American Century Focused Large Cap Value ETF
FLV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Apr 2, 2020
- CIK
- 0001710607
- Website
- americancentury.com
- Similar Companies
- Business
- American Century Focused Large Cap Value ETF (FLV) is an actively managed exchange-traded fund that seeks long-term capital growth and current income through a high-conviction portfolio of undervalued, high-quality large-cap value stocks, primarily within the market capitalization range of the Russell 1000 Value Index; it employs a non-transparent structure, disclosing holdings quarterly rather than daily and utilizing a daily Proxy Portfolio to facilitate arbitrage while protecting its investment strategy from front-running. The fund invests principally in U.S. exchange-listed common stocks of large-cap companies across diversified sectors deemed temporarily undervalued based on fundamental analysis by portfolio managers including Michael Liss, Kevin Toney, Brian Woglom, Philip Sundell, and Adam Krenn; as of late 2025, it holds approximately 48 securities with assets under management exceeding $270 million, a net expense ratio of 0.42%, and a dividend yield around 1.9%; top holdings represent about 29% of the portfolio, with sector allocations emphasizing value-oriented exposures. FLV targets sophisticated investors seeking active value strategies in a tax-efficient ETF wrapper and trades on NYSE Arca. Launched on March 31, 2020, by American Century ETF Trust and managed by American Century Investment Management, Inc., a subsidiary of American Century Investments headquartered in Kansas City, Missouri, FLV was one of the first semi-transparent active ETFs utilizing the ActiveShares model to balance secrecy and liquidity. The fund operates primarily in U.S. equity markets, with approximately 90% allocation to domestic large-cap stocks and minor exposure to non-U.S. equities via American Depositary Receipts. In recent developments, FLV marked its five-year trading anniversary in March 2025, achieving total returns of approximately 93% since inception through April 2025, underscoring the durability of its high-conviction approach amid market volatility. American Century Investments expanded its active semi-transparent ETF lineup, including FLV alongside siblings like FDG, with over $90 billion in total ETF AUM as of October 2025, reflecting strong organic growth and positioning as a top-4 active ETF issuer; the firm also integrated systematic strategies via its Avantis Investors affiliate. No major acquisitions, funding rounds, or structural reorganizations have been reported for FLV in the last 1-2 years, though ongoing proxy overlap and tracking error monitoring supports its unique non-transparent operations.