CVLC vs. USPX ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Franklin U.S. Equity Index ETF (USPX)

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

$74.52

Average Daily Volume

11,236

Number of Holdings ^*

767

* may have additional holdings in another (foreign) market

USPX

Franklin U.S. Equity Index ETF

USPX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Equity Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries that have favorable exposure to multiple investment style factors.

Grade (RS Rating)

Last Trade

$52.11

Average Daily Volume

55,292

Number of Holdings ^*

542

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	USPX
30 Days	2.60%	2.46%
60 Days	6.92%	6.91%
90 Days	9.17%	8.70%
12 Months	35.36%	35.49%

428 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in USPX	Overlap
	A	F	0.09%	0.08%	0.08%
	AAPL	C	6.29%	6.28%	6.28%
	ABBV	D	0.79%	0.68%	0.68%
	ABNB	C	0.13%	0.12%	0.12%
	ABT	C	0.45%	0.38%	0.38%
	ACGL	D	0.09%	0.07%	0.07%
	ACI	C	0.02%	0.02%	0.02%
	ACN	C	0.47%	0.44%	0.44%
	ADBE	C	0.47%	0.42%	0.42%
	ADI	F	0.23%	0.22%	0.22%
	ADP	A	0.26%	0.24%	0.24%
	ADSK	A	0.14%	0.13%	0.13%
	AEE	A	0.06%	0.04%	0.04%
	AES	F	0.02%	0.02%	0.02%
	AFG	A	0.02%	0.02%	0.02%
	AFL	C	0.13%	0.11%	0.11%
	AGR	C	0.01%	0.01%	0.01%
	AIG	B	0.12%	0.1%	0.1%
	AJG	A	0.14%	0.12%	0.12%
	AKAM	F	0.03%	0.03%	0.03%
	ALGN	F	0.03%	0.03%	0.03%
	ALL	A	0.12%	0.09%	0.09%
	ALLE	D	0.03%	0.02%	0.02%
	ALNY	D	0.08%	0.06%	0.06%
	AMAT	F	0.32%	0.31%	0.31%
	AMCR	D	0.04%	0.03%	0.03%
	AMD	F	0.49%	0.46%	0.46%
	AME	A	0.12%	0.09%	0.09%
	AMGN	F	0.38%	0.33%	0.33%
	AMP	A	0.14%	0.1%	0.1%
	AMT	F	0.22%	0.17%	0.17%
	AMZN	A	3.69%	3.84%	3.69%
	ANET	C	0.23%	0.21%	0.21%
	ANSS	B	0.06%	0.05%	0.05%
	AON	A	0.2%	0.16%	0.16%
	APD	B	0.19%	0.13%	0.13%
	APH	B	0.24%	0.17%	0.17%
	APO	B	0.16%	0.12%	0.12%
	APTV	D	0.03%	0.03%	0.03%
	ARE	F	0.05%	0.03%	0.03%
	ARES	B	0.08%	0.06%	0.06%
	AVB	A	0.08%	0.06%	0.06%
	AVGO	C	1.65%	1.62%	1.62%
	AVTR	F	0.03%	0.03%	0.03%
	AVY	F	0.04%	0.03%	0.03%
	AWK	D	0.06%	0.05%	0.05%
	AXON	B	0.09%	0.07%	0.07%
	AXP	B	0.41%	0.31%	0.31%
	AZO	C	0.11%	0.1%	0.1%
	BAC	A	0.72%	0.59%	0.59%
	BAH	C	0.05%	0.04%	0.04%
	BALL	D	0.05%	0.04%	0.04%
	BAX	F	0.04%	0.04%	0.04%
	BBY	D	0.04%	0.03%	0.03%
	BDX	D	0.15%	0.13%	0.13%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIIB	F	0.06%	0.05%	0.05%
	BK	B	0.14%	0.11%	0.11%
	BKNG	A	0.35%	0.32%	0.32%
	BKR	B	0.23%	0.08%	0.08%
	BMRN	F	0.03%	0.03%	0.03%
	BMY	B	0.25%	0.22%	0.22%
	BR	A	0.05%	0.05%	0.05%
	BRO	A	0.06%	0.05%	0.05%
	BSX	A	0.28%	0.24%	0.24%
	BURL	C	0.03%	0.03%	0.03%
	BX	A	0.31%	0.24%	0.24%
	BXP	D	0.03%	0.03%	0.03%
	C	A	0.32%	0.25%	0.25%
	CAG	F	0.04%	0.02%	0.02%
	CARR	C	0.18%	0.12%	0.12%
	CAT	C	0.53%	0.39%	0.39%
	CBRE	A	0.1%	0.08%	0.08%
	CCI	F	0.11%	0.09%	0.09%
	CCK	D	0.03%	0.02%	0.02%
	CDNS	B	0.17%	0.16%	0.16%
	CDW	F	0.06%	0.05%	0.05%
	CE	F	0.03%	0.02%	0.02%
	CEG	D	0.18%	0.15%	0.15%
	CFG	B	0.05%	0.04%	0.04%
	CG	C	0.03%	0.02%	0.02%
	CHD	B	0.05%	0.05%	0.05%
	CHTR	B	0.08%	0.08%	0.08%
	CI	D	0.19%	0.17%	0.17%
	CINF	A	0.06%	0.05%	0.05%
	CL	F	0.15%	0.15%	0.15%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.36%	0.33%	0.33%
	CME	A	0.2%	0.15%	0.15%
	CMG	B	0.22%	0.15%	0.15%
	CMI	A	0.13%	0.1%	0.1%
	CMS	C	0.05%	0.04%	0.04%
	CNC	F	0.07%	0.06%	0.06%
	CNH	D	0.03%	0.02%	0.02%
	COF	B	0.18%	0.13%	0.13%
	COIN	B	0.12%	0.1%	0.1%
	COST	B	0.79%	0.78%	0.78%
	CPB	F	0.03%	0.02%	0.02%
	CPRT	A	0.11%	0.09%	0.09%
	CPT	C	0.03%	0.02%	0.02%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.6%	0.56%	0.56%
	CRWD	B	0.15%	0.15%	0.15%
	CSCO	A	0.48%	0.45%	0.45%
	CSGP	D	0.07%	0.06%	0.06%
	CTAS	A	0.15%	0.15%	0.15%
	CTSH	A	0.08%	0.08%	0.08%
	CVS	F	0.17%	0.14%	0.14%
	D	D	0.12%	0.09%	0.09%
	DAL	A	0.09%	0.08%	0.08%
	DAY	C	0.03%	0.02%	0.02%
	DDOG	B	0.08%	0.07%	0.07%
	DE	D	0.29%	0.2%	0.2%
	DECK	B	0.05%	0.05%	0.05%
	DELL	B	0.08%	0.07%	0.07%
	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	F	0.12%	0.1%	0.1%
	DHR	F	0.36%	0.3%	0.3%
	DIS	B	0.39%	0.35%	0.35%
	DLR	C	0.14%	0.11%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.04%	0.03%	0.03%
	DOCU	B	0.03%	0.03%	0.03%
	DOV	A	0.08%	0.05%	0.05%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.06%	0.04%	0.04%
	DT	C	0.03%	0.03%	0.03%
	DTE	D	0.06%	0.04%	0.04%
	DXCM	C	0.06%	0.05%	0.05%
	EA	A	0.08%	0.07%	0.07%
	EBAY	C	0.06%	0.06%	0.06%
	ECL	C	0.17%	0.12%	0.12%
	ED	D	0.08%	0.06%	0.06%
	EFX	D	0.07%	0.06%	0.06%
	EG	D	0.04%	0.03%	0.03%
	EL	F	0.03%	0.03%	0.03%
	ELS	C	0.03%	0.02%	0.02%
	ELV	F	0.22%	0.19%	0.19%
	EMN	D	0.03%	0.02%	0.02%
	EMR	A	0.2%	0.14%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	ENTG	D	0.03%	0.03%	0.03%
	EPAM	B	0.02%	0.03%	0.02%
	EQH	B	0.04%	0.03%	0.03%
	EQIX	B	0.2%	0.17%	0.17%
	EQR	C	0.06%	0.05%	0.05%
	ES	D	0.05%	0.04%	0.04%
	ESS	C	0.05%	0.03%	0.03%
	ETN	A	0.4%	0.28%	0.28%
	EVRG	A	0.03%	0.03%	0.03%
	EW	D	0.09%	0.08%	0.08%
	EWBC	B	0.04%	0.03%	0.03%
	EXAS	F	0.02%	0.02%	0.02%
	EXC	C	0.09%	0.07%	0.07%
	EXPD	D	0.04%	0.03%	0.03%
	EXR	D	0.08%	0.07%	0.07%
	F	C	0.1%	0.08%	0.08%
	FAST	A	0.09%	0.09%	0.09%
	FCNCA	B	0.07%	0.05%	0.05%
	FDS	A	0.04%	0.04%	0.04%
	FDX	B	0.15%	0.12%	0.12%
	FFIV	A	0.03%	0.03%	0.03%
	FI	A	0.25%	0.23%	0.23%
	FICO	B	0.11%	0.1%	0.1%
	FIS	B	0.1%	0.09%	0.09%
	FITB	A	0.08%	0.06%	0.06%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.11%	0.11%	0.11%
	FTV	D	0.07%	0.05%	0.05%
	GE	C	0.5%	0.38%	0.38%
	GEHC	F	0.08%	0.07%	0.07%
	GEN	A	0.03%	0.03%	0.03%
	GEV	B	0.22%	0.18%	0.18%
	GILD	C	0.25%	0.24%	0.24%
	GIS	F	0.1%	0.07%	0.07%
	GLW	C	0.08%	0.07%	0.07%
	GM	A	0.15%	0.12%	0.12%
	GOOGL	B	3.71%	2.04%	2.04%
	GPC	D	0.03%	0.03%	0.03%
	GS	B	0.46%	0.36%	0.36%
	GWW	B	0.1%	0.09%	0.09%
	HBAN	B	0.06%	0.05%	0.05%
	HD	B	0.76%	0.76%	0.76%
	HEI	B	0.07%	0.02%	0.02%
	HEI	B	0.07%	0.03%	0.03%
	HIG	C	0.08%	0.07%	0.07%
	HLT	A	0.13%	0.11%	0.11%
	HOLX	D	0.04%	0.04%	0.04%
	HPE	B	0.06%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.03%	0.02%	0.02%
	HST	C	0.03%	0.02%	0.02%
	HSY	D	0.07%	0.05%	0.05%
	HUBB	B	0.07%	0.05%	0.05%
	HUBS	B	0.06%	0.06%	0.06%
	HUM	D	0.08%	0.07%	0.07%
	IBM	C	0.41%	0.38%	0.38%
	ICE	D	0.22%	0.17%	0.17%
	IDXX	D	0.08%	0.07%	0.07%
	IEX	B	0.05%	0.04%	0.04%
	IFF	F	0.06%	0.05%	0.05%
	ILMN	C	0.05%	0.05%	0.05%
	INCY	B	0.03%	0.03%	0.03%
	INTC	C	0.22%	0.22%	0.22%
	INTU	A	0.37%	0.36%	0.36%
	IPG	F	0.03%	0.02%	0.02%
	IQV	F	0.09%	0.07%	0.07%
	IR	A	0.12%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.4%	0.36%	0.36%
	IT	A	0.09%	0.08%	0.08%
	ITW	A	0.23%	0.16%	0.16%
	JBHT	B	0.04%	0.03%	0.03%
	JCI	A	0.15%	0.1%	0.1%
	JKHY	C	0.03%	0.03%	0.03%
	JNPR	D	0.03%	0.02%	0.02%
	JPM	B	1.43%	1.29%	1.29%
	K	A	0.06%	0.04%	0.04%
	KDP	D	0.1%	0.07%	0.07%
	KEY	B	0.05%	0.03%	0.03%
	KEYS	C	0.08%	0.06%	0.06%
	KHC	F	0.08%	0.06%	0.06%
	KIM	A	0.04%	0.03%	0.03%
	KKR	B	0.25%	0.19%	0.19%
	KLAC	F	0.19%	0.18%	0.18%
	KMB	F	0.09%	0.09%	0.09%
	KMX	C	0.02%	0.02%	0.02%
	KO	F	0.57%	0.48%	0.48%
	KR	A	0.12%	0.08%	0.08%
	KVUE	B	0.09%	0.08%	0.08%
	LEN	D	0.1%	0.08%	0.08%
	LH	A	0.04%	0.04%	0.04%
	LII	B	0.05%	0.05%	0.05%
	LIN	D	0.53%	0.43%	0.43%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	F	1.32%	1.3%	1.3%
	LNT	C	0.04%	0.03%	0.03%
	LOW	B	0.29%	0.3%	0.29%
	LPLA	B	0.06%	0.05%	0.05%
	LRCX	F	0.21%	0.2%	0.2%
	LULU	C	0.07%	0.07%	0.07%
	LW	C	0.03%	0.02%	0.02%
	LYV	B	0.04%	0.03%	0.03%
	MA	B	0.9%	0.81%	0.81%
	MAA	C	0.04%	0.04%	0.04%
	MAR	A	0.14%	0.13%	0.13%
	MAS	D	0.03%	0.03%	0.03%
	MCHP	F	0.08%	0.08%	0.08%
	MCO	C	0.16%	0.14%	0.14%
	MDB	C	0.04%	0.05%	0.04%
	MDLZ	F	0.25%	0.17%	0.17%
	MDT	D	0.26%	0.22%	0.22%
	MET	C	0.12%	0.09%	0.09%
	MKC	D	0.06%	0.04%	0.04%
	MMC	C	0.27%	0.21%	0.21%
	MNST	B	0.11%	0.07%	0.07%
	MOH	F	0.04%	0.04%	0.04%
	MOS	D	0.02%	0.02%	0.02%
	MPWR	F	0.08%	0.07%	0.07%
	MRK	F	0.57%	0.49%	0.49%
	MRNA	F	0.04%	0.03%	0.03%
	MRVL	B	0.16%	0.15%	0.15%
	MSCI	B	0.1%	0.09%	0.09%
	MSFT	C	5.74%	6.1%	5.74%
	MSI	B	0.16%	0.14%	0.14%
	MTB	B	0.09%	0.06%	0.06%
	MTD	F	0.06%	0.06%	0.06%
	MU	D	0.26%	0.24%	0.24%
	NBIX	C	0.03%	0.02%	0.02%
	NDAQ	A	0.08%	0.06%	0.06%
	NEE	D	0.37%	0.29%	0.29%
	NET	B	0.06%	0.05%	0.05%
	NFLX	A	0.7%	0.67%	0.67%
	NI	A	0.04%	0.03%	0.03%
	NKE	F	0.18%	0.17%	0.17%
	NOW	A	0.43%	0.39%	0.39%
	NRG	B	0.05%	0.04%	0.04%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	A	0.05%	0.04%	0.04%
	NUE	C	0.22%	0.07%	0.07%
	NVDA	B	6.41%	6.81%	6.41%
	NVR	D	0.06%	0.05%	0.05%
	O	D	0.12%	0.09%	0.09%
	OC	A	0.09%	0.03%	0.03%
	ODFL	B	0.1%	0.09%	0.09%
	OKTA	C	0.03%	0.02%	0.02%
	OMC	B	0.04%	0.04%	0.04%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.61%	0.58%	0.58%
	ORLY	A	0.14%	0.14%	0.14%
	OTIS	C	0.11%	0.08%	0.08%
	OXY	D	0.19%	0.06%	0.06%
	PANW	A	0.26%	0.24%	0.24%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.1%	0.09%	0.09%
	PCAR	B	0.17%	0.11%	0.11%
	PEG	C	0.1%	0.08%	0.08%
	PEP	D	0.55%	0.43%	0.43%
	PFE	F	0.34%	0.3%	0.3%
	PFG	C	0.05%	0.04%	0.04%
	PG	C	0.75%	0.74%	0.74%
	PGR	A	0.37%	0.28%	0.28%
	PH	A	0.25%	0.17%	0.17%
	PHM	D	0.06%	0.06%	0.06%
	PINS	F	0.04%	0.04%	0.04%
	PKG	B	0.06%	0.04%	0.04%
	PLD	D	0.25%	0.21%	0.21%
	PNC	B	0.2%	0.16%	0.16%
	PNR	A	0.05%	0.03%	0.03%
	PODD	B	0.04%	0.04%	0.04%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.08%	0.06%	0.06%
	PRU	B	0.11%	0.09%	0.09%
	PSA	C	0.12%	0.1%	0.1%
	PTC	B	0.05%	0.04%	0.04%
	PWR	B	0.11%	0.09%	0.09%
	PYPL	A	0.17%	0.16%	0.16%
	QCOM	F	0.4%	0.37%	0.37%
	QRVO	F	0.01%	0.01%	0.01%
	RBLX	B	0.06%	0.05%	0.05%
	REG	A	0.03%	0.03%	0.03%
	REGN	F	0.19%	0.17%	0.17%
	RF	B	0.06%	0.05%	0.05%
	RGA	A	0.04%	0.03%	0.03%
	RJF	A	0.07%	0.06%	0.06%
	RMD	C	0.08%	0.07%	0.07%
	ROK	B	0.09%	0.06%	0.06%
	ROL	B	0.03%	0.03%	0.03%
	ROP	A	0.13%	0.11%	0.11%
	ROST	F	0.09%	0.09%	0.09%
	RPRX	F	0.02%	0.02%	0.02%
	RSG	A	0.1%	0.08%	0.08%
	RVTY	C	0.03%	0.03%	0.03%
	SBAC	D	0.06%	0.04%	0.04%
	SBUX	B	0.3%	0.21%	0.21%
	SCHW	A	0.28%	0.2%	0.2%
	SHW	A	0.24%	0.18%	0.18%
	SJM	F	0.03%	0.02%	0.02%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.05%	0.04%	0.04%
	SNAP	C	0.03%	0.03%	0.03%
	SNOW	C	0.08%	0.08%	0.08%
	SNPS	B	0.18%	0.18%	0.18%
	SPG	B	0.14%	0.1%	0.1%
	SPGI	C	0.34%	0.3%	0.3%
	SQ	B	0.09%	0.08%	0.08%
	SRE	A	0.13%	0.11%	0.11%
	SSNC	C	0.03%	0.03%	0.03%
	STE	F	0.05%	0.04%	0.04%
	STLD	B	0.12%	0.04%	0.04%
	STT	B	0.07%	0.06%	0.06%
	STX	D	0.05%	0.04%	0.04%
	SUI	D	0.04%	0.03%	0.03%
	SW	C	0.08%	0.05%	0.05%
	SWK	F	0.04%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.07%	0.05%	0.05%
	SYK	A	0.29%	0.25%	0.25%
	SYY	B	0.11%	0.07%	0.07%
	T	A	0.33%	0.3%	0.3%
	TDY	A	0.06%	0.04%	0.04%
	TEAM	B	0.07%	0.07%	0.07%
	TECH	B	0.03%	0.02%	0.02%
	TER	F	0.04%	0.03%	0.03%
	TFC	B	0.15%	0.12%	0.12%
	TFX	F	0.02%	0.02%	0.02%
	TGT	C	0.13%	0.13%	0.13%
	TJX	B	0.26%	0.25%	0.25%
	TMO	F	0.47%	0.41%	0.41%
	TMUS	A	0.24%	0.22%	0.22%
	TRMB	B	0.05%	0.03%	0.03%
	TROW	B	0.06%	0.05%	0.05%
	TRU	D	0.04%	0.04%	0.04%
	TRV	B	0.14%	0.11%	0.11%
	TSCO	C	0.06%	0.06%	0.06%
	TSLA	B	1.65%	1.59%	1.59%
	TT	A	0.24%	0.17%	0.17%
	TTD	B	0.12%	0.12%	0.12%
	TTWO	A	0.06%	0.05%	0.05%
	TWLO	A	0.03%	0.03%	0.03%
	TXN	C	0.41%	0.38%	0.38%
	TYL	B	0.05%	0.05%	0.05%
	UBER	F	0.31%	0.28%	0.28%
	UDR	C	0.03%	0.03%	0.03%
	ULTA	C	0.04%	0.03%	0.03%
	UNH	B	1.14%	1.07%	1.07%
	UNP	C	0.35%	0.29%	0.29%
	UPS	C	0.23%	0.19%	0.19%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.2%	0.15%	0.15%
	V	A	1.07%	0.98%	0.98%
	VEEV	B	0.07%	0.06%	0.06%
	VLTO	C	0.05%	0.05%	0.05%
	VMC	B	0.21%	0.08%	0.08%
	VRSK	A	0.09%	0.08%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRT	B	0.12%	0.08%	0.08%
	VRTX	B	0.28%	0.25%	0.25%
	VTR	C	0.06%	0.05%	0.05%
	VZ	C	0.36%	0.33%	0.33%
	WAB	A	0.1%	0.07%	0.07%
	WAT	A	0.05%	0.04%	0.04%
	WBD	B	0.04%	0.04%	0.04%
	WDAY	B	0.11%	0.11%	0.11%
	WDC	D	0.05%	0.04%	0.04%
	WEC	B	0.07%	0.06%	0.06%
	WELL	B	0.2%	0.16%	0.16%
	WFC	A	0.61%	0.46%	0.46%
	WM	A	0.21%	0.15%	0.15%
	WMT	A	0.71%	0.7%	0.7%
	WPC	F	0.03%	0.02%	0.02%
	WRB	B	0.04%	0.03%	0.03%
	WSO	A	0.05%	0.04%	0.04%
	WST	B	0.05%	0.05%	0.05%
	WTW	A	0.08%	0.06%	0.06%
	WY	F	0.04%	0.04%	0.04%
	XEL	A	0.09%	0.07%	0.07%
	XYL	D	0.08%	0.06%	0.06%
	YUM	B	0.11%	0.07%	0.07%
	Z	B	0.02%	0.02%	0.02%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	A	0.04%	0.05%	0.04%
	ZM	B	0.04%	0.04%	0.04%
	ZS	B	0.04%	0.04%	0.04%
	ZTS	D	0.17%	0.15%	0.15%

CVLC Overweight 340 Positions Relative to USPX

	Symbol	Grade	Weight
	CSL	B	0.11%
	RS	B	0.1%
	APP	B	0.07%
	EME	B	0.06%
	CBOE	D	0.05%
	CVNA	B	0.05%
	SAIA	B	0.04%
	NVT	B	0.04%
	MANH	C	0.04%
	TW	C	0.04%
	COHR	B	0.04%
	TOL	C	0.04%
	ACM	B	0.04%
	TXRH	A	0.04%
	FIX	B	0.04%
	PFGC	B	0.04%
	UTHR	B	0.04%
	ATI	D	0.04%
	CMC	B	0.04%
	SFM	B	0.04%
	NDSN	B	0.04%
	CW	B	0.04%
	XPO	B	0.04%
	GGG	B	0.04%
	CASY	B	0.04%
	IBKR	A	0.04%
	USFD	A	0.04%
	WBS	A	0.03%
	DUOL	B	0.03%
	CUBE	D	0.03%
	AOS	F	0.03%
	SRPT	F	0.03%
	ALLY	C	0.03%
	WAL	B	0.03%
	DCI	A	0.03%
	WING	D	0.03%
	FHN	A	0.03%
	AFRM	B	0.03%
	TOST	A	0.03%
	WTRG	C	0.03%
	BLD	F	0.03%
	WWD	B	0.03%
	SCI	B	0.03%
	AYI	B	0.03%
	INGR	B	0.03%
	EVR	B	0.03%
	LBRDK	C	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%
	CHRW	A	0.03%
	JLL	C	0.03%
	TTEK	C	0.03%
	SOFI	B	0.03%
	WSM	F	0.03%
	WMS	F	0.03%
	JBL	C	0.03%
	OWL	B	0.03%
	CLH	B	0.03%
	ATR	A	0.03%
	UNM	A	0.03%
	NTNX	B	0.03%
	GWRE	A	0.03%
	LECO	C	0.03%
	SUM	C	0.03%
	RRX	C	0.03%
	RNR	D	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%
	DVA	C	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%
	SNX	C	0.02%
	WCC	B	0.02%
	HRB	D	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%
	DKS	F	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%
	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%
	BJ	B	0.02%
	CTLT	D	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%
	HLI	B	0.02%
	OHI	C	0.02%
	COTY	F	0.01%
	COLM	B	0.01%
	PAG	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 USPX

