American Century Emerging Markets Bond ETF
Name
As of 07/25/2024Price
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
Vitals
YTD Return
3.9%
1 yr return
8.0%
3 Yr Avg Return
-3.2%
5 Yr Avg Return
N/A
Net Assets
$28.6 M
Holdings in Top 10
19.4%
52 WEEK LOW AND HIGH
$38.4
$34.69
$38.99
Expenses
OPERATING FEES
Expense Ratio 0.43%
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 07/25/2024Price
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
AEMB - Profile
Distributions
- YTD Total Return 3.9%
- 3 Yr Annualized Total Return -3.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 5.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Century Emerging Markets Bond ETF
-
Fund Family NameAmerican Century Investments
-
Inception DateJun 29, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Lovito
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 debt securities related to emerging market countries. Debt securities in which the fund invests include sovereign and quasi-sovereign debt, emerging markets corporate debt securities, and emerging markets debt investments. Emerging markets debt investments include emerging markets derivatives whose reference securities are corporate and sovereign debt securities. Investments are predominantly made in instruments denominated in U.S. dollars but the fund may also invest in securities denominated in local emerging markets currency. The portfolio managers select investments for the fund using proprietary fundamental research, quantitative model inputs and qualitative assessments that consider multiple inputs such as macroeconomic factors, country and fundamental issuer analysis, and market and relative value.
The fund considers an emerging market country to be any country other than a developed country. However, the fund typically invests in the subset of emerging markets countries that comprise the JP Morgan EMBI Global Diversified Index. In determining where a company is located, the portfolio managers will consider various factors, including where the company is headquartered, where the company’s principal operations are located, where a majority of the company’s revenues are derived, where the principal trading market is located and the country in which the company was legally organized. The weight given to each of these factors will vary depending on the circumstances in a given case.
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 fund has no average maturity or duration limitations.
The fund also may invest in derivative instruments such as interest rate futures contracts. 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.
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 the fund requirements and standards described above, along with economic conditions, alternative investments, interest rates and various credit metrics.
AEMB - Performance
Return Ranking - Trailing
| Period | AEMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -23.5% | 4.6% | 97.45% |
| 1 Yr | 8.0% | -24.3% | 3.5% | N/A |
| 3 Yr | -3.2%* | -18.9% | 13.6% | N/A |
| 5 Yr | N/A* | -21.4% | 6.5% | N/A |
| 10 Yr | N/A* | -15.8% | 5.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | AEMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.8% | -58.7% | 15.1% | N/A |
| 2022 | -22.7% | -12.8% | 25.4% | N/A |
| 2021 | N/A | -12.0% | 25.9% | N/A |
| 2020 | N/A | -19.2% | 4.2% | N/A |
| 2019 | N/A | -7.2% | 9.9% | N/A |
Total Return Ranking - Trailing
| Period | AEMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -23.5% | 4.6% | 99.43% |
| 1 Yr | 8.0% | -24.3% | 3.5% | N/A |
| 3 Yr | -3.2%* | -18.9% | 13.6% | N/A |
| 5 Yr | N/A* | -21.4% | 6.5% | N/A |
| 10 Yr | N/A* | -15.8% | 9.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AEMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.1% | -58.7% | 15.1% | N/A |
| 2022 | -18.4% | -12.8% | 25.4% | N/A |
| 2021 | N/A | -7.1% | 25.9% | N/A |
| 2020 | N/A | -19.2% | 10.9% | N/A |
| 2019 | N/A | -7.2% | 9.9% | N/A |
AEMB - Holdings
Concentration Analysis
| AEMB | Category Low | Category High | AEMB % Rank | |
|---|---|---|---|---|
| Net Assets | 28.6 M | 49.1 K | 15.5 B | 85.63% |
| Number of Holdings | 144 | 4 | 2121 | 86.25% |
| Net Assets in Top 10 | 5.56 M | -134 M | 1.25 B | 97.13% |
| Weighting of Top 10 | 19.37% | 2.2% | 95.0% | 20.06% |
Top 10 Holdings
- State Street Institutional US Government Money Market Fund 4.19%
- Argentine Republic Government International Bond 3.63 07/09/2035 2.21%
- Chile Government International Bond 2.55 01/27/2032 1.96%
- Dominican Republic International Bond 4.88 09/23/2032 1.88%
- Panama Government International Bond 6.88 01/31/2036 1.65%
- Eskom Holdings SOC Ltd 6.35 08/10/2028 1.55%
- Saudi Government International Bond 5.75 01/16/2054 1.52%
- Egypt Government International Bond 7.05 01/15/2032 1.50%
- Colombia Government International Bond 6.13 01/18/2041 1.50%
- Mexico Government International Bond 4.75 04/27/2032 1.41%
Asset Allocation
| Weighting | Return Low | Return High | AEMB % Rank | |
|---|---|---|---|---|
| Bonds | 93.89% | -0.02% | 116.66% | 29.51% |
| Cash | 5.93% | -16.66% | 101.67% | 65.33% |
| Other | 0.18% | -3.28% | 3.53% | 90.54% |
| Stocks | 0.00% | -0.47% | 2.07% | 95.13% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 98.28% |
| Convertible Bonds | 0.00% | 0.00% | 26.58% | 99.43% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | AEMB % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 4.47% | 0.00% | 99.89% | 72.78% |
| Derivative | 0.18% | 0.00% | 64.87% | 22.92% |
| Securitized | 0.00% | 0.00% | 1.31% | 98.28% |
| Corporate | 0.00% | 0.00% | 93.26% | 18.91% |
| Municipal | 0.00% | 0.00% | 0.00% | 98.28% |
| Government | 0.00% | 0.00% | 99.79% | 73.64% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | AEMB % Rank | |
|---|---|---|---|---|
| US | 93.89% | -74.21% | 36.99% | 92.26% |
| Non US | 0.00% | 0.00% | 159.42% | 8.02% |
AEMB - Expenses
Operational Fees
| AEMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.43% | 0.01% | 2.87% | 95.99% |
| Management Fee | 0.39% | 0.00% | 1.10% | 5.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
| AEMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| AEMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 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.
| AEMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 302.00% | 1.96% |
AEMB - Distributions
Dividend Yield Analysis
| AEMB | Category Low | Category High | AEMB % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.41% | 0.00% | 30.37% | 26.97% |
Dividend Distribution Analysis
| AEMB | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| AEMB | Category Low | Category High | AEMB % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.28% | 9.04% | 44.02% |
Capital Gain Distribution Analysis
| AEMB | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 01, 2024 | $0.174 | OrdinaryDividend |
| Jun 03, 2024 | $0.188 | OrdinaryDividend |
| May 01, 2024 | $0.252 | OrdinaryDividend |
| Apr 01, 2024 | $0.176 | OrdinaryDividend |
| Mar 01, 2024 | $0.205 | OrdinaryDividend |
| Feb 01, 2024 | $0.145 | OrdinaryDividend |
| Dec 18, 2023 | $0.264 | OrdinaryDividend |
| Dec 01, 2023 | $0.239 | OrdinaryDividend |
| Nov 01, 2023 | $0.191 | OrdinaryDividend |
| Oct 02, 2023 | $0.131 | OrdinaryDividend |
| Sep 01, 2023 | $0.196 | OrdinaryDividend |
| Aug 01, 2023 | $0.151 | OrdinaryDividend |
| Jul 03, 2023 | $0.190 | OrdinaryDividend |
| Jun 01, 2023 | $0.201 | OrdinaryDividend |
| May 01, 2023 | $0.172 | OrdinaryDividend |
| Apr 03, 2023 | $0.190 | OrdinaryDividend |
| Mar 01, 2023 | $0.181 | OrdinaryDividend |
| Feb 01, 2023 | $0.118 | OrdinaryDividend |
| Dec 15, 2022 | $0.248 | OrdinaryDividend |
| Dec 01, 2022 | $0.225 | OrdinaryDividend |
| Nov 01, 2022 | $0.170 | OrdinaryDividend |
| Oct 03, 2022 | $0.204 | OrdinaryDividend |
| Sep 01, 2022 | $0.110 | OrdinaryDividend |
| Aug 01, 2022 | $0.165 | OrdinaryDividend |
| Jul 01, 2022 | $0.162 | OrdinaryDividend |
| Jun 01, 2022 | $0.180 | OrdinaryDividend |
| May 02, 2022 | $0.168 | OrdinaryDividend |
| Apr 01, 2022 | $0.171 | OrdinaryDividend |
| Mar 01, 2022 | $0.172 | OrdinaryDividend |
| Feb 01, 2022 | $0.163 | OrdinaryDividend |
| Dec 16, 2021 | $0.179 | OrdinaryDividend |
| Dec 01, 2021 | $0.200 | OrdinaryDividend |
| Nov 01, 2021 | $0.144 | OrdinaryDividend |
| Oct 01, 2021 | $0.171 | OrdinaryDividend |
| Sep 01, 2021 | $0.177 | OrdinaryDividend |
| Aug 02, 2021 | $0.172 | OrdinaryDividend |
AEMB - Fund Manager Analysis
Managers
John Lovito
Start Date
Tenure
Tenure Rank
Jun 29, 2021
0.92
0.9%
Mr. Lovito, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 2009. He has shared primary responsibility for the management of the fund since 2010 and has served on teams managing fixed-income investments since joining American Century. Prior to joining American Century Investments in 2009, he spent seven years at Lehman Brothers Asset Management, most recently as managing director and head of global fixed-income strategies. He previously served as senior vice president and team leader for international fixed-income at Lehman Brothers Asset Management. He has a bachelor’s degree in economics and an MBA in finance from Fordham University.
Thomas Youn
Start Date
Tenure
Tenure Rank
Jun 29, 2021
0.92
0.9%
Thomas Youn, Portfolio Manager and Senior Corporate Analyst, has served on teams managing fixed-income investments for American Century Investments since joining in 2014. Prior to joining American Century Investments, he was a credit research analyst with Lord, Abbett & Co., LLC. He has a bachelor’s degree in biology from Brown University and an MBA from The University of Chicago Booth School of Business.
Rajat Ahuja
Start Date
Tenure
Tenure Rank
Dec 31, 2021
0.41
0.4%
Rajat Ahuja is a Macro Research Analyst on the North American Fixed Income team focused primarily on Emerging Markets. Rajat joined Aberdeen in May 2013 following the acquisition of Artio Global Management. From 2007-2013, he held a role of Portfolio Analyst with Artio Global Management’s Fixed Income Group. Prior to that, he was a Trading Assistant at Nomura Securities. Previously, he was a Portfolio Assistant and Pricing Analyst at Alliance Bernstein. Rajat graduated with a BS from Purdue University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 23.87 | 6.36 | 6.11 |