American Century Focused Dynamic Growth ETF

FDG

Market cap $359M

Overview Fund Activity

119.62 USD

-0.55

0.46%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.46%

5 days

1.37%

1 month

3.17%

3 months

15.13%

6 months

27.81%

Year to date

15.31%

1 year

33.47%

5 years

90.75%

10 years

211.27%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

150% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 10

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

21% more capital invested

Capital invested by funds: $191M [Q1] → $230M (+$39.2M) [Q2]

14% more funds holding

Funds holding: 50 [Q1] → 57 (+7) [Q2]

3.32% less ownership

Funds ownership: 76.9% [Q1] → 73.58% (-3.32%) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

FDG: Nontransparent ETF With Quality Holdings But High Beta, Unconvincing Returns

American Century Focused Dynamic Growth is an active nontransparent ETF favoring companies with revenues and earnings "growing at an accelerated pace," with a concentrated portfolio. I initiate coverage of FDG with a Hold rating owing to its mixed returns (i.e., it has underperformed QQQ, SCHG, and IWF since its inception). This year, its returns have been strong thanks to concentration (36 stocks as of June 30), high beta, and outstanding growth characteristics.

FDG: Nontransparent ETF With Quality Holdings But High Beta, Unconvincing Returns

The Growth ETF Showing the Power of Active

2025 is more than halfway through, with plenty of ups and downs already in the rearview mirror. The path ahead may not be smooth, however, despite the late spring recovery from early turbulence.

The Growth ETF Showing the Power of Active

Volatile Macro Conditions Call for Long-Term Investing

These days, it's becoming harder to look at the headlines and not worry about how the news will affect one's investing. Macro concerns don't seem to be slowing down any time soon, either.

Volatile Macro Conditions Call for Long-Term Investing

FDG: A High Volatility, Premium Valuation Growth ETF

FDG offers a concentrated, high-growth portfolio with mega-cap tech, consumer discretionary, and healthcare overweights, but limited diversification versus peers. The fund trades at a premium valuation (28.8x earnings), reflecting strong growth but raising concerns about risk, volatility, and downside exposure. Performance is volatile: strong in bull markets but underperforms and suffers steeper drawdowns in downturns, with higher costs and lower liquidity than competitors.

FDG: A High Volatility, Premium Valuation Growth ETF

FDG: Outperforming ETF Post Liberation Day

American Century Focused Dynamic Growth ETF is an actively managed ETF focusing on 30–45 high-growth, mid-to-large-cap U.S. companies, that has consistently outperformed the Russell 1000 Growth benchmark. The fund's concentrated, differentiated portfolio and disciplined stock selection have generated strong returns post-Liberation Day, with strong risk-adjusted results. Given its track record, reasonable fees, and skilled management, I maintain a Buy rating for FDG as a compelling growth ETF option.

FDG: Outperforming ETF Post Liberation Day

Why Growth Investing Isn't Out of Favor Just Yet

For the last few years, growth strategies have easily cemented themselves as the belle of the ball for equity investors. That being said, 2025 hasn't been especially kind to many tried-and-true large-cap growth strategies.

Why Growth Investing Isn't Out of Favor Just Yet

American Century's FLV & FDG Cross 5-Year Milestone

As the ETF universe continues to grow with new launches, advisors and investors shouldn't lose sight of established, consistently performing strategies. The actively managed American Century Focused Dynamic Growth ETF (FDG) and the American Century Focused Large Cap Value ETF (FLV) recently crossed five years in trading at the end of March.

American Century's FLV & FDG Cross 5-Year Milestone

FDG: Proven Returns Make This An Interesting Growth ETF

FDG is an actively managed ETF that invests in 30-45 mid- to large-cap growth companies and has outperformed the Russell 1000 Growth ETF benchmark since inception. Despite skepticism towards actively managed ETFs, FDG has consistently beaten its benchmark with a 0.45% expense ratio, offering strong returns. The fund's portfolio is distinct, focusing on consumer discretionary, reduced tech holdings, and smaller growth stocks, contributing to its outperformance.

FDG: Proven Returns Make This An Interesting Growth ETF

American Century Co-CIO Lee Talks Dynamic Active Growth ETF FDG

2025 offers a new set of opportunities for investors, many of whom are refreshing their portfolios. Those investors looking at their investing options, which include a rising class of active ETFs, face a market dominated by just a few names.

American Century Co-CIO Lee Talks Dynamic Active Growth ETF FDG

Top ETFs That Beat the Market in 2024 and Could Do It Again

2024 was an incredible year for exchange-traded funds (ETFs) as an investment vehicle, with investors funneling a record-breaking $1.1 trillion in new assets into these funds. With new ETFs launching all the time, investors now have more than 12,000 different options from which to choose.

Top ETFs That Beat the Market in 2024 and Could Do It Again

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