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American Century High-Yield Fund (ABHIX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

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.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in American Century High-Yield Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $26,519 for a total return of roughly 165.19%. All prices are adjusted for splits and dividends.


140.00%160.00%180.00%200.00%220.00%240.00%260.00%NovemberDecember2023FebruaryMarch
165.19%
250.17%
ABHIX (American Century High-Yield Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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American Century High-Yield Fund

Return

American Century High-Yield Fund had a return of 2.30% year-to-date (YTD) and -4.71% in the last 12 months. Over the past 10 years, American Century High-Yield Fund had an annualized return of 2.81%, while the S&P 500 had an annualized return of 10.14%, indicating that American Century High-Yield Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month0.41%3.51%
Year-To-Date2.30%7.03%
6 months7.02%12.88%
1 year-4.71%-10.71%
5 years (annualized)2.19%9.21%
10 years (annualized)2.81%10.14%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20233.50%-1.56%
2022-4.01%2.11%2.32%-0.54%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current American Century High-Yield Fund Sharpe ratio is -0.60. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.60
-0.46
ABHIX (American Century High-Yield Fund)
Benchmark (^GSPC)

Dividend History

American Century High-Yield Fund granted a 6.05% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.30$0.24$0.27$0.24$0.26$0.30$0.30$0.30$0.31$0.39$0.42$0.45

Dividend yield

6.05%4.90%4.88%4.70%5.36%6.99%6.61%7.10%8.42%9.98%10.87%12.45%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.02$0.02
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
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
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
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
2018$0.02$0.03$0.03$0.02$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.02
2017$0.02$0.02$0.02$0.02$0.03$0.02$0.02$0.03$0.03$0.02$0.03$0.03
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
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
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
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
2012$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.09

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%NovemberDecember2023FebruaryMarch
-9.78%
-14.33%
ABHIX (American Century High-Yield Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the American Century High-Yield Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the American Century High-Yield Fund is 26.63%, recorded on Nov 21, 2008. It took 202 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-26.63%May 6, 2008140Nov 21, 2008202Sep 14, 2009342
-19.62%Feb 18, 202025Mar 23, 202091Jul 31, 2020116
-17.86%Mar 13, 2000385Sep 27, 2001510Oct 9, 2003895
-15.69%Jan 3, 2022187Sep 29, 2022
-13.53%Aug 3, 199856Oct 19, 1998355Mar 1, 2000411
-13.45%Jun 2, 2015177Feb 11, 2016102Jul 8, 2016279
-10.4%May 18, 201197Oct 4, 201175Jan 23, 2012172
-6.23%Oct 4, 201857Dec 26, 201840Feb 25, 201997
-5.97%Sep 4, 201473Dec 16, 201478Apr 10, 2015151
-5.93%Jun 1, 200739Jul 27, 200752Oct 10, 200791

Volatility Chart

Current American Century High-Yield Fund volatility is 5.76%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
5.76%
15.42%
ABHIX (American Century High-Yield Fund)
Benchmark (^GSPC)