CVLC vs. NZAC ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$73.91

Average Daily Volume

15,947

Number of Holdings ^*

768

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.11

Average Daily Volume

6,775

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	NZAC
30 Days	1.25%	-1.17%
60 Days	4.22%	0.77%
90 Days	6.10%	2.65%
12 Months	32.21%	25.50%

305 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in NZAC	Overlap
	A	F	0.08%	0.06%	0.06%
	AAPL	C	6.44%	4.47%	4.47%
	ABBV	F	0.66%	0.6%	0.6%
	ABBV	F	0.66%	0.34%	0.34%
	ABNB	D	0.12%	0.05%	0.05%
	ABT	A	0.45%	0.19%	0.19%
	ACGL	D	0.09%	0.12%	0.09%
	ACM	B	0.03%	0.36%	0.03%
	ACN	C	0.47%	0.39%	0.39%
	ADBE	D	0.47%	0.35%	0.35%
	ADI	D	0.22%	0.46%	0.22%
	ADP	B	0.26%	0.2%	0.2%
	ADSK	B	0.14%	0.09%	0.09%
	AFG	A	0.02%	0.07%	0.02%
	AFL	C	0.14%	0.28%	0.14%
	AIG	C	0.12%	0.14%	0.12%
	AJG	B	0.14%	0.07%	0.07%
	ALGN	D	0.04%	0.03%	0.03%
	ALL	A	0.13%	0.14%	0.13%
	ALLE	D	0.03%	0.09%	0.03%
	ALLY	C	0.02%	0.02%	0.02%
	ALNY	D	0.07%	0.03%	0.03%
	AMAT	F	0.29%	0.12%	0.12%
	AMD	F	0.46%	0.27%	0.27%
	AME	A	0.13%	0.16%	0.13%
	AMGN	D	0.34%	0.21%	0.21%
	AMP	A	0.14%	0.16%	0.14%
	AMT	D	0.22%	0.11%	0.11%
	AMZN	B	3.65%	2.38%	2.38%
	ANET	C	0.2%	0.06%	0.06%
	ANSS	B	0.06%	0.02%	0.02%
	AON	B	0.2%	0.11%	0.11%
	APH	B	0.24%	0.11%	0.11%
	APO	A	0.17%	0.17%	0.17%
	AVB	B	0.08%	0.12%	0.08%
	AVGO	C	1.53%	1.1%	1.1%
	AVTR	F	0.03%	0.03%	0.03%
	AXON	A	0.12%	0.06%	0.06%
	AXP	B	0.4%	0.36%	0.36%
	AZO	C	0.11%	0.1%	0.1%
	BAC	A	0.75%	0.44%	0.44%
	BAH	D	0.04%	0.03%	0.03%
	BAX	F	0.04%	0.02%	0.02%
	BBWI	C	0.01%	0.01%	0.01%
	BDX	F	0.15%	0.11%	0.11%
	BIIB	F	0.05%	0.03%	0.03%
	BIO	C	0.01%	0.01%	0.01%
	BK	B	0.14%	0.13%	0.13%
	BKNG	A	0.35%	0.24%	0.24%
	BLK	B	0.38%	0.27%	0.27%
	BMRN	F	0.03%	0.02%	0.02%
	BMY	A	0.26%	0.24%	0.24%
	BR	B	0.06%	0.08%	0.06%
	BRO	B	0.06%	0.05%	0.05%
	BSX	A	0.29%	0.31%	0.29%
	BURL	A	0.03%	0.03%	0.03%
	BX	A	0.32%	0.19%	0.19%
	BXP	D	0.03%	0.07%	0.03%
	C	B	0.33%	0.01%	0.01%
	CARR	D	0.18%	0.03%	0.03%
	CBOE	C	0.05%	0.03%	0.03%
	CBRE	B	0.1%	0.18%	0.1%
	CCI	C	0.11%	0.07%	0.07%
	CDW	F	0.05%	0.13%	0.05%
	CEG	C	0.17%	0.04%	0.04%
	CG	B	0.03%	0.02%	0.02%
	CHD	A	0.05%	0.1%	0.05%
	CHTR	B	0.08%	0.07%	0.07%
	CINF	A	0.06%	0.07%	0.06%
	CLX	A	0.04%	0.01%	0.01%
	CMCSA	B	0.35%	0.25%	0.25%
	CME	A	0.2%	0.12%	0.12%
	CMG	C	0.23%	0.07%	0.07%
	COF	B	0.17%	0.14%	0.14%
	COIN	A	0.15%	0.04%	0.04%
	CPRT	B	0.11%	0.04%	0.04%
	CRM	B	0.64%	0.42%	0.42%
	CRWD	B	0.16%	0.02%	0.02%
	CSCO	B	0.49%	0.4%	0.4%
	CSGP	F	0.06%	0.02%	0.02%
	CTAS	B	0.15%	0.04%	0.04%
	CTLT	D	0.02%	0.02%	0.02%
	CTSH	C	0.08%	0.08%	0.08%
	DE	C	0.28%	0.14%	0.14%
	DFS	B	0.11%	0.09%	0.09%
	DGX	A	0.04%	0.02%	0.02%
	DHI	D	0.11%	0.06%	0.06%
	DHR	D	0.34%	0.19%	0.19%
	DIS	B	0.46%	0.29%	0.29%
	DLR	A	0.14%	0.39%	0.14%
	DLTR	F	0.03%	0.02%	0.02%
	DOC	D	0.04%	0.01%	0.01%
	DOCU	B	0.03%	0.01%	0.01%
	DXCM	C	0.07%	0.04%	0.04%
	EA	A	0.08%	0.01%	0.01%
	EBAY	D	0.06%	0.14%	0.06%
	ECL	D	0.17%	0.06%	0.06%
	EFX	F	0.07%	0.03%	0.03%
	EG	D	0.04%	0.03%	0.03%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.21%	0.17%	0.17%
	ENPH	F	0.02%	0.05%	0.02%
	EPAM	C	0.03%	0.01%	0.01%
	EQH	B	0.04%	0.1%	0.04%
	EQIX	A	0.21%	0.33%	0.21%
	EQR	C	0.07%	0.07%	0.07%
	ESS	A	0.05%	0.1%	0.05%
	ETN	B	0.4%	0.28%	0.28%
	EW	C	0.09%	0.11%	0.09%
	EXAS	D	0.02%	0.01%	0.01%
	EXR	C	0.08%	0.04%	0.04%
	FAST	B	0.09%	0.17%	0.09%
	FDS	B	0.04%	0.01%	0.01%
	FFIV	B	0.03%	0.18%	0.03%
	FI	A	0.26%	0.18%	0.18%
	FIS	C	0.1%	0.07%	0.07%
	FSLR	F	0.04%	0.16%	0.04%
	FTNT	B	0.13%	0.09%	0.09%
	FTV	D	0.07%	0.09%	0.07%
	GILD	C	0.25%	0.06%	0.06%
	GIS	F	0.1%	0.08%	0.08%
	GLW	B	0.08%	0.19%	0.08%
	GOOGL	B	3.68%	1.03%	1.03%
	GS	B	0.46%	0.06%	0.06%
	GWW	B	0.1%	0.21%	0.1%
	HBAN	B	0.06%	0.02%	0.02%
	HD	A	0.81%	0.58%	0.58%
	HEI	A	0.08%	0.02%	0.02%
	HIG	B	0.09%	0.12%	0.09%
	HLT	A	0.13%	0.02%	0.02%
	HOLX	D	0.04%	0.05%	0.04%
	HPE	B	0.06%	0.16%	0.06%
	HSIC	C	0.02%	0.05%	0.02%
	HSY	F	0.07%	0.05%	0.05%
	HUM	D	0.07%	0.06%	0.06%
	IBM	C	0.4%	0.6%	0.4%
	ICE	C	0.22%	0.13%	0.13%
	IDXX	F	0.08%	0.06%	0.06%
	IEX	B	0.05%	0.04%	0.04%
	ILMN	C	0.05%	0.04%	0.04%
	INCY	C	0.03%	0.01%	0.01%
	INTC	C	0.22%	0.18%	0.18%
