American Century Quality Diversified International ETF (QINT)

US ETF American Century Quality Diversified International ETF Overview

Profile:

• Invests in large and mid-cap stocks from developed countries outside the US.
• Focuses on companies with strong fundamentals, consistent earnings growth, and attractive valuations.
• Employs a bottom-up stock selection approach, seeking companies with high returns on equity and low debt levels.

Objective:

• To provide investors with long-term capital appreciation and income through investments in high-quality international companies.

Issuer:

• American Century Investments, a global asset management firm with over 50 years of experience and over $215 billion in assets under management.
• Strong reputation for its research capabilities and focus on value investing.
• Experienced management team led by Victor Zhang, Portfolio Manager and Senior Research Analyst.

Market Share:

• Holds a small but growing market share in the international large-cap value space.

Total Net Assets:

• $1.23 billion as of November 10, 2023.

Moat:

• Access to American Century's proprietary research and stock selection process.
• Strong alignment of interests with investors due to significant employee ownership.

Financial Performance:

• Outperformed its benchmark index, the MSCI EAFE Index, over the past 3 and 5 years.
• Delivered a 10.2% annualized return over the past 5 years, compared to 8.7% for the benchmark.

Growth Trajectory:

• International markets are expected to grow at a moderate pace in the coming years.
• The ETF is well-positioned to benefit from this growth due to its focus on high-quality companies.

Liquidity:

• Average daily trading volume of approximately 25,000 shares.
• Tight bid-ask spread, indicating good liquidity.

Market Dynamics:

• Global economic growth, interest rates, and currency fluctuations can impact the ETF's performance.
• Geopolitical events and trade tensions can also affect international markets.

Competitors:

• iShares MSCI EAFE Value ETF (EFV)
• Vanguard FTSE Developed Markets ETF (VEA)
• SPDR S&P International Developed Large Cap Value ETF (IDLV)

Expense Ratio:

• 0.49% per year.

Investment Approach and Strategy:

• Actively managed, using a bottom-up stock selection process.
• Invests in companies with strong fundamentals, consistent earnings growth, and attractive valuations.
• Diversified across sectors and countries.

Key Points:

• Focus on high-quality, undervalued companies.
• Strong track record of outperformance.
• Experienced management team.
• Competitive expense ratio.

Risks:

• Volatility of international markets.
• Currency risk.
• Concentration risk, as the ETF holds a relatively small number of stocks.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation and income from international markets.
• Investors comfortable with a higher level of volatility.
• Investors with a long-term investment horizon.

Fundamental Rating Based on AI:

• 7.5 out of 10.
• The ETF benefits from a strong track record, experienced management, and competitive fees.
• However, its focus on a smaller number of stocks could increase its volatility.

Resources:

• American Century Investments website
• Morningstar ETF report
• Bloomberg Terminal
• Reuters

Disclaimer:

This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.