American Century Diversified Corporate Bond ETF
KORP
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Jan 16, 2018
- CIK
- 0001710607
- Website
- americancentury.com
- Similar Companies
- Business
- American Century Diversified Corporate Bond ETF (KORP) is an actively managed exchange-traded fund that seeks current income and enhanced total return by investing primarily in a diversified portfolio of investment-grade corporate bonds while dynamically allocating a portion to high-yield corporate bonds; it emphasizes intermediate-term securities with a target duration range of 3-7 years to balance interest rate and credit risks. Launched on January 11, 2018, by American Century ETF Trust and managed by American Century Investments, the ETF holds approximately 354 securities, including U.S. investment-grade corporate bonds (66%), non-U.S. investment-grade corporate bonds (15%), high-yield corporate bonds (12%), and emerging market debt (3%), with top holdings such as U.S. Treasury futures, Wells Fargo & Co. notes, and Bank of America Corp. debentures; it distributes dividends monthly, maintains a gross expense ratio of 0.29%, and benchmarks against the Bloomberg U.S. Corporate Bond Index. Headquartered in Kansas City, Missouri—home to parent firm American Century Investments, founded in 1958—the ETF operates globally with exposure to U.S. and international issuers, serving retail and institutional investors seeking corporate bond exposure with reduced risk relative to passive strategies. As of September 30, 2025, KORP manages total assets of $602.8 million, with a 30-day SEC yield of 4.78%, a weighted average life to maturity of 14.05 years, and a quality breakdown dominated by BBB-rated (55%) and A-rated (27%) securities; the portfolio management team, led by Charles Tan since 2018 alongside Jason Greenblath and Gavin Fleischman, integrates fundamental and quantitative analysis for systematic adjustments between investment-grade and high-yield allocations. In recent developments, American Century Investments expanded its overall ETF lineup to $75 billion in assets by mid-2025 through active ETF growth and global capabilities, though it announced the liquidation of unrelated sister ETFs QPFF and QCON in September 2025 to streamline offerings; no specific acquisitions, partnerships, or strategic shifts directly impacted KORP in 2024-2025, with the fund maintaining steady operations, monthly non-daily accrual dividends, and a Morningstar 4-star overall rating in the Corporate Bond category as of November 2025.