FLV ETF — American Century Focused Large Cap Value ETF

American Century Focused Large Cap Value ETF (FLV)

Updated October 16, 2026.

FLV is an ETF. its distribution rate is 1.60%, its trailing-12-month yield is 1.65%, its expense ratio is 0.42%. Dividend Vision Distribution Safety Score™ is 95/100 (Safe). Total return is 159.8% over the past 6.5 years, 71.6 points behind SPY at 231.4%.

American Century Focused Large Cap Value ETF is an actively managed fund that invests at least eighty percent of its assets in large-capitalization value stocks, with portfolio managers selecting holdings based on valuation criteria, risk-return analysis, and fundamental prospects. The fund provides a modest current distribution rate paid quarterly and carries an expense ratio of 0.42%. It appeals to income-focused investors seeking exposure to large-cap value equities through active management.

FLV performance versus SPY

Price and return data through 2026-10-16.

Total return is 159.8% over the past 6.5 years, 71.6 points behind SPY at 231.4%. Over the past year its total return — price change plus distributions reinvested — is 20.0%. Its deepest 1-year drawdown was 7.5%.

FLV key facts

Distribution Safety Score™

95 · Safe

Safety-Adjusted Yield

1.52%

Issuer

American Century

Asset type

ETF

Asset class

Equity

Inception date

03/31/2020

Expense ratio

0.42%

Distribution rate

1.60%

Distribution frequency

Quarterly

Trailing yield

1.65%

Last close

$85.99 (as of 2026-10-16)

AUM

$372,439,103

Average volume

2744.0

Dividend

$0.345

Ex-dividend date

09/08/2026

Payment date

09/10/2026

Beta

0.51

How Dividend Vision calculates yield and returns

Distribution rate (1.60%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.65%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: American Century; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FLV risks and drawbacks

FLV's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.5%.

Who may consider FLV — and who may not

FLV may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FLV pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FLV

• All tickers starting with F

Tagged: Value, Large Cap.

Frequently asked questions

More securities from American Century.