AVLC vs. ACWI ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to iShares MSCI ACWI Index Fund (ACWI)

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

$69.29

Average Daily Volume

19,774

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$120.01

Average Daily Volume

1,898,594

Number of Holdings ^*

616

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	ACWI
30 Days	3.17%	0.17%
60 Days	5.71%	1.91%
90 Days	7.02%	2.66%
12 Months	32.22%	25.12%

552 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in ACWI	Overlap
	A	D	0.06%	0.05%	0.05%
	AAPL	C	5.24%	4.24%	4.24%
	ABBV	F	0.38%	0.38%	0.38%
	ABNB	C	0.07%	0.07%	0.07%
	ABT	B	0.2%	0.26%	0.2%
	ACGL	C	0.15%	0.05%	0.05%
	ACM	B	0.02%	0.02%	0.02%
	ACN	B	0.32%	0.28%	0.28%
	ADBE	C	0.33%	0.28%	0.28%
	ADI	D	0.15%	0.14%	0.14%
	ADM	D	0.11%	0.03%	0.03%
	ADP	A	0.36%	0.15%	0.15%
	ADSK	A	0.09%	0.08%	0.08%
	AEE	A	0.08%	0.03%	0.03%
	AEP	C	0.14%	0.06%	0.06%
	AES	F	0.06%	0.01%	0.01%
	AFG	A	0.06%	0.01%	0.01%
	AFL	B	0.19%	0.08%	0.08%
	AGCO	D	0.04%	0.01%	0.01%
	AIG	B	0.2%	0.07%	0.07%
	AIZ	A	0.05%	0.02%	0.02%
	AJG	A	0.05%	0.08%	0.05%
	AKAM	D	0.03%	0.02%	0.02%
	ALB	B	0.01%	0.02%	0.01%
	ALGN	D	0.04%	0.02%	0.02%
	ALL	A	0.2%	0.07%	0.07%
	ALLE	C	0.02%	0.02%	0.02%
	ALLY	C	0.06%	0.01%	0.01%
	ALNY	D	0.04%	0.04%	0.04%
	AMAT	F	0.36%	0.18%	0.18%
	AMCR	C	0.02%	0.02%	0.02%
	AMD	F	0.31%	0.29%	0.29%
	AME	A	0.05%	0.06%	0.05%
	AMGN	F	0.19%	0.19%	0.19%
	AMP	A	0.26%	0.07%	0.07%
	AMZN	C	3.03%	2.45%	2.45%
	ANET	C	0.15%	0.13%	0.13%
	ANSS	B	0.04%	0.04%	0.04%
	AON	A	0.1%	0.1%	0.1%
	AOS	F	0.03%	0.01%	0.01%
	APA	D	0.03%	0.01%	0.01%
	APD	A	0.22%	0.09%	0.09%
	APH	A	0.12%	0.11%	0.11%
	APO	B	0.16%	0.09%	0.09%
	APP	B	0.16%	0.08%	0.08%
	APTV	F	0.04%	0.02%	0.02%
	ARES	A	0.02%	0.04%	0.02%
	ATO	A	0.05%	0.03%	0.03%
	AVGO	D	1.11%	0.93%	0.93%
	AVTR	F	0.01%	0.02%	0.01%
	AVY	F	0.03%	0.02%	0.02%
	AWK	C	0.03%	0.03%	0.03%
	AXON	A	0.05%	0.06%	0.05%
	AXP	A	0.4%	0.21%	0.21%
	AZO	C	0.05%	0.07%	0.05%
	BA	F	0.06%	0.14%	0.06%
	BAC	A	0.42%	0.42%	0.42%
	BAH	F	0.03%	0.02%	0.02%
	BALL	F	0.06%	0.02%	0.02%
	BAX	F	0.02%	0.02%	0.02%
	BBWI	C	0.01%	0.01%	0.01%
	BBY	D	0.12%	0.02%	0.02%
	BDX	F	0.05%	0.08%	0.05%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.08%	0.02%	0.02%
	BIIB	F	0.03%	0.03%	0.03%
	BIO	C	0.01%	0.01%	0.01%
	BK	A	0.18%	0.07%	0.07%
	BKNG	A	0.13%	0.22%	0.13%
	BKR	A	0.18%	0.05%	0.05%
	BLDR	D	0.07%	0.03%	0.03%
	BLK	B	0.18%	0.19%	0.18%
	BMRN	F	0.03%	0.01%	0.01%
	BMY	B	0.18%	0.15%	0.15%
	BR	A	0.04%	0.04%	0.04%
	BRK.A	B	0.67%	0.79%	0.67%
	BRO	B	0.02%	0.03%	0.02%
	BSX	A	0.12%	0.17%	0.12%
	BSY	F	0.01%	0.01%	0.01%
	BURL	B	0.11%	0.02%	0.02%
	BX	A	0.11%	0.17%	0.11%
	C	A	0.23%	0.17%	0.17%
	CAG	F	0.01%	0.02%	0.01%
	CAH	B	0.03%	0.04%	0.03%
	CARR	C	0.06%	0.08%	0.06%
	CAT	B	0.52%	0.24%	0.24%
	CB	C	0.22%	0.14%	0.14%
	CBOE	C	0.03%	0.03%	0.03%
	CBRE	B	0.06%	0.05%	0.05%
	CCK	D	0.02%	0.01%	0.01%
	CCL	A	0.13%	0.03%	0.03%
	CDNS	B	0.12%	0.11%	0.11%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.01%	0.01%	0.01%
