AVIV
Avantis International Large Cap Value ETF
AVIV is an actively managed fund primarily investing in non-US developed market equities with lower prices relative to their book values.
International
EQUITY
Active
MANAGEMENT STYLE
449.4 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | American Century Investments |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 28, 2021 |
| Assets (mns) | $449 |
| Expense ratio | 25 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 3.1 % |
| NOVARTIS AG-ADR | 2.5 % |
| HSBC HOLDINGS PLC-SPONS ADR | 1.7 % |
| TOYOTA MOTOR CORP -SPON ADR | 1.6 % |
| 3I GROUP PLC | 1.6 % |
| BHP BILLITON LTD-SPON ADR | 1.5 % |
| UNICREDIT S.P.A. | 1.5 % |
| TOTAL SA-SPON ADR | 1.4 % |
| BP PLC-SPONS ADR | 1.4 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.3 % |
Constituent Breakdown
| Number of holdings | 522 |
| Herfindahl-Hirschman Index | 73 |
| Wgt avg mkt cap (mns) | $44,331 |
| Large cap (>$10bn) | 67.2% |
| Mid cap ($2-10bn) | 26.3% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
JAPAN | 19.2 % |
 |
BRITAIN | 12.8 % |
 |
SWITZERLAND | 10.2 % |
 |
CANADA | 9.7 % |
 |
FRANCE | 8.8 % |
 |
GERMANY | 8.4 % |
 |
AUSTRALIA | 5.7 % |
 |
SPAIN | 3.0 % |
 |
ITALY | 2.8 % |
 |
NETHERLANDS | 2.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.5% | 7.8% | 9.3% | 5.3% | -- | -- | 3.3% | Volatility | 12.9% | 13.0% | 15.0% | 17.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 65% |
| MSCI EAFE | 1.01 | 92% |
| MSCI Emg Mkts | 0.85 | 65% |
Liquidity Measures
| Avg. volume (000) | 31 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $19,308 |
Technical Indicators
| Recent close | $51.30 |
| 30d moving avg. | $53.75 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 46 |
| 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. AVIV |
Expenses vs. AVIV |
ALTAR Score™ vs. AVIV |
|---|---|---|---|---|
| AVDE | Avantis International Equity ETF | 37.8% | -2 bp | -0.9% |
| AVSD | Avantis Responsible International Equity ETF | 33.9% | -2 bp | -2.1% |
| DFIV | Dimensional International Value ETF | 31.5% | +2 bp | +1.2% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 25.5% | 0 bp | -2.0% |
| DFIC | Dimensional International Core Equity 2 ETF | 25.3% | -2 bp | -1.4% |
| IQIN | IQ 500 International ETF | 25.3% | 0 bp | -0.1% |
| DIHP | Dimensional International High Profitability ETF | 25.3% | +4 bp | -1.6% |
| JHMD | John Hancock Multifactor Developed International ETF | 24.3% | +14 bp | -1.4% |
| FNDF | Schwab Fundamental International Large Co. Index ETF | 24.0% | 0 bp | +1.2% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 22.6% | +20 bp | -0.1% |
Risk and Returns: AVIV 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 12/18/2024
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
AVIV
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™
AVIV
9.3%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. AVIV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places AVIV in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVIVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| AVIV (25 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AVIV | 25.0 | 14.7 | 39.7 |
| Peer Avg. | 42.8 | 45.3 | 88.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .