Avantis International Equity
ALTAR
Score™
7.5% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.1x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.5%


  • 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) $100
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 3303
Wgt avg mkt cap (mns) $41,341
Large cap (>$10bn) 63.6%
Mid cap ($2-10bn) 25.9%
Small cap (<$2bn) 10.5%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NOVARTIS AG-ADR 1.3 %
ROCHE HOLDINGS LTD-SPONS ADR 1.1 %
BP PLC-SPONS ADR 0.7 %
TOYOTA MOTOR CORP -SPON ADR 0.7 %
NESTLE SA-SPONS ADR 0.7 %
ROYAL DUTCH SHELL PLC-ADR 0.6 %
GLAXOSMITHKLINE PLC-SPON ADR 0.6 %
HSBC HOLDINGS PLC-SPONS ADR 0.6 %
ROYAL DUTCH SHELL PLC-ADR 0.6 %
ASTRAZENECA PLC-SPONS ADR 0.5 %
Total 7.3 %

TOP COUNTRY EXPOSURE
JAPAN 21.3 %
BRITAIN 13.8 %
CANADA 8.7 %
SWITZERLAND 7.5 %
FRANCE 7.5 %
GERMANY 6.9 %
AUSTRALIA 5.6 %
NETHERLANDS 3.2 %
SPAIN 2.4 %
SWEDEN 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.2% -- -- -- 5.2%

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

Technical Indicators
Recent close $52.49
30d moving avg. $52.13
Annualized volatility 0.0%
Short interest (ETF) 3.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.5%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $47,260

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Avantis International Equity 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™: 7.5%


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 Int'l Developed Markets 49.0 5 18 7.1 -0.5
VEA Vanguard Europe Pacific 47.0 5 18 7.3 -0.3
IEFA iShares Core MSCI EAFE 46.1 7 16 7.0 -0.5
SPDW SPDR Portfolio World ex-US 44.5 4 19 7.1 -0.4
SCHF Schwab International Equity 44.4 6 17 7.3 -0.2
IXUS iShares Core International Stock 41.4 9 14 7.4 -0.1
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 40.9 39 -16 8.3 +0.8
PBDM Invesco PureBeta FTSE Developed ex-North America 40.8 7 16 7.5 -0.1
VXUS Vanguard Total International Stock 39.7 9 14 7.5 -0.0
PXF Invesco FTSE-RAFI Developed ex-US 39.6 45 -22 8.1 +0.6
EFA iShares MSCI EAFE 39.4 31 -8 6.9 -0.6
ISZE iShares MSCI Int'l Developed Size Factor 39.2 30 -7 6.7 -0.8
DBEF Xtrackers MSCI EAFE Hedged 38.9 35 -12 6.9 -0.6
FNDF Schwab Fundamental Intl Large Cap 38.8 25 -2 7.5 -0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free 38.6 20 3 7.0 -0.6
VEU Vanguard FTSE All-World ex-US 38.1 9 14 7.5 +0.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity 37.7 39 -16 6.2 -1.4
GSIE Goldman Sachs ActiveBeta Int'l Equity 37.3 25 -2 6.5 -1.0
ACWX iShares MSCI ACWI ex-US 37.3 31 -8 7.3 -0.2
HFXI IQ 50 Percent Hedged FTSE Int'l 37.2 20 3 7.3 -0.3

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 10.3 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 23 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.63
 
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.