Avantis International Equity ETF
ALTAR
Score™
6.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.2x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
2.7%


  • 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) $532
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 3378
Wgt avg mkt cap (mns) $41,476
Large cap (>$10bn) 63.2%
Mid cap ($2-10bn) 25.8%
Small cap (<$2bn) 9.7%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 0.9 %
NOVARTIS AG-ADR 0.8 %
LVMH MOET HENNESSY LOUIS VUI 0.6 %
ASML HOLDING NV-NY REG SHS 0.6 %
NESTLE SA-REG 0.6 %
SONY CORP-SPONSORED ADR 0.5 %
UNILEVER PLC-SPONSORED ADR 0.5 %
TOYOTA MOTOR CORP -SPON ADR 0.5 %
RIO TINTO PLC-SPON ADR 0.5 %
NOVO-NORDISK A/S-SPONS ADR 0.5 %
Total 6.0 %

TOP COUNTRY EXPOSURE
JAPAN 21.6 %
BRITAIN 12.6 %
CANADA 8.6 %
SWITZERLAND 8.4 %
FRANCE 7.6 %
GERMANY 7.5 %
AUSTRALIA 6.3 %
NETHERLANDS 3.7 %
SWEDEN 3.0 %
HONG KONG 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.3% 8.3% -- -- 13.6%

Market Correlations
versus... Beta R-squared
S&P500 1.05 89%
MSCI EAFE 1.03 98%
MSCI Emg. Mkts. 0.86 77%

Technical Indicators
Recent close $58.73
30d moving avg. $57.60
Annualized volatility 25.6%
Short interest (ETF) 0.3%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 53
Turnover 0.6%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $78,088

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 6.9%


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
(%)
DFAI Dimensional International Core Equity Market ETF 65.6 18 5 6.4 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 56.2 5 18 6.5 -0.5
VEA Vanguard FTSE Developed Markets ETF 53.7 5 18 6.6 -0.4
IEFA iShares Core MSCI EAFE ETF 53.4 7 16 6.5 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 51.9 4 19 6.2 -0.7
SCHF Schwab International Equity ETF 50.8 6 17 6.5 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 49.1 39 -16 7.4 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 47.6 7 16 6.5 -0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 46.3 39 -16 5.6 -1.3
EFA iShares MSCI EAFE ETF 46.1 32 -9 6.2 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 45.9 45 -22 7.6 +0.7
IXUS ishares Core MSCI Total International Stock ETF 45.8 9 14 6.4 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 45.6 35 -12 6.1 -0.8
GSID Goldman Sachs MarketBeta International Equity ETF 44.7 20 3 6.3 -0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 44.5 20 3 6.4 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 44.3 20 3 6.4 -0.5
ISZE iShares Edge MSCI Intl Size Factor ETF 44.3 30 -7 6.3 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 44.0 25 -2 6.0 -0.9
VSGX Vanguard ESG International Stock ETF 43.9 17 6 6.3 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 43.1 25 -2 7.7 +0.8
BKIE BNY Mellon International Equity ETF 43.1 4 19 6.5 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 42.9 8 15 6.7 -0.2
JHMD John Hancock Multifactor Developed International ETF 42.6 39 -16 6.6 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 42.4 32 -9 6.3 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 41.5 40 -17 6.1 -0.8
VXUS Vanguard Total International Stock ETF 38.7 8 15 6.6 -0.3
PDEV Principal International Multi-Factor Core Index ETF 37.5 25 -2 7.1 +0.2
CWI SPDR MSCI ACWI ex-US ETF 37.1 30 -7 6.2 -0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 36.9 20 3 6.2 -0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 36.8 24 -1 6.5 -0.4
IEUR iShares Core MSCI Europe ETF 36.7 9 14 6.6 -0.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 36.7 23 0 6.3 -0.6
QEFA SPDR MSCI EAFE Quality Mix ETF 36.5 30 -7 6.0 -0.9
VGK Vanguard FTSE Europe ETF 36.1 8 15 6.7 -0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 36.1 45 -22 6.3 -0.6
CIL VictoryShares International Volatility Weighted Index ETF 36.1 45 -22 6.4 -0.5
SPEU SPDR Portfolio Europe ETF 35.8 9 14 6.7 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 35.5 40 -17 7.2 +0.3
IQSI IQ Candriam ESG International Equity ETF 35.1 15 8 6.4 -0.5
DWM WisdomTree International Equity Fund 34.7 48 -25 7.2 +0.3
IQIN IQ 500 International ETF 32.5 25 -2 7.6 +0.7
FLEE Franklin FTSE Europe ETF 31.4 9 14 6.4 -0.5
FLEH Franklin FTSE Europe Hedged ETF 31.3 9 14 6.5 -0.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 30.8 35 -12 5.9 -1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 30.8 12 11 6.2 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 29.9 9 14 6.6 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.6 45 -22 6.0 -0.9
TPIF Timothy Plan International ETF 28.8 62 -39 6.1 -0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 28.6 16 7 6.0 -1.0
EFV iShares MSCI EAFE Value ETF 28.3 39 -16 8.4 +1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.1 29 -6 7.1 +0.2
IEV iShares Europe ETF 27.8 59 -36 6.2 -0.7
VPL Vanguard FTSE Pacific ETF 27.6 8 15 6.4 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 27.0 14 9 6.1 -0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.8 25 -2 5.9 -1.0
EFG iShares MSCI EAFE Growth ETF 26.6 40 -17 4.1 -2.9
DOL WisdomTree International LargeCap Dividend Fund 25.4 48 -25 7.2 +0.2
IPAC iShares Core MSCI Pacific ETF 25.0 9 14 6.3 -0.6
URTH iShares MSCI World ETF 24.6 24 -1 5.0 -2.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 24.5 45 -22 6.1 -0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.8 29 -6 7.3 +0.4
VYMI Vanguard International High Dividend Yield ETF 23.5 27 -4 9.0 +2.1
RESD WisdomTree International ESG Fund 23.4 30 -7 6.5 -0.4
RNDM First Trust Developed International Equity Select ETF 23.0 65 -42 5.7 -1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 22.6 45 -22 6.0 -0.9
QINT American Century Quality Diversified International ETF 22.6 39 -16 5.7 -1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 22.5 42 -19 4.6 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 22.5 30 -7 5.4 -1.5
VT Vanguard Total World Stock ETF 22.4 8 15 5.4 -1.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.0 30 -7 5.2 -1.7
ACWI iShares MSCI ACWI ETF 21.8 32 -9 5.1 -1.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 21.3 30 -7 4.1 -2.8
FNDC Schwab Fundamental International Small Co. Index ETF 21.0 39 -16 6.2 -0.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 20.8 20 3 5.3 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 20.5 20 3 5.3 -1.6
TOK iShares MSCI Kokusai ETF 20.1 25 -2 4.9 -2.0
KOKU Xtrackers MSCI Kokusai Equity ETF 19.9 9 14 5.0 -1.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 19.5 35 -12 7.7 +0.8
SCZ iShares MSCI Eafe Small-Cap ETF 19.4 40 -17 6.3 -0.6
JPIN JPMorgan Diversified Return International Equity ETF 19.2 37 -14 7.1 +0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 19.2 30 -7 9.9 +3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 18.4 49 -26 5.5 -1.4
EURZ Xtrackers Eurozone Equity ETF 18.3 9 14 6.5 -0.4
EZU iShares MSCI Eurozone ETF 18.1 51 -28 6.0 -0.9
RBIN Nationwide Risk-Based International Equity ETF 17.7 42 -19 6.0 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 17.6 9 14 5.1 -1.8
FLJH Franklin FTSE Japan Hedged ETF 16.7 9 14 6.5 -0.4
FLJP Franklin FTSE Japan ETF 16.7 9 14 6.6 -0.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 15.8 20 3 5.0 -1.9
NUDM Nuveen ESG International Developed Markets Equity ETF 15.4 40 -17 5.9 -1.0
VWID Virtus WMC International Dividend ETF 15.0 49 -26 7.4 +0.5
JPXN iShares JPX-Nikkei 400 ETF 15.0 48 -25 6.2 -0.7
FDEV Fidelity Targeted International Factor ETF 14.9 39 -16 6.2 -0.8
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 14.9 9 14 6.6 -0.3
DIM WisdomTree International MidCap Dividend Fund 14.8 58 -35 7.1 +0.2
BBJP JPMorgan BetaBuilders Japan ETF 14.7 19 4 6.4 -0.5
DTH WisdomTree International High Dividend Fund 14.7 58 -35 8.7 +1.8

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 9.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 23 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.54
 
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.