CVSE vs. ITAN ETF Comparison

Comparison of Calvert US Select Equity ETF (CVSE) to Sparkline Intangible Value ETF (ITAN)

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

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$32.05

Average Daily Volume

1,878

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	CVSE	ITAN
30 Days	2.61%	5.34%
60 Days	4.06%	7.33%
90 Days	5.46%	9.71%
12 Months	30.71%	31.35%

41 Overlapping Holdings

Symbol	Grade	Weight in CVSE	Weight in ITAN	Overlap
ACN	C	1.81%	1.6%	1.6%
ADSK	A	0.36%	0.64%	0.36%
AKAM	D	0.14%	0.32%	0.14%
BBY	D	0.24%	0.46%	0.24%
BMY	B	0.41%	1.03%	0.41%
CIEN	B	0.05%	0.41%	0.05%
CMI	A	1.11%	0.84%	0.84%
COF	B	0.47%	1.09%	0.47%
CRM	B	1.09%	2.14%	1.09%
CSCO	B	0.75%	1.78%	0.75%
DELL	C	0.19%	1.11%	0.19%
DIS	B	1.24%	1.1%	1.1%
DVA	B	0.17%	0.36%	0.17%
EA	A	0.1%	0.53%	0.1%
EBAY	D	0.36%	0.66%	0.36%
ETSY	D	0.03%	0.29%	0.03%
EXAS	D	0.1%	0.26%	0.1%
G	B	0.11%	0.28%	0.11%
GAP	C	0.11%	0.24%	0.11%
GILD	C	0.34%	0.92%	0.34%
GM	B	1.04%	1.0%	1.0%
HAS	D	0.26%	0.26%	0.26%
HPE	B	0.55%	0.63%	0.55%
HPQ	B	0.27%	0.72%	0.27%
HUM	C	0.45%	0.53%	0.45%
INTC	D	0.26%	1.26%	0.26%
IQV	D	0.09%	0.46%	0.09%
JLL	D	0.43%	0.37%	0.37%
PANW	C	0.15%	0.89%	0.15%
PFE	D	0.27%	1.28%	0.27%
PRU	A	0.76%	0.53%	0.53%
PYPL	B	0.32%	1.1%	0.32%
QCOM	F	0.3%	1.55%	0.3%
RHI	B	0.04%	0.22%	0.04%
ROK	B	0.31%	0.45%	0.31%
SWK	D	0.09%	0.29%	0.09%
TGT	F	0.56%	1.03%	0.56%
TPR	B	0.2%	0.34%	0.2%
TWLO	A	0.12%	0.49%	0.12%
VZ	C	0.9%	1.3%	0.9%
WDAY	B	0.28%	0.7%	0.28%

CVSE Overweight 137 Positions Relative to ITAN

Symbol	Grade	Weight
NVDA	C	7.98%
MSFT	F	7.68%
AAPL	C	6.81%
LLY	F	2.63%
SPGI	C	2.01%
MRK	F	1.73%
PH	A	1.66%
NFLX	A	1.55%
MA	C	1.54%
V	A	1.44%
ETN	A	1.42%
HD	A	1.33%
VRSK	A	1.21%
MET	A	1.14%
NOW	A	1.11%
PGR	A	1.06%
ICE	C	1.0%
CAT	B	0.94%
GIS	D	0.91%
AXP	A	0.88%
ADP	B	0.84%
TT	A	0.84%
BSX	B	0.82%
LOW	D	0.75%
AMGN	D	0.73%
TRV	B	0.72%
INTU	C	0.7%
TFC	A	0.7%
ECL	D	0.69%
AMAT	F	0.69%
CBRE	B	0.69%
URI	B	0.68%
AWK	D	0.67%
ADBE	C	0.67%
OMC	C	0.65%
LIN	D	0.64%
ES	D	0.64%
PLD	D	0.63%
AMT	D	0.63%
SCHW	B	0.62%
SHW	A	0.61%
NUE	C	0.61%
ITW	B	0.58%
CFG	B	0.55%
DFS	B	0.55%
AMD	F	0.52%
DE	A	0.52%
ED	D	0.49%
TXN	C	0.48%
EMR	A	0.47%
CDNS	B	0.43%
BALL	D	0.4%
SJM	D	0.4%
STT	A	0.4%
NDAQ	A	0.4%
RMD	C	0.38%
TJX	A	0.37%
LULU	C	0.36%
STE	F	0.36%
MU	D	0.35%
FITB	A	0.35%
DHR	F	0.35%
MKC	D	0.34%
DRI	B	0.31%
A	D	0.31%
HUBS	A	0.31%
CLX	B	0.3%
IDXX	F	0.3%
MORN	B	0.3%
ULTA	F	0.29%
EW	C	0.29%
HBAN	A	0.28%
HOLX	D	0.28%
TSCO	D	0.28%
MOS	F	0.28%
PNR	A	0.26%
IPG	D	0.26%
ALNY	D	0.25%
NKE	D	0.25%
PRI	A	0.24%
MTN	C	0.23%
DAR	C	0.23%
EL	F	0.22%
MSA	D	0.22%
SNPS	B	0.22%
EXPD	D	0.22%
BFAM	D	0.21%
MSI	B	0.21%
HIG	B	0.21%
VRTX	F	0.2%
WSM	B	0.2%
DECK	A	0.2%
KLAC	D	0.19%
TROW	B	0.19%
RF	A	0.19%
FMC	D	0.18%
EQR	B	0.18%
WAT	B	0.18%
CTAS	B	0.18%
SCI	B	0.18%
KNX	B	0.18%
FIS	C	0.16%
FCN	D	0.16%
EXR	D	0.15%
MTG	C	0.15%
LRCX	F	0.15%
XYL	D	0.14%
VTR	C	0.14%
CNM	D	0.14%
NEE	D	0.11%
SNOW	C	0.1%
BXP	D	0.1%
MSCI	C	0.1%
REGN	F	0.1%
CHD	B	0.1%
RL	B	0.09%
PLNT	A	0.09%
GPC	D	0.09%
TTEK	F	0.09%
VRSN	F	0.08%
MAN	D	0.08%
PODD	C	0.08%
CSGP	D	0.08%
PCTY	B	0.08%
BRX	A	0.06%
DKS	C	0.06%
KEY	B	0.06%
RKT	F	0.06%
FICO	B	0.05%
HST	C	0.05%
LITE	B	0.05%
VLTO	D	0.05%
ON	D	0.05%
FSLR	F	0.04%
CPRT	A	0.03%
HXL	D	0.03%
MRNA	F	0.02%

