2021 Estimated Distributions

as of 10/31/2021

2021 Distribution Calendar

Avantis Investors	Ordinary Income Per Share³	Ordinary Income Pay Date⁴	Short-Term Capital Gains Per Share	Long-Term Capital Gains Per Share	Capital Gains Pay Date⁴
Avantis Core Fixed Income ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis Core Fixed Income Fund	daily	daily	Paid	Paid	12/07/2021
Avantis Core Municipal Fixed Income ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis Core Municipal Fixed Income Fund	daily	daily	Paid	Paid	12/07/2021
Avantis Emerging Markets Equity ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis Emerging Markets Equity Fund	Paid	12/07/2021	Paid	Paid	12/07/2021
Avantis Emerging Markets Value ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis International Equity ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis International Equity Fund	Paid	12/07/2021	Paid	Paid	12/07/2021
Avantis International Large Cap Value ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis International Small Cap Value ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis International Small Cap Value Fund	Paid	12/07/2021	Paid	Paid	12/07/2021
Avantis Real Estate ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis Short-Term Fixed Income ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis Short-Term Fixed Income Fund	daily	daily	Paid	Paid	12/07/2021
Avantis U.S. Equity ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis U.S. Equity Fund	Paid	12/07/2021	Paid	Paid	12/07/2021
Avantis U.S. Large Cap Value ETF	Paid	12/21/2021	Paid	Paid	12/07/2021
Avantis U.S. Small Cap Value ETF	Paid	12/21/2021	Paid	Paid	12/21/2021
Avantis U.S. Small Cap Value Fund	Paid	12/07/2021	Paid	Paid	12/07/2021

Exchange Traded Funds (ETFs) 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.

³ The estimates in this chart do not reflect calculations for Qualified Dividends. However, those calculations, if applicable, will appear on Form 1099-DIV sent in late January 2022.

⁴ Per-share distributions for the mutual funds are determined on ex-date 12/7/2021 for shareholders of record the business day before the ex-date. Per-share distributions for the ETFs are determined on ex-date 12/16/2021 for shareholders of record the business day after the ex-date.

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

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.

American Century Investments is not responsible for and does not endorse any comments, content, advertising, products, advice, opinions, recommendations or other materials on or available directly or via hyperlinks from Facebook, Twitter or any third-party website. Facebook, Twitter and LinkedIn are registered trademarks of their respective owners.

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

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2021 Estimated Distributions