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

709.5 M

ASSETS UNDER MGMT

36 bp

EXPENSES
Fund Basics
Fund sponsorAmerican Century Investments
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateSep 28, 2021
Assets (mns)$710
Expense ratio36 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ABM INDUSTRIES INC 2.1 %
GEELY AUTOMOBILE HOLDINGS LT 1.6 %
CHINATRUST FINANCIAL HOLDING 1.0 %
FUBON FINANCIAL HOLDING CO 1.0 %
CATHAY FINANCIAL HOLDING CO 1.0 %
ANTA SPORTS PRODUCTS LTD 0.9 %
MARUTI SUZUKI INDIA LTD 0.8 %
LI AUTO, INC. SPONSORED ADR CLASS A 0.8 %
SAMSUNG TECHWIN CO LTD 0.8 %
VALE SA-SP ADR 0.8 %
Constituent Breakdown
Number of holdings1728
Herfindahl-Hirschman Index 35
Wgt avg mkt cap (mns)$10,996
Large cap (>$10bn)37.3%
Mid cap ($2-10bn)35.7%
Small cap (<$2bn)18.2%
Developed mkts.10.1%
Emerging mkts.82.8%
Country Exposure
TAIWAN 20.5 %
INDIA 17.9 %
CHINA 16.2 %
SOUTH KOREA 11.0 %
HONG KONG 7.2 %
BRAZIL 4.6 %
SOUTH AFRICA 3.6 %
UNITED STATES 2.2 %
MALAYSIA 1.6 %
MEXICO 1.6 %
Historical Performance


Standardized Performance (as of 05/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 10.0% 3.5% 10.0% 2.9% -- -- -- 0.3%
Dividend Yield 0.0% 1.0% 2.8% 3.0% -- -- -- 2.6%
Total Returns 10.0% 4.5% 12.8% 5.9% -- -- -- 2.9%
Ann. Volatility 20.2% 18.5% 16.2% 16.7% -- -- -- 17.0%
Market Correlations
versus...BetaR-squared
S&P 5000.7448%
MSCI EAFE0.8263%
MSCI Emg Mkts0.9584%
Liquidity Measures
Avg. volume (000)29
ADV traded (mns)$2
Turnover0.2%
Avg. Bid/Ask (% of price)0.21%
Technical Indicators
Recent close$52.95
30d moving avg.$50.94
Annualized volatility17.8%
Relative strength (RSI)65
Short interest2.1%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: 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 6/16/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

11.7%

Cat. Avg

8.2%


ALTAR Score™ Calculation

Category Overview
There are 112 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.2% and a standard deviation of 2.6%. 's ALTAR Score™ is approximately 1.4 standard deviations above the category average. This places in the 91st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

AVES
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
(36 bp) Percentile rank 13
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
36.0 0.0 36
Peer Avg. 44.5 27.8 72.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .