The Fund is an actively managed exchange-traded fund of American Century ETF Trust that seeks long-term capital appreciation by investing primarily in U.S. companies across market sectors and industry groups, of all market capitalizations. It applies Avantis Investors' systematic, factor-based process, which targets securities expected to offer higher returns by placing enhanced emphasis on smaller-capitalization, higher-profitability, and lower-priced (value) companies. It is a sibling to the Avantis All International Core Equity ETF (AVNC), extending the same core equity approach to the U.S. market, and is benchmarked to a broad U.S. equity index.