AVLC vs. USNZ ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ)

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

$68.64

Average Daily Volume

19,825

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ Description

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is an exchange traded fund launched and managed by DBX Advisors LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, by using full replication technique. The fund does not invest in companies operating across controversial weapons, exhibit poor overall ESG performance, fossil fuels, oil sands, hydraulic fracturing and shale oil/gas, artic or deep water drilling, tobacco, weapons and firearms, alcohol, gambling, adult entertainment or recreational cannabis. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.52

Average Daily Volume

6,684

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	USNZ
30 Days	1.67%	-0.93%
60 Days	4.71%	1.92%
90 Days	6.55%	2.94%
12 Months	31.26%	29.66%

305 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in USNZ	Overlap
A	F	0.06%	0.09%	0.06%
AAPL	C	5.24%	8.59%	5.24%
ABBV	F	0.38%	0.72%	0.38%
ABNB	D	0.07%	0.13%	0.07%
ABT	A	0.2%	0.52%	0.2%
ACGL	D	0.15%	0.07%	0.07%
ACN	C	0.32%	0.5%	0.32%
ADBE	D	0.33%	0.48%	0.33%
ADI	D	0.15%	0.3%	0.15%
ADM	D	0.11%	0.0%	0.0%
ADP	B	0.36%	0.26%	0.26%
ADSK	B	0.09%	0.14%	0.09%
AFL	C	0.19%	0.11%	0.11%
AIG	C	0.2%	0.09%	0.09%
AJG	B	0.05%	0.14%	0.05%
AKAM	F	0.03%	0.03%	0.03%
ALGN	D	0.04%	0.12%	0.04%
ALL	A	0.2%	0.07%	0.07%
ALNY	D	0.04%	0.17%	0.04%
AMAT	F	0.36%	0.38%	0.36%
AMD	F	0.31%	0.52%	0.31%
AMGN	D	0.19%	0.42%	0.19%
AMP	A	0.26%	0.1%	0.1%
ANET	C	0.15%	0.29%	0.15%
AON	B	0.1%	0.16%	0.1%
APO	A	0.16%	0.15%	0.15%
APTV	F	0.04%	0.1%	0.04%
ARES	A	0.02%	0.08%	0.02%
AVGO	C	1.11%	1.67%	1.11%
AVTR	F	0.01%	0.12%	0.01%
AWK	C	0.03%	0.49%	0.03%
AXP	B	0.4%	0.35%	0.35%
AZO	C	0.05%	0.23%	0.05%
BAC	A	0.42%	0.63%	0.42%
BALL	D	0.06%	0.12%	0.06%
BAX	F	0.02%	0.12%	0.02%
BBY	D	0.12%	0.08%	0.08%
BDX	F	0.05%	0.24%	0.05%
BIIB	F	0.03%	0.12%	0.03%
BK	B	0.18%	0.13%	0.13%
BKNG	A	0.13%	0.35%	0.13%
BLK	B	0.18%	0.33%	0.18%
BMRN	F	0.03%	0.11%	0.03%
BMY	A	0.18%	0.4%	0.18%
BR	B	0.04%	0.05%	0.04%
BSX	A	0.12%	0.38%	0.12%
C	B	0.23%	0.26%	0.23%
CAG	F	0.01%	0.09%	0.01%
CAH	B	0.03%	0.1%	0.03%
CARR	D	0.06%	0.12%	0.06%
CB	C	0.22%	0.24%	0.22%
CBOE	C	0.03%	0.05%	0.03%
CBRE	B	0.06%	0.06%	0.06%
CDNS	B	0.12%	0.17%	0.12%
CDW	F	0.05%	0.05%	0.05%
CFG	B	0.08%	0.03%	0.03%
CHD	A	0.05%	0.16%	0.05%
CHTR	B	0.05%	0.08%	0.05%
CI	D	0.07%	0.17%	0.07%
CINF	A	0.07%	0.04%	0.04%
CL	D	0.18%	0.22%	0.18%
CLX	A	0.06%	0.16%	0.06%
CMCSA	B	0.38%	0.35%	0.35%
CME	A	0.12%	0.17%	0.12%
CMG	C	0.23%	0.17%	0.17%
CNC	F	0.08%	0.07%	0.07%
COF	B	0.23%	0.11%	0.11%
COIN	A	0.08%	0.12%	0.08%
COR	B	0.09%	0.17%	0.09%
CPAY	A	0.04%	0.06%	0.04%
CPB	D	0.01%	0.1%	0.01%
CPRT	B	0.1%	0.21%	0.1%
CRM	B	0.44%	0.64%	0.44%
CRWD	B	0.11%	0.16%	0.11%
CSCO	B	0.3%	0.59%	0.3%
CSGP	F	0.04%	0.06%	0.04%
CTAS	B	0.12%	0.17%	0.12%
CTSH	C	0.13%	0.08%	0.08%
CTVA	C	0.08%	0.19%	0.08%
CVS	F	0.05%	0.24%	0.05%
DAL	A	0.23%	0.17%	0.17%
DASH	A	0.06%	0.29%	0.06%
DDOG	A	0.05%	0.07%	0.05%
DE	C	0.3%	0.29%	0.29%
DFS	B	0.08%	0.1%	0.08%
DGX	A	0.01%	0.04%	0.01%
DHI	D	0.12%	0.19%	0.12%
DHR	D	0.13%	0.43%	0.13%
DIS	B	0.18%	0.41%	0.18%
DOV	B	0.03%	0.13%	0.03%
DOX	D	0.03%	0.02%	0.02%
DPZ	C	0.01%	0.03%	0.01%
DXCM	C	0.05%	0.13%	0.05%
EA	A	0.06%	0.08%	0.06%
EBAY	D	0.14%	0.19%	0.14%
ECL	D	0.06%	0.23%	0.06%
EFX	F	0.02%	0.07%	0.02%
EG	D	0.08%	0.02%	0.02%
EIX	C	0.09%	0.56%	0.09%
EL	F	0.02%	0.1%	0.02%
ELV	F	0.13%	0.19%	0.13%
ENPH	F	0.01%	0.08%	0.01%
EW	C	0.08%	0.16%	0.08%
EXPD	D	0.09%	0.12%	0.09%
EXPE	B	0.04%	0.06%	0.04%
F	C	0.2%	0.09%	0.09%
FAST	B	0.2%	0.23%	0.2%
FDX	B	0.26%	0.22%	0.22%
FI	A	0.07%	0.27%	0.07%
FICO	B	0.08%	0.12%	0.08%
FIS	C	0.06%	0.1%	0.06%
FITB	B	0.14%	0.07%	0.07%
FNF	A	0.08%	0.02%	0.02%
FOX	A	0.02%	0.01%	0.01%
FOXA	B	0.05%	0.02%	0.02%
FTNT	B	0.23%	0.12%	0.12%
GEHC	D	0.03%	0.18%	0.03%
GFS	C	0.01%	0.06%	0.01%
GILD	C	0.35%	0.38%	0.35%
GIS	F	0.03%	0.16%	0.03%
GLW	B	0.09%	0.16%	0.09%
GM	B	0.31%	0.16%	0.16%
GOOG	B	1.3%	1.89%	1.3%
GOOGL	B	1.57%	2.1%	1.57%
GPC	F	0.06%	0.12%	0.06%
GPN	C	0.01%	0.07%	0.01%
GRMN	B	0.1%	0.19%	0.1%
GS	B	0.44%	0.4%	0.4%
GWW	B	0.23%	0.19%	0.19%
HBAN	B	0.11%	0.06%	0.06%
HCA	F	0.05%	0.14%	0.05%
HD	A	0.58%	0.89%	0.58%
HIG	B	0.19%	0.05%	0.05%
