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ABHIX American Century High-Yield Inv

  • Fund
  • ABHIX
  • Price as of: May 17, 2019
  • $5.54 - $0.00 - 0.00%
  • Category
  • High Yield Bonds

ABHIX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -2.4%
  • Net Assets $139 M
  • Holdings in Top 10 7.8%

52 WEEK LOW AND HIGH

$5.54
$5.21
$5.61

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 5.7%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.03%
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 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 (%)
YTD 5.7% -6.3% 15.9% 61.52%
1 Yr -0.5% -13.4% 4.0% 65.99%
3 Yr 0.6%* -6.9% 7.1% 69.94%
5 Yr -2.4%* -8.1% 1.6% 63.83%
10 Yr 0.9%* -13.4% 5.2% 80.51%

* Annualized


Return Ranking - Calendar

Period ABHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.4% -23.1% -0.4% 64.10%
2017 0.7% -9.5% 28.5% 70.45%
2016 8.0% -14.4% 28.6% 29.23%
2015 -10.5% -34.3% 1.0% 79.54%
2014 -4.9% -23.1% 27.7% 57.71%

Total Return Ranking - Trailing

Period ABHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -6.3% 15.9% 64.73%
1 Yr -0.5% -13.4% 5.9% 75.30%
3 Yr 0.6%* -6.9% 10.5% 77.24%
5 Yr -2.2%* -7.5% 5.7% 74.68%
10 Yr 1.3%* -13.4% 9.2% 83.03%

* Annualized


Total Return Ranking - Calendar

Period ABHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.4% -23.1% 1.3% 71.20%
2017 0.7% -4.9% 36.8% 76.45%
2016 8.0% -14.4% 39.0% 43.63%
2015 -10.5% -28.3% 4.3% 83.09%
2014 -4.0% -21.8% 27.7% 64.32%

NAV & Total Return History

ABHIX - Holdings

Concentration Analysis

ABHIX Category Low Category High ABHIX % Rank
Net Assets 139 M 673 K 24.4 B 79.96%
Number of Holdings 362 6 1644 35.27%
Net Assets in Top 10 7.31 M -36.7 K 3.73 B 91.58%
Weighting of Top 10 7.76% 5.4% 100.1% 84.97%

Top 10 Holdings

  1. Sp9u1r711 Cds Usd R F 5.00000 Markit Cdx Na Hy Ice Ccp 1.44%

  2. Sp9u1r711 Cds Usd P V 00mevent 2i65brlr9 Ice Ccp 1.35%

  3. TransDigm, Inc. 6.25% 0.72%

  4. Transocean Inc. 9% 0.64%

  5. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.75% 0.64%

  6. Post Holdings Inc. 5% 0.63%

  7. Constellium N.V. 6.62% 0.59%

  8. Level 3 Financing, Inc. 5.25% 0.59%

  9. Sunoco LP / Sunoco Finance Corp 5.5% 0.58%

  10. United Rentals (North America), Inc. 5.75% 0.57%


Asset Allocation

Weighting Return Low Return High ABHIX % Rank
Bonds
89.74% -14.92% 103.60% 82.16%
Cash
9.95% -4.10% 114.92% 8.82%
Other
0.32% -5.62% 22.60% 25.45%
Stocks
0.00% -0.44% 99.99% 67.54%
Preferred Stocks
0.00% 0.00% 11.13% 49.70%
Convertible Bonds
0.00% 0.00% 17.73% 66.53%

Bond Sector Breakdown

Weighting Return Low Return High ABHIX % Rank
Corporate
89.16% 0.00% 105.22% 75.35%
Cash & Equivalents
3.89% -1.83% 114.92% 52.10%
Securitized
0.31% 0.00% 61.18% 28.66%
Government
0.18% -5.69% 66.73% 23.25%
Derivative
0.09% -14.92% 10.55% 14.63%
Municipal
0.00% 0.00% 99.98% 13.23%

Bond Geographic Breakdown

Weighting Return Low Return High ABHIX % Rank
US
78.40% -14.92% 99.77% 58.32%
Non US
11.34% 0.00% 58.16% 65.33%

ABHIX - Expenses

Operational Fees

ABHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.00% 6.42% 67.33%
Management Fee 0.84% 0.00% 1.00% 96.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 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

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 Return Low Category Return High Rank in Category (%)
Turnover 20.00% 5.00% 1334.00% 7.41%

ABHIX - Distributions

Dividend Yield Analysis

ABHIX Category Low Category High ABHIX % Rank
Dividend Yield 0.04% 0.00% 1.62% 55.31%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

ABHIX Category Low Category High ABHIX % Rank
Net Income Ratio 5.03% -1.92% 7.02% 47.29%

Capital Gain Distribution Analysis

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

ABHIX - Managers

Kevin S. Akioka

Manager

Start Date

Tenure

Tenure Rank

Jun 29, 2010

8.84

8.8%

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.


Gavin Fleischman

Manager

Start Date

Tenure

Tenure Rank

Feb 23, 2015

4.18

4.2%

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

34.71

Category Average

6.92

Category Mode

0.33