QPFF vs. PSK ETF Comparison

Comparison of American Century Quality Preferred ETF (QPFF) to SPDR Wells Fargo Preferred Stock ETF (PSK)

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

$37.25

Average Daily Volume

12,019

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSK

SPDR Wells Fargo Preferred Stock ETF

PSK Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.32

Average Daily Volume

119,777

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QPFF	PSK
30 Days	-1.62%	-2.98%
60 Days	-2.03%	-4.17%
90 Days	2.17%	0.06%
12 Months	11.79%	11.10%

6 Overlapping Holdings

Symbol	Grade	Weight in QPFF	Weight in PSK	Overlap
ACGLO	D	0.51%	0.42%	0.42%
AIZN	D	0.55%	0.3%	0.3%
MGR	D	2.28%	0.39%	0.39%
RZB	C	0.64%	0.55%	0.55%
TBB	C	1.74%	1.73%	1.73%
TVC	C	0.37%	0.32%	0.32%

QPFF Overweight 8 Positions Relative to PSK

Symbol	Grade	Weight
NEE	C	3.66%
TVE	C	1.7%
T	A	1.13%
AGNC	C	0.5%
AFGD	C	0.37%
AFGC	D	0.37%
SFB	D	0.37%
FCNCO	D	0.27%

QPFF Underweight 20 Positions Relative to PSK

Symbol	Grade	Weight
SOJD	D	-1.23%
TBC	C	-1.11%
RZC	C	-1.03%
SREA	D	-1.02%
CMSD	C	-0.85%
PRS	C	-0.76%
DUKB	C	-0.68%
FITBI	A	-0.63%
SOJC	D	-0.6%
PFH	D	-0.56%
DTW	D	-0.53%
EAI	D	-0.5%
ESGRP	D	-0.46%
BAC	A	-0.43%
UNMA	D	-0.41%
CMSC	C	-0.37%
GPJA	D	-0.34%
NRUC	D	-0.33%
ELC	D	-0.32%
EMP	D	-0.31%

PSK: Top Represented Industries & Keywords

Industries: Other Insurance - Diversified Banks - Global Banks - Regional - US Electric Utilities Insurance