AVGE vs YOKE

AVGEAAvantis All Equity Markets ETF

YOKEBYOKE Core 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.

YOKE A go-anywhere global stock fund with no index to hug: Yoke tilts toward momentum and quality and can shift across sectors, regions and market caps. Active ambition at 0.31%, below the typical fee in its category.

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.

YOKE The Fund seeks capital appreciation through an actively managed, dynamic tactical allocation portfolio spanning domestic and international equity markets. It uses stocks, ETFs, REITs, ADRs and GDRs, with exposures that may shift across sectors, regions and market capitalizations.

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.

• YOKE Cheap for a stock-picker: 0.31%, with gross and net identical and no waiver propping it up, and below the category median. iShares' active BFLX charges 0.40%.
• Genuinely active: stocks, ETFs, REITs, ADRs and GDRs across US and developed overseas markets, with momentum and quality tilts that can shift by sector, region and size.
• Stands in the top quartile of a crowded field of active global equity funds, helped by what it holds and what it charges. It also pays distributions quarterly.

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.

• YOKE Thinly traded and a smaller fund, so bid-ask spreads can run wider than on the giant index names.
• Young: it launched in February 2025, so the risk picture rests on about a year of live data.
• No index to check the manager against. Results ride on the sub-adviser's tactical calls rather than a published rulebook.sec.gov

Full AVGE profile⁠

Full YOKE profile⁠