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AVDS

GradeANew York Stock Exchange Arca

Avantis International Small Cap Equity ETF

Active Equity · Avantis · Inception 2023-07-18 · SEC filings

$79.00−1.25 (−1.55%)

As of Sep 23, 2026, 2:15 PM EDT

History starts Jul 20, 2023.
Intraday session: down, 34 prints from 80.25 to 79.00. Range 78.75 to 79.55. Use the arrow keys to read each point.$78.80$79.20$79.40$79.6010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$357M
1Y return
+22.1%
Yield · Last 12 months
2.53%
Holdings
3054
Volume · 30D
0M sh
NAV per share
$79.65
52W range
low $64.71high $81.32

The ETF.net AVDS Grade

A

77/ 100

Rank 4 of 57 in International Active Equity

Confidence Medium

Six-pillar profile for AVDS. Scores out of 100: Cost 89, Risk 61, Mission not scored, Tradability 65, Holdings 91, Durability 69. Strongest: Holdings (91). Weakest: Risk (61). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 77 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 89
    Category rank6/57 · top 11%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank20/57 · top 35%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 65
    Category rank18/57 · top 32%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 91
    Category rank2/53 · top 4%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 69
    Category rank19/57 · top 33%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AVDS

ETF.net Research

AAvantis casts a wide net: roughly 3,000 non-US developed small caps, weighted with an eye on price, profitability and how much cash companies plow back in. Active management that looks a lot like an index fund with its thumb on the scale.

Stated mandate

The ETF seeks long-term capital appreciation by investing in a broad group of non-U.S. small-cap companies and considering valuation, profitability, and investment levels when selecting and weighting securities.

Why people hold it

  1. 01Charges 0.30% a year, about half the typical fee in its active international peer group. Cheap is a durable edge in a corner of the market where fees usually run high.
  2. 02Roughly 3,000 holdings, so no single stock or country steers the outcome. This is small-cap breadth, not a concentrated stock-picking bet.
  3. 03The tilts are the whole design: valuation, profitability and investment levels shape both what it owns and how much of each, measured against MSCI World ex USA Small Cap.res.avantisinvestors.com
  4. 04Sits among the strongest builds in a crowded field of active international equity funds. Broad, systematic, low-fee: the boxes that tend to stay ticked.

Worth knowing

  1. 01Thinly traded compared with the big international names. Limit orders and a look at the spread earn their keep here.
  2. 02Launched in 2023, so the live record is short even though the approach behind it is not new.
  3. 03Costs more than Avantis' broad international fund AVDE (0.23%). Small caps abroad are pricier to research and trade, and they swing harder.

AVDS Holdings

As of Sep 22, 2026, 9:42 PM
Asset class
Stocks
Holdings
3,054
Top-10 weight
2%
Largest holding
DPM.TO0.3%

Sectors

  • Industrials22.7%
  • Materials16.0%
  • Consumer Discr.13.8%
  • Financials12.6%
  • Technology9.3%
  • Cons. Staples5.9%
  • Energy5.6%
  • Health Care4.9%
  • Communication3.4%
  • Real Estate3.3%
  • Utilities2.7%

Geography

  • Japan32.85%
  • Canada10.99%
  • United Kingdom9.89%
  • Australia9.34%
  • Sweden4.41%
  • Israel3.86%
  • Switzerland3.61%
  • Germany3.43%
  • Other countries (27)21.63%

Developed 95% · Emerging 5% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 205.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DPM.TODPM METALS INC COMMON STOCK0.27%22,085$946K60
002ENLT.TAENLIGHT RENEWABLE ENERGY LTD COMMON STOCK ILS.010.26%12,104$932K87
003HSX.LHISCOX LTD COMMON STOCK GBP.0650.25%34,736$904K61
004HBM.TOHUDBAY MINERALS INC COMMON STOCK0.25%33,398$890K59
005BBY.LBALFOUR BEATTY PLC COMMON STOCK GBP.50.25%69,868$882K61
006BGEO.LLION FINANCE GROUP PLC COMMON STOCK GBP.010.24%4,604$868K68
007ELD.TOELDORADO GOLD CORP COMMON STOCK0.24%20,075$850K48
008NKT.CONKT A/S COMMON STOCK DKK20.00.24%5,698$839K61
009FTT.TOFINNING INTERNATIONAL INC COMMON STOCK0.23%11,801$831K51
010PRU.AXPERSEUS MINING LTD COMMON STOCK0.23%172,973$813K69
011CLIS.TACLAL INSURANCE ENTERPR HLDGS COMMON STOCK ILS1.00.22%8,196$798K53
012AZM.MIAZIMUT HOLDING SPA COMMON STOCK0.22%17,419$793K60
013IMG.TOIAMGOLD CORP COMMON STOCK0.22%38,484$775K50
014BEZ.LBEAZLEY PLC COMMON STOCK GBP.050.22%44,342$774K53
015RILBA.CORINGKJOEBING LANDBOBANK A/S COMMON STOCK DKK1.00.22%2,686$767K53

Showing 1–15 of 3070 holdings

AVDS Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AVDS$12,209
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AVDS $12,209. SPY $11,723. Use the arrow keys to read each point.$9,309$10,918$12,527Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AVDS. Periods over one year show the average yearly return.
PeriodAVDS
Year to date+16.6%
1 month+0.0%
3 months+4.8%
1 year+22.1%
3 years+22.1%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AVDS
YearReturn barAVDS
2026 YTD+16.6%
2025+38.2%
2024+3.2%
2023+3.8%

History from Jul 20, 2023

AVDS in the news

ETF.net Research hasn’t filed on AVDS yet — coverage lands here as it’s written.

AVDS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.53%Last 12 months
Payout per share
$2.03Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 8 payments from 2023 to 2026 YTD. Dec 18, 2023 $0.38; Jun 24, 2024 $0.82; Dec 17, 2024 $0.77; Jun 24, 2025 $0.78; Dec 16, 2025 $0.87; Mar 10, 2026 $0.03; Jun 9, 2026 $0.85; Sep 8, 2026 $0.28. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 8, 2026Sep 10, 2026$0.28
Jun 9, 2026Jun 11, 2026$0.85
Mar 10, 2026Mar 12, 2026$0.03
Dec 16, 2025Dec 18, 2025$0.87
Jun 24, 2025Jun 26, 2025$0.78
Dec 17, 2024Dec 19, 2024$0.77
Jun 24, 2024Jun 26, 2024$0.82
Dec 18, 2023Dec 21, 2023$0.38

AVDS Risk

How much the fund’s monthly returns vary, scaled to a year.
14.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.08
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.5%
38 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.73
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AVDS Cost

Expense ratio0.30%
  • The middle half of International Active Equity funds
  • Median 0.58%

5 of the 55 International Active Equity funds charge less.

AVDS costs $30.00 a year on $10,000. The median International Active Equity fund costs $58.00.