- Issuer
- American Century
- Inception Date
- May 19, 2022
- Category
- High Yield Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ACHFX Performance Chart
American Century High Income Fund Class G (ACHFX) is up 1.4% since the beginning of the year. ACHFX is currently trading at $9 per share.
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Returns By Period
American Century High Income Fund Class G (ACHFX) has returned 1.44% so far this year and 7.70% over the past 12 months.
American Century High Income Fund Class G
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 1.44%
- 6M
- 2.29%
- 1Y
- 7.70%
- 3Y*
- 8.81%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ACHFX Monthly Returns History
Based on dividend-adjusted daily data since May 23, 2022, ACHFX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 68% of months were positive and 32% were negative. The best month was Jul 2022 with a return of +5.5%, while the worst month was Jun 2022 at -7.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ACHFX closed higher 42% of trading days. The best single day was Nov 10, 2022 with a return of +1.8%, while the worst single day was Jun 13, 2022 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.50% | 0.26% | -1.22% | 1.77% | 0.38% | -0.23% | 1.44% | ||||||
| 2025 | 1.43% | 0.72% | -1.00% | -0.08% | 1.70% | 1.90% | 0.62% | 1.30% | 0.96% | 0.27% | 0.60% | 0.84% | 9.62% |
| 2024 | 0.00% | 0.25% | 1.32% | -0.92% | 1.12% | 0.24% | 2.02% | 1.57% | 1.48% | -0.54% | 1.95% | -0.54% | 8.18% |
| 2023 | 4.04% | -1.18% | 1.38% | 0.48% | -0.97% | 1.88% | 1.42% | -0.36% | -1.07% | -1.96% | 4.75% | 3.75% | 12.56% |
| 2022 | 3.29% | -7.83% | 5.49% | -2.05% | -4.62% | 2.73% | 2.49% | -0.73% | -1.92% |
Benchmark Metrics
American Century High Income Fund Class G has an annualized alpha of 3.90%, beta of 0.19, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since May 23, 2022.
- This fund participated in 41.11% of S&P 500 Index downside but only 34.13% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.19 may look defensive, but with R2 of 0.33 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.33 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.90%
- Beta
- 0.19
- R²
- 0.33
- Upside Capture
- 34.13%
- Downside Capture
- 41.11%
Return for Risk
Risk / Return Rank
ACHFX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Century High Income Fund Class G (ACHFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACHFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.78 | +0.34 |
| Martin ratioReturn relative to average drawdown | 15.86 | 12.44 | +3.42 |
Dividends
Dividend History
American Century High Income Fund Class G provided a 7.34% dividend yield over the last twelve months, with an annual payout of $0.64 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.64 | $0.64 | $0.63 | $0.45 | $0.21 |
Dividend yield | 7.34% | 7.25% | 7.24% | 5.24% | 2.57% |
Monthly Dividends
The table displays the monthly dividend distributions for American Century High Income Fund Class G. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.64 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.05 | $0.06 | $0.05 | $0.05 | $0.11 | $0.05 | $0.63 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.00 | $0.05 | $0.00 | $0.05 | $0.05 | $0.45 |
| 2022 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.04 | $0.05 | $0.05 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Century High Income Fund Class G. 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 Income Fund Class G was 9.27%, occurring on Sep 29, 2022. Recovery took 86 trading sessions.
The current American Century High Income Fund Class G drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -9.27%Sep 2022 | 4mo | 4mo 6d | 8mo 6dJun 2022 - Feb 2023 |
2023 pullback2023 | -4.36%Feb 2023 | 18d | 4mo 21d | 5mo 9dFeb 2023 - Jul 2023 |
2025 selloff2025 | -3.89%Apr 2025 | 1mo 4d | 1mo 6d | 2mo 10dMar 2025 - May 2025 |
2023 pullback2023 | -3.84%Oct 2023 | 2mo 20d | 1mo 9d | 3mo 29dAug 2023 - Nov 2023 |
2026 pullback2026 | -2.51%Mar 2026 | 22d | 13d | 1mo 5dMar 2026 - Apr 2026 |
Drawdown Indicators
| ACHFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.27% | -56.78% | +47.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -9.10% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -18.90% | +15.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.80% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -10.71% | +9.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 2.03% | -1.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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