BGNAX: American Century Ginnie Mae A

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BGNAX American Century Ginnie Mae A

  • Fund
  • BGNAX
  • Price as of: Oct 15, 2019
  • $10.57 - $0.02 - 0.19%

BGNAX - Profile

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $1.05 B
  • Holdings in Top 10 40.3%

52 WEEK LOW AND HIGH

$10.57
$9.96
$10.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 297.00%

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 Intermediate Government

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.93%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Century Ginnie Mae Fund
  • Fund Family Name American Century Investments
  • Inception Date Oct 09, 1997
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Alejandro H. Aguilar

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in securities issued by the Government National Mortgage Association (GNMA). GNMA certificates represent interests in pools of mortgage loans and in the cash flows from these loans. To generate additional income, the fund may purchase securities, including mortgage dollar rolls, in advance through when-issued and forward commitment transactions. It may commit up to 35% of its total assets to such transactions.

BGNAX - Performance

Return Ranking - Trailing

Period BGNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% 0.0% 6.0% 56.28%
1 Yr 5.4% -0.6% 12.0% 70.35%
3 Yr -0.6%* -2.7% 2.5% 70.83%
5 Yr -0.5%* -1.5% 3.3% 77.12%
10 Yr -0.2%* -1.0% 3.8% 67.88%

* Annualized


Return Ranking - Calendar

Period BGNAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -3.4% -0.7% 74.87%
2017 -1.1% -2.3% 0.9% 80.72%
2016 -1.3% -3.3% 1.4% 54.49%
2015 -1.6% -4.5% 0.2% 54.36%
2014 2.3% -1.1% 13.7% 65.75%

Total Return Ranking - Trailing

Period BGNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% 0.1% 6.0% 58.29%
1 Yr 5.4% 0.9% 12.0% 71.36%
3 Yr -0.6%* -1.4% 2.5% 76.79%
5 Yr -0.5%* -1.1% 3.3% 85.62%
10 Yr -0.2%* -1.0% 3.8% 81.75%

* Annualized


Total Return Ranking - Calendar

Period BGNAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -3.4% 3.0% 82.35%
2017 -1.1% -2.0% 2.8% 86.75%
2016 -1.3% -3.3% 1.5% 68.59%
2015 -1.6% -4.5% 2.0% 73.83%
2014 2.3% -1.1% 17.2% 77.40%

NAV & Total Return History

BGNAX - Holdings

Concentration Analysis

BGNAX Category Low Category High BGNAX % Rank
Net Assets 1.05 B 15.6 M 24.1 B 43.78%
Number of Holdings 405 9 15771 46.77%
Net Assets in Top 10 385 M 1.81 M 8.29 B 32.84%
Weighting of Top 10 40.28% 7.2% 162.8% 34.33%

Top 10 Holdings

  1. Government National Mortgage Association 3% 16.02%

  2. Government National Mortgage Association 3.5% 4.81%

  3. Government National Mortgage Association 4% 3.33%

  4. Government National Mortgage Association 3.5% 3.07%

  5. Government National Mortgage Association 3.5% 2.42%

  6. Government National Mortgage Association 2.5% 2.36%

  7. Government National Mortgage Association 4% 2.34%

  8. Government National Mortgage Association 3.5% 2.16%

  9. Government National Mortgage Association 3.5% 1.99%

  10. Government National Mortgage Association 2% 1.77%


Asset Allocation

Weighting Return Low Return High BGNAX % Rank
Bonds
92.70% 52.26% 141.24% 82.59%
Cash
7.30% -41.11% 35.13% 15.92%
Stocks
0.00% -0.42% 11.70% 15.92%
Preferred Stocks
0.00% 0.00% 0.01% 17.91%
Other
0.00% -40.85% 15.69% 17.41%
Convertible Bonds
0.00% 0.00% 0.26% 20.90%

Bond Sector Breakdown

Weighting Return Low Return High BGNAX % Rank
Securitized
92.70% 0.00% 148.87% 23.38%
Cash & Equivalents
7.30% -41.10% 35.14% 17.91%
Derivative
0.00% -21.18% 0.00% 14.93%
Corporate
0.00% 0.00% 5.91% 45.27%
Municipal
0.00% 0.00% 15.57% 33.33%
Government
0.00% -18.18% 100.00% 85.57%

Bond Geographic Breakdown

Weighting Return Low Return High BGNAX % Rank
US
92.70% 49.82% 139.06% 74.63%
Non US
0.00% 0.00% 5.98% 57.21%

BGNAX - Expenses

Operational Fees

BGNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.00% 3.79% 52.76%
Management Fee 0.54% 0.00% 0.85% 92.04%
12b-1 Fee 0.25% 0.00% 1.00% 30.97%
Administrative Fee N/A 0.00% 0.45% N/A

Sales Fees

BGNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 1.00% 4.75% 9.09%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BGNAX 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.

BGNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 297.00% 0.00% 1450.00% 72.64%

BGNAX - Distributions

Dividend Yield Analysis

BGNAX Category Low Category High BGNAX % Rank
Dividend Yield 1.87% 0.00% 2.67% 10.45%

Dividend Distribution Analysis

BGNAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

BGNAX Category Low Category High BGNAX % Rank
Net Income Ratio 1.93% 0.11% 3.03% 60.30%

Capital Gain Distribution Analysis

BGNAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

BGNAX - Managers

Alejandro H. Aguilar

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2003

15.93

15.9%

Aguilar is vice president and senior portfolio manager at American Century. He is a member of the American Century Taxable Bond team. He joined American Century Investment Management, Inc in October 2003. Prior to joining American Century, he was an Investment Officer with CalPERS from July 2002 to September 2003 and Director of Portfolio Management at TIAA-CREF from May 1997 to April 2002. He has a bachelor’s degree in economics from the University of California – Berkeley and an MBA from the University of Michigan. He is a CFA charterholder.


Dan Shiffman

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Shiffman is vice president and portfolio manager, and he joined American Century in May 2004 as a senior structured securities analyst. Prior to joining American Century, he was an investment officer at CalPERS from August 1996 to April 2004. He has a bachelor’s degree in social sciences from the University of California – Berkeley and an MBA from the Thunderbird School of Global Management. He is a CFA charterholder.


Robert V. Gahagan

Manager

Start Date

Tenure

Tenure Rank

Aug 01, 2006

13.17

13.2%

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.


Jesse Singh

Manager

Start Date

Tenure

Tenure Rank

Feb 26, 2014

5.59

5.6%

Mr. Singh, Vice President and Portfolio Manager, has served on teams managing fixed-income investments since joining the advisor in 2007 as a senior structured securities analyst. He was promoted to portfolio manager in 2011. He has a bachelor’s degree in economics from the University of California – Berkeley and an MBA from the Leonard N. Stern School of Business at New York University. He is a CFA charterholder and a member of the CFA Institute.


Tenure Analysis

Category Low

0.25

Category High

28.97

Category Average

8.33

Category Mode

4.68