AVEM
Avantis Emerging Markets Equity ETF
AVEM is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
6.8 B
ASSETS UNDER MGMT
33 bp
EXPENSES
Fund Basics
| Fund sponsor | American Century |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 17, 2019 |
| Assets (mns) | $6,780 |
| Expense ratio | 33 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| 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
| TAIWAN SEMICONDUCTOR-SP ADR | 5.9 % |
| TENCENT HOLDINGS LTD | 2.4 % |
| SAMSUNG ELECTR-GDR 144A | 2.3 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 1.5 % |
| HYNIX SEMICONDUCTOR INC | 1.1 % |
| CHINA CONSTRUCTION BANK-H | 1.0 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 0.9 % |
| INFOSYS TECHNOLOGIES-SP ADR | 0.8 % |
| RELIANCE INDS-SPONS GDR 144A | 0.7 % |
Constituent Breakdown
| Number of holdings | 3439 |
| Herfindahl-Hirschman Index | 65 |
| Wgt avg mkt cap (mns) | $98,074 |
| Large cap (>$10bn) | 57.9% |
| Mid cap ($2-10bn) | 29.0% |
| Small cap (<$2bn) | 12.1% |
| Developed mkts. | 7.8% |
| Emerging mkts. | 92.3% |
Country Exposure
 |
TAIWAN | 19.8 % |
 |
CHINA | 19.0 % |
 |
INDIA | 18.5 % |
 |
SOUTH KOREA | 12.3 % |
 |
BRAZIL | 4.4 % |
 |
HONG KONG | 3.4 % |
 |
SOUTH AFRICA | 2.8 % |
 |
MEXICO | 2.0 % |
 |
INDONESIA | 1.7 % |
 |
MALAYSIA | 1.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.6% | 23.6% | 19.7% | 1.1% | 6.1% | -- | 6.9% | Volatility | 15.7% | 15.7% | 16.0% | 17.9% | 20.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 52% |
| MSCI EAFE | 0.86 | 70% |
| MSCI Emg Mkts | 1.03 | 100% |
Liquidity Measures
| Avg. volume (000) | 482 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $32,112 |
Technical Indicators
| Recent close | $60.29 |
| 30d moving avg. | $64.14 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.4% |
| 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. AVEM |
Expenses vs. AVEM |
ALTAR Score™ vs. AVEM |
|---|---|---|---|---|
| DFAE | Dimensional Emerging Core Equity Market ETF | 46.9% | +2 bp | -1.6% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 46.2% | +5 bp | -1.1% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 44.5% | +16 bp | -0.7% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 43.2% | -24 bp | -1.4% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 42.0% | +16 bp | -2.8% |
| AVES | Avantis Emerging Markets Value ETF | 41.6% | +3 bp | +2.8% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 40.9% | +8 bp | -1.5% |
| TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 40.1% | +26 bp | +2.4% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 40.1% | +33 bp | +1.1% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 39.9% | +3 bp | -1.1% |
Risk and Returns: AVEM 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 11/15/2024
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
AVEM
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
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.
ALTAR Score™
AVEM
9.0%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. AVEM's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places AVEM in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVEMSELL
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 |
| AVEM (33 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AVEM | 33.0 | 9.2 | 42.2 |
| Peer Avg. | 41.8 | 27.4 | 69.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .