AVANTIS ALL EQUITY MARKETS ETF (AVGE) Report

What this ETF is trying to do

The AVANTIS ALL EQUITY MARKETS ETF (AVGE) is an asset-type ETF designed to provide exposure to various equity markets. Based on its top holdings, the fund invests in a mix of U.S. stocks, international stocks, and emerging markets. It uses different types of funds to cover large-cap, small-cap, mid-cap, and value-focused areas of the market.

What the numbers show

The data shows that AVGE has experienced growth in both its share price and its total return.

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 15.90%. Over the last year, the one-year price return was approximately 19.37%. Looking back three years, the three-year price return was approximately 70.00%.

• Total Return: This includes both the share price changes and the distributions paid out. The YTD total return is approximately 17.09%. The one-year total return was approximately 21.63%, and the three-year total return was approximately 80.16%.

To visualize the price change, an investor could look at the estimated price from roughly one year ago, which was $83.41, compared to the current price of $99.57.

Income and distribution explanation

AVGE provides cash distributions to investors. The distribution yield is approximately 1.73%. This means the amount of cash distributed is about 1.73% relative to the ETF's price. The fund usually pays these distributions on a quarterly basis, with 4 payments recorded over the last 12 months. The most recent distributions have typically been paid on Thursdays.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Top Holdings

The following are the top holdings in the portfolio (as of October 12, 2026):

• AVANTIS US EQUITY ETF (43.47%)

• AVANTIS US LARGE CAP VALUE ETF (15.23%)

• AVANTIS INTERNATIONAL EQUITY ETF (10.44%)

• AVANTIS EMERGING MARKETS EQUITY ETF (6.74%)

• AVANTIS INTERNATIONAL LARGE CAP VAL ETF (5.33%)

• AVANTIS US SMALL CAP VALUE ETF (3.43%)

• AVANTIS US SMALL CAP EQUITY ETF (3.41%)

• AVANTIS EMERGING MARKETS VALUE ETF (3.33%)

• AVANTIS REAL ESTATE ETF (2.70%)

• AVANTIS U.S. MID CAP EQUITY ETF (1.33%)

Pros

• The fund has shown positive price returns and total returns over the one-year and three-year periods.

• The erosion-risk measurements indicate no detected price erosion.

Cons

• As an equity ETF, it is subject to market fluctuations.

Beginner takeaway

AVGE is an equity-based ETF that has shown significant total returns over the last three years. While it provides a modest distribution yield, the primary driver of its recent performance has been share-price growth. There are currently no flags indicating severe price erosion risk.