American Century® Emerging Markets Bond ETF - AEMB

Summary

Loading Daily NAV data...

FUND FACTS

Loading Fund Facts data...

Expenses and Distributions

Loading Expenses and Distributions data...

FUND DOCUMENTS & RESOURCES

Loading Fund Documents data...

 

Related Links


      Fund Brochure  
      2021 Distribution Calendar

 

Seeks to provide current income and capital appreciation.

Risk & Additional Details

Goal & Strategy

Seeks to deliver high levels of income and attractive risk-adjusted returns over a full market cycle.

Characteristics

An actively managed portfolio of emerging markets debt securities designed to help diversify sources of income.

  • Dynamically invests in a broad range of emerging markets debt securities, without limitations on credit quality.
  • Emphasizes hard currency (USD) sovereigns and quasi-sovereigns, as well as emerging markets corporate debt.

Attributes

  • STATISTICS
  • Price to Book Ratio: The price per share divided by book value per share.

    Price/Earnings Ratio: The price per share divided by earnings per share.

    Weighted Average Market Cap: The weighted average market value of a company's outstanding shares.

    Equity Beta: Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security's price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicated the security is more volatile than the market. Calculated vs. STOXX®.

    Number of Holdings: The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards.

    Option Adjusted Duration (OAD): OAD is the effective duration. It is a duration calculation for bonds that have embedded options. This measure of duration takes into account the fact that expected cash flows will fluctuate as interest rates change. The effective duration measures the percentage change in price for a 100 basis points parallel shift in the yield curve. Positive duration means that as rates rise, the price decreases, and negative duration means that as rates rise, the price increases.

    Weighted Average Coupon: The weighted average interest rate paid by the mortgages in the pool.

    Option Adjusted Spread (OAS): The measurement of the spread (in Basis Points) of a fixed-income security rate and the risk-free rate of return, which is adjusted to take into account an embedded option.

    Number of Holdings: The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards.

    Statistics

    Loading Statistics data...
  • PRICING
  • Pricing

    Loading Pricing data...

  • PREMIUM/DISCOUNT
  • Premium/Discount

    Loading Premium/Discount data...

    Performance

    • ANNUALIZED
    • 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.

      Annualized

      Loading Annualized Performance data...
    • YIELDS
    • Yields

      Loading Yields data ...

      Composition

      • TOP TEN HOLDINGS
      • Top Ten Holdings

        Loading Top Ten Holdings data...
      • INVESTMENT BLEND
      • Investment Blend

      • QUALITY
      • Quality

        Loading Quality data...

      • MATURITY
      • Maturity

        Loading Maturity data...

      • DURATION
      • Duration

        Loading Duration data...

        Geography

        • TOP COUNTRIES
        • Top Countries

          Management

          Thomas Youn

          Thomas Youn

          Portfolio Manager and Senior Corporate Analyst

          Alessandra Alecci

          Alessandra Alecci

          Vice President, Portfolio Manager and Senior Sovereign Analyst

          John Lovito

          John Lovito

          Co-Chief Investment Officer — Global Fixed Income, Senior Vice President

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

          Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

          This 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.

          Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.

          The lower rated securities in which the fund invests are subject to greater credit risk, default risk and liquidity risk.

          International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

          C

          The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

          Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index may not be copied, used or distributed without J.P. Morgan's prior written approval. ©2021, J.P. Morgan Chase & Co. All rights reserved.

          ©2021 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.

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

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