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Trending ETFs

Name

As of 03/27/2024

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

HIGH-YIELD FUND

AHYHX | Fund

$5.05

$93.9 M

5.69%

$0.29

0.69%

Vitals

YTD Return

1.0%

1 yr return

10.4%

3 Yr Avg Return

0.9%

5 Yr Avg Return

2.9%

Net Assets

$93.9 M

Holdings in Top 10

24.6%

52 WEEK LOW AND HIGH

$5.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 83.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

HIGH-YIELD FUND

AHYHX | Fund

$5.05

$93.9 M

5.69%

$0.29

0.69%

AHYHX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.00%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    HIGH-YIELD FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Apr 10, 2017
  • Shares Outstanding
    1272002
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gavin Fleischman

Fund Description

The fund invests in high-yield corporate bonds and other debt securities with an emphasis on securities 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 determined by the investment advisor to be of similar quality.
Under normal market conditions, the portfolio managers will maintain at least 80% of the fund’s net assets in high-yield corporate bonds and other debt instruments (including income-producing convertible and preferred securities, as well as loan participations and loan assignments). The remaining assets may be invested in common stocks or other equity-related securities. The fund may invest in new issuances of high yield securities, distressed securities and restricted or illiquid securities, including Rule 144A securities.
Up to 40% of the fund’s total assets may be invested in fixed-income obligations of foreign issuers. Under normal market conditions, the fund 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.
The fund also may invest in derivative instruments such as options, futures contracts, options on futures contracts, and swaps (including credit default swaps), or in mortgage- or asset-backed securities, provided that such investments are in keeping with the fund’s investment objective. The fund may also engage in securities lending and invest its collateral in eligible securities.
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.
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AHYHX - Performance

Return Ranking - Trailing

Period AHYHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.9% 8.2% 82.84%
1 Yr 10.4% -4.3% 26.0% 82.47%
3 Yr 0.9%* -15.6% 20.6% 79.25%
5 Yr 2.9%* -11.2% 37.3% 73.75%
10 Yr N/A* -4.7% 19.5% 69.76%

* Annualized

Return Ranking - Calendar

Period AHYHX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -4.7% 14.3% 69.10%
2022 -15.8% -33.4% 3.6% 55.64%
2021 0.3% -8.4% 14.9% 38.83%
2020 1.2% -13.9% 302.7% 22.69%
2019 7.8% -4.4% 13.3% 54.48%

Total Return Ranking - Trailing

Period AHYHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.9% 8.2% 82.84%
1 Yr 10.4% -4.3% 26.0% 82.47%
3 Yr 0.9%* -15.6% 20.6% 79.25%
5 Yr 2.9%* -11.2% 37.3% 73.75%
10 Yr N/A* -4.7% 19.5% 65.19%

* Annualized

Total Return Ranking - Calendar

Period AHYHX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -4.7% 18.7% 73.60%
2022 -11.4% -33.4% 47.8% 66.61%
2021 4.9% -8.4% 24.8% 52.53%
2020 6.4% -9.6% 325.6% 30.76%
2019 13.2% -3.8% 21.5% 59.14%

NAV & Total Return History


AHYHX - Holdings

Concentration Analysis

AHYHX Category Low Category High AHYHX % Rank
Net Assets 93.9 M 1.85 M 22.6 B 83.26%
Number of Holdings 195 2 2736 75.77%
Net Assets in Top 10 23.4 M -492 M 4.45 B 76.54%
Weighting of Top 10 24.64% 4.2% 149.6% 13.27%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 6.31%
  2. Fixed Income Clearing Corp 5.31 01/02/2024 5.43%
  3. CCO Holdings LLC / CCO Holdings Capital Corp 4.25 02/01/2031 2.22%
  4. iShares iBoxx $ High Yield Corporate Bond ETF 2.11%
  5. iShares Broad USD High Yield Corporate Bond ETF 2.04%
  6. SPDR Portfolio High Yield Bond ETF 1.44%
  7. EnLink Midstream LLC 6.50 09/01/2030 1.44%
  8. Iron Mountain Inc 4.88 09/15/2029 1.30%
  9. SPDR Bloomberg Short Term High Yield Bond ETF 1.19%
  10. Surgery Center Holdings Inc 10.00 04/15/2027 1.18%

Asset Allocation

Weighting Return Low Return High AHYHX % Rank
Bonds
84.30% -3.13% 154.38% 92.32%
Stocks
6.77% 0.00% 99.61% 5.38%
Cash
6.50% -52.00% 49.49% 23.92%
Other
6.33% -63.70% 102.57% 5.09%
Convertible Bonds
1.35% 0.00% 17.89% 37.19%
Preferred Stocks
1.18% 0.00% 8.06% 9.41%

Stock Sector Breakdown

Weighting Return Low Return High AHYHX % Rank
Financial Services
65.52% 0.00% 100.00% 7.54%
Communication Services
24.14% 0.00% 99.99% 17.88%
Energy
8.05% 0.00% 100.00% 60.34%
Industrials
2.30% 0.00% 93.12% 20.67%
Utilities
0.00% 0.00% 100.00% 44.13%
Technology
0.00% 0.00% 33.17% 45.53%
Real Estate
0.00% 0.00% 86.71% 38.27%
Healthcare
0.00% 0.00% 22.17% 35.47%
Consumer Defense
0.00% 0.00% 100.00% 37.71%
Consumer Cyclical
0.00% 0.00% 100.00% 53.35%
Basic Materials
0.00% 0.00% 100.00% 42.18%

Stock Geographic Breakdown

Weighting Return Low Return High AHYHX % Rank
US
6.77% 0.00% 99.61% 5.40%
Non US
0.00% -0.01% 0.83% 36.73%

Bond Sector Breakdown

Weighting Return Low Return High AHYHX % Rank
Corporate
90.20% 0.00% 129.69% 79.75%
Cash & Equivalents
6.50% 0.00% 49.49% 19.60%
Securitized
0.27% 0.00% 97.24% 33.08%
Derivative
0.00% -15.04% 42.26% 44.44%
Municipal
0.00% 0.00% 4.66% 28.44%
Government
0.00% 0.00% 99.07% 48.22%

Bond Geographic Breakdown

Weighting Return Low Return High AHYHX % Rank
US
84.30% -3.13% 129.21% 79.63%
Non US
0.00% 0.00% 97.33% 53.86%

AHYHX - Expenses

Operational Fees

AHYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.04% 31.61% 77.93%
Management Fee 0.67% 0.00% 1.84% 79.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

AHYHX 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

AHYHX 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.

AHYHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 1.00% 255.00% 77.59%

AHYHX - Distributions

Dividend Yield Analysis

AHYHX Category Low Category High AHYHX % Rank
Dividend Yield 5.69% 0.00% 35.52% 69.79%

Dividend Distribution Analysis

AHYHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

AHYHX Category Low Category High AHYHX % Rank
Net Income Ratio 4.00% -2.39% 14.30% 70.02%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AHYHX - Fund Manager Analysis

Managers

Gavin Fleischman


Start Date

Tenure

Tenure Rank

Feb 23, 2015

7.27

7.3%

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.

Jeffrey Houston


Start Date

Tenure

Tenure Rank

May 25, 2019

3.02

3.0%

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.

Charles Tan


Start Date

Tenure

Tenure Rank

May 25, 2019

3.02

3.0%

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
0.13 37.79 7.12 8.17