AVLC vs BEEZ

AVLCAAvantis U.S. Large Cap Equity ETF

BEEZCHoneytree U.S. Equity 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.

BEEZ A boutique swing at responsible investing: BEEZ runs a concentrated, actively managed book of U.S. companies screened for growth, profitability and its own exclusion rules. Small, young, and unapologetically hand-picked.

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.

BEEZ The Fund seeks capital appreciation by investing primarily in responsibly growing companies through an actively managed, concentrated U.S. equity strategy.

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.

• BEEZ Genuinely active and concentrated: a focused U.S. stock portfolio chosen for growth and profitability, not an index tracker with an ESG label bolted on.
• The 0.64% fee sits right around what active U.S. equity managers typically charge, so the boutique story doesn't come with a boutique markup.
• The responsible-investing piece is written into the prospectus as named exclusion screens, so the guardrails are documented rather than left to mood.
• Plain 1940 Act ETF plumbing: no K-1, income distributed quarterly and capital gains annually.

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

• BEEZ A small, thinly traded fund. Spreads can run wider and fills less predictable than in the heavily traded names in this category.
• Broad systematic rivals like DFAU (0.12%) and AVLC (0.15%) cover U.S. equity for a fraction of the fee, minus the concentration and the values screen.
• Launched in 2023, so the track record is short and the strategy hasn't yet been tested across a full market cycle.

Full AVLC profile⁠

Full BEEZ profile⁠