YTD TOTAL RETURN
0.47%
NAV
As of 01/27/2026
0.41%
MARKET PRICE
EXPENSE RATIO
--
NET
As of 1/1/2026
0.45%
GROSS
NAV
$46.89
Prices as of 01/27/2026
MARKET PRICE
$46.95
YTD TOTAL RETURN As of 01/27/2026 NAV Market Price | 0.47% 0.41% |
EXPENSE RATIO As of 1/1/2026 Net Gross | -- 0.45% |
NAV Prices as of 01/27/2026 | $46.89 -0.03% (-$0.02) |
Market Price | $46.95 0.09% ($0.04) |
Seeks to provide high current income and strong risk-adjusted returns by emphasizing bonds with the highest ratings within the high-yield category (those rated BB and B). This approach offers the potential for lower volatility and default risk coupled with more attractive risk-adjusted returns than traditional high yield.
Key Facts
Investment Objective | Seeks to provide high current income |
Inception Date | 11/16/2021 |
Morningstar Category | High Yield Bond |
Benchmark | ICE BofA US High Yield Constrained (BB-B) IndexA |
Benchmark Ticker | HUC4 |
Total Assets | $58,613,076 As of 01/27/2026 |
Shares Outstanding | 1,250,000.00 As of 01/27/2026 |
Total Holdings | 541 As of 11/30/2025 |
Distribution Frequency | Monthly (Non-Daily Accrual) |
Fees
| Gross Expense Ratio | 0.45% |
Trading Information
| Ticker | AHYB |
| CUSIP | 025072331 |
| ISIN | US0250723311 |
| SEDOL | BMW6SC7 |
| Exchange | NYSE Arca |
Fees
| Gross Expense Ratio | 0.45% |
Trading Information
| Ticker | AHYB |
| CUSIP | 025072331 |
| ISIN | US0250723311 |
| SEDOL | BMW6SC7 |
| Exchange | NYSE Arca |
Fixed-Income Capabilities
Learn more about our full lineup of bond funds that pursue conviction-driven outperformance.
As of 01/27/2026
Daily Market Prices
| Closing Price | $46.95 |
| Bid Ask Midpoint | $46.94 |
| Day High Price | $46.95 |
| Day Low Price | $46.91 |
| Bid Ask Spread | 0.09% |
| 30-Day Median Bid Ask Spread | 0.06% |
52-Week Range
| 52-Week High | $47.06 |
| 52-Week Low | $43.55 |
| Days > +/- 0.5% of NAV | 0 |
| Percent > +/- 0.5% of NAV | 0% |
| Days at Premium | 53 |
| Days at NAV | 0 |
| Days at Discount | 11 |
| Greatest Premium | 0.32% |
| Greatest Discount | -0.15% |
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
5.44%
As of 12/31/2025
12 Month Distribution Rate
5.81%
As of 12/31/2025
YIELD TO WORST
5.62%
As of 12/31/2025
YIELD TO MATURITY
6.20%
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 | $0.2661 | $0.2661 | $46.38 |
| 12/01/2025 | $0.2061 | $0.2061 | $46.57 |
| 11/03/2025 | $0.2328 | $0.2328 | $46.44 |
| 10/01/2025 | $0.2343 | $0.2343 | $46.65 |
| 09/02/2025 | $0.1957 | $0.1957 | $46.40 |
| 08/01/2025 | $0.2444 | $0.2444 | $46.12 |
| 07/01/2025 | $0.2242 | $0.2242 | $46.33 |
| 06/02/2025 | $0.2107 | $0.2107 | $45.75 |
| 05/01/2025 | $0.2432 | $0.2432 | $45.33 |
| 04/01/2025 | $0.2148 | $0.2148 | $45.53 |
| 03/03/2025 | $0.2264 | $0.2264 | $45.98 |
| 02/03/2025 | $0.2113 | $0.2113 | $45.86 |
| Weighted Average Coupon | 6.12% As of 12/31/2025 |
| Option Adjusted Duration | 2.73 Years As of 12/31/2025 |
| Option Adjusted Spread | 205.22 As of 11/30/2025 |
| Holdings | 541 As of 11/30/2025 |
As of 12/31/2025
| Credit | 95% |
| Cash & Cash Equivalents | 5% |
| Emerging Markets | 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 01/27/2026
| SSC GOVERNMENT MM GVMXX | 3.08% |
| COREWEAVE INC COMPANY GUAR 144A 06/30 9.25 | 0.55% |
| STANDARD INDUSTRI INC/NY SR UNSECURED 144A 07/30 4.375 | 0.49% |
| TRANSDIGM INC COMPANY GUAR 144A 05/33 6.375 | 0.48% |
| BATH + BODY WORKS INC COMPANY GUAR 144A 10/30 6.625 | 0.44% |
| VENTURE GLOBAL PLAQUE SR SECURED 144A 05/35 7.75 | 0.43% |
| VIRGIN MEDIA SECURED FIN SR SECURED 144A 05/29 5.5 | 0.42% |
| NOVELIS CORP COMPANY GUAR 144A 01/30 4.75 | 0.41% |
| CAESARS ENTERTAIN INC COMPANY GUAR 144A 10/29 4.625 | 0.41% |
| GOODYEAR TIRE + RUBBER COMPANY GUAR 07/31 5.25 | 0.41% |
| % of Top Portfolio Holdings | 7.12% |
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 | 0.14% |
| BBB | 3.10% |
| BB | 54.78% |
| B | 33.38% |
| CCC | 4.01% |
| CC | 0.09% |
| Non Rated | 0.02% |
| Cash and Cash Equivalents | 4.50% |
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
| [N/A] Years | 0.02% |
| 0 - 1 Years | 25.07% |
| 1 - 3 Years | 6.53% |
| 3 - 5 Years | 28.62% |
| 5 - 10 Years | 37.53% |
| 10 - 20 Years | 1.71% |
| 20 - 30 Years | 0.30% |
| 30+ Years | 0.23% |
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.
4.67 Years Weighted Average Life to Maturity
As of 12/31/2025
As of 12/31/2025
| [N/A] Years | 0.02% |
| 0 - 2 Years | 35.38% |
| 2 - 4 Years | 39.99% |
| 4 - 6 Years | 20.28% |
| 6 - 8 Years | 3.40% |
| 8 - 10 Years | 0.26% |
| 10 - 15 Years | 0.69% |
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.
2.73 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.
Generally, as interest rates rise, the value of the bonds held in the fund will decline. The opposite is true when interest rates decline.
The lower rated securities in which the fund invests are subject to greater credit risk, default risk and liquidity risk.
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 .
The ICE BofA BB-B US High Yield Constrained Index is composed of U.S. dollar-denominated corporate debt publicly issued in the U.S. market rated BB through B, based on an average of Moody's, S&P and Fitch ratings, with issuer exposure capped at 2%.
Nomura Corporate Research and Asset Management (NCRAM) is affiliated with American Century Investments. NCRAM is not affiliated with Foreside Fund Services, LLC.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.