AVLC vs. VSLU ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Applied Finance Valuation Large Cap ETF (VSLU)

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

$69.29

Average Daily Volume

19,774

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

VSLU

Applied Finance Valuation Large Cap ETF

VSLU Description

ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Applied Finance Advisors, LLC and Toroso Investments, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$36.74

Average Daily Volume

19,128

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	VSLU
30 Days	3.17%	0.09%
60 Days	5.71%	3.76%
90 Days	7.02%	4.24%
12 Months	32.22%	30.04%

290 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in VSLU	Overlap
A	D	0.06%	0.1%	0.06%
AAPL	C	5.24%	6.68%	5.24%
ABBV	F	0.38%	1.62%	0.38%
ABT	B	0.2%	0.35%	0.2%
ACGL	C	0.15%	0.07%	0.07%
ACN	B	0.32%	0.88%	0.32%
ADBE	C	0.33%	0.99%	0.33%
ADI	D	0.15%	0.17%	0.15%
ADM	D	0.11%	0.08%	0.08%
ADP	A	0.36%	0.3%	0.3%
ADSK	A	0.09%	0.11%	0.09%
AFL	B	0.19%	0.07%	0.07%
AIZ	A	0.05%	0.0%	0.0%
ALGN	D	0.04%	0.01%	0.01%
ALLE	C	0.02%	0.05%	0.02%
AMAT	F	0.36%	0.67%	0.36%
AMCR	C	0.02%	0.03%	0.02%
AMZN	C	3.03%	3.86%	3.03%
ANET	C	0.15%	0.15%	0.15%
AON	A	0.1%	0.79%	0.1%
AOS	F	0.03%	0.01%	0.01%
APA	D	0.03%	0.04%	0.03%
APH	A	0.12%	0.13%	0.12%
APTV	F	0.04%	0.03%	0.03%
ATO	A	0.05%	0.01%	0.01%
AVGO	D	1.11%	2.99%	1.11%
AVY	F	0.03%	0.02%	0.02%
AXP	A	0.4%	0.56%	0.4%
AZO	C	0.05%	0.49%	0.05%
BALL	F	0.06%	0.03%	0.03%
BBWI	C	0.01%	0.02%	0.01%
BBY	D	0.12%	0.05%	0.05%
BG	D	0.08%	0.05%	0.05%
BK	A	0.18%	0.0%	0.0%
BKNG	A	0.13%	0.78%	0.13%
BLDR	D	0.07%	0.14%	0.07%
BMY	B	0.18%	0.78%	0.18%
BR	A	0.04%	0.03%	0.03%
BWA	D	0.05%	0.03%	0.03%
CAG	F	0.01%	0.0%	0.0%
CAH	B	0.03%	0.13%	0.03%
CAT	B	0.52%	0.42%	0.42%
CB	C	0.22%	0.11%	0.11%
CBOE	C	0.03%	0.08%	0.03%
CCL	A	0.13%	0.05%	0.05%
CDNS	B	0.12%	0.1%	0.1%
CDW	F	0.05%	0.18%	0.05%
CE	F	0.01%	0.01%	0.01%
CF	A	0.09%	0.05%	0.05%
CHD	A	0.05%	0.05%	0.05%
CHRW	B	0.03%	0.02%	0.02%
CHTR	C	0.05%	0.23%	0.05%
CI	D	0.07%	0.1%	0.07%
CMCSA	B	0.38%	0.23%	0.23%
CME	B	0.12%	0.04%	0.04%
CMI	A	0.21%	0.14%	0.14%
CNC	D	0.08%	0.03%	0.03%
COP	C	0.38%	0.32%	0.32%
COR	B	0.09%	0.4%	0.09%
CPAY	A	0.04%	0.21%	0.04%
CRM	B	0.44%	0.32%	0.32%
CSX	C	0.26%	0.24%	0.24%
CTAS	B	0.12%	0.12%	0.12%
CTRA	B	0.1%	0.05%	0.05%
CTSH	B	0.13%	0.08%	0.08%
CTVA	C	0.08%	0.02%	0.02%
CVX	A	0.64%	0.64%	0.64%
CZR	F	0.0%	0.02%	0.0%
DAL	B	0.23%	0.11%	0.11%
DECK	A	0.16%	0.06%	0.06%
DELL	B	0.05%	0.38%	0.05%
DFS	B	0.08%	0.11%	0.08%
DG	F	0.06%	0.07%	0.06%
DHI	F	0.12%	0.18%	0.12%
DLTR	F	0.07%	0.02%	0.02%
DOV	A	0.03%	0.07%	0.03%
DOW	F	0.14%	0.01%	0.01%
DPZ	C	0.01%	0.16%	0.01%
DRI	B	0.1%	0.05%	0.05%
DVA	C	0.01%	0.07%	0.01%
DVN	F	0.14%	0.09%	0.09%
DXCM	C	0.05%	0.03%	0.03%
EA	A	0.06%	0.06%	0.06%
EBAY	D	0.14%	0.07%	0.07%
ED	C	0.08%	0.03%	0.03%
EFX	F	0.02%	0.06%	0.02%
ELV	F	0.13%	0.11%	0.11%
EMN	C	0.04%	0.0%	0.0%
ENPH	F	0.01%	0.02%	0.01%
EOG	A	0.3%	0.19%	0.19%
EPAM	B	0.04%	0.0%	0.0%
EW	C	0.08%	0.15%	0.08%
EXPD	C	0.09%	0.02%	0.02%
EXPE	B	0.04%	0.07%	0.04%
FANG	C	0.17%	0.09%	0.09%
FAST	B	0.2%	0.04%	0.04%
FCX	F	0.18%	0.12%	0.12%
FDS	B	0.04%	0.06%	0.04%
FDX	B	0.26%	0.07%	0.07%
FFIV	B	0.03%	0.0%	0.0%
FI	A	0.07%	0.97%	0.07%
FICO	B	0.08%	0.21%	0.08%
FIS	C	0.06%	0.25%	0.06%
FITB	B	0.14%	0.02%	0.02%
FOXA	A	0.05%	0.08%	0.05%
FTNT	C	0.23%	0.16%	0.16%
GD	D	0.05%	0.12%	0.05%
GDDY	A	0.08%	0.05%	0.05%
GEHC	D	0.03%	0.07%	0.03%
GILD	C	0.35%	0.81%	0.35%
GIS	D	0.03%	0.07%	0.03%
GL	C	0.06%	0.03%	0.03%
GLW	B	0.09%	0.06%	0.06%
GM	C	0.31%	0.19%	0.19%
GNRC	C	0.06%	0.02%	0.02%
GOOGL	C	1.57%	6.21%	1.57%
GPC	D	0.06%	0.06%	0.06%
GRMN	B	0.1%	0.07%	0.07%
GWW	B	0.23%	0.12%	0.12%
HAL	C	0.13%	0.08%	0.08%
HCA	F	0.05%	0.3%	0.05%
HD	B	0.58%	1.06%	0.58%
HIG	B	0.19%	0.05%	0.05%
HII	F	0.04%	0.0%	0.0%
HLT	A	0.05%	0.54%	0.05%
HOLX	D	0.03%	0.03%	0.03%
HON	C	0.15%	0.27%	0.15%
HPE	B	0.08%	0.09%	0.08%
HPQ	B	0.05%	0.27%	0.05%
HRL	D	0.02%	0.01%	0.01%
HSY	F	0.09%	0.13%	0.09%
HUM	C	0.05%	0.08%	0.05%
IBM	C	0.27%	0.22%	0.22%
IDXX	F	0.11%	0.11%	0.11%
IEX	C	0.03%	0.02%	0.02%
INCY	C	0.03%	0.08%	0.03%
IP	A	0.13%	0.04%	0.04%
IPG	D	0.01%	0.04%	0.01%
IQV	F	0.04%	0.29%	0.04%
IR	B	0.05%	0.09%	0.05%
IT	C	0.09%	0.3%	0.09%
ITW	B	0.12%	0.16%	0.12%
J	D	0.01%	0.04%	0.01%
JBHT	C	0.08%	0.03%	0.03%
JBL	C	0.1%	0.02%	0.02%
JCI	B	0.04%	0.07%	0.04%
JKHY	D	0.04%	0.02%	0.02%
JNJ	C	0.58%	1.7%	0.58%
JNPR	D	0.02%	0.02%	0.02%
JPM	A	1.19%	0.75%	0.75%
KDP	F	0.05%	0.07%	0.05%
KEYS	A	0.06%	0.06%	0.06%
KHC	F	0.05%	0.05%	0.05%
KLAC	F	0.21%	0.34%	0.21%
KMI	A	0.1%	0.03%	0.03%
KO	D	0.4%	0.5%	0.4%
KR	B	0.2%	0.1%	0.1%
KVUE	A	0.06%	0.11%	0.06%
LDOS	C	0.03%	0.09%	0.03%
LEN	D	0.17%	0.06%	0.06%
LEN	D	0.01%	0.06%	0.01%
LH	B	0.04%	0.03%	0.03%
LMT	D	0.23%	0.29%	0.23%
LOW	C	0.12%	0.89%	0.12%
LRCX	F	0.34%	0.35%	0.34%
LULU	C	0.15%	0.25%	0.15%
LUV	C	0.08%	0.01%	0.01%
LW	C	0.02%	0.03%	0.02%
LYB	F	0.11%	0.06%	0.06%
MA	B	0.66%	4.57%	0.66%
MAR	A	0.05%	0.48%	0.05%
MAS	D	0.02%	0.09%	0.02%
MCD	D	0.16%	0.46%	0.16%
MCHP	F	0.05%	0.12%	0.05%
MCK	A	0.07%	0.67%	0.07%
MCO	B	0.1%	0.21%	0.1%
MDLZ	F	0.09%	0.16%	0.09%
MDT	D	0.12%	0.17%	0.12%
MET	A	0.2%	0.08%	0.08%
META	D	2.26%	4.13%	2.26%
MGM	D	0.01%	0.01%	0.01%
MHK	D	0.04%	0.0%	0.0%
MKC	C	0.01%	0.02%	0.01%
MLM	C	0.14%	0.05%	0.05%
MMC	B	0.09%	0.2%	0.09%
MMM	D	0.19%	0.17%	0.17%
MNST	C	0.03%	0.15%	0.03%
MO	A	0.09%	0.23%	0.09%
MOH	F	0.07%	0.08%	0.07%
MOS	F	0.05%	0.04%	0.04%
MPC	D	0.22%	0.33%	0.22%
MRK	D	0.32%	1.88%	0.32%
MRO	B	0.11%	0.05%	0.05%
MSFT	D	4.39%	6.84%	4.39%
MSI	B	0.23%	0.15%	0.15%
MTCH	D	0.01%	0.06%	0.01%
MTD	F	0.03%	0.21%	0.03%
NKE	F	0.17%	0.23%	0.17%
NOC	D	0.05%	0.13%	0.05%
NRG	B	0.05%	0.05%	0.05%
NTAP	C	0.06%	0.05%	0.05%
NUE	C	0.16%	0.14%	0.14%
NVDA	B	4.82%	6.97%	4.82%
NVR	D	0.1%	0.2%	0.1%
NXPI	D	0.08%	0.13%	0.08%
ODFL	C	0.14%	0.05%	0.05%
OMC	C	0.02%	0.13%	0.02%
ON	D	0.12%	0.1%	0.1%
ORCL	A	0.42%	1.24%	0.42%
ORLY	B	0.07%	0.61%	0.07%
OTIS	C	0.04%	0.27%	0.04%
PAYC	B	0.07%	0.01%	0.01%
PAYX	B	0.17%	0.07%	0.07%
PEG	A	0.1%	0.03%	0.03%
PEP	F	0.27%	0.42%	0.27%
PFG	D	0.09%	0.02%	0.02%
PG	C	0.39%	0.85%	0.39%
PH	A	0.09%	0.19%	0.09%
PHM	D	0.12%	0.14%	0.12%
PKG	A	0.12%	0.02%	0.02%
PM	B	0.18%	0.58%	0.18%
PNR	A	0.02%	0.06%	0.02%
POOL	C	0.07%	0.01%	0.01%
PPG	F	0.05%	0.06%	0.05%
PSX	C	0.19%	0.2%	0.19%
PYPL	B	0.32%	0.2%	0.2%
QCOM	F	0.48%	0.38%	0.38%
QRVO	F	0.02%	0.0%	0.0%
RCL	A	0.28%	0.13%	0.13%
REGN	F	0.14%	0.2%	0.14%
RF	A	0.08%	0.03%	0.03%
RL	C	0.05%	0.02%	0.02%
RMD	C	0.07%	0.09%	0.07%
ROK	C	0.04%	0.04%	0.04%
ROL	B	0.03%	0.02%	0.02%
ROP	B	0.09%	0.19%	0.09%
ROST	D	0.21%	0.07%	0.07%
RTX	D	0.16%	0.14%	0.14%
RVTY	F	0.02%	0.01%	0.01%
SHW	B	0.14%	0.34%	0.14%
SLB	C	0.09%	0.08%	0.08%
SMCI	F	0.01%	0.02%	0.01%
SNA	A	0.08%	0.05%	0.05%
SNPS	B	0.12%	0.1%	0.1%
SOLV	D	0.01%	0.05%	0.01%
SPGI	C	0.09%	0.29%	0.09%
STLD	B	0.12%	0.09%	0.09%
STZ	D	0.05%	0.18%	0.05%
SWKS	F	0.07%	0.03%	0.03%
SYK	B	0.12%	0.33%	0.12%
SYY	D	0.07%	0.1%	0.07%
T	A	0.42%	0.21%	0.21%
TDG	D	0.07%	0.15%	0.07%
TDY	B	0.03%	0.02%	0.02%
TECH	F	0.02%	0.01%	0.01%
TGT	F	0.29%	0.16%	0.16%
TMO	F	0.15%	0.57%	0.15%
TMUS	B	0.31%	0.5%	0.31%
TROW	B	0.1%	0.03%	0.03%
TRV	B	0.26%	0.03%	0.03%
TSCO	D	0.17%	0.06%	0.06%
TT	A	0.14%	0.13%	0.13%
TTWO	A	0.03%	0.01%	0.01%
TXN	C	0.26%	0.49%	0.26%
TXT	D	0.05%	0.01%	0.01%
UAL	A	0.19%	0.09%	0.09%
ULTA	F	0.11%	0.08%	0.08%
UNH	B	0.36%	0.88%	0.36%
UNP	C	0.47%	0.38%	0.38%
UPS	C	0.19%	0.11%	0.11%
URI	C	0.2%	0.17%	0.17%
USB	A	0.23%	0.03%	0.03%
V	A	0.59%	3.37%	0.59%
VLO	C	0.17%	0.24%	0.17%
VLTO	C	0.06%	0.13%	0.06%
VMC	B	0.05%	0.03%	0.03%
VRSK	A	0.12%	0.05%	0.05%
VRSN	C	0.02%	0.14%	0.02%
VRTX	D	0.25%	0.31%	0.25%
VTRS	A	0.09%	0.03%	0.03%
VZ	C	0.45%	0.37%	0.37%
WAB	B	0.04%	0.1%	0.04%
WMT	A	0.64%	1.0%	0.64%
WRB	A	0.07%	0.04%	0.04%
WTW	B	0.02%	0.02%	0.02%
XOM	B	1.04%	0.9%	0.9%
XYL	D	0.04%	0.02%	0.02%
YUM	D	0.04%	0.23%	0.04%
ZBH	C	0.05%	0.04%	0.04%
ZTS	D	0.2%	0.21%	0.2%

