FRCL 3 2022Q3 Hb Float (AVGE)
ARCA ARCA Primary Summary
AVGE Chart
AVGE: Sluggish 2025 Continues With Benchmark Underperformance
Avantis All Equity Markets ETF has underperformed its benchmark, the MSCI ACWI IMI, since its 2022 launch. AVGE's active management and sector allocations—especially lower tech and higher energy/emerging markets—have contributed to lagging returns versus ACWI. Despite a lower expense ratio (0.23%) than ACWI, AVGE's higher beta and weaker Sharpe ratio highlight less attractive risk-adjusted performance.
AVGE: An Underperforming Fund Of Funds
AVGE is an actively managed, globally diversified ETF with a lower expense ratio than ACWI but has underperformed since its 2022 launch. The fund's sector and geographic allocations—especially lower tech and higher energy/emerging markets—have hurt returns vs. the passive ACWI benchmark. Avantis All Equity Markets ETF's higher beta and low Sharpe ratio indicate higher risk without commensurate returns, making its risk/reward profile unattractive so far.
AVGE: A Fund Of Equity Funds Worth Considering
Avantis All Equity Markets ETF is a fund of funds, blending Avantis ETFs for diversified U.S. and global market access, with a tilt towards value. AVGE has low fees and diversification appeal, but a limited track record and potential lag during growth cycles. This may be worth considering with its unique sector mix and global stock exposure.
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FRCL 3 2022Q3 Hb Float Profile
| ARCA Exchange | US Country |
Overview
Under normal market conditions, the fund focuses on investing a minimum of 80% of its assets in equity ETFs. The management team employs a strategic allocation approach across different geographies and investment styles to achieve the fund’s desired allocation. This approach aims to create a broadly diversified basket of equity securities. Specifically, the fund seeks to overweight in securities believed to offer higher returns or exhibit better risk characteristics compared to a passive, market-cap weighted index. This strategy highlights the fund's proactive management in targeting investment opportunities that could potentially lead to outperformance against traditional market indices.
Products and Services
- Investment in Equity ETFs
The cornerstone of the fund's investment strategy involves allocating at least 80% of its assets into equity Exchange-Traded Funds (ETFs). This approach enables the fund to tap into the growth potential of various companies across different sectors and regions, providing a solid foundation for diversification and potential return on investment.
- Strategic Allocation across Geographies and Styles
To enhance portfolio returns and manage risk, the fund's managers strategically distribute investments across numerous geographic regions and investment styles. This dynamic allocation is designed to adapt to changing market conditions and to take advantage of different growth opportunities worldwide, balancing the investment across various markets to optimize the portfolio's risk-return profile.
- Overweighting in High-Return or Lower-Risk Securities
The fund aims to overweight its investments in securities that are expected to yield higher returns or have more favorable risk characteristics than those represented by a passive, market-cap weighted index. By identifying and investing in these select securities, the fund strives to achieve superior performance relative to traditional benchmarks, leveraging analysis and insights to forecast securities with promising outlooks.
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