AVLC vs. CRBN ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to iShares MSCI ACWI Low Carbon Target ETF (CRBN)

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

$69.16

Average Daily Volume

18,758

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

CRBN

iShares MSCI ACWI Low Carbon Target ETF

CRBN Description

The investment seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. The fund seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. It generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$197.85

Average Daily Volume

7,608

Number of Holdings ^*

400

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	CRBN
30 Days	2.83%	0.14%
60 Days	7.80%	4.01%
90 Days	9.13%	5.98%
12 Months	34.06%	28.86%

351 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in CRBN	Overlap
	A	F	0.06%	0.05%	0.05%
	AAPL	C	5.32%	4.25%	4.25%
	ABBV	D	0.45%	0.51%	0.45%
	ABNB	C	0.08%	0.12%	0.08%
	ABT	C	0.2%	0.08%	0.08%
	ACGL	D	0.14%	0.07%	0.07%
	ACM	B	0.02%	0.03%	0.02%
	ACN	C	0.31%	0.29%	0.29%
	ADBE	C	0.31%	0.27%	0.27%
	ADI	F	0.16%	0.18%	0.16%
	ADP	A	0.36%	0.24%	0.24%
	ADSK	A	0.09%	0.06%	0.06%
	AFG	A	0.06%	0.01%	0.01%
	AFL	C	0.19%	0.17%	0.17%
	AIG	B	0.21%	0.05%	0.05%
	AIZ	A	0.05%	0.01%	0.01%
	AJG	A	0.05%	0.03%	0.03%
	AKAM	F	0.04%	0.06%	0.04%
	ALB	B	0.01%	0.01%	0.01%
	ALGN	F	0.04%	0.03%	0.03%
	ALL	A	0.19%	0.03%	0.03%
	ALLE	D	0.02%	0.03%	0.02%
	AMAT	F	0.38%	0.12%	0.12%
	AMD	F	0.34%	0.32%	0.32%
	AME	A	0.05%	0.31%	0.05%
	AMGN	F	0.21%	0.26%	0.21%
	AMP	A	0.26%	0.05%	0.05%
	AMZN	A	2.98%	2.48%	2.48%
	ANET	C	0.17%	0.17%	0.17%
	ANSS	B	0.04%	0.04%	0.04%
	AON	A	0.09%	0.1%	0.09%
	APH	B	0.13%	0.19%	0.13%
	APO	B	0.16%	0.09%	0.09%
	APP	B	0.14%	0.07%	0.07%
	AVGO	C	1.18%	1.09%	1.09%
	AWK	D	0.03%	0.2%	0.03%
	AXON	B	0.04%	0.24%	0.04%
	AXP	B	0.4%	0.24%	0.24%
	BAC	A	0.41%	0.39%	0.39%
	BAH	C	0.03%	0.03%	0.03%
	BAX	F	0.02%	0.0%	0.0%
	BBWI	C	0.01%	0.01%	0.01%
	BDX	D	0.05%	0.1%	0.05%
	BEN	C	0.01%	0.0%	0.0%
	BIIB	F	0.03%	0.03%	0.03%
	BK	B	0.18%	0.12%	0.12%
	BKNG	A	0.13%	0.23%	0.13%
	BKR	B	0.18%	0.38%	0.18%
	BMY	B	0.17%	0.22%	0.17%
	BR	A	0.04%	0.07%	0.04%
	BRK.A	B	0.66%	0.63%	0.63%
	BRO	A	0.02%	0.02%	0.02%
	BSX	A	0.12%	0.19%	0.12%
	BX	A	0.1%	0.14%	0.1%
	C	A	0.22%	0.23%	0.22%
	CB	C	0.22%	0.23%	0.22%
	CBOE	D	0.03%	0.03%	0.03%
	CDNS	B	0.12%	0.09%	0.09%
	CDW	F	0.05%	0.04%	0.04%
	CEG	D	0.12%	0.04%	0.04%
	CELH	F	0.02%	0.01%	0.01%
	CFG	B	0.08%	0.03%	0.03%
	CHD	B	0.05%	0.06%	0.05%
	CHTR	B	0.05%	0.09%	0.05%
	CI	D	0.07%	0.11%	0.07%
	CINF	A	0.07%	0.0%	0.0%
	CL	F	0.18%	0.13%	0.13%
	CMCSA	B	0.38%	0.29%	0.29%
	CME	A	0.11%	0.12%	0.11%
	CMG	B	0.23%	0.13%	0.13%
	CNC	F	0.08%	0.01%	0.01%
	COF	B	0.23%	0.08%	0.08%
	COIN	B	0.07%	0.07%	0.07%
	COST	B	0.93%	0.28%	0.28%
	CPAY	A	0.04%	0.06%	0.04%
	CPRT	A	0.09%	0.1%	0.09%
	CRL	C	0.01%	0.01%	0.01%
	CRM	B	0.4%	0.37%	0.37%
	CRWD	B	0.1%	0.07%	0.07%
	CSCO	A	0.3%	0.42%	0.3%
	CSGP	D	0.04%	0.04%	0.04%
	CSX	B	0.26%	0.13%	0.13%
	CTAS	A	0.11%	0.16%	0.11%
	CTLT	D	0.03%	0.0%	0.0%
	CTSH	A	0.12%	0.07%	0.07%
	CTVA	C	0.08%	0.12%	0.08%
	CVS	F	0.05%	0.04%	0.04%
	DASH	A	0.06%	0.08%	0.06%
	DAY	C	0.0%	0.03%	0.0%
	DDOG	B	0.05%	0.03%	0.03%
	DE	D	0.32%	0.04%	0.04%
	DECK	B	0.16%	0.03%	0.03%
	DFS	B	0.08%	0.06%	0.06%
	DG	F	0.06%	0.04%	0.04%
	DGX	A	0.01%	0.06%	0.01%
	DHR	F	0.13%	0.23%	0.13%
	DIS	B	0.17%	0.23%	0.17%
	DKNG	B	0.01%	0.03%	0.01%
	DLTR	F	0.07%	0.03%	0.03%
	DOCU	B	0.05%	0.01%	0.01%
	DRI	B	0.1%	0.0%	0.0%
	DVA	C	0.01%	0.03%	0.01%
	DXCM	C	0.04%	0.04%	0.04%
	EA	A	0.06%	0.08%	0.06%
	EBAY	C	0.14%	0.1%	0.1%
	ECL	C	0.06%	0.17%	0.06%
	ED	D	0.09%	0.06%	0.06%
	EFX	D	0.02%	0.09%	0.02%
	EG	D	0.07%	0.02%	0.02%
	EIX	C	0.09%	0.2%	0.09%
	EL	F	0.02%	0.04%	0.02%
	ELV	F	0.14%	0.13%	0.13%
	EMR	A	0.05%	0.05%	0.05%
	ENPH	F	0.01%	0.01%	0.01%
	ENTG	D	0.02%	0.02%	0.02%
	EPAM	B	0.04%	0.02%	0.02%
	EQH	B	0.09%	0.1%	0.09%
	ERIE	F	0.03%	0.01%	0.01%
	ES	D	0.02%	0.11%	0.02%
	ETN	A	0.14%	0.19%	0.14%
	EW	D	0.08%	0.06%	0.06%
	EXAS	F	0.01%	0.01%	0.01%
	EXC	C	0.1%	0.03%	0.03%
	FAST	A	0.2%	0.15%	0.15%
	FCNCA	B	0.12%	0.05%	0.05%
	FCX	F	0.21%	0.23%	0.21%
	FFIV	A	0.03%	0.09%	0.03%
	FI	A	0.07%	0.23%	0.07%
	FICO	B	0.07%	0.05%	0.05%
	FIS	B	0.06%	0.08%	0.06%
	FITB	A	0.13%	0.02%	0.02%
	FNF	C	0.08%	0.02%	0.02%
	FSLR	F	0.11%	0.04%	0.04%
	FTNT	B	0.19%	0.06%	0.06%
	FTV	D	0.01%	0.16%	0.01%
	GDDY	A	0.07%	0.02%	0.02%
	GGG	B	0.05%	0.14%	0.05%
	GILD	C	0.38%	0.2%	0.2%
	GIS	F	0.03%	0.01%	0.01%
	GOOG	B	1.32%	1.11%	1.11%
	GOOGL	B	1.59%	1.39%	1.39%
	GPN	B	0.01%	0.07%	0.01%
	GRMN	A	0.09%	0.13%	0.09%
	GS	B	0.43%	0.28%	0.28%
	GWW	B	0.23%	0.04%	0.04%
	HAL	C	0.13%	0.43%	0.13%
	HCA	D	0.06%	0.12%	0.06%
	HD	B	0.56%	0.56%	0.56%
	HIG	C	0.19%	0.06%	0.06%
	HLT	A	0.05%	0.09%	0.05%
	HOOD	B	0.05%	0.02%	0.02%
	HSY	D	0.09%	0.04%	0.04%
	HUBB	B	0.04%	0.11%	0.04%
	HUBS	B	0.05%	0.01%	0.01%
	HUM	D	0.05%	0.04%	0.04%
	IBM	C	0.27%	0.33%	0.27%
	ICE	D	0.07%	0.11%	0.07%
	IDXX	D	0.11%	0.06%	0.06%
	IEX	B	0.03%	0.16%	0.03%
	ILMN	C	0.04%	0.02%	0.02%
	INTC	C	0.17%	0.16%	0.16%
	INTU	A	0.26%	0.23%	0.23%
	IOT	B	0.01%	0.0%	0.0%
	IPG	F	0.01%	0.01%	0.01%
	IQV	F	0.04%	0.08%	0.04%
	IR	A	0.05%	0.23%	0.05%
	ISRG	A	0.17%	0.25%	0.17%
	IT	A	0.09%	0.07%	0.07%
	ITW	A	0.12%	0.13%	0.12%
	J	B	0.01%	0.05%	0.01%
	JNJ	D	0.6%	0.56%	0.56%
	JPM	B	1.17%	0.88%	0.88%
	KDP	D	0.05%	0.05%	0.05%
	KEYS	C	0.07%	0.04%	0.04%
	KKR	B	0.15%	0.11%	0.11%
	KLAC	F	0.22%	0.21%	0.21%
	KO	F	0.4%	0.44%	0.4%
	KVUE	B	0.06%	0.11%	0.06%
	L	A	0.07%	0.03%	0.03%
	LDOS	B	0.03%	0.05%	0.03%
	LH	A	0.04%	0.05%	0.04%
	LIN	D	0.21%	0.1%	0.1%
	LLY	F	0.78%	0.81%	0.78%
	LNG	B	0.22%	0.09%	0.09%
	LOW	B	0.12%	0.18%	0.12%
	LRCX	F	0.37%	0.09%	0.09%
	LULU	C	0.15%	0.06%	0.06%
	LVS	C	0.09%	0.07%	0.07%
	MA	B	0.65%	0.55%	0.55%
	MAR	A	0.05%	0.07%	0.05%
	MAS	D	0.02%	0.06%	0.02%
	MCD	C	0.16%	0.43%	0.16%
	MCHP	F	0.05%	0.06%	0.05%
	MCO	C	0.1%	0.06%	0.06%
	MDB	C	0.03%	0.01%	0.01%
	MDLZ	F	0.09%	0.09%	0.09%
	MDT	D	0.12%	0.11%	0.11%
	MELI	D	0.36%	0.13%	0.13%
	MET	C	0.2%	0.1%	0.1%
	META	B	2.31%	1.65%	1.65%
	MGM	D	0.01%	0.02%	0.01%
	MKL	A	0.12%	0.01%	0.01%
	MKTX	C	0.05%	0.01%	0.01%
	MMC	C	0.09%	0.19%	0.09%
	MNST	B	0.03%	0.11%	0.03%
	MO	A	0.08%	0.37%	0.08%
	MPWR	F	0.06%	0.06%	0.06%
	MRK	F	0.33%	0.36%	0.33%
	MRNA	F	0.03%	0.01%	0.01%
	MRVL	B	0.11%	0.13%	0.11%
	MS	A	0.34%	0.19%	0.19%
	MSFT	C	4.41%	3.74%	3.74%
	MSI	B	0.21%	0.17%	0.17%
	MSTR	B	0.07%	0.06%	0.06%
	MTB	B	0.11%	0.05%	0.05%
	MTCH	F	0.01%	0.01%	0.01%
	MTD	F	0.03%	0.04%	0.03%
	MU	D	0.2%	0.14%	0.14%
	NDSN	B	0.01%	0.02%	0.01%
	NEE	D	0.07%	0.16%	0.07%
	NEM	F	0.02%	0.07%	0.02%
	NET	B	0.04%	0.01%	0.01%
	NFLX	A	0.47%	0.46%	0.46%
	NKE	F	0.17%	0.11%	0.11%
	NOW	A	0.29%	0.21%	0.21%
	NSC	B	0.22%	0.08%	0.08%
	NTAP	D	0.07%	0.08%	0.07%
	NTRS	A	0.11%	0.06%	0.06%
	NVDA	B	4.93%	4.69%	4.69%
	NXPI	F	0.08%	0.09%	0.08%
	ODFL	B	0.14%	0.06%	0.06%
	OKE	A	0.19%	0.24%	0.19%
	OKTA	C	0.02%	0.01%	0.01%
	OMC	B	0.02%	0.03%	0.02%
	ON	F	0.13%	0.03%	0.03%
	ORCL	A	0.42%	0.43%	0.42%
	OTIS	C	0.04%	0.12%	0.04%
	PANW	A	0.18%	0.14%	0.14%
	PAYC	B	0.07%	0.05%	0.05%
	PAYX	B	0.17%	0.15%	0.15%
	PCG	A	0.13%	0.09%	0.09%
	PEG	C	0.09%	0.07%	0.07%
	PEP	D	0.27%	0.21%	0.21%
	PFE	F	0.15%	0.21%	0.15%
	PG	C	0.39%	0.6%	0.39%
	PGR	A	0.45%	0.18%	0.18%
	PH	A	0.09%	0.12%	0.09%
	PINS	F	0.02%	0.02%	0.02%
	PLTR	B	0.16%	0.13%	0.13%
	PM	C	0.18%	0.44%	0.18%
	PNC	B	0.22%	0.11%	0.11%
	PODD	B	0.03%	0.01%	0.01%
	POOL	D	0.08%	0.0%	0.0%
	PRU	B	0.18%	0.03%	0.03%
	PSTG	D	0.04%	0.03%	0.03%
	PTC	B	0.03%	0.06%	0.03%
	PWR	B	0.09%	0.02%	0.02%
	PYPL	A	0.3%	0.12%	0.12%
	QCOM	F	0.52%	0.25%	0.25%
	RBLX	B	0.01%	0.01%	0.01%
	RCL	A	0.26%	0.07%	0.07%
	REGN	F	0.14%	0.12%	0.12%
	RIVN	D	0.03%	0.03%	0.03%
	RMD	C	0.07%	0.03%	0.03%
	ROK	B	0.04%	0.04%	0.04%
	ROKU	C	0.02%	0.01%	0.01%
	ROL	B	0.03%	0.03%	0.03%
	ROP	A	0.09%	0.2%	0.09%
	ROST	F	0.22%	0.05%	0.05%
	RPRX	F	0.03%	0.09%	0.03%
	RS	B	0.07%	0.16%	0.07%
	RVTY	C	0.02%	0.01%	0.01%
	SBUX	B	0.09%	0.19%	0.09%
	SCHW	A	0.2%	0.14%	0.14%
	SHW	A	0.14%	0.13%	0.13%
	SLB	C	0.09%	0.24%	0.09%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.08%	0.08%	0.08%
	SNAP	C	0.01%	0.02%	0.01%
	SNOW	C	0.05%	0.04%	0.04%
	SNPS	B	0.12%	0.11%	0.11%
	SOLV	D	0.01%	0.04%	0.01%
	SPGI	C	0.09%	0.13%	0.09%
	SQ	B	0.06%	0.04%	0.04%
	SRE	A	0.07%	0.01%	0.01%
	SSNC	C	0.01%	0.15%	0.01%
	STE	F	0.04%	0.03%	0.03%
	STT	B	0.1%	0.05%	0.05%
	STZ	D	0.05%	0.11%	0.05%
	SWKS	F	0.07%	0.01%	0.01%
	SYF	B	0.15%	0.08%	0.08%
	SYK	A	0.11%	0.14%	0.11%
	T	A	0.42%	0.27%	0.27%
	TDG	B	0.07%	0.02%	0.02%
	TEAM	B	0.05%	0.04%	0.04%
	TER	F	0.05%	0.05%	0.05%
	TFC	B	0.19%	0.07%	0.07%
	TFX	F	0.03%	0.02%	0.02%
	TGT	C	0.28%	0.05%	0.05%
	TJX	B	0.43%	0.1%	0.1%
	TMO	F	0.15%	0.26%	0.15%
	TMUS	A	0.3%	0.16%	0.16%
	TOST	A	0.02%	0.01%	0.01%
	TPL	B	0.13%	0.42%	0.13%
	TRGP	B	0.26%	0.49%	0.26%
	TRMB	B	0.02%	0.08%	0.02%
	TROW	B	0.1%	0.03%	0.03%
	TRU	D	0.02%	0.07%	0.02%
	TRV	B	0.26%	0.1%	0.1%
	TSLA	B	0.7%	1.18%	0.7%
	TTD	B	0.06%	0.08%	0.06%
	TTWO	A	0.03%	0.03%	0.03%
	TW	C	0.02%	0.01%	0.01%
	TXN	C	0.28%	0.28%	0.28%
	TYL	B	0.04%	0.01%	0.01%
	UBER	F	0.1%	0.19%	0.1%
	ULTA	C	0.11%	0.06%	0.06%
	UNH	B	0.36%	0.71%	0.36%
	UNP	C	0.48%	0.23%	0.23%
	UPS	C	0.19%	0.07%	0.07%
	URI	B	0.2%	0.25%	0.2%
	USB	A	0.22%	0.09%	0.09%
	UTHR	B	0.1%	0.03%	0.03%
	V	A	0.58%	0.67%	0.58%
	VEEV	B	0.05%	0.08%	0.05%
	VLTO	C	0.06%	0.03%	0.03%
	VMC	B	0.05%	0.09%	0.05%
	VRSK	A	0.12%	0.13%	0.12%
	VRSN	C	0.02%	0.02%	0.02%
	VRT	B	0.13%	0.09%	0.09%
	VRTX	B	0.25%	0.17%	0.17%
	VTRS	B	0.09%	0.05%	0.05%
	VZ	C	0.44%	0.26%	0.26%
	WAB	A	0.04%	0.11%	0.04%
	WAT	A	0.05%	0.02%	0.02%
	WBD	B	0.03%	0.01%	0.01%
	WDAY	B	0.08%	0.04%	0.04%
	WFC	A	0.53%	0.32%	0.32%
	WMB	B	0.29%	0.22%	0.22%
	WMT	A	0.63%	0.33%	0.33%
	WRB	B	0.07%	0.02%	0.02%
	WST	B	0.05%	0.03%	0.03%
	WTRG	C	0.01%	0.06%	0.01%
	WTW	A	0.02%	0.05%	0.02%
	WYNN	F	0.01%	0.03%	0.01%
	XYL	D	0.04%	0.11%	0.04%
	YUM	B	0.04%	0.05%	0.04%
	Z	B	0.02%	0.04%	0.02%
	ZBH	C	0.05%	0.06%	0.05%
	ZM	B	0.04%	0.01%	0.01%
	ZTS	D	0.2%	0.11%	0.11%

AVLC Overweight 624 Positions Relative to CRBN

	Symbol	Grade	Weight
	XOM	B	1.04%
	CVX	B	0.63%
	CAT	C	0.55%
	COP	C	0.38%
	GM	A	0.29%
	EOG	A	0.28%
	FDX	B	0.25%
	PCAR	B	0.24%
	MPC	D	0.22%
	DAL	A	0.22%
	APD	B	0.22%
	LMT	C	0.22%
	F	C	0.2%
	KR	A	0.2%
	CMI	A	0.2%
	PSX	D	0.19%
	MMM	C	0.19%
	HES	C	0.19%
	GE	C	0.19%
	TSCO	C	0.18%
	LEN	D	0.18%
	UAL	B	0.18%
	NUE	C	0.17%
	FANG	D	0.17%
	RTX	C	0.16%
	DUK	D	0.16%
	VLO	D	0.16%
	EME	B	0.15%
	OXY	D	0.15%
	DOW	F	0.15%
	GEV	B	0.14%
	DVN	F	0.14%
	KMB	F	0.14%
	AEP	D	0.14%
	HON	B	0.14%
	MLM	B	0.14%
	STLD	B	0.13%
	CSL	B	0.13%
	IP	C	0.13%
	TT	A	0.13%
	BBY	D	0.12%
	LYB	F	0.12%
	ETR	B	0.12%
	CPNG	B	0.12%
	WSM	F	0.12%
	PHM	D	0.12%
	PKG	B	0.12%
	WM	A	0.12%
	CCL	A	0.12%
	VST	B	0.12%
	SO	D	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%
	RJF	A	0.11%
	BURL	C	0.11%
	SFM	B	0.11%
	CTRA	B	0.1%
	LII	B	0.1%
	LPLA	B	0.1%
	RPM	A	0.1%
	FIX	B	0.1%
	KMI	B	0.1%
	NVR	D	0.1%
	OC	A	0.1%
	SW	C	0.1%
	FLEX	B	0.1%
	EQT	B	0.1%
	CVNA	B	0.09%
	EXPD	D	0.09%
	COR	A	0.09%
	PFG	C	0.09%
	TXRH	A	0.09%
	GLW	C	0.09%
	CF	B	0.09%
	RNR	D	0.08%
	EXP	B	0.08%
	AEE	A	0.08%
	LUV	B	0.08%
	JBHT	B	0.08%
	RF	B	0.08%
	JEF	A	0.08%
	BG	D	0.08%
	BJ	B	0.08%
	DKS	F	0.08%
	TPR	B	0.08%
	HPE	B	0.08%
	EWBC	B	0.08%
	NCLH	B	0.08%
	FTI	B	0.08%
	CASY	B	0.08%
	DD	D	0.07%
	DTE	D	0.07%
	MCK	A	0.07%
	ORLY	A	0.07%
	WCC	B	0.07%
	SAIA	B	0.07%
	PPL	A	0.07%
	MUSA	B	0.07%
	SYY	B	0.07%
	INGR	B	0.07%
	JXN	B	0.07%
	WMS	F	0.07%
	TOL	C	0.07%
	MLI	B	0.07%
	PRI	A	0.07%
	BLDR	D	0.07%
	RGA	A	0.07%
	MOH	F	0.07%
	OVV	C	0.07%
	CRBG	C	0.06%
	KEY	B	0.06%
	COKE	C	0.06%
	DELL	B	0.06%
	NRG	B	0.06%
	WAL	B	0.06%
	CMA	A	0.06%
	PR	C	0.06%
	BWXT	A	0.06%
	LNTH	F	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%
	UHS	D	0.06%
	GPC	D	0.06%
	SPOT	A	0.06%
	CLX	A	0.06%
	LECO	C	0.06%
	DCI	A	0.06%
	GPK	D	0.06%
	BALL	D	0.06%
	PFGC	B	0.06%
	LPX	B	0.06%
	ANF	D	0.06%
	CBRE	A	0.06%
	BA	F	0.06%
	AES	F	0.06%
	VMI	B	0.05%
	AZO	C	0.05%
	ENSG	C	0.05%
	MHK	D	0.05%
	WBS	A	0.05%
	EMN	D	0.05%
	NOC	C	0.05%
	WTFC	B	0.05%
	PNW	B	0.05%
	ATO	A	0.05%
	JLL	C	0.05%
	RHI	B	0.05%
	CROX	F	0.05%
	MTDR	C	0.05%
	GD	A	0.05%
	WFRD	D	0.05%
	KHC	F	0.05%
	SKX	F	0.05%
	ZION	B	0.05%
	KMX	C	0.05%
	EVRG	A	0.05%
	D	D	0.05%
	ALV	C	0.05%
	HWM	A	0.05%
	HPQ	B	0.05%
	AIT	A	0.05%
	CBT	C	0.05%
	MOS	D	0.05%
	BWA	B	0.05%
	ARW	F	0.05%
	TXT	C	0.05%
	KNSL	C	0.05%
	R	A	0.05%
	AXS	A	0.05%
	WSO	A	0.05%
	PPG	F	0.05%
	FYBR	D	0.05%
	UFPI	B	0.05%
	CHRD	F	0.05%
	FND	F	0.05%
	UNM	A	0.05%
	ATR	A	0.05%
	VFC	C	0.04%
	CIVI	F	0.04%
	AWI	B	0.04%
	JCI	A	0.04%
	AA	C	0.04%
	KEX	B	0.04%
	EVR	B	0.04%
	NBIX	C	0.04%
	AOS	F	0.04%
	SSD	D	0.04%
	SOFI	B	0.04%
	ALNY	D	0.04%
	KNX	B	0.04%
	DINO	D	0.04%
	HRB	D	0.04%
	AGCO	F	0.04%
	XPO	B	0.04%
	CLF	D	0.04%
	CMC	B	0.04%
	SNX	C	0.04%
	APTV	D	0.04%
	WCN	A	0.04%
	OGE	B	0.04%
	JAZZ	B	0.04%
	HII	D	0.04%
	KD	A	0.04%
	MTG	C	0.04%
	FN	B	0.04%
	FMC	F	0.04%
	CRUS	F	0.04%
	TREX	C	0.04%
	ITT	A	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%
	CLH	B	0.04%
	KBH	D	0.04%
	GAP	B	0.04%
	FDS	A	0.04%
	LSTR	B	0.04%
	JKHY	C	0.04%
	EXPE	B	0.04%
	AAON	B	0.04%
	TSN	C	0.04%
	AYI	B	0.04%
	MSCI	B	0.04%
	SF	B	0.04%
	CHX	D	0.04%
	OMF	A	0.04%
	CFR	B	0.04%
	ORI	A	0.04%
	FOXA	A	0.04%
	LAD	B	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%
	DOX	C	0.03%
	ZS	B	0.03%
	BLD	F	0.03%
	IBP	F	0.03%
	COHR	B	0.03%
	PEGA	A	0.03%
	TKR	F	0.03%
	ENLC	B	0.03%
	NWSA	B	0.03%
	OLN	D	0.03%
	ZBRA	A	0.03%
	HALO	B	0.03%
	NU	B	0.03%
	UHAL	C	0.03%
	HLNE	B	0.03%
	LHX	A	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%
	HOLX	D	0.03%
	ESNT	D	0.03%
	SATS	C	0.03%
	EHC	A	0.03%
	CAH	A	0.03%
	MUR	F	0.03%
	AM	B	0.03%
	PVH	C	0.03%
	X	C	0.03%
	AR	B	0.03%
	SEIC	A	0.03%
	EXEL	B	0.03%
	DOV	A	0.03%
	CW	B	0.03%
	ALK	A	0.03%
	K	A	0.03%
	BPOP	C	0.03%
	STX	D	0.03%
	INCY	B	0.03%
	RGLD	C	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%
	WDC	D	0.03%
	CVLT	A	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%
	FIVE	F	0.02%
	AUR	D	0.02%
	DPZ	C	0.02%
	ROIV	C	0.02%
	MSA	D	0.02%
	CGNX	C	0.02%
	FRPT	B	0.02%
	INSM	D	0.02%
	PPC	B	0.02%
	BC	C	0.02%
	CHH	B	0.02%
	RBC	B	0.02%
	DOCS	B	0.02%
	HRL	F	0.02%
	MDU	F	0.02%
	VKTX	D	0.02%
	AZN	F	0.02%
	ARMK	B	0.02%
	HOMB	A	0.02%
	LNW	F	0.02%
	FCN	F	0.02%
	SWK	F	0.02%
	FSS	C	0.02%
	OZK	B	0.02%
	ALSN	A	0.02%
	NVT	B	0.02%
	NTRA	B	0.02%
	DAR	B	0.02%
	QRVO	F	0.02%
	SIGI	B	0.02%
	HLI	B	0.02%
	BMI	B	0.02%
	NOV	C	0.02%
	HAS	D	0.02%
	GLOB	B	0.02%
	ARES	B	0.02%
	LYV	B	0.02%
	JHG	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%
	BRKR	F	0.02%
	TECH	B	0.02%
	CNP	B	0.02%
	CCK	D	0.02%
	FOX	A	0.02%
	OLLI	C	0.02%
	LW	C	0.02%
	LFUS	D	0.02%
	DT	C	0.02%
	COOP	B	0.02%
	CSWI	B	0.02%
	NDAQ	A	0.02%
	CG	C	0.02%
	OSK	B	0.02%
	FBIN	F	0.02%
	MGY	B	0.02%
	MTH	D	0.02%
	FLR	C	0.02%
	JNPR	D	0.02%
	HESM	D	0.02%
	SON	D	0.02%
	QLYS	B	0.02%
	CADE	B	0.02%
	MASI	B	0.02%
	IVZ	C	0.02%
	PCVX	D	0.02%
	THC	B	0.02%
	TMHC	C	0.02%
	G	B	0.02%
	RVMD	B	0.02%
	IBKR	A	0.02%
	TPX	B	0.02%
	PB	B	0.02%
	NI	A	0.02%
	M	D	0.02%
	CHDN	C	0.02%
	NTNX	B	0.02%
	GME	C	0.02%
	LBRDK	C	0.02%
	AMKR	F	0.02%
	MEDP	C	0.02%
	CHRW	A	0.02%
	AFRM	B	0.02%
	LYFT	B	0.01%
	SEE	C	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%
	ZG	B	0.01%
	CFLT	B	0.01%
	CHWY	B	0.01%
	ADTN	B	0.01%
	TNET	D	0.01%
	GTLS	A	0.01%
	SMMT	D	0.01%
	RRX	C	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%
	BILL	A	0.01%
	CWEN	D	0.01%
	LEN	D	0.01%
	VAL	F	0.01%
	VERX	B	0.01%
	UI	B	0.01%
	SUM	C	0.01%
	ALTR	C	0.01%
	PEN	B	0.01%
	NOVT	C	0.01%
	CE	F	0.01%
	CACC	D	0.01%
	U	F	0.01%
	CAG	F	0.01%
	CPB	F	0.01%
	PATH	C	0.01%
	GXO	B	0.01%
	TDW	F	0.01%
	BRBR	A	0.01%
	HEI	B	0.01%
	NWS	B	0.01%
	PCOR	B	0.01%
	ZETA	D	0.01%
	HQY	B	0.01%
	HXL	D	0.01%
	BROS	B	0.01%
	FOUR	B	0.01%
	AVAV	C	0.01%
	PSN	B	0.01%
	ESAB	B	0.01%
	MTN	D	0.01%
	MORN	B	0.01%
	DDS	C	0.01%
	ESTC	C	0.01%
	GTLB	B	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%
	NXST	C	0.01%
	MKSI	C	0.01%
	DUOL	B	0.01%
	MARA	C	0.01%
	LKQ	D	0.01%
	DBX	B	0.01%
	VRNS	D	0.01%
	CWAN	B	0.01%
	RRR	F	0.01%
	LSCC	D	0.01%
	BECN	B	0.01%
	APPF	B	0.01%
	USFD	A	0.01%
	BSY	F	0.01%
	BOKF	B	0.01%
	VNT	B	0.01%
	CACI	C	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%
	WEX	D	0.01%
	XP	F	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%
	VVV	B	0.01%
	SMAR	A	0.01%
	ZWS	B	0.01%
	TTEK	C	0.01%
	WING	D	0.01%
	BIO	C	0.01%
	AL	B	0.01%
	LNC	B	0.01%
	MKC	D	0.01%
	PFSI	D	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%
	THO	B	0.01%
	ELAN	D	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%
	WHR	B	0.0%
	RARE	D	0.0%
	HIMS	B	0.0%
	EMBC	B	0.0%
	KLG	D	0.0%
	COTY	F	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%
	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	C	0.0%
	APLS	F	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%
	ZI	D	0.0%
	CAR	C	0.0%
	TDC	D	0.0%
	RDN	C	0.0%
	CWEN	D	0.0%
	HCP	A	0.0%
	EEFT	C	0.0%
	HRI	B	0.0%
	SNDR	B	0.0%
	WK	B	0.0%
	ALIT	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%
	BIRK	F	0.0%
	OWL	B	0.0%
	ESI	B	0.0%
	CRDO	B	0.0%
	CZR	F	0.0%
	INSP	F	0.0%
	AMG	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%
	CNA	C	0.0%
	RDDT	B	0.0%
	NUVL	D	0.0%
	SAIC	C	0.0%
	ALGM	F	0.0%
	RBRK	B	0.0%
	SLGN	A	0.0%
	TKO	D	0.0%
	RH	C	0.0%
	FLUT	A	0.0%
	HEI	B	0.0%
	ELF	C	0.0%
	APG	B	0.0%

AVLC Underweight 49 Positions Relative to CRBN

	Symbol	Grade	Weight
	BABA	D	-0.25%
	MUFG	A	-0.23%
	SONY	C	-0.18%
	BLK	B	-0.17%
	SMFG	B	-0.15%
	PLD	D	-0.14%
	AMT	F	-0.13%
	NMR	C	-0.12%
	TEL	B	-0.11%
	EQIX	B	-0.11%
	SPG	B	-0.11%
	PSA	C	-0.1%
	MFG	B	-0.1%
	LI	F	-0.1%
	GEN	A	-0.08%
	CCI	F	-0.08%
	VICI	D	-0.07%
	WELL	B	-0.07%
	DLR	C	-0.06%
	IBN	C	-0.06%
	IRM	D	-0.06%
	HST	C	-0.05%
	SBAC	D	-0.05%
	COO	D	-0.05%
	EXR	D	-0.05%
	AVB	A	-0.04%
	FWONK	A	-0.04%
	WIT	B	-0.04%
	HDB	C	-0.04%
	AZPN	A	-0.03%
	BIDU	F	-0.03%
	BXP	D	-0.03%
	MBAVU	C	-0.03%
	EQR	C	-0.03%
	CHT	C	-0.03%
	INVH	D	-0.02%
	TCOM	C	-0.02%
	GLPI	D	-0.02%
	ARE	F	-0.01%
	MNSO	C	-0.01%
	ESS	C	-0.01%
	NIO	F	-0.01%
	DOC	C	-0.01%
	O	D	-0.01%
	XPEV	B	-0.01%
	KIM	A	-0.01%
	NLY	C	-0.01%
	TME	F	-0.0%
	REG	A	-0.0%

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

CRBN: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Semiconductors Diversified Industrials Software - Infrastructure Asset Management Internet Content & Information Drug Manufacturers - Major Insurance - Property & Casualty Capital Markets Information Technology Services Medical Devices Medical Instruments & Supplies Banks - Regional - US Credit Services Telecom Services Banks - Global Health Care Plans Insurance - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Bank Telecommunications Medicine Banking Electronics Natural Gas Semiconductor Cloud Computing Real Estate Investment Trust Mobile Devices Insurance Products Software Work From Home Biotechnology IBD 50