AVLC vs. FAD ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to First Trust MuFirst Trust Multi CG AlphaDEX (FAD)

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

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$148.38

Average Daily Volume

4,463

Number of Holdings ^*

640

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	FAD
30 Days	4.71%	9.58%
60 Days	6.29%	11.65%
90 Days	7.72%	14.77%
12 Months	33.08%	44.05%

335 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in FAD	Overlap
A	D	0.06%	0.07%	0.06%
AAON	B	0.05%	0.2%	0.05%
AAPL	C	5.24%	0.17%	0.17%
ACGL	D	0.15%	0.37%	0.15%
ADP	B	0.36%	0.09%	0.09%
ADSK	A	0.09%	0.19%	0.09%
AES	F	0.06%	0.09%	0.06%
AFRM	B	0.03%	0.32%	0.03%
AIT	A	0.05%	0.2%	0.05%
AJG	B	0.05%	0.26%	0.05%
ALL	A	0.2%	0.44%	0.2%
ALLE	D	0.02%	0.12%	0.02%
ALNY	D	0.04%	0.29%	0.04%
ALSN	B	0.02%	0.25%	0.02%
AM	A	0.03%	0.04%	0.03%
AMGN	D	0.19%	0.15%	0.15%
AMP	A	0.26%	0.41%	0.26%
AMZN	C	3.03%	0.18%	0.18%
ANET	C	0.15%	0.33%	0.15%
ANF	C	0.06%	0.17%	0.06%
AON	A	0.1%	0.09%	0.09%
AOS	F	0.03%	0.07%	0.03%
APH	A	0.12%	0.18%	0.12%
APO	B	0.16%	0.32%	0.16%
APP	B	0.16%	0.96%	0.16%
APPF	B	0.01%	0.04%	0.01%
ARES	A	0.02%	0.18%	0.02%
ATI	D	0.06%	0.18%	0.06%
ATR	B	0.05%	0.09%	0.05%
AUR	C	0.01%	0.17%	0.01%
AVAV	D	0.01%	0.16%	0.01%
AVGO	D	1.11%	0.32%	0.32%
AWI	A	0.04%	0.15%	0.04%
AXON	A	0.05%	0.63%	0.05%
AXP	A	0.4%	0.44%	0.4%
AXTA	A	0.04%	0.09%	0.04%
AYI	B	0.04%	0.15%	0.04%
AZEK	A	0.01%	0.12%	0.01%
AZO	C	0.05%	0.17%	0.05%
BAH	F	0.03%	0.29%	0.03%
BCPC	B	0.01%	0.08%	0.01%
BFAM	D	0.0%	0.16%	0.0%
BK	A	0.18%	0.46%	0.18%
BKNG	A	0.13%	0.29%	0.13%
BLD	D	0.03%	0.15%	0.03%
BMI	B	0.02%	0.16%	0.02%
BPMC	C	0.0%	0.08%	0.0%
BR	A	0.04%	0.26%	0.04%
BRBR	A	0.01%	0.15%	0.01%
BRK.A	B	0.67%	0.25%	0.25%
BRKR	D	0.02%	0.03%	0.02%
BRO	B	0.02%	0.36%	0.02%
BSX	B	0.12%	0.36%	0.12%
BURL	A	0.11%	0.44%	0.11%
BWXT	B	0.06%	0.15%	0.06%
CACI	D	0.01%	0.18%	0.01%
CASY	A	0.08%	0.27%	0.08%
CAT	B	0.52%	0.33%	0.33%
CBOE	B	0.03%	0.17%	0.03%
CBSH	A	0.04%	0.1%	0.04%
CBT	C	0.05%	0.16%	0.05%
CCL	B	0.13%	0.45%	0.13%
CEG	D	0.11%	0.37%	0.11%
CFR	B	0.04%	0.1%	0.04%
CHD	B	0.05%	0.09%	0.05%
CHDN	B	0.02%	0.09%	0.02%
CHE	D	0.02%	0.04%	0.02%
CHH	A	0.02%	0.05%	0.02%
CHWY	B	0.01%	0.1%	0.01%
CL	D	0.18%	0.22%	0.18%
CLH	B	0.04%	0.13%	0.04%
CMG	B	0.23%	0.08%	0.08%
CNM	D	0.02%	0.04%	0.02%
COHR	B	0.03%	0.22%	0.03%
COIN	C	0.08%	0.31%	0.08%
COKE	C	0.06%	0.19%	0.06%
COST	B	0.94%	0.35%	0.35%
CPAY	A	0.04%	0.2%	0.04%
CPNG	D	0.12%	0.42%	0.12%
CRDO	B	0.0%	0.16%	0.0%
CRM	B	0.44%	0.1%	0.1%
