AVMC vs. IWB ETF Comparison

Comparison of Avantis U.S. Mid Cap Equity ETF (AVMC) to iShares Russell 1000 ETF (IWB)

AVMC

Avantis U.S. Mid Cap Equity ETF

AVMC Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$69.51

Average Daily Volume

8,425

Number of Holdings ^*

518

* may have additional holdings in another (foreign) market

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$328.90

Average Daily Volume

791,576

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

Performance

Period	AVMC	IWB
30 Days	7.92%	3.82%
60 Days	8.98%	5.33%
90 Days	10.86%	7.10%
12 Months	35.44%	33.41%

474 Overlapping Holdings

	Symbol	Grade	Weight in AVMC	Weight in IWB	Overlap
	A	D	0.34%	0.07%	0.07%
	AA	B	0.07%	0.02%	0.02%
	ACGL	D	0.54%	0.07%	0.07%
	ACM	A	0.18%	0.03%	0.03%
	ADM	D	0.19%	0.05%	0.05%
	AEE	A	0.2%	0.04%	0.04%
	AES	F	0.08%	0.02%	0.02%
	AFG	A	0.17%	0.02%	0.02%
	AFRM	B	0.17%	0.02%	0.02%
	AGCO	D	0.1%	0.01%	0.01%
	AGR	B	0.01%	0.0%	0.0%
	AIZ	A	0.18%	0.02%	0.02%
	AKAM	D	0.21%	0.02%	0.02%
	ALB	C	0.18%	0.02%	0.02%
	ALGN	D	0.23%	0.03%	0.03%
	ALLE	D	0.18%	0.02%	0.02%
	ALLY	C	0.18%	0.02%	0.02%
	ALSN	B	0.17%	0.02%	0.02%
	AM	A	0.09%	0.01%	0.01%
	AMCR	D	0.19%	0.03%	0.03%
	AMG	B	0.08%	0.01%	0.01%
	AMKR	D	0.05%	0.01%	0.01%
	AN	C	0.08%	0.01%	0.01%
	AOS	F	0.15%	0.02%	0.02%
	APA	D	0.13%	0.02%	0.02%
	APG	B	0.1%	0.01%	0.01%
	APP	B	0.81%	0.14%	0.14%
	APTV	D	0.22%	0.03%	0.03%
	AR	B	0.17%	0.02%	0.02%
	ARMK	B	0.13%	0.02%	0.02%
	ARW	D	0.1%	0.01%	0.01%
	ATI	D	0.12%	0.01%	0.01%
	ATO	A	0.29%	0.04%	0.04%
	ATR	B	0.18%	0.02%	0.02%
	AVY	D	0.24%	0.03%	0.03%
	AWK	D	0.22%	0.05%	0.05%
	AXON	A	0.12%	0.08%	0.08%
	AXS	A	0.13%	0.01%	0.01%
	AXTA	A	0.13%	0.02%	0.02%
	AYI	B	0.17%	0.02%	0.02%
	BAH	F	0.33%	0.04%	0.04%
	BALL	D	0.25%	0.03%	0.03%
	BAX	D	0.13%	0.03%	0.03%
	BBY	D	0.3%	0.04%	0.04%
	BC	C	0.08%	0.01%	0.01%
	BEN	C	0.09%	0.01%	0.01%
	BERY	B	0.1%	0.01%	0.01%
	BFAM	D	0.06%	0.01%	0.01%
	BIIB	F	0.29%	0.04%	0.04%
	BILL	A	0.13%	0.02%	0.02%
	BIO	D	0.08%	0.01%	0.01%
	BJ	A	0.18%	0.02%	0.02%
	BLD	D	0.16%	0.02%	0.02%
	BLDR	D	0.35%	0.04%	0.04%
	BMRN	D	0.16%	0.02%	0.02%
	BOKF	B	0.04%	0.0%	0.0%
	BPOP	B	0.1%	0.01%	0.01%
	BR	A	0.38%	0.05%	0.05%
	BRKR	D	0.05%	0.01%	0.01%
	BRO	B	0.25%	0.05%	0.05%
	BSY	D	0.16%	0.01%	0.01%
	BURL	A	0.17%	0.03%	0.03%
	BWA	D	0.13%	0.01%	0.01%
	BWXT	B	0.19%	0.02%	0.02%
	BYD	C	0.07%	0.01%	0.01%
	CACC	D	0.03%	0.01%	0.01%
	CASY	A	0.27%	0.03%	0.03%
	CBOE	B	0.29%	0.04%	0.04%
	CBRE	B	0.45%	0.07%	0.07%
	CBSH	A	0.12%	0.02%	0.02%
	CCK	C	0.15%	0.02%	0.02%
	CCL	B	0.52%	0.05%	0.05%
	CDW	F	0.4%	0.04%	0.04%
	CELH	F	0.03%	0.01%	0.01%
	CF	B	0.3%	0.03%	0.03%
	CFG	B	0.32%	0.04%	0.04%
	CFR	B	0.13%	0.02%	0.02%
	CG	A	0.19%	0.02%	0.02%
	CGNX	C	0.08%	0.01%	0.01%
	CHD	B	0.37%	0.05%	0.05%
	CHDN	B	0.09%	0.02%	0.02%
	CHE	D	0.12%	0.02%	0.02%
	CHH	A	0.07%	0.01%	0.01%
	CHRD	D	0.11%	0.01%	0.01%
	CHRW	C	0.14%	0.02%	0.02%
	CIEN	B	0.15%	0.02%	0.02%
	CINF	A	0.34%	0.04%	0.04%
	CIVI	D	0.09%	0.01%	0.01%
	CLF	F	0.1%	0.01%	0.01%
	CLH	B	0.22%	0.02%	0.02%
	CLVT	F	0.02%	0.0%	0.0%
	CLX	B	0.25%	0.04%	0.04%
	CMA	A	0.18%	0.02%	0.02%
	CMI	A	0.57%	0.09%	0.09%
	CMS	C	0.18%	0.04%	0.04%
	CNA	B	0.02%	0.0%	0.0%
	CNC	D	0.15%	0.06%	0.06%
	CNM	D	0.07%	0.02%	0.02%
	CNP	B	0.08%	0.04%	0.04%
