AVLC vs. INRO ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to BlackRock U.S. Industry Rotation ETF (INRO)

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

$69.36

Average Daily Volume

18,758

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.37

Average Daily Volume

3,683

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	INRO
30 Days	2.83%	2.93%
60 Days	7.80%	8.21%
90 Days	9.13%	9.07%
12 Months	34.06%

430 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in INRO	Overlap
	A	F	0.06%	0.1%	0.06%
	AAPL	C	5.32%	5.81%	5.32%
	ABNB	C	0.08%	0.04%	0.04%
	ABT	C	0.2%	0.07%	0.07%
	ACGL	D	0.14%	0.07%	0.07%
	ACM	B	0.02%	0.04%	0.02%
	ACN	C	0.31%	0.13%	0.13%
	ADBE	C	0.31%	0.34%	0.31%
	ADI	F	0.16%	0.24%	0.16%
	ADP	A	0.36%	0.23%	0.23%
	ADSK	A	0.09%	0.1%	0.09%
	AEP	D	0.14%	0.2%	0.14%
	AFG	A	0.06%	0.02%	0.02%
	AFL	C	0.19%	0.17%	0.17%
	AIG	B	0.21%	0.16%	0.16%
	AIZ	A	0.05%	0.03%	0.03%
	AJG	A	0.05%	0.17%	0.05%
	AKAM	F	0.04%	0.01%	0.01%
	ALGN	F	0.04%	0.01%	0.01%
	ALL	A	0.19%	0.14%	0.14%
	ALLE	D	0.02%	0.07%	0.02%
	ALLY	C	0.06%	0.02%	0.02%
	AMAT	F	0.38%	0.32%	0.32%
	AMCR	D	0.02%	0.22%	0.02%
	AMD	F	0.34%	0.48%	0.34%
	AME	A	0.05%	0.08%	0.05%
	AMP	A	0.26%	0.17%	0.17%
	AMZN	A	2.98%	2.44%	2.44%
	ANSS	B	0.04%	0.05%	0.04%
	AON	A	0.09%	0.2%	0.09%
	AOS	F	0.04%	0.06%	0.04%
	APA	F	0.03%	0.01%	0.01%
	APH	B	0.13%	0.13%	0.13%
	APO	B	0.16%	0.04%	0.04%
	APP	B	0.14%	0.05%	0.05%
	ARES	B	0.02%	0.11%	0.02%
	AVGO	C	1.18%	1.59%	1.18%
	AVTR	F	0.01%	0.04%	0.01%
	AVY	F	0.03%	0.25%	0.03%
	AXON	B	0.04%	0.02%	0.02%
	AXP	B	0.4%	1.43%	0.4%
	AZO	C	0.05%	0.19%	0.05%
	BA	F	0.06%	0.08%	0.06%
	BAC	A	0.41%	0.89%	0.41%
	BAH	C	0.03%	0.04%	0.03%
	BALL	D	0.06%	0.28%	0.06%
	BAX	F	0.02%	0.01%	0.01%
	BBWI	C	0.01%	0.03%	0.01%
	BBY	D	0.12%	0.07%	0.07%
	BDX	D	0.05%	0.02%	0.02%
	BEN	C	0.01%	0.03%	0.01%
	BIO	C	0.01%	0.02%	0.01%
	BK	B	0.18%	0.11%	0.11%
	BKNG	A	0.13%	0.09%	0.09%
	BLDR	D	0.07%	0.13%	0.07%
	BMY	B	0.17%	0.03%	0.03%
	BR	A	0.04%	0.07%	0.04%
	BRK.A	B	0.66%	0.41%	0.41%
	BRO	A	0.02%	0.08%	0.02%
	BSX	A	0.12%	0.04%	0.04%
	BSY	F	0.01%	0.02%	0.01%
	BURL	C	0.11%	0.06%	0.06%
	BX	A	0.1%	0.38%	0.1%
	C	A	0.22%	0.38%	0.22%
	CAH	A	0.03%	0.01%	0.01%
	CARR	C	0.06%	0.37%	0.06%
	CAT	C	0.55%	0.53%	0.53%
	CB	C	0.22%	0.31%	0.22%
	CBOE	D	0.03%	0.04%	0.03%
	CBRE	A	0.06%	0.09%	0.06%
	CCK	D	0.02%	0.17%	0.02%
	CCL	A	0.12%	0.01%	0.01%
	CDNS	B	0.12%	0.13%	0.12%
	CDW	F	0.05%	0.04%	0.04%
	CEG	D	0.12%	0.26%	0.12%
	CFG	B	0.08%	0.06%	0.06%
	CG	C	0.02%	0.04%	0.02%
	CHRD	F	0.05%	0.01%	0.01%
	CI	D	0.07%	0.04%	0.04%
	CINF	A	0.07%	0.07%	0.07%
	CME	A	0.11%	0.27%	0.11%
	CMG	B	0.23%	0.05%	0.05%
	CMI	A	0.2%	0.13%	0.13%
	CNC	F	0.08%	0.01%	0.01%
	COF	B	0.23%	0.57%	0.23%
	COIN	B	0.07%	0.11%	0.07%
	COP	C	0.38%	0.19%	0.19%
	COR	A	0.09%	0.01%	0.01%
	COST	B	0.93%	0.38%	0.38%
	CPAY	A	0.04%	0.01%	0.01%
	CPRT	A	0.09%	0.23%	0.09%
	CRL	C	0.01%	0.02%	0.01%
