ESGA Profile
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
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