AVLC vs. VONG ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Vanguard Russell 1000 Growth ETF (VONG)

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

VONG

Vanguard Russell 1000 Growth ETF

VONG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Growth Index. The index is designed to measure the performance of large-capitalization growth stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$101.26

Average Daily Volume

692,816

Number of Holdings ^*

385

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	VONG
30 Days	1.67%	2.76%
60 Days	4.71%	5.75%
90 Days	6.55%	6.71%
12 Months	31.26%	36.17%

365 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in VONG	Overlap
	AAL	B	0.01%	0.0%	0.0%
	AAON	B	0.05%	0.03%	0.03%
	AAPL	C	5.24%	12.29%	5.24%
	ABBV	F	0.38%	0.55%	0.38%
	ABNB	D	0.07%	0.2%	0.07%
	ADBE	D	0.33%	0.83%	0.33%
	ADP	B	0.36%	0.38%	0.36%
	ADSK	B	0.09%	0.22%	0.09%
	AJG	B	0.05%	0.02%	0.02%
	ALGN	D	0.04%	0.04%	0.04%
	ALL	A	0.2%	0.03%	0.03%
	ALLY	C	0.06%	0.0%	0.0%
	ALNY	D	0.04%	0.11%	0.04%
	AM	A	0.03%	0.01%	0.01%
	AMAT	F	0.36%	0.56%	0.36%
	AMD	F	0.31%	0.63%	0.31%
	AMGN	D	0.19%	0.49%	0.19%
	AMP	A	0.26%	0.16%	0.16%
	AMZN	B	3.03%	6.28%	3.03%
	ANET	C	0.15%	0.36%	0.15%
	APH	B	0.12%	0.16%	0.12%
	APLS	F	0.0%	0.01%	0.0%
	APO	A	0.16%	0.18%	0.16%
	APP	A	0.16%	0.12%	0.12%
	APPF	C	0.01%	0.02%	0.01%
	ARES	A	0.02%	0.1%	0.02%
	AVGO	C	1.11%	2.85%	1.11%
	AVY	D	0.03%	0.02%	0.02%
	AWI	B	0.04%	0.01%	0.01%
	AXON	A	0.05%	0.1%	0.05%
	AXP	B	0.4%	0.21%	0.21%
	AZEK	B	0.01%	0.02%	0.01%
	AZO	C	0.05%	0.18%	0.05%
	BA	D	0.06%	0.05%	0.05%
	BAH	D	0.03%	0.08%	0.03%
	BFAM	F	0.0%	0.0%	0.0%
	BILL	B	0.01%	0.0%	0.0%
	BKNG	A	0.13%	0.49%	0.13%
	BLD	F	0.03%	0.0%	0.0%
	BLDR	D	0.07%	0.01%	0.01%
	BPOP	C	0.03%	0.0%	0.0%
	BR	B	0.04%	0.08%	0.04%
	BRKR	F	0.02%	0.02%	0.02%
	BRO	B	0.02%	0.04%	0.02%
	BROS	A	0.01%	0.01%	0.01%
	BSY	D	0.01%	0.03%	0.01%
	BURL	A	0.11%	0.06%	0.06%
	BWXT	A	0.06%	0.01%	0.01%
	BX	A	0.11%	0.39%	0.11%
	CACC	F	0.01%	0.01%	0.01%
	CAH	B	0.03%	0.06%	0.03%
