VLU vs. CVMC ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Calvert US Mid-Cap Core Responsible Index ETF (CVMC)

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index (the "index"). The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$190.31

Average Daily Volume

6,466

Number of Holdings ^*

1418

* may have additional holdings in another (foreign) market

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

$61.37

Average Daily Volume

2,229

Number of Holdings ^*

606

* may have additional holdings in another (foreign) market

Performance

Period	VLU	CVMC
30 Days	1.51%	0.38%
60 Days	3.97%	2.70%
90 Days	7.48%	7.05%
12 Months	29.73%	27.72%

503 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in CVMC	Overlap
A	F	0.03%	0.4%	0.03%
AAL	B	0.08%	0.12%	0.08%
AAON	B	0.0%	0.09%	0.0%
ABG	B	0.04%	0.05%	0.04%
ACGL	D	0.11%	0.36%	0.11%
ACM	B	0.03%	0.17%	0.03%
ADSK	B	0.03%	0.62%	0.03%
AEE	A	0.08%	0.26%	0.08%
AES	F	0.04%	0.11%	0.04%
AFG	A	0.08%	0.09%	0.08%
AGCO	D	0.03%	0.07%	0.03%
AIT	A	0.02%	0.12%	0.02%
AKAM	F	0.03%	0.16%	0.03%
AL	A	0.04%	0.06%	0.04%
ALGM	F	0.01%	0.03%	0.01%
ALGN	C	0.02%	0.17%	0.02%
ALK	A	0.05%	0.09%	0.05%
ALL	A	0.15%	0.48%	0.15%
ALLE	D	0.02%	0.14%	0.02%
ALLY	C	0.09%	0.1%	0.09%
ALV	C	0.02%	0.1%	0.02%
AMCR	D	0.05%	0.17%	0.05%
AME	A	0.04%	0.45%	0.04%
AMG	A	0.02%	0.05%	0.02%
AMP	A	0.12%	0.54%	0.12%
AN	D	0.04%	0.04%	0.04%
ANF	C	0.01%	0.06%	0.01%
ANSS	B	0.03%	0.3%	0.03%
AOS	F	0.01%	0.1%	0.01%
APTV	F	0.05%	0.17%	0.05%
ARE	F	0.05%	0.22%	0.05%
ARMK	C	0.05%	0.11%	0.05%
ARW	D	0.06%	0.06%	0.06%
ASH	F	0.01%	0.05%	0.01%
ATI	D	0.02%	0.12%	0.02%
ATR	B	0.01%	0.13%	0.01%
AVB	B	0.07%	0.34%	0.07%
AVT	C	0.04%	0.05%	0.04%
AVY	D	0.02%	0.18%	0.02%
AWI	B	0.01%	0.06%	0.01%
AWK	C	0.05%	0.28%	0.05%
AXON	A	0.01%	0.37%	0.01%
AXTA	A	0.02%	0.1%	0.02%
AYI	B	0.01%	0.11%	0.01%
BALL	D	0.04%	0.21%	0.04%
BAX	F	0.06%	0.2%	0.06%
BBWI	C	0.02%	0.07%	0.02%
BBY	D	0.15%	0.17%	0.15%
BC	D	0.02%	0.06%	0.02%
BCC	A	0.02%	0.05%	0.02%
BCO	F	0.01%	0.05%	0.01%
BCPC	B	0.01%	0.07%	0.01%
BEN	C	0.05%	0.06%	0.05%
BERY	C	0.04%	0.09%	0.04%
BG	D	0.11%	0.13%	0.11%
BIIB	F	0.08%	0.27%	0.08%
BIO	D	0.03%	0.08%	0.03%
BJ	B	0.03%	0.11%	0.03%
BK	A	0.28%	0.56%	0.28%
BKR	A	0.12%	0.44%	0.12%
BLD	F	0.02%	0.12%	0.02%
BMI	C	0.0%	0.07%	0.0%
BR	A	0.02%	0.26%	0.02%
BRBR	A	0.01%	0.08%	0.01%
BRKR	F	0.01%	0.07%	0.01%
BRO	B	0.04%	0.29%	0.04%
BRX	A	0.03%	0.09%	0.03%
BURL	A	0.03%	0.15%	0.03%
BWA	B	0.07%	0.11%	0.07%
BXP	D	0.06%	0.14%	0.06%
CADE	B	0.03%	0.07%	0.03%
CAG	F	0.07%	0.15%	0.07%
CASY	B	0.03%	0.16%	0.03%
CBOE	C	0.03%	0.2%	0.03%
CBRE	B	0.08%	0.41%	0.08%
CBSH	A	0.02%	0.08%	0.02%
CBT	C	0.02%	0.07%	0.02%
CCI	C	0.1%	0.44%	0.1%
CCK	D	0.03%	0.13%	0.03%
CDP	C	0.01%	0.04%	0.01%
CDW	F	0.03%	0.28%	0.03%
CE	F	0.03%	0.11%	0.03%
CELH	F	0.0%	0.05%	0.0%
CFG	A	0.18%	0.21%	0.18%
CFR	B	0.03%	0.08%	0.03%
CG	B	0.02%	0.11%	0.02%
CGNX	D	0.01%	0.08%	0.01%
CHD	A	0.03%	0.24%	0.03%
CHE	D	0.01%	0.09%	0.01%
CHH	A	0.01%	0.04%	0.01%
CHRW	A	0.06%	0.17%	0.06%
CHTR	B	0.33%	0.4%	0.33%
CIEN	B	0.02%	0.1%	0.02%
CINF	A	0.07%	0.22%	0.07%
CLH	C	0.03%	0.15%	0.03%
CLX	A	0.03%	0.19%	0.03%
CMA	B	0.08%	0.09%	0.08%
CMC	B	0.03%	0.14%	0.03%
CMI	A	0.13%	0.48%	0.13%
CMS	C	0.05%	0.23%	0.05%
CNC	F	0.28%	0.33%	0.28%
CNM	C	0.01%	0.09%	0.01%
COHR	C	0.04%	0.15%	0.04%
COKE	D	0.03%	0.07%	0.03%
COLM	B	0.01%	0.03%	0.01%
COOP	B	0.05%	0.06%	0.05%
COTY	F	0.01%	0.03%	0.01%
CPB	D	0.04%	0.1%	0.04%
CPT	D	0.04%	0.14%	0.04%
CRL	D	0.01%	0.12%	0.01%
CROX	F	0.01%	0.06%	0.01%
CRUS	F	0.01%	0.06%	0.01%
CSGP	F	0.02%	0.32%	0.02%
CSL	C	0.03%	0.25%	0.03%
CTLT	D	0.01%	0.12%	0.01%
CTSH	B	0.11%	0.4%	0.11%
CUBE	C	0.02%	0.12%	0.02%
CVLT	B	0.01%	0.08%	0.01%
CW	B	0.02%	0.16%	0.02%
CWEN	C	0.01%	0.03%	0.01%
CWEN	C	0.02%	0.03%	0.02%
D	C	0.23%	0.47%	0.23%
DAL	A	0.33%	0.44%	0.33%
DAR	B	0.02%	0.07%	0.02%
DAY	B	0.01%	0.13%	0.01%
DBX	C	0.01%	0.07%	0.01%
DCI	B	0.01%	0.11%	0.01%
DECK	A	0.02%	0.24%	0.02%
DFS	B	0.16%	0.44%	0.16%
DG	F	0.05%	0.16%	0.05%
DGX	A	0.05%	0.19%	0.05%
DKS	D	0.03%	0.1%	0.03%
DLB	D	0.01%	0.05%	0.01%
DLTR	F	0.04%	0.13%	0.04%
DOC	D	0.05%	0.17%	0.05%
DOCS	B	0.01%	0.05%	0.01%
DOV	B	0.04%	0.31%	0.04%
DPZ	C	0.01%	0.17%	0.01%
DRI	B	0.04%	0.22%	0.04%
DT	C	0.01%	0.15%	0.01%
DTE	C	0.09%	0.28%	0.09%
DVA	C	0.06%	0.08%	0.06%
DY	C	0.01%	0.06%	0.01%
EA	A	0.05%	0.39%	0.05%
EBAY	D	0.08%	0.28%	0.08%
ED	D	0.12%	0.35%	0.12%
EEFT	C	0.01%	0.04%	0.01%
EFX	F	0.02%	0.33%	0.02%
EG	D	0.08%	0.15%	0.08%
EHC	B	0.02%	0.11%	0.02%
EL	F	0.03%	0.14%	0.03%
ELF	C	0.0%	0.05%	0.0%
ELS	B	0.02%	0.14%	0.02%
EME	B	0.03%	0.26%	0.03%
EMN	C	0.04%	0.14%	0.04%
ENPH	F	0.01%	0.09%	0.01%
ENSG	D	0.01%	0.09%	0.01%
EPAM	B	0.01%	0.11%	0.01%
EPRT	C	0.01%	0.06%	0.01%
EQH	B	0.07%	0.15%	0.07%
EQR	C	0.08%	0.29%	0.08%
ES	C	0.08%	0.24%	0.08%
ESAB	B	0.01%	0.09%	0.01%
ESNT	D	0.02%	0.06%	0.02%
ESS	A	0.04%	0.21%	0.04%
ETSY	D	0.01%	0.06%	0.01%
EVR	B	0.02%	0.11%	0.02%
EVRG	A	0.07%	0.15%	0.07%
EWBC	A	0.05%	0.14%	0.05%
EXC	C	0.19%	0.39%	0.19%
EXEL	B	0.02%	0.11%	0.02%
EXLS	B	0.01%	0.07%	0.01%
EXPD	D	0.04%	0.21%	0.04%
EXPO	D	0.0%	0.06%	0.0%
EXR	C	0.04%	0.35%	0.04%
FAF	C	0.03%	0.07%	0.03%
FAST	B	0.04%	0.45%	0.04%
FBIN	F	0.02%	0.1%	0.02%
FCN	F	0.01%	0.08%	0.01%
FDS	A	0.01%	0.21%	0.01%
FELE	B	0.01%	0.05%	0.01%
FFIV	B	0.02%	0.14%	0.02%
FHN	A	0.05%	0.1%	0.05%
FICO	A	0.02%	0.51%	0.02%
FIS	A	0.1%	0.47%	0.1%
FITB	A	0.12%	0.3%	0.12%
FIVE	F	0.0%	0.04%	0.0%
FIX	A	0.01%	0.17%	0.01%
FLO	D	0.02%	0.05%	0.02%
FLS	A	0.02%	0.09%	0.02%
FMC	F	0.03%	0.09%	0.03%
FNB	A	0.03%	0.06%	0.03%
FND	F	0.01%	0.1%	0.01%
FR	D	0.01%	0.08%	0.01%
FRT	C	0.01%	0.1%	0.01%
FSLR	D	0.03%	0.17%	0.03%
FSS	B	0.01%	0.06%	0.01%
FTNT	B	0.04%	0.5%	0.04%
FTV	D	0.03%	0.29%	0.03%
G	A	0.02%	0.07%	0.02%
GAP	C	0.04%	0.05%	0.04%
GATX	A	0.02%	0.06%	0.02%
GEHC	D	0.03%	0.38%	0.03%
GEN	B	0.05%	0.17%	0.05%
GGG	A	0.01%	0.17%	0.01%
GIS	D	0.1%	0.37%	0.1%
GKOS	B	0.0%	0.08%	0.0%
GL	B	0.04%	0.09%	0.04%
GLW	B	0.1%	0.38%	0.1%
GME	C	0.03%	0.06%	0.03%
GMED	A	0.02%	0.1%	0.02%
GPC	D	0.05%	0.16%	0.05%
GPK	D	0.03%	0.1%	0.03%
GTLS	A	0.01%	0.08%	0.01%
GWW	B	0.06%	0.5%	0.06%
GXO	B	0.02%	0.08%	0.02%
H	B	0.02%	0.08%	0.02%
HALO	D	0.01%	0.08%	0.01%
HAS	D	0.03%	0.08%	0.03%
HBAN	A	0.12%	0.24%	0.12%
HIG	A	0.13%	0.33%	0.13%
HLI	B	0.01%	0.1%	0.01%
HOG	D	0.02%	0.06%	0.02%
HOLX	D	0.02%	0.2%	0.02%
HOMB	A	0.02%	0.05%	0.02%
HPE	B	0.24%	0.28%	0.24%
HPQ	A	0.31%	0.36%	0.31%
HQY	A	0.01%	0.09%	0.01%
HRB	D	0.03%	0.1%	0.03%
HRL	F	0.07%	0.1%	0.07%
HSIC	C	0.03%	0.09%	0.03%
HST	D	0.04%	0.14%	0.04%
HSY	F	0.05%	0.28%	0.05%
HUBB	B	0.03%	0.29%	0.03%
HUM	D	0.17%	0.35%	0.17%
HXL	F	0.01%	0.06%	0.01%
