Avantis Investors® Launches Three New Active ETFs

November 9, 2023 - Kansas City, Mo. - Today, Avantis Investors^®, a $30 billion* investment offering from global asset manager American Century Investments^®, continues to grow its exchange traded fund (ETF) platform with the listing of three new ETFs: Avantis U.S. Mid Cap Equity ETF (AVMC), Avantis U.S. Mid Cap Value ETF (AVMV) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). Each fund seeks long-term capital appreciation and is listed on the New York Stock Exchange (NYSE Arca, Inc.).

"Our goal has always been to offer a comprehensive suite of funds for investors," said Avantis Chief Investment Strategist Phil McInnis. "Year-to-date we've seen over $9 billion in net inflows across our strategies. The response from investors has been really positive, and as we continue to see demand from clients, we'll develop new solutions to help them."

All three funds seek securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies with higher profitability and value characteristics. AVMC and AVMV invest primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups, and AVEE invests primarily in a diverse range of small cap companies related to emerging markets across market sectors, industry groups and countries.

The ETFs will be co-managed by Avantis Chief Investment Officer Eduardo Repetto, Senior Portfolio Managers Mitchell Firestein, Daniel Ong, CFA and Ted Randall, and Portfolio Manager Matthew Dubin.

"The Avantis U.S. Mid Cap Equity ETF and Avantis U.S. Mid Cap Value ETF are our first dedicated mid-cap solutions and enhance our range of investment choices, providing investors more tools for building well-rounded, diversified portfolios," said Firestein. "The Avantis Emerging Markets Small Cap Equity ETF complements our existing small cap offerings, the Avantis U.S. Small Cap Equity ETF (AVSC) and the Avantis International Equity Small Cap ETF (AVDS). We now offer a full range of small cap solutions across global equity markets. We always enjoy launching new funds and we are excited to add another small cap ETF to our lineup."

The three new funds are the latest additions to Avantis' growing ETF lineup, which has added six new ETFs this year. In June, Avantis launched 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 that offer investors tax-efficient allocations. Avantis expanded again in July with the launch of Avantis International Small Cap Equity ETF (AVDS), an actively managed fund that invests primarily in a diverse group of non-U.S. small cap companies across market sectors, industry groups and countries, and again in September with Avantis U.S. Large Cap Equity ETF (AVLC), an actively managed fund that invests primarily in a diverse group of U.S. large cap companies across market sectors and industry groups.

Today's new funds, as well as the six launched earlier this year, 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 Equity ETF (AVDS);

• 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 Equity ETF (AVLC)

• 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 2019 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 Kansas City, Missouri; New York; Los Angeles; Santa Clara, California; Portland, Oregon; London; Frankfurt, Germany; Hong Kong; and Sydney. 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 management as of 11/3/23.

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 Avantisinvestors.com or by calling 1-833-9AVANTIS, contains this and other information about the fund, and should be read carefully before investing.

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.

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.

These funds are actively managed Exchange Traded Fund (ETF) 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.

ETFs are subject to capital gains tax and taxation of dividend income. However, ETFs are structured in such a manner that taxes are minimized for the holder of the ETF and because the capital gains tax is incurred by the investor after the ETF is sold.

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.

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

AVGV, AVNM, AVNV, AVMA, AVEE, AVMC and AVMV: 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.

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.