AVLC vs. PTL ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Northern Lights Fund Trust IV Inspire 500 ETF (PTL)

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

PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$224.62

Average Daily Volume

7,636

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	PTL
30 Days	4.71%	5.09%
60 Days	6.29%	5.71%
90 Days	7.72%	7.67%
12 Months	33.08%

432 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in PTL	Overlap
AA	B	0.03%	0.08%	0.03%
AAON	B	0.05%	0.07%	0.05%
ACHC	F	0.01%	0.03%	0.01%
ADM	D	0.11%	0.18%	0.11%
ADP	B	0.36%	0.86%	0.36%
AEE	A	0.08%	0.16%	0.08%
AFG	A	0.06%	0.08%	0.06%
AFL	B	0.19%	0.42%	0.19%
AFRM	B	0.03%	0.16%	0.03%
AGCO	D	0.04%	0.05%	0.04%
AGR	B	0.01%	0.1%	0.01%
AIG	B	0.2%	0.34%	0.2%
AIT	A	0.05%	0.07%	0.05%
ALB	C	0.01%	0.08%	0.01%
ALGN	D	0.04%	0.12%	0.04%
ALSN	B	0.02%	0.07%	0.02%
ALTR	B	0.01%	0.06%	0.01%
AM	A	0.03%	0.05%	0.03%
AME	A	0.05%	0.31%	0.05%
AMKR	D	0.02%	0.05%	0.02%
AN	C	0.01%	0.05%	0.01%
ANET	C	0.15%	0.83%	0.15%
ANSS	B	0.04%	0.21%	0.04%
AOS	F	0.03%	0.07%	0.03%
APA	D	0.03%	0.06%	0.03%
APG	B	0.0%	0.07%	0.0%
APH	A	0.12%	0.6%	0.12%
APP	B	0.16%	0.76%	0.16%
APPF	B	0.01%	0.06%	0.01%
AR	B	0.03%	0.07%	0.03%
ARW	D	0.05%	0.04%	0.04%
ATI	D	0.06%	0.05%	0.05%
ATO	A	0.05%	0.16%	0.05%
ATR	B	0.05%	0.08%	0.05%
AUR	C	0.01%	0.06%	0.01%
AVGO	D	1.11%	5.22%	1.11%
AWK	D	0.03%	0.19%	0.03%
AXTA	A	0.04%	0.06%	0.04%
AYI	B	0.04%	0.07%	0.04%
AZO	C	0.05%	0.35%	0.05%
BAX	D	0.02%	0.12%	0.02%
BERY	B	0.01%	0.06%	0.01%
BFAM	D	0.0%	0.04%	0.0%
BG	F	0.08%	0.09%	0.08%
BIO	D	0.01%	0.07%	0.01%
BJ	A	0.08%	0.08%	0.08%
BKR	B	0.18%	0.31%	0.18%
BLD	D	0.03%	0.08%	0.03%
BLDR	D	0.07%	0.15%	0.07%
BOKF	B	0.01%	0.05%	0.01%
BRBR	A	0.01%	0.07%	0.01%
BRKR	D	0.02%	0.06%	0.02%
BRO	B	0.02%	0.22%	0.02%
BSY	D	0.01%	0.11%	0.01%
BWA	D	0.05%	0.05%	0.05%
BWXT	B	0.06%	0.07%	0.06%
CACI	D	0.01%	0.07%	0.01%
CAG	D	0.01%	0.09%	0.01%
CASY	A	0.08%	0.11%	0.08%
CAT	B	0.52%	1.22%	0.52%
CBOE	B	0.03%	0.16%	0.03%
CCK	C	0.02%	0.07%	0.02%
CDW	F	0.05%	0.16%	0.05%
CEG	D	0.11%	0.41%	0.11%
CELH	F	0.01%	0.05%	0.01%
CF	B	0.09%	0.11%	0.09%
CFLT	B	0.01%	0.07%	0.01%
CFR	B	0.04%	0.06%	0.04%
CGNX	C	0.01%	0.05%	0.01%
CHE	D	0.02%	0.06%	0.02%
CHRD	D	0.05%	0.06%	0.05%
CHRW	C	0.03%	0.08%	0.03%
CHWY	B	0.01%	0.12%	0.01%
CIEN	B	0.03%	0.06%	0.03%
CINF	A	0.07%	0.16%	0.07%
CLH	B	0.04%	0.1%	0.04%
CMS	C	0.06%	0.14%	0.06%
CNM	D	0.02%	0.06%	0.02%
CNP	B	0.02%	0.14%	0.02%
COHR	B	0.03%	0.11%	0.03%
COIN	C	0.08%	0.54%	0.08%
COKE	C	0.06%	0.07%	0.06%
COR	B	0.09%	0.34%	0.09%
CPAY	A	0.04%	0.18%	0.04%
CPB	D	0.01%	0.1%	0.01%
CPNG	D	0.12%	0.3%	0.12%
CPRT	A	0.1%	0.37%	0.1%
CR	A	0.01%	0.07%	0.01%
CRBG	B	0.05%	0.12%	0.05%
CRS	A	0.04%	0.06%	0.04%
CSGP	D	0.04%	0.23%	0.04%
CSL	C	0.13%	0.14%	0.13%
CSX	B	0.26%	0.47%	0.26%
CTAS	B	0.12%	0.61%	0.12%
CTRA	B	0.1%	0.14%	0.1%
CVNA	B	0.09%	0.33%	0.09%
CW	B	0.03%	0.09%	0.03%
DAL	C	0.23%	0.27%	0.23%
DCI	B	0.06%	0.06%	0.06%
DDOG	A	0.05%	0.32%	0.05%
DECK	A	0.16%	0.19%	0.16%
DG	F	0.06%	0.12%	0.06%
DHI	D	0.12%	0.39%	0.12%
DINO	D	0.04%	0.06%	0.04%
DLB	B	0.01%	0.05%	0.01%
DLTR	F	0.07%	0.1%	0.07%
DOCU	A	0.05%	0.11%	0.05%
DOV	A	0.03%	0.19%	0.03%
DOX	D	0.03%	0.07%	0.03%
DT	C	0.02%	0.1%	0.02%
DTE	C	0.07%	0.17%	0.07%
DTM	B	0.04%	0.07%	0.04%
DVA	B	0.01%	0.09%	0.01%
DVN	F	0.14%	0.18%	0.14%
DXCM	D	0.05%	0.23%	0.05%
ED	D	0.08%	0.23%	0.08%
EFX	F	0.02%	0.22%	0.02%
EHC	B	0.03%	0.07%	0.03%
ELAN	D	0.01%	0.04%	0.01%
ELV	F	0.13%	0.67%	0.13%
EME	C	0.14%	0.17%	0.14%
EMR	A	0.05%	0.5%	0.05%
ENPH	F	0.01%	0.06%	0.01%
ENSG	D	0.05%	0.06%	0.05%
ENTG	D	0.02%	0.11%	0.02%
EOG	A	0.3%	0.56%	0.3%
EPAM	C	0.04%	0.09%	0.04%
ERIE	D	0.02%	0.15%	0.02%
ES	D	0.02%	0.15%	0.02%
ESNT	D	0.03%	0.04%	0.03%
ESTC	C	0.01%	0.06%	0.01%
ETR	B	0.12%	0.22%	0.12%
EVR	B	0.04%	0.08%	0.04%
EVRG	A	0.05%	0.1%	0.05%
EW	C	0.08%	0.3%	0.08%
EWBC	A	0.08%	0.1%	0.08%
EXC	C	0.1%	0.26%	0.1%
EXEL	B	0.03%	0.07%	0.03%
EXP	A	0.07%	0.07%	0.07%
EXPD	D	0.09%	0.11%	0.09%
FANG	D	0.17%	0.4%	0.17%
FAST	B	0.2%	0.33%	0.2%
FBIN	D	0.02%	0.06%	0.02%
FCN	D	0.02%	0.05%	0.02%
FCNCA	A	0.12%	0.24%	0.12%
FCX	D	0.18%	0.4%	0.18%
FDX	B	0.26%	0.55%	0.26%
FE	C	0.02%	0.16%	0.02%
FFIV	B	0.03%	0.1%	0.03%
FHN	A	0.04%	0.08%	0.04%
FICO	B	0.08%	0.39%	0.08%
FIX	A	0.1%	0.11%	0.1%
FLEX	A	0.1%	0.11%	0.1%
FLR	B	0.02%	0.06%	0.02%
FND	C	0.05%	0.08%	0.05%
FOUR	B	0.01%	0.06%	0.01%
FRPT	B	0.02%	0.05%	0.02%
FSLR	F	0.1%	0.14%	0.1%
FTNT	C	0.23%	0.48%	0.23%
FYBR	D	0.05%	0.06%	0.05%
G	B	0.03%	0.05%	0.03%
GAP	C	0.04%	0.05%	0.04%
GEHC	F	0.03%	0.26%	0.03%
GEV	B	0.13%	0.62%	0.13%
GFS	C	0.01%	0.16%	0.01%
GGG	B	0.05%	0.1%	0.05%
GKOS	B	0.01%	0.05%	0.01%
GL	B	0.06%	0.07%	0.06%
GME	C	0.03%	0.07%	0.03%
GMED	A	0.03%	0.08%	0.03%
GNRC	B	0.06%	0.07%	0.06%
GNTX	C	0.03%	0.05%	0.03%
GPC	D	0.06%	0.12%	0.06%
GPK	C	0.06%	0.06%	0.06%
GTLB	B	0.01%	0.07%	0.01%
GWRE	A	0.03%	0.11%	0.03%
HAL	C	0.13%	0.2%	0.13%
HCP	B	0.0%	0.05%	0.0%
HD	A	0.58%	2.69%	0.58%
HESM	B	0.02%	0.06%	0.02%
HLI	B	0.02%	0.09%	0.02%
HLNE	B	0.03%	0.07%	0.03%
HOLX	D	0.03%	0.13%	0.03%
HQY	B	0.01%	0.06%	0.01%
HUBB	B	0.04%	0.16%	0.04%
IBKR	A	0.03%	0.53%	0.03%
IBP	D	0.03%	0.04%	0.03%
ICE	C	0.07%	0.62%	0.07%
IDXX	F	0.11%	0.25%	0.11%
IEX	B	0.03%	0.12%	0.03%
IFF	D	0.06%	0.16%	0.06%
INCY	C	0.03%	0.1%	0.03%
INFA	D	0.0%	0.06%	0.0%
INSM	C	0.02%	0.09%	0.02%
IOT	A	0.01%	0.21%	0.01%
IP	B	0.13%	0.15%	0.13%
IQV	D	0.04%	0.26%	0.04%
IR	B	0.05%	0.29%	0.05%
ISRG	A	0.18%	1.34%	0.18%
ITCI	C	0.01%	0.07%	0.01%
ITT	A	0.04%	0.08%	0.04%
J	F	0.01%	0.11%	0.01%
JAZZ	B	0.04%	0.05%	0.04%
JBHT	C	0.08%	0.13%	0.08%
JBL	B	0.1%	0.09%	0.09%
JEF	A	0.08%	0.11%	0.08%
JKHY	D	0.04%	0.09%	0.04%
JNPR	F	0.02%	0.08%	0.02%
KBR	F	0.01%	0.05%	0.01%
KEX	C	0.04%	0.05%	0.04%
KEYS	A	0.06%	0.2%	0.06%
KLAC	D	0.21%	0.58%	0.21%
KMI	A	0.1%	0.43%	0.1%
KMX	B	0.05%	0.09%	0.05%
KNSL	B	0.05%	0.08%	0.05%
KNX	B	0.04%	0.06%	0.04%
KVUE	A	0.06%	0.32%	0.06%
L	A	0.07%	0.13%	0.07%
LAD	A	0.03%	0.07%	0.03%
LBRDA	C	0.0%	0.07%	0.0%
LCID	F	0.01%	0.03%	0.01%
LECO	B	0.06%	0.08%	0.06%
LEN	D	0.01%	0.33%	0.01%
LEN	D	0.17%	0.33%	0.17%
LH	C	0.04%	0.14%	0.04%
LII	A	0.09%	0.16%	0.09%
LIN	D	0.21%	1.49%	0.21%
LNG	B	0.23%	0.35%	0.23%
LNTH	D	0.05%	0.04%	0.04%
LOW	D	0.12%	1.01%	0.12%
LPX	B	0.06%	0.05%	0.05%
LSCC	D	0.01%	0.05%	0.01%
LSTR	D	0.04%	0.04%	0.04%
LW	C	0.02%	0.08%	0.02%
LYB	F	0.11%	0.19%	0.11%
MANH	D	0.06%	0.11%	0.06%
MAS	D	0.02%	0.12%	0.02%
MCHP	D	0.05%	0.24%	0.05%
MDB	C	0.03%	0.15%	0.03%
MEDP	D	0.03%	0.08%	0.03%
MHK	D	0.04%	0.06%	0.04%
MIDD	C	0.01%	0.05%	0.01%
MKC	D	0.01%	0.15%	0.01%
MKL	A	0.12%	0.15%	0.12%
MKSI	C	0.01%	0.05%	0.01%
MKTX	D	0.05%	0.07%	0.05%
MLI	C	0.07%	0.07%	0.07%
MLM	B	0.14%	0.25%	0.14%
MNST	C	0.03%	0.37%	0.03%
MOH	F	0.07%	0.12%	0.07%
MPWR	F	0.04%	0.19%	0.04%
MRO	B	0.11%	0.12%	0.11%
MRVL	B	0.11%	0.57%	0.11%
MSA	D	0.02%	0.05%	0.02%
MSCI	C	0.05%	0.31%	0.05%
MSTR	C	0.09%	0.58%	0.09%
MTD	D	0.03%	0.17%	0.03%
MTH	D	0.02%	0.05%	0.02%
MTN	C	0.01%	0.05%	0.01%
MTSI	B	0.01%	0.06%	0.01%
MTZ	B	0.03%	0.08%	0.03%
MUSA	A	0.07%	0.08%	0.07%
NBIX	C	0.04%	0.09%	0.04%
NDSN	B	0.01%	0.1%	0.01%
NEE	D	0.07%	1.08%	0.07%
NEM	D	0.02%	0.35%	0.02%
NET	B	0.04%	0.23%	0.04%
NI	A	0.02%	0.11%	0.02%
NPAB	B	0.01%	0.05%	0.01%
NRG	B	0.05%	0.12%	0.05%
NSC	B	0.22%	0.42%	0.22%
NTAP	C	0.06%	0.17%	0.06%
NTNX	A	0.02%	0.13%	0.02%
NUE	C	0.16%	0.24%	0.16%
NUVL	D	0.0%	0.05%	0.0%
NVR	D	0.1%	0.19%	0.1%
NWSA	B	0.03%	0.12%	0.03%
OC	A	0.11%	0.12%	0.11%
ODFL	B	0.14%	0.33%	0.14%
OGE	B	0.04%	0.06%	0.04%
OKE	A	0.2%	0.48%	0.2%
OKTA	C	0.02%	0.09%	0.02%
OLED	D	0.02%	0.06%	0.02%
ON	D	0.12%	0.21%	0.12%
ONTO	D	0.02%	0.06%	0.02%
ORI	A	0.05%	0.07%	0.05%
ORLY	B	0.07%	0.47%	0.07%
OTIS	C	0.04%	0.25%	0.04%
OVV	B	0.08%	0.09%	0.08%
OWL	A	0.0%	0.23%	0.0%
OXY	D	0.15%	0.33%	0.15%
PAG	B	0.01%	0.07%	0.01%
PANW	C	0.19%	0.89%	0.19%
PATH	C	0.01%	0.05%	0.01%
PAYC	B	0.07%	0.09%	0.07%
PAYX	C	0.17%	0.35%	0.17%
PB	A	0.02%	0.06%	0.02%
PCAR	B	0.25%	0.4%	0.25%
PCG	A	0.13%	0.31%	0.13%
PCOR	B	0.01%	0.07%	0.01%
PCTY	B	0.02%	0.08%	0.02%
PCVX	D	0.02%	0.08%	0.02%
PEG	A	0.1%	0.3%	0.1%
PEN	B	0.01%	0.07%	0.01%
PFGC	B	0.06%	0.09%	0.06%
PGR	A	0.46%	1.06%	0.46%
PH	A	0.09%	0.61%	0.09%
PHM	D	0.12%	0.19%	0.12%
PKG	A	0.12%	0.15%	0.12%
PLNT	A	0.01%	0.06%	0.01%
PLTR	B	0.18%	0.98%	0.18%
PNFP	B	0.03%	0.07%	0.03%
PNW	B	0.05%	0.07%	0.05%
PODD	C	0.03%	0.13%	0.03%
POOL	C	0.07%	0.1%	0.07%
POST	C	0.0%	0.04%	0.0%
PPC	C	0.02%	0.08%	0.02%
PR	B	0.06%	0.09%	0.06%
PRI	A	0.07%	0.07%	0.07%
PWR	A	0.09%	0.33%	0.09%
QCOM	F	0.48%	1.24%	0.48%
QRVO	F	0.02%	0.04%	0.02%
RBC	A	0.02%	0.07%	0.02%
REGN	F	0.14%	0.63%	0.14%
RF	A	0.08%	0.17%	0.08%
RGA	A	0.08%	0.11%	0.08%
RGEN	D	0.01%	0.05%	0.01%
RGLD	C	0.03%	0.07%	0.03%
RHI	B	0.05%	0.05%	0.05%
RLI	B	0.03%	0.06%	0.03%
RMD	C	0.07%	0.25%	0.07%
ROIV	C	0.02%	0.06%	0.02%
ROL	B	0.03%	0.17%	0.03%
ROP	B	0.09%	0.42%	0.09%
RPM	A	0.1%	0.12%	0.1%
RPRX	D	0.02%	0.11%	0.02%
RRC	B	0.04%	0.06%	0.04%
RRX	B	0.01%	0.08%	0.01%
RS	B	0.07%	0.12%	0.07%
RSG	A	0.04%	0.46%	0.04%
RVMD	C	0.02%	0.07%	0.02%
RVTY	F	0.02%	0.1%	0.02%
