AVLC vs. SPUS ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)

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

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.49

Average Daily Volume

187,591

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	SPUS
30 Days	4.71%	1.91%
60 Days	6.29%	2.94%
90 Days	7.72%	3.81%
12 Months	33.08%	29.89%

216 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in SPUS	Overlap
A	D	0.06%	0.12%	0.06%
AAPL	C	5.24%	11.07%	5.24%
ABBV	D	0.38%	0.94%	0.38%
ABT	B	0.2%	0.64%	0.2%
ACN	C	0.32%	0.71%	0.32%
ADBE	C	0.33%	0.7%	0.33%
ADI	D	0.15%	0.33%	0.15%
ADM	D	0.11%	0.08%	0.08%
ADSK	A	0.09%	0.21%	0.09%
AKAM	D	0.03%	0.04%	0.03%
ALB	C	0.01%	0.04%	0.01%
ALGN	D	0.04%	0.05%	0.04%
ALLE	D	0.02%	0.04%	0.02%
AMAT	F	0.36%	0.45%	0.36%
AMD	F	0.31%	0.71%	0.31%
AME	A	0.05%	0.14%	0.05%
AMZN	C	3.03%	6.03%	3.03%
ANET	C	0.15%	0.31%	0.15%
ANSS	B	0.04%	0.1%	0.04%
AOS	F	0.03%	0.03%	0.03%
APD	A	0.22%	0.23%	0.22%
APH	A	0.12%	0.27%	0.12%
APTV	D	0.04%	0.04%	0.04%
AVGO	D	1.11%	2.42%	1.11%
AVY	D	0.03%	0.05%	0.03%
AZO	C	0.05%	0.17%	0.05%
BBY	D	0.12%	0.05%	0.05%
BDX	F	0.05%	0.2%	0.05%
BIIB	F	0.03%	0.07%	0.03%
BKNG	A	0.13%	0.53%	0.13%
BKR	B	0.18%	0.14%	0.14%
BLDR	D	0.07%	0.06%	0.06%
BSX	B	0.12%	0.42%	0.12%
CAH	B	0.03%	0.09%	0.03%
CDNS	B	0.12%	0.26%	0.12%
CDW	F	0.05%	0.07%	0.05%
CEG	D	0.11%	0.23%	0.11%
CF	B	0.09%	0.05%	0.05%
CHD	B	0.05%	0.09%	0.05%
CHRW	C	0.03%	0.04%	0.03%
CL	D	0.18%	0.24%	0.18%
CLX	B	0.06%	0.07%	0.06%
CMI	A	0.21%	0.16%	0.16%
COP	C	0.38%	0.42%	0.38%
COR	B	0.09%	0.14%	0.09%
CPRT	A	0.1%	0.15%	0.1%
CRL	C	0.01%	0.03%	0.01%
CRM	B	0.44%	1.0%	0.44%
CSCO	B	0.3%	0.74%	0.3%
CSX	B	0.26%	0.21%	0.21%
CTAS	B	0.12%	0.24%	0.12%
CTRA	B	0.1%	0.06%	0.06%
CTSH	B	0.13%	0.12%	0.12%
CTVA	C	0.08%	0.13%	0.08%
DD	D	0.06%	0.11%	0.06%
DECK	A	0.16%	0.09%	0.09%
DHI	D	0.12%	0.15%	0.12%
DHR	F	0.13%	0.48%	0.13%
DOV	A	0.03%	0.09%	0.03%
DVN	F	0.14%	0.08%	0.08%