HOLX	D	0.03%	0.14%	0.03%
HPQ	B	0.05%	0.13%	0.05%
HRL	D	0.02%	0.08%	0.02%
HSY	F	0.09%	0.15%	0.09%
HUBS	B	0.05%	0.07%	0.05%
HUM	D	0.05%	0.08%	0.05%
IBKR	A	0.03%	0.05%	0.03%
ICE	C	0.07%	0.19%	0.07%
IDXX	F	0.11%	0.16%	0.11%
IFF	D	0.06%	0.12%	0.06%
ILMN	C	0.04%	0.18%	0.04%
INCY	C	0.03%	0.16%	0.03%
INTC	C	0.16%	0.29%	0.16%
INTU	B	0.27%	0.39%	0.27%
IP	A	0.13%	0.06%	0.06%
IQV	F	0.04%	0.07%	0.04%
ISRG	A	0.18%	0.52%	0.18%
IT	C	0.09%	0.08%	0.08%
JBHT	C	0.08%	0.14%	0.08%
JCI	B	0.04%	0.12%	0.04%
JNJ	D	0.58%	0.85%	0.58%
JPM	A	1.19%	1.42%	1.19%
K	B	0.03%	0.17%	0.03%
KDP	D	0.05%	0.17%	0.05%
KEY	B	0.05%	0.03%	0.03%
KEYS	C	0.06%	0.16%	0.06%
KHC	F	0.05%	0.13%	0.05%
KKR	A	0.15%	0.22%	0.15%
KLAC	F	0.21%	0.25%	0.21%
KMB	C	0.14%	0.17%	0.14%
KO	D	0.4%	0.59%	0.4%
LEN	D	0.01%	0.19%	0.01%
LEN	D	0.17%	0.19%	0.17%
LEN	D	0.01%	0.05%	0.01%
LEN	D	0.17%	0.05%	0.05%
LH	B	0.04%	0.05%	0.04%
LLY	F	0.79%	1.45%	0.79%
LOW	C	0.12%	0.38%	0.12%
LRCX	F	0.34%	0.27%	0.27%
LULU	C	0.15%	0.2%	0.15%
LUV	B	0.08%	0.11%	0.08%
LYV	A	0.02%	0.04%	0.02%
MA	B	0.66%	0.89%	0.66%
MAS	D	0.02%	0.12%	0.02%
MCD	D	0.16%	0.44%	0.16%
MCHP	F	0.05%	0.13%	0.05%
MCK	A	0.07%	0.25%	0.07%
MCO	D	0.1%	0.17%	0.1%
MDB	C	0.03%	0.04%	0.03%
MDLZ	F	0.09%	0.27%	0.09%
MDT	D	0.12%	0.34%	0.12%
MELI	D	0.39%	0.29%	0.29%
MET	A	0.2%	0.08%	0.08%
META	C	2.26%	3.18%	2.26%
MKC	D	0.01%	0.15%	0.01%
MKL	A	0.12%	0.04%	0.04%
MLM	B	0.14%	0.16%	0.14%
MMC	D	0.09%	0.23%	0.09%
MPWR	F	0.04%	0.12%	0.04%
MRK	F	0.32%	0.59%	0.32%
MRNA	F	0.03%	0.06%	0.03%
MRVL	B	0.11%	0.25%	0.11%
MS	A	0.35%	0.35%	0.35%
MSCI	B	0.05%	0.1%	0.05%
MSFT	D	4.39%	8.14%	4.39%
MSI	B	0.23%	0.29%	0.23%
MTB	A	0.12%	0.06%	0.06%
MTD	F	0.03%	0.15%	0.03%
MU	D	0.17%	0.29%	0.17%
NDAQ	A	0.02%	0.07%	0.02%
NET	B	0.04%	0.06%	0.04%
NFLX	A	0.48%	0.72%	0.48%
NKE	F	0.17%	0.29%	0.17%
NOW	B	0.3%	0.43%	0.3%
NTAP	C	0.06%	0.13%	0.06%
NTRS	A	0.11%	0.05%	0.05%
NUE	D	0.16%	0.08%	0.08%
NVDA	A	4.82%	7.67%	4.82%
NVR	D	0.1%	0.16%	0.1%
ODFL	B	0.14%	0.22%	0.14%
OKTA	D	0.02%	0.03%	0.02%
OMC	C	0.02%	0.04%	0.02%
ON	F	0.12%	0.14%	0.12%
ORCL	A	0.42%	0.6%	0.42%
ORLY	B	0.07%	0.27%	0.07%
OTIS	C	0.04%	0.18%	0.04%
PANW	B	0.19%	0.26%	0.19%
PAYX	B	0.17%	0.1%	0.1%
PCAR	C	0.25%	0.13%	0.13%
PEP	F	0.27%	0.56%	0.27%
PFE	F	0.15%	0.4%	0.15%
PFG	C	0.09%	0.03%	0.03%
PG	C	0.39%	0.89%	0.39%
PGR	B	0.46%	0.3%	0.3%
PHM	D	0.12%	0.16%	0.12%
PINS	F	0.02%	0.04%	0.02%
PKG	B	0.12%	0.16%	0.12%
PNC	B	0.22%	0.16%	0.16%
PPG	F	0.05%	0.14%	0.05%
PRU	B	0.18%	0.07%	0.07%
PYPL	B	0.32%	0.19%	0.19%
QCOM	F	0.48%	0.45%	0.45%
RBLX	B	0.01%	0.05%	0.01%
REGN	F	0.14%	0.25%	0.14%
RF	A	0.08%	0.02%	0.02%
RJF	A	0.11%	0.07%	0.07%
RMD	C	0.07%	0.2%	0.07%
ROL	B	0.03%	0.04%	0.03%
RPRX	F	0.02%	0.13%	0.02%
SCHW	A	0.21%	0.25%	0.21%
SHW	C	0.14%	0.31%	0.14%
SIRI	D	0.0%	0.01%	0.0%
SMCI	F	0.01%	0.04%	0.01%
SNA	B	0.08%	0.16%	0.08%
SNAP	D	0.01%	0.02%	0.01%
SNOW	C	0.05%	0.08%	0.05%
SNPS	C	0.12%	0.17%	0.12%
SPGI	D	0.09%	0.34%	0.09%
SPOT	B	0.07%	0.14%	0.07%
SQ	A	0.07%	0.1%	0.07%
SSNC	C	0.01%	0.03%	0.01%
STE	D	0.04%	0.15%	0.04%
STT	B	0.1%	0.07%	0.07%
STX	D	0.03%	0.11%	0.03%
SWKS	F	0.07%	0.09%	0.07%
SYF	B	0.15%	0.06%	0.06%
SYK	A	0.12%	0.36%	0.12%
SYY	D	0.07%	0.18%	0.07%
T	A	0.42%	0.32%	0.32%
TEAM	A	0.05%	0.08%	0.05%
TER	F	0.05%	0.09%	0.05%
TFC	A	0.19%	0.12%	0.12%
TGT	B	0.29%	0.21%	0.21%
TMO	F	0.15%	0.53%	0.15%
TMUS	B	0.31%	0.23%	0.23%
TROW	B	0.1%	0.06%	0.06%
TRU	D	0.02%	0.05%	0.02%
TRV	A	0.26%	0.11%	0.11%
TSCO	D	0.17%	0.12%	0.12%
TSN	B	0.05%	0.0%	0.0%
TT	A	0.14%	0.0%	0.0%
TTD	B	0.05%	0.11%	0.05%
TTWO	A	0.03%	0.06%	0.03%
TXN	C	0.26%	0.47%	0.26%
UAL	A	0.19%	0.15%	0.15%
UBER	F	0.09%	0.39%	0.09%
ULTA	F	0.11%	0.14%	0.11%
UNH	C	0.36%	1.11%	0.36%
UPS	C	0.19%	0.29%	0.19%
USB	B	0.23%	0.14%	0.14%
V	A	0.59%	1.01%	0.59%
VEEV	C	0.05%	0.07%	0.05%
VRSK	B	0.12%	0.09%	0.09%
VRSN	F	0.02%	0.03%	0.02%
VRTX	D	0.25%	0.36%	0.25%
VZ	C	0.45%	0.35%	0.35%
WAB	B	0.04%	0.12%	0.04%
WAT	C	0.05%	0.18%	0.05%
WBD	B	0.03%	0.05%	0.03%
WDAY	C	0.08%	0.12%	0.08%
WDC	F	0.03%	0.08%	0.03%
WFC	A	0.55%	0.51%	0.51%
WM	B	0.13%	0.28%	0.13%
WRB	B	0.07%	0.03%	0.03%
WST	D	0.05%	0.16%	0.05%
WTW	B	0.02%	0.07%	0.02%
YUM	D	0.04%	0.05%	0.04%
ZBH	C	0.05%	0.15%	0.05%
ZBRA	B	0.03%	0.16%	0.03%
ZM	B	0.05%	0.04%	0.04%
ZS	B	0.03%	0.04%	0.03%
ZTS	D	0.2%	0.27%	0.2%

AVLC Overweight 673 Positions Relative to USNZ

Symbol	Grade	Weight
AMZN	B	3.03%
XOM	B	1.04%
