AvantisBonds & CashMunicipal#523 of 786 by YTD

Avantis Core Municipal Fixed Income ETFAVMU

1D 1M 3M YTD 1Y 3Y 5Y MAX

S&P 500 Compare

$44.92+0.4%

+$0.20 · Nov 6 close

Buy

AUM: $174M
Fee: 0.15%
Yield: 3.6%

Bumpy · 1Y: 0.3×S&P
Volume: 105K
NAV: $45.08

What's insideAll 574 →

LOS ANGELES CA DEPT OF WTR P LOSUTL 07/32 FIXED 5 1.7%JOBSOHIO BEVERAGE SYS STWD LIQ JOBGEN 01/36 FIXED 5 1.7%SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 4 1.5%NEW YORK NY NYC 08/32 FIXED 5 1.0%

52-week range5% below the high

$42.21$47.14

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.4%	+5.1%	−0.5%	0.0%	+1.6%	+13.8%	+3.8%	+3.5%
Peer average	+0.2%	+4.2%	−0.2%	+1.1%	+1.5%	+15.2%	+3.0%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

AVMU in One Breath

AVMU Among Municipal ETFs

YTD

#1MMMANY Life Investments+3.5%$60.0M

#2TAXTFlexShares+2.7%$198M

#3MYMGSPDR+2.4%$8.6M

#4INMUiShares+2.4%$814M

#5SMMUPIMCO+2.3%$1.3B

#6SHYMiShares+2.3%$931M

#7TMNLT. Rowe Price+2.2%$24.7M

#8MMSDNY Life Investments+2.2%$88.0M

#130AVMUAvantis0.0%$174M

End-of-day Nov 8, 2026 · 141 Municipal ETFs by YTD

$10,000 in AVMU

$10,000 in AVMU became

$10,379

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

AVMU’s Top Holdings

Today

LOS ANGELES CALos Angeles Ca Dept Of Wtr P Losutl 07/32 Fixed 51.7%JOBSOHIO BEV1.7%SAN ANTONIO 1.5%NEW YORK NY 1.0%GRAND PARKWA0.9%COLORADO ST 0.8%NEW YORK ST 0.8%SAN JACINTO 0.8%WASHINGTON S0.8%CONNECTICUT 0.8%DIST OF COLU0.8%NEW YORK ST 0.8%LOS ANGELES 0.7%MISSISSIPPI 0.7%DELAWARE VLY0.7%MICHIGAN ST 0.7%CALIFORNIA S0.7%ENERGY N W W0.6%CALIFORNIA S0.6%LOWER COLORA0.6%PENNSYLVANIA0.6%RHODE ISLAND0.6%

Avantis AVMU · 575 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What AVMU Holds

Today

All holdings100.0%

LOS ANGELE 1.7 · JOBSOHIO B 1.7 · SAN ANTONI 1.5 · NEW YORK N 1.0 · GRAND PARK · COLORADO S · NEW YORK S

Avantis AVMU · share of the fund · as of Nov 6, 2026

Los’ Share of AVMU

Today

1.7%

$17 of every $1,000 in AVMU is Los

Los held by AVMU

$2.9M

Avantis AVMU · each square = $10 of $1,000 · as of Nov 6, 2026

AVMU’s Share of Municipal ETFs

Today

0.1%

of the $247B in 166 Municipal ETFs

AVMU$174M0.1%

MUB$55.0B22.3%

VTEB$49.6B20.1%

163 others$142B57.5%

Municipal ETF AUM · Nov 8, 2026

AVMU Fee per $100 vs Peers

Today

$0.15a year
per $100

$15 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

AVMU$0.15

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 8, 2026

Inside AVMU

575 holdings · as of Nov 6, 2026

AVMU

Avantis Core Municipal Fixed Income ETF

Today

All holdings100.0%561 more holdings86.3% of the fund

All holdings100.0%569 more holdings92.3% of the fund

#	Ticker	Company	Weight ▼
1	—	LOS Angeles CA Dept OF WTR P Losutl 07/32 Fixed 5	1.70%
2	—	Jobsohio Beverage SYS Stwd LIQ Jobgen 01/36 Fixed 5	1.66%
3	—	SAN Antonio TX PUB Facs L Sanfac 09/42 Fixed OID 4	1.54%
4	—	NEW York NY NYC 08/32 Fixed 5	1.05%
5	—	Grand Parkway Transprtn T Gpttrn 10/45 Fixed 4	0.90%
6	—	Colorado ST Cops Cosctf 12/40 Fixed 4	0.83%
7	—	NEW York ST Urban DEV SAL Nysfac 03/39 Fixed 4	0.80%
8	—	SAN Jacinto TX Cmnty CLG Dist Snjhgr 02/41 Fixed 4	0.80%
9	—	Washington ST WAS 02/45 Fixed 5	0.79%
10	—	Connecticut ST CTS 10/34 Fixed 5	0.76%

