CVMC vs. FNX ETF Comparison

Comparison of Calvert US Mid-Cap Core Responsible Index ETF (CVMC) to First Trust Mid Cap Core AlphaDEX (FNX)

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

FNX

First Trust Mid Cap Core AlphaDEX

FNX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$125.45

Average Daily Volume

19,327

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	CVMC	FNX
30 Days	5.83%	7.90%
60 Days	6.29%	7.72%
90 Days	8.25%	8.86%
12 Months	30.95%	36.29%

264 Overlapping Holdings

	Symbol	Grade	Weight in CVMC	Weight in FNX	Overlap
	AAON	B	0.1%	0.35%	0.1%
	ABG	B	0.05%	0.31%	0.05%
	AES	F	0.11%	0.1%	0.1%
	AFG	A	0.1%	0.15%	0.1%
	AFRM	B	0.14%	0.54%	0.14%
	AGCO	D	0.07%	0.21%	0.07%
	AGNC	D	0.07%	0.07%	0.07%
	AIT	A	0.12%	0.26%	0.12%
	AL	B	0.06%	0.38%	0.06%
	ALK	C	0.09%	0.25%	0.09%
	ALLE	D	0.14%	0.14%	0.14%
	ALSN	B	0.12%	0.35%	0.12%
	AMG	B	0.05%	0.37%	0.05%
	AN	C	0.04%	0.26%	0.04%
	ANF	C	0.07%	0.22%	0.07%
	AOS	F	0.1%	0.06%	0.06%
	ARMK	B	0.11%	0.07%	0.07%
	ARW	D	0.06%	0.25%	0.06%
	ASH	D	0.04%	0.25%	0.04%
	ATI	D	0.12%	0.3%	0.12%
	ATKR	C	0.04%	0.37%	0.04%
	ATR	B	0.13%	0.15%	0.13%
	AVT	C	0.04%	0.28%	0.04%
	AWI	A	0.06%	0.25%	0.06%
	AXS	A	0.06%	0.23%	0.06%
	AXTA	A	0.1%	0.16%	0.1%
	AYI	B	0.12%	0.17%	0.12%
	AZEK	A	0.06%	0.14%	0.06%
	BBWI	D	0.06%	0.21%	0.06%
	BC	C	0.06%	0.2%	0.06%
	BCC	B	0.05%	0.36%	0.05%
	BCO	D	0.05%	0.28%	0.05%
	BCPC	B	0.07%	0.07%	0.07%
	BECN	B	0.06%	0.27%	0.06%
	BEN	C	0.06%	0.31%	0.06%
	BERY	B	0.09%	0.23%	0.09%
	BFAM	D	0.07%	0.28%	0.07%
	BJ	A	0.11%	0.08%	0.08%
	BMI	B	0.07%	0.28%	0.07%
	BOKF	B	0.03%	0.16%	0.03%
	BPMC	C	0.07%	0.07%	0.07%
	BPOP	B	0.07%	0.14%	0.07%
	BRBR	A	0.09%	0.17%	0.09%
	BRX	A	0.1%	0.15%	0.1%
	BWA	D	0.11%	0.34%	0.11%
	CADE	B	0.07%	0.34%	0.07%
	CBSH	A	0.09%	0.09%	0.09%
	CBT	C	0.07%	0.28%	0.07%
	CCK	C	0.12%	0.07%	0.07%
	CFR	B	0.08%	0.18%	0.08%
	CLH	B	0.14%	0.22%	0.14%
	CMA	A	0.09%	0.16%	0.09%
	CMC	B	0.14%	0.39%	0.14%
	COHR	B	0.15%	0.31%	0.15%
	COKE	C	0.07%	0.33%	0.07%
	COLM	B	0.03%	0.21%	0.03%
	COOP	B	0.06%	0.38%	0.06%
	COTY	F	0.03%	0.05%	0.03%
	CPT	B	0.14%	0.07%	0.07%
	CRL	C	0.11%	0.14%	0.11%
	CROX	D	0.05%	0.1%	0.05%
	CRUS	D	0.06%	0.12%	0.06%
	CUBE	D	0.12%	0.13%	0.12%
	CVLT	B	0.08%	0.39%	0.08%
	CW	B	0.16%	0.31%	0.16%
	CWST	A	0.07%	0.08%	0.07%
	DAR	C	0.07%	0.33%	0.07%
	DAY	B	0.12%	0.09%	0.09%
	DBX	B	0.07%	0.07%	0.07%
	DCI	B	0.11%	0.07%	0.07%
	DKS	C	0.11%	0.14%	0.11%
	DOCU	A	0.17%	0.18%	0.17%
	DT	C	0.14%	0.14%	0.14%
	DUOL	A	0.13%	0.39%	0.13%
	DVA	B	0.08%	0.34%	0.08%
	DY	D	0.06%	0.36%	0.06%
	EEFT	B	0.04%	0.07%	0.04%
	EHC	B	0.11%	0.29%	0.11%
	ELAN	D	0.07%	0.07%	0.07%
	EMN	D	0.13%	0.27%	0.13%
	ENSG	D	0.09%	0.36%	0.09%
	EPAM	C	0.14%	0.17%	0.14%
	EPRT	B	0.06%	0.28%	0.06%
	ESAB	B	0.08%	0.08%	0.08%
	ESI	A	0.07%	0.07%	0.07%
	ESNT	D	0.06%	0.31%	0.06%
	EVRG	A	0.16%	0.29%	0.16%
	EWBC	A	0.14%	0.36%	0.14%
	EXEL	B	0.11%	0.29%	0.11%
	EXLS	B	0.07%	0.33%	0.07%
	EXPO	D	0.06%	0.12%	0.06%
	FAF	A	0.07%	0.14%	0.07%
	FBIN	D	0.09%	0.06%	0.06%
	FCN	D	0.08%	0.06%	0.06%
	FELE	B	0.05%	0.14%	0.05%
	FFIV	B	0.14%	0.16%	0.14%
	FHN	A	0.1%	0.28%	0.1%
	FIVE	F	0.04%	0.21%	0.04%
	FIX	A	0.17%	0.41%	0.17%
	FLO	D	0.05%	0.07%	0.05%
	FLS	B	0.09%	0.25%	0.09%
	FMC	D	0.08%	0.3%	0.08%
	FNB	A	0.06%	0.25%	0.06%
	FND	C	0.1%	0.06%	0.06%
	FOUR	B	0.06%	0.41%	0.06%
	FR	C	0.08%	0.07%	0.07%
	FRPT	B	0.08%	0.32%	0.08%
	FSS	B	0.06%	0.21%	0.06%
	G	B	0.08%	0.33%	0.08%
	GAP	C	0.05%	0.07%	0.05%
	GATX	A	0.06%	0.08%	0.06%
	GKOS	B	0.08%	0.15%	0.08%
	GL	B	0.09%	0.22%	0.09%
	GME	C	0.07%	0.08%	0.07%
	GMED	A	0.1%	0.33%	0.1%
	GPK	C	0.1%	0.14%	0.1%
	GWRE	A	0.16%	0.3%	0.16%
	GXO	B	0.08%	0.16%	0.08%
	H	B	0.08%	0.07%	0.07%
	HALO	F	0.07%	0.16%	0.07%
	HLI	B	0.09%	0.25%	0.09%
