CVSE vs. FLSP ETF Comparison

Comparison of Calvert US Select Equity ETF (CVSE) to Franklin Liberty Systematic Style Premia ETF (FLSP)

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.50

Average Daily Volume

945

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	CVSE	FLSP
30 Days	2.61%	0.69%
60 Days	4.06%	0.06%
90 Days	5.46%	0.73%
12 Months	30.71%	6.54%

56 Overlapping Holdings

Symbol	Grade	Weight in CVSE	Weight in FLSP	Overlap
A	D	0.31%	0.23%	0.23%
ADBE	C	0.67%	0.91%	0.67%
ADSK	A	0.36%	0.36%	0.36%
AMAT	F	0.69%	0.66%	0.66%
AWK	D	0.67%	0.13%	0.13%
BBY	D	0.24%	0.11%	0.11%
BMY	B	0.41%	0.59%	0.41%
CDNS	B	0.43%	0.32%	0.32%
CMI	A	1.11%	0.25%	0.25%
CPRT	A	0.03%	0.22%	0.03%
CRM	B	1.09%	0.7%	0.7%
CTAS	B	0.18%	0.35%	0.18%
DECK	A	0.2%	0.16%	0.16%
DKS	C	0.06%	0.07%	0.06%
EA	A	0.1%	0.23%	0.1%
EBAY	D	0.36%	0.18%	0.18%
EL	F	0.22%	0.1%	0.1%
EXPD	D	0.22%	0.09%	0.09%
FICO	B	0.05%	0.34%	0.05%
FIS	C	0.16%	0.26%	0.16%
GILD	C	0.34%	0.61%	0.34%
GM	B	1.04%	0.36%	0.36%
HD	A	1.33%	0.28%	0.28%
HIG	B	0.21%	0.19%	0.19%
HOLX	D	0.28%	0.11%	0.11%
HPQ	B	0.27%	0.2%	0.2%
IDXX	F	0.3%	0.14%	0.14%
INTU	C	0.7%	0.68%	0.68%
IQV	D	0.09%	0.17%	0.09%
LIN	D	0.64%	0.13%	0.13%
LULU	C	0.36%	0.16%	0.16%
MA	C	1.54%	0.77%	0.77%
MET	A	1.14%	0.21%	0.21%
MOS	F	0.28%	0.05%	0.05%
MSFT	F	7.68%	0.57%	0.57%
MSI	B	0.21%	0.48%	0.21%
NFLX	A	1.55%	0.45%	0.45%
NOW	A	1.11%	0.75%	0.75%
NUE	C	0.61%	0.14%	0.14%
NVDA	C	7.98%	0.62%	0.62%
ON	D	0.05%	0.04%	0.04%
PH	A	1.66%	0.23%	0.23%
PYPL	B	0.32%	0.45%	0.32%
QCOM	F	0.3%	0.83%	0.3%
REGN	F	0.1%	0.33%	0.1%
SNPS	B	0.22%	0.2%	0.2%
STT	A	0.4%	0.17%	0.17%
TGT	F	0.56%	0.19%	0.19%
TJX	A	0.37%	0.75%	0.37%
TROW	B	0.19%	0.16%	0.16%
TWLO	A	0.12%	0.09%	0.09%
VRSN	F	0.08%	0.1%	0.08%
VRTX	F	0.2%	0.49%	0.2%
VTR	C	0.14%	0.12%	0.12%
WAT	B	0.18%	0.14%	0.14%
WSM	B	0.2%	0.11%	0.11%

CVSE Overweight 122 Positions Relative to FLSP

Symbol	Grade	Weight
AAPL	C	6.81%
LLY	F	2.63%
SPGI	C	2.01%
ACN	C	1.81%
MRK	F	1.73%
V	A	1.44%
ETN	A	1.42%
DIS	B	1.24%
VRSK	A	1.21%
PGR	A	1.06%
ICE	C	1.0%
CAT	B	0.94%
GIS	D	0.91%
VZ	C	0.9%
AXP	A	0.88%
ADP	B	0.84%
TT	A	0.84%
BSX	B	0.82%
PRU	A	0.76%
CSCO	B	0.75%
LOW	D	0.75%
AMGN	D	0.73%
TRV	B	0.72%
TFC	A	0.7%
ECL	D	0.69%
CBRE	B	0.69%
URI	B	0.68%
OMC	C	0.65%
ES	D	0.64%
PLD	D	0.63%
AMT	D	0.63%
SCHW	B	0.62%
SHW	A	0.61%
ITW	B	0.58%
CFG	B	0.55%
DFS	B	0.55%
HPE	B	0.55%
AMD	F	0.52%
DE	A	0.52%
ED	D	0.49%
TXN	C	0.48%
COF	B	0.47%
EMR	A	0.47%
HUM	C	0.45%
JLL	D	0.43%
BALL	D	0.4%
SJM	D	0.4%
NDAQ	A	0.4%
RMD	C	0.38%
STE	F	0.36%
MU	D	0.35%
FITB	A	0.35%
DHR	F	0.35%
MKC	D	0.34%
DRI	B	0.31%
ROK	B	0.31%
HUBS	A	0.31%
CLX	B	0.3%
MORN	B	0.3%
ULTA	F	0.29%
EW	C	0.29%
HBAN	A	0.28%
WDAY	B	0.28%
TSCO	D	0.28%
PFE	D	0.27%
PNR	A	0.26%
IPG	D	0.26%
INTC	D	0.26%
HAS	D	0.26%
ALNY	D	0.25%
NKE	D	0.25%
PRI	A	0.24%
MTN	C	0.23%
DAR	C	0.23%
MSA	D	0.22%
BFAM	D	0.21%
TPR	B	0.2%
DELL	C	0.19%
KLAC	D	0.19%
RF	A	0.19%
FMC	D	0.18%
EQR	B	0.18%
SCI	B	0.18%
KNX	B	0.18%
DVA	B	0.17%
FCN	D	0.16%
EXR	D	0.15%
MTG	C	0.15%
LRCX	F	0.15%
PANW	C	0.15%
AKAM	D	0.14%
XYL	D	0.14%
CNM	D	0.14%
NEE	D	0.11%
GAP	C	0.11%
G	B	0.11%
EXAS	D	0.1%
SNOW	C	0.1%
BXP	D	0.1%
MSCI	C	0.1%
CHD	B	0.1%
RL	B	0.09%
PLNT	A	0.09%
GPC	D	0.09%
TTEK	F	0.09%
SWK	D	0.09%
MAN	D	0.08%
PODD	C	0.08%
CSGP	D	0.08%
PCTY	B	0.08%
BRX	A	0.06%
KEY	B	0.06%
RKT	F	0.06%
HST	C	0.05%
LITE	B	0.05%
VLTO	D	0.05%
CIEN	B	0.05%
FSLR	F	0.04%
RHI	B	0.04%
ETSY	D	0.03%
HXL	D	0.03%
MRNA	F	0.02%

CVSE Underweight 127 Positions Relative to FLSP

Symbol	Grade	Weight
BKNG	A	-0.87%
WMT	A	-0.75%
T	A	-0.63%
MDT	D	-0.6%
ABBV	D	-0.59%
UBER	D	-0.49%
NVS	D	-0.48%
META	D	-0.45%
EOG	A	-0.44%
CMCSA	B	-0.42%
MMM	D	-0.41%
HCA	F	-0.36%
CL	D	-0.36%
SPG	B	-0.35%
RTX	C	-0.34%
TMO	F	-0.34%
AFL	B	-0.33%
FTNT	C	-0.32%
APP	B	-0.31%
CSX	B	-0.31%
BK	A	-0.31%
VST	B	-0.29%
LNG	B	-0.29%
MPC	D	-0.27%
FDX	B	-0.27%
VLO	C	-0.25%
KR	B	-0.24%
KMB	D	-0.23%
PSX	C	-0.23%
BCS	C	-0.23%
CI	F	-0.22%
AMP	A	-0.22%
RCL	A	-0.21%
AIG	B	-0.21%
CTSH	B	-0.21%
VICI	C	-0.19%
SE	B	-0.18%
APH	A	-0.18%
ADM	D	-0.16%
NTAP	C	-0.16%
IR	B	-0.16%
MELI	D	-0.16%
GDDY	A	-0.15%
MS	A	-0.15%
SYY	B	-0.15%
MTD	D	-0.15%
ANSS	B	-0.14%
PCAR	B	-0.14%
EXPE	B	-0.14%
CNC	D	-0.13%
DVN	F	-0.13%
LDOS	C	-0.13%
AVB	B	-0.13%
PG	A	-0.13%
TYL	B	-0.13%
CBOE	B	-0.12%
K	A	-0.12%
CAH	B	-0.12%
NRG	B	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
LYV	A	-0.12%
BR	A	-0.12%
VEEV	C	-0.12%
CSL	C	-0.11%
STX	D	-0.11%
PKG	A	-0.11%
LII	A	-0.11%
STLD	B	-0.11%
GOOG	C	-0.11%
LVS	C	-0.11%
LYB	F	-0.11%
PHM	D	-0.11%
MRO	B	-0.1%
JBL	B	-0.1%
MAS	D	-0.1%
MOH	F	-0.1%
RS	B	-0.1%
CF	B	-0.1%
UTHR	C	-0.1%
BLDR	D	-0.1%
PTC	A	-0.1%
DOCU	A	-0.1%
SNA	A	-0.1%
FE	C	-0.1%
ZM	B	-0.1%
GEN	B	-0.1%
UDR	B	-0.09%
L	A	-0.09%
ROL	B	-0.09%
VTRS	A	-0.09%
EQH	B	-0.09%
SSNC	B	-0.09%
TXT	D	-0.09%
OC	A	-0.09%
MANH	D	-0.09%
AVTR	F	-0.08%
DT	C	-0.08%
OVV	B	-0.08%
CHRW	C	-0.08%
FFIV	B	-0.08%
REG	B	-0.08%
SWKS	F	-0.08%
DPZ	C	-0.08%
NBIX	C	-0.08%
PAYC	B	-0.07%
FOXA	B	-0.07%
TAP	C	-0.07%
INCY	C	-0.07%
BG	F	-0.07%
GLPI	C	-0.07%
UHS	D	-0.07%
ACI	C	-0.06%
MKTX	D	-0.06%
MTCH	D	-0.06%
CHKP	D	-0.06%
TER	D	-0.06%
SEIC	B	-0.06%
RPRX	D	-0.06%
AIZ	A	-0.06%
RPM	A	-0.05%
AER	B	-0.05%
WYNN	D	-0.05%
MGM	D	-0.05%
CRBG	B	-0.05%
COR	B	-0.04%
HII	D	-0.04%