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ETFs

Avantis Core Fixed Income ETF

AVIG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2020
Expense Ratio
0.15%
Type
Global Bonds
Fund Owner
Avantis Investors
Volume (1m avg. daily)
$3,516,907
AUM
$546,597,523
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GNMA II TBA 30 YR 5.5 JUMBOS
1.96%
n/a
Fannie Mae 4.5 % TBA MBS Single Family 30 Years Maturity Settles October
1.94%
n/a
Fannie Mae 4 % TBA MBS Single Family 30 Years Maturity Settles October
1.81%
n/a
GNMA II TBA 30 YR 4 JUMBOS
1.76%
n/a
GNMA II TBA 30 YR 4.5 JUMBOS
1.73%
B 0 10/19/23
TREASURY BILL 10/23 0.00000
1.69%
B 0 11/09/23
TREASURY BILL 11/23 0.00000
1.65%
n/a
Fannie Mae 3 % TBA MBS Single Family 30 Years Maturity Settles October
1.43%
B 0 09/28/23
TREASURY BILL 09/23 0.00000
1.39%
n/a
US TREASURY N/B 05/43 2.875
1.31%
Invest with AVIG

What is AVIG?

The fund invests primarily in investment grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers. The funds investment process uses an analytical framework, which includes an assessment of securities expected income and capital appreciation, to seek securities with high expected returns. The portfolio managers categorize securities within the fund s investment universe into component groups based on factors such as industry sector, credit rating, duration, country, and currency. The portfolio managers then calculate the expected return implied by the yield curve of each component group, while considering valuation metrics such as yield, duration, and option adjusted spreads. Finally, the portfolio managers adjust the portfolio to arrive at position weightings for each component group with the goal of building a portfolio with enhanced expected return. Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. Fixed income securities in which the fund may invest include corporate bonds and notes issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations including supranational organizations. The fund may also invest in derivative instruments such as futures contracts or swap agreements, including credit default swaps, credit default swap indexes, and total return swaps. The fund expects to maintain a weighted average duration within 2 years of the weighted average duration of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond index, as calculated by the manager. Duration is used to assess the sensitivity of a security s price to changes in interest rates. The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index.

ETFs related toAVIG

ETFs correlated to AVIG include BND, AGG, BIV

AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
GBF
BlackRock Institutional Trust Company N.A. - iShares Barclays Government/Credit Bond Fund
NUBD
Nuveen Fund Advisors LLC - NuShares ESG U.S. Aggregate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAVIG

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with AVIG using Composer

FAQ

AVIG is a Global Bonds ETF. The fund invests primarily in investment grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers. The funds investment process uses an analytical framework, which includes an assessment of securities expected income and capital appreciation, to seek securities with high expected returns. The portfolio managers categorize securities within the fund s investment universe into component groups based on factors such as industry sector, credit rating, duration, country, and currency. The portfolio managers then calculate the expected return implied by the yield curve of each component group, while considering valuation metrics such as yield, duration, and option adjusted spreads. Finally, the portfolio managers adjust the portfolio to arrive at position weightings for each component group with the goal of building a portfolio with enhanced expected return. Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. Fixed income securities in which the fund may invest include corporate bonds and notes issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations including supranational organizations. The fund may also invest in derivative instruments such as futures contracts or swap agreements, including credit default swaps, credit default swap indexes, and total return swaps. The fund expects to maintain a weighted average duration within 2 years of the weighted average duration of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond index, as calculated by the manager. Duration is used to assess the sensitivity of a security s price to changes in interest rates. The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index.

Yes, AVIG is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AVIG is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AVIG is -0.0129%. This is the percent change in the value of AVIG over the most recent 1-month period. The 3-month return on AVIG is -0.0309%. This is the percent change in the value of AVIG over the most recent 3-month period.

The standard deviation of AVIG for the past year is 0.0798%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AVIG include GSY, GVI, and BLV.

ETFs correlated to AVIG include BND, AGG, and BIV.

ETFs that are inversely correlated to AVIG include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.