A smart beta exchange traded fund, the American Century U.S. Quality Growth ETF (QGRO) debuted on 09/10/2018, and offers broad exposure to the Style Box - All Cap Growth category of the market.
Headlines from recent weeks can sometimes induce investor whiplash. Yes, bond panic is the latest storm cloud to loom over markets, amid concentration risk and the ongoing Hormuz crisis.
American Century U.S. Quality Growth ETF is rated Hold, as strong GARP and quality characteristics of its portfolio are overshadowed by its underperformance versus peers and the market. While having an appealing growth and quality premise, QGRO has lagged leading growth ETFs like IWF, SCHG, and QQQM, as well as IVV, year-to-date. The fund has also underperformed IVV and the growth-focused ETFs since the strategy change in May 2023.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 2,905 | $233,312.19 | $342,557.6 | $109,245.41 | 46.82% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 281,976 | $33.29M | $32.94M | -$346,816.69 | -1.04% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,787 | $168,048.04 | $208,757.34 | $40,709.3 | 24.22% |
| LW Landry Watson AVANTAX ADVISORY SERVICES Inc. | 9,683 | $787,788.56 | $1.14M | $354,030.8 | 44.94% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 211,320 | $19.08M | $24.92M | $5.84M | 30.63% |
| ARCA Exchange | US Country |
The provided company description outlines an investment fund that focuses on capitalizing on the growth and quality fundamentals of large- and mid-capitalization U.S. companies. This fund operates with a clear strategy under normal market conditions, dedicating at least 80% of its assets—exclusive of any collateral received from securities lending—to investments in the constituent securities of a specifically defined underlying index. This strategy highlights the fund's commitment to investing in a select group of companies that it identifies as having attractive growth and quality fundamentals, marking it as a potentially appealing option for investors looking for exposure to such characteristics in the U.S. equity market.
This product refers to the main offering described in the company overview. It is an investment fund that allocates at least 80% of its total assets, excluding the collateral from securities lending, to the securities that make up the underlying index. The underlying index is intentionally chosen to consist of large- and mid-cap U.S. companies that exhibit promising growth and quality fundamentals. This strategic approach aims to provide investors with a focused exposure to a segment of the equity market known for its potential to offer sustainable returns over time.