	HLNE	B	0.08%	0.41%	0.08%
	HOG	D	0.06%	0.31%	0.06%
	HOMB	A	0.06%	0.16%	0.06%
	HRB	D	0.09%	0.2%	0.09%
	HSIC	B	0.09%	0.15%	0.09%
	HST	C	0.14%	0.28%	0.14%
	IBP	D	0.06%	0.18%	0.06%
	IDA	A	0.07%	0.25%	0.07%
	INGR	B	0.1%	0.29%	0.1%
	INSP	D	0.06%	0.12%	0.06%
	IPG	D	0.12%	0.19%	0.12%
	ITRI	B	0.06%	0.31%	0.06%
	ITT	A	0.14%	0.22%	0.14%
	JAZZ	B	0.08%	0.3%	0.08%
	JBL	B	0.14%	0.23%	0.14%
	JEF	A	0.12%	0.17%	0.12%
	JLL	D	0.14%	0.07%	0.07%
	JXN	C	0.07%	0.32%	0.07%
	KBH	D	0.06%	0.32%	0.06%
	KD	B	0.07%	0.09%	0.07%
	KMX	B	0.12%	0.07%	0.07%
	KNSL	B	0.1%	0.07%	0.07%
	KNX	B	0.12%	0.22%	0.12%
	KRG	B	0.07%	0.07%	0.07%
	LAD	A	0.09%	0.42%	0.09%
	LAMR	D	0.12%	0.14%	0.12%
	LBRDK	C	0.12%	0.32%	0.12%
	LEA	D	0.08%	0.31%	0.08%
	LFUS	F	0.07%	0.06%	0.06%
	LKQ	D	0.1%	0.27%	0.1%
	LNC	B	0.06%	0.32%	0.06%
	LPX	B	0.07%	0.23%	0.07%
	LSTR	D	0.09%	0.07%	0.07%
	LYFT	C	0.06%	0.1%	0.06%
	M	D	0.04%	0.28%	0.04%
	MAT	D	0.06%	0.14%	0.06%
	MIDD	C	0.08%	0.21%	0.08%
	MKTX	D	0.11%	0.15%	0.11%
	MLI	C	0.11%	0.35%	0.11%
	MMS	F	0.05%	0.18%	0.05%
	MMSI	B	0.06%	0.23%	0.06%
	MOD	A	0.09%	0.34%	0.09%
	MOG.A	B	0.07%	0.39%	0.07%
	MORN	B	0.11%	0.08%	0.08%
	MOS	F	0.1%	0.28%	0.1%
	MSM	C	0.04%	0.21%	0.04%
	MTG	C	0.06%	0.35%	0.06%
	MTH	D	0.07%	0.31%	0.07%
	NFG	A	0.06%	0.29%	0.06%
	NNN	D	0.09%	0.06%	0.06%
	NSIT	F	0.04%	0.05%	0.04%
	NTNX	A	0.17%	0.08%	0.08%
	NXST	C	0.06%	0.28%	0.06%
	NYT	C	0.1%	0.14%	0.1%
	OGN	D	0.04%	0.11%	0.04%
	OHI	C	0.12%	0.14%	0.12%
	OLLI	D	0.05%	0.13%	0.05%
	OMF	A	0.06%	0.25%	0.06%
	ONB	B	0.07%	0.16%	0.07%
	OPCH	D	0.04%	0.05%	0.04%
	ORI	A	0.09%	0.23%	0.09%
	OSK	B	0.08%	0.39%	0.08%
	OWL	A	0.12%	0.09%	0.09%
	OZK	B	0.05%	0.32%	0.05%
	PAG	B	0.03%	0.21%	0.03%
	PB	A	0.07%	0.16%	0.07%
	PCTY	B	0.09%	0.08%	0.08%
	PFGC	B	0.14%	0.15%	0.14%
	PFSI	D	0.03%	0.06%	0.03%
	PLNT	A	0.09%	0.26%	0.09%
	PNFP	B	0.09%	0.18%	0.09%
	PODD	C	0.2%	0.32%	0.2%
	POR	C	0.05%	0.28%	0.05%
	PRI	A	0.1%	0.16%	0.1%
	PSN	D	0.05%	0.33%	0.05%
	PVH	C	0.05%	0.36%	0.05%
	R	B	0.1%	0.32%	0.1%
	RDN	C	0.05%	0.35%	0.05%
	REG	B	0.15%	0.15%	0.15%
	RHI	B	0.09%	0.16%	0.09%
	RHP	B	0.07%	0.07%	0.07%
	RL	B	0.08%	0.23%	0.08%
	RNR	C	0.12%	0.34%	0.12%
	RRX	B	0.13%	0.07%	0.07%
	RYAN	B	0.07%	0.23%	0.07%
	S	B	0.08%	0.16%	0.08%
	SAIC	F	0.07%	0.06%	0.06%
	SCI	B	0.13%	0.16%	0.13%
	SEE	C	0.06%	0.07%	0.06%
	SEIC	B	0.08%	0.25%	0.08%
	SF	B	0.11%	0.09%	0.09%
	SFM	A	0.15%	0.46%	0.15%
	SIG	B	0.04%	0.33%	0.04%
	SIGI	C	0.06%	0.08%	0.06%
	SJM	D	0.13%	0.2%	0.13%
	SKX	D	0.08%	0.2%	0.08%
	SLGN	A	0.05%	0.15%	0.05%
	SLM	A	0.05%	0.23%	0.05%
	SNV	B	0.08%	0.09%	0.08%
	SNX	C	0.08%	0.28%	0.08%
	SOFI	A	0.14%	0.38%	0.14%
	SON	D	0.06%	0.26%	0.06%
	SSB	B	0.08%	0.16%	0.08%
	SSD	D	0.09%	0.07%	0.07%
	STWD	C	0.06%	0.07%	0.06%
	SUM	B	0.13%	0.27%	0.13%
	SWX	B	0.05%	0.23%	0.05%
	TECH	D	0.12%	0.06%	0.06%
	TFX	F	0.1%	0.06%	0.06%
	THG	A	0.06%	0.08%	0.06%
	THO	B	0.08%	0.22%	0.08%
	TKR	D	0.05%	0.19%	0.05%
	TMHC	B	0.08%	0.35%	0.08%
	TNET	D	0.04%	0.06%	0.04%
	TOST	B	0.16%	0.4%	0.16%
	TPG	A	0.05%	0.25%	0.05%
	TPR	B	0.13%	0.17%	0.13%
	TTC	D	0.1%	0.14%	0.1%
	TTEK	F	0.12%	0.31%	0.12%
	TW	A	0.14%	0.23%	0.14%
	TXRH	C	0.14%	0.24%	0.14%
	UDR	B	0.16%	0.07%	0.07%
	UFPI	B	0.08%	0.28%	0.08%
	UGI	A	0.06%	0.35%	0.06%
	UNM	A	0.13%	0.35%	0.13%
	USFD	A	0.17%	0.08%	0.08%
	VMI	B	0.08%	0.08%	0.08%
	VNO	B	0.08%	0.07%	0.07%
	VNT	B	0.06%	0.24%	0.06%
	VOYA	B	0.08%	0.15%	0.08%
	VRNS	D	0.06%	0.19%	0.06%
	WAL	B	0.1%	0.15%	0.1%
	WBS	A	0.1%	0.28%	0.1%
	WCC	B	0.09%	0.35%	0.09%
	WHR	B	0.06%	0.3%	0.06%
	WING	D	0.11%	0.11%	0.11%
	WPC	D	0.13%	0.19%	0.13%
	WTFC	A	0.08%	0.26%	0.08%
	WTM	A	0.05%	0.08%	0.05%
	WTRG	B	0.12%	0.22%	0.12%
	WTS	B	0.07%	0.15%	0.07%
	WWD	B	0.11%	0.14%	0.11%
	ZION	B	0.08%	0.27%	0.08%

CVMC Overweight 342 Positions Relative to FNX

	Symbol	Grade	Weight
	ADSK	A	0.64%
	FTNT	C	0.59%
	FICO	B	0.57%
	APP	B	0.55%
	URI	B	0.55%
	TTD	B	0.55%
	BK	A	0.55%
	AMP	A	0.54%
	CMI	A	0.5%
	GWW	B	0.5%
	ALL	A	0.5%
	VRT	B	0.48%
	PWR	A	0.48%
	AXON	A	0.48%
	FIS	C	0.48%
	SQ	B	0.47%
	D	C	0.47%
	PAYX	C	0.47%
	AME	A	0.46%
	DAL	C	0.46%
	MSCI	C	0.46%
	FAST	B	0.45%
	BKR	B	0.45%
	PRU	A	0.44%
	KR	B	0.44%
	CCI	D	0.44%
	PEG	A	0.44%
	IR	B	0.43%
	KVUE	A	0.43%
	ODFL	B	0.43%
	LEN	D	0.42%
	IT	C	0.42%
	VRSK	A	0.42%
	CBRE	B	0.42%
	DFS	B	0.42%
	KMB	D	0.42%
	CTSH	B	0.41%
	OTIS	C	0.41%
	SNOW	C	0.41%
	YUM	B	0.4%
	VMC	B	0.4%
	DDOG	A	0.4%
	TEAM	A	0.4%
	XEL	A	0.4%
	EA	A	0.4%
	CHTR	C	0.39%
	EXC	C	0.39%
	GLW	B	0.38%
	SYY	B	0.38%
	A	D	0.38%
	IQV	D	0.37%
	GEHC	F	0.37%
	GIS	D	0.37%
	WAB	B	0.37%
	NUE	C	0.36%
	HPQ	B	0.36%
	ALNY	D	0.35%
	VEEV	C	0.35%
	ROK	B	0.35%
	RMD	C	0.35%
	HUBS	A	0.35%
	IDXX	F	0.35%
	ACGL	D	0.35%
	EXR	D	0.35%
	LULU	C	0.34%
	IRM	D	0.34%
	HUM	C	0.34%
	AVB	B	0.34%
	ED	D	0.34%
	MTB	A	0.34%
	CSGP	D	0.33%
	WEC	A	0.33%
	HIG	B	0.33%
	EFX	F	0.33%
	FITB	A	0.31%
	WTW	B	0.31%
	PPG	F	0.31%
	CNC	D	0.31%
	DOV	A	0.31%
	XYL	D	0.31%
	NVR	D	0.31%
	NDAQ	A	0.31%
	HEI	B	0.31%
	EQR	B	0.3%
	TTWO	A	0.3%
	KHC	F	0.3%
	ARES	A	0.3%
	ANSS	B	0.3%
	HSY	F	0.29%
	RJF	A	0.29%
	EBAY	D	0.29%
	SW	A	0.29%
	BRO	B	0.29%
	VTR	C	0.29%
	ON	D	0.29%
	KEYS	A	0.29%
	PHM	D	0.29%
	FTV	C	0.29%
	DTE	C	0.28%
	MTD	D	0.28%
	NET	B	0.28%
	AWK	D	0.28%
	HPE	B	0.28%
	TSCO	D	0.28%
	WST	C	0.27%
	TYL	B	0.27%
	AEE	A	0.27%
	HUBB	B	0.27%
	MPWR	F	0.27%
	BR	A	0.27%
	STT	A	0.27%
	RBLX	C	0.27%
