Avantis International Equity ETF
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
AVDE is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations selected based on prospects for long-term growth of capital.

FUND BASICS
Category International Equities
Fund Sponsor American Century
Website www.avantisinvestors.com
Inception date Sep 24, 2019
Assets (mns) $341
Currency USD
Expense ratio 23 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 3371
Wgt avg mkt cap (mns) $38,484
Large cap (>$10bn) 60.9%
Mid cap ($2-10bn) 27.5%
Small cap (<$2bn) 10.6%
Developed mkts 99.6%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 1.2 %
NOVARTIS AG-ADR 1.0 %
NESTLE SA-REG 0.9 %
NOVO-NORDISK A/S-SPONS ADR 0.6 %
RECKITT BENCKISER GROUP PLC 0.5 %
ASML HOLDING NV-NY REG SHS 0.5 %
TOYOTA MOTOR CORP -SPON ADR 0.5 %
LVMH MOET HENNESSY LOUIS VUI 0.5 %
ASTRAZENECA PLC-SPONS ADR 0.5 %
SONY CORP-SPONSORED ADR 0.5 %
Total 6.6 %

TOP COUNTRY EXPOSURE
JAPAN 22.8 %
BRITAIN 11.5 %
SWITZERLAND 9.0 %
CANADA 8.7 %
GERMANY 7.8 %
FRANCE 7.6 %
AUSTRALIA 5.8 %
NETHERLANDS 3.8 %
SWEDEN 2.9 %
HONG KONG 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.6% -- -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $49.45
30d moving avg. $50.00
Annualized volatility 0.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.4%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $17,007

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Avantis International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with AVDE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AVDE Expense: 23 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AVDE
Ticker Fund
Name
Overlap1
vs AVDE
(%)
Expense
ratio
(bp)
Savings
vs AVDE
(bp)
ALTAR
Score™
(%)
ALTAR
vs AVDE
(%)
IDEV iShares Core MSCI International Developed Markets ETF 57.8 5 18 7.2 -0.4
VEA Vanguard FTSE Developed Markets ETF 55.0 5 18 7.3 -0.2
IEFA iShares Core MSCI EAFE ETF 54.6 7 16 7.2 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 52.9 4 19 7.1 -0.5
SCHF Schwab International Equity ETF 52.2 6 17 7.3 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 49.1 7 16 7.4 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 48.3 39 -16 8.3 +0.7
EFA iShares MSCI EAFE ETF 47.5 32 -9 7.0 -0.6
IXUS ishares Core MSCI Total International Stock ETF 47.5 9 14 7.4 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 47.1 39 -16 6.5 -1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 46.8 35 -12 6.8 -0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 46.3 45 -22 8.9 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 46.1 20 3 7.0 -0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 45.8 20 3 7.4 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 45.8 20 3 7.3 -0.3
VXUS Vanguard Total International Stock Index Fund 45.0 8 15 7.5 -0.0
ISZE iShares Edge MSCI Intl Size Factor ETF 44.5 30 -7 7.1 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 44.5 8 15 7.6 -0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 44.3 25 -2 6.6 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 44.1 32 -9 7.3 -0.3
FNDF Schwab Fundamental International Large Co. Index ETF 43.6 25 -2 8.8 +1.2
JHMD John Hancock Multifactor Developed International ETF 43.4 39 -16 7.3 -0.2
BKIE BNY Mellon International Equity ETF 43.4 4 19 7.3 -0.3
VSGX Vanguard ESG International Stock ETF 43.1 17 6 7.1 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 42.7 40 -17 7.1 -0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 38.5 30 -7 6.8 -0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 38.4 20 3 6.9 -0.7
PDEV Principal International Multi-Factor Core Index ETF 38.2 25 -2 7.9 +0.3
CWI SPDR MSCI ACWI ex-US ETF 38.1 30 -7 7.2 -0.4
IEUR iShares Core MSCI Europe ETF 38.1 9 14 7.2 -0.4
VGK Vanguard FTSE Europe ETF 37.3 8 15 7.4 -0.2
FEU SPDR Portfolio Europe ETF 37.2 9 14 7.3 -0.3
ISDX Invesco Strategic Developed ex-US ETF 37.1 23 0 7.4 -0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 37.0 24 -1 6.9 -0.6
DWM WisdomTree International Equity Fund 36.5 48 -25 8.3 +0.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 36.3 45 -22 6.6 -1.0
CIL VictoryShares International Volatility Weighted Index ETF 36.2 45 -22 6.6 -1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 36.0 35 -12 8.6 +1.0
IQSI IQ Candriam ESG International Equity ETF 34.7 15 8 7.3 -0.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 33.3 30 -7 0.0 -7.6
FLEE Franklin FTSE Europe ETF 33.0 9 14 7.0 -0.6
FLEH Franklin FTSE Europe Hedged ETF 32.8 9 14 7.2 -0.4
IQIN IQ 500 International ETF 32.7 25 -2 8.7 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 31.7 9 14 7.4 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 31.2 45 -22 6.6 -1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 30.5 16 7 6.9 -0.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 29.9 35 -12 6.9 -0.7
IEV iShares Europe ETF 29.4 59 -36 6.8 -0.7
EFV iShares MSCI EAFE Value ETF 29.4 39 -16 9.7 +2.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 28.9 25 -2 6.4 -1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 28.9 14 9 6.8 -0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.4 29 -6 7.5 -0.1
VPL Vanguard FTSE Pacific ETF 28.1 8 15 7.4 -0.2
EFG iShares MSCI EAFE Growth ETF 27.7 40 -17 4.4 -3.2
SCID Global X Scientific Beta Europe ETF 26.9 39 -16 6.5 -1.1
TPIF Timothy Plan International ETF 26.7 62 -39 6.2 -1.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 25.9 45 -22 7.0 -0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.1 29 -6 7.6 +0.0
DOL WisdomTree International LargeCap Dividend Fund 25.1 48 -25 8.7 +1.1
IPAC iShares Core MSCI Pacific ETF 24.6 9 14 7.0 -0.5
QWLD SPDR MSCI World StrategicFactors ETF 24.6 30 -7 6.3 -1.2
URTH iShares MSCI World ETF 24.3 24 -1 6.0 -1.6
IDY Pacific Global International Equity Income ETF 24.1 39 -16 8.0 +0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.9 30 -7 5.9 -1.6
RNDM Developed International Equity Select ETF 23.7 65 -42 6.3 -1.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 23.4 30 -7 0.0 -7.6
VYMI Vanguard International High Dividend Yield ETF 23.3 27 -4 10.3 +2.8
QINT American Century Quality Diversified International ETF 23.1 39 -16 6.0 -1.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 23.0 30 -7 4.3 -3.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 22.8 45 -22 6.7 -0.9
VT Vanguard Total World Stock Index Fund 22.2 8 15 6.4 -1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 22.1 42 -19 5.9 -1.7
ACWI iShares MSCI ACWI ETF 22.0 32 -9 6.2 -1.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 21.2 20 3 6.4 -1.2
FNDC Schwab Fundamental International Small Co. Index ETF 21.0 39 -16 7.0 -0.6
IGRO iShares International Dividend Growth ETF 20.4 22 1 8.0 +0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 20.4 20 3 6.4 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 20.1 37 -14 7.8 +0.2
TOK iShares MSCI Kokusai ETF 20.0 25 -2 5.9 -1.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 19.9 35 -12 8.5 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 19.7 9 14 6.1 -1.5
SCZ iShares MSCI Eafe Small-Cap ETF 19.0 40 -17 6.9 -0.7
EURZ Xtrackers Eurozone Equity ETF 19.0 9 14 7.1 -0.5
EZU iShares MSCI Eurozone ETF 18.9 49 -26 6.6 -1.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 18.6 49 -26 6.3 -1.3
DIM WisdomTree International MidCap Dividend Fund 18.4 58 -35 7.6 -0.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.1 20 3 5.4 -2.2
RBIN Nationwide Risk-Based International Equity ETF 18.0 42 -19 6.0 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 17.9 9 14 6.2 -1.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 17.4 30 -7 0.0 -7.6
FLJP Franklin FTSE Japan ETF 17.4 9 14 7.3 -0.3
FLJH Franklin FTSE Japan Hedged ETF 17.4 9 14 7.3 -0.3
FDEV Fidelity Targeted International Factor ETF 16.9 39 -16 6.4 -1.2
DTH WisdomTree DEFA Equity Income Fund 16.8 58 -35 9.9 +2.3
IDHQ Invesco S&P International Developed Quality ETF 16.6 29 -6 5.0 -2.6
NUDM Nuveen ESG International Developed Markets Equity ETF 16.5 40 -17 6.7 -0.9
VGFO Virtus WMC Global Factor Opportunities ETF 16.5 49 -26 8.0 +0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 16.4 30 -7 11.5 +3.9
JPXN iShares JPX-Nikkei 400 ETF 15.4 48 -25 6.9 -0.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Avantis International Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.6 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 23 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.