AVLV
Avantis U.S. Large Cap Value ETF
AVLV is an actively-managed portfolio of US large-cap value companies selected based on fundamental criteria.
US
EQUITY
Active
MANAGEMENT STYLE
15 bp
EXPENSES
$3.9 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | American Century Investments |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 21, 2021 |
| Assets (mns) | $3,933 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 3.3 % |
| META PLATFORMS INC | 3.0 % |
| JPMORGAN CHASE & CO | 2.6 % |
| COSTCO WHOLESALE CORP | 2.5 % |
| EXXON MOBIL CORP | 2.2 % |
| JOHNSON & JOHNSON | 1.8 % |
| APPLIED MATERIALS INC | 1.7 % |
| AMAZON.COM INC | 1.7 % |
| WAL-MART STORES INC | 1.7 % |
| ALPHABET INC. CLASS A | 1.5 % |
Constituent Breakdown
| Number of holdings | 312 |
| Herfindahl-Hirschman Index | 94 |
| Wgt avg mkt cap (mns) | $368,395 |
| Large cap (>$10bn) | 87.7% |
| Mid cap ($2-10bn) | 12.0% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 99.2% |
| Emerging mkts. | 0.8% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
BERMUDA | 1.0 % |
 |
ARGENTINA | 0.6 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.6% | 20.4% | 19.3% | -- | -- | -- | 8.8% | Volatility | 10.9% | 12.1% | 17.3% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 84% |
| MSCI EAFE | 0.93 | 76% |
| MSCI Emg Mkts | 0.68 | 39% |
Liquidity Measures
| Avg. volume (000) | 361 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $175,088 |
Technical Indicators
| Recent close | $63.07 |
| 30d moving avg. | $63.50 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
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. AVLV |
Expenses vs. AVLV |
ALTAR Score™ vs. AVLV |
|---|---|---|---|---|
| AVUS | Avantis U.S. Equity ETF | 43.8% | 0 bp | -1.6% |
| FNDX | Schwab Fundamental US Large Co. Index ETF | 41.4% | +10 bp | -0.4% |
| VLU | SPDR S&P 1500 Value Tilt ETF | 40.4% | -3 bp | -0.4% |
| QARP | Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 40.1% | +4 bp | -1.0% |
| FNDB | Schwab Fundamental US Broad Market Index ETF | 39.6% | +10 bp | -0.5% |
| IUS | Invesco RAFI Strategic US ETF | 38.7% | +4 bp | -0.3% |
| PRF | Invesco FTSE RAFI US 1000 ETF | 38.5% | +24 bp | -0.4% |
| RWL | Invesco S&P 500 Revenue ETF | 37.9% | +24 bp | -0.7% |
| EPS | WisdomTree U.S. LargeCap Fund | 37.0% | -7 bp | -1.3% |
| DFLV | Dimensional US Large Cap Value ETF | 36.6% | +7 bp | +0.3% |
Risk and Returns: AVLV 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 7/25/2024
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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
AVLV
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™
AVLV
7.5%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.5% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. AVLV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places AVLV in the 76th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
AVLV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| AVLV (15 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AVLV | 15.0 | 4.2 | 19.2 |
| Peer Avg. | 47.5 | 20.2 | 67.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .