AVLC vs. HLAL ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Wahed FTSE USA Shariah ETF (HLAL)

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

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	HLAL
30 Days	4.71%	2.35%
60 Days	6.29%	1.62%
90 Days	7.72%	3.31%
12 Months	33.08%	20.13%

193 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in HLAL	Overlap
A	D	0.06%	0.17%	0.06%
AAPL	C	5.24%	14.91%	5.24%
ABT	B	0.2%	0.9%	0.2%
ADBE	C	0.33%	0.98%	0.33%
ADI	D	0.15%	0.47%	0.15%
ADM	D	0.11%	0.11%	0.11%
ADP	B	0.36%	0.55%	0.36%
ADSK	A	0.09%	0.3%	0.09%
AGR	B	0.01%	0.01%	0.01%
AKAM	D	0.03%	0.06%	0.03%
ALB	C	0.01%	0.06%	0.01%
ALGN	D	0.04%	0.08%	0.04%
AMAT	F	0.36%	0.63%	0.36%
AMD	F	0.31%	0.99%	0.31%
ANSS	B	0.04%	0.13%	0.04%
APD	A	0.22%	0.33%	0.22%
APTV	D	0.04%	0.06%	0.04%
ATO	A	0.05%	0.1%	0.05%
AXON	A	0.05%	0.2%	0.05%
BDX	F	0.05%	0.29%	0.05%
BG	F	0.08%	0.06%	0.06%
BIIB	F	0.03%	0.1%	0.03%
BKR	B	0.18%	0.2%	0.18%
BLDR	D	0.07%	0.09%	0.07%
BMRN	D	0.03%	0.05%	0.03%
BSX	B	0.12%	0.6%	0.12%
BURL	A	0.11%	0.08%	0.08%
CAH	B	0.03%	0.13%	0.03%
CARR	D	0.06%	0.28%	0.06%
CDNS	B	0.12%	0.37%	0.12%
CEG	D	0.11%	0.33%	0.11%
CF	B	0.09%	0.07%	0.07%
CHD	B	0.05%	0.12%	0.05%
CMI	A	0.21%	0.22%	0.21%
COP	C	0.38%	0.6%	0.38%
COR	B	0.09%	0.18%	0.09%
CRL	C	0.01%	0.04%	0.01%
CRM	B	0.44%	1.36%	0.44%
CSCO	B	0.3%	1.04%	0.3%
CTAS	B	0.12%	0.34%	0.12%
CTVA	C	0.08%	0.18%	0.08%
CVX	A	0.64%	1.24%	0.64%
DAL	C	0.23%	0.05%	0.05%
DD	D	0.06%	0.15%	0.06%
DELL	C	0.05%	0.16%	0.05%
DGX	A	0.01%	0.08%	0.01%
DHI	D	0.12%	0.22%	0.12%
DHR	F	0.13%	0.67%	0.13%
DLTR	F	0.07%	0.06%	0.06%
DOV	A	0.03%	0.12%	0.03%
DOW	F	0.14%	0.12%	0.12%
DVN	F	0.14%	0.11%	0.11%
EA	A	0.06%	0.2%	0.06%
EBAY	D	0.14%	0.14%	0.14%
EL	F	0.02%	0.07%	0.02%
EMR	A	0.05%	0.33%	0.05%
EW	C	0.08%	0.19%	0.08%
EXPD	D	0.09%	0.08%	0.08%
FANG	D	0.17%	0.15%	0.15%
FAST	B	0.2%	0.21%	0.2%
FDX	B	0.26%	0.29%	0.26%
FFIV	B	0.03%	0.06%	0.03%
FLEX	A	0.1%	0.07%	0.07%
FSLR	F	0.1%	0.09%	0.09%
FTV	C	0.01%	0.12%	0.01%
GEHC	F	0.03%	0.17%	0.03%
GEV	B	0.13%	0.41%	0.13%
GFS	C	0.01%	0.02%	0.01%
GLW	B	0.09%	0.16%	0.09%
GOOG	C	1.3%	3.91%	1.3%
GOOGL	C	1.57%	4.63%	1.57%
GPC	D	0.06%	0.08%	0.06%
GRMN	B	0.1%	0.14%	0.1%
GWW	B	0.23%	0.22%	0.22%
HAL	C	0.13%	0.12%	0.12%
HES	B	0.19%	0.19%	0.19%
HOLX	D	0.03%	0.08%	0.03%
HPQ	B	0.05%	0.16%	0.05%
HUBB	B	0.04%	0.11%	0.04%
IDXX	F	0.11%	0.15%	0.11%
IEX	B	0.03%	0.08%	0.03%
IFF	D	0.06%	0.1%	0.06%
ILMN	D	0.04%	0.09%	0.04%
INTC	D	0.16%	0.46%	0.16%
IP	B	0.13%	0.07%	0.07%
IPG	D	0.01%	0.05%	0.01%
IR	B	0.05%	0.19%	0.05%
ISRG	A	0.18%	0.85%	0.18%
IT	C	0.09%	0.17%	0.09%
JBHT	C	0.08%	0.07%	0.07%
JCI	C	0.04%	0.25%	0.04%
JNJ	D	0.58%	1.65%	0.58%
JNPR	F	0.02%	0.05%	0.02%
KDP	D	0.05%	0.15%	0.05%
KLAC	D	0.21%	0.37%	0.21%
KO	D	0.4%	1.1%	0.4%
KVUE	A	0.06%	0.2%	0.06%
LEN	D	0.01%	0.18%	0.01%
LEN	D	0.17%	0.0%	0.0%
LEN	D	0.17%	0.18%	0.17%
LEN	D	0.01%	0.0%	0.0%
LH	C	0.04%	0.09%	0.04%
LIN	D	0.21%	0.97%	0.21%
LKQ	D	0.01%	0.04%	0.01%
LRCX	F	0.34%	0.41%	0.34%
LULU	C	0.15%	0.17%	0.15%
LUV	C	0.08%	0.02%	0.02%
LYB	F	0.11%	0.1%	0.1%
MCK	B	0.07%	0.36%	0.07%
MDLZ	F	0.09%	0.39%	0.09%
MDT	D	0.12%	0.49%	0.12%
META	D	2.26%	5.55%	2.26%
MKC	D	0.01%	0.09%	0.01%
MLM	B	0.14%	0.16%	0.14%
MMM	D	0.19%	0.32%	0.19%
MPC	D	0.22%	0.25%	0.22%
MRK	F	0.32%	1.11%	0.32%
MRO	B	0.11%	0.07%	0.07%
MRVL	B	0.11%	0.35%	0.11%
MSFT	F	4.39%	13.84%	4.39%
MU	D	0.17%	0.49%	0.17%
NEM	D	0.02%	0.22%	0.02%
NKE	D	0.17%	0.4%	0.17%
NOW	A	0.3%	0.92%	0.3%
NTAP	C	0.06%	0.11%	0.06%
NUE	C	0.16%	0.16%	0.16%
NWS	B	0.01%	0.02%	0.01%
NWSA	B	0.03%	0.05%	0.03%
NXPI	D	0.08%	0.25%	0.08%
ODFL	B	0.14%	0.19%	0.14%
OKTA	C	0.02%	0.05%	0.02%
OMC	C	0.02%	0.09%	0.02%
ON	D	0.12%	0.13%	0.12%
OXY	D	0.15%	0.15%	0.15%
PANW	C	0.19%	0.54%	0.19%
PCAR	B	0.25%	0.25%	0.25%
PFE	D	0.15%	0.63%	0.15%
PG	A	0.39%	1.81%	0.39%
PHM	D	0.12%	0.12%	0.12%
PKG	A	0.12%	0.1%	0.1%
PNR	A	0.02%	0.08%	0.02%
PODD	C	0.03%	0.08%	0.03%
POOL	C	0.07%	0.06%	0.06%
PPG	F	0.05%	0.13%	0.05%
PSX	C	0.19%	0.25%	0.19%
PTC	A	0.03%	0.1%	0.03%
PWR	A	0.09%	0.22%	0.09%
QCOM	F	0.48%	0.77%	0.48%
QRVO	F	0.02%	0.03%	0.02%
REGN	F	0.14%	0.35%	0.14%
RMD	C	0.07%	0.16%	0.07%
ROK	B	0.04%	0.14%	0.04%
ROL	B	0.03%	0.06%	0.03%
ROP	B	0.09%	0.26%	0.09%
ROST	C	0.21%	0.21%	0.21%
RVTY	F	0.02%	0.06%	0.02%
SLB	C	0.09%	0.28%	0.09%
SMCI	F	0.01%	0.06%	0.01%
SNA	A	0.08%	0.08%	0.08%
SNPS	B	0.12%	0.37%	0.12%
STE	F	0.04%	0.09%	0.04%
STLD	B	0.12%	0.1%	0.1%
SWK	D	0.02%	0.06%	0.02%
SYK	C	0.12%	0.63%	0.12%
TECH	D	0.02%	0.05%	0.02%
TER	D	0.05%	0.07%	0.05%
TFX	F	0.02%	0.04%	0.02%
TJX	A	0.44%	0.61%	0.44%
TMO	F	0.15%	0.87%	0.15%
TRMB	B	0.02%	0.08%	0.02%
TSCO	D	0.17%	0.13%	0.13%
TSLA	B	0.78%	4.25%	0.78%
TT	A	0.14%	0.42%	0.14%
TTWO	A	0.03%	0.14%	0.03%
TXN	C	0.26%	0.81%	0.26%
TYL	B	0.04%	0.11%	0.04%
UAL	A	0.19%	0.03%	0.03%
