FLV vs SEIV

FLVBAmerican Century Focused Large Cap Value ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

FLV An active, roughly 50-stock take on large-cap value: American Century's managers hunt high-dividend U.S. companies with room to raise the payout, and charge less than the typical active value fund to do it.

SEIV Active quant value stock-picking at an index-fund price. SEIV screens U.S. large caps for cheap valuations plus quality, momentum and low volatility, then runs a concentrated book of roughly 80 names for 0.15% a year.

Stated mandate

FLV The fund seeks current income and long-term capital appreciation by investing primarily in high-dividend U.S. companies with potential for dividend growth.

SEIV The Fund seeks long-term capital appreciation through primarily U.S. common stocks priced below fundamental valuation measures, using a quantitative, active stock-selection approach.

Why people hold it

• FLV At 0.42%, it costs less than the typical active U.S. value fund, where the peer median sits at 0.55%. More of the dividend stream stays in the fund.
• Two jobs, one mandate: current income and long-term capital appreciation from high-dividend U.S. companies with dividend growth potential. Distributions run quarterly.
• About 50 holdings, filtered through valuation and quality screens, so cheap on its own doesn't earn a stock a spot.americancentury.com
• Sits in the upper tier of a crowded active U.S. value field, one of the stronger implementations among dozens of rivals.

• SEIV 0.15% a year for genuine active selection, against a 0.55% median in its U.S. value peer group. It matches the cheapest large-value quant funds rather than charging active prices.
• Value is not the only screen. The model also weighs quality, momentum and low volatility, which is how a cheap-stock strategy tries to avoid the cheap-for-a-reason trap.
• Other funds measured against the S&P 500 in this cohort charge far more (LSVD 0.40%, GSPY 0.50%, VNSE 1.34%). SEIV runs its version at 0.15%.
• Sits among the strongest implementations in a crowded U.S. value field, and trades with enough regular activity to be workable for ordinary retail order sizes.

Worth knowing

• FLV Thinly traded next to the category's giants. Spreads can be wider, and bigger orders take more care at the point of execution.
• Systematic rivals cost less: AVLV and SEIV at 0.15%, DFLV at 0.21%. The gap is what you pay for a manager's judgment instead of a rules engine.
• It's active, measured against the Russell 1000 Value Index. A 50-stock portfolio can look quite different from that benchmark in either direction.americancentury.com

• SEIV About 80 stocks measured against a 500-name benchmark. That concentration means stretches where it looks nothing like the S&P 500, in either direction.
• Launched in 2022, so the live record is short, and the asset base is mid-sized rather than among the giants of the value aisle.
• You get the factor recipe, not the trade-by-trade logic: selection sits inside a quantitative model. Distributions land quarterly, not monthly.

Full FLV profile⁠

Full SEIV profile⁠