AVLC Overweight 686 Positions Relative to VSLU

Symbol	Grade	Weight
GOOG	C	1.3%
COST	A	0.94%
LLY	F	0.79%
TSLA	B	0.78%
BRK.A	B	0.67%
WFC	A	0.55%
NFLX	A	0.48%
PGR	A	0.46%
GS	A	0.44%
TJX	A	0.44%
BAC	A	0.42%
MELI	C	0.39%
MS	A	0.35%
AMD	F	0.31%
NOW	A	0.3%
DE	B	0.3%
CSCO	B	0.3%
WMB	A	0.29%
TRGP	A	0.27%
INTU	B	0.27%
AMP	A	0.26%
PCAR	B	0.25%
C	A	0.23%
COF	C	0.23%
LNG	A	0.23%
CMG	B	0.23%
APD	A	0.22%
NSC	B	0.22%
PNC	B	0.22%
LIN	C	0.21%
SCHW	B	0.21%
ALL	A	0.2%
GE	D	0.2%
F	C	0.2%
OKE	A	0.2%
AIG	B	0.2%
PANW	B	0.19%
TFC	A	0.19%
HES	B	0.19%
AMGN	F	0.19%
PLTR	B	0.18%
CL	D	0.18%
ISRG	A	0.18%
DIS	B	0.18%
PRU	A	0.18%
BLK	B	0.18%
BKR	A	0.18%
MU	D	0.17%
DUK	C	0.16%
INTC	C	0.16%
APP	B	0.16%
APO	B	0.16%
OXY	D	0.15%
PFE	F	0.15%
SYF	B	0.15%
KKR	A	0.15%
AEP	C	0.14%
ETN	A	0.14%
KMB	C	0.14%
EME	A	0.14%
WM	B	0.13%
SO	C	0.13%
VRT	B	0.13%
DHR	F	0.13%
VST	A	0.13%
CSL	C	0.13%
TPL	A	0.13%
PCG	A	0.13%
GEV	B	0.13%
MTB	A	0.12%
ETR	B	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
MKL	A	0.12%
CPNG	D	0.12%
BSX	A	0.12%
HBAN	A	0.11%
BX	A	0.11%
NTRS	A	0.11%
MRVL	B	0.11%
OC	A	0.11%
XEL	A	0.11%
CRWD	B	0.11%
EQT	B	0.11%
RJF	A	0.11%
BURL	B	0.11%
CEG	C	0.11%
WSM	C	0.11%
CPRT	B	0.1%
STT	B	0.1%
FLEX	B	0.1%
RPM	A	0.1%
SW	A	0.1%
LPLA	A	0.1%
UTHR	C	0.1%
FIX	A	0.1%
EXC	C	0.1%
FSLR	F	0.1%
MSTR	B	0.09%
LVS	B	0.09%
CVNA	B	0.09%
EQH	C	0.09%
SBUX	A	0.09%
EIX	B	0.09%
PWR	A	0.09%
UBER	F	0.09%
TXRH	B	0.09%
LII	A	0.09%
OVV	B	0.08%
EG	C	0.08%
RGA	A	0.08%
BJ	A	0.08%
DKS	D	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%
FTI	A	0.08%
CASY	A	0.08%
NCLH	B	0.08%
CFG	B	0.08%
EWBC	A	0.08%
SQ	A	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%
ABNB	C	0.07%
MLI	B	0.07%
SPOT	B	0.07%
TOL	B	0.07%
INGR	C	0.07%
PPL	A	0.07%
RS	B	0.07%
MUSA	B	0.07%
NEE	C	0.07%
RNR	C	0.07%
SRE	A	0.07%
PRI	B	0.07%
EXP	B	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	B	0.06%
LECO	C	0.06%
IFF	D	0.06%
ATI	C	0.06%
BA	F	0.06%
WMS	F	0.06%
CMS	C	0.06%
CARR	C	0.06%
MANH	D	0.06%
AFG	A	0.06%
GPK	C	0.06%
CLX	A	0.06%
BWXT	B	0.06%
DCI	B	0.06%
PFGC	B	0.06%
ANF	F	0.06%
DASH	B	0.06%
DD	C	0.06%
LPX	B	0.06%
ECL	D	0.06%
CBRE	B	0.06%
AES	F	0.06%
VMI	B	0.05%
ORI	A	0.05%
ENSG	C	0.05%
CROX	D	0.05%
MSCI	C	0.05%
ZM	C	0.05%
CVS	D	0.05%
TAP	C	0.05%
TSN	B	0.05%
WFRD	D	0.05%
SKX	D	0.05%
JLL	D	0.05%
AJG	A	0.05%
RHI	C	0.05%
PNW	A	0.05%
WBS	A	0.05%
MKTX	D	0.05%
ARW	D	0.05%
CBT	D	0.05%
WTFC	A	0.05%
MTDR	B	0.05%
AAON	B	0.05%
D	C	0.05%
TER	F	0.05%
SNOW	B	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%
WAT	C	0.05%
UFPI	C	0.05%
ZION	B	0.05%
LNTH	D	0.05%
AIT	B	0.05%
GGG	B	0.05%
FYBR	C	0.05%
WST	C	0.05%
HWM	A	0.05%
AME	A	0.05%
AXS	A	0.05%
DOCU	B	0.05%
WSO	A	0.05%
FND	D	0.05%
CRBG	B	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%
EMR	B	0.05%
KEY	B	0.05%
ATR	B	0.05%
AGCO	D	0.04%
ALNY	D	0.04%
RSG	A	0.04%
EVR	B	0.04%
DTM	A	0.04%
AWI	A	0.04%
SSD	F	0.04%
TWLO	A	0.04%
LNT	A	0.04%
STE	D	0.04%
KNX	C	0.04%
FMC	D	0.04%
SNX	D	0.04%
KEX	B	0.04%
NBIX	C	0.04%
ILMN	C	0.04%
HUBB	B	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
XPO	B	0.04%
DINO	D	0.04%
FN	C	0.04%
CMC	B	0.04%
NET	B	0.04%
CRUS	D	0.04%
TYL	B	0.04%
MTG	C	0.04%
OGE	A	0.04%
WCN	A	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	B	0.04%
SOFI	B	0.04%
RRC	B	0.04%
CLH	C	0.04%
JAZZ	B	0.04%
CRS	B	0.04%
FHN	A	0.04%
ANSS	B	0.04%
GAP	C	0.04%
LSTR	D	0.04%
SF	B	0.04%
CBSH	B	0.04%
AYI	B	0.04%
CHX	C	0.04%
CFR	B	0.04%
OMF	A	0.04%
MPWR	F	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%
FAF	A	0.03%
ENLC	A	0.03%
UHAL	D	0.03%
RLI	A	0.03%
GME	C	0.03%
NWSA	A	0.03%
X	B	0.03%
AFRM	A	0.03%
HALO	F	0.03%
BIIB	F	0.03%
OLN	F	0.03%
PEGA	B	0.03%
NYT	D	0.03%
ZS	B	0.03%
CTLT	C	0.03%
AWK	C	0.03%
ZBRA	B	0.03%
MTZ	B	0.03%
MDB	B	0.03%
PODD	C	0.03%
HLNE	B	0.03%
WWD	C	0.03%
EXPO	D	0.03%
NU	C	0.03%
VOYA	B	0.03%
BMRN	F	0.03%
STX	C	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%
RIVN	F	0.03%
ESNT	F	0.03%
MAT	D	0.03%
SEIC	B	0.03%
AA	A	0.03%
PTC	B	0.03%
K	A	0.03%
ALK	B	0.03%
CW	C	0.03%
SSB	B	0.03%
BPOP	C	0.03%
VFC	C	0.03%
TTC	C	0.03%
CIEN	C	0.03%
BAH	F	0.03%
WBD	B	0.03%
CIVI	D	0.03%
AR	B	0.03%
PNFP	B	0.03%
LEA	F	0.03%
CLF	F	0.03%
CVLT	B	0.03%
HRB	D	0.03%
SNV	C	0.03%
ONB	C	0.03%
PCTY	C	0.02%
EXLS	B	0.02%
LNW	F	0.02%
ROIV	C	0.02%
MSA	F	0.02%
BRO	B	0.02%
BC	C	0.02%
INSM	C	0.02%
FRPT	A	0.02%
RBC	A	0.02%
TRU	D	0.02%
PPC	C	0.02%
SWK	D	0.02%
CHH	A	0.02%
OKTA	C	0.02%
ARMK	B	0.02%
FCN	F	0.02%
AZN	F	0.02%
BAX	F	0.02%
MDU	D	0.02%
NVT	B	0.02%
HOMB	A	0.02%
ALSN	B	0.02%
OZK	B	0.02%
FSS	B	0.02%
ROKU	D	0.02%
OLED	F	0.02%
ONTO	F	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	A	0.02%
ARES	A	0.02%
FLR	B	0.02%
GLOB	B	0.02%
JHG	B	0.02%
FE	C	0.02%
OLLI	D	0.02%
Z	A	0.02%
LYV	A	0.02%
MMSI	A	0.02%
MOG.A	B	0.02%
CHE	D	0.02%
FLS	B	0.02%
DOCS	C	0.02%
TOST	B	0.02%
LFUS	D	0.02%
SWX	B	0.02%
ES	C	0.02%
CCK	D	0.02%
FBIN	D	0.02%
MTH	D	0.02%
SN	D	0.02%
EL	F	0.02%
DT	D	0.02%
CNP	A	0.02%
COOP	B	0.02%
CG	B	0.02%
NEM	D	0.02%
ENTG	D	0.02%
OSK	C	0.02%
CSWI	B	0.02%
PINS	F	0.02%
FOX	A	0.02%
M	F	0.02%
HESM	B	0.02%
MGY	A	0.02%
PCVX	D	0.02%
NTRA	A	0.02%
NDAQ	A	0.02%
QLYS	B	0.02%
TW	A	0.02%
IVZ	B	0.02%
SON	F	0.02%
THC	D	0.02%
TMHC	C	0.02%
AMKR	D	0.02%
RVMD	C	0.02%
MASI	B	0.02%
CHDN	B	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
TRMB	B	0.02%
TPX	B	0.02%
ERIE	D	0.02%
ACM	B	0.02%
RPRX	D	0.02%
TFX	F	0.02%
WLK	D	0.02%
NTNX	B	0.02%
NI	A	0.02%
PB	B	0.02%
SATS	D	0.02%
GFS	C	0.01%
SNAP	D	0.01%
LYFT	C	0.01%
HEI	A	0.01%
SEE	C	0.01%
RMBS	B	0.01%
ELF	C	0.01%
FLUT	A	0.01%
H	B	0.01%
PAG	B	0.01%
NEU	D	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%
CFLT	B	0.01%
TNET	F	0.01%
CYTK	F	0.01%
CHWY	B	0.01%
LCID	F	0.01%
AAL	B	0.01%
GTLS	A	0.01%
U	C	0.01%
CWEN	C	0.01%
TDW	F	0.01%
EXAS	D	0.01%
RGEN	D	0.01%
VAL	F	0.01%
NOVT	D	0.01%
VERX	A	0.01%
SUM	B	0.01%
ALTR	B	0.01%
WYNN	C	0.01%
CACC	D	0.01%
PEN	B	0.01%
WTRG	B	0.01%
CPB	D	0.01%
DKNG	B	0.01%
NDSN	B	0.01%
GXO	B	0.01%
HQY	A	0.01%
NXST	C	0.01%
PATH	C	0.01%
AVAV	C	0.01%
NWS	A	0.01%
HXL	F	0.01%
ESAB	C	0.01%
DDS	B	0.01%
BRBR	A	0.01%
PCOR	B	0.01%
NPAB	F	0.01%
ACHC	F	0.01%
PSN	D	0.01%
DLB	B	0.01%
FOUR	A	0.01%
MORN	B	0.01%
HEI	A	0.01%
GTLB	B	0.01%
HSIC	C	0.01%
BROS	A	0.01%
MTN	C	0.01%
MKSI	C	0.01%
KRYS	C	0.01%
AGR	A	0.01%
BILL	A	0.01%
CWAN	B	0.01%
RRR	F	0.01%
LSCC	D	0.01%
ESTC	C	0.01%
UI	B	0.01%
CWST	A	0.01%
SSNC	B	0.01%
DBX	B	0.01%
VRNS	D	0.01%
LKQ	F	0.01%
DUOL	A	0.01%
ATKR	D	0.01%
BSY	F	0.01%
BECN	B	0.01%
VNT	C	0.01%
CACI	D	0.01%
USFD	A	0.01%
APPF	B	0.01%
AVTR	F	0.01%
PARA	C	0.01%
MARA	B	0.01%
BOKF	B	0.01%
OGN	F	0.01%
SJM	D	0.01%
GPN	B	0.01%
RYAN	A	0.01%
SRPT	F	0.01%
RBLX	C	0.01%
BERY	C	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	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	B	0.01%
VVV	D	0.01%
SPSC	D	0.01%
WTS	B	0.01%
BIO	C	0.01%
SMAR	B	0.01%
TTEK	F	0.01%
PLNT	A	0.01%
ZWS	B	0.01%
LNC	C	0.01%
MDGL	B	0.01%
WSC	F	0.01%
GKOS	B	0.01%
PFSI	C	0.01%
SITE	F	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%
WH	B	0.01%
ALB	B	0.01%
LANC	C	0.01%
ITCI	C	0.01%
AUR	C	0.01%
CELH	F	0.01%
S	B	0.01%
CGNX	D	0.01%
NVST	B	0.0%
TPG	A	0.0%
CRSP	D	0.0%
WOLF	F	0.0%
WHR	B	0.0%
RARE	F	0.0%
AGL	F	0.0%
EMBC	C	0.0%
KLG	B	0.0%
HIMS	B	0.0%
SEDG	F	0.0%
COTY	F	0.0%
FG	A	0.0%
CNXC	F	0.0%
FFIN	B	0.0%
IMVT	F	0.0%
DXC	B	0.0%
RNA	C	0.0%
SPB	C	0.0%
TXG	F	0.0%
SIRI	C	0.0%
WBA	F	0.0%
SAM	C	0.0%
UGI	C	0.0%
BRZE	C	0.0%
CRVL	B	0.0%
BBIO	F	0.0%
GBCI	B	0.0%
UHAL	D	0.0%
AGO	B	0.0%
APLS	F	0.0%
IPGP	D	0.0%
INFA	D	0.0%
FNB	A	0.0%
PLUG	F	0.0%
ZI	D	0.0%
ALKS	C	0.0%
FIZZ	C	0.0%
CWEN	C	0.0%
TDC	D	0.0%
RDN	D	0.0%
HCP	B	0.0%
CAR	C	0.0%
EEFT	B	0.0%
HRI	C	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	D	0.0%
NFE	D	0.0%
BIRK	D	0.0%
OWL	A	0.0%
INSP	D	0.0%
ESI	B	0.0%
CRDO	B	0.0%
MMS	F	0.0%
AMG	B	0.0%
COLB	B	0.0%
POST	C	0.0%
ACT	C	0.0%
ETSY	D	0.0%
BFAM	D	0.0%
XRAY	F	0.0%
REYN	D	0.0%
CNA	C	0.0%
NUVL	C	0.0%
DAY	B	0.0%
RDDT	A	0.0%
TMDX	F	0.0%
SAIC	F	0.0%
ALGM	D	0.0%
ZETA	D	0.0%
RBRK	A	0.0%
RH	C	0.0%
SLGN	A	0.0%
TKO	A	0.0%
APG	B	0.0%
BPMC	B	0.0%

AVLC Underweight 17 Positions Relative to VSLU

Symbol	Grade	Weight
AMT	C	-0.26%
SPG	A	-0.19%
PSA	C	-0.08%
CCI	C	-0.08%
GEN	B	-0.05%
DOC	C	-0.04%
CPT	B	-0.02%
EQR	C	-0.02%
UDR	B	-0.02%
MAA	B	-0.02%
HST	C	-0.02%
FRT	B	-0.01%
WY	F	-0.01%
VTR	B	-0.01%
AVB	B	-0.0%
ESS	B	-0.0%
KIM	A	-0.0%