RYAN	B	0.01%	0.12%	0.01%
S	B	0.01%	0.06%	0.01%
SAIA	B	0.07%	0.1%	0.07%
SAIC	F	0.0%	0.04%	0.0%
SATS	D	0.02%	0.05%	0.02%
SCI	B	0.03%	0.09%	0.03%
SEIC	B	0.03%	0.07%	0.03%
SF	B	0.04%	0.08%	0.04%
SFM	A	0.12%	0.1%	0.1%
SHW	A	0.14%	0.65%	0.14%
SITE	D	0.01%	0.05%	0.01%
SLB	C	0.09%	0.44%	0.09%
SMCI	F	0.01%	0.11%	0.01%
SMMT	D	0.01%	0.11%	0.01%
SN	D	0.02%	0.09%	0.02%
SNA	A	0.08%	0.13%	0.08%
SNOW	C	0.05%	0.3%	0.05%
SNPS	B	0.12%	0.6%	0.12%
SOLV	C	0.01%	0.09%	0.01%
SPSC	C	0.01%	0.05%	0.01%
SSB	B	0.03%	0.06%	0.03%
SSD	D	0.04%	0.05%	0.04%
SSNC	B	0.01%	0.13%	0.01%
STE	F	0.04%	0.15%	0.04%
STLD	B	0.12%	0.15%	0.12%
SUM	B	0.01%	0.06%	0.01%
SWKS	F	0.07%	0.09%	0.07%
SYY	B	0.07%	0.24%	0.07%
TER	D	0.05%	0.12%	0.05%
THC	D	0.02%	0.1%	0.02%
TKO	B	0.0%	0.16%	0.0%
TMHC	B	0.02%	0.05%	0.02%
TOL	B	0.07%	0.11%	0.07%
TOST	B	0.02%	0.16%	0.02%
TPL	A	0.13%	0.24%	0.13%
TPX	B	0.02%	0.06%	0.02%
TREX	C	0.04%	0.06%	0.04%
TRGP	B	0.27%	0.32%	0.27%
TRMB	B	0.02%	0.12%	0.02%
TSCO	D	0.17%	0.19%	0.17%
TSN	B	0.05%	0.16%	0.05%
TTC	D	0.03%	0.06%	0.03%
TTD	B	0.05%	0.43%	0.05%
TTEK	F	0.01%	0.07%	0.01%
TTWO	A	0.03%	0.23%	0.03%
TW	A	0.02%	0.2%	0.02%
TXRH	C	0.09%	0.09%	0.09%
TYL	B	0.04%	0.18%	0.04%
U	C	0.01%	0.05%	0.01%
UFPI	B	0.05%	0.05%	0.05%
UHAL	D	0.0%	0.08%	0.0%
UHAL	D	0.03%	0.08%	0.03%
UHS	D	0.06%	0.1%	0.06%
UI	A	0.01%	0.14%	0.01%
UPS	C	0.19%	0.77%	0.19%
URI	B	0.2%	0.37%	0.2%
USFD	A	0.01%	0.12%	0.01%
UTHR	C	0.1%	0.11%	0.1%
VEEV	C	0.05%	0.25%	0.05%
VKTX	F	0.01%	0.04%	0.01%
VLO	C	0.17%	0.33%	0.17%
VLTO	D	0.06%	0.18%	0.06%
VMC	B	0.05%	0.26%	0.05%
VRSK	A	0.12%	0.28%	0.12%
VRT	B	0.13%	0.33%	0.13%
VST	B	0.13%	0.29%	0.13%
WAL	B	0.06%	0.07%	0.06%
WBS	A	0.05%	0.07%	0.05%
WCC	B	0.07%	0.07%	0.07%
WDC	D	0.03%	0.15%	0.03%
WEC	A	0.04%	0.22%	0.04%
WEX	D	0.01%	0.05%	0.01%
WFRD	D	0.05%	0.05%	0.05%
WING	D	0.01%	0.07%	0.01%
WLK	D	0.02%	0.11%	0.02%
WM	A	0.13%	0.6%	0.13%
WMS	D	0.06%	0.07%	0.06%
WRB	A	0.07%	0.16%	0.07%
WSC	D	0.01%	0.05%	0.01%
WSM	B	0.11%	0.15%	0.11%
WSO	A	0.05%	0.15%	0.05%
WST	C	0.05%	0.16%	0.05%
WTFC	A	0.05%	0.06%	0.05%
WTRG	B	0.01%	0.07%	0.01%
WTS	B	0.01%	0.05%	0.01%
XOM	B	1.04%	3.74%	1.04%
XPO	B	0.04%	0.13%	0.04%
YUM	B	0.04%	0.25%	0.04%
ZION	B	0.05%	0.06%	0.05%
ZS	C	0.03%	0.22%	0.03%

