AVTM vs GLOW

AVTMAAvantis Total Equity Markets ETF 1

GLOWCVictoryShares WestEnd Global Equity ETF

In short

AVTM Avantis' one-ticket world stock market: roughly 1,700 holdings, U.S. names owned directly and the overseas sleeves held through sister Avantis funds, all tilted toward cheaper, more profitable companies.

GLOW An actively managed, one-ticket global stock fund from Victory Capital's WestEnd team: US and overseas, developed and emerging, in a single line item. The trade-off is the price tag, 2.01% a year, near the top of the global-equity aisle.

Stated mandate

AVTM Seeks long-term capital appreciation through a broadly diversified total-market equity allocation, using individual securities and Avantis ETFs while emphasizing securities expected to offer higher returns or better risk characteristics than a passive market-capitalization-weighted index.

GLOW The Fund seeks long-term capital appreciation.

Why people hold it

• AVTM Costs 0.22% net of a fee waiver (0.23% gross), a notch under stablemate AVGE at 0.23% and below the typical fee in its category.
• Owns U.S. companies directly rather than only stacking funds, then uses Avantis ETFs for developed and emerging markets abroad. One ticket, all market caps.sec.gov
• Benchmarked to 85% Russell 3000 and 15% MSCI ACWI ex-US IMI: a deliberately U.S.-heavy world portfolio, not a global cap-weight split.avantisinvestors.com
• One of the stronger builds in a crowded field of actively managed global equity funds.

• GLOW One holding covers the world map. The prospectus mandate spans issuers outside the US across developed and emerging regions, with long-term capital appreciation as the stated goal.
• The portfolio has stayed close to the global, all-equity mandate its prospectus describes, so the label matches what you actually own.
• Human stock-picking rather than an index, run by Victory Capital's WestEnd team since the June 2024 launch, with cash paid out quarterly.

Worth knowing

• AVTM Avantis flags that much of the starting portfolio sits on a low tax basis, so the fund may realize and distribute more capital gains than other ETFs.avantisinvestors.com
• Trades thinly next to the index giants in its category, so spreads and order size matter more here.
• Launched January 2026, so the history is short, and with no index to follow the portfolio reflects Avantis' own valuation and profitability tilts.sec.gov

• GLOW The fee is the headline: 2.01% a year, against 0.15% at GSWO and 0.25% at AVGE. That gap comes out of the fund's return every year, in every market.
• Thinly traded on a modest asset base, so spreads can widen at the open and close. Limit orders matter more here than with the giants of the category.
• Launched in 2024, so the risk record is short and covers only one stretch of market weather. Not much history to judge the process by yet.

Full AVTM profile⁠

Full GLOW profile⁠