ETF Evaluator:
Avantis Emerging Markets Sm Cp Eq ETF ()
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(as of Aug 26)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 114.0% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 81.0% | FT EM Human Flourishing ETF (FTHF) |
| 68.7% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 67.8% | Freedom 100 Emerging Markets ETF (FRDM) |
| 59.4% | Pacific NoS Global EM Equity Active ETF (GEME) |
Risk
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ETF Details
Avantis Emerging Markets Sm Cp Eq ETF Overview
Avantis Emerging Markets Sm Cp Eq ETF (AVEE) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). Avantis Investors launched the ETF in 2023.
The investment seeks long-term capital appreciation.
The fund invests primarily in a diverse group of small cap companies related to emerging markets across market sectors, industry groups and countries. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies with higher profitability and value characteristics.
About Avantis Emerging Markets Sm Cp Eq ETF (AVEE)
There are 5 members of the management team with an average tenure of 2.73 years: Daniel Ong (2023), Mitchell Firestein (2023), Eduardo Repetto (2023), Ted Randall (2023) and Matthew Dubin (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI Emerging Markets Small Cap NR USD index with a weighting of 100%. Avantis Emerging Markets Sm Cp Eq ETF has 2802 securities in its portfolio. The top 10 holdings constitute 4.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Avantis Emerging Markets Sm Cp Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. Avantis Emerging Markets Sm Cp Eq ETF has 99.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.6% There is 99.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Avantis Emerging Markets Sm Cp Eq ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $110 million in total assets, which is below the $3 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AVEE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Avantis Emerging Markets Sm Cp Eq ETF expense ratio is average compared to funds in the Diversified Emerging Mkts category. Avantis Emerging Markets Sm Cp Eq ETF has an expense ratio of 0.42%, which is 19% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Avantis Emerging Markets Sm Cp Eq ETF has a portfolio turnover rate of 3%, which indicates that it holds its assets around / 0.3 years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Avantis Emerging Markets Sm Cp Eq ETF returned -8.2%, which earned it a grade of F, as the Diversified Emerging Mkts category had an average return of -3.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Avantis Emerging Markets Sm Cp Eq ETF has a trailing yield of 2.42%, which is above the 2.41% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Avantis Emerging Markets Sm Cp Eq ETF Grades
Year to date, the ETF has returned 2.6%, 14.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.9% over the past year (grade of F).
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AVEE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AVEE Return (NAV) | -8.2% | -9.2% | 7.9% | na | na | na |
| AVEE Return (Price) | -8.7% | -10.3% | 7.7% | na | na | na |
| NAV +/- Price Return | 0.503% | 1.096% | 0.179% | na | na | na |
| Diversified Emerging Mkts Avg | -3.0% | 3.0% | 31.9% | 16.6% | 7.1% | 7.8% |
| AVEE Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -5.2% | -12.1% | -24.0% | na | na | na |
| AVEE Tax-Cost Ratio | na | na | 0.9% | na | na | na |
AVEE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AVEE Return (NAV) | 2.6% | 19.5% | 3.2% | na | na | na | na | na | na | na | na |
| AVEE Return (Price) | 2.1% | 19.8% | 2.9% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.174% | 0.015% | -0.083% | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 17.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| AVEE Grade (NAV) | F | F | D | na | na | na | na | na | na | na | na |
| +/- Category | -14.5% | -9.7% | -3.5% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 111 Mil |
| Share Class Assets: | $ 111 Mil |
| Turnover: | 3.0% |
| Expense Ratio: | 0.42% |
| Index Fund: | No |
| Index Tracked: | MSCI Emerging Markets Small Cap NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 2.7 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Ong Daniel (2023), Firestein Mitchell (2023), Repetto Eduardo (2023), Randall Ted (2023), Dubin Matthew (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 2802 |
| % in Top 10 Holdings: | 4.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 99.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.6% |
| Foreign Stock: | 99.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Avantis Investors |
| Phone Number: | 800-345-2021 |
| Website: | americancenturyetfs.com |
| Inception Date: | November 7, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.42% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
