AVDV ETF: Insights Into International Small-Cap Value Exposure and Recent Moves

Key Takeaways

• AVDV is an actively managed international small-cap value ETF with roughly $20 billion in net assets and a 0.36% net expense ratio.
• The portfolio holds more than 1,700 non-U.S. developed-market small-cap companies, with Japan, the United Kingdom, Canada, and Australia as its largest country exposures.
• Sector positioning is concentrated in basic materials, industrials, consumer cyclicals, and financials, giving the fund a pronounced cyclical and commodity-sensitive tilt.
• The fund traded down roughly 3.9% over the most recent 30-day window, while its quarter-to-date path has been broadly range-bound following a summer rally and autumn pullback.
• Recent performance has been shaped by gold and base-metal miners, the Japanese equity and currency backdrop, and the broader value-versus-growth rotation.
• For additional pages covering this ticker's Price Targets and Forecast, investors can explore the dedicated AVDV charting and prediction pages.
• Readers can also explore Trending AI Robots for algorithm-driven market screening and trade-idea generation.

Understanding the Avantis International Small Cap Value ETF (AVDV)

The AVDV seeks long-term capital appreciation by investing primarily in a broad group of non-U.S. small-capitalization value companies across developed markets. Under normal conditions, the fund invests at least 80% of its assets in securities of small-cap companies, blending size and value factors with profitability screens intended to avoid low-quality value traps. It is an actively managed fund from Avantis Investors, an affiliate of American Century, and it began trading in September 2019. With a net expense ratio of 0.36% and more than 1,700 holdings, the portfolio is highly diversified; no single position typically exceeds roughly 1% of assets. Top holdings include AT&S Austria Technologie & Systemtechnik, Perseus Mining, B2Gold, Whitbread, Clal Insurance Enterprises, Lion Finance Group, Regis Resources, Coeur Mining, Burberry Group, and OceanaGold.

Sector and Geographic Breakdown

From a sector standpoint, basic materials account for roughly 23% of assets, followed by industrials near 22%, consumer cyclicals near 17%, and financials around 13%. Energy contributes about 9%, while technology and other defensive sectors remain comparatively small. Geographically, Japan is the largest country weight at roughly 30%, with the United Kingdom, Canada, and Australia each representing a meaningful share. This concentrated exposure to mining, metals, and industrials, combined with a heavy Japanese allocation, is central to understanding the fund's recent behavior. I also checked this using Tickeron’s AI Screener to see how the fund compares to others in the international value space.

Industry and Thematic Landscape

AVDV operates at the intersection of several structural investment themes: international small-cap value investing, commodity-linked materials and energy exposure, and a meaningful Japanese equity allocation. Its basic materials and energy sleeves make it sensitive to gold, silver, copper, and other industrial-metal prices, as well as to the earnings cycles of mid-tier and small-cap miners across Canada and Australia. The fund's industrials and consumer-cyclical positions tie its performance to global manufacturing activity, capital spending, and consumer demand in developed markets. At the same time, its Japanese overweight means that currency dynamics, particularly the yen against the U.S. dollar, and the outlook for Japanese corporate governance reforms are important macro variables.

Performance and Positioning Snapshot

Over the most recent 30-day period, AVDV declined by approximately 3.9%, a move that reflects a pullback in the international small-cap value complex after an earlier advance. The fund's quarter-to-date path has been more range-bound: it rallied through late July and August into an early-September peak before giving back much of those gains, leaving it near where it began the three-month stretch. The recent softness has coincided with weakness in the gold and base-metal mining names that populate the fund's basic-materials sleeve, including positions such as Perseus Mining, B2Gold, Coeur Mining, Regis Resources, and OceanaGold. A firmer U.S. dollar and softer risk appetite for smaller, more cyclically exposed international companies also weighed on returns.

2026 Outlook and Key Factors to Monitor

Looking ahead, several structural factors are likely to shape AVDV's trajectory. Commodity prices, particularly gold and industrial metals, will remain a key driver given the fund's materials overweight, as will the earnings and capital-allocation cycles of small- and mid-cap miners in Canada and Australia. The direction of the Japanese yen and the pace of Japan's corporate governance improvements also matter for the fund's largest country exposure. Interest-rate expectations and inflation trends across developed markets will influence both the relative appeal of value equities and the performance of financials and cyclicals. Capital flows into international small-cap value strategies, alongside sector rotation between growth and value styles, represent additional variables to watch.

Using Tickeron’s AI Screener in My Research

In my research process, I often turn to Tickeron’s AI Screener. It lets me quickly scan thousands of securities using technical indicators, fundamentals, volatility measures, price patterns, and industry filters. The tool helps surface comparable opportunities across international value and commodity-linked sectors, giving a structured starting point when analyzing holdings like those in AVDV or similar funds.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

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