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
$ 1.3 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
| CHINA HONGQIAO GROUP LTD | 1.1 % |
| CATHAY FINANCIAL HOLDING CO | 1.0 % |
| VALE SA-SP ADR | 0.9 % |
| CHINATRUST FINANCIAL HOLDING | 0.9 % |
| KUAISHOU TECHNOLOGY CLASS B | 0.9 % |
| FUBON FINANCIAL HOLDING CO | 0.9 % |
| HANA FINANCIAL GROUP | 0.9 % |
| CHINA PACIFIC INSURANCE GR-H | 0.8 % |
| KING YUAN ELECTRONICS CO LTD | 0.8 % |
| KB FINANCIAL GROUP INC-ADR | 0.8 % |
Constituent Breakdown
| Number of holdings | 1794 |
| Herfindahl-Hirschman Index | 31 |
| 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. | 5.6% |
| Emerging mkts. | 85.4% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 19.5 % |
 |
CHINA | 18.2 % |
 |
INDIA | 15.8 % |
 |
SOUTH KOREA | 12.1 % |
 |
HONG KONG | 4.8 % |
 |
BRAZIL | 4.1 % |
 |
SOUTH AFRICA | 3.8 % |
 |
SAUDI ARABIA | 1.6 % |
 |
MALAYSIA | 1.5 % |
 |
INDONESIA | 1.5 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.5% | 43.3% | 19.1% | 16.3% | -- | -- | -- | 6.4% |
| Dividend Yield | 0.0% | 4.9% | 4.4% | 4.5% | -- | -- | -- | 3.8% |
| Total Returns | 13.5% | 48.1% | 23.4% | 20.7% | -- | -- | -- | 10.2% | Ann. Volatility | 14.3% | 16.4% | 15.7% | 15.1% | -- | -- | -- | 16.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 49% |
| MSCI EAFE | 0.81 | 65% |
| MSCI Emg Mkts | 0.87 | 91% |
Liquidity Measures
| Avg. volume (000) | 203 |
| ADV traded (mns) | $12 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $63.85 |
| Relative strength (RSI) | 67 |
| MACD/Signal | 1.31/1.27 |
| Bollinger Bands (Upper/Lower) | $67.40/$61.66 |
| Short interest (% of AUM) | 0.5% |
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. AVES |
Expenses vs. AVES |
ALTAR Score™ vs. AVES |
|---|---|---|---|---|
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 39.8% | -3 bp | -2.1% |
| AVEM | Avantis Emerging Markets Equity ETF | 36.9% | -3 bp | -1.2% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 34.7% | -3 bp | -1.5% |
| DFEV | Dimensional Emerging Markets Value ETF | 30.7% | +7 bp | +1.3% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 28.5% | +17 bp | -3.0% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 27.5% | +2 bp | -1.3% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 24.5% | +13 bp | -0.6% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 23.7% | +5 bp | -1.4% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 23.5% | +8 bp | -0.5% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 23.5% | -1 bp | -1.1% |
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 3/6/2026
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
9.7%
ALTAR SCORE™
76th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 196 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.0% and a standard deviation
of 2.4%. AVES's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places AVES in the 76th percentile
among funds in the category.
Sell-Side Consensus
$71.75
PRICE TARGET
+17.7%
UPSIDE