Change
$0.80
(1.55%)
Total Return
$0.61
(1.18%)
Total Return
Performance data 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 fluctuate. Redemption may be worth more or less than the original cost. Returns less than one year are not annualized.
Why AVEM?
Invests in a broad set of U.S. companies across all market capitalizations and is designed to increase expected returns by overweighting securities we believe to be trading at lower valuations and with higher profitability ratios.
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 costs for investors.
Built to fit seamlessly into an investor's asset allocation.
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 | |
|
AVEM (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. |
2.53% | -1.67% | 0.68% | -5.88% | 7.71% | - - | - - | 2.97% |
|
AVEM (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. |
2.85% | -1.72% | 0.80% | -5.55% | 7.49% | - - | - - | 3.03% |
|
BENCHMARK
|
1.66% | -1.31% | 0.50% | -7.78% | 4.79% | -0.27% | 2.06% | - - |
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.
$0.80
(1.55%)
NAV
$0.61 (1.18%)
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.
Information Technology
20%
Financials
18%
Consumer Discretionary
12%
Materials
11%
Industrials
10%
Communication Services
7%
Consumer Staples
6%
Energy
5%
Health Care
5%
Utilities
3%
Real Estate
3%
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.
China
29%
Taiwan
18%
India
16%
South Korea
14%
Brazil
6%
South Africa
4%
Mexico
3%
Thailand
3%
Indonesia
2%
Malaysia
2%
Top 20 Holdings
This value represents the top twenty 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. 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 04/30/2023
View all Holdings
Company
 |
Weight
|
|---|---|
| Apple Inc | 4.46% |
| Microsoft Corp | 3.76% |
| Exxon Mobil Corp | 1.34% |
| Amazon.com Inc | 1.24% |
| Meta Platforms Inc | 1.23% |
| Alphabet Inc | 1.08% |
| Alphabet Inc-CL C | 0.95% |
| JPMorgan Chase & Co | 0.92% |
| Merck & Co Inc | 0.92% |
| Johnson & Johnson | 0.90% |
| Chevron Corp | 0.83% |
| Visa Inc | 0.73% |
| NVIDIA Corp | 0.71% |
| Berkshire Hathaway Inc | 0.62% |
| Eli Lilly & Co | 0.57% |
| Pfizer Inc | 0.57% |
| Mastercard Inc | 0.55% |
| ConocoPhillips | 0.53% |
| Costco Wholesale Corp | 0.52% |
| PepsiCo Inc | 0.50% |
International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.
Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Institutional class shares are only available for purchase by institutions or other financial intermediaries. Review definitions and minimums for share classes in the fund's prospectus.
For detailed descriptions of indices or investing terms referenced above, refer to our glossary.
The Russell 3000® Index is a trademark/service mark of the Frank Russell Company. Russell® is trademark of the Frank Russell Company.
