ETF Evaluator: American Century Multisector Flt Inc ETF (FUSI) Follow This ETF

American Century Multisector Flt Inc ETF Overview

American Century Multisector Flt Inc ETF (FUSI) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). American Century Investments launched the ETF in 2023.

The investment seeks income; capital appreciation is the secondary consideration. Under normal market conditions, the portfolio managers will invest at least 80% of the fund’s net assets, plus any borrowings for investment purposes in floating rate securities. The fund invests principally in securitized credit instruments, including collateralized loan obligations, credit risk transfer securities, floating rate commercial mortgage securities, and mortgage- or asset-backed securities. The fund invests primarily in investment-grade securities but may invest up to 35% of its portfolio in below investment grade securities.

About American Century Multisector Flt Inc ETF (FUSI)

There are 3 members of the management team with an average tenure of 3.16 years: Paul Norris (2023), Charles Tan (2023) and Jason Greenblath (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Treasury Bill 1-3 M TR USD index with a weighting of 100%. American Century Multisector Flt Inc ETF has 63 securities in its portfolio. The top 10 holdings constitute 34.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

American Century Multisector Flt Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. American Century Multisector Flt Inc ETF has 14.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.1% (83.8% domestic bond, 14.3% foreign bond and 0.0% convertible bond). American Century Multisector Flt Inc ETF has 1.9% of the portfolio in cash.

Assets Under Management

The fund has $22 million in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FUSI Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Century Multisector Flt Inc ETF expense ratio is below average compared to funds in the Ultrashort Bond category. American Century Multisector Flt Inc ETF has an expense ratio of 0.27%, which is 23% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Century Multisector Flt Inc ETF has a portfolio turnover rate of 89%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.

Recently, in the month of July 2026, American Century Multisector Flt Inc ETF returned 0.4%, which earned it a grade of A, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

American Century Multisector Flt Inc ETF has a trailing yield of 5.23%, which is above the 4.07% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Century Multisector Flt Inc ETF Grades

Year to date, the ETF has returned 2.8%, 0.6 percentage points better than the category, which translates into a grade of A. The fund has returned 4.9% over the past year (grade of A) and 5.8% over the past three years (grade of A).

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