CVLC vs. AVMC ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Avantis U.S. Mid Cap Equity ETF (AVMC)

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

$75.02

Average Daily Volume

17,582

Number of Holdings ^*

768

* may have additional holdings in another (foreign) market

AVMC

Avantis U.S. Mid Cap Equity ETF

AVMC Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$69.51

Average Daily Volume

8,425

Number of Holdings ^*

518

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	AVMC
30 Days	4.12%	7.92%
60 Days	5.53%	8.98%
90 Days	7.26%	10.86%
12 Months	33.80%	35.44%

384 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in AVMC	Overlap
	A	D	0.08%	0.34%	0.08%
	ACGL	D	0.09%	0.54%	0.09%
	ACM	A	0.03%	0.18%	0.03%
	AEE	A	0.06%	0.2%	0.06%
	AES	F	0.02%	0.08%	0.02%
	AFG	A	0.02%	0.17%	0.02%
	AFRM	B	0.03%	0.17%	0.03%
	AGCO	D	0.02%	0.1%	0.02%
	AGR	B	0.01%	0.01%	0.01%
	AIT	A	0.03%	0.18%	0.03%
	AKAM	D	0.03%	0.21%	0.03%
	ALGN	D	0.04%	0.23%	0.04%
	ALLE	D	0.03%	0.18%	0.03%
	ALLY	C	0.02%	0.18%	0.02%
	ALSN	B	0.03%	0.17%	0.03%
	ALV	C	0.02%	0.12%	0.02%
	AMCR	D	0.04%	0.19%	0.04%
	AMG	B	0.01%	0.08%	0.01%
	AN	C	0.01%	0.08%	0.01%
	AOS	F	0.02%	0.15%	0.02%
	APG	B	0.02%	0.1%	0.02%
	APP	B	0.12%	0.81%	0.12%
	APTV	D	0.03%	0.22%	0.03%
	ARMK	B	0.03%	0.13%	0.03%
	ARW	D	0.01%	0.1%	0.01%
	ATI	D	0.04%	0.12%	0.04%
	ATKR	C	0.01%	0.01%	0.01%
	ATR	B	0.03%	0.18%	0.03%
	AVY	D	0.04%	0.24%	0.04%
	AWK	D	0.06%	0.22%	0.06%
	AXON	A	0.12%	0.12%	0.12%
	AXS	A	0.02%	0.13%	0.02%
	AXTA	A	0.02%	0.13%	0.02%
	AYI	B	0.03%	0.17%	0.03%
	BAH	F	0.04%	0.33%	0.04%
	BALL	D	0.05%	0.25%	0.05%
	BAX	D	0.04%	0.13%	0.04%
	BBY	D	0.04%	0.3%	0.04%
	BC	C	0.01%	0.08%	0.01%
	BECN	B	0.01%	0.09%	0.01%
	BEN	C	0.02%	0.09%	0.02%
	BERY	B	0.02%	0.1%	0.02%
	BFAM	D	0.01%	0.06%	0.01%
	BIIB	F	0.05%	0.29%	0.05%
	BILL	A	0.02%	0.13%	0.02%
	BIO	D	0.01%	0.08%	0.01%
	BJ	A	0.02%	0.18%	0.02%
	BLD	D	0.03%	0.16%	0.03%
	BMRN	D	0.03%	0.16%	0.03%
	BOKF	B	0.01%	0.04%	0.01%
	BPOP	B	0.02%	0.1%	0.02%
	BR	A	0.06%	0.38%	0.06%
	BRKR	D	0.01%	0.05%	0.01%
	BRO	B	0.06%	0.25%	0.06%
	BURL	A	0.03%	0.17%	0.03%
	BWA	D	0.02%	0.13%	0.02%
