American Century Multisector Floating Income ETF
Name
As of 10/22/2024Price
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
5.4%
1 yr return
6.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$20.3 M
Holdings in Top 10
30.8%
52 WEEK LOW AND HIGH
$50.9
$50.41
$51.16
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 10/22/2024Price
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
FUSI - Profile
Distributions
- YTD Total Return 5.4%
- 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
- Dividend Yield 5.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Century Multisector Floating Income ETF
-
Fund Family NameAmerican Century Investments
-
Inception DateMar 16, 2023
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
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.
FUSI - Performance
Return Ranking - Trailing
Period | FUSI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.4% | N/A | N/A | N/A |
1 Yr | 6.8% | 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 | 5.4% | N/A | N/A | N/A |
1 Yr | 6.8% | 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 | 101 | N/A | N/A | N/A |
Net Assets in Top 10 | 6.25 M | N/A | N/A | N/A |
Weighting of Top 10 | 30.79% | N/A | N/A | N/A |
Top 10 Holdings
- State Street Institutional US Government Money Market Fund 7.72%
- United States Treasury Floating Rate Note 5.52 01/31/2025 4.93%
- United States Treasury Floating Rate Note 5.46 10/31/2024 4.93%
- Ford Credit Auto Owner Trust 2024-A 5.68 2.47%
- Freddie Mac REMICS 5.84 2.29%
- Madison Park Funding XXIV Ltd 0.00 1.97%
- Chesapeake Funding II LLC 6.09 1.95%
- Bean Creek CLO Ltd 6.61 1.56%
- Westlake Automobile Receivables Trust 2023-4 6.23 1.48%
- Ares XLIII CLO Ltd 6.75 1.48%
Asset Allocation
Weighting | Return Low | Return High | FUSI % Rank | |
---|---|---|---|---|
Bonds | 96.31% | N/A | N/A | N/A |
Cash | 7.72% | N/A | N/A | N/A |
Other | 0.00% | 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 | 7.72% | N/A | N/A | N/A |
Derivative | 0.00% | 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 | 96.31% | 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 | 5.69% | 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
Date | Amount | Type |
---|---|---|
Oct 01, 2024 | $0.242 | OrdinaryDividend |
Sep 03, 2024 | $0.271 | OrdinaryDividend |
Aug 01, 2024 | $0.279 | OrdinaryDividend |
Jul 01, 2024 | $0.212 | OrdinaryDividend |
Jun 03, 2024 | $0.262 | OrdinaryDividend |
May 01, 2024 | $0.288 | OrdinaryDividend |
Apr 01, 2024 | $0.237 | OrdinaryDividend |
Mar 01, 2024 | $0.245 | OrdinaryDividend |
Feb 01, 2024 | $0.223 | OrdinaryDividend |
Dec 18, 2023 | $0.292 | OrdinaryDividend |
Dec 01, 2023 | $0.273 | OrdinaryDividend |
Nov 01, 2023 | $0.279 | OrdinaryDividend |
Oct 02, 2023 | $0.298 | OrdinaryDividend |
Sep 01, 2023 | $0.264 | OrdinaryDividend |
Aug 01, 2023 | $0.244 | OrdinaryDividend |
Jul 03, 2023 | $0.231 | OrdinaryDividend |
Jun 01, 2023 | $0.281 | OrdinaryDividend |
May 01, 2023 | $0.352 | OrdinaryDividend |