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Avantis Core Municipal Fixed Income ETF

AVMU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 08 2020
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
Avantis Investors
Volume (1m avg. daily)
$995,993
AUM
$67,729,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
Rhode Island Health and Educational Building Corp 4.00% 09/01/2037
1.51%
n/a
Pennsylvania Higher Educational Facilities Authority 4.00% 08/15/2041
1.48%
n/a
Energy Northwest 4.00% 07/01/2042
1.46%
n/a
Omaha Public Power District 4.00% 02/01/2039
1.35%
n/a
District of Columbia 4.00% 03/01/2040
1.09%
n/a
Riverside Unified School District 4.00% 08/01/2042
1.00%
n/a
Los Angeles County Public Works Financing Authority 5.00% 12/01/2039
0.99%
n/a
City of Seattle WA Municipal Light & Power Revenue 4.00% 07/01/2041
0.95%
n/a
State of Maryland 5.00% 08/01/2027
0.83%
n/a
City of San 4 % Bonds 2012-15.9.42 Ref & Impt Convention Ctr Series 2012
0.81%
Invest with AVMU

What is AVMU?

The fund seeks current income that is exempt from federal income tax. Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal fixed income securities with interest payments exempt from federal income tax. A municipal fixed income security is a debt obligation issued by or on behalf of a state, its political subdivisions, agencies or instrumentalities, the District of Columbia or a U.S. territory or possession. Municipal securities include revenue bonds, general obligation bonds, municipal lease obligations, and industrial development bonds. The fund may use derivatives, such as futures contracts or swap agreements, to gain or limit exposures. The fund may purchase or sell when-issued, forward-settling, delayed delivery or forward commitment basis.

ETFs related toAVMU

ETFs correlated to AVMU include SCMB, CGMU, CMF

AVMU
American Century ETF Trust - Avantis Core Municipal Fixed Income ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni 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.

FAQ

AVMU is a US Bonds ETF. The fund seeks current income that is exempt from federal income tax. Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal fixed income securities with interest payments exempt from federal income tax. A municipal fixed income security is a debt obligation issued by or on behalf of a state, its political subdivisions, agencies or instrumentalities, the District of Columbia or a U.S. territory or possession. Municipal securities include revenue bonds, general obligation bonds, municipal lease obligations, and industrial development bonds. The fund may use derivatives, such as futures contracts or swap agreements, to gain or limit exposures. The fund may purchase or sell when-issued, forward-settling, delayed delivery or forward commitment basis.

The top holdings for AVMU include Rhode Island Health and Educational Building Corp 4.00% 09/01/2037, Pennsylvania Higher Educational Facilities Authority 4.00% 08/15/2041, and Energy Northwest 4.00% 07/01/2042.

AVMU has 671 total holdings.

Yes, AVMU is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AVMU is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AVMU is 0.0105%. This is the percent change in the value of AVMU over the most recent 1-month period. The 3-month return on AVMU is 0.0674%. This is the percent change in the value of AVMU over the most recent 3-month period.

The standard deviation of AVMU for the past year is 0.0429%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AVMU include HYD, SUB, and ITM.

ETFs correlated to AVMU include SCMB, CGMU, and CMF.

ETFs that are inversely correlated to AVMU include TYO, TBX, and PST.

Disclaimers

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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.