CROX	D	0.05%	0.08%	0.05%
CRS	A	0.04%	0.23%	0.04%
CRUS	D	0.04%	0.1%	0.04%
CRVL	A	0.0%	0.18%	0.0%
CRWD	B	0.11%	0.1%	0.1%
CSL	C	0.13%	0.24%	0.13%
CSWI	A	0.02%	0.23%	0.02%
CTAS	B	0.12%	0.35%	0.12%
CVLT	B	0.03%	0.22%	0.03%
CVNA	B	0.09%	0.59%	0.09%
CW	B	0.03%	0.22%	0.03%
CWAN	B	0.01%	0.11%	0.01%
CWST	A	0.01%	0.09%	0.01%
DASH	A	0.06%	0.51%	0.06%
DAY	B	0.0%	0.05%	0.0%
DBX	B	0.01%	0.09%	0.01%
DCI	B	0.06%	0.04%	0.04%
DECK	A	0.16%	0.27%	0.16%
DELL	C	0.05%	0.19%	0.05%
DKNG	B	0.01%	0.09%	0.01%
DKS	C	0.08%	0.12%	0.08%
DOCS	C	0.02%	0.14%	0.02%
DOCU	A	0.05%	0.16%	0.05%
DOV	A	0.03%	0.18%	0.03%
DT	C	0.02%	0.12%	0.02%
DTM	B	0.04%	0.11%	0.04%
DUOL	A	0.01%	0.23%	0.01%
DVA	B	0.01%	0.2%	0.01%
DY	D	0.03%	0.21%	0.03%
ECL	D	0.06%	0.24%	0.06%
EEFT	B	0.0%	0.09%	0.0%
EFX	F	0.02%	0.21%	0.02%
EHC	B	0.03%	0.17%	0.03%
ELAN	D	0.01%	0.04%	0.01%
EME	C	0.14%	0.49%	0.14%
ENSG	D	0.05%	0.21%	0.05%
ERIE	D	0.02%	0.32%	0.02%
ESAB	B	0.01%	0.1%	0.01%
ESI	A	0.0%	0.04%	0.0%
ETN	A	0.14%	0.18%	0.14%
EWBC	A	0.08%	0.21%	0.08%
EXEL	B	0.03%	0.22%	0.03%
EXLS	B	0.02%	0.19%	0.02%
EXP	A	0.07%	0.17%	0.07%
EXPE	B	0.04%	0.51%	0.04%
EXPO	D	0.03%	0.07%	0.03%
FAST	B	0.2%	0.09%	0.09%
FCN	D	0.02%	0.07%	0.02%
FCNCA	A	0.12%	0.4%	0.12%
FFIN	B	0.0%	0.19%	0.0%
FFIV	B	0.03%	0.14%	0.03%
FI	A	0.07%	0.4%	0.07%
FICO	B	0.08%	0.49%	0.08%
FIX	A	0.1%	0.24%	0.1%
FLS	B	0.02%	0.14%	0.02%
FND	C	0.05%	0.07%	0.05%
FOUR	B	0.01%	0.24%	0.01%
FRPT	B	0.02%	0.18%	0.02%
FSLR	F	0.1%	0.33%	0.1%
FSS	B	0.02%	0.16%	0.02%
FTNT	C	0.23%	0.29%	0.23%
GAP	C	0.04%	0.08%	0.04%
GDDY	A	0.08%	0.5%	0.08%
GE	D	0.2%	0.32%	0.2%
GKOS	B	0.01%	0.09%	0.01%
GME	C	0.03%	0.1%	0.03%
GMED	A	0.03%	0.19%	0.03%
GOOGL	C	1.57%	0.09%	0.09%
GPK	C	0.06%	0.08%	0.06%
GPN	B	0.01%	0.09%	0.01%
GRMN	B	0.1%	0.4%	0.1%
GS	A	0.44%	0.5%	0.44%
GTLS	B	0.01%	0.06%	0.01%
GWRE	A	0.03%	0.18%	0.03%
GWW	B	0.23%	0.28%	0.23%
H	B	0.01%	0.04%	0.01%
HALO	F	0.03%	0.12%	0.03%
HCA	F	0.05%	0.35%	0.05%
HEI	B	0.01%	0.44%	0.01%
HEI	B	0.01%	0.44%	0.01%
HIMS	B	0.0%	0.19%	0.0%
HLI	B	0.02%	0.19%	0.02%
HLNE	B	0.03%	0.24%	0.03%
HLT	A	0.05%	0.27%	0.05%
HOMB	A	0.02%	0.14%	0.02%
HOOD	B	0.05%	0.5%	0.05%
HRB	D	0.03%	0.16%	0.03%
HUBB	B	0.04%	0.26%	0.04%
HWM	A	0.05%	0.48%	0.05%
IBKR	A	0.03%	0.22%	0.03%
IBM	C	0.27%	0.32%	0.27%
IBP	D	0.03%	0.14%	0.03%
ICE	C	0.07%	0.24%	0.07%
INSM	C	0.02%	0.11%	0.02%
INSP	D	0.0%	0.1%	0.0%
IOT	A	0.01%	0.21%	0.01%
IR	B	0.05%	0.17%	0.05%
ISRG	A	0.18%	0.27%	0.18%
IT	C	0.09%	0.17%	0.09%
ITCI	C	0.01%	0.09%	0.01%
ITT	A	0.04%	0.17%	0.04%
ITW	B	0.12%	0.08%	0.08%
JPM	A	1.19%	0.39%	0.39%
