AVES

Avantis Emerging Markets Value ETF

AVES is an actively managed fund of emerging market equities with lower prices relative to their book values.


Active, Diverse

MANAGEMENT MATRIX

AVEM

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorAmerican Century Investments
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateSep 28, 2021
Assets (mns)$29
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
OIL COMPANY LUKOIL PJSC SPONSORED ADR 1.3 %
NETEASE.COM INC-ADR 1.3 %
CHINA RESOURCES LAND LTD 1.1 %
HYNIX SEMICONDUCTOR INC 1.1 %
HON HAI PRECISION INDUSTRY 1.1 %
VALE SA-SP ADR 1.1 %
YUM CHINA HOLDINGS, INC. 1.0 %
CHINATRUST FINANCIAL HOLDING 1.0 %
KB FINANCIAL GROUP INC-ADR 1.0 %
CATHAY FINANCIAL HOLDING CO 1.0 %
Constituent Breakdown
Number of holdings759
Herfindahl-Hirschman Index 42
Wgt avg mkt cap (mns)$14,857
Large cap (>$10bn)42.9%
Mid cap ($2-10bn)36.4%
Small cap (<$2bn)15.6%
Developed mkts.12.2%
Emerging mkts.87.8%
Country Exposure
TAIWAN 23.1 %
CHINA 22.8 %
SOUTH KOREA 17.7 %
HONG KONG 7.7 %
BRAZIL 6.2 %
SOUTH AFRICA 4.0 %
THAILAND 2.7 %
MEXICO 2.3 %
MALAYSIA 2.1 %
INDONESIA 2.1 %
Historical Performance


Standardized Annual Returns (as of 10/31/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-- -- -- -- -- -- -5.2%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)20
Turnover3.3%
Avg. Bid/Ask (% of price)0.11%
ADV of underlying (mns)$16,955
Technical Indicators
Recent close$48.67
30d moving avg.$50.40
Annualized volatility0.0%
Relative strength (RSI)41
Short interest (ETF)4.7%
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: 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
  2016 2017 2018 2019 2020 2021E 2022E  
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
  2020 2021E Fwd Est 2022E
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 --%
0.6 6.9 0.8 5.1% --
Based on closing prices from 11/26/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
AVES



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

AVES

12.1%

Cat. Avg

8.3%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™12.1%
Recommendation

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.

Category Overview
There are 172 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.3% and a standard deviation of 4.8%. AVES's ALTAR Score™ is approximately 0.8 standard deviations above the category average. This places AVES in the 79th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
AVES
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
AVES 36.0 10.9 46.9
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.