Avantis U.S. Mid Cap Equity ETF
AVMC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 360 E 2nd St Los Angeles CA United States of America 90012
- IPO Date
- Nov 9, 2023
- Website
- avantisinvestors.com
- Similar Companies
- Business
- American Century ETF Trust - Avantis U.S. Mid Cap Equity ETF (AVMC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in a diverse group of U.S. mid-cap companies across market sectors and industry groups; it emphasizes securities with higher expected returns based on profitability, valuation, and investment capacity criteria, including those with smaller market capitalizations within the mid-cap range and higher profitability-to-book ratios. The fund, which trades on the NYSE Arca, holds approximately 500-520 securities with a weighted average market capitalization of around $20 billion, targeting the market capitalization spectrum of the Russell Midcap Index while employing active management without tracking a specific benchmark; it features a net expense ratio of 0.18%. Launched on November 7, 2023, as part of the Avantis Investors lineup under American Century ETF Trust, it is managed by a team including Chief Investment Officer Eduardo Repetto and portfolio managers Mitchell Firestein, Daniel Ong, Ted Randall, and Matthew Dubin. American Century ETF Trust forms part of American Century Investments, a global asset manager founded in 1958 and headquartered in Kansas City, Missouri, with additional offices in New York, London, Hong Kong, Sydney, and other locations worldwide. The trust serves institutional and individual investors through a suite of ETFs under the Avantis brand, focusing on low-cost, scientifically informed strategies that blend indexing consistency with active outperformance potential; AVMC targets financial professionals, advisors, and institutions seeking exposure to U.S. mid-cap equities. In recent developments, Avantis Investors, the brand powering AVMC, launched alongside AVMC in September 2023 with two companion U.S. mid-cap ETFs (Avantis U.S. Mid Cap Value ETF - AVMV and Avantis Emerging Markets Small Cap Equity ETF - AVEE), expanding its active ETF platform that now exceeds 30 strategies. By December 2025, Avantis surpassed $100 billion in assets under management in just six years, reinforcing its position as the fourth-largest active ETF issuer in the U.S. with $75 billion in ETF assets; the broader American Century Investments reached $300 billion in total assets. In 2024-2025, Avantis accelerated European expansion by launching UCITS ETFs registered in the UK and Germany, listing a new ETF on the SIX Swiss Exchange in June 2025, filing for additional UCITS products, and adding senior sales leadership like Andrew Moore to meet growing demand from advisors, wealth managers, and family offices.