AVRE
Avantis Real Estate ETF
AVRE is an actively managed fund that provides broad exposure to real estate securities around the world.
Global
EQUITY
Active
MANAGEMENT STYLE
538.1 M
ASSETS UNDER MGMT
17 bp
EXPENSES
Fund Basics
| Fund sponsor | American Century Investments |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 28, 2021 |
| Assets (mns) | $538 |
| Expense ratio | 17 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
| PROLOGIS INC | 6.4 % |
| AMERICAN TOWER CORP-CL A | 6.2 % |
| EQUINIX INC | 4.6 % |
| WELLTOWER, INC. | 3.9 % |
| SIMON PROPERTY GROUP INC | 3.0 % |
| GOODMAN GROUP | 3.0 % |
| REALTY INCOME CORP | 3.0 % |
| PUBLIC STORAGE | 3.0 % |
| DIGITAL REALTY TRUST INC | 2.8 % |
| CROWN CASTLE INTL CORP | 2.8 % |
Constituent Breakdown
| Number of holdings | 300 |
| Herfindahl-Hirschman Index | 211 |
| Wgt avg mkt cap (mns) | $32,839 |
| Large cap (>$10bn) | 69.6% |
| Mid cap ($2-10bn) | 23.5% |
| Small cap (<$2bn) | 6.9% |
| Developed mkts. | 98.2% |
| Emerging mkts. | 1.8% |
Country Exposure
 |
UNITED STATES | 71.4 % |
 |
AUSTRALIA | 6.4 % |
 |
JAPAN | 5.8 % |
 |
BRITAIN | 3.9 % |
 |
SINGAPORE | 2.6 % |
 |
FRANCE | 1.8 % |
 |
CANADA | 1.2 % |
 |
BELGIUM | 1.0 % |
 |
HONG KONG | 0.8 % |
 |
SOUTH AFRICA | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.5% | 28.4% | 10.3% | -- | -- | -- | -1.9% | Volatility | 13.7% | 15.1% | 16.5% | 17.9% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 73% |
| MSCI EAFE | 1.00 | 76% |
| MSCI Emg Mkts | 0.81 | 48% |
Liquidity Measures
| Avg. volume (000) | 36 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $8,703 |
Technical Indicators
| Recent close | $44.84 |
| 30d moving avg. | $46.18 |
| Annualized volatility | 20.3% |
| Relative strength (RSI) | 47 |
| 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. AVRE |
Expenses vs. AVRE |
ALTAR Score™ vs. AVRE |
|---|---|---|---|---|
| DFGR | Dimensional Global Real Estate ETF | 84.0% | +5 bp | +0.3% |
| REET | iShares Global REIT ETF | 78.8% | -3 bp | +0.4% |
| ERET | iShares Environmentally Aware Real Estate ETF | 72.3% | +13 bp | +0.6% |
| FREL | Fidelity MSCI Real Estate Index ETF | 71.0% | -9 bp | +0.2% |
| DFAR | Dimensional US Real Estate ETF | 70.9% | +2 bp | +0.4% |
| SCHH | Schwab U.S. REIT ETF | 70.8% | -10 bp | +0.6% |
| VNQ | Vanguard Real Estate ETF | 70.5% | -5 bp | +0.3% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 70.2% | +33 bp | +0.2% |
| IYR | iShares U.S. Real Estate ETF | 66.4% | +23 bp | +0.1% |
| VGSR | Vert Global Sustainable Real Estate ETF | 61.5% | +30 bp | -0.3% |
Risk and Returns: AVRE 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 11/21/2024
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
AVRE
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™
AVRE
5.9%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. AVRE's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places AVRE in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVRESELL
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 |
| AVRE (17 bp) Percentile rank | 3 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AVRE | 17.0 | 18.8 | 35.8 |
| Peer Avg. | 66.9 | 30.0 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .