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-cap companies with strong growth potential and positive social impact. It emphasizes companies demonstrating responsible corporate behavior.

Reputation and Reliability

American Century Investments has a long-standing reputation and a history of managing assets across various investment styles.

Management Expertise

The management team has expertise in growth investing and incorporating ESG (Environmental, Social, and Governance) factors into the investment process.

Goal

To achieve long-term capital appreciation by investing in mid-cap growth companies with positive social impact.

Investment Approach and Strategy

Strategy: The ETF does not track a specific index, but rather employs an active management strategy focusing on growth and impact. It selects companies that align with its ESG criteria.

Composition The ETF primarily holds stocks of mid-cap companies in various sectors, with a focus on companies exhibiting growth characteristics and positive ESG profiles.

Market Share: MIDO holds a relatively small market share within the mid-cap growth ETF category.

Total Net Assets (AUM): 62000000

Key Competitors

• IWP
• JHML
• RPG

Competitive Landscape

The mid-cap growth ETF space is highly competitive. MIDO differentiates itself through its impact investing approach. Its AUM is much smaller than competitors like IWP and RPG, potentially limiting liquidity. Its strength lies in attracting investors specifically seeking socially responsible investments.

Historical Performance: Historical performance data would need to be pulled from a financial data provider and cannot be provided without real-time data access.

Benchmark Comparison: Benchmark comparison data would need to be pulled from a financial data provider and cannot be provided without real-time data access.

Expense Ratio: 0.39

Average Trading Volume

The average trading volume for MIDO is moderate, which could affect order execution for large trades.

Bid-Ask Spread

The bid-ask spread for MIDO can vary, but it is generally wider than more heavily traded ETFs, representing a higher transaction cost.

Market Environment Factors

Economic growth, interest rates, and investor sentiment toward growth stocks impact MIDO. The focus on ESG can provide resilience in certain market environments.

Growth Trajectory

The growth trajectory of MIDO is tied to the performance of mid-cap growth stocks and investor demand for impact investing. Changes to strategy are disclosed in fund prospectuses.

Competitive Edge

MIDO's competitive edge lies in its dual focus on mid-cap growth and social impact. This differentiates it from traditional growth ETFs. The active management approach allows for nuanced stock selection beyond simple index tracking. The commitment to ESG principles may attract a specific segment of investors increasingly concerned about corporate responsibility. American Century's established brand also provides some advantage.

Volatility

MIDO's volatility is characteristic of growth stocks, and may be higher than broader market ETFs.

Market Risk

MIDO is exposed to market risk associated with equity investments, including economic downturns and sector-specific challenges. Its focus on mid-cap companies may introduce additional volatility compared to large-cap ETFs.

Ideal Investor Profile

The ideal investor is seeking long-term capital appreciation, is comfortable with moderate to high volatility, and prioritizes socially responsible investing. Investors who want exposure to mid-cap growth companies will find this attractive.

Market Risk

MIDO is suitable for long-term investors who align with its ESG focus. It is less suitable for active traders due to its moderate liquidity and potentially wider bid-ask spread.

American Century Mid Cap Growth Impact ETF (MIDO) offers exposure to mid-cap growth companies with a focus on positive social impact. Its active management seeks to outperform traditional growth ETFs by incorporating ESG factors. MIDO differentiates itself through its impact investing approach, which can appeal to socially conscious investors. However, the ETF's moderate liquidity and reliance on mid-cap growth companies may introduce higher volatility. Therefore, it suits long-term investors comfortable with market fluctuations and the ETF's ESG mandate.

Data Sources:

• American Century Investments website
• ETF.com
• Morningstar

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investors should consult with a financial advisor before making any investment decisions. Market share data is based on estimates and may not be precise.