AVDV vs DTAN

AVDVAAvantis International Small Cap Value ETF

DTANCSparkline International Intangible Value 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.

DTAN Old-school value screens run on book value, which shrugs at brands, patents and know-how. DTAN takes Sparkline's intangible-adjusted value model overseas, actively picking non-US stocks on an intrinsic value that tries to count the invisible assets.

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.

DTAN The Fund seeks capital appreciation. It invests at least 80% of assets plus investment borrowings in publicly listed non-U.S. equities selected against the Sub-Adviser’s proprietary intangible-augmented intrinsic-value measure.

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

• DTAN The screen is the whole product: at least 80% of assets in non-US listed equities chosen against an intangible-augmented intrinsic-value measure, not book value alone.
• 0.55% for active, boutique-quant international value sits under the typical fee in its peer group and matches JPMorgan's JIVE.
• Not a one-off experiment: Sparkline runs the same intangibles model across US, US small-cap, international and emerging-market funds.sec.gov
• Lands in the upper half of the active international value ETFs we cover, and it distributes quarterly.

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%.

• DTAN A small fund that trades lightly, so spreads and market-order fills can be less friendly than at the category's heavyweights.
• No index to hold it to. Outcomes ride on the sub-adviser's proprietary model, and a 2024 launch leaves a short record to study.
• Cheaper neighbors exist in the same aisle: Avantis' AVIV at 0.25% and AVDV at 0.36% take a rules-based route to international value.

Full AVDV profile⁠

Full DTAN profile⁠