Avantis International Small Cap Value ETF (AVDV), issued by American Century ETF Trust and managed by Avantis Investors, an investment offering of American Century Investments, provides actively managed exposure to non-U.S. small-cap value equities in developed markets. The fund invests primarily in equity securities of small-capitalization companies domiciled in developed markets outside the United States, emphasizing stocks with low valuations relative to fundamentals and higher profitability metrics to mitigate value traps; it employs a quantitative, rules-based approach incorporating size, value, and profitability factors without tracking a specific index. AVDV's portfolio comprises approximately 1,552 holdings across sectors such as industrials, materials, and financials, with top exposures including companies like Mitsui Kinzoku, Marks and Spencer Group, and B2Gold Corp.; the fund maintains a net expense ratio of 0.36% and targets long-term capital appreciation for investors seeking international small-cap value diversification. Launched on September 24, 2019, and listed on NYSE Arca, the ETF operates globally with assets under management exceeding $13 billion as of late 2025.
In recent developments, Avantis Investors marked significant growth milestones, surpassing $75 billion in assets under management in early 2025 and crossing $10 billion AUM specifically for AVDV in July 2025, reflecting strong investor demand for its factor-based strategy amid international equity rotations. The firm expanded internationally through a strategic alliance with CIBC Asset Management Inc. in November 2025 to launch eight Avantis CIBC ETFs in Canada, including offerings mirroring international small-cap value themes; it also entered the European market with UCITS ETFs listed on SIX Swiss Exchange in June 2025 and gained traction in Germany and the UK. Additional expansions included the April 2025 launch of Avantis Credit ETF (AVGB) and entries into active credit and quality equity strategies, underscoring Avantis' ongoing platform growth powered by American Century Investments.