AVLC vs. VLU ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to SPDR S&P 1500 Value Tilt ETF (VLU)

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

$69.40

Average Daily Volume

18,661

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index (the "index"). The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$191.58

Average Daily Volume

7,691

Number of Holdings ^*

1418

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	VLU
30 Days	3.57%	3.24%
60 Days	7.86%	6.80%
90 Days	11.11%	10.25%
12 Months	36.92%	34.45%

786 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in VLU	Overlap
	A	F	0.06%	0.03%	0.03%
	AA	C	0.04%	0.04%	0.04%
	AAL	B	0.01%	0.08%	0.01%
	AAON	B	0.04%	0.0%	0.0%
	AAPL	D	5.32%	2.41%	2.41%
	ABBV	D	0.45%	0.45%	0.45%
	ABNB	C	0.08%	0.07%	0.07%
	ABT	B	0.2%	0.24%	0.2%
	ACGL	D	0.14%	0.11%	0.11%
	ACHC	F	0.01%	0.01%	0.01%
	ACM	B	0.02%	0.03%	0.02%
	ACN	C	0.31%	0.31%	0.31%
	ADBE	C	0.31%	0.16%	0.16%
	ADI	D	0.16%	0.14%	0.14%
	ADM	F	0.11%	0.21%	0.11%
	ADP	A	0.36%	0.09%	0.09%
	ADSK	B	0.09%	0.03%	0.03%
	AEE	A	0.08%	0.08%	0.08%
	AEP	D	0.14%	0.16%	0.14%
	AES	F	0.06%	0.04%	0.04%
	AFG	B	0.06%	0.08%	0.06%
	AFL	C	0.19%	0.2%	0.19%
	AGCO	F	0.04%	0.03%	0.03%
	AGO	B	0.0%	0.02%	0.0%
	AIG	C	0.21%	0.24%	0.21%
	AIT	A	0.05%	0.02%	0.02%
	AIZ	A	0.05%	0.04%	0.04%
	AJG	B	0.05%	0.05%	0.05%
	AKAM	F	0.04%	0.03%	0.03%
	AL	B	0.01%	0.04%	0.01%
	ALB	C	0.01%	0.04%	0.01%
	ALGM	F	0.0%	0.01%	0.0%
	ALGN	D	0.04%	0.02%	0.02%
	ALK	A	0.03%	0.05%	0.03%
	ALKS	B	0.0%	0.01%	0.0%
	ALL	A	0.19%	0.15%	0.15%
	ALLE	D	0.02%	0.02%	0.02%
	ALLY	C	0.06%	0.09%	0.06%
	ALV	C	0.05%	0.02%	0.02%
	AM	B	0.03%	0.02%	0.02%
	AMAT	F	0.38%	0.12%	0.12%
	AMCR	D	0.02%	0.05%	0.02%
	AMD	F	0.34%	0.13%	0.13%
	AME	A	0.05%	0.04%	0.04%
	AMG	C	0.0%	0.02%	0.0%
	AMGN	F	0.21%	0.26%	0.21%
	AMKR	F	0.02%	0.02%	0.02%
	AMP	A	0.26%	0.12%	0.12%
	AMZN	B	2.98%	2.1%	2.1%
	AN	D	0.01%	0.04%	0.01%
	ANET	C	0.17%	0.08%	0.08%
	ANF	D	0.06%	0.01%	0.01%
	ANSS	B	0.04%	0.03%	0.03%
	AON	A	0.09%	0.07%	0.07%
	AOS	F	0.04%	0.01%	0.01%
	APA	F	0.03%	0.04%	0.03%
	APD	B	0.22%	0.14%	0.14%
	APH	B	0.13%	0.06%	0.06%
	APTV	F	0.04%	0.05%	0.04%
	AR	B	0.03%	0.04%	0.03%
	ARMK	C	0.02%	0.05%	0.02%
	ARW	F	0.05%	0.06%	0.05%
	ATI	D	0.06%	0.02%	0.02%
	ATO	A	0.05%	0.07%	0.05%
	ATR	A	0.05%	0.01%	0.01%
	AVAV	C	0.01%	0.01%	0.01%
	AVGO	B	1.18%	0.46%	0.46%
	AVY	F	0.03%	0.02%	0.02%
	AWI	A	0.04%	0.01%	0.01%
	AWK	D	0.03%	0.05%	0.03%
	AXON	B	0.04%	0.01%	0.01%
	AXP	B	0.4%	0.35%	0.35%
	AXTA	B	0.04%	0.02%	0.02%
	AYI	A	0.04%	0.01%	0.01%
	AZO	C	0.05%	0.06%	0.05%
	BA	F	0.06%	0.17%	0.06%
	BAC	A	0.41%	1.49%	0.41%
	BALL	D	0.06%	0.04%	0.04%
	BAX	F	0.02%	0.06%	0.02%
	BBWI	C	0.01%	0.02%	0.01%
	BBY	D	0.12%	0.15%	0.12%
	BC	D	0.02%	0.02%	0.02%
	BCC	B	0.03%	0.02%	0.02%
	BCPC	B	0.01%	0.01%	0.01%
	BDX	D	0.05%	0.08%	0.05%
	BEN	C	0.01%	0.05%	0.01%
	BERY	C	0.01%	0.04%	0.01%
	BG	D	0.08%	0.11%	0.08%
	BIIB	F	0.03%	0.08%	0.03%
	BIO	C	0.01%	0.03%	0.01%
	BJ	B	0.08%	0.03%	0.03%
	BK	B	0.18%	0.28%	0.18%
	BKNG	A	0.13%	0.12%	0.12%
	BKR	B	0.18%	0.12%	0.12%
	BLD	F	0.03%	0.02%	0.02%
	BLDR	D	0.07%	0.05%	0.05%
	BMI	B	0.02%	0.0%	0.0%
	BMY	B	0.17%	0.34%	0.17%
	BR	A	0.04%	0.02%	0.02%
	BRBR	A	0.01%	0.01%	0.01%
	BRK.A	C	0.66%	2.36%	0.66%
	BRKR	F	0.02%	0.01%	0.01%
	BRO	A	0.02%	0.04%	0.02%
	BSX	A	0.12%	0.11%	0.11%
	BURL	C	0.11%	0.03%	0.03%
	BWA	B	0.05%	0.07%	0.05%
	BWXT	A	0.06%	0.01%	0.01%
	BX	B	0.1%	0.13%	0.1%
	BYD	A	0.01%	0.02%	0.01%
	C	B	0.22%	1.11%	0.22%
	CACI	B	0.01%	0.04%	0.01%
	CADE	B	0.02%	0.03%	0.02%
	CAG	F	0.01%	0.07%	0.01%
	CAH	B	0.03%	0.25%	0.03%
	CAR	C	0.0%	0.02%	0.0%
	CARR	D	0.06%	0.08%	0.06%
	CASY	A	0.08%	0.03%	0.03%
	CAT	B	0.55%	0.25%	0.25%
	CB	D	0.22%	0.32%	0.22%
	CBOE	D	0.03%	0.03%	0.03%
	CBRE	B	0.06%	0.08%	0.06%
	CBSH	A	0.04%	0.02%	0.02%
	CBT	B	0.05%	0.02%	0.02%
	CCK	B	0.02%	0.03%	0.02%
	CCL	A	0.12%	0.2%	0.12%
	CDNS	B	0.12%	0.03%	0.03%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.01%	0.03%	0.01%
	CEG	D	0.12%	0.04%	0.04%
	CELH	F	0.02%	0.0%	0.0%
	CF	B	0.09%	0.06%	0.06%
	CFG	B	0.08%	0.18%	0.08%
	CFR	B	0.04%	0.03%	0.03%
	CG	B	0.02%	0.02%	0.02%
	CGNX	B	0.02%	0.01%	0.01%
	CHD	B	0.05%	0.03%	0.03%
	CHDN	C	0.02%	0.01%	0.01%
	CHE	D	0.02%	0.01%	0.01%
	CHH	B	0.02%	0.01%	0.01%
	CHRD	F	0.05%	0.07%	0.05%
	CHRW	B	0.02%	0.06%	0.02%
	CHTR	B	0.05%	0.33%	0.05%
	CHX	D	0.04%	0.01%	0.01%
	CI	D	0.07%	0.33%	0.07%
	CIEN	B	0.03%	0.02%	0.02%
	CINF	A	0.07%	0.07%	0.07%
	CIVI	F	0.04%	0.04%	0.04%
	CL	F	0.18%	0.09%	0.09%
	CLF	D	0.04%	0.02%	0.02%
	CLH	B	0.04%	0.03%	0.03%
	CLX	B	0.06%	0.03%	0.03%
	CMA	B	0.06%	0.08%	0.06%
	CMC	B	0.04%	0.03%	0.03%
	CMCSA	B	0.38%	0.64%	0.38%
	CME	B	0.11%	0.1%	0.1%
	CMG	B	0.23%	0.04%	0.04%
	CMI	B	0.2%	0.13%	0.13%
	CMS	D	0.06%	0.05%	0.05%
	CNC	F	0.08%	0.28%	0.08%
	CNM	D	0.02%	0.01%	0.01%
	CNP	B	0.02%	0.07%	0.02%
	CNXC	F	0.0%	0.02%	0.0%
	COF	B	0.23%	0.6%	0.23%
	COHR	B	0.03%	0.04%	0.03%
	COKE	D	0.06%	0.03%	0.03%
	COLB	B	0.0%	0.05%	0.0%
	COOP	B	0.02%	0.05%	0.02%
	COP	C	0.38%	0.41%	0.38%
	COR	A	0.09%	0.37%	0.09%
	COST	B	0.93%	0.28%	0.28%
	COTY	F	0.0%	0.01%	0.0%
	CPAY	A	0.04%	0.04%	0.04%
	CPB	F	0.01%	0.04%	0.01%
	CPRT	B	0.09%	0.03%	0.03%
	CR	B	0.01%	0.03%	0.01%
	CRL	C	0.01%	0.01%	0.01%
	CRM	B	0.4%	0.26%	0.26%
	CROX	F	0.05%	0.01%	0.01%
	CRS	B	0.04%	0.02%	0.02%
	CRUS	F	0.04%	0.01%	0.01%
	CRVL	B	0.0%	0.0%	0.0%
	CSCO	A	0.3%	0.51%	0.3%
	CSGP	D	0.04%	0.02%	0.02%
	CSL	C	0.13%	0.03%	0.03%
	CSX	B	0.26%	0.1%	0.1%
	CTAS	A	0.11%	0.04%	0.04%
	CTLT	C	0.03%	0.01%	0.01%
	CTRA	C	0.1%	0.06%	0.06%
	CTSH	A	0.12%	0.11%	0.11%
	CTVA	C	0.08%	0.09%	0.08%
	CVLT	B	0.03%	0.01%	0.01%
	CVS	F	0.05%	0.61%	0.05%
	CVX	B	0.63%	1.32%	0.63%
	CW	B	0.03%	0.02%	0.02%
	CWEN	D	0.0%	0.01%	0.0%
	CWEN	D	0.01%	0.01%	0.01%
	CWEN	D	0.01%	0.02%	0.01%
	CWEN	D	0.0%	0.02%	0.0%
	CYTK	C	0.01%	0.0%	0.0%
	CZR	D	0.0%	0.03%	0.0%
	D	D	0.05%	0.23%	0.05%
	DAL	A	0.22%	0.33%	0.22%
	DAR	B	0.02%	0.02%	0.02%
	DAY	B	0.0%	0.01%	0.0%
	DBX	B	0.01%	0.01%	0.01%
	DCI	A	0.06%	0.01%	0.01%
	DD	D	0.07%	0.18%	0.07%
	DE	D	0.32%	0.22%	0.22%
	DECK	B	0.16%	0.02%	0.02%
	DFS	B	0.08%	0.16%	0.08%
	DG	F	0.06%	0.05%	0.05%
	DGX	A	0.01%	0.05%	0.01%
	DHI	D	0.12%	0.11%	0.11%
	DHR	F	0.13%	0.11%	0.11%
	DINO	D	0.04%	0.06%	0.04%
	DIS	C	0.17%	0.27%	0.17%
	DKS	D	0.08%	0.03%	0.03%
	DLB	C	0.01%	0.01%	0.01%
	DLTR	F	0.07%	0.04%	0.04%
	DOCS	B	0.02%	0.01%	0.01%
	DOV	A	0.03%	0.04%	0.03%
	DOW	F	0.15%	0.17%	0.15%
	DPZ	C	0.02%	0.01%	0.01%
	DRI	B	0.1%	0.04%	0.04%
	DT	C	0.02%	0.01%	0.01%
	DTE	D	0.07%	0.09%	0.07%
	DTM	A	0.03%	0.03%	0.03%
	DUK	D	0.16%	0.32%	0.16%
	DVA	C	0.01%	0.06%	0.01%
	DVN	F	0.14%	0.12%	0.12%
	DXC	B	0.0%	0.03%	0.0%
	DXCM	C	0.04%	0.01%	0.01%
	DY	C	0.03%	0.01%	0.01%
	EA	A	0.06%	0.05%	0.05%
	EBAY	D	0.14%	0.08%	0.08%
	ECL	D	0.06%	0.04%	0.04%
	ED	D	0.09%	0.12%	0.09%
	EEFT	C	0.0%	0.01%	0.0%
	EFX	D	0.02%	0.02%	0.02%
	EG	D	0.07%	0.08%	0.07%
	EHC	B	0.03%	0.02%	0.02%
	EIX	D	0.09%	0.1%	0.09%
	EL	F	0.02%	0.03%	0.02%
	ELF	C	0.0%	0.0%	0.0%
	ELV	F	0.14%	0.31%	0.14%
	EMBC	B	0.0%	0.0%	0.0%
	EME	B	0.15%	0.03%	0.03%
	EMN	D	0.05%	0.04%	0.04%
	EMR	A	0.05%	0.16%	0.05%
	ENPH	F	0.01%	0.01%	0.01%
	ENSG	C	0.05%	0.01%	0.01%
	EOG	B	0.28%	0.22%	0.22%
	EPAM	C	0.04%	0.01%	0.01%
	EQH	B	0.09%	0.07%	0.07%
	EQT	A	0.1%	0.12%	0.1%
	ERIE	F	0.03%	0.02%	0.02%
	ES	F	0.02%	0.08%	0.02%
	ESAB	B	0.01%	0.01%	0.01%
	ESNT	D	0.03%	0.02%	0.02%
	ETN	A	0.14%	0.12%	0.12%
	ETR	B	0.12%	0.15%	0.12%
	ETSY	C	0.0%	0.01%	0.0%
	EVR	B	0.04%	0.02%	0.02%
	EVRG	A	0.05%	0.07%	0.05%
	EW	F	0.08%	0.03%	0.03%
	EWBC	A	0.08%	0.05%	0.05%
	EXC	D	0.1%	0.19%	0.1%
	EXEL	B	0.03%	0.02%	0.02%
	EXLS	A	0.02%	0.01%	0.01%
	EXP	B	0.08%	0.01%	0.01%
	EXPD	F	0.09%	0.04%	0.04%
	EXPE	B	0.04%	0.05%	0.04%
	EXPO	D	0.03%	0.0%	0.0%
	F	C	0.2%	0.36%	0.2%
	FAF	D	0.03%	0.03%	0.03%
	FANG	D	0.17%	0.11%	0.11%
	FAST	B	0.2%	0.04%	0.04%
	FBIN	F	0.02%	0.02%	0.02%
	FCN	D	0.02%	0.01%	0.01%
	FCX	F	0.21%	0.09%	0.09%
	FDS	A	0.04%	0.01%	0.01%
	FDX	B	0.25%	0.24%	0.24%
	FE	D	0.02%	0.06%	0.02%
	FFIN	B	0.0%	0.01%	0.0%
	FFIV	B	0.03%	0.02%	0.02%
	FHN	B	0.04%	0.05%	0.04%
	FI	A	0.07%	0.15%	0.07%
	FICO	A	0.07%	0.02%	0.02%
	FIS	C	0.06%	0.1%	0.06%
	FITB	A	0.13%	0.12%	0.12%
	FIVE	F	0.02%	0.0%	0.0%
	FIX	B	0.1%	0.01%	0.01%
	FIZZ	B	0.0%	0.01%	0.0%
	FLO	F	0.0%	0.02%	0.0%
	FLR	C	0.02%	0.03%	0.02%
	FLS	B	0.02%	0.02%	0.02%
	FMC	F	0.04%	0.03%	0.03%
	FN	B	0.04%	0.01%	0.01%
	FNB	A	0.0%	0.03%	0.0%
	FND	F	0.05%	0.01%	0.01%
	FNF	C	0.08%	0.07%	0.07%
	FOX	A	0.02%	0.05%	0.02%
	FOXA	A	0.04%	0.09%	0.04%
	FSLR	F	0.11%	0.03%	0.03%
	FSS	C	0.02%	0.01%	0.01%
	FTNT	A	0.19%	0.04%	0.04%
	FTV	D	0.01%	0.03%	0.01%
	FYBR	D	0.05%	0.04%	0.04%
	G	B	0.02%	0.02%	0.02%
	GAP	C	0.04%	0.04%	0.04%
	GBCI	B	0.0%	0.02%	0.0%
	GD	A	0.05%	0.22%	0.05%
	GDDY	A	0.07%	0.03%	0.03%
	GE	C	0.19%	0.27%	0.19%
	GEHC	D	0.03%	0.03%	0.03%
	GGG	B	0.05%	0.01%	0.01%
	GILD	B	0.38%	0.38%	0.38%
	GIS	F	0.03%	0.1%	0.03%
	GKOS	A	0.01%	0.0%	0.0%
	GL	B	0.06%	0.04%	0.04%
	GLW	B	0.09%	0.1%	0.09%
	GM	B	0.29%	0.53%	0.29%
	GME	C	0.02%	0.03%	0.02%
	GMED	B	0.03%	0.02%	0.02%
	GNRC	B	0.06%	0.02%	0.02%
	GNTX	C	0.03%	0.01%	0.01%
	GOOG	B	1.32%	1.2%	1.2%
	GOOGL	B	1.59%	0.75%	0.75%
	GPC	D	0.06%	0.05%	0.05%
	GPK	D	0.06%	0.03%	0.03%
	GPN	B	0.01%	0.06%	0.01%
	GRMN	A	0.09%	0.07%	0.07%
	GS	B	0.43%	0.57%	0.43%
	GTLS	A	0.01%	0.01%	0.01%
	GWW	B	0.23%	0.06%	0.06%
	GXO	B	0.01%	0.02%	0.01%
	H	C	0.01%	0.02%	0.01%
	HAL	D	0.13%	0.07%	0.07%
	HALO	B	0.03%	0.01%	0.01%
	HAS	D	0.02%	0.03%	0.02%
	HBAN	A	0.11%	0.12%	0.11%
	HCA	D	0.06%	0.18%	0.06%
	HD	B	0.56%	0.5%	0.5%
	HES	C	0.19%	0.06%	0.06%
	HIG	C	0.19%	0.13%	0.13%
	HII	D	0.04%	0.02%	0.02%
	HLI	B	0.02%	0.01%	0.01%
	HLT	A	0.05%	0.02%	0.02%
	HOLX	D	0.03%	0.02%	0.02%
	HOMB	A	0.02%	0.02%	0.02%
	HON	B	0.14%	0.21%	0.14%
	HPE	B	0.08%	0.24%	0.08%
	HPQ	B	0.05%	0.31%	0.05%
	HQY	A	0.01%	0.01%	0.01%
	HRB	D	0.04%	0.03%	0.03%
	HRL	F	0.02%	0.07%	0.02%
	HSIC	F	0.01%	0.03%	0.01%
	HSY	D	0.09%	0.05%	0.05%
	HUBB	B	0.04%	0.03%	0.03%
	HUM	F	0.05%	0.17%	0.05%
	HWM	B	0.05%	0.04%	0.04%
	HXL	D	0.01%	0.01%	0.01%
	IBKR	A	0.02%	0.05%	0.02%
	IBM	D	0.27%	0.43%	0.27%
	IBP	F	0.03%	0.01%	0.01%
	ICE	D	0.07%	0.11%	0.07%
	IDA	A	0.01%	0.02%	0.01%
	IDXX	D	0.11%	0.02%	0.02%
	IEX	B	0.03%	0.01%	0.01%
	IFF	F	0.06%	0.05%	0.05%
	ILMN	C	0.04%	0.03%	0.03%
	INCY	B	0.03%	0.03%	0.03%
	INGR	B	0.07%	0.04%	0.04%
	INTC	C	0.17%	0.35%	0.17%
	INTU	A	0.26%	0.06%	0.06%
	IP	B	0.13%	0.17%	0.13%
	IPG	F	0.01%	0.04%	0.01%
	IPGP	C	0.0%	0.01%	0.0%
	IQV	F	0.04%	0.05%	0.04%
	IR	A	0.05%	0.02%	0.02%
	ISRG	A	0.17%	0.1%	0.1%
	IT	A	0.09%	0.03%	0.03%
	ITT	A	0.04%	0.01%	0.01%
	ITW	B	0.12%	0.09%	0.09%
	IVZ	C	0.02%	0.07%	0.02%
	J	B	0.01%	0.04%	0.01%
	JAZZ	B	0.04%	0.02%	0.02%
	JBHT	B	0.08%	0.03%	0.03%
	JBL	B	0.11%	0.05%	0.05%
	JCI	B	0.04%	0.15%	0.04%
	JEF	B	0.08%	0.06%	0.06%
	JHG	B	0.02%	0.05%	0.02%
	JKHY	C	0.04%	0.01%	0.01%
	JLL	C	0.05%	0.05%	0.05%
	JNJ	F	0.6%	0.79%	0.6%
	JNPR	C	0.02%	0.03%	0.02%
	JPM	B	1.17%	1.46%	1.17%
	JXN	B	0.07%	0.07%	0.07%
	K	A	0.03%	0.08%	0.03%
	KBH	D	0.04%	0.02%	0.02%
	KBR	B	0.01%	0.02%	0.01%
	KD	B	0.04%	0.03%	0.03%
	KDP	D	0.05%	0.12%	0.05%
	KEX	A	0.04%	0.02%	0.02%
	KEY	B	0.06%	0.15%	0.06%
	KEYS	B	0.07%	0.04%	0.04%
	KHC	F	0.05%	0.25%	0.05%
	KLAC	F	0.22%	0.05%	0.05%
	KLG	D	0.0%	0.01%	0.0%
	KMB	F	0.14%	0.1%	0.1%
	KMI	A	0.1%	0.44%	0.1%
	KMX	C	0.05%	0.04%	0.04%
	KNSL	C	0.05%	0.0%	0.0%
	KNX	B	0.04%	0.03%	0.03%
	KO	F	0.4%	0.37%	0.37%
	KR	A	0.2%	0.34%	0.2%
	KVUE	A	0.06%	0.22%	0.06%
	L	B	0.07%	0.13%	0.07%
	LAD	B	0.03%	0.09%	0.03%
	LANC	B	0.02%	0.01%	0.01%
	LDOS	A	0.03%	0.05%	0.03%
	LEA	F	0.03%	0.05%	0.03%
	LECO	B	0.06%	0.01%	0.01%
	LEN	D	0.18%	0.13%	0.13%
	LEN	D	0.01%	0.13%	0.01%
	LFUS	D	0.02%	0.01%	0.01%
	LH	B	0.04%	0.06%	0.04%
	LHX	B	0.03%	0.1%	0.03%
	LII	B	0.1%	0.02%	0.02%
	LIN	D	0.21%	0.19%	0.19%
	LKQ	D	0.01%	0.03%	0.01%
	LLY	D	0.78%	0.2%	0.2%
	LMT	D	0.22%	0.33%	0.22%
	LNC	B	0.01%	0.05%	0.01%
	LNT	C	0.03%	0.04%	0.03%
	LNTH	F	0.06%	0.01%	0.01%
	LNW	C	0.02%	0.02%	0.02%
	LOW	B	0.12%	0.23%	0.12%
	LPX	A	0.06%	0.02%	0.02%
	LRCX	F	0.37%	0.08%	0.08%
	LSCC	C	0.01%	0.0%	0.0%
	LSTR	B	0.04%	0.01%	0.01%
	LULU	C	0.15%	0.03%	0.03%
	LUMN	B	0.01%	0.08%	0.01%
	LUV	B	0.08%	0.16%	0.08%
	LVS	C	0.09%	0.07%	0.07%
	LW	C	0.02%	0.01%	0.01%
	LYB	F	0.12%	0.19%	0.12%
	LYV	A	0.02%	0.04%	0.02%
	M	D	0.02%	0.04%	0.02%
	MA	A	0.65%	0.13%	0.13%
	MANH	C	0.06%	0.0%	0.0%
	MAR	A	0.05%	0.09%	0.05%
	MAS	D	0.02%	0.03%	0.02%
	MASI	B	0.02%	0.01%	0.01%
	MAT	C	0.03%	0.01%	0.01%
	MCD	D	0.16%	0.15%	0.15%
	MCHP	F	0.05%	0.05%	0.05%
	MCK	B	0.07%	0.39%	0.07%
	MCO	C	0.1%	0.04%	0.04%
	MDLZ	F	0.09%	0.18%	0.09%
	MDT	D	0.12%	0.32%	0.12%
	MDU	F	0.02%	0.02%	0.02%
	MEDP	D	0.02%	0.01%	0.01%
	MET	C	0.2%	0.41%	0.2%
	META	B	2.31%	1.78%	1.78%
	MGM	F	0.01%	0.04%	0.01%
	MGY	B	0.02%	0.02%	0.02%
	MHK	D	0.05%	0.06%	0.05%
	MIDD	C	0.01%	0.02%	0.01%
	MKC	D	0.01%	0.04%	0.01%
	MKSI	D	0.01%	0.01%	0.01%
	MKTX	C	0.05%	0.01%	0.01%
	MLI	B	0.07%	0.03%	0.03%
	MLM	B	0.14%	0.03%	0.03%
	MMC	C	0.09%	0.12%	0.09%
	MMM	D	0.19%	0.28%	0.19%
	MMS	C	0.0%	0.02%	0.0%
	MMSI	A	0.02%	0.01%	0.01%
	MNST	B	0.03%	0.05%	0.03%
	MO	A	0.08%	0.34%	0.08%
	MOG.A	B	0.02%	0.02%	0.02%
	MOH	F	0.07%	0.04%	0.04%
	MORN	A	0.01%	0.01%	0.01%
	MOS	D	0.05%	0.08%	0.05%
	MPC	D	0.22%	0.44%	0.22%
	MPWR	F	0.06%	0.01%	0.01%
	MRK	F	0.33%	0.31%	0.31%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.11%	0.08%	0.08%
	MS	A	0.34%	0.6%	0.34%
	MSA	D	0.02%	0.0%	0.0%
	MSCI	B	0.04%	0.01%	0.01%
	MSFT	C	4.41%	1.43%	1.43%
	MSI	B	0.21%	0.04%	0.04%
	MTB	B	0.11%	0.17%	0.11%
	MTCH	F	0.01%	0.01%	0.01%
	MTD	F	0.03%	0.02%	0.02%
	MTDR	C	0.05%	0.03%	0.03%
	MTG	D	0.04%	0.02%	0.02%
	MTH	D	0.02%	0.02%	0.02%
	MTN	D	0.01%	0.01%	0.01%
	MTSI	B	0.01%	0.01%	0.01%
	MTZ	B	0.03%	0.03%	0.03%
	MU	C	0.2%	0.15%	0.15%
	MUR	F	0.03%	0.04%	0.03%
	MUSA	B	0.07%	0.04%	0.04%
	NBIX	C	0.04%	0.01%	0.01%
	NCLH	A	0.08%	0.04%	0.04%
	NDAQ	B	0.02%	0.07%	0.02%
	NDSN	B	0.01%	0.02%	0.01%
	NEE	D	0.07%	0.33%	0.07%
	NEM	F	0.02%	0.14%	0.02%
	NEU	C	0.01%	0.01%	0.01%
	NFG	C	0.01%	0.03%	0.01%
	NFLX	A	0.47%	0.18%	0.18%
	NI	A	0.02%	0.06%	0.02%
	NKE	F	0.17%	0.12%	0.12%
	NOC	C	0.05%	0.15%	0.05%
	NOV	D	0.02%	0.02%	0.02%
	NOVT	C	0.01%	0.01%	0.01%
	NOW	A	0.29%	0.06%	0.06%
	NRG	B	0.06%	0.06%	0.06%
	NSC	B	0.22%	0.13%	0.13%
	NSIT	F	0.04%	0.02%	0.02%
	NTAP	C	0.07%	0.04%	0.04%
	NTRS	A	0.11%	0.08%	0.08%
	NUE	C	0.17%	0.12%	0.12%
	NVDA	A	4.93%	0.37%	0.37%
	NVR	D	0.1%	0.06%	0.06%
	NVST	C	0.0%	0.01%	0.0%
	NVT	B	0.02%	0.02%	0.02%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.03%	0.03%	0.03%
	NXPI	F	0.08%	0.07%	0.07%
	NXST	C	0.01%	0.03%	0.01%
	NYT	C	0.03%	0.01%	0.01%
	OC	B	0.1%	0.05%	0.05%
	ODFL	B	0.14%	0.03%	0.03%
	OGE	B	0.04%	0.03%	0.03%
	OGN	F	0.01%	0.03%	0.01%
	OKE	A	0.19%	0.13%	0.13%
	OLED	F	0.02%	0.01%	0.01%
	OLLI	D	0.02%	0.01%	0.01%
	OLN	D	0.03%	0.02%	0.02%
	OMC	B	0.02%	0.06%	0.02%
	ON	D	0.13%	0.05%	0.05%
	ONB	A	0.03%	0.03%	0.03%
	ONTO	F	0.02%	0.01%	0.01%
	OPCH	F	0.0%	0.01%	0.0%
	ORCL	A	0.42%	0.45%	0.42%
	ORI	A	0.04%	0.04%	0.04%
	ORLY	A	0.07%	0.08%	0.07%
	OSK	B	0.02%	0.02%	0.02%
	OTIS	D	0.04%	0.04%	0.04%
	OVV	C	0.07%	0.09%	0.07%
	OXY	F	0.15%	0.17%	0.15%
	OZK	B	0.02%	0.04%	0.02%
	PAG	C	0.01%	0.03%	0.01%
	PANW	A	0.18%	0.07%	0.07%
	PARA	C	0.01%	0.06%	0.01%
	PAYC	B	0.07%	0.01%	0.01%
	PAYX	B	0.17%	0.06%	0.06%
	PB	A	0.02%	0.03%	0.02%
	PBF	F	0.01%	0.03%	0.01%
	PCAR	B	0.24%	0.12%	0.12%
	PCG	A	0.13%	0.12%	0.12%
	PCTY	A	0.02%	0.01%	0.01%
	PEG	D	0.09%	0.13%	0.09%
	PEN	B	0.01%	0.0%	0.0%
	PEP	F	0.27%	0.34%	0.27%
	PFE	F	0.15%	0.77%	0.15%
	PFG	C	0.09%	0.16%	0.09%
	PFGC	B	0.06%	0.11%	0.06%
	PG	D	0.39%	0.46%	0.39%
	PGR	B	0.45%	0.18%	0.18%
	PH	B	0.09%	0.09%	0.09%
	PHM	D	0.12%	0.06%	0.06%
	PKG	B	0.12%	0.05%	0.05%
	PLNT	B	0.01%	0.0%	0.0%
	PM	C	0.18%	0.54%	0.18%
	PNC	A	0.22%	0.4%	0.22%
	PNFP	B	0.03%	0.03%	0.03%
	PNR	B	0.01%	0.02%	0.01%
	PNW	B	0.05%	0.05%	0.05%
	PODD	B	0.03%	0.01%	0.01%
	POOL	D	0.08%	0.01%	0.01%
	POST	D	0.0%	0.03%	0.0%
	PPC	B	0.02%	0.02%	0.02%
	PPG	F	0.05%	0.06%	0.05%
	PPL	A	0.07%	0.09%	0.07%
	PR	B	0.06%	0.03%	0.03%
	PRI	A	0.07%	0.02%	0.02%
	PRU	B	0.18%	0.38%	0.18%
	PSTG	D	0.04%	0.01%	0.01%
	PSX	D	0.19%	0.45%	0.19%
	PTC	B	0.03%	0.02%	0.02%
	PVH	C	0.03%	0.02%	0.02%
	PWR	B	0.09%	0.04%	0.04%
	PYPL	B	0.3%	0.17%	0.17%
	QCOM	F	0.52%	0.23%	0.23%
	QLYS	C	0.02%	0.0%	0.0%
	QRVO	F	0.02%	0.01%	0.01%
	R	B	0.05%	0.06%	0.05%
	RBC	B	0.02%	0.01%	0.01%
	RCL	A	0.26%	0.08%	0.08%
	RDN	C	0.0%	0.03%	0.0%
	REGN	F	0.14%	0.11%	0.11%
	RF	A	0.08%	0.11%	0.08%
	RGA	A	0.07%	0.12%	0.07%
	RGEN	D	0.01%	0.01%	0.01%
	RGLD	C	0.03%	0.01%	0.01%
	RH	B	0.0%	0.01%	0.0%
	RHI	B	0.05%	0.02%	0.02%
	RJF	A	0.11%	0.06%	0.06%
	RL	B	0.06%	0.03%	0.03%
	RLI	A	0.03%	0.01%	0.01%
	RMBS	C	0.01%	0.0%	0.0%
	RMD	B	0.07%	0.03%	0.03%
	RNR	D	0.08%	0.05%	0.05%
	ROIV	D	0.02%	0.04%	0.02%
	ROK	B	0.04%	0.04%	0.04%
	ROL	B	0.03%	0.01%	0.01%
	ROP	B	0.09%	0.05%	0.05%
	ROST	F	0.22%	0.06%	0.06%
	RPM	B	0.1%	0.02%	0.02%
	RRC	B	0.04%	0.03%	0.03%
	RRX	C	0.01%	0.02%	0.01%
	RS	B	0.07%	0.05%	0.05%
	RSG	A	0.03%	0.09%	0.03%
	RTX	C	0.16%	0.44%	0.16%
	RVTY	C	0.02%	0.02%	0.02%
	SAIA	B	0.07%	0.01%	0.01%
	SAIC	B	0.0%	0.02%	0.0%
	SAM	B	0.0%	0.0%	0.0%
	SATS	C	0.03%	0.03%	0.03%
	SBUX	B	0.09%	0.14%	0.09%
	SCHW	A	0.2%	0.24%	0.2%
	SCI	B	0.03%	0.02%	0.02%
	SEDG	F	0.0%	0.0%	0.0%
	SEE	C	0.01%	0.01%	0.01%
	SEIC	A	0.03%	0.02%	0.02%
	SF	A	0.04%	0.04%	0.04%
	SFM	B	0.11%	0.03%	0.03%
	SHW	B	0.14%	0.06%	0.06%
	SIGI	B	0.02%	0.02%	0.02%
	SJM	F	0.01%	0.05%	0.01%
	SKX	F	0.05%	0.03%	0.03%
	SLB	D	0.09%	0.13%	0.09%
	SLGN	A	0.0%	0.02%	0.0%
	SM	C	0.01%	0.02%	0.01%
	SMCI	F	0.02%	0.01%	0.01%
	SNA	A	0.08%	0.04%	0.04%
	SNPS	B	0.12%	0.05%	0.05%
	SNV	B	0.03%	0.04%	0.03%
	SNX	C	0.04%	0.08%	0.04%
	SO	D	0.12%	0.3%	0.12%
	SOLV	C	0.01%	0.01%	0.01%
	SON	F	0.02%	0.02%	0.02%
	SPGI	D	0.09%	0.12%	0.09%
	SPSC	D	0.01%	0.0%	0.0%
	SRE	A	0.07%	0.18%	0.07%
	SSB	B	0.03%	0.03%	0.03%
	SSD	D	0.04%	0.01%	0.01%
	ST	F	0.0%	0.02%	0.0%
	STE	F	0.04%	0.02%	0.02%
	STLD	B	0.13%	0.08%	0.08%
	STT	B	0.1%	0.14%	0.1%
	STX	D	0.03%	0.05%	0.03%
	STZ	D	0.05%	0.05%	0.05%
	SW	C	0.1%	0.22%	0.1%
	SWK	F	0.02%	0.05%	0.02%
	SWKS	F	0.07%	0.04%	0.04%
	SWX	B	0.02%	0.02%	0.02%
	SYF	B	0.15%	0.22%	0.15%
	SYK	A	0.11%	0.09%	0.09%
	SYY	B	0.07%	0.12%	0.07%
	T	C	0.42%	1.35%	0.42%
	TAP	B	0.04%	0.08%	0.04%
	TDC	D	0.0%	0.01%	0.0%
	TDG	B	0.07%	0.02%	0.02%
	TDY	A	0.03%	0.03%	0.03%
	TECH	C	0.02%	0.0%	0.0%
	TER	D	0.05%	0.02%	0.02%
	TFC	A	0.19%	0.53%	0.19%
	TFX	F	0.03%	0.01%	0.01%
	TGT	C	0.28%	0.22%	0.22%
	THC	B	0.02%	0.06%	0.02%
	THO	B	0.01%	0.03%	0.01%
	TJX	B	0.43%	0.16%	0.16%
	TKO	D	0.0%	0.04%	0.0%
	TKR	F	0.03%	0.01%	0.01%
	TMHC	C	0.02%	0.04%	0.02%
	TMO	F	0.15%	0.16%	0.15%
	TMUS	A	0.3%	0.42%	0.3%
	TOL	B	0.07%	0.05%	0.05%
	TPR	B	0.08%	0.04%	0.04%
	TPX	C	0.02%	0.01%	0.01%
	TREX	C	0.04%	0.01%	0.01%
	TRGP	A	0.26%	0.09%	0.09%
	TRMB	B	0.02%	0.02%	0.02%
	TROW	B	0.1%	0.07%	0.07%
	TRV	B	0.26%	0.18%	0.18%
	TSCO	D	0.18%	0.04%	0.04%
	TSLA	B	0.7%	0.57%	0.57%
	TSN	C	0.04%	0.14%	0.04%
	TT	A	0.13%	0.08%	0.08%
	TTC	D	0.03%	0.01%	0.01%
	TTEK	C	0.01%	0.02%	0.01%
	TTWO	A	0.03%	0.02%	0.02%
	TXN	B	0.28%	0.25%	0.25%
	TXRH	B	0.09%	0.02%	0.02%
	TXT	D	0.05%	0.04%	0.04%
	TYL	B	0.04%	0.02%	0.02%
	UAL	A	0.18%	0.24%	0.18%
	UBER	F	0.1%	0.08%	0.08%
	UFPI	B	0.05%	0.02%	0.02%
	UGI	D	0.0%	0.04%	0.0%
	UHS	D	0.06%	0.05%	0.05%
	ULTA	C	0.11%	0.03%	0.03%
	UNH	B	0.36%	1.17%	0.36%
	UNM	A	0.05%	0.1%	0.05%
	UNP	D	0.48%	0.22%	0.22%
	UPS	D	0.19%	0.37%	0.19%
	URI	B	0.2%	0.07%	0.07%
	USB	B	0.22%	0.38%	0.22%
	USFD	A	0.01%	0.08%	0.01%
	UTHR	B	0.1%	0.04%	0.04%
	V	A	0.58%	0.44%	0.44%
	VAL	F	0.01%	0.01%	0.01%
	VFC	C	0.04%	0.06%	0.04%
	VLO	D	0.16%	0.37%	0.16%
	VLTO	D	0.06%	0.02%	0.02%
	VMC	B	0.05%	0.03%	0.03%
	VMI	B	0.05%	0.02%	0.02%
	VNT	B	0.01%	0.01%	0.01%
	VOYA	A	0.03%	0.04%	0.03%
	VRSK	A	0.12%	0.01%	0.01%
	VRSN	C	0.02%	0.02%	0.02%
	VRTX	B	0.25%	0.11%	0.11%
	VST	B	0.12%	0.1%	0.1%
	VTRS	B	0.09%	0.13%	0.09%
	VVV	B	0.01%	0.02%	0.01%
	VZ	D	0.44%	1.46%	0.44%
	WAB	B	0.04%	0.04%	0.04%
	WAT	B	0.05%	0.02%	0.02%
	WBA	D	0.0%	0.06%	0.0%
	WBD	C	0.03%	0.18%	0.03%
	WBS	B	0.05%	0.04%	0.04%
	WCC	B	0.07%	0.04%	0.04%
	WDC	D	0.03%	0.05%	0.03%
	WEC	B	0.04%	0.09%	0.04%
	WEX	D	0.01%	0.01%	0.01%
	WFC	B	0.53%	1.17%	0.53%
	WFRD	D	0.05%	0.02%	0.02%
	WH	A	0.01%	0.01%	0.01%
	WHR	B	0.0%	0.05%	0.0%
	WING	D	0.01%	0.0%	0.0%
	WLK	F	0.03%	0.04%	0.03%
	WM	A	0.12%	0.1%	0.1%
	WMB	A	0.29%	0.19%	0.19%
	WMS	F	0.07%	0.01%	0.01%
	WMT	A	0.63%	1.8%	0.63%
	WOLF	F	0.0%	0.0%	0.0%
	WRB	B	0.07%	0.05%	0.05%
	WSM	F	0.12%	0.02%	0.02%
	WSO	A	0.05%	0.04%	0.04%
	WST	C	0.05%	0.01%	0.01%
	WTFC	A	0.05%	0.03%	0.03%
	WTRG	B	0.01%	0.03%	0.01%
	WTS	B	0.01%	0.01%	0.01%
	WTW	A	0.02%	0.07%	0.02%
	WWD	B	0.03%	0.02%	0.02%
	WYNN	F	0.01%	0.02%	0.01%
	X	B	0.03%	0.08%	0.03%
	XEL	A	0.11%	0.14%	0.11%
	XOM	B	1.04%	2.01%	1.04%
	XPO	B	0.04%	0.04%	0.04%
	XRAY	F	0.0%	0.01%	0.0%
	XYL	D	0.04%	0.02%	0.02%
	YUM	B	0.04%	0.03%	0.03%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	A	0.03%	0.02%	0.02%
	ZI	C	0.0%	0.0%	0.0%
	ZION	B	0.05%	0.07%	0.05%
	ZTS	F	0.2%	0.04%	0.04%

