FDG
American Century Focused Dynamic Growth ETF
FDG is actively managed to invest in a narrow selection of US mid and large-cap growth companies.
US
EQUITY
Active
MANAGEMENT STYLE
372.0 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | American Century Investments |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 31, 2020 |
| Assets (mns) | $372 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 19.1 % |
| AMAZON.COM INC | 10.3 % |
| TESLA MOTORS INC | 7.3 % |
| ALPHABET INC. CLASS C | 7.2 % |
| META PLATFORMS INC | 6.8 % |
| MICROSOFT CORP | 6.0 % |
| NETFLIX INC | 5.2 % |
| ALNYLAM PHARMACEUTICALS INC | 4.9 % |
| ROCKET LAB USA, INC. | 4.5 % |
| SALESFORCE.COM INC | 3.5 % |
Constituent Breakdown
| Number of holdings | 39 |
| Herfindahl-Hirschman Index | 803 |
| Wgt avg mkt cap (mns) | $1,969,766 |
| Large cap (>$10bn) | 106.7% |
| Mid cap ($2-10bn) | 3.9% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 110.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 103.0 % |
 |
CANADA | 2.6 % |
 |
DENMARK | 2.1 % |
 |
NETHERLANDS | 1.9 % |
 |
BRITAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.2% | 38.4% | 46.0% | 33.2% | 15.8% | -- | -- | 24.2% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 24.2% | 38.4% | 46.0% | 33.2% | 15.8% | -- | -- | 24.2% | Ann. Volatility | 26.6% | 25.9% | 22.9% | 22.4% | 25.1% | -- | -- | 25.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.32 | 78% |
| MSCI EAFE | 0.41 | 10% |
| MSCI Emg Mkts | 0.37 | 9% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| Recent close | $127.02 |
| 30d moving avg. | $123.00 |
| Annualized volatility | 19.4% |
| Relative strength (RSI) | 66 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FFOG | Franklin Focused Growth ETF | 59.5% | +16 bp | +2.4% |
| JGRO | JPMorgan Active Growth ETF | 53.6% | -1 bp | +3.5% |
| PJFG | PGIM Jennison Focused Growth ETF | 52.8% | +30 bp | +2.6% |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 50.0% | -27 bp | +4.6% |
| GGRW | Gabelli Growth Innovators ETF | 49.4% | +45 bp | +2.4% |
| AGRW | Allspring LT Large Growth ETF | 48.8% | -10 bp | +3.5% |
| CGGR | Capital Group Growth ETF | 48.0% | -6 bp | +3.3% |
| BGRO | iShares Large Cap Growth Active ETF | 46.4% | +10 bp | +2.8% |
| FBCG | Fidelity Blue Chip Growth ETF | 46.4% | +14 bp | +2.8% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 45.8% | +14 bp | +4.0% |
Risk and Returns: FDG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FDG
2.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 996 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. FDG's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places FDG in the 6th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 402 |
| Avg. Expense Ratio | 63.7 bp |
| Std. Deviation | 35.5 bp |
| FDG (45 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDG | 45.0 | 11.1 | 56.1 |
| Peer Avg. | 63.7 | 20.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .