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Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison

Avantis Europe Equity UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE000SDFJUU0Ticker: AVEUIssuer: AvantisClass: Class-I Shares
Issuer-declared data
Declared index
MSCI Europe IMI Index
TER
0.25%
Transaction costs
0.01% (issuer estimate, from the KID)
Management
Active management
Replication
Physical
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
26.7 mln EUR
NAV
20.87 USD (1 September 2026)
Domicile
Ireland
Inception date
9 February 2026
Data as declared by Avantis in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Avantis Europe Equity UCITS ETF is an actively managed ETF: it does not track an index — the declared index (MSCI Europe IMI Index) is a comparison yardstick only. The declared annual cost (TER) is 0.25%, plus 0.01% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 27 million euro, was launched on 9 February 2026 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment objective The investment objective of Avantis Europe Equity UCITS ETF (the "Fund") is to seek long-term capital appreciation through investment in an actively managed portfolio of equity and equity-related securities issued by large, mid and small capitalisation companies in European developed market countries. Investment policies The Fund will seek to achieve its investment objective by investing in a portfolio of equities and equity-related securities, common shares, convertible stock, preferred shares, rights issues, equity warrants which will not embed derivatives, stock options and closed-ended investment funds including commercial trusts and real estate investment trusts ("REITs"). The Fund intends to invest up to 100% of its Net Asset Value in equities and equity-related securities of issuers located in European developed market countries. The Fund may invest up to 5% of its NAV in REITs which are pooled invest vehicles that invest in income producing real property or real property-related loans or interests listed, traded or dealt in on recognised stock exchanges. The Fund may invest up to 10% of its Net Asset Value in the units/shares of Eligible Collective Investment Schemes where such investments satisfy the requirements of the Central Bank. 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, whether denominated in the Base Currency or in other currencies. These assets may include deposits, Investment Grade short-term debt securities, variable rate notes, money market instruments (including treasury bills and commercial paper), and convertible bonds issued by sovereign, governmental, supranational, or corporate issuers and listed on any Regulated Market worldwide. Convertible bonds will only be held by the Fund as a result of a corporate action and will be divested of as soon as practicable while seeking to maximise the return 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 Europe IMI Index Net (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 09/02/ 2026. 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 KID’s “Objectives” section · 15 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.25%: above the median of equity ETFs we track (0.22%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Feb 2026 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+3.8%
Annualised
+6.7%
Volatility (ann.)
17.1%
Max drawdown
-11.66%
-13%-8%-3%+3%+8%Feb 2026Apr 2026May 2026Jul 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+4%Feb 2026Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%2026−11.66% · 20 Mar 2026
Max drawdown
-11.66%
peak → trough
Trough
20 Mar 2026
from the 25 Feb 2026 peak
Recovery time
89 days
recovery only: trough to break-even · ≈ 3 months
Underwater
112 days
decline + recovery: peak to break-even · ≈ 4 months · → recovered on 17 Jun 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
25 Feb 202620 Mar 2026-11.66%17 Jun 2026112
17 Jun 202624 Jun 2026-2.64%03 Jul 202616
03 Jul 202608 Jul 2026-2.50%30 Jul 202627
25 Aug 202602 Sept 2026-2.11%ongoing14
09 Feb 202613 Feb 2026-1.22%18 Feb 20269
Source: Avantis. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Full history
Volatility (ann.)13.96%
Max drawdown-9.91%
Sharpe0.63
Sortino0.93
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.25%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
1,254
Top-10 weight
13.9%

Top 10 holdings

ASML HOLDING NV NY REG SHS NY REG SHRS EUR.09 · ASML
3.08%
SHELL PLC ADR ADR · SHEL
1.37%
BANCO BILBAO VIZCAYA SP ADR ADR · BBVA
1.27%
UBS GROUP AG REG COMMON STOCK USD.1 · UBS
1.25%
HSBC HOLDINGS PLC SPONS ADR ADR · HSBC
1.21%
ALLIANZ SE REG COMMON STOCK · ALV
1.20%
ROCHE HOLDING AG COMMON STOCK CHF.001 · ROP
1.17%
ZURICH INSURANCE GROUP AG COMMON STOCK CHF.1 · ZURN
1.14%
BP PLC SPONS ADR ADR · BP
1.10%
NOVARTIS AG SPONSORED ADR ADR · NVS
1.07%

Sectors

Financials
27.0%
Industrials
21.0%
Health Care
9.0%
Consumer Discretionary
8.0%
Materials
7.0%
Information Technology
7.0%
Consumer Staples
6.0%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgium: 2%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 14%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 13%DjiboutiDenmark: 3%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 6%EstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 15%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItaly: 5%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 9%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 6%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom23%
France15%
Switzerland14%
Germany13%
Netherlands9%
Spain6%
Sweden6%
Download the full portfolio — Excel, 1,254 rows
Full portfolio declared by Avantis, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfAVEU12 Feb 2026
Börse FrankfurtAVEU12 Feb 2026
Börse HamburgAVEU13 May 2026
Börse HannoverAVEU29 Apr 2026
Börse München / gettexAVEU30 Mar 2026
Börse StuttgartAVEU2 Apr 2026
Tradegate ExchangeAVEU20 Feb 2026
Xetra (Deutsche Börse)AVEU12 Feb 2026
+ 10 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Avantis Europe Equity UCITS ETF track?
The issuer Avantis declares the benchmark: MSCI Europe IMI Index.
How much does AVEU cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.01%.
What is the fund size of AVEU?
The fund size declared by Avantis is about 27 million euro.
When was AVEU launched?
The fund was launched on 9 February 2026: it has been trading for 213 days: the page fills up as the issuer publishes data.
Is AVEU actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (MSCI Europe IMI Index) is a yardstick for comparison, not an index being tracked. Exposure is obtained through physical replication (issuer wording: “Active — Physical”).
Does AVEU pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does AVEU trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (AVEU), Börse Frankfurt (AVEU), Börse Hamburg (AVEU), Börse Hannover (AVEU), Börse München / gettex (AVEU), Börse Stuttgart (AVEU).
What was AVEU's worst fall?
Over the available history (since 2026), the maximum drawdown was -11.66%, reached in March 2026. Past performance is not indicative of future results.
How many securities does AVEU hold?
The declared portfolio holds 1,254 securities; the top 10 positions weigh 13.9%.
Transparency note
The data in this sheet is declared by Avantis in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.