Avantis Emerging Markets Equity ETF
ALTAR
Score™
8.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.8x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
2.6%


  • 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) $248
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 2465
Wgt avg mkt cap (mns) $93,522
Large cap (>$10bn) 56.9%
Mid cap ($2-10bn) 26.5%
Small cap (<$2bn) 15.0%
Developed mkts 13.0%
Emerging mkts 86.9%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 3.9 %
TAIWAN SEMICONDUCTOR-SP ADR 3.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.4 %
SAMSUNG ELECTR-GDR REGS 2.8 %
JD.COM INC-ADR 1.2 %
CHINA CONSTRUCTION BANK-H 1.1 %
INFOSYS TECHNOLOGIES-SP ADR 0.9 %
RELIANCE INDS-SPONS GDR 144A 0.9 %
LG CHEM LTD 0.8 %
CHINA MOBILE LIMITED SPONSORED ADR 0.8 %
Total 19.6 %

TOP COUNTRY EXPOSURE
CHINA 28.3 %
TAIWAN 13.6 %
SOUTH KOREA 12.3 %
INDIA 8.5 %
HONG KONG 7.3 %
BRAZIL 5.5 %
SOUTH AFRICA 3.7 %
RUSSIA 2.6 %
THAILAND 2.2 %
MALAYSIA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.3% -- -- -- 5.6%

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

Technical Indicators
Recent close $52.82
30d moving avg. $50.43
Annualized volatility 0.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.3%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $41,254

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.6%


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 47.9 13 20 7.7 -0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 46.5 65 -32 7.3 -1.3
VWO Vanguard FTSE Emerging Markets ETF 44.9 10 23 7.8 -0.8
EEM iShares MSCI Emerging Markets ETF 44.6 68 -35 7.2 -1.4
JHEM John Hancock Multifactor Emerging Markets ETF 44.2 49 -16 8.2 -0.4
SPEM SPDR Portfolio Emerging Markets ETF 44.2 11 22 7.7 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 44.1 50 -17 7.3 -1.3
GMF SPDR S&P Emerging Asia Pacific ETF 43.4 49 -16 7.1 -1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 41.3 36 -3 7.9 -0.7
SCHE Schwab Emerging Markets Equity ETF 41.3 11 22 7.7 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 40.9 68 -35 6.9 -1.7
FLAX Franklin FTSE Asia Ex Japan ETF 40.6 19 14 7.5 -1.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 39.5 15 18 8.4 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 38.6 30 3 7.6 -1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 38.2 30 3 8.5 -0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 37.8 59 -26 10.8 +2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 37.7 32 1 6.0 -2.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 35.7 45 -12 7.7 -0.9
BKF iShares MSCI BRIC ETF 33.5 69 -36 7.2 -1.4
BKEM BNY Mellon Emerging Markets Equity ETF 31.7 11 22 8.2 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.4 20 13 6.5 -2.1
ESGE iShares ESG MSCI EM ETF 31.3 25 8 8.4 -0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 31.3 49 -16 7.7 -0.9
DVEM WisdomTree Emerging Markets Dividend Fund 31.0 32 1 8.1 -0.5
MCHI iShares MSCI China ETF 29.9 59 -26 7.5 -1.1
GXC SPDR S&P China ETF 29.9 59 -26 7.7 -0.9
PXH Invesco FTSE RAFI Emerging Markets ETF 27.5 50 -17 13.2 +4.6
CN Xtrackers MSCI All China Equity ETF 27.3 50 -17 7.8 -0.8
FLCH Franklin FTSE China ETF 27.1 19 14 8.0 -0.6
KALL KraneShares FTSE Emerging Markets Plus ETF 24.9 49 -16 7.8 -0.8
ISEM Invesco Strategic Emerging Markets ETF 24.7 35 -2 10.2 +1.6
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 24.0 50 -17 10.2 +1.6
ROAM Hartford Multifactor Emerging Markets ETF 23.1 44 -11 14.5 +5.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 22.1 32 1 8.8 +0.2
EMXC iShares MSCI Emerging Markets ex China ETF 22.0 25 8 8.0 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 22.0 39 -6 12.7 +4.1
CWI SPDR MSCI ACWI ex-US ETF 21.9 30 3 7.1 -1.5
EMMF WisdomTree Emerging Markets Multifactor Fund 21.9 48 -15 9.2 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 20.4 8 25 7.5 -1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 20.2 45 -12 6.9 -1.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 19.9 32 1 5.8 -2.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 19.8 64 -31 4.5 -4.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 19.5 95 -62 9.0 +0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 19.3 16 17 6.8 -1.8
VSGX Vanguard ESG International Stock ETF 19.3 17 16 7.1 -1.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 18.9 25 8 7.7 -1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 18.9 49 -16 7.6 -1.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 18.7 18 15 5.3 -3.3
IXUS ishares Core MSCI Total International Stock ETF 18.5 9 24 7.3 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.5 40 -7 7.0 -1.6
BICK First Trust BICK Index Fund 18.1 64 -31 4.4 -4.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 17.9 45 -12 13.0 +4.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 17.7 45 -12 8.6 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 17.6 32 1 7.2 -1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.5 44 -11 8.8 +0.2
DEM WisdomTree Emerging Markets High Dividend Fund 17.4 63 -30 14.1 +5.5
CHIL Global X MSCI China Large-Cap 50 ETF 17.3 29 4 8.1 -0.5
VXUS Vanguard Total International Stock Index Fund 17.2 8 25 7.5 -1.1
RNEM Emerging Markets Equity Select ETF 16.6 75 -42 11.6 +3.0
ECON Columbia Emerging Markets Consumer ETF 15.2 59 -26 4.4 -4.2
EEMO Invesco S&P Emerging Markets Momentum ETF 14.7 29 4 6.2 -2.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 14.6 40 -7 7.1 -1.5
VYMI Vanguard International High Dividend Yield ETF 14.1 32 1 10.1 +1.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 14.0 45 -12 9.4 +0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 13.0 86 -53 2.0 -6.6
FRDM Freedom 100 Emerging Markets ETF 12.6 49 -16 6.5 -2.1
PIE Invesco DWA Emerging Markets Momentum ETF 12.6 90 -57 4.5 -4.1
FNI First Trust Chindia ETF 12.4 60 -27 2.6 -6.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.4 29 4 9.9 +1.3
KWEB KraneShares CSI China Internet ETF 12.2 76 -43 1.7 -6.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 12.1 69 -36 7.5 -1.1
FDNI First Trust Dow Jones International Internet ETF 11.4 65 -32 2.1 -6.5
AIA iShares Asia 50 ETF 11.3 50 -17 7.8 -0.8
GBUY Goldman Sachs Motif New Age Consumer ETF 10.7 50 -17 1.7 -6.9
TTTN UP Fintech China-U.S. Internet Titans ETF 10.6 59 -26 4.0 -4.6
FXI iShares China Large-Cap ETF 10.4 74 -41 13.0 +4.4
EWX SPDR S&P Emerging Markets Small Cap ETF 10.3 65 -32 5.8 -2.8
PGJ Invesco Golden Dragon China ETF 10.1 70 -37 3.1 -5.5
OGIG O'Shares Global Internet Giants ETF 9.9 48 -15 0.6 -8.0
XCEM Columbia EM Core ex-China ETF 9.8 16 17 7.2 -1.4
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 9.5 11 22 6.4 -2.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.4 20 13 11.1 +2.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 9.3 63 -30 12.4 +3.8
CHIQ Global X China Consumer ETF 9.3 65 -32 6.7 -1.9
JOYY Infusive Compounding Global Equities ETF 9.0 50 -17 3.6 -5.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 8.8 80 -47 3.7 -4.9
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.6 68 -35 3.5 -5.1
VT Vanguard Total World Stock Index Fund 8.4 8 25 6.0 -2.6
AIQ Global X Future Analytics Tech ETF 8.1 68 -35 3.7 -4.9
BUYZ Franklin Disruptive Commerce ETF 8.1 50 -17 -0.3 -8.9
DEW WisdomTree Global High Dividend Fund 8.1 58 -25 9.2 +0.6
LEGR First Trust Index Digital Transaction & Process Technology E 8.0 65 -32 6.8 -1.8
VIGI Vanguard International Dividend Appreciation ETF 8.0 25 8 5.6 -3.0
BLOK Amplify Transformational Data Sharing ETF 8.0 70 -37 4.2 -4.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 7.9 20 13 5.9 -2.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.9 58 -25 7.8 -0.8
GIGE SoFi Gig Economy ETF 7.8 59 -26 -0.7 -9.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 7.8 9 24 5.8 -2.8

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 1.2 x
Less: Expense ratio 33 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.