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ETFs

American Century Select High Yield ETF

AHYB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 16 2021
Expense Ratio
0.45%
Type
Global Bonds
Fund Owner
American Century Investments
Volume (1m avg. daily)
$21,140
AUM
$30,572,845
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SSC GOVERNMENT MM GVMXX
3.76%
F/25A
Ford Motor Credit Company LLC - 4.134% NT REDEEM 04/08/2025 USD 200000
0.63%
DSCW5593484
OLYMPUS WTR US HLDG CORP SR SECURED 144A 11/28 9.75
0.62%
F/29
Ford Motor Credit Company LLC - 5.113% NT REDEEM 03/05/2029 USD 200000
0.61%
n/a
Virgin Media 5.5 % Notes 2019-15.05.29 Secured -144A-
0.60%
CCL5129977
CARNIVAL CORP COMPANY GUAR 144A 03/27 5.75
0.59%
FMYE
Ford Motor Cred 3.815 % Notes 2017-02.11.27 Global
0.59%
TDG27
TransDigm Inc. - 5.50% NT REDEEM 15/11/2027 USD
0.58%
n/a
CSC Holdings 6.5 % Notes 2019-01.02.29 -144A-
0.55%
n/a
Staples 7.5 % Notes 2019-15.04.26 Secured 1st Lien -144A-
0.50%
Invest with AHYB

What is AHYB?

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 high-yield debt securities. A high-yield security is one that has been rated below the four highest categories used by a nationally recognized statistical rating organization (for example, below BBB by Standard & Poor s Corporation or below Baa by Moody s Investors Service, Inc.), or, if unrated, determined by the investment advisor to be of similar quality. High-yield securities are also referred to as junk bonds.

ETFs related toAHYB

ETFs correlated to AHYB include HYLB, JNK, HYG

AHYB
American Century ETF Trust - American Century Select High Yield ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAHYB

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with AHYB using Composer

FAQ

AHYB is a Global Bonds ETF. 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 high-yield debt securities. A high-yield security is one that has been rated below the four highest categories used by a nationally recognized statistical rating organization (for example, below BBB by Standard & Poor s Corporation or below Baa by Moody s Investors Service, Inc.), or, if unrated, determined by the investment advisor to be of similar quality. High-yield securities are also referred to as junk bonds.

Yes, AHYB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AHYB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AHYB is 0.0002%. This is the percent change in the value of AHYB over the most recent 1-month period. The 3-month return on AHYB is 0.0116%. This is the percent change in the value of AHYB over the most recent 3-month period.

The standard deviation of AHYB for the past year is 0.0907%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AHYB include IGSB, SPIB, and VCIT.

ETFs correlated to AHYB include HYLB, JNK, and HYG.

ETFs that are inversely correlated to AHYB include SJB, HIBS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.