AVLC vs. VYM ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$133.62

Average Daily Volume

791,255

Number of Holdings ^*

529

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	VYM
30 Days	4.71%	3.01%
60 Days	6.29%	4.74%
90 Days	7.72%	6.95%
12 Months	33.08%	30.40%

336 Overlapping Holdings

	Symbol	Grade	Weight in AVLC	Weight in VYM	Overlap
	ABBV	D	0.38%	2.05%	0.38%
	ABT	B	0.2%	1.11%	0.2%
	ADI	D	0.15%	0.63%	0.15%
	ADM	D	0.11%	0.15%	0.11%
	ADP	B	0.36%	0.67%	0.36%
	ADTN	A	0.01%	0.01%	0.01%
	AEE	A	0.08%	0.13%	0.08%
	AEP	D	0.14%	0.3%	0.14%
	AES	F	0.06%	0.07%	0.06%
	AFG	A	0.06%	0.05%	0.05%
	AFL	B	0.19%	0.33%	0.19%
	AGCO	D	0.04%	0.04%	0.04%
	AGO	B	0.0%	0.02%	0.0%
	AGR	B	0.01%	0.01%	0.01%
	AIG	B	0.2%	0.28%	0.2%
	AIZ	A	0.05%	0.06%	0.05%
	AL	B	0.01%	0.03%	0.01%
	ALL	A	0.2%	0.28%	0.2%
	ALLY	C	0.06%	0.05%	0.05%
	ALV	C	0.05%	0.04%	0.04%
	AM	A	0.03%	0.03%	0.03%
	AMGN	D	0.19%	0.97%	0.19%
	AMP	A	0.26%	0.29%	0.26%
	APA	D	0.03%	0.05%	0.03%
	APD	A	0.22%	0.39%	0.22%
	APO	B	0.16%	0.42%	0.16%
	ARES	A	0.02%	0.17%	0.02%
	ATO	A	0.05%	0.12%	0.05%
	AVGO	D	1.11%	4.38%	1.11%
	AWK	D	0.03%	0.15%	0.03%
	AXS	A	0.05%	0.03%	0.03%
	BAC	A	0.42%	1.61%	0.42%
	BAX	D	0.02%	0.1%	0.02%
	BBWI	D	0.01%	0.04%	0.01%
	BBY	D	0.12%	0.11%	0.11%
	BC	C	0.02%	0.03%	0.02%
	BCPC	B	0.01%	0.03%	0.01%
	BEN	C	0.01%	0.03%	0.01%
	BERY	B	0.01%	0.05%	0.01%
	BG	F	0.08%	0.07%	0.07%
	BK	A	0.18%	0.32%	0.18%
	BKR	B	0.18%	0.22%	0.18%
	BLK	C	0.18%	0.82%	0.18%
	BMY	B	0.18%	0.64%	0.18%
	BOKF	B	0.01%	0.01%	0.01%
	BPOP	B	0.03%	0.04%	0.03%
	BX	A	0.11%	0.67%	0.11%
	C	A	0.23%	0.7%	0.23%
	CADE	B	0.02%	0.03%	0.02%
	CAG	D	0.01%	0.08%	0.01%
	CAH	B	0.03%	0.15%	0.03%
	CAT	B	0.52%	1.04%	0.52%
	CB	C	0.22%	0.65%	0.22%
	CBSH	A	0.04%	0.04%	0.04%
	CBT	C	0.05%	0.03%	0.03%
	CE	F	0.01%	0.06%	0.01%
	CF	B	0.09%	0.08%	0.08%
	CFG	B	0.08%	0.11%	0.08%
	CFR	B	0.04%	0.04%	0.04%
	CG	A	0.02%	0.06%	0.02%
	CHRD	D	0.05%	0.04%	0.04%
	CHRW	C	0.03%	0.07%	0.03%
	CI	F	0.07%	0.5%	0.07%
	CINF	A	0.07%	0.12%	0.07%
	CIVI	D	0.03%	0.03%	0.03%
	CL	D	0.18%	0.43%	0.18%
	CLX	B	0.06%	0.09%	0.06%
	CMA	A	0.06%	0.05%	0.05%
	CMCSA	B	0.38%	0.95%	0.38%
	CME	A	0.12%	0.46%	0.12%
	CMI	A	0.21%	0.25%	0.21%
	CMS	C	0.06%	0.12%	0.06%
	CNA	B	0.0%	0.01%	0.0%
	CNP	B	0.02%	0.11%	0.02%
	COLB	A	0.0%	0.03%	0.0%
	COP	C	0.38%	0.73%	0.38%
	CPB	D	0.01%	0.05%	0.01%
	CRBG	B	0.05%	0.05%	0.05%
	CRS	A	0.04%	0.04%	0.04%
	CSCO	B	0.3%	1.26%	0.3%
	CTRA	B	0.1%	0.1%	0.1%
	CVS	D	0.05%	0.4%	0.05%
	CVX	A	0.64%	1.41%	0.64%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	D	C	0.05%	0.28%	0.05%
	DD	D	0.06%	0.2%	0.06%
	DDS	B	0.01%	0.01%	0.01%
	DFS	B	0.08%	0.21%	0.08%
	DGX	A	0.01%	0.1%	0.01%
	DINO	D	0.04%	0.03%	0.03%
	DKS	C	0.08%	0.06%	0.06%
	DOW	F	0.14%	0.2%	0.14%
	DOX	D	0.03%	0.06%	0.03%
	DRI	B	0.1%	0.11%	0.1%
	DTE	C	0.07%	0.15%	0.07%
	DTM	B	0.04%	0.05%	0.04%
	DUK	C	0.16%	0.5%	0.16%
	DVN	F	0.14%	0.14%	0.14%
	EBAY	D	0.14%	0.16%	0.14%
	ED	D	0.08%	0.2%	0.08%
	EG	C	0.08%	0.09%	0.08%
	EIX	B	0.09%	0.18%	0.09%
	EL	F	0.02%	0.09%	0.02%
	EMN	D	0.04%	0.07%	0.04%
	EMR	A	0.05%	0.35%	0.05%
	EOG	A	0.3%	0.4%	0.3%
	EQH	B	0.09%	0.08%	0.08%
	EQT	B	0.11%	0.12%	0.11%
	ES	D	0.02%	0.13%	0.02%
	ESNT	D	0.03%	0.04%	0.03%
	ETN	A	0.14%	0.75%	0.14%
	ETR	B	0.12%	0.19%	0.12%
	EVR	B	0.04%	0.05%	0.04%
	EVRG	A	0.05%	0.08%	0.05%
	EWBC	A	0.08%	0.08%	0.08%
	EXC	C	0.1%	0.22%	0.1%
	F	C	0.2%	0.23%	0.2%
	FAF	A	0.03%	0.04%	0.03%
	FANG	D	0.17%	0.19%	0.17%
	FAST	B	0.2%	0.25%	0.2%
	FDX	B	0.26%	0.35%	0.26%
	FE	C	0.02%	0.14%	0.02%
	FFIN	B	0.0%	0.03%	0.0%
	FG	B	0.0%	0.0%	0.0%
	FHN	A	0.04%	0.05%	0.04%
	FIS	C	0.06%	0.29%	0.06%
	FITB	A	0.14%	0.17%	0.14%
	FLO	D	0.0%	0.02%	0.0%
	FLS	B	0.02%	0.04%	0.02%
	FMC	D	0.04%	0.05%	0.04%
	FNB	A	0.0%	0.03%	0.0%
	FNF	B	0.08%	0.09%	0.08%
	FOX	A	0.02%	0.03%	0.02%
	FOXA	B	0.05%	0.05%	0.05%
	GAP	C	0.04%	0.02%	0.02%
	GBCI	B	0.0%	0.03%	0.0%
	GD	F	0.05%	0.45%	0.05%
	GILD	C	0.35%	0.63%	0.35%
	GIS	D	0.03%	0.22%	0.03%
	GLW	B	0.09%	0.21%	0.09%
	GPC	D	0.06%	0.09%	0.06%
	GRMN	B	0.1%	0.17%	0.1%
	GS	A	0.44%	0.93%	0.44%
	HAL	C	0.13%	0.14%	0.13%
	HAS	D	0.02%	0.05%	0.02%
	HBAN	A	0.11%	0.13%	0.11%
	HD	A	0.58%	2.21%	0.58%
	HIG	B	0.19%	0.18%	0.18%
	HII	D	0.04%	0.04%	0.04%
	HLI	B	0.02%	0.05%	0.02%
	HOMB	A	0.02%	0.03%	0.02%
	HON	B	0.15%	0.76%	0.15%
	HPE	B	0.08%	0.14%	0.08%
	HPQ	B	0.05%	0.2%	0.05%
	HRB	D	0.03%	0.05%	0.03%
	HRL	D	0.02%	0.05%	0.02%
	HSY	F	0.09%	0.15%	0.09%
	HUBB	B	0.04%	0.13%	0.04%
	IBM	C	0.27%	0.98%	0.27%
	IDA	A	0.01%	0.03%	0.01%
	IFF	D	0.06%	0.14%	0.06%
	INGR	B	0.07%	0.05%	0.05%
	IP	B	0.13%	0.11%	0.11%
	IPG	D	0.01%	0.06%	0.01%
	ITW	B	0.12%	0.44%	0.12%
	IVZ	B	0.02%	0.04%	0.02%
	JCI	C	0.04%	0.29%	0.04%
	JEF	A	0.08%	0.06%	0.06%
	JHG	A	0.02%	0.03%	0.02%
	JNJ	D	0.58%	2.19%	0.58%
	JNPR	F	0.02%	0.07%	0.02%
	JPM	A	1.19%	3.61%	1.19%
	JXN	C	0.07%	0.04%	0.04%
	K	A	0.03%	0.12%	0.03%
	KDP	D	0.05%	0.21%	0.05%
	KEY	B	0.05%	0.09%	0.05%
	KHC	F	0.05%	0.17%	0.05%
	KLG	C	0.0%	0.01%	0.0%
	KMB	D	0.14%	0.26%	0.14%
	KMI	A	0.1%	0.27%	0.1%
	KO	D	0.4%	1.44%	0.4%
	KR	B	0.2%	0.21%	0.2%
	LANC	C	0.01%	0.02%	0.01%
	LEA	D	0.03%	0.03%	0.03%
	LHX	C	0.03%	0.27%	0.03%
	LKQ	D	0.01%	0.05%	0.01%
	LMT	D	0.23%	0.66%	0.23%
	LNC	B	0.01%	0.03%	0.01%
	LNT	A	0.04%	0.09%	0.04%
	LOW	D	0.12%	0.85%	0.12%
	LUV	C	0.08%	0.1%	0.08%
	LYB	F	0.11%	0.13%	0.11%
	M	D	0.02%	0.02%	0.02%
	MCD	D	0.16%	1.19%	0.16%
	MCHP	D	0.05%	0.22%	0.05%
	MDLZ	F	0.09%	0.52%	0.09%
	MDT	D	0.12%	0.65%	0.12%
	MDU	D	0.02%	0.03%	0.02%
	MET	A	0.2%	0.26%	0.2%
	MGY	A	0.02%	0.02%	0.02%
	MKC	D	0.01%	0.11%	0.01%
	MMM	D	0.19%	0.4%	0.19%
	MO	A	0.09%	0.53%	0.09%
	MOS	F	0.05%	0.05%	0.05%
	MPC	D	0.22%	0.29%	0.22%
	MRK	F	0.32%	1.47%	0.32%
	MRO	B	0.11%	0.09%	0.09%
	MS	A	0.35%	0.76%	0.35%
	MTB	A	0.12%	0.18%	0.12%
	MTG	C	0.04%	0.04%	0.04%
	MTN	C	0.01%	0.04%	0.01%
	MUR	D	0.03%	0.03%	0.03%
	NEE	D	0.07%	0.92%	0.07%
	NEM	D	0.02%	0.3%	0.02%
	NFE	D	0.0%	0.0%	0.0%
	NFG	A	0.01%	0.03%	0.01%
	NI	A	0.02%	0.09%	0.02%
	NRG	B	0.05%	0.11%	0.05%
	NSC	B	0.22%	0.32%	0.22%
	NTAP	C	0.06%	0.13%	0.06%
	NTRS	A	0.11%	0.11%	0.11%
	NVT	B	0.02%	0.07%	0.02%
	NXPI	D	0.08%	0.34%	0.08%
	NXST	C	0.01%	0.03%	0.01%
	OGE	B	0.04%	0.05%	0.04%
	OGN	D	0.01%	0.03%	0.01%
	OKE	A	0.2%	0.32%	0.2%
	OMC	C	0.02%	0.11%	0.02%
	OMF	A	0.04%	0.03%	0.03%
	ONB	B	0.03%	0.03%	0.03%
	ORI	A	0.05%	0.05%	0.05%
	OSK	B	0.02%	0.04%	0.02%
	OVV	B	0.08%	0.06%	0.06%
	OZK	B	0.02%	0.03%	0.02%
	PAG	B	0.01%	0.02%	0.01%
	PARA	C	0.01%	0.03%	0.01%
	PAYX	C	0.17%	0.25%	0.17%
	PB	A	0.02%	0.04%	0.02%
	PBF	D	0.01%	0.02%	0.01%
	PCAR	B	0.25%	0.3%	0.25%
	PEG	A	0.1%	0.25%	0.1%
	PEP	F	0.27%	1.29%	0.27%
	PFE	D	0.15%	0.91%	0.15%
	PFG	D	0.09%	0.11%	0.09%
	PG	A	0.39%	2.21%	0.39%
	PGR	A	0.46%	0.8%	0.46%
	PKG	A	0.12%	0.11%	0.11%
	PM	B	0.18%	1.17%	0.18%
	PNC	B	0.22%	0.42%	0.22%
	PNW	B	0.05%	0.06%	0.05%
	PPG	F	0.05%	0.16%	0.05%
	PPL	B	0.07%	0.14%	0.07%
	PR	B	0.06%	0.05%	0.05%
	PRU	A	0.18%	0.25%	0.18%
	PSX	C	0.19%	0.29%	0.19%
	QCOM	F	0.48%	1.03%	0.48%
	R	B	0.05%	0.04%	0.04%
	RDN	C	0.0%	0.03%	0.0%
	REYN	D	0.0%	0.01%	0.0%
	RF	A	0.08%	0.12%	0.08%
	RGA	A	0.08%	0.08%	0.08%
	RHI	B	0.05%	0.04%	0.04%
	RL	B	0.05%	0.05%	0.05%
	RLI	B	0.03%	0.04%	0.03%
	ROK	B	0.04%	0.17%	0.04%
	RPM	A	0.1%	0.09%	0.09%
	RPRX	D	0.02%	0.06%	0.02%
	RRC	B	0.04%	0.04%	0.04%
	RRR	D	0.01%	0.01%	0.01%
	RS	B	0.07%	0.09%	0.07%
	RTX	C	0.16%	0.91%	0.16%
	SBUX	A	0.09%	0.63%	0.09%
	SEE	C	0.01%	0.03%	0.01%
	SF	B	0.04%	0.06%	0.04%
	SIRI	C	0.0%	0.04%	0.0%
	SJM	D	0.01%	0.07%	0.01%
	SLB	C	0.09%	0.32%	0.09%
	SNA	A	0.08%	0.1%	0.08%
	SNV	B	0.03%	0.04%	0.03%
	SO	D	0.13%	0.57%	0.13%
	SON	D	0.02%	0.03%	0.02%
	SPB	C	0.0%	0.01%	0.0%
	SRE	A	0.07%	0.3%	0.07%
	SSB	B	0.03%	0.04%	0.03%
	STT	A	0.1%	0.16%	0.1%
	STX	D	0.03%	0.11%	0.03%
	SWK	D	0.02%	0.08%	0.02%
	SWKS	F	0.07%	0.08%	0.07%
	SWX	B	0.02%	0.03%	0.02%
	SYF	B	0.15%	0.12%	0.12%
	SYY	B	0.07%	0.21%	0.07%
	T	A	0.42%	0.92%	0.42%
	TAP	C	0.05%	0.05%	0.05%
	TFC	A	0.19%	0.33%	0.19%
	TGT	F	0.29%	0.39%	0.29%
	TPG	A	0.0%	0.03%	0.0%
	TPR	B	0.08%	0.06%	0.06%
	TRGP	B	0.27%	0.21%	0.21%
	TROW	B	0.1%	0.14%	0.1%
	TRV	B	0.26%	0.32%	0.26%
	TSN	B	0.05%	0.09%	0.05%
	TXN	C	0.26%	1.05%	0.26%
	UGI	A	0.0%	0.03%	0.0%
	UI	A	0.01%	0.01%	0.01%
	UNM	A	0.06%	0.07%	0.06%
	UNP	C	0.47%	0.8%	0.47%
	UPS	C	0.19%	0.55%	0.19%
	USB	A	0.23%	0.37%	0.23%
	VFC	C	0.03%	0.04%	0.03%
	VLO	C	0.17%	0.23%	0.17%
	VOYA	B	0.03%	0.05%	0.03%
	VST	B	0.13%	0.24%	0.13%
	VTRS	A	0.09%	0.08%	0.08%
	VZ	C	0.45%	1.01%	0.45%
	WAL	B	0.06%	0.05%	0.05%
	WBA	F	0.0%	0.04%	0.0%
	WBS	A	0.05%	0.05%	0.05%
	WEC	A	0.04%	0.17%	0.04%
	WFC	A	0.55%	1.29%	0.55%
	WH	B	0.01%	0.04%	0.01%
	WHR	B	0.0%	0.03%	0.0%
	WM	A	0.13%	0.49%	0.13%
	WMB	A	0.29%	0.36%	0.29%
	WMT	A	0.64%	2.02%	0.64%
	WRB	A	0.07%	0.1%	0.07%
	WSM	B	0.11%	0.1%	0.1%
	WSO	A	0.05%	0.09%	0.05%
	WTRG	B	0.01%	0.06%	0.01%
	XEL	A	0.11%	0.21%	0.11%
	XOM	B	1.04%	2.97%	1.04%
	XP	F	0.01%	0.04%	0.01%
	YUM	B	0.04%	0.21%	0.04%
	ZION	B	0.05%	0.04%	0.04%

AVLC Overweight 642 Positions Relative to VYM

	Symbol	Grade	Weight
	AAPL	C	5.24%
	NVDA	C	4.82%
	MSFT	F	4.39%
	AMZN	C	3.03%
	META	D	2.26%
	GOOGL	C	1.57%
	GOOG	C	1.3%
	COST	B	0.94%
	LLY	F	0.79%
	TSLA	B	0.78%
	BRK.A	B	0.67%
	MA	C	0.66%
	V	A	0.59%
	NFLX	A	0.48%
	CRM	B	0.44%
	TJX	A	0.44%
	ORCL	B	0.42%
	AXP	A	0.4%
	MELI	D	0.39%
	AMAT	F	0.36%
	UNH	C	0.36%
	LRCX	F	0.34%
	ADBE	C	0.33%
	ACN	C	0.32%
	PYPL	B	0.32%
	GM	B	0.31%
	TMUS	B	0.31%
	AMD	F	0.31%
	NOW	A	0.3%
	DE	A	0.3%
	RCL	A	0.28%
	INTU	C	0.27%
	CSX	B	0.26%
	VRTX	F	0.25%
	MSI	B	0.23%
	COF	B	0.23%
	FTNT	C	0.23%
	GWW	B	0.23%
	LNG	B	0.23%
	DAL	C	0.23%
	CMG	B	0.23%
	KLAC	D	0.21%
	LIN	D	0.21%
	SCHW	B	0.21%
	ROST	C	0.21%
	GE	D	0.2%
	ZTS	D	0.2%
	URI	B	0.2%
	PANW	C	0.19%
	HES	B	0.19%
	UAL	A	0.19%
	PLTR	B	0.18%
	ISRG	A	0.18%
	DIS	B	0.18%
	FCX	D	0.18%
	TSCO	D	0.17%
	NKE	D	0.17%
	LEN	D	0.17%
	MU	D	0.17%
	NUE	C	0.16%
	INTC	D	0.16%
	DECK	A	0.16%
	APP	B	0.16%
	ACGL	D	0.15%
	OXY	D	0.15%
	TMO	F	0.15%
	KKR	A	0.15%
	LULU	C	0.15%
	ANET	C	0.15%
	REGN	F	0.14%
	SHW	A	0.14%
	TT	A	0.14%
	MLM	B	0.14%
	EME	C	0.14%
	ODFL	B	0.14%
	CTSH	B	0.13%
	VRT	B	0.13%
	CCL	B	0.13%
	DHR	F	0.13%
	BKNG	A	0.13%
	CSL	C	0.13%
	ELV	F	0.13%
	TPL	A	0.13%
	PCG	A	0.13%
	GEV	B	0.13%
	SYK	C	0.12%
	SNPS	B	0.12%
	CDNS	B	0.12%
	CTAS	B	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%
	BSX	B	0.12%
	ON	D	0.12%
	VRSK	A	0.12%
	APH	A	0.12%
	ULTA	F	0.11%
	MRVL	B	0.11%
	OC	A	0.11%
	IDXX	F	0.11%
	CRWD	B	0.11%
	RJF	A	0.11%
	BURL	A	0.11%
	CEG	D	0.11%
	CPRT	A	0.1%
	AON	A	0.1%
	FLEX	A	0.1%
	SW	A	0.1%
	LPLA	A	0.1%
	UTHR	C	0.1%
	FIX	A	0.1%
	JBL	B	0.1%
	NVR	D	0.1%
	MCO	B	0.1%
	FSLR	F	0.1%
	MSTR	C	0.09%
	LVS	C	0.09%
	CVNA	B	0.09%
	SPGI	C	0.09%
	EXPD	D	0.09%
	ROP	B	0.09%
	MMC	B	0.09%
	COR	B	0.09%
	IT	C	0.09%
	PH	A	0.09%
	PWR	A	0.09%
	UBER	D	0.09%
	ADSK	A	0.09%
	TXRH	C	0.09%
	LII	A	0.09%
	CNC	D	0.08%
	EW	C	0.08%
	JBHT	C	0.08%
	GDDY	A	0.08%
	BJ	A	0.08%
	FICO	B	0.08%
	CTVA	C	0.08%
	WDAY	B	0.08%
	COIN	C	0.08%
	FTI	A	0.08%
	CASY	A	0.08%
	NCLH	B	0.08%
	SQ	B	0.07%
	ICE	C	0.07%
	L	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%
	DLTR	F	0.07%
	ABNB	C	0.07%
	MLI	C	0.07%
	SPOT	B	0.07%
	TOL	B	0.07%
	RMD	C	0.07%
	POOL	C	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%
	VLTO	D	0.06%
	COKE	C	0.06%
	KVUE	A	0.06%
	UHS	D	0.06%
	LECO	B	0.06%
	ATI	D	0.06%
	GL	B	0.06%
	BA	F	0.06%
	WMS	D	0.06%
	CARR	D	0.06%
	MANH	D	0.06%
	GNRC	B	0.06%
	GPK	C	0.06%
	A	D	0.06%
	BWXT	B	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%
	KEYS	A	0.06%
	LPX	B	0.06%
	ECL	D	0.06%
	CBRE	B	0.06%
	BALL	D	0.06%
	VMI	B	0.05%
	ENSG	D	0.05%
	AZO	C	0.05%
	CROX	D	0.05%
	NOC	D	0.05%
	MSCI	C	0.05%
	ZM	B	0.05%
	WFRD	D	0.05%
	SKX	D	0.05%
	JLL	D	0.05%
	DXCM	D	0.05%
	AJG	B	0.05%
	MKTX	D	0.05%
	ZBH	C	0.05%
	ARW	D	0.05%
	HUM	C	0.05%
	WTFC	A	0.05%
	VMC	B	0.05%
	CHD	B	0.05%
	MTDR	B	0.05%
	AAON	B	0.05%
	TER	D	0.05%
	SNOW	C	0.05%
	CDW	F	0.05%
	KMX	B	0.05%
	BWA	D	0.05%
	AXON	A	0.05%
	HUBS	A	0.05%
	DDOG	A	0.05%
	TXT	D	0.05%
	VEEV	C	0.05%
	STZ	D	0.05%
	WAT	B	0.05%
	UFPI	B	0.05%
	IR	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%
	DOCU	A	0.05%
	FND	C	0.05%
	BDX	F	0.05%
	TEAM	A	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%
	ATR	B	0.05%
	ALNY	D	0.04%
	RSG	A	0.04%
	AWI	A	0.04%
	SSD	D	0.04%
	TWLO	A	0.04%
	STE	F	0.04%
	KNX	B	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%
	XYL	D	0.04%
	IQV	D	0.04%
	FN	D	0.04%
	LH	C	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%
	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%
	AXTA	A	0.04%
	SOFI	A	0.04%
	CLH	B	0.04%
	BR	A	0.04%
	JKHY	D	0.04%
	JAZZ	B	0.04%
	WAB	B	0.04%
	ANSS	B	0.04%
	LSTR	D	0.04%
	EPAM	C	0.04%
	FDS	B	0.04%
	AYI	B	0.04%
	CHX	C	0.04%
	EXPE	B	0.04%
	MPWR	F	0.04%
	MHK	D	0.04%
	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%
	IEX	B	0.03%
	ENLC	A	0.03%
	UHAL	D	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%
	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%
	BMRN	D	0.03%
	CBOE	B	0.03%
	MTD	D	0.03%
	WDC	D	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%
	MAT	D	0.03%
	SEIC	B	0.03%
	AA	B	0.03%
	DOV	A	0.03%
	PTC	A	0.03%
	ALK	C	0.03%
	CW	B	0.03%
	TTC	D	0.03%
	TDY	B	0.03%
	CIEN	B	0.03%
	BAH	F	0.03%
	WBD	C	0.03%
	AR	B	0.03%
	MNST	C	0.03%
	PNFP	B	0.03%
	CLF	F	0.03%
	CVLT	B	0.03%
	AVY	D	0.03%
	AOS	F	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%
	INSM	C	0.02%
	FRPT	B	0.02%
	MAS	D	0.02%
	RBC	A	0.02%
	TRU	D	0.02%
	PPC	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%
	ALSN	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%
	SIGI	C	0.02%
	DAR	C	0.02%
	BRKR	D	0.02%
	BMI	B	0.02%
	FLR	B	0.02%
	GLOB	B	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%
	DOCS	C	0.02%
	TOST	B	0.02%
	LFUS	F	0.02%
	TECH	D	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%
	DT	C	0.02%
	COOP	B	0.02%
	ENTG	D	0.02%
	CSWI	A	0.02%
	PINS	D	0.02%
	HESM	B	0.02%
	PCVX	D	0.02%
	NTRA	B	0.02%
	NDAQ	A	0.02%
	QLYS	C	0.02%
	TW	A	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%
	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%
	SATS	D	0.02%
	GFS	C	0.01%
	SNAP	C	0.01%
	LYFT	C	0.01%
	HEI	B	0.01%
	RMBS	C	0.01%
	ELF	C	0.01%
	FLUT	A	0.01%
	H	B	0.01%
	NEU	C	0.01%
	SMMT	D	0.01%
	IONS	F	0.01%
	PI	D	0.01%
	RRX	B	0.01%
	ZG	A	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%
	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%
	DKNG	B	0.01%
	NDSN	B	0.01%
	GXO	B	0.01%
	HQY	B	0.01%
	PATH	C	0.01%
