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Trending ETFs

Name

As of 07/12/2024

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

$50.84

$20.3 M

5.00%

$2.54

0.28%

Vitals

YTD Return

3.5%

1 yr return

7.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$20.3 M

Holdings in Top 10

39.4%

52 WEEK LOW AND HIGH

$50.8
$50.41
$50.98

Expenses

OPERATING FEES

Expense Ratio 0.28%

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 07/12/2024

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

$50.84

$20.3 M

5.00%

$2.54

0.28%

FUSI - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century Multisector Floating Income ETF
  • Fund Family Name
    American Century Investments
  • Inception Date
    Mar 16, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

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 floating rate securities. The portfolio managers select securities using a sector rotation approach that integrates macroeconomic inputs, technical analysis of the relative value among various sectors, and fundamental research on individual securities. A proprietary macroeconomic framework provides interest rate and duration guidelines for the fund by analyzing economic activity, inflation, and monetary policy. The fund’s sector allocation process attempts to identify undervalued sectors of the floating rate debt market using fundamental analysis of current and historical spreads and expected returns. The sector analysis combined with the macroeconomic framework determines the fund’s sector allocations. Next, portfolio managers select individual securities using in-depth fundamental analysis focusing on a security’s management, credit quality metrics, event risk, and capital structure. As the market environment and investment opportunities change, sector exposures shift to those sectors that the process identifies as offering better relative yield and capital appreciation potential. As sector allocations evolve, portfolio managers buy and sell securities to meet those allocations and the fund’s credit quality standards.
The fund invests principally in securitized credit instruments, including collateralized loan obligations, credit risk transfer securities, floating rate commercial mortgage securities, and mortgage- or asset-backed securities. The fund may also invest in bank loans, including loan participations, and other corporate and U.S. government related floating rate debt. The fund’s average duration will be less than one year. Duration is an indication of the relative sensitivity of a security’s market value to changes in interest rates.
The fund invests primarily in investment-grade securities but may invest up to 35% of its portfolio in below investment grade 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. Below investment grade 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 may indirectly gain exposure through its investments in CLOs to covenant-lite loans.
The fund may also utilize derivative instruments including futures contracts and credit default swaps either on a single issuer or a securities index. 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.
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FUSI - Performance

Return Ranking - Trailing

Period FUSI Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% N/A N/A N/A
1 Yr 7.1% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FUSI Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FUSI Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% N/A N/A N/A
1 Yr 7.1% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FUSI Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

FUSI - Holdings

Concentration Analysis

FUSI Category Low Category High FUSI % Rank
Net Assets 20.3 M N/A N/A N/A
Number of Holdings 86 N/A N/A N/A
Net Assets in Top 10 8 M N/A N/A N/A
Weighting of Top 10 39.43% N/A N/A N/A

Top 10 Holdings

  1. United States Treasury Note/Bond 5.00 10/31/2025 9.89%
  2. United States Treasury Floating Rate Note 5.53 01/31/2025 4.93%
  3. United States Treasury Floating Rate Note 5.47 10/31/2024 4.93%
  4. United States Treasury Floating Rate Note 5.50 10/31/2025 4.93%
  5. United States Treasury Bill 0.00 02/20/2025 3.76%
  6. Citibank Credit Card Issuance Trust 6.05 2.96%
  7. State Street Institutional US Government Money Market Fund 2.75%
  8. Freddie Mac REMICS 5.84 2.34%
  9. BFLD 2019-DPLO 6.52 1.48%
  10. BX Trust 2018-GW 6.43 1.47%

Asset Allocation

Weighting Return Low Return High FUSI % Rank
Bonds
96.76% N/A N/A N/A
Cash
3.24% N/A N/A N/A
Other
0.01% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High FUSI % Rank
Cash & Equivalents
2.75% N/A N/A N/A
Derivative
0.01% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High FUSI % Rank
US
96.76% N/A N/A N/A
Non US
0.00% N/A N/A N/A

FUSI - Expenses

Operational Fees

FUSI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% N/A N/A N/A
Management Fee 0.27% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FUSI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

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

FUSI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FUSI - Distributions

Dividend Yield Analysis

FUSI Category Low Category High FUSI % Rank
Dividend Yield 5.00% N/A N/A N/A

Dividend Distribution Analysis

FUSI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

FUSI Category Low Category High FUSI % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FUSI Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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FUSI - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A