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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)
$40,774
AUM
$23,835,171
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SSC GOVERNMENT MM GVMXX
5.91%
BKNG5180804
BOOKING HOLDINGS INC SR UNSECURED 05/25 0.75
2.43%
PANW5207287
PALO ALTO NETWORKS SR UNSECURED 06/25 0.375
2.41%
LBDBV5545302
LIBERTY BROADBAND CORP SR UNSECURED 144A 03/53 3.125
2.30%
NIMC
NiSource Inc - Units
2.22%
WFC/PR/L
Wells Fargo & Co. - 7.50% PRF PERPETUAL USD 1000 - Cls A Ser L
2.13%
BAC/PR/O
Bank Of America Corp. - 4.375% PRF PERPETUAL USD 25 - Ser NN
2.10%
PXD5192331
PIONEER NATURAL RESOURCE SR UNSECURED 05/25 0.25
1.99%
UBRT5323752
UBER TECHNOLOGIES INC SR UNSECURED 12/25 0.00000
1.92%
DXCM5195221
DEXCOM INC SR UNSECURED 11/25 0.25
1.85%
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 IWP, IMCG, EUSA

QCON
American Century ETF Trust - American Century Quality Convertible Securities ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity 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 -0.0133%. This is the percent change in the value of QCON over the most recent 1-month period. The 3-month return on QCON is -0.0163%. 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 0.0966%. 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, CWB, and ICVT.

ETFs correlated to QCON include IWP, IMCG, and EUSA.

ETFs that are inversely correlated to QCON include HIBS, SH, and SRTY.

Disclaimers

*

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.