	CNXC	F	0.0%	0.0%	0.0%
	COHR	B	0.16%	0.02%	0.02%
	COIN	C	0.53%	0.11%	0.11%
	COKE	C	0.08%	0.01%	0.01%
	COLB	A	0.03%	0.01%	0.01%
	COLM	B	0.04%	0.01%	0.01%
	CPAY	A	0.34%	0.05%	0.05%
	CPB	D	0.08%	0.02%	0.02%
	CR	A	0.1%	0.02%	0.02%
	CROX	D	0.07%	0.01%	0.01%
	CSGP	D	0.38%	0.05%	0.05%
	CSL	C	0.4%	0.04%	0.04%
	CTLT	B	0.13%	0.02%	0.02%
	CTRA	B	0.34%	0.03%	0.03%
	CTSH	B	0.16%	0.07%	0.07%
	CTVA	C	0.14%	0.07%	0.07%
	CWEN	C	0.02%	0.0%	0.0%
	CWEN	C	0.01%	0.0%	0.0%
	CWEN	C	0.02%	0.0%	0.0%
	CWEN	C	0.01%	0.0%	0.0%
	CZR	F	0.1%	0.01%	0.01%
	DAL	C	0.62%	0.08%	0.08%
	DAR	C	0.08%	0.01%	0.01%
	DCI	B	0.15%	0.02%	0.02%
	DD	D	0.46%	0.06%	0.06%
	DDS	B	0.03%	0.0%	0.0%
	DECK	A	0.47%	0.05%	0.05%
	DFS	B	0.64%	0.08%	0.08%
	DG	F	0.13%	0.03%	0.03%
	DINO	D	0.13%	0.01%	0.01%
	DKS	C	0.12%	0.02%	0.02%
	DLB	B	0.07%	0.01%	0.01%
	DLTR	F	0.11%	0.02%	0.02%
	DOV	A	0.39%	0.05%	0.05%
	DOW	F	0.34%	0.06%	0.06%
	DRI	B	0.31%	0.04%	0.04%
	DTE	C	0.2%	0.05%	0.05%
	DTM	B	0.16%	0.02%	0.02%
	DVA	B	0.12%	0.01%	0.01%
	DVN	F	0.45%	0.04%	0.04%
	DXCM	D	0.11%	0.06%	0.06%
	EA	A	0.48%	0.08%	0.08%
	EBAY	D	0.3%	0.06%	0.06%
	ED	D	0.31%	0.06%	0.06%
	EFX	F	0.37%	0.06%	0.06%
	EG	C	0.24%	0.03%	0.03%
	EHC	B	0.14%	0.02%	0.02%
	EIX	B	0.13%	0.06%	0.06%
	EL	F	0.02%	0.03%	0.02%
	ELAN	D	0.1%	0.01%	0.01%
	EME	C	0.44%	0.04%	0.04%
	EMN	D	0.21%	0.02%	0.02%
	ENPH	F	0.05%	0.01%	0.01%
	ENTG	D	0.05%	0.03%	0.03%
	EPAM	C	0.16%	0.02%	0.02%
	EQH	B	0.29%	0.03%	0.03%
	EQT	B	0.35%	0.05%	0.05%
	ES	D	0.11%	0.04%	0.04%
	ESAB	B	0.09%	0.01%	0.01%
	ETR	B	0.36%	0.06%	0.06%
	EVR	B	0.2%	0.02%	0.02%
	EVRG	A	0.13%	0.03%	0.03%
	EWBC	A	0.25%	0.03%	0.03%
	EXC	C	0.1%	0.07%	0.07%
	EXEL	B	0.16%	0.02%	0.02%
	EXP	A	0.18%	0.02%	0.02%
	EXPD	D	0.31%	0.03%	0.03%
	EXPE	B	0.34%	0.04%	0.04%
	FAF	A	0.1%	0.01%	0.01%
	FANG	D	0.1%	0.06%	0.06%
	FBIN	D	0.15%	0.02%	0.02%
	FCNCA	A	0.47%	0.05%	0.05%
	FDS	B	0.29%	0.03%	0.03%
	FE	C	0.12%	0.04%	0.04%
	FFIV	B	0.21%	0.03%	0.03%
	FHN	A	0.1%	0.02%	0.02%
	FIS	C	0.5%	0.09%	0.09%
	FITB	A	0.53%	0.06%	0.06%
	FIX	A	0.26%	0.03%	0.03%
	FLO	D	0.03%	0.01%	0.01%
	FLS	B	0.11%	0.01%	0.01%
	FMC	D	0.06%	0.01%	0.01%
	FND	C	0.15%	0.02%	0.02%
	FNF	B	0.24%	0.03%	0.03%
	FOX	A	0.1%	0.01%	0.01%
	FOXA	B	0.22%	0.02%	0.02%
	FRPT	B	0.05%	0.01%	0.01%
	FSLR	F	0.26%	0.04%	0.04%
	FTI	A	0.26%	0.02%	0.02%
	FYBR	D	0.07%	0.02%	0.02%
	G	B	0.09%	0.02%	0.02%
	GAP	C	0.09%	0.01%	0.01%
	GDDY	A	0.25%	0.05%	0.05%
	GEHC	F	0.38%	0.07%	0.07%
	GFS	C	0.06%	0.01%	0.01%
	GGG	B	0.24%	0.03%	0.03%
	GIS	D	0.24%	0.07%	0.07%
	GL	B	0.16%	0.02%	0.02%
	GLW	B	0.55%	0.07%	0.07%
	GME	C	0.16%	0.02%	0.02%
	GMED	A	0.13%	0.02%	0.02%
	GNRC	B	0.14%	0.02%	0.02%
	GNTX	C	0.11%	0.01%	0.01%
	GPC	D	0.19%	0.03%	0.03%
	GPK	C	0.12%	0.02%	0.02%
	GRMN	B	0.48%	0.06%	0.06%
	GWRE	A	0.19%	0.03%	0.03%
	H	B	0.06%	0.01%	0.01%
	HAS	D	0.11%	0.02%	0.02%
	HBAN	A	0.41%	0.05%	0.05%
	HIG	B	0.63%	0.06%	0.06%
	HII	D	0.1%	0.01%	0.01%
	HOLX	D	0.19%	0.03%	0.03%
	HPE	B	0.44%	0.05%	0.05%
	HRB	D	0.15%	0.02%	0.02%
	HRL	D	0.12%	0.02%	0.02%
	HSY	F	0.17%	0.05%	0.05%
	HUBB	B	0.35%	0.04%	0.04%
	HWM	A	0.51%	0.08%	0.08%
	HXL	D	0.06%	0.01%	0.01%
	IDA	A	0.04%	0.01%	0.01%
	IDXX	F	0.09%	0.06%	0.06%
	IEX	B	0.22%	0.03%	0.03%
	IFF	D	0.18%	0.04%	0.04%
	ILMN	D	0.14%	0.04%	0.04%
	INCY	C	0.17%	0.02%	0.02%
	INGR	B	0.15%	0.02%	0.02%
	IP	B	0.32%	0.04%	0.04%
	IPG	D	0.11%	0.02%	0.02%
	IQV	D	0.08%	0.06%	0.06%
	IR	B	0.46%	0.08%	0.08%
	IT	C	0.55%	0.07%	0.07%
	ITT	A	0.2%	0.02%	0.02%
	IVZ	B	0.09%	0.01%	0.01%
	J	F	0.18%	0.03%	0.03%
	JAZZ	B	0.13%	0.01%	0.01%
	JBHT	C	0.26%	0.03%	0.03%
	JBL	B	0.35%	0.03%	0.03%
	JEF	A	0.17%	0.02%	0.02%
	JKHY	D	0.19%	0.02%	0.02%
	JLL	D	0.16%	0.02%	0.02%
	JNPR	F	0.09%	0.02%	0.02%
	K	A	0.32%	0.04%	0.04%
	KBR	F	0.11%	0.01%	0.01%
	KEX	C	0.13%	0.01%	0.01%
	KEY	B	0.29%	0.03%	0.03%
	KEYS	A	0.39%	0.05%	0.05%
	KMX	B	0.21%	0.02%	0.02%
	KNSL	B	0.21%	0.02%	0.02%
	KNX	B	0.1%	0.02%	0.02%
	KR	B	0.12%	0.07%	0.07%
	KVUE	A	0.2%	0.08%	0.08%
	L	A	0.24%	0.03%	0.03%
	LAD	A	0.19%	0.02%	0.02%
	LBRDA	C	0.03%	0.0%	0.0%
	LBRDK	C	0.15%	0.02%	0.02%
	LCID	F	0.02%	0.0%	0.0%
	LDOS	C	0.28%	0.04%	0.04%
	LEA	D	0.08%	0.01%	0.01%
	LECO	B	0.18%	0.02%	0.02%
	LFUS	F	0.09%	0.01%	0.01%
	LH	C	0.25%	0.04%	0.04%
	LII	A	0.36%	0.04%	0.04%
	LKQ	D	0.01%	0.02%	0.01%
	LNT	A	0.13%	0.03%	0.03%
	LNW	D	0.12%	0.02%	0.02%
	LPLA	A	0.42%	0.04%	0.04%
	LSCC	D	0.09%	0.01%	0.01%
	LSTR	D	0.11%	0.01%	0.01%
	LULU	C	0.07%	0.07%	0.07%
	LUV	C	0.28%	0.04%	0.04%
	LW	C	0.12%	0.02%	0.02%
	LYB	F	0.37%	0.04%	0.04%
	LYV	A	0.13%	0.04%	0.04%
	MANH	D	0.29%	0.03%	0.03%
	MAS	D	0.11%	0.03%	0.03%
	MAT	D	0.11%	0.01%	0.01%
	MEDP	D	0.12%	0.01%	0.01%
	MGM	D	0.04%	0.02%	0.02%
	MHK	D	0.09%	0.01%	0.01%
	MKC	D	0.15%	0.03%	0.03%
	MKL	A	0.37%	0.04%	0.04%
	MKTX	D	0.08%	0.02%	0.02%
	MLM	B	0.52%	0.07%	0.07%
	MOH	F	0.29%	0.03%	0.03%
	MORN	B	0.13%	0.02%	0.02%
	MOS	F	0.1%	0.02%	0.02%
	MPWR	F	0.24%	0.05%	0.05%
	MRNA	F	0.13%	0.02%	0.02%
	MRO	B	0.34%	0.03%	0.03%
	MSA	D	0.1%	0.01%	0.01%
	MSM	C	0.02%	0.01%	0.01%
	MSTR	C	0.44%	0.1%	0.1%
	MTB	A	0.55%	0.07%	0.07%
	MTDR	B	0.14%	0.01%	0.01%
	MTG	C	0.12%	0.01%	0.01%
	MTN	C	0.08%	0.01%	0.01%
	MUSA	A	0.19%	0.02%	0.02%
	NBIX	C	0.18%	0.02%	0.02%
	NCLH	B	0.18%	0.02%	0.02%
	NDAQ	A	0.38%	0.06%	0.06%
	NEU	C	0.07%	0.01%	0.01%
	NFE	D	0.0%	0.0%	0.0%
	NFG	A	0.08%	0.01%	0.01%
	NI	A	0.12%	0.03%	0.03%
	NOV	C	0.11%	0.01%	0.01%
	NRG	B	0.23%	0.04%	0.04%
	NTAP	C	0.4%	0.04%	0.04%
	NTRS	A	0.35%	0.04%	0.04%
	NVR	D	0.13%	0.05%	0.05%
	NWS	B	0.06%	0.01%	0.01%
	NWSA	B	0.17%	0.02%	0.02%
	NXST	C	0.06%	0.01%	0.01%
	NYT	C	0.13%	0.02%	0.02%
	OC	A	0.33%	0.03%	0.03%
	OGE	B	0.11%	0.02%	0.02%
	OLED	D	0.11%	0.01%	0.01%
	OLLI	D	0.09%	0.01%	0.01%
	OLN	D	0.07%	0.01%	0.01%
	OMC	C	0.19%	0.03%	0.03%
	OMF	A	0.11%	0.01%	0.01%
	ON	D	0.46%	0.05%	0.05%
	ONTO	D	0.13%	0.01%	0.01%
	ORI	A	0.15%	0.02%	0.02%
	OSK	B	0.12%	0.01%	0.01%
	OVV	B	0.28%	0.02%	0.02%
	OZK	B	0.03%	0.01%	0.01%
	PAG	B	0.05%	0.01%	0.01%
	PARA	C	0.04%	0.01%	0.01%
	PATH	C	0.07%	0.01%	0.01%
	PAYC	B	0.17%	0.02%	0.02%
	PB	A	0.1%	0.01%	0.01%
	PCTY	B	0.12%	0.02%	0.02%
	PEG	A	0.44%	0.08%	0.08%
	PFG	D	0.31%	0.04%	0.04%
	PFGC	B	0.19%	0.02%	0.02%
	PHM	D	0.5%	0.05%	0.05%
	PII	D	0.01%	0.01%	0.01%
	PINS	D	0.24%	0.03%	0.03%
	PKG	A	0.38%	0.04%	0.04%
	PNFP	B	0.17%	0.02%	0.02%
	PNR	A	0.23%	0.03%	0.03%
	PNW	B	0.12%	0.02%	0.02%
	POOL	C	0.21%	0.02%	0.02%
	POST	C	0.07%	0.01%	0.01%
	PPC	C	0.03%	0.0%	0.0%
	PPG	F	0.4%	0.05%	0.05%
	PPL	B	0.23%	0.05%	0.05%
	PR	B	0.16%	0.02%	0.02%
	PRI	A	0.2%	0.02%	0.02%
	PSTG	D	0.25%	0.03%	0.03%
	PTC	A	0.07%	0.04%	0.04%
	PVH	C	0.08%	0.01%	0.01%
	PWR	A	0.15%	0.09%	0.09%
	QRVO	F	0.09%	0.01%	0.01%
	R	B	0.16%	0.01%	0.01%
	RBC	A	0.12%	0.02%	0.02%
	RCL	A	0.94%	0.1%	0.1%
	REYN	D	0.0%	0.0%	0.0%
	RF	A	0.4%	0.04%	0.04%
	RGA	A	0.24%	0.03%	0.03%
	RGEN	D	0.0%	0.01%	0.0%
	RGLD	C	0.09%	0.02%	0.02%
	RHI	B	0.14%	0.01%	0.01%
	RIVN	F	0.13%	0.02%	0.02%
	RJF	A	0.52%	0.06%	0.06%
	RL	B	0.13%	0.02%	0.02%
	RLI	B	0.12%	0.01%	0.01%
	RMD	C	0.41%	0.06%	0.06%
	RNR	C	0.19%	0.02%	0.02%
	ROK	B	0.42%	0.06%	0.06%
	ROKU	D	0.14%	0.02%	0.02%
	ROL	B	0.18%	0.03%	0.03%
	RPM	A	0.28%	0.03%	0.03%
	RPRX	D	0.09%	0.02%	0.02%
	RRC	B	0.16%	0.01%	0.01%
	RS	B	0.3%	0.03%	0.03%
	RYAN	B	0.09%	0.01%	0.01%
	S	B	0.09%	0.01%	0.01%
	SAIA	B	0.27%	0.03%	0.03%
	SAIC	F	0.01%	0.01%	0.01%
	SCI	B	0.14%	0.02%	0.02%
	SEE	C	0.04%	0.01%	0.01%
	SEIC	B	0.16%	0.02%	0.02%
	SF	B	0.18%	0.02%	0.02%
	SITE	D	0.1%	0.01%	0.01%
	SKX	D	0.12%	0.01%	0.01%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.29%	0.03%	0.03%
	SNX	C	0.1%	0.02%	0.02%
	SOFI	A	0.19%	0.03%	0.03%
	SON	D	0.07%	0.01%	0.01%
	SQ	B	0.28%	0.09%	0.09%
	SSD	D	0.13%	0.01%	0.01%
	SSNC	B	0.19%	0.03%	0.03%
	ST	F	0.06%	0.01%	0.01%
	STE	F	0.31%	0.04%	0.04%
	STLD	B	0.4%	0.04%	0.04%
	STT	A	0.43%	0.05%	0.05%
	SW	A	0.07%	0.05%	0.05%
	SWKS	F	0.21%	0.02%	0.02%
	SYF	B	0.46%	0.05%	0.05%
	SYY	B	0.41%	0.07%	0.07%
	TAP	C	0.18%	0.02%	0.02%
	TECH	D	0.13%	0.02%	0.02%
	TER	D	0.25%	0.03%	0.03%
	TFX	F	0.08%	0.02%	0.02%
	THC	D	0.21%	0.03%	0.03%
	THO	B	0.09%	0.01%	0.01%
	TKR	D	0.08%	0.01%	0.01%
	TOL	B	0.29%	0.03%	0.03%
	TPL	A	0.59%	0.05%	0.05%
	TPR	B	0.13%	0.02%	0.02%
	TPX	B	0.14%	0.02%	0.02%
	TREX	C	0.12%	0.01%	0.01%
	TRGP	B	0.73%	0.08%	0.08%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.41%	0.05%	0.05%
	TSCO	D	0.38%	0.05%	0.05%
	TSN	B	0.22%	0.03%	0.03%
	TTC	D	0.08%	0.02%	0.02%
	TTWO	A	0.16%	0.06%	0.06%
	TW	A	0.2%	0.03%	0.03%
	TWLO	A	0.24%	0.03%	0.03%
	TXRH	C	0.18%	0.02%	0.02%
	TXT	D	0.26%	0.03%	0.03%
	UAL	A	0.51%	0.05%	0.05%
	UHAL	D	0.11%	0.0%	0.0%
	UHAL	D	0.11%	0.01%	0.01%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.01%	0.01%	0.01%
	UHS	D	0.15%	0.02%	0.02%
	ULTA	F	0.2%	0.03%	0.03%
	UNM	A	0.2%	0.02%	0.02%
	URI	B	0.75%	0.1%	0.1%
	USFD	A	0.2%	0.03%	0.03%
	UTHR	C	0.29%	0.03%	0.03%
	VEEV	C	0.39%	0.06%	0.06%
	VFC	C	0.07%	0.01%	0.01%
	VMC	B	0.5%	0.07%	0.07%
	VNT	B	0.09%	0.01%	0.01%
	VOYA	B	0.13%	0.02%	0.02%
	VRT	B	0.72%	0.08%	0.08%
	VST	B	0.92%	0.09%	0.09%
	VTRS	A	0.25%	0.03%	0.03%
	WAB	B	0.37%	0.06%	0.06%
	WAL	B	0.2%	0.02%	0.02%
	WAT	B	0.31%	0.04%	0.04%
	WBD	C	0.22%	0.04%	0.04%
	WBS	A	0.17%	0.02%	0.02%
	WCC	B	0.15%	0.02%	0.02%
	WEC	A	0.19%	0.06%	0.06%
	WEX	D	0.11%	0.01%	0.01%
	WFRD	D	0.13%	0.01%	0.01%
	WH	B	0.11%	0.01%	0.01%
	WHR	B	0.06%	0.01%	0.01%
	WLK	D	0.08%	0.01%	0.01%
	WMS	D	0.17%	0.02%	0.02%
	WRB	A	0.27%	0.03%	0.03%
	WSC	D	0.1%	0.01%	0.01%
	WSM	B	0.35%	0.03%	0.03%
	WSO	A	0.23%	0.03%	0.03%
	WST	C	0.35%	0.04%	0.04%
	WTFC	A	0.14%	0.02%	0.02%
	WWD	B	0.14%	0.02%	0.02%
	X	C	0.14%	0.01%	0.01%
	XEL	A	0.31%	0.07%	0.07%
	XPO	B	0.3%	0.03%	0.03%
	XRAY	F	0.03%	0.01%	0.01%
	XYL	D	0.3%	0.05%	0.05%
	Z	A	0.14%	0.02%	0.02%
	ZBH	C	0.2%	0.04%	0.04%
	ZG	A	0.03%	0.01%	0.01%
	ZION	B	0.18%	0.02%	0.02%
	ZM	B	0.26%	0.04%	0.04%

AVMC Overweight 48 Positions Relative to IWB

	Symbol	Grade	Weight
	FLEX	A	0.3%
	AIT	A	0.18%
	ERIE	D	0.18%
	MLI	C	0.18%
	FN	D	0.17%
	UFPI	B	0.16%
	FLR	B	0.15%
	TMHC	B	0.14%
	HLNE	B	0.14%
	SSB	B	0.13%
	ENSG	D	0.13%
	RVMD	C	0.12%
	HALO	F	0.12%
	MTH	D	0.12%
	CMC	B	0.12%
	ALV	C	0.12%
	PCVX	D	0.11%
	CHX	C	0.11%
	SM	B	0.11%
	MUR	D	0.1%
	NSIT	F	0.09%
	SIGI	C	0.09%
	ESNT	D	0.09%
	BECN	B	0.09%
	ZWS	B	0.09%
	ENLC	A	0.08%
	MGY	A	0.08%
	WTS	B	0.07%
	TNET	D	0.05%
	HESM	B	0.04%
	ADTN	A	0.04%
	SPSC	C	0.04%
	CHWY	B	0.03%
	HAE	C	0.02%
	LANC	C	0.02%
	LEVI	F	0.02%
	LUMN	C	0.02%
	ATKR	C	0.01%
	VAL	D	0.01%
	QLYS	C	0.01%
	ACT	D	0.01%
	RMBS	C	0.0%
	FRHC	B	0.0%
	RIG	D	0.0%
	PTEN	C	0.0%
	IGT	F	0.0%
	FRSH	C	0.0%
	FIZZ	C	0.0%

