Avantis Emerging Markets Equity ETF
ALTAR
Score™
10.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.6x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
3.3%


  • 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 19, 2019
Assets (mns) $186
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 2437
Wgt avg mkt cap (mns) $66,614
Large cap (>$10bn) 51.4%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 17.7%
Developed mkts 12.5%
Emerging mkts 87.5%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 3.3 %
TAIWAN SEMICONDUCTOR-SP ADR 3.0 %
SAMSUNG ELECTR-GDR REGS 2.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 2.6 %
CHINA CONSTRUCTION BANK-H 1.4 %
JD.COM INC-ADR 1.1 %
CHINA MOBILE LIMITED SPONSORED ADR 0.9 %
OIL COMPANY LUKOIL PJSC SPONSORED 0.9 %
IND & COMM BK OF CHINA - H 0.8 %
INFOSYS TECHNOLOGIES-SP ADR 0.8 %
Total 17.5 %

TOP COUNTRY EXPOSURE
CHINA 25.6 %
TAIWAN 13.6 %
SOUTH KOREA 12.9 %
INDIA 8.6 %
HONG KONG 7.7 %
BRAZIL 5.5 %
SOUTH AFRICA 3.7 %
RUSSIA 3.2 %
THAILAND 2.5 %
MALAYSIA 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.1% -- -- -- -11.0%

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

Technical Indicators
Recent close $44.27
30d moving avg. $42.89
Annualized volatility 0.0%
Short interest (ETF) 1.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 58
Turnover 1.4%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $31,161

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 10.1%


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 48.4 14 19 9.3 -0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 46.2 65 -32 8.9 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 45.1 55 -22 9.5 -0.7
VWO Vanguard FTSE Emerging Markets ETF 44.9 10 23 9.4 -0.8
EEM iShares MSCI Emerging Markets ETF 44.9 68 -35 8.8 -1.3
EEMA iShares MSCI Emerging Markets Asia ETF 44.2 50 -17 9.0 -1.1
SPEM SPDR Portfolio Emerging Markets ETF 42.5 11 22 9.1 -1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 41.7 59 -26 11.8 +1.7
GMF SPDR S&P Emerging Asia Pacific ETF 41.7 49 -16 8.5 -1.7
SCHE Schwab Emerging Markets Equity ETF 41.3 13 20 9.2 -1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 40.7 68 -35 8.5 -1.6
FLAX Franklin FTSE Asia Ex Japan ETF 40.6 19 14 9.1 -1.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 39.3 14 19 10.1 -0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 38.7 30 3 9.8 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 37.9 32 1 7.3 -2.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 37.5 30 3 9.3 -0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 34.7 45 -12 9.1 -1.0
BKF iShares MSCI BRIC ETF 31.8 69 -36 9.0 -1.1
DVEM WisdomTree Emerging Markets Dividend Fund 30.4 32 1 9.6 -0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 29.6 20 13 8.1 -2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 28.9 49 -16 9.6 -0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 28.1 50 -17 14.6 +4.4
GXC SPDR S&P China ETF 27.9 59 -26 9.4 -0.7
MCHI iShares MSCI China ETF 27.9 59 -26 9.6 -0.6
ESGE iShares ESG MSCI EM ETF 26.2 25 8 10.3 +0.2
CN Xtrackers MSCI All China Equity ETF 25.9 50 -17 9.9 -0.3
FLCH Franklin FTSE China ETF 25.2 19 14 9.7 -0.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 24.7 50 -17 10.6 +0.4
ROAM Hartford Multifactor Emerging Markets ETF 24.2 44 -11 15.9 +5.7
ISEM Invesco Strategic Emerging Markets ETF 24.1 35 -2 11.1 +1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.9 39 -6 14.0 +3.8
EMXC iShares MSCI Emerging Markets ex China ETF 23.3 49 -16 8.9 -1.2
KALL KraneShares FTSE Emerging Markets Plus ETF 23.2 49 -16 9.6 -0.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 23.1 32 1 10.1 -0.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 22.9 32 1 8.0 -2.2
WCHN WisdomTree ICBCCS S&P China 500 Fund 21.4 55 -22 9.3 -0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 20.8 48 -15 10.4 +0.3
DEM WisdomTree Emerging Markets High Dividend Fund 20.0 63 -30 14.9 +4.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 19.7 49 -16 8.9 -1.3
CWI SPDR MSCI ACWI ex-US ETF 19.4 30 3 8.1 -2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 18.7 45 -12 8.2 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 18.6 8 25 8.3 -1.9
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 18.6 64 -31 5.8 -4.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.5 45 -12 9.4 -0.7
BICK First Trust BICK Index Fund 18.2 64 -31 4.8 -5.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.2 95 -62 10.9 +0.7
AXJL WisdomTree Asia Pacific ex-Japan Fund 18.0 48 -15 10.1 -0.1
RNEM Emerging Markets Equity Select ETF 17.7 75 -42 11.2 +1.1
VSGX Vanguard ESG International Stock ETF 17.6 17 16 7.9 -2.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.4 16 17 7.5 -2.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 17.2 32 1 7.4 -2.7
IXUS ishares Core MSCI Total International Stock ETF 17.1 9 24 8.1 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 17.0 40 -7 7.9 -2.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 17.0 25 8 8.9 -1.2
ACWX iShares MSCI ACWI ex U.S. ETF 16.4 32 1 8.0 -2.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 16.3 45 -12 10.4 +0.3
CHIL Global X MSCI China Large-Cap 50 ETF 16.3 29 4 10.0 -0.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.3 45 -12 14.3 +4.1
VXUS Vanguard Total International Stock Index Fund 16.0 8 25 8.3 -1.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 15.5 18 15 6.5 -3.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 15.0 45 -12 10.4 +0.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.2 29 4 10.3 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 14.0 30 3 7.6 -2.5
ECON Columbia Emerging Markets Consumer ETF 13.3 59 -26 5.2 -5.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 13.2 40 -7 8.1 -2.0
VYMI Vanguard International High Dividend Yield ETF 13.2 32 1 10.8 +0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 12.5 69 -36 8.1 -2.1
PIE Invesco DWA Emerging Markets Momentum ETF 11.9 90 -57 6.1 -4.1
FRDM Freedom 100 Emerging Markets ETF 11.6 49 -16 8.1 -2.1
FNI First Trust Chindia ETF 10.9 59 -26 3.8 -6.3
AIA iShares Asia 50 ETF 10.7 50 -17 9.4 -0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 10.5 86 -53 2.5 -7.7
EWX SPDR S&P Emerging Markets Small Cap ETF 10.4 65 -32 7.3 -2.8
FXI iShares China Large-Cap ETF 10.3 74 -41 14.2 +4.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 10.0 63 -30 13.9 +3.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.7 80 -47 1.9 -8.2
KWEB KraneShares CSI China Internet ETF 9.6 76 -43 3.8 -6.4
FDNI First Trust Dow Jones International Internet ETF 9.4 65 -32 3.0 -7.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 9.4 11 22 7.4 -2.7
GBUY Goldman Sachs Motif New Age Consumer ETF 9.3 50 -17 2.3 -7.8
PGJ Invesco Golden Dragon China ETF 9.2 70 -37 3.8 -6.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.9 20 13 11.6 +1.4
XCEM Columbia EM Core ex-China ETF 8.9 16 17 8.3 -1.8
TTTN UP Fintech China-U.S. Internet Titans ETF 8.7 59 -26 5.2 -5.0
DEW WisdomTree Global High Dividend Fund 8.4 58 -25 9.5 -0.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.3 68 -35 4.6 -5.5
GENY Principal Millennials Index ETF 8.0 45 -12 4.4 -5.8
DNL WisdomTree Global ex-US Dividend Growth Fund 7.9 58 -25 8.2 -1.9
VT Vanguard Total World Stock Index Fund 7.8 8 25 6.6 -3.6
OGIG O'Shares Global Internet Giants ETF 7.8 48 -15 0.6 -9.6
FEM First Trust Emerging Markets AlphaDEX Fund 7.8 80 -47 12.4 +2.3
ACWF iShares FactorSelect MSCI Global ETF 7.8 35 -2 8.4 -1.8
JOYY Infusive Compounding Global Equities ETF 7.7 50 -17 4.0 -6.1
GIGE SoFi Gig Economy ETF 7.6 59 -26 -0.4 -10.6
VIDI Vident International Equity Fund 7.5 59 -26 12.6 +2.5
BLOK Amplify Transformational Data Sharing ETF 7.5 70 -37 5.6 -4.6
VIGI Vanguard International Dividend Appreciation ETF 7.3 25 8 6.3 -3.8
LEGR First Trust Index Digital Transaction & Process Technology E 7.2 65 -32 7.5 -2.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.1 70 -37 13.7 +3.6
HAP VanEck Vectors Natural Resources ETF 7.1 50 -17 6.6 -3.6

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 10.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 33 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.45
 
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.