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

$69.47

Average Daily Volume

19,774

Number of Holdings ^*

976

* 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

$23.59

Average Daily Volume

65,624

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	CLSE
30 Days	3.17%	4.18%
60 Days	5.71%	7.10%
90 Days	7.02%	9.38%
12 Months	32.22%	39.93%

252 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in CLSE	Overlap
AA	A	0.03%	-0.14%	-0.14%
AAPL	C	5.24%	0.83%	0.83%
ABBV	F	0.38%	0.72%	0.38%
ABNB	C	0.07%	-0.34%	-0.34%
AES	F	0.06%	-0.08%	-0.08%
AFRM	A	0.03%	-0.35%	-0.35%
AGCO	D	0.04%	-0.18%	-0.18%
AGO	B	0.0%	-0.16%	-0.16%
AJG	A	0.05%	-0.17%	-0.17%
AL	B	0.01%	-0.18%	-0.18%
ALB	B	0.01%	-0.16%	-0.16%
ALGM	D	0.0%	-0.45%	-0.45%
ALIT	C	0.0%	-0.13%	-0.13%
ALL	A	0.2%	0.45%	0.2%
ALSN	B	0.02%	0.66%	0.02%
AMG	B	0.0%	0.58%	0.0%
AMZN	C	3.03%	2.53%	2.53%
ANET	C	0.15%	1.83%	0.15%
APA	D	0.03%	0.25%	0.03%
APD	A	0.22%	-0.15%	-0.15%
APH	A	0.12%	0.67%	0.12%
APLS	F	0.0%	-0.3%	-0.3%
APO	B	0.16%	-0.35%	-0.35%
APP	B	0.16%	2.25%	0.16%
APTV	F	0.04%	-0.32%	-0.32%
ATO	A	0.05%	-0.1%	-0.1%
AUR	C	0.01%	-0.26%	-0.26%
AVAV	C	0.01%	-0.13%	-0.13%
AVGO	D	1.11%	2.28%	1.11%
AWK	C	0.03%	-0.26%	-0.26%
BA	F	0.06%	-0.4%	-0.4%
BAC	A	0.42%	0.81%	0.42%
BAH	F	0.03%	0.18%	0.03%
BBIO	F	0.0%	-0.36%	-0.36%
BC	C	0.02%	-0.08%	-0.08%
BEN	C	0.01%	-0.36%	-0.36%
BILL	A	0.01%	-0.26%	-0.26%
BIRK	D	0.0%	-0.2%	-0.2%
BKNG	A	0.13%	0.44%	0.13%
BLK	B	0.18%	0.65%	0.18%
BMY	B	0.18%	1.11%	0.18%
BPOP	C	0.03%	-0.14%	-0.14%
BRKR	D	0.02%	-0.18%	-0.18%
BRZE	C	0.0%	-0.56%	-0.56%
C	A	0.23%	-0.19%	-0.19%
CACC	D	0.01%	-0.36%	-0.36%
CACI	D	0.01%	0.48%	0.01%
CAH	B	0.03%	0.86%	0.03%
CCL	A	0.13%	0.35%	0.13%
CDNS	B	0.12%	-0.46%	-0.46%
CELH	F	0.01%	-0.24%	-0.24%
CF	A	0.09%	0.37%	0.09%
CFLT	B	0.01%	-0.47%	-0.47%
CGNX	D	0.01%	-0.45%	-0.45%
CHDN	B	0.02%	-0.18%	-0.18%
CHRW	B	0.03%	0.61%	0.03%
CHTR	C	0.05%	-0.48%	-0.48%
CINF	A	0.07%	0.12%	0.07%
CMA	B	0.06%	0.71%	0.06%
CNA	C	0.0%	0.37%	0.0%
CNC	D	0.08%	0.31%	0.08%
COHR	B	0.03%	-0.36%	-0.36%
COOP	B	0.02%	-0.07%	-0.07%
COR	B	0.09%	0.86%	0.09%
COTY	F	0.0%	-0.18%	-0.18%
CPNG	D	0.12%	0.77%	0.12%
CRL	D	0.01%	-0.15%	-0.15%
CSCO	B	0.3%	-0.52%	-0.52%
CVLT	B	0.03%	1.4%	0.03%
CVNA	B	0.09%	1.85%	0.09%
CVS	D	0.05%	0.29%	0.05%
CYTK	F	0.01%	-0.3%	-0.3%
