AVDE vs EDGI

AVDEAAvantis International Equity ETF

EDGID3EDGE Dynamic 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.

EDGI An actively run international stock fund with a two-part job written into its prospectus: pursue gains when markets rise, limit losses when they fall. Priced like an active manager in a cohort full of cheap trackers.

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.

EDGI The Fund pursues capital appreciation in rising markets while seeking to limit losses during market declines.

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.

• EDGI The dual mandate is in the prospectus, not just the marketing: pursue capital appreciation in rising markets while seeking to limit losses during declines. A different job than index-tracking.
• Active by design, so managers can reshape international exposure as conditions change rather than holding whatever a benchmark dictates.
• Conventional 1940 Act fund wrapper: the same daily-liquidity plumbing as mainstream ETFs, and a 1099 at tax time instead of a partnership K-1.

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.

• EDGI Fees run 0.97% a year, above the typical international active equity fund and several times what cohort leaders AVDE (0.23%) and DFIC (0.22%) charge.
• It opened in October 2024, so there is not yet a long record showing how the loss-limiting side of the mandate behaves across a full market cycle.
• A small asset base and light trading volume tend to show up as wider bid-ask spreads than the cohort's giants carry.

Full AVDE profile⁠

Full EDGI profile⁠