ETF Evaluator:
Avantis U.S. Mid Cap Equity ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
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ETF Details
Avantis U.S. Mid Cap Equity ETF Overview
Avantis U.S. Mid Cap Equity ETF (AVMC) is an actively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Avantis Investors launched the ETF in 2023.
The investment seeks long-term capital appreciation.
The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund’s mid cap investment universe.
About Avantis U.S. Mid Cap Equity ETF (AVMC)
There are 5 members of the management team with an average tenure of 2.73 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: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap TR USD index with a weighting of 100%. Avantis U.S. Mid Cap Equity ETF has 607 securities in its portfolio. The top 10 holdings constitute 6.4% 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 U.S. Mid Cap Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Avantis U.S. Mid Cap Equity ETF has 2.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.5% There is 2.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Avantis U.S. Mid Cap Equity ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $472 million in total assets, which is below the $4 billion average for the Mid-Cap Blend 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.
AVMC 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 U.S. Mid Cap Equity ETF expense ratio is low compared to funds in the Mid-Cap Blend category. Avantis U.S. Mid Cap Equity ETF has an expense ratio of 0.18%, which is 60% 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 U.S. Mid Cap Equity ETF has a portfolio turnover rate of 8%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, Avantis U.S. Mid Cap Equity ETF returned -1.1%, which earned it a grade of C, as the Mid-Cap Blend category had an average return of -1.6%. 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 U.S. Mid Cap Equity ETF has a trailing yield of 0.95%, which is above the 0.85% category average.
The fund normally distributes its income quarterly 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 U.S. Mid Cap Equity ETF Grades
Year to date, the ETF has returned 12.9%, 1.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 19.4% over the past year (grade of D).
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AVMC 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 |
|
| AVMC Return (NAV) | -1.1% | 2.6% | 19.4% | na | na | na |
| AVMC Return (Price) | -1.1% | 2.5% | 19.6% | na | na | na |
| NAV +/- Price Return | -0.013% | 0.023% | -0.121% | na | na | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| AVMC Grade (NAV) | C | D | D | na | na | na |
| +/- Category (NAV) | 0.5% | -1.8% | -1.3% | na | na | na |
| AVMC Tax-Cost Ratio | na | na | 0.3% | na | na | na |
AVMC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AVMC Return (NAV) | 12.9% | 10.0% | 16.8% | na | na | na | na | na | na | na | na |
| AVMC Return (Price) | 12.9% | 10.0% | 16.8% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.000% | -0.001% | 0.004% | na | na | na | na | na | na | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| AVMC Grade (NAV) | D | C | B | na | na | na | na | na | na | na | na |
| +/- Category | -1.1% | -0.6% | 0.7% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 473 Mil |
| Share Class Assets: | $ 473 Mil |
| Turnover: | 8.0% |
| Expense Ratio: | 0.18% |
| Index Fund: | No |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 2.7 years | |||
| Average Tenure: 2.7 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: | 607 |
| % in Top 10 Holdings: | 6.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.4% |
Portfolio Allocation |
|
| Domestic Stock: | 97.5% |
| Foreign Stock: | 2.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Avantis Investors |
| Phone Number: | 833-928-2684 |
| Website: | americancenturyetfs.com |
| Inception Date: | November 7, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.18% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.45% |
