AVMC vs. IWS ETF Comparison

Comparison of Avantis U.S. Mid Cap Equity ETF (AVMC) to iShares Russell Mid-cap Value ETF (IWS)

AVMC

Avantis U.S. Mid Cap Equity ETF

AVMC Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$64.14

Average Daily Volume

14,395

Number of Holdings ^*

517

* may have additional holdings in another (foreign) market

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$130.48

Average Daily Volume

271,706

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

Performance

Period	AVMC	IWS
30 Days	0.52%	-0.74%
60 Days	1.93%	0.50%
90 Days	8.12%	5.80%
12 Months		32.89%

421 Overlapping Holdings

Symbol	Grade	Weight in AVMC	Weight in IWS	Overlap
A	F	0.34%	0.43%	0.34%
AA	B	0.08%	0.12%	0.08%
ACGL	D	0.62%	0.43%	0.43%
ACM	A	0.19%	0.16%	0.16%
ADM	F	0.18%	0.3%	0.18%
AEE	B	0.19%	0.26%	0.19%
AES	F	0.1%	0.13%	0.1%
AFG	D	0.16%	0.11%	0.11%
AFRM	A	0.15%	0.11%	0.11%
AGCO	C	0.11%	0.07%	0.07%
AGR	C	0.01%	0.03%	0.01%
AIZ	D	0.16%	0.11%	0.11%
AKAM	C	0.28%	0.17%	0.17%
ALB	C	0.18%	0.12%	0.12%
ALGN	F	0.23%	0.08%	0.08%
ALLE	C	0.2%	0.14%	0.14%
ALLY	D	0.18%	0.09%	0.09%
ALSN	A	0.15%	0.1%	0.1%
AM	C	0.09%	0.03%	0.03%
AMCR	B	0.21%	0.18%	0.18%
AMG	A	0.09%	0.07%	0.07%
AMKR	F	0.06%	0.04%	0.04%
AN	F	0.09%	0.05%	0.05%
AOS	F	0.16%	0.1%	0.1%
APA	F	0.14%	0.1%	0.1%
APG	C	0.1%	0.09%	0.09%
APTV	F	0.29%	0.21%	0.21%
AR	F	0.15%	0.09%	0.09%
ARMK	B	0.13%	0.11%	0.11%
ARW	D	0.12%	0.08%	0.08%
ATI	F	0.14%	0.09%	0.09%
ATO	B	0.29%	0.24%	0.24%
ATR	A	0.18%	0.12%	0.12%
AVY	D	0.26%	0.11%	0.11%
AWK	D	0.25%	0.3%	0.25%
AXS	C	0.12%	0.07%	0.07%
AXTA	A	0.11%	0.09%	0.09%
AYI	B	0.16%	0.1%	0.1%
BALL	F	0.28%	0.22%	0.22%
BAX	F	0.17%	0.21%	0.17%
BBY	D	0.32%	0.23%	0.23%
BC	D	0.09%	0.06%	0.06%
BEN	B	0.09%	0.06%	0.06%
BERY	A	0.11%	0.09%	0.09%
BFAM	C	0.08%	0.07%	0.07%
BIIB	F	0.34%	0.3%	0.3%
BILL	A	0.09%	0.05%	0.05%
BIO	A	0.08%	0.07%	0.07%
BJ	B	0.18%	0.13%	0.13%
BLD	F	0.17%	0.12%	0.12%
BLDR	F	0.36%	0.22%	0.22%
BMRN	F	0.18%	0.15%	0.15%
BOKF	B	0.04%	0.03%	0.03%
BPOP	F	0.11%	0.06%	0.06%
BR	C	0.38%	0.03%	0.03%
BRKR	F	0.06%	0.03%	0.03%
BRO	B	0.27%	0.16%	0.16%
BWA	C	0.14%	0.09%	0.09%
BWXT	B	0.19%	0.1%	0.1%
BYD	A	0.06%	0.05%	0.05%
CACC	F	0.04%	0.01%	0.01%
CASY	A	0.27%	0.13%	0.13%
CBOE	A	0.33%	0.25%	0.25%
CBRE	A	0.47%	0.46%	0.46%
CBSH	A	0.11%	0.08%	0.08%
CCK	B	0.17%	0.12%	0.12%
CCL	A	0.48%	0.23%	0.23%
CDW	F	0.5%	0.16%	0.16%
CF	D	0.3%	0.17%	0.17%
CFG	A	0.3%	0.21%	0.21%
CFR	A	0.12%	0.08%	0.08%
CG	B	0.19%	0.12%	0.12%
CGNX	B	0.08%	0.07%	0.07%
CHD	D	0.37%	0.28%	0.28%
CHE	F	0.13%	0.09%	0.09%
CHH	A	0.06%	0.01%	0.01%
CHRD	F	0.11%	0.09%	0.09%
CHRW	C	0.14%	0.14%	0.14%
CIEN	B	0.14%	0.11%	0.11%
CINF	B	0.33%	0.24%	0.24%
CIVI	F	0.1%	0.04%	0.04%
CLF	C	0.12%	0.05%	0.05%
CLH	C	0.24%	0.15%	0.15%
CLVT	D	0.03%	0.03%	0.03%
CMA	A	0.16%	0.09%	0.09%
CMI	B	0.58%	0.51%	0.51%
CMS	C	0.19%	0.24%	0.19%
CNA	D	0.02%	0.01%	0.01%
CNC	F	0.14%	0.36%	0.14%
CNM	D	0.08%	0.03%	0.03%
CNP	B	0.09%	0.21%	0.09%
CNXC	F	0.0%	0.02%	0.0%
COHR	B	0.18%	0.14%	0.14%
COIN	D	0.45%	0.07%	0.07%
COKE	D	0.09%	0.09%	0.09%
COLB	A	0.03%	0.07%	0.03%
COLM	C	0.04%	0.03%	0.03%
CPB	D	0.08%	0.1%	0.08%
CR	A	0.1%	0.08%	0.08%
CROX	F	0.09%	0.07%	0.07%
CSGP	F	0.41%	0.33%	0.33%
CSL	C	0.42%	0.2%	0.2%
CTLT	D	0.14%	0.12%	0.12%
CTRA	B	0.33%	0.2%	0.2%
CTSH	D	0.12%	0.42%	0.12%
CTVA	A	0.16%	0.48%	0.16%
CWEN	B	0.02%	0.02%	0.02%
CWEN	B	0.02%	0.01%	0.01%
CWEN	B	0.01%	0.02%	0.01%
CWEN	B	0.01%	0.01%	0.01%
CZR	C	0.12%	0.1%	0.1%
DAL	A	0.54%	0.39%	0.39%
DAR	B	0.07%	0.07%	0.07%
DCI	B	0.15%	0.1%	0.1%
DD	D	0.49%	0.39%	0.39%
DDS	C	0.03%	0.01%	0.01%
DFS	B	0.59%	0.4%	0.4%
DG	F	0.14%	0.2%	0.14%
DINO	F	0.14%	0.08%	0.08%
DKS	F	0.13%	0.12%	0.12%
DLB	C	0.07%	0.05%	0.05%
DLTR	F	0.12%	0.15%	0.12%
DOV	B	0.38%	0.28%	0.28%
DOW	F	0.39%	0.4%	0.39%
DRI	C	0.31%	0.1%	0.1%
DTE	C	0.22%	0.3%	0.22%
DTM	A	0.15%	0.1%	0.1%
DVN	F	0.48%	0.28%	0.28%
EA	A	0.46%	0.43%	0.43%
EBAY	D	0.29%	0.36%	0.29%
ED	C	0.35%	0.41%	0.35%
EFX	D	0.39%	0.3%	0.3%
EG	F	0.26%	0.16%	0.16%
EHC	A	0.14%	0.1%	0.1%
EIX	D	0.11%	0.36%	0.11%
ELAN	D	0.09%	0.07%	0.07%
EME	A	0.41%	0.14%	0.14%
EMN	C	0.23%	0.14%	0.14%
EPAM	F	0.14%	0.11%	0.11%
EQT	B	0.31%	0.23%	0.23%
ES	D	0.13%	0.26%	0.13%
ESAB	A	0.08%	0.07%	0.07%
ETR	A	0.33%	0.33%	0.33%
EVR	B	0.19%	0.11%	0.11%
EVRG	C	0.13%	0.15%	0.13%
EWBC	A	0.23%	0.15%	0.15%
EXC	C	0.09%	0.46%	0.09%
EXEL	A	0.13%	0.02%	0.02%
EXP	B	0.18%	0.03%	0.03%
EXPD	D	0.32%	0.16%	0.16%
FAF	D	0.1%	0.07%	0.07%
FANG	F	0.12%	0.38%	0.12%
FBIN	C	0.17%	0.12%	0.12%
FCNCA	C	0.47%	0.25%	0.25%
FDS	B	0.28%	0.13%	0.13%
FE	D	0.14%	0.28%	0.14%
FFIV	A	0.2%	0.14%	0.14%
FHN	A	0.09%	0.11%	0.09%
FIS	A	0.57%	0.57%	0.57%
FITB	B	0.51%	0.34%	0.34%
FLO	F	0.04%	0.05%	0.04%
FLS	B	0.1%	0.08%	0.08%
FMC	B	0.06%	0.09%	0.06%
FND	F	0.16%	0.08%	0.08%
FNF	B	0.25%	0.18%	0.18%
FOX	A	0.09%	0.06%	0.06%
FOXA	A	0.2%	0.11%	0.11%
FRPT	D	0.04%	0.05%	0.04%
FSLR	F	0.28%	0.23%	0.23%
FTI	B	0.24%	0.12%	0.12%
FYBR	B	0.08%	0.1%	0.08%
G	D	0.08%	0.08%	0.08%
GAP	D	0.09%	0.05%	0.05%
GEHC	D	0.43%	0.4%	0.4%
GFS	F	0.05%	0.04%	0.04%
GGG	F	0.24%	0.15%	0.15%
GIS	D	0.24%	0.43%	0.24%
GL	C	0.17%	0.11%	0.11%
GLW	A	0.63%	0.4%	0.4%
GME	C	0.13%	0.09%	0.09%
GMED	B	0.12%	0.09%	0.09%
GNRC	B	0.13%	0.06%	0.06%
GNTX	C	0.11%	0.08%	0.08%
GPC	F	0.18%	0.18%	0.18%
GPK	C	0.13%	0.1%	0.1%
GRMN	B	0.39%	0.28%	0.28%
GWRE	B	0.2%	0.09%	0.09%
H	D	0.07%	0.06%	0.06%
HAS	D	0.13%	0.01%	0.01%
HBAN	A	0.38%	0.25%	0.25%
HIG	C	0.67%	0.39%	0.39%
HII	F	0.14%	0.11%	0.11%
HOLX	C	0.2%	0.21%	0.2%
HPE	B	0.43%	0.28%	0.28%
HRB	D	0.16%	0.08%	0.08%
HRL	F	0.12%	0.1%	0.1%
HSY	F	0.17%	0.26%	0.17%
HUBB	B	0.38%	0.27%	0.27%
HWM	B	0.52%	0.43%	0.43%
HXL	F	0.07%	0.06%	0.06%
IDA	A	0.04%	0.06%	0.04%
IEX	A	0.21%	0.17%	0.17%
IFF	D	0.2%	0.29%	0.2%
ILMN	B	0.15%	0.25%	0.15%
INCY	A	0.15%	0.11%	0.11%
INGR	C	0.13%	0.1%	0.1%
IP	A	0.27%	0.19%	0.19%
IPG	F	0.11%	0.13%	0.11%
IR	B	0.5%	0.43%	0.43%
ITT	C	0.2%	0.13%	0.13%
IVZ	B	0.09%	0.07%	0.07%
J	D	0.2%	0.2%	0.2%
JAZZ	D	0.12%	0.08%	0.08%
JBHT	A	0.25%	0.16%	0.16%
JBL	B	0.35%	0.14%	0.14%
JEF	B	0.16%	0.09%	0.09%
JKHY	B	0.21%	0.15%	0.15%
JLL	A	0.16%	0.1%	0.1%
JNPR	A	0.09%	0.14%	0.09%
K	A	0.33%	0.24%	0.24%
KBR	B	0.13%	0.09%	0.09%
KEX	C	0.12%	0.08%	0.08%
KEY	B	0.27%	0.18%	0.18%
KEYS	C	0.4%	0.3%	0.3%
KMX	F	0.2%	0.12%	0.12%
KNX	C	0.1%	0.09%	0.09%
KR	B	0.13%	0.42%	0.13%
KVUE	A	0.22%	0.49%	0.22%
L	C	0.24%	0.16%	0.16%
LAD	A	0.16%	0.1%	0.1%
LBRDA	A	0.02%	0.01%	0.01%
LBRDK	A	0.14%	0.08%	0.08%
LCID	F	0.02%	0.03%	0.02%
LDOS	A	0.29%	0.25%	0.25%
LEA	F	0.11%	0.06%	0.06%
LECO	C	0.18%	0.09%	0.09%
LFUS	D	0.1%	0.07%	0.07%
LH	A	0.25%	0.22%	0.22%
LKQ	F	0.01%	0.11%	0.01%
LNT	B	0.14%	0.18%	0.14%
LSCC	C	0.11%	0.01%	0.01%
LSTR	D	0.11%	0.07%	0.07%
LUV	A	0.27%	0.19%	0.19%
LW	B	0.12%	0.09%	0.09%
LYB	F	0.41%	0.26%	0.26%
MAS	C	0.12%	0.2%	0.12%
MAT	A	0.11%	0.07%	0.07%
MGM	D	0.03%	0.11%	0.03%
MHK	D	0.09%	0.09%	0.09%
MKC	D	0.16%	0.22%	0.16%
MKL	C	0.36%	0.17%	0.17%
MKTX	A	0.09%	0.12%	0.09%
MLM	A	0.51%	0.37%	0.37%
MOH	D	0.28%	0.08%	0.08%
MOS	B	0.11%	0.1%	0.1%
MRO	B	0.32%	0.16%	0.16%
MSA	F	0.1%	0.07%	0.07%
MSM	F	0.02%	0.04%	0.02%
MSTR	A	0.33%	0.39%	0.33%
MTB	B	0.52%	0.36%	0.36%
MTDR	D	0.13%	0.06%	0.06%
MTG	C	0.13%	0.07%	0.07%
MTN	F	0.08%	0.01%	0.01%
NDAQ	B	0.41%	0.35%	0.35%
NEU	F	0.08%	0.04%	0.04%
NFE	F	0.0%	0.0%	0.0%
NFG	B	0.09%	0.06%	0.06%
NI	A	0.13%	0.18%	0.13%
NOV	F	0.11%	0.07%	0.07%
NRG	A	0.22%	0.12%	0.12%
NTAP	D	0.42%	0.15%	0.15%
NTRS	A	0.33%	0.23%	0.23%
NVR	D	0.15%	0.3%	0.15%
NWS	A	0.05%	0.04%	0.04%
NWSA	B	0.16%	0.11%	0.11%
NXST	A	0.06%	0.04%	0.04%
NYT	A	0.13%	0.1%	0.1%
OC	B	0.32%	0.18%	0.18%
OGE	C	0.11%	0.09%	0.09%
OLED	D	0.14%	0.05%	0.05%
OLLI	C	0.09%	0.06%	0.06%
OLN	F	0.09%	0.06%	0.06%
OMC	B	0.2%	0.22%	0.2%
OMF	A	0.1%	0.06%	0.06%
ON	D	0.48%	0.34%	0.34%
ONTO	C	0.17%	0.08%	0.08%
ORI	C	0.15%	0.1%	0.1%
OSK	D	0.12%	0.08%	0.08%
OVV	F	0.26%	0.12%	0.12%
OZK	B	0.03%	0.05%	0.03%
PAG	F	0.05%	0.03%	0.03%
PARA	C	0.04%	0.07%	0.04%
PATH	D	0.07%	0.01%	0.01%
PAYC	A	0.13%	0.03%	0.03%
PB	A	0.09%	0.07%	0.07%
PEG	B	0.51%	0.5%	0.5%
PFG	C	0.34%	0.23%	0.23%
PFGC	B	0.19%	0.12%	0.12%
PHM	D	0.53%	0.31%	0.31%
PII	F	0.01%	0.04%	0.01%
PKG	A	0.36%	0.23%	0.23%
PNFP	A	0.15%	0.09%	0.09%
PNR	A	0.22%	0.18%	0.18%
PNW	D	0.12%	0.11%	0.11%
POST	D	0.08%	0.06%	0.06%
PPC	A	0.03%	0.02%	0.02%
PPG	F	0.43%	0.33%	0.33%
PPL	A	0.23%	0.27%	0.23%
PR	F	0.15%	0.08%	0.08%
PRI	B	0.19%	0.11%	0.11%
PSTG	D	0.28%	0.02%	0.02%
PTC	A	0.08%	0.1%	0.08%
PVH	C	0.07%	0.06%	0.06%
PWR	B	0.17%	0.35%	0.17%
QRVO	F	0.14%	0.11%	0.11%
R	A	0.14%	0.07%	0.07%
RBC	D	0.11%	0.09%	0.09%
RCL	A	0.92%	0.35%	0.35%
REYN	F	0.0%	0.02%	0.0%
RF	A	0.37%	0.24%	0.24%
RGA	D	0.23%	0.16%	0.16%
RGEN	F	0.0%	0.07%	0.0%
RGLD	B	0.09%	0.11%	0.09%
RHI	B	0.12%	0.08%	0.08%
RIVN	F	0.14%	0.1%	0.1%
RJF	A	0.46%	0.31%	0.31%
RL	B	0.12%	0.09%	0.09%
RLI	B	0.11%	0.07%	0.07%
RMD	B	0.43%	0.28%	0.28%
RNR	C	0.21%	0.16%	0.16%
ROK	C	0.41%	0.31%	0.31%
ROKU	D	0.15%	0.09%	0.09%
RPM	B	0.28%	0.14%	0.14%
RPRX	F	0.1%	0.12%	0.1%
RRC	D	0.15%	0.08%	0.08%
RS	C	0.28%	0.19%	0.19%
S	B	0.08%	0.07%	0.07%
SAIA	A	0.23%	0.05%	0.05%
SAIC	B	0.01%	0.08%	0.01%
SCI	A	0.13%	0.12%	0.12%
SEE	B	0.05%	0.03%	0.03%
SEIC	A	0.14%	0.08%	0.08%
SF	A	0.16%	0.12%	0.12%
SITE	F	0.1%	0.04%	0.04%
SKX	F	0.12%	0.08%	0.08%
SNA	A	0.27%	0.19%	0.19%
SNX	C	0.1%	0.1%	0.1%
SOFI	A	0.16%	0.11%	0.11%
SON	F	0.08%	0.06%	0.06%
SQ	B	0.28%	0.26%	0.26%
SSD	F	0.13%	0.08%	0.08%
SSNC	D	0.2%	0.18%	0.18%
ST	F	0.07%	0.06%	0.06%
STE	D	0.32%	0.25%	0.25%
STLD	B	0.39%	0.22%	0.22%
STT	A	0.43%	0.31%	0.31%
SW	C	0.07%	0.27%	0.07%
SWKS	F	0.25%	0.17%	0.17%
SYF	B	0.41%	0.24%	0.24%
SYY	D	0.41%	0.16%	0.16%
TAP	D	0.17%	0.11%	0.11%
TECH	B	0.13%	0.12%	0.12%
TER	F	0.3%	0.02%	0.02%
TFX	F	0.09%	0.12%	0.09%
THC	C	0.2%	0.16%	0.16%
THO	D	0.1%	0.06%	0.06%
TKR	D	0.1%	0.06%	0.06%
TOL	C	0.29%	0.17%	0.17%
TPR	A	0.1%	0.11%	0.1%
TRMB	B	0.02%	0.17%	0.02%
TROW	C	0.4%	0.27%	0.27%
TSN	D	0.21%	0.19%	0.19%
TTC	F	0.08%	0.1%	0.08%
TTWO	A	0.16%	0.31%	0.16%
TW	B	0.21%	0.11%	0.11%
TWLO	A	0.18%	0.11%	0.11%
TXT	F	0.28%	0.17%	0.17%
UAL	A	0.44%	0.27%	0.27%
UHAL	B	0.11%	0.0%	0.0%
UHAL	B	0.01%	0.04%	0.01%
UHAL	B	0.01%	0.0%	0.0%
UHAL	B	0.11%	0.04%	0.04%
UHS	D	0.18%	0.15%	0.15%
ULTA	F	0.19%	0.03%	0.03%
UNM	A	0.18%	0.13%	0.13%
URI	B	0.84%	0.46%	0.46%
USFD	A	0.19%	0.16%	0.16%
UTHR	A	0.28%	0.17%	0.17%
VFC	A	0.06%	0.07%	0.06%
VMC	A	0.47%	0.28%	0.28%
VNT	B	0.08%	0.06%	0.06%
VOYA	B	0.14%	0.09%	0.09%
VTRS	C	0.23%	0.15%	0.15%
WAB	A	0.41%	0.37%	0.37%
WAL	D	0.19%	0.1%	0.1%
WAT	D	0.28%	0.08%	0.08%
WBD	C	0.17%	0.2%	0.17%
WBS	B	0.16%	0.1%	0.1%
WCC	A	0.13%	0.09%	0.09%
WEC	B	0.2%	0.35%	0.2%
WEX	F	0.13%	0.08%	0.08%
WH	A	0.1%	0.07%	0.07%
WHR	B	0.06%	0.07%	0.06%
WLK	F	0.08%	0.05%	0.05%
WMS	F	0.21%	0.07%	0.07%
WRB	C	0.27%	0.19%	0.19%
WSC	F	0.11%	0.05%	0.05%
WSM	F	0.38%	0.08%	0.08%
WSO	D	0.22%	0.18%	0.18%
WST	B	0.31%	0.11%	0.11%
WTFC	A	0.13%	0.08%	0.08%
WWD	D	0.14%	0.11%	0.11%
X	C	0.17%	0.1%	0.1%
XEL	A	0.28%	0.41%	0.28%
XRAY	F	0.05%	0.06%	0.05%
XYL	F	0.33%	0.35%	0.33%
Z	D	0.12%	0.11%	0.11%
ZBH	D	0.2%	0.24%	0.2%
ZG	D	0.03%	0.03%	0.03%
ZION	A	0.17%	0.08%	0.08%
ZM	A	0.23%	0.21%	0.21%

AVMC Overweight 100 Positions Relative to IWS

Symbol	Grade	Weight
VST	B	0.94%
VRT	B	0.75%
TRGP	A	0.69%
IT	C	0.6%
APP	A	0.51%
TPL	A	0.5%
DECK	B	0.42%
TSCO	D	0.4%
VEEV	C	0.39%
MPWR	F	0.37%
BAH	A	0.36%
LII	B	0.36%
LPLA	A	0.35%
CPAY	B	0.33%
EXPE	B	0.31%
MANH	C	0.31%
EQH	A	0.29%
FLEX	B	0.28%
PINS	C	0.27%
FIX	B	0.25%
CLX	C	0.24%
XPO	A	0.23%
KNSL	F	0.21%
GDDY	A	0.21%
POOL	C	0.21%
ERIE	D	0.21%
ROL	D	0.19%
NBIX	D	0.18%
MUSA	C	0.18%
TXRH	A	0.17%
BSY	F	0.17%
MLI	A	0.17%
FN	B	0.17%
MRNA	F	0.17%
AIT	A	0.16%
UFPI	C	0.16%
FLR	B	0.16%
NCLH	A	0.16%
BURL	D	0.15%
HLNE	B	0.14%
ENSG	A	0.14%
MTH	D	0.13%
ALV	F	0.13%
TPX	F	0.13%
TMHC	B	0.13%
PCVX	C	0.13%
MORN	B	0.13%
NSIT	F	0.13%
WFRD	F	0.13%
SSB	B	0.12%
SM	F	0.12%
CHX	F	0.12%
LNW	F	0.12%
LYV	A	0.12%
MEDP	F	0.12%
DVA	D	0.12%
PCTY	A	0.11%
ESNT	D	0.11%
TREX	B	0.11%
MUR	F	0.11%
HALO	D	0.11%
CMC	B	0.11%
RVMD	A	0.1%
DXCM	C	0.1%
AXON	B	0.1%
SIGI	D	0.09%
RYAN	C	0.09%
ZWS	B	0.09%
MGY	C	0.09%
CHDN	A	0.09%
ENLC	A	0.08%
WTS	F	0.08%
ENPH	F	0.08%
BECN	B	0.08%
IDXX	F	0.07%
ENTG	F	0.06%
TNET	F	0.05%
SMCI	F	0.05%
SPSC	F	0.05%
ADTN	B	0.04%
CELH	F	0.04%
HESM	D	0.04%
LULU	C	0.04%
LEVI	F	0.03%
LANC	D	0.03%
ACT	D	0.02%
HAE	F	0.02%
CHWY	D	0.02%
ATKR	F	0.01%
VAL	F	0.01%
EL	F	0.01%
LUMN	B	0.01%
QLYS	F	0.01%
RMBS	C	0.0%
FRHC	A	0.0%
RIG	D	0.0%
PTEN	F	0.0%
FRSH	C	0.0%
IGT	F	0.0%
FIZZ	D	0.0%

AVMC Underweight 289 Positions Relative to IWS

Symbol	Grade	Weight
WMB	A	-0.72%
AFL	C	-0.7%
AJG	D	-0.65%
OKE	A	-0.64%
BK	B	-0.63%
O	C	-0.62%
DHI	D	-0.61%
DLR	A	-0.6%
CCI	D	-0.54%
KMI	A	-0.54%
LHX	A	-0.52%
PRU	B	-0.5%
PCG	B	-0.49%
ALL	C	-0.48%
SPG	B	-0.47%
LEN	D	-0.47%
OTIS	C	-0.46%
MCHP	F	-0.45%
AME	A	-0.43%
FERG	D	-0.42%
ROST	F	-0.41%
BKR	A	-0.41%
EXR	D	-0.39%
IQV	F	-0.38%
NUE	F	-0.38%
VICI	D	-0.38%
AVB	C	-0.36%
CHTR	D	-0.35%
HUM	F	-0.35%
PAYX	B	-0.33%
WTW	A	-0.33%
HLT	B	-0.32%
EQR	D	-0.32%
MTD	F	-0.31%
ANSS	C	-0.31%
VTR	A	-0.3%
HPQ	C	-0.3%
FTV	F	-0.29%
SBAC	C	-0.29%
GPN	D	-0.28%
HAL	F	-0.27%
YUM	D	-0.26%
WY	F	-0.26%
INVH	F	-0.24%
WDC	D	-0.24%
TDY	B	-0.24%
ARE	F	-0.23%
COO	D	-0.23%
LNG	A	-0.23%
ESS	D	-0.22%
EXE	B	-0.22%
TRU	C	-0.22%
MSCI	C	-0.21%
DGX	A	-0.2%
HOOD	B	-0.2%
MAA	D	-0.2%
SUI	D	-0.19%
IBKR	A	-0.18%
IRM	B	-0.18%
KIM	B	-0.18%
AVTR	F	-0.18%
SWK	D	-0.18%
DOC	B	-0.18%
CAG	D	-0.16%
CVNA	A	-0.16%
NDSN	D	-0.16%
RVTY	C	-0.16%
VLTO	D	-0.16%
UDR	D	-0.16%
ZBRA	A	-0.16%
VRSN	F	-0.16%
GEN	A	-0.16%
AMH	F	-0.15%
CW	B	-0.15%
REG	C	-0.15%
GLPI	D	-0.15%
HES	D	-0.15%
BXP	B	-0.15%
SJM	F	-0.14%
NVT	A	-0.14%
CACI	A	-0.14%
HST	D	-0.14%
CPT	D	-0.14%
WPC	F	-0.14%
BG	F	-0.14%
ELS	C	-0.14%
OHI	A	-0.12%
FWONK	B	-0.12%
CE	F	-0.12%
NTNX	B	-0.12%
CUBE	D	-0.12%
CAH	D	-0.12%
RRX	B	-0.12%
DPZ	D	-0.11%
MTCH	C	-0.11%
REXR	F	-0.11%
CNH	A	-0.11%
NLY	D	-0.11%
WTRG	C	-0.11%
TTEK	B	-0.11%
SOLV	B	-0.11%
DOX	B	-0.11%
BRBR	A	-0.1%
EGP	D	-0.1%
NNN	D	-0.1%
DAY	A	-0.1%
LAMR	B	-0.1%
HSIC	D	-0.1%
WYNN	B	-0.1%
CRL	F	-0.1%
FRT	D	-0.1%
CART	A	-0.09%
VNO	B	-0.09%
EXAS	B	-0.09%
MTZ	B	-0.09%
AAL	A	-0.09%
ACI	F	-0.09%
TKO	D	-0.09%
HLI	A	-0.09%
BRX	C	-0.09%
BBWI	F	-0.08%
FAST	A	-0.08%
STAG	D	-0.08%
HR	C	-0.08%
SNV	A	-0.08%
FCN	F	-0.08%
FR	D	-0.08%
GXO	B	-0.08%
FICO	B	-0.08%
MIDD	D	-0.08%
AGNC	D	-0.08%
ADC	C	-0.08%
COLD	F	-0.08%
MDU	B	-0.07%
ESI	A	-0.07%
GWW	A	-0.07%
MKSI	F	-0.07%
STWD	C	-0.07%
AZPN	B	-0.07%
VMI	B	-0.07%
OKTA	F	-0.07%
SIRI	C	-0.07%
CRUS	F	-0.07%
MTSI	B	-0.07%
WBA	C	-0.07%
ROIV	D	-0.06%
CCCS	D	-0.06%
JHG	A	-0.06%
FNB	A	-0.06%
UGI	C	-0.06%
THG	B	-0.06%
RITM	D	-0.06%
LNC	A	-0.06%
KD	D	-0.06%
SRCL	A	-0.06%
SN	C	-0.06%
ALK	A	-0.06%
AWI	A	-0.05%
ALNY	C	-0.05%
ASH	F	-0.05%
SLGN	A	-0.05%
M	C	-0.05%
W	F	-0.05%
DBX	B	-0.05%
TPG	A	-0.05%
LITE	B	-0.05%
EEFT	F	-0.05%
AGO	B	-0.05%
OGN	D	-0.05%
AMP	B	-0.05%
WTM	B	-0.05%
ACHC	F	-0.05%
AL	C	-0.05%
DOCS	B	-0.05%
RYN	C	-0.05%
CPRI	F	-0.05%
CUZ	B	-0.05%
PSN	A	-0.05%
LINE	F	-0.05%
SLM	B	-0.05%
AVT	B	-0.05%
KRC	B	-0.05%
PLNT	D	-0.04%
TNL	A	-0.04%
SPR	D	-0.04%
ZI	C	-0.04%
NVST	A	-0.04%
DNB	B	-0.04%
PRGO	D	-0.04%
U	C	-0.04%
LBTYK	C	-0.04%
LBTYA	C	-0.04%
EPR	D	-0.04%
DXC	F	-0.04%
SMG	B	-0.04%
HIW	B	-0.04%
HUN	D	-0.04%
AMTM	B	-0.04%
MSGS	A	-0.04%
VNOM	A	-0.04%
GTES	A	-0.04%
IAC	F	-0.04%
HOG	F	-0.04%
KMPR	B	-0.04%
TYL	A	-0.04%
RH	B	-0.04%
QS	F	-0.03%
JWN	B	-0.03%
GLOB	B	-0.03%
CRI	F	-0.03%
SHC	C	-0.03%
RKT	D	-0.03%
BROS	C	-0.03%
ADT	B	-0.03%
MP	B	-0.03%
HHH	B	-0.03%
SPB	D	-0.03%
VIRT	C	-0.03%
CC	F	-0.03%
LOPE	D	-0.03%
ALGM	F	-0.03%
VAC	C	-0.03%
LLYVK	A	-0.03%
CXT	F	-0.03%
WU	F	-0.03%
MASI	A	-0.03%
PK	F	-0.03%
COTY	F	-0.03%
MPW	D	-0.03%
PENN	A	-0.03%
MAN	F	-0.03%
NWL	A	-0.03%
NSA	D	-0.03%
BHF	B	-0.03%
FHB	A	-0.03%
IRDM	B	-0.03%
AMED	D	-0.03%
FTRE	F	-0.02%
ALAB	B	-0.02%
UA	B	-0.02%
TRIP	C	-0.02%
LYFT	C	-0.02%
LEG	F	-0.02%
UAA	B	-0.02%
GO	F	-0.02%
WEN	B	-0.02%
INFA	B	-0.02%
AZEK	C	-0.02%
LEN	D	-0.02%
WOLF	D	-0.02%
VSTS	F	-0.02%
BIRK	F	-0.02%
ETSY	D	-0.02%
LPX	D	-0.02%
QDEL	F	-0.02%
PINC	A	-0.02%
IPGP	B	-0.02%
KSS	F	-0.02%
SAM	C	-0.02%
ENOV	D	-0.02%
AZTA	F	-0.02%
HAYW	A	-0.02%
AAP	F	-0.02%
YETI	F	-0.02%
RCM	A	-0.02%
IONS	F	-0.01%
PLTK	A	-0.01%
TXG	F	-0.01%
UI	A	-0.01%
TFSL	D	-0.01%
DJT	B	-0.01%
SEB	F	-0.01%
CAR	C	-0.01%
PYCR	B	-0.01%
FIVE	C	-0.01%
HCP	A	-0.01%
AS	B	-0.01%
DV	F	-0.01%
LLYVA	A	-0.01%
FWONA	A	-0.01%
CERT	F	-0.01%
NCNO	B	-0.01%
SNDR	A	-0.01%
LOAR	A	-0.0%
PARAA	C	-0.0%
SEG	C	-0.0%
UWMC	F	-0.0%
GRAL	F	-0.0%
LAZ	A	-0.0%