AVLC vs. SSPY ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Syntax Stratified LargeCap ETF (SSPY)

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

$68.17

Average Daily Volume

19,295

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$79.86

Average Daily Volume

2,856

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	SSPY
30 Days	1.26%	-0.28%
60 Days	5.60%	0.30%
90 Days	7.00%	2.89%
12 Months	31.74%	21.97%

469 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in SSPY	Overlap
A	D	0.06%	0.15%	0.06%
AAPL	C	5.32%	0.5%	0.5%
ABBV	F	0.45%	0.24%	0.24%
ABNB	C	0.08%	0.12%	0.08%
ABT	C	0.2%	0.06%	0.06%
ACGL	C	0.14%	0.14%	0.14%
ACN	C	0.31%	0.13%	0.13%
ADBE	F	0.31%	0.16%	0.16%
ADI	D	0.16%	0.22%	0.16%
ADM	D	0.11%	0.37%	0.11%
ADP	B	0.36%	0.21%	0.21%
ADSK	B	0.09%	0.17%	0.09%
AEE	A	0.08%	0.08%	0.08%
AEP	C	0.14%	0.24%	0.14%
AES	F	0.06%	0.32%	0.06%
AFL	C	0.19%	0.2%	0.19%
AIG	B	0.21%	0.2%	0.2%
AIZ	A	0.05%	0.2%	0.05%
AJG	A	0.05%	0.03%	0.03%
AKAM	F	0.04%	0.27%	0.04%
ALB	C	0.01%	0.05%	0.01%
ALGN	D	0.04%	0.1%	0.04%
ALL	A	0.19%	0.2%	0.19%
ALLE	D	0.02%	0.08%	0.02%
AMAT	F	0.38%	0.18%	0.18%
AMCR	C	0.02%	0.13%	0.02%
AMD	F	0.34%	0.14%	0.14%
AME	A	0.05%	0.13%	0.05%
AMGN	D	0.21%	0.24%	0.21%
AMP	A	0.26%	0.08%	0.08%
AMZN	B	2.98%	0.22%	0.22%
ANET	C	0.17%	0.21%	0.17%
ANSS	B	0.04%	0.17%	0.04%
AON	A	0.09%	0.04%	0.04%
AOS	F	0.04%	0.21%	0.04%
APA	F	0.03%	0.07%	0.03%
APD	A	0.22%	0.05%	0.05%
APH	B	0.13%	0.19%	0.13%
APTV	F	0.04%	0.4%	0.04%
ATO	A	0.05%	0.33%	0.05%
AVGO	C	1.18%	0.23%	0.23%
AVY	D	0.03%	0.06%	0.03%
AWK	D	0.03%	0.32%	0.03%
AXON	A	0.04%	0.09%	0.04%
AXP	A	0.4%	0.04%	0.04%
AZO	C	0.05%	0.14%	0.05%
BA	F	0.06%	0.16%	0.06%
BAC	A	0.41%	0.12%	0.12%
BALL	D	0.06%	0.13%	0.06%
BAX	F	0.02%	0.05%	0.02%
BBWI	C	0.01%	0.19%	0.01%
BBY	C	0.12%	0.17%	0.12%
BDX	F	0.05%	0.05%	0.05%
BEN	C	0.01%	0.09%	0.01%
BG	D	0.08%	0.37%	0.08%
BIIB	F	0.03%	0.24%	0.03%
BK	A	0.18%	0.11%	0.11%
BKNG	A	0.13%	0.11%	0.11%
BKR	A	0.18%	0.35%	0.18%
BLDR	D	0.07%	0.19%	0.07%
BMY	B	0.17%	0.25%	0.17%
BR	A	0.04%	0.11%	0.04%
BRK.A	A	0.66%	0.5%	0.5%
BRO	B	0.02%	0.04%	0.02%
BSX	B	0.12%	0.06%	0.06%
BWA	A	0.05%	0.42%	0.05%
BX	A	0.1%	0.08%	0.08%
C	A	0.22%	0.13%	0.13%
CAG	F	0.01%	0.21%	0.01%
CAH	B	0.03%	0.19%	0.03%
CARR	D	0.06%	0.08%	0.06%
CAT	B	0.55%	0.14%	0.14%
CB	C	0.22%	0.14%	0.14%
CBOE	D	0.03%	0.04%	0.03%
CBRE	B	0.06%	0.04%	0.04%
CCL	A	0.12%	0.09%	0.09%
CDNS	B	0.12%	0.33%	0.12%
CDW	F	0.05%	0.13%	0.05%
CE	F	0.01%	0.07%	0.01%
CEG	D	0.12%	0.38%	0.12%
CF	A	0.09%	0.09%	0.09%
CFG	A	0.08%	0.06%	0.06%
CHD	A	0.05%	0.42%	0.05%
CHRW	A	0.02%	0.09%	0.02%
CHTR	B	0.05%	0.47%	0.05%
CI	D	0.07%	0.19%	0.07%
CINF	A	0.07%	0.14%	0.07%
CL	D	0.18%	0.41%	0.18%
CLX	A	0.06%	0.41%	0.06%
CMCSA	B	0.38%	0.52%	0.38%
CME	A	0.11%	0.04%	0.04%
CMG	B	0.23%	0.5%	0.23%
CMI	A	0.2%	0.08%	0.08%
CMS	C	0.06%	0.08%	0.06%
CNC	F	0.08%	0.26%	0.08%
CNP	A	0.02%	0.26%	0.02%
COF	A	0.23%	0.7%	0.23%
COP	C	0.38%	0.07%	0.07%
COR	B	0.09%	0.18%	0.09%
COST	B	0.93%	0.71%	0.71%
CPAY	A	0.04%	0.04%	0.04%
CPB	D	0.01%	0.2%	0.01%
CPRT	A	0.09%	0.23%	0.09%
CRL	D	0.01%	0.14%	0.01%
CRM	A	0.4%	0.35%	0.35%
CRWD	B	0.1%	0.18%	0.1%
CSCO	B	0.3%	0.21%	0.21%
CSGP	F	0.04%	0.04%	0.04%
CSX	B	0.26%	0.08%	0.08%
CTAS	B	0.11%	0.18%	0.11%
CTLT	C	0.03%	0.25%	0.03%
CTRA	A	0.1%	0.17%	0.1%
CTSH	B	0.12%	0.13%	0.12%
CTVA	D	0.08%	0.08%	0.08%
CVS	F	0.05%	0.69%	0.05%
CVX	A	0.63%	0.76%	0.63%
CZR	F	0.0%	0.07%	0.0%
D	C	0.05%	0.24%	0.05%
DAL	A	0.22%	0.28%	0.22%
DAY	B	0.0%	0.22%	0.0%
DD	D	0.07%	0.05%	0.05%
DE	D	0.32%	0.13%	0.13%
DECK	A	0.16%	0.3%	0.16%
DELL	C	0.06%	0.17%	0.06%
DFS	A	0.08%	0.69%	0.08%
DG	F	0.06%	0.17%	0.06%
DGX	A	0.01%	0.16%	0.01%
DHI	D	0.12%	0.24%	0.12%
DHR	D	0.13%	0.1%	0.1%
DIS	A	0.17%	0.21%	0.17%
DLTR	F	0.07%	0.17%	0.07%
DOV	A	0.03%	0.17%	0.03%
DOW	F	0.15%	0.07%	0.07%
DPZ	C	0.02%	0.52%	0.02%
DRI	B	0.1%	0.51%	0.1%
DTE	C	0.07%	0.25%	0.07%
DUK	C	0.16%	0.07%	0.07%
DVA	C	0.01%	0.11%	0.01%
DVN	F	0.14%	0.16%	0.14%
DXCM	C	0.04%	0.1%	0.04%
EA	A	0.06%	0.49%	0.06%
EBAY	C	0.14%	0.22%	0.14%
ECL	D	0.06%	0.05%	0.05%
ED	D	0.09%	0.24%	0.09%
EFX	F	0.02%	0.04%	0.02%
EG	D	0.07%	0.14%	0.07%
EIX	C	0.09%	0.25%	0.09%
EL	F	0.02%	0.5%	0.02%
ELV	F	0.14%	0.24%	0.14%
EMN	C	0.05%	0.05%	0.05%
EMR	A	0.05%	0.03%	0.03%
ENPH	F	0.01%	0.26%	0.01%
EOG	A	0.28%	0.07%	0.07%
EPAM	B	0.04%	0.13%	0.04%
EQT	A	0.1%	0.18%	0.1%
ERIE	F	0.03%	0.2%	0.03%
ES	C	0.02%	0.07%	0.02%
ETN	A	0.14%	0.26%	0.14%
ETR	A	0.12%	0.25%	0.12%
EVRG	A	0.05%	0.08%	0.05%
EW	C	0.08%	0.06%	0.06%
EXC	C	0.1%	0.3%	0.1%
EXPD	D	0.09%	0.09%	0.09%
EXPE	A	0.04%	0.12%	0.04%
F	C	0.2%	0.25%	0.2%
FANG	D	0.17%	0.07%	0.07%
FAST	B	0.2%	0.13%	0.13%
FCX	F	0.21%	0.3%	0.21%
FDS	A	0.04%	0.04%	0.04%
FDX	A	0.25%	0.07%	0.07%
FE	D	0.02%	0.24%	0.02%
FFIV	B	0.03%	0.21%	0.03%
FI	A	0.07%	0.06%	0.06%
FICO	A	0.07%	0.05%	0.05%
FIS	B	0.06%	0.05%	0.05%
FITB	A	0.13%	0.06%	0.06%
FMC	F	0.04%	0.09%	0.04%
FOX	A	0.02%	0.1%	0.02%
FOXA	A	0.04%	0.1%	0.04%
FSLR	F	0.11%	0.2%	0.11%
FTNT	A	0.19%	0.17%	0.17%
FTV	D	0.01%	0.03%	0.01%
GD	D	0.05%	0.16%	0.05%
GDDY	A	0.07%	0.27%	0.07%
GE	D	0.19%	0.17%	0.17%
GEHC	D	0.03%	0.1%	0.03%
GEV	A	0.14%	0.18%	0.14%
GILD	B	0.38%	0.25%	0.25%
GIS	D	0.03%	0.21%	0.03%
GL	B	0.06%	0.2%	0.06%
GLW	B	0.09%	0.19%	0.09%
GM	A	0.29%	0.25%	0.25%
GNRC	B	0.06%	0.08%	0.06%
GOOG	B	1.32%	0.23%	0.23%
GOOGL	B	1.59%	0.23%	0.23%
GPC	D	0.06%	0.15%	0.06%
GPN	B	0.01%	0.04%	0.01%
GRMN	B	0.09%	0.33%	0.09%
GS	A	0.43%	0.25%	0.25%
GWW	A	0.23%	0.12%	0.12%
HAL	C	0.13%	0.34%	0.13%
HAS	D	0.02%	0.26%	0.02%
HBAN	A	0.11%	0.06%	0.06%
HCA	D	0.06%	0.33%	0.06%
HD	A	0.56%	0.26%	0.26%
HES	B	0.19%	0.07%	0.07%
HIG	C	0.19%	0.14%	0.14%
HII	F	0.04%	0.08%	0.04%
HLT	A	0.05%	0.12%	0.05%
HOLX	D	0.03%	0.1%	0.03%
HON	A	0.14%	0.17%	0.14%
HPE	B	0.08%	0.19%	0.08%
HPQ	B	0.05%	0.35%	0.05%
HRL	D	0.02%	0.36%	0.02%
HSIC	D	0.01%	0.2%	0.01%
HSY	F	0.09%	0.18%	0.09%
HUBB	B	0.04%	0.26%	0.04%
HUM	F	0.05%	0.26%	0.05%
HWM	A	0.05%	0.08%	0.05%
IBM	D	0.27%	0.34%	0.27%
ICE	C	0.07%	0.04%	0.04%
IDXX	F	0.11%	0.1%	0.1%
IEX	B	0.03%	0.2%	0.03%
IFF	D	0.06%	0.05%	0.05%
INCY	B	0.03%	0.25%	0.03%
INTC	C	0.17%	0.16%	0.16%
INTU	A	0.26%	0.2%	0.2%
IP	A	0.13%	0.06%	0.06%
IPG	F	0.01%	0.34%	0.01%
IQV	F	0.04%	0.14%	0.04%
IR	A	0.05%	0.2%	0.05%
ISRG	A	0.17%	0.12%	0.12%
IT	B	0.09%	0.13%	0.09%
ITW	B	0.12%	0.17%	0.12%
IVZ	B	0.02%	0.09%	0.02%
J	D	0.01%	0.4%	0.01%
JBHT	B	0.08%	0.08%	0.08%
JBL	C	0.11%	0.38%	0.11%
JCI	A	0.04%	0.08%	0.04%
JKHY	D	0.04%	0.05%	0.04%
JNJ	D	0.6%	0.24%	0.24%
JNPR	D	0.02%	0.2%	0.02%
JPM	A	1.17%	0.13%	0.13%
K	B	0.03%	0.18%	0.03%
KDP	D	0.05%	0.24%	0.05%
KEY	A	0.06%	0.06%	0.06%
KEYS	C	0.07%	0.21%	0.07%
KHC	F	0.05%	0.21%	0.05%
KKR	A	0.15%	0.09%	0.09%
KLAC	F	0.22%	0.17%	0.17%
KMB	C	0.14%	0.42%	0.14%
KMI	A	0.1%	0.25%	0.1%
KMX	B	0.05%	0.14%	0.05%
KO	D	0.4%	0.25%	0.25%
KR	B	0.2%	0.74%	0.2%
KVUE	A	0.06%	0.42%	0.06%
L	A	0.07%	0.49%	0.07%
LDOS	C	0.03%	0.13%	0.03%
LEN	D	0.18%	0.25%	0.18%
LEN	D	0.01%	0.25%	0.01%
LH	B	0.04%	0.16%	0.04%
LHX	B	0.03%	0.08%	0.03%
LIN	D	0.21%	0.04%	0.04%
LKQ	D	0.01%	0.14%	0.01%
LLY	F	0.78%	0.23%	0.23%
LMT	D	0.22%	0.09%	0.09%
LNT	A	0.03%	0.08%	0.03%
LOW	A	0.12%	0.26%	0.12%
LULU	C	0.15%	0.31%	0.15%
LUV	A	0.08%	0.25%	0.08%
LVS	C	0.09%	0.08%	0.08%
LW	C	0.02%	0.22%	0.02%
LYB	F	0.12%	0.07%	0.07%
LYV	A	0.02%	0.09%	0.02%
MA	A	0.65%	0.04%	0.04%
MAR	A	0.05%	0.12%	0.05%
MAS	D	0.02%	0.19%	0.02%
MCD	D	0.16%	0.5%	0.16%
MCHP	F	0.05%	0.14%	0.05%
MCK	A	0.07%	0.18%	0.07%
MCO	C	0.1%	0.04%	0.04%
MDLZ	F	0.09%	0.18%	0.09%
MDT	D	0.12%	0.06%	0.06%
MET	A	0.2%	0.21%	0.2%
META	C	2.31%	0.47%	0.47%
MGM	D	0.01%	0.07%	0.01%
MHK	D	0.05%	0.19%	0.05%
MKC	D	0.01%	0.21%	0.01%
MKTX	C	0.05%	0.04%	0.04%
MLM	B	0.14%	0.17%	0.14%
MMC	C	0.09%	0.04%	0.04%
MMM	D	0.19%	0.17%	0.17%
MNST	D	0.03%	0.25%	0.03%
MO	A	0.08%	0.35%	0.08%
MOH	F	0.07%	0.25%	0.07%
MOS	D	0.05%	0.08%	0.05%
MPC	D	0.22%	0.49%	0.22%
MPWR	F	0.06%	0.22%	0.06%
MRK	F	0.33%	0.24%	0.24%
MRNA	F	0.03%	0.24%	0.03%
MRO	A	0.11%	0.07%	0.07%
MS	A	0.34%	0.26%	0.26%
MSCI	A	0.04%	0.04%	0.04%
MSFT	D	4.41%	0.32%	0.32%
MSI	A	0.21%	0.49%	0.21%
MTB	A	0.11%	0.06%	0.06%
MTCH	F	0.01%	0.47%	0.01%
MTD	F	0.03%	0.15%	0.03%
MU	D	0.2%	0.15%	0.15%
NCLH	B	0.08%	0.09%	0.08%
NDAQ	A	0.02%	0.04%	0.02%
NDSN	B	0.01%	0.03%	0.01%
NEE	C	0.07%	0.24%	0.07%
NEM	F	0.02%	0.25%	0.02%
NFLX	A	0.47%	0.22%	0.22%
NI	A	0.02%	0.33%	0.02%
NKE	D	0.17%	0.33%	0.17%
NOC	D	0.05%	0.09%	0.05%
NOW	B	0.29%	0.22%	0.22%
NRG	B	0.06%	0.33%	0.06%
NSC	B	0.22%	0.08%	0.08%
NTAP	D	0.07%	0.17%	0.07%
NTRS	A	0.11%	0.08%	0.08%
NUE	D	0.17%	0.26%	0.17%
NVDA	B	4.93%	0.13%	0.13%
NVR	D	0.1%	0.26%	0.1%
NWS	A	0.01%	0.1%	0.01%
NWSA	B	0.03%	0.1%	0.03%
NXPI	F	0.08%	0.23%	0.08%
ODFL	B	0.14%	0.08%	0.08%
OKE	A	0.19%	0.24%	0.19%
OMC	C	0.02%	0.34%	0.02%
ON	F	0.13%	0.23%	0.13%
ORCL	A	0.42%	0.34%	0.34%
ORLY	A	0.07%	0.14%	0.07%
OTIS	D	0.04%	0.08%	0.04%
OXY	F	0.15%	0.07%	0.07%
PANW	B	0.18%	0.16%	0.16%
PARA	C	0.01%	0.2%	0.01%
PAYC	B	0.07%	0.22%	0.07%
PAYX	B	0.17%	0.21%	0.17%
PCAR	B	0.24%	0.13%	0.13%
PCG	A	0.13%	0.08%	0.08%
PEG	C	0.09%	0.26%	0.09%
PEP	F	0.27%	0.18%	0.18%
PFE	F	0.15%	0.24%	0.15%
PFG	C	0.09%	0.21%	0.09%
PG	C	0.39%	0.42%	0.39%
PGR	B	0.45%	0.19%	0.19%
PH	A	0.09%	0.08%	0.08%
PHM	D	0.12%	0.25%	0.12%
PKG	B	0.12%	0.06%	0.06%
PLTR	A	0.16%	0.23%	0.16%
PM	A	0.18%	0.35%	0.18%
PNC	A	0.22%	0.06%	0.06%
PNR	A	0.01%	0.19%	0.01%
PNW	A	0.05%	0.07%	0.05%
PODD	A	0.03%	0.1%	0.03%
POOL	D	0.08%	0.13%	0.08%
PPG	F	0.05%	0.07%	0.05%
PPL	A	0.07%	0.08%	0.07%
PRU	A	0.18%	0.2%	0.18%