	CACC	D	0.01%	0.03%	0.01%
	CASY	A	0.04%	0.27%	0.04%
	CBOE	B	0.05%	0.29%	0.05%
	CBRE	B	0.1%	0.45%	0.1%
	CBSH	A	0.02%	0.12%	0.02%
	CCK	C	0.03%	0.15%	0.03%
	CDW	F	0.05%	0.4%	0.05%
	CELH	F	0.01%	0.03%	0.01%
	CFG	B	0.05%	0.32%	0.05%
	CFR	B	0.02%	0.13%	0.02%
	CG	A	0.03%	0.19%	0.03%
	CGNX	C	0.02%	0.08%	0.02%
	CHD	B	0.05%	0.37%	0.05%
	CHE	D	0.02%	0.12%	0.02%
	CHH	A	0.01%	0.07%	0.01%
	CHRW	C	0.03%	0.14%	0.03%
	CHWY	B	0.01%	0.03%	0.01%
	CIEN	B	0.02%	0.15%	0.02%
	CINF	A	0.06%	0.34%	0.06%
	CLH	B	0.03%	0.22%	0.03%
	CLX	B	0.04%	0.25%	0.04%
	CMA	A	0.02%	0.18%	0.02%
	CMC	B	0.04%	0.12%	0.04%
	CMI	A	0.14%	0.57%	0.14%
	CMS	C	0.05%	0.18%	0.05%
	CNC	D	0.07%	0.15%	0.07%
	CNM	D	0.02%	0.07%	0.02%
	COHR	B	0.04%	0.16%	0.04%
	COIN	C	0.15%	0.53%	0.15%
	COKE	C	0.02%	0.08%	0.02%
	COLM	B	0.01%	0.04%	0.01%
	CPB	D	0.02%	0.08%	0.02%
	CROX	D	0.01%	0.07%	0.01%
	CSGP	D	0.06%	0.38%	0.06%
	CSL	C	0.11%	0.4%	0.11%
	CTLT	B	0.02%	0.13%	0.02%
	CTSH	B	0.08%	0.16%	0.08%
	CWEN	C	0.01%	0.02%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	DAL	C	0.1%	0.62%	0.1%
	DAR	C	0.02%	0.08%	0.02%
	DCI	B	0.03%	0.15%	0.03%
	DECK	A	0.05%	0.47%	0.05%
	DFS	B	0.11%	0.64%	0.11%
	DG	F	0.03%	0.13%	0.03%
	DKS	C	0.02%	0.12%	0.02%
	DLB	B	0.01%	0.07%	0.01%
	DLTR	F	0.03%	0.11%	0.03%
	DOV	A	0.08%	0.39%	0.08%
	DRI	B	0.06%	0.31%	0.06%
	DTE	C	0.06%	0.2%	0.06%
	DVA	B	0.02%	0.12%	0.02%
	DXCM	D	0.07%	0.11%	0.07%
	EA	A	0.08%	0.48%	0.08%
	EBAY	D	0.06%	0.3%	0.06%
	ED	D	0.08%	0.31%	0.08%
	EFX	F	0.07%	0.37%	0.07%
	EG	C	0.04%	0.24%	0.04%
	EHC	B	0.02%	0.14%	0.02%
	EL	F	0.03%	0.02%	0.02%
	ELAN	D	0.02%	0.1%	0.02%
	EME	C	0.06%	0.44%	0.06%
	EMN	D	0.03%	0.21%	0.03%
	ENPH	F	0.02%	0.05%	0.02%
	ENSG	D	0.02%	0.13%	0.02%
	ENTG	D	0.03%	0.05%	0.03%
	EPAM	C	0.03%	0.16%	0.03%
	EQH	B	0.04%	0.29%	0.04%
	ES	D	0.05%	0.11%	0.05%
	ESAB	B	0.02%	0.09%	0.02%
	ESNT	D	0.01%	0.09%	0.01%
	EVR	B	0.03%	0.2%	0.03%
	EVRG	A	0.04%	0.13%	0.04%
	EWBC	A	0.04%	0.25%	0.04%
	EXC	C	0.1%	0.1%	0.1%
	EXEL	B	0.02%	0.16%	0.02%
	EXPD	D	0.04%	0.31%	0.04%
	FAF	A	0.01%	0.1%	0.01%
	FBIN	D	0.02%	0.15%	0.02%
	FCNCA	A	0.07%	0.47%	0.07%
	FDS	B	0.04%	0.29%	0.04%
	FFIV	B	0.03%	0.21%	0.03%
	FHN	A	0.03%	0.1%	0.03%
	FIS	C	0.1%	0.5%	0.1%
	FITB	A	0.08%	0.53%	0.08%
	FIX	A	0.04%	0.26%	0.04%
	FLO	D	0.01%	0.03%	0.01%
	FLS	B	0.02%	0.11%	0.02%
	FMC	D	0.02%	0.06%	0.02%
	FND	C	0.02%	0.15%	0.02%
	FRPT	B	0.02%	0.05%	0.02%
	FSLR	F	0.04%	0.26%	0.04%
	G	B	0.02%	0.09%	0.02%
	GAP	C	0.01%	0.09%	0.01%
	GEHC	F	0.08%	0.38%	0.08%
	GGG	B	0.04%	0.24%	0.04%
	GIS	D	0.1%	0.24%	0.1%
	GL	B	0.02%	0.16%	0.02%
	GLW	B	0.08%	0.55%	0.08%
	GME	C	0.01%	0.16%	0.01%
	GMED	A	0.02%	0.13%	0.02%
	GPC	D	0.03%	0.19%	0.03%
	GPK	C	0.02%	0.12%	0.02%
	GWRE	A	0.03%	0.19%	0.03%
	H	B	0.01%	0.06%	0.01%
	HALO	F	0.01%	0.12%	0.01%
	HAS	D	0.02%	0.11%	0.02%
	HBAN	A	0.06%	0.41%	0.06%
	HIG	B	0.09%	0.63%	0.09%
	HLNE	B	0.02%	0.14%	0.02%
	HOLX	D	0.04%	0.19%	0.04%
	HPE	B	0.06%	0.44%	0.06%
	HRB	D	0.02%	0.15%	0.02%
	HRL	D	0.02%	0.12%	0.02%
	HSY	F	0.07%	0.17%	0.07%
	HUBB	B	0.07%	0.35%	0.07%
	HXL	D	0.01%	0.06%	0.01%
	IDA	A	0.02%	0.04%	0.02%
	IDXX	F	0.08%	0.09%	0.08%
	IEX	B	0.05%	0.22%	0.05%
	IFF	D	0.06%	0.18%	0.06%
	ILMN	D	0.05%	0.14%	0.05%
	INCY	C	0.03%	0.17%	0.03%
	INGR	B	0.03%	0.15%	0.03%
	IPG	D	0.02%	0.11%	0.02%
	IQV	D	0.08%	0.08%	0.08%
	IR	B	0.12%	0.46%	0.12%
	IT	C	0.09%	0.55%	0.09%
	ITT	A	0.03%	0.2%	0.03%
	IVZ	B	0.02%	0.09%	0.02%
	JAZZ	B	0.02%	0.13%	0.02%
	JBHT	C	0.04%	0.26%	0.04%
	JBL	B	0.03%	0.35%	0.03%
	JEF	A	0.03%	0.17%	0.03%
	JKHY	D	0.03%	0.19%	0.03%
	JLL	D	0.03%	0.16%	0.03%
	JNPR	F	0.03%	0.09%	0.03%
	K	A	0.06%	0.32%	0.06%
	KEY	B	0.04%	0.29%	0.04%
	KEYS	A	0.07%	0.39%	0.07%
	KMX	B	0.02%	0.21%	0.02%
	KNSL	B	0.03%	0.21%	0.03%
	KNX	B	0.02%	0.1%	0.02%
	KR	B	0.12%	0.12%	0.12%
	KVUE	A	0.09%	0.2%	0.09%
	LAD	A	0.02%	0.19%	0.02%
	LANC	C	0.01%	0.02%	0.01%
	LBRDK	C	0.02%	0.15%	0.02%
	LEA	D	0.01%	0.08%	0.01%
	LECO	B	0.03%	0.18%	0.03%
	LEVI	F	0.0%	0.02%	0.0%
	LFUS	F	0.02%	0.09%	0.02%
	LH	C	0.04%	0.25%	0.04%
	LII	A	0.05%	0.36%	0.05%
	LKQ	D	0.02%	0.01%	0.01%
	LNT	A	0.04%	0.13%	0.04%
	LPLA	A	0.06%	0.42%	0.06%
	LSCC	D	0.01%	0.09%	0.01%
	LSTR	D	0.02%	0.11%	0.02%
	LULU	C	0.07%	0.07%	0.07%
	LW	C	0.03%	0.12%	0.03%
	LYV	A	0.04%	0.13%	0.04%
	MANH	D	0.04%	0.29%	0.04%
