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Name

As of 06/01/2026

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

HIGH-YIELD FUND

AHYRX | Fund

$5.18

$86.7 M

0.00%

1.20%

Vitals

YTD Return

2.1%

1 yr return

7.2%

3 Yr Avg Return

7.4%

5 Yr Avg Return

2.7%

Net Assets

$86.7 M

Holdings in Top 10

15.2%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 83.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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

HIGH-YIELD FUND

AHYRX | Fund

$5.18

$86.7 M

0.00%

1.20%

AHYRX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 7.4%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    HIGH-YIELD FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jul 29, 2005
  • Shares Outstanding
    209141
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gavin Fleischman

Fund Description

The fund invests in high-yield corporate bonds and other debt securities with an emphasis on securities that are rated below investment-grade. A high-yield security, or junk bond, is one that has been rated below the four highest categories used by a nationally recognized statistical rating organization, or determined by the investment advisor to be of similar quality.
Under normal market conditions, the portfolio managers will maintain at least 80% of the fund’s net assets in high-yield corporate bonds and other debt instruments (including income-producing convertible and preferred securities, as well as loan participations and loan assignments). The remaining assets may be invested in common stocks or other equity-related securities. The fund may invest in new issuances of high yield securities, distressed securities and restricted or illiquid securities, including Rule 144A securities. Convertible securities in which the fund may invest include contingent convertible securities (sometimes referred to as CoCos or Additional Tier 1 Instruments). A CoCo is a fixed-income instrument that may be converted into or exchanged for a prescribed amount of common stock or other security of the same or a different issuer or cash within a particular period of time at a specified price or formula. The value of CoCos tends to decline as interest rates rise and, because of the conversion feature, tends to vary with fluctuations in the market value of the underlying securities.
Up to 40% of the fund’s total assets may be invested in fixed-income obligations of foreign issuers. Under normal market conditions, the fund 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.
The fund also may invest in derivative instruments such as options, futures contracts, options on futures contracts, and swaps (including credit default swaps), or in mortgage- or asset-backed securities, provided that such investments are in keeping with the fund’s investment objective. The fund may also engage in securities lending and invest its collateral in eligible securities.
The portfolio managers follow a systematic process that utilizes data and technology to identify diversified sources of return. The approach uses a disciplined, model-driven investment process that is designed to take advantage of inefficiencies in the high yield bond market and deliver attractive performance through security selection. The portfolio managers use quantitative models and tools to evaluate securities based on a number of factors, such as a bond’s spread, its price, the issuer’s equity momentum, and the issuer’s profitability, to construct a portfolio that is diversified and has balanced factor exposures. The portfolio managers then review the output of the quantitative model and, if necessary, make adjustments based on situations such as extraordinary economic events, corporate developments, or liquidity issues.
Read More

AHYRX - Performance

Return Ranking - Trailing

Period AHYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -5.0% 8.8% 40.10%
1 Yr 7.2% -1.4% 24.8% 38.75%
3 Yr 7.4%* -0.8% 19.7% 78.14%
5 Yr 2.7%* -3.9% 14.4% 89.35%
10 Yr 4.0%* 1.0% 20.8% 87.95%

* Annualized

Return Ranking - Calendar

Period AHYRX Return Category Return Low Category Return High Rank in Category (%)
2025 2.4% -9.4% 9.7% 18.10%
2024 0.4% -25.4% 11.8% 65.99%
2023 4.5% -4.7% 12.2% 66.61%
2022 -15.8% -33.4% 3.6% 55.23%
2021 0.3% -8.4% 9.8% 39.37%

Total Return Ranking - Trailing

Period AHYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -5.0% 8.8% 40.10%
1 Yr 7.2% -1.4% 24.8% 38.75%
3 Yr 7.4%* -0.8% 19.7% 78.14%
5 Yr 2.7%* -3.9% 14.4% 89.35%
10 Yr 4.0%* 1.0% 20.8% 87.95%

* Annualized

Total Return Ranking - Calendar

Period AHYRX Return Category Return Low Category Return High Rank in Category (%)
2025 8.6% -2.1% 18.7% 50.08%
2024 6.1% -12.7% 18.9% 90.02%
2023 10.4% 3.5% 23.2% 84.92%
2022 -12.0% -29.1% 47.8% 75.13%
2021 4.3% -2.8% 16.2% 70.30%

NAV & Total Return History

AHYRX - Holdings

Concentration Analysis

AHYRX Category Low Category High AHYRX % Rank
Net Assets 86.7 M 3.13 M 31.3 B 92.05%
Number of Holdings 304 2 7288 62.74%
Net Assets in Top 10 13.1 M -492 M 6.47 B 91.11%
Weighting of Top 10 15.22% 4.3% 144.4% 43.08%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 6.95%
  2. State Street Institutional US Government Money Market Fund 4.04%
  3. DISH Network Corp 11.75 11/15/2027 0.59%
  4. Mauser Packaging Solutions Holding Co 7.88 04/15/2030 0.55%
  5. ZF North America Capital Inc 7.13 04/14/2030 0.54%
  6. EchoStar Corp 10.75 11/30/2029 0.54%
  7. APLD ComputeCo LLC 9.25 12/15/2030 0.52%
  8. Level 3 Financing Inc 8.50 01/15/2036 0.51%
  9. Connect Finco SARL / Connect US Finco LLC 9.00 09/15/2029 0.50%
  10. CVS Health Corp 7.00 03/10/2055 0.50%

Asset Allocation

Weighting Return Low Return High AHYRX % Rank
Bonds 		94.87% 0.00% 145.36% 47.04%
Cash 		10.99% -52.00% 48.62% 7.18%
Convertible Bonds 		1.35% 0.00% 17.89% 39.15%
Preferred Stocks 		0.39% 0.00% 4.59% 22.74%
Stocks 		0.00% 0.00% 99.76% 93.23%
Other 		-0.09% -39.08% 96.21% 94.87%

Bond Sector Breakdown

Weighting Return Low Return High AHYRX % Rank
Corporate 		90.20% 0.00% 100.00% 79.79%
Cash & Equivalents 		10.99% 0.00% 48.62% 7.01%
Securitized 		0.27% 0.00% 97.24% 34.42%
Municipal 		0.00% 0.00% 1.17% 64.04%
Government 		0.00% 0.00% 99.07% 75.17%
Derivative 		-0.09% -20.24% 42.26% 92.82%

Bond Geographic Breakdown

Weighting Return Low Return High AHYRX % Rank
US 		94.87% 0.00% 126.57% 31.62%
Non US 		0.00% 0.00% 60.71% 81.03%

AHYRX - Expenses

Operational Fees

AHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.04% 25.46% 31.36%
Management Fee 0.67% 0.00% 1.75% 78.81%
12b-1 Fee 0.50% 0.00% 1.00% 66.31%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

AHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

AHYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 1.00% 255.00% 78.62%

AHYRX - Distributions

Dividend Yield Analysis

AHYRX Category Low Category High AHYRX % Rank
Dividend Yield 0.00% 0.00% 11.76% 79.73%

Dividend Distribution Analysis

AHYRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AHYRX Category Low Category High AHYRX % Rank
Net Income Ratio 3.40% -2.39% 9.30% 88.81%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AHYRX - Fund Manager Analysis

Managers

Gavin Fleischman

Start Date

Tenure

Tenure Rank

Feb 23, 2015

7.27

7.3%

Mr. Fleischman, Vice President and Portfolio Manager, has served on teams managing fixed-income investments for American Century since joining the advisor in 2008 as a corporate analyst. He was promoted to portfolio manager in 2015. He has a bachelor’s degree in history from Lafayette College and an MBA in finance from Fordham University.

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.

Jeffrey Houston

Start Date

Tenure

Tenure Rank

May 25, 2019

3.02

3.0%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.49 4.25

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