	CEG	C	0.11%	0.09%	0.09%
	CELH	F	0.01%	0.01%	0.01%
	CF	A	0.09%	0.02%	0.02%
	CFG	B	0.08%	0.03%	0.03%
	CG	B	0.02%	0.01%	0.01%
	CHD	A	0.05%	0.03%	0.03%
	CHRD	D	0.05%	0.01%	0.01%
	CHRW	B	0.03%	0.02%	0.02%
	CHTR	C	0.05%	0.05%	0.05%
	CI	D	0.07%	0.12%	0.07%
	CINF	A	0.07%	0.03%	0.03%
	CL	D	0.18%	0.09%	0.09%
	CLX	A	0.06%	0.03%	0.03%
	CMCSA	B	0.38%	0.21%	0.21%
	CME	B	0.12%	0.1%	0.1%
	CMG	B	0.23%	0.1%	0.1%
	CMI	A	0.21%	0.06%	0.06%
	CMS	C	0.06%	0.02%	0.02%
	CNC	D	0.08%	0.04%	0.04%
	CNP	A	0.02%	0.03%	0.02%
	COF	C	0.23%	0.09%	0.09%
	COIN	C	0.08%	0.08%	0.08%
	COP	C	0.38%	0.17%	0.17%
	COR	B	0.09%	0.05%	0.05%
	COST	A	0.94%	0.53%	0.53%
	CPAY	A	0.04%	0.03%	0.03%
	CPB	D	0.01%	0.01%	0.01%
	CPRT	B	0.1%	0.06%	0.06%
	CRL	D	0.01%	0.01%	0.01%
	CRM	B	0.44%	0.4%	0.4%
	CRWD	B	0.11%	0.1%	0.1%
	CSCO	B	0.3%	0.29%	0.29%
	CSGP	D	0.04%	0.04%	0.04%
	CSL	C	0.13%	0.03%	0.03%
	CSX	C	0.26%	0.09%	0.09%
	CTAS	B	0.12%	0.1%	0.1%
	CTLT	C	0.03%	0.01%	0.01%
	CTRA	B	0.1%	0.02%	0.02%
	CTSH	B	0.13%	0.05%	0.05%
	CTVA	C	0.08%	0.05%	0.05%
	CVS	D	0.05%	0.09%	0.05%
	CVX	A	0.64%	0.36%	0.36%
	D	C	0.05%	0.06%	0.05%
	DAL	B	0.23%	0.01%	0.01%
	DASH	B	0.06%	0.07%	0.06%
	DAY	B	0.0%	0.01%	0.0%
	DD	C	0.06%	0.04%	0.04%
	DDOG	A	0.05%	0.05%	0.05%
	DE	B	0.3%	0.13%	0.13%
	DECK	A	0.16%	0.03%	0.03%
	DELL	B	0.05%	0.05%	0.05%
	DFS	B	0.08%	0.06%	0.06%
	DG	F	0.06%	0.02%	0.02%
	DGX	A	0.01%	0.02%	0.01%
	DHI	F	0.12%	0.06%	0.06%
	DHR	F	0.13%	0.2%	0.13%
	DINO	D	0.04%	0.01%	0.01%
	DIS	B	0.18%	0.26%	0.18%
	DKNG	B	0.01%	0.02%	0.01%
	DKS	D	0.08%	0.02%	0.02%
	DLTR	F	0.07%	0.02%	0.02%
	DOCU	B	0.05%	0.02%	0.02%
	DOV	A	0.03%	0.04%	0.03%
	DOW	F	0.14%	0.04%	0.04%
	DPZ	C	0.01%	0.02%	0.01%
	DRI	B	0.1%	0.03%	0.03%
	DT	D	0.02%	0.02%	0.02%
	DTE	C	0.07%	0.03%	0.03%
	DUK	C	0.16%	0.11%	0.11%
	DVA	C	0.01%	0.01%	0.01%
	DVN	F	0.14%	0.03%	0.03%
	DXCM	C	0.05%	0.04%	0.04%
	EA	A	0.06%	0.05%	0.05%
	EBAY	D	0.14%	0.04%	0.04%
	ECL	D	0.06%	0.08%	0.06%
	ED	C	0.08%	0.04%	0.04%
	EFX	F	0.02%	0.04%	0.02%
	EG	C	0.08%	0.02%	0.02%
	EIX	B	0.09%	0.04%	0.04%
	EL	F	0.02%	0.02%	0.02%
	ELV	F	0.13%	0.12%	0.12%
	EME	A	0.14%	0.03%	0.03%
	EMN	C	0.04%	0.01%	0.01%
	EMR	B	0.05%	0.09%	0.05%
	ENPH	F	0.01%	0.01%	0.01%
	ENTG	D	0.02%	0.02%	0.02%
	EOG	A	0.3%	0.1%	0.1%
	EPAM	B	0.04%	0.02%	0.02%
	EQH	C	0.09%	0.02%	0.02%
	EQT	B	0.11%	0.03%	0.03%
	ERIE	D	0.02%	0.01%	0.01%
	ES	C	0.02%	0.03%	0.02%
	ETN	A	0.14%	0.19%	0.14%
	ETR	B	0.12%	0.04%	0.04%
	EVRG	A	0.05%	0.02%	0.02%
	EW	C	0.08%	0.05%	0.05%
	EXAS	D	0.01%	0.01%	0.01%
	EXC	C	0.1%	0.05%	0.05%
	EXPD	C	0.09%	0.02%	0.02%
	EXPE	B	0.04%	0.03%	0.03%
	F	C	0.2%	0.05%	0.05%
	FANG	C	0.17%	0.04%	0.04%
	FAST	B	0.2%	0.06%	0.06%
	FBIN	D	0.02%	0.01%	0.01%
	FCNCA	A	0.12%	0.03%	0.03%
	FCX	F	0.18%	0.08%	0.08%
	FDS	B	0.04%	0.03%	0.03%
	FDX	B	0.26%	0.09%	0.09%
	FE	C	0.02%	0.03%	0.02%
	FFIV	B	0.03%	0.02%	0.02%
	FI	A	0.07%	0.16%	0.07%
	FICO	B	0.08%	0.07%	0.07%
	FIS	C	0.06%	0.06%	0.06%
	FITB	B	0.14%	0.04%	0.04%
	FLUT	A	0.01%	0.06%	0.01%
	FNF	B	0.08%	0.02%	0.02%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	A	0.05%	0.01%	0.01%
	FSLR	F	0.1%	0.02%	0.02%
	FTNT	C	0.23%	0.07%	0.07%
	FTV	C	0.01%	0.03%	0.01%
	GD	D	0.05%	0.08%	0.05%
	GDDY	A	0.08%	0.03%	0.03%
	GE	D	0.2%	0.25%	0.2%
	GEHC	D	0.03%	0.04%	0.03%
	GEV	B	0.13%	0.12%	0.12%
	GGG	B	0.05%	0.02%	0.02%
	GILD	C	0.35%	0.14%	0.14%
	GIS	D	0.03%	0.04%	0.03%
	GLW	B	0.09%	0.05%	0.05%
	GM	C	0.31%	0.08%	0.08%
	GOOG	C	1.3%	1.16%	1.16%
	GOOGL	C	1.57%	1.34%	1.34%
	GPC	D	0.06%	0.02%	0.02%
	GPN	B	0.01%	0.04%	0.01%
	GRMN	B	0.1%	0.04%	0.04%
	GS	A	0.44%	0.24%	0.24%
	GWW	B	0.23%	0.07%	0.07%
	H	B	0.01%	0.01%	0.01%
	HAL	C	0.13%	0.03%	0.03%
	HBAN	A	0.11%	0.03%	0.03%
	HCA	F	0.05%	0.09%	0.05%
	HD	B	0.58%	0.52%	0.52%
	HEI	A	0.01%	0.02%	0.01%
	HEI	A	0.01%	0.02%	0.01%
	HEI	A	0.01%	0.02%	0.01%
	HEI	A	0.01%	0.02%	0.01%
	HES	B	0.19%	0.05%	0.05%
	HIG	B	0.19%	0.05%	0.05%
	HII	F	0.04%	0.01%	0.01%
	HLT	A	0.05%	0.08%	0.05%
	HOLX	D	0.03%	0.02%	0.02%
	HON	C	0.15%	0.19%	0.15%
	HOOD	B	0.05%	0.02%	0.02%
	HPE	B	0.08%	0.03%	0.03%
	HPQ	B	0.05%	0.05%	0.05%
	HRL	D	0.02%	0.01%	0.01%
	HSIC	C	0.01%	0.01%	0.01%
	HSY	F	0.09%	0.03%	0.03%
	HUBB	B	0.04%	0.03%	0.03%
	HUBS	A	0.05%	0.04%	0.04%
	HUM	C	0.05%	0.04%	0.04%
	HWM	A	0.05%	0.06%	0.05%
	IBM	C	0.27%	0.24%	0.24%
	ICE	C	0.07%	0.11%	0.07%
	IDXX	F	0.11%	0.04%	0.04%
	IEX	C	0.03%	0.02%	0.02%
	IFF	D	0.06%	0.03%	0.03%
	ILMN	C	0.04%	0.03%	0.03%
	INCY	C	0.03%	0.01%	0.01%
	INTC	C	0.16%	0.13%	0.13%
	INTU	B	0.27%	0.23%	0.23%
	IOT	A	0.01%	0.01%	0.01%
	IP	A	0.13%	0.02%	0.02%
	IPG	D	0.01%	0.01%	0.01%
	IQV	F	0.04%	0.04%	0.04%
	IR	B	0.05%	0.05%	0.05%
	ISRG	A	0.18%	0.24%	0.18%
	IT	C	0.09%	0.05%	0.05%
	ITW	B	0.12%	0.1%	0.1%
	J	D	0.01%	0.02%	0.01%
	JBHT	C	0.08%	0.02%	0.02%
	JBL	C	0.1%	0.02%	0.02%
	JCI	B	0.04%	0.07%	0.04%
	JKHY	D	0.04%	0.02%	0.02%
	JNJ	C	0.58%	0.47%	0.47%
	JNPR	D	0.02%	0.01%	0.01%
	JPM	A	1.19%	0.89%	0.89%
	K	A	0.03%	0.03%	0.03%
	KDP	F	0.05%	0.05%	0.05%
	KEY	B	0.05%	0.02%	0.02%
	KEYS	A	0.06%	0.03%	0.03%
	KHC	F	0.05%	0.03%	0.03%
	KKR	A	0.15%	0.12%	0.12%
	KLAC	F	0.21%	0.11%	0.11%
	KMB	C	0.14%	0.06%	0.06%
	KMI	A	0.1%	0.07%	0.07%
	KMX	B	0.05%	0.02%	0.02%
	KNX	C	0.04%	0.01%	0.01%
	KO	D	0.4%	0.33%	0.33%
	KR	B	0.2%	0.05%	0.05%
	KVUE	A	0.06%	0.06%	0.06%
	L	A	0.07%	0.02%	0.02%
	LDOS	C	0.03%	0.03%	0.03%
	LEN	D	0.01%	0.05%	0.01%
	LEN	D	0.17%	0.05%	0.05%
	LH	B	0.04%	0.03%	0.03%
	LHX	C	0.03%	0.06%	0.03%
	LII	A	0.09%	0.03%	0.03%
	LIN	C	0.21%	0.27%	0.21%
	LKQ	F	0.01%	0.01%	0.01%
	LLY	F	0.79%	0.75%	0.75%
	LMT	D	0.23%	0.15%	0.15%
	LNG	A	0.23%	0.07%	0.07%
	LNT	A	0.04%	0.02%	0.02%
	LOW	C	0.12%	0.19%	0.12%
	LPLA	A	0.1%	0.03%	0.03%
	LRCX	F	0.34%	0.12%	0.12%
	LULU	C	0.15%	0.04%	0.04%
	LUV	C	0.08%	0.01%	0.01%
	LVS	B	0.09%	0.02%	0.02%
	LW	C	0.02%	0.01%	0.01%
	LYB	F	0.11%	0.03%	0.03%
	LYV	A	0.02%	0.03%	0.02%
	MA	B	0.66%	0.55%	0.55%
	MANH	D	0.06%	0.02%	0.02%
	MAR	A	0.05%	0.09%	0.05%
	MAS	D	0.02%	0.02%	0.02%
	MCD	D	0.16%	0.27%	0.16%
	MCHP	F	0.05%	0.04%	0.04%
