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Trending ETFs

Avantis Emerging Markets Equity Fund

mutual fund
AVEEX
Payout Change
Pending
Price as of:
$11.75 +0.02 +0.17%
primary theme
Emerging Markets Equity
share class
Instl (AVEEX) G (AVENX)
AVEEX (Mutual Fund)

Avantis Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$11.75 +0.02 +0.17%
primary theme
Emerging Markets Equity
share class
Instl (AVEEX) G (AVENX)
AVEEX (Mutual Fund)

Avantis Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$11.75 +0.02 +0.17%
primary theme
Emerging Markets Equity
share class
Instl (AVEEX) G (AVENX)

Name

As of 12/24/2024

Price

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

Avantis Emerging Markets Equity Fund

AVEEX | Fund

$11.75

$505 M

2.91%

$0.34

0.34%

Vitals

YTD Return

9.3%

1 yr return

11.3%

3 Yr Avg Return

1.3%

5 Yr Avg Return

4.7%

Net Assets

$505 M

Holdings in Top 10

15.8%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

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

Avantis Emerging Markets Equity Fund

AVEEX | Fund

$11.75

$505 M

2.91%

$0.34

0.34%

AVEEX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.29%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Avantis Emerging Markets Equity Fund
  • Fund Family Name
    American Century Investments
  • Inception Date
    Dec 04, 2019
  • Shares Outstanding
    17108482
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Ong

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 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.
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AVEEX - Performance

Return Ranking - Trailing

Period AVEEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -14.1% 34.9% 32.71%
1 Yr 11.3% -12.7% 33.6% 33.86%
3 Yr 1.3%* -11.2% 10.6% 14.92%
5 Yr 4.7%* -6.5% 10.6% 17.78%
10 Yr N/A* -1.6% 8.6% N/A

* Annualized

Return Ranking - Calendar

Period AVEEX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -6.5% 35.5% 26.82%
2022 -20.9% -50.1% -2.4% 23.27%
2021 3.2% -33.1% 22.5% 15.91%
2020 13.9% -22.1% 80.1% 61.66%
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period AVEEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -14.1% 34.9% 32.71%
1 Yr 11.3% -12.7% 33.6% 33.86%
3 Yr 1.3%* -11.2% 10.6% 14.92%
5 Yr 4.7%* -6.5% 10.6% 17.78%
10 Yr N/A* -1.6% 8.6% N/A

* Annualized

Total Return Ranking - Calendar

Period AVEEX Return Category Return Low Category Return High Rank in Category (%)
2023 15.1% -1.0% 42.0% 24.39%
2022 -18.1% -42.2% 1.9% 20.91%
2021 5.2% -32.5% 33.1% 19.97%
2020 15.7% -20.0% 81.6% 62.97%
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History

AVEEX - Holdings

Concentration Analysis

AVEEX Category Low Category High AVEEX % Rank
Net Assets 505 M 682 K 111 B 48.58%
Number of Holdings 3187 9 7534 2.14%
Net Assets in Top 10 76 M 290 K 23.8 B 62.96%
Weighting of Top 10 15.78% 2.9% 101.1% 95.72%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 3.71%
  2. Tencent Holdings Ltd 3.06%
  3. Samsung Electronics Co Ltd 1.77%
  4. Hon Hai Precision Industry Co Ltd 1.24%
  5. Alibaba Group Holding Ltd 1.16%
  6. China Construction Bank Corp 1.14%
  7. State Street Navigator Securities Lending Government Money Market Portfolio 1.05%
  8. SK Hynix Inc 0.94%
  9. MediaTek Inc 0.90%
  10. Infosys Ltd 0.81%

Asset Allocation

Weighting Return Low Return High AVEEX % Rank
Stocks 		100.30% 0.00% 105.03% 5.84%
Cash 		1.65% -2.03% 98.08% 52.56%
Other 		0.00% -1.11% 39.53% 25.36%
Preferred Stocks 		0.00% 0.00% 13.31% 60.54%
Convertible Bonds 		0.00% 0.00% 7.40% 5.02%
Bonds 		0.00% 0.00% 95.13% 14.81%

Stock Sector Breakdown

Weighting Return Low Return High AVEEX % Rank
Financial Services 		19.09% 0.00% 48.86% 66.96%
Technology 		18.79% 0.00% 47.50% 77.20%
Consumer Cyclical 		12.26% 0.00% 48.94% 44.73%
Basic Materials 		11.57% 0.00% 30.03% 17.32%
Industrials 		9.53% 0.00% 43.53% 16.31%
Communication Services 		7.97% 0.00% 39.29% 59.16%
Consumer Defense 		5.40% 0.00% 25.90% 67.10%
Energy 		4.58% 0.00% 24.80% 46.75%
Healthcare 		4.21% 0.00% 16.53% 41.27%
Utilities 		3.51% 0.00% 39.12% 14.72%
Real Estate 		3.09% 0.00% 17.15% 17.32%

Stock Geographic Breakdown

Weighting Return Low Return High AVEEX % Rank
Non US 		83.02% 0.00% 100.52% 59.69%
US 		17.29% 0.00% 100.95% 22.79%

AVEEX - Expenses

Operational Fees

AVEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.03% 29.98% 94.29%
Management Fee 0.33% 0.00% 2.00% 6.28%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

AVEEX 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

AVEEX 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.

AVEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 189.00% 3.69%

AVEEX - Distributions

Dividend Yield Analysis

AVEEX Category Low Category High AVEEX % Rank
Dividend Yield 2.91% 0.00% 9.74% 15.53%

Dividend Distribution Analysis

AVEEX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

AVEEX Category Low Category High AVEEX % Rank
Net Income Ratio 2.29% -1.98% 17.62% 11.54%

Capital Gain Distribution Analysis

AVEEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Quarterly

Distributions History

View More +

AVEEX - Fund Manager Analysis

Managers

Daniel Ong

Start Date

Tenure

Tenure Rank

Dec 04, 2019

2.49

2.5%

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

Ted Randall

Start Date

Tenure

Tenure Rank

Dec 04, 2019

2.49

2.5%

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.

Mitchell Firestein

Start Date

Tenure

Tenure Rank

Dec 04, 2019

2.49

2.5%

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

Dec 04, 2019

2.49

2.5%

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,

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.68 13.42

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