AVTM vs PFOE

AVTMAAvantis Total Equity Markets ETF 1

PFOECPathfinder Focused Opportunities 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.

PFOE Concentration is the whole idea: 15 to 30 US stocks the adviser judges high quality with long growth runways, at 0.59% a year. A late-2025 launch whose outcome rides on individual picks rather than index exposure.

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.

PFOE The Fund seeks long-term capital appreciation. It is actively managed and normally invests in 15–30 equity securities of companies the Adviser considers high quality with significant long-term growth potential.

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.

• PFOE Actually concentrated. The mandate is normally 15 to 30 US equities, so each holding carries real weight instead of being diluted into a quasi-index.
• At 0.59% a year it sits below the median fee for active US equity ETFs, which is not typical for a small, high-conviction shop.
• The advertised screen leans on growth, profitability and quality: compounders with long runways, not bargain-bin turnarounds.
• Trades moderately rather than thinly, which is worth something in a fund still building its asset base.

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

• PFOE A 15 to 30 stock book cuts both ways. One holding's bad quarter lands on the whole portfolio with nothing to cushion it.
• Launched at the end of 2025 with no index behind it, so there is little history and no benchmark rulebook to check the manager against.
• Systematic rivals cost far less (DFAU at 0.12%, AVLC at 0.15%). The 0.59% here buys human stock selection, not plain market exposure.

Full AVTM profile⁠

Full PFOE profile⁠