- CEO
- Joseph F. Woody
- Full Time Employees
- 5,000
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Jun 29, 2023
- Business
- Avantis All International Markets Equity ETF (AVNM) is an actively managed exchange-traded fund that seeks long-term capital appreciation by providing exposure to a broadly diversified set of companies and sectors across international developed and emerging market countries, with a focus on securities exhibiting higher expected returns based on current market pricing information. The ETF pursues indexing benefits such as diversification, low turnover, and transparency while incorporating active investment decisions; it achieves this objective primarily through investments in a portfolio of underlying Avantis ETFs, including Avantis International Equity ETF (approximately 41%), Avantis International Large Cap Value ETF (approximately 21%), Avantis Emerging Markets Equity ETF (approximately 18%), Avantis Emerging Markets Value ETF (approximately 12%), and Avantis International Small Cap Value ETF (approximately 9%). These holdings span large-, mid-, and small-cap equities across key regions including Japan, the United Kingdom, China, Canada, and Taiwan, with sector allocations emphasizing financials, industrials, consumer discretionary, materials, and energy; the fund benchmarks against the MSCI ACWI ex USA IMI Index and features a net expense ratio of 0.31%.
Launched on June 27, 2023, and listed on NYSE Arca, AVNM is sponsored and managed by Avantis Investors, a boutique investment firm established in 2019 as part of American Century Investments and headquartered at 360 East 2nd Street in Los Angeles, California. The fund targets investors seeking efficient international equity exposure outside the United States, serving financial advisors, institutions, and individual portfolios through broker-dealers and retirement plans.
In recent developments, Avantis Investors has maintained a fee waiver of 0.02% on AVNM's management fee through at least December 31, 2025, supporting competitive cost positioning amid growing assets under management reaching approximately $316 million as of mid-2025; the firm has also expanded its ETF suite with related products while benefiting from American Century's proprietary holdings structure, enhancing operational scale without major acquisitions or partnerships announced for AVNM specifically in 2024-2025. Portfolio management remains led by a seasoned team including Eduardo Repetto, Ph.D. (since 2019), Mitchell Firestein (since 2019), Daniel Ong, CFA (since 2019), Ted Randall (since 2019), and Matthew Dubin (since 2021), with no reported strategic shifts or reorganizations.