Sep. 10, 2020

American Century ETF Trust | Avantis Core Municipal Fixed Income ETF

American Century ETF Trust Summary Prospectus and Prospectus Supplement Avantis® Core Municipal Fixed Income ETF
Supplement dated December 4, 2020 n Summary Prospectus and Prospectus dated September 10, 2020

The following replaces the third paragraph under Principal Investment Strategies.

The fund will invest primarily in investment grade securities as rated by an independent rating agency or determined by the advisor to be of comparable credit quality if a rating is unavailable.