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April 3, 2018 - Kansas City, Mo.
Senior leaders from global asset management firm American Century Investments will ring the opening bell tomorrow, April 4, at the New York Stock Exchange (NYSE) to celebrate the listing of its two recently launched exchange traded funds (ETFs). American Century® STOXX® U.S. Quality Value ETF (VALQ), and American Century® Diversified Corporate Bond ETF (KORP) commenced trading on NYSE Arca on January 16. STOXX® is a registered trademark of STOXX Ltd.
"American Century Investments has managed assets for clients for 60 years, but this is the first time in our history we've had the honor of ringing the bell at the NYSE," said Edward Rosenberg, senior vice president and head of ETFs for American Century Investments. "Of course, the bell ringing commemorates another first—the availability of our investment management capabilities in an ETF vehicle. This marks the next step in the evolution of how we partner with clients to address a spectrum of long-term goals."
Company executives joining Rosenberg at the 9:30 a.m. ET bell ringing include the firm's Co-Chief Investment Officers David MacEwen and Victor Zhang. Live video of the bell ringing can be viewed at www.nyse.com/bell and on various business cable channels. The day prior to the bell ringing, American Century Investments also is hosting a client networking event at the NYSE featuring presentations from its leaders about the company, its connection to medical research and the firm's ETF initiative.
American Century STOXX® U.S. Quality Value ETF (VALQ) is an index-based value ETF designed for investors pursuing capital appreciation. It seeks to deliver a more attractive risk/reward profile than the market capitalization-weighted value investing typical of traditional index funds. The fund utilizes American Century Investments' Intelligent Beta1 methodology, which strives to dampen the cyclicality of value investing in pursuit of strong risk-adjusted returns throughout the market cycle.
The portfolio management team's analysis begins with the broad universe of U.S. large-cap stocks based on the STOXX® 900 Index2. The team applies measures such as profitability, earnings quality, management quality and earnings revisions to identify high-quality companies at attractive valuations. It complements them with sustainable dividend-payers to help mitigate risk when value investing falls out of favor.
American Century Diversified Corporate Bond ETF (KORP) is an actively-managed corporate bond ETF designed for investors seeking current income. The fund emphasizes investment-grade debt while dynamically allocating a portion of the portfolio to high yield in a single, systematically managed portfolio. By integrating fundamental and quantitative expertise, the portfolio management team strives for enhanced return potential versus traditional capitalization-weighted passive portfolios.
American Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve human health and save lives. Founded in 1958, American Century Investments' 1,300 employees serve investment professionals, institutions, corporations and individual investors from offices in New York; London; Hong Kong; Mountain View, Calif.; and Kansas City, Mo. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang and David MacEwen serve as co-chief investment officers. Delivering investment results to clients enables American Century Investments to distribute over 40 percent of its dividends to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute owns more than 40 percent of American Century Investments and has received dividend payments of $1.4 billion since 2000. For more information about American Century Investments, visit www.americancenturyetfs.com.
1 Intelligent Beta methodology: Emphasizes the use of alternative index construction rules to traditional market capitalization-based indexes. Intelligent Beta emphasizes capturing fundamental investment factors or market inefficiencies in a rules-based and transparent way.
2 The STOXX® 900 index covers the largest 900 companies in the USA. The STOXX 900 Index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland ("STOXX"), Deutsche Börse Group or their licensors, which is used under license. American Century STOXX U.S. Quality Value ETF is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the STOXX 900 Index or its data.
American Century® STOXX® U.S. Quality Value ETF (VALQ) is not actively managed and the portfolio managers do not attempt to take defensive positions under any market conditions, including declining markets. The portfolio managers also do not generally add or remove a security from the fund until such security is similarly added or removed from the underlying index. Therefore, the fund may hold an underperforming security or not hold an outperforming security until the underlying index reacts. This may result in underperformance compared to the market generally. In addition, there is no assurance that the underlying index will be determined, composed or calculated accurately. While the index provider provides descriptions of what the underlying index is designed to achieve, the index provider does not guarantee the quality, accuracy or completeness of data in respect of its indices, and does not guarantee that the underlying index will be in line with the described index methodology. Gains, losses or costs to the fund caused by errors in the underlying index may therefore be borne by the fund and its shareholders.
American Century® Diversified Corporate Bond ETF (KORP) is an actively-managed corporate bond fund. Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results. Generally, as interest rates rise, the value of the securities 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. KORP 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.
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price, not Net Asset Value (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.
You should consider a fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained at AmericanCenturyETFs.com, contains this and other information about the fund, and should be read carefully before investing.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investments Services, Inc.
©2018 American Century Proprietary Holdings Inc. All rights reserved.