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Avantis Emerging Markets Equity ETF
Active ETF
AVEM
Payout Change
Pending
Price as of:
$62.59
+0.1
+0.16%
primary theme
Emerging Markets Equity
AVEM (ETF)
Avantis Emerging Markets Equity ETF
Payout Change
Pending
Price as of:
$62.59
+0.1
+0.16%
primary theme
Emerging Markets Equity
AVEM (ETF)
Avantis Emerging Markets Equity ETF
Payout Change
Pending
Price as of:
$62.59
+0.1
+0.16%
primary theme
Emerging Markets Equity
Name
As of 11/01/2024Price
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
12.0%
1 yr return
23.1%
3 Yr Avg Return
1.9%
5 Yr Avg Return
6.3%
Net Assets
$4.91 B
Holdings in Top 10
17.9%
52 WEEK LOW AND HIGH
$62.5
$52.73
$66.14
Expenses
OPERATING FEES
Expense Ratio 0.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 8.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
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
AVEM - Profile
Distributions
- YTD Total Return 12.0%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.34%
- Dividend Yield 1.8%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameAvantis Emerging Markets Equity ETF
-
Fund Family NameAmerican Century Investments
-
Inception DateSep 17, 2019
-
Shares Outstanding22550000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEduardo Repetto
Fund Description
The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations.
The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies with higher profitability and value characteristics. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of larger companies with lower levels of profitability and less attractive value characteristics. To identify small 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 and emphasize 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 deemphasize or dispose of a security if it no longer has the desired market capitalization, profitability, or value characteristics. When determining whether to deemphasize or 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 emerging markets companies.
Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries. The fund considers an emerging market country to be any country other than a developed country. However, the fund generally intends to focus its investments in a subset of the emerging markets countries that comprise the MSCI Emerging Markets IMI Index. The countries comprising the index will change from time to time, but as of September 30, 2023 include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru,
Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. To determine whether a company is related to an emerging market country, the portfolio managers will consider various factors, including where the company is headquartered, where the company’s principal operations are located, where a majority of the company’s revenues are derived, where the principal trading market is located, the country in which the company was legally organized, and whether the company is in the fund’s benchmark—the MSCI Emerging Markets IMI. The weight given to each of these factors will vary depending on the circumstances in a given case. 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.
The fund also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements. For example, the fund may use futures on securities and U.S. indices to gain exposure to equities to manage cash flows. The fund may also engage in securities lending and invest its collateral in eligible securities.
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.
AVEM - Performance
Return Ranking - Trailing
| Period | AVEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.0% | -12.2% | 30.7% | 27.04% |
| 1 Yr | 23.1% | -0.8% | 48.0% | 46.76% |
| 3 Yr | 1.9%* | -14.1% | 11.4% | 12.87% |
| 5 Yr | 6.3%* | -4.8% | 11.5% | 17.93% |
| 10 Yr | N/A* | -2.1% | 6.6% | 62.77% |
* Annualized
Return Ranking - Calendar
| Period | AVEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.8% | -6.5% | 35.5% | 25.67% |
| 2022 | -20.3% | -50.1% | -2.4% | 19.68% |
| 2021 | 2.5% | -33.1% | 22.5% | 17.61% |
| 2020 | 12.4% | -22.1% | 80.1% | 67.84% |
| 2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
| Period | AVEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.0% | -12.2% | 30.7% | 27.04% |
| 1 Yr | 23.1% | -0.8% | 48.0% | 46.76% |
| 3 Yr | 1.9%* | -14.1% | 11.4% | 12.87% |
| 5 Yr | 6.3%* | -4.8% | 11.5% | 17.93% |
| 10 Yr | N/A* | -2.1% | 6.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AVEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.3% | -2.7% | 42.0% | 23.42% |
| 2022 | -18.1% | -42.2% | 1.9% | 20.69% |
| 2021 | 5.2% | -32.5% | 33.1% | 20.52% |
| 2020 | 14.4% | -20.0% | 81.6% | 68.80% |
| 2019 | N/A | 2.3% | 42.0% | N/A |
AVEM - Holdings
Concentration Analysis
| AVEM | Category Low | Category High | AVEM % Rank | |
|---|---|---|---|---|
| Net Assets | 4.91 B | 682 K | 103 B | 14.01% |
| Number of Holdings | 3445 | 9 | 7534 | 1.68% |
| Net Assets in Top 10 | 1.12 B | 290 K | 23.8 B | 18.63% |
| Weighting of Top 10 | 17.87% | 2.9% | 101.1% | 94.11% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 5.73%
- Tencent Holdings Ltd 2.51%
- Samsung Electronics Co Ltd 2.42%
- Alibaba Group Holding Ltd 1.46%
- MediaTek Inc 1.14%
- China Construction Bank Corp 1.06%
- SK Hynix Inc 0.97%
- Hon Hai Precision Industry Co Ltd 0.92%
- Reliance Industries Ltd 0.89%
- Infosys Ltd 0.77%
Asset Allocation
| Weighting | Return Low | Return High | AVEM % Rank | |
|---|---|---|---|---|
| Stocks | 100.84% | 0.00% | 107.82% | 1.96% |
| Cash | 0.42% | -2.03% | 98.08% | 86.83% |
| Other | 0.00% | -1.11% | 26.93% | 30.67% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 77.31% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 45.28% |
| Bonds | 0.00% | 0.00% | 88.10% | 49.86% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AVEM % Rank | |
|---|---|---|---|---|
| Technology | 18.83% | 0.00% | 47.50% | 76.45% |
| Financial Services | 18.83% | 0.00% | 48.86% | 68.09% |
| Consumer Cyclical | 12.46% | 0.00% | 48.94% | 42.84% |
| Basic Materials | 12.30% | 0.00% | 30.03% | 10.92% |
| Industrials | 10.20% | 0.00% | 43.53% | 14.75% |
| Communication Services | 7.50% | 0.00% | 39.29% | 68.51% |
| Consumer Defense | 5.57% | 0.00% | 25.90% | 64.96% |
| Energy | 4.56% | 0.00% | 24.80% | 47.38% |
| Healthcare | 3.77% | 0.00% | 16.53% | 54.47% |
| Utilities | 3.32% | 0.00% | 39.12% | 16.88% |
| Real Estate | 2.67% | 0.00% | 17.15% | 22.98% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AVEM % Rank | |
|---|---|---|---|---|
| Non US | 77.93% | 0.00% | 100.18% | 75.91% |
| US | 22.91% | 0.00% | 100.95% | 15.13% |
AVEM - Expenses
Operational Fees
| AVEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.33% | 0.03% | 29.98% | 94.66% |
| Management Fee | 0.33% | 0.00% | 2.00% | 6.45% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| AVEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| AVEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| AVEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 8.00% | 0.00% | 189.00% | 3.27% |
AVEM - Distributions
Dividend Yield Analysis
| AVEM | Category Low | Category High | AVEM % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.82% | 0.00% | 9.74% | 22.41% |
Dividend Distribution Analysis
| AVEM | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Monthly | Annual |
Net Income Ratio Analysis
| AVEM | Category Low | Category High | AVEM % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.34% | -1.98% | 17.62% | 10.90% |
Capital Gain Distribution Analysis
| AVEM | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 24, 2024 | $0.569 | OrdinaryDividend |
| Dec 18, 2023 | $1.141 | OrdinaryDividend |
| Jun 20, 2023 | $0.582 | OrdinaryDividend |
| Dec 15, 2022 | $0.875 | OrdinaryDividend |
| Jun 21, 2022 | $0.523 | OrdinaryDividend |
| Dec 16, 2021 | $1.205 | OrdinaryDividend |
| Jun 22, 2021 | $0.445 | OrdinaryDividend |
| Dec 17, 2020 | $0.641 | OrdinaryDividend |
| Jun 23, 2020 | $0.349 | OrdinaryDividend |
| Dec 23, 2019 | $0.190 | OrdinaryDividend |
AVEM - Fund Manager Analysis
Managers
Eduardo Repetto
Start Date
Tenure
Tenure Rank
Sep 17, 2019
2.7
2.7%
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,
Daniel Ong
Start Date
Tenure
Tenure Rank
Sep 17, 2019
2.7
2.7%
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 17, 2019
2.7
2.7%
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.
Ted Randall
Start Date
Tenure
Tenure Rank
Sep 17, 2019
2.7
2.7%
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 |
|---|---|---|---|
| 0.09 | 33.71 | 6.66 | 13.42 |
