AVLC vs. CDEI ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

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

$68.99

Average Daily Volume

18,947

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI 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 large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.72

Average Daily Volume

450

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	CDEI
30 Days	3.03%	1.24%
60 Days	7.23%	5.54%
90 Days	8.29%	7.24%
12 Months	33.04%	27.71%

345 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in CDEI	Overlap
	A	F	0.06%	0.12%	0.06%
	AAON	B	0.04%	0.02%	0.02%
	AAPL	C	5.32%	10.43%	5.32%
	ABBV	F	0.45%	1.07%	0.45%
	ABT	C	0.2%	0.6%	0.2%
	ACGL	C	0.14%	0.11%	0.11%
	ACM	B	0.02%	0.04%	0.02%
	ACN	B	0.31%	0.68%	0.31%
	ADBE	C	0.31%	0.67%	0.31%
	ADI	D	0.16%	0.34%	0.16%
	ADP	A	0.36%	0.37%	0.36%
	ADSK	B	0.09%	0.2%	0.09%
	AES	F	0.06%	0.03%	0.03%
	AFG	A	0.06%	0.03%	0.03%
	AGR	C	0.01%	0.01%	0.01%
	AIG	B	0.21%	0.15%	0.15%
	AIT	A	0.05%	0.03%	0.03%
	AKAM	F	0.04%	0.05%	0.04%
	ALGN	D	0.04%	0.05%	0.04%
	ALK	A	0.03%	0.02%	0.02%
	ALL	B	0.19%	0.15%	0.15%
	ALLE	D	0.02%	0.04%	0.02%
	ALNY	D	0.04%	0.1%	0.04%
	AMCR	D	0.02%	0.04%	0.02%
	AMD	F	0.34%	0.73%	0.34%
	AMGN	F	0.21%	0.52%	0.21%
	AMP	A	0.26%	0.16%	0.16%
	ANET	C	0.17%	0.33%	0.17%
	ANSS	B	0.04%	0.09%	0.04%
	AON	B	0.09%	0.24%	0.09%
	APH	B	0.13%	0.27%	0.13%
	APPF	B	0.01%	0.02%	0.01%
	APTV	F	0.04%	0.04%	0.04%
	ATI	F	0.06%	0.02%	0.02%
	AVGO	C	1.18%	2.53%	1.18%
	AVTR	F	0.01%	0.05%	0.01%
	AWI	B	0.04%	0.02%	0.02%
	AWK	D	0.03%	0.08%	0.03%
	AXP	B	0.4%	0.49%	0.4%
	AZEK	B	0.01%	0.02%	0.01%
	BAC	A	0.41%	0.92%	0.41%
	BAH	C	0.03%	0.07%	0.03%
	BAX	F	0.02%	0.06%	0.02%
	BBWI	C	0.01%	0.02%	0.01%
	BBY	C	0.12%	0.05%	0.05%
	BC	D	0.02%	0.02%	0.02%
	BCPC	B	0.01%	0.02%	0.01%
	BDX	F	0.05%	0.2%	0.05%
	BIIB	F	0.03%	0.08%	0.03%
	BILL	B	0.01%	0.02%	0.01%
	BIO	C	0.01%	0.02%	0.01%
	BK	B	0.18%	0.17%	0.17%
	BKNG	A	0.13%	0.51%	0.13%
	BKR	B	0.18%	0.13%	0.13%
	BLD	F	0.03%	0.03%	0.03%
	BMI	B	0.02%	0.02%	0.02%
	BMY	B	0.17%	0.33%	0.17%
	BPMC	C	0.01%	0.02%	0.01%
	BR	A	0.04%	0.08%	0.04%
	BSX	A	0.12%	0.38%	0.12%
	BURL	C	0.11%	0.05%	0.05%
	BWA	B	0.05%	0.02%	0.02%
	C	B	0.22%	0.39%	0.22%
	CADE	B	0.02%	0.02%	0.02%
	CAG	F	0.01%	0.04%	0.01%
	CARR	C	0.06%	0.19%	0.06%
	CASY	B	0.08%	0.05%	0.05%
	CBOE	D	0.03%	0.06%	0.03%
	CCK	D	0.02%	0.03%	0.02%
	CELH	F	0.02%	0.02%	0.02%
	CFG	B	0.08%	0.06%	0.06%
	CFR	B	0.04%	0.02%	0.02%
	CHH	B	0.02%	0.01%	0.01%
	CI	D	0.07%	0.27%	0.07%
	CIEN	B	0.03%	0.03%	0.03%
	CL	F	0.18%	0.22%	0.18%
	CLH	B	0.04%	0.04%	0.04%
	CLX	A	0.06%	0.06%	0.06%
	CMA	A	0.06%	0.03%	0.03%
	CMCSA	B	0.38%	0.51%	0.38%
	CME	B	0.11%	0.24%	0.11%
	CMI	A	0.2%	0.14%	0.14%
	CMS	D	0.06%	0.06%	0.06%
	CNC	F	0.08%	0.1%	0.08%
	COF	B	0.23%	0.21%	0.21%
	COOP	B	0.02%	0.02%	0.02%
	CPRT	A	0.09%	0.15%	0.09%
	CRM	B	0.4%	0.87%	0.4%
	CROX	F	0.05%	0.02%	0.02%
	CRUS	F	0.04%	0.02%	0.02%
	CRWD	B	0.1%	0.23%	0.1%
	CSCO	A	0.3%	0.7%	0.3%
	CSGP	F	0.04%	0.09%	0.04%
	CVLT	B	0.03%	0.02%	0.02%
	CVS	F	0.05%	0.22%	0.05%
	CWEN	D	0.0%	0.01%	0.0%
	CWEN	D	0.01%	0.01%	0.01%
	DAL	A	0.22%	0.12%	0.12%
	DAY	B	0.0%	0.04%	0.0%
	DBX	B	0.01%	0.02%	0.01%
	DE	D	0.32%	0.31%	0.31%
	DECK	B	0.16%	0.08%	0.08%
	DELL	C	0.06%	0.12%	0.06%
	DFS	B	0.08%	0.13%	0.08%
	DG	F	0.06%	0.05%	0.05%
	DHR	F	0.13%	0.49%	0.13%
	DIS	B	0.17%	0.54%	0.17%
	DKS	D	0.08%	0.03%	0.03%
	DLTR	F	0.07%	0.04%	0.04%
	DOCU	B	0.05%	0.05%	0.05%
	DT	C	0.02%	0.04%	0.02%
	DTE	D	0.07%	0.07%	0.07%
	EA	A	0.06%	0.12%	0.06%
	EBAY	C	0.14%	0.09%	0.09%
	ECL	C	0.06%	0.19%	0.06%
	EFX	F	0.02%	0.1%	0.02%
	EL	F	0.02%	0.05%	0.02%
	ELAN	C	0.01%	0.02%	0.01%
	ELV	F	0.14%	0.3%	0.14%
	EME	B	0.15%	0.07%	0.07%
	EMR	A	0.05%	0.22%	0.05%
	EPAM	B	0.04%	0.04%	0.04%
	EQH	B	0.09%	0.05%	0.05%
	ES	D	0.02%	0.07%	0.02%
	ETN	B	0.14%	0.43%	0.14%
	ETSY	D	0.0%	0.02%	0.0%
	EW	F	0.08%	0.12%	0.08%
	EWBC	B	0.08%	0.04%	0.04%
	EXC	C	0.1%	0.11%	0.1%
	EXLS	B	0.02%	0.02%	0.02%
	EXPD	C	0.09%	0.05%	0.05%
	FAF	C	0.03%	0.02%	0.02%
	FAST	B	0.2%	0.14%	0.14%
	FBIN	F	0.02%	0.03%	0.02%
	FCN	F	0.02%	0.02%	0.02%
	FDX	B	0.25%	0.19%	0.19%
	FI	A	0.07%	0.36%	0.07%
	FICO	B	0.07%	0.16%	0.07%
	FIS	B	0.06%	0.14%	0.06%
	FITB	A	0.13%	0.09%	0.09%
	FLO	F	0.0%	0.01%	0.0%
	FMC	F	0.04%	0.02%	0.02%
	FSLR	F	0.11%	0.06%	0.06%
	FTV	C	0.01%	0.08%	0.01%
	G	B	0.02%	0.02%	0.02%
	GILD	B	0.38%	0.37%	0.37%
	GIS	F	0.03%	0.11%	0.03%
	GL	B	0.06%	0.03%	0.03%
	GOOGL	C	1.59%	6.05%	1.59%
	GPK	D	0.06%	0.03%	0.03%
	GTLS	B	0.01%	0.02%	0.01%
	H	B	0.01%	0.02%	0.01%
	HALO	C	0.03%	0.02%	0.02%
	HBAN	A	0.11%	0.08%	0.08%
	HD	B	0.56%	1.2%	0.56%
	HIG	C	0.19%	0.1%	0.1%
	HLT	A	0.05%	0.18%	0.05%
	HOLX	D	0.03%	0.05%	0.03%
	HPE	B	0.08%	0.08%	0.08%
	HPQ	B	0.05%	0.11%	0.05%
	HQY	B	0.01%	0.02%	0.01%
