QPFF vs. IPPP ETF Comparison

Comparison of American Century Quality Preferred ETF (QPFF) to Preferred-Plus ETF (IPPP)

QPFF

American Century Quality Preferred ETF

QPFF Description

The investment seeks current income and capital appreciation. 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 preferred securities issued by U.S. and non-U.S. companies. Preferred securities in which the fund may invest include preferred stock, hybrid preferred securities that have characteristics similar to both preferred stock and debt securities, floating rate preferred securities, junior subordinated debt, senior unsecured debt obligations denominated in $25 par amounts, re-packaged preferreds, and convertible securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.44

Average Daily Volume

12,274

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPPP

Preferred-Plus ETF

IPPP Description

The investment seeks to provide income. The fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in a portfolio of preferred securities issued by U.S. and non-U.S. companies. It may invest in preferred securities of all issuer capitalizations. The fund may also invest in publicly-traded partnerships (“PTPs”). The Advisor intends to maintain approximately 10% asset exposure to a credit spread options strategy, although market conditions may dictate additional exposure.

Grade (RS Rating)

Last Trade

$10.32

Average Daily Volume

1,224

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QPFF	IPPP
30 Days	-0.80%	-1.46%
60 Days	-1.24%	-1.73%
90 Days	2.49%	2.30%
12 Months	12.97%	17.85%

3 Overlapping Holdings

Symbol	Grade	Weight in QPFF	Weight in IPPP	Overlap
AGNC	C	0.5%	1.41%	0.5%
RZB	C	0.64%	0.57%	0.57%
T	A	1.13%	0.93%	0.93%

QPFF Overweight 11 Positions Relative to IPPP

Symbol	Grade	Weight
NEE	C	3.66%
MGR	D	2.28%
TBB	C	1.74%
TVE	C	1.7%
AIZN	D	0.55%
ACGLO	D	0.51%
AFGD	C	0.37%
AFGC	D	0.37%
TVC	C	0.37%
SFB	D	0.37%
FCNCO	C	0.27%

QPFF Underweight 9 Positions Relative to IPPP

Symbol	Grade	Weight
UZE	B	-1.35%
AQNB	C	-1.26%
WTFCP	A	-1.24%
SREA	D	-1.18%
NRUC	D	-0.97%
CMSD	C	-0.6%
TBC	C	-0.58%
PRS	C	-0.57%
SOJD	D	-0.54%

IPPP: Top Represented Industries & Keywords

Industries: Other Banks - Regional REIT - Residential Telecom Services