AVDV vs BINV

AVDVAAvantis International Small Cap Value ETF

BINVCBrandes International ETF

In short

AVDV Foreign small-cap value is the thin, overlooked corner of the world market. AVDV works it with index-like breadth, roughly 1,700 overseas small caps screened for cheap prices and real profits, at a fee well under its peer group's median.

BINV A 2023 launch that puts the Brandes value discipline in an ETF wrapper: roughly 70 non-US stocks, developed and emerging, picked one company at a time with no index underneath.

Stated mandate

AVDV Seeks long-term capital appreciation by investing in non-U.S. developed small-cap companies selected for low valuations and higher profitability ratios.

BINV The fund seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies.

Why people hold it

• AVDV Charges 0.36% a year, well under the median for active international value funds and below peers like JIVE (0.55%) and FEOE (0.50%).
• Holds roughly 1,700 non-US developed small caps and stacks a profitability screen on top of the value screen, aimed at the cheap-for-a-reason names.avantisinvestors.com
• Live since 2019 and now a multi-billion-dollar fund that changes hands readily, which matters when the underlying holdings are small foreign stocks.
• One of the stronger builds in its active international value group: broad, cheap, and rules-driven rather than a manager's hunch list.avantisinvestors.com

• BINV Genuinely active, not an index sleeve: about 70 non-US names selected under Brandes' declared Active Value approach.brandes.com
• The mandate spans developed and emerging markets, so bargains can be sourced anywhere outside the US rather than in one fenced-off region.
• Stands in the upper half of its active international value peer group, a cohort packed with well-built competitors.
• Distributions arrive on a quarterly cadence.

Worth knowing

• AVDV Small caps abroad plus a value tilt can swing harder than big-name international funds, and currency moves flow straight through to results.avantisinvestors.com
• Actively managed with no index to replicate, so holdings follow Avantis' models. MSCI World ex-USA Small Cap is the yardstick, not the blueprint.avantisinvestors.com
• Developed markets only, and it pays quarterly rather than monthly. For overseas large-cap value, sibling fund AVIV runs 0.25%.

• BINV 0.70% a year sits above the 0.65% median for its peer group and well above systematic rivals like AVIV at 0.25%. Stock selection is what the fee buys.
• Thinly traded, so bid/ask spreads and order type carry more weight here than in a giant index fund.
• Launched in 2023 and still modest in size, which leaves a short live record to judge the approach by.

Full AVDV profile⁠

Full BINV profile⁠