AVLC vs. BLV ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Vanguard Long-Term Bond ETF (BLV)

AVLC

Avantis U.S. Large Cap Equity ETF

AVLC Description

The fund invests primarily in a diverse group of U.S. companies across market sectors and industry groups. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of companies with lower levels of profitability and less attractive value characteristics

Grade (RS Rating)

Last Trade

$70.12

Average Daily Volume

19,302

Number of Holdings ^*

985

* may have additional holdings in another (foreign) market

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$71.77

Average Daily Volume

650,842

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	BLV
30 Days	5.19%	1.03%
60 Days	6.45%	-3.69%
90 Days	8.55%	-2.77%
12 Months	33.80%	9.74%

277 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in BLV	Overlap
AAPL	B	5.38%	0.02%	0.02%
ABBV	D	0.38%	0.02%	0.02%
ABT	B	0.2%	0.01%	0.01%
ACGL	D	0.14%	0.01%	0.01%
ADI	D	0.15%	0.02%	0.02%
ADM	F	0.11%	0.01%	0.01%
AEE	A	0.08%	0.01%	0.01%
AEP	D	0.14%	0.01%	0.01%
AES	F	0.06%	0.01%	0.01%
AFG	A	0.06%	0.01%	0.01%
AFL	B	0.19%	0.01%	0.01%
AGO	A	0.0%	0.01%	0.0%
AIG	B	0.2%	0.01%	0.01%
AIZ	B	0.05%	0.01%	0.01%
AJG	A	0.05%	0.02%	0.02%
ALB	C	0.01%	0.01%	0.01%
ALL	B	0.2%	0.01%	0.01%
ALLY	C	0.06%	0.04%	0.04%
AMAT	F	0.33%	0.01%	0.01%
AMGN	D	0.18%	0.02%	0.02%
AMZN	C	2.9%	0.03%	0.03%
AON	A	0.1%	0.01%	0.01%
APD	A	0.23%	0.01%	0.01%
APTV	F	0.04%	0.01%	0.01%
ATO	A	0.05%	0.01%	0.01%
AVGO	D	1.05%	0.03%	0.03%
AWK	D	0.03%	0.01%	0.01%
AXP	A	0.4%	0.02%	0.02%
AZN	F	0.02%	0.01%	0.01%
BA	D	0.06%	0.01%	0.01%
BAC	A	0.43%	0.01%	0.01%
BAX	F	0.02%	0.01%	0.01%
BDX	F	0.05%	0.01%	0.01%
BEN	C	0.01%	0.01%	0.01%
BIIB	F	0.03%	0.02%	0.02%
BMY	B	0.18%	0.01%	0.01%
BSX	C	0.12%	0.01%	0.01%
BWA	C	0.05%	0.01%	0.01%
C	A	0.23%	0.01%	0.01%
CACC	D	0.01%	0.01%	0.01%
CAG	D	0.01%	0.02%	0.01%
CAH	B	0.03%	0.01%	0.01%
CARR	C	0.06%	0.04%	0.04%
CAT	B	0.52%	0.01%	0.01%
CB	D	0.22%	0.01%	0.01%
CF	B	0.1%	0.02%	0.02%
CFG	B	0.08%	0.01%	0.01%
CHD	B	0.05%	0.01%	0.01%
CHTR	C	0.05%	0.01%	0.01%
CI	D	0.07%	0.01%	0.01%
CINF	A	0.07%	0.01%	0.01%
CL	D	0.18%	0.01%	0.01%
CMCSA	C	0.38%	0.01%	0.01%
CME	A	0.12%	0.02%	0.02%
CMI	A	0.21%	0.01%	0.01%
CMS	C	0.06%	0.01%	0.01%
CNP	A	0.02%	0.01%	0.01%
COP	D	0.39%	0.01%	0.01%
COST	B	0.94%	0.04%	0.04%
CPB	D	0.01%	0.01%	0.01%
CRM	B	0.42%	0.03%	0.03%
CSCO	A	0.3%	0.03%	0.03%
CSX	B	0.25%	0.01%	0.01%
CVS	D	0.05%	0.01%	0.01%
CVX	B	0.65%	0.01%	0.01%
D	C	0.05%	0.01%	0.01%
DD	D	0.06%	0.04%	0.04%
DE	B	0.32%	0.01%	0.01%
DELL	C	0.05%	0.04%	0.04%
DG	F	0.06%	0.01%	0.01%
DGX	B	0.01%	0.01%	0.01%
DHR	D	0.12%	0.01%	0.01%
DIS	B	0.2%	0.01%	0.01%
DOV	A	0.03%	0.01%	0.01%
DOW	F	0.13%	0.01%	0.01%
DRI	B	0.09%	0.01%	0.01%
DT	C	0.02%	0.01%	0.01%
DTE	C	0.07%	0.01%	0.01%
DUK	C	0.16%	0.01%	0.01%
DVN	F	0.14%	0.01%	0.01%
EA	C	0.06%	0.01%	0.01%
EBAY	C	0.14%	0.02%	0.02%
ECL	D	0.06%	0.01%	0.01%
ED	D	0.09%	0.01%	0.01%
EG	C	0.08%	0.01%	0.01%
EIX	A	0.1%	0.01%	0.01%
EL	F	0.02%	0.01%	0.01%
EMN	D	0.05%	0.01%	0.01%
EOG	C	0.31%	0.01%	0.01%
EQH	B	0.09%	0.04%	0.04%
ES	D	0.02%	0.01%	0.01%
ETN	A	0.14%	0.01%	0.01%
ETR	B	0.12%	0.01%	0.01%
EVRG	A	0.05%	0.01%	0.01%
EXC	D	0.11%	0.01%	0.01%
FANG	F	0.17%	0.02%	0.02%
FDX	B	0.26%	0.01%	0.01%
FE	D	0.02%	0.01%	0.01%
FIS	D	0.06%	0.01%	0.01%
FITB	B	0.13%	0.04%	0.04%
FMC	D	0.04%	0.01%	0.01%
FNF	B	0.08%	0.01%	0.01%
FOXA	C	0.05%	0.02%	0.02%
FTV	B	0.01%	0.01%	0.01%
GD	F	0.04%	0.01%	0.01%
GE	D	0.19%	0.01%	0.01%
GILD	B	0.35%	0.01%	0.01%
GIS	D	0.03%	0.01%	0.01%
GLW	B	0.09%	0.01%	0.01%
GM	B	0.29%	0.02%	0.02%
GOOGL	C	1.55%	0.02%	0.02%
GPN	C	0.01%	0.02%	0.01%
GS	B	0.43%	0.01%	0.01%
GWW	A	0.23%	0.01%	0.01%
HAL	C	0.13%	0.03%	0.03%
HAS	D	0.02%	0.01%	0.01%
HCA	F	0.05%	0.01%	0.01%
HD	A	0.57%	0.01%	0.01%
HES	C	0.2%	0.01%	0.01%
HIG	B	0.19%	0.01%	0.01%
HON	B	0.15%	0.01%	0.01%
HPE	B	0.08%	0.04%	0.04%
HPQ	B	0.05%	0.03%	0.03%
HRL	D	0.02%	0.01%	0.01%
HSY	F	0.09%	0.01%	0.01%
HUM	C	0.05%	0.01%	0.01%
IBM	C	0.28%	0.01%	0.01%
ICE	D	0.07%	0.02%	0.02%
IDA	B	0.01%	0.01%	0.01%
IFF	D	0.06%	0.01%	0.01%
INGR	B	0.07%	0.01%	0.01%
INTC	C	0.16%	0.01%	0.01%
IP	B	0.13%	0.01%	0.01%
IPG	C	0.01%	0.01%	0.01%
ITW	A	0.12%	0.01%	0.01%
IVZ	B	0.02%	0.01%	0.01%
JCI	C	0.04%	0.01%	0.01%
JEF	A	0.08%	0.01%	0.01%
JNJ	D	0.59%	0.01%	0.01%
JNPR	F	0.02%	0.01%	0.01%
JPM	B	1.2%	0.01%	0.01%
K	A	0.03%	0.01%	0.01%
KDP	D	0.04%	0.01%	0.01%
KLAC	F	0.2%	0.01%	0.01%
KMB	C	0.15%	0.01%	0.01%
KMI	B	0.11%	0.01%	0.01%
KO	D	0.4%	0.01%	0.01%
KR	A	0.2%	0.01%	0.01%
L	B	0.07%	0.01%	0.01%
LEA	F	0.03%	0.02%	0.02%
LH	B	0.04%	0.01%	0.01%
LHX	C	0.03%	0.01%	0.01%
LIN	D	0.21%	0.01%	0.01%
LLY	F	0.74%	0.01%	0.01%
LMT	D	0.22%	0.01%	0.01%
LNC	B	0.01%	0.01%	0.01%
LNT	A	0.04%	0.01%	0.01%
LOW	C	0.12%	0.01%	0.01%
LRCX	F	0.33%	0.01%	0.01%
LYB	F	0.11%	0.01%	0.01%
MA	B	0.65%	0.01%	0.01%
MAR	A	0.05%	0.02%	0.02%
MAS	C	0.02%	0.01%	0.01%
MCD	D	0.16%	0.01%	0.01%
MCO	A	0.1%	0.01%	0.01%
MDLZ	F	0.09%	0.02%	0.02%
MDT	D	0.11%	0.05%	0.05%
MET	A	0.2%	0.01%	0.01%
MKC	D	0.01%	0.01%	0.01%
MKL	A	0.12%	0.01%	0.01%
MLM	B	0.14%	0.01%	0.01%
MMC	A	0.09%	0.01%	0.01%
MMM	D	0.18%	0.01%	0.01%
