Avantis Core Municipal Fixed Income ETF
$44.72+0.25 (+0.56%)
- 0.15%
- $172M
- 0.0%
- 3.59%
- 26.9K sh
- low $42.21high $47.14
The ETF.net AVMU Grade
B
Score 68 out of 100
- 19 of 63
Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A86 out of 100Rank 9 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 32 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 43 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 54 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 25 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 33 of 63
Our read on AVMU
In short
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.
Stated mandate
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
Worth knowing
AVMU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
AVMU$10,002
Returns run to the Oct 30, 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 | −1.3% |
| 1 month | +4.4% |
| 3 months | −1.2% |
| 1 year | 0.0% |
| 3 years | +4.2% |
| 5 years | +0.5% |
| 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 | −1.3% | |
| 2025 | +3.9% | |
| 2024 | +1.7% | |
| 2023 | +5.2% | |
| 2022 | −7.3% | |
| 2021 | +0.3% | |
| 2020 | +0.2% |
AVMU in the news
AVMU Dividends
- 3.59%
- $1.60
- $0.14 per share
- Monthly
AVMU Risk
- 6.6%
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.
- −0.03
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.
- −11.8%
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.
FMP measures it over up to five years of monthly returns.
AVMU Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$2,499
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
AVMU 0.15%
$3,137
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | AVMU | VTEB | Overpaying |
|---|---|---|---|
| 10 | $274 | $55 | $219 |
| 20 | $1,071 | $216 | $855 |
| 30 | $3,137 | $638 | $2,499 |
Other funds in Other Municipal Bond
- BDFCADimensional California Municipal Bond ETFExpense ratio 0.19%1 year return +0.6%
- BPZAInvesco National AMT-Free Municipal Bond ETFExpense ratio 0.28%1 year return −2.0%
- BCATFAmerican Century California Municipal Bond ETFExpense ratio 0.25%1 year return +0.6%
- BFMBFirst Trust Managed Municipal ETFExpense ratio 0.39%1 year return 0.0%
- BPWZInvesco California AMT-Free Municipal Bond ETFExpense ratio 0.28%1 year return −1.2%
