American Century Mid Cap Growth Impact ETF
Active ETF
MID
Price as of:
$63.83
+ $0.17
+ 0.27%
Primary Theme
fund company
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
26.3%
1 yr return
34.3%
3 Yr Avg Return
3.7%
5 Yr Avg Return
N/A
Net Assets
$65.5 M
Holdings in Top 10
43.2%
52 WEEK LOW AND HIGH
$63.7
$47.04
$64.60
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MID - Profile
Distributions
- YTD Total Return 26.3%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.20%
- Dividend Yield 0.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAmerican Century Mid Cap Growth Impact ETF
-
Fund Family NameAmerican Century Investments
-
Inception DateJul 13, 2020
-
Shares Outstanding585000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRene Casis
Fund Description
The portfolio managers look for stocks of medium capitalization companies they believe will increase in value over time, using proprietary fundamental research. The initial research process begins by analyzing the United Nations Sustainable Development Goals (SDG) to identify companies that generate, or could generate, social and environmental impact alongside a financial return. SDGs are a collection of global goals set by the United Nations General Assembly—examples include: affordable and clean energy; decent work and economic growth; industry, innovation, and infrastructure; and responsible consumption and production. The portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. They generate an impact thesis—an assessment of current or projected SDG alignment in combination with a fundamental growth profile—for each security.
The portfolio managers may use commercial third party mapping tools, frameworks provided by sustainable investing platforms, or internal research, which may include engaging with a company’s leadership, to create each security’s SDG impact thesis. To decide whether a security aligns with an SDG, the portfolio managers place the most emphasis on the impact created by the product or service its issuing company produces. This helps the portfolio managers to avoid impact washing—investing in a company that is not truly advancing any of the SDGs, but is attempting to present itself as though it is (i.e., a company with a poor environmental track record touting that it will convert all of its delivery vehicles to clean burning natural gas, or a company with documented human rights abuses publicizing the diversity of its board of directors). While some securities in the fund’s portfolio may align with more than one SDG, to be eligible for selection by the portfolio managers, it is only necessary that a security aligns with one SDG. The fund does not prioritize any SDG over another, and so long as each security maps to at least one SDG, there is no minimum number of SDGs that must be represented in the portfolio.
When evaluating a security’s potential for financial return, portfolio managers seek companies with attractive returns on invested capital that are demonstrating or expected to demonstrate long-term business improvement. Analytical indicators helping to identify or forecast signs of business improvement could include accelerating earnings or revenue growth rates, increasing cash flows, or other indications of the relative strength of a company’s business. This analysis supports the portfolio managers’ decisions to buy or hold the stocks of companies that meet their selection criteria and sell the stocks of companies whose characteristics no longer meet their criteria.
The fund will invest principally in exchange-traded common stocks. Under normal market conditions, the portfolio managers will invest at least 80% of the fund’s assets in securities of medium capitalization companies that the portfolio managers believe will create impact by aligning with at least one of the SDGs, as described above. The portfolio managers consider medium capitalization companies to include those whose market capitalizations at the time of purchase are within the total capitalization range of the Russell Midcap® Growth Index. Though market capitalizations will change from time to time, as of September 30, 2023, the fund considers companies with market capitalizations between $1.29 billion and $54.49 billion to be medium capitalization companies. The fund may purchase securities of small and large capitalization companies as well. The fund is nondiversified and normally invests in a relatively limited number of companies, generally 20–40 securities.
The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
The fund is an actively managed, nontransparent exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. In lieu of publishing its portfolio contents (Actual Portfolio) daily, the fund publishes a proxy portfolio (Proxy Portfolio) each day and on its website. There is no minimum overlap required between the Actual Portfolio and the Proxy Portfolio.
MID - Performance
Return Ranking - Trailing
| Period | MID Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.3% | 5.7% | 155.0% | 34.88% |
| 1 Yr | 34.3% | 13.6% | 154.0% | 32.95% |
| 3 Yr | 3.7%* | -16.3% | 62.8% | 48.73% |
| 5 Yr | N/A* | -1.4% | 104.5% | 44.14% |
| 10 Yr | N/A* | 2.6% | 25.7% | 59.69% |
* Annualized
Return Ranking - Calendar
| Period | MID Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.2% | -27.7% | 68.0% | 32.88% |
| 2022 | -27.4% | -85.6% | 52.8% | 29.35% |
| 2021 | 10.4% | -74.9% | 238.3% | 18.95% |
| 2020 | N/A | -44.1% | 2474.5% | N/A |
| 2019 | N/A | -50.2% | 44.0% | N/A |
Total Return Ranking - Trailing
| Period | MID Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.3% | 5.7% | 155.0% | 34.88% |
| 1 Yr | 34.3% | 13.6% | 154.0% | 32.95% |
| 3 Yr | 3.7%* | -16.3% | 62.8% | 48.73% |
| 5 Yr | N/A* | -1.4% | 104.5% | N/A |
| 10 Yr | N/A* | 2.6% | 25.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MID Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.2% | -26.1% | 68.0% | 38.52% |
| 2022 | -27.4% | -67.0% | 56.8% | 46.97% |
| 2021 | 10.4% | -23.5% | 342.2% | 65.93% |
| 2020 | N/A | 2.6% | 2549.1% | N/A |
| 2019 | N/A | 14.6% | 44.8% | N/A |
MID - Holdings
Concentration Analysis
| MID | Category Low | Category High | MID % Rank | |
|---|---|---|---|---|
| Net Assets | 65.5 M | 2.73 M | 100 B | 92.25% |
| Number of Holdings | 39 | 24 | 3569 | 86.82% |
| Net Assets in Top 10 | 30.4 M | 670 K | 11.3 B | 87.40% |
| Weighting of Top 10 | 43.23% | 4.5% | 97.8% | 18.60% |
Top 10 Holdings
- MSCI Inc 5.82%
- Element Solutions Inc 4.95%
- Republic Services Inc 4.84%
- Monolithic Power Systems Inc 4.23%
- Bright Horizons Family Solutions Inc 4.10%
- Avient Corp 3.99%
- Cloudflare Inc 3.96%
- Duolingo Inc 3.96%
- Pool Corp 3.86%
- Lennox International Inc 3.52%
Asset Allocation
| Weighting | Return Low | Return High | MID % Rank | |
|---|---|---|---|---|
| Stocks | 97.49% | 58.72% | 103.99% | 69.57% |
| Cash | 2.51% | 0.00% | 28.07% | 29.26% |
| Preferred Stocks | 0.00% | 0.00% | 6.15% | 73.64% |
| Other | 0.00% | -0.04% | 14.45% | 77.33% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 69.38% |
| Bonds | 0.00% | 0.00% | 2.73% | 71.90% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MID % Rank | |
|---|---|---|---|---|
| Technology | 44.31% | 0.04% | 62.17% | 3.49% |
| Healthcare | 19.16% | 0.00% | 37.06% | 34.88% |
| Industrials | 12.93% | 0.00% | 38.23% | 67.25% |
| Consumer Cyclical | 11.86% | 0.00% | 57.41% | 67.25% |
| Basic Materials | 8.12% | 0.00% | 17.25% | 3.29% |
| Financial Services | 3.62% | 0.00% | 43.01% | 83.53% |
| Utilities | 0.00% | 0.00% | 12.94% | 76.55% |
| Real Estate | 0.00% | 0.00% | 19.28% | 93.02% |
| Energy | 0.00% | 0.00% | 62.10% | 87.02% |
| Communication Services | 0.00% | 0.00% | 18.33% | 96.71% |
| Consumer Defense | 0.00% | 0.00% | 16.40% | 95.16% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MID % Rank | |
|---|---|---|---|---|
| US | 97.49% | 46.79% | 103.99% | 60.85% |
| Non US | 0.00% | 0.00% | 34.12% | 77.33% |
MID - Expenses
Operational Fees
| MID Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.02% | 17.54% | 93.41% |
| Management Fee | 0.45% | 0.00% | 1.50% | 6.60% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| MID Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MID Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MID Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.00% | 0.00% | 250.31% | 59.35% |
MID - Distributions
Dividend Yield Analysis
| MID | Category Low | Category High | MID % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.27% | 0.00% | 33.43% | 17.83% |
Dividend Distribution Analysis
| MID | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MID | Category Low | Category High | MID % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.20% | -2.24% | 2.75% | 20.08% |
Capital Gain Distribution Analysis
| MID | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.043 | OrdinaryDividend |
| Mar 21, 2024 | $0.024 | OrdinaryDividend |
| Dec 18, 2023 | $0.011 | OrdinaryDividend |
MID - Fund Manager Analysis
Managers
Rene Casis
Start Date
Tenure
Tenure Rank
Jul 15, 2020
1.88
1.9%
Executive Chairman (since July 2016), Co-Chief Investment Officer (since June 2012),Mr. Casis, Portfolio Manager, has been a member of the team that manages the fund since joining American Century in 2018. Prior to joining American Century, he was a Partner at 55 Institutional, LLC from 2016 to 2017. From 2009 to 2016, he served in roles as US iShares Smart Beta Investment Strategist, US iShares Product Strategist and Senior Portfolio Manager in Beta Strategies for BlackRock Inc. He has a bachelor’s degree in economics from the University of California, Santa Barbara.
Nalin Yogasundram
Start Date
Tenure
Tenure Rank
Jul 15, 2020
1.88
1.9%
Nalin Yogasundram, Vice President and Portfolio Manager, has been a member of the team that manages the Fund since joining American Century in 2013 as an investment analyst and became a portfolio manager in 2016. Prior to joining American Century, he was an equity analyst for T. Rowe Price. He has a bachelor’s degree from the University of Arkansas, a master’s degree from Southern Methodist University, and an MBA from The Wharton School of the University of Pennsylvania.
Robert Brookby
Start Date
Tenure
Tenure Rank
Jul 15, 2020
1.88
1.9%
Robert M. Brookby, Vice President and Senior Portfolio Manager, has been a member of the team that manages the fund since joining American Century Investments in 2018. From 2008 to 2018, he was a portfolio manager for Putnam Investments. He was Senior Vice President and Portfolio Manager at Putnam Investments. Robert’s career in the investment industry began in 1999. He worked with Putnam Investments since 2008. Before joining Putnam, Robert was an Equity Analyst with Raymond James Financial from 1999 to 2000.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 11.76 |