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AVMU

Avantis Core Municipal Fixed Income ETF

Market Price
$46.83
as of 01/27/2023
1 Day Market Price
Change
Direction arrow down -$0.05 (-0.12%)
as of 01/27/2023
YTD Market Price
Total Return
-7.34
as of 12/31/2022
NAV
$46.83
as of 01/27/2023
1 Day NAV Change
$0.00 (0.01%)
as of 01/27/2023
YTD NAV
Total Return
-7.56
as of 12/31/2022
Gross Expense Ratio
0.15%
as of 01/01/2023
Net Expense Ratio
0.15%
as of 01/01/2023

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that the investor's shares, when redeemed, may be worth more or less than the original cost. Returns less than one year are not annualized. Net asset value (NAV) prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the net asset value (NAV) is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

    Why AVMU?

    • Invests in a broad set of investment grade municipal debt obligations.

    • Pursues the benefits associated with indexing (diversification, controlled turnover, transparency of exposures), but with the ability to add value by making investment decisions using information in current yields.

    • Efficient portfolio management and trading process that is designed to enhance returns while seeking to reduce unnecessary risks and transaction costs.

    • Built to fit seamlessly into an investor's asset allocation.

    Fund Facts

    Ticker
    AVMU
    Objective
    Seeks current income that is exempt from federal income tax.
    Intraday Ticker
    AVMU.IV
    Inception Date
    12/08/2020
    # of Holdings
    576
    as of 11/30/2022
    CUSIP
    025072695
    ISIN
    US0250726959
    SEDOL
    BN2CZZ4
    Exchange
    NYSE Arca
    Distribution Frequency
    Monthly
    Total Assets
    $67,900,021.71
    as of 01/27/2023
    Shares Outstanding
    1,450,000.00
    as of 01/27/2023

    Performance

    To view month-end or historical performance, use the drop-down below.

    As of:
        12/31/2022

    TOTAL RETURN

    CUMULATIVE
    AVERAGE ANNUAL
    Info icon
    YTD% 1 MO 3 MO 1 YR 3 YR 5 YR 10 YR LIFE
    AVMU (NAV)
    Info icon
    -7.56%-0.06%4.07%-7.56%- -- -- --3.38%
    AVMU (MARKET PRICE)
    Info icon
    -7.34%-0.32%4.43%-7.34%- -- -- --3.28%
    -8.10%-0.12%3.90%-8.10%-0.68%1.23%2.00%- -
    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that the investor's shares, when redeemed, may be worth more or less than the original cost. Returns less than one year are not annualized. Net asset value (NAV) prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the net asset value (NAV) is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

    Yields

    Info icon
    30-Day sec
    Subsidized Yield
    3.13%
    as of 12/30/2022
    Yield to Worst
    --
    as of 12/31/2022
    Yield to Maturity
    --
    as of 12/31/2022

    Fees

    Gross Expense Ratio
    Info icon
    0.15%
    Net Expense Ratio
    Info icon
    0.15%

    Pricing

    Market Prices

    Info icon
    Current price as of 01/27/2023
    Market Price
    $46.83
    1 Day Market Price Change
    Direction arrow down -$0.05 (-0.12%)
    30 Day Median bid ask spread
    0.09%
    Day High Price
    $46.84
    Day Low Price
    $46.79
    Closing Price
    $46.83

    NAV

    Current price as of 01/27/2023
    NAV
    $46.83
    1 Day Nav Change
    $0.00 (0.01%)

    52 Week Range

    Current price as of 01/27/2023
    52 Week High
    $49.04
    52 Week Low
    $43.78

    Trading

    Current price as of 01/27/2023
    Premium/Discount
    Info icon
    0.00%
    Details >

    Portfolio

    Due to rounding, these values may not add to 100% 12/31/2022

    Info icon
    Special Tax 22%
    Public Power 12%
    Local GO 12%
    State GO 11%
    University Private 8%
    Water & Sewer 7%
    Lease Revenue 6%
    Toll Facilities 6%
    Airport 5%
    University Public 4%
    Other Transportation 3%
    Pre-Refunded 3%
    Cash & Cash Equivalents 1%
    Hospital <1%
    Gas <1%

    Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.

    Top 10 Holdings

    Info icon

    As of 01/26/2023 View all Holdings

    ISSUER
    CUSIP
    ISIN
    MARKET VALUE ($)
    WEIGHT
    RHODE ISLAND ST HLTH EDUCTNL RISHGR 09/37 FIXED 4 762197VF5 US762197VF55 1,024,858.10 1.51%
    PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 08/41 FIXED 4 70917SD42 US70917SD428 1,006,546.60 1.48%
    ENERGY N W WA ELEC REVENUE ENEPWR 07/42 FIXED 4 29270C4L6 US29270C4L61 996,467.67 1.47%
    OMAHA NE PUBLIC PWR DIST ELEC OMAPWR 02/39 FIXED 4 682001DT6 US682001DT65 915,401.03 1.35%
    DIST OF COLUMBIA INCOME TAX SE DISGEN 03/40 FIXED 4 25477GPL3 US25477GPL31 748,598.82 1.10%
    RIVERSIDE CA UNIF SCH DIST RIVSCD 08/42 FIXED 4 769059ZV1 US769059ZV12 682,739.55 1.01%
    LOS ANGELES CNTY CA PUBLIC WKS LOSFAC 12/39 FIXED 5 54473EQT4 US54473EQT46 670,650.96 0.99%
    SEATTLE WA MUNI LIGHT PWR RE SEAPWR 07/41 FIXED 4 812643WH3 US812643WH30 650,263.49 0.96%
    MARYLAND ST MDS 08/27 FIXED 5 574193UK2 US574193UK29 562,457.80 0.83%
    SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 4 796334AS9 US796334AS99 549,973.05 0.81%

    Exchange Traded Funds (ETF) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

    This fund is an actively managed Exchange Traded Fund (ETF) that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.

    Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.

    Municipal Securities investing is more sensitive to events that affect municipal markets, including legislative or political changes and the financial condition of the issuers of municipal securities. The fund may have a higher level of risk than funds that invest in a larger universe of securities. Additionally, the novel coronavirus (COVID-19) pandemic has significantly stressed the financial resources of many municipal issuers, which may impair a municipal issuer's ability to meet its financial obligations when due and could adversely impact the value of its bonds, which could negatively impact the performance of the fund.

    International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

    Derivatives may be more sensitive to changes in market conditions and may amplify risks.

    Investment income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax (AMT). Capital gains are not exempt from state and federal income tax.

    For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

    ©2022 Standard & Poor's Financial Services LLC. All rights reserved. For intended recipient only. No further distribution and/or reproduction permitted. Standard & Poor's Financial Services LLC ("S&P") does not guarantee the accuracy, adequacy, completeness or availability of any data or information contained herein and is not responsible for any errors or omissions or for the results obtained from the use of such data or information. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE IN CONNECTION TO THE DATA OR INFORMATION INCLUDED HEREIN. In no event shall S&P be liable for any direct, indirect, special or consequential damages in connection with recipient's use of such data or information.

    Exchange Traded Funds (ETFs): Foreside Fund Services, LLC – Distributor, not affiliated with American Century Investment Services, Inc.

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    You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by visiting Avantisinvestors.com or by calling 833-928-2684, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk.

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    Mutual Funds: American Century Investment Services, Inc., Distributor.

    Exchange Traded Funds (ETFs): Foreside Fund Services, LLC – Distributor, not affiliated with American Century Investment Services, Inc.

    © 2023 American Century Proprietary Holdings, Inc. All rights reserved.