AMERICAN CENTURY LAUNCHES CALIFORNIA MUNICIPAL BOND ETF
AMERICAN CENTURY LAUNCHES CALIFORNIA MUNICIPAL BOND ETF
KANSAS CITY, Mo., July 18, 2024 /PRNewswire/ -- American Century Investments, the $250 billion global asset manager*, expands its investment capabilities with the launch of its first California municipal bond exchange traded fund (ETF). American Century California Municipal Bond ETF (CATF) is now listed on the New York Stock Exchange (NYSE) and joins the asset manager's lineup of active ETFs.
美國世紀投資，2500億美元的全球資產管理公司，通過推出其首個加利福尼亞市政債ETF（交易所交易基金），擴展了其投資能力。美國世紀加利福尼亞市政債ETF（CATF）現已在紐約證券交易所（NYSE）上市，加入了資產管理公司的主動ETF陣容。
"American Century has managed municipal bonds for California investors for over 40 years and we're excited to leverage our deep history in California-specific strategies across the investment grade and high yield markets with the launch of CATF," said Joe Gotelli, senior portfolio manager, head of the Municipal Markets team. "We are driven by the needs of our clients and eager to provide an offering to California residents that takes advantage of opportunities across the credit and duration1 spectrum."
“美國世紀投資管理公司爲加利福尼亞投資者管理市政債券已超過40年，我們很高興能夠利用我們在針對加利福尼亞的戰略方面的深厚歷史，涵蓋投資級和高收益市場，推出CATF。”市政市場團隊負責人，高級投資組合經理喬·戈特利說，“我們的客戶需求驅動我們，急於爲加州居民提供一種利用信貸和期限範圍內機會的產品。”
California Municipal Bond ETF
加利福尼亞市政債etf
CATF is actively managed and seeks high current income that is exempt from federal and California income taxes. The fund primarily invests in investment-grade debt securities but may invest in high-yield securities. A high-yield security is one that has been rated below investment-grade or determined by the investment advisor to be of similar quality, including bonds that are in technical or monetary default. It has a gross expense ratio of 0.27%.
CATF積極管理，尋求免於聯邦和加利福尼亞所得稅的高當前收入。該基金主要投資於投資級債務證券，但也可能投資高收益證券。高收益證券是指評級低於投資級別或由投資顧問被判斷爲類似質量的證券，包括技術或貨幣違約的債券。它的總費用率爲0.27%。
"CATF is a natural extension of our municipal bond offerings and complements our existing ETF, American Century Diversified Municipal Bond ETF (TAXF)," said Gotelli. "It utilizes the same team, philosophy and process that we employ across our California mutual funds with the benefits of the ETF vehicle."
“CATF是我們市政債券產品的自然延伸，並補充了我們現有的ETF，美國世紀分散的市政債ETF（TAXF），”戈特利說。“它利用了同一團隊，理念和流程，涵蓋了我們在加州股票型互惠基金中採用的優勢。”
The fund is managed by Gotelli and Portfolio Manager Alan Kruss. Gotelli and the Municipal Markets team are primarily based in California. The municipal bond team at American Century Investments oversees $8.2 billion in assets under management**.
該基金由戈特利和投資組合經理艾倫·克魯斯管理。戈特利和市政市場團隊主要位於加利福尼亞。美國世紀投資的市政債券團隊管理着82億美元的資產。
American Century Investments introduced its ETF program in 2018. The comprehensive ETF lineup is designed to help investors seek better outcomes across market cycles.
美國世紀投資於2018年推出了其ETF計劃。全面的ETF產品線旨在幫助投資者在市場週期內尋求更佳的結果。
About American Century Investments
關於 美國全球資產管理公司American Century Investments專注於提供投資收益和建立長期客戶關係，同時支持突破性醫學研究。自1958年成立以來，American Century Investments的1400名員工從堪薩斯市、紐約、洛杉磯、聖克拉拉、波特蘭、倫敦、德國法蘭克福、香港和悉尼的辦事處爲金融專業人士、機構、公司和個人投資者服務。Jonathan S. Thomas是總裁兼首席執行官，Victor Zhang是首席投資官。American Century Investments將超過40%的分紅派息分配給Stowers醫學研究所，這是一家擁有500名非營利性基礎生物醫學研究機構，擁有超過40%的American Century Investments股份，並自2000年以來接收了超過20億美元的分紅。有關美國世紀投資的更多信息，請訪問。
American Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting breakthrough medical research. Founded in 1958, American Century Investments' 1,400 employees serve financial professionals, institutions, corporations and individual investors from offices in Kansas City, Mo.; New York; Los Angeles; Santa Clara, Calif.; Portland, Ore.; London; Frankfurt, Germany; Hong Kong; and Sydney. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang serves as chief investment officer. Delivering investment results to clients enables American Century Investments to distribute over 40% of its dividends to the Stowers Institute for Medical Research, a 500-person, nonprofit basic biomedical research organization. The Institute owns more than 40% of American Century Investments and has received dividend payments of more than $2 billion since 2000. For more information about American Century Investments, visit .
資產管理規模截至2024年5月9日。
*Assets under supervision as of 7/4/2024.
資產管理規模截至7/4/2024。
**Assets under management as of 7/10/24.
資產管理規模截至7/10/24。
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.
該基金是主動管理的ETF，不追求特定指數的表現。爲確定是否買賣某證券，投資組合經理考慮了各種基金要求和標準以及經濟狀況、其他投資選擇、利率和各種信貸指標等。如果投資組合經理的決策不準確或執行不當，該基金的表現可能會受到影響。
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.
從歷史上看，小盤股的波動性要高於更大、更成熟的公司股票。較小的公司市值可能較低、產品線和市場較小，其證券交易量可能比較少且交易量可能較小。證券投資的回報和本金價值將波動，當贖回時的價值可能高於或低於原始成本。過去的表現不代表未來的結果。
You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by visiting americancentury.com, contains this and other information about the fund, and should be read carefully before investing.
在您投資之前，請仔細考慮該基金的投資目標，風險，費用和開支。該基金的招股說明書或簡明招股說明書可通過訪問americancentury.com獲得，其中包含有關該基金的其他信息，請仔細閱讀。
Because the fund invests primarily in California municipal securities, its yield and share price will be affected by political and economic developments within the State of California.
因爲該基金主要投資於加利福尼亞市政債券，因此其收益和份額價格將受到加利福尼亞州政治和經濟發展的影響。
There is no guarantee that all of the fund's income will be exempt from federal, California state or local income taxes. The portfolio managers are permitted to invest the fund's assets in debt securities with interest payments that are subject to federal income tax, California state tax, local income tax and/or the federal alternative minimum tax. Capital gains are not exempt from state and federal income tax.
基金的收益不保證全部免除聯邦，加利福尼亞州或地方收入稅。組合經理被允許將基金資產投資於支付利息的債務證券，這些債務證券受到聯邦所得稅，加利福尼亞州所得稅和/或聯邦替代最低稅的納稅影響。資本利得不免去州和聯邦所得稅。,該基金可能投資於評級較低的證券，這些證券面臨更大的信用風險，違約風險和流動性風險。
The lower rated securities in which the fund may invest in are subject to greater credit risk, default risk and liquidity risk.
通常情況下，隨着利率上升，基金持有的債券價值將下降。利率下降時則相反。
Generally, as interest rates rise, the value of the bonds held in the fund will decline. The opposite is true when interest rates decline.
“CATF是我們市政債券產品的自然延伸，並補充了我們現有的ETF，美國世紀分散的市政債ETF（TAXF），”戈特利說。“它利用了同一團隊，理念和流程，涵蓋了我們在加州股票型互惠基金中採用的優勢。”
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC – Distributor, not affiliated with American Century Investment Services, Inc.
交易所交易基金（ETF）：不隸屬於美國世紀投資服務公司的Foreside Fund Services，LLC-distributor。
Mutual Funds: American Century Investment Services, Inc., Distributor.
共同基金: 美國世紀投資服務公司, 分銷商。
2024 American Century Proprietary Holdings, Inc. All rights reserved.
2024 American Century Proprietary Holdings，Inc.版權所有。
1 The duration of a financial asset that consists of fixed cash flows, such as a bond, is the weighted average of the times until those fixed cash flows are received.
1金融資產，如債券，的年限是收到這些固定現金流的時間的加權平均值。
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Contact: |
Laura Kouri |
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(816) 340-4710 |
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聯繫人： |
Laura Kouri（816）340-4710 |
SOURCE American Century Investments
American Century Investments來源
譯文內容由第三人軟體翻譯。