AVLC vs. LCTU ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to BlackRock U.S. Carbon Transition Readiness ETF (LCTU)

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

$70.16

Average Daily Volume

19,482

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

LCTU

BlackRock U.S. Carbon Transition Readiness ETF

LCTU Description

The investment seeks long-term capital appreciation by investing in large- and mid-capitalization U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy. The fund seeks to outperform the price and yield performance of the Russell 1000 ®Index by optimizing for LCETR scores criteria based on proprietary BFA research. It seeks to invest at least 80% of its net assets in equity securities of issuers listed in the United States of America. The index is a subset of the Russell 3000 Index, which measures the performance of the broad U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.23

Average Daily Volume

34,560

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	LCTU
30 Days	4.71%	3.49%
60 Days	6.29%	4.30%
90 Days	7.72%	6.08%
12 Months	33.08%	31.67%

264 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in LCTU	Overlap
	A	D	0.06%	0.2%	0.06%
	AAL	B	0.01%	0.12%	0.01%
	AAPL	C	5.24%	6.76%	5.24%
	ABBV	D	0.38%	0.66%	0.38%
	ABNB	C	0.07%	0.06%	0.06%
	ABT	B	0.2%	1.36%	0.2%
	ACGL	D	0.15%	0.39%	0.15%
	ACM	A	0.02%	0.1%	0.02%
	ACN	C	0.32%	0.98%	0.32%
	ADBE	C	0.33%	0.55%	0.33%
	ADI	D	0.15%	0.56%	0.15%
	ADP	B	0.36%	0.16%	0.16%
	ADSK	A	0.09%	0.73%	0.09%
	AFG	A	0.06%	0.04%	0.04%
	AFL	B	0.19%	0.15%	0.15%
	AJG	B	0.05%	0.02%	0.02%
	ALL	A	0.2%	0.25%	0.2%
	ALNY	D	0.04%	0.06%	0.04%
	AM	A	0.03%	0.0%	0.0%
	AMAT	F	0.36%	0.1%	0.1%
	AMD	F	0.31%	0.5%	0.31%
	AMGN	D	0.19%	0.43%	0.19%
	AMZN	C	3.03%	3.23%	3.03%
	AON	A	0.1%	0.27%	0.1%
	APD	A	0.22%	0.15%	0.15%
	AR	B	0.03%	0.1%	0.03%
	AVGO	D	1.11%	1.24%	1.11%
	AVY	D	0.03%	0.05%	0.03%
	AXP	A	0.4%	0.02%	0.02%
	AXS	A	0.05%	0.1%	0.05%
	BAH	F	0.03%	0.02%	0.02%
	BBY	D	0.12%	0.26%	0.12%
	BG	F	0.08%	0.04%	0.04%
	BIIB	F	0.03%	0.2%	0.03%
	BKNG	A	0.13%	0.69%	0.13%
	BKR	B	0.18%	0.54%	0.18%
	BMY	B	0.18%	0.11%	0.11%
	BRK.A	B	0.67%	1.12%	0.67%
	BSX	B	0.12%	0.16%	0.12%
	BWA	D	0.05%	0.01%	0.01%
	C	A	0.23%	0.37%	0.23%
	CAT	B	0.52%	0.53%	0.52%
	CCK	C	0.02%	0.1%	0.02%
	CDNS	B	0.12%	0.09%	0.09%
	CEG	D	0.11%	0.14%	0.11%
	CFG	B	0.08%	0.12%	0.08%
	CHD	B	0.05%	0.48%	0.05%
	CHRW	C	0.03%	0.16%	0.03%
	CI	F	0.07%	0.37%	0.07%
	CINF	A	0.07%	0.13%	0.07%
	CL	D	0.18%	0.41%	0.18%
	CLH	B	0.04%	0.01%	0.01%
	CMCSA	B	0.38%	0.05%	0.05%
	CMI	A	0.21%	0.84%	0.21%
	CNC	D	0.08%	0.23%	0.08%
	COF	B	0.23%	0.68%	0.23%
	COIN	C	0.08%	0.04%	0.04%
	COP	C	0.38%	0.73%	0.38%
	COST	B	0.94%	1.42%	0.94%
	CPNG	D	0.12%	0.03%	0.03%
	CRM	B	0.44%	0.7%	0.44%
	CRWD	B	0.11%	0.13%	0.11%
	CSCO	B	0.3%	0.87%	0.3%
	CTLT	B	0.03%	0.03%	0.03%
	CTSH	B	0.13%	0.11%	0.11%
	CVNA	B	0.09%	0.01%	0.01%
	CVS	D	0.05%	0.24%	0.05%
	CVX	A	0.64%	0.23%	0.23%
	CZR	F	0.0%	0.04%	0.0%
	DASH	A	0.06%	0.04%	0.04%
	DECK	A	0.16%	0.18%	0.16%
	DELL	C	0.05%	0.05%	0.05%
	DIS	B	0.18%	0.26%	0.18%
	DOCU	A	0.05%	0.05%	0.05%
	DOX	D	0.03%	0.01%	0.01%
	DVA	B	0.01%	0.12%	0.01%
	DXC	B	0.0%	0.0%	0.0%
	DXCM	D	0.05%	0.03%	0.03%
	EBAY	D	0.14%	0.32%	0.14%
	ECL	D	0.06%	1.04%	0.06%
	ED	D	0.08%	0.04%	0.04%
	EL	F	0.02%	0.08%	0.02%
	ELV	F	0.13%	0.27%	0.13%
	ENPH	F	0.01%	0.01%	0.01%
	ES	D	0.02%	0.33%	0.02%
	ESI	A	0.0%	0.15%	0.0%
	ETN	A	0.14%	0.7%	0.14%
	ETSY	D	0.0%	0.22%	0.0%
	EW	C	0.08%	0.06%	0.06%
	EWBC	A	0.08%	0.01%	0.01%
	EXPD	D	0.09%	0.29%	0.09%
	EXPE	B	0.04%	0.13%	0.04%
	FBIN	D	0.02%	0.0%	0.0%
	FCX	D	0.18%	0.07%	0.07%
	FMC	D	0.04%	0.13%	0.04%
	FNB	A	0.0%	0.19%	0.0%
	FSLR	F	0.1%	0.03%	0.03%
	FTI	A	0.08%	0.06%	0.06%
	FTNT	C	0.23%	0.18%	0.18%
	FYBR	D	0.05%	0.0%	0.0%
	GAP	C	0.04%	0.02%	0.02%
	GE	D	0.2%	0.57%	0.2%
	GEV	B	0.13%	0.23%	0.13%
	GFS	C	0.01%	0.01%	0.01%
	GILD	C	0.35%	0.1%	0.1%
	GL	B	0.06%	0.02%	0.02%
	GLOB	B	0.02%	0.12%	0.02%
	GM	B	0.31%	0.08%	0.08%
	GOOG	C	1.3%	1.69%	1.3%
	GOOGL	C	1.57%	2.07%	1.57%
	GRMN	B	0.1%	0.01%	0.01%
	GS	A	0.44%	1.24%	0.44%
	GWRE	A	0.03%	0.04%	0.03%
	GXO	B	0.01%	0.03%	0.01%
	HAS	D	0.02%	0.04%	0.02%
	HD	A	0.58%	0.92%	0.58%
	HLT	A	0.05%	0.02%	0.02%
	HOLX	D	0.03%	0.36%	0.03%
	HON	B	0.15%	0.03%	0.03%
	HOOD	B	0.05%	0.03%	0.03%
	HPE	B	0.08%	0.07%	0.07%
	HPQ	B	0.05%	0.08%	0.05%
	HUBB	B	0.04%	0.41%	0.04%
	HUBS	A	0.05%	0.11%	0.05%
	HUM	C	0.05%	0.13%	0.05%
	HWM	A	0.05%	0.03%	0.03%
	HXL	D	0.01%	0.1%	0.01%
	IBM	C	0.27%	0.28%	0.27%
	IEX	B	0.03%	0.0%	0.0%
	ILMN	D	0.04%	0.33%	0.04%
	INGR	B	0.07%	0.0%	0.0%
	INTC	D	0.16%	0.2%	0.16%
	INTU	C	0.27%	0.5%	0.27%
	IPG	D	0.01%	0.21%	0.01%
	IR	B	0.05%	0.22%	0.05%
	ISRG	A	0.18%	0.22%	0.18%
	ITT	A	0.04%	0.01%	0.01%
	ITW	B	0.12%	0.13%	0.12%
	J	F	0.01%	0.54%	0.01%
	JBHT	C	0.08%	0.25%	0.08%
	JNJ	D	0.58%	1.18%	0.58%
	JPM	A	1.19%	1.45%	1.19%
	KDP	D	0.05%	0.16%	0.05%
	KEX	C	0.04%	0.04%	0.04%
	KEY	B	0.05%	0.72%	0.05%
	KKR	A	0.15%	0.59%	0.15%
	KMI	A	0.1%	0.29%	0.1%
	KO	D	0.4%	1.0%	0.4%
	LCID	F	0.01%	0.01%	0.01%
	LLY	F	0.79%	1.3%	0.79%
	LPLA	A	0.1%	0.2%	0.1%
	LRCX	F	0.34%	0.37%	0.34%
	LVS	C	0.09%	0.11%	0.09%
	MA	C	0.66%	1.78%	0.66%
	MCD	D	0.16%	0.25%	0.16%
	MDLZ	F	0.09%	0.34%	0.09%
	MDT	D	0.12%	0.25%	0.12%
	META	D	2.26%	2.24%	2.24%
	MGM	D	0.01%	0.14%	0.01%
	MKC	D	0.01%	0.36%	0.01%
