AVMU

Avantis Core Municipal Fixed Income ETF

$45.78

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Avantis Core Municipal Fixed Income ETF (AVMU) seeks to provide current income that is exempt from federal income taxes.

Overview

ETF tracking Avantis Core Municipal Fixed Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2020-12-10

Market Cap $151.1M

Average Volume N/A

Dividend Yield 2.96%

52-Week Range $43.44 - $46.94

VWAP $45.85

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Avantis Core Municipal Fixed Income ETF (AVMU) seeks to provide current income that is exempt from federal income taxes.

🎯 Investment Strategy

The fund invests primarily in investment-grade municipal bonds and other municipal debt securities. The portfolio is actively managed, with the goal of generating tax-exempt income while managing risk and volatility.

✨ Key Features

Focuses on investment-grade municipal bonds for tax-exempt income
Actively managed portfolio to balance risk and return
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if municipal issuers default on their debt obligations
Liquidity risk for less actively traded municipal bonds
Tax-related risks if the fund's municipal income becomes taxable

👤 Best For

AVMU may be suitable for investors seeking tax-exempt income and willing to accept the risks associated with municipal bond investments. It could be a component of a diversified fixed income allocation, particularly for investors in higher tax brackets.