CVLC vs. ILCV ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to iShares Morningstar Value ETF (ILCV)

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

$74.78

Average Daily Volume

11,236

Number of Holdings ^*

767

* may have additional holdings in another (foreign) market

ILCV

iShares Morningstar Value ETF

ILCV Description

The investment seeks to track the investment results of the Morningstar® US Large-Mid Cap Broad Value IndexSM composed of large-and mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited above-average value characteristics as determined by Morningstar, Inc.(Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$83.75

Average Daily Volume

23,476

Number of Holdings ^*

441

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	ILCV
30 Days	2.60%	0.44%
60 Days	6.92%	3.98%
90 Days	9.17%	5.97%
12 Months	35.36%	28.01%

327 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in ILCV	Overlap
	AAPL	C	6.29%	6.1%	6.1%
	ABBV	D	0.79%	1.33%	0.79%
	ABT	C	0.45%	0.75%	0.45%
	ACGL	D	0.09%	0.09%	0.09%
	ACI	C	0.02%	0.03%	0.02%
	ACM	B	0.04%	0.02%	0.02%
	ACN	C	0.47%	0.73%	0.47%
	ADI	F	0.23%	0.35%	0.23%
	ADP	A	0.26%	0.29%	0.26%
	AEE	A	0.06%	0.09%	0.06%
	AES	F	0.02%	0.04%	0.02%
	AFG	A	0.02%	0.02%	0.02%
	AFL	C	0.13%	0.2%	0.13%
	AGR	C	0.01%	0.01%	0.01%
	AIG	B	0.12%	0.19%	0.12%
	AJG	A	0.14%	0.16%	0.14%
	AKAM	F	0.03%	0.03%	0.03%
	ALGN	F	0.03%	0.02%	0.02%
	ALL	A	0.12%	0.11%	0.11%
	ALLE	D	0.03%	0.02%	0.02%
	ALLY	C	0.03%	0.04%	0.03%
	AMAT	F	0.32%	0.36%	0.32%
	AMCR	D	0.04%	0.06%	0.04%
	AMGN	F	0.38%	0.65%	0.38%
	AMP	A	0.14%	0.07%	0.07%
	AMT	F	0.22%	0.35%	0.22%
	AON	A	0.2%	0.23%	0.2%
	AOS	F	0.03%	0.01%	0.01%
	APD	B	0.19%	0.26%	0.19%
	APH	B	0.24%	0.14%	0.14%
	APO	B	0.16%	0.17%	0.16%
	APTV	D	0.03%	0.03%	0.03%
	ARE	F	0.05%	0.05%	0.05%
	AVB	A	0.08%	0.06%	0.06%
	AVGO	C	1.65%	1.39%	1.39%
	AVTR	F	0.03%	0.02%	0.02%
	AVY	F	0.04%	0.03%	0.03%
	AWK	D	0.06%	0.05%	0.05%
	AXP	B	0.41%	0.4%	0.4%
	BAC	A	0.72%	1.13%	0.72%
	BAH	C	0.05%	0.02%	0.02%
	BALL	D	0.05%	0.03%	0.03%
	BAX	F	0.04%	0.07%	0.04%
	BBY	D	0.04%	0.07%	0.04%
	BDX	D	0.15%	0.25%	0.15%
	BEN	C	0.01%	0.02%	0.01%
	BG	D	0.03%	0.05%	0.03%
	BIIB	F	0.06%	0.09%	0.06%
	BJ	B	0.02%	0.02%	0.02%
	BK	B	0.14%	0.21%	0.14%
	BKNG	A	0.35%	0.41%	0.35%
	BKR	B	0.23%	0.08%	0.08%
	BLD	F	0.03%	0.02%	0.02%
	BMY	B	0.25%	0.42%	0.25%
	BSX	A	0.28%	0.25%	0.25%
	BX	A	0.31%	0.25%	0.25%
	BXP	D	0.03%	0.05%	0.03%
	C	A	0.32%	0.48%	0.32%
	CAG	F	0.04%	0.05%	0.04%
	CARR	C	0.18%	0.1%	0.1%
	CASY	B	0.04%	0.02%	0.02%
	CAT	C	0.53%	0.57%	0.53%
	CBRE	A	0.1%	0.06%	0.06%
	CCI	F	0.11%	0.17%	0.11%
	CCK	D	0.03%	0.03%	0.03%
	CE	F	0.03%	0.02%	0.02%
	CEG	D	0.18%	0.28%	0.18%
	CFG	B	0.05%	0.08%	0.05%
	CG	C	0.03%	0.04%	0.03%
	CHTR	B	0.08%	0.14%	0.08%
	CI	D	0.19%	0.33%	0.19%
	CINF	A	0.06%	0.05%	0.05%
	CL	F	0.15%	0.2%	0.15%
	CLX	A	0.04%	0.03%	0.03%
	CMCSA	B	0.36%	0.64%	0.36%
	CME	A	0.2%	0.3%	0.2%
	CMI	A	0.13%	0.06%	0.06%
	CMS	C	0.05%	0.05%	0.05%
	CNC	F	0.07%	0.12%	0.07%
	CNH	D	0.03%	0.04%	0.03%
	COF	B	0.18%	0.26%	0.18%
	COST	B	0.79%	0.82%	0.79%
	COTY	F	0.01%	0.0%	0.0%
	CPB	F	0.03%	0.03%	0.03%
	CPT	C	0.03%	0.03%	0.03%
	CRL	C	0.02%	0.01%	0.01%
	CSCO	A	0.48%	0.88%	0.48%
	CTSH	A	0.08%	0.15%	0.08%
	CVS	F	0.17%	0.27%	0.17%
	D	D	0.12%	0.1%	0.1%
	DAL	A	0.09%	0.08%	0.08%
	DE	D	0.29%	0.39%	0.29%
	DELL	B	0.08%	0.08%	0.08%
	DFS	B	0.11%	0.07%	0.07%
	DG	F	0.03%	0.06%	0.03%
	DGX	A	0.04%	0.06%	0.04%
	DHI	F	0.12%	0.19%	0.12%
	DHR	F	0.36%	0.59%	0.36%
	DIS	B	0.39%	0.48%	0.39%
	DKS	F	0.02%	0.02%	0.02%
	DLR	C	0.14%	0.06%	0.06%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.04%	0.06%	0.04%
	DOV	A	0.08%	0.03%	0.03%
	DRI	B	0.06%	0.04%	0.04%
	DTE	D	0.06%	0.09%	0.06%
	DVA	C	0.02%	0.01%	0.01%
	EA	A	0.08%	0.04%	0.04%
	EBAY	C	0.06%	0.08%	0.06%
	ECL	C	0.17%	0.11%	0.11%
	ED	D	0.08%	0.13%	0.08%
	EG	D	0.04%	0.06%	0.04%
	ELS	C	0.03%	0.02%	0.02%
	ELV	F	0.22%	0.37%	0.22%
	EMN	D	0.03%	0.05%	0.03%
	EMR	A	0.2%	0.27%	0.2%
	ENTG	D	0.03%	0.02%	0.02%
	EPAM	B	0.02%	0.02%	0.02%
	EQH	B	0.04%	0.05%	0.04%
	EQR	C	0.06%	0.06%	0.06%
	ES	D	0.05%	0.08%	0.05%
	ESS	C	0.05%	0.04%	0.04%
	ETN	A	0.4%	0.23%	0.23%
	EVRG	A	0.03%	0.05%	0.03%
	EXC	C	0.09%	0.14%	0.09%
	EXPD	D	0.04%	0.06%	0.04%
	EXR	D	0.08%	0.08%	0.08%
	F	C	0.1%	0.16%	0.1%
	FDX	B	0.15%	0.24%	0.15%
	FFIV	A	0.03%	0.03%	0.03%
	FI	A	0.25%	0.36%	0.25%
	FIS	B	0.1%	0.18%	0.1%
	FITB	A	0.08%	0.12%	0.08%
	FTV	D	0.07%	0.03%	0.03%
	GE	C	0.5%	0.33%	0.33%
	GEHC	F	0.08%	0.07%	0.07%
	GEN	A	0.03%	0.03%	0.03%
	GEV	B	0.22%	0.17%	0.17%
	GILD	C	0.25%	0.46%	0.25%
	GIS	F	0.1%	0.14%	0.1%
	GLW	C	0.08%	0.14%	0.08%
	GM	A	0.15%	0.23%	0.15%
	GOOGL	B	3.71%	1.93%	1.93%
	GPC	D	0.03%	0.04%	0.03%
	GS	B	0.46%	0.7%	0.46%
	HBAN	B	0.06%	0.09%	0.06%
	HD	B	0.76%	1.48%	0.76%
	HIG	C	0.08%	0.13%	0.08%
	HOLX	D	0.04%	0.07%	0.04%
	HPE	B	0.06%	0.1%	0.06%
	HPQ	B	0.07%	0.14%	0.07%
	HRL	F	0.03%	0.02%	0.02%
	HST	C	0.03%	0.05%	0.03%
	HSY	D	0.07%	0.04%	0.04%
	HUM	D	0.08%	0.13%	0.08%
	IBM	C	0.41%	0.73%	0.41%
	ICE	D	0.22%	0.27%	0.22%
	IFF	F	0.06%	0.09%	0.06%
	INCY	B	0.03%	0.02%	0.02%
	INTC	C	0.22%	0.42%	0.22%
	IPG	F	0.03%	0.04%	0.03%
	IQV	F	0.09%	0.05%	0.05%
	IRM	D	0.07%	0.06%	0.06%
	ITW	A	0.23%	0.3%	0.23%
	JBHT	B	0.04%	0.02%	0.02%
	JBL	C	0.03%	0.02%	0.02%
	JCI	A	0.15%	0.09%	0.09%
	JNPR	D	0.03%	0.05%	0.03%
	JPM	B	1.43%	2.52%	1.43%
	K	A	0.06%	0.08%	0.06%
	KDP	D	0.1%	0.09%	0.09%
	KEY	B	0.05%	0.07%	0.05%
	KEYS	C	0.08%	0.06%	0.06%
	KHC	F	0.08%	0.11%	0.08%
	KIM	A	0.04%	0.02%	0.02%
	KKR	B	0.25%	0.27%	0.25%
	KLAC	F	0.19%	0.21%	0.19%
	KMB	F	0.09%	0.11%	0.09%
	KMX	C	0.02%	0.02%	0.02%
	KO	F	0.57%	0.93%	0.57%
	KR	A	0.12%	0.15%	0.12%
	KVUE	B	0.09%	0.15%	0.09%
	LEN	D	0.1%	0.15%	0.1%
	LEN	D	0.1%	0.01%	0.01%
	LH	A	0.04%	0.08%	0.04%
	LIN	D	0.53%	0.69%	0.53%
	LKQ	D	0.02%	0.04%	0.02%
	LNT	C	0.04%	0.05%	0.04%
	LOW	B	0.29%	0.57%	0.29%
	LRCX	F	0.21%	0.24%	0.21%
	MAA	C	0.04%	0.04%	0.04%
	MAR	A	0.14%	0.2%	0.14%
	MAS	D	0.03%	0.04%	0.03%
	MCHP	F	0.08%	0.08%	0.08%
	MCO	C	0.16%	0.12%	0.12%
	MDLZ	F	0.25%	0.33%	0.25%
	MDT	D	0.26%	0.42%	0.26%
	MET	C	0.12%	0.18%	0.12%
	MKC	D	0.06%	0.03%	0.03%
	MMC	C	0.27%	0.3%	0.27%
	MOH	F	0.04%	0.03%	0.03%
	MOS	D	0.02%	0.03%	0.02%
	MRK	F	0.57%	0.61%	0.57%
	MRNA	F	0.04%	0.04%	0.04%
	MSI	B	0.16%	0.2%	0.16%
	MTB	B	0.09%	0.13%	0.09%
	MU	D	0.26%	0.47%	0.26%
	NDAQ	A	0.08%	0.07%	0.07%
	NEE	D	0.37%	0.57%	0.37%
	NI	A	0.04%	0.06%	0.04%
	NKE	F	0.18%	0.26%	0.18%
	NRG	B	0.05%	0.05%	0.05%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	A	0.05%	0.08%	0.05%
	NUE	C	0.22%	0.14%	0.14%
	NVR	D	0.06%	0.1%	0.06%
	O	D	0.12%	0.12%	0.12%
	OC	A	0.09%	0.06%	0.06%
	OMC	B	0.04%	0.08%	0.04%
	ON	F	0.06%	0.07%	0.06%
	ORCL	A	0.61%	0.8%	0.61%
	ORLY	A	0.14%	0.2%	0.14%
	OTIS	C	0.11%	0.06%	0.06%
	OXY	D	0.19%	0.12%	0.12%
	PAG	B	0.01%	0.01%	0.01%
	PCAR	B	0.17%	0.22%	0.17%
	PEG	C	0.1%	0.16%	0.1%
	PEP	D	0.55%	0.84%	0.55%
	PFE	F	0.34%	0.58%	0.34%
	PFG	C	0.05%	0.08%	0.05%
	PG	C	0.75%	1.44%	0.75%
	PGR	A	0.37%	0.26%	0.26%
	PH	A	0.25%	0.18%	0.18%
	PHM	D	0.06%	0.06%	0.06%
	PINS	F	0.04%	0.03%	0.03%
	PKG	B	0.06%	0.08%	0.06%
	PLD	D	0.25%	0.29%	0.25%
	PNC	B	0.2%	0.3%	0.2%
	PNR	A	0.05%	0.02%	0.02%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.08%	0.07%	0.07%
	PRU	B	0.11%	0.17%	0.11%
	PSA	C	0.12%	0.1%	0.1%
	PYPL	A	0.17%	0.31%	0.17%
	QCOM	F	0.4%	0.72%	0.4%
	QRVO	F	0.01%	0.01%	0.01%
	REG	A	0.03%	0.03%	0.03%
	REGN	F	0.19%	0.33%	0.19%
	RF	B	0.06%	0.09%	0.06%
	RGA	A	0.04%	0.05%	0.04%
	RJF	A	0.07%	0.04%	0.04%
	RNR	D	0.03%	0.05%	0.03%
	ROP	A	0.13%	0.12%	0.12%
	RPRX	F	0.02%	0.04%	0.02%
	RRX	C	0.03%	0.02%	0.02%
	RS	B	0.1%	0.07%	0.07%
	RSG	A	0.1%	0.11%	0.1%
	RVTY	C	0.03%	0.03%	0.03%
	SBUX	B	0.3%	0.27%	0.27%
	SCHW	A	0.28%	0.39%	0.28%
	SCI	B	0.03%	0.02%	0.02%
	SHW	A	0.24%	0.22%	0.22%
	SJM	F	0.03%	0.05%	0.03%
	SNA	A	0.05%	0.05%	0.05%
	SNX	C	0.02%	0.02%	0.02%
	SPG	B	0.14%	0.2%	0.14%
	SPGI	C	0.34%	0.34%	0.34%
	SRE	A	0.13%	0.21%	0.13%
	SSNC	C	0.03%	0.06%	0.03%
	STLD	B	0.12%	0.08%	0.08%
	STT	B	0.07%	0.11%	0.07%
	STX	D	0.05%	0.08%	0.05%
	SW	C	0.08%	0.1%	0.08%
	SWK	F	0.04%	0.03%	0.03%
	SWKS	F	0.03%	0.05%	0.03%
	SYF	B	0.07%	0.1%	0.07%
	SYK	A	0.29%	0.3%	0.29%
	T	A	0.33%	0.59%	0.33%
	TDY	A	0.06%	0.04%	0.04%
	TER	F	0.04%	0.03%	0.03%
	TFC	B	0.15%	0.23%	0.15%
	TFX	F	0.02%	0.02%	0.02%
	TGT	C	0.13%	0.26%	0.13%
	TJX	B	0.26%	0.36%	0.26%
	TMO	F	0.47%	0.68%	0.47%
	TMUS	A	0.24%	0.33%	0.24%
	TOL	C	0.04%	0.04%	0.04%
	TRMB	B	0.05%	0.02%	0.02%
	TROW	B	0.06%	0.1%	0.06%
	TRV	B	0.14%	0.12%	0.12%
	TSCO	C	0.06%	0.03%	0.03%
	TT	A	0.24%	0.16%	0.16%
	TXN	C	0.41%	0.74%	0.41%
	UDR	C	0.03%	0.02%	0.02%
	ULTA	C	0.04%	0.04%	0.04%
	UNH	B	1.14%	1.8%	1.14%
	UNM	A	0.03%	0.04%	0.03%
	UNP	C	0.35%	0.55%	0.35%
	UPS	C	0.23%	0.37%	0.23%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.2%	0.29%	0.2%
	USFD	A	0.04%	0.03%	0.03%
	UTHR	B	0.04%	0.06%	0.04%
	VLTO	C	0.05%	0.04%	0.04%
	VRTX	B	0.28%	0.26%	0.26%
	VTR	C	0.06%	0.06%	0.06%
	VZ	C	0.36%	0.64%	0.36%
	WAT	A	0.05%	0.03%	0.03%
	WBD	B	0.04%	0.08%	0.04%
	WDC	D	0.05%	0.09%	0.05%
	WEC	B	0.07%	0.11%	0.07%
	WELL	B	0.2%	0.2%	0.2%
	WFC	A	0.61%	0.89%	0.61%
	WM	A	0.21%	0.21%	0.21%
	WMT	A	0.71%	1.36%	0.71%
	WPC	F	0.03%	0.05%	0.03%
	WRB	B	0.04%	0.03%	0.03%
	WSM	F	0.03%	0.02%	0.02%
	WTRG	C	0.03%	0.03%	0.03%
	WTW	A	0.08%	0.06%	0.06%
	WY	F	0.04%	0.09%	0.04%
	XEL	A	0.09%	0.14%	0.09%
	XPO	B	0.04%	0.02%	0.02%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	A	0.04%	0.02%	0.02%
	ZM	B	0.04%	0.07%	0.04%
	ZTS	D	0.17%	0.17%	0.17%

CVLC Overweight 441 Positions Relative to ILCV

	Symbol	Grade	Weight
	NVDA	B	6.41%
	MSFT	C	5.74%
	AMZN	A	3.69%
	TSLA	B	1.65%
	LLY	F	1.32%
	V	A	1.07%
	MA	B	0.9%
	NFLX	A	0.7%
	CRM	B	0.6%
	AMD	F	0.49%
	ADBE	C	0.47%
	NOW	A	0.43%
	ISRG	A	0.4%
	INTU	A	0.37%
	UBER	F	0.31%
	PANW	A	0.26%
	ANET	C	0.23%
	CMG	B	0.22%
	VMC	B	0.21%
	EQIX	B	0.2%
	SNPS	B	0.18%
	CDNS	B	0.17%
	MRVL	B	0.16%
	CTAS	A	0.15%
	CRWD	B	0.15%
	ADSK	A	0.14%
	ABNB	C	0.13%
	HLT	A	0.13%
	IR	A	0.12%
	TTD	B	0.12%
	COIN	B	0.12%
	AME	A	0.12%
	VRT	B	0.12%
	YUM	B	0.11%
	SYY	B	0.11%
	AZO	C	0.11%
	CPRT	A	0.11%
	FTNT	B	0.11%
	FICO	B	0.11%
	MNST	B	0.11%
	PWR	B	0.11%
	WDAY	B	0.11%
	CSL	B	0.11%
	MSCI	B	0.1%
	WAB	A	0.1%
	PAYX	B	0.1%
	ODFL	B	0.1%
	GWW	B	0.1%
	EW	D	0.09%
	VRSK	A	0.09%
	A	F	0.09%
	IT	A	0.09%
	SQ	B	0.09%
	ROST	F	0.09%
	AXON	B	0.09%
	ROK	B	0.09%
	FAST	A	0.09%
	IDXX	D	0.08%
	MPWR	F	0.08%
	ALNY	D	0.08%
	ARES	B	0.08%
	SNOW	C	0.08%
	DDOG	B	0.08%
	RMD	C	0.08%
	XYL	D	0.08%
	LULU	C	0.07%
	APP	B	0.07%
	FCNCA	B	0.07%
	VEEV	B	0.07%
	CSGP	D	0.07%
	HUBB	B	0.07%
	EFX	D	0.07%
	HEI	B	0.07%
	TEAM	B	0.07%
	EME	B	0.06%
	RBLX	B	0.06%
	SBAC	D	0.06%
	LPLA	B	0.06%
	TTWO	A	0.06%
	CDW	F	0.06%
	BRO	A	0.06%
	NET	B	0.06%
	DXCM	C	0.06%
	ANSS	B	0.06%
	HUBS	B	0.06%
	MTD	F	0.06%
	DECK	B	0.05%
	PTC	B	0.05%
	IEX	B	0.05%
	STE	F	0.05%
	CHD	B	0.05%
	WSO	A	0.05%
	CBOE	D	0.05%
	CVNA	B	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%
	NVT	B	0.04%
	MANH	C	0.04%
	EWBC	B	0.04%
	TW	C	0.04%
	COHR	B	0.04%
	TXRH	A	0.04%
	FIX	B	0.04%
	PODD	B	0.04%
	PFGC	B	0.04%
	ZS	B	0.04%
	FSLR	F	0.04%
	ATI	D	0.04%
	CMC	B	0.04%
	SUI	D	0.04%
	SFM	B	0.04%
	NDSN	B	0.04%
	CW	B	0.04%
	FDS	A	0.04%
	GGG	B	0.04%
	MDB	C	0.04%
	LYV	B	0.04%
	DPZ	C	0.04%
	IBKR	A	0.04%
	TRU	D	0.04%
	WBS	A	0.03%
	DUOL	B	0.03%
	CUBE	D	0.03%
	SRPT	F	0.03%
	WAL	B	0.03%
	OKTA	C	0.03%
	DCI	A	0.03%
	SNAP	C	0.03%
	WING	D	0.03%
	DAY	C	0.03%
	FHN	A	0.03%
	AFRM	B	0.03%
	TOST	A	0.03%
	TECH	B	0.03%
	WWD	B	0.03%
	AYI	B	0.03%
	INGR	B	0.03%
	JKHY	C	0.03%
	NBIX	C	0.03%
	EVR	B	0.03%
	LBRDK	C	0.03%
	BMRN	F	0.03%
	LAMR	D	0.03%
	ALSN	A	0.03%
	AIT	A	0.03%
	SF	B	0.03%
	JEF	A	0.03%
	MLI	B	0.03%
	ARMK	B	0.03%
	EL	F	0.03%
	CHRW	A	0.03%
	JLL	C	0.03%
	TTEK	C	0.03%
	DT	C	0.03%
	SOFI	B	0.03%
	ROL	B	0.03%
	LW	C	0.03%
	WMS	F	0.03%
	BURL	C	0.03%
	OWL	B	0.03%
	CLH	B	0.03%
	ATR	A	0.03%
	NTNX	B	0.03%
	DOCU	B	0.03%
	GWRE	A	0.03%
	TWLO	A	0.03%
	LECO	C	0.03%
	SUM	C	0.03%
	VRSN	C	0.03%
	ITT	A	0.03%
	PSTG	D	0.03%
	FSS	C	0.02%
	SMAR	A	0.02%
	ITRI	B	0.02%
	MOD	C	0.02%
	VFC	C	0.02%
	MHK	D	0.02%
	HLNE	B	0.02%
	ALK	A	0.02%
	PARA	C	0.02%
	LNC	B	0.02%
	S	B	0.02%
	ESTC	C	0.02%
	CVLT	A	0.02%
	TREX	C	0.02%
	LSCC	D	0.02%
	BC	C	0.02%
	MTG	C	0.02%
	FCN	F	0.02%
	LSTR	B	0.02%
	PLNT	A	0.02%
	SAIC	C	0.02%
	BIO	C	0.02%
	GXO	B	0.02%
	MTH	D	0.02%
	WTS	B	0.02%
	R	A	0.02%
	RL	B	0.02%
	RHP	B	0.02%
	AXS	A	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%
	TPX	B	0.02%
	GKOS	A	0.02%
	RIVN	D	0.02%
	RYAN	A	0.02%
	STAG	D	0.02%
	FR	C	0.02%
	RGEN	C	0.02%
	HALO	B	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	C	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%
	MSA	D	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%
	WCC	B	0.02%
	HRB	D	0.02%
	ENPH	F	0.02%
	LAD	B	0.02%
	VMI	B	0.02%
	ROKU	C	0.02%
	MKSI	C	0.02%
	PCTY	A	0.02%
	PEN	B	0.02%
	HSIC	F	0.02%
	GTLS	A	0.02%
	NYT	C	0.02%
	VOYA	B	0.02%
	MEDP	C	0.02%
	CGNX	C	0.02%
	IVZ	C	0.02%
	FRPT	B	0.02%
	MORN	B	0.02%
	CIEN	B	0.02%
	SNV	B	0.02%
	BRX	A	0.02%
	FBIN	F	0.02%
	SSB	B	0.02%
	GMED	B	0.02%
	JXN	B	0.02%
	OSK	B	0.02%
	SEIC	A	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%
	MIDD	C	0.02%
	BERY	C	0.02%
	KNX	B	0.02%
	AAL	B	0.02%
	SSD	D	0.02%
	CBSH	A	0.02%
	ORI	A	0.02%
	ZION	B	0.02%
	DOX	C	0.02%
	FLS	B	0.02%
	CNM	D	0.02%
	APG	B	0.02%
