AVLC vs. FLSP ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Franklin Liberty Systematic Style Premia ETF (FLSP)

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

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	FLSP
30 Days	4.71%	0.69%
60 Days	6.29%	0.06%
90 Days	7.72%	0.73%
12 Months	33.08%	6.54%

169 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in FLSP	Overlap
A	D	0.06%	0.23%	0.06%
ABBV	D	0.38%	0.59%	0.38%
ADBE	C	0.33%	0.91%	0.33%
ADM	D	0.11%	0.16%	0.11%
ADSK	A	0.09%	0.36%	0.09%
AFL	B	0.19%	0.33%	0.19%
AIG	B	0.2%	0.21%	0.2%
AIZ	A	0.05%	0.06%	0.05%
AMAT	F	0.36%	0.66%	0.36%
AMP	A	0.26%	0.22%	0.22%
ANSS	B	0.04%	0.14%	0.04%
APH	A	0.12%	0.18%	0.12%
APP	B	0.16%	0.31%	0.16%
AVTR	F	0.01%	0.08%	0.01%
AWK	D	0.03%	0.13%	0.03%
BBY	D	0.12%	0.11%	0.11%
BG	F	0.08%	0.07%	0.07%
BK	A	0.18%	0.31%	0.18%
BKNG	A	0.13%	0.87%	0.13%
BLDR	D	0.07%	0.1%	0.07%
BMY	B	0.18%	0.59%	0.18%
BR	A	0.04%	0.12%	0.04%
CAH	B	0.03%	0.12%	0.03%
CBOE	B	0.03%	0.12%	0.03%
CDNS	B	0.12%	0.32%	0.12%
CF	B	0.09%	0.1%	0.09%
CHRW	C	0.03%	0.08%	0.03%
CI	F	0.07%	0.22%	0.07%
CL	D	0.18%	0.36%	0.18%
CMCSA	B	0.38%	0.42%	0.38%
CMI	A	0.21%	0.25%	0.21%
CNC	D	0.08%	0.13%	0.08%
COR	B	0.09%	0.04%	0.04%
CPAY	A	0.04%	0.12%	0.04%
CPRT	A	0.1%	0.22%	0.1%
CRBG	B	0.05%	0.05%	0.05%
CRM	B	0.44%	0.7%	0.44%
CSL	C	0.13%	0.11%	0.11%
CSX	B	0.26%	0.31%	0.26%
CTAS	B	0.12%	0.35%	0.12%
CTSH	B	0.13%	0.21%	0.13%
DECK	A	0.16%	0.16%	0.16%
DKS	C	0.08%	0.07%	0.07%
DOCU	A	0.05%	0.1%	0.05%
DPZ	C	0.01%	0.08%	0.01%
DT	C	0.02%	0.08%	0.02%
DVN	F	0.14%	0.13%	0.13%
EA	A	0.06%	0.23%	0.06%
EBAY	D	0.14%	0.18%	0.14%
EL	F	0.02%	0.1%	0.02%
EOG	A	0.3%	0.44%	0.3%
EQH	B	0.09%	0.09%	0.09%
EXPD	D	0.09%	0.09%	0.09%
EXPE	B	0.04%	0.14%	0.04%
FDX	B	0.26%	0.27%	0.26%
FE	C	0.02%	0.1%	0.02%
FFIV	B	0.03%	0.08%	0.03%
FICO	B	0.08%	0.34%	0.08%
FIS	C	0.06%	0.26%	0.06%
FOXA	B	0.05%	0.07%	0.05%
FTNT	C	0.23%	0.32%	0.23%
GDDY	A	0.08%	0.15%	0.08%
GILD	C	0.35%	0.61%	0.35%
GM	B	0.31%	0.36%	0.31%
GOOG	C	1.3%	0.11%	0.11%
HCA	F	0.05%	0.36%	0.05%
HD	A	0.58%	0.28%	0.28%
HIG	B	0.19%	0.19%	0.19%
HII	D	0.04%	0.04%	0.04%
HOLX	D	0.03%	0.11%	0.03%
HPQ	B	0.05%	0.2%	0.05%
IDXX	F	0.11%	0.14%	0.11%
INCY	C	0.03%	0.07%	0.03%
INTU	C	0.27%	0.68%	0.27%
IQV	D	0.04%	0.17%	0.04%
IR	B	0.05%	0.16%	0.05%
JBL	B	0.1%	0.1%	0.1%
K	A	0.03%	0.12%	0.03%
KMB	D	0.14%	0.23%	0.14%
KR	B	0.2%	0.24%	0.2%
L	A	0.07%	0.09%	0.07%
LDOS	C	0.03%	0.13%	0.03%
LII	A	0.09%	0.11%	0.09%
LIN	D	0.21%	0.13%	0.13%
LNG	B	0.23%	0.29%	0.23%
LULU	C	0.15%	0.16%	0.15%
LVS	C	0.09%	0.11%	0.09%
LYB	F	0.11%	0.11%	0.11%
LYV	A	0.02%	0.12%	0.02%
MA	C	0.66%	0.77%	0.66%
MANH	D	0.06%	0.09%	0.06%
MAS	D	0.02%	0.1%	0.02%
MDT	D	0.12%	0.6%	0.12%
MELI	D	0.39%	0.16%	0.16%
MET	A	0.2%	0.21%	0.2%
META	D	2.26%	0.45%	0.45%
MGM	D	0.01%	0.05%	0.01%
MKTX	D	0.05%	0.06%	0.05%
MMM	D	0.19%	0.41%	0.19%
MOH	F	0.07%	0.1%	0.07%
MOS	F	0.05%	0.05%	0.05%
MPC	D	0.22%	0.27%	0.22%
MRO	B	0.11%	0.1%	0.1%
MS	A	0.35%	0.15%	0.15%
MSFT	F	4.39%	0.57%	0.57%
MSI	B	0.23%	0.48%	0.23%
MTCH	D	0.01%	0.06%	0.01%
MTD	D	0.03%	0.15%	0.03%
NBIX	C	0.04%	0.08%	0.04%
NFLX	A	0.48%	0.45%	0.45%
NOW	A	0.3%	0.75%	0.3%
NRG	B	0.05%	0.12%	0.05%
NTAP	C	0.06%	0.16%	0.06%
NTRS	A	0.11%	0.12%	0.11%
NUE	C	0.16%	0.14%	0.14%
NVDA	C	4.82%	0.62%	0.62%
OC	A	0.11%	0.09%	0.09%
ON	D	0.12%	0.04%	0.04%
OVV	B	0.08%	0.08%	0.08%
PAYC	B	0.07%	0.07%	0.07%
PCAR	B	0.25%	0.14%	0.14%
PG	A	0.39%	0.13%	0.13%
PH	A	0.09%	0.23%	0.09%
PHM	D	0.12%	0.11%	0.11%
PKG	A	0.12%	0.11%	0.11%
PSX	C	0.19%	0.23%	0.19%
PTC	A	0.03%	0.1%	0.03%
PYPL	B	0.32%	0.45%	0.32%
QCOM	F	0.48%	0.83%	0.48%
RCL	A	0.28%	0.21%	0.21%
REGN	F	0.14%	0.33%	0.14%
ROL	B	0.03%	0.09%	0.03%
RPM	A	0.1%	0.05%	0.05%
RPRX	D	0.02%	0.06%	0.02%
RS	B	0.07%	0.1%	0.07%
RTX	C	0.16%	0.34%	0.16%
SEIC	B	0.03%	0.06%	0.03%
SNA	A	0.08%	0.1%	0.08%
SNPS	B	0.12%	0.2%	0.12%
SSNC	B	0.01%	0.09%	0.01%
STLD	B	0.12%	0.11%	0.11%
STT	A	0.1%	0.17%	0.1%
STX	D	0.03%	0.11%	0.03%
SWKS	F	0.07%	0.08%	0.07%
SYY	B	0.07%	0.15%	0.07%
T	A	0.42%	0.63%	0.42%
TAP	C	0.05%	0.07%	0.05%
TER	D	0.05%	0.06%	0.05%
TGT	F	0.29%	0.19%	0.19%
TJX	A	0.44%	0.75%	0.44%
TMO	F	0.15%	0.34%	0.15%
TROW	B	0.1%	0.16%	0.1%
TWLO	A	0.04%	0.09%	0.04%
TXT	D	0.05%	0.09%	0.05%
TYL	B	0.04%	0.13%	0.04%
UBER	D	0.09%	0.49%	0.09%
UHS	D	0.06%	0.07%	0.06%
UTHR	C	0.1%	0.1%	0.1%
VEEV	C	0.05%	0.12%	0.05%
VLO	C	0.17%	0.25%	0.17%
VRSN	F	0.02%	0.1%	0.02%
VRTX	F	0.25%	0.49%	0.25%
VST	B	0.13%	0.29%	0.13%
VTRS	A	0.09%	0.09%	0.09%
WAT	B	0.05%	0.14%	0.05%
WMT	A	0.64%	0.75%	0.64%
WSM	B	0.11%	0.11%	0.11%
WYNN	D	0.01%	0.05%	0.01%
ZM	B	0.05%	0.1%	0.05%

AVLC Overweight 807 Positions Relative to FLSP

Symbol	Grade	Weight
AAPL	C	5.24%
AMZN	C	3.03%
GOOGL	C	1.57%
JPM	A	1.19%
AVGO	D	1.11%
XOM	B	1.04%
COST	B	0.94%
LLY	F	0.79%
TSLA	B	0.78%
BRK.A	B	0.67%
CVX	A	0.64%
V	A	0.59%
JNJ	D	0.58%
WFC	A	0.55%
CAT	B	0.52%
UNP	C	0.47%
PGR	A	0.46%
VZ	C	0.45%
GS	A	0.44%
BAC	A	0.42%
ORCL	B	0.42%
KO	D	0.4%
AXP	A	0.4%
COP	C	0.38%
UNH	C	0.36%
ADP	B	0.36%
LRCX	F	0.34%
MRK	F	0.32%
ACN	C	0.32%
TMUS	B	0.31%
AMD	F	0.31%
DE	A	0.3%
CSCO	B	0.3%
WMB	A	0.29%
TRGP	B	0.27%
PEP	F	0.27%
IBM	C	0.27%
TRV	B	0.26%
TXN	C	0.26%
C	A	0.23%
LMT	D	0.23%
COF	B	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%
CB	C	0.22%
PNC	B	0.22%
KLAC	D	0.21%
SCHW	B	0.21%
