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
910.7 M
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Fund sponsor | American Century Investments |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 28, 2021 |
| Assets (mns) | $911 |
| Expense ratio | 36 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CHINA HONGQIAO GROUP LTD | 1.1 % |
| CATHAY FINANCIAL HOLDING CO | 1.0 % |
| VALE SA-SP ADR | 0.9 % |
| CHINATRUST FINANCIAL HOLDING | 0.9 % |
| KUAISHOU TECHNOLOGY CLASS B | 0.9 % |
| FUBON FINANCIAL HOLDING CO | 0.9 % |
| HANA FINANCIAL GROUP | 0.9 % |
| CHINA PACIFIC INSURANCE GR-H | 0.8 % |
| KING YUAN ELECTRONICS CO LTD | 0.8 % |
| KB FINANCIAL GROUP INC-ADR | 0.8 % |
Constituent Breakdown
| Number of holdings | 1794 |
| Herfindahl-Hirschman Index | 58 |
| Wgt avg mkt cap (mns) | $51,517 |
| Large cap (>$10bn) | 51.8% |
| Mid cap ($2-10bn) | 37.2% |
| Small cap (<$2bn) | 15.8% |
| Developed mkts. | 14.9% |
| Emerging mkts. | 91.8% |
Country Exposure
 |
TAIWAN | 19.3 % |
 |
CHINA | 18.2 % |
 |
INDIA | 15.8 % |
 |
SOUTH KOREA | 12.1 % |
 |
HONG KONG | 4.8 % |
 |
BRAZIL | 4.1 % |
 |
SOUTH AFRICA | 3.8 % |
 |
SAUDI ARABIA | 1.6 % |
 |
MALAYSIA | 1.5 % |
 |
INDONESIA | 1.5 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 26.2% | 26.2% | 12.6% | 12.5% | -- | -- | -- | 3.6% |
| Dividend Yield | 4.3% | 4.3% | 4.2% | 4.3% | -- | -- | -- | 3.9% |
| Total Returns | 30.5% | 30.5% | 16.8% | 16.8% | -- | -- | -- | 7.4% | Ann. Volatility | 16.1% | 16.1% | 15.7% | 15.1% | -- | -- | -- | 16.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 50% |
| MSCI EAFE | 0.79 | 65% |
| MSCI Emg Mkts | 0.87 | 90% |
Liquidity Measures
| Avg. volume (000) | 63 |
| ADV traded (mns) | $4 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $58.20 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 0.74/0.56 |
| Bollinger Bands (Upper/Lower) | $60.44/$56.15 |
| Short interest (% of AUM) | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 39.8% | -3 bp | +7.5% |
| AVEM | Avantis Emerging Markets Equity ETF | 36.9% | -3 bp | +8.3% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 34.7% | -3 bp | +8.0% |
| DFEV | Dimensional Emerging Markets Value ETF | 30.8% | +7 bp | +11.1% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 29.0% | +17 bp | +6.7% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 27.6% | +2 bp | +8.3% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 24.5% | +13 bp | +9.0% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 24.0% | +5 bp | +8.1% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 23.9% | -1 bp | +8.4% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 23.5% | +8 bp | +9.2% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 1/11/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
AVES
9.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 136 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.5%. AVES's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places AVES in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AVESSELL
U/W
HOLD
O/W
BUY