	INTU	B	0.4%	0.31%	0.31%
	IPG	F	0.02%	0.01%	0.01%
	IQV	F	0.08%	0.1%	0.08%
	IRM	C	0.07%	0.06%	0.06%
	ISRG	A	0.42%	0.31%	0.31%
	IT	C	0.09%	0.03%	0.03%
	ITW	B	0.23%	0.33%	0.23%
	JKHY	D	0.03%	0.01%	0.01%
	JNPR	D	0.03%	0.13%	0.03%
	JPM	A	1.44%	1.09%	1.09%
	KDP	D	0.09%	0.08%	0.08%
	KEYS	C	0.07%	0.06%	0.06%
	KKR	A	0.25%	0.13%	0.13%
	KLAC	F	0.18%	0.15%	0.15%
	KVUE	A	0.09%	0.01%	0.01%
	LEN	D	0.1%	0.06%	0.06%
	LH	B	0.04%	0.02%	0.02%
	LIN	D	0.52%	0.07%	0.07%
	LKQ	F	0.02%	0.03%	0.02%
	LLY	F	1.28%	0.94%	0.94%
	LOW	C	0.31%	0.25%	0.25%
	LRCX	F	0.19%	0.1%	0.1%
	LULU	C	0.07%	0.08%	0.07%
	LYV	A	0.04%	0.05%	0.04%
	MA	B	0.91%	0.65%	0.65%
	MAR	B	0.15%	0.02%	0.02%
	MAS	D	0.03%	0.01%	0.01%
	MCO	D	0.17%	0.22%	0.17%
	MDT	D	0.25%	0.23%	0.23%
	MET	A	0.12%	0.21%	0.12%
	MKC	D	0.06%	0.01%	0.01%
	MKTX	D	0.02%	0.01%	0.01%
	MMC	D	0.27%	0.2%	0.2%
	MNST	C	0.11%	0.03%	0.03%
	MOH	F	0.04%	0.02%	0.02%
	MRK	F	0.55%	0.47%	0.47%
	MRNA	F	0.03%	0.01%	0.01%
	MRVL	B	0.16%	0.12%	0.12%
	MSFT	D	5.74%	4.03%	4.03%
	MSI	B	0.17%	0.27%	0.17%
	MTB	A	0.09%	0.1%	0.09%
	MTD	F	0.06%	0.06%	0.06%
	MU	D	0.23%	0.09%	0.09%
	NBIX	C	0.03%	0.01%	0.01%
	NDAQ	A	0.08%	0.04%	0.04%
	NFLX	A	0.75%	0.49%	0.49%
	NKE	F	0.18%	0.11%	0.11%
	NOW	B	0.44%	0.39%	0.39%
	NTAP	C	0.05%	0.06%	0.05%
	NTRS	A	0.05%	0.05%	0.05%
	NVDA	A	6.33%	4.67%	4.67%
	NVR	D	0.07%	0.03%	0.03%
	O	C	0.12%	0.07%	0.07%
	ODFL	B	0.1%	0.02%	0.02%
	OMC	C	0.04%	0.03%	0.03%
	ORCL	A	0.63%	0.59%	0.59%
	ORLY	B	0.14%	0.18%	0.14%
	PANW	B	0.26%	0.14%	0.14%
	PAYC	B	0.02%	0.01%	0.01%
	PAYX	B	0.1%	0.08%	0.08%
	PCAR	C	0.16%	0.06%	0.06%
	PFE	F	0.32%	0.19%	0.19%
	PGR	B	0.37%	0.22%	0.22%
	PH	B	0.25%	0.25%	0.25%
	PHM	D	0.06%	0.04%	0.04%
	PINS	F	0.04%	0.01%	0.01%
	PLD	D	0.26%	0.21%	0.21%
	PNC	B	0.2%	0.19%	0.19%
	PNR	B	0.05%	0.23%	0.05%
	PODD	B	0.04%	0.02%	0.02%
	POOL	D	0.03%	0.02%	0.02%
	PPG	F	0.08%	0.11%	0.08%
	PRU	B	0.11%	0.15%	0.11%
	PSA	C	0.13%	0.11%	0.11%
	PWR	A	0.12%	0.24%	0.12%
	PYPL	B	0.19%	0.13%	0.13%
	QCOM	F	0.38%	0.26%	0.26%
	REG	A	0.03%	0.08%	0.03%
	REGN	F	0.18%	0.1%	0.1%
	RF	A	0.06%	0.07%	0.06%
	RIVN	F	0.02%	0.01%	0.01%
