ETF Evaluator:
Avantis Core Fixed Income ETF (AVIG)
Follow This ETF
(as of Aug 21)
Best Performing in Intermediate Core Bond Over the Last Year
| 7.3% | Aptus Enhanced Yield ETF (JUCY) |
| 6.6% | SGI Enhanced Core ETF (USDX) |
| 5.9% | Hartford Schroders Tax-Aware Bond ETF (HTAB) |
| 5.1% | Overlay Shares Core Bond ETF (OVB) |
| 4.8% | NEOS Enhanced Income Aggregate Bond ETF (BNDI) |
Risk
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Risk
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ETF Details
Avantis Core Fixed Income ETF Overview
Avantis Core Fixed Income ETF (AVIG) is an actively managed Taxable Bond Intermediate Core Bond exchange-traded fund (ETF). Avantis Investors launched the ETF in 2020.
The investment seeks to maximize total return.
The fund invests primarily in investment grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers. Under normal market conditions, it will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. The fund seeks to maintain a weighted average duration within 2 years of the weighted average duration of its benchmark, the Bloomberg U.S. Aggregate Bond index, as calculated by the manager.
About Avantis Core Fixed Income ETF (AVIG)
There are 4 members of the management team with an average tenure of 5.80 years: Daniel Ong (2020), Mitchell Handa (2020), Hozef Arif (2020) and Eduardo Repetto (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Avantis Core Fixed Income ETF has 875 securities in its portfolio. The top 10 holdings constitute 13.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Avantis Core Fixed Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Avantis Core Fixed Income ETF has 12.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 106.3% (94.3% domestic bond, 12.1% foreign bond and 0.0% convertible bond). Avantis Core Fixed Income ETF has -6.3% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $6 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AVIG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Avantis Core Fixed Income ETF expense ratio is low compared to funds in the Intermediate Core Bond category. Avantis Core Fixed Income ETF has an expense ratio of 0.15%, which is 53% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Avantis Core Fixed Income ETF has a portfolio turnover rate of 332%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 95% for the Intermediate Core Bond category.
Recently, in the month of July 2026, Avantis Core Fixed Income ETF returned -1.2%, which earned it a grade of B, as the Intermediate Core Bond category had an average return of -1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Avantis Core Fixed Income ETF has a trailing yield of 4.41%, which is below the 4.44% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Avantis Core Fixed Income ETF Grades
Year to date, the ETF has returned -0.7%, 0.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.7% over the past year (grade of C), 4.2% over the past three years (grade of B) and -0.4% per year over the past five years (grade of C).
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AVIG Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AVIG Return (NAV) | -1.2% | -0.8% | 2.7% | 4.2% | -0.4% | na |
| AVIG Return (Price) | -1.2% | -0.8% | 2.8% | 4.2% | -0.4% | na |
| NAV +/- Price Return | -0.012% | -0.015% | -0.027% | 0.034% | 0.010% | na |
| Intermediate Core Bond Avg | -1.2% | -0.7% | 3.0% | 4.0% | -0.3% | 1.5% |
| AVIG Grade (NAV) | B | D | C | B | C | na |
| +/- Category (NAV) | -0.0% | -0.2% | -0.3% | 0.2% | -0.1% | na |
| AVIG Tax-Cost Ratio | na | na | 1.7% | 1.8% | 1.5% | na |
AVIG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AVIG Return (NAV) | -0.7% | 7.9% | 1.7% | 6.2% | -13.8% | -2.1% | na | na | na | na | na |
| AVIG Return (Price) | -0.7% | 8.0% | 1.5% | 6.4% | -13.9% | -2.2% | na | na | na | na | na |
| NAV +/- Price Ret | -0.032% | 0.007% | -0.111% | 0.026% | 0.009% | 0.042% | na | na | na | na | na |
| Intermediate Core Bond Avg | -0.4% | 7.1% | 1.9% | 6.0% | -13.2% | -1.5% | 7.6% | 9.1% | -0.5% | 3.7% | 3.0% |
| AVIG Grade (NAV) | D | A | C | B | D | F | na | na | na | na | na |
| +/- Category | -0.3% | 0.8% | -0.1% | 0.3% | -0.6% | -0.6% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 99% |
| Standard Deviation: | 5.7% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.46 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.4% |
| Total Assets: | $ 1,951 Mil |
| Share Class Assets: | $ 1,951 Mil |
| Turnover: | 332.0% |
| Expense Ratio: | 0.15% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 5.8 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Ong Daniel (2020), Handa Mitchell (2020), Arif Hozef (2020), Repetto Eduardo (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 875 |
| % in Top 10 Holdings: | 13.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 94.3% |
| Foreign Bond: | 12.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -6.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Avantis Investors |
| Phone Number: | |
| Website: | americancenturyetfs.com |
| Inception Date: | October 13, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.32% |