PSX	C	0.19%	0.51%	0.19%
PTC	B	0.03%	0.17%	0.03%
PWR	A	0.09%	0.4%	0.09%
PYPL	A	0.3%	0.06%	0.06%
QCOM	F	0.52%	0.22%	0.22%
QRVO	F	0.02%	0.21%	0.02%
RCL	A	0.26%	0.09%	0.09%
REGN	F	0.14%	0.22%	0.14%
RF	A	0.08%	0.06%	0.06%
RJF	A	0.11%	0.25%	0.11%
RL	B	0.06%	0.32%	0.06%
RMD	C	0.07%	0.09%	0.07%
ROK	A	0.04%	0.03%	0.03%
ROL	A	0.03%	0.18%	0.03%
ROP	C	0.09%	0.03%	0.03%
ROST	D	0.22%	0.72%	0.22%
RSG	B	0.03%	0.18%	0.03%
RTX	D	0.16%	0.08%	0.08%
RVTY	D	0.02%	0.1%	0.02%
SBUX	A	0.09%	0.48%	0.09%
SCHW	A	0.2%	0.25%	0.2%
SHW	B	0.14%	0.06%	0.06%
SJM	F	0.01%	0.21%	0.01%
SLB	C	0.09%	0.35%	0.09%
SMCI	F	0.02%	0.15%	0.02%
SNA	A	0.08%	0.25%	0.08%
SNPS	C	0.12%	0.34%	0.12%
SO	C	0.12%	0.08%	0.08%
SOLV	C	0.01%	0.05%	0.01%
SPGI	C	0.09%	0.04%	0.04%
SRE	A	0.07%	0.08%	0.07%
STE	D	0.04%	0.12%	0.04%
STLD	B	0.13%	0.27%	0.13%
STT	B	0.1%	0.12%	0.1%
STX	D	0.03%	0.17%	0.03%
STZ	D	0.05%	0.25%	0.05%
SW	A	0.1%	0.07%	0.07%
SWK	F	0.02%	0.27%	0.02%
SWKS	F	0.07%	0.21%	0.07%
SYF	A	0.15%	0.69%	0.15%
SYK	A	0.11%	0.12%	0.11%
SYY	D	0.07%	0.75%	0.07%
T	A	0.42%	0.33%	0.33%
TAP	A	0.04%	0.25%	0.04%
TDG	D	0.07%	0.08%	0.07%
TDY	B	0.03%	0.03%	0.03%
TECH	D	0.02%	0.15%	0.02%
TER	F	0.05%	0.17%	0.05%
TFC	A	0.19%	0.06%	0.06%
TFX	F	0.03%	0.05%	0.03%
TGT	D	0.28%	0.17%	0.17%
TJX	A	0.43%	0.72%	0.43%
TMO	D	0.15%	0.14%	0.14%
TMUS	A	0.3%	0.33%	0.3%
TPR	A	0.08%	0.33%	0.08%
TRGP	A	0.26%	0.24%	0.24%
TRMB	A	0.02%	0.03%	0.02%
TROW	A	0.1%	0.09%	0.09%
TRV	A	0.26%	0.14%	0.14%
TSCO	D	0.18%	0.12%	0.12%
TSLA	B	0.7%	0.28%	0.28%
TSN	A	0.04%	0.36%	0.04%
TT	A	0.13%	0.07%	0.07%
TTWO	A	0.03%	0.49%	0.03%
TXN	C	0.28%	0.23%	0.23%
TXT	D	0.05%	0.16%	0.05%
TYL	B	0.04%	0.22%	0.04%
UAL	A	0.18%	0.28%	0.18%
UBER	C	0.1%	0.11%	0.1%
UHS	D	0.06%	0.32%	0.06%
ULTA	D	0.11%	0.17%	0.11%
UNH	B	0.36%	0.26%	0.26%
UNP	D	0.48%	0.08%	0.08%
UPS	C	0.19%	0.09%	0.09%
URI	B	0.2%	0.14%	0.14%
USB	B	0.22%	0.06%	0.06%
V	A	0.58%	0.04%	0.04%
VLO	C	0.16%	0.5%	0.16%
VLTO	D	0.06%	0.03%	0.03%
VMC	B	0.05%	0.17%	0.05%
VRSK	B	0.12%	0.04%	0.04%
VRSN	D	0.02%	0.27%	0.02%
VRTX	C	0.25%	0.23%	0.23%
VST	A	0.12%	0.41%	0.12%
VTRS	A	0.09%	0.24%	0.09%
VZ	C	0.44%	0.33%	0.33%
WAB	B	0.04%	0.13%	0.04%
WAT	B	0.05%	0.15%	0.05%
WBA	F	0.0%	0.64%	0.0%
WBD	B	0.03%	0.19%	0.03%
WDC	F	0.03%	0.17%	0.03%
WEC	A	0.04%	0.07%	0.04%
WFC	A	0.53%	0.13%	0.13%
WM	B	0.12%	0.18%	0.12%
WMB	A	0.29%	0.25%	0.25%
WMT	A	0.63%	0.73%	0.63%
WRB	A	0.07%	0.14%	0.07%
WST	C	0.05%	0.05%	0.05%
WTW	B	0.02%	0.03%	0.02%
WYNN	D	0.01%	0.08%	0.01%
XEL	A	0.11%	0.08%	0.08%
XOM	B	1.04%	0.77%	0.77%
XYL	D	0.04%	0.19%	0.04%
YUM	D	0.04%	0.51%	0.04%
ZBH	C	0.05%	0.12%	0.05%
ZBRA	B	0.03%	0.13%	0.03%
ZTS	D	0.2%	0.25%	0.2%

AVLC Overweight 506 Positions Relative to SSPY

Symbol	Grade	Weight
LRCX	F	0.37%
MELI	D	0.36%
LNG	A	0.22%
APO	A	0.16%
EME	B	0.15%
APP	A	0.14%
VRT	A	0.13%
CSL	B	0.13%
TPL	A	0.13%
CPNG	C	0.12%
WSM	F	0.12%
MKL	A	0.12%
FCNCA	A	0.12%
MRVL	B	0.11%
BURL	C	0.11%
SFM	A	0.11%
LII	B	0.1%
LPLA	A	0.1%
RPM	A	0.1%
FIX	A	0.1%
UTHR	B	0.1%
OC	A	0.1%
FLEX	B	0.1%
CVNA	A	0.09%
EQH	B	0.09%
TXRH	A	0.09%
WDAY	B	0.08%
RNR	D	0.08%
EXP	B	0.08%
JEF	A	0.08%
BJ	B	0.08%
FNF	C	0.08%
DKS	D	0.08%
EWBC	A	0.08%
FTI	A	0.08%
CASY	B	0.08%
WCC	A	0.07%
SAIA	B	0.07%
MUSA	A	0.07%
MSTR	B	0.07%
INGR	B	0.07%
JXN	B	0.07%
WMS	F	0.07%
TOL	B	0.07%
MLI	B	0.07%
PRI	A	0.07%
COIN	A	0.07%
RGA	A	0.07%
RS	B	0.07%
OVV	C	0.07%
CRBG	B	0.06%
COKE	D	0.06%
WAL	A	0.06%
CMA	A	0.06%
AFG	A	0.06%
PR	C	0.06%
TTD	B	0.06%
BWXT	A	0.06%
LNTH	F	0.06%
ATI	D	0.06%
SQ	A	0.06%
ALLY	C	0.06%
MANH	D	0.06%
SPOT	A	0.06%
LECO	C	0.06%
DASH	A	0.06%
DCI	B	0.06%
GPK	D	0.06%
PFGC	B	0.06%
LPX	A	0.06%
ANF	C	0.06%
VMI	B	0.05%
ENSG	D	0.05%
WBS	A	0.05%
WTFC	A	0.05%
HUBS	A	0.05%
JLL	C	0.05%
SNOW	C	0.05%
RHI	B	0.05%
CROX	F	0.05%
MTDR	C	0.05%
WFRD	F	0.05%
VEEV	C	0.05%
SKX	D	0.05%
DOCU	A	0.05%
ZION	A	0.05%
TEAM	A	0.05%
ALV	C	0.05%
HOOD	A	0.05%
AIT	A	0.05%
CBT	C	0.05%
ARW	D	0.05%
KNSL	C	0.05%
GGG	A	0.05%
R	A	0.05%
AXS	A	0.05%
WSO	A	0.05%
DDOG	B	0.05%
FYBR	C	0.05%
UFPI	C	0.05%
CHRD	F	0.05%
FND	F	0.05%
UNM	A	0.05%
ATR	B	0.05%
VFC	B	0.04%
CIVI	F	0.04%
AWI	A	0.04%
AA	A	0.04%
KEX	A	0.04%
EVR	A	0.04%
NBIX	D	0.04%
SSD	D	0.04%
SOFI	A	0.04%
ALNY	D	0.04%
KNX	B	0.04%
DINO	D	0.04%
HRB	D	0.04%
AGCO	D	0.04%
XPO	B	0.04%
CLF	F	0.04%
CMC	B	0.04%
SNX	D	0.04%
ILMN	C	0.04%
WCN	A	0.04%
OGE	A	0.04%
NET	C	0.04%
JAZZ	B	0.04%
KD	A	0.04%
MTG	C	0.04%
FN	C	0.04%
CRUS	F	0.04%
PSTG	F	0.04%
TREX	C	0.04%
ITT	A	0.04%
NSIT	F	0.04%
RRC	B	0.04%
AXTA	A	0.04%
FHN	A	0.04%
CBSH	A	0.04%
CRS	A	0.04%
CLH	C	0.04%
KBH	D	0.04%
GAP	C	0.04%
LSTR	D	0.04%
AAON	A	0.04%
AYI	A	0.04%
ZM	B	0.04%
SF	A	0.04%
CHX	C	0.04%
OMF	A	0.04%
CFR	A	0.04%
ORI	A	0.04%
LAD	B	0.03%
RPRX	F	0.03%
DY	C	0.03%
GWRE	B	0.03%
BCC	B	0.03%
MOD	C	0.03%
RLI	A	0.03%
SCI	B	0.03%
RIVN	F	0.03%
GMED	A	0.03%
FAF	C	0.03%
WLK	F	0.03%
DOX	D	0.03%
ZS	B	0.03%
BLD	F	0.03%
IBP	F	0.03%
COHR	B	0.03%
PEGA	B	0.03%
TKR	F	0.03%
ENLC	A	0.03%
MDB	C	0.03%
OLN	F	0.03%
HALO	D	0.03%
NU	C	0.03%
UHAL	D	0.03%
HLNE	A	0.03%
NYT	D	0.03%
VOYA	A	0.03%
WWD	B	0.03%
MTZ	B	0.03%
EXPO	D	0.03%
BMRN	F	0.03%
GNTX	C	0.03%
ESNT	D	0.03%
SATS	D	0.03%
EHC	B	0.03%
MUR	F	0.03%
AM	A	0.03%
PVH	C	0.03%
X	D	0.03%
AR	B	0.03%
SEIC	A	0.03%
EXEL	B	0.03%
CW	B	0.03%
ALK	A	0.03%
BPOP	C	0.03%
RGLD	C	0.03%
MAT	C	0.03%
CIEN	B	0.03%
PNFP	A	0.03%
SSB	A	0.03%
TWLO	A	0.03%
CVLT	B	0.03%
LEA	F	0.03%
ONB	B	0.03%
TTC	D	0.03%
BAH	D	0.03%
SNV	A	0.03%
DTM	A	0.03%
ITCI	B	0.02%
EXLS	B	0.02%
LANC	D	0.02%
PCTY	B	0.02%
FIVE	F	0.02%
AUR	D	0.02%
ROIV	D	0.02%
MSA	D	0.02%
CGNX	D	0.02%
FRPT	B	0.02%
INSM	D	0.02%
PPC	B	0.02%
BC	D	0.02%
CHH	A	0.02%
RBC	A	0.02%
OKTA	D	0.02%
CELH	F	0.02%
DOCS	C	0.02%
MDU	D	0.02%
TOST	A	0.02%
VKTX	F	0.02%
AZN	F	0.02%
TRU	D	0.02%
ARMK	C	0.02%
HOMB	A	0.02%
LNW	D	0.02%
FCN	F	0.02%
ROKU	D	0.02%
FSS	C	0.02%
OZK	A	0.02%
ALSN	B	0.02%
NVT	B	0.02%
NTRA	B	0.02%
DAR	B	0.02%
SIGI	A	0.02%
HLI	A	0.02%
BMI	B	0.02%
Z	A	0.02%
NOV	D	0.02%
GLOB	C	0.02%
ARES	B	0.02%
JHG	A	0.02%
FLS	A	0.02%
CHE	D	0.02%
SWX	A	0.02%
ONTO	F	0.02%
MMSI	A	0.02%
SN	C	0.02%
MOG.A	B	0.02%
OLED	F	0.02%
CNM	F	0.02%
BRKR	F	0.02%
CCK	D	0.02%
OLLI	D	0.02%
LFUS	D	0.02%
DT	C	0.02%
COOP	B	0.02%
CSWI	B	0.02%
CG	B	0.02%
OSK	C	0.02%
FBIN	D	0.02%
MGY	A	0.02%
ENTG	F	0.02%
MTH	D	0.02%
FLR	B	0.02%
HESM	C	0.02%
SON	D	0.02%
QLYS	C	0.02%
TW	B	0.02%
CADE	A	0.02%
MASI	A	0.02%
PCVX	D	0.02%
THC	C	0.02%
TMHC	B	0.02%
G	A	0.02%
RVMD	B	0.02%
IBKR	A	0.02%
TPX	A	0.02%
PB	A	0.02%
M	C	0.02%
ACM	B	0.02%
CHDN	C	0.02%
NTNX	A	0.02%
GME	C	0.02%
LBRDK	B	0.02%
AMKR	F	0.02%
PINS	F	0.02%
MEDP	D	0.02%
AFRM	A	0.02%
LYFT	B	0.01%
SEE	B	0.01%
BPMC	D	0.01%
H	B	0.01%
PAG	A	0.01%
GFS	C	0.01%
RMBS	C	0.01%
NEU	C	0.01%
IONS	F	0.01%
SNAP	D	0.01%
ZG	A	0.01%
CFLT	C	0.01%
CHWY	B	0.01%
ADTN	A	0.01%
TNET	F	0.01%
GTLS	A	0.01%
SMMT	D	0.01%
RRX	B	0.01%
AAL	B	0.01%
CYTK	D	0.01%
RGEN	D	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	A	0.01%
DKNG	B	0.01%
UI	A	0.01%
SUM	B	0.01%
ALTR	B	0.01%
PEN	B	0.01%
NOVT	D	0.01%
CACC	D	0.01%
U	F	0.01%
WTRG	C	0.01%
PATH	D	0.01%
GXO	B	0.01%
TDW	F	0.01%
BRBR	A	0.01%
HEI	A	0.01%
PCOR	B	0.01%
ZETA	F	0.01%
HQY	A	0.01%
HXL	F	0.01%
BROS	A	0.01%
FOUR	B	0.01%
AVAV	C	0.01%
PSN	C	0.01%
ESAB	B	0.01%
MTN	C	0.01%
MORN	B	0.01%
DDS	B	0.01%
ESTC	C	0.01%
GTLB	B	0.01%
DLB	D	0.01%
AGR	A	0.01%
ACHC	F	0.01%
KRYS	D	0.01%
CWST	A	0.01%
NXST	D	0.01%
MKSI	D	0.01%
SSNC	D	0.01%
DUOL	B	0.01%
MARA	B	0.01%
DBX	C	0.01%
VRNS	D	0.01%
CWAN	B	0.01%
RRR	D	0.01%
LSCC	D	0.01%
BECN	B	0.01%
APPF	C	0.01%
USFD	B	0.01%
BSY	D	0.01%
BOKF	A	0.01%
VNT	B	0.01%
CACI	C	0.01%
RYAN	A	0.01%
ATKR	C	0.01%
IDA	A	0.01%
OGN	F	0.01%
RBLX	B	0.01%
AVTR	F	0.01%
BERY	D	0.01%
KBR	D	0.01%
SRPT	F	0.01%
LEVI	F	0.01%
AZEK	B	0.01%
NFG	A	0.01%
WEX	F	0.01%
XP	F	0.01%
MTSI	B	0.01%
BCPC	B	0.01%
BYD	A	0.01%
MIDD	D	0.01%
AN	D	0.01%
WTS	A	0.01%
SPSC	D	0.01%
PLNT	A	0.01%
LUMN	B	0.01%
GKOS	B	0.01%
VVV	B	0.01%
SMAR	A	0.01%
ZWS	B	0.01%
TTEK	D	0.01%
WING	F	0.01%
BIO	C	0.01%
AL	A	0.01%
LNC	A	0.01%
IOT	B	0.01%
PFSI	D	0.01%
SITE	D	0.01%
PBF	D	0.01%
SM	C	0.01%
CR	A	0.01%
WH	A	0.01%
WSC	F	0.01%
THO	B	0.01%
ELAN	C	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	A	0.0%
RARE	F	0.0%
HIMS	C	0.0%
EMBC	C	0.0%
KLG	F	0.0%
COTY	F	0.0%
AGL	F	0.0%
FG	A	0.0%
SEDG	F	0.0%
CNXC	F	0.0%
FFIN	A	0.0%
RNA	C	0.0%
DXC	C	0.0%
IMVT	D	0.0%
SPB	C	0.0%
SIRI	C	0.0%
TXG	F	0.0%
SAM	B	0.0%
BRZE	C	0.0%
UGI	C	0.0%
CRVL	B	0.0%
GBCI	A	0.0%
AGO	A	0.0%
BBIO	F	0.0%
UHAL	D	0.0%
APLS	F	0.0%
IPGP	D	0.0%
FNB	A	0.0%
INFA	F	0.0%
ALKS	B	0.0%
FIZZ	B	0.0%
PLUG	D	0.0%
ZI	D	0.0%
CAR	C	0.0%
TDC	F	0.0%
RDN	C	0.0%
CWEN	D	0.0%
HCP	B	0.0%
EEFT	C	0.0%
HRI	B	0.0%
SNDR	B	0.0%
WK	B	0.0%
ALIT	C	0.0%
TENB	D	0.0%
FRHC	A	0.0%
FLO	D	0.0%
ST	F	0.0%
OPCH	F	0.0%
LBRDA	B	0.0%
W	F	0.0%
NFE	F	0.0%
BIRK	F	0.0%
OWL	A	0.0%
ESI	B	0.0%
CRDO	C	0.0%
INSP	F	0.0%
AMG	A	0.0%
MMS	D	0.0%
ACT	C	0.0%
COLB	A	0.0%
POST	D	0.0%
ETSY	D	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	D	0.0%
ALGM	F	0.0%
RBRK	B	0.0%
SLGN	B	0.0%
TKO	C	0.0%
RH	C	0.0%
FLUT	A	0.0%
HEI	A	0.0%
ELF	C	0.0%
APG	C	0.0%

AVLC Underweight 32 Positions Relative to SSPY

Symbol	Grade	Weight
EQIX	B	-0.27%
DLR	A	-0.26%
TEL	C	-0.19%
GEN	B	-0.17%
WY	D	-0.17%
ARE	D	-0.11%
VTR	C	-0.11%
WELL	A	-0.11%
EXR	C	-0.11%
PSA	C	-0.11%
CPT	D	-0.11%
DOC	D	-0.11%
BXP	D	-0.11%
HST	D	-0.11%
ESS	A	-0.1%
MAA	A	-0.1%
INVH	D	-0.1%
AVB	A	-0.1%
EQR	C	-0.1%
UDR	C	-0.1%
BLK	A	-0.08%
O	D	-0.07%
SPG	A	-0.07%
REG	A	-0.06%
KIM	A	-0.06%
PLD	D	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
IRM	D	-0.06%