MIDAmerican Century Mid Cap Growth Impact ETF
MID Fund Description
MID is an actively managed, nontransparent ETF to provide exposure to US growth stocks with positive ESG characteristics.
MID Factset Analytics Insight
MID is one of the issuer’s first actively-managed, nontransparent ETFs. Selection is based on individual company analysis, rather than broad economic forecasts. The portfolio generally holds 20-40 US midcaps with long-term growth and positive ESG traits. Firms are also gauged based on the UN Sustainable Development Goals (SDG) which may include: quality education, gender equality, and responsible consumption and production. The portfolio managers create an impact thesis to explain the firm’s SDG alignment along with its fundamental growth. Unlike other ETFs that publish full portfolio holdings daily, MID publishes a “proxy portfolio” on its website. It only includes some holdings, designed to track MID’s daily performance and help facilitate arbitrage opportunities. Holdings are disclosed on a quarterly basis, with a 60-day lag.
MID MSCI ESG Analytics Insight
American Century Mid Cap Growth Impact ETF has an MSCI ESG Fund Rating of A based on a score of 6.65 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. American Century Mid Cap Growth Impact ETF ranks in the 43th percentile within its peer group and in the 13th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MID MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
MID Summary Data
MID Portfolio Data
MID Index Data
MID Portfolio Management
MID Tax Exposures
MID Fund Structure
MID Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MID. MID is rated a N/A out of 5.
MID Sector/Industry Breakdown
MID Economic Development
MID Performance Statistics
MID MSCI ESG Ratings
MID Benchmark Comparison Summary
MID Benchmark Comparison Market Cap Size