AVEM Fees and Costs — Avantis Emerging Markets Equity ETF
Data updated: 2026-07-29
The net expense ratio is 0.33%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $457K in broker commissions, 0.0093% of average net assets, and portfolio turnover was 0%.
AVEM Fees and Expenses
Annual operating expenses and sales charges of AVEM. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
AVEM Costs Over Time
On $10,000 invested in AVEM, assuming 5% a year before costs, total costs come to $215 over 5 years, cutting the return by 0.36% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $117 | $215 |
| Value after costs | $10,464 | $11,459 | $12,548 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
AVEM 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): 0.0093%
- Total broker commissions: $457K
- Bought from dealers (principal trades, not a cost): $448.4M
- Portfolio turnover (prospectus): 0%
- Securities on loan, average value: $269.2M
- Net income from securities lending: $5.8M (0.118% of average net assets)
AVEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $204K | 44.69% |
| J.P. Morgan Securities | $115K | 25.19% |
| Bank of America Merrill Lynch | $53K | 11.60% |
| UBS Warburg | $37K | 8.07% |
| Sanford C. Bernstein | $26K | 5.67% |
| Jefferies LLC | $21K | 4.68% |
| Citigroup Capital Markets Inc | $440 | 0.10% |
AVEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Warburg | $153.8M | 34.45% |
| J.P. Morgan Securities | $109.5M | 24.52% |
| Goldman Sachs | $103.6M | 23.21% |
| Bank of America Merrill Lynch | $49.5M | 11.09% |
| Morgan Stanley | $14.3M | 3.21% |
| Citigroup Capital Markets Inc | $8.8M | 1.98% |
| Vinda International Holdings | $1.8M | 0.41% |
| Almacenes Exito SA | $1.8M | 0.41% |
| Cielo SA | $1.7M | 0.39% |
| Metro Pacific Investments Co | $1.4M | 0.32% |
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.