Avantis Core Municipal Fixed Income ETF (AVMU)
ARCA ARCA Primary Summary
AVMU Chart
Municipal Bond Funds: Time To Shine Or Curtain Call?
Municipal bonds are back to offer compelling risk-adjusted opportunities, but future decisions from Washington can either act as a tailwind or headwind. Municipal bond funds saw net inflows during 2024, first annual inflow since 2021—which was a record year. 2024 was a record year in municipal bond issuance. With attractive yields, the market may start to pay more attention to tax-equivalent yield advantages offered through municipal debt.
Municipal Fixed Income: Shelter From The Storm?
Specific to the muni market, perhaps the biggest surprise this year has been new issue supply that is running well ahead of expectations, up roughly 40% from last year. We think this increased summer issuance is likely the result of deals getting pulled forward, as issuers may be cautious about coming to market later in the fall ahead of what is likely to be an uncertain U.S. political climate. While municipal credit quality has already peaked, it is entering this period of moderating economic growth from a position of strength.
Avantis Core Municipal Fixed Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Clint Dunn Beaird Harris Wealth Management LLC | 170,145 | $7.97M | $7.82M | -$142,555.9 | -1.79% |
 MATTHEW HALL Hill Investment Group Partners, LLC | 8,410 | $388,878.4 | $385,892.85 | -$2,985.55 | -0.77% |
 Nemes Rush Group LLC Nemes Rush Group LLC | 3,463 | $157,988.03 | $158,899.75 | $911.72 | 0.58% |
 Christopher C. Powers Farther Finance Advisors, LLC | 435 | $19,949 | $19,983.9 | $34.9 | 0.17% |
 Bradley Wilson Crews Bank & Trust | 13,369 | $613,704.64 | $614,706.62 | $1,001.98 | 0.16% |
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Avantis Core Municipal Fixed Income ETF Profile
| ARCA Exchange | US Country |
Overview
The fund principally focuses on investing in municipal fixed income securities whose interest payments are exempt from federal income tax. With a strong emphasis on maintaining at least 80% of its net assets (including any borrowings for investment objectives) in such tax-exempt securities, the fund showcases a strategic approach towards leveraging the benefits of municipal bonds to achieve its investment goals. The investment strategy underscores a conservative posture by primarily targeting investment-grade securities, substantiated either through independent rating agencies or the advisor's internal credit quality assessments for unrated securities. This approach is tailored to attract investors looking for steady income with a mindful avoidance of federal income tax on their investments.
Products and Services
- Municipal Fixed Income Securities
This product focuses on investment in municipal bonds that offer income exempt from federal income tax. The strategic selection of these bonds aims to provide a stable source of tax-advantaged income for investors, prioritizing securities that achieve a balance between risk and return. The fund targets securities that are primarily of investment grade, which indicates a lower risk of default and aligns with the fund's risk management strategy.
- Investment Grade Securities
Within the broader category of municipal fixed income securities, the fund places a special emphasis on investment grade securities. These are bonds that have been rated by independent rating agencies or are deemed by the advisor to possess comparable credit quality, reflecting a lower risk of default. This focus underscores the fund's commitment to safeguarding investor capital while seeking to generate tax-exempt income. This classification enables investors to partake in a risk-adjusted approach to municipal bond investment.
