CVLC vs. VYM ETF Comparison

Comparison of Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$74.89

Average Daily Volume

17,709

Number of Holdings ^*

768

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$133.65

Average Daily Volume

773,067

Number of Holdings ^*

529

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	VYM
30 Days	3.03%	1.79%
60 Days	5.47%	4.33%
90 Days	6.95%	6.06%
12 Months	33.41%	29.30%

248 Overlapping Holdings

	Symbol	Grade	Weight in CVLC	Weight in VYM	Overlap
	ABBV	F	0.66%	2.05%	0.66%
	ABT	B	0.45%	1.11%	0.45%
	ACI	C	0.02%	0.04%	0.02%
	ADI	D	0.22%	0.63%	0.22%
	ADP	A	0.26%	0.67%	0.26%
	AEE	A	0.06%	0.13%	0.06%
	AES	F	0.02%	0.07%	0.02%
	AFG	A	0.02%	0.05%	0.02%
	AFL	B	0.14%	0.33%	0.14%
	AGCO	D	0.02%	0.04%	0.02%
	AGR	A	0.01%	0.01%	0.01%
	AIG	B	0.12%	0.28%	0.12%
	AL	B	0.01%	0.03%	0.01%
	ALL	A	0.13%	0.28%	0.13%
	ALLY	C	0.02%	0.05%	0.02%
	ALV	C	0.02%	0.04%	0.02%
	AMGN	F	0.34%	0.97%	0.34%
	AMP	A	0.14%	0.29%	0.14%
	APD	A	0.2%	0.39%	0.2%
	APO	B	0.17%	0.42%	0.17%
	ARES	A	0.08%	0.17%	0.08%
	AVGO	D	1.53%	4.38%	1.53%
	AVT	C	0.01%	0.03%	0.01%
	AWK	C	0.06%	0.15%	0.06%
	AXS	A	0.02%	0.03%	0.02%
	BAC	A	0.75%	1.61%	0.75%
	BAX	F	0.04%	0.1%	0.04%
	BBWI	C	0.01%	0.04%	0.01%
	BBY	D	0.04%	0.11%	0.04%
	BC	C	0.01%	0.03%	0.01%
	BCPC	B	0.02%	0.03%	0.02%
	BEN	C	0.02%	0.03%	0.02%
	BERY	C	0.02%	0.05%	0.02%
	BG	D	0.04%	0.07%	0.04%
	BK	A	0.14%	0.32%	0.14%
	BKR	A	0.24%	0.22%	0.22%
	BLK	B	0.38%	0.82%	0.38%
	BMY	B	0.26%	0.64%	0.26%
	BOKF	B	0.01%	0.01%	0.01%
	BPOP	C	0.02%	0.04%	0.02%
	BX	A	0.32%	0.67%	0.32%
	C	A	0.33%	0.7%	0.33%
	CADE	B	0.02%	0.03%	0.02%
	CAG	F	0.04%	0.08%	0.04%
	CAT	B	0.5%	1.04%	0.5%
	CBSH	B	0.02%	0.04%	0.02%
	CBT	D	0.02%	0.03%	0.02%
	CE	F	0.02%	0.06%	0.02%
	CFG	B	0.05%	0.11%	0.05%
	CFR	B	0.02%	0.04%	0.02%
	CG	B	0.03%	0.06%	0.03%
	CHRW	B	0.03%	0.07%	0.03%
	CI	D	0.2%	0.5%	0.2%
	CINF	A	0.06%	0.12%	0.06%
	CL	D	0.15%	0.43%	0.15%
	CLX	A	0.04%	0.09%	0.04%
	CMA	B	0.02%	0.05%	0.02%
	CMCSA	B	0.35%	0.95%	0.35%
	CME	B	0.2%	0.46%	0.2%
	CMI	A	0.14%	0.25%	0.14%
	CMS	C	0.05%	0.12%	0.05%
	CNH	C	0.02%	0.06%	0.02%
	CPB	D	0.02%	0.05%	0.02%
	CSCO	B	0.49%	1.26%	0.49%
	CVS	D	0.15%	0.4%	0.15%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	D	C	0.12%	0.28%	0.12%
	DFS	B	0.11%	0.21%	0.11%
	DGX	A	0.04%	0.1%	0.04%
	DKS	D	0.02%	0.06%	0.02%
	DOX	D	0.02%	0.06%	0.02%
	DRI	B	0.06%	0.11%	0.06%
	DTE	C	0.06%	0.15%	0.06%
	EBAY	D	0.06%	0.16%	0.06%
	ED	C	0.08%	0.2%	0.08%
	EG	C	0.04%	0.09%	0.04%
	EL	F	0.03%	0.09%	0.03%
	EMN	C	0.03%	0.07%	0.03%
	EMR	B	0.2%	0.35%	0.2%
	EQH	C	0.04%	0.08%	0.04%
	ES	C	0.05%	0.13%	0.05%
	ESNT	F	0.01%	0.04%	0.01%
	ETN	A	0.4%	0.75%	0.4%
	EVR	B	0.03%	0.05%	0.03%
	EVRG	A	0.04%	0.08%	0.04%
	EWBC	A	0.04%	0.08%	0.04%
	EXC	C	0.1%	0.22%	0.1%
	F	C	0.1%	0.23%	0.1%
	FAF	A	0.01%	0.04%	0.01%
	FAST	B	0.09%	0.25%	0.09%
	FDX	B	0.16%	0.35%	0.16%
	FHN	A	0.03%	0.05%	0.03%
	FIS	C	0.1%	0.29%	0.1%
	FITB	B	0.08%	0.17%	0.08%
	FLO	D	0.01%	0.02%	0.01%
	FLS	B	0.02%	0.04%	0.02%
	FMC	D	0.02%	0.05%	0.02%
	FNB	A	0.01%	0.03%	0.01%
	GAP	C	0.01%	0.02%	0.01%
	GATX	A	0.01%	0.03%	0.01%
	GEN	B	0.03%	0.09%	0.03%
	GILD	C	0.25%	0.63%	0.25%
	GIS	D	0.1%	0.22%	0.1%
	GLW	B	0.08%	0.21%	0.08%
	GPC	D	0.03%	0.09%	0.03%
	GS	A	0.46%	0.93%	0.46%
	HAS	D	0.02%	0.05%	0.02%
	HBAN	A	0.06%	0.13%	0.06%
	HD	B	0.81%	2.21%	0.81%
	HIG	B	0.09%	0.18%	0.09%
	HLI	A	0.02%	0.05%	0.02%
	HOG	D	0.01%	0.02%	0.01%
	HOMB	A	0.01%	0.03%	0.01%
	HPE	B	0.06%	0.14%	0.06%
	HPQ	B	0.07%	0.2%	0.07%
	HRB	D	0.02%	0.05%	0.02%
	HRL	D	0.02%	0.05%	0.02%
	HSY	F	0.07%	0.15%	0.07%
	HUBB	B	0.07%	0.13%	0.07%
	IBM	C	0.4%	0.98%	0.4%
	IDA	A	0.02%	0.03%	0.02%
	IFF	D	0.06%	0.14%	0.06%
	INGR	C	0.03%	0.05%	0.03%
	IPG	D	0.02%	0.06%	0.02%
	ITW	B	0.23%	0.44%	0.23%
	IVZ	B	0.02%	0.04%	0.02%
	JCI	B	0.16%	0.29%	0.16%
	JEF	A	0.03%	0.06%	0.03%
	JHG	B	0.01%	0.03%	0.01%
	JNPR	D	0.03%	0.07%	0.03%
	JPM	A	1.44%	3.61%	1.44%
	JXN	C	0.02%	0.04%	0.02%
	K	A	0.06%	0.12%	0.06%
	KDP	F	0.09%	0.21%	0.09%
	KEY	B	0.04%	0.09%	0.04%
	KHC	F	0.08%	0.17%	0.08%
	KMB	C	0.09%	0.26%	0.09%
	KO	D	0.56%	1.44%	0.56%
	KR	B	0.12%	0.21%	0.12%
	LANC	C	0.01%	0.02%	0.01%
	LEA	F	0.01%	0.03%	0.01%
	LKQ	F	0.02%	0.05%	0.02%
	LNC	C	0.01%	0.03%	0.01%
	LNT	A	0.04%	0.09%	0.04%
	LOW	C	0.31%	0.85%	0.31%
	M	F	0.01%	0.02%	0.01%
	MCHP	F	0.07%	0.22%	0.07%
	MDLZ	F	0.24%	0.52%	0.24%
	MDT	D	0.25%	0.65%	0.25%
	MET	A	0.12%	0.26%	0.12%
	MKC	C	0.06%	0.11%	0.06%
	MOS	F	0.02%	0.05%	0.02%
	MRK	D	0.55%	1.47%	0.55%
	MSM	C	0.01%	0.02%	0.01%
	MTB	A	0.09%	0.18%	0.09%
	MTG	C	0.02%	0.04%	0.02%
	MTN	C	0.01%	0.04%	0.01%
	NEE	C	0.38%	0.92%	0.38%
	NFG	A	0.01%	0.03%	0.01%
	NI	A	0.04%	0.09%	0.04%
	NRG	B	0.05%	0.11%	0.05%
	NTAP	C	0.05%	0.13%	0.05%
	NTRS	A	0.05%	0.11%	0.05%
	NVT	B	0.03%	0.07%	0.03%
	NXST	C	0.01%	0.03%	0.01%
	OGN	F	0.01%	0.03%	0.01%
	OMC	C	0.04%	0.11%	0.04%
	OMF	A	0.02%	0.03%	0.02%
	ONB	C	0.02%	0.03%	0.02%
	ORI	A	0.02%	0.05%	0.02%
	OSK	C	0.02%	0.04%	0.02%
	OZK	B	0.01%	0.03%	0.01%
	PAG	B	0.01%	0.02%	0.01%
	PARA	C	0.01%	0.03%	0.01%
	PAYX	B	0.1%	0.25%	0.1%
	PB	B	0.02%	0.04%	0.02%
	PCAR	B	0.16%	0.3%	0.16%
	PEG	A	0.11%	0.25%	0.11%
	PEP	F	0.53%	1.29%	0.53%
	PFE	F	0.32%	0.91%	0.32%
	PFG	D	0.05%	0.11%	0.05%
	PG	C	0.8%	2.21%	0.8%
	PGR	A	0.37%	0.8%	0.37%
	PKG	A	0.06%	0.11%	0.06%
	PNC	B	0.2%	0.42%	0.2%
	POR	C	0.01%	0.03%	0.01%
	PPG	F	0.08%	0.16%	0.08%
	PRU	A	0.11%	0.25%	0.11%
	QCOM	F	0.38%	1.03%	0.38%
	R	B	0.02%	0.04%	0.02%
	RDN	D	0.01%	0.03%	0.01%
	RF	A	0.06%	0.12%	0.06%
	RGA	A	0.04%	0.08%	0.04%
	RHI	C	0.02%	0.04%	0.02%
	RL	C	0.02%	0.05%	0.02%
	ROK	C	0.09%	0.17%	0.09%
	RPRX	D	0.02%	0.06%	0.02%
	RS	B	0.09%	0.09%	0.09%
	SBUX	A	0.31%	0.63%	0.31%
	SEE	C	0.01%	0.03%	0.01%
	SF	B	0.03%	0.06%	0.03%
	SJM	D	0.03%	0.07%	0.03%
	SLM	A	0.01%	0.03%	0.01%
	SNA	A	0.05%	0.1%	0.05%
	SNV	C	0.02%	0.04%	0.02%
	SON	F	0.01%	0.03%	0.01%
	SRE	A	0.14%	0.3%	0.14%
	SSB	B	0.02%	0.04%	0.02%
	STT	B	0.07%	0.16%	0.07%
	STX	C	0.04%	0.11%	0.04%
	SWK	D	0.04%	0.08%	0.04%
	SWKS	F	0.03%	0.08%	0.03%
	SWX	B	0.01%	0.03%	0.01%
	SYF	B	0.06%	0.12%	0.06%
	SYY	D	0.1%	0.21%	0.1%
	T	A	0.34%	0.92%	0.34%
	TFC	A	0.15%	0.33%	0.15%
	TGT	F	0.14%	0.39%	0.14%
	THG	A	0.01%	0.03%	0.01%
	TPG	A	0.01%	0.03%	0.01%
	TPR	B	0.03%	0.06%	0.03%
	TROW	B	0.06%	0.14%	0.06%
	TRV	B	0.15%	0.32%	0.15%
	TXN	C	0.39%	1.05%	0.39%
	UGI	C	0.01%	0.03%	0.01%
	UNM	A	0.03%	0.07%	0.03%
	UNP	C	0.34%	0.8%	0.34%
	UPS	C	0.23%	0.55%	0.23%
	USB	A	0.19%	0.37%	0.19%
	VFC	C	0.01%	0.04%	0.01%
	VOYA	B	0.02%	0.05%	0.02%
	VZ	C	0.37%	1.01%	0.37%
	WAL	B	0.02%	0.05%	0.02%
	WBS	A	0.03%	0.05%	0.03%
	WEC	A	0.08%	0.17%	0.08%
	WFC	A	0.63%	1.29%	0.63%
	WH	B	0.02%	0.04%	0.02%
	WHR	B	0.01%	0.03%	0.01%
	WM	B	0.21%	0.49%	0.21%
	WMT	A	0.73%	2.02%	0.73%
	WRB	A	0.05%	0.1%	0.05%
	WSM	C	0.03%	0.1%	0.03%
	WSO	A	0.05%	0.09%	0.05%
	WTRG	B	0.03%	0.06%	0.03%
	XEL	A	0.09%	0.21%	0.09%
	YUM	D	0.11%	0.21%	0.11%
	ZION	B	0.02%	0.04%	0.02%

