(QPFF) American Century Trust - Ratings and Ratios

The American Century Quality Preferred ETF (QPFF) is an exchange-traded fund that focuses on investing in preferred securities, with a minimum of 80% of its net assets allocated to these securities under normal market conditions. The funds portfolio managers target preferred securities issued by both U.S. and non-U.S. companies, encompassing a range of instruments including preferred stock, hybrid preferred securities, floating rate preferred securities, and convertible securities.

The funds investment strategy is centered around preferred securities, which are often characterized by their higher claim on assets and dividends compared to common stock, but are subordinate to debt securities. The inclusion of hybrid and convertible securities in the portfolio allows for a nuanced investment approach, potentially benefiting from both income generation and capital appreciation. As a non-diversified fund, QPFF may concentrate its investments in a fewer number of securities, which can increase its risk profile compared to diversified funds.

Given the current technical data, with the last price at $35.12 and an ATR of 0.44 representing a 1.24% daily volatility, the fund is showing stability around its short-term moving averages (SMA20 and SMA50). However, it is trading below its SMA200 at $35.68, indicating a potential longer-term downtrend. The 52-week high and low range ($37.04 - $33.48) suggests that the fund has experienced significant price movements over the past year, reflecting the volatility often associated with preferred stock investments.

Combining the technical and fundamental data, a forecast for QPFF could be constructed. With the funds AUM at $67.20M USD, it has a relatively modest asset base, which could impact its liquidity and potentially its ability to track its underlying index closely. Considering the technical indicators, if the fund can break above its SMA200 at $35.68, it may signal a bullish trend, potentially targeting the 52-week high of $37.04. Conversely, failure to break through this resistance level could result in continued consolidation or a decline towards the 52-week low. Investors should closely monitor the funds price action relative to its moving averages and adjust their strategies accordingly.

Its also worth noting that the preferred stock category, to which QPFF belongs, is sensitive to interest rate changes and credit quality. As such, future movements in interest rates and the overall credit environment will be crucial in determining the funds performance. Investors in QPFF should be prepared for potential fluctuations based on these macroeconomic factors.