	RJF	A	0.07%	0.04%	0.04%
	RMD	C	0.08%	0.07%	0.07%
	ROK	B	0.09%	0.08%	0.08%
	ROL	B	0.03%	0.02%	0.02%
	ROP	C	0.12%	0.02%	0.02%
	ROST	D	0.09%	0.09%	0.09%
	RPRX	F	0.02%	0.02%	0.02%
	RS	B	0.09%	0.08%	0.08%
	RVTY	D	0.03%	0.07%	0.03%
	SBAC	D	0.06%	0.03%	0.03%
	SBUX	A	0.31%	0.15%	0.15%
	SCHW	A	0.3%	0.19%	0.19%
	SEIC	B	0.02%	0.02%	0.02%
	SHW	C	0.25%	0.56%	0.25%
	SMCI	F	0.02%	0.01%	0.01%
	SNA	B	0.05%	0.02%	0.02%
	SNAP	D	0.02%	0.01%	0.01%
	SNOW	C	0.08%	0.02%	0.02%
	SPG	A	0.14%	0.15%	0.14%
	SPGI	D	0.35%	0.38%	0.35%
	SQ	A	0.1%	0.01%	0.01%
	SQ	A	0.1%	0.02%	0.02%
	STE	D	0.05%	0.03%	0.03%
	STLD	B	0.11%	0.01%	0.01%
	STT	B	0.07%	0.02%	0.02%
	SUI	C	0.04%	0.01%	0.01%
	SWKS	F	0.03%	0.01%	0.01%
	SYF	B	0.06%	0.09%	0.06%
	SYK	A	0.31%	0.25%	0.25%
	T	A	0.34%	0.18%	0.18%
	TDY	B	0.06%	0.1%	0.06%
	TECH	F	0.02%	0.01%	0.01%
	TER	F	0.03%	0.03%	0.03%
	TFX	F	0.02%	0.02%	0.02%
	TGT	B	0.14%	0.02%	0.02%
	TJX	A	0.27%	0.36%	0.27%
	TMO	F	0.44%	0.32%	0.32%
	TMUS	B	0.25%	0.13%	0.13%
	TRMB	B	0.05%	0.07%	0.05%
	TROW	B	0.06%	0.05%	0.05%
	TRU	D	0.04%	0.01%	0.01%
	TRV	A	0.15%	0.15%	0.15%
	TSLA	A	1.86%	1.32%	1.32%
	TT	A	0.26%	0.02%	0.02%
	TTD	B	0.11%	0.05%	0.05%
	TW	A	0.04%	0.02%	0.02%
	TXN	C	0.39%	0.27%	0.27%
	UBER	F	0.31%	0.17%	0.17%
	ULTA	F	0.03%	0.05%	0.03%
	UNH	C	1.15%	0.77%	0.77%
	UNP	D	0.34%	0.21%	0.21%
	UPS	C	0.23%	0.07%	0.07%
	URI	B	0.15%	0.05%	0.05%
	USB	B	0.19%	0.12%	0.12%
	V	A	1.09%	0.75%	0.75%
	VEEV	C	0.07%	0.03%	0.03%
	VLTO	C	0.05%	0.03%	0.03%
	VMC	B	0.2%	0.02%	0.02%
	VRSK	B	0.09%	0.05%	0.05%
	VRSN	F	0.03%	0.01%	0.01%
	VRT	A	0.12%	0.02%	0.02%
	VRTX	D	0.27%	0.14%	0.14%
	VTR	B	0.06%	0.06%	0.06%
	VZ	C	0.37%	0.21%	0.21%
	WAB	B	0.1%	0.08%	0.08%
	WAT	C	0.05%	0.02%	0.02%
	WDAY	C	0.12%	0.03%	0.03%
	WELL	A	0.2%	0.15%	0.15%
	WFC	A	0.63%	0.25%	0.25%
	WM	B	0.21%	0.1%	0.1%
	WMT	A	0.73%	0.35%	0.35%
	WPC	C	0.03%	0.01%	0.01%
	WRB	B	0.05%	0.07%	0.05%
	WST	D	0.05%	0.02%	0.02%
	WTW	B	0.08%	0.07%	0.07%
	XYL	D	0.08%	0.36%	0.08%
	YUM	D	0.11%	0.07%	0.07%
	Z	A	0.03%	0.02%	0.02%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	B	0.04%	0.02%	0.02%
	ZM	B	0.05%	0.02%	0.02%
	ZTS	D	0.18%	0.16%	0.16%

CVLC Overweight 465 Positions Relative to NZAC

	Symbol	Grade	Weight
	PG	C	0.8%
	COST	A	0.8%
	KO	D	0.56%
	PEP	F	0.53%
	CAT	C	0.5%
	GE	D	0.5%
	NEE	C	0.38%
	BKR	B	0.24%
	MDLZ	F	0.24%
	GEV	A	0.22%
	APD	A	0.2%
	CI	D	0.2%
	EMR	A	0.2%
	NUE	D	0.19%
	OXY	F	0.18%
	CDNS	B	0.17%
	SNPS	C	0.17%
	FDX	B	0.16%
	JCI	B	0.16%
	CVS	F	0.15%
	GM	B	0.15%
	CL	D	0.15%
	TFC	A	0.15%
	CMI	A	0.14%
	SRE	A	0.14%
	IR	B	0.12%
	APP	A	0.12%
	KR	B	0.12%
	D	C	0.12%
	FICO	B	0.12%
	PEG	C	0.11%
	OTIS	C	0.11%
	CSL	C	0.11%
	EXC	C	0.1%
	DAL	A	0.1%
	MSCI	B	0.1%
	F	C	0.1%
	RSG	A	0.1%
	SYY	D	0.1%
	KMB	C	0.09%
	OC	A	0.09%
	XEL	A	0.09%
	WEC	A	0.08%
	ARES	A	0.08%
	DOV	B	0.08%
	GEHC	D	0.08%
	KHC	F	0.08%
	DDOG	A	0.08%
	FITB	B	0.08%
	DELL	B	0.08%
	TEAM	A	0.08%
	ED	C	0.08%
	FCNCA	A	0.07%
	HUBB	B	0.07%
	CNC	F	0.07%
	MCHP	F	0.07%
	HUBS	B	0.07%
	SW	A	0.07%
	HPQ	B	0.07%
	IFF	D	0.06%
	DRI	C	0.06%
	EME	A	0.06%
	NET	B	0.06%
	MPWR	F	0.06%
	LPLA	A	0.06%
	PKG	B	0.06%
	ON	F	0.06%
	TSCO	D	0.06%
	AEE	A	0.06%
	K	B	0.06%
	DTE	C	0.06%
	TTWO	A	0.06%
	AWK	C	0.06%
	WDC	F	0.05%
	NRG	B	0.05%
	IBKR	A	0.05%
	PTC	B	0.05%
	WBD	B	0.05%
	CMS	C	0.05%
	PFG	C	0.05%
	WSO	A	0.05%
	BALL	D	0.05%
	CFG	B	0.05%
	DECK	A	0.05%
	CVNA	A	0.05%
	TYL	B	0.05%
	ES	C	0.05%
	RBLX	B	0.05%
	LII	A	0.05%
	MANH	D	0.04%
	JBHT	C	0.04%
	EWBC	A	0.04%
	EVRG	A	0.04%
	COHR	B	0.04%
	UDR	C	0.04%
	TWLO	A	0.04%
	UTHR	C	0.04%
	PFGC	B	0.04%
	BG	D	0.04%
	CAG	F	0.04%
	SOFI	A	0.04%
	BBY	D	0.04%
	SWK	F	0.04%
	TXRH	B	0.04%
	CMC	B	0.04%
	TOL	B	0.04%
	RGA	B	0.04%
	ATI	C	0.04%
	LNT	A	0.04%
	FIX	A	0.04%
	CW	B	0.04%
	NDSN	D	0.04%
	XPO	B	0.04%
	ZS	B	0.04%
	EXPD	D	0.04%
	NI	A	0.04%
	SFM	A	0.04%
	KIM	A	0.04%
	AMCR	D	0.04%
	CASY	A	0.04%
	GGG	B	0.04%
	MDB	C	0.04%
	DPZ	C	0.04%
	STX	D	0.04%
	AVY	D	0.04%
	WY	D	0.04%
	USFD	A	0.04%
	ARE	F	0.04%
	KEY	B	0.04%
	MAA	A	0.04%
	OHI	B	0.03%
	WBS	A	0.03%
	BLD	F	0.03%
	KNSL	B	0.03%
	WMS	F	0.03%
	DCI	B	0.03%
	WTRG	B	0.03%
	INGR	B	0.03%
	TPR	B	0.03%
	SCI	A	0.03%
	WING	D	0.03%
	CUBE	C	0.03%
	EVR	B	0.03%
	WWD	B	0.03%
