American Century Focused Dynamic Growth ETF: Nontransparent ETF with Quality Holdings and High Beta, Unconvincing Returns

Friday, Aug 29, 2025 11:23 pm ET1min read

The American Century Focused Dynamic Growth ETF (FDG) is an active nontransparent ETF with high-beta holdings, but its returns are unconvincing. Despite its quality holdings, the ETF has not been able to outperform the market consistently. As a result, I would rate FDG with a Hold rating.

American Century Companies Inc. has significantly reduced its holdings in Edison International by 93.7%, selling 3,077,586 shares and retaining only 207,284 shares valued at approximately $12.2 million [1]. This reduction comes amidst a period of strong financial performance for Edison International, which reported a net margin of 16.00% and earnings of $0.97 per share for the last quarter, surpassing analysts' expectations of $0.88 [1].

Edison International, a utilities provider, also announced a quarterly dividend of $0.8275 per share, representing an annual yield of 6.1%, and a dividend payout ratio of 48.60% [1]. The company's revenue increased by 4.8% year-over-year, and analysts predict a range of 5.940-6.340 EPS for the fiscal year 2025 [1].

Other institutional investors have also made notable changes to their positions in Edison International. Vanguard Group Inc. increased its stake by 1.0%, Invesco Ltd. by 19.8%, Northern Trust Corp by 53.9%, JPMorgan Chase & Co. by 111.6%, and UBS AM by 7.7% during the first and fourth quarters of 2025 [1].

Edison International's stock has seen mixed analyst ratings, with some upgrading their ratings while others have maintained or downgraded their positions. Barclays increased their price target to $65.00, while Wolfe Research lowered Edison International from an "outperform" to a "peer perform" rating [1].

The stock's recent performance has been volatile, with a 12-month low of $47.73 and a 12-month high of $88.77, and a current market cap of $21.06 billion [1]. Edison International's stock is currently trading at $54.72, down 1.2% from its midday trading value on July 26, 2025 [1].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-american-century-companies-inc-sells-3077586-shares-of-edison-international-eix-2025-08-26/

American Century Focused Dynamic Growth ETF: Nontransparent ETF with Quality Holdings and High Beta, Unconvincing Returns

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