- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Jan 13, 2022
- Business
- Avantis U.S. Small Cap Equity ETF (AVSC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in a diverse group of U.S. small-cap companies across market sectors and industry groups, with securities selected and weighted based on valuation, profitability, and investment levels. Launched on January 11, 2022, and listed on NYSE Arca, the ETF employs a proprietary systematic investment approach that pursues indexing benefits such as diversification, low turnover, transparency, and tax efficiency, while incorporating active decisions informed by current market prices and benchmarking against the Russell 2000 Index. It holds approximately 1,316 securities, including top positions in companies like TTM Technologies Inc., Viavi Solutions Inc., and FormFactor Inc., focusing on higher-quality small-cap stocks expected to generate superior returns; the fund features a net expense ratio of 0.25% and is distributed by Foreside Fund Services LLC. AVSC forms part of the broader lineup of equity, fixed income, and real asset strategies offered by its sponsor, Avantis Investors, a division of American Century Investments founded in 1958 and headquartered in Kansas City, Missouri, with additional offices in New York, Los Angeles, London, and other global locations.
The ETF targets financial professionals, institutions, corporations, and individual investors seeking exposure to the U.S. small-cap segment, emphasizing developed North American markets without reliance on a specific underlying index or derivatives. Portfolio management is led by Eduardo Repetto, Ph.D. (Chief Investment Officer since 2019), alongside Ted Randall, Daniel Ong, CFA, and Mitchell Firestein, leveraging decades of experience in financial science-based strategies.
In recent developments, Avantis Investors, overseeing AVSC alongside assets exceeding $200 billion as of September 30, 2025, entered a strategic alliance with CIBC Asset Management Inc. in November 2025 to launch eight Avantis CIBC ETFs for the Canadian market, expanding its geographic reach beyond the U.S. Earlier in June 2024, Avantis complemented AVSC with the launch of the corresponding mutual fund, Avantis U.S. Small Cap Equity Fund (AVSCX), co-managed by the same team including Matthew Dubin and maintaining the same 0.25% expense ratio focus on small-cap profitability and value. These initiatives underscore Avantis' ongoing expansion of actively managed, low-cost ETF and mutual fund offerings, building on its rapid growth since 2019 under American Century Investments.