CVLC Overweight 521 Positions Relative to VYM

	Symbol	Grade	Weight
	AAPL	C	6.44%
	NVDA	B	6.33%
	MSFT	D	5.74%
	GOOGL	C	3.68%
	AMZN	C	3.65%
	TSLA	B	1.86%
	LLY	F	1.28%
	UNH	B	1.15%
	V	A	1.09%
	MA	B	0.91%
	COST	A	0.8%
	NFLX	A	0.75%
	CRM	B	0.64%
	ORCL	A	0.63%
	LIN	C	0.52%
	GE	D	0.5%
	ACN	B	0.47%
	ADBE	C	0.47%
	AMD	F	0.46%
	DIS	B	0.46%
	NOW	A	0.44%
	TMO	F	0.44%
	ISRG	A	0.42%
	INTU	B	0.4%
	AXP	A	0.4%
	SPGI	C	0.35%
	BKNG	A	0.35%
	DHR	F	0.34%
	UBER	F	0.31%
	SYK	B	0.31%
	SCHW	B	0.3%
	BSX	A	0.29%
	AMAT	F	0.29%
	DE	B	0.28%
	VRTX	D	0.27%
	TJX	A	0.27%
	MMC	B	0.27%
	FI	A	0.26%
	PLD	F	0.26%
	TT	A	0.26%
	PANW	B	0.26%
	TMUS	B	0.25%
	SHW	B	0.25%
	KKR	A	0.25%
	PH	A	0.25%
	APH	A	0.24%
	MU	D	0.23%
	CMG	B	0.23%
	ICE	C	0.22%
	INTC	C	0.22%
	GEV	B	0.22%
	AMT	C	0.22%
	EQIX	A	0.21%
	ELV	F	0.21%
	AON	A	0.2%
	WELL	A	0.2%
	VMC	B	0.2%
	ANET	C	0.2%
	PYPL	B	0.19%
	NUE	C	0.19%
	LRCX	F	0.19%
	KLAC	F	0.18%
	CARR	C	0.18%
	ZTS	D	0.18%
	REGN	F	0.18%
	NKE	F	0.18%
	OXY	D	0.18%
	MCO	B	0.17%
	CDNS	B	0.17%
	SNPS	B	0.17%
	CEG	C	0.17%
	MSI	B	0.17%
	COF	C	0.17%
	ECL	D	0.17%
	MRVL	B	0.16%
	CRWD	B	0.16%
	COIN	C	0.15%
	MAR	A	0.15%
	BDX	F	0.15%
	CTAS	B	0.15%
	GM	C	0.15%
	URI	C	0.15%
	ADSK	A	0.14%
	ORLY	B	0.14%
	AJG	A	0.14%
	SPG	A	0.14%
	DLR	B	0.14%
	AME	A	0.13%
	FTNT	C	0.13%
	PSA	C	0.13%
	HLT	A	0.13%
	PWR	A	0.12%
	WDAY	B	0.12%
	IR	B	0.12%
	APP	B	0.12%
	ABNB	C	0.12%
	O	C	0.12%
	FICO	B	0.12%
	AXON	A	0.12%
	ROP	B	0.12%
	VRT	B	0.12%
	MNST	C	0.11%
	AZO	C	0.11%
	CCI	C	0.11%
	CPRT	B	0.11%
	TTD	B	0.11%
	STLD	B	0.11%
	OTIS	C	0.11%
	CSL	C	0.11%
	DHI	F	0.11%
	ODFL	C	0.1%
	WAB	B	0.1%
	CBRE	B	0.1%
	SQ	A	0.1%
	DAL	B	0.1%
	MSCI	C	0.1%
	LEN	D	0.1%
	RSG	A	0.1%
	GWW	B	0.1%
	IT	C	0.09%
	VRSK	A	0.09%
	EW	C	0.09%
	KVUE	A	0.09%
	ROST	D	0.09%
	ACGL	C	0.09%
	OC	A	0.09%
	RMD	C	0.08%
	IDXX	F	0.08%
	HEI	A	0.08%
	DOV	A	0.08%
	GEHC	D	0.08%
	IQV	F	0.08%
	DDOG	A	0.08%
	WTW	B	0.08%
	DELL	B	0.08%
	TEAM	A	0.08%
	AVB	B	0.08%
	CHTR	C	0.08%
	NDAQ	A	0.08%
	CTSH	B	0.08%
	EA	A	0.08%
	A	D	0.08%
	SNOW	B	0.08%
	XYL	D	0.08%
	EXR	C	0.08%
	NVR	D	0.07%
	FCNCA	A	0.07%
	VEEV	C	0.07%
	EQR	C	0.07%
	CNC	D	0.07%
	ALNY	D	0.07%
	DXCM	C	0.07%
	EFX	F	0.07%
	LULU	C	0.07%
	HUBS	A	0.07%
	IRM	C	0.07%
	KEYS	A	0.07%
	FTV	C	0.07%
	SW	A	0.07%
	RJF	A	0.07%
	HUM	C	0.07%
	MTD	F	0.06%
	BR	A	0.06%
	EME	A	0.06%
	NET	B	0.06%
	MPWR	F	0.06%
	SBAC	D	0.06%
	BRO	B	0.06%
	LPLA	A	0.06%
	ON	D	0.06%
	TSCO	D	0.06%
	TTWO	A	0.06%
