AVES
Avantis Emerging Markets Value ETF
AVES is an actively managed fund of emerging market equities with lower prices relative to their book values.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 1.4 B
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Inception date | Sep 28, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ADVANCED SEMICONDUCTOR E-ADR | 1.3 % |
| HANA FINANCIAL GROUP | 1.1 % |
| HYUNDAI MOTOR CO | 1.1 % |
| VALE SA-SP ADR | 1.1 % |
| CHINATRUST FINANCIAL HOLDING | 0.9 % |
| SHINHAN FINANCIAL GROUP-ADR | 0.8 % |
| KB FINANCIAL GROUP INC-ADR | 0.8 % |
| CHINA PACIFIC INSURANCE GR-H | 0.8 % |
| GOLD CIRCUIT ELECTRONICS LTD | 0.8 % |
| ZHEN DING TECHNOLOGY HOLDING | 0.8 % |
Constituent Breakdown
| Number of holdings | 1894 |
| Herfindahl-Hirschman Index | 32 |
| Wgt avg mkt cap (mns) | $13,271 |
| Large cap (>$10bn) | 42.9% |
| Mid cap ($2-10bn) | 32.9% |
| Small cap (<$2bn) | 12.5% |
| Developed mkts. | 5.5% |
| Emerging mkts. | 82.7% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 20.4 % |
 |
SOUTH KOREA | 16.1 % |
 |
CHINA | 15.2 % |
 |
INDIA | 11.2 % |
 |
HONG KONG | 4.8 % |
 |
BRAZIL | 3.9 % |
 |
SOUTH AFRICA | 3.4 % |
 |
SAUDI ARABIA | 2.3 % |
 |
MEXICO | 1.4 % |
 |
POLAND | 1.4 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.1% | 36.8% | 16.9% | 14.9% | -- | -- | -- | 5.9% |
| Dividend Yield | 0.1% | 4.8% | 4.4% | 4.5% | -- | -- | -- | 3.7% |
| Total Returns | 12.2% | 41.6% | 21.2% | 19.3% | -- | -- | -- | 9.6% | Ann. Volatility | 21.8% | 16.4% | 17.2% | 16.1% | -- | -- | -- | 16.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 47% |
| MSCI EAFE | 0.90 | 64% |
| MSCI Emg Mkts | 0.83 | 89% |
Liquidity Measures
| Avg. volume (000) | 68 |
| ADV traded (mns) | $4 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $65.05 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.97/1.07 |
| Bollinger Bands (Upper/Lower) | $68.11/$63.38 |
| Short interest (% of AUM) | 0.5% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AVES |
Expenses vs. AVES |
ALTAR Score™ vs. AVES |
|---|---|---|---|---|
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 36.8% | -3 bp | -2.6% |
| AVEM | Avantis Emerging Markets Equity ETF | 35.0% | -3 bp | -1.7% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 31.2% | -3 bp | -1.9% |
| DFEV | Dimensional Emerging Markets Value ETF | 31.0% | +7 bp | +0.5% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 27.6% | +17 bp | -3.5% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 27.0% | +2 bp | -1.7% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 23.3% | +13 bp | -0.9% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 23.2% | -1 bp | -1.6% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 23.1% | +5 bp | -1.7% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 21.9% | +14 bp | -1.2% |
Risk and Returns: AVES 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 5/20/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
9.4%
ALTAR SCORE™
78th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 210 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.2%. AVES's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places AVES in the 78th percentile
among funds in the category.
Sell-Side Consensus
$74.06
PRICE TARGET
+15.4%
UPSIDE