LVOL vs. ACWV ETF Comparison

Comparison of American Century Low Volatility ETF (LVOL) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$54.26

Average Daily Volume

242

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.72

Average Daily Volume

151,492

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

Performance

Period	LVOL	ACWV
30 Days	2.09%	1.57%
60 Days	4.45%	6.36%
90 Days	6.27%	9.63%
12 Months	25.89%	22.70%

42 Overlapping Holdings

Symbol	Grade	Weight in LVOL	Weight in ACWV	Overlap
ABBV	B	0.1%	0.56%	0.1%
ABT	C	1.35%	0.1%	0.1%
ACN	C	2.45%	0.24%	0.24%
AJG	D	0.1%	0.32%	0.1%
AON	B	0.1%	0.33%	0.1%
APH	C	1.79%	0.48%	0.48%
BRK.A	C	2.5%	0.89%	0.89%
CB	B	1.2%	0.89%	0.89%
CL	C	0.97%	0.39%	0.39%
CSCO	B	2.59%	1.39%	1.39%
CTSH	B	1.42%	0.19%	0.19%
EA	D	0.66%	0.54%	0.54%
FFIV	B	0.14%	0.32%	0.14%
GD	C	0.96%	0.19%	0.19%
HOLX	D	0.22%	0.05%	0.05%
IBM	B	0.63%	0.74%	0.63%
IT	C	0.45%	0.07%	0.07%
JKHY	B	0.15%	0.2%	0.15%
JNJ	C	2.9%	1.13%	1.13%
KMB	C	0.55%	0.32%	0.32%
KO	B	1.92%	0.06%	0.06%
LLY	D	0.15%	0.6%	0.15%
MA	B	2.39%	0.18%	0.18%
MCD	B	1.25%	1.0%	1.0%
MDLZ	C	0.21%	0.28%	0.21%
MMC	C	1.89%	0.89%	0.89%
MRK	F	1.86%	1.25%	1.25%
MSFT	C	8.21%	0.78%	0.78%
MSI	B	0.8%	1.66%	0.8%
ORLY	B	0.13%	0.56%	0.13%
PEP	D	1.35%	1.14%	1.14%
PG	C	2.73%	0.84%	0.84%
PTC	C	0.97%	0.2%	0.2%
ROP	C	0.77%	1.34%	0.77%
RSG	D	0.99%	1.13%	0.99%
TDY	B	0.63%	0.1%	0.1%
TRV	C	0.5%	0.29%	0.29%
V	C	3.05%	0.54%	0.54%
VRSN	C	0.19%	0.35%	0.19%
WM	D	0.86%	1.37%	0.86%
WMT	B	0.34%	1.67%	0.34%
YUM	B	0.43%	0.23%	0.23%

LVOL Overweight 56 Positions Relative to ACWV

Symbol	Grade	Weight
AAPL	C	6.82%
HD	B	2.49%
LIN	B	2.33%
GOOGL	D	2.1%
AMZN	C	2.06%
COST	C	2.0%
MDT	B	1.85%
CTAS	C	1.73%
TEL	D	1.71%
SPGI	C	1.48%
INTU	D	1.47%
DOX	C	1.28%
PAYX	C	1.23%
HON	C	1.19%
BSX	B	1.06%
CMI	B	1.02%
SHW	B	1.0%
MCO	C	0.89%
ECL	B	0.86%
ITW	B	0.78%
DOV	B	0.77%
ADSK	B	0.7%
GOOG	D	0.7%
SYK	C	0.68%
HIG	B	0.66%
AMP	B	0.59%
NDSN	C	0.58%
GWW	B	0.48%
FAST	C	0.48%
VRSK	D	0.44%
CMCSA	C	0.39%
OTIS	B	0.37%
SNA	B	0.33%
GRMN	D	0.3%
LOW	B	0.29%
BLK	B	0.28%
BR	C	0.28%
NTAP	D	0.28%
PKG	B	0.22%
AVY	C	0.2%
MAS	B	0.2%
CRM	C	0.19%
DLB	D	0.19%
FDS	C	0.18%
ZBH	F	0.17%
IEX	C	0.17%
CDW	D	0.12%
AXP	B	0.1%
CW	B	0.1%
ITT	B	0.09%
CHE	C	0.08%
GGG	C	0.08%
DCI	C	0.08%
LSTR	D	0.08%
AVB	C	0.06%
VLTO	B	0.04%

LVOL Underweight 99 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	B	-1.7%
MCK	F	-1.17%
VRTX	D	-1.11%
COR	F	-0.97%
ED	B	-0.9%
REGN	D	-0.89%
PGR	C	-0.83%
DUK	B	-0.83%
SO	B	-0.82%
VZ	A	-0.81%
NOC	B	-0.8%
UNH	C	-0.8%
KR	B	-0.77%
AZO	B	-0.74%
GIS	B	-0.71%
WEC	B	-0.65%
ACGL	B	-0.64%
ELV	D	-0.56%
CBOE	C	-0.56%
K	A	-0.56%
GDDY	C	-0.55%
HSY	D	-0.48%
ORCL	B	-0.48%
GILD	B	-0.43%
CHD	C	-0.43%
FI	B	-0.41%
KEYS	B	-0.41%
KDP	B	-0.4%
MKL	C	-0.4%
AMGN	D	-0.39%
WRB	D	-0.39%
BAH	B	-0.38%
WCN	D	-0.38%
CHT	B	-0.38%
L	D	-0.38%
KHC	C	-0.36%
TJX	C	-0.36%
UTHR	B	-0.36%
ERIE	B	-0.34%
HUM	F	-0.34%
JNPR	A	-0.32%
INCY	C	-0.32%
AKAM	D	-0.3%
TSN	D	-0.3%
NBIX	F	-0.3%
SJM	C	-0.29%
GEN	A	-0.27%
BRO	C	-0.27%
CI	C	-0.26%
HRL	F	-0.25%
T	B	-0.25%
CPB	C	-0.25%
LMT	A	-0.24%
CF	B	-0.24%
BDX	D	-0.23%
CME	B	-0.22%
FCNCA	D	-0.21%
BMY	C	-0.21%
BMRN	F	-0.21%
ROL	C	-0.21%
FWONK	C	-0.2%
DPZ	D	-0.18%
CAH	C	-0.17%
CMS	B	-0.17%
ULTA	D	-0.17%
DGX	B	-0.15%
MPC	F	-0.15%
MOH	D	-0.14%
LNG	D	-0.13%
NEM	C	-0.12%
CTVA	B	-0.12%
WIT	C	-0.11%
AIZ	B	-0.11%
MNST	D	-0.11%
PCG	C	-0.1%
XOM	D	-0.1%
AEE	B	-0.1%
FICO	B	-0.1%
AZPN	B	-0.1%
XEL	B	-0.1%
EG	B	-0.1%
WTW	B	-0.09%
WDAY	D	-0.09%
DINO	F	-0.07%
TPL	C	-0.07%
AEP	C	-0.07%
ANET	C	-0.06%
CHRW	B	-0.06%
HSIC	C	-0.06%
TRGP	C	-0.06%
FANG	F	-0.06%
ACI	F	-0.05%
GPC	D	-0.05%
KNX	C	-0.05%
CAG	B	-0.05%
SGD	F	-0.0%
SAR	C	-0.0%
HKD	C	-0.0%
IDR	C	-0.0%