Semiannual Report | |||||
February 28, 2022 | |||||
Avantis®
Core Fixed Income ETF (AVIG) | |||||
Avantis®
Core Municipal Fixed Income ETF (AVMU) | |||||
Avantis®
Short-Term Fixed Income ETF (AVSF) |
Table of Contents |
Chairman’s Letter | |||||
Avantis Core Fixed Income ETF | |||||
Fund Characteristics | |||||
Avantis Core Municipal Fixed Income ETF | |||||
Fund Characteristics | |||||
Avantis Short-Term Fixed Income ETF | |||||
Fund Characteristics | |||||
Shareholder Fee Examples | |||||
Schedules of Investments | |||||
Statements of Assets and Liabilities | |||||
Statements of Operations | |||||
Statements of Changes in Net Assets | |||||
Notes to Financial Statements | |||||
Financial Highlights | |||||
Additional Information |
Chairman's Letter |
Fund Characteristics |
FEBRUARY 28, 2022 | |||||
Avantis Core Fixed Income ETF | |||||
Types of Investments in Portfolio | % of net assets | ||||
Corporate Bonds | 61.7% | ||||
U.S. Treasury Securities | 24.8% | ||||
U.S. Government Agency Mortgage-Backed Securities | 19.7% | ||||
U.S. Government Agency Securities | 2.8% | ||||
Sovereign Governments and Agencies | 0.1% | ||||
Short-Term Investments | 10.0% | ||||
Other Assets and Liabilities | (19.1)% |
Fund Characteristics |
FEBRUARY 28, 2022 | |||||
Avantis Core Municipal Fixed Income ETF | |||||
Types of Investments in Portfolio | % of net assets | ||||
Municipal Securities | 98.9% | ||||
Short-Term Investments | 0.7% | ||||
Other Assets and Liabilities | 0.4% | ||||
Top Five States and Territories | % of net assets | ||||
California | 17.0% | ||||
New York | 13.1% | ||||
Texas | 7.8% | ||||
Georgia | 4.8% | ||||
Florida | 4.6% | ||||
Top Five Sectors | % of fund investments | ||||
Special Tax | 22% | ||||
General Obligation (GO) - Local | 15% | ||||
General Obligation (GO) - State | 14% | ||||
Public Power | 8% | ||||
Water & Sewer | 7% |
Fund Characteristics |
FEBRUARY 28, 2022 | |||||
Avantis Short-Term Fixed Income ETF | |||||
Types of Investments in Portfolio | % of net assets | ||||
Corporate Bonds | 64.4% | ||||
U.S. Treasury Securities and Equivalents | 30.0% | ||||
U.S. Government Agency Securities | 4.3% | ||||
Sovereign Governments and Agencies | 0.2% | ||||
Other Assets and Liabilities | 1.1% |
Shareholder Fee Examples |
Beginning Account Value 9/1/21 |
Ending
Account Value 2/28/22 |
Expenses
Paid
During
Period(1)
9/1/21
- 2/28/22 |
Annualized
Expense
Ratio(1) | |||||||||||
Avantis Core Fixed Income ETF | ||||||||||||||
Actual | $1,000 | $951.00 | $0.73 | 0.15% | ||||||||||
Hypothetical | $1,000 | $1,024.05 | $0.75 | 0.15% | ||||||||||
Avantis Core Municipal Fixed Income ETF | ||||||||||||||
Actual | $1,000 | $966.90 | $0.73 | 0.15% | ||||||||||
Hypothetical | $1,000 | $1,024.05 | $0.75 | 0.15% | ||||||||||
Avantis Short-Term Fixed Income ETF | ||||||||||||||
Actual | $1,000 | $973.10 | $0.73 | 0.15% | ||||||||||
Hypothetical | $1,000 | $1,024.05 | $0.75 | 0.15% |
Schedules of Investments |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
CORPORATE
BONDS — 61.7% |
|
| ||||||
Aerospace and Defense — 2.1% | ||||||||
Boeing Co. (The), 2.20%, 2/4/26 | $ | 75,000 | $ | 73,219 | ||||
Boeing Co. (The), 2.80%, 3/1/27 | 25,000 | 24,714 | ||||||
Boeing Co. (The), 2.95%, 2/1/30 | 250,000 | 239,614 | ||||||
Boeing Co. (The), 5.15%, 5/1/30 | 225,000 | 248,676 | ||||||
General Dynamics Corp., 3.625%, 4/1/30 | 307,000 | 327,046 | ||||||
Huntington Ingalls Industries, Inc., 3.48%, 12/1/27 | 400,000 | 410,904 | ||||||
Lockheed Martin Corp., 3.55%, 1/15/26 | 260,000 | 274,028 | ||||||
Northrop Grumman Corp., 3.25%, 1/15/28 | 70,000 | 71,592 | ||||||
Precision Castparts Corp., 3.25%, 6/15/25 | 393,000 | 407,358 | ||||||
Raytheon Technologies Corp., 3.50%, 3/15/27 | 65,000 | 68,070 | ||||||
Textron, Inc., 4.00%, 3/15/26 | 85,000 | 89,379 | ||||||
Textron, Inc., 2.45%, 3/15/31 | 420,000 | 393,909 | ||||||
2,628,509 | ||||||||
Air Freight and Logistics — 0.5% | ||||||||
United Parcel Service, Inc., 3.90%, 4/1/25 | 548,000 | 577,215 | ||||||
Airlines — 0.2% | ||||||||
Southwest Airlines Co., 5.125%, 6/15/27 | 102,000 | 113,169 | ||||||
Southwest Airlines Co., 2.625%, 2/10/30 | 111,000 | 105,782 | ||||||
218,951 | ||||||||
Auto Components — 0.1% | ||||||||
BorgWarner, Inc., 2.65%, 7/1/27 | 180,000 | 179,504 | ||||||
Automobiles — 0.9% | ||||||||
American Honda Finance Corp., MTN, 1.00%, 9/10/25 | 100,000 | 95,876 | ||||||
American Honda Finance Corp., MTN, 2.35%, 1/8/27 | 330,000 | 329,722 | ||||||
General Motors Co., 4.20%, 10/1/27 | 250,000 | 263,707 | ||||||
General Motors Financial Co., Inc., 5.10%, 1/17/24 | 44,000 | 46,173 | ||||||
Toyota Motor Credit Corp., MTN, 2.15%, 2/13/30 | 100,000 | 96,221 | ||||||
Toyota Motor Credit Corp., MTN, 3.375%, 4/1/30 | 200,000 | 209,570 | ||||||
Toyota Motor Credit Corp., MTN, 1.65%, 1/10/31 | 163,000 | 149,178 | ||||||
1,190,447 | ||||||||
Banks — 6.3% | ||||||||
African Development Bank, 0.75%, 4/3/23 | 110,000 | 109,460 | ||||||
Asian Development Bank, 2.625%, 1/30/24 | 50,000 | 51,092 | ||||||
Asian Development Bank, MTN, 0.625%, 10/8/24 | 50,000 | 48,715 | ||||||
Asian Development Bank, MTN, 0.375%, 9/3/25 | 350,000 | 333,312 | ||||||
Asian Development Bank, MTN, 2.375%, 8/10/27 | 40,000 | 41,059 | ||||||
Asian Infrastructure Investment Bank (The), 0.25%, 9/29/23 | 150,000 | 147,400 | ||||||
Asian Infrastructure Investment Bank (The), 0.50%, 5/28/25 | 225,000 | 215,948 | ||||||
Bank of Montreal, MTN, Series E, 3.30%, 2/5/24 | 70,000 | 71,731 | ||||||
Bank of Nova Scotia (The), 3.40%, 2/11/24 | 163,000 | 167,235 | ||||||
Citizens Financial Group, Inc., 2.50%, 2/6/30 | 200,000 | 191,818 | ||||||
Council Of Europe Development Bank, 0.25%, 10/20/23 | 25,000 | 24,527 | ||||||
Council Of Europe Development Bank, 2.50%, 2/27/24 | 20,000 | 20,397 | ||||||
European Bank for Reconstruction & Development, MTN, 2.125%, 3/7/22 | 25,000 | 25,005 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
European Investment Bank, 0.625%, 7/25/25 | $ | 170,000 | $ | 163,711 | ||||
European Investment Bank, 4.875%, 2/15/36 | 30,000 | 39,822 | ||||||
European Investment Bank, MTN, 3.125%, 12/14/23 | 100,000 | 103,007 | ||||||
Fifth Third Bancorp, 3.65%, 1/25/24 | 243,000 | 249,944 | ||||||
Fifth Third Bancorp, 2.55%, 5/5/27 | 325,000 | 324,996 | ||||||
Inter-American Development Bank, 3.00%, 10/4/23 | 100,000 | 102,543 | ||||||
Inter-American Development Bank, 2.00%, 7/23/26 | 350,000 | 352,731 | ||||||
Inter-American Development Bank, 2.375%, 7/7/27 | 255,000 | 261,408 | ||||||
Inter-American Development Bank, 3.125%, 9/18/28 | 200,000 | 214,632 | ||||||
Inter-American Development Bank, MTN, 1.125%, 1/13/31 | 200,000 | 186,370 | ||||||
International Bank for Reconstruction & Development, 1.75%, 4/19/23 | 50,000 | 50,301 | ||||||
International Bank for Reconstruction & Development, 0.875%, 7/15/26 | 125,000 | 120,480 | ||||||
International Bank for Reconstruction & Development, 0.75%, 11/24/27 | 225,000 | 210,822 | ||||||
International Bank for Reconstruction & Development, 0.875%, 5/14/30 | 155,000 | 142,749 | ||||||
International Finance Corp., MTN, 2.875%, 7/31/23 | 50,000 | 51,076 | ||||||
JPMorgan Chase & Co., 5.50%, 10/15/40 | 125,000 | 154,902 | ||||||
Kreditanstalt fuer Wiederaufbau, 2.125%, 6/15/22 | 100,000 | 100,447 | ||||||
Kreditanstalt fuer Wiederaufbau, 2.00%, 5/2/25 | 250,000 | 252,332 | ||||||
Landwirtschaftliche Rentenbank, 2.00%, 1/13/25 | 265,000 | 267,712 | ||||||
Oesterreichische Kontrollbank AG, MTN, 2.875%, 3/13/23 | 75,000 | 76,263 | ||||||
PNC Financial Services Group, Inc. (The), 3.15%, 5/19/27 | 937,000 | 972,357 | ||||||
Santander Holdings USA, Inc., 3.45%, 6/2/25 | 110,000 | 111,879 | ||||||
Santander Holdings USA, Inc., 4.40%, 7/13/27 | 260,000 | 274,083 | ||||||
Sumitomo Mitsui Financial Group, Inc., 3.94%, 10/16/23 | 250,000 | 258,105 | ||||||
Toronto-Dominion Bank (The), MTN, 0.75%, 1/6/26 | 150,000 | 141,380 | ||||||
Truist Financial Corp., MTN, 3.70%, 6/5/25 | 200,000 | 208,592 | ||||||
US Bancorp, MTN, 3.95%, 11/17/25 | 410,000 | 436,141 | ||||||
US Bancorp, MTN, 1.375%, 7/22/30 | 200,000 | 179,068 | ||||||
Wells Fargo & Co., MTN, 3.55%, 9/29/25 | 285,000 | 294,977 | ||||||
Westpac Banking Corp., 3.40%, 1/25/28 | 165,000 | 172,722 | ||||||
7,923,251 | ||||||||
Beverages — 1.9% | ||||||||
Anheuser-Busch InBev Worldwide, Inc., 4.00%, 4/13/28 | 125,000 | 133,268 | ||||||
Anheuser-Busch InBev Worldwide, Inc., 8.20%, 1/15/39 | 250,000 | 382,380 | ||||||
Anheuser-Busch InBev Worldwide, Inc., 4.35%, 6/1/40 | 75,000 | 80,121 | ||||||
Coca-Cola Co. (The), 3.45%, 3/25/30 | 85,000 | 89,959 | ||||||
Coca-Cola Co. (The), 1.375%, 3/15/31 | 265,000 | 238,525 | ||||||
Keurig Dr Pepper, Inc., 2.55%, 9/15/26 | 60,000 | 60,073 | ||||||
Keurig Dr Pepper, Inc., 3.20%, 5/1/30 | 525,000 | 530,806 | ||||||
Molson Coors Beverage Co., 3.00%, 7/15/26 | 256,000 | 260,540 | ||||||
PepsiCo, Inc., 3.00%, 10/15/27 | 445,000 | 459,926 | ||||||
PepsiCo, Inc., 1.625%, 5/1/30 | 70,000 | 65,347 | ||||||
PepsiCo, Inc., 1.40%, 2/25/31 | 61,000 | 54,993 | ||||||
2,355,938 | ||||||||
Biotechnology — 0.5% | ||||||||
AbbVie, Inc., 3.20%, 11/21/29 | 50,000 | 50,700 | ||||||
AbbVie, Inc., 4.50%, 5/14/35 | 535,000 | 595,352 | ||||||
646,052 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Capital Markets — 3.4% | ||||||||
Ameriprise Financial, Inc., 2.875%, 9/15/26 | $ | 325,000 | $ | 333,009 | ||||
BlackRock, Inc., 3.25%, 4/30/29 | 1,020,000 | 1,069,980 | ||||||
Brookfield Finance, Inc., 3.90%, 1/25/28 | 535,000 | 562,322 | ||||||
Charles Schwab Corp. (The), 3.20%, 3/2/27 | 100,000 | 103,854 | ||||||
Charles Schwab Corp. (The), 2.75%, 10/1/29 | 366,000 | 366,176 | ||||||
Charles Schwab Corp. (The), 1.65%, 3/11/31 | 575,000 | 522,905 | ||||||
Credit Suisse USA, Inc., 7.125%, 7/15/32 | 150,000 | 199,286 | ||||||
Franklin Resources, Inc., 1.60%, 10/30/30 | 619,000 | 554,242 | ||||||
Lazard Group LLC, 4.375%, 3/11/29 | 418,000 | 444,689 | ||||||
Morgan Stanley, 7.25%, 4/1/32 | 100,000 | 135,067 | ||||||
S&P Global, Inc., 2.95%, 1/22/27 | 75,000 | 76,915 | ||||||
4,368,445 | ||||||||
Chemicals — 2.3% | ||||||||
Air Products and Chemicals, Inc., 1.50%, 10/15/25 | 320,000 | 313,482 | ||||||
Eastman Chemical Co., 3.80%, 3/15/25 | 300,000 | 310,657 | ||||||
EI du Pont de Nemours and Co., 2.30%, 7/15/30 | 350,000 | 338,291 | ||||||
Linde, Inc., 3.20%, 1/30/26 | 80,000 | 83,160 | ||||||
Mosaic Co. (The), 4.05%, 11/15/27 | 25,000 | 26,455 | ||||||
Mosaic Co. (The), 5.45%, 11/15/33 | 500,000 | 590,380 | ||||||
Nutrien Ltd., 2.95%, 5/13/30 | 150,000 | 149,426 | ||||||
PPG Industries, Inc., 1.20%, 3/15/26 | 200,000 | 191,021 | ||||||
RPM International, Inc., 4.55%, 3/1/29 | 456,000 | 496,278 | ||||||
Westlake Corp., 3.60%, 8/15/26 | 120,000 | 124,719 | ||||||
Westlake Corp., 3.375%, 6/15/30 | 290,000 | 295,666 | ||||||
2,919,535 | ||||||||
Commercial
Services and Supplies†
|
||||||||
Waste Management, Inc., 1.15%, 3/15/28 | 50,000 | 45,911 | ||||||
Construction and Engineering — 0.3% | ||||||||
Quanta Services, Inc., 2.90%, 10/1/30 | 425,000 | 407,916 | ||||||
Consumer Finance — 0.3% | ||||||||
Synchrony Financial, 3.95%, 12/1/27 | 120,000 | 123,728 | ||||||
Synchrony Financial, 5.15%, 3/19/29 | 285,000 | 310,281 | ||||||
434,009 | ||||||||
Containers and Packaging — 0.4% | ||||||||
WRKCo, Inc., 4.90%, 3/15/29 | 400,000 | 442,456 | ||||||
Diversified Financial Services — 0.6% | ||||||||
Equitable Holdings, Inc., 4.35%, 4/20/28 | 404,000 | 432,922 | ||||||
National Rural Utilities Cooperative Finance Corp., 3.70%, 3/15/29 | 300,000 | 316,109 | ||||||
749,031 | ||||||||
Diversified Telecommunication Services — 0.9% | ||||||||
AT&T, Inc., 6.15%, 9/15/34 | 296,000 | 365,222 | ||||||
Telefonica Europe BV, 8.25%, 9/15/30 | 290,000 | 391,510 | ||||||
Verizon Communications, Inc., 5.25%, 3/16/37 | 315,000 | 375,917 | ||||||
1,132,649 | ||||||||
Electric Utilities — 4.1% | ||||||||
Berkshire Hathaway Energy Co., 4.05%, 4/15/25 | 120,000 | 126,567 | ||||||
Berkshire Hathaway Energy Co., 3.25%, 4/15/28 | 100,000 | 104,067 | ||||||
DTE Electric Co., 2.25%, 3/1/30 | 250,000 | 240,682 | ||||||
DTE Electric Co., Series C, 2.625%, 3/1/31 | 110,000 | 108,352 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Duke Energy Carolinas LLC, Series A, 6.00%, 12/1/28 | $ | 227,000 | $ | 269,548 | ||||
Duke Energy Florida LLC, 3.80%, 7/15/28 | 40,000 | 42,313 | ||||||
Duke Energy Ohio, Inc., 2.125%, 6/1/30 | 210,000 | 198,024 | ||||||
Entergy Arkansas LLC, 4.00%, 6/1/28 | 153,000 | 163,048 | ||||||
Entergy Louisiana LLC, 2.40%, 10/1/26 | 200,000 | 198,480 | ||||||
Entergy Louisiana LLC, 3.05%, 6/1/31 | 255,000 | 255,600 | ||||||
Florida Power & Light Co., 3.125%, 12/1/25 | 65,000 | 66,980 | ||||||
IPALCO Enterprises, Inc., 4.25%, 5/1/30 | 594,000 | 618,891 | ||||||
MidAmerican Energy Co., 6.75%, 12/30/31 | 100,000 | 131,890 | ||||||
PacifiCorp, 2.70%, 9/15/30 | 90,000 | 88,770 | ||||||
PPL Electric Utilities Corp., 6.25%, 5/15/39 | 425,000 | 566,367 | ||||||
Public Service Electric and Gas Co., MTN, 3.00%, 5/15/27 | 210,000 | 215,450 | ||||||
Puget Energy, Inc., 4.10%, 6/15/30 | 335,000 | 347,777 | ||||||