AVMC Underweight 530 Positions Relative to IWB

	Symbol	Grade	Weight
	NVDA	C	-6.14%
	AAPL	C	-6.04%
	MSFT	F	-5.7%
	AMZN	C	-3.48%
	META	D	-2.24%
	GOOGL	C	-1.87%
	TSLA	B	-1.65%
	BRK.A	B	-1.59%
	GOOG	C	-1.58%
	AVGO	D	-1.38%
	JPM	A	-1.3%
	LLY	F	-1.1%
	UNH	C	-1.01%
	XOM	B	-0.99%
	V	A	-0.9%
	MA	C	-0.8%
	HD	A	-0.75%
	PG	A	-0.74%
	COST	B	-0.74%
	JNJ	D	-0.69%
	WMT	A	-0.68%
	NFLX	A	-0.65%
	BAC	A	-0.59%
	CRM	B	-0.56%
	ABBV	D	-0.54%
	ORCL	B	-0.53%
	CVX	A	-0.51%
	WFC	A	-0.48%
	MRK	F	-0.45%
	KO	D	-0.44%
	CSCO	B	-0.43%
	ACN	C	-0.41%
	ADBE	C	-0.41%
	LIN	D	-0.4%
	AMD	F	-0.4%
	PEP	F	-0.4%
	MCD	D	-0.39%
	DIS	B	-0.39%
	NOW	A	-0.38%
	PM	B	-0.37%
	ABT	B	-0.37%
	GE	D	-0.36%
	TMO	F	-0.36%
	GS	A	-0.35%
	CAT	B	-0.35%
	INTU	C	-0.35%
	IBM	C	-0.35%
	TXN	C	-0.34%
	ISRG	A	-0.34%
	QCOM	F	-0.33%
	VZ	C	-0.32%
	BKNG	A	-0.31%
	AXP	A	-0.3%
	T	A	-0.3%
	CMCSA	B	-0.3%
	BLK	C	-0.29%
	MS	A	-0.29%
	NEE	D	-0.29%
	SPGI	C	-0.29%
	RTX	C	-0.29%
	HON	B	-0.28%
	PGR	A	-0.28%
	AMGN	D	-0.28%
	LOW	D	-0.28%
	UNP	C	-0.27%
	UBER	D	-0.27%
	DHR	F	-0.27%
	AMAT	F	-0.26%
	PFE	D	-0.26%
	SYK	C	-0.26%
	ETN	A	-0.26%
	TJX	A	-0.25%
	BSX	B	-0.24%
	BX	A	-0.24%
	C	A	-0.24%
	COP	C	-0.24%
	PLTR	B	-0.24%
	ADP	B	-0.23%
	CB	C	-0.22%
	PANW	C	-0.22%
	VRTX	F	-0.22%
	SCHW	B	-0.22%
	FI	A	-0.22%
	SBUX	A	-0.21%
	MDT	D	-0.21%
	TMUS	B	-0.21%
	BMY	B	-0.21%
	LMT	D	-0.21%
	MU	D	-0.2%
	MMC	B	-0.2%
	GILD	C	-0.2%
	DE	A	-0.19%
	KKR	A	-0.19%
	ADI	D	-0.19%
	INTC	D	-0.19%
	PLD	D	-0.19%
	MO	A	-0.18%
	SO	D	-0.18%
	BA	F	-0.18%
	ANET	C	-0.18%
	UPS	C	-0.18%
	PH	A	-0.17%
	CI	F	-0.17%
	GEV	B	-0.17%
	LRCX	F	-0.17%
	AMT	D	-0.17%
	NKE	D	-0.17%
	TT	A	-0.17%
	ELV	F	-0.17%
	EQIX	A	-0.16%
	APO	B	-0.16%
	MDLZ	F	-0.16%
	DUK	C	-0.16%
	WM	A	-0.16%
	PYPL	B	-0.16%
	ICE	C	-0.16%
	SHW	A	-0.16%
	MCK	B	-0.15%
	CDNS	B	-0.15%
	REGN	F	-0.15%
	SNPS	B	-0.15%
	CMG	B	-0.15%
	ZTS	D	-0.15%
	ITW	B	-0.15%
	MSI	B	-0.15%
	CME	A	-0.15%
	WELL	A	-0.15%
	PNC	B	-0.15%
	KLAC	D	-0.15%
	APH	A	-0.15%
	AON	A	-0.14%
	CTAS	B	-0.14%
	MCO	B	-0.14%
	MRVL	B	-0.14%
	CL	D	-0.14%
	CRWD	B	-0.14%
	EOG	A	-0.14%
	USB	A	-0.14%
	GD	F	-0.14%
	TDG	D	-0.13%
	NOC	D	-0.13%
	WMB	A	-0.13%
	CSX	B	-0.13%
	COF	B	-0.13%
	APD	A	-0.13%
	ORLY	B	-0.13%
	CEG	D	-0.13%
	TGT	F	-0.13%
	MMM	D	-0.13%
	EMR	A	-0.13%
	CARR	D	-0.12%
	AJG	B	-0.12%
	GM	B	-0.12%
	MAR	B	-0.12%
	OKE	A	-0.12%
	ADSK	A	-0.12%
	HCA	F	-0.12%
	BDX	F	-0.12%
	FDX	B	-0.12%
	CVS	D	-0.12%
	CRH	A	-0.12%
	PCAR	B	-0.11%
	ABNB	C	-0.11%
	BK	A	-0.11%
	DLR	B	-0.11%
	SPG	B	-0.11%
	SRE	A	-0.11%
	ROP	B	-0.11%
	DASH	A	-0.11%
	NSC	B	-0.11%
	FTNT	C	-0.11%
	TRV	B	-0.11%
	HLT	A	-0.11%
	ECL	D	-0.11%
	FCX	D	-0.11%
	SLB	C	-0.11%
	TFC	A	-0.11%
	AFL	B	-0.11%
	ALL	A	-0.1%
	TTD	B	-0.1%
	KMI	A	-0.1%
	PSA	D	-0.1%
	AZO	C	-0.1%
	FICO	B	-0.1%
	WDAY	B	-0.1%
	PSX	C	-0.1%
	MPC	D	-0.1%
	AMP	A	-0.1%
	JCI	C	-0.1%
	ROST	C	-0.09%
	LHX	C	-0.09%
	FAST	B	-0.09%
	NEM	D	-0.09%
	DHI	D	-0.09%
	D	C	-0.09%
	LNG	B	-0.09%
	MET	A	-0.09%