	MAS	D	0.03%	0.11%	0.03%
	MAT	D	0.01%	0.11%	0.01%
	MEDP	D	0.02%	0.12%	0.02%
	MHK	D	0.01%	0.09%	0.01%
	MKC	D	0.06%	0.15%	0.06%
	MKTX	D	0.02%	0.08%	0.02%
	MLI	C	0.03%	0.18%	0.03%
	MOH	F	0.04%	0.29%	0.04%
	MORN	B	0.02%	0.13%	0.02%
	MOS	F	0.02%	0.1%	0.02%
	MPWR	F	0.06%	0.24%	0.06%
	MRNA	F	0.03%	0.13%	0.03%
	MSA	D	0.02%	0.1%	0.02%
	MSM	C	0.01%	0.02%	0.01%
	MTB	A	0.09%	0.55%	0.09%
	MTG	C	0.02%	0.12%	0.02%
	MTH	D	0.02%	0.12%	0.02%
	MTN	C	0.01%	0.08%	0.01%
	NBIX	C	0.03%	0.18%	0.03%
	NDAQ	A	0.08%	0.38%	0.08%
	NFG	A	0.01%	0.08%	0.01%
	NI	A	0.04%	0.12%	0.04%
	NRG	B	0.05%	0.23%	0.05%
	NSIT	F	0.01%	0.09%	0.01%
	NTAP	C	0.05%	0.4%	0.05%
	NTRS	A	0.05%	0.35%	0.05%
	NVR	D	0.07%	0.13%	0.07%
	NXST	C	0.01%	0.06%	0.01%
	NYT	C	0.02%	0.13%	0.02%
	OC	A	0.09%	0.33%	0.09%
	OLED	D	0.02%	0.11%	0.02%
	OLLI	D	0.01%	0.09%	0.01%
	OMC	C	0.04%	0.19%	0.04%
	OMF	A	0.02%	0.11%	0.02%
	ON	D	0.06%	0.46%	0.06%
	ONTO	D	0.02%	0.13%	0.02%
	ORI	A	0.02%	0.15%	0.02%
	OSK	B	0.02%	0.12%	0.02%
	OZK	B	0.01%	0.03%	0.01%
	PAG	B	0.01%	0.05%	0.01%
	PARA	C	0.01%	0.04%	0.01%
	PAYC	B	0.02%	0.17%	0.02%
	PB	A	0.02%	0.1%	0.02%
	PCTY	B	0.02%	0.12%	0.02%
	PEG	A	0.11%	0.44%	0.11%
	PFG	D	0.05%	0.31%	0.05%
	PFGC	B	0.04%	0.19%	0.04%
	PHM	D	0.06%	0.5%	0.06%
	PINS	D	0.04%	0.24%	0.04%
	PKG	A	0.06%	0.38%	0.06%
	PNFP	B	0.02%	0.17%	0.02%
	PNR	A	0.05%	0.23%	0.05%
	POOL	C	0.03%	0.21%	0.03%
	PPG	F	0.08%	0.4%	0.08%
	PRI	A	0.02%	0.2%	0.02%
	PSTG	D	0.03%	0.25%	0.03%
	PTC	A	0.05%	0.07%	0.05%
	PVH	C	0.01%	0.08%	0.01%
	PWR	A	0.12%	0.15%	0.12%
	QLYS	C	0.01%	0.01%	0.01%
	QRVO	F	0.01%	0.09%	0.01%
	R	B	0.02%	0.16%	0.02%
	RF	A	0.06%	0.4%	0.06%
	RGA	A	0.04%	0.24%	0.04%
	RGEN	D	0.01%	0.0%	0.0%
	RHI	B	0.02%	0.14%	0.02%
	RIVN	F	0.02%	0.13%	0.02%
	RJF	A	0.07%	0.52%	0.07%
	RL	B	0.02%	0.13%	0.02%
	RMBS	C	0.01%	0.0%	0.0%
	RMD	C	0.08%	0.41%	0.08%
	RNR	C	0.03%	0.19%	0.03%
	ROK	B	0.09%	0.42%	0.09%
	ROKU	D	0.02%	0.14%	0.02%
	ROL	B	0.03%	0.18%	0.03%
	RPRX	D	0.02%	0.09%	0.02%
	RS	B	0.09%	0.3%	0.09%
	RYAN	B	0.02%	0.09%	0.02%
	S	B	0.01%	0.09%	0.01%
	SAIA	B	0.03%	0.27%	0.03%
	SAIC	F	0.01%	0.01%	0.01%
	SCI	B	0.03%	0.14%	0.03%
	SEE	C	0.01%	0.04%	0.01%
	SEIC	B	0.02%	0.16%	0.02%
	SF	B	0.03%	0.18%	0.03%
	SIGI	C	0.01%	0.09%	0.01%
	SITE	D	0.01%	0.1%	0.01%
	SKX	D	0.02%	0.12%	0.02%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.05%	0.29%	0.05%
	SNX	C	0.02%	0.1%	0.02%
	SOFI	A	0.04%	0.19%	0.04%
	SON	D	0.01%	0.07%	0.01%
	SPSC	C	0.01%	0.04%	0.01%
	SQ	B	0.1%	0.28%	0.1%
	SSB	B	0.02%	0.13%	0.02%
	SSD	D	0.02%	0.13%	0.02%
	SSNC	B	0.03%	0.19%	0.03%
	ST	F	0.01%	0.06%	0.01%
	STE	F	0.05%	0.31%	0.05%
	STLD	B	0.11%	0.4%	0.11%
	STT	A	0.07%	0.43%	0.07%
	SW	A	0.07%	0.07%	0.07%
	SWKS	F	0.03%	0.21%	0.03%
	SYF	B	0.06%	0.46%	0.06%
	SYY	B	0.1%	0.41%	0.1%
	TECH	D	0.02%	0.13%	0.02%
	TER	D	0.03%	0.25%	0.03%
	TFX	F	0.02%	0.08%	0.02%
	THO	B	0.01%	0.09%	0.01%
	TKR	D	0.01%	0.08%	0.01%
	TMHC	B	0.02%	0.14%	0.02%
	TNET	D	0.01%	0.05%	0.01%
	TOL	B	0.04%	0.29%	0.04%
	TPR	B	0.03%	0.13%	0.03%
	TPX	B	0.02%	0.14%	0.02%
	TREX	C	0.01%	0.12%	0.01%
	TRMB	B	0.05%	0.03%	0.03%
	TROW	B	0.06%	0.41%	0.06%
	TSCO	D	0.06%	0.38%	0.06%
	TTC	D	0.02%	0.08%	0.02%
	TTWO	A	0.06%	0.16%	0.06%
	TW	A	0.04%	0.2%	0.04%
	TWLO	A	0.04%	0.24%	0.04%
	TXRH	C	0.04%	0.18%	0.04%
	UFPI	B	0.02%	0.16%	0.02%
	ULTA	F	0.03%	0.2%	0.03%
	UNM	A	0.03%	0.2%	0.03%
	URI	B	0.15%	0.75%	0.15%
	USFD	A	0.04%	0.2%	0.04%
	UTHR	C	0.04%	0.29%	0.04%
	VEEV	C	0.07%	0.39%	0.07%
	VFC	C	0.01%	0.07%	0.01%
	VMC	B	0.2%	0.5%	0.2%
	VNT	B	0.01%	0.09%	0.01%
	VOYA	B	0.02%	0.13%	0.02%
	VRT	B	0.12%	0.72%	0.12%
	WAB	B	0.1%	0.37%	0.1%
	WAL	B	0.02%	0.2%	0.02%
	WAT	B	0.05%	0.31%	0.05%
	WBD	C	0.05%	0.22%	0.05%
	WBS	A	0.03%	0.17%	0.03%
	WCC	B	0.02%	0.15%	0.02%
	WEC	A	0.08%	0.19%	0.08%
	WEX	D	0.02%	0.11%	0.02%
	WH	B	0.02%	0.11%	0.02%
	WHR	B	0.01%	0.06%	0.01%
	WMS	D	0.03%	0.17%	0.03%
	WRB	A	0.05%	0.27%	0.05%
	WSC	D	0.02%	0.1%	0.02%
	WSM	B	0.03%	0.35%	0.03%
	WSO	A	0.05%	0.23%	0.05%
	WST	C	0.05%	0.35%	0.05%
	WTFC	A	0.02%	0.14%	0.02%
	WTS	B	0.02%	0.07%	0.02%
	WWD	B	0.03%	0.14%	0.03%
	XEL	A	0.09%	0.31%	0.09%
	XPO	B	0.04%	0.3%	0.04%
	XRAY	F	0.01%	0.03%	0.01%
	XYL	D	0.08%	0.3%	0.08%
	Z	A	0.03%	0.14%	0.03%
	ZBH	C	0.05%	0.2%	0.05%
	ZION	B	0.02%	0.18%	0.02%
	ZM	B	0.05%	0.26%	0.05%
	ZWS	B	0.01%	0.09%	0.01%

