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Trending ETFs

Name

As of 03/27/2024

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

$9.32

$544 M

2.97%

$0.28

0.77%

Vitals

YTD Return

-0.1%

1 yr return

0.6%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

1.9%

Net Assets

$544 M

Holdings in Top 10

32.6%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 64.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$9.32

$544 M

2.97%

$0.28

0.77%

AIPTX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.23%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    VP INFLATION PROTECTION FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jun 30, 2003
  • Shares Outstanding
    60653338
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Gahagan

Fund Description

The fund invests substantially all of its assets in investment-grade debt securities. An investment-grade security is one that has been rated by an independent rating agency in its top four credit quality categories or, if unrated, determined by the advisor to be of comparable credit quality. To help protect against U.S. inflation, under normal conditions the fund will invest over 50% of its assets in inflation-indexed debt securities. These securities include inflation-indexed U.S. Treasury securities, inflation-indexed securities issued by U.S. government agencies and instrumentalities other than the U.S. Treasury, and inflation-indexed securities issued by other entities such as corporations and foreign governments. Inflation-indexed securities are designed to protect the future purchasing power of the money invested in them. The fund also may invest in debt securities that are not inflation-indexed such as corporate bonds and notes, bank loans, commercial paper, and mortgage- or asset-backed securities.
The fund also may invest in derivative instruments, provided that such investments are in keeping with the fund’s investment objective. For example, the fund may use swap agreements to manage or reduce the risk of the effects of inflation with respect to the fund’s position in non-inflation-indexed securities. The fund also may enter into foreign currency exchange transactions for hedging purposes or to enhance returns. The fund may also invest in collateralized debt obligations, collateralized loan obligations, and similarly structured investments.
The portfolio managers are not limited to a specific weighted average maturity range. However, the portfolio managers monitor the fund’s weighted average maturity and seek to adjust it as appropriate, taking into account market conditions, the current inflation rate and other relevant factors.
Securities issued by the U.S. Treasury and certain U.S. government agencies, such as the Government National Mortgage Association (Ginnie Mae), are supported by the full faith and credit of the U.S. government. Securities issued by other U.S. government agencies, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, these agencies are authorized to borrow from the U.S. Treasury to meet their obligations. Inflation-indexed securities issued by non-U.S. government entities are backed only by the credit of the issuer.
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AIPTX - Performance

Return Ranking - Trailing

Period AIPTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -12.4% 7.4% 88.46%
1 Yr 0.6% -15.5% 7.0% 65.70%
3 Yr -1.2%* -12.4% 5.8% 68.81%
5 Yr 1.9%* -6.0% 4.6% 75.38%
10 Yr 1.9%* -2.0% 2.9% 40.74%

* Annualized

Return Ranking - Calendar

Period AIPTX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -8.7% 5.1% 64.08%
2022 -18.0% -52.3% -4.0% 72.41%
2021 3.0% -7.9% 7.7% 13.07%
2020 8.1% -29.4% 23.0% 50.00%
2019 6.4% 0.8% 16.7% 21.54%

Total Return Ranking - Trailing

Period AIPTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -12.4% 7.4% 88.46%
1 Yr 0.6% -15.5% 7.0% 65.70%
3 Yr -1.2%* -12.4% 5.8% 68.81%
5 Yr 1.9%* -6.0% 4.6% 75.38%
10 Yr 1.9%* -2.0% 2.9% 40.74%

* Annualized

Total Return Ranking - Calendar

Period AIPTX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -5.2% 9.5% 61.17%
2022 -13.1% -40.1% 9.2% 89.16%
2021 6.3% -2.7% 37.6% 23.12%
2020 9.6% -0.5% 27.5% 54.59%
2019 10.1% 2.8% 19.3% 5.64%

NAV & Total Return History


AIPTX - Holdings

Concentration Analysis

AIPTX Category Low Category High AIPTX % Rank
Net Assets 544 M 968 K 51.7 B 58.65%
Number of Holdings 176 2 1550 41.83%
Net Assets in Top 10 187 M 949 K 25 B 71.15%
Weighting of Top 10 32.57% 9.2% 103.8% 85.02%