	FHN	A	0.03%
	TTEK	F	0.03%
	LAMR	D	0.03%
	MLI	B	0.03%
	AKAM	F	0.03%
	ARMK	C	0.03%
	AYI	B	0.03%
	ALSN	B	0.03%
	SF	B	0.03%
	AIT	B	0.03%
	DT	C	0.03%
	HST	D	0.03%
	JBL	C	0.03%
	JEF	A	0.03%
	AFRM	A	0.03%
	LW	C	0.03%
	JLL	D	0.03%
	CCK	D	0.03%
	CHRW	B	0.03%
	CLH	C	0.03%
	CPT	C	0.03%
	ATR	B	0.03%
	OWL	A	0.03%
	ELS	B	0.03%
	ENTG	F	0.03%
	PSTG	F	0.03%
	LECO	C	0.03%
	SJM	D	0.03%
	RRX	B	0.03%
	WSM	D	0.03%
	SUM	B	0.03%
	RNR	C	0.03%
	SAIA	C	0.03%
	SSNC	C	0.03%
	EMN	D	0.03%
	APTV	F	0.03%
	DG	F	0.03%
	GWRE	A	0.03%
	UNM	A	0.03%
	NVT	C	0.03%
	NTNX	B	0.03%
	TOST	A	0.03%
	GPC	F	0.03%
	ITT	A	0.03%
	GEN	B	0.03%
	FSS	B	0.02%
	MOD	A	0.02%
	COLD	F	0.02%
	SMAR	A	0.02%
	BEN	C	0.02%
	IDA	A	0.02%
	LSTR	D	0.02%
	OLED	F	0.02%
	CVLT	B	0.02%
	GXO	B	0.02%
	FCN	F	0.02%
	HLNE	A	0.02%
	ELAN	D	0.02%
	WSC	F	0.02%
	WEX	F	0.02%
	UFPI	C	0.02%
	LPX	B	0.02%
	MTH	D	0.02%
	G	B	0.02%
	ESTC	C	0.02%
	MTG	D	0.02%
	RHP	B	0.02%
	SKX	F	0.02%
	WTS	B	0.02%
	STAG	D	0.02%
	RL	C	0.02%
	ALK	A	0.02%
	BCPC	B	0.02%
	HAS	D	0.02%
	R	B	0.02%
	JAZZ	C	0.02%
	AGCO	F	0.02%
	OMF	A	0.02%
	ONTO	F	0.02%
	GKOS	A	0.02%
	RHI	C	0.02%
	CBT	C	0.02%
	LFUS	D	0.02%
	WH	B	0.02%
	AXS	A	0.02%
	ONB	B	0.02%
	VNO	C	0.02%
	NOVT	D	0.02%
	FR	C	0.02%
	BPOP	C	0.02%
	MOG.A	B	0.02%
	CADE	B	0.02%
	RYAN	B	0.02%
	TMHC	B	0.02%
	SNX	D	0.02%
	ESI	B	0.02%
	BMI	C	0.02%
	MEDP	D	0.02%
	ENSG	D	0.02%
	MSA	D	0.02%
	PLNT	A	0.02%
	HQY	A	0.02%
	DVA	C	0.02%
	TPX	B	0.02%
	PCTY	B	0.02%
	FBIN	F	0.02%
	WCC	B	0.02%
	BILL	B	0.02%
	HRB	D	0.02%
	ROKU	D	0.02%
	BRBR	A	0.02%
	JXN	C	0.02%
	AGNC	C	0.02%
	BWA	D	0.02%
	CHE	F	0.02%
	COKE	C	0.02%
	ALV	C	0.02%
	NYT	D	0.02%
	VMI	B	0.02%
	PB	A	0.02%
	NNN	C	0.02%
	FMC	D	0.02%
	CGNX	D	0.02%
	DAR	B	0.02%
	LAD	B	0.02%
	IVZ	C	0.02%
	OSK	C	0.02%
	SNV	B	0.02%
	ESAB	C	0.02%
	CNM	C	0.02%
	VOYA	B	0.02%
	GTLS	A	0.02%
	MKSI	C	0.02%
	FRPT	A	0.02%
	SSB	B	0.02%
	PEN	B	0.02%
	DOX	D	0.02%
	CIEN	B	0.02%
	MIDD	D	0.02%
	MTZ	A	0.02%
	MORN	B	0.02%
	GMED	A	0.02%
	CFR	B	0.02%
	KNX	B	0.02%
	SRPT	F	0.02%
	BRX	A	0.02%
	APG	C	0.02%
	SSD	D	0.02%
	BERY	D	0.02%
	WTFC	B	0.02%
	ZION	B	0.02%
