AVLC vs SURI

AVLCAAvantis U.S. Large Cap Equity ETF

SURIFSimplify Propel Opportunities 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.

SURI A specialist healthcare stock-picker in an ETF shell. Simplify hands the keys to sub-adviser Propel, whose science team hunts global biotech, pharma, health tech and life-science names it believes investors have overlooked.

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.

SURI 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.

• SURI A scientist's mandate, not an index screen: Propel sub-advises, using health sciences expertise to pick the names, and the fund is actively managed rather than tracking a benchmark.simplify.us
• Narrow on purpose: biotech, pharma, health care technology and life science tools, global in reach, with long-term capital appreciation as the stated objective.
• Live since 2023, so there is a real record of this team's picks to inspect instead of a backtest, inside standard 1940 Act ETF plumbing that pays 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

• SURI 2.56% net of a waiver through May 31, 2027, against 2.81% gross, well above the category median. Concentrated specialist research is what that fee buys.
• Thinly traded and modest in size, so getting in and out can cost more than with a broad index ETF.
• One slice of one sector, with no index anchoring it, means outcomes ride on the sub-adviser's judgment.

Full AVLC profile⁠

Full SURI profile⁠