ETF Evaluator: American Century US Quality Growth ETF () Follow This ETF

American Century US Quality Growth ETF Overview

American Century US Quality Growth ETF (QGRO) is a passively managed U.S. Equity Large Growth exchange-traded fund (ETF). American Century Investments launched the ETF in 2018.

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the American Century U.S. Quality Growth Index (the "index"). Under normal market conditions, the fund invests at least 80% of its assets, exclusive of collateral held from securities lending, in the component securities of the underlying index. The index is designed to select securities of large- and mid-capitalization U.S. companies with attractive growth and quality fundamentals.

About American Century US Quality Growth ETF (QGRO)

There are 2 members of the management team with an average tenure of 2.54 years: Will Enderle (2022) and Stephen Quance (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and American Century US Quality Growt TR USD index with a weighting of 100%. American Century US Quality Growth ETF has 188 securities in its portfolio. The top 10 holdings constitute 28.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

American Century US Quality Growth ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. American Century US Quality Growth ETF has 0.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.7% There is 0.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Century US Quality Growth ETF has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

QGRO Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Century US Quality Growth ETF expense ratio is below average compared to funds in the Large Growth category. American Century US Quality Growth ETF has an expense ratio of 0.29%, which is 41% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Century US Quality Growth ETF has a portfolio turnover rate of 165%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.

Recently, in the month of July 2026, American Century US Quality Growth ETF returned -3.1%, which earned it a grade of C, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

American Century US Quality Growth ETF has a trailing yield of 0.19%, which is below the 0.53% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Century US Quality Growth ETF Grades

Year to date, the ETF has returned 0.0%, 6.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.9% over the past year (grade of F), 17.7% over the past three years (grade of D) and 9.8% per year over the past five years (grade of C).

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