For His 6th New ETF of 2023, Repetto Launches ...
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Wednesday, October 4, 2023

For His 6th New ETF of 2023, Repetto Launches ...

Eduardo Repetto and his colleagues are launching their sixth new ETF of the year, boosting their $27-billion-AUS (as of July 11) boutique's lineup to 24 ETFs in total. (They also offer eight traditional mutual funds.)

Eduardo A. Repetto
Avantis Investors
Chief Investment Officer
Last Thursday, September 28, Daniel Ong, senior portfolio manager at Avantis Investors, and Repetto, chief investment officer, unveiled the debut of the Avantis U.S. Large Cap Equity ETF (AVLC on the NYSE Arca, Inc.). The new, actively managed fund is a series of the American Century ETF Trust [profile]. (Avantis is a division of Kansas City, Missouri-based American Century.)

AVLC's inception date was September 26, and it comes with an expense ratio of 15 basis points. At market close yesterday, the new ETF had more than $147 million in AUM.

"We decided to launch AVLC after conversations with investors who liked our US large cap SMA strategy but wanted it in the ETF vehicle," Repetto states.

American Century Investment Management, Inc. serves as investment advisor to AVLC, while American Century Services, LLC (ACS) serves as administrator. The new fund's PM team included: Matthew Dubin, PM at Avantis; Mitchell Firestein, senior PM; Ted Randall, senior PM; Ong; and Repetto.

Ong describes the launch of AVLC as offering investors "one more tool ... as they build asset allocations."

"Large caps can play a crucial role in investors' allocations and we are excited to provide them with another option that can combine the benefits of indexing with the potential to do better," Ong states.

"The quality of our lineup of strategies, the attractiveness of our pricing and our client focus has all contributed to Avantis being one of the fastest-growing ETF issuers in the industry," Repetto states.

AVLC's other service providers include: Deloitte & Touche LLP as independent accounting firm; Foreside Fund Services, LLC as distributor; and State Street Bank and Trust Company (SSB) as custodian, dividend paying agent, securities lending agent, sub-administrator, and transfer agent.

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