AVLC vs MODL

AVLCAAvantis U.S. Large Cap Equity ETF

MODLAVictoryShares WestEnd U.S. Sector 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.

MODL Most active US equity funds argue about stocks. MODL argues about sectors: WestEnd's macro team owns four to six economic sectors at a time, names the ones it won't touch, and caps any single sector at 35% at purchase.

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.

MODL 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.

• MODL The rules are spelled out: four to six economic sectors at any given time, none above 35% of net assets at the time of purchase. You know the concentration ceiling before you own it.vcm.com
• The distinctive move is the avoidance list. WestEnd names the sectors it sees facing the biggest headwinds and simply doesn't hold them, rather than owning a little of everything.vcm.com
• 0.49% a year for an actively rotated sector strategy, below the 0.65% typical of active US equity funds. Cheap is not the usual adjective for macro-driven allocation.
• A billion-dollar-plus fund that distributes monthly, and it sits in the upper tier of a crowded active US equity field on our review.

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

• MODL Sector calls are the entire engine. Concentrating in a handful of sectors can mean sharper swings than a broadly diversified US portfolio, in either direction.vcm.com
• Cheap for active, not cheap outright: strong peers like DFAU (0.12%) and AVLC (0.15%) deliver broad US equity for a fraction of the fee.
• Launched in 2022, so the ETF's own live record is short next to the multi-decade histories of the index funds it competes with.

Full AVLC profile⁠

Full MODL profile⁠