AHGVX: American Century NT High Income Investor

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AHGVX American Century NT High Income Investor


Profile

AHGVX - Profile

Vitals

  • YTD Return -7.5%
  • 3 Yr Annualized Return -3.1%
  • 5 Yr Annualized Return N/A
  • Net Assets $614 M
  • Holdings in Top 10 6.4%

52 WEEK LOW AND HIGH

$9.02
$7.52
$9.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

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

BROKERAGE FEES

  • Turnover 58.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -7.5%
  • 3 Yr Annualized Total Return -3.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century NT High Income Fund
  • Fund Family Name
    American Century Investments
  • Inception Date
    May 19, 2017
  • Shares Outstanding
    12669118
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Crall

Fund Description

Under normal market conditions, the fund invests primarily in high-yield corporate bonds and other debt instruments with an emphasis on those that are rated below investment-grade. A high-yield security, or junk bond, is one that has been rated below the four highest categories used by a nationally recognized statistical rating organization, or, if unrated, determined by the investment advisor to be of similar quality. Generally, the fund invests in U.S. dollar denominated securities; however, the fund may invest in securities denominated in foreign currencies.


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Categories

Performance

AHGVX - Performance

Return Ranking - Trailing

Period AHGVX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.5% -19.7% 6.2% 73.76%
1 Yr -6.6% -18.8% 9.2% 69.00%
3 Yr -3.1%* -9.6% 1.7% 67.32%
5 Yr N/A* -6.2% 1.2% N/A
10 Yr N/A* -4.1% 1.3% N/A

* Annualized

Return Ranking - Calendar

Period AHGVX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% 0.7% 12.6% 69.70%
2018 -8.4% -14.2% -1.8% 66.75%
2017 N/A -5.7% 4.9% N/A
2016 N/A 1.1% 13.4% N/A
2015 N/A -20.6% 1.0% N/A

Total Return Ranking - Trailing

Period AHGVX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.5% -19.7% 6.2% 73.76%
1 Yr -6.6% -18.8% 9.2% 69.00%
3 Yr -3.1%* -9.6% 4.0% 76.34%
5 Yr N/A* -6.2% 3.7% N/A
10 Yr N/A* -4.1% 6.4% N/A

* Annualized

Total Return Ranking - Calendar

Period AHGVX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% 0.7% 12.6% 71.98%
2018 -8.4% -14.2% 0.4% 73.11%
2017 N/A -5.1% 9.3% N/A
2016 N/A 1.1% 20.7% N/A
2015 N/A -20.6% 1.0% N/A

NAV & Total Return History


Holdings

AHGVX - Holdings

Concentration Analysis

AHGVX Category Low Category High AHGVX % Rank
Net Assets 614 M 251 K 25.6 B 47.54%
Number of Holdings 962 3 1596 4.91%
Net Assets in Top 10 33.8 M -362 M 2.13 B 60.04%
Weighting of Top 10 6.43% 4.1% 98.9% 97.28%

Top 10 Holdings

  1. Sprint Capital Corporation 8.75% 0.93%
  2. Bausch Health Companies Inc 6.12% 0.81%
  3. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.75% 0.74%
  4. Sprint Corporation 7.88% 0.70%
  5. TransDigm, Inc. 5.5% 0.62%
  6. Post Holdings Inc. 5.75% 0.57%
  7. Kraft Heinz Foods Company 4.38% 0.53%
  8. 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 5% 0.52%
  9. First Quantum Minerals Ltd. 6.5% 0.51%
  10. ALTICE FRANCE S.A 7.38% 0.49%

Asset Allocation

Weighting Return Low Return High AHGVX % Rank
Bonds
98.02% 80.46% 148.76% 8.93%
Cash
1.39% -49.31% 19.40% 82.59%
Convertible Bonds
0.32% 0.00% 6.42% 50.45%
Stocks
0.20% 0.00% 8.60% 47.77%
Preferred Stocks
0.07% 0.00% 5.25% 34.15%
Other
0.00% -4.83% 41.18% 36.61%

Stock Sector Breakdown

Weighting Return Low Return High AHGVX % Rank
Energy
66.09% 0.00% 100.00% 19.86%
Technology
31.37% 0.00% 43.86% 1.08%
Communication Services
2.54% 0.00% 100.00% 45.85%
Utilities
0.00% 0.00% 100.00% 36.82%
Real Estate
0.00% 0.00% 75.20% 20.58%
Industrials
0.00% 0.00% 100.00% 53.43%
Healthcare
0.00% 0.00% 100.00% 44.40%
Financial Services
0.00% 0.00% 100.00% 30.69%
Consumer Defense
0.00% 0.00% 23.29% 15.52%
Consumer Cyclical
0.00% 0.00% 100.00% 36.82%
Basic Materials
0.00% 0.00% 100.00% 31.41%

Stock Geographic Breakdown

Weighting Return Low Return High AHGVX % Rank
US
0.20% 0.00% 8.60% 46.88%
Non US
0.00% 0.00% 0.94% 27.23%

Bond Sector Breakdown

Weighting Return Low Return High AHGVX % Rank
Corporate
98.30% 58.22% 100.00% 12.05%
Cash & Equivalents
1.39% 0.00% 32.30% 85.94%
Government
0.30% 0.00% 21.25% 20.31%
Derivative
0.00% 0.00% 7.46% 25.45%
Securitized
0.00% 0.00% 11.23% 41.74%
Municipal
0.00% 0.00% 0.60% 14.96%

Bond Geographic Breakdown

Weighting Return Low Return High AHGVX % Rank
US
83.51% 65.89% 127.59% 35.94%
Non US
14.51% 0.17% 29.53% 32.14%

Expenses

AHGVX - Expenses

Operational Fees

AHGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.13% 20.17% 68.62%
Management Fee 0.78% 0.00% 1.10% 96.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

AHGVX 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

AHGVX 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.

AHGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 16.00% 216.00% 53.85%

Distributions

AHGVX - Distributions

Dividend Yield Analysis

AHGVX Category Low Category High AHGVX % Rank
Dividend Yield 0.00% 0.00% 2.43% 14.96%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AHGVX Category Low Category High AHGVX % Rank
Net Income Ratio 5.51% 2.13% 9.34% 30.34%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AHGVX - Fund Manager Analysis

Managers

David Crall


Start Date

Tenure

Tenure Rank

May 19, 2017

3.12

3.1%

David Crall, CFA, is the President, Chief Executive Officer, Chief Investment Officer and a managing director with NCRAM. He is also a member of NCRAM's Board of Directors. Mr. Crall became President and Chief Executive Officer of NCRAM in June 2019, and in this capacity he is responsible for the firm's overall management and business strategy. In addition, as Chief Investment Officer since January 2010, he leads the investment activities and investment team of NCRAM. He is the Chairman of NCRAM's management, investment, risk monitoring, and ESG Committees. Previously, he was a portfolio manager and co-head of the high yield bond team at NCRAM, encompassing primarily high yield bonds but also public-side management of loans and distressed investments, since 2000. Prior to that, he was a portfolio manager of various high yield accounts at NCRAM since 1997, and an analyst in the high yield group at NCRAM for various industries since 1992. He is a CFA charterholder, a member of the CFA institute, and a member of the New York Society of Security Analysts.

Stephen Kotsen


Start Date

Tenure

Tenure Rank

May 19, 2017

3.12

3.1%

Stephen Kotsen, CFA, is a managing director and portfolio manager with NCRAM. He joined NCRAM in December 1998 and has been a portfolio manager for NCRAM's high yield bond investments since 2000. Upon joining NCRAM he worked as a credit analyst primarily responsible for the gaming, lodging, leisure, metals and mining, chemicals, homebuilding, building products, printing, publishing, and shipping industries. From July 1995 until December 1998 he was a portfolio manager at Lazard Frères Asset Management. Thereafter, he became a generalist high yield research analyst. Mr. Kotsen is a CFA charterholder, a member of the CFA Institute, and a member of the New York Society of Security Analysts.

Amy Chang


Start Date

Tenure

Tenure Rank

Aug 01, 2019

0.92

0.9%

Amy Yu Chang, CFA, Managing Director and Portfolio Manager of NCRAM.

Derek Leung


Start Date

Tenure

Tenure Rank

Aug 01, 2019

0.92

0.9%

Mr. Leung, Executive Director and Portfolio Manager, joined Nomura Corporate Research and Asset Management Inc. in 2003 and has been a portfolio manager for NCRAM’s high yield total return portfolios since 2019. He is a CFA charterholder. Mr. Leung received his B.A. in Economics from Yale University in May 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 35.88 6.82 1.5