	AVAV	D	0.01%
	NWS	B	0.01%
	HXL	D	0.01%
	ESAB	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%
	SOLV	C	0.01%
	MKSI	C	0.01%
	KRYS	B	0.01%
	BILL	A	0.01%
	CWAN	B	0.01%
	LSCC	D	0.01%
	ESTC	C	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%
	MARA	C	0.01%
	GPN	B	0.01%
	J	F	0.01%
	RYAN	B	0.01%
	SRPT	D	0.01%
	RBLX	C	0.01%
	MTSI	B	0.01%
	KBR	F	0.01%
	LEVI	F	0.01%
	WEX	D	0.01%
	CRL	C	0.01%
	MGM	D	0.01%
	AZEK	A	0.01%
	MIDD	C	0.01%
	ENPH	F	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%
	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%
	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%
	ALB	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%
	CRSP	D	0.0%
	WOLF	F	0.0%
	RARE	D	0.0%
	AGL	F	0.0%
	EMBC	C	0.0%
	HIMS	B	0.0%
	SEDG	F	0.0%
	COTY	F	0.0%
	CNXC	F	0.0%
	IMVT	F	0.0%
	DXC	B	0.0%
	RNA	D	0.0%
	TXG	F	0.0%
	SAM	C	0.0%
	BRZE	C	0.0%
	CRVL	A	0.0%
	BBIO	F	0.0%
	UHAL	D	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%
	TDC	D	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%
	ALIT	C	0.0%
	FRHC	B	0.0%
	ST	F	0.0%
	LBRDA	C	0.0%
	OPCH	D	0.0%
	W	F	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%
	POST	C	0.0%
	ACT	D	0.0%
	ETSY	D	0.0%
	BFAM	D	0.0%
	XRAY	F	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 195 Positions Relative to VYM

	Symbol	Grade	Weight
	CCEP	C	-0.09%
	GEN	B	-0.09%
	BAP	B	-0.07%
	CNH	C	-0.06%
	SCCO	F	-0.05%
	ACI	C	-0.04%
	HWC	B	-0.03%
	NJR	A	-0.03%
	MC	C	-0.03%
	SLM	A	-0.03%
	KTB	B	-0.03%
	POR	C	-0.03%
	AVT	C	-0.03%
	PIPR	B	-0.03%
	GATX	A	-0.03%
	UMBF	B	-0.03%
	UBSI	B	-0.03%
	THG	A	-0.03%
	CXT	B	-0.02%
	VAC	B	-0.02%
	CC	C	-0.02%
	CNS	B	-0.02%
	STNG	F	-0.02%
	LCII	C	-0.02%
	APAM	B	-0.02%
	MGRC	B	-0.02%
	TRN	C	-0.02%
	TGNA	B	-0.02%
	BOH	B	-0.02%
	NSP	D	-0.02%
	SFNC	B	-0.02%
	AVA	A	-0.02%
	TDS	B	-0.02%
	PTEN	C	-0.02%
	CWT	D	-0.02%
	MAN	D	-0.02%
	SLVM	B	-0.02%
	AWR	B	-0.02%
	FBP	B	-0.02%
	EBC	B	-0.02%
	SXT	B	-0.02%
	FHB	A	-0.02%
	CATY	B	-0.02%
	TNL	A	-0.02%
	CBU	B	-0.02%
	YOU	D	-0.02%
	OTTR	C	-0.02%
	HP	B	-0.02%
	SHOO	D	-0.02%
	NWE	B	-0.02%
	FULT	A	-0.02%
	MGEE	C	-0.02%
	IBOC	A	-0.02%
	WEN	D	-0.02%
	AROC	B	-0.02%
	ABM	B	-0.02%
	BTU	B	-0.02%
	AUB	B	-0.02%
	UCB	A	-0.02%
	IRDM	D	-0.02%
	SEM	B	-0.02%
	PRGO	B	-0.02%
	CCOI	B	-0.02%
	WD	D	-0.02%
	ASB	B	-0.02%
	GLNG	C	-0.02%
	CALM	A	-0.02%
	NOG	A	-0.02%
	CRC	B	-0.02%
	PII	D	-0.02%
	CNO	A	-0.02%
	DNB	B	-0.02%
	SR	A	-0.02%
	HUN	F	-0.02%
	KFY	B	-0.02%
	MSM	C	-0.02%
	WU	D	-0.02%
	NWL	B	-0.02%
	ALE	A	-0.02%
	SMG	D	-0.02%
	KMPR	B	-0.02%
	HOG	D	-0.02%
	PNM	F	-0.02%
	OGS	A	-0.02%
	BKH	A	-0.02%
	VLY	B	-0.02%
	AVNT	B	-0.02%
	SFBS	B	-0.02%
	XRX	F	-0.01%
	JACK	D	-0.01%
	DK	C	-0.01%
	DAN	D	-0.01%
	WMK	C	-0.01%
	CBRL	C	-0.01%
	OXM	D	-0.01%
	FDP	B	-0.01%
	SRCE	B	-0.01%
	SCS	C	-0.01%
	NAVI	C	-0.01%
	SAFT	C	-0.01%
	BHLB	B	-0.01%
	KALU	C	-0.01%
	KW	B	-0.01%
	UVV	B	-0.01%
	WOR	F	-0.01%
	EIG	B	-0.01%
	SFL	D	-0.01%
	BKE	B	-0.01%
	BLMN	F	-0.01%
	WABC	B	-0.01%
	CSGS	B	-0.01%
	HOPE	B	-0.01%
	HTH	B	-0.01%
	WT	B	-0.01%
	STBA	B	-0.01%
	TROX	D	-0.01%
	VRTS	B	-0.01%
	SASR	B	-0.01%
	AY	B	-0.01%
	NWN	A	-0.01%
	HMN	B	-0.01%
	BHE	B	-0.01%
	WKC	D	-0.01%
	UPBD	B	-0.01%
	MLKN	D	-0.01%
	WGO	C	-0.01%
	GEF	A	-0.01%
	LEG	F	-0.01%
	LZB	B	-0.01%
	SYBT	B	-0.01%
	APOG	B	-0.01%
	FCF	A	-0.01%
	PDCO	D	-0.01%
	HEES	B	-0.01%
	TNC	D	-0.01%
	NWBI	B	-0.01%
	NTB	B	-0.01%
	CHCO	B	-0.01%
	PZZA	D	-0.01%
	WLY	B	-0.01%
	MCY	A	-0.01%
	WSBC	A	-0.01%
	GBX	A	-0.01%
	SJW	D	-0.01%
	SBLK	F	-0.01%
	STRA	C	-0.01%
	HI	C	-0.01%
	CABO	C	-0.01%
	CRI	D	-0.01%
	KMT	B	-0.01%
	PHIN	A	-0.01%
	NMRK	B	-0.01%
	NBTB	B	-0.01%
	KSS	F	-0.01%
	TRMK	B	-0.01%
	IBTX	B	-0.01%
	RNST	B	-0.01%
	PINC	B	-0.01%
	AAP	C	-0.01%
	VSH	D	-0.01%
	B	B	-0.01%
	FRME	B	-0.01%
	BANR	B	-0.01%
	BANF	B	-0.01%
	CAKE	C	-0.01%
	SBCF	A	-0.01%
	TOWN	B	-0.01%
	JWN	C	-0.01%
	WAFD	B	-0.01%
	ENR	B	-0.01%
	HNI	B	-0.01%
	IGT	F	-0.01%
	PFS	B	-0.01%
	NOMD	D	-0.01%
	FFBC	A	-0.01%
	FIBK	A	-0.01%
	PPBI	B	-0.01%
	BFH	B	-0.01%
	PRK	B	-0.01%
	HTLF	B	-0.01%
	JJSF	B	-0.01%
	VIRT	B	-0.01%
	CVBF	A	-0.01%
	ARCH	B	-0.01%
	BKU	A	-0.01%
	CPK	A	-0.01%
	INDB	B	-0.01%
	GES	F	-0.0%
	CVI	F	-0.0%
	RBCAA	B	-0.0%
	SCHL	D	-0.0%
	TFSL	A	-0.0%
	SSTK	F	-0.0%
	DLX	B	-0.0%
	MATV	D	-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

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Utilities - Regulated Electric Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Specialty Chemicals Insurance - Life Oil & Gas Refining & Marketing Semiconductors Capital Markets Chemicals Credit Services Drug Manufacturers - Major Insurance - Diversified Packaging & Containers

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Insurance Products Mining Chemical Commercial Bank Life Insurance Trust Services Cash Management Electronics