American Century High-Yield Fund (ABHIX)
The portfolio managers will maintain at least 80% of the fund's net assets in high-yield corporate bonds and other debt instruments. The remaining assets may be invested in common stocks or other equity-related securities. Up to 40% of the fund's total assets may be invested in fixed-income obligations of foreign issuers. It 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.
Fund Info
ISIN | US0249328081 |
---|---|
CUSIP | 024932808 |
Issuer | American Century Investments |
Inception Date | Sep 30, 1997 |
Category | High Yield Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
ABHIX features an expense ratio of 0.80%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Century High-Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Century High-Yield Fund had a return of 3.51% year-to-date (YTD) and 8.77% in the last 12 months. Over the past 10 years, American Century High-Yield Fund had an annualized return of 3.20%, while the S&P 500 had an annualized return of 10.64%, indicating that American Century High-Yield Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.51% | 13.78% |
1 month | 1.24% | -0.38% |
6 months | 3.61% | 11.47% |
1 year | 8.77% | 18.82% |
5 years (annualized) | 2.83% | 12.44% |
10 years (annualized) | 3.20% | 10.64% |
Monthly Returns
The table below presents the monthly returns of ABHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.51% | -0.13% | 1.07% | -1.12% | 1.31% | 0.84% | 3.51% | ||||||
2023 | 3.52% | -1.56% | 0.88% | 0.20% | -0.53% | 1.28% | 1.27% | 0.06% | -2.04% | -0.72% | 4.51% | 2.64% | 9.72% |
2022 | -2.67% | -1.27% | -1.13% | -3.71% | 0.17% | -6.39% | 5.58% | -2.37% | -4.01% | 2.11% | 2.32% | -0.54% | -11.80% |
2021 | 0.12% | 0.15% | 0.51% | 0.86% | 0.49% | 1.55% | 0.00% | 0.84% | -0.19% | -0.52% | -0.74% | 1.96% | 5.11% |
2020 | -0.33% | -1.40% | -8.68% | 3.39% | 3.49% | 0.19% | 4.52% | 0.90% | -0.90% | 0.35% | 3.26% | 1.60% | 5.88% |
2019 | 4.82% | 1.35% | 0.76% | 1.13% | -1.01% | 2.18% | 0.57% | 0.56% | 0.38% | 0.38% | 0.19% | 1.26% | 13.22% |
2018 | 0.60% | -1.12% | -0.81% | 0.79% | -0.07% | 0.46% | 0.96% | 0.69% | 0.45% | -1.85% | -0.99% | -2.36% | -3.27% |
2017 | 1.13% | 1.29% | -0.27% | 0.94% | 0.80% | -0.10% | 1.12% | 0.09% | 0.78% | 0.25% | -0.42% | 0.26% | 6.00% |
2016 | -1.42% | 0.70% | 4.14% | 3.06% | 0.28% | 1.02% | 2.08% | 2.05% | 0.44% | -0.09% | -0.44% | 1.50% | 14.03% |
2015 | 0.28% | 2.47% | -0.75% | 0.95% | 0.27% | -1.92% | -0.24% | -1.63% | -2.90% | 3.23% | -2.57% | -2.63% | -5.52% |
2014 | 0.31% | 2.11% | -0.01% | 0.47% | 0.59% | 0.61% | -1.47% | 1.60% | -2.14% | 1.29% | -0.87% | -0.99% | 1.42% |
2013 | 1.12% | 0.34% | 0.94% | 1.91% | -0.78% | -2.51% | 1.95% | -0.80% | 0.84% | 2.28% | 0.48% | 0.27% | 6.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ABHIX is 79, placing it in the top 21% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Century High-Yield Fund (ABHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Century High-Yield Fund granted a 5.45% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.28 | $0.27 | $0.24 | $0.27 | $0.24 | $0.26 | $0.30 | $0.29 | $0.30 | $0.31 | $0.39 | $0.42 |
Dividend yield | 5.45% | 5.34% | 4.86% | 4.62% | 4.25% | 4.62% | 5.74% | 5.14% | 5.26% | 5.91% | 6.63% | 6.78% |
Monthly Dividends
The table displays the monthly dividend distributions for American Century High-Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.14 | |||||
2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
2021 | $0.04 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
2018 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.30 |
2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.29 |
2016 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.30 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.39 |
2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Century High-Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Century High-Yield Fund was 26.63%, occurring on Nov 21, 2008. Recovery took 202 trading sessions.
The current American Century High-Yield Fund drawdown is 0.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-26.63% | May 20, 2008 | 130 | Nov 21, 2008 | 202 | Sep 14, 2009 | 332 |
-19.62% | Feb 18, 2020 | 25 | Mar 23, 2020 | 91 | Jul 31, 2020 | 116 |
-17.85% | Mar 13, 2000 | 385 | Sep 27, 2001 | 510 | Oct 9, 2003 | 895 |
-15.69% | Jan 3, 2022 | 187 | Sep 29, 2022 | 450 | Jul 12, 2024 | 637 |
-13.53% | Aug 3, 1998 | 56 | Oct 19, 1998 | 355 | Mar 1, 2000 | 411 |
Volatility
Volatility Chart
The current American Century High-Yield Fund volatility is 0.89%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.