FNDX vs. CVMC ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Calvert US Mid-Cap Core Responsible Index ETF (CVMC)

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$24.71

Average Daily Volume

1,102,453

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

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

$62.54

Average Daily Volume

1,950

Number of Holdings ^*

607

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	CVMC
30 Days	3.30%	4.41%
60 Days	7.97%	9.63%
90 Days	10.83%	12.32%
12 Months	35.19%	36.61%

366 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in CVMC	Overlap
	A	D	0.06%	0.39%	0.06%
	AAL	C	0.01%	0.13%	0.01%
	ABG	B	0.03%	0.05%	0.03%
	ACGL	D	0.03%	0.38%	0.03%
	ACI	C	0.03%	0.08%	0.03%
	ACM	B	0.05%	0.17%	0.05%
	ADSK	A	0.03%	0.62%	0.03%
	AEE	A	0.07%	0.27%	0.07%
	AES	F	0.06%	0.13%	0.06%
	AFG	B	0.05%	0.09%	0.05%
	AGCO	D	0.03%	0.07%	0.03%
	AKAM	F	0.04%	0.16%	0.04%
	AL	B	0.02%	0.06%	0.02%
	ALGN	F	0.02%	0.16%	0.02%
	ALK	B	0.01%	0.08%	0.01%
	ALL	B	0.27%	0.5%	0.27%
	ALLE	C	0.01%	0.14%	0.01%
	ALLY	C	0.1%	0.1%	0.1%
	ALSN	A	0.04%	0.11%	0.04%
	ALV	C	0.02%	0.11%	0.02%
	AMCR	D	0.03%	0.19%	0.03%
	AME	A	0.05%	0.41%	0.05%
	AMG	C	0.04%	0.06%	0.04%
	AMP	B	0.14%	0.5%	0.14%
	AN	D	0.05%	0.04%	0.04%
	ANSS	B	0.02%	0.3%	0.02%
	AOS	F	0.02%	0.11%	0.02%
	APTV	F	0.03%	0.23%	0.03%
	ARE	D	0.03%	0.23%	0.03%
	ARMK	B	0.03%	0.11%	0.03%
	ARW	F	0.09%	0.07%	0.07%
	ATR	B	0.02%	0.13%	0.02%
	AVB	A	0.05%	0.35%	0.05%
	AVT	B	0.08%	0.05%	0.05%
	AVTR	F	0.03%	0.17%	0.03%
	AVY	F	0.04%	0.19%	0.04%
	AWK	D	0.04%	0.3%	0.04%
	AXTA	A	0.02%	0.1%	0.02%
	AYI	A	0.04%	0.11%	0.04%
	BAH	B	0.04%	0.27%	0.04%
	BALL	F	0.06%	0.23%	0.06%
	BAX	F	0.08%	0.2%	0.08%
	BBWI	D	0.03%	0.06%	0.03%
	BBY	D	0.17%	0.18%	0.17%
	BC	C	0.03%	0.06%	0.03%
	BCC	B	0.04%	0.05%	0.04%
	BECN	B	0.02%	0.06%	0.02%
	BEN	C	0.04%	0.06%	0.04%
	BERY	C	0.04%	0.09%	0.04%
	BG	F	0.11%	0.13%	0.11%
	BIIB	F	0.1%	0.29%	0.1%
	BJ	B	0.02%	0.11%	0.02%
	BK	B	0.27%	0.56%	0.27%
	BKR	B	0.14%	0.4%	0.14%
	BLD	F	0.01%	0.12%	0.01%
	BPOP	D	0.02%	0.06%	0.02%
	BR	A	0.03%	0.26%	0.03%
	BRO	B	0.02%	0.29%	0.02%
	BRX	A	0.02%	0.1%	0.02%
	BURL	C	0.03%	0.16%	0.03%
	BWA	D	0.05%	0.11%	0.05%
	BXP	B	0.06%	0.15%	0.06%
	CAG	F	0.06%	0.16%	0.06%
	CASY	B	0.05%	0.16%	0.05%
	CBOE	D	0.01%	0.22%	0.01%
	CBRE	A	0.12%	0.43%	0.12%
	CCI	D	0.1%	0.47%	0.1%
	CCK	C	0.04%	0.13%	0.04%
	CDW	F	0.06%	0.27%	0.06%
	CE	F	0.06%	0.16%	0.06%
	CFG	B	0.1%	0.19%	0.1%
	CG	B	0.03%	0.11%	0.03%
	CHD	C	0.04%	0.24%	0.04%
