AVLC vs. VFMF ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Vanguard U.S. Multifactor ETF (VFMF)

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

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$135.88

Average Daily Volume

9,581

Number of Holdings ^*

470

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	VFMF
30 Days	1.67%	1.50%
60 Days	4.71%	4.94%
90 Days	6.55%	7.06%
12 Months	31.26%	30.02%

234 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in VFMF	Overlap
	ABBV	F	0.38%	0.93%	0.38%
	ACT	D	0.0%	0.29%	0.0%
	ADTN	A	0.01%	0.02%	0.01%
	AFL	C	0.19%	1.08%	0.19%
	AGO	A	0.0%	0.17%	0.0%
	AIG	C	0.2%	1.02%	0.2%
	AIT	B	0.05%	0.17%	0.05%
	ALKS	C	0.0%	0.17%	0.0%
	ALSN	B	0.02%	0.3%	0.02%
	AMAT	F	0.36%	0.78%	0.36%
	AMG	C	0.0%	0.32%	0.0%
	AMKR	F	0.02%	0.2%	0.02%
	AMP	A	0.26%	0.17%	0.17%
	AMZN	B	3.03%	0.06%	0.06%
	AN	D	0.01%	0.14%	0.01%
	ANET	C	0.15%	0.5%	0.15%
	APO	A	0.16%	0.74%	0.16%
	ARW	F	0.05%	0.09%	0.05%
	ATKR	D	0.01%	0.02%	0.01%
	AXP	B	0.4%	0.82%	0.4%
	AYI	B	0.04%	0.26%	0.04%
	AZO	C	0.05%	0.43%	0.05%
	BAC	A	0.42%	0.16%	0.16%
	BBY	D	0.12%	0.05%	0.05%
	BCC	C	0.03%	0.52%	0.03%
	BERY	D	0.01%	0.03%	0.01%
	BG	D	0.08%	0.16%	0.08%
	BJ	B	0.08%	0.05%	0.05%
	BK	B	0.18%	0.98%	0.18%
	BKNG	A	0.13%	0.52%	0.13%
	BLD	F	0.03%	0.19%	0.03%
	BLDR	D	0.07%	0.12%	0.07%
	BOKF	B	0.01%	0.19%	0.01%
	BPOP	C	0.03%	0.67%	0.03%
	BWA	D	0.05%	0.06%	0.05%
	BYD	B	0.01%	0.03%	0.01%
	C	B	0.23%	0.06%	0.06%
	CACI	C	0.01%	0.07%	0.01%
	CAH	B	0.03%	0.53%	0.03%
	CASY	A	0.08%	0.05%	0.05%
	CAT	C	0.52%	0.48%	0.48%
	CBOE	C	0.03%	0.34%	0.03%
	CBSH	A	0.04%	0.34%	0.04%
	CBT	C	0.05%	0.05%	0.05%
	CF	A	0.09%	0.16%	0.09%
	CFG	B	0.08%	0.57%	0.08%
	CG	B	0.02%	0.07%	0.02%
	CHRD	F	0.05%	0.15%	0.05%
	CI	D	0.07%	0.5%	0.07%
	CIVI	D	0.03%	0.06%	0.03%
	CL	D	0.18%	0.46%	0.18%
	CMC	B	0.04%	0.14%	0.04%
	CNA	C	0.0%	0.07%	0.0%
	CNM	C	0.02%	0.07%	0.02%
	COKE	C	0.06%	0.18%	0.06%
	COOP	B	0.02%	0.17%	0.02%
	COP	B	0.38%	0.22%	0.22%
	COR	B	0.09%	0.17%	0.09%
	COST	A	0.94%	0.52%	0.52%
	CPAY	A	0.04%	0.23%	0.04%
	CR	A	0.01%	0.16%	0.01%
	CRBG	B	0.05%	0.15%	0.05%
	CRM	B	0.44%	0.19%	0.19%
	CROX	F	0.05%	0.2%	0.05%
	CRS	A	0.04%	0.05%	0.04%
	CRUS	F	0.04%	0.06%	0.04%
	CRVL	A	0.0%	0.09%	0.0%
	CSL	C	0.13%	0.07%	0.07%
	CTAS	B	0.12%	0.07%	0.07%
	CTRA	B	0.1%	0.17%	0.1%
	CTSH	C	0.13%	0.12%	0.12%
	CVLT	B	0.03%	0.14%	0.03%
	CVX	A	0.64%	0.33%	0.33%
	DASH	A	0.06%	0.05%	0.05%
	DDS	B	0.01%	0.03%	0.01%
	DECK	A	0.16%	0.16%	0.16%
	DELL	B	0.05%	0.23%	0.05%
	DHI	D	0.12%	0.26%	0.12%
	DKS	D	0.08%	0.15%	0.08%
	DOX	D	0.03%	0.1%	0.03%
	DVA	C	0.01%	0.16%	0.01%
	EBAY	D	0.14%	0.07%	0.07%
	EME	A	0.14%	0.22%	0.14%
	EOG	A	0.3%	0.51%	0.3%
	EQH	B	0.09%	0.2%	0.09%
	ESAB	C	0.01%	0.15%	0.01%
	EWBC	A	0.08%	0.59%	0.08%
	EXP	B	0.07%	0.11%	0.07%
	EXPE	B	0.04%	0.13%	0.04%
	FANG	D	0.17%	0.6%	0.17%
	FCX	F	0.18%	0.26%	0.18%
	FDX	B	0.26%	0.54%	0.26%
	FFIV	B	0.03%	0.02%	0.02%
	FI	A	0.07%	0.51%	0.07%
	FITB	B	0.14%	0.39%	0.14%
	FIX	A	0.1%	0.16%	0.1%
	FLO	D	0.0%	0.06%	0.0%
	FN	B	0.04%	0.06%	0.04%
	FNF	A	0.08%	0.23%	0.08%
	FTI	A	0.08%	0.14%	0.08%
	GAP	D	0.04%	0.08%	0.04%
	GILD	C	0.35%	0.43%	0.35%
	GM	B	0.31%	0.44%	0.31%
	GOOG	B	1.3%	0.9%	0.9%
	GOOGL	B	1.57%	0.5%	0.5%
	GPC	F	0.06%	0.1%	0.06%
	GPK	D	0.06%	0.03%	0.03%
	HALO	F	0.03%	0.11%	0.03%
	HCA	F	0.05%	0.82%	0.05%
	HIG	B	0.19%	0.7%	0.19%
	HIMS	C	0.0%	0.07%	0.0%
	HPE	B	0.08%	0.04%	0.04%
	HPQ	B	0.05%	0.19%	0.05%
	HRB	D	0.03%	0.45%	0.03%
	IBM	C	0.27%	0.61%	0.27%
	INGR	B	0.07%	0.35%	0.07%
	JBL	C	0.1%	0.24%	0.1%
	JEF	A	0.08%	0.19%	0.08%
	JNJ	D	0.58%	0.38%	0.38%
	JPM	A	1.19%	0.72%	0.72%
	JXN	C	0.07%	0.1%	0.07%
	KBH	D	0.04%	0.16%	0.04%
	KD	A	0.04%	0.16%	0.04%
	KEX	B	0.04%	0.16%	0.04%
	KLAC	F	0.21%	0.52%	0.21%
	KMB	C	0.14%	0.59%	0.14%
	KR	B	0.2%	0.73%	0.2%
	LDOS	C	0.03%	0.15%	0.03%
	LEN	D	0.01%	0.07%	0.01%
	LEN	D	0.17%	0.07%	0.07%
	LEN	D	0.17%	0.19%	0.17%
	LEN	D	0.01%	0.19%	0.01%
	LMT	D	0.23%	0.64%	0.23%
	LNTH	F	0.05%	0.14%	0.05%
	LPX	B	0.06%	0.21%	0.06%
	LYB	F	0.11%	0.1%	0.1%
	M	D	0.02%	0.22%	0.02%
	MCK	A	0.07%	0.71%	0.07%
	MEDP	D	0.03%	0.15%	0.03%
	MET	A	0.2%	0.05%	0.05%
	META	C	2.26%	0.82%	0.82%
	MGY	A	0.02%	0.04%	0.02%
	MHK	D	0.04%	0.22%	0.04%
	MLI	B	0.07%	0.71%	0.07%
	MMM	D	0.19%	0.9%	0.19%
	MO	A	0.09%	0.78%	0.09%
	MOG.A	B	0.02%	0.09%	0.02%
	MPC	D	0.22%	0.83%	0.22%
	MPWR	F	0.04%	0.1%	0.04%
	MRK	F	0.32%	0.46%	0.32%
	MTDR	C	0.05%	0.08%	0.05%
	MTG	D	0.04%	0.71%	0.04%
	MTH	D	0.02%	0.07%	0.02%
	MUR	F	0.03%	0.13%	0.03%
	MUSA	B	0.07%	0.14%	0.07%
	NSIT	F	0.04%	0.24%	0.04%
	NTAP	C	0.06%	0.17%	0.06%
	NUE	D	0.16%	0.13%	0.13%
	NVDA	A	4.82%	0.63%	0.63%
	NVR	D	0.1%	0.18%	0.1%
	NWS	A	0.01%	0.36%	0.01%
	NXST	C	0.01%	0.04%	0.01%
	OC	A	0.11%	0.44%	0.11%
	OGN	F	0.01%	0.12%	0.01%
	OMF	A	0.04%	0.46%	0.04%
	ORI	A	0.05%	0.45%	0.05%
	OVV	C	0.08%	0.07%	0.07%
	PCAR	C	0.25%	0.13%	0.13%
	PFG	C	0.09%	0.06%	0.06%
	PFGC	B	0.06%	0.15%	0.06%
	PGR	B	0.46%	0.2%	0.2%
	PH	B	0.09%	0.11%	0.09%
	PHM	D	0.12%	0.72%	0.12%
	PKG	B	0.12%	0.19%	0.12%
	PM	A	0.18%	0.81%	0.18%
	PPC	B	0.02%	0.2%	0.02%
	PR	B	0.06%	0.16%	0.06%
	PRI	A	0.07%	0.28%	0.07%
	PSTG	F	0.04%	0.12%	0.04%
	PSX	C	0.19%	0.27%	0.19%
	PVH	C	0.03%	0.39%	0.03%
	PYPL	B	0.32%	0.15%	0.15%
	QCOM	F	0.48%	0.82%	0.48%
	R	B	0.05%	0.16%	0.05%
	RCL	A	0.28%	0.12%	0.12%
	RDN	D	0.0%	0.21%	0.0%
	RL	C	0.05%	0.19%	0.05%
	RMD	C	0.07%	0.15%	0.07%
	RNR	C	0.07%	0.06%	0.06%
	RRC	B	0.04%	0.03%	0.03%
	RS	B	0.07%	0.11%	0.07%
	RTX	D	0.16%	0.36%	0.16%
	SFM	A	0.12%	0.16%	0.12%
	SKX	F	0.05%	0.26%	0.05%
	SM	C	0.01%	0.13%	0.01%
	SN	D	0.02%	0.05%	0.02%
	SNA	B	0.08%	0.15%	0.08%
	SPOT	B	0.07%	0.2%	0.07%
	SSD	D	0.04%	0.12%	0.04%
	STLD	B	0.12%	0.18%	0.12%
	STT	B	0.1%	0.23%	0.1%
	SWKS	F	0.07%	0.09%	0.07%
	SYF	B	0.15%	0.71%	0.15%
	T	A	0.42%	0.77%	0.42%
	TGT	B	0.29%	0.65%	0.29%
	THC	C	0.02%	0.2%	0.02%
	THO	C	0.01%	0.21%	0.01%
	TJX	A	0.44%	0.42%	0.42%
	TMHC	B	0.02%	0.18%	0.02%
	TMUS	B	0.31%	0.75%	0.31%
	TOL	B	0.07%	0.25%	0.07%
	TPL	A	0.13%	0.03%	0.03%
	TPR	B	0.08%	0.14%	0.08%
	TT	A	0.14%	0.44%	0.14%
	UFPI	C	0.05%	0.37%	0.05%
	UHS	D	0.06%	0.1%	0.06%
	UNM	A	0.06%	0.28%	0.06%
	URI	B	0.2%	0.17%	0.17%
	UTHR	C	0.1%	0.37%	0.1%
	VERX	A	0.01%	0.1%	0.01%
	VFC	C	0.03%	0.07%	0.03%
	VLO	C	0.17%	0.85%	0.17%
	VNT	C	0.01%	0.13%	0.01%
	VTRS	A	0.09%	0.04%	0.04%
	VZ	C	0.45%	0.52%	0.45%
	WCC	B	0.07%	0.12%	0.07%
	WEX	F	0.01%	0.04%	0.01%
	WFC	A	0.55%	1.25%	0.55%
	WFRD	F	0.05%	0.22%	0.05%
	WMS	F	0.06%	0.07%	0.06%
	WMT	A	0.64%	0.78%	0.64%
	WRB	B	0.07%	0.33%	0.07%
	WSM	D	0.11%	0.28%	0.11%
	XOM	B	1.04%	0.47%	0.47%

AVLC Overweight 744 Positions Relative to VFMF

	Symbol	Grade	Weight
	AAPL	C	5.24%
	MSFT	D	4.39%
	AVGO	C	1.11%
	LLY	F	0.79%
	TSLA	A	0.78%
	BRK.A	B	0.67%
	MA	B	0.66%
	V	A	0.59%
	HD	A	0.58%
	NFLX	A	0.48%
	UNP	D	0.47%
	GS	B	0.44%
	ORCL	A	0.42%
	KO	D	0.4%
	PG	C	0.39%
	MELI	D	0.39%
	CMCSA	B	0.38%
	UNH	C	0.36%
	ADP	B	0.36%
	MS	A	0.35%
	LRCX	F	0.34%
	ADBE	D	0.33%
	ACN	C	0.32%
	AMD	F	0.31%
	NOW	B	0.3%
	DE	C	0.3%
	CSCO	B	0.3%
	WMB	A	0.29%
	TRGP	A	0.27%
	PEP	F	0.27%
	INTU	B	0.27%
	TRV	A	0.26%
	TXN	C	0.26%
	CSX	C	0.26%
	VRTX	D	0.25%
	MSI	B	0.23%
	COF	B	0.23%
	FTNT	B	0.23%
	GWW	B	0.23%
	USB	B	0.23%
	LNG	A	0.23%
	DAL	A	0.23%
	CMG	C	0.23%
	APD	A	0.22%
	NSC	B	0.22%
	CB	C	0.22%
	PNC	B	0.22%
	LIN	D	0.21%
	CMI	A	0.21%
	SCHW	A	0.21%
	ROST	D	0.21%
	ALL	A	0.2%
	GE	D	0.2%
	ABT	A	0.2%
	ZTS	D	0.2%
	F	C	0.2%
	OKE	A	0.2%
	FAST	B	0.2%
	PANW	B	0.19%
	TFC	A	0.19%
	UPS	C	0.19%
	HES	B	0.19%
	AMGN	D	0.19%
	UAL	A	0.19%
	PLTR	A	0.18%
	ISRG	A	0.18%
	DIS	B	0.18%
	PRU	B	0.18%
	BMY	A	0.18%
	BLK	B	0.18%
	BKR	B	0.18%
	PAYX	B	0.17%
	TSCO	D	0.17%
	NKE	F	0.17%
	MU	D	0.17%
	MCD	D	0.16%
	DUK	C	0.16%
	INTC	C	0.16%
	APP	A	0.16%
	ACGL	D	0.15%
	ADI	D	0.15%
	OXY	F	0.15%
	TMO	F	0.15%
	PFE	F	0.15%
	HON	B	0.15%
	KKR	A	0.15%
	LULU	C	0.15%
	REGN	F	0.14%
	DOW	F	0.14%
	AEP	C	0.14%
	SHW	C	0.14%
	DVN	F	0.14%
	MLM	B	0.14%
	ETN	B	0.14%
	ODFL	B	0.14%
	WM	B	0.13%
	SO	C	0.13%
	IP	A	0.13%
	VRT	A	0.13%
	CCL	A	0.13%
	DHR	D	0.13%
	HAL	C	0.13%
	VST	A	0.13%
	ELV	F	0.13%
	PCG	A	0.13%
	GEV	A	0.13%
	SYK	A	0.12%
	SNPS	C	0.12%
	MTB	A	0.12%
	CDNS	B	0.12%
	MDT	D	0.12%
	CME	A	0.12%
	ETR	A	0.12%
	FCNCA	A	0.12%
	MKL	A	0.12%
	CPNG	D	0.12%
	LOW	C	0.12%
	ITW	B	0.12%
	BSX	A	0.12%
	ON	F	0.12%
	VRSK	B	0.12%
	APH	B	0.12%
	HBAN	B	0.11%
	ULTA	F	0.11%
	BX	A	0.11%
	NTRS	A	0.11%
	MRVL	B	0.11%
	ADM	D	0.11%
	MRO	A	0.11%
	IDXX	F	0.11%
	XEL	A	0.11%
	CRWD	B	0.11%
	EQT	A	0.11%
	RJF	A	0.11%
	BURL	A	0.11%
	CEG	C	0.11%
	GRMN	B	0.1%
	DRI	C	0.1%
	CPRT	B	0.1%
	AON	B	0.1%
	TROW	B	0.1%
	PEG	C	0.1%
	FLEX	B	0.1%
	RPM	B	0.1%
	SW	A	0.1%
	LPLA	A	0.1%
	KMI	A	0.1%
	EXC	C	0.1%
	MCO	D	0.1%
	FSLR	F	0.1%
	MSTR	A	0.09%
	LVS	B	0.09%
	CVNA	A	0.09%
	SPGI	D	0.09%
	EXPD	D	0.09%
	ROP	C	0.09%
	MDLZ	F	0.09%
	MMC	D	0.09%
	SLB	C	0.09%
	GLW	B	0.09%
	SBUX	A	0.09%
	IT	C	0.09%
	HSY	F	0.09%
	EIX	C	0.09%
	PWR	A	0.09%
	UBER	F	0.09%
	ADSK	B	0.09%
	TXRH	B	0.09%
	LII	A	0.09%
	CNC	F	0.08%
	EG	D	0.08%
	EW	C	0.08%
	NXPI	F	0.08%
	JBHT	C	0.08%
	RGA	B	0.08%
	GDDY	A	0.08%
	LUV	B	0.08%
	FICO	B	0.08%
	RF	A	0.08%
	AEE	A	0.08%
	CTVA	C	0.08%
	WDAY	C	0.08%
	COIN	A	0.08%
	ED	C	0.08%
	NCLH	B	0.08%
	DFS	B	0.08%
	SQ	A	0.07%
	ICE	C	0.07%
	DTE	C	0.07%
	L	A	0.07%
	CINF	A	0.07%
	MOH	F	0.07%
	PAYC	B	0.07%
	ORLY	B	0.07%
	SAIA	C	0.07%
	DLTR	F	0.07%
	ABNB	D	0.07%
	SYY	D	0.07%
	POOL	D	0.07%
	PPL	A	0.07%
	NEE	C	0.07%
	TDG	D	0.07%
	SRE	A	0.07%
	ALLY	C	0.06%
	VLTO	C	0.06%
	KVUE	A	0.06%
	WAL	B	0.06%
	CMA	B	0.06%
	LECO	C	0.06%
	IFF	D	0.06%
	ATI	C	0.06%
	GL	C	0.06%
	BA	D	0.06%
	CMS	C	0.06%
	CARR	D	0.06%
	MANH	D	0.06%
	GNRC	B	0.06%
	AFG	A	0.06%
	CLX	A	0.06%
	A	F	0.06%
	BWXT	A	0.06%
	FIS	C	0.06%
	DCI	B	0.06%
	EA	A	0.06%
	DG	F	0.06%
	ANF	C	0.06%
	KEYS	C	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%
	ENSG	D	0.05%
	NOC	D	0.05%
	MSCI	B	0.05%
	ZM	B	0.05%
	CVS	F	0.05%
	TAP	B	0.05%
	TSN	B	0.05%
	MOS	D	0.05%
	FOXA	B	0.05%
	KDP	D	0.05%
	JLL	D	0.05%
	DXCM	C	0.05%
	AJG	B	0.05%
	KHC	F	0.05%
	RHI	C	0.05%
	PNW	B	0.05%
	WBS	A	0.05%
	MKTX	D	0.05%
	ZBH	C	0.05%
	HUM	D	0.05%
	WTFC	B	0.05%
	VMC	B	0.05%
	ATO	A	0.05%
	CHD	A	0.05%
	AAON	B	0.05%
	MCHP	F	0.05%
	D	C	0.05%
	GD	D	0.05%
	TER	F	0.05%
	SNOW	C	0.05%
	CDW	F	0.05%
	KMX	C	0.05%
	ALV	C	0.05%
	PPG	F	0.05%
	AXON	A	0.05%
	HUBS	B	0.05%
	DDOG	A	0.05%
	EVRG	A	0.05%
	TXT	D	0.05%
	VEEV	C	0.05%
	STZ	D	0.05%
	AIZ	A	0.05%
	WAT	C	0.05%
	ZION	B	0.05%
	IR	B	0.05%
	MAR	B	0.05%
	GGG	B	0.05%
	FYBR	C	0.05%
	WST	D	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%
	BDX	F	0.05%
	TEAM	A	0.05%
	NRG	B	0.05%
	HOOD	A	0.05%
	TTD	B	0.05%
	KNSL	B	0.05%
	EMR	A	0.05%
	HLT	A	0.05%
	CHTR	B	0.05%
	KEY	B	0.05%
	ATR	B	0.05%
	AGCO	F	0.04%
	ALNY	D	0.04%
	RSG	A	0.04%
	EVR	B	0.04%
	DTM	A	0.04%
	AWI	B	0.04%
	TWLO	A	0.04%
	LNT	A	0.04%
	STE	D	0.04%
	KNX	B	0.04%
	FMC	D	0.04%
	SNX	D	0.04%
	NBIX	C	0.04%
	ILMN	C	0.04%
	HUBB	B	0.04%
	JCI	B	0.04%
	XPO	B	0.04%
	XYL	D	0.04%
	YUM	D	0.04%
	IQV	F	0.04%
	DINO	D	0.04%
	LH	B	0.04%
	ROK	B	0.04%
	NET	B	0.04%
	ALGN	D	0.04%
	APTV	F	0.04%
	TYL	B	0.04%
	OGE	A	0.04%
	WCN	A	0.04%
	OTIS	C	0.04%
	HII	F	0.04%
	TREX	D	0.04%
	ITT	A	0.04%
	CSGP	F	0.04%
	WEC	A	0.04%
	AXTA	B	0.04%
	SOFI	A	0.04%
	CLH	C	0.04%
	BR	B	0.04%
	JKHY	D	0.04%
	JAZZ	C	0.04%
	FHN	A	0.04%
	WAB	B	0.04%
	ANSS	B	0.04%
	LSTR	D	0.04%
	EPAM	C	0.04%
	SF	B	0.04%
	FDS	B	0.04%
	CHX	C	0.04%
	CFR	B	0.04%
	EMN	D	0.04%
	GWRE	A	0.03%
	IBKR	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%
	G	B	0.03%
	MRNA	F	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%
	X	C	0.03%
	ROL	B	0.03%
	AFRM	A	0.03%
	BIIB	F	0.03%
	OLN	F	0.03%
	PEGA	B	0.03%
	NYT	D	0.03%
	ZS	B	0.03%
	CTLT	D	0.03%
	AWK	C	0.03%
	ZBRA	B	0.03%
	MTZ	A	0.03%
	MDB	C	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%
	BMRN	F	0.03%
	STX	D	0.03%
	MTD	F	0.03%
	LHX	B	0.03%
	WDC	F	0.03%
	AM	A	0.03%
	AKAM	F	0.03%
	HOLX	D	0.03%
	GNTX	F	0.03%
	EHC	B	0.03%
	RGLD	C	0.03%
	EXEL	B	0.03%
	TTWO	A	0.03%
	RIVN	F	0.03%
	GEHC	D	0.03%
	INCY	C	0.03%
	ESNT	D	0.03%
	MAT	D	0.03%
	SEIC	B	0.03%
	AA	A	0.03%
	GIS	F	0.03%
	DOV	B	0.03%
	PTC	B	0.03%
	K	B	0.03%
	ALK	A	0.03%
	CW	B	0.03%
	SSB	B	0.03%
	TTC	F	0.03%
	TDY	B	0.03%
	CIEN	B	0.03%
	BAH	D	0.03%
	WBD	B	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%
	AVY	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%
	MAS	D	0.02%
	RBC	A	0.02%
	TRU	D	0.02%
	OMC	C	0.02%
	SWK	F	0.02%
	CHH	A	0.02%
	QRVO	F	0.02%
	OKTA	D	0.02%
	HRL	D	0.02%
	ARMK	C	0.02%
	FCN	F	0.02%
	AZN	F	0.02%
	BAX	F	0.02%
	MDU	D	0.02%
	NVT	C	0.02%
	HOMB	A	0.02%
	OZK	B	0.02%
	WTW	B	0.02%
	FSS	B	0.02%
	ROKU	D	0.02%
	OLED	F	0.02%
	ONTO	F	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%
	ARES	A	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%
	LYV	A	0.02%
	MMSI	A	0.02%
	AMCR	D	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%
	VRSN	F	0.02%
	LW	C	0.02%
	EFX	F	0.02%
	EL	F	0.02%
	DT	C	0.02%
	CNP	A	0.02%
	NEM	D	0.02%
	ENTG	F	0.02%
	OSK	C	0.02%
	CSWI	A	0.02%
	PINS	F	0.02%
	FOX	A	0.02%
	HESM	A	0.02%
	PCVX	D	0.02%
	NTRA	A	0.02%
	NDAQ	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%
	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%
	RPRX	F	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%
	GFS	C	0.01%
	SNAP	D	0.01%
	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%
	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%
	SUM	B	0.01%
	ALTR	B	0.01%
	WYNN	D	0.01%
	CACC	F	0.01%
	PEN	B	0.01%
	WTRG	B	0.01%
	CAG	F	0.01%
	CPB	D	0.01%
	DKNG	B	0.01%
	NDSN	D	0.01%
	GXO	B	0.01%
	HQY	A	0.01%
	PATH	C	0.01%
	AVAV	C	0.01%
	HXL	F	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%
	SSNC	C	0.01%
	DBX	C	0.01%
	VRNS	D	0.01%
	LKQ	F	0.01%
	DUOL	A	0.01%
	MTCH	F	0.01%
	BSY	D	0.01%
	BECN	B	0.01%
	USFD	A	0.01%
	APPF	C	0.01%
	AVTR	F	0.01%
	PARA	D	0.01%
	MARA	C	0.01%
	SJM	D	0.01%
	GPN	C	0.01%
	J	D	0.01%
	RYAN	B	0.01%
	SRPT	F	0.01%
	RBLX	B	0.01%
	MTSI	B	0.01%
	KBR	F	0.01%
	IDA	A	0.01%
	XP	F	0.01%
	LEVI	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%
	ENPH	F	0.01%
	DGX	A	0.01%
	NFG	A	0.01%
	LUMN	C	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%
	MKC	D	0.01%
	WSC	F	0.01%
	GKOS	A	0.01%
	PFSI	C	0.01%
	SITE	D	0.01%
	WING	D	0.01%
	IOT	A	0.01%
	VKTX	F	0.01%
	AL	B	0.01%
	PBF	D	0.01%
	FTV	D	0.01%
	ELAN	D	0.01%
	FIVE	F	0.01%
	SMCI	F	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%
	DPZ	C	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%
	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%
	SIRI	D	0.0%
	WBA	F	0.0%
	SAM	C	0.0%
	UGI	C	0.0%
	BRZE	C	0.0%
	BBIO	F	0.0%
	GBCI	B	0.0%
	UHAL	D	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%
	FIZZ	C	0.0%
	CWEN	C	0.0%
	TDC	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%
	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%
	COLB	B	0.0%
	POST	C	0.0%
	ETSY	D	0.0%
	BFAM	F	0.0%
	XRAY	D	0.0%
	REYN	D	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 238 Positions Relative to VFMF

	Symbol	Grade	Weight
	OFG	B	-0.64%
	FBP	B	-0.5%
	COLL	F	-0.46%
	SLM	B	-0.41%
	CNO	B	-0.4%
	AMAL	B	-0.39%
	KELYA	F	-0.36%
	ANDE	F	-0.34%
	PRDO	B	-0.34%
	EIG	B	-0.34%
	IBOC	B	-0.34%
	SCS	B	-0.32%
	CPF	B	-0.31%
	NMIH	D	-0.31%
	CASH	B	-0.3%
	NTB	B	-0.3%
	SIG	C	-0.3%
	GIII	D	-0.3%
	GFF	B	-0.29%
	SRCE	B	-0.28%
	CALM	A	-0.28%
	TK	D	-0.27%
	EAT	A	-0.26%
	TPC	C	-0.26%
	MHO	D	-0.25%
	FCF	B	-0.25%
	PFBC	B	-0.25%
	WSFS	B	-0.24%
	PHIN	B	-0.24%
	ASO	F	-0.24%
	VIRT	A	-0.23%
	MLKN	F	-0.23%
	WTTR	A	-0.23%
	MBIN	F	-0.22%
	GNW	A	-0.21%
	SIGA	F	-0.21%
	CVCO	A	-0.2%
	AX	B	-0.2%
	CAL	F	-0.2%
	AMWD	C	-0.2%
	ASC	D	-0.2%
	GMS	B	-0.2%
	AMRX	C	-0.19%
	AHCO	D	-0.19%
	ATGE	B	-0.19%
	HWKN	B	-0.19%
	STNG	D	-0.18%
	VCTR	B	-0.18%
	PLUS	F	-0.18%
	TILE	B	-0.18%
	IMKTA	C	-0.18%
	BELFB	C	-0.18%
	REVG	B	-0.18%
	PATK	D	-0.18%
	TEX	D	-0.18%
	IESC	A	-0.18%
	PINC	B	-0.18%
	CNOB	B	-0.18%
	BLX	B	-0.18%
	HP	C	-0.18%
	SKYW	B	-0.17%
	DLX	B	-0.17%
	AEO	F	-0.17%
	PLAB	D	-0.17%
	MRC	B	-0.17%
	WMK	B	-0.16%
	BV	C	-0.16%
	STBA	B	-0.16%
	TBBK	B	-0.16%
	IDT	B	-0.16%
	GNK	D	-0.16%
	OMI	F	-0.16%
	SXC	A	-0.16%
	ASB	B	-0.16%
	KTB	A	-0.15%
	DHT	D	-0.15%
	CRC	A	-0.15%
	TNL	B	-0.15%
	SCSC	B	-0.15%
	SLVM	C	-0.15%
	CHCO	B	-0.15%
	WABC	B	-0.14%
	DAKT	B	-0.14%
	ETD	D	-0.14%
	NR	C	-0.14%
	CNXN	D	-0.14%
	ABCB	B	-0.14%
	TNK	F	-0.14%
	MCY	B	-0.14%
	BBW	B	-0.14%
	PUMP	D	-0.14%
	ENS	D	-0.14%
	HAFC	B	-0.13%
	SPOK	B	-0.13%
	HBI	B	-0.13%
	HCC	B	-0.13%
	TPH	D	-0.13%
	NMRK	B	-0.13%
	INSW	F	-0.12%
	DNOW	B	-0.12%
	PTGX	D	-0.12%
	KNTK	A	-0.12%
	ROCK	D	-0.12%
	BHLB	B	-0.12%
	ZEUS	C	-0.12%
	FIBK	B	-0.12%
	CBU	B	-0.12%
	CPRX	C	-0.12%
	HWC	B	-0.12%
	UA	C	-0.12%
	CYH	F	-0.12%
	IMMR	F	-0.12%
	URBN	C	-0.12%
	AGX	B	-0.12%
	SPTN	F	-0.11%
	SCHL	F	-0.11%
	LPG	F	-0.11%
	SBSI	B	-0.11%
	CEIX	A	-0.11%
	REX	D	-0.11%
	CNX	A	-0.11%
	AMR	C	-0.11%
	MATX	B	-0.11%
	ITRI	B	-0.1%
	GRBK	D	-0.1%
	QCRH	B	-0.1%
	WHD	B	-0.1%
	FLWS	F	-0.1%
