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ETFs

American Century Quality Convertible Securities ETF

QCON
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 16 2021
Expense Ratio
0.32%
Type
US Bonds
Fund Owner
American Century Investments
Volume (1m avg. daily)
$31,500
AUM
$19,635,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SSC GOVERNMENT MM GVMXX
10.45%
CSHZZ
2020 CASH EXCH TRUST PREFERRED STOCK 06/23 5.25
1.98%
PANW5207287
PALO ALTO NETWORKS SR UNSECURED 06/25 0.375
1.91%
PXD5192331
PIONEER NATURAL RESOURCE SR UNSECURED 05/25 0.25
1.63%
PODD5061895
INSULET CORPORATION SR UNSECURED 09/26 0.375
1.52%
JAZZ5206504
JAZZ INVESTMENTS I LTD COMPANY GUAR 06/26 2
1.51%
NEEPRQ
NextEra Energy Inc - Unit (Corporate Unit 09/01/2023)
1.49%
PRGS5404490
PROGRESS SOFTWARE CORP SR UNSECURED 04/26 1
1.46%
BAC/PR/O
Bank Of America Corp. - 4.375% PRF PERPETUAL USD 25 - Ser NN
1.42%
WFC/PR/L
Wells Fargo & Co. - 7.50% PRF PERPETUAL USD 1000 - Cls A Ser L
1.36%
Invest with QCON

What is QCON?

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.

ETFs related toQCON

ETFs correlated to QCON include CWB, ICVT, VXF

QCON
American Century ETF Trust - American Century Quality Convertible Securities ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
FPX
First Trust Exchange-Traded Fund III - First Trust US Equity Opportunities ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

QCON is a US Bonds ETF. 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.

Yes, QCON is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, QCON is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QCON is -0.0233%. This is the percent change in the value of QCON over the most recent 1-month period. The 3-month return on QCON is 0.0067%. This is the percent change in the value of QCON over the most recent 3-month period.

The standard deviation of QCON for the past year is 0.1504%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QCON include FCVT, ESGA, and ESGY.

ETFs correlated to QCON include CWB, ICVT, and VXF.

ETFs that are inversely correlated to QCON include SRTY, TWM, and RWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.