DXCM	D	0.05%	0.1%	0.05%
EBAY	D	0.14%	0.09%	0.09%
ECL	D	0.06%	0.19%	0.06%
EFX	F	0.02%	0.1%	0.02%
EL	F	0.02%	0.05%	0.02%
EMR	A	0.05%	0.24%	0.05%
ENPH	F	0.01%	0.03%	0.01%
EOG	A	0.3%	0.25%	0.25%
EPAM	C	0.04%	0.04%	0.04%
ETN	A	0.14%	0.46%	0.14%
EW	C	0.08%	0.13%	0.08%
EXPD	D	0.09%	0.05%	0.05%
FAST	B	0.2%	0.15%	0.15%
FCX	D	0.18%	0.2%	0.18%
FFIV	B	0.03%	0.04%	0.03%
FICO	B	0.08%	0.18%	0.08%
FSLR	F	0.1%	0.06%	0.06%
FTNT	C	0.23%	0.19%	0.19%
FTV	C	0.01%	0.08%	0.01%
GEHC	F	0.03%	0.12%	0.03%
GILD	C	0.35%	0.35%	0.35%
GIS	D	0.03%	0.11%	0.03%
GLW	B	0.09%	0.12%	0.09%
GNRC	B	0.06%	0.03%	0.03%
GOOG	C	1.3%	2.71%	1.3%
GOOGL	C	1.57%	3.28%	1.57%
GPC	D	0.06%	0.05%	0.05%
GRMN	B	0.1%	0.1%	0.1%
GWW	B	0.23%	0.17%	0.17%
HAL	C	0.13%	0.09%	0.09%
HD	A	0.58%	1.26%	0.58%
HES	B	0.19%	0.13%	0.13%
HOLX	D	0.03%	0.06%	0.03%
HON	B	0.15%	0.47%	0.15%
HPQ	B	0.05%	0.11%	0.05%
HSIC	B	0.01%	0.03%	0.01%
HSY	F	0.09%	0.08%	0.08%
HUBB	B	0.04%	0.08%	0.04%
IDXX	F	0.11%	0.11%	0.11%
IEX	B	0.03%	0.05%	0.03%
INCY	C	0.03%	0.04%	0.03%
IR	B	0.05%	0.13%	0.05%
ISRG	A	0.18%	0.61%	0.18%
IT	C	0.09%	0.13%	0.09%
ITW	B	0.12%	0.23%	0.12%
J	F	0.01%	0.05%	0.01%
JBHT	C	0.08%	0.05%	0.05%
JBL	B	0.1%	0.05%	0.05%
JCI	C	0.04%	0.18%	0.04%
JNJ	D	0.58%	1.17%	0.58%
JNPR	F	0.02%	0.04%	0.02%
K	A	0.03%	0.07%	0.03%
KDP	D	0.05%	0.11%	0.05%
KEYS	A	0.06%	0.09%	0.06%
KLAC	D	0.21%	0.26%	0.21%
KMB	D	0.14%	0.15%	0.14%
KVUE	A	0.06%	0.14%	0.06%
LH	C	0.04%	0.06%	0.04%
LIN	D	0.21%	0.69%	0.21%
LKQ	D	0.01%	0.03%	0.01%
LLY	F	0.79%	1.89%	0.79%
LOW	D	0.12%	0.48%	0.12%
LRCX	F	0.34%	0.29%	0.29%
LULU	C	0.15%	0.11%	0.11%
LW	C	0.02%	0.03%	0.02%
MAS	D	0.02%	0.05%	0.02%
MCHP	D	0.05%	0.11%	0.05%
MCK	B	0.07%	0.26%	0.07%
MDLZ	F	0.09%	0.27%	0.09%
MDT	D	0.12%	0.34%	0.12%
META	D	2.26%	3.93%	2.26%
MHK	D	0.04%	0.02%	0.02%
MKC	D	0.01%	0.06%	0.01%
MLM	B	0.14%	0.11%	0.11%
MMM	D	0.19%	0.22%	0.19%
MNST	C	0.03%	0.12%	0.03%
MOH	F	0.07%	0.05%	0.05%
MOS	F	0.05%	0.03%	0.03%
MPWR	F	0.04%	0.09%	0.04%
MRK	F	0.32%	0.79%	0.32%
MSFT	F	4.39%	9.82%	4.39%
MSI	B	0.23%	0.26%	0.23%
MTD	D	0.03%	0.08%	0.03%
MU	D	0.17%	0.35%	0.17%
NDSN	B	0.01%	0.04%	0.01%
NEM	D	0.02%	0.16%	0.02%
NKE	D	0.17%	0.28%	0.17%
NOW	A	0.3%	0.67%	0.3%
NSC	B	0.22%	0.19%	0.19%
NTAP	C	0.06%	0.08%	0.06%
NUE	C	0.16%	0.11%	0.11%
NVDA	C	4.82%	11.41%	4.82%
NXPI	D	0.08%	0.18%	0.08%
ODFL	B	0.14%	0.13%	0.13%
ON	D	0.12%	0.09%	0.09%
ORLY	B	0.07%	0.22%	0.07%
OTIS	C	0.04%	0.13%	0.04%
PANW	C	0.19%	0.4%	0.19%
PAYC	B	0.07%	0.03%	0.03%
PEP	F	0.27%	0.69%	0.27%
PG	A	0.39%	1.28%	0.39%
PH	A	0.09%	0.28%	0.09%
PHM	D	0.12%	0.08%	0.08%
PKG	A	0.12%	0.07%	0.07%
PNR	A	0.02%	0.05%	0.02%
PODD	C	0.03%	0.06%	0.03%
POOL	C	0.07%	0.04%	0.04%
PPG	F	0.05%	0.09%	0.05%
PTC	A	0.03%	0.07%	0.03%
PWR	A	0.09%	0.16%	0.09%
QCOM	F	0.48%	0.55%	0.48%
QRVO	F	0.02%	0.02%	0.02%
REGN	F	0.14%	0.25%	0.14%
RL	B	0.05%	0.03%	0.03%
RMD	C	0.07%	0.11%	0.07%
ROK	B	0.04%	0.1%	0.04%
ROL	B	0.03%	0.04%	0.03%
ROP	B	0.09%	0.19%	0.09%
ROST	C	0.21%	0.15%	0.15%
RSG	A	0.04%	0.14%	0.04%
SHW	A	0.14%	0.27%	0.14%
SLB	C	0.09%	0.2%	0.09%
SMCI	F	0.01%	0.04%	0.01%
SNPS	B	0.12%	0.26%	0.12%
STE	F	0.04%	0.07%	0.04%
STLD	B	0.12%	0.07%	0.07%
SWKS	F	0.07%	0.04%	0.04%
SYK	C	0.12%	0.42%	0.12%
TECH	D	0.02%	0.03%	0.02%
TER	D	0.05%	0.05%	0.05%
TFX	F	0.02%	0.03%	0.02%
TGT	F	0.29%	0.18%	0.18%
TJX	A	0.44%	0.43%	0.43%
TMO	F	0.15%	0.62%	0.15%
TRMB	B	0.02%	0.05%	0.02%
TSCO	D	0.17%	0.09%	0.09%
TSLA	B	0.78%	3.02%	0.78%
TT	A	0.14%	0.3%	0.14%
TXN	C	0.26%	0.58%	0.26%
TYL	B	0.04%	0.08%	0.04%
UBER	D	0.09%	0.46%	0.09%
ULTA	F	0.11%	0.05%	0.05%
UNP	C	0.47%	0.45%	0.45%
UPS	C	0.19%	0.31%	0.19%
VLO	C	0.17%	0.14%	0.14%
VLTO	D	0.06%	0.08%	0.06%
VMC	B	0.05%	0.12%	0.05%
VRSN	F	0.02%	0.05%	0.02%
WAB	B	0.04%	0.11%	0.04%
WAT	B	0.05%	0.07%	0.05%
WM	A	0.13%	0.25%	0.13%
WST	C	0.05%	0.07%	0.05%
XOM	B	1.04%	1.7%	1.04%
XYL	D	0.04%	0.09%	0.04%
ZBH	C	0.05%	0.07%	0.05%
ZBRA	B	0.03%	0.06%	0.03%

