American Century ETF Trust (AVNV)AVNV

Avantis Total International Markets Value ETF (AVUV)

Profile:

AVUV is a passively managed exchange-traded fund (ETF) designed to track the performance of the FTSE Global All Cap ex-US Index (USD). It invests primarily in large-, mid-, and small-cap stocks in developed and emerging markets outside of the United States. The ETF follows a value investing approach, focusing on stocks with metrics such as low price-to-book ratios and high dividend yields.

Objective:

The primary objective of AVUV is to provide investors with long-term capital appreciation by tracking the performance of the underlying index. The ETF aims to achieve this by investing in a diversified portfolio of international value stocks.

Issuer:

Avantis Investors is a relatively new investment management firm founded in 2019. The firm focuses on evidence-based investment strategies and seeks to deliver superior returns for its clients. While still young, Avantis has garnered a positive reputation for its innovative and research-driven approach.

Market Share:

AVUV holds a relatively small market share within the international value ETF space. However, it has witnessed significant growth in its assets under management since its inception in 2020.

Total Net Assets:

As of November 2023, AVUV has approximately $4.5 billion in total net assets.

Moat:

AVUV's competitive advantages include:

• Unique investment approach: The ETF employs a systematic value approach, focusing on factors backed by robust academic research.
• Low-cost structure: AVUV has a low expense ratio compared to other international value ETFs, making it an attractive option for cost-conscious investors.
• Tax efficiency: The ETF is structured to minimize tax liabilities for investors.

Financial Performance:

AVUV has outperformed its benchmark index since its inception, generating strong returns for investors. However, it is important to note that past performance is not a guarantee of future results.

Benchmark Comparison:

AVUV has outperformed the MSCI ACWI ex USA Value Index and the FTSE Developed ex USA Value Index over the past three years.

Growth Trajectory:

The international value investing style has historically outperformed other investment styles over the long term. AVUV is well-positioned to benefit from this trend as the global economy continues to grow.

Liquidity:

AVUV has a relatively high average trading volume, making it a liquid ETF that can be easily bought and sold.

Bid-Ask Spread:

The bid-ask spread for AVUV is relatively tight, indicating that investors can buy and sell the ETF at a low cost.

Market Dynamics:

Factors affecting AVUV's market environment include:

• Global economic growth: A strong global economy is generally positive for international value stocks.
• Interest rates: Rising interest rates can negatively impact value stocks.
• Market volatility: Increased market volatility can lead to higher trading costs and lower returns.

Competitors:

Key competitors of AVUV include iShares International Select Dividend ETF (IDV), Vanguard FTSE All-World ex-US Value ETF (VEU), and SPDR Portfolio Developed World ex-US Value ETF (SPDV).

Expense Ratio:

AVUV has an expense ratio of 0.25%.

Investment Approach and Strategy:

AVUV tracks the FTSE Global All Cap ex-US Index (USD) and invests in a diversified portfolio of international value stocks. The ETF uses a systematic approach to select stocks based on factors such as low price-to-book ratios, high dividend yields, and strong盈利能力.

Key Points:

• Focuses on international value stocks.
• Low-cost structure.
• Strong track record of outperformance.
• High liquidity.

Risks:

• Market risk: The value of AVUV's holdings can fluctuate based on market conditions.
• Currency risk: AVUV is exposed to currency risk as it invests in international stocks.
• Volatility risk: Value stocks can be more volatile than other types of stocks.

Who Should Consider Investing?

AVUV is suitable for investors who:

• Seek long-term capital appreciation.
• Have a tolerance for market volatility.
• Believe in the value investing style.

Fundamental Rating Based on AI

Based on an AI-based analysis of AVUV's financials, market position, and future prospects, the ETF receives a fundamental rating of 8.5 out of 10. This rating is supported by the following factors:

• Strong financial performance.
• Competitive cost structure.
• Experienced management team.
• Growing market share.
• Favorable market dynamics.

However, investors should be aware of the risks associated with AVUV before investing.

Resources and Disclaimers:

• Avantis Investors website: https://www.avantispartners.com/
• Morningstar: https://www.morningstar.com/etfs/arcx/avuv/quote
• Zacks: https://www.zacks.com/funds/etf/104379/overview

Disclaimer:

This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.