Continue to site >
Trending ETFs

MULTISECTOR INCOME FUND

mutual fund
ASIQX
Payout Change
Pending
Price as of:
$8.77 +0.0 +0.0%
primary theme
Bond Sector Diversified
ASIQX (Mutual Fund)

MULTISECTOR INCOME FUND

Payout Change
Pending
Price as of:
$8.77 +0.0 +0.0%
primary theme
Bond Sector Diversified
ASIQX (Mutual Fund)

MULTISECTOR INCOME FUND

Payout Change
Pending
Price as of:
$8.77 +0.0 +0.0%
primary theme
Bond Sector Diversified

Name

As of 05/24/2024

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

$8.77

$106 M

5.49%

$0.48

0.81%

Vitals

YTD Return

0.1%

1 yr return

5.2%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

1.9%

Net Assets

$106 M

Holdings in Top 10

22.6%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 185.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

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

$8.77

$106 M

5.49%

$0.48

0.81%

ASIQX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.99%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MULTISECTOR INCOME FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jul 28, 2014
  • Shares Outstanding
    528749
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Houston

Fund Description

The fund invests in both investment-grade and high-yield, non-money market debt securities. These securities may include corporate bonds and notes, government securities, collateralized loan obligations, collateralized mortgage obligations, and securities backed by mortgages or other assets. Investment grade securities are those that have been rated in one of the top four credit quality categories by an independent rating agency or determined by the advisor to be of comparable credit quality. High-yield securities, which are also known as “junk bonds”, are those that have been rated by an independent rating agency below the highest four categories or determined by the advisor to be of similar quality.
The debt securities in which the fund invests may be payable in U.S. or foreign currencies, including emerging markets debt securities.
The fund may also invest in certain equity securities such as preferred stock, convertible securities or equity equivalents provided that such investments are consistent with the fund’s investment objectives.
The fund may invest in 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). Ginnie Mae is 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 (FHLB) are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, they are authorized to borrow from the U.S. Treasury to meet their obligations.
In addition to the securities listed above, the fund may also invest in bank loans.
The fund may also utilize derivative instruments provided that such investments are in keeping with the fund’s investment objectives. Such derivative instruments may include options, futures contracts, options on futures contracts, and swaps (such as credit default swaps either on a single issuer or a securities index).The fund may use foreign currency exchange contracts to shift investment exposure from one currency into another for hedging purposes or to enhance returns.
The weighted average maturity of the fund’s portfolio must be 3½ years or longer. Within this maturity limit, the portfolio managers may shorten the portfolio’s maturity during periods of rising interest rates in order to reduce the effect of bond price declines on the fund’s value.
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.
The portfolio managers may engage in hedging of portfolio positions, which usually involves entering into a derivative transaction that has the opposite characteristic of the position being hedged. The net effect of these two positions is intended to reduce or eliminate the exposure created by the first position.
Read More

ASIQX - Performance

Return Ranking - Trailing

Period ASIQX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -10.6% 12.4% 80.97%
1 Yr 5.2% -7.5% 29.0% 78.70%
3 Yr -1.2%* -17.8% 17.1% 75.67%
5 Yr 1.9%* -13.5% 15.1% 55.27%
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period ASIQX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -12.0% 15.7% 66.67%
2022 -13.5% -31.8% 18.4% 55.64%
2021 -3.0% -26.6% 25.7% 72.68%
2020 5.2% -49.2% 18.7% 15.94%
2019 6.4% -35.1% 15.3% 26.59%

Total Return Ranking - Trailing

Period ASIQX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -10.6% 12.4% 80.97%
1 Yr 5.2% -7.5% 29.0% 78.70%
3 Yr -1.2%* -17.8% 17.1% 75.67%
5 Yr 1.9%* -13.5% 15.1% 55.27%
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period ASIQX Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -7.0% 22.2% 57.92%
2022 -10.3% -31.8% 21.1% 61.05%
2021 2.6% -13.5% 49.9% 42.97%
2020 9.1% -28.6% 24.1% 13.69%
2019 9.6% -4.8% 19.1% 41.20%

NAV & Total Return History


ASIQX - Holdings

Concentration Analysis

ASIQX Category Low Category High ASIQX % Rank
Net Assets 106 M 2.53 M 143 B 83.05%
Number of Holdings 335 4 9868 58.60%
Net Assets in Top 10 21.8 M -204 M 65.8 B 88.58%
Weighting of Top 10 22.64% 5.1% 271.9% 61.50%

Top 10 Holdings

  1. United States Treasury Note/Bond 4.63 09/15/2026 3.87%
  2. United States Treasury Note/Bond 4.88 10/31/2030 3.19%
  3. State Street Navigator Securities Lending Government Money Market Portfolio 2.59%
  4. United States Treasury Note/Bond - When Issued 4.25 12/15/2026 2.52%
  5. United States Treasury Note/Bond 4.75 11/15/2026 2.11%
  6. United States Treasury Note/Bond 4.50 08/15/2026 1.88%
  7. Fixed Income Clearing Corp 5.31 01/02/2024 1.68%
  8. Fannie Mae Pool 3.50 1.64%
  9. United States Treasury Note/Bond 4.75 11/15/2033 1.64%
  10. Freddie Mac Pool 3.50 1.53%

Asset Allocation

Weighting Return Low Return High ASIQX % Rank
Bonds
95.55% 0.00% 215.76% 29.07%
Other
2.67% -66.66% 153.75% 49.16%
Cash
2.65% -94.66% 74.09% 57.99%
Convertible Bonds
2.41% 0.00% 33.50% 35.47%
Preferred Stocks
2.22% 0.00% 30.46% 6.24%
Stocks
0.00% -4.18% 99.88% 76.41%

Bond Sector Breakdown

Weighting Return Low Return High ASIQX % Rank
Corporate
39.60% 0.00% 96.66% 44.27%
Government
23.35% 0.00% 99.43% 23.23%
Securitized
21.47% 0.00% 99.65% 40.03%
Cash & Equivalents
2.65% 0.00% 65.14% 50.84%
Derivative
0.71% -66.66% 153.75% 18.32%
Municipal
0.00% 0.00% 54.26% 46.31%

Bond Geographic Breakdown

Weighting Return Low Return High ASIQX % Rank
US
95.22% 0.00% 215.76% 22.68%
Non US
0.33% 0.00% 69.85% 64.69%

ASIQX - Expenses

Operational Fees

ASIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.03% 20.67% 73.29%
Management Fee 0.55% 0.00% 2.29% 32.02%
12b-1 Fee 0.25% 0.00% 1.00% 23.45%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

ASIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.75% 16.67%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ASIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

ASIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 185.00% 0.00% 632.00% 86.40%

ASIQX - Distributions

Dividend Yield Analysis

ASIQX Category Low Category High ASIQX % Rank
Dividend Yield 5.49% 0.00% 23.30% 45.55%

Dividend Distribution Analysis

ASIQX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

ASIQX Category Low Category High ASIQX % Rank
Net Income Ratio 2.99% -1.55% 11.51% 47.91%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ASIQX - Fund Manager Analysis

Managers

Jeffrey Houston


Start Date

Tenure

Tenure Rank

Jul 28, 2014

7.85

7.9%

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.

Robert Gahagan


Start Date

Tenure

Tenure Rank

Jul 28, 2014

7.85

7.9%

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.

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.

Jason Greenblath


Start Date

Tenure

Tenure Rank

Jun 28, 2019

2.93

2.9%

Mr. Greenblath, Vice President and Senior Portfolio Manager, has served on teams managing fixed-income investments since joining American Century Investment Management, Inc. in 2019. Prior to joining American Century, Mr. Greenblath worked at Aberdeen Standard Investments as head of U.S. investment grade credit from 2018 to 2019, head of U.S. investment grade credit research from 2014 to 2018 and as a portfolio manager from 2012 to 2018. He has a bachelor’s degree in finance from Pennsylvania State University

Peter Van Gelderen


Start Date

Tenure

Tenure Rank

Aug 01, 2021

0.83

0.8%

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
0.08 28.19 5.72 3.19