AVLC vs. ACWV ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

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

$69.74

Average Daily Volume

19,482

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	ACWV
30 Days	4.71%	0.32%
60 Days	6.29%	-0.25%
90 Days	7.72%	1.23%
12 Months	33.08%	18.77%

131 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in ACWV	Overlap
ABBV	D	0.38%	0.49%	0.38%
ABT	B	0.2%	0.1%	0.1%
ACGL	D	0.15%	0.57%	0.15%
ACN	C	0.32%	0.26%	0.26%
AEE	A	0.08%	0.11%	0.08%
AEP	D	0.14%	0.07%	0.07%
AIZ	A	0.05%	0.13%	0.05%
AJG	B	0.05%	0.33%	0.05%
AKAM	D	0.03%	0.27%	0.03%
AMGN	D	0.19%	0.34%	0.19%
ANET	C	0.15%	0.06%	0.06%
AON	A	0.1%	0.35%	0.1%
APH	A	0.12%	0.54%	0.12%
AZO	C	0.05%	0.77%	0.05%
BAH	F	0.03%	0.37%	0.03%
BDX	F	0.05%	0.22%	0.05%
BMRN	D	0.03%	0.19%	0.03%
BMY	B	0.18%	0.25%	0.18%
BRK.A	B	0.67%	0.91%	0.67%
BRO	B	0.02%	0.3%	0.02%
CAG	D	0.01%	0.05%	0.01%
CAH	B	0.03%	0.18%	0.03%
CB	C	0.22%	0.88%	0.22%
CBOE	B	0.03%	0.54%	0.03%
CF	B	0.09%	0.25%	0.09%
CHD	B	0.05%	0.46%	0.05%
CHRW	C	0.03%	0.06%	0.03%
CI	F	0.07%	0.24%	0.07%
CL	D	0.18%	0.35%	0.18%
CME	A	0.12%	0.23%	0.12%
CMS	C	0.06%	0.16%	0.06%
COR	B	0.09%	1.05%	0.09%
CPB	D	0.01%	0.22%	0.01%
CSCO	B	0.3%	1.57%	0.3%
CTSH	B	0.13%	0.21%	0.13%
CTVA	C	0.08%	0.12%	0.08%
DGX	A	0.01%	0.15%	0.01%
DINO	D	0.04%	0.06%	0.04%
DPZ	C	0.01%	0.19%	0.01%
DUK	C	0.16%	0.81%	0.16%
EA	A	0.06%	0.63%	0.06%
ED	D	0.08%	0.84%	0.08%
EG	C	0.08%	0.1%	0.08%
ELV	F	0.13%	0.42%	0.13%
ERIE	D	0.02%	0.26%	0.02%
FANG	D	0.17%	0.06%	0.06%
FCNCA	A	0.12%	0.23%	0.12%
FFIV	B	0.03%	0.36%	0.03%
FI	A	0.07%	0.48%	0.07%
FICO	B	0.08%	0.12%	0.08%
GD	F	0.05%	0.18%	0.05%
GDDY	A	0.08%	0.64%	0.08%
GILD	C	0.35%	0.48%	0.35%
GIS	D	0.03%	0.61%	0.03%
GPC	D	0.06%	0.05%	0.05%
HOLX	D	0.03%	0.05%	0.03%
HRL	D	0.02%	0.23%	0.02%
HSIC	B	0.01%	0.05%	0.01%
HSY	F	0.09%	0.44%	0.09%
HUM	C	0.05%	0.31%	0.05%
IBM	C	0.27%	0.73%	0.27%
INCY	C	0.03%	0.38%	0.03%
IT	C	0.09%	0.07%	0.07%
JKHY	D	0.04%	0.2%	0.04%
JNJ	D	0.58%	1.05%	0.58%
JNPR	F	0.02%	0.32%	0.02%
