FLV
American Century Focused Large Cap Value ETF

Price: $62.68
Change: $0.01 (0.0%)
Last Updated:

Vitals

Structure ETF
Expense Ratio 0.42%
ETF Home Page Home page
Inception Mar 31, 2020
Index Tracked Russell 1000 Value

Analyst Report

The American Century Focused Large Cap Value ETF, which debuted in March 2020, is part of the first wave of active, non-transparent ETFs to reach the market. This means the fund’s stock pickers don’t have to disclose their holdings every day, unlike most ETFs. The fund’s objective is to invest in large cap companies that are selling at a discount to their fair value. For years, many active managers resisted launching ETFs because of fears that the daily portfolio transparency would give away their trade secrets. The Securities and Exchange Commission finally approved non-transparent funds in 2019. Whether active non-transparent will pay off remains to be seen. While other active money managers can close their funds to new investors if they believe their trade is getting too crowded, ETF managers can’t. An active ETF must continue to accept new money, and therefore must be mindful of the capacity constraints of the underlying market. In practice, this means many active equity ETFs, transparent or not, may lean heavily on large cap U.S. equities. The biggest U.S. stocks are highly liquid, but they’ve also proven a challenging market for active managers and very few consistently beat their benchmarks. Moreover, some active non-transparent ETFs target the same investment strategies pursued by factor funds. Money managers have long recognized that certain factors, when deployed during certain market conditions, have consistently rewarded investors. So-called value stocks — defined as companies with low share prices relative to their fundamentals — have historically outperformed the market over the long-term. There are plenty of value funds on the market, including index-tracking funds, factor ETFs, and active funds like FLV. FLV’s fees are competitive for active management, though significantly higher than low-cost value index funds. With a limited real-world performance history, it remains to be seen whether FLV will beat its indexed rivals over the long haul. Investors should compare price, liquidity, and performance to other active and passive value ETFs.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Value
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Large Cap Value
Category Size and Style
Focus Large Cap
Niche Value
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $53.97
  • 52 Week Hi $65.62
  • AUM $211.5 M
  • Shares 3.4 M

Historical Trading Data

  • 1 Month Avg. Volume 9,100
  • 3 Month Avg. Volume 9,438

Alternative ETFs in the ETF Database Large Cap Value Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTV 0.04% $115.4 B 2 M 8.70%
Largest (AUM) VTV 0.04% $115.4 B 2 M 8.70%
Most Liquid (Volume) VTV 0.04% $115.4 B 2 M 8.70%
Top YTD Performer OALC 0.49% $111.8 M 18,698 13.26%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Value Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTV 0.04% $115.4 B 2 M 8.70%
Largest (AUM) VTV 0.04% $115.4 B 2 M 8.70%
Most Liquid (Volume) SPYV 0.04% $21.4 B 2 M 5.47%
Top YTD Performer PVAL 0.56% $669.7 M 197,352 16.01%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FLV ETF Database Category Average FactSet Segment Average
Number of Holdings 40 202 254
% of Assets in Top 10 41.92% 27.43% 25.37%
% of Assets in Top 15 55.94% 35.73% 33.72%
% of Assets in Top 50 99.99% 70.23% 68.05%

Size Comparison

FLV ETF Database Category Average FactSet Segment Average
Large (>12.9B) 89.52% 87.87% 89.14%
Mid (>2.7B) 9.36% 11.02% 9.77%
Small (>600M) 0.00% 0.47% 0.38%
Micro (<600M) 0.00% 0.05% 0.00%

FLV Valuation

This section compares the P/E ratio of this ETF to its peers.

FLV
P/E Ratio
16.58
ETF Database Category Average
P/E Ratio
7.79
FactSet Segment Average
P/E Ratio
8.30

FLV Dividend

This section compares the dividend yield of this ETF to its peers.

FLV ETF Database Category Average FactSet Segment Average
Dividend $ 0.36 $ 0.42 $ 0.35
Dividend Date 2024-06-24 N/A N/A
Annual Dividend Rate $ 1.38 $ 1.52 $ 1.18
Annual Dividend Yield 2.20% 2.73% 1.91%

FLV Price and Volume Charts

View charts featuring FLV price and volume data.

FLV Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -625.78 K 1 Month Net Flows: 9.75 M 3 Month Net Flows: -6.57 M 6 Month Net Flows: -4.76 M 1 Year Net Flows: -34.25 M 3 Year Net Flows: -49.79 M 5 Year Net Flows: 158.68 M 10 Year Net Flows: 158.68 M

FLV Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -4.06 M
1 Month Net AUM Change: 7.85 M
3 Month Net AUM Change: -13.52 M
6 Month Net AUM Change: 270.05 K
1 Year Net AUM Change: -20.57 M
3 Year Net AUM Change: -36.78 M
5 Year Net AUM Change: 207.71 M
10 Year Net AUM Change: 207.71 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FLV on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Large Cap Value Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- VTV
Expenses B- ILCV
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

FLV Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

FLV
Expense Ratio
0.42%
ETF Database Category Average
Expense Ratio
0.34%
FactSet Segment Average
Expense Ratio
0.29%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
6.55/10
ESG Score
51.35%
Global Percentile
28.7%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      2.31%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      189.51
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      2.31%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      10.12%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

FLV Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

FLV ETF Database
Category Average
Factset Segment
Average
1 Month Return -2.15% -0.53% -0.63%
3 Month Return -2.04% -0.25% -0.87%
YTD Return 3.74% 7.12% 6.27%
1 Year Return 7.38% 14.38% 11.76%
3 Year Return 5.00% 4.71% 3.90%
5 Year Return N/A 5.26% 4.34%

Geographic Exposure

The following charts reflect the geographic spread of FLV's underlying holdings.

Region Percentage
North, Central and South America 99.99%
Country Percentage
United States 81.82%
Ireland 5.45%
United Kingdom 3.54%
Switzerland 3.51%
France 3.01%
Belgium 1.54%
Other 1.12%

Holdings Analysis

The following charts reflect the allocation of FLV's underlying holdings.

Sector Percentage
Health Technology 20.46%
Finance 20.22%
Consumer Non-Durables 17.07%
Utilities 7.95%
Transportation 6.83%
Energy Minerals 6.65%
Electronic Technology 6.45%
Process Industries 3.33%
Health Services 2.62%
Distribution Services 2.5%
Technology Services 1.97%
Communications 1.78%
Miscellaneous 1.12%
Consumer Services 1.04%
Market Cap Percentage
Large 89.52%
Mid 9.36%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 88.81%
American Depositary Receipt 10.06%
Open-ended Fund 1.12%
Sector Percentage
Health Technology 20.46%
Finance 20.22%
Consumer Non-Durables 17.07%
Utilities 7.95%
Transportation 6.83%
Energy Minerals 6.65%
Electronic Technology 6.45%
Process Industries 3.33%
Health Services 2.62%
Distribution Services 2.5%
Technology Services 1.97%
Communications 1.78%
Miscellaneous 1.12%
Consumer Services 1.04%

FLV Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 14.16%
20 Day Volatility 6.03%
50 Day Volatility 8.46%
200 Day Volatility 8.89%
Beta 0.72
Standard Deviation 2.90%
5 Day Volatility
14.16%
Rank
27 of 34

20 Day Volatility
6.03%
Rank
32 of 34

50 Day Volatility
8.46%
Rank
31 of 34

200 Day Volatility
8.89%
Rank
34 of 34

Beta
0.72
Rank
33 of 33

Standard Deviation
2.90%
Rank
16 of 34

Technicals

  • 20 Day MA $63.01
  • 60 Day MA $63.36
  • MACD 15 Period -0.15
  • MACD 100 Period -0.41
  • Williams % Range 10 Day 83.05
  • Williams % Range 20 Day 78.19
  • RSI 10 Day 41
  • RSI 20 Day 44
  • RSI 30 Day 47
  • Ultimate Oscillator 38

Bollinger Bands

  • Lower Bollinger (10 Day) $62.23
  • Upper Bollinger (10 Day) $63.56
  • Lower Bollinger (20 Day) $62.18
  • Upper Bollinger (20 Day) $63.87
  • Lower Bollinger (30 Day) $62.00
  • Upper Bollinger (30 Day) $64.61

Support & Resistance

  • Support Level 1 $62.61
  • Support Level 2 $62.54
  • Resistance Level 1 $62.74
  • Resistance Level 2 $62.80

Stochastic

  • Stochastic Oscillator %D (1 Day) 58.66
  • Stochastic Oscillator %D (5 Day) 24.65
  • Stochastic Oscillator %K (1 Day) 55.13
  • Stochastic Oscillator %K (5 Day) 27.44

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.00
  • Maximum Premium Discount (%) 0.30
  • Average Spread (%) 6.63
  • Average Spread ($) 6.63

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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