Avantis Investors®, a $25 billion* investment offering from global asset manager American Century Investments®, has expanded its exchange traded fund (ETF) platform with the listing of four new actively managed ETFs: Avantis All Equity Markets Value ETF (AVGV), Avantis All International Markets Equity ETF (AVNM), Avantis All International Markets Value ETF (AVNV) and Avantis Moderate Allocation ETF (AVMA). Each fund seeks long-term capital appreciation and is listed on the New York Stock Exchange (NYSE Arca, Inc.).
"It has always been our goal to offer a well-rounded suite of value-added funds for investors," said Avantis Chief Investment Officer Eduardo Repetto. "We are excited to add these four new ETFs to our lineup and expand the range of low-cost, tax-efficient solutions available to our clients."
All four ETFs are "fund of funds," and utilize a range of existing Avantis ETFs to build out multi-region and multi-asset class solutions. AVGV offers global equity exposure, while AVNM and AVNV offer exposure to non-U.S. developed and emerging markets. AVMA is designed to deliver a more balanced allocation, investing in both equity and fixed income ETFs.
"The fund of fund concept – or more precisely in this case the ETF of ETF – is one we have already deployed with the Avantis All Equity Markets ETF (AVGE) and seen significant adoption from investors," said Senior Portfolio Manager Mitchell Firestein. "I believe this really offers the best of both worlds. Investors get access to a range of our underlying, low-cost active funds with the added benefit of professional and tax-efficient rebalancing inside a single ETF. It helps streamline allocations for investors."
The ETFs will be co-managed by Repetto and Firestein, Senior Portfolio Managers Daniel Ong, CFA and Ted Randall, and Portfolio Manager Matthew Dubin. Following is information on the new ETFs:
|
Name |
Gross Expense Ratio |
Net Expense Ratio |
|
Avantis All Equity Markets Value ETF |
0.28 % |
0.26 % |
|
Avantis All International Markets Equity ETF |
0.33 % |
0.31 % |
|
Avantis All International Markets Value ETF |
0.36 % |
0.34 % |
|
Avantis Moderate Allocation ETF |
0.23 % |
0.21 % |
The advisor expects this waiver to continue until June 21, 2024 and cannot terminate it prior to such date without the approval of the Board of Directors. Review the annual or semiannual report for the most current information.
The four new funds add to Avantis Investors' lineup of ETFs and mutual funds spanning equities, fixed income and real estate. Current Avantis funds include:
- Avantis All Equity Markets ETF (AVGE);
- Avantis Core Fixed Income ETF (AVIG) and mutual fund (AVIGX);
- Avantis Core Municipal Fixed Income ETF (AVMU);
- Avantis Emerging Markets Equity ETF (AVEM) and mutual fund (AVEEX);
- Avantis Emerging Markets Value ETF (AVES);
- Avantis Inflation Focused Equity ETF (AVIE);
- Avantis International Equity ETF (AVDE) and mutual fund (AVDEX);
- Avantis International Large Cap Value ETF (AVIV);
- Avantis International Small Cap Value ETF (AVDV) and mutual fund (AVDVX);
- Avantis Real Estate ETF (AVRE);
- Avantis Responsible Emerging Markets Equity ETF (AVSE);
- Avantis Responsible International Equity ETF (AVSD);
- Avantis Responsible U.S. Equity ETF (AVSU);
- Avantis Short-Term Fixed Income ETF (AVSF) and mutual fund (AVSFX);
- Avantis U.S. Equity ETF (AVUS) and mutual fund (AVUSX);
- Avantis U.S. Large Cap Value ETF (AVLV) and mutual fund (AVLVX);
- Avantis U.S. Small Cap Equity ETF (AVSC); and
- Avantis U.S. Small Cap Value ETF (AVUV) and mutual fund (AVUVX).
Avantis helps clients achieve their investment goals through a persistent focus on providing well-diversified investment solutions that fit seamlessly into asset allocations and combine the potential for added value with the consistency of indexing. Repetto and Chief Operating Officer Patrick Keating, CFA, CPA have led Avantis since its start.
