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AVEE

GradeBNew York Stock Exchange Arca

Avantis Emerging Markets Small Cap Equity ETF

Active Equity · Avantis · Inception 2023-11-07

$68.17−1.35 (−1.94%)

As of Sep 23, 2026, 1:52 PM EDT

History starts Nov 9, 2023.
Intraday session: down, 17 prints from 69.52 to 68.17. Range 68.17 to 69.06. Use the arrow keys to read each point.$68.40$68.60$68.80$69.0010 AM12 PM2 PM4 PM
Expense ratio
0.42%
Fund size
$139M
1Y return
+9.4%
Yield · Last 12 months
2.92%
Holdings
2888
Volume · 30D
0M sh
NAV per share
$69.40
52W range
low $60.89high $72.93

The ETF.net AVEE Grade

B

69/ 100

Rank 7 of 28 in Emerging Markets Active Equity⁠

Confidence Medium

Six-pillar profile for AVEE. Scores out of 100: Cost 74, Risk 44, Mission not scored, Tradability 73, Holdings 91, Durability 59. Strongest: Holdings (91). Weakest: Risk (44). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B 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 74
    Category rank8/28 · top 29%

  • 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.
    CScore 44
    Category rank22/28 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 73
    Category rank10/28 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 91
    Category rank1/26 · top 4%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank11/28 · top 39%

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

Our read on AVEE

ETF.net Research

BAvantis takes its emerging-markets playbook down to the small end: roughly 2,700 small caps, systematically tilted toward cheaper, more profitable companies, at a fee below what most active EM funds charge.

Stated mandate

The fund seeks long-term capital appreciation through a broad emerging-markets small-cap equity portfolio.

Why people hold it

  1. 010.42% a year for active management in the hardest corner of global equities, below the typical fee in its active emerging-markets group.
  2. 02Roughly 2,700 holdings, so diversification does the work instead of a few concentrated country or company bets.
  3. 03Active, not an index clone: it uses the MSCI Emerging Markets Small Cap universe as a reference and tilts toward stocks with lower prices and higher profitability.res.avantisinvestors.com
  4. 04The small-cap specialist on a shelf that includes AVEM and AVXC, and one of the better-built portfolios in its active EM peer group.

Worth knowing

  1. 01Thinly traded next to the big emerging-markets funds, so spreads can widen, particularly when local markets overseas are closed.
  2. 02Emerging-market small caps are the volatile end of a volatile asset class: currency moves, thin local liquidity and country-level shocks all land in this portfolio.
  3. 03Launched in 2023, so its live record is short compared with the older Avantis funds sitting beside it. Distributions are paid quarterly.

AVEE Holdings

As of Sep 22, 2026, 9:42 PM
Asset class
Stocks
Holdings
2,888
Top-10 weight
4%
Largest holding
2337.TW0.6%

Sectors

  • Technology23.8%
  • Industrials18.1%
  • Consumer Discr.11.4%
  • Financials10.2%
  • Materials10.1%
  • Health Care7.8%
  • Cons. Staples5.8%
  • Real Estate4.2%
  • Communication3.9%
  • Utilities2.7%
  • Energy2.0%

Geography

  • Taiwan (Province of China)30.27%
  • Korea (the Republic of)17.89%
  • India13.39%
  • China9.02%
  • Brazil4.89%
  • Hong Kong4.34%
  • South Africa3.48%
  • Saudi Arabia2.40%
  • Other countries (24)14.32%

Developed 5% · Emerging 95% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 200.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012337.TWMACRONIX INTERNATIONAL CO COMMON STOCK TWD10.00.56%198,000$773K49
002011070.KSLG INNOTEK CO LTD COMMON STOCK KRW5000.00.53%1,909$740K71
0033105.TWOWIN SEMICONDUCTORS CORP COMMON STOCK TWD10.00.41%36,000$572K41
004298040.KSHYOSUNG HEAVY INDUSTRIES COR COMMON STOCK KRW5000.00.41%259$564K84
0056274.TWOTAIWAN UNION TECHNOLOGY CORP COMMON STOCK TWD10.00.40%12,000$559K44
0066223.TWOMPI CORP COMMON STOCK TWD10.00.38%3,000$533K70
0076257.TWSIGURD MICROELECTRONICS CORP COMMON STOCK TWD10.00.38%66,000$531K42
0083026.TWHOLY STONE ENTERPRISE CO LTD COMMON STOCK TWD10.00.35%19,000$487K27
0093189.TWKINSUS INTERCONNECT TECH COMMON STOCK TWD10.00.35%17,838$480K48
0108358.TWOCO TECH DEVELOPMENT CORP COMMON STOCK TWD10.00.35%30,000$478K32
0113264.TWOARDENTEC CORP COMMON STOCK TWD10.00.34%52,000$475K34
0122331.HKLI NING CO LTD COMMON STOCK HKD.10.34%285,000$467K74
0133260.TWOA DATA TECHNOLOGY CO LTD COMMON STOCK TWD10.00.34%37,000$467K36
0146147.TWOCHIPBOND TECHNOLOGY CORP COMMON STOCK TWD10.00.33%64,000$464K35
0152377.TWMICRO STAR INTERNATIONAL CO COMMON STOCK TWD10.00.32%92,000$449K49

Showing 1–15 of 2992 holdings

AVEE Performance

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

AVEE$10,943
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. AVEE $10,943. SPY $11,723. Use the arrow keys to read each point.$9,236$10,592$11,949Sep 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 AVEE. Periods over one year show the average yearly return.
PeriodAVEE
Year to date+13.0%
1 month+2.9%
3 months−2.2%
1 year+9.4%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 AVEE
YearReturn barAVEE
2026 YTD+13.0%
2025+19.8%
2024+2.9%
2023+7.3%

History from Nov 9, 2023

AVEE in the news

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

AVEE 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.
2.92%Last 12 months
Payout per share
$2.03Last 12 months
Last payment
$0.49 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 $0.21; Jun 24, 2024 $0.44; Dec 17, 2024 $1.30; Jun 24, 2025 $0.37; Dec 16, 2025 $1.04; Mar 10, 2026 $0.04; Jun 9, 2026 $0.46; Sep 8, 2026 $0.49. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 8, 2026Sep 10, 2026$0.49
Jun 9, 2026Jun 11, 2026$0.46
Mar 10, 2026Mar 12, 2026$0.04
Dec 16, 2025Dec 18, 2025$1.04
Jun 24, 2025Jun 26, 2025$0.37
Dec 17, 2024Dec 19, 2024$1.30
Jun 24, 2024Jun 26, 2024$0.44
Dec 18, 2023Dec 21, 2023$0.21

AVEE Risk

How much the fund’s monthly returns vary, scaled to a year.
15.1%
Annualised · 33 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.
0.63
vs 3-month T-bills · 33 months 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.
−20.2%
34 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.
0.72
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.

AVEE Cost

Expense ratio0.42%
  • The middle half of Emerging Markets Active Equity funds
  • Median 0.65%

7 of the 27 Emerging Markets Active Equity funds charge less.

AVEE costs $42.00 a year on $10,000. The median Emerging Markets Active Equity fund costs $65.00.