AVLC vs RUNN

AVLCAAvantis U.S. Large Cap Equity ETF

RUNNBRunning Oak Efficient Growth 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.

RUNN Not a mega-cap tracker in disguise. About 60 large- and mid-cap US stocks, actively picked, at 0.58% (below the typical active US equity ETF). Running Oak's ETF, launched in 2023.

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.

RUNN The Fund seeks long-term growth of capital.

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.

• RUNN Charges 0.58%, under the 0.65% median for active US equity funds. Active management without the boutique-manager markup.
• Roughly 60 names, large and mid-cap US. Mid-caps carry real weight here instead of being rounding errors behind a handful of trillion-dollar stocks.aaii.com
• Lands in the upper half of its active US equity peer group, with portfolio construction and trading friction both scoring on the stronger side.

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

• RUNN You pay up for the stock picking. Index-built peers like DFAU (0.12%) and AVLC (0.15%) run the US equity market for a fraction of 0.58%.
• About 60 holdings means each pick swings the fund far harder than it would inside a 500-stock index fund. Bumpier ride is the price of the concentration.
• Built for capital growth, not cash flow: the stated objective is long-term growth, and distributions come annually or semiannually rather than monthly.

Full AVLC profile⁠

Full RUNN profile⁠