AVLV: High-Quality Active Value Play, A Hold

Core Insights - The article reassesses the Avantis US Large Cap Value ETF (AVLV), focusing on its active management strategy centered around value and quality factors in the U.S. large-cap market [1] - The author emphasizes the importance of analyzing Free Cash Flow and Return on Capital in addition to traditional profit and sales metrics to gain deeper investment insights [1] Investment Focus - The analysis highlights a strong focus on the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - The author also covers a wide range of other industries, such as mining, chemicals, and luxury goods [1] Investment Philosophy - The author believes in identifying underappreciated and misunderstood equities while recognizing that some growth stocks may warrant their premium valuations [1] - The primary goal for investors is to investigate whether the market's current opinions on valuations are accurate [1]