ETF Research Center

The American Century Quality Diversified International ETF tracks an index of large- and midcap global stocks, excluding US firms. The index selects and weights constituents by both value and growth factors.

FUND BASICS
Category	International Equities
Fund Sponsor	American Century
Website	ipro.americancentury.com
Inception date	Sep 10, 2018
Assets (mns)	$106
Currency	USD
Expense ratio	39 bp
Distributions	Semi-annual

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

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	383
Wgt avg mkt cap (mns)	$49,420
Large cap (>$10bn)	71.0%
Mid cap ($2-10bn)	28.8%
Small cap (<$2bn)	0.2%
Developed mkts	91.5%
Emerging mkts	8.5%

TOP TEN HOLDINGS
Total	14.3 %
HERMES INTERNATIONAL	1.8 %
L'OREAL	1.7 %
PARTNERS GROUP HOLDING AG	1.6 %
CHUGAI PHARMACEUTICAL CO LTD	1.5 %
ASTELLAS PHARMA INC	1.4 %
RECRUIT HOLDINGS CO LTD	1.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR	1.3 %
FORTESCUE METALS GROUP LTD	1.2 %
CANADIAN PACIFIC RAILWAY LTD	1.2 %
SINGAPORE EXCHANGE LTD	1.1 %

TOP COUNTRY EXPOSURE
	JAPAN	18.8 %
	BRITAIN	11.9 %
	FRANCE	11.8 %
	CANADA	7.1 %
	SWITZERLAND	6.6 %
	AUSTRALIA	5.7 %
	CHINA	5.2 %
	NETHERLANDS	4.9 %
	GERMANY	4.2 %
	SWEDEN	3.9 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru December 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
23.4%	23.4%	--	--	14.2%

Market Correlations
versus...	Beta	R-squared
S&P500	0.78	84%
MSCI EAFE	1.08	95%
MSCI Emg. Mkts.	0.74	75%

Technical Indicators
Recent close	$42.31
30d moving avg.	$41.88
Annualized volatility	13.6%
Short interest (ETF)	0.6%
Relative strength (RSI)	64

Liquidity measures
Avg. volume (thou.)	15
Turnover	0.6%
Bid/Ask (% of price)	0.28%
ADV underlying (mns)	$24,869

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the American Century Quality Diversified International ETF based on the alternatives' overlap in portfolio holdings with QINT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

QINT

Expense:

39 bp

ALTAR Score™:

6.0%

ALTERNATIVE ETFs BASED ON OVERLAP WITH QINT
Ticker	Fund Name	Overlap¹ vs QINT (%)	Expense ratio (bp)	Savings vs QINT (bp)	ALTAR Score™ (%)	ALTAR vs QINT (%)
GSIE	Goldman Sachs ActiveBeta Int'l Equity	35.7	25	14	6.4	+0.4
PDEV	Principal International Multi-Factor Core Index	33.0	25	14	6.5	+0.5
ISZE	iShares MSCI Int'l Developed Size Factor	32.3	30	9	6.6	+0.7
CIL	Victory CEMP International Volatility Wtd	31.1	45	-6	6.7	+0.8
CIZ	Compass EMP Dev. 500 Enhanced Vol. Wgt.	31.0	45	-6	6.7	+0.7
GSEU	Goldman Sachs ActiveBeta Europe Equity	30.7	25	14	6.1	+0.1
JPEU	JPMorgan Diversified Return Europe Equity	29.9	37	2	6.2	+0.2
HFXI	IQ 50 Percent Hedged FTSE Int'l	29.4	20	19	7.0	+1.0
QEFA	SPDR MSCI EAFE Quality Mix	29.2	30	9	6.4	+0.4
EFA	iShares MSCI EAFE	29.0	31	8	6.7	+0.7
EFAX	SPDR MSCI EAFE Fossil Fuel Free	29.0	20	19	6.8	+0.8
SCHF	Schwab International Equity	28.8	6	33	7.1	+1.1
JHMD	John Hancock Multifactor Developed International	28.6	45	-6	7.0	+1.0
ESGD	iShares MSCI EAFE ESG Optimized	28.5	20	19	6.7	+0.7
PBDM	Invesco PureBeta FTSE Developed ex-North America	28.4	7	32	7.3	+1.3
IDHQ	Invesco Int'l Developed High Quality Portfolio	28.4	29	10	4.8	-1.1
DBEF	Xtrackers MSCI EAFE Hedged	28.4	35	4	6.6	+0.6
EFG	iShares MSCI EAFE Growth	28.3	40	-1	4.5	-1.5
IMTM	iShares MSCI Int'l Developed Momentum	28.1	30	9	4.5	-1.5

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	**	**	**	**	**	**	**
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 Quality Diversified International
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	12.9	%
Divided by: Fwd. P/BV	2.0	x
Less: Expense ratio	39	bp
Equals: ALTAR Score	6.0	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.65	CATEGORY AVERAGE	1.63

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.