AVLC vs TOS

AVLCAAvantis U.S. Large Cap Equity ETF

TOSCTwin Oak Strategic Solutions 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.

TOS Twin Oak's go-anywhere US stock fund: one active mandate that roams from mega caps to small caps, holds shares or whole ETFs, and can reach for derivatives. Launched January 2026 at 0.36% net of a waiver through December 31, 2026, under the typical active US equity fee.

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.

TOS The Fund seeks total return through active management of domestic equity securities across all market capitalizations.

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.

• TOS 0.36% net of a waiver through December 31, 2026 undercuts the typical active US equity fee, though cheaper index-style peers exist, like DFAU (0.12%) and AVLC (0.15%).
• Wide mandate: US stocks of any size, held directly or through other ETFs (including Twin Oak's own), with derivatives permitted.twinoaketfs.com
• Total return is the stated goal, not a yield target or a single market-cap lane.twinoaketfs.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

• TOS The 0.36% is net of a waiver through December 31, 2026; gross is 0.76%, so the sticker price depends on that waiver staying in place.
• Thinly traded with a modest asset base, so spreads and order size matter more here than in the category's heavyweights.
• Launched January 2026, so the record is short, and the flexible toolkit (other ETFs, derivatives, affiliated funds) makes the holdings harder to eyeball than an index fund's.twinoaketfs.com

Full AVLC profile⁠

Full TOS profile⁠