	DECK	A	0.26%
	EME	C	0.26%
	BIIB	F	0.26%
	SBAC	D	0.26%
	WBD	C	0.26%
	ILMN	D	0.25%
	ES	D	0.25%
	CDW	F	0.25%
	SYF	B	0.25%
	NTAP	C	0.25%
	CSL	C	0.25%
	STLD	B	0.25%
	VLTO	D	0.25%
	CHD	B	0.25%
	FCNCA	A	0.25%
	TDY	B	0.25%
	CVNA	B	0.25%
	TROW	B	0.25%
	XPO	B	0.24%
	STE	F	0.24%
	PKG	A	0.24%
	ZBH	C	0.24%
	WAT	B	0.24%
	HBAN	A	0.24%
	CMS	C	0.23%
	LYV	A	0.23%
	LII	A	0.23%
	LPLA	A	0.23%
	OMC	C	0.23%
	K	A	0.23%
	RF	A	0.23%
	PTC	A	0.23%
	IFF	D	0.23%
	DRI	B	0.22%
	ESS	B	0.22%
	TRU	D	0.22%
	LH	C	0.22%
	MKC	D	0.22%
	RS	B	0.22%
	WDC	D	0.22%
	ZM	B	0.22%
	CINF	A	0.22%
	BAH	F	0.22%
	OC	A	0.22%
	MAA	B	0.21%
	ZBRA	B	0.21%
	NRG	B	0.21%
	STX	D	0.21%
	ARE	D	0.21%
	WSO	A	0.21%
	EXPD	D	0.21%
	FDS	B	0.21%
	MDB	C	0.21%
	SNA	A	0.21%
	BALL	D	0.21%
	CLX	B	0.2%
	TRMB	B	0.2%
	ZS	C	0.2%
	IEX	B	0.2%
	SAIA	B	0.2%
	WY	D	0.2%
	PNR	A	0.2%
	CBOE	B	0.2%
	CFG	B	0.2%
	JBHT	C	0.2%
	NTRS	A	0.2%
	DGX	A	0.19%
	PFG	D	0.19%
	MOH	F	0.19%
	HOLX	D	0.19%
	BAX	D	0.18%
	TER	D	0.18%
	FSLR	F	0.18%
	PINS	D	0.18%
	CHRW	C	0.18%
	NI	A	0.18%
	AVY	D	0.18%
	KIM	A	0.18%
	UTHR	C	0.18%
	DPZ	C	0.17%
	DOC	D	0.17%
	AMCR	D	0.17%
	ALGN	D	0.17%
	GGG	B	0.17%
	LNT	A	0.17%
	SUI	D	0.17%
	ULTA	F	0.17%
	GEN	B	0.17%
	WRB	A	0.17%
	TOL	B	0.17%
	BBY	D	0.17%
	TWLO	A	0.17%
	APTV	D	0.17%
	MANH	D	0.17%
	KEY	B	0.17%
	RVTY	F	0.16%
	ENTG	D	0.16%
	PSTG	D	0.16%
	NDSN	B	0.16%
	ACM	A	0.16%
	DG	F	0.16%
	INCY	C	0.16%
	SSNC	B	0.16%
	CASY	A	0.16%
	BURL	A	0.16%
	GPC	D	0.16%
	VRSN	F	0.16%
	MAS	D	0.16%
	ROL	B	0.16%
	RGA	A	0.15%
	EQH	B	0.15%
	SWK	D	0.15%
	WSM	B	0.15%
	EG	C	0.15%
	AVTR	F	0.15%
	Z	A	0.15%
	AKAM	D	0.14%
	SWKS	F	0.14%
	NVT	B	0.14%
	BXP	D	0.14%
	CAG	D	0.14%
	EL	F	0.14%
	ELS	C	0.14%
	AAL	B	0.13%
	POOL	C	0.13%
	OKTA	C	0.13%
	JNPR	F	0.13%
	JKHY	D	0.13%
	LECO	B	0.13%
	NBIX	C	0.13%
	BG	F	0.13%
	DLTR	F	0.13%
	BMRN	D	0.13%
	PAYC	B	0.12%
	LW	C	0.12%
	BLD	D	0.12%
	FRT	B	0.11%
	SRPT	D	0.11%
	RPRX	D	0.11%
	ALV	C	0.11%
	CTLT	B	0.11%
	SNAP	C	0.11%
	PEN	B	0.1%
	CPB	D	0.1%
	HRL	D	0.1%
	ALLY	C	0.1%
	ROKU	D	0.1%
	APG	B	0.1%
	CNH	C	0.1%
	DOX	D	0.1%
	EXAS	D	0.1%
	CIEN	B	0.1%
	CG	A	0.1%
	REXR	F	0.1%
	EVR	B	0.1%
	WMS	D	0.1%
	RIVN	F	0.1%
	MKSI	C	0.09%
	TPX	B	0.09%
	BILL	A	0.09%
	CHE	D	0.09%
	CE	F	0.09%
	MEDP	D	0.09%
	SMCI	F	0.09%
	MTZ	B	0.09%
	WEX	D	0.08%
	IVZ	B	0.08%
	PARA	C	0.08%
	HAS	D	0.08%
	ESTC	C	0.08%
	CGNX	C	0.08%
	CNM	D	0.08%
	RGEN	D	0.08%
	GTLS	B	0.08%
	ONTO	D	0.08%
	HQY	B	0.08%
	ACI	C	0.08%
	WH	B	0.08%
	SPSC	C	0.07%
	CFLT	B	0.07%
	COLD	D	0.07%
	NOVT	D	0.07%
	MHK	D	0.07%
	LSCC	D	0.07%
	VFC	C	0.07%
	WSC	D	0.07%
	MSA	D	0.07%
	TREX	C	0.07%
	MTN	C	0.07%
	SMAR	A	0.07%
	STAG	F	0.07%
	ENPH	F	0.07%
	BIO	D	0.07%
	OLED	D	0.07%
	ETSY	D	0.06%
	ST	F	0.06%
	HXL	D	0.06%
	QLYS	C	0.06%
	JHG	A	0.06%
	RMBS	C	0.06%
	SITE	D	0.06%
	BRKR	D	0.06%
	ALTR	B	0.06%
	ELF	C	0.06%
	QRVO	F	0.06%
	DOCS	C	0.06%
	TRNO	F	0.06%
	RH	B	0.05%
	CELH	F	0.05%
	TENB	C	0.05%
	WMG	C	0.05%
	HCP	B	0.05%
	APPF	B	0.05%
	ZWS	B	0.05%
	IONS	F	0.05%
	BBIO	F	0.04%
	CDP	C	0.04%
	LANC	C	0.04%
	XRAY	F	0.04%
	CHWY	B	0.04%
	CHH	A	0.04%
	CWAN	B	0.04%
	DLB	B	0.04%
	ALGM	D	0.03%
	CACC	D	0.03%
	CWEN	C	0.03%
	AGR	B	0.03%
	APLS	D	0.03%
	ZI	D	0.03%
	LEVI	F	0.02%

