0.0%
SNAP	B	0.0%
GRAB	C	0.0%
SE	B	0.0%
SNOW	F	0.0%
PLTR	B	0.0%
HOOD	B	0.0%
WYNN	D	0.0%
AXON	D	0.0%
Z	C	0.0%
PINS	A	0.0%
ETSY	F	0.0%
LII	B	0.0%
OKTA	C	0.0%
HEI	A	0.0%
CRWD	A	0.0%
LUV	B	0.0%
RIVN	C	0.0%
DASH	D	0.0%
RCL	A	0.0%
LVS	F	0.0%
TWLO	D	0.0%
QGEN	D	0.0%
LW	C	0.0%
CCL	B	0.0%
OTEX	D	0.0%

QWLD Underweight 579 Positions Relative to HKND

Symbol	Grade	Weight
FMC	D	-0.68%
INGR	D	-0.47%
FDP	D	-0.44%
THC	B	-0.33%
SPB	C	-0.28%
FELE	D	-0.25%
RUN	C	-0.15%
ZWS	D	-0.14%
ENOV	F	-0.13%
AHCO	C	-0.12%
OGN	B	-0.11%
ALNY	A	-0.11%
ICUI	C	-0.11%
FTRE	F	-0.1%
SEM	A	-0.1%
IART	D	-0.1%
FLO	C	-0.09%
MASI	B	-0.09%
MAN	D	-0.09%
POST	C	-0.08%
SRPT	B	-0.08%
DXC	C	-0.08%
RDNT	C	-0.08%
LUMN	F	-0.08%
MTD	B	-0.08%
LXU	F	-0.07%
MMSI	B	-0.07%
UAN	C	-0.07%
CWT	D	-0.07%
EHC	B	-0.07%
ALG	F	-0.07%
TITN	F	-0.07%
ITGR	D	-0.07%
BERY	C	-0.06%
HAE	D	-0.06%
RGA	B	-0.06%
GMED	A	-0.06%
SNX	C	-0.06%
KD	B	-0.06%
EMBC	C	-0.06%
OPK	D	-0.05%
SJW	F	-0.05%
MEDP	B	-0.05%
OMI	F	-0.05%
AVNS	F	-0.05%
EXEL	B	-0.05%
LNC	B	-0.05%
BRKR	F	-0.05%
SMG	D	-0.05%
CNMD	F	-0.05%
INSM	A	-0.05%
ORI	C	-0.04%
SCSC	D	-0.04%
KLG	F	-0.04%
OPCH	D	-0.04%
HUN	D	-0.04%
CR	B	-0.04%
GME	C	-0.04%
JEF	B	-0.04%
AWR	D	-0.04%
TOL	D	-0.04%
PEN	F	-0.04%
ITCI	B	-0.04%
CHWY	B	-0.04%
WHR	F	-0.04%
UNFI	C	-0.04%
FAF	D	-0.04%
GXO	F	-0.04%
AYI	D	-0.04%
IONS	B	-0.04%
NOVT	C	-0.04%
JLL	B	-0.04%
MMS	B	-0.03%
VOYA	B	-0.03%
MDGL	B	-0.03%
GPS	C	-0.03%
SIRI	F	-0.03%
TDS	C	-0.03%
KBH	B	-0.03%
DAR	D	-0.03%
USM	B	-0.03%
NEO	F	-0.03%
ENR	C	-0.03%
AZTA	C	-0.03%
ARW	C	-0.03%
HWKN	A	-0.03%
ENSG	B	-0.03%
ABM	B	-0.03%
MIDD	D	-0.03%
NSP	F	-0.03%
RHI	D	-0.03%
RVMD	B	-0.03%
CYTK	F	-0.03%
AMRX	C	-0.03%
CERE	D	-0.03%
FLGT	D	-0.03%
VKTX	D	-0.03%
SNEX	C	-0.03%
SMMT	B	-0.03%
MD	D	-0.03%
AMKR	B	-0.03%
LNTH	B	-0.03%
TMHC	D	-0.03%
IVZ	C	-0.03%
NWS	A	-0.03%
SANM	B	-0.03%
LBRDA	D	-0.03%
SGRY	F	-0.03%
UNM	C	-0.03%
CNXN	D	-0.03%
RKT	C	-0.03%
PCVX	B	-0.03%
FYBR	B	-0.03%
LNN	D	-0.03%
WMG	D	-0.03%
HALO	A	-0.03%
BPMC	B	-0.03%
TNDM	C	-0.03%
R	B	-0.02%
AMN	F	-0.02%
MCY	C	-0.02%
XRAY	F	-0.02%
BCO	A	-0.02%
BHF	D	-0.02%
