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Avantis International Large Cap Value ETF
Active ETF
AVIV
Payout Change
Pending
Price as of:
$53.08
-0.11
-0.2%
primary theme
N/A
AVIV (ETF)
Avantis International Large Cap Value ETF
Payout Change
Pending
Price as of:
$53.08
-0.11
-0.2%
primary theme
N/A
AVIV (ETF)
Avantis International Large Cap Value ETF
Payout Change
Pending
Price as of:
$53.08
-0.11
-0.2%
primary theme
N/A
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.3%
1 yr return
12.1%
3 Yr Avg Return
4.7%
5 Yr Avg Return
N/A
Net Assets
$330 M
Holdings in Top 10
17.2%
52 WEEK LOW AND HIGH
$53.2
$49.42
$56.43
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AVIV - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 4.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAvantis International Large Cap Value ETF
-
Fund Family NameAmerican Century Investments
-
Inception DateSep 28, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Ong
Fund Description
The fund invests primarily in a diverse group of non-U.S. companies across countries, market sectors and industry groups.
The fund seeks to achieve higher expected returns by selecting securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund's large cap investment universe. To identify the desired market capitalization companies with higher profitability and value characteristics, the portfolio managers use reported and/or estimated company financials and market data including, but not limited to, shares outstanding, book value and its components, cash flows from operations, and accruals. The portfolio managers define “value characteristics” mainly as adjusted book/price ratio (though other price to fundamental ratios may be considered). The portfolio managers define “profitability” mainly as adjusted cash from operations to book value ratio (though other ratios may be considered). The portfolio managers may also consider other factors when selecting a security, including industry classification, the past performance of the security relative to other securities, its liquidity, its float, and tax, governance or cost considerations, among others. When portfolio managers identify securities with the desired capitalization, profitability, value, and past performance characteristics, they seek to include these securities in the broadly diversified portfolio. To determine the weight of a security within the portfolio, the portfolio managers use the market capitalization of the security relative to that of other eligible securities as a baseline, then overweight or underweight the security based on the characteristics described above. The portfolio managers may dispose of a security if it no longer has the desired market capitalization, profitability, or value characteristics. When determining whether to dispose of a security, the portfolio managers will also consider, among other things, relative past performance, costs, and taxes. The portfolio managers review the criteria for inclusion in the portfolio on a regular basis to maintain a focus on the desired broad set of non-U.S. companies.
Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of large capitalization companies. For purposes of this 80% test, the fund defines large capitalization companies as those with market capitalizations at least as large as the smallest company in the MSCI World ex-USA Value Index. Though market capitalization may change from time to time, as of September 30, 2023, the market capitalization of the smallest company in the MSCI World ex-USA Value Index was approximately $2.63 billion. The fund may invest in securities that are denominated in foreign currencies and may also invest in foreign securities that are represented in the U.S. and other securities markets by American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other similar depositary arrangements.
Additionally, under normal market conditions, the fund will invest at least 40% (unless the portfolio managers deem market conditions unfavorable, in which case the fund would invest at least 30%) of its assets in securities of issuers located outside the United States. The fund will allocate its assets among at least three different countries outside 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. When buying or selling a security, the portfolio managers may consider the trade-off between expected returns of the security and implementation or tax costs of the trade in an attempt to gain trading efficiencies, avoid unnecessary risk, and enhance fund performance.
AVIV - Performance
Return Ranking - Trailing
| Period | AVIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -28.5% | 424400.0% | 91.33% |
| 1 Yr | 12.1% | -19.1% | 220.8% | N/A |
| 3 Yr | 4.7%* | -6.9% | 18.5% | N/A |
| 5 Yr | N/A* | -12.7% | 6.8% | N/A |
| 10 Yr | N/A* | -5.8% | 9.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | AVIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.1% | -99.0% | 166.1% | N/A |
| 2022 | -10.9% | -91.9% | 28.2% | N/A |
| 2021 | N/A | -7.3% | 20.1% | N/A |
| 2020 | N/A | -100.0% | 7.1% | N/A |
| 2019 | N/A | -8.1% | 16.8% | N/A |
Total Return Ranking - Trailing
| Period | AVIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -28.5% | 15.6% | 98.84% |
| 1 Yr | 12.1% | -19.1% | 220.8% | N/A |
| 3 Yr | 4.7%* | -6.9% | 20.8% | N/A |
| 5 Yr | N/A* | -12.7% | 9.8% | N/A |
| 10 Yr | N/A* | -5.8% | 12.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AVIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.5% | -27.8% | 166.1% | N/A |
| 2022 | -8.3% | -42.2% | 211.0% | N/A |
| 2021 | N/A | -7.3% | 20.1% | N/A |
| 2020 | N/A | -16.3% | 7.1% | N/A |
| 2019 | N/A | -8.1% | 433899.9% | N/A |
AVIV - Holdings
Concentration Analysis
| AVIV | Category Low | Category High | AVIV % Rank | |
|---|---|---|---|---|
| Net Assets | 330 M | 2.21 M | 44.7 B | 89.43% |
| Number of Holdings | 480 | 2 | 3900 | 9.94% |
| Net Assets in Top 10 | 71.6 M | 530 K | 13.7 B | 90.06% |
| Weighting of Top 10 | 17.19% | 7.3% | 99.9% | 83.43% |
Top 10 Holdings
- Roche Holding AG 2.60%
- Novartis AG 2.51%
- Shell PLC 2.25%
- 3i Group PLC 1.56%
- HSBC Holdings PLC 1.55%
- Toyota Motor Corp 1.48%
- TotalEnergies SE 1.40%
- BHP Group Ltd 1.37%
- BP PLC 1.23%
- LVMH Moet Hennessy Louis Vuitton SE 1.23%
Asset Allocation
| Weighting | Return Low | Return High | AVIV % Rank | |
|---|---|---|---|---|
| Stocks | 99.54% | 75.03% | 100.46% | 17.33% |
| Cash | 0.66% | -31.92% | 11.89% | 79.83% |
| Preferred Stocks | 0.00% | 0.00% | 1.34% | 5.68% |
| Other | 0.00% | -2.35% | 6.11% | 53.98% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 34.38% |
| Bonds | 0.00% | 0.00% | 31.71% | 36.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AVIV % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 27.46% | 82.23% |
| Technology | 0.00% | 0.00% | 24.16% | 69.91% |
| Real Estate | 0.00% | 0.00% | 19.64% | 62.75% |
| Industrials | 0.00% | 1.03% | 36.79% | 43.84% |
| Healthcare | 0.00% | 0.00% | 23.28% | 90.83% |
| Financial Services | 0.00% | 0.00% | 42.76% | 34.10% |
| Energy | 0.00% | 0.00% | 26.59% | 5.16% |
| Communication Services | 0.00% | 0.00% | 23.78% | 28.37% |
| Consumer Defense | 0.00% | 0.00% | 31.84% | 93.41% |
| Consumer Cyclical | 0.00% | 0.00% | 27.46% | 58.74% |
| Basic Materials | 0.00% | 0.00% | 30.76% | 3.15% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AVIV % Rank | |
|---|---|---|---|---|
| Non US | 76.89% | 71.47% | 100.46% | 13.92% |
| US | 22.65% | 0.00% | 15.02% | 77.56% |
AVIV - Expenses
Operational Fees
| AVIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.01% | 2.61% | 95.99% |
| Management Fee | 0.25% | 0.00% | 1.25% | 5.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.47% | N/A |
Sales Fees
| AVIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| AVIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| AVIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 158.16% | N/A |
AVIV - Distributions
Dividend Yield Analysis
| AVIV | Category Low | Category High | AVIV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.30% | 0.00% | 8.10% | 33.33% |
Dividend Distribution Analysis
| AVIV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| AVIV | Category Low | Category High | AVIV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | 0.18% | 7.85% | N/A |
Capital Gain Distribution Analysis
| AVIV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 24, 2024 | $1.144 | OrdinaryDividend |
| Dec 18, 2023 | $0.801 | OrdinaryDividend |
| Jun 20, 2023 | $1.071 | OrdinaryDividend |
| Dec 15, 2022 | $0.400 | OrdinaryDividend |
| Jun 21, 2022 | $0.879 | OrdinaryDividend |
| Dec 16, 2021 | $0.290 | OrdinaryDividend |
AVIV - Fund Manager Analysis
Managers
Daniel Ong
Start Date
Tenure
Tenure Rank
Sep 29, 2021
0.67
0.7%
Daniel is a senior portfolio manager at Avantis Investors®. Before coming to Avantis, he was a senior portfolio manager and vice president at DFA for 14 years. His responsibilities included managing international developed and emerging markets equity strategies, leading the EM equity desk, and engaging with clients. Prior to that, he was an account manager at Metropolitan West Asset Mgt. and a structure analyst at PIMCO. Daniel holds the CFA designation. He earned a bachelor's degree in economics from the Univ. of Cal and master's in finance & accounting from the Univ of Chicago Booth School
Mitchell Firestein
Start Date
Tenure
Tenure Rank
Sep 29, 2021
0.67
0.7%
Mitchell is a senior portfolio manager at Avantis Investors®. Prior to Avantis Investors, he served as vice president and senior portfolio manager at Dimensional Fund Advisors. In his role, he led a team of investment professionals managing emerging market portfolios and was responsible for strategy and portfolio oversight, implementation, and performance analysis. In addition, he regularly met with clients, including institutional investors, consultants, and financial advisors. Mitchell earned a Bachelor of Science in Management from the Tulane University A.B. Freeman School of Business.
Eduardo Repetto
Start Date
Tenure
Tenure Rank
Sep 29, 2021
0.67
0.7%
As Chief Investment Officer of Avantis Investors®, Eduardo is responsible for directing the research, design and implementation of investment strategies, providing oversight of the investment team, and interacting with clients. Prior to Avantis Investors' establishment in 2019, Eduardo was Co-Chief Executive Officer, Co-Chief Investment Officer and Director at Dimensional Fund Advisors LP ("DFA") until 2017. Dr. Repetto earned a Ph.D. degree in Aeronautics from the California Institute of Technology, an MSc degree in Engineering from Brown University,
Ted Randall
Start Date
Tenure
Tenure Rank
Sep 29, 2021
0.67
0.7%
Ted is a senior portfolio manager at Avantis Investors®. Prior to Avantis Investors' establishment in 2019, Ted served as vice president and portfolio manager for domestic and international equity strategies at Dimensional Fund Advisors (DFA). In this role, Ted served as portfolio manager and portfolio advocate for 11 U.S. and non-U.S. developed, emerging market and blended asset allocation mutual funds and separately managed accounts. Ted earned a MBA from the University of California Los Angeles Anderson School of Management and a BS in business administration from USC.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.2 | 29.68 | 7.61 | 0.54 |