	EXEL	B	0.02%
	EXAS	F	0.02%
	MKTX	C	0.02%
	EHC	A	0.02%
	TPR	B	0.02%
	REXR	F	0.02%
	FRT	C	0.02%
	CMA	A	0.02%
	PNFP	B	0.02%
	CTLT	D	0.02%
	SMCI	F	0.02%
	GPK	D	0.02%
	GL	B	0.02%
	AXTA	A	0.02%
	PRI	A	0.02%
	TTC	F	0.02%
	KNSL	C	0.02%
	PAYC	B	0.02%
	HLI	B	0.02%
	OHI	C	0.02%
	Z	B	0.02%
	COLM	B	0.01%
	CWEN	D	0.01%
	ALGM	F	0.01%
	APLS	F	0.01%
	TNET	D	0.01%
	PFSI	D	0.01%
	CACC	D	0.01%
	ZI	D	0.01%
	BOKF	B	0.01%
	CHWY	B	0.01%
	MSM	B	0.01%
	BBIO	F	0.01%
	CWAN	B	0.01%
	SIG	B	0.01%
	CHH	B	0.01%
	AN	C	0.01%
	M	D	0.01%
	OPCH	F	0.01%
	CDP	C	0.01%
	FIVE	F	0.01%
	EEFT	C	0.01%
	OGN	F	0.01%
	DLB	C	0.01%
	WMG	B	0.01%
	NSIT	F	0.01%
	RH	C	0.01%
	GAP	B	0.01%
	BCO	F	0.01%
	AVT	C	0.01%
	ABG	B	0.01%
	WTM	A	0.01%
	HOG	F	0.01%
	ATKR	D	0.01%
	TENB	C	0.01%
	LYFT	B	0.01%
	APPF	B	0.01%
	PSN	B	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%
	KD	A	0.01%
	CRUS	F	0.01%
	CROX	F	0.01%
	OLLI	C	0.01%
	IONS	F	0.01%
	MMS	D	0.01%
	POR	D	0.01%
	ASH	F	0.01%
	ETSY	C	0.01%
	FELE	A	0.01%
	DY	C	0.01%
	QLYS	B	0.01%
	VRNS	D	0.01%
	NXST	C	0.01%
	BECN	B	0.01%
	GME	C	0.01%
	UGI	D	0.01%
	FLO	F	0.01%
	SLGN	A	0.01%
	MAT	C	0.01%
	RDN	C	0.01%
	ALTR	C	0.01%
	LEA	F	0.01%
	ARW	F	0.01%
	AZEK	B	0.01%
	SLM	B	0.01%
	VNT	B	0.01%
	MMSI	B	0.01%
	IBP	F	0.01%
	OZK	B	0.01%
	RMBS	B	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%
	ANF	D	0.01%
	BRKR	F	0.01%
	FAF	C	0.01%
	NFG	C	0.01%
	BBWI	C	0.01%
	TRNO	D	0.01%
	THG	A	0.01%
	INSP	F	0.01%
	AL	B	0.01%
	DBX	B	0.01%
	BPMC	B	0.01%
	TPG	B	0.01%
	ST	F	0.01%
	G	B	0.01%
	TKR	F	0.01%
	SON	D	0.01%
	BILL	A	0.01%
	ELAN	D	0.01%
	HOMB	A	0.01%
	CELH	F	0.01%
	KBH	D	0.01%
	HXL	D	0.01%
	SPSC	D	0.01%
	JHG	B	0.01%
	STWD	D	0.01%
	IDA	A	0.01%
	KRG	B	0.01%
	ESNT	D	0.01%
	MTN	D	0.01%
	CWST	A	0.01%
	FNB	A	0.01%
	SIGI	B	0.01%
	H	B	0.01%
	COOP	B	0.01%
	EXLS	B	0.01%
	BFAM	F	0.01%
	LPX	B	0.01%
	JAZZ	B	0.01%
	SEE	C	0.01%
	GATX	A	0.01%
	LEVI	F	0.0%

