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Trending ETFs

HIGH INCOME FUND

mutual fund
AHIIX
Payout Change
Pending
Price as of:
$8.53 +0.0 +0.0%
primary theme
High Yield Bond
AHIIX (Mutual Fund)

HIGH INCOME FUND

Payout Change
Pending
Price as of:
$8.53 +0.0 +0.0%
primary theme
High Yield Bond
AHIIX (Mutual Fund)

HIGH INCOME FUND

Payout Change
Pending
Price as of:
$8.53 +0.0 +0.0%
primary theme
High Yield Bond

Name

As of 05/20/2024

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 INCOME FUND

AHIIX | Fund

$8.53

$2.17 B

6.55%

$0.56

0.68%

Vitals

YTD Return

2.0%

1 yr return

11.2%

3 Yr Avg Return

1.8%

5 Yr Avg Return

4.1%

Net Assets

$2.17 B

Holdings in Top 10

4.9%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

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 05/20/2024

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 INCOME FUND

AHIIX | Fund

$8.53

$2.17 B

6.55%

$0.56

0.68%

AHIIX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.94%
DIVIDENDS
  • Dividend Yield 6.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    HIGH INCOME FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Oct 02, 2017
  • Shares Outstanding
    17334436
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Crall

Fund Description

Under normal market conditions, the fund invests primarily in high-yield corporate bonds and other debt instruments with an emphasis on those 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, if unrated, determined by the investment advisor to be of similar quality.
Types of high-yield securities the fund may invest in include: bank loans in the form of assignments or participations; payment-in-kind securities; deferred payment securities; and fixed, variable, and floating rate obligations. The fund may invest in new issuances of high yield securities, distressed securities, and restricted or illiquid securities, including Rule 144A securities.
Bank loans include senior secured and unsecured floating rate loans of corporations, partnerships, or other entities. Typically these loans hold a senior position in the borrower’s capital structure, they have interest rates that reset frequently, and they may be secured by the borrower’s assets or they may be unsecured. The fund may invest up to 20% of its net assets in bank loan investments.
Deferred payment securities are zero-coupon securities that convert on a specified date to interest bearing debt securities. On this date, the stated coupon rate becomes effective and interest is paid at regular intervals.
The fund may invest in fixed-income instruments of foreign issuers, including emerging market issuers. Generally, the fund invests in U.S. dollar denominated securities, however, the fund may invest in securities denominated in foreign currencies.
The fund has no average maturity limitations, but it typically invests in intermediate-term and long-term debt securities. The fund may also invest in short-term money market instruments and U.S. government securities.
To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments and interest rates.
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AHIIX - Performance

Return Ranking - Trailing

Period AHIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -5.7% 6.7% 56.03%
1 Yr 11.2% -5.2% 17.1% 32.86%
3 Yr 1.8%* -15.9% 20.3% 40.56%
5 Yr 4.1%* -11.8% 37.1% 20.98%
10 Yr N/A* -5.0% 19.5% N/A

* Annualized

Return Ranking - Calendar

Period AHIIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -4.7% 14.3% 12.86%
2022 -16.6% -33.4% 3.6% 69.39%
2021 0.2% -8.4% 8.2% 42.74%
2020 2.1% -13.2% 302.7% 13.77%
2019 6.4% -4.4% 13.3% 74.20%

Total Return Ranking - Trailing

Period AHIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -5.7% 6.7% 56.03%
1 Yr 11.2% -5.2% 17.1% 32.86%
3 Yr 1.8%* -15.9% 20.3% 40.56%
5 Yr 4.1%* -11.8% 37.1% 20.98%
10 Yr N/A* -5.0% 19.5% N/A

* Annualized

Total Return Ranking - Calendar

Period AHIIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% -4.7% 17.8% 6.67%
2022 -11.3% -33.4% 47.8% 65.22%
2021 6.9% -8.4% 12.4% 13.69%
2020 8.5% -9.6% 325.6% 8.78%
2019 12.5% 0.9% 19.4% 69.43%

NAV & Total Return History


AHIIX - Holdings

Concentration Analysis

AHIIX Category Low Category High AHIIX % Rank
Net Assets 2.17 B 1.45 M 23.6 B 22.38%
Number of Holdings 1378 2 2736 4.15%
Net Assets in Top 10 106 M -492 M 4.55 B 43.38%
Weighting of Top 10 4.87% 4.2% 146.9% 99.20%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 0.78%
  2. Carnival Corp 5.75 03/01/2027 0.77%
  3. TransDigm Inc 5.50 11/15/2027 0.53%
  4. CCO Holdings LLC / CCO Holdings Capital Corp 4.75 02/01/2032 0.50%
  5. Ford Motor Credit Co LLC 5.11 05/03/2029 0.44%
  6. Imola Merger Corp 4.75 05/15/2029 0.38%
  7. Cloud Software Group Inc 9.00 09/30/2029 0.38%
  8. Weatherford International Ltd 8.63 04/30/2030 0.37%
  9. Carnival Corp 7.63 03/01/2026 0.36%
  10. Carnival Corp 10.50 06/01/2030 0.35%

Asset Allocation

Weighting Return Low Return High AHIIX % Rank
Bonds
96.17% -3.13% 154.38% 34.29%
Cash
1.96% -52.00% 48.07% 75.12%
Preferred Stocks
1.42% 0.00% 7.88% 6.86%
Convertible Bonds
1.00% 0.00% 17.89% 54.86%
Stocks
0.45% 0.00% 99.54% 48.89%
Other
0.00% -63.70% 102.57% 41.95%

Stock Sector Breakdown

Weighting Return Low Return High AHIIX % Rank
Utilities
0.00% 0.00% 100.00% 90.07%
Technology
0.00% 0.00% 33.17% 91.39%
Real Estate
0.00% 0.00% 86.71% 90.29%
Industrials
0.00% 0.00% 93.12% 90.29%
Healthcare
0.00% 0.00% 22.17% 89.85%
Financial Services
0.00% 0.00% 100.00% 90.29%
Energy
0.00% 0.00% 100.00% 21.85%
Communication Services
0.00% 0.00% 99.99% 52.76%
Consumer Defense
0.00% 0.00% 100.00% 88.74%
Consumer Cyclical
0.00% 0.00% 100.00% 91.39%
Basic Materials
0.00% 0.00% 100.00% 10.82%

Stock Geographic Breakdown

Weighting Return Low Return High AHIIX % Rank
US
0.44% 0.00% 99.54% 46.73%
Non US
0.00% -0.01% 0.83% 12.76%

Bond Sector Breakdown

Weighting Return Low Return High AHIIX % Rank
Corporate
99.85% 0.00% 100.00% 1.75%
Cash & Equivalents
0.78% 0.00% 48.07% 76.24%
Securitized
0.04% 0.00% 97.24% 42.11%
Derivative
0.00% -15.04% 42.26% 31.58%
Municipal
0.00% 0.00% 1.17% 58.05%
Government
0.00% 0.00% 99.07% 70.02%

Bond Geographic Breakdown

Weighting Return Low Return High AHIIX % Rank
US
96.17% -3.13% 129.21% 21.69%
Non US
0.00% 0.00% 98.19% 72.57%

AHIIX - Expenses

Operational Fees

AHIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.02% 38.33% 78.66%
Management Fee 0.68% 0.00% 1.84% 80.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

AHIIX 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

AHIIX 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.

AHIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 1.00% 255.00% 28.52%

AHIIX - Distributions

Dividend Yield Analysis

AHIIX Category Low Category High AHIIX % Rank
Dividend Yield 6.55% 0.00% 11.65% 38.03%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AHIIX Category Low Category High AHIIX % Rank
Net Income Ratio 4.94% -2.39% 14.30% 22.56%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AHIIX - Fund Manager Analysis

Managers

David Crall


Start Date

Tenure

Tenure Rank

Dec 27, 2012

9.43

9.4%

David Crall, CFA, is the President, Chief Executive Officer (CEO), Chief Investment Officer (CIO), and a Managing Director with NCRAM. He is also a member of NCRAM’s Board of Directors. Mr. Crall became President and CEO of NCRAM in June 2019, and in this capacity he is responsible for the firm’s overall management and business strategy. In addition, as CIO since January 2010, he leads the investment activities and investment team of NCRAM. He is the Chair of NCRAM’s Investment, New Product, Risk Monitoring, and ESG Committees. Previously, he was a portfolio manager and co-head of the high yield bond team at NCRAM, encompassing primarily high yield bonds but also public-side management of loans and distressed investments, since 2000. Prior to that, he was a portfolio manager of various high yield accounts at NCRAM since 1997, and an analyst in the high yield group at NCRAM for various industries since 1992. Mr. Crall received his B.A. from Yale University in 1992. He is a CFA® charterholder, a member of the CFA institute, and a member of the New York Society of Security Analysts.

Stephen Kotsen


Start Date

Tenure

Tenure Rank

Dec 27, 2012

9.43

9.4%

Steve Kotsen, CFA, is a Managing Director and Portfolio Manager with NCRAM. He has been the portfolio manager for NCRAM’s High Yield Total Return Strategy since 2000, including numerous separate accounts and commingled vehicles. He joined NCRAM in December 1998 and initially worked as a credit analyst primarily responsible for the Gaming, Lodging, Leisure, Metals and Mining, Chemicals, Homebuilding, Building Products, Printing, Publishing, and Shipping industries. Previously, he was a portfolio manager and credit analyst at Lazard Frères Asset Management. Mr. Kotsen received his M.B.A. in Finance from Columbia Business School in 1995, and his B.A. in International Relations from Princeton University in 1991. Mr. Kotsen is a CFA® charterholder, a member of the CFA Institute, and a member of the New York Society of Security Analysts.

Amy Chang


Start Date

Tenure

Tenure Rank

Aug 01, 2019

2.83

2.8%

Amy Yu Chang, CFA, Managing Director and Portfolio Manager of NCRAM.

Derek Leung


Start Date

Tenure

Tenure Rank

Aug 01, 2019

2.83

2.8%

Mr. Leung, Executive Director and Portfolio Manager, joined Nomura Corporate Research and Asset Management Inc. in 2003 and has been a portfolio manager for NCRAM’s high yield total return portfolios since 2019. He is a CFA charterholder. Mr. Leung received his B.A. in Economics from Yale University in May 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.21 8.17