Avantis Emerging Markets Equity ETF
ALTAR
Score™
8.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.3x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
AVEM is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor American Century
Website www.avantisinvestors.com
Inception date Sep 17, 2019
Assets (mns) $266
Currency USD
Expense ratio 33 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 2488
Wgt avg mkt cap (mns) $98,270
Large cap (>$10bn) 54.9%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 16.3%
Developed mkts 12.7%
Emerging mkts 87.2%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 4.0 %
TAIWAN SEMICONDUCTOR-SP ADR 4.0 %
ALIBABA GROUP HOLDING LTD. SPONSOR 4.0 %
SAMSUNG ELECTR-GDR REGS 2.9 %
JD.COM INC-ADR 1.5 %
CHINA CONSTRUCTION BANK-H 1.0 %
INFOSYS TECHNOLOGIES-SP ADR 1.0 %
RELIANCE INDS-SPONS GDR 144A 0.8 %
LG CHEM LTD 0.7 %
CHINA MOBILE LIMITED SPONSORED ADR 0.7 %
Total 20.4 %

TOP COUNTRY EXPOSURE
CHINA 30.7 %
TAIWAN 14.6 %
SOUTH KOREA 13.5 %
INDIA 9.3 %
HONG KONG 6.9 %
BRAZIL 5.2 %
SOUTH AFRICA 4.0 %
RUSSIA 2.0 %
THAILAND 1.9 %
MALAYSIA 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.2% -- -- -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 0.99 71%
MSCI EAFE 1.14 82%
MSCI Emg. Mkts. 0.99 97%

Technical Indicators
Recent close $53.64
30d moving avg. $52.70
Annualized volatility 28.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.4%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $37,860

