KANSAS
CITY, Mo., June 20, 2024 /PRNewswire/ -- Avantis
Investors®, a $45 billion*
investment offering from the $245
billion** global asset manager American Century
Investments®, expands its investment capabilities with
the launch of a new mutual fund, Avantis U.S. Small Cap Equity Fund
(AVSCX).
AVSCX shares the Avantis Investors philosophy of being
diversified, tax efficient and cost effective. 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. It has an expense ratio of
0.25%.
"We designed this mutual fund to follow the same strategy as the
Avantis U.S. Small Cap Equity ETF (AVSC)," said Phil McInnis, chief investment strategist,
Avantis Investors. "We are driven by the needs of our clients and
have several interested in deploying this strategy in retirement
plan lineups."
The fund will be co-managed by Chief Investment Officer
Eduardo Repetto, Senior Portfolio
Managers Mitchell Firestein,
Daniel Ong, CFA and Ted Randall, and Portfolio Manager Matthew Dubin. AVSCX joins Avantis' lineup of
ETFs and mutual funds spanning equities, fixed income and real
estate. The full lineup is available here.
"AVSCX is a mutual fund version of our U.S. small cap strategy
and looks to build off the success of AVSC, which was launched in
early 2022 and now has over $1
billion in assets under management***," said Firestein. "We
can build a small cap strategy that has broad diversification,
similar to some passive options, while being thoughtful about
valuations and implementation in an effort to improve expected
results over time."
Avantis helps clients achieve their investment goals through a
persistent focus on providing well-diversified investment solutions
that fit seamlessly into asset allocations and combine the
potential for added value with the consistency of indexing. Repetto
and Chief Operating Officer Patrick
Keating, CFA, CPA have led Avantis since its 2019 start.
About American Century
Investments
American Century Investments is a leading global
asset manager focused on delivering investment results and building
long-term client relationships while supporting breakthrough
medical research. Founded in 1958, American Century Investments'
1,400 employees serve financial professionals, institutions,
corporations and individual investors from offices in Kansas City, Mo.; New York; Los
Angeles; Santa Clara,
Calif.; Portland, Ore.;
London; Frankfurt, Germany; Hong Kong; and Sydney. Jonathan S.
Thomas is president and chief executive officer, and
Victor Zhang serves as chief
investment officer. Delivering investment results to clients
enables American Century Investments to distribute over 40% of its
dividends to the Stowers Institute for Medical Research, a
500-person, nonprofit basic biomedical research organization. The
Institute owns more than 40% of American Century Investments and
has received dividend payments of more than $2 billion since 2000. For more information about
American Century Investments, visit www.americancentury.com.
*Assets under supervision as of 5/9/2024.
**Assets under supervision as of 5/15/2024
***Assets under management as of 6/13/2024
You should consider the fund's investment objectives,
risks, charges and expenses carefully before you invest. The fund's
prospectus or summary prospectus, which can be obtained by visiting
Avantisinvestors.com or by calling 833-928-2684, contains this and
other information about the fund, and should be read carefully
before investing.
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.
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.
Historically, small 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.
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.
This information is for educational purposes only and is not
intended as tax advice. Please consult your tax advisor for more
detailed information or for advice regarding your individual
situation.
American Century Companies, Inc. and its affiliates do not
provide tax advice. Accordingly, any discussion of U.S. tax matters
contained herein (including any attachments) is not intended or
written to be used, and cannot be used, in connection with the
promotion, marketing or recommendation by anyone unaffiliated with
American Century Companies, Inc. of any of the matters addressed
herein or for the purpose of avoiding U.S. tax-related
penalties.
Exchange Traded Funds (ETFs): Foreside Fund Services,
LLC—Distributor, not affiliated with American Century Investment
Services, Inc.
Mutual Funds: American Century Investment Services, Inc.,
Distributor.
©2024 American Century Proprietary Holdings, Inc. All rights
reserved.
360 East 2nd Street, Los Angeles,
CA, 90012
Contact:
|
Nicole
Glenna
|
|
(646)
658-7718
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SOURCE American Century Investments