AVSE vs TEMR

AVSEAAvantis Responsible Emerging Markets Equity ETF

TEMRBT. Rowe Price Emerging Markets Equity Research ETF

In short

AVSE Avantis's emerging markets workhorse with a values filter bolted on: the same profitability tilt and thousands-of-stocks build as its flagship EM fund, at the same 0.33% fee, minus the issuers its team flags on ESG grounds.

TEMR T. Rowe Price's first emerging-markets ETF hands stock picking to its own analysts, then boxes them in: country, sector and industry weights track the MSCI Emerging Markets Index, so active bets happen inside each bucket, not across them.

Stated mandate

AVSE The fund is an actively managed emerging-markets equity strategy that seeks to identify securities with higher expected returns while excluding issuers that raise concerns under the portfolio team's environmental, social, and governance evaluation.

TEMR The fund invests primarily in equity securities of emerging-market issuers, using bottom-up stock selection and fundamental research while seeking returns above the MSCI Emerging Markets Index.

Why people hold it

• AVSE Charges 0.33% a year, roughly half the typical fee among actively managed emerging markets funds. The cost drag stays out of the way of the strategy.
• The screen trims rather than concentrates: the portfolio still spans thousands of emerging markets stocks, not a short list of approved names.avantisinvestors.com
• Active in the Avantis sense: a systematic tilt toward more profitable companies, not a manager's hunches about which stocks pop next.
• Priced level with Avantis's mainstream EM funds (AVEM, AVXC) and JPMorgan's JEMA at 0.33%, and one of the stronger builds in the active EM group.

• TEMR At 0.40% a year it undercuts the typical active EM fund in its peer group (median 0.65%), though index-flavored rivals like AVEM and DFEM run cheaper still.troweprice.com
• Country, sector and industry weights sit close to the MSCI Emerging Markets index, so results ride on stock selection inside each bucket rather than big top-down country calls.troweprice.com
• Six portfolio managers sit on top of T. Rowe's global analyst bench, running the same structured research process behind its US and international research ETFs (TSPA, TIER).troweprice.com
• Fully transparent: holdings are disclosed daily, unlike T. Rowe's semi-transparent equity ETFs, which publish a proxy basket instead.troweprice.comtroweprice.com 2

Worth knowing

• AVSE Thinly traded next to the index-fund giants of emerging markets, so bid-ask spreads can widen and larger orders need care.
• The ESG exclusions are the portfolio team's own judgment calls, so the holdings and the results will drift from a plain broad EM benchmark.
• Emerging markets equity brings currency swings and country-level political risk, and this fund holds that exposure directly. Pays quarterly.

• TEMR It started trading in 2026, so there is no long record showing how the analysts' picks stack up against the index.troweprice.com
• Small and thinly traded so far, so spreads can be wider than on the giant passive EM funds.
• Staying near index country and sector weights cuts both ways: T. Rowe notes the fund can reallocate less freely than active funds with looser mandates.troweprice.comtroweprice.com 2

Full AVSE profile⁠

Full TEMR profile⁠