QCON - American Century Quality Convertible Securities ETF
|Ex-Dividend Date||Jul 1, 2021|
|Trading Day||July 29|
|Day's Range||47.70 - 48.00|
|52-Week Range||44.36 - 50.09|
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 |
|Inception Date |
Feb 16, 2021
|Ticker Symbol |
|Index Tracked |
ICE BofA Convertible Index
Top 10 Holdings21.11% of assets
|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.