AVLC vs CPAI

AVLCAAvantis U.S. Large Cap Equity ETF

CPAICCounterpoint Quantitative 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.

CPAI The AI here picks the stocks, it doesn't buy them. Counterpoint's machine-learning models rank US companies on 30-plus variables, then hold at least 50 of the top names equal-weighted, tilted toward small and mid caps.

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.

CPAI The Fund seeks 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.

• CPAI The models weigh more than 30 inputs spanning value, long-term reversal, momentum, profitability, investor sentiment and price stability, and retrain at each quarterly rebalance.sec.govcounterpointfunds.com
• Equal weighting, a floor of 50 holdings, and a target of no more than 35% in any one sector stop a single stock or hot sector from running the portfolio.counterpointfunds.com
• A small and mid cap tilt sets it apart in a peer group crowded with large-cap core products like DFAU, FELC and AVLC.counterpointfunds.com

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

• CPAI At 0.75% a year it costs more than the typical active US equity ETF, and far more than cheap core rivals such as DFAU (0.12%) and FELC (0.18%).
• Holdings come from proprietary models refined through backtesting, so you can't check any position against a published rulebook the way you can with an index fund.sec.gov
• Launched in 2023, so the live record is short, and an equal-weighted small and mid cap book can behave very differently from a large-cap benchmark.counterpointfunds.com

Full AVLC profile⁠

Full CPAI profile⁠