Southwestern Electric Power Co., Series M, 4.10%, 9/15/28 | 510,000 | 540,892 | ||||||
Union Electric Co., 2.95%, 3/15/30 | 612,000 | 619,001 | ||||||
Wisconsin Power and Light Co., 3.00%, 7/1/29 | 315,000 | 318,132 | ||||||
5,220,831 | ||||||||
Electronic Equipment, Instruments and Components — 1.2% | ||||||||
Flex Ltd., 3.75%, 2/1/26 | 50,000 | 51,659 | ||||||
Flex Ltd., 4.875%, 5/12/30 | 515,000 | 562,725 | ||||||
Jabil, Inc., 3.00%, 1/15/31 | 440,000 | 420,226 | ||||||
Trimble, Inc., 4.90%, 6/15/28 | 303,000 | 326,797 | ||||||
Tyco Electronics Group SA, 3.125%, 8/15/27 | 100,000 | 102,462 | ||||||
1,463,869 | ||||||||
Energy Equipment and Services — 0.5% | ||||||||
Baker Hughes Holdings LLC / Baker Hughes Co-Obligor, Inc., 3.34%, 12/15/27 | 200,000 | 206,334 | ||||||
Schlumberger Investment SA, 2.65%, 6/26/30 | 459,000 | 446,157 | ||||||
652,491 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 5.0% | ||||||||
American Campus Communities Operating Partnership LP, 3.875%, 1/30/31 | 471,000 | 494,568 | ||||||
American Homes 4 Rent LP, 4.25%, 2/15/28 | 234,000 | 247,373 | ||||||
American Tower Corp., 3.60%, 1/15/28 | 210,000 | 215,633 | ||||||
AvalonBay Communities, Inc., MTN, 3.20%, 1/15/28 | 640,000 | 659,687 | ||||||
Boston Properties LP, 3.65%, 2/1/26 | 125,000 | 129,537 | ||||||
Boston Properties LP, 3.25%, 1/30/31 | 350,000 | 349,735 | ||||||
Brixmor Operating Partnership LP, 3.65%, 6/15/24 | 163,000 | 167,942 | ||||||
Brixmor Operating Partnership LP, 3.90%, 3/15/27 | 145,000 | 151,077 | ||||||
Camden Property Trust, 2.80%, 5/15/30 | 65,000 | 64,388 | ||||||
Corporate Office Properties LP, 2.25%, 3/15/26 | 319,000 | 313,925 | ||||||
Digital Realty Trust LP, 3.60%, 7/1/29 | 400,000 | 412,600 | ||||||
Equinix, Inc., 1.25%, 7/15/25 | 100,000 | 95,342 | ||||||
Highwoods Realty LP, 4.125%, 3/15/28 | 105,000 | 111,657 | ||||||
Highwoods Realty LP, 2.60%, 2/1/31 | 329,000 | 313,157 | ||||||
Kimco Realty Corp., 1.90%, 3/1/28 | 50,000 | 47,312 | ||||||
Prologis LP, 3.25%, 10/1/26 | 400,000 | 416,199 | ||||||
Prologis LP, 2.25%, 4/15/30 | 200,000 | 191,875 | ||||||
Public Storage, 1.85%, 5/1/28 | 250,000 | 238,944 | ||||||
Public Storage, 2.30%, 5/1/31 | 800,000 | 771,278 | ||||||
Realty Income Corp., 3.65%, 1/15/28 | 160,000 | 166,897 | ||||||
Realty Income Corp., 2.85%, 12/15/32 | 20,000 | 19,477 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
UDR, Inc., MTN, 2.10%, 8/1/32 | $ | 355,000 | $ | 319,717 | ||||
Ventas Realty LP, 3.00%, 1/15/30 | 20,000 | 19,813 | ||||||
Ventas Realty LP, 4.75%, 11/15/30 | 360,000 | 402,593 | ||||||
6,320,726 | ||||||||
Food and Staples Retailing — 0.6% | ||||||||
Walgreens Boots Alliance, Inc., 3.45%, 6/1/26 | 58,000 | 60,192 | ||||||
Walgreens Boots Alliance, Inc., 3.20%, 4/15/30 | 375,000 | 379,356 | ||||||
Walmart, Inc., 3.55%, 6/26/25 | 350,000 | 367,784 | ||||||
807,332 | ||||||||
Food Products — 1.8% | ||||||||
Archer-Daniels-Midland Co., 3.25%, 3/27/30 | 675,000 | 700,809 | ||||||
Bunge Ltd. Finance Corp., 3.25%, 8/15/26 | 120,000 | 122,715 | ||||||
Campbell Soup Co., 4.15%, 3/15/28 | 493,000 | 527,939 | ||||||
General Mills, Inc., 3.20%, 2/10/27 | 325,000 | 334,805 | ||||||
General Mills, Inc., 4.20%, 4/17/28 | 25,000 | 26,969 | ||||||
Ingredion, Inc., 2.90%, 6/1/30 | 175,000 | 173,342 | ||||||
Mondelez International, Inc., 1.50%, 2/4/31 | 419,000 | 374,018 | ||||||
2,260,597 | ||||||||
Gas Utilities — 0.2% | ||||||||
National Fuel Gas Co., 5.50%, 1/15/26 | 45,000 | 48,792 | ||||||
Southern California Gas Co., 2.55%, 2/1/30 | 174,000 | 169,558 | ||||||
218,350 | ||||||||
Health Care Equipment and Supplies — 0.4% | ||||||||
Edwards Lifesciences Corp., 4.30%, 6/15/28 | 487,000 | 528,297 | ||||||
Health Care Providers and Services — 1.2% | ||||||||
Cigna Corp., 3.20%, 3/15/40 | 300,000 | 277,650 | ||||||
CVS Health Corp., 2.875%, 6/1/26 | 25,000 | 25,316 | ||||||
CVS Health Corp., 1.875%, 2/28/31 | 188,000 | 171,072 | ||||||
HCA, Inc., 4.50%, 2/15/27 | 25,000 | 26,516 | ||||||
HCA, Inc., 4.125%, 6/15/29 | 460,000 | 482,656 | ||||||
UnitedHealth Group, Inc., 3.45%, 1/15/27 | 540,000 | 568,151 | ||||||
1,551,361 | ||||||||
Hotels, Restaurants and Leisure — 0.4% | ||||||||
Expedia Group, Inc., 3.25%, 2/15/30 | 250,000 | 246,895 | ||||||
Hyatt Hotels Corp., 4.85%, 3/15/26 | 60,000 | 63,816 | ||||||
Starbucks Corp., 4.00%, 11/15/28 | 225,000 | 241,305 | ||||||
552,016 | ||||||||
Household Durables — 0.1% | ||||||||
Whirlpool Corp., 4.00%, 3/1/24 | 139,000 | 144,739 | ||||||
Industrial Conglomerates — 0.7% | ||||||||
3M Co., MTN, 5.70%, 3/15/37 | 580,000 | 740,148 | ||||||
Roper Technologies, Inc., 1.40%, 9/15/27 | 135,000 | 126,044 | ||||||
866,192 | ||||||||
Insurance — 1.0% | ||||||||
Chubb INA Holdings, Inc., 3.15%, 3/15/25 | 150,000 | 154,452 | ||||||
Chubb INA Holdings, Inc., 1.375%, 9/15/30 | 310,000 | 277,772 | ||||||
MetLife, Inc., 3.60%, 11/13/25 | 510,000 | 534,106 | ||||||
Prudential plc, 3.125%, 4/14/30 | 300,000 | 304,558 | ||||||
1,270,888 | ||||||||
Interactive Media and Services — 0.3% | ||||||||
Alphabet, Inc., 0.80%, 8/15/27 | 247,000 | 228,906 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Alphabet, Inc., 1.10%, 8/15/30 | $ | 100,000 | $ | 90,372 | ||||
319,278 | ||||||||
Internet and Direct Marketing Retail — 0.3% | ||||||||
Amazon.com, Inc., 5.20%, 12/3/25 | 200,000 | 220,725 | ||||||
Amazon.com, Inc., 1.20%, 6/3/27 | 150,000 | 142,751 | ||||||
363,476 | ||||||||
IT Services — 0.9% | ||||||||
International Business Machines Corp., 1.95%, 5/15/30 | 184,000 | 172,953 | ||||||
Leidos, Inc., 4.375%, 5/15/30 | 340,000 | 361,515 | ||||||
Visa, Inc., 2.75%, 9/15/27 | 190,000 | 194,858 | ||||||
Western Union Co. (The), 6.20%, 11/17/36 | 324,000 | 370,825 | ||||||
1,100,151 | ||||||||
Leisure Products — 0.2% | ||||||||
Hasbro, Inc., 3.50%, 9/15/27 | 286,000 | 294,323 | ||||||
Machinery — 1.7% | ||||||||
ABB Finance USA, Inc., 3.80%, 4/3/28 | 106,000 | 112,991 | ||||||
Caterpillar Financial Services Corp., MTN, 3.65%, 12/7/23 | 140,000 | 144,940 | ||||||
Caterpillar Financial Services Corp., MTN, 1.10%, 9/14/27 | 100,000 | 93,959 | ||||||
John Deere Capital Corp., 1.45%, 1/15/31 | 140,000 | 127,575 | ||||||
John Deere Capital Corp., MTN, 3.05%, 1/6/28 | 468,000 | 485,742 | ||||||
Kennametal, Inc., 4.625%, 6/15/28 | 108,000 | 116,580 | ||||||
Oshkosh Corp., 4.60%, 5/15/28 | 606,000 | 652,155 | ||||||
Parker-Hannifin Corp., MTN, 4.20%, 11/21/34 | 375,000 | 404,507 | ||||||
2,138,449 | ||||||||
Media — 1.1% | ||||||||
Comcast Corp., 2.65%, 2/1/30 | 168,000 | 164,780 | ||||||
Comcast Corp., 4.25%, 10/15/30 | 250,000 | 275,287 | ||||||
Interpublic Group of Cos., Inc. (The), 4.75%, 3/30/30 | 150,000 | 166,565 | ||||||
Paramount Global, 4.95%, 1/15/31 | 420,000 | 455,584 | ||||||
Walt Disney Co. (The), 2.00%, 9/1/29 | 320,000 | 305,868 | ||||||
1,368,084 | ||||||||
Metals and Mining — 0.3% | ||||||||
Kinross Gold Corp., 4.50%, 7/15/27 | 95,000 | 101,806 | ||||||
Steel Dynamics, Inc., 3.25%, 1/15/31 | 340,000 | 339,831 | ||||||
441,637 | ||||||||
Multi-Utilities — 0.3% | ||||||||
Dominion Energy, Inc., 4.25%, 6/1/28 | 100,000 | 106,865 | ||||||
San Diego Gas & Electric Co., 1.70%, 10/1/30 | 367,000 | 333,575 | ||||||
440,440 | ||||||||
Multiline Retail — 0.8% | ||||||||
Dollar Tree, Inc., 4.20%, 5/15/28 | 75,000 | 80,158 | ||||||
Target Corp., 2.65%, 9/15/30 | 870,000 | 874,347 | ||||||
954,505 | ||||||||
Oil, Gas and Consumable Fuels — 6.1% | ||||||||
Boardwalk Pipelines LP, 4.80%, 5/3/29 | 200,000 | 214,271 | ||||||
BP Capital Markets America, Inc., 3.63%, 4/6/30 | 210,000 | 218,881 | ||||||
BP Capital Markets plc, 3.28%, 9/19/27 | 90,000 | 92,626 | ||||||
Burlington Resources LLC, 7.40%, 12/1/31 | 30,000 | 41,778 | ||||||
Canadian Natural Resources Ltd., 2.95%, 7/15/30 | 563,000 | 558,982 | ||||||
Cheniere Corpus Christi Holdings LLC, 5.125%, 6/30/27 | 104,000 | 113,499 | ||||||
Chevron Corp., 1.55%, 5/11/25 | 220,000 | 216,789 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Chevron USA, Inc., 3.85%, 1/15/28 | $ | 618,000 | $ | 666,188 | ||||
Enbridge, Inc., 3.125%, 11/15/29 | 320,000 | 320,105 | ||||||
Enterprise Products Operating LLC, 3.35%, 3/15/23 | 220,000 | 222,843 | ||||||
Enterprise Products Operating LLC, 3.70%, 2/15/26 | 80,000 | 83,588 | ||||||
Equinor ASA, 3.70%, 3/1/24 | 70,000 | 72,450 | ||||||
Equinor ASA, 2.875%, 4/6/25 | 175,000 | 178,265 | ||||||
Exxon Mobil Corp., 3.04%, 3/1/26 | 275,000 | 284,682 | ||||||
Exxon Mobil Corp., 2.44%, 8/16/29 | 340,000 | 334,651 | ||||||
Exxon Mobil Corp., 2.61%, 10/15/30 | 312,000 | 309,967 | ||||||
Kinder Morgan, Inc., 5.30%, 12/1/34 | 380,000 | 426,645 | ||||||
Marathon Petroleum Corp., 4.70%, 5/1/25 | 40,000 | 42,504 | ||||||
MPLX LP, 2.65%, 8/15/30 | 249,000 | 234,861 | ||||||
Phillips 66, 3.90%, 3/15/28 | 540,000 | 567,696 | ||||||
Pioneer Natural Resources Co., 1.90%, 8/15/30 | 575,000 | 522,808 | ||||||
Shell International Finance BV, 3.25%, 5/11/25 | 230,000 | 238,719 | ||||||
Shell International Finance BV, 2.50%, 9/12/26 | 185,000 | 187,391 | ||||||
Shell International Finance BV, 2.75%, 4/6/30 | 200,000 | 199,534 | ||||||
TotalEnergies Capital International SA, 2.43%, 1/10/25 | 147,000 | 148,899 | ||||||
TransCanada PipeLines Ltd., 4.25%, 5/15/28 | 140,000 | 149,122 | ||||||
Valero Energy Corp., 6.625%, 6/15/37 | 175,000 | 225,037 | ||||||
Valero Energy Partners LP, 4.50%, 3/15/28 | 293,000 | 311,869 | ||||||
Williams Cos., Inc. (The), 4.00%, 9/15/25 | 530,000 | 552,407 | ||||||
7,737,057 | ||||||||
Pharmaceuticals — 3.6% | ||||||||
Astrazeneca Finance LLC, 2.25%, 5/28/31 | 350,000 | 336,580 | ||||||
AstraZeneca plc, 4.00%, 1/17/29 | 383,000 | 414,776 | ||||||
Bristol-Myers Squibb Co., 3.25%, 2/27/27 | 279,000 | 292,481 | ||||||
Bristol-Myers Squibb Co., 3.45%, 11/15/27 | 165,000 | 175,345 | ||||||
Bristol-Myers Squibb Co., 1.45%, 11/13/30 | 226,000 | 204,921 | ||||||
Eli Lilly & Co., 3.375%, 3/15/29 | 238,000 | 251,426 | ||||||
Johnson & Johnson, 0.55%, 9/1/25 | 40,000 | 38,151 | ||||||
Johnson & Johnson, 2.90%, 1/15/28 | 440,000 | 453,606 | ||||||
Johnson & Johnson, 3.625%, 3/3/37 | 100,000 | 108,154 | ||||||
Merck & Co., Inc., 0.75%, 2/24/26 | 220,000 | 209,752 | ||||||
Merck & Co., Inc., 3.40%, 3/7/29 | 350,000 | 369,254 | ||||||
Mylan, Inc., 4.55%, 4/15/28 | 202,000 | 215,507 | ||||||
Novartis Capital Corp., 3.10%, 5/17/27 | 285,000 | 295,152 | ||||||
Novartis Capital Corp., 2.20%, 8/14/30 | 175,000 | 169,960 | ||||||
Royalty Pharma plc, 2.20%, 9/2/30 | 500,000 | 454,105 | ||||||
Sanofi, 3.625%, 6/19/28 | 558,000 | 602,759 | ||||||
4,591,929 | ||||||||
Road and Rail — 0.1% | ||||||||
Norfolk Southern Corp., 3.15%, 6/1/27 | 125,000 | 129,337 | ||||||
Semiconductors and Semiconductor Equipment — 2.6% | ||||||||
Broadcom, Inc., 4.11%, 9/15/28 | 185,000 | 194,564 | ||||||
Broadcom,
Inc., 2.60%, 2/15/33(1) |
425,000 | 388,288 | ||||||
Intel Corp., 4.60%, 3/25/40 | 398,000 | 451,504 | ||||||
Lam Research Corp., 3.75%, 3/15/26 | 200,000 | 211,731 | ||||||
Marvell Technology, Inc., 2.95%, 4/15/31 | 425,000 | 409,723 | ||||||
Micron Technology, Inc., 4.19%, 2/15/27 | 75,000 | 79,319 | ||||||
NVIDIA Corp., 2.85%, 4/1/30 | 674,000 | 683,323 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
NVIDIA Corp., 2.00%, 6/15/31 | $ | 200,000 | $ | 188,281 | ||||
NXP
BV / NXP Funding LLC, 5.55%, 12/1/28(1) |
360,000 | 409,674 | ||||||
QUALCOMM, Inc., 3.25%, 5/20/27 | 310,000 | 323,424 | ||||||
3,339,831 | ||||||||
Software — 1.3% | ||||||||
Adobe, Inc., 2.30%, 2/1/30 | 408,000 | 397,178 | ||||||
Autodesk, Inc., 2.85%, 1/15/30 | 500,000 | 488,631 | ||||||
Microsoft Corp., 2.875%, 2/6/24 | 150,000 | 153,679 | ||||||
Oracle Corp., 3.25%, 5/15/30 | 320,000 | 315,816 | ||||||
VMware, Inc., 4.70%, 5/15/30 | 250,000 | 274,748 | ||||||
1,630,052 | ||||||||
Specialty Retail — 1.6% | ||||||||
AutoNation, Inc., 3.80%, 11/15/27 | 66,000 | 68,434 | ||||||
AutoNation, Inc., 4.75%, 6/1/30 | 390,000 | 420,651 | ||||||
Home Depot, Inc. (The), 2.80%, 9/14/27 | 210,000 | 214,494 | ||||||
Home Depot, Inc. (The), 2.95%, 6/15/29 | 325,000 | 332,770 | ||||||
Home Depot, Inc. (The), 3.30%, 4/15/40 | 275,000 | 275,620 | ||||||
O'Reilly Automotive, Inc., 4.35%, 6/1/28 | 145,000 | 156,561 | ||||||
TJX Cos., Inc. (The), 1.15%, 5/15/28 | 550,000 | 509,311 | ||||||
1,977,841 | ||||||||
Technology Hardware, Storage and Peripherals — 1.7% | ||||||||
Apple, Inc., 3.25%, 2/23/26 | 390,000 | 407,443 | ||||||
Apple, Inc., 3.20%, 5/11/27 | 570,000 | 596,758 | ||||||
Apple, Inc., 3.00%, 11/13/27 | 100,000 | 104,064 | ||||||
Apple, Inc., 2.20%, 9/11/29 | 30,000 | 29,486 | ||||||
Hewlett Packard Enterprise Co., 6.20%, 10/15/35 | 464,000 | 555,670 | ||||||
HP, Inc., 3.40%, 6/17/30 | 460,000 | 464,906 | ||||||
2,158,327 | ||||||||
Trading Companies and Distributors — 0.3% | ||||||||
Air Lease Corp., 3.625%, 12/1/27 | 363,000 | 368,015 | ||||||
Transportation Infrastructure — 0.4% | ||||||||
FedEx Corp. 2020-1 Class AA Pass Through Trust, 1.875%, 8/20/35 | 596,025 | 567,366 | ||||||
Wireless Telecommunication Services — 0.2% | ||||||||
T-Mobile USA, Inc., 3.75%, 4/15/27 | 210,000 | 218,189 | ||||||
TOTAL
CORPORATE BONDS
(Cost
$81,653,680) |
78,215,795 | |||||||
U.S.
