AVLC.US ETF is benchmarked against the MSCI USA Large Cap Select Value Weighted Index. Index Performance: The primary driver is the performance of the underlying stocks in the index. If those stocks rise, so does the ETF's NAV.

Supply and Demand: High demand relative to supply can push the ETF's market price above its NAV (a premium), and vice versa (a discount).

Expense Ratio: A higher expense ratio can slightly reduce returns compared to a similar ETF with a lower expense ratio.

Trading Activity: High trading volume suggests more liquidity, potentially leading to tighter bid-ask spreads and more efficient pricing.

Fund Flows: Large inflows can indicate positive investor sentiment, while outflows may suggest the opposite, impacting price.

Economic Factors: Economic growth, interest rates, and inflation can broadly affect stock valuations, influencing the ETF's price.

Sector Performance: The ETF's performance is influenced by the sectors represented in the underlying index, specifically value stocks.