ATLASAvantis Core Municipal Fixed Income ETF (AVMU): outlook, holdings and fees
Avantis Core Municipal Fixed Income ETF (AVMU) is an exchange-traded fund and is managed by Avantis Investors. The expense ratio is 0.15% and the yield is 3.85%. The ten largest holdings are 12% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on AVMU
| Last price | $44.46 (+0.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 63% |
| Likely 1-month range (50%) | $44.20 – $45.24 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 3.85% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
AVMU fund facts
| Issuer | Avantis Investors |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $163M |
| Expense ratio | 0.15% |
| Number of holdings | 10 |
| Portfolio turnover | 6% |
| Inception | Dec 10, 2020 |
| Exchange | NYSE |
Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal fixed income securities with interest payments exempt from federal income tax. The fund will invest primarily in investment grade securities as rated by an independent rating agency or determined by the advisor to be of comparable credit quality if a rating is unavailable.
AVMU top holdings
| Holding | Sector | Weight |
|---|---|---|
| LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5% | – | 2.00% |
| LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4% | – | 1.42% |
| PORT AUTH N Y & N J 5% | – | 1.39% |
| CALIFORNIA ST 5.25% | – | 1.16% |
| INDIANA ST FIN AUTH WASTEWATER UTIL REV 4% | – | 1.20% |
| DENVER COLO CITY & CNTY 5% | – | 1.17% |
| PRIVATE COLLEGES & UNIVS AUTH GA REV 4% | – | 1.08% |
| DISTRICT COLUMBIA INCOME TAX REV 4% | – | 1.03% |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 3.25% | – | 1.08% |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 5% | – | 0.96% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
AVMU returns and risk
| Year to date | -4.5% |
|---|---|
| 1 year | -2.5% |
| 3 years (annualised) | +2.7% |
| 5 years (annualised) | -0.3% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 5.7% |
| Sharpe ratio (3 years) | -0.36 |
Past returns do not guarantee future results.
AVMU: frequently asked questions
What does AVMU invest in?
Avantis Core Municipal Fixed Income ETF invests in a portfolio of securities. Its largest holdings are LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5% (2.0%), LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4% (1.4%), PORT AUTH N Y & N J 5% (1.4%), CALIFORNIA ST 5.25% (1.2%), INDIANA ST FIN AUTH WASTEWATER UTIL REV 4% (1.2%).
What is the AVMU expense ratio?
0.15% a year: about $15.00 for every $10,000 invested.
What is the AVMU dividend yield?
3.85%. ATLAS does not hold the exact distribution dates for ETFs.
Will AVMU go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 63%, with a likely range (50%) of $44.20 to $45.24 from $44.46 today. It is a probability, not a prediction.
How has AVMU performed?
Year to date -4.5%, one year -2.5%, three years +2.7% a year, five years -0.3% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer