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
14.4 B
ASSETS UNDER MGMT
33 bp
EXPENSES
Fund Basics
| Fund sponsor | American Century |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 17, 2019 |
| Assets (mns) | $14,369 |
| Expense ratio | 33 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
| TAIWAN SEMICONDUCTOR-SP ADR | 7.9 % |
| TENCENT HOLDINGS LTD | 4.0 % |
| CANVEST ENVIRONMENTAL PROTECTION GROUP C | 3.6 % |
| SAMSUNG ELECTR-GDR 144A | 2.2 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 2.2 % |
| CHINA CONSTRUCTION BANK-H | 1.5 % |
| HYNIX SEMICONDUCTOR INC | 1.4 % |
| MEDIATEK INC | 1.3 % |
| HON HAI PRECISION INDUSTRY | 1.1 % |
| NETEASE.COM INC-ADR | 1.0 % |
Constituent Breakdown
| Number of holdings | 3852 |
| Herfindahl-Hirschman Index | 124 |
| Wgt avg mkt cap (mns) | $231,762 |
| Large cap (>$10bn) | 69.9% |
| Mid cap ($2-10bn) | 27.3% |
| Small cap (<$2bn) | 10.0% |
| Developed mkts. | 9.1% |
| Emerging mkts. | 100.5% |
Country Exposure
 |
CHINA | 27.2 % |
 |
TAIWAN | 24.0 % |
 |
INDIA | 16.3 % |
 |
SOUTH KOREA | 13.9 % |
 |
HONG KONG | 8.0 % |
 |
BRAZIL | 5.3 % |
 |
SOUTH AFRICA | 3.5 % |
 |
MEXICO | 2.5 % |
 |
INDONESIA | 1.5 % |
 |
MALAYSIA | 1.4 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 30.6% | 25.8% | 18.0% | 13.4% | 5.8% | -- | -- | 7.3% |
| Dividend Yield | 0.0% | 0.0% | 1.8% | 2.2% | 2.2% | -- | -- | 2.0% |
| Total Returns | 30.6% | 25.8% | 19.8% | 15.6% | 8.0% | -- | -- | 9.3% | Ann. Volatility | 18.3% | 18.1% | 17.0% | 16.3% | 17.7% | -- | -- | 20.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 56% |
| MSCI EAFE | 0.87 | 64% |
| MSCI Emg Mkts | 0.99 | 94% |
Liquidity Measures
| Avg. volume (000) | 1,133 |
| ADV traded (mns) | $87 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $76.37 |
| Relative strength (RSI) | 54 |
| MACD/Signal | -0.10/0.02 |
| Bollinger Bands (Upper/Lower) | $78.79/$74.75 |
| Short interest (% of AUM) | 1.9% |
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. AVEM |
Expenses vs. AVEM |
ALTAR Score™ vs. AVEM |
|---|---|---|---|---|
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 67.9% | 0 bp | +7.8% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 59.3% | 0 bp | +8.1% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 50.9% | +16 bp | +9.3% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 50.0% | +2 bp | +8.5% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 49.9% | +5 bp | +8.5% |
| AVES | Avantis Emerging Markets Value ETF | 48.6% | +3 bp | +10.7% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 46.6% | +33 bp | +8.8% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 46.4% | +16 bp | +9.3% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 46.4% | -18 bp | +7.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 46.3% | -22 bp | +9.2% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 12/1/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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
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.
ALTAR Score™
AVEM
8.1%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 131 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.6%. AVEM's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places AVEM in the 55th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVEMSELL
U/W
HOLD
O/W
BUY