What defines a Large Value ETF?

A Large Value ETF invests in companies with larger market capitalisations that exhibit lower valuations relative to their fundamentals, such as earnings or book value. Both AVLV and FNDX fall into the Large Value category, meaning they aim to capture exposure to established companies that might be undervalued or priced attractively. These funds typically focus on firms expected to provide stability or mean-revert in price over time.

What is a 'not available' data point?

When data such as 'Index tracked' or 'Sector weights' is listed as not available, it means the specific fund provider or data source has not disclosed these details for the funds in question. AVLV and FNDX currently have no public index or sector weight information available for detailed review. Investors should rely on other available metrics, such as top holdings and expense ratios, to understand fund exposure.

What is a top holding weight?

A top holding weight is the percentage of a fund's total assets invested in a specific stock. For example, MSFT is a top holding in AVLV at 3.30%, while AAPL is the largest in FNDX at 4.76%. This metric helps investors gauge the concentration risk within the fund. High weights in single companies mean the fund's performance will be more influenced by those specific stocks compared to a more diversified holding structure.

What is the expense ratio?

The expense ratio is the annual fee charged by a fund to manage its assets, deducted from investor returns. It is a critical factor as it reduces overall performance over time. AVLV has an expense ratio of 0.15%, while FNDX charges 0.25%. This means AVLV is 0.10 percentage points cheaper annually. Lower fees generally mean more of the gross return is retained by investors, which can have a compounding benefit over long investment horizons.

Why are fund track records important?

Track records indicate how long a fund has been operating, offering insight into its management consistency and historical stability. FNDX has an inception date of August 15, 2013, providing a longer operational history. In contrast, AVLV began on September 21, 2021, and has a shorter track record. A longer history can provide more data for analysis, while newer funds may reflect more recent strategy implementations but lack long-term performance data.

What is net asset value in ETFs?

Net assets represent the total market value of the fund's holdings after deducting liabilities. Both funds hold substantial assets: AVLV has $21.5 billion, and FNDX has $28.3 billion. Large net assets generally indicate higher liquidity, making it easier to buy or sell shares without significantly impacting the price. These sizes suggest both are major players in the Large Value space with established investor bases and operational scale.

What is a dividend yield?

The dividend yield shows how much a fund pays out in dividends relative to its share price. FNDX offers a 1.43% yield, which is slightly higher than AVLV's 1.11%. Dividends provide income to investors, and even a modest difference can impact total return calculations over time. Both funds are Large Value ETFs and distribute dividends to investors, though the specific amount varies based on the underlying companies' payment policies and the fund's asset size.

Are the top holdings similar?

Yes, there is some overlap. Both AVLV and FNDX list Microsoft (MSFT), Amazon (AMZN), Apple (AAPL), JPMorgan Chase (JPM) and Exxon Mobil (XOM) among their top 10 holdings. However, the weights differ significantly. AVLV holds MSFT at 3.30% and META at 3.24%, while FNDX holds AAPL at 4.76% and MSFT at 2.78%. This indicates both funds have similar core exposures but distinct top-tier positions.

What does it mean that fund data is not available?

It means certain technical details are missing. Both AVLV and FNDX do not have public records of their Index tracked or Sector weights, and the top holdings are not available for detailed review. This limits transparency regarding how the funds are constructed or diversified by sector. Investors relying on sector rotation or specific index tracking strategies may find this lack of data a constraint when comparing these two specific Large Value ETFs.

How does the sector composition differ?

Unfortunately, the specific sector weights for both funds are not available. The fund data explicitly lists 'Sector weights' as not available for AVLV and FNDX. Therefore, a direct comparison of their sector diversification is not possible using the provided ground truth. Investors cannot determine if one fund is overweight technology or financials versus the other without further information from the issuers.

Which fund might suit a cost-conscious investor?

For investors prioritising lower ongoing costs, AVLV might be more appealing due to its 0.15% expense ratio compared to FNDX's 0.25%. This 0.10 percentage point difference reduces the fee drag on returns. Conversely, investors who prefer longer operating histories or slightly higher current yields might consider FNDX, which has an inception date from 2013 and a 1.43% dividend yield. The choice depends on whether minimising fees or seeking established performance history is the higher priority.

What are the liquidity and size implications?

FNDX has larger net assets at $28.3 billion compared to AVLV's $21.5 billion. Both sizes are substantial and suggest strong market interest and liquidity. However, FNDX's larger asset base and longer history since its August 2013 inception may suggest a more established trading environment. The provided data does not specify liquidity issues for AVLV, as its $21.5 billion is also considered very high.

AVLV vs FNDX

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Avantis U.S. Large Cap Value ETF (AVLV) and Schwab Fundamental US Large Company ETF (FNDX). Explore differences in expense ratios (0.15% vs 0.25%), holdings, dividends and how each fund tracks its market. Both are Large Value funds, but they hold different top companies and have varied asset sizes. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVLV

Metric

FNDX

0.15%

Expense Ratio

0.25%

1.11%

Dividend Yield

1.43%

$21.49B

Net Assets

$28.32B

303

Holdings

733

Sep 21, 2021

Inception Date

Aug 15, 2013

–

Index Tracked

–

Large Value

Fund Category

Large Value

AVLV costs about $10.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	AVLV	FNDX
MSFTMicrosoft Corporation	3.30%	2.78%
AMZNAmazon.com, Inc.	2.90%	1.75%
AAPLApple Inc.	2.75%	4.76%
JPMJPMorgan Chase & Co.	2.74%	1.61%
XOMExxonMobil Holdings Corporation	2.42%	2.46%

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Investment Analysis

AVLV

Pros

Incurs a lower annual expense ratio of 0.15 percent compared to the alternative fund.
Holds net assets of 21.5 billion dollars indicating substantial size and liquidity.
Top holdings include MSFT and META with weights exceeding 3 percent.

Considerations

Dividend yield is 1.11 percent which is relatively modest.
Inception date of September 2021 suggests a shorter track record.
Index tracked and sector weights are not available for detailed review.

FNDX

Pros

Inception date of August 2013 provides a longer operational history.
Holds net assets of 28.3 billion dollars indicating very high liquidity.
Dividend yield is 1.43 percent which is slightly higher than the alternative fund.

Considerations

Annual expense ratio is 0.25 percent which is higher than the alternative fund.
Top holdings include AAPL with a weight of 4.76 percent.
Index tracked and sector weights are not available for detailed review.

About AVLV and FNDX

AVLV (AVLV)

The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund designed to provide exposure to large-capitalisation companies in the United States that are considered undervalued relative to their fundamentals. Launched in September 2021, this fund seeks to capture the value factor, which historically suggests that cheaper stocks may outperform more expensive ones over long periods. With a low expense ratio of 0.15%, it offers a cost-efficient way for investors to diversify their portfolios within the US equity market. The fund holds over 300 companies, providing broad exposure while maintaining a focus on value metrics. Investors should note that while value stocks can offer attractive opportunities, they may underperform growth stocks during certain market cycles. As with any investment, values can rise and fall, and returns are not guaranteed.

FNDX (FNDX)

The Schwab Fundamental US Large Company ETF (FNDX) is an exchange-traded fund focused on large-cap U.S. companies with fundamental value characteristics. It aims to track an index designed to reflect the performance of these firms, using metrics like cash flow and dividends to determine weighting. With net assets of USD 28.32 billion, it offers broad exposure to established businesses through its 733 holdings. The fund operates with a 0.25% expense ratio and provides a dividend yield of 1.43%. Inception occurred on August 15, 2013. As with any investment, its value can fluctuate, and returns are not guaranteed.

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AVLV vs FNDX

Fund Snapshot