ACLC vs AVLC

ACLCBAmerican Century Large Cap Equity ETF

AVLCAAvantis U.S. Large Cap Equity ETF

In short

ACLC An active large-cap fund that blends growth and value names and folds material sustainability factors into the stock picking, at a fee well below what the typical active US equity fund charges.

AVLC Active management with index-fund manners: roughly 900 U.S. large caps, with the dial turned toward cheaper, more profitable companies. Avantis charges 0.15% a year to do it.

Stated mandate

ACLC The fund seeks long-term financial returns through an actively managed U.S. large-cap portfolio combining growth and value companies while incorporating material sustainability factors into the investment process.

AVLC The fund seeks long-term capital appreciation. It invests broadly in U.S. large-capitalization companies while using active decisions to overweight lower valuations and higher profitability.

Why people hold it

• ACLC Costs 0.39% a year against a 0.65% median for active US equity funds. Active management here doesn't start in a fee hole.
• One mandate, two jobs: a growth-and-value blend of US large caps, with material sustainability factors written into the research process rather than bolted on as a screen.americancentury.com
• Roughly 100 stocks. Small enough that the managers' picks actually show up in results, not an index wearing an active label.
• Running since 2020 and pays quarterly. Sits in the top quartile of a crowded active US equity field on our review.

• AVLC 0.15% a year against a 0.65% median for active U.S. equity funds. That is passive-style pricing on an actively run book.
• Holds about 900 names against the Russell 1000, so the value and profitability tilts sit on top of broad market exposure instead of a concentrated bet.avantisinvestors.com
• One of the stronger builds in the active U.S. equity group, priced in the same neighborhood as the Dimensional core funds (DFAU, DFAC) it competes with.
• A multi-billion-dollar fund that trades steadily, so spreads and liquidity are rarely the sticking point. Distributions are paid quarterly.

Worth knowing

• ACLC Thinly traded for an ETF, so the bid-ask spread can be a bigger part of your cost than the expense ratio, especially on larger orders.
• Cheap it is, cheapest it isn't. Broad systematic rivals like DFAU (0.12%) and AVLC (0.15%) run at roughly a third of the fee.
• A concentrated book plus sustainability inputs means the portfolio can look meaningfully different from the broad large-cap market in either direction.

• AVLC Launched in 2023. The tilt philosophy is well worn at Avantis, but this fund's own live record is still short.
• Active, not index-tracking. The Russell 1000 is a reference point, not a leash, so holdings and weights can drift from it.
• Leaning toward cheaper, higher-profitability companies means stretches where it moves differently from the plain cap-weighted market, in either direction.avantisinvestors.com

Full ACLC profile⁠

Full AVLC profile⁠