CVLC Underweight 114 Positions Relative to ILCV

	Symbol	Grade	Weight
	BRK.A	B	-3.1%
	META	B	-2.1%
	XOM	B	-2.01%
	GOOG	B	-1.72%
	JNJ	D	-1.41%
	CVX	B	-0.99%
	PM	C	-0.72%
	MCD	C	-0.63%
	RTX	C	-0.6%
	MS	A	-0.6%
	BLK	B	-0.58%
	HON	B	-0.53%
	COP	C	-0.49%
	LMT	C	-0.44%
	BA	F	-0.42%
	CB	C	-0.39%
	SO	D	-0.35%
	MO	A	-0.34%
	DUK	D	-0.32%
	MMM	C	-0.28%
	GD	A	-0.28%
	NOC	C	-0.28%
	EOG	A	-0.27%
	CRH	B	-0.26%
	CSX	B	-0.26%
	FCX	F	-0.26%
	HCA	D	-0.25%
	WMB	B	-0.25%
	NXPI	F	-0.23%
	OKE	A	-0.23%
	NSC	B	-0.23%
	MCK	A	-0.21%
	KMI	B	-0.2%
	SLB	C	-0.2%
	MPC	D	-0.2%
	PSX	D	-0.2%
	AEP	D	-0.19%
	LHX	A	-0.18%
	FERG	B	-0.16%
	VLO	D	-0.16%
	ETR	B	-0.12%
	EIX	C	-0.12%
	FANG	D	-0.12%
	LNG	B	-0.12%
	VICI	D	-0.12%
	CAH	A	-0.11%
	UAL	B	-0.1%
	CTVA	C	-0.09%
	PPL	A	-0.09%
	CCL	A	-0.09%
	TRGP	B	-0.09%
	DVN	F	-0.09%
	ADM	F	-0.09%
	PCG	A	-0.09%
	IP	C	-0.08%
	FE	D	-0.08%
	ATO	A	-0.08%
	LYB	F	-0.08%
	TEL	B	-0.08%
	NEM	F	-0.08%
	STZ	D	-0.07%
	EXE	A	-0.07%
	MSTR	B	-0.07%
	CNP	B	-0.07%
	DD	D	-0.07%
	COR	A	-0.07%
	DOW	F	-0.07%
	FNF	C	-0.06%
	L	A	-0.06%
	LDOS	B	-0.06%
	CF	B	-0.06%
	RCL	A	-0.06%
	VTRS	B	-0.06%
	MRO	B	-0.06%
	THC	B	-0.06%
	VST	B	-0.06%
	GPN	B	-0.06%
	GLPI	D	-0.05%
	TAP	B	-0.04%
	FOXA	A	-0.04%
	SOLV	D	-0.04%
	LUV	B	-0.04%
	CPNG	B	-0.04%
	EXPE	B	-0.04%
	CTRA	B	-0.04%
	FLEX	B	-0.04%
	NWSA	B	-0.04%
	OVV	C	-0.04%
	GRMN	A	-0.04%
	BLDR	D	-0.04%
	HAL	C	-0.04%
	UHS	D	-0.03%
	DINO	D	-0.03%
	MKL	A	-0.03%
	APA	F	-0.03%
	EQT	B	-0.03%
	DKNG	B	-0.03%
	TSN	C	-0.03%
	AR	B	-0.03%
	TXT	C	-0.03%
	MGM	D	-0.02%
	FOX	A	-0.02%
	ALB	B	-0.02%
	RPM	A	-0.02%
	COO	D	-0.02%
	CPAY	A	-0.02%
	J	B	-0.02%
	SIRI	D	-0.02%
	WBA	D	-0.02%
	WLK	F	-0.01%
	HII	D	-0.01%
	NWS	B	-0.01%
	UHAL	C	-0.01%
	UHAL	C	-0.0%

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

ILCV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Oil & Gas E&P Asset Management Semiconductors Specialty Chemicals Banks - Regional - US Insurance - Property & Casualty Specialty Retail Business Services Diagnostics & Research Drug Manufacturers - Major Packaged Foods Aerospace & Defense Health Care Plans REIT - Residential Utilities - Diversified Biotechnology Capital Markets Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Electricity Dow Jones Component Electronics Computing Real Estate Investment Trust Aerospace Chemical Bank Insurance Products Banking Medicine Semiconductor Petroleum Industry Telecommunications Beverage Disability