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Avantis Core Fixed Income ETF

AVIG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2020
Expense Ratio
0.15%
Type
Global Bonds
Fund Owner
Avantis Investors
Volume (1m avg. daily)
$1,964,504
AUM
$361,665,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

n/a
G2SF 4 2/20
2.69%
n/a
FNCL 4 2/23 MBS 30yr
2.67%
n/a
G2SF 4.5 2/23 MBS 30yr
2.67%
n/a
FNCL 4.5 2/20
2.59%
n/a
United States Treasury Bill 0.00 02/02/2023
2.56%
n/a
FNCL 3 2/23 MBS 30yr
2.27%
n/a
G2SF 5.5 2/20
1.96%
n/a
United States Treasury Bill 0.00 03/14/2023
1.79%
n/a
United States Treasury Note/Bond 0.13 12/15/2023
1.66%
n/a
FNCI 2 2/23 MBS 15yr
1.58%
Invest with AVIG

What is AVIG?

The fund invests primarily in investment grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers. The funds investment process uses an analytical framework, which includes an assessment of securities expected income and capital appreciation, to seek securities with high expected returns. The portfolio managers categorize securities within the fund s investment universe into component groups based on factors such as industry sector, credit rating, duration, country, and currency. The portfolio managers then calculate the expected return implied by the yield curve of each component group, while considering valuation metrics such as yield, duration, and option adjusted spreads. Finally, the portfolio managers adjust the portfolio to arrive at position weightings for each component group with the goal of building a portfolio with enhanced expected return. Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. Fixed income securities in which the fund may invest include corporate bonds and notes issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations including supranational organizations. The fund may also invest in derivative instruments such as futures contracts or swap agreements, including credit default swaps, credit default swap indexes, and total return swaps. The fund expects to maintain a weighted average duration within 2 years of the weighted average duration of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond index, as calculated by the manager. Duration is used to assess the sensitivity of a security s price to changes in interest rates. The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index.

ETFs related toAVIG

ETFs correlated to AVIG include BNDI, AGG, BNDC

AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BNDI
SHP ETF Trust - NEOS Enhanced Income Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BNDC
FlexShares Trust - FlexShares Core Select Bond Fund
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
PCRB
Putnam ETF Trust - Putnam ESG Core Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
IBDX
iShares Trust - iShares iBonds Dec 2032 Term Corporate ETF
IIGV
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Value ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAVIG

#IDX

Equity Index Rotation

Category

Getting Started

Risk Rating

Moderate

Can contain

AVIGAGG
#TOTAL

The Total Package

Category

Getting Started, Go Global

Risk Rating

Moderate

Can contain

AVIGAGG

Create your own algorithmic trading strategy with AVIG using Composer

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.