HIGH INCOME FUND
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.1%
1 yr return
8.3%
3 Yr Avg Return
1.1%
5 Yr Avg Return
3.5%
Net Assets
$2.17 B
Holdings in Top 10
4.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.78%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 49.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AHIVX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.84%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHIGH INCOME FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateOct 02, 2017
-
Shares Outstanding16034963
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Crall
Fund Description
AHIVX - Performance
Return Ranking - Trailing
Period | AHIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -7.2% | 5.1% | 60.34% |
1 Yr | 8.3% | -9.4% | 15.0% | 35.85% |
3 Yr | 1.1%* | -16.5% | 19.8% | 44.17% |
5 Yr | 3.5%* | -11.9% | 36.4% | 25.00% |
10 Yr | N/A* | -4.9% | 19.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | AHIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.6% | -4.7% | 14.3% | 13.42% |
2022 | -16.6% | -33.4% | 3.6% | 69.45% |
2021 | 0.1% | -8.4% | 14.9% | 47.21% |
2020 | 2.1% | -13.9% | 302.7% | 14.02% |
2019 | 6.4% | -4.4% | 13.3% | 74.52% |
Total Return Ranking - Trailing
Period | AHIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -7.2% | 5.1% | 60.34% |
1 Yr | 8.3% | -9.4% | 15.0% | 35.85% |
3 Yr | 1.1%* | -16.5% | 19.8% | 44.17% |
5 Yr | 3.5%* | -11.9% | 36.4% | 25.00% |
10 Yr | N/A* | -4.9% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AHIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.3% | -4.7% | 18.2% | 8.42% |
2022 | -11.4% | -33.4% | 47.8% | 66.93% |
2021 | 6.7% | -8.4% | 24.8% | 17.70% |
2020 | 8.3% | -9.6% | 325.6% | 8.95% |
2019 | 12.4% | 0.9% | 21.5% | 71.23% |
NAV & Total Return History
AHIVX - Holdings
Concentration Analysis
AHIVX | Category Low | Category High | AHIVX % Rank | |
---|---|---|---|---|
Net Assets | 2.17 B | 1.45 M | 23.6 B | 22.19% |
Number of Holdings | 1378 | 2 | 2736 | 4.18% |
Net Assets in Top 10 | 106 M | -492 M | 4.45 B | 41.80% |
Weighting of Top 10 | 4.87% | 4.2% | 146.9% | 99.23% |
Top 10 Holdings
- State Street Institutional US Government Money Market Fund 0.78%
- Carnival Corp 5.75 03/01/2027 0.77%
- TransDigm Inc 5.50 11/15/2027 0.53%
- CCO Holdings LLC / CCO Holdings Capital Corp 4.75 02/01/2032 0.50%
- Ford Motor Credit Co LLC 5.11 05/03/2029 0.44%
- Imola Merger Corp 4.75 05/15/2029 0.38%
- Cloud Software Group Inc 9.00 09/30/2029 0.38%
- Weatherford International Ltd 8.63 04/30/2030 0.37%
- Carnival Corp 7.63 03/01/2026 0.36%
- Carnival Corp 10.50 06/01/2030 0.35%
Asset Allocation
Weighting | Return Low | Return High | AHIVX % Rank | |
---|---|---|---|---|
Bonds | 96.17% | -3.13% | 154.38% | 32.20% |
Cash | 1.96% | -52.00% | 48.07% | 79.88% |
Preferred Stocks | 1.42% | 0.00% | 7.88% | 6.66% |
Convertible Bonds | 1.00% | 0.00% | 17.89% | 54.49% |
Stocks | 0.45% | 0.00% | 99.54% | 49.92% |
Other | 0.00% | -63.70% | 102.57% | 43.96% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AHIVX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 90.29% |
Technology | 0.00% | 0.00% | 33.17% | 91.61% |
Real Estate | 0.00% | 0.00% | 86.71% | 90.51% |
Industrials | 0.00% | 0.00% | 93.12% | 90.51% |
Healthcare | 0.00% | 0.00% | 22.17% | 90.07% |
Financial Services | 0.00% | 0.00% | 100.00% | 90.51% |