NATL	B	-0.02%
UTZ	D	-0.02%
CRNX	D	-0.02%
MHO	C	-0.02%
CENTA	D	-0.02%
AXSM	B	-0.02%
FCN	C	-0.02%
ARWR	C	-0.02%
LECO	F	-0.02%
SMPL	B	-0.02%
AVT	B	-0.02%
CCS	D	-0.02%
TPG	C	-0.02%
ATRC	F	-0.02%
ALIT	F	-0.02%
COOP	C	-0.02%
DOX	D	-0.02%
RARE	F	-0.02%
CNXC	F	-0.02%
TPH	D	-0.02%
GKOS	B	-0.02%
CORT	B	-0.02%
PTCT	C	-0.02%
PFSI	B	-0.02%
OPEN	F	-0.02%
ADV	D	-0.02%
FOLD	D	-0.02%
SRCL	B	-0.02%
BKD	D	-0.02%
ACAD	D	-0.02%
OMF	D	-0.02%
ADTN	F	-0.02%
AGL	D	-0.02%
AIRC	A	-0.02%
ZG	C	-0.02%
THG	D	-0.02%
WTS	D	-0.02%
BBIO	F	-0.02%
WMS	C	-0.02%
LILAK	B	-0.02%
NUVL	B	-0.02%
GH	C	-0.02%
MTH	D	-0.02%
TNET	D	-0.02%
KRYS	B	-0.02%
KELYA	C	-0.02%
THS	C	-0.02%
APLS	F	-0.02%
JXN	B	-0.02%
REZI	D	-0.02%
KMPR	D	-0.02%
JJSF	B	-0.02%
TWI	F	-0.02%
SF	B	-0.02%
GNW	D	-0.02%
WU	D	-0.02%
CHE	D	-0.02%
GFS	C	-0.02%
OFIX	D	-0.02%
AAP	F	-0.02%
IRDM	F	-0.02%
AMED	F	-0.02%
MODG	C	-0.01%
FLS	C	-0.01%
COTY	D	-0.01%
MGNX	F	-0.01%
ONTO	B	-0.01%
CVCO	D	-0.01%
PRLB	F	-0.01%
OZK	D	-0.01%
YORW	C	-0.01%
NRIX	B	-0.01%
KE	D	-0.01%
IRTC	C	-0.01%
WTM	B	-0.01%
PJT	B	-0.01%
DLB	F	-0.01%
DBX	D	-0.01%
SSB	D	-0.01%
FRPT	B	-0.01%
KIDS	F	-0.01%
TCBI	D	-0.01%
MAT	F	-0.01%
WGO	F	-0.01%
GSAT	F	-0.01%
BKU	C	-0.01%
WH	C	-0.01%
CMC	C	-0.01%
AEO	C	-0.01%
BRX	B	-0.01%
BXC	F	-0.01%
TDOC	F	-0.01%
DAWN	D	-0.01%
MTN	F	-0.01%
TVTX	C	-0.01%
MC	D	-0.01%
PB	D	-0.01%
VZIO	B	-0.01%
SSYS	F	-0.01%
FOUR	C	-0.01%
KNF	C	-0.01%
CADE	C	-0.01%
SAGE	F	-0.01%
NYT	B	-0.01%
PLUS	D	-0.01%
SCHL	D	-0.01%
ASB	D	-0.01%
FIX	C	-0.01%
FDMT	D	-0.01%
RLI	D	-0.01%
WD	C	-0.01%
UMBF	C	-0.01%
HMN	D	-0.01%
HWC	C	-0.01%
TMCI	F	-0.01%
MDXG	F	-0.01%
SANA	F	-0.01%
IPGP	F	-0.01%
TRUP	B	-0.01%
NGVT	F	-0.01%
BCRX	C	-0.01%
SKY	D	-0.01%
ACIW	A	-0.01%
FNB	C	-0.01%
HGV	D	-0.01%
GRBK	B	-0.01%
VNT	D	-0.01%
FG	D	-0.01%
LCII	F	-0.01%
VLY	F	-0.01%
ACT	C	-0.01%
PNFP	D	-0.01%
ANF	C	-0.01%
KURA	C	-0.01%
HAS	C	-0.01%
URBN	B	-0.01%
FNA	F	-0.01%
WBS	D	-0.01%
CC	F	-0.01%
PII	F	-0.01%
CBSH	C	-0.01%
IDT	D	-0.01%
SYNA	D	-0.01%
IMVT	D	-0.01%
VSAT	F	-0.01%
KWR	D	-0.01%
CFR	D	-0.01%
PRG	B	-0.01%
DIOD	D	-0.01%
APG	B	-0.01%
