AVES vs TLTE: Grades, Fees and Holdings Compared

Avantis Emerging Markets Value ETF

AVESANYSE Arca

Northern Trust Morningstar Emerging Markets Factor Tilt ETF

TLTEDNYSE Arca

Overlap

21.8%by weight

Expense ratio

AVES −0.21pt a year

AVES0.36%TLTE0.57%

Avg volume · 30D

AVES 15.3×the volume

AVES99.4KTLTE6.52K

5Y return · a year

AVES +0.7pt

AVES+7.3%TLTE+6.6%

AVES vs TLTE Performance

Nov 9, 2021 – Nov 9, 2026

+42.5%AVES+37.6%TLTE

Expense ratio: AVES 0.36%, better; TLTE 0.57%
Fund size: AVES $1.45B; TLTE $312M
1Y total return: AVES +8.1%; TLTE +13.2%, better
Yield (12M): AVES 3.70%, better; TLTE 3.57%
Holdings: AVES 2007; TLTE 2943
Avg volume (30D): AVES 99.4K sh, better; TLTE 6.52K sh
NAV per share: AVES $58.84; TLTE $67.89
52W range

ETF.net Grade

Pillar letters and Scores for AVES, TLTE, with each pillar’s weight
Pillar	AVES	TLTE
Cost30% weight	B68Higher	F16
Mission25% weight	Not scored	A100
Risk15% weight	C51Higher	C44
Tradability15% weight	A92Higher	D27
Holdings10% weight	A90Higher	B57
Durability5% weight	B57	B63Higher

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. AVES and TLTE are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.

Emerging Markets Multifactor⁠

Category · 20 funds

See all 20 ›

AVES ranks 2nd and TLTE 17th of 20 funds in the Emerging Markets Multifactor Category.

Rank 1AEMGFiShares Emerging Markets Equity Factor ETFScore 76
Rank 2AAVESAvantis Emerging Markets Value ETFScore 71
Rank 2AFDEMFidelity Emerging Markets Multifactor ETFScore 71
Rank 17DFEMSFirst Trust Emerging Markets Small Cap AlphaDEX FundScore 32
Rank 17DTLTENorthern Trust Morningstar Emerging Markets Factor Tilt ETFScore 32
Rank 19DFTHFFirst Trust Emerging Markets Human Flourishing ETFScore 26
VEEMNot yet graded

Our read on each fund

ETF.net Research

AVESAAvantis Emerging Markets Value ETF

TLTEDNorthern Trust Morningstar Emerging Markets Factor Tilt ETF

In short

AVES Avantis starts with the emerging markets universe and tilts it: cheap valuations, profitable companies, roughly 1,800 names from megacaps down to small caps. Broad EM exposure with a deliberate value-and-quality slant, priced under the typical multifactor rival.

TLTE Most emerging-market factor funds cut the universe down to a few hundred names. TLTE keeps roughly 3,000 stocks and simply leans the weights toward small-cap and value. A tilt, not a screen.

Stated mandate

AVES The fund seeks long-term capital appreciation.

TLTE The Fund seeks to track the price and yield performance of the Morningstar Emerging Markets Factor Tilt Index, providing exposure to emerging-market stocks with an emphasis on small-capitalization and value characteristics.

Why people hold it

AVES Charges 0.36% a year, below the 0.48% median for emerging markets multifactor funds. EM is where fee gaps usually run widest.
Two screens, not one: it tilts toward cheap valuations and toward high profitability, so the deep-value bucket gets a quality filter on the way in.avantisinvestors.com
Roughly 1,800 holdings across the MSCI Emerging Markets IMI Value opportunity set, meaning small caps ride along rather than getting screened out.
Portfolio build sits in the top quartile of its EM multifactor peer group in our review, and the fund is a multi-billion-dollar, regularly traded name.

TLTE A tilt, not a screen: it holds roughly 3,000 emerging-market stocks and overweights the small-cap and value ones rather than cutting names out of the portfolio.sec.gov
Morningstar sorts each stock into one of 12 size-and-style boxes, then tilts the weights. Published rules, semi-annual reconstitution, no manager hunches.sec.gov flexshares.com
Label and portfolio line up: broad emerging-market equity with the advertised small-cap and value lean, and it pays quarterly.
Live since 2012, which makes it one of the longer-running factor-tilt options in emerging markets.flexshares.com

Worth knowing

AVES Value in emerging markets means leaning into cheaper, cyclical corners of the market, plus currency swings. A bumpier ride than a plain broad EM index.
Cost is not the floor here: peer EMGF runs a multifactor EM portfolio for 0.26%, ten basis points less.
Launched in 2021, so its live record is shorter than the older EM factor funds it lines up against.

TLTE Cost is the trade-off: 0.57% net of a waiver through March 1, 2027 (0.58% gross), above the category median. EMGF charges 0.26% and FDEM 0.25%.
Thinly traded, so spreads can run wider than at the category's headline names and size orders can nudge the price.
Leaning into small and micro caps stacks extra volatility and liquidity risk on top of the usual currency and single-country swings, as the prospectus spells out.sec.gov

Full AVES profile⁠

Full TLTE profile⁠

AVES vs TLTE Holdings

How AVES and TLTE differ

Overlap by weight

21.8%

Shared holdings make up 83.5% of AVES and 32.0% of TLTE.

Level by level

Holdings902 in both21.8%
Sector11 Sectors85.1%
Countryby domicile91.7%
Asset classStocks100%

Sector

Sector weights in AVES and TLTE, widest gap first
Sector	Gap	AVES	TLTE
Technology	TLTE +12.1 points	16.5%	28.6%
Financials	AVES +7.2 points	28.9%	21.7%
Industrials	AVES +2.4 points	12.5%	10.1%
Real Estate	TLTE +1.9 points	2.1%	4.0%
Communication	AVES +1.5 points	6.1%	4.6%
Materials	AVES +1.3 points	8.5%	7.2%
Energy	AVES +1.4 points	5.1%	3.7%
Consumer Discretionary	AVES +1.0 points	11.5%	10.5%
Utilities	TLTE +0.8 points	1.7%	2.5%
Health Care	AVES +0.1 points	3.2%	3.0%
Consumer Staples	TLTE +0.1 points	4.0%	4.1%

Country, concentration and asset class

Country by domicile

Country weights in AVES and TLTE, widest gap first
Country	Gap	AVES	TLTE
India	AVES +2.8 points	14.2%	11.4%
Taiwan	AVES +2.6 points	27.9%	25.3%
South Korea	TLTE +1.6 points	20.7%	22.3%
South Africa	TLTE +1.4 points	4.5%	5.9%
Poland	AVES +1.4 points	1.4%	0.0%
Brazil	TLTE +1.3 points	3.8%	5.1%
United States	AVES +0.9 points	1.2%	0.3%
Malaysia	TLTE +0.9 points	1.2%	2.1%
Other countries (15)	TLTE +2.4 points	25.2%	27.6%

Outside the US: AVES 1% developed, 99% emerging. TLTE 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

