AVLC vs. SHE ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	SHE
30 Days	4.71%	2.93%
60 Days	6.29%	5.56%
90 Days	7.72%	7.44%
12 Months	33.08%	34.03%

221 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in SHE	Overlap
	AAPL	C	5.24%	4.14%	4.14%
	ABNB	C	0.07%	0.36%	0.07%
	ABT	B	0.2%	0.73%	0.2%
	ACM	A	0.02%	0.05%	0.02%
	ACN	C	0.32%	4.39%	0.32%
	ADM	D	0.11%	0.08%	0.08%
	ADSK	A	0.09%	1.25%	0.09%
	AEE	A	0.08%	0.08%	0.08%
	AEP	D	0.14%	0.16%	0.14%
	AIG	B	0.2%	0.19%	0.19%
	AIZ	A	0.05%	0.04%	0.04%
	AKAM	D	0.03%	0.22%	0.03%
	ALB	C	0.01%	0.04%	0.01%
	ALL	A	0.2%	0.18%	0.18%
	ALNY	D	0.04%	0.12%	0.04%
	AMCR	D	0.02%	0.06%	0.02%
	ANSS	B	0.04%	0.49%	0.04%
	APA	D	0.03%	0.02%	0.02%
	APTV	D	0.04%	0.11%	0.04%
	AWK	D	0.03%	0.12%	0.03%
	AXP	A	0.4%	0.65%	0.4%
	BA	F	0.06%	0.26%	0.06%
	BAC	A	0.42%	1.2%	0.42%
	BBWI	D	0.01%	0.04%	0.01%
	BBY	D	0.12%	0.09%	0.09%
	BIIB	F	0.03%	0.09%	0.03%
	BK	A	0.18%	0.21%	0.18%
	BKNG	A	0.13%	1.33%	0.13%
	BKR	B	0.18%	0.14%	0.14%
	BR	A	0.04%	0.1%	0.04%
	BURL	A	0.11%	0.15%	0.11%
	C	A	0.23%	0.51%	0.23%
	CAH	B	0.03%	0.11%	0.03%
	CARR	D	0.06%	0.19%	0.06%
	CAT	B	0.52%	0.94%	0.52%
	CDW	F	0.05%	0.44%	0.05%
	CE	F	0.01%	0.03%	0.01%
	CHD	B	0.05%	0.08%	0.05%
	CHTR	C	0.05%	0.18%	0.05%
	CI	F	0.07%	0.32%	0.07%
	CL	D	0.18%	0.26%	0.18%
	CLX	B	0.06%	0.08%	0.06%
	CMG	B	0.23%	0.63%	0.23%
	CMI	A	0.21%	0.24%	0.21%
	CMS	C	0.06%	0.06%	0.06%
	CNC	D	0.08%	0.12%	0.08%
	CNP	B	0.02%	0.08%	0.02%
	COF	B	0.23%	0.24%	0.23%
	COR	B	0.09%	0.15%	0.09%
	COST	B	0.94%	1.13%	0.94%
	CPB	D	0.01%	0.03%	0.01%
	CRL	C	0.01%	0.04%	0.01%
	CSCO	B	0.3%	4.03%	0.3%
	CSGP	D	0.04%	0.14%	0.04%
	CVS	D	0.05%	0.25%	0.05%
	CVX	A	0.64%	0.98%	0.64%
	D	C	0.05%	0.23%	0.05%
	DAL	C	0.23%	0.04%	0.04%
	DAY	B	0.0%	0.04%	0.0%
	DD	D	0.06%	0.1%	0.06%
	DE	A	0.3%	0.32%	0.3%
	DECK	A	0.16%	0.14%	0.14%
	DG	F	0.06%	0.07%	0.06%
	DHI	D	0.12%	0.22%	0.12%
	DKS	C	0.08%	0.08%	0.08%
	DOW	F	0.14%	0.11%	0.11%
	DTE	C	0.07%	0.11%	0.07%
	DUK	C	0.16%	0.27%	0.16%
	EA	A	0.06%	0.12%	0.06%
	EBAY	D	0.14%	0.14%	0.14%
	ECL	D	0.06%	0.2%	0.06%
	ED	D	0.08%	0.13%	0.08%
	EIX	B	0.09%	0.13%	0.09%
	EL	F	0.02%	0.06%	0.02%
	EMR	A	0.05%	0.25%	0.05%
	EOG	A	0.3%	0.21%	0.21%
	EQT	B	0.11%	0.07%	0.07%
	ETN	A	0.14%	0.51%	0.14%
	ETR	B	0.12%	0.11%	0.11%
	EXC	C	0.1%	0.13%	0.1%
	FANG	D	0.17%	0.11%	0.11%
	FBIN	D	0.02%	0.05%	0.02%
	FDS	B	0.04%	0.07%	0.04%
	FDX	B	0.26%	0.22%	0.22%
	FIS	C	0.06%	0.17%	0.06%
	FITB	A	0.14%	0.12%	0.12%
	FLUT	A	0.01%	0.31%	0.01%
	FTNT	C	0.23%	1.08%	0.23%
	FTV	C	0.01%	0.1%	0.01%
	GDDY	A	0.08%	0.47%	0.08%
	GE	D	0.2%	0.58%	0.2%
	GILD	C	0.35%	0.42%	0.35%
	GIS	D	0.03%	0.13%	0.03%
	GPN	B	0.01%	0.1%	0.01%
	GWW	B	0.23%	0.17%	0.17%
	HIG	B	0.19%	0.15%	0.15%
	HLT	A	0.05%	0.53%	0.05%
	HON	B	0.15%	0.52%	0.15%
	HRL	D	0.02%	0.04%	0.02%
	HSY	F	0.09%	0.1%	0.09%
	HUBB	B	0.04%	0.09%	0.04%
	HUBS	A	0.05%	0.58%	0.05%
	IDXX	F	0.11%	0.14%	0.11%
	IFF	D	0.06%	0.07%	0.06%
	ILMN	D	0.04%	0.08%	0.04%
	INCY	C	0.03%	0.05%	0.03%
	INTC	D	0.16%	1.87%	0.16%
	INTU	C	0.27%	3.56%	0.27%
	IPG	D	0.01%	0.05%	0.01%
	ITW	B	0.12%	0.29%	0.12%
	J	F	0.01%	0.07%	0.01%
	JCI	C	0.04%	0.24%	0.04%
	JNJ	D	0.58%	1.41%	0.58%
	JPM	A	1.19%	2.69%	1.19%
	KEY	B	0.05%	0.07%	0.05%
	KMX	B	0.05%	0.07%	0.05%
	KO	D	0.4%	0.99%	0.4%
	KR	B	0.2%	0.15%	0.15%
	LDOS	C	0.03%	0.1%	0.03%
	LH	C	0.04%	0.07%	0.04%
	LIN	D	0.21%	0.89%	0.21%
	LLY	F	0.79%	2.32%	0.79%
	LNG	B	0.23%	0.17%	0.17%
	LOW	D	0.12%	0.96%	0.12%
	LPLA	A	0.1%	0.08%	0.08%
	LULU	C	0.15%	0.33%	0.15%
	LUV	C	0.08%	0.02%	0.02%
	LVS	C	0.09%	0.09%	0.09%
	LYB	F	0.11%	0.07%	0.07%
	MAR	B	0.05%	0.65%	0.05%
	MCK	B	0.07%	0.31%	0.07%
	MCO	B	0.1%	0.33%	0.1%
	MDT	D	0.12%	0.41%	0.12%
	META	D	2.26%	4.59%	2.26%
	MGM	D	0.01%	0.06%	0.01%
	MMC	B	0.09%	0.43%	0.09%
	MMM	D	0.19%	0.25%	0.19%
	MRK	F	0.32%	0.89%	0.32%
	MSFT	F	4.39%	4.17%	4.17%
	MTB	A	0.12%	0.14%	0.12%
	NBIX	C	0.04%	0.04%	0.04%
	NEM	D	0.02%	0.2%	0.02%
	NFLX	A	0.48%	1.78%	0.48%
	NKE	D	0.17%	0.42%	0.17%
	NOC	D	0.05%	0.31%	0.05%
	NSC	B	0.22%	0.18%	0.18%
	NTRS	A	0.11%	0.08%	0.08%
	NVDA	C	4.82%	4.79%	4.79%
	NWSA	B	0.03%	0.03%	0.03%
	OC	A	0.11%	0.06%	0.06%
	OMC	C	0.02%	0.07%	0.02%
	OVV	B	0.08%	0.04%	0.04%
	OXY	D	0.15%	0.14%	0.14%
	PARA	C	0.01%	0.04%	0.01%
	PEG	A	0.1%	0.17%	0.1%
	PFG	D	0.09%	0.08%	0.08%
	PG	A	0.39%	1.5%	0.39%
	PGR	A	0.46%	0.67%	0.46%
	PINS	D	0.02%	0.06%	0.02%
	PNC	B	0.22%	0.32%	0.22%
	PNR	A	0.02%	0.07%	0.02%
	PPL	B	0.07%	0.09%	0.07%
	PRU	A	0.18%	0.19%	0.18%
	PSX	C	0.19%	0.15%	0.15%
	RCL	A	0.28%	0.31%	0.28%
	RF	A	0.08%	0.09%	0.08%
