AVLC vs. CSM ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to ProShares Large Cap Core Plus (CSM)

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

$69.74

Average Daily Volume

19,482

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.68

Average Daily Volume

7,638

Number of Holdings ^*

300

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	CSM
30 Days	4.71%	2.89%
60 Days	6.29%	4.45%
90 Days	7.72%	6.39%
12 Months	33.08%	32.21%

283 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in CSM	Overlap
	A	D	0.06%	0.29%	0.06%
	AAPL	C	5.24%	5.01%	5.01%
	ABBV	D	0.38%	0.2%	0.2%
	ABNB	C	0.07%	0.08%	0.07%
	ABT	B	0.2%	0.06%	0.06%
	ACGL	D	0.15%	0.34%	0.15%
	ACN	C	0.32%	0.05%	0.05%
	ADBE	C	0.33%	0.49%	0.33%
	ADM	D	0.11%	0.21%	0.11%
	ADSK	A	0.09%	0.16%	0.09%
	AES	F	0.06%	0.21%	0.06%
	AIZ	A	0.05%	0.33%	0.05%
	AKAM	D	0.03%	0.18%	0.03%
	ALL	A	0.2%	0.4%	0.2%
	ALLE	D	0.02%	0.31%	0.02%
	AMAT	F	0.36%	0.2%	0.2%
	AMD	F	0.31%	0.15%	0.15%
	AME	A	0.05%	0.27%	0.05%
	AMGN	D	0.19%	0.04%	0.04%
	AMZN	C	3.03%	2.62%	2.62%
	ANET	C	0.15%	0.29%	0.15%
	AOS	F	0.03%	0.06%	0.03%
	APA	D	0.03%	0.22%	0.03%
	APD	A	0.22%	0.38%	0.22%
	APH	A	0.12%	0.41%	0.12%
	APTV	D	0.04%	0.2%	0.04%
	AVGO	D	1.11%	1.17%	1.11%
	BAC	A	0.42%	0.29%	0.29%
	BAX	D	0.02%	0.26%	0.02%
	BBY	D	0.12%	0.27%	0.12%
	BDX	F	0.05%	0.37%	0.05%
	BEN	C	0.01%	0.31%	0.01%
	BG	F	0.08%	0.34%	0.08%
	BIIB	F	0.03%	0.14%	0.03%
	BK	A	0.18%	0.06%	0.06%
	BKR	B	0.18%	0.09%	0.09%
	BLDR	D	0.07%	0.17%	0.07%
	BMY	B	0.18%	0.48%	0.18%
	BRK.A	B	0.67%	0.96%	0.67%
	BRO	B	0.02%	0.33%	0.02%
	BWA	D	0.05%	0.15%	0.05%
	CAG	D	0.01%	0.1%	0.01%
	CAH	B	0.03%	0.34%	0.03%
	CBOE	B	0.03%	0.33%	0.03%
	CBRE	B	0.06%	0.37%	0.06%
	CCL	B	0.13%	0.34%	0.13%
	CDNS	B	0.12%	0.15%	0.12%
	CE	F	0.01%	0.25%	0.01%
	CFG	B	0.08%	0.17%	0.08%
	CHD	B	0.05%	0.06%	0.05%
	CHRW	C	0.03%	0.04%	0.03%
	CI	F	0.07%	0.39%	0.07%
	CLX	B	0.06%	0.06%	0.06%
	CMCSA	B	0.38%	0.14%	0.14%
	CME	A	0.12%	0.42%	0.12%
	CMG	B	0.23%	0.04%	0.04%
	CNC	D	0.08%	0.28%	0.08%
	CNP	B	0.02%	0.35%	0.02%
	COF	B	0.23%	0.18%	0.18%
	COR	B	0.09%	0.32%	0.09%
	COST	B	0.94%	0.32%	0.32%
	CPB	D	0.01%	0.1%	0.01%
	CRL	C	0.01%	0.23%	0.01%
	CRM	B	0.44%	0.78%	0.44%
	CRWD	B	0.11%	0.19%	0.11%
	CSCO	B	0.3%	0.05%	0.05%
	CSGP	D	0.04%	0.04%	0.04%
	CSX	B	0.26%	0.23%	0.23%
	CTLT	B	0.03%	0.06%	0.03%
	CTSH	B	0.13%	0.32%	0.13%
	CTVA	C	0.08%	0.1%	0.08%
	CVS	D	0.05%	0.34%	0.05%
	CVX	A	0.64%	0.1%	0.1%
	DFS	B	0.08%	0.16%	0.08%
	DG	F	0.06%	0.24%	0.06%
	DHI	D	0.12%	0.08%	0.08%
	DHR	F	0.13%	0.03%	0.03%
	DIS	B	0.18%	0.11%	0.11%
	DOW	F	0.14%	0.32%	0.14%
	DPZ	C	0.01%	0.05%	0.01%
	DTE	C	0.07%	0.33%	0.07%
	DUK	C	0.16%	0.36%	0.16%
	DVN	F	0.14%	0.31%	0.14%
	DXCM	D	0.05%	0.09%	0.05%
	EBAY	D	0.14%	0.07%	0.07%
	EG	C	0.08%	0.33%	0.08%
	EIX	B	0.09%	0.36%	0.09%
	EL	F	0.02%	0.24%	0.02%
	EMN	D	0.04%	0.32%	0.04%
	EPAM	C	0.04%	0.04%	0.04%
	ERIE	D	0.02%	0.3%	0.02%
	ETN	A	0.14%	0.4%	0.14%
	EXC	C	0.1%	0.37%	0.1%
	F	C	0.2%	0.15%	0.15%
	FANG	D	0.17%	0.32%	0.17%
	FCX	D	0.18%	0.12%	0.12%
	FDS	B	0.04%	0.05%	0.04%
	FE	C	0.02%	0.28%	0.02%
	FFIV	B	0.03%	0.32%	0.03%
	FIS	C	0.06%	0.07%	0.06%
	FITB	A	0.14%	0.14%	0.14%
	FMC	D	0.04%	0.06%	0.04%
	FOXA	B	0.05%	0.25%	0.05%
	FSLR	F	0.1%	0.11%	0.1%
	FTNT	C	0.23%	0.31%	0.23%
	FTV	C	0.01%	0.34%	0.01%
	GDDY	A	0.08%	0.35%	0.08%
	GE	D	0.2%	0.55%	0.2%
	GEHC	F	0.03%	0.21%	0.03%
	GEV	B	0.13%	0.05%	0.05%
	GL	B	0.06%	0.31%	0.06%
	GM	B	0.31%	0.4%	0.31%
	GOOG	C	1.3%	1.01%	1.01%
	GOOGL	C	1.57%	1.25%	1.25%
	GRMN	B	0.1%	0.11%	0.1%
	HAL	C	0.13%	0.23%	0.13%
	HBAN	A	0.11%	0.26%	0.11%
	HCA	F	0.05%	0.16%	0.05%
	HD	A	0.58%	0.34%	0.34%
	HES	B	0.19%	0.15%	0.15%
	HIG	B	0.19%	0.34%	0.19%
	HII	D	0.04%	0.23%	0.04%
	HOLX	D	0.03%	0.12%	0.03%
	HPQ	B	0.05%	0.16%	0.05%
	HRL	D	0.02%	0.06%	0.02%
	HWM	A	0.05%	0.35%	0.05%
	IBM	C	0.27%	0.04%	0.04%
	IDXX	F	0.11%	0.29%	0.11%
	INCY	C	0.03%	0.15%	0.03%
	INTC	D	0.16%	0.21%	0.16%
	INTU	C	0.27%	0.55%	0.27%
	IP	B	0.13%	0.06%	0.06%
	IPG	D	0.01%	0.11%	0.01%
	IQV	D	0.04%	0.22%	0.04%
	IR	B	0.05%	0.32%	0.05%
	ISRG	A	0.18%	0.09%	0.09%
	IVZ	B	0.02%	0.29%	0.02%
	J	F	0.01%	0.04%	0.01%
	JBL	B	0.1%	0.08%	0.08%
	JKHY	D	0.04%	0.13%	0.04%
	JNJ	D	0.58%	0.42%	0.42%
	JPM	A	1.19%	0.66%	0.66%
	KDP	D	0.05%	0.31%	0.05%
	KHC	F	0.05%	0.11%	0.05%
	KMB	D	0.14%	0.38%	0.14%
	KMI	A	0.1%	0.12%	0.1%
	KMX	B	0.05%	0.2%	0.05%
	KO	D	0.4%	0.13%	0.13%
	KR	B	0.2%	0.35%	0.2%
	L	A	0.07%	0.33%	0.07%
	LDOS	C	0.03%	0.28%	0.03%
	LEN	D	0.17%	0.36%	0.17%
	LEN	D	0.01%	0.36%	0.01%
	LIN	D	0.21%	0.08%	0.08%
	LKQ	D	0.01%	0.1%	0.01%
	LLY	F	0.79%	1.15%	0.79%
	LMT	D	0.23%	0.31%	0.23%
	LNT	A	0.04%	0.09%	0.04%
	LOW	D	0.12%	0.05%	0.05%
	LRCX	F	0.34%	0.17%	0.17%
	LYB	F	0.11%	0.32%	0.11%
	LYV	A	0.02%	0.34%	0.02%
	MA	C	0.66%	0.38%	0.38%
	MAR	B	0.05%	0.09%	0.05%
	MAS	D	0.02%	0.04%	0.02%
	MCD	D	0.16%	0.04%	0.04%
	MCK	B	0.07%	0.44%	0.07%
	MCO	B	0.1%	0.38%	0.1%
	MDT	D	0.12%	0.26%	0.12%
	MET	A	0.2%	0.37%	0.2%
	META	D	2.26%	1.6%	1.6%
	MGM	D	0.01%	0.18%	0.01%
	MKC	D	0.01%	0.06%	0.01%
	MMC	B	0.09%	0.04%	0.04%
	MOH	F	0.07%	0.1%	0.07%
	MPC	D	0.22%	0.15%	0.15%
	MPWR	F	0.04%	0.22%	0.04%
	MRK	F	0.32%	0.66%	0.32%
	MSCI	C	0.05%	0.15%	0.05%
	MSFT	F	4.39%	4.33%	4.33%
	MSI	B	0.23%	0.23%	0.23%
	MTB	A	0.12%	0.32%	0.12%
	MTCH	D	0.01%	0.07%	0.01%
	MTD	D	0.03%	0.27%	0.03%
	MU	D	0.17%	0.42%	0.17%
	NCLH	B	0.08%	0.3%	0.08%
	NEM	D	0.02%	0.36%	0.02%
	NFLX	A	0.48%	0.48%	0.48%
	NOC	D	0.05%	0.37%	0.05%
	NOW	A	0.3%	0.13%	0.13%
	NRG	B	0.05%	0.33%	0.05%
	NTRS	A	0.11%	0.3%	0.11%
	NUE	C	0.16%	0.07%	0.07%
	NVDA	C	4.82%	4.79%	4.79%
	NVR	D	0.1%	0.33%	0.1%
	NWSA	B	0.03%	0.05%	0.03%
	OKE	A	0.2%	0.19%	0.19%
	OMC	C	0.02%	0.22%	0.02%
	ORCL	B	0.42%	0.13%	0.13%
	OTIS	C	0.04%	0.34%	0.04%
	PANW	C	0.19%	0.19%	0.19%
	PARA	C	0.01%	0.19%	0.01%
	PAYX	C	0.17%	0.07%	0.07%
	PCG	A	0.13%	0.28%	0.13%
	PEP	F	0.27%	0.33%	0.27%
	PFE	D	0.15%	0.23%	0.15%
	PFG	D	0.09%	0.11%	0.09%
	PG	A	0.39%	0.44%	0.39%
	PGR	A	0.46%	0.23%	0.23%
	PH	A	0.09%	0.42%	0.09%
	PHM	D	0.12%	0.33%	0.12%
	PM	B	0.18%	0.04%	0.04%
	PNR	A	0.02%	0.33%	0.02%
	PNW	B	0.05%	0.14%	0.05%
	PPG	F	0.05%	0.24%	0.05%
	PRU	A	0.18%	0.35%	0.18%
	PSX	C	0.19%	0.12%	0.12%
	PTC	A	0.03%	0.04%	0.03%
	PYPL	B	0.32%	0.25%	0.25%
	QCOM	F	0.48%	0.51%	0.48%
	QRVO	F	0.02%	0.2%	0.02%
	RCL	A	0.28%	0.38%	0.28%
	REGN	F	0.14%	0.4%	0.14%
	RF	A	0.08%	0.05%	0.05%
	RJF	A	0.11%	0.35%	0.11%
	RL	B	0.05%	0.31%	0.05%
	RMD	C	0.07%	0.21%	0.07%
	ROL	B	0.03%	0.27%	0.03%
	ROP	B	0.09%	0.12%	0.09%
	ROST	C	0.21%	0.04%	0.04%
	RSG	A	0.04%	0.33%	0.04%
	SJM	D	0.01%	0.19%	0.01%
	SLB	C	0.09%	0.3%	0.09%
	SMCI	F	0.01%	0.04%	0.01%
	SNA	A	0.08%	0.26%	0.08%
	SNPS	B	0.12%	0.39%	0.12%
	SO	D	0.13%	0.28%	0.13%
	SPGI	C	0.09%	0.55%	0.09%
	STE	F	0.04%	0.32%	0.04%
	STLD	B	0.12%	0.13%	0.12%
	STX	D	0.03%	0.29%	0.03%
	SWK	D	0.02%	0.28%	0.02%
	SWKS	F	0.07%	0.21%	0.07%
	SYF	B	0.15%	0.32%	0.15%
	T	A	0.42%	0.21%	0.21%
	TAP	C	0.05%	0.34%	0.05%
	TDY	B	0.03%	0.12%	0.03%
	TFX	F	0.02%	0.22%	0.02%
	TGT	F	0.29%	0.36%	0.29%
	TJX	A	0.44%	0.49%	0.44%
	TMO	F	0.15%	0.53%	0.15%
	TMUS	B	0.31%	0.48%	0.31%
	TRGP	B	0.27%	0.38%	0.27%
	TRMB	B	0.02%	0.04%	0.02%
	TROW	B	0.1%	0.33%	0.1%
	TRV	B	0.26%	0.11%	0.11%
	TSLA	B	0.78%	0.91%	0.78%
	TSN	B	0.05%	0.35%	0.05%
	TT	A	0.14%	0.44%	0.14%
	TXT	D	0.05%	0.25%	0.05%
	UAL	A	0.19%	0.33%	0.19%
	UBER	D	0.09%	0.5%	0.09%
	UHS	D	0.06%	0.31%	0.06%
	UNH	C	0.36%	0.5%	0.36%
	URI	B	0.2%	0.12%	0.12%
	V	A	0.59%	0.46%	0.46%
	VLO	C	0.17%	0.08%	0.08%
	VRSN	F	0.02%	0.24%	0.02%
	VRTX	F	0.25%	0.46%	0.25%
	VTRS	A	0.09%	0.2%	0.09%
	VZ	C	0.45%	0.05%	0.05%
	WAB	B	0.04%	0.26%	0.04%
	WBA	F	0.0%	0.16%	0.0%
	WDC	D	0.03%	0.22%	0.03%
	WFC	A	0.55%	0.15%	0.15%
	WM	A	0.13%	0.04%	0.04%
	WMT	A	0.64%	0.26%	0.26%
	WRB	A	0.07%	0.09%	0.07%
	WYNN	D	0.01%	0.33%	0.01%
	XEL	A	0.11%	0.37%	0.11%
	XOM	B	1.04%	0.52%	0.52%
	XYL	D	0.04%	0.26%	0.04%
	ZTS	D	0.2%	0.17%	0.17%

AVLC Overweight 693 Positions Relative to CSM

	Symbol	Grade	Weight
	CAT	B	0.52%
	UNP	C	0.47%
	GS	A	0.44%
	AXP	A	0.4%
	MELI	D	0.39%
	COP	C	0.38%
	ADP	B	0.36%
	MS	A	0.35%
	GILD	C	0.35%
	EOG	A	0.3%
	DE	A	0.3%
	WMB	A	0.29%
	FDX	B	0.26%
	TXN	C	0.26%
	AMP	A	0.26%
	PCAR	B	0.25%
	C	A	0.23%
	GWW	B	0.23%
	USB	A	0.23%
	LNG	B	0.23%
	DAL	C	0.23%
	NSC	B	0.22%
	CB	C	0.22%
	PNC	B	0.22%
	KLAC	D	0.21%
	CMI	A	0.21%
	SCHW	B	0.21%
	FAST	B	0.2%
	AIG	B	0.2%
	MMM	D	0.19%
	TFC	A	0.19%
	UPS	C	0.19%
	AFL	B	0.19%
	PLTR	B	0.18%
	CL	D	0.18%
	BLK	C	0.18%
	TSCO	D	0.17%
	NKE	D	0.17%
	DECK	A	0.16%
	APP	B	0.16%
	RTX	C	0.16%
	APO	B	0.16%
	ADI	D	0.15%
	OXY	D	0.15%
	HON	B	0.15%
	KKR	A	0.15%
	LULU	C	0.15%
	AEP	D	0.14%
	SHW	A	0.14%
	MLM	B	0.14%
	EME	C	0.14%
	ODFL	B	0.14%
	VRT	B	0.13%
	BKNG	A	0.13%
	VST	B	0.13%
	CSL	C	0.13%
	ELV	F	0.13%
	TPL	A	0.13%
	SYK	C	0.12%
	CTAS	B	0.12%
	ETR	B	0.12%
	SFM	A	0.12%
	FCNCA	A	0.12%
	MKL	A	0.12%
	CPNG	D	0.12%
	PKG	A	0.12%
	ITW	B	0.12%
	BSX	B	0.12%
	ON	D	0.12%
	VRSK	A	0.12%
	ULTA	F	0.11%
	BX	A	0.11%
	MRVL	B	0.11%
	OC	A	0.11%
	MRO	B	0.11%
	EQT	B	0.11%
	BURL	A	0.11%
	CEG	D	0.11%
	WSM	B	0.11%
	DRI	B	0.1%
	CPRT	A	0.1%
	AON	A	0.1%
	PEG	A	0.1%
	STT	A	0.1%
	FLEX	A	0.1%
	RPM	A	0.1%
	SW	A	0.1%
	LPLA	A	0.1%
	CTRA	B	0.1%
	UTHR	C	0.1%
	FIX	A	0.1%
	MSTR	C	0.09%
	MO	A	0.09%
	LVS	C	0.09%
	CVNA	B	0.09%
	EXPD	D	0.09%
	EQH	B	0.09%
	MDLZ	F	0.09%
	GLW	B	0.09%
	SBUX	A	0.09%
	IT	C	0.09%
	HSY	F	0.09%
	PWR	A	0.09%
	TXRH	C	0.09%
	CF	B	0.09%
	LII	A	0.09%
	OVV	B	0.08%
	EW	C	0.08%
	NXPI	D	0.08%
	JBHT	C	0.08%
	RGA	A	0.08%
	LUV	C	0.08%
	BJ	A	0.08%
	FICO	B	0.08%
	DKS	C	0.08%
	AEE	A	0.08%
	WDAY	B	0.08%
	TPR	B	0.08%
	FNF	B	0.08%
	COIN	C	0.08%
	JEF	A	0.08%
	HPE	B	0.08%
	FTI	A	0.08%
	ED	D	0.08%
	CASY	A	0.08%
	EWBC	A	0.08%
	SQ	B	0.07%
	ICE	C	0.07%
	CINF	A	0.07%
	WCC	B	0.07%
	PAYC	B	0.07%
	ORLY	B	0.07%
	SAIA	B	0.07%
	JXN	C	0.07%
	DLTR	F	0.07%
	MLI	C	0.07%
	SPOT	B	0.07%
	SYY	B	0.07%
	TOL	B	0.07%
	INGR	B	0.07%
	POOL	C	0.07%
	PPL	B	0.07%
	RS	B	0.07%
	MUSA	A	0.07%
	NEE	D	0.07%
	FI	A	0.07%
	TDG	D	0.07%
	RNR	C	0.07%
	SRE	A	0.07%
	PRI	A	0.07%
	EXP	A	0.07%
	UNM	A	0.06%
	ALLY	C	0.06%
	PR	B	0.06%
	VLTO	D	0.06%
	COKE	C	0.06%
	KVUE	A	0.06%
	WAL	B	0.06%
	CMA	A	0.06%
	LECO	B	0.06%
	IFF	D	0.06%
	ATI	D	0.06%
	BA	F	0.06%
	WMS	D	0.06%
	CMS	C	0.06%
	CARR	D	0.06%
	MANH	D	0.06%
	GPC	D	0.06%
	GNRC	B	0.06%
	AFG	A	0.06%
	GPK	C	0.06%
	BWXT	B	0.06%
	DCI	B	0.06%
	PFGC	B	0.06%
	EA	A	0.06%
	ANF	C	0.06%
	DASH	A	0.06%
	KEYS	A	0.06%
	DD	D	0.06%
	LPX	B	0.06%
	NTAP	C	0.06%
	ECL	D	0.06%
	BALL	D	0.06%
	VMI	B	0.05%
	ORI	A	0.05%
	ENSG	D	0.05%
	AZO	C	0.05%
	CROX	D	0.05%
	ZM	B	0.05%
	WFRD	D	0.05%
	MOS	F	0.05%
	SKX	D	0.05%
	JLL	D	0.05%
	AJG	B	0.05%
	RHI	B	0.05%
	WBS	A	0.05%
	MKTX	D	0.05%
	ZBH	C	0.05%
	ARW	D	0.05%
	CBT	C	0.05%
	HUM	C	0.05%
	WTFC	A	0.05%
	VMC	B	0.05%
	ATO	A	0.05%
	MTDR	B	0.05%
	AAON	B	0.05%
	MCHP	D	0.05%
	D	C	0.05%
	GD	F	0.05%
	TER	D	0.05%
	SNOW	C	0.05%
	CDW	F	0.05%
	ALV	C	0.05%
	AXON	A	0.05%
	HUBS	A	0.05%
	DDOG	A	0.05%
	EVRG	A	0.05%
	CHRD	D	0.05%
	VEEV	C	0.05%
	STZ	D	0.05%
	WAT	B	0.05%
	UFPI	B	0.05%
	ZION	B	0.05%
	LNTH	D	0.05%
	AIT	A	0.05%
	GGG	B	0.05%
	FYBR	D	0.05%
	WST	C	0.05%
	AXS	A	0.05%
	DOCU	A	0.05%
	WSO	A	0.05%
	FND	C	0.05%
	CRBG	B	0.05%
	TEAM	A	0.05%
	R	B	0.05%
	HOOD	B	0.05%
	TTD	B	0.05%
	KNSL	B	0.05%
	DELL	C	0.05%
	EMR	A	0.05%
	HLT	A	0.05%
	CHTR	C	0.05%
	KEY	B	0.05%
	ATR	B	0.05%
	AGCO	D	0.04%
	ALNY	D	0.04%
	EVR	B	0.04%
	DTM	B	0.04%
	AWI	A	0.04%
	SSD	D	0.04%
	TWLO	A	0.04%
	KNX	B	0.04%
	SNX	C	0.04%
	KEX	C	0.04%
	NBIX	C	0.04%
	ILMN	D	0.04%
	HUBB	B	0.04%
	NSIT	F	0.04%
	PSTG	D	0.04%
	JCI	C	0.04%
	XPO	B	0.04%
	YUM	B	0.04%
	DINO	D	0.04%
	FN	D	0.04%
	LH	C	0.04%
	ROK	B	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	B	0.04%
	WCN	A	0.04%
	TREX	C	0.04%
	ITT	A	0.04%
	KBH	D	0.04%
	KD	B	0.04%
	WEC	A	0.04%
	AXTA	A	0.04%
	SOFI	A	0.04%
	RRC	B	0.04%
	CLH	B	0.04%
	BR	A	0.04%
	JAZZ	B	0.04%
	CRS	A	0.04%
	FHN	A	0.04%
	ANSS	B	0.04%
	GAP	C	0.04%
	LSTR	D	0.04%
	SF	B	0.04%
	CBSH	A	0.04%
	AYI	B	0.04%
	CHX	C	0.04%
	CFR	B	0.04%
	OMF	A	0.04%
	EXPE	B	0.04%
	MHK	D	0.04%
	DOX	D	0.03%
	MEDP	D	0.03%
	GWRE	A	0.03%
	IBKR	A	0.03%
	COHR	B	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%
	MRNA	F	0.03%
	GMED	A	0.03%
	TKR	D	0.03%
	DY	D	0.03%
	IEX	B	0.03%
	FAF	A	0.03%
	ENLC	A	0.03%
	UHAL	D	0.03%
	RLI	B	0.03%
	GME	C	0.03%
	X	C	0.03%
	AFRM	B	0.03%
	HALO	F	0.03%
	OLN	D	0.03%
	PEGA	A	0.03%
	NYT	C	0.03%
	ZS	C	0.03%
	AWK	D	0.03%
	ZBRA	B	0.03%
	MTZ	B	0.03%
	MDB	C	0.03%
	PODD	C	0.03%
	HLNE	B	0.03%
	WWD	B	0.03%
	EXPO	D	0.03%
	NU	C	0.03%
	VOYA	B	0.03%
	BMRN	D	0.03%
	LHX	C	0.03%
	MUR	D	0.03%
	AM	A	0.03%
	PVH	C	0.03%
	GNTX	C	0.03%
	EHC	B	0.03%
	RGLD	C	0.03%
	EXEL	B	0.03%
	TTWO	A	0.03%
	RIVN	F	0.03%
	ESNT	D	0.03%
	MAT	D	0.03%
	SEIC	B	0.03%
	AA	B	0.03%
	GIS	D	0.03%
	DOV	A	0.03%
	K	A	0.03%
	ALK	C	0.03%
	CW	B	0.03%
	SSB	B	0.03%
	BPOP	B	0.03%
	VFC	C	0.03%
	TTC	D	0.03%
	CIEN	B	0.03%
	BAH	F	0.03%
	WBD	C	0.03%
	CIVI	D	0.03%
	AR	B	0.03%
	MNST	C	0.03%
	PNFP	B	0.03%
	LEA	D	0.03%
	CLF	F	0.03%
	CVLT	B	0.03%
	AVY	D	0.03%
	HRB	D	0.03%
	SNV	B	0.03%
	ONB	B	0.03%
	PCTY	B	0.02%
	EXLS	B	0.02%
	LNW	D	0.02%
	ROIV	C	0.02%
	MSA	D	0.02%
	BC	C	0.02%
	INSM	C	0.02%
	FRPT	B	0.02%
	RBC	A	0.02%
	TRU	D	0.02%
	PPC	C	0.02%
	CHH	A	0.02%
	OKTA	C	0.02%
	ARMK	B	0.02%
	FCN	D	0.02%
	AZN	D	0.02%
	MDU	D	0.02%
	NVT	B	0.02%
	HOMB	A	0.02%
	ALSN	B	0.02%
	OZK	B	0.02%
	WTW	B	0.02%
	FSS	B	0.02%
	ROKU	D	0.02%
	OLED	D	0.02%
	ONTO	D	0.02%
	CNM	D	0.02%
	NOV	C	0.02%
	HAS	D	0.02%
	SIGI	C	0.02%
	DAR	C	0.02%
	BRKR	D	0.02%
	BMI	B	0.02%
	HLI	B	0.02%
	ARES	A	0.02%
	FLR	B	0.02%
	GLOB	B	0.02%
	JHG	A	0.02%
	OLLI	D	0.02%
	Z	A	0.02%
	MMSI	B	0.02%
	AMCR	D	0.02%
	MOG.A	B	0.02%
	CHE	D	0.02%
	FLS	B	0.02%
	DOCS	C	0.02%
	TOST	B	0.02%
	LFUS	F	0.02%
	TECH	D	0.02%
	SWX	B	0.02%
	ES	D	0.02%
	CCK	C	0.02%
	FBIN	D	0.02%
	LW	C	0.02%
	EFX	F	0.02%
	MTH	D	0.02%
	SN	D	0.02%
	DT	C	0.02%
	COOP	B	0.02%
	CG	A	0.02%
	ENTG	D	0.02%
	OSK	B	0.02%
	CSWI	A	0.02%
	PINS	D	0.02%
	FOX	A	0.02%
	M	D	0.02%
	HESM	B	0.02%
	MGY	A	0.02%
	PCVX	D	0.02%
	NTRA	B	0.02%
	NDAQ	A	0.02%
	JNPR	F	0.02%
	QLYS	C	0.02%
	TW	A	0.02%
	SON	D	0.02%
	RVTY	F	0.02%
	THC	D	0.02%
	TMHC	B	0.02%
	AMKR	D	0.02%
	RVMD	C	0.02%
	MASI	A	0.02%
	CHDN	B	0.02%
	LBRDK	C	0.02%
	CADE	B	0.02%
	TPX	B	0.02%
	ACM	A	0.02%
	RPRX	D	0.02%
	WLK	D	0.02%
	NTNX	A	0.02%
	NI	A	0.02%
