AEMB — American Century Emerging Markets Bond ETF
Data updated: 2024-11-12
AEMB — American Century Emerging Markets Bond ETF. Intermediate Treasury / Sovereign Bond · $31.56M AUM. Holdings, fees, performance and SEC filings.
AEMB Fund Overview
AEMB — American Century Emerging Markets Bond ETF is a US ETF managed by American Century ETF Trust, categorised as Intermediate Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: American Century ETF Trust
- Category: Intermediate Treasury / Sovereign Bond
- Assets under management: $31.56M
- 1-year return: 12.8%
- Ticker: AEMB
- SEC CIK: 0001710607
- SEC series ID: S000072411
- Share class ID: C000228611
AEMB Investment Objective and Strategy
American Century Emerging Markets Bond ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century ETF Trust.
Investment objective
The fund seeks to provide current income and capital appreciation.
Principal investment strategy
Under normal market conditions, the portfolio managers will invest at least 80% of the funds net assets, plus any borrowings for investment purposes, in debt securities related to emerging market countries. Debt securities in which the fund invests include sovereign and quasi-sovereign debt, emerging markets corporate debt securities, and emerging markets debt investments. Emerging markets debt investments include emerging markets derivatives whose reference securities are corporate and sovereign debt securities. Investments are predominantly made in instruments denominated in U.S. dollars but the fund may also invest in securities denominated in local emerging markets currency. The portfolio managers select investments for the fund using proprietary fundamental research, quantitative model inputs and qualitative assessments that consider multiple inputs such as macroeconomic factors, country and fundamental issuer analysis, and market and relative value.
The fund considers an emerging market country to be any country other than a developed country. However, the fund typically invests in the subset of emerging markets countries that comprise the JP Morgan EMBI Global Diversified Index. In determining where a company is located, the portfolio managers will consider various factors, including where the company is headquartered, where the companys principal operations are located, where a majority of the companys revenues are derived, where the principal trading market is located and the country in which the company was legally organized. The weight given to each of these factors will vary depending on the circumstances in a given case. 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. The fund has no average maturity or duration limitations. The fund also may invest in derivative instruments such as interest rate futures contracts. The fund may use derivative instruments to earn income, enhance returns, increase liquidity, manage target duration, gain exposure to certain instruments or markets, and/or hedge its exposure to particular investments. The portfolio managers may engage in hedging of portfolio positions, which usually involves entering into a derivative transaction that has the opposite characteristic of the position being hedged. The net effect of these two positions is intended to reduce or eliminate the exposure created by the first position.
The fund is an actively managed exchange-traded fund (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 the fund requirements and standards described above, along with economic conditions, alternative investments, interest rates and various credit metrics.
AEMB Holdings
Top 10 holdings of American Century Emerging Markets Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Institutional US Government Money Market Fund | 3.85% |
| Dominican Republic International Bond | 3.21% |
| ROP Sukuk Trust | 3.08% |
| Petroleos Mexicanos | 3.06% |
| Abu Dhabi Government International Bond | 2.95% |
| Turkiye Government International Bond | 2.88% |
| U.s. Treasury | 2.73% |
| Hungary Government International Bond | 2.52% |
| Indonesia Government International Bond | 2.32% |
| Saudi Government International Bond | 2.25% |
AEMB Portfolio Allocation
Asset-class allocation of American Century Emerging Markets Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 94.9% |
| Cash & Equivalents | 3.8% |
| Derivatives | 0.1% |
AEMB Performance
Total returns for AEMB (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.8% |
| 3 years (annualised) | -2.5% |
AEMB Risk Information
Risk metrics for AEMB, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.1%
AEMB Costs and Fees
AEMB costs about $43 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.43%
- Gross expense ratio: 0.43%
- Portfolio turnover: 72%
- Brokerage commissions: 0.38 bps of average net assets (SEC N-CEN)
AEMB Cashflows
Over the 12 months to 2024-08, American Century Emerging Markets Bond ETF had net outflows of $3.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-08 | $0 |
| 2024-07 | $1.93M |
| 2024-06 | $0 |
| 2024-05 | $0 |
| 2024-04 | $0 |
| 2024-03 | $0 |
AEMB Debt Constituents
Largest debt holdings of American Century Emerging Markets Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Dominican Republic International Bond | 3.21% |
| ROP Sukuk Trust | 3.08% |
| Petroleos Mexicanos | 3.06% |
| Abu Dhabi Government International Bond | 2.95% |
| Turkiye Government International Bond | 2.88% |
| U.s. Treasury | 2.73% |
| Hungary Government International Bond | 2.52% |
| Indonesia Government International Bond | 2.32% |
| Saudi Government International Bond | 2.25% |
| Chile Government International Bond | 2.19% |
AEMB Prospectus and SEC Filings
Official American Century Emerging Markets Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-12-29
- Prospectus (485BPOS) — filed 2022-12-29
- Prospectus (485BPOS) — filed 2021-12-29
- Portfolio holdings (N-PORT) — filed 2024-10-28
- Portfolio holdings (N-PORT) — filed 2024-07-23
- Portfolio holdings (N-PORT) — filed 2024-04-19
- Annual census (N-CEN) — filed 2024-11-12
- Annual census (N-CEN) — filed 2023-11-09
Related Funds
Other Intermediate Treasury / Sovereign Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.