AVLC vs LST

AVLCAAvantis U.S. Large Cap Equity ETF

LSTBLeuthold Select Industries 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.

LST Leuthold's Select Industries Strategy in ETF form: an active, go-anywhere US portfolio that ranks companies on growth, momentum, quality, profitability and value instead of betting the whole book on one style.

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.

LST The Fund seeks capital appreciation by investing primarily in U.S.-traded equity securities across companies of all sizes and industries.

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.

• LST Five factors, one fund. Growth, momentum, profitability, quality and value all feed selection, so no single style's cold streak sets the tone alone.
• Go-anywhere mandate: US-traded companies of any size and any industry, which keeps small and mid caps on the menu rather than megacaps only.
• At 0.65% it charges what a typical active US equity ETF charges. No boutique surcharge for a discretionary manager.
• Sits in the stronger tier of the active US equity funds we cover, helped by how the portfolio is assembled and how cleanly the shares change hands.

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

• LST Launched in December 2024, so there is no full market cycle behind the ETF yet, only a short live record.
• Cheap core rivals undercut it hard: DFAU runs 0.12% and FELC 0.18%. The 0.65% here buys active stock picking, not index tracking.
• Small fund, moderate trading. Spreads can run wider than on giant index ETFs, so limit orders matter more here.

Full AVLC profile⁠

Full LST profile⁠