	PB	A	0.02%
	SATS	D	0.02%
	GFS	C	0.01%
	SNAP	C	0.01%
	LYFT	C	0.01%
	HEI	B	0.01%
	SEE	C	0.01%
	RMBS	C	0.01%
	ELF	C	0.01%
	FLUT	A	0.01%
	H	B	0.01%
	PAG	B	0.01%
	NEU	C	0.01%
	SMMT	D	0.01%
	IONS	F	0.01%
	ADTN	A	0.01%
	PI	D	0.01%
	RRX	B	0.01%
	ZG	A	0.01%
	BBWI	D	0.01%
	CFLT	B	0.01%
	TNET	D	0.01%
	CYTK	F	0.01%
	CHWY	B	0.01%
	LCID	F	0.01%
	AAL	B	0.01%
	GTLS	B	0.01%
	U	C	0.01%
	CWEN	C	0.01%
	TDW	F	0.01%
	EXAS	D	0.01%
	RGEN	D	0.01%
	VAL	D	0.01%
	NOVT	D	0.01%
	VERX	B	0.01%
	SUM	B	0.01%
	ALTR	B	0.01%
	CACC	D	0.01%
	PEN	B	0.01%
	WTRG	B	0.01%
	DKNG	B	0.01%
	NDSN	B	0.01%
	GXO	B	0.01%
	HQY	B	0.01%
	NXST	C	0.01%
	PATH	C	0.01%
	AVAV	D	0.01%
	NWS	B	0.01%
	HXL	D	0.01%
	ESAB	B	0.01%
	DDS	B	0.01%
	BRBR	A	0.01%
	PCOR	B	0.01%
	NPAB	B	0.01%
	ACHC	F	0.01%
	PSN	D	0.01%
	DLB	B	0.01%
	FOUR	B	0.01%
	MORN	B	0.01%
	HEI	B	0.01%
	GTLB	B	0.01%
	HSIC	B	0.01%
	BROS	B	0.01%
	MTN	C	0.01%
	SOLV	C	0.01%
	MKSI	C	0.01%
	KRYS	B	0.01%
	AGR	B	0.01%
	BILL	A	0.01%
	CWAN	B	0.01%
	RRR	D	0.01%
	LSCC	D	0.01%
	ESTC	C	0.01%
	UI	A	0.01%
	CWST	A	0.01%
	SSNC	B	0.01%
	DBX	B	0.01%
	VRNS	D	0.01%
	DUOL	A	0.01%
	ATKR	C	0.01%
	BSY	D	0.01%
	BECN	B	0.01%
	VNT	B	0.01%
	CACI	D	0.01%
	USFD	A	0.01%
	APPF	B	0.01%
	AVTR	F	0.01%
	MARA	C	0.01%
	BOKF	B	0.01%
	OGN	D	0.01%
	GPN	B	0.01%
	RYAN	B	0.01%
	SRPT	D	0.01%
	RBLX	C	0.01%
	BERY	B	0.01%
	MTSI	B	0.01%
	KBR	F	0.01%
	IDA	A	0.01%
	XP	F	0.01%
	LEVI	F	0.01%
	WEX	D	0.01%
	AZEK	A	0.01%
	MIDD	C	0.01%
	BCPC	B	0.01%
	ENPH	F	0.01%
	DGX	A	0.01%
	NFG	A	0.01%
	LUMN	C	0.01%
	AN	C	0.01%
	BYD	C	0.01%
	VVV	F	0.01%
	SPSC	C	0.01%
	WTS	B	0.01%
	BIO	D	0.01%
	SMAR	A	0.01%
	TTEK	F	0.01%
	PLNT	A	0.01%
	ZWS	B	0.01%
	LNC	B	0.01%
	MDGL	B	0.01%
	WSC	D	0.01%
	GKOS	B	0.01%
	PFSI	D	0.01%
	SITE	D	0.01%
	WING	D	0.01%
	DVA	B	0.01%
	IOT	A	0.01%
	VKTX	F	0.01%
	AL	B	0.01%
	PBF	D	0.01%
	THO	B	0.01%
	ELAN	D	0.01%
	FIVE	F	0.01%
	SM	B	0.01%
	CR	A	0.01%
	WH	B	0.01%
	ALB	C	0.01%
	LANC	C	0.01%
	ITCI	C	0.01%
	AUR	C	0.01%
	CELH	F	0.01%
	S	B	0.01%
	CGNX	C	0.01%
	NVST	B	0.0%
	TPG	A	0.0%
	CRSP	D	0.0%
	WOLF	F	0.0%
	WHR	B	0.0%
	RARE	D	0.0%
	AGL	F	0.0%
	EMBC	C	0.0%
	KLG	C	0.0%
	HIMS	B	0.0%
	SEDG	F	0.0%
	COTY	F	0.0%
	FG	B	0.0%
	CNXC	F	0.0%
	FFIN	B	0.0%
	IMVT	F	0.0%
	DXC	B	0.0%
	RNA	D	0.0%
	SPB	C	0.0%
	TXG	F	0.0%
	SIRI	C	0.0%
	SAM	C	0.0%
	UGI	A	0.0%
	BRZE	C	0.0%
	CRVL	A	0.0%
	BBIO	F	0.0%
	GBCI	B	0.0%
	UHAL	D	0.0%
	AGO	B	0.0%
	APLS	D	0.0%
	IPGP	D	0.0%
	INFA	D	0.0%
	FNB	A	0.0%
	PLUG	F	0.0%
	ZI	D	0.0%
	ALKS	B	0.0%
	FIZZ	C	0.0%
	CWEN	C	0.0%
	TDC	D	0.0%
	RDN	C	0.0%
	HCP	B	0.0%
	CAR	C	0.0%
	EEFT	B	0.0%
	HRI	B	0.0%
	SNDR	B	0.0%
	WK	B	0.0%
	TENB	C	0.0%
	FLO	D	0.0%
	ALIT	C	0.0%
	FRHC	B	0.0%
	ST	F	0.0%
	LBRDA	C	0.0%
	OPCH	D	0.0%
	W	F	0.0%
	NFE	D	0.0%
	BIRK	D	0.0%
	OWL	A	0.0%
	INSP	D	0.0%
	ESI	A	0.0%
	CRDO	B	0.0%
	CZR	F	0.0%
	MMS	F	0.0%
	AMG	B	0.0%
	COLB	A	0.0%
	POST	C	0.0%
	ACT	D	0.0%
	ETSY	D	0.0%
	BFAM	D	0.0%
	XRAY	F	0.0%
	REYN	D	0.0%
	CNA	B	0.0%
	NUVL	D	0.0%
	DAY	B	0.0%
	RDDT	B	0.0%
	TMDX	F	0.0%
	SAIC	F	0.0%
	ALGM	D	0.0%
	ZETA	D	0.0%
	RBRK	A	0.0%
	RH	B	0.0%
	SLGN	A	0.0%
	TKO	B	0.0%
	APG	B	0.0%
	BPMC	C	0.0%

AVLC Underweight 18 Positions Relative to CSM

	Symbol	Grade	Weight
	WELL	A	-0.43%
	VICI	C	-0.36%
	PLD	D	-0.35%
	EQR	B	-0.35%
	AVB	B	-0.35%
	VTR	C	-0.34%
	WY	D	-0.32%
	HST	C	-0.31%
	FRT	B	-0.31%
	CPT	B	-0.3%
	ARE	D	-0.3%
	MAA	B	-0.29%
	INVH	D	-0.28%
	EQIX	A	-0.25%
	DOC	D	-0.22%
	REG	B	-0.21%
	GEN	B	-0.18%
	SPG	B	-0.15%

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 Dow Jones Component IBD 50 Insurance Products Biotechnology Building Materials

CSM: Top Represented Industries & Keywords

Industries: Software - Application Diagnostics & Research Drug Manufacturers - Major Semiconductors Utilities - Regulated Electric Diversified Industrials Medical Instruments & Supplies Credit Services Internet Content & Information Packaged Foods Asset Management Banks - Regional - US Capital Markets Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Industrial Machinery Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Electricity Electronics Bank Banking Chemical Medicine Real Estate Investment Trust Aerospace Mobile Devices Petroleum Industry Telecommunications Work From Home Biotechnology Disability