COST	A	0.94%
TSLA	A	0.78%
BRK.A	B	0.67%
CVX	A	0.64%
WMT	A	0.64%
CAT	C	0.52%
UNP	D	0.47%
TJX	A	0.44%
COP	B	0.38%
EOG	A	0.3%
WMB	A	0.29%
RCL	A	0.28%
TRGP	A	0.27%
IBM	C	0.27%
CSX	C	0.26%
LMT	D	0.23%
LNG	A	0.23%
APD	A	0.22%
NSC	B	0.22%
MPC	D	0.22%
LIN	D	0.21%
CMI	A	0.21%
ROST	D	0.21%
GE	D	0.2%
URI	B	0.2%
OKE	A	0.2%
KR	B	0.2%
MMM	D	0.19%
HES	B	0.19%
PSX	C	0.19%
PLTR	A	0.18%
PM	A	0.18%
FCX	F	0.18%
BKR	B	0.18%
VLO	C	0.17%
FANG	D	0.17%
DUK	C	0.16%
DECK	A	0.16%
APP	A	0.16%
RTX	D	0.16%
OXY	F	0.15%
HON	B	0.15%
DOW	F	0.14%
AEP	C	0.14%
DVN	F	0.14%
ETN	B	0.14%
EME	A	0.14%
SO	C	0.13%
VRT	A	0.13%
CCL	A	0.13%
HAL	C	0.13%
VST	A	0.13%
CSL	C	0.13%
TPL	A	0.13%
PCG	A	0.13%
GEV	A	0.13%
ETR	A	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
CPNG	D	0.12%
STLD	B	0.12%
ITW	B	0.12%
APH	B	0.12%
BX	A	0.11%
OC	A	0.11%
MRO	A	0.11%
XEL	A	0.11%
LYB	F	0.11%
EQT	A	0.11%
BURL	A	0.11%
CEG	C	0.11%
WSM	D	0.11%
DRI	C	0.1%
PEG	C	0.1%
FLEX	B	0.1%
RPM	B	0.1%
SW	A	0.1%
LPLA	A	0.1%
CTRA	B	0.1%
UTHR	C	0.1%
FIX	A	0.1%
JBL	C	0.1%
KMI	A	0.1%
EXC	C	0.1%
FSLR	F	0.1%
MSTR	A	0.09%
MO	A	0.09%
VTRS	A	0.09%
LVS	B	0.09%
CVNA	A	0.09%
EQH	B	0.09%
ROP	C	0.09%
SLB	C	0.09%
SBUX	A	0.09%
PH	B	0.09%
PWR	A	0.09%
TXRH	B	0.09%
CF	A	0.09%
LII	A	0.09%
OVV	C	0.08%
NXPI	F	0.08%
RGA	B	0.08%
BG	D	0.08%
GDDY	A	0.08%
BJ	B	0.08%
DKS	D	0.08%
AEE	A	0.08%
TPR	B	0.08%
JEF	A	0.08%
HPE	B	0.08%
FTI	A	0.08%
ED	C	0.08%
CASY	A	0.08%
NCLH	B	0.08%
EWBC	A	0.08%
DTE	C	0.07%
L	A	0.07%
WCC	B	0.07%
MOH	F	0.07%
PAYC	B	0.07%
SAIA	C	0.07%
JXN	C	0.07%
DLTR	F	0.07%
MLI	B	0.07%
TOL	B	0.07%
INGR	B	0.07%
POOL	D	0.07%
PPL	A	0.07%
RS	B	0.07%
MUSA	B	0.07%
NEE	C	0.07%
BLDR	D	0.07%
TDG	D	0.07%
RNR	C	0.07%
SRE	A	0.07%
PRI	A	0.07%
EXP	B	0.07%
UNM	A	0.06%
ALLY	C	0.06%
PR	B	0.06%
VLTO	C	0.06%
COKE	C	0.06%
KVUE	A	0.06%
WAL	B	0.06%
UHS	D	0.06%
CMA	B	0.06%
LECO	C	0.06%
ATI	C	0.06%
GL	C	0.06%
BA	D	0.06%
WMS	F	0.06%
CMS	C	0.06%
MANH	D	0.06%
GNRC	B	0.06%
AFG	A	0.06%
GPK	D	0.06%
BWXT	A	0.06%
DCI	B	0.06%
PFGC	B	0.06%
DG	F	0.06%
ANF	C	0.06%
DD	D	0.06%
LPX	B	0.06%
AES	F	0.06%
VMI	B	0.05%
ORI	A	0.05%
ENSG	D	0.05%
CROX	F	0.05%
NOC	D	0.05%
TAP	B	0.05%
WFRD	F	0.05%
MOS	D	0.05%
SKX	F	0.05%
JLL	D	0.05%