	TDY	B	0.06%
	ANSS	B	0.06%
	VTR	B	0.06%
	CSGP	D	0.06%
	PHM	D	0.06%
	ZM	C	0.05%
	WDC	D	0.05%
	ESS	B	0.05%
	IBKR	A	0.05%
	WAT	C	0.05%
	PTC	B	0.05%
	WBD	B	0.05%
	ILMN	C	0.05%
	TRMB	B	0.05%
	IEX	C	0.05%
	STE	D	0.05%
	PNR	A	0.05%
	CDW	F	0.05%
	WST	C	0.05%
	ZBH	C	0.05%
	VLTO	C	0.05%
	BALL	F	0.05%
	BIIB	F	0.05%
	CBOE	C	0.05%
	DECK	A	0.05%
	CVNA	B	0.05%
	CHD	A	0.05%
	TYL	B	0.05%
	RBLX	C	0.05%
	LII	A	0.05%
	ALGN	D	0.04%
	MANH	D	0.04%
	JBHT	C	0.04%
	COHR	B	0.04%
	UDR	B	0.04%
	DOC	C	0.04%
	PINS	F	0.04%
	TWLO	A	0.04%
	UTHR	C	0.04%
	PFGC	B	0.04%
	SOFI	B	0.04%
	TW	A	0.04%
	TXRH	B	0.04%
	CMC	B	0.04%
	TOL	B	0.04%
	SUI	C	0.04%
	ATI	C	0.04%
	FSLR	F	0.04%
	FIX	A	0.04%
	MOH	F	0.04%
	CW	C	0.04%
	NDSN	B	0.04%
	XPO	B	0.04%
	ZS	B	0.04%
	EXPD	C	0.04%
	SFM	A	0.04%
	KIM	A	0.04%
	HOLX	D	0.04%
	PODD	C	0.04%
	FDS	B	0.04%
	TRU	D	0.04%
	AMCR	C	0.04%
	ZBRA	B	0.04%
	CASY	A	0.04%
	GGG	B	0.04%
	MDB	B	0.04%
	BAH	F	0.04%
	DPZ	C	0.04%
	AVY	F	0.04%
	LYV	A	0.04%
	WY	F	0.04%
	LH	B	0.04%
	USFD	A	0.04%
	ARE	F	0.04%
	MAA	B	0.04%
	OHI	C	0.03%
	BLD	D	0.03%
	KNSL	B	0.03%
	WMS	F	0.03%
	DCI	B	0.03%
	NBIX	C	0.03%
	SCI	B	0.03%
	WING	D	0.03%
	CUBE	C	0.03%
	WWD	C	0.03%
	JKHY	D	0.03%
	POOL	C	0.03%
	BMRN	F	0.03%
	TTEK	F	0.03%
	LAMR	C	0.03%
	MLI	B	0.03%
	EPAM	B	0.03%
	DLTR	F	0.03%
	AKAM	D	0.03%
	ARMK	B	0.03%
	AYI	B	0.03%
	ALSN	B	0.03%
	MRNA	F	0.03%
	AIT	B	0.03%
	DT	D	0.03%
	HST	C	0.03%
	FFIV	B	0.03%
	WPC	C	0.03%
	JBL	C	0.03%
	AFRM	A	0.03%
	LW	C	0.03%
	JLL	D	0.03%
	CCK	D	0.03%
	BXP	C	0.03%
	RVTY	F	0.03%
	CLH	C	0.03%
	CPT	B	0.03%
	ATR	B	0.03%
	OWL	A	0.03%
	ELS	C	0.03%
	AVTR	F	0.03%
	ENTG	D	0.03%
	Z	A	0.03%
	PSTG	D	0.03%
	LECO	C	0.03%
	RRX	B	0.03%
	SUM	B	0.03%
	ROL	B	0.03%
	RNR	C	0.03%
	REG	A	0.03%
	INCY	C	0.03%
	SAIA	B	0.03%
	SSNC	B	0.03%
	VRSN	C	0.03%
	APTV	F	0.03%
	DG	F	0.03%
	GWRE	A	0.03%
	NTNX	B	0.03%
	TOST	B	0.03%
	DOCU	B	0.03%
	BURL	B	0.03%
	MAS	D	0.03%
	ALLE	C	0.03%
	ULTA	F	0.03%
	ITT	A	0.03%
	TER	F	0.03%
	ACM	B	0.03%
	FSS	B	0.02%
	MOD	A	0.02%
	COLD	D	0.02%
	SMAR	B	0.02%
	LSTR	D	0.02%
	OLED	F	0.02%
	CVLT	B	0.02%
	GXO	B	0.02%
	ENPH	F	0.02%
	FCN	F	0.02%
	HLNE	B	0.02%
	ELAN	D	0.02%
	WSC	F	0.02%
	WEX	D	0.02%
	UFPI	C	0.02%
	LPX	B	0.02%
	MTH	D	0.02%
	G	B	0.02%
	ESTC	C	0.02%
	RHP	B	0.02%
	SKX	D	0.02%
	WTS	B	0.02%
	STAG	D	0.02%
	ALK	B	0.02%
	JAZZ	B	0.02%
	ONTO	F	0.02%
	GKOS	B	0.02%
	LFUS	D	0.02%
	VNO	C	0.02%
	NOVT	D	0.02%
	FR	D	0.02%
	MOG.A	B	0.02%
	RYAN	A	0.02%
	TMHC	C	0.02%
	RIVN	F	0.02%
	SNX	D	0.02%
	ESI	B	0.02%
	BMI	B	0.02%
	MEDP	D	0.02%
	ENSG	C	0.02%
	MSA	F	0.02%
	PLNT	A	0.02%
	HQY	A	0.02%
	DVA	C	0.02%
	TPX	B	0.02%
	PCTY	C	0.02%
	FBIN	D	0.02%
	WCC	B	0.02%
	BILL	A	0.02%
	ROKU	D	0.02%
	BRBR	A	0.02%
	AGNC	C	0.02%
	BWA	D	0.02%
	CHE	D	0.02%
	COKE	C	0.02%
	NYT	D	0.02%
	VMI	B	0.02%
	NNN	C	0.02%
	CGNX	D	0.02%
	DAR	C	0.02%
	HSIC	C	0.02%
	LAD	A	0.02%
	ESAB	C	0.02%
	SMCI	F	0.02%
	CNM	D	0.02%
	GTLS	A	0.02%
	MKSI	C	0.02%
	FRPT	A	0.02%
	PEN	B	0.02%
	EXAS	D	0.02%
	CIEN	C	0.02%
	MIDD	C	0.02%
	TFX	F	0.02%
	MTZ	B	0.02%
	MORN	B	0.02%
	GMED	A	0.02%
	KNX	C	0.02%
	SRPT	F	0.02%
	SEIC	B	0.02%
	BRX	A	0.02%
	APG	B	0.02%
	SSD	F	0.02%
	WTFC	A	0.02%
	MKTX	D	0.02%
	CRL	D	0.02%
	EXEL	B	0.02%
	FND	D	0.02%
	EHC	B	0.02%
	AAL	B	0.02%
	REXR	F	0.02%
	BJ	A	0.02%
	FRT	B	0.02%
	TTC	C	0.02%
	SNAP	D	0.02%
	PNFP	B	0.02%
	PAYC	B	0.02%
	GPK	C	0.02%
	CTLT	C	0.02%
	GL	C	0.02%
	TECH	F	0.02%
	DAY	B	0.02%
	KMX	B	0.02%
	LBRDK	C	0.02%
	AOS	F	0.02%
	DUOL	A	0.02%
	AXTA	B	0.02%
	OKTA	C	0.02%
	PRI	B	0.02%
	COTY	F	0.01%
	ALGM	D	0.01%
	COLM	C	0.01%
	APLS	F	0.01%
	ZI	D	0.01%
	TNET	F	0.01%
	PFSI	C	0.01%
	CACC	D	0.01%
	BBIO	F	0.01%
	CDP	C	0.01%
	XRAY	F	0.01%
	CHWY	B	0.01%
	OPCH	D	0.01%
	SIG	B	0.01%
	NSIT	F	0.01%
	AN	C	0.01%
	CHH	A	0.01%
	BCO	F	0.01%
	ATKR	D	0.01%
	CWAN	B	0.01%
	DLB	B	0.01%
	EEFT	B	0.01%
	FIVE	F	0.01%
	RH	C	0.01%
	PSN	D	0.01%
	WMG	D	0.01%
	ABG	C	0.01%
	TENB	C	0.01%
	IONS	F	0.01%
	ASH	F	0.01%
	MMS	F	0.01%
	APPF	B	0.01%
	HCP	B	0.01%
	BCC	B	0.01%
	EXPO	D	0.01%
	CROX	D	0.01%
	QLYS	B	0.01%
	ZWS	B	0.01%
	OLLI	D	0.01%
	ETSY	D	0.01%
	PVH	C	0.01%
	CRUS	D	0.01%
	INSP	D	0.01%
	IBP	D	0.01%
	RMBS	B	0.01%
	FELE	B	0.01%
	VRNS	D	0.01%
	BRKR	D	0.01%
	WTM	A	0.01%
	ARW	D	0.01%
	CELH	F	0.01%
	BECN	B	0.01%
	VNT	C	0.01%
	BPMC	B	0.01%
	SITE	F	0.01%
	SLGN	A	0.01%
	MAT	D	0.01%
	DOCS	C	0.01%
	ALTR	B	0.01%
	DY	D	0.01%
	HALO	F	0.01%
	AZEK	A	0.01%
	MMSI	A	0.01%
	SAIC	F	0.01%
	FOUR	A	0.01%
	QRVO	F	0.01%
	ELF	C	0.01%
	THO	B	0.01%
	AWI	A	0.01%
	LYFT	C	0.01%
	BFAM	D	0.01%
	ST	F	0.01%
	TKR	D	0.01%
	CFLT	B	0.01%
	DBX	B	0.01%
	AMG	B	0.01%
	KD	B	0.01%
	HXL	F	0.01%
	SPSC	D	0.01%
	KBH	D	0.01%
	BIO	C	0.01%
	EPRT	B	0.01%
	TRNO	F	0.01%
	KRG	B	0.01%
	LSCC	D	0.01%
	GME	C	0.01%
	ITRI	C	0.01%
	STWD	C	0.01%
	ANF	F	0.01%
	RGEN	D	0.01%
	MHK	D	0.01%
	EXLS	B	0.01%
	CWST	A	0.01%
	TREX	C	0.01%
	COOP	B	0.01%
	H	B	0.01%
	S	B	0.01%
	SIGI	C	0.01%
	LEVI	F	0.0%

CVLC Underweight 281 Positions Relative to VYM

	Symbol	Grade	Weight
	XOM	B	-2.97%
	JNJ	C	-2.19%
	CVX	A	-1.41%
	MCD	D	-1.19%
	PM	B	-1.17%
	RTX	D	-0.91%
	HON	C	-0.76%
	MS	A	-0.76%
	COP	C	-0.73%
	LMT	D	-0.66%
	CB	C	-0.65%
	SO	C	-0.57%
	MO	A	-0.53%
	DUK	C	-0.5%
	GD	D	-0.45%
	EOG	A	-0.4%
	MMM	D	-0.4%
	WMB	A	-0.36%
	NXPI	D	-0.34%
	OKE	A	-0.32%
	NSC	B	-0.32%
	SLB	C	-0.32%
	AEP	C	-0.3%
	NEM	D	-0.3%
	PSX	C	-0.29%
	MPC	D	-0.29%
	LHX	C	-0.27%
	KMI	A	-0.27%
	VST	A	-0.24%
	VLO	C	-0.23%
	TRGP	A	-0.21%
	DD	C	-0.2%
	DOW	F	-0.2%
	ETR	B	-0.19%
	FANG	C	-0.19%
	EIX	B	-0.18%
	GRMN	B	-0.17%
	ADM	D	-0.15%
	CAH	B	-0.15%
	PPL	A	-0.14%
	FE	C	-0.14%
	DVN	F	-0.14%
	HAL	C	-0.14%
	LYB	F	-0.13%
	ATO	A	-0.12%
	EQT	B	-0.12%
	CNP	A	-0.11%
	IP	A	-0.11%
	CTRA	B	-0.1%
	LUV	C	-0.1%
	MRO	B	-0.09%
	CCEP	C	-0.09%
	FNF	B	-0.09%
	RPM	A	-0.09%
	TSN	B	-0.09%
	VTRS	A	-0.08%
	CF	A	-0.08%
	BAP	A	-0.07%
	AIZ	A	-0.06%
	PNW	A	-0.06%
	OVV	B	-0.06%
	OGE	A	-0.05%
	CRBG	B	-0.05%
	APA	D	-0.05%
	DTM	A	-0.05%
	PR	B	-0.05%
	SCCO	F	-0.05%
	TAP	C	-0.05%
	FOXA	A	-0.05%
	RLI	A	-0.04%
	SIRI	C	-0.04%
	WBA	F	-0.04%
	CRS	B	-0.04%
	RRC	B	-0.04%
	XP	F	-0.04%
	HII	F	-0.04%
	CHRD	D	-0.04%
	HWC	B	-0.03%
	NJR	A	-0.03%
	MUR	D	-0.03%
	FFIN	B	-0.03%
	MC	C	-0.03%
	KTB	B	-0.03%
	AM	A	-0.03%
	CIVI	D	-0.03%
	PIPR	A	-0.03%
	UMBF	B	-0.03%
	UBSI	B	-0.03%
	FOX	A	-0.03%
	MDU	D	-0.03%
	GBCI	B	-0.03%
	COLB	B	-0.03%
	DINO	D	-0.03%
	CXT	C	-0.02%
	VAC	C	-0.02%
	CC	C	-0.02%
	CNS	B	-0.02%
	STNG	F	-0.02%
	LCII	C	-0.02%
	APAM	B	-0.02%
	MGRC	B	-0.02%
	TRN	B	-0.02%
	TGNA	B	-0.02%
	BOH	B	-0.02%
	NSP	F	-0.02%
	SFNC	C	-0.02%
	AVA	A	-0.02%
	TDS	B	-0.02%
	PBF	D	-0.02%
	PTEN	C	-0.02%
	CWT	C	-0.02%
	MAN	F	-0.02%
	SLVM	B	-0.02%
	AWR	B	-0.02%
	FBP	C	-0.02%
	EBC	B	-0.02%
	SXT	C	-0.02%
	FHB	B	-0.02%
	CATY	B	-0.02%
	TNL	A	-0.02%
	CBU	B	-0.02%
	YOU	D	-0.02%
	OTTR	C	-0.02%
	HP	C	-0.02%
	SHOO	F	-0.02%
	NWE	B	-0.02%
	FULT	A	-0.02%
	MGEE	B	-0.02%
	IBOC	B	-0.02%
	WEN	D	-0.02%
	AROC	A	-0.02%
	ABM	B	-0.02%
	BTU	B	-0.02%
	AUB	B	-0.02%
	UCB	A	-0.02%
	IRDM	D	-0.02%
	SEM	B	-0.02%
	PRGO	C	-0.02%
	CCOI	B	-0.02%
	WD	D	-0.02%
	ASB	B	-0.02%
	GLNG	C	-0.02%
	CALM	A	-0.02%
	NOG	B	-0.02%
	CRC	A	-0.02%
	PII	F	-0.02%
	CNO	B	-0.02%
	DNB	B	-0.02%
	SR	A	-0.02%
	HUN	F	-0.02%
	KFY	B	-0.02%
	WU	F	-0.02%
	NWL	C	-0.02%
	ALE	A	-0.02%
	SMG	C	-0.02%
	KMPR	A	-0.02%
	PNM	B	-0.02%
	OGS	A	-0.02%
	BKH	A	-0.02%
	VLY	B	-0.02%
	AVNT	B	-0.02%
	SFBS	C	-0.02%
	AGO	B	-0.02%
	MGY	A	-0.02%
	XRX	F	-0.01%
	JACK	C	-0.01%
	DK	C	-0.01%
	DAN	D	-0.01%
	WMK	C	-0.01%
	CNA	C	-0.01%
	CBRL	C	-0.01%
	OXM	F	-0.01%
	KLG	B	-0.01%
	FDP	B	-0.01%
	SRCE	B	-0.01%
	SCS	C	-0.01%
	UI	B	-0.01%
	NAVI	F	-0.01%
	SAFT	B	-0.01%
	DDS	B	-0.01%
	BHLB	B	-0.01%
	KALU	C	-0.01%
	KW	C	-0.01%
	UVV	B	-0.01%
	WOR	F	-0.01%
	EIG	B	-0.01%
	SFL	D	-0.01%
	BKE	B	-0.01%
	BLMN	F	-0.01%
	WABC	B	-0.01%
	CSGS	B	-0.01%
	HOPE	C	-0.01%
	HTH	C	-0.01%
	WT	A	-0.01%
	STBA	B	-0.01%
	TROX	D	-0.01%
	VRTS	B	-0.01%
	SASR	B	-0.01%
	REYN	D	-0.01%
	AY	A	-0.01%
	NWN	A	-0.01%
	HMN	B	-0.01%
	BHE	C	-0.01%
	WKC	C	-0.01%
	UPBD	B	-0.01%
	MLKN	F	-0.01%
	WGO	C	-0.01%
	GEF	A	-0.01%
	LEG	F	-0.01%
	LZB	B	-0.01%
	SYBT	B	-0.01%
	APOG	C	-0.01%
	FCF	B	-0.01%
	PDCO	F	-0.01%
	HEES	C	-0.01%
	TNC	D	-0.01%
	NWBI	B	-0.01%
	NTB	B	-0.01%
	CHCO	B	-0.01%
	PZZA	F	-0.01%
	WLY	B	-0.01%
	MCY	A	-0.01%
	WSBC	B	-0.01%
	GBX	A	-0.01%
	SJW	F	-0.01%
	SBLK	F	-0.01%
	STRA	C	-0.01%
	HI	C	-0.01%
	CABO	B	-0.01%
	CRI	F	-0.01%
	KMT	B	-0.01%
	PHIN	A	-0.01%
	NMRK	C	-0.01%
	NBTB	B	-0.01%
	KSS	F	-0.01%
	TRMK	C	-0.01%
	IBTX	B	-0.01%
	RNST	B	-0.01%
	PINC	B	-0.01%
	AAP	D	-0.01%
	VSH	F	-0.01%
	B	A	-0.01%
	FRME	B	-0.01%
	BANR	B	-0.01%
	BANF	B	-0.01%
	CAKE	C	-0.01%
	SBCF	B	-0.01%
	TOWN	B	-0.01%
	JWN	D	-0.01%
	WAFD	B	-0.01%
	ENR	B	-0.01%
	HNI	B	-0.01%
	ADTN	A	-0.01%
	IGT	F	-0.01%
	PFS	B	-0.01%
	NOMD	D	-0.01%
	FFBC	B	-0.01%
	FIBK	B	-0.01%
	PPBI	C	-0.01%
	SPB	C	-0.01%
	BFH	C	-0.01%
	PRK	B	-0.01%
	HTLF	B	-0.01%
	RRR	F	-0.01%
	JJSF	C	-0.01%
	VIRT	A	-0.01%
	CVBF	A	-0.01%
	ARCH	B	-0.01%
	BKU	A	-0.01%
	CPK	A	-0.01%
	INDB	B	-0.01%
	GES	F	-0.0%
	CVI	F	-0.0%
	NFE	D	-0.0%
	RBCAA	B	-0.0%
	SCHL	F	-0.0%
	TFSL	A	-0.0%
	FG	A	-0.0%
	SSTK	F	-0.0%
	DLX	B	-0.0%
	MATV	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

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Utilities - Regulated Electric Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Specialty Chemicals Insurance - Life Oil & Gas Refining & Marketing Semiconductors Capital Markets Chemicals Credit Services Drug Manufacturers - Major Insurance - Diversified Packaging & Containers

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Insurance Products Mining Chemical Commercial Bank Life Insurance Trust Services Cash Management Electronics