Fund Evaluator:
Avantis® Emerging Markets Equity G (AVENX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
| 55.1% | Invesco Emerging Markets ex-China Y (GTDYX) |
| 51.1% | WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) |
| 47.2% | Matthews Emerging Markets Sust Fut Inv (MASGX) |
| 46.5% | Lazard Emerging Markets Equity Instl (LZEMX) |
| 46.5% | LSV Emerging Markets Equity Inv (LVAZX) |
Fund Details
Avantis® Emerging Markets Equity G Overview
Avantis® Emerging Markets Equity G (AVENX) is an actively managed International Equity Diversified Emerging Mkts fund. Avantis Investors launched the fund in 2021.
The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. It may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries. The fund managers consider an emerging market country to be any country other than a developed country.
About Avantis® Emerging Markets Equity G (AVENX)
There are 5 members of the management team with an average tenure of 5.84 years: Daniel Ong (2019), Mitchell Firestein (2019), Eduardo Repetto (2019), Ted Randall (2019), Matthew Dubin (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM IMI NR USD index with a weighting of 100%. Avantis® Emerging Markets Equity G has 3415 securities in its portfolio. The top 10 holdings constitute 29.3% 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® Emerging Markets Equity G is part of the Equity global asset class and is within the International Equity fund group. Avantis® Emerging Markets Equity G has 96.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.7%. There is 96.9% 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 Equity G has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $105 million in total assets, which is below the $967 million 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.
AVENX 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 Equity G expense ratio is low compared to funds in the Diversified Emerging Mkts category. Avantis® Emerging Markets Equity 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® Emerging Markets Equity G has a portfolio turnover rate of 22%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Avantis® Emerging Markets Equity G returned -6.4%, which earned it a grade of D, as the Diversified Emerging Mkts category had an average return of -4.9%. 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® Emerging Markets Equity G has a trailing yield of 2.94%, which is above the 1.72% category average. The fund normally distributes its income 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 Equity G Grades
Year to date, the fund has returned 15.6%, 3.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 29.9% over the past year (grade of D), 18.9% over the past three years (grade of C) and 9.1% per year over the past five years (grade of A).
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AVENX 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 |
|
| AVENX Return (NAV) | -6.4% | 0.1% | 29.9% | 18.9% | 9.1% | na |
| AVENX Grade | D | F | D | C | A | na |
| +/- Category | -1.4% | -2.3% | -6.0% | 1.0% | 2.6% | na |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| AVENX Tax Cost Ratio | na | na | 1.2% | 1.4% | 1.3% | na |
AVENX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AVENX Return (NAV) | 15.6% | 32.6% | 7.9% | 15.5% | -17.8% | 5.4% | 15.7% | na | na | na | na |
| AVENX Grade | D | C | B | B | A | A | D | na | na | na | na |
| +/- Category | -3.4% | 1.2% | 1.7% | 3.4% | 4.8% | 5.7% | -5.9% | na | na | na | na |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 15.6% |
| Total Risk Index: | 1.27 - Above Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (33% Rank) |
| Beta: | 1.00 |
| R-Squared: | 79% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $1131 Mil |
| Fund Total Assets: | $ 105 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 22% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 6.7 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Ong Daniel (2019), Firestein Mitchell (2019), Repetto Eduardo (2019), Randall Ted (2019), Dubin Matthew (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 3415 |
| % in Top 10 Holdings: | 29.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.9% |
Portfolio Allocation |
|
| Domestic Stock: | 1.7% |
| Foreign Stock: | 96.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | Avantis Investors |
| Phone Number: | 888-345-2071 |
| Website: | americancenturyetfs.com |
| Status: | Open |
| Inception Date: | January 20, 2021 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Avantis® Emerging Markets Equity Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