RHI	C	0.05%
PNW	B	0.05%
WBS	A	0.05%
MKTX	D	0.05%
ARW	F	0.05%
CBT	C	0.05%
WTFC	B	0.05%
VMC	B	0.05%
ATO	A	0.05%
MTDR	C	0.05%
AAON	B	0.05%
D	C	0.05%
GD	D	0.05%
KMX	C	0.05%
BWA	D	0.05%
ALV	C	0.05%
AXON	A	0.05%
EVRG	A	0.05%
TXT	D	0.05%
CHRD	F	0.05%
STZ	D	0.05%
AIZ	A	0.05%
UFPI	C	0.05%
ZION	B	0.05%
IR	B	0.05%
MAR	B	0.05%
LNTH	F	0.05%
AIT	B	0.05%
GGG	B	0.05%
FYBR	C	0.05%
HWM	A	0.05%
AME	A	0.05%
AXS	A	0.05%
DOCU	B	0.05%
WSO	A	0.05%
FND	F	0.05%
CRBG	B	0.05%
NRG	B	0.05%
R	B	0.05%
HOOD	A	0.05%
KNSL	B	0.05%
DELL	B	0.05%
EMR	A	0.05%
HLT	A	0.05%
RL	C	0.05%
ATR	B	0.05%
AGCO	F	0.04%
RSG	A	0.04%
EVR	B	0.04%
DTM	A	0.04%
AWI	B	0.04%
SSD	D	0.04%
TWLO	A	0.04%
LNT	A	0.04%
KNX	B	0.04%
FMC	D	0.04%
SNX	D	0.04%
KEX	B	0.04%
NBIX	C	0.04%
HUBB	B	0.04%
NSIT	F	0.04%
PSTG	F	0.04%
XPO	B	0.04%
XYL	D	0.04%
DINO	D	0.04%
FN	B	0.04%
ROK	B	0.04%
CMC	B	0.04%
CRUS	F	0.04%
TYL	B	0.04%
MTG	D	0.04%
OGE	A	0.04%
WCN	A	0.04%
HII	F	0.04%
TREX	D	0.04%
ITT	A	0.04%
KBH	D	0.04%
KD	A	0.04%
WEC	A	0.04%
AXTA	B	0.04%
SOFI	A	0.04%
RRC	B	0.04%
CLH	C	0.04%
JKHY	D	0.04%
JAZZ	C	0.04%
CRS	A	0.04%
FHN	A	0.04%
ANSS	B	0.04%
GAP	D	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%
EMN	D	0.04%
MHK	D	0.04%
MEDP	D	0.03%
LDOS	C	0.03%
GWRE	A	0.03%
COHR	B	0.03%
MOD	A	0.03%
SCI	A	0.03%
LAD	B	0.03%
IBP	F	0.03%
CHRW	B	0.03%
BCC	C	0.03%
BLD	F	0.03%
G	B	0.03%
GMED	A	0.03%
TKR	F	0.03%
DY	C	0.03%
IEX	B	0.03%
FAF	C	0.03%
ENLC	A	0.03%
UHAL	D	0.03%
RLI	A	0.03%
GME	C	0.03%
NWSA	B	0.03%
FFIV	B	0.03%
X	C	0.03%
AFRM	A	0.03%
HALO	F	0.03%
OLN	F	0.03%
PEGA	B	0.03%
NYT	D	0.03%
CTLT	D	0.03%
MTZ	A	0.03%
PODD	B	0.03%
HLNE	A	0.03%
WWD	B	0.03%
EXPO	D	0.03%
NU	C	0.03%
VOYA	B	0.03%
LHX	B	0.03%
MUR	F	0.03%
AM	A	0.03%
PVH	C	0.03%
GNTX	F	0.03%
EHC	B	0.03%
RGLD	C	0.03%
EXEL	B	0.03%
RIVN	F	0.03%
ESNT	D	0.03%
MAT	D	0.03%
SEIC	B	0.03%
AA	A	0.03%
PTC	B	0.03%
ALK	A	0.03%
CW	B	0.03%
SSB	B	0.03%
BPOP	C	0.03%
VFC	C	0.03%
TTC	F	0.03%
TDY	B	0.03%
CIEN	B	0.03%
BAH	D	0.03%
CIVI	D	0.03%
APA	F	0.03%
AR	B	0.03%
MNST	C	0.03%
PNFP	B	0.03%
LEA	F	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%
PNR	B	0.02%
EXLS	B	0.02%
LNW	F	0.02%
ROIV	D	0.02%
MSA	D	0.02%
BRO	B	0.02%
BC	D	0.02%
INSM	C	0.02%
