AVDE vs CGIE

AVDEAAvantis International Equity ETF

CGIEBCapital Group International Equity ETF

In short

AVDE Active management at almost-index prices: Avantis runs roughly 3,300 developed-market stocks outside the US without tracking a benchmark, for 0.23% a year. One of the strongest implementations in its active international peer group.

CGIE An actively run passport out of the US: roughly 80 international names picked for quality and staying power, free to roam into emerging markets, at a fee below the typical active international ETF.

Stated mandate

AVDE Invests in a broad range of stocks of all sizes across non-U.S. developed countries, with active portfolio management rather than replication of a specified index.

CGIE The fund seeks prudent capital growth and principal preservation through primarily developed-market companies, emphasizing long-term growth potential and resilience in international equities.

Why people hold it

• AVDE 0.23% a year, well under half the typical fee in its active international peer group. Active management usually costs more than this.
• Index-like breadth without an index: about 3,300 stocks of all sizes across non-US developed countries, chosen by managers rather than copied from a benchmark.avantisinvestors.com
• A multi-billion-dollar fund that trades actively, so getting in and out tends to be cheap and easy. It pays out quarterly.
• Sits at the top of a crowded field alongside rivals like DFIC and JIRE, priced within a basis point or two of both.

• CGIE Undercuts the typical fund in its category at 0.54% a year, below the peer median fee.
• Roughly 80 stocks, not a phone book. The mandate advertises a quality focus and pairs long-term growth potential with principal preservation.capitalgroup.com
• The passport covers developed and emerging markets, so managers can follow a business wherever it happens to be listed.capitalgroup.com
• Plain plumbing: a standard 1940 Act fund from Capital Group, already a multi-billion-dollar fund, and it sits in the upper half of its active international peer group.

Worth knowing

• AVDE Developed markets only. Emerging markets are a separate purchase if you want them.
• No index to grade the manager against, so results come down to Avantis's own portfolio calls rather than a published benchmark.
• It is all-equity and all-foreign: stock market swings plus currency moves both show up in the price.

• CGIE Cheap it is not next to the systematic crowd: AVDE (0.23%) and DFIC (0.22%) charge less than half as much, so the stock picking here has to earn its keep.
• Concentration cuts both ways. With about 80 holdings, single companies and countries carry more weight than in a thousand-stock index fund.
• Launched in 2023, so the record is short, and it pays distributions once or twice a year rather than monthly.

Full AVDE profile⁠

Full CGIE profile⁠