Avantis Launches Value and Real Estate ETFs
As it celebrates its second anniversary, Avantis Investors®, a $7 billion* investment offering from global asset manager American Century Investments®, today announced the expansion of its investment capabilities with the launch of four new exchange traded funds (ETFs): Avantis® Emerging Markets Value ETF (AVES); Avantis® International Large Cap Value ETF (AVIV); Avantis® U.S. Large Cap Value ETF (AVLV); and Avantis® Real Estate ETF (AVRE). Each vehicle, listed on the New York Stock Exchange (NYSE Arca, Inc.), relies on a proprietary systematic investment approach that combines the latest in financial science with common sense investment principles.
The U.S. Large Cap Value ETF launched last week, while the Emerging Markets Value ETF, International Large Cap Value ETF and Real Estate ETF were listed today.
"We are focused on putting strategies into the market where clients have asked for our help," said Eduardo Repetto, Chief Investment Officer at Avantis. "These are important asset classes for our clients, and we're thrilled to provide them with competitively priced, tax-efficient solutions to incorporate in their portfolios." The ETFs will be co-managed by Repetto and Senior Portfolio Managers Ted Randall, Mitchell Firestein and Daniel Ong, CFA.
Following is information on the new ETFs:
Name | Expense Ratio | Strategy |
|---|---|---|
Avantis Emerging Markets Value ETF | 0.36% | The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies it defines as high profitability or value companies. |
Avantis International Large Cap Value ETF | 0.25% | Invests primarily in a diverse group of non-U.S. companies across countries, 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 it defines as high profitability or value companies. |
Avantis Real Estate ETF | 0.17% | Invests primarily in a diverse group of real estate securities globally, in particular real estate investment trusts (REITs) and REIT-like entities. The fund seeks securities of companies that it expects to have higher returns or better risk characteristics–for example, companies with lower leverage. |
Avantis U.S. Large Cap Value ETF | 0.15% | Invests primarily in a diverse group of U.S. 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 it defines as high profitability or value companies. |
The new funds join Avantis Investors' lineup of eight ETFs and corresponding mutual funds: Avantis® Core Fixed Income ETF; Avantis® Core Municipal Fixed Income ETF; Avantis® Emerging Markets Equity ETF; Avantis® International Equity ETF; Avantis® International Small Cap Value ETF; Avantis® Short-Term Fixed Income ETF; Avantis® U.S. Equity ETF and Avantis® U.S. Small Cap Value ETF.
Avantis Investors, established to help 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 reliability of indexing, is led by Repetto and Chief Operating Officer Patrick Keating, CFA, CPA.
About American Century Investments
Who We Are
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.
Quick Facts
Founded in 1958, American Century Investments' 1,400 employees serve financial professionals, institutions, corporations and individual investors from offices in Kansas City, Missouri; New York; Los Angeles; Santa Clara, California; Portland, Oregon; London; Frankfurt, Germany; Hong Kong; and Sydney.
Management
Jonathan S. Thomas is president and chief executive officer, and Victor Zhang serves as chief investment officer.
Giving Back
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.
Assets under supervision as of 9/14/2021.
You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by visiting avantisinvestors.com or calling 1-833-928-2684, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk.
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.
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.
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.
IRS Circular 230 Disclosure: 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.
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.
Important Disclosure – AVIV & AVES
International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.
Important Disclosures – AVRE
International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.
Due to the limited focus of this fund, it may experience greater volatility than funds with a broader investment strategy. It is not intended to serve as a complete investment program by itself.
This fund may be subject to many of the same risks as a direct investment in real estate. These risks include changes in economic conditions, interest rates, property values, property tax increases, overbuilding and increased competition, environmental contamination, zoning and natural disasters. This is due to the fact that the value of the fund's investments may be affected by the value of the real estate owned by the companies in which it invests. To the extent the fund invests in companies that make loans to real estate companies, the fund also may be subject to interest rate risk and credit risk.
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.
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