Fund Description
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.
Fund Profile
Fund Name Avantis Short-Term Fixed Income ETF
Fund Exchange Ticker AVSF
Fund Sponsor Avantis Investors
Fund ISIN US0250726876
Net Expense Ratio 0.15 %
Fund Inception Date 13 October 2020
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Investment Grade Only
Average Maturity Short (1-3 years)
Bond Currency Denomination Multiple Currencies
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 76.81 Million (USD)
1 Month Total Return -1.86 %
Year To Date Return -5.50 %
1 Year Total Return -6.22 %
3 Year Annualized Total Return
NAV 46.55
Share Outstanding 1,650,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
United States Treasury Note/Bond 1.50 11/30/2024 BOND 0.0280000000
United States Treasury Note/Bond 1.50 10/31/2024 BOND 0.0271000000
United States Treasury Note/Bond 1.50 02/15/2025 BOND 0.0251000000
United States Treasury Note/Bond 0.25 10/31/2025 BOND 0.0249000000
United States Treasury Note/Bond 0.25 06/15/2024 BOND 0.0226000000
United States Treasury Note/Bond 0.38 11/30/2025 BOND 0.0214000000
United States Treasury Note/Bond 1.38 02/29/2024 BOND 0.0202000000
United States Treasury Note/Bond 2.38 08/15/2024 BOND 0.0194000000
United States Treasury Note/Bond 0.38 07/15/2024 BOND 0.0171000000
US DOLLARS BOND 0.0160000000