QPFF vs. FPFD ETF Comparison

Comparison of American Century Quality Preferred ETF (QPFF) to Fidelity Preferred Securities & Income ETF (FPFD)

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

$37.41

Average Daily Volume

12,332

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPFD

Fidelity Preferred Securities & Income ETF

FPFD Description

The investment seeks high total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of the fund's assets in preferred securities and other income-producing securities. It normally invests in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities. The fund primarily invests in securities rated at least BB by S&P, Ba by Moodys, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality. It is non-diversified.

Grade (RS Rating)

Last Trade

$21.96

Average Daily Volume

17,197

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QPFF	FPFD
30 Days	-0.81%	-0.65%
60 Days	-1.42%	-1.76%
90 Days	2.40%	0.16%
12 Months	12.88%	13.30%

4 Overlapping Holdings

Symbol	Grade	Weight in QPFF	Weight in FPFD	Overlap
ACGLO	C	0.51%	0.12%	0.12%
AIZN	D	0.55%	0.14%	0.14%
T	A	1.13%	1.11%	1.11%
TBB	C	1.74%	0.21%	0.21%

QPFF Overweight 10 Positions Relative to FPFD

Symbol	Grade	Weight
NEE	D	3.66%
MGR	D	2.28%
TVE	C	1.7%
RZB	C	0.64%
AGNC	D	0.5%
AFGD	C	0.37%
AFGC	C	0.37%
TVC	C	0.37%
SFB	D	0.37%
FCNCO	D	0.27%

QPFF Underweight 9 Positions Relative to FPFD

Symbol	Grade	Weight
AFGE	D	-0.31%
SOJD	F	-0.28%
RZC	C	-0.27%
UNMA	C	-0.23%
AQNB	C	-0.2%
UZE	B	-0.19%
WTFCM	B	-0.13%
PRS	B	-0.1%
ELC	C	-0.06%

FPFD: Top Represented Industries & Keywords

Industries: Other Banks - Regional - US Insurance - Diversified Telecom Services