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.
International investing involves special risks, such as political instability and currency fluctuations.
Derivatives may be more sensitive to changes in market conditions and may amplify risks.
The Bloomberg Global 1–10 Year Aggregate Corporate ex-Emerging Markets (USD Hedged) Index is a bond index that tracks the performance of investment-grade corporate bonds issued by companies from developed markets around the world and excludes emerging markets. The index focuses on corporate bonds with maturities ranging from 1 to 10 years and is hedged to the U.S. dollar to minimize the impact of currency fluctuations on the returns.
Source: Bloomberg Index Services Ltd
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.