American Century Short Duration Strategic Income ETF

Frequently Asked Questions About SDSI

What does SDSI invest in?

SDSI seeks to provide income and capital appreciation by holding a short-duration portfolio of various fixed income securities of any credit quality. The fund may invest in securities issued or guaranteed by the US Treasury and certain US government agencies, bank loans, collateralized debt obligations including mortgage- or asset-backed securities, preferred stocks, and convertibles. To build the portfolio, the fund manager assesses current and anticipated interest rates and economic conditions. The weighted average duration of the resulting portfolio must be three years or shorter. Portfolio securities may be payable in US or foreign currencies. The fund manager may utilize derivatives, such as currency forwards and swaps, and may use currency exchange contracts for hedging purposes or to enhance returns. The fund may engage in active and frequent trading of portfolio securities.

What is the expense ratio of SDSI?

American Century Short Duration Strategic Income ETF (SDSI) charges an expense ratio of 0.32%. This is the annual fee deducted from fund assets to cover management and operations.

What is SDSI's dividend yield?

SDSI's trailing-twelve-month yield is 4.76%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SDSI?

Effective duration measures SDSI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SDSI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SDSI?

SDSI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SDSI?

Yield to maturity (YTM) is the total return you'd earn from SDSI if every bond in the portfolio is held to maturity at the current price. SDSI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.