Avantis filed for 6 new ETFs on March 21, 2023 – AVGV, AVDS, AVMG, AVTD, AVTV, and AVLC. I briefly summarize them here.
Update May 2024: The ticker for AVTV ended up being AVNV and is the Avantis All International Markets Value ETF.
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Avantis clearly provides great factor funds. They're expanding their offering with 6 new ETFs. Most are “fund of funds” products.
AVGV – Avantis All Equity Markets Value ETF
AVGV, the Avantis All Equity Markets Value ETF, will be a fund of funds – specifically 5 – to provide exposure to Value stocks around the globe. It will aim to deliver exposure of 60% U.S., 30% ex-US Developed Markets, and 10% Emerging Markets, which are close to current global market cap weights.
AVGV is for the die-hard factor investor who wants to go all in on Value globally. I reviewed it separately here.
AVGV will have a net expense ratio of 0.26%.
AVDS – Avantis International Small Cap Equity ETF
Previously, Avantis didn't have a product for the international small cap blend segment. AVDS will be the Avantis International Small Cap Equity ETF, for those who want exposure to small cap blend outside the U.S.
AVDS will have a fee of 0.30%.
AVMG – Avantis Moderate Allocation ETF
AVMG will be the first asset allocation ETF from Avantis, holding both stocks and fixed income at a target allocation of 67/33. Factor tilts are employed on the equities side and it is heavily biased toward the U.S. Target weights are 47% U.S., 12% ex-US Developed Markets, 6% Emerging Markets, 2% Real Estate, and 33% Fixed Income.
AVMG is a fund of funds with 12 constituent ETFs.
AVMG will have a net expense ratio of 0.21%.
AVTD – Avantis Total International Markets Equity ETF
AVTD is Avantis's factor tilt equivalent of the popular VXUS from Vanguard for the total international stock market outside the U.S. It is a fund of funds with 5 constituent ETFs and target exposure of 70% ex-US Developed Markets and 30% Emerging Markets.
AVTD will have a net expense ratio of 0.31%.
AVTV – Avantis Total International Markets Value ETF
If you want to go all in on Value stocks from the total international stock market, that's where AVTV comes in. Think of it like basically half of AVTD above. AVTV will also be a fund of funds with 3 ETFs and will also have target exposure of 70% ex-US Developed Markets and 30% Emerging Markets.
AVTV will have a net expense ratio of 0.34%.
Update May 2024: The ticker for this fund ended up being AVNV and is the Avantis All International Markets Value ETF.
AVLC – Avantis U.S. Large Cap Equity ETF
AVLC is the Avantis U.S. Large Cap Equity ETF. It will capture U.S. large cap stocks that exhibit favorable Value and Profitability characteristics. While Avantis has had AVUS for a while, AVUS covers all cap sizes, while AVLC here will focus in on U.S. large cap stocks.
AVLC will have a fee of 0.15%.
What do you think of these new funds from Avantis? Let me know in the comments.
Disclosures: I am long AVUV and AVDV.
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Any thoughts on AVEE? Would it be a more appropriate SCV than AVES if using Avantis funds? I’m leaning towards no and continuing AVES, as it seems they had to put some weird weights on countries just to make it small enough… Which is probably why AVES is the size it is.