American Century® Select High Yield ETF - AHYB

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


      2021 Distribution Calendar

 

Seeks to provide high current income.

Risk & Additional Details

Goal & Strategy

Actively invests primarily in BB and B-rated debt issues in pursuit of high current income and risk-adjusted returns.

Fund Subadvisor

The fund is subadvised by a veteran team at Nomura Corporate Research and Asset Management, a firm that has specialized in the high yield market since its founding in 1991.

Characteristics

The managers apply a research-intensive process that seeks to identify companies they believe can:

  • Carry debt loads across market cycles.
  • Generate sustainable cash flows.
  • Decrease leverage on their balance sheets in pursuit of higher ratings.

A top-down macro overlay establishes duration and ratings distribution.

Sector allocations are determined through bottom-up security selection.

Attributes

  • 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...

      Composition

      • TOP TEN HOLDINGS
      • Top Ten Holdings

        Loading Top Ten Holdings data...

        Geography

          Management

          Amy Yu Chang, CFA

          Amy Yu Chang, CFA

          Managing Director, Portfolio Manager

          Stephen Kotsen, CFA

          Stephen Kotsen, CFA

          Managing Director, Portfolio Manager

          David Crall, CFA

          David Crall, CFA

          President, Chief Executive Officer, Chief Investment Officer, and Managing Director

          Rene Casis

          Rene Casis

          Vice President, Portfolio Manager

          Derek Leung, CFA

          Derek Leung, CFA

          Executive Director, 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 quarter end performance, please call 1-800-345-6488.

          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.

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

          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.

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

          Nomura Corporate Research and Asset Management (NCRAM) is affiliated with American Century Investments. NCRAM is not affiliated with Foreside Fund Services, LLC.

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