IBP	F	0.01%	0.06%	0.01%
IDA	A	0.02%	0.07%	0.02%
IDXX	F	0.02%	0.35%	0.02%
IEX	B	0.01%	0.2%	0.01%
IFF	F	0.05%	0.23%	0.05%
ILMN	C	0.03%	0.26%	0.03%
INCY	B	0.03%	0.17%	0.03%
INGR	B	0.04%	0.11%	0.04%
IPG	F	0.04%	0.13%	0.04%
IQV	F	0.05%	0.4%	0.05%
IR	B	0.02%	0.43%	0.02%
IRM	D	0.04%	0.34%	0.04%
IT	B	0.03%	0.41%	0.03%
ITRI	B	0.01%	0.06%	0.01%
ITT	A	0.01%	0.14%	0.01%
IVZ	B	0.07%	0.08%	0.07%
JAZZ	B	0.02%	0.07%	0.02%
JBHT	C	0.03%	0.21%	0.03%
JBL	C	0.05%	0.15%	0.05%
JEF	A	0.06%	0.11%	0.06%
JHG	A	0.05%	0.06%	0.05%
JKHY	D	0.01%	0.13%	0.01%
JLL	C	0.05%	0.14%	0.05%
JNPR	D	0.03%	0.13%	0.03%
JXN	B	0.07%	0.08%	0.07%
K	B	0.08%	0.23%	0.08%
KBH	D	0.02%	0.06%	0.02%
KD	A	0.03%	0.06%	0.03%
KEY	A	0.15%	0.18%	0.15%
KEYS	C	0.04%	0.31%	0.04%
KHC	F	0.25%	0.31%	0.25%
KIM	A	0.04%	0.18%	0.04%
KMB	C	0.1%	0.42%	0.1%
KMX	B	0.04%	0.11%	0.04%
KNSL	B	0.0%	0.1%	0.0%
KNX	B	0.03%	0.13%	0.03%
KR	B	0.34%	0.44%	0.34%
KRG	B	0.02%	0.07%	0.02%
KVUE	A	0.22%	0.41%	0.22%
LAD	A	0.09%	0.09%	0.09%
LAMR	D	0.03%	0.13%	0.03%
LANC	D	0.01%	0.04%	0.01%
LEA	F	0.05%	0.08%	0.05%
LECO	C	0.01%	0.13%	0.01%
LEN	D	0.13%	0.41%	0.13%
LFUS	D	0.01%	0.07%	0.01%
LH	B	0.06%	0.21%	0.06%
LII	A	0.02%	0.22%	0.02%
LKQ	F	0.03%	0.09%	0.03%
LNC	B	0.05%	0.06%	0.05%
LNT	A	0.04%	0.16%	0.04%
LPX	A	0.02%	0.07%	0.02%
LSCC	D	0.0%	0.08%	0.0%
LSTR	D	0.01%	0.09%	0.01%
LULU	C	0.03%	0.32%	0.03%
LW	C	0.01%	0.12%	0.01%
LYV	A	0.04%	0.22%	0.04%
M	D	0.04%	0.04%	0.04%
MAA	A	0.04%	0.2%	0.04%
MANH	D	0.0%	0.17%	0.0%
MAS	D	0.03%	0.17%	0.03%
MAT	D	0.01%	0.06%	0.01%
MEDP	D	0.01%	0.1%	0.01%
MHK	D	0.06%	0.07%	0.06%
MIDD	C	0.02%	0.09%	0.02%
MKC	D	0.04%	0.22%	0.04%
MKSI	C	0.01%	0.08%	0.01%
MKTX	D	0.01%	0.11%	0.01%
MLI	B	0.03%	0.12%	0.03%
MMS	D	0.02%	0.06%	0.02%
MMSI	A	0.01%	0.06%	0.01%
MOG.A	B	0.02%	0.07%	0.02%
MOH	F	0.04%	0.21%	0.04%
MORN	B	0.01%	0.11%	0.01%
MOS	D	0.08%	0.1%	0.08%
MPWR	F	0.01%	0.37%	0.01%
MSA	D	0.0%	0.07%	0.0%
MSCI	A	0.01%	0.44%	0.01%
MSM	D	0.02%	0.04%	0.02%
MTB	A	0.17%	0.35%	0.17%
MTD	F	0.02%	0.31%	0.02%
MTG	C	0.02%	0.06%	0.02%
MTH	D	0.02%	0.07%	0.02%
MTN	C	0.01%	0.07%	0.01%
MTZ	B	0.03%	0.1%	0.03%
NBIX	D	0.01%	0.13%	0.01%
NDAQ	A	0.07%	0.31%	0.07%
NDSN	C	0.02%	0.16%	0.02%
NFG	A	0.03%	0.06%	0.03%
NI	A	0.06%	0.18%	0.06%
NNN	C	0.02%	0.08%	0.02%
NOVT	D	0.01%	0.07%	0.01%
NRG	B	0.06%	0.21%	0.06%
NSIT	F	0.02%	0.05%	0.02%
NTAP	D	0.04%	0.25%	0.04%
NTRS	A	0.08%	0.2%	0.08%
NUE	D	0.12%	0.41%	0.12%
NVR	D	0.06%	0.3%	0.06%
NVT	C	0.02%	0.14%	0.02%
NXST	D	0.03%	0.06%	0.03%
NYT	D	0.01%	0.1%	0.01%
OC	A	0.05%	0.21%	0.05%
ODFL	B	0.03%	0.44%	0.03%
OGN	F	0.03%	0.04%	0.03%
OHI	C	0.04%	0.11%	0.04%
OLED	F	0.01%	0.08%	0.01%
OLLI	D	0.01%	0.06%	0.01%
OMC	C	0.06%	0.23%	0.06%
ON	F	0.05%	0.31%	0.05%
ONB	B	0.03%	0.07%	0.03%
ONTO	F	0.01%	0.09%	0.01%
OPCH	F	0.01%	0.04%	0.01%
ORI	A	0.04%	0.08%	0.04%
OSK	B	0.02%	0.09%	0.02%
OTIS	C	0.04%	0.41%	0.04%
OZK	A	0.04%	0.05%	0.04%
PAG	B	0.03%	0.03%	0.03%
PARA	D	0.06%	0.08%	0.06%
PAYC	B	0.01%	0.12%	0.01%
PAYX	B	0.06%	0.48%	0.06%
PB	A	0.03%	0.07%	0.03%
PCTY	B	0.01%	0.09%	0.01%
PEG	C	0.13%	0.42%	0.13%
PEN	B	0.0%	0.1%	0.0%
PFG	A	0.16%	0.19%	0.16%
PFGC	B	0.11%	0.14%	0.11%
PHM	D	0.06%	0.29%	0.06%
PKG	B	0.05%	0.24%	0.05%
PLNT	A	0.0%	0.08%	0.0%
PNFP	A	0.03%	0.09%	0.03%
PNR	A	0.02%	0.19%	0.02%
PODD	A	0.01%	0.18%	0.01%
POOL	D	0.01%	0.13%	0.01%
