ESGA - American Century Sustainable Equity ETF

The American Century Sustainable Equity ETF, with the ticker symbol ESGA, is an exchange-traded fund that seeks to provide long-term capital appreciation by investing in large-cap US companies with strong environmental, social, and governance (ESG) practices. The fund was launched on April 1, 2021, and is managed by American Century Investments.

ESGA tracks the American Century MSCI USA ESG Leaders Index, which includes companies that have high ESG scores relative to their sector peers. The index is constructed using MSCI ESG Fundamentals data, which analyzes the ESG performance of companies based on various criteria such as carbon emissions, water usage, labor standards, and board diversity.

As of March 23, 2023, the fund had a total net asset value of approximately $1.8 billion and held 284 positions in its portfolio. The top holdings of ESGA include Apple Inc., Microsoft Corporation, Amazon.com Inc., Facebook Inc., and Alphabet Inc. Class A, with the information technology sector representing the largest sector allocation at around 31% of the portfolio. The fund has an expense ratio of 0.39%.

Investors interested in socially responsible investing (SRI) may consider ESGA as a potential option for gaining exposure to companies with strong ESG practices in the US. However, it is important to note that ESG investing may not necessarily lead to outperformance or guarantee a positive social or environmental impact. As with any investment, investors should conduct thorough research and consider their investment goals, risk tolerance, and time horizon before making any investment decisions.