American Century® Quality Convertible Securities ETF - QCON

Learn More
Three Questions in Three Minutes: QCON.

Summary

Loading Daily NAV data...

FUND FACTS

Loading Fund Facts data...

Expenses and Distributions

Loading Expenses and Distributions data...

FUND DOCUMENTS & RESOURCES

Loading Fund Documents data...

 

More Information


      Fund Brochure  

 

Seeks total return.

Risk & Additional Details

Goal & Strategy

Seeks to capitalize on the deficiencies inherent in the construction of passive indices to deliver potential outperformance with better downside protection.

Characteristics

An actively managed convertible bond portfolio that focuses on quality, industry diversification and balancing beta exposure to optimize risk/return potential.

Portfolio managers identify high-quality, growth-oriented names through both fundamental and quantitative analysis.

Portfolio construction seeks optimal risk balance among securities offering attractive structural features and relative valuation.

Attributes

  • PRICING
  • Pricing

    Loading Pricing data...

  • PREMIUM/DISCOUNT
  • Premium/Discount

    Loading Premium/Discount data...

    Performance

    • ANNUALIZED
    • Average annual returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.

      ETF Market Performance (Inception to Date):
      The fund's per share Net Asset Value (NAV) is the value of one share of the fund. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively.

      Annualized

      Loading Annualized Performance data...
    • YIELDS
    • Yields

      Loading Yields data ...

      Composition

      • TOP TEN HOLDINGS
      • Top Ten Holdings

        Loading Top Ten Holdings data...

        Geography

          Management

          Hitesh Patel, CFA, FRM

          Hitesh Patel, CFA, FRM

          Vice President and Co-Portfolio Manager

          Rene Casis

          Rene Casis

          Portfolio Manager

          Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

          Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

          The fund is classified as non-diversified. Because it is non-diversified, it may hold large positions in a small number of securities. To the extent it maintains such positions; a price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.

          Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.

          This fund is an actively managed ETF that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.

          Convertible securities are typically bond or debt securities and preferred stock that may be converted into a prescribed amount of common stock or other equity security of the issuing company at a particular time and price. The value of convertible securities may rise and fall with the market value of the associated common stock or, like a debt security, vary with changes in interest rates and the credit quality of the company issuing the bond or security. A convertible security tends to perform more like a stock when the associated common stock price is high relative to the conversion price and more like a debt security when the associated common stock price is low relative to the conversion price.

          C

          The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

          For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

          Source: Bloomberg Index Services Ltd

          Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investments Services, Inc.