The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund designed to provide exposure to value-oriented equities across emerging markets. The ETF is managed by Avantis Investors and trades under the ticker AVES on NYSE Arca.

Classified as an equity ETF focused on emerging-markets value stocks, AVES seeks to invest in companies exhibiting characteristics associated with the value factor, including relatively lower valuations compared to financial fundamentals.

The fund uses a systematic approach based on quantitative criteria related to valuation, profitability, market capitalization, and liquidity. Unlike traditional index-tracking ETFs, the strategy uses portfolio selection and weighting methodologies defined by the manager.

The methodology seeks to maintain diversified exposure to emerging-market companies with value characteristics across multiple economic sectors.

Diversification and sector exposure

AVES provides exposure to emerging-market value equities distributed across sectors including:

• Information technology.

• Financials.

• Consumer discretionary and consumer staples.

• Health care.

• Industrials.

• Natural resources and energy.

This composition reflects multiple segments of global emerging economies with a value-oriented investment profile.

Structure and costs

AVES shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. AVES may distribute income derived from dividends paid by companies held in the portfolio.

History and evolution of the ETF

The Avantis Emerging Markets Value ETF was launched in 2023, during a period of growing interest in multifactor investment strategies and emerging-market exposure with a value-oriented approach.

Since inception, the fund has reflected movements associated with emerging economies, global interest-rate cycles, and fluctuations in sectors tied to value-oriented investing across international markets.

In recent years, AVES has reflected changes in global macroeconomic conditions, capital flows into emerging markets, and performance differences between growth and value investment strategies.

Additional Information

Avantis Emerging Markets Value ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $1.45 billion.

Over the past 12 months, Avantis Emerging Markets Value ETF recorded a return of 7.06%, with its price trading between $56.60 and $68.97 during the same period.

The ETF is traded under the ticker AVES.