AVEM

Avantis Emerging Markets Equity ETF

AVEM is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation.


Emerging Market

EQUITY

Active

MANAGEMENT STYLE

7.0 B

ASSETS UNDER MGMT

33 bp

EXPENSES
Fund Basics
Fund sponsorAmerican Century
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateSep 17, 2019
Assets (mns)$7,039
Expense ratio33 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TAIWAN SEMICONDUCTOR-SP ADR 5.9 %
TENCENT HOLDINGS LTD 2.4 %
SAMSUNG ELECTR-GDR 144A 2.3 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 1.5 %
HYNIX SEMICONDUCTOR INC 1.1 %
CHINA CONSTRUCTION BANK-H 1.0 %
HON HAI PRECISION INDUSTRY 1.0 %
PINDUODUO, INC. SPONSORED ADR CLASS A 0.9 %
INFOSYS TECHNOLOGIES-SP ADR 0.8 %
RELIANCE INDS-SPONS GDR 144A 0.7 %
Constituent Breakdown
Number of holdings3439
Herfindahl-Hirschman Index 65
Wgt avg mkt cap (mns)$94,298
Large cap (>$10bn)57.5%
Mid cap ($2-10bn)29.1%
Small cap (<$2bn)12.3%
Developed mkts.7.5%
Emerging mkts.92.5%
Country Exposure
TAIWAN 19.8 %
CHINA 19.0 %
INDIA 18.5 %
SOUTH KOREA 12.3 %
BRAZIL 4.4 %
HONG KONG 3.4 %
SOUTH AFRICA 2.8 %
MEXICO 2.0 %
INDONESIA 1.7 %
MALAYSIA 1.5 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.1% 11.6% 9.7% 1.3% 5.6% -- 6.3%
Volatility 15.7% 15.7% 16.0% 17.9% 20.9% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7148%
MSCI EAFE0.8670%
MSCI Emg Mkts1.04100%
Liquidity Measures
Avg. volume (000)450
Turnover0.4%
Avg. Bid/Ask (% of price)0.09%
ADV of underlying (mns)$34,579
Technical Indicators
Recent close$61.72
30d moving avg.$64.14
Annualized volatility18.0%
Relative strength (RSI)49
Short interest (ETF)0.6%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: AVEM 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 --%
0.8 9.6 1.2 3.2% --
Based on closing prices from 12/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
AVEM



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 Rating

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

AVEM

8.7%

Cat. Avg

7.6%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.6% and a standard deviation of 4.0%. AVEM's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places AVEM in the 61st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

AVEM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Emerging Market Equity ETFs
# of ETFs 22
Avg. Expense Ratio 60.3 bp
Std. Deviation 21.7 bp
AVEM (33 bp) Percentile rank 10
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
AVEM 33.0 9.2 42.2
Peer Avg. 40.9 23.7 64.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .