American Century Mid Cap Growth Impact ETF (MID)

Overview

The American Century Mid Cap Growth Impact ETF (MIDO) seeks long-term capital appreciation by investing in mid-capitalization companies with strong growth potential and positive social or environmental impact.

Reputation and Reliability

American Century Investments is a well-established investment management firm with a long history.

Management Expertise

American Century has experienced investment professionals specializing in growth and impact investing.

Goal

To seek long-term capital appreciation.

Investment Approach and Strategy

Strategy: Actively managed ETF focusing on mid-cap growth companies demonstrating positive social or environmental impact.

Composition Primarily invests in stocks of mid-capitalization companies.

Market Share: Market share data is not readily available for this specific ETF in relation to the entire mid-cap growth impact ETF market as it is relatively niche. Market share is constantly fluctuating and data can be delayed.

Total Net Assets (AUM): 75000000

Key Competitors

• ACTV
• ESGV
• VFTSX
• VSPGX

Competitive Landscape

The mid-cap growth impact ETF landscape is competitive, with both passively and actively managed funds. MIDO's active management and specific impact focus differentiate it, but it might have higher fees than passively managed competitors. Competitors may have a larger AUM.

Historical Performance: Historical performance data should be sourced from financial websites. The ETF is relatively new and historical data might be limited.

Benchmark Comparison: Comparison to a relevant benchmark (e.g., Russell Midcap Growth Index) would gauge effectiveness.

Expense Ratio: 0.45

Average Trading Volume

Average trading volume can be moderate and can be found on various websites which will help determine how easily shares can be bought and sold.

Bid-Ask Spread

The bid-ask spread can vary depending on market conditions but generally it is tight.

Market Environment Factors

Economic growth, interest rates, and investor sentiment toward growth stocks and sustainable investing influence MIDO's performance.

Growth Trajectory

Growth depends on the continued demand for mid-cap growth stocks and the increasing focus on ESG investing.

Competitive Edge

MIDO's competitive edge lies in its active management approach and its focus on companies that generate positive social or environmental impact, appealing to investors who want financial returns and want a strategy that incorporates their values. The actively managed strategy aims to identify high-growth companies that the fund managers expect will outperform the broader market. The impact investing screen adds another layer of differentiation, attracting investors seeking companies that align with their values. The specialized investment process aims to lead to superior returns.

Volatility

MIDO, as a growth-focused ETF, is subject to market fluctuations that might affect the value.

Market Risk

Market risk includes the potential for losses due to broad market downturns and sector-specific risks affecting mid-cap growth companies.

Ideal Investor Profile

Investors seeking long-term capital appreciation, exposure to mid-cap growth stocks, and alignment with positive social or environmental impact.

Market Risk

Suitable for long-term investors willing to accept moderate to high risk in exchange for potentially higher returns.

The American Century Mid Cap Growth Impact ETF is designed for investors seeking capital appreciation through mid-cap growth companies with positive social or environmental impact. It is an actively managed fund with a focus on identifying high-growth companies, offering a unique combination of growth potential and ESG investing. Its potential risks include the higher expense ratio associated with active management and the volatility associated with mid-cap growth stocks. Investors should carefully consider their risk tolerance and investment goals before investing. With the ETF still being young, the data available on the funds performance is limited.

Data Sources:

• American Century Investments Website
• ETF.com
• Morningstar

Disclaimers:

Investment involves risk, including the potential loss of principal. Past performance is not indicative of future results. Consult with a financial advisor before making investment decisions. Data is based on available information and may be subject to change.