QPFF
American Century Quality Preferred ETF
QPFF is an actively managed fund that invests in preferred securities issued by US and non-US companies of varied maturities.
Preferred Stock
FIXED INCOME
Active
MANAGEMENT STYLE
68.8 M
ASSETS UNDER MGMT
32 bp
EXPENSES
Fund Basics
| Fund sponsor | American Century Investments |
| Category | Preferred Stock |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Feb 16, 2021 |
| Assets (mns) | $68 |
| Expense ratio | 32 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| NEXTERA ENERGY INC UNIT ( 6.926% CORPORATE UNI | 4.2 % |
| WELLS FARGO & CO 7 1/2 % NON CUM PERP CONV PFD | 3.2 % |
| ARES MANAGEMENT CORP 6.75% PRF PERPETUAL USD 5 | 2.5 % |
| SOUTHERN CO. 0% | 2.5 % |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE C | 2.2 % |
| STATE STREET CORP DR | 2.2 % |
| JPMORGAN CHASE & CO PFD | 2.2 % |
| WESCO INTERNATIONAL INC 10.625% PRF PERPETUAL | 2.2 % |
| APOLLO GLOBAL MANAGEMENT INC 6.75% PRF CONVERT | 2.1 % |
| U.S. BANCORP DR | 2.0 % |
Issuer Type Breakdown
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.7% | -3.0% | -0.2% | -0.7% | -- | -- | -- | -2.8% |
| Dividend Yield | 0.0% | 1.9% | 4.3% | 4.7% | -- | -- | -- | 4.5% |
| Total Returns | -1.7% | -1.1% | 4.1% | 4.0% | -- | -- | -- | 1.7% | Ann. Volatility | 9.7% | 8.3% | 7.5% | 7.7% | -- | -- | -- | 7.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.42 | 45% |
| MSCI EAFE | 0.42 | 49% |
| MSCI Emg Mkts | 0.34 | 34% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| Recent close | $35.64 |
| 30d moving avg. | $34.98 |
| Annualized volatility | 10.0% |
| Relative strength (RSI) | 59 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Distribution Yield (Trailing 12 Months)
Expense Analysis
| Peer Group | Active Preferred Stock Fixed Income ETFs |
| # of ETFs | 7 |
| Avg. Expense Ratio | 83.4 bp |
| Std. Deviation | 36.1 bp |
| QPFF (32 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QPFF | 32.0 | 32.9 | 64.9 |
| Peer Avg. | 58.2 | 24.1 | 82.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .