ETF PROAI

Avantis Emerging Markets Equity ETF

$93.05+1.10% today
7110052-WK

The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries.

Price & daily flows
95.489.082.693.05DAILY NET FLOWFeb 17Apr 17Jun 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +18.0% so far this year. At 0.33% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$6.3Bassets under management
0.33%expense ratio · $33 per $10,000 a year
net flow, trailing month
1.9Mavg daily volume, 30 days
3340holdings · US-domiciled
2019listed September 16, 2019 · beta 1.46
Sector weights
Other28.06%
Technology22.15%
Information Technology21.61%
Finance21.13%
Financials19.77%
Financial Services19.69%
Electronic Technology19.19%
Consumer Discretionary17.08%
Consumer Cyclical12.71%
Industrials11.07%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other27.7%
China22.18%
India21.36%
Taiwan20.97%
Taiwan (Province of China)17.26%
Taiwan, Province of China14.21%
Korea, Republic of13.32%
South Korea12.68%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.9%
1 month+4.2%
3 months+2.9%
6 months+7.9%
YTD+18.0%
1 year+31.2%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
26%realized volatility, 30 days (annualized)
24%realized volatility, 1 year
-14.3%deepest fall from a peak, 1 year
-7.1%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
2puts today
put/call ratio
1.9Mshares traded
The case against AVEM

Due diligence cuts both ways. These funds sit on the same shelf and beat AVEM on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-29bp on fee · 5× the assets · +$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M-26bp on fee · 31× the assets · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B-24bp on fee · 26× the assets · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M-26bp on fee · 2× the assets · +$739M in over the monthHead-to-head
IXUS iShares Core MSCI Total International Stock ETF0.07%$46.2B-26bp on fee · 7× the assetsHead-to-head
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THE DESK BRIEF

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