CVLC Overweight 385 Positions Relative to AVMC

	Symbol	Grade	Weight
	AAPL	C	6.44%
	NVDA	C	6.33%
	MSFT	F	5.74%
	GOOGL	C	3.68%
	AMZN	C	3.65%
	TSLA	B	1.86%
	AVGO	D	1.53%
	JPM	A	1.44%
	LLY	F	1.28%
	UNH	C	1.15%
	V	A	1.09%
	MA	C	0.91%
	HD	A	0.81%
	PG	A	0.8%
	COST	B	0.8%
	NFLX	A	0.75%
	BAC	A	0.75%
	WMT	A	0.73%
	ABBV	D	0.66%
	CRM	B	0.64%
	ORCL	B	0.63%
	WFC	A	0.63%
	KO	D	0.56%
	MRK	F	0.55%
	PEP	F	0.53%
	LIN	D	0.52%
	CAT	B	0.5%
	GE	D	0.5%
	CSCO	B	0.49%
	ACN	C	0.47%
	ADBE	C	0.47%
	AMD	F	0.46%
	GS	A	0.46%
	DIS	B	0.46%
	ABT	B	0.45%
	NOW	A	0.44%
	TMO	F	0.44%
	ISRG	A	0.42%
	INTU	C	0.4%
	IBM	C	0.4%
	ETN	A	0.4%
	AXP	A	0.4%
	TXN	C	0.39%
	QCOM	F	0.38%
	BLK	C	0.38%
	NEE	D	0.38%
	VZ	C	0.37%
	PGR	A	0.37%
	CMCSA	B	0.35%
	SPGI	C	0.35%
	BKNG	A	0.35%
	UNP	C	0.34%
	DHR	F	0.34%
	AMGN	D	0.34%
	T	A	0.34%
	C	A	0.33%
	PFE	D	0.32%
	BX	A	0.32%
	LOW	D	0.31%
	SBUX	A	0.31%
	UBER	D	0.31%
	SYK	C	0.31%
	SCHW	B	0.3%
	BSX	B	0.29%
	AMAT	F	0.29%
	DE	A	0.28%
	VRTX	F	0.27%
	TJX	A	0.27%
	MMC	B	0.27%
	FI	A	0.26%
	PLD	D	0.26%
	BMY	B	0.26%
	ADP	B	0.26%
	TT	A	0.26%
	PANW	C	0.26%
	TMUS	B	0.25%
	SHW	A	0.25%
	GILD	C	0.25%
	KKR	A	0.25%
	PH	A	0.25%
	MDT	D	0.25%
	BKR	B	0.24%
	APH	A	0.24%
	MDLZ	F	0.24%
	ITW	B	0.23%
	MU	D	0.23%
	CMG	B	0.23%
	UPS	C	0.23%
	ADI	D	0.22%
	ICE	C	0.22%
	INTC	D	0.22%
	GEV	B	0.22%
	AMT	D	0.22%
	EQIX	A	0.21%
	ELV	F	0.21%
	WM	A	0.21%
	APD	A	0.2%
	AON	A	0.2%
	CI	F	0.2%
	CME	A	0.2%
	WELL	A	0.2%
	EMR	A	0.2%
	ANET	C	0.2%
	PNC	B	0.2%
	PYPL	B	0.19%
	NUE	C	0.19%
	LRCX	F	0.19%
	USB	A	0.19%
	KLAC	D	0.18%
	CARR	D	0.18%
	ZTS	D	0.18%
	REGN	F	0.18%
	NKE	D	0.18%
	OXY	D	0.18%
	APO	B	0.17%
	MCO	B	0.17%
	CDNS	B	0.17%
	SNPS	B	0.17%
	CEG	D	0.17%
	MSI	B	0.17%
	COF	B	0.17%
	ECL	D	0.17%
	FDX	B	0.16%
	JCI	C	0.16%
	MRVL	B	0.16%
	PCAR	B	0.16%
	CRWD	B	0.16%
	MAR	B	0.15%
	BDX	F	0.15%
	CTAS	B	0.15%
	TRV	B	0.15%
	CVS	D	0.15%
	GM	B	0.15%
	CL	D	0.15%
	TFC	A	0.15%
	ADSK	A	0.14%
	AMP	A	0.14%
	ORLY	B	0.14%
	AFL	B	0.14%
	TGT	F	0.14%
	AJG	B	0.14%
	SPG	B	0.14%
	SRE	A	0.14%
	BK	A	0.14%
	DLR	B	0.14%
	AME	A	0.13%
	FTNT	C	0.13%
	ALL	A	0.13%
	PSA	D	0.13%
	HLT	A	0.13%
	WDAY	B	0.12%
	D	C	0.12%
	ABNB	C	0.12%
	O	D	0.12%
	FICO	B	0.12%
	AIG	B	0.12%
	MET	A	0.12%
	ROP	B	0.12%
	MNST	C	0.11%
	AZO	C	0.11%
	YUM	B	0.11%
	CCI	D	0.11%
	CPRT	A	0.11%
	TTD	B	0.11%
	OTIS	C	0.11%
	PRU	A	0.11%
	DHI	D	0.11%
	ODFL	B	0.1%
	PAYX	C	0.1%
	MSCI	C	0.1%
	LEN	D	0.1%
	F	C	0.1%
	RSG	A	0.1%
	GWW	B	0.1%
	VRSK	A	0.09%
	KMB	D	0.09%
	EW	C	0.09%
	ROST	C	0.09%
	FAST	B	0.09%
	KDP	D	0.09%
	ARES	A	0.08%
	HEI	B	0.08%
	KHC	F	0.08%
	DDOG	A	0.08%
	WTW	B	0.08%
	DELL	C	0.08%
	TEAM	A	0.08%
	AVB	B	0.08%
	CHTR	C	0.08%
	SNOW	C	0.08%
	EXR	D	0.08%
	EQR	B	0.07%
	ALNY	D	0.07%
	MCHP	D	0.07%
	HUBS	A	0.07%
	IRM	D	0.07%
	FTV	C	0.07%
	HUM	C	0.07%
	HPQ	B	0.07%
	MTD	D	0.06%
	NET	B	0.06%
	SBAC	D	0.06%
	TDY	B	0.06%
	ANSS	B	0.06%
	VTR	C	0.06%
	WDC	D	0.05%
	ESS	B	0.05%
	IBKR	A	0.05%
	VLTO	D	0.05%
	CVNA	B	0.05%
	TYL	B	0.05%
	RBLX	C	0.05%
	UDR	B	0.04%
	DOC	D	0.04%
	BG	F	0.04%
	CAG	D	0.04%
	SWK	D	0.04%
	SUI	D	0.04%
	CW	B	0.04%
	NDSN	B	0.04%
	ZS	C	0.04%
	DGX	A	0.04%
	SFM	A	0.04%
	KIM	A	0.04%
	PODD	C	0.04%
	TRU	D	0.04%
	ZBRA	B	0.04%
	MDB	C	0.04%
	DPZ	C	0.04%
	STX	D	0.04%
	WY	D	0.04%
	ARE	D	0.04%
	MAA	B	0.04%
	OHI	C	0.03%
	WTRG	B	0.03%
	WING	D	0.03%
	CUBE	D	0.03%
	TTEK	F	0.03%
	LAMR	D	0.03%
	DT	C	0.03%
	HST	C	0.03%
	WPC	D	0.03%
	BXP	D	0.03%
	RVTY	F	0.03%
	CPT	B	0.03%
	OWL	A	0.03%
	ELS	C	0.03%
	AVTR	F	0.03%
	SJM	D	0.03%
	RRX	B	0.03%
	SUM	B	0.03%
	REG	B	0.03%
	VRSN	F	0.03%
	NVT	B	0.03%
	NTNX	A	0.03%
	TOST	B	0.03%
	DOCU	A	0.03%
	GEN	B	0.03%
	FSS	B	0.02%
	MOD	A	0.02%
	COLD	D	0.02%
	SMAR	A	0.02%
	CVLT	B	0.02%
	GXO	B	0.02%
	FCN	D	0.02%
	LPX	B	0.02%
	ESTC	C	0.02%
	RHP	B	0.02%
	STAG	F	0.02%
	ALK	C	0.02%
	BCPC	B	0.02%
	GKOS	B	0.02%
	CBT	C	0.02%
	ONB	B	0.02%
	VNO	B	0.02%
	NOVT	D	0.02%
	FR	C	0.02%
	MOG.A	B	0.02%
	CADE	B	0.02%
	ESI	A	0.02%
	BMI	B	0.02%
	PLNT	A	0.02%
	HQY	B	0.02%
	BRBR	A	0.02%
	JXN	C	0.02%
	AGNC	D	0.02%
	VMI	B	0.02%
	NNN	D	0.02%
	HSIC	B	0.02%
	SNV	B	0.02%
	GTLS	B	0.02%
	MKSI	C	0.02%
	PEN	B	0.02%
	EXAS	D	0.02%
	DOX	D	0.02%
	MIDD	C	0.02%
	MTZ	B	0.02%
	SRPT	D	0.02%
	BRX	A	0.02%
	CRL	C	0.02%
	ACI	C	0.02%
	AAL	B	0.02%
	REXR	F	0.02%
	CE	F	0.02%
	FRT	B	0.02%
	SNAP	C	0.02%
	DAY	B	0.02%
	HLI	B	0.02%
	DUOL	A	0.02%
	OKTA	C	0.02%
	CNH	C	0.02%
	COTY	F	0.01%
	ALGM	D	0.01%
	APLS	D	0.01%
	ZI	D	0.01%
	PFSI	D	0.01%
	BBIO	F	0.01%
	CDP	C	0.01%
	OPCH	D	0.01%
	SIG	B	0.01%
	M	D	0.01%
	OGN	D	0.01%
	BCO	D	0.01%
	CWAN	B	0.01%
	EEFT	B	0.01%
	FIVE	F	0.01%
	AVT	C	0.01%
	RH	B	0.01%
	PSN	D	0.01%
	WMG	C	0.01%
	ABG	B	0.01%
	TENB	C	0.01%
	HOG	D	0.01%
	IONS	F	0.01%
	ASH	D	0.01%
	MMS	F	0.01%
	APPF	B	0.01%
	HCP	B	0.01%
	BCC	B	0.01%
	EXPO	D	0.01%
	ETSY	D	0.01%
	SWX	B	0.01%
	CRUS	D	0.01%
	INSP	D	0.01%
	IBP	D	0.01%
	FELE	B	0.01%
	VRNS	D	0.01%
	POR	C	0.01%
	WTM	A	0.01%
	BPMC	C	0.01%
	SLGN	A	0.01%
	UGI	A	0.01%
	DOCS	C	0.01%
	ALTR	B	0.01%
	RDN	C	0.01%
	DY	D	0.01%
	SLM	A	0.01%
	AZEK	A	0.01%
	MMSI	B	0.01%
	FOUR	B	0.01%
	ELF	C	0.01%
	AWI	A	0.01%
	LYFT	C	0.01%
	TPG	A	0.01%
	CFLT	B	0.01%
	DBX	B	0.01%
	KD	B	0.01%
	BBWI	D	0.01%
	KBH	D	0.01%
	EPRT	B	0.01%
	TRNO	F	0.01%
	HOMB	A	0.01%
	AL	B	0.01%
	KRG	B	0.01%
	JHG	A	0.01%
	ITRI	B	0.01%
	STWD	C	0.01%
	THG	A	0.01%
	ANF	C	0.01%
	FNB	A	0.01%
	EXLS	B	0.01%
	CWST	A	0.01%
	COOP	B	0.01%
	LNC	B	0.01%
	GATX	A	0.01%