	CHE	F	0.01%	0.09%	0.01%
	CHRW	B	0.08%	0.18%	0.08%
	CHTR	B	0.29%	0.34%	0.29%
	CIEN	A	0.03%	0.1%	0.03%
	CINF	B	0.07%	0.22%	0.07%
	CLX	B	0.04%	0.19%	0.04%
	CMA	B	0.06%	0.08%	0.06%
	CMC	B	0.03%	0.13%	0.03%
	CMI	B	0.18%	0.46%	0.18%
	CMS	D	0.06%	0.24%	0.06%
	CNC	F	0.21%	0.33%	0.21%
	CNH	D	0.02%	0.11%	0.02%
	COHR	B	0.02%	0.15%	0.02%
	CPB	D	0.03%	0.1%	0.03%
	CPT	C	0.02%	0.14%	0.02%
	CRL	D	0.01%	0.1%	0.01%
	CSL	C	0.05%	0.24%	0.05%
	CTLT	D	0.02%	0.12%	0.02%
	CTSH	B	0.18%	0.39%	0.18%
	CW	A	0.03%	0.16%	0.03%
	D	C	0.19%	0.5%	0.19%
	DAL	B	0.03%	0.42%	0.03%
	DAR	C	0.02%	0.07%	0.02%
	DBX	C	0.01%	0.06%	0.01%
	DCI	A	0.02%	0.1%	0.02%
	DECK	B	0.03%	0.25%	0.03%
	DFS	B	0.22%	0.38%	0.22%
	DG	F	0.09%	0.17%	0.09%
	DGX	B	0.07%	0.19%	0.07%
	DKS	D	0.04%	0.11%	0.04%
	DLTR	F	0.05%	0.13%	0.05%
	DOC	B	0.04%	0.18%	0.04%
	DOV	B	0.06%	0.3%	0.06%
	DOX	A	0.04%	0.11%	0.04%
	DPZ	C	0.03%	0.16%	0.03%
	DRI	B	0.05%	0.21%	0.05%
	DTE	D	0.08%	0.29%	0.08%
	DVA	D	0.06%	0.08%	0.06%
	EA	B	0.08%	0.38%	0.08%
	EBAY	D	0.18%	0.3%	0.18%
	ED	D	0.13%	0.38%	0.13%
	EFX	D	0.03%	0.35%	0.03%
	EG	D	0.02%	0.16%	0.02%
	EHC	B	0.02%	0.11%	0.02%
	EL	F	0.05%	0.2%	0.05%
	EME	B	0.06%	0.23%	0.06%
	EMN	D	0.08%	0.14%	0.08%
	EPAM	C	0.02%	0.11%	0.02%
	EQH	B	0.05%	0.15%	0.05%
	EQR	D	0.05%	0.31%	0.05%
	ES	D	0.08%	0.27%	0.08%
	ESS	C	0.03%	0.22%	0.03%
	EVR	B	0.04%	0.09%	0.04%
	EVRG	B	0.07%	0.16%	0.07%
	EWBC	B	0.03%	0.13%	0.03%
	EXC	D	0.18%	0.42%	0.18%
	EXPD	D	0.04%	0.22%	0.04%
	EXR	D	0.03%	0.37%	0.03%
	FAF	D	0.04%	0.07%	0.04%
	FAST	B	0.07%	0.44%	0.07%
	FBIN	D	0.04%	0.1%	0.04%
	FCNCA	B	0.02%	0.23%	0.02%
	FFIV	B	0.03%	0.15%	0.03%
	FHN	B	0.03%	0.09%	0.03%
	FIS	C	0.12%	0.51%	0.12%
	FITB	B	0.12%	0.3%	0.12%
	FLO	F	0.02%	0.05%	0.02%
	FMC	D	0.03%	0.1%	0.03%
	FSLR	F	0.01%	0.18%	0.01%
	FTNT	A	0.03%	0.5%	0.03%
	FTV	F	0.03%	0.29%	0.03%
	G	B	0.02%	0.07%	0.02%
	GAP	C	0.04%	0.05%	0.04%
	GEHC	D	0.1%	0.39%	0.1%
	GEN	B	0.04%	0.16%	0.04%
	GGG	C	0.02%	0.16%	0.02%
	GIS	F	0.13%	0.4%	0.13%
	GL	C	0.03%	0.09%	0.03%
	GLW	B	0.14%	0.39%	0.14%
	GPC	F	0.06%	0.16%	0.06%
	GPK	C	0.03%	0.1%	0.03%
	GWW	A	0.08%	0.48%	0.08%
	GXO	C	0.02%	0.08%	0.02%
	HAS	D	0.04%	0.09%	0.04%
	HBAN	B	0.07%	0.22%	0.07%
	HIG	C	0.15%	0.33%	0.15%
	HOG	F	0.02%	0.06%	0.02%
	HOLX	D	0.04%	0.21%	0.04%
	HPE	B	0.21%	0.28%	0.21%
	HPQ	B	0.21%	0.37%	0.21%
	HRB	D	0.01%	0.1%	0.01%
	HRL	F	0.03%	0.1%	0.03%
	HSIC	F	0.04%	0.1%	0.04%
	HST	C	0.04%	0.14%	0.04%
	HSY	F	0.04%	0.29%	0.04%
	HUBB	B	0.04%	0.27%	0.04%
	HUM	F	0.18%	0.33%	0.18%
	IDXX	F	0.02%	0.39%	0.02%
	IEX	B	0.02%	0.19%	0.02%
	IFF	F	0.06%	0.27%	0.06%
	ILMN	B	0.03%	0.26%	0.03%
	INGR	B	0.04%	0.1%	0.04%
	IPG	F	0.04%	0.13%	0.04%
	IQV	F	0.08%	0.4%	0.08%
	IR	B	0.03%	0.42%	0.03%
	IRM	C	0.07%	0.39%	0.07%
	IT	B	0.03%	0.41%	0.03%
	ITT	A	0.03%	0.14%	0.03%
	IVZ	B	0.05%	0.08%	0.05%
	JAZZ	B	0.01%	0.08%	0.01%
	JBHT	B	0.04%	0.2%	0.04%
	JBL	C	0.06%	0.14%	0.06%
	JEF	B	0.05%	0.1%	0.05%
	JHG	A	0.03%	0.05%	0.03%
	JKHY	C	0.02%	0.14%	0.02%
	JLL	C	0.09%	0.15%	0.09%
	JNPR	C	0.05%	0.13%	0.05%
	JXN	B	0.04%	0.08%	0.04%
	K	A	0.07%	0.24%	0.07%
	KBH	C	0.03%	0.07%	0.03%
	KD	B	0.04%	0.06%	0.04%
	KEY	B	0.09%	0.16%	0.09%
	KEYS	A	0.04%	0.3%	0.04%
	KHC	F	0.11%	0.33%	0.11%
	KIM	A	0.03%	0.18%	0.03%
	KMB	D	0.11%	0.44%	0.11%
	KMX	F	0.06%	0.11%	0.06%
	KNX	B	0.04%	0.12%	0.04%
	KR	A	0.29%	0.42%	0.29%
	KVUE	A	0.05%	0.43%	0.05%
	LAD	B	0.06%	0.09%	0.06%
	LAMR	C	0.02%	0.13%	0.02%
	LEA	F	0.06%	0.08%	0.06%
	LECO	C	0.02%	0.13%	0.02%
	LEN	D	0.18%	0.43%	0.18%
	LH	A	0.08%	0.22%	0.08%
	LII	A	0.03%	0.23%	0.03%
	LKQ	F	0.06%	0.1%	0.06%
	LNC	B	0.05%	0.06%	0.05%
	LNT	D	0.04%	0.17%	0.04%
	LPLA	A	0.04%	0.2%	0.04%
	LPX	B	0.03%	0.07%	0.03%
	LSTR	C	0.03%	0.09%	0.03%
	LULU	D	0.01%	0.32%	0.01%
	LW	C	0.02%	0.12%	0.02%
	M	C	0.06%	0.04%	0.04%
	MAA	C	0.03%	0.2%	0.03%
	MAS	D	0.06%	0.17%	0.06%
	MHK	D	0.07%	0.07%	0.07%
	MIDD	C	0.02%	0.09%	0.02%
	MKC	D	0.04%	0.23%	0.04%
	MKSI	D	0.02%	0.08%	0.02%
	MLI	B	0.03%	0.11%	0.03%
	MMS	C	0.01%	0.06%	0.01%
	MOH	F	0.04%	0.21%	0.04%
	MOS	C	0.06%	0.1%	0.06%
	MSCI	B	0.03%	0.45%	0.03%
	MSM	C	0.01%	0.04%	0.01%
	MTB	B	0.1%	0.33%	0.1%
	MTD	F	0.03%	0.3%	0.03%
	MTG	D	0.03%	0.06%	0.03%
	MTH	D	0.04%	0.07%	0.04%
	MTN	D	0.01%	0.07%	0.01%
	MTZ	A	0.03%	0.09%	0.03%
	NDAQ	B	0.03%	0.31%	0.03%
	NDSN	C	0.02%	0.16%	0.02%
	NFG	C	0.02%	0.06%	0.02%
	NI	A	0.04%	0.18%	0.04%
	NRG	B	0.1%	0.21%	0.1%
	NSIT	F	0.03%	0.06%	0.03%
	NTAP	C	0.08%	0.25%	0.08%
	NTRS	B	0.07%	0.2%	0.07%
	NUE	C	0.21%	0.36%	0.21%
	NVR	D	0.08%	0.3%	0.08%
	NVT	B	0.02%	0.14%	0.02%
	NXST	C	0.03%	0.06%	0.03%
	OC	B	0.06%	0.21%	0.06%
	ODFL	B	0.05%	0.4%	0.05%
	OGN	F	0.05%	0.05%	0.05%
	OMC	B	0.08%	0.23%	0.08%
	OMF	A	0.05%	0.06%	0.05%
	ON	D	0.04%	0.33%	0.04%
	ORI	B	0.05%	0.08%	0.05%
	OSK	B	0.03%	0.08%	0.03%
	OTIS	B	0.05%	0.41%	0.05%
	PAG	C	0.02%	0.03%	0.02%
	PARA	C	0.1%	0.08%	0.08%
	PAYX	A	0.06%	0.47%	0.06%
	PEG	D	0.11%	0.46%	0.11%
	PFG	C	0.09%	0.19%	0.09%
	PFGC	B	0.06%	0.14%	0.06%
	PHM	D	0.13%	0.3%	0.13%
	PKG	B	0.07%	0.24%	0.07%
	PNR	B	0.04%	0.19%	0.04%
	POOL	B	0.02%	0.13%	0.02%
	POR	D	0.02%	0.06%	0.02%
