AVGE
Avantis All Equity Markets ETF
AVGE is an actively managed fund-of-funds providing exposure to global equity markets.
Global
EQUITY
Active
MANAGEMENT STYLE
464.8 M
ASSETS UNDER MGMT
23 bp
EXPENSES
Fund Basics
| Fund sponsor | Avantis |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 27, 2022 |
| Assets (mns) | $465 |
| Expense ratio | 23 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top 10 Holdings
| AVANTIS US EQUITY ETF | 43.6 % |
| AVANTIS US LARGE CAP VALUE ETF | 15.1 % |
| AVANTIS INTERNATIONAL EQUITY ETF | 11.0 % |
| AVANTIS EMERGING MARKETS EQUITY ETF | 6.1 % |
| AVANTIS INTERNATIONAL LARGE CAP VAL ETF | 5.5 % |
| AVANTIS US SMALL CAP VALUE ETF | 3.6 % |
| AVANTIS EMERGING MARKETS VALUE ETF | 3.5 % |
| AVANTIS US SMALL CAP EQUITY ETF | 3.2 % |
| AVANTIS REAL ESTATE ETF | 2.8 % |
| AVANTIS U.S. MID CAP EQUITY ETF | 1.3 % |
Constituent Breakdown
| Number of holdings | 15 |
| Herfindahl-Hirschman Index | 79 |
| Wgt avg mkt cap (mns) | $355,707 |
| Large cap (>$10bn) | 68.1% |
| Mid cap ($2-10bn) | 16.8% |
| Small cap (<$2bn) | 7.5% |
| Developed mkts. | 84.2% |
| Emerging mkts. | 8.6% |
Country Exposure
 |
UNITED STATES | 64.6 % |
 |
JAPAN | 3.7 % |
 |
BRITAIN | 2.5 % |
 |
CHINA | 2.1 % |
 |
TAIWAN | 2.0 % |
 |
CANADA | 1.7 % |
 |
SWITZERLAND | 1.7 % |
 |
INDIA | 1.6 % |
 |
FRANCE | 1.5 % |
 |
GERMANY | 1.4 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.6% | 5.3% | 10.2% | -- | -- | -- | -- | 14.0% |
| Dividend Yield | 0.0% | 1.0% | 1.6% | -- | -- | -- | -- | 1.6% |
| Total Returns | -2.6% | 6.2% | 11.8% | -- | -- | -- | -- | 15.6% | Ann. Volatility | 25.1% | 18.1% | 15.5% | -- | -- | -- | -- | 16.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 87% |
| MSCI EAFE | 0.86 | 72% |
| MSCI Emg Mkts | 0.60 | 41% |
Liquidity Measures
| Avg. volume (000) | 41 |
| ADV traded (mns) | $3 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| Recent close | $71.59 |
| 30d moving avg. | $69.41 |
| Annualized volatility | 15.4% |
| Relative strength (RSI) | 49 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| CCMG | CCM Global Equity ETF | 11.0% | +11 bp | +9.2% |
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 5/6/2025
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
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™
7.7%
Cat. Avg
4.7%
ALTAR Score™ Calculation
Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™
of 4.7% and a standard deviation of
3.6%. 's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVGESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| (23 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 23.0 | 0.0 | 23 | |
| Peer Avg. | 66.0 | 28.5 | 94.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .