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HIGH-YIELD FUND
mutual fund
AHDCX
Payout Change
Pending
Price as of:
$5.13
+0.0
+0.0%
primary theme
High Yield Bond
AHDCX (Mutual Fund)
HIGH-YIELD FUND
Payout Change
Pending
Price as of:
$5.13
+0.0
+0.0%
primary theme
High Yield Bond
AHDCX (Mutual Fund)
HIGH-YIELD FUND
Payout Change
Pending
Price as of:
$5.13
+0.0
+0.0%
primary theme
High Yield Bond
Name
As of 10/11/2024Price
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
Vitals
YTD Return
5.3%
1 yr return
12.3%
3 Yr Avg Return
0.3%
5 Yr Avg Return
2.0%
Net Assets
$93.9 M
Holdings in Top 10
25.3%
52 WEEK LOW AND HIGH
$5.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.80%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 83.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
AHDCX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.90%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHIGH-YIELD FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateDec 10, 2001
-
Shares Outstanding141684
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGavin 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. Convertible securities in which the fund may invest include contingent convertible securities (sometimes referred to as CoCos or Additional Tier 1 Instruments).
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.
AHDCX - Performance
Return Ranking - Trailing
| Period | AHDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -5.8% | 15.9% | 90.61% |
| 1 Yr | 12.3% | -1.2% | 20.0% | 83.50% |
| 3 Yr | 0.3%* | -14.4% | 21.1% | 93.21% |
| 5 Yr | 2.0%* | -11.9% | 37.3% | 94.21% |
| 10 Yr | 2.5%* | -5.1% | 20.2% | 89.86% |
* Annualized
Return Ranking - Calendar
| Period | AHDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -4.7% | 14.3% | 68.34% |
| 2022 | -15.8% | -33.4% | 3.6% | 56.23% |
| 2021 | 0.2% | -8.4% | 8.2% | 43.88% |
| 2020 | 1.2% | -13.2% | 302.7% | 23.64% |
| 2019 | 8.0% | -4.4% | 13.3% | 50.99% |
Total Return Ranking - Trailing
| Period | AHDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -5.8% | 15.9% | 90.61% |
| 1 Yr | 12.3% | -1.2% | 20.0% | 83.50% |
| 3 Yr | 0.3%* | -14.4% | 21.1% | 93.21% |
| 5 Yr | 2.0%* | -11.9% | 37.3% | 94.21% |
| 10 Yr | 2.5%* | -5.1% | 20.2% | 89.86% |
* Annualized
Total Return Ranking - Calendar
| Period | AHDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.8% | -4.7% | 18.7% | 88.47% |
| 2022 | -12.5% | -33.4% | 47.8% | 83.61% |
| 2021 | 3.5% | -8.4% | 12.4% | 81.97% |
| 2020 | 5.1% | -9.6% | 325.6% | 58.14% |
| 2019 | 12.1% | -3.8% | 19.4% | 74.41% |
NAV & Total Return History
AHDCX - Holdings
Concentration Analysis
| AHDCX | Category Low | Category High | AHDCX % Rank | |
|---|---|---|---|---|
| Net Assets | 93.9 M | 3.13 M | 23.6 B | 85.28% |
| Number of Holdings | 198 | 2 | 3879 | 78.05% |
| Net Assets in Top 10 | 23.9 M | -492 M | 5.25 B | 78.37% |
| Weighting of Top 10 | 25.34% | 4.2% | 146.0% | 12.68% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 8.93%
- Landesbank Baden-Wuerttemberg/New York NY 0.00 07/01/2024 2.65%
- Barton Capital SA 0.00 07/01/2024 2.65%
- iShares iBoxx $ High Yield Corporate Bond ETF 2.11%
- iShares Broad USD High Yield Corporate Bond ETF 2.04%
- CCO Holdings LLC / CCO Holdings Capital Corp 4.25 02/01/2031 1.58%
- EnLink Midstream LLC 6.50 09/01/2030 1.45%
- SPDR Portfolio High Yield Bond ETF 1.44%
- Iron Mountain Inc 4.88 09/15/2029 1.30%
- SPDR Bloomberg Short Term High Yield Bond ETF 1.18%
Asset Allocation
| Weighting | Return Low | Return High | AHDCX % Rank | |
|---|---|---|---|---|
| Bonds | 86.68% | 0.00% | 145.36% | 91.59% |
| Cash | 14.27% | -52.00% | 48.02% | 4.72% |
| Stocks | 6.78% | 0.00% | 99.64% | 5.99% |
| Convertible Bonds | 1.35% | 0.00% | 17.89% | 37.24% |
| Preferred Stocks | 1.02% | 0.00% | 4.97% | 7.48% |
| Other | 0.00% | -39.08% | 99.96% | 71.38% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AHDCX % Rank | |
|---|---|---|---|---|
| Financial Services | 65.52% | 0.00% | 100.00% | 8.77% |
| Communication Services | 24.14% | 0.00% | 99.99% | 18.71% |
| Energy | 8.05% | 0.00% | 100.00% | 60.23% |
| Industrials | 2.30% | 0.00% | 93.12% | 21.05% |
| Utilities | 0.00% | 0.00% | 100.00% | 64.62% |
| Technology | 0.00% | 0.00% | 33.17% | 66.96% |
| Real Estate | 0.00% | 0.00% | 86.71% | 62.28% |
| Healthcare | 0.00% | 0.00% | 22.17% | 60.23% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 61.99% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 71.64% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 64.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AHDCX % Rank | |
|---|---|---|---|---|
| US | 6.78% | 0.00% | 99.64% | 6.02% |
| Non US | 0.00% | -0.01% | 0.83% | 61.63% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | AHDCX % Rank | |
|---|---|---|---|---|
| Corporate | 90.20% | 0.00% | 100.00% | 80.46% |
| Cash & Equivalents | 14.27% | 0.00% | 48.02% | 4.55% |
| Securitized | 0.27% | 0.00% | 97.24% | 33.39% |
| Derivative | 0.00% | -14.19% | 42.26% | 65.04% |
| Municipal | 0.00% | 0.00% | 1.17% | 56.35% |
| Government | 0.00% | 0.00% | 99.07% | 68.57% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | AHDCX % Rank | |
|---|---|---|---|---|
| US | 86.68% | 0.00% | 126.57% | 80.81% |
| Non US | 0.00% | 0.00% | 96.91% | 72.85% |
AHDCX - Expenses
Operational Fees
| AHDCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.80% | 0.02% | 38.33% | 11.36% |
| Management Fee | 0.77% | 0.00% | 1.75% | 92.06% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 89.84% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| AHDCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 56.96% |
Trading Fees
| AHDCX 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.
| AHDCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 83.00% | 1.00% | 255.00% | 78.86% |
AHDCX - Distributions
Dividend Yield Analysis
| AHDCX | Category Low | Category High | AHDCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.22% | 0.00% | 11.76% | 89.01% |
Dividend Distribution Analysis
| AHDCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| AHDCX | Category Low | Category High | AHDCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.90% | -2.39% | 9.30% | 94.54% |
Capital Gain Distribution Analysis
| AHDCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.018 | OrdinaryDividend |
| Aug 30, 2024 | $0.020 | OrdinaryDividend |
| Jul 31, 2024 | $0.019 | OrdinaryDividend |
| Apr 30, 2024 | $0.019 | OrdinaryDividend |
| Mar 28, 2024 | $0.019 | OrdinaryDividend |
| Feb 29, 2024 | $0.019 | OrdinaryDividend |
| Jan 31, 2024 | $0.016 | OrdinaryDividend |
| Nov 30, 2023 | $0.019 | OrdinaryDividend |
| Oct 31, 2023 | $0.018 | OrdinaryDividend |
| Sep 29, 2023 | $0.019 | OrdinaryDividend |
| Aug 31, 2023 | $0.019 | OrdinaryDividend |
| Jul 31, 2023 | $0.017 | OrdinaryDividend |
| Jun 30, 2023 | $0.019 | OrdinaryDividend |
| May 31, 2023 | $0.018 | OrdinaryDividend |
| Apr 28, 2023 | $0.017 | OrdinaryDividend |
| Mar 31, 2023 | $0.020 | OrdinaryDividend |
| Feb 28, 2023 | $0.018 | OrdinaryDividend |
| Jan 31, 2023 | $0.015 | OrdinaryDividend |
| Dec 30, 2022 | $0.019 | OrdinaryDividend |
| Nov 30, 2022 | $0.017 | OrdinaryDividend |
| Oct 31, 2022 | $0.016 | OrdinaryDividend |
| Sep 30, 2022 | $0.017 | OrdinaryDividend |
| Aug 31, 2022 | $0.015 | OrdinaryDividend |
| Jul 29, 2022 | $0.015 | OrdinaryDividend |
| Jun 30, 2022 | $0.015 | OrdinaryDividend |
| May 31, 2022 | $0.015 | OrdinaryDividend |
| Apr 29, 2022 | $0.015 | OrdinaryDividend |
| Mar 31, 2022 | $0.013 | OrdinaryDividend |
| Feb 28, 2022 | $0.015 | OrdinaryDividend |
| Jan 31, 2022 | $0.012 | OrdinaryDividend |
| Dec 31, 2021 | $0.016 | OrdinaryDividend |
| Nov 30, 2021 | $0.014 | OrdinaryDividend |
| Oct 29, 2021 | $0.014 | OrdinaryDividend |
| Sep 30, 2021 | $0.014 | OrdinaryDividend |
| Aug 31, 2021 | $0.014 | OrdinaryDividend |
| Jul 30, 2021 | $0.015 | OrdinaryDividend |
| Jun 30, 2021 | $0.014 | OrdinaryDividend |
| May 31, 2021 | $0.014 | OrdinaryDividend |
| Apr 30, 2021 | $0.014 | OrdinaryDividend |
| Mar 31, 2021 | $0.014 | OrdinaryDividend |
| Feb 28, 2021 | $0.015 | OrdinaryDividend |
| Jan 31, 2021 | $0.014 | OrdinaryDividend |
| Dec 31, 2020 | $0.016 | OrdinaryDividend |
| Nov 30, 2020 | $0.015 | OrdinaryDividend |
| Oct 30, 2020 | $0.015 | OrdinaryDividend |
| Sep 30, 2020 | $0.015 | OrdinaryDividend |
| Aug 31, 2020 | $0.015 | OrdinaryDividend |
| Jul 31, 2020 | $0.016 | OrdinaryDividend |
| Jun 30, 2020 | $0.016 | OrdinaryDividend |
| May 29, 2020 | $0.016 | OrdinaryDividend |
| Apr 30, 2020 | $0.016 | OrdinaryDividend |
| Mar 31, 2020 | $0.017 | OrdinaryDividend |
| Feb 28, 2020 | $0.017 | OrdinaryDividend |
| Jan 31, 2020 | $0.016 | OrdinaryDividend |
| Dec 31, 2019 | $0.016 | OrdinaryDividend |
| Nov 29, 2019 | $0.016 | OrdinaryDividend |
| Oct 31, 2019 | $0.016 | OrdinaryDividend |
| Sep 30, 2019 | $0.017 | OrdinaryDividend |
| Aug 30, 2019 | $0.017 | OrdinaryDividend |
| Jul 31, 2019 | $0.017 | OrdinaryDividend |
| Dec 09, 2014 | $0.052 | CapitalGainLongTerm |
| Dec 06, 2013 | $0.010 | CapitalGainShortTerm |
| Dec 06, 2013 | $0.047 | CapitalGainLongTerm |
| Dec 07, 2012 | $0.005 | CapitalGainShortTerm |
| Dec 07, 2012 | $0.056 | CapitalGainLongTerm |
| Dec 09, 2011 | $0.071 | CapitalGainLongTerm |
AHDCX - 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 | 7.3 | 8.17 |
