YTD TOTAL RETURN
4.58%
NAV
As of 04/15/2024
4.56%
MARKET PRICE
EXPENSE RATIO
--
NET
As of 1/1/2024
0.29%
GROSS
NAV
$55.36
Prices as of 04/15/2024
MARKET PRICE
$55.35
YTD TOTAL RETURN As of 04/15/2024 NAV Market Price | 4.58% 4.56% |
EXPENSE RATIO As of 1/1/2024 Net Gross | -- 0.29% |
NAV Prices as of 04/15/2024 | $55.36 -0.77% (-$0.43) |
Market Price | $55.35 -0.78% (-$0.44) |
Seeks to capture the performance of large- and mid-capitalization companies in the U.S. that possess attractive quality, valuation, and income fundamentals. Pursues enhanced risk-adjusted returns versus market-cap-weighted indexes and is designed to identify quality companies with sound fundamentals that are selling at attractive valuations and offer the potential for sustainable income.
Key Facts
Investment Objective | Seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Index. |
Inception Date | 01/11/2018 |
Morningstar Category | Large Value |
Benchmark | American Century U.S. Quality Value IndexA |
Total Assets | $207,590,464.29 As of 04/15/2024 |
Shares Outstanding | 3,750,000.00 As of 04/15/2024 |
Total Holdings | 226 As of 02/29/2024 |
Distribution Frequency | Quarterly |
Morningstar Overall Rating Based on risk-adjusted return | Out of 1,118 funds. Large Value category As of 03/31/2024 |
Fees
| Gross Expense Ratio | 0.29% |
Trading Information
| Ticker | VALQ |
| CUSIP | 025072208 |
| ISIN | US0250722081 |
| SEDOL | BF2XM16 |
| Exchange | NYSE Arca |
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.
STOXX® is a registered trademark of STOXX Ltd.
Fees
| Gross Expense Ratio | 0.29% |
Trading Information
| Ticker | VALQ |
| CUSIP | 025072208 |
| ISIN | US0250722081 |
| SEDOL | BF2XM16 |
| Exchange | NYSE Arca |
As of 04/15/2024
Daily Market Prices
| Closing Price | $55.39 |
| Bid Ask Midpoint | $55.35 |
| Day High Price | $56.28 |
| Day Low Price | $55.38 |
| Bid Ask Spread | 0.11% |
| 30-Day Median Bid Ask Spread | 0.11% |
52-Week Range
| 52-Week High | $58.52 |
| 52-Week Low | $46.35 |
| Days > +/- 0.5% of NAV | 0 |
| Percent > +/- 0.5% of NAV | 0% |
| Days at Premium | 24 |
| Days at NAV | 28 |
| Days at Discount | 9 |
| Greatest Premium | 0.04% |
| Greatest Discount | -0.09% |
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 the investor's shares, when redeemed, may be worth more or less than the 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 an 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. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
On May 31, 2023, VALQ began to track the American Century® U.S. Quality Value IndexA. Historical index data prior to May 31, 2023, is for the iSTOXX® American Century® USA Quality Value IndexC. Spliced index data on and after May 31, 2023, is for the Spliced U.S. Quality Value Index.
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.
30-Day SEC Unsubsidized Yield
1.66%
As of 03/28/2024
12 Month Distribution Rate
1.52%
As of 03/28/2024
30-Day SEC Unsubsidized Yield: Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.
12 Month Distribution Rate: The sum of a fund's total trailing 12-month interest and dividend payments divided by the most recent day's ending share price (NAV).
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
FREQUENCY
Quarterly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 03/21/2024 | $0.214 | $0.214 | $57.98 |
| 12/18/2023 | $0.2321 | $0.2321 | $52.71 |
| 09/21/2023 | $0.1879 | $0.1879 | $48.62 |
| 06/20/2023 | $0.2537 | $0.2537 | $48.71 |
| Overall | Out of 1,118 funds. Large Value category |
| 3 Year | Out of 1,118 funds |
| 5 Year | Out of 1,058 funds |
Investment Style
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar Investment Style Box™: The Morningstar Investment Style Box™ reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
As of 03/31/2024
| Weighted Average Market Cap | 172.54 B |
| Price/Earnings Ratio | 19.77 |
| Price/Book Ratio | 4.61 |
| Holdings | 226 |
As of 03/31/2024
| Domestic Stock | 99% |
| Cash and Cash Equivalents | 1% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 02/29/2024
226 Equity Issues
As of 03/31/2024
| Industrials | 21% |
| Information Technology | 21% |
| Consumer Staples | 16% |
| Consumer Discretionary | 12% |
| Health Care | 11% |
| Financials | 5% |
| Communication Services | 4% |
| Energy | 3% |
| Materials | 3% |
| Real Estate | 2% |
Due to rounding, these values may exceed 100%
As of 04/15/2024
| TE CONNECTIVITY LTD COMMON STOCK CHF.57 | 2.70% |
| WALMART INC COMMON STOCK USD.1 | 2.64% |
| QUALCOMM INC COMMON STOCK USD.0001 | 2.60% |
| COMCAST CORP CLASS A COMMON STOCK USD.01 | 2.38% |
| CARDINAL HEALTH INC COMMON STOCK | 2.34% |
| GILEAD SCIENCES INC COMMON STOCK USD.001 | 2.29% |
| DONALDSON CO INC COMMON STOCK USD5.0 | 2.25% |
| INTL BUSINESS MACHINES CORP COMMON STOCK USD.2 | 2.11% |
| CINTAS CORP COMMON STOCK | 2.07% |
| COLGATE PALMOLIVE CO COMMON STOCK USD1.0 | 2.05% |
| % of Top Portfolio Holdings | 23.43% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 03/31/2024
-
Countries % Portfolio United States 100%
Due to rounding, these values may exceed 100%
Additional Resources
How To Buy
Individual Investors: Open a new brokerage account or use an existing brokerage account.
Open New Brokerage Account Log In NowFinancial Advisors: Contact your wholesaler at 1-800-345-6488 for more information.
Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
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.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Brokerage Services are provided by American Century Brokerage, a division of American Century Investment Services, Inc., registered broker/dealer, member FINRA, SIPC.
Seeks to capture the performance of large- and mid-capitalization companies in the U.S. that possess attractive quality, valuation, and income fundamentals. Learn more: ACVALQ Index Methodology Book
Measures the performance of those Russell 1000 Index companies (the 1,000 largest publicly traded U.S. companies, based on total market capitalization) with lower price-to-book ratios and lower forecasted growth values.
iSTOXX® American Century® USA Quality Value Index is a systematic, rules-based proprietary index that is owned and calculated by STOXX® based on the STOXX® 900 Index. The underlying index aims to dynamically allocate to both quality companies with sound fundamentals and attractive valuations and companies with sustainable income. It is not possible to invest directly in an index. STOXX® and iSTOXX® are registered trademarks of STOXX Ltd.
Closing Price: The price of the last reported trade on the fund's primary exchange.
Bid Ask Midpoint: The midpoint between the highest bid and the lowest offer on the primary listing exchange, as of the time that the Fund's NAV is calculated, generally around 4 p.m. (Eastern time).
Premium Discount: A premium is the amount that the fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the fund is trading below the reported NAV, expressed as a percentage of the NAV.
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.
Weighted Average Market Cap: The weighted average market value of a company's outstanding shares.
Price/Earnings Ratio: The price per share divided by earnings per share.
Price/Book Ratio: The price per share divided by book value per share.
Holdings: The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards.
Investment Blend: Reflects the blend of securities owned by a fund. For example, the percentage of foreign or domestic stocks held by an equity fund or the percentage of corporate and government securities owned by a bond fund. The U.S./Foreign Convertibles grouping includes Convertible Bonds, Equity Linked Securities and Convertible Preferred securities.
Sector Weights: This value represents the sectors included in the portfolio on a percent of assets basis.
Top Holdings: This value represents the top holdings included in the portfolio on a percent of assets basis. Holdings are subject to change without notice. Shares are units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends. In the context of debt instruments, principal can refer to the face value, or par value, of a bond—that is, the actual amount listed on the bond itself. American Century Investments publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value. The portfolio data and its presentation here may differ from the complete schedules of investments in regulatory filings due to differing accounting and reporting requirements.
Countries: This value represents the countries included in the portfolio on a percent of assets basis.
Regions: This value represents the regions of the country represented by the securities included in the portfolio on a percent of assets basis.
For detailed descriptions of indices or investing terms referenced above, refer to our glossary.
©2024 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.
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.
The Russell 1000® Index is a trademark/service mark of the Frank Russell Company. Russell® is trademark of the Frank Russell Company.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.