AVLC vs. NACP ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Impact Shares NAACP Minority Empowerment ETF (NACP)

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

NACP

Impact Shares NAACP Minority Empowerment ETF

NACP Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar Minority Empowerment Index (the underlying index). The fund will, under normal circumstances, invest at least 80% of its total assets, plus borrowings for investment purposes (the "80% basket") in component securities of the underlying index ("Component Securities"). The underlying index is designed to measure the performance of large and mid- capitalization companies that are "empowering to minorities," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.72

Average Daily Volume

3,518

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	NACP
30 Days	4.71%	2.08%
60 Days	6.29%	4.48%
90 Days	7.72%	6.57%
12 Months	33.08%	32.92%

187 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in NACP	Overlap
A	D	0.06%	0.14%	0.06%
AAPL	C	5.24%	5.03%	5.03%
ABBV	D	0.38%	1.22%	0.38%
ABT	B	0.2%	0.69%	0.2%
ACM	A	0.02%	0.05%	0.02%
ACN	C	0.32%	3.58%	0.32%
ADM	D	0.11%	0.11%	0.11%
ADP	B	0.36%	0.4%	0.36%
AEP	D	0.14%	0.19%	0.14%
AES	F	0.06%	0.05%	0.05%
ALB	C	0.01%	0.04%	0.01%
AME	A	0.05%	0.13%	0.05%
AMZN	C	3.03%	4.47%	3.03%
AON	A	0.1%	0.24%	0.1%
APTV	D	0.04%	0.08%	0.04%
AXP	A	0.4%	0.56%	0.4%
BA	F	0.06%	0.38%	0.06%
BAC	A	0.42%	0.99%	0.42%
BAH	F	0.03%	0.07%	0.03%
BAX	D	0.02%	0.07%	0.02%
BDX	F	0.05%	0.23%	0.05%
BG	F	0.08%	0.05%	0.05%
BIIB	F	0.03%	0.1%	0.03%
BK	A	0.18%	0.17%	0.17%
BMY	B	0.18%	0.35%	0.18%
BSX	B	0.12%	0.41%	0.12%
BWA	D	0.05%	0.03%	0.03%
C	A	0.23%	0.45%	0.23%
CF	B	0.09%	0.05%	0.05%
CI	F	0.07%	0.37%	0.07%
CLX	B	0.06%	0.07%	0.06%
CMI	A	0.21%	0.15%	0.15%
CMS	C	0.06%	0.07%	0.06%
COP	C	0.38%	0.49%	0.38%
CPB	D	0.01%	0.04%	0.01%
CSX	B	0.26%	0.24%	0.24%
CVS	D	0.05%	0.27%	0.05%
CVX	A	0.64%	1.04%	0.64%
D	C	0.05%	0.18%	0.05%
DAL	C	0.23%	0.09%	0.09%
DD	D	0.06%	0.14%	0.06%
DE	A	0.3%	0.36%	0.3%
DELL	C	0.05%	0.54%	0.05%
DGX	A	0.01%	0.06%	0.01%
DHR	F	0.13%	0.64%	0.13%
DTE	C	0.07%	0.08%	0.07%
DUK	C	0.16%	0.32%	0.16%
DVN	F	0.14%	0.1%	0.1%
EA	A	0.06%	0.45%	0.06%
EBAY	D	0.14%	0.11%	0.11%
ECL	D	0.06%	0.21%	0.06%
ED	D	0.08%	0.12%	0.08%
EIX	B	0.09%	0.11%	0.09%
ELV	F	0.13%	0.47%	0.13%
EMN	D	0.04%	0.04%	0.04%
EMR	A	0.05%	0.22%	0.05%
ES	D	0.02%	0.08%	0.02%
ETN	A	0.14%	0.44%	0.14%
ETR	B	0.12%	0.08%	0.08%
EW	C	0.08%	0.15%	0.08%
EXC	C	0.1%	0.15%	0.1%
EXPD	D	0.09%	0.07%	0.07%
F	C	0.2%	0.15%	0.15%
FCX	D	0.18%	0.25%	0.18%
FDX	B	0.26%	0.25%	0.25%
FE	C	0.02%	0.08%	0.02%
GE	D	0.2%	0.69%	0.2%
GILD	C	0.35%	0.35%	0.35%
GM	B	0.31%	0.18%	0.18%
GOOG	C	1.3%	2.16%	1.3%
GOOGL	C	1.57%	2.41%	1.57%
HBAN	A	0.11%	0.07%	0.07%
HES	B	0.19%	0.15%	0.15%
HLT	A	0.05%	0.17%	0.05%
HON	B	0.15%	0.46%	0.15%
HPQ	B	0.05%	0.62%	0.05%
HRL	D	0.02%	0.03%	0.02%
HSY	F	0.09%	0.1%	0.09%
HUBB	B	0.04%	0.06%	0.04%
HWM	A	0.05%	0.14%	0.05%
IBM	C	0.27%	3.08%	0.27%
IFF	D	0.06%	0.09%	0.06%
ILMN	D	0.04%	0.07%	0.04%
INTC	D	0.16%	1.52%	0.16%
IPG	D	0.01%	0.16%	0.01%
IR	B	0.05%	0.12%	0.05%
ITW	B	0.12%	0.27%	0.12%
JBHT	C	0.08%	0.05%	0.05%
JCI	C	0.04%	0.17%	0.04%
JNJ	D	0.58%	1.44%	0.58%
JPM	A	1.19%	2.39%	1.19%
K	A	0.03%	0.07%	0.03%
KHC	F	0.05%	0.12%	0.05%
KMI	A	0.1%	0.15%	0.1%
KO	D	0.4%	0.99%	0.4%
KR	B	0.2%	0.13%	0.13%
LECO	B	0.06%	0.04%	0.04%
LH	C	0.04%	0.07%	0.04%
LHX	C	0.03%	0.16%	0.03%
LII	A	0.09%	0.07%	0.07%
LNG	B	0.23%	0.16%	0.16%
LNT	A	0.04%	0.05%	0.04%
LOW	D	0.12%	0.51%	0.12%
LUV	C	0.08%	0.06%	0.06%
MA	C	0.66%	1.4%	0.66%
MAR	B	0.05%	0.19%	0.05%
MCO	B	0.1%	0.26%	0.1%
MDLZ	F	0.09%	0.36%	0.09%
MDT	D	0.12%	0.42%	0.12%
MELI	D	0.39%	0.38%	0.38%
MET	A	0.2%	0.17%	0.17%
META	D	2.26%	3.63%	2.26%
MLM	B	0.14%	0.12%	0.12%
MMM	D	0.19%	0.26%	0.19%
MOS	F	0.05%	0.03%	0.03%
MPC	D	0.22%	0.23%	0.22%
MRK	F	0.32%	1.03%	0.32%
MS	A	0.35%	0.47%	0.35%
MSFT	F	4.39%	4.63%	4.39%
MU	D	0.17%	1.75%	0.17%
NDAQ	A	0.02%	0.08%	0.02%
NDSN	B	0.01%	0.05%	0.01%
NEE	D	0.07%	0.66%	0.07%
NEM	D	0.02%	0.22%	0.02%
NI	A	0.02%	0.05%	0.02%
NKE	D	0.17%	0.36%	0.17%
NOC	D	0.05%	0.29%	0.05%
NRG	B	0.05%	0.07%	0.05%
NSC	B	0.22%	0.2%	0.2%
NVDA	C	4.82%	4.9%	4.82%
OC	A	0.11%	0.05%	0.05%
OKE	A	0.2%	0.18%	0.18%
OTIS	C	0.04%	0.13%	0.04%
PANW	C	0.19%	1.81%	0.19%
PCG	A	0.13%	0.09%	0.09%
PEG	A	0.1%	0.14%	0.1%
PEP	F	0.27%	0.92%	0.27%
PFE	D	0.15%	0.62%	0.15%
PFG	D	0.09%	0.03%	0.03%
PNC	B	0.22%	0.27%	0.22%
PPG	F	0.05%	0.1%	0.05%
PPL	B	0.07%	0.08%	0.07%
PSX	C	0.19%	0.22%	0.19%
PYPL	B	0.32%	0.27%	0.27%
QCOM	F	0.48%	3.18%	0.48%
RCL	A	0.28%	0.12%	0.12%
RF	A	0.08%	0.07%	0.07%
RMD	C	0.07%	0.11%	0.07%
ROK	B	0.04%	0.11%	0.04%
SCHW	B	0.21%	0.33%	0.21%
SJM	D	0.01%	0.05%	0.01%
SO	D	0.13%	0.35%	0.13%
SPGI	C	0.09%	0.55%	0.09%
SRE	A	0.07%	0.18%	0.07%
SWK	D	0.02%	0.06%	0.02%
SYF	B	0.15%	0.08%	0.08%
T	A	0.42%	0.45%	0.42%
TAP	C	0.05%	0.03%	0.03%
TFC	A	0.19%	0.22%	0.19%
TFX	F	0.02%	0.04%	0.02%
TMO	F	0.15%	0.83%	0.15%
TROW	B	0.1%	0.09%	0.09%
TRV	B	0.26%	0.18%	0.18%
TSLA	B	0.78%	2.22%	0.78%
TSN	B	0.05%	0.07%	0.05%
TT	A	0.14%	0.29%	0.14%
TXT	D	0.05%	0.06%	0.05%
UAL	A	0.19%	0.05%	0.05%
UBER	D	0.09%	2.29%	0.09%
UNH	C	0.36%	1.95%	0.36%
UNP	C	0.47%	0.56%	0.47%
UPS	C	0.19%	0.35%	0.19%
URI	B	0.2%	0.18%	0.18%
USFD	A	0.01%	0.04%	0.01%
V	A	0.59%	1.53%	0.59%
VLO	C	0.17%	0.17%	0.17%
VMC	B	0.05%	0.12%	0.05%
VRSK	A	0.12%	0.13%	0.12%
VST	B	0.13%	0.11%	0.11%
VZ	C	0.45%	2.26%	0.45%
WBA	F	0.0%	0.03%	0.0%
WEC	A	0.04%	0.1%	0.04%
WMB	A	0.29%	0.19%	0.19%
WMT	A	0.64%	0.73%	0.64%
XEL	A	0.11%	0.12%	0.11%
XOM	B	1.04%	2.0%	1.04%
XYL	D	0.04%	0.11%	0.04%

AVLC Overweight 789 Positions Relative to NACP

Symbol	Grade	Weight
AVGO	D	1.11%
COST	B	0.94%
LLY	F	0.79%
BRK.A	B	0.67%
HD	A	0.58%
WFC	A	0.55%
CAT	B	0.52%
NFLX	A	0.48%
PGR	A	0.46%
GS	A	0.44%
CRM	B	0.44%
TJX	A	0.44%
ORCL	B	0.42%
PG	A	0.39%
CMCSA	B	0.38%
AMAT	F	0.36%
LRCX	F	0.34%
ADBE	C	0.33%
TMUS	B	0.31%
AMD	F	0.31%
NOW	A	0.3%
EOG	A	0.3%
CSCO	B	0.3%
TGT	F	0.29%
TRGP	B	0.27%
INTU	C	0.27%
TXN	C	0.26%
AMP	A	0.26%
PCAR	B	0.25%
VRTX	F	0.25%
LMT	D	0.23%
MSI	B	0.23%
COF	B	0.23%
FTNT	C	0.23%
GWW	B	0.23%
USB	A	0.23%
CMG	B	0.23%
APD	A	0.22%
CB	C	0.22%
KLAC	D	0.21%
LIN	D	0.21%
ROST	C	0.21%
ALL	A	0.2%
ZTS	D	0.2%
FAST	B	0.2%
AIG	B	0.2%
HIG	B	0.19%
AMGN	D	0.19%
AFL	B	0.19%
PLTR	B	0.18%
CL	D	0.18%
ISRG	A	0.18%
PM	B	0.18%
DIS	B	0.18%
PRU	A	0.18%
BLK	C	0.18%
BKR	B	0.18%
PAYX	C	0.17%
TSCO	D	0.17%
LEN	D	0.17%
FANG	D	0.17%
NUE	C	0.16%
MCD	D	0.16%
DECK	A	0.16%
APP	B	0.16%
RTX	C	0.16%
APO	B	0.16%
ACGL	D	0.15%
ADI	D	0.15%
OXY	D	0.15%
KKR	A	0.15%
LULU	C	0.15%
ANET	C	0.15%
REGN	F	0.14%
FITB	A	0.14%
DOW	F	0.14%
SHW	A	0.14%
KMB	D	0.14%
EME	C	0.14%
ODFL	B	0.14%
CTSH	B	0.13%
WM	A	0.13%
IP	B	0.13%
VRT	B	0.13%
CCL	B	0.13%
HAL	C	0.13%
BKNG	A	0.13%
CSL	C	0.13%
TPL	A	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%
CTAS	B	0.12%
CME	A	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
PHM	D	0.12%
DHI	D	0.12%
MKL	A	0.12%
CPNG	D	0.12%
STLD	B	0.12%
PKG	A	0.12%
ON	D	0.12%
APH	A	0.12%
ULTA	F	0.11%
BX	A	0.11%
NTRS	A	0.11%
MRVL	B	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%
STT	A	0.1%
FLEX	A	0.1%
RPM	A	0.1%
SW	A	0.1%
LPLA	A	0.1%
CTRA	B	0.1%
UTHR	C	0.1%
FIX	A	0.1%
JBL	B	0.1%
NVR	D	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%
EQH	B	0.09%
ROP	B	0.09%
MMC	B	0.09%
SLB	C	0.09%
GLW	B	0.09%
COR	B	0.09%
SBUX	A	0.09%
IT	C	0.09%
PH	A	0.09%
PWR	A	0.09%
ADSK	A	0.09%
TXRH	C	0.09%
CNC	D	0.08%
OVV	B	0.08%
EG	C	0.08%
NXPI	D	0.08%
RGA	A	0.08%
GDDY	A	0.08%
BJ	A	0.08%
FICO	B	0.08%
SNA	A	0.08%
DKS	C	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%
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%
L	A	0.07%
SWKS	F	0.07%
CINF	A	0.07%
WCC	B	0.07%
MOH	F	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%
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%
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%
VLTO	D	0.06%
COKE	C	0.06%
KVUE	A	0.06%
WAL	B	0.06%
UHS	D	0.06%
CMA	A	0.06%
ATI	D	0.06%
GL	B	0.06%
WMS	D	0.06%
CARR	D	0.06%
MANH	D	0.06%
GPC	D	0.06%
GNRC	B	0.06%
AFG	A	0.06%
GPK	C	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%
KEYS	A	0.06%
LPX	B	0.06%
NTAP	C	0.06%
CBRE	B	0.06%
BALL	D	0.06%
VMI	B	0.05%
ORI	A	0.05%
ENSG	D	0.05%
AZO	C	0.05%
CROX	D	0.05%
MSCI	C	0.05%
ZM	B	0.05%
WFRD	D	0.05%
FOXA	B	0.05%
KDP	D	0.05%
SKX	D	0.05%
JLL	D	0.05%
DXCM	D	0.05%
AJG	B	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%
HUM	C	0.05%
WTFC	A	0.05%
ATO	A	0.05%
CHD	B	0.05%
MTDR	B	0.05%
AAON	B	0.05%
MCHP	D	0.05%
GD	F	0.05%
TER	D	0.05%
SNOW	C	0.05%
CDW	F	0.05%
KMX	B	0.05%
ALV	C	0.05%
AXON	A	0.05%
HUBS	A	0.05%
DDOG	A	0.05%
EVRG	A	0.05%
CHRD	D	0.05%
VEEV	C	0.05%
STZ	D	0.05%
AIZ	A	0.05%
WAT	B	0.05%
UFPI	B	0.05%
ZION	B	0.05%
LNTH	D	0.05%
AIT	A	0.05%
GGG	B	0.05%
FYBR	D	0.05%
WST	C	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%
R	B	0.05%
HCA	F	0.05%
HOOD	B	0.05%
TTD	B	0.05%
KNSL	B	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%
TWLO	A	0.04%
STE	F	0.04%
KNX	B	0.04%
FMC	D	0.04%
SNX	C	0.04%
KEX	C	0.04%
NBIX	C	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
XPO	B	0.04%
YUM	B	0.04%
IQV	D	0.04%
DINO	D	0.04%
FN	D	0.04%
CMC	B	0.04%
CPAY	A	0.04%
NET	B	0.04%
CRUS	D	0.04%
ALGN	D	0.04%
TYL	B	0.04%
MTG	C	0.04%
OGE	B	0.04%
WCN	A	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%
JKHY	D	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%
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%
CHRW	C	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%
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%
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%
BMRN	D	0.03%
STX	D	0.03%
CBOE	B	0.03%
MTD	D	0.03%
WDC	D	0.03%
MUR	D	0.03%
AM	A	0.03%
PVH	C	0.03%
AKAM	D	0.03%
HOLX	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%
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%
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%
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%
MAS	D	0.02%
RBC	A	0.02%
TRU	D	0.02%
PPC	C	0.02%
OMC	C	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%
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%
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%
CCK	C	0.02%
FBIN	D	0.02%
VRSN	F	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%
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%
RPRX	D	0.02%
WLK	D	0.02%
NTNX	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%
CAG	D	0.01%
DKNG	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%
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%
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%
LANC	C	0.01%
ITCI	C	0.01%
AUR	C	0.01%
CELH	F	0.01%
S	B	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%
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%
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 10 Positions Relative to NACP

Symbol	Grade	Weight
PLD	D	-0.42%
EQIX	A	-0.29%
CCI	D	-0.18%
AVB	B	-0.11%
SBAC	D	-0.08%
DOC	D	-0.06%
AMH	D	-0.05%
REG	B	-0.04%
SCCO	F	-0.03%
CNH	C	-0.03%