AIAVX: American Century Inflation Adjs Bond A

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AIAVX American Century Inflation Adjs Bond A

AIAVX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $2.5 B
  • Holdings in Top 10 54.9%

52 WEEK LOW AND HIGH

$11.76
$10.96
$11.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Inflation-Protected Bond

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.92%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name American Century Inflation-Adjusted Bond Fund
  • Fund Family Name American Century Investments
  • Inception Date Jun 15, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Robert V. Gahagan

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in inflation-adjusted bonds. It also may invest in derivative instruments such as futures contracts and swap agreements (including, but not limited to, inflation swap agreements and credit default swap agreements), bank loans, securities backed by mortgages or other assets and collateralized debt obligations. The fund may invest in U.S. Treasury futures, inflation swap agreements and credit default swap agreements to manage duration, inflation and credit exposure.

AIAVX - Performance

Return Ranking - Trailing

Period AIAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -4.7% 83.4% 16.79%
1 Yr 7.8% -2.8% 83.4% 29.82%
3 Yr 1.6%* -2.6% 22.4% 35.00%
5 Yr 1.6%* -14.7% 11.3% 28.60%
10 Yr 2.6%* -8.7% 8.7% 29.72%

* Annualized


Return Ranking - Calendar

Period AIAVX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.2% -13.7% 0.8% 93.02%
2017 0.9% -2.8% 21.2% 57.39%
2016 2.5% -58.1% 8.6% 7.32%
2015 -3.0% -24.0% 3.0% 82.35%
2014 0.9% -60.4% 26.9% 72.89%

Total Return Ranking - Trailing

Period AIAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -4.7% 83.4% 17.57%
1 Yr 2.9% -2.8% 83.4% 83.68%
3 Yr 0.0%* -2.6% 22.4% 93.15%
5 Yr 0.6%* -14.7% 11.3% 49.37%
10 Yr 2.1%* -8.7% 8.7% 38.40%

* Annualized


Total Return Ranking - Calendar

Period AIAVX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.7% -13.7% 6.5% 63.95%
2017 2.8% -2.7% 27.0% 19.38%
2016 4.4% -58.1% 10.7% 4.73%
2015 -2.3% -14.6% 4.2% 78.73%
2014 2.4% -60.4% 26.9% 60.50%

NAV & Total Return History

AIAVX - Holdings

Concentration Analysis

AIAVX Category Low Category High AIAVX % Rank
Net Assets 2.5 B 691 K 245 B 22.81%
Number of Holdings 111 2 17572 80.69%
Net Assets in Top 10 1.35 B -203 M 25.7 B 9.85%
Weighting of Top 10 54.93% 2.5% 138.1% 12.18%

Top 10 Holdings

  1. Us 2yr Note (Cbt) Dec19 Xcbt 20191231 13.47%

  2. United States Treasury Notes 0.12% 8.23%

  3. United States Treasury Notes 0.12% 5.79%

  4. United States Treasury Bonds 2% 4.64%

  5. Bp9fdcsl7 Cds Usd P F 1.00000 Cdx Ccp Ice 4.30%

  6. Bp9fdcsl7 Cds Usd R V 00mevent 2i65bybe4 Cdx Ccp Ice 4.21%

  7. United States Treasury Notes 0.62% 3.92%

  8. United States Treasury Bonds 1.38% 3.85%

  9. United States Treasury Notes 0.38% 3.35%

  10. United States Treasury Notes 0.62% 3.19%


Asset Allocation

Weighting Return Low Return High AIAVX % Rank
Bonds
92.84% 80.58% 161.01% 84.75%
Cash
7.16% -61.01% 28.73% 11.79%
Stocks
0.00% -17.64% 26.52% 77.08%
Preferred Stocks
0.00% -1.25% 8.19% 78.78%
Other
0.00% -36.80% 30.83% 73.45%
Convertible Bonds
0.00% 0.00% 5.16% 86.79%

Bond Sector Breakdown

Weighting Return Low Return High AIAVX % Rank
Government
86.60% -86.06% 125.80% 4.06%
Cash & Equivalents
7.16% -61.01% 28.73% 11.76%
Securitized
6.20% 0.00% 136.75% 45.44%
Corporate
0.13% -1.23% 98.80% 58.16%
Municipal
0.00% 0.00% 150.05% 93.26%
Derivative
-0.09% -28.06% 41.91% 94.39%

Bond Geographic Breakdown

Weighting Return Low Return High AIAVX % Rank
US
92.26% 63.24% 158.16% 55.97%
Non US
0.58% -26.10% 22.91% 71.72%

AIAVX - Expenses

Operational Fees

AIAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.00% 209.96% 56.53%
Management Fee 0.46% 0.00% 1.25% 73.13%
12b-1 Fee 0.25% 0.00% 1.00% 53.75%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

AIAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.75% 14.97%
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

AIAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover 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.

AIAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 2053.00% 28.33%

AIAVX - Distributions

Dividend Yield Analysis

AIAVX Category Low Category High AIAVX % Rank
Dividend Yield 1.11% 0.00% 95.20% 50.99%

Dividend Distribution Analysis

AIAVX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

AIAVX Category Low Category High AIAVX % Rank
Net Income Ratio 1.92% 0.00% 6.30% 81.50%

Capital Gain Distribution Analysis

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

AIAVX - Managers

Robert V. Gahagan

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2001

17.93

17.9%

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.


Brian Howell

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2004

14.84

14.8%

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.


James E. Platz

Manager

Start Date

Tenure

Tenure Rank

Sep 28, 2007

12.1

12.1%

Platz is vice president and a senior portfolio manager with American Century, his employer since October 2003. Prior to joining American Century, Platz was a vice president, senior portfolio manager for Standish Mellon Asset Management, formerly Certus Asset Advisors, since August 1995. He received a bachelor’s degree in history and political economies of industrial societies from the University of California – Berkeley, and an MBA from the University of Southern California. He is a CFA charterholder.


Miguel Castillo

Manager

Start Date

Tenure

Tenure Rank

Feb 26, 2014

5.68

5.7%

Mr. Castillo, Portfolio Manager, has served on teams managing fixed-income investments since joining the American Century Investments in 2008 as a senior fixed income trader. He was promoted to portfolio manager in 2014. He has a bachelor’s degree in banking and finance from Escuela Bancaria Y Comercial, Mexico City, and an MBA from the University of Minnesota.


Tenure Analysis

Category Low

0.0

Category High

32.94

Category Average

7.6

Category Mode

7.46