KORP

American Century Diversified Corporate Bond ETF

$46.47

+0.00%

Market closed. Last update: 2:14 AM ET

📎 Investment Objective

The American Century Diversified Corporate Bond ETF (KORP) seeks to provide current income by investing primarily in a diversified portfolio of investment-grade corporate bonds.

Overview

ETF tracking American Century Diversified Corporate Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2018-01-16

Market Cap $743.5M

Average Volume N/A

Dividend Yield 4.29%

52-Week Range $45.37 - $48.16

VWAP $46.57

Performance

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Investment Summary

📎 Investment Objective

The American Century Diversified Corporate Bond ETF (KORP) seeks to provide current income by investing primarily in a diversified portfolio of investment-grade corporate bonds.

🎯 Investment Strategy

The fund aims to achieve its objective by investing at least 80% of its net assets in investment-grade corporate bonds. The portfolio is actively managed, with the portfolio managers seeking to identify corporate bonds that offer attractive yields while managing interest rate and credit risks.

✨ Key Features

Diversified portfolio of investment-grade corporate bonds
Active management approach to bond selection and risk management
Seeks to provide current income as the primary investment objective
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's investments may decline when interest rates rise
Credit risk: The risk that the issuer of a bond may default on its obligations
Liquidity risk: The risk that the fund may have difficulty selling certain securities at an advantageous time or price
Active management risk: The risk that the portfolio manager's investment decisions may not produce the desired results

👤 Best For

This ETF may be suitable for investors seeking current income and exposure to investment-grade corporate bonds as part of a diversified fixed-income allocation. It may be particularly attractive for investors who prefer a low-cost, actively managed approach to corporate bond investing.