Change
$0.50
(0.89%)
Total Return
$0.53
(0.95%)
Total Return
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that the investor's shares, when redeemed, may be worth more or less than the original cost. Returns less than one year are not annualized. Net asset value (NAV) prices are used to calculate market price performance prior to the date when the fund first traded on an exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
Returns or yields for the fund would have been lower if .02% of the fund's management fee had not been waived. The advisor expects this waiver to continue until June 21, 2024, and cannot terminate it prior to such date without the approval of the Board of Trustees. Review the annual or semiannual report for the most current information.
Why AVNV?
Designed to provide exposure to a broadly diversified set of companies and sectors and across international developed and emerging market countries while focusing on securities we believe have higher expected returns*–companies trading at lower valuations with higher profitability ratios. The strategy pursues its objective through investing in a series of other Avantis exchange-traded funds (ETFs).
Pursues the benefits associated with indexing (diversification, low turnover, transparency of exposures), but with the ability to add value by making investment decisions using information in current prices.
Efficient portfolio management and trading process that is designed to enhance returns while seeking to reduce unnecessary risks and transaction costs for investors.
Fund Facts
Performance
To view month-end or historical performance, use the drop-down below.
TOTAL RETURN
CUMULATIVE
| AVERAGE ANNUAL
Average Annual Returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. | |||||||
|---|---|---|---|---|---|---|---|---|
| YTD% | 1 MO | 3 MO | 1 YR | 3 YR | 5 YR | 10 YR | LIFE | |
|
AVNV (NAV)
Net Asset Value. The total value per ETF share of all the underlying securities in an ETF's portfolio. The NAV Return is based on the NAV of the fund. NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at NAV. |
4.53% | 3.83% | 4.53% | - - | - - | - - | - - | 14.53% |
|
AVNV (MARKET PRICE)
The price at which shares in the ETF can be bought or sold on the exchanges during trading hours. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price. |
4.52% | 3.86% | 4.52% | - - | - - | - - | - - | 14.59% |
|
BENCHMARK
|
3.26% | 3.49% | 3.26% | 15.39% | 4.38% | 5.49% | - - | - - |
Fees
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. Please see the prospectus for more information.
The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Pricing
Market Prices
The price at which shares in the ETF can be bought or sold on the exchanges during trading hours. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price.
$0.50
(0.89%)
NAV
$0.53 (0.95%)
52 Week Range
Trading
A premium is the amount that the fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the fund is trading below the reported NAV, expressed as a percentage of the NAV.
Portfolio
Sector Weightings
This value represents the sectors included in the portfolio on a percent of assets basis.
Financials
22%
Industrials
16%
Consumer Discretionary
14%
Materials
13%
Energy
12%
Information Technology
8%
Health Care
4%
Communication Services
4%
Consumer Staples
4%
Real Estate
2%
Utilities
1%
Country Allocation
Top Countries: Represents the countries included in the portfolio on a percent of assets basis. Top Regions: Represents the regions of the countries represented by the securities included in the portfolio on a percent of assets basis.
Japan
17%
United Kingdom
11%
Canada
7%
China
7%
India
6%
Taiwan
6%
Germany
5%
France
5%
Australia
5%
Switzerland
5%
Top 10 Holdings
This value represents the top ten holdings included in the portfolio on a percent of assets basis. Holding weights are rounded to the nearest whole number, which may result in the display of less than ten holdings. Holdings are subject to change without notice. Shares are units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends. In the context of debt instruments, principal can refer to the face value, or par value, of a bond—that is, the actual amount listed on the bond itself. Avantis Investors publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value. The portfolio data and its presentation here may differ from the complete schedules of investments in regulatory filings due to differing accounting and reporting requirements.
As of 04/26/2024
View all Holdings
COMPANY |
TICKER | CUSIP
|
ISIN
|
SECTOR | MARKET VALUE ($)
|
WEIGHT
|
|---|---|---|---|---|---|---|
| AVANTIS INTERNATIONAL LARGE CA AVANTIS INT LRG CAP VAL ETF | AVIV | 025072364 | US0250723642 | DIVERSIFIED | 1,111,581.80 | 46.36% |
| AVANTIS EMERGING MARKETS VALUE AVANTIS EMERGING MARKETS VAL | AVES | 025072372 | US0250723725 | DIVERSIFIED | 728,136.18 | 30.37% |
| AVANTIS INTERNATIONAL SMALL CA AVANTIS INTL S/C VALUE ETF | AVDV | 025072802 | US0250728021 | DIVERSIFIED | 556,128.10 | 23.19% |
| SSC GOVERNMENT MM GVMXX | 7839989D1 | -- | MISCELLANEOUS | 2,097.38 | 0.09% |
Exchange Traded Funds (ETFs) are bought and sold through an exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
The fund's performance and risks reflect the performance and risks of the underlying funds in which it invests. By investing in underlying funds, the primary fund becomes a shareholder of the underlying fund and bears its proportionate share of the underlying fees and expenses.
The fund's performance and risks depend in part on the managers' skill in selecting and weighting the asset classes and underlying funds and implementing any deviations from the target range, which may differ from actual market conditions.
This fund is an actively managed Exchange Traded Fund (ETF) that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.
Historically, small- and/or mid-cap stocks have been more volatile than the stock of larger, more-established companies. Smaller companies may have limited resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies.
International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.
For detailed descriptions of indices or investing terms referenced above, refer to our glossary.
*Expected Returns: Valuation theory shows that the expected return of a stock is a function of its current price, its book equity (assets minus liabilities) and expected future profits, and that the expected return of a bond is a function of its current yield and its expected capital appreciation (depreciation). We use information in current market prices and company financials to identify differences in expected returns among securities, seeking to overweight securities with higher expected returns based on this current market information. Actual returns may be different than expected returns, and there is no guarantee that the strategy will be successful.
Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC – Distributor, not affiliated with American Century Investment Services, Inc.
