AVEM
Avantis Emerging Markets Equity ETF
AVEM is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 26.8 B
ASSETS UNDER MGMT
33 bp
EXPENSES
Fund Basics
| Inception date | Sep 17, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR-SP ADR | 6.5 % |
| HYNIX SEMICONDUCTOR INC | 3.7 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 3.5 % |
| TENCENT HOLDINGS LTD | 1.8 % |
| SAMSUNG ELECTR-GDR 144A | 1.5 % |
| CHINA CONSTRUCTION BANK-H | 1.1 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 1.0 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 0.9 % |
| DELTA ELECTRONICS INC | 0.8 % |
| CHROMA ATE INC | 0.8 % |
Constituent Breakdown
| Number of holdings | 3981 |
| Herfindahl-Hirschman Index | 91 |
| Wgt avg mkt cap (mns) | $185,675 |
| Large cap (>$10bn) | 59.7% |
| Mid cap ($2-10bn) | 21.8% |
| Small cap (<$2bn) | 6.5% |
| Developed mkts. | 3.9% |
| Emerging mkts. | 83.1% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 23.1 % |
 |
CHINA | 17.6 % |
 |
SOUTH KOREA | 13.4 % |
 |
INDIA | 10.7 % |
 |
BRAZIL | 4.1 % |
 |
HONG KONG | 3.2 % |
 |
SOUTH AFRICA | 3.0 % |
 |
MEXICO | 1.8 % |
 |
SAUDI ARABIA | 1.8 % |
 |
POLAND | 1.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.9% | 50.7% | 26.8% | 23.2% | 7.0% | -- | -- | 10.5% |
| Dividend Yield | 0.1% | 4.1% | 3.7% | 3.7% | 3.1% | -- | -- | 2.7% |
| Total Returns | 26.0% | 54.8% | 30.5% | 26.9% | 10.1% | -- | -- | 13.2% | Ann. Volatility | 25.7% | 19.4% | 19.5% | 17.9% | 18.3% | -- | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.26 | 58% |
| MSCI EAFE | 1.05 | 66% |
| MSCI Emg Mkts | 0.97 | 98% |
Liquidity Measures
| Avg. volume (000) | 2,105 |
| ADV traded (mns) | $210 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $92.15 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 1.98/1.83 |
| Bollinger Bands (Upper/Lower) | $98.20/$89.37 |
| Short interest (% of AUM) | 0.2% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AVEM |
Expenses vs. AVEM |
ALTAR Score™ vs. AVEM |
|---|---|---|---|---|
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 59.7% | 0 bp | -0.3% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 56.1% | 0 bp | -1.0% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 48.9% | +5 bp | +0.1% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 48.9% | +2 bp | +0.2% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 46.2% | +16 bp | +0.7% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 43.9% | -24 bp | +1.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 42.7% | +33 bp | +0.3% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 42.2% | +20 bp | -1.8% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 42.1% | -22 bp | +0.9% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 41.9% | +8 bp | +0.1% |
Risk and Returns: AVEM 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 6/3/2026
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
7.0%
ALTAR SCORE™
46th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. AVEM's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places AVEM in the 46th percentile
among funds in the category.
Sell-Side Consensus
$113.72
PRICE TARGET
+14.2%
UPSIDE