MORF	C	-0.01%
EXLS	C	-0.01%
HURN	C	-0.01%
MNKD	B	-0.01%
KFRC	D	-0.01%
SILK	B	-0.01%
SITE	F	-0.01%
HTH	D	-0.01%
PIPR	A	-0.01%
CNM	D	-0.01%
MSM	D	-0.01%
ASIX	F	-0.01%
CRVL	C	-0.01%
CRUS	A	-0.01%
CCRN	F	-0.01%
LFUS	C	-0.01%
TDC	D	-0.01%
MIRM	B	-0.01%
AKRO	C	-0.01%
NYCB	F	-0.01%
IAC	F	-0.01%
PTGX	C	-0.01%
DFH	F	-0.01%
XNCR	F	-0.01%
EXPI	F	-0.01%
MTG	B	-0.01%
TGNA	D	-0.01%
IOSP	D	-0.01%
FHI	C	-0.01%
ARDX	F	-0.01%
SBH	F	-0.01%
BEAM	C	-0.01%
NMRK	D	-0.01%
UNF	F	-0.01%
WTFC	C	-0.01%
DNA	F	-0.01%
UCTT	B	-0.01%
RDN	B	-0.01%
LAMR	B	-0.01%
CABO	F	-0.01%
HLI	C	-0.01%
FND	D	-0.01%
BRC	B	-0.01%
BECN	C	-0.01%
AXNX	B	-0.01%
PINC	F	-0.01%
ARVN	F	-0.01%
SXT	C	-0.01%
MORN	C	-0.01%
IRT	A	-0.01%
RXRX	C	-0.01%
RYAN	B	-0.01%
RCM	B	-0.01%
AXTA	C	-0.01%
KROS	F	-0.01%
EWTX	C	-0.01%
BCC	D	-0.01%
ANIP	C	-0.01%
INVA	B	-0.01%
CSTL	D	-0.01%
WAL	C	-0.01%
SNDX	D	-0.01%
BOKF	C	-0.01%
LANC	D	-0.01%
BGC	C	-0.01%
ENS	C	-0.01%
AIV	D	-0.01%
TEX	D	-0.01%
CRSR	F	-0.01%
CPRX	D	-0.01%
ASTH	C	-0.01%
TNC	D	-0.01%
CACC	D	-0.01%
RCKT	C	-0.01%
CNDT	D	-0.01%
STGW	C	-0.01%
VNO	B	-0.01%
COLL	D	-0.01%
LMAT	B	-0.01%
ICFI	C	-0.01%
LGF.A	D	-0.01%
VERA	D	-0.01%
NTLA	C	-0.01%
ADMA	B	-0.01%
ACHC	D	-0.01%
TNL	B	-0.01%
GNRC	D	-0.01%
TTMI	A	-0.01%
VAC	F	-0.01%
EWBC	C	-0.01%
JBSS	D	-0.01%
KEX	B	-0.01%
SNV	C	-0.01%
UFPI	D	-0.01%
RRX	F	-0.01%
KYMR	D	-0.01%
LGND	C	-0.01%
KFY	B	-0.01%
SPTN	F	-0.01%
BZH	D	-0.01%
HRB	A	-0.01%
NVST	F	-0.01%
EVH	F	-0.01%
HOV	D	-0.01%
BGS	F	-0.01%
CGON	F	-0.01%
MRVI	F	-0.01%
IRWD	F	-0.01%
ADUS	A	-0.01%
GT	F	-0.01%
CIEN	D	-0.01%
BC	F	-0.01%
CNO	C	-0.01%
LGIH	F	-0.01%
JANX	D	-0.01%
PBH	C	-0.01%
DVAX	F	-0.01%
ASGN	D	-0.01%
HRMY	C	-0.01%
CLDX	C	-0.01%
THO	F	-0.01%
AGIO	B	-0.01%
ACLX	C	-0.01%
ASH	C	-0.01%
RYTM	B	-0.01%
AIT	C	-0.01%
VCEL	C	-0.01%
PCRX	D	-0.01%
BHE	C	-0.01%
DYN	B	-0.01%
UWMC	C	-0.01%
NXST	C	-0.01%
NHC	A	-0.01%
ATEC	F	-0.01%
SWTX	F	-0.01%
AMRK	C	-0.01%
NTRA	B	-0.01%
GERN	C	-0.01%
AMG	C	-0.01%
TGTX	B	-0.01%
PRVA	F	-0.01%
CLH	A	-0.01%
MSEX	D	-0.01%
ESAB	D	-0.01%
NSIT	B	-0.01%
EEFT	D	-0.01%
WCC	D	-0.01%
ESI	B	-0.01%
IOVA	D	-0.01%
IDYA	D	-0.01%
COMP	D	-0.01%
FHN	C	-0.01%
SEE	C	-0.01%
NARI	C	-0.01%
NVAX	C	-0.01%
UFPT	B	-0.01%
ZION	C	-0.01%
MYGN	B	-0.01%
VSH	F	-0.01%
TWST	C	-0.01%
INSP	F	-0.01%
PDCO	D	-0.01%
VIR	F	-0.01%
SUPN	F	-0.01%
COHR	B	-0.01%
HAIN	D	-0.01%
EVR	B	-0.01%
NWL	F	-0.01%
AMPH	D	-0.01%
SIGI	F	-0.01%
DNLI	B	-0.01%
PLXS	C	-0.01%
RNA	B	-0.01%
EDR	A	-0.01%
CMA	C	-0.01%
TXG	F	-0.01%
ATR	C	-0.01%
STC	D	-0.01%
IBKR	B	-0.01%
FL	B	-0.01%
GL	C	-0.01%
SCI	B	-0.01%
TTEK	B	-0.01%
AVTE	F	-0.0%
VIRT	C	-0.0%
OABI	F	-0.0%
ZNTL	F	-0.0%
QTRX	F	-0.0%
ABSI	F	-0.0%
CABA	F	-0.0%
ALXO	F	-0.0%
ALT	C	-0.0%
ABUS	C	-0.0%
ORIC	F	-0.0%
LYEL	F	-0.0%
BLFS	B	-0.0%
PRME	D	-0.0%
EYPT	F	-0.0%
CELC	C	-0.0%
CTKB	F	-0.0%
HLVX	D	-0.0%
APLT	C	-0.0%
SVRA	F	-0.0%
PHAT	C	-0.0%
OSCR	D	-0.0%
MNMD	D	-0.0%
PLAB	F	-0.0%
ALEC	F	-0.0%
NUVB	C	-0.0%
STOK	C	-0.0%
PLRX	F	-0.0%
COLB	F	-0.0%
WAFD	D	-0.0%
MLYS	D	-0.0%
ALGM	F	-0.0%
OLMA	C	-0.0%
YMAB	D	-0.0%
MSGS	C	-0.0%
ITRI	C	-0.0%
MMI	F	-0.0%
CNS	B	-0.0%
MLI	C	-0.0%
WSFS	B	-0.0%
UCBI	D	-0.0%
DFIN	C	-0.0%
ZEUS	F	-0.0%
SIGA	C	-0.0%
CRAI	B	-0.0%
LFST	F	-0.0%
FORM	B	-0.0%
ANAB	B	-0.0%
PLAY	F	-0.0%
CBT	D	-0.0%
FHB	C	-0.0%
GBCI	D	-0.0%
ARQT	C	-0.0%
ARCT	F	-0.0%
IBP	D	-0.0%
EOLS	F	-0.0%
SPRY	D	-0.0%
ETNB	F	-0.0%
HSII	C	-0.0%
SAFT	D	-0.0%
SONO	F	-0.0%
VRDN	D	-0.0%
CATY	C	-0.0%
FIVE	F	-0.0%
CHH	B	-0.0%
LBPH	B	-0.0%
NVEE	F	-0.0%
IMNM	F	-0.0%
COGT	C	-0.0%
SRRK	F	-0.0%
SAVA	F	-0.0%
HOMB	C	-0.0%
AEIS	C	-0.0%
GIC	F	-0.0%
RLAY	D	-0.0%
TYRA	C	-0.0%
SFNC	D	-0.0%
ITT	D	-0.0%
REYN	B	-0.0%
CBZ	D	-0.0%
GOLF	B	-0.0%
STEP	B	-0.0%
UVE	C	-0.0%
UFCS	D	-0.0%
SLAB	F	-0.0%
LQDA	D	-0.0%
CNA	C	-0.0%
VCTR	C	-0.0%
AZZ	C	-0.0%
SIBN	F	-0.0%
AVO	D	-0.0%
CGEM	D	-0.0%
TRIP	F	-0.0%
CTS	B	-0.0%
OCUL	C	-0.0%
FULT	C	-0.0%
IRON	C	-0.0%
DCI	D	-0.0%
TKR	D	-0.0%
NX	F	-0.0%
RGNX	F	-0.0%
VCYT	C	-0.0%
UBSI	D	-0.0%
FRT	D	-0.0%
TARS	D	-0.0%
USPH	D	-0.0%
RCUS	D	-0.0%
SATS	C	-0.0%
ABCB	C	-0.0%
PGNY	F	-0.0%
SFM	A	-0.0%
PNTG	B	-0.0%
ELVN	C	-0.0%
DORM	B	-0.0%
HZO	C	-0.0%
GTES	D	-0.0%
ONB	C	-0.0%
ROG	C	-0.0%
APAM	C	-0.0%
UI	C	-0.0%
BBSI	B	-0.0%
GMS	D	-0.0%