AVMC vs. IWD ETF Comparison

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

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

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 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 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$197.71

Average Daily Volume

1,616,962

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

Performance

Period	AVMC	IWD
30 Days	7.92%	3.53%
60 Days	8.98%	4.90%
90 Days	10.86%	6.95%
12 Months	35.44%	29.54%

424 Overlapping Holdings

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

AVMC Overweight 98 Positions Relative to IWD

	Symbol	Grade	Weight
	VST	B	0.92%
	APP	B	0.81%
	TRGP	B	0.73%
	VRT	B	0.72%
	TPL	A	0.59%
	IT	C	0.55%
	DECK	A	0.47%
	LPLA	A	0.42%
	VEEV	C	0.39%
	TSCO	D	0.38%
	LII	A	0.36%
	CPAY	A	0.34%
	EXPE	B	0.34%
	BAH	F	0.33%
	XPO	B	0.3%
	FLEX	A	0.3%
	MANH	D	0.29%
	EQH	B	0.29%
	FIX	A	0.26%
	CLX	B	0.25%
	GDDY	A	0.25%
	PINS	D	0.24%
	MPWR	F	0.24%
	KNSL	B	0.21%
	POOL	C	0.21%
	MUSA	A	0.19%
	TXRH	C	0.18%
	NCLH	B	0.18%
	AIT	A	0.18%
	ERIE	D	0.18%
	MLI	C	0.18%
	NBIX	C	0.18%
	ROL	B	0.18%
	FN	D	0.17%
	BURL	A	0.17%
	UFPI	B	0.16%
	BSY	D	0.16%
	FLR	B	0.15%
	TMHC	B	0.14%
	TPX	B	0.14%
	HLNE	B	0.14%
	SSB	B	0.13%
	MORN	B	0.13%
	ENSG	D	0.13%
	WFRD	D	0.13%
	LYV	A	0.13%
	DVA	B	0.12%
	RVMD	C	0.12%
	HALO	F	0.12%
	LNW	D	0.12%
	MTH	D	0.12%
	TREX	C	0.12%
	PCTY	B	0.12%
	AXON	A	0.12%
	MEDP	D	0.12%
	CMC	B	0.12%
	ALV	C	0.12%
	PCVX	D	0.11%
	DXCM	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%
	RYAN	B	0.09%
	ZWS	B	0.09%
	IDXX	F	0.09%
	CHDN	B	0.09%
	ENLC	A	0.08%
	MGY	A	0.08%
	LULU	C	0.07%
	WTS	B	0.07%
	TNET	D	0.05%
	ENPH	F	0.05%
	ENTG	D	0.05%
	HESM	B	0.04%
	ADTN	A	0.04%
	SPSC	C	0.04%
	CHWY	B	0.03%
	CELH	F	0.03%
	HAE	C	0.02%
	SMCI	F	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 445 Positions Relative to IWD

	Symbol	Grade	Weight
	BRK.A	B	-3.35%
	JPM	A	-2.74%
	XOM	B	-2.08%
	UNH	C	-1.98%
	JNJ	D	-1.45%
	WMT	A	-1.42%
	BAC	A	-1.23%
	PG	A	-1.21%
	CVX	A	-1.08%
	WFC	A	-1.01%
	CSCO	B	-0.91%
	ACN	C	-0.86%
	LIN	D	-0.84%
	DIS	B	-0.82%
	PM	B	-0.78%
	ABT	B	-0.78%
	MCD	D	-0.77%
	TMO	F	-0.76%
	IBM	C	-0.73%
	VZ	C	-0.68%
	ABBV	D	-0.65%
	CMCSA	B	-0.64%
	TXN	C	-0.63%
	CAT	B	-0.63%
	T	A	-0.63%
	NEE	D	-0.61%
	SPGI	C	-0.61%
	RTX	C	-0.61%
	LOW	D	-0.6%
	BLK	C	-0.6%
	GE	D	-0.59%
	DHR	F	-0.58%
	MS	A	-0.57%
	ETN	A	-0.56%
	PFE	D	-0.55%
	GS	A	-0.53%
	COP	C	-0.51%
	C	A	-0.51%
	BSX	B	-0.5%
	HON	B	-0.49%
	CB	C	-0.45%
	MDT	D	-0.44%
	TMUS	B	-0.44%
	BMY	B	-0.44%
	GILD	C	-0.43%
	SCHW	B	-0.42%
	PLD	D	-0.41%
	MU	D	-0.41%
	ADI	D	-0.4%
	KO	D	-0.4%
	INTC	D	-0.4%
	SYK	C	-0.39%
	DE	A	-0.39%
	AXP	A	-0.39%
	UPS	C	-0.38%
	MMC	B	-0.37%
	MO	A	-0.37%
	SO	D	-0.37%
	PH	A	-0.35%
	GEV	B	-0.35%
	MDLZ	F	-0.34%
	DUK	C	-0.34%
	PYPL	B	-0.34%
	ICE	C	-0.34%
	CME	A	-0.32%
	CI	F	-0.32%
	HD	A	-0.32%
	WELL	A	-0.32%
	FI	A	-0.32%
	PNC	B	-0.32%
	GD	F	-0.31%
	EQIX	A	-0.31%
	BA	F	-0.31%
	EOG	A	-0.3%
	LMT	D	-0.3%
	USB	A	-0.3%
	ELV	F	-0.3%
	AMD	F	-0.29%
	AON	A	-0.29%
	UNP	C	-0.29%
	KKR	A	-0.28%
	REGN	F	-0.28%
	EMR	A	-0.28%
	NOC	D	-0.27%
	CSX	B	-0.27%
	WMB	A	-0.27%
	MRVL	B	-0.27%
	COF	B	-0.27%
	APD	A	-0.27%
	TGT	F	-0.27%
	FDX	B	-0.26%
	CVS	D	-0.26%
	CRH	A	-0.26%
	GM	B	-0.25%
	MAR	B	-0.25%
	OKE	A	-0.25%
	BDX	F	-0.25%
	TT	A	-0.24%
	FCX	D	-0.24%
	SLB	C	-0.24%
	TFC	A	-0.24%
	AFL	B	-0.24%
	CARR	D	-0.24%
	DLR	B	-0.23%
	MMM	D	-0.23%
	SRE	A	-0.23%
	ROP	B	-0.23%
	NSC	B	-0.23%
	AJG	B	-0.23%
	CEG	D	-0.23%
	TRV	B	-0.23%
	VRTX	F	-0.23%
	MPC	D	-0.22%
	TJX	A	-0.22%
	JCI	C	-0.22%
	PCAR	B	-0.22%
	BK	A	-0.22%
	KMI	A	-0.21%
	TDG	D	-0.21%
	PSX	C	-0.21%
	ITW	B	-0.2%
	AEP	D	-0.2%
	DHI	D	-0.19%
	D	C	-0.19%
	HCA	F	-0.19%
	MET	A	-0.19%
	AIG	B	-0.19%
	O	D	-0.19%
	PSA	D	-0.18%
	CCI	D	-0.18%
	PRU	A	-0.18%
	PEP	F	-0.18%
	CRM	B	-0.18%
	LHX	C	-0.18%
	NEM	D	-0.18%
	RSG	A	-0.17%
	BKR	B	-0.17%
	F	C	-0.17%
	SPG	B	-0.17%
	ALL	A	-0.17%
	AME	A	-0.17%
	MCK	B	-0.17%
	VLO	C	-0.17%
	PCG	A	-0.17%
	OTIS	C	-0.16%
	LEN	D	-0.16%
	MSI	B	-0.16%
	FERG	B	-0.15%
	STZ	D	-0.15%
	APH	A	-0.14%
	NKE	D	-0.14%
	NUE	C	-0.14%
	KDP	D	-0.14%
	ROST	C	-0.14%
	CHTR	C	-0.14%
	AVB	B	-0.13%
	EW	C	-0.13%
	VICI	C	-0.13%
	HUM	C	-0.13%
	OXY	D	-0.13%
	MCHP	D	-0.13%
	AMGN	D	-0.13%
	CL	D	-0.13%
	EXR	D	-0.13%
	GPN	B	-0.12%
	HLT	A	-0.12%
	DELL	C	-0.12%
	WTW	B	-0.12%
	HPQ	B	-0.11%
	KHC	F	-0.11%
	EQR	B	-0.11%
	ANSS	B	-0.11%
	PAYX	C	-0.11%
	MTD	D	-0.1%
	SBUX	A	-0.1%
	VTR	C	-0.1%
	HAL	C	-0.1%
	FTV	C	-0.1%
	KMB	D	-0.1%
	WY	D	-0.09%
	YUM	B	-0.09%
	PGR	A	-0.09%
	SBAC	D	-0.09%
	LNG	B	-0.09%
	COO	D	-0.08%
	WDC	D	-0.08%
	INVH	D	-0.08%
	HOOD	B	-0.08%
	EXE	B	-0.08%
	APO	B	-0.08%
	TDY	B	-0.08%
	CVNA	B	-0.07%
	TRU	D	-0.07%
	DGX	A	-0.07%
	ARE	D	-0.07%
	MAA	B	-0.07%
	IBKR	A	-0.07%
	MSCI	C	-0.07%
	ESS	B	-0.07%
	VRSN	F	-0.06%
	HES	B	-0.06%
	IRM	D	-0.06%
	NDSN	B	-0.06%
	UDR	B	-0.06%
	DOC	D	-0.06%
	SUI	D	-0.06%
	ZBRA	B	-0.06%
	GEN	B	-0.06%
	KIM	A	-0.06%
	CAH	B	-0.05%
	NVT	B	-0.05%
	HST	C	-0.05%
	NTNX	A	-0.05%
	WPC	D	-0.05%
	BXP	D	-0.05%
	CPT	B	-0.05%
	AMH	D	-0.05%
	CAG	D	-0.05%
	BG	F	-0.05%
	GLPI	C	-0.05%
	ELS	C	-0.05%
	SWK	D	-0.05%
	RVTY	F	-0.05%
	REG	B	-0.05%
	CW	B	-0.05%
	VLTO	D	-0.05%
	ZTS	D	-0.05%
	AVTR	F	-0.05%
	REXR	F	-0.04%
	SOLV	C	-0.04%
	BRBR	A	-0.04%
	FRT	B	-0.04%
	CNH	C	-0.04%
	CRL	C	-0.04%
	DOX	D	-0.04%
	DPZ	C	-0.04%
	WTRG	B	-0.04%
	NLY	C	-0.04%
	OHI	C	-0.04%
	DAY	B	-0.04%
	CACI	D	-0.04%
	BKNG	A	-0.04%
	CUBE	D	-0.04%
	FWONK	B	-0.04%
	FTNT	C	-0.04%
	SJM	D	-0.04%
	QCOM	F	-0.04%
	RRX	B	-0.04%
	AMAT	F	-0.04%
	OKTA	C	-0.03%
	STAG	F	-0.03%
	AZPN	A	-0.03%
	HR	C	-0.03%
	GWW	B	-0.03%
	VMI	B	-0.03%
	MKSI	C	-0.03%
	ALK	C	-0.03%
	FCN	D	-0.03%
	MTSI	B	-0.03%
	GXO	B	-0.03%
	FR	C	-0.03%
	BBWI	D	-0.03%
	AGNC	D	-0.03%
	VNO	B	-0.03%
	CART	C	-0.03%
	MIDD	C	-0.03%
	FAST	B	-0.03%
	DASH	A	-0.03%
	MNST	C	-0.03%
	ADC	B	-0.03%
	NNN	D	-0.03%
	SHW	A	-0.03%
	MTCH	D	-0.03%
	ACI	C	-0.03%
	SNV	B	-0.03%
	ECL	D	-0.03%
	TKO	B	-0.03%
	LAMR	D	-0.03%
	FICO	B	-0.03%
	EGP	F	-0.03%
	MTZ	B	-0.03%
	WYNN	D	-0.03%
	BRX	A	-0.03%
	TTEK	F	-0.03%
	AAL	B	-0.03%
	HSIC	B	-0.03%
	ADP	B	-0.03%
	HLI	B	-0.03%
	OGN	D	-0.02%
	LINE	F	-0.02%
	HOG	D	-0.02%
	TPG	A	-0.02%
	GTES	A	-0.02%
	M	D	-0.02%
	KMPR	B	-0.02%
	AWI	A	-0.02%
	RYN	D	-0.02%
	SLGN	A	-0.02%
	PSN	D	-0.02%
	EEFT	B	-0.02%
	DBX	B	-0.02%
	KRC	C	-0.02%
	CUZ	B	-0.02%
	AZO	C	-0.02%
	AGO	B	-0.02%
	AVT	C	-0.02%
	ROIV	C	-0.02%