	AIG	B	-0.09%
	CPRT	A	-0.09%
	O	D	-0.09%
	AEP	D	-0.09%
	GWW	B	-0.09%
	HES	B	-0.08%
	ODFL	B	-0.08%
	RSG	A	-0.08%
	BKR	B	-0.08%
	F	C	-0.08%
	AME	A	-0.08%
	PCG	A	-0.08%
	VLO	C	-0.08%
	KMB	D	-0.08%
	CCI	D	-0.08%
	PRU	A	-0.08%
	MSCI	C	-0.08%
	PAYX	C	-0.08%
	KDP	D	-0.07%
	HPQ	B	-0.07%
	DELL	C	-0.07%
	CHTR	C	-0.07%
	MNST	C	-0.07%
	YUM	B	-0.07%
	DDOG	A	-0.07%
	STZ	D	-0.07%
	TEAM	A	-0.07%
	SNOW	C	-0.07%
	COR	B	-0.07%
	OTIS	C	-0.07%
	VRSK	A	-0.07%
	LEN	D	-0.07%
	FERG	B	-0.07%
	EW	C	-0.07%
	GPN	B	-0.06%
	ARES	A	-0.06%
	WTW	B	-0.06%
	AVB	B	-0.06%
	HUBS	A	-0.06%
	HUM	C	-0.06%
	VICI	C	-0.06%
	MCHP	D	-0.06%
	OXY	D	-0.06%
	IRM	D	-0.06%
	EXR	D	-0.06%
	NUE	C	-0.06%
	MTD	D	-0.05%
	TYL	B	-0.05%
	VLTO	D	-0.05%
	VTR	C	-0.05%
	RBLX	C	-0.05%
	HAL	C	-0.05%
	CVNA	B	-0.05%
	FTV	C	-0.05%
	NET	B	-0.05%
	KHC	F	-0.05%
	EQR	B	-0.05%
	CPNG	D	-0.05%
	CAH	B	-0.05%
	ANSS	B	-0.05%
	ALNY	D	-0.05%
	ESS	B	-0.04%
	COO	D	-0.04%
	ZBRA	B	-0.04%
	MDB	C	-0.04%
	INVH	D	-0.04%
	WDC	D	-0.04%
	HOOD	B	-0.04%
	EXE	B	-0.04%
	TDY	B	-0.04%
	WY	D	-0.04%
	SBAC	D	-0.04%
	REG	B	-0.03%
	AVTR	F	-0.03%
	NDSN	B	-0.03%
	UDR	B	-0.03%
	DOC	D	-0.03%
	DPZ	C	-0.03%
	VRSN	F	-0.03%
	SUI	D	-0.03%
	DT	C	-0.03%
	DOCU	A	-0.03%
	GEN	B	-0.03%
	KIM	A	-0.03%
	NTRA	B	-0.03%
	FWONK	B	-0.03%
	HEI	B	-0.03%
	NTNX	A	-0.03%
	LVS	C	-0.03%
	DGX	A	-0.03%
	DKNG	B	-0.03%
	PODD	C	-0.03%
	TOST	B	-0.03%
	ARE	D	-0.03%
	ZS	C	-0.03%
	TRU	D	-0.03%
	MAA	B	-0.03%
	IBKR	A	-0.03%
	EGP	F	-0.02%
	PLNT	A	-0.02%
	MTZ	B	-0.02%
	GLOB	B	-0.02%
	ITCI	C	-0.02%
	PEN	B	-0.02%
	BRX	A	-0.02%
	REXR	F	-0.02%
	HSIC	B	-0.02%
	EXAS	D	-0.02%
	AAON	B	-0.02%
	FRT	B	-0.02%
	SOLV	C	-0.02%
	WYNN	D	-0.02%
	BRBR	A	-0.02%
	TKO	B	-0.02%
	WING	D	-0.02%
	CNH	C	-0.02%
	AAL	B	-0.02%
	SRPT	D	-0.02%
	HLI	B	-0.02%
	CRL	C	-0.02%
	DOX	D	-0.02%
	WTRG	B	-0.02%
	OHI	C	-0.02%
	NLY	C	-0.02%
	CACI	D	-0.02%
	CAVA	B	-0.02%
	CUBE	D	-0.02%
	TTEK	F	-0.02%
	SJM	D	-0.02%
	LAMR	D	-0.02%
	DAY	B	-0.02%
	RRX	B	-0.02%
	DUOL	A	-0.02%
	OWL	A	-0.02%
	OKTA	C	-0.02%
	HEI	B	-0.02%
	NVT	B	-0.02%
	HST	C	-0.02%
	WPC	D	-0.02%
	BXP	D	-0.02%
	CPT	B	-0.02%
	GLPI	C	-0.02%
	AMH	D	-0.02%
	BG	F	-0.02%
	CAG	D	-0.02%
	ELS	C	-0.02%
	SWK	D	-0.02%
	RVTY	F	-0.02%
	CW	B	-0.02%
	APLS	D	-0.01%
	FIVN	C	-0.01%
	CC	C	-0.01%
	COTY	F	-0.01%
	AMED	F	-0.01%
	ECG	C	-0.01%
	MAN	D	-0.01%
	TDC	D	-0.01%
	VIRT	B	-0.01%
	NSA	D	-0.01%
	SAM	C	-0.01%
	LLYVK	A	-0.01%
	PK	B	-0.01%
	SNRE	D	-0.01%
	RNG	B	-0.01%
	WU	D	-0.01%
	AMTM	D	-0.01%
	ZI	D	-0.01%
	WEN	D	-0.01%
	EPR	D	-0.01%
	PENN	C	-0.01%
	YETI	C	-0.01%
	SMG	D	-0.01%
	VAC	B	-0.01%
	HUN	F	-0.01%
	BHF	B	-0.01%
	NCNO	B	-0.01%
	NVST	B	-0.01%
	IAC	D	-0.01%
	ACHC	F	-0.01%
	HIW	D	-0.01%
	FHB	A	-0.01%
	IRDM	D	-0.01%
	SPR	D	-0.01%
	TNL	A	-0.01%
	W	F	-0.01%
	PRGO	B	-0.01%
	DNB	B	-0.01%
	NWL	B	-0.01%
	DXC	B	-0.01%
	MDU	D	-0.01%
	ASH	D	-0.01%
	RARE	D	-0.01%
	LINE	F	-0.01%
	PEGA	A	-0.01%
	OGN	D	-0.01%
	HOG	D	-0.01%
	MSGS	A	-0.01%
	GTES	A	-0.01%
	M	D	-0.01%
	SLGN	A	-0.01%
	RYN	D	-0.01%
	PSN	D	-0.01%
	KRC	C	-0.01%
	KMPR	B	-0.01%
	EEFT	B	-0.01%
	RH	B	-0.01%
	AGO	B	-0.01%
	LOPE	B	-0.01%
	CUZ	B	-0.01%
	FIVE	F	-0.01%
	HCP	B	-0.01%
	ROIV	C	-0.01%
	WTM	A	-0.01%
	AVT	C	-0.01%
	AL	B	-0.01%
	APPF	B	-0.01%
	UGI	A	-0.01%
	U	C	-0.01%
	BROS	B	-0.01%
	INSP	D	-0.01%
	VNOM	A	-0.01%
	VKTX	F	-0.01%
	CCCS	B	-0.01%
	IONS	F	-0.01%
	TPG	A	-0.01%
	CRUS	D	-0.01%
	SLM	A	-0.01%
	RITM	C	-0.01%
	VVV	F	-0.01%
	LITE	B	-0.01%
	JHG	A	-0.01%
	ETSY	D	-0.01%
	THG	A	-0.01%
	STWD	C	-0.01%
	LAZ	B	-0.01%
	FNB	A	-0.01%
	DOCS	C	-0.01%
	WBA	F	-0.01%
	LNC	B	-0.01%
	COLD	D	-0.01%
	FOUR	B	-0.01%
	ESI	A	-0.01%
	LYFT	C	-0.01%
	KD	B	-0.01%
	ELF	C	-0.01%
	SIRI	C	-0.01%
	DBX	B	-0.01%
	CFLT	B	-0.01%
	AZPN	A	-0.01%
	AWI	A	-0.01%
	HR	C	-0.01%
	AZEK	A	-0.01%
	VMI	B	-0.01%
	SN	D	-0.01%
	STAG	F	-0.01%
	GXO	B	-0.01%
	MTSI	B	-0.01%
	FCN	D	-0.01%
	ALK	C	-0.01%
	FR	C	-0.01%
	MASI	A	-0.01%
	MKSI	C	-0.01%
	ESTC	C	-0.01%
	GTLB	B	-0.01%
	AGNC	D	-0.01%
	LPX	B	-0.01%
	BBWI	D	-0.01%
	MIDD	C	-0.01%
	VNO	B	-0.01%
	CART	C	-0.01%
	PCOR	B	-0.01%
	SMAR	A	-0.01%
	ADC	B	-0.01%
	NNN	D	-0.01%
	ACI	C	-0.01%
	MTCH	D	-0.01%
	SNV	B	-0.01%
	CE	F	-0.01%
	PLTK	B	-0.0%
	SEG	B	-0.0%
	PARAA	B	-0.0%
	GRAL	C	-0.0%
	UWMC	D	-0.0%
	SEB	F	-0.0%
	WOLF	F	-0.0%
	LOAR	A	-0.0%
	TFSL	A	-0.0%
	AS	B	-0.0%
	CERT	F	-0.0%
	PYCR	C	-0.0%
	LLYVA	A	-0.0%
	UI	A	-0.0%
	SNDR	B	-0.0%
	TXG	F	-0.0%
	TRIP	F	-0.0%
	INFA	D	-0.0%
	DJT	C	-0.0%
	LEG	F	-0.0%
	GO	C	-0.0%
	QS	F	-0.0%
	UA	C	-0.0%
	FTRE	D	-0.0%
	CAR	C	-0.0%
	BIRK	D	-0.0%
	LEN	D	-0.0%
	FWONA	B	-0.0%
	RKT	F	-0.0%
	ALAB	B	-0.0%
	QDEL	F	-0.0%
	VSTS	C	-0.0%
	UAA	C	-0.0%
	CRI	D	-0.0%
	KSS	F	-0.0%
	LBTYA	B	-0.0%
	LBTYK	A	-0.0%
	SHC	F	-0.0%
	RCM	F	-0.0%
	IPGP	D	-0.0%
	ADT	C	-0.0%
	AAP	C	-0.0%
	AZTA	D	-0.0%
	HAYW	B	-0.0%
	PINC	B	-0.0%
	ALGM	D	-0.0%
	SPB	C	-0.0%
	MP	B	-0.0%
	CPRI	F	-0.0%
	JWN	C	-0.0%
	MPW	F	-0.0%
	ENOV	C	-0.0%
	DV	C	-0.0%
	HHH	B	-0.0%
	CXT	B	-0.0%

AVMC: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Oil & Gas E&P Utilities - Regulated Electric Software - Application Biotechnology Business Services Packaged Foods Packaging & Containers Asset Management Specialty Retail Diagnostics & Research Insurance - Property & Casualty Building Materials Information Technology Services Specialty Chemicals Capital Markets Engineering & Construction Leisure Medical Instruments & Supplies

Keywords: S&P 500 Natural Gas Insurance Banking Nasdaq 100 Chemical Bank Electronics Electricity Computing Mining Aerospace Insurance Products Building Materials Construction Beverage Semiconductor Telecommunications Biotechnology Commercial Banking

IWB: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electronics Real Estate Investment Trust Bank Banking Aerospace Chemical Electricity Telecommunications Medicine Mining Semiconductor Dow Jones Component Insurance Products Cloud Computing Biotechnology