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Trending ETFs

GOVERNMENT BOND FUND

mutual fund
ABTIX
Payout Change
Pending
Price as of:
$9.23 -0.03 -0.32%
primary theme
Intermediate-Term U.S. Treasury Bond
ABTIX (Mutual Fund)

GOVERNMENT BOND FUND

Payout Change
Pending
Price as of:
$9.23 -0.03 -0.32%
primary theme
Intermediate-Term U.S. Treasury Bond
ABTIX (Mutual Fund)

GOVERNMENT BOND FUND

Payout Change
Pending
Price as of:
$9.23 -0.03 -0.32%
primary theme
Intermediate-Term U.S. Treasury Bond

Name

As of 05/17/2024

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

GOVERNMENT BOND FUND

ABTIX | Fund

$9.23

$644 M

4.38%

$0.41

0.27%

Vitals

YTD Return

-1.7%

1 yr return

0.1%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-0.5%

Net Assets

$644 M

Holdings in Top 10

19.6%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 364.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/17/2024

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

GOVERNMENT BOND FUND

ABTIX | Fund

$9.23

$644 M

4.38%

$0.41

0.27%

ABTIX - Profile

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.40%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    GOVERNMENT BOND FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Mar 01, 2010
  • Shares Outstanding
    23333820
  • Share Class
    R5
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Gahagan

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in U.S. government debt securities, including U.S. Treasury securities and other securities issued or guaranteed by the U.S. government and its agencies and instrumentalities.
Securities issued or guaranteed by the U.S. Treasury and certain U.S. government agencies or instrumentalities, such as the Government National Mortgage Association (Ginnie Mae), are supported by the full faith and credit of the U.S. government. Securities issued or guaranteed by other U.S. government agencies or instrumentalities, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, these agencies or instrumentalities are authorized to borrow from the U.S. Treasury to meet their obligations.
To generate additional income, the fund may purchase securities, including mortgage dollar rolls, in advance through when-issued and forward commitment transactions. The fund may commit up to 35% of its total assets to such transactions.
The fund also may invest in derivative instruments such as options, futures contracts, options on futures contracts and swap agreements, or in mortgage- or asset-backed securities, provided that such investments are in keeping with the fund’s investment objective.
When determining whether to sell a security, the portfolio managers consider, among other things, current and anticipated changes in interest rates, current valuation relative to alternatives in the market, general market conditions and any other factors deemed relevant by the portfolio managers.
The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
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ABTIX - Performance

Return Ranking - Trailing

Period ABTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -3.9% 12.2% 46.02%
1 Yr 0.1% -4.4% 31.7% 64.16%
3 Yr -3.6%* -7.9% 11.4% 61.78%
5 Yr -0.5%* -5.7% 3.4% 32.39%
10 Yr 0.7%* -2.1% 3.2% 31.33%

* Annualized

Return Ranking - Calendar

Period ABTIX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.3% -1.0% 22.1% 79.20%
2022 -14.6% -20.4% -5.8% 81.78%
2021 -3.3% -7.1% 16.6% 57.27%
2020 4.5% -1.3% 8.8% 24.30%
2019 3.5% 0.3% 7.1% 41.23%

Total Return Ranking - Trailing

Period ABTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -3.9% 12.2% 46.02%
1 Yr 0.1% -4.4% 31.7% 64.16%
3 Yr -3.6%* -7.9% 11.4% 61.78%
5 Yr -0.5%* -5.7% 3.4% 32.39%
10 Yr 0.7%* -2.1% 3.2% 31.33%

* Annualized

Total Return Ranking - Calendar

Period ABTIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -0.5% 28.8% 63.27%
2022 -12.2% -18.5% -3.3% 62.67%
2021 -0.8% -4.5% 25.3% 24.55%
2020 7.1% -1.3% 13.0% 26.64%
2019 6.4% 1.8% 11.3% 22.75%

NAV & Total Return History


ABTIX - Holdings

Concentration Analysis

ABTIX Category Low Category High ABTIX % Rank
Net Assets 644 M 9.43 M 134 B 57.96%
Number of Holdings 224 18 12663 71.68%
Net Assets in Top 10 126 M 5.49 M 43.7 B 69.47%
Weighting of Top 10 19.63% 4.6% 115.2% 88.94%

Top 10 Holdings

  1. United States Treasury Note/Bond 4.63 09/15/2026 3.17%
  2. United States Treasury Note/Bond - When Issued 4.25 12/15/2026 2.52%
  3. United States Treasury Note/Bond 4.88 10/31/2030 2.48%
  4. Freddie Mac Multifamily Structured Pass Through Certificates 3.17 2.28%
  5. Freddie Mac Multifamily Structured Pass Through Certificates 3.30 1.76%
  6. Ginnie Mae II Pool 2.00 1.67%
  7. Ginnie Mae II Pool 4.50 1.47%
  8. Ginnie Mae II Pool 4.00 1.45%
  9. United States Treasury Note/Bond 0.88 06/30/2026 1.44%
  10. United States Treasury Note/Bond 0.50 06/30/2027 1.39%

Asset Allocation

Weighting Return Low Return High ABTIX % Rank
Bonds
99.45% 0.08% 167.02% 56.64%
Other
1.66% -26.81% 18.17% 17.70%
Cash
0.02% -29.69% 25.88% 87.17%
Stocks
0.00% 0.00% 96.75% 41.15%
Preferred Stocks
0.00% 0.00% 0.10% 38.94%
Convertible Bonds
0.00% 0.00% 3.29% 39.38%

Bond Sector Breakdown

Weighting Return Low Return High ABTIX % Rank
Government
56.40% 0.00% 100.00% 26.99%
Securitized
37.12% 0.00% 99.79% 68.14%
Municipal
1.78% 0.00% 5.24% 4.42%
Derivative
0.60% -20.68% 1.69% 1.77%
Cash & Equivalents
0.02% -29.63% 33.75% 83.63%
Corporate
0.00% 0.00% 9.48% 56.64%

Bond Geographic Breakdown

Weighting Return Low Return High ABTIX % Rank
US
99.45% 0.08% 167.02% 56.64%
Non US
0.00% 0.00% 12.01% 41.15%

ABTIX - Expenses

Operational Fees

ABTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.03% 3.55% 87.56%
Management Fee 0.26% 0.00% 0.85% 34.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

ABTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

ABTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

ABTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 364.00% 3.35% 948.00% 77.46%

ABTIX - Distributions

Dividend Yield Analysis

ABTIX Category Low Category High ABTIX % Rank
Dividend Yield 4.38% 0.00% 4.94% 9.29%

Dividend Distribution Analysis

ABTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

ABTIX Category Low Category High ABTIX % Rank
Net Income Ratio 1.40% -0.80% 2.96% 8.00%

Capital Gain Distribution Analysis

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

Distributions History

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ABTIX - Fund Manager Analysis

Managers

Robert Gahagan


Start Date

Tenure

Tenure Rank

Dec 31, 2002

19.43

19.4%

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.

Dan Shiffman


Start Date

Tenure

Tenure Rank

Aug 01, 2006

15.84

15.8%

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.

James Platz


Start Date

Tenure

Tenure Rank

Sep 28, 2007

14.68

14.7%

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.

Peter Van Gelderen


Start Date

Tenure

Tenure Rank

Jun 05, 2021

0.99

1.0%

Mr. Van Gelderen joined Guggenheim in 2014, as Managing Director focusing on structured products and asset backed securities. Prior to joining Guggenheim, he worked as a senior portfolio manager for structured products at ADH Investment Management and Stark Investments from 2007 to 2013 in San Francisco and Milwaukee. Prior to Stark, Mr. Van Gelderen worked in whole loan transaction management at Countrywide Securities Corporation and began his career as a corporate attorney at Thelen, Reid & Priest. Mr. Van Gelderen received his J.D. from Georgetown University Law Center and B.A. in English from Duke University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35