	CRM	B	0.4%	0.46%	0.4%
	CRWD	B	0.1%	0.11%	0.1%
	CSGP	D	0.04%	0.06%	0.04%
	CSL	B	0.13%	0.13%	0.13%
	CSX	B	0.26%	0.21%	0.21%
	CTAS	A	0.11%	0.4%	0.11%
	CTRA	B	0.1%	0.03%	0.03%
	CTSH	A	0.12%	0.03%	0.03%
	CVS	F	0.05%	0.03%	0.03%
	CVX	B	0.63%	0.4%	0.4%
	DAL	A	0.22%	0.02%	0.02%
	DASH	A	0.06%	0.03%	0.03%
	DAY	C	0.0%	0.02%	0.0%
	DDOG	B	0.05%	0.06%	0.05%
	DE	D	0.32%	0.3%	0.3%
	DELL	B	0.06%	0.07%	0.06%
	DFS	B	0.08%	0.34%	0.08%
	DG	F	0.06%	0.02%	0.02%
	DGX	A	0.01%	0.01%	0.01%
	DHI	F	0.12%	0.38%	0.12%
	DHR	F	0.13%	0.38%	0.13%
	DINO	D	0.04%	0.01%	0.01%
	DKNG	B	0.01%	0.01%	0.01%
	DKS	F	0.08%	0.05%	0.05%
	DLTR	F	0.07%	0.01%	0.01%
	DOCU	B	0.05%	0.03%	0.03%
	DOV	A	0.03%	0.08%	0.03%
	DPZ	C	0.02%	0.01%	0.01%
	DRI	B	0.1%	0.02%	0.02%
	DT	C	0.02%	0.03%	0.02%
	DUK	D	0.16%	0.33%	0.16%
	DVA	C	0.01%	0.0%	0.0%
	DVN	F	0.14%	0.04%	0.04%
	DXCM	C	0.04%	0.01%	0.01%
	EBAY	C	0.14%	0.04%	0.04%
	EFX	D	0.02%	0.07%	0.02%
	EG	D	0.07%	0.04%	0.04%
	EIX	C	0.09%	0.12%	0.09%
	ELV	F	0.14%	0.04%	0.04%
	EME	B	0.15%	0.06%	0.06%
	EMR	A	0.05%	0.13%	0.05%
	ENPH	F	0.01%	0.03%	0.01%
	ENTG	D	0.02%	0.03%	0.02%
	EOG	A	0.28%	0.11%	0.11%
	EPAM	B	0.04%	0.01%	0.01%
	EQT	B	0.1%	0.04%	0.04%
	ERIE	F	0.03%	0.03%	0.03%
	ES	D	0.02%	0.08%	0.02%
	ETN	A	0.14%	0.27%	0.14%
	ETR	B	0.12%	0.13%	0.12%
	EVRG	A	0.05%	0.06%	0.05%
	EW	D	0.08%	0.01%	0.01%
	EXC	C	0.1%	0.15%	0.1%
	EXPE	B	0.04%	0.01%	0.01%
	F	C	0.2%	0.06%	0.06%
	FANG	D	0.17%	0.06%	0.06%
	FAST	A	0.2%	0.38%	0.2%
	FBIN	F	0.02%	0.07%	0.02%
	FCNCA	B	0.12%	0.06%	0.06%
	FCX	F	0.21%	0.15%	0.15%
	FDS	A	0.04%	0.07%	0.04%
	FE	D	0.02%	0.08%	0.02%
	FI	A	0.07%	0.08%	0.07%
	FICO	B	0.07%	0.07%	0.07%
	FIS	B	0.06%	0.04%	0.04%
	FITB	A	0.13%	0.1%	0.1%
	FLUT	A	0.0%	0.03%	0.0%
	FNF	C	0.08%	0.0%	0.0%
	FSLR	F	0.11%	0.04%	0.04%
	FTNT	B	0.19%	0.08%	0.08%
	FTV	D	0.01%	0.07%	0.01%
	GD	A	0.05%	0.06%	0.05%
	GDDY	A	0.07%	0.01%	0.01%
	GE	C	0.19%	0.17%	0.17%
	GEHC	F	0.03%	0.01%	0.01%
	GEV	B	0.14%	0.16%	0.14%
	GGG	B	0.05%	0.04%	0.04%
	GLW	C	0.09%	0.06%	0.06%
	GM	A	0.29%	0.08%	0.08%
	GOOG	B	1.32%	2.71%	1.32%
	GOOGL	B	1.59%	3.12%	1.59%
	GPN	B	0.01%	0.02%	0.01%
	GRMN	A	0.09%	0.23%	0.09%
	GS	B	0.43%	0.55%	0.43%
	GWW	B	0.23%	0.41%	0.23%
	H	B	0.01%	0.0%	0.0%
	HBAN	B	0.11%	0.06%	0.06%
	HCA	D	0.06%	0.03%	0.03%
	HD	B	0.56%	1.45%	0.56%
	HEI	B	0.0%	0.01%	0.0%
	HEI	B	0.0%	0.0%	0.0%
	HEI	B	0.01%	0.01%	0.01%
	HEI	B	0.01%	0.0%	0.0%
	HES	C	0.19%	0.05%	0.05%
	HIG	C	0.19%	0.1%	0.1%
	HII	D	0.04%	0.0%	0.0%
	HLT	A	0.05%	0.03%	0.03%
	HOLX	D	0.03%	0.01%	0.01%
	HON	B	0.14%	1.28%	0.14%
	HOOD	B	0.05%	0.04%	0.04%
	HPE	B	0.08%	0.05%	0.05%
	HPQ	B	0.05%	0.06%	0.05%
	HUBB	B	0.04%	0.04%	0.04%
	HUBS	B	0.05%	0.04%	0.04%
	HUM	D	0.05%	0.01%	0.01%
	HWM	A	0.05%	0.03%	0.03%
	IBM	C	0.27%	0.12%	0.12%
	ICE	D	0.07%	0.32%	0.07%
	IDXX	D	0.11%	0.01%	0.01%
	IEX	B	0.03%	0.04%	0.03%
	ILMN	C	0.04%	0.06%	0.04%
	INTC	C	0.17%	0.2%	0.17%
	INTU	A	0.26%	0.28%	0.26%
