ETF Evaluator:
Avantis All Equity Markets ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Large-Stock Blend Over the Last Year
| 48.9% | Sarmaya Thematic ETF (LENS) |
| 33.3% | AXS Green Alpha ETF (NXTE) |
| 30.2% | AXS Knowledge Leaders ETF (KNO) |
| 29.8% | First Eagle Global Equity ETF (FEGE) |
| 28.9% | Invesco Global Equity Net Zero ETF (IQSZ) |
Risk
Index
Risk
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ETF Details
Avantis All Equity Markets ETF Overview
Avantis All Equity Markets ETF (AVGE) is an actively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). Avantis Investors launched the ETF in 2022.
The investment seeks long-term capital appreciation.
Under normal market conditions, the fund will invest at least 80% of its assets in equity ETFs. The managers will strategically allocate to the underlying funds across geographies and investment styles to achieve the desired allocation. The underlying funds represent a broadly diversified basket of equity securities that seek to overweight securities that are expected to have higher returns or better risk characteristics than a passive, market-cap weighted index.
About Avantis All Equity Markets ETF (AVGE)
There are 5 members of the management team with an average tenure of 3.84 years: Daniel Ong (2022), Mitchell Firestein (2022), Eduardo Repetto (2022), Ted Randall (2022) and Matthew Dubin (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI IMI NR USD index with a weighting of 100%. Avantis All Equity Markets ETF has 15 securities in its portfolio. The top 10 holdings constitute 95.5% 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 All Equity Markets ETF is part of the Equity global asset class and is within the International Equity ETF group. Avantis All Equity Markets ETF has 30.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 69.7% There is 30.1% 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 All Equity Markets ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $2 billion average for the Global Large-Stock Blend 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.
AVGE 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 All Equity Markets ETF expense ratio is below average compared to funds in the Global Large-Stock Blend category. Avantis All Equity Markets ETF has an expense ratio of 0.23%, which is 53% lower than its category average, making the fund expense ratio grade a A. 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 All Equity Markets ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 50% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, Avantis All Equity Markets ETF returned -0.2%, which earned it a grade of D, as the Global Large-Stock Blend category had an average return of 0.0%. 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 All Equity Markets ETF has a trailing yield of 1.41%, which is below the 1.66% 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 All Equity Markets ETF Grades
Year to date, the ETF has returned 15.8%, 6.6 percentage points better than the category, which translates into a grade of A. The fund has returned 27.9% over the past year (grade of A) and 18.4% over the past three years (grade of B).
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AVGE 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 |
|
| AVGE Return (NAV) | -0.2% | 3.9% | 27.9% | 18.4% | na | na |
| AVGE Return (Price) | -0.3% | 3.9% | 27.8% | 18.4% | na | na |
| NAV +/- Price Return | 0.092% | 0.059% | 0.117% | 0.007% | na | na |
| Global Large-Stock Blend Avg | 0.0% | 3.1% | 19.1% | 15.1% | 8.5% | 11.5% |
| AVGE Grade (NAV) | D | C | A | B | na | na |
| +/- Category (NAV) | -0.2% | 0.9% | 8.8% | 3.2% | na | na |
| AVGE Tax-Cost Ratio | na | na | 0.5% | 0.7% | na | na |
AVGE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AVGE Return (NAV) | 15.8% | 20.9% | 13.9% | 19.2% | na | na | na | na | na | na | na |
| AVGE Return (Price) | 15.8% | 20.8% | 14.0% | 19.1% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.002% | -0.002% | 0.001% | -0.006% | na | na | na | na | na | na | na |
| Global Large-Stock Blend Avg | 9.2% | 20.4% | 13.8% | 18.7% | -17.7% | 17.3% | 18.3% | 26.8% | -9.1% | 23.4% | 8.1% |
| AVGE Grade (NAV) | A | C | D | C | na | na | na | na | na | na | na |
| +/- Category | 6.6% | 0.4% | 0.2% | 0.5% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.95 |
| R-Squared: | 88% |
| Standard Deviation: | 12.7% |
| Category Risk Index: | 0.95 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.04 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 1,109 Mil |
| Share Class Assets: | $ 1,109 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.23% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI IMI 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: 3.8 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Ong Daniel (2022), Firestein Mitchell (2022), Repetto Eduardo (2022), Randall Ted (2022), Dubin Matthew (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 15 |
| % in Top 10 Holdings: | 95.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 30.1% |
Portfolio Allocation |
|
| Domestic Stock: | 69.7% |
| Foreign Stock: | 30.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| 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: | September 27, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.23% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.49% |
