AVMA vs. BYLD ETF Comparison

Comparison of Avantis Moderate Allocation ETF (AVMA) to iShares Yield Optimized Bond ETF (BYLD)

AVMA

Avantis Moderate Allocation ETF

AVMA Description

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 styles to achieve the desired allocation.

Grade (RS Rating)

Last Trade

$60.12

Average Daily Volume

5,054

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.41

Average Daily Volume

67,863

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	AVMA	BYLD
30 Days	0.55%	-0.46%
60 Days	2.79%	-0.99%
90 Days	5.32%	0.65%
12 Months	22.85%	10.49%

0 Overlapping Holdings

	Symbol	Grade	Weight in AVMA	Weight in BYLD	Overlap

AVMA Overweight 13 Positions Relative to BYLD

	Symbol	Grade	Weight
	AVUS	A	29.63%
	AVIG	D	21.13%
	AVSF	D	10.63%
	AVLV	A	10.22%
	AVDE	D	6.94%
	AVEM	D	4.3%
	AVIV	D	3.56%
	AVSC	B	2.56%
	AVUV	B	2.55%
	AVES	D	2.31%
	AVRE	D	1.95%
	AVDV	D	0.81%
	AVDS	D	0.54%

AVMA Underweight 6 Positions Relative to BYLD

	Symbol	Grade	Weight
	IGLB	D	-25.25%
	SGOV	B	-24.01%
	USHY	A	-20.08%
	FLOT	A	-10.1%
	EMHY	A	-10.06%
	CMBS	D	-9.93%

AVMA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Stock Fund Currency Exchange Traded Funds Financial Instrument SPDR Swaps Synthetic Replication Wagering Financial Market American Depositary Receipt Banking Bloomberg Barclays Us Aggregate Bond Index Bond Collateralized Debt Obligation Credit Rating Agency Frontier Markets Global Depository Receipt Investment Trust Money Market Fund

BYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Swaps Bond Market Corporate Bond Index Fund Cash And Cash Equivalents Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Futures Markets High Yield Debt Money Market Fund Morningstar Mlp Composite Index Tr Mortgage Mortgage Backed Security Public–Private Investment Program For Legacy Assets Salomon Big Structured Finance