CVLC vs. IUS ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Invesco Strategic US ETF (IUS)

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

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.24

Average Daily Volume

54,135

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	IUS
30 Days	2.84%	1.47%
60 Days	6.31%	4.62%
90 Days	8.19%	5.91%
12 Months	34.19%	27.11%

388 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in IUS	Overlap
	A	F	0.09%	0.06%	0.06%
	AAL	B	0.02%	0.02%	0.02%
	AAPL	C	6.29%	4.79%	4.79%
	ABBV	F	0.79%	0.77%	0.77%
	ABG	B	0.01%	0.04%	0.01%
	ABNB	C	0.13%	0.13%	0.13%
	ABT	C	0.45%	0.39%	0.39%
	ACGL	C	0.09%	0.11%	0.09%
	ACI	C	0.02%	0.12%	0.02%
	ACM	B	0.04%	0.06%	0.04%
	ACN	B	0.47%	0.47%	0.47%
	ADBE	C	0.47%	0.27%	0.27%
	ADP	A	0.26%	0.17%	0.17%
	ADSK	B	0.14%	0.07%	0.07%
	AES	F	0.02%	0.05%	0.02%
	AFG	A	0.02%	0.05%	0.02%
	AGCO	F	0.02%	0.04%	0.02%
	AKAM	F	0.03%	0.05%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	B	0.12%	0.25%	0.12%
	ALV	C	0.02%	0.03%	0.02%
	AMAT	F	0.32%	0.22%	0.22%
	AMCR	D	0.04%	0.07%	0.04%
	AMD	F	0.49%	0.21%	0.21%
	AME	A	0.12%	0.06%	0.06%
	AMG	B	0.01%	0.04%	0.01%
	AMGN	F	0.38%	0.26%	0.26%
	AMZN	A	3.69%	2.07%	2.07%
	AN	C	0.01%	0.05%	0.01%
	ANET	C	0.23%	0.05%	0.05%
	ANSS	B	0.06%	0.03%	0.03%
	AON	B	0.2%	0.16%	0.16%
	AOS	F	0.03%	0.02%	0.02%
	APD	B	0.19%	0.14%	0.14%
	APH	B	0.24%	0.09%	0.09%
	APP	B	0.07%	0.05%	0.05%
	APTV	F	0.03%	0.06%	0.03%
	ARMK	B	0.03%	0.05%	0.03%
	ARW	F	0.01%	0.08%	0.01%
	ATKR	C	0.01%	0.02%	0.01%
	AVGO	C	1.65%	0.8%	0.8%
	AVT	C	0.01%	0.06%	0.01%
	AVTR	F	0.03%	0.03%	0.03%
	AVY	F	0.04%	0.03%	0.03%
	AXP	B	0.41%	0.52%	0.41%
	AZO	B	0.11%	0.13%	0.11%
	BAH	C	0.05%	0.04%	0.04%
	BALL	D	0.05%	0.05%	0.05%
	BAX	F	0.04%	0.07%	0.04%
	BBY	C	0.04%	0.15%	0.04%
	BC	D	0.02%	0.03%	0.02%
	BCC	B	0.01%	0.03%	0.01%
	BDX	F	0.15%	0.16%	0.15%
	BECN	B	0.01%	0.04%	0.01%
	BEN	C	0.01%	0.03%	0.01%
	BERY	D	0.02%	0.06%	0.02%
	BG	D	0.03%	0.13%	0.03%
	BIIB	F	0.06%	0.06%	0.06%
	BJ	B	0.02%	0.05%	0.02%
	BKNG	A	0.35%	0.41%	0.35%
	BKR	B	0.23%	0.16%	0.16%
	BMY	B	0.25%	0.63%	0.25%
	BR	A	0.05%	0.04%	0.04%
	BRO	B	0.06%	0.03%	0.03%
	BSX	A	0.28%	0.11%	0.11%
	BURL	C	0.03%	0.04%	0.03%
	BWA	B	0.02%	0.06%	0.02%
	BX	A	0.31%	0.24%	0.24%
	CAG	F	0.04%	0.07%	0.04%
	CARR	C	0.18%	0.11%	0.11%
	CASY	B	0.04%	0.05%	0.04%
	CAT	B	0.53%	0.46%	0.46%
	CBOE	D	0.05%	0.04%	0.04%
	CBRE	B	0.1%	0.14%	0.1%
	CCK	D	0.03%	0.05%	0.03%
	CDNS	B	0.17%	0.05%	0.05%
	CDW	F	0.06%	0.06%	0.06%
	CE	F	0.03%	0.03%	0.03%
	CEG	D	0.18%	0.04%	0.04%
	CHD	A	0.05%	0.04%	0.04%
	CHRW	A	0.03%	0.08%	0.03%
	CHTR	B	0.08%	0.34%	0.08%
	CI	D	0.19%	0.64%	0.19%
	CINF	A	0.06%	0.09%	0.06%
	CL	F	0.15%	0.13%	0.13%
	CLX	A	0.04%	0.04%	0.04%
	CMC	B	0.04%	0.04%	0.04%
	CMCSA	B	0.36%	1.14%	0.36%
	CMG	B	0.22%	0.05%	0.05%
	CMI	A	0.13%	0.16%	0.13%
	CMS	D	0.05%	0.07%	0.05%
	CNC	F	0.07%	0.36%	0.07%
	CNM	D	0.02%	0.02%	0.02%
	COHR	C	0.04%	0.04%	0.04%
	COST	B	0.79%	0.72%	0.72%
	CPB	F	0.03%	0.03%	0.03%
	CPRT	A	0.11%	0.03%	0.03%
	CRM	B	0.6%	0.48%	0.48%
	CSCO	A	0.48%	0.74%	0.48%
	CSGP	F	0.07%	0.02%	0.02%
	CSL	B	0.11%	0.05%	0.05%
	CTAS	B	0.15%	0.06%	0.06%
	CTSH	A	0.08%	0.14%	0.08%
	CVS	F	0.17%	1.01%	0.17%
	DAL	A	0.09%	0.05%	0.05%
	DAR	B	0.02%	0.03%	0.02%
	DE	D	0.29%	0.38%	0.29%
	DECK	B	0.05%	0.03%	0.03%
	DELL	C	0.08%	0.23%	0.08%
	DG	F	0.03%	0.08%	0.03%
	DGX	B	0.04%	0.07%	0.04%
	DHI	D	0.12%	0.18%	0.12%
	DHR	F	0.36%	0.23%	0.23%
	DIS	B	0.39%	0.49%	0.39%
	DKS	D	0.02%	0.06%	0.02%
	DLTR	F	0.03%	0.06%	0.03%
	DOV	A	0.08%	0.05%	0.05%
	DOX	C	0.02%	0.04%	0.02%
	DRI	B	0.06%	0.06%	0.06%
	DTE	D	0.06%	0.1%	0.06%
	DVA	C	0.02%	0.05%	0.02%
	DXCM	C	0.06%	0.02%	0.02%
	EA	A	0.08%	0.1%	0.08%
	EBAY	C	0.06%	0.13%	0.06%
	ECL	C	0.17%	0.08%	0.08%
	ED	D	0.08%	0.15%	0.08%
	EFX	F	0.07%	0.04%	0.04%
	EG	D	0.04%	0.09%	0.04%
	EL	F	0.03%	0.04%	0.03%
	ELAN	C	0.01%	0.02%	0.01%
	ELV	F	0.22%	0.41%	0.22%
	EME	B	0.06%	0.05%	0.05%
	EMN	D	0.03%	0.05%	0.03%
	EMR	A	0.2%	0.14%	0.14%
	EQIX	B	0.2%	0.1%	0.1%
	ETN	B	0.4%	0.15%	0.15%
	EW	F	0.09%	0.04%	0.04%
	EXC	C	0.09%	0.18%	0.09%
	EXPD	C	0.04%	0.08%	0.04%
	F	C	0.1%	0.55%	0.1%
	FAF	C	0.01%	0.04%	0.01%
	FAST	B	0.09%	0.06%	0.06%
	FBIN	F	0.02%	0.04%	0.02%
	FDX	B	0.15%	0.36%	0.15%
	FFIV	B	0.03%	0.04%	0.03%
	FI	A	0.25%	0.34%	0.25%
	FSLR	F	0.04%	0.03%	0.03%
	FTNT	B	0.11%	0.06%	0.06%
	FTV	C	0.07%	0.06%	0.06%
	GAP	B	0.01%	0.03%	0.01%
	GE	D	0.5%	0.41%	0.41%
	GEHC	D	0.08%	0.07%	0.07%
	GEN	B	0.03%	0.04%	0.03%
	GILD	B	0.25%	0.4%	0.25%
	GIS	F	0.1%	0.14%	0.1%
	GLW	B	0.08%	0.13%	0.08%
	GM	B	0.15%	0.96%	0.15%
	GOOGL	C	3.71%	3.6%	3.6%
	GPC	D	0.03%	0.06%	0.03%
	GPK	D	0.02%	0.04%	0.02%
	GWW	B	0.1%	0.08%	0.08%
	GXO	B	0.02%	0.03%	0.02%
	H	B	0.01%	0.04%	0.01%
	HAS	D	0.02%	0.03%	0.02%
	HD	B	0.76%	0.91%	0.76%
	HIG	C	0.08%	0.17%	0.08%
	HLT	A	0.13%	0.09%	0.09%
	HOG	D	0.01%	0.03%	0.01%
	HOLX	D	0.04%	0.05%	0.04%
	HPE	B	0.06%	0.2%	0.06%
	HPQ	B	0.07%	0.18%	0.07%
	HRB	D	0.02%	0.03%	0.02%
	HRL	F	0.03%	0.06%	0.03%
	HSIC	F	0.02%	0.04%	0.02%
	HST	D	0.03%	0.04%	0.03%
	HSY	F	0.07%	0.07%	0.07%
	HUBB	C	0.07%	0.03%	0.03%
	HUM	D	0.08%	0.23%	0.08%
	IBM	D	0.41%	0.53%	0.41%
	IFF	F	0.06%	0.08%	0.06%
	ILMN	C	0.05%	0.04%	0.04%
	INGR	B	0.03%	0.04%	0.03%
	INTC	C	0.22%	0.41%	0.22%
	INTU	A	0.37%	0.18%	0.18%
	IPG	F	0.03%	0.05%	0.03%
	IQV	F	0.09%	0.08%	0.08%
	IR	A	0.12%	0.06%	0.06%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.4%	0.12%	0.12%
	IT	B	0.09%	0.04%	0.04%
	ITW	B	0.23%	0.14%	0.14%
	JAZZ	B	0.01%	0.03%	0.01%
	JBHT	C	0.04%	0.05%	0.04%
	JBL	C	0.03%	0.11%	0.03%
	JCI	A	0.15%	0.15%	0.15%
	JHG	A	0.01%	0.03%	0.01%
	JLL	C	0.03%	0.07%	0.03%
	JNPR	D	0.03%	0.05%	0.03%
	K	A	0.06%	0.08%	0.06%
	KBH	D	0.01%	0.04%	0.01%
	KD	A	0.01%	0.03%	0.01%
	KDP	C	0.1%	0.12%	0.1%
	KEYS	C	0.08%	0.05%	0.05%
	KHC	F	0.08%	0.24%	0.08%
	KLAC	F	0.19%	0.11%	0.11%
	KMB	D	0.09%	0.11%	0.09%
	KMX	B	0.02%	0.07%	0.02%
	KNX	C	0.02%	0.05%	0.02%
	KO	F	0.57%	0.46%	0.46%
	KR	A	0.12%	0.37%	0.12%
	LAD	B	0.02%	0.08%	0.02%
	LBRDK	C	0.03%	0.07%	0.03%
	LEA	F	0.01%	0.05%	0.01%
	LEN	D	0.1%	0.21%	0.1%
	LH	B	0.04%	0.09%	0.04%
	LIN	D	0.53%	0.4%	0.4%
	LKQ	C	0.02%	0.05%	0.02%
	LLY	F	1.32%	0.24%	0.24%
	LOW	B	0.29%	0.49%	0.29%
	LPLA	A	0.06%	0.06%	0.06%
	LRCX	F	0.21%	0.15%	0.15%
	LULU	B	0.07%	0.05%	0.05%
	LYV	A	0.04%	0.04%	0.04%
	M	C	0.01%	0.05%	0.01%
	MA	B	0.9%	0.45%	0.45%
	MAR	A	0.14%	0.15%	0.14%
	MAS	D	0.03%	0.04%	0.03%
	MCHP	F	0.08%	0.08%	0.08%
	MCO	C	0.16%	0.07%	0.07%
	MDLZ	F	0.25%	0.24%	0.24%
	MDT	D	0.26%	0.37%	0.26%
	MHK	D	0.02%	0.05%	0.02%
	MKC	D	0.06%	0.05%	0.05%
	MMC	D	0.27%	0.17%	0.17%
	MNST	B	0.11%	0.05%	0.05%
	MOH	F	0.04%	0.08%	0.04%
	MOS	D	0.02%	0.1%	0.02%
	MRK	F	0.57%	0.42%	0.42%
	MRNA	F	0.04%	0.03%	0.03%
	MRVL	B	0.16%	0.09%	0.09%
	MSCI	B	0.1%	0.04%	0.04%
	MSFT	C	5.74%	2.71%	2.71%
	MSI	B	0.16%	0.08%	0.08%
	MTD	F	0.06%	0.03%	0.03%
	MTH	D	0.02%	0.03%	0.02%
	MTN	C	0.01%	0.02%	0.01%
	MU	D	0.26%	0.19%	0.19%
	NDAQ	B	0.08%	0.05%	0.05%
