Avantis Investors Launches New Active ETF

July 20, 2023 - Kansas City, Mo. - Avantis Investors^®, a $27 billion* investment offering from global asset manager American Century Investments^®, launched a new exchange traded fund (ETF) today. Avantis International Small Cap Equity ETF (AVDS) is now listed on the New York Stock Exchange (NYSE Arca, Inc.) and is the latest addition to Avantis Investors' growing ETF lineup.

"Launching new strategies is fun – especially when it is something clients are asking for," said Avantis Chief Investment Strategist Phil McInnis. "The Avantis International Small Cap Equity ETF compliments the already available Avantis U.S. Small Cap Equity ETF (AVSC). It applies the same principles but now to international markets."

Avantis International Small Cap Equity ETF

AVDS invests primarily in a diverse group of non-U.S. small cap companies across market sectors, industry groups and countries. The actively managed fund seeks long-term capital appreciation and selects securities of companies that it expects to have higher returns by placing enhanced emphasis on profitability and value characteristics. Conversely, the fund will underweight or exclude securities it expects to have lower returns based on lower level of profitability and less attractive value characteristics. It has a gross expense ratio of 0.30%.

The ETF will be co-managed by Avantis Chief Investment Officer Eduardo Repetto and Senior Portfolio Managers Mitchell Firestein, Daniel Ong, CFA and Ted Randall, and Portfolio Manager Matthew Dubin. The four active ETFs launched by Avantis last month are also co-managed by Repetto, Firestein, Ong, Randall and Dubin.

"We are excited to add another small cap ETF to our lineup," said Firestein. "We believe AVDS provides an efficient way to get exposure to small cap companies in international markets at an attractive expense ratio."

Last month, Avantis launched four ETFs: Avantis All Equity Markets Value ETF (AVGV), Avantis All International Markets Equity ETF (AVNM), Avantis All International Markets Value ETF (AVNV) and Avantis Moderate Allocation ETF (AVMA). All four ETFs are "fund of funds," and utilize a range of existing Avantis ETFs to build out multi-region and multi-asset class solutions.

Today's new fund, as well as the four launched in June, join Avantis' lineup of ETFs and mutual funds spanning equities, fixed income and real estate. Current Avantis funds include:

• Avantis All Equity Markets ETF (AVGE);

• Avantis All Equity Markets Value ETF (AVGV);

• Avantis All International Markets Equity ETF (AVNM);

• Avantis All International Markets Value ETF (AVNV);

• Avantis Core Fixed Income ETF (AVIG) and mutual fund (AVIGX);

• Avantis Core Municipal Fixed Income ETF (AVMU);

• Avantis Emerging Markets Equity ETF (AVEM) and mutual fund (AVEEX);

• Avantis Emerging Markets Value ETF (AVES);

• Avantis Inflation Focused Equity ETF (AVIE);

• Avantis International Equity ETF (AVDE) and mutual fund (AVDEX);

• Avantis International Large Cap Value ETF (AVIV);

• Avantis International Small Cap Value ETF (AVDV) and mutual fund (AVDVX);

• Avantis Moderate Allocation ETF (AVMA);

• Avantis Real Estate ETF (AVRE);

• Avantis Responsible Emerging Markets Equity ETF (AVSE);

• Avantis Responsible International Equity ETF (AVSD);

• Avantis Responsible U.S. Equity ETF (AVSU);

• Avantis Short-Term Fixed Income ETF (AVSF) and mutual fund (AVSFX);

• Avantis U.S. Equity ETF (AVUS) and mutual fund (AVUSX);

• Avantis U.S. Large Cap Value ETF (AVLV) and mutual fund (AVLVX);

• Avantis U.S. Small Cap Equity ETF (AVSC); and

• Avantis U.S. Small Cap Value ETF (AVUV) and mutual fund (AVUVX).

Avantis helps 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 consistency of indexing. Repetto and Chief Operating Officer Patrick Keating, CFA, CPA have led Avantis since its start.

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 New York; London; Frankfurt; Hong Kong; Sydney; Santa Clara, Calif.; and Kansas City, Mo. Jonathan Thomas is president and chief executive officer, 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 basic biomedical research organization. The Institute owns more than 40% of American Century Investments and has received dividend payments of nearly $2 billion since 2000. For more information about American Century Investments, visit americancentury.com.

*Assets under supervision as of 07/11/2023.

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.

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.

This fund is actively managed ETFs and 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.

AVGV, AVNM, AVNV and AVMA: The fund's performance and risks reflect the performance and risks of the underlying funds in which it invests. By investing in underlying funds, the primary fund becomes a shareholder of the underlying fund and bears its proportionate share of the underlying fees and expenses.

AVGV, AVNM, AVNV and AVMA: The fund's performance and risks depend in part on the managers' skill in selecting and weighting the asset classes and underlying funds and implementing any deviations from the target range, which may differ from actual market conditions.

AVDS, AVGV, AVNM, AVNV and AVMA: International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

AVDS, AVSC, AVGV, AVNM, AVNV and AVMA: 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.

AVMA: Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline. Derivatives may be more sensitive to changes in market conditions and may amplify risks.