American Century Diversified Bond Inv ADFIX |
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Release date as of 2024-04-30. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2024-04-30 |
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Out of 430 Intermediate Core Bond Funds
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Total Fund Assets ($ Mil) |
5,988.79 |
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Investment Objective & Strategy |
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The investment seeks a high level of income by investing in non-money market debt securities.
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Under normal market conditions, the fund invests at least 80% of its net assets in high- and medium-grade, non-money market debt securities. It invests most of its assets in investment-grade securities. The weighted average maturity of the fund's portfolio must be three and one-half years or longer. |
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Morningstar Category: Intermediate Core Bond |
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Intermediate-term core bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, and hold less than 5% in below-investment-grade exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index.
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Growth of $10,000 |
(from 2014-01-01
to 2024-04-30)
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Investment: |
American Century Diversified Bond Inv |
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Benchmark 1: |
Bloomberg US Agg Bond TR USD |
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Benchmark 2: |
Bloomberg US Agg Bond TR USD |
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Category: |
Intermediate Core Bond |
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This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
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Total Annualized Returns % |
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YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
Investment |
-3.37 |
-2.09 |
-3.91 |
-0.26 |
0.93 |
3.07 |
Bloomberg US Agg Bond TR USD |
-3.28 |
-1.47 |
-3.54 |
-0.16 |
1.20 |
4.32 |
Bloomberg US Agg Bond TR USD |
-3.28 |
-1.47 |
-3.54 |
-0.16 |
1.20 |
4.32 |
Category |
-2.89 |
-1.01 |
-3.54 |
-0.14 |
1.10 |
3.82 |
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Morningstar Rating |
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# of compared
Intermediate Core Bond
funds covered
(3 yrs : out of
430
funds)
(5 yrs : out of
385
funds)
(10 yrs : out of
274
funds)
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Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. |
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Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. |
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Total Annual Operating Expense
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0.60%
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Prospectus Net Expense Ratio |
0.60%
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Maximum Sales Charge |
--- |
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The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. |
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Type |
Date |
% |
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% of Net Assets |
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U.S. Stocks |
0.0 |
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Non-U.S. Stocks |
0.0 |
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Bonds |
96.7 |
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Cash |
3.3 |
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Other |
0.0 |
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Data through 2024-03-31 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
32.01 |
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Corporate |
22.58 |
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Securitized |
38.86 |
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Municipal |
0.74 |
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Cash & Equivalents |
3.28 |
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Derivative |
2.53 |
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% Bonds |
AAA |
66.44 |
AA |
4.01 |
A |
11.90 |
BBB |
15.11 |
BB |
0.00 |
B |
0.01 |
Below B |
0.00 |
Not Rated |
2.54 |
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Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
625 |
% of Net Assets in Top 10 Holdings |
17.78 |
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Turnover % |
(as of 2023-03-31) |
170.00 |
30 Day SEC Yield % |
4.58 |
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Maturity Date
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Shares
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Value $000
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% of Net Assets
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Us 5yr Note (Cbt) Jun24 Xcbt 20240628 |
2024-06-28 |
330,800 |
354,008 |
5.13 |
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United States Treasury Notes 4.125% |
2027-02-15 |
190,000 |
188,419 |
2.73 |
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United States Treasury Notes 4.25% |
2027-03-15 |
106,000 |
105,520 |
1.53 |
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Us Long Bond(Cbt) Jun24 Xcbt 20240618 |
2024-06-18 |
80,700 |
97,193 |
1.41 |
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Federal National Mortgage Association 5% |
2054-04-11 |
94,138 |
91,862 |
1.33 |
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United States Treasury Bonds 4.75% |
2053-11-15 |
84,500 |
90,224 |
1.31 |
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United States Treasury Notes 3.75% |
2030-12-31 |
86,000 |
83,635 |
1.21 |
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United States Treasury Bonds 4.75% |
2043-11-15 |
71,000 |
73,674 |
1.07 |
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2 Year Treasury Note Future June 24 |
2024-06-28 |
70,400 |
71,979 |
1.04 |
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United States Treasury Notes 4.875% |
2030-10-31 |
68,000 |
70,486 |
1.02 |
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Lending, Credit and Counterparty, Extension, Prepayment (Call), Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Interest Rate, Market/Market Volatility, Bank Loans, Restricted/Illiquid Securities, Derivatives, Shareholder Activity, Structured Products |
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Show Risk Definitions |
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Inception Date: 2001-12-03 |
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Jeffrey L. Houston (2001-12-03) |
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Houston is a Vice President and Senior Portfolio Manager with American Century Investments, his employer since November 1990. Before joining the company, he was an assistant vice president and analyst with Ambac Indemnity, a municipal financial guaranty firm in New York. He has been in the finance industry since 1986.
Houston holds the Chartered Financial Analyst designation. He is a member of the Kansas City Society of Financial Analysts and the Association of Investment Management and Research. He earned a B.A. from the University of Delaware and an M.A. from Syracuse University. |
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Paul Norris (2023-11-10) |
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Paul Norris is a Managing Director and Head of Structured Products, overseeing the team involved in the research and trading of structured securities. Prior to joining Conning in 2017, he was a hedge fund portfolio manager focused on mortgage derivatives. Previously, Mr. Norris was head of securitized products at Dwight Asset Management, where he led a team of portfolio managers, traders and analysts, and also has served as director of mortgage and non-mortgage investments at Fannie Mae. Mr. Norris earned a BS in finance from Towson University and an MBA from the University of Maryland. |
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Charles Tan (2018-10-31) |
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Charles Tan is a senior vice president and co-chief investment officer — Global Fixed Income for American Century Investments®. As co-CIO of Global Fixed Income, Mr. Tan oversees portfolio management and research for the firm’s fixed income strategies, managed in offices in Santa Clara, Calif., New York City, and London, England.
Mr. Tan co-chairs the firm's Global Macro Strategy team, which sets the investment strategy for the Global Fixed Income group, and the Risk Management team, which oversees and manages risk for all strategies managed by the Global Fixed Income group.
Mr. Tan joined the firm in 2018 from Aberdeen Standard Investments (previously Aberdeen Asset Management), where he held a series of leadership roles, including head of North American fixed income. Before that, he was vice president and senior high yield analyst at Moody's Investors Service. Previously, he was a credit officer with First Commercial Bank of Philadelphia (HSBC Bank). He has worked in the investment industry since 1994.
Mr. Tan earned a bachelor's degree in economics from the University of International Business & Economics in Beijing and an MSBA from Bucknell University. |
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Jason Greenblath (2021-08-01) |
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Jason Greenblath is vice president, senior portfolio manager and director of Corporate Credit Research for American Century Investments®.
Mr. Greenblath co-leads the Corporate Markets team and is a member of the Global Fixed Income Investment Committee, which sets investment outlook for the Global Fixed Income group.
Before joining American Century Investments in 2019, Mr. Greenblath was senior portfolio manager and head of U.S. Investment Grade Credit at Aberdeen Standard Investments. Prior to that, he was head of U.S. Investment Grade Credit Research. He joined Aberdeen in 2008 as a senior corporate analyst. He previously was a high yield/distressed credit analyst at RBS Greenwich Capital and has worked in the investment industry since 2002.
Mr. Greenblath earned a bachelor's degree in finance from Pennsylvania State University. |
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Robert V. Gahagan (2002-12-31) |
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Mr. Gahagan, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1983. He became a portfolio manager in 1991. He has a bachelor’s degree in economics and an MBA from the University of Missouri – Kansas City. |
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American Century Investment Management Inc |
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American Century Investments |
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© Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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