MO	A	0.09%	0.01%	0.01%
MOS	F	0.05%	0.01%	0.01%
MPC	F	0.22%	0.01%	0.01%
MRK	F	0.32%	0.01%	0.01%
MRO	B	0.11%	0.01%	0.01%
MS	B	0.35%	0.02%	0.02%
MSFT	D	4.34%	0.01%	0.01%
MSI	C	0.23%	0.01%	0.01%
NDAQ	A	0.02%	0.01%	0.01%
NEE	D	0.08%	0.01%	0.01%
NEM	F	0.02%	0.01%	0.01%
NI	A	0.03%	0.01%	0.01%
NKE	F	0.16%	0.01%	0.01%
NOC	D	0.04%	0.01%	0.01%
NOV	C	0.02%	0.01%	0.01%
NSC	A	0.21%	0.01%	0.01%
NUE	D	0.15%	0.03%	0.03%
NVDA	C	4.86%	0.02%	0.02%
NXPI	D	0.08%	0.01%	0.01%
OC	B	0.11%	0.01%	0.01%
OGE	A	0.04%	0.01%	0.01%
OKE	C	0.21%	0.01%	0.01%
ORCL	C	0.43%	0.01%	0.01%
ORI	A	0.05%	0.01%	0.01%
OTIS	C	0.04%	0.01%	0.01%
PCG	B	0.13%	0.01%	0.01%
PEG	A	0.1%	0.01%	0.01%
PEP	F	0.26%	0.01%	0.01%
PFE	D	0.14%	0.01%	0.01%
PFG	C	0.09%	0.01%	0.01%
PG	A	0.41%	0.01%	0.01%
PGR	A	0.46%	0.01%	0.01%
PH	A	0.09%	0.01%	0.01%
PHM	C	0.12%	0.01%	0.01%
PKG	B	0.13%	0.01%	0.01%
PM	B	0.19%	0.01%	0.01%
PNW	B	0.05%	0.01%	0.01%
PPL	B	0.07%	0.01%	0.01%
PRU	A	0.18%	0.01%	0.01%
PSX	C	0.2%	0.02%	0.02%
PYPL	A	0.31%	0.02%	0.02%
QCOM	F	0.47%	0.01%	0.01%
REGN	F	0.13%	0.01%	0.01%
RF	B	0.08%	0.01%	0.01%
RJF	A	0.12%	0.01%	0.01%
ROK	B	0.04%	0.01%	0.01%
RPM	A	0.1%	0.01%	0.01%
RPRX	D	0.02%	0.01%	0.01%
RSG	A	0.04%	0.01%	0.01%
RTX	D	0.16%	0.01%	0.01%
SBUX	B	0.09%	0.01%	0.01%
SCHW	A	0.22%	0.01%	0.01%
SHW	A	0.13%	0.01%	0.01%
SIGI	B	0.02%	0.01%	0.01%
SJM	D	0.01%	0.01%	0.01%
SNA	A	0.08%	0.01%	0.01%
SO	D	0.13%	0.01%	0.01%
SPGI	C	0.09%	0.01%	0.01%
SRE	A	0.08%	0.01%	0.01%
STE	F	0.03%	0.01%	0.01%
STLD	B	0.12%	0.01%	0.01%
STZ	D	0.05%	0.01%	0.01%
SWK	D	0.02%	0.01%	0.01%
SWX	B	0.02%	0.01%	0.01%
SYK	C	0.12%	0.01%	0.01%
SYY	C	0.07%	0.01%	0.01%
T	A	0.44%	0.01%	0.01%
TAP	C	0.04%	0.03%	0.03%
TGT	F	0.23%	0.01%	0.01%
TJX	A	0.44%	0.01%	0.01%
TMO	F	0.14%	0.01%	0.01%
TMUS	A	0.31%	0.01%	0.01%
TRV	B	0.26%	0.01%	0.01%
TSN	B	0.05%	0.01%	0.01%
TT	B	0.14%	0.01%	0.01%
TXN	D	0.26%	0.01%	0.01%
UAL	B	0.2%	0.01%	0.01%
UNH	B	0.35%	0.01%	0.01%
UNM	A	0.06%	0.01%	0.01%
UNP	C	0.46%	0.01%	0.01%
UPS	C	0.19%	0.01%	0.01%
V	A	0.59%	0.01%	0.01%
VLO	C	0.17%	0.02%	0.02%
VMC	B	0.05%	0.02%	0.02%
VMI	A	0.05%	0.01%	0.01%
VOYA	B	0.03%	0.01%	0.01%
VRSK	A	0.12%	0.01%	0.01%
VTRS	B	0.09%	0.02%	0.02%
VZ	B	0.46%	0.01%	0.01%
WBA	D	0.0%	0.01%	0.0%
WEC	A	0.04%	0.01%	0.01%
WFC	A	0.56%	0.01%	0.01%
WHR	B	0.0%	0.02%	0.0%
WLK	D	0.02%	0.01%	0.01%
WM	A	0.12%	0.01%	0.01%
WMB	B	0.31%	0.01%	0.01%
WMT	B	0.66%	0.01%	0.01%
WRB	A	0.07%	0.01%	0.01%
WTRG	B	0.01%	0.01%	0.01%
XEL	A	0.11%	0.01%	0.01%
XOM	C	1.04%	0.01%	0.01%
XYL	D	0.04%	0.01%	0.01%
ZBH	C	0.05%	0.01%	0.01%
ZTS	D	0.2%	0.01%	0.01%

AVLC Overweight 708 Positions Relative to BLV

Symbol	Grade	Weight
META	D	2.23%
GOOG	C	1.29%
TSLA	B	0.82%
BRK.A	B	0.68%
NFLX	B	0.52%
MELI	C	0.4%
ADP	B	0.36%
ADBE	C	0.31%
AMD	F	0.31%
ACN	B	0.31%
NOW	B	0.29%
TRGP	B	0.28%
RCL	B	0.28%
AMP	B	0.27%
INTU	C	0.25%
LNG	B	0.24%
USB	A	0.23%
VRTX	D	0.23%
DAL	B	0.23%
CMG	B	0.23%
PCAR	B	0.23%
PNC	A	0.22%
FTNT	C	0.22%
COF	B	0.22%
ROST	C	0.21%
FAST	B	0.2%
TFC	B	0.19%
APP	B	0.19%
FCX	F	0.19%
BKR	C	0.19%
URI	B	0.19%
F	C	0.19%
LEN	C	0.18%
PLTR	B	0.18%
ISRG	C	0.18%
BK	A	0.18%
PANW	C	0.18%
BLK	C	0.18%
MU	D	0.17%
WSM	B	0.16%
DECK	A	0.16%
PAYX	B	0.16%
APO	A	0.16%
TSCO	C	0.16%
OXY	F	0.15%
EME	B	0.15%
ANET	C	0.15%
SYF	A	0.15%
KKR	B	0.15%
ODFL	B	0.14%
GEV	C	0.14%
VST	B	0.14%
VRT	B	0.14%
TPL	B	0.14%
LULU	C	0.14%
ELV	F	0.13%
BKNG	B	0.13%
CCL	B	0.13%
CTAS	B	0.12%
SFM	B	0.12%
CDNS	B	0.12%
BURL	B	0.12%
MTB	B	0.12%
CTSH	B	0.12%
EQT	B	0.12%
CEG	D	0.12%
DHI	D	0.12%
ON	C	0.12%
APH	B	0.12%
MSTR	C	0.12%
CSL	B	0.12%
FCNCA	B	0.12%
HBAN	B	0.11%
FSLR	F	0.11%
IDXX	F	0.11%
FIX	A	0.11%
MRVL	B	0.11%
SW	B	0.11%
NTRS	A	0.11%
BX	B	0.11%
CRWD	B	0.11%
CPNG	D	0.11%
BBY	D	0.11%
SNPS	B	0.11%
TROW	A	0.1%
LII	A	0.1%
ULTA	F	0.1%
STT	A	0.1%
JBL	C	0.1%
LPLA	B	0.1%
NVR	D	0.1%
FLEX	B	0.1%
CTRA	B	0.1%
ROP	B	0.09%
CASY	B	0.09%
IT	C	0.09%
FTI	A	0.09%
EWBC	B	0.09%
TPR	A	0.09%
EXPD	C	0.09%
LVS	C	0.09%
COR	C	0.09%
CVNA	B	0.09%
TXRH	A	0.09%
SLB	C	0.09%
UTHR	C	0.09%
GRMN	A	0.09%
COIN	B	0.09%
CPRT	A	0.09%
ADSK	B	0.09%
UBER	D	0.09%
PWR	A	0.09%
FI	A	0.08%
RNR	C	0.08%
WDAY	C	0.08%
RGA	A	0.08%
BJ	B	0.08%
CNC	F	0.08%
LUV	B	0.08%
FICO	B	0.08%
DKS	C	0.08%
GDDY	B	0.08%
BG	F	0.08%
EW	C	0.08%
NCLH	B	0.08%
SAIA	C	0.08%
CTVA	B	0.08%
OVV	C	0.08%
DFS	B	0.08%
NTAP	C	0.07%
ORLY	B	0.07%
PAYC	A	0.07%
KEYS	B	0.07%
WCC	B	0.07%
DLTR	D	0.07%
MCK	C	0.07%
VFC	C	0.07%
SQ	B	0.07%
TDG	D	0.07%
MLI	C	0.07%
SPOT	B	0.07%
TOL	A	0.07%
ABNB	C	0.07%
BLDR	C	0.07%
SWKS	F	0.07%
MUSA	B	0.07%
RS	B	0.07%
RMD	C	0.07%
EXP	B	0.07%
POOL	C	0.07%
PRI	A	0.07%
JBHT	C	0.07%
NRG	C	0.06%
KEY	A	0.06%
WAL	B	0.06%
LNTH	D	0.06%
CMA	A	0.06%
LECO	C	0.06%
UHS	D	0.06%
GNRC	B	0.06%
MANH	C	0.06%
VLTO	C	0.06%
WMS	F	0.06%
COKE	C	0.06%
ATI	D	0.06%
ATR	B	0.06%
PR	C	0.06%
GPC	D	0.06%
A	D	0.06%
GL	C	0.06%
KVUE	A	0.06%
DCI	A	0.06%
ANF	C	0.06%
GPK	C	0.06%
PFGC	A	0.06%
HOOD	B	0.06%
BWXT	B	0.06%
DASH	A	0.06%
CLX	C	0.06%
BALL	D	0.06%
CBRE	B	0.06%
JXN	B	0.06%
LPX	B	0.06%
MOH	F	0.06%
SOFI	B	0.05%
WFRD	F	0.05%
RHI	C	0.05%
JLL	B	0.05%
CROX	F	0.05%
KHC	D	0.05%
SKX	D	0.05%
VEEV	B	0.05%
CBT	C	0.05%
AYI	B	0.05%
WST	C	0.05%
CDW	F	0.05%
MKTX	D	0.05%
WBS	B	0.05%
TXT	D	0.05%
WTFC	B	0.05%
WAT	B	0.05%
AAON	B	0.05%
ARW	D	0.05%
TER	F	0.05%
ALV	C	0.05%
MCHP	F	0.05%
DXCM	C	0.05%
SNOW	C	0.05%
MTDR	C	0.05%
PPG	D	0.05%
KMX	B	0.05%
ZION	B	0.05%
UFPI	B	0.05%
HUBS	B	0.05%
DOCU	A	0.05%
IR	A	0.05%
AIT	B	0.05%
CHRD	F	0.05%
AXON	B	0.05%
R	B	0.05%
FYBR	D	0.05%
AME	A	0.05%
GGG	B	0.05%
TEAM	B	0.05%
WSO	A	0.05%
TTD	B	0.05%
CRBG	B	0.05%
RL	B	0.05%
HWM	B	0.05%
FND	C	0.05%
AXS	A	0.05%
DDOG	A	0.05%
KNSL	B	0.05%
EMR	A	0.05%
HLT	A	0.05%
TWLO	B	0.04%
EVR	B	0.04%
AA	A	0.04%
KNX	B	0.04%
SNX	C	0.04%
AR	B	0.04%
NBIX	C	0.04%
HUBB	B	0.04%
AWI	B	0.04%
AGCO	D	0.04%
XPO	B	0.04%
KEX	B	0.04%
YUM	B	0.04%
PSTG	D	0.04%
DTM	B	0.04%
DINO	F	0.04%
HII	F	0.04%
CMC	B	0.04%
TREX	C	0.04%
CRUS	F	0.04%
CPAY	A	0.04%
TYL	A	0.04%
JAZZ	B	0.04%
AXTA	A	0.04%
NET	B	0.04%
CLH	B	0.04%
GAP	C	0.04%
ITT	A	0.04%
MTG	B	0.04%
WCN	A	0.04%
KBH	C	0.04%
ALGN	D	0.04%
KD	B	0.04%
JKHY	D	0.04%
LSTR	B	0.04%
BR	A	0.04%
CSGP	C	0.04%
EPAM	C	0.04%
FHN	B	0.04%
WAB	B	0.04%
MPWR	F	0.04%
FDS	B	0.04%
MHK	D	0.04%
ANSS	B	0.04%
CRS	B	0.04%
ZM	B	0.04%
RRC	B	0.04%
CBSH	B	0.04%
SF	B	0.04%
CHX	C	0.04%
CFR	B	0.04%
AZO	C	0.04%
MSCI	C	0.04%
ENSG	D	0.04%
EXPE	B	0.04%
OMF	A	0.04%
DY	D	0.03%
NU	D	0.03%
G	B	0.03%
CHRW	C	0.03%
BLD	C	0.03%
LAD	B	0.03%
GWRE	B	0.03%
SCI	A	0.03%
COHR	C	0.03%
IEX	B	0.03%
RIVN	D	0.03%
UHAL	D	0.03%
IBP	C	0.03%
TKR	D	0.03%
MOD	B	0.03%
EXPO	D	0.03%
IBKR	B	0.03%
OLN	F	0.03%
ROL	B	0.03%
SATS	D	0.03%
NYT	C	0.03%
RLI	A	0.03%
MDB	C	0.03%
FFIV	A	0.03%
INCY	C	0.03%
ZS	C	0.03%
PEGA	A	0.03%
MTD	F	0.03%
GMED	A	0.03%
BMRN	F	0.03%
FAF	B	0.03%
ZBRA	A	0.03%
NWSA	B	0.03%
PVH	C	0.03%
X	C	0.03%
WWD	B	0.03%
ENLC	B	0.03%
CTLT	B	0.03%
BAH	F	0.03%
PODD	B	0.03%
EHC	B	0.03%
MTZ	B	0.03%
GNTX	C	0.03%
GME	C	0.03%
HLNE	A	0.03%
STX	D	0.03%
HOLX	D	0.03%
AKAM	F	0.03%
CW	B	0.03%
EXEL	A	0.03%
MUR	F	0.03%
WDC	C	0.03%
ESNT	D	0.03%
CIEN	B	0.03%
MAT	D	0.03%
AM	B	0.03%
PTC	A	0.03%
SEIC	A	0.03%
GEHC	F	0.03%
CBOE	B	0.03%
TTWO	B	0.03%
SSB	B	0.03%
BPOP	B	0.03%
TDY	B	0.03%
BYD	B	0.03%
TTC	D	0.03%
RGLD	D	0.03%
MNST	B	0.03%
AFRM	B	0.03%
ONB	B	0.03%
ILMN	C	0.03%
HRB	D	0.03%
PNFP	B	0.03%
ALK	A	0.03%
ALNY	D	0.03%
CVLT	B	0.03%
CLF	F	0.03%
SNV	B	0.03%
AVY	D	0.03%
FN	D	0.03%
CIVI	D	0.03%
APA	F	0.03%
AOS	D	0.03%
IQV	F	0.03%
SSD	C	0.03%
WBD	C	0.03%
NSIT	F	0.03%
ROIV	B	0.02%
EXLS	A	0.02%
CELH	F	0.02%
PNR	B	0.02%
DPZ	C	0.02%
BC	C	0.02%
TRU	D	0.02%
MSA	C	0.02%
LNW	D	0.02%
OMC	C	0.02%
BRO	B	0.02%
OKTA	C	0.02%
FRPT	B	0.02%
PPC	C	0.02%
INSM	C	0.02%
DUOL	B	0.02%
CHH	A	0.02%
RBC	B	0.02%
AUR	B	0.02%
QRVO	F	0.02%
ARMK	A	0.02%
FCN	D	0.02%
NVT	B	0.02%
ROKU	D	0.02%
ALSN	B	0.02%
GLOB	B	0.02%
HOMB	B	0.02%
OZK	B	0.02%
MDU	F	0.02%
BRKR	F	0.02%
SMCI	D	0.02%
FSS	B	0.02%
ONTO	F	0.02%
WTW	B	0.02%
BMI	B	0.02%
OLLI	C	0.02%
OLED	F	0.02%
TECH	C	0.02%
DAR	C	0.02%
JHG	A	0.02%
DOCS	C	0.02%
LFUS	D	0.02%
HLI	A	0.02%
CNM	D	0.02%
CHE	D	0.02%
MOG.A	B	0.02%
EFX	D	0.02%
ARES	B	0.02%
SN	D	0.02%
LW	C	0.02%
PCVX	D	0.02%
FLR	B	0.02%
FLS	A	0.02%
MMSI	B	0.02%
AMCR	D	0.02%
CCK	D	0.02%
Z	B	0.02%
ENTG	D	0.02%
VRSN	F	0.02%
FBIN	D	0.02%
RVTY	D	0.02%
OSK	B	0.02%
MTH	C	0.02%
THC	D	0.02%
M	D	0.02%
LDOS	D	0.02%
PINS	F	0.02%
LYV	A	0.02%
COOP	B	0.02%
CSWI	A	0.02%
QLYS	C	0.02%
CG	B	0.02%
FOX	B	0.02%
TOST	B	0.02%
HALO	F	0.02%
SON	D	0.02%
MGY	B	0.02%
AMKR	F	0.02%
LBRDK	C	0.02%
MEDP	F	0.02%
RVMD	B	0.02%
TMHC	A	0.02%
MRNA	F	0.02%
CADE	B	0.02%
NTRA	B	0.02%
TRMB	B	0.02%
HESM	B	0.02%
CHDN	B	0.02%
TPX	A	0.02%
TFX	F	0.02%
TW	B	0.02%
ACM	A	0.02%
ALLE	D	0.02%
MASI	A	0.02%
NTNX	B	0.02%
DOX	D	0.02%
PB	B	0.02%
BCC	B	0.02%
ERIE	D	0.02%
SEE	C	0.01%
ELF	C	0.01%
TKO	B	0.01%
RDDT	B	0.01%
RMBS	C	0.01%
HEI	B	0.01%
H	A	0.01%
IONS	F	0.01%
PAG	B	0.01%
NEU	C	0.01%
ZETA	D	0.01%
CYTK	F	0.01%
SMMT	D	0.01%
ADTN	B	0.01%
RRX	A	0.01%
PI	D	0.01%
BBWI	C	0.01%
LCID	F	0.01%
CE	F	0.01%
TNET	D	0.01%
RGEN	D	0.01%
ZG	B	0.01%
FLUT	A	0.01%
TDW	F	0.01%
CFLT	B	0.01%
GTLS	B	0.01%
VAL	F	0.01%
AAL	B	0.01%
LEN	C	0.01%
NOVT	D	0.01%
CHWY	C	0.01%
CWEN	C	0.01%
SUM	B	0.01%
EXAS	F	0.01%
NPAB	B	0.01%
VERX	A	0.01%
ALTR	B	0.01%
PSN	D	0.01%
U	C	0.01%
AVAV	D	0.01%
PATH	C	0.01%
NDSN	B	0.01%
GXO	B	0.01%
PEN	C	0.01%
ESAB	B	0.01%
HXL	D	0.01%
WYNN	D	0.01%
NXST	C	0.01%
DKNG	C	0.01%
NWS	B	0.01%
PCOR	B	0.01%
ACHC	F	0.01%
CACI	D	0.01%
KRYS	C	0.01%
SOLV	C	0.01%
MTN	C	0.01%
FOUR	B	0.01%
MORN	A	0.01%
MKSI	C	0.01%
RRR	F	0.01%
BRBR	B	0.01%
HEI	B	0.01%
ATKR	C	0.01%
HQY	B	0.01%
VRNS	D	0.01%
GTLB	C	0.01%
DDS	B	0.01%
BILL	A	0.01%
AGR	B	0.01%
LSCC	D	0.01%
ESTC	C	0.01%
DBX	C	0.01%
LKQ	D	0.01%
CWAN	B	0.01%
SSNC	A	0.01%
CWST	B	0.01%
UI	A	0.01%
HSIC	B	0.01%
BSY	D	0.01%
DLB	B	0.01%
MTCH	F	0.01%
J	F	0.01%
KBR	F	0.01%
VNT	C	0.01%
AVTR	F	0.01%
BROS	B	0.01%
PARA	C	0.01%
OGN	F	0.01%
APPF	B	0.01%
USFD	A	0.01%
BOKF	B	0.01%
XP	F	0.01%
CRL	C	0.01%
SRPT	F	0.01%
BECN	B	0.01%
RYAN	A	0.01%
LEVI	F	0.01%
RBLX	C	0.01%
TTEK	F	0.01%
MARA	C	0.01%
LUMN	C	0.01%
MTSI	B	0.01%
VVV	F	0.01%
BERY	B	0.01%
WEX	F	0.01%
BIO	D	0.01%
MGM	F	0.01%
MIDD	B	0.01%
SPSC	C	0.01%
CRDO	B	0.01%
AN	B	0.01%
BCPC	B	0.01%
AZEK	B	0.01%
WSC	D	0.01%
WTS	B	0.01%
NFG	B	0.01%
VKTX	F	0.01%
SITE	C	0.01%
ENPH	F	0.01%
SMAR	A	0.01%
GKOS	B	0.01%
ZWS	A	0.01%
WING	F	0.01%
MDGL	B	0.01%
PLNT	B	0.01%
PFSI	C	0.01%
AL	A	0.01%
ELAN	F	0.01%
IOT	B	0.01%
DVA	B	0.01%
FIVE	D	0.01%
LANC	C	0.01%
THO	B	0.01%
WH	A	0.01%
CGNX	C	0.01%
ITCI	C	0.01%
CR	B	0.01%
PCTY	B	0.01%
PBF	D	0.01%
SM	C	0.01%
S	B	0.01%
NVST	C	0.0%
PJT	B	0.0%
STEP	B	0.0%
WOLF	F	0.0%
CRSP	C	0.0%
RARE	F	0.0%
AGL	F	0.0%
EMBC	C	0.0%
RDNT	C	0.0%
HIMS	A	0.0%
KLG	C	0.0%
ACIW	B	0.0%
SEDG	F	0.0%
UPST	B	0.0%
TPG	B	0.0%
COTY	F	0.0%
CNXC	F	0.0%
FG	B	0.0%
IMVT	F	0.0%
DXC	B	0.0%
SPB	C	0.0%
QTWO	A	0.0%
TXG	F	0.0%
SIRI	C	0.0%
RKLB	B	0.0%
SAM	C	0.0%
FFIN	B	0.0%
RNA	D	0.0%
UGI	A	0.0%
BRZE	C	0.0%
BBIO	D	0.0%
UHAL	D	0.0%
PIPR	A	0.0%
APLS	D	0.0%
IPGP	D	0.0%
UMBF	B	0.0%
INFA	D	0.0%
CRVL	B	0.0%
PLUG	D	0.0%
ALKS	B	0.0%
FIZZ	B	0.0%
ZI	C	0.0%
RDN	C	0.0%
TDC	D	0.0%
CAR	C	0.0%
HCP	B	0.0%
CWEN	C	0.0%
FNB	B	0.0%
GBCI	B	0.0%
EEFT	B	0.0%
WK	B	0.0%
TENB	C	0.0%
SNDR	B	0.0%
ALIT	C	0.0%
FLO	C	0.0%
ST	F	0.0%
FRHC	B	0.0%
OPCH	F	0.0%
LBRDA	C	0.0%
NFE	D	0.0%
BIRK	C	0.0%
W	D	0.0%
MMS	F	0.0%
INSP	D	0.0%
ESI	B	0.0%
CZR	D	0.0%
OWL	B	0.0%
AMG	B	0.0%
ETSY	D	0.0%
ACT	C	0.0%
POST	B	0.0%
TMDX	F	0.0%
SAIC	F	0.0%
BFAM	F	0.0%
HRI	B	0.0%
REYN	D	0.0%
XRAY	F	0.0%
CNA	B	0.0%
NUVL	D	0.0%
DAY	A	0.0%
ALGM	D	0.0%
COLB	B	0.0%
RBRK	B	0.0%
SLGN	A	0.0%
RH	B	0.0%
LYFT	C	0.0%
SNAP	C	0.0%
BPMC	C	0.0%
APG	B	0.0%
GFS	C	0.0%

AVLC Underweight 65 Positions Relative to BLV

Symbol	Grade	Weight
WIT	A	-1.44%
WY	D	-0.04%
SCCO	F	-0.03%
BHP	F	-0.03%
TEL	B	-0.02%
OHI	D	-0.02%
BHF	B	-0.02%
WU	D	-0.02%
BABA	D	-0.02%
GSK	F	-0.02%
CPT	B	-0.01%
VTR	D	-0.01%
WPC	D	-0.01%
PECO	B	-0.01%
DOC	C	-0.01%
ADC	B	-0.01%
AAT	B	-0.01%
HIW	D	-0.01%
JD	D	-0.01%
FRT	A	-0.01%
REG	B	-0.01%
AVA	B	-0.01%
CHI	A	-0.01%
UDR	B	-0.01%
EXR	C	-0.01%
OPI	F	-0.01%
PDM	D	-0.01%
MAA	B	-0.01%
LXP	D	-0.01%
KRC	C	-0.01%
KSS	F	-0.01%
WELL	C	-0.01%
WEST	C	-0.01%
NYC	D	-0.01%
NWE	A	-0.01%
KIM	A	-0.01%
EQIX	A	-0.01%
COO	D	-0.01%
SBRA	B	-0.01%
NNN	D	-0.01%
HOG	F	-0.01%
ESS	B	-0.01%
EE	B	-0.01%
AVB	B	-0.01%
ARE	D	-0.01%
CTS	B	-0.01%
EQR	B	-0.01%
OGS	A	-0.01%
O	D	-0.01%
PLD	D	-0.01%
BKH	B	-0.01%
CCI	D	-0.01%
CP	D	-0.01%
JBLU	F	-0.01%
PAA	B	-0.01%
EQNR	D	-0.01%
KOF	F	-0.01%
AMT	D	-0.01%
MUFG	B	-0.01%
SPG	C	-0.01%
ET	B	-0.01%
EPD	B	-0.01%
MPLX	B	-0.01%
VOD	D	-0.01%
HSBC	B	-0.01%