(AVES) Avantis Emerging Markets - NYSE

The Avantis® Emerging Markets Value ETF (AVES) targets a broad spectrum of equity securities across various market capitalizations within emerging market economies. The fund maintains a mandate to invest at least 80% of its assets in companies located in these regions, specifically focusing on those exhibiting value characteristics such as low price-to-book ratios or high profitability relative to price. This strategy aims to capture the value premium often found in developing markets where asset mispricing can be more prevalent than in developed exchanges.

The funds investment universe aligns closely with the MSCI Emerging Markets Value IMI Index, providing exposure to sectors such as financials, materials, and energy which typically dominate value-oriented emerging market portfolios. Unlike growth-focused funds that prioritize technology and consumer discretionary sectors, value models in emerging markets often rely on tangible assets and established cash flows. Investors may find it useful to evaluate these specific factor exposures on ValueRay. Emerging market investments involve unique risks, including currency volatility and varying levels of regulatory oversight compared to domestic markets.