AVLC Overweight 544 Positions Relative to PTL

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%
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%
JNJ	D	0.58%
WFC	A	0.55%
NFLX	A	0.48%
UNP	C	0.47%
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%
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%
DE	A	0.3%
CSCO	B	0.3%
WMB	A	0.29%
TGT	F	0.29%
RCL	A	0.28%
PEP	F	0.27%
INTU	C	0.27%
IBM	C	0.27%
TRV	B	0.26%
TXN	C	0.26%
AMP	A	0.26%
VRTX	F	0.25%
C	A	0.23%
LMT	D	0.23%
MSI	B	0.23%
COF	B	0.23%
GWW	B	0.23%
USB	A	0.23%
CMG	B	0.23%
APD	A	0.22%
CB	C	0.22%
PNC	B	0.22%
MPC	D	0.22%
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%
MET	A	0.2%
KR	B	0.2%
MMM	D	0.19%
TFC	A	0.19%
HIG	B	0.19%
HES	B	0.19%
AMGN	D	0.19%
UAL	A	0.19%
PSX	C	0.19%
CL	D	0.18%
BK	A	0.18%
PM	B	0.18%
DIS	B	0.18%
PRU	A	0.18%
BMY	B	0.18%
BLK	C	0.18%
NKE	D	0.17%
MU	D	0.17%
MCD	D	0.16%
DUK	C	0.16%
INTC	D	0.16%
RTX	C	0.16%
APO	B	0.16%
ACGL	D	0.15%
ADI	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%
FITB	A	0.14%
DOW	F	0.14%
AEP	D	0.14%
TT	A	0.14%
ETN	A	0.14%
KMB	D	0.14%
EBAY	D	0.14%
CTSH	B	0.13%
SO	D	0.13%
CCL	B	0.13%
DHR	F	0.13%
BKNG	A	0.13%
SYK	C	0.12%
BBY	D	0.12%
MTB	A	0.12%
CDNS	B	0.12%
MDT	D	0.12%
CME	A	0.12%
ITW	B	0.12%
BSX	B	0.12%
HBAN	A	0.11%
ULTA	F	0.11%
BX	A	0.11%
NTRS	A	0.11%
XEL	A	0.11%
CRWD	B	0.11%
EQT	B	0.11%
RJF	A	0.11%
BURL	A	0.11%
GRMN	B	0.1%
DRI	B	0.1%
AON	A	0.1%
TROW	B	0.1%
STT	A	0.1%
SW	A	0.1%
LPLA	A	0.1%
MCO	B	0.1%
MO	A	0.09%
VTRS	A	0.09%
LVS	C	0.09%
SPGI	C	0.09%
EQH	B	0.09%
MDLZ	F	0.09%
MMC	B	0.09%
GLW	B	0.09%
PFG	D	0.09%
SBUX	A	0.09%
IT	C	0.09%
HSY	F	0.09%
EIX	B	0.09%
UBER	D	0.09%
ADSK	A	0.09%
CNC	D	0.08%
EG	C	0.08%
NXPI	D	0.08%
GDDY	A	0.08%
LUV	C	0.08%
DKS	C	0.08%
CTVA	C	0.08%
WDAY	B	0.08%
TPR	B	0.08%
FNF	B	0.08%
HPE	B	0.08%
FTI	A	0.08%
NCLH	B	0.08%
DFS	B	0.08%
CFG	B	0.08%
SQ	B	0.07%
MCK	B	0.07%
JXN	C	0.07%
ABNB	C	0.07%
SPOT	B	0.07%
INGR	B	0.07%
CI	F	0.07%
PPL	B	0.07%
FI	A	0.07%
TDG	D	0.07%
RNR	C	0.07%
SRE	A	0.07%
UNM	A	0.06%
ALLY	C	0.06%
CMA	A	0.06%
BA	F	0.06%
CARR	D	0.06%
CLX	B	0.06%
A	D	0.06%
FIS	C	0.06%
EA	A	0.06%
ANF	C	0.06%
DASH	A	0.06%
DD	D	0.06%
ECL	D	0.06%
CBRE	B	0.06%
BALL	D	0.06%
AES	F	0.06%
VMI	B	0.05%
CROX	D	0.05%
NOC	D	0.05%
ZM	B	0.05%
