Key stats
About American Century Quality Convertible Securities ETF
Expense ratio
0.32%
Home page
Inception date
Feb 16, 2021
QCON is an actively managed fund that draws large, liquid convertible bonds from the ICE BofA U.S. Convertibles Index. The portfolio consists of 80-200 convertibles of any credit quality, selected using fundamental and technical factors such as sales or earnings growth, profitability, leverage, price momentum relative to peers, and valuation and yield relative to other convertible securities. The portfolio weights are quality-focused. Quality here does not pertain to high credit rating alone but also to strong earnings profiles, and balance sheets. The portfolio balances these quality characteristics to achieve an optimal beta range. QCON may engage in frequent trading to attain total returns, this may cause higher trading costs and capital gains distributions.
Classification
What's in the fund
Exposure type
Corporate
Stocks7.88%
Finance7.27%
Producer Manufacturing0.61%
Bonds, Cash & Other92.12%
Corporate85.29%
Miscellaneous4.82%
UNIT1.79%
Mutual fund0.22%