KD	B	0.04%	0.05%	0.04%
KEX	C	0.04%	0.17%	0.04%
KKR	A	0.15%	0.49%	0.15%
KLAC	D	0.21%	0.07%	0.07%
KMB	D	0.14%	0.08%	0.08%
KNSL	B	0.05%	0.08%	0.05%
KO	D	0.4%	0.15%	0.15%
LCID	F	0.01%	0.03%	0.01%
LII	A	0.09%	0.35%	0.09%
LIN	D	0.21%	0.08%	0.08%
LLY	F	0.79%	0.14%	0.14%
LNTH	D	0.05%	0.14%	0.05%
LNW	D	0.02%	0.04%	0.02%
LPLA	A	0.1%	0.11%	0.1%
LVS	C	0.09%	0.24%	0.09%
LYFT	C	0.01%	0.06%	0.01%
LYV	A	0.02%	0.41%	0.02%
MA	C	0.66%	0.09%	0.09%
MANH	D	0.06%	0.24%	0.06%
MAR	B	0.05%	0.19%	0.05%
MARA	C	0.01%	0.05%	0.01%
MASI	A	0.02%	0.05%	0.02%
MCD	D	0.16%	0.16%	0.16%
MCO	B	0.1%	0.25%	0.1%
MEDP	D	0.03%	0.04%	0.03%
META	D	2.26%	0.33%	0.33%
MKL	A	0.12%	0.09%	0.09%
MKTX	D	0.05%	0.09%	0.05%
MMC	B	0.09%	0.17%	0.09%
MMSI	B	0.02%	0.18%	0.02%
MO	A	0.09%	0.19%	0.09%
MOD	A	0.03%	0.2%	0.03%
MOG.A	B	0.02%	0.22%	0.02%
MORN	B	0.01%	0.04%	0.01%
MPWR	F	0.04%	0.11%	0.04%
MSCI	C	0.05%	0.08%	0.05%
MSI	B	0.23%	0.37%	0.23%
MSTR	C	0.09%	0.19%	0.09%
MTCH	D	0.01%	0.1%	0.01%
MTD	D	0.03%	0.06%	0.03%
MU	D	0.17%	0.08%	0.08%
NCLH	B	0.08%	0.16%	0.08%
NDAQ	A	0.02%	0.27%	0.02%
NEE	D	0.07%	0.31%	0.07%
NEU	C	0.01%	0.04%	0.01%
NFLX	A	0.48%	0.29%	0.29%
NOW	A	0.3%	0.38%	0.3%
NPAB	B	0.01%	0.09%	0.01%
NRG	B	0.05%	0.43%	0.05%
NTAP	C	0.06%	0.24%	0.06%
NTNX	A	0.02%	0.05%	0.02%
NTRA	B	0.02%	0.25%	0.02%
NTRS	A	0.11%	0.41%	0.11%
NVDA	C	4.82%	0.39%	0.39%
NYT	C	0.03%	0.12%	0.03%
OLLI	D	0.02%	0.12%	0.02%
ONB	B	0.03%	0.14%	0.03%
ORCL	B	0.42%	0.37%	0.37%
ORLY	B	0.07%	0.18%	0.07%
OTIS	C	0.04%	0.16%	0.04%
OWL	A	0.0%	0.05%	0.0%
PANW	C	0.19%	0.19%	0.19%
PAYC	B	0.07%	0.05%	0.05%
PAYX	C	0.17%	0.09%	0.09%
PCG	A	0.13%	0.36%	0.13%
PCTY	B	0.02%	0.1%	0.02%
PEG	A	0.1%	0.34%	0.1%
PEGA	A	0.03%	0.19%	0.03%
PG	A	0.39%	0.08%	0.08%
PGR	A	0.46%	0.43%	0.43%
PH	A	0.09%	0.37%	0.09%
PI	D	0.01%	0.14%	0.01%
PLNT	A	0.01%	0.15%	0.01%
PLTR	B	0.18%	0.69%	0.18%
PM	B	0.18%	0.37%	0.18%
PODD	C	0.03%	0.19%	0.03%
PRI	A	0.07%	0.14%	0.07%
PSN	D	0.01%	0.19%	0.01%
PWR	A	0.09%	0.46%	0.09%
QCOM	F	0.48%	0.08%	0.08%
RARE	D	0.0%	0.1%	0.0%
RBC	A	0.02%	0.04%	0.02%
RBLX	C	0.01%	0.39%	0.01%
RCL	A	0.28%	0.55%	0.28%
RGLD	C	0.03%	0.04%	0.03%
RIVN	F	0.03%	0.15%	0.03%
RL	B	0.05%	0.18%	0.05%
RLI	B	0.03%	0.09%	0.03%
RMD	C	0.07%	0.33%	0.07%
RNA	D	0.0%	0.11%	0.0%
ROIV	C	0.02%	0.04%	0.02%
ROL	B	0.03%	0.17%	0.03%
ROST	C	0.21%	0.16%	0.16%
RRR	D	0.01%	0.02%	0.01%
RSG	A	0.04%	0.18%	0.04%
RVMD	C	0.02%	0.1%	0.02%
RYAN	B	0.01%	0.13%	0.01%
S	B	0.01%	0.14%	0.01%
SATS	D	0.02%	0.11%	0.02%
SCI	B	0.03%	0.14%	0.03%
SFM	A	0.12%	0.27%	0.12%
SHW	A	0.14%	0.33%	0.14%
SO	D	0.13%	0.24%	0.13%
SOFI	A	0.04%	0.3%	0.04%
SPGI	C	0.09%	0.24%	0.09%
SSD	D	0.04%	0.04%	0.04%
SYK	C	0.12%	0.09%	0.09%
TDG	D	0.07%	0.3%	0.07%
TDW	F	0.01%	0.03%	0.01%
TECH	D	0.02%	0.03%	0.02%
THC	D	0.02%	0.39%	0.02%
TJX	A	0.44%	0.25%	0.25%
TKO	B	0.0%	0.17%	0.0%
TMDX	F	0.0%	0.09%	0.0%
TMUS	B	0.31%	0.39%	0.31%
TOST	B	0.02%	0.23%	0.02%
TPG	A	0.0%	0.19%	0.0%
TPL	A	0.13%	0.39%	0.13%
TRGP	B	0.27%	0.57%	0.27%
TRMB	B	0.02%	0.05%	0.02%
TSCO	D	0.17%	0.23%	0.17%
TSLA	B	0.78%	0.22%	0.22%
TT	A	0.14%	0.44%	0.14%
TTD	B	0.05%	0.26%	0.05%
TTEK	F	0.01%	0.18%	0.01%
TW	A	0.02%	0.13%	0.02%
TXRH	C	0.09%	0.18%	0.09%
TYL	B	0.04%	0.25%	0.04%
U	C	0.01%	0.03%	0.01%
UBER	D	0.09%	0.23%	0.09%
URI	B	0.2%	0.43%	0.2%
UTHR	C	0.1%	0.42%	0.1%
VERX	B	0.01%	0.09%	0.01%
VLTO	D	0.06%	0.23%	0.06%
VRNS	D	0.01%	0.11%	0.01%
VRT	B	0.13%	0.52%	0.13%
VRTX	F	0.25%	0.08%	0.08%
VST	B	0.13%	0.52%	0.13%
WAB	B	0.04%	0.45%	0.04%
WAT	B	0.05%	0.08%	0.05%
WDAY	B	0.08%	0.09%	0.08%
WING	D	0.01%	0.1%	0.01%
WM	A	0.13%	0.09%	0.09%
WMB	A	0.29%	0.21%	0.21%
WSM	B	0.11%	0.15%	0.11%
WSO	A	0.05%	0.26%	0.05%
WWD	B	0.03%	0.12%	0.03%
WYNN	D	0.01%	0.12%	0.01%
XYL	D	0.04%	0.22%	0.04%
ZETA	D	0.0%	0.14%	0.0%
ZTS	D	0.2%	0.07%	0.07%

AVLC Overweight 641 Positions Relative to FAD

Symbol	Grade	Weight
MSFT	F	4.39%
GOOG	C	1.3%
XOM	B	1.04%
CVX	A	0.64%
WMT	A	0.64%
V	A	0.59%
HD	A	0.58%
JNJ	D	0.58%
WFC	A	0.55%
UNP	C	0.47%
VZ	C	0.45%
T	A	0.42%
BAC	A	0.42%
MELI	D	0.39%
CMCSA	B	0.38%
COP	C	0.38%
ABBV	D	0.38%
AMAT	F	0.36%
UNH	C	0.36%
MS	A	0.35%
GILD	C	0.35%
LRCX	F	0.34%
ADBE	C	0.33%
MRK	F	0.32%
ACN	C	0.32%
PYPL	B	0.32%
GM	B	0.31%
AMD	F	0.31%
EOG	A	0.3%
DE	A	0.3%
CSCO	B	0.3%
TGT	F	0.29%
PEP	F	0.27%
INTU	C	0.27%
FDX	B	0.26%
TRV	B	0.26%
TXN	C	0.26%
CSX	B	0.26%
PCAR	B	0.25%
C	A	0.23%
LMT	D	0.23%
COF	B	0.23%
USB	A	0.23%
LNG	B	0.23%
DAL	C	0.23%
APD	A	0.22%
NSC	B	0.22%
CB	C	0.22%
PNC	B	0.22%
MPC	D	0.22%
CMI	A	0.21%
SCHW	B	0.21%
ABT	B	0.2%
F	C	0.2%
OKE	A	0.2%
MET	A	0.2%
KR	B	0.2%
AIG	B	0.2%
MMM	D	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%
DIS	B	0.18%
PRU	A	0.18%
BMY	B	0.18%
FCX	D	0.18%
BLK	C	0.18%
BKR	B	0.18%
VLO	C	0.17%
NKE	D	0.17%
LEN	D	0.17%
FANG	D	0.17%
NUE	C	0.16%
DUK	C	0.16%
INTC	D	0.16%
RTX	C	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%
LULU	C	0.15%
REGN	F	0.14%
FITB	A	0.14%
DOW	F	0.14%
AEP	D	0.14%
DVN	F	0.14%
MLM	B	0.14%
EBAY	D	0.14%
ODFL	B	0.14%
CTSH	B	0.13%
IP	B	0.13%
DHR	F	0.13%
HAL	C	0.13%
ELV	F	0.13%
GEV	B	0.13%
SNPS	B	0.12%
BBY	D	0.12%
MTB	A	0.12%
CDNS	B	0.12%
MDT	D	0.12%
CME	A	0.12%
ETR	B	0.12%
PHM	D	0.12%
DHI	D	0.12%
LOW	D	0.12%
STLD	B	0.12%
PKG	A	0.12%
ON	D	0.12%
VRSK	A	0.12%
HBAN	A	0.11%
ULTA	F	0.11%
BX	A	0.11%
MRVL	B	0.11%
OC	A	0.11%
ADM	D	0.11%
MRO	B	0.11%
IDXX	F	0.11%
XEL	A	0.11%
LYB	F	0.11%
EQT	B	0.11%
RJF	A	0.11%
DRI	B	0.1%
CPRT	A	0.1%
TROW	B	0.1%
STT	A	0.1%
FLEX	A	0.1%
RPM	A	0.1%
SW	A	0.1%
CTRA	B	0.1%
JBL	B	0.1%
NVR	D	0.1%
KMI	A	0.1%
EXC	C	0.1%
VTRS	A	0.09%
EXPD	D	0.09%
EQH	B	0.09%
ROP	B	0.09%
MDLZ	F	0.09%
SLB	C	0.09%
GLW	B	0.09%
PFG	D	0.09%
COR	B	0.09%
SBUX	A	0.09%
HSY	F	0.09%
EIX	B	0.09%
CF	B	0.09%
CNC	D	0.08%
OVV	B	0.08%
EG	C	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%
RF	A	0.08%
AEE	A	0.08%
CTVA	C	0.08%
TPR	B	0.08%
FNF	B	0.08%
JEF	A	0.08%
HPE	B	0.08%
FTI	A	0.08%
ED	D	0.08%
DFS	B	0.08%
CFG	B	0.08%
SQ	B	0.07%
DTE	C	0.07%
L	A	0.07%
SWKS	F	0.07%
CINF	A	0.07%
WCC	B	0.07%
MOH	F	0.07%
MCK	B	0.07%
SAIA	B	0.07%
JXN	C	0.07%
DLTR	F	0.07%
WRB	A	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%
POOL	C	0.07%
CI	F	0.07%
PPL	B	0.07%
RS	B	0.07%
MUSA	A	0.07%
BLDR	D	0.07%
RNR	C	0.07%
SRE	A	0.07%
UNM	A	0.06%
ALLY	C	0.06%
PR	B	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%
GL	B	0.06%
BA	F	0.06%
WMS	D	0.06%
CMS	C	0.06%
CARR	D	0.06%
GPC	D	0.06%
GNRC	B	0.06%
AFG	A	0.06%
CLX	B	0.06%
FIS	C	0.06%
PFGC	B	0.06%
EA	A	0.06%
DG	F	0.06%
KEYS	A	0.06%
DD	D	0.06%
LPX	B	0.06%
CBRE	B	0.06%
BALL	D	0.06%
VMI	B	0.05%
ORI	A	0.05%
NOC	D	0.05%
ZM	B	0.05%
CVS	D	0.05%
TAP	C	0.05%
TSN	B	0.05%
WFRD	D	0.05%
MOS	F	0.05%
FOXA	B	0.05%
KDP	D	0.05%
SKX	D	0.05%
JLL	D	0.05%
DXCM	D	0.05%
KHC	F	0.05%
RHI	B	0.05%
PNW	B	0.05%
WBS	A	0.05%
ZBH	C	0.05%
ARW	D	0.05%
HUM	C	0.05%
WTFC	A	0.05%
VMC	B	0.05%
ATO	A	0.05%
MTDR	B	0.05%
MCHP	D	0.05%
D	C	0.05%
GD	F	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%
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%
AIZ	A	0.05%
UFPI	B	0.05%
ZION	B	0.05%
GGG	B	0.05%
FYBR	D	0.05%
WST	C	0.05%
AME	A	0.05%
AXS	A	0.05%
CRBG	B	0.05%
BDX	F	0.05%
TEAM	A	0.05%
R	B	0.05%
EMR	A	0.05%
CHTR	C	0.05%
KEY	B	0.05%
AGCO	D	0.04%
EVR	B	0.04%
TWLO	A	0.04%
LNT	A	0.04%
STE	F	0.04%
KNX	B	0.04%
FMC	D	0.04%
SNX	C	0.04%
NBIX	C	0.04%
ILMN	D	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
JCI	C	0.04%
XPO	B	0.04%
YUM	B	0.04%
IQV	D	0.04%
DINO	D	0.04%
FN	D	0.04%
LH	C	0.04%
ROK	B	0.04%
CMC	B	0.04%
NET	B	0.04%
ALGN	D	0.04%
APTV	D	0.04%
MTG	C	0.04%
OGE	B	0.04%
WCN	A	0.04%
HII	D	0.04%
TREX	C	0.04%
KBH	D	0.04%
CSGP	D	0.04%
WEC	A	0.04%
RRC	B	0.04%
JKHY	D	0.04%
JAZZ	B	0.04%
FHN	A	0.04%
ANSS	B	0.04%
LSTR	D	0.04%
EPAM	C	0.04%
SF	B	0.04%
FDS	B	0.04%
CHX	C	0.04%
OMF	A	0.04%
EMN	D	0.04%
MHK	D	0.04%
DOX	D	0.03%
LDOS	C	0.03%
LAD	A	0.03%
CHRW	C	0.03%
BCC	B	0.03%
G	B	0.03%
MRNA	F	0.03%
TKR	D	0.03%
IEX	B	0.03%
FAF	A	0.03%
ENLC	A	0.03%
UHAL	D	0.03%
NWSA	B	0.03%
X	C	0.03%
BIIB	F	0.03%
OLN	D	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%
NU	C	0.03%
VOYA	B	0.03%
BMRN	D	0.03%
STX	D	0.03%
LHX	C	0.03%
WDC	D	0.03%
MUR	D	0.03%
PVH	C	0.03%
AKAM	D	0.03%
HOLX	D	0.03%
GNTX	C	0.03%
TTWO	A	0.03%
GEHC	F	0.03%
INCY	C	0.03%
ESNT	D	0.03%
MAT	D	0.03%
SEIC	B	0.03%
AA	B	0.03%
GIS	D	0.03%
PTC	A	0.03%
K	A	0.03%
ALK	C	0.03%
SSB	B	0.03%
CAH	B	0.03%
BPOP	B	0.03%
VFC	C	0.03%
TTC	D	0.03%
TDY	B	0.03%
CIEN	B	0.03%
WBD	C	0.03%
CIVI	D	0.03%
APA	D	0.03%
AR	B	0.03%
MNST	C	0.03%
PNFP	B	0.03%
LEA	D	0.03%
CLF	F	0.03%
AVY	D	0.03%
SNV	B	0.03%
PNR	A	0.02%
MSA	D	0.02%
BC	C	0.02%
MAS	D	0.02%
TRU	D	0.02%
PPC	C	0.02%
OMC	C	0.02%
SWK	D	0.02%
QRVO	F	0.02%
OKTA	C	0.02%
HRL	D	0.02%
ARMK	B	0.02%
AZN	D	0.02%
BAX	D	0.02%
MDU	D	0.02%
NVT	B	0.02%
OZK	B	0.02%
WTW	B	0.02%
ROKU	D	0.02%
OLED	D	0.02%
ONTO	D	0.02%
NOV	C	0.02%
HAS	D	0.02%
SIGI	C	0.02%
DAR	C	0.02%
FLR	B	0.02%
GLOB	B	0.02%
JHG	A	0.02%
FE	C	0.02%
Z	A	0.02%
AMCR	D	0.02%
LFUS	F	0.02%
SWX	B	0.02%
ES	D	0.02%
CCK	C	0.02%
FBIN	D	0.02%
VRSN	F	0.02%
LW	C	0.02%
MTH	D	0.02%
SN	D	0.02%
EL	F	0.02%
CNP	B	0.02%
COOP	B	0.02%
CG	A	0.02%
NEM	D	0.02%
ENTG	D	0.02%
OSK	B	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%
JNPR	F	0.02%
QLYS	C	0.02%
IVZ	B	0.02%
SON	D	0.02%
RVTY	F	0.02%
TMHC	B	0.02%
AMKR	D	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
TPX	B	0.02%
ACM	A	0.02%
RPRX	D	0.02%
TFX	F	0.02%
WLK	D	0.02%
NI	A	0.02%
PB	A	0.02%
GFS	C	0.01%
SNAP	C	0.01%
SEE	C	0.01%
RMBS	C	0.01%
ELF	C	0.01%
FLUT	A	0.01%
PAG	B	0.01%
SMMT	D	0.01%
IONS	F	0.01%
ADTN	A	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%
AAL	B	0.01%
CWEN	C	0.01%
EXAS	D	0.01%
RGEN	D	0.01%
LEN	D	0.01%
VAL	D	0.01%
NOVT	D	0.01%
SUM	B	0.01%
ALTR	B	0.01%
CACC	D	0.01%
PEN	B	0.01%
WTRG	B	0.01%
CAG	D	0.01%
CPB	D	0.01%
NDSN	B	0.01%
GXO	B	0.01%
HQY	B	0.01%
NXST	C	0.01%
PATH	C	0.01%
NWS	B	0.01%
HXL	D	0.01%
DDS	B	0.01%
PCOR	B	0.01%
ACHC	F	0.01%
IPG	D	0.01%
DLB	B	0.01%
GTLB	B	0.01%
HSIC	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%
LSCC	D	0.01%
ESTC	C	0.01%
UI	A	0.01%
SSNC	B	0.01%
LKQ	D	0.01%
ATKR	C	0.01%
BSY	D	0.01%
BECN	B	0.01%
VNT	B	0.01%
USFD	A	0.01%
AVTR	F	0.01%
PARA	C	0.01%
BOKF	B	0.01%
OGN	D	0.01%
SJM	D	0.01%
J	F	0.01%
SRPT	D	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%
MIDD	C	0.01%
ENPH	F	0.01%
DGX	A	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%
ZWS	B	0.01%
LNC	B	0.01%
MDGL	B	0.01%
MKC	D	0.01%
WSC	D	0.01%
PFSI	D	0.01%
SITE	D	0.01%
VKTX	F	0.01%
AL	B	0.01%
PBF	D	0.01%
FTV	C	0.01%
THO	B	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%
CELH	F	0.01%
DPZ	C	0.01%
CGNX	C	0.01%
NVST	B	0.0%
CRSP	D	0.0%
WOLF	F	0.0%
WHR	B	0.0%
AGL	F	0.0%
EMBC	C	0.0%
KLG	C	0.0%
SEDG	F	0.0%
COTY	F	0.0%
FG	B	0.0%
CNXC	F	0.0%
IMVT	F	0.0%
DXC	B	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%
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%
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%
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%
XRAY	F	0.0%
REYN	D	0.0%
CNA	B	0.0%
NUVL	D	0.0%
RDDT	B	0.0%
SAIC	F	0.0%
ALGM	D	0.0%
RBRK	A	0.0%
RH	B	0.0%
SLGN	A	0.0%
APG	B	0.0%

AVLC Underweight 306 Positions Relative to FAD

Symbol	Grade	Weight
VTR	C	-0.42%
IRM	D	-0.41%
GEN	B	-0.36%
WELL	A	-0.26%
AX	A	-0.26%
PIPR	B	-0.25%
QTWO	A	-0.25%
CORT	B	-0.24%
RDNT	B	-0.24%
RKLB	B	-0.24%
SFBS	B	-0.24%
PSA	D	-0.23%
KTB	B	-0.23%
KNF	A	-0.22%
ACIW	B	-0.22%
ITRI	B	-0.22%
AMT	D	-0.21%
LTH	C	-0.2%
EAT	A	-0.19%
SPG	B	-0.18%
SLG	B	-0.18%
BOOT	D	-0.17%
ADC	B	-0.17%
PAYO	A	-0.17%
ITGR	B	-0.17%
ROAD	A	-0.16%
IDCC	A	-0.16%
POWL	C	-0.16%
IESC	B	-0.16%
VICI	C	-0.16%
EPRT	B	-0.16%
PRIM	A	-0.16%
BCO	D	-0.16%
TRUP	B	-0.15%
GVA	A	-0.15%
KAI	A	-0.15%
LMND	B	-0.15%
IBOC	A	-0.15%
WWW	B	-0.15%
O	D	-0.15%
TGTX	B	-0.15%
STRL	B	-0.15%
EXR	D	-0.15%
FTDR	A	-0.14%
PRCT	B	-0.14%
STEP	B	-0.14%
WHD	B	-0.14%
CNK	B	-0.14%
ATGE	B	-0.14%
PJT	A	-0.14%
MCY	A	-0.14%
USLM	A	-0.14%
LRN	A	-0.14%
ENVA	B	-0.14%
SMG	D	-0.14%
QCRH	A	-0.14%
WULF	C	-0.14%
TBBK	B	-0.13%
BDC	B	-0.13%
REVG	B	-0.13%
ACLX	C	-0.13%
GSHD	A	-0.13%
AXSM	B	-0.13%
BOX	B	-0.13%
TRN	C	-0.13%
VCYT	B	-0.13%
CNS	B	-0.13%
HASI	D	-0.13%
RYTM	C	-0.13%
CHEF	A	-0.12%
HWKN	B	-0.12%
ADMA	B	-0.12%
NHC	C	-0.12%
DSGR	D	-0.12%
SKWD	A	-0.12%
SLVM	B	-0.12%
AMRX	C	-0.12%
CALM	A	-0.12%
OHI	C	-0.12%
SBRA	C	-0.12%
HNI	B	-0.12%
PBI	B	-0.12%
SKYW	B	-0.12%
LMAT	A	-0.11%
KYMR	D	-0.11%
PTGX	C	-0.11%
MWA	B	-0.11%
OSW	A	-0.11%
PRK	B	-0.11%
NBHC	B	-0.11%
PLMR	B	-0.11%
PRM	C	-0.11%
ALKT	B	-0.11%
VCTR	B	-0.11%
INTA	A	-0.11%
ALHC	C	-0.11%
SYBT	B	-0.11%
DORM	B	-0.11%
CDE	D	-0.11%
AGIO	C	-0.11%
PTON	B	-0.11%
SGBX	F	-0.11%
OUT	A	-0.1%
LFST	C	-0.1%
AORT	B	-0.1%
SMTC	B	-0.1%
CENX	B	-0.1%
SABR	C	-0.1%
CPRX	C	-0.1%
CCOI	B	-0.1%
PTCT	B	-0.1%
JANX	C	-0.1%
MIRM	B	-0.1%
CRAI	B	-0.1%
MNKD	C	-0.1%
TGLS	B	-0.1%
REG	B	-0.09%
ORA	B	-0.09%
IRT	A	-0.09%
RHP	B	-0.09%
BRX	A	-0.09%
MSGS	A	-0.09%
NMIH	D	-0.09%
WTTR	B	-0.09%
BCRX	D	-0.09%
LITE	B	-0.09%
OSCR	D	-0.09%
RUN	F	-0.09%
DLR	B	-0.09%
YOU	D	-0.09%
WTM	A	-0.09%
PRGS	A	-0.09%
FBP	B	-0.09%
CUBE	D	-0.08%
BLBD	D	-0.08%
SBAC	D	-0.08%
UE	C	-0.08%
AGNC	D	-0.08%
HURN	B	-0.08%
CHCO	B	-0.08%
OII	B	-0.08%
RNG	B	-0.08%
GLPI	C	-0.08%
HRMY	D	-0.08%
LAMR	D	-0.08%
ESE	B	-0.08%
SHAK	C	-0.08%
MGNI	A	-0.08%
VITL	D	-0.08%
GERN	D	-0.08%
CPT	B	-0.08%
BLKB	B	-0.08%
CIFR	B	-0.08%
CTRE	D	-0.08%
BANF	B	-0.08%
CAKE	C	-0.08%
BGC	C	-0.08%
WT	B	-0.08%
APOG	B	-0.08%
SITM	B	-0.08%
GABC	B	-0.08%
CARG	C	-0.08%
AVB	B	-0.08%
SEMR	B	-0.08%
ASTH	D	-0.08%
ESS	B	-0.08%
EQIX	A	-0.08%
MBIN	D	-0.08%
KRG	B	-0.08%
UFPT	B	-0.08%
PMT	D	-0.07%
CWT	D	-0.07%
WRBY	B	-0.07%
VRRM	D	-0.07%
ESRT	C	-0.07%
NRIX	D	-0.07%
KN	B	-0.07%
OSIS	B	-0.07%
AAT	B	-0.07%
CCI	D	-0.07%
COLL	F	-0.07%
AZZ	B	-0.07%
KTOS	B	-0.07%
GFF	A	-0.07%
IIPR	D	-0.06%
MGEE	C	-0.06%
DRVN	B	-0.06%
TNL	A	-0.06%
AROC	B	-0.06%
HEES	B	-0.06%
ICFI	F	-0.06%
BLFS	C	-0.06%
HLIT	D	-0.06%
CEIX	A	-0.06%
CLSK	C	-0.06%
FLNC	C	-0.06%
ADUS	D	-0.06%
ASPN	F	-0.06%
KNTK	B	-0.06%
IOVA	F	-0.06%
NSA	D	-0.06%
DOCN	D	-0.06%
AMPH	D	-0.06%
BRC	D	-0.06%
TWST	D	-0.06%
NHI	D	-0.06%
CMPR	D	-0.05%
GTX	D	-0.05%
AESI	B	-0.05%
SXT	B	-0.05%
JJSF	B	-0.05%
IAS	C	-0.05%
UMH	C	-0.05%
KW	B	-0.05%
AIV	C	-0.05%
SCS	C	-0.05%
FCPT	C	-0.05%
CDP	C	-0.05%
LOPE	B	-0.05%
SWI	B	-0.05%
GATX	A	-0.05%
TNDM	F	-0.05%
OCUL	D	-0.05%
GTY	B	-0.05%
ARQT	C	-0.05%
NEO	C	-0.05%
NXRT	B	-0.05%
CPK	A	-0.05%
MAC	B	-0.05%
WDFC	B	-0.05%
ACVA	B	-0.05%
SKT	B	-0.05%
BANC	A	-0.05%
GH	B	-0.05%
AGM	C	-0.05%
LGND	B	-0.05%
SXI	B	-0.05%
AGYS	A	-0.05%
BKD	D	-0.05%
LKFN	B	-0.05%
EPAC	B	-0.05%
NNN	D	-0.04%
EGP	F	-0.04%
FR	C	-0.04%
CDRE	D	-0.04%
HUMA	F	-0.04%
MYGN	F	-0.04%
PHR	F	-0.04%
DNLI	D	-0.04%
IPAR	B	-0.04%
UDR	B	-0.04%
EVH	F	-0.04%
ALX	D	-0.04%
RXST	F	-0.04%
EPR	D	-0.04%
ELME	D	-0.04%
MAIN	A	-0.04%
CRNX	C	-0.04%
NVAX	F	-0.04%
HLX	B	-0.04%
ANIP	F	-0.04%
GOLF	B	-0.04%
MLNK	B	-0.03%
PLAY	D	-0.03%
APPN	B	-0.03%
APAM	B	-0.03%
SMPL	B	-0.03%
ACAD	D	-0.03%
CTS	C	-0.03%
CARS	B	-0.03%
WABC	B	-0.03%
CBZ	B	-0.03%
SOUN	C	-0.03%
PAR	B	-0.03%
MIR	A	-0.03%
TGI	B	-0.03%
ARDX	F	-0.03%
CLDX	F	-0.02%
RLAY	F	-0.02%
XPRO	F	-0.02%
LPG	F	-0.02%
VECO	F	-0.02%
AZTA	D	-0.02%
JAMF	F	-0.02%
JOE	F	-0.02%
GNL	F	-0.02%
NSSC	D	-0.02%
PZZA	D	-0.02%
TNC	D	-0.02%
FOLD	F	-0.02%
ENVX	F	-0.02%
ARLO	C	-0.02%
IRDM	D	-0.02%
BXMT	C	-0.02%
AMC	C	-0.02%
BEAM	D	-0.02%
FBRT	C	-0.02%
AWR	B	-0.02%
YELP	C	-0.02%
WEN	D	-0.02%
THR	B	-0.02%
STRA	C	-0.02%
LTC	B	-0.02%
TR	B	-0.02%
BL	B	-0.02%
CLB	B	-0.02%