AVLC Overweight 191 Positions Relative to VLU

	Symbol	Grade	Weight
	MELI	D	0.36%
	LNG	B	0.22%
	APO	B	0.16%
	PLTR	B	0.16%
	KKR	B	0.15%
	GEV	B	0.14%
	APP	A	0.14%
	VRT	B	0.13%
	TPL	A	0.13%
	CPNG	C	0.12%
	MKL	A	0.12%
	FCNCA	B	0.12%
	MRVL	B	0.11%
	LPLA	A	0.1%
	CRWD	B	0.1%
	FLEX	B	0.1%
	CVNA	B	0.09%
	WDAY	B	0.08%
	FTI	B	0.08%
	MSTR	A	0.07%
	COIN	B	0.07%
	CRBG	C	0.06%
	DELL	C	0.06%
	WAL	B	0.06%
	TTD	A	0.06%
	SQ	A	0.06%
	SPOT	A	0.06%
	DASH	A	0.06%
	HUBS	A	0.05%
	SNOW	C	0.05%
	VEEV	B	0.05%
	DOCU	A	0.05%
	TEAM	B	0.05%
	HOOD	B	0.05%
	AXS	B	0.05%
	DDOG	C	0.05%
	SOFI	B	0.04%
	ALNY	D	0.04%
	WCN	B	0.04%
	NET	C	0.04%
	ZM	A	0.04%
	OMF	B	0.04%
	RPRX	F	0.03%
	GWRE	A	0.03%
	MOD	C	0.03%
	RIVN	F	0.03%
	DOX	A	0.03%
	ZS	B	0.03%
	PEGA	A	0.03%
	ENLC	B	0.03%
	MDB	C	0.03%
	NU	B	0.03%
	UHAL	C	0.03%
	HLNE	B	0.03%
	BMRN	F	0.03%
	BPOP	C	0.03%
	TWLO	B	0.03%
	BAH	C	0.03%
	ITCI	B	0.02%
	AUR	C	0.02%
	FRPT	B	0.02%
	INSM	D	0.02%
	OKTA	C	0.02%
	TOST	A	0.02%
	VKTX	D	0.02%
	AZN	F	0.02%
	TRU	D	0.02%
	ROKU	C	0.02%
	ALSN	B	0.02%
	NTRA	B	0.02%
	Z	B	0.02%
	GLOB	B	0.02%
	ARES	B	0.02%
	SN	D	0.02%
	CSWI	B	0.02%
	ENTG	D	0.02%
	HESM	D	0.02%
	TW	B	0.02%
	PCVX	D	0.02%
	RVMD	B	0.02%
	NTNX	B	0.02%
	LBRDK	B	0.02%
	PINS	D	0.02%
	AFRM	A	0.02%
	LYFT	B	0.01%
	BPMC	B	0.01%
	GFS	C	0.01%
	IONS	F	0.01%
	SNAP	C	0.01%
	ZG	B	0.01%
	CFLT	B	0.01%
	CHWY	B	0.01%
	ADTN	B	0.01%
	TNET	D	0.01%
	SMMT	D	0.01%
	PI	D	0.01%
	NPAB	F	0.01%
	LCID	F	0.01%
	BILL	A	0.01%
	EXAS	F	0.01%
	VERX	B	0.01%
	DKNG	B	0.01%
	UI	A	0.01%
	SUM	B	0.01%
	ALTR	C	0.01%
	CACC	F	0.01%
	U	D	0.01%
	PATH	C	0.01%
	TDW	F	0.01%
	HEI	C	0.01%
	PCOR	B	0.01%
	ZETA	C	0.01%
	BROS	B	0.01%
	FOUR	B	0.01%
	PSN	A	0.01%
	DDS	C	0.01%
	ESTC	C	0.01%
	GTLB	C	0.01%
	AGR	C	0.01%
	KRYS	B	0.01%
	CWST	B	0.01%
	SSNC	C	0.01%
	DUOL	B	0.01%
	MARA	C	0.01%
	VRNS	D	0.01%
	CWAN	B	0.01%
	RRR	F	0.01%
	BECN	B	0.01%
	APPF	B	0.01%
	BSY	D	0.01%
	BOKF	B	0.01%
	RYAN	B	0.01%
	ATKR	C	0.01%
	RBLX	A	0.01%
	AVTR	F	0.01%
	SRPT	F	0.01%
	LEVI	F	0.01%
	AZEK	B	0.01%
	XP	F	0.01%
	SMAR	B	0.01%
	ZWS	B	0.01%
	IOT	B	0.01%
	PFSI	D	0.01%
	SITE	C	0.01%
	WSC	F	0.01%
	ELAN	D	0.01%
	MDGL	B	0.01%
	S	B	0.01%
	TPG	B	0.0%
	CRSP	C	0.0%
	RARE	F	0.0%
	HIMS	B	0.0%
	AGL	F	0.0%
	FG	B	0.0%
	RNA	B	0.0%
	IMVT	D	0.0%
	SPB	A	0.0%
	SIRI	C	0.0%
	TXG	F	0.0%
	BRZE	C	0.0%
	BBIO	F	0.0%
	UHAL	C	0.0%
	APLS	F	0.0%
	INFA	D	0.0%
	PLUG	D	0.0%
	HCP	A	0.0%
	HRI	B	0.0%
	SNDR	A	0.0%
	WK	B	0.0%
	ALIT	B	0.0%
	TENB	D	0.0%
	FRHC	B	0.0%
	LBRDA	B	0.0%
	W	F	0.0%
	NFE	F	0.0%
	BIRK	F	0.0%
	OWL	B	0.0%
	ESI	B	0.0%
	CRDO	B	0.0%
	INSP	D	0.0%
	ACT	D	0.0%
	REYN	D	0.0%
	TMDX	F	0.0%
	BFAM	F	0.0%
	CNA	D	0.0%
	RDDT	B	0.0%
	NUVL	D	0.0%
	RBRK	B	0.0%
	FLUT	B	0.0%
	HEI	C	0.0%
	APG	B	0.0%

AVLC Underweight 635 Positions Relative to VLU

	Symbol	Grade	Weight
	AMT	F	-0.13%
	PLD	F	-0.13%
	WELL	B	-0.12%
	O	D	-0.11%
	CCI	F	-0.1%
	VICI	D	-0.09%
	EQR	D	-0.08%
	VTR	C	-0.08%
	PSA	D	-0.07%
	AVB	B	-0.07%
	EQIX	C	-0.07%
	BXP	D	-0.06%
	SPG	B	-0.06%
	VNO	C	-0.06%
	WY	F	-0.06%
	WPC	F	-0.05%
	CNX	B	-0.05%
	DOC	C	-0.05%
	GEN	A	-0.05%
	ARE	F	-0.05%
	STWD	D	-0.05%
	CPT	C	-0.04%
	HCC	C	-0.04%
	KIM	B	-0.04%
	NOG	B	-0.04%
	CNO	B	-0.04%
	OHI	B	-0.04%
	REG	B	-0.04%
	VLY	B	-0.04%
	MAA	C	-0.04%
	HST	C	-0.04%
	SANM	B	-0.04%
	KRC	C	-0.04%
	INVH	D	-0.04%
	DLR	B	-0.04%
	GLPI	D	-0.04%
	ESS	C	-0.04%
	IRM	C	-0.04%
	EXR	D	-0.04%
	AVT	C	-0.04%
	ABG	B	-0.04%
	GPI	B	-0.04%
	BFH	B	-0.03%
	PENN	B	-0.03%
	TRN	A	-0.03%
	GT	C	-0.03%
	GNW	A	-0.03%
	SFNC	B	-0.03%
	PK	B	-0.03%
	ARCH	B	-0.03%
	WAFD	B	-0.03%
	BRX	B	-0.03%
	BKU	B	-0.03%
	CUZ	C	-0.03%
	HBI	B	-0.03%
	MAN	F	-0.03%
	LAMR	D	-0.03%
	TDS	B	-0.03%
	TGNA	B	-0.03%
	BXMT	C	-0.03%
	BHF	B	-0.03%
	HWC	B	-0.03%
	GEO	B	-0.03%
	APLE	B	-0.03%
	CNK	A	-0.03%
	UDR	D	-0.03%
	CEIX	B	-0.03%
	GHC	B	-0.03%
	CWK	B	-0.03%
	HP	C	-0.03%
	ABM	B	-0.03%
	CALM	A	-0.03%
	DEI	C	-0.03%
	CATY	B	-0.03%
	WU	F	-0.03%
	BTU	C	-0.03%
	NWL	B	-0.03%
	HIW	D	-0.03%
	ASB	B	-0.03%
	OGS	B	-0.03%
	BKH	B	-0.03%
	KTB	B	-0.02%
	ATGE	B	-0.02%
	CABO	C	-0.02%
	ADNT	F	-0.02%
	MAC	B	-0.02%
	AX	B	-0.02%
	VAC	B	-0.02%
	ELS	C	-0.02%
	GATX	B	-0.02%
	VSTS	D	-0.02%
	REZI	A	-0.02%
	NWBI	B	-0.02%
	JBGS	F	-0.02%
	VYX	B	-0.02%
	CVBF	B	-0.02%
	NATL	C	-0.02%
	SLVM	C	-0.02%
	NWE	C	-0.02%
	SLM	B	-0.02%
	GEF	A	-0.02%
	MCY	B	-0.02%
	POR	D	-0.02%
	FULT	B	-0.02%
	TNL	A	-0.02%
	KRG	B	-0.02%
	ABCB	B	-0.02%
	PLXS	B	-0.02%
	OI	D	-0.02%
	MHO	D	-0.02%
	PRG	C	-0.02%
	SR	C	-0.02%
	KSS	F	-0.02%
	MSM	B	-0.02%
	UAA	B	-0.02%
	SBAC	D	-0.02%
	CRC	B	-0.02%
	KAR	A	-0.02%
	JBLU	D	-0.02%
	ALE	A	-0.02%
	PII	F	-0.02%
	FL	D	-0.02%
	PRGO	C	-0.02%
	EAT	A	-0.02%
	AUB	B	-0.02%
	PNM	B	-0.02%
	BHE	B	-0.02%
	TCBI	A	-0.02%
	BANC	B	-0.02%
	RUSHA	B	-0.02%
	HOG	F	-0.02%
	GBX	A	-0.02%
	SLG	C	-0.02%
	AAP	D	-0.02%
	UMBF	B	-0.02%
	RNST	B	-0.02%
	URBN	C	-0.02%
	TPH	D	-0.02%
	AVNT	B	-0.02%
	BANF	B	-0.02%
	ADC	B	-0.02%
	FHB	B	-0.02%
	MATX	B	-0.02%
	JWN	B	-0.02%
	BANR	B	-0.02%
	THG	A	-0.02%
	SIG	B	-0.02%
	IBTX	B	-0.02%
	IBOC	B	-0.02%
	SBRA	B	-0.02%
	CUBE	D	-0.02%
	SEM	B	-0.02%
	SKYW	B	-0.02%
	FFBC	B	-0.02%
	PFS	B	-0.02%
	ENVA	A	-0.02%
	NNN	F	-0.02%
	CXW	B	-0.02%
	UBSI	B	-0.02%
	VSCO	B	-0.02%
	SNEX	B	-0.02%
	ABR	B	-0.02%
	AMH	D	-0.02%
	MPW	F	-0.02%
	KREF	D	-0.01%
	FBNC	B	-0.01%
	HFWA	B	-0.01%
	PRDO	B	-0.01%
	QNST	B	-0.01%
	UNIT	B	-0.01%
	PFBC	B	-0.01%
	AIN	D	-0.01%
	SCL	C	-0.01%
	VRTS	B	-0.01%
	UFCS	A	-0.01%
	MCRI	A	-0.01%
	EZPW	B	-0.01%
	MMI	B	-0.01%
	IART	C	-0.01%
	MSGS	B	-0.01%
	AWR	B	-0.01%
	XHR	B	-0.01%
	FORM	D	-0.01%
	RES	D	-0.01%
	SAFT	B	-0.01%
	CUBI	B	-0.01%
	AAT	C	-0.01%
	AZZ	B	-0.01%
	AEIS	B	-0.01%
	AVNS	D	-0.01%
	HPP	F	-0.01%
	EFC	D	-0.01%
	CENX	B	-0.01%
	MODG	F	-0.01%
	HAE	B	-0.01%
	ZD	B	-0.01%
	HAIN	F	-0.01%
	SCHL	D	-0.01%
	GFF	C	-0.01%
	RDNT	B	-0.01%
	CHEF	B	-0.01%
	CWT	D	-0.01%
	HAFC	B	-0.01%
	HCSG	B	-0.01%
	CHCO	B	-0.01%
	HWKN	C	-0.01%
	INN	D	-0.01%
	NBHC	B	-0.01%
	HLX	D	-0.01%
	EPC	F	-0.01%
	AMWD	B	-0.01%
	GDOT	C	-0.01%
	SYNA	D	-0.01%
	WRLD	C	-0.01%
	SMPL	B	-0.01%
	FWRD	D	-0.01%
	APOG	B	-0.01%
	VSAT	F	-0.01%
	GTY	B	-0.01%
	CPK	B	-0.01%
	RCM	B	-0.01%
	SHAK	B	-0.01%
	MRCY	B	-0.01%
	DRH	B	-0.01%
	NGVT	B	-0.01%
	UCTT	F	-0.01%
	ESE	B	-0.01%
	DNOW	B	-0.01%
	MP	B	-0.01%
	ELME	D	-0.01%
	STRA	C	-0.01%
	MATV	F	-0.01%
	JBT	C	-0.01%
	PLAB	C	-0.01%
	VRE	C	-0.01%
	NHC	B	-0.01%
	YELP	C	-0.01%
	BKE	A	-0.01%
	KELYA	F	-0.01%
	JJSF	B	-0.01%
	FCPT	D	-0.01%
	CRI	F	-0.01%
	SBCF	B	-0.01%
	MCW	B	-0.01%
	KWR	C	-0.01%
	POWL	B	-0.01%
	KNF	C	-0.01%
	SHO	B	-0.01%
	VIR	C	-0.01%
	AMED	F	-0.01%
	SKT	A	-0.01%
	ALGT	B	-0.01%
	AHCO	C	-0.01%
	ENR	B	-0.01%
	EIG	B	-0.01%
	OSIS	C	-0.01%
	KN	B	-0.01%
	VC	D	-0.01%
	ASIX	B	-0.01%
	MYRG	B	-0.01%
	LGND	B	-0.01%
	MGEE	A	-0.01%
	STC	C	-0.01%
	SPTN	F	-0.01%
	CARG	A	-0.01%
	BOOT	D	-0.01%
	CFFN	B	-0.01%
	FELE	B	-0.01%
	TBBK	B	-0.01%
	CORT	B	-0.01%
	KALU	B	-0.01%
	VTLE	C	-0.01%
	CPF	B	-0.01%
	SCVL	D	-0.01%
	MNRO	B	-0.01%
	CASH	A	-0.01%
	PLUS	D	-0.01%
	CVCO	B	-0.01%
	AXL	C	-0.01%
	AMN	F	-0.01%
	LXP	D	-0.01%
	KLIC	B	-0.01%
	IOSP	B	-0.01%
	MC	B	-0.01%
	HI	C	-0.01%
	HASI	F	-0.01%
	TMP	B	-0.01%
	PUMP	D	-0.01%
	BLMN	F	-0.01%
	WD	C	-0.01%
	OII	B	-0.01%
	LGIH	F	-0.01%
	PARR	F	-0.01%
	NSP	F	-0.01%
	NBR	C	-0.01%
	ROIC	A	-0.01%
	ARCB	C	-0.01%
	B	B	-0.01%
	LPG	F	-0.01%
	EGBN	B	-0.01%
	LTC	A	-0.01%
	RWT	D	-0.01%
	WEN	C	-0.01%
	UE	B	-0.01%
	OFG	C	-0.01%
	XRX	F	-0.01%
	ODP	F	-0.01%
	PJT	B	-0.01%
	AROC	B	-0.01%
	DORM	B	-0.01%
	SHOO	D	-0.01%
	CENTA	C	-0.01%
	UNF	B	-0.01%
	ENOV	C	-0.01%
	WGO	B	-0.01%
	OMI	F	-0.01%
	CPRI	F	-0.01%
	OMCL	C	-0.01%
	DIOD	F	-0.01%
	SXT	B	-0.01%
	FTDR	B	-0.01%
	DLX	B	-0.01%
	BRKL	A	-0.01%
	IRT	B	-0.01%
	PHIN	B	-0.01%
	FCF	B	-0.01%
	NMIH	D	-0.01%
	ORA	C	-0.01%
	FBK	B	-0.01%
	OTTR	C	-0.01%
	CBRL	D	-0.01%
	MTX	B	-0.01%
	PCH	F	-0.01%
	CCS	F	-0.01%
	NPO	B	-0.01%
	ITGR	B	-0.01%
	INVA	B	-0.01%
	SXC	B	-0.01%
	RUN	F	-0.01%
	HMN	B	-0.01%
	PATK	D	-0.01%
	EXPI	B	-0.01%
	SHC	D	-0.01%
	VSTO	A	-0.01%
	AKR	C	-0.01%
	BDN	D	-0.01%
	DAN	F	-0.01%
	SFBS	B	-0.01%
	CNXN	C	-0.01%
	EGP	D	-0.01%
	LZB	C	-0.01%
	SBSI	B	-0.01%
	STBA	C	-0.01%
	PECO	B	-0.01%
	KMT	B	-0.01%
	NSA	D	-0.01%
	HGV	B	-0.01%
	DCOM	B	-0.01%
	THS	F	-0.01%
	RXO	C	-0.01%
	BRC	B	-0.01%
	APAM	B	-0.01%
	SAH	B	-0.01%
	PINC	B	-0.01%
	RYN	F	-0.01%
	RC	D	-0.01%
	NBTB	B	-0.01%
	CTRE	C	-0.01%
	FUL	F	-0.01%
	EPR	D	-0.01%
	SCSC	B	-0.01%
	WSFS	A	-0.01%
	PRK	B	-0.01%
	BHLB	B	-0.01%
	PBH	A	-0.01%
	LCII	D	-0.01%
	CAKE	B	-0.01%
	LOPE	B	-0.01%
	OUT	C	-0.01%
	AEO	F	-0.01%
	PIPR	B	-0.01%
	UA	B	-0.01%
	TEX	C	-0.01%
	CRK	B	-0.01%
	GRBK	D	-0.01%
	KW	C	-0.01%
	SABR	C	-0.01%
	SMG	C	-0.01%
	SBH	C	-0.01%
	BOH	B	-0.01%
	UNFI	B	-0.01%
	KFY	B	-0.01%
	PSMT	D	-0.01%
	ECPG	B	-0.01%
	GVA	B	-0.01%
	BCO	F	-0.01%
	CDP	C	-0.01%
	ITRI	B	-0.01%
	DEA	D	-0.01%
	PMT	F	-0.01%
	LRN	B	-0.01%
	IDCC	A	-0.01%
	GMS	B	-0.01%
	GIII	C	-0.01%
	ARI	D	-0.01%
	EPRT	C	-0.01%
	BGC	B	-0.01%
	IIPR	F	-0.01%
	VSH	F	-0.01%
	FDP	B	-0.01%
	WOR	D	-0.01%
	FHI	A	-0.01%
	WERN	B	-0.01%
	NAVI	C	-0.01%
	NWN	B	-0.01%
	PBI	B	-0.01%
	TTMI	A	-0.01%
	BDC	B	-0.01%
	ENS	D	-0.01%
	WS	B	-0.01%
	HNI	B	-0.01%
	MD	B	-0.01%
	UVV	B	-0.01%
	FBP	B	-0.01%
	PTEN	D	-0.01%
	CBU	B	-0.01%
	TRMK	B	-0.01%
	CCOI	C	-0.01%
	UCB	B	-0.01%
	LBRT	D	-0.01%
	ASH	F	-0.01%
	ICUI	C	-0.01%
	ASGN	B	-0.01%
	ACIW	B	-0.01%
	LEG	F	-0.01%
	AMR	C	-0.01%
	ACA	B	-0.01%
	SPNT	C	-0.01%
	AVA	C	-0.01%
	UPBD	B	-0.01%
	HTH	B	-0.01%
	STAG	F	-0.01%
	NJR	B	-0.01%
	REXR	F	-0.01%
	PEB	D	-0.01%
	ASO	F	-0.01%
	GNL	D	-0.01%
	FRT	C	-0.01%
	WKC	D	-0.01%
	TALO	B	-0.01%
	ANDE	D	-0.01%
	FR	D	-0.01%
	LITE	B	-0.01%
	HUBG	B	-0.01%
	PPBI	B	-0.01%
	KMPR	A	-0.01%
	WWW	B	-0.01%
	INDB	B	-0.01%
	VBTX	B	-0.01%
	CC	D	-0.01%
	HOPE	B	-0.01%
	PDCO	D	-0.01%
	MLKN	D	-0.01%
	COLM	B	-0.01%
	AORT	C	-0.0%
	VICR	B	-0.0%
	NPK	C	-0.0%
	XPEL	C	-0.0%
	NARI	C	-0.0%
	LESL	D	-0.0%
	VCEL	B	-0.0%
	AGYS	B	-0.0%
	MSEX	B	-0.0%
	GOGO	C	-0.0%
	PGNY	F	-0.0%
	PCRX	D	-0.0%
	STAA	F	-0.0%
	CLB	B	-0.0%
	TNDM	F	-0.0%
	CERT	F	-0.0%
	RGNX	F	-0.0%
	TTGT	C	-0.0%
	ARWR	C	-0.0%
	NABL	F	-0.0%
	CRSR	C	-0.0%
	TGI	B	-0.0%
	COHU	C	-0.0%
	HCI	B	-0.0%
	LQDT	A	-0.0%
	MYE	F	-0.0%
	JBSS	F	-0.0%
	SNCY	B	-0.0%
	SSTK	D	-0.0%
	NXRT	C	-0.0%
	BJRI	B	-0.0%
	ICHR	C	-0.0%
	CEVA	B	-0.0%
	MXL	C	-0.0%
	SHEN	F	-0.0%
	WT	B	-0.0%
	IIIN	D	-0.0%
	SITM	B	-0.0%
	MGPI	F	-0.0%
	CARS	B	-0.0%
	DGII	B	-0.0%
	AHH	D	-0.0%
	GPRE	F	-0.0%
	DV	C	-0.0%
	TRUP	B	-0.0%
	WSR	A	-0.0%
	CENT	C	-0.0%
	THRY	F	-0.0%
	ASTE	B	-0.0%
	COLL	F	-0.0%
	SLAB	F	-0.0%
	IRWD	D	-0.0%
	EPAC	B	-0.0%
	PAYO	B	-0.0%
	VECO	F	-0.0%
	CTS	B	-0.0%
	RGR	F	-0.0%
	HRMY	D	-0.0%
	USNA	C	-0.0%
	JACK	D	-0.0%
	THRM	D	-0.0%
	CPRX	B	-0.0%
	VVI	B	-0.0%
	TNC	F	-0.0%
	SXI	B	-0.0%
	XNCR	B	-0.0%
	YETI	C	-0.0%
	PRLB	B	-0.0%
	LNN	B	-0.0%
	PZZA	D	-0.0%
	SONO	C	-0.0%
	PRVA	B	-0.0%
	GDEN	C	-0.0%
	MTUS	C	-0.0%
	HTLD	C	-0.0%
	IRDM	C	-0.0%
	HSII	B	-0.0%
	SJW	D	-0.0%
	POWI	C	-0.0%
	KOP	D	-0.0%
	ALRM	C	-0.0%
	AMPH	C	-0.0%
	WDFC	A	-0.0%
	ALG	B	-0.0%
	AOSL	F	-0.0%
	WNC	C	-0.0%
	EXTR	B	-0.0%
	MATW	C	-0.0%
	BLKB	C	-0.0%
	DFIN	D	-0.0%
	OXM	D	-0.0%
	LIVN	D	-0.0%
	FTRE	D	-0.0%
	MYGN	F	-0.0%
	CNMD	C	-0.0%
	CALX	F	-0.0%
	EYE	D	-0.0%
	JOE	F	-0.0%
	WABC	B	-0.0%
	RCUS	C	-0.0%
	HLIT	D	-0.0%
	BSIG	A	-0.0%
	UHT	D	-0.0%
	CSGS	B	-0.0%
	UFPT	B	-0.0%
	REX	C	-0.0%
	USPH	C	-0.0%
	PLMR	C	-0.0%
	AMSF	A	-0.0%
	CXT	D	-0.0%
	SMP	B	-0.0%
	NX	C	-0.0%
	ACLS	F	-0.0%
	RAMP	C	-0.0%
	AIR	C	-0.0%
	AZTA	D	-0.0%
	VIAV	B	-0.0%
	ETD	D	-0.0%
	HTZ	D	-0.0%
	HAYN	A	-0.0%
	VRRM	F	-0.0%
	BGS	F	-0.0%
	FLGT	F	-0.0%
	NVEE	C	-0.0%
	NVRI	F	-0.0%
	DVAX	B	-0.0%
	FOXF	F	-0.0%
	CNSL	B	-0.0%
	AMBC	C	-0.0%
	MRTN	B	-0.0%
	ENV	B	-0.0%
	FBRT	C	-0.0%
	TWI	D	-0.0%
	BOX	B	-0.0%
	HZO	D	-0.0%
	EVTC	B	-0.0%
	NTCT	B	-0.0%
	TR	C	-0.0%
	LKFN	B	-0.0%
	NEO	C	-0.0%
	PRGS	A	-0.0%
	HAYW	C	-0.0%
	GES	F	-0.0%
	UTL	C	-0.0%
	NEOG	D	-0.0%
	ROG	D	-0.0%
	SVC	F	-0.0%
	ASTH	F	-0.0%
	CVI	F	-0.0%
	PAHC	B	-0.0%
	TRIP	D	-0.0%
	TILE	B	-0.0%
	CSR	C	-0.0%
	HELE	C	-0.0%
	VTOL	B	-0.0%
	DXPE	B	-0.0%
	ADUS	D	-0.0%
	MTRN	B	-0.0%
	IPAR	C	-0.0%
	PRAA	C	-0.0%
	PLAY	C	-0.0%
	BFS	B	-0.0%
	ROCK	B	-0.0%
	SUPN	B	-0.0%
	PRA	B	-0.0%
	SMTC	B	-0.0%
	ALEX	B	-0.0%
	TRST	B	-0.0%
	CAL	D	-0.0%
	TFIN	A	-0.0%
	GO	D	-0.0%

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 IBD 50 Dow Jones Component Insurance Products Biotechnology Building Materials

VLU: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Semiconductors Oil & Gas E&P Biotechnology Business Services Packaged Foods Specialty Chemicals REIT - Diversified Specialty Retail Asset Management Diagnostics & Research Utilities - Regulated Electric Insurance - Property & Casualty REIT - Retail Building Materials Restaurants Aerospace & Defense Capital Markets

Keywords: S&P 500 Bank Nasdaq 100 Banking Natural Gas Real Estate Investment Trust Insurance Chemical Computing Aerospace Electronics Mining Medicine Semiconductor Electricity Deposit Products Telecommunications Transport Commercial Banking Clothing