	HSIC	F	0.01%	0.03%	0.01%
	HSY	F	0.09%	0.08%	0.08%
	HUBS	B	0.05%	0.1%	0.05%
	IBM	D	0.27%	0.59%	0.27%
	ICE	C	0.07%	0.27%	0.07%
	IDA	A	0.01%	0.02%	0.01%
	IDXX	F	0.11%	0.11%	0.11%
	IEX	B	0.03%	0.05%	0.03%
	IFF	F	0.06%	0.06%	0.06%
	INSP	F	0.0%	0.02%	0.0%
	INTC	C	0.17%	0.34%	0.17%
	INTU	A	0.26%	0.56%	0.26%
	IPG	F	0.01%	0.03%	0.01%
	IQV	F	0.04%	0.12%	0.04%
	IR	A	0.05%	0.13%	0.05%
	IT	B	0.09%	0.12%	0.09%
	ITT	A	0.04%	0.04%	0.04%
	JCI	A	0.04%	0.16%	0.04%
	JEF	B	0.08%	0.03%	0.03%
	JHG	A	0.02%	0.02%	0.02%
	JKHY	C	0.04%	0.04%	0.04%
	JLL	C	0.05%	0.04%	0.04%
	JNPR	D	0.02%	0.04%	0.02%
	JPM	A	1.17%	2.02%	1.17%
	K	A	0.03%	0.06%	0.03%
	KDP	C	0.05%	0.1%	0.05%
	KEY	B	0.06%	0.05%	0.05%
	KMB	D	0.14%	0.13%	0.13%
	KO	F	0.4%	0.74%	0.4%
	KR	A	0.2%	0.13%	0.13%
	LEA	F	0.03%	0.02%	0.02%
	LECO	C	0.06%	0.04%	0.04%
	LLY	F	0.78%	2.05%	0.78%
	LNC	B	0.01%	0.02%	0.01%
	LNT	C	0.03%	0.04%	0.03%
	LOW	B	0.12%	0.46%	0.12%
	LPLA	A	0.1%	0.07%	0.07%
	LRCX	F	0.37%	0.31%	0.31%
	LYFT	B	0.01%	0.02%	0.01%
	M	C	0.02%	0.01%	0.01%
	MA	B	0.65%	1.29%	0.65%
	MAR	A	0.05%	0.2%	0.05%
	MAS	D	0.02%	0.05%	0.02%
	MAT	C	0.03%	0.02%	0.02%
	MCO	C	0.1%	0.22%	0.1%
	MDLZ	F	0.09%	0.26%	0.09%
	MDT	D	0.12%	0.34%	0.12%
	MEDP	D	0.02%	0.03%	0.02%
	MET	C	0.2%	0.14%	0.14%
	MIDD	D	0.01%	0.02%	0.01%
	MKSI	C	0.01%	0.02%	0.01%
	MKTX	C	0.05%	0.03%	0.03%
	MMC	D	0.09%	0.33%	0.09%
	MMS	F	0.0%	0.02%	0.0%
	MORN	B	0.01%	0.03%	0.01%
	MOS	D	0.05%	0.03%	0.03%
	MRK	F	0.33%	0.77%	0.33%
	MRNA	F	0.03%	0.05%	0.03%
	MSFT	C	4.41%	9.4%	4.41%
	MSI	B	0.21%	0.24%	0.21%
	MTG	C	0.04%	0.02%	0.02%
	MTH	D	0.02%	0.02%	0.02%
	MTN	C	0.01%	0.02%	0.01%
	MU	D	0.2%	0.38%	0.2%
	NDAQ	B	0.02%	0.1%	0.02%
	NEE	D	0.07%	0.46%	0.07%
	NFLX	A	0.47%	1.03%	0.47%
	NOW	A	0.29%	0.63%	0.29%
	NRG	C	0.06%	0.06%	0.06%
	NTAP	D	0.07%	0.08%	0.07%
	NTNX	B	0.02%	0.05%	0.02%
	NTRS	A	0.11%	0.06%	0.06%
	NVDA	A	4.93%	10.58%	4.93%
	NVT	C	0.02%	0.04%	0.02%
	OC	A	0.1%	0.05%	0.05%
	OGN	F	0.01%	0.01%	0.01%
	OMC	A	0.02%	0.06%	0.02%
	ON	F	0.13%	0.09%	0.09%
	ONB	B	0.03%	0.02%	0.02%
	ORI	A	0.04%	0.03%	0.03%
	OTIS	D	0.04%	0.12%	0.04%
	PANW	B	0.18%	0.37%	0.18%
	PARA	B	0.01%	0.02%	0.01%
	PAYC	B	0.07%	0.03%	0.03%
	PCTY	B	0.02%	0.03%	0.02%
	PEG	C	0.09%	0.13%	0.09%
	PEN	C	0.01%	0.03%	0.01%
	PEP	D	0.27%	0.68%	0.27%
	PFE	F	0.15%	0.47%	0.15%
	PFG	C	0.09%	0.06%	0.06%
	PFGC	B	0.06%	0.04%	0.04%
	PH	A	0.09%	0.27%	0.09%
	PINS	F	0.02%	0.06%	0.02%
	PODD	B	0.03%	0.05%	0.03%
	POOL	D	0.08%	0.04%	0.04%
	PRI	B	0.07%	0.03%	0.03%
	PRU	B	0.18%	0.13%	0.13%
	PVH	C	0.03%	0.02%	0.02%
	PWR	B	0.09%	0.14%	0.09%
	PYPL	A	0.3%	0.25%	0.25%
	QCOM	F	0.52%	0.58%	0.52%
	RDN	C	0.0%	0.02%	0.0%
	REGN	F	0.14%	0.27%	0.14%
	RF	A	0.08%	0.07%	0.07%
	RGA	A	0.07%	0.04%	0.04%
	RHI	B	0.05%	0.02%	0.02%
	RJF	A	0.11%	0.09%	0.09%
	RNR	D	0.08%	0.04%	0.04%
	ROK	B	0.04%	0.1%	0.04%
	RPRX	F	0.03%	0.03%	0.03%
	RSG	B	0.03%	0.13%	0.03%
	SAIC	D	0.0%	0.02%	0.0%
	SBUX	B	0.09%	0.32%	0.09%
	SCHW	B	0.2%	0.33%	0.2%
	SCI	B	0.03%	0.04%	0.03%
	SJM	F	0.01%	0.04%	0.01%
	SKX	F	0.05%	0.03%	0.03%
	SLGN	B	0.0%	0.01%	0.0%
	SNV	B	0.03%	0.02%	0.02%
	SNX	C	0.04%	0.03%	0.03%
	SOFI	B	0.04%	0.04%	0.04%
	SON	F	0.02%	0.01%	0.01%
	SPGI	C	0.09%	0.47%	0.09%
	SRE	B	0.07%	0.17%	0.07%
	STE	D	0.04%	0.06%	0.04%
	STX	D	0.03%	0.07%	0.03%
	SUM	B	0.01%	0.02%	0.01%
	SWK	F	0.02%	0.04%	0.02%
	SWX	B	0.02%	0.01%	0.01%
	SYF	B	0.15%	0.08%	0.08%
	SYK	A	0.11%	0.4%	0.11%
	SYY	D	0.07%	0.11%	0.07%
	T	A	0.42%	0.48%	0.42%
	TEAM	B	0.05%	0.11%	0.05%
	TENB	C	0.0%	0.01%	0.0%
	TER	F	0.05%	0.05%	0.05%
	TFC	B	0.19%	0.19%	0.19%
	TGT	C	0.28%	0.21%	0.21%
	THO	B	0.01%	0.02%	0.01%
	TJX	A	0.43%	0.4%	0.4%
	TMO	F	0.15%	0.64%	0.15%
	TMUS	A	0.3%	0.34%	0.3%
	TNET	C	0.01%	0.01%	0.01%
	TPX	B	0.02%	0.03%	0.02%
	TREX	C	0.04%	0.02%	0.02%
	TRMB	B	0.02%	0.05%	0.02%
	TRV	B	0.26%	0.17%	0.17%
	TSCO	D	0.18%	0.09%	0.09%
	TT	B	0.13%	0.27%	0.13%
	TTC	F	0.03%	0.03%	0.03%
	TTD	B	0.06%	0.18%	0.06%
	TTEK	F	0.01%	0.04%	0.01%
	TW	B	0.02%	0.05%	0.02%
	TWLO	B	0.03%	0.05%	0.03%
	TXRH	A	0.09%	0.04%	0.04%
	TYL	B	0.04%	0.08%	0.04%
	UNH	B	0.36%	1.68%	0.36%
	UNM	A	0.05%	0.04%	0.04%
	UNP	D	0.48%	0.44%	0.44%
	USB	B	0.22%	0.23%	0.22%
	USFD	B	0.01%	0.05%	0.01%
	V	A	0.58%	1.54%	0.58%
	VEEV	B	0.05%	0.1%	0.05%
	VFC	C	0.04%	0.02%	0.02%
	VRSN	C	0.02%	0.05%	0.02%
	VRTX	B	0.25%	0.39%	0.25%
	VZ	D	0.44%	0.51%	0.44%
	WAB	B	0.04%	0.1%	0.04%
	WAT	B	0.05%	0.07%	0.05%
	WDC	D	0.03%	0.07%	0.03%
	WHR	B	0.0%	0.02%	0.0%
	WM	A	0.12%	0.27%	0.12%
	WMT	A	0.63%	1.1%	0.63%
	WSO	B	0.05%	0.05%	0.05%
	WST	B	0.05%	0.07%	0.05%
	WTFC	B	0.05%	0.02%	0.02%
	XEL	A	0.11%	0.11%	0.11%
	XPO	B	0.04%	0.05%	0.04%
	XYL	F	0.04%	0.09%	0.04%
	YUM	B	0.04%	0.12%	0.04%
	Z	B	0.02%	0.04%	0.02%
	ZBRA	B	0.03%	0.06%	0.03%
	ZION	B	0.05%	0.03%	0.03%
	ZTS	D	0.2%	0.24%	0.2%

AVLC Overweight 630 Positions Relative to CDEI

	Symbol	Grade	Weight
	AMZN	A	2.98%
	META	B	2.31%
	GOOG	C	1.32%
	XOM	B	1.04%
	COST	B	0.93%
	TSLA	B	0.7%
	BRK.A	B	0.66%
	CVX	A	0.63%
	JNJ	D	0.6%
	CAT	B	0.55%
	WFC	A	0.53%
	PGR	A	0.45%
	GS	B	0.43%
	ORCL	A	0.42%
	PG	C	0.39%
	AMAT	F	0.38%
	COP	C	0.38%
	MELI	D	0.36%
	MS	A	0.34%
	WMB	B	0.29%
	GM	B	0.29%
	TXN	B	0.28%
	EOG	A	0.28%
	CSX	B	0.26%
	TRGP	B	0.26%
	RCL	A	0.26%
	PCAR	B	0.24%
	GWW	B	0.23%
	CMG	B	0.23%
	PNC	B	0.22%
	ROST	D	0.22%
	MPC	D	0.22%
	APD	B	0.22%
	CB	C	0.22%
	KLAC	F	0.22%
	NSC	B	0.22%
	LNG	B	0.22%
	LMT	D	0.22%
	FCX	F	0.21%
	LIN	D	0.21%
	F	C	0.2%
	URI	B	0.2%
	AFL	C	0.19%
	PSX	C	0.19%
	MMM	C	0.19%
	UPS	C	0.19%
	HES	B	0.19%
	GE	D	0.19%
	OKE	A	0.19%
	FTNT	B	0.19%
	LEN	D	0.18%
	PM	B	0.18%
	UAL	A	0.18%
	NUE	D	0.17%
	PAYX	B	0.17%
	NKE	F	0.17%
	FANG	C	0.17%
	ISRG	A	0.17%
	MCD	C	0.16%
	RTX	D	0.16%
	APO	B	0.16%
	DUK	D	0.16%
	PLTR	B	0.16%
	VLO	C	0.16%
	LULU	B	0.15%
	OXY	F	0.15%
	DOW	F	0.15%
	KKR	B	0.15%
	SHW	A	0.14%
	GEV	B	0.14%
	DVN	F	0.14%
	AEP	D	0.14%
	HON	B	0.14%
	APP	B	0.14%
	MLM	B	0.14%
	ODFL	B	0.14%
	VRT	B	0.13%
	HAL	C	0.13%
	STLD	C	0.13%
	CSL	B	0.13%
	PCG	A	0.13%
	TPL	B	0.13%
	IP	B	0.13%
	CDNS	B	0.12%
	LYB	F	0.12%
	ETR	B	0.12%
	CPNG	B	0.12%
	SNPS	C	0.12%
	WSM	F	0.12%
	MKL	A	0.12%
	FCNCA	B	0.12%
	VRSK	A	0.12%
	PHM	D	0.12%
	PKG	B	0.12%
	ITW	B	0.12%
	CEG	D	0.12%
	CTSH	A	0.12%
	CCL	B	0.12%
	VST	B	0.12%
	SO	D	0.12%
	DHI	D	0.12%
	JBL	C	0.11%
	MRO	B	0.11%
	ADM	F	0.11%
	ULTA	C	0.11%
	MRVL	B	0.11%
	MTB	A	0.11%
	SFM	B	0.11%
	CTAS	B	0.11%
	CTRA	B	0.1%
	DRI	B	0.1%
	LII	B	0.1%
	UBER	F	0.1%
	TROW	A	0.1%
	RPM	A	0.1%
	STT	B	0.1%
	FIX	B	0.1%
	UTHR	B	0.1%
	KMI	B	0.1%
	NVR	D	0.1%
	SW	B	0.1%
	BX	A	0.1%
	FLEX	B	0.1%
	EQT	B	0.1%
	ED	D	0.09%
	VTRS	B	0.09%
	CVNA	B	0.09%
	ROP	A	0.09%
	SLB	C	0.09%
	LVS	C	0.09%
	COR	B	0.09%
	EIX	C	0.09%
	GLW	B	0.09%
	CF	B	0.09%
	GRMN	A	0.09%
	WDAY	B	0.08%
	EXP	B	0.08%
	AEE	B	0.08%
	LUV	B	0.08%
	JBHT	C	0.08%
	ABNB	C	0.08%
	SNA	A	0.08%
	BG	D	0.08%
	BJ	B	0.08%
	FNF	C	0.08%
	TPR	A	0.08%
	NXPI	F	0.08%
	CTVA	C	0.08%
	MO	A	0.08%
	NCLH	B	0.08%
	FTI	B	0.08%
	DD	D	0.07%
	CINF	A	0.07%
	KEYS	C	0.07%
	L	A	0.07%
	MCK	B	0.07%
	ORLY	A	0.07%
	WCC	B	0.07%
	WRB	B	0.07%
	SAIA	B	0.07%
	PPL	A	0.07%
	MUSA	B	0.07%
	MSTR	B	0.07%
	INGR	B	0.07%
	JXN	C	0.07%
	WMS	F	0.07%
	TOL	B	0.07%
	TDG	D	0.07%
	MLI	B	0.07%
	BLDR	C	0.07%
	SWKS	F	0.07%
	COIN	B	0.07%
	GDDY	B	0.07%
	MOH	F	0.07%
	EG	D	0.07%
	RS	C	0.07%
	OVV	C	0.07%
	RMD	C	0.07%
	CRBG	C	0.06%
	HCA	D	0.06%
	COKE	C	0.06%
	WAL	B	0.06%
	PR	C	0.06%
	BWXT	B	0.06%
	VLTO	D	0.06%
	LNTH	F	0.06%
	KVUE	A	0.06%
	MPWR	F	0.06%
	SQ	B	0.06%
	RL	B	0.06%
	GNRC	B	0.06%
	ALLY	C	0.06%
	MANH	C	0.06%
	UHS	D	0.06%
	GPC	D	0.06%
	SPOT	A	0.06%
	DASH	A	0.06%
	DCI	A	0.06%
	BALL	D	0.06%
	LPX	A	0.06%
	ANF	C	0.06%
	CBRE	B	0.06%
	BA	F	0.06%
	VMI	B	0.05%
	AZO	B	0.05%
	ENSG	C	0.05%
	MHK	D	0.05%