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: AVEM Expense: 33 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AVEM
Ticker Fund
Name
Overlap1
vs AVEM
(%)
Expense
ratio
(bp)
Savings
vs AVEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs AVEM
(%)
IEMG iShares Core MSCI Emerging Markets ETF 50.5 13 20 7.8 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 48.2 65 -32 7.4 -1.4
VWO Vanguard FTSE Emerging Markets ETF 47.2 10 23 8.0 -0.8
EEM iShares MSCI Emerging Markets ETF 46.4 68 -35 7.3 -1.5
EEMA iShares MSCI Emerging Markets Asia ETF 46.2 50 -17 7.6 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 45.7 49 -16 8.7 -0.1
SPEM SPDR Portfolio Emerging Markets ETF 45.6 11 22 7.7 -1.1
GMF SPDR S&P Emerging Asia Pacific ETF 44.9 49 -16 7.0 -1.8
SCHE Schwab Emerging Markets Equity ETF 43.7 11 22 7.9 -1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 43.0 36 -3 7.3 -1.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 42.6 68 -35 7.0 -1.8
FLAX Franklin FTSE Asia Ex Japan ETF 42.3 19 14 7.6 -1.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 41.2 15 18 8.4 -0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 41.1 30 3 7.6 -1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 39.3 59 -26 11.1 +2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 39.0 32 1 5.6 -3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 38.5 30 3 8.8 -0.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 37.0 45 -12 7.5 -1.3
BKF iShares MSCI BRIC ETF 35.5 69 -36 7.3 -1.5
ESGE iShares ESG MSCI EM ETF 33.3 25 8 8.5 -0.3
BKEM BNY Mellon Emerging Markets Equity ETF 32.6 11 22 8.2 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 32.5 49 -16 7.9 -0.9
DVEM WisdomTree Emerging Markets Dividend Fund 32.2 32 1 7.2 -1.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 32.1 20 13 6.6 -2.2
GXC SPDR S&P China ETF 31.5 59 -26 7.6 -1.2
MCHI iShares MSCI China ETF 31.4 59 -26 7.5 -1.3
FLCH Franklin FTSE China ETF 29.7 19 14 8.0 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 29.1 50 -17 13.4 +4.6
CN Xtrackers MSCI All China Equity ETF 28.9 50 -17 7.9 -0.9
ISEM Invesco Strategic Emerging Markets ETF 26.6 35 -2 10.8 +2.0
KALL KraneShares FTSE Emerging Markets Plus ETF 26.4 49 -16 7.9 -1.0
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 25.7 50 -17 10.4 +1.6
ROAM Hartford Multifactor Emerging Markets ETF 24.8 44 -11 13.2 +4.4
VSGX Vanguard ESG International Stock ETF 24.3 17 16 7.1 -1.7
EEMO Invesco S&P Emerging Markets Momentum ETF 23.4 29 4 4.0 -4.8
CWI SPDR MSCI ACWI ex-US ETF 23.4 30 3 7.3 -1.6
EMMF WisdomTree Emerging Markets Multifactor Fund 23.2 48 -15 9.6 +0.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 22.3 39 -6 13.5 +4.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 22.1 32 1 11.2 +2.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 22.0 45 -12 8.5 -0.3
EMXC iShares MSCI Emerging Markets ex China ETF 21.9 25 8 8.2 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 21.9 8 25 7.6 -1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.3 32 1 9.0 +0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 21.1 45 -12 6.7 -2.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.7 16 17 7.0 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.3 40 -7 7.2 -1.6
IXUS ishares Core MSCI Total International Stock ETF 20.0 9 24 7.4 -1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 20.0 95 -62 8.0 -0.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 19.9 25 8 8.0 -0.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 19.7 18 15 4.8 -4.0
CHIL Global X MSCI China Large-Cap 50 ETF 19.7 29 4 7.5 -1.3
BICK First Trust BICK Index Fund 19.3 64 -31 4.7 -4.1
ACWX iShares MSCI ACWI ex U.S. ETF 19.1 32 1 7.3 -1.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 19.1 49 -16 7.7 -1.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.3 40 -7 7.2 -1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.2 44 -11 9.2 +0.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 18.2 45 -12 9.1 +0.3
VXUS Vanguard Total International Stock Index Fund 17.8 8 25 7.6 -1.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 17.6 45 -12 14.6 +5.8
ECON Columbia Emerging Markets Consumer ETF 17.3 59 -26 4.9 -3.9
RNEM Emerging Markets Equity Select ETF 17.2 75 -42 11.8 +3.0
DEM WisdomTree Emerging Markets High Dividend Fund 15.7 63 -30 15.2 +6.4
VYMI Vanguard International High Dividend Yield ETF 15.2 27 6 10.3 +1.5
PIE Invesco DWA Emerging Markets Momentum ETF 14.9 90 -57 5.0 -3.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 14.8 86 -53 2.1 -6.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 14.3 69 -36 7.8 -1.0
FNI First Trust Chindia ETF 14.1 60 -27 2.4 -6.4
KWEB KraneShares CSI China Internet ETF 13.5 76 -43 2.0 -6.8
FDNI First Trust Dow Jones International Internet ETF 13.2 65 -32 2.0 -6.8
FRDM Freedom 100 Emerging Markets ETF 12.5 49 -16 6.6 -2.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.2 29 4 10.1 +1.3
GBUY Goldman Sachs Motif New Age Consumer ETF 12.1 50 -17 1.7 -7.1
TTTN UP Fintech China-U.S. Internet Titans ETF 12.1 59 -26 4.2 -4.6
AIA iShares Asia 50 ETF 11.8 50 -17 7.7 -1.1
PGJ Invesco Golden Dragon China ETF 11.7 70 -37 3.3 -5.5
EWX SPDR S&P Emerging Markets Small Cap ETF 11.6 65 -32 7.3 -1.5
OGIG O'Shares Global Internet Giants ETF 11.3 48 -15 0.5 -8.3
CHIQ Global X China Consumer ETF 11.2 65 -32 6.7 -2.1
PEK VanEck Vectors ChinaAMC CSI 300 ETF 11.2 60 -27 3.9 -4.9
BLCN Reality Shares Nasdaq NextGen Economy ETF 11.2 68 -35 5.6 -3.2
FXI iShares China Large-Cap ETF 10.9 74 -41 13.1 +4.3
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 10.9 11 22 6.7 -2.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.0 60 -27 4.4 -4.4
XCEM Columbia EM Core ex-China ETF 9.9 16 17 7.1 -1.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 9.7 63 -30 12.7 +3.9
GIGE SoFi Gig Economy ETF 9.6 59 -26 -0.8 -9.6
JOYY Infusive Compounding Global Equities ETF 9.6 50 -17 3.6 -5.2
FEM First Trust Emerging Markets AlphaDEX Fund 9.5 80 -47 13.9 +5.1
VIGI Vanguard International Dividend Appreciation ETF 9.3 20 13 5.6 -3.2
BUYZ Franklin Disruptive Commerce ETF 9.2 50 -17 -0.2 -9.0
LEGR First Trust Index Digital Transaction & Process Technology E 9.1 65 -32 10.0 +1.2
VT Vanguard Total World Stock Index Fund 9.0 8 25 6.0 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 8.7 9 24 5.8 -3.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.7 20 13 11.8 +3.0
BLOK Amplify Transformational Data Sharing ETF 8.5 70 -37 4.3 -4.5
GENY Principal Millennials Index ETF 8.4 45 -12 3.7 -5.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 8.4 20 13 6.0 -2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 8.2 20 13 6.0 -2.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.1 58 -25 8.0 -0.8

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 Emerging Markets 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 10.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 33 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.43
 
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.