	PPG	F	0.09%	0.32%	0.09%
	PRI	A	0.02%	0.09%	0.02%
	PRU	C	0.23%	0.45%	0.23%
	PVH	C	0.04%	0.05%	0.04%
	PWR	A	0.07%	0.47%	0.07%
	QRVO	F	0.05%	0.07%	0.05%
	R	A	0.07%	0.09%	0.07%
	REG	B	0.02%	0.15%	0.02%
	RF	B	0.08%	0.22%	0.08%
	RGA	B	0.04%	0.14%	0.04%
	RHI	B	0.04%	0.08%	0.04%
	RJF	B	0.05%	0.28%	0.05%
	RL	B	0.03%	0.08%	0.03%
	RMD	B	0.04%	0.38%	0.04%
	ROK	B	0.06%	0.33%	0.06%
	RRX	B	0.03%	0.13%	0.03%
	RS	B	0.09%	0.21%	0.09%
	RVTY	B	0.03%	0.17%	0.03%
	SAIC	B	0.03%	0.08%	0.03%
	SBAC	D	0.02%	0.28%	0.02%
	SCI	A	0.02%	0.12%	0.02%
	SEE	C	0.03%	0.06%	0.03%
	SEIC	B	0.03%	0.08%	0.03%
	SFM	A	0.04%	0.13%	0.04%
	SJM	D	0.06%	0.13%	0.06%
	SKX	F	0.02%	0.08%	0.02%
	SLM	B	0.04%	0.05%	0.04%
	SNA	A	0.05%	0.2%	0.05%
	SNV	B	0.03%	0.07%	0.03%
	SNX	B	0.03%	0.09%	0.03%
	SON	F	0.03%	0.06%	0.03%
	SQ	C	0.02%	0.42%	0.02%
	SSNC	C	0.04%	0.16%	0.04%
	ST	F	0.02%	0.06%	0.02%
	STE	F	0.03%	0.25%	0.03%
	STLD	B	0.11%	0.25%	0.11%
	STT	B	0.1%	0.27%	0.1%
	STWD	D	0.02%	0.06%	0.02%
	STX	D	0.1%	0.22%	0.1%
	SUI	F	0.03%	0.19%	0.03%
	SW	B	0.08%	0.3%	0.08%
	SWK	F	0.08%	0.17%	0.08%
	SWKS	F	0.05%	0.15%	0.05%
	SYF	B	0.3%	0.22%	0.22%
	SYY	C	0.1%	0.38%	0.1%
	TDY	A	0.03%	0.25%	0.03%
	TER	F	0.04%	0.18%	0.04%
	TFX	F	0.02%	0.12%	0.02%
	THG	A	0.02%	0.05%	0.02%
	THO	C	0.05%	0.08%	0.05%
	TKR	F	0.02%	0.06%	0.02%
	TMHC	A	0.04%	0.08%	0.04%
	TOL	B	0.06%	0.17%	0.06%
	TPR	A	0.04%	0.11%	0.04%
	TPX	C	0.02%	0.08%	0.02%
	TRMB	A	0.03%	0.18%	0.03%
	TROW	B	0.12%	0.24%	0.12%
	TRU	C	0.03%	0.23%	0.03%
	TSCO	C	0.06%	0.28%	0.06%
	TTC	D	0.02%	0.1%	0.02%
	TTWO	B	0.03%	0.28%	0.03%
	UDR	C	0.02%	0.16%	0.02%
	UFPI	C	0.04%	0.07%	0.04%
	UGI	D	0.05%	0.06%	0.05%
	ULTA	C	0.03%	0.17%	0.03%
	UNM	B	0.05%	0.12%	0.05%
	URI	B	0.13%	0.54%	0.13%
	USFD	B	0.07%	0.17%	0.07%
	VFC	B	0.07%	0.08%	0.07%
	VMC	B	0.04%	0.4%	0.04%
	VNO	A	0.05%	0.08%	0.05%
	VOYA	B	0.03%	0.08%	0.03%
	VRSK	A	0.04%	0.41%	0.04%
	VRSN	D	0.01%	0.16%	0.01%
	VTR	B	0.08%	0.31%	0.08%
	WAB	A	0.06%	0.36%	0.06%
	WAT	B	0.04%	0.22%	0.04%
	WBD	C	0.07%	0.21%	0.07%
	WCC	B	0.04%	0.08%	0.04%
	WDC	C	0.13%	0.24%	0.13%
	WEC	B	0.09%	0.34%	0.09%
	WHR	B	0.07%	0.05%	0.05%
	WPC	D	0.02%	0.14%	0.02%
	WRB	B	0.04%	0.17%	0.04%
	WSM	F	0.05%	0.16%	0.05%
	WSO	B	0.03%	0.2%	0.03%
	WST	C	0.02%	0.25%	0.02%
	WTRG	B	0.01%	0.12%	0.01%
	WTW	B	0.06%	0.3%	0.06%
	WY	D	0.1%	0.21%	0.1%
	XEL	B	0.11%	0.38%	0.11%
	XRAY	F	0.02%	0.05%	0.02%
	XYL	F	0.04%	0.34%	0.04%
	YUM	C	0.08%	0.4%	0.08%
	ZBH	C	0.05%	0.25%	0.05%
	ZBRA	B	0.04%	0.21%	0.04%
	ZION	B	0.05%	0.08%	0.05%

FNDX Overweight 354 Positions Relative to CVMC

	Symbol	Grade	Weight
	AAPL	B	4.47%
	MSFT	C	2.4%
	BRK.A	C	2.19%
	XOM	B	2.01%
	JPM	B	1.9%
	META	B	1.8%
	WMT	A	1.42%
	AMZN	B	1.4%
	GOOGL	B	1.25%
	T	B	1.25%
	VZ	D	1.22%
	WFC	B	1.21%
	BAC	B	1.21%
	CVX	B	1.18%
	UNH	B	1.17%
	GOOG	B	1.07%
	C	B	1.04%
	JNJ	D	0.97%
	HD	B	0.83%
	INTC	C	0.81%
	CSCO	A	0.81%
	CMCSA	B	0.81%
	PG	D	0.8%
	CVS	F	0.79%
	PFE	F	0.77%
	GM	B	0.68%
	AVGO	B	0.66%
	COST	B	0.64%
	IBM	D	0.61%
	GS	B	0.56%
	ABBV	B	0.55%
	CI	F	0.53%
	ORCL	A	0.48%
	MRK	F	0.48%
	LUMN	B	0.47%
	COP	C	0.46%
	PM	C	0.45%
	LOW	B	0.45%
	QCOM	C	0.45%
	PEP	F	0.44%
	MU	C	0.43%
	AMGN	C	0.43%
	LMT	D	0.42%
	COF	B	0.42%
	CAT	B	0.42%
	MS	B	0.42%
	BMY	C	0.41%
	KO	D	0.4%
	ELV	F	0.4%
	MPC	F	0.4%
	DIS	C	0.4%
	TGT	F	0.39%
	NVDA	B	0.38%
	VLO	D	0.38%
	UNP	D	0.37%
	PSX	F	0.37%
	ACN	C	0.37%
	HON	B	0.36%
	GILD	B	0.36%
	LIN	D	0.36%
	RTX	C	0.36%
	AXP	B	0.36%
	MCD	D	0.36%
	MMM	C	0.36%
	ABT	B	0.35%
	MO	B	0.34%
	V	B	0.34%
	DUK	D	0.33%
	TXN	A	0.33%
	F	D	0.33%
	TRV	B	0.32%
	USB	B	0.32%
	FDX	B	0.3%
	AIG	C	0.29%
	UPS	D	0.29%
	SBUX	B	0.28%
	SO	D	0.28%
	CB	D	0.28%
	PNC	A	0.28%
	TMO	F	0.28%
	MA	A	0.28%
	MET	C	0.27%
	NEE	D	0.27%
	DE	C	0.24%
	TMUS	A	0.24%
	AMAT	D	0.24%
	HCA	D	0.24%
	PGR	B	0.23%
	ADM	F	0.23%
	LLY	D	0.23%
	DOW	F	0.22%
	BKNG	B	0.22%
	MDLZ	F	0.22%
	AFL	D	0.22%
	GD	B	0.22%
	TJX	C	0.22%
	EOG	B	0.22%
	ETN	A	0.22%
	WBA	F	0.21%
	PYPL	A	0.21%
	NKE	F	0.21%
	NOC	C	0.21%
	KMI	A	0.21%
	TFC	B	0.21%
	TSLA	B	0.2%
	CSX	B	0.2%
	DHI	D	0.19%
	TSN	D	0.19%
	NSC	B	0.19%
	DD	D	0.18%
	NEM	D	0.18%
	ADBE	F	0.18%
	DHR	F	0.17%
	GE	C	0.17%
	AEP	D	0.17%
	MDT	C	0.17%
	WMB	B	0.16%
	LHX	A	0.16%
	ADP	A	0.15%
	ITW	B	0.15%
	WM	B	0.15%
	EMR	B	0.15%
	LRCX	D	0.15%
	JCI	A	0.15%
	SPGI	D	0.15%
	LYB	F	0.15%
	FCX	C	0.15%
	CRM	A	0.14%
	ADI	D	0.14%
	CL	F	0.14%
	IP	B	0.14%
	NFLX	A	0.14%
	PCAR	B	0.14%
	MMC	C	0.14%
	VST	B	0.14%
	REGN	F	0.13%
	AMT	F	0.13%
	APD	B	0.13%
	CARR	D	0.13%
	BDX	F	0.12%
	PH	B	0.12%
	ICE	D	0.12%
	SYK	A	0.12%
	BX	A	0.12%
	SLB	D	0.12%
	SRE	A	0.12%
	AON	B	0.12%
	FI	B	0.12%
	CEG	D	0.12%
	BA	F	0.12%
	OKE	A	0.12%
	PPL	B	0.11%
	ETR	B	0.11%
	OXY	F	0.11%
	KKR	B	0.11%
	SCHW	B	0.11%
	INTU	A	0.1%
	EIX	D	0.1%
	WELL	B	0.1%
	SPG	A	0.1%
	ORLY	B	0.1%
	AMD	F	0.1%
	MAR	A	0.09%
	SHW	B	0.09%
	FOXA	B	0.09%
	ECL	D	0.09%
	BSX	A	0.09%
	MCK	B	0.09%
	DVN	F	0.09%
	WKC	D	0.09%
	CTVA	C	0.09%
	VTRS	B	0.09%
	UHS	D	0.09%
	FE	D	0.09%
	X	C	0.08%
	LDOS	A	0.08%
	GPN	C	0.08%
