American Century® Sustainable Equity ETF - ESGA

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ESG Investing, Sustainable Equity and Mid-Cap Growth Impact ETFs

Summary

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FUND FACTS

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Expenses and Distributions

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FUND DOCUMENTS & RESOURCES

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This ETF is 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.

SPECIFICALLY:

Objective

Seeks to provide a total return that exceeds the benchmark over a market cycle by using a core U.S. equity strategy that integrates environmental, social and governance (ESG) factors into the investment process.

Goal & Strategy

Seeks long-term capital growth.

Characteristics

Applies an actively-managed investment strategy to:

  • Rank stocks based on fundamental measures of a stock's value and growth potential as well as ESG metrics.
  • Conduct fundamental analysis to measure value, growth, and price momentum with an overlay of ESG considerations.
  • Construct a portfolio that has sustainable competitive advantages, provides better return with minimal risk and maintains a strong ESG profile.

Attributes

  • PRICING
  • Pricing

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  • PREMIUM/DISCOUNT
  • Premium/Discount

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  • Proxy Basket
  • Proxy Basket

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  • HALTS
  • Halts

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    Performance

    • ANNUALIZED
    • Average annual returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.

      ETF Market Performance (Inception to Date):
      The fund's per share Net Asset Value (NAV) is the value of one share of the fund. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively.

      Annualized

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    • YIELDS
    • Yields

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      Composition

      • TOP TEN HOLDINGS
      • Top Ten Holdings

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      • SECTOR WEIGHTINGS
      • Sector Weightings

      • INVESTMENT BLEND
      • Investment Blend

        Geography

        • TOP COUNTRIES
        • Top Countries

          Management

          Justin Brown, CFA

          Justin Brown, CFA

          Vice President, Portfolio Manager

          Rob Bove

          Rob Bove

          Portfolio Manager

          Joe Reiland, CFA

          Joe Reiland, CFA

          Vice President, Senior Portfolio Manager

          Rene Casis

          Rene Casis

          Vice President, Portfolio Manager

          Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

          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.

          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.

          When portfolio managers incorporate Environmental, Social and Governance (ESG) factors into an investment strategy, they consider those issues in conjunction with traditional financial analysis. When selecting investments, portfolio managers incorporate ESG factors into the portfolio's existing asset class, time horizon, and objectives. Therefore, ESG factors may limit the investment opportunities available, and the portfolio may perform differently than those that do not incorporate ESG factors. Portfolio managers have ultimate discretion in how ESG issues may impact a portfolio's holdings, and depending on their analysis, investment decisions may not be affected by ESG factors.

          C

          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.

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          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 Investments Services, Inc.