About AVUNX
Ginnie Mae II 8.00% 30-Year MBS, LB110, is a mortgage-backed security representing an interest in a pool of residential mortgages, predominantly government-insured or guaranteed loans such as those from the Federal Housing Administration (FHA), Veterans Affairs (VA), or Rural Development (RD) programs. Issued under the Ginnie Mae II program, this security features a 30-year fixed maturity with an 8.00% coupon rate, offering holders regular, consolidated principal and interest payments administered by a central paying agent. The 'LB110' designation indicates that the underlying pool consists of low-balance loans, with original loan sizes ranging between $85,000 and $110,000, contributing to the asset's distinct risk and prepayment characteristics. Ginnie Mae II securities are known for their flexibility, accommodating both custom and multiple-issuer pools, and support a broad range of mortgage types including level-payment, graduated payment, and adjustable-rate loans. Importantly, Ginnie Mae guarantees the timely payment of principal and interest, a commitment backed by the full faith and credit of the U.S. government, enhancing the security's creditworthiness and appeal within the fixed-income market.
Fund Family Avantis Investors
Category Large Blend
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol AVUNX
Share Class G Class
Index Russell 3000 TR
AVUNX had a total return of 22.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.53%.