POR	C	0.02%	0.05%	0.02%
PPG	D	0.06%	0.31%	0.06%
PRI	A	0.02%	0.09%	0.02%
PRU	A	0.38%	0.44%	0.38%
PSTG	F	0.01%	0.17%	0.01%
PTC	B	0.02%	0.24%	0.02%
PVH	C	0.02%	0.05%	0.02%
PWR	A	0.04%	0.46%	0.04%
QLYS	C	0.0%	0.06%	0.0%
QRVO	F	0.01%	0.07%	0.01%
R	B	0.06%	0.09%	0.06%
RDN	D	0.03%	0.05%	0.03%
REG	A	0.04%	0.15%	0.04%
REXR	F	0.01%	0.1%	0.01%
RF	A	0.11%	0.23%	0.11%
RGA	A	0.12%	0.14%	0.12%
RGEN	F	0.01%	0.08%	0.01%
RH	C	0.01%	0.05%	0.01%
RHI	C	0.02%	0.09%	0.02%
RJF	A	0.06%	0.29%	0.06%
RL	B	0.03%	0.08%	0.03%
RMBS	C	0.0%	0.06%	0.0%
RMD	C	0.03%	0.37%	0.03%
RNR	D	0.05%	0.13%	0.05%
ROK	B	0.04%	0.36%	0.04%
ROL	A	0.01%	0.16%	0.01%
RRX	B	0.02%	0.14%	0.02%
RS	B	0.05%	0.23%	0.05%
RVTY	D	0.02%	0.17%	0.02%
SAIA	C	0.01%	0.21%	0.01%
SAIC	D	0.02%	0.08%	0.02%
SBAC	C	0.02%	0.26%	0.02%
SCI	A	0.02%	0.14%	0.02%
SEE	D	0.01%	0.06%	0.01%
SEIC	A	0.02%	0.08%	0.02%
SF	A	0.04%	0.11%	0.04%
SFM	B	0.03%	0.15%	0.03%
SIG	C	0.02%	0.04%	0.02%
SIGI	B	0.02%	0.06%	0.02%
SJM	D	0.05%	0.13%	0.05%
SKX	F	0.03%	0.08%	0.03%
SLGN	A	0.02%	0.05%	0.02%
SLM	A	0.02%	0.05%	0.02%
SMCI	F	0.01%	0.12%	0.01%
SNA	A	0.04%	0.21%	0.04%
SNV	B	0.04%	0.08%	0.04%
SNX	C	0.08%	0.09%	0.08%
SON	D	0.02%	0.06%	0.02%
SPSC	F	0.0%	0.07%	0.0%
SSB	B	0.03%	0.08%	0.03%
SSD	D	0.01%	0.09%	0.01%
ST	F	0.02%	0.06%	0.02%
STAG	D	0.01%	0.08%	0.01%
STE	D	0.02%	0.24%	0.02%
STLD	B	0.08%	0.28%	0.08%
STT	A	0.14%	0.28%	0.14%
STWD	C	0.05%	0.06%	0.05%
STX	D	0.05%	0.22%	0.05%
SW	A	0.22%	0.31%	0.22%
SWK	F	0.05%	0.16%	0.05%
SWKS	F	0.04%	0.15%	0.04%
SWX	A	0.02%	0.05%	0.02%
SYF	B	0.22%	0.26%	0.22%
SYY	B	0.12%	0.39%	0.12%
TDY	B	0.03%	0.25%	0.03%
TECH	F	0.0%	0.13%	0.0%
TER	F	0.02%	0.18%	0.02%
TFX	F	0.01%	0.1%	0.01%
THG	A	0.02%	0.05%	0.02%
THO	B	0.03%	0.08%	0.03%
TKR	F	0.01%	0.06%	0.01%
TMHC	B	0.04%	0.08%	0.04%
TOL	B	0.05%	0.17%	0.05%
TPR	A	0.04%	0.11%	0.04%
TPX	A	0.01%	0.08%	0.01%
TREX	C	0.01%	0.07%	0.01%
TRMB	B	0.02%	0.2%	0.02%
TROW	A	0.07%	0.25%	0.07%
TSCO	D	0.04%	0.29%	0.04%
TTC	D	0.01%	0.1%	0.01%
TTEK	F	0.02%	0.14%	0.02%
TTWO	A	0.02%	0.27%	0.02%
TXRH	B	0.02%	0.14%	0.02%
TYL	B	0.02%	0.26%	0.02%
UDR	C	0.03%	0.16%	0.03%
UFPI	C	0.02%	0.08%	0.02%
UGI	C	0.04%	0.06%	0.04%
ULTA	F	0.03%	0.17%	0.03%
UNM	A	0.1%	0.12%	0.1%
URI	B	0.07%	0.57%	0.07%
USFD	B	0.08%	0.17%	0.08%
UTHR	C	0.04%	0.19%	0.04%
VFC	C	0.06%	0.07%	0.06%
VLTO	D	0.02%	0.25%	0.02%
VMC	B	0.03%	0.4%	0.03%
VMI	B	0.02%	0.08%	0.02%
VNO	C	0.06%	0.08%	0.06%
VNT	C	0.01%	0.06%	0.01%
VOYA	A	0.04%	0.08%	0.04%
VRSK	B	0.01%	0.4%	0.01%
VRSN	F	0.02%	0.17%	0.02%
VTR	C	0.08%	0.29%	0.08%
WAB	B	0.04%	0.37%	0.04%
WAT	B	0.02%	0.25%	0.02%
WBD	B	0.18%	0.22%	0.18%
WBS	A	0.04%	0.1%	0.04%
WCC	B	0.04%	0.09%	0.04%
WDC	F	0.05%	0.24%	0.05%
WEC	A	0.09%	0.33%	0.09%
WEX	F	0.01%	0.08%	0.01%
WH	B	0.01%	0.08%	0.01%
WHR	A	0.05%	0.05%	0.05%
WING	F	0.0%	0.1%	0.0%
WMS	F	0.01%	0.13%	0.01%
WPC	D	0.05%	0.13%	0.05%
WRB	A	0.05%	0.17%	0.05%
WSM	D	0.02%	0.15%	0.02%
WSO	A	0.04%	0.21%	0.04%
WST	C	0.01%	0.26%	0.01%
WTFC	A	0.03%	0.08%	0.03%
WTRG	B	0.03%	0.12%	0.03%
WTS	A	0.01%	0.07%	0.01%
WTW	B	0.07%	0.31%	0.07%
WWD	B	0.02%	0.11%	0.02%
WY	D	0.06%	0.2%	0.06%
XEL	A	0.14%	0.39%	0.14%
XPO	B	0.04%	0.24%	0.04%
XRAY	F	0.01%	0.05%	0.01%
XYL	D	0.02%	0.31%	0.02%
YUM	D	0.03%	0.39%	0.03%
ZBH	C	0.05%	0.24%	0.05%
ZBRA	B	0.02%	0.21%	0.02%
ZI	D	0.0%	0.04%	0.0%
ZION	A	0.07%	0.08%	0.07%

