AVEE Fees and Costs — Avantis Emerging Markets Small Cap Equity ETF
Data updated: 2026-07-29
The net expense ratio is 0.42%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $6K in broker commissions, 0.0524% of average net assets, and portfolio turnover was 3%.
AVEE Fees and Expenses
Annual operating expenses and sales charges of AVEE. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
AVEE Costs Over Time
On $10,000 invested in AVEE, assuming 5% a year before costs, total costs come to $299 over 5 years, cutting the return by 0.50% 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 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $163 | $299 |
| Value after costs | $10,450 | $11,413 | $12,464 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
AVEE 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): 0.0524%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $4.8M
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
AVEE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $5K | 73.25% |
| J.P. Morgan Securities | $827 | 13.09% |
| Bank of America Merrill Lynch | $596 | 9.43% |
| Sanford C. Bernstein | $173 | 2.74% |
| Jefferies LLC | $94 | 1.48% |
AVEE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $1.6M | 32.51% |
| UBS Warburg | $1.3M | 26.36% |
| Goldman Sachs | $1.1M | 23.71% |
| J.P. Morgan Securities | $650K | 13.59% |
| Morgan Stanley | $176K | 3.69% |
| Cielo SA | $6K | 0.12% |
| Jasmine Intl Pcl NVDR | $1K | 0.03% |
| Citigroup Capital Markets Inc | $75 | 0.00% |
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.