Change
$0.09
(0.22%)
Total Return
$0.11
(0.26%)
Total Return
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 an exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the 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 AVIG?
Invests in a broad set of debt obligations across sectors, maturities and issuers.
Pursues the benefits associated with indexing such as diversification and transparency of exposures, but with the ability to add value by making investment decisions using information embedded 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
Performance
To view month-end or historical performance, use the drop-down below.
TOTAL RETURN
CUMULATIVE
| AVERAGE ANNUAL
Average Annual Returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. | |||||||
|---|---|---|---|---|---|---|---|---|
| YTD% | 1 MO | 3 MO | 1 YR | 3 YR | 5 YR | 10 YR | LIFE | |
|
AVIG (NAV)
Net Asset Value. The total value per ETF share of all the underlying securities in an ETF's portfolio. The NAV Return is based on the NAV of the fund. NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at NAV. |
3.40% | 1.18% | 0.12% | 7.29% | -1.88% | - - | - - | -1.60% |
|
AVIG (MARKET PRICE)
The price at which shares in the ETF can be bought or sold on the exchanges during trading hours. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price. |
3.35% | 1.24% | 0.15% | 7.19% | -1.86% | - - | - - | -1.60% |
|
BENCHMARK
|
2.93% | 1.06% | -0.13% | 6.88% | -1.95% | -0.01% | 1.52% | - - |
Yields
30-Day SEC Unsubsidized Yield: Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect. Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows. Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.
Subsidized Yield
Fees
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. Please see the prospectus for more information.
The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Pricing
Market Prices
The price at which shares in the ETF can be bought or sold on the exchanges during trading hours. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price.
$0.09
(0.22%)
NAV
$0.11 (0.26%)
52 Week Range
Trading
A premium is the amount that the fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the fund is trading below the reported NAV, expressed as a percentage of the NAV.
Portfolio
Due to rounding, these values may not add to 100% 11/30/2024
Sector Allocation: Reflects the blend of securities owned by a fund. For example, the percentage of foreign or domestic stocks held by an equity fund or the percentage of corporate and government securities owned by a bond fund. The U.S./Foreign Convertibles grouping includes Convertible Bonds, Equity Linked Securities and Convertible Preferred securities.
| Credit | 64% | |
| Government | 25% | |
| Securitized | 19% | |
| Agency | 1% | |
| Emerging Markets | <1% | |
| Cash & Cash Equivalents | -9% |
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
This value represents the top ten holdings included in the portfolio on a percent of assets basis. Holding weights are rounded to the nearest whole number, which may result in the display of less than ten holdings. Holdings are subject to change without notice. Shares are units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends. In the context of debt instruments, principal can refer to the face value, or par value, of a bond—that is, the actual amount listed on the bond itself. Avantis Investors publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value. The portfolio data and its presentation here may differ from the complete schedules of investments in regulatory filings due to differing accounting and reporting requirements.
As of 12/19/2024
View all Holdings
ISSUER |
CUSIP
|
ISIN
|
MARKET VALUE ($)
|
WEIGHT
|
|---|---|---|---|---|
| FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE | 01F042616 | US01F0426167 | 21,596,554.49 | 2.32% |
| FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE | 01F040610 | US01F0406102 | 20,542,043.93 | 2.20% |
| SPJG0QF49 CDS USD R F 1.00000 SPJG0QF49_FEE CCPCDX | 99S252Y93 | -- | 6,028.35 | 2.19% |
| US TREASURY N/B 07/25 0.25 | 91282CAB7 | US91282CAB72 | 20,000,446.98 | 2.15% |
| GNMA II TBA 30 YR 5 JUMBOS | 21H050615 | US21H0506152 | 19,858,880.54 | 2.13% |
| GNMA II TBA 30 YR 5.5 JUMBOS | 21H052611 | US21H0526119 | 16,836,139.55 | 1.81% |
| TREASURY BILL 12/24 0.00000 | 912796ZV4 | US912796ZV40 | 16,737,978.19 | 1.80% |
| US TREASURY N/B 02/25 1.5 | 91282CDZ1 | US91282CDZ14 | 15,227,674.45 | 1.63% |
| US TREASURY N/B 03/25 1.75 | 91282CED9 | US91282CED92 | 14,977,221.84 | 1.61% |
| US TREASURY N/B 02/25 2 | 912828J27 | US912828J272 | 14,791,984.93 | 1.59% |
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.
This fund is an actively managed 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.
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.
Generally, as interest rates rise, the value of the bonds held in the fund will decline. The opposite is true when interest rates decline.
For detailed descriptions of indices or investing terms referenced above, refer to our glossary.
Source: Bloomberg Index Services Ltd
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.