K	A	0.03%	0.57%	0.03%
KDP	D	0.05%	0.36%	0.05%
KEYS	A	0.06%	0.41%	0.06%
KHC	F	0.05%	0.33%	0.05%
KMB	D	0.14%	0.3%	0.14%
KNX	B	0.04%	0.06%	0.04%
KO	D	0.4%	0.05%	0.05%
KR	B	0.2%	0.83%	0.2%
L	A	0.07%	0.4%	0.07%
LLY	F	0.79%	0.52%	0.52%
LMT	D	0.23%	0.23%	0.23%
LNG	B	0.23%	0.16%	0.16%
MA	C	0.66%	0.19%	0.19%
MCD	D	0.16%	1.02%	0.16%
MCK	B	0.07%	1.42%	0.07%
MDLZ	F	0.09%	0.25%	0.09%
MKL	A	0.12%	0.43%	0.12%
MMC	B	0.09%	0.88%	0.09%
MNST	C	0.03%	0.12%	0.03%
MOH	F	0.07%	0.12%	0.07%
MPC	D	0.22%	0.15%	0.15%
MRK	F	0.32%	1.06%	0.32%
MSFT	F	4.39%	0.76%	0.76%
MSI	B	0.23%	1.88%	0.23%
NBIX	C	0.04%	0.31%	0.04%
NEM	D	0.02%	0.09%	0.02%
NOC	D	0.05%	0.77%	0.05%
ORCL	B	0.42%	0.54%	0.42%
ORLY	B	0.07%	0.62%	0.07%
PCG	A	0.13%	0.1%	0.1%
PEP	F	0.27%	1.08%	0.27%
PG	A	0.39%	0.82%	0.39%
PGR	A	0.46%	0.84%	0.46%
PTC	A	0.03%	0.22%	0.03%
REGN	F	0.14%	0.61%	0.14%
ROL	B	0.03%	0.21%	0.03%
ROP	B	0.09%	1.36%	0.09%
RSG	A	0.04%	1.19%	0.04%
SJM	D	0.01%	0.27%	0.01%
SO	D	0.13%	0.8%	0.13%
T	A	0.42%	0.26%	0.26%
TDY	B	0.03%	0.11%	0.03%
TJX	A	0.44%	0.37%	0.37%
TMUS	B	0.31%	2.03%	0.31%
TPL	A	0.13%	0.1%	0.1%
TRGP	B	0.27%	0.08%	0.08%
TRV	B	0.26%	0.32%	0.26%
TSN	B	0.05%	0.32%	0.05%
ULTA	F	0.11%	0.16%	0.11%
UNH	C	0.36%	0.83%	0.36%
UTHR	C	0.1%	0.4%	0.1%
V	A	0.59%	0.59%	0.59%
VRSN	F	0.02%	0.35%	0.02%
VRTX	F	0.25%	1.13%	0.25%
VZ	C	0.45%	0.76%	0.45%
WCN	A	0.04%	0.39%	0.04%
WDAY	B	0.08%	0.1%	0.08%
WEC	A	0.04%	0.68%	0.04%
WM	A	0.13%	1.5%	0.13%
WMT	A	0.64%	1.82%	0.64%
WRB	A	0.07%	0.41%	0.07%
WTW	B	0.02%	0.1%	0.02%
XEL	A	0.11%	0.11%	0.11%
XOM	B	1.04%	0.1%	0.1%
YUM	B	0.04%	0.24%	0.04%

AVLC Overweight 845 Positions Relative to ACWV

Symbol	Grade	Weight
AAPL	C	5.24%
NVDA	C	4.82%
AMZN	C	3.03%
META	D	2.26%
GOOGL	C	1.57%
GOOG	C	1.3%
JPM	A	1.19%
AVGO	D	1.11%
COST	B	0.94%
TSLA	B	0.78%
CVX	A	0.64%
HD	A	0.58%
WFC	A	0.55%
CAT	B	0.52%
QCOM	F	0.48%
NFLX	A	0.48%
UNP	C	0.47%
GS	A	0.44%
CRM	B	0.44%
BAC	A	0.42%
AXP	A	0.4%
MELI	D	0.39%
CMCSA	B	0.38%
COP	C	0.38%
AMAT	F	0.36%
ADP	B	0.36%
MS	A	0.35%
LRCX	F	0.34%
ADBE	C	0.33%
PYPL	B	0.32%
GM	B	0.31%
AMD	F	0.31%
NOW	A	0.3%
EOG	A	0.3%
DE	A	0.3%
WMB	A	0.29%
TGT	F	0.29%
RCL	A	0.28%
INTU	C	0.27%
FDX	B	0.26%
TXN	C	0.26%
AMP	A	0.26%
CSX	B	0.26%
PCAR	B	0.25%
C	A	0.23%
COF	B	0.23%
FTNT	C	0.23%
GWW	B	0.23%
USB	A	0.23%
DAL	C	0.23%
CMG	B	0.23%
APD	A	0.22%
NSC	B	0.22%
PNC	B	0.22%
KLAC	D	0.21%
LIN	D	0.21%
CMI	A	0.21%
SCHW	B	0.21%
ROST	C	0.21%
ALL	A	0.2%
GE	D	0.2%
ZTS	D	0.2%
F	C	0.2%
URI	B	0.2%
OKE	A	0.2%
MET	A	0.2%
FAST	B	0.2%
AIG	B	0.2%
MMM	D	0.19%
PANW	C	0.19%
TFC	A	0.19%
UPS	C	0.19%
HIG	B	0.19%
HES	B	0.19%
AFL	B	0.19%
UAL	A	0.19%
PSX	C	0.19%
PLTR	B	0.18%
ISRG	A	0.18%
BK	A	0.18%
PM	B	0.18%
DIS	B	0.18%
PRU	A	0.18%
FCX	D	0.18%
BLK	C	0.18%
BKR	B	0.18%
PAYX	C	0.17%
VLO	C	0.17%
TSCO	D	0.17%
NKE	D	0.17%
LEN	D	0.17%
MU	D	0.17%
NUE	C	0.16%
INTC	D	0.16%
DECK	A	0.16%
APP	B	0.16%
RTX	C	0.16%
APO	B	0.16%
ADI	D	0.15%
OXY	D	0.15%
TMO	F	0.15%
PFE	D	0.15%
HON	B	0.15%
SYF	B	0.15%
KKR	A	0.15%
LULU	C	0.15%
FITB	A	0.14%
DOW	F	0.14%
SHW	A	0.14%
DVN	F	0.14%
TT	A	0.14%
MLM	B	0.14%
ETN	A	0.14%
EBAY	D	0.14%
EME	C	0.14%
ODFL	B	0.14%
IP	B	0.13%
VRT	B	0.13%
CCL	B	0.13%
DHR	F	0.13%
HAL	C	0.13%
BKNG	A	0.13%
VST	B	0.13%
CSL	C	0.13%
GEV	B	0.13%
SYK	C	0.12%
SNPS	B	0.12%
BBY	D	0.12%
MTB	A	0.12%
CDNS	B	0.12%
MDT	D	0.12%
CTAS	B	0.12%
ETR	B	0.12%
SFM	A	0.12%
PHM	D	0.12%
DHI	D	0.12%
CPNG	D	0.12%
LOW	D	0.12%
STLD	B	0.12%
PKG	A	0.12%
ITW	B	0.12%
BSX	B	0.12%
ON	D	0.12%
VRSK	A	0.12%
HBAN	A	0.11%
BX	A	0.11%
NTRS	A	0.11%
MRVL	B	0.11%
OC	A	0.11%
ADM	D	0.11%
MRO	B	0.11%
IDXX	F	0.11%
CRWD	B	0.11%
LYB	F	0.11%
EQT	B	0.11%
RJF	A	0.11%
BURL	A	0.11%
CEG	D	0.11%
WSM	B	0.11%
GRMN	B	0.1%
DRI	B	0.1%
CPRT	A	0.1%
TROW	B	0.1%
PEG	A	0.1%
STT	A	0.1%
FLEX	A	0.1%
RPM	A	0.1%
SW	A	0.1%
LPLA	A	0.1%
CTRA	B	0.1%
FIX	A	0.1%
JBL	B	0.1%
NVR	D	0.1%
KMI	A	0.1%
EXC	C	0.1%
MCO	B	0.1%
FSLR	F	0.1%
MSTR	C	0.09%
MO	A	0.09%
VTRS	A	0.09%
LVS	C	0.09%
CVNA	B	0.09%
SPGI	C	0.09%
EXPD	D	0.09%
EQH	B	0.09%
SLB	C	0.09%
GLW	B	0.09%
PFG	D	0.09%
SBUX	A	0.09%
PH	A	0.09%
EIX	B	0.09%
PWR	A	0.09%
UBER	D	0.09%
ADSK	A	0.09%
TXRH	C	0.09%
LII	A	0.09%
CNC	D	0.08%
OVV	B	0.08%
EW	C	0.08%
NXPI	D	0.08%
JBHT	C	0.08%
RGA	A	0.08%
BG	F	0.08%
LUV	C	0.08%
BJ	A	0.08%
SNA	A	0.08%
DKS	C	0.08%
RF	A	0.08%
TPR	B	0.08%
FNF	B	0.08%
COIN	C	0.08%
JEF	A	0.08%
HPE	B	0.08%
FTI	A	0.08%
CASY	A	0.08%
NCLH	B	0.08%
DFS	B	0.08%
CFG	B	0.08%
EWBC	A	0.08%
SQ	B	0.07%
ICE	C	0.07%
DTE	C	0.07%
SWKS	F	0.07%
CINF	A	0.07%
WCC	B	0.07%
PAYC	B	0.07%
SAIA	B	0.07%
JXN	C	0.07%
DLTR	F	0.07%
ABNB	C	0.07%
MLI	C	0.07%
SPOT	B	0.07%
SYY	B	0.07%
TOL	B	0.07%
INGR	B	0.07%
RMD	C	0.07%
POOL	C	0.07%
PPL	B	0.07%
RS	B	0.07%
MUSA	A	0.07%
NEE	D	0.07%
BLDR	D	0.07%
TDG	D	0.07%
RNR	C	0.07%
SRE	A	0.07%
PRI	A	0.07%
EXP	A	0.07%
UNM	A	0.06%
ALLY	C	0.06%
PR	B	0.06%
VLTO	D	0.06%
COKE	C	0.06%
KVUE	A	0.06%
WAL	B	0.06%
UHS	D	0.06%
CMA	A	0.06%
LECO	B	0.06%
IFF	D	0.06%
ATI	D	0.06%
GL	B	0.06%
BA	F	0.06%
WMS	D	0.06%
CARR	D	0.06%
MANH	D	0.06%
GNRC	B	0.06%
AFG	A	0.06%
GPK	C	0.06%
CLX	B	0.06%
A	D	0.06%
BWXT	B	0.06%
FIS	C	0.06%
DCI	B	0.06%
PFGC	B	0.06%
DG	F	0.06%
ANF	C	0.06%
DASH	A	0.06%
DD	D	0.06%
LPX	B	0.06%
NTAP	C	0.06%
ECL	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%
CROX	D	0.05%
MSCI	C	0.05%
ZM	B	0.05%
CVS	D	0.05%
TAP	C	0.05%
WFRD	D	0.05%
MOS	F	0.05%
FOXA	B	0.05%
SKX	D	0.05%
JLL	D	0.05%
DXCM	D	0.05%
RHI	B	0.05%
PNW	B	0.05%
WBS	A	0.05%
MKTX	D	0.05%
ZBH	C	0.05%
ARW	D	0.05%
CBT	C	0.05%
WTFC	A	0.05%
VMC	B	0.05%
ATO	A	0.05%
MTDR	B	0.05%
AAON	B	0.05%
MCHP	D	0.05%
D	C	0.05%
TER	D	0.05%
HPQ	B	0.05%
SNOW	C	0.05%
CDW	F	0.05%
KMX	B	0.05%
BWA	D	0.05%
ALV	C	0.05%
PPG	F	0.05%
AXON	A	0.05%
HUBS	A	0.05%
DDOG	A	0.05%
EVRG	A	0.05%
TXT	D	0.05%
CHRD	D	0.05%
VEEV	C	0.05%
STZ	D	0.05%
WAT	B	0.05%
UFPI	B	0.05%
ZION	B	0.05%
IR	B	0.05%
MAR	B	0.05%
LNTH	D	0.05%
AIT	A	0.05%
GGG	B	0.05%
FYBR	D	0.05%
WST	C	0.05%
HWM	A	0.05%
AME	A	0.05%
AXS	A	0.05%
DOCU	A	0.05%
WSO	A	0.05%
FND	C	0.05%
CRBG	B	0.05%
TEAM	A	0.05%
NRG	B	0.05%
R	B	0.05%
HCA	F	0.05%
HOOD	B	0.05%
TTD	B	0.05%
KNSL	B	0.05%
DELL	C	0.05%
EMR	A	0.05%
HLT	A	0.05%
CHTR	C	0.05%
KEY	B	0.05%
RL	B	0.05%
ATR	B	0.05%
AGCO	D	0.04%
ALNY	D	0.04%
EVR	B	0.04%
DTM	B	0.04%
AWI	A	0.04%
SSD	D	0.04%
TWLO	A	0.04%
LNT	A	0.04%
STE	F	0.04%
FMC	D	0.04%
SNX	C	0.04%
KEX	C	0.04%
ILMN	D	0.04%
HUBB	B	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
JCI	C	0.04%
XPO	B	0.04%
XYL	D	0.04%
IQV	D	0.04%
FN	D	0.04%
LH	C	0.04%
ROK	B	0.04%
CMC	B	0.04%
CPAY	A	0.04%
NET	B	0.04%
CRUS	D	0.04%
ALGN	D	0.04%
APTV	D	0.04%
TYL	B	0.04%
MTG	C	0.04%
OGE	B	0.04%
OTIS	C	0.04%
HII	D	0.04%
TREX	C	0.04%
ITT	A	0.04%
KBH	D	0.04%
KD	B	0.04%
CSGP	D	0.04%
AXTA	A	0.04%
SOFI	A	0.04%
RRC	B	0.04%
CLH	B	0.04%
BR	A	0.04%
JAZZ	B	0.04%
CRS	A	0.04%
FHN	A	0.04%
WAB	B	0.04%
ANSS	B	0.04%
GAP	C	0.04%
LSTR	D	0.04%
EPAM	C	0.04%
SF	B	0.04%
CBSH	A	0.04%
FDS	B	0.04%
AYI	B	0.04%
CHX	C	0.04%
CFR	B	0.04%
OMF	A	0.04%
EXPE	B	0.04%
MPWR	F	0.04%
EMN	D	0.04%
MHK	D	0.04%
DOX	D	0.03%
MEDP	D	0.03%
LDOS	C	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%
MRNA	F	0.03%
GMED	A	0.03%
TKR	D	0.03%
DY	D	0.03%
IEX	B	0.03%
FAF	A	0.03%
ENLC	A	0.03%
UHAL	D	0.03%
RLI	B	0.03%
GME	C	0.03%
NWSA	B	0.03%
X	C	0.03%
AFRM	B	0.03%
HALO	F	0.03%
BIIB	F	0.03%
OLN	D	0.03%
PEGA	A	0.03%
NYT	C	0.03%
ZS	C	0.03%
CTLT	B	0.03%
AWK	D	0.03%
ZBRA	B	0.03%
MTZ	B	0.03%
MDB	C	0.03%
PODD	C	0.03%
HLNE	B	0.03%
WWD	B	0.03%
EXPO	D	0.03%
NU	C	0.03%
VOYA	B	0.03%
STX	D	0.03%
MTD	D	0.03%
LHX	C	0.03%
WDC	D	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%
TTWO	A	0.03%
RIVN	F	0.03%
GEHC	F	0.03%
ESNT	D	0.03%
MAT	D	0.03%
SEIC	B	0.03%
AA	B	0.03%
DOV	A	0.03%
ALK	C	0.03%
CW	B	0.03%
SSB	B	0.03%
BPOP	B	0.03%
VFC	C	0.03%
TTC	D	0.03%
CIEN	B	0.03%
WBD	C	0.03%
CIVI	D	0.03%
APA	D	0.03%
AR	B	0.03%
PNFP	B	0.03%
LEA	D	0.03%
CLF	F	0.03%
CVLT	B	0.03%
AVY	D	0.03%
HRB	D	0.03%
SNV	B	0.03%
AOS	F	0.03%
ONB	B	0.03%
PCTY	B	0.02%
PNR	A	0.02%
EXLS	B	0.02%
LNW	D	0.02%
ROIV	C	0.02%
MSA	D	0.02%
BC	C	0.02%
INSM	C	0.02%
FRPT	B	0.02%
MAS	D	0.02%
RBC	A	0.02%
TRU	D	0.02%
PPC	C	0.02%
OMC	C	0.02%
SWK	D	0.02%
CHH	A	0.02%
QRVO	F	0.02%
OKTA	C	0.02%
ARMK	B	0.02%
