AVSC – Avantis US Small Cap Equity ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of small capitalization companies located in the United States. The fund may also engage in securities lending and invest its collateral in eligible securities, such as a government money market fund. The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. The portfolio managers continually analyze market and financial data to make buy, sell, and hold decisions.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
AVSC	Avantis US Small Cap Equity ETF	ETF	Open			Jan 11, 2022	$3.04B	0.250%	—	—	$670.14M

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