QPFF American Century ETF Trust - American Century Quality Preferred 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 preferred securities issued byU. 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.