TREASURY SECURITIES — 24.8% | ||||||||
U.S. Treasury Bonds, 1.125%, 8/15/40 | 1,136,000 | 941,549 | ||||||
U.S. Treasury Bonds, 4.75%, 2/15/41 | 598,600 | 835,819 | ||||||
U.S. Treasury Bonds, 2.25%, 5/15/41 | 1,335,000 | 1,331,193 | ||||||
U.S. Treasury Bonds, 2.00%, 11/15/41 | 2,545,000 | 2,437,235 | ||||||
U.S. Treasury Bonds, 2.50%, 2/15/45 | 315,000 | 325,299 | ||||||
U.S. Treasury Bonds, 2.875%, 8/15/45 | 1,442,700 | 1,591,929 | ||||||
U.S. Treasury Notes, 2.875%, 9/30/23 | 2,503,900 | 2,563,661 | ||||||
U.S. Treasury Notes, 0.125%, 12/15/23 | 1,502,500 | 1,468,224 | ||||||
U.S. Treasury Notes, 1.375%, 1/31/25 | 2,290,000 | 2,273,720 | ||||||
U.S. Treasury Notes, 0.375%, 4/30/25 | 2,575,000 | 2,472,805 | ||||||
U.S. Treasury Notes, 2.125%, 5/15/25 | 2,250,000 | 2,281,816 | ||||||
U.S. Treasury Notes, 2.75%, 8/31/25 | 2,821,900 | 2,921,438 | ||||||
U.S. Treasury Notes, 2.625%, 1/31/26 | 1,533,000 | 1,584,799 | ||||||
U.S. Treasury Notes, 0.875%, 9/30/26 | 2,100,000 | 2,019,117 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
U.S.
Treasury Notes, 0.375%, 9/30/27(2) |
$ | 1,109,100 | $ | 1,026,697 | ||||
U.S. Treasury Notes, 0.50%, 10/31/27 | 1,690,000 | 1,573,350 | ||||||
U.S. Treasury Notes, 1.375%, 10/31/28 | 3,950,000 | 3,837,518 | ||||||
TOTAL
U.S. TREASURY SECURITIES
(Cost
$32,214,222) |
31,486,169 | |||||||
U.S.
GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 19.7% | ||||||||
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 19.7% | ||||||||
GNMA, 2.00%, TBA | 600,000 | 586,641 | ||||||
GNMA, 2.50%, TBA | 750,000 | 749,443 | ||||||
GNMA, 3.00%, TBA | 2,900,000 | 2,948,371 | ||||||
GNMA, 3.00%, TBA | 1,000,000 | 1,014,300 | ||||||
UMBS, 1.50%, TBA | 2,000,000 | 1,946,250 | ||||||
UMBS, 1.50%, TBA | 1,300,000 | 1,263,126 | ||||||
UMBS, 2.00%, TBA | 2,750,000 | 2,729,805 | ||||||
UMBS, 2.00%, TBA | 1,000,000 | 990,900 | ||||||
UMBS, 2.00%, TBA | 2,000,000 | 1,918,594 | ||||||
UMBS, 2.00%, TBA | 1,000,000 | 957,300 | ||||||
UMBS, 2.50%, TBA | 750,000 | 758,845 | ||||||
UMBS, 2.50%, TBA | 2,350,000 | 2,318,697 | ||||||
UMBS, 2.50%, TBA | 900,000 | 885,958 | ||||||
UMBS, 3.00%, TBA | 1,550,000 | 1,565,621 | ||||||
UMBS, 3.00%, TBA | 1,900,000 | 1,914,992 | ||||||
UMBS, 3.00%, TBA | 550,000 | 552,965 | ||||||
UMBS, 3.50%, TBA | 1,750,000 | 1,802,363 | ||||||
TOTAL
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES
(Cost
$24,912,145) |
24,904,171 | |||||||
U.S.
GOVERNMENT AGENCY SECURITIES — 2.8% | ||||||||
Federal Farm Credit Banks Funding Corp., 1.125%, 1/6/25 | 100,000 | 98,541 | ||||||
FHLB, 2.75%, 12/13/24 | 15,000 | 15,449 | ||||||
FHLB, 2.375%, 3/14/25 | 50,000 | 51,067 | ||||||
FHLB, 0.375%, 9/4/25 | 125,000 | 119,183 | ||||||
FHLB, 3.25%, 11/16/28 | 475,000 | 513,581 | ||||||
FHLMC, 1.50%, 2/12/25 | 120,000 | 119,440 | ||||||
FHLMC, 0.375%, 7/21/25 | 284,000 | 271,555 | ||||||
FHLMC, 0.375%, 9/23/25 | 380,000 | 361,934 | ||||||
FNMA, 2.50%, 2/5/24 | 30,000 | 30,580 | ||||||
FNMA, 1.625%, 10/15/24 | 265,000 | 265,024 | ||||||
FNMA, 0.625%, 4/22/25 | 75,000 | 72,583 | ||||||
FNMA, 0.50%, 6/17/25 | 100,000 | 96,020 | ||||||
FNMA, 0.375%, 8/25/25 | 100,000 | 95,379 | ||||||
FNMA, 1.875%, 9/24/26 | 490,000 | 492,302 | ||||||
FNMA, 6.25%, 5/15/29 | 50,000 | 64,322 | ||||||
FNMA, 7.25%, 5/15/30 | 20,000 | 28,068 | ||||||
FNMA, 5.625%, 7/15/37 | 345,000 | 481,529 | ||||||
Tennessee Valley Authority, 0.75%, 5/15/25 | 105,000 | 101,802 | ||||||
Tennessee Valley Authority, 7.125%, 5/1/30 | 20,000 | 27,414 | ||||||
Tennessee Valley Authority, 5.88%, 4/1/36 | 90,000 | 127,061 | ||||||
Tennessee Valley Authority, Series A, 2.875%, 2/1/27 | 60,000 | 62,952 | ||||||
TOTAL
U.S. GOVERNMENT AGENCY SECURITIES
(Cost
$3,595,771) |
3,495,786 |
Avantis Core Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
SOVEREIGN
GOVERNMENTS AND AGENCIES — 0.1% | ||||||||
Canada — 0.1% | ||||||||
Export
Development Canada, 2.625%, 2/21/24
(Cost
$104,453) |
$ | 100,000 | $ | 102,118 | ||||
SHORT-TERM
INVESTMENTS — 10.0% | ||||||||
Commercial
Paper(3)
— 2.5% |
||||||||
Glencove
Funding LLC, 0.22%, 3/1/22(1) |
1,000,000 | 999,997 | ||||||
Macquarie
Bank Ltd., 0.21%, 3/18/22(1) |
250,000 | 249,993 | ||||||
Old
Line Funding LLC, 0.18%, 3/28/22(1) |
1,000,000 | 999,880 | ||||||
Royal Bank of Canada, 0.21%, 3/21/22 | 710,000 | 709,965 | ||||||
Sheffield
Receivables Co. LLC, 0.26%, 3/8/22(1) |
250,000 | 249,995 | ||||||
3,209,830 | ||||||||
Treasury Bills — 7.5% | ||||||||
U.S.
Treasury Bills, 0.02%, 3/3/22(3) |
500,000 | 500,000 | ||||||
U.S.
Treasury Bills, 0.09%, 3/22/22(3) |
500,000 | 499,990 | ||||||
U.S.
Treasury Bills, 0.06%, 3/31/22(3) |
2,700,000 | 2,699,851 | ||||||
U.S.
Treasury Bills, 0.17%, 4/21/22(3) |
1,100,000 | 1,099,727 | ||||||
U.S.
Treasury Bills, 0.20%, 5/5/22(3) |
2,700,000 | 2,698,920 | ||||||
U.S.
Treasury Bills, 0.32%, 5/12/22(3) |
1,500,000 | 1,499,182 | ||||||
U.S.
Treasury Cash Management Bills, 0.15%, 5/10/22(3) |
500,000 | 499,757 | ||||||
9,497,427 | ||||||||
TOTAL
SHORT-TERM INVESTMENTS
(Cost
$12,707,108) |
12,707,257 | |||||||
TOTAL
INVESTMENT SECURITIES — 119.1%
(Cost
$155,187,379) |
|
150,911,296 | ||||||
OTHER
ASSETS AND LIABILITIES — (19.1)% |
|
(24,192,546) | ||||||
TOTAL
NET ASSETS — 100.0% |
|
$ | 126,718,750 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional
Amount |
Unrealized
Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 5-Year Notes | 4 | June 2022 | $ | 473,125 | $ | 117 |
CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS | |||||||||||||||||||||||
Reference Entity |
Type‡ |
Fixed
Rate Received (Paid) Quarterly |
Termination
Date |
Notional
Amount |
Premiums Paid (Received) | Unrealized
Appreciation (Depreciation) |
Value^ | ||||||||||||||||
Markit CDX North America Investment Grade Index Series 37 | Sell | 1.00% | 12/20/26 | $ | 2,500,000 | $ | 53,173 | $ | (10,953) | $ | 42,220 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
CDX | - | Credit Derivatives Indexes | ||||||
FHLB | - | Federal Home Loan Bank | ||||||
FHLMC | - | Federal Home Loan Mortgage Corporation | ||||||
FNMA | - | Federal National Mortgage Association | ||||||
GNMA | - | Government National Mortgage Association | ||||||
MTN | - | Medium Term Note | ||||||
TBA | - | To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement. | ||||||
UMBS | - | Uniform Mortgage-Backed Securities |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
MUNICIPAL
SECURITIES — 98.9% |
|
| ||||||
Alabama — 2.2% | ||||||||
Alabama
Federal Aid Highway Finance Authority Rev., 5.00%, 9/1/24(1) |
$ | 100,000 | $ | 109,316 | ||||
Alabama
Federal Aid Highway Finance Authority Rev., 4.00%, 9/1/27, Prerefunded at
100% of Par(1) |
50,000 | 56,779 | ||||||
Alabama Public School and College Authority Rev., 5.00%, 11/1/37 | 200,000 | 248,992 | ||||||
Alabama Public School and College Authority Rev., 4.00%, 11/1/40 | 200,000 | 230,092 | ||||||
645,179 | ||||||||
Arizona — 2.3% | ||||||||
Arizona Transportation Board Rev., 5.00%, 7/1/24 | 50,000 | 54,395 | ||||||
Mesa Utility System Rev., 4.00%, 7/1/34 | 15,000 | 17,381 | ||||||
Phoenix GO, 5.00%, 7/1/25 | 85,000 | 95,027 | ||||||
Pima County Sewer System Rev., 5.00%, 7/1/24 | 25,000 | 27,161 | ||||||
Pima County Sewer System Rev., 5.00%, 7/1/25 | 35,000 | 39,177 | ||||||
Salt River Project Agricultural Improvement & Power District Rev., 5.00%, 1/1/31 | 30,000 | 34,864 | ||||||
Salt River Project Agricultural Improvement & Power District Rev., 5.00%, 1/1/31 | 60,000 | 71,477 | ||||||
Salt River Project Agricultural Improvement & Power District Rev., 5.00%, 1/1/39 | 65,000 | 76,782 | ||||||
Scottsdale Municipal Property Corp. Rev., 5.00%, 7/1/30 | 50,000 | 60,588 | ||||||
State
of Arizona COP, 5.00%, 10/1/25(1) |
125,000 | 140,888 | ||||||
State
of Arizona COP, 5.00%, 10/1/29(1) |
10,000 | 12,398 | ||||||
State
of Arizona Lottery Rev., 5.00%, 7/1/29(1) |
30,000 | 37,006 | ||||||
667,144 | ||||||||
California — 17.0% | ||||||||
California State Public Works Board Rev., 5.00%, 11/1/29 | 25,000 | 26,484 | ||||||
California State Public Works Board Rev., (State of California Department of General Services), 5.00%, 5/1/25 | 40,000 | 44,450 | ||||||
California State University Rev., 5.00%, 11/1/26 | 25,000 | 28,225 | ||||||
California State University Rev., 5.00%, 11/1/36 | 200,000 | 227,204 | ||||||
Chino Basin Regional Financing Authority Rev., (Inland Empire Utilities Agency), 4.00%, 11/1/25 | 25,000 | 27,133 | ||||||
Coast
Community College District GO, 5.00%, 8/15/25, Prerefunded at 100% of
Par(1) |
75,000 | 84,285 | ||||||
Coast
Community College District GO, Capital Appreciation, 0.00%, 8/1/27
(AGM)(2) |
50,000 | 45,182 | ||||||
East Bay Municipal Utility District Water System Rev., 5.00%, 6/1/30 | 135,000 | 150,698 | ||||||
East Bay Municipal Utility District Water System Rev., 5.00%, 6/1/33 | 30,000 | 35,135 | ||||||
East Bay Municipal Utility District Water System Rev., 5.00%, 6/1/35 | 30,000 | 35,036 | ||||||
Eastern Municipal Water District Financing Authority Rev., 4.00%, 7/1/38 | 60,000 | 69,646 | ||||||
Los Angeles Community College District GO, 5.00%, 8/1/23 | 25,000 | 26,431 | ||||||
Los Angeles County Metropolitan Transportation Authority Rev., 5.00%, 7/1/37 | 60,000 | 70,337 | ||||||
Los Angeles Department of Airports Rev., 5.00%, 5/15/37 | 200,000 | 243,947 | ||||||
Los Angeles Department of Airports Rev., 4.00%, 5/15/39 | 10,000 | 11,353 | ||||||
Los Angeles Department of Airports Rev., 5.00%, 5/15/39 | 200,000 | 243,121 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Los Angeles Department of Airports Rev., 4.00%, 5/15/40 | $ | 75,000 | $ | 84,948 | ||||
Los Angeles Department of Airports Rev., 5.00%, 5/15/40 | 65,000 | 78,897 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/24 | 25,000 | 27,161 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/24 | 45,000 | 46,542 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/25 | 25,000 | 27,933 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/27 | 50,000 | 54,286 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/34 | 50,000 | 55,072 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/40 | 75,000 | 92,237 | ||||||
Los Angeles Unified School District GO, 3.00%, 7/1/35 | 45,000 | 47,226 | ||||||
Los Angeles Unified School District GO, 3.00%, 7/1/45 | 150,000 | 151,948 | ||||||
Municipal Improvement Corp. of Los Angeles Rev., (Los Angeles), 5.00%, 11/1/24 | 80,000 | 87,904 | ||||||
Municipal Improvement Corp. of Los Angeles Rev., (Los Angeles), 5.00%, 11/1/31 | 60,000 | 69,168 | ||||||
Oakland Unified School District / Alameda County GO, 5.00%, 8/1/26 (AGM) | 120,000 | 134,393 | ||||||
Perris Union High School District GO, 4.00%, 9/1/43 (AGM) | 50,000 | 56,701 | ||||||
Riverside
County Public Financing Authority Rev., (Riverside County), 4.125%,
11/1/25, Prerefunded at 100% of Par(1) |
10,000 | 10,982 | ||||||
Sacramento City Financing Authority Rev., (Sacramento), 5.25%, 12/1/30 (Ambac) | 100,000 | 123,543 | ||||||
Sacramento Municipal Utility District Rev., 5.00%, 8/15/23 | 25,000 | 26,462 | ||||||
Sacramento Municipal Utility District Rev., 5.00%, 8/15/39 | 50,000 | 61,350 | ||||||
San
Diego Community College District GO, 5.00%, 8/1/26, Prerefunded at 100% of
Par(1) |
30,000 | 34,630 | ||||||
San Diego Community College District GO, 5.00%, 8/1/28 | 30,000 | 34,686 | ||||||
San Diego Public Facilities Financing Authority Rev., (San Diego Sewer Utility Rev.), 5.00%, 5/15/29 | 35,000 | 40,030 | ||||||
San Diego Unified School District GO, 5.00%, 7/1/26 | 75,000 | 83,900 | ||||||
San Diego Unified School District GO, 5.25%, 7/1/28 (AGM) | 35,000 | 42,799 | ||||||
San
Diego Unified School District GO, Capital Appreciation, 0.00%,
7/1/30(2) |
40,000 | 33,367 | ||||||
San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/32 | 20,000 | 24,033 | ||||||
San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/35 | 40,000 | 48,028 | ||||||
San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/24 | 25,000 | 27,470 | ||||||
San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/34 | 25,000 | 28,857 | ||||||
San Francisco Public Utilities Commission Water Rev., 4.00%, 11/1/35 | 10,000 | 10,769 | ||||||
San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/36 | 35,000 | 38,779 | ||||||
San
Jose Financing Authority Rev., (San Jose), 5.00%, 6/1/23, Prerefunded at
100% of Par(1) |
45,000 | 47,238 | ||||||
Santa County Clara GO, 3.25%, 8/1/39 | 50,000 | 51,967 | ||||||
State of California GO, 5.00%, 9/1/26 | 30,000 | 34,623 | ||||||
State of California GO, 5.00%, 8/1/27 | 200,000 | 223,563 | ||||||
State of California GO, 5.00%, 8/1/28 | 5,000 | 5,892 | ||||||
State of California GO, 5.00%, 4/1/30 | 20,000 | 24,483 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
State of California GO, 5.00%, 4/1/30 | $ | 5,000 | $ | 6,247 | ||||
State of California GO, 5.00%, 10/1/31 | 15,000 | 18,504 | ||||||
State of California GO, 5.25%, 8/1/32 (AGM) | 230,000 | 301,904 | ||||||
State of California GO, 4.00%, 9/1/33 | 60,000 | 66,285 | ||||||
State of California GO, 5.00%, 3/1/35 | 70,000 | 86,682 | ||||||
State of California GO, 3.00%, 10/1/35 | 300,000 | 314,403 | ||||||
State of California GO, 4.00%, 3/1/36 | 145,000 | 165,975 | ||||||
State of California GO, 4.00%, 11/1/36 | 50,000 | 57,736 | ||||||
State of California GO, 3.00%, 10/1/37 | 90,000 | 93,738 | ||||||
State
of California Department of Water Resources Rev., 5.00%, 6/1/23,
Prerefunded at 100% of Par(1) |
25,000 | 26,259 | ||||||
State
of California Department of Water Resources Rev., 5.00%, 12/1/24,
Prerefunded at 100% of Par(1) |
145,000 | 159,774 | ||||||
University of California Rev., 5.00%, 5/15/34 | 50,000 | 59,979 | ||||||
University of California Rev., 5.00%, 5/15/36 | 65,000 | 75,660 | ||||||
University of California Rev., 5.00%, 5/15/38 | 30,000 | 37,074 | ||||||
University of California Rev., 5.00%, 5/15/38 | 30,000 | 35,875 | ||||||
4,946,629 | ||||||||
Colorado — 2.7% | ||||||||
City & County of Denver GO, 5.00%, 8/1/30 | 325,000 | 412,163 | ||||||
City & County of Denver Airport System Rev., 5.00%, 11/15/23 | 50,000 | 53,157 | ||||||
City & County of Denver Airport System Rev., 5.00%, 11/15/24 | 30,000 | 32,894 | ||||||
E-470
Public Highway Authority Rev., Capital Appreciation, 0.00%, 9/1/24
(NATL)(2) |
55,000 | 52,904 | ||||||
E-470
Public Highway Authority Rev., Capital Appreciation, 0.00%, 9/1/30
(NATL)(2) |
80,000 | 66,331 | ||||||
Regional Transportation District Sales Tax Rev., 5.00%, 11/1/28 | 30,000 | 36,369 | ||||||
State of Colorado COP, 5.00%, 12/15/32 | 50,000 | 62,777 | ||||||
State of Colorado COP, 4.00%, 12/15/37 | 40,000 | 45,834 | ||||||
State of Colorado COP, 4.00%, 12/15/38 | 30,000 | 34,180 | ||||||
796,609 | ||||||||
Connecticut — 1.9% | ||||||||
Connecticut State Health & Educational Facilities Authority Rev., (Quinnipiac University), 4.125%, 7/1/41 | 75,000 | 79,506 | ||||||
State of Connecticut GO, 5.00%, 10/15/22 | 25,000 | 25,661 | ||||||
State of Connecticut GO, 5.00%, 5/15/24 | 30,000 | 32,469 | ||||||
State of Connecticut GO, 5.00%, 4/15/25 | 25,000 | 27,761 | ||||||
State of Connecticut GO, 5.00%, 1/15/26 | 35,000 | 39,699 | ||||||
State of Connecticut GO, 5.00%, 11/15/31 | 30,000 | 33,595 | ||||||
State of Connecticut GO, 3.00%, 1/15/32 | 20,000 | 21,430 | ||||||
State of Connecticut Special Tax Rev., 5.00%, 8/1/31 | 25,000 | 27,857 | ||||||
State of Connecticut Special Tax Rev., 5.00%, 5/1/37 | 75,000 | 91,947 | ||||||
State of Connecticut Special Tax Rev., 3.125%, 5/1/40 | 75,000 | 76,207 | ||||||
University of Connecticut Rev., 4.00%, 4/15/38 | 95,000 | 105,062 | ||||||
561,194 | ||||||||
District of Columbia — 3.8% | ||||||||
District of Columbia GO, 5.00%, 6/1/28 | 35,000 | 36,718 | ||||||
District of Columbia GO, 5.00%, 10/15/30 | 100,000 | 122,234 | ||||||
District of Columbia GO, 5.00%, 6/1/31 | 40,000 | 43,279 | ||||||
District of Columbia GO, 5.00%, 6/1/33 | 60,000 | 64,848 | ||||||
District of Columbia Rev., (District of Columbia Income Tax Rev.), 4.00%, 3/1/37 | 360,000 | 410,234 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
District of Columbia Rev., (Georgetown University), 5.00%, 4/1/32 | $ | 10,000 | $ | 11,449 | ||||
District of Columbia Rev., (Georgetown University), 5.00%, 4/1/33 | 25,000 | 28,604 | ||||||
District of Columbia Rev., (Georgetown University), 5.00%, 4/1/34 | 100,000 | 114,558 | ||||||
District of Columbia Rev., (Income Tax Revenue), 5.00%, 3/1/38 | 100,000 | 123,287 | ||||||
Washington Metropolitan Area Transit Authority Rev., 5.00%, 7/1/37 | 25,000 | 29,043 | ||||||
Washington Metropolitan Area Transit Authority Rev., 5.00%, 7/15/37 | 85,000 | 105,318 | ||||||
1,089,572 | ||||||||
Florida — 4.6% | ||||||||
Broward
County Airport System Rev., 5.00%, 10/1/22, Prerefunded at 100% of
Par(1) |
50,000 | 51,246 | ||||||
Broward County Water & Sewer Utility Rev., 5.00%, 10/1/38 | 15,000 | 18,323 | ||||||
Central Florida Expressway Authority Rev., 4.00%, 7/1/31 | 10,000 | 10,944 | ||||||
Central Florida Expressway Authority Rev., 3.25%, 7/1/36 | 60,000 | 63,283 | ||||||
Central Florida Expressway Authority Rev., 4.00%, 7/1/37 | 95,000 | 102,684 | ||||||
Hillsborough
County School Board COP, 5.00%, 7/1/22, Prerefunded at 100% of
Par(1) |
30,000 | 30,438 | ||||||
Hillsborough County School Board COP, 5.00%, 7/1/26 | 105,000 | 116,552 | ||||||
Miami-Dade County GO, 4.00%, 7/1/33 | 50,000 | 52,940 | ||||||
Miami-Dade
County Water & Sewer System Rev., 5.00%, 10/1/23, Prerefunded at 100%
of Par(1) |
80,000 | 84,962 | ||||||
Miami-Dade County Water & Sewer System Rev., 5.00%, 10/1/23 | 10,000 | 10,619 | ||||||
Miami-Dade County Water & Sewer System Rev., 5.00%, 10/1/24 | 50,000 | 54,692 | ||||||
Miami-Dade County Water & Sewer System Rev., 3.125%, 10/1/39 | 25,000 | 26,384 | ||||||
Orange County Convention Center/Orlando Rev., 5.00%, 10/1/24 | 80,000 | 87,316 | ||||||
Orange County School Board COP, 5.00%, 8/1/34 | 90,000 | 102,481 | ||||||
Palm Beach County School District COP, 5.00%, 8/1/29 | 130,000 | 155,484 | ||||||
School Board of Miami-Dade County COP, 5.00%, 2/1/25 | 60,000 | 66,103 | ||||||
School Board of Miami-Dade County COP, 5.00%, 2/1/27 | 80,000 | 90,330 | ||||||
School Board of Miami-Dade County COP, 5.00%, 5/1/30 | 60,000 | 66,106 | ||||||
School District of Broward County COP, 5.00%, 7/1/22 | 25,000 | 25,361 | ||||||
School District of Broward County COP, 5.00%, 7/1/32 | 25,000 | 30,836 | ||||||
State of Florida Department of Transportation Turnpike System Rev., 2.875%, 7/1/25 | 40,000 | 40,207 | ||||||
Tampa Bay Water Rev., 5.50%, 10/1/24 (NATL) | 55,000 | 60,946 | ||||||
1,348,237 | ||||||||
Georgia — 4.8% | ||||||||
Atlanta Department of Aviation Rev., 5.00%, 7/1/27 | 10,000 | 11,745 | ||||||
Atlanta Water & Wastewater Rev., 5.75%, 11/1/30 (AGM) | 10,000 | 13,206 | ||||||
Atlanta Water & Wastewater Rev., 5.00%, 11/1/40 | 15,000 | 16,645 | ||||||
DeKalb County Water & Sewerage Rev., 5.25%, 10/1/32 (AGM) | 75,000 | 87,463 | ||||||
Fulton County Water & Sewerage Rev., 3.00%, 1/1/40 | 150,000 | 153,453 | ||||||
Georgia State Road & Tollway Authority Rev., 5.00%, 6/1/30 | 80,000 | 99,927 | ||||||
Gwinnett County School District GO, 4.00%, 2/1/37 | 200,000 | 234,512 | ||||||
Metropolitan Atlanta Rapid Transit Authority Rev., 5.00%, 7/1/33 | 80,000 | 91,681 | ||||||
Metropolitan Atlanta Rapid Transit Authority Rev., 3.25%, 7/1/37 | 45,000 | 46,748 | ||||||
Metropolitan Atlanta Rapid Transit Authority Rev., 3.25%, 7/1/39 | 260,000 | 268,105 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Private Colleges & Universities Authority Rev., (Emory University), 5.00%, 9/1/29 | $ | 20,000 | $ | 24,643 | ||||
Private Colleges & Universities Authority Rev., (Emory University), 4.00%, 9/1/38 | 250,000 | 286,296 | ||||||
Private Colleges & Universities Authority Rev., (Emory University), 4.00%, 9/1/39 | 50,000 | 57,194 | ||||||
1,391,618 | ||||||||
Hawaii — 1.7% | ||||||||
City & County Honolulu Wastewater System Rev., 3.00%, 7/1/41 | 90,000 | 93,289 | ||||||
City & County of Honolulu GO, 5.00%, 3/1/25 | 45,000 | 49,919 | ||||||
City & County of Honolulu GO, 5.00%, 9/1/30 | 185,000 | 223,830 | ||||||
City & County of Honolulu GO, 5.00%, 3/1/31 | 45,000 | 56,197 | ||||||
State of Hawaii GO, 5.00%, 1/1/36 | 35,000 | 41,387 | ||||||
State of Hawaii GO, 3.00%, 4/1/36 | 30,000 | 31,286 | ||||||
State of Hawaii GO, 4.00%, 5/1/36 | 10,000 | 11,080 | ||||||
506,988 | ||||||||
Illinois — 3.3% | ||||||||
Chicago O'Hare International Airport Rev., 5.25%, 1/1/29 | 5,000 | 5,164 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/30 | 20,000 | 21,790 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/32 | 5,000 | 5,433 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/32 | 25,000 | 28,046 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/34 | 25,000 | 28,046 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/35 | 90,000 | 103,238 | ||||||
Cook County Sales Tax Rev., 4.00%, 11/15/40 | 105,000 | 117,666 | ||||||
Illinois Finance Authority Rev., (DePaul University), 4.00%, 10/1/40 | 25,000 | 27,325 | ||||||
Illinois Finance Authority Rev., (State of Illinois Water Revolving Fund - Clean Water Program), 4.00%, 7/1/38 | 90,000 | 104,237 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/28 | 20,000 | 23,766 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/30 | 25,000 | 30,921 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/31 | 30,000 | 36,969 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/41 | 75,000 | 84,060 | ||||||
Metropolitan Water Reclamation District of Greater Chicago GO, 5.00%, 12/1/25 | 100,000 | 112,850 | ||||||
Sales Tax Securitization Corp. Rev., 5.50%, 1/1/32 | 10,000 | 12,145 | ||||||
Springfield Electric Rev., 4.00%, 3/1/40 (AGM) | 20,000 | 20,949 | ||||||
State of Illinois GO, 5.00%, 2/1/26 | 40,000 | 44,615 | ||||||
State of Illinois GO, 5.00%, 3/1/34 | 40,000 | 47,335 | ||||||
State of Illinois GO, 5.00%, 5/1/35 | 35,000 | 37,209 | ||||||
State of Illinois GO, 4.00%, 11/1/38 | 20,000 | 21,423 | ||||||
State of Illinois GO, 5.50%, 5/1/39 | 15,000 | 17,917 | ||||||
State of Illinois Rev., 5.00%, 6/15/26 | 15,000 | 15,639 | ||||||
946,743 | ||||||||
Indiana — 1.5% | ||||||||
Indiana Finance Authority Rev., (CWA Authority, Inc.), 4.00%, 10/1/36 | 360,000 | 421,434 | ||||||
Kentucky — 0.2% | ||||||||
Kentucky State Property & Building Commission Rev., (Kentucky Finance and Administration Cabinet), 5.00%, 11/1/25 | 50,000 | 56,469 | ||||||
Louisiana — 0.4% | ||||||||
East
Baton Rouge Sewerage Commission Rev., 5.00%, 2/1/25, Prerefunded at 100%
of Par(1) |
35,000 | 38,687 | ||||||
State of Louisiana GO, 5.00%, 8/1/27 | 75,000 | 86,471 | ||||||
125,158 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Maryland — 1.8% | ||||||||
Montgomery County GO, 5.00%, 11/1/24 | $ | 35,000 | $ | 38,468 | ||||
Prince County George's GO, 5.00%, 7/15/31 | 100,000 | 120,874 | ||||||
State of Maryland GO, 5.00%, 3/15/23 | 45,000 | 46,924 | ||||||
State of Maryland GO, 5.00%, 3/15/25 | 25,000 | 27,789 | ||||||
State of Maryland GO, 5.00%, 3/15/29 | 25,000 | 30,762 | ||||||
State of Maryland GO, 5.00%, 8/1/30 | 15,000 | 18,969 | ||||||
State of Maryland GO, 5.00%, 3/15/31 | 25,000 | 29,129 | ||||||
State of Maryland GO, 3.25%, 3/15/32 | 25,000 | 26,594 | ||||||
State of Maryland GO, 5.00%, 8/1/35 | 35,000 | 43,913 | ||||||
State of Maryland Department of Transportation Rev., 5.00%, 11/1/23 | 55,000 | 58,576 | ||||||
State of Maryland Department of Transportation Rev., 2.125%, 10/1/31 | 70,000 | 70,969 | ||||||
512,967 | ||||||||
Massachusetts — 3.8% | ||||||||
Massachusetts GO, 5.25%, 8/1/22 | 5,000 | 5,096 | ||||||
Massachusetts GO, 5.50%, 8/1/30 (Ambac) | 150,000 | 192,035 | ||||||
Massachusetts GO, 5.00%, 9/1/30 | 10,000 | 12,340 | ||||||
Massachusetts GO, 3.00%, 7/1/35 | 100,000 | 103,945 | ||||||
Massachusetts GO, 5.00%, 11/1/45 | 75,000 | 91,854 | ||||||
Massachusetts GO, 5.00%, 11/1/50 | 75,000 | 91,337 | ||||||
Massachusetts Development Finance Agency Rev., (Northeastern University), 5.00%, 3/1/39 | 75,000 | 80,158 | ||||||
Massachusetts Development Finance Agency Rev., (President and Fellows of Harvard College), 5.00%, 10/15/29 | 10,000 | 12,472 | ||||||
Massachusetts School Building Authority Rev., 5.00%, 11/15/33 | 25,000 | 28,837 | ||||||
Massachusetts School Building Authority Rev., 5.00%, 8/15/37 | 60,000 | 66,788 | ||||||
Massachusetts Transportation Fund Rev., 5.00%, 6/1/25 | 150,000 | 167,646 | ||||||
Massachusetts Transportation Trust Fund Metropolitan Highway System Rev., 5.00%, 1/1/33 | 155,000 | 186,328 | ||||||
Massachusetts Water Resources Authority Rev., 5.00%, 8/1/23 | 60,000 | 63,382 | ||||||
1,102,218 | ||||||||
Michigan — 0.7% | ||||||||
Michigan Finance Authority Rev., (Great Lakes Water Authority Sewage Disposal System Rev.), 5.00%, 7/1/26 (AGM) | 25,000 | 27,203 | ||||||
Michigan State Building Authority Rev., 5.00%, 4/15/30 | 30,000 | 33,681 | ||||||
Michigan State Building Authority Rev., 5.00%, 10/15/30 | 10,000 | 11,472 | ||||||
State of Michigan Rev., 5.00%, 3/15/22 | 25,000 | 25,040 | ||||||
State of Michigan Trunk Line Rev., 5.00%, 11/15/29 | 75,000 | 93,270 | ||||||
University of Michigan Rev., 5.00%, 4/1/40 | 20,000 | 22,630 | ||||||
213,296 | ||||||||
Minnesota — 1.1% | ||||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/27 | 30,000 | 34,592 | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/28 | 25,000 | 28,842 | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/30 | 20,000 | 23,038 | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/31 | 100,000 | 114,862 | ||||||
State of Minnesota GO, 5.00%, 8/1/23 | 105,000 | 110,950 | ||||||
312,284 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Mississippi — 0.1% | ||||||||
State
of Mississippi GO, 5.00%, 10/1/27, Prerefunded at 100% of Par(1) |
$ | 25,000 | $ | 29,691 | ||||
Missouri — 0.3% | ||||||||
Missouri Joint Municipal Electric Utility Commission Rev., 5.00%, 12/1/40 | 25,000 | 28,274 | ||||||
Springfield School District No. R-12 GO, 3.00%, 3/1/39 | 20,000 | 20,941 | ||||||
St. Louis Airport Rev., 5.50%, 7/1/28 (NATL) | 25,000 | 30,424 | ||||||
79,639 | ||||||||
Nebraska — 0.1% | ||||||||
Omaha Public Power District Rev., 5.00%, 2/1/31 | 30,000 | 36,520 | ||||||
Nevada — 2.0% | ||||||||
Clark County Passenger Facility Charge Rev., 5.00%, 7/1/22 | 120,000 | 121,723 | ||||||
Clark County Passenger Facility Charge Rev., 5.00%, 7/1/33 | 15,000 | 18,140 | ||||||
Clark County School District GO, 5.00%, 6/15/26 | 15,000 | 16,939 | ||||||
Clark County School District GO, 5.00%, 6/15/27 | 125,000 | 140,622 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/25 | 50,000 | 56,640 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/26 | 45,000 | 51,629 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/27 | 50,000 | 57,099 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/31 | 105,000 | 122,512 | ||||||
585,304 | ||||||||
New Jersey — 4.6% | ||||||||
Garden State Preservation Trust Rev., 5.75%, 11/1/28 (AGM) | 25,000 | 29,459 | ||||||
Garden
State Preservation Trust Rev., Capital Appreciation, 0.00%, 11/1/28
(AGM)(2) |
5,000 | 4,297 | ||||||
Hudson County Improvement Authority Rev., (Hudson County), 4.00%, 10/1/46 | 100,000 | 113,492 | ||||||
Hudson County Improvement Authority Rev., (Hudson County), 4.00%, 10/1/51 | 150,000 | 169,482 | ||||||
New Jersey Economic Development Authority Rev., (New Jersey Transit Corp.), 4.00%, 11/1/25 | 30,000 | 32,408 | ||||||
New Jersey Economic Development Authority Rev., (New Jersey Transit Corp.), 5.00%, 11/1/26 | 50,000 | 57,030 | ||||||
New Jersey Economic Development Authority Rev., (New Jersey Transit Corp.), 4.00%, 11/1/27 | 25,000 | 27,660 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 4.25%, 6/15/26 | 35,000 | 37,810 | ||||||
New
Jersey Economic Development Authority Rev., (State of New Jersey
Department of the Treasury), 5.50%, 12/15/26, Prerefunded at 100% of
Par(1) |
20,000 | 23,760 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 4.375%, 6/15/27 | 25,000 | 26,999 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 5.00%, 6/15/35 | 25,000 | 27,527 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 5.00%, 6/15/36 | 20,000 | 22,002 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 4.00%, 6/15/37 | 25,000 | 26,643 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 5.00%, 6/15/41 | 140,000 | 156,731 | ||||||
New Jersey Educational Facilities Authority Rev., (Montclair State University, Inc.), 5.00%, 7/1/39 | 20,000 | 21,530 | ||||||
New Jersey Educational Facilities Authority Rev., (State of New Jersey), 5.00%, 9/1/36 | 55,000 | 61,607 | ||||||
New Jersey Higher Education Student Assistance Authority Rev., 2.375%, 12/1/29 | 5,000 | 5,028 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
New Jersey Transportation Trust Fund Authority Rev., 4.00%, 6/15/27 | $ | 20,000 | $ | 20,189 | ||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 6/15/27 | 5,000 | 5,684 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 12/15/27 | 35,000 | 40,682 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 12/15/27 | 25,000 | 29,058 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 6/15/30 | 25,000 | 28,345 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 6/15/38 | 20,000 | 20,246 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/31 | 15,000 | 17,731 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/31 | 20,000 | 23,642 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/32 | 10,000 | 11,800 | ||||||
New Jersey Turnpike Authority Rev., 4.00%, 1/1/34 | 25,000 | 27,810 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/34 | 25,000 | 28,726 | ||||||
New Jersey Turnpike Authority Rev., 4.00%, 1/1/35 | 20,000 | 22,195 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/35 | 10,000 | 11,772 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/36 | 10,000 | 11,764 | ||||||
New Jersey Turnpike Authority Rev., 3.25%, 1/1/38 | 30,000 | 31,357 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/40 | 15,000 | 17,517 | ||||||
State of New Jersey GO, 5.00%, 6/1/28 | 50,000 | 59,427 | ||||||
State of New Jersey GO, 4.00%, 6/1/31 | 25,000 | 28,923 | ||||||
State of New Jersey GO, 4.00%, 6/1/33 | 40,000 | 41,264 | ||||||
State of New Jersey GO, 4.00%, 6/1/34 | 20,000 | 21,495 | ||||||
1,343,092 | ||||||||
New Mexico — 0.2% | ||||||||
State of New Mexico Severance Tax Permanent Fund Rev., 5.00%, 7/1/31 | 45,000 | 57,429 | ||||||
New York — 13.1% | ||||||||
Dutchess County Local Development Corp. Rev., (Vassar College), 5.00%, 7/1/42 | 20,000 | 23,118 | ||||||
Hudson Yards Infrastructure Corp. Rev., 5.00%, 2/15/28 | 25,000 | 29,221 | ||||||
Hudson Yards Infrastructure Corp. Rev., 5.00%, 2/15/32 | 20,000 | 23,294 | ||||||
Hudson Yards Infrastructure Corp. Rev., 5.00%, 2/15/37 | 160,000 | 184,614 | ||||||
Long Island Power Authority Rev., 5.00%, 9/1/33 | 55,000 | 66,021 | ||||||
Long Island Power Authority Rev., 5.00%, 9/1/38 | 100,000 | 118,840 | ||||||
Metropolitan Transportation Authority Rev., 4.00%, 11/15/36 | 40,000 | 42,426 | ||||||
Metropolitan Transportation Authority Rev., 5.00%, 11/15/44 (AGM) | 25,000 | 29,102 | ||||||
Metropolitan Transportation Authority Rev., (Metropolitan Transportation Authority Dedicated Tax Fund), 5.00%, 11/15/24 | 35,000 | 36,038 | ||||||
Metropolitan Transportation Authority Rev., (Metropolitan Transportation Authority Dedicated Tax Fund), 5.25%, 11/15/33 | 25,000 | 29,649 | ||||||
Metropolitan Transportation Authority Rev., (Metropolitan Transportation Authority Dedicated Tax Fund), 5.25%, 11/15/35 | 25,000 | 29,009 | ||||||
Nassau County GO, 5.00%, 10/1/27 | 30,000 | 35,330 | ||||||
New York City GO, 5.00%, 8/1/25 | 200,000 | 224,202 | ||||||
New York City GO, 5.00%, 8/1/25 | 165,000 | 179,321 | ||||||
New York City GO, 5.00%, 8/1/26 | 25,000 | 28,777 | ||||||
New York City GO, 5.00%, 8/1/27 | 50,000 | 52,717 | ||||||
New York City GO, 5.00%, 8/1/27 | 100,000 | 117,790 | ||||||
New York City GO, 5.00%, 8/1/28 | 10,000 | 11,956 | ||||||
New York City GO, 5.00%, 8/1/28 | 60,000 | 62,191 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
New York City GO, 5.25%, 10/1/30 | $ | 50,000 | $ | 59,606 | ||||
New York City GO, 5.00%, 12/1/38 | 30,000 | 35,771 | ||||||
New York City Industrial Development Agency Rev., (Yankee Stadium LLC), 4.00%, 3/1/45 (AGM) | 100,000 | 111,066 | ||||||
New York City Transitional Finance Authority Building Aid Rev., 5.00%, 7/15/29 | 25,000 | 29,445 | ||||||
New York Convention Center Development Corp. Rev., (New York City Hotel Unit Fee Rev.), 5.00%, 11/15/40 | 75,000 | 83,473 | ||||||
New York State Dormitory Authority Rev., (New York University), 4.00%, 7/1/36 | 50,000 | 55,262 | ||||||
New York State Dormitory Authority Rev., (New York University), 5.00%, 7/1/39 | 10,000 | 11,332 | ||||||
New
York State Dormitory Authority Rev., (State of New York Personal Income
Tax Rev.), 5.00%, 2/15/24(1) |
60,000 | 64,412 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/30 | 35,000 | 38,618 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/32 | 40,000 | 50,190 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 4.00%, 2/15/38 | 65,000 | 72,920 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 4.00%, 2/15/39 | 200,000 | 223,976 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/39 | 25,000 | 30,229 | ||||||
New York State Dormitory Authority Rev., (State University of New York), 5.00%, 7/1/23 | 5,000 | 5,261 | ||||||
New
York State Dormitory Authority Rev., (State University of New York),
5.00%, 7/1/23, Prerefunded at 100% of Par(1) |
50,000 | 52,663 | ||||||
New York State Dormitory Authority Rev., (Trustees of Columbia University in the New York City), 5.00%, 10/1/38 | 10,000 | 11,922 | ||||||
New York State Thruway Authority Rev., 5.00%, 1/1/23 | 40,000 | 41,374 | ||||||
New York State Thruway Authority Rev., 5.00%, 1/1/26 | 40,000 | 42,701 | ||||||
New York State Thruway Authority Rev., 5.00%, 1/1/29 | 100,000 | 109,705 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/23 | 40,000 | 41,710 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/25 | 30,000 | 32,245 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/26 | 55,000 | 62,692 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/31 | 25,000 | 29,616 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/31 | 110,000 | 117,907 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/32 | 25,000 | 31,268 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/34 | 60,000 | 64,263 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/35 | 25,000 | 30,971 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/36 | 50,000 | 59,716 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/38 | 200,000 | 246,099 | ||||||
New York State Urban Development Corp. Rev., (State of New York Sales Tax Rev.), 5.00%, 3/15/36 | 15,000 | 18,237 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 7/15/29 | 10,000 | 12,063 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 10/15/31 | 5,000 | 5,597 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 7/15/33 | 15,000 | 18,628 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 7/15/35 | 40,000 | 49,401 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Port Authority of New York & New Jersey Rev., 4.00%, 7/15/37 | $ | 100,000 | $ | 112,894 | ||||
Sales
Tax Asset Receivable Corp. Rev., 5.00%, 10/15/24(1) |
50,000 | 54,870 | ||||||
Sales
Tax Asset Receivable Corp. Rev., 5.00%, 10/15/24, Prerefunded at 100% of
Par(1) |
10,000 | 10,974 | ||||||
Suffolk County Water Authority Rev., 3.00%, 6/1/32 | 10,000 | 10,393 | ||||||
Suffolk County Water Authority Rev., 3.25%, 6/1/43 | 15,000 | 15,725 | ||||||
Triborough Bridge & Tunnel Authority Rev., 5.00%, 11/15/25 | 20,000 | 22,597 | ||||||
Triborough Bridge & Tunnel Authority Rev., 5.00%, 11/15/37 | 25,000 | 29,168 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/25 | 35,000 | 37,373 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 6/15/27 | 40,000 | 44,647 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 6/15/28 | 25,000 | 28,634 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/30 | 55,000 | 58,638 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/31 | 50,000 | 53,298 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/36 | 50,000 | 56,308 | ||||||
3,809,474 | ||||||||
North Carolina — 0.9% | ||||||||
State of North Carolina GO, 5.00%, 6/1/29 | 60,000 | 74,162 | ||||||
State of North Carolina Rev., 5.00%, 3/1/30 | 10,000 | 12,102 | ||||||
State of North Carolina Rev., 5.00%, 3/1/33 | 115,000 | 138,256 | ||||||
Wake County GO, 5.00%, 3/1/24 | 35,000 | 37,673 | ||||||
262,193 | ||||||||
Ohio — 1.1% | ||||||||
American Municipal Power, Inc. Rev., 5.00%, 2/15/33 | 90,000 | 109,913 | ||||||
Cincinnati City School District GO, 5.25%, 12/1/29 (NATL) | 15,000 | 18,905 | ||||||
Cincinnati City School District GO, 5.25%, 12/1/30 (NATL) | 30,000 | 38,591 | ||||||
Cincinnati City School District GO, 5.25%, 12/1/31 (NATL) | 5,000 | 6,563 | ||||||
Rickenbacker Port Authority Rev., 5.375%, 1/1/32 | 45,000 | 55,373 | ||||||
State of Ohio GO, 5.00%, 8/1/24 | 30,000 | 32,702 | ||||||
State of Ohio Rev., 5.00%, 12/15/23 | 55,000 | 58,739 | ||||||
320,786 | ||||||||
Oklahoma — 1.7% | ||||||||
Grand River Dam Authority Rev., 5.00%, 6/1/25 | 250,000 | 279,071 | ||||||
Oklahoma Turnpike Authority Rev., 5.00%, 1/1/30 | 175,000 | 217,311 | ||||||
496,382 | ||||||||
Oregon — 1.3% | ||||||||
Multnomah County School District No. 1 Portland GO, 5.00%, 6/15/24 (SCH BD GTY) | 25,000 | 27,135 | ||||||
Oregon State Lottery Rev., 5.00%, 4/1/27 | 175,000 | 193,832 | ||||||
State of Oregon Department of Transportation Rev., 5.00%, 11/15/23 | 30,000 | 31,989 | ||||||
State
of Oregon Department of Transportation Rev., 5.00%, 11/15/24, Prerefunded
at 100% of Par(1) |
65,000 | 71,514 | ||||||
Washington
& Multnomah Counties School District No. 48J Beaverton GO, 5.00%,
6/15/24, Prerefunded at 100% of Par (SCH BD GTY)(1) |
35,000 | 38,009 | ||||||
362,479 | ||||||||
Pennsylvania — 2.8% | ||||||||
Delaware Valley Regional Finance Authority Rev., 5.50%, 8/1/28 (Ambac) | 25,000 | 30,482 | ||||||
Delaware Valley Regional Finance Authority Rev., 5.75%, 7/1/32 | 25,000 | 33,461 | ||||||
Montgomery County Higher Education and Health Authority Rev., (Thomas Jefferson University Obligated Group), 5.00%, 9/1/33 | 175,000 | 210,084 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Montgomery County Higher Education and Health Authority Rev., (Thomas Jefferson University Obligated Group), 4.00%, 9/1/34 | $ | 100,000 | $ | 111,058 | ||||
Pennsylvania
GO, 5.00%, 4/1/23, Prerefunded at 100% of Par(1) |
25,000 | 26,103 | ||||||
Pennsylvania GO, 4.00%, 7/1/23 | 25,000 | 25,992 | ||||||
Pennsylvania GO, 5.00%, 1/1/24 | 25,000 | 26,745 | ||||||
Pennsylvania GO, 5.00%, 1/1/28 | 5,000 | 5,790 | ||||||
Pennsylvania GO, 3.00%, 9/15/36 | 80,000 | 83,346 | ||||||
Pennsylvania GO, 3.00%, 5/1/38 | 25,000 | 25,484 | ||||||
Pennsylvania GO, 2.00%, 5/1/39 | 30,000 | 27,328 | ||||||
Pennsylvania State Public School Building Authority Rev., (School District of Philadelphia), 5.00%, 6/1/29 (AGM) | 30,000 | 36,167 | ||||||
Pennsylvania Turnpike Commission Rev., 5.00%, 12/1/23 | 30,000 | 31,969 | ||||||
Philadelphia GO, 4.00%, 8/1/35 | 20,000 | 21,395 | ||||||
Philadelphia Gas Works Co Rev., 5.00%, 8/1/50 (AGM) | 100,000 | 120,446 | ||||||
815,850 | ||||||||
Rhode Island — 0.1% | ||||||||
Rhode Island Commerce Corp. Rev., 5.00%, 6/15/23 | 25,000 | 26,268 | ||||||
South Carolina — 1.1% | ||||||||
Charleston
Educational Excellence Finance Corp. Rev., (Charleston County School
District), 5.00%, 12/1/23, Prerefunded at 100% of Par(1) |
30,000 | 32,002 | ||||||
South Carolina Public Service Authority Rev., 5.00%, 12/1/26 | 50,000 | 54,731 | ||||||
South Carolina Public Service Authority Rev., 5.00%, 12/1/30 | 70,000 | 79,762 | ||||||
South Carolina Public Service Authority Rev., 5.00%, 12/1/36 | 25,000 | 28,505 | ||||||
South Carolina Public Service Authority Rev., 3.00%, 12/1/41 | 50,000 | 50,413 | ||||||
South Carolina Public Service Authority Rev., 4.00%, 12/1/42 | 60,000 | 66,237 | ||||||
311,650 | ||||||||
Tennessee — 0.3% | ||||||||
Memphis GO, 5.00%, 5/1/23 | 25,000 | 26,189 | ||||||
Metropolitan Government of Nashville & Davidson County GO, 5.00%, 1/1/26 | 50,000 | 56,733 | ||||||
82,922 | ||||||||
Texas — 7.8% | ||||||||
Austin GO, 2.95%, 9/1/27 | 25,000 | 26,356 | ||||||
Board of Regents of the University of Texas System Rev., 5.375%, 8/15/23 | 50,000 | 53,172 | ||||||
Board of Regents of the University of Texas System Rev., 5.00%, 8/15/24 | 35,000 | 38,189 | ||||||
Board of Regents of the University of Texas System Rev., 5.00%, 8/15/24 | 30,000 | 32,734 | ||||||
Board of Regents of the University of Texas System Rev., 5.00%, 8/15/26 | 25,000 | 28,889 | ||||||
Central Texas Regional Mobility Authority Rev., 3.375%, 1/1/41 | 35,000 | 35,902 | ||||||
Central Texas Turnpike System Rev., 5.00%, 8/15/39 | 90,000 | 108,576 | ||||||
Cypress-Fairbanks Independent School District GO, 5.00%, 2/15/24 (PSF-GTD) | 80,000 | 85,896 | ||||||
Dallas GO, 5.00%, 2/15/23 | 60,000 | 62,374 | ||||||
Dallas GO, 5.00%, 2/15/27 | 30,000 | 32,145 | ||||||
Dallas Area Rapid Transit Rev., 5.00%, 12/1/29 | 35,000 | 43,335 | ||||||
Dallas Area Rapid Transit Rev., 5.00%, 12/1/33 | 240,000 | 296,872 | ||||||
Dallas Fort Worth International Airport Rev., 5.00%, 11/1/32 | 15,000 | 18,556 | ||||||
Dallas Fort Worth International Airport Rev., 5.00%, 11/1/33 | 65,000 | 80,332 | ||||||
Dallas Fort Worth International Airport Rev., 5.00%, 11/1/33 | 50,000 | 61,794 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Dallas Independent School District GO, 5.00%, 8/15/24 (PSF-GTD) | $ | 35,000 | $ | 38,171 | ||||
Dallas
Independent School District GO, 5.00%, 8/15/24, Prerefunded at 100% of Par
(PSF-GTD)(1) |
40,000 | 43,618 | ||||||
Dallas Waterworks & Sewer System Rev., 5.00%, 10/1/27 | 80,000 | 89,959 | ||||||
Houston GO, 5.00%, 3/1/24 | 75,000 | 80,744 | ||||||
Houston GO, 5.00%, 3/1/28 | 35,000 | 41,763 | ||||||
Houston Independent School District GO, 5.00%, 2/15/27 (PSF-GTD) | 55,000 | 62,549 | ||||||
Lower Colorado River Authority Rev., (LCRA Transmission Services Corp.), 4.00%, 5/15/39 | 20,000 | 20,114 | ||||||
North
Texas Tollway Authority Rev., (North Texas Tollway System), 5.00%,
1/1/23(1) |
15,000 | 15,518 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), 5.00%, 1/1/23 | 20,000 | 20,680 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), 5.00%, 1/1/28 | 10,000 | 11,275 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), 4.00%, 1/1/36 | 20,000 | 22,556 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), 4.00%, 1/1/38 | 30,000 | 33,385 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), 5.00%, 1/1/38 | 25,000 | 30,007 | ||||||
North
Texas Tollway Authority Rev., (North Texas Tollway System), Capital
Appreciation, 0.00%, 1/1/30 (AGC)(2) |
100,000 | 84,842 | ||||||
San Antonio Electric & Gas Systems Rev., 5.00%, 2/1/26 | 75,000 | 85,204 | ||||||
State
of Texas GO, 4.00%, 4/1/24, Prerefunded at 100% of Par(1) |
50,000 | 52,910 | ||||||
State
of Texas GO, 5.00%, 4/1/24, Prerefunded at 100% of Par(1) |
60,000 | 64,722 | ||||||
State of Texas GO, 5.00%, 10/1/28 | 40,000 | 45,234 | ||||||
State of Texas GO, 5.00%, 10/1/30 | 55,000 | 65,126 | ||||||
State of Texas GO, 5.00%, 10/1/33 | 100,000 | 118,176 | ||||||
Texas Transportation Commission State Highway Fund Rev., 5.00%, 4/1/24 | 5,000 | 5,390 | ||||||
Texas Water Development Board Rev., (State Water Implementation Rev. Fund for Texas), 5.00%, 10/15/29 | 45,000 | 50,792 | ||||||
Texas Water Development Board Rev., (State Water Implementation Rev. Fund for Texas), 5.00%, 10/15/40 | 75,000 | 84,117 | ||||||
Trinity River Authority Central Regional Wastewater System Rev., 5.00%, 8/1/28 | 25,000 | 29,533 | ||||||
University of Texas System Rev., 5.00%, 8/15/30 | 50,000 | 63,277 | ||||||
2,264,784 | ||||||||
Utah — 1.4% | ||||||||
State of Utah GO, 5.00%, 7/1/28 | 125,000 | 151,313 | ||||||
State of Utah GO, 5.00%, 7/1/29 | 40,000 | 48,854 | ||||||
Utah
Transit Authority Rev., 5.00%, 6/15/25, Prerefunded at 100% of
Par(1) |
30,000 | 33,529 | ||||||
Utah Transit Authority Rev., 5.00%, 6/15/25 | 110,000 | 123,081 | ||||||
Utah Transit Authority Rev., 5.25%, 6/15/32 (AGM) | 40,000 | 51,199 | ||||||
407,976 | ||||||||
Virginia — 2.8% | ||||||||
Hampton Roads Transportation Accountability Commission Rev., 5.00%, 7/1/22 | 25,000 | 25,368 | ||||||
Richmond Public Utility Rev., 5.00%, 1/15/28 | 25,000 | 28,407 | ||||||
Virginia College Building Authority Rev., 5.00%, 2/1/30 | 75,000 | 89,262 | ||||||
Virginia College Building Authority Rev., 5.00%, 2/1/31 | 70,000 | 81,492 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Virginia College Building Authority Rev., 4.00%, 2/1/33 | $ | 40,000 | $ | 42,483 | ||||
Virginia College Building Authority Rev., 3.00%, 2/1/35 | 80,000 | 83,626 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 5/15/24 | 50,000 | 54,057 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 3/15/25 | 25,000 | 27,718 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 9/15/26 | 50,000 | 57,741 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 9/15/27 | 60,000 | 71,009 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 5/15/32 | 10,000 | 11,856 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 5/15/33 | 50,000 | 59,217 | ||||||
Virginia Public Building Authority Rev., 5.00%, 8/1/27 | 100,000 | 118,246 | ||||||
Virginia Small Business Financing Authority Rev., (Hampton University), 4.00%, 10/1/38 | 60,000 | 63,219 | ||||||
813,701 | ||||||||
Washington — 3.4% | ||||||||
Central
Puget Sound Regional Transit Authority Rev., 5.00%, 11/1/25, Prerefunded
at 100% of Par(1) |
50,000 | 56,488 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/23 | 35,000 | 36,883 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/25 | 25,000 | 28,001 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/27 | 65,000 | 76,709 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/27 | 25,000 | 27,083 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/28 | 20,000 | 23,546 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/30 | 25,000 | 30,134 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/31 | 15,000 | 16,225 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/32 | 50,000 | 55,587 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/35 | 50,000 | 62,313 | ||||||
State of Washington GO, 4.00%, 7/1/26 | 50,000 | 52,999 | ||||||
State of Washington GO, 5.00%, 8/1/28 | 50,000 | 57,485 | ||||||
State of Washington GO, 5.00%, 8/1/31 | 25,000 | 29,362 | ||||||
State of Washington GO, 5.00%, 8/1/32 | 255,000 | 298,341 | ||||||
State of Washington GO, 5.00%, 2/1/40 | 40,000 | 48,769 | ||||||
State of Washington GO, 5.00%, 2/1/41 | 25,000 | 30,439 | ||||||
State of Washington Rev., 5.00%, 9/1/23 | 35,000 | 37,049 | ||||||
University of Washington Rev., 4.00%, 6/1/37 | 10,000 | 10,740 | ||||||
978,153 | ||||||||
TOTAL
MUNICIPAL SECURITIES
(Cost
$29,649,735) |
28,728,032 |
Avantis Core Municipal Fixed Income ETF | ||||||||
Shares | Value | |||||||
SHORT-TERM
INVESTMENTS — 0.7% |
|
| ||||||
Money Market Funds — 0.7% | ||||||||
State
Street Institutional U.S. Government Money Market Fund, Premier Class
|
192,445 | $ | 192,445 | |||||
TOTAL
SHORT-TERM INVESTMENTS
(Cost
$192,445) |
192,445 | |||||||
TOTAL
INVESTMENT SECURITIES — 99.6%
(Cost
$29,842,180) |
|
28,920,477 | ||||||
OTHER
ASSETS AND LIABILITIES — 0.4% |
|
114,110 | ||||||
TOTAL
NET ASSETS — 100.0% |
|
$ | 29,034,587 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
AGC | - | Assured Guaranty Corporation | ||||||
AGM | - | Assured Guaranty Municipal Corporation | ||||||
COP | - | Certificates of Participation | ||||||
GO | - | General Obligation | ||||||
NATL | - | National Public Finance Guarantee Corporation | ||||||
PSF-GTD | - | Permanent School Fund Guaranteed | ||||||
SCH BD GTY | - | School Bond Guaranty |
Avantis Short-Term Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
CORPORATE
BONDS — 64.4% |
|
| ||||||
Aerospace and Defense — 1.9% | ||||||||
Boeing Co. (The), 2.20%, 2/4/26 | $ | 370,000 | $ | 361,215 | ||||
General Dynamics Corp., 3.50%, 5/15/25 | 431,000 | 446,144 | ||||||
Lockheed Martin Corp., 3.55%, 1/15/26 | 395,000 | 416,312 | ||||||
1,223,671 | ||||||||
Air Freight and Logistics — 0.7% | ||||||||
United Parcel Service, Inc., 2.20%, 9/1/24 | 459,000 | 462,650 | ||||||
Automobiles — 1.3% | ||||||||
American Honda Finance Corp., MTN, 2.15%, 9/10/24 | 167,000 | 167,700 | ||||||
American Honda Finance Corp., MTN, 1.00%, 9/10/25 | 229,000 | 219,556 | ||||||
General Motors Financial Co., Inc., 4.25%, 5/15/23 | 95,000 | 97,781 | ||||||
Toyota Motor Corp., 2.36%, 7/2/24 | 332,000 | 334,620 | ||||||
819,657 | ||||||||
Banks — 12.0% | ||||||||
African Development Bank, 3.00%, 9/20/23 | 206,000 | 211,073 | ||||||
African Development Bank, MTN, 1.625%, 9/16/22 | 56,000 | 56,231 | ||||||
Asian Development Bank, 2.625%, 1/30/24 | 250,000 | 255,461 | ||||||
Asian Development Bank, MTN, 1.75%, 9/13/22 | 106,000 | 106,490 | ||||||
Asian Development Bank, MTN, 0.25%, 10/6/23 | 239,000 | 234,752 | ||||||
Asian Infrastructure Investment Bank (The), 0.25%, 9/29/23 | 234,000 | 229,943 | ||||||
Asian Infrastructure Investment Bank (The), 0.50%, 10/30/24 | 145,000 | 140,722 | ||||||
Bank of Montreal, MTN, 0.625%, 7/9/24 | 100,000 | 96,548 | ||||||
Bank of Montreal, MTN, 1.85%, 5/1/25 | 297,000 | 293,638 | ||||||
Bank of Nova Scotia (The), 1.30%, 6/11/25 | 194,000 | 187,356 | ||||||
Bank of Nova Scotia (The), 2.70%, 8/3/26 | 59,000 | 59,615 | ||||||
Barclays plc, 3.65%, 3/16/25 | 200,000 | 205,849 | ||||||
Canadian Imperial Bank of Commerce, 2.25%, 1/28/25 | 261,000 | 260,696 | ||||||
Citigroup, Inc., 3.30%, 4/27/25 | 88,000 | 90,153 | ||||||
Council Of Europe Development Bank, 0.25%, 6/10/23 | 24,000 | 23,687 | ||||||
Council Of Europe Development Bank, 1.375%, 2/27/25 | 114,000 | 112,980 | ||||||
European Bank for Reconstruction & Development, 0.50%, 5/19/25 | 250,000 | 239,943 | ||||||
European Bank for Reconstruction & Development, MTN, 0.25%, 7/10/23 | 40,000 | 39,424 | ||||||
European Investment Bank, 0.25%, 9/15/23 | 205,000 | 201,572 | ||||||
HSBC Holdings plc, 3.90%, 5/25/26 | 200,000 | 207,927 | ||||||
Huntington Bancshares, Inc., 4.00%, 5/15/25 | 269,000 | 281,430 | ||||||
Inter-American Development Bank, 2.50%, 1/18/23 | 120,000 | 121,556 | ||||||
Inter-American Development Bank, 3.00%, 10/4/23 | 106,000 | 108,696 | ||||||
Inter-American Development Bank, 0.25%, 11/15/23 | 82,000 | 80,397 | ||||||
International Bank for Reconstruction & Development, 1.50%, 8/28/24 | 350,000 | 349,170 | ||||||
International Bank for Reconstruction & Development, 0.875%, 7/15/26 | 40,000 | 38,554 | ||||||
International Finance Corp., MTN, 2.875%, 7/31/23 | 152,000 | 155,269 | ||||||
JPMorgan Chase & Co., 3.90%, 7/15/25 | 238,000 | 249,093 | ||||||
Kreditanstalt fuer Wiederaufbau, 2.125%, 6/15/22 | 25,000 | 25,112 | ||||||
Kreditanstalt fuer Wiederaufbau, 0.25%, 3/8/24 | 450,000 | 438,941 | ||||||
Oesterreichische Kontrollbank AG, MTN, 2.875%, 3/13/23 | 50,000 | 50,842 | ||||||
PNC Financial Services Group, Inc. (The), 3.50%, 1/23/24 | 425,000 | 437,730 |
Avantis Short-Term Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Royal Bank of Canada, MTN, 2.55%, 7/16/24 | $ | 406,000 | $ | 410,639 | ||||
Santander Holdings USA, Inc., 4.50%, 7/17/25 | 263,000 | 276,256 | ||||||
Toronto-Dominion Bank (The), MTN, 1.25%, 9/10/26 | 395,000 | 374,684 | ||||||
Truist Financial Corp., MTN, 3.75%, 12/6/23 | 313,000 | 322,845 | ||||||
US Bancorp, MTN, 3.95%, 11/17/25 | 437,000 | 464,863 | ||||||
Westpac Banking Corp., 2.85%, 5/13/26 | 400,000 | 410,699 | ||||||
7,850,836 | ||||||||
Beverages — 0.7% | ||||||||
Coca-Cola Co. (The), 1.75%, 9/6/24 | 286,000 | 286,580 | ||||||
Constellation Brands, Inc., 4.40%, 11/15/25 | 165,000 | 175,291 | ||||||
461,871 | ||||||||
Biotechnology — 0.4% | ||||||||
AbbVie, Inc., 2.90%, 11/6/22 | 63,000 | 63,646 | ||||||
AbbVie, Inc., 3.20%, 5/14/26 | 210,000 | 215,500 | ||||||
279,146 | ||||||||
Capital Markets — 5.2% | ||||||||
Ameriprise Financial, Inc., 3.00%, 4/2/25 | 327,000 | 333,172 | ||||||
Bank of New York Mellon Corp. (The), MTN, 2.20%, 8/16/23 | 311,000 | 313,372 | ||||||
Cboe Global Markets, Inc., 3.65%, 1/12/27 | 500,000 | 525,452 | ||||||
Charles Schwab Corp. (The), 3.75%, 4/1/24 | 100,000 | 103,661 | ||||||
Charles Schwab Corp. (The), 3.85%, 5/21/25 | 313,000 | 329,013 | ||||||
CME Group, Inc., 3.00%, 9/15/22 | 146,000 | 147,576 | ||||||
CME Group, Inc., 3.00%, 3/15/25 | 198,000 | 203,262 | ||||||
Deutsche Bank AG, 4.10%, 1/13/26 | 142,000 | 147,340 | ||||||
Janus Henderson US Holdings, Inc., 4.875%, 8/1/25 | 180,000 | 192,291 | ||||||
Lazard Group LLC, 3.75%, 2/13/25 | 167,000 | 173,407 | ||||||
S&P Global, Inc., 2.95%, 1/22/27 | 450,000 | 461,487 | ||||||
State Street Corp., 3.55%, 8/18/25 | 475,000 | 496,716 | ||||||
3,426,749 | ||||||||
Chemicals — 0.6% | ||||||||
Air Products and Chemicals, Inc., 3.35%, 7/31/24 | 227,000 | 233,449 | ||||||
Mosaic Co. (The), 4.25%, 11/15/23 | 140,000 | 144,814 | ||||||
378,263 | ||||||||
Consumer Finance — 1.5% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/26 | 200,000 | 193,073 | ||||||
Capital One Financial Corp., 4.25%, 4/30/25 | 338,000 | 355,777 | ||||||
Discover Financial Services, 4.50%, 1/30/26 | 237,000 | 252,374 | ||||||
Synchrony Financial, 4.50%, 7/23/25 | 188,000 | 197,458 | ||||||
998,682 | ||||||||
Containers
and Packaging†
|
||||||||
Packaging Corp. of America, 3.65%, 9/15/24 | 17,000 | 17,570 | ||||||
Diversified Consumer Services — 0.3% | ||||||||
Yale University, 0.87%, 4/15/25 | 200,000 | 193,795 | ||||||
Electric Utilities — 2.1% | ||||||||
Berkshire Hathaway Energy Co., 4.05%, 4/15/25 | 148,000 | 156,099 | ||||||
Cleco Corporate Holdings LLC, 3.74%, 5/1/26 | 242,000 | 251,769 | ||||||
Duke Energy Florida LLC, 3.20%, 1/15/27 | 250,000 | 259,537 | ||||||
Entergy Louisiana LLC, 2.40%, 10/1/26 | 300,000 | 297,720 | ||||||
Oklahoma Gas and Electric Co., 0.55%, 5/26/23 | 174,000 | 171,544 | ||||||
Sierra Pacific Power Co., 2.60%, 5/1/26 | 250,000 | 253,528 | ||||||
1,390,197 |
Avantis Short-Term Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Electronic Equipment, Instruments and Components — 1.2% | ||||||||
Avnet, Inc., 4.625%, 4/15/26 | $ | 285,000 | $ | 302,172 | ||||
Flex Ltd., 3.75%, 2/1/26 | 143,000 | 147,746 | ||||||
Jabil, Inc., 1.70%, 4/15/26 | 155,000 | 149,906 | ||||||
Keysight Technologies, Inc., 4.55%, 10/30/24 | 48,000 | 50,559 | ||||||
TD
SYNNEX Corp., 1.75%, 8/9/26(1) |
150,000 | 142,517 | ||||||
792,900 | ||||||||
Energy Equipment and Services — 0.7% | ||||||||
Schlumberger Finance Canada Ltd., 1.40%, 9/17/25 | 275,000 | 267,101 | ||||||
Schlumberger Investment SA, 3.65%, 12/1/23 | 163,000 | 167,522 | ||||||
434,623 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 5.3% | ||||||||
American Campus Communities Operating Partnership LP, 3.30%, 7/15/26 | 145,000 | 149,712 | ||||||
AvalonBay Communities, Inc., MTN, 2.95%, 5/11/26 | 225,000 | 230,843 | ||||||
CC Holdings GS V LLC / Crown Castle GS III Corp., 3.85%, 4/15/23 | 48,000 | 49,039 | ||||||
Corporate Office Properties LP, 2.25%, 3/15/26 | 68,000 | 66,918 | ||||||
Crown Castle International Corp., 4.45%, 2/15/26 | 250,000 | 264,491 | ||||||
ERP Operating LP, 3.375%, 6/1/25 | 463,000 | 480,034 | ||||||
Host Hotels & Resorts LP, 4.50%, 2/1/26 | 150,000 | 157,357 | ||||||
Kimco Realty Corp., 3.30%, 2/1/25 | 288,000 | 295,284 | ||||||
Omega Healthcare Investors, Inc., 4.95%, 4/1/24 | 300,000 | 313,596 | ||||||
Prologis LP, 3.25%, 10/1/26 | 450,000 | 468,224 | ||||||
Spirit Realty LP, 4.45%, 9/15/26 | 322,000 | 344,535 | ||||||
Vornado Realty LP, 2.15%, 6/1/26 | 353,000 | 342,897 | ||||||
WP Carey, Inc., 4.00%, 2/1/25 | 263,000 | 274,803 | ||||||
3,437,733 | ||||||||
Food and Staples Retailing — 0.7% | ||||||||
Costco Wholesale Corp., 2.75%, 5/18/24 | 181,000 | 184,841 | ||||||
Walmart, Inc., 3.30%, 4/22/24 | 65,000 | 67,147 | ||||||
Walmart, Inc., 3.05%, 7/8/26 | 200,000 | 208,508 | ||||||
460,496 | ||||||||
Food Products — 0.8% | ||||||||
Archer-Daniels-Midland Co., 2.50%, 8/11/26 | 150,000 | 152,094 | ||||||
Bunge Ltd. Finance Corp., 4.35%, 3/15/24 | 86,000 | 89,404 | ||||||
Bunge Ltd. Finance Corp., 1.63%, 8/17/25 | 159,000 | 154,437 | ||||||
Hershey Co. (The), 2.05%, 11/15/24 | 123,000 | 123,263 | ||||||
519,198 | ||||||||
Gas Utilities — 0.3% | ||||||||
Southern California Gas Co., 2.60%, 6/15/26 | 197,000 | 199,312 | ||||||
Health Care Providers and Services — 1.9% | ||||||||
Aetna, Inc., 3.50%, 11/15/24 | 90,000 | 92,618 | ||||||
Cardinal Health, Inc., 3.50%, 11/15/24 | 137,000 | 140,908 | ||||||
Cigna Corp., 3.05%, 11/30/22 | 38,000 | 38,488 | ||||||
CVS Health Corp., 2.875%, 6/1/26 | 70,000 | 70,885 | ||||||
HCA, Inc., 5.25%, 6/15/26 | 270,000 | 292,556 | ||||||
Humana, Inc., 4.50%, 4/1/25 | 243,000 | 258,070 | ||||||
Laboratory Corp. of America Holdings, 3.60%, 2/1/25 | 100,000 | 102,883 | ||||||
Quest Diagnostics, Inc., 3.45%, 6/1/26 | 227,000 | 235,293 | ||||||
1,231,701 |
Avantis Short-Term Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Hotels, Restaurants and Leisure — 0.6% | ||||||||
Hyatt Hotels Corp., 4.85%, 3/15/26 | $ | 65,000 | $ | 69,134 | ||||
Starbucks Corp., 3.80%, 8/15/25 | 293,000 | 307,065 | ||||||
376,199 | ||||||||
Household Durables — 0.1% | ||||||||
DR Horton, Inc., 4.75%, 2/15/23 | 70,000 | 71,472 | ||||||
Household Products — 0.7% | ||||||||
Colgate-Palmolive Co., MTN, 3.25%, 3/15/24 | 134,000 | 138,484 | ||||||
Procter & Gamble Co. (The), 2.45%, 11/3/26 | 300,000 | 305,363 | ||||||
443,847 | ||||||||
Industrial Conglomerates — 0.6% | ||||||||
3M Co., MTN, 2.25%, 9/19/26 | 400,000 | 399,542 | ||||||
Insurance — 2.6% | ||||||||
Aflac, Inc., 3.25%, 3/17/25 | 278,000 | 286,820 | ||||||
Chubb INA Holdings, Inc., 3.35%, 5/3/26 | 421,000 | 437,565 | ||||||
First American Financial Corp., 4.60%, 11/15/24 | 200,000 | 211,718 | ||||||
Loews Corp., 2.625%, 5/15/23 | 96,000 | 96,952 | ||||||
MetLife, Inc., 4.37%, 9/15/23 | 224,000 | 232,022 | ||||||
MetLife, Inc., 3.60%, 11/13/25 | 179,000 | 187,461 | ||||||
Principal Financial Group, Inc., 3.40%, 5/15/25 | 238,000 | 244,147 | ||||||
1,696,685 | ||||||||
Interactive Media and Services — 0.7% | ||||||||
Alphabet, Inc., 3.375%, 2/25/24 | 450,000 | 463,697 | ||||||
Internet and Direct Marketing Retail — 0.3% | ||||||||
Amazon.com, Inc., 2.80%, 8/22/24 | 218,000 | 223,082 | ||||||
IT Services — 1.0% | ||||||||
Mastercard, Inc., 2.95%, 11/21/26 | 250,000 | 259,318 | ||||||
Visa, Inc., 3.15%, 12/14/25 | 200,000 | 207,387 | ||||||
Western Union Co. (The), 2.85%, 1/10/25 | 171,000 | 173,274 | ||||||
639,979 | ||||||||
Machinery — 2.4% | ||||||||
Caterpillar Financial Services Corp., MTN, 3.30%, 6/9/24 | 140,000 | 144,994 | ||||||
Caterpillar Financial Services Corp., MTN, 1.45%, 5/15/25 | 323,000 | 316,286 | ||||||
Cummins, Inc., 3.65%, 10/1/23 | 106,000 | 108,670 | ||||||
Cummins, Inc., 0.75%, 9/1/25 | 250,000 | 237,958 | ||||||
Illinois Tool Works, Inc., 3.50%, 3/1/24 | 56,000 | 57,681 | ||||||
John Deere Capital Corp., MTN, 3.45%, 1/10/24 | 242,000 | 249,461 | ||||||
PACCAR Financial Corp., MTN, 2.15%, 8/15/24 | 351,000 | 352,684 | ||||||
PACCAR Financial Corp., MTN, 1.10%, 5/11/26 | 100,000 | 96,007 | ||||||
1,563,741 | ||||||||
Media — 0.9% | ||||||||
Comcast Cable Communications Holdings, Inc., 9.46%, 11/15/22 | 32,000 | 33,834 | ||||||
Comcast Corp., 3.375%, 8/15/25 | 256,000 | 264,084 | ||||||
Discovery Communications LLC, 4.90%, 3/11/26 | 245,000 | 261,182 | ||||||
559,100 | ||||||||
Metals and Mining — 0.5% | ||||||||
ArcelorMittal SA, 4.55%, 3/11/26 | 140,000 | 147,145 | ||||||
BHP Billiton Finance USA Ltd., 3.85%, 9/30/23 | 45,000 | 46,554 | ||||||
Kinross Gold Corp., 5.95%, 3/15/24 | 106,000 | 112,281 | ||||||
305,980 |
Avantis Short-Term Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Multi-Utilities — 0.2% | ||||||||
Dominion Energy, Inc., 2.75%, 9/15/22 | $ | 98,000 | $ | 98,484 | ||||
Multiline Retail — 0.5% | ||||||||
Dollar Tree, Inc., 4.00%, 5/15/25 | 218,000 | 227,334 | ||||||
Target Corp., 2.25%, 4/15/25 | 100,000 | 100,655 | ||||||
327,989 | ||||||||
Oil, Gas and Consumable Fuels — 5.6% | ||||||||
Canadian Natural Resources Ltd., 2.05%, 7/15/25 | 98,000 | 96,292 | ||||||
Chevron Corp., 2.90%, 3/3/24 | 66,000 | 67,400 | ||||||
Chevron Corp., 2.95%, 5/16/26 | 285,000 | 294,572 | ||||||
ConocoPhillips Co., 4.95%, 3/15/26 | 250,000 | 274,172 | ||||||
Enbridge, Inc., 2.50%, 1/15/25 | 296,000 | 296,597 | ||||||
Energy Transfer LP, 4.75%, 1/15/26 | 338,000 | 359,148 | ||||||
Enterprise Products Operating LLC, 3.35%, 3/15/23 | 146,000 | 147,887 | ||||||
Equinor ASA, 2.45%, 1/17/23 | 66,000 | 66,648 | ||||||
Equinor ASA, 3.70%, 3/1/24 | 316,000 | 327,062 | ||||||
Exxon Mobil Corp., 2.71%, 3/6/25 | 221,000 | 225,413 | ||||||
Exxon Mobil Corp., 2.99%, 3/19/25 | 265,000 | 272,215 | ||||||
Phillips 66 Partners LP, 2.45%, 12/15/24 | 148,000 | 148,295 | ||||||
Shell International Finance BV, 3.25%, 5/11/25 | 436,000 | 452,529 | ||||||
TotalEnergies Capital Canada Ltd., 2.75%, 7/15/23 | 131,000 | 133,134 | ||||||
TotalEnergies Capital International SA, 2.43%, 1/10/25 | 150,000 | 151,938 | ||||||
TransCanada PipeLines Ltd., 2.50%, 8/1/22 | 96,000 | 96,473 | ||||||
Valero Energy Corp., 2.85%, 4/15/25 | 37,000 | 37,288 | ||||||
Williams Cos., Inc. (The), 4.00%, 9/15/25 | 238,000 | 248,062 | ||||||
3,695,125 | ||||||||
Personal Products — 0.1% | ||||||||
Estee Lauder Cos., Inc. (The), 2.00%, 12/1/24 | 48,000 | 48,218 | ||||||
Pharmaceuticals — 3.2% | ||||||||
Astrazeneca Finance LLC, 1.20%, 5/28/26 | 274,000 | 262,733 | ||||||
Bristol-Myers Squibb Co., 3.55%, 8/15/22 | 96,000 | 97,094 | ||||||
Bristol-Myers Squibb Co., 2.90%, 7/26/24 | 231,000 | 236,538 | ||||||
GlaxoSmithKline Capital, Inc., 3.625%, 5/15/25 | 99,000 | 103,413 | ||||||
GlaxoSmithKline Capital, plc, 3.00%, 6/1/24 | 287,000 | 293,082 | ||||||
Novartis Capital Corp., 1.75%, 2/14/25 | 63,000 | 62,670 | ||||||
Novartis Capital Corp., 3.00%, 11/20/25 | 361,000 | 372,183 | ||||||
Royalty Pharma plc, 1.20%, 9/2/25 | 179,000 | 170,074 | ||||||
Utah Acquisition Sub, Inc., 3.95%, 6/15/26 | 275,000 | 284,159 | ||||||
Wyeth LLC, 6.45%, 2/1/24 | 172,000 | 186,934 | ||||||
2,068,880 | ||||||||
Road and Rail — 0.8% | ||||||||
Canadian National Railway Co., 2.75%, 3/1/26 | 250,000 | 255,024 | ||||||
Ryder System, Inc., MTN, 2.50%, 9/1/24 | 48,000 | 48,191 | ||||||
Ryder System, Inc., MTN, 3.35%, 9/1/25 | 224,000 | 229,548 | ||||||
532,763 | ||||||||
Semiconductors and Semiconductor Equipment — 1.7% | ||||||||
Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.875%, 1/15/27 | 175,000 | 182,344 | ||||||
Broadcom, Inc., 4.70%, 4/15/25 | 138,000 | 146,947 | ||||||
Marvell Technology, Inc., 1.65%, 4/15/26 | 230,000 | 221,602 | ||||||
Microchip Technology, Inc., 4.33%, 6/1/23 | 64,000 | 65,853 |
Avantis Short-Term Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
Micron Technology, Inc., 4.98%, 2/6/26 | $ | 295,000 | $ | 317,165 | ||||
NXP
BV / NXP Funding LLC, 4.875%, 3/1/24(1) |
106,000 | 111,195 | ||||||
QUALCOMM, Inc., 3.00%, 5/20/22 | 96,000 | 96,186 | ||||||
1,141,292 | ||||||||
Software — 1.6% | ||||||||
Citrix Systems, Inc., 1.25%, 3/1/26 | 234,000 | 230,853 | ||||||
Microsoft Corp., 2.875%, 2/6/24 | 362,000 | 370,879 | ||||||
Microsoft Corp., 3.125%, 11/3/25 | 225,000 | 234,416 | ||||||
Microsoft Corp., 2.40%, 8/8/26 | 200,000 | 203,223 | ||||||
Oracle Corp., 2.40%, 9/15/23 | 40,000 | 40,309 | ||||||
1,079,680 | ||||||||
Specialty Retail — 0.8% | ||||||||
Home Depot, Inc. (The), 3.75%, 2/15/24 | 238,000 | 246,631 | ||||||
Home Depot, Inc. (The), 3.00%, 4/1/26 | 100,000 | 103,689 | ||||||
Ross Stores, Inc., 4.60%, 4/15/25 | 188,000 | 200,696 | ||||||
551,016 | ||||||||
Technology Hardware, Storage and Peripherals — 1.6% | ||||||||
Apple, Inc., 3.00%, 2/9/24 | 97,000 | 99,394 | ||||||
Apple, Inc., 1.125%, 5/11/25 | 69,000 | 67,319 | ||||||
Apple, Inc., 3.20%, 5/13/25 | 225,000 | 233,278 | ||||||
Apple, Inc., 3.25%, 2/23/26 | 428,000 | 447,143 | ||||||
Dell International LLC / EMC Corp., 6.02%, 6/15/26 | 158,000 | 176,428 | ||||||
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 | 48,000 | 51,521 | ||||||
1,075,083 | ||||||||
Trading Companies and Distributors — 0.3% | ||||||||
Air Lease Corp., MTN, 2.875%, 1/15/26 | 220,000 | 219,271 | ||||||
TOTAL
CORPORATE BONDS
(Cost
$43,193,218) |
42,160,175 | |||||||
U.S.
TREASURY SECURITIES AND EQUIVALENTS — 30.0% | ||||||||
Israel Government AID Bond, 5.50%, 9/18/23 | 32,000 | 33,945 | ||||||
U.S. Treasury Notes, 1.875%, 9/30/22 | 509,100 | 512,396 | ||||||
U.S. Treasury Notes, 1.375%, 10/15/22 | 1,086,900 | 1,090,967 | ||||||
U.S. Treasury Notes, 1.625%, 11/15/22 | 1,446,000 | 1,453,790 | ||||||
U.S. Treasury Notes, 0.125%, 10/15/23 | 900,000 | 882,000 | ||||||
U.S. Treasury Notes, 2.75%, 11/15/23 | 776,000 | 793,733 | ||||||
U.S. Treasury Notes, 2.375%, 2/29/24 | 1,560,000 | 1,587,818 | ||||||
U.S. Treasury Notes, 2.00%, 5/31/24 | 1,194,700 | 1,207,300 | ||||||
U.S. Treasury Notes, 0.25%, 6/15/24 | 1,825,000 | 1,772,104 | ||||||
U.S. Treasury Notes, 0.375%, 7/15/24 | 1,375,000 | 1,337,563 | ||||||
U.S. Treasury Notes, 1.50%, 10/31/24 | 1,650,000 | 1,645,553 | ||||||
U.S. Treasury Notes, 1.50%, 11/30/24 | 2,220,000 | 2,213,323 | ||||||
U.S. Treasury Notes, 0.25%, 10/31/25 | 1,800,000 | 1,706,555 | ||||||
U.S. Treasury Notes, 0.375%, 11/30/25 | 1,295,200 | 1,232,059 | ||||||
U.S. Treasury Notes, 0.75%, 5/31/26 | 1,200,000 | 1,151,156 | ||||||
U.S. Treasury Notes, 1.125%, 10/31/26 | 1,050,000 | 1,020,387 | ||||||
TOTAL
U.S. TREASURY SECURITIES AND EQUIVALENTS
(Cost
$19,946,157) |
19,640,649 | |||||||
U.S.