CVS	D	0.05%
TAP	C	0.05%
MOS	F	0.05%
FOXA	B	0.05%
KDP	D	0.05%
SKX	D	0.05%
JLL	D	0.05%
AJG	B	0.05%
KHC	F	0.05%
ZBH	C	0.05%
CBT	C	0.05%
HUM	C	0.05%
CHD	B	0.05%
MTDR	B	0.05%
D	C	0.05%
GD	F	0.05%
HPQ	B	0.05%
ALV	C	0.05%
PPG	F	0.05%
AXON	A	0.05%
HUBS	A	0.05%
TXT	D	0.05%
STZ	D	0.05%
AIZ	A	0.05%
WAT	B	0.05%
MAR	B	0.05%
HWM	A	0.05%
AXS	A	0.05%
BDX	F	0.05%
TEAM	A	0.05%
R	B	0.05%
HCA	F	0.05%
HOOD	B	0.05%
DELL	C	0.05%
HLT	A	0.05%
CHTR	C	0.05%
KEY	B	0.05%
RL	B	0.05%
ALNY	D	0.04%
AWI	A	0.04%
TWLO	A	0.04%
LNT	A	0.04%
FMC	D	0.04%
SNX	C	0.04%
ILMN	D	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
JCI	C	0.04%
XYL	D	0.04%
FN	D	0.04%
ROK	B	0.04%
CMC	B	0.04%
CRUS	D	0.04%
APTV	D	0.04%
MTG	C	0.04%
WCN	A	0.04%
HII	D	0.04%
KBH	D	0.04%
KD	B	0.04%
SOFI	A	0.04%
BR	A	0.04%
WAB	B	0.04%
CBSH	A	0.04%
FDS	B	0.04%
CHX	C	0.04%
OMF	A	0.04%
EXPE	B	0.04%
EMN	D	0.04%
LDOS	C	0.03%
MOD	A	0.03%
BCC	B	0.03%
MRNA	F	0.03%
TKR	D	0.03%
DY	D	0.03%
FAF	A	0.03%
ENLC	A	0.03%
X	C	0.03%
HALO	F	0.03%
BIIB	F	0.03%
OLN	D	0.03%
PEGA	A	0.03%
NYT	C	0.03%
CTLT	B	0.03%
ZBRA	B	0.03%
WWD	B	0.03%
EXPO	D	0.03%
NU	C	0.03%
VOYA	B	0.03%
BMRN	D	0.03%
STX	D	0.03%
LHX	C	0.03%
MUR	D	0.03%
PVH	C	0.03%
AKAM	D	0.03%
RIVN	F	0.03%
MAT	D	0.03%
GIS	D	0.03%
PTC	A	0.03%
K	A	0.03%
ALK	C	0.03%
CAH	B	0.03%
BPOP	B	0.03%
VFC	C	0.03%
TDY	B	0.03%
BAH	F	0.03%
WBD	C	0.03%
CIVI	D	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%
ONB	B	0.03%
PNR	A	0.02%
EXLS	B	0.02%
LNW	D	0.02%
BC	C	0.02%
TRU	D	0.02%
OMC	C	0.02%
SWK	D	0.02%
CHH	A	0.02%
HRL	D	0.02%
ARMK	B	0.02%
AZN	D	0.02%
MDU	D	0.02%
NVT	B	0.02%
HOMB	A	0.02%
OZK	B	0.02%
WTW	B	0.02%
FSS	B	0.02%
ROKU	D	0.02%
NOV	C	0.02%
HAS	D	0.02%
SIGI	C	0.02%
DAR	C	0.02%
BMI	B	0.02%
ARES	A	0.02%
GLOB	B	0.02%
JHG	A	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%
FLS	B	0.02%
DOCS	C	0.02%
LFUS	F	0.02%
TECH	D	0.02%
SWX	B	0.02%
VRSN	F	0.02%
EL	F	0.02%
COOP	B	0.02%
CG	A	0.02%
OSK	B	0.02%
CSWI	A	0.02%
PINS	D	0.02%
FOX	A	0.02%
M	D	0.02%
MGY	A	0.02%
NTRA	B	0.02%
NDAQ	A	0.02%
QLYS	C	0.02%
IVZ	B	0.02%
SON	D	0.02%
MASI	A	0.02%
CHDN	B	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
ALLE	D	0.02%
ACM	A	0.02%
TFX	F	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%
NEU	C	0.01%
IONS	F	0.01%
ADTN	A	0.01%
PI	D	0.01%
ZG	A	0.01%
CE	F	0.01%
BBWI	D	0.01%
TNET	D	0.01%
CYTK	F	0.01%
AAL	B	0.01%
GTLS	B	0.01%
CWEN	C	0.01%
TDW	F	0.01%
EXAS	D	0.01%
VAL	D	0.01%
NOVT	D	0.01%
VERX	B	0.01%
WYNN	D	0.01%
CACC	D	0.01%
DKNG	B	0.01%
GXO	B	0.01%
NXST	C	0.01%
AVAV	D	0.01%
NWS	B	0.01%
HXL	D	0.01%
ESAB	B	0.01%
DDS	B	0.01%
PSN	D	0.01%
IPG	D	0.01%
MORN	B	0.01%
HEI	B	0.01%
HSIC	B	0.01%
BROS	B	0.01%
KRYS	B	0.01%
BILL	A	0.01%
CWAN	B	0.01%
RRR	D	0.01%
CWST	A	0.01%
DBX	B	0.01%
VRNS	D	0.01%
LKQ	D	0.01%
DUOL	A	0.01%
MTCH	D	0.01%
ATKR	C	0.01%
BECN	B	0.01%
VNT	B	0.01%
AVTR	F	0.01%
PARA	C	0.01%
MARA	C	0.01%
OGN	D	0.01%
SJM	D	0.01%
GPN	B	0.01%
SRPT	D	0.01%
RBLX	C	0.01%
IDA	A	0.01%
XP	F	0.01%
LEVI	F	0.01%
CRL	C	0.01%
MGM	D	0.01%
BEN	C	0.01%
AZEK	A	0.01%
BCPC	B	0.01%
DGX	A	0.01%
NFG	A	0.01%
LUMN	C	0.01%
BYD	C	0.01%
VVV	F	0.01%
SMAR	A	0.01%
ZWS	B	0.01%
LNC	B	0.01%
MDGL	B	0.01%
PFSI	D	0.01%
AL	B	0.01%
PBF	D	0.01%
FTV	C	0.01%
THO	B	0.01%
FIVE	F	0.01%
SM	B	0.01%
WH	B	0.01%
LANC	C	0.01%
DPZ	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%
WBA	F	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%
AGO	B	0.0%
APLS	D	0.0%
IPGP	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%
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%
OPCH	D	0.0%
W	F	0.0%
NFE	D	0.0%
BIRK	D	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%
ACT	D	0.0%
ETSY	D	0.0%
XRAY	F	0.0%
REYN	D	0.0%
CNA	B	0.0%
DAY	B	0.0%
RDDT	B	0.0%
TMDX	F	0.0%
ALGM	D	0.0%
ZETA	D	0.0%
RBRK	A	0.0%
RH	B	0.0%
SLGN	A	0.0%
BPMC	C	0.0%

AVLC Underweight 48 Positions Relative to PTL

Symbol	Grade	Weight
PLD	D	-0.76%
WELL	A	-0.58%
SCCO	F	-0.52%
DLR	B	-0.43%
SPG	B	-0.41%
PSA	D	-0.4%
CCI	D	-0.31%
EXR	D	-0.25%
RKT	F	-0.2%
EQR	B	-0.2%
VTR	C	-0.18%
WY	D	-0.16%
SBAC	D	-0.16%
INVH	D	-0.15%
ESS	B	-0.14%
ARE	D	-0.13%
MAA	B	-0.13%
SUI	D	-0.12%
GEN	B	-0.12%
ELS	C	-0.1%
REG	B	-0.1%
AMH	D	-0.1%
DOC	D	-0.1%
UDR	B	-0.1%
WPC	D	-0.09%
HST	C	-0.09%
LAMR	D	-0.09%
BXP	D	-0.09%
CPT	B	-0.09%
EDR	A	-0.09%
CUBE	D	-0.08%
ACI	C	-0.08%
FRT	B	-0.07%
REXR	F	-0.07%
KNTK	B	-0.07%
UWMC	D	-0.07%
OHI	C	-0.07%
NNN	D	-0.06%
EGP	F	-0.06%
BRX	A	-0.06%
COLD	D	-0.05%
STAG	F	-0.05%
STWD	C	-0.05%
FR	C	-0.05%
ADC	B	-0.05%
VNO	B	-0.05%
AGNC	D	-0.05%
TRNO	F	-0.04%