Avantis Core Fixed Income ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, Avantis Core Fixed Income ETF held 823 positions with $1.87B in net assets. Its ten largest holdings made up 13.0% of the fund. The AVIG share class costs 0.15% a year. Over the 12 months to Jun 2026, AVIG returned 3.9%, with dividends reinvested. In 2026 Q3 it added 114 new positions and exited 73.
The fund seeks to maximize total return.
The fund actively selects investment-grade fixed income securities across U.S. and international issuers, using an analytical framework that calculates expected returns by yield curve and valuation metrics such as yield, duration, and option-adjusted spreads to construct a portfolio with enhanced expected return. The fund maintains weighted average duration within 2 years of the Bloomberg U.S. Aggregate Bond Index. Because portfolio performance depends on the portfolio managers' security selection decisions, results may diverge from the benchmark.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Ginnie Mae 5.00% · due 2056-02-20 | 1.56% | $29.10M | — |
Ginnie Mae 5.00% · due 2056-02-20 | 1.40% | $26.17M | — |
Ginnie Mae 3.50% · due 2055-07-20 | 1.40% | $26.11M | — |
U.S. TREASURY 0.00% · due 2026-06-16 | 1.34% | $24.96M | — |
U.S. TREASURY 0.00% · due 2026-06-23 | 1.33% | $24.94M | — |
U.S. TREASURY 0.00% · due 2026-07-02 | 1.33% | $24.92M | — |
U.S. TREASURY 0.00% · due 2026-07-21 | 1.33% | $24.87M | — |
U.S. TREASURY 0.00% · due 2026-06-30 | 1.17% | $21.94M | — |
Federal National Mortgage Association 5.00% · due 2056-01-25 | 1.08% | $20.17M | — |
U.S. TREASURY 0.00% · due 2026-07-09 | 1.07% | $19.92M | — |
The 200 largest of 823 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 99.13% |
| Securitized | 19.79% |
| Cash & short-term | 0.59% |
| Derivatives | 0.05% |
These positions come to 119.56% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
By sector
- Government
- 30.2%
- Securitized
- 16.6%
- Other
- 11.1%
- Financials
- 9.9%
- 12 other sectors
- 32.3%
- Government
- 30.2%
- Securitized
- 16.6%
- Other
- 11.1%
- Financials
- 9.9%
- International
- 5.9%
- Utilities
- 5.1%
- Industrials
- 3.9%
- Health Care
- 3.7%
- Real Estate
- 3.4%
- Consumer Staples
- 2.9%
- Information Technology
- 2.6%
- Communication Services
- 1.5%
- Energy
- 1.3%
- Consumer Discretionary
- 1.1%
- Cash
- 0.5%
- Materials
- 0.5%
How it has done
AVIG share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.05%. Past returns are a record, not a forecast.
Jul 2026 and Aug 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Avantis Core Fixed Income ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.15%· AVIG 0.15%
- Portfolio turnover
- 332.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
114 new· the largest 2
73 exited· the largest 2
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 89.6% |
| Zero-coupon or unclassified | 8.1% |
| Floating rate | 2.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 13.0% |
| 1-3y | 8.7% |
| 3-5y | 16.2% |
| 5-10y | 32.3% |
| 10y+ | 29.7% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 55% |
| Credit spreads | 45% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +4.73 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.30 yr | 5% |
| 5 yr | 1.81 yr | 31% |
| 10 yr | 2.46 yr | 42% |
| 30 yr | 1.29 yr | 22% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.14 yr | 3% |
| 5 yr | 1.56 yr | 33% |
| 10 yr | 1.98 yr | 42% |
| 30 yr | 1.05 yr | 22% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.00 | +0.00 | $112 | $0 |
| 1 yr | +0.30 | +0.14 | +0.00 | $26.1k | $0 |
| 5 yr | +1.81 | +1.56 | +0.00 | $290.8k | $0 |
| 10 yr | +2.46 | +1.98 | +0.00 | $370.2k | $0 |
| 30 yr | +1.29 | +1.05 | +0.00 | $195.5k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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