	IOT	B	0.01%	0.02%	0.01%
	IP	C	0.13%	0.28%	0.13%
	IQV	F	0.04%	0.09%	0.04%
	IR	A	0.05%	0.11%	0.05%
	ISRG	A	0.17%	0.06%	0.06%
	IT	A	0.09%	0.02%	0.02%
	ITW	A	0.12%	0.22%	0.12%
	J	B	0.01%	0.03%	0.01%
	JBHT	B	0.08%	0.05%	0.05%
	JBL	C	0.11%	0.02%	0.02%
	JCI	A	0.04%	0.31%	0.04%
	JKHY	C	0.04%	0.0%	0.0%
	JNJ	D	0.6%	0.1%	0.1%
	JPM	B	1.17%	1.93%	1.17%
	KEY	B	0.06%	0.05%	0.05%
	KEYS	C	0.07%	0.04%	0.04%
	KKR	B	0.15%	0.27%	0.15%
	KLAC	F	0.22%	0.19%	0.19%
	KMI	B	0.1%	0.08%	0.08%
	KMX	C	0.05%	0.05%	0.05%
	KNX	B	0.04%	0.02%	0.02%
	KR	A	0.2%	0.04%	0.04%
	L	A	0.07%	0.04%	0.04%
	LDOS	B	0.03%	0.05%	0.03%
	LEN	D	0.18%	0.32%	0.18%
	LEN	D	0.01%	0.32%	0.01%
	LH	A	0.04%	0.01%	0.01%
	LHX	A	0.03%	0.04%	0.03%
	LII	B	0.1%	0.12%	0.1%
	LLY	F	0.78%	0.16%	0.16%
	LMT	C	0.22%	0.1%	0.1%
	LNG	B	0.22%	0.06%	0.06%
	LNT	C	0.03%	0.06%	0.03%
	LOW	B	0.12%	0.56%	0.12%
	LPLA	B	0.1%	0.07%	0.07%
	LRCX	F	0.37%	0.21%	0.21%
	LUV	B	0.08%	0.01%	0.01%
	LVS	C	0.09%	0.01%	0.01%
	MA	B	0.65%	0.28%	0.28%
	MANH	C	0.06%	0.03%	0.03%
	MAR	A	0.05%	0.04%	0.04%
	MAS	D	0.02%	0.11%	0.02%
	MCD	C	0.16%	0.14%	0.14%
	MCHP	F	0.05%	0.09%	0.05%
	MCK	A	0.07%	0.03%	0.03%
	MCO	C	0.1%	0.26%	0.1%
	MDB	C	0.03%	0.01%	0.01%
	MDT	D	0.12%	0.04%	0.04%
	MELI	D	0.36%	0.13%	0.13%
	MET	C	0.2%	0.14%	0.14%
	META	B	2.31%	3.86%	2.31%
	MGM	D	0.01%	0.01%	0.01%
	MKL	A	0.12%	0.05%	0.05%
	MKTX	C	0.05%	0.04%	0.04%
	MLM	B	0.14%	0.82%	0.14%
	MMC	C	0.09%	0.32%	0.09%
	MMM	C	0.19%	0.66%	0.19%
	MO	A	0.08%	0.31%	0.08%
	MOH	F	0.07%	0.01%	0.01%
	MPC	D	0.22%	0.08%	0.08%
	MPWR	F	0.06%	0.08%	0.06%
	MRK	F	0.33%	0.07%	0.07%
	MRO	B	0.11%	0.03%	0.03%
	MRVL	B	0.11%	0.16%	0.11%
	MS	A	0.34%	0.46%	0.34%
	MSCI	B	0.04%	0.16%	0.04%
	MSFT	C	4.41%	4.62%	4.41%
	MSTR	B	0.07%	0.06%	0.06%
	MTB	B	0.11%	0.1%	0.1%
	MTCH	F	0.01%	0.03%	0.01%
	MTD	F	0.03%	0.07%	0.03%
	MU	D	0.2%	0.24%	0.2%
	NDAQ	A	0.02%	0.11%	0.02%
	NDSN	B	0.01%	0.04%	0.01%
	NEE	D	0.07%	0.6%	0.07%
	NEM	F	0.02%	0.14%	0.02%
	NET	B	0.04%	0.02%	0.02%
	NOC	C	0.05%	0.06%	0.05%
	NOW	A	0.29%	0.31%	0.29%
	NRG	B	0.06%	0.07%	0.06%
	NSC	B	0.22%	0.17%	0.17%
	NTAP	D	0.07%	0.04%	0.04%
	NTRS	A	0.11%	0.08%	0.08%
	NVDA	B	4.93%	7.14%	4.93%
	NVR	D	0.1%	0.23%	0.1%
	NXPI	F	0.08%	0.13%	0.08%
	OC	A	0.1%	0.09%	0.09%
	ODFL	B	0.14%	0.12%	0.12%
	OKE	A	0.19%	0.08%	0.08%
	OKTA	C	0.02%	0.01%	0.01%
	ON	F	0.13%	0.06%	0.06%
	ORCL	A	0.42%	0.45%	0.42%
	ORLY	A	0.07%	0.25%	0.07%
	OTIS	C	0.04%	0.12%	0.04%
	OVV	C	0.07%	0.02%	0.02%
	OXY	D	0.15%	0.05%	0.05%
	PANW	A	0.18%	0.19%	0.18%
	PAYC	B	0.07%	0.02%	0.02%
	PAYX	B	0.17%	0.09%	0.09%
	PCAR	B	0.24%	0.16%	0.16%
	PCG	A	0.13%	0.15%	0.13%
	PFE	F	0.15%	0.04%	0.04%
	PFG	C	0.09%	0.07%	0.07%
	PGR	A	0.45%	0.4%	0.4%
	PH	A	0.09%	0.24%	0.09%
	PHM	D	0.12%	0.2%	0.12%
	PINS	F	0.02%	0.06%	0.02%
	PKG	B	0.12%	0.31%	0.12%
	PLTR	B	0.16%	0.13%	0.13%
	PM	C	0.18%	0.67%	0.18%
	PNC	B	0.22%	0.24%	0.22%
	PNR	A	0.01%	0.05%	0.01%
	PODD	B	0.03%	0.0%	0.0%
