AVSE Fees and Costs — Avantis Responsible 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 $8K in broker commissions, 0.0112% of average net assets, and portfolio turnover was 2%.
AVSE Fees and Expenses
Annual operating expenses and sales charges of AVSE. 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 |
AVSE Costs Over Time
On $10,000 invested in AVSE, assuming 5% a year before costs, total costs come to $216 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 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $118 | $216 |
| Value after costs | $10,464 | $11,458 | $12,547 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
AVSE 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): 0.0112%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $6.6M
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $972K
- Net income from securities lending: $28K (0.041% of average net assets)
AVSE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $5K | 73.15% |
| Sanford C. Bernstein | $870 | 11.58% |
| Jefferies LLC | $740 | 9.85% |
| J.P. Morgan Securities | $263 | 3.51% |
| Bank of America Merrill Lynch | $75 | 1.00% |
| Citadel Securities CSHC US LLC | $63 | 0.84% |
| Citigroup Capital Markets Inc | $7 | 0.09% |
AVSE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Warburg | $2.9M | 44.25% |
| Bank of America Merrill Lynch | $1.8M | 26.55% |
| Goldman Sachs | $1.2M | 18.67% |
| J.P. Morgan Securities | $348K | 5.25% |
| Morgan Stanley | $174K | 2.64% |
| Cielo SA | $48K | 0.73% |
| Citigroup Capital Markets Inc | $46K | 0.69% |
| Vinda International Holdings | $45K | 0.68% |
| UMW Holdings BHD | $20K | 0.30% |
| Almacenes Exito SA ADR | $16K | 0.24% |
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.