AVDV
Avantis International Small Cap Value ETF
AVDV is an actively managed portfolio of developed market, non-US, small cap value companies. The fund seeks long-term capital appreciation.
International
EQUITY
Active
MANAGEMENT STYLE
36 bp
EXPENSES
$6.1 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | American Century |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 24, 2019 |
| Assets (mns) | $6,106 |
| Expense ratio | 36 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MARKS & SPENCER GROUP PLC | 1.1 % |
| FUJIKURA LTD | 1.1 % |
| SWISSQUOTE GROUP HOLDING-REG | 1.0 % |
| IVECO GROUP NV | 0.8 % |
| SAIPEM S.P.A. | 0.8 % |
| PACIFIC BASIN SHIPPING LTD | 0.7 % |
| HOWDEN JOINERY GROUP PLC | 0.7 % |
| VALLOUREC SA | 0.6 % |
| BANKINTER SA | 0.6 % |
| MAN GROUP PLC | 0.6 % |
Constituent Breakdown
| Number of holdings | 1366 |
| Herfindahl-Hirschman Index | 26 |
| Wgt avg mkt cap (mns) | $2,064 |
| Large cap (>$10bn) | 0.5% |
| Mid cap ($2-10bn) | 45.6% |
| Small cap (<$2bn) | 54.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
JAPAN | 28.0 % |
 |
BRITAIN | 12.1 % |
 |
AUSTRALIA | 8.5 % |
 |
CANADA | 7.6 % |
 |
SWEDEN | 4.2 % |
 |
SWITZERLAND | 4.0 % |
 |
ITALY | 3.4 % |
 |
GERMANY | 3.3 % |
 |
FRANCE | 2.5 % |
 |
ISRAEL | 2.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.1% | 10.3% | 11.5% | 1.6% | -- | -- | 7.7% | Volatility | 12.8% | 14.0% | 17.7% | 17.4% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 68% |
| MSCI EAFE | 1.03 | 96% |
| MSCI Emg Mkts | 0.81 | 62% |
Liquidity Measures
| Avg. volume (000) | 337 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $4,534 |
Technical Indicators
| Recent close | $65.95 |
| 30d moving avg. | $66.20 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AVDV |
Expenses vs. AVDV |
ALTAR Score™ vs. AVDV |
|---|---|---|---|---|
| DISV | Dimensional International Small Cap Value ETF | 34.9% | +6 bp | +1.1% |
| DFIS | Dimensional International Small Cap ETF | 25.1% | +3 bp | -1.3% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 24.6% | +3 bp | -0.7% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 23.6% | +13 bp | -1.3% |
| DLS | WisdomTree International SmallCap Dividend Fund | 23.3% | +22 bp | +0.8% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 22.3% | +4 bp | -1.5% |
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | 22.2% | +44 bp | +1.7% |
| GWX | SPDR S&P International Small Cap ETF | 21.5% | +4 bp | -1.5% |
| ISCF | iShares International SmallCap Equity Factor ETF | 20.9% | -13 bp | +1.1% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 20.0% | +6 bp | -1.8% |
Risk and Returns: AVDV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
AVDV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
AVDV
7.7%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.7% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. AVDV's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places AVDV in the 58th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
AVDV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| AVDV (36 bp) Percentile rank | 20 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AVDV | 36.0 | 10.2 | 46.2 |
| Peer Avg. | 43.6 | 23.0 | 66.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .