Avantis Investors® Launches Total Equity Markets ETF
Avantis Investors®, an investment offering from global asset manager American Century Investments®, expands its exchange traded fund (ETF) platform with the launch of Avantis Total Equity Markets ETF (AVTM). The fund is now available on the New York Stock Exchange. Avantis, along with American Century, is the fourth-largest issuer of active ETFs in the United States.1
“It’s always exciting to bring another solution to the market, especially when we know it is fulfilling a client need,” said Phil McInnis, chief investment strategist, Avantis Investors. “Everything we do at Avantis is with our clients in mind. This mentality has contributed to the strong growth and adoption we’ve experienced over the last several years.”
Avantis Total Equity Markets ETF
AVTM invests in a broad set of companies of all market capitalizations across U.S. and non-U.S. developed and emerging markets believed to have higher expected returns2 or better risk characteristics than a passive, market-cap weighted index. AVTM pursues its objective of seeking long-term capital appreciation by investing in equity securities of individual companies and other ETFs. It has a net expense ratio of 0.22%** and a gross expense ratio of 0.23%.
The fund is co-managed by Chief Investment Officer Eduardo Repetto, Senior Portfolio Managers Mitchell Firestein, Daniel Ong, CFA and Ted Randall, and Portfolio Manager Matthew Dubin.
Avantis offers 45 investment strategies across the United States, Australia and Europe, with listings in London, Frankfurt and Zurich.
Avantis was established in 2019 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 outperformance with the consistency of indexing. In December 2025, six years after its founding, Avantis hit $100 billion in assets under management.***
Avantis is part of American Century, an asset manager with a reputation for client care, stewardship and stability. Through American Century’s relationship with the Stowers Institute for Medical Research, investments with Avantis help support research that can improve human health and save lives. Since 2000, American Century’s dividends distributed to the Stowers Institute have totaled more than $2 billion. For more information, visit: www.AvantisInvestors.com.
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, Missouri; New York; Los Angeles; Santa Clara, California; Portland, Oregon; London; Frankfurt, Germany; Hong Kong; and Sydney. Jonathan Thomas is chairman, chief executive officer and president, 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 biomedical research organization with a focus on foundational research. 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 americancentury.com.
Ranking is based on AUM of 344 active ETF issuers excluding fund-of-funds and feeders, reporting to Morningstar Direct as of December 31, 2025.
Expected Returns: Valuation theory shows that the expected return of a stock is a function of its current price, its book equity (assets minus liabilities) and expected future profits, and that the expected return of a bond is a function of its current yield and its expected capital appreciation (depreciation). We use information in current market prices and company financials to identify differences in expected returns among securities, seeking to overweight securities with higher expected returns based on this current market information. Actual returns may be different than expected returns, and there is no guarantee that the strategy will be successful.
Assets under management as of 01/09/26.
The advisor will waive a portion of the fund's management fee equal to the expenses attributable to the management fees of American Century-advised underlying funds. The amount of this waiver will fluctuate depending on the fund's daily allocations to such funds. This waiver is expected to remain in effect permanently, and it cannot be terminated without the approval of the Board of Trustees.
Assets under management as of 12/09/25.
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 americancentury.com, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk.
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 fund's performance and risks reflect the performance and risks of the underlying funds in which it invests. The advisor will waive a portion of the fund's management fee equal to the expenses attributable to the management fees of American Century-advised underlying funds. However, shareholders will indirectly bear some other fees and expenses of underlying funds, thereby absorbing duplicative levels of fees with respect to investments in the underlying funds. An increase in fees and expenses of an underlying fund or a reallocation of the fund's investments to underlying funds with higher fees or expenses will increase the fund's total expenses. The fund's investment in other funds advised by American Century Investments may create a conflict of interest for the fund's advisor.
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.
Investments in the fund may be less tax-efficient than an investment in other ETFs because a significant portion of the fund's initial portfolio may consist of securities with a low tax basis. As a result, the fund may realize higher amounts of realized gains when selling securities and may be required to distribute capital gains.
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.
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.
Diversification does not assure a profit nor does it protect against loss of principal.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.
