Avantis Core Municipal Fixed Income ETF (AVMU)
| Assets | $27.26M |
| NAV | $49.57 |
| Expense Ratio | 0.15% |
| PE Ratio | n/a |
| Shares Out | 550,000 |
| Dividend (ttm) | $0.38 |
| Dividend Yield | 0.78% |
| Ex-Dividend Date | Dec 16, 2021 |
| 1-Year Return | -1.25% |
| Volume | 454 |
| Open | 49.59 |
| Previous Close | 49.65 |
| Day's Range | 49.56 - 49.59 |
| 52-Week Low | 49.32 |
| 52-Week High | 49.32 |
| Beta | 0.09 |
| Holdings | 444 |
| Inception Date | Dec 8, 2020 |
About AVMU
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. The fund will invest primarily in investment grade securities as rated by an independent rating agency or determined by the advisor to be of comparable credit quality if a rating is unavailable.
Top 10 Holdings
11.37% of assets| Name | Symbol | Weight |
|---|---|---|
| DENVER COLO CITY & CNTY 5% | N/A | 1.58% |
| DISTRICT COLUMBIA INCOME TAX REV 4% | N/A | 1.57% |
| CALIFORNIA ST 5.25% | N/A | 1.16% |
| WASHINGTON ST 5% | N/A | 1.14% |
| PRIVATE COLLEGES & UNIVS AUTH GA REV 4% | N/A | 1.10% |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 3.25% | N/A | 1.04% |
| CALIFORNIA ST 3% | N/A | 1.01% |
| ALABAMA ST PUB SCH & COLLEGE AUTH 5% | N/A | 0.96% |
| LOS ANGELES CALIF DEPT ARPTS REV 5% | N/A | 0.94% |
| ALABAMA ST PUB SCH & COLLEGE AUTH 4% | N/A | 0.88% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2021 | $0.0346 | Dec 21, 2021 |
| Dec 1, 2021 | $0.0378 | Dec 6, 2021 |
| Nov 1, 2021 | $0.030 | Nov 4, 2021 |
| Oct 1, 2021 | $0.036 | Oct 6, 2021 |
| Sep 1, 2021 | $0.0323 | Sep 7, 2021 |
| Aug 2, 2021 | $0.030 | Aug 5, 2021 |
News
Low-Duration Intermediate Fixed Income Serves as Attractive Diversifier
It's been a tough time for bonds. Fixed income markets were challenged in 2021, and with the Fed indicating that it could raise rates as many as three times this year, it looks as though 2022 won't be m...
Hidden Income Your Munis Are Missing: An Expert Perspective
Municipal bonds (munis) have been a linchpin for advisors building effective, tax-efficient portfolios for their clients in this lower-for-longer yield environment. However, with a Fed taper almost a ne...
Will Municipal Bond ETFs Shatter Records in 2021?
Fixed income investors are looking into municipal bonds and their related exchange traded funds this year. Investment interest for the munis market has increased this year as rising taxes, the search fo...
Bond Investors Can Turn to Muni ETFs for Steady Yields at Lower Tax Rates
Fixed income exchange traded fund investors seeking steady yields and lower tax rates can turn to municipal bond strategies. According to Municipal Market Analytics, investors have already funneled a ne...
Avantis Investors Launches First Municipal Bond ETF, ‘AVMU'
On Thursday, following the launch of its first two fixed income ETFs in October, Avantis Investors, a $2.5 billion investment brand from global asset manager American Century Investments, announced the ...
Avantis Tackles Muni ETF Space
The actively managed ETF invests in investment-grade municipal bonds.