AVGE vs MNVT

AVGEAAvantis All Equity Markets ETF

MNVTDMoonvest 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.

MNVT Moonvest runs a contrarian global stock mandate written into its prospectus: lean against the crowd instead of hugging the world index. Actively managed, launched in 2026, and priced at 0.75% in a category stocked with cheap index rivals.

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.

MNVT The Fund seeks long-term 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.

• MNVT The contrarian tilt is a stated mandate, not marketing copy. The prospectus defines a global, all-equity strategy aimed at long-term capital appreciation.
• Genuinely global remit. The manager can hunt across markets rather than working inside a US-only fence.
• Plain 1940 Act ETF plumbing: an open-end fund you buy in any brokerage account, with 1099 tax reporting instead of a partnership 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.

• MNVT At 0.75%, it costs more than the median fund in its global equity group, and broad rivals run far cheaper (GSWO at 0.15%, AVGE at 0.25%). You pay for manager judgment.
• It launched in 2026, so there is little history to judge, and our risk read rests on a short window. It currently sits in the lower half of its active global equity peers.
• Smaller fund, lighter trading. Bid-ask spreads can run wider than the category's giants, which matters most on large or hurried orders.

Full AVGE profile⁠

Full MNVT profile⁠