Fund Evaluator:

Avantis® U.S. Equity G Overview

Avantis® U.S. Equity G (AVUNX) is an actively managed U.S. Equity Large Blend fund. Avantis Investors launched the fund in 2021.

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of U.S. companies across market sectors and industry groups. It may invest in companies of all market capitalizations. The fund seeks securities of companies that the manager expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies with higher profitability and value characteristics. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of U.S. companies.

About Avantis® U.S. Equity G (AVUNX)

There are 5 members of the management team with an average tenure of 5.84 years: Daniel Ong (2019), Mitchell Firestein (2019), Eduardo Repetto (2019), Ted Randall (2019), Matthew Dubin (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Russell 3000 TR USD index with a weighting of 100%. Avantis® U.S. Equity G has 1602 securities in its portfolio. The top 10 holdings constitute 28.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Avantis® U.S. Equity G is part of the Equity global asset class and is within the U.S. Equity fund group. Avantis® U.S. Equity G has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.7%. There is 1.1% 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. Equity G has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $327 million in total assets, which is below the $6 billion average for the Large 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.

AVUNX 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. Equity G expense ratio is low compared to funds in the Large Blend category. Avantis® U.S. Equity G has an expense ratio of 0.00%, which is 100% 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® U.S. Equity G has a portfolio turnover rate of 16%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Avantis® U.S. Equity G returned -0.2%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. 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 funds in that category.

Avantis® U.S. Equity G has a trailing yield of 1.11%, which is above the 0.56% category average. The fund normally distributes its income 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. Equity G Grades

Year to date, the fund has returned 15.1%, 5.8 percentage points better than the category, which translates into a grade of A. The fund has returned 25.5% over the past year (grade of A), 19.1% over the past three years (grade of B) and 12.5% per year over the past five years (grade of B).

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