AVES
Avantis Emerging Markets Value ETF
AVES is an actively managed fund of emerging market equities with lower prices relative to their book values.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 1.4 B
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Inception date | Sep 28, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ADVANCED SEMICONDUCTOR E-ADR | 1.6 % |
| FUBON FINANCIAL HOLDING CO | 1.2 % |
| CHINATRUST FINANCIAL HOLDING | 1.2 % |
| ZHEN DING TECHNOLOGY HOLDING | 1.2 % |
| UNIMICRON TECHNOLOGY CORP | 1.1 % |
| HANA FINANCIAL GROUP | 1.0 % |
| VALE SA-SP ADR | 1.0 % |
| SAMSUNG ENGINEERING CO LTD | 1.0 % |
| GEELY AUTOMOBILE HOLDINGS LT | 1.0 % |
| LG INNOTEK CO LTD | 1.0 % |
Constituent Breakdown
| Number of holdings | 1887 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $16,250 |
| Large cap (>$10bn) | 47.7% |
| Mid cap ($2-10bn) | 32.3% |
| Small cap (<$2bn) | 11.1% |
| Developed mkts. | 6.2% |
| Emerging mkts. | 86.0% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 26.2 % |
 |
SOUTH KOREA | 19.6 % |
 |
CHINA | 12.5 % |
 |
INDIA | 9.6 % |
 |
HONG KONG | 5.5 % |
 |
BRAZIL | 3.3 % |
 |
SOUTH AFRICA | 3.1 % |
 |
SAUDI ARABIA | 1.9 % |
 |
MEXICO | 1.5 % |
 |
MALAYSIA | 1.3 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.7% | 15.3% | 12.6% | 10.2% | -- | -- | -- | 4.5% |
| Dividend Yield | 0.9% | 3.2% | 4.0% | 4.1% | -- | -- | -- | 3.6% |
| Total Returns | 7.6% | 18.5% | 16.6% | 14.3% | -- | -- | -- | 8.1% | Ann. Volatility | 24.1% | 20.0% | 19.1% | 17.4% | -- | -- | -- | 17.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 57% |
| MSCI EAFE | 1.04 | 67% |
| MSCI Emg Mkts | 0.77 | 87% |
Liquidity Measures
| Avg. volume (000) | 112 |
| ADV traded (mns) | $7 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $63.88 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.87/-0.75 |
| Bollinger Bands (Upper/Lower) | $66.16/$61.08 |
| Short interest (% of AUM) | 0.5% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AVES |
Expenses vs. AVES |
ALTAR Score™ vs. AVES |
|---|---|---|---|---|
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 38.1% | -3 bp | -2.6% |
| AVEM | Avantis Emerging Markets Equity ETF | 37.2% | -3 bp | -1.6% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 34.2% | -3 bp | -1.9% |
| DFEV | Dimensional Emerging Markets Value ETF | 30.4% | +7 bp | +0.5% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 26.1% | +2 bp | -1.5% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 25.8% | +17 bp | -3.4% |
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | 22.8% | +6 bp | -1.5% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 22.3% | +13 bp | -1.0% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 22.2% | +5 bp | -1.6% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 22.2% | -1 bp | -1.5% |
Risk and Returns: AVES vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
9.3%
ALTAR SCORE™
77th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 215 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.3%. AVES's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places AVES in the 77th percentile
among funds in the category.
Sell-Side Consensus
$76.59
PRICE TARGET
+16.9%
UPSIDE