On Thursday, following the launch of its first two mounted earnings ETFs in October, Avantis Trader
On Thursday, following the launch of its first two mounted earnings ETFs in October, Avantis Traders, a $2.5 billion funding model from world asset supervisor American Century Investments, introduced the launch of its first low-cost, broadly diversified municipal bond fund, the Avantis Core Municipal Fastened Revenue ETF (AVMU).
AVMU joins the Avantis Core Fastened Revenue ETF (AVIG) and the Avantis Quick-Time period Fastened Revenue ETF (AVSF) within the model’s mounted earnings ETF lineup. All three methods, listed on the New York Inventory Change (NYSE Arca, Inc.), are designed to seamlessly increase buyers’ asset allocation.
“We’re very pleased so as to add a municipal bond technique to our new mounted earnings lineup,” mentioned Eduardo Repetto, Avantis CIO. “We all know shoppers are in search of well-designed, low-cost options that provide the potential advantage of present earnings with tax benefits to their funding portfolios.”
AVMU has an expense ratio of 0.15% and is predicted to quickly be provided as a mutual fund with an Institutional Class on the similar whole annual working expense ratio.
Aiming Excessive
The fund invests primarily in funding grade high quality municipal debt obligations from a various group of issuers. The fund’s funding course of makes use of an analytical framework, together with assessing securities’ anticipated earnings and capital appreciation, searching for securities with excessive anticipated returns.
Much like Avantis’ different two mounted earnings ETFs, AVMU will probably be co-managed by Repetto, Senior Portfolio Supervisor Hozef Arif, Senior Portfolio Supervisor Mitchell Handa, and Senior Portfolio Supervisor Daniel Ong, CFA. Arif and Handa held portfolio administration positions with Pacific Funding Administration Firm (PIMCO); Ong beforehand was a senior portfolio supervisor with Dimensional Fund Advisors (DFA).
The brand new mounted earnings funds be part of Avantis Traders’ 5 inaugural fairness ETFs, launched throughout September 2019, adopted by 5 mutual funds that mirror the ETFs: Avantis Worldwide Small Cap Worth ETF (AVDV), Avantis Worldwide Fairness ETF (AVDE), Avantis Rising Markets Fairness ETF (AVEM), Avantis U.S. Fairness ETF (AVUS) and Avantis U.S. Small Cap Worth ETF (AVUV).
Avantis Traders is led by Eduardo Repetto, chief funding officer, and Patrick Keating, Chief Working Officer.
For extra details about American Century Investments, go to www.americancentury.com.
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