CVLC vs. FMDE ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Fidelity Enhanced Mid Cap ETF (FMDE)

CVLC

Calvert US Large-Cap Core Responsible Index ETF

CVLC Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$74.36

Average Daily Volume

9,869

Number of Holdings ^*

767

* may have additional holdings in another (foreign) market

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.09

Average Daily Volume

143,545

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	FMDE
30 Days	2.84%	4.25%
60 Days	6.31%	9.30%
90 Days	8.19%	12.10%
12 Months	34.19%

201 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in FMDE	Overlap
	A	F	0.09%	0.28%	0.09%
	ACGL	C	0.09%	0.09%	0.09%
	ACM	B	0.04%	0.18%	0.04%
	AES	F	0.02%	0.12%	0.02%
	AFG	A	0.02%	0.05%	0.02%
	AFL	C	0.13%	0.02%	0.02%
	AJG	A	0.14%	0.02%	0.02%
	AKAM	F	0.03%	0.03%	0.03%
	ALL	B	0.12%	0.56%	0.12%
	ALLE	D	0.03%	0.58%	0.03%
	ALSN	B	0.03%	0.48%	0.03%
	AME	A	0.12%	0.25%	0.12%
	AMP	A	0.14%	0.58%	0.14%
	AMT	F	0.22%	0.05%	0.05%
	ANF	C	0.01%	0.43%	0.01%
	ANSS	B	0.06%	0.13%	0.06%
	APP	B	0.07%	0.6%	0.07%
	ARW	F	0.01%	0.01%	0.01%
	ATI	F	0.04%	0.13%	0.04%
	AWK	D	0.06%	0.09%	0.06%
	AXON	B	0.09%	0.65%	0.09%
	AXS	A	0.02%	0.08%	0.02%
	AXTA	A	0.02%	0.45%	0.02%
	AYI	A	0.03%	0.32%	0.03%
	BAH	C	0.05%	0.34%	0.05%
	BBY	C	0.04%	0.03%	0.03%
	BERY	D	0.02%	0.46%	0.02%
	BIIB	F	0.06%	0.04%	0.04%
	BILL	B	0.01%	0.26%	0.01%
	BK	B	0.14%	0.96%	0.14%
	BLD	F	0.03%	0.32%	0.03%
	BMRN	F	0.03%	0.03%	0.03%
	BMY	B	0.25%	0.27%	0.25%
	BRO	B	0.06%	0.34%	0.06%
	BRX	A	0.02%	0.43%	0.02%
	BURL	C	0.03%	0.46%	0.03%
	CBOE	D	0.05%	0.26%	0.05%
	CBRE	B	0.1%	0.03%	0.03%
	CBSH	A	0.02%	0.11%	0.02%
	CCI	F	0.11%	0.58%	0.11%
	CCK	D	0.03%	0.49%	0.03%
	CDW	F	0.06%	0.2%	0.06%
	CFG	B	0.05%	0.22%	0.05%
	CI	D	0.19%	0.06%	0.06%
	CINF	A	0.06%	0.12%	0.06%
	CL	F	0.15%	0.4%	0.15%
	CLX	A	0.04%	0.62%	0.04%
	CMI	A	0.13%	0.89%	0.13%
	CNC	F	0.07%	0.56%	0.07%
	CNM	D	0.02%	0.03%	0.02%
	COIN	B	0.12%	0.11%	0.11%
	CRUS	F	0.01%	0.45%	0.01%
	CSGP	F	0.07%	0.67%	0.07%
	CSL	B	0.11%	0.05%	0.05%
	CTAS	B	0.15%	0.53%	0.15%
	CVNA	B	0.05%	0.75%	0.05%
	CW	C	0.04%	0.63%	0.04%
	CWEN	D	0.01%	0.06%	0.01%
	CWEN	D	0.01%	0.04%	0.01%
	DAL	A	0.09%	0.05%	0.05%
	DBX	B	0.01%	0.58%	0.01%
	DCI	A	0.03%	0.52%	0.03%
	DFS	B	0.11%	0.21%	0.11%
	DGX	B	0.04%	0.06%	0.04%
	DHI	D	0.12%	0.58%	0.12%
	DKS	D	0.02%	0.19%	0.02%
	DOC	C	0.04%	0.03%	0.03%
	DOCU	B	0.03%	0.7%	0.03%
	DTE	D	0.06%	0.05%	0.05%
	DUOL	A	0.03%	0.13%	0.03%
	DXCM	C	0.06%	0.19%	0.06%
	EA	A	0.08%	0.71%	0.08%
	EBAY	C	0.06%	0.33%	0.06%
	ECL	C	0.17%	0.45%	0.17%
	ED	D	0.08%	0.02%	0.02%
	EEFT	C	0.01%	0.38%	0.01%
	ELAN	C	0.01%	0.28%	0.01%
	EME	B	0.06%	0.31%	0.06%
	EQH	B	0.04%	0.63%	0.04%
	EQR	C	0.06%	0.28%	0.06%
	ES	D	0.05%	0.08%	0.05%
	EVRG	A	0.03%	0.4%	0.03%
	EXC	C	0.09%	0.11%	0.09%
	EXEL	B	0.02%	0.53%	0.02%
	FFIV	B	0.03%	0.54%	0.03%
	FIS	B	0.1%	0.61%	0.1%
	FIX	B	0.04%	0.38%	0.04%
	FLS	B	0.02%	0.21%	0.02%
	FR	D	0.02%	0.06%	0.02%
	FTV	C	0.07%	0.53%	0.07%
	GAP	B	0.01%	0.49%	0.01%
	GEHC	D	0.08%	0.11%	0.08%
	GILD	B	0.25%	0.54%	0.25%
	GIS	F	0.1%	0.33%	0.1%
	GL	B	0.02%	0.53%	0.02%
	GWW	B	0.1%	0.42%	0.1%
	HIG	C	0.08%	0.39%	0.08%
	HLT	A	0.13%	0.44%	0.13%
	HPE	B	0.06%	0.66%	0.06%
	HPQ	B	0.07%	0.01%	0.01%
	HRB	D	0.02%	0.21%	0.02%
	HUBB	C	0.07%	0.59%	0.07%
	HUBS	B	0.06%	0.63%	0.06%
	HXL	F	0.01%	0.35%	0.01%
	IBKR	A	0.04%	0.11%	0.04%
	IDXX	F	0.08%	0.56%	0.08%
	IFF	F	0.06%	0.27%	0.06%
	INCY	B	0.03%	0.62%	0.03%
	INGR	B	0.03%	0.25%	0.03%
	IQV	F	0.09%	0.36%	0.09%
	ITT	A	0.03%	0.12%	0.03%
	JAZZ	B	0.01%	0.02%	0.01%
	JHG	A	0.01%	0.07%	0.01%
	K	A	0.06%	0.04%	0.04%
	KD	A	0.01%	0.15%	0.01%
	KEY	B	0.05%	0.64%	0.05%
	KLAC	F	0.19%	0.37%	0.19%
	KMB	D	0.09%	0.21%	0.09%
	KR	A	0.12%	0.74%	0.12%
	LEN	D	0.1%	0.28%	0.1%
	LPLA	A	0.06%	0.09%	0.06%
	LPX	A	0.01%	0.34%	0.01%
	LSCC	D	0.02%	0.01%	0.01%
	LYFT	B	0.01%	0.72%	0.01%
	MANH	C	0.04%	0.56%	0.04%
	MCHP	F	0.08%	0.08%	0.08%
	MEDP	D	0.02%	0.51%	0.02%
	MKTX	C	0.02%	0.19%	0.02%
	MORN	B	0.02%	0.12%	0.02%
	MPWR	F	0.08%	0.55%	0.08%
	MSA	D	0.02%	0.07%	0.02%
	MSCI	B	0.1%	0.84%	0.1%
	MSI	B	0.16%	0.5%	0.16%
	MTB	A	0.09%	0.22%	0.09%
	NBIX	C	0.03%	0.47%	0.03%
	NDAQ	B	0.08%	0.43%	0.08%
	NRG	C	0.05%	0.63%	0.05%
	NTAP	D	0.05%	0.63%	0.05%
	NTNX	B	0.03%	0.34%	0.03%
	NUE	D	0.22%	0.61%	0.22%
	NVR	D	0.06%	0.66%	0.06%
	NVT	C	0.04%	0.42%	0.04%
	NYT	C	0.02%	0.46%	0.02%
	OC	A	0.09%	0.22%	0.09%
	PCAR	B	0.17%	0.39%	0.17%
	PCTY	B	0.02%	0.23%	0.02%
	PHM	D	0.06%	0.05%	0.05%
	PPG	F	0.08%	0.64%	0.08%
	PRU	B	0.11%	0.82%	0.11%
	PSA	D	0.12%	0.44%	0.12%
	PYPL	A	0.17%	0.54%	0.17%
	QRVO	F	0.01%	0.36%	0.01%
	RBLX	B	0.06%	0.76%	0.06%
	REG	A	0.03%	0.13%	0.03%
	RGA	A	0.04%	0.27%	0.04%
	RJF	A	0.07%	0.76%	0.07%
	ROP	A	0.13%	0.1%	0.1%
	ROST	D	0.09%	0.76%	0.09%
	RS	C	0.1%	0.3%	0.1%
	SBAC	D	0.06%	0.22%	0.06%
	SEE	C	0.01%	0.34%	0.01%
	SEIC	A	0.02%	0.23%	0.02%
	SF	A	0.03%	0.03%	0.03%
	SNX	C	0.02%	0.44%	0.02%
	SPG	A	0.14%	0.92%	0.14%
	SQ	B	0.09%	0.96%	0.09%
	SSNC	C	0.03%	0.59%	0.03%
	STAG	D	0.02%	0.01%	0.01%
	STLD	C	0.12%	0.47%	0.12%
	STT	B	0.07%	0.7%	0.07%
	SWK	F	0.04%	0.01%	0.01%
	SWKS	F	0.03%	0.46%	0.03%
	SYF	B	0.07%	0.5%	0.07%
	SYY	D	0.11%	0.11%	0.11%
	TOL	B	0.04%	0.61%	0.04%
	TOST	A	0.03%	0.77%	0.03%
	TPR	A	0.02%	0.45%	0.02%
	TT	B	0.24%	0.47%	0.24%
	TW	B	0.04%	0.21%	0.04%
	TWLO	B	0.03%	0.65%	0.03%
	TXRH	A	0.04%	0.06%	0.04%
	ULTA	C	0.04%	0.04%	0.04%
	UNM	A	0.03%	0.51%	0.03%
	USFD	B	0.04%	0.16%	0.04%
	UTHR	B	0.04%	0.39%	0.04%
	VEEV	B	0.07%	0.77%	0.07%
	VLTO	D	0.05%	0.1%	0.05%
	VMC	B	0.21%	0.43%	0.21%
	VMI	B	0.02%	0.37%	0.02%
	WAB	B	0.1%	0.43%	0.1%
	WBD	B	0.04%	0.08%	0.04%
	WCC	B	0.02%	0.32%	0.02%
	WDAY	B	0.11%	0.06%	0.06%
	WSM	F	0.03%	0.1%	0.03%
	WTW	A	0.08%	0.72%	0.08%
	WWD	B	0.03%	0.16%	0.03%
	XEL	A	0.09%	0.27%	0.09%
	Z	B	0.02%	0.33%	0.02%
	ZBRA	B	0.04%	0.26%	0.04%
	ZION	B	0.02%	0.33%	0.02%
	ZM	B	0.04%	0.75%	0.04%

CVLC Overweight 567 Positions Relative to FMDE

	Symbol	Grade	Weight
	NVDA	A	6.41%
	AAPL	C	6.29%
	MSFT	C	5.74%
	GOOGL	C	3.71%
	AMZN	A	3.69%
	AVGO	C	1.65%
	TSLA	B	1.65%
	JPM	A	1.43%
	LLY	F	1.32%
	UNH	B	1.14%
	V	A	1.07%
	MA	B	0.9%
	COST	B	0.79%
	ABBV	F	0.79%
	HD	B	0.76%
	PG	C	0.75%
	BAC	A	0.72%
	WMT	A	0.71%
	NFLX	A	0.7%
	WFC	A	0.61%
	ORCL	A	0.61%
	CRM	B	0.6%
	MRK	F	0.57%
	KO	F	0.57%
	PEP	D	0.55%
	LIN	D	0.53%
	CAT	B	0.53%
	GE	D	0.5%
	AMD	F	0.49%
	CSCO	A	0.48%
	ACN	B	0.47%
	ADBE	C	0.47%
	TMO	F	0.47%
	GS	B	0.46%
	ABT	C	0.45%
	NOW	A	0.43%
	TXN	B	0.41%
	AXP	B	0.41%
	IBM	D	0.41%
	ETN	B	0.4%
	QCOM	F	0.4%
	ISRG	A	0.4%
	DIS	B	0.39%
	AMGN	F	0.38%
	NEE	D	0.37%
	INTU	A	0.37%
	PGR	A	0.37%
	DHR	F	0.36%
	CMCSA	B	0.36%
	VZ	D	0.36%
	BKNG	A	0.35%
	UNP	D	0.35%
	SPGI	C	0.34%
	PFE	F	0.34%
	T	A	0.33%
	C	B	0.32%
	AMAT	F	0.32%
	BX	A	0.31%
	UBER	F	0.31%
	SBUX	B	0.3%
	DE	D	0.29%
	LOW	B	0.29%
	SYK	A	0.29%
	SCHW	B	0.28%
	BSX	A	0.28%
	VRTX	B	0.28%
	MMC	D	0.27%
	MDT	D	0.26%
	TJX	A	0.26%
	PANW	B	0.26%
	MU	D	0.26%
	ADP	A	0.26%
	MDLZ	F	0.25%
	KKR	B	0.25%
	PH	A	0.25%
	FI	A	0.25%
	PLD	D	0.25%
	TMUS	A	0.24%
	APH	B	0.24%
	SHW	A	0.24%
	ITW	B	0.23%
	ANET	C	0.23%
	UPS	C	0.23%
	BKR	B	0.23%
	ADI	D	0.23%
	ICE	C	0.22%
	CMG	B	0.22%
	ELV	F	0.22%
	GEV	B	0.22%
	INTC	C	0.22%
	LRCX	F	0.21%
	WM	A	0.21%
	CME	B	0.2%
	USB	B	0.2%
	AON	B	0.2%
	WELL	B	0.2%
	PNC	B	0.2%
	EMR	A	0.2%
	EQIX	B	0.2%
	OXY	F	0.19%
	APD	B	0.19%
	REGN	F	0.19%
	NKE	F	0.18%
	CARR	C	0.18%
	COF	B	0.18%
	SNPS	C	0.18%
	CEG	D	0.18%
	CDNS	B	0.17%
	ZTS	D	0.17%
	CVS	F	0.17%
	MCO	C	0.16%
	URI	B	0.16%
	MRVL	B	0.16%
	APO	B	0.16%
	GM	B	0.15%
	FDX	B	0.15%
	JCI	A	0.15%
	CRWD	B	0.15%
	BDX	F	0.15%
	TFC	B	0.15%
	ADSK	B	0.14%
	DLR	C	0.14%
	ORLY	A	0.14%
	TRV	B	0.14%
	MAR	A	0.14%
	ABNB	C	0.13%
	TGT	C	0.13%
	SRE	B	0.13%
	IR	A	0.12%
	D	D	0.12%
	TTD	B	0.12%
	O	D	0.12%
	MET	C	0.12%
	AIG	B	0.12%
	VRT	B	0.12%
	YUM	B	0.11%
	AZO	B	0.11%
	CPRT	A	0.11%
	FTNT	B	0.11%
	FICO	B	0.11%
	MNST	B	0.11%
	PWR	B	0.11%
	OTIS	D	0.11%
	KDP	C	0.1%
	PAYX	B	0.1%
	ODFL	B	0.1%
	PEG	C	0.1%
	RSG	B	0.1%
	F	C	0.1%
	KVUE	A	0.09%
	EW	F	0.09%
	VRSK	A	0.09%
	IT	B	0.09%
	ROK	B	0.09%
	FAST	B	0.09%
	SW	B	0.08%
	DOV	A	0.08%
	HUM	D	0.08%
	AVB	B	0.08%
	ALNY	D	0.08%
	KEYS	C	0.08%
	FITB	A	0.08%
	ARES	B	0.08%
	GLW	B	0.08%
	SNOW	C	0.08%
	DDOG	B	0.08%
	RMD	C	0.08%
	EXR	D	0.08%
	DELL	C	0.08%
	CTSH	A	0.08%
	CHTR	B	0.08%
	XYL	F	0.08%
	KHC	F	0.08%
	LULU	B	0.07%
	FCNCA	B	0.07%
	IRM	D	0.07%
	EFX	F	0.07%
	HSY	F	0.07%
	WEC	B	0.07%
	HEI	A	0.07%
	TEAM	B	0.07%
	TTWO	A	0.06%
	AEE	B	0.06%
	DRI	B	0.06%
	MKC	D	0.06%
	NET	B	0.06%
	RF	A	0.06%
	PKG	B	0.06%
	TSCO	D	0.06%
	TDY	B	0.06%
	HBAN	A	0.06%
	VTR	C	0.06%
	MTD	F	0.06%
	ON	F	0.06%
	TROW	A	0.06%
	ESS	C	0.05%
	STX	D	0.05%
	PNR	A	0.05%
	ARE	F	0.05%
	CMS	D	0.05%
	PFG	C	0.05%
	TRMB	B	0.05%
	DECK	B	0.05%
	PTC	B	0.05%
	IEX	B	0.05%
	WDC	D	0.05%
	STE	D	0.05%
	ZBH	C	0.05%
	CHD	A	0.05%
	WSO	B	0.05%
	BALL	D	0.05%
	WAT	B	0.05%
	SNA	A	0.05%
	NTRS	A	0.05%
	WST	B	0.05%
	TYL	B	0.05%
	BR	A	0.05%
	LII	B	0.05%
	ILMN	C	0.05%
	SAIA	B	0.04%
	LNT	C	0.04%
	EWBC	B	0.04%
	COHR	C	0.04%
	TER	F	0.04%
	JBHT	C	0.04%
	PODD	B	0.04%
	PFGC	B	0.04%
	ZS	B	0.04%
	NI	A	0.04%
	FSLR	F	0.04%
	CAG	F	0.04%
	EG	D	0.04%
	KIM	A	0.04%
	CMC	B	0.04%
	SUI	F	0.04%
	EXPD	C	0.04%
	SFM	B	0.04%
	MRNA	F	0.04%
	NDSN	B	0.04%
	FDS	A	0.04%
	BAX	F	0.04%
	XPO	B	0.04%
	AMCR	D	0.04%
	HOLX	D	0.04%
	GGG	B	0.04%
	MDB	C	0.04%
	PINS	F	0.04%
	MOH	F	0.04%
	CASY	B	0.04%
	LYV	A	0.04%
	DPZ	C	0.04%
	MAA	C	0.04%
	LH	B	0.04%
	WY	F	0.04%
	TRU	D	0.04%
	WRB	B	0.04%
	OMC	A	0.04%
	AVY	F	0.04%
	IPG	F	0.03%
	HRL	F	0.03%
	WBS	A	0.03%
	CUBE	D	0.03%
	AOS	F	0.03%
	SRPT	F	0.03%
	ALLY	C	0.03%
	WAL	B	0.03%
	CPB	F	0.03%
	OKTA	C	0.03%
	SNAP	C	0.03%
	WING	D	0.03%
	DAY	B	0.03%
	FHN	A	0.03%
	CNH	D	0.03%
	AFRM	B	0.03%
	DLTR	F	0.03%
	TECH	D	0.03%
	JNPR	D	0.03%
	WTRG	C	0.03%
	SCI	B	0.03%
	POOL	D	0.03%
	JKHY	C	0.03%
	EVR	B	0.03%
	LBRDK	C	0.03%
	CG	B	0.03%
	LAMR	D	0.03%
	CE	F	0.03%
	AIT	A	0.03%
	JEF	B	0.03%
	MLI	B	0.03%
	ARMK	B	0.03%
	WPC	F	0.03%
	EL	F	0.03%
	CHRW	A	0.03%
	ELS	B	0.03%
	JLL	C	0.03%
	CPT	C	0.03%
	TTEK	F	0.03%
	HST	D	0.03%
	DT	C	0.03%
	BXP	D	0.03%
	SOFI	B	0.03%
	ROL	C	0.03%
	LW	B	0.03%
	WMS	F	0.03%
	JBL	C	0.03%
	OWL	B	0.03%
	CLH	B	0.03%
	ATR	A	0.03%
	GWRE	A	0.03%
	LECO	C	0.03%
	ENTG	F	0.03%
	SUM	B	0.03%
	RRX	B	0.03%
	EMN	D	0.03%
	APTV	F	0.03%
	DG	F	0.03%
	SJM	F	0.03%
	BG	D	0.03%
	GPC	D	0.03%
	AVTR	F	0.03%
	VRSN	C	0.03%
	RNR	D	0.03%
	RVTY	C	0.03%
	GEN	B	0.03%
	UDR	C	0.03%
	MAS	D	0.03%
	PSTG	D	0.03%
	ALGN	D	0.03%
	FSS	C	0.02%
	SMAR	A	0.02%
	ITRI	B	0.02%
	MOD	D	0.02%
	VFC	C	0.02%
	MHK	D	0.02%
	HLNE	B	0.02%
	ALK	A	0.02%
	PARA	B	0.02%
	LNC	B	0.02%
	S	B	0.02%
	ESTC	C	0.02%
	CVLT	B	0.02%
	TREX	C	0.02%
	BC	D	0.02%
	MTG	C	0.02%
	FCN	F	0.02%
	LSTR	B	0.02%
	PLNT	A	0.02%
	SAIC	D	0.02%
	BIO	C	0.02%
	GXO	B	0.02%
	MTH	D	0.02%
	WTS	B	0.02%
	R	B	0.02%
	RL	B	0.02%
	RHP	B	0.02%
	OMF	A	0.02%
	WEX	D	0.02%
	SKX	F	0.02%
	UFPI	B	0.02%
	AGCO	F	0.02%
	WH	A	0.02%
	BCPC	B	0.02%
	HAS	D	0.02%
	DVA	C	0.02%
	TPX	B	0.02%
	GKOS	B	0.02%
	RIVN	F	0.02%
	RYAN	B	0.02%
	RGEN	C	0.02%
	HALO	C	0.02%
	OLED	F	0.02%
	RHI	B	0.02%
	CADE	B	0.02%
	BRBR	A	0.02%
	COKE	C	0.02%
	ONB	B	0.02%
	BPOP	C	0.02%
	COLD	F	0.02%
	TMHC	B	0.02%
	DAR	B	0.02%
	HQY	B	0.02%
	ENSG	C	0.02%
	LFUS	D	0.02%
	CBT	C	0.02%
	WSC	F	0.02%
	MOG.A	B	0.02%
	ALV	C	0.02%
	VNO	C	0.02%
	ESI	B	0.02%
	CHE	D	0.02%
	AGNC	C	0.02%
	NOVT	C	0.02%
	PB	B	0.02%
	BMI	B	0.02%
	NNN	F	0.02%
	ONTO	F	0.02%
	BWA	B	0.02%
	ENPH	F	0.02%
	LAD	B	0.02%
	ROKU	C	0.02%
	MKSI	C	0.02%
	PEN	C	0.02%
	HSIC	F	0.02%
	GTLS	B	0.02%
	LKQ	C	0.02%
	VOYA	B	0.02%
	CGNX	C	0.02%
	IVZ	B	0.02%
	FRPT	B	0.02%
	CIEN	B	0.02%
	SNV	B	0.02%
	FBIN	F	0.02%
	SSB	B	0.02%
	GMED	B	0.02%
	JXN	C	0.02%
	OSK	B	0.02%
	ESAB	B	0.02%
	MTZ	B	0.02%
	FMC	F	0.02%
	CFR	B	0.02%
	FND	F	0.02%
	WTFC	B	0.02%
	TFX	F	0.02%
	MIDD	D	0.02%
	KNX	C	0.02%
	AAL	B	0.02%
	SSD	F	0.02%
	ACI	C	0.02%
	ORI	A	0.02%
	DOX	C	0.02%
	APG	C	0.02%
	EXAS	F	0.02%
	EHC	B	0.02%
	REXR	F	0.02%
	FRT	B	0.02%
	RPRX	F	0.02%
	CMA	A	0.02%
	PNFP	B	0.02%
	BJ	B	0.02%
	EPAM	B	0.02%
	KMX	B	0.02%
	CTLT	D	0.02%
	SMCI	F	0.02%
	GPK	D	0.02%
	PRI	B	0.02%
	TTC	F	0.02%
	CRL	C	0.02%
	MOS	D	0.02%
	KNSL	C	0.02%
	PAYC	B	0.02%
	HLI	B	0.02%
	OHI	C	0.02%
	COTY	D	0.01%
	COLM	B	0.01%
	PAG	B	0.01%
	AGR	C	0.01%
	ALGM	F	0.01%
	APLS	F	0.01%
	TNET	C	0.01%
	PFSI	D	0.01%
	CACC	D	0.01%
	ZI	C	0.01%
	BOKF	B	0.01%
	CHWY	B	0.01%
	MSM	C	0.01%
	BBIO	F	0.01%
	CWAN	B	0.01%
	SIG	B	0.01%
	CHH	B	0.01%
	AN	C	0.01%
	M	C	0.01%
	OPCH	F	0.01%
	CDP	C	0.01%
	FIVE	F	0.01%
	OGN	F	0.01%
	DLB	D	0.01%
	WMG	B	0.01%
	NSIT	F	0.01%
	RH	C	0.01%
	BCO	F	0.01%
	AVT	C	0.01%
	ABG	B	0.01%
	WTM	A	0.01%
	HOG	D	0.01%
	ATKR	C	0.01%
	TENB	C	0.01%
	APPF	B	0.01%
	PSN	C	0.01%
	LANC	C	0.01%
	XRAY	F	0.01%
	SWX	B	0.01%
	DOCS	B	0.01%
	HCP	A	0.01%
	BCC	B	0.01%
	ELF	C	0.01%
	PVH	C	0.01%
	ZWS	B	0.01%
	WHR	B	0.01%
	EXPO	D	0.01%
	CROX	F	0.01%
	OLLI	C	0.01%
	IONS	F	0.01%
	MMS	F	0.01%
	POR	D	0.01%
	ASH	F	0.01%
	ETSY	D	0.01%
	FELE	B	0.01%
	DY	C	0.01%
	QLYS	B	0.01%
	VRNS	C	0.01%
	NXST	C	0.01%
	BECN	B	0.01%
	GME	C	0.01%
	UGI	D	0.01%
	FLO	F	0.01%
	SLGN	B	0.01%
	MAT	C	0.01%
	RDN	C	0.01%
	ALTR	C	0.01%
	LEA	F	0.01%
	AZEK	B	0.01%
	SLM	A	0.01%
	VNT	C	0.01%
	MMSI	B	0.01%
	IBP	F	0.01%
	OZK	B	0.01%
	RMBS	C	0.01%
	FOUR	B	0.01%
	AWI	B	0.01%
	THO	B	0.01%
	SITE	D	0.01%
	AMG	B	0.01%
	CFLT	B	0.01%
	EPRT	C	0.01%
	BRKR	F	0.01%
	FAF	C	0.01%
	NFG	D	0.01%
	BBWI	C	0.01%
	TRNO	F	0.01%
	THG	A	0.01%
	INSP	F	0.01%
	AL	B	0.01%
	BPMC	C	0.01%
	TPG	B	0.01%
	ST	F	0.01%
	G	B	0.01%
	TKR	F	0.01%
	SON	F	0.01%
	HOMB	A	0.01%
	CELH	F	0.01%
	KBH	D	0.01%
	SPSC	F	0.01%
	STWD	C	0.01%
	IDA	A	0.01%
	KRG	B	0.01%
	ESNT	D	0.01%
	MTN	C	0.01%
	CWST	B	0.01%
	FNB	B	0.01%
	SIGI	B	0.01%
	H	B	0.01%
	COOP	B	0.01%
	EXLS	B	0.01%
	BFAM	F	0.01%
	BEN	C	0.01%
	GATX	B	0.01%
	LEVI	F	0.0%

CVLC Underweight 83 Positions Relative to FMDE

	Symbol	Grade	Weight
	WMB	B	-1.08%
	VST	B	-0.89%
	HWM	B	-0.88%
	LDOS	C	-0.76%
	UAL	A	-0.76%
	CAH	B	-0.74%
	EXPE	B	-0.73%
	CCL	B	-0.64%
	TXT	D	-0.6%
	VICI	D	-0.6%
	CACI	C	-0.6%
	EIX	C	-0.59%
	AIZ	A	-0.59%
	LNG	B	-0.58%
	COR	B	-0.58%
	DD	D	-0.57%
	TRGP	B	-0.54%
	DKNG	B	-0.54%
	PEGA	B	-0.52%
	GRMN	A	-0.52%
	CNP	B	-0.5%
	LNW	F	-0.48%
	AMH	C	-0.48%
	BWXT	B	-0.47%
	TDC	F	-0.47%
	UHS	D	-0.45%
	IGT	F	-0.41%
	SOLV	C	-0.4%
	CPNG	B	-0.39%
	PLTR	B	-0.38%
	AM	B	-0.38%
	PCG	A	-0.36%
	RNG	C	-0.35%
	WU	F	-0.32%
	CPAY	A	-0.31%
	DVN	F	-0.3%
	GDDY	B	-0.29%
	PLTK	B	-0.29%
	MTDR	B	-0.27%
	GLPI	D	-0.26%
	ZG	B	-0.26%
	LHX	B	-0.25%
	FANG	C	-0.25%
	GTES	B	-0.23%
	HII	F	-0.22%
	HES	B	-0.21%
	NOC	D	-0.2%
	ADTN	B	-0.19%
	GPN	B	-0.19%
	BLDR	C	-0.19%
	RCL	A	-0.18%
	NWSA	B	-0.18%
	DASH	A	-0.16%
	SAM	B	-0.15%
	KMI	B	-0.14%
	TPL	B	-0.14%
	FTI	B	-0.12%
	CHDN	B	-0.12%
	NWS	B	-0.11%
	LUV	B	-0.1%
	CTRA	B	-0.1%
	LEG	F	-0.08%
	MGM	D	-0.08%
	ADM	F	-0.07%
	KEX	A	-0.07%
	VSTS	D	-0.07%
	VIRT	B	-0.06%
	TNL	A	-0.06%
	L	A	-0.06%
	TXG	F	-0.06%
	NTRA	B	-0.05%
	WEN	C	-0.05%
	EGP	D	-0.05%
	OGE	B	-0.04%
	EPR	D	-0.03%
	REYN	D	-0.03%
	QGEN	D	-0.02%
	POST	D	-0.02%
	OVV	C	-0.02%
	MRO	B	-0.02%
	HAL	C	-0.02%
	CF	B	-0.02%
	HOOD	B	-0.01%

CVLC: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Business Services Asset Management Biotechnology Software - Infrastructure Diagnostics & Research Specialty Retail Semiconductors Capital Markets Packaged Foods Utilities - Regulated Electric Scientific & Technical Instruments Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Packaging & Containers Building Materials

Keywords: S&P 500 Nasdaq 100 Computing Insurance Bank Banking Electronics Real Estate Investment Trust Chemical Natural Gas Medicine Aerospace Electricity Mining Semiconductor Telecommunications Cloud Computing Building Materials Insurance Products Beverage

FMDE: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Capital Markets Diagnostics & Research Aerospace & Defense Oil & Gas E&P Software - Infrastructure Biotechnology Semiconductors Specialty Retail Asset Management Banks - Regional - US Building Materials Insurance - Property & Casualty Residential Construction Communication Equipment Credit Services Gambling

Keywords: S&P 500 Nasdaq 100 Insurance Computing Natural Gas Aerospace Electricity Disability Electronics Cloud Computing IBD 50 Real Estate Investment Trust Telecommunications Life Insurance Mining Technology Solutions Bank Building Materials Insurance Products Mobile Devices