	DLR	B	0.08%
	ROST	D	0.08%
	PLD	F	0.08%
	ISRG	A	0.08%
	VRTX	A	0.08%
	KDP	F	0.08%
	ZTS	F	0.08%
	MRO	B	0.08%
	CME	B	0.08%
	EQIX	B	0.08%
	CTAS	A	0.08%
	KLAC	F	0.08%
	APH	B	0.08%
	FNF	C	0.07%
	CAH	B	0.07%
	CF	B	0.07%
	KSS	F	0.07%
	THC	B	0.07%
	TDG	C	0.07%
	STZ	F	0.07%
	MCO	C	0.07%
	DINO	F	0.06%
	MCHP	F	0.06%
	PSA	D	0.06%
	FLEX	A	0.06%
	AA	B	0.06%
	AZO	D	0.06%
	TRGP	A	0.06%
	HLT	A	0.06%
	TXT	D	0.06%
	HAL	D	0.06%
	MGM	F	0.06%
	TT	A	0.06%
	BLDR	D	0.06%
	HWM	B	0.06%
	RSG	B	0.06%
	CNP	B	0.06%
	MSI	A	0.06%
	GPI	B	0.05%
	MAN	F	0.05%
	L	A	0.05%
	AJG	C	0.05%
	TAP	B	0.05%
	NXPI	D	0.05%
	DXC	C	0.05%
	BFH	B	0.05%
	OVV	D	0.05%
	FANG	D	0.05%
	ROP	B	0.05%
	LNG	A	0.05%
	HES	C	0.05%
	CPAY	B	0.05%
	J	C	0.05%
	CCL	B	0.05%
	CNO	B	0.04%
	GT	C	0.04%
	WU	F	0.04%
	MRNA	F	0.04%
	PBF	F	0.04%
	CMG	C	0.04%
	GEV	A	0.04%
	RPM	B	0.04%
	ANET	C	0.04%
	CLF	D	0.04%
	OLN	F	0.04%
	MUSA	C	0.04%
	EQT	B	0.04%
	NWSA	B	0.04%
	FYBR	C	0.04%
	MRVL	B	0.04%
	LVS	C	0.04%
	ATO	A	0.04%
	UBER	F	0.04%
	HUN	F	0.04%
	CRBG	C	0.04%
	O	D	0.04%
	PNW	B	0.04%
	TDS	B	0.04%
	EW	F	0.04%
	HII	F	0.04%
	MLM	B	0.04%
	MKL	B	0.04%
	MNST	B	0.04%
	APO	B	0.03%
	EXP	B	0.03%
	CPRT	B	0.03%
	BTU	B	0.03%
	PII	F	0.03%
	AAP	F	0.03%
	GRMN	B	0.03%
	INVH	D	0.03%
	GNTX	D	0.03%
	SOLV	C	0.03%
	ALB	C	0.03%
	AIZ	A	0.03%
	PCG	B	0.03%
	CDNS	B	0.03%
	NWL	B	0.03%
	SNPS	B	0.03%
	OGE	A	0.03%
	FLR	C	0.03%
	SANM	B	0.03%
	TPH	D	0.03%
	ZIM	B	0.03%
	CPRI	F	0.03%
	CTRA	C	0.03%
	EXPE	B	0.03%
	GNW	C	0.03%
	PANW	A	0.03%
	FL	F	0.03%
	HBI	B	0.03%
	CACI	B	0.03%
	APA	F	0.03%
	ARCH	B	0.02%
	QRTEA	F	0.02%
	VAC	B	0.02%
	WLK	F	0.02%
	ADNT	F	0.02%
	WERN	B	0.02%
	AER	B	0.02%
	CRI	F	0.02%
	DAN	F	0.02%
	MPW	D	0.02%
	HUBG	B	0.02%
	ODP	F	0.02%
	OI	D	0.02%
	PENN	C	0.02%
	LEG	F	0.02%
	CCEP	D	0.02%
	SM	C	0.02%
	GLPI	D	0.02%
	CHKP	D	0.02%
	UHAL	B	0.02%
	MUR	F	0.02%
	NAVI	F	0.02%
	KBR	A	0.02%
	POST	D	0.02%
	SLG	B	0.02%
	RUSHA	B	0.02%
	REZI	A	0.02%
	NOV	D	0.02%
	ASGN	B	0.02%
	ASO	F	0.02%
	PK	C	0.02%
	GNRC	A	0.02%
	TGNA	B	0.02%
	CAR	D	0.02%
	CC	C	0.02%
	LUV	B	0.02%
	ABM	B	0.02%
	CZR	D	0.02%
	AR	C	0.02%
	COR	B	0.02%
	DELL	C	0.02%
	GDDY	A	0.02%
	MDU	F	0.02%
	BAP	B	0.02%
	XRX	F	0.02%
	VICI	D	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	CNXC	F	0.01%
	AEO	F	0.01%
	NOW	B	0.01%
	SPTN	F	0.01%
	TNL	A	0.01%
	LILAK	F	0.01%
	PRGO	D	0.01%
	HTZ	D	0.01%
	ICLR	F	0.01%
	FTI	B	0.01%
	DK	F	0.01%
	CYH	D	0.01%
	JWN	C	0.01%
	CNX	B	0.01%
	MATX	B	0.01%
	UNFI	B	0.01%

