CVSE vs. TCAF ETF Comparison

Comparison of Calvert US Select Equity ETF (CVSE) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF)

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.50

Average Daily Volume

945

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

TCAF

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF

TCAF Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The fund may at times invest significantly in certain sectors, including the information technology and healthcare sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.89

Average Daily Volume

565,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVSE	TCAF
30 Days	2.61%	1.74%
60 Days	4.06%	2.92%
90 Days	5.46%	3.99%
12 Months	30.71%	28.41%

26 Overlapping Holdings

Symbol	Grade	Weight in CVSE	Weight in TCAF	Overlap
AAPL	C	6.81%	5.34%	5.34%
ACN	C	1.81%	0.25%	0.25%
ADSK	A	0.36%	0.95%	0.36%
AMD	F	0.52%	1.02%	0.52%
AMT	D	0.63%	0.7%	0.63%
CDNS	B	0.43%	0.12%	0.12%
CRM	B	1.09%	1.63%	1.09%
DHR	F	0.35%	2.63%	0.35%
DIS	B	1.24%	0.14%	0.14%
HUM	C	0.45%	0.55%	0.45%
ICE	C	1.0%	1.06%	1.0%
INTU	C	0.7%	1.55%	0.7%
KLAC	D	0.19%	0.12%	0.12%
LIN	D	0.64%	1.24%	0.64%
LLY	F	2.63%	1.5%	1.5%
LRCX	F	0.15%	0.32%	0.15%
MA	C	1.54%	1.53%	1.53%
MSCI	C	0.1%	0.14%	0.1%
MSFT	F	7.68%	8.23%	7.68%
NKE	D	0.25%	0.36%	0.25%
NVDA	C	7.98%	6.12%	6.12%
SCI	B	0.18%	0.68%	0.18%
SPGI	C	2.01%	0.2%	0.2%
TT	A	0.84%	0.05%	0.05%
V	A	1.44%	1.44%	1.44%
VLTO	D	0.05%	1.49%	0.05%

CVSE Overweight 152 Positions Relative to TCAF

Symbol	Grade	Weight
MRK	F	1.73%
PH	A	1.66%
NFLX	A	1.55%
ETN	A	1.42%
HD	A	1.33%
VRSK	A	1.21%
MET	A	1.14%
CMI	A	1.11%
NOW	A	1.11%
PGR	A	1.06%
GM	B	1.04%
CAT	B	0.94%
GIS	D	0.91%
VZ	C	0.9%
AXP	A	0.88%
ADP	B	0.84%
BSX	B	0.82%
PRU	A	0.76%
CSCO	B	0.75%
LOW	D	0.75%
AMGN	D	0.73%
TRV	B	0.72%
TFC	A	0.7%
ECL	D	0.69%
AMAT	F	0.69%
CBRE	B	0.69%
URI	B	0.68%
AWK	D	0.67%
ADBE	C	0.67%
OMC	C	0.65%
ES	D	0.64%
PLD	D	0.63%
SCHW	B	0.62%
SHW	A	0.61%
NUE	C	0.61%
ITW	B	0.58%
TGT	F	0.56%
CFG	B	0.55%
DFS	B	0.55%
HPE	B	0.55%
DE	A	0.52%
ED	D	0.49%
TXN	C	0.48%
COF	B	0.47%
EMR	A	0.47%
JLL	D	0.43%
BMY	B	0.41%
BALL	D	0.4%
SJM	D	0.4%
STT	A	0.4%
NDAQ	A	0.4%
RMD	C	0.38%
TJX	A	0.37%
LULU	C	0.36%
STE	F	0.36%
EBAY	D	0.36%
MU	D	0.35%
FITB	A	0.35%
MKC	D	0.34%
GILD	C	0.34%
PYPL	B	0.32%
DRI	B	0.31%
ROK	B	0.31%
A	D	0.31%
HUBS	A	0.31%
QCOM	F	0.3%
CLX	B	0.3%
IDXX	F	0.3%
MORN	B	0.3%
ULTA	F	0.29%
EW	C	0.29%
HBAN	A	0.28%
HOLX	D	0.28%
WDAY	B	0.28%
TSCO	D	0.28%
MOS	F	0.28%
PFE	D	0.27%
HPQ	B	0.27%
PNR	A	0.26%
IPG	D	0.26%
INTC	D	0.26%
HAS	D	0.26%
ALNY	D	0.25%
BBY	D	0.24%
PRI	A	0.24%
MTN	C	0.23%
DAR	C	0.23%
EL	F	0.22%
MSA	D	0.22%
SNPS	B	0.22%
EXPD	D	0.22%
BFAM	D	0.21%
MSI	B	0.21%
HIG	B	0.21%
VRTX	F	0.2%
TPR	B	0.2%
WSM	B	0.2%
DECK	A	0.2%
DELL	C	0.19%
TROW	B	0.19%
RF	A	0.19%
FMC	D	0.18%
EQR	B	0.18%
WAT	B	0.18%
CTAS	B	0.18%
KNX	B	0.18%
DVA	B	0.17%
FIS	C	0.16%
FCN	D	0.16%
EXR	D	0.15%
MTG	C	0.15%
PANW	C	0.15%
AKAM	D	0.14%
XYL	D	0.14%
VTR	C	0.14%
CNM	D	0.14%
TWLO	A	0.12%
NEE	D	0.11%
GAP	C	0.11%
G	B	0.11%
EXAS	D	0.1%
SNOW	C	0.1%
BXP	D	0.1%
REGN	F	0.1%
EA	A	0.1%
CHD	B	0.1%
RL	B	0.09%
PLNT	A	0.09%
GPC	D	0.09%
IQV	D	0.09%
TTEK	F	0.09%
SWK	D	0.09%
VRSN	F	0.08%
MAN	D	0.08%
PODD	C	0.08%
CSGP	D	0.08%
PCTY	B	0.08%
BRX	A	0.06%
DKS	C	0.06%
KEY	B	0.06%
RKT	F	0.06%
FICO	B	0.05%
HST	C	0.05%
LITE	B	0.05%
ON	D	0.05%
CIEN	B	0.05%
FSLR	F	0.04%
RHI	B	0.04%
ETSY	D	0.03%
CPRT	A	0.03%
HXL	D	0.03%
MRNA	F	0.02%