	MCK	A	0.07%	0.1%	0.07%
	MCO	B	0.1%	0.1%	0.1%
	MDB	B	0.03%	0.03%	0.03%
	MDLZ	F	0.09%	0.11%	0.09%
	MDT	D	0.12%	0.14%	0.12%
	MELI	C	0.39%	0.11%	0.11%
	MET	A	0.2%	0.07%	0.07%
	META	D	2.26%	1.57%	1.57%
	MGM	D	0.01%	0.01%	0.01%
	MKC	C	0.01%	0.02%	0.01%
	MKL	A	0.12%	0.03%	0.03%
	MKTX	D	0.05%	0.01%	0.01%
	MLM	C	0.14%	0.05%	0.05%
	MMC	B	0.09%	0.14%	0.09%
	MMM	D	0.19%	0.09%	0.09%
	MNST	C	0.03%	0.05%	0.03%
	MO	A	0.09%	0.12%	0.09%
	MOH	F	0.07%	0.02%	0.02%
	MOS	F	0.05%	0.01%	0.01%
	MPC	D	0.22%	0.07%	0.07%
	MPWR	F	0.04%	0.04%	0.04%
	MRK	D	0.32%	0.31%	0.31%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.11%	0.02%	0.02%
	MRVL	B	0.11%	0.1%	0.1%
	MS	A	0.35%	0.21%	0.21%
	MSCI	C	0.05%	0.06%	0.05%
	MSFT	D	4.39%	3.76%	3.76%
	MSI	B	0.23%	0.1%	0.1%
	MSTR	B	0.09%	0.09%	0.09%
	MTB	A	0.12%	0.05%	0.05%
	MTCH	D	0.01%	0.01%	0.01%
	MTD	F	0.03%	0.03%	0.03%
	MU	D	0.17%	0.14%	0.14%
	NBIX	C	0.04%	0.01%	0.01%
	NDAQ	A	0.02%	0.04%	0.02%
	NDSN	B	0.01%	0.02%	0.01%
	NEE	C	0.07%	0.2%	0.07%
	NEM	D	0.02%	0.06%	0.02%
	NET	B	0.04%	0.04%	0.04%
	NFLX	A	0.48%	0.48%	0.48%
	NI	A	0.02%	0.02%	0.02%
	NKE	F	0.17%	0.11%	0.11%
	NOC	D	0.05%	0.09%	0.05%
	NOW	A	0.3%	0.27%	0.27%
	NRG	B	0.05%	0.03%	0.03%
	NSC	B	0.22%	0.07%	0.07%
	NTAP	C	0.06%	0.03%	0.03%
	NTRS	A	0.11%	0.03%	0.03%
	NUE	C	0.16%	0.04%	0.04%
	NVDA	B	4.82%	4.62%	4.62%
	NVR	D	0.1%	0.04%	0.04%
	NWSA	A	0.03%	0.01%	0.01%
	NXPI	D	0.08%	0.07%	0.07%
	OC	A	0.11%	0.02%	0.02%
	ODFL	C	0.14%	0.05%	0.05%
	OKE	A	0.2%	0.08%	0.08%
	OKTA	C	0.02%	0.02%	0.02%
	OMC	C	0.02%	0.03%	0.02%
	ON	D	0.12%	0.04%	0.04%
	ORCL	A	0.42%	0.4%	0.4%
	ORLY	B	0.07%	0.09%	0.07%
	OTIS	C	0.04%	0.05%	0.04%
	OVV	B	0.08%	0.01%	0.01%
	OXY	D	0.15%	0.04%	0.04%
	PANW	B	0.19%	0.16%	0.16%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.07%	0.01%	0.01%
	PAYX	B	0.17%	0.06%	0.06%
	PCAR	B	0.25%	0.07%	0.07%
	PCG	A	0.13%	0.05%	0.05%
	PEG	A	0.1%	0.06%	0.06%
	PEP	F	0.27%	0.27%	0.27%
	PFE	F	0.15%	0.18%	0.15%
	PFG	D	0.09%	0.03%	0.03%
	PG	C	0.39%	0.51%	0.39%
	PGR	A	0.46%	0.19%	0.19%
	PH	A	0.09%	0.11%	0.09%
	PHM	D	0.12%	0.04%	0.04%
	PINS	F	0.02%	0.02%	0.02%
	PKG	A	0.12%	0.03%	0.03%
	PLTR	B	0.18%	0.16%	0.16%
	PM	B	0.18%	0.25%	0.18%
	PNC	B	0.22%	0.1%	0.1%
	PNR	A	0.02%	0.02%	0.02%
	PODD	C	0.03%	0.02%	0.02%
	POOL	C	0.07%	0.02%	0.02%
	PPG	F	0.05%	0.04%	0.04%
	PPL	A	0.07%	0.03%	0.03%
	PRU	A	0.18%	0.06%	0.06%
	PSTG	D	0.04%	0.02%	0.02%
	PSX	C	0.19%	0.07%	0.07%
	PTC	B	0.03%	0.03%	0.03%
	PWR	A	0.09%	0.06%	0.06%
	PYPL	B	0.32%	0.11%	0.11%
	QCOM	F	0.48%	0.23%	0.23%
	QRVO	F	0.02%	0.01%	0.01%
	RBLX	C	0.01%	0.03%	0.01%
	RCL	A	0.28%	0.07%	0.07%
	REGN	F	0.14%	0.1%	0.1%
	RF	A	0.08%	0.03%	0.03%
	RIVN	F	0.03%	0.01%	0.01%
	RJF	A	0.11%	0.04%	0.04%
	RMD	C	0.07%	0.04%	0.04%
	ROK	C	0.04%	0.04%	0.04%
	ROKU	D	0.02%	0.01%	0.01%
	ROL	B	0.03%	0.02%	0.02%
	ROP	B	0.09%	0.08%	0.08%
	ROST	D	0.21%	0.06%	0.06%
	RPM	A	0.1%	0.02%	0.02%
	RPRX	D	0.02%	0.01%	0.01%
	RS	B	0.07%	0.02%	0.02%
	RSG	A	0.04%	0.06%	0.04%
	RTX	D	0.16%	0.2%	0.16%
