Avantis Core Municipal Fixed Income ETF
$43.22−0.24 (−0.56%)
- Expense ratio
- 0.15%
- Fund size
- $166M
- 1Y return
- −1.4%
- Yield · Last 12 months
- 3.69%
- Holdings
- 544
- Volume · 30D
- 0M sh
- NAV per share
- $43.76
- 52W range
The ETF.net AVMU Grade
Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 86Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 86Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 28Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on AVMU
BActive muni management at index-fund pricing. Avantis runs a broad investment-grade portfolio of roughly 500 municipal bonds for 0.15%, half the typical fee in its category, aimed at income exempt from federal tax.
The fund seeks income exempt from federal income tax by investing broadly in investment-grade municipal debt. It uses active portfolio oversight and current-yield information while pursuing diversification and controlled turnover.
Why people hold it
- 0.15% a year for an actively run muni portfolio, against a category median near 0.30%. A manager for close to what many funds charge to follow an index.
- Broad by design: roughly 500 investment-grade munis, with diversification and controlled turnover written into the stated mandate rather than left to a manager's mood.res.avantisinvestors.com
- The portfolio does what the prospectus says: US investment-grade municipal debt, federal tax-exempt income, and one of the stronger showings in a crowded muni peer group.
Worth knowing
- Thinly traded with a modest asset base, so bid-ask spreads can run wider than at index heavyweights like VTEB and MUB.
- Cheap for active, not cheap outright: index rivals VTEB and SCMB charge 0.03%. You are paying up for the oversight.
- The exemption is federal only, and municipal bonds still carry interest-rate and credit risk. A 2020 launch means a shorter track record than the muni mainstays.res.avantisinvestors.com
AVMU Holdings
- Bonds
- 544
- 12%
- SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 4
Geography
- United States100.00%
AVMU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AVMU |
|---|---|
| Year to date | −3.8% |
| 1 month | −3.4% |
| 3 months | −5.7% |
| 1 year | −1.4% |
| 3 years | +2.2% |
| 5 years | −0.2% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AVMU |
|---|---|---|
| 2026 YTD | −3.8% | |
| 2025 | +3.9% | |
| 2024 | +1.7% | |
| 2023 | +5.2% | |
| 2022 | −7.3% | |
| 2021 | +0.3% | |
| 2020 | +0.2% |
AVMU in the news
ETF.net Research hasn’t filed on AVMU yet — coverage lands here as it’s written.
AVMU Dividends
- 3.69%
- $1.60
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 4, 2026 | Sep 8, 2026 | $0.12 |
| Aug 6, 2026 | Aug 10, 2026 | $0.14 |
| Jul 7, 2026 | Jul 9, 2026 | $0.13 |
| Jun 4, 2026 | Jun 8, 2026 | $0.12 |
| May 6, 2026 | May 8, 2026 | $0.12 |
| Apr 7, 2026 | Apr 9, 2026 | $0.15 |
| Mar 5, 2026 | Mar 9, 2026 | $0.13 |
| Feb 5, 2026 | Feb 9, 2026 | $0.16 |
| Dec 16, 2025 | Dec 18, 2025 | $0.14 |
| Dec 1, 2025 | Dec 3, 2025 | $0.12 |
| Nov 3, 2025 | Nov 5, 2025 | $0.13 |
| Oct 1, 2025 | Oct 3, 2025 | $0.15 |
AVMU Risk
- 5.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.29
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −11.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AVMU Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
8 of the 62 Other Municipal Bond funds charge less.