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ETFs

Avantis Short-Term Fixed Income ETF

AVSF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2020
Expense Ratio
0.15%
Type
Global Bonds
Fund Owner
Avantis Investors
Volume (1m avg. daily)
$1,332,242
AUM
$252,731,293
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/B 06/28 1.25
2.32%
n/a
US TREASURY N/B 02/28 1.125
2.19%
n/a
US TREASURY N/B 04/28 1.25
2.19%
n/a
US TREASURY N/B 07/28 1
1.78%
n/a
US TREASURY N/B 01/28 0.75
1.77%
n/a
US TREASURY N/B 11/27 0.625
1.68%
n/a
US TREASURY N/B 10/23 0.125
1.39%
n/a
US TREASURY N/B 09/27 0.375
1.33%
n/a
US TREASURY N/B 02/24 1.5
1.31%
n/a
US TREASURY N/B 11/23 0.5
1.24%
Invest with AVSF

What is AVSF?

The fund invests primarily in investment grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers. The fund s 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 maturity of three years or less. The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index.

ETFs related toAVSF

ETFs correlated to AVSF include IGSB, ISTB, VCSH

AVSF
American Century ETF Trust - Avantis Short-Term Fixed Income ETF
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
ISTB
BlackRock Institutional Trust Company N.A. - iShares Core 1-5 Year USD Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
SUSB
iShares Trust - iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SPSB
SSgA Active Trust - SPDR Portfolio Short Term Corporate Bond ETF
IBDT
iShares Trust - iShares iBonds Dec 2028 Term Corporate ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
BSCQ
Invesco Capital Management LLC - Invesco BulletShares 2026 Corporate Bond ETF
GVI
BlackRock Institutional Trust Company N.A. - iShares Intermediate Government/Credit 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
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Create your own algorithmic trading strategy with AVSF using Composer

FAQ

AVSF is a Global Bonds ETF. The fund invests primarily in investment grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers. The fund s 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 maturity of three years or less. The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index.

Yes, AVSF 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, AVSF 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 AVSF is -0.0008%. This is the percent change in the value of AVSF over the most recent 1-month period. The 3-month return on AVSF is 0.0004%. This is the percent change in the value of AVSF over the most recent 3-month period.

The standard deviation of AVSF for the past year is 0.0335%. 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 AVSF include BLV, BND, and AGG.

ETFs correlated to AVSF include IGSB, ISTB, and VCSH.

ETFs that are inversely correlated to AVSF include PST, TBX, and TTT.

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.