	NFG	D	0.01%	0.03%	0.01%
	NFLX	A	0.7%	0.3%	0.3%
	NKE	F	0.18%	0.27%	0.18%
	NOW	A	0.43%	0.1%	0.1%
	NRG	C	0.05%	0.07%	0.05%
	NSIT	F	0.01%	0.03%	0.01%
	NTAP	D	0.05%	0.06%	0.05%
	NUE	D	0.22%	0.21%	0.21%
	NVDA	A	6.41%	0.95%	0.95%
	NVR	D	0.06%	0.08%	0.06%
	NXST	C	0.01%	0.04%	0.01%
	OC	A	0.09%	0.07%	0.07%
	ODFL	B	0.1%	0.05%	0.05%
	OMC	A	0.04%	0.07%	0.04%
	OMF	A	0.02%	0.06%	0.02%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.61%	0.32%	0.32%
	ORI	A	0.02%	0.06%	0.02%
	ORLY	A	0.14%	0.13%	0.13%
	OSK	B	0.02%	0.03%	0.02%
	OTIS	D	0.11%	0.05%	0.05%
	OXY	F	0.19%	0.28%	0.19%
	PANW	B	0.26%	0.06%	0.06%
	PARA	B	0.02%	0.11%	0.02%
	PAYX	B	0.1%	0.06%	0.06%
	PCAR	B	0.17%	0.17%	0.17%
	PEP	D	0.55%	0.44%	0.44%
	PFE	F	0.34%	0.7%	0.34%
	PFGC	B	0.04%	0.12%	0.04%
	PG	C	0.75%	0.74%	0.74%
	PGR	A	0.37%	0.3%	0.3%
	PH	A	0.25%	0.13%	0.13%
	PHM	D	0.06%	0.11%	0.06%
	PINS	F	0.04%	0.02%	0.02%
	PKG	B	0.06%	0.07%	0.06%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.08%	0.08%	0.08%
	PSA	D	0.12%	0.14%	0.12%
	PVH	C	0.01%	0.04%	0.01%
	PWR	B	0.11%	0.08%	0.08%
	PYPL	A	0.17%	0.32%	0.17%
	QCOM	F	0.4%	0.32%	0.32%
	QRVO	F	0.01%	0.03%	0.01%
	R	B	0.02%	0.07%	0.02%
	REGN	F	0.19%	0.16%	0.16%
	RGA	A	0.04%	0.1%	0.04%
	RH	C	0.01%	0.04%	0.01%
	RHI	B	0.02%	0.03%	0.02%
	RL	B	0.02%	0.04%	0.02%
	RMD	C	0.08%	0.04%	0.04%
	RNR	D	0.03%	0.06%	0.03%
	ROK	B	0.09%	0.05%	0.05%
	ROP	A	0.13%	0.07%	0.07%
	ROST	D	0.09%	0.11%	0.09%
	RRX	B	0.03%	0.04%	0.03%
	RS	C	0.1%	0.08%	0.08%
	RSG	B	0.1%	0.07%	0.07%
	SAIC	D	0.02%	0.03%	0.02%
	SBAC	D	0.06%	0.04%	0.04%
	SBUX	B	0.3%	0.21%	0.21%
	SCI	B	0.03%	0.04%	0.03%
	SHW	A	0.24%	0.14%	0.14%
	SIG	B	0.01%	0.03%	0.01%
	SJM	F	0.03%	0.07%	0.03%
	SKX	F	0.02%	0.03%	0.02%
	SNA	A	0.05%	0.05%	0.05%
	SNOW	C	0.08%	0.03%	0.03%
	SNPS	C	0.18%	0.06%	0.06%
	SNX	C	0.02%	0.12%	0.02%
	SON	F	0.01%	0.02%	0.01%
	SQ	B	0.09%	0.09%	0.09%
	SSNC	C	0.03%	0.05%	0.03%
	STE	D	0.05%	0.04%	0.04%
	STLD	C	0.12%	0.13%	0.12%
	STX	D	0.05%	0.04%	0.04%
	SW	B	0.08%	0.08%	0.08%
	SWK	F	0.04%	0.08%	0.04%
	SWKS	F	0.03%	0.05%	0.03%
	SYK	A	0.29%	0.15%	0.15%
	SYY	D	0.11%	0.19%	0.11%
	T	A	0.33%	1.33%	0.33%
	TDY	B	0.06%	0.05%	0.05%
	TER	F	0.04%	0.02%	0.02%
	TGT	C	0.13%	0.31%	0.13%
	THO	B	0.01%	0.04%	0.01%
	TJX	A	0.26%	0.27%	0.26%
	TMHC	B	0.02%	0.05%	0.02%
	TMO	F	0.47%	0.34%	0.34%
