AVDE Fees and Costs — Avantis International Equity ETF
Data updated: 2026-07-29
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $111K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 3%.
AVDE Fees and Expenses
Annual operating expenses and sales charges of AVDE. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AVDE Costs Over Time
On $10,000 invested in AVDE, assuming 5% a year before costs, total costs come to $148 over 5 years, cutting the return by 0.24% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $81 | $148 |
| Value after costs | $10,476 | $11,496 | $12,615 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
AVDE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $111K
- Bought from dealers (principal trades, not a cost): $328.7M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $148.3M
- Net income from securities lending: $1.3M (0.032% of average net assets)
AVDE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $37K | 33.18% |
| Jefferies LLC | $30K | 26.95% |
| Sanford C. Bernstein | $22K | 19.52% |
| J.P. Morgan Securities | $12K | 10.41% |
| Bank of America Merrill Lynch | $9K | 7.72% |
| UBS Warburg | $2K | 2.21% |
AVDE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $93.7M | 29.08% |
| Bank of America Merrill Lynch | $68.6M | 21.30% |
| J.P. Morgan Securities | $54.9M | 17.04% |
| UBS Warburg | $50.3M | 15.61% |
| Morgan Stanley | $37.6M | 11.66% |
| Citigroup Capital Markets Inc | $10.7M | 3.32% |
| Euronav NV | $3.4M | 1.06% |
| JSR Corp | $1.5M | 0.47% |
| Toshiba Corp | $823K | 0.26% |
| Macquarie Securities | $661K | 0.21% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.