YTD TOTAL RETURN
-0.18%
NAV
As of 01/20/2026
-0.17%
MARKET PRICE
EXPENSE RATIO
--
NET
As of 1/1/2026
0.29%
GROSS
NAV
$47.20
Prices as of 01/20/2026
MARKET PRICE
$47.17
MORNINGSTAR OVERALL RATING
As of 12/31/2025 for Corporate Bond category
Based on risk-adjusted return out of 161 funds.
YTD TOTAL RETURN As of 01/20/2026 NAV Market Price | -0.18% -0.17% | |
EXPENSE RATIO As of 1/1/2026 Net Gross | -- 0.29% | |
NAV Prices as of 01/20/2026 | $47.20 -0.45% (-$0.21) | |
Market Price | $47.17 -0.53% (-$0.25) | |
| Morningstar Overall Rating | ||
| As of 12/31/2025 for Corporate Bond category Based on risk-adjusted return out of 161 funds. | ||
Seeks enhanced returns and current income by emphasizing intermediate-term, investment-grade bonds while dynamically allocating up to 35% of the portfolio to high yield. Top-down analysis determines the allocation to high yield, while fundamental research drives security selection as well as sector, industry and duration exposures.
Key Facts
Investment Objective | Seeks to provide current income |
Inception Date | 01/11/2018 |
Morningstar Category | Corporate Bond |
Benchmark Ticker | LUACTRUU |
Total Assets | $674,972,479 As of 01/20/2026 |
Shares Outstanding | 14,300,000.00 As of 01/20/2026 |
Total Holdings | 335 As of 11/30/2025 |
Distribution Frequency | Monthly (Non-Daily Accrual) |
Morningstar Overall Rating Based on risk-adjusted return | Out of 161 funds. Corporate Bond category As of 12/31/2025 |
Fees
| Gross Expense Ratio | 0.29% |
Trading Information
| Ticker | KORP |
| CUSIP | 025072109 |
| ISIN | US0250721091 |
| SEDOL | BF2XLW0 |
| Exchange | NYSE Arca |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
Fees
| Gross Expense Ratio | 0.29% |
Trading Information
| Ticker | KORP |
| CUSIP | 025072109 |
| ISIN | US0250721091 |
| SEDOL | BF2XLW0 |
| Exchange | NYSE Arca |
Why Active ETFs May Make Sense in Today's Bond Market
Unlike index investing, read why we believe active managers can explore various opportunities and adjust exposures through active fixed-income ETFs.
As of 01/20/2026
Daily Market Prices
| Closing Price | $47.17 |
| Bid Ask Midpoint | $47.18 |
| Day High Price | $47.26 |
| Day Low Price | $47.17 |
| Bid Ask Spread | 0.04% |
| 30-Day Median Bid Ask Spread | 0.04% |
52-Week Range
| 52-Week High | $48.16 |
| 52-Week Low | $44.81 |
| Days > +/- 0.5% of NAV | 0 |
| Percent > +/- 0.5% of NAV | 0% |
| Days at Premium | 14 |
| Days at NAV | 14 |
| Days at Discount | 36 |
| Greatest Premium | 0.13% |
| Greatest Discount | -0.17% |
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that the investor's shares, when redeemed, may be worth more or less than the original cost. Returns less than one year are not annualized. Net asset value (NAV) prices are used to calculate market price performance prior to the date when the fund first traded on an exchange. Effective July 1, 2025, market performance is determined using the official closing price as reported by the ETF's primary exchange. Prior to July 1, 2025, market performance was determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
Average annual returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
30-Day SEC Unsubsidized Yield
4.92%
As of 12/31/2025
12 Month Distribution Rate
4.98%
As of 12/31/2025
YIELD TO WORST
5.35%
As of 12/31/2025
YIELD TO MATURITY
5.82%
As of 12/31/2025
30-Day SEC Unsubsidized Yield: Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.
12 Month Distribution Rate: The sum of a fund's total trailing 12-month interest and dividend payments divided by the most recent day's ending share price (NAV).
Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.
Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows.
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
FREQUENCY
Monthly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/16/2025 | $0.2368 | $0.2368 | $47.13 |
| 12/01/2025 | $0.1801 | $0.1801 | $47.42 |
| 11/03/2025 | $0.1967 | $0.1967 | $47.40 |
| 10/01/2025 | $0.2018 | $0.2018 | $47.56 |
| 09/02/2025 | $0.1819 | $0.1819 | $46.83 |
| 08/01/2025 | $0.213 | $0.213 | $47.00 |
| 07/01/2025 | $0.1912 | $0.1912 | $46.90 |
| 06/02/2025 | $0.1909 | $0.1909 | $45.95 |
| 05/01/2025 | $0.1906 | $0.1906 | $46.13 |
| 04/01/2025 | $0.1889 | $0.1889 | $46.63 |
| 03/03/2025 | $0.1995 | $0.1995 | $46.97 |
| 02/03/2025 | $0.1839 | $0.1839 | $46.06 |
| Overall | Out of 161 funds. Corporate Bond category |
| 3 Year | Out of 161 funds |
| 5 Year | Out of 151 funds |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Weighted Average Coupon | 5.47% As of 12/31/2025 |
| Option Adjusted Duration | 6.63 Years As of 12/31/2025 |
| Option Adjusted Spread | 127.80 As of 11/30/2025 |
| Holdings | 335 As of 11/30/2025 |
As of 12/31/2025
| Investment-Grade Corporate | 64% |
| Non-US Investment Grade Corporate | 14% |
| High-Yield Corporate | 14% |
| Non-US High Yield Corporate | 3% |
| Emerging Market Debt | 3% |
| Cash/Currency | 2% |
| US Government | 1% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 01/20/2026
| US ULTRA BOND CBT MAR26 XCBT 20260320 | 9.31% |
| SSC GOVERNMENT MM GVMXX | 3.00% |
| WELLS FARGO + COMPANY SR UNSECURED 10/34 VAR | 1.10% |
| DUKE ENERGY PROGRESS LLC 1ST MORTGAGE 03/53 5.35 | 1.05% |
| MIDAMERICAN ENERGY CO 1ST MORTGAGE 09/54 5.85 | 0.92% |
| MORGAN STANLEY SR UNSECURED 10/30 VAR | 0.83% |
| ELECTRICITE DE FRANCE SA SR UNSECURED 144A 01/39 6.95 | 0.77% |
| ANHEUSER BUSCH INBEV WOR COMPANY GUAR 01/39 5.45 | 0.75% |
| MORGAN STANLEY PVT BANK SR UNSECURED 11/31 VAR | 0.74% |
| BANK OF MONTREAL SR UNSECURED 12/27 VAR | 0.74% |
| % of Top Portfolio Holdings | 19.21% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital
stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period
end.
As of 12/31/2025
| U.S. Government | 0.62% |
| AA | 2.49% |
| A | 22.43% |
| BBB | 54.16% |
| BB | 15.40% |
| B | 2.24% |
| CCC | 0.29% |
| CC | 0.15% |
| Cash and Cash Equivalents | 2.22% |
Due to rounding, these values may exceed 100%
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 12/31/2025
| 0 - 1 Years | 10.35% |
| 1 - 3 Years | 8.90% |
| 3 - 5 Years | 17.07% |
| 5 - 10 Years | 33.82% |
| 10 - 20 Years | 12.61% |
| 20 - 30 Years | 10.12% |
| 30+ Years | 7.14% |
Due to rounding, these values may exceed 100%
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
13.44 Years Weighted Average Life to Maturity
As of 12/31/2025
As of 12/31/2025
| 0 - 2 Years | 19.39% |
| 2 - 4 Years | 23.08% |
| 4 - 6 Years | 23.41% |
| 6 - 8 Years | 19.39% |
| 8 - 10 Years | 3.82% |
| 10 - 15 Years | 10.90% |
Due to rounding, these values may exceed 100%
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
6.63 Years Average Effective Duration
Additional Resources
How to Buy
Individual investors: Open a new brokerage account or use an existing brokerage account.
Open New Brokerage Account Log In NowFinancial Advisors: Contact your wholesaler at 1-800-345-6488 for more information.
Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
This fund is an actively managed 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. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Brokerage Services are provided by American Century Brokerage, a division of American Century Investment Services, Inc., registered broker/dealer, member FINRA, SIPC .
Consists of publicly issued U.S. corporate and specified foreign debentures that are registered with the Securities and Exchange Commission and meet specific maturity, liquidity, and quality requirements.
Source: Bloomberg Index Services Ltd
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Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.