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American Century Diversified Corporate Bond ETF
Active ETF
KORP
Payout Change
Pending
Price as of:
$46.08
+0.13
+0.29%
primary theme
Corporate Bond
KORP (ETF)
American Century Diversified Corporate Bond ETF
Payout Change
Pending
Price as of:
$46.08
+0.13
+0.29%
primary theme
Corporate Bond
KORP (ETF)
American Century Diversified Corporate Bond ETF
Payout Change
Pending
Price as of:
$46.08
+0.13
+0.29%
primary theme
Corporate Bond
Name
As of 01/24/2025Price
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
0.3%
1 yr return
4.5%
3 Yr Avg Return
0.7%
5 Yr Avg Return
1.2%
Net Assets
$384 M
Holdings in Top 10
15.8%
52 WEEK LOW AND HIGH
$45.9
$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 01/24/2025Price
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
KORP - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.77%
- Dividend Yield 5.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Century Diversified Corporate Bond ETF
-
Fund Family NameAmerican Century Investments
-
Inception DateJan 11, 2018
-
Shares Outstanding3100000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGavin Fleischman
Fund Description
div style="margin-bottom:3pt;margin-top:3pt"span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"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. /span/divdiv style="margin-bottom:3pt;margin-top:3pt"span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"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”)./span/divdiv style="margin-bottom:3pt;margin-top:3pt"span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"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./span/divdiv style="margin-top:3pt"span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"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./span/divdiv style="margin-top:3pt"span style="-sec-ix-redline:true;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. When deciding whether to buy or sell a security, and how and when to implement a trade, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. They may also consider the expected implementation costs and tax consequences of the trade in an attempt to gain trading efficiencies, avoid unnecessary risk, minimize tax impact, and/or enhance fund performance./span/div
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KORP - Performance
Return Ranking - Trailing
| Period | KORP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -0.4% | 1.2% | 24.40% |
| 1 Yr | 4.5% | -0.5% | 8.1% | 17.86% |
| 3 Yr | 0.7%* | -7.2% | 41.7% | 7.19% |
| 5 Yr | 1.2%* | -7.1% | 24.6% | 9.94% |
| 10 Yr | N/A* | -0.4% | 14.1% | 18.33% |
* Annualized
Return Ranking - Calendar
| Period | KORP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | -1.3% | -8.1% | 3.0% | 32.14% |
| 2023 | 2.7% | -5.6% | 6.3% | 89.88% |
| 2022 | -12.5% | -28.7% | 142.1% | 8.38% |
| 2021 | -2.4% | -12.3% | 4.9% | 4.27% |
| 2020 | 3.5% | -8.0% | 9.0% | 91.30% |
Total Return Ranking - Trailing
| Period | KORP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -0.4% | 1.2% | 24.40% |
| 1 Yr | 4.5% | -0.5% | 8.1% | 17.86% |
| 3 Yr | 0.7%* | -7.2% | 41.7% | 7.19% |
| 5 Yr | 1.2%* | -7.1% | 24.6% | 9.94% |
| 10 Yr | N/A* | -0.4% | 14.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | KORP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 3.8% | -2.7% | 7.3% | 16.07% |
| 2023 | 7.4% | -5.6% | 12.9% | 85.12% |
| 2022 | -10.0% | -25.6% | 151.8% | 8.38% |
| 2021 | -0.6% | -5.1% | 7.5% | 40.85% |
| 2020 | 7.0% | -8.0% | 116.0% | 91.93% |
KORP - Holdings
Concentration Analysis
| KORP | Category Low | Category High | KORP % Rank | |
|---|---|---|---|---|
| Net Assets | 384 M | 23.9 M | 47.3 B | 69.64% |
| Number of Holdings | 237 | 4 | 10364 | 88.69% |
| Net Assets in Top 10 | 46.6 M | -29.6 M | 3.03 B | 71.43% |
| Weighting of Top 10 | 15.78% | 1.7% | 143.5% | 40.48% |
Top 10 Holdings
- State Street Institutional US Government Money Market Fund 3.31%
- Citigroup Inc 6.27 11/17/2033 2.27%
- Wells Fargo Co 5.39 04/24/2034 1.85%
- Morgan Stanley 6.63 11/01/2034 1.41%
- Fifth Third Bancorp 8.25 03/01/2038 1.34%
- JPMorgan Chase Co 5.29 07/22/2035 1.31%
- Truist Financial Corp 6.12 10/28/2033 1.12%
- Goldman Sachs Group Inc/The 5.85 04/25/2035 1.06%
- CVS Health Corp 5.55 06/01/2031 1.05%
- 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% | 77.98% |
| Convertible Bonds | 6.63% | 0.00% | 78.47% | 21.43% |
| Cash | 4.65% | -43.80% | 46.48% | 33.33% |
| Preferred Stocks | 1.08% | 0.00% | 9.18% | 11.90% |
| Stocks | 0.00% | 0.00% | 99.98% | 27.98% |
| Other | -0.06% | -5.08% | 12.23% | 91.67% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | KORP % Rank | |
|---|---|---|---|---|
| Corporate | 82.01% | 41.80% | 99.52% | 69.05% |
| Government | 11.51% | 0.00% | 25.63% | 20.83% |
| Cash & Equivalents | 4.14% | 0.00% | 46.48% | 33.93% |
| Securitized | 0.44% | 0.00% | 23.18% | 61.90% |
| Municipal | 0.27% | 0.00% | 3.37% | 49.40% |
| Derivative | -0.06% | -2.44% | 2.14% | 75.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | KORP % Rank | |
|---|---|---|---|---|
| US | 94.32% | 0.00% | 112.17% | 69.64% |
| Non US | 0.00% | 0.00% | 47.05% | 33.93% |
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% | 84.24% |
| Management Fee | 0.29% | 0.00% | 1.35% | 32.74% |
| 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% | 97.59% |
KORP - Distributions
Dividend Yield Analysis
| KORP | Category Low | Category High | KORP % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.83% | 0.00% | 6.00% | 17.86% |
Dividend Distribution Analysis
| KORP | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| KORP | Category Low | Category High | KORP % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.77% | 0.38% | 5.93% | 74.70% |
Capital Gain Distribution Analysis
| KORP | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2024 | $0.224 | OrdinaryDividend |
| Dec 02, 2024 | $0.176 | OrdinaryDividend |
| Nov 01, 2024 | $0.201 | OrdinaryDividend |
| Oct 01, 2024 | $0.185 | OrdinaryDividend |
| Sep 03, 2024 | $0.187 | OrdinaryDividend |
| Aug 01, 2024 | $0.212 | OrdinaryDividend |
| Jul 01, 2024 | $0.188 | OrdinaryDividend |
| Jun 03, 2024 | $0.199 | OrdinaryDividend |
| May 01, 2024 | $0.214 | OrdinaryDividend |
| Apr 01, 2024 | $0.177 | OrdinaryDividend |
| Mar 01, 2024 | $0.191 | OrdinaryDividend |
| Feb 01, 2024 | $0.183 | OrdinaryDividend |
| Dec 18, 2023 | $0.202 | OrdinaryDividend |
| Dec 01, 2023 | $0.180 | OrdinaryDividend |
| Nov 01, 2023 | $0.196 | OrdinaryDividend |
| Oct 02, 2023 | $0.183 | OrdinaryDividend |
| Sep 01, 2023 | $0.176 | OrdinaryDividend |
| Aug 01, 2023 | $0.156 | OrdinaryDividend |
| Jul 03, 2023 | $0.168 | OrdinaryDividend |
| Jun 01, 2023 | $0.174 | OrdinaryDividend |
| May 01, 2023 | $0.154 | OrdinaryDividend |
| Apr 03, 2023 | $0.165 | OrdinaryDividend |
| Mar 01, 2023 | $0.155 | OrdinaryDividend |
| Feb 01, 2023 | $0.150 | OrdinaryDividend |
| Dec 15, 2022 | $0.157 | OrdinaryDividend |
| Dec 01, 2022 | $0.150 | OrdinaryDividend |
| Nov 01, 2022 | $0.123 | OrdinaryDividend |
| Oct 03, 2022 | $0.123 | OrdinaryDividend |
| Sep 01, 2022 | $0.120 | OrdinaryDividend |
| Aug 01, 2022 | $0.104 | OrdinaryDividend |
| Jul 01, 2022 | $0.101 | OrdinaryDividend |
| Jun 01, 2022 | $0.102 | OrdinaryDividend |
| May 02, 2022 | $0.088 | OrdinaryDividend |
| Apr 01, 2022 | $0.082 | OrdinaryDividend |
| Mar 01, 2022 | $0.089 | OrdinaryDividend |
| Feb 01, 2022 | $0.069 | OrdinaryDividend |
| Dec 16, 2021 | $0.068 | OrdinaryDividend |
| Dec 01, 2021 | $0.068 | OrdinaryDividend |
| Nov 01, 2021 | $0.067 | OrdinaryDividend |
| Oct 01, 2021 | $0.070 | OrdinaryDividend |
| Sep 01, 2021 | $0.069 | OrdinaryDividend |
| Aug 02, 2021 | $0.068 | OrdinaryDividend |
| Jul 01, 2021 | $0.063 | OrdinaryDividend |
| Jun 01, 2021 | $0.071 | OrdinaryDividend |
| May 03, 2021 | $0.080 | OrdinaryDividend |
| Apr 01, 2021 | $0.112 | OrdinaryDividend |
| Mar 01, 2021 | $0.122 | OrdinaryDividend |
| Feb 01, 2021 | $0.107 | OrdinaryDividend |
| Dec 17, 2020 | $0.402 | OrdinaryDividend |
| Dec 01, 2020 | $0.176 | OrdinaryDividend |
| Nov 02, 2020 | $0.178 | OrdinaryDividend |
| Oct 01, 2020 | $0.146 | OrdinaryDividend |
| Sep 01, 2020 | $0.092 | OrdinaryDividend |
| Aug 03, 2020 | $0.094 | OrdinaryDividend |
| Jul 01, 2020 | $0.102 | OrdinaryDividend |
| Jun 01, 2020 | $0.087 | OrdinaryDividend |
| May 01, 2020 | $0.097 | OrdinaryDividend |
| Apr 01, 2020 | $0.111 | OrdinaryDividend |
| Mar 02, 2020 | $0.112 | OrdinaryDividend |
| Feb 03, 2020 | $0.114 | OrdinaryDividend |
| Dec 23, 2019 | $0.141 | OrdinaryDividend |
| Dec 02, 2019 | $0.145 | OrdinaryDividend |
| Nov 01, 2019 | $0.145 | OrdinaryDividend |
| Oct 01, 2019 | $0.127 | OrdinaryDividend |
| Sep 03, 2019 | $0.124 | OrdinaryDividend |
| Aug 01, 2019 | $0.137 | OrdinaryDividend |
| Jul 01, 2019 | $0.107 | OrdinaryDividend |
| Jun 03, 2019 | $0.122 | OrdinaryDividend |
| May 01, 2019 | $0.145 | OrdinaryDividend |
| Apr 01, 2019 | $0.130 | OrdinaryDividend |
| Mar 01, 2019 | $0.144 | OrdinaryDividend |
| Feb 01, 2019 | $0.144 | OrdinaryDividend |
| Dec 21, 2018 | $0.137 | OrdinaryDividend |
| Dec 03, 2018 | $0.138 | OrdinaryDividend |
| Nov 01, 2018 | $0.147 | OrdinaryDividend |
| Oct 01, 2018 | $0.054 | OrdinaryDividend |
| Sep 04, 2018 | $0.133 | OrdinaryDividend |
| Aug 01, 2018 | $0.130 | OrdinaryDividend |
| Jul 02, 2018 | $0.122 | OrdinaryDividend |
| Jun 01, 2018 | $0.127 | OrdinaryDividend |
| May 01, 2018 | $0.138 | OrdinaryDividend |
| Apr 02, 2018 | $0.120 | OrdinaryDividend |
| Mar 01, 2018 | $0.185 | OrdinaryDividend |
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 | 6.74 | 2.47 |