	WTM	A	-0.02%
	AMP	A	-0.02%
	AL	B	-0.02%
	UGI	A	-0.02%
	SLM	A	-0.02%
	SN	D	-0.02%
	CCCS	B	-0.02%
	CRUS	D	-0.02%
	LITE	B	-0.02%
	EXAS	D	-0.02%
	ORLY	B	-0.02%
	RITM	C	-0.02%
	DOCS	C	-0.02%
	JHG	A	-0.02%
	THG	A	-0.02%
	LNC	B	-0.02%
	FNB	A	-0.02%
	CE	F	-0.02%
	STWD	C	-0.02%
	WBA	F	-0.02%
	COLD	D	-0.02%
	ESI	A	-0.02%
	SIRI	C	-0.02%
	KD	B	-0.02%
	LLYVA	A	-0.01%
	SNDR	B	-0.01%
	TRIP	F	-0.01%
	FTRE	D	-0.01%
	LEG	F	-0.01%
	WEN	D	-0.01%
	GO	C	-0.01%
	UA	C	-0.01%
	QS	F	-0.01%
	BIRK	D	-0.01%
	ALAB	B	-0.01%
	LEN	D	-0.01%
	VSTS	C	-0.01%
	CRI	D	-0.01%
	QDEL	F	-0.01%
	AZEK	A	-0.01%
	RKT	F	-0.01%
	LBTYK	A	-0.01%
	KSS	F	-0.01%
	INFA	D	-0.01%
	ETSY	D	-0.01%
	UAA	C	-0.01%
	LBTYA	B	-0.01%
	LYFT	C	-0.01%
	IPGP	D	-0.01%
	GLOB	B	-0.01%
	SHC	F	-0.01%
	ADT	C	-0.01%
	LPX	B	-0.01%
	RCM	F	-0.01%
	AAP	C	-0.01%
	WU	D	-0.01%
	AZTA	D	-0.01%
	YETI	C	-0.01%
	JWN	C	-0.01%
	HAYW	B	-0.01%
	SAM	C	-0.01%
	PINC	B	-0.01%
	ALGM	D	-0.01%
	SPB	C	-0.01%
	MP	B	-0.01%
	CPRI	F	-0.01%
	HHH	B	-0.01%
	ENOV	C	-0.01%
	MPW	F	-0.01%
	CC	C	-0.01%
	CXT	B	-0.01%
	COTY	F	-0.01%
	VIRT	B	-0.01%
	ECG	C	-0.01%
	U	C	-0.01%
	AMED	F	-0.01%
	MAN	D	-0.01%
	SNRE	D	-0.01%
	NSA	D	-0.01%
	LLYVK	A	-0.01%
	PK	B	-0.01%
	IRDM	D	-0.01%
	BROS	B	-0.01%
	SPR	D	-0.01%
	PENN	C	-0.01%
	AMTM	D	-0.01%
	SMG	D	-0.01%
	LOPE	B	-0.01%
	BHF	B	-0.01%
	VAC	B	-0.01%
	ZI	D	-0.01%
	HUN	F	-0.01%
	HIW	D	-0.01%
	EPR	D	-0.01%
	MASI	A	-0.01%
	ALNY	D	-0.01%
	CPRT	A	-0.01%
	ACHC	F	-0.01%
	FHB	A	-0.01%
	IAC	D	-0.01%
	NVST	B	-0.01%
	W	F	-0.01%
	PRGO	B	-0.01%
	VNOM	A	-0.01%
	TNL	A	-0.01%
	NWL	B	-0.01%
	DNB	B	-0.01%
	MDU	D	-0.01%
	MSGS	A	-0.01%
	RH	B	-0.01%
	DXC	B	-0.01%
	PLNT	A	-0.01%
	CTAS	B	-0.01%
	TYL	B	-0.01%
	ASH	D	-0.01%
	LOAR	A	-0.0%
	UWMC	D	-0.0%
	SEG	B	-0.0%
	PARAA	B	-0.0%
	IONS	F	-0.0%
	LAZ	B	-0.0%
	GRAL	C	-0.0%
	TXG	F	-0.0%
	PLTK	B	-0.0%
	DJT	C	-0.0%
	SEB	F	-0.0%
	UI	A	-0.0%
	TFSL	A	-0.0%
	WOLF	F	-0.0%
	FIVE	F	-0.0%
	HCP	B	-0.0%
	CAR	C	-0.0%
	PYCR	C	-0.0%
	FWONA	B	-0.0%
	AS	B	-0.0%
	CERT	F	-0.0%
	DV	C	-0.0%
	NCNO	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

IWD: Top Represented Industries & Keywords

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

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