Avantis U.S. Large Cap Value ETF

The fund actively selects large-capitalization U.S. equities screened for value characteristics (adjusted book-to-price ratio), profitability (adjusted operating cash flow to book value), and smaller market capitalizations relative to peers, then weights holdings by market capitalization with adjustments based on these factors. Because security selection depends on the portfolio managers' analysis of financial metrics and market data, fund performance will diverge from any index. The fund is actively managed and does not track a specified index.