- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Jul 20, 2023
- Business
- Avantis International Small Cap Equity ETF (AVDS) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in a diverse group of non-U.S. small-cap companies across market sectors, industry groups, and countries; it emphasizes securities with higher profitability and valuation characteristics within the market capitalization range of the MSCI World ex USA Small Cap Index, considering factors such as adjusted cash from operations to book value, adjusted book-to-price ratios, past performance, liquidity, and costs; the fund holds approximately 2,900 securities with a weighted average market capitalization of $2.8 billion, top country exposures including Japan (31.90%), the United Kingdom (11.80%), Canada (9.85%), Australia (9.59%), and Sweden (4.53%), and leading sector allocations in industrials (23.10%), consumer discretionary (13.69%), and materials (16.00%). Launched on July 18, 2023, and listed on NYSE Arca, AVDS is managed by a team comprising Eduardo Repetto (chief investment officer), Mitchell Firestein, Daniel Ong, Ted Randall, and Matthew Dubin, all affiliated with Avantis Investors, a division of American Century Investments headquartered in Los Angeles, California. The fund maintains a net expense ratio of 0.30%, semi-annual dividend frequency, and total assets under management exceeding $140 million as of September 30, 2025. Avantis Investors, established in 2019 and backed by American Century Investments (a global asset manager founded in 1958 with over $200 billion in assets), offers AVDS as part of a broader lineup of low-cost, diversified equity, fixed income, and multi-asset strategies targeting financial advisors, institutions, and individual investors primarily in the United States, with expanding operations in Australia, Europe (including listings in London, Frankfurt, and Zurich), and Canada. Recent developments for Avantis Investors, the ETF's sponsor, include surpassing $100 billion in assets under management in December 2025 after nearly $27 billion in net new investments through November 2025; entering the Australian market in October 2025 via a partnership with Equity Trustees to launch three active ETFs (Avantis Small Cap Value Active ETF (AVTS), Global Equity Active ETF (AVTG), and Emerging Markets Equity Active ETF (AVTE)) on Cboe Australia; forming a strategic alliance with CIBC Asset Management Inc. in November 2025 to introduce eight Avantis CIBC ETFs in Canada; and achieving rapid growth in Europe with nearly $1 billion in assets for its UCITS ETFs within nine months of launch. These expansions reflect Avantis' strategic focus on broadening geographic reach and enhancing its active ETF platform while pursuing indexing benefits like diversification, low turnover, transparency, and tax efficiency combined with daily active oversight to potentially outperform benchmarks.