ETF Evaluator:
Avantis Moderate Allocation ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Moderate Allocation Over the Last Year
| 29.1% | Adaptive Core ETF (RULE) |
| 21.3% | Monarch Volume Factor Dividend Tree ETF (MVFD) |
| 19.5% | Avantis Moderate Allocation ETF (AVMA) |
| 19.4% | Ned Davis Research 360 Dyn Allc ETF (NDAA) |
| 16.0% | SMI 3Fourteen REAL Asset Allocation ETF (RAA) |
Risk
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Risk
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ETF Details
Avantis Moderate Allocation ETF Overview
Avantis Moderate Allocation ETF (AVMA) is an actively managed Allocation Moderate Allocation exchange-traded fund (ETF). Avantis Investors launched the ETF in 2023.
The investment seeks long-term capital appreciation.
The fund is a “fund of funds,” meaning that it seeks to achieve its objective by investing in other Avantis ETFs (collectively, the underlying funds). The underlying funds represent a broadly diversified basket of equity and fixed income securities that seek to select or overweight securities that are expected to have higher returns or better risk characteristics than a passive, market-cap weighted index. The managers will allocate to the underlying funds across geographies and investment styles to achieve the desired allocation.
About Avantis Moderate Allocation ETF (AVMA)
There are 5 members of the management team with an average tenure of 3.10 years: Daniel Ong (2023), Mitchell Firestein (2023), Eduardo Repetto (2023), Ted Randall (2023) and Matthew Dubin (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Avantis Moderate Allocation ETF has 18 securities in its portfolio. The top 10 holdings constitute 92.4% 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 Moderate Allocation ETF is part of the Allocation global asset class and is within the Allocation ETF group. Avantis Moderate Allocation ETF has 26.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 46.1% There is 19.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 34.6% (28.3% domestic bond, 6.3% foreign bond and 0.0% convertible bond). Avantis Moderate Allocation ETF has -0.4% of the portfolio in cash.
Assets Under Management
The fund has $82 million in total assets, which is below the $411 million average for the Moderate Allocation 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.
AVMA 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 Moderate Allocation ETF expense ratio is below average compared to funds in the Moderate Allocation category. Avantis Moderate Allocation ETF has an expense ratio of 0.21%, which is 78% lower than its category average, making the fund expense ratio grade a A. 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 Moderate Allocation ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 162% for the Moderate Allocation category.
Recently, in the month of July 2026, Avantis Moderate Allocation ETF returned -0.4%, which earned it a grade of D, as the Moderate Allocation category had an average return of -1.0%. 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 Moderate Allocation ETF has a trailing yield of 2.02%, which is below the 2.36% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
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 Moderate Allocation ETF Grades
Year to date, the ETF has returned 10.6%, 3.2 percentage points better than the category, which translates into a grade of A. The fund has returned 19.5% over the past year (grade of A) and 13.8% over the past three years (grade of A).
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AVMA 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 |
|
| AVMA Return (NAV) | -0.4% | 2.5% | 19.5% | 13.8% | na | na |
| AVMA Return (Price) | -0.4% | 2.5% | 19.6% | 13.9% | na | na |
| NAV +/- Price Return | 0.009% | -0.000% | -0.086% | -0.050% | na | na |
| Moderate Allocation Avg | -1.0% | 1.5% | 13.8% | 10.7% | 4.9% | na |
| AVMA Grade (NAV) | D | B | A | A | na | na |
| +/- Category (NAV) | 0.6% | 1.0% | 5.7% | 3.1% | na | na |
| AVMA Tax-Cost Ratio | na | na | 0.8% | 0.9% | na | na |
AVMA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AVMA Return (NAV) | 10.6% | 16.6% | 10.1% | na | na | na | na | na | na | na | na |
| AVMA Return (Price) | 10.6% | 16.7% | 10.0% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.001% | 0.007% | -0.007% | na | na | na | na | na | na | na | na |
| Moderate Allocation Avg | 7.4% | 10.4% | 12.0% | 10.2% | -14.7% | 13.8% | 11.5% | 18.3% | -7.5% | na | na |
| AVMA Grade (NAV) | A | A | D | na | na | na | na | na | na | na | na |
| +/- Category | 3.2% | 6.2% | -1.9% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 93% |
| Standard Deviation: | 9.7% |
| Category Risk Index: | 0.99 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.79 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 2.0% |
| Total Assets: | $ 82 Mil |
| Share Class Assets: | $ 82 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.21% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 3.1 years | |||
| Average Tenure: 3.1 years | |||
| Managers (Year): Ong Daniel (2023), Firestein Mitchell (2023), Repetto Eduardo (2023), Randall Ted (2023), Dubin Matthew (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 92.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 26.0% |
Portfolio Allocation |
|
| Domestic Stock: | 46.1% |
| Foreign Stock: | 19.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 28.3% |
| Foreign Bond: | 6.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Avantis Investors |
| Phone Number: | 833-928-2684 |
| Website: | americancenturyetfs.com |
| Inception Date: | June 27, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.21% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.95% |