FCN	D	0.02%
AZN	D	0.02%
BAX	D	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%
ROKU	D	0.02%
OLED	D	0.02%
ONTO	D	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	B	0.02%
ARES	A	0.02%
FLR	B	0.02%
GLOB	B	0.02%
JHG	A	0.02%
FE	C	0.02%
OLLI	D	0.02%
Z	A	0.02%
LYV	A	0.02%
MMSI	B	0.02%
AMCR	D	0.02%
MOG.A	B	0.02%
CHE	D	0.02%
FLS	B	0.02%
DOCS	C	0.02%
TOST	B	0.02%
LFUS	F	0.02%
TECH	D	0.02%
SWX	B	0.02%
ES	D	0.02%
CCK	C	0.02%
FBIN	D	0.02%
LW	C	0.02%
EFX	F	0.02%
MTH	D	0.02%
SN	D	0.02%
EL	F	0.02%
DT	C	0.02%
CNP	B	0.02%
COOP	B	0.02%
CG	A	0.02%
ENTG	D	0.02%
OSK	B	0.02%
CSWI	A	0.02%
PINS	D	0.02%
FOX	A	0.02%
M	D	0.02%
HESM	B	0.02%
MGY	A	0.02%
PCVX	D	0.02%
NTRA	B	0.02%
NDAQ	A	0.02%
QLYS	C	0.02%
TW	A	0.02%
IVZ	B	0.02%
SON	D	0.02%
RVTY	F	0.02%
THC	D	0.02%
TMHC	B	0.02%
AMKR	D	0.02%
RVMD	C	0.02%
MASI	A	0.02%
CHDN	B	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
TRMB	B	0.02%
ALLE	D	0.02%
TPX	B	0.02%
ACM	A	0.02%
RPRX	D	0.02%
TFX	F	0.02%
WLK	D	0.02%
NTNX	A	0.02%
NI	A	0.02%
PB	A	0.02%
SATS	D	0.02%
GFS	C	0.01%
SNAP	C	0.01%
LYFT	C	0.01%
HEI	B	0.01%
SEE	C	0.01%
RMBS	C	0.01%
ELF	C	0.01%
FLUT	A	0.01%
H	B	0.01%
PAG	B	0.01%
NEU	C	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%
CE	F	0.01%
BBWI	D	0.01%
CFLT	B	0.01%
TNET	D	0.01%
CYTK	F	0.01%
CHWY	B	0.01%
LCID	F	0.01%
AAL	B	0.01%
GTLS	B	0.01%
U	C	0.01%
CWEN	C	0.01%
TDW	F	0.01%
EXAS	D	0.01%
RGEN	D	0.01%
LEN	D	0.01%
VAL	D	0.01%
NOVT	D	0.01%
VERX	B	0.01%
SUM	B	0.01%
ALTR	B	0.01%
WYNN	D	0.01%
CACC	D	0.01%
PEN	B	0.01%
WTRG	B	0.01%
DKNG	B	0.01%
NDSN	B	0.01%
GXO	B	0.01%
HQY	B	0.01%
NXST	C	0.01%
PATH	C	0.01%
AVAV	D	0.01%
NWS	B	0.01%
HXL	D	0.01%
ESAB	B	0.01%
DDS	B	0.01%
BRBR	A	0.01%
PCOR	B	0.01%
NPAB	B	0.01%
ACHC	F	0.01%
PSN	D	0.01%
IPG	D	0.01%
DLB	B	0.01%
FOUR	B	0.01%
MORN	B	0.01%
HEI	B	0.01%
GTLB	B	0.01%
BROS	B	0.01%
MTN	C	0.01%
SOLV	C	0.01%
MKSI	C	0.01%
KRYS	B	0.01%
AGR	B	0.01%
BILL	A	0.01%
CWAN	B	0.01%
RRR	D	0.01%
LSCC	D	0.01%
ESTC	C	0.01%
UI	A	0.01%
CWST	A	0.01%
SSNC	B	0.01%
DBX	B	0.01%
VRNS	D	0.01%
LKQ	D	0.01%
DUOL	A	0.01%
MTCH	D	0.01%
ATKR	C	0.01%
BSY	D	0.01%
BECN	B	0.01%
VNT	B	0.01%
CACI	D	0.01%
USFD	A	0.01%
APPF	B	0.01%
AVTR	F	0.01%
PARA	C	0.01%
MARA	C	0.01%
BOKF	B	0.01%
OGN	D	0.01%
GPN	B	0.01%
J	F	0.01%
RYAN	B	0.01%
SRPT	D	0.01%
RBLX	C	0.01%
BERY	B	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%
CRL	C	0.01%
MGM	D	0.01%
BEN	C	0.01%
AZEK	A	0.01%
MIDD	C	0.01%
BCPC	B	0.01%
ENPH	F	0.01%
NFG	A	0.01%
LUMN	C	0.01%
AN	C	0.01%
BYD	C	0.01%
VVV	F	0.01%
SPSC	C	0.01%
WTS	B	0.01%
BIO	D	0.01%
SMAR	A	0.01%
TTEK	F	0.01%
PLNT	A	0.01%
ZWS	B	0.01%
LNC	B	0.01%
MDGL	B	0.01%
MKC	D	0.01%
WSC	D	0.01%
GKOS	B	0.01%
PFSI	D	0.01%
SITE	D	0.01%
WING	D	0.01%
DVA	B	0.01%
IOT	A	0.01%
VKTX	F	0.01%
AL	B	0.01%
PBF	D	0.01%
FTV	C	0.01%
THO	B	0.01%
ELAN	D	0.01%
FIVE	F	0.01%
SM	B	0.01%
SMCI	F	0.01%
CR	A	0.01%
WH	B	0.01%
ALB	C	0.01%
LANC	C	0.01%
ITCI	C	0.01%
AUR	C	0.01%
CELH	F	0.01%
S	B	0.01%
CGNX	C	0.01%
NVST	B	0.0%
TPG	A	0.0%
CRSP	D	0.0%
WOLF	F	0.0%
WHR	B	0.0%
RARE	D	0.0%
AGL	F	0.0%
EMBC	C	0.0%
KLG	C	0.0%
HIMS	B	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	B	0.0%
RNA	D	0.0%
SPB	C	0.0%
TXG	F	0.0%
SIRI	C	0.0%
WBA	F	0.0%
SAM	C	0.0%
UGI	A	0.0%
BRZE	C	0.0%
CRVL	A	0.0%
BBIO	F	0.0%
GBCI	B	0.0%
UHAL	D	0.0%
AGO	B	0.0%
APLS	D	0.0%
IPGP	D	0.0%
INFA	D	0.0%
FNB	A	0.0%
PLUG	F	0.0%
ZI	D	0.0%
ALKS	B	0.0%
FIZZ	C	0.0%
CWEN	C	0.0%
TDC	D	0.0%
RDN	C	0.0%
HCP	B	0.0%
CAR	C	0.0%
EEFT	B	0.0%
HRI	B	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	F	0.0%
NFE	D	0.0%
BIRK	D	0.0%
OWL	A	0.0%
INSP	D	0.0%
ESI	A	0.0%
CRDO	B	0.0%
CZR	F	0.0%
MMS	F	0.0%
AMG	B	0.0%
COLB	A	0.0%
POST	C	0.0%
ACT	D	0.0%
ETSY	D	0.0%
BFAM	D	0.0%
XRAY	F	0.0%
REYN	D	0.0%
CNA	B	0.0%
NUVL	D	0.0%
DAY	B	0.0%
RDDT	B	0.0%
TMDX	F	0.0%
SAIC	F	0.0%
ALGM	D	0.0%
ZETA	D	0.0%
RBRK	A	0.0%
RH	B	0.0%
SLGN	A	0.0%
TKO	B	0.0%
APG	B	0.0%
BPMC	C	0.0%

AVLC Underweight 8 Positions Relative to ACWV

Symbol	Grade	Weight
CHT	D	-0.37%
GEN	B	-0.3%
FWONK	B	-0.22%
MFG	B	-0.21%
WIT	A	-0.12%
AZPN	A	-0.11%
ACI	C	-0.05%
HKD	F	-0.0%