	CRL	D	0.02%
	EXEL	B	0.02%
	FND	F	0.02%
	FLS	A	0.02%
	ACI	C	0.02%
	DKS	D	0.02%
	EHC	B	0.02%
	AAL	B	0.02%
	CBSH	A	0.02%
	ORI	A	0.02%
	REXR	F	0.02%
	CMA	B	0.02%
	CE	F	0.02%
	BJ	B	0.02%
	FRT	B	0.02%
	TTC	F	0.02%
	PNFP	B	0.02%
	MOS	D	0.02%
	GPK	D	0.02%
	GL	C	0.02%
	DAY	B	0.02%
	HRL	D	0.02%
	CPB	D	0.02%
	AES	F	0.02%
	KMX	C	0.02%
	LBRDK	C	0.02%
	HLI	B	0.02%
	AOS	F	0.02%
	WAL	B	0.02%
	DUOL	A	0.02%
	AXTA	B	0.02%
	OKTA	D	0.02%
	PRI	A	0.02%
	CNH	C	0.02%
	COTY	F	0.01%
	ALGM	F	0.01%
	COLM	B	0.01%
	PAG	B	0.01%
	APLS	F	0.01%
	CWEN	C	0.01%
	AGR	A	0.01%
	ZI	D	0.01%
	TNET	F	0.01%
	PFSI	C	0.01%
	CACC	F	0.01%
	MSM	D	0.01%
	BOKF	B	0.01%
	BBIO	F	0.01%
	CDP	C	0.01%
	XRAY	D	0.01%
	CHWY	B	0.01%
	OPCH	F	0.01%
	SIG	C	0.01%
	NSIT	F	0.01%
	AN	D	0.01%
	M	D	0.01%
	CHH	A	0.01%
	OGN	F	0.01%
	BCO	F	0.01%
	ATKR	D	0.01%
	CWAN	B	0.01%
	DLB	F	0.01%
	EEFT	C	0.01%
	FIVE	F	0.01%
	AVT	C	0.01%
	RH	D	0.01%
	PSN	C	0.01%
	GAP	D	0.01%
	WMG	C	0.01%
	LANC	D	0.01%
	ABG	B	0.01%
	TENB	D	0.01%
	HOG	F	0.01%
	IONS	F	0.01%
	ASH	F	0.01%
	MMS	D	0.01%
	APPF	C	0.01%
	HCP	B	0.01%
	BCC	C	0.01%
	EXPO	D	0.01%
	NXST	C	0.01%
	CROX	F	0.01%
	QLYS	C	0.01%
	ZWS	B	0.01%
	OLLI	D	0.01%
	ETSY	D	0.01%
	PVH	C	0.01%
	SWX	A	0.01%
	CRUS	F	0.01%
	INSP	F	0.01%
	IBP	F	0.01%
	RMBS	C	0.01%
	FELE	B	0.01%
	VRNS	D	0.01%
	POR	C	0.01%
	BRKR	F	0.01%
	WTM	A	0.01%
	WHR	B	0.01%
	FLO	D	0.01%
	ARW	F	0.01%
	CELH	F	0.01%
	BECN	B	0.01%
	VNT	C	0.01%
	BPMC	C	0.01%
	SITE	D	0.01%
	SLGN	A	0.01%
	MAT	D	0.01%
	UGI	C	0.01%
	DOCS	C	0.01%
	LEA	F	0.01%
	ALTR	B	0.01%
	RDN	D	0.01%
	DY	C	0.01%
	HALO	F	0.01%
	OZK	B	0.01%
	SLM	B	0.01%
	AZEK	B	0.01%
	MMSI	A	0.01%
	SAIC	F	0.01%
	FOUR	A	0.01%
	QRVO	F	0.01%
	ELF	C	0.01%
	THO	C	0.01%
	AWI	B	0.01%
	LYFT	C	0.01%
	BFAM	F	0.01%
	TPG	A	0.01%
	ST	F	0.01%
	TKR	F	0.01%
	CFLT	B	0.01%
	NFG	A	0.01%
	DBX	C	0.01%
	AMG	C	0.01%
	KD	A	0.01%
	HXL	F	0.01%
	SON	F	0.01%
	SPSC	F	0.01%
	KBH	D	0.01%
	EPRT	A	0.01%
	TRNO	D	0.01%
	HOMB	A	0.01%
	FAF	C	0.01%
	ESNT	D	0.01%
	AL	B	0.01%
	KRG	A	0.01%
	MTN	C	0.01%
	LSCC	D	0.01%
	JHG	B	0.01%
	GME	C	0.01%
	ITRI	B	0.01%
	STWD	C	0.01%
