AVGE vs CDIG

AVGEAAvantis All Equity Markets ETF

CDIGDCity Different Investments Global Equity ETF

In short

AVGE Avantis's whole-world equity portfolio in one ticker: a fund built from its own factor ETFs across US, developed and emerging markets, tilted toward smaller and cheaper stocks, at 0.23% a year with no waiver involved.

CDIG A go-anywhere global stock picker from a boutique shop, launched in 2025 into a cohort ruled by cheap systematic giants. Active, unconstrained, 0.75%, and still writing its first chapter.

Stated mandate

AVGE The fund seeks long-term capital appreciation through a broadly diversified equity portfolio. It invests directly or through Avantis ETFs and emphasizes companies expected to offer higher returns or better risk characteristics than a passive, market-cap-weighted index.

CDIG The Fund seeks capital appreciation.

Why people hold it

• AVGE One ticker, the whole map: it owns a series of other Avantis ETFs spanning US, developed international and emerging markets.avantisinvestors.com
• 0.23% a year, below the typical global active equity fund, and that is the real number, not a temporary waiver.
• No closet indexing. The mandate emphasizes companies Avantis expects to offer higher returns or better risk traits than a passive, cap-weighted index.ifa.com
• Sits among the strongest implementations in its global active equity peer group, and it pays shareholders quarterly.

• CDIG No index to hug. The mandate is capital appreciation from stocks anywhere in the world, so the manager can move across regions without a benchmark leash.
• One ticker for the whole equity map: US and non-US in a single holding instead of bolting together separate regional funds.
• Plain plumbing. A registered 1940 Act ETF with no structural flags on file, meaning a 1099 at tax time rather than a K-1.

Worth knowing

• AVGE At the fund level you hold a handful of Avantis ETFs, so the stock-level diversification is look-through and one firm's research drives the entire stack.avantisinvestors.com
• The prospectus targets roughly 70% US equity (band 63% to 77%), so the geographic mix follows Avantis's policy rather than global market weights.ifa.com
• A close sibling, AVTM, covers total equity markets at 0.22% with no waiver attached.

• CDIG The fee is 0.75%, above the median for active global equity and several times what systematic peers charge, such as GSWO at 0.15% and DFAW at 0.24%.
• It launched in September 2025, so the track record is thin. There is a prospectus to read, not years of results to weigh.
• Small and lightly traded, which usually means wider bid/ask spreads. Limit orders and steering clear of the opening and closing minutes are standard practice here.

Full AVGE profile⁠

Full CDIG profile⁠