Energy | 0.00% | 0.00% | 100.00% | 22.08% |
Communication Services | 0.00% | 0.00% | 99.99% | 52.98% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 88.96% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 91.61% |
Basic Materials | 0.00% | 0.00% | 100.00% | 11.04% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AHIVX % Rank | |
---|---|---|---|---|
US | 0.44% | 0.00% | 99.54% | 47.83% |
Non US | 0.00% | -0.01% | 0.83% | 13.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AHIVX % Rank | |
---|---|---|---|---|
Corporate | 99.85% | 0.00% | 129.69% | 1.86% |
Cash & Equivalents | 0.78% | 0.00% | 48.07% | 77.86% |
Securitized | 0.04% | 0.00% | 97.24% | 42.17% |
Derivative | 0.00% | -15.04% | 42.26% | 33.90% |
Municipal | 0.00% | 0.00% | 4.66% | 60.62% |
Government | 0.00% | 0.00% | 99.07% | 71.63% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AHIVX % Rank | |
---|---|---|---|---|
US | 96.17% | -3.13% | 129.21% | 21.36% |
Non US | 0.00% | 0.00% | 98.19% | 74.61% |
AHIVX - Expenses
Operational Fees
AHIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.78% | 0.04% | 31.61% | 68.73% |
Management Fee | 0.78% | 0.00% | 1.84% | 91.98% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
AHIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AHIVX 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.
AHIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 49.00% | 1.00% | 255.00% | 29.03% |
AHIVX - Distributions
Dividend Yield Analysis
AHIVX | Category Low | Category High | AHIVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 49.68% | 38.92% |
Dividend Distribution Analysis
AHIVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
AHIVX | Category Low | Category High | AHIVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.84% | -2.39% | 14.30% | 27.09% |
Capital Gain Distribution Analysis
AHIVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.046 | OrdinaryDividend |
Feb 29, 2024 | $0.046 | OrdinaryDividend |
Jan 31, 2024 | $0.044 | DailyAccrualFund |
Dec 31, 2023 | $0.045 | OrdinaryDividend |
Nov 30, 2023 | $0.045 | OrdinaryDividend |
Oct 31, 2023 | $0.045 | OrdinaryDividend |
Sep 30, 2023 | $0.044 | OrdinaryDividend |
Aug 31, 2023 | $0.044 | OrdinaryDividend |
Jul 31, 2023 | $0.044 | OrdinaryDividend |
Jun 30, 2023 | $0.044 | OrdinaryDividend |
May 31, 2023 | $0.044 | OrdinaryDividend |
Apr 30, 2023 | $0.044 | OrdinaryDividend |
Mar 31, 2023 | $0.043 | OrdinaryDividend |
Feb 28, 2023 | $0.046 | OrdinaryDividend |
Jan 31, 2023 | $0.042 | OrdinaryDividend |
Dec 30, 2022 | $0.044 | DailyAccrualFund |
Nov 30, 2022 | $0.044 | DailyAccrualFund |
Oct 31, 2022 | $0.039 | DailyAccrualFund |
Sep 30, 2022 | $0.042 | DailyAccrualFund |
Aug 31, 2022 | $0.041 | DailyAccrualFund |
Jul 29, 2022 | $0.041 | DailyAccrualFund |
Jun 30, 2022 | $0.041 | DailyAccrualFund |
May 31, 2022 | $0.041 | DailyAccrualFund |
Apr 29, 2022 | $0.042 | DailyAccrualFund |
Mar 31, 2022 | $0.040 | DailyAccrualFund |
Jan 31, 2022 | $0.038 | DailyAccrualFund |
Dec 31, 2021 | $0.040 | DailyAccrualFund |
Nov 30, 2021 | $0.041 | DailyAccrualFund |
Oct 31, 2021 | $0.040 | DailyAccrualFund |
Sep 30, 2021 | $0.040 | DailyAccrualFund |
Aug 31, 2021 | $0.041 | DailyAccrualFund |
Jul 31, 2021 | $0.041 | DailyAccrualFund |
Jun 30, 2021 | $0.038 | DailyAccrualFund |
May 31, 2021 | $0.039 | DailyAccrualFund |
Apr 30, 2021 | $0.040 | DailyAccrualFund |
Mar 31, 2021 | $0.040 | DailyAccrualFund |
Feb 28, 2021 | $0.042 | DailyAccrualFund |
Jan 31, 2021 | $0.041 | DailyAccrualFund |
Dec 31, 2020 | $0.042 | DailyAccrualFund |
Nov 30, 2020 | $0.042 | DailyAccrualFund |
Oct 30, 2020 | $0.040 | DailyAccrualFund |
Sep 30, 2020 | $0.041 | DailyAccrualFund |
Aug 31, 2020 | $0.043 | DailyAccrualFund |
Jul 31, 2020 | $0.043 | DailyAccrualFund |
Jun 30, 2020 | $0.044 | DailyAccrualFund |
May 29, 2020 | $0.039 | DailyAccrualFund |
Apr 30, 2020 | $0.040 | DailyAccrualFund |
Mar 31, 2020 | $0.042 | DailyAccrualFund |
Feb 28, 2020 | $0.041 | DailyAccrualFund |
Jan 31, 2020 | $0.041 | DailyAccrualFund |
Dec 31, 2019 | $0.041 | DailyAccrualFund |
Nov 29, 2019 | $0.040 | DailyAccrualFund |
Oct 31, 2019 | $0.039 | DailyAccrualFund |
Sep 30, 2019 | $0.041 | DailyAccrualFund |
Aug 30, 2019 | $0.041 | DailyAccrualFund |
Jul 31, 2019 | $0.041 | DailyAccrualFund |
Jun 28, 2019 | $0.039 | OrdinaryDividend |
May 31, 2019 | $0.045 | DailyAccrualFund |
Apr 30, 2019 | $0.044 | DailyAccrualFund |
Mar 29, 2019 | $0.043 | DailyAccrualFund |
Feb 28, 2019 | $0.045 | DailyAccrualFund |
Jan 31, 2019 | $0.046 | DailyAccrualFund |
Dec 31, 2018 | $0.043 | DailyAccrualFund |
Nov 30, 2018 | $0.047 | DailyAccrualFund |
Oct 31, 2018 | $0.044 | DailyAccrualFund |
Aug 31, 2018 | $0.050 | DailyAccrualFund |
Jul 31, 2018 | $0.042 | DailyAccrualFund |
Jun 29, 2018 | $0.046 | DailyAccrualFund |
May 31, 2018 | $0.047 | DailyAccrualFund |
Apr 30, 2018 | $0.045 | DailyAccrualFund |
Mar 29, 2018 | $0.043 | DailyAccrualFund |
Feb 28, 2018 | $0.043 | DailyAccrualFund |
AHIVX - Fund Manager Analysis
Managers
David Crall
Start Date
Tenure
Tenure Rank
Dec 27, 2012
9.43
9.4%
David Crall, CFA, is the President, Chief Executive Officer (CEO), Chief Investment Officer (CIO), and a Managing Director with NCRAM. He is also a member of NCRAM’s Board of Directors. Mr. Crall became President and CEO of NCRAM in June 2019, and in this capacity he is responsible for the firm’s overall management and business strategy. In addition, as CIO since January 2010, he leads the investment activities and investment team of NCRAM. He is the Chair of NCRAM’s Investment, New Product, 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. Mr. Crall received his B.A. from Yale University in 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
Dec 27, 2012
9.43
9.4%
Steve Kotsen, CFA, is a Managing Director and Portfolio Manager with NCRAM. He has been the portfolio manager for NCRAM’s High Yield Total Return Strategy since 2000, including numerous separate accounts and commingled vehicles. He joined NCRAM in December 1998 and initially worked as a credit analyst primarily responsible for the Gaming, Lodging, Leisure, Metals and Mining, Chemicals, Homebuilding, Building Products, Printing, Publishing, and Shipping industries. Previously, he was a portfolio manager and credit analyst at Lazard Frères Asset Management. Mr. Kotsen received his M.B.A. in Finance from Columbia Business School in 1995, and his B.A. in International Relations from Princeton University in 1991. 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
2.83
2.8%
Amy Yu Chang, CFA, Managing Director and Portfolio Manager of NCRAM.
Derek Leung
Start Date
Tenure
Tenure Rank
Aug 01, 2019
2.83
2.8%
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 |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |