CVMC vs. AVMC ETF Comparison

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

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

$63.41

Average Daily Volume

2,251

Number of Holdings ^*

606

* 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

$69.26

Average Daily Volume

8,288

Number of Holdings ^*

518

* may have additional holdings in another (foreign) market

Performance

Period	CVMC	AVMC
30 Days	5.83%	7.53%
60 Days	6.29%	8.59%
90 Days	8.25%	10.46%
12 Months	30.95%	34.96%

381 Overlapping Holdings

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

CVMC Overweight 226 Positions Relative to AVMC

	Symbol	Grade	Weight
	ADSK	A	0.64%
	FTNT	C	0.59%
	FICO	B	0.57%
	TTD	B	0.55%
	BK	A	0.55%
	AMP	A	0.54%
	GWW	B	0.5%
	ALL	A	0.5%
	D	C	0.47%
	PAYX	C	0.47%
	AME	A	0.46%
	MSCI	C	0.46%
	FAST	B	0.45%
	BKR	B	0.45%
	PRU	A	0.44%
	CCI	D	0.44%
	ODFL	B	0.43%
	LEN	D	0.42%
	VRSK	A	0.42%
	KMB	D	0.42%
	OTIS	C	0.41%
	SNOW	C	0.41%
	YUM	B	0.4%
	DDOG	A	0.4%
	TEAM	A	0.4%
	CHTR	C	0.39%
	NUE	C	0.36%
	HPQ	A	0.36%
	ALNY	D	0.35%
	HUBS	A	0.35%
	EXR	D	0.35%
	IRM	D	0.34%
	HUM	C	0.34%
	AVB	B	0.34%
	WTW	B	0.31%
	HEI	B	0.31%
	EQR	B	0.3%
	KHC	F	0.3%
	ARES	A	0.3%
	ANSS	B	0.3%
	VTR	C	0.29%
	FTV	C	0.29%
	MTD	D	0.28%
	NET	B	0.28%
	TYL	C	0.27%
	RBLX	C	0.27%
	SBAC	D	0.26%
	VLTO	D	0.25%
	TDY	B	0.25%
	CVNA	B	0.25%
	ESS	B	0.22%
	TRU	D	0.22%
	WDC	D	0.22%
	MAA	B	0.21%
	ZBRA	B	0.21%
	STX	D	0.21%
	ARE	D	0.21%
	MDB	C	0.21%
	PODD	C	0.2%
	ZS	C	0.2%
	WY	D	0.2%
	DGX	A	0.19%
	KIM	A	0.18%
	DPZ	C	0.17%
	DOC	D	0.17%
	NTNX	A	0.17%
	DOCU	A	0.17%
	SUI	D	0.17%
	GEN	B	0.17%
	RVTY	F	0.16%
	CW	B	0.16%
	NDSN	B	0.16%
	TOST	B	0.16%
	VRSN	F	0.16%
	UDR	B	0.16%
	REG	B	0.15%
	SWK	D	0.15%
	AVTR	F	0.15%
	SFM	A	0.15%
	HST	C	0.14%
	NVT	B	0.14%
	BXP	D	0.14%
	CPT	B	0.14%
	CAG	D	0.14%
	ELS	C	0.14%
	DT	C	0.14%
	SJM	D	0.13%
	AAL	B	0.13%
	OKTA	C	0.13%
	DUOL	A	0.13%
	RRX	B	0.13%
	WPC	D	0.13%
	SUM	B	0.13%
	BG	F	0.13%
	OHI	C	0.12%
	WTRG	B	0.12%
	DAY	B	0.12%
	CUBE	D	0.12%
	OWL	A	0.12%
	TTEK	F	0.12%
	LAMR	D	0.12%
	WING	D	0.11%
	FRT	B	0.11%
	SRPT	D	0.11%
	CRL	C	0.11%
	SNAP	C	0.11%
	PEN	B	0.1%
	BRX	A	0.1%
	CNH	C	0.1%
	DOX	D	0.1%
	EXAS	D	0.1%
	AAON	B	0.1%
	REXR	F	0.1%
	NNN	D	0.09%
	MOD	A	0.09%
	MKSI	C	0.09%
	BRBR	A	0.09%
	HSIC	B	0.09%
	PLNT	A	0.09%
	CE	F	0.09%
	ALK	C	0.09%
	HLI	B	0.09%
	MTZ	B	0.09%
	CVLT	B	0.08%
	SNV	B	0.08%
	VMI	B	0.08%
	FR	D	0.08%
	FCN	D	0.08%
	ESTC	C	0.08%
	VNO	B	0.08%
	GXO	B	0.08%
	GKOS	B	0.08%
	MIDD	C	0.08%
	GTLS	B	0.08%
	HQY	B	0.08%
	ACI	C	0.08%
	BPMC	C	0.07%
	BCPC	B	0.07%
	KRG	B	0.07%
	KD	B	0.07%
	CADE	B	0.07%
	DBX	B	0.07%
	ONB	B	0.07%
	CBT	C	0.07%
	CWST	A	0.07%
	CFLT	B	0.07%
	ANF	C	0.07%
	COLD	D	0.07%
	NOVT	D	0.07%
	MOG.A	B	0.07%
	AGNC	D	0.07%
	ESI	A	0.07%
	JXN	C	0.07%
	EXLS	B	0.07%
	RHP	B	0.07%
	SMAR	A	0.07%
	BMI	B	0.07%
	STAG	F	0.07%
	LPX	B	0.07%
	HOMB	A	0.06%
	IBP	D	0.06%
	INSP	D	0.06%
	CRUS	D	0.06%
	ETSY	D	0.06%
	UGI	A	0.06%
	EXPO	D	0.06%
	THG	A	0.06%
	STWD	C	0.06%
	FNB	A	0.06%
	LNC	B	0.06%
	JHG	A	0.06%
	DY	D	0.06%
	COOP	B	0.06%
	VRNS	D	0.06%
	AL	B	0.06%
	HOG	D	0.06%
	ITRI	B	0.06%
	GATX	A	0.06%
	ALTR	B	0.06%
	FSS	B	0.06%
	MMSI	B	0.06%
	AWI	A	0.06%
	LYFT	C	0.06%
	AZEK	A	0.06%
	ELF	C	0.06%
	EPRT	B	0.06%
	KBH	D	0.06%
	DOCS	C	0.06%
	FOUR	B	0.06%
	BBWI	D	0.06%
	TRNO	F	0.06%
	BCO	D	0.05%
	RH	B	0.05%
	PSN	D	0.05%
	WTM	A	0.05%
	FELE	B	0.05%
	ABG	B	0.05%
	RDN	C	0.05%
	SLM	A	0.05%
	TENB	C	0.05%
	WMG	C	0.05%
	SLGN	A	0.05%
	BCC	B	0.05%
	SWX	B	0.05%
	HCP	B	0.05%
	APPF	B	0.05%
	POR	C	0.05%
	TPG	A	0.05%
	IONS	F	0.05%
	MMS	F	0.05%
	BBIO	F	0.04%
	CDP	C	0.04%
	SIG	B	0.04%
	M	D	0.04%
	OPCH	D	0.04%
	CWAN	B	0.04%
	OGN	D	0.04%
	ASH	D	0.04%
	EEFT	B	0.04%
	AVT	C	0.04%
	FIVE	F	0.04%
	PFSI	D	0.03%
	COTY	F	0.03%
	ALGM	D	0.03%
	APLS	D	0.03%
	ZI	D	0.03%

CVMC Underweight 137 Positions Relative to AVMC

	Symbol	Grade	Weight
	RCL	A	-0.94%
	VST	B	-0.92%
	TRGP	B	-0.73%
	TPL	A	-0.59%
	COIN	C	-0.53%
	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%
	MRNA	F	-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%
	DXCM	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	A	-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%

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

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