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Name

As of 12/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Century Diversified Corporate Bond ETF

KORP | Active ETF

$46.71

$384 M

4.52%

$2.11

0.29%

Vitals

YTD Return

5.0%

1 yr return

5.7%

3 Yr Avg Return

0.5%

5 Yr Avg Return

1.6%

Net Assets

$384 M

Holdings in Top 10

15.8%

52 WEEK LOW AND HIGH

$46.7
$44.89
$48.46

Expenses

OPERATING FEES

Expense Ratio 0.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 182.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Century Diversified Corporate Bond ETF

KORP | Active ETF

$46.71

$384 M

4.52%

$2.11

0.29%

KORP - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    American Century Diversified Corporate Bond ETF
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jan 11, 2018
  • Shares Outstanding
    3100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gavin Fleischman

Fund Description

Under normal market conditions, the portfolio managers will invest at least 80% of the fund’s net assets, plus any borrowings for investment purposes, in corporate debt securities and corporate debt investments. Corporate debt investments are derivatives whose reference securities are corporate debt securities.
The fund invests primarily in U.S. dollar denominated corporate debt securities issued by U.S. and foreign entities, but may also invest in securities issued by supranational entities. Although the fund invests primarily in investment-grade debt securities, up to 35% of the fund’s net assets may be invested in high-yield securities (also referred to as “junk bonds”).
The fund also may invest in derivative instruments such as futures contracts, and swap agreements (including, but not limited to, interest rate swaps and credit default swap indexes). The fund may use derivative instruments to earn income, enhance returns, increase liquidity, manage target duration, gain exposure to certain instruments or markets, and/or hedge its exposure to particular investments.
Under normal market conditions, the weighted average duration of the fund’s portfolio is expected to be between three and seven years. The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
The fund is an actively managed exchange-traded fund (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.
Read More

KORP - Performance

Return Ranking - Trailing

Period KORP Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -1.2% 8.6% 5.81%
1 Yr 5.7% -1.0% 10.5% 9.88%
3 Yr 0.5%* -7.5% 40.9% 6.43%
5 Yr 1.6%* -6.9% 25.4% 10.06%
10 Yr N/A* -0.1% 14.5% 18.33%

* Annualized

Return Ranking - Calendar

Period KORP Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -5.6% 6.3% 90.12%
2022 -12.5% -28.7% 142.1% 8.19%
2021 -2.4% -12.3% 4.9% 4.17%
2020 3.5% -8.0% 10.6% 91.46%
2019 6.6% 4.3% 13.4% 95.45%

Total Return Ranking - Trailing

Period KORP Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -1.2% 8.6% 5.81%
1 Yr 5.7% -1.0% 10.5% 9.88%
3 Yr 0.5%* -7.5% 40.9% 6.43%
5 Yr 1.6%* -6.9% 25.4% 10.06%
10 Yr N/A* -0.1% 14.5% N/A

* Annualized

Total Return Ranking - Calendar

Period KORP Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -5.6% 12.9% 84.88%
2022 -10.0% -25.6% 151.8% 8.19%
2021 -0.6% -5.1% 7.5% 42.26%
2020 7.0% -8.0% 116.0% 92.07%
2019 10.0% 6.7% 17.4% 95.45%

KORP - Holdings

Concentration Analysis

KORP Category Low Category High KORP % Rank
Net Assets 384 M 10.9 M 47.3 B 68.02%
Number of Holdings 237 4 10364 89.53%
Net Assets in Top 10 46.6 M -29.6 M 3.03 B 69.19%
Weighting of Top 10 15.78% 1.7% 143.7% 39.53%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 3.31%
  2. Citigroup Inc 6.27 11/17/2033 2.27%
  3. Wells Fargo Co 5.39 04/24/2034 1.85%
  4. Morgan Stanley 6.63 11/01/2034 1.41%
  5. Fifth Third Bancorp 8.25 03/01/2038 1.34%
  6. JPMorgan Chase Co 5.29 07/22/2035 1.31%
  7. Truist Financial Corp 6.12 10/28/2033 1.12%
  8. Goldman Sachs Group Inc/The 5.85 04/25/2035 1.06%
  9. CVS Health Corp 5.55 06/01/2031 1.05%
  10. Bank of America Corp 5.47 01/23/2035 1.05%

Asset Allocation

Weighting Return Low Return High KORP % Rank
Bonds 		94.32% 0.00% 136.47% 80.81%
Convertible Bonds 		6.63% 0.00% 78.47% 20.93%
Cash 		4.65% -43.80% 45.89% 30.23%
Preferred Stocks 		1.08% 0.00% 9.18% 11.63%
Stocks 		0.00% 0.00% 99.98% 51.74%
Other 		-0.06% -5.08% 9.86% 95.35%

Bond Sector Breakdown

Weighting Return Low Return High KORP % Rank
Corporate 		82.01% 41.80% 99.52% 67.44%
Government 		11.51% 0.00% 25.63% 22.67%
Cash & Equivalents 		4.14% 0.00% 45.89% 30.81%
Securitized 		0.44% 0.00% 23.18% 62.79%
Municipal 		0.27% 0.00% 3.37% 48.26%
Derivative 		-0.06% -2.44% 2.14% 85.47%

Bond Geographic Breakdown

Weighting Return Low Return High KORP % Rank
US 		94.32% 0.00% 112.17% 72.67%
Non US 		0.00% 0.00% 47.05% 54.07%

KORP - Expenses

Operational Fees

KORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.03% 3.33% 84.62%
Management Fee 0.29% 0.00% 1.35% 32.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

KORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

KORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KORP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 182.00% 0.00% 259.00% 97.65%

KORP - Distributions

Dividend Yield Analysis

KORP Category Low Category High KORP % Rank
Dividend Yield 4.52% 0.00% 6.00% 17.44%

Dividend Distribution Analysis

KORP Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

KORP Category Low Category High KORP % Rank
Net Income Ratio 1.77% 0.38% 5.93% 74.71%

Capital Gain Distribution Analysis

KORP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

KORP - Fund Manager Analysis

Managers

Gavin Fleischman

Start Date

Tenure

Tenure Rank

Jan 11, 2018

4.39

4.4%

Mr. Fleischman, Vice President and Portfolio Manager, has served on teams managing fixed-income investments for American Century since joining the advisor in 2008 as a corporate analyst. He was promoted to portfolio manager in 2015. He has a bachelor’s degree in history from Lafayette College and an MBA in finance from Fordham University.

Le Tran

Start Date

Tenure

Tenure Rank

Jan 11, 2018

4.39

4.4%

Mr. Tran, Portfolio Manager, has served on teams managing fixed-income investments for American Century since joining the firm in 2004. He has a bachelor’s degree in business administration from San Francisco State University.

Jeffrey Houston

Start Date

Tenure

Tenure Rank

Jan 11, 2018

4.39

4.4%

Houston is a Vice President and Senior Portfolio Manager with American Century Investments, his employer since November 1990. Before joining the company, he was an assistant vice president and analyst with Ambac Indemnity, a municipal financial guaranty firm in New York. He has been in the finance industry since 1986. Houston holds the Chartered Financial Analyst designation. He is a member of the Kansas City Society of Financial Analysts and the Association of Investment Management and Research.

Charles Tan

Start Date

Tenure

Tenure Rank

May 25, 2019

3.02

3.0%

Mr. Tan joined American Century Investment Management, Inc. in 2018. Prior to joining American Century, Mr. Tan worked at Aberdeen Standard Investments from 2005 to 2018. Mr. Tan began his investment career in 1994 and earned a B.S. from University of International Business and Economics, Beijing and an M.B.A from Bucknell University.

Jason Greenblath

Start Date

Tenure

Tenure Rank

Jun 28, 2019

2.93

2.9%

Mr. Greenblath, Vice President and Senior Portfolio Manager, has served on teams managing fixed-income investments since joining American Century Investment Management, Inc. in 2019. Prior to joining American Century, Mr. Greenblath worked at Aberdeen Standard Investments as head of U.S. investment grade credit from 2018 to 2019, head of U.S. investment grade credit research from 2014 to 2018 and as a portfolio manager from 2012 to 2018. He has a bachelor’s degree in finance from Pennsylvania State University

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.84 2.41

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