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ABHIX American Century High-Yield Inv

  • Fund
  • ABHIX
  • Price as of: Sep 18, 2018
  • $5.61
  • + $0.01
  • + 0.18%
  • Category
  • High Yield Bonds

ABHIX - Profile

Vitals

  • YTD Return -1.9%
  • 3 Yr Annualized Return 5.2%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $139 M
  • Holdings in Top 10 6.2%

52 WEEK LOW AND HIGH

$5.61
$5.53
$5.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return -1.9%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.03%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Century High-Yield Fund
  • Fund Family Name American Century Investments
  • Inception Date Sep 30, 1997
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin S. Akioka

Fund Description

The portfolio managers will maintain at least 80% of the fund's net assets in high-yield corporate bonds and other debt instruments. The remaining assets may be invested in common stocks or other equity-related securities. Up to 40% of the fund's total assets may be invested in fixed-income obligations of foreign issuers. It may invest up to 20% of its assets in short-term money market instruments and U.S. government securities. The fund has no average maturity limitations, but it typically invests in intermediate-term and long-term debt securities.

ABHIX - Performance

Return Ranking - Trailing

Period ABHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.9% -100.0% 10775.8% 40.28% 3
1 Yr 2.3% -100.0% 20.4% 56.17% 3
3 Yr 5.2% * -100.0% 13.2% 43.30% 3
5 Yr 4.0% * -100.0% 12.3% 68.28% 4
10 Yr 6.6% * -12.7% 12.4% 56.09% 3

* Annualized


Return Ranking - Calendar

Period ABHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.7% -72.4% 28.5% 49.28% 4
2016 8.0% -23.4% 332.1% 21.77% 2
2015 -10.5% -34.3% 1.0% 55.65% 5
2014 -4.9% -21.7% 31.6% 41.73% 4
2013 -0.8% -16.9% 22.2% 49.03% 4

Total Return Ranking - Trailing

Period ABHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.9% -100.0% 10775.8% 39.88% 3
1 Yr 2.3% -100.0% 20.4% 43.21% 3
3 Yr 5.2% * -100.0% 13.2% 36.03% 2
5 Yr 4.0% * -100.0% 12.3% 60.14% 4
10 Yr 6.6% * -12.7% 12.4% 52.17% 3

* Annualized


Total Return Ranking - Calendar

Period ABHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.7% -72.4% 28.5% 49.60% 4
2016 8.0% -13.3% 332.1% 35.68% 3
2015 -10.5% -30.4% 9.9% 63.67% 5
2014 -4.0% -18.4% 55.9% 58.63% 4
2013 0.1% -16.9% 39.9% 62.45% 4

NAV & Total Return History

ABHIX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

ABHIX Category Low Category High ABHIX % Rank Quintile
Net Assets 139 M 768 K 23.7 B 26.23% 4
Number of Holdings 431 1 1574 9.51% 2
Net Assets in Top 10 2.19 M -32.2 M 3.49 B 35.28% 5
Weighting of Top 10 6.2% 0.0% 100.0% 33.13% 5

Top 10 Holdings

  1. Transocean Inc. 9% 0.64%
  2. Sp9f04jk1 Cds Usd R F 5.00000 5h865cad7 0.63%
  3. Post Holdings Inc. 5% 0.60%
  4. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.75% 0.59%
  5. Sp9f04jm7 Cds Usd R F 1.00000 2f664bad9 0.59%
  6. Sp1a20n21 Cds Usd P F 1.00000 669b27ab6 0.58%
  7. Sp3a28928 Cds Usd P F 1.00000 49eb20ad7 0.58%
  8. Sp3a289g7 Cds Usd P F 1.00000 7i478cac4 0.58%
  9. Sp4a1joe1 Cds Usd P F 1.00000 Sp4a1joe1 0.58%
  10. Ally Financial Inc. 5.75% 0.77%

Asset Allocation

Weighting Category Low Category High ABHIX % Rank Quintile
Bonds
97.83% -16.15% 111.64% 3.68% 1
Cash
1.35% -11.47% 116.15% 26.84% 4
Other
0.68% -13.53% 38.60% 12.73% 2
Convertible Bonds
0.11% 0.00% 22.08% 16.26% 3
Stocks
0.03% -0.03% 99.62% 17.64% 4
Preferred Stocks
0.00% 0.00% 16.27% 15.64% 5

Stock Sector Breakdown

Weighting Category Low Category High ABHIX % Rank Quintile
Energy
0.03% 0.00% 9.63% 11.88% 3
Utilities
0.00% 0.00% 3.16% 5.36% 5
Technology
0.00% 0.00% 28.77% 5.75% 5
Real Estate
0.00% 0.00% 5.06% 4.98% 5
Industrials
0.00% 0.00% 14.07% 8.81% 5
Healthcare
0.00% 0.00% 17.03% 6.13% 5
Financial Services
0.00% 0.00% 18.20% 8.24% 5
Communication Services
0.00% 0.00% 4.06% 6.32% 5
Consumer Defense
0.00% 0.00% 6.19% 5.56% 5
Consumer Cyclical
0.00% 0.00% 15.30% 10.34% 5
Basic Materials
0.00% 0.00% 4.07% 8.62% 5

Stock Geographic Breakdown

Weighting Category Low Category High ABHIX % Rank Quintile
US
0.03% -0.03% 79.34% 17.79% 3
Non US
0.00% 0.00% 51.07% 8.44% 5

Bond Sector Breakdown

Weighting Category Low Category High ABHIX % Rank Quintile
Corporate
97.44% 0.00% 112.39% 3.07% 1
Securitized
0.32% 0.00% 63.91% 13.50% 2
Cash & Equivalents
0.26% -8.50% 100.00% 29.45% 5
Government
0.19% -8.67% 69.04% 12.27% 2
Municipal
0.00% 0.00% 100.41% 3.53% 5
Derivative
-0.01% -19.62% 16.15% 5.37% 5

Bond Geographic Breakdown

Weighting Category Low Category High ABHIX % Rank Quintile
US
84.29% -16.15% 99.98% 6.60% 1
Non US
13.54% 0.00% 51.91% 19.17% 3

ABHIX - Expenses

Operational Fees

ABHIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.86% 0.00% 5.43% 23.04% 2
Management Fee 0.84% 0.00% 1.00% 0.61% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

ABHIX Fees (% of AUM) Category Low Category High ABHIX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

ABHIX Fees (% of AUM) Category Low Category High ABHIX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABHIX Fees (% of AUM) Category Low Category High ABHIX Rank Quintile
Turnover 20.00% 6.98% 1517.00% 18.28% 1

ABHIX - Distributions

Dividend Yield Analysis

ABHIX Category Low Category High ABHIX % Rank Quintile
Dividend Yield 0.3% 0.00% 6.16% 42.61% 4

Dividend Distribution Analysis

ABHIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABHIX Category Low Category High ABHIX % Rank Quintile
Net Income Ratio 5.03% -2.30% 8.71% 21.04% 3

Capital Gain Distribution Analysis

ABHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

ABHIX - Managers

Kevin S. Akioka

Manager

Start Date

Jun 29, 2010

Tenure

8.18

Tenure Rank

7.4%

Mr. Akioka, Vice President and Senior Portfolio Manager, has served on teams managing fixed-income investments for American Century since joining the American Century Investment Management, Inc in 2010. Prior to joining American Century Investments, he spent four years at Macquarie Group, Ltd. as a senior vice president and portfolio manager, managing high-yield bond allocations and credit derivative positions. From 1997 to 2006, he was a principal at Payden & Rygel and head of their corporate credit department. He has a bachelor's degree in economics and psychology from the University of California, Irvine and an MBA from New York University. He is a CFA charterholder.


G. David MacEwen

Manager

Start Date

Mar 14, 2008

Tenure

10.47

Tenure Rank

5.4%

Mr. MacEwen, Co-Chief Investment Officer , has served on teams managing fixed-income investments for American Century since joining the advisor in 1991. He has a bachelor’s degree in economics from Boston University and an MBA in finance from the University of Delaware.


Gavin Fleischman

Manager

Start Date

Feb 23, 2015

Tenure

3.52

Tenure Rank

14.6%

Mr. Fleischman, Vice President and Portfolio Manager, has served on teams managing fixed-income investments for American Century since joining the advisor in 2008 as a corporate analyst. He was promoted to portfolio manager in 2015. He has a bachelor’s degree in history from Lafayette College and an MBA in finance from Fordham University.


Tenure Analysis

Category Low

0.0

Category High

58.2

Category Average

6.87

Category Mode

3.6