American Century STOXX U.S. Quality Growth
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
24.2x P/Sales
ratio
3.2x
P/BV
ratio
6.2x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
QGRO tracks an index of large- and midcap US stocks. Holdings are selected and weighted by growth and quality factors.

FUND BASICS
Category US Equities
Fund Sponsor American Century
Website ipro.americancentury.com
Inception date Sep 10, 2018
Assets (mns) $148
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 203
Wgt avg mkt cap (mns) $82,540
Large cap (>$10bn) 80.3%
Mid cap ($2-10bn) 19.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VERTEX PHARMACEUTICALS INC 3.5 %
INTUIT INC 3.0 %
ALIGN TECHNOLOGY INC 2.8 %
BIOGEN IDEC INC 2.7 %
LAM RESEARCH CORP 2.4 %
FACEBOOK 2.3 %
FORTINET INC 2.3 %
APPLIED MATERIALS INC 2.2 %
REGENERON PHARMACEUTICALS 2.1 %
SOUTHWEST AIRLINES CO 2.0 %
Total 25.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
ISRAEL 1.6 %
BRITAIN 0.8 %
IRELAND 0.3 %
SWITZERLAND 0.2 %
BRAZIL 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.9% -- -- -- 1.9%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $42.80
30d moving avg. $41.64
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 127
Turnover 3.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $61,766

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the American Century STOXX U.S. Quality Growth ETF based on the alternatives' overlap in portfolio holdings with QGRO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QGRO Expense: 29 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QGRO
Ticker Fund
Name
Overlap1
vs QGRO
(%)
Expense
ratio
(bp)
Savings
vs QGRO
(bp)
ALTAR
Score™
(%)
ALTAR
vs QGRO
(%)
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.8 75 -46 4.7 -0.1
IWF iShares Russell 1000 Growth 26.7 19 10 5.0 +0.2
VONG Vanguard Russell 1000 Growth 26.6 12 17 5.1 +0.2
PXLG Invesco Fundamental Pure Large Growth 25.9 35 -6 8.2 +3.3
OQAL Invesco Russell 1000 Quality Factor ETF 25.7 19 10 5.3 +0.5
JQUA JPMorgan U.S. Quality Factor 24.5 12 17 5.9 +1.0
JMOM JPMorgan U.S. Momentum Factor 24.3 12 17 4.4 -0.5
ONEO SPDR Russell 1000 Momentum Focus 24.2 20 9 6.5 +1.6
VUG Vanguard Growth ETF 24.2 4 25 4.9 +0.0
QQEW First Trust NASDAQ 100 Equal Weight 24.0 60 -31 6.0 +1.2
QQQE Direxion NASDAQ-100 Equal Weight 24.0 35 -6 6.3 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 23.8 9 20 6.5 +1.6
SCHG Schwab U.S. Large-Cap Growth 23.5 4 25 5.0 +0.1
QARP Xtrackers Russell 1000 US QARP 23.4 19 10 6.5 +1.6
IWP iShares Russell Midcap Growth 23.4 24 5 4.6 -0.2
IUSG iShares Core U.S. Growth 23.0 4 25 5.1 +0.3
SPYG SPDR Portfolio S&P 500 Growth 22.2 4 25 5.1 +0.3
TTAC TrimTabs All Cap US Free-Cash-Flow 22.1 59 -30 5.0 +0.1
IVW iShares S&P 500 Growth 22.1 18 11 5.0 +0.1
VOOG Vanguard S&P 500 Growth 22.1 15 14 5.0 +0.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
American Century STOXX U.S. Quality Growth
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 26.3 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.