American Century Multisector Income ETF
$42.46−0.05 (−0.12%)
- Expense ratio
- 0.32%
- Fund size
- $265M
- 1Y return
- +0.5%
- Yield · Last 12 months
- 5.50%
- Holdings
- 438
- Volume · 30D
- 0M sh
- NAV per share
- $42.34
- 52W range
The ETF.net MUSI Grade
Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 53Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 95Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 41Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 62Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 45Category rank
Our read on MUSI
BThe aggregate-bond aisle is mostly index trackers charging a few basis points. MUSI goes the other way: an active manager roaming across fixed-income sectors and dialing duration up or down in pursuit of high current income and total return.
The fund seeks high current income and total return through active security selection and sector and duration management across multiple fixed-income sectors.
Why people hold it
- Genuinely active, not index-shaped. The mandate is sector rotation and duration management across multiple bond sectors, so the manager can lean into corners the broad indexes weight by size alone.
- It does what the label says. Our review found the portfolio closely matching its stated multisector income mandate, which lands it in the upper half of a crowded aggregate-bond cohort.
- Spread wide by design: roughly 400 holdings across sectors, so no single issuer carries the fund.
- At 0.38%, the fee sits near the middle of its bond cohort. Active management here is priced like the category average, not like a boutique credit shop.
Worth knowing
- The passive giants in this cohort (BND, SPAB, SCHZ) charge a few basis points. Active selection here costs meaningfully more, and that gap is a permanent headwind the manager has to clear.
- Thinly traded compared with the index heavyweights, so bid-ask spreads can be wider and large orders need more care than in a mega-fund.
- Income arrives on an irregular cadence rather than a fixed monthly calendar, which matters if you are mapping cash flow to a schedule.
MUSI Holdings
- Bonds
- 438
- 24%
- US TREASURY N/B 08/31 4.375
Sectors
- Utilities77.9%
- Health Care22.1%
Geography
- United States99.02%
- Mexico0.69%
- Canada0.20%
- France0.09%
MUSI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 14, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MUSI |
|---|---|
| Year to date | −0.6% |
| 1 month | −1.3% |
| 3 months | −1.5% |
| 1 year | +0.5% |
| 3 years | +6.0% |
| 5 years | +1.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MUSI |
|---|---|---|
| 2026 YTD | −0.6% | |
| 2025 | +8.3% | |
| 2024 | +5.1% | |
| 2023 | +7.5% | |
| 2022 | −10.3% | |
| 2021 | +0.6% |
MUSI in the news
ETF.net Research hasn’t filed on MUSI yet — coverage lands here as it’s written.
MUSI Dividends
- 5.50%
- $2.33
- $0.16 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 4, 2026 | Sep 8, 2026 | $0.16 |
| Aug 6, 2026 | Aug 10, 2026 | $0.21 |
| Jul 7, 2026 | Jul 9, 2026 | $0.18 |
| Jun 4, 2026 | Jun 8, 2026 | $0.16 |
| May 6, 2026 | May 8, 2026 | $0.17 |
| Apr 7, 2026 | Apr 9, 2026 | $0.20 |
| Mar 5, 2026 | Mar 9, 2026 | $0.19 |
| Feb 5, 2026 | Feb 9, 2026 | $0.20 |
| Dec 16, 2025 | Dec 18, 2025 | $0.24 |
| Dec 1, 2025 | Dec 3, 2025 | $0.19 |
| Nov 3, 2025 | Nov 5, 2025 | $0.20 |
| Oct 1, 2025 | Oct 3, 2025 | $0.23 |
MUSI Risk
- 4.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.33
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUSI Cost
- 0.32%