AVLC vs AVRY

AVLCAAvantis U.S. Large Cap Equity ETF

AVRYFAvory Foundational ETF

In short

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.

AVRY Most "core" equity funds own hundreds of stocks. AVRY owns a couple dozen, chosen without a benchmark or a cash rule by a Miami boutique that runs concentrated portfolios. Core in intent, high-conviction in construction.

Stated mandate

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.

AVRY The Fund aims for long-term capital appreciation.

Why people hold it

• 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.

• AVRY Genuinely active, not index-shaped: the manager targets roughly 20 to 30 companies, with no benchmark to hug and no cash constraint, and publishes holdings daily.yahoo.com
• Non-diversified on purpose. It concentrates in US-listed companies above $500 million in market value, with room for ADRs and foreign names when the case is there.sec.gov
• Runs on EA Series Trust (ETF Architect), the white-label platform that gives a boutique stock-picker institutional custody, compliance and creation plumbing.sec.gov
• The mandate is long-term capital appreciation, so the payoff is meant to come from share prices rather than a distribution stream.

Worth knowing

• 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

• AVRY Costs 0.89% a year, above the 0.65% median for active US equity funds and multiples of what the top-graded names in the group charge (DFAU 0.12%, AVLC 0.15%, DFAC 0.17%).
• Launched in 2026 under a single named manager, so there is no long live track record, and the fund is still small and lightly traded.aaii.com
• Concentration cuts both ways: with a couple dozen positions and no index guardrails, one company's move moves the fund far more than in a broad core product.yahoo.comsec.gov

Full AVLC profile⁠

Full AVRY profile⁠