ABHIX: American Century High-Yield Inv

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ABHIX American Century High-Yield Inv


Profile

ABHIX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $134 M
  • Holdings in Top 10 8.6%

52 WEEK LOW AND HIGH

$5.57
$4.54
$5.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

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

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    17533635
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gavin Fleischman

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.


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Categories

Performance

ABHIX - Performance

Return Ranking - Trailing

Period ABHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -17.8% 4.4% 18.30%
1 Yr -0.2% -16.9% 5.6% 20.61%
3 Yr -1.2%* -9.2% 2.1% 27.34%
5 Yr -0.5%* -4.9% 2.3% 31.46%
10 Yr -0.7%* -2.4% 1.4% 57.40%

* Annualized

Return Ranking - Calendar

Period ABHIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -1.3% 12.6% 48.25%
2018 -8.4% -14.2% -0.4% 64.55%
2017 0.7% -5.7% 4.9% 60.10%
2016 8.0% 0.5% 13.4% 34.95%
2015 -10.5% -17.8% 1.0% 77.30%

Total Return Ranking - Trailing

Period ABHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -17.8% 4.4% 18.30%
1 Yr -0.2% -16.9% 5.6% 20.61%
3 Yr -1.2%* -9.2% 2.8% 45.79%
5 Yr -0.5%* -4.9% 5.1% 50.28%
10 Yr -0.3%* -2.4% 6.5% 63.68%

* Annualized

Total Return Ranking - Calendar

Period ABHIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -1.3% 12.6% 51.10%
2018 -8.4% -14.2% 0.4% 71.82%
2017 0.7% -5.1% 9.3% 69.57%
2016 8.0% 0.5% 20.7% 49.73%
2015 -10.5% -17.8% 1.0% 80.75%

NAV & Total Return History


Holdings

ABHIX - Holdings

Concentration Analysis

ABHIX Category Low Category High ABHIX % Rank
Net Assets 134 M 251 K 25.6 B 79.57%
Number of Holdings 295 3 1647 61.72%
Net Assets in Top 10 11.1 M -362 M 2.13 B 85.16%
Weighting of Top 10 8.62% 4.1% 98.5% 69.93%

Top 10 Holdings

  1. iShares Broad USD High Yield Corp Bd ETF 1.00%
  2. Altice Financing S.A. 7.5% 0.99%
  3. iShares iBoxx $ High Yield Corp Bd ETF 0.98%
  4. Ford Motor Company 8.5% 0.89%
  5. The Boeing Company 5.15% 0.87%
  6. Virgin Media Finance PLC 5% 0.82%
  7. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 0.80%
  8. TransDigm, Inc. 6.25% 0.78%
  9. Kraft Heinz Foods Company 3.75% 0.76%
  10. M.D.C. Holdings Inc. 3.85% 0.74%

Asset Allocation

Weighting Return Low Return High ABHIX % Rank
Bonds
96.19% 81.94% 148.76% 35.27%
Cash
3.54% -49.31% 18.01% 44.52%
Convertible Bonds
0.26% 0.00% 6.42% 61.08%
Stocks
0.00% 0.00% 9.03% 79.78%
Preferred Stocks
0.00% 0.00% 5.38% 67.74%
Other
0.00% -4.83% 7.56% 60.43%

Bond Sector Breakdown

Weighting Return Low Return High ABHIX % Rank
Corporate
96.21% 1.80% 100.00% 42.15%
Cash & Equivalents
3.54% 0.00% 14.07% 44.09%
Securitized
0.25% 0.00% 10.88% 27.74%
Derivative
0.00% 0.00% 4.03% 54.41%
Municipal
0.00% 0.00% 0.58% 47.53%
Government
0.00% 0.00% 93.17% 61.94%

Bond Geographic Breakdown

Weighting Return Low Return High ABHIX % Rank
US
84.89% 67.67% 127.59% 24.73%
Non US
11.30% 0.29% 29.53% 60.65%

Expenses

ABHIX - Expenses

Operational Fees

ABHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.13% 20.17% 69.41%
Management Fee 0.77% 0.00% 1.25% 94.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

ABHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

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 Return Low Category Return High Rank in Category (%)
Turnover 38.00% 16.00% 353.00% 19.70%

Distributions

ABHIX - Distributions

Dividend Yield Analysis

ABHIX Category Low Category High ABHIX % Rank
Dividend Yield 0.00% 0.00% 2.43% 45.16%

Dividend Distribution Analysis

ABHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ABHIX Category Low Category High ABHIX % Rank
Net Income Ratio 4.55% 2.13% 9.34% 77.11%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ABHIX - Fund Manager Analysis

Managers

Gavin Fleischman


Start Date

Tenure

Tenure Rank

Feb 23, 2015

5.44

5.4%

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.

Jeffrey Houston


Start Date

Tenure

Tenure Rank

May 25, 2019

1.19

1.2%

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.

Charles Tan


Start Date

Tenure

Tenure Rank

May 25, 2019

1.19

1.2%

Mr. Tan joined American Century Investment Management, Inc. in 2018. Prior to joining American Century, Mr. Tan worked at Aberdeen Standard Investments from 2005 to 2018. Mr. Tan began his investment career in 1994 and earned a B.S. from University of International Business and Economics, Beijing and an M.B.A from Bucknell University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 35.96 6.9 1.58