AVGV vs CGV

AVGVAAvantis All Equity Markets Value ETF 9

CGVDConductor Global Equity Value ETF

In short

AVGV One ticker for the world's value stocks: AVGV stacks six Avantis value funds into a 60% US, 30% developed, 10% emerging mix, small caps included, for 0.26% all in.

CGV A 2013-vintage global value strategy that moved into an ETF wrapper in 2022. Cheapness alone does not earn a slot here: fundamental, quantitative and technical screens all weigh in, and the book stays compact at roughly 50 names.

Stated mandate

AVGV The fund seeks long-term capital appreciation through a fund-of-funds structure investing in other Avantis ETFs. Those underlying funds are broadly diversified equity portfolios that select or overweight securities expected to offer higher returns or better risk characteristics than a passive market-cap-weighted index.

CGV The actively managed fund seeks long-term risk-adjusted total return. It normally invests at least 80% of assets in equity securities or economically equity-linked investments, selecting securities through technical, fundamental, and quantitative analysis focused on value-oriented criteria.

Why people hold it

• AVGV Holds US large, mid and small value plus developed and emerging value in one ticker, at 60/30/10 target weights the managers can flex within stated ranges.sec.gov
• The 0.26% headline covers the underlying Avantis funds too, and sits below the category median and below SFGV's 0.33% net of a waiver through March 31, 2027.sec.gov
• Small and mid caps ride alongside large caps, so the value tilt reaches corners of the market a large-cap-only value fund leaves out.sec.gov

• CGV Three lenses, not one. Per the prospectus, selection runs on value-oriented criteria screened by technical, fundamental and quantitative analysis, so price action counts too.
• Lived history. The strategy ran as a mutual fund from 2013 and converted into this ETF in 2022, so the process has worked through several market cycles, not just a backtest.tradingview.com
• Built to stay invested and global: normally at least 80% of assets in equities or equity-linked holdings, roughly 50 positions, cash paid out quarterly.

Worth knowing

• AVGV Value and size tilts are built in, so results can diverge from a market-cap global index for long stretches.sec.gov
• Every holding is an Avantis fund, so one firm's definition of value and one team's allocation calls drive the whole portfolio.sec.gov
• Around 40% of the target sits outside the US, bringing currency moves and emerging market risk; the fund also only launched in 2023.sec.gov

• CGV The fee is the headline trade-off: 1.57%, with no waiver trimming it, above the category median. Top-scoring global value peers run far cheaper (AVGV charges 0.26%).
• Thinly traded. Spreads can be wide and size can move the price, so limit orders matter more here than in a mega-cap index fund.
• No declared index and real manager discretion across about 50 names, so returns can wander a long way from any global value benchmark, in either direction.

Full AVGV profile⁠

Full CGV profile⁠