	RIVN	F	0.03%	0.04%	0.03%
	ROK	B	0.04%	0.11%	0.04%
	ROST	C	0.21%	0.41%	0.21%
	RPM	A	0.1%	0.05%	0.05%
	RTX	C	0.16%	0.5%	0.16%
	SBUX	A	0.09%	0.94%	0.09%
	SCHW	B	0.21%	0.47%	0.21%
	SJM	D	0.01%	0.05%	0.01%
	SNAP	C	0.01%	0.05%	0.01%
	SPGI	C	0.09%	0.58%	0.09%
	SQ	B	0.07%	0.17%	0.07%
	SSNC	B	0.01%	0.07%	0.01%
	STZ	D	0.05%	0.12%	0.05%
	SW	A	0.1%	0.08%	0.08%
	SWK	D	0.02%	0.05%	0.02%
	SYF	B	0.15%	0.09%	0.09%
	T	A	0.42%	0.63%	0.42%
	TFC	A	0.19%	0.24%	0.19%
	TFX	F	0.02%	0.03%	0.02%
	TGT	F	0.29%	0.27%	0.27%
	TJX	A	0.44%	1.21%	0.44%
	TMUS	B	0.31%	0.52%	0.31%
	TROW	B	0.1%	0.09%	0.09%
	TRU	D	0.02%	0.06%	0.02%
	TSCO	D	0.17%	0.26%	0.17%
	TSN	B	0.05%	0.05%	0.05%
	TT	A	0.14%	0.34%	0.14%
	TTD	B	0.05%	0.13%	0.05%
	TTWO	A	0.03%	0.09%	0.03%
	TWLO	A	0.04%	0.28%	0.04%
	TXT	D	0.05%	0.05%	0.05%
	TYL	B	0.04%	0.44%	0.04%
	UBER	D	0.09%	0.57%	0.09%
	ULTA	F	0.11%	0.16%	0.11%
	UNH	C	0.36%	1.75%	0.36%
	UTHR	C	0.1%	0.06%	0.06%
	V	A	0.59%	1.62%	0.59%
	VLTO	D	0.06%	0.12%	0.06%
	VRTX	F	0.25%	0.45%	0.25%
	VST	B	0.13%	0.2%	0.13%
	VZ	C	0.45%	0.77%	0.45%
	WAB	B	0.04%	0.11%	0.04%
	WBA	F	0.0%	0.03%	0.0%
	WBD	C	0.03%	0.11%	0.03%
	WCN	A	0.04%	0.21%	0.04%
	WEC	A	0.04%	0.11%	0.04%
	WFC	A	0.55%	0.97%	0.55%
	WSM	B	0.11%	0.14%	0.11%
	WTW	B	0.02%	0.13%	0.02%
	WYNN	D	0.01%	0.04%	0.01%
	XEL	A	0.11%	0.12%	0.11%
	XOM	B	1.04%	1.46%	1.04%
	XYL	D	0.04%	0.11%	0.04%
	Z	A	0.02%	0.04%	0.02%
	ZTS	D	0.2%	0.31%	0.2%

AVLC Overweight 755 Positions Relative to SHE

	Symbol	Grade	Weight
	AMZN	C	3.03%
	GOOGL	C	1.57%
	GOOG	C	1.3%
	AVGO	D	1.11%
	TSLA	B	0.78%
	BRK.A	B	0.67%
	MA	C	0.66%
	WMT	A	0.64%
	HD	A	0.58%
	QCOM	F	0.48%
	UNP	C	0.47%
	GS	A	0.44%
	CRM	B	0.44%
	ORCL	B	0.42%
	MELI	D	0.39%
	CMCSA	B	0.38%
	COP	C	0.38%
	ABBV	D	0.38%
	AMAT	F	0.36%
	ADP	B	0.36%
	MS	A	0.35%
	LRCX	F	0.34%
	ADBE	C	0.33%
	PYPL	B	0.32%
	GM	B	0.31%
	AMD	F	0.31%
	NOW	A	0.3%
	WMB	A	0.29%
	TRGP	B	0.27%
	PEP	F	0.27%
	IBM	C	0.27%
	TRV	B	0.26%
	TXN	C	0.26%
	AMP	A	0.26%
	CSX	B	0.26%
	PCAR	B	0.25%
	LMT	D	0.23%
	MSI	B	0.23%
	USB	A	0.23%
	APD	A	0.22%
	CB	C	0.22%
	MPC	D	0.22%
	KLAC	D	0.21%
	F	C	0.2%
	URI	B	0.2%
	OKE	A	0.2%
	MET	A	0.2%
	FAST	B	0.2%
	PANW	C	0.19%
	UPS	C	0.19%
	HES	B	0.19%
	AMGN	D	0.19%
	AFL	B	0.19%
	UAL	A	0.19%
	PLTR	B	0.18%
	ISRG	A	0.18%
	PM	B	0.18%
	DIS	B	0.18%
	BMY	B	0.18%
	FCX	D	0.18%
	BLK	C	0.18%
	PAYX	C	0.17%
	VLO	C	0.17%
	LEN	D	0.17%
	MU	D	0.17%
	NUE	C	0.16%
	MCD	D	0.16%
	APP	B	0.16%
	APO	B	0.16%
	ACGL	D	0.15%
	ADI	D	0.15%
	TMO	F	0.15%
	PFE	D	0.15%
	KKR	A	0.15%
	ANET	C	0.15%
	REGN	F	0.14%
	SHW	A	0.14%
	DVN	F	0.14%
	MLM	B	0.14%
	KMB	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%
	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%
	CDNS	B	0.12%
	CTAS	B	0.12%
	CME	A	0.12%
	SFM	A	0.12%
	FCNCA	A	0.12%
	PHM	D	0.12%
	MKL	A	0.12%
	CPNG	D	0.12%
	STLD	B	0.12%
	PKG	A	0.12%
	BSX	B	0.12%
	ON	D	0.12%
	VRSK	A	0.12%
	APH	A	0.12%
	HBAN	A	0.11%
	BX	A	0.11%
	MRVL	B	0.11%
	MRO	B	0.11%
	CRWD	B	0.11%
	RJF	A	0.11%
	CEG	D	0.11%
	GRMN	B	0.1%
	DRI	B	0.1%
	CPRT	A	0.1%
	AON	A	0.1%
	STT	A	0.1%
	FLEX	A	0.1%
	CTRA	B	0.1%
	FIX	A	0.1%
	JBL	B	0.1%
	NVR	D	0.1%
	KMI	A	0.1%
	FSLR	F	0.1%
	MSTR	C	0.09%
	MO	A	0.09%
	VTRS	A	0.09%
	CVNA	B	0.09%
	EXPD	D	0.09%
	EQH	B	0.09%
	ROP	B	0.09%
	MDLZ	F	0.09%
	SLB	C	0.09%
	GLW	B	0.09%
	IT	C	0.09%
	PH	A	0.09%
	PWR	A	0.09%
	TXRH	C	0.09%
	CF	B	0.09%
	LII	A	0.09%
	EG	C	0.08%
	EW	C	0.08%
	NXPI	D	0.08%
	JBHT	C	0.08%
	RGA	A	0.08%
	BG	F	0.08%
	BJ	A	0.08%
	FICO	B	0.08%
	SNA	A	0.08%
	CTVA	C	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%
	CASY	A	0.08%
	NCLH	B	0.08%
	DFS	B	0.08%
	CFG	B	0.08%
	EWBC	A	0.08%
	ICE	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%
	DLTR	F	0.07%
	WRB	A	0.07%
	MLI	C	0.07%
	SPOT	B	0.07%
	SYY	B	0.07%
	TOL	B	0.07%
	INGR	B	0.07%
	RMD	C	0.07%
	POOL	C	0.07%
	RS	B	0.07%
	MUSA	A	0.07%
	NEE	D	0.07%
	FI	A	0.07%
	BLDR	D	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%
	KVUE	A	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%
	WMS	D	0.06%
	MANH	D	0.06%
	GPC	D	0.06%
	GNRC	B	0.06%
	AFG	A	0.06%
	GPK	C	0.06%
	A	D	0.06%
	BWXT	B	0.06%
	DCI	B	0.06%
	PFGC	B	0.06%
	ANF	C	0.06%
	DASH	A	0.06%
	KEYS	A	0.06%
	LPX	B	0.06%
	NTAP	C	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%
	MSCI	C	0.05%
	ZM	B	0.05%
	TAP	C	0.05%
	WFRD	D	0.05%
	MOS	F	0.05%
	FOXA	B	0.05%
	KDP	D	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%
	ZBH	C	0.05%
	ARW	D	0.05%
	CBT	C	0.05%
	HUM	C	0.05%
	WTFC	A	0.05%
	VMC	B	0.05%
	ATO	A	0.05%
	MTDR	B	0.05%
	AAON	B	0.05%
	MCHP	D	0.05%
	GD	F	0.05%
	TER	D	0.05%
	HPQ	B	0.05%
	SNOW	C	0.05%
	BWA	D	0.05%
	ALV	C	0.05%
	PPG	F	0.05%
	AXON	A	0.05%
	DDOG	A	0.05%
	EVRG	A	0.05%
	CHRD	D	0.05%
	VEEV	C	0.05%
	WAT	B	0.05%
	UFPI	B	0.05%
	ZION	B	0.05%
	IR	B	0.05%
	LNTH	D	0.05%
	AIT	A	0.05%
	GGG	B	0.05%
	FYBR	D	0.05%
	WST	C	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%
	BDX	F	0.05%
	TEAM	A	0.05%
	NRG	B	0.05%
	R	B	0.05%
	HCA	F	0.05%
	HOOD	B	0.05%
	KNSL	B	0.05%
	DELL	C	0.05%
	RL	B	0.05%
	ATR	B	0.05%
	AGCO	D	0.04%
	RSG	A	0.04%
	EVR	B	0.04%
	DTM	B	0.04%
	AWI	A	0.04%
	SSD	D	0.04%
	LNT	A	0.04%
	STE	F	0.04%
	KNX	B	0.04%
	FMC	D	0.04%
	SNX	C	0.04%
	KEX	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%
	ALGN	D	0.04%
	MTG	C	0.04%
	OGE	B	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%
	AXTA	A	0.04%
	SOFI	A	0.04%
	RRC	B	0.04%
	CLH	B	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%
	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%
	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%
	IEX	B	0.03%
	FAF	A	0.03%
	ENLC	A	0.03%
	UHAL	D	0.03%
	RLI	B	0.03%
	GME	C	0.03%
	FFIV	B	0.03%
	X	C	0.03%
	ROL	B	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%
	ZBRA	B	0.03%
	MTZ	B	0.03%
	MDB	C	0.03%
	PODD	C	0.03%
	HLNE	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%
	CBOE	B	0.03%
	MTD	D	0.03%
	LHX	C	0.03%
	WDC	D	0.03%
	MUR	D	0.03%
	AM	A	0.03%
	PVH	C	0.03%
	HOLX	D	0.03%
	GNTX	C	0.03%
	EHC	B	0.03%
	RGLD	C	0.03%
	EXEL	B	0.03%
	GEHC	F	0.03%
	ESNT	D	0.03%
	MAT	D	0.03%
	SEIC	B	0.03%
	AA	B	0.03%
	DOV	A	0.03%
	PTC	A	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%
	CIVI	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%
	PPC	C	0.02%
	CHH	A	0.02%
	QRVO	F	0.02%
	OKTA	C	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%
	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%
	LYV	A	0.02%
	MMSI	B	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%
	TECH	D	0.02%
	SWX	B	0.02%
	ES	D	0.02%
	CCK	C	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%
	COOP	B	0.02%
	CG	A	0.02%
	ENTG	D	0.02%
	OSK	B	0.02%
	CSWI	A	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%
	JNPR	F	0.02%
	QLYS	C	0.02%
	TW	A	0.02%
	IVZ	B	0.02%
	SON	D	0.02%
	RVTY	F	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%
	TRMB	B	0.02%
	ALLE	D	0.02%
	TPX	B	0.02%
	ERIE	D	0.02%
	RPRX	D	0.02%
	WLK	D	0.02%
	NTNX	A	0.02%
	NI	A	0.02%
	PB	A	0.02%
	SATS	D	0.02%
	GFS	C	0.01%
	LYFT	C	0.01%
	HEI	B	0.01%
	SEE	C	0.01%
	RMBS	C	0.01%
	ELF	C	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%
	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%
	LEN	D	0.01%
	VAL	D	0.01%
	NOVT	D	0.01%
	VERX	B	0.01%
	SUM	B	0.01%
	ALTR	B	0.01%
	CACC	D	0.01%
	PEN	B	0.01%
	WTRG	B	0.01%
	CAG	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%
	NWS	B	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%
	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%
	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%
	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%
	MARA	C	0.01%
	BOKF	B	0.01%
	OGN	D	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%
	BEN	C	0.01%
	AZEK	A	0.01%
	MIDD	C	0.01%
	BCPC	B	0.01%
	ENPH	F	0.01%
	DGX	A	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%
	MKC	D	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%
	SMCI	F	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%
	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 18 Positions Relative to SHE

	Symbol	Grade	Weight
	EQIX	A	-0.25%
	DLR	B	-0.22%
	SPG	B	-0.22%
	PSA	D	-0.19%
	O	D	-0.16%
	VICI	C	-0.14%
	IRM	D	-0.13%
	EXR	D	-0.12%
	VTR	C	-0.12%
	AVB	B	-0.11%
	INVH	D	-0.09%
	EQR	B	-0.09%
	KIM	A	-0.07%
	MAA	B	-0.07%
	WY	D	-0.07%
	HST	C	-0.06%
	AMH	D	-0.04%
	ACI	C	-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 Dow Jones Component IBD 50 Insurance Products Biotechnology Building Materials

SHE: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Banks - Regional - US Oil & Gas E&P Specialty Chemicals Specialty Retail Biotechnology Business Services Capital Markets Drug Manufacturers - Major Household & Personal Products REIT - Residential Aerospace & Defense Apparel Stores Banks - Global Credit Services Diagnostics & Research Discount Stores Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Dow Jones Component Banking Electricity Bank Chemical Insurance Computing Real Estate Investment Trust Electronics Aerospace Investment Bank Mining Mobile Devices Telecommunications Cash Management Acid Disability