AOR vs AVMA

AORAiShares Core 60/40 Balanced Allocation ETF

AVMABAvantis Moderate Allocation ETF

In short

AOR One ticker, one whole 60/40 portfolio: a short list of iShares stock and bond ETFs, live since 2008, at 0.15% net of a waiver through November 30, 2026 (0.20% gross).

AVMA A one-ticket 65/35 balanced fund built entirely from Avantis' own ETFs, so the stock side leans toward cheaper, more profitable companies instead of simply tracking the market. All-in cost: 0.21%.

Stated mandate

AOR The fund seeks to track an index of underlying equity and fixed-income funds designed to represent a growth-oriented target-risk allocation.

AVMA The fund seeks long-term capital appreciation through a strategic allocation providing broad market exposure while emphasizing securities with higher expected returns.

Why people hold it

• AOR The index holds the stock and bond ETFs and keeps the mix at roughly 60% equities and 40% bonds, so the rebalancing happens inside the fund, not in your account.ishares.com
• At 0.15% net of a waiver through November 30, 2026 (0.20% gross), it sits below the category median and under peers like AVMA at 0.21% and CGBL at 0.33%.ishares.com
• Trading since November 2008, it is now a multi-billion-dollar fund that pays quarterly, and sibling AOM runs the same plumbing at a 40/60 mix.ishares.com
• It holds what the label says and stays tight to its benchmark, which is the entire job here: one of the strongest implementations in its peer group.

• AVMA Not a plain index blend: the equity sleeves emphasize securities with higher expected returns, which in Avantis language means tilting to value and profitability.sec.gov
• 0.21% covers both the wrapper and the underlying Avantis funds it holds, and sits near the typical moderate-allocation fee with no waiver propping it up.sec.gov
• Roughly 1,500 underlying positions across US stocks, foreign stocks and bonds from one ticker, with a 65/35 neutral mix managers rebalance back toward preset ranges. Pays quarterly.avantisinvestors.com

Worth knowing

• AOR The 0.15% net nets out the 0.05% of fees charged by the iShares funds it owns. That waiver is contractual through November 30, 2026, not permanent.ishares.comishares.com 2
• The split is set by the index, so you cannot tilt stocks or bonds yourself, and the 40% bond sleeve brings interest-rate sensitivity along with the ballast.ishares.com
• History before February 2025 sits under the old names: iShares Core Growth Allocation ETF, tracking the S&P Target Risk Growth Index.sec.govishares.com

• AVMA AOR and AOM do the balanced-fund job for 0.15%, net of a waiver through November 30, 2026. The extra here buys the factor tilts, not a cheaper wrapper.
• Every holding is an Avantis fund, so this is one shop's read on value and profitability, and those tilts can trail a plain cap-weighted blend for long stretches.sec.gov
• A smaller, thinly traded fund that launched in 2023, so on any given trade the spread can cost more than the fee does.

Full AOR profile⁠

Full AVMA profile⁠