CVLC Underweight 134 Positions Relative to AVMC

	Symbol	Grade	Weight
	RCL	A	-0.94%
	VST	B	-0.92%
	TRGP	B	-0.73%
	TPL	A	-0.59%
	MLM	B	-0.52%
	CCL	B	-0.52%
	HWM	A	-0.51%
	UAL	A	-0.51%
	GRMN	B	-0.48%
	DD	D	-0.46%
	DVN	F	-0.45%
	MSTR	C	-0.44%
	LYB	F	-0.37%
	MKL	A	-0.37%
	ETR	B	-0.36%
	BLDR	D	-0.35%
	EQT	B	-0.35%
	DOW	F	-0.34%
	CPAY	A	-0.34%
	MRO	B	-0.34%
	EXPE	B	-0.34%
	CTRA	B	-0.34%
	IP	B	-0.32%
	CF	B	-0.3%
	FLEX	A	-0.3%
	ATO	A	-0.29%
	OVV	B	-0.28%
	LUV	C	-0.28%
	RPM	A	-0.28%
	LDOS	C	-0.28%
	FTI	A	-0.26%
	TXT	D	-0.26%
	GDDY	A	-0.25%
	VTRS	A	-0.25%
	L	A	-0.24%
	FNF	B	-0.24%
	PPL	B	-0.23%
	FOXA	B	-0.22%
	TSN	B	-0.22%
	THC	D	-0.21%
	ADM	D	-0.19%
	BWXT	B	-0.19%
	MUSA	A	-0.19%
	AIZ	A	-0.18%
	NCLH	B	-0.18%
	J	F	-0.18%
	ERIE	D	-0.18%
	ALB	C	-0.18%
	EXP	A	-0.18%
	TAP	C	-0.18%
	FN	D	-0.17%
	AR	B	-0.17%
	NWSA	B	-0.17%
	PR	B	-0.16%
	BSY	D	-0.16%
	DTM	B	-0.16%
	RRC	B	-0.16%
	FLR	B	-0.15%
	UHS	D	-0.15%
	GNRC	B	-0.14%
	X	C	-0.14%
	CTVA	C	-0.14%
	MTDR	B	-0.14%
	KEX	C	-0.13%
	APA	D	-0.13%
	WFRD	D	-0.13%
	EIX	B	-0.13%
	DINO	D	-0.13%
	RBC	A	-0.12%
	RLI	B	-0.12%
	RVMD	C	-0.12%
	LNW	D	-0.12%
	FE	C	-0.12%
	PNW	B	-0.12%
	CHRD	D	-0.11%
	UHAL	D	-0.11%
	NOV	C	-0.11%
	OGE	B	-0.11%
	PCVX	D	-0.11%
	CHX	C	-0.11%
	SM	B	-0.11%
	KBR	F	-0.11%
	GNTX	C	-0.11%
	CZR	F	-0.1%
	MUR	D	-0.1%
	HII	D	-0.1%
	CR	A	-0.1%
	FOX	A	-0.1%
	CLF	F	-0.1%
	FANG	D	-0.1%
	RGLD	C	-0.09%
	AM	A	-0.09%
	CHDN	B	-0.09%
	CIVI	D	-0.09%
	ENLC	A	-0.08%
	WLK	D	-0.08%
	CNP	B	-0.08%
	MGY	A	-0.08%
	BYD	C	-0.07%
	AA	B	-0.07%
	PATH	C	-0.07%
	NEU	C	-0.07%
	POST	C	-0.07%
	FYBR	D	-0.07%
	OLN	D	-0.07%
	GFS	C	-0.06%
	NWS	B	-0.06%
	AMKR	D	-0.05%
	MGM	D	-0.04%
	HESM	B	-0.04%
	ADTN	A	-0.04%
	LBRDA	C	-0.03%
	COLB	A	-0.03%
	PPC	C	-0.03%
	ZG	A	-0.03%
	DDS	B	-0.03%
	LCID	F	-0.02%
	CLVT	F	-0.02%
	HAE	C	-0.02%
	CNA	B	-0.02%
	LUMN	C	-0.02%
	VAL	D	-0.01%
	PII	D	-0.01%
	UHAL	D	-0.01%
	ACT	D	-0.01%
	CNXC	F	-0.0%
	NFE	D	-0.0%
	FRHC	B	-0.0%
	RIG	D	-0.0%
	PTEN	C	-0.0%
	IGT	F	-0.0%
	FRSH	C	-0.0%
	FIZZ	C	-0.0%
	REYN	D	-0.0%

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 Dow Jones Component Insurance Products

AVMC: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Oil & Gas E&P Utilities - Regulated Electric Software - Application Biotechnology Business Services Packaged Foods Packaging & Containers Asset Management Specialty Retail Diagnostics & Research Insurance - Property & Casualty Building Materials Information Technology Services Specialty Chemicals Capital Markets Engineering & Construction Leisure Medical Instruments & Supplies

Keywords: S&P 500 Natural Gas Insurance Banking Nasdaq 100 Chemical Bank Electronics Electricity Computing Mining Aerospace Insurance Products Building Materials Construction Beverage Semiconductor Telecommunications Biotechnology Commercial Banking