CVMC Underweight 173 Positions Relative to FNX

	Symbol	Grade	Weight
	AX	A	-0.46%
	MTDR	B	-0.43%
	CNX	A	-0.43%
	QTWO	A	-0.43%
	NTRA	B	-0.43%
	SFBS	B	-0.42%
	NOG	A	-0.42%
	OVV	B	-0.42%
	CORT	B	-0.41%
	AGO	B	-0.41%
	HP	B	-0.4%
	KTB	B	-0.4%
	SM	B	-0.4%
	CSWI	A	-0.4%
	CRS	A	-0.4%
	MGY	A	-0.4%
	DDS	B	-0.4%
	TAP	C	-0.39%
	MATX	C	-0.39%
	PTEN	C	-0.39%
	IBKR	A	-0.38%
	HCC	B	-0.38%
	GPI	A	-0.38%
	KNF	A	-0.38%
	ACIW	B	-0.38%
	OTTR	C	-0.37%
	CIVI	D	-0.37%
	AMR	C	-0.37%
	IOT	A	-0.37%
	ADTN	A	-0.37%
	CHRD	D	-0.36%
	NOV	C	-0.36%
	URBN	C	-0.36%
	PBF	D	-0.36%
	MDU	D	-0.36%
	DINO	D	-0.35%
	MUR	D	-0.35%
	LTH	C	-0.35%
	TEX	D	-0.35%
	PIPR	B	-0.34%
	HIMS	B	-0.33%
	RDNT	B	-0.33%
	RUSHA	C	-0.33%
	TPH	D	-0.33%
	APA	D	-0.33%
	LBRT	D	-0.33%
	PEGA	A	-0.33%
	CNO	A	-0.32%
	CACI	D	-0.32%
	BYD	C	-0.32%
	RRC	B	-0.32%
	MHO	D	-0.32%
	CRVL	A	-0.31%
	GMS	B	-0.31%
	PNW	B	-0.3%
	ITGR	B	-0.3%
	EXP	A	-0.3%
	ASO	F	-0.29%
	BOOT	D	-0.29%
	TKO	B	-0.29%
	SR	A	-0.29%
	HRI	B	-0.29%
	GBDC	C	-0.29%
	AAP	C	-0.29%
	OGS	A	-0.29%
	BKH	A	-0.29%
	SOLV	C	-0.28%
	NFE	D	-0.28%
	AVAV	D	-0.28%
	KRC	C	-0.28%
	ENS	D	-0.27%
	DXC	B	-0.27%
	NCLH	B	-0.27%
	CNXC	F	-0.26%
	SMG	D	-0.25%
	UHS	D	-0.25%
	LNTH	D	-0.25%
	BWXT	B	-0.25%
	COLB	A	-0.25%
	CLF	F	-0.25%
	SLG	B	-0.24%
	ABCB	B	-0.24%
	WHD	B	-0.24%
	AMKR	D	-0.24%
	FFIN	B	-0.24%
	HWC	B	-0.24%
	SANM	B	-0.24%
	VLY	B	-0.24%
	OGE	B	-0.23%
	HASI	D	-0.23%
	AEO	F	-0.23%
	PNM	F	-0.23%
	PI	D	-0.23%
	CRC	B	-0.23%
	ZETA	D	-0.23%
	BDC	B	-0.22%
	RIG	D	-0.22%
	ADC	B	-0.22%
	BOX	B	-0.22%
	AUR	C	-0.22%
	KEX	C	-0.22%
	CUZ	B	-0.22%
	SBRA	C	-0.21%
	ALKS	B	-0.21%
	HII	D	-0.21%
	JWN	C	-0.21%
	WU	D	-0.2%
	INSM	C	-0.2%
	ASGN	F	-0.2%
	POST	C	-0.2%
	OLN	D	-0.19%
	DTM	B	-0.19%
	CRDO	B	-0.19%
	REYN	D	-0.19%
	DIOD	D	-0.18%
	UMBF	B	-0.17%
	KAI	A	-0.17%
	IBOC	A	-0.17%
	PII	D	-0.17%
	ACA	A	-0.16%
	RUN	F	-0.16%
	AIZ	A	-0.16%
	AR	B	-0.16%
	AUB	B	-0.16%
	ITCI	C	-0.16%
	UBSI	B	-0.16%
	UCB	A	-0.16%
	HGV	B	-0.16%
	PRGO	B	-0.15%
	NJR	A	-0.15%
	AXSM	B	-0.15%
	TMDX	F	-0.15%
	CNS	B	-0.15%
	DNB	B	-0.15%
	SEM	B	-0.15%
	MSGS	A	-0.15%
	WYNN	D	-0.14%
	MGM	D	-0.14%
	BLKB	B	-0.14%
	KFY	B	-0.14%
	AVNT	B	-0.14%
	RNA	D	-0.13%
	RYN	D	-0.13%
	FUL	F	-0.13%
	WD	D	-0.13%
	MTCH	D	-0.12%
	UHAL	D	-0.12%
	RARE	D	-0.11%
	CLSK	C	-0.1%
	RVMD	C	-0.09%
	MAIN	A	-0.08%
	MUSA	A	-0.08%
	RBC	A	-0.08%
	GOLF	B	-0.08%
	FLR	B	-0.08%
	MARA	C	-0.08%
	RLI	B	-0.08%
	LOPE	B	-0.08%
	EGP	F	-0.07%
	ROIV	C	-0.07%
	CTRE	D	-0.07%
	SKY	A	-0.07%
	CHDN	B	-0.07%
	ORA	B	-0.07%
	ALIT	C	-0.07%
	IRT	A	-0.07%
	RGLD	C	-0.07%
	U	C	-0.06%
	HUN	F	-0.06%
	VRRM	D	-0.06%
	NSP	D	-0.06%
	CZR	F	-0.06%
	IAC	D	-0.06%

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

FNX: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Oil & Gas E&P Asset Management Diversified Industrials Software - Application Software - Infrastructure Building Materials Business Services Information Technology Services Packaging & Containers Auto & Truck Dealerships Insurance - Property & Casualty Specialty Chemicals Specialty Retail Apparel Stores Leisure Packaged Foods REIT - Diversified Residential Construction

Keywords: S&P 500 Banking Bank Natural Gas Insurance Mining Real Estate Investment Trust Chemical Computing Construction Medicine Electronics Aerospace Building Materials Electricity Deposit Products IBD 50 Insurance Products Supply Chain Management Transport