FRPT	A	0.02%
RBC	A	0.02%
PPC	B	0.02%
SWK	F	0.02%
CHH	A	0.02%
QRVO	F	0.02%
ARMK	C	0.02%
FCN	F	0.02%
AZN	F	0.02%
MDU	D	0.02%
NVT	C	0.02%
HOMB	A	0.02%
ALSN	B	0.02%
OZK	B	0.02%
FSS	B	0.02%
ROKU	D	0.02%
OLED	F	0.02%
ONTO	F	0.02%
CNM	C	0.02%
NOV	D	0.02%
HAS	D	0.02%
SIGI	B	0.02%
DAR	B	0.02%
BRKR	F	0.02%
BMI	C	0.02%
HLI	B	0.02%
FLR	B	0.02%
GLOB	C	0.02%
JHG	B	0.02%
FE	C	0.02%
OLLI	D	0.02%
Z	A	0.02%
MMSI	A	0.02%
AMCR	D	0.02%
MOG.A	B	0.02%
CHE	F	0.02%
FLS	A	0.02%
DOCS	C	0.02%
TOST	A	0.02%
LFUS	D	0.02%
TECH	F	0.02%
SWX	A	0.02%
ES	C	0.02%
CCK	D	0.02%
FBIN	F	0.02%
LW	C	0.02%
MTH	D	0.02%
SN	D	0.02%
DT	C	0.02%
CNP	A	0.02%
COOP	B	0.02%
CG	B	0.02%
NEM	D	0.02%
ENTG	F	0.02%
OSK	C	0.02%
CSWI	A	0.02%
M	D	0.02%
HESM	A	0.02%
MGY	A	0.02%
PCVX	D	0.02%
NTRA	A	0.02%
JNPR	D	0.02%
QLYS	C	0.02%
TW	A	0.02%
IVZ	C	0.02%
SON	F	0.02%
RVTY	D	0.02%
THC	C	0.02%
TMHC	B	0.02%
AMKR	F	0.02%
RVMD	B	0.02%
MASI	B	0.02%
CHDN	C	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
TRMB	B	0.02%
ALLE	D	0.02%
TPX	B	0.02%
ERIE	F	0.02%
ACM	B	0.02%
TFX	F	0.02%
WLK	F	0.02%
NTNX	B	0.02%
NI	A	0.02%
PB	A	0.02%
SATS	C	0.02%
LYFT	C	0.01%
HEI	A	0.01%
SEE	D	0.01%
RMBS	C	0.01%
ELF	C	0.01%
FLUT	A	0.01%
H	B	0.01%
PAG	B	0.01%
NEU	D	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	C	0.01%
CFLT	B	0.01%
TNET	F	0.01%
CYTK	D	0.01%
CHWY	B	0.01%
LCID	F	0.01%
AAL	B	0.01%
GTLS	A	0.01%
U	F	0.01%
CWEN	C	0.01%
TDW	F	0.01%
EXAS	D	0.01%
RGEN	F	0.01%
VAL	F	0.01%
NOVT	D	0.01%
VERX	A	0.01%
SUM	B	0.01%
ALTR	B	0.01%
WYNN	D	0.01%
CACC	F	0.01%
PEN	B	0.01%
WTRG	B	0.01%
DKNG	B	0.01%
NDSN	D	0.01%
GXO	B	0.01%
HQY	A	0.01%
NXST	C	0.01%
PATH	C	0.01%
AVAV	C	0.01%
NWS	A	0.01%
HXL	F	0.01%
ESAB	C	0.01%
DDS	B	0.01%
BRBR	A	0.01%
PCOR	C	0.01%
NPAB	F	0.01%
ACHC	F	0.01%
PSN	C	0.01%
IPG	F	0.01%
DLB	F	0.01%
FOUR	A	0.01%
MORN	B	0.01%
HEI	A	0.01%
GTLB	B	0.01%
HSIC	C	0.01%
BROS	A	0.01%
MTN	C	0.01%
SOLV	F	0.01%
MKSI	C	0.01%
KRYS	C	0.01%
AGR	A	0.01%
BILL	B	0.01%
CWAN	B	0.01%
RRR	F	0.01%
LSCC	D	0.01%
ESTC	C	0.01%
UI	A	0.01%
CWST	A	0.01%
DBX	C	0.01%
VRNS	D	0.01%
LKQ	F	0.01%
DUOL	A	0.01%
MTCH	F	0.01%
ATKR	D	0.01%
BSY	D	0.01%
BECN	B	0.01%
VNT	C	0.01%
CACI	C	0.01%
USFD	A	0.01%
APPF	C	0.01%
