AVLC vs PEXL

AVLCAAvantis U.S. Large Cap Equity ETF

PEXLBPacer US Export Leaders 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.

PEXL American companies, foreign paychecks. PEXL screens the S&P 900 for the firms selling most abroad, then ranks on free cash flow margin: overseas revenue exposure bought through US-listed stocks, for 0.49% with no waiver.

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.

PEXL The fund screens the S&P 900 for 100 large- and mid-capitalization U.S. companies with substantial foreign sales and high free-cash-flow margins, seeking to participate in global growth.

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.

• PEXL The screen is the whole thesis: take the S&P 900, keep the 200 with the highest share of sales overseas, then rank those on free cash flow margin and hold about 100.paceretfs.com
• Market-cap weighted with a 5% cap per name and rebalanced quarterly, so one runaway exporter can only get so big before the screen trims it.paceretfs.compaceretfs.com 2
• At 0.49% with no waiver attached, the fee sits below the median for its active US equity peer group, and the number does not reset on a waiver expiry date.
• Running since 2018 and sitting in the upper half of its US equity peer group, with cash paid out quarterly.

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

• PEXL Thinly traded and a smaller fund, so spreads and order size matter more here than in the giants of the category.
• Broad US core peers cost less: DFAU at 0.12% and AVLC at 0.15% versus 0.49% here.
• A portfolio built on overseas revenue moves with tariffs, trade policy and the dollar, and the screen only refreshes at each quarterly rebalance.paceretfs.com

Full AVLC profile⁠

Full PEXL profile⁠