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 | 1.4 % |
| HANA FINANCIAL GROUP | 1.1 % |
| INNOLUX CORP | 1.1 % |
| CATHAY FINANCIAL HOLDING CO | 1.0 % |
| LG ELECTRONICS-PFD | 0.9 % |
| KB FINANCIAL GROUP INC-ADR | 0.9 % |
| WOORI BANK | 0.8 % |
| TAISHIN FINANCIAL HOLDING | 0.8 % |
| SHINHAN FINANCIAL GROUP-ADR | 0.8 % |
Constituent Breakdown
| Number of holdings | 2000 |
| Herfindahl-Hirschman Index | 36 |
| Wgt avg mkt cap (mns) | $16,581 |
| Large cap (>$10bn) | 48.8% |
| Mid cap ($2-10bn) | 32.0% |
| Small cap (<$2bn) | 10.4% |
| Developed mkts. | 6.0% |
| Emerging mkts. | 86.3% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 27.7 % |
 |
SOUTH KOREA | 17.9 % |
 |
CHINA | 12.1 % |
 |
INDIA | 10.4 % |
 |
HONG KONG | 5.0 % |
 |
BRAZIL | 3.4 % |
 |
SOUTH AFRICA | 3.2 % |
 |
SAUDI ARABIA | 1.9 % |
 |
MEXICO | 1.7 % |
 |
POLAND | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.7% | 13.5% | 11.8% | 14.5% | 5.3% | -- | -- | 5.3% |
| Dividend Yield | 1.9% | 4.2% | 4.6% | 4.6% | 3.7% | -- | -- | 3.7% |
| Total Returns | 13.6% | 17.7% | 16.3% | 19.1% | 9.0% | -- | -- | 9.0% | Ann. Volatility | 22.5% | 20.6% | 18.7% | 17.5% | 17.4% | -- | -- | 17.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.24 | 60% |
| MSCI EAFE | 1.07 | 68% |
| MSCI Emg Mkts | 0.76 | 86% |
Liquidity Measures
| Avg. volume (000) | 104 |
| ADV traded (mns) | $6 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $63.16 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -1.29/-0.98 |
| Bollinger Bands (Upper/Lower) | $66.71/$59.28 |
| Short interest (% of AUM) | 0.7% |
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 | 39.3% | -3 bp | -2.0% |
| AVEM | Avantis Emerging Markets Equity ETF | 36.5% | -3 bp | -1.8% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 34.5% | -3 bp | -2.0% |
| DFEV | Dimensional Emerging Markets Value ETF | 30.6% | +10 bp | -0.8% |
| DEXC | Dimensional Emerging Markets ex China Core EquityETF | 27.0% | +20 bp | -2.9% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 26.2% | +3 bp | -1.9% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 23.7% | +8 bp | -1.9% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 22.8% | +22 bp | -0.3% |
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | 22.7% | +6 bp | -1.9% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 22.6% | -7 bp | -1.7% |
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 11/6/2026
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
10.6%
ALTAR SCORE™
83rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. AVES's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places AVES in the 83rd percentile
among funds in the category.
Sell-Side Consensus
$77.74
PRICE TARGET
+33.0%
UPSIDE