VLU Overweight 915 Positions Relative to CVMC

Symbol	Grade	Weight
AAPL	C	2.41%
BRK.A	A	2.36%
AMZN	B	2.1%
XOM	A	2.01%
WMT	A	1.8%
META	C	1.78%
BAC	A	1.49%
VZ	C	1.46%
JPM	A	1.46%
MSFT	D	1.43%
T	A	1.35%
CVX	A	1.32%
GOOG	B	1.2%
WFC	A	1.17%
UNH	B	1.17%
C	A	1.11%
JNJ	D	0.79%
PFE	F	0.77%
GOOGL	B	0.75%
CMCSA	B	0.64%
CVS	D	0.61%
MS	A	0.6%
COF	B	0.6%
GS	A	0.57%
TSLA	A	0.57%
PM	A	0.54%
TFC	A	0.53%
GM	B	0.53%
CSCO	B	0.51%
HD	A	0.5%
AVGO	C	0.46%
PG	C	0.46%
ABBV	F	0.45%
ORCL	A	0.45%
PSX	C	0.45%
KMI	A	0.44%
V	A	0.44%
MPC	C	0.44%
RTX	D	0.44%
IBM	D	0.43%
TMUS	A	0.42%
MET	A	0.41%
COP	B	0.41%
PNC	A	0.4%
MCK	A	0.39%
USB	A	0.38%
GILD	B	0.38%
UPS	C	0.37%
COR	B	0.37%
VLO	C	0.37%
KO	D	0.37%
NVDA	B	0.37%
F	C	0.36%
INTC	C	0.35%
AXP	B	0.35%
PEP	F	0.34%
MO	A	0.34%
BMY	B	0.34%
LMT	D	0.33%
NEE	C	0.33%
CI	D	0.33%
MDT	D	0.32%
DUK	C	0.32%
CB	C	0.32%
ELV	F	0.31%
ACN	C	0.31%
MRK	F	0.31%
SO	C	0.3%
MMM	D	0.28%
COST	B	0.28%
GE	D	0.27%
DIS	B	0.27%
AMGN	F	0.26%
CRM	B	0.26%
CAH	A	0.25%
CAT	B	0.25%
TXN	B	0.25%
SCHW	A	0.24%
UAL	A	0.24%
FDX	A	0.24%
AIG	A	0.24%
ABT	A	0.24%
LOW	A	0.23%
QCOM	F	0.23%
TGT	C	0.22%
GD	D	0.22%
DE	C	0.22%
EOG	A	0.22%
UNP	D	0.22%
ADM	D	0.21%
HON	A	0.21%
LLY	F	0.2%
CCL	A	0.2%
AFL	C	0.2%
WMB	A	0.19%
LYB	F	0.19%
LIN	D	0.19%
TRV	A	0.18%
SRE	A	0.18%
DD	D	0.18%
PGR	B	0.18%
MDLZ	F	0.18%
NFLX	A	0.18%
HCA	F	0.18%
DOW	F	0.17%
BA	F	0.17%
OXY	D	0.17%
IP	A	0.17%
PYPL	A	0.17%
TMO	F	0.16%
EMR	A	0.16%
LUV	A	0.16%
TJX	A	0.16%
AEP	C	0.16%
ADBE	F	0.16%
MU	D	0.15%
MCD	D	0.15%
FI	A	0.15%
NOC	D	0.15%
JCI	A	0.15%
ETR	A	0.15%
ADI	D	0.14%
SBUX	A	0.14%
TSN	A	0.14%
NEM	F	0.14%
APD	A	0.14%
AMT	D	0.13%
L	A	0.13%
NSC	B	0.13%
AMD	F	0.13%
OKE	A	0.13%
MA	A	0.13%
PLD	D	0.13%
SLB	C	0.13%
VTRS	A	0.13%
BX	A	0.13%
KDP	F	0.12%
MMC	C	0.12%
NKE	F	0.12%
BKNG	A	0.12%
SPGI	C	0.12%
AMAT	F	0.12%
EQT	A	0.12%
PCG	A	0.12%
DVN	F	0.12%
PCAR	B	0.12%
WELL	A	0.12%
ETN	B	0.12%
FANG	C	0.11%
O	D	0.11%
REGN	F	0.11%
ICE	C	0.11%
DHI	F	0.11%
BSX	A	0.11%
VRTX	C	0.11%
DHR	F	0.11%
WM	B	0.1%
EIX	C	0.1%
ISRG	A	0.1%
LHX	B	0.1%
CME	A	0.1%
VST	A	0.1%
CSX	B	0.1%
CTVA	D	0.09%
FOXA	B	0.09%
TRGP	A	0.09%
FCX	F	0.09%
PPL	A	0.09%
RSG	B	0.09%
ADP	B	0.09%
SYK	A	0.09%
CL	C	0.09%
VICI	C	0.09%
MAR	A	0.09%
ITW	B	0.09%
OVV	C	0.09%
PH	B	0.09%
ORLY	B	0.08%
LRCX	F	0.08%
TT	A	0.08%
CARR	D	0.08%
X	C	0.08%
ANET	C	0.08%
RCL	A	0.08%
MRO	A	0.08%
BDX	F	0.08%
LUMN	C	0.08%
UBER	F	0.08%
TAP	B	0.08%
ATO	A	0.07%
PSA	C	0.07%
GRMN	B	0.07%
ABNB	C	0.07%
PANW	B	0.07%
CHRD	D	0.07%
LVS	B	0.07%
AON	A	0.07%
CNP	A	0.07%
HAL	C	0.07%
NXPI	F	0.07%
EQIX	A	0.07%
FNF	C	0.07%
WBA	F	0.06%
CTRA	A	0.06%
ROST	D	0.06%
DINO	D	0.06%
HES	B	0.06%
INTU	B	0.06%
CF	A	0.06%
GPN	B	0.06%
SPG	A	0.06%
SHW	C	0.06%
THC	C	0.06%
NOW	B	0.06%
AZO	A	0.06%
APH	B	0.06%
FE	C	0.06%
EXPE	A	0.05%
FOX	A	0.05%
MCHP	F	0.05%
UHS	D	0.05%
STZ	D	0.05%
BLDR	D	0.05%
SNPS	C	0.05%
CNX	A	0.05%
KLAC	F	0.05%
PNW	A	0.05%
ROP	C	0.05%
COLB	B	0.05%
AJG	A	0.05%
LDOS	C	0.05%
IBKR	A	0.05%
MNST	B	0.05%
MUSA	A	0.04%
HCC	B	0.04%
NCLH	B	0.04%
NOG	A	0.04%
CNO	A	0.04%
J	D	0.04%
CACI	C	0.04%
WLK	F	0.04%
TXT	D	0.04%
TKO	C	0.04%
FYBR	C	0.04%
APA	F	0.04%
VLY	A	0.04%
HWM	A	0.04%
SANM	B	0.04%
AR	B	0.04%
AIZ	A	0.04%
CPAY	A	0.04%
MCO	D	0.04%
KRC	C	0.04%
INVH	D	0.04%
DLR	A	0.04%
MUR	D	0.04%
GLPI	C	0.04%
CTAS	B	0.04%
CEG	D	0.04%
CMG	B	0.04%
AA	A	0.04%
CIVI	C	0.04%
MSI	A	0.04%
MGM	D	0.04%
ZTS	D	0.04%
ALB	C	0.04%
ECL	D	0.04%
ROIV	D	0.04%
GPI	B	0.04%
BFH	B	0.03%
MTDR	B	0.03%
PENN	C	0.03%
TRN	A	0.03%
GT	C	0.03%
CDNS	B	0.03%
GNW	A	0.03%
DTM	A	0.03%
SFNC	B	0.03%
PK	D	0.03%
ARCH	B	0.03%
WAFD	B	0.03%
SATS	D	0.03%
BKU	A	0.03%
CUZ	B	0.03%
HBI	A	0.03%
POST	D	0.03%
CR	B	0.03%
MAN	F	0.03%
TDS	B	0.03%
TGNA	B	0.03%
CZR	F	0.03%
BXMT	D	0.03%
BHF	B	0.03%
HWC	B	0.03%
GEO	A	0.03%
APLE	B	0.03%
PBF	D	0.03%
CNK	A	0.03%
CEIX	A	0.03%
GHC	B	0.03%
RRC	B	0.03%
OGE	A	0.03%
PR	B	0.03%
GDDY	A	0.03%