	Symbol	Grade	Weight
	META	B	-2.49%
	GOOG	B	-1.83%
	BRK.A	B	-1.6%
	XOM	B	-1.04%
	JNJ	D	-0.73%
	CVX	B	-0.51%
	MCD	C	-0.41%
	PM	C	-0.37%
	RTX	C	-0.31%
	MS	A	-0.31%
	HON	B	-0.27%
	COP	C	-0.25%
	LMT	C	-0.23%
	BA	F	-0.21%
	PLTR	B	-0.21%
	CB	C	-0.2%
	MO	A	-0.18%
	SO	D	-0.18%
	DUK	D	-0.17%
	MELI	D	-0.17%
	MCK	A	-0.16%
	NOC	C	-0.14%
	EOG	A	-0.14%
	GD	A	-0.14%
	MMM	C	-0.14%
	TDG	B	-0.14%
	WMB	B	-0.13%
	CSX	B	-0.13%
	FCX	F	-0.13%
	OKE	A	-0.12%
	NXPI	F	-0.12%
	SLB	C	-0.12%
	HCA	D	-0.12%
	NSC	B	-0.11%
	LHX	A	-0.1%
	AEP	D	-0.1%
	KMI	B	-0.1%
	MPC	D	-0.1%
	NEM	F	-0.1%
	RCL	A	-0.1%
	PSX	D	-0.1%
	DASH	A	-0.1%
	LNG	B	-0.09%
	COR	A	-0.09%
	HWM	A	-0.09%
	HES	C	-0.08%
	TRGP	B	-0.08%
	CTVA	C	-0.08%
	VST	B	-0.08%
	VLO	D	-0.08%
	PCG	A	-0.08%
	DOW	F	-0.07%
	DD	D	-0.07%
	MLM	B	-0.07%
	STZ	D	-0.07%
	UAL	B	-0.06%
	GPN	B	-0.06%
	CPNG	B	-0.06%
	EIX	C	-0.06%
	ETR	B	-0.06%
	VICI	D	-0.06%
	FANG	D	-0.06%
	GRMN	A	-0.06%
	EQT	B	-0.05%
	PPL	A	-0.05%
	GDDY	A	-0.05%
	DVN	F	-0.05%
	ADM	F	-0.05%
	HAL	C	-0.05%
	TPL	B	-0.05%
	LDOS	B	-0.05%
	CAH	A	-0.05%
	CTRA	B	-0.04%
	LUV	B	-0.04%
	CNP	B	-0.04%
	IP	C	-0.04%
	INVH	D	-0.04%
	CPAY	A	-0.04%
	EXPE	B	-0.04%
	FE	D	-0.04%
	BLDR	D	-0.04%
	LVS	C	-0.04%
	MKL	A	-0.04%
	ATO	A	-0.04%
	LYB	F	-0.04%
	CCL	A	-0.04%
	L	A	-0.03%
	CF	B	-0.03%
	VTRS	B	-0.03%
	FNF	C	-0.03%
	MRO	B	-0.03%
	TSN	C	-0.03%
	J	B	-0.03%
	TXT	C	-0.03%
	FLEX	B	-0.03%
	HII	D	-0.02%
	APA	F	-0.02%
	WYNN	F	-0.02%
	MGM	D	-0.02%
	SCCO	F	-0.02%
	TAP	B	-0.02%
	FOXA	A	-0.02%
	NWSA	B	-0.02%
	ALB	B	-0.02%
	UHS	D	-0.02%
	NWS	B	-0.01%
	ZG	B	-0.01%
	WLK	F	-0.01%
	FOX	A	-0.01%
	SIRI	D	-0.01%
	U	F	-0.01%
	WBA	D	-0.01%
	BSY	F	-0.01%
	CRBG	C	-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

USPX: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Diagnostics & Research Semiconductors Asset Management Aerospace & Defense Banks - Regional - US Oil & Gas E&P Biotechnology Capital Markets Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods REIT - Residential Software - Infrastructure Specialty Chemicals Specialty Retail Medical Devices

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