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Unthink ETFs™ With American Century Investments®

Our active ETFs don’t follow traditional thinking—they expand it.

Innovative

Variety of investment approaches that offer proactive client solutions.

Upside Potential

Alpha-seeking portfolios based on manager research and insights.

Lower Cost

Benefits of active management in a lower-cost, tax-efficient, liquid vehicle.

Applying the experience gained from over 60 years of active management, our suite of ETFs lets you pursue specific outcomes based on current market prices as well as return-enhancing and risk-mitigating characteristics.

Diverse Approaches, Independent Thinking

Our ETF lineup includes a comprehensive range of active strategies managed by teams with distinct philosophies and processes. In addition to our active bottom-up security selection capabilities, we’ve added a diversified, systematic active management approach by our investment team at Avantis Investors®.

American Century Investments ETFs
  • $28+ billion in AUM in just over five years

  • One of the fastest organic growth rates in the industry

  • Top-20 ETF Issuer

  • Top-4 Active ETF Issuer.

{sup}As of 9/30/2023{/sup}

U.S. Equity ETFs

Ticker

Style

Expense Ratio (Gross)

Large Cap

Focused Dynamic Growth ETF1,2,5

FDG

Growth

0.45%

U.S. Quality Growth ETF2,3

QGRO

Growth

0.29%

Sustainable Growth ETF1,2,5,6

ESGY

Growth

0.39%

Low Volatility ETF2,7

LVOL

Blend

0.29%

Sustainable Equity ETF1,2,5

ESGA

Blend

0.39%

Avantis U.S. Large Cap Equity ETF*

AVLC

Blend

0.15%

Focused Large Cap Value ETF1,2,5

FLV

Value

0.42%

U.S. Quality Value ETF2,3

VALQ

Value

0.29%

Avantis U.S. Large Cap Value ETF*

AVLV

Value

0.15%

Mid Cap

Mid Cap Growth Impact ETF1,2,5,6

MID

Growth

0.45%

Avantis Mid Cap Equity ETF*

AVMC

Blend

0.18%

Avantis Mid Cap Value ETF*

AVMV

Value

0.28%

Small Cap

Avantis U.S. Small Cap Equity ETF*

AVSC

Blend

0.25%

Avantis U.S. Small Cap Value ETF*

AVUV

Value

0.25%

All Cap

Avantis Inflation Focused Equity ETF*,14

AVIE

Blend

0.25%

Avantis U.S. Equity ETF*

AVUS

Blend

0.15%

Avantis Responsible U.S. Equity ETF*,12

AVSU

Blend

0.15%

Non-U.S. Equity ETFs

Ticker

Style

Expense Ratio (Gross)

Large Cap

Quality Diversified International ETF2

QINT

Blend

0.39%

Avantis International Large Cap Value ETF*

AVIV

Value

0.25%

Small Cap

Avantis International Small Cap Equity ETF*

AVDS

Blend

0.30%

Avantis International Small Cap Value ETF*

AVDV

Value

0.36%

Avantis Emerging Markets Small Cap Equity ETF*

AVEE

Blend

0.42%

All Cap

Avantis All Equity Markets ETF*,13

AVGE

Blend

0.23%

Avantis All International Markets Equity ETF*,16

AVNM

Blend

Gross: 0.33%
Net: 0.31%

Avantis International Equity ETF*

AVDE

Blend

0.23%

Avantis Responsible International Equity ETF*,12

AVSD

Blend

0.23%

Avantis Emerging Markets Equity ETF*

AVEM

Blend

0.33%

Avantis Responsible Emerging Markets Equity ETF*,12

AVSE

Blend

0.33%

Avantis All Equity Markets Value ETF*,16

AVGV

Value

Gross: 0.28%
Net: 0.26%

Avantis All International Markets Value ETF*,16

AVNV

Value

Gross: 0.36%
Net: 0.34%

Avantis Emerging Markets Value ETF*

AVES

Value

0.36%

Fixed-Income ETFs

Ticker

Style

Expense Ratio (Gross)

Taxable

Multisector Income ETF2

MUSI

Intermediate-Term

0.35%

Diversified Corporate Bond ETF2

KORP

Intermediate-Term

0.29%

Select High Yield ETF2,11

AHYB

Intermediate-Term

0.45%

Emerging Markets Bond ETF2

AEMB

Intermediate-Term

0.39%

Avantis Core Fixed Income ETF*

AVIG

Intermediate-Term

0.15%

Short Duration Strategic Income ETF2

SDSI

Short-Term

0.32%

Avantis Short-Term Fixed Income ETF*

AVSF

Short-Term

0.15%

Multisector Floating Income ETF2,15

FUSI

Ultra-Short Term

0.27%

Tax-Exempt

Diversified Municipal Bond ETF2

TAXF

Intermediate-Term

0.29%

Avantis Core Municipal Fixed Income ETF*

AVMU

Intermediate-Term

0.15%

Diversifying ETFs

Ticker

Style

Expense Ratio (Gross)

Allocation

Avantis Moderate Allocation ETF*, 16, 17

AVMA

Blend

Gross: 0.23%
Net: 0.21%

Convertible Bond

Quality Convertible Securities ETF2,8,10

QCON

-

0.32%

Preferred Security

Quality Preferred ETF2,9,10

QPFF

-

0.32%

Real Estate

Avantis Real Estate ETF*

AVRE

Blend

0.17%

¹FDG, FLV, MID, ESGA, ESGY: These ETFs are different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment.

  • You may have to pay more money to trade the ETFs' shares. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information.

  • The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because it provides less information to traders.

  • These additional risks may be even greater in bad or uncertain market conditions.

  • The ETF will publish on their website each day a "Proxy Portfolio" designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF's holdings, it is not the ETF's actual portfolio.

The differences between these ETFs and other ETFs may also have advantages. By keeping certain information about the ETFs secret, these ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETFs' performance. If other traders are able to copy or predict the ETFs' investment strategy, however, this may hurt the ETFs' performance.

For additional information regarding the unique attributes and risks of these ETFs, see the additional risk discussion at the end of this material.

*Established by American Century Investments, Avantis Investors® gives clients access to distinctive, systematic investment approaches informed by the latest academic and financial theory.

Diverse Approaches, Independent Thinking

Explore our ETF lineup in depth.

Education

ETFs: Three Levels of Liquidity for Greater Access to the Market
Understanding the Tax Efficiency of ETFs
ETF Trading: Trade Large Blocks of ETFs Efficiently

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

²The full names of these funds are as follows:
AEMB: American Century Emerging Markets Bond ETF
AHYB: American Century Select High Yield ETF
ESGA: American Century Sustainable Equity ETF
ESGY: American Century Sustainable Growth ETF
FDG: American Century Focused Dynamic Growth ETF
FLV: American Century Focused Large Cap Value ETF
FUSI: American Century Multisector Floating Income ETF
KORP: American Century Diversified Corporate Bond ETF
LVOL: American Century Low Volatility ETF
MID: American Century Mid Cap Growth Impact ETF
MUSI: American Century Multisector Income ETF
QCON: American Century Quality Convertible Securities ETF
QGRO: American Century U.S. Quality Growth ETF
QINT: American Century Quality Diversified International ETF
QPFF: American Century Quality Preferred ETF
SDSI: American Century Short Duration Strategic Income ETF
TAXF: American Century Diversified Municipal Bond ETF
VALQ: American Century U.S. Quality Value ETF

3QGRO, VALQ:

Effective May 31, 2023, this fund was renamed.

⁵FDG, FLV, MID, ESGA, ESGY:

Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Proxy Portfolio Risk: The goal of the Proxy Portfolio is to track closely the daily performance of the Actual Portfolio. The Proxy Portfolio is designed to reflect the economic exposures and the risk characteristics of the Actual Portfolio on any given trading day.

  • ETFs trading on the basis of a published Proxy Portfolio may exhibit wider premiums and discounts, bid/ask spreads, and tracking error than other ETFs using the same investment strategies that publish their portfolios on a daily basis, especially during periods of market disruption or volatility. Therefore, shares of the fund may cost investors more to trade than shares of a traditional ETF.

  • Each day the fund calculates the overlap between the holdings of the prior Business Day's Proxy Portfolio compared to the Actual Portfolio (Proxy Overlap) and the difference, in percentage terms, between the Proxy Portfolio per share NAV and that of the Actual Portfolio (Tracking Error).

  • Although the fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Proxy Portfolio to identify a fund's trading strategy, which if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the fund and its shareholders.

Premium/Discount Risk: Although the Proxy Portfolio is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the fund at or close to the underlying net asset value (NAV) per share of the fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the fund.

Trading Issues Risk: Trading halts may have a greater impact on this fund compared to other ETFs due to the fund's nontransparent structure.

Authorized Participant Concentration Risk: Only an authorized participant may engage in creation or redemption transactions directly with the fund. The fund may have a limited number of institutions that act as authorized participants. The fact that the fund is offering a novel and unique structure may affect the number of entities willing to act as Authorized Participants. During times of market stress, Authorized Participants may be more likely to step away from this type of ETF than a traditional ETF.

Many of American Century's investment strategies incorporate the consideration of environmental, social, and/or governance (ESG) factors into their investment processes in addition to traditional financial analysis. However, when doing so, the portfolio managers may not consider ESG factors with respect to every investment decision and, even when such factors are considered, they may conclude that other attributes of an investment outweigh ESG considerations when making decisions for the portfolio. The consideration of ESG factors may limit the investment opportunities available to a portfolio, and the portfolio may perform differently than those that do not incorporate ESG considerations. ESG data used by the portfolio managers often lacks standardization, consistency, and transparency, and for certain companies such data may not be available, complete, or accurate.

⁶MID, ESGY:

The fund is classified as non-diversified. Because it is non-diversified, it may hold large positions in a small number of securities. To the extent it maintains such positions; a price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.

⁷LVOL:

There is no assurance that the fund will be less volatile than the market over the long term or for any specified period. The fund’s strategy of constructing a portfolio that realizes lower volatility than the market may not produce the intended result. A security’s volatility can change very quickly, and specific securities in the fund’s portfolio may become more volatile than expected. Additionally, low volatility investments may underperform the equity markets during periods of strong, rising or speculative equity markets.

⁸QCON:

Convertible securities are typically bond or debt securities and preferred stock that may be converted into a prescribed amount of common stock or other equity security of the issuing company at a particular time and price. The value of convertible securities may rise and fall with the market value of the associated common stock or, like a debt security, vary with changes in interest rates and the credit quality of the company issuing the bond or security. A convertible security tends to perform more like a stock when the associated common stock price is high relative to the conversion price and more like a debt security when the associated common stock price is low relative to the conversion price.

⁹QPFF:

Preferred securities combine some of the characteristics of both common stocks and bonds. Preferred securities may receive preferential treatment compared to common stock regarding dividends, but they are typically subordinated to a company's other debt which subjects them to greater credit risk. Generally, holders of preferred securities have no voting rights. A company issuing preferred securities may defer dividend payments on the securities and may redeem the securities prior to a specified date. Preferred securities may also be substantially less liquid than other securities and may have less upside potential than common stock.

Floating rate securities are structured so that the security's coupon rate or the interest paid on a bond fluctuates based upon a reference rate. In a falling interest rate environment, the coupon on floating rate securities will generally decline, causing a reduction in the fund's income. A floating rate security's coupon rate resets periodically according to the terms of the security. In a rising interest rate environment, floating rate securities with coupon rates that reset infrequently may lag behind the changes in market interest rates. Floating rate securities may also contain terms that impose a maximum coupon rate the company issuing the security will pay, therefore decreasing the value of the security.

Concentrating investments in a particular industry or group of industries gives the fund greater exposure than other funds to market, economic and other factors affecting that industry or group of industries. The financials sector can be significantly affected by changes in interest rates, government regulation, the rate of defaults on corporate, consumer and government debt, and the availability and cost of capital.

¹⁰QCON, QPFF:

The fund is classified as non-diversified. Because it is non-diversified, it may hold large positions in a small number of securities. To the extent it maintains such positions; a price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.

¹¹AHYB:

The lower rated securities in which the fund invests are subject to greater credit risk, default risk and liquidity risk.

¹²AVSD, AVSE, AVSU:

The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team's evaluation of multiple environmental, social, and corporate governance (ESG) metrics. The portfolio managers utilize ESG data from third party sources, as well as proprietary evaluations, to decide what securities should be excluded due to ESG concerns. Because the portfolio managers screen securities based on ESG characteristics, the fund may exclude the securities of certain issuers or industry sectors for other than financial reasons and, as a result, the fund may perform differently or maintain a different risk profile than the market generally or compared to funds that do not use similar ESG-based screens. Investing based on ESG considerations may also prioritize long term rather than short term returns. Due to the lack of regulation and uniform reporting standards with respect to ESG characteristics of issuers, ESG data may be inconsistent or inaccurate across sources. In addition, all relevant ESG data considered by the team may not be available for an issuer.

¹³AVGE:

The gross expense ratio of 0.25% is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

Returns or yields for the fund would have been lower if 0.02% of the management fee had not been waived. The advisor expects this waiver to continue until December 31, 2023, and cannot terminate it prior to such date without the approval of the Board of Trustees. Review the annual or semiannual report for the most current information.

¹⁴AVIE:

The fund's investments are designed to correlate with inflation. There is no guarantee, however, that the value of the fund's securities will increase over time or that the future investment performance will correlate with inflation. Purchasing power decreases as inflation increases, and the future value of the fund's assets could decline. Further, to the extent the fund's investments do correlate with inflation, the value of the fund's investments could decline if inflation or inflation expectations recede. In addition, the fund invests primarily in a diverse group of U.S. equity companies in market sectors and industry groups the portfolio managers expect to appreciate in value if the U.S. inflation rate rises or is believed to be rising. The fund seeks to focus its investments in those industries that historically have had, or are expected to have, better performance in periods of rising inflation, which generally includes financial services, oil and gas, metals and mining, healthcare, and consumer staples companies. The prospectus contains very important information about the different risks associated with those types of industries and companies.

¹⁵FUSI:

This fund is an actively managed ETF that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.

The interest rate and corresponding payment that floating rate securities are expected to pay adjust at predetermined dates on a periodic basis. Securities with floating interest rates are generally less sensitive to interest rate changes than securities with fixed interest rates, but they may decline in value if their interest rates do not rise as much, or as quickly, as comparable market interest rates. In addition, floating rate securities held by the fund may be less liquid or more difficult to sell than other securities. If it becomes necessary for the fund to sell less liquid securities, it could have an adverse effect on the fund, especially during periods of market turbulence or unusually low trading activity.

The value of the securities that the fund principally invests in may be secured or backed by other underlying assets or obligations. As such, the value of these securities may affected by the market value of the underlying assets, changes in the distributions on the underlying assets, defaults and recoveries on the underlying assets, capital gains and losses on the underlying assets, prepayments on underlying assets and the availability, prices and interest rate of underlying assets. In addition, these securities may be subject to number of additional risks, including interest rate, market, credit and correlation risk. Use of certain types of these securities can create economic leverage in the fund's portfolio, which may result in significant volatility and cause the fund to participate in losses in an amount that exceeds the fund's initial investment. Also, the value of these securities may decrease based on the inability or perceived inability of a security's issuer or obligated party to make interest and principal payments.

¹⁶AVGV, AVNM, AVNV, AVMA:

These funds are actively managed ETFs that do not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.

The fund's performance and risks reflect the performance and risks of the underlying funds in which it invests. By investing in another investment company, the Fund becomes a shareholder of that investment company and bears its proportionate share of the fees and expenses of the other investment company.

The fund’s performance and risks depend in part on the managers’ skill in selecting and weighting the asset classes and underlying funds and implementing any deviations from the target range, which may differ from actual market conditions.

International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

Historically, small- and/or mid-cap stocks have been more volatile than the stock of larger, more-established companies. Smaller companies may have limited resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies.

The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

Returns or yields for the fund would have been lower if .02% of the fund's management fee had not been waived. The advisor expects this waiver to continue until June 21, 2024, and cannot terminate it prior to such date without the approval of the Board of Trustees. Review the annual or semiannual report for the most current information.

¹⁷AVMA:

Generally, as interest rates rise, the value of the bonds held in the fund will decline. The opposite is true when interest rates decline.

For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.