CVMC vs. MFUS ETF Comparison

Comparison of Calvert US Mid-Cap Core Responsible Index ETF (CVMC) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

CVMC

Calvert US Mid-Cap Core Responsible Index ETF

CVMC 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 mid-size companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$61.39

Average Daily Volume

2,249

Number of Holdings ^*

606

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$50.86

Average Daily Volume

5,340

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

Performance

Period	CVMC	MFUS
30 Days	0.42%	-1.04%
60 Days	3.40%	1.72%
90 Days	5.92%	4.04%
12 Months	27.77%	30.11%

380 Overlapping Holdings

	Symbol	Grade	Weight in CVMC	Weight in MFUS	Overlap
	A	F	0.38%	0.05%	0.05%
	ABG	B	0.05%	0.08%	0.05%
	ACI	C	0.08%	0.01%	0.01%
	ACM	B	0.16%	0.03%	0.03%
	ADSK	B	0.64%	0.09%	0.09%
	AES	F	0.11%	0.01%	0.01%
	AGCO	F	0.07%	0.02%	0.02%
	AGNC	C	0.07%	0.04%	0.04%
	AKAM	F	0.14%	0.02%	0.02%
	ALGN	D	0.17%	0.01%	0.01%
	ALL	A	0.5%	0.26%	0.26%
	ALLY	C	0.1%	0.05%	0.05%
	ALNY	D	0.35%	0.06%	0.06%
	ALSN	B	0.12%	0.11%	0.11%
	AMG	C	0.05%	0.06%	0.05%
	AMP	A	0.54%	0.18%	0.18%
	AN	D	0.04%	0.06%	0.04%
	ANF	C	0.07%	0.25%	0.07%
	ANSS	B	0.3%	0.05%	0.05%
	AOS	F	0.1%	0.08%	0.08%
	APG	C	0.1%	0.02%	0.02%
	APP	A	0.55%	0.11%	0.11%
	ARES	A	0.3%	0.09%	0.09%
	ARMK	C	0.11%	0.01%	0.01%
	ARW	F	0.06%	0.04%	0.04%
	ATI	C	0.12%	0.04%	0.04%
	ATR	B	0.13%	0.08%	0.08%
	AVB	B	0.34%	0.03%	0.03%
	AVT	C	0.04%	0.04%	0.04%
	AVTR	F	0.15%	0.03%	0.03%
	AVY	D	0.18%	0.09%	0.09%
	AWI	B	0.06%	0.04%	0.04%
	AXTA	B	0.1%	0.02%	0.02%
	AYI	B	0.12%	0.1%	0.1%
	BAH	D	0.22%	0.15%	0.15%
	BALL	D	0.21%	0.07%	0.07%
	BAX	F	0.18%	0.04%	0.04%
	BBWI	C	0.06%	0.01%	0.01%
	BBY	D	0.17%	0.21%	0.17%
	BC	D	0.06%	0.06%	0.06%
	BCC	C	0.05%	0.07%	0.05%
	BEN	C	0.06%	0.02%	0.02%
	BERY	D	0.09%	0.06%	0.06%
	BFAM	F	0.07%	0.02%	0.02%
	BIIB	F	0.26%	0.07%	0.07%
	BJ	B	0.11%	0.03%	0.03%
	BK	B	0.55%	0.18%	0.18%
	BKR	B	0.45%	0.08%	0.08%
	BLD	F	0.12%	0.03%	0.03%
	BMRN	F	0.13%	0.01%	0.01%
	BR	B	0.27%	0.17%	0.17%
	BRKR	F	0.06%	0.02%	0.02%
	BRO	B	0.29%	0.12%	0.12%
	BURL	A	0.16%	0.03%	0.03%
	BWA	D	0.11%	0.01%	0.01%
	BXP	D	0.14%	0.02%	0.02%
	CACC	F	0.03%	0.01%	0.01%
	CADE	B	0.07%	0.01%	0.01%
	CAG	F	0.14%	0.04%	0.04%
	CASY	A	0.16%	0.16%	0.16%
	CBRE	B	0.42%	0.05%	0.05%
	CBSH	A	0.09%	0.01%	0.01%
	CBT	C	0.07%	0.05%	0.05%
	CCI	C	0.44%	0.07%	0.07%
	CCK	D	0.12%	0.06%	0.06%
	CDP	C	0.04%	0.03%	0.03%
	CDW	F	0.25%	0.03%	0.03%
	CE	F	0.09%	0.02%	0.02%
	CFG	B	0.2%	0.04%	0.04%
	CFR	B	0.08%	0.01%	0.01%
	CG	B	0.1%	0.03%	0.03%
	CHD	A	0.25%	0.07%	0.07%
	CHE	F	0.09%	0.06%	0.06%
	CHRW	B	0.18%	0.14%	0.14%
	CHTR	B	0.39%	0.3%	0.3%
	CINF	A	0.22%	0.02%	0.02%
	CLH	C	0.14%	0.04%	0.04%
	CLX	A	0.2%	0.12%	0.12%
	CMA	B	0.09%	0.04%	0.04%
	CMC	B	0.14%	0.06%	0.06%
	CMI	A	0.5%	0.14%	0.14%
	CMS	C	0.23%	0.03%	0.03%
	CNC	F	0.31%	0.04%	0.04%
	CNM	C	0.08%	0.01%	0.01%
	COHR	B	0.15%	0.03%	0.03%
	COKE	C	0.07%	0.03%	0.03%
	COLD	F	0.07%	0.03%	0.03%
	COOP	B	0.06%	0.05%	0.05%
	CPB	D	0.1%	0.04%	0.04%
	CPT	C	0.14%	0.06%	0.06%
	CROX	F	0.05%	0.01%	0.01%
	CRUS	F	0.06%	0.04%	0.04%
	CSL	C	0.25%	0.02%	0.02%
	CTLT	D	0.11%	0.02%	0.02%
	CUBE	C	0.12%	0.04%	0.04%
	CVLT	B	0.08%	0.04%	0.04%
	CW	B	0.16%	0.11%	0.11%
	CWEN	C	0.03%	0.01%	0.01%
	D	C	0.47%	0.07%	0.07%
	DCI	B	0.11%	0.04%	0.04%
	DECK	A	0.26%	0.17%	0.17%
	DFS	B	0.42%	0.1%	0.1%
	DG	F	0.16%	0.09%	0.09%
	DGX	A	0.19%	0.09%	0.09%
	DKS	D	0.11%	0.08%	0.08%
	DLB	F	0.04%	0.02%	0.02%
	DLTR	F	0.13%	0.03%	0.03%
	DOV	B	0.31%	0.04%	0.04%
	DOX	D	0.1%	0.03%	0.03%
	DPZ	C	0.17%	0.13%	0.13%
	DRI	C	0.22%	0.03%	0.03%
	DTE	C	0.28%	0.02%	0.02%
	DVA	C	0.08%	0.16%	0.08%
	DY	C	0.06%	0.01%	0.01%
	EA	A	0.4%	0.18%	0.18%
	EBAY	D	0.29%	0.36%	0.29%
	ED	C	0.34%	0.05%	0.05%
	EFX	F	0.33%	0.11%	0.11%
	EHC	B	0.11%	0.09%	0.09%
	ELAN	D	0.07%	0.01%	0.01%
	ELS	B	0.14%	0.04%	0.04%
	EME	A	0.26%	0.04%	0.04%
	EMN	D	0.13%	0.04%	0.04%
	EQH	B	0.15%	0.08%	0.08%
	EQR	C	0.3%	0.04%	0.04%
	ES	C	0.25%	0.03%	0.03%
	ESAB	C	0.08%	0.01%	0.01%
	ESI	B	0.07%	0.01%	0.01%
	ESNT	D	0.06%	0.01%	0.01%
	ESS	A	0.22%	0.04%	0.04%
	EVR	B	0.1%	0.13%	0.1%
	EVRG	A	0.16%	0.02%	0.02%
	EWBC	A	0.14%	0.02%	0.02%
	EXC	C	0.39%	0.07%	0.07%
	EXEL	B	0.11%	0.05%	0.05%
	EXPD	D	0.21%	0.11%	0.11%
	EXR	C	0.35%	0.11%	0.11%
	FAF	C	0.07%	0.02%	0.02%
	FAST	B	0.45%	0.13%	0.13%
	FCN	F	0.08%	0.05%	0.05%
	FCNCA	A	0.25%	0.06%	0.06%
	FDS	B	0.21%	0.04%	0.04%
	FELE	B	0.05%	0.01%	0.01%
	FFIV	B	0.14%	0.06%	0.06%
	FHN	A	0.1%	0.01%	0.01%
	FICO	B	0.57%	0.25%	0.25%
	FIS	C	0.48%	0.07%	0.07%
	FITB	B	0.31%	0.04%	0.04%
	FIX	A	0.17%	0.06%	0.06%
	FLO	D	0.05%	0.04%	0.04%
	FR	C	0.08%	0.01%	0.01%
	FTNT	B	0.59%	0.07%	0.07%
	G	B	0.08%	0.06%	0.06%
	GAP	D	0.05%	0.06%	0.05%
	GATX	B	0.06%	0.04%	0.04%
	GEHC	D	0.37%	0.07%	0.07%
	GEN	B	0.17%	0.11%	0.11%
	GGG	B	0.17%	0.03%	0.03%
	GIS	F	0.37%	0.17%	0.17%
	GLW	B	0.38%	0.2%	0.2%
	GME	C	0.07%	0.02%	0.02%
	GMED	A	0.1%	0.03%	0.03%
	GPK	D	0.1%	0.08%	0.08%
	GWRE	A	0.16%	0.02%	0.02%
	GWW	B	0.5%	0.21%	0.21%
	H	B	0.08%	0.01%	0.01%
	HBAN	B	0.24%	0.03%	0.03%
	HEI	A	0.31%	0.04%	0.04%
	HIG	B	0.33%	0.06%	0.06%
	HLI	B	0.09%	0.08%	0.08%
	HOG	F	0.06%	0.02%	0.02%
	HOLX	D	0.19%	0.03%	0.03%
	HPE	B	0.28%	0.11%	0.11%
	HPQ	B	0.36%	0.28%	0.28%
	HRB	D	0.09%	0.08%	0.08%
