CVLC vs. PBP ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to PowerShares S&P 500 BuyWrite Portfolio (PBP)

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

$75.02

Average Daily Volume

17,582

Number of Holdings ^*

768

* may have additional holdings in another (foreign) market

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$23.15

Average Daily Volume

20,950

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	PBP
30 Days	4.12%	2.75%
60 Days	5.53%	3.53%
90 Days	7.26%	5.13%
12 Months	33.80%	19.51%

392 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in PBP	Overlap
	A	D	0.08%	0.08%	0.08%
	AAPL	C	6.44%	7.01%	6.44%
	ABBV	D	0.66%	0.61%	0.61%
	ABNB	C	0.12%	0.12%	0.12%
	ABT	B	0.45%	0.4%	0.4%
	ACGL	D	0.09%	0.08%	0.08%
	ACN	C	0.47%	0.46%	0.46%
	ADBE	C	0.47%	0.47%	0.47%
	ADI	D	0.22%	0.21%	0.21%
	ADP	B	0.26%	0.25%	0.25%
	ADSK	A	0.14%	0.13%	0.13%
	AEE	A	0.06%	0.05%	0.05%
	AES	F	0.02%	0.02%	0.02%
	AFL	B	0.14%	0.11%	0.11%
	AIG	B	0.12%	0.1%	0.1%
	AJG	B	0.14%	0.13%	0.13%
	AKAM	D	0.03%	0.03%	0.03%
	ALGN	D	0.04%	0.03%	0.03%
	ALL	A	0.13%	0.1%	0.1%
	ALLE	D	0.03%	0.02%	0.02%
	AMAT	F	0.29%	0.31%	0.29%
	AMCR	D	0.04%	0.03%	0.03%
	AMD	F	0.46%	0.45%	0.45%
	AME	A	0.13%	0.09%	0.09%
	AMGN	D	0.34%	0.32%	0.32%
	AMP	A	0.14%	0.11%	0.11%
	AMT	D	0.22%	0.18%	0.18%
	AMZN	C	3.65%	3.99%	3.65%
	ANET	C	0.2%	0.2%	0.2%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.2%	0.17%	0.17%
	AOS	F	0.02%	0.02%	0.02%
	APD	A	0.2%	0.14%	0.14%
	APH	A	0.24%	0.18%	0.18%
	APTV	D	0.03%	0.03%	0.03%
	ARE	D	0.04%	0.03%	0.03%
	AVB	B	0.08%	0.07%	0.07%
	AVGO	D	1.53%	1.6%	1.53%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.06%	0.05%	0.05%
	AXON	A	0.12%	0.09%	0.09%
	AXP	A	0.4%	0.33%	0.33%
	AZO	C	0.11%	0.1%	0.1%
	BAC	A	0.75%	0.63%	0.63%
	BALL	D	0.05%	0.04%	0.04%
	BAX	D	0.04%	0.03%	0.03%
	BBY	D	0.04%	0.04%	0.04%
	BDX	F	0.15%	0.13%	0.13%
	BEN	C	0.02%	0.01%	0.01%
	BG	F	0.04%	0.03%	0.03%
	BIIB	F	0.05%	0.05%	0.05%
	BK	A	0.14%	0.12%	0.12%
	BKNG	A	0.35%	0.34%	0.34%
	BKR	B	0.24%	0.09%	0.09%
	BLK	C	0.38%	0.29%	0.29%
	BMY	B	0.26%	0.24%	0.24%
	BR	A	0.06%	0.05%	0.05%
	BRO	B	0.06%	0.05%	0.05%
	BSX	B	0.29%	0.26%	0.26%
	BWA	D	0.02%	0.02%	0.02%
	BX	A	0.32%	0.26%	0.26%
	BXP	D	0.03%	0.02%	0.02%
	C	A	0.33%	0.26%	0.26%
	CAG	D	0.04%	0.03%	0.03%
	CARR	D	0.18%	0.13%	0.13%
	CAT	B	0.5%	0.38%	0.38%
	CBOE	B	0.05%	0.04%	0.04%
	CBRE	B	0.1%	0.08%	0.08%
	CCI	D	0.11%	0.09%	0.09%
	CDNS	B	0.17%	0.17%	0.17%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.17%	0.14%	0.14%
	CFG	B	0.05%	0.04%	0.04%
	CHD	B	0.05%	0.05%	0.05%
	CHRW	C	0.03%	0.03%	0.03%
	CHTR	C	0.08%	0.08%	0.08%
	CI	F	0.2%	0.18%	0.18%
	CINF	A	0.06%	0.05%	0.05%
	CL	D	0.15%	0.15%	0.15%
	CLX	B	0.04%	0.04%	0.04%
	CMCSA	B	0.35%	0.34%	0.34%
	CME	A	0.2%	0.16%	0.16%
	CMG	B	0.23%	0.17%	0.17%
	CMI	A	0.14%	0.1%	0.1%
	CMS	C	0.05%	0.04%	0.04%
	CNC	D	0.07%	0.06%	0.06%
	COF	B	0.17%	0.14%	0.14%
	COST	B	0.8%	0.83%	0.8%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	A	0.11%	0.1%	0.1%
	CPT	B	0.03%	0.03%	0.03%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.64%	0.65%	0.64%
	CRWD	B	0.16%	0.16%	0.16%
	CSCO	B	0.49%	0.47%	0.47%
	CSGP	D	0.06%	0.06%	0.06%
	CTAS	B	0.15%	0.15%	0.15%
	CTLT	B	0.02%	0.02%	0.02%
	CTSH	B	0.08%	0.08%	0.08%
	CVS	D	0.15%	0.14%	0.14%
	D	C	0.12%	0.1%	0.1%
	DAL	C	0.1%	0.08%	0.08%
	DAY	B	0.02%	0.02%	0.02%
	DE	A	0.28%	0.2%	0.2%
	DECK	A	0.05%	0.05%	0.05%
	DELL	C	0.08%	0.08%	0.08%
	DFS	B	0.11%	0.09%	0.09%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.04%	0.04%	0.04%
	DHI	D	0.11%	0.1%	0.1%
	DHR	F	0.34%	0.31%	0.31%
	DIS	B	0.46%	0.4%	0.4%
	DLR	B	0.14%	0.11%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	D	0.04%	0.03%	0.03%
	DOV	A	0.08%	0.06%	0.06%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.06%	0.04%	0.04%
	DTE	C	0.06%	0.05%	0.05%
	DVA	B	0.02%	0.01%	0.01%
	DXCM	D	0.07%	0.06%	0.06%
	EA	A	0.08%	0.08%	0.08%
	EBAY	D	0.06%	0.06%	0.06%
	ECL	D	0.17%	0.13%	0.13%
	ED	D	0.08%	0.07%	0.07%
	EFX	F	0.07%	0.07%	0.07%
	EG	C	0.04%	0.03%	0.03%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.21%	0.19%	0.19%
	EMN	D	0.03%	0.02%	0.02%
	EMR	A	0.2%	0.15%	0.15%
	ENPH	F	0.02%	0.02%	0.02%
	EPAM	C	0.03%	0.03%	0.03%
	EQIX	A	0.21%	0.17%	0.17%
	EQR	B	0.07%	0.05%	0.05%
	ES	D	0.05%	0.04%	0.04%
	ESS	B	0.05%	0.04%	0.04%
	ETN	A	0.4%	0.29%	0.29%
	EVRG	A	0.04%	0.03%	0.03%
	EW	C	0.09%	0.08%	0.08%
	EXC	C	0.1%	0.08%	0.08%
	EXPD	D	0.04%	0.03%	0.03%
	EXR	D	0.08%	0.07%	0.07%
	F	C	0.1%	0.09%	0.09%
	FAST	B	0.09%	0.1%	0.09%
	FDS	B	0.04%	0.04%	0.04%
	FDX	B	0.16%	0.13%	0.13%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.26%	0.25%	0.25%
	FICO	B	0.12%	0.12%	0.12%
	FIS	C	0.1%	0.1%	0.1%
	FITB	A	0.08%	0.06%	0.06%
	FMC	D	0.02%	0.01%	0.01%
	FRT	B	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	C	0.13%	0.12%	0.12%
	FTV	C	0.07%	0.05%	0.05%
	GE	D	0.5%	0.39%	0.39%
	GEHC	F	0.08%	0.08%	0.08%
	GEN	B	0.03%	0.03%	0.03%
	GEV	B	0.22%	0.18%	0.18%
	GILD	C	0.25%	0.23%	0.23%
	GIS	D	0.1%	0.07%	0.07%
	GL	B	0.02%	0.02%	0.02%
	GLW	B	0.08%	0.07%	0.07%
	GM	B	0.15%	0.13%	0.13%
	GOOGL	C	3.68%	2.08%	2.08%
	GPC	D	0.03%	0.03%	0.03%
	GS	A	0.46%	0.38%	0.38%
	GWW	B	0.1%	0.11%	0.1%
	HAS	D	0.02%	0.02%	0.02%
	HBAN	A	0.06%	0.05%	0.05%
	HD	A	0.81%	0.81%	0.81%
	HIG	B	0.09%	0.07%	0.07%
	HLT	A	0.13%	0.12%	0.12%
	HOLX	D	0.04%	0.04%	0.04%
	HPE	B	0.06%	0.06%	0.06%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HSIC	B	0.02%	0.02%	0.02%
	HST	C	0.03%	0.02%	0.02%
	HSY	F	0.07%	0.05%	0.05%
	HUBB	B	0.07%	0.05%	0.05%
	HUM	C	0.07%	0.07%	0.07%
	IBM	C	0.4%	0.39%	0.39%
	ICE	C	0.22%	0.18%	0.18%
	IDXX	F	0.08%	0.07%	0.07%
	IEX	B	0.05%	0.04%	0.04%
	IFF	D	0.06%	0.05%	0.05%
	INCY	C	0.03%	0.03%	0.03%
	INTC	D	0.22%	0.22%	0.22%
	INTU	C	0.4%	0.4%	0.4%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.08%	0.07%	0.07%
	IR	B	0.12%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.42%	0.39%	0.39%
	IT	C	0.09%	0.08%	0.08%
	ITW	B	0.23%	0.15%	0.15%
	IVZ	B	0.02%	0.02%	0.02%
	JBHT	C	0.04%	0.03%	0.03%
	JBL	B	0.03%	0.03%	0.03%
	JCI	C	0.16%	0.12%	0.12%
	JKHY	D	0.03%	0.03%	0.03%
	JNPR	F	0.03%	0.03%	0.03%
	JPM	A	1.44%	1.39%	1.39%
	K	A	0.06%	0.04%	0.04%
	KDP	D	0.09%	0.07%	0.07%
	KEY	B	0.04%	0.04%	0.04%
	KEYS	A	0.07%	0.05%	0.05%
	KHC	F	0.08%	0.06%	0.06%
	KIM	A	0.04%	0.03%	0.03%
	KKR	A	0.25%	0.21%	0.21%
	KLAC	D	0.18%	0.18%	0.18%
	KMB	D	0.09%	0.09%	0.09%
	KMX	B	0.02%	0.02%	0.02%
	KO	D	0.56%	0.49%	0.49%
	KR	B	0.12%	0.08%	0.08%
	KVUE	A	0.09%	0.09%	0.09%
	LEN	D	0.1%	0.08%	0.08%
	LH	C	0.04%	0.04%	0.04%
	LIN	D	0.52%	0.44%	0.44%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	F	1.28%	1.25%	1.25%
	LNT	A	0.04%	0.03%	0.03%
	LOW	D	0.31%	0.31%	0.31%
	LRCX	F	0.19%	0.2%	0.19%
	LULU	C	0.07%	0.08%	0.07%
	LW	C	0.03%	0.02%	0.02%
	LYV	A	0.04%	0.04%	0.04%
	MA	C	0.91%	0.87%	0.87%
	MAA	B	0.04%	0.04%	0.04%
	MAR	B	0.15%	0.13%	0.13%
	MAS	D	0.03%	0.03%	0.03%
	MCHP	D	0.07%	0.07%	0.07%
	MCO	B	0.17%	0.15%	0.15%
	MDLZ	F	0.24%	0.18%	0.18%
	MDT	D	0.25%	0.22%	0.22%
	MET	A	0.12%	0.1%	0.1%
	MHK	D	0.01%	0.01%	0.01%
	MKC	D	0.06%	0.04%	0.04%
	MKTX	D	0.02%	0.02%	0.02%
	MMC	B	0.27%	0.22%	0.22%
	MNST	C	0.11%	0.08%	0.08%
	MOH	F	0.04%	0.04%	0.04%
	MOS	F	0.02%	0.02%	0.02%
	MPWR	F	0.06%	0.06%	0.06%
	MRK	F	0.55%	0.5%	0.5%
	MRNA	F	0.03%	0.03%	0.03%
	MSCI	C	0.1%	0.1%	0.1%
	MSFT	F	5.74%	6.41%	5.74%
	MSI	B	0.17%	0.17%	0.17%
	MTB	A	0.09%	0.07%	0.07%
	MTD	D	0.06%	0.05%	0.05%
	MU	D	0.23%	0.22%	0.22%
	NDAQ	A	0.08%	0.07%	0.07%
	NDSN	B	0.04%	0.03%	0.03%
	NEE	D	0.38%	0.31%	0.31%
	NFLX	A	0.75%	0.73%	0.73%
	NI	A	0.04%	0.03%	0.03%
	NKE	D	0.18%	0.18%	0.18%
	NOW	A	0.44%	0.43%	0.43%
	NRG	B	0.05%	0.04%	0.04%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.05%	0.04%	0.04%
	NUE	C	0.19%	0.07%	0.07%
	NVDA	C	6.33%	7.29%	6.33%
	NVR	D	0.07%	0.06%	0.06%
	O	D	0.12%	0.1%	0.1%
	ODFL	B	0.1%	0.09%	0.09%
	OMC	C	0.04%	0.04%	0.04%
	ON	D	0.06%	0.06%	0.06%
	ORCL	B	0.63%	0.6%	0.6%
	ORLY	B	0.14%	0.14%	0.14%
	OTIS	C	0.11%	0.08%	0.08%
	OXY	D	0.18%	0.07%	0.07%
	PANW	C	0.26%	0.26%	0.26%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.1%	0.09%	0.09%
	PCAR	B	0.16%	0.12%	0.12%
	PEG	A	0.11%	0.09%	0.09%
	PEP	F	0.53%	0.46%	0.46%
	PFE	D	0.32%	0.3%	0.3%
	PFG	D	0.05%	0.04%	0.04%
	PG	A	0.8%	0.8%	0.8%
	PGR	A	0.37%	0.31%	0.31%
	PH	A	0.25%	0.18%	0.18%
	PHM	D	0.06%	0.05%	0.05%
	PKG	A	0.06%	0.04%	0.04%
	PLD	D	0.26%	0.21%	0.21%
	PNC	B	0.2%	0.17%	0.17%
	PNR	A	0.05%	0.04%	0.04%
	PODD	C	0.04%	0.04%	0.04%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.08%	0.06%	0.06%
	PRU	A	0.11%	0.09%	0.09%
	PSA	D	0.13%	0.11%	0.11%
	PTC	A	0.05%	0.05%	0.05%
	PWR	A	0.12%	0.1%	0.1%
	PYPL	B	0.19%	0.18%	0.18%
	QCOM	F	0.38%	0.37%	0.37%
	QRVO	F	0.01%	0.01%	0.01%
	REG	B	0.03%	0.02%	0.02%
	REGN	F	0.18%	0.17%	0.17%
	RF	A	0.06%	0.05%	0.05%
	RJF	A	0.07%	0.06%	0.06%
	RL	B	0.02%	0.02%	0.02%
	RMD	C	0.08%	0.07%	0.07%
	ROK	B	0.09%	0.07%	0.07%
	ROL	B	0.03%	0.03%	0.03%
	ROP	B	0.12%	0.12%	0.12%
	ROST	C	0.09%	0.1%	0.09%
	RSG	A	0.1%	0.09%	0.09%
	RVTY	F	0.03%	0.03%	0.03%
	SBAC	D	0.06%	0.05%	0.05%
	SBUX	A	0.31%	0.23%	0.23%
	SCHW	B	0.3%	0.24%	0.24%
	SHW	A	0.25%	0.18%	0.18%
	SJM	D	0.03%	0.02%	0.02%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.05%	0.04%	0.04%
	SNPS	B	0.17%	0.17%	0.17%
	SPG	B	0.14%	0.11%	0.11%
	SPGI	C	0.35%	0.33%	0.33%
	SRE	A	0.14%	0.12%	0.12%
	STE	F	0.05%	0.04%	0.04%
	STLD	B	0.11%	0.04%	0.04%
	STT	A	0.07%	0.06%	0.06%
	STX	D	0.04%	0.04%	0.04%
	SW	A	0.07%	0.05%	0.05%
	SWK	D	0.04%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.06%	0.05%	0.05%
	SYK	C	0.31%	0.27%	0.27%
	SYY	B	0.1%	0.07%	0.07%
	T	A	0.34%	0.32%	0.32%
	TDY	B	0.06%	0.05%	0.05%
	TECH	D	0.02%	0.02%	0.02%
	TER	D	0.03%	0.04%	0.03%
	TFC	A	0.15%	0.13%	0.13%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.14%	0.14%	0.14%
	TJX	A	0.27%	0.27%	0.27%
	TMO	F	0.44%	0.41%	0.41%
	TMUS	B	0.25%	0.24%	0.24%
	TPR	B	0.03%	0.03%	0.03%
	TRMB	B	0.05%	0.04%	0.04%
	TROW	B	0.06%	0.05%	0.05%
	TRV	B	0.15%	0.12%	0.12%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.86%	1.75%	1.75%
	TT	A	0.26%	0.19%	0.19%
	TTWO	A	0.06%	0.06%	0.06%
	TXN	C	0.39%	0.38%	0.38%
	TYL	B	0.05%	0.05%	0.05%
	UBER	D	0.31%	0.3%	0.3%
	UDR	B	0.04%	0.03%	0.03%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.15%	1.11%	1.11%
	UNP	C	0.34%	0.29%	0.29%
	UPS	C	0.23%	0.2%	0.2%
	URI	B	0.15%	0.12%	0.12%
	USB	A	0.19%	0.16%	0.16%
	V	A	1.09%	1.04%	1.04%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.2%	0.08%	0.08%
	VRSK	A	0.09%	0.08%	0.08%
	VRSN	F	0.03%	0.03%	0.03%
	VRTX	F	0.27%	0.25%	0.25%
	VTR	C	0.06%	0.05%	0.05%
	VZ	C	0.37%	0.35%	0.35%
	WAB	B	0.1%	0.07%	0.07%
	WAT	B	0.05%	0.04%	0.04%
	WBD	C	0.05%	0.04%	0.04%
	WDC	D	0.05%	0.04%	0.04%
	WEC	A	0.08%	0.06%	0.06%
	WELL	A	0.2%	0.16%	0.16%
	WFC	A	0.63%	0.5%	0.5%
	WM	A	0.21%	0.16%	0.16%
	WMT	A	0.73%	0.74%	0.73%
	WRB	A	0.05%	0.04%	0.04%
	WST	C	0.05%	0.05%	0.05%
	WTW	B	0.08%	0.06%	0.06%
	WY	D	0.04%	0.05%	0.04%
	XEL	A	0.09%	0.08%	0.08%
	XYL	D	0.08%	0.06%	0.06%
	YUM	B	0.11%	0.08%	0.08%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.18%	0.16%	0.16%

CVLC Overweight 376 Positions Relative to PBP

	Symbol	Grade	Weight
	APO	B	0.17%
	MRVL	B	0.16%
	COIN	C	0.15%
	WDAY	B	0.12%
	APP	B	0.12%
	VRT	B	0.12%
	TTD	B	0.11%
	CSL	C	0.11%
	SQ	B	0.1%
	OC	A	0.09%
	RS	B	0.09%
	ARES	A	0.08%
	HEI	B	0.08%
	DDOG	A	0.08%
	TEAM	A	0.08%
	SNOW	C	0.08%
	FCNCA	A	0.07%
	VEEV	C	0.07%
	ALNY	D	0.07%
	HUBS	A	0.07%
	EME	C	0.06%
	NET	B	0.06%
	LPLA	A	0.06%
	ZM	B	0.05%
	IBKR	A	0.05%
	ILMN	D	0.05%
	WSO	A	0.05%
	CVNA	B	0.05%
	RBLX	C	0.05%
	LII	A	0.05%
	MANH	D	0.04%
	EWBC	A	0.04%
	COHR	B	0.04%
	PINS	D	0.04%
	TWLO	A	0.04%
	UTHR	C	0.04%
	PFGC	B	0.04%
	SOFI	A	0.04%
	TW	A	0.04%
	TXRH	C	0.04%
	CMC	B	0.04%
	TOL	B	0.04%
	SUI	D	0.04%
	EQH	B	0.04%
	RGA	A	0.04%
	ATI	D	0.04%
	FIX	A	0.04%
	CW	B	0.04%
	XPO	B	0.04%
	ZS	C	0.04%
	SFM	A	0.04%
	TRU	D	0.04%
	CASY	A	0.04%
	GGG	B	0.04%
	MDB	C	0.04%
	BAH	F	0.04%
	USFD	A	0.04%
	OHI	C	0.03%
	WBS	A	0.03%
	BLD	D	0.03%
	KNSL	B	0.03%
	WMS	D	0.03%
	DCI	B	0.03%
	WTRG	B	0.03%
	INGR	B	0.03%
	CG	A	0.03%
	NBIX	C	0.03%
	SCI	B	0.03%
	WING	D	0.03%
	CUBE	D	0.03%
	EVR	B	0.03%
	WWD	B	0.03%
	BMRN	D	0.03%
	FHN	A	0.03%
	TTEK	F	0.03%
	LAMR	D	0.03%
	MLI	C	0.03%
	ARMK	B	0.03%
	AYI	B	0.03%
	ALSN	B	0.03%
	SF	B	0.03%
	AIT	A	0.03%
	DT	C	0.03%
	WPC	D	0.03%
	JEF	A	0.03%
	AFRM	B	0.03%
	JLL	D	0.03%
	CCK	C	0.03%
	CLH	B	0.03%
	ATR	B	0.03%
	OWL	A	0.03%
	ELS	C	0.03%
	AVTR	F	0.03%
	ENTG	D	0.03%
	Z	A	0.03%
	PSTG	D	0.03%
	LECO	B	0.03%
	RRX	B	0.03%
	WSM	B	0.03%
	SUM	B	0.03%
	RNR	C	0.03%
	SAIA	B	0.03%
	SSNC	B	0.03%
	GWRE	A	0.03%
	UNM	A	0.03%
	NVT	B	0.03%
	NTNX	A	0.03%
	TOST	B	0.03%
	DOCU	A	0.03%
	BURL	A	0.03%
	ITT	A	0.03%
	ACM	A	0.03%
	FSS	B	0.02%
	MOD	A	0.02%
	COLD	D	0.02%
	SMAR	A	0.02%
	IDA	A	0.02%
	LSTR	D	0.02%
	OLED	D	0.02%
	CVLT	B	0.02%
	GXO	B	0.02%
	FCN	D	0.02%
	HLNE	B	0.02%
	ELAN	D	0.02%
	WSC	D	0.02%
	WEX	D	0.02%
	UFPI	B	0.02%
	LPX	B	0.02%
	MTH	D	0.02%
	G	B	0.02%
	ESTC	C	0.02%
	MTG	C	0.02%
	RHP	B	0.02%
	SKX	D	0.02%
	WTS	B	0.02%
	STAG	F	0.02%
	ALK	C	0.02%
	BCPC	B	0.02%
	R	B	0.02%
	JAZZ	B	0.02%
	AGCO	D	0.02%
	OMF	A	0.02%
	ONTO	D	0.02%
	GKOS	B	0.02%
	RHI	B	0.02%
	CBT	C	0.02%
	LFUS	F	0.02%
	WH	B	0.02%
	AXS	A	0.02%
	ONB	B	0.02%
	VNO	B	0.02%
	NOVT	D	0.02%
	FR	C	0.02%
	BPOP	B	0.02%
	MOG.A	B	0.02%
	CADE	B	0.02%
	RYAN	B	0.02%
	TMHC	B	0.02%
	RIVN	F	0.02%
	SNX	C	0.02%
	ESI	A	0.02%
	BMI	B	0.02%
	MEDP	D	0.02%
	ENSG	D	0.02%
	MSA	D	0.02%
	PLNT	A	0.02%
	HQY	B	0.02%
	TPX	B	0.02%
	PCTY	B	0.02%
	FBIN	D	0.02%
	WCC	B	0.02%
	BILL	A	0.02%
	HRB	D	0.02%
	ROKU	D	0.02%
	BRBR	A	0.02%
	JXN	C	0.02%
	AGNC	D	0.02%
	CHE	D	0.02%
	COKE	C	0.02%
	ALV	C	0.02%
	NYT	C	0.02%
	VMI	B	0.02%
	PB	A	0.02%
	NNN	D	0.02%
	CGNX	C	0.02%
	DAR	C	0.02%
	LAD	A	0.02%
	OSK	B	0.02%
	SNV	B	0.02%
	ESAB	B	0.02%
	CNM	D	0.02%
	VOYA	B	0.02%
	GTLS	B	0.02%
	MKSI	C	0.02%
	FRPT	B	0.02%
	SSB	B	0.02%
	PEN	B	0.02%
	EXAS	D	0.02%
	DOX	D	0.02%
	CIEN	B	0.02%
	MIDD	C	0.02%
	MTZ	B	0.02%
	MORN	B	0.02%
	GMED	A	0.02%
	CFR	B	0.02%
	KNX	B	0.02%
	SRPT	D	0.02%
	SEIC	B	0.02%
	BRX	A	0.02%
	APG	B	0.02%
	SSD	D	0.02%
	BERY	B	0.02%
	WTFC	A	0.02%
	ZION	B	0.02%
	EXEL	B	0.02%
	FND	C	0.02%
	FLS	B	0.02%
	ACI	C	0.02%
	DKS	C	0.02%
	EHC	B	0.02%
	RPRX	D	0.02%
	AAL	B	0.02%
	CBSH	A	0.02%
	ORI	A	0.02%
	REXR	F	0.02%
	CMA	A	0.02%
	BJ	A	0.02%
	TTC	D	0.02%
	SNAP	C	0.02%
	PNFP	B	0.02%
	GPK	C	0.02%
	LBRDK	C	0.02%
	HLI	B	0.02%
	WAL	B	0.02%
	DUOL	A	0.02%
	ALLY	C	0.02%
	AXTA	A	0.02%
	OKTA	C	0.02%
	AFG	A	0.02%
	PRI	A	0.02%
	CNH	C	0.02%
	COTY	F	0.01%
	ALGM	D	0.01%
	COLM	B	0.01%
	PAG	B	0.01%
	APLS	D	0.01%
	CWEN	C	0.01%
	AGR	B	0.01%
	ZI	D	0.01%
	TNET	D	0.01%
	PFSI	D	0.01%
	CACC	D	0.01%
	MSM	C	0.01%
	BOKF	B	0.01%
	BBIO	F	0.01%
	CDP	C	0.01%
	XRAY	F	0.01%
	CHWY	B	0.01%
	OPCH	D	0.01%
	SIG	B	0.01%
	NSIT	F	0.01%
	AN	C	0.01%
	M	D	0.01%
	CHH	A	0.01%
	OGN	D	0.01%
	BCO	D	0.01%
	ATKR	C	0.01%
	CWAN	B	0.01%
	DLB	B	0.01%
	EEFT	B	0.01%
	FIVE	F	0.01%
	AVT	C	0.01%
	RH	B	0.01%
	PSN	D	0.01%
	GAP	C	0.01%
	WMG	C	0.01%
	LANC	C	0.01%
	ABG	B	0.01%
	TENB	C	0.01%
	HOG	D	0.01%
	IONS	F	0.01%
	ASH	D	0.01%
	MMS	F	0.01%
	APPF	B	0.01%
	HCP	B	0.01%
	BCC	B	0.01%
	EXPO	D	0.01%
	NXST	C	0.01%
	CROX	D	0.01%
	QLYS	C	0.01%
	ZWS	B	0.01%
	OLLI	D	0.01%
	ETSY	D	0.01%
	PVH	C	0.01%
	SWX	B	0.01%
	CRUS	D	0.01%
	INSP	D	0.01%
	IBP	D	0.01%
	RMBS	C	0.01%
	FELE	B	0.01%
	VRNS	D	0.01%
	POR	C	0.01%
	BRKR	D	0.01%
	WTM	A	0.01%
	WHR	B	0.01%
	FLO	D	0.01%
	ARW	D	0.01%
	CELH	F	0.01%
	BECN	B	0.01%
	VNT	B	0.01%
	BPMC	C	0.01%
	SITE	D	0.01%
	SLGN	A	0.01%
	MAT	D	0.01%
	UGI	A	0.01%
	DOCS	C	0.01%
	LEA	D	0.01%
	ALTR	B	0.01%
	RDN	C	0.01%
	DY	D	0.01%
	HALO	F	0.01%
	OZK	B	0.01%
	SLM	A	0.01%
	AZEK	A	0.01%
	MMSI	B	0.01%
	SAIC	F	0.01%
	FOUR	B	0.01%
	ELF	C	0.01%
	THO	B	0.01%
	AWI	A	0.01%
	LYFT	C	0.01%
	BFAM	D	0.01%
	TPG	A	0.01%
	ST	F	0.01%
	TKR	D	0.01%
	CFLT	B	0.01%
	NFG	A	0.01%
	DBX	B	0.01%
	AMG	B	0.01%
	KD	B	0.01%
	HXL	D	0.01%
	BBWI	D	0.01%
	SON	D	0.01%
	SPSC	C	0.01%
	KBH	D	0.01%
	BIO	D	0.01%
	EPRT	B	0.01%
	TRNO	F	0.01%
	HOMB	A	0.01%
	FAF	A	0.01%
	ESNT	D	0.01%
	AL	B	0.01%
	KRG	B	0.01%
	MTN	C	0.01%
	LSCC	D	0.01%
	JHG	A	0.01%
	GME	C	0.01%
	ITRI	B	0.01%
	STWD	C	0.01%
	THG	A	0.01%
	ANF	C	0.01%
	SEE	C	0.01%
	RGEN	D	0.01%
	FNB	A	0.01%
	BC	C	0.01%
	EXLS	B	0.01%
	CWST	A	0.01%
	TREX	C	0.01%
	COOP	B	0.01%
	H	B	0.01%
	S	B	0.01%
	VFC	C	0.01%
	SIGI	C	0.01%
	LNC	B	0.01%
	GATX	A	0.01%
	LEVI	F	0.0%

CVLC Underweight 107 Positions Relative to PBP

	Symbol	Grade	Weight
	META	D	-2.55%
	BRK.A	B	-1.73%
	GOOG	C	-1.72%
	XOM	B	-1.08%
	JNJ	D	-0.74%
	CVX	A	-0.56%
	MCD	D	-0.43%
	PM	B	-0.4%
	MS	A	-0.33%
	RTX	C	-0.32%
	HON	B	-0.3%
	COP	C	-0.27%
	PLTR	B	-0.24%
	LMT	D	-0.23%
	CB	C	-0.22%
	BA	F	-0.2%
	MO	A	-0.19%
	SO	D	-0.19%
	DUK	C	-0.17%
	EOG	A	-0.16%
	MCK	B	-0.16%
	MMM	D	-0.15%
	GD	F	-0.15%
	WMB	A	-0.14%
	NOC	D	-0.14%
	CSX	B	-0.14%
	TDG	D	-0.14%
	FCX	D	-0.13%
	OKE	A	-0.13%
	HCA	F	-0.13%
	NXPI	D	-0.12%
	NSC	B	-0.12%
	SLB	C	-0.12%
	MPC	D	-0.11%
	PSX	C	-0.11%
	RCL	A	-0.11%
	LHX	C	-0.1%
	VST	B	-0.1%
	AEP	D	-0.1%
	KMI	A	-0.1%
	COR	B	-0.09%
	PCG	A	-0.09%
	VLO	C	-0.09%
	HWM	A	-0.09%
	NEM	D	-0.09%
	STZ	D	-0.08%
	CTVA	C	-0.08%
	HES	B	-0.08%
	TRGP	B	-0.08%
	GRMN	B	-0.07%
	VICI	C	-0.07%
	FANG	D	-0.07%
	DD	D	-0.07%
	MLM	B	-0.07%
	GPN	B	-0.06%
	CAH	B	-0.06%
	UAL	A	-0.06%
	DOW	F	-0.06%
	ETR	B	-0.06%
	EIX	B	-0.06%
	ATO	A	-0.05%
	LDOS	C	-0.05%
	EXPE	B	-0.05%
	PPL	B	-0.05%
	CCL	B	-0.05%
	DVN	F	-0.05%
	ADM	D	-0.05%
	EQT	B	-0.05%
	CPAY	A	-0.05%
	GDDY	A	-0.05%
	HAL	C	-0.05%
	J	F	-0.04%
	TSN	B	-0.04%
	CTRA	B	-0.04%
	INVH	D	-0.04%
	LUV	C	-0.04%
	CNP	B	-0.04%
	IP	B	-0.04%
	FE	C	-0.04%
	BLDR	D	-0.04%
	LYB	F	-0.04%
	VTRS	A	-0.03%
	L	A	-0.03%
	CF	B	-0.03%
	TXT	D	-0.03%
	MRO	B	-0.03%
	LVS	C	-0.03%
	HII	D	-0.02%
	MTCH	D	-0.02%
	APA	D	-0.02%
	CZR	F	-0.02%
	MGM	D	-0.02%
	WYNN	D	-0.02%
	SOLV	C	-0.02%
	PNW	B	-0.02%
	ERIE	D	-0.02%
	FOXA	B	-0.02%
	TAP	C	-0.02%
	NWSA	B	-0.02%
	AIZ	A	-0.02%
	GNRC	B	-0.02%
	NCLH	B	-0.02%
	UHS	D	-0.02%
	ALB	C	-0.02%
	NWS	B	-0.01%
	FOX	A	-0.01%
	WBA	F	-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 Dow Jones Component Insurance Products

PBP: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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