CZR	F	0.0%	-0.15%	-0.15%
DAR	C	0.02%	-0.16%	-0.16%
DAY	B	0.0%	-0.14%	-0.14%
DELL	B	0.05%	-0.25%	-0.25%
DG	F	0.06%	-0.4%	-0.4%
DLTR	F	0.07%	-0.41%	-0.41%
DOCU	B	0.05%	1.37%	0.05%
DUOL	A	0.01%	0.45%	0.01%
DVA	C	0.01%	0.78%	0.01%
DXCM	C	0.05%	-0.63%	-0.63%
EEFT	B	0.0%	0.22%	0.0%
EL	F	0.02%	-0.12%	-0.12%
ELF	C	0.01%	-0.24%	-0.24%
EME	A	0.14%	0.75%	0.14%
ENPH	F	0.01%	-0.11%	-0.11%
EQT	B	0.11%	-0.23%	-0.23%
ESTC	C	0.01%	-0.29%	-0.29%
EW	C	0.08%	-0.16%	-0.16%
EXAS	D	0.01%	-0.07%	-0.07%
EXP	B	0.07%	0.48%	0.07%
EXPD	C	0.09%	0.14%	0.09%
EXPE	B	0.04%	0.61%	0.04%
FCNCA	A	0.12%	-0.35%	-0.35%
FFIV	B	0.03%	0.6%	0.03%
FITB	B	0.14%	0.78%	0.14%
FIVE	F	0.01%	-0.56%	-0.56%
FLR	B	0.02%	0.21%	0.02%
FN	C	0.04%	0.13%	0.04%
FND	D	0.05%	-0.53%	-0.53%
FOUR	A	0.01%	-0.27%	-0.27%
FOXA	A	0.05%	0.14%	0.05%
FSLR	F	0.1%	-1.26%	-1.26%
FTI	A	0.08%	0.74%	0.08%
GDDY	A	0.08%	1.42%	0.08%
GE	D	0.2%	-0.46%	-0.46%
GILD	C	0.35%	1.07%	0.35%
GLW	B	0.09%	0.52%	0.09%
GM	C	0.31%	0.87%	0.31%
GNTX	C	0.03%	-0.09%	-0.09%
GOOG	C	1.3%	0.49%	0.49%
GOOGL	C	1.57%	3.47%	1.57%
GRMN	B	0.1%	0.37%	0.1%
GTLB	B	0.01%	-0.32%	-0.32%
GTLS	A	0.01%	-0.15%	-0.15%
HALO	F	0.03%	0.9%	0.03%
HD	B	0.58%	1.13%	0.58%
HPE	B	0.08%	1.92%	0.08%
HQY	A	0.01%	0.07%	0.01%
HSY	F	0.09%	-0.24%	-0.24%
ILMN	C	0.04%	0.1%	0.04%
INCY	C	0.03%	0.07%	0.03%
INSP	D	0.0%	-0.34%	-0.34%
INTC	C	0.16%	-0.93%	-0.93%
IONS	F	0.01%	-0.24%	-0.24%
J	D	0.01%	0.31%	0.01%
JAZZ	B	0.04%	0.16%	0.04%
JHG	B	0.02%	1.21%	0.02%
JLL	D	0.05%	0.2%	0.05%
JNJ	C	0.58%	0.83%	0.58%
JPM	A	1.19%	0.64%	0.64%
JXN	C	0.07%	0.39%	0.07%
KEY	B	0.05%	-0.25%	-0.25%
KNSL	B	0.05%	-0.2%	-0.2%
KNX	C	0.04%	-0.06%	-0.06%
KR	B	0.2%	0.17%	0.17%
LDOS	C	0.03%	0.55%	0.03%
LKQ	F	0.01%	-0.17%	-0.17%
LNG	A	0.23%	0.97%	0.23%
LNTH	D	0.05%	0.0%	0.0%
LPLA	A	0.1%	-0.34%	-0.34%
LPX	B	0.06%	0.43%	0.06%
LRCX	F	0.34%	0.0%	0.0%
LSCC	D	0.01%	-0.7%	-0.7%
LW	C	0.02%	-0.25%	-0.25%
LYV	A	0.02%	-0.3%	-0.3%
MASI	B	0.02%	-0.17%	-0.17%
MCHP	F	0.05%	-0.63%	-0.63%
MDB	B	0.03%	-0.29%	-0.29%
MDGL	B	0.01%	-0.17%	-0.17%
MDT	D	0.12%	0.29%	0.12%
MET	A	0.2%	0.52%	0.2%
META	D	2.26%	3.3%	2.26%
MKL	A	0.12%	-0.14%	-0.14%
MKTX	D	0.05%	-0.29%	-0.29%
MLI	B	0.07%	0.84%	0.07%
MLM	C	0.14%	-0.13%	-0.13%
MNST	C	0.03%	-0.28%	-0.28%
MO	A	0.09%	0.79%	0.09%
MPWR	F	0.04%	0.3%	0.04%
MRNA	F	0.03%	-0.47%	-0.47%
MSCI	C	0.05%	-0.27%	-0.27%
MTN	C	0.01%	-0.22%	-0.22%
MTZ	B	0.03%	0.66%	0.03%
MU	D	0.17%	2.13%	0.17%
MUSA	B	0.07%	0.2%	0.07%
NDAQ	A	0.02%	-0.3%	-0.3%
NEM	D	0.02%	0.22%	0.02%
NFLX	A	0.48%	0.79%	0.48%
NRG	B	0.05%	0.71%	0.05%
NSC	B	0.22%	-0.1%	-0.1%
NTAP	C	0.06%	1.0%	0.06%
NTNX	B	0.02%	1.16%	0.02%
NTRA	A	0.02%	0.17%	0.02%
NTRS	A	0.11%	1.08%	0.11%
NVDA	B	4.82%	4.61%	4.61%
NVR	D	0.1%	0.24%	0.1%
NWS	A	0.01%	-0.57%	-0.57%
ON	D	0.12%	-0.39%	-0.39%
ORCL	A	0.42%	1.33%	0.42%
OSK	C	0.02%	-0.16%	-0.16%
PG	C	0.39%	0.45%	0.39%
PGR	A	0.46%	0.46%	0.46%
PINS	F	0.02%	-0.41%	-0.41%
PLTR	B	0.18%	1.02%	0.18%
PNC	B	0.22%	0.72%	0.22%
PNW	A	0.05%	0.48%	0.05%
POOL	C	0.07%	-0.61%	-0.61%
PPC	C	0.02%	0.85%	0.02%
PRU	A	0.18%	0.13%	0.13%
PYPL	B	0.32%	1.33%	0.32%
QCOM	F	0.48%	1.73%	0.48%
R	B	0.05%	0.38%	0.05%
RBLX	C	0.01%	-0.41%	-0.41%
RF	A	0.08%	0.72%	0.08%
RGA	A	0.08%	0.55%	0.08%
RGLD	C	0.03%	0.32%	0.03%
RH	C	0.0%	-0.47%	-0.47%
RIVN	F	0.03%	-0.42%	-0.42%
RMD	C	0.07%	0.4%	0.07%
RNR	C	0.07%	-0.15%	-0.15%
ROP	B	0.09%	-0.7%	-0.7%
SAIA	B	0.07%	-0.22%	-0.22%
SATS	D	0.02%	-0.4%	-0.4%
SEIC	B	0.03%	0.95%	0.03%
SITE	F	0.01%	-0.16%	-0.16%
SMCI	F	0.01%	-0.47%	-0.47%
SNPS	B	0.12%	-0.44%	-0.44%
SOFI	B	0.04%	-0.28%	-0.28%
SRE	A	0.07%	-0.2%	-0.2%
STLD	B	0.12%	-0.13%	-0.13%
SUM	B	0.01%	-0.22%	-0.22%
SW	A	0.1%	-0.17%	-0.17%
SYF	B	0.15%	1.11%	0.15%
T	A	0.42%	0.29%	0.29%
TEAM	A	0.05%	-0.27%	-0.27%
THC	D	0.02%	0.78%	0.02%
TMUS	B	0.31%	0.7%	0.31%
TOL	B	0.07%	0.22%	0.07%
TREX	C	0.04%	-0.17%	-0.17%
TSLA	B	0.78%	1.22%	0.78%
TSN	B	0.05%	0.6%	0.05%
TTWO	A	0.03%	-0.43%	-0.43%
TXN	C	0.26%	-0.81%	-0.81%
U	C	0.01%	-0.41%	-0.41%
UHAL	D	0.03%	-0.16%	-0.16%
UHAL	D	0.0%	-0.16%	-0.16%
UHS	D	0.06%	0.7%	0.06%
UI	B	0.01%	0.49%	0.01%
UNP	C	0.47%	0.47%	0.47%
UTHR	C	0.1%	0.73%	0.1%
VAL	F	0.01%	-0.27%	-0.27%
VLO	C	0.17%	0.29%	0.17%
VMC	B	0.05%	-0.13%	-0.13%
VRT	B	0.13%	0.68%	0.13%
VRTX	D	0.25%	0.23%	0.23%
VST	A	0.13%	0.55%	0.13%
VVV	D	0.01%	-0.33%	-0.33%
WAL	B	0.06%	-0.19%	-0.19%
WBD	B	0.03%	-0.43%	-0.43%
WDC	D	0.03%	-0.65%	-0.65%
WFC	A	0.55%	0.75%	0.55%
WMT	A	0.64%	1.82%	0.64%
WST	C	0.05%	-0.59%	-0.59%
WTRG	B	0.01%	-0.24%	-0.24%
XP	F	0.01%	-0.29%	-0.29%
XPO	B	0.04%	-0.16%	-0.16%
XYL	D	0.04%	-0.23%	-0.23%
ZBRA	B	0.03%	-0.34%	-0.34%
ZI	D	0.0%	-0.36%	-0.36%
ZION	B	0.05%	0.71%	0.05%

AVLC Overweight 724 Positions Relative to CLSE

Symbol	Grade	Weight
MSFT	D	4.39%
XOM	B	1.04%
COST	A	0.94%
LLY	F	0.79%
BRK.A	B	0.67%
MA	B	0.66%
CVX	A	0.64%
V	A	0.59%
CAT	B	0.52%
VZ	C	0.45%
GS	A	0.44%
CRM	B	0.44%
TJX	A	0.44%
KO	D	0.4%
AXP	A	0.4%
MELI	C	0.39%
CMCSA	B	0.38%
COP	C	0.38%
AMAT	F	0.36%
UNH	B	0.36%
ADP	A	0.36%
MS	A	0.35%
ADBE	C	0.33%
MRK	D	0.32%
ACN	B	0.32%
AMD	F	0.31%
NOW	A	0.3%
EOG	A	0.3%
DE	B	0.3%
WMB	A	0.29%
TGT	F	0.29%
RCL	A	0.28%
TRGP	A	0.27%
PEP	F	0.27%
INTU	B	0.27%
IBM	C	0.27%
FDX	B	0.26%
TRV	B	0.26%
AMP	A	0.26%
CSX	C	0.26%
PCAR	B	0.25%
LMT	D	0.23%
MSI	B	0.23%
COF	C	0.23%
FTNT	C	0.23%
GWW	B	0.23%
USB	A	0.23%
DAL	B	0.23%
CMG	B	0.23%
CB	C	0.22%
MPC	D	0.22%
KLAC	F	0.21%
LIN	C	0.21%
CMI	A	0.21%
SCHW	B	0.21%
ROST	D	0.21%
ABT	B	0.2%
ZTS	D	0.2%
F	C	0.2%
URI	C	0.2%
OKE	A	0.2%
FAST	B	0.2%
AIG	B	0.2%
MMM	D	0.19%
PANW	B	0.19%
TFC	A	0.19%
UPS	C	0.19%
HIG	B	0.19%
HES	B	0.19%
AMGN	F	0.19%
AFL	B	0.19%
UAL	A	0.19%
PSX	C	0.19%
CL	D	0.18%
ISRG	A	0.18%
BK	A	0.18%
PM	B	0.18%
DIS	B	0.18%
FCX	F	0.18%
BKR	A	0.18%
PAYX	B	0.17%
TSCO	D	0.17%
NKE	F	0.17%
LEN	D	0.17%
FANG	C	0.17%
NUE	C	0.16%
MCD	D	0.16%
DUK	C	0.16%
DECK	A	0.16%
RTX	D	0.16%
ACGL	C	0.15%
ADI	D	0.15%
OXY	D	0.15%
TMO	F	0.15%
PFE	F	0.15%
HON	C	0.15%
KKR	A	0.15%
LULU	C	0.15%
REGN	F	0.14%
DOW	F	0.14%
AEP	C	0.14%
SHW	B	0.14%
DVN	F	0.14%
TT	A	0.14%
ETN	A	0.14%
KMB	C	0.14%
EBAY	D	0.14%
ODFL	C	0.14%
CTSH	B	0.13%
WM	B	0.13%
SO	C	0.13%
IP	A	0.13%
DHR	F	0.13%
HAL	C	0.13%
CSL	C	0.13%
ELV	F	0.13%
TPL	A	0.13%
PCG	A	0.13%
GEV	B	0.13%
SYK	B	0.12%
BBY	D	0.12%
MTB	A	0.12%
CTAS	B	0.12%
CME	B	0.12%
ETR	B	0.12%
SFM	A	0.12%
PHM	D	0.12%
DHI	F	0.12%
LOW	C	0.12%
PKG	A	0.12%
ITW	B	0.12%
BSX	A	0.12%
VRSK	A	0.12%
HBAN	A	0.11%
ULTA	F	0.11%
BX	A	0.11%
MRVL	B	0.11%
OC	A	0.11%
ADM	D	0.11%
MRO	B	0.11%
IDXX	F	0.11%
XEL	A	0.11%
CRWD	B	0.11%
LYB	F	0.11%
RJF	A	0.11%
BURL	B	0.11%
CEG	C	0.11%
WSM	C	0.11%
DRI	B	0.1%
CPRT	B	0.1%
AON	A	0.1%
TROW	B	0.1%
PEG	A	0.1%
STT	B	0.1%
FLEX	B	0.1%
RPM	A	0.1%
CTRA	B	0.1%
FIX	A	0.1%
JBL	C	0.1%
KMI	A	0.1%
EXC	C	0.1%
MCO	B	0.1%
MSTR	B	0.09%
VTRS	A	0.09%
LVS	B	0.09%
SPGI	C	0.09%
EQH	C	0.09%
MDLZ	F	0.09%
MMC	B	0.09%
SLB	C	0.09%
PFG	D	0.09%
SBUX	A	0.09%
IT	C	0.09%
PH	A	0.09%
EIX	B	0.09%
PWR	A	0.09%
UBER	F	0.09%
ADSK	A	0.09%
TXRH	B	0.09%
LII	A	0.09%
OVV	B	0.08%
EG	C	0.08%
NXPI	D	0.08%
JBHT	C	0.08%
BG	D	0.08%
LUV	C	0.08%
BJ	A	0.08%
FICO	B	0.08%
SNA	A	0.08%
DKS	D	0.08%
AEE	A	0.08%
CTVA	C	0.08%
WDAY	B	0.08%
TPR	B	0.08%
FNF	B	0.08%
COIN	C	0.08%
JEF	A	0.08%
ED	C	0.08%
CASY	A	0.08%
NCLH	B	0.08%
DFS	B	0.08%
CFG	B	0.08%
EWBC	A	0.08%
SQ	A	0.07%
ICE	C	0.07%
DTE	C	0.07%
L	A	0.07%
SWKS	F	0.07%
WCC	B	0.07%
MOH	F	0.07%
PAYC	B	0.07%
MCK	A	0.07%
ORLY	B	0.07%
WRB	A	0.07%
SPOT	B	0.07%
SYY	D	0.07%
INGR	C	0.07%
CI	D	0.07%
PPL	A	0.07%
RS	B	0.07%
NEE	C	0.07%
FI	A	0.07%
BLDR	D	0.07%
TDG	D	0.07%
PRI	B	0.07%
UNM	A	0.06%
ALLY	C	0.06%
PR	B	0.06%
VLTO	C	0.06%
COKE	C	0.06%
KVUE	A	0.06%
LECO	C	0.06%
IFF	D	0.06%
ATI	C	0.06%
GL	C	0.06%
WMS	F	0.06%
CMS	C	0.06%
CARR	C	0.06%
MANH	D	0.06%
GPC	D	0.06%
GNRC	C	0.06%
AFG	A	0.06%
GPK	C	0.06%
CLX	A	0.06%
A	D	0.06%
BWXT	B	0.06%
FIS	C	0.06%
DCI	B	0.06%
PFGC	B	0.06%
EA	A	0.06%
ANF	F	0.06%
DASH	B	0.06%
KEYS	A	0.06%
DD	C	0.06%
ECL	D	0.06%
CBRE	B	0.06%
BALL	F	0.06%
VMI	B	0.05%
ORI	A	0.05%
ENSG	C	0.05%
AZO	C	0.05%
CROX	D	0.05%
NOC	D	0.05%
ZM	C	0.05%
TAP	C	0.05%
WFRD	D	0.05%
MOS	F	0.05%
KDP	F	0.05%
SKX	D	0.05%
KHC	F	0.05%
RHI	C	0.05%
WBS	A	0.05%
ZBH	C	0.05%
ARW	D	0.05%
CBT	D	0.05%
HUM	C	0.05%
WTFC	A	0.05%
CHD	A	0.05%
MTDR	B	0.05%
AAON	B	0.05%
D	C	0.05%
GD	D	0.05%
TER	F	0.05%
HPQ	B	0.05%
SNOW	B	0.05%
CDW	F	0.05%
KMX	B	0.05%
BWA	D	0.05%
ALV	C	0.05%
PPG	F	0.05%
AXON	A	0.05%
HUBS	A	0.05%
DDOG	A	0.05%
EVRG	A	0.05%
TXT	D	0.05%
CHRD	D	0.05%
VEEV	C	0.05%
STZ	D	0.05%
AIZ	A	0.05%
WAT	C	0.05%
UFPI	C	0.05%
IR	B	0.05%
MAR	A	0.05%
AIT	B	0.05%
GGG	B	0.05%
FYBR	C	0.05%
HWM	A	0.05%
AME	A	0.05%
AXS	A	0.05%
WSO	A	0.05%
CRBG	B	0.05%
BDX	F	0.05%
HCA	F	0.05%
HOOD	B	0.05%
TTD	B	0.05%
EMR	B	0.05%
HLT	A	0.05%
RL	C	0.05%
ATR	B	0.05%
ALNY	D	0.04%
RSG	A	0.04%
EVR	B	0.04%
DTM	A	0.04%
AWI	A	0.04%
SSD	F	0.04%
TWLO	A	0.04%
LNT	A	0.04%
STE	D	0.04%
FMC	D	0.04%
SNX	D	0.04%
KEX	B	0.04%
NBIX	C	0.04%
HUBB	B	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
JCI	B	0.04%
YUM	D	0.04%
IQV	F	0.04%
DINO	D	0.04%
LH	B	0.04%
ROK	C	0.04%
CMC	B	0.04%
CPAY	A	0.04%
NET	B	0.04%
CRUS	D	0.04%
ALGN	D	0.04%
TYL	B	0.04%
MTG	C	0.04%
OGE	A	0.04%
WCN	A	0.04%
OTIS	C	0.04%
HII	F	0.04%
ITT	A	0.04%
KBH	D	0.04%
KD	B	0.04%
CSGP	D	0.04%
WEC	A	0.04%
AXTA	B	0.04%
RRC	B	0.04%
CLH	C	0.04%
BR	A	0.04%
JKHY	D	0.04%
CRS	B	0.04%
FHN	A	0.04%
WAB	B	0.04%
ANSS	B	0.04%
GAP	C	0.04%
LSTR	D	0.04%
EPAM	B	0.04%
SF	B	0.04%
CBSH	B	0.04%
FDS	B	0.04%
AYI	B	0.04%
CHX	C	0.04%
CFR	B	0.04%
OMF	A	0.04%
EMN	C	0.04%
MHK	D	0.04%
DOX	D	0.03%
MEDP	D	0.03%
GWRE	A	0.03%
IBKR	A	0.03%
MOD	A	0.03%
SCI	B	0.03%
LAD	A	0.03%
IBP	D	0.03%
BCC	B	0.03%
BLD	D	0.03%
G	B	0.03%
GMED	A	0.03%
TKR	D	0.03%
DY	D	0.03%
IEX	C	0.03%
FAF	A	0.03%
ENLC	A	0.03%
RLI	A	0.03%
GME	C	0.03%
NWSA	A	0.03%
X	B	0.03%
ROL	B	0.03%
BIIB	F	0.03%
OLN	F	0.03%
PEGA	B	0.03%
NYT	D	0.03%
ZS	B	0.03%
CTLT	C	0.03%
PODD	C	0.03%
HLNE	B	0.03%
WWD	C	0.03%
EXPO	D	0.03%
NU	C	0.03%
VOYA	B	0.03%
BMRN	F	0.03%
STX	C	0.03%
CBOE	C	0.03%
MTD	F	0.03%
LHX	C	0.03%
MUR	D	0.03%
AM	A	0.03%
PVH	C	0.03%
AKAM	D	0.03%
HOLX	D	0.03%
EHC	B	0.03%
EXEL	B	0.03%
GEHC	D	0.03%
ESNT	F	0.03%
MAT	D	0.03%
GIS	D	0.03%
DOV	A	0.03%
PTC	B	0.03%
K	A	0.03%
ALK	B	0.03%
CW	C	0.03%
SSB	B	0.03%
VFC	C	0.03%
TTC	C	0.03%
TDY	B	0.03%
CIEN	C	0.03%
CIVI	D	0.03%
AR	B	0.03%
PNFP	B	0.03%
LEA	F	0.03%
CLF	F	0.03%
AVY	F	0.03%
HRB	D	0.03%
SNV	C	0.03%
AOS	F	0.03%
ONB	C	0.03%
PCTY	C	0.02%
PNR	A	0.02%
EXLS	B	0.02%
LNW	F	0.02%
ROIV	C	0.02%
MSA	F	0.02%
BRO	B	0.02%
INSM	C	0.02%
FRPT	A	0.02%
MAS	D	0.02%
RBC	A	0.02%
TRU	D	0.02%
OMC	C	0.02%
SWK	D	0.02%
CHH	A	0.02%
QRVO	F	0.02%
OKTA	C	0.02%
HRL	D	0.02%
ARMK	B	0.02%
FCN	F	0.02%
AZN	F	0.02%
BAX	F	0.02%
MDU	D	0.02%
NVT	B	0.02%
HOMB	A	0.02%
OZK	B	0.02%
WTW	B	0.02%
FSS	B	0.02%
ROKU	D	0.02%
OLED	F	0.02%
ONTO	F	0.02%
CNM	D	0.02%
NOV	C	0.02%
HAS	D	0.02%
SIGI	C	0.02%
BMI	B	0.02%
HLI	A	0.02%
ARES	A	0.02%
GLOB	B	0.02%
FE	C	0.02%
OLLI	D	0.02%
Z	A	0.02%
MMSI	A	0.02%
AMCR	C	0.02%
MOG.A	B	0.02%
CHE	D	0.02%
FLS	B	0.02%
DOCS	C	0.02%
TOST	B	0.02%
LFUS	D	0.02%
TECH	F	0.02%
SWX	B	0.02%
ES	C	0.02%
CCK	D	0.02%
FBIN	D	0.02%
VRSN	C	0.02%
EFX	F	0.02%
MTH	D	0.02%
SN	D	0.02%
DT	D	0.02%
CNP	A	0.02%
CG	B	0.02%
ENTG	D	0.02%
CSWI	B	0.02%
FOX	A	0.02%
M	F	0.02%
HESM	B	0.02%
MGY	A	0.02%
PCVX	D	0.02%
JNPR	D	0.02%
QLYS	B	0.02%
TW	A	0.02%
IVZ	B	0.02%
SON	F	0.02%
RVTY	F	0.02%
TMHC	C	0.02%
AMKR	D	0.02%
RVMD	C	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
TRMB	B	0.02%
ALLE	C	0.02%
TPX	B	0.02%
ERIE	D	0.02%
ACM	B	0.02%
RPRX	D	0.02%
TFX	F	0.02%
WLK	D	0.02%
NI	A	0.02%
PB	B	0.02%
GFS	C	0.01%
SNAP	D	0.01%
LYFT	C	0.01%
HEI	A	0.01%
SEE	C	0.01%
RMBS	B	0.01%
FLUT	A	0.01%
H	B	0.01%
PAG	B	0.01%
NEU	D	0.01%
SMMT	D	0.01%
ADTN	A	0.01%
PI	D	0.01%
RRX	B	0.01%
ZG	A	0.01%
CE	F	0.01%
BBWI	C	0.01%
TNET	F	0.01%
CHWY	B	0.01%
LCID	F	0.01%
AAL	B	0.01%
CWEN	C	0.01%
TDW	F	0.01%
RGEN	D	0.01%
LEN	D	0.01%
NOVT	D	0.01%
VERX	A	0.01%
ALTR	B	0.01%
WYNN	C	0.01%
PEN	B	0.01%
CAG	F	0.01%
CPB	D	0.01%
DKNG	B	0.01%
NDSN	B	0.01%
GXO	B	0.01%
NXST	C	0.01%
PATH	C	0.01%
HXL	F	0.01%
ESAB	C	0.01%
DDS	B	0.01%
BRBR	A	0.01%
PCOR	B	0.01%
NPAB	F	0.01%
ACHC	F	0.01%
PSN	D	0.01%
IPG	D	0.01%
DLB	B	0.01%
MORN	B	0.01%
HEI	A	0.01%
HSIC	C	0.01%
BROS	A	0.01%
SOLV	D	0.01%
MKSI	C	0.01%
KRYS	C	0.01%
AGR	A	0.01%
CWAN	B	0.01%
RRR	F	0.01%
CWST	A	0.01%
SSNC	B	0.01%
DBX	B	0.01%
VRNS	D	0.01%
MTCH	D	0.01%
ATKR	D	0.01%
BSY	F	0.01%
BECN	B	0.01%
VNT	C	0.01%
USFD	A	0.01%
APPF	B	0.01%
AVTR	F	0.01%
PARA	C	0.01%
MARA	B	0.01%
BOKF	B	0.01%
OGN	F	0.01%
SJM	D	0.01%
GPN	B	0.01%
RYAN	A	0.01%
SRPT	F	0.01%
BERY	C	0.01%
MTSI	B	0.01%
KBR	F	0.01%
IDA	A	0.01%
LEVI	F	0.01%
WEX	D	0.01%
MGM	D	0.01%
AZEK	A	0.01%
MIDD	C	0.01%
BCPC	B	0.01%
DGX	A	0.01%
NFG	A	0.01%
LUMN	C	0.01%
AN	C	0.01%
BYD	B	0.01%
SPSC	D	0.01%
WTS	B	0.01%
BIO	C	0.01%
SMAR	B	0.01%
TTEK	F	0.01%
PLNT	A	0.01%
ZWS	B	0.01%
LNC	C	0.01%
MKC	C	0.01%
WSC	F	0.01%
GKOS	B	0.01%
PFSI	C	0.01%
WING	D	0.01%
IOT	A	0.01%
VKTX	F	0.01%
PBF	D	0.01%
FTV	C	0.01%
THO	B	0.01%
ELAN	D	0.01%
SM	B	0.01%
CR	A	0.01%
WH	B	0.01%
LANC	C	0.01%
ITCI	C	0.01%
S	B	0.01%
DPZ	C	0.01%
NVST	B	0.0%
TPG	A	0.0%
CRSP	D	0.0%
WOLF	F	0.0%
WHR	B	0.0%
RARE	F	0.0%
AGL	F	0.0%
EMBC	C	0.0%
KLG	B	0.0%
HIMS	B	0.0%
SEDG	F	0.0%
FG	A	0.0%
CNXC	F	0.0%
FFIN	B	0.0%
IMVT	F	0.0%
DXC	B	0.0%
RNA	C	0.0%
SPB	C	0.0%
TXG	F	0.0%
SIRI	C	0.0%
WBA	F	0.0%
SAM	C	0.0%
UGI	C	0.0%
CRVL	B	0.0%
GBCI	B	0.0%
IPGP	D	0.0%
INFA	D	0.0%
FNB	A	0.0%
PLUG	F	0.0%
ALKS	C	0.0%
FIZZ	C	0.0%
CWEN	C	0.0%
TDC	D	0.0%
RDN	D	0.0%
HCP	B	0.0%
CAR	C	0.0%
HRI	C	0.0%
SNDR	B	0.0%
WK	B	0.0%
TENB	C	0.0%
FLO	D	0.0%
FRHC	B	0.0%
ST	F	0.0%
LBRDA	C	0.0%
OPCH	D	0.0%
W	D	0.0%
NFE	D	0.0%
OWL	A	0.0%
ESI	B	0.0%
CRDO	B	0.0%
MMS	F	0.0%
COLB	B	0.0%
POST	C	0.0%
ACT	C	0.0%
ETSY	D	0.0%
BFAM	D	0.0%
XRAY	F	0.0%
REYN	D	0.0%
NUVL	C	0.0%
RDDT	A	0.0%
TMDX	F	0.0%
SAIC	F	0.0%
ZETA	D	0.0%
RBRK	A	0.0%
SLGN	A	0.0%
TKO	A	0.0%
APG	B	0.0%
BPMC	B	0.0%

AVLC Underweight 86 Positions Relative to CLSE

Symbol	Grade	Weight
IDCC	B	-1.51%
ACIW	B	-1.3%
SNEX	B	-1.06%
AMRX	C	-0.9%
BFH	C	-0.88%
GVA	A	-0.84%
CARG	B	-0.83%
PRIM	A	-0.8%
IESC	C	-0.77%
CNX	A	-0.74%
STRL	A	-0.71%
CEIX	A	-0.7%
GEN	B	-0.68%
UMBF	B	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
FTDR	B	-0.58%
SLVM	B	-0.5%
AVA	A	-0.47%
CTRE	C	-0.42%
SCCO	F	-0.41%
SR	A	-0.38%
SPG	A	-0.37%
OUT	A	-0.36%
EQR	C	-0.35%
CDP	C	-0.34%
PTON	A	-0.31%
LAMR	C	-0.31%
IIPR	D	-0.28%
MATX	C	-0.22%
ABM	B	-0.19%
BOX	B	-0.17%
VCTR	B	-0.12%
VCYT	B	-0.12%
CDE	C	-0.11%
AEIS	C	-0.07%
QQQ	B	-0.0%
PENN	C	--0.05%
HGV	C	--0.06%
HUN	F	--0.07%
RYN	D	--0.07%
CCS	D	--0.07%
JOE	F	--0.08%
FLYW	B	--0.08%
JBLU	F	--0.09%
MCW	C	--0.1%
ABG	C	--0.1%
ACVA	B	--0.11%
CGON	F	--0.11%
RBA	A	--0.12%
FL	F	--0.12%
PCH	F	--0.12%
DLR	B	--0.13%
EXR	C	--0.13%
PYCR	B	--0.14%
REXR	F	--0.14%
ARWR	D	--0.14%
EQIX	A	--0.14%
COLD	D	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
FIVN	C	--0.16%
BHF	C	--0.16%
LGIH	F	--0.16%
TEX	F	--0.17%
KRG	B	--0.17%
ENOV	C	--0.18%
UEC	B	--0.18%
EBC	B	--0.18%
CNH	C	--0.18%
AIR	B	--0.19%
GATX	A	--0.2%
BE	B	--0.21%
AESI	B	--0.21%
NOG	B	--0.21%
WTM	A	--0.21%
PRCT	B	--0.22%
BANC	B	--0.22%
PSA	C	--0.23%
GPOR	B	--0.24%
NEOG	F	--0.26%
STNE	F	--0.27%
PTEN	C	--0.27%
CCOI	B	--0.33%
DV	C	--0.45%
LITE	B	--0.6%