	CAR	C	0.0%	0.0%	0.0%
	CASY	A	0.08%	0.01%	0.01%
	CAT	C	0.52%	0.1%	0.1%
	CDNS	B	0.12%	0.27%	0.12%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.01%	0.01%	0.01%
	CEG	C	0.11%	0.05%	0.05%
	CELH	F	0.01%	0.02%	0.01%
	CFLT	B	0.01%	0.02%	0.01%
	CGNX	D	0.01%	0.0%	0.0%
	CHDN	C	0.02%	0.03%	0.02%
	CHE	F	0.02%	0.0%	0.0%
	CHH	A	0.02%	0.01%	0.01%
	CI	D	0.07%	0.03%	0.03%
	CIVI	D	0.03%	0.01%	0.01%
	CL	D	0.18%	0.17%	0.17%
	CLF	F	0.03%	0.01%	0.01%
	CLX	A	0.06%	0.07%	0.06%
	CMG	C	0.23%	0.29%	0.23%
	CNM	C	0.02%	0.02%	0.02%
	COIN	A	0.08%	0.11%	0.08%
	COR	B	0.09%	0.14%	0.09%
	COST	A	0.94%	1.43%	0.94%
	CPAY	A	0.04%	0.08%	0.04%
	CPNG	D	0.12%	0.1%	0.1%
	CPRT	B	0.1%	0.15%	0.1%
	CRM	B	0.44%	0.79%	0.44%
	CROX	F	0.05%	0.01%	0.01%
	CRWD	B	0.11%	0.23%	0.11%
	CSL	C	0.13%	0.01%	0.01%
	CTAS	B	0.12%	0.24%	0.12%
	CVNA	A	0.09%	0.02%	0.02%
	DASH	A	0.06%	0.16%	0.06%
	DAY	B	0.0%	0.0%	0.0%
	DBX	C	0.01%	0.01%	0.01%
	DDOG	A	0.05%	0.12%	0.05%
	DECK	A	0.16%	0.09%	0.09%
	DELL	B	0.05%	0.02%	0.02%
	DKNG	B	0.01%	0.06%	0.01%
	DKS	D	0.08%	0.0%	0.0%
	DOCS	C	0.02%	0.0%	0.0%
	DOCU	B	0.05%	0.05%	0.05%
	DPZ	C	0.01%	0.02%	0.01%
	DRI	C	0.1%	0.04%	0.04%
	DT	C	0.02%	0.06%	0.02%
	DUOL	A	0.01%	0.04%	0.01%
	DVA	C	0.01%	0.03%	0.01%
	DXCM	C	0.05%	0.1%	0.05%
	ECL	D	0.06%	0.2%	0.06%
	EFX	F	0.02%	0.03%	0.02%
	EG	D	0.08%	0.01%	0.01%
	EL	F	0.02%	0.03%	0.02%
	ELF	C	0.01%	0.02%	0.01%
	ELV	F	0.13%	0.07%	0.07%
	EME	A	0.14%	0.03%	0.03%
	ENPH	F	0.01%	0.05%	0.01%
	ENTG	F	0.02%	0.06%	0.02%
	EPAM	C	0.04%	0.0%	0.0%
	EQH	B	0.09%	0.05%	0.05%
	EQT	A	0.11%	0.0%	0.0%
	ESTC	C	0.01%	0.02%	0.01%
	ETSY	D	0.0%	0.02%	0.0%
	EW	C	0.08%	0.03%	0.03%
	EXAS	D	0.01%	0.02%	0.01%
	EXEL	B	0.03%	0.02%	0.02%
	EXP	B	0.07%	0.03%	0.03%
	EXPD	D	0.09%	0.01%	0.01%
	EXPE	B	0.04%	0.07%	0.04%
	FAST	B	0.2%	0.12%	0.12%
	FDS	B	0.04%	0.02%	0.02%
	FI	A	0.07%	0.12%	0.07%
	FICO	B	0.08%	0.14%	0.08%
	FIVE	F	0.01%	0.01%	0.01%
	FIX	A	0.1%	0.05%	0.05%
	FND	F	0.05%	0.02%	0.02%
	FOUR	A	0.01%	0.02%	0.01%
	FRPT	A	0.02%	0.01%	0.01%
	FTNT	B	0.23%	0.14%	0.14%
	GDDY	A	0.08%	0.08%	0.08%
	GE	D	0.2%	0.16%	0.16%
	GEHC	D	0.03%	0.01%	0.01%
	GLOB	C	0.02%	0.02%	0.02%
	GNRC	B	0.06%	0.02%	0.02%
	GOOG	B	1.3%	2.99%	1.3%
	GOOGL	B	1.57%	3.54%	1.57%
	GS	B	0.44%	0.15%	0.15%
	GTLB	B	0.01%	0.02%	0.01%
	GWRE	A	0.03%	0.02%	0.02%
	GWW	B	0.23%	0.14%	0.14%
	H	B	0.01%	0.0%	0.0%
	HAS	D	0.02%	0.03%	0.02%
	HCA	F	0.05%	0.07%	0.05%
	HCP	B	0.0%	0.01%	0.0%
	HD	A	0.58%	1.16%	0.58%
	HEI	A	0.01%	0.04%	0.01%
	HEI	A	0.01%	0.04%	0.01%
	HEI	A	0.01%	0.06%	0.01%
	HEI	A	0.01%	0.06%	0.01%
	HES	B	0.19%	0.09%	0.09%
	HLI	B	0.02%	0.0%	0.0%
	HLT	A	0.05%	0.11%	0.05%
	HON	B	0.15%	0.08%	0.08%
	HPQ	B	0.05%	0.03%	0.03%
	HRB	D	0.03%	0.01%	0.01%
	HSY	F	0.09%	0.01%	0.01%
	HUBS	B	0.05%	0.09%	0.05%
	HWM	A	0.05%	0.01%	0.01%
	IDXX	F	0.11%	0.15%	0.11%
	INCY	C	0.03%	0.0%	0.0%
	INSP	F	0.0%	0.02%	0.0%
	INTU	B	0.27%	0.62%	0.27%
	IONS	F	0.01%	0.02%	0.01%
	IQV	F	0.04%	0.02%	0.02%
	ISRG	A	0.18%	0.63%	0.18%
	IT	C	0.09%	0.14%	0.09%
	ITCI	B	0.01%	0.03%	0.01%
	ITW	B	0.12%	0.11%	0.11%
	JBL	C	0.1%	0.0%	0.0%
	JEF	A	0.08%	0.01%	0.01%
	JLL	D	0.05%	0.01%	0.01%
	KBR	F	0.01%	0.0%	0.0%
	KKR	A	0.15%	0.09%	0.09%
	KLAC	F	0.21%	0.38%	0.21%
	KMB	C	0.14%	0.07%	0.07%
	KMX	C	0.05%	0.0%	0.0%
	KNSL	B	0.05%	0.04%	0.04%
	KO	D	0.4%	0.58%	0.4%
	LBRDA	C	0.0%	0.0%	0.0%
	LBRDK	C	0.02%	0.01%	0.01%
	LECO	C	0.06%	0.01%	0.01%
	LII	A	0.09%	0.07%	0.07%
	LLY	F	0.79%	2.57%	0.79%
	LMT	D	0.23%	0.14%	0.14%
	LNG	A	0.23%	0.08%	0.08%
	LNW	F	0.02%	0.03%	0.02%
	LPLA	A	0.1%	0.06%	0.06%
	LPX	B	0.06%	0.02%	0.02%
	LSCC	D	0.01%	0.02%	0.01%
	LULU	C	0.15%	0.12%	0.12%
	LVS	B	0.09%	0.06%	0.06%
	LW	C	0.02%	0.01%	0.01%
	LYFT	C	0.01%	0.01%	0.01%
	LYV	A	0.02%	0.06%	0.02%
	MA	B	0.66%	1.48%	0.66%
	MANH	D	0.06%	0.06%	0.06%
	MASI	B	0.02%	0.01%	0.01%
	MCD	D	0.16%	0.05%	0.05%
	MCK	A	0.07%	0.1%	0.07%
	MCO	D	0.1%	0.27%	0.1%
	MDB	C	0.03%	0.07%	0.03%
	MEDP	D	0.03%	0.03%	0.03%
	META	C	2.26%	4.55%	2.26%
	MKL	A	0.12%	0.02%	0.02%
	MKSI	C	0.01%	0.0%	0.0%
	MLM	B	0.14%	0.01%	0.01%
	MMC	D	0.09%	0.05%	0.05%
	MMM	D	0.19%	0.05%	0.05%
	MNST	C	0.03%	0.11%	0.03%
	MOH	F	0.07%	0.05%	0.05%
	MORN	B	0.01%	0.03%	0.01%
	MPWR	F	0.04%	0.16%	0.04%
	MRK	F	0.32%	1.04%	0.32%
	MRVL	B	0.11%	0.02%	0.02%
	MS	A	0.35%	0.03%	0.03%
	MSCI	B	0.05%	0.09%	0.05%
	MSFT	D	4.39%	11.61%	4.39%
	MSI	B	0.23%	0.13%	0.13%
	MSTR	A	0.09%	0.01%	0.01%
	MTDR	C	0.05%	0.0%	0.0%
	MTN	C	0.01%	0.02%	0.01%
	MUSA	B	0.07%	0.03%	0.03%
	NBIX	C	0.04%	0.04%	0.04%
	NCLH	B	0.08%	0.03%	0.03%
	NET	B	0.04%	0.09%	0.04%
	NFE	F	0.0%	0.0%	0.0%
	NFLX	A	0.48%	1.1%	0.48%
	NKE	F	0.17%	0.24%	0.17%
	NOW	B	0.3%	0.67%	0.3%
	NRG	B	0.05%	0.03%	0.03%
	NTAP	C	0.06%	0.04%	0.04%
	NTNX	B	0.02%	0.01%	0.01%
	NTRA	A	0.02%	0.05%	0.02%
	NU	C	0.03%	0.16%	0.03%
	NVDA	A	4.82%	10.31%	4.82%
	NXST	C	0.01%	0.01%	0.01%
	ODFL	B	0.14%	0.14%	0.14%
	OKTA	D	0.02%	0.02%	0.02%
	OLED	F	0.02%	0.02%	0.02%
	ONTO	F	0.02%	0.01%	0.01%
	ORCL	A	0.42%	0.97%	0.42%
	ORLY	B	0.07%	0.22%	0.07%
	OWL	A	0.0%	0.04%	0.0%
	PANW	B	0.19%	0.38%	0.19%
	PATH	C	0.01%	0.02%	0.01%
	PAYC	B	0.07%	0.02%	0.02%
	PAYX	B	0.17%	0.06%	0.06%
	PCOR	C	0.01%	0.02%	0.01%
	PCTY	B	0.02%	0.03%	0.02%
	PEGA	B	0.03%	0.01%	0.01%
	PEN	B	0.01%	0.03%	0.01%
	PEP	F	0.27%	0.67%	0.27%
	PFGC	B	0.06%	0.01%	0.01%
	PG	C	0.39%	0.33%	0.33%
	PGR	B	0.46%	0.45%	0.45%
	PINS	F	0.02%	0.07%	0.02%
	PLNT	A	0.01%	0.01%	0.01%
	PLTR	A	0.18%	0.27%	0.18%
	PODD	B	0.03%	0.06%	0.03%
	POOL	D	0.07%	0.05%	0.05%
	PPC	B	0.02%	0.0%	0.0%
	PR	B	0.06%	0.01%	0.01%
	PSTG	F	0.04%	0.05%	0.04%
	PTC	B	0.03%	0.05%	0.03%
	PWR	A	0.09%	0.05%	0.05%
	QCOM	F	0.48%	0.65%	0.48%
	RARE	F	0.0%	0.02%	0.0%
	RBLX	B	0.01%	0.08%	0.01%
	RCL	A	0.28%	0.05%	0.05%
	REGN	F	0.14%	0.03%	0.03%
	RGEN	F	0.01%	0.0%	0.0%
	RH	D	0.0%	0.0%	0.0%
	RLI	A	0.03%	0.0%	0.0%
	RMD	C	0.07%	0.04%	0.04%
	ROK	B	0.04%	0.01%	0.01%
	ROKU	D	0.02%	0.01%	0.01%
	ROL	B	0.03%	0.05%	0.03%
	ROST	D	0.21%	0.04%	0.04%
	RPM	B	0.1%	0.01%	0.01%
	RYAN	B	0.01%	0.02%	0.01%
	S	B	0.01%	0.0%	0.0%
	SAIA	C	0.07%	0.02%	0.02%
	SAM	C	0.0%	0.0%	0.0%
	SBUX	A	0.09%	0.31%	0.09%
	SCHW	A	0.21%	0.04%	0.04%
	SEE	D	0.01%	0.0%	0.0%
	SHW	C	0.14%	0.3%	0.14%
	SITE	D	0.01%	0.01%	0.01%
	SKX	F	0.05%	0.0%	0.0%
	SMAR	A	0.01%	0.03%	0.01%
	SMCI	F	0.01%	0.07%	0.01%
	SN	D	0.02%	0.01%	0.01%
	SNOW	C	0.05%	0.13%	0.05%
	SNPS	C	0.12%	0.28%	0.12%
	SOFI	A	0.04%	0.0%	0.0%
	SPOT	B	0.07%	0.2%	0.07%
	SQ	A	0.07%	0.06%	0.06%
	SRPT	F	0.01%	0.04%	0.01%
	SSD	D	0.04%	0.0%	0.0%
	SYK	A	0.12%	0.14%	0.12%
	SYY	D	0.07%	0.09%	0.07%
	TDC	D	0.0%	0.01%	0.0%
	TDG	D	0.07%	0.06%	0.06%
	TEAM	A	0.05%	0.09%	0.05%
	TER	F	0.05%	0.07%	0.05%
	TJX	A	0.44%	0.29%	0.29%
	TKO	A	0.0%	0.0%	0.0%
	TOST	A	0.02%	0.05%	0.02%
	TPG	A	0.0%	0.0%	0.0%
	TPL	A	0.13%	0.06%	0.06%
	TPX	B	0.02%	0.03%	0.02%
	TREX	D	0.04%	0.03%	0.03%
	TRGP	A	0.27%	0.12%	0.12%
	TRU	D	0.02%	0.0%	0.0%
	TSCO	D	0.17%	0.11%	0.11%
	TSLA	A	0.78%	2.64%	0.78%
	TT	A	0.14%	0.11%	0.11%
	TTD	B	0.05%	0.18%	0.05%
	TTEK	F	0.01%	0.01%	0.01%
	TW	A	0.02%	0.02%	0.02%
	TWLO	A	0.04%	0.01%	0.01%
	TXG	F	0.0%	0.01%	0.0%
	TXN	C	0.26%	0.08%	0.08%
	TXRH	B	0.09%	0.04%	0.04%
	TYL	B	0.04%	0.08%	0.04%
	U	F	0.01%	0.01%	0.01%
	UBER	F	0.09%	0.55%	0.09%
	UHAL	D	0.03%	0.0%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.03%	0.01%	0.01%
	UHAL	D	0.0%	0.0%	0.0%
	UI	A	0.01%	0.0%	0.0%
	ULTA	F	0.11%	0.06%	0.06%
	UNH	C	0.36%	0.13%	0.13%
	UNP	D	0.47%	0.26%	0.26%
	URI	B	0.2%	0.05%	0.05%
	V	A	0.59%	1.57%	0.59%
	VEEV	C	0.05%	0.11%	0.05%
	VKTX	F	0.01%	0.02%	0.01%
	VLTO	C	0.06%	0.05%	0.05%
	VMC	B	0.05%	0.03%	0.03%
	VRSK	B	0.12%	0.14%	0.12%
	VRSN	F	0.02%	0.0%	0.0%
	VRT	A	0.13%	0.13%	0.13%
	VRTX	D	0.25%	0.22%	0.22%
	VST	A	0.13%	0.15%	0.13%
	VVV	D	0.01%	0.02%	0.01%
	WAT	C	0.05%	0.05%	0.05%
	WDAY	C	0.08%	0.19%	0.08%
	WEX	F	0.01%	0.0%	0.0%
	WFRD	F	0.05%	0.02%	0.02%
	WH	B	0.01%	0.0%	0.0%
	WING	D	0.01%	0.04%	0.01%
	WM	B	0.13%	0.3%	0.13%
	WMS	F	0.06%	0.02%	0.02%
	WSC	F	0.01%	0.01%	0.01%
	WSM	D	0.11%	0.04%	0.04%
	WST	D	0.05%	0.05%	0.05%
	WYNN	D	0.01%	0.0%	0.0%
	XP	F	0.01%	0.0%	0.0%
	XPO	B	0.04%	0.04%	0.04%
	YUM	D	0.04%	0.05%	0.04%
	ZBRA	B	0.03%	0.01%	0.01%
	ZS	B	0.03%	0.06%	0.03%
	ZTS	D	0.2%	0.27%	0.2%

AVLC Overweight 615 Positions Relative to VONG

	Symbol	Grade	Weight
	JPM	A	1.19%
	XOM	B	1.04%
	BRK.A	B	0.67%
	CVX	A	0.64%
	WMT	A	0.64%
	JNJ	D	0.58%
	WFC	A	0.55%
	VZ	C	0.45%
	T	A	0.42%
	BAC	A	0.42%
	MELI	D	0.39%
	CMCSA	B	0.38%
	COP	B	0.38%
	GILD	C	0.35%
	LRCX	F	0.34%
	ACN	C	0.32%
	PYPL	B	0.32%
	GM	B	0.31%
	TMUS	B	0.31%
	EOG	A	0.3%
	DE	C	0.3%
	CSCO	B	0.3%
	WMB	A	0.29%
	TGT	B	0.29%
	IBM	C	0.27%
	FDX	B	0.26%
	TRV	A	0.26%
	CSX	C	0.26%
	PCAR	C	0.25%
	C	B	0.23%
	COF	B	0.23%
	USB	B	0.23%
	DAL	A	0.23%
	APD	A	0.22%
	NSC	B	0.22%
	CB	C	0.22%
	PNC	B	0.22%
	MPC	D	0.22%
	LIN	D	0.21%
	CMI	A	0.21%
	ABT	A	0.2%
	F	C	0.2%
	OKE	A	0.2%
	MET	A	0.2%
	KR	B	0.2%
	AIG	C	0.2%
	TFC	A	0.19%
	UPS	C	0.19%
	HIG	B	0.19%
	AFL	C	0.19%
	UAL	A	0.19%
	PSX	C	0.19%
	BK	B	0.18%
	PM	A	0.18%
	DIS	B	0.18%
	PRU	B	0.18%
	BMY	A	0.18%
	FCX	F	0.18%
	BLK	B	0.18%
	BKR	B	0.18%
	VLO	C	0.17%
	LEN	D	0.17%
	MU	D	0.17%
	FANG	D	0.17%
	NUE	D	0.16%
	DUK	C	0.16%
	INTC	C	0.16%
	RTX	D	0.16%
	ACGL	D	0.15%
	ADI	D	0.15%
	OXY	F	0.15%
	TMO	F	0.15%
	PFE	F	0.15%
	SYF	B	0.15%
	FITB	B	0.14%
	DOW	F	0.14%
	AEP	C	0.14%
	DVN	F	0.14%
	ETN	B	0.14%
	EBAY	D	0.14%
	CTSH	C	0.13%
	SO	C	0.13%
	IP	A	0.13%
	CCL	A	0.13%
	DHR	D	0.13%
	HAL	C	0.13%
	PCG	A	0.13%
	GEV	A	0.13%
	BBY	D	0.12%
	MTB	A	0.12%
	MDT	D	0.12%
	CME	A	0.12%
	ETR	A	0.12%
	SFM	A	0.12%
	FCNCA	A	0.12%
	PHM	D	0.12%
	DHI	D	0.12%
	LOW	C	0.12%
	STLD	B	0.12%
	PKG	B	0.12%
	BSX	A	0.12%
	ON	F	0.12%
	HBAN	B	0.11%
	NTRS	A	0.11%
	OC	A	0.11%
	ADM	D	0.11%
	MRO	A	0.11%
	XEL	A	0.11%
	LYB	F	0.11%
	RJF	A	0.11%
	GRMN	B	0.1%
	AON	B	0.1%
	TROW	B	0.1%
	PEG	C	0.1%
	STT	B	0.1%
	FLEX	B	0.1%
	SW	A	0.1%
	CTRA	B	0.1%
	UTHR	C	0.1%
	NVR	D	0.1%
	KMI	A	0.1%
	EXC	C	0.1%
	FSLR	F	0.1%
	MO	A	0.09%
	VTRS	A	0.09%
	SPGI	D	0.09%
	ROP	C	0.09%
	MDLZ	F	0.09%
	SLB	C	0.09%
	GLW	B	0.09%
	PFG	C	0.09%
	PH	B	0.09%
	EIX	C	0.09%
	CF	A	0.09%
	CNC	F	0.08%
	OVV	C	0.08%
	NXPI	F	0.08%
	JBHT	C	0.08%
	RGA	B	0.08%
	BG	D	0.08%
	LUV	B	0.08%
	BJ	B	0.08%
	SNA	B	0.08%
	RF	A	0.08%
	AEE	A	0.08%
	CTVA	C	0.08%
	TPR	B	0.08%
	FNF	A	0.08%
	HPE	B	0.08%
	FTI	A	0.08%
	ED	C	0.08%
	DFS	B	0.08%
	CFG	B	0.08%
	EWBC	A	0.08%
	ICE	C	0.07%
	DTE	C	0.07%
	L	A	0.07%
	SWKS	F	0.07%
	CINF	A	0.07%
	WCC	B	0.07%
	JXN	C	0.07%
	DLTR	F	0.07%
	WRB	B	0.07%
	MLI	B	0.07%
	TOL	B	0.07%
	INGR	B	0.07%
	PPL	A	0.07%
	RS	B	0.07%
	NEE	C	0.07%
	RNR	C	0.07%
	SRE	A	0.07%
	PRI	A	0.07%
	UNM	A	0.06%
	COKE	C	0.06%
	KVUE	A	0.06%
	WAL	B	0.06%
	UHS	D	0.06%
	CMA	B	0.06%
	IFF	D	0.06%
	ATI	C	0.06%
	GL	C	0.06%
	CMS	C	0.06%
	CARR	D	0.06%
	GPC	F	0.06%
	AFG	A	0.06%
	GPK	D	0.06%
	A	F	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%
	CBRE	B	0.06%
	BALL	D	0.06%
	AES	F	0.06%
	VMI	B	0.05%
	ORI	A	0.05%
	ENSG	D	0.05%
	NOC	D	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%
	KHC	F	0.05%
	RHI	C	0.05%
	PNW	B	0.05%
	WBS	A	0.05%
	MKTX	D	0.05%
	ZBH	C	0.05%
	ARW	F	0.05%
	CBT	C	0.05%
	HUM	D	0.05%
	WTFC	B	0.05%
	ATO	A	0.05%
	CHD	A	0.05%
	MCHP	F	0.05%
	D	C	0.05%
	GD	D	0.05%
	BWA	D	0.05%
	ALV	C	0.05%
	PPG	F	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%
	AME	A	0.05%
	AXS	A	0.05%
	WSO	A	0.05%
	CRBG	B	0.05%
	BDX	F	0.05%
	R	B	0.05%
	HOOD	A	0.05%
	EMR	A	0.05%
	CHTR	B	0.05%
	KEY	B	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%
	LNT	A	0.04%
	STE	D	0.04%
	KNX	B	0.04%
	FMC	D	0.04%
	SNX	D	0.04%
	KEX	B	0.04%
	ILMN	C	0.04%
	HUBB	B	0.04%
	NSIT	F	0.04%
	JCI	B	0.04%
	XYL	D	0.04%
	DINO	D	0.04%
	FN	B	0.04%
	LH	B	0.04%
	CMC	B	0.04%
	CRUS	F	0.04%
	APTV	F	0.04%
	MTG	D	0.04%
	OGE	A	0.04%
	WCN	A	0.04%
	OTIS	C	0.04%
	HII	F	0.04%
	ITT	A	0.04%
	KBH	D	0.04%
	KD	A	0.04%
	CSGP	F	0.04%
	WEC	A	0.04%
	AXTA	B	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%
	WAB	B	0.04%
	ANSS	B	0.04%
	GAP	D	0.04%
	LSTR	D	0.04%
	SF	B	0.04%
	CBSH	A	0.04%
	AYI	B	0.04%
	CHX	C	0.04%
	CFR	B	0.04%
	OMF	A	0.04%
	EMN	D	0.04%
	MHK	D	0.04%
	DOX	D	0.03%
	LDOS	C	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%
	BCC	C	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%
	GME	C	0.03%
	NWSA	B	0.03%
	FFIV	B	0.03%
	X	C	0.03%
	AFRM	A	0.03%
	HALO	F	0.03%
	BIIB	F	0.03%
	OLN	F	0.03%
	NYT	D	0.03%
	CTLT	D	0.03%
	AWK	C	0.03%
	MTZ	A	0.03%
	HLNE	A	0.03%
	WWD	B	0.03%
	EXPO	D	0.03%
	VOYA	B	0.03%
	BMRN	F	0.03%
	STX	D	0.03%
	CBOE	C	0.03%
	MTD	F	0.03%
	LHX	B	0.03%
	WDC	F	0.03%
	MUR	F	0.03%
	PVH	C	0.03%
	AKAM	F	0.03%
	HOLX	D	0.03%
	GNTX	F	0.03%
	EHC	B	0.03%
	RGLD	C	0.03%
	TTWO	A	0.03%
	RIVN	F	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%
	K	B	0.03%
	ALK	A	0.03%
	CW	B	0.03%
	SSB	B	0.03%
	VFC	C	0.03%
	TTC	F	0.03%
	TDY	B	0.03%
	CIEN	B	0.03%
	WBD	B	0.03%
	APA	F	0.03%
	AR	B	0.03%
	PNFP	B	0.03%
	LEA	F	0.03%
	CVLT	B	0.03%
	SNV	B	0.03%
	AOS	F	0.03%
	ONB	B	0.03%
	PNR	B	0.02%
	EXLS	B	0.02%
	ROIV	D	0.02%
	MSA	D	0.02%
	BC	D	0.02%
	INSM	C	0.02%
	MAS	D	0.02%
	RBC	A	0.02%
	OMC	C	0.02%
	SWK	F	0.02%
	QRVO	F	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%
	ALSN	B	0.02%
	OZK	B	0.02%
	WTW	B	0.02%
	FSS	B	0.02%
	NOV	D	0.02%
	SIGI	B	0.02%
	DAR	B	0.02%
	BMI	C	0.02%
	FLR	B	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%
	FLS	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%
	MTH	D	0.02%
	CNP	A	0.02%
	COOP	B	0.02%
	CG	B	0.02%
	NEM	D	0.02%
	OSK	C	0.02%
	CSWI	A	0.02%
	FOX	A	0.02%
	M	D	0.02%
	HESM	A	0.02%
	MGY	A	0.02%
	PCVX	D	0.02%
	NDAQ	A	0.02%
	JNPR	D	0.02%
	QLYS	C	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%
	CADE	B	0.02%
	TRMB	B	0.02%
	ALLE	D	0.02%
	ERIE	F	0.02%
	ACM	B	0.02%
	RPRX	F	0.02%
	TFX	F	0.02%
	WLK	F	0.02%
	NI	A	0.02%
	PB	A	0.02%
	SATS	C	0.02%
	GFS	C	0.01%
	SNAP	D	0.01%
	RMBS	C	0.01%
	FLUT	A	0.01%
	PAG	B	0.01%
	NEU	D	0.01%
	SMMT	D	0.01%
	ADTN	A	0.01%
	PI	D	0.01%
	RRX	B	0.01%
	ZG	A	0.01%
	BBWI	C	0.01%
	TNET	F	0.01%
	CYTK	D	0.01%
	CHWY	B	0.01%
	LCID	F	0.01%
	GTLS	A	0.01%
	CWEN	C	0.01%
	TDW	F	0.01%
	LEN	D	0.01%
	VAL	F	0.01%
	NOVT	D	0.01%
	VERX	A	0.01%
	SUM	B	0.01%
	ALTR	B	0.01%
	WTRG	B	0.01%
	CAG	F	0.01%
	CPB	D	0.01%
	NDSN	D	0.01%
	GXO	B	0.01%
	HQY	A	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%
	NPAB	F	0.01%
	ACHC	F	0.01%
	PSN	C	0.01%
	IPG	F	0.01%
	DLB	F	0.01%
	HSIC	C	0.01%
	SOLV	F	0.01%
	KRYS	C	0.01%
	AGR	A	0.01%
	CWAN	B	0.01%
	RRR	F	0.01%
	CWST	A	0.01%
	SSNC	C	0.01%
	VRNS	D	0.01%
	LKQ	F	0.01%
	MTCH	F	0.01%
	ATKR	D	0.01%
	BECN	B	0.01%
	VNT	C	0.01%
	CACI	C	0.01%
	USFD	A	0.01%
	AVTR	F	0.01%
	PARA	D	0.01%
	MARA	C	0.01%
	BOKF	B	0.01%
	OGN	F	0.01%
	SJM	D	0.01%
	GPN	C	0.01%
	J	D	0.01%
	BERY	D	0.01%
	MTSI	B	0.01%
	IDA	A	0.01%
	LEVI	F	0.01%
	CRL	D	0.01%
	MGM	D	0.01%
	BEN	C	0.01%
	MIDD	D	0.01%
	BCPC	B	0.01%
	DGX	A	0.01%
	NFG	A	0.01%
	LUMN	C	0.01%
	AN	D	0.01%
	BYD	B	0.01%
	SPSC	F	0.01%
	WTS	B	0.01%
	BIO	C	0.01%
	ZWS	B	0.01%
	LNC	B	0.01%
	MDGL	C	0.01%
	MKC	D	0.01%
	GKOS	A	0.01%
	PFSI	C	0.01%
	IOT	A	0.01%
	AL	B	0.01%
	PBF	D	0.01%
	FTV	D	0.01%
	THO	C	0.01%
	ELAN	D	0.01%
	SM	C	0.01%
	CR	A	0.01%
	ALB	B	0.01%
	LANC	D	0.01%
	AUR	C	0.01%
	NVST	C	0.0%
	CRSP	D	0.0%
	WOLF	F	0.0%
	WHR	B	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%
	SIRI	D	0.0%
	WBA	F	0.0%
	UGI	C	0.0%
	BRZE	C	0.0%
	CRVL	A	0.0%
	BBIO	F	0.0%
	GBCI	B	0.0%
	AGO	A	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%
	RDN	D	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%
	OPCH	F	0.0%
	W	D	0.0%
	BIRK	D	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%
	XRAY	D	0.0%
	REYN	D	0.0%
	CNA	C	0.0%
	NUVL	D	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%
	SLGN	A	0.0%
	APG	C	0.0%
	BPMC	C	0.0%

AVLC Underweight 24 Positions Relative to VONG

	Symbol	Grade	Weight
	AMT	D	-0.39%
	IRM	C	-0.07%
	SPG	A	-0.05%
	SCCO	F	-0.04%
	PSA	C	-0.03%
	EQIX	A	-0.02%
	WEN	C	-0.01%
	NCNO	B	-0.01%
	FIVN	C	-0.01%
	RNG	C	-0.01%
	LAMR	D	-0.01%
	TRIP	F	-0.0%
	PYCR	C	-0.0%
	FTRE	D	-0.0%
	CC	D	-0.0%
	MSGS	B	-0.0%
	IRDM	F	-0.0%
	SPR	D	-0.0%
	UWMC	D	-0.0%
	DJT	C	-0.0%
	WU	F	-0.0%
	YETI	D	-0.0%
	LOPE	B	-0.0%
	DV	C	-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 Dow Jones Component IBD 50 Insurance Products Biotechnology Building Materials

VONG: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Leisure Semiconductor Equipment & Materials Credit Services Household & Personal Products Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Software Insurance Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Natural Gas Semiconductor Operating System Telecommunications Payment Systems Retailing