Fund Research for American Century High-Yield Inv (ABHIX)

  • Fund Overview

    Fund Inception Date: Sep 30, 1997
    Category: High Yield Bond
    Overall Risk: Below Average
    Fund Family: American Century Investments
    Return Since Inception: 3.60%
    YTD Return: 32.01%
    Yield (TTM): 7.36%
    Net Assets: 103.27 M
    Morningstar Rating:
    3 of 5
    The investment seeks current income; capital appreciation is secondary. The fund invests at least 80% of assets in high-yield corporate bonds and other debt instruments (including income-producing convertible and preferred securities). It invests the remaining assets in common stocks or other equity-related securities. The fund may invests up to 40% of the asset in fixed-income obligations of foreign issuers and may invest up to 20% of asset and for temporary defensive purposes, up to 100% of its assets, in short-term money market instruments and U.S. government securities.

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    Details
    Average Eff Duration 4.19 Yrs
    Average Eff Maturity —
    Average Credit Quality B
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/27/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 32.01% 41.36% 4.06% 4.40% 4.13% 3.60%
    +/- Category -10.60% -8.10% 1.47% 0.42% -0.51% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 30.47% 30.32% 3.93% 4.35% 4.13% 3.60%
    Quarter (as of 09/30/2009) 28.15% 12.63% 3.70% 4.30% 3.88% 3.47%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/27/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/27/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 09/30/1997
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 0.00%
    Mortgage 0.00%
    Credit 84.07%
    Foreign 9.39%
    Cash 5.21%
    Bond Quality
    AAA 2.62%
    AA 0.00%
    A 0.00%
    BBB 1.15%
    BB 37.26%
    B 37.11%
    Below B 21.86%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash — 5.21% 5.21%
    Stocks — 0.00% 0.00%
    Bonds — 94.49% 94.49%
    Other — 0.16% 0.16%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    * Repo(Bankofamerica) 07/01/2009 8.11 M 8.11 M 4.94%
    * Repo (Goldman Sachs) 07/01/2009 3.46 M 3.46 M 2.11%
    + Gmac 144A 6.875% 09/15/2011 2.82 M 2.5 M 1.52%
    * TENET HEALTHCARE CORP 07/01/2019 2 M 2.02 M 1.23%
    * Virgin Media Fin 9.5% 08/15/2016 2 M 1.98 M 1.21%
    + Harland Clarke Hldgs 9.5% 05/15/2015 2.5 M 1.94 M 1.18%
    * Qwest 144A 8.375% 05/01/2016 2 M 1.94 M 1.18%
    + Ford Motor Credit 7.25% 10/25/2011 2.1 M 1.82 M 1.11%
    - Swap: Hy 11 500 12/20/13 Cdx Na Hy 11 12/20/2013 1.78 M -1.78 M 1.08%
    = Davita 7.25% 03/15/2015 1.8 M 1.7 M 1.04%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 06/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 08/01/2009
    Expense Ratio (based on net assets) 0.80%
    Taken from annual report dated 03/31/2009

  • Fund Management