	PPL	A	0.07%	0.05%	0.05%
	PRU	B	0.18%	0.09%	0.09%
	PSTG	D	0.04%	0.03%	0.03%
	PSX	D	0.19%	0.08%	0.08%
	PTC	B	0.03%	0.04%	0.03%
	PWR	B	0.09%	0.13%	0.09%
	PYPL	A	0.3%	0.05%	0.05%
	QCOM	F	0.52%	0.39%	0.39%
	QRVO	F	0.02%	0.02%	0.02%
	RCL	A	0.26%	0.03%	0.03%
	RF	B	0.08%	0.07%	0.07%
	RIVN	D	0.03%	0.01%	0.01%
	RJF	A	0.11%	0.1%	0.1%
	RMD	C	0.07%	0.01%	0.01%
	ROK	B	0.04%	0.06%	0.04%
	ROL	B	0.03%	0.07%	0.03%
	ROP	A	0.09%	0.09%	0.09%
	ROST	F	0.22%	0.18%	0.18%
	RSG	A	0.03%	0.23%	0.03%
	RTX	C	0.16%	0.14%	0.14%
	RVTY	C	0.02%	0.04%	0.02%
	SBUX	B	0.09%	0.07%	0.07%
	SCHW	A	0.2%	0.34%	0.2%
	SEIC	A	0.03%	0.06%	0.03%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.08%	0.05%	0.05%
	SNAP	C	0.01%	0.04%	0.01%
	SNOW	C	0.05%	0.02%	0.02%
	SNPS	B	0.12%	0.13%	0.12%
	SO	D	0.12%	0.37%	0.12%
	SPGI	C	0.09%	0.51%	0.09%
	SQ	B	0.06%	0.03%	0.03%
	SSNC	C	0.01%	0.03%	0.01%
	STE	F	0.04%	0.01%	0.01%
	STT	B	0.1%	0.11%	0.1%
	STX	D	0.03%	0.04%	0.03%
	SW	C	0.1%	0.41%	0.1%
	SWK	F	0.02%	0.04%	0.02%
	SWKS	F	0.07%	0.03%	0.03%
	SYF	B	0.15%	0.21%	0.15%
	SYK	A	0.11%	0.04%	0.04%
	SYY	B	0.07%	0.03%	0.03%
	TDG	B	0.07%	0.06%	0.06%
	TDY	A	0.03%	0.03%	0.03%
	TEAM	B	0.05%	0.06%	0.05%
	TECH	B	0.02%	0.03%	0.02%
	TER	F	0.05%	0.03%	0.03%
	TFC	B	0.19%	0.18%	0.18%
	TGT	C	0.28%	0.07%	0.07%
	TJX	B	0.43%	0.47%	0.43%
	TMO	F	0.15%	0.49%	0.15%
	TMUS	A	0.3%	4.54%	0.3%
	TOST	A	0.02%	0.01%	0.01%
	TPL	B	0.13%	0.03%	0.03%
	TRGP	B	0.26%	0.05%	0.05%
	TRMB	B	0.02%	0.02%	0.02%
	TROW	B	0.1%	0.05%	0.05%
	TRU	D	0.02%	0.04%	0.02%
	TRV	B	0.26%	0.16%	0.16%
	TSCO	C	0.18%	0.11%	0.11%
	TSLA	B	0.7%	0.98%	0.7%
	TT	A	0.13%	0.54%	0.13%
	TTC	F	0.03%	0.02%	0.02%
	TW	C	0.02%	0.06%	0.02%
	TWLO	A	0.03%	0.01%	0.01%
	TXN	C	0.28%	0.39%	0.28%
	TXT	C	0.05%	0.01%	0.01%
	TYL	B	0.04%	0.04%	0.04%
	UBER	F	0.1%	0.43%	0.1%
	UHAL	C	0.0%	0.02%	0.0%
	UHAL	C	0.03%	0.02%	0.02%
	UHS	D	0.06%	0.01%	0.01%
	ULTA	C	0.11%	0.07%	0.07%
	UNH	B	0.36%	0.23%	0.23%
	UNP	C	0.48%	0.44%	0.44%
	URI	B	0.2%	0.44%	0.2%
	USB	A	0.22%	0.23%	0.22%
	V	A	0.58%	0.31%	0.31%
	VEEV	B	0.05%	0.25%	0.05%
	VLO	D	0.16%	0.06%	0.06%
	VLTO	C	0.06%	0.13%	0.06%
	VMC	B	0.05%	0.81%	0.05%
	VRSK	A	0.12%	0.07%	0.07%
	VRSN	C	0.02%	0.01%	0.01%
	VRT	B	0.13%	0.08%	0.08%
	VTRS	B	0.09%	0.01%	0.01%
	WAB	A	0.04%	0.1%	0.04%
	WAT	A	0.05%	0.05%	0.05%
	WBA	D	0.0%	0.01%	0.0%
	WCN	A	0.04%	0.24%	0.04%
	WDAY	B	0.08%	0.08%	0.08%
	WDC	D	0.03%	0.04%	0.03%
	WFC	A	0.53%	0.68%	0.53%
	WM	A	0.12%	0.45%	0.12%
	WMB	B	0.29%	0.1%	0.1%
	WMT	A	0.63%	0.36%	0.36%
	WRB	B	0.07%	0.05%	0.05%
	WSM	F	0.12%	0.07%	0.07%
	WSO	A	0.05%	0.14%	0.05%
	WST	B	0.05%	0.05%	0.05%
	WTW	A	0.02%	0.06%	0.02%
	WYNN	F	0.01%	0.01%	0.01%
	XEL	A	0.11%	0.14%	0.11%
	XOM	B	1.04%	0.79%	0.79%
	XYL	D	0.04%	0.08%	0.04%
	YUM	B	0.04%	0.02%	0.02%
	Z	B	0.02%	0.02%	0.02%
	ZBH	C	0.05%	0.01%	0.01%
	ZBRA	A	0.03%	0.03%	0.03%
	ZM	B	0.04%	0.03%	0.03%
	ZS	B	0.03%	0.03%	0.03%
	ZTS	D	0.2%	0.02%	0.02%

AVLC Overweight 547 Positions Relative to INRO

	Symbol	Grade	Weight
	NFLX	A	0.47%
	ABBV	D	0.45%
	VZ	C	0.44%
	T	A	0.42%
	KO	F	0.4%
	PG	C	0.39%
	GILD	C	0.38%
	CMCSA	B	0.38%
	CSCO	A	0.3%
	PEP	D	0.27%
	FDX	B	0.25%
	VRTX	B	0.25%
	APD	B	0.22%
	AMGN	F	0.21%
	LIN	D	0.21%
	MSI	B	0.21%
	UPS	C	0.19%
	CL	F	0.18%
	UAL	B	0.18%
	BKR	B	0.18%
	NUE	C	0.17%
	NKE	F	0.17%
	ANET	C	0.17%
	DIS	B	0.17%
	DECK	B	0.16%
	LULU	C	0.15%
	DOW	F	0.15%
	SHW	A	0.14%
	REGN	F	0.14%
	KMB	F	0.14%
	HAL	C	0.13%
	STLD	B	0.13%
	LYB	F	0.12%
	CPNG	B	0.12%
	VST	B	0.12%
	ADM	F	0.11%
	SFM	B	0.11%
	RPM	A	0.1%
	FIX	B	0.1%
	UTHR	B	0.1%
	FLEX	B	0.1%
	ED	D	0.09%
	HSY	D	0.09%
	CVNA	B	0.09%
	EXPD	D	0.09%
	MDLZ	F	0.09%
	EQH	B	0.09%
	SLB	C	0.09%
	TXRH	A	0.09%
	CF	B	0.09%
	PEG	C	0.09%
	POOL	D	0.08%
	RNR	D	0.08%
	EXP	B	0.08%
	AEE	A	0.08%
	JEF	A	0.08%
	BG	D	0.08%
	BJ	B	0.08%
	TPR	B	0.08%
	CTVA	C	0.08%
	EWBC	B	0.08%
	NCLH	B	0.08%
	FTI	B	0.08%
	CASY	B	0.08%
	DD	D	0.07%
	DTE	D	0.07%
	WCC	B	0.07%
	SAIA	B	0.07%
	MUSA	B	0.07%
	INGR	B	0.07%
	JXN	B	0.07%
	WMS	F	0.07%
	TOL	C	0.07%
	MLI	B	0.07%
	PRI	A	0.07%
	SRE	A	0.07%
	RGA	A	0.07%
	RS	B	0.07%
	CRBG	C	0.06%
	COKE	C	0.06%
	WAL	B	0.06%
	CMA	A	0.06%
	PR	C	0.06%
	TTD	B	0.06%
	BWXT	A	0.06%
	LNTH	F	0.06%
	KVUE	B	0.06%
	ATI	D	0.06%
	RL	B	0.06%
	CMS	C	0.06%
	GL	B	0.06%
	GNRC	B	0.06%
	IFF	F	0.06%
	GPC	D	0.06%
	SPOT	A	0.06%
	CLX	A	0.06%
	LECO	C	0.06%
	EA	A	0.06%
	DCI	A	0.06%
	GPK	D	0.06%
	PFGC	B	0.06%
	LPX	B	0.06%
	ANF	D	0.06%
	ECL	C	0.06%
	AES	F	0.06%
	VMI	B	0.05%
	ENSG	C	0.05%
	MHK	D	0.05%
	WBS	A	0.05%
	KDP	D	0.05%
	EMN	D	0.05%
	WTFC	B	0.05%
	PNW	B	0.05%
	ATO	A	0.05%
	JLL	C	0.05%
	RHI	B	0.05%
	CHD	B	0.05%
	CROX	F	0.05%
	MTDR	C	0.05%
	WFRD	D	0.05%
	KHC	F	0.05%
	SKX	F	0.05%
	ZION	B	0.05%
	D	D	0.05%
	STZ	D	0.05%
	ALV	C	0.05%
	AIT	A	0.05%
	CBT	C	0.05%
	MOS	D	0.05%
	BWA	B	0.05%
	ARW	F	0.05%
	KNSL	C	0.05%
	R	A	0.05%
	AXS	A	0.05%
	PPG	F	0.05%
	FYBR	D	0.05%
	UFPI	B	0.05%
	FND	F	0.05%
	CHTR	B	0.05%
	UNM	A	0.05%
	ATR	A	0.05%
	VFC	C	0.04%
	CIVI	F	0.04%
	AWI	B	0.04%
	AA	C	0.04%
	KEX	B	0.04%
	EVR	B	0.04%
	NBIX	C	0.04%
	SSD	D	0.04%
	SOFI	B	0.04%
	ALNY	D	0.04%
	HRB	D	0.04%
	AGCO	F	0.04%
	XPO	B	0.04%
	CLF	D	0.04%
	CMC	B	0.04%
	SNX	C	0.04%
	APTV	D	0.04%
	OGE	B	0.04%
	JAZZ	B	0.04%
	KD	A	0.04%
	MTG	C	0.04%
	FN	B	0.04%
	FMC	F	0.04%
	CRUS	F	0.04%
	TREX	C	0.04%
	ITT	A	0.04%
