AVLC vs. FDIS ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Fidelity MSCI Consumer Discretionary Index ETF (FDIS)

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

$69.29

Average Daily Volume

19,774

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

FDIS

Fidelity MSCI Consumer Discretionary Index ETF

FDIS Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Discretionary Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Consumer Discretionary Index, which represents the performance of the consumer discretionary sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Consumer Discretionary Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.29

Average Daily Volume

72,427

Number of Holdings ^*

263

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	FDIS
30 Days	3.17%	8.87%
60 Days	5.71%	8.28%
90 Days	7.02%	12.84%
12 Months	32.22%	29.62%

117 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in FDIS	Overlap
ABNB	C	0.07%	0.97%	0.07%
ADTN	A	0.01%	0.06%	0.01%
ALV	C	0.05%	0.14%	0.05%
AMZN	C	3.03%	23.16%	3.03%
AN	C	0.01%	0.1%	0.01%
ANF	F	0.06%	0.15%	0.06%
APTV	F	0.04%	0.26%	0.04%
ARMK	B	0.02%	0.19%	0.02%
AZO	C	0.05%	0.89%	0.05%
BBWI	C	0.01%	0.12%	0.01%
BBY	D	0.12%	0.32%	0.12%
BC	C	0.02%	0.12%	0.02%
BFAM	D	0.0%	0.12%	0.0%
BKNG	A	0.13%	2.73%	0.13%
BLD	D	0.03%	0.21%	0.03%
BROS	A	0.01%	0.15%	0.01%
BURL	B	0.11%	0.31%	0.11%
BWA	D	0.05%	0.15%	0.05%
BYD	B	0.01%	0.12%	0.01%
CCL	A	0.13%	0.43%	0.13%
CHDN	B	0.02%	0.18%	0.02%
CHH	A	0.02%	0.11%	0.02%
CHWY	B	0.01%	0.13%	0.01%
CMG	B	0.23%	1.35%	0.23%
CROX	D	0.05%	0.12%	0.05%
CVNA	B	0.09%	0.46%	0.09%
CZR	F	0.0%	0.16%	0.0%
DASH	B	0.06%	0.83%	0.06%
DDS	B	0.01%	0.05%	0.01%
DECK	A	0.16%	0.47%	0.16%
DHI	F	0.12%	0.81%	0.12%
DKNG	B	0.01%	0.31%	0.01%
DKS	D	0.08%	0.22%	0.08%
DPZ	C	0.01%	0.27%	0.01%
DRI	B	0.1%	0.35%	0.1%
DUOL	A	0.01%	0.21%	0.01%
EBAY	D	0.14%	0.54%	0.14%
ETSY	D	0.0%	0.12%	0.0%
EXPE	B	0.04%	0.42%	0.04%
F	C	0.2%	0.72%	0.2%
FIVE	F	0.01%	0.1%	0.01%
FLUT	A	0.01%	0.05%	0.01%
FND	D	0.05%	0.19%	0.05%
GAP	C	0.04%	0.11%	0.04%
GM	C	0.31%	1.09%	0.31%
GME	C	0.03%	0.16%	0.03%
GNTX	C	0.03%	0.14%	0.03%
GPC	D	0.06%	0.3%	0.06%
GRMN	B	0.1%	0.55%	0.1%
H	B	0.01%	0.14%	0.01%
HAS	D	0.02%	0.16%	0.02%
HD	B	0.58%	6.43%	0.58%
HLT	A	0.05%	1.04%	0.05%
HRB	D	0.03%	0.16%	0.03%
IBP	D	0.03%	0.11%	0.03%
KBH	D	0.04%	0.13%	0.04%
KMX	B	0.05%	0.23%	0.05%
LAD	A	0.03%	0.2%	0.03%
LCID	F	0.01%	0.07%	0.01%
LEA	F	0.03%	0.11%	0.03%
LEN	D	0.01%	0.69%	0.01%
LEN	D	0.17%	0.69%	0.17%
LEVI	F	0.01%	0.05%	0.01%
LKQ	F	0.01%	0.19%	0.01%
LNW	F	0.02%	0.16%	0.02%
LOW	C	0.12%	2.49%	0.12%
LULU	C	0.15%	0.63%	0.15%
LVS	B	0.09%	0.32%	0.09%
M	F	0.02%	0.09%	0.02%
MAR	A	0.05%	1.14%	0.05%
MAT	D	0.03%	0.14%	0.03%
MCD	D	0.16%	3.46%	0.16%
MELI	C	0.39%	1.39%	0.39%
MGM	D	0.01%	0.18%	0.01%
MHK	D	0.04%	0.15%	0.04%
MOD	A	0.03%	0.13%	0.03%
MTH	D	0.02%	0.13%	0.02%
MTN	C	0.01%	0.13%	0.01%
MUSA	B	0.07%	0.2%	0.07%
NCLH	B	0.08%	0.23%	0.08%
NKE	F	0.17%	1.49%	0.17%
NVR	D	0.1%	0.5%	0.1%
OLLI	D	0.02%	0.13%	0.02%
ORLY	B	0.07%	1.19%	0.07%
PAG	B	0.01%	0.08%	0.01%
PHM	D	0.12%	0.47%	0.12%
PLNT	A	0.01%	0.18%	0.01%
POOL	C	0.07%	0.25%	0.07%
PVH	C	0.03%	0.12%	0.03%
RCL	A	0.28%	0.95%	0.28%
RH	C	0.0%	0.11%	0.0%
RIVN	F	0.03%	0.15%	0.03%
RL	C	0.05%	0.17%	0.05%
ROST	D	0.21%	0.79%	0.21%
RRR	F	0.01%	0.07%	0.01%
SBUX	A	0.09%	1.83%	0.09%
SCI	B	0.03%	0.23%	0.03%
SKX	D	0.05%	0.16%	0.05%
THO	B	0.01%	0.12%	0.01%
TJX	A	0.44%	2.19%	0.44%
TMHC	C	0.02%	0.15%	0.02%
TOL	B	0.07%	0.29%	0.07%
TPR	B	0.08%	0.25%	0.08%
TPX	B	0.02%	0.18%	0.02%
TSCO	D	0.17%	0.5%	0.17%
TSLA	B	0.78%	14.23%	0.78%
TXRH	B	0.09%	0.25%	0.09%
ULTA	F	0.11%	0.32%	0.11%
VFC	C	0.03%	0.15%	0.03%
VVV	D	0.01%	0.11%	0.01%
W	D	0.0%	0.07%	0.0%
WH	B	0.01%	0.16%	0.01%
WHR	B	0.0%	0.14%	0.0%
WING	D	0.01%	0.18%	0.01%
WSM	C	0.11%	0.29%	0.11%
WYNN	C	0.01%	0.18%	0.01%
YUM	D	0.04%	0.64%	0.04%

AVLC Overweight 859 Positions Relative to FDIS

Symbol	Grade	Weight
AAPL	C	5.24%
NVDA	B	4.82%
MSFT	D	4.39%
META	D	2.26%
GOOGL	C	1.57%
GOOG	C	1.3%
JPM	A	1.19%
AVGO	D	1.11%
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%
WMT	A	0.64%
V	A	0.59%
JNJ	C	0.58%
WFC	A	0.55%
CAT	B	0.52%
QCOM	F	0.48%
NFLX	A	0.48%
UNP	C	0.47%
PGR	A	0.46%
VZ	C	0.45%
GS	A	0.44%
CRM	B	0.44%
T	A	0.42%
BAC	A	0.42%
ORCL	A	0.42%
KO	D	0.4%
AXP	A	0.4%
PG	C	0.39%
CMCSA	B	0.38%
COP	C	0.38%
ABBV	F	0.38%
AMAT	F	0.36%
UNH	B	0.36%
ADP	A	0.36%
MS	A	0.35%
GILD	C	0.35%
LRCX	F	0.34%
ADBE	C	0.33%
MRK	D	0.32%
ACN	B	0.32%
PYPL	B	0.32%
TMUS	B	0.31%
AMD	F	0.31%
NOW	A	0.3%
EOG	A	0.3%
DE	B	0.3%
CSCO	B	0.3%
WMB	A	0.29%
TGT	F	0.29%
TRGP	A	0.27%
PEP	F	0.27%
INTU	B	0.27%
IBM	C	0.27%
FDX	B	0.26%
TRV	B	0.26%
TXN	C	0.26%
AMP	A	0.26%
CSX	C	0.26%
PCAR	B	0.25%
VRTX	D	0.25%
C	A	0.23%
LMT	D	0.23%
MSI	B	0.23%
COF	C	0.23%
FTNT	C	0.23%
GWW	B	0.23%
USB	A	0.23%
LNG	A	0.23%
DAL	B	0.23%
APD	A	0.22%
NSC	B	0.22%
CB	C	0.22%
PNC	B	0.22%
MPC	D	0.22%
KLAC	F	0.21%
LIN	C	0.21%
CMI	A	0.21%
SCHW	B	0.21%
ALL	A	0.2%
GE	D	0.2%
ABT	B	0.2%
ZTS	D	0.2%
URI	C	0.2%
OKE	A	0.2%
MET	A	0.2%
KR	B	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%
PLTR	B	0.18%
CL	D	0.18%
ISRG	A	0.18%
BK	A	0.18%
PM	B	0.18%
DIS	B	0.18%
PRU	A	0.18%
BMY	B	0.18%
FCX	F	0.18%
BLK	B	0.18%
BKR	A	0.18%
PAYX	B	0.17%
VLO	C	0.17%
MU	D	0.17%
FANG	C	0.17%
NUE	C	0.16%
DUK	C	0.16%
INTC	C	0.16%
APP	B	0.16%
RTX	D	0.16%
APO	B	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%
SYF	B	0.15%
KKR	A	0.15%
ANET	C	0.15%
REGN	F	0.14%
FITB	B	0.14%
DOW	F	0.14%
AEP	C	0.14%
SHW	B	0.14%
DVN	F	0.14%
TT	A	0.14%
MLM	C	0.14%
ETN	A	0.14%
KMB	C	0.14%
EME	A	0.14%
ODFL	C	0.14%
CTSH	B	0.13%
WM	B	0.13%
SO	C	0.13%
IP	A	0.13%
VRT	B	0.13%
DHR	F	0.13%
HAL	C	0.13%
VST	A	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%
SNPS	B	0.12%
MTB	A	0.12%
CDNS	B	0.12%
MDT	D	0.12%
CTAS	B	0.12%
CME	B	0.12%
ETR	B	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
MKL	A	0.12%
CPNG	D	0.12%
STLD	B	0.12%
PKG	A	0.12%
ITW	B	0.12%
BSX	A	0.12%
ON	D	0.12%
VRSK	A	0.12%
APH	A	0.12%
HBAN	A	0.11%
BX	A	0.11%
NTRS	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%
EQT	B	0.11%
RJF	A	0.11%
CEG	C	0.11%
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%
SW	A	0.1%
LPLA	A	0.1%
CTRA	B	0.1%
UTHR	C	0.1%
FIX	A	0.1%
JBL	C	0.1%
KMI	A	0.1%
EXC	C	0.1%
MCO	B	0.1%
FSLR	F	0.1%
MSTR	B	0.09%
MO	A	0.09%
VTRS	A	0.09%
SPGI	C	0.09%
EXPD	C	0.09%
EQH	C	0.09%
ROP	B	0.09%
MDLZ	F	0.09%
MMC	B	0.09%
SLB	C	0.09%
GLW	B	0.09%
PFG	D	0.09%
COR	B	0.09%
IT	C	0.09%
PH	A	0.09%
HSY	F	0.09%
EIX	B	0.09%
PWR	A	0.09%
UBER	F	0.09%
ADSK	A	0.09%
CF	A	0.09%
LII	A	0.09%
CNC	D	0.08%
OVV	B	0.08%
EG	C	0.08%
EW	C	0.08%
NXPI	D	0.08%
JBHT	C	0.08%
RGA	A	0.08%
BG	D	0.08%
GDDY	A	0.08%
LUV	C	0.08%
BJ	A	0.08%
FICO	B	0.08%
SNA	A	0.08%
RF	A	0.08%
AEE	A	0.08%
CTVA	C	0.08%
WDAY	B	0.08%
FNF	B	0.08%
COIN	C	0.08%
JEF	A	0.08%
HPE	B	0.08%
FTI	A	0.08%
ED	C	0.08%
CASY	A	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%
CINF	A	0.07%
WCC	B	0.07%
MOH	F	0.07%
PAYC	B	0.07%
MCK	A	0.07%
SAIA	B	0.07%
JXN	C	0.07%
DLTR	F	0.07%
WRB	A	0.07%
MLI	B	0.07%
SPOT	B	0.07%
SYY	D	0.07%
INGR	C	0.07%
RMD	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%
RNR	C	0.07%
SRE	A	0.07%
PRI	B	0.07%
EXP	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%
WAL	B	0.06%
UHS	D	0.06%
CMA	B	0.06%
LECO	C	0.06%
IFF	D	0.06%
ATI	C	0.06%
GL	C	0.06%
BA	F	0.06%
WMS	F	0.06%
CMS	C	0.06%
CARR	C	0.06%
MANH	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%
DG	F	0.06%
KEYS	A	0.06%
DD	C	0.06%
LPX	B	0.06%
NTAP	C	0.06%
ECL	D	0.06%
CBRE	B	0.06%
BALL	F	0.06%
AES	F	0.06%
VMI	B	0.05%
ORI	A	0.05%
ENSG	C	0.05%
NOC	D	0.05%
MSCI	C	0.05%
ZM	C	0.05%
CVS	D	0.05%
TAP	C	0.05%
TSN	B	0.05%
WFRD	D	0.05%
MOS	F	0.05%
FOXA	A	0.05%
KDP	F	0.05%
JLL	D	0.05%
DXCM	C	0.05%
AJG	A	0.05%
KHC	F	0.05%
RHI	C	0.05%
PNW	A	0.05%
WBS	A	0.05%
MKTX	D	0.05%
ZBH	C	0.05%
ARW	D	0.05%
CBT	D	0.05%
HUM	C	0.05%
WTFC	A	0.05%
VMC	B	0.05%
ATO	A	0.05%
CHD	A	0.05%
MTDR	B	0.05%
AAON	B	0.05%
MCHP	F	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%
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%
ZION	B	0.05%
IR	B	0.05%
LNTH	D	0.05%
AIT	B	0.05%
GGG	B	0.05%
FYBR	C	0.05%
WST	C	0.05%
HWM	A	0.05%
AME	A	0.05%
AXS	A	0.05%
DOCU	B	0.05%
WSO	A	0.05%
CRBG	B	0.05%
BDX	F	0.05%
TEAM	A	0.05%
NRG	B	0.05%
R	B	0.05%
HCA	F	0.05%
HOOD	B	0.05%
TTD	B	0.05%
KNSL	B	0.05%
DELL	B	0.05%
EMR	B	0.05%
CHTR	C	0.05%
KEY	B	0.05%
ATR	B	0.05%
AGCO	D	0.04%
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%
KNX	C	0.04%
FMC	D	0.04%
SNX	D	0.04%
KEX	B	0.04%
NBIX	C	0.04%
ILMN	C	0.04%
HUBB	B	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
JCI	B	0.04%
XPO	B	0.04%
XYL	D	0.04%
IQV	F	0.04%
DINO	D	0.04%
FN	C	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%
TREX	C	0.04%
ITT	A	0.04%
KD	B	0.04%
CSGP	D	0.04%
WEC	A	0.04%
AXTA	B	0.04%
SOFI	B	0.04%
RRC	B	0.04%
CLH	C	0.04%
BR	A	0.04%
JKHY	D	0.04%
JAZZ	B	0.04%
CRS	B	0.04%
FHN	A	0.04%
WAB	B	0.04%
ANSS	B	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%
MPWR	F	0.04%
EMN	C	0.04%
DOX	D	0.03%
MEDP	D	0.03%
LDOS	C	0.03%
GWRE	A	0.03%
IBKR	A	0.03%
COHR	B	0.03%
CHRW	B	0.03%
BCC	B	0.03%
G	B	0.03%
MRNA	F	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%
UHAL	D	0.03%
RLI	A	0.03%
NWSA	A	0.03%
FFIV	B	0.03%
X	B	0.03%
ROL	B	0.03%
AFRM	A	0.03%
HALO	F	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%
AWK	C	0.03%
ZBRA	B	0.03%
MTZ	B	0.03%
MDB	B	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%
WDC	D	0.03%
MUR	D	0.03%
AM	A	0.03%
AKAM	D	0.03%
HOLX	D	0.03%
EHC	B	0.03%
RGLD	C	0.03%
EXEL	B	0.03%
TTWO	A	0.03%
GEHC	D	0.03%
INCY	C	0.03%
ESNT	F	0.03%
SEIC	B	0.03%
AA	A	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%
CAH	B	0.03%
BPOP	C	0.03%
TTC	C	0.03%
TDY	B	0.03%
CIEN	C	0.03%
BAH	F	0.03%
WBD	B	0.03%
CIVI	D	0.03%
APA	D	0.03%
AR	B	0.03%
MNST	C	0.03%
PNFP	B	0.03%
CLF	F	0.03%
CVLT	B	0.03%
AVY	F	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%
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%
PPC	C	0.02%
OMC	C	0.02%
SWK	D	0.02%
QRVO	F	0.02%
OKTA	C	0.02%
HRL	D	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%
ALSN	B	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%
SIGI	C	0.02%
DAR	C	0.02%
BRKR	D	0.02%
BMI	B	0.02%
HLI	A	0.02%
ARES	A	0.02%
FLR	B	0.02%
GLOB	B	0.02%
JHG	B	0.02%
FE	C	0.02%
Z	A	0.02%
LYV	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%
LW	C	0.02%
EFX	F	0.02%
SN	D	0.02%
EL	F	0.02%
DT	D	0.02%
CNP	A	0.02%
COOP	B	0.02%
CG	B	0.02%
NEM	D	0.02%
ENTG	D	0.02%
OSK	C	0.02%
CSWI	B	0.02%
PINS	F	0.02%
FOX	A	0.02%
HESM	B	0.02%
MGY	A	0.02%
PCVX	D	0.02%
NTRA	A	0.02%
NDAQ	A	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%
THC	D	0.02%
AMKR	D	0.02%
RVMD	C	0.02%
MASI	B	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
TRMB	B	0.02%
ALLE	C	0.02%
ERIE	D	0.02%
ACM	B	0.02%
RPRX	D	0.02%
TFX	F	0.02%
WLK	D	0.02%
NTNX	B	0.02%
NI	A	0.02%
PB	B	0.02%
SATS	D	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%
ELF	C	0.01%
NEU	D	0.01%
SMMT	D	0.01%
IONS	F	0.01%
PI	D	0.01%
RRX	B	0.01%
ZG	A	0.01%
CE	F	0.01%
CFLT	B	0.01%
TNET	F	0.01%
CYTK	F	0.01%
AAL	B	0.01%
GTLS	A	0.01%
U	C	0.01%
CWEN	C	0.01%
TDW	F	0.01%
EXAS	D	0.01%
RGEN	D	0.01%
VAL	F	0.01%
NOVT	D	0.01%
VERX	A	0.01%
SUM	B	0.01%
ALTR	B	0.01%
CACC	D	0.01%
PEN	B	0.01%
WTRG	B	0.01%
CAG	F	0.01%
CPB	D	0.01%
NDSN	B	0.01%
GXO	B	0.01%
HQY	A	0.01%
NXST	C	0.01%
PATH	C	0.01%
AVAV	C	0.01%
NWS	A	0.01%
HXL	F	0.01%
ESAB	C	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%
FOUR	A	0.01%
MORN	B	0.01%
HEI	A	0.01%
GTLB	B	0.01%
HSIC	C	0.01%
SOLV	D	0.01%
MKSI	C	0.01%
KRYS	C	0.01%
AGR	A	0.01%
BILL	A	0.01%
CWAN	B	0.01%
LSCC	D	0.01%
ESTC	C	0.01%
UI	B	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%
CACI	D	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%
J	D	0.01%
RYAN	A	0.01%
SRPT	F	0.01%
RBLX	C	0.01%
BERY	C	0.01%
MTSI	B	0.01%
KBR	F	0.01%
IDA	A	0.01%
XP	F	0.01%
WEX	D	0.01%
CRL	D	0.01%
BEN	C	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%
SPSC	D	0.01%
WTS	B	0.01%
BIO	C	0.01%
SMAR	B	0.01%
TTEK	F	0.01%
ZWS	B	0.01%
LNC	C	0.01%
MDGL	B	0.01%
MKC	C	0.01%
WSC	F	0.01%
GKOS	B	0.01%
PFSI	C	0.01%
SITE	F	0.01%
DVA	C	0.01%
IOT	A	0.01%
VKTX	F	0.01%
AL	B	0.01%
PBF	D	0.01%
FTV	C	0.01%
ELAN	D	0.01%
SM	B	0.01%
SMCI	F	0.01%
CR	A	0.01%
ALB	B	0.01%
LANC	C	0.01%
ITCI	C	0.01%
AUR	C	0.01%
CELH	F	0.01%
S	B	0.01%
CGNX	D	0.01%
NVST	B	0.0%
TPG	A	0.0%
CRSP	D	0.0%
WOLF	F	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%
COTY	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%
BRZE	C	0.0%
CRVL	B	0.0%
BBIO	F	0.0%
GBCI	B	0.0%
UHAL	D	0.0%
AGO	B	0.0%
APLS	F	0.0%
IPGP	D	0.0%
INFA	D	0.0%
FNB	A	0.0%
PLUG	F	0.0%
ZI	D	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%
EEFT	B	0.0%
HRI	C	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%
NFE	D	0.0%
BIRK	D	0.0%
OWL	A	0.0%
INSP	D	0.0%
ESI	B	0.0%
CRDO	B	0.0%
MMS	F	0.0%
AMG	B	0.0%
COLB	B	0.0%
POST	C	0.0%
ACT	C	0.0%
XRAY	F	0.0%
REYN	D	0.0%
CNA	C	0.0%
NUVL	C	0.0%
DAY	B	0.0%
RDDT	A	0.0%
TMDX	F	0.0%
SAIC	F	0.0%
ALGM	D	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 147 Positions Relative to FDIS

Symbol	Grade	Weight
EAT	A	-0.14%
GPI	B	-0.13%
SKY	A	-0.12%
LRN	A	-0.11%
ABG	C	-0.11%
KTB	B	-0.11%
SHAK	C	-0.11%
LOPE	C	-0.11%
PTON	A	-0.11%
FTDR	B	-0.11%
TPH	D	-0.1%
TNL	A	-0.1%
SIG	B	-0.1%
BOOT	C	-0.1%
DORM	B	-0.1%
MHO	D	-0.1%
GHC	B	-0.09%
HBI	B	-0.09%
VSCO	C	-0.09%
NWL	C	-0.09%
CVCO	A	-0.09%
ATGE	B	-0.09%
HOG	D	-0.09%
SGBX	F	-0.09%
VSTO	A	-0.08%
LCII	C	-0.08%
AEO	F	-0.08%
COLM	C	-0.08%
VAC	C	-0.08%
PATK	C	-0.08%
WWW	A	-0.08%
SHOO	F	-0.08%
HGV	C	-0.08%
PII	F	-0.08%
WEN	D	-0.08%
YETI	D	-0.08%
PENN	C	-0.08%
ASO	F	-0.08%
LGIH	F	-0.07%
GOLF	B	-0.07%
RVLV	A	-0.07%
JWN	D	-0.07%
CWH	B	-0.07%
CCS	D	-0.07%
GRBK	D	-0.07%
UAA	C	-0.07%
LAUR	A	-0.07%
CAKE	C	-0.07%
PHIN	A	-0.07%
AAP	D	-0.06%
SABR	C	-0.06%
WGO	C	-0.06%
STRA	C	-0.06%
UA	C	-0.06%
EVRI	A	-0.06%
SBH	C	-0.06%
BKE	B	-0.06%
FL	F	-0.06%
OSW	B	-0.06%
LTH	C	-0.06%
LZB	B	-0.06%
VC	F	-0.06%
GT	C	-0.06%
URBN	C	-0.06%
WRBY	A	-0.06%
MNRO	D	-0.05%
PLYA	B	-0.05%
THRM	F	-0.05%
MBUU	B	-0.05%
SAH	C	-0.05%
WINA	C	-0.05%
ADNT	F	-0.05%
BZH	C	-0.05%
SONO	C	-0.05%
QS	F	-0.05%
GIII	D	-0.05%
UTI	B	-0.05%
UPBD	B	-0.05%
KSS	F	-0.05%
CRI	F	-0.05%
XPEL	B	-0.05%
LEG	F	-0.05%
MCRI	A	-0.05%
PZZA	F	-0.05%
CPRI	F	-0.05%
AXL	C	-0.04%
MODG	F	-0.04%
FIGS	F	-0.04%
RGR	F	-0.04%
ACEL	C	-0.04%
FWRG	C	-0.04%
HZO	F	-0.04%
ETD	C	-0.04%
OXM	F	-0.04%
COUR	F	-0.04%
JACK	C	-0.04%
PTLO	F	-0.04%
DFH	D	-0.04%
CAL	F	-0.04%
WOR	F	-0.04%
SCVL	F	-0.04%
BJRI	C	-0.04%
FOXF	F	-0.04%
DNUT	F	-0.04%
HOV	D	-0.04%
HELE	C	-0.04%
PRDO	B	-0.04%
SMP	C	-0.04%
GDEN	B	-0.04%
PLAY	D	-0.04%
VZIO	A	-0.04%
CBRL	C	-0.04%
MCW	C	-0.04%
GES	F	-0.03%
ARKO	C	-0.03%
RICK	B	-0.03%
BALY	B	-0.03%
LIND	C	-0.03%
SWBI	C	-0.03%
ODP	F	-0.03%
DIN	C	-0.03%
KRUS	B	-0.03%
EYE	C	-0.03%
BLMN	F	-0.03%
DAN	D	-0.03%
UDMY	D	-0.03%
GTX	C	-0.03%
LAZR	D	-0.02%
LEGH	D	-0.02%
HVT	D	-0.02%
BOWL	C	-0.02%
CRMT	D	-0.02%
MOV	D	-0.02%
DENN	D	-0.02%
TH	C	-0.02%
XPOF	C	-0.02%
ARHS	F	-0.02%
LESL	D	-0.02%
WOOF	D	-0.02%
SRI	F	-0.01%
EWCZ	F	-0.01%
GRPN	F	-0.01%
DBI	F	-0.01%
FLWS	D	-0.01%
CRCT	F	-0.01%
AMRK	F	-0.0%
RSI	A	-0.0%