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American Century Focused Large Cap Value ETF
Active ETF
FLV
Payout Change
Pending
Price as of:
$71.9313
+0.07
+0.1%
primary theme
U.S. Large-Cap Value Equity
FLV (ETF)
American Century Focused Large Cap Value ETF
Payout Change
Pending
Price as of:
$71.9313
+0.07
+0.1%
primary theme
U.S. Large-Cap Value Equity
FLV (ETF)
American Century Focused Large Cap Value ETF
Payout Change
Pending
Price as of:
$71.9313
+0.07
+0.1%
primary theme
U.S. Large-Cap Value Equity
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
19.4%
1 yr return
22.4%
3 Yr Avg Return
11.3%
5 Yr Avg Return
N/A
Net Assets
$226 M
Holdings in Top 10
38.5%
52 WEEK LOW AND HIGH
$71.9
$59.37
$71.93
Expenses
OPERATING FEES
Expense Ratio 0.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FLV - Profile
Distributions
- YTD Total Return 19.4%
- 3 Yr Annualized Total Return 11.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.00%
- Dividend Yield 1.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAmerican Century Focused Large Cap Value ETF
-
Fund Family NameAmerican Century Investments
-
Inception DateMar 31, 2020
-
Shares Outstanding3725000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPhilip Sundell
Fund Description
Under normal market conditions, the portfolio managers will invest at least 80% of the fund’s assets in securities of large capitalization companies. For purposes of this 80% test, the fund defines large capitalization companies as those with capitalizations within the range of the Russell 1000® Index. Though market capitalization may change from time to time, as of September 30, 2023, the total market capitalization range of the Russell 1000® Index was approximately $1.1 billion to $2.68 trillion.
In selecting stocks for the fund, the portfolio managers look for companies whose stock price may not reflect the company’s value, by looking for companies that are temporarily out of favor in, or whose value is not yet recognized by, the market. To identify these companies, the portfolio managers consider earnings, cash flows and/or assets that may not be reflected accurately in the companies’ stock prices. The managers attempt to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. The portfolio managers use a variety of analytical research tools and techniques to help them buy or hold securities of companies that meet their investment criteria and sell the securities of companies that do not. In addition to fundamental financial metrics, the portfolio managers may also consider environmental, social, and/or governance (ESG) data. However, the portfolio managers may not consider ESG data with respect to every investment decision and, even when such data is considered, they may conclude that other attributes of an investment outweigh ESG considerations when making decisions for the fund. The fund normally invests in a relatively limited number of companies, generally 30-50.
The fund will invest principally in U.S. exchange-listed common stocks and American Depositary Receipts (ADRs). The fund uses ADRs to obtain exposure to foreign securities. ADRs are issued by a U.S. financial institution (depositary) and evidence ownership in a security or pool of securities issued by a foreign issuer that have been deposited with the depositary. The fund may only invest in exchange-traded ADRs that are registered with the Securities and Exchange Commission and trade on a U.S. exchange contemporaneously with the fund’s shares.
The fund is an actively managed, nontransparent exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. In lieu of publishing its portfolio contents (Actual Portfolio) daily, the fund publishes a proxy portfolio (Proxy Portfolio) each day and on its website. There is no minimum overlap required between the Actual Portfolio and the Proxy Portfolio.
FLV - Performance
Return Ranking - Trailing
| Period | FLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.4% | -8.4% | 44.5% | 67.32% |
| 1 Yr | 22.4% | -0.1% | 60.1% | 78.93% |
| 3 Yr | 11.3%* | -1.6% | 34.2% | 42.92% |
| 5 Yr | N/A* | 0.3% | 46.3% | 60.31% |
| 10 Yr | N/A* | 1.8% | 25.4% | 70.65% |
* Annualized
Return Ranking - Calendar
| Period | FLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -16.9% | 46.1% | 65.12% |
| 2022 | -3.9% | -64.7% | 4.6% | 6.97% |
| 2021 | 12.6% | -44.2% | 57.5% | 66.41% |
| 2020 | N/A | -23.2% | 285.0% | N/A |
| 2019 | N/A | -21.4% | 48.5% | N/A |
Total Return Ranking - Trailing
| Period | FLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.4% | -8.4% | 44.5% | 67.32% |
| 1 Yr | 22.4% | -0.1% | 60.1% | 78.93% |
| 3 Yr | 11.3%* | -1.6% | 34.2% | 42.92% |
| 5 Yr | N/A* | 0.3% | 46.3% | N/A |
| 10 Yr | N/A* | 1.8% | 25.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.2% | -15.9% | 46.7% | 82.98% |
| 2022 | 1.0% | -42.0% | 8.5% | 5.84% |
| 2021 | 17.3% | 3.6% | 129.7% | 96.50% |
| 2020 | N/A | -22.6% | 304.8% | N/A |
| 2019 | N/A | -12.7% | 52.1% | N/A |
FLV - Holdings
Concentration Analysis
| FLV | Category Low | Category High | FLV % Rank | |
|---|---|---|---|---|
| Net Assets | 226 M | 126 K | 163 B | 76.07% |
| Number of Holdings | 43 | 2 | 1727 | 84.79% |
| Net Assets in Top 10 | 94.3 M | 433 K | 39.5 B | 69.67% |
| Weighting of Top 10 | 38.51% | 4.4% | 99.1% | 16.08% |
Top 10 Holdings
- Johnson Johnson 7.15%
- Duke Energy Corp 4.47%
- Medtronic PLC 4.02%
- Zimmer Biomet Holdings Inc 3.80%
- Norfolk Southern Corp 3.57%
- United Parcel Service Inc 3.26%
- JPMorgan Chase Co 3.25%
- Unilever PLC 3.22%
- Truist Financial Corp 2.94%
- Exxon Mobil Corp 2.84%
Asset Allocation
| Weighting | Return Low | Return High | FLV % Rank | |
|---|---|---|---|---|
| Stocks | 98.18% | 4.16% | 102.49% | 52.50% |
| Cash | 2.84% | 0.00% | 17.28% | 23.56% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 82.00% |
| Other | 0.00% | -2.59% | 39.89% | 81.54% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 81.55% |
| Bonds | 0.00% | 0.00% | 97.99% | 82.56% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FLV % Rank | |
|---|---|---|---|---|
| Financial Services | 25.27% | 0.00% | 58.05% | 11.05% |
| Healthcare | 24.46% | 0.00% | 30.08% | 5.71% |
| Consumer Defense | 13.09% | 0.00% | 34.10% | 13.48% |
| Industrials | 10.16% | 0.00% | 42.76% | 64.04% |
| Technology | 8.09% | 0.00% | 54.02% | 79.87% |
| Energy | 6.91% | 0.00% | 54.00% | 68.16% |
| Utilities | 6.45% | 0.00% | 27.04% | 26.22% |
| Communication Services | 3.27% | 0.00% | 26.58% | 78.28% |
| Consumer Cyclical | 1.17% | 0.00% | 22.74% | 97.57% |
| Real Estate | 1.12% | 0.00% | 90.54% | 72.19% |
| Basic Materials | 0.00% | 0.00% | 21.69% | 96.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FLV % Rank | |
|---|---|---|---|---|
| US | 98.18% | 4.16% | 102.49% | 40.72% |
| Non US | 0.00% | 0.00% | 24.08% | 85.16% |
FLV - Expenses
Operational Fees
| FLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.42% | 0.03% | 14.82% | 90.60% |
| Management Fee | 0.42% | 0.00% | 1.50% | 21.49% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| FLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| FLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.00% | 0.00% | 488.00% | 48.54% |
FLV - Distributions
Dividend Yield Analysis
| FLV | Category Low | Category High | FLV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.19% | 0.00% | 16.67% | 0.09% |
Dividend Distribution Analysis
| FLV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| FLV | Category Low | Category High | FLV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.00% | -1.51% | 4.28% | 16.24% |
Capital Gain Distribution Analysis
| FLV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.213 | OrdinaryDividend |
| Jun 24, 2024 | $0.356 | OrdinaryDividend |
| Mar 21, 2024 | $0.386 | OrdinaryDividend |
| Dec 18, 2023 | $0.298 | OrdinaryDividend |
| Sep 21, 2023 | $0.340 | OrdinaryDividend |
| Jun 20, 2023 | $0.303 | OrdinaryDividend |
| Mar 23, 2023 | $0.323 | OrdinaryDividend |
| Dec 15, 2022 | $1.973 | OrdinaryDividend |
| Sep 20, 2022 | $0.338 | OrdinaryDividend |
| Jun 21, 2022 | $0.290 | OrdinaryDividend |
| Mar 22, 2022 | $0.330 | OrdinaryDividend |
| Dec 16, 2021 | $1.645 | OrdinaryDividend |
| Sep 21, 2021 | $0.304 | OrdinaryDividend |
| Jun 22, 2021 | $0.274 | OrdinaryDividend |
| Mar 23, 2021 | $0.258 | OrdinaryDividend |
| Dec 17, 2020 | $0.191 | OrdinaryDividend |
| Sep 22, 2020 | $0.226 | OrdinaryDividend |
| Jun 23, 2020 | $0.055 | OrdinaryDividend |
FLV - Fund Manager Analysis
Managers
Philip Sundell
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Mr. Sundell, CFA, is a portfolio manager for American Century Investments, a premier investment manager headquartered in Kansas City, Missouri. He is based in the company’s Kansas City, Missouri office. He joined American Century Investments in 1997 as a financial analyst and became a research analyst for the Global Value Equity discipline in 2001. Phil holds a bachelor’s degree from Missouri State University and a master’s degree in business administration from Texas Christian University. He is a CFA® charterholder and a member of the CFA Institute.
Phillip Davidson
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Mr. Davidson, CFA, is a senior vice president and executive portfolio manager for American Century Investments. Prior to joining American Century in 1993, Phil was vice president and equity portfolio manager for Boatmen’s Trust Company in St. Louis. During his 11 years at Boatmen’s, he specialized in the management of institutional equity accounts using a value-oriented investment style. He has worked in the financial industry since 1980. Phil holds a bachelor’s degree in business administration and a master’s degree in finance from Illinois State University.
Kevin Toney
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Kevin Toney, CFA, CIO, senior vice president and senior portfolio manager for American Century Investments, joined the company in 1999 as an investment analyst and became a portfolio manager in 2006. Kevin is responsible for the teams that manage the company’s value and real estate equity strategies that comprise the firm’s Global Value Equity discipline. Before joining American Century Investments, Kevin was an associate in the M&A group of Toronto Dominion Securities. He has worked in the investment industry since 1993.
Brian Woglom
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Brian is a member of the team of investment professionals managing the U.S. Value Yield, U.S. Value, U.S. Large Cap Value, U.S. Mid Cap Value and U.S. Equity Market Neutral Value strategies and related accounts, and he co-manages U.S. Large Cap Value, U.S. Value, U.S. Mid Cap Value and U.S. Equity Market Neutral Value. He joined American Century Investments in 2005. Previously, Brian was an investment analyst for Argo Partners and an analyst for the portfolio management unit of Metropolitan Life Insurance Co. He has worked in the investment industry since 1998. Brian earned a bachelor's degree in economics from Amherst College and a master’s degree in business administration from the University of Michigan. He is a CFA® charterholder and a member of the CFA Institute.
Rene Casis
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Executive Chairman (since July 2016), Co-Chief Investment Officer (since June 2012),Mr. Casis, Portfolio Manager, has been a member of the team that manages the fund since joining American Century in 2018. Prior to joining American Century, he was a Partner at 55 Institutional, LLC from 2016 to 2017. From 2009 to 2016, he served in roles as US iShares Smart Beta Investment Strategist, US iShares Product Strategist and Senior Portfolio Manager in Beta Strategies for BlackRock Inc. He has a bachelor’s degree in economics from the University of California, Santa Barbara.
Michael Liss
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Michael Liss, CFA, is Vice President and Senior Portfolio Manager of American Century. Mr. Liss has been with American Century since 1998. He holds a bachelor’s degree in accounting and finance from Albright College and an MBA in finance from Indiana University.
Adam Krenn
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Krenn, Portfolio Manager, has been a member of the team that manages the fund since 2011. He joined American Century Investments in 2011 as an investment analyst. He became a senior analyst in 2012 and a portfolio manager in 2020. He has a bachelor’s degree from the University of Notre Dame. He is a CFA charterholder
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.09 | 6.71 |