GOVERNMENT AGENCY SECURITIES — 4.3% | ||||||||
Federal Farm Credit Banks Funding Corp., 0.125%, 5/10/23 | 150,000 | 148,111 | ||||||
Federal Farm Credit Banks Funding Corp., 1.125%, 1/6/25 | 500,000 | 492,703 | ||||||
FHLB, 0.125%, 6/2/23 | 100,000 | 98,654 | ||||||
FHLB, 1.50%, 8/15/24 | 420,000 | 419,504 |
Avantis Short-Term Fixed Income ETF | ||||||||
Principal Amount | Value | |||||||
FHLB, 2.75%, 12/13/24 | $ | 120,000 | $ | 123,594 | ||||
FHLB, 2.375%, 3/14/25 | 200,000 | 204,268 | ||||||
FHLMC, 0.125%, 10/16/23 | 104,000 | 101,936 | ||||||
FHLMC, 0.25%, 11/6/23 | 104,000 | 102,025 | ||||||
FHLMC, 0.25%, 12/4/23 | 100,000 | 97,970 | ||||||
FHLMC, 0.375%, 7/21/25 | 115,000 | 109,961 | ||||||
FNMA, 2.375%, 1/19/23 | 16,000 | 16,183 | ||||||
FNMA, 0.25%, 7/10/23 | 152,000 | 149,915 | ||||||
FNMA, 2.625%, 9/6/24 | 550,000 | 563,982 | ||||||
FNMA, 1.625%, 10/15/24 | 25,000 | 25,002 | ||||||
FNMA, 0.375%, 8/25/25 | 25,000 | 23,845 | ||||||
Tennessee Valley Authority, 0.75%, 5/15/25 | 125,000 | 121,193 | ||||||
TOTAL
U.S. GOVERNMENT AGENCY SECURITIES
(Cost
$2,838,566) |
2,798,846 | |||||||
SOVEREIGN
GOVERNMENTS AND AGENCIES — 0.2% | ||||||||
Canada — 0.2% | ||||||||
Export
Development Canada, 2.625%, 2/21/24
(Cost
$155,858) |
150,000 | 153,176 | ||||||
TOTAL
INVESTMENT SECURITIES — 98.9%
(Cost
$66,133,799) |
|
64,752,846 | ||||||
OTHER
ASSETS AND LIABILITIES — 1.1% |
|
729,831 | ||||||
TOTAL
NET ASSETS — 100.0% |
|
$ | 65,482,677 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
AID | - | Agency for International Development | ||||||
Equivalent | - | Security whose payments are secured by the U.S. Treasury | ||||||
FHLB | - | Federal Home Loan Bank | ||||||
FHLMC | - | Federal Home Loan Mortgage Corporation | ||||||
FNMA | - | Federal National Mortgage Association | ||||||
MTN | - | Medium Term Note |
Statements of Assets and Liabilities |
FEBRUARY 28, 2022 (UNAUDITED) | ||||||||
Avantis Core Fixed Income ETF | Avantis Core Municipal Fixed Income ETF | |||||||
Assets | ||||||||
Investment securities, at value (cost of $155,187,379 and $29,842,180, respectively) | $ | 150,911,296 | $ | 28,920,477 | ||||
Cash | 786,956 | — | ||||||
Receivable for investments sold | 11,519,526 | — | ||||||
Receivable for capital shares sold | 7,039,935 | — | ||||||
Receivable for variation margin on futures contracts | 117 | — | ||||||
Interest receivable | 892,881 | 298,785 | ||||||
171,150,711 | 29,219,262 | |||||||
Liabilities | ||||||||
Payable for investments purchased | 44,417,513 | 181,467 | ||||||
Payable for variation margin on swap agreements | 1,327 | — | ||||||
Accrued management fees | 13,121 | 3,208 | ||||||
44,431,961 | 184,675 | |||||||
Net Assets | $ | 126,718,750 | $ | 29,034,587 | ||||
Shares outstanding (unlimited number of shares authorized) | 2,700,000 | 600,000 | ||||||
Net Asset Value Per Share | $ | 46.93 | $ | 48.39 | ||||
Net Assets Consist of: | ||||||||
Capital paid in | $ | 131,855,820 | $ | 29,934,591 | ||||
Distributable earnings | (5,137,070) | (900,004) | ||||||
$ | 126,718,750 | $ | 29,034,587 |
FEBRUARY 28, 2022 (UNAUDITED) | |||||
Avantis Short-Term Fixed Income ETF | |||||
Assets | |||||
Investment securities, at value (cost of $66,133,799) | $ | 64,752,846 | |||
Cash | 348,167 | ||||
Interest receivable | 388,451 | ||||
65,489,464 | |||||
Liabilities | |||||
Accrued management fees | 6,787 | ||||
Net Assets | $ | 65,482,677 | |||
Shares outstanding (unlimited number of shares authorized) | 1,350,000 | ||||
Net Asset Value Per Share | $ | 48.51 | |||
Net Assets Consist of: | |||||
Capital paid in | $ | 66,892,213 | |||
Distributable earnings | (1,409,536) | ||||
$ | 65,482,677 |
Statements of Operations |
FOR THE SIX MONTHS ENDED FEBRUARY 28, 2022 (UNAUDITED) | ||||||||
Avantis Core Fixed Income ETF | Avantis Core Municipal Fixed Income ETF | |||||||
Investment Income (Loss) | ||||||||
Income: | ||||||||
Interest | $ | 709,517 | $ | 138,245 | ||||
Expenses: | ||||||||
Management fees | 69,020 | 20,443 | ||||||
Net investment income (loss) | 640,497 | 117,802 | ||||||
Realized and Unrealized Gain (Loss) | ||||||||
Net realized gain (loss) on: | ||||||||
Investment transactions (Note 4) | (919,214) |
61 | ||||||
Futures contract transactions | (31,454) | — | ||||||
Swap agreement transactions | 2,336 | — | ||||||
(948,332) | 61 | |||||||
Change in net unrealized appreciation (depreciation) on: | ||||||||
Investments | (4,665,894) | (1,025,419) | ||||||
Futures contracts | (875) | — | ||||||
Swap agreements | (15,000) | — | ||||||
(4,681,769) | (1,025,419) | |||||||
Net realized and unrealized gain (loss) | (5,630,101) | (1,025,358) | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | (4,989,604) | $ | (907,556) |
FOR THE SIX MONTHS ENDED FEBRUARY 28, 2022 (UNAUDITED) | |||||
Avantis Short-Term Fixed Income ETF | |||||
Investment Income (Loss) | |||||
Income: | |||||
Interest | $ | 206,998 | |||
Expenses: | |||||
Management fees | 34,058 | ||||
Net investment income (loss) | 172,940 | ||||
Realized and Unrealized Gain (Loss) | |||||
Net realized gain (loss) on: | |||||
Investment transactions (Note 4) | (78,514) | ||||
Futures contract transactions | (98) | ||||
(78,612) | |||||
Change in net unrealized appreciation (depreciation) on investments | (1,391,498) | ||||
Net realized and unrealized gain (loss) | (1,470,110) | ||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | (1,297,170) |
Statements of Changes in Net Assets |
SIX MONTHS ENDED FEBRUARY 28, 2022 (UNAUDITED) AND PERIOD ENDED AUGUST 31, 2021 | ||||||||||||||
Avantis
Core Fixed Income ETF |
Avantis Core Municipal Fixed Income ETF | |||||||||||||
Increase (Decrease) in Net Assets | February 28, 2022 |
August
31, 2021(1) |
February 28, 2022 |
August
31, 2021(2) | ||||||||||
Operations | ||||||||||||||
Net
investment income (loss) |
$ | 640,497 | $ | 378,942 | $ | 117,802 | $ | 125,182 | ||||||
Net
realized gain (loss) |
(948,332) | (47,233) | 61 | (5,086) | ||||||||||
Change
in net unrealized appreciation (depreciation) |
(4,681,769) | 394,850 | (1,025,419) | 103,716 | ||||||||||
Net
increase (decrease) in net assets resulting from
operations |
(4,989,604) | 726,559 | (907,556) | 223,812 | ||||||||||
Distributions to Shareholders | ||||||||||||||
From earnings | (564,175) | (309,850) | (109,395) | (106,865) | ||||||||||
Capital Share Transactions | ||||||||||||||
Proceeds from shares sold | 62,737,370 | 69,116,150 | 2,414,684 | 27,507,410 | ||||||||||
Other capital | 1,293 | 1,007 | 9 | 12,488 | ||||||||||
Net increase (decrease) in net assets from capital share transactions | 62,738,663 | 69,117,157 | 2,414,693 | 27,519,898 | ||||||||||
Net increase (decrease) in net assets | 57,184,884 | 69,533,866 | 1,397,742 | 27,636,845 | ||||||||||
Net Assets | ||||||||||||||
Beginning of period | 69,533,866 | — | 27,636,845 | — | ||||||||||
End of period | $ | 126,718,750 | $ | 69,533,866 | $ | 29,034,587 | $ | 27,636,845 | ||||||
Transactions in Shares of the Funds | ||||||||||||||
Sold | 1,300,000 | 1,400,000 | 50,000 | 550,000 |
SIX MONTHS ENDED FEBRUARY 28, 2022 (UNAUDITED) AND PERIOD ENDED AUGUST 31, 2021 | ||||||||
Avantis Short-Term Fixed Income ETF | ||||||||
Increase (Decrease) in Net Assets | February 28, 2022 |
August
31, 2021(1) | ||||||
Operations | ||||||||
Net
investment income (loss) |
$ | 172,940 | $ | 80,480 | ||||
Net
realized gain (loss) |
(78,612) | 5,514 | ||||||
Change
in net unrealized appreciation (depreciation) |
(1,391,498) | 10,545 | ||||||
Net
increase (decrease) in net assets resulting from
operations |
(1,297,170) | 96,539 | ||||||
Distributions to Shareholders | ||||||||
From earnings | (135,685) | (73,220) | ||||||
Capital Share Transactions | ||||||||
Proceeds from shares sold | 34,413,124 | 32,473,925 | ||||||
Other capital | 3,475 | 1,689 | ||||||
Net increase (decrease) in net assets from capital share transactions | 34,416,599 | 32,475,614 | ||||||
Net increase (decrease) in net assets | 32,983,744 | 32,498,933 | ||||||
Net Assets | ||||||||
Beginning of period | 32,498,933 | — | ||||||
End of period | $ | 65,482,677 | $ | 32,498,933 | ||||
Transactions in Shares of the Funds | ||||||||
Sold | 700,000 | 650,000 |
Notes to Financial Statements |
Annual Management Fee | |||||
Avantis Core Fixed Income ETF | 0.15% | ||||
Avantis Core Municipal Fixed Income ETF | 0.15% | ||||
Avantis Short-Term Fixed Income ETF | 0.15% |
Avantis Core Fixed Income ETF | Avantis Core Municipal Fixed Income ETF | Avantis Short-Term Fixed Income ETF | |||||||||
Purchases
of U.S. Treasury and Government Agency obligations |
$153,242,600 | — | $4,122,724 | ||||||||
Purchases
of other investment securities |
2,193,804 | $831,647 | 14,010,204 | ||||||||
Total
Purchases |
$155,436,404 | $831,647 | $18,132,928 | ||||||||
Sales
of U.S. Treasury and Government Agency obligations |
$141,123,861 | — | $5,286,072 | ||||||||
Sales
of other investment securities |
1,985,753 | $314,886 | 6,696,095 | ||||||||
Total
Sales |
$143,109,614 | $314,886 | $11,982,167 |
In
kind Subscriptions |
In
kind Redemptions |
In
kind Net Realized Gain/(Loss)* | |||||||||
Avantis
Core Fixed Income ETF |
$56,355,176 | — | — | ||||||||
Avantis
Core Municipal Fixed Income ETF |
$2,390,783 | — | — | ||||||||
Avantis Short-Term Fixed Income ETF | $28,267,224 | — | — |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Corporate Bonds | — | $ | 78,215,795 | — | |||||||
U.S. Treasury Securities | — | 31,486,169 | — | ||||||||
U.S. Government Agency Mortgage-Backed Securities | — | 24,904,171 | — | ||||||||
U.S. Government Agency Securities | — | 3,495,786 | — | ||||||||
Sovereign Governments and Agencies | — | 102,118 | — | ||||||||
Short-Term Investments | — | 12,707,257 | — | ||||||||
— | $ | 150,911,296 | — | ||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 117 | — | — | |||||||
Swap Agreements | — | $ | 42,220 | — | |||||||
$ | 117 | $ | 42,220 | — |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Municipal Securities | — | $ | 28,728,032 | — | |||||||
Short-Term Investments | $ | 192,445 | — | — | |||||||
$ | 192,445 | $ | 28,728,032 | — |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Corporate Bonds | — | $ | 42,160,175 | — | |||||||
U.S. Treasury Securities and Equivalents | — | 19,640,649 | — | ||||||||
U.S. Government Agency Securities | — | 2,798,846 | — | ||||||||
Sovereign Governments and Agencies | — | 153,176 | — | ||||||||
— | $ | 64,752,846 | — |
Avantis Core Fixed Income ETF | $1,750,000 |
Futures Contracts Purchased | |||||
Avantis Core Fixed Income ETF | $634,385 | ||||
Avantis Short-Term Fixed Income ETF | $122,904 |
|
Asset
Derivatives |
Liability
Derivatives | ||||||||||||
Fund
/ Type of Risk Exposure |
Location
on Statement of Assets and Liabilities |
Value |
Location
on Statement of Assets and Liabilities |
Value | ||||||||||
Avantis Core Fixed Income ETF | ||||||||||||||
Credit
Risk |
Receivable for variation margin on swap agreements* | — |
Payable
for variation margin on swap agreements* |
$ | 1,327 | |||||||||
Interest
Rate Risk |
Receivable
for variation margin on futures contracts* |
$ | 117 |
Payable
for variation margin on futures contracts* |
— | |||||||||
|
|
$ | 117 |
|
$ | 1,327 | ||||||||
|
Net Realized Gain (Loss) | Change
in Net Unrealized Appreciation (Depreciation) | ||||||||||||
Fund
/ Type of Risk Exposure |
Location
on Statement of Operations |
Value |
Location on Statement of Operations |
Value | ||||||||||
Avantis Core Fixed Income ETF | ||||||||||||||
Credit
Risk |
Net realized gain (loss) on swap agreement transactions | $ | 2,336 | Change in net unrealized appreciation (depreciation) on swap agreements | $ | (15,000) | ||||||||
Interest
Rate Risk |
Net realized gain (loss) on futures contract transactions | (31,454) | Change in net unrealized appreciation (depreciation) on futures contracts | (875) | ||||||||||
|
|
$ | (29,118) |
|
$ | (15,875) | ||||||||
Avantis Short-Term Fixed Income ETF | ||||||||||||||
Interest
Rate Risk |
Net realized gain (loss) on futures contract transactions | $ | (98) | Change in net unrealized appreciation (depreciation) on futures contracts | — |
Avantis
Core Fixed Income ETF |
Avantis
Core Municipal Fixed Income ETF |
Avantis
Short-Term Fixed Income ETF | |||||||||
Federal tax cost of investments | $ | 155,385,820 | $ | 29,842,180 | $ | 66,133,799 | |||||
Gross tax appreciation of investments | $ | 62,423 | $ | 7,590 | $ | 3,572 | |||||
Gross tax depreciation of investments | (4,536,947) | (929,293) | (1,384,525) | ||||||||
Net tax appreciation (depreciation) of investments | $ | (4,474,524) | $ | (921,703) | $ | (1,380,953) |
|
Short-term capital losses | Long-term capital losses | ||||||
Avantis Core Fixed Income ETF | $(45,039) | $(871) | ||||||
Avantis Core Municipal Fixed Income ETF | $(5,086) | — | ||||||
Avantis Short-Term Fixed Income ETF | $(1,519) | — |
Financial Highlights |
For a Share Outstanding Throughout the Periods Indicated | ||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | |||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||
Net
Asset Value, Beginning of Period |
Net
Investment
Income
(Loss)(1) |
Net Realized and Unrealized Gain (Loss) |
Total
From Investment Operations |
Distributions From Net Investment Income |
Other
Capital(1) |
Net
Asset Value, End of Period |
Total
Return(2) |
Operating Expenses |
Net Investment Income (Loss) |
Portfolio
Turnover
Rate(3) |
Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||
Avantis Core Fixed Income ETF | ||||||||||||||||||||||||||||||||||||||
2022(4) |
$49.67 | 0.33 | (2.76) | (2.43) | (0.31) |
0.00(5) |
$46.93 | (4.90)% |
0.15%(6) |
1.39%(6) |
137% | $126,719 | ||||||||||||||||||||||||||
2021(7) |
$50.00 | 0.51 | (0.43) | 0.08 | (0.41) |
0.00(5) |
$49.67 | 0.15% |
0.15%(6) |
1.17%(6) |
185% | $69,534 |
Notes to Financial Highlights |
For a Share Outstanding Throughout the Periods Indicated | ||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | |||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||
Net
Asset Value, Beginning of Period |
Net
Investment
Income
(Loss)(1) |
Net Realized and Unrealized Gain (Loss) |
Total
From Investment Operations |
Distributions From Net Investment Income |
Other
Capital(1) |
Net
Asset Value, End of Period |
Total
Return(2) |
Operating Expenses |
Net Investment Income (Loss) |
Portfolio
Turnover
Rate(3) |
Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||
Avantis
Core Municipal Fixed Income ETF | ||||||||||||||||||||||||||||||||||||||
2022(4) |
$50.25 | 0.21 | (1.87) | (1.66) | (0.20) |
0.00(5) |
$48.39 | (3.31)% |
0.15%(6) |
0.86%(6) |
1% | $29,035 | ||||||||||||||||||||||||||
2021(7) |
$50.00 | 0.26 | 0.17 | 0.43 | (0.21) | 0.03 | $50.25 | 0.93% |
0.15%(6) |
0.70%(6) |
14% | $27,637 |
Notes to Financial Highlights |
For a Share Outstanding Throughout the Periods Indicated | ||||||||||||||||||||||||||||||||||||||
Per-Share Data | Ratios and Supplemental Data | |||||||||||||||||||||||||||||||||||||
Income From Investment Operations: | Ratio to Average Net Assets of: | |||||||||||||||||||||||||||||||||||||
Net
Asset Value, Beginning of Period |
Net
Investment
Income
(Loss)(1) |
Net Realized and Unrealized Gain (Loss) |
Total
From Investment Operations |
Distributions From Net Investment Income |
Other
Capital(1) |
Net
Asset Value, End of Period |
Total
Return(2) |
Operating Expenses |
Net Investment Income (Loss) |
Portfolio
Turnover
Rate(3) |
Net Assets, End of Period (in thousands) | |||||||||||||||||||||||||||
Avantis
Short-Term Fixed Income ETF | ||||||||||||||||||||||||||||||||||||||
2022(4) |
$50.00 | 0.19 | (1.53) | (1.34) | (0.15) |
0.00(5) |
$48.51 | (2.69)% |
0.15%(6) |
0.76%(6) |
26% | $65,483 | ||||||||||||||||||||||||||
2021(7) |
$50.00 | 0.18 | (0.02) | 0.16 | (0.16) |
0.00(5) |
$50.00 | 0.33% |
0.15%(6) |
0.40%(6) |
49% | $32,499 |
Notes to Financial Highlights |
Additional Information |
Notes |
Contact Us | avantisinvestors.com | |||||||
American Century Sales Representatives, Financial Professionals, Broker Dealers, Insurance Companies, Banks and Trust Companies | 1-833-928-2684 | |||||||
Telecommunications Relay Service for the Deaf | 711 | |||||||
American Century ETF Trust | ||||||||
Investment
Advisor:
American
Century Investment Management, Inc.
Kansas
City, Missouri |
||||||||
Distributor:
Foreside
Fund Services, LLC - Distributor, not affiliated with American Century
Investment Services, Inc. |
||||||||
This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. | ||||||||
©2022
American Century Proprietary Holdings, Inc. All rights
reserved. CL-SAN-96957 2204 |