	MKTX	D	0.05%	0.0%	0.0%
	MMC	B	0.09%	0.5%	0.09%
	MOH	F	0.07%	0.01%	0.01%
	MPC	D	0.22%	0.34%	0.22%
	MRK	F	0.32%	0.48%	0.32%
	MRNA	F	0.03%	0.02%	0.02%
	MRVL	B	0.11%	0.08%	0.08%
	MSCI	C	0.05%	0.11%	0.05%
	MSFT	F	4.39%	4.7%	4.39%
	MSTR	C	0.09%	0.02%	0.02%
	MTB	A	0.12%	0.41%	0.12%
	MTD	D	0.03%	0.02%	0.02%
	MTZ	B	0.03%	0.06%	0.03%
	MU	D	0.17%	0.05%	0.05%
	NDAQ	A	0.02%	0.4%	0.02%
	NEE	D	0.07%	0.13%	0.07%
	NFLX	A	0.48%	0.89%	0.48%
	NKE	D	0.17%	0.22%	0.17%
	NOV	C	0.02%	0.01%	0.01%
	NOW	A	0.3%	0.44%	0.3%
	NRG	B	0.05%	0.19%	0.05%
	NU	C	0.03%	0.17%	0.03%
	NVDA	C	4.82%	6.37%	4.82%
	OKE	A	0.2%	0.18%	0.18%
	OKTA	C	0.02%	0.18%	0.02%
	OLED	D	0.02%	0.15%	0.02%
	OMC	C	0.02%	0.06%	0.02%
	ORCL	B	0.42%	0.4%	0.4%
	PANW	C	0.19%	0.39%	0.19%
	PARA	C	0.01%	0.0%	0.0%
	PCAR	B	0.25%	0.62%	0.25%
	PEG	A	0.1%	0.67%	0.1%
	PEP	F	0.27%	0.38%	0.27%
	PFE	D	0.15%	0.09%	0.09%
	PFG	D	0.09%	0.05%	0.05%
	PG	A	0.39%	0.24%	0.24%
	PLTR	B	0.18%	0.19%	0.18%
	PNFP	B	0.03%	0.0%	0.0%
	PPG	F	0.05%	0.6%	0.05%
	PRU	A	0.18%	0.08%	0.08%
	PSN	D	0.01%	0.1%	0.01%
	PWR	A	0.09%	0.09%	0.09%
	PYPL	B	0.32%	0.12%	0.12%
	QCOM	F	0.48%	0.23%	0.23%
	RCL	A	0.28%	0.04%	0.04%
	RGA	A	0.08%	0.23%	0.08%
	RGLD	C	0.03%	0.08%	0.03%
	RIVN	F	0.03%	0.05%	0.03%
	RJF	A	0.11%	0.27%	0.11%
	RL	B	0.05%	0.08%	0.05%
	RMD	C	0.07%	0.03%	0.03%
	RTX	C	0.16%	0.5%	0.16%
	RVTY	F	0.02%	0.05%	0.02%
	S	B	0.01%	0.04%	0.01%
	SAIC	F	0.0%	0.01%	0.0%
	SBUX	A	0.09%	0.28%	0.09%
	SCHW	B	0.21%	0.15%	0.15%
	SHW	A	0.14%	0.07%	0.07%
	SMCI	F	0.01%	0.02%	0.01%
	SNOW	C	0.05%	0.0%	0.0%
	SPGI	C	0.09%	1.07%	0.09%
	SPOT	B	0.07%	0.13%	0.07%
	SQ	B	0.07%	0.42%	0.07%
	SRE	A	0.07%	1.08%	0.07%
	STLD	B	0.12%	0.04%	0.04%
	SYY	B	0.07%	0.13%	0.07%
	TEAM	A	0.05%	0.09%	0.05%
	TGT	F	0.29%	0.32%	0.29%
	TJX	A	0.44%	0.22%	0.22%
	TMUS	B	0.31%	0.39%	0.31%
	TRGP	B	0.27%	0.17%	0.17%
	TSLA	B	0.78%	1.85%	0.78%
	TT	A	0.14%	0.76%	0.14%
	TTEK	F	0.01%	0.0%	0.0%
	TTWO	A	0.03%	0.12%	0.03%
	TWLO	A	0.04%	0.0%	0.0%
	TXN	C	0.26%	0.39%	0.26%
	UAL	A	0.19%	0.05%	0.05%
	UBER	D	0.09%	0.42%	0.09%
	UNH	C	0.36%	0.18%	0.18%
	V	A	0.59%	0.06%	0.06%
	VEEV	C	0.05%	0.32%	0.05%
	VLO	C	0.17%	0.06%	0.06%
	VLTO	D	0.06%	0.23%	0.06%
	VOYA	B	0.03%	0.21%	0.03%
	VRSK	A	0.12%	0.08%	0.08%
	VRT	B	0.13%	0.03%	0.03%
	VRTX	F	0.25%	0.13%	0.13%
	VZ	C	0.45%	0.39%	0.39%
	WAT	B	0.05%	0.03%	0.03%
	WDAY	B	0.08%	0.16%	0.08%
	WDC	D	0.03%	0.02%	0.02%
	WFC	A	0.55%	0.03%	0.03%
	WH	B	0.01%	0.01%	0.01%
	WHR	B	0.0%	0.2%	0.0%
	WMT	A	0.64%	0.24%	0.24%
	WSM	B	0.11%	0.23%	0.11%
	WST	C	0.05%	0.05%	0.05%
	XOM	B	1.04%	0.65%	0.65%
	XRAY	F	0.0%	0.09%	0.0%
	XYL	D	0.04%	0.44%	0.04%
	YUM	B	0.04%	0.56%	0.04%
	ZM	B	0.05%	0.18%	0.05%
	ZS	C	0.03%	0.11%	0.03%

AVLC Overweight 712 Positions Relative to LCTU

	Symbol	Grade	Weight
	UNP	C	0.47%
	PGR	A	0.46%
	T	A	0.42%
	BAC	A	0.42%
	MELI	D	0.39%
	MS	A	0.35%
	EOG	A	0.3%
	DE	A	0.3%
	WMB	A	0.29%
	FDX	B	0.26%
	TRV	B	0.26%
	AMP	A	0.26%
	CSX	B	0.26%
	LMT	D	0.23%
	MSI	B	0.23%
	GWW	B	0.23%
	USB	A	0.23%
	LNG	B	0.23%
	DAL	C	0.23%
	CMG	B	0.23%
	NSC	B	0.22%
	CB	C	0.22%
	PNC	B	0.22%
	KLAC	D	0.21%
	LIN	D	0.21%
	ROST	C	0.21%
	ZTS	D	0.2%
	F	C	0.2%
	URI	B	0.2%
	MET	A	0.2%
	KR	B	0.2%
	FAST	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%
	PSX	C	0.19%
	BK	A	0.18%
	PM	B	0.18%
	BLK	C	0.18%
	PAYX	C	0.17%
	TSCO	D	0.17%
	LEN	D	0.17%
	FANG	D	0.17%
	NUE	C	0.16%
	DUK	C	0.16%
	APP	B	0.16%
	APO	B	0.16%
	OXY	D	0.15%
	TMO	F	0.15%
	SYF	B	0.15%
	LULU	C	0.15%
	ANET	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%
	KMB	D	0.14%
	EME	C	0.14%
	ODFL	B	0.14%
	WM	A	0.13%
	SO	D	0.13%
	IP	B	0.13%
	CCL	B	0.13%
	DHR	F	0.13%
	HAL	C	0.13%
	VST	B	0.13%
	CSL	C	0.13%
	TPL	A	0.13%
	PCG	A	0.13%
	SYK	C	0.12%
	SNPS	B	0.12%
	CTAS	B	0.12%
	CME	A	0.12%
	ETR	B	0.12%
	SFM	A	0.12%
	FCNCA	A	0.12%
	PHM	D	0.12%
	DHI	D	0.12%
	MKL	A	0.12%
	LOW	D	0.12%
	PKG	A	0.12%
	ON	D	0.12%
	APH	A	0.12%
	HBAN	A	0.11%
	ULTA	F	0.11%
	BX	A	0.11%
	NTRS	A	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%
	BURL	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%
	UTHR	C	0.1%
	FIX	A	0.1%
	JBL	B	0.1%
	NVR	D	0.1%
	EXC	C	0.1%
	MCO	B	0.1%
	MO	A	0.09%
	VTRS	A	0.09%
	EQH	B	0.09%
	ROP	B	0.09%
	SLB	C	0.09%
	GLW	B	0.09%
	COR	B	0.09%
	IT	C	0.09%
	PH	A	0.09%
	HSY	F	0.09%
	EIX	B	0.09%
	TXRH	C	0.09%
	CF	B	0.09%
	LII	A	0.09%
	OVV	B	0.08%
	EG	C	0.08%
	NXPI	D	0.08%
	GDDY	A	0.08%
	LUV	C	0.08%
	BJ	A	0.08%
	FICO	B	0.08%
	SNA	A	0.08%
	DKS	C	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%
	CASY	A	0.08%
	NCLH	B	0.08%
	DFS	B	0.08%
	ICE	C	0.07%
	DTE	C	0.07%
	L	A	0.07%
	SWKS	F	0.07%
	WCC	B	0.07%
	PAYC	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%
	MLI	C	0.07%
	TOL	B	0.07%
	POOL	C	0.07%
	PPL	B	0.07%
	RS	B	0.07%
	MUSA	A	0.07%
	FI	A	0.07%
	BLDR	D	0.07%
	TDG	D	0.07%
	RNR	C	0.07%
	PRI	A	0.07%
	EXP	A	0.07%
	UNM	A	0.06%
	ALLY	C	0.06%
	PR	B	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%
	BA	F	0.06%
	WMS	D	0.06%
	CMS	C	0.06%
	CARR	D	0.06%
	MANH	D	0.06%
	GPC	D	0.06%
	GNRC	B	0.06%
	GPK	C	0.06%
	CLX	B	0.06%
	BWXT	B	0.06%
	FIS	C	0.06%
	DCI	B	0.06%
	PFGC	B	0.06%
	EA	A	0.06%
	DG	F	0.06%
	ANF	C	0.06%
	KEYS	A	0.06%
	DD	D	0.06%
	LPX	B	0.06%
	NTAP	C	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%
	TAP	C	0.05%
	TSN	B	0.05%
	WFRD	D	0.05%
	MOS	F	0.05%
	FOXA	B	0.05%
	SKX	D	0.05%
	JLL	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%
	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%
	GD	F	0.05%
	TER	D	0.05%
	CDW	F	0.05%
	KMX	B	0.05%
	ALV	C	0.05%
	AXON	A	0.05%
	DDOG	A	0.05%
	EVRG	A	0.05%
	TXT	D	0.05%
	CHRD	D	0.05%
	STZ	D	0.05%
	AIZ	A	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%
	AME	A	0.05%
	WSO	A	0.05%
	FND	C	0.05%
	CRBG	B	0.05%
	BDX	F	0.05%
	R	B	0.05%
	HCA	F	0.05%
	TTD	B	0.05%
	KNSL	B	0.05%
	EMR	A	0.05%
	CHTR	C	0.05%
	ATR	B	0.05%
	AGCO	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%
	SNX	C	0.04%
	NBIX	C	0.04%
	NSIT	F	0.04%
	PSTG	D	0.04%
	JCI	C	0.04%
	XPO	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%
	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%
	WCN	A	0.04%
	OTIS	C	0.04%
	HII	D	0.04%
	TREX	C	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%
	BR	A	0.04%
	JKHY	D	0.04%
	JAZZ	B	0.04%
	CRS	A	0.04%
	FHN	A	0.04%
	WAB	B	0.04%
	ANSS	B	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%
	MEDP	D	0.03%
	LDOS	C	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%
	UHAL	D	0.03%
	RLI	B	0.03%
	GME	C	0.03%
	NWSA	B	0.03%
	FFIV	B	0.03%
	X	C	0.03%
	ROL	B	0.03%
	AFRM	B	0.03%
	HALO	F	0.03%
	OLN	D	0.03%
	PEGA	A	0.03%
	NYT	C	0.03%
	AWK	D	0.03%
	ZBRA	B	0.03%
	MDB	C	0.03%
	PODD	C	0.03%
	HLNE	B	0.03%
	WWD	B	0.03%
	EXPO	D	0.03%
	BMRN	D	0.03%
	STX	D	0.03%
	CBOE	B	0.03%
	LHX	C	0.03%
	MUR	D	0.03%
	PVH	C	0.03%
	AKAM	D	0.03%
	GNTX	C	0.03%
	EHC	B	0.03%
	EXEL	B	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%
	DOV	A	0.03%
	PTC	A	0.03%
	K	A	0.03%
	ALK	C	0.03%
	CW	B	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%
	MNST	C	0.03%
	LEA	D	0.03%
	CLF	F	0.03%
	CVLT	B	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%
	MAS	D	0.02%
	RBC	A	0.02%
	TRU	D	0.02%
	PPC	C	0.02%
	SWK	D	0.02%
	CHH	A	0.02%
	QRVO	F	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%
	ONTO	D	0.02%
	CNM	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%
	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%
	VRSN	F	0.02%
	LW	C	0.02%
	EFX	F	0.02%
	MTH	D	0.02%
	SN	D	0.02%
	DT	C	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%
	JNPR	F	0.02%
	QLYS	C	0.02%
	TW	A	0.02%
	IVZ	B	0.02%
	SON	D	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%
	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%
	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%
	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%
	CAG	D	0.01%
	CPB	D	0.01%
	DKNG	B	0.01%
	NDSN	B	0.01%
	HQY	B	0.01%
	NXST	C	0.01%
	PATH	C	0.01%
	AVAV	D	0.01%
	NWS	B	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%
	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%
	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%
	MARA	C	0.01%
	BOKF	B	0.01%
	OGN	D	0.01%
	SJM	D	0.01%
	GPN	B	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%
	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%
	PLNT	A	0.01%
	ZWS	B	0.01%
	LNC	B	0.01%
	MDGL	B	0.01%
	WSC	D	0.01%
	GKOS	B	0.01%
	PFSI	D	0.01%
	SITE	D	0.01%
	WING	D	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%
	CR	A	0.01%
	ALB	C	0.01%
	LANC	C	0.01%
	ITCI	C	0.01%
	AUR	C	0.01%
	CELH	F	0.01%
	DPZ	C	0.01%
	CGNX	C	0.01%
	NVST	B	0.0%
	TPG	A	0.0%
	CRSP	D	0.0%
	WOLF	F	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%
	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%
	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%
	CRDO	B	0.0%
	MMS	F	0.0%
	AMG	B	0.0%
	COLB	A	0.0%
	POST	C	0.0%
	ACT	D	0.0%
	BFAM	D	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%
	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 25 Positions Relative to LCTU

