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ABHIX American Century High-Yield Inv

  • Fund
  • ABHIX
  • Price as of: Nov 14, 2018
  • $5.43
  • - $0.02
  • - 0.37%
  • Category
  • High Yield Bonds

ABHIX - Profile

Vitals

  • YTD Return -5.1%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $134 M
  • Holdings in Top 10 7.1%

52 WEEK LOW AND HIGH

$5.43
$5.43
$5.77

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 -5.1%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 3.1%
  • 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 -5.1% -100.0% 10775.8% 55.37% 4
1 Yr -0.1% -100.0% 20.4% 62.50% 4
3 Yr 4.6% * -100.0% 12.4% 49.11% 3
5 Yr 3.1% * -100.0% 9.3% 71.94% 4
10 Yr 8.4% * -13.3% 12.4% 67.17% 4

* 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 -5.1% -100.0% 10775.8% 55.30% 4
1 Yr -0.1% -100.0% 20.4% 49.38% 3
3 Yr 4.6% * -100.0% 12.4% 41.03% 3
5 Yr 3.1% * -100.0% 9.3% 63.17% 4
10 Yr 8.4% * -13.3% 12.4% 65.43% 4

* 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: Sep 30, 2018

Concentration Analysis

ABHIX Category Low Category High ABHIX % Rank Quintile
Net Assets 134 M 635 K 23.2 B 26.53% 4
Number of Holdings 385 1 1574 11.04% 2
Net Assets in Top 10 6.33 M -32.2 M 3.56 B 31.90% 5
Weighting of Top 10 7.1% 0.0% 100.0% 30.83% 5

Top 10 Holdings

  1. Credit Agricole Corporate and Investment Bank 0% 1.33%
  2. Transocean Inc. 9% 0.69%
  3. Sp9f04jk1 Cds Usd R F 5.00000 5h865cad7 0.66%
  4. Post Holdings Inc. 5% 0.64%
  5. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.75% 0.64%
  6. Sp9f04jm7 Cds Usd R F 1.00000 2f664bad9 0.62%
  7. Sp9f04jm7 Cds Usd P V 03mevent Sp9f04jm7_pro Corporate 0.62%
  8. Sp9f04jk1 Cds Usd P V 03mevent Sp9f04jk1_pro Corporate 0.62%
  9. Constellium N.V. 6.62% 0.61%
  10. Level 3 Financing, Inc. 5.25% 0.61%

Asset Allocation

Weighting Category Low Category High ABHIX % Rank Quintile
Bonds
98.14% -16.15% 112.20% 2.45% 1
Convertible Bonds
1.33% 0.00% 22.08% 7.82% 2
Other
0.36% -14.71% 38.60% 14.11% 3
Cash
0.18% -11.47% 116.15% 31.13% 5
Stocks
0.00% -0.05% 99.32% 18.10% 5
Preferred Stocks
0.00% 0.00% 11.87% 13.96% 5

Bond Sector Breakdown

Weighting Category Low Category High ABHIX % Rank Quintile
Corporate
98.88% 0.00% 112.63% 1.07% 1
Securitized
0.34% 0.00% 64.09% 12.88% 2
Government
0.19% -6.83% 70.71% 11.50% 2
Cash & Equivalents
0.18% -7.60% 100.00% 29.75% 5
Derivative
0.06% -19.62% 16.15% 4.14% 1
Municipal
0.00% 0.00% 100.56% 3.22% 5

Bond Geographic Breakdown

Weighting Category Low Category High ABHIX % Rank Quintile
US
85.84% -16.15% 99.79% 5.37% 1
Non US
12.30% 0.00% 51.91% 21.63% 4

ABHIX - Expenses

Operational Fees

ABHIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.86% 0.00% 5.43% 22.73% 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% 18.13% 1

ABHIX - Distributions

Dividend Yield Analysis

ABHIX Category Low Category High ABHIX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.33% 38.66% 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% 20.43% 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

8.35

Tenure Rank

7.2%

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

10.64

Tenure Rank

5.3%

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

3.69

Tenure Rank

13.9%

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

58.5

Category Average

7.02

Category Mode

0.5