FLV Fees and Costs — American Century Focused Large Cap Value ETF
Data updated: 2026-07-29
The net expense ratio is 0.42%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $31K in broker commissions, 0.0142% of average net assets, and portfolio turnover was 56%.
FLV Fees and Expenses
Annual operating expenses and sales charges of FLV. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FLV Costs Over Time
On $10,000 invested in FLV, assuming 5% a year before costs, total costs come to $275 over 5 years, cutting the return by 0.46% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $150 | $275 |
| Value after costs | $10,454 | $11,426 | $12,488 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
FLV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0142%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $32K (0.015% of average net assets)
FLV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities | $6K | 19.78% |
| Bank of America Merrill Lynch | $4K | 16.04% |
| UBS Warburg | $4K | 13.00% |
| Citadel Securities CSHC US LLC | $3K | 11.12% |
| Morgan Stanley | $3K | 10.77% |
| Sanford C. Bernstein | $3K | 10.32% |
| Citigroup Capital Markets Inc | $2K | 6.02% |
| Goldman Sachs | $1K | 5.10% |
| Jefferies LLC | $1K | 4.70% |
| Piper Sandler and Company | $879 | 3.15% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.