Avantis Moderate Allocation ETF (AVMA)

Avantis Moderate Allocation ETF (AVMA) is an exchange-traded fund in the Moderate Allocation category. It has $88.24M in assets, an expense ratio of 0.21% and a 1.99% dividend yield. The fund is a “fund of funds,” meaning that it seeks to achieve its objective by investing in other Avantis ETFs (collectively, the underlying funds). The underlying funds represent a broadly diversified basket of equity and fixed income securities that seek to select or overweight securities that are expected to have higher returns or better risk characteristics than a passive, market-cap weighted index. The managers will allocate to the underlying funds across geographies and investment style…