AVLC vs. CLSE ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Convergence Long/Short Equity ETF (CLSE)

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

$69.27

Average Daily Volume

18,758

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$23.77

Average Daily Volume

64,331

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	CLSE
30 Days	2.83%	4.30%
60 Days	7.80%	10.45%
90 Days	9.13%	11.12%
12 Months	34.06%	40.17%

252 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in CLSE	Overlap
AA	C	0.04%	-0.15%	-0.15%
AAPL	C	5.32%	1.12%	1.12%
ABBV	D	0.45%	1.03%	0.45%
ABNB	C	0.08%	-0.27%	-0.27%
ADBE	C	0.31%	-0.51%	-0.51%
AES	F	0.06%	-0.08%	-0.08%
AFRM	B	0.02%	-0.31%	-0.31%
AGCO	F	0.04%	-0.15%	-0.15%
AGO	B	0.0%	-0.14%	-0.14%
AJG	A	0.05%	-0.17%	-0.17%
AL	B	0.01%	-0.17%	-0.17%
ALB	B	0.01%	-0.16%	-0.16%
ALGM	F	0.0%	-0.36%	-0.36%
ALIT	B	0.0%	-0.12%	-0.12%
ALL	A	0.19%	0.45%	0.19%
ALNY	D	0.04%	0.71%	0.04%
ALSN	A	0.02%	0.66%	0.02%
AMG	B	0.0%	0.9%	0.0%
AMZN	A	2.98%	2.42%	2.42%
ANET	C	0.17%	1.92%	0.17%
ANF	D	0.06%	0.11%	0.06%
APD	B	0.22%	-0.1%	-0.1%
APH	B	0.13%	0.67%	0.13%
APLS	F	0.0%	-0.31%	-0.31%
APO	B	0.16%	-0.35%	-0.35%
APP	B	0.14%	2.93%	0.14%
ATO	A	0.05%	-0.21%	-0.21%
AUR	D	0.02%	-0.27%	-0.27%
AVAV	C	0.01%	-0.15%	-0.15%
AVGO	C	1.18%	2.43%	1.18%
AWK	D	0.03%	-0.27%	-0.27%
BA	F	0.06%	-0.37%	-0.37%
BAC	A	0.41%	0.78%	0.41%
BAH	C	0.03%	0.17%	0.03%
BBIO	F	0.0%	-0.4%	-0.4%
BC	C	0.02%	-0.09%	-0.09%
BECN	B	0.01%	-0.13%	-0.13%
BEN	C	0.01%	-0.31%	-0.31%
BILL	A	0.01%	-0.29%	-0.29%
BIRK	F	0.0%	-0.17%	-0.17%
BKNG	A	0.13%	0.37%	0.13%
BMY	B	0.17%	1.28%	0.17%
BPOP	C	0.03%	-0.14%	-0.14%
BRKR	F	0.02%	-0.19%	-0.19%
BRZE	C	0.0%	-0.54%	-0.54%
C	A	0.22%	-0.17%	-0.17%
CACC	D	0.01%	-0.34%	-0.34%
CACI	C	0.01%	0.55%	0.01%
CAH	A	0.03%	0.76%	0.03%
CCL	A	0.12%	0.34%	0.12%
CELH	F	0.02%	-0.26%	-0.26%
CF	B	0.09%	0.36%	0.09%
CFLT	B	0.01%	-0.52%	-0.52%
CGNX	C	0.02%	-0.48%	-0.48%
CHDN	C	0.02%	-0.19%	-0.19%
CHRW	A	0.02%	0.58%	0.02%
CINF	A	0.07%	0.12%	0.07%
CNA	C	0.0%	0.44%	0.0%
CNC	F	0.08%	0.31%	0.08%
COHR	B	0.03%	-0.34%	-0.34%
COR	A	0.09%	0.75%	0.09%
COTY	F	0.0%	-0.16%	-0.16%
CPNG	B	0.12%	0.73%	0.12%
CRL	C	0.01%	-0.16%	-0.16%
CVLT	A	0.03%	1.49%	0.03%
CVNA	B	0.09%	1.88%	0.09%
CVS	F	0.05%	0.29%	0.05%
CYTK	C	0.01%	-0.44%	-0.44%
CZR	F	0.0%	-0.16%	-0.16%
DAR	B	0.02%	-0.16%	-0.16%
DAY	C	0.0%	-0.15%	-0.15%
DELL	B	0.06%	-0.55%	-0.55%
DG	F	0.06%	-0.36%	-0.36%
DLTR	F	0.07%	-0.38%	-0.38%
DOCU	B	0.05%	1.34%	0.05%
DUOL	B	0.01%	0.34%	0.01%
DVA	C	0.01%	0.75%	0.01%
DXCM	C	0.04%	-0.58%	-0.58%
EEFT	C	0.0%	0.22%	0.0%
EL	F	0.02%	-0.12%	-0.12%
ELF	C	0.0%	-0.24%	-0.24%
EME	B	0.15%	0.76%	0.15%
ENPH	F	0.01%	-0.12%	-0.12%
EQT	B	0.1%	-0.22%	-0.22%
ESTC	C	0.01%	-0.29%	-0.29%
EW	D	0.08%	-0.16%	-0.16%
EXAS	F	0.01%	-0.07%	-0.07%
EXP	B	0.08%	0.48%	0.08%
EXPD	D	0.09%	0.14%	0.09%
EXPE	B	0.04%	0.6%	0.04%
FCNCA	B	0.12%	-0.27%	-0.27%
FFIV	A	0.03%	0.44%	0.03%
FITB	A	0.13%	0.75%	0.13%
FIVE	F	0.02%	-0.51%	-0.51%
FLR	C	0.02%	0.58%	0.02%
FN	B	0.04%	0.14%	0.04%
FND	F	0.05%	-0.52%	-0.52%
FOUR	B	0.01%	-0.28%	-0.28%
FSLR	F	0.11%	-1.21%	-1.21%
FTI	B	0.08%	0.59%	0.08%
GDDY	A	0.07%	1.41%	0.07%
GE	C	0.19%	-0.48%	-0.48%
GILD	C	0.38%	1.11%	0.38%
GLW	C	0.09%	0.44%	0.09%
GM	A	0.29%	0.82%	0.29%
GNTX	C	0.03%	-0.09%	-0.09%
GOOG	B	1.32%	0.49%	0.49%
GOOGL	B	1.59%	3.45%	1.59%
GRMN	A	0.09%	0.13%	0.09%
GTLB	B	0.01%	-0.32%	-0.32%
GTLS	A	0.01%	-0.15%	-0.15%
HALO	B	0.03%	1.0%	0.03%
HD	B	0.56%	1.12%	0.56%
HPE	B	0.08%	1.96%	0.08%
HQY	B	0.01%	0.07%	0.01%
HSY	D	0.09%	-0.23%	-0.23%
IBM	C	0.27%	0.62%	0.27%
IBP	F	0.03%	0.26%	0.03%
ILMN	C	0.04%	0.1%	0.04%
INCY	B	0.03%	0.07%	0.03%
INSP	F	0.0%	-0.37%	-0.37%
INTC	C	0.17%	-0.99%	-0.99%
J	B	0.01%	0.35%	0.01%
JHG	B	0.02%	1.16%	0.02%
JLL	C	0.05%	0.2%	0.05%
JNJ	D	0.6%	0.84%	0.6%
JPM	B	1.17%	0.62%	0.62%
JXN	B	0.07%	0.62%	0.07%
KEY	B	0.06%	-0.25%	-0.25%
KNSL	C	0.05%	-0.17%	-0.17%
KR	A	0.2%	0.17%	0.17%
LDOS	B	0.03%	0.64%	0.03%
LKQ	D	0.01%	-0.17%	-0.17%
LNG	B	0.22%	0.93%	0.22%
LNTH	F	0.06%	0.05%	0.05%
LPLA	B	0.1%	-0.34%	-0.34%
LPX	B	0.06%	0.42%	0.06%
LRCX	F	0.37%	0.0%	0.0%
LSCC	D	0.01%	-0.76%	-0.76%
LW	C	0.02%	-0.26%	-0.26%
LYV	B	0.02%	-0.25%	-0.25%
MASI	B	0.02%	-0.18%	-0.18%
MCHP	F	0.05%	-0.48%	-0.48%
MDB	C	0.03%	-0.3%	-0.3%
MDGL	C	0.01%	-0.19%	-0.19%
MDT	D	0.12%	0.3%	0.12%
MET	C	0.2%	0.51%	0.2%
META	B	2.31%	3.33%	2.31%
MKL	A	0.12%	-0.13%	-0.13%
MKTX	C	0.05%	-0.3%	-0.3%
MLI	B	0.07%	0.87%	0.07%
MLM	B	0.14%	-0.14%	-0.14%
MNST	B	0.03%	-0.28%	-0.28%
MO	A	0.08%	0.76%	0.08%
MPC	D	0.22%	0.45%	0.22%
MPWR	F	0.06%	0.62%	0.06%
MRK	F	0.33%	0.15%	0.15%
MRNA	F	0.03%	-0.46%	-0.46%
MSCI	B	0.04%	-0.26%	-0.26%
MTN	D	0.01%	-0.16%	-0.16%
MTZ	B	0.03%	0.67%	0.03%
MU	D	0.2%	2.37%	0.2%
MUSA	B	0.07%	0.2%	0.07%
NDAQ	A	0.02%	-0.3%	-0.3%
NEM	F	0.02%	0.32%	0.02%
NFLX	A	0.47%	0.75%	0.47%
NRG	B	0.06%	0.74%	0.06%
NSC	B	0.22%	-0.11%	-0.11%
NTAP	D	0.07%	1.21%	0.07%
NTNX	B	0.02%	1.13%	0.02%
NTRA	B	0.02%	0.1%	0.02%
NTRS	A	0.11%	1.06%	0.11%
NVDA	B	4.93%	4.52%	4.52%
NVR	D	0.1%	0.25%	0.1%
NWS	B	0.01%	-0.47%	-0.47%
NXST	C	0.01%	-0.16%	-0.16%
ON	F	0.13%	-0.41%	-0.41%
ORCL	A	0.42%	1.33%	0.42%
OSK	B	0.02%	-0.16%	-0.16%
PATH	C	0.01%	-0.39%	-0.39%
PG	C	0.39%	0.44%	0.39%
PGR	A	0.45%	0.46%	0.45%
PINS	F	0.02%	-0.28%	-0.28%
PLTR	B	0.16%	0.9%	0.16%
PM	C	0.18%	0.42%	0.18%
PNC	B	0.22%	0.67%	0.22%
PNW	B	0.05%	0.48%	0.05%
POOL	D	0.08%	-0.58%	-0.58%
PPC	B	0.02%	0.9%	0.02%
PRU	B	0.18%	0.12%	0.12%
PYPL	A	0.3%	1.14%	0.3%
QCOM	F	0.52%	1.78%	0.52%
R	A	0.05%	0.37%	0.05%
RBLX	B	0.01%	-0.5%	-0.5%
RF	B	0.08%	0.67%	0.08%
RGA	A	0.07%	0.53%	0.07%
RGLD	C	0.03%	0.34%	0.03%
RH	C	0.0%	-0.49%	-0.49%
RIVN	D	0.03%	-0.41%	-0.41%
RMD	C	0.07%	0.43%	0.07%
RNR	D	0.08%	-0.16%	-0.16%
SAIA	B	0.07%	-0.22%	-0.22%
SATS	C	0.03%	-0.48%	-0.48%
SEE	C	0.01%	0.11%	0.01%
SEIC	A	0.03%	0.89%	0.03%
SITE	D	0.01%	-0.17%	-0.17%
SMCI	F	0.02%	-0.59%	-0.59%
SO	D	0.12%	0.0%	0.0%
SOFI	B	0.04%	-0.27%	-0.27%
SQ	B	0.06%	0.15%	0.06%
SRE	A	0.07%	-0.21%	-0.21%
SUM	C	0.01%	-0.24%	-0.24%
SW	C	0.1%	-0.18%	-0.18%
SYF	B	0.15%	1.08%	0.15%
T	A	0.42%	0.53%	0.42%
TEAM	B	0.05%	-0.26%	-0.26%
THC	B	0.02%	0.78%	0.02%
TMUS	A	0.3%	0.56%	0.3%
TOL	C	0.07%	0.23%	0.07%
TREX	C	0.04%	-0.16%	-0.16%
TSLA	B	0.7%	1.04%	0.7%
TSN	C	0.04%	0.55%	0.04%
TTD	B	0.06%	-0.19%	-0.19%
TTWO	A	0.03%	-0.5%	-0.5%
TXN	C	0.28%	-0.87%	-0.87%
U	F	0.01%	-0.45%	-0.45%
UHAL	C	0.03%	-0.17%	-0.17%
UHAL	C	0.0%	-0.17%	-0.17%
UHS	D	0.06%	0.71%	0.06%
UI	B	0.01%	0.38%	0.01%
UNP	C	0.48%	0.53%	0.48%
UTHR	B	0.1%	0.08%	0.08%
VAL	F	0.01%	-0.24%	-0.24%
VLO	D	0.16%	0.47%	0.16%
VMC	B	0.05%	-0.08%	-0.08%
VRT	B	0.13%	0.7%	0.13%
VST	B	0.12%	0.52%	0.12%
VVV	B	0.01%	-0.34%	-0.34%
WAL	B	0.06%	-0.19%	-0.19%
WBD	B	0.03%	-0.39%	-0.39%
WDC	D	0.03%	-0.73%	-0.73%
WFC	A	0.53%	0.72%	0.53%
WMT	A	0.63%	1.81%	0.63%
WST	B	0.05%	-0.57%	-0.57%
WTRG	C	0.01%	-0.26%	-0.26%
XOM	B	1.04%	0.56%	0.56%
XP	F	0.01%	-0.3%	-0.3%
XPO	B	0.04%	-0.17%	-0.17%
XYL	D	0.04%	-0.19%	-0.19%
ZBRA	A	0.03%	-0.35%	-0.35%
ZI	D	0.0%	-0.54%	-0.54%
ZION	B	0.05%	0.68%	0.05%

AVLC Overweight 723 Positions Relative to CLSE

Symbol	Grade	Weight
MSFT	C	4.41%
COST	B	0.93%
LLY	F	0.78%
BRK.A	B	0.66%
MA	B	0.65%
CVX	B	0.63%
V	A	0.58%
CAT	C	0.55%
VZ	C	0.44%
TJX	B	0.43%
GS	B	0.43%
AXP	B	0.4%
KO	F	0.4%
CRM	B	0.4%
AMAT	F	0.38%
CMCSA	B	0.38%
COP	C	0.38%
UNH	B	0.36%
ADP	A	0.36%
MELI	D	0.36%
AMD	F	0.34%
MS	A	0.34%
DE	D	0.32%
ACN	C	0.31%
CSCO	A	0.3%
WMB	B	0.29%
NOW	A	0.29%
EOG	A	0.28%
TGT	C	0.28%
PEP	D	0.27%
INTU	A	0.26%
TRV	B	0.26%
CSX	B	0.26%
AMP	A	0.26%
TRGP	B	0.26%
RCL	A	0.26%
FDX	B	0.25%
VRTX	B	0.25%
PCAR	B	0.24%
COF	B	0.23%
GWW	B	0.23%
CMG	B	0.23%
ROST	F	0.22%
DAL	A	0.22%
CB	C	0.22%
KLAC	F	0.22%
USB	A	0.22%
LMT	C	0.22%
AMGN	F	0.21%
AIG	B	0.21%
FCX	F	0.21%
LIN	D	0.21%
MSI	B	0.21%
ZTS	D	0.2%
SCHW	A	0.2%
F	C	0.2%
ABT	C	0.2%
URI	B	0.2%
FAST	A	0.2%
CMI	A	0.2%
HIG	C	0.19%
TFC	B	0.19%
AFL	C	0.19%
PSX	D	0.19%
MMM	C	0.19%
UPS	C	0.19%
HES	C	0.19%
OKE	A	0.19%
FTNT	B	0.19%
TSCO	C	0.18%
CL	F	0.18%
LEN	D	0.18%
PANW	A	0.18%
BK	B	0.18%
UAL	B	0.18%
BKR	B	0.18%
NUE	C	0.17%
PAYX	B	0.17%
NKE	F	0.17%
FANG	D	0.17%
DIS	B	0.17%
ISRG	A	0.17%
DECK	B	0.16%
MCD	C	0.16%
ADI	F	0.16%
RTX	C	0.16%
DUK	D	0.16%
LULU	C	0.15%
OXY	D	0.15%
DOW	F	0.15%
KKR	B	0.15%
TMO	F	0.15%
PFE	F	0.15%
SHW	A	0.14%
ETN	A	0.14%
GEV	B	0.14%
DVN	F	0.14%
REGN	F	0.14%
ELV	F	0.14%
KMB	F	0.14%
AEP	D	0.14%
HON	B	0.14%
EBAY	C	0.14%
ODFL	B	0.14%
ACGL	D	0.14%
HAL	C	0.13%
STLD	B	0.13%
CSL	B	0.13%
PCG	A	0.13%
TPL	B	0.13%
DHR	F	0.13%
IP	C	0.13%
TT	A	0.13%
CDNS	B	0.12%
BBY	D	0.12%
LYB	F	0.12%
ETR	B	0.12%
LOW	B	0.12%
SNPS	B	0.12%
WSM	F	0.12%
VRSK	A	0.12%
BSX	A	0.12%
PHM	D	0.12%
PKG	B	0.12%
ITW	A	0.12%
WM	A	0.12%
CEG	D	0.12%
CTSH	A	0.12%
DHI	F	0.12%
JBL	C	0.11%
XEL	A	0.11%
HBAN	B	0.11%
MRO	B	0.11%
ADM	F	0.11%
SYK	A	0.11%
ULTA	C	0.11%
IDXX	D	0.11%
RJF	A	0.11%
MRVL	B	0.11%
BURL	C	0.11%
MTB	B	0.11%
CME	A	0.11%
SFM	B	0.11%
CTAS	A	0.11%
CTRA	B	0.1%
DRI	B	0.1%
LII	B	0.1%
UBER	F	0.1%
TROW	B	0.1%
RPM	A	0.1%
STT	B	0.1%
FIX	B	0.1%
KMI	B	0.1%
MCO	C	0.1%
EXC	C	0.1%
OC	A	0.1%
CRWD	B	0.1%
BX	A	0.1%
FLEX	B	0.1%
ED	D	0.09%
SPGI	C	0.09%
VTRS	B	0.09%
SBUX	B	0.09%
MMC	C	0.09%
ROP	A	0.09%
MDLZ	F	0.09%
EQH	B	0.09%
IT	A	0.09%
SLB	C	0.09%
LVS	C	0.09%
PFG	C	0.09%
PH	A	0.09%
ADSK	A	0.09%
PWR	B	0.09%
TXRH	A	0.09%
EIX	C	0.09%
CPRT	A	0.09%
PEG	C	0.09%
AON	A	0.09%
WDAY	B	0.08%
AEE	A	0.08%
LUV	B	0.08%
JBHT	B	0.08%
SNA	A	0.08%
JEF	A	0.08%
BG	D	0.08%
BJ	B	0.08%
FNF	C	0.08%
DKS	F	0.08%
TPR	B	0.08%
NXPI	F	0.08%
CTVA	C	0.08%
EWBC	B	0.08%
NCLH	B	0.08%
CFG	B	0.08%
DFS	B	0.08%
CASY	B	0.08%
DD	D	0.07%
DTE	D	0.07%
KEYS	C	0.07%
L	A	0.07%
MCK	A	0.07%
ICE	D	0.07%
ORLY	A	0.07%
PAYC	B	0.07%
WCC	B	0.07%
WRB	B	0.07%
CI	D	0.07%
PPL	A	0.07%
MSTR	B	0.07%
SYY	B	0.07%
INGR	B	0.07%
WMS	F	0.07%
TDG	B	0.07%
FI	A	0.07%
PRI	A	0.07%
BLDR	D	0.07%
FICO	B	0.07%
SWKS	F	0.07%
NEE	D	0.07%
COIN	B	0.07%
MOH	F	0.07%
EG	D	0.07%
RS	B	0.07%
OVV	C	0.07%
CRBG	C	0.06%
HCA	D	0.06%
COKE	C	0.06%
CMA	A	0.06%
AFG	A	0.06%
PR	C	0.06%
BWXT	A	0.06%
VLTO	C	0.06%
KVUE	B	0.06%
ATI	D	0.06%
RL	B	0.06%
CMS	C	0.06%
GL	B	0.06%
CARR	C	0.06%
GNRC	B	0.06%
IFF	F	0.06%
ALLY	C	0.06%
MANH	C	0.06%
GPC	D	0.06%
SPOT	A	0.06%
CLX	A	0.06%
LECO	C	0.06%
FIS	B	0.06%
DASH	A	0.06%
EA	A	0.06%
DCI	A	0.06%
GPK	D	0.06%
BALL	D	0.06%
PFGC	B	0.06%
CBRE	A	0.06%
ECL	C	0.06%
A	F	0.06%
VMI	B	0.05%
AZO	C	0.05%
ENSG	C	0.05%
MHK	D	0.05%
WBS	A	0.05%
KDP	D	0.05%
EMN	D	0.05%
NOC	C	0.05%
WTFC	B	0.05%
HUBS	B	0.05%
SNOW	C	0.05%
RHI	B	0.05%
CHD	B	0.05%
CROX	F	0.05%
MTDR	C	0.05%
ZBH	C	0.05%
HUM	D	0.05%
GD	A	0.05%
WFRD	D	0.05%
KHC	F	0.05%
VEEV	B	0.05%
SKX	F	0.05%
KMX	C	0.05%
EVRG	A	0.05%
D	D	0.05%
AIZ	A	0.05%
STZ	D	0.05%
ALV	C	0.05%
MAR	A	0.05%
HOOD	B	0.05%
HWM	A	0.05%
HPQ	B	0.05%
AIT	A	0.05%
AME	A	0.05%
CBT	C	0.05%
MOS	D	0.05%
BWA	B	0.05%
ARW	F	0.05%
IR	A	0.05%
TXT	C	0.05%
GGG	B	0.05%
AXS	A	0.05%
WAT	A	0.05%
WSO	A	0.05%
DDOG	B	0.05%
PPG	F	0.05%
TER	F	0.05%
FYBR	D	0.05%
UFPI	B	0.05%
BDX	D	0.05%
CHRD	F	0.05%
CHTR	B	0.05%
EMR	A	0.05%
HLT	A	0.05%
CDW	F	0.05%
UNM	A	0.05%
ATR	A	0.05%
VFC	C	0.04%
STE	F	0.04%
CIVI	F	0.04%
AWI	B	0.04%
JCI	A	0.04%
AKAM	F	0.04%
KEX	B	0.04%
CPAY	A	0.04%
EVR	B	0.04%
NBIX	C	0.04%
AOS	F	0.04%
SSD	D	0.04%
KNX	B	0.04%
DINO	D	0.04%
ROK	B	0.04%
HRB	D	0.04%
LH	A	0.04%
HUBB	B	0.04%
YUM	B	0.04%
CLF	D	0.04%
CMC	B	0.04%
SNX	C	0.04%
IQV	F	0.04%
APTV	D	0.04%
WCN	A	0.04%
OGE	B	0.04%
NET	B	0.04%
JAZZ	B	0.04%
HII	D	0.04%
KD	A	0.04%
TYL	B	0.04%
MTG	C	0.04%
AXON	B	0.04%
FMC	F	0.04%
CRUS	F	0.04%
PSTG	D	0.04%
ITT	A	0.04%
NSIT	F	0.04%
WEC	B	0.04%
RRC	B	0.04%
ALGN	F	0.04%
BR	A	0.04%
OTIS	C	0.04%
AXTA	A	0.04%
EPAM	B	0.04%
CSGP	D	0.04%
FHN	A	0.04%
TAP	B	0.04%
CBSH	A	0.04%
CRS	B	0.04%
CLH	B	0.04%
KBH	D	0.04%
GAP	B	0.04%
FDS	A	0.04%
WAB	A	0.04%
LSTR	B	0.04%
JKHY	C	0.04%
AAON	B	0.04%
AYI	B	0.04%
ZM	B	0.04%
SF	B	0.04%
CHX	D	0.04%
OMF	A	0.04%
CFR	B	0.04%
ORI	A	0.04%
ANSS	B	0.04%
FOXA	A	0.04%
LAD	B	0.03%
TFX	F	0.03%
RPRX	F	0.03%
ERIE	F	0.03%
DY	C	0.03%
GWRE	A	0.03%
BCC	B	0.03%
MOD	C	0.03%
RLI	A	0.03%
SCI	B	0.03%
GMED	B	0.03%
FAF	C	0.03%
WLK	F	0.03%
PODD	B	0.03%
DOX	C	0.03%
IEX	B	0.03%
ZS	B	0.03%
BLD	F	0.03%
ROL	B	0.03%
PEGA	A	0.03%
TKR	F	0.03%
ENLC	B	0.03%
NWSA	B	0.03%
OLN	D	0.03%
NU	B	0.03%
HLNE	B	0.03%
CTLT	D	0.03%
LHX	A	0.03%
NYT	C	0.03%
VOYA	B	0.03%
WWD	B	0.03%
EXPO	D	0.03%
BMRN	F	0.03%
BIIB	F	0.03%
CBOE	D	0.03%
HOLX	D	0.03%
ESNT	D	0.03%
EHC	A	0.03%
MUR	F	0.03%
AM	B	0.03%
PVH	C	0.03%
X	C	0.03%
AR	B	0.03%
PTC	B	0.03%
EXEL	B	0.03%
DOV	A	0.03%
GIS	F	0.03%
CW	B	0.03%
ALK	A	0.03%
K	A	0.03%
STX	D	0.03%
TDY	A	0.03%
MAT	C	0.03%
CIEN	B	0.03%
PNFP	B	0.03%
SSB	B	0.03%
GEHC	F	0.03%
TWLO	A	0.03%
MTD	F	0.03%
LEA	F	0.03%
APA	F	0.03%
ONB	B	0.03%
LNT	C	0.03%
TTC	F	0.03%
RSG	A	0.03%
SNV	B	0.03%
AVY	F	0.03%
DTM	B	0.03%
ITCI	C	0.02%
EXLS	B	0.02%
LANC	C	0.02%
PCTY	A	0.02%
DPZ	C	0.02%
ROIV	C	0.02%
MSA	D	0.02%
BRO	A	0.02%
FRPT	B	0.02%
INSM	D	0.02%
CHH	B	0.02%
RBC	B	0.02%
MAS	D	0.02%
OKTA	C	0.02%
OMC	B	0.02%
DOCS	B	0.02%
HRL	F	0.02%
MDU	F	0.02%
TOST	A	0.02%
VKTX	D	0.02%
AZN	F	0.02%
TRU	D	0.02%
ARMK	B	0.02%
HOMB	A	0.02%
LNW	F	0.02%
FCN	F	0.02%
SWK	F	0.02%
ROKU	C	0.02%
FSS	C	0.02%
OZK	B	0.02%
NVT	B	0.02%
WTW	A	0.02%
QRVO	F	0.02%
SIGI	B	0.02%
HLI	B	0.02%
BAX	F	0.02%
BMI	B	0.02%
Z	B	0.02%
NOV	C	0.02%
HAS	D	0.02%
GLOB	B	0.02%
ARES	B	0.02%
FE	D	0.02%
FLS	B	0.02%
CHE	D	0.02%
SWX	B	0.02%
ONTO	F	0.02%
MMSI	B	0.02%
SN	C	0.02%
MOG.A	B	0.02%
OLED	F	0.02%
AMCR	D	0.02%
CNM	D	0.02%
TECH	B	0.02%
ES	D	0.02%
CNP	B	0.02%
CCK	D	0.02%
FOX	A	0.02%
OLLI	C	0.02%
VRSN	C	0.02%
LFUS	D	0.02%
EFX	D	0.02%
DT	C	0.02%
COOP	B	0.02%
CSWI	B	0.02%
CG	C	0.02%
FBIN	F	0.02%
MGY	B	0.02%
ENTG	D	0.02%
MTH	D	0.02%
JNPR	D	0.02%
HESM	D	0.02%
SON	D	0.02%
QLYS	B	0.02%
TW	C	0.02%
CADE	B	0.02%
IVZ	C	0.02%
RVTY	C	0.02%
PCVX	D	0.02%
TMHC	C	0.02%
G	B	0.02%
RVMD	B	0.02%
IBKR	A	0.02%
TRMB	B	0.02%
TPX	B	0.02%
PB	B	0.02%
NI	A	0.02%
M	D	0.02%
ACM	B	0.02%
GME	C	0.02%
ALLE	D	0.02%
LBRDK	C	0.02%
AMKR	F	0.02%
MEDP	C	0.02%
LYFT	B	0.01%
BPMC	B	0.01%
H	B	0.01%
PAG	B	0.01%
GFS	C	0.01%
RMBS	B	0.01%
NEU	C	0.01%
IONS	F	0.01%
SNAP	C	0.01%
ZG	B	0.01%
CHWY	B	0.01%
ADTN	B	0.01%
TNET	D	0.01%
SMMT	D	0.01%
BBWI	C	0.01%
RRX	C	0.01%
AAL	B	0.01%
RGEN	C	0.01%
PI	D	0.01%
NPAB	F	0.01%
LCID	F	0.01%
CWEN	D	0.01%
LEN	D	0.01%
VERX	B	0.01%
DKNG	B	0.01%
ALTR	C	0.01%
PEN	B	0.01%
NOVT	C	0.01%
CE	F	0.01%
WYNN	F	0.01%
CAG	F	0.01%
CPB	F	0.01%
NDSN	B	0.01%
GXO	B	0.01%
TDW	F	0.01%
BRBR	A	0.01%
HEI	B	0.01%
PCOR	B	0.01%
ZETA	D	0.01%
HXL	D	0.01%
BROS	B	0.01%
PSN	B	0.01%
ESAB	B	0.01%
MORN	B	0.01%
DDS	C	0.01%
IPG	F	0.01%
DLB	C	0.01%
AGR	C	0.01%
HSIC	F	0.01%
ACHC	F	0.01%
KRYS	B	0.01%
CWST	A	0.01%
MKSI	C	0.01%
SSNC	C	0.01%
MARA	C	0.01%
DBX	B	0.01%
SOLV	D	0.01%
VRNS	D	0.01%
MTCH	F	0.01%
CWAN	B	0.01%
RRR	F	0.01%
APPF	B	0.01%
USFD	A	0.01%
GPN	B	0.01%
BSY	F	0.01%
BOKF	B	0.01%
VNT	B	0.01%
RYAN	A	0.01%
ATKR	D	0.01%
IDA	A	0.01%
PARA	C	0.01%
OGN	F	0.01%
SJM	F	0.01%
AVTR	F	0.01%
BERY	C	0.01%
KBR	B	0.01%
SRPT	F	0.01%
LEVI	F	0.01%
AZEK	B	0.01%
NFG	C	0.01%
DGX	A	0.01%
MGM	D	0.01%
WEX	D	0.01%
MTSI	B	0.01%
BCPC	B	0.01%
BYD	A	0.01%
MIDD	C	0.01%
AN	C	0.01%
WTS	B	0.01%
SPSC	D	0.01%
PLNT	A	0.01%
LUMN	B	0.01%
GKOS	A	0.01%
SMAR	A	0.01%
ZWS	B	0.01%
TTEK	C	0.01%
WING	D	0.01%
BIO	C	0.01%
LNC	B	0.01%
MKC	D	0.01%
IOT	B	0.01%
PFSI	D	0.01%
FTV	D	0.01%
PBF	F	0.01%
SM	C	0.01%
CR	B	0.01%
WH	A	0.01%
WSC	F	0.01%
THO	B	0.01%
ELAN	D	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%
WHR	B	0.0%
RARE	D	0.0%
HIMS	B	0.0%
EMBC	B	0.0%
KLG	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	B	0.0%
SIRI	D	0.0%
TXG	F	0.0%
SAM	B	0.0%
WBA	D	0.0%
UGI	D	0.0%
CRVL	B	0.0%
GBCI	B	0.0%
IPGP	C	0.0%
FNB	A	0.0%
INFA	D	0.0%
ALKS	B	0.0%
FIZZ	B	0.0%
PLUG	D	0.0%
CAR	C	0.0%
TDC	D	0.0%
RDN	C	0.0%
CWEN	D	0.0%
HCP	A	0.0%
HRI	B	0.0%
SNDR	B	0.0%
WK	B	0.0%
TENB	C	0.0%
FRHC	A	0.0%
FLO	F	0.0%
ST	F	0.0%
OPCH	F	0.0%
LBRDA	C	0.0%
W	F	0.0%
NFE	F	0.0%
OWL	B	0.0%
ESI	B	0.0%
CRDO	B	0.0%
MMS	D	0.0%
ACT	C	0.0%
COLB	B	0.0%
POST	D	0.0%
ETSY	C	0.0%
XRAY	F	0.0%
REYN	D	0.0%
TMDX	F	0.0%
BFAM	F	0.0%
RDDT	B	0.0%
NUVL	D	0.0%
SAIC	C	0.0%
RBRK	B	0.0%
SLGN	A	0.0%
TKO	D	0.0%
FLUT	A	0.0%
HEI	B	0.0%
APG	B	0.0%

AVLC Underweight 86 Positions Relative to CLSE

Symbol	Grade	Weight
IDCC	B	-1.51%
ACIW	B	-1.49%
SNEX	B	-1.06%
BFH	B	-0.91%
AMRX	B	-0.87%
GVA	B	-0.84%
IESC	B	-0.82%
PRIM	B	-0.82%
CARG	B	-0.79%
STRL	B	-0.74%
CEIX	B	-0.71%
AVT	C	-0.7%
MWA	B	-0.68%
UMBF	B	-0.65%
FTDR	B	-0.61%
YOU	D	-0.6%
SLVM	C	-0.57%
AVA	C	-0.46%
SCCO	F	-0.43%
CTRE	C	-0.42%
SPG	B	-0.37%
SR	C	-0.36%
OUT	C	-0.34%
PTON	B	-0.34%
EQR	C	-0.34%
LAMR	D	-0.31%
IIPR	F	-0.29%
ATGE	B	-0.29%
MATX	A	-0.22%
ABM	B	-0.19%
NSA	D	-0.15%
VCYT	B	-0.12%
AEIS	C	-0.07%
QQQ	A	-0.0%
PATK	D	-0.0%
HGV	B	--0.06%
RYN	F	--0.07%
CCS	F	--0.07%
HUN	F	--0.08%
FLYW	B	--0.08%
JOE	F	--0.09%
FL	F	--0.09%
ABG	B	--0.1%
REXR	F	--0.1%
PENN	B	--0.1%
MCW	C	--0.11%
DLR	C	--0.11%
PCH	F	--0.12%
ACVA	C	--0.12%
EQIX	B	--0.12%
PYCR	B	--0.14%
EXR	D	--0.14%
CC	C	--0.15%
JBLU	C	--0.15%
DRVN	A	--0.15%
BHF	B	--0.16%
CNH	D	--0.16%
COLD	F	--0.16%
LGIH	F	--0.16%
RBA	B	--0.17%
NARI	C	--0.17%
KRG	B	--0.17%
AIR	C	--0.18%
EBC	B	--0.18%
ENOV	C	--0.19%
TEX	D	--0.19%
PRCT	C	--0.19%
GATX	A	--0.2%
WTM	A	--0.2%
CGON	D	--0.2%
UEC	C	--0.2%
BE	B	--0.21%
AESI	C	--0.22%
GPOR	B	--0.23%
NOG	B	--0.23%
BANC	B	--0.23%
ARWR	C	--0.24%
PSA	C	--0.24%
PTEN	C	--0.27%
NEOG	F	--0.29%
GT	C	--0.29%
STNE	F	--0.31%
CCOI	C	--0.36%
DV	C	--0.49%
FIVN	C	--0.58%
LITE	A	--0.88%