Top 10 Holdings

  1. Federal National Mortgage Association 6.63 11/15/2030 5.42%
  2. United States Treasury Inflation Indexed Bonds 0.13 01/15/2032 3.70%
  3. United States Treasury Inflation Indexed Bonds 0.50 01/15/2028 3.20%
  4. Chariot Funding LLC 0.00 01/03/2024 3.05%
  5. Federal Home Loan Mortgage Corp 6.25 07/15/2032 3.04%
  6. United States Treasury Inflation Indexed Bonds 0.13 01/15/2031 3.03%
  7. United States Treasury Inflation Indexed Bonds 0.13 04/15/2026 2.97%
  8. Caterpillar Financial Services Corp 0.00 01/16/2024 2.78%
  9. United States Treasury Inflation Indexed Bonds 0.13 04/15/2027 2.77%
  10. United States Treasury Inflation Indexed Bonds 0.63 02/15/2043 2.61%

Asset Allocation

Weighting Return Low Return High AIPTX % Rank
Bonds
92.01% 0.00% 200.47% 85.10%
Cash
7.22% -42.00% 30.48% 5.29%
Other
3.52% -51.42% 61.84% 22.12%
Convertible Bonds
1.82% 0.00% 3.96% 7.69%
Stocks
0.00% 0.00% 100.05% 91.83%
Preferred Stocks
0.00% 0.00% 0.08% 91.83%

Bond Sector Breakdown

Weighting Return Low Return High AIPTX % Rank
Government
66.95% 6.70% 112.97% 82.21%
Securitized
14.30% 0.00% 58.03% 11.54%
Corporate
13.54% 0.00% 50.64% 14.42%
Cash & Equivalents
7.22% 0.00% 20.89% 8.65%
Derivative
3.52% -26.13% 19.50% 13.94%
Municipal
0.09% 0.00% 1.28% 24.04%

Bond Geographic Breakdown

Weighting Return Low Return High AIPTX % Rank
US
88.49% 0.00% 172.85% 83.65%
Non US
3.52% 0.00% 54.30% 13.94%

AIPTX - Expenses

Operational Fees

AIPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.03% 2.35% 39.32%
Management Fee 0.46% 0.00% 0.99% 84.62%
12b-1 Fee 0.25% 0.00% 1.00% 55.32%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

AIPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

AIPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 0.00% 246.00% 59.30%

AIPTX - Distributions

Dividend Yield Analysis

AIPTX Category Low Category High AIPTX % Rank
Dividend Yield 2.97% 0.00% 14.14% 46.15%

Dividend Distribution Analysis

AIPTX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Monthly

Net Income Ratio Analysis

AIPTX Category Low Category High AIPTX % Rank
Net Income Ratio 3.23% -0.06% 6.71% 67.32%

Capital Gain Distribution Analysis

AIPTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

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AIPTX - Fund Manager Analysis

Managers

Robert Gahagan


Start Date

Tenure

Tenure Rank

Dec 31, 2002

19.43

19.4%

Mr. Gahagan, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1983.  He became a portfolio manager in 1991. He has a bachelor’s degree in economics and an MBA from the University of Missouri – Kansas City.

James Platz


Start Date

Tenure

Tenure Rank

Sep 28, 2007

14.68

14.7%

Platz is vice president and a senior portfolio manager with American Century, his employer since October 2003. Prior to joining American Century, Platz was a vice president, senior portfolio manager for Standish Mellon Asset Management, formerly Certus Asset Advisors, since August 1995. He received a bachelor’s degree in history and political economies of industrial societies from the University of California – Berkeley, and an MBA from the University of Southern California. He is a CFA charterholder.

Miguel Castillo


Start Date

Tenure

Tenure Rank

May 01, 2015

7.09

7.1%

Miguel Castillo, Portfolio Manager, has served on teams managing fixed-income investments since joining the American Century Investments in 2008 as a senior fixed income trader. He was promoted to portfolio manager in 2014. He has a bachelor’s degree in banking and finance from Escuela Bancaria Y Comercial, Mexico City, and an MBA from the University of Minnesota.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.61 11.1