DVAL vs. CVSE ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to Calvert US Select Equity ETF (CVSE)

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

7,020

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

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

Performance

Period	DVAL	CVSE
30 Days	4.63%	2.61%
60 Days	5.94%	4.06%
90 Days	7.93%	5.46%
12 Months	28.10%	30.71%

27 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in CVSE	Overlap
AMGN	D	0.63%	0.73%	0.63%
AXP	A	1.5%	0.88%	0.88%
BMY	B	0.68%	0.41%	0.41%
CAT	B	3.17%	0.94%	0.94%
CNM	D	0.17%	0.14%	0.14%
CSCO	B	3.43%	0.75%	0.75%
DE	A	3.88%	0.52%	0.52%
DIS	B	0.52%	1.24%	0.52%
DKS	C	0.27%	0.06%	0.06%
DRI	B	0.67%	0.31%	0.31%
DVA	B	0.31%	0.17%	0.17%
EBAY	D	0.78%	0.36%	0.36%
EXPD	D	1.04%	0.22%	0.22%
FMC	D	0.13%	0.18%	0.13%
GIS	D	0.95%	0.91%	0.91%
GM	B	3.32%	1.04%	1.04%
IPG	D	0.65%	0.26%	0.26%
MRK	F	0.35%	1.73%	0.35%
MTG	C	0.45%	0.15%	0.15%
NUE	C	1.15%	0.61%	0.61%
OMC	C	0.05%	0.65%	0.05%
PYPL	B	2.36%	0.32%	0.32%
RHI	B	0.26%	0.04%	0.04%
RL	B	0.33%	0.09%	0.09%
SCI	B	0.93%	0.18%	0.18%
TPR	B	0.09%	0.2%	0.09%
VZ	C	0.43%	0.9%	0.43%

DVAL Overweight 83 Positions Relative to CVSE

Symbol	Grade	Weight
LMT	D	4.4%
CMCSA	B	4.34%
IBM	C	4.21%
TMUS	B	3.65%
HON	B	3.53%
COP	C	3.1%
MPC	D	2.74%
CVX	A	2.2%
BLDR	D	1.86%
JNJ	D	1.56%
LYB	F	1.44%
STLD	B	1.41%
WMT	A	1.37%
MMM	D	1.33%
WMB	A	1.32%
VLO	C	1.26%
PCAR	B	1.2%
CSL	C	1.06%
PHM	D	1.05%
KHC	F	0.98%
RS	B	0.97%
PG	A	0.96%
OC	A	0.9%
JBL	B	0.89%
CF	B	0.83%
NRG	B	0.77%
MGM	D	0.76%
CRBG	B	0.74%
PSX	C	0.71%
WFC	A	0.71%
BG	F	0.7%
MLM	B	0.66%
EXPE	B	0.66%
ORI	A	0.65%
MRO	B	0.64%
NVR	D	0.64%
AN	C	0.62%
CPAY	A	0.6%
EQH	B	0.6%
AFG	A	0.58%
EOG	A	0.53%
BERY	B	0.52%
FOXA	B	0.51%
TXT	D	0.5%
WH	B	0.49%
EVR	B	0.48%
ARMK	B	0.47%
OMF	A	0.45%
SYY	B	0.45%
NXST	C	0.42%
TRMB	B	0.41%
AMG	B	0.4%
FLEX	A	0.4%
TRGP	B	0.37%
BC	C	0.35%
KBH	D	0.33%
SAIC	F	0.31%
TOL	B	0.31%
MUSA	A	0.29%
R	B	0.28%
BCC	B	0.26%
AM	A	0.25%
EMN	D	0.23%
AOS	F	0.23%
COKE	C	0.22%
EXP	A	0.22%
BLD	D	0.2%
PVH	C	0.19%
H	B	0.18%
SNX	C	0.18%
INGR	B	0.17%
CBT	C	0.17%
FANG	D	0.15%
MDU	D	0.14%
NEU	C	0.14%
WEX	D	0.13%
BYD	C	0.13%
CHX	C	0.1%
GPK	C	0.1%
RDN	C	0.08%
WSC	D	0.04%
VOYA	B	0.04%
WCC	B	0.0%

DVAL Underweight 151 Positions Relative to CVSE

Symbol	Grade	Weight
NVDA	C	-7.98%
MSFT	F	-7.68%
AAPL	C	-6.81%
LLY	F	-2.63%
SPGI	C	-2.01%
ACN	C	-1.81%
PH	A	-1.66%
NFLX	A	-1.55%
MA	C	-1.54%
V	A	-1.44%
ETN	A	-1.42%
HD	A	-1.33%
VRSK	A	-1.21%
MET	A	-1.14%
CMI	A	-1.11%
NOW	A	-1.11%
CRM	B	-1.09%
PGR	A	-1.06%
ICE	C	-1.0%
ADP	B	-0.84%
TT	A	-0.84%
BSX	B	-0.82%
PRU	A	-0.76%
LOW	D	-0.75%
TRV	B	-0.72%
INTU	C	-0.7%
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%
LIN	D	-0.64%
ES	D	-0.64%
PLD	D	-0.63%
AMT	D	-0.63%
SCHW	B	-0.62%
SHW	A	-0.61%
ITW	B	-0.58%
TGT	F	-0.56%
CFG	B	-0.55%
DFS	B	-0.55%
HPE	B	-0.55%
AMD	F	-0.52%
ED	D	-0.49%
TXN	C	-0.48%
COF	B	-0.47%
EMR	A	-0.47%
HUM	C	-0.45%
JLL	D	-0.43%
CDNS	B	-0.43%
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%
ADSK	A	-0.36%
STE	F	-0.36%
MU	D	-0.35%
FITB	A	-0.35%
DHR	F	-0.35%
MKC	D	-0.34%
GILD	C	-0.34%
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%
INTC	D	-0.26%
HAS	D	-0.26%
ALNY	D	-0.25%
NKE	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%
BFAM	D	-0.21%
MSI	B	-0.21%
HIG	B	-0.21%
VRTX	F	-0.2%
WSM	B	-0.2%
DECK	A	-0.2%
DELL	C	-0.19%
KLAC	D	-0.19%
TROW	B	-0.19%
RF	A	-0.19%
EQR	B	-0.18%
WAT	B	-0.18%
CTAS	B	-0.18%
KNX	B	-0.18%
FIS	C	-0.16%
FCN	D	-0.16%
EXR	D	-0.15%
LRCX	F	-0.15%
PANW	C	-0.15%
AKAM	D	-0.14%
XYL	D	-0.14%
VTR	C	-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%
MSCI	C	-0.1%
REGN	F	-0.1%
EA	A	-0.1%
CHD	B	-0.1%
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%
KEY	B	-0.06%
RKT	F	-0.06%
FICO	B	-0.05%
HST	C	-0.05%
LITE	B	-0.05%
VLTO	D	-0.05%
ON	D	-0.05%
CIEN	B	-0.05%
FSLR	F	-0.04%
ETSY	D	-0.03%
CPRT	A	-0.03%
HXL	D	-0.03%
MRNA	F	-0.02%