Avantis International Equity ETF (AVDE)

The fund seeks long-term capital appreciation.

The fund primarily invests in a diverse group of non-U.S. companies across countries, market sectors, and industry groups, potentially including companies of all market capitalizations. It emphasizes securities of companies with smaller market capitalizations, higher profitability, and attractive value characteristics, while underweighting or excluding securities of larger companies with lower profitability and less attractive value characteristics. Portfolio managers use market capitalization as a baseline for security weighting, adjusting based on profitability, value, and past performance. They regularly review inclusion criteria and may deemphasize or dispose of securities that no longer meet their criteria.