Fund Evaluator:

Avantis U.S. Large Cap Value G Overview

Avantis U.S. Large Cap Value G (ALCEX) is an actively managed U.S. Equity Large Value fund. Avantis Investors launched the fund in 2022.

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of U.S. large-cap companies across market sectors and industry groups. It seeks securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics. Conversely, the fund seeks to underweight or exclude securities the Advisor expects to have lower returns, such as securities of companies with lower levels of profitability and less attractive value characteristics.

About Avantis U.S. Large Cap Value G (ALCEX)

There are 5 members of the management team with an average tenure of 3.80 years: Daniel Ong (2022), Mitchell Firestein (2022), Eduardo Repetto (2022), Ted Randall (2022), Matthew Dubin (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Avantis U.S. Large Cap Value G has 218 securities in its portfolio. The top 10 holdings constitute 21.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Avantis U.S. Large Cap Value G is part of the Equity global asset class and is within the U.S. Equity fund group. Avantis U.S. Large Cap Value G has 3.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.5%. There is 3.0% 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 U.S. Large Cap Value G has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $30 million in total assets, which is below the $1 billion average for the Large Value 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.

ALCEX 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 U.S. Large Cap Value G expense ratio is low compared to funds in the Large Value category. Avantis U.S. Large Cap Value G has an expense ratio of 0.00%, which is 100% 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 U.S. Large Cap Value G has a portfolio turnover rate of 57%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, Avantis U.S. Large Cap Value G returned 1.7%, which earned it a grade of D, as the Large Value category had an average return of 2.9%. 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 funds in that category.

Avantis U.S. Large Cap Value G has a trailing yield of 1.00%, which is below the 1.20% category average. The fund normally distributes its income 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 U.S. Large Cap Value G Grades

Year to date, the fund has returned 25.0%, 10.7 percentage points better than the category, which translates into a grade of A. The fund has returned 38.5% over the past year (grade of A) and 20.8% over the past three years (grade of A).

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