QCON - American Century Quality Convertible Securities ETF
| Assets | $25.75M |
| NAV | $47.68 |
| Expense Ratio | 0.32% |
| PE Ratio | n/a |
| Beta (5Y) | -1.15 |
| Dividend (ttm) | $0.20 |
| Dividend Yield | 0.43% |
| Ex-Dividend Date | Jul 1, 2021 |
| 1-Year Return | - |
| Trading Day | July 29 |
| Last Price | $47.71 |
| Previous Close | $47.76 |
| Change ($) | -0.05 |
| Change (%) | -0.11% |
| Day's Open | 47.76 |
| Day's Range | 47.70 - 48.00 |
| Day's Volume | 259,113 |
| 52-Week Range | 44.36 - 50.09 |
Fund Description
The investment seeks total return. Under normal market conditions, the portfolio managers will invest at least 80% of the fund's net assets, plus any borrowings for investment purposes, in convertible securities. Convertible securities have characteristics similar to both bonds and common stocks and typically consist of debt securities and preferred stocks that may be converted into or exchanged for a prescribed amount of common stock or other equity security, of the same or a different issuer, within a particular time period, at a specified price. The fund may invest in high-yield securities. It is non-diversified.
| Asset Class Portfolio-Multi Asset | Inception Date Feb 16, 2021 |
| Exchange BATS | Ticker Symbol QCON |
| Index Tracked ICE BofA Convertible Index | |
Top 10 Holdings
21.11% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollar | 688065.SS | 3.70% |
| Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A | n/a | 2.94% |
| Palo Alto Networks Inc 0.38% | n/a | 2.26% |
| Danaher Corp 5% PRF PERPETUAL USD 1000 - Ser B | n/a | 1.97% |
| Anthem Inc 2.75% | n/a | 1.85% |
| Becton, Dickinson and Co PRF PERPETUAL USD 50 - 1/20TH INT Ser B | n/a | 1.75% |
| Akamai Technologies, Inc. 0.38% | n/a | 1.73% |
| J2 Global, Inc. 1.75% | n/a | 1.66% |
| Liberty Broadband Corporation 2.75% | n/a | 1.65% |
| Teradyne Inc. 1.25% | n/a | 1.58% |
Exchange traded fund investors should explore alternate strategies for a market that is stretching valuations to precipitous levels. In the recent webcast, Afraid of a Market Pullback?
The economy has staged an impressive comeback from last year's drop, even fueling concerns that the market at large is overvalued. Forward-thinking investors may want to consider hybrid approaches.