VALQ
American Century STOXX U.S. Quality Value ETF
VALQ tracks an index of US large-cap companies with value and income characteristics.
Fund Basics
| Fund sponsor | American Century |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 11, 2018 |
| Assets (mns) | $209 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 2.7 % |
| JOHNSON & JOHNSON | 2.5 % |
| GILEAD SCIENCES INC | 2.4 % |
| CARDINAL HEALTH INC | 2.2 % |
| KIMBERLY-CLARK CORP | 2.1 % |
| CISCO SYSTEMS INC | 2.0 % |
| MCKESSON CORP | 2.0 % |
| O'REILLY AUTOMOTIVE INC | 2.0 % |
| ACCENTURE PLC-CL A | 1.9 % |
| SYNOPSYS INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 225 |
| Herfindahl-Hirschman Index | 82 |
| Wgt avg mkt cap (mns) | $203,928 |
| Large cap (>$10bn) | 79.3% |
| Mid cap ($2-10bn) | 19.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.2 % |
 |
IRELAND | 2.5 % |
 |
BRITAIN | 0.9 % |
 |
BERMUDA | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -1.7% | -7.2% | -1.5% | 11.0% | 6.0% | -- | 4.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 83% |
| MSCI EAFE | 0.83 | 78% |
| MSCI Emg Mkts | 0.53 | 32% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $72,252 |
Technical Indicators
| Recent close | $48.13 |
| 30d moving avg. | $47.27 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VALQ |
Expenses vs. VALQ |
ALTAR Score™ vs. VALQ |
|---|---|---|---|---|
| ROUS | Hartford Multifactor US Equity ETF | 34.0% | -10 bp | -1.3% |
| AFLG | First Trust Active Factor Large Cap ETF | 32.6% | +26 bp | -2.3% |
| DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 32.2% | -12 bp | -1.5% |
| QGRO | American Century STOXX U.S. Quality Growth ETF | 32.1% | 0 bp | -4.2% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 31.7% | -9 bp | -1.2% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 31.6% | -17 bp | -3.2% |
| TTAC | TrimTabs US Free Cash Flow Quality ETF | 30.5% | +30 bp | -3.2% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 30.3% | -20 bp | -3.1% |
| QLC | FlexShares US Quality Large Cap Index Fund | 30.2% | -4 bp | -2.9% |
| JVAL | JPMorgan U.S. Value Factor ETF | 30.0% | -17 bp | -0.2% |
Risk and Returns: VALQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/8/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VALQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
VALQ
9.3%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.3% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. VALQ's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places VALQ in the 85th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VALQ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VALQ | 29.0 | 11.8 | 40.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .