Avantis International Small Cap Value
ALTAR
Score™
7.0% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.5x P/Sales
ratio
0.6x
P/BV
ratio
1.0x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
AVDV is an actively managed portfolio of developed market, non-US, small cap value companies. The fund seeks long-term capital appreciation.

FUND BASICS
Category International Equities
Fund Sponsor American Century
Website www.avantisinvestors.com
Inception date Sep 24, 2019
Assets (mns) $42
Currency USD
Expense ratio 36 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 810
Wgt avg mkt cap (mns) $2,042
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 51.4%
Small cap (<$2bn) 48.2%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BE SEMICONDUCTOR INDUSTRIES 1.3 %
DIALOG SEMICONDUCTOR PLC 0.9 %
SIMCORP A/S 0.9 %
VALIANT HOLDING AG-REG 0.8 %
IMI PLC 0.8 %
INCHCAPE PLC 0.7 %
UBI BANCA SCPA 0.7 %
HOLMEN AB-B SHARES 0.7 %
WM MORRISON SUPERMARKETS 0.6 %
BORAL LTD 0.6 %
Total 8.0 %

TOP COUNTRY EXPOSURE
JAPAN 25.6 %
BRITAIN 15.0 %
CANADA 8.1 %
AUSTRALIA 6.0 %
GERMANY 3.1 %
ITALY 2.8 %
SWEDEN 2.6 %
FRANCE 2.6 %
BELGIUM 1.9 %
NETHERLANDS 1.8 %

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.
7.1% -- -- -- 7.1%

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

Technical Indicators
Recent close $53.47
30d moving avg. $52.55
Annualized volatility 0.0%
Short interest (ETF) 6.8%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.3%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $3,580

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Avantis International Small Cap Value ETF based on the alternatives' overlap in portfolio holdings with AVDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AVDV Expense: 36 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AVDV
Ticker Fund
Name
Overlap1
vs AVDV
(%)
Expense
ratio
(bp)
Savings
vs AVDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs AVDV
(%)
DDLS WisdomTree Dynamic Currency Hedged Int'l SmallCap 21.2 43 -7 8.3 +1.3
DLS WisdomTree Int'l SmallCap Dividend 21.1 58 -22 8.1 +1.1
FNDC Schwab Fundamental Intl Small Cap 19.5 39 -3 4.5 -2.5
PDN Invesco FTSE RAFI Developed Mkts ex-US Small-Mid Cap 18.8 49 -13 6.4 -0.6
ISCF iShares FactorSelect MSCI Intl Small-Cap 18.4 40 -4 6.9 -0.2
ISDS Invesco Strategic Developed ex-US Small Company 16.9 35 1 5.1 -2.0
DXJS WisdomTree Japan Hedged Small 16.9 58 -22 7.9 +0.9
DFJ WisdomTree Japan Small Cap Dividend 16.8 58 -22 7.8 +0.8
SCZ iShares MSCI EAFE Small Cap 16.6 39 -3 6.0 -1.0
GWX SPDR International SmallCap 16.4 40 -4 4.6 -2.4
FDTS First Trust Dev Mkts ex-US Small Cap Alpha 15.8 80 -44 9.1 +2.1
SCHC Schwab Intl Small-Cap Equity 15.4 12 24 6.4 -0.6
SCJ iShares MSCI Japan Small Cap 15.1 47 -11 6.1 -0.9
DFE WisdomTree Europe Small Cap Dividend 13.9 58 -22 8.7 +1.7
IEUS iShares MSCI Europe Small Cap 13.2 40 -4 6.0 -1.0
EWUS iShares MSCI United Kingdom Small Cap 12.0 59 -23 7.3 +0.3
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 12.0 39 -3 8.3 +1.3
VSS Vanguard FTSE All World ex-US Small Cap 11.7 12 24 6.5 -0.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 10.7 58 -22 7.4 +0.3
AVDE Avantis International Equity 9.7 23 13 7.5 +0.5

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

  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 Small Cap Value
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 7.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 36 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.