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Avantis Emerging Markets Value ETF

AVES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 28 2021
Expense Ratio
0.36%
Type
Global Ex. US Equities
Fund Owner
Avantis Investors
Volume (1m avg. daily)
$1,970,929
AUM
$219,746,400
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

000660
SK Hynix Inc
1.09%
SHG
Shinhan Financial Group Co. Ltd. - ADR
1.01%
NTES
NetEase Inc - ADR
1.00%
BEKE
KE Holdings Inc - ADR
1.00%
2319
China Mengniu Dairy Company Limited
0.95%
YUMC
Yum China Holdings Inc
0.93%
ITUB
Itau Unibanco Holding S.A. - ADR
0.88%
005380
Hyundai Motor
0.88%
086790
Hana Financial Group Inc.
0.86%
KB
KB Financial Group Inc - ADR
0.83%
Invest with AVES

What is AVES?

Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries. The fund considers an emerging market country to be any country other than a developed country. However, the fund generally intends to focus its investments in a subset of the emerging markets countries that comprise the MSCI Emerging Markets Value IMI Index. The countries comprising the index will change from time to time, but as of July 30, 2021 include: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. In determining which of these countries to invest in, the portfolio managers consider the costs and benefits of investing in a particular country, including the size of the market and liquidity. To determine whether a company is related to an emerging market country, the portfolio managers will consider various factors, including where the company is headquartered, where the company s principal operations are located, where a majority of the company s revenues are derived, where the principal trading market is located, the country in which the company was legally organized, and whether the company is in the fund s benchmark the MSCI Emerging Markets Value IMI Index. The weight given to each of these factors will vary depending on the circumstances in a given case. The fund may invest in securities that are denominated in foreign currencies and may also invest in foreign securities that are represented in the U.S. and other securities markets by American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other similar depositary arrangements.

ETFs related toAVES

ETFs correlated to AVES include AVEM, DFEV, DFAE

AVES
American Century ETF Trust - Avantis Emerging Markets Value ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
TLTE
FlexShares Trust - FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
AVSE
American Century ETF Trust - Avantis Responsible Emerging Markets Equity ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
DFSE
Dimensional ETF Trust - Dimensional Emerging Markets Sustainability Core 1 ETF
JHEM
John Hancock Investment Management LLC - John Hancock Multifactor Emerging Markets ETF
DEHP
Dimensional ETF Trust - Dimensional Emerging Markets High Profitability ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.