QPFF Fees and Costs — American Century Quality Preferred ETF
Data updated: 2025-10-29
The net expense ratio is 0.32%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $14K in broker commissions, 0.0224% of average net assets, and portfolio turnover was 84%.
QPFF Fees and Expenses
Annual operating expenses and sales charges of QPFF. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.32% |
| Fee waiver | — |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
QPFF Costs Over Time
On $10,000 invested in QPFF, assuming 5% a year before costs, total costs come to $217 over 5 years, cutting the return by 0.36% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $119 | $217 |
| Value after costs | $10,464 | $11,458 | $12,546 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
QPFF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0224%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $46.5M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $4.8M
- Net income from securities lending: $236K (0.373% of average net assets)
QPFF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $7K | 46.12% |
| J.P. Morgan Securities | $5K | 34.42% |
| Jefferies LLC | $2K | 16.74% |
| Morgan Stanley | $386 | 2.72% |
QPFF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Sumridge Partners Holdings, LLC | $5.7M | 15.88% |
| Morgan Stanley | $4.9M | 13.75% |
| J.P. Morgan Securities | $3.9M | 10.81% |
| TradeWeb Direct, LLC | $3.6M | 10.05% |
| Jane Street Group LLC | $3.4M | 9.48% |
| Marketaxess Corporation | $3.1M | 8.72% |
| UBS Warburg | $3.1M | 8.70% |
| BNP Paribas Securities | $3.0M | 8.36% |
| Barclays Capital | $2.8M | 7.66% |
| Millennium Advisors LLC | $2.4M | 6.59% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.