ROST	C	0.21%
ALL	A	0.2%
GE	D	0.2%
ABT	B	0.2%
ZTS	D	0.2%
F	C	0.2%
URI	B	0.2%
OKE	A	0.2%
FAST	B	0.2%
PANW	C	0.19%
TFC	A	0.19%
UPS	C	0.19%
HES	B	0.19%
AMGN	D	0.19%
UAL	A	0.19%
PLTR	B	0.18%
ISRG	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%
TSCO	D	0.17%
NKE	D	0.17%
LEN	D	0.17%
MU	D	0.17%
FANG	D	0.17%
MCD	D	0.16%
DUK	C	0.16%
INTC	D	0.16%
APO	B	0.16%
ACGL	D	0.15%
ADI	D	0.15%
OXY	D	0.15%
PFE	D	0.15%
HON	B	0.15%
SYF	B	0.15%
KKR	A	0.15%
ANET	C	0.15%
FITB	A	0.14%
DOW	F	0.14%
AEP	D	0.14%
SHW	A	0.14%
TT	A	0.14%
MLM	B	0.14%
ETN	A	0.14%
EME	C	0.14%
ODFL	B	0.14%
WM	A	0.13%
SO	D	0.13%
IP	B	0.13%
VRT	B	0.13%
CCL	B	0.13%
DHR	F	0.13%
HAL	C	0.13%
ELV	F	0.13%
TPL	A	0.13%
PCG	A	0.13%
GEV	B	0.13%
SYK	C	0.12%
MTB	A	0.12%
CME	A	0.12%
ETR	B	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
DHI	D	0.12%
MKL	A	0.12%
CPNG	D	0.12%
LOW	D	0.12%
ITW	B	0.12%
BSX	B	0.12%
VRSK	A	0.12%
HBAN	A	0.11%
ULTA	F	0.11%
BX	A	0.11%
MRVL	B	0.11%
XEL	A	0.11%
CRWD	B	0.11%
EQT	B	0.11%
RJF	A	0.11%
BURL	A	0.11%
CEG	D	0.11%
GRMN	B	0.1%
DRI	B	0.1%
AON	A	0.1%
PEG	A	0.1%
FLEX	A	0.1%
SW	A	0.1%
LPLA	A	0.1%
CTRA	B	0.1%
FIX	A	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%
CVNA	B	0.09%
SPGI	C	0.09%
ROP	B	0.09%
MDLZ	F	0.09%
MMC	B	0.09%
SLB	C	0.09%
GLW	B	0.09%
PFG	D	0.09%
SBUX	A	0.09%
IT	C	0.09%
HSY	F	0.09%
EIX	B	0.09%
PWR	A	0.09%
TXRH	C	0.09%
EG	C	0.08%
EW	C	0.08%
NXPI	D	0.08%
JBHT	C	0.08%
RGA	A	0.08%
LUV	C	0.08%
BJ	A	0.08%
RF	A	0.08%
AEE	A	0.08%
CTVA	C	0.08%
WDAY	B	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%
ED	D	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%
CINF	A	0.07%
WCC	B	0.07%
MCK	B	0.07%
ORLY	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%
TOL	B	0.07%
INGR	B	0.07%
RMD	C	0.07%
POOL	C	0.07%
PPL	B	0.07%
MUSA	A	0.07%
NEE	D	0.07%
FI	A	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%
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%
CMS	C	0.06%
CARR	D	0.06%
GPC	D	0.06%
GNRC	B	0.06%
AFG	A	0.06%
GPK	C	0.06%
CLX	B	0.06%
BWXT	B	0.06%
DCI	B	0.06%
PFGC	B	0.06%
DG	F	0.06%
ANF	C	0.06%
DASH	A	0.06%
KEYS	A	0.06%
DD	D	0.06%
LPX	B	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%
AZO	C	0.05%
CROX	D	0.05%
NOC	D	0.05%
MSCI	C	0.05%
CVS	D	0.05%
TSN	B	0.05%
WFRD	D	0.05%
KDP	D	0.05%
SKX	D	0.05%
JLL	D	0.05%
DXCM	D	0.05%
AJG	B	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%
CBT	C	0.05%
HUM	C	0.05%
WTFC	A	0.05%
VMC	B	0.05%
ATO	A	0.05%
CHD	B	0.05%
MTDR	B	0.05%
AAON	B	0.05%
MCHP	D	0.05%
D	C	0.05%
GD	F	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%
CHRD	D	0.05%
STZ	D	0.05%
UFPI	B	0.05%
ZION	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%
WSO	A	0.05%
FND	C	0.05%
BDX	F	0.05%
TEAM	A	0.05%
R	B	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%
RSG	A	0.04%
EVR	B	0.04%
DTM	B	0.04%
AWI	A	0.04%
SSD	D	0.04%
LNT	A	0.04%
STE	F	0.04%
KNX	B	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%
YUM	B	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%
CRUS	D	0.04%
ALGN	D	0.04%
APTV	D	0.04%
MTG	C	0.04%
OGE	B	0.04%
WCN	A	0.04%
OTIS	C	0.04%
TREX	C	0.04%
ITT	A	0.04%
KBH	D	0.04%
KD	B	0.04%
CSGP	D	0.04%
WEC	A	0.04%
AXTA	A	0.04%
SOFI	A	0.04%
RRC	B	0.04%
CLH	B	0.04%
JKHY	D	0.04%
JAZZ	B	0.04%
CRS	A	0.04%
FHN	A	0.04%
WAB	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%
MPWR	F	0.04%
EMN	D	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%
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%
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%
BMRN	D	0.03%
LHX	C	0.03%
WDC	D	0.03%
MUR	D	0.03%
AM	A	0.03%
PVH	C	0.03%
AKAM	D	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%
AA	B	0.03%
GIS	D	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%
TDY	B	0.03%
CIEN	B	0.03%
BAH	F	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%
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%
BRO	B	0.02%
BC	C	0.02%
INSM	C	0.02%
FRPT	B	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%
HRL	D	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%
WTW	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%
OLLI	D	0.02%
Z	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%
CNP	B	0.02%
COOP	B	0.02%
CG	A	0.02%
NEM	D	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%
JNPR	F	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%
ERIE	D	0.02%
ACM	A	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%
CACC	D	0.01%
PEN	B	0.01%
WTRG	B	0.01%
CAG	D	0.01%
CPB	D	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%
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%
CWAN	B	0.01%
RRR	D	0.01%
LSCC	D	0.01%
ESTC	C	0.01%
UI	A	0.01%
CWST	A	0.01%
DBX	B	0.01%
VRNS	D	0.01%
LKQ	D	0.01%
DUOL	A	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%
PARA	C	0.01%
MARA	C	0.01%
BOKF	B	0.01%
OGN	D	0.01%
SJM	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%
BEN	C	0.01%
AZEK	A	0.01%
MIDD	C	0.01%
BCPC	B	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%
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 14 Positions Relative to FLSP

Symbol	Grade	Weight
NVS	D	-0.48%
SPG	B	-0.35%
BCS	C	-0.23%
VICI	C	-0.19%
SE	B	-0.18%
AVB	B	-0.13%
VTR	C	-0.12%
GEN	B	-0.1%
UDR	B	-0.09%
REG	B	-0.08%
GLPI	C	-0.07%
ACI	C	-0.06%
CHKP	D	-0.06%
AER	B	-0.05%