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AVRE

Avantis Real Estate ETF

Market Price
$44.64
as of 01/27/2023
1 Day Market Price
Change
Direction arrow up $0.40 (0.89%)
as of 01/27/2023
YTD Market Price
Total Return
-24.34
as of 12/31/2022
NAV
$44.58
as of 01/27/2023
1 Day NAV Change
Direction arrow up $0.39 (0.89%)
as of 01/27/2023
YTD NAV
Total Return
-24.42
as of 12/31/2022
Gross Expense Ratio
0.17%
as of 01/01/2023
Net Expense Ratio
0.17%
as of 01/01/2023

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that the investor's shares, when redeemed, may be worth more or less than the original cost. Returns less than one year are not annualized. Net asset value (NAV) prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the net asset value (NAV) is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

    Why AVRE?

    • Invests in a broad set of companies of all market capitalizations across non-U.S. developed countries and is designed to increase expected returns* by overweighting securities we believe to be trading at lower valuations with higher profitability ratios**.

    • Limits the investable universe of companies by screening out those that raise concerns based on the team's evaluation of multiple Environmental, Social and Governance (ESG) metrics and pursues the benefits associated with indexing but with the ability to add value by making investment decisions using information based on proprietary evaluations.

    • Efficient portfolio management and trading process that is designed to enhance returns while seeking to reduce unnecessary risks and transaction costs.

    • Built to fit seamlessly into an investor's asset allocation.

    Fund Facts

    Ticker
    AVRE
    Objective
    Seeks long-term capital appreciation.
    Intraday Ticker
    AVRE.IV
    Inception Date
    09/28/2021
    # of Holdings
    296
    as of 11/30/2022
    CUSIP
    025072356
    ISIN
    US0250723568
    SEDOL
    BLD3JG1
    Exchange
    NYSE Arca
    Distribution Frequency
    Quarterly
    Total Assets
    $279,960,070.36
    as of 01/27/2023
    Shares Outstanding
    6,280,000.00
    as of 01/27/2023

    Performance

    To view month-end or historical performance, use the drop-down below.

    As of:
        12/31/2022

    TOTAL RETURN

    CUMULATIVE
    AVERAGE ANNUAL
    Info icon
    YTD% 1 MO 3 MO 1 YR 3 YR 5 YR 10 YR LIFE
    AVRE (NAV)
    Info icon
    -24.42%-3.33%6.65%-24.42%- -- -- --12.33%
    AVRE (MARKET PRICE)
    Info icon
    -24.34%-3.23%6.64%-24.34%- -- -- --12.20%
    -24.36%-3.52%6.88%-24.36%-3.33%0.92%3.88%- -
    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that the investor's shares, when redeemed, may be worth more or less than the original cost. Returns less than one year are not annualized. Net asset value (NAV) prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the net asset value (NAV) is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

    Fees

    Gross Expense Ratio
    Info icon
    0.17%
    Net Expense Ratio
    Info icon
    0.17%

    Pricing

    Market Prices

    Info icon
    Current price as of 01/27/2023
    Market Price
    $44.64
    1 Day Market Price Change
    Direction arrow up $0.40 (0.89%)
    30 Day Median bid ask spread
    0.24%
    Day High Price
    $44.71
    Day Low Price
    $44.25
    Closing Price
    $44.58

    NAV

    Current price as of 01/27/2023
    NAV
    $44.58
    1 Day Nav Change
    Direction arrow up $0.39 (0.89%)

    52 Week Range

    Current price as of 01/27/2023
    52 Week High
    $54.30
    52 Week Low
    $36.47

    Trading

    Current price as of 01/27/2023
    Premium/Discount
    Info icon
    0.13%
    Details >

    Portfolio

    Country Allocation

    Due to rounding, these values may not add to 100% | As of 12/31/2022
    Info icon
    • United States

      United States

      68%

    • Japan

      Japan

      8%

    • Australia

      Australia

      6%

    • United Kingdom

      United Kingdom

      4%

    • Singapore

      Singapore

      4%

    • France

      France

      2%

    • Canada

      Canada

      2%

    • Hong Kong

      Hong Kong

      1%

    • Belgium

      Belgium

      1%

    • South Africa

      South Africa

      1%

    Top 10 Holdings

    Info icon

    As of 01/26/2023 View all Holdings

    COMPANY
    TICKER
    CUSIP
    ISIN
    SECTOR
    MARKET VALUE ($)
    WEIGHT
    PROLOGIS INC REIT USD.01 PLD 74340W103 US74340W1036 REAL ESTATE 19,167,508.56 6.91%
    AMERICAN TOWER CORP REIT USD.01 AMT 03027X100 US03027X1000 REAL ESTATE 16,624,992.48 5.99%
    PUBLIC STORAGE REIT USD.1 PSA 74460D109 US74460D1090 REAL ESTATE 9,519,156.51 3.43%
    CROWN CASTLE INC REIT USD.01 CCI 22822V101 US22822V1017 REAL ESTATE 9,461,359.36 3.41%
    EQUINIX INC REIT USD.001 EQIX 29444U700 US29444U7000 REAL ESTATE 9,247,587.58 3.33%
    REALTY INCOME CORP REIT USD1.0 O 756109104 US7561091049 REAL ESTATE 7,748,444.06 2.79%
    SIMON PROPERTY GROUP INC REIT USD.0001 SPG 828806109 US8288061091 REAL ESTATE 6,056,639.19 2.18%
    VICI PROPERTIES INC REIT USD.01 VICI 925652109 US9256521090 REAL ESTATE 5,090,102.06 1.83%
    SBA COMMUNICATIONS CORP REIT USD.01 SBAC 78410G104 US78410G1040 REAL ESTATE 4,866,566.52 1.75%
    GOODMAN GROUP REIT GMG B03FYZ909 AU000000GMG2 REAL ESTATE 4,860,047.84 1.75%

    International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

    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.

    The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team's evaluation of multiple environmental, social, and corporate governance (ESG) metrics. The portfolio managers utilize ESG data from third party sources, as well as proprietary evaluations, to decide what securities should be excluded due to ESG concerns. Because the portfolio managers screen securities based on ESG characteristics, the fund may exclude the securities of certain issuers or industry sectors for other than financial reasons and, as a result, the fund may perform differently or maintain a different risk profile than the market generally or compared to funds that do not use similar ESG-based screens. Investing based on ESG considerations may also prioritize long term rather than short term returns. Due to the lack of regulation and uniform reporting standards with respect to ESG characteristics of issuers, ESG data may be inconsistent or inaccurate across sources. In addition, all relevant ESG data considered by the team may not be available for an issuer.

    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 Exchange Traded Fund (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.

    For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

    *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.

    **Profitability-to-Book: The profitability-to-book ratio is used to measure a company's profitability relative to its book value. A company's profitability is generally calculated by subtracting operating expenses from its gross profit. Book value is generally a firm's reported assets minus its liabilities on its balance sheet.

    Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.

    Exchange Traded Funds (ETFs): Foreside Fund Services, LLC – Distributor, not affiliated with American Century Investment Services, Inc.

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    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 by calling 833-928-2684, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk.

    American Century Investments is not responsible for and does not endorse any comments, content, advertising, products, advice, opinions, recommendations or other materials on or available directly or via hyperlinks from Facebook, Twitter or any third-party website. Facebook, Twitter and LinkedIn are registered trademarks of their respective owners.

    Mutual Funds: American Century Investment Services, Inc., Distributor.

    Exchange Traded Funds (ETFs): Foreside Fund Services, LLC – Distributor, not affiliated with American Century Investment Services, Inc.

    © 2023 American Century Proprietary Holdings, Inc. All rights reserved.