CWK	B	0.03%
HP	C	0.03%
ABM	B	0.03%
NWSA	B	0.03%
CALM	A	0.03%
FLR	B	0.03%
DEI	B	0.03%
CATY	A	0.03%
WU	F	0.03%
BTU	B	0.03%
NWL	B	0.03%
MLM	B	0.03%
HIW	D	0.03%
CPRT	A	0.03%
ASB	B	0.03%
OGS	A	0.03%
BKH	A	0.03%
EW	C	0.03%
DXC	D	0.03%
KTB	A	0.02%
ATGE	B	0.02%
CABO	C	0.02%
KBR	D	0.02%
ADNT	F	0.02%
MAC	A	0.02%
AX	A	0.02%
MGY	A	0.02%
VAC	C	0.02%
VSTS	F	0.02%
VVV	B	0.02%
REZI	A	0.02%
NWBI	A	0.02%
JBGS	F	0.02%
VYX	C	0.02%
CVBF	A	0.02%
NATL	C	0.02%
SLVM	B	0.02%
NWE	C	0.02%
ERIE	F	0.02%
GEF	B	0.02%
MCY	A	0.02%
FULT	A	0.02%
TNL	A	0.02%
ABCB	B	0.02%
PLXS	B	0.02%
OI	D	0.02%
MHO	D	0.02%
CAR	C	0.02%
PRG	B	0.02%
SR	A	0.02%
CNXC	F	0.02%
KSS	F	0.02%
AGO	A	0.02%
MDU	D	0.02%
WFRD	F	0.02%
UAA	B	0.02%
CRC	A	0.02%
KAR	A	0.02%
WYNN	D	0.02%
JBLU	D	0.02%
BYD	B	0.02%
ALE	A	0.02%
PII	F	0.02%
FL	F	0.02%
PRGO	C	0.02%
EAT	A	0.02%
AUB	A	0.02%
PNM	B	0.02%
BHE	B	0.02%
TCBI	A	0.02%
BANC	B	0.02%
RUSHA	B	0.02%
OLN	F	0.02%
PPC	B	0.02%
AM	A	0.02%
GBX	A	0.02%
SLG	B	0.02%
AAP	C	0.02%
HLT	A	0.02%
UMBF	B	0.02%
RNST	B	0.02%
GBCI	A	0.02%
URBN	C	0.02%
TPH	D	0.02%
LNW	F	0.02%
AVNT	B	0.02%
BANF	B	0.02%
ADC	A	0.02%
FHB	B	0.02%
MATX	B	0.02%
KEX	A	0.02%
JWN	C	0.02%
BANR	A	0.02%
MRNA	F	0.02%
IBTX	B	0.02%
HII	F	0.02%
IBOC	A	0.02%
RPM	A	0.02%
SBRA	C	0.02%
CRS	A	0.02%
GNRC	B	0.02%
SEM	B	0.02%
SKYW	B	0.02%
FFBC	A	0.02%
PFS	A	0.02%
ENVA	B	0.02%
CXW	B	0.02%
UBSI	A	0.02%
VSCO	A	0.02%
SNEX	A	0.02%
NOV	D	0.02%
ABR	B	0.02%
AMH	C	0.02%
AMKR	F	0.02%
SM	C	0.02%
CLF	F	0.02%
TDG	D	0.02%
MPW	F	0.02%
KREF	D	0.01%
FBNC	B	0.01%
HFWA	B	0.01%
PRDO	B	0.01%
QNST	C	0.01%
UNIT	B	0.01%
PFBC	B	0.01%
AIN	C	0.01%
SCL	D	0.01%
VRTS	B	0.01%
UFCS	A	0.01%
MCRI	A	0.01%
EZPW	A	0.01%
MMI	B	0.01%
IART	C	0.01%
MSGS	B	0.01%
AWR	A	0.01%
XHR	B	0.01%
FORM	F	0.01%
RES	F	0.01%
SAFT	B	0.01%
CUBI	B	0.01%
SOLV	C	0.01%
AAT	C	0.01%
AZZ	A	0.01%
AEIS	B	0.01%
AVNS	F	0.01%
HPP	F	0.01%
EFC	C	0.01%
CENX	B	0.01%
MODG	F	0.01%
HAE	B	0.01%
TDC	F	0.01%
ZD	B	0.01%
HAIN	F	0.01%
SCHL	F	0.01%
GFF	B	0.01%
RDNT	B	0.01%
CHEF	C	0.01%
CWT	D	0.01%
HAFC	A	0.01%
HCSG	B	0.01%
CHCO	B	0.01%
HWKN	B	0.01%
INN	D	0.01%
NBHC	B	0.01%
HLX	C	0.01%
EPC	D	0.01%
AMWD	B	0.01%
GDOT	D	0.01%
FIZZ	B	0.01%
SYNA	D	0.01%
WRLD	D	0.01%
SMPL	B	0.01%
FWRD	D	0.01%
APOG	B	0.01%
VSAT	F	0.01%
GTY	A	0.01%
CPK	A	0.01%
RCM	A	0.01%
SHAK	B	0.01%
MRCY	B	0.01%
DRH	B	0.01%
NGVT	B	0.01%
UCTT	F	0.01%
ESE	A	0.01%
DNOW	B	0.01%
MP	B	0.01%
ELME	D	0.01%
STRA	C	0.01%
MATV	F	0.01%
JBT	A	0.01%
PLAB	D	0.01%
VRE	A	0.01%
NHC	B	0.01%
YELP	C	0.01%
BKE	A	0.01%
KELYA	F	0.01%
JJSF	C	0.01%
FCPT	C	0.01%
CRI	F	0.01%
SBCF	B	0.01%
MCW	C	0.01%
KWR	C	0.01%
POWL	C	0.01%
KNF	B	0.01%
SHO	D	0.01%
VIR	F	0.01%
AMED	F	0.01%
SKT	A	0.01%
ALGT	B	0.01%
AHCO	F	0.01%
ENR	A	0.01%
EIG	A	0.01%
OSIS	A	0.01%
KN	B	0.01%
VC	F	0.01%
ASIX	B	0.01%
EXP	B	0.01%
MYRG	C	0.01%
LGND	C	0.01%
ACHC	F	0.01%
MGEE	A	0.01%
STC	A	0.01%
SPTN	F	0.01%
CARG	A	0.01%
BOOT	C	0.01%
ALKS	C	0.01%
CFFN	B	0.01%
TBBK	A	0.01%
CORT	C	0.01%
KALU	C	0.01%
VTLE	C	0.01%
CPF	A	0.01%
SCVL	F	0.01%
MNRO	B	0.01%
CASH	B	0.01%
PLUS	F	0.01%
CVCO	B	0.01%
AXL	C	0.01%
AMN	F	0.01%
LXP	D	0.01%
KLIC	C	0.01%
IOSP	C	0.01%
MC	B	0.01%
HI	C	0.01%
HASI	F	0.01%
TMP	A	0.01%
LNTH	F	0.01%
PUMP	C	0.01%
BLMN	F	0.01%
WD	D	0.01%
OII	B	0.01%
LGIH	F	0.01%
PARR	D	0.01%
NSP	F	0.01%
NBR	D	0.01%
ROIC	A	0.01%
ARCB	C	0.01%
B	A	0.01%
LPG	F	0.01%
EGBN	B	0.01%
LTC	B	0.01%
RWT	D	0.01%
WEN	C	0.01%
UE	B	0.01%
OFG	B	0.01%
XRX	F	0.01%
ODP	F	0.01%
PJT	B	0.01%
AROC	A	0.01%
DORM	B	0.01%
SHOO	D	0.01%
DXCM	C	0.01%
MASI	B	0.01%
CENTA	C	0.01%
AVAV	C	0.01%
UNF	B	0.01%
ENOV	C	0.01%
WGO	C	0.01%
OMI	F	0.01%
CPRI	F	0.01%
OMCL	C	0.01%
DIOD	F	0.01%
SXT	C	0.01%
IPGP	D	0.01%
FTDR	B	0.01%
DLX	A	0.01%
BRKL	B	0.01%
CHX	C	0.01%
IRT	A	0.01%
PHIN	A	0.01%
FCF	A	0.01%
NMIH	D	0.01%
ORA	B	0.01%
FBK	B	0.01%
OTTR	C	0.01%
CBRL	C	0.01%
MTX	B	0.01%
PCH	D	0.01%
CCS	F	0.01%
NPO	A	0.01%