CVSE Underweight 67 Positions Relative to TCAF

Symbol	Grade	Weight
AMZN	C	-4.51%
GOOGL	C	-3.12%
UNH	C	-2.95%
FTV	C	-2.71%
BDX	F	-2.48%
RVTY	F	-2.44%
META	D	-2.3%
AEE	A	-1.91%
ROP	B	-1.74%
PTC	A	-1.67%
WCN	A	-1.64%
CNP	B	-1.49%
RTX	C	-1.47%
AVGO	D	-1.39%
DTE	C	-1.31%
ABT	B	-1.24%
MLM	B	-1.2%
IR	B	-1.19%
NOC	D	-1.18%
NI	A	-1.09%
MCK	B	-1.05%
YUM	B	-1.04%
MMC	B	-0.98%
TMO	F	-0.93%
HLT	A	-0.92%
CMS	C	-0.82%
MCD	D	-0.78%
TDY	B	-0.71%
AVTR	F	-0.67%
ELV	F	-0.67%
ABBV	D	-0.67%
AJG	B	-0.62%
SBAC	D	-0.55%
GEHC	F	-0.54%
NXPI	D	-0.53%
BIIB	F	-0.53%
KKR	A	-0.49%
KDP	D	-0.46%
RSG	A	-0.44%
AUR	C	-0.41%
SBUX	A	-0.38%
EXC	C	-0.34%
BKNG	A	-0.34%
IEX	B	-0.33%
ANSS	B	-0.32%
CSX	B	-0.28%
MAR	B	-0.28%
ARGX	A	-0.26%
DLTR	F	-0.25%
CME	A	-0.24%
WTW	B	-0.21%
AME	A	-0.2%
MS	A	-0.2%
CMG	B	-0.16%
SYK	C	-0.15%
SLB	C	-0.15%
LNT	A	-0.12%
WEC	A	-0.12%
XEL	A	-0.11%
VMC	B	-0.11%
TW	A	-0.1%
INFA	D	-0.1%
GS	A	-0.1%
PNC	B	-0.1%
BA	F	-0.09%
TYL	B	-0.06%
APH	A	-0.04%