	TMUS	A	0.24%	0.39%	0.24%
	TNET	C	0.01%	0.02%	0.01%
	TOL	B	0.04%	0.07%	0.04%
	TPG	B	0.01%	0.05%	0.01%
	TPR	A	0.02%	0.06%	0.02%
	TROW	A	0.06%	0.08%	0.06%
	TRV	B	0.14%	0.28%	0.14%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.65%	0.52%	0.52%
	TT	B	0.24%	0.12%	0.12%
	TTWO	A	0.06%	0.04%	0.04%
	TW	B	0.04%	0.03%	0.03%
	TWLO	B	0.03%	0.06%	0.03%
	TXN	B	0.41%	0.28%	0.28%
	UBER	F	0.31%	0.12%	0.12%
	UFPI	B	0.02%	0.03%	0.02%
	UGI	D	0.01%	0.04%	0.01%
	ULTA	C	0.04%	0.06%	0.04%
	UNH	B	1.14%	1.52%	1.14%
	UNP	D	0.35%	0.26%	0.26%
	UPS	C	0.23%	0.44%	0.23%
	URI	B	0.16%	0.14%	0.14%
	USFD	B	0.04%	0.1%	0.04%
	UTHR	B	0.04%	0.04%	0.04%
	V	A	1.07%	0.72%	0.72%
	VFC	C	0.02%	0.06%	0.02%
	VMC	B	0.21%	0.06%	0.06%
	VRSK	A	0.09%	0.08%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRTX	B	0.28%	0.12%	0.12%
	VZ	D	0.36%	1.13%	0.36%
	WAB	B	0.1%	0.07%	0.07%
	WBD	B	0.04%	0.24%	0.04%
	WCC	B	0.02%	0.05%	0.02%
	WDAY	B	0.11%	0.05%	0.05%
	WDC	D	0.05%	0.04%	0.04%
	WHR	B	0.01%	0.07%	0.01%
	WM	A	0.21%	0.16%	0.16%
	WMT	A	0.71%	1.27%	0.71%
	WRB	B	0.04%	0.07%	0.04%
	WSC	F	0.02%	0.03%	0.02%
	WSM	F	0.03%	0.04%	0.03%
	WSO	B	0.05%	0.03%	0.03%
	WST	B	0.05%	0.03%	0.03%
	WTW	A	0.08%	0.1%	0.08%
	WY	F	0.04%	0.07%	0.04%
	XEL	A	0.09%	0.17%	0.09%
	XYL	F	0.08%	0.04%	0.04%
	YUM	B	0.11%	0.03%	0.03%
	ZBH	C	0.05%	0.07%	0.05%
	ZM	B	0.04%	0.05%	0.04%
	ZTS	D	0.17%	0.09%	0.09%

CVLC Overweight 379 Positions Relative to IUS

	Symbol	Grade	Weight
	JPM	A	1.43%
	BAC	A	0.72%
	WFC	A	0.61%
	GS	B	0.46%
	NEE	D	0.37%
	SPGI	C	0.34%
	C	B	0.32%
	SCHW	B	0.28%
	KKR	B	0.25%
	PLD	D	0.25%
	ADI	D	0.23%
	ICE	C	0.22%
	AMT	F	0.22%
	GEV	B	0.22%
	CME	B	0.2%
	USB	B	0.2%
	WELL	B	0.2%
	PNC	B	0.2%
	COF	B	0.18%
	APO	B	0.16%
	CRWD	B	0.15%
	TFC	B	0.15%
	SPG	A	0.14%
	AMP	A	0.14%
	DLR	C	0.14%
	AJG	A	0.14%
	BK	B	0.14%
	AFL	C	0.13%
	SRE	B	0.13%
	D	D	0.12%
	TTD	B	0.12%
	COIN	B	0.12%
	O	D	0.12%
	MET	C	0.12%
	AIG	B	0.12%
	VRT	B	0.12%
	CCI	F	0.11%
	FICO	B	0.11%
	PRU	B	0.11%
	DFS	B	0.11%
	FIS	B	0.1%
	PEG	C	0.1%
	KVUE	A	0.09%
	MTB	A	0.09%
	AXON	B	0.09%
	IDXX	F	0.08%
	MPWR	F	0.08%
	AVB	B	0.08%
	ALNY	D	0.08%
	FITB	A	0.08%
	ARES	B	0.08%
	DDOG	B	0.08%
	EXR	D	0.08%
	SYF	B	0.07%
	FCNCA	B	0.07%
	VEEV	B	0.07%
	STT	B	0.07%
	WEC	B	0.07%
	RJF	A	0.07%
	HEI	A	0.07%
	TEAM	B	0.07%
	RBLX	B	0.06%
	AEE	B	0.06%
	NET	B	0.06%