	RVTY	F	0.02%	0.02%	0.02%
	SBUX	A	0.09%	0.14%	0.09%
	SCHW	B	0.21%	0.15%	0.15%
	SEIC	B	0.03%	0.01%	0.01%
	SHW	B	0.14%	0.11%	0.11%
	SJM	D	0.01%	0.01%	0.01%
	SLB	C	0.09%	0.08%	0.08%
	SMCI	F	0.01%	0.02%	0.01%
	SNA	A	0.08%	0.03%	0.03%
	SNAP	D	0.01%	0.01%	0.01%
	SNOW	B	0.05%	0.05%	0.05%
	SNPS	B	0.12%	0.1%	0.1%
	SO	C	0.13%	0.12%	0.12%
	SOLV	D	0.01%	0.01%	0.01%
	SPGI	C	0.09%	0.21%	0.09%
	SQ	A	0.07%	0.06%	0.06%
	SRE	A	0.07%	0.08%	0.07%
	SSNC	B	0.01%	0.02%	0.01%
	STE	D	0.04%	0.03%	0.03%
	STLD	B	0.12%	0.03%	0.03%
	STT	B	0.1%	0.04%	0.04%
	STX	C	0.03%	0.03%	0.03%
	STZ	D	0.05%	0.05%	0.05%
	SW	A	0.1%	0.04%	0.04%
	SWK	D	0.02%	0.02%	0.02%
	SWKS	F	0.07%	0.02%	0.02%
	SYF	B	0.15%	0.03%	0.03%
	SYK	B	0.12%	0.17%	0.12%
	SYY	D	0.07%	0.05%	0.05%
	T	A	0.42%	0.21%	0.21%
	TAP	C	0.05%	0.01%	0.01%
	TDG	D	0.07%	0.09%	0.07%
	TDY	B	0.03%	0.03%	0.03%
	TEAM	A	0.05%	0.05%	0.05%
	TECH	F	0.02%	0.01%	0.01%
	TER	F	0.05%	0.02%	0.02%
	TFC	A	0.19%	0.08%	0.08%
	TFX	F	0.02%	0.01%	0.01%
	TGT	F	0.29%	0.09%	0.09%
	TJX	A	0.44%	0.17%	0.17%
	TMO	F	0.15%	0.25%	0.15%
	TMUS	B	0.31%	0.16%	0.16%
	TOST	B	0.02%	0.02%	0.02%
	TPL	A	0.13%	0.04%	0.04%
	TRGP	A	0.27%	0.05%	0.05%
	TRMB	B	0.02%	0.02%	0.02%
	TROW	B	0.1%	0.03%	0.03%
	TRU	D	0.02%	0.02%	0.02%
	TRV	B	0.26%	0.07%	0.07%
	TSCO	D	0.17%	0.04%	0.04%
	TSLA	B	0.78%	1.27%	0.78%
	TSN	B	0.05%	0.02%	0.02%
	TT	A	0.14%	0.12%	0.12%
	TTC	C	0.03%	0.01%	0.01%
	TTD	B	0.05%	0.07%	0.05%
	TTWO	A	0.03%	0.04%	0.03%
	TW	A	0.02%	0.02%	0.02%
	TWLO	A	0.04%	0.02%	0.02%
	TXN	C	0.26%	0.23%	0.23%
	TXT	D	0.05%	0.02%	0.02%
	TYL	B	0.04%	0.03%	0.03%
	UBER	F	0.09%	0.17%	0.09%
	UHAL	D	0.03%	0.01%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHS	D	0.06%	0.02%	0.02%
	ULTA	F	0.11%	0.02%	0.02%
	UNH	B	0.36%	0.68%	0.36%
	UNP	C	0.47%	0.18%	0.18%
	UPS	C	0.19%	0.12%	0.12%
	URI	C	0.2%	0.07%	0.07%
	USB	A	0.23%	0.1%	0.1%
	UTHR	C	0.1%	0.02%	0.02%
	V	A	0.59%	0.63%	0.59%
	VEEV	C	0.05%	0.04%	0.04%
	VLO	C	0.17%	0.06%	0.06%
	VLTO	C	0.06%	0.03%	0.03%
	VMC	B	0.05%	0.05%	0.05%
	VRSK	A	0.12%	0.05%	0.05%
	VRSN	C	0.02%	0.02%	0.02%
	VRT	B	0.13%	0.06%	0.06%
	VRTX	D	0.25%	0.15%	0.15%
	VST	A	0.13%	0.07%	0.07%
	VTRS	A	0.09%	0.02%	0.02%
	VZ	C	0.45%	0.22%	0.22%
	WAB	B	0.04%	0.04%	0.04%
	WAT	C	0.05%	0.03%	0.03%
	WBA	F	0.0%	0.01%	0.0%
	WBD	B	0.03%	0.03%	0.03%
	WCN	A	0.04%	0.06%	0.04%
	WDAY	B	0.08%	0.07%	0.07%
	WDC	D	0.03%	0.03%	0.03%
	WEC	A	0.04%	0.04%	0.04%
	WFC	A	0.55%	0.33%	0.33%
	WLK	D	0.02%	0.01%	0.01%
	WM	B	0.13%	0.11%	0.11%
	WMB	A	0.29%	0.09%	0.09%
	WMT	A	0.64%	0.49%	0.49%
	WRB	A	0.07%	0.02%	0.02%
	WSM	C	0.11%	0.02%	0.02%
	WSO	A	0.05%	0.02%	0.02%
	WST	C	0.05%	0.03%	0.03%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.02%	0.04%	0.02%
	WYNN	C	0.01%	0.01%	0.01%
	XEL	A	0.11%	0.05%	0.05%
	XOM	B	1.04%	0.68%	0.68%
	XYL	D	0.04%	0.04%	0.04%
	YUM	D	0.04%	0.05%	0.04%
	Z	A	0.02%	0.02%	0.02%
	ZBH	C	0.05%	0.03%	0.03%
	ZBRA	B	0.03%	0.02%	0.02%
	ZM	C	0.05%	0.02%	0.02%
	ZS	B	0.03%	0.02%	0.02%
	ZTS	D	0.2%	0.1%	0.1%

AVLC Overweight 426 Positions Relative to ACWI

	Symbol	Grade	Weight
	UAL	A	0.19%
	SFM	A	0.12%
	CPNG	D	0.12%
	FLEX	B	0.1%
	FIX	A	0.1%
	CVNA	B	0.09%
	TXRH	B	0.09%
	RGA	A	0.08%
	BJ	A	0.08%
	TPR	B	0.08%
	JEF	A	0.08%
	FTI	A	0.08%
	CASY	A	0.08%
	NCLH	B	0.08%
	EWBC	A	0.08%
	WCC	B	0.07%
	SAIA	B	0.07%
	JXN	C	0.07%
	MLI	B	0.07%
	SPOT	B	0.07%
	TOL	B	0.07%
	INGR	C	0.07%
	MUSA	B	0.07%
	RNR	C	0.07%
	PRI	B	0.07%
	EXP	B	0.07%
	UNM	A	0.06%
	PR	B	0.06%
	COKE	C	0.06%
	WAL	B	0.06%
	CMA	B	0.06%
	LECO	C	0.06%
	ATI	C	0.06%
	GL	C	0.06%
	WMS	F	0.06%
	GNRC	C	0.06%
	GPK	C	0.06%
	BWXT	B	0.06%
	DCI	B	0.06%
	PFGC	B	0.06%
	ANF	F	0.06%
	LPX	B	0.06%
	VMI	B	0.05%
	ORI	A	0.05%
	ENSG	C	0.05%
	CROX	D	0.05%
	WFRD	D	0.05%
	SKX	D	0.05%
	JLL	D	0.05%
	RHI	C	0.05%
	PNW	A	0.05%
	WBS	A	0.05%
	ARW	D	0.05%
	CBT	D	0.05%
	WTFC	A	0.05%
	MTDR	B	0.05%
	AAON	B	0.05%
	BWA	D	0.05%
	ALV	C	0.05%
	UFPI	C	0.05%
	ZION	B	0.05%
	LNTH	D	0.05%
	AIT	B	0.05%
	FYBR	C	0.05%
	AXS	A	0.05%
	FND	D	0.05%
	CRBG	B	0.05%
	R	B	0.05%
	KNSL	B	0.05%
	RL	C	0.05%
	ATR	B	0.05%
	EVR	B	0.04%
	DTM	A	0.04%
	AWI	A	0.04%
	SSD	F	0.04%
	FMC	D	0.04%
	SNX	D	0.04%
	KEX	B	0.04%
	NSIT	F	0.04%
	XPO	B	0.04%
	FN	C	0.04%
	CMC	B	0.04%
	CRUS	D	0.04%
	MTG	C	0.04%
	OGE	A	0.04%
	TREX	C	0.04%
	ITT	A	0.04%
	KBH	D	0.04%
	KD	B	0.04%
	AXTA	B	0.04%
	SOFI	B	0.04%
	RRC	B	0.04%
	CLH	C	0.04%
	JAZZ	B	0.04%
	CRS	B	0.04%
	FHN	A	0.04%
	GAP	C	0.04%
	LSTR	D	0.04%
	SF	B	0.04%
	CBSH	B	0.04%
	AYI	B	0.04%
	CHX	C	0.04%
	CFR	B	0.04%
	OMF	A	0.04%
	MHK	D	0.04%
	DOX	D	0.03%
	MEDP	D	0.03%
	GWRE	A	0.03%
	IBKR	A	0.03%
	COHR	B	0.03%
	MOD	A	0.03%
	SCI	B	0.03%
	LAD	A	0.03%
	IBP	D	0.03%
	BCC	B	0.03%
	BLD	D	0.03%
	G	B	0.03%
	GMED	A	0.03%
	TKR	D	0.03%
	DY	D	0.03%
	FAF	A	0.03%
	ENLC	A	0.03%
	RLI	A	0.03%
	GME	C	0.03%
	X	B	0.03%
	AFRM	A	0.03%
	HALO	F	0.03%
	OLN	F	0.03%
	PEGA	B	0.03%
	NYT	D	0.03%
	MTZ	B	0.03%
	HLNE	B	0.03%
	WWD	C	0.03%
	EXPO	D	0.03%
	NU	C	0.03%
	VOYA	B	0.03%
	MUR	D	0.03%
	AM	A	0.03%
	PVH	C	0.03%
	GNTX	C	0.03%
	EHC	B	0.03%
	RGLD	C	0.03%
	EXEL	B	0.03%
	ESNT	F	0.03%
	MAT	D	0.03%
	AA	A	0.03%
	ALK	B	0.03%
	CW	C	0.03%
	SSB	B	0.03%
	BPOP	C	0.03%
	VFC	C	0.03%
	CIEN	C	0.03%
	CIVI	D	0.03%
	AR	B	0.03%
	PNFP	B	0.03%
	LEA	F	0.03%
	CLF	F	0.03%
	CVLT	B	0.03%
	HRB	D	0.03%
	SNV	C	0.03%
	ONB	C	0.03%
	PCTY	C	0.02%
	EXLS	B	0.02%
	LNW	F	0.02%
	ROIV	C	0.02%
	MSA	F	0.02%
	BC	C	0.02%
	INSM	C	0.02%
	FRPT	A	0.02%
	RBC	A	0.02%
	PPC	C	0.02%
	CHH	A	0.02%
	ARMK	B	0.02%
	FCN	F	0.02%
	AZN	F	0.02%
	MDU	D	0.02%
	NVT	B	0.02%
	HOMB	A	0.02%
	ALSN	B	0.02%
	OZK	B	0.02%
	FSS	B	0.02%
	OLED	F	0.02%
	ONTO	F	0.02%
	CNM	D	0.02%
	NOV	C	0.02%
	HAS	D	0.02%
	SIGI	C	0.02%
	DAR	C	0.02%
	BRKR	D	0.02%
	BMI	B	0.02%
	HLI	A	0.02%
	FLR	B	0.02%
	GLOB	B	0.02%
	JHG	B	0.02%
	OLLI	D	0.02%
	MMSI	A	0.02%
	MOG.A	B	0.02%
	CHE	D	0.02%
	FLS	B	0.02%
	DOCS	C	0.02%
	LFUS	D	0.02%
	SWX	B	0.02%
	MTH	D	0.02%
	SN	D	0.02%
	COOP	B	0.02%
	OSK	C	0.02%
	CSWI	B	0.02%
	M	F	0.02%
	HESM	B	0.02%
	MGY	A	0.02%
	PCVX	D	0.02%
	NTRA	A	0.02%
	QLYS	B	0.02%
	IVZ	B	0.02%
	SON	F	0.02%
	THC	D	0.02%
	TMHC	C	0.02%
	AMKR	D	0.02%
	RVMD	C	0.02%
	MASI	B	0.02%
	CHDN	B	0.02%
	LBRDK	C	0.02%
	CADE	B	0.02%
	TPX	B	0.02%
	NTNX	B	0.02%
	PB	B	0.02%
	SATS	D	0.02%
	GFS	C	0.01%
	LYFT	C	0.01%
	SEE	C	0.01%
	RMBS	B	0.01%
	ELF	C	0.01%
	PAG	B	0.01%
	NEU	D	0.01%
	SMMT	D	0.01%
	IONS	F	0.01%
	ADTN	A	0.01%
	PI	D	0.01%
	RRX	B	0.01%
	ZG	A	0.01%
	CFLT	B	0.01%
	TNET	F	0.01%
	CYTK	F	0.01%
	CHWY	B	0.01%
	LCID	F	0.01%
	AAL	B	0.01%
	GTLS	A	0.01%
	U	C	0.01%
	CWEN	C	0.01%
	TDW	F	0.01%
	RGEN	D	0.01%
	VAL	F	0.01%
	NOVT	D	0.01%
	VERX	A	0.01%
	SUM	B	0.01%
	ALTR	B	0.01%
	CACC	D	0.01%
	PEN	B	0.01%
	GXO	B	0.01%
	HQY	A	0.01%
	NXST	C	0.01%
	PATH	C	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%
	PCOR	B	0.01%
	NPAB	F	0.01%
	ACHC	F	0.01%
	PSN	D	0.01%
	DLB	B	0.01%
	FOUR	A	0.01%
	MORN	B	0.01%
	GTLB	B	0.01%
	BROS	A	0.01%
	MTN	C	0.01%
	MKSI	C	0.01%
	KRYS	C	0.01%
	AGR	A	0.01%
	BILL	A	0.01%
	CWAN	B	0.01%
	RRR	F	0.01%
	LSCC	D	0.01%
	ESTC	C	0.01%
	UI	B	0.01%
	CWST	A	0.01%
	DBX	B	0.01%
	VRNS	D	0.01%
	DUOL	A	0.01%
	ATKR	D	0.01%
	BECN	B	0.01%
	VNT	C	0.01%
	CACI	D	0.01%
	USFD	A	0.01%
	APPF	B	0.01%
	MARA	B	0.01%
	BOKF	B	0.01%
	OGN	F	0.01%
	RYAN	A	0.01%
	SRPT	F	0.01%
	BERY	C	0.01%
	MTSI	B	0.01%
	KBR	F	0.01%
	IDA	A	0.01%
	XP	F	0.01%
	LEVI	F	0.01%
	WEX	D	0.01%
	AZEK	A	0.01%
	MIDD	C	0.01%
	BCPC	B	0.01%
	NFG	A	0.01%
	LUMN	C	0.01%
	AN	C	0.01%
	BYD	B	0.01%
	VVV	D	0.01%
	SPSC	D	0.01%
	WTS	B	0.01%
	SMAR	B	0.01%
	TTEK	F	0.01%
	PLNT	A	0.01%
	ZWS	B	0.01%
	LNC	C	0.01%
	MDGL	B	0.01%
	WSC	F	0.01%
	GKOS	B	0.01%
	PFSI	C	0.01%
	SITE	F	0.01%
	WING	D	0.01%
	VKTX	F	0.01%
	AL	B	0.01%
	PBF	D	0.01%
	THO	B	0.01%
	ELAN	D	0.01%
	FIVE	F	0.01%
	SM	B	0.01%
	CR	A	0.01%
	WH	B	0.01%
	LANC	C	0.01%
	ITCI	C	0.01%
	AUR	C	0.01%
	S	B	0.01%
	CGNX	D	0.01%
	NVST	B	0.0%
	TPG	A	0.0%
	CRSP	D	0.0%
	WOLF	F	0.0%
	WHR	B	0.0%
	RARE	F	0.0%
	AGL	F	0.0%
	EMBC	C	0.0%
	KLG	B	0.0%
	HIMS	B	0.0%
	SEDG	F	0.0%
	COTY	F	0.0%
	FG	A	0.0%
	CNXC	F	0.0%
	FFIN	B	0.0%
	IMVT	F	0.0%
	DXC	B	0.0%
	RNA	C	0.0%
	SPB	C	0.0%
	TXG	F	0.0%
	SIRI	C	0.0%
	SAM	C	0.0%
	UGI	C	0.0%
	BRZE	C	0.0%
	CRVL	B	0.0%
	BBIO	F	0.0%
	GBCI	B	0.0%
	AGO	B	0.0%
	APLS	F	0.0%
	IPGP	D	0.0%
	INFA	D	0.0%
	FNB	A	0.0%
	PLUG	F	0.0%
	ZI	D	0.0%
	ALKS	C	0.0%
	FIZZ	C	0.0%
	CWEN	C	0.0%
	TDC	D	0.0%
	RDN	D	0.0%
	HCP	B	0.0%
	CAR	C	0.0%
	EEFT	B	0.0%
	HRI	C	0.0%
	SNDR	B	0.0%
	WK	B	0.0%
	TENB	C	0.0%
	FLO	D	0.0%
	ALIT	C	0.0%
	FRHC	B	0.0%
	ST	F	0.0%
	LBRDA	C	0.0%
	OPCH	D	0.0%
	W	D	0.0%
	NFE	D	0.0%
	BIRK	D	0.0%
	OWL	A	0.0%
	INSP	D	0.0%
	ESI	B	0.0%
	CRDO	B	0.0%
	CZR	F	0.0%
	MMS	F	0.0%
	AMG	B	0.0%
	COLB	B	0.0%
	POST	C	0.0%
	ACT	C	0.0%
	ETSY	D	0.0%
	BFAM	D	0.0%
	XRAY	F	0.0%
	REYN	D	0.0%
	CNA	C	0.0%
	NUVL	C	0.0%
	RDDT	A	0.0%
	TMDX	F	0.0%
	SAIC	F	0.0%
	ALGM	D	0.0%
	ZETA	D	0.0%
	RBRK	A	0.0%
	RH	C	0.0%
	SLGN	A	0.0%
	TKO	A	0.0%
	APG	B	0.0%
	BPMC	B	0.0%

AVLC Underweight 68 Positions Relative to ACWI

	Symbol	Grade	Weight
	TM	F	-0.23%
	BABA	D	-0.21%
	MUFG	B	-0.17%
	SONY	B	-0.15%
	PLD	F	-0.14%
	AMT	C	-0.12%
	WELL	A	-0.11%
	EQIX	A	-0.11%
	HDB	C	-0.11%
	SMFG	B	-0.11%
	IBN	C	-0.1%
	CRH	A	-0.09%
	SPG	A	-0.08%
	DLR	B	-0.08%
	PSA	C	-0.07%
	MFG	A	-0.07%
	TEL	B	-0.06%
	CCI	C	-0.06%
	O	C	-0.06%
	EXR	C	-0.05%
	HMC	F	-0.05%
	FERG	B	-0.05%
	AVB	B	-0.04%
	VICI	C	-0.04%
	TCOM	B	-0.04%
	IRM	C	-0.04%
	COO	D	-0.03%
	WY	F	-0.03%
	INVH	D	-0.03%
	BIDU	F	-0.03%
	SBAC	D	-0.03%
	EQR	C	-0.03%
	VTR	B	-0.03%
	HST	C	-0.02%
	ELS	C	-0.02%
	CPT	B	-0.02%
	AMH	C	-0.02%
	REG	A	-0.02%
	UDR	B	-0.02%
	WPC	C	-0.02%
	CHT	C	-0.02%
	LI	F	-0.02%
	DOC	C	-0.02%
	GLPI	C	-0.02%
	FWONK	A	-0.02%
	UMC	F	-0.02%
	KIM	A	-0.02%
	GEN	B	-0.02%
	SUI	C	-0.02%
	ARE	F	-0.02%
	YUMC	C	-0.02%
	MAA	B	-0.02%
	NMR	B	-0.02%
	ESS	B	-0.02%
	EXE	A	-0.02%
	MBAVU	C	-0.01%
	BILI	D	-0.01%
	ACI	C	-0.01%
	NIO	F	-0.01%
	AZPN	A	-0.01%
	XPEV	C	-0.01%
	TME	D	-0.01%
	WIT	B	-0.01%
	NLY	C	-0.01%
	BGNE	D	-0.01%
	CNH	C	-0.01%
	BXP	C	-0.01%
	MNSO	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 Dow Jones Component IBD 50 Insurance Products Biotechnology Building Materials

ACWI: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Specialty Retail Capital Markets Software - Infrastructure Biotechnology Internet Content & Information Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Auto Manufacturers Drug Manufacturers - Major Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Telecommunications Bank Chemical Aerospace Real Estate Investment Trust Banking Medicine Semiconductor Cloud Computing Transport Mining IBD 50