AVLC vs SPIT

AVLCAAvantis U.S. Large Cap Equity ETF

SPITDF/m Emerald Special Situations 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.

SPIT Event-driven stock picking in an ETF wrapper: spin-offs, recapitalizations, transformational M&A, new bosses in the corner office. Benchmark-agnostic, any market cap, concentrated, and priced like the active mandate it is at 0.90%.

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.

SPIT The Fund seeks long-term growth through capital appreciation and primarily invests in equity securities of companies undergoing unique, idiosyncratic situations or transformations, including mergers, reorganizations, and other unusual issuer-specific events.

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.

• SPIT Hunts catalysts, not sectors: spin-offs, divestitures, recapitalizations, transformational mergers and leadership changes, with at least 80% of assets in such special situations.emeraldetfs.com
• Benchmark-agnostic and sector-agnostic by design, across market caps, so the portfolio is not anchored to mega-cap index weights.businesswire.com
• Sub-advised by Emerald's Lancaster, Pennsylvania team, which has managed client money since 1992, under F/m Investments as adviser.businesswire.comnasdaqtrader.com

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

• SPIT At 0.90% it sits above the typical US active equity fund, with no fee waiver; index-tracking peers like DFAU (0.12%) and AVLC (0.15%) cost far less.
• Launched October 2025, so the live record is short, and it has stayed small and lightly traded so far; spreads can run wider than on giant index funds.
• Concentrated and catalyst-driven: single names swing results, and the issuer frames it as a satellite 'gas pedal' rather than a core holding.businesswire.comyahoo.com

Full AVLC profile⁠

Full SPIT profile⁠