AVLC vs FFLC

AVLCAAvantis U.S. Large Cap Equity ETF

FFLCAFidelity Fundamental Large Cap Core 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.

FFLC Fidelity's stock pickers running large-cap core the old-fashioned way: roughly 100 names chosen by analysts, priced like a cheap fund rather than a premium active one. Human research, index-fund plumbing.

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.

FFLC The fund seeks long-term growth of capital through investments in equity securities, pursuing a diversified domestic large-cap core 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.

• FFLC 0.38% for genuine active management, below the typical fee for active US stock ETFs. You're paying for the research desk, not the wrapper.
• About 100 holdings, actively chosen in pursuit of long-term capital growth. This is a real portfolio of decisions, not an index fund wearing an active label.
• A multi-billion-dollar fund that trades in reasonable size, so entering and exiting doesn't usually mean wrestling with a wide spread.
• Stands among the stronger builds in a crowded field of active US equity ETFs, where hundreds of funds compete for the same core slot.

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

• FFLC Cheap for active, still pricier than systematic core rivals like FELC (0.18%) or AVLC (0.15%). That gap is the cost of human stock picking.
• With roughly 100 names, single positions carry real weight, so the ride can be bumpier than a 500-stock index fund in either direction.
• Active by design: the portfolio can look and behave quite differently from a plain large-cap index over any given stretch.

Full AVLC profile⁠

Full FFLC profile⁠