	RF	A	0.06%
	HUBS	B	0.06%
	HBAN	A	0.06%
	AWK	D	0.06%
	VTR	C	0.06%
	EQR	C	0.06%
	ESS	C	0.05%
	KEY	B	0.05%
	PNR	A	0.05%
	ARE	F	0.05%
	PFG	C	0.05%
	TRMB	B	0.05%
	PTC	B	0.05%
	IEX	B	0.05%
	WAT	B	0.05%
	VLTO	D	0.05%
	CVNA	B	0.05%
	NTRS	A	0.05%
	ES	D	0.05%
	CFG	B	0.05%
	TYL	B	0.05%
	LII	B	0.05%
	SAIA	B	0.04%
	NVT	C	0.04%
	LNT	C	0.04%
	MANH	C	0.04%
	EWBC	B	0.04%
	TXRH	A	0.04%
	FIX	B	0.04%
	PODD	B	0.04%
	ZS	B	0.04%
	DOC	C	0.04%
	NI	A	0.04%
	KIM	A	0.04%
	ATI	F	0.04%
	SUI	F	0.04%
	SFM	B	0.04%
	EQH	B	0.04%
	NDSN	B	0.04%
	CW	C	0.04%
	FDS	A	0.04%
	XPO	B	0.04%
	GGG	B	0.04%
	MDB	C	0.04%
	ZBRA	B	0.04%
	DPZ	C	0.04%
	MAA	C	0.04%
	IBKR	A	0.04%
	TRU	D	0.04%
	WBS	A	0.03%
	DUOL	A	0.03%
	CUBE	D	0.03%
	SRPT	F	0.03%
	ALLY	C	0.03%
	WAL	B	0.03%
	OKTA	C	0.03%
	DCI	A	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%
	TOST	A	0.03%
	TECH	D	0.03%
	WTRG	C	0.03%
	BLD	F	0.03%
	WWD	B	0.03%
	AYI	A	0.03%
	JKHY	C	0.03%
	NBIX	C	0.03%
	EVR	B	0.03%
	CG	B	0.03%
	BMRN	F	0.03%
	LAMR	D	0.03%
	ALSN	B	0.03%
	AIT	A	0.03%
	SF	A	0.03%
	JEF	B	0.03%
	MLI	B	0.03%
	WPC	F	0.03%
	ELS	B	0.03%
	CPT	C	0.03%
	TTEK	F	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%
	OWL	B	0.03%
	CLH	B	0.03%
	ATR	A	0.03%
	REG	A	0.03%
	UNM	A	0.03%
	NTNX	B	0.03%
	DOCU	B	0.03%
	GWRE	A	0.03%
	LECO	C	0.03%
	ENTG	F	0.03%
	SUM	B	0.03%
	EVRG	A	0.03%
	ALLE	D	0.03%
	RVTY	C	0.03%
	ITT	A	0.03%
	INCY	B	0.03%
	UDR	C	0.03%
	PSTG	D	0.03%
	FSS	C	0.02%
	SMAR	A	0.02%
	ITRI	B	0.02%
	MOD	D	0.02%
	HLNE	B	0.02%
	ALK	A	0.02%
	LNC	B	0.02%
	S	B	0.02%
	ESTC	C	0.02%
	CVLT	B	0.02%
	TREX	C	0.02%
	LSCC	D	0.02%
	MTG	C	0.02%
	FCN	F	0.02%
	LSTR	B	0.02%
	PLNT	A	0.02%
	BIO	C	0.02%
	WTS	B	0.02%
	RHP	B	0.02%
	AXS	A	0.02%
	WEX	D	0.02%
	WH	A	0.02%
	BCPC	B	0.02%
	TPX	B	0.02%
	GKOS	B	0.02%
	RIVN	F	0.02%
	RYAN	B	0.02%
	STAG	D	0.02%
	FR	D	0.02%
	RGEN	C	0.02%
	HALO	C	0.02%
	OLED	F	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%
	HQY	B	0.02%
	ENSG	C	0.02%
	LFUS	D	0.02%
	CBT	C	0.02%
	MOG.A	B	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%
	ENPH	F	0.02%
	VMI	B	0.02%
	ROKU	C	0.02%
	MKSI	C	0.02%
	PCTY	B	0.02%
	PEN	C	0.02%
	GTLS	B	0.02%
	NYT	C	0.02%
	VOYA	B	0.02%
	MEDP	D	0.02%
	CGNX	C	0.02%
	IVZ	B	0.02%
	FRPT	B	0.02%
	MORN	B	0.02%
	CIEN	B	0.02%
	SNV	B	0.02%
	BRX	A	0.02%
	SSB	B	0.02%
	GMED	B	0.02%
	JXN	C	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%
	TFX	F	0.02%
	MIDD	D	0.02%
	SSD	F	0.02%
	CBSH	A	0.02%
	ZION	B	0.02%
	FLS	B	0.02%
	APG	C	0.02%
	EXEL	B	0.02%
	EXAS	F	0.02%
	MKTX	C	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%
	EPAM	B	0.02%
	CTLT	D	0.02%
	SMCI	F	0.02%
	GL	B	0.02%
	AXTA	A	0.02%
	PRI	B	0.02%
	TTC	F	0.02%
	CRL	C	0.02%
	KNSL	C	0.02%
	PAYC	B	0.02%
	HLI	B	0.02%
	OHI	C	0.02%
	Z	B	0.02%
	COTY	D	0.01%
	COLM	B	0.01%
	PAG	B	0.01%
	CWEN	D	0.01%
	AGR	C	0.01%
	ALGM	F	0.01%
	APLS	F	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%
	CHH	B	0.01%
	OPCH	F	0.01%
	CDP	C	0.01%
	FIVE	F	0.01%
	EEFT	C	0.01%
	OGN	F	0.01%
	DLB	D	0.01%
	WMG	B	0.01%
	BCO	F	0.01%
	WTM	A	0.01%
	TENB	C	0.01%
	LYFT	B	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%
	ELF	C	0.01%
	ZWS	B	0.01%
	EXPO	D	0.01%
	CRUS	F	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%
	GME	C	0.01%
	FLO	F	0.01%
	SLGN	B	0.01%
	MAT	C	0.01%
	RDN	C	0.01%
	ALTR	C	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%
	SITE	D	0.01%
	CFLT	B	0.01%
	EPRT	C	0.01%
	ANF	C	0.01%
	BRKR	F	0.01%
	BBWI	C	0.01%
	TRNO	F	0.01%
	THG	A	0.01%
	INSP	F	0.01%
	AL	B	0.01%
	DBX	B	0.01%
	BPMC	C	0.01%
	ST	F	0.01%
	G	B	0.01%
	TKR	F	0.01%
	BILL	B	0.01%
	HOMB	A	0.01%
	CELH	F	0.01%
	HXL	F	0.01%
	SPSC	F	0.01%
	STWD	C	0.01%
	IDA	A	0.01%
	KRG	B	0.01%
	ESNT	D	0.01%
	CWST	B	0.01%
	FNB	B	0.01%
	SIGI	B	0.01%
	COOP	B	0.01%
	EXLS	B	0.01%
	BFAM	F	0.01%
	LPX	A	0.01%
	SEE	C	0.01%
	GATX	B	0.01%
	LEVI	F	0.0%

CVLC Underweight 157 Positions Relative to IUS

	Symbol	Grade	Weight
	BRK.A	B	-2.86%
	XOM	B	-2.43%
	META	B	-2.27%
	CVX	A	-1.63%
	JNJ	D	-0.94%
	RTX	D	-0.67%
	COP	C	-0.67%
	MPC	D	-0.62%
	MCK	B	-0.54%
	LMT	D	-0.49%
	CAH	B	-0.46%
	PSX	C	-0.44%
	COR	B	-0.44%
	VLO	C	-0.44%
	CB	C	-0.43%
	LUMN	C	-0.43%
	PM	B	-0.38%
	MO	A	-0.34%
	EOG	A	-0.32%
	MCD	C	-0.3%
	HON	B	-0.29%
	ADM	F	-0.28%
	MMM	C	-0.27%
	KMI	B	-0.26%
	HCA	D	-0.25%
	CSX	B	-0.22%
	NOC	D	-0.22%
	LNG	B	-0.22%
	GD	C	-0.2%
	DOW	F	-0.2%
	SLB	C	-0.17%
	TSN	B	-0.17%
	NSC	B	-0.16%
	OKE	A	-0.16%
	CTVA	C	-0.15%
	NEM	F	-0.15%
	VST	B	-0.15%
	FOXA	A	-0.15%
	LHX	B	-0.15%
	DD	D	-0.15%
	FANG	C	-0.15%
	FCX	F	-0.14%
	IP	B	-0.14%
	MRO	B	-0.14%
	WBA	D	-0.14%
	DVN	F	-0.13%
	BLDR	C	-0.13%
	TRGP	B	-0.13%
	VTRS	B	-0.13%
	EXPE	B	-0.13%
	LYB	F	-0.13%
	BA	F	-0.12%
	FLEX	B	-0.11%
	UNFI	B	-0.11%
	CCL	B	-0.11%
	SNEX	B	-0.11%
	CTRA	B	-0.11%
	RCL	A	-0.1%
	X	D	-0.1%
	MELI	D	-0.1%
	STZ	D	-0.1%
	FE	D	-0.09%
	DINO	D	-0.09%
	HAL	C	-0.09%
	MKL	A	-0.09%
	WKC	C	-0.09%
	PPL	A	-0.09%
	CNP	B	-0.09%
	CF	B	-0.09%
	TX	F	-0.08%
	HES	B	-0.08%
	THC	B	-0.08%
	DXC	B	-0.08%
	EQT	B	-0.08%
	OVV	C	-0.08%
	TAP	B	-0.08%
	ZIM	B	-0.08%
	WCN	A	-0.07%
	LDOS	C	-0.07%
	CAR	C	-0.07%
	UAL	A	-0.07%
	TXT	D	-0.07%
	UHS	D	-0.07%
	MGM	D	-0.07%
	CLF	F	-0.06%
	PBF	F	-0.06%
	APA	F	-0.06%
	CPNG	B	-0.06%
	LVS	C	-0.06%
	NWSA	B	-0.06%
	SATS	D	-0.06%
	J	D	-0.06%
	DASH	A	-0.06%
	BTU	C	-0.05%
	TDS	C	-0.05%
	BFH	B	-0.05%
	HWM	B	-0.05%
	GDDY	B	-0.05%
	CNX	B	-0.05%
	ALB	C	-0.05%
	CZR	F	-0.05%
	MLM	B	-0.05%
	MUSA	B	-0.05%
	GPI	B	-0.05%
	AIZ	A	-0.05%
	GRMN	A	-0.05%
	CPAY	A	-0.05%
	NCLH	B	-0.05%
	FYBR	D	-0.04%
	RPM	A	-0.04%
	NWL	B	-0.04%
	PENN	B	-0.04%
	CIVI	D	-0.04%
	AA	C	-0.04%
	AR	B	-0.04%
	OLN	F	-0.04%
	MAN	F	-0.04%
	GT	C	-0.04%
	CACI	C	-0.04%
	CHRD	D	-0.04%
	KSS	D	-0.04%
	FLR	C	-0.04%
	TDG	D	-0.04%
	HP	C	-0.03%
	ADNT	D	-0.03%
	AMKR	F	-0.03%
	ASO	F	-0.03%
	RRC	B	-0.03%
	PR	C	-0.03%
	MTDR	B	-0.03%
	PII	F	-0.03%
	SM	C	-0.03%
	VVV	B	-0.03%
	OGS	B	-0.03%
	LUV	B	-0.03%
	HUN	F	-0.03%
	TGNA	B	-0.03%
	MUR	D	-0.03%
	HII	F	-0.03%
	FTI	B	-0.03%
	ANDE	D	-0.03%
	HTZ	C	-0.03%
	POST	D	-0.03%
	NU	B	-0.03%
	DAN	D	-0.02%
	AAP	C	-0.02%
	XRX	F	-0.02%
	CPRI	F	-0.02%
	CVI	F	-0.02%
	ODP	F	-0.02%
	AMR	C	-0.02%
	DK	D	-0.02%
	PRGO	C	-0.02%
	NOV	C	-0.02%
	WU	F	-0.02%
	IAC	F	-0.02%
	ARCH	B	-0.02%

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

IUS: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Software - Application Specialty Retail Diversified Industrials Business Services Information Technology Services Semiconductors Packaged Foods Specialty Chemicals Diagnostics & Research Drug Manufacturers - Major Oil & Gas Refining & Marketing Packaging & Containers Aerospace & Defense Insurance - Property & Casualty Residential Construction Telecom Services Auto Parts Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electronics Dow Jones Component Insurance Mining Chemical Aerospace Medicine Semiconductor Telecommunications Transport Petroleum Industry Retailing Electricity Building Materials Beverage Plastic