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Avantis Emerging Markets Equity UCITS ETF is an actively managed ETF: it does not track an index — the declared index (MSCI Emerging Markets IMI Index) is a comparison yardstick only. The declared annual cost (TER) is 0.35%, plus 0.04% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 261 million euro, was launched on 9 December 2024 and is domiciled in Ireland.
Investment objective The investment objective of Avantis Emerging Markets Equity UCITS ETF (the "Fund") is to seek longterm capital appreciation through investment in an actively managed portfolio of equity and equity-related securities issued by large, mid and small capitalisation companies related to emerging market countries. Investment policies The Fund will seek to achieve its investment objective by investing at least 80% of its Net Asset Value in a portfolio of equities and equity related securities in emerging markets countries, China H-shares, P-chips and red-chips, common shares, convertible stock, preferred shares, rights issues, equity warrants which will not embed derivatives and stock options of issuers in emerging market countries. The Fund may invest up to 10% of its NAV in Eligible Collective Investment Schemes. In exceptional market or economic conditions, the Fund may temporarily invest up to 100% of its NAV in cash, cash equivalents, and ancillary liquid assets. These assets can include deposits, Investment Grade short term debt securities, variable rate notes, money market instruments, and convertible bonds issued by sovereign, governmental, supranational, and corporate entities listed on any Regulated Market. Convertible bonds, arising from corporate actions, will be divested as soon as practicable to maximize returns to Shareholders. The Fund will not invest in contingent convertible bonds. Benchmark The Fund is an actively managed exchange traded fund (ETF). The Fund does not seek to replicate the performance of a specified index but does reference the MSCI Emerging Markets IMI Index (USD) (the "Benchmark") for comparative purposes only. Further information on the Benchmark can be found at www.msci.com.
Keep reading the KID section ▾
Redemption and DealingThe shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference.
Your shares will be denominated in USD, the Fund's base currency. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange(s) on which the shares are traded. Please refer to the Fund's Prospectus for more information.
Distribution PolicyYour shares do not pay income, but instead the Fund reinvests such income to grow your capital. Launch date The Fund and the Share class were launched on 09/ 12/2024. Fund Currency Reference currency of the Fund is USD. Conversion of shares Shareholders will be able to apply to exchange all or part of their holding of shares of any class in any sub-fund for shares in another class. For more detailed explanation, please refer to the Prospectus. Asset Segregation American Century ICAV is an umbrella Fund with one or more sub-funds. Each sub-fund may be further divided into shares of different classes to accommodate different subscription and/or redemption charges and/or minimum investment initial subscription amounts and/or dividend and/or charges and/or fee arrangements and/or denomination currencies and/or currency hedging strategies. A separate pool of assets will not be maintained for each class. Details of the sub-funds and their classes will be specified in the relevant Supplement to the Prospectus available at https://www.avantisinvestors.com.
Intended retail investorThis product is intended for investors who plan to stay invested for at least 5 years and are prepared to take on a medium level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Term The Fund is open-ended and has no maturity date. Subject to the liquidation, dissolution and termination rights of the board of the ICAV as set forth in the ICAV prospectus, the Fund cannot be automatically terminated. The PRIIP manufacturer, Waystone Management Company (IE) Limited, is not entitled to terminate the product unilaterally. Practical information Depositary The Fund's assets are held with its depositary, State Street Custodial Services (Ireland) Limited. Further information Further information about American Century ICAV, copies of its prospectus, annual and half-yearly reports may be obtained free of charge in English at the offices of the Management Company at any time during normal business hours.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 19 Mar 2025 | 08 Apr 2025 | -12.93% | 12 May 2025 | 54 |
| 26 Feb 2026 | 31 Mar 2026 | -12.72% | 04 May 2026 | 67 |
| 22 Jun 2026 | 29 Jul 2026 | -12.69% | ongoing | 78 |
| 09 Dec 2024 | 13 Jan 2025 | -7.13% | 12 Feb 2025 | 65 |
| 02 Jun 2026 | 08 Jun 2026 | -6.44% | 18 Jun 2026 | 16 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.3 | 5.6 | -12.2 | 13.0 | 8.8 | -1.2 | -5.1 | 5.2 | 1.9 | 24.0 | |||
| 2025 | 1.6 | 1.2 | 1.5 | 1.1 | 5.9 | 6.4 | 1.6 | 1.9 | 5.6 | 3.2 | -1.3 | 2.5 | 35.8 |
| Last year | Full history | |
|---|---|---|
| Volatility (ann.) | 17.27% | 16.23% |
| Max drawdown | -12.11% | -16.42% |
| Sharpe | 1.66 | 1.25 |
| Sortino | 2.37 | 1.74 |
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Düsseldorf | AVEM | 12 Dec 2024 |
| Börse Frankfurt | AVEM | 12 Dec 2024 |
| Börse Hamburg | AVEM | 24 Mar 2025 |
| Börse Hannover | AVEM | 18 Mar 2025 |
| Börse München / gettex | AVEM | 7 Jan 2025 |
| Börse Stuttgart | AVEM | 27 Mar 2025 |
| Tradegate Exchange | AVEM | 18 Dec 2024 |
| Xetra (Deutsche Börse) | AVEM | 12 Dec 2024 |