CVSE Underweight 110 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	C	-4.86%
META	D	-2.87%
ORCL	B	-2.31%
GOOGL	C	-2.09%
GOOG	C	-2.09%
IBM	C	-1.69%
T	A	-1.55%
WFC	A	-1.51%
TMUS	B	-1.42%
RTX	C	-1.23%
HON	B	-1.21%
MDT	D	-1.18%
CMCSA	B	-1.06%
BA	F	-0.96%
NOC	D	-0.91%
CVS	D	-0.9%
MMM	D	-0.89%
SQ	B	-0.87%
FDX	B	-0.85%
F	C	-0.82%
CTSH	B	-0.8%
LHX	C	-0.74%
CHTR	C	-0.72%
ALL	A	-0.72%
DASH	A	-0.71%
BDX	F	-0.7%
GD	F	-0.7%
UAL	A	-0.7%
JCI	C	-0.69%
NXPI	D	-0.66%
DAL	C	-0.6%
NTAP	C	-0.6%
GLW	B	-0.59%
EXPE	B	-0.58%
CVNA	B	-0.56%
LDOS	C	-0.55%
CNC	D	-0.54%
ZM	B	-0.54%
ILMN	D	-0.54%
WBD	C	-0.53%
DOCU	A	-0.53%
CAH	B	-0.53%
WDC	D	-0.53%
SNAP	C	-0.51%
KR	B	-0.51%
ZS	C	-0.51%
NTNX	A	-0.49%
VTRS	A	-0.49%
BAH	F	-0.47%
FFIV	B	-0.46%
ZBRA	B	-0.46%
J	F	-0.45%
LH	C	-0.45%
OKTA	C	-0.44%
BAX	D	-0.44%
DD	D	-0.44%
DGX	A	-0.43%
TRMB	B	-0.43%
BIIB	F	-0.42%
JNPR	F	-0.42%
ACM	A	-0.42%
CACI	D	-0.41%
LMT	D	-0.39%
PSTG	D	-0.39%
ROKU	D	-0.39%
AAL	B	-0.38%
LUMN	C	-0.37%
LYFT	C	-0.37%
DBX	B	-0.37%
JBL	B	-0.37%
IP	B	-0.34%
EMN	D	-0.34%
TRU	D	-0.34%
NWSA	B	-0.33%
JAZZ	B	-0.32%
SWKS	F	-0.32%
ALLY	C	-0.32%
TAP	C	-0.31%
ELAN	D	-0.3%
ACI	C	-0.3%
TXT	D	-0.3%
WBA	F	-0.29%
ANF	C	-0.28%
PARA	C	-0.28%
RIVN	F	-0.27%
BIO	D	-0.27%
WHR	B	-0.27%
MASI	A	-0.26%
BOX	B	-0.26%
FAF	A	-0.25%
W	F	-0.25%
U	C	-0.25%
PATH	C	-0.24%
DOX	D	-0.24%
ALK	C	-0.24%
IVZ	B	-0.24%
MAT	D	-0.24%
UAA	C	-0.24%
ARW	D	-0.23%
FLS	B	-0.23%
MTCH	D	-0.23%
BWA	D	-0.22%
NOV	C	-0.22%
HRB	D	-0.21%
QRVO	F	-0.2%
AGCO	D	-0.19%
HOG	D	-0.19%
M	D	-0.16%
RUN	F	-0.14%
XRAY	F	-0.13%