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Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Avantis U.S. Small Cap Equity ETF

AVSC | Active ETF

$49.11

$793 M

1.07%

$0.52

0.25%

Vitals

YTD Return

-3.6%

1 yr return

19.5%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$793 M

Holdings in Top 10

5.1%

52 WEEK LOW AND HIGH

$49.6
$40.98
$52.36

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Avantis U.S. Small Cap Equity ETF

AVSC | Active ETF

$49.11

$793 M

1.07%

$0.52

0.25%

AVSC - Profile

Distributions

  • YTD Total Return -3.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Avantis U.S. Small Cap Equity ETF
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jan 13, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Ong

Fund Description

The fund invests primarily in a diverse group of U.S. small cap companies across market sectors and industry groups.
The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies with higher profitability and value characteristics. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of larger companies with lower levels of profitability and less attractive value characteristics. To identify small capitalization companies with higher profitability and value characteristics, the portfolio managers use reported and/or estimated company financials and market data including, but not limited to, shares outstanding, book value and its components, cash flows from operations, and accruals. The portfolio managers define “value characteristics” mainly as adjusted book/price ratio (though other price to fundamental ratios may be considered). The portfolio managers define “profitability” mainly as adjusted cash from operations to book value ratio (though other ratios may be considered). The portfolio managers may also consider other factors when selecting a security, including industry classification, the past performance of the security relative to other securities, its liquidity, its float, and tax, governance or cost considerations, among others. When portfolio managers identify securities with the desired capitalization, profitability, value, and past performance characteristics, they seek to include these securities in the broadly diversified portfolio. To determine the weight of a security within the portfolio, the portfolio managers use the market capitalization of the security relative to that of other eligible securities as a baseline, then overweight or underweight the security based on the characteristics described above. The portfolio managers may dispose of a security if it no longer has the desired market capitalization, profitability, or value characteristics. When determining whether to dispose of a security, the portfolio managers will also consider, among other things, relative past performance, costs, and taxes. The portfolio managers review the criteria for inclusion in the portfolio on a regular basis to maintain a focus on the desired broad set of small capitalization companies.
Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of small capitalization companies located in the United States. To determine whether a company is a U.S. company, the portfolio managers will consider various factors, including where the company is headquartered, where the company’s principal operations are located, where a majority of the company’s revenues are derived, where the principal trading market is located, the country in which the company was legally organized, and whether the company is in the fund’s benchmark—the Russell 2000® Index. The portfolio managers consider the following to be small capitalization companies: (i) companies smaller than the largest 1000 U.S. companies; (ii) companies
representing the bottom 10% of the market capitalization of all U.S. listed companies; and (iii) companies in the fund’s benchmark. Though market capitalizations will change from time to time, as of September 30, 2023, the largest company that could be considered a small capitalization company for purposes of this 80% test had a total market capitalization of approximately $14.51 billion.
The fund may also engage in securities lending and invest its collateral in eligible securities, such as a government money market fund.
The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. The portfolio managers continually analyze market and financial data to make buy, sell, and hold decisions. When buying or selling a security, the portfolio managers may consider the trade-off between expected returns of the security and implementation or tax costs of the trade in an attempt to gain trading efficiencies, avoid unnecessary risk, and enhance fund performance.
Read More

AVSC - Performance

Return Ranking - Trailing

Period AVSC Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -29.2% 152.4% N/A
1 Yr 19.5% -43.9% 161.5% N/A
3 Yr N/A* -21.6% 36.4% N/A
5 Yr N/A* -23.1% 10.2% N/A
10 Yr N/A* -10.8% 15.6% N/A

* Annualized

Return Ranking - Calendar

Period AVSC Return Category Return Low Category Return High Rank in Category (%)
2023 17.8% -71.0% 118.2% N/A
2022 N/A -17.3% 18.6% N/A
2021 N/A -25.4% 350.1% N/A
2020 N/A -31.9% 8.4% N/A
2019 N/A -62.1% 21.1% N/A

Total Return Ranking - Trailing

Period AVSC Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -29.2% 152.4% N/A
1 Yr 19.5% -43.9% 161.5% N/A
3 Yr N/A* -21.6% 36.4% N/A
5 Yr N/A* -23.1% 10.2% N/A
10 Yr N/A* -7.3% 15.6% N/A

* Annualized

Total Return Ranking - Calendar

Period AVSC Return Category Return Low Category Return High Rank in Category (%)
2023 19.3% -71.0% 118.2% N/A
2022 N/A -17.3% 18.6% N/A
2021 N/A -25.4% 28.2% N/A
2020 N/A -31.9% 8.4% N/A
2019 N/A -19.9% 26.5% N/A

AVSC - Holdings

Concentration Analysis

AVSC Category Low Category High AVSC % Rank
Net Assets 793 M 1.48 M 120 B 97.27%
Number of Holdings 1314 2 2519 11.43%
Net Assets in Top 10 40.1 M 6 K 4.6 B 98.87%
Weighting of Top 10 5.06% 2.6% 100.0% 95.10%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 1.46%
  2. Abercrombie Fitch Co 0.49%
  3. Modine Manufacturing Co 0.44%
  4. Sterling Infrastructure Inc 0.44%
  5. Iovance Biotherapeutics Inc 0.42%
  6. Archrock Inc 0.40%
  7. Resideo Technologies Inc 0.37%
  8. SkyWest Inc 0.37%
  9. Masonite International Corp 0.34%
  10. Griffon Corp 0.34%

Asset Allocation

Weighting Return Low Return High AVSC % Rank
Stocks 		99.83% 25.32% 100.32% 11.92%
Cash 		1.55% -79.10% 74.68% 88.41%
Preferred Stocks 		0.00% 0.00% 5.85% 89.05%
Other 		0.00% -8.80% 6.95% 86.80%
Convertible Bonds 		0.00% 0.00% 3.17% 88.73%
Bonds 		0.00% 0.00% 72.07% 89.05%

Stock Sector Breakdown

Weighting Return Low Return High AVSC % Rank
Utilities 		0.00% 0.00% 18.58% 39.51%
Technology 		0.00% 0.00% 54.70% 91.54%
Real Estate 		0.00% 0.00% 29.43% 94.31%
Industrials 		0.00% 2.46% 37.42% 41.30%
Healthcare 		0.00% 0.00% 26.53% 61.46%
Financial Services 		0.00% 0.00% 35.52% 9.43%
Energy 		0.00% 0.00% 37.72% 5.85%
Communication Services 		0.00% 0.00% 14.85% 24.23%
Consumer Defense 		0.00% 0.00% 18.87% 17.40%
Consumer Cyclical 		0.00% 0.99% 47.79% 20.49%
Basic Materials 		0.00% 0.00% 18.66% 41.30%

Stock Geographic Breakdown

Weighting Return Low Return High AVSC % Rank
US 		99.83% 24.89% 100.00% 18.52%
Non US 		0.00% 0.00% 36.31% 46.05%

AVSC - Expenses

Operational Fees

AVSC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.03% 2.78% 90.72%
Management Fee 0.25% 0.00% 1.50% 14.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

AVSC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AVSC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AVSC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.20% 314.00% N/A

AVSC - Distributions

Dividend Yield Analysis

AVSC Category Low Category High AVSC % Rank
Dividend Yield 1.07% 0.00% 28.82% 20.51%

Dividend Distribution Analysis

AVSC Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

AVSC Category Low Category High AVSC % Rank
Net Income Ratio N/A -2.40% 2.49% N/A

Capital Gain Distribution Analysis

AVSC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

AVSC - Fund Manager Analysis

Managers

Daniel Ong

Start Date

Tenure

Tenure Rank

Jan 11, 2022

0.38

0.4%

Daniel is a senior portfolio manager at Avantis Investors®. Before coming to Avantis, he was a senior portfolio manager and vice president at DFA for 14 years. His responsibilities included managing international developed and emerging markets equity strategies, leading the EM equity desk, and engaging with clients. Prior to that, he was an account manager at Metropolitan West Asset Mgt. and a structure analyst at PIMCO. Daniel holds the CFA designation. He earned a bachelor's degree in economics from the Univ. of Cal and master's in finance & accounting from the Univ of Chicago Booth School

Mitchell Firestein

Start Date

Tenure

Tenure Rank

Jan 11, 2022

0.38

0.4%

Mitchell is a senior portfolio manager at Avantis Investors®. Prior to Avantis Investors, he served as vice president and senior portfolio manager at Dimensional Fund Advisors. In his role, he led a team of investment professionals managing emerging market portfolios and was responsible for strategy and portfolio oversight, implementation, and performance analysis. In addition, he regularly met with clients, including institutional investors, consultants, and financial advisors. Mitchell earned a Bachelor of Science in Management from the Tulane University A.B. Freeman School of Business.

Eduardo Repetto

Start Date

Tenure

Tenure Rank

Jan 11, 2022

0.38

0.4%

As Chief Investment Officer of Avantis Investors®, Eduardo is responsible for directing the research, design and implementation of investment strategies, providing oversight of the investment team, and interacting with clients. Prior to Avantis Investors' establishment in 2019, Eduardo was Co-Chief Executive Officer, Co-Chief Investment Officer and Director at Dimensional Fund Advisors LP ("DFA") until 2017. Dr. Repetto earned a Ph.D. degree in Aeronautics from the California Institute of Technology, an MSc degree in Engineering from Brown University,

Ted Randall

Start Date

Tenure

Tenure Rank

Jan 11, 2022

0.38

0.4%

Ted is a senior portfolio manager at Avantis Investors®. Prior to Avantis Investors' establishment in 2019, Ted served as vice president and portfolio manager for domestic and international equity strategies at Dimensional Fund Advisors (DFA). In this role, Ted served as portfolio manager and portfolio advocate for 11 U.S. and non-U.S. developed, emerging market and blended asset allocation mutual funds and separately managed accounts. Ted earned a MBA from the University of California Los Angeles Anderson School of Management and a BS in business administration from USC.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.0 2.58

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