PARA	D	0.01%
MARA	C	0.01%
BOKF	B	0.01%
OGN	F	0.01%
SJM	D	0.01%
J	D	0.01%
RYAN	B	0.01%
SRPT	F	0.01%
BERY	D	0.01%
MTSI	B	0.01%
KBR	F	0.01%
IDA	A	0.01%
XP	F	0.01%
LEVI	F	0.01%
WEX	F	0.01%
CRL	D	0.01%
MGM	D	0.01%
BEN	C	0.01%
AZEK	B	0.01%
MIDD	D	0.01%
BCPC	B	0.01%
NFG	A	0.01%
LUMN	C	0.01%
AN	D	0.01%
BYD	B	0.01%
VVV	D	0.01%
SPSC	F	0.01%
WTS	B	0.01%
BIO	C	0.01%
SMAR	A	0.01%
TTEK	F	0.01%
PLNT	A	0.01%
ZWS	B	0.01%
LNC	B	0.01%
MDGL	C	0.01%
WSC	F	0.01%
GKOS	A	0.01%
PFSI	C	0.01%
SITE	D	0.01%
WING	D	0.01%
DVA	C	0.01%
IOT	A	0.01%
VKTX	F	0.01%
AL	B	0.01%
PBF	D	0.01%
FTV	D	0.01%
THO	C	0.01%
ELAN	D	0.01%
FIVE	F	0.01%
SM	C	0.01%
CR	A	0.01%
WH	B	0.01%
ALB	B	0.01%
LANC	D	0.01%
ITCI	B	0.01%
AUR	C	0.01%
CELH	F	0.01%
S	B	0.01%
CGNX	D	0.01%
NVST	C	0.0%
TPG	A	0.0%
CRSP	D	0.0%
WOLF	F	0.0%
WHR	B	0.0%
RARE	F	0.0%
AGL	F	0.0%
EMBC	D	0.0%
KLG	D	0.0%
HIMS	C	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	D	0.0%
RNA	C	0.0%
SPB	C	0.0%
TXG	F	0.0%
WBA	F	0.0%
SAM	C	0.0%
UGI	C	0.0%
BRZE	C	0.0%
CRVL	A	0.0%
BBIO	F	0.0%
GBCI	B	0.0%
UHAL	D	0.0%
AGO	A	0.0%
APLS	F	0.0%
IPGP	D	0.0%
INFA	D	0.0%
FNB	B	0.0%
PLUG	F	0.0%
ZI	D	0.0%
ALKS	C	0.0%
FIZZ	C	0.0%
CWEN	C	0.0%
TDC	D	0.0%
RDN	D	0.0%
HCP	B	0.0%
CAR	C	0.0%
EEFT	C	0.0%
HRI	C	0.0%
SNDR	B	0.0%
WK	C	0.0%
TENB	D	0.0%
FLO	D	0.0%
ALIT	C	0.0%
FRHC	A	0.0%
ST	F	0.0%
LBRDA	C	0.0%
OPCH	F	0.0%
W	D	0.0%
NFE	F	0.0%
BIRK	D	0.0%
OWL	A	0.0%
INSP	F	0.0%
ESI	B	0.0%
CRDO	B	0.0%
CZR	F	0.0%
MMS	D	0.0%
AMG	C	0.0%
COLB	B	0.0%
POST	C	0.0%
ACT	D	0.0%
ETSY	D	0.0%
BFAM	F	0.0%
XRAY	D	0.0%
REYN	D	0.0%
CNA	C	0.0%
NUVL	D	0.0%
DAY	B	0.0%
RDDT	A	0.0%
TMDX	F	0.0%
SAIC	F	0.0%
ALGM	F	0.0%
ZETA	D	0.0%
RBRK	A	0.0%
RH	D	0.0%
SLGN	A	0.0%
TKO	A	0.0%
APG	C	0.0%
BPMC	C	0.0%

AVLC Underweight 29 Positions Relative to USNZ

Symbol	Grade	Weight
PLD	D	-0.32%
WELL	A	-0.31%
AMT	D	-0.29%
EQIX	A	-0.29%
DLR	A	-0.24%
SPG	A	-0.24%
PSA	C	-0.23%
O	C	-0.21%
CCI	C	-0.2%
EXR	C	-0.19%
VICI	C	-0.19%
IRM	C	-0.19%
USCA	A	-0.18%
AVB	B	-0.18%
VTR	B	-0.18%
SBAC	D	-0.17%
EQR	C	-0.16%
MAA	A	-0.15%
ESS	A	-0.15%
WY	D	-0.15%
INVH	D	-0.14%
DOC	D	-0.14%
ARE	F	-0.13%
SCCO	F	-0.1%
ARM	F	-0.09%
GEN	B	-0.04%
PABU	A	-0.01%
RKT	F	-0.01%
WMG	C	-0.01%