AVLC Overweight 760 Positions Relative to SPUS

Symbol	Grade	Weight
JPM	A	1.19%
COST	B	0.94%
BRK.A	B	0.67%
MA	C	0.66%
CVX	A	0.64%
WMT	A	0.64%
V	A	0.59%
WFC	A	0.55%
CAT	B	0.52%
NFLX	A	0.48%
PGR	A	0.46%
VZ	C	0.45%
GS	A	0.44%
T	A	0.42%
BAC	A	0.42%
ORCL	B	0.42%
KO	D	0.4%
AXP	A	0.4%
MELI	D	0.39%
CMCSA	B	0.38%
UNH	C	0.36%
ADP	B	0.36%
MS	A	0.35%
PYPL	B	0.32%
GM	B	0.31%
TMUS	B	0.31%
DE	A	0.3%
WMB	A	0.29%
RCL	A	0.28%
TRGP	B	0.27%
INTU	C	0.27%
IBM	C	0.27%
FDX	B	0.26%
TRV	B	0.26%
AMP	A	0.26%
PCAR	B	0.25%
VRTX	F	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%
CMG	B	0.23%
CB	C	0.22%
PNC	B	0.22%
MPC	D	0.22%
SCHW	B	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%
KR	B	0.2%
AIG	B	0.2%
TFC	A	0.19%
HIG	B	0.19%
AMGN	D	0.19%
AFL	B	0.19%
UAL	A	0.19%
PSX	C	0.19%
PLTR	B	0.18%
BK	A	0.18%
PM	B	0.18%
DIS	B	0.18%
PRU	A	0.18%
BMY	B	0.18%
BLK	C	0.18%
PAYX	C	0.17%
LEN	D	0.17%
FANG	D	0.17%
MCD	D	0.16%
DUK	C	0.16%
INTC	D	0.16%
APP	B	0.16%
RTX	C	0.16%
APO	B	0.16%
ACGL	D	0.15%
OXY	D	0.15%
PFE	D	0.15%
SYF	B	0.15%
KKR	A	0.15%
FITB	A	0.14%
DOW	F	0.14%
AEP	D	0.14%
EME	C	0.14%
SO	D	0.13%
IP	B	0.13%
VRT	B	0.13%
CCL	B	0.13%
VST	B	0.13%
CSL	C	0.13%
ELV	F	0.13%
TPL	A	0.13%
PCG	A	0.13%
GEV	B	0.13%
MTB	A	0.12%
CME	A	0.12%
ETR	B	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
MKL	A	0.12%
CPNG	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%
MRO	B	0.11%
XEL	A	0.11%
CRWD	B	0.11%
LYB	F	0.11%
EQT	B	0.11%
RJF	A	0.11%
BURL	A	0.11%
WSM	B	0.11%
DRI	B	0.1%
AON	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%
UTHR	C	0.1%
FIX	A	0.1%
NVR	D	0.1%
KMI	A	0.1%
EXC	C	0.1%
MCO	B	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%
EQH	B	0.09%
MMC	B	0.09%
PFG	D	0.09%
SBUX	A	0.09%
EIX	B	0.09%
TXRH	C	0.09%
LII	A	0.09%
CNC	D	0.08%
OVV	B	0.08%
EG	C	0.08%
RGA	A	0.08%
BG	F	0.08%
GDDY	A	0.08%
LUV	C	0.08%
BJ	A	0.08%
SNA	A	0.08%
DKS	C	0.08%
RF	A	0.08%
AEE	A	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%
L	A	0.07%
CINF	A	0.07%
WCC	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%
CI	F	0.07%
PPL	B	0.07%
RS	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%
COKE	C	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%
CMS	C	0.06%
CARR	D	0.06%
MANH	D	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%
EA	A	0.06%
DG	F	0.06%
ANF	C	0.06%
DASH	A	0.06%
LPX	B	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%
NOC	D	0.05%
MSCI	C	0.05%
ZM	B	0.05%
CVS	D	0.05%
TAP	C	0.05%
TSN	B	0.05%
WFRD	D	0.05%
FOXA	B	0.05%
SKX	D	0.05%
JLL	D	0.05%
AJG	B	0.05%
KHC	F	0.05%
RHI	B	0.05%
PNW	B	0.05%
WBS	A	0.05%
MKTX	D	0.05%
ARW	D	0.05%
CBT	C	0.05%
HUM	C	0.05%
WTFC	A	0.05%
ATO	A	0.05%
MTDR	B	0.05%
AAON	B	0.05%
D	C	0.05%
GD	F	0.05%
SNOW	C	0.05%
KMX	B	0.05%
BWA	D	0.05%
ALV	C	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%
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%
FYBR	D	0.05%
HWM	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%
HLT	A	0.05%
CHTR	C	0.05%
KEY	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%
KNX	B	0.04%
FMC	D	0.04%
SNX	C	0.04%
KEX	C	0.04%
NBIX	C	0.04%
ILMN	D	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%
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%
WEC	A	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%
GAP	C	0.04%
LSTR	D	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%
EMN	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%
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%
OLN	D	0.03%
PEGA	A	0.03%
NYT	C	0.03%
ZS	C	0.03%
CTLT	B	0.03%
AWK	D	0.03%
MTZ	B	0.03%
MDB	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%
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%
ESNT	D	0.03%
MAT	D	0.03%
SEIC	B	0.03%
AA	B	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%
PNFP	B	0.03%
LEA	D	0.03%
CLF	F	0.03%
CVLT	B	0.03%
HRB	D	0.03%
SNV	B	0.03%
ONB	B	0.03%
PCTY	B	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%
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%
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%
SWX	B	0.02%
ES	D	0.02%
CCK	C	0.02%
FBIN	D	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%
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%
TPX	B	0.02%
ERIE	D	0.02%
ACM	A	0.02%
RPRX	D	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%
CAG	D	0.01%
CPB	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%
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%
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%
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%
MGM	D	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%
TTEK	F	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%
DVA	B	0.01%
IOT	A	0.01%
VKTX	F	0.01%
AL	B	0.01%
PBF	D	0.01%
THO	B	0.01%
ELAN	D	0.01%
FIVE	F	0.01%
SM	B	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%
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 7 Positions Relative to SPUS

Symbol	Grade	Weight
PLD	D	-0.34%
EQIX	A	-0.28%
AVB	B	-0.1%
EQR	B	-0.08%
WY	D	-0.07%
MAA	B	-0.06%
CPT	B	-0.04%