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PNC Financial Services Group, Inc. (PNC) reported beneficial ownership of 20,468,320 shares of Avantis US Large Cap Value ETF, equal to 8.68% of the class, as of September 30, 2026.
PNC reported sole voting power over 12,918,469 shares and shared voting power over 7,483,320; sole dispositive power over 20,041,296 shares and shared dispositive power over 426,856. The report identifies shares held for clients in fiduciary capacity at four PNC affiliates. It was signed by Gregory H. Kozich, Senior Vice President & Controller.
Key Figures
Beneficially owned shares:20,468,320 sharesPercent of class:8.68%Sole voting power:12,918,469 shares+3 more
6 metrics
Beneficially owned shares20,468,320 sharesAs of September 30, 2026
Percent of class8.68%As of September 30, 2026
Sole voting power12,918,469 sharesAs of September 30, 2026
Shared voting power7,483,320 sharesAs of September 30, 2026
Sole dispositive power20,041,296 sharesAs of September 30, 2026
Shared dispositive power426,856 sharesAs of September 30, 2026
Key Terms
beneficially owned, Sole Voting Power, Shared Voting Power, Sole Dispositive Power, +1 more
5 terms
beneficially ownedfinancial
"Amount beneficially owned: 20,468,320"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Powerfinancial
"Sole Voting Power 12,918,469.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Shared Voting Powerfinancial
"Shared Voting Power 7,483,320.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Sole Dispositive Powerfinancial
"Sole Dispositive Power 20,041,296.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
fiduciary capacityfinancial
"held in accounts at PNC Bank, National Association in a fiduciary capacity for clients"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Avantis US Large Cap Value ETF shares did PNC report owning?
PNC reported beneficial ownership of 20,468,320 shares, equal to 8.68% of the class, as of September 30, 2026.
Which PNC affiliates held Avantis US Large Cap Value ETF shares for clients?
The report lists 12,878,082 shares in client fiduciary accounts at PNC Bank, National Association; 31,816 at PNC Delaware Trust Company; 42,927 at PNC Ohio Trust Company; and 7,515,495 at PNC Wealth Management LLC.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Avantis US Large Cap Value ETF
(Name of Issuer)
Exchange-Traded Fund
(Title of Class of Securities)
025072349
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
025072349
1
Names of Reporting Persons
The PNC Financial Services Group, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
PENNSYLVANIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
12,918,469.00
6
Shared Voting Power
7,483,320.00
7
Sole Dispositive Power
20,041,296.00
8
Shared Dispositive Power
426,856.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
20,468,320.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.68 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Avantis US Large Cap Value ETF
(b)
Address of issuer's principal executive offices:
c/o American Century ETF Trust, 4500 Main Street, Kansas City, MO 64111
Item 2.
(a)
Name of person filing:
The PNC Financial Services Group, Inc.
(b)
Address or principal business office or, if none, residence:
300 Fifth Avenue, Pittsburgh, PA 15222-2401
(c)
Citizenship:
Pennsylvania
(d)
Title of class of securities:
Exchange-Traded Fund
(e)
CUSIP No.:
025072349
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
20,468,320
(b)
Percent of class:
8.68 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
12,918,469
(ii) Shared power to vote or to direct the vote:
7,483,320
(iii) Sole power to dispose or to direct the disposition of:
20,041,296
(iv) Shared power to dispose or to direct the disposition of:
426,856
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
PNC Bank, National Association - BK
PNC Delaware Trust Company - BK
PNC Ohio Trust Company - BK
PNC Wealth Management LLC - BD
Of the total fund shares reported herein, 12,878,082 are held in accounts at PNC Bank, National Association in a fiduciary capacity for clients.
Of the total fund shares reported herein, 31,816 are held in accounts at PNC Delaware Trust Company in a fiduciary capacity for clients.
Of the total fund shares reported herein, 42,927 are held in accounts at PNC Ohio Trust Company in a fiduciary capacity for clients.
Of the total fund shares reported herein, 7,515,495 are held in accounts at PNC Wealth Management LLC in a fiduciary capacity for clients.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
