AVEM vs BREE

AVEMAAvantis Emerging Markets Equity ETF

BREECMFS Blended Research Emerging Markets Equity ETF

In short

AVEM Emerging markets taken whole: roughly 3,900 stocks, large down to small, with an active tilt toward cheaper and more profitable companies. Avantis charges about half the typical active EM fee to do it.

BREE Active emerging-markets stock picking at a near-index price: 0.44% a year, below what most active EM funds charge, with the MSCI Emerging Markets Index as the yardstick. It opened in 2026, so the fee is proven and the record isn't yet.

Stated mandate

AVEM Seeks long-term capital appreciation by investing in a broad range of companies across emerging-market countries and all market capitalizations.

BREE The fund seeks capital appreciation through an actively managed portfolio of equity securities issued by companies economically tied to emerging-market countries.

Why people hold it

• AVEM Fee is 0.33% a year against a 0.65% median for active emerging-markets funds, so the active tilt starts from a low-cost base.
• Owns roughly 3,900 names across the MSCI Emerging Markets IMI universe, including small caps, rather than a short stock-picker's list.avantisinvestors.com
• Active, but rules-driven: the portfolio leans toward lower valuations and higher profitability instead of relying on manager hunches.
• Running since 2019 and now a multi-billion-dollar, actively traded fund. One of the strongest implementations in its emerging-markets peer group.

• BREE 0.44% a year for active EM management, under the typical active emerging-markets fee and cheaper than several funds measured against the same MSCI EM benchmark (CGNG, EMSF).
• Actively run, not index-replicating: managers seek capital appreciation from companies economically tied to emerging markets, in weights MSCI EM doesn't dictate.
• A plain 1940 Act equity fund. No leverage, no exotic wrapper, no structural quirks to decode. The portfolio is the whole story.

Worth knowing

• AVEM Emerging-market equity is a bumpy asset class, and returns arrive in dollars, so local currency swings add a second layer of movement.
• The value and profitability tilts are the whole point, which means the fund is built to drift from a plain market-cap EM index, sometimes for long stretches.
• No China carve-out: this one takes the full EM opportunity set. Avantis runs AVXC on the same approach for those who want it without China.

• BREE It launched in 2026. The live record is short, and risk readings rest on limited history rather than a full market cycle.
• Young, small funds trade thinner than the EM index giants, so bid-ask spreads run wider. Limit orders matter more here than in a mega-fund.
• The mandate targets capital appreciation, not income, and the fund has not been making regular distributions.

Full AVEM profile⁠

Full BREE profile⁠