UBER	D	0.09%	0.62%	0.09%
ULTA	F	0.11%	0.07%	0.07%
UPS	C	0.19%	0.43%	0.19%
VLO	C	0.17%	0.2%	0.17%
VLTO	D	0.06%	0.12%	0.06%
VMC	B	0.05%	0.16%	0.05%
VRT	B	0.13%	0.22%	0.13%
WAB	B	0.04%	0.15%	0.04%
WBA	F	0.0%	0.03%	0.0%
WDC	D	0.03%	0.09%	0.03%
WLK	D	0.02%	0.02%	0.02%
WST	C	0.05%	0.1%	0.05%
XOM	B	1.04%	2.42%	1.04%
XYL	D	0.04%	0.13%	0.04%
ZBH	C	0.05%	0.1%	0.05%
ZBRA	B	0.03%	0.09%	0.03%

AVLC Overweight 785 Positions Relative to HLAL

Symbol	Grade	Weight
NVDA	C	4.82%
AMZN	C	3.03%
JPM	A	1.19%
AVGO	D	1.11%
COST	B	0.94%
LLY	F	0.79%
BRK.A	B	0.67%
MA	C	0.66%
WMT	A	0.64%
V	A	0.59%
HD	A	0.58%
WFC	A	0.55%
CAT	B	0.52%
NFLX	A	0.48%
UNP	C	0.47%
PGR	A	0.46%
VZ	C	0.45%
GS	A	0.44%
T	A	0.42%
BAC	A	0.42%
ORCL	B	0.42%
AXP	A	0.4%
MELI	D	0.39%
CMCSA	B	0.38%
ABBV	D	0.38%
UNH	C	0.36%
MS	A	0.35%
GILD	C	0.35%
ACN	C	0.32%
PYPL	B	0.32%
GM	B	0.31%
TMUS	B	0.31%
EOG	A	0.3%
DE	A	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%
TRV	B	0.26%
AMP	A	0.26%
CSX	B	0.26%
VRTX	F	0.25%
C	A	0.23%
LMT	D	0.23%
MSI	B	0.23%
COF	B	0.23%
FTNT	C	0.23%
USB	A	0.23%
LNG	B	0.23%
CMG	B	0.23%
NSC	B	0.22%
CB	C	0.22%
PNC	B	0.22%
SCHW	B	0.21%
ALL	A	0.2%
GE	D	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%
AIG	B	0.2%
TFC	A	0.19%
HIG	B	0.19%
AMGN	D	0.19%
AFL	B	0.19%
PLTR	B	0.18%
CL	D	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%
PAYX	C	0.17%
MCD	D	0.16%
DUK	C	0.16%
DECK	A	0.16%
APP	B	0.16%
RTX	C	0.16%
APO	B	0.16%
ACGL	D	0.15%
HON	B	0.15%
SYF	B	0.15%
KKR	A	0.15%
ANET	C	0.15%
FITB	A	0.14%
AEP	D	0.14%
SHW	A	0.14%
ETN	A	0.14%
KMB	D	0.14%
EME	C	0.14%
CTSH	B	0.13%
WM	A	0.13%
SO	D	0.13%
CCL	B	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%
BBY	D	0.12%
MTB	A	0.12%
CME	A	0.12%
ETR	B	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
MKL	A	0.12%
CPNG	D	0.12%
LOW	D	0.12%
ITW	B	0.12%
VRSK	A	0.12%
APH	A	0.12%
HBAN	A	0.11%
BX	A	0.11%
NTRS	A	0.11%
OC	A	0.11%
XEL	A	0.11%
CRWD	B	0.11%
EQT	B	0.11%
RJF	A	0.11%
WSM	B	0.11%
DRI	B	0.1%
CPRT	A	0.1%
AON	A	0.1%
TROW	B	0.1%
PEG	A	0.1%
STT	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%
JBL	B	0.1%
NVR	D	0.1%
KMI	A	0.1%
EXC	C	0.1%
MCO	B	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%
EQH	B	0.09%
MMC	B	0.09%
PFG	D	0.09%
SBUX	A	0.09%
PH	A	0.09%
HSY	F	0.09%
EIX	B	0.09%
TXRH	C	0.09%
LII	A	0.09%
CNC	D	0.08%
OVV	B	0.08%
EG	C	0.08%
RGA	A	0.08%
GDDY	A	0.08%
BJ	A	0.08%
FICO	B	0.08%
DKS	C	0.08%
RF	A	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%
NCLH	B	0.08%
DFS	B	0.08%
CFG	B	0.08%
EWBC	A	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%
WCC	B	0.07%
MOH	F	0.07%
PAYC	B	0.07%
ORLY	B	0.07%
SAIA	B	0.07%
JXN	C	0.07%
WRB	A	0.07%
ABNB	C	0.07%
MLI	C	0.07%
SPOT	B	0.07%
SYY	B	0.07%
TOL	B	0.07%
INGR	B	0.07%
CI	F	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%
COKE	C	0.06%
WAL	B	0.06%
UHS	D	0.06%
CMA	A	0.06%
LECO	B	0.06%
ATI	D	0.06%
GL	B	0.06%
BA	F	0.06%
WMS	D	0.06%
CMS	C	0.06%
MANH	D	0.06%
GNRC	B	0.06%
AFG	A	0.06%
GPK	C	0.06%
CLX	B	0.06%
BWXT	B	0.06%
FIS	C	0.06%
DCI	B	0.06%
PFGC	B	0.06%
DG	F	0.06%
ANF	C	0.06%
DASH	A	0.06%
KEYS	A	0.06%
LPX	B	0.06%
ECL	D	0.06%
CBRE	B	0.06%
BALL	D	0.06%
AES	F	0.06%
VMI	B	0.05%
ORI	A	0.05%
ENSG	D	0.05%
AZO	C	0.05%
CROX	D	0.05%
NOC	D	0.05%
MSCI	C	0.05%
ZM	B	0.05%
CVS	D	0.05%
TAP	C	0.05%
TSN	B	0.05%
WFRD	D	0.05%
MOS	F	0.05%
FOXA	B	0.05%
SKX	D	0.05%
JLL	D	0.05%
DXCM	D	0.05%
AJG	B	0.05%
KHC	F	0.05%
RHI	B	0.05%
PNW	B	0.05%
WBS	A	0.05%
MKTX	D	0.05%
ARW	D	0.05%
CBT	C	0.05%
HUM	C	0.05%
WTFC	A	0.05%
MTDR	B	0.05%
AAON	B	0.05%
MCHP	D	0.05%
D	C	0.05%
GD	F	0.05%
SNOW	C	0.05%
CDW	F	0.05%
KMX	B	0.05%
BWA	D	0.05%
ALV	C	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	B	0.05%
UFPI	B	0.05%
ZION	B	0.05%
MAR	B	0.05%
LNTH	D	0.05%
AIT	A	0.05%
GGG	B	0.05%
FYBR	D	0.05%
HWM	A	0.05%
AME	A	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%
NRG	B	0.05%
R	B	0.05%
HCA	F	0.05%
HOOD	B	0.05%
TTD	B	0.05%
KNSL	B	0.05%
HLT	A	0.05%
CHTR	C	0.05%
KEY	B	0.05%
RL	B	0.05%
ATR	B	0.05%
AGCO	D	0.04%
ALNY	D	0.04%
RSG	A	0.04%
EVR	B	0.04%
DTM	B	0.04%
AWI	A	0.04%
SSD	D	0.04%
TWLO	A	0.04%
LNT	A	0.04%
KNX	B	0.04%
FMC	D	0.04%
SNX	C	0.04%
KEX	C	0.04%
NBIX	C	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
XPO	B	0.04%
YUM	B	0.04%
IQV	D	0.04%
DINO	D	0.04%
FN	D	0.04%
CMC	B	0.04%
CPAY	A	0.04%
NET	B	0.04%
CRUS	D	0.04%
MTG	C	0.04%
OGE	B	0.04%
WCN	A	0.04%
OTIS	C	0.04%
HII	D	0.04%
TREX	C	0.04%
ITT	A	0.04%
KBH	D	0.04%
KD	B	0.04%
CSGP	D	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%
JKHY	D	0.04%
JAZZ	B	0.04%
CRS	A	0.04%
FHN	A	0.04%
GAP	C	0.04%
LSTR	D	0.04%
EPAM	C	0.04%
SF	B	0.04%
CBSH	A	0.04%
FDS	B	0.04%
AYI	B	0.04%
CHX	C	0.04%
CFR	B	0.04%
OMF	A	0.04%
EXPE	B	0.04%
MPWR	F	0.04%
EMN	D	0.04%
MHK	D	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%
MOD	A	0.03%
SCI	B	0.03%
LAD	A	0.03%
IBP	D	0.03%
CHRW	C	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%
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%
CTLT	B	0.03%
AWK	D	0.03%
MTZ	B	0.03%
MDB	C	0.03%
HLNE	B	0.03%
WWD	B	0.03%
EXPO	D	0.03%
NU	C	0.03%
VOYA	B	0.03%
STX	D	0.03%
CBOE	B	0.03%
MTD	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%
RIVN	F	0.03%
INCY	C	0.03%
ESNT	D	0.03%
MAT	D	0.03%
SEIC	B	0.03%
AA	B	0.03%
GIS	D	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%
TDY	B	0.03%
CIEN	B	0.03%
BAH	F	0.03%
WBD	C	0.03%
CIVI	D	0.03%
APA	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%
AOS	F	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%
BRO	B	0.02%
BC	C	0.02%
INSM	C	0.02%
FRPT	B	0.02%
MAS	D	0.02%
RBC	A	0.02%
TRU	D	0.02%
PPC	C	0.02%
CHH	A	0.02%
HRL	D	0.02%
ARMK	B	0.02%
FCN	D	0.02%
AZN	D	0.02%
BAX	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%
FE	C	0.02%
OLLI	D	0.02%
Z	A	0.02%
LYV	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%
SWX	B	0.02%
ES	D	0.02%
CCK	C	0.02%
FBIN	D	0.02%
VRSN	F	0.02%
LW	C	0.02%
EFX	F	0.02%
MTH	D	0.02%
SN	D	0.02%
DT	C	0.02%
CNP	B	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%
QLYS	C	0.02%
TW	A	0.02%
IVZ	B	0.02%
SON	D	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%
ALLE	D	0.02%
TPX	B	0.02%
ERIE	D	0.02%
ACM	A	0.02%
RPRX	D	0.02%
NTNX	A	0.02%
NI	A	0.02%
PB	A	0.02%
SATS	D	0.02%
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%
CE	F	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%
WYNN	D	0.01%
CACC	D	0.01%
PEN	B	0.01%
WTRG	B	0.01%
CAG	D	0.01%
CPB	D	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%
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%
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%
MTCH	D	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%
PARA	C	0.01%
MARA	C	0.01%
BOKF	B	0.01%
OGN	D	0.01%
SJM	D	0.01%
GPN	B	0.01%
J	F	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%
MGM	D	0.01%
BEN	C	0.01%
AZEK	A	0.01%
MIDD	C	0.01%
BCPC	B	0.01%
ENPH	F	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%
LANC	C	0.01%
ITCI	C	0.01%
AUR	C	0.01%
CELH	F	0.01%
S	B	0.01%
DPZ	C	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 7 Positions Relative to HLAL

Symbol	Grade	Weight
PLD	D	-0.48%
WELL	A	-0.37%
WY	D	-0.1%
ARE	D	-0.08%
ICLR	D	-0.07%
REG	B	-0.06%
SCCO	F	-0.04%