AVLC vs CCFE

AVLCAAvantis U.S. Large Cap Equity ETF

CCFEFConcourse Capital Focused 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.

CCFE A 20-to-30-stock mid-cap book from a boutique sub-adviser, wrapped in an ETF. Concentrated, bottom-up, and priced like the active management it is at 0.96%.

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.

CCFE The Fund seeks long-term capital appreciation through an actively managed equity portfolio, primarily consisting of mid-capitalization companies. The adviser applies bottom-up fundamental analysis and ranks companies using quality, valuation, and investment-thesis timing criteria.

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.

• CCFE Real concentration, not closet indexing: the prospectus targets roughly 20 to 30 companies, mostly mid-caps it defines as $2 billion to $25 billion in market value.etfarchitect.com
• The process is written down: bottom-up fundamental analysis ranking companies on quality, valuation and investment-thesis timing. You can hold the portfolio to that standard.etfarchitect.com
• Boutique stock picker, established plumbing: Concourse Capital Advisors sub-advises, with EA Advisers as adviser inside EA Series Trust and a Nasdaq listing.sec.gov

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

• CCFE At 0.96%, with no fee waiver in place, it costs above the typical fund in its active US equity category. Broad peers like DFAU (0.12%) and DFAC (0.17%) charge a fraction.
• Small and thinly traded, so the bid-ask spread is part of the cost of owning it, especially in size.
• Launched in 2025, so the record is short. And concentration cuts both ways: with 20 to 30 non-diversified positions, one holding can swing the whole fund.etfarchitect.com

Full AVLC profile⁠

Full CCFE profile⁠