AVDE

The Avantis International Equity ETF (AVDE) invests primarily in equity securities of developed‑market companies outside the United States, covering all market‑capitalization sizes and a broad range of sectors such as financial services, industrials, basic materials and consumer industries. The fund is actively managed with a factor‑based approach that tilts toward smaller‑cap and value‑oriented stocks, using the MSCI World ex‑USA IMI Index as a performance benchmark and may employ derivatives for market exposure and currency management. Because it provides diversified non‑U.S. equity exposure with an active, value‑focused strategy, it can suit investors looking to complement a core U.S. portfolio with global developed‑market equities and who are comfortable with active management and the inherent currency risk.