ITGR	B	0.01%
INVA	C	0.01%
SXC	A	0.01%
RUN	F	0.01%
HMN	B	0.01%
PATK	C	0.01%
EXPI	C	0.01%
SHC	D	0.01%
VSTO	A	0.01%
BWXT	A	0.01%
AKR	A	0.01%
BDN	D	0.01%
DAN	F	0.01%
SFBS	B	0.01%
CNXN	D	0.01%
EGP	D	0.01%
LZB	A	0.01%
SBSI	B	0.01%
STBA	B	0.01%
PECO	A	0.01%
MTSI	B	0.01%
KMT	B	0.01%
NSA	C	0.01%
HGV	C	0.01%
DCOM	A	0.01%
VAL	F	0.01%
THS	F	0.01%
NWS	B	0.01%
RXO	C	0.01%
NEU	D	0.01%
BRC	C	0.01%
APAM	A	0.01%
SAH	B	0.01%
PINC	B	0.01%
RLI	A	0.01%
RYN	D	0.01%
RC	D	0.01%
NBTB	B	0.01%
CTRE	D	0.01%
FUL	F	0.01%
EPR	D	0.01%
SCSC	B	0.01%
WSFS	A	0.01%
PRK	B	0.01%
BHLB	B	0.01%
PBH	A	0.01%
LCII	D	0.01%
CAKE	B	0.01%
LOPE	B	0.01%
OUT	A	0.01%
AEO	F	0.01%
PIPR	A	0.01%
KLG	D	0.01%
UA	B	0.01%
TEX	D	0.01%
CRK	A	0.01%
GRBK	D	0.01%
KW	C	0.01%
SABR	B	0.01%
FFIN	A	0.01%
SMG	D	0.01%
RBC	A	0.01%
SBH	A	0.01%
BOH	B	0.01%
UNFI	A	0.01%
KFY	B	0.01%
PSMT	D	0.01%
ECPG	B	0.01%
GVA	A	0.01%
DEA	D	0.01%
PMT	D	0.01%
LRN	A	0.01%
IDCC	A	0.01%
GMS	B	0.01%
GIII	D	0.01%
FN	C	0.01%
ARI	C	0.01%
BGC	B	0.01%
IIPR	F	0.01%
VSH	F	0.01%
FDP	A	0.01%
WOR	F	0.01%
FHI	A	0.01%
WERN	B	0.01%
NAVI	F	0.01%
NWN	A	0.01%
PBI	C	0.01%
TTMI	B	0.01%
BDC	B	0.01%
ENS	D	0.01%
WS	B	0.01%
HNI	B	0.01%
GNTX	D	0.01%
MD	B	0.01%
MTCH	F	0.01%
UVV	B	0.01%
FBP	B	0.01%
PTEN	C	0.01%
CBU	B	0.01%
TRMK	B	0.01%
CCOI	B	0.01%
UCB	A	0.01%
LBRT	F	0.01%
ICUI	D	0.01%
NVST	C	0.01%
ASGN	F	0.01%
CHDN	C	0.01%
ACIW	B	0.01%
LEG	F	0.01%
AMR	C	0.01%
ACA	A	0.01%
SPNT	A	0.01%
AVA	C	0.01%
UPBD	C	0.01%
HTH	B	0.01%
NJR	A	0.01%
PEB	F	0.01%
ASO	F	0.01%
GNL	D	0.01%
WKC	D	0.01%
TALO	C	0.01%
ANDE	C	0.01%
LITE	B	0.01%
HUBG	A	0.01%
PPBI	B	0.01%
KMPR	A	0.01%
WWW	A	0.01%
INDB	A	0.01%
VBTX	B	0.01%
CC	C	0.01%
HOPE	B	0.01%
PDCO	D	0.01%
RGLD	A	0.01%
MLKN	F	0.01%
AORT	B	0.0%
VICR	C	0.0%
NPK	C	0.0%
XPEL	C	0.0%
WOLF	F	0.0%
NARI	B	0.0%
LESL	C	0.0%
VCEL	B	0.0%
AGYS	A	0.0%
MSEX	B	0.0%
GOGO	C	0.0%
PGNY	F	0.0%
EMBC	C	0.0%
PCRX	C	0.0%
STAA	F	0.0%
CLB	C	0.0%
TNDM	F	0.0%
CERT	F	0.0%
RGNX	F	0.0%
TTGT	C	0.0%
ARWR	D	0.0%
NABL	F	0.0%
CRSR	D	0.0%
TGI	A	0.0%
COHU	D	0.0%
HCI	C	0.0%
LQDT	A	0.0%
MYE	F	0.0%
JBSS	F	0.0%
SNCY	C	0.0%
SSTK	F	0.0%
NXRT	A	0.0%
SEDG	F	0.0%
BJRI	B	0.0%
ICHR	C	0.0%
CEVA	B	0.0%
MXL	D	0.0%
SHEN	F	0.0%
WT	A	0.0%
IIIN	C	0.0%
SITM	B	0.0%
MGPI	F	0.0%
CARS	B	0.0%
DGII	B	0.0%
AHH	C	0.0%
GPRE	F	0.0%
DV	C	0.0%
TRUP	B	0.0%
CYTK	D	0.0%
WSR	A	0.0%
CENT	C	0.0%
THRY	F	0.0%
ASTE	C	0.0%
COLL	F	0.0%
SLAB	F	0.0%
IRWD	D	0.0%
EPAC	B	0.0%
PAYO	A	0.0%
VECO	F	0.0%
CTS	B	0.0%
RGR	F	0.0%
HRMY	D	0.0%
USNA	C	0.0%
JACK	C	0.0%
THRM	F	0.0%
CPRX	C	0.0%
VVI	B	0.0%
TNC	F	0.0%
SXI	A	0.0%
XNCR	B	0.0%
YETI	F	0.0%
PRLB	B	0.0%
LNN	B	0.0%
PZZA	D	0.0%
SONO	C	0.0%
PRVA	B	0.0%
GDEN	B	0.0%
MTUS	F	0.0%
HTLD	B	0.0%
IRDM	D	0.0%
HSII	B	0.0%
SJW	F	0.0%
POWI	D	0.0%
KOP	C	0.0%
ALRM	C	0.0%
AMPH	F	0.0%
WDFC	B	0.0%
ALG	C	0.0%
AOSL	D	0.0%
WNC	C	0.0%
EXTR	C	0.0%
MATW	C	0.0%
BLKB	C	0.0%
DFIN	D	0.0%
OXM	F	0.0%
LIVN	C	0.0%
FTRE	D	0.0%
MYGN	F	0.0%
CNMD	C	0.0%
CALX	F	0.0%
EYE	C	0.0%
JOE	F	0.0%
WABC	B	0.0%
RCUS	F	0.0%
HLIT	F	0.0%
BSIG	A	0.0%
UHT	D	0.0%
CSGS	B	0.0%
UFPT	C	0.0%
REX	C	0.0%
USPH	C	0.0%
PLMR	A	0.0%
AMSF	B	0.0%
CXT	D	0.0%
SMP	C	0.0%
NX	C	0.0%
ACLS	F	0.0%
RAMP	C	0.0%
AIR	B	0.0%
AZTA	F	0.0%
VIAV	B	0.0%
ETD	D	0.0%
HTZ	C	0.0%
HAYN	A	0.0%
VRRM	F	0.0%
BGS	F	0.0%
FLGT	F	0.0%
NVEE	F	0.0%
NVRI	F	0.0%
DVAX	C	0.0%
FOXF	F	0.0%
CNSL	B	0.0%
AMBC	C	0.0%
MRTN	C	0.0%
ENV	B	0.0%
FBRT	C	0.0%
TWI	F	0.0%
BOX	B	0.0%
HZO	F	0.0%
EVTC	C	0.0%
NTCT	B	0.0%
TR	A	0.0%
LKFN	A	0.0%
NEO	C	0.0%
PRGS	B	0.0%
HAYW	A	0.0%
GES	F	0.0%
UTL	D	0.0%
NEOG	D	0.0%
ROG	D	0.0%
SVC	F	0.0%
CRVL	A	0.0%
SAM	C	0.0%
ASTH	F	0.0%
CVI	D	0.0%
PAHC	B	0.0%
TRIP	D	0.0%
TILE	B	0.0%
CSR	B	0.0%
HELE	C	0.0%
VTOL	B	0.0%
DXPE	B	0.0%
ADUS	D	0.0%
MTRN	C	0.0%
IPAR	C	0.0%
PRAA	C	0.0%
PLAY	C	0.0%
BFS	C	0.0%
ROCK	C	0.0%
SUPN	B	0.0%
PRA	B	0.0%
SMTC	C	0.0%
ALEX	B	0.0%
TRST	A	0.0%
CAL	F	0.0%
TFIN	B	0.0%
GO	C	0.0%

VLU Underweight 104 Positions Relative to CVMC

Symbol	Grade	Weight
TTD	B	-0.55%
VRT	A	-0.47%
SQ	A	-0.43%
SNOW	C	-0.38%
DDOG	B	-0.38%
TEAM	B	-0.36%
ALNY	D	-0.36%
VEEV	C	-0.33%
APP	A	-0.32%
ARES	B	-0.31%
HUBS	B	-0.3%
HEI	A	-0.29%
NET	B	-0.28%
RBLX	B	-0.27%
BAH	D	-0.26%
FCNCA	A	-0.26%
CVNA	A	-0.25%
TRU	D	-0.23%
LPLA	A	-0.22%
ZM	B	-0.21%
MDB	C	-0.2%
PINS	F	-0.2%
SUI	D	-0.18%
ZS	B	-0.18%
AVTR	F	-0.17%
NTNX	B	-0.16%
DOCU	B	-0.16%
TWLO	A	-0.16%
GWRE	A	-0.16%
SSNC	C	-0.16%
ENTG	F	-0.16%
SUM	B	-0.14%
TW	A	-0.14%
AFRM	A	-0.13%
TOST	A	-0.13%
DUOL	B	-0.13%
LBRDK	C	-0.13%
BMRN	F	-0.13%
ALSN	A	-0.12%
Z	A	-0.12%
SOFI	A	-0.12%
OWL	A	-0.12%
SRPT	F	-0.12%
OKTA	D	-0.12%
SNAP	D	-0.12%
DOX	D	-0.11%
CNH	C	-0.11%
EXAS	F	-0.11%
RPRX	F	-0.11%
RIVN	F	-0.1%
WAL	B	-0.1%
APG	C	-0.1%
MOD	C	-0.09%
ROKU	C	-0.09%
BFAM	F	-0.08%
HLNE	B	-0.08%
FRPT	B	-0.08%
COLD	F	-0.08%
WSC	F	-0.08%
ACI	C	-0.08%
RYAN	B	-0.07%
INSP	F	-0.07%
BILL	A	-0.07%
BPMC	C	-0.07%
CWST	A	-0.07%
BPOP	D	-0.07%
ELAN	D	-0.07%
AGNC	C	-0.07%
ESI	B	-0.07%
SMAR	A	-0.07%
RHP	B	-0.07%
S	C	-0.07%
ESTC	C	-0.07%
IONS	F	-0.06%
BECN	A	-0.06%
VRNS	F	-0.06%
AZEK	B	-0.06%
ALTR	B	-0.06%
AXS	A	-0.06%
OMF	A	-0.06%
TRNO	D	-0.06%
SITE	D	-0.06%
FOUR	A	-0.06%
CFLT	B	-0.06%
WMG	B	-0.05%
TENB	D	-0.05%
LYFT	B	-0.05%
APPF	C	-0.05%
PSN	C	-0.05%
HCP	B	-0.05%
TPG	A	-0.05%
ZWS	B	-0.05%
CHWY	B	-0.04%
BBIO	F	-0.04%
CWAN	C	-0.04%
ATKR	C	-0.04%
WTM	A	-0.04%
PFSI	D	-0.03%
CACC	D	-0.03%
AGR	A	-0.03%
BOKF	A	-0.03%
APLS	F	-0.03%
TNET	F	-0.03%
LEVI	F	-0.02%