	THG	A	0.01%
	ANF	C	0.01%
	SEE	D	0.01%
	RGEN	F	0.01%
	MHK	D	0.01%
	FNB	B	0.01%
	BC	D	0.01%
	EXLS	B	0.01%
	PARA	D	0.01%
	CWST	A	0.01%
	TREX	D	0.01%
	COOP	B	0.01%
	H	B	0.01%
	S	B	0.01%
	VFC	C	0.01%
	SIGI	B	0.01%
	LNC	B	0.01%
	GATX	B	0.01%
	LEVI	F	0.0%

CVLC Underweight 65 Positions Relative to NZAC

	Symbol	Grade	Weight
	META	C	-1.62%
	GOOG	B	-1.45%
	EIX	C	-0.81%
	JNJ	D	-0.62%
	NVS	D	-0.41%
	BRK.A	B	-0.39%
	MCD	D	-0.36%
	MS	A	-0.26%
	CB	C	-0.24%
	BABA	D	-0.24%
	TD	D	-0.19%
	SONY	B	-0.17%
	HDB	B	-0.14%
	MELI	D	-0.14%
	TDG	D	-0.13%
	SHOP	B	-0.12%
	LI	F	-0.11%
	INFY	D	-0.11%
	DEO	F	-0.1%
	AIZ	A	-0.09%
	CSX	C	-0.09%
	SCCO	F	-0.08%
	PDD	D	-0.08%
	GRMN	B	-0.08%
	MUFG	A	-0.08%
	NEM	D	-0.08%
	PLTR	A	-0.07%
	HSBH	A	-0.07%
	MKL	A	-0.07%
	WIT	B	-0.07%
	TCOM	B	-0.06%
	CPAY	A	-0.05%
	GPN	C	-0.05%
	NSC	B	-0.04%
	FOXA	B	-0.04%
	UHAL	D	-0.04%
	BCS	B	-0.04%
	XPEV	C	-0.04%
	AZN	F	-0.03%
	VICI	C	-0.03%
	XRX	F	-0.03%
	CCEP	D	-0.03%
	ERIE	F	-0.03%
	GDDY	A	-0.03%
	FOX	A	-0.03%
	BIDU	F	-0.03%
	STZ	D	-0.03%
	NIO	F	-0.02%
	MSTR	A	-0.02%
	DASH	A	-0.02%
	BCH	D	-0.02%
	ASAI	F	-0.02%
	MMM	D	-0.02%
	MBAVU	A	-0.01%
	QGEN	F	-0.01%
	MTCH	F	-0.01%
	WYNN	D	-0.01%
	NXPI	F	-0.01%
	ALB	B	-0.01%
	KB	B	-0.01%
	QFIN	B	-0.01%
	LYG	C	-0.01%
	TEVA	D	-0.01%
	NIO	F	-0.0%
	WIT	B	-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 Dow Jones Component Insurance Products

NZAC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Asset Management Drug Manufacturers - Major Diversified Industrials Semiconductors Biotechnology Capital Markets Information Technology Services Internet Content & Information Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Specialty Retail Banks - Global Insurance - Diversified Insurance Brokers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Insurance Computing Dow Jones Component Bank Medicine Banking Telecommunications Insurance Products Mobile Devices Investment Bank Electronics Financial Products Real Estate Investment Trust Work From Home Biotechnology Cloud Computing Chemical Semiconductor