AVDS Fees and Costs — Avantis International Small Cap Equity ETF
Data updated: 2026-07-29
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $4K in broker commissions, 0.0240% of average net assets, and portfolio turnover was 6%.
AVDS Fees and Expenses
Annual operating expenses and sales charges of AVDS. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
AVDS Costs Over Time
On $10,000 invested in AVDS, assuming 5% a year before costs, total costs come to $205 over 5 years, cutting the return by 0.34% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $112 | $205 |
| Value after costs | $10,466 | $11,464 | $12,557 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
AVDS 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): 0.0240%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $12.3M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $33K
- Net income from securities lending: $338 (0.002% of average net assets)
AVDS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $3K | 85.28% |
| Jefferies LLC | $247 | 7.00% |
| Sanford C. Bernstein | $109 | 3.09% |
| J.P. Morgan Securities | $94 | 2.67% |
| Bank of America Merrill Lynch | $52 | 1.46% |
| UBS Warburg | $17 | 0.49% |
| Citadel Securities CSHC US LLC | $0 | 0.01% |
AVDS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $6.6M | 53.91% |
| J.P. Morgan Securities | $2.7M | 22.45% |
| Bank of America Merrill Lynch | $1.7M | 14.05% |
| UBS Warburg | $670K | 5.50% |
| Morgan Stanley | $386K | 3.17% |
| Citigroup Capital Markets Inc | $36K | 0.30% |
| Infocom Corp | $24K | 0.20% |
| Saras Spa | $20K | 0.17% |
| Euronav NV | $17K | 0.14% |
| Boral Ltd | $15K | 0.13% |
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.