FNDX Underweight 241 Positions Relative to CVMC

	Symbol	Grade	Weight
	TTD	B	-0.55%
	FICO	B	-0.5%
	VRT	A	-0.45%
	MPWR	F	-0.44%
	DDOG	C	-0.4%
	SNOW	C	-0.39%
	ALNY	B	-0.39%
	AXON	B	-0.36%
	APP	B	-0.34%
	CSGP	D	-0.33%
	VEEV	B	-0.33%
	ARES	B	-0.31%
	TEAM	B	-0.31%
	HEI	C	-0.29%
	HUBS	B	-0.29%
	NET	C	-0.28%
	TYL	B	-0.27%
	VLTO	D	-0.26%
	RBLX	B	-0.23%
	PTC	B	-0.23%
	XPO	B	-0.22%
	CVNA	B	-0.22%
	ZM	A	-0.21%
	LYV	B	-0.21%
	MDB	C	-0.21%
	FDS	B	-0.2%
	PINS	D	-0.2%
	SAIA	C	-0.19%
	UTHR	B	-0.18%
	PODD	B	-0.18%
	ZS	C	-0.18%
	ENTG	F	-0.17%
	MANH	C	-0.17%
	PSTG	C	-0.17%
	SMCI	F	-0.17%
	INCY	A	-0.16%
	ROL	C	-0.16%
	FIX	A	-0.16%
	GWRE	B	-0.16%
	DOCU	A	-0.15%
	TW	B	-0.15%
	DT	C	-0.15%
	TTEK	C	-0.15%
	NTNX	B	-0.15%
	NBIX	C	-0.14%
	SNAP	C	-0.14%
	CLH	B	-0.14%
	BMRN	F	-0.14%
	EXAS	F	-0.14%
	TXRH	B	-0.14%
	ELS	C	-0.14%
	DUOL	B	-0.13%
	MKTX	C	-0.13%
	OWL	B	-0.13%
	OHI	B	-0.13%
	Z	B	-0.13%
	SRPT	F	-0.13%
	TWLO	A	-0.13%
	SUM	B	-0.13%
	RNR	B	-0.13%
	TECH	B	-0.13%
	RPRX	F	-0.12%
	SOFI	A	-0.12%
	ATI	D	-0.12%
	AFRM	B	-0.12%
	OKTA	D	-0.12%
	CUBE	D	-0.12%
	TOST	B	-0.12%
	WMS	D	-0.12%
	AIT	A	-0.11%
	ONTO	F	-0.11%
	RIVN	F	-0.11%
	WWD	B	-0.11%
	FRT	C	-0.11%
	REXR	F	-0.11%
	LBRDK	B	-0.11%
	DAY	A	-0.11%
	ENSG	C	-0.1%
	NNN	D	-0.1%
	ENPH	F	-0.1%
	EXEL	B	-0.1%
	SF	B	-0.1%
	ROKU	C	-0.1%
	NYT	B	-0.1%
	FND	F	-0.1%
	MORN	A	-0.1%
	HLI	B	-0.09%
	CNM	D	-0.09%
	MOD	C	-0.09%
	WBS	B	-0.09%
	PEN	C	-0.09%
	BFAM	F	-0.09%
	SSD	C	-0.09%
	AAON	B	-0.09%
	WAL	B	-0.09%
	MEDP	D	-0.09%
	PAYC	B	-0.09%
	APG	B	-0.09%
	OLED	F	-0.09%
	KNSL	D	-0.09%
	GMED	B	-0.09%
	WING	F	-0.09%
	LSCC	C	-0.08%
	SMAR	B	-0.08%
	HLNE	B	-0.08%
	WTFC	B	-0.08%
	PLNT	B	-0.08%
	CFR	B	-0.08%
	HQY	A	-0.08%
	CBSH	A	-0.08%
	STAG	D	-0.08%
	H	C	-0.08%
	RGEN	F	-0.08%
	WH	A	-0.08%
	PNFP	B	-0.08%
	FR	D	-0.08%
	CGNX	C	-0.08%
	PCTY	B	-0.08%
	GKOS	B	-0.08%
	WSC	C	-0.08%
	FLS	A	-0.08%
	FCN	F	-0.08%
	ESAB	B	-0.08%
	BRBR	A	-0.08%
	COLD	F	-0.08%
	KRG	B	-0.07%
	SPSC	F	-0.07%
	SRCL	A	-0.07%
	CWST	C	-0.07%
	ALTR	C	-0.07%
	ANF	C	-0.07%
	MAT	C	-0.07%
	TRNO	D	-0.07%
	PB	B	-0.07%
	BRKR	F	-0.07%
	RYAN	B	-0.07%
	EXLS	A	-0.07%
	ELAN	D	-0.07%
	CBT	B	-0.07%
	FRPT	B	-0.07%
	BMI	C	-0.07%
	HALO	C	-0.07%
	ESI	B	-0.07%
	LFUS	C	-0.07%
	COKE	D	-0.07%
	BIO	B	-0.07%
	MSA	D	-0.07%
	NOVT	B	-0.07%
	ESTC	C	-0.07%
	CVLT	A	-0.07%
	RHP	B	-0.07%
	VMI	B	-0.07%
	AGNC	D	-0.07%
	S	B	-0.07%
	TREX	C	-0.07%
	WEX	F	-0.07%
	SSB	B	-0.07%
	SIGI	B	-0.06%
	COOP	A	-0.06%
	EXPO	D	-0.06%
	DY	C	-0.06%
	RMBS	C	-0.06%
	TPG	B	-0.06%
	CFLT	C	-0.06%
	CELH	F	-0.06%
	GATX	B	-0.06%
	HXL	D	-0.06%
	ELF	D	-0.06%
	IONS	F	-0.06%
	IBP	F	-0.06%
	AWI	A	-0.06%
	FSS	C	-0.06%
	VRNS	D	-0.06%
	MMSI	A	-0.06%
	ONB	B	-0.06%
	CROX	F	-0.06%
	GME	C	-0.06%
	FOUR	B	-0.06%
	CADE	B	-0.06%
	BILL	B	-0.06%
	GTLS	B	-0.06%
	AZEK	B	-0.06%
	BPMC	C	-0.06%
	AXS	A	-0.06%
	IDA	A	-0.06%
	ESNT	F	-0.06%
	WTS	C	-0.06%
	CRUS	F	-0.06%
	INSP	D	-0.06%
	BCPC	B	-0.06%
	SITE	C	-0.06%
	MOG.A	B	-0.06%
	EPRT	C	-0.06%
	DLB	C	-0.05%
	QLYS	C	-0.05%
	OZK	B	-0.05%
	RH	B	-0.05%
	FIVE	F	-0.05%
	LYFT	C	-0.05%
	WMG	B	-0.05%
	ASH	F	-0.05%
	APPF	D	-0.05%
	ZWS	B	-0.05%
	TENB	D	-0.05%
	HOMB	B	-0.05%
	SLGN	B	-0.05%
	SWX	B	-0.05%
	FNB	B	-0.05%
	RDN	D	-0.05%
	BCO	D	-0.05%
	PSN	B	-0.05%
	ETSY	D	-0.05%
	DOCS	B	-0.05%
	HCP	A	-0.05%
	ITRI	A	-0.05%
	OLLI	C	-0.05%
	VNT	B	-0.05%
	ATKR	D	-0.04%
	BBIO	D	-0.04%
	SIG	B	-0.04%
	CWAN	B	-0.04%
	LANC	B	-0.04%
	CDP	C	-0.04%
	CHH	B	-0.04%
	EEFT	C	-0.04%
	WTM	B	-0.04%
	FELE	C	-0.04%
	OPCH	F	-0.04%
	PFSI	D	-0.03%
	COTY	F	-0.03%
	BOKF	B	-0.03%
	CWEN	D	-0.03%
	AGR	C	-0.03%
	CACC	F	-0.03%
	ALGM	F	-0.03%
	APLS	F	-0.03%
	TNET	F	-0.03%
	ZI	C	-0.03%
	CHWY	C	-0.03%
	LEVI	F	-0.02%
	COLM	C	-0.02%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Oil & Gas E&P Specialty Retail Banks - Regional - US Software - Application Information Technology Services Semiconductors Diagnostics & Research Specialty Chemicals Credit Services Packaged Foods Packaging & Containers Building Materials Insurance - Property & Casualty Auto Parts Capital Markets Drug Manufacturers - Major

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

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