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American Century Diversified Bond Inv  ADFIX
Release date as of 2024-09-30. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-09-30
Out of 414
Intermediate Core Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-09-30
Total Fund Assets ($ Mil)
6,182.81
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks a high level of income by investing in non-money market debt securities.
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.
  Morningstar Category: Intermediate Core Bond
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. 
  Performance
Growth of $10,000
(from 2014-01-01 to 2024-09-30)
Investment: American Century Diversified Bond Inv
Benchmark 1: Bloomberg US Agg Bond TR USD
Benchmark 2: Bloomberg US Agg Bond TR USD
Category: Intermediate Core Bond
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.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 4.61 11.85 -1.78 0.29 1.59 3.37
Bloomberg US Agg Bond TR USD 4.45 11.57 -1.39 0.33 1.84 4.52
Bloomberg US Agg Bond TR USD 4.45 11.57 -1.39 0.33 1.84 4.52
Category 4.78 11.56 -1.39 0.43 1.75 4.02
Morningstar Rating --- --- ---
# of compared Intermediate Core Bond funds covered (3 yrs : out of 414 funds) (5 yrs : out of 373 funds) (10 yrs : out of 268 funds)
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.
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.
Fees and Expenses
Total Annual Operating Expense 0.60%
Prospectus Net Expense Ratio 0.60%
Maximum Sales Charge ---
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.
Waiver Data
Type Date %
--- --- --- ---
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 96.3
Bullet Cash Cash 3.5
Bullet Other Other 0.3
Asset Allocation Rescaled Graph
Data through 2024-09-30
Morningstar Fixed-Income Sectors
% Fund
Government 34.45
Corporate 19.27
Securitized 42.10
Municipal 0.68
Cash & Equivalents 3.50
Derivative 0.00
Data through 2024-09-30
Credit Analysis
% Bonds
AAA 70.01
AA 2.70
A 9.16
BBB 13.44
BB 1.85
B 0.38
Below B 0.00
Not Rated 2.47
Data through 2024-09-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 571
% of Net Assets in Top 10 Holdings 24.76
Turnover % (as of 2024-03-31) 154.00
30 Day SEC Yield % 4.15
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
Us 5yr Note (Cbt) Dec24 Xcbt 20241231 2024-12-31 541,600 595,125 8.00
2 Year Treasury Note Future Dec 24 2024-12-31 478,000 497,699 6.69
United States Treasury Notes 3.625% 2029-08-31 243,000 243,759 3.28
United States Treasury Notes 4.875% 2030-10-31 89,000 95,009 1.28
United States Treasury Notes 4.625% 2027-06-15 81,000 83,197 1.12
United States Treasury Bonds 4.75% 2043-11-15 71,000 76,611 1.03
Government National Mortgage Association 2% 2050-10-20 75,779 64,363 0.86
Federal Home Loan Mortgage Corp. 4% 2052-06-01 65,688 63,633 0.86
10 Year Treasury Note Future Dec 24 2024-12-19 54,000 61,712 0.83
Government National Mortgage Association 4% 2052-09-20 62,297 60,282 0.81
Data through 2024-09-30
  Principal Risks   
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
Show Risk Definitions
  Other Information
Inception Date: 2001-12-03
Portfolio Manager(s)
Paul Norris   (2023-11-10)
Paul Norris is a vice president and senior portfolio manager within the Global Fixed Income discipline for American Century Investments, a premier investment manager headquartered in Kansas City, Missouri. He is based in the company’s New York office. Paul leads the Securitized Markets team within Global Fixed Income and serves as a senior portfolio manager on several fixed income strategies, including Multi-Sector Credit Income, Short Duration Multi-Sector Credit Income, U.S. Core Fixed Income, U.S. Core Plus Fixed Income, U.S. Ginnie Mae Bond, U.S. Short Duration Bond, U.S. Intermediate Government Bond, U.S. Multi-Sector Floating Rate Income and U.S. Short-Term Government Bond. He is also a member of the firm’s Global Fixed Income Investment Committee, which sets investment outlook for the Global Fixed Income group. Prior to joining American Century in 2023, Paul was managing director and head of structured products at Conning Asset Management. Previously, he was a portfolio manager for Mariner Investment Group, managing an absolute return mortgage strategy. Paul also held prior roles with Dwight Asset Management as head of securitized products and with Fannie Mae as director of mortgage portfolio and liquid assets. He has worked in the industry since 1992. Paul earned a bachelor’s degree in business administration from Towson University and a master’s degree in finance from the University of Maryland.
Charles Tan   (2018-10-31)
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.
Jason Greenblath   (2021-08-01)
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.
Robert V. Gahagan   (2002-12-31)
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.
Investment Advisor(s)
American Century Investment Management Inc
Issuer
American Century Investments
Show Data Definitions

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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.