American Century® STOXX® U.S. Quality Value ETF - VALQ

Summary

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FUND FACTS

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Expenses and Distributions

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FUND DOCUMENTS & RESOURCES

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Related Links


      2018 Distribution Calendar 
 

Seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century® USA Quality Value Index (the underlying index). The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

STOXX® and iSTOXX® are registered trademarks of STOXX Ltd.

Risk & Additional Details

Goal & Strategy

Pursues enhanced risk-adjusted returns versus cap-weighted indexing.
 

Characteristics

Applies an index-based methodology that is designed to identify stocks with key characteristics:

  • Quality companies with sound fundamentals, selling at attractive valuations
  • Sustainable income-payers to help mitigate risk when value investing falls out of favor

Attributes

  • STATISTICS
  • Price to Book Ratio: The price per share divided by book value per share.

    Price/Earnings Ratio: The price per share divided by earnings per share.

    Weighted Average Market Cap: The weighted average market value of a company's outstanding shares.

    Equity Beta: Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security's price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicated the security is more volatile than the market. Calculated vs. STOXX®.

    Number of Holdings: The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards.

    Weighted Average Coupon: The weighted average interest rate paid by the mortgages in the pool.

    Number of Holdings: The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards.

    Statistics

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  • PRICING
  • Pricing

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  • PREMIUM/DISCOUNT
  • Premium/Discount

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    Performance

    • CUMULATIVE
    • Average annual returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.

      ETF Market Performance (Inception to Date):
      The fund's per share Net Asset Value (NAV) is the value of one share of the fund. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively.

      Cumulative

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    • YIELDS
    • Yields

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      Composition

      • TOP TEN HOLDINGS
      • Top Ten Holdings

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      • SECTOR WEIGHTINGS
      • Sector Weightings

        Management

        Peruvemba Satish, CFA

        Peruvemba Satish

        Senior Vice President, Portfolio Manager, Director of Global Analytics

        Rene Casis

        Rene Casis

        Portfolio Manager

        Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Net Asset Value (NAV) prices are used to calculate market price performance prior to the date when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund's most recent month end performance, please call 1-800-345-6488.

        Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

        This fund is not actively managed and the portfolio managers do not attempt to take defensive positions under any market conditions, including declining markets. The portfolio managers also do not generally add or remove a security from the fund until such security is similarly added or removed from the underlying index. Therefore, the fund may hold an underperforming security or not hold an outperforming security until the underlying index reacts. This may result in underperformance compared to the market generally. In addition, there is no assurance that the underlying index will be determined, composed or calculated accurately. While the index provider provides descriptions of what the underlying index is designed to achieve, the index provider does not guarantee the quality, accuracy or completeness of data in respect of its indices, and does not guarantee that the underlying index will be in line with the described index methodology. Gains, losses or costs to the fund caused by errors in the underlying index may therefore be borne by the fund and its shareholders.

        ETF shares may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.

        ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.

        C

        Net expense ratio is the total annual operating expense ratio for the fund, net of any fee waivers or expense reimbursements. Gross expense ratio is the total annual operating expense ratio for the fund, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus. This is the actual ratio that investors paid during the fund's most recent fiscal year.

        For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

        The STOXX® Index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland ("STOXX"), Deutsche Börse Group or their licensors, which is used under license. The fund is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the STOXX® Index or its data.

        ©2018 Morningstar, Inc. All Rights Reserved. Certain information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

        Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investments Services, Inc.