See all 574 holdings ↓

Avantis AVMU · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 17.5%

All AVMU Holdings

574 holdings · as of Nov 6, 2026

AVMU

AVMU’s Holdings

Today

#
1	—Jobsohio Beverage SYS Stwd LIQ Jobgen 01/36 Fixed 5	1.66%	$166.13	2.5M	$2.8M
2	—SAN Antonio TX PUB Facs L Sanfac 09/42 Fixed OID 4	1.54%	$153.62	2.8M	$2.6M
3	—NEW York NY NYC 08/32 Fixed 5	1.05%	$104.62	1.6M	$1.8M
4	—Grand Parkway Transprtn T Gpttrn 10/45 Fixed 4	0.90%	$90.39	1.7M	$1.5M
5	—Colorado ST Cops Cosctf 12/40 Fixed 4	0.83%	$83.27	1.5M	$1.4M
6	—NEW York ST Urban DEV SAL Nysfac 03/39 Fixed 4	0.80%	$80.38	1.4M	$1.4M
7	—SAN Jacinto TX Cmnty CLG Dist Snjhgr 02/41 Fixed 4	0.80%	$79.84	1.4M	$1.4M
8	—Washington ST WAS 02/45 Fixed 5	0.79%	$79.14	1.3M	$1.4M
9	—Connecticut ST CTS 10/34 Fixed 5	0.76%	$75.97	1.1M	$1.3M
10	—Dist OF Columbia Income TAX SE Disgen 03/40 Fixed 4	0.75%	$75.33	1.3M	$1.3M
11	—NEW York ST Dorm Auth Revenues Nyshgr 07/41 Fixed 5	0.75%	$75.20	1.3M	$1.3M
12	—LOS Angeles CA Dept OF WTR P Losutl 07/31 Fixed 5	0.71%	$71.09	1.1M	$1.2M
13	—Mississippi ST MSS 10/29 Fixed 5	0.70%	$70.36	1.2M	$1.2M
14	—Delaware VLY PA Regl FIN Auth Dlvgen 07/32 Fixed 5.75	0.68%	$68.38	1.0M	$1.2M
15	—Michigan ST Univ Revenues Mishgr 02/44 Fixed 4	0.67%	$67.18	1.3M	$1.1M

Avantis AVMU · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

AVMU

Avantis Core Municipal Fixed Income ETF’s Peers

Today


MUB	iSharesRead Desk	0.05%	+0.4%	+0.9%	$55.0B
VTEB	VanguardRead Desk	0.03%	+0.2%	+1.3%	$49.6B
SUB	iSharesRead Desk	0.07%	0.0%	+2.5%	$13.4B
JMUB	J.P. MorganRead Desk	0.18%	+0.1%	+1.4%	$9.2B
CGMU	Capital GroupRead Desk	0.27%	+0.2%	+2.0%	$7.6B
AVMU	AvantisThis fundRead Desk	0.15%	+0.4%	+1.6%	$174M

Municipal peers · Today’s and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put AVMU head to head with MUB →

MUB vs AVMU

YTD

MUBiShares · MunicipalAVMUAvantis · Municipal

Year to date

+0.5%

+0.0%

MUB wins+0.5 pts

Past year

+0.9%

+1.6%

AVMU wins+0.7 pts

Fee

0.05%

0.15%

MUB winslower fee

Yield

3.3%

3.6%

AVMU wins+0.3 pts

AUM

$55.0B

$174M

MUB317.2× more

2–2level

iShares MUB and Avantis AVMU · year-to-date · as of Nov 9, 2026 · AUM not scored

AVMU vs VOO

YTD

AVMU · Avantis Core Municipal Fixed Income

+0.0%

VOO · S&P 500

+8.7%

Gap

8.7 pts

Avantis AVMU and Vanguard VOO · Today total return · as of Nov 9, 2026

AVMU vs Its Peer Average

YTD

AVMUAvsBPeer average

1D+0.4%+0.2%

1M+5.1%+4.2%

3M−0.5%−0.2%

YTD0.0%+1.1%

1Y+1.6%+1.5%

3Y+13.8%+15.2%

5Y+3.8%+3.0%

4–3AVMU wins

165 Municipal peers · each row scaled to its leader

How Bumpy Is AVMU?

View

AVMU

How Bumpy

0.3×the S&P 500’s swings

CalmerBumpierS&P 1×AVMU

Bumpiest of 7 municipal fundsAVMU

Other municipal funds0.1× to 0.3×

Avantis AVMU · daily swings over the past year vs the S&P 500

AVMU

Worst Drop

−8.6%from its Jul 6 high

Still below the high−2.2%

$10,000 at the high is now$9,780

Avantis AVMU · fall from the highest close, past year

AVMU

On a Bad Day

0.1×the S&P 500’s fall

AVMU’s worst day: Thursday, Jul 23

AVMU

−1.0%

S&P 500

−1.2%

Up days54 of every 100

S&P 500 up days52 of every 100

Avantis AVMU · average move on days the S&P 500 fell

AVMU

Return for the Bumps

1Y#1 of 7 municipal funds

#1AVMUAvantis

closest to cash

#2CGMUCapital Group

#3VTEBVanguard

#4MUBiShares

#5JMUBJ.P. Morgan

#6CMFiShares

#7SUBiShares

Every fund here earned less than cash (3.8%) over the past year; the bars still rank them by return for the bumps.

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

AVMU

Cost

Today

$15a year per $10,000

VTEB

MUB

SUB

CMF

AVMU

$15

JMUB

$18

CGMU

$27

Expense ratio 0.15%, taken from the fund’s value

AVMU

Volatility & Beta

4.5%annual volatility

S&P 500 volatility13.6%

Downside volatility3.2%

Beta vs SPY0.08

Correlation vs SPY0.24

Beta rank, lowest first, of 7#7

Daily total returns × √252 · past 254 trading days

AVMU

Max Drawdown

−8.6%peak to trough

Peak closeJul 6, 2026

Current drawdown−2.2%

Worst day−1.04% · Jul 23

Closing prices, dividends in

AVMU

Up / Down Capture

12%down capture vs SPY

Down days

12%

Up days

12%

S&P 500

100%

Up ÷ down capture1.02

Up days53.9% (S&P 52.0%)

Average daily move on SPY up days and down days

AVMU

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
AVMU	−0.57	−0.81	4.5%	−8.6%	0.08	$15
CGMU	−0.62	−0.84	3.0%	−5.6%	0.05	$27
VTEB	−0.69	−0.95	3.6%	−6.6%	0.07	$3
MUB	−0.71	−0.98	3.7%	−6.3%	0.08	$5
JMUB	−0.71	−0.97	3.4%	−5.9%	0.06	$18
CMF	−0.76	−1.02	3.6%	−6.5%	0.08	$8
SUB	−0.95	−1.40	1.4%	−1.9%	0.02	$7

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

AVMU

Trading

Today

−0.35%below its holdings’ value

Close$44.92

NAV$45.08

Fee per $10,000$15 a year

Avg. volume 30D40K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

AVMU

Fund Facts

Today

2020launched Dec 8

Tracks[…]

Exchange · CUSIPAMEX · 025072695

StructureETF

Leverage1x

Cost on $10,000$15 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Avantis AVMU · fund facts · as of Nov 9, 2026

AVMU

Payouts by Year

$0.14per share, Nov 2026

Distribution yield3.6%

PaidEvery month

Latest ex-date · paidNov 5 · Nov 9, 2026

12 payouts added up$1.60 a share

Avantis AVMU · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$45.08

Premium / discount[…]

Median spread · 30D[…]

Volume today105K

Average volume · 30D40K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.15%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$15.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 5, 2026	Nov 9, 2026	$0.14
Oct 6, 2026	Oct 8, 2026	$0.14
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

Issuer contentFrom AvantisHear the strategy from the people behind AVMU.No issuer videos have been published for this fund.Are you the issuer? Claim this fund →