Fund Evaluator:

Avantis U.S. Small Cap Equity G Overview

Avantis U.S. Small Cap Equity G (AVSBX) is an actively managed U.S. Equity Small Blend fund. Avantis Investors launched the fund in 2024.

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of U.S. small cap companies across market sectors and industry groups. The advisor seeks 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 relative to other U.S. small cap companies.

About Avantis U.S. Small Cap Equity G (AVSBX)

There are 5 members of the management team with an average tenure of 2.11 years: Daniel Ong (2024), Mitchell Firestein (2024), Eduardo Repetto (2024), Ted Randall (2024), Matthew Dubin (2024). Management tenure is more important for actively managed funds than passive index funds.

Avantis U.S. Small Cap Equity G has 1172 securities in its portfolio. The top 10 holdings constitute 3.7% 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. Small Cap Equity G is part of the Equity global asset class and is within the U.S. Equity fund group. Avantis U.S. Small Cap Equity G has 2.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.6%. There is 2.4% 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. Small Cap Equity G has 8.0% of the portfolio in cash.

Assets Under Management

The fund has $765 million in total assets, which is below the $685 million average for the Small 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.

AVSBX 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. Small Cap Equity G expense ratio is low compared to funds in the Small Blend category. Avantis U.S. Small Cap 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 U.S. Small Cap Equity G has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.

Recently, in the month of July 2026, Avantis U.S. Small Cap Equity G returned -1.5%, which earned it a grade of A, as the Small Blend category had an average return of -2.8%. 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. Small Cap Equity G has a trailing yield of 1.14%, which is above the 0.42% 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. Small Cap Equity G Grades

Year to date, the fund has returned 24.0%, 5.9 percentage points better than the category, which translates into a grade of A. The fund has returned 40.7% over the past year (grade of A).

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