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Name

As of 10/14/2024

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 Multisector Income ETF

MUSI | Active ETF

$43.99

$189 M

7.07%

$3.11

0.36%

Vitals

YTD Return

5.4%

1 yr return

12.5%

3 Yr Avg Return

0.6%

5 Yr Avg Return

N/A

Net Assets

$189 M

Holdings in Top 10

15.8%

52 WEEK LOW AND HIGH

$44.0
$40.76
$44.88

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 10/14/2024

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 Multisector Income ETF

MUSI | Active ETF

$43.99

$189 M

7.07%

$3.11

0.36%

MUSI - Profile

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 7.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century Multisector Income ETF
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jun 29, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Tan

Fund Description

The fund invests in various sectors of the fixed income market holding instruments such as corporate bonds and notes, government securities, securitized credit instruments, and emerging markets debt securities. The portfolio managers select securities using a sector rotation approach that integrates proprietary fundamental research and quantitative model inputs, such as economic activity, inflation and monetary policy, and technical analysis of relative value among various sectors. The fund invests in both investment-grade and high-yield debt securities. Investment grade securities are those that have been rated in one of the top four credit quality categories by an independent rating agency or determined by the advisor to be of comparable credit quality. High-yield securities, which are also known as “junk bonds,” are those that have been rated by an independent rating agency below the highest four categories or determined by the advisor to be of similar quality.
The debt securities in which the fund invests may be payable in U.S. or foreign currencies, including emerging markets currencies. The fund may also invest in certain equity securities such as preferred stock, convertible securities, or equity equivalents provided that such investments are consistent with the fund’s investment objectives. The fund has no average maturity or duration limitations.
In addition to the securities listed above, the fund may also invest in bank loans.
The fund may also utilize derivative instruments provided that such investments are in keeping with the fund’s investment objectives. Such derivative instruments include options, futures contracts, options on futures contracts, and swaps (such as credit default swaps either on a single issuer or a securities index), or in mortgage- or asset-backed securities. The fund may invest in collateralized debt obligations, including collateralized loan obligations, collateralized mortgage obligations, and other similarly structured investments. The fund may use foreign currency exchange contracts to shift investment exposure from one currency into another for hedging purposes or to enhance returns.
The portfolio managers may engage in hedging of portfolio positions, which usually involves entering into a derivative transaction that has the opposite characteristic of the position being hedged. The net effect of these two positions is intended to reduce or eliminate the exposure created by the first position.
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

MUSI - Performance

Return Ranking - Trailing

Period MUSI Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -21.8% 17.7% 95.26%
1 Yr 12.5% -26.4% 18.0% N/A
3 Yr 0.6%* -29.6% 52.0% N/A
5 Yr N/A* -33.0% 28.7% N/A
10 Yr N/A* -27.0% 12.7% N/A

* Annualized

Return Ranking - Calendar

Period MUSI Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -31.8% 18.4% N/A
2022 -13.7% -14.3% 103.5% N/A
2021 N/A -20.2% 60.6% N/A
2020 N/A -13.4% 10.9% N/A
2019 N/A -12.3% 4.1% N/A

Total Return Ranking - Trailing

Period MUSI Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -21.8% 28.6% 96.48%
1 Yr 12.5% -26.4% 38.5% N/A
3 Yr 0.6%* -29.6% 52.0% N/A
5 Yr N/A* -33.0% 29.9% N/A
10 Yr N/A* -27.0% 16.1% N/A

* Annualized

Total Return Ranking - Calendar

Period MUSI Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -31.8% 18.4% N/A
2022 -10.3% -14.3% 103.5% N/A
2021 N/A -20.2% 60.6% N/A
2020 N/A -13.4% 10.9% N/A
2019 N/A -12.3% 4.7% N/A

MUSI - Holdings

Concentration Analysis

MUSI Category Low Category High MUSI % Rank
Net Assets 189 M 100 124 B 80.31%
Number of Holdings 382 2 8175 65.98%
Net Assets in Top 10 30.2 M -1.57 B 20.5 B 68.74%
Weighting of Top 10 15.83% 4.3% 100.0% 48.57%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 3.12%
  2. United States Treasury Note/Bond 4.50 08/15/2026 3.11%
  3. Fannie Mae Pool 3.50 1.58%
  4. Fannie Mae Pool 3.50 1.46%
  5. United States Treasury Note/Bond 4.63 09/15/2026 1.30%
  6. Freddie Mac Pool 3.50 1.15%
  7. Freddie Mac Pool 6.50 1.09%
  8. United States Treasury Note/Bond 4.00 02/15/2027 1.03%
  9. FNCL 5.5 6/24 MBS 30yr 1.00%
  10. Freddie Mac Pool 3.50 0.99%

Asset Allocation

Weighting Return Low Return High MUSI % Rank
Bonds 		93.33% -150.81% 188.92% 19.50%
Preferred Stocks 		4.54% 0.00% 31.88% 52.97%
Cash 		3.80% -261.12% 258.91% 70.26%
Other 		0.57% -25.82% 276.99% 35.27%
Stocks 		0.00% -38.22% 261.12% 67.91%
Convertible Bonds 		0.00% 0.00% 33.50% 46.47%

Bond Sector Breakdown

Weighting Return Low Return High MUSI % Rank
Cash & Equivalents 		3.80% 0.00% 100.00% 82.64%
Derivative 		0.57% 0.00% 72.98% 31.53%
Securitized 		0.00% 0.00% 99.65% 35.83%
Corporate 		0.00% 0.00% 100.00% 42.92%
Municipal 		0.00% 0.00% 54.26% 39.03%
Government 		0.00% 0.00% 99.43% 17.64%

Bond Geographic Breakdown

Weighting Return Low Return High MUSI % Rank
US 		93.05% -151.11% 194.51% 24.07%
Non US 		0.28% -136.75% 90.11% 52.14%

MUSI - Expenses

Operational Fees

MUSI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.01% 6.46% 98.12%
Management Fee 0.35% 0.00% 2.29% 7.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

MUSI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MUSI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

MUSI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% 45.39%

MUSI - Distributions

Dividend Yield Analysis

MUSI Category Low Category High MUSI % Rank
Dividend Yield 7.07% 0.00% 17.29% 35.29%

Dividend Distribution Analysis

MUSI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MUSI Category Low Category High MUSI % Rank
Net Income Ratio N/A -1.55% 11.51% 45.26%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MUSI - Fund Manager Analysis

Managers

Charles Tan

Start Date

Tenure

Tenure Rank

Jun 29, 2021

0.92

0.9%

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 29, 2021

0.92

0.9%

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

Jeffrey Houston

Start Date

Tenure

Tenure Rank

Jun 29, 2021

0.92

0.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.64 3.19

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