	HRL	D	0.1%	0.02%	0.02%
	HSIC	C	0.09%	0.03%	0.03%
	HST	D	0.14%	0.02%	0.02%
	HSY	F	0.29%	0.05%	0.05%
	HUBB	B	0.27%	0.03%	0.03%
	HXL	F	0.06%	0.03%	0.03%
	IDXX	F	0.35%	0.05%	0.05%
	IEX	B	0.2%	0.09%	0.09%
	IFF	D	0.23%	0.03%	0.03%
	INCY	C	0.16%	0.01%	0.01%
	INGR	B	0.1%	0.07%	0.07%
	IPG	F	0.12%	0.04%	0.04%
	IR	B	0.43%	0.09%	0.09%
	IRM	C	0.34%	0.12%	0.12%
	IT	C	0.42%	0.15%	0.15%
	ITT	A	0.14%	0.08%	0.08%
	IVZ	C	0.08%	0.03%	0.03%
	JBHT	C	0.2%	0.02%	0.02%
	JBL	C	0.14%	0.03%	0.03%
	JEF	A	0.12%	0.03%	0.03%
	JHG	B	0.06%	0.04%	0.04%
	JKHY	D	0.13%	0.1%	0.1%
	JLL	D	0.14%	0.06%	0.06%
	JNPR	D	0.13%	0.13%	0.13%
	JXN	C	0.07%	0.1%	0.07%
	K	B	0.23%	0.15%	0.15%
	KBH	D	0.06%	0.03%	0.03%
	KD	A	0.07%	0.05%	0.05%
	KEY	B	0.17%	0.03%	0.03%
	KHC	F	0.3%	0.15%	0.15%
	KIM	A	0.18%	0.02%	0.02%
	KMB	C	0.42%	0.16%	0.16%
	KNX	B	0.12%	0.01%	0.01%
	KR	B	0.44%	0.38%	0.38%
	LAD	B	0.09%	0.02%	0.02%
	LAMR	D	0.12%	0.05%	0.05%
	LANC	D	0.04%	0.04%	0.04%
	LBRDK	C	0.12%	0.03%	0.03%
	LEA	F	0.08%	0.01%	0.01%
	LECO	C	0.13%	0.06%	0.06%
	LEN	D	0.42%	0.06%	0.06%
	LII	A	0.23%	0.21%	0.21%
	LNC	B	0.06%	0.03%	0.03%
	LNT	A	0.17%	0.02%	0.02%
	LPLA	A	0.23%	0.07%	0.07%
	LPX	B	0.07%	0.08%	0.07%
	LSTR	D	0.09%	0.09%	0.09%
	LW	C	0.12%	0.03%	0.03%
	M	D	0.04%	0.02%	0.02%
	MAA	A	0.21%	0.02%	0.02%
	MANH	D	0.17%	0.03%	0.03%
	MAS	D	0.16%	0.06%	0.06%
	MHK	D	0.07%	0.01%	0.01%
	MKC	D	0.22%	0.05%	0.05%
	MKSI	C	0.09%	0.01%	0.01%
	MKTX	D	0.11%	0.02%	0.02%
	MLI	B	0.11%	0.09%	0.09%
	MMS	D	0.05%	0.05%	0.05%
	MOG.A	B	0.07%	0.05%	0.05%
	MORN	B	0.11%	0.03%	0.03%
	MOS	D	0.1%	0.01%	0.01%
	MPWR	F	0.27%	0.06%	0.06%
	MSA	D	0.07%	0.02%	0.02%
	MSCI	B	0.46%	0.07%	0.07%
	MSM	D	0.04%	0.06%	0.04%
	MTB	A	0.34%	0.04%	0.04%
	MTD	F	0.28%	0.08%	0.08%
	MTG	D	0.06%	0.02%	0.02%
	MTH	D	0.07%	0.06%	0.06%
	MTN	C	0.07%	0.05%	0.05%
	NBIX	C	0.13%	0.04%	0.04%
	NDAQ	A	0.31%	0.05%	0.05%
	NDSN	D	0.16%	0.04%	0.04%
	NFG	A	0.06%	0.05%	0.05%
	NI	A	0.18%	0.02%	0.02%
	NNN	C	0.09%	0.01%	0.01%
	NRG	B	0.21%	0.07%	0.07%
	NSIT	F	0.04%	0.05%	0.04%
	NTAP	C	0.25%	0.1%	0.1%
	NTRS	A	0.2%	0.03%	0.03%
	NUE	D	0.36%	0.08%	0.08%
	NVR	D	0.31%	0.09%	0.09%
	NXST	C	0.06%	0.05%	0.05%
	NYT	D	0.1%	0.03%	0.03%
	OC	A	0.22%	0.02%	0.02%
	ODFL	B	0.43%	0.02%	0.02%
	OGN	F	0.04%	0.04%	0.04%
	OHI	B	0.12%	0.02%	0.02%
	OMC	C	0.23%	0.06%	0.06%
	OMF	A	0.06%	0.03%	0.03%
	ONB	B	0.07%	0.01%	0.01%
	OSK	C	0.08%	0.04%	0.04%
	OTIS	C	0.41%	0.07%	0.07%
	PAG	B	0.03%	0.02%	0.02%
	PARA	D	0.08%	0.01%	0.01%
	PAYX	B	0.47%	0.04%	0.04%
	PB	A	0.07%	0.01%	0.01%
	PEG	C	0.44%	0.06%	0.06%
	PFG	C	0.19%	0.01%	0.01%
	PFSI	C	0.03%	0.02%	0.02%
	PHM	D	0.29%	0.1%	0.1%
	PKG	B	0.24%	0.1%	0.1%
	PNR	B	0.2%	0.02%	0.02%
	POOL	D	0.13%	0.07%	0.07%
	PPG	F	0.31%	0.04%	0.04%
	PRU	B	0.44%	0.23%	0.23%
	PSN	C	0.05%	0.02%	0.02%
	PSTG	F	0.16%	0.04%	0.04%
	PTC	B	0.23%	0.04%	0.04%
	PVH	C	0.05%	0.02%	0.02%
	PWR	A	0.48%	0.12%	0.12%
	QRVO	F	0.06%	0.01%	0.01%
	R	B	0.1%	0.07%	0.07%
	RDN	D	0.05%	0.01%	0.01%
	RF	A	0.23%	0.02%	0.02%
	RGA	B	0.15%	0.06%	0.06%
	RHI	C	0.09%	0.02%	0.02%
	RL	C	0.08%	0.03%	0.03%
	RMD	C	0.35%	0.16%	0.16%
	ROL	B	0.16%	0.07%	0.07%
	RPRX	F	0.11%	0.03%	0.03%
	RS	B	0.22%	0.04%	0.04%
	RVTY	D	0.16%	0.01%	0.01%
	SAIC	F	0.07%	0.01%	0.01%
	SBAC	D	0.26%	0.03%	0.03%
	SCI	A	0.13%	0.07%	0.07%
	SEE	D	0.06%	0.06%	0.06%
	SEIC	B	0.08%	0.09%	0.08%
	SF	B	0.11%	0.02%	0.02%
	SFM	A	0.15%	0.25%	0.15%
	SIG	C	0.04%	0.04%	0.04%
	SIGI	B	0.06%	0.01%	0.01%
	SJM	D	0.13%	0.04%	0.04%
	SKX	F	0.08%	0.02%	0.02%
	SLGN	A	0.05%	0.05%	0.05%
	SLM	B	0.05%	0.06%	0.05%
	SMCI	F	0.09%	0.05%	0.05%
	SNV	B	0.08%	0.02%	0.02%
	SON	F	0.06%	0.04%	0.04%
	SQ	A	0.47%	0.06%	0.06%
	SSB	B	0.08%	0.01%	0.01%
	SSNC	C	0.16%	0.02%	0.02%
	STE	D	0.24%	0.07%	0.07%
	STLD	B	0.25%	0.04%	0.04%
	SUI	C	0.17%	0.05%	0.05%
	SWX	A	0.05%	0.01%	0.01%
	SYF	B	0.25%	0.31%	0.25%
	SYY	D	0.38%	0.12%	0.12%
	TER	F	0.18%	0.03%	0.03%
	TFX	F	0.1%	0.02%	0.02%
	THG	A	0.06%	0.05%	0.05%
	THO	C	0.08%	0.07%	0.07%
	TKR	F	0.05%	0.04%	0.04%
	TMHC	B	0.08%	0.09%	0.08%
	TNET	F	0.04%	0.01%	0.01%
	TOL	B	0.17%	0.06%	0.06%
	TPR	B	0.13%	0.01%	0.01%
	TPX	B	0.09%	0.03%	0.03%
	TROW	B	0.25%	0.09%	0.09%
	TSCO	D	0.28%	0.11%	0.11%
	TTC	F	0.1%	0.06%	0.06%
	TTEK	F	0.12%	0.01%	0.01%
	TTWO	A	0.3%	0.07%	0.07%
	TW	A	0.14%	0.06%	0.06%
	TXRH	B	0.14%	0.06%	0.06%
	TYL	B	0.27%	0.08%	0.08%
	UDR	C	0.16%	0.03%	0.03%
	UFPI	C	0.08%	0.07%	0.07%
	UGI	C	0.06%	0.01%	0.01%
	ULTA	F	0.17%	0.04%	0.04%
	UNM	A	0.13%	0.04%	0.04%
	URI	B	0.55%	0.09%	0.09%
	USFD	A	0.17%	0.05%	0.05%
	UTHR	C	0.18%	0.19%	0.18%
	VFC	C	0.07%	0.02%	0.02%
	VLTO	C	0.25%	0.04%	0.04%
	VNO	C	0.08%	0.07%	0.07%
	VNT	C	0.06%	0.01%	0.01%
	VRSK	B	0.42%	0.16%	0.16%
	VRSN	F	0.16%	0.04%	0.04%
	VTR	B	0.29%	0.04%	0.04%
	WAB	B	0.37%	0.05%	0.05%
	WAL	B	0.1%	0.02%	0.02%
	WAT	C	0.24%	0.05%	0.05%
	WBS	A	0.1%	0.02%	0.02%
	WCC	B	0.09%	0.09%	0.09%
	WDC	F	0.22%	0.08%	0.08%
	WH	B	0.08%	0.04%	0.04%
	WHR	B	0.06%	0.03%	0.03%
	WMS	F	0.1%	0.02%	0.02%
	WPC	C	0.13%	0.03%	0.03%
	WRB	B	0.17%	0.02%	0.02%
	WSM	D	0.15%	0.18%	0.15%
	WSO	A	0.21%	0.17%	0.17%
	WST	D	0.27%	0.05%	0.05%
	WTFC	B	0.08%	0.01%	0.01%
	WTM	A	0.05%	0.04%	0.04%
	WTW	B	0.31%	0.11%	0.11%
	WWD	B	0.11%	0.01%	0.01%
	XPO	B	0.24%	0.04%	0.04%
	XRAY	D	0.04%	0.02%	0.02%
	XYL	D	0.31%	0.1%	0.1%
	YUM	D	0.4%	0.13%	0.13%
	ZBRA	B	0.21%	0.04%	0.04%
	ZION	B	0.08%	0.02%	0.02%

CVMC Overweight 226 Positions Relative to MFUS

	Symbol	Grade	Weight
	TTD	B	0.55%
	VRT	A	0.48%
	AXON	A	0.48%
	AME	A	0.46%
	DAL	A	0.46%
	KVUE	A	0.43%
	CTSH	C	0.41%
	SNOW	C	0.41%
	VMC	B	0.4%
	DDOG	A	0.4%
	TEAM	A	0.4%
	XEL	A	0.4%
	IQV	F	0.37%
	VEEV	C	0.35%
	ROK	B	0.35%
	HUBS	B	0.35%
	ACGL	D	0.35%
	LULU	C	0.34%
	HUM	D	0.34%
	CSGP	F	0.33%
	WEC	A	0.33%
	RJF	A	0.29%
	SW	A	0.29%
	ON	F	0.29%
	KEYS	C	0.29%
	FTV	D	0.29%
	NET	B	0.28%
	AWK	C	0.28%
	AEE	A	0.27%
	STT	B	0.27%
	RBLX	B	0.27%
	WBD	B	0.26%
	ILMN	C	0.25%
	TDY	B	0.25%
	CVNA	A	0.25%
	ZBH	C	0.24%
	LYV	A	0.23%
	TRU	D	0.22%
	LH	B	0.22%
	ZM	B	0.22%
	STX	D	0.21%
	ARE	F	0.21%
	MDB	C	0.21%
	SNA	B	0.21%
	TRMB	B	0.2%
	PODD	B	0.2%
	ZS	B	0.2%
	SAIA	C	0.2%
	WY	D	0.2%
	CBOE	C	0.2%
	MOH	F	0.19%
	FSLR	F	0.18%
	PINS	F	0.18%
	DOC	D	0.17%
	NTNX	B	0.17%
	DOCU	B	0.17%
	AMCR	D	0.17%
	TWLO	A	0.17%
	APTV	F	0.17%
	ENTG	F	0.16%
	TOST	A	0.16%
	GPC	F	0.16%
	REG	A	0.15%
	SWK	F	0.15%
	EG	D	0.15%
	Z	A	0.15%
	SWKS	F	0.14%
	AFRM	A	0.14%
	EPAM	C	0.14%
	SOFI	A	0.14%
	NVT	C	0.14%
	ALLE	D	0.14%
	PFGC	B	0.14%
	EL	F	0.14%
	DT	C	0.14%
	AAL	B	0.13%
	OKTA	D	0.13%
	DUOL	A	0.13%
	RRX	B	0.13%
	SUM	B	0.13%
	BG	D	0.13%
	KMX	C	0.12%
	PAYC	B	0.12%
	WTRG	B	0.12%
	AIT	B	0.12%
	DAY	B	0.12%
	OWL	A	0.12%
	RNR	C	0.12%
	TECH	F	0.12%
	WING	D	0.11%
	FRT	B	0.11%
	SRPT	F	0.11%
	ALV	C	0.11%
	CRL	D	0.11%
	SNAP	D	0.11%
	PEN	B	0.1%
	LKQ	F	0.1%
	BRX	A	0.1%
	ROKU	D	0.1%
	PRI	A	0.1%
	CNH	C	0.1%
	AFG	A	0.1%
	KNSL	B	0.1%
	EXAS	D	0.1%
	CIEN	B	0.1%
	AAON	B	0.1%
	REXR	F	0.1%
	FND	F	0.1%
	RIVN	F	0.1%
	MOD	A	0.09%
	ORI	A	0.09%
	ENSG	D	0.09%
	SSD	D	0.09%
	FBIN	F	0.09%
	BRBR	A	0.09%
	FLS	A	0.09%
	BILL	B	0.09%
	PNFP	B	0.09%
	PCTY	B	0.09%
	PLNT	A	0.09%
	ALK	A	0.09%
	MEDP	D	0.09%
	GL	C	0.09%
	MTZ	A	0.09%
	S	B	0.08%
	WEX	F	0.08%
	FRPT	A	0.08%
	VMI	B	0.08%
	VOYA	B	0.08%
	HLNE	A	0.08%
	HAS	D	0.08%
	FMC	D	0.08%
	ESTC	C	0.08%
	GXO	B	0.08%
	CGNX	D	0.08%
	GKOS	A	0.08%
	JAZZ	C	0.08%
	RGEN	F	0.08%
	MIDD	D	0.08%
	GTLS	A	0.08%
	ONTO	F	0.08%
	SNX	D	0.08%
	HQY	A	0.08%
	BPMC	C	0.07%
	BCPC	B	0.07%
	WTS	B	0.07%
	KRG	A	0.07%
	BPOP	C	0.07%
	DBX	C	0.07%
	SPSC	F	0.07%
	RYAN	B	0.07%
	CWST	A	0.07%
	CFLT	B	0.07%
	NOVT	D	0.07%
	IDA	A	0.07%
	DAR	B	0.07%
	LFUS	D	0.07%
	LSCC	D	0.07%
	WSC	F	0.07%
	EXLS	B	0.07%
	TREX	D	0.07%
	RHP	B	0.07%
	SMAR	A	0.07%
	BMI	C	0.07%
	HALO	F	0.07%
	STAG	D	0.07%
	ENPH	F	0.07%
	BIO	C	0.07%
	OLED	F	0.07%
	HOMB	A	0.06%
	IBP	F	0.06%
	INSP	F	0.06%
	ETSY	D	0.06%
	ST	F	0.06%
	EXPO	D	0.06%
	QLYS	C	0.06%
	STWD	C	0.06%
	FNB	B	0.06%
	VRNS	D	0.06%
	AL	B	0.06%
	RMBS	C	0.06%
	BECN	B	0.06%
	ITRI	B	0.06%
	SITE	D	0.06%
	MAT	D	0.06%
	ALTR	B	0.06%
	FSS	B	0.06%
	MMSI	A	0.06%
	LYFT	C	0.06%
	AZEK	B	0.06%
	ELF	C	0.06%
	AXS	A	0.06%
	EPRT	A	0.06%
	DOCS	C	0.06%
	FOUR	A	0.06%
	TRNO	D	0.06%
	BCO	F	0.05%
	RH	D	0.05%
	CELH	F	0.05%
	OZK	B	0.05%
	TENB	D	0.05%
	WMG	C	0.05%
	HCP	B	0.05%
	APPF	C	0.05%
	POR	C	0.05%
	TPG	A	0.05%
	ZWS	B	0.05%
	OLLI	D	0.05%
	IONS	F	0.05%
	ATKR	D	0.04%
	BBIO	F	0.04%
	CHWY	B	0.04%
	OPCH	F	0.04%
	CHH	A	0.04%
	CWAN	B	0.04%
	ASH	F	0.04%
	EEFT	C	0.04%
	FIVE	F	0.04%
	COLM	B	0.03%
	COTY	F	0.03%
	ALGM	F	0.03%
	AGR	A	0.03%
	BOKF	B	0.03%
	APLS	F	0.03%
	ZI	D	0.03%
	LEVI	F	0.02%

CVMC Underweight 435 Positions Relative to MFUS

	Symbol	Grade	Weight
	BRK.A	B	-2.42%
	LLY	F	-2.39%
	META	C	-2.35%
	NVDA	A	-1.9%
	WMT	A	-1.71%
	AMZN	B	-1.71%
	AVGO	C	-1.59%
	ORCL	A	-1.52%
	ABBV	F	-1.36%
	COST	A	-1.35%
	JNJ	D	-1.18%
	IBM	C	-1.05%
	PG	C	-1.01%
	VZ	C	-1.0%
	KO	D	-1.0%
	JPM	A	-0.99%
	WFC	A	-0.97%
	AAPL	C	-0.96%
	AMGN	D	-0.94%
	GILD	C	-0.87%
	PM	A	-0.87%
	MRK	F	-0.84%
	UNH	C	-0.79%
	QCOM	F	-0.77%
	LMT	D	-0.75%
	PEP	F	-0.74%
	TGT	B	-0.74%
	MO	A	-0.73%
	T	A	-0.73%
	C	B	-0.69%
	CSCO	B	-0.68%
	CVS	F	-0.65%
	MCK	A	-0.63%
	HD	A	-0.62%
	MMM	D	-0.6%
	PGR	B	-0.59%
	PFE	F	-0.57%
	GE	D	-0.56%
	AMAT	F	-0.55%
	MCD	D	-0.53%
	NFLX	A	-0.52%
	UNP	D	-0.51%
	BAC	A	-0.45%
	XOM	B	-0.43%
	TMUS	B	-0.43%
	BKNG	A	-0.42%
	GS	B	-0.41%
	BMY	A	-0.41%
	GM	B	-0.4%
	CVX	A	-0.39%
	TJX	A	-0.37%
	NOW	B	-0.36%
	REGN	F	-0.36%
	CL	D	-0.35%
	LOW	C	-0.35%
	NOC	D	-0.35%
	MPC	D	-0.34%
	AIG	C	-0.34%
	MET	A	-0.32%
	V	A	-0.31%
	ISRG	A	-0.29%
	ICE	C	-0.29%
	TXN	C	-0.29%
	COF	B	-0.29%
	SPGI	D	-0.29%
	THC	C	-0.28%
	WM	B	-0.28%
	MA	B	-0.28%
	TMO	F	-0.28%
	AZO	C	-0.28%
	CAH	B	-0.27%
	LHX	B	-0.26%
	ACN	C	-0.25%
	PANW	B	-0.25%
	HCA	F	-0.25%
	DHR	D	-0.24%
	GD	D	-0.24%
	UPS	C	-0.24%
	AON	B	-0.24%
	KLAC	F	-0.23%
	AXP	B	-0.23%
	MDLZ	F	-0.23%
	PLTR	A	-0.23%
	PSX	C	-0.23%
	VST	A	-0.23%
	RTX	D	-0.22%
	SHW	C	-0.22%
	NEE	C	-0.22%
	ADM	D	-0.22%
	MS	A	-0.22%
	VRTX	D	-0.22%
	UBER	F	-0.21%
	AFL	C	-0.21%
	MSI	B	-0.2%
	MMC	D	-0.2%
	INTC	C	-0.2%
	TRV	A	-0.2%
	BSX	A	-0.2%
	ORLY	B	-0.2%
	CAT	C	-0.2%
	CMG	C	-0.2%
	FI	A	-0.19%
	BLK	B	-0.19%
	CTAS	B	-0.19%
	TSN	B	-0.18%
	HWM	A	-0.17%
	COR	B	-0.17%
	LRCX	F	-0.17%
	ELV	F	-0.16%
	NEM	D	-0.16%
	MU	D	-0.16%
	AJG	B	-0.16%
	F	C	-0.16%
	CB	C	-0.16%
	MUSA	B	-0.16%
	VLO	C	-0.16%
	SPG	A	-0.16%
	CMCSA	B	-0.16%
	TDG	D	-0.15%
	MCO	D	-0.15%
	LYB	F	-0.15%
	KKR	A	-0.15%
	CME	A	-0.14%
	ANET	C	-0.14%
	VTRS	A	-0.14%
	PH	B	-0.14%
	BX	A	-0.13%
	SO	C	-0.13%
	DUK	C	-0.13%
	RSG	A	-0.13%
	RPM	B	-0.13%
	AMT	D	-0.13%
	CI	D	-0.13%
	WELL	A	-0.12%
	WBA	F	-0.12%
	PNC	B	-0.12%
	GDDY	A	-0.12%
	PYPL	B	-0.12%
	APH	B	-0.12%
	CEG	C	-0.11%
	KMI	A	-0.11%
	TRGP	A	-0.11%
	USB	B	-0.11%
	CRS	A	-0.11%
	DASH	A	-0.11%
	BWXT	A	-0.11%
	CSX	C	-0.11%
	LDOS	C	-0.11%
	ADP	B	-0.11%
	FOXA	B	-0.11%
	BDX	F	-0.11%
	OKE	A	-0.1%
	COIN	A	-0.1%
	HLT	A	-0.1%
	WMB	A	-0.1%
	DD	D	-0.1%
	ITW	B	-0.1%
	RCL	A	-0.1%
	AIZ	A	-0.09%
	TFC	A	-0.09%
	CPRT	B	-0.09%
	TAP	B	-0.09%
	EMR	A	-0.09%
	CALM	A	-0.09%
	DLR	A	-0.09%
	IP	A	-0.09%
	CACI	C	-0.09%
	GPI	B	-0.09%
	PSA	C	-0.09%
	SBUX	A	-0.09%
	AEP	C	-0.08%
	SLG	B	-0.08%
	ECL	D	-0.08%
	SRE	A	-0.08%
	GLPI	C	-0.07%
	JCI	B	-0.07%
	EXP	B	-0.07%
	COP	B	-0.07%
	NSC	B	-0.07%
	MLM	B	-0.07%
	SKYW	B	-0.07%
	GEO	A	-0.07%
	CNX	A	-0.07%
	KDP	D	-0.07%
	AEO	F	-0.07%
	MNST	C	-0.07%
	HCC	B	-0.07%
	STZ	D	-0.06%
	VIRT	A	-0.06%
	ATGE	B	-0.06%
	TPH	D	-0.06%
	BFH	B	-0.06%
	NKE	F	-0.06%
	GNRC	B	-0.06%
	KTB	A	-0.06%
	UHS	D	-0.06%
	IBKR	A	-0.06%
	LUMN	C	-0.06%
	WU	F	-0.06%
	L	A	-0.06%
	PK	D	-0.06%
	DHI	D	-0.06%
	ROP	C	-0.06%
	TDS	B	-0.05%
	CNO	B	-0.05%
	PRIM	A	-0.05%
	FANG	D	-0.05%
	FLEX	B	-0.05%
	AR	B	-0.05%
	ETR	A	-0.05%
	LOPE	B	-0.05%
	URBN	C	-0.05%
	TGNA	B	-0.05%
	GNTX	F	-0.05%
	CARR	D	-0.05%
	CRI	F	-0.05%
	EIX	C	-0.05%
	POST	C	-0.05%
	SCHW	A	-0.05%
	ZTS	D	-0.05%
	TEX	D	-0.05%
	GVA	A	-0.05%
	HBI	B	-0.05%
	WEN	C	-0.05%
	BTU	C	-0.05%
	O	C	-0.05%
	PPL	A	-0.04%
	SEM	B	-0.04%
	AMH	C	-0.04%
	CXW	B	-0.04%
	INVH	D	-0.04%
	SMG	C	-0.04%
	JWN	C	-0.04%
	CTVA	C	-0.04%
	BDC	B	-0.04%
	SLVM	C	-0.04%
	ADBE	D	-0.04%
	FL	F	-0.04%
	OLN	F	-0.04%
	CPNG	D	-0.04%
	RUSHA	B	-0.04%
	TRN	A	-0.04%
	SANM	B	-0.04%
	BLDR	D	-0.04%
	RGLD	C	-0.04%
	NWSA	B	-0.04%
	BHF	C	-0.04%
	MAC	A	-0.04%
	GBX	B	-0.04%
	HUBG	A	-0.04%
	FTI	A	-0.04%
	MHO	D	-0.04%
	CRBG	B	-0.04%
	HOOD	A	-0.04%
	AROC	A	-0.04%
	ABM	B	-0.04%
	ERIE	F	-0.04%
	WERN	B	-0.04%
	MAR	B	-0.04%
	RRC	B	-0.03%
	DRH	B	-0.03%
	PNM	B	-0.03%
	ACA	A	-0.03%
	KMPR	A	-0.03%
	LZB	B	-0.03%
	HAE	C	-0.03%
	UNF	B	-0.03%
	PINC	B	-0.03%
	APAM	B	-0.03%
	FNF	A	-0.03%
	VC	F	-0.03%
	MAN	F	-0.03%
	DK	D	-0.03%
	AMKR	F	-0.03%
	BKE	B	-0.03%
	FHI	B	-0.03%
	MRO	A	-0.03%
	X	C	-0.03%
	DELL	B	-0.03%
	PLXS	B	-0.03%
	OI	D	-0.03%
	PRG	C	-0.03%
	APLE	B	-0.03%
	ASO	F	-0.03%
	SHOO	D	-0.03%
	AVA	C	-0.03%
	DBRG	F	-0.03%
	FE	C	-0.03%
	GMS	B	-0.03%
	BKU	A	-0.03%
	RLI	A	-0.03%
	DDS	B	-0.03%
	GNW	A	-0.03%
	SM	C	-0.03%
	CPAY	A	-0.03%
	MC	B	-0.03%
	MATX	B	-0.03%
	MASI	B	-0.03%
	ODP	F	-0.02%
	IOSP	C	-0.02%
	LXP	D	-0.02%
	SAH	B	-0.02%
	KEX	B	-0.02%
	LEG	F	-0.02%
	TTMI	B	-0.02%
	VSH	F	-0.02%
	LAUR	A	-0.02%
	UAL	A	-0.02%
	AA	A	-0.02%
	BHE	B	-0.02%
	GT	C	-0.02%
	PHIN	B	-0.02%
	ATO	A	-0.02%
	ANDE	F	-0.02%
	DOW	F	-0.02%
	NSP	F	-0.02%
	HP	C	-0.02%
	DNOW	B	-0.02%
	REZI	A	-0.02%
	PMT	D	-0.02%
	HNI	B	-0.02%
	WKC	D	-0.02%
	SNDR	B	-0.02%
	OSIS	A	-0.02%
	NAVI	F	-0.02%
	LNW	F	-0.02%
	EPC	F	-0.02%
	KBR	F	-0.02%
	JBLU	F	-0.02%
	VVV	D	-0.02%
	THS	F	-0.02%
	CC	D	-0.02%
	NWL	B	-0.02%
	MDU	D	-0.02%
	SXT	C	-0.02%
	RLJ	C	-0.02%
	YELP	C	-0.02%
	DORM	B	-0.02%
	APOG	B	-0.02%
	SAM	C	-0.02%
	XHR	B	-0.02%
	PDCO	F	-0.02%
	PBF	D	-0.02%
	NTCT	C	-0.02%
	VSCO	A	-0.02%
	MCY	B	-0.02%
	AIR	B	-0.02%
	SBH	B	-0.02%
	HII	F	-0.02%
	VSTO	A	-0.02%
	KSS	F	-0.02%
	CCL	A	-0.02%
	RYN	D	-0.02%
	ADNT	F	-0.02%
	ORA	B	-0.02%
	GEF	B	-0.02%
	NEU	D	-0.02%
	GHC	B	-0.02%
	STC	B	-0.02%
	SVC	F	-0.01%
	AAP	D	-0.01%
	CPRI	F	-0.01%
	NOV	D	-0.01%
	RKT	F	-0.01%
	UHAL	D	-0.01%
	JELD	F	-0.01%
	DINO	D	-0.01%
	SCL	D	-0.01%
	MLKN	F	-0.01%
	IGT	F	-0.01%
	ARI	C	-0.01%
	WOR	F	-0.01%
	CNXN	D	-0.01%
	SPR	D	-0.01%
	CLF	F	-0.01%
	GIII	D	-0.01%
	ECPG	C	-0.01%
	ALEX	B	-0.01%
	UVV	B	-0.01%
	JBGS	F	-0.01%
	HTH	B	-0.01%
	SEB	F	-0.01%
	IMKTA	C	-0.01%
	XRX	F	-0.01%
	SR	A	-0.01%
	OUT	A	-0.01%
	PNW	B	-0.01%
	SHO	D	-0.01%
	WGO	D	-0.01%
	AMED	F	-0.01%
	CNS	B	-0.01%
	KALU	C	-0.01%
	CENTA	C	-0.01%
	CVI	D	-0.01%
	ARCH	B	-0.01%
	PECO	A	-0.01%
	OMI	F	-0.01%
	FDP	B	-0.01%
	WAFD	B	-0.01%
	BRC	C	-0.01%
	SPB	C	-0.01%
	PPC	B	-0.01%
	DAN	F	-0.01%
	WMK	B	-0.01%
	FLR	B	-0.01%
	KN	B	-0.01%
	STRA	C	-0.01%
	DXC	D	-0.01%
	IDCC	B	-0.01%
	LADR	B	-0.01%
	NNI	D	-0.01%
	GES	F	-0.01%
	MUR	F	-0.01%
	CR	A	-0.01%
	ICUI	D	-0.01%
	CSGS	B	-0.01%
	FYBR	C	-0.01%
	HE	C	-0.01%
	PSMT	D	-0.01%
	ADC	A	-0.01%
	SATS	C	-0.01%
	RBC	A	-0.01%
	UHAL	D	-0.01%
	SLB	C	-0.01%
	GOLF	B	-0.01%
	DTM	A	-0.01%
	DEI	B	-0.01%
	AMWD	C	-0.01%
	PTEN	C	-0.01%
	SCS	B	-0.01%
	TDC	D	-0.01%
	SCCO	F	-0.0%
	NOMD	D	-0.0%
	WOLF	F	-0.0%
	HUN	F	-0.0%

CVMC: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Business Services Asset Management Biotechnology Software - Infrastructure Diagnostics & Research Packaged Foods Specialty Retail Utilities - Regulated Electric Scientific & Technical Instruments Building Materials Packaging & Containers Capital Markets Insurance - Property & Casualty Medical Instruments & Supplies REIT - Residential Engineering & Construction Information Technology Services

Keywords: S&P 500 Computing Nasdaq 100 Insurance Banking Bank Electronics Real Estate Investment Trust Chemical Aerospace Electricity Mining Natural Gas Building Materials Insurance Products Construction Beverage Medicine Telecommunications Semiconductor

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing