AVLC vs. FNX ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to First Trust Mid Cap Core AlphaDEX (FNX)

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

FNX

First Trust Mid Cap Core AlphaDEX

FNX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$125.45

Average Daily Volume

19,327

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	FNX
30 Days	4.71%	7.90%
60 Days	6.29%	7.72%
90 Days	7.72%	8.86%
12 Months	33.08%	36.29%

312 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in FNX	Overlap
	AAON	B	0.05%	0.35%	0.05%
	ADTN	A	0.01%	0.37%	0.01%
	AES	F	0.06%	0.1%	0.06%
	AFG	A	0.06%	0.15%	0.06%
	AFRM	B	0.03%	0.54%	0.03%
	AGCO	D	0.04%	0.21%	0.04%
	AGO	B	0.0%	0.41%	0.0%
	AIT	A	0.05%	0.26%	0.05%
	AIZ	A	0.05%	0.16%	0.05%
	AL	B	0.01%	0.38%	0.01%
	ALIT	C	0.0%	0.07%	0.0%
	ALK	C	0.03%	0.25%	0.03%
	ALKS	B	0.0%	0.21%	0.0%
	ALLE	D	0.02%	0.14%	0.02%
	ALSN	B	0.02%	0.35%	0.02%
	AMG	B	0.0%	0.37%	0.0%
	AMKR	D	0.02%	0.24%	0.02%
	AN	C	0.01%	0.26%	0.01%
	ANF	C	0.06%	0.22%	0.06%
	AOS	F	0.03%	0.06%	0.03%
	APA	D	0.03%	0.33%	0.03%
	AR	B	0.03%	0.16%	0.03%
	ARMK	B	0.02%	0.07%	0.02%
	ARW	D	0.05%	0.25%	0.05%
	ATI	D	0.06%	0.3%	0.06%
	ATKR	C	0.01%	0.37%	0.01%
	ATR	B	0.05%	0.15%	0.05%
	AUR	C	0.01%	0.22%	0.01%
	AVAV	D	0.01%	0.28%	0.01%
	AWI	A	0.04%	0.25%	0.04%
	AXS	A	0.05%	0.23%	0.05%
	AXTA	A	0.04%	0.16%	0.04%
	AYI	B	0.04%	0.17%	0.04%
	AZEK	A	0.01%	0.14%	0.01%
	BBWI	D	0.01%	0.21%	0.01%
	BC	C	0.02%	0.2%	0.02%
	BCC	B	0.03%	0.36%	0.03%
	BCPC	B	0.01%	0.07%	0.01%
	BECN	B	0.01%	0.27%	0.01%
	BEN	C	0.01%	0.31%	0.01%
	BERY	B	0.01%	0.23%	0.01%
	BFAM	D	0.0%	0.28%	0.0%
	BJ	A	0.08%	0.08%	0.08%
	BMI	B	0.02%	0.28%	0.02%
	BOKF	B	0.01%	0.16%	0.01%
	BPMC	C	0.0%	0.07%	0.0%
	BPOP	B	0.03%	0.14%	0.03%
	BRBR	A	0.01%	0.17%	0.01%
	BWA	D	0.05%	0.34%	0.05%
	BWXT	B	0.06%	0.25%	0.06%
	BYD	C	0.01%	0.32%	0.01%
	CACI	D	0.01%	0.32%	0.01%
	CADE	B	0.02%	0.34%	0.02%
	CBSH	A	0.04%	0.09%	0.04%
	CBT	C	0.05%	0.28%	0.05%
	CCK	C	0.02%	0.07%	0.02%
	CFR	B	0.04%	0.18%	0.04%
	CHDN	B	0.02%	0.07%	0.02%
	CHRD	D	0.05%	0.36%	0.05%
	CIVI	D	0.03%	0.37%	0.03%
	CLF	F	0.03%	0.25%	0.03%
	CLH	B	0.04%	0.22%	0.04%
	CMA	A	0.06%	0.16%	0.06%
	CMC	B	0.04%	0.39%	0.04%
	CNXC	F	0.0%	0.26%	0.0%
	COHR	B	0.03%	0.31%	0.03%
	COKE	C	0.06%	0.33%	0.06%
	COLB	A	0.0%	0.25%	0.0%
	COOP	B	0.02%	0.38%	0.02%
	COTY	F	0.0%	0.05%	0.0%
	CRDO	B	0.0%	0.19%	0.0%
	CRL	C	0.01%	0.14%	0.01%
	CROX	D	0.05%	0.1%	0.05%
	CRS	A	0.04%	0.4%	0.04%
	CRUS	D	0.04%	0.12%	0.04%
	CRVL	A	0.0%	0.31%	0.0%
	CSWI	A	0.02%	0.4%	0.02%
	CVLT	B	0.03%	0.39%	0.03%
	CW	B	0.03%	0.31%	0.03%
	CWST	A	0.01%	0.08%	0.01%
	CZR	F	0.0%	0.06%	0.0%
	DAR	C	0.02%	0.33%	0.02%
	DAY	B	0.0%	0.09%	0.0%
	DBX	B	0.01%	0.07%	0.01%
	DCI	B	0.06%	0.07%	0.06%
	DDS	B	0.01%	0.4%	0.01%
	DINO	D	0.04%	0.35%	0.04%
	DKS	C	0.08%	0.14%	0.08%
	DOCU	A	0.05%	0.18%	0.05%
	DT	C	0.02%	0.14%	0.02%
	DTM	B	0.04%	0.19%	0.04%
	DUOL	A	0.01%	0.39%	0.01%
	DVA	B	0.01%	0.34%	0.01%
	DXC	B	0.0%	0.27%	0.0%
	DY	D	0.03%	0.36%	0.03%
	EEFT	B	0.0%	0.07%	0.0%
	EHC	B	0.03%	0.29%	0.03%
	ELAN	D	0.01%	0.07%	0.01%
	EMN	D	0.04%	0.27%	0.04%
	ENSG	D	0.05%	0.36%	0.05%
	EPAM	C	0.04%	0.17%	0.04%
	ESAB	B	0.01%	0.08%	0.01%
	ESI	A	0.0%	0.07%	0.0%
	ESNT	D	0.03%	0.31%	0.03%
	EVRG	A	0.05%	0.29%	0.05%
	EWBC	A	0.08%	0.36%	0.08%
	EXEL	B	0.03%	0.29%	0.03%
	EXLS	B	0.02%	0.33%	0.02%
	EXP	A	0.07%	0.3%	0.07%
	EXPO	D	0.03%	0.12%	0.03%
	FAF	A	0.03%	0.14%	0.03%
	FBIN	D	0.02%	0.06%	0.02%
	FCN	D	0.02%	0.06%	0.02%
	FFIN	B	0.0%	0.24%	0.0%
	FFIV	B	0.03%	0.16%	0.03%
	FHN	A	0.04%	0.28%	0.04%
	FIVE	F	0.01%	0.21%	0.01%
	FIX	A	0.1%	0.41%	0.1%
	FLO	D	0.0%	0.07%	0.0%
	FLR	B	0.02%	0.08%	0.02%
	FLS	B	0.02%	0.25%	0.02%
	FMC	D	0.04%	0.3%	0.04%
	FNB	A	0.0%	0.25%	0.0%
	FND	C	0.05%	0.06%	0.05%
	FOUR	B	0.01%	0.41%	0.01%
	FRPT	B	0.02%	0.32%	0.02%
	FSS	B	0.02%	0.21%	0.02%
	G	B	0.03%	0.33%	0.03%
	GAP	C	0.04%	0.07%	0.04%
	GKOS	B	0.01%	0.15%	0.01%
	GL	B	0.06%	0.22%	0.06%
	GME	C	0.03%	0.08%	0.03%
	GMED	A	0.03%	0.33%	0.03%
	GPK	C	0.06%	0.14%	0.06%
	GWRE	A	0.03%	0.3%	0.03%
	GXO	B	0.01%	0.16%	0.01%
	H	B	0.01%	0.07%	0.01%
	HALO	F	0.03%	0.16%	0.03%
	HII	D	0.04%	0.21%	0.04%
	HIMS	B	0.0%	0.33%	0.0%
	HLI	B	0.02%	0.25%	0.02%
	HLNE	B	0.03%	0.41%	0.03%
	HOMB	A	0.02%	0.16%	0.02%
	HRB	D	0.03%	0.2%	0.03%
	HRI	B	0.0%	0.29%	0.0%
	HSIC	B	0.01%	0.15%	0.01%
	IBKR	A	0.03%	0.38%	0.03%
	IBP	D	0.03%	0.18%	0.03%
	IDA	A	0.01%	0.25%	0.01%
	INGR	B	0.07%	0.29%	0.07%
	INSM	C	0.02%	0.2%	0.02%
	INSP	D	0.0%	0.12%	0.0%
	IOT	A	0.01%	0.37%	0.01%
	IPG	D	0.01%	0.19%	0.01%
	ITCI	C	0.01%	0.16%	0.01%
	ITT	A	0.04%	0.22%	0.04%
	JAZZ	B	0.04%	0.3%	0.04%
	JBL	B	0.1%	0.23%	0.1%
	JEF	A	0.08%	0.17%	0.08%
	JLL	D	0.05%	0.07%	0.05%
	JXN	C	0.07%	0.32%	0.07%
	KBH	D	0.04%	0.32%	0.04%
	KD	B	0.04%	0.09%	0.04%
	KEX	C	0.04%	0.22%	0.04%
	KMX	B	0.05%	0.07%	0.05%
	KNSL	B	0.05%	0.07%	0.05%
	KNX	B	0.04%	0.22%	0.04%
	LAD	A	0.03%	0.42%	0.03%
	LBRDK	C	0.02%	0.32%	0.02%
	LEA	D	0.03%	0.31%	0.03%
	LFUS	F	0.02%	0.06%	0.02%
	LKQ	D	0.01%	0.27%	0.01%
	LNC	B	0.01%	0.32%	0.01%
	LNTH	D	0.05%	0.25%	0.05%
	LPX	B	0.06%	0.23%	0.06%
	LSTR	D	0.04%	0.07%	0.04%
	LYFT	C	0.01%	0.1%	0.01%
	M	D	0.02%	0.28%	0.02%
	MARA	C	0.01%	0.08%	0.01%
	MAT	D	0.03%	0.14%	0.03%
	MDU	D	0.02%	0.36%	0.02%
	MGM	D	0.01%	0.14%	0.01%
	MGY	A	0.02%	0.4%	0.02%
	MIDD	C	0.01%	0.21%	0.01%
	MKTX	D	0.05%	0.15%	0.05%
	MLI	C	0.07%	0.35%	0.07%
	MMS	F	0.0%	0.18%	0.0%
	MMSI	B	0.02%	0.23%	0.02%
	MOD	A	0.03%	0.34%	0.03%
	MOG.A	B	0.02%	0.39%	0.02%
	MORN	B	0.01%	0.08%	0.01%
	MOS	F	0.05%	0.28%	0.05%
	MTCH	D	0.01%	0.12%	0.01%
	MTDR	B	0.05%	0.43%	0.05%
	MTG	C	0.04%	0.35%	0.04%
	MTH	D	0.02%	0.31%	0.02%
	MUR	D	0.03%	0.35%	0.03%
	MUSA	A	0.07%	0.08%	0.07%
	NCLH	B	0.08%	0.27%	0.08%
	NFE	D	0.0%	0.28%	0.0%
	NFG	A	0.01%	0.29%	0.01%
	NOV	C	0.02%	0.36%	0.02%
	NSIT	F	0.04%	0.05%	0.04%
	NTNX	A	0.02%	0.08%	0.02%
	NTRA	B	0.02%	0.43%	0.02%
	NXST	C	0.01%	0.28%	0.01%
	NYT	C	0.03%	0.14%	0.03%
	OGE	B	0.04%	0.23%	0.04%
	OGN	D	0.01%	0.11%	0.01%
	OLLI	D	0.02%	0.13%	0.02%
	OLN	D	0.03%	0.19%	0.03%
	OMF	A	0.04%	0.25%	0.04%
	ONB	B	0.03%	0.16%	0.03%
	OPCH	D	0.0%	0.05%	0.0%
	ORI	A	0.05%	0.23%	0.05%
	OSK	B	0.02%	0.39%	0.02%
	OVV	B	0.08%	0.42%	0.08%
	OWL	A	0.0%	0.09%	0.0%
	OZK	B	0.02%	0.32%	0.02%
	PAG	B	0.01%	0.21%	0.01%
	PB	A	0.02%	0.16%	0.02%
	PBF	D	0.01%	0.36%	0.01%
	PCTY	B	0.02%	0.08%	0.02%
	PEGA	A	0.03%	0.33%	0.03%
	PFGC	B	0.06%	0.15%	0.06%
	PFSI	D	0.01%	0.06%	0.01%
	PI	D	0.01%	0.23%	0.01%
	PLNT	A	0.01%	0.26%	0.01%
	PNFP	B	0.03%	0.18%	0.03%
	PNW	B	0.05%	0.3%	0.05%
	PODD	C	0.03%	0.32%	0.03%
	POST	C	0.0%	0.2%	0.0%
	PRI	A	0.07%	0.16%	0.07%
	PSN	D	0.01%	0.33%	0.01%
	PVH	C	0.03%	0.36%	0.03%
	R	B	0.05%	0.32%	0.05%
	RARE	D	0.0%	0.11%	0.0%
	RBC	A	0.02%	0.08%	0.02%
	RDN	C	0.0%	0.35%	0.0%
	REYN	D	0.0%	0.19%	0.0%
	RGLD	C	0.03%	0.07%	0.03%
	RHI	B	0.05%	0.16%	0.05%
	RL	B	0.05%	0.23%	0.05%
	RLI	B	0.03%	0.08%	0.03%
	RNA	D	0.0%	0.13%	0.0%
	RNR	C	0.07%	0.34%	0.07%
	ROIV	C	0.02%	0.07%	0.02%
	RRC	B	0.04%	0.32%	0.04%
	RRX	B	0.01%	0.07%	0.01%
	RVMD	C	0.02%	0.09%	0.02%
	RYAN	B	0.01%	0.23%	0.01%
	S	B	0.01%	0.16%	0.01%
	SAIC	F	0.0%	0.06%	0.0%
	SCI	B	0.03%	0.16%	0.03%
	SEE	C	0.01%	0.07%	0.01%
	SEIC	B	0.03%	0.25%	0.03%
	SF	B	0.04%	0.09%	0.04%
	SFM	A	0.12%	0.46%	0.12%
	SIGI	C	0.02%	0.08%	0.02%
	SJM	D	0.01%	0.2%	0.01%
	SKX	D	0.05%	0.2%	0.05%
	SLGN	A	0.0%	0.15%	0.0%
	SM	B	0.01%	0.4%	0.01%
	SNV	B	0.03%	0.09%	0.03%
	SNX	C	0.04%	0.28%	0.04%
	SOFI	A	0.04%	0.38%	0.04%
	SOLV	C	0.01%	0.28%	0.01%
	SON	D	0.02%	0.26%	0.02%
	SSB	B	0.03%	0.16%	0.03%
	SSD	D	0.04%	0.07%	0.04%
	SUM	B	0.01%	0.27%	0.01%
	SWX	B	0.02%	0.23%	0.02%
	TAP	C	0.05%	0.39%	0.05%
	TECH	D	0.02%	0.06%	0.02%
	TFX	F	0.02%	0.06%	0.02%
	THO	B	0.01%	0.22%	0.01%
	TKO	B	0.0%	0.29%	0.0%
	TKR	D	0.03%	0.19%	0.03%
	TMDX	F	0.0%	0.15%	0.0%
	TMHC	B	0.02%	0.35%	0.02%
	TNET	D	0.01%	0.06%	0.01%
	TOST	B	0.02%	0.4%	0.02%
	TPG	A	0.0%	0.25%	0.0%
	TPR	B	0.08%	0.17%	0.08%
	TTC	D	0.03%	0.14%	0.03%
	TTEK	F	0.01%	0.31%	0.01%
	TW	A	0.02%	0.23%	0.02%
	TXRH	C	0.09%	0.24%	0.09%
	U	C	0.01%	0.06%	0.01%
	UFPI	B	0.05%	0.28%	0.05%
	UGI	A	0.0%	0.35%	0.0%
	UHAL	D	0.03%	0.12%	0.03%
	UHAL	D	0.0%	0.12%	0.0%
	UHS	D	0.06%	0.25%	0.06%
	UNM	A	0.06%	0.35%	0.06%
	USFD	A	0.01%	0.08%	0.01%
	VMI	B	0.05%	0.08%	0.05%
	VNT	B	0.01%	0.24%	0.01%
	VOYA	B	0.03%	0.15%	0.03%
	VRNS	D	0.01%	0.19%	0.01%
	WAL	B	0.06%	0.15%	0.06%
	WBS	A	0.05%	0.28%	0.05%
	WCC	B	0.07%	0.35%	0.07%
	WHR	B	0.0%	0.3%	0.0%
	WING	D	0.01%	0.11%	0.01%
	WTFC	A	0.05%	0.26%	0.05%
	WTRG	B	0.01%	0.22%	0.01%
	WTS	B	0.01%	0.15%	0.01%
	WWD	B	0.03%	0.14%	0.03%
	WYNN	D	0.01%	0.14%	0.01%
	ZETA	D	0.0%	0.23%	0.0%
	ZION	B	0.05%	0.27%	0.05%

AVLC Overweight 664 Positions Relative to FNX

	Symbol	Grade	Weight
	AAPL	C	5.24%
	NVDA	C	4.82%
	MSFT	F	4.39%
	AMZN	C	3.03%
	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	B	0.94%
	LLY	F	0.79%
	TSLA	B	0.78%
	BRK.A	B	0.67%
	MA	C	0.66%
	CVX	A	0.64%
	WMT	A	0.64%
	V	A	0.59%
	HD	A	0.58%
	JNJ	D	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%
	TJX	A	0.44%
	T	A	0.42%
	BAC	A	0.42%
	ORCL	B	0.42%
	KO	D	0.4%
	AXP	A	0.4%
	PG	A	0.39%
	MELI	D	0.39%
	CMCSA	B	0.38%
	COP	C	0.38%
	ABBV	D	0.38%
	AMAT	F	0.36%
	UNH	C	0.36%
	ADP	B	0.36%
	MS	A	0.35%
	GILD	C	0.35%
	LRCX	F	0.34%
	ADBE	C	0.33%
	MRK	F	0.32%
	ACN	C	0.32%
	PYPL	B	0.32%
	GM	B	0.31%
	TMUS	B	0.31%
	AMD	F	0.31%
	NOW	A	0.3%
	EOG	A	0.3%
	DE	A	0.3%
	CSCO	B	0.3%
	WMB	A	0.29%
	TGT	F	0.29%
	RCL	A	0.28%
	TRGP	B	0.27%
	PEP	F	0.27%
	INTU	C	0.27%
	IBM	C	0.27%
	FDX	B	0.26%
	TRV	B	0.26%
	TXN	C	0.26%
	AMP	A	0.26%
	CSX	B	0.26%
	PCAR	B	0.25%
	VRTX	F	0.25%
	C	A	0.23%
	LMT	D	0.23%
	MSI	B	0.23%
	COF	B	0.23%
	FTNT	C	0.23%
	GWW	B	0.23%
	USB	A	0.23%
	LNG	B	0.23%
	DAL	C	0.23%
	CMG	B	0.23%
	APD	A	0.22%
	NSC	B	0.22%
	CB	C	0.22%
	PNC	B	0.22%
	MPC	D	0.22%
	KLAC	D	0.21%
	LIN	D	0.21%
	CMI	A	0.21%
	SCHW	B	0.21%
	ROST	C	0.21%
	ALL	A	0.2%
	GE	D	0.2%
	ABT	B	0.2%
	ZTS	D	0.2%
	F	C	0.2%
	URI	B	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	C	0.19%
	TFC	A	0.19%
	UPS	C	0.19%
	HIG	B	0.19%
	HES	B	0.19%
	AMGN	D	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	D	0.18%
	BLK	C	0.18%
	BKR	B	0.18%
	PAYX	C	0.17%
	VLO	C	0.17%
	TSCO	D	0.17%
	NKE	D	0.17%
	LEN	D	0.17%
	MU	D	0.17%
	FANG	D	0.17%
	NUE	C	0.16%
	MCD	D	0.16%
	DUK	C	0.16%
	INTC	D	0.16%
	DECK	A	0.16%
	APP	B	0.16%
	RTX	C	0.16%
	APO	B	0.16%
	ACGL	D	0.15%
	ADI	D	0.15%
	OXY	D	0.15%
	TMO	F	0.15%
	PFE	D	0.15%
	HON	B	0.15%
	SYF	B	0.15%
	KKR	A	0.15%
	LULU	C	0.15%
	ANET	C	0.15%
	REGN	F	0.14%
	FITB	A	0.14%
	DOW	F	0.14%
	AEP	D	0.14%
	SHW	A	0.14%
	DVN	F	0.14%
	TT	A	0.14%
	MLM	B	0.14%
	ETN	A	0.14%
	KMB	D	0.14%
	EBAY	D	0.14%
	EME	C	0.14%
	ODFL	B	0.14%
	CTSH	B	0.13%
	WM	A	0.13%
	SO	D	0.13%
	IP	B	0.13%
	VRT	B	0.13%
	CCL	B	0.13%
	DHR	F	0.13%
	HAL	C	0.13%
	BKNG	A	0.13%
	VST	B	0.13%
	CSL	C	0.13%
	ELV	F	0.13%
	TPL	A	0.13%
	PCG	A	0.13%
	GEV	B	0.13%
	SYK	C	0.12%
	SNPS	B	0.12%
	BBY	D	0.12%
	MTB	A	0.12%
	CDNS	B	0.12%
	MDT	D	0.12%
	CTAS	B	0.12%
	CME	A	0.12%
	ETR	B	0.12%
	FCNCA	A	0.12%
	PHM	D	0.12%
	DHI	D	0.12%
	MKL	A	0.12%
	CPNG	D	0.12%
	LOW	D	0.12%
	STLD	B	0.12%
	PKG	A	0.12%
	ITW	B	0.12%
	BSX	B	0.12%
	ON	D	0.12%
	VRSK	A	0.12%
	APH	A	0.12%
	HBAN	A	0.11%
	ULTA	F	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%
	BURL	A	0.11%
	CEG	D	0.11%
	WSM	B	0.11%
	GRMN	B	0.1%
	DRI	B	0.1%
	CPRT	A	0.1%
	AON	A	0.1%
	TROW	B	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%
	NVR	D	0.1%
	KMI	A	0.1%
	EXC	C	0.1%
	MCO	B	0.1%
	FSLR	F	0.1%
	MSTR	C	0.09%
	MO	A	0.09%
	VTRS	A	0.09%
	LVS	C	0.09%
	CVNA	B	0.09%
	SPGI	C	0.09%
	EXPD	D	0.09%
	EQH	B	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%
	SBUX	A	0.09%
	IT	C	0.09%
	PH	A	0.09%
	HSY	F	0.09%
	EIX	B	0.09%
	PWR	A	0.09%
	UBER	D	0.09%
	ADSK	A	0.09%
	CF	B	0.09%
	LII	A	0.09%
	CNC	D	0.08%
	EG	C	0.08%
	EW	C	0.08%
	NXPI	D	0.08%
	JBHT	C	0.08%
	RGA	A	0.08%
	BG	F	0.08%
	GDDY	A	0.08%
	LUV	C	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%
	HPE	B	0.08%
	FTI	A	0.08%
	ED	D	0.08%
	CASY	A	0.08%
	DFS	B	0.08%
	CFG	B	0.08%
	SQ	B	0.07%
	ICE	C	0.07%
	DTE	C	0.07%
	L	A	0.07%
	SWKS	F	0.07%
	CINF	A	0.07%
	MOH	F	0.07%
	PAYC	B	0.07%
	MCK	B	0.07%
	ORLY	B	0.07%
	SAIA	B	0.07%
	DLTR	F	0.07%
	WRB	A	0.07%
	ABNB	C	0.07%
	SPOT	B	0.07%
	SYY	B	0.07%
	TOL	B	0.07%
	RMD	C	0.07%
	POOL	C	0.07%
	CI	F	0.07%
	PPL	B	0.07%
	RS	B	0.07%
	NEE	D	0.07%
	FI	A	0.07%
	BLDR	D	0.07%
	TDG	D	0.07%
	SRE	A	0.07%
	ALLY	C	0.06%
	PR	B	0.06%
	VLTO	D	0.06%
	KVUE	A	0.06%
	LECO	B	0.06%
	IFF	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%
	CLX	B	0.06%
	A	D	0.06%
	FIS	C	0.06%
	EA	A	0.06%
	DG	F	0.06%
	DASH	A	0.06%
	KEYS	A	0.06%
	DD	D	0.06%
	NTAP	C	0.06%
	ECL	D	0.06%
	CBRE	B	0.06%
	BALL	D	0.06%
	AZO	C	0.05%
	NOC	D	0.05%
	MSCI	C	0.05%
	ZM	B	0.05%
	CVS	D	0.05%
	TSN	B	0.05%
	WFRD	D	0.05%
	FOXA	B	0.05%
	KDP	D	0.05%
	DXCM	D	0.05%
	AJG	B	0.05%
	KHC	F	0.05%
	ZBH	C	0.05%
	HUM	C	0.05%
	VMC	B	0.05%
	ATO	A	0.05%
	CHD	B	0.05%
	MCHP	D	0.05%
	D	C	0.05%
	GD	F	0.05%
	TER	D	0.05%
	HPQ	B	0.05%
	SNOW	C	0.05%
	CDW	F	0.05%
	ALV	C	0.05%
	PPG	F	0.05%
	AXON	A	0.05%
	HUBS	A	0.05%
	DDOG	A	0.05%
	TXT	D	0.05%
	VEEV	C	0.05%
	STZ	D	0.05%
	WAT	B	0.05%
	IR	B	0.05%
	MAR	B	0.05%
	GGG	B	0.05%
	FYBR	D	0.05%
	WST	C	0.05%
	HWM	A	0.05%
	AME	A	0.05%
	WSO	A	0.05%
	CRBG	B	0.05%
	BDX	F	0.05%
	TEAM	A	0.05%
	NRG	B	0.05%
	HCA	F	0.05%
	HOOD	B	0.05%
	TTD	B	0.05%
	DELL	C	0.05%
	EMR	A	0.05%
	HLT	A	0.05%
	CHTR	C	0.05%
	KEY	B	0.05%
	ALNY	D	0.04%
	RSG	A	0.04%
	EVR	B	0.04%
	TWLO	A	0.04%
	LNT	A	0.04%
	STE	F	0.04%
	NBIX	C	0.04%
	ILMN	D	0.04%
	HUBB	B	0.04%
	PSTG	D	0.04%
	JCI	C	0.04%
	XPO	B	0.04%
	XYL	D	0.04%
	YUM	B	0.04%
	IQV	D	0.04%
	FN	D	0.04%
	LH	C	0.04%
	ROK	B	0.04%
	CPAY	A	0.04%
	NET	B	0.04%
	ALGN	D	0.04%
	APTV	D	0.04%
	TYL	B	0.04%
	WCN	A	0.04%
	OTIS	C	0.04%
	TREX	C	0.04%
	CSGP	D	0.04%
	WEC	A	0.04%
	BR	A	0.04%
	JKHY	D	0.04%
	WAB	B	0.04%
	ANSS	B	0.04%
	FDS	B	0.04%
	CHX	C	0.04%
	EXPE	B	0.04%
	MPWR	F	0.04%
	MHK	D	0.04%
	DOX	D	0.03%
	MEDP	D	0.03%
	LDOS	C	0.03%
	CHRW	C	0.03%
	BLD	D	0.03%
	MRNA	F	0.03%
	IEX	B	0.03%
	ENLC	A	0.03%
	NWSA	B	0.03%
	X	C	0.03%
	ROL	B	0.03%
	BIIB	F	0.03%
	ZS	C	0.03%
	CTLT	B	0.03%
	AWK	D	0.03%
	ZBRA	B	0.03%
	MTZ	B	0.03%
	MDB	C	0.03%
	NU	C	0.03%
	BMRN	D	0.03%
	STX	D	0.03%
	CBOE	B	0.03%
	MTD	D	0.03%
	LHX	C	0.03%
	WDC	D	0.03%
	AM	A	0.03%
	AKAM	D	0.03%
	HOLX	D	0.03%
	GNTX	C	0.03%
	TTWO	A	0.03%
	RIVN	F	0.03%
	GEHC	F	0.03%
	INCY	C	0.03%
	AA	B	0.03%
	GIS	D	0.03%
	DOV	A	0.03%
	PTC	A	0.03%
	K	A	0.03%
	CAH	B	0.03%
	VFC	C	0.03%
	TDY	B	0.03%
	CIEN	B	0.03%
	BAH	F	0.03%
	WBD	C	0.03%
	MNST	C	0.03%
	AVY	D	0.03%
	PNR	A	0.02%
	LNW	D	0.02%
	MSA	D	0.02%
	BRO	B	0.02%
	MAS	D	0.02%
	TRU	D	0.02%
	PPC	C	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%
	AZN	D	0.02%
	BAX	D	0.02%
	NVT	B	0.02%
	WTW	B	0.02%
	ROKU	D	0.02%
	OLED	D	0.02%
	ONTO	D	0.02%
	CNM	D	0.02%
	HAS	D	0.02%
	BRKR	D	0.02%
	ARES	A	0.02%
	GLOB	B	0.02%
	JHG	A	0.02%
	FE	C	0.02%
	Z	A	0.02%
	LYV	A	0.02%
	AMCR	D	0.02%
	CHE	D	0.02%
	DOCS	C	0.02%
	ES	D	0.02%
	VRSN	F	0.02%
	LW	C	0.02%
	EFX	F	0.02%
	SN	D	0.02%
	EL	F	0.02%
	CNP	B	0.02%
	CG	A	0.02%
	NEM	D	0.02%
	ENTG	D	0.02%
	PINS	D	0.02%
	FOX	A	0.02%
	HESM	B	0.02%
	PCVX	D	0.02%
	NDAQ	A	0.02%
	JNPR	F	0.02%
	QLYS	C	0.02%
	IVZ	B	0.02%
	RVTY	F	0.02%
	THC	D	0.02%
	MASI	A	0.02%
	TRMB	B	0.02%
	TPX	B	0.02%
	ERIE	D	0.02%
	ACM	A	0.02%
	RPRX	D	0.02%
	WLK	D	0.02%
	NI	A	0.02%
	SATS	D	0.02%
	GFS	C	0.01%
	SNAP	C	0.01%
	HEI	B	0.01%
	RMBS	C	0.01%
	ELF	C	0.01%
	FLUT	A	0.01%
	NEU	C	0.01%
	SMMT	D	0.01%
	IONS	F	0.01%
	ZG	A	0.01%
	CE	F	0.01%
	CFLT	B	0.01%
	CYTK	F	0.01%
	CHWY	B	0.01%
	LCID	F	0.01%
	AAL	B	0.01%
	GTLS	B	0.01%
	CWEN	C	0.01%
	TDW	F	0.01%
	EXAS	D	0.01%
	RGEN	D	0.01%
	LEN	D	0.01%
	VAL	D	0.01%
	NOVT	D	0.01%
	VERX	B	0.01%
	ALTR	B	0.01%
	CACC	D	0.01%
	PEN	B	0.01%
	CAG	D	0.01%
	CPB	D	0.01%
	DKNG	B	0.01%
	NDSN	B	0.01%
	HQY	B	0.01%
	PATH	C	0.01%
	NWS	B	0.01%
	HXL	D	0.01%
	PCOR	B	0.01%
	NPAB	B	0.01%
	ACHC	F	0.01%
	DLB	B	0.01%
	HEI	B	0.01%
	GTLB	B	0.01%
	BROS	B	0.01%
	MTN	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%
	SSNC	B	0.01%
	BSY	D	0.01%
	APPF	B	0.01%
	AVTR	F	0.01%
	PARA	C	0.01%
	GPN	B	0.01%
	J	F	0.01%
	SRPT	D	0.01%
	RBLX	C	0.01%
	MTSI	B	0.01%
	KBR	F	0.01%
	XP	F	0.01%
	LEVI	F	0.01%
	WEX	D	0.01%
	ENPH	F	0.01%
	DGX	A	0.01%
	LUMN	C	0.01%
	VVV	F	0.01%
	SPSC	C	0.01%
	BIO	D	0.01%
	SMAR	A	0.01%
	ZWS	B	0.01%
	MDGL	B	0.01%
	MKC	D	0.01%
	WSC	D	0.01%
	SITE	D	0.01%
	VKTX	F	0.01%
	FTV	C	0.01%
	SMCI	F	0.01%
	CR	A	0.01%
	WH	B	0.01%
	ALB	C	0.01%
	LANC	C	0.01%
	CELH	F	0.01%
	DPZ	C	0.01%
	CGNX	C	0.01%
	NVST	B	0.0%
	CRSP	D	0.0%
	WOLF	F	0.0%
	AGL	F	0.0%
	EMBC	C	0.0%
	KLG	C	0.0%
	SEDG	F	0.0%
	FG	B	0.0%
	IMVT	F	0.0%
	SPB	C	0.0%
	TXG	F	0.0%
	SIRI	C	0.0%
	WBA	F	0.0%
	SAM	C	0.0%
	BRZE	C	0.0%
	BBIO	F	0.0%
	GBCI	B	0.0%
	APLS	D	0.0%
	IPGP	D	0.0%
	INFA	D	0.0%
	PLUG	F	0.0%
	ZI	D	0.0%
	FIZZ	C	0.0%
	CWEN	C	0.0%
	TDC	D	0.0%
	HCP	B	0.0%
	CAR	C	0.0%
	SNDR	B	0.0%
	WK	B	0.0%
	TENB	C	0.0%
	FRHC	B	0.0%
	ST	F	0.0%
	LBRDA	C	0.0%
	W	F	0.0%
	BIRK	D	0.0%
	ACT	D	0.0%
	ETSY	D	0.0%
	XRAY	F	0.0%
	CNA	B	0.0%
	NUVL	D	0.0%
	RDDT	B	0.0%
	ALGM	D	0.0%
	RBRK	A	0.0%
	RH	B	0.0%
	APG	B	0.0%

AVLC Underweight 126 Positions Relative to FNX

	Symbol	Grade	Weight
	AX	A	-0.46%
	CNX	A	-0.43%
	QTWO	A	-0.43%
	SFBS	B	-0.42%
	NOG	A	-0.42%
	CORT	B	-0.41%
	HP	B	-0.4%
	KTB	B	-0.4%
	MATX	C	-0.39%
	PTEN	C	-0.39%
	HCC	B	-0.38%
	GPI	A	-0.38%
	KNF	A	-0.38%
	ACIW	B	-0.38%
	OTTR	C	-0.37%
	AMR	C	-0.37%
	URBN	C	-0.36%
	LTH	C	-0.35%
	TEX	D	-0.35%
	PIPR	B	-0.34%
	RDNT	B	-0.33%
	RUSHA	C	-0.33%
	TPH	D	-0.33%
	SIG	B	-0.33%
	LBRT	D	-0.33%
	CNO	A	-0.32%
	MHO	D	-0.32%
	HOG	D	-0.31%
	ABG	B	-0.31%
	ITRI	B	-0.31%
	GMS	B	-0.31%
	ITGR	B	-0.3%
	ASO	F	-0.29%
	BOOT	D	-0.29%
	SR	A	-0.29%
	GBDC	C	-0.29%
	AAP	C	-0.29%
	OGS	A	-0.29%
	BKH	A	-0.29%
	AVT	C	-0.28%
	POR	C	-0.28%
	EPRT	B	-0.28%
	BCO	D	-0.28%
	HST	C	-0.28%
	KRC	C	-0.28%
	ENS	D	-0.27%
	SMG	D	-0.25%
	ASH	D	-0.25%
	SLG	B	-0.24%
	ABCB	B	-0.24%
	WHD	B	-0.24%
	HWC	B	-0.24%
	SANM	B	-0.24%
	VLY	B	-0.24%
	HASI	D	-0.23%
	SLM	A	-0.23%
	AEO	F	-0.23%
	PNM	F	-0.23%
	CRC	B	-0.23%
	BDC	B	-0.22%
	RIG	D	-0.22%
	ADC	B	-0.22%
	BOX	B	-0.22%
	CUZ	B	-0.22%
	MSM	C	-0.21%
	SBRA	C	-0.21%
	COLM	B	-0.21%
	JWN	C	-0.21%
	WU	D	-0.2%
	ASGN	F	-0.2%
	WPC	D	-0.19%
	DIOD	D	-0.18%
	UMBF	B	-0.17%
	KAI	A	-0.17%
	IBOC	A	-0.17%
	PII	D	-0.17%
	ACA	A	-0.16%
	RUN	F	-0.16%
	AUB	B	-0.16%
	UBSI	B	-0.16%
	UCB	A	-0.16%
	HGV	B	-0.16%
	REG	B	-0.15%
	PRGO	B	-0.15%
	NJR	A	-0.15%
	AXSM	B	-0.15%
	CNS	B	-0.15%
	DNB	B	-0.15%
	SEM	B	-0.15%
	BRX	A	-0.15%
	MSGS	A	-0.15%
	LAMR	D	-0.14%
	OHI	C	-0.14%
	BLKB	B	-0.14%
	KFY	B	-0.14%
	AVNT	B	-0.14%
	FELE	B	-0.14%
	CUBE	D	-0.13%
	RYN	D	-0.13%
	FUL	F	-0.13%
	WD	D	-0.13%
	CLSK	C	-0.1%
	MAIN	A	-0.08%
	GOLF	B	-0.08%
	THG	A	-0.08%
	WTM	A	-0.08%
	LOPE	B	-0.08%
	GATX	A	-0.08%
	AGNC	D	-0.07%
	EGP	F	-0.07%
	FR	C	-0.07%
	STWD	C	-0.07%
	CPT	B	-0.07%
	UDR	B	-0.07%
	CTRE	D	-0.07%
	KRG	B	-0.07%
	SKY	A	-0.07%
	VNO	B	-0.07%
	ORA	B	-0.07%
	IRT	A	-0.07%
	RHP	B	-0.07%
	HUN	F	-0.06%
	VRRM	D	-0.06%
	NSP	D	-0.06%
	IAC	D	-0.06%
	NNN	D	-0.06%

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

FNX: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Oil & Gas E&P Asset Management Diversified Industrials Software - Application Software - Infrastructure Building Materials Business Services Information Technology Services Packaging & Containers Auto & Truck Dealerships Insurance - Property & Casualty Specialty Chemicals Specialty Retail Apparel Stores Leisure Packaged Foods REIT - Diversified Residential Construction

Keywords: S&P 500 Banking Bank Natural Gas Insurance Mining Real Estate Investment Trust Chemical Computing Construction Medicine Electronics Aerospace Building Materials Electricity Deposit Products IBD 50 Insurance Products Supply Chain Management Transport