1. What this ETF is trying to do

The AVANTIS MODERATE ALLOCATION ETF (ticker: AVMA) is an exchange-traded fund. While the specific details of its investment strategy are not provided in the data, its name suggests it uses a "moderate allocation" approach.

2. What the numbers show

The current price for one share of AVMA is $72.41. The estimated price from roughly one year ago was approximately $65.15.

When looking at how an ETF performs, it is important to understand two different measurements:

• Price Return: This only tracks how much the share price itself has gone up or down.

• Total Return: This includes both the change in share price and any cash distributions paid out to investors.

For AVMA, both numbers have been positive:

• Year-to-date (YTD): The price return is about 9.21%, while the total return is approximately 10.79%.

• One Year: The price return was about 11.15%, and the total return was approximately 14.04%.

• Three Years: The price return was about 45.54%, and the total return was approximately 56.34%.

If you had $10,000 invested based on the estimated price from roughly one year ago, your share value would have grown to approximately $11,115 based on the one-year price return.

3. Income and distribution explanation

This ETF pays out cash to investors through distributions. The distribution yield is 2.45%, which describes the cash paid out relative to the ETF's price. Over the last 12 months, there were 4 distributions, which usually happen every three months (quarterly). The trailing distributions were $1.77 per share.

It is important to remember that a distribution yield is not the same as total return. Total return provides a more complete picture of how much an investment has grown overall.

4. NAV erosion explanation

"NAV erosion" refers to a decline in the value of the underlying assets held by the ETF. For AVMA, the erosion-risk score is 100, and the data shows "No price erosion detected." There is no severe erosion-risk flag for this fund.

5. Pros

• The ETF has shown positive price returns and total returns over the last year and three years.

• It provides regular cash distributions to investors.

6. Cons

• The provided data does not include a list of top holdings, so it is not possible to see which specific companies the ETF owns.

7. Beginner takeaway

When studying an ETF, don't just look at the share price. Always check the total return to see how much value was added through both price changes and cash distributions.