	Symbol	Grade	Weight
	PLD	D	-0.43%
	AMT	D	-0.35%
	WY	D	-0.34%
	O	D	-0.28%
	GEN	B	-0.22%
	SPG	B	-0.19%
	BXP	D	-0.13%
	FRT	B	-0.13%
	KRC	C	-0.12%
	REG	B	-0.12%
	VTR	C	-0.11%
	MAN	D	-0.06%
	REXR	F	-0.06%
	WELL	A	-0.06%
	DOC	D	-0.03%
	KIM	A	-0.03%
	LOPE	B	-0.02%
	ARE	D	-0.02%
	DJT	C	-0.02%
	VNO	B	-0.02%
	HST	C	-0.01%
	SPR	D	-0.01%
	AGNC	D	-0.0%
	PII	D	-0.0%
	YETI	C	-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

LCTU: Top Represented Industries & Keywords

Industries: Software - Application Drug Manufacturers - Major Semiconductors Software - Infrastructure Diversified Industrials Capital Markets Health Care Plans Diagnostics & Research Information Technology Services Specialty Retail Telecom Services Banks - Regional - US Credit Services Engineering & Construction Medical Instruments & Supplies REIT - Retail Auto Manufacturers Banks - Global Household & Personal Products Insurance - Life

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Work From Home Electronics Real Estate Investment Trust Bank Telecommunications Medicine Mobile Devices Chemical Cloud Computing Disability IBD 50 Mining Software Banking