Avantis Core Fixed Income Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.8%
1 yr return
0.0%
3 Yr Avg Return
-3.5%
5 Yr Avg Return
N/A
Net Assets
$58.7 M
Holdings in Top 10
18.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 113.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AVIGX - Profile
Distributions
- YTD Total Return -2.8%
- 3 Yr Annualized Total Return -3.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.26%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAvantis Core Fixed Income Fund
-
Fund Family NameAmerican Century Investments
-
Inception DateFeb 24, 2021
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Ong
Fund Description
AVIGX - Performance
Return Ranking - Trailing
Period | AVIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.8% | -12.9% | 2.8% | 50.79% |
1 Yr | 0.0% | -10.7% | 10.3% | 54.53% |
3 Yr | -3.5%* | -11.2% | 24.8% | 38.82% |
5 Yr | N/A* | -7.0% | 190.6% | N/A |
10 Yr | N/A* | -2.6% | 73.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | AVIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -16.2% | 8.1% | 51.89% |
2022 | -16.1% | -34.7% | 131.9% | 50.25% |
2021 | N/A | -11.6% | 4.4% | N/A |
2020 | N/A | -10.1% | 946.1% | N/A |
2019 | N/A | -1.7% | 16.9% | N/A |
Total Return Ranking - Trailing
Period | AVIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.8% | -12.9% | 2.8% | 50.79% |
1 Yr | 0.0% | -10.7% | 10.3% | 54.53% |
3 Yr | -3.5%* | -11.2% | 24.8% | 38.82% |
5 Yr | N/A* | -7.0% | 190.6% | N/A |
10 Yr | N/A* | -2.6% | 73.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AVIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.5% | -11.3% | 11.0% | 33.47% |
2022 | -13.8% | -32.2% | 131.9% | 56.87% |
2021 | N/A | -9.4% | 9.2% | N/A |
2020 | N/A | -1.9% | 1009.0% | N/A |
2019 | N/A | 1.1% | 21668.0% | N/A |
NAV & Total Return History
AVIGX - Holdings
Concentration Analysis
AVIGX | Category Low | Category High | AVIGX % Rank | |
---|---|---|---|---|
Net Assets | 58.7 M | 2.9 M | 314 B | 91.76% |
Number of Holdings | 370 | 1 | 17889 | 71.98% |
Net Assets in Top 10 | 10.2 M | -106 M | 36.5 B | 95.48% |
Weighting of Top 10 | 18.40% | 4.4% | 134.1% | 69.63% |
Top 10 Holdings
- United States Treasury Bill 0.00 12/14/2023 2.70%
- United States Treasury Bill 0.00 12/05/2023 2.16%
- United States Treasury Note/Bond 2.88 05/15/2043 1.93%
- G2SF 4 12/23 MBS 30yr 1.91%
- FNCL 4 12/23 MBS 30yr 1.88%
- United States Treasury Bill 0.00 05/30/2024 1.76%
- State Street Navigator Securities Lending Government Money Market Portfolio 1.64%
- United States Treasury Note/Bond 2.50 04/30/2024 1.51%
- FNCL 5 12/23 MBS 30yr 1.47%
- United States Treasury Note/Bond 3.63 08/15/2043 1.43%
Asset Allocation
Weighting | Return Low | Return High | AVIGX % Rank | |
---|---|---|---|---|
Bonds | 116.30% | 0.00% | 215.98% | 7.46% |
Cash | 2.61% | -54.51% | 79.52% | 54.47% |
Convertible Bonds | 0.17% | 0.00% | 7.93% | 84.95% |
Other | 0.04% | -13.23% | 50.66% | 76.01% |
Stocks | 0.00% | 0.00% | 99.93% | 64.67% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 60.96% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AVIGX % Rank | |
---|---|---|---|---|
Corporate | 36.96% | 0.00% | 100.00% | 30.50% |
Government | 22.13% | 0.00% | 86.23% | 55.45% |
Securitized | 5.97% | 0.00% | 98.40% | 94.85% |
Cash & Equivalents | 2.61% | 0.00% | 76.23% | 51.03% |
Derivative | 0.04% | -3.37% | 50.66% | 46.90% |
Municipal | 0.00% | 0.00% | 100.00% | 83.96% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AVIGX % Rank | |
---|---|---|---|---|
US | 116.30% | 0.00% | 215.98% | 6.10% |
Non US | 0.00% | 0.00% | 39.04% | 65.98% |
AVIGX - Expenses
Operational Fees
AVIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.16% | 0.01% | 39.10% | 95.44% |
Management Fee | 0.15% | 0.00% | 1.76% | 7.25% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
AVIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AVIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AVIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 113.00% | 2.00% | 493.39% | 46.65% |
AVIGX - Distributions
Dividend Yield Analysis
AVIGX | Category Low | Category High | AVIGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.89% | 31.21% |
Dividend Distribution Analysis
AVIGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
AVIGX | Category Low | Category High | AVIGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.26% | -1.28% | 4.79% | 77.77% |
Capital Gain Distribution Analysis
AVIGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.031 | OrdinaryDividend |
Feb 29, 2024 | $0.030 | OrdinaryDividend |
Jan 31, 2024 | $0.030 | OrdinaryDividend |
Dec 31, 2023 | $0.030 | OrdinaryDividend |
Nov 30, 2023 | $0.030 | OrdinaryDividend |
Oct 31, 2023 | $0.030 | OrdinaryDividend |
Sep 30, 2023 | $0.028 | OrdinaryDividend |
Aug 31, 2023 | $0.028 | OrdinaryDividend |
Jul 31, 2023 | $0.028 | OrdinaryDividend |
Jun 30, 2023 | $0.027 | OrdinaryDividend |
May 31, 2023 | $0.027 | OrdinaryDividend |
Apr 30, 2023 | $0.025 | OrdinaryDividend |
Mar 31, 2023 | $0.026 | OrdinaryDividend |
Feb 28, 2023 | $0.025 | OrdinaryDividend |
Jan 31, 2023 | $0.025 | OrdinaryDividend |
Dec 30, 2022 | $0.025 | OrdinaryDividend |
Nov 30, 2022 | $0.023 | OrdinaryDividend |
Oct 31, 2022 | $0.021 | OrdinaryDividend |
Sep 30, 2022 | $0.023 | OrdinaryDividend |
Aug 31, 2022 | $0.021 | OrdinaryDividend |
Jul 29, 2022 | $0.019 | OrdinaryDividend |
Jun 30, 2022 | $0.019 | OrdinaryDividend |
May 31, 2022 | $0.019 | OrdinaryDividend |
Apr 29, 2022 | $0.017 | OrdinaryDividend |
Mar 31, 2022 | $0.014 | OrdinaryDividend |
Feb 28, 2022 | $0.012 | OrdinaryDividend |
Jan 31, 2022 | $0.010 | OrdinaryDividend |
Dec 31, 2021 | $0.011 | OrdinaryDividend |
Nov 30, 2021 | $0.011 | OrdinaryDividend |
Oct 31, 2021 | $0.011 | OrdinaryDividend |
Sep 30, 2021 | $0.011 | OrdinaryDividend |
Jul 30, 2021 | $0.011 | OrdinaryDividend |
Jun 30, 2021 | $0.011 | OrdinaryDividend |
May 28, 2021 | $0.010 | OrdinaryDividend |
Apr 30, 2021 | $0.011 | OrdinaryDividend |
Mar 31, 2021 | $0.010 | OrdinaryDividend |
Feb 26, 2021 | $0.002 | OrdinaryDividend |
AVIGX - Fund Manager Analysis
Managers
Daniel Ong
Start Date
Tenure
Tenure Rank
Feb 24, 2021
1.26
1.3%
Daniel is a senior portfolio manager at Avantis Investors®. Before coming to Avantis, he was a senior portfolio manager and vice president at DFA for 14 years. His responsibilities included managing international developed and emerging markets equity strategies, leading the EM equity desk, and engaging with clients. Prior to that, he was an account manager at Metropolitan West Asset Mgt. and a structure analyst at PIMCO. Daniel holds the CFA designation. He earned a bachelor's degree in economics from the Univ. of Cal and master's in finance & accounting from the Univ of Chicago Booth School
Mitchell Handa
Start Date
Tenure
Tenure Rank
Feb 24, 2021
1.26
1.3%
Vice President, PIMCO. Mr. Handa is a portfolio manager for the quantitative portfolio group, focusing on PIMCO's ETFs and index replication and smart passive strategies. Prior to joining PIMCO in 2012, he was a portfolio manager and a trader for Blackrock's model-based U.S. rates products in San Francisco. Mr. Handa started his career as an options trader on the interest-rate derivatives desk at ABN Amro in Chicago and also traded global fixed income and currencies for Barclays Global Investors Japan. He has investment and financial services experience since 1998 and holds a master's degree in physics from the University of California, Los Angeles and a master's degree in financial mathematics from the University of Chicago. He earned his undergraduate degree from the City University of New York.
Hozef Arif
Start Date
Tenure
Tenure Rank
Feb 24, 2021
1.26
1.3%
Mr. Arif, Senior Portfolio Manager, joined Avantis Investors in 2020 Mr. Arif is an executive vice president and credit portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2008, he was a leveraged finance investment banker at Credit Suisse in Los Angeles. He holds an MBA from the University of Chicago Graduate School of Business. He also has a master's degree in petroleum engineering from Stanford University and an undergraduate degree from the Indian Institute of Technology, Mumbai.
Eduardo Repetto
Start Date
Tenure
Tenure Rank
Feb 24, 2021
1.26
1.3%
As Chief Investment Officer of Avantis Investors®, Eduardo is responsible for directing the research, design and implementation of investment strategies, providing oversight of the investment team, and interacting with clients. Prior to Avantis Investors' establishment in 2019, Eduardo was Co-Chief Executive Officer, Co-Chief Investment Officer and Director at Dimensional Fund Advisors LP ("DFA") until 2017. Dr. Repetto earned a Ph.D. degree in Aeronautics from the California Institute of Technology, an MSc degree in Engineering from Brown University,
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.81 | 1.16 |