American Century® Diversified Corporate Bond ETF - KORP

Summary

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FUND FACTS

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Expenses and Distributions

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FUND DOCUMENTS & RESOURCES

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Related Links


      2018 Distribution Calendar 
 

Seeks to provide current income.

Risk & Additional Details

Goal & Strategy

Seeks current income by emphasizing investment-grade debt while dynamically allocating a portion of the portfolio to high yield

Characteristics

A systematically managed portfolio that integrates fundamental and quantitative expertise:

  • Adjusts investment grade and high-yield components to balance interest rate and credit risk
  • Screens individual credits to seek those with sound fundamentals, reduced default risk, attractive valuations and liquidity
  • Adjusts industry and duration exposures as risks and opportunities emerge

Attributes

  • PRICING
  • Pricing

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  • PREMIUM/DISCOUNT
  • Premium/Discount

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    Performance

    • CUMULATIVE
    • Average annual returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.

      ETF Market Performance (Inception to Date):
      The fund's per share Net Asset Value (NAV) is the value of one share of the fund. Market Price is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund's NAV is calculated. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively.

      Cumulative

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    • YIELDS
    • Yields

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      Composition

      • TOP TEN HOLDINGS
      • Top Ten Holdings

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      • INVESTMENT BLEND
      • Investment Blend

      • QUALITY
      • Quality

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      • MATURITY
      • Maturity

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        Management

        Gavin Fleischman

        Gavin Fleischman

        Vice President, Portfolio Manager

        Le Tran

        Le Tran

        Portfolio Manager

        Kevin Akioka, CFA

        Kevin Akioka

        Vice President, Senior Portfolio Manager

        Jeff Houston, CFA

        Jeff Houston

        Vice President, Senior Portfolio Manager

        Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Net Asset Value (NAV) prices are used to calculate market price performance prior to the date when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund's most recent month end performance, please call 1-800-345-6488.

        Index performance does not represent the fund's performance. It is not possible to invest directly in an index.

        The fund is an actively managed ETF that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund’s performance may suffer.

        ETF shares may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.

        ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.

        C

        Net expense ratio is the total annual operating expense ratio for the fund, net of any fee waivers or expense reimbursements. Gross expense ratio is the total annual operating expense ratio for the fund, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus. This is the actual ratio that investors paid during the fund's most recent fiscal year.

        For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

        ©2018 Morningstar, Inc. All Rights Reserved. Certain information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

        Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investments Services, Inc.