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Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DIVERSIFIED BOND FUND

ADFIX | Fund

$9.03

$6.01 B

4.60%

$0.42

0.60%

Vitals

YTD Return

1.1%

1 yr return

1.1%

3 Yr Avg Return

-2.9%

5 Yr Avg Return

-0.5%

Net Assets

$6.01 B

Holdings in Top 10

14.5%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 238.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DIVERSIFIED BOND FUND

ADFIX | Fund

$9.03

$6.01 B

4.60%

$0.42

0.60%

ADFIX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DIVERSIFIED BOND FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Dec 03, 2001
  • Shares Outstanding
    73641022
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • 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. These securities, which may be payable in U.S. or foreign currencies, may include corporate bonds and notes, government securities, securities backed by mortgages or other assets, collateralized loan obligations, and collateralized mortgage obligations. Shorter-term debt securities round out the portfolio.
The fund invests most of its assets in investment-grade securities. An investment-grade security is one that has been rated by an independent rating agency in its top four credit quality categories or determined by the advisor to be of comparable credit quality. The weighted average maturity of the fund’s portfolio must be three and one-half years or longer.
The fund may invest in securities issued or guaranteed by the U.S. Treasury and certain U.S. government agencies or instrumentalities such as the Government National Mortgage Association (Ginnie Mae). Ginnie Mae is supported by the full faith and credit of the U.S. government. Securities issued or guaranteed by other U.S. government agencies or instrumentalities, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank (FHLB) are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, they are authorized to borrow from the U.S. Treasury to meet their obligations.
In addition to the debt securities described above, the fund may also invest in bank loans.
The fund also may invest in derivative instruments provided that such investments are in keeping with the fund’s investment objective. Such derivatives may include futures contracts, options on futures contracts, and swaps (including credit default swaps). The fund may use foreign currency exchange contracts to shift investment exposure from one currency into another for hedging purposes.
The portfolio managers select securities using an approach that integrates macroeconomic inputs, technical analysis of the relative value among various sectors, and fundamental research on individual securities. The macroeconomic framework provides interest rate and duration guidelines for the fund by analyzing economic activity, inflation, and monetary policy. Portfolio managers select individual securities using in-depth fundamental analysis designed to provide a detailed understanding of the credit worthiness of a security and its related market. As the market environment and investment opportunities change, portfolio managers buy and sell securities to meet the fund’s evolving sector allocations and credit quality standards.
The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
Read More

ADFIX - Performance

Return Ranking - Trailing

Period ADFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -8.3% 9.4% 64.42%
1 Yr 1.1% -8.6% 9.4% 68.05%
3 Yr -2.9%* -10.8% 27.3% 71.78%
5 Yr -0.5%* -7.6% 58.2% 65.32%
10 Yr 1.0%* -3.0% 73.8% 72.91%

* Annualized

Return Ranking - Calendar

Period ADFIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.3% -16.2% 8.1% 79.83%
2022 -16.0% -34.7% 131.9% 48.83%
2021 -3.3% -11.6% 4.4% 44.16%
2020 3.5% -9.9% 946.1% 61.91%
2019 5.9% -1.7% 16.9% 39.74%

Total Return Ranking - Trailing

Period ADFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -8.3% 9.4% 64.42%
1 Yr 1.1% -8.6% 9.4% 68.05%
3 Yr -2.9%* -10.8% 27.3% 71.78%
5 Yr -0.5%* -7.6% 58.2% 65.32%
10 Yr 1.0%* -3.0% 73.8% 72.91%

* Annualized

Total Return Ranking - Calendar

Period ADFIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -11.3% 11.9% 64.97%
2022 -13.8% -32.2% 131.9% 55.74%
2021 -0.7% -9.4% 9.2% 38.71%
2020 8.2% -1.9% 1009.0% 51.67%
2019 8.3% 1.1% 21668.0% 66.75%

NAV & Total Return History

ADFIX - Holdings

Concentration Analysis

ADFIX Category Low Category High ADFIX % Rank
Net Assets 6.01 B 2.9 M 314 B 23.94%
Number of Holdings 582 1 17880 56.91%
Net Assets in Top 10 895 M 1.59 M 35.1 B 32.29%
Weighting of Top 10 14.48% 4.7% 3984.6% 85.40%

Top 10 Holdings

  1. United States Treasury Note/Bond 3.63 08/31/2029 3.94%
  2. United States Treasury Note/Bond 4.88 10/31/2030 1.54%
  3. LMA-Americas LLC 0.00 10/01/2024 1.41%
  4. United States Treasury Note/Bond 4.63 06/15/2027 1.35%
  5. United States Treasury Note/Bond 4.75 11/15/2043 1.24%
  6. Ginnie Mae II Pool 2.00 1.04%
  7. Freddie Mac Pool 4.00 1.03%
  8. Lion Bay Funding LLC 0.00 10/01/2024 1.00%
  9. Ginnie Mae II Pool 4.00 0.98%
  10. Ginnie Mae II Pool 4.50 0.96%

Asset Allocation

Weighting Return Low Return High ADFIX % Rank
Bonds 		96.14% 0.00% 9231.88% 42.80%
Cash 		4.14% -54.51% 237.69% 39.77%
Preferred Stocks 		1.52% 0.00% 72.34% 3.95%
Convertible Bonds 		1.41% 0.00% 7.93% 52.30%
Stocks 		0.00% 0.00% 99.98% 98.96%
Other 		-0.01% -27.25% 1695.17% 95.53%

Bond Sector Breakdown

Weighting Return Low Return High ADFIX % Rank
Government 		42.69% 0.00% 86.23% 13.49%
Securitized 		27.17% 0.00% 98.40% 57.43%
Corporate 		23.63% 0.00% 100.00% 76.15%
Cash & Equivalents 		4.14% 0.00% 237.69% 38.63%
Municipal 		1.39% 0.00% 100.00% 20.82%
Derivative 		-0.01% -6.56% 43.84% 65.21%

Bond Geographic Breakdown

Weighting Return Low Return High ADFIX % Rank
US 		96.14% 0.00% 9042.62% 40.81%
Non US 		0.00% 0.00% 189.26% 99.07%

ADFIX - Expenses

Operational Fees

ADFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 39.64% 60.19%
Management Fee 0.59% 0.00% 1.76% 95.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

ADFIX 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% 4.00% N/A

Trading Fees

ADFIX 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.

ADFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 238.00% 2.00% 493.39% 75.73%

ADFIX - Distributions

Dividend Yield Analysis

ADFIX Category Low Category High ADFIX % Rank
Dividend Yield 4.60% 0.00% 10.11% 36.68%

Dividend Distribution Analysis

ADFIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

ADFIX Category Low Category High ADFIX % Rank
Net Income Ratio 1.41% -1.28% 4.79% 69.66%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ADFIX - Fund Manager Analysis

Managers

Jeffrey Houston

Start Date

Tenure

Tenure Rank

Dec 03, 2001

20.5

20.5%

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.

Robert Gahagan

Start Date

Tenure

Tenure Rank

Dec 31, 2002

19.43

19.4%

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.

Charles Tan

Start Date

Tenure

Tenure Rank

Oct 31, 2018

3.58

3.6%

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.

Peter Van Gelderen

Start Date

Tenure

Tenure Rank

Jun 05, 2021

0.99

1.0%

Mr. Van Gelderen joined Guggenheim in 2014, as Managing Director focusing on structured products and asset backed securities. Prior to joining Guggenheim, he worked as a senior portfolio manager for structured products at ADH Investment Management and Stark Investments from 2007 to 2013 in San Francisco and Milwaukee. Prior to Stark, Mr. Van Gelderen worked in whole loan transaction management at Countrywide Securities Corporation and began his career as a corporate attorney at Thelen, Reid & Priest. Mr. Van Gelderen received his J.D. from Georgetown University Law Center and B.A. in English from Duke University.

Jason Greenblath

Start Date

Tenure

Tenure Rank

Aug 01, 2021

0.83

0.8%

Mr. Greenblath, Vice President and Senior Portfolio Manager, has served on teams managing fixed-income investments since joining American Century Investment Management, Inc. in 2019. Prior to joining American Century, Mr. Greenblath worked at Aberdeen Standard Investments as head of U.S. investment grade credit from 2018 to 2019, head of U.S. investment grade credit research from 2014 to 2018 and as a portfolio manager from 2012 to 2018. He has a bachelor’s degree in finance from Pennsylvania State University

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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