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AVEM

GradeANew York Stock Exchange Arca

Avantis Emerging Markets Equity ETF

Active Equity · Avantis · Inception 2019-09-17 · SEC filings

$94.86−1.88 (−1.94%)

As of Sep 23, 2026, 3:05 PM EDT

Intraday session: down, 68 prints from 96.73 to 94.86. Range 94.61 to 95.80. Use the arrow keys to read each point.$94.50$95.5010 AM12 PM2 PM4 PM
Expense ratio
0.33%
Fund size
$29.1B
1Y return
+32.0%
Yield · Last 12 months
2.48%
Holdings
3991
Volume · 30D
1.8M sh
NAV per share
$96.28
52W range
low $72.94high $100.83

The ETF.net AVEM Grade

A

84/ 100

Rank 1 of 28 in Emerging Markets Active Equity⁠

Confidence Medium

Six-pillar profile for AVEM. Scores out of 100: Cost 94, Risk 51, Mission not scored, Tradability 98, Holdings 82, Durability 91. Strongest: Tradability (98). Weakest: Risk (51). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 84 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 94
    Category rank1/28 · top 4%

  • 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 51
    Category rank14/28 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 98
    Category rank1/28 · top 4%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 82
    Category rank4/26 · top 15%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 91
    Category rank1/28 · top 4%

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

Our read on AVEM

ETF.net Research

AEmerging markets taken whole: roughly 3,900 stocks, large down to small, with an active tilt toward cheaper and more profitable companies. Avantis charges about half the typical active EM fee to do it.

Stated mandate

Seeks long-term capital appreciation by investing in a broad range of companies across emerging-market countries and all market capitalizations.

Why people hold it

  1. 01Fee is 0.33% a year against a 0.65% median for active emerging-markets funds, so the active tilt starts from a low-cost base.
  2. 02Owns roughly 3,900 names across the MSCI Emerging Markets IMI universe, including small caps, rather than a short stock-picker's list.res.avantisinvestors.com
  3. 03Active, but rules-driven: the portfolio leans toward lower valuations and higher profitability instead of relying on manager hunches.
  4. 04Running since 2019 and now a multi-billion-dollar, actively traded fund. One of the strongest implementations in its emerging-markets peer group.

Worth knowing

  1. 01Emerging-market equity is a bumpy asset class, and returns arrive in dollars, so local currency swings add a second layer of movement.
  2. 02The value and profitability tilts are the whole point, which means the fund is built to drift from a plain market-cap EM index, sometimes for long stretches.
  3. 03No China carve-out: this one takes the full EM opportunity set. Avantis runs AVXC on the same approach for those who want it without China.

AVEM Holdings

As of Sep 22, 2026, 9:42 PM
Asset class
Stocks
Holdings
3,991
Top-10 weight
30%
Largest holding
TSM6.4%

Sectors

  • Technology37.3%
  • Financials20.1%
  • Industrials8.2%
  • Consumer Discr.8.0%
  • Materials7.2%
  • Communication5.1%
  • Energy4.4%
  • Health Care3.2%
  • Cons. Staples2.9%
  • Utilities2.2%
  • Real Estate1.5%

Geography

  • Taiwan28.28%
  • South Korea20.32%
  • China14.89%
  • India11.89%
  • Brazil4.10%
  • South Africa2.95%
  • Hong Kong2.88%
  • Saudi Arabia2.18%
  • Other countries (29)12.51%

Developed 4% · Emerging 96% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 269.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSMTAIWAN SEMICONDUCTOR SP ADR ADR6.45%4,207,212$1.9B268
002000660.KSSK HYNIX INC COMMON STOCK KRW5000.06.24%1,291,268$1.8B184
0032330.TWTAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.05.95%21,642,000$1.7B175
004—SAMSUNG ELECTR GDR REG S GDR5.54%318,209$1.6B15
0050700.HKTENCENT HOLDINGS LTD COMMON STOCK HKD.000021.54%8,070,600$448M153
0062454.TWMEDIATEK INC COMMON STOCK TWD10.01.18%2,121,000$343M162
0070939.HKCHINA CONSTRUCTION BANK H COMMON STOCK CNY1.00.92%214,512,000$267M106
0082303.TWUNITED MICROELECTRONICS CORP COMMON STOCK TWD10.00.78%44,526,000$225M112
009BABAALIBABA GROUP HOLDING SP ADR ADR USD.0000250.74%1,851,994$214M78
0102360.TWCHROMA ATE INC COMMON STOCK TWD10.00.70%2,637,000$203M102
0112317.TWHON HAI PRECISION INDUSTRY COMMON STOCK TWD10.00.66%23,753,000$190M114
012066570.KSLG ELECTRONICS INC COMMON STOCK KRW5000.00.60%1,152,519$173M90
013ASXASE TECHNOLOGY HOLDING ADR ADR0.56%3,708,772$162M40
0143988.HKBANK OF CHINA LTD H COMMON STOCK CNY1.00.55%206,888,000$160M98
0152308.TWDELTA ELECTRONICS INC COMMON STOCK TWD10.00.55%2,607,000$158M154

Showing 1–15 of 4021 holdings

AVEM Performance

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

AVEM$13,199
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. AVEM $13,199. SPY $11,723. Use the arrow keys to read each point.$9,207$11,555$13,902Sep 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 AVEM. Periods over one year show the average yearly return.
PeriodAVEM
Year to date+27.3%
1 month+3.3%
3 months−2.8%
1 year+32.0%
3 years+25.6%per year
5 years+11.4%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 AVEM
YearReturn barAVEM
2026 YTD+27.3%
2025+34.5%
2024+7.5%
2023+15.3%
2022−18.1%
2021+5.2%
2020+14.4%

AVEM in the news

AVEM 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.
2.48%Last 12 months
Payout per share
$2.40Last 12 months
Last payment
$0.65 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2019–2026

One bar per payment. 16 payments from 2019 to 2026 YTD. Dec 23, 2019 $0.19; Jun 23, 2020 $0.35; Dec 17, 2020 $0.64; Jun 22, 2021 $0.44; Dec 16, 2021 $1.21; Jun 21, 2022 $0.52; Dec 15, 2022 $0.87; Jun 20, 2023 $0.58; Dec 18, 2023 $1.14; Jun 24, 2024 $0.57; Dec 17, 2024 $1.30; Jun 24, 2025 $0.72; Dec 16, 2025 $1.16; Mar 10, 2026 $0.06; Jun 9, 2026 $0.53; Sep 8, 2026 $0.65. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 8, 2026Sep 10, 2026$0.65
Jun 9, 2026Jun 11, 2026$0.53
Mar 10, 2026Mar 12, 2026$0.06
Dec 16, 2025Dec 18, 2025$1.16
Jun 24, 2025Jun 26, 2025$0.72
Dec 17, 2024Dec 19, 2024$1.30
Jun 24, 2024Jun 26, 2024$0.57
Dec 18, 2023Dec 21, 2023$1.14
Jun 20, 2023Jun 23, 2023$0.58
Dec 15, 2022Dec 20, 2022$0.87
Jun 21, 2022Jun 24, 2022$0.52
Dec 16, 2021Dec 21, 2021$1.21

AVEM Risk

How much the fund’s monthly returns vary, scaled to a year.
15.4%
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.
1.18
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.
−30.7%
Trough Oct 2022
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.
1.03
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.

AVEM Cost

Expense ratio0.33%
  • The middle half of Emerging Markets Active Equity funds
  • Median 0.65%

No Emerging Markets Active Equity fund charges less.

AVEM costs $33.00 a year on $10,000. The median Emerging Markets Active Equity fund costs $65.00.