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AVES

GradeANew York Stock Exchange Arca

Avantis Emerging Markets Value ETF

Factor & Screened Index · Avantis · Inception 2021-09-28 · SEC filings

$65.39−1.06 (−1.60%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Sep 30, 2021.
Intraday session: down, 37 prints from 66.46 to 65.39. Range 65.17 to 65.84. Use the arrow keys to read each point.$65.20$65.60$65.8010 AM12 PM2 PM4 PM
Expense ratio
0.36%
Fund size
$1.6B
1Y return
+19.4%
Yield · Last 12 months
3.36%
Holdings
1955
Volume · 30D
0.1M sh
NAV per share
$66.40
52W range
low $55.31high $69.06

The ETF.net AVES Grade

A

72/ 100

Rank 2 of 20 in Emerging Markets Multifactor⁠

Confidence Medium

Six-pillar profile for AVES. Scores out of 100: Cost 71, Risk 46, Mission not scored, Tradability 94, Holdings 90, Durability 61. Strongest: Tradability (94). Weakest: Risk (46). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 72 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 71
    Category rank6/20 · top 30%

  • 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 46
    Category rank13/19 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 94
    Category rank1/20 · top 5%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 90
    Category rank2/20 · top 10%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 61
    Category rank9/20 · top 45%

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

Our read on AVES

ETF.net Research

AAvantis starts with the emerging markets universe and tilts it: cheap valuations, profitable companies, roughly 1,800 names from megacaps down to small caps. Broad EM exposure with a deliberate value-and-quality slant, priced under the typical multifactor rival.

Stated mandate

The fund seeks long-term capital appreciation.

Why people hold it

  1. 01Charges 0.36% a year, below the 0.48% median for emerging markets multifactor funds. EM is where fee gaps usually run widest.
  2. 02Two screens, not one: it tilts toward cheap valuations and toward high profitability, so the deep-value bucket gets a quality filter on the way in.res.avantisinvestors.com
  3. 03Roughly 1,800 holdings across the MSCI Emerging Markets IMI Value opportunity set, meaning small caps ride along rather than getting screened out.
  4. 04Portfolio build sits in the top quartile of its EM multifactor peer group in our review, and the fund is a multi-billion-dollar, regularly traded name.

Worth knowing

  1. 01Value in emerging markets means leaning into cheaper, cyclical corners of the market, plus currency swings. A bumpier ride than a plain broad EM index.
  2. 02Cost is not the floor here: peer EMGF runs a multifactor EM portfolio for 0.26%, ten basis points less.
  3. 03Launched in 2021, so its live record is shorter than the older EM factor funds it lines up against.

AVES Holdings

As of Sep 22, 2026, 9:42 PM
Asset class
Stocks
Holdings
1,955
Top-10 weight
11%
Largest holding
ASX1.6%

Sectors

  • Financials27.2%
  • Technology20.1%
  • Industrials13.1%
  • Consumer Discr.10.1%
  • Materials8.4%
  • Communication5.3%
  • Energy4.8%
  • Cons. Staples4.1%
  • Health Care3.2%
  • Real Estate2.1%
  • Utilities1.6%

Geography

  • Taiwan28.13%
  • South Korea20.87%
  • China13.31%
  • India11.65%
  • Hong Kong4.59%
  • Brazil4.10%
  • South Africa3.35%
  • Saudi Arabia2.26%
  • Other countries (20)11.75%

Developed 5% · Emerging 95% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 133.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ASXASE TECHNOLOGY HOLDING ADR ADR1.61%587,151$26M40
0022881.TWFUBON FINANCIAL HOLDING CO COMMON STOCK TWD10.01.26%4,093,859$20M100
0033481.TWINNOLUX CORP COMMON STOCK TWD10.01.19%11,641,868$19M84
004086790.KSHANA FINANCIAL GROUP COMMON STOCK KRW5000.01.19%190,293$19M103
005066570.KSLG ELECTRONICS INC COMMON STOCK KRW5000.01.15%121,245$18M90
006SHGSHINHAN FINANCIAL GROUP ADR ADR0.96%186,070$15M23
007KBKB FINANCIAL GROUP INC ADR ADR0.93%114,327$15M28
0082882.TWCATHAY FINANCIAL HOLDING CO COMMON STOCK TWD10.00.93%4,117,624$15M103
0092303.TWUNITED MICROELECTRONICS CORP COMMON STOCK TWD10.00.90%2,845,000$14M112
010316140.KSWOORI FINANCIAL GROUP INC COMMON STOCK KRW5000.00.90%539,559$14M94
0112887.TWTS FINANCIAL HOLDING CO LTD COMMON STOCK TWD10.00.80%9,164,728$13M95
012000270.KSKIA CORP COMMON STOCK KRW5000.00.78%139,720$12M101
0130175.HKGEELY AUTOMOBILE HOLDINGS LT COMMON STOCK HKD.020.77%5,990,000$12M100
0144958.TWZHEN DING TECHNOLOGY HOLDING COMMON STOCK TWD10.00.74%775,000$12M83
0153231.TWWISTRON CORP COMMON STOCK TWD10.00.73%1,936,000$12M92

Showing 1–15 of 1989 holdings

AVES Performance

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

AVES$11,943
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. AVES $11,943. SPY $11,723. Use the arrow keys to read each point.$9,318$10,864$12,410Sep 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 AVES. Periods over one year show the average yearly return.
PeriodAVES
Year to date+15.9%
1 month+2.9%
3 months−1.5%
1 year+19.4%
3 years+19.6%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 AVES
YearReturn barAVES
2026 YTD+15.9%
2025+30.5%
2024+4.5%
2023+16.8%
2022−16.0%
2021+1.3%

History from Sep 30, 2021

AVES in the news

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

AVES 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.
3.36%Last 12 months
Payout per share
$2.23Last 12 months
Last payment
$0.62 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2021–2026

One bar per payment. 12 payments from 2021 to 2026 YTD. Dec 16, 2021 $0.32; Jun 21, 2022 $0.48; Dec 15, 2022 $1.03; Jun 20, 2023 $0.49; Dec 18, 2023 $1.33; Jun 24, 2024 $0.48; Dec 17, 2024 $1.41; Jun 24, 2025 $0.74; Dec 16, 2025 $1.10; Mar 10, 2026 $0.07; Jun 9, 2026 $0.44; Sep 8, 2026 $0.62. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 8, 2026Sep 10, 2026$0.62
Jun 9, 2026Jun 11, 2026$0.44
Mar 10, 2026Mar 12, 2026$0.07
Dec 16, 2025Dec 18, 2025$1.10
Jun 24, 2025Jun 26, 2025$0.74
Dec 17, 2024Dec 19, 2024$1.41
Jun 24, 2024Jun 26, 2024$0.48
Dec 18, 2023Dec 21, 2023$1.33
Jun 20, 2023Jun 23, 2023$0.49
Dec 15, 2022Dec 20, 2022$1.03
Jun 21, 2022Jun 24, 2022$0.48
Dec 16, 2021Dec 21, 2021$0.32

AVES Risk

How much the fund’s monthly returns vary, scaled to a year.
14.1%
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.
0.98
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.
−27.4%
59 months · 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.
0.97
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.

AVES Cost

Expense ratio0.36%
  • The middle half of Emerging Markets Multifactor funds
  • Median 0.47%

6 of the 20 Emerging Markets Multifactor funds charge less.

AVES costs $36.00 a year on $10,000. The median Emerging Markets Multifactor fund costs $47.00.