FLV vs WTV

FLVBAmerican Century Focused Large Cap Value ETF

WTVAWisdomTree U.S. Value Fund

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.

WTV Most value funds shop for low price tags. WTV shops for cash coming back to shareholders: dividends plus net buybacks, filtered for quality and profitability. Actively run, priced like an index fund at 0.12%.

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.

WTV The fund seeks income and capital appreciation through primarily U.S. equities selected for high total shareholder yield and favorable relative quality characteristics.

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.

• WTV Charges 0.12% a year, under a quarter of the 0.55% typical for active US value funds, and less than every same-benchmark rival in its group (JAVA 0.44%, CGVV 0.33%, TEQI 0.54%).
• "Value" here means cash returned: dividend yield plus net buyback yield, with quality and profitability screens, rather than a plain low price-to-book sort.wisdomtree.com
• About 160 US stocks, a multi-billion-dollar asset base, and a live track record dating to 2007. Distributions land quarterly.

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

• WTV Full equity with no downside cushion, and a value tilt that can lean into a handful of sectors. Risk is the least polished part of the profile.
• Rules-based active, not an index tracker, so results can diverge from the Russell 1000 Value in either direction.
• Buybacks supply much of the shareholder yield, and companies can scale repurchases back more easily than they cut dividends.wisdomtree.com

Full FLV profile⁠

Full WTV profile⁠