- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Sep 28, 2023
- Business
- Avantis U.S. Large Cap Equity ETF (AVLC) is an actively managed exchange-traded fund that invests primarily in a diverse group of U.S. large-cap companies across market sectors and industry groups, seeking long-term capital appreciation by overweighting securities with higher expected returns based on profitability and value characteristics relative to book value; it underweights or excludes securities with lower profitability and less attractive valuations. Launched on September 26, 2023, and listed on NYSE Arca, the ETF features a net expense ratio of 0.15% and is co-managed by Eduardo Repetto, Mitchell Firestein, Daniel Ong, and Ted Randall, with support from Matthew Dubin, under the auspices of Avantis Investors, an investment offering from American Century Investments founded in 1958 and headquartered in Kansas City, Missouri, with key operations in Los Angeles, California. Top holdings as of recent data include NVIDIA Corp (6.3%), Microsoft Corp (5.7%), Apple Inc (5.6%), Amazon.com Inc (4.0%), and Meta Platforms Inc (3.3%), spanning technology, consumer cyclical, communication services, and financial services sectors. The fund targets institutional investors, registered investment advisors, and financial professionals seeking diversified U.S. equity exposure with active oversight to potentially outperform benchmarks like the Russell 1000 Index.
In recent developments, Avantis Investors, AVLC's sponsor, surpassed $100 billion in assets under management in December 2025, reflecting nearly $27 billion in net new investments through the first 11 months of the year and marking one of the fastest-growing active ETF issuers; this growth follows the firm's expansion into new markets, including the launch of its first ETFs in Australia in October 2025 via partnership with Equity Trustees and Cboe Australia, entry as an ETF issuer on SIX Swiss Exchange in June 2025, and a strategic alliance with CIBC Asset Management in November 2025 to introduce eight Avantis CIBC ETFs in Canada. Additionally, Avantis formed a partnership with FusionIQ in late 2023 to deliver ETFs and mutual funds through its digital model marketplace, enhancing access for advisors, while American Century Investments, its parent, reached $300 billion in assets under supervision in September 2025 amid ongoing ETF platform innovations. These initiatives underscore Avantis' focus on broadening global distribution of low-cost, active strategies across equities, fixed income, and multi-asset solutions in the U.S., Europe, Australia, and emerging partnerships in Canada and Switzerland.