US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
AvantisAVUVAvantis US Small Cap Value ETF
Actively-managed small-cap value strategy targeting US companies with high profitability and low valuation multiples.
Updated Reviewed quarterly
About this fund
What is AVUV?
AVUV is the US-listed ticker for Avantis US Small Cap Value ETF, issued by Avantis. Actively-managed small-cap value strategy targeting US companies with high profitability and low valuation multiples. TER is 0.25% per year. Distributions are paid quarterly.
Next typical distribution: December.AVUV typically pays in Mar · Jun · Sep · Dec. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy AVUV from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 HatchHatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 StakeStake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive BrokersInteractive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | US trading must be switched on by request, and covers a curated list of US securities — check this ticker is on it. |
 ASB SecuritiesASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is AVUV taxed for NZ investors?
AVUV is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000(source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to AVUV
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| USF | US 500 (USF) Smartshares · NZX | 0.34% | 0.7% | Semi-annual | PIE | AVUV vs USF |
| USG | US Growth (USG) Smartshares · NZX | 0.51% | 0.0% | None | PIE | AVUV vs USG |
| USS | US Small Cap (USS) Smartshares · NZX | 0.51% | 0.8% | Semi-annual | PIE | AVUV vs USS |
| USH | US 500 NZD-Hedged (USH) Smartshares · NZX | 0.38% | 0.7% | — | PIE | AVUV vs USH |
| SPY | SPY State Street · NYSE Arca | 0.09% | — | Quarterly | FIF | AVUV vs SPY |
Distribution history
Last 12 distributions — AVUV
AVUV typically distributes mar · jun · sep · dec. Per-payment history (amount + ex-date + payment date for the last 12 distributions) is published authoritatively on the issuer's own fact sheet and corporate-actions page. We have not yet verified a per-payment history for this fund against the issuer's records, so we point at the authoritative sources below rather than estimating.
Next typical distribution month: December. The exact ex-date and payment date are set by Avantis — verify on the issuer source below before relying on a specific date.
Authoritative sources for distribution history
- Avantis AVUV product page — corporate actions + distribution announcements
- Avantis AVUV fact sheet PDF — historical distribution table
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about AVUV
What is the AVUV ETF?⌄
AVUV is the Avantis US Small Cap Value ETF — actively managed by Avantis Investors (a subsidiary of American Century Investments). It targets US small-cap stocks with high profitability and low valuation multiples (small + value + quality factor tilt). TER is 0.25%, distributions paid quarterly. Yield ~—. Designed by ex-Dimensional Fund Advisors researchers using academic factor-investing principles.
Why pay an active TER for a small-cap value ETF?⌄
Avantis funds use systematic, rules-based screening — closer to enhanced indexing than traditional discretionary active management. The 0.25% TER reflects the cost of constructing a small + value + profitability factor portfolio (more turnover and screening cost than a pure index fund). Whether the factor premium justifies the higher cost depends on whether small-cap-value's historical premium persists — academic research is mixed.
AVUV vs IJS or VBR — alternatives?⌄
IJS (iShares S&P Small-Cap 600 Value) and VBR (Vanguard Small-Cap Value) are passive small-cap value alternatives with lower TERs than AVUV's 0.25% — check each issuer's fact sheet for current figures. AVUV is actively-screened with stronger profitability + valuation tilts. Historical performance has favoured the active approach in some periods, the passive approach in others. The cost gap compounds meaningfully over decades.
Can NZ residents buy AVUV?⌄
Yes. AVUV is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50,000 cost basis FIF rules apply. Note: small-cap-value strategies are higher-volatility than broad-market or large-cap-growth strategies, so the FDR-floor + decay interaction discussed in our FIF guide applies more strongly.
Where to buy AVUV from New Zealand
The platforms below all support AVUV. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch
Sharesies
Interactive Brokers
Stake
Tiger BrokersFees + platform details verified against each provider's published rate card. Always check the current schedule before transacting.Full platform comparison →
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Sources for this AVUV data
The figures on this page come from the documents below. We do not pull live prices; the data is reviewed against issuer fact sheets and exchange listings (last reviewed 2026-07-05). Which figures have been checked against the issuer by machine, rather than by eye, is stated below — an unchecked figure is labelled as such rather than left ambiguous.
- ○Total expense ratioNot independently verified — check the issuer documents below before relying on it. We review unsourced figures by 2027-03-04; if no issuer publishes one by then, this figure is removed rather than left standing.
Issuer product page
avantisinvestors.com/content/avantis/en/investments/avus-equity/avuv-us-small-cap-value.html
Fact sheet (PDF)
res.avantisinvestors.com/docs/avantis-us-small-cap-value-avuv-etf-fact-sheet.pdf
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Compare
AVUV against the alternatives
1 side-by-side comparison covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| AVUV vs USS | US Small Cap (USS) | 0.51% |
