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ETFs

American Century Multisector Income ETF

MUSI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 29 2021
Expense Ratio
0.36%
Type
Global Bonds
Fund Owner
American Century Investments
Volume (1m avg. daily)
$103,519
AUM
$159,139,359
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/B 08/26 4.375
7.83%
n/a
US TREASURY N/B 09/26 4.625
3.21%
n/a
SSC GOVERNMENT MM GVMXX
3.10%
n/a
US TREASURY N/B 11/24 4.5
2.18%
n/a
US TREASURY N/B 07/26 4.5
1.54%
n/a
GNMA II POOL MA7767 G2 12/51 FIXED 2.5
1.23%
n/a
FNMA POOL CB6901 FN 08/53 FIXED 5
1.21%
n/a
FED HM LN PC POOL SD3154 FR 02/49 FIXED 3.5
1.19%
n/a
US DOLLAR
1.07%
n/a
US TREASURY N/B 12/24 1
1.03%
Invest with MUSI

What is MUSI?

The fund invests in various sectors of the fixed income market holding instruments such as corporate bonds and notes, government securities, securitized credit instruments, and emerging markets debt securities. The portfolio managers select securities using a sector rotation approach that integrates proprietary fundamental research and quantitative model inputs, such as economic activity, inflation and monetary policy, and technical analysis of relative value among various sectors. The fund invests in both investment grade and high yield debt securities. Investment grade securities are those that have been rated in one of the top four credit quality categories by an independent rating agency or determined by the advisor to be of comparable credit quality. High-yield securities, which are also known as 'junk bonds,' are those that have been rated by an independent rating agency below the highest four categories or determined by the advisor to be of similar quality.

ETFs related toMUSI

ETFs correlated to MUSI include CGCP, AVIG, BIV

MUSI
American Century ETF Trust - American Century Multisector Income ETF
CGCP
Capital Group Companies Inc - Capital Group Core Plus Income ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
ISTB
BlackRock Institutional Trust Company N.A. - iShares Core 1-5 Year USD Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade 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 toMUSI

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#TIME

The Timeless 60/40

Category

Classic, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with MUSI using Composer

FAQ

MUSI is a Global Bonds ETF. The fund invests in various sectors of the fixed income market holding instruments such as corporate bonds and notes, government securities, securitized credit instruments, and emerging markets debt securities. The portfolio managers select securities using a sector rotation approach that integrates proprietary fundamental research and quantitative model inputs, such as economic activity, inflation and monetary policy, and technical analysis of relative value among various sectors. The fund invests in both investment grade and high yield debt securities. Investment grade securities are those that have been rated in one of the top four credit quality categories by an independent rating agency or determined by the advisor to be of comparable credit quality. High-yield securities, which are also known as 'junk bonds,' are those that have been rated by an independent rating agency below the highest four categories or determined by the advisor to be of similar quality.

Yes, MUSI 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, MUSI 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 MUSI is -0.0062%. This is the percent change in the value of MUSI over the most recent 1-month period. The 3-month return on MUSI is -0.0121%. This is the percent change in the value of MUSI over the most recent 3-month period.

The standard deviation of MUSI for the past year is 0.0587%. 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 MUSI include GVI, BLV, and BSV.

ETFs correlated to MUSI include CGCP, AVIG, and BIV.

ETFs that are inversely correlated to MUSI include PST, TBX, and TTT.

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.