AVSE
Avantis Responsible Emerging Markets Equity ETF
Avantis Responsible Emerging Mkts Eq ETF seeks to provide long-term capital appreciation by investing primarily in equity securities of emerging market companies while considering environmental, social, and governance (ESG) factors in its investment process.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
138.0 M
ASSETS UNDER MGMT
33 bp
EXPENSES
Fund Basics
| Fund sponsor | Avantis |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 28, 2022 |
| Assets (mns) | $138 |
| Expense ratio | 33 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 | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR-SP ADR | 6.6 % |
| BAJAJ FINANCE LIMITED | 3.9 % |
| TENCENT HOLDINGS LTD | 2.8 % |
| SAMSUNG ELECTR-GDR 144A | 2.2 % |
| KASIKORNBANK PUBLIC CO. LTD. | 1.9 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 1.7 % |
| HYNIX SEMICONDUCTOR INC | 1.5 % |
| CHINA CONSTRUCTION BANK-H | 1.4 % |
| ICICI BANK LTD-SPON ADR | 1.0 % |
| BYD CO LTD-H | 1.0 % |
Constituent Breakdown
| Number of holdings | 2327 |
| Herfindahl-Hirschman Index | 101 |
| Wgt avg mkt cap (mns) | $117,404 |
| Large cap (>$10bn) | 56.5% |
| Mid cap ($2-10bn) | 21.7% |
| Small cap (<$2bn) | 11.2% |
| Developed mkts. | 3.5% |
| Emerging mkts. | 87.4% |
Country Exposure
 |
CHINA | 21.7 % |
 |
TAIWAN | 19.7 % |
 |
INDIA | 16.4 % |
 |
SOUTH KOREA | 11.4 % |
 |
BRAZIL | 4.0 % |
 |
SOUTH AFRICA | 3.3 % |
 |
THAILAND | 3.3 % |
 |
HONG KONG | 2.9 % |
 |
MEXICO | 1.6 % |
 |
MALAYSIA | 1.4 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.4% | 8.4% | 11.8% | 5.2% | -- | -- | -- | 3.2% |
| Dividend Yield | 0.0% | 3.2% | 3.5% | 2.6% | -- | -- | -- | 1.4% |
| Total Returns | 9.4% | 11.6% | 15.3% | 7.9% | -- | -- | -- | 4.5% | Ann. Volatility | 22.5% | 19.0% | 16.6% | 17.3% | -- | -- | -- | 17.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 45% |
| MSCI EAFE | 0.74 | 54% |
| MSCI Emg Mkts | 0.93 | 85% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $58.47 |
| 30d moving avg. | $55.76 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 64 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| AVEM | Avantis Emerging Markets Equity ETF | 61.5% | 0 bp | +9.3% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 58.1% | 0 bp | +8.7% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 38.2% | +8 bp | +9.0% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 37.9% | +2 bp | +9.5% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 37.5% | +5 bp | +9.5% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 37.1% | +16 bp | +9.6% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 36.9% | -18 bp | +8.2% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 36.5% | +16 bp | +10.5% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 34.7% | -24 bp | +10.5% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 34.4% | -3 bp | +10.4% |
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 6/28/2025
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
AVSE
8.6%
Cat. Avg
8.1%
ALTAR Score™ Calculation
Category Overview
There are 117 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.1% and a standard deviation of
2.5%. AVSE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places AVSE in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVSESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Emerging Market Equity ETFs |
| # of ETFs | 22 |
| Avg. Expense Ratio | 60.3 bp |
| Std. Deviation | 21.7 bp |
| (33 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) |
|
|---|---|---|---|
| AVSE | 33.0 | 0.0 | 33 |
| Peer Avg. | 52.3 | 24.3 | 76.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .