AVMC vs JMID

AVMCAAvantis U.S. Mid Cap Equity ETF

JMIDBJanus Henderson Mid Cap Growth Alpha ETF

In short

AVMC The forgotten middle of the US market, run the Avantis way: roughly 600 mid-cap names tilted toward cheaper stocks with stronger profits, at 0.18% a year. Systematic active management priced like an index fund.

JMID Mid-cap growth run by model, not by gut: Janus Henderson's proprietary factor process picks roughly 80 names against the Russell Midcap Growth Index, priced well under what the typical active US stock ETF charges.

Stated mandate

AVMC Seeks long-term capital appreciation through a broad portfolio of U.S. mid-cap companies, emphasizing securities with lower valuations and higher profitability ratios.

JMID JMID seeks long-term growth of capital. It is an actively managed mid-cap growth ETF using a systematic, proprietary-factor process that combines quantitative and fundamental methods to pursue alpha and manage risk.

Why people hold it

• AVMC 0.18% a year, against a 0.65% median for active US equity funds. Index-fund pricing on an active mandate.
• Spreads the value-and-profitability tilt across roughly 600 mid-caps, so it leans on the screen rather than a handful of concentrated picks.avantisinvestors.com
• One of the strongest implementations in our active US equity group, sitting with large-cap sibling AVLC and the Dimensional core funds.
• Pure mid-cap exposure with a quarterly distribution, filling the gap most portfolios leave between mega-caps and small caps.

• JMID 0.30% a year, against a 0.65% median for active US equity ETFs. Genuine security selection at close to index-fund pricing.
• A systematic, proprietary-factor process blends quantitative and fundamental inputs to pursue alpha and manage risk, so the portfolio rests on a repeatable method rather than one manager's convictions.janushenderson.com
• Roughly 80 mid-cap holdings measured against the Russell Midcap Growth Index: concentrated enough to look different from the benchmark, spread out enough that one stumble isn't fatal.janushenderson.com
• Pays quarterly, and on cost and portfolio construction it stands among the stronger builds in the active US equity group we cover.

Worth knowing

• AVMC Trades lighter than the giant index ETFs, which can mean wider bid-ask spreads at the moment you transact.
• Launched in 2023, so the live record is short. There's no published index behind it either: outcomes come from Avantis' own valuation and profitability rules.
• All mid-cap, no mega-cap ballast, plus a tilt away from expensive names. Both can put it out of step with a market led by the largest growth stocks.

• JMID Launched in 2024 and still small, with light daily volume. Spreads can widen, which is worth knowing before you place an order.
• The short history means less evidence on how the model handles a full market cycle than older active funds can show.
• Not the cheapest door to this style: FEMG is benchmarked to the same Russell Midcap Growth Index at 0.23%.

Full AVMC profile⁠

Full JMID profile⁠