AVES9.8%
TLTE22.6%

Securities held

AVES1,994
TLTE2,918

Asset class

AVES: Stocks
TLTE: Stocks

Holdings

Only in AVES1,092
In both902
Only in TLTE2,016

Only in AVES

1,092 securities, 15.8% of AVES by weight

Ase Technology Holding Adr Adr1.27%
Kb Financial Group Inc Adr Adr0.90%
Shinhan Financial Group Adr Adr0.81%
Vale SA Sp Adr Adr0.59%
Netease Inc Adr Adr USD.00010.51%
Infosys Ltd Sp Adr Adr0.44%
Sk Telecom Co Ltd Spon Adr Adr0.39%
Orlen SA Common Stock PLN1.250.35%
Chunghwa Telecom Lt Spon Adr Adr0.32%
Gold Fields Ltd Spons Adr Adr0.32%
Vipshop Holdings Ltd Adr Adr USD.00010.28%
3SBIO Inc Common Stock USD.000010.24%
Xp Inc Class A Common Stock0.23%
Sasol Ltd Sponsored Adr Adr0.22%
Sibanye Stillwater Ltd Adr Adr0.18%
Banco Bradesco Adr Adr0.17%
Bank Pekao SA Common Stock PLN1.00.16%
Suzano SA Spon Adr Adr0.16%
Grupa Kety SA Common Stock PLN2.50.15%
Alior Bank SA Common Stock PLN10.00.15%
Orange Polska SA Common Stock PLN3.00.14%
Tim SA Adr Adr0.14%
Gerdau SA Spon Adr Adr0.13%
Bank Millennium SA Common Stock PLN1.00.13%
Telkom Indonesia Persero Adr Adr IDR50.00.12%
Vedanta Aluminium Metal Ltd Common Stock INR1.00.11%
State Bank of Indi Gdr Reg’s Gdr0.11%
Ultrapar Particpac Spon Adr Adr0.11%
Axis Bank Ltd Gdr Reg’s Gdr0.10%
Lpp SA Common Stock PLN2.00.10%
Ptt Global Chemical Pcl Nvdr Nvdr THB10.00.09%
Lg Display Co Ltd Adr Adr0.09%
Fomento Economico Mex Sp Adr Adr0.08%
Petroleo Brasil Sp Pref Adr Adr0.08%
Irb Brasil Resseguros SA Common Stock0.08%
Bse Ltd Common Stock INR2.00.07%
Petroleo Brasileiro Spon Adr Adr0.07%
Alpek SA De Cv Common Stock0.07%
Pagseguro Digital Ltd Class A Common Stock USD.0000250.07%
Harmony Gold Mng Spon Adr Adr0.06%
X Trade Brokers Dom Maklersk Common Stock PLN.050.06%
Concord Securities Co Ltd Common Stock TWD10.00.06%
Harim Holdings Co Ltd Common Stock KRW100.00.05%
Concord International Securi Common Stock TWD10.00.05%
Mbank SA Common Stock PLN4.00.05%
Pepco Group NV Common Stock PLN.010.05%
Turkcell Iletisim Hizmet Adr Adr TRY1.00.05%
Embotelladora Andina Pref B Preference0.05%
Zto Express Cayman Inc Adr Adr USD.00010.05%
Banco Santander Chile Adr Adr0.05%

Only in TLTE

2,016 securities, 65.2% of TLTE by weight

Taiwan Semiconductor Manufacturing Co Ltd Common6.43%
Samsung Electronics Co Ltd Common Stock Krw 1004.56%
Sk Hynix Inc Common Stock Krw 50003.31%
Msci Emgmkt Equity Index 18/DEC/2026 MESZ6 Index1.90%
Tencent Holdings Ltd Common Stock Hkd 0.000021.33%
Alibaba Group Holding Ltd Common Stock Hkd1.03%
China Construction Bank Corp Common Stock Hkd 10.94%
Mediatek Inc Common Stock Twd 100.65%
Samsung Electronics Co Ltd Preference Krw 1000.63%
Hon Hai Precision Industry Co Ltd Common Stock Twd0.59%
Industrial & Commercial Bank of China Ltd Common0.55%
Bank of China Ltd Common Stock Hkd 10.45%
Reliance Industries Ltd Common Stock Inr 100.43%
Hdfc Bank Ltd Common Stock Inr 10.38%
Sk Square Co Ltd Common Stock Krw 5000.32%
Bharti Airtel Ltd Common Stock Inr 50.30%
Vale SA Common Stock Brl 00.30%
Ping An Insurance Group Co of China Ltd Common0.30%
Kb Financial Group Inc Common Stock Krw 50000.28%
Itau Unibanco Holding SA Preference Brl 00.28%
Petroleo Brasileiro SA - Petrobras Preference Brl0.27%
Xiaomi Corp Common Stock Hkd 0.00000250.27%
Vukile Property Fund Ltd Reit Zar 00.26%
International Holding Co Pjsc Common Stock Aed 10.26%
Delta Electronics Inc Common Stock Twd 100.25%
Fibra Mty Sapi De Cv Reit Mxn 00.25%
Redington Ltd Common Stock Inr 20.24%
Gold Fields Ltd Common Stock Zar 500.24%
Jd.com Inc - Class A0.24%
Firstrand Ltd Common Stock Zar 10.23%
Ase Technology Holding Co Ltd0.23%
Petroleo Brasileiro SA - Petrobras Common Stock0.23%
Meituan Common Stock Hkd 0.000010.23%
Minsur SA Common Stock Pen 10.22%
Fortress Real Estate Investments Ltd Common Stock0.22%
The Saudi National Bank0.21%
Shinhan Financial Group Co Ltd Common Stock Krw0.21%
Petrochina Co Ltd Common Stock Hkd 10.20%
Doha Bank Qpsc Common Stock Qar 10.20%
Infosys Ltd Common Stock Inr 50.20%
Al Rajhi Bank Common Stock Sar 100.20%
Metalurgica Gerdau SA Preference Brl 00.19%
Alsea Sab De Cv Common Stock Mxn 00.18%
Qatar Insurance Co Saq Common Stock Qar 10.18%
Gs Engineering & Construction Corp Common Stock0.18%
Netease Inc Common Stock Cny 0.00010.18%
Smartfit Escola De Ginastica E Danca SA Common0.18%
Quanta Computer Inc Common Stock Twd 100.18%
Agricultural Bank of China Ltd Common Stock Hkd 10.17%
Hyprop Investments Ltd Reit Zar0.17%

Weight gaps

The 100 widest of 902 Holdings in both funds.

Holding weights in AVES and TLTE, widest gap first
Holding	Gap	AVES	TLTE
Hana Financial Group Common Stock KRW5000.0	AVES +0.98 points	1.15%	0.17%
Fubon Financial Holding Co Common Stock TWD10.0	AVES +0.97 points	1.29%	0.32%
Lg Electronics Inc Common Stock KRW5000.0	AVES +0.84 points	0.92%	0.08%
Woori Financial Group Inc Common Stock KRW5000.0	AVES +0.81 points	0.91%	0.10%
Innolux Corp Common Stock TWD10.0	AVES +0.78 points	0.82%	0.04%
Cathay Financial Holding Co Common Stock TWD10.0	AVES +0.72 points	0.94%	0.22%
Geely Automobile Holdings Lt Common Stock HKD.02	AVES +0.69 points	0.77%	0.08%
Picc Property & Casualty H Common Stock CNY1.0	AVES +0.69 points	0.80%	0.11%
Realtek Semiconductor Corp Common Stock TWD10.0	AVES +0.64 points	0.69%	0.05%
Anta Sports Products Ltd Common Stock HKD.1	AVES +0.62 points	0.68%	0.06%
Cspc Pharmaceutical Group Lt Common Stock	AVES +0.61 points	0.65%	0.04%
Kia Corp Common Stock KRW5000.0	AVES +0.59 points	0.72%	0.13%
Zhen Ding Technology Holding Common Stock TWD10.0	AVES +0.58 points	0.62%	0.04%
Ts Financial Holding Co Ltd Common Stock TWD10.0	AVES +0.53 points	0.74%	0.21%
Uni President Enterprises Co Common Stock TWD10.0	AVES +0.53 points	0.61%	0.08%
Korean Air Lines Co Ltd Common Stock KRW5000.0	AVES +0.51 points	0.54%	0.03%
Mahindra & Mahindra Ltd Common Stock INR5.0	AVES +0.51 points	0.65%	0.14%
Meritz Financial Group Inc Common Stock KRW500.0	AVES +0.49 points	0.54%	0.05%
Coway Co Ltd Common Stock KRW500.0	AVES +0.47 points	0.50%	0.03%
S Oil Corp Common Stock KRW2500.0	AVES +0.46 points	0.48%	0.02%
Ctbc Financial Holding Co Lt Common Stock TWD10.0	AVES +0.46 points	0.77%	0.31%
Wistron Corp Common Stock TWD10.0	AVES +0.45 points	0.56%	0.11%
United Microelectronics Corp Common Stock TWD10.0	AVES +0.44 points	0.58%	0.14%
Emaar Properties Pjsc Common Stock AED1.0	AVES +0.44 points	0.59%	0.15%
Vanguard International Semi Common Stock TWD10.0	AVES +0.43 points	0.45%	0.02%
Hd Korea Shipbuilding & Offs Common Stock KRW5000.0	AVES +0.43 points	0.49%	0.06%
Larsen & Toubro Ltd Common Stock INR2.0	AVES +0.42 points	0.54%	0.12%
United Integrated Services Common Stock TWD10.0	AVES +0.41 points	0.43%	0.02%
Grupo Financiero Banorte O Common Stock MXN3.5	AVES +0.41 points	0.63%	0.22%
Saudi Telecom Co Common Stock SAR10.0	AVES +0.40 points	0.49%	0.09%
China Resources Power Holdin Common Stock	AVES +0.40 points	0.44%	0.04%
Gs Holdings Common Stock KRW5000.0	AVES +0.40 points	0.43%	0.03%
Tata Steel Ltd Common Stock INR1.0	AVES +0.39 points	0.46%	0.07%
Gold Circuit Electronics Ltd Common Stock TWD10.0	AVES +0.39 points	0.43%	0.04%
Korea Investment Holdings Co Common Stock KRW5000.0	AVES +0.38 points	0.41%	0.03%
Li Ning Co Ltd Common Stock HKD.1	AVES +0.38 points	0.41%	0.03%
King Yuan Electronics Co Ltd Common Stock TWD10.0	AVES +0.39 points	0.42%	0.03%
Hd Hyundai Heavy Industries Common Stock KRW5000.0	AVES +0.38 points	0.40%	0.02%
China Mengniu Dairy Co Common Stock HKD.1	AVES +0.38 points	0.44%	0.06%
Sk Innovation Co Ltd Common Stock KRW5000.0	AVES +0.38 points	0.42%	0.04%
China Pacific Insurance Gr H Common Stock CNY1.0	AVES +0.37 points	0.44%	0.07%
Sigurd Microelectronics Corp Common Stock TWD10.0	AVES +0.36 points	0.37%	0.01%
Mtn Group Ltd Common Stock ZAR.0001	AVES +0.36 points	0.51%	0.15%
Samsung Securities Co Ltd Common Stock KRW5000.0	AVES +0.35 points	0.38%	0.03%
Kuaishou Technology Common Stock USD.0000053	AVES +0.36 points	0.43%	0.07%
China Citic Bank Corp Ltd H Common Stock CNY1.0	AVES +0.34 points	0.40%	0.06%
Icici Bank Ltd Common Stock INR2.0	TLTE +0.34 points	0.02%	0.36%
Shriram Finance Ltd Common Stock INR2.0	AVES +0.32 points	0.38%	0.06%
Hyundai Glovis Co Ltd Common Stock KRW500.0	AVES +0.32 points	0.36%	0.04%
China Hongqiao Group Ltd Common Stock USD.01	AVES +0.32 points	0.39%	0.07%
China Petroleum & Chemical H Common Stock CNY1.0	AVES +0.32 points	0.42%	0.10%
Citic Ltd Common Stock	AVES +0.32 points	0.38%	0.06%
China Tower Corp Ltd H Common Stock CNY1.0	AVES +0.31 points	0.35%	0.04%
Winbond Electronics Corp Common Stock TWD10.0	AVES +0.31 points	0.39%	0.08%
International Games System C Common Stock TWD10.0	AVES +0.30 points	0.33%	0.03%
Evergreen Marine Corp Ltd Common Stock TWD10.0	AVES +0.30 points	0.36%	0.06%
Jd Health International Inc Common Stock USD.0000005	AVES +0.30 points	0.32%	0.02%
Eva Airways Corp Common Stock TWD10.0	AVES +0.29 points	0.32%	0.03%
Prio SA Common Stock	AVES +0.29 points	0.35%	0.06%
Hankook Tire & Technology Co Common Stock KRW500.0	AVES +0.29 points	0.31%	0.02%
Samsung Heavy Industries Common Stock KRW1000.0	AVES +0.29 points	0.32%	0.03%
Hcl Technologies Ltd Common Stock INR2.0	AVES +0.28 points	0.35%	0.07%
Bajaj Finance Ltd Common Stock INR1.0	AVES +0.29 points	0.42%	0.13%
China Taiping Insurance Hold Common Stock	AVES +0.28 points	0.30%	0.02%
L+k Engineering Co Ltd Common Stock TWD10.0	AVES +0.28 points	0.30%	0.02%
Sinopac Financial Holdings Common Stock TWD10.0	AVES +0.28 points	0.36%	0.08%
Aac Technologies Holdings In Common Stock USD.01	AVES +0.28 points	0.31%	0.03%
New China Life Insurance C H Common Stock CNY1.0	AVES +0.27 points	0.31%	0.04%
Ntpc Ltd Common Stock INR10.0	AVES +0.27 points	0.34%	0.07%
Hd Hyundai Common Stock KRW1000.0	AVES +0.28 points	0.30%	0.02%
Standard Bank Group Ltd Common Stock ZAR.1	AVES +0.27 points	0.44%	0.17%
People’s Insurance Co Grou H Common Stock CNY1.0	AVES +0.27 points	0.32%	0.05%
Mmg Ltd Common Stock	AVES +0.27 points	0.29%	0.02%
Elite Material Co Ltd Common Stock TWD10.0	AVES +0.26 points	0.41%	0.15%
Industrias Penoles Sab De Cv Common Stock	AVES +0.25 points	0.28%	0.03%
Hindalco Industries Ltd Common Stock INR1.0	AVES +0.24 points	0.35%	0.11%
China Gold International Res Common Stock	AVES +0.24 points	0.27%	0.03%
Tech Mahindra Ltd Common Stock INR5.0	AVES +0.25 points	0.30%	0.05%
Poya International Co Ltd Common Stock TWD1.0	AVES +0.25 points	0.26%	0.01%
National Bank of Kuwait Common Stock KWD.1	AVES +0.24 points	0.35%	0.11%
Jd Logistics Inc Common Stock USD.000025	AVES +0.24 points	0.26%	0.02%
Wt Microelectronics Co Ltd Common Stock TWD10.0	AVES +0.24 points	0.27%	0.03%
Hero Motocorp Ltd Common Stock INR2.0	AVES +0.24 points	0.27%	0.03%
Ardentec Corp Common Stock TWD10.0	AVES +0.24 points	0.25%	0.01%
Tripod Technology Corp Common Stock TWD10.0	AVES +0.24 points	0.27%	0.03%
Powertech Technology Inc Common Stock TWD10.0	AVES +0.24 points	0.25%	0.01%
China International Capita H Common Stock CNY1.0	AVES +0.23 points	0.26%	0.03%
Bosideng Intl Hldgs Ltd Common Stock USD.00001	AVES +0.23 points	0.25%	0.02%
Kiwoom Securities Co Ltd Common Stock KRW5000.0	AVES +0.23 points	0.24%	0.01%
Cosmax Inc Common Stock KRW500.0	AVES +0.23 points	0.24%	<0.01%
Compeq Manufacturing Co Ltd Common Stock TWD10.0	AVES +0.22 points	0.25%	0.03%
Cholamandalam Investment and Common Stock INR2.0	AVES +0.22 points	0.26%	0.04%
Taiwan Mobile Co Ltd Common Stock TWD10.0	AVES +0.22 points	0.25%	0.03%
Qatar National Bank Common Stock QAR1.0	AVES +0.22 points	0.37%	0.15%
Industrial Bank of Korea Common Stock KRW5000.0	AVES +0.22 points	0.25%	0.03%
Taiwan Business Bank Common Stock TWD10.0	AVES +0.23 points	0.25%	0.02%
Absa Group Ltd Common Stock ZAR2.0	AVES +0.22 points	0.30%	0.08%
Huaneng Power Intl Inc H Common Stock CNY1.0	AVES +0.22 points	0.24%	0.02%
Hyundai Steel Co Common Stock KRW5000.0	AVES +0.22 points	0.23%	0.01%
Iteq Corp Common Stock TWD10.0	AVES +0.21 points	0.23%	0.02%

All 1,985 AVES holdings⁠All 3,037 TLTE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVES vs TLTE Cost

Overpaying TLTE vs AVES

$3,951

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AVES 0.36%
$7,320
TLTE 0.57%
$11,271

Amount$10,000

Years30 years

Cost over time

AVES 0.36%
TLTE 0.57%
Overpaying

Year by year

Year	AVES	TLTE	Overpaying
10	$652	$1,023	$371
20	$2,522	$3,921	$1,399
30	$7,320	$11,271	$3,951

Expense ratio

0.36%AVES, cheaper
0.57%TLTE

AVES0.36%TLTE0.57%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

AVES 8th cheapest of 20 funds

TLTE 17th cheapest of 20 funds

AVES vs TLTE Dividends

Last 12 months to Nov 9, 2026

Yield (12M): AVES 3.70%, better; TLTE 3.57%
Payout (12M): AVES $2.23; TLTE $2.50
Last payment: AVES $0.62; TLTE $0.58
Ex-dividend: AVES Sep 8, 2026; TLTE Sep 18, 2026
Paid on: AVES Sep 10, 2026; TLTE Sep 24, 2026
Frequency: AVES Quarterly; TLTE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AVESQuarterly · 12 paymentsAll AVES payments⁠

TLTEQuarterly · 34 paymentsAll TLTE payments⁠

AVES vs TLTE Risk

Fall from peak · 5 years

AVES
TLTE

Risk facts

VolatilityStd dev, 3 years: AVES 14.7%, betterTLTE 15.3%
Return per unit of riskSharpe ratio, 3 years: AVES 0.88TLTE 0.93, better
Worst fallMax drawdown, 5 years: AVES −27.4%, betterTLTE −29.5%
Market sensitivityBeta, 5 years: AVES 1.01TLTE 1.05; Market = 1

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