AVLC vs. FELV ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Fidelity Enhanced Large Cap Value ETF (FELV)

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

$68.99

Average Daily Volume

18,947

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$31.96

Average Daily Volume

103,538

Number of Holdings ^*

323

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	FELV
30 Days	3.03%	1.74%
60 Days	7.23%	5.55%
90 Days	8.29%	7.67%
12 Months	33.04%

285 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in FELV	Overlap
A	F	0.06%	0.09%	0.06%
AAPL	C	5.32%	0.19%	0.19%
ABBV	F	0.45%	0.88%	0.45%
ABT	C	0.2%	0.52%	0.2%
ACN	B	0.31%	0.34%	0.31%
ACT	C	0.0%	0.08%	0.0%
ADBE	C	0.31%	0.37%	0.31%
ADI	D	0.16%	0.04%	0.04%
ADM	F	0.11%	0.1%	0.1%
ADP	A	0.36%	0.11%	0.11%
ADTN	B	0.01%	0.1%	0.01%
AEP	D	0.14%	0.08%	0.08%
AES	F	0.06%	0.16%	0.06%
AIZ	A	0.05%	0.1%	0.05%
ALKS	C	0.0%	0.05%	0.0%
ALL	B	0.19%	0.18%	0.18%
ALLE	D	0.02%	0.53%	0.02%
AM	B	0.03%	0.11%	0.03%
AMAT	F	0.38%	0.46%	0.38%
AMD	F	0.34%	0.06%	0.06%
AME	A	0.05%	0.16%	0.05%
AMGN	F	0.21%	0.17%	0.17%
AMZN	A	2.98%	0.03%	0.03%
ANF	C	0.06%	0.27%	0.06%
ANSS	B	0.04%	0.01%	0.01%
AON	B	0.09%	0.59%	0.09%
ARW	F	0.05%	0.06%	0.05%
AVGO	C	1.18%	0.2%	0.2%
AXP	B	0.4%	0.2%	0.2%
AXS	A	0.05%	0.01%	0.01%
AXTA	A	0.04%	0.03%	0.03%
AYI	A	0.04%	0.02%	0.02%
BAC	A	0.41%	1.71%	0.41%
BAX	F	0.02%	0.08%	0.02%
BBWI	C	0.01%	0.06%	0.01%
BBY	C	0.12%	0.14%	0.12%
BCC	B	0.03%	0.11%	0.03%
BDX	F	0.05%	0.69%	0.05%
BERY	D	0.01%	0.02%	0.01%
BIIB	F	0.03%	0.33%	0.03%
BK	B	0.18%	0.62%	0.18%
BKR	B	0.18%	0.1%	0.1%
BLD	F	0.03%	0.11%	0.03%
BMRN	F	0.03%	0.12%	0.03%
BMY	B	0.17%	0.92%	0.17%
BRK.A	B	0.66%	3.54%	0.66%
BSX	A	0.12%	0.18%	0.12%
BYD	A	0.01%	0.07%	0.01%
C	B	0.22%	0.27%	0.22%
CACI	C	0.01%	0.58%	0.01%
CAH	B	0.03%	0.3%	0.03%
CAT	B	0.55%	0.55%	0.55%
CCK	D	0.02%	0.18%	0.02%
CCL	B	0.12%	0.13%	0.12%
CEG	D	0.12%	0.18%	0.12%
CI	D	0.07%	0.63%	0.07%
CINF	A	0.07%	0.27%	0.07%
CL	F	0.18%	0.51%	0.18%
CLX	A	0.06%	0.24%	0.06%
CMCSA	B	0.38%	1.14%	0.38%
CME	B	0.11%	0.56%	0.11%
CMG	B	0.23%	0.07%	0.07%
CMI	A	0.2%	0.33%	0.2%
CNC	F	0.08%	0.23%	0.08%
CNP	B	0.02%	0.14%	0.02%
COF	B	0.23%	0.48%	0.23%
COP	C	0.38%	0.54%	0.38%
CRM	B	0.4%	0.23%	0.23%
CRUS	F	0.04%	0.1%	0.04%
CSCO	A	0.3%	1.07%	0.3%
CSGP	F	0.04%	0.04%	0.04%
CSX	B	0.26%	0.37%	0.26%
CTAS	B	0.11%	0.54%	0.11%
CTRA	B	0.1%	0.05%	0.05%
CVNA	B	0.09%	0.62%	0.09%
CVS	F	0.05%	0.29%	0.05%
CVX	A	0.63%	0.51%	0.51%
CW	C	0.03%	0.06%	0.03%
CWEN	D	0.0%	0.02%	0.0%
CWEN	D	0.0%	0.04%	0.0%
CWEN	D	0.01%	0.04%	0.01%
CWEN	D	0.01%	0.02%	0.01%
DASH	A	0.06%	0.08%	0.06%
DBX	B	0.01%	0.44%	0.01%
DD	D	0.07%	0.48%	0.07%
DELL	C	0.06%	0.08%	0.06%
DFS	B	0.08%	0.05%	0.05%
DGX	B	0.01%	0.01%	0.01%
DHI	D	0.12%	0.03%	0.03%
DHR	F	0.13%	0.17%	0.13%
DIS	B	0.17%	0.7%	0.17%
DOCU	B	0.05%	0.3%	0.05%
DTE	D	0.07%	0.09%	0.07%
DUK	D	0.16%	0.27%	0.16%
DVN	F	0.14%	0.34%	0.14%
EA	A	0.06%	0.06%	0.06%
ECL	C	0.06%	0.5%	0.06%
ED	D	0.09%	0.22%	0.09%
EEFT	C	0.0%	0.12%	0.0%
EIX	C	0.09%	0.16%	0.09%
ELAN	C	0.01%	0.03%	0.01%
ELV	F	0.14%	0.12%	0.12%
EOG	A	0.28%	0.45%	0.28%
ES	D	0.02%	0.13%	0.02%
ETN	B	0.14%	0.77%	0.14%
EVRG	A	0.05%	0.34%	0.05%
EW	F	0.08%	0.05%	0.05%
EXC	C	0.1%	0.23%	0.1%
EXEL	B	0.03%	0.36%	0.03%
F	C	0.2%	0.32%	0.2%
FANG	C	0.17%	0.14%	0.14%
FLS	B	0.02%	0.25%	0.02%
FTI	B	0.08%	0.13%	0.08%
FTV	C	0.01%	0.33%	0.01%
GAP	B	0.04%	0.25%	0.04%
GD	C	0.05%	0.16%	0.05%
GE	D	0.19%	1.07%	0.19%
GEHC	D	0.03%	0.16%	0.03%
GEV	B	0.14%	0.3%	0.14%
GILD	B	0.38%	0.99%	0.38%
GIS	F	0.03%	0.05%	0.03%
GL	B	0.06%	0.27%	0.06%
GLW	B	0.09%	0.02%	0.02%
GPN	B	0.01%	0.09%	0.01%
GRMN	A	0.09%	0.09%	0.09%
GS	B	0.43%	0.34%	0.34%
HAL	C	0.13%	0.12%	0.12%
HD	B	0.56%	0.44%	0.44%
HON	B	0.14%	0.08%	0.08%
HPE	B	0.08%	0.21%	0.08%
HUM	D	0.05%	0.1%	0.05%
HWM	B	0.05%	0.12%	0.05%
IBM	D	0.27%	0.27%	0.27%
ICE	C	0.07%	0.18%	0.07%
IFF	F	0.06%	0.09%	0.06%
ILMN	C	0.04%	0.17%	0.04%
INCY	B	0.03%	0.23%	0.03%
INGR	B	0.07%	0.04%	0.04%
INTC	C	0.17%	0.85%	0.17%
IQV	F	0.04%	0.19%	0.04%
ITT	A	0.04%	0.18%	0.04%
ITW	B	0.12%	0.12%	0.12%
JCI	A	0.04%	0.22%	0.04%
JNJ	D	0.6%	1.14%	0.6%
JPM	A	1.17%	2.81%	1.17%
JXN	C	0.07%	0.16%	0.07%
KD	A	0.04%	0.09%	0.04%
KEY	B	0.06%	0.17%	0.06%
KHC	F	0.05%	0.13%	0.05%
KLAC	F	0.22%	0.03%	0.03%
KMB	D	0.14%	0.13%	0.13%
KMI	B	0.1%	0.23%	0.1%
KR	A	0.2%	0.31%	0.2%
L	A	0.07%	0.34%	0.07%
LDOS	C	0.03%	0.58%	0.03%
LH	B	0.04%	0.08%	0.04%
LHX	B	0.03%	0.43%	0.03%
LIN	D	0.21%	0.46%	0.21%
LMT	D	0.22%	0.67%	0.22%
LNW	F	0.02%	0.18%	0.02%
LOW	B	0.12%	0.07%	0.07%
LPX	A	0.06%	0.31%	0.06%
LYFT	B	0.01%	0.01%	0.01%
M	C	0.02%	0.01%	0.01%
MA	B	0.65%	0.28%	0.28%
MCD	C	0.16%	0.28%	0.16%
MCK	B	0.07%	0.01%	0.01%
MDLZ	F	0.09%	0.06%	0.06%
MDT	D	0.12%	0.39%	0.12%
MEDP	D	0.02%	0.18%	0.02%
META	B	2.31%	0.21%	0.21%
MGM	D	0.01%	0.2%	0.01%
MKC	D	0.01%	0.08%	0.01%
MMC	D	0.09%	0.38%	0.09%
MMM	C	0.19%	0.6%	0.19%
MO	A	0.08%	0.26%	0.08%
MS	A	0.34%	0.53%	0.34%
MSA	D	0.02%	0.04%	0.02%
MSCI	B	0.04%	0.19%	0.04%
MSI	B	0.21%	0.2%	0.2%
MTDR	B	0.05%	0.18%	0.05%
MU	D	0.2%	0.95%	0.2%
MUR	D	0.03%	0.01%	0.01%
NEE	D	0.07%	0.78%	0.07%
NEM	F	0.02%	0.05%	0.02%
NFLX	A	0.47%	0.18%	0.18%
NOC	D	0.05%	0.67%	0.05%
NSC	B	0.22%	0.58%	0.22%
NTAP	D	0.07%	0.12%	0.07%
NUE	D	0.17%	0.36%	0.17%
NVDA	A	4.93%	0.18%	0.18%
NWS	B	0.01%	0.03%	0.01%
NWSA	B	0.03%	0.06%	0.03%
OC	A	0.1%	0.21%	0.1%
OGE	B	0.04%	0.06%	0.04%
OGN	F	0.01%	0.02%	0.01%
OKTA	C	0.02%	0.02%	0.02%
OXY	F	0.15%	0.08%	0.08%
PCAR	B	0.24%	0.4%	0.24%
PCG	A	0.13%	0.38%	0.13%
PEG	C	0.09%	0.1%	0.09%
PFE	F	0.15%	0.88%	0.15%
PFG	C	0.09%	0.16%	0.09%
PG	C	0.39%	1.18%	0.39%
PGR	A	0.45%	0.35%	0.35%
PH	A	0.09%	0.12%	0.09%
PKG	B	0.12%	0.13%	0.12%
PM	B	0.18%	1.22%	0.18%
PNC	B	0.22%	0.72%	0.22%
PNR	A	0.01%	0.18%	0.01%
PPG	F	0.05%	0.57%	0.05%
PRU	B	0.18%	0.33%	0.18%
PYPL	A	0.3%	0.79%	0.3%
QCOM	F	0.52%	0.47%	0.47%
QRVO	F	0.02%	0.11%	0.02%
RCL	A	0.26%	0.15%	0.15%
RGA	A	0.07%	0.03%	0.03%
RJF	A	0.11%	0.03%	0.03%
ROST	D	0.22%	0.11%	0.11%
RSG	B	0.03%	0.65%	0.03%
RTX	D	0.16%	0.72%	0.16%
SAM	B	0.0%	0.05%	0.0%
SCHW	B	0.2%	0.83%	0.2%
SEE	C	0.01%	0.25%	0.01%
SEIC	A	0.03%	0.57%	0.03%
SO	D	0.12%	0.07%	0.07%
SOLV	C	0.01%	0.12%	0.01%
SON	F	0.02%	0.06%	0.02%
SPGI	C	0.09%	0.71%	0.09%
SQ	B	0.06%	0.69%	0.06%
SSNC	C	0.01%	0.57%	0.01%
STLD	C	0.13%	0.48%	0.13%
STT	B	0.1%	0.14%	0.1%
SWKS	F	0.07%	0.13%	0.07%
SYF	B	0.15%	0.03%	0.03%
SYK	A	0.11%	0.25%	0.11%
T	A	0.42%	0.98%	0.42%
TAP	B	0.04%	0.14%	0.04%
TDC	F	0.0%	0.27%	0.0%
TENB	C	0.0%	0.02%	0.0%
TFC	B	0.19%	0.23%	0.19%
TFX	F	0.03%	0.03%	0.03%
TJX	A	0.43%	0.27%	0.27%
TMHC	B	0.02%	0.19%	0.02%
TMO	F	0.15%	0.79%	0.15%
TMUS	A	0.3%	0.55%	0.3%
TOL	B	0.07%	0.28%	0.07%
TPR	A	0.08%	0.09%	0.08%
TRGP	B	0.26%	0.08%	0.08%
TRMB	B	0.02%	0.05%	0.02%
TROW	A	0.1%	0.13%	0.1%
TRV	B	0.26%	0.27%	0.26%
TT	B	0.13%	0.52%	0.13%
TWLO	B	0.03%	0.46%	0.03%
TXN	B	0.28%	0.16%	0.16%
TXT	D	0.05%	0.55%	0.05%
UHS	D	0.06%	0.13%	0.06%
UNH	B	0.36%	1.64%	0.36%
UNM	A	0.05%	0.36%	0.05%
UNP	D	0.48%	0.76%	0.48%
UPS	C	0.19%	0.06%	0.06%
USFD	B	0.01%	0.19%	0.01%
VEEV	B	0.05%	0.3%	0.05%
VLTO	D	0.06%	0.04%	0.04%
VMC	B	0.05%	0.28%	0.05%
VMI	B	0.05%	0.2%	0.05%
VRTX	B	0.25%	0.1%	0.1%
VST	B	0.12%	0.06%	0.06%
VZ	D	0.44%	0.65%	0.44%
WAB	B	0.04%	0.49%	0.04%
WBD	B	0.03%	0.09%	0.03%
WCC	B	0.07%	0.08%	0.07%
WDAY	B	0.08%	0.13%	0.08%
WDC	D	0.03%	0.14%	0.03%
WFC	A	0.53%	1.01%	0.53%
WM	A	0.12%	0.25%	0.12%
WMB	B	0.29%	0.12%	0.12%
WMT	A	0.63%	1.73%	0.63%
WTW	A	0.02%	0.26%	0.02%
XEL	A	0.11%	0.24%	0.11%
XOM	B	1.04%	2.47%	1.04%
Z	B	0.02%	0.2%	0.02%
ZBRA	B	0.03%	0.33%	0.03%
ZG	B	0.01%	0.16%	0.01%
ZM	B	0.04%	0.66%	0.04%

AVLC Overweight 692 Positions Relative to FELV

Symbol	Grade	Weight
MSFT	C	4.41%
GOOGL	C	1.59%
GOOG	C	1.32%
COST	B	0.93%
LLY	F	0.78%
TSLA	B	0.7%
V	A	0.58%
ORCL	A	0.42%
KO	F	0.4%
LRCX	F	0.37%
MELI	D	0.36%
MRK	F	0.33%
DE	D	0.32%
NOW	A	0.29%
GM	B	0.29%
TGT	C	0.28%
PEP	D	0.27%
INTU	A	0.26%
AMP	A	0.26%
FDX	B	0.25%
GWW	B	0.23%
MPC	D	0.22%
DAL	A	0.22%
APD	B	0.22%
CB	C	0.22%
LNG	B	0.22%
USB	B	0.22%
AIG	B	0.21%
FCX	F	0.21%
ZTS	D	0.2%
MET	C	0.2%
URI	B	0.2%
FAST	B	0.2%
HIG	C	0.19%
AFL	C	0.19%
PSX	C	0.19%
HES	B	0.19%
OKE	A	0.19%
FTNT	B	0.19%
TSCO	D	0.18%
LEN	D	0.18%
PANW	B	0.18%
UAL	A	0.18%
PAYX	B	0.17%
NKE	F	0.17%
ANET	C	0.17%
ISRG	A	0.17%
DECK	B	0.16%
APO	B	0.16%
PLTR	B	0.16%
VLO	C	0.16%
EME	B	0.15%
LULU	B	0.15%
DOW	F	0.15%
KKR	B	0.15%
SHW	A	0.14%
REGN	F	0.14%
APP	B	0.14%
EBAY	C	0.14%
MLM	B	0.14%
ODFL	B	0.14%
ACGL	C	0.14%
VRT	B	0.13%
APH	B	0.13%
BKNG	A	0.13%
CSL	B	0.13%
ON	F	0.13%
TPL	B	0.13%
FITB	A	0.13%
IP	B	0.13%
CDNS	B	0.12%
LYB	F	0.12%
ETR	B	0.12%
CPNG	B	0.12%
SNPS	C	0.12%
WSM	F	0.12%
MKL	A	0.12%
FCNCA	B	0.12%
VRSK	A	0.12%
PHM	D	0.12%
CTSH	A	0.12%
JBL	C	0.11%
HBAN	A	0.11%
NTRS	A	0.11%
MRO	B	0.11%
ULTA	C	0.11%
IDXX	F	0.11%
MRVL	B	0.11%
BURL	C	0.11%
FSLR	F	0.11%
MTB	A	0.11%
SFM	B	0.11%
DRI	B	0.1%
LII	B	0.1%
UBER	F	0.1%
LPLA	A	0.1%
RPM	A	0.1%
FIX	B	0.1%
UTHR	B	0.1%
MCO	C	0.1%
NVR	D	0.1%
SW	B	0.1%
CRWD	B	0.1%
BX	A	0.1%
FLEX	B	0.1%
EQT	B	0.1%
HSY	F	0.09%
VTRS	B	0.09%
SBUX	B	0.09%
EXPD	C	0.09%
ROP	A	0.09%
EQH	B	0.09%
IT	B	0.09%
SLB	C	0.09%
LVS	C	0.09%
COR	B	0.09%
ADSK	B	0.09%
PWR	B	0.09%
TXRH	A	0.09%
CPRT	A	0.09%
CF	B	0.09%
POOL	D	0.08%
RNR	D	0.08%
EXP	B	0.08%
AEE	B	0.08%
LUV	B	0.08%
JBHT	C	0.08%
ABNB	C	0.08%
SNA	A	0.08%
RF	A	0.08%
JEF	B	0.08%
BG	D	0.08%
BJ	B	0.08%
FNF	C	0.08%
DKS	D	0.08%
NXPI	F	0.08%
CTVA	C	0.08%
EWBC	B	0.08%
NCLH	B	0.08%
CFG	B	0.08%
CASY	B	0.08%
KEYS	C	0.07%
ORLY	A	0.07%
DLTR	F	0.07%
PAYC	B	0.07%
WRB	B	0.07%
SAIA	B	0.07%
PPL	A	0.07%
MUSA	B	0.07%
MSTR	B	0.07%
SYY	D	0.07%
WMS	F	0.07%
TDG	D	0.07%
FI	A	0.07%
MLI	B	0.07%
PRI	B	0.07%
SRE	B	0.07%
BLDR	C	0.07%
FICO	B	0.07%
COIN	B	0.07%
GDDY	B	0.07%
MOH	F	0.07%
EG	D	0.07%
RS	C	0.07%
OVV	C	0.07%
RMD	C	0.07%
CRBG	C	0.06%
HCA	D	0.06%
COKE	C	0.06%
NRG	C	0.06%
WAL	B	0.06%
CMA	A	0.06%
AFG	A	0.06%
PR	C	0.06%
TTD	B	0.06%
BWXT	B	0.06%
LNTH	F	0.06%
KVUE	A	0.06%
MPWR	F	0.06%
ATI	F	0.06%
RL	B	0.06%
CMS	D	0.06%
CARR	C	0.06%
GNRC	B	0.06%
ALLY	C	0.06%
MANH	C	0.06%
GPC	D	0.06%
SPOT	A	0.06%
LECO	C	0.06%
FIS	B	0.06%
DCI	A	0.06%
GPK	D	0.06%
BALL	D	0.06%
PFGC	B	0.06%
CBRE	B	0.06%
DG	F	0.06%
BA	F	0.06%
AZO	B	0.05%
ENSG	C	0.05%
MHK	D	0.05%
WBS	A	0.05%
KDP	C	0.05%
EMN	D	0.05%
AJG	A	0.05%
WTFC	B	0.05%
PNW	A	0.05%
HUBS	B	0.05%
ATO	B	0.05%
JLL	C	0.05%
SNOW	C	0.05%
RHI	B	0.05%
CHD	A	0.05%
CROX	F	0.05%
ZBH	C	0.05%
WFRD	F	0.05%
WST	B	0.05%
SKX	F	0.05%
ZION	B	0.05%
MKTX	C	0.05%
KMX	B	0.05%
D	D	0.05%
TEAM	B	0.05%
STZ	D	0.05%
ALV	C	0.05%
MAR	A	0.05%
HOOD	B	0.05%
HPQ	B	0.05%
AIT	A	0.05%
CBT	C	0.05%
MOS	D	0.05%
BWA	B	0.05%
IR	A	0.05%
KNSL	C	0.05%
GGG	B	0.05%
R	B	0.05%
WAT	B	0.05%
WSO	B	0.05%
DDOG	B	0.05%
TER	F	0.05%
FYBR	D	0.05%
UFPI	B	0.05%
CHRD	D	0.05%
FND	F	0.05%
CHTR	B	0.05%
EMR	A	0.05%
HLT	A	0.05%
CDW	F	0.05%
MCHP	F	0.05%
ATR	A	0.05%
VFC	C	0.04%
STE	D	0.04%
CIVI	D	0.04%
AWI	B	0.04%
AKAM	F	0.04%
AA	C	0.04%
KEX	A	0.04%
CPAY	A	0.04%
EVR	B	0.04%
NBIX	C	0.04%
AOS	F	0.04%
SSD	F	0.04%
SOFI	B	0.04%
ALNY	D	0.04%
KNX	C	0.04%
DINO	D	0.04%
ROK	B	0.04%
HRB	D	0.04%
AGCO	F	0.04%
XYL	F	0.04%
XPO	B	0.04%
HUBB	C	0.04%
YUM	B	0.04%
CLF	F	0.04%
CMC	B	0.04%
SNX	C	0.04%
APTV	F	0.04%
WCN	A	0.04%
NET	B	0.04%
JAZZ	B	0.04%
HII	F	0.04%
TYL	B	0.04%
MTG	C	0.04%
FN	C	0.04%
AXON	B	0.04%
FMC	F	0.04%
PSTG	D	0.04%
TREX	C	0.04%
NSIT	F	0.04%
WEC	B	0.04%
RRC	B	0.04%
ALGN	D	0.04%
BR	A	0.04%
OTIS	D	0.04%
EPAM	B	0.04%
FHN	A	0.04%
CBSH	A	0.04%
CRS	B	0.04%
CLH	B	0.04%
KBH	D	0.04%
FDS	A	0.04%
LSTR	B	0.04%
JKHY	C	0.04%
EXPE	B	0.04%
AAON	B	0.04%
TSN	B	0.04%
SF	A	0.04%
CHX	C	0.04%
OMF	A	0.04%
CFR	B	0.04%
ORI	A	0.04%
FOXA	A	0.04%
DXCM	C	0.04%
LAD	B	0.03%
RPRX	F	0.03%
ERIE	F	0.03%
DY	C	0.03%
GWRE	A	0.03%
MOD	D	0.03%
RLI	A	0.03%
SCI	B	0.03%
RIVN	F	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%
IBP	F	0.03%
ROL	C	0.03%
COHR	C	0.03%
FFIV	B	0.03%
PEGA	B	0.03%
TKR	F	0.03%
ENLC	A	0.03%
MDB	C	0.03%
OLN	F	0.03%
HALO	C	0.03%
NU	B	0.03%
UHAL	D	0.03%
HLNE	B	0.03%
AWK	D	0.03%
CTLT	D	0.03%
NYT	C	0.03%
VOYA	B	0.03%
WWD	B	0.03%
MTZ	B	0.03%
EXPO	D	0.03%
CBOE	D	0.03%
GNTX	C	0.03%
HOLX	D	0.03%
ESNT	D	0.03%
TTWO	A	0.03%
SATS	D	0.03%
EHC	B	0.03%
PVH	C	0.03%
X	D	0.03%
AR	B	0.03%
MRNA	F	0.03%
PTC	B	0.03%
DOV	A	0.03%
ALK	A	0.03%
K	A	0.03%
BPOP	C	0.03%
STX	D	0.03%
RGLD	C	0.03%
TDY	B	0.03%
MAT	C	0.03%
CIEN	B	0.03%
PNFP	B	0.03%
SSB	B	0.03%
MNST	B	0.03%
MTD	F	0.03%
CVLT	B	0.03%
LEA	F	0.03%
APA	F	0.03%
ONB	B	0.03%
LNT	C	0.03%
TTC	F	0.03%
BAH	C	0.03%
SNV	B	0.03%
AVY	F	0.03%
DTM	A	0.03%
ITCI	B	0.02%
EXLS	B	0.02%
LANC	C	0.02%
PCTY	B	0.02%
FIVE	F	0.02%
AUR	D	0.02%
DPZ	C	0.02%
ROIV	D	0.02%
BRO	B	0.02%
CGNX	C	0.02%
FRPT	B	0.02%
INSM	C	0.02%
PPC	C	0.02%
BC	D	0.02%
CHH	B	0.02%
RBC	B	0.02%
MAS	D	0.02%
CELH	F	0.02%
OMC	A	0.02%
DOCS	B	0.02%
HRL	F	0.02%
MDU	D	0.02%
TOST	A	0.02%
VKTX	F	0.02%
AZN	F	0.02%
TRU	D	0.02%
ARMK	B	0.02%
HOMB	A	0.02%
FCN	F	0.02%
SWK	F	0.02%
ROKU	C	0.02%
FSS	C	0.02%
SMCI	F	0.02%
OZK	B	0.02%
ALSN	B	0.02%
NVT	C	0.02%
NTRA	B	0.02%
DAR	B	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	A	0.02%
JHG	A	0.02%
FE	D	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	D	0.02%
FOX	A	0.02%
OLLI	C	0.02%
LW	B	0.02%
VRSN	C	0.02%
LFUS	D	0.02%
EFX	F	0.02%
DT	C	0.02%
COOP	B	0.02%
CSWI	B	0.02%
NDAQ	B	0.02%
CG	B	0.02%
OSK	B	0.02%
FBIN	F	0.02%
MGY	B	0.02%
ENTG	F	0.02%
MTH	D	0.02%
FLR	C	0.02%
EL	F	0.02%
JNPR	D	0.02%
HESM	C	0.02%
QLYS	B	0.02%
TW	B	0.02%
CADE	B	0.02%
MASI	B	0.02%
IVZ	B	0.02%
RVTY	C	0.02%
PCVX	D	0.02%
THC	B	0.02%
G	B	0.02%
RVMD	C	0.02%
IBKR	A	0.02%
TPX	B	0.02%
PB	B	0.02%
NI	A	0.02%
ACM	B	0.02%
CHDN	B	0.02%
NTNX	B	0.02%
GME	C	0.02%
LBRDK	C	0.02%
AMKR	F	0.02%
PINS	F	0.02%
CHRW	A	0.02%
AFRM	B	0.02%
BPMC	C	0.01%
H	B	0.01%
PAG	B	0.01%
GFS	C	0.01%
RMBS	C	0.01%
NEU	C	0.01%
IONS	F	0.01%
SNAP	C	0.01%
CFLT	B	0.01%
CHWY	B	0.01%
TNET	C	0.01%
GTLS	B	0.01%
SMMT	D	0.01%
RRX	B	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	B	0.01%
LEN	D	0.01%
EXAS	F	0.01%
VAL	D	0.01%
VERX	B	0.01%
DKNG	B	0.01%
UI	B	0.01%
SUM	B	0.01%
ALTR	C	0.01%
PEN	C	0.01%
NOVT	C	0.01%
CE	F	0.01%
WYNN	C	0.01%
CACC	D	0.01%
U	F	0.01%
WTRG	C	0.01%
CAG	F	0.01%
CPB	F	0.01%
NDSN	B	0.01%
PATH	C	0.01%
GXO	B	0.01%
TDW	F	0.01%
BRBR	A	0.01%
HEI	A	0.01%
PCOR	B	0.01%
ZETA	F	0.01%
HQY	B	0.01%
HXL	F	0.01%
BROS	B	0.01%
FOUR	B	0.01%
AVAV	C	0.01%
PSN	C	0.01%
ESAB	B	0.01%
MTN	C	0.01%
MORN	B	0.01%
DDS	B	0.01%
ESTC	C	0.01%
GTLB	B	0.01%
IPG	F	0.01%
DLB	D	0.01%
AGR	C	0.01%
HSIC	F	0.01%
ACHC	F	0.01%
KRYS	C	0.01%
CWST	B	0.01%
NXST	C	0.01%
MKSI	C	0.01%
DUOL	A	0.01%
MARA	B	0.01%
LKQ	C	0.01%
VRNS	C	0.01%
MTCH	F	0.01%
CWAN	B	0.01%
RRR	F	0.01%
LSCC	D	0.01%
BECN	B	0.01%
APPF	B	0.01%
BSY	F	0.01%
BOKF	B	0.01%
J	D	0.01%
VNT	C	0.01%
RYAN	B	0.01%
ATKR	C	0.01%
IDA	A	0.01%
PARA	B	0.01%
RBLX	B	0.01%
SJM	F	0.01%
AVTR	F	0.01%
KBR	D	0.01%
SRPT	F	0.01%
LEVI	F	0.01%
AZEK	B	0.01%
NFG	D	0.01%
BEN	C	0.01%
WEX	D	0.01%
CRL	C	0.01%
XP	F	0.01%
MTSI	B	0.01%
BCPC	B	0.01%
MIDD	D	0.01%
AN	C	0.01%
WTS	B	0.01%
SPSC	F	0.01%
PLNT	A	0.01%
DVA	C	0.01%
LUMN	C	0.01%
GKOS	B	0.01%
VVV	B	0.01%
SMAR	A	0.01%
ZWS	B	0.01%
TTEK	F	0.01%
WING	D	0.01%
BIO	C	0.01%
AL	B	0.01%
LNC	B	0.01%
IOT	B	0.01%
PFSI	D	0.01%
ALB	C	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%
ENPH	F	0.01%
MDGL	C	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	F	0.0%
HIMS	C	0.0%
EMBC	C	0.0%
KLG	F	0.0%
COTY	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	A	0.0%
SIRI	C	0.0%
TXG	F	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	D	0.0%
APLS	F	0.0%
IPGP	C	0.0%
FNB	B	0.0%
INFA	F	0.0%
FIZZ	C	0.0%
PLUG	D	0.0%
ZI	C	0.0%
CAR	C	0.0%
RDN	C	0.0%
HCP	A	0.0%
HRI	C	0.0%
SNDR	B	0.0%
WK	B	0.0%
ALIT	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	C	0.0%
CZR	F	0.0%
INSP	F	0.0%
AMG	B	0.0%
MMS	F	0.0%
COLB	A	0.0%
POST	D	0.0%
ETSY	D	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%
DAY	B	0.0%
SAIC	D	0.0%
ALGM	F	0.0%
RBRK	B	0.0%
SLGN	B	0.0%
TKO	D	0.0%
RH	C	0.0%
FLUT	A	0.0%
HEI	A	0.0%
ELF	C	0.0%
APG	C	0.0%

AVLC Underweight 40 Positions Relative to FELV

Symbol	Grade	Weight
CCI	F	-0.55%
PSA	D	-0.51%
IGT	F	-0.5%
TPH	C	-0.36%
BRX	A	-0.34%
FR	D	-0.27%
VICI	D	-0.24%
DOC	C	-0.23%
SKYW	B	-0.21%
EQIX	B	-0.2%
SPG	A	-0.18%
EQR	C	-0.17%
ACA	B	-0.17%
CRC	B	-0.11%
QGEN	D	-0.11%
MHO	D	-0.11%
ENS	D	-0.11%
BKH	A	-0.11%
AMH	C	-0.11%
AMT	F	-0.1%
CNO	B	-0.09%
REG	A	-0.07%
NWL	B	-0.06%
LEG	F	-0.06%
VSTS	D	-0.06%
NMRK	B	-0.06%
GLPI	D	-0.05%
FHI	A	-0.05%
PLTK	B	-0.05%
MATX	B	-0.04%
ALRM	C	-0.04%
HL	D	-0.04%
ITRI	B	-0.03%
WOOF	D	-0.03%
WS	B	-0.03%
EXTR	C	-0.03%
SWI	B	-0.02%
TNL	A	-0.01%
FTDR	B	-0.01%
CXT	F	-0.01%