QUAL vs. CVSE ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to Calvert US Select Equity ETF (CVSE)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* 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	QUAL	CVSE
30 Days	1.61%	2.61%
60 Days	2.39%	4.06%
90 Days	3.34%	5.46%
12 Months	30.86%	30.71%

49 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in CVSE	Overlap
A	D	0.2%	0.31%	0.2%
AAPL	C	5.44%	6.81%	5.44%
ACN	C	1.67%	1.81%	1.67%
ADBE	C	1.76%	0.67%	0.67%
ADP	B	1.75%	0.84%	0.84%
AMAT	F	1.17%	0.69%	0.69%
BBY	D	0.29%	0.24%	0.24%
CAT	B	1.4%	0.94%	0.94%
CBRE	B	0.35%	0.69%	0.35%
CDNS	B	0.58%	0.43%	0.43%
CSCO	B	1.74%	0.75%	0.75%
CSGP	D	0.26%	0.08%	0.08%
CTAS	B	0.6%	0.18%	0.18%
DECK	A	0.49%	0.2%	0.2%
EA	A	0.2%	0.1%	0.1%
ED	D	0.5%	0.49%	0.49%
EQR	B	0.18%	0.18%	0.18%
EW	C	0.24%	0.29%	0.24%
EXPD	D	0.12%	0.22%	0.12%
IDXX	F	0.3%	0.3%	0.3%
IPG	D	0.05%	0.26%	0.05%
ITW	B	0.73%	0.58%	0.58%
KLAC	D	0.77%	0.19%	0.19%
LIN	D	1.14%	0.64%	0.64%
LLY	F	3.42%	2.63%	2.63%
LRCX	F	0.73%	0.15%	0.15%
LULU	C	0.66%	0.36%	0.36%
MA	C	4.22%	1.54%	1.54%
MSFT	F	4.5%	7.68%	4.5%
NFLX	A	1.76%	1.55%	1.55%
NKE	D	1.41%	0.25%	0.25%
NVDA	C	6.93%	7.98%	6.93%
OMC	C	0.1%	0.65%	0.1%
PLD	D	0.71%	0.63%	0.63%
QCOM	F	1.15%	0.3%	0.3%
RMD	C	0.17%	0.38%	0.17%
ROK	B	0.22%	0.31%	0.22%
SHW	A	0.57%	0.61%	0.57%
SNPS	B	0.51%	0.22%	0.22%
TJX	A	2.03%	0.37%	0.37%
TROW	B	0.19%	0.19%	0.19%
TSCO	D	0.43%	0.28%	0.28%
TXN	C	1.34%	0.48%	0.48%
ULTA	F	0.31%	0.29%	0.29%
V	A	4.5%	1.44%	1.44%
VLTO	D	0.21%	0.05%	0.05%
VRTX	F	0.62%	0.2%	0.2%
WAT	B	0.13%	0.18%	0.13%
WSM	B	0.29%	0.2%	0.2%

QUAL Overweight 74 Positions Relative to CVSE

Symbol	Grade	Weight
META	D	4.09%
UNH	C	2.81%
COST	B	2.55%
JNJ	D	2.15%
GOOGL	C	1.77%
COP	C	1.73%
GOOG	C	1.55%
KO	D	1.43%
CMG	B	1.26%
PEP	F	1.1%
LMT	D	1.08%
BLK	C	0.99%
SRE	A	0.93%
SLB	C	0.89%
MMC	B	0.74%
ANET	C	0.73%
DHI	D	0.7%
PEG	A	0.69%
GWW	B	0.59%
TPL	A	0.58%
PSA	D	0.55%
MCO	B	0.53%
CME	A	0.52%
NVR	D	0.52%
ZTS	D	0.51%
APH	A	0.5%
MMM	D	0.5%
PAYX	C	0.49%
GRMN	B	0.48%
PHM	D	0.43%
AFL	B	0.42%
FAST	B	0.42%
ATO	A	0.4%
APD	A	0.35%
ODFL	B	0.34%
AMP	A	0.33%
FERG	B	0.28%
ACGL	D	0.26%
AVB	B	0.24%
POOL	C	0.22%
EQT	B	0.22%
MNST	C	0.21%
NTAP	C	0.21%
MANH	D	0.2%
APA	D	0.19%
MPWR	F	0.18%
EME	C	0.17%
LPLA	A	0.17%
VEEV	C	0.16%
PPG	F	0.15%
HSY	F	0.15%
KEYS	A	0.15%
CBOE	B	0.14%
ROL	B	0.12%
WSO	A	0.12%
WST	C	0.12%
FDS	B	0.12%
GGG	B	0.11%
PKG	A	0.1%
ERIE	D	0.09%
RS	B	0.09%
MOH	F	0.09%
JKHY	D	0.09%
AVY	D	0.08%
PAYC	B	0.08%
UTHR	C	0.08%
SEIC	B	0.07%
MKTX	D	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
AFG	A	0.06%
SOLV	C	0.05%
WBA	F	0.03%

QUAL Underweight 129 Positions Relative to CVSE

Symbol	Grade	Weight
SPGI	C	-2.01%
MRK	F	-1.73%
PH	A	-1.66%
ETN	A	-1.42%
HD	A	-1.33%
DIS	B	-1.24%
VRSK	A	-1.21%
MET	A	-1.14%
CMI	A	-1.11%
NOW	A	-1.11%
CRM	B	-1.09%
PGR	A	-1.06%
GM	B	-1.04%
ICE	C	-1.0%
GIS	D	-0.91%
VZ	C	-0.9%
AXP	A	-0.88%
TT	A	-0.84%
BSX	B	-0.82%
PRU	A	-0.76%
LOW	D	-0.75%
AMGN	D	-0.73%
TRV	B	-0.72%
INTU	C	-0.7%
TFC	A	-0.7%
ECL	D	-0.69%
URI	B	-0.68%
AWK	D	-0.67%
ES	D	-0.64%
AMT	D	-0.63%
SCHW	B	-0.62%
NUE	C	-0.61%
TGT	F	-0.56%
CFG	B	-0.55%
DFS	B	-0.55%
HPE	B	-0.55%
AMD	F	-0.52%
DE	A	-0.52%
COF	B	-0.47%
EMR	A	-0.47%
HUM	C	-0.45%
JLL	D	-0.43%
BMY	B	-0.41%
BALL	D	-0.4%
SJM	D	-0.4%
STT	A	-0.4%
NDAQ	A	-0.4%
ADSK	A	-0.36%
STE	F	-0.36%
EBAY	D	-0.36%
MU	D	-0.35%
FITB	A	-0.35%
DHR	F	-0.35%
MKC	D	-0.34%
GILD	C	-0.34%
PYPL	B	-0.32%
DRI	B	-0.31%
HUBS	A	-0.31%
CLX	B	-0.3%
MORN	B	-0.3%
HBAN	A	-0.28%
HOLX	D	-0.28%
WDAY	B	-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%
PRI	A	-0.24%
MTN	C	-0.23%
DAR	C	-0.23%
EL	F	-0.22%
MSA	D	-0.22%
BFAM	D	-0.21%
MSI	B	-0.21%
HIG	B	-0.21%
TPR	B	-0.2%
DELL	C	-0.19%
RF	A	-0.19%
FMC	D	-0.18%
SCI	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%
MSCI	C	-0.1%
REGN	F	-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%
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%