	NSIT	F	0.04%
	WEC	B	0.04%
	RRC	B	0.04%
	AXTA	A	0.04%
	FHN	A	0.04%
	TAP	B	0.04%
	CBSH	A	0.04%
	CRS	B	0.04%
	CLH	B	0.04%
	KBH	D	0.04%
	GAP	B	0.04%
	LSTR	B	0.04%
	AAON	B	0.04%
	TSN	C	0.04%
	AYI	B	0.04%
	SF	B	0.04%
	CHX	D	0.04%
	OMF	A	0.04%
	CFR	B	0.04%
	ORI	A	0.04%
	FOXA	A	0.04%
	LAD	B	0.03%
	TFX	F	0.03%
	RPRX	F	0.03%
	DY	C	0.03%
	GWRE	A	0.03%
	BCC	B	0.03%
	MOD	C	0.03%
	RLI	A	0.03%
	SCI	B	0.03%
	GMED	B	0.03%
	FAF	C	0.03%
	WLK	F	0.03%
	DOX	C	0.03%
	BLD	F	0.03%
	IBP	F	0.03%
	COHR	B	0.03%
	FFIV	A	0.03%
	PEGA	A	0.03%
	TKR	F	0.03%
	ENLC	B	0.03%
	NWSA	B	0.03%
	OLN	D	0.03%
	HALO	B	0.03%
	NU	B	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%
	BMRN	F	0.03%
	BIIB	F	0.03%
	GNTX	C	0.03%
	ESNT	D	0.03%
	TTWO	A	0.03%
	SATS	C	0.03%
	EHC	A	0.03%
	MUR	F	0.03%
	AM	B	0.03%
	PVH	C	0.03%
	X	C	0.03%
	AR	B	0.03%
	MRNA	F	0.03%
	EXEL	B	0.03%
	GIS	F	0.03%
	CW	B	0.03%
	ALK	A	0.03%
	K	A	0.03%
	BPOP	C	0.03%
	INCY	B	0.03%
	RGLD	C	0.03%
	MAT	C	0.03%
	CIEN	B	0.03%
	WBD	B	0.03%
	PNFP	B	0.03%
	SSB	B	0.03%
	MNST	B	0.03%
	CVLT	A	0.03%
	LEA	F	0.03%
	ONB	B	0.03%
	SNV	B	0.03%
	DTM	B	0.03%
	ITCI	C	0.02%
	EXLS	B	0.02%
	LANC	C	0.02%
	PCTY	A	0.02%
	FIVE	F	0.02%
	AUR	D	0.02%
	ROIV	C	0.02%
	MSA	D	0.02%
	CGNX	C	0.02%
	FRPT	B	0.02%
	INSM	D	0.02%
	PPC	B	0.02%
	BC	C	0.02%
	CHH	B	0.02%
	RBC	B	0.02%
	CELH	F	0.02%
	OMC	B	0.02%
	DOCS	B	0.02%
	HRL	F	0.02%
	MDU	F	0.02%
	VKTX	D	0.02%
	AZN	F	0.02%
	ARMK	B	0.02%
	HOMB	A	0.02%
	LNW	F	0.02%
	FCN	F	0.02%
	ROKU	C	0.02%
	FSS	C	0.02%
	OZK	B	0.02%
	ALSN	A	0.02%
	NVT	B	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%
	LYV	B	0.02%
	JHG	B	0.02%
	FLS	B	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%
	CNM	D	0.02%
	BRKR	F	0.02%
	CNP	B	0.02%
	FOX	A	0.02%
	OLLI	C	0.02%
	LW	C	0.02%
	LFUS	D	0.02%
	COOP	B	0.02%
	CSWI	B	0.02%
	OSK	B	0.02%
	MGY	B	0.02%
	MTH	D	0.02%
	FLR	C	0.02%
	EL	F	0.02%
	JNPR	D	0.02%
	HESM	D	0.02%
	SON	D	0.02%
	QLYS	B	0.02%
	CADE	B	0.02%
	MASI	B	0.02%
	IVZ	C	0.02%
	PCVX	D	0.02%
	THC	B	0.02%
	TMHC	C	0.02%
	G	B	0.02%
	RVMD	B	0.02%
	IBKR	A	0.02%
	TPX	B	0.02%
	PB	B	0.02%
	NI	A	0.02%
	M	D	0.02%
	CHDN	C	0.02%
	NTNX	B	0.02%
	GME	C	0.02%
	LBRDK	C	0.02%
	AMKR	F	0.02%
	MEDP	C	0.02%
	CHRW	A	0.02%
	AFRM	B	0.02%
	LYFT	B	0.01%
	SEE	C	0.01%
	BPMC	B	0.01%
	PAG	B	0.01%
	GFS	C	0.01%
	RMBS	B	0.01%
	NEU	C	0.01%
	IONS	F	0.01%
	ZG	B	0.01%
	CFLT	B	0.01%
	CHWY	B	0.01%
	ADTN	B	0.01%
	TNET	D	0.01%
	GTLS	A	0.01%
	SMMT	D	0.01%
	RRX	C	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	A	0.01%
	CWEN	D	0.01%
	EXAS	F	0.01%
	VAL	F	0.01%
	VERX	B	0.01%
	UI	B	0.01%
	SUM	C	0.01%
	ALTR	C	0.01%
	PEN	B	0.01%
	NOVT	C	0.01%
	CE	F	0.01%
	CACC	D	0.01%
	U	F	0.01%
	WTRG	C	0.01%
	CAG	F	0.01%
	CPB	F	0.01%
	PATH	C	0.01%
	GXO	B	0.01%
	TDW	F	0.01%
	BRBR	A	0.01%
	NWS	B	0.01%
	PCOR	B	0.01%
	ZETA	D	0.01%
	HQY	B	0.01%
	HXL	D	0.01%
	BROS	B	0.01%
	FOUR	B	0.01%
	AVAV	C	0.01%
	PSN	B	0.01%
	ESAB	B	0.01%
	MTN	D	0.01%
	MORN	B	0.01%
	DDS	C	0.01%
	ESTC	C	0.01%
	GTLB	B	0.01%
	IPG	F	0.01%
	DLB	C	0.01%
	AGR	C	0.01%
	HSIC	F	0.01%
	ACHC	F	0.01%
	KRYS	B	0.01%
	CWST	A	0.01%
	NXST	C	0.01%
	MKSI	C	0.01%
	DUOL	B	0.01%
	MARA	C	0.01%
	LKQ	D	0.01%
	DBX	B	0.01%
	SOLV	D	0.01%
	VRNS	D	0.01%
	CWAN	B	0.01%
	RRR	F	0.01%
	LSCC	D	0.01%
	BECN	B	0.01%
	APPF	B	0.01%
	USFD	A	0.01%
	BOKF	B	0.01%
	VNT	B	0.01%
	CACI	C	0.01%
	RYAN	A	0.01%
	ATKR	D	0.01%
	IDA	A	0.01%
	PARA	C	0.01%
	OGN	F	0.01%
	RBLX	B	0.01%
	SJM	F	0.01%
	BERY	C	0.01%
	KBR	B	0.01%
	SRPT	F	0.01%
	LEVI	F	0.01%
	AZEK	B	0.01%
	NFG	C	0.01%
	WEX	D	0.01%
	XP	F	0.01%
	MTSI	B	0.01%
	BCPC	B	0.01%
	BYD	A	0.01%
	MIDD	C	0.01%
	AN	C	0.01%
	WTS	B	0.01%
	SPSC	D	0.01%
	PLNT	A	0.01%
	LUMN	B	0.01%
	GKOS	A	0.01%
	VVV	B	0.01%
	SMAR	A	0.01%
	ZWS	B	0.01%
	TTEK	C	0.01%
	WING	D	0.01%
	AL	B	0.01%
	LNC	B	0.01%
	MKC	D	0.01%
	PFSI	D	0.01%
	ALB	B	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%
	ELAN	D	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	D	0.0%
	HIMS	B	0.0%
	EMBC	B	0.0%
	KLG	D	0.0%
	COTY	F	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	B	0.0%
	SIRI	D	0.0%
	TXG	F	0.0%
	SAM	B	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%
	APLS	F	0.0%
	IPGP	C	0.0%
	FNB	A	0.0%
	INFA	D	0.0%
	ALKS	B	0.0%
	FIZZ	B	0.0%
	PLUG	D	0.0%
	ZI	D	0.0%
	CAR	C	0.0%
	TDC	D	0.0%
	RDN	C	0.0%
	CWEN	D	0.0%
	HCP	A	0.0%
	EEFT	C	0.0%
	HRI	B	0.0%
	SNDR	B	0.0%
	WK	B	0.0%
	ALIT	B	0.0%
	TENB	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	B	0.0%
	CZR	F	0.0%
	INSP	F	0.0%
	AMG	B	0.0%
	MMS	D	0.0%
	ACT	C	0.0%
	COLB	B	0.0%
	POST	D	0.0%
	ETSY	C	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%
	SAIC	C	0.0%
	ALGM	F	0.0%
	RBRK	B	0.0%
	SLGN	A	0.0%
	TKO	D	0.0%
	RH	C	0.0%
	ELF	C	0.0%
	APG	B	0.0%

AVLC Underweight 18 Positions Relative to INRO

	Symbol	Grade	Weight
	BXP	D	-0.87%
	AMT	F	-0.19%
	EQIX	B	-0.17%
	WELL	B	-0.11%
	DLR	C	-0.11%
	PSA	C	-0.1%
	CCI	F	-0.09%
	EXR	D	-0.07%
	IRM	D	-0.07%
	VICI	D	-0.06%
	SBAC	D	-0.05%
	WY	F	-0.05%
	VTR	C	-0.04%
	GLPI	D	-0.03%
	GEN	A	-0.03%
	DOC	C	-0.02%
	CNH	D	-0.02%
	ARE	F	-0.02%

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 IBD 50 Dow Jones Component Insurance Products Biotechnology Building Materials

INRO: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Capital Markets Software - Infrastructure Utilities - Regulated Electric Aerospace & Defense Banks - Regional - US Specialty Retail Insurance - Property & Casualty Internet Content & Information Medical Devices Credit Services Health Care Plans Information Technology Services Medical Instruments & Supplies

Keywords: S&P 500 Nasdaq 100 Computing Insurance Natural Gas Electronics Bank Dow Jones Component Aerospace Banking Electricity Cloud Computing Semiconductor Insurance Products Medicine Chemical Investment Bank Mining Telecommunications Work From Home