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ABTRX American Century Government Bond R

  • Fund
  • ABTRX
  • Price as of: Dec 12, 2018
  • $10.61
  • - $0.02
  • - 0.19%
  • Category
  • Government Bonds

ABTRX - Profile

Vitals

  • YTD Return -3.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $720 M
  • Holdings in Top 10 24.7%

52 WEEK LOW AND HIGH

$10.61
$10.45
$10.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 160.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

N/A

Investment Themes

CATEGORY

Government Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return -3.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.35%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Century Government Bond Fund
  • Fund Family Name American Century Investments
  • Inception Date Mar 01, 2010
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Dan Shiffman

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in U.S. government debt securities, including U.S. Treasury securities and other securities issued or guaranteed by the U.S. government and its agencies and instrumentalities.

ABTRX - Performance

Return Ranking - Trailing

Period ABTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.0% -80.0% 18.5% 56.39% 4
1 Yr -1.5% -8.6% 56.6% 71.64% 4
3 Yr 0.0% * -2.2% 5.1% 76.40% 4
5 Yr 0.7% * -1.6% 6.9% 55.94% 3
10 Yr 1.9% * -0.2% 6.4% 65.93% 4

* Annualized


Return Ranking - Calendar

Period ABTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.1% -6.8% 10.5% 13.03% 1
2016 -1.3% -9.3% 4.2% 43.32% 4
2015 -1.2% -46.1% 19.7% 26.80% 2
2014 2.8% -16.6% 41.3% 19.83% 2
2013 -4.9% -26.8% 3.3% 52.49% 4

Total Return Ranking - Trailing

Period ABTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.0% -100.0% 6.9% 55.16% 4
1 Yr -1.5% -9.3% 14.8% 56.50% 3
3 Yr 0.0% * -3.0% 4.8% 61.97% 4
5 Yr 0.7% * -1.8% 6.9% 47.98% 3
10 Yr 1.9% * -0.2% 6.4% 63.52% 4

* Annualized


Total Return Ranking - Calendar

Period ABTRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.1% -6.8% 10.5% 15.28% 2
2016 -1.3% -7.9% 5.6% 59.50% 4
2015 -1.2% -7.8% 19.7% 51.25% 4
2014 2.8% -15.9% 51.5% 36.29% 3
2013 -4.8% -26.7% 7.1% 61.95% 4

NAV & Total Return History

ABTRX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

ABTRX Category Low Category High ABTRX % Rank Quintile
Net Assets 720 M 1.19 M 21.4 B 14.07% 2
Number of Holdings 216 7 15981 17.53% 3
Net Assets in Top 10 200 M -179 M 9.39 B 15.56% 2
Weighting of Top 10 24.7% 0.0% 272.0% 34.32% 5

Top 10 Holdings

  1. Federal National Mortgage Association 3% 5.02%
  2. Federal National Mortgage Association 3.5% 2.93%
  3. United States Treasury Notes 1.5% 2.66%
  4. Federal National Mortgage Association 6.62% 2.55%
  5. United States Treasury Notes 2.5% 2.46%
  6. United States Treasury Notes 2.5% 1.84%
  7. Federal Home Loan Mortgage Corporation 3.17% 1.84%
  8. Us 10yr Note (Cbt)dec18 Xcbt 20181219 1.83%
  9. United States Treasury Notes 1.38% 1.82%
  10. United States Treasury Notes 2% 1.78%

Asset Allocation

Weighting Category Low Category High ABTRX % Rank Quintile
Bonds
96.55% 0.00% 151.70% 21.23% 3
Cash
3.45% -51.58% 100.00% 17.04% 3
Stocks
0.00% -1.79% 15.23% 1.23% 5
Preferred Stocks
0.00% 0.00% 4.86% 1.23% 5
Other
0.00% -47.25% 9.27% 7.90% 5
Convertible Bonds
0.00% 0.00% 0.25% 1.23% 5

Bond Sector Breakdown

Weighting Category Low Category High ABTRX % Rank Quintile
Securitized
62.04% 0.00% 156.52% 14.57% 2
Government
34.50% -64.03% 100.00% 20.99% 3
Cash & Equivalents
3.45% -51.58% 100.00% 17.78% 3
Derivative
0.00% -33.10% 7.04% 1.98% 5
Corporate
0.00% 0.00% 76.92% 14.57% 5
Municipal
0.00% 0.00% 20.21% 6.91% 5

Bond Geographic Breakdown

Weighting Category Low Category High ABTRX % Rank Quintile
US
96.23% -1.93% 151.05% 19.26% 3
Non US
0.32% 0.00% 99.47% 14.07% 3

ABTRX - Expenses

Operational Fees

ABTRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.97% 0.00% 8.57% 26.73% 3
Management Fee 0.46% 0.00% 0.95% 4.20% 4
12b-1 Fee 0.50% 0.00% 1.00% 4.31% 4
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

ABTRX Fees (% of AUM) Category Low Category High ABTRX Rank Quintile
Front Load N/A 0.40% 4.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

ABTRX Fees (% of AUM) Category Low Category High ABTRX Rank Quintile
Max Redemption Fee N/A 0.25% 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.

ABTRX Fees (% of AUM) Category Low Category High ABTRX Rank Quintile
Turnover 160.00% 0.00% 1536.00% 13.40% 4

ABTRX - Distributions

Dividend Yield Analysis

ABTRX Category Low Category High ABTRX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.37% 28.03% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

ABTRX Category Low Category High ABTRX % Rank Quintile
Net Income Ratio 1.35% -3.48% 4.39% 31.19% 3

Capital Gain Distribution Analysis

ABTRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

ABTRX - Managers

Dan Shiffman

Manager

Start Date

Aug 01, 2006

Tenure

12.34

Tenure Rank

4.9%

Shiffman is vice president and portfolio manager, and he joined American Century in May 2004 as a senior structured securities analyst. Prior to joining American Century, he was an investment officer at CalPERS from August 1996 to April 2004. He has a bachelor’s degree in social sciences from the University of California – Berkeley and an MBA from the Thunderbird School of Global Management. He is a CFA charterholder.


James E. Platz

Manager

Start Date

Sep 28, 2007

Tenure

11.18

Tenure Rank

5.7%

Platz is vice president and a senior portfolio manager with American Century, his employer since October 2003. Prior to joining American Century, Platz was a vice president, senior portfolio manager for Standish Mellon Asset Management, formerly Certus Asset Advisors, since August 1995. He received a bachelor’s degree in history and political economies of industrial societies from the University of California – Berkeley, and an MBA from the University of Southern California. He is a CFA charterholder.


Alejandro H. Aguilar

Manager

Start Date

Aug 01, 2006

Tenure

12.34

Tenure Rank

4.9%

Aguilar is vice president and senior portfolio manager at American Century. He is a member of the American Century Taxable Bond team. He joined American Century Investment Management, Inc in October 2003. Prior to joining American Century, he was an Investment Officer with CalPERS from July 2002 to September 2003 and Director of Portfolio Management at TIAA-CREF from May 1997 to April 2002. He has a bachelor’s degree in economics from the University of California – Berkeley and an MBA from the University of Michigan. He is a CFA charterholder.


Brian Howell

Manager

Start Date

Aug 01, 2006

Tenure

12.34

Tenure Rank

4.9%

Mr. Howell, Vice President and Senior Portfolio Manager, joined American Century Investments in 1987. He became a portfolio manager in 1996. He has shared primary responsibility for the management of the funds since 2006, and has served on teams managing fixed-income investments since joining American Century. He has a bachelor’s degree in mathematics/statistics and an MBA from the University of California – Berkeley.


Robert V. Gahagan

Manager

Start Date

Dec 31, 2002

Tenure

15.93

Tenure Rank

3.1%

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.


Tenure Analysis

Category Low

0.0

Category High

32.9

Category Average

7.01

Category Mode

0.5