	WBS	A	0.05%
	EMN	D	0.05%
	NOC	D	0.05%
	AJG	A	0.05%
	PNW	A	0.05%
	ATO	B	0.05%
	SNOW	C	0.05%
	CHD	A	0.05%
	MTDR	B	0.05%
	ZBH	C	0.05%
	HUM	D	0.05%
	GD	C	0.05%
	WFRD	F	0.05%
	KHC	F	0.05%
	VMC	B	0.05%
	KMX	B	0.05%
	EVRG	A	0.05%
	D	D	0.05%
	AIZ	A	0.05%
	STZ	D	0.05%
	ALV	C	0.05%
	HOOD	B	0.05%
	HWM	B	0.05%
	AME	A	0.05%
	CBT	C	0.05%
	ARW	F	0.05%
	TXT	D	0.05%
	KNSL	C	0.05%
	GGG	B	0.05%
	R	B	0.05%
	AXS	A	0.05%
	DDOG	B	0.05%
	PPG	F	0.05%
	FYBR	D	0.05%
	UFPI	B	0.05%
	CHRD	D	0.05%
	FND	F	0.05%
	CHTR	B	0.05%
	CDW	F	0.05%
	MCHP	F	0.05%
	ATR	A	0.05%
	CIVI	D	0.04%
	AA	C	0.04%
	KEX	A	0.04%
	CPAY	A	0.04%
	EVR	B	0.04%
	NBIX	C	0.04%
	AOS	F	0.04%
	SSD	F	0.04%
	KNX	C	0.04%
	DINO	D	0.04%
	HRB	D	0.04%
	LH	B	0.04%
	AGCO	F	0.04%
	HUBB	C	0.04%
	CLF	F	0.04%
	CMC	B	0.04%
	ILMN	C	0.04%
	WCN	A	0.04%
	OGE	B	0.04%
	NET	B	0.04%
	JAZZ	B	0.04%
	HII	F	0.04%
	KD	A	0.04%
	FN	C	0.04%
	AXON	B	0.04%
	PSTG	D	0.04%
	NSIT	F	0.04%
	WEC	B	0.04%
	RRC	B	0.04%
	AXTA	A	0.04%
	FHN	A	0.04%
	TAP	B	0.04%
	CBSH	A	0.04%
	CRS	B	0.04%
	KBH	D	0.04%
	GAP	B	0.04%
	FDS	A	0.04%
	LSTR	B	0.04%
	EXPE	B	0.04%
	TSN	B	0.04%
	AYI	A	0.04%
	MSCI	B	0.04%
	ZM	B	0.04%
	SF	A	0.04%
	CHX	C	0.04%
	OMF	A	0.04%
	FOXA	A	0.04%
	DXCM	C	0.04%
	LAD	B	0.03%
	TFX	F	0.03%
	LDOS	C	0.03%
	ERIE	F	0.03%
	DY	C	0.03%
	GWRE	A	0.03%
	BCC	B	0.03%
	MOD	D	0.03%
	RLI	A	0.03%
	RIVN	F	0.03%
	GMED	B	0.03%
	WLK	F	0.03%
	DOX	C	0.03%
	ZS	B	0.03%
	IBP	F	0.03%
	ROL	C	0.03%
	COHR	C	0.03%
	FFIV	B	0.03%
	PEGA	B	0.03%
	TKR	F	0.03%
	ENLC	A	0.03%
	NWSA	B	0.03%
	MDB	C	0.03%
	OLN	F	0.03%
	NU	B	0.03%
	UHAL	D	0.03%
	HLNE	B	0.03%
	CTLT	D	0.03%
	LHX	B	0.03%
	NYT	C	0.03%
	VOYA	B	0.03%
	WWD	B	0.03%
	MTZ	B	0.03%
	EXPO	D	0.03%
	BMRN	F	0.03%
	GNTX	C	0.03%
	ESNT	D	0.03%
	TTWO	A	0.03%
	SATS	D	0.03%
	EHC	B	0.03%
	CAH	B	0.03%
	MUR	D	0.03%
	AM	B	0.03%
	X	D	0.03%
	AR	B	0.03%
	SEIC	A	0.03%
	PTC	B	0.03%
	EXEL	B	0.03%
	DOV	A	0.03%
	CW	C	0.03%
	BPOP	C	0.03%
	INCY	B	0.03%
	RGLD	C	0.03%
	TDY	B	0.03%
	WBD	B	0.03%
	PNFP	B	0.03%
	SSB	B	0.03%
	GEHC	D	0.03%
	MNST	B	0.03%
	MTD	F	0.03%
	APA	F	0.03%
	AVY	F	0.03%
	DTM	A	0.03%
	ITCI	B	0.02%
	LANC	C	0.02%
	FIVE	F	0.02%
	AUR	D	0.02%
	DPZ	C	0.02%
	ROIV	D	0.02%
	MSA	D	0.02%
	BRO	B	0.02%
	CGNX	C	0.02%
	FRPT	B	0.02%
	INSM	C	0.02%
	PPC	C	0.02%
	RBC	B	0.02%
	OKTA	C	0.02%
	DOCS	B	0.02%
	HRL	F	0.02%
	MDU	D	0.02%
	TOST	A	0.02%
	VKTX	F	0.02%
	AZN	F	0.02%
	TRU	D	0.02%
	ARMK	B	0.02%
	HOMB	A	0.02%
	LNW	F	0.02%
	ROKU	C	0.02%
	FSS	C	0.02%
	SMCI	F	0.02%
	OZK	B	0.02%
	ALSN	B	0.02%
	NTRA	B	0.02%
	DAR	B	0.02%
	WTW	A	0.02%
	QRVO	F	0.02%
	SIGI	B	0.02%
	HLI	B	0.02%
	NOV	C	0.02%
	HAS	D	0.02%
	GLOB	B	0.02%
	ARES	B	0.02%
	LYV	A	0.02%
	FE	D	0.02%
	FLS	B	0.02%
	CHE	D	0.02%
	ONTO	F	0.02%
	MMSI	B	0.02%
	SN	C	0.02%
	MOG.A	B	0.02%
	OLED	F	0.02%
	CNM	D	0.02%
	BRKR	F	0.02%
	TECH	D	0.02%
	CNP	B	0.02%
	FOX	A	0.02%
	OLLI	C	0.02%
	LW	B	0.02%
	LFUS	D	0.02%
	CSWI	B	0.02%
	CG	B	0.02%
	OSK	B	0.02%
	MGY	B	0.02%
	ENTG	F	0.02%
	FLR	C	0.02%
	HESM	C	0.02%
	QLYS	B	0.02%
	MASI	B	0.02%
	IVZ	B	0.02%
	RVTY	C	0.02%
	PCVX	D	0.02%
	THC	B	0.02%
	TMHC	B	0.02%
	NEM	F	0.02%
	RVMD	C	0.02%
	IBKR	A	0.02%
	PB	B	0.02%
	NI	A	0.02%
	CHDN	B	0.02%
	GME	C	0.02%
	LBRDK	C	0.02%
	AMKR	F	0.02%
	CHRW	A	0.02%
	AFRM	B	0.02%
	SEE	C	0.01%
	PAG	B	0.01%
	GFS	C	0.01%
	RMBS	C	0.01%
	NEU	C	0.01%
	IONS	F	0.01%
	SNAP	C	0.01%
	ZG	B	0.01%
	CFLT	B	0.01%
	CHWY	B	0.01%
	ADTN	B	0.01%
	SMMT	D	0.01%
	RRX	B	0.01%
	AAL	B	0.01%
	CYTK	C	0.01%
	RGEN	C	0.01%
	PI	D	0.01%
	NPAB	F	0.01%
	LCID	F	0.01%
	LEN	D	0.01%
	EXAS	F	0.01%
	VAL	D	0.01%
	VERX	B	0.01%
	DKNG	B	0.01%
	UI	B	0.01%
	ALTR	C	0.01%
	NOVT	C	0.01%
	CE	F	0.01%
	WYNN	C	0.01%
	CACC	D	0.01%
	U	F	0.01%
	WTRG	C	0.01%
	CPB	F	0.01%
	NDSN	B	0.01%
	PATH	C	0.01%
	GXO	B	0.01%
	TDW	F	0.01%
	BRBR	A	0.01%
	HEI	A	0.01%
	NWS	B	0.01%
	PCOR	B	0.01%
	ZETA	F	0.01%
	HXL	F	0.01%
	BROS	B	0.01%
	FOUR	B	0.01%
	AVAV	C	0.01%
	PSN	C	0.01%
	ESAB	B	0.01%
	DDS	B	0.01%
	ESTC	C	0.01%
	GTLB	B	0.01%
	DLB	D	0.01%
	ACHC	F	0.01%
	KRYS	C	0.01%
	CWST	B	0.01%
	NXST	C	0.01%
	SSNC	C	0.01%
	DUOL	A	0.01%
	MARA	B	0.01%
	LKQ	C	0.01%
	SOLV	C	0.01%
	VRNS	C	0.01%
	MTCH	F	0.01%
	CWAN	B	0.01%
	RRR	F	0.01%
	LSCC	D	0.01%
	BECN	B	0.01%
	GPN	B	0.01%
	BSY	F	0.01%
	BOKF	B	0.01%
	J	D	0.01%
	VNT	C	0.01%
	CACI	C	0.01%
	RYAN	B	0.01%
	ATKR	C	0.01%
	RBLX	B	0.01%
	BERY	D	0.01%
	KBR	D	0.01%
	SRPT	F	0.01%
	LEVI	F	0.01%
	NFG	D	0.01%
	BEN	C	0.01%
	DGX	B	0.01%
	MGM	D	0.01%
	WEX	D	0.01%
	CRL	C	0.01%
	XP	F	0.01%
	MTSI	B	0.01%
	BYD	A	0.01%
	AN	C	0.01%
	WTS	B	0.01%
	SPSC	F	0.01%
	PLNT	A	0.01%
	DVA	C	0.01%
	LUMN	C	0.01%
	GKOS	B	0.01%
	VVV	B	0.01%
	SMAR	A	0.01%
	ZWS	B	0.01%
	WING	D	0.01%
	AL	B	0.01%
	MKC	D	0.01%
	IOT	B	0.01%
	PFSI	D	0.01%
	ALB	C	0.01%
	SITE	D	0.01%
	PBF	F	0.01%
	SM	C	0.01%
	CR	B	0.01%
	WH	A	0.01%
	WSC	F	0.01%
	ENPH	F	0.01%
	MDGL	C	0.01%
	PNR	A	0.01%
	S	B	0.01%
	NVST	C	0.0%
	TPG	B	0.0%
	CRSP	D	0.0%
	WOLF	F	0.0%
	RARE	F	0.0%
	HIMS	C	0.0%
	EMBC	C	0.0%
	KLG	F	0.0%
	COTY	D	0.0%
	AGL	F	0.0%
	FG	B	0.0%
	SEDG	F	0.0%
	CNXC	F	0.0%
	FFIN	B	0.0%
	RNA	B	0.0%
	DXC	B	0.0%
	IMVT	D	0.0%
	SPB	A	0.0%
	SIRI	C	0.0%
	TXG	F	0.0%
	SAM	B	0.0%
	WBA	D	0.0%
	BRZE	C	0.0%
	UGI	D	0.0%
	CRVL	B	0.0%
	GBCI	B	0.0%
	AGO	B	0.0%
	BBIO	F	0.0%
	UHAL	D	0.0%
	APLS	F	0.0%
	IPGP	C	0.0%
	FNB	B	0.0%
	INFA	F	0.0%
	ALKS	C	0.0%
	FIZZ	C	0.0%
	PLUG	D	0.0%
	ZI	C	0.0%
	CAR	C	0.0%
	TDC	F	0.0%
	HCP	A	0.0%
	EEFT	C	0.0%
	HRI	C	0.0%
	SNDR	B	0.0%
	WK	B	0.0%
	ALIT	C	0.0%
	FRHC	A	0.0%
	ST	F	0.0%
	OPCH	F	0.0%
	LBRDA	C	0.0%
	W	F	0.0%
	NFE	F	0.0%
	BIRK	F	0.0%
	OWL	B	0.0%
	ESI	B	0.0%
	CRDO	C	0.0%
	CZR	F	0.0%
	AMG	B	0.0%
	ACT	C	0.0%
	COLB	A	0.0%
	POST	D	0.0%
	XRAY	F	0.0%
	REYN	D	0.0%
	TMDX	F	0.0%
	BFAM	F	0.0%
	CNA	C	0.0%
	RDDT	B	0.0%
	NUVL	D	0.0%
	ALGM	F	0.0%
	RBRK	B	0.0%
	TKO	D	0.0%
	RH	C	0.0%
	FLUT	A	0.0%
	HEI	A	0.0%
	ELF	C	0.0%
	APG	C	0.0%

AVLC Underweight 26 Positions Relative to CDEI

	Symbol	Grade	Weight
	AMT	F	-0.28%
	EQIX	B	-0.26%
	WELL	B	-0.25%
	DLR	C	-0.18%
	SPG	A	-0.17%
	O	D	-0.15%
	CCI	F	-0.14%
	VTR	C	-0.08%
	WY	F	-0.07%
	DOC	C	-0.05%
	KIM	A	-0.05%
	GEN	B	-0.05%
	ELS	B	-0.04%
	HST	D	-0.04%
	BRX	A	-0.03%
	REXR	F	-0.03%
	OHI	C	-0.03%
	CUBE	D	-0.03%
	GATX	B	-0.02%
	ITRI	B	-0.02%
	RHP	B	-0.02%
	NNN	F	-0.02%
	COLM	B	-0.01%
	ASH	F	-0.01%
	FELE	B	-0.01%
	POR	D	-0.01%

AVLC: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Banks - Regional - US Diversified Industrials Business Services Software - Infrastructure Asset Management Oil & Gas E&P Semiconductors Utilities - Regulated Electric Specialty Retail Diagnostics & Research Capital Markets Packaged Foods Information Technology Services Specialty Chemicals Aerospace & Defense Building Materials Insurance - Property & Casualty Medical Instruments & Supplies

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Banking Electronics Bank Chemical Aerospace Medicine Electricity Mining Telecommunications Semiconductor IBD 50 Dow Jones Component Insurance Products Biotechnology Building Materials

CDEI: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Business Services Diversified Industrials Utilities - Regulated Electric Medical Devices Credit Services Diagnostics & Research Drug Manufacturers - Major Semiconductors Biotechnology Building Materials Capital Markets Insurance - Life Software - Infrastructure Asset Management Communication Equipment Discount Stores Engineering & Construction Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Insurance Bank Banking Natural Gas Dow Jones Component Electricity Medicine Disability Telecommunications Electronics Investment Bank Chemical Cloud Computing Financial Products Real Estate Investment Trust Work From Home Beverage