VALQ Fees and Costs — American Century U.S. Quality Value ETF
Data updated: 2026-07-29
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $63K in broker commissions, 0.0278% of average net assets, and portfolio turnover was 147%.
VALQ Fees and Expenses
Annual operating expenses and sales charges of VALQ. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| 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 |
VALQ Costs Over Time
On $10,000 invested in VALQ, assuming 5% a year before costs, total costs come to $202 over 5 years, cutting the return by 0.33% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $202 |
| Value after costs | $10,467 | $11,466 | $12,561 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
VALQ 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): 0.0278%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 147%
- Securities on loan, average value: $117K
- Net income from securities lending: $316 (0.000% of average net assets)
VALQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities CSHC US LLC | $50K | 79.00% |
| Morgan Stanley | $6K | 8.78% |
| J.P. Morgan Securities | $2K | 3.76% |
| UBS Warburg | $2K | 3.35% |
| Bank of America Merrill Lynch | $2K | 3.17% |
| Goldman Sachs | $1K | 1.79% |
| Jefferies LLC | $57 | 0.09% |
| Citigroup Capital Markets Inc | $20 | 0.03% |
| Barclays Capital | $15 | 0.02% |
| Sanford C. Bernstein | $4 | 0.01% |
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.