ACBPX: American Century Diversified Bond I

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ACBPX American Century Diversified Bond I

  • Fund
  • ACBPX
  • Price as of: Jan 17, 2020
  • $11.01
    - $0.01 - 0.09%

Profile

ACBPX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $2.92 B
  • Holdings in Top 10 19.3%

52 WEEK LOW AND HIGH

$11.01
$10.36
$11.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.40%

SALES FEES

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

BROKERAGE FEES

  • Turnover 184.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.00%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century Diversified Bond Fund I Class
  • Fund Family Name
    American Century Investments
  • Inception Date
    Apr 01, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Houston

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in high- and medium-grade, non-money market debt securities. It invests most of its assets in investment-grade securities. The weighted average maturity of the fund's portfolio must be three and one-half years or longer.


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Categories

Performance

ACBPX - Performance

Return Ranking - Trailing

Period ACBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -0.3% 3.8% 55.05%
1 Yr 8.6% -1.5% 23.2% 9.24%
3 Yr 3.5%* -5.1% 8.8% 10.77%
5 Yr 2.7%* -5.9% 6.3% 10.31%
10 Yr 3.7%* -8.6% 8.0% 11.44%

* Annualized

Return Ranking - Calendar

Period ACBPX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -1.7% 83.9% 19.99%
2018 -4.0% -12.4% 0.8% 82.14%
2017 1.1% -6.0% 17.1% 47.16%
2016 0.1% -58.1% 8.6% 39.04%
2015 -2.4% -18.3% 3.0% 73.52%

Total Return Ranking - Trailing

Period ACBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -0.3% 3.8% 55.05%
1 Yr 8.6% -2.6% 23.2% 8.29%
3 Yr 3.5%* -5.1% 8.8% 10.48%
5 Yr 2.7%* -5.9% 6.3% 9.62%
10 Yr 3.7%* -8.6% 8.0% 12.71%

* Annualized

Total Return Ranking - Calendar

Period ACBPX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -1.7% 83.9% 20.42%
2018 -4.0% -11.7% 6.5% 85.06%
2017 1.1% -6.0% 27.0% 56.69%
2016 0.2% -58.1% 10.7% 41.89%
2015 -2.4% -14.6% 4.2% 80.30%

NAV & Total Return History


Holdings

ACBPX - Holdings

Concentration Analysis

ACBPX Category Low Category High ACBPX % Rank
Net Assets 2.92 B 688 K 249 B 21.70%
Number of Holdings 625 1 17590 26.03%
Net Assets in Top 10 609 M -203 M 24.3 B 17.08%
Weighting of Top 10 19.33% 2.3% 138.1% 54.15%

Top 10 Holdings

  1. 2 Year Treasury Note Future Mar20 3.10%
  2. United States Treasury Notes 1.25% 2.49%
  3. United States Treasury Notes 1.62% 2.07%
  4. United States Treasury Notes 1.5% 2.06%
  5. Federal National Mortgage Association 3.5% 1.95%
  6. United States Treasury Notes 1.88% 1.76%
  7. United States Treasury Bonds 3.38% 1.63%
  8. United States Treasury Notes 1.62% 1.59%
  9. Federal National Mortgage Association 3% 1.45%
  10. United States Treasury Notes 1.75% 1.24%

Asset Allocation

Weighting Return Low Return High ACBPX % Rank
Bonds
96.95% 80.34% 160.64% 53.34%
Cash
2.09% -60.64% 28.73% 49.43%
Convertible Bonds
0.96% 0.00% 6.14% 23.33%
Stocks
0.00% -17.64% 26.05% 16.87%
Preferred Stocks
0.00% 0.00% 7.32% 24.01%
Other
0.00% -26.77% 31.28% 19.92%

Bond Sector Breakdown

Weighting Return Low Return High ACBPX % Rank
Securitized
38.41% 0.00% 97.31% 19.25%
Government
29.83% 0.00% 100.00% 22.66%
Corporate
27.96% 0.00% 99.29% 30.75%
Cash & Equivalents
2.07% -26.49% 21.73% 56.29%
Municipal
1.73% 0.00% 100.00% 50.46%
Derivative
0.00% 0.00% 24.34% 21.48%

Bond Geographic Breakdown

Weighting Return Low Return High ACBPX % Rank
US
89.87% 67.16% 160.64% 61.47%
Non US
7.08% -27.08% 20.66% 36.43%

Expenses

ACBPX - Expenses

Operational Fees

ACBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.00% 209.96% 88.88%
Management Fee 0.39% 0.00% 1.25% 46.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

ACBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

ACBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

ACBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 184.00% 0.00% 2053.00% 88.95%

Distributions

ACBPX - Distributions

Dividend Yield Analysis

ACBPX Category Low Category High ACBPX % Rank
Dividend Yield 0.41% 0.00% 5.21% 76.52%

Dividend Distribution Analysis

ACBPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

ACBPX Category Low Category High ACBPX % Rank
Net Income Ratio 3.00% 0.00% 6.30% 27.22%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ACBPX - Fund Manager Analysis

Managers

Jeffrey Houston


Start Date

Tenure

Tenure Rank

Dec 03, 2001

18.09

18.1%

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.

Brian Howell


Start Date

Tenure

Tenure Rank

Dec 31, 2002

17.01

17.0%

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 Gahagan


Start Date

Tenure

Tenure Rank

Dec 31, 2002

17.01

17.0%

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.

Alejandro Aguilar


Start Date

Tenure

Tenure Rank

Dec 31, 2004

15.01

15.0%

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.

Charles Tan


Start Date

Tenure

Tenure Rank

Oct 31, 2018

1.17

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
0.01 33.1 7.64 0.67