QCON: American Century Quality Convertible Securities ETF - MutualFunds.com
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American Century Quality Cnvtbl Scts ETF

QCON - Snapshot

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $15.6 M
  • Holdings in Top 10 18.1%

52 WEEK LOW AND HIGH

$47.60
$44.69
$50.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Convertibles

Compare QCON to Popular Convertible Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$85.70

-0.09%

$6.59 B

2.22%

$1.91

3.51%

0.40%

$29.60

+0.14%

$5.10 B

0.98%

$0.29

4.59%

0.83%

$44.87

0.00%

$2.91 B

0.79%

$0.35

3.94%

0.71%

$31.53

-0.06%

$2.62 B

1.23%

$0.39

4.96%

1.17%

$42.65

-0.07%

$2.21 B

2.68%

$1.14

6.68%

0.63%

QCON - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century Quality Convertible Securities ETF
  • Fund Family Name
    American Century Investments
  • Inception Date
    Feb 16, 2021
  • Shares Outstanding
    340000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rene Casis

Fund Description

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.


QCON - Performance

Return Ranking - Trailing

Period QCON Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -1.3% 8.0% N/A
1 Yr N/A 34.8% 86.7% N/A
3 Yr N/A* 5.7% 25.8% N/A
5 Yr N/A* 7.9% 22.0% N/A
10 Yr N/A* 5.7% 12.9% N/A

* Annualized

Return Ranking - Calendar

Period QCON Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -4.1% 54.0% N/A
2019 N/A 4.5% 24.4% N/A
2018 N/A -15.4% -2.5% N/A
2017 N/A -7.8% 15.4% N/A
2016 N/A 0.4% 14.2% N/A

Total Return Ranking - Trailing

Period QCON Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -1.3% 8.0% N/A
1 Yr N/A 30.7% 86.7% N/A
3 Yr N/A* 5.7% 25.8% N/A
5 Yr N/A* 7.7% 22.0% N/A
10 Yr N/A* 5.7% 12.9% N/A

* Annualized

Total Return Ranking - Calendar

Period QCON Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -4.1% 54.0% N/A
2019 N/A 4.5% 24.4% N/A
2018 N/A -15.4% 4.5% N/A
2017 N/A 1.8% 18.4% N/A
2016 N/A 0.4% 16.5% N/A

QCON - Holdings

Concentration Analysis

QCON Category Low Category High QCON % Rank
Net Assets 15.6 M 15.6 M 6.59 B 100.00%
Number of Holdings 142 44 367 27.59%
Net Assets in Top 10 2.82 M -17.5 M 1.17 B 98.85%
Weighting of Top 10 18.09% 9.4% 83.2% 63.22%

Top 10 Holdings

  1. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 2.74%
  2. Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 2.34%
  3. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.23%
  4. DexCom Inc 0.75% 1.80%
  5. Tesla Inc 2% 1.72%
  6. Twitter Inc 0.25% 1.71%
  7. Tesla Inc 2.38% 1.69%
  8. Snap Inc 0.25% 1.60%
  9. Teradyne Inc. 1.25% 1.53%
  10. Teladoc Health Inc 1.25% 1.50%

Asset Allocation

Weighting Return Low Return High QCON % Rank
Convertible Bonds
79.63% 3.48% 116.38% 59.77%
Preferred Stocks
14.48% 0.00% 18.99% 16.09%
Stocks
5.28% 0.00% 30.60% 45.98%
Cash
0.61% 0.00% 10.22% 78.16%
Other
0.00% -16.33% 7.56% 78.16%
Bonds
0.00% -27.01% 51.48% 78.16%

Stock Sector Breakdown

Weighting Return Low Return High QCON % Rank
Utilities
73.27% 0.00% 100.00% 21.52%
Industrials
26.73% 0.00% 61.32% 22.78%
Technology
0.00% 0.00% 23.40% 83.54%
Real Estate
0.00% 0.00% 22.98% 69.62%
Healthcare
0.00% 0.00% 29.83% 87.34%
Financial Services
0.00% 0.00% 96.48% 74.68%
Energy
0.00% 0.00% 80.75% 79.75%
Communication Services
0.00% 0.00% 15.03% 69.62%
Consumer Defense
0.00% 0.00% 7.14% 69.62%
Consumer Cyclical
0.00% 0.00% 100.00% 70.89%
Basic Materials
0.00% 0.00% 16.44% 75.95%

Stock Geographic Breakdown

Weighting Return Low Return High QCON % Rank
US
5.28% 0.00% 30.38% 45.98%
Non US
0.00% 0.00% 2.74% 73.56%

QCON - Expenses

Operational Fees

QCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.07% 3.98% N/A
Management Fee 0.32% 0.20% 1.33% 2.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

QCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

QCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 32.46% 242.00% N/A

QCON - Distributions

Dividend Yield Analysis

QCON Category Low Category High QCON % Rank
Dividend Yield 0.09% 0.00% 0.78% 9.20%

Dividend Distribution Analysis

QCON Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

QCON Category Low Category High QCON % Rank
Net Income Ratio N/A -14.00% 9.48% N/A

Capital Gain Distribution Analysis

QCON Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

QCON - Fund Manager Analysis

Managers

Rene Casis


Start Date

Tenure

Tenure Rank

Feb 16, 2021

0.12

0.1%

Executive Chairman (since July 2016), Co-Chief Investment Officer (since June 2012),Mr. Casis, Portfolio Manager, has been a member of the team that manages the fund since joining American Century in 2018. Prior to joining American Century, he was a Partner at 55 Institutional, LLC from 2016 to 2017. From 2009 to 2016, he served in roles as US iShares Smart Beta Investment Strategist, US iShares Product Strategist and Senior Portfolio Manager in Beta Strategies for BlackRock Inc. He has a bachelor’s degree in economics from the University of California, Santa Barbara.

Hitesh Patel


Start Date

Tenure

Tenure Rank

Feb 16, 2021

0.12

0.1%

Mr. Patel, Vice President and Portfolio Manager, has managed the fund since 2018. He joined American Century Investments in 2018. From 2014 to 2018, Mr. Patel served as a Senior Alternatives Specialist within the Fund Derivatives Structuring and Financing team at UBS Securities. From 2010 to 2013, he was the Director and Head of Americas Origination and Content for the UBS Liquid Alpha Managed Account and UCITS Platform. He received a bachelor’s degree in economics from Yale University. He is a CFA charterholder. The advisor has, in turn, hired PWP to make recommendations regarding underlying subadvisor selection as well as day-to-day investment management and asset allocation. PWP performs this function under the supervision of the advisor and the general oversight of the fund’s Board of Directors. The portfolio managers who are jointly and primarily responsible for the day-to-day management of the fund are identified below. Responsibility for research, security selection and portfolio construction for portions of the fund may be allocated among the underlying subadvisors. Overall responsibility for coordinating the fund’s activities, including recommending appropriate asset allocations, reviewing overall fund composition and monitoring cash flows, is shared by the following portfolio managers.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.8 9.78 6.25