	LRN	A	-0.1%
	SANM	B	-0.1%
	CDNA	D	-0.1%
	AZZ	A	-0.1%
	GRND	A	-0.09%
	APOG	B	-0.09%
	OXM	F	-0.09%
	NAVI	F	-0.09%
	GPOR	A	-0.09%
	WLY	B	-0.09%
	DXPE	B	-0.09%
	JELD	F	-0.09%
	INDB	B	-0.09%
	FDP	B	-0.08%
	PSMT	D	-0.08%
	SFNC	B	-0.08%
	ARCB	C	-0.08%
	SD	F	-0.08%
	HSTM	A	-0.08%
	ACCO	B	-0.08%
	UPBD	C	-0.08%
	DOLE	D	-0.07%
	USAP	A	-0.07%
	DESP	A	-0.07%
	MTUS	D	-0.07%
	ZIMV	F	-0.07%
	PLPC	B	-0.07%
	EPC	F	-0.07%
	BBSI	B	-0.07%
	HVT	D	-0.07%
	JWN	C	-0.07%
	STRL	A	-0.07%
	NTGR	A	-0.07%
	IDCC	B	-0.07%
	RES	F	-0.07%
	LZB	B	-0.07%
	NHC	B	-0.06%
	UTI	A	-0.06%
	LOPE	B	-0.06%
	GOGL	C	-0.06%
	CENTA	C	-0.06%
	JILL	D	-0.06%
	WU	F	-0.06%
	FRME	B	-0.06%
	CATY	B	-0.06%
	HNI	B	-0.06%
	NAT	F	-0.06%
	AGM	B	-0.06%
	OSUR	F	-0.05%
	TCBI	B	-0.05%
	GRNT	B	-0.05%
	CLW	F	-0.05%
	NOG	B	-0.05%
	BKE	B	-0.05%
	LBRT	F	-0.05%
	UFPT	C	-0.05%
	SCVL	F	-0.05%
	NX	C	-0.05%
	BTU	C	-0.05%
	ZUMZ	C	-0.05%
	SUPN	B	-0.05%
	YOU	D	-0.05%
	PRK	B	-0.05%
	MD	C	-0.05%
	ADMA	C	-0.05%
	LQDT	A	-0.05%
	OSBC	B	-0.05%
	LYTS	A	-0.05%
	SMLR	B	-0.04%
	CTS	C	-0.04%
	HOV	D	-0.04%
	HEES	C	-0.04%
	WGO	D	-0.04%
	GOLF	B	-0.04%
	HSII	B	-0.04%
	STGW	B	-0.04%
	SXI	B	-0.04%
	BKU	A	-0.04%
	KFRC	D	-0.04%
	MCRI	A	-0.04%
	MBUU	C	-0.04%
	NSSC	F	-0.04%
	TNC	F	-0.04%
	SHOO	D	-0.04%
	GEO	A	-0.04%
	PRMW	C	-0.04%
	EFSC	B	-0.04%
	CRAI	B	-0.04%
	ATEN	A	-0.03%
	GPI	B	-0.03%
	UVSP	B	-0.03%
	BSIG	A	-0.03%
	STRA	C	-0.03%
	PRLB	C	-0.03%
	KMT	C	-0.03%
	MOV	D	-0.03%
	CCRN	F	-0.03%
	HFWA	B	-0.03%
	BRY	F	-0.03%
	EPAC	B	-0.03%
	TCBK	B	-0.03%
	WNC	D	-0.03%
	INGN	C	-0.02%
	VRA	D	-0.02%
	RGP	F	-0.02%
	BUSE	B	-0.02%
	MAN	F	-0.02%
	PEBO	B	-0.02%
	SB	D	-0.02%
	MBWM	B	-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

VFMF: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Specialty Retail Residential Construction Shipping & Ports Asset Management Building Materials Oil & Gas Equipment & Services Apparel Manufacturing Credit Services Diversified Industrials Apparel Stores Business Services Electronic Components Software - Application Steel Banks - Global Biotechnology Education & Training Services Engineering & Construction

Keywords: S&P 500 Bank Banking Deposit Products Insurance Clothing Computing Construction Mining Natural Gas Nasdaq 100 Aerospace Building Materials Chemical Retail Store Commercial Banking Electronics Fashion Insurance Products Investment Management