American Century Short Dur Inf PrBd A
- APOAX
- Price as of: Jan 15, 2021
-
$10.58
N/A N/A
- Primary Theme
- TIPS
- Fund Company
- American Century Investments
- Share Class
APOAX - Snapshot
Vitals
- YTD Return 0.4%
- 3 Yr Annualized Return 3.0%
- 5 Yr Annualized Return 2.5%
- Net Assets $2.2 B
- Holdings in Top 10 80.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.82%
SALES FEES
- Front Load 2.25%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 50.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA N/A
Fund Classification
-
Primary Theme
TIPS
- Fund Type Open End Mutual Fund
- Investment Style Inflation-Protected Bond
APOAX - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.88%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Century Short Duration Inflation Protection Bond Fund
-
Fund Family NameAmerican Century Investments
-
Inception DateMay 31, 2005
-
Shares Outstanding3310717
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert Gahagan
Fund Description
The fund normally invests at least 80% of its net assets in inflation-linked debt securities. It invests primarily in investment-grade securities, but may also invest a portion of its assets in high-yield securities, or junk bonds. The fund also may invest a portion of its net assets in fixed-income securities that are not linked to inflation. It may invest up to 20% of its total assets in securities denominated in foreign currencies and may invest beyond this limit in U.S. dollar denominated securities of foreign issuers.
APOAX - Performance
Return Ranking - Trailing
| Period | APOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.4% | -2.5% | 5.6% | 18.06% |
| 1 Yr | 4.8% | -0.5% | 27.2% | 97.69% |
| 3 Yr | 3.0%* | 0.9% | 11.7% | 96.14% |
| 5 Yr | 2.5%* | 1.1% | 10.9% | 97.00% |
| 10 Yr | 1.9%* | 1.1% | 7.2% | 88.96% |
* Annualized
Return Ranking - Calendar
| Period | APOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 4.2% | -29.4% | 23.0% | 77.00% |
| 2019 | 3.0% | -47.0% | 16.7% | 84.76% |
| 2018 | -2.2% | -11.1% | -0.5% | 13.07% |
| 2017 | -0.8% | -2.8% | 6.6% | 82.42% |
| 2016 | 2.8% | 0.5% | 7.7% | 45.98% |
Total Return Ranking - Trailing
| Period | APOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.4% | -2.5% | 5.6% | 18.06% |
| 1 Yr | 2.5% | -0.5% | 27.2% | 98.15% |
| 3 Yr | 2.2%* | 0.9% | 11.7% | 99.03% |
| 5 Yr | 2.0%* | 1.1% | 10.9% | 98.50% |
| 10 Yr | 1.6%* | 1.0% | 7.2% | 91.56% |
* Annualized
Total Return Ranking - Calendar
| Period | APOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 4.2% | -29.4% | 23.0% | 77.00% |
| 2019 | 3.0% | 0.8% | 16.7% | 85.71% |
| 2018 | -0.2% | -9.9% | 0.6% | 4.02% |
| 2017 | 0.5% | -2.7% | 9.6% | 68.68% |
| 2016 | 3.0% | 0.5% | 10.4% | 58.05% |
NAV & Total Return History
APOAX - Holdings
Concentration Analysis
| APOAX | Category Low | Category High | APOAX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.2 B | 3.09 M | 40.3 B | 31.19% |
| Number of Holdings | 127 | 5 | 1104 | 53.24% |
| Net Assets in Top 10 | 1.78 B | -39.6 M | 24.8 B | 18.98% |
| Weighting of Top 10 | 80.73% | 8.9% | 99.6% | 13.17% |
Top 10 Holdings
- United States Treasury Notes 0.25% 19.27%
- United States Treasury Notes 0.12% 12.23%
- United States Treasury Notes 0.62% 11.87%
- United States Treasury Notes 0.62% 9.02%
- United States Treasury Notes 0.62% 6.57%
- United States Treasury Notes 0.12% 6.25%
- United States Treasury Notes 0.5% 4.75%
- United States Treasury Notes 0.12% 4.72%
- United States Treasury Notes 0.38% 3.54%
- United States Treasury Notes 0.12% 2.50%
Asset Allocation
| Weighting | Return Low | Return High | APOAX % Rank | |
|---|---|---|---|---|
| Bonds | 98.13% | 42.87% | 144.69% | 35.19% |
| Cash | 1.69% | -48.32% | 57.12% | 59.26% |
| Convertible Bonds | 0.17% | 0.00% | 5.65% | 25.00% |
| Stocks | 0.00% | -2.59% | 13.94% | 46.76% |
| Preferred Stocks | 0.00% | 0.00% | 0.54% | 46.30% |
| Other | 0.00% | -8.84% | 33.49% | 47.22% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | APOAX % Rank | |
|---|---|---|---|---|
| Government | 88.35% | 0.13% | 100.00% | 48.15% |
| Securitized | 6.36% | 0.00% | 58.11% | 23.61% |
| Corporate | 3.81% | 0.00% | 90.69% | 42.59% |
| Cash & Equivalents | 1.48% | 0.00% | 36.18% | 71.76% |
| Derivative | 0.00% | 0.00% | 14.10% | 27.31% |
| Municipal | 0.00% | 0.00% | 3.11% | 61.11% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | APOAX % Rank | |
|---|---|---|---|---|
| US | 94.14% | 34.95% | 189.45% | 37.96% |
| Non US | 3.99% | -95.39% | 36.11% | 49.07% |
APOAX - Expenses
Operational Fees
| APOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.82% | 0.01% | 22.01% | 39.22% |
| Management Fee | 0.56% | 0.00% | 0.99% | 96.33% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 38.68% |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| APOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.25% | 1.00% | 4.75% | 86.36% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| APOAX 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.
| APOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 50.00% | 0.00% | 357.00% | 48.15% |
APOAX - Distributions
Dividend Yield Analysis
| APOAX | Category Low | Category High | APOAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 2.24% | 43.58% |
Dividend Distribution Analysis
| APOAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Semi-Annually | Monthly | Semi-Annually |
Net Income Ratio Analysis
| APOAX | Category Low | Category High | APOAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.88% | -0.02% | 3.82% | 52.34% |
Capital Gain Distribution Analysis
| APOAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 20, 2018 | $0.155 |
| Jun 19, 2018 | $0.047 |
| Dec 26, 2017 | $0.090 |
| Jun 20, 2017 | $0.039 |
| Dec 27, 2016 | $0.018 |
| Dec 31, 2014 | $0.073 |
| Dec 23, 2014 | $0.073 |
| Jun 11, 2013 | $0.004 |
| Dec 26, 2012 | $0.061 |
| Jun 12, 2012 | $0.044 |
| Dec 27, 2011 | $0.184 |
| Jun 14, 2011 | $0.139 |
| Dec 28, 2010 | $0.108 |
| Jun 15, 2010 | $0.104 |
| Dec 29, 2009 | $0.137 |
| Sep 16, 2008 | $0.217 |
| Jun 17, 2008 | $0.167 |
| Mar 18, 2008 | $0.056 |
| Dec 28, 2007 | $0.054 |
| Sep 28, 2007 | $0.010 |
| Aug 31, 2007 | $0.032 |
| Jul 31, 2007 | $0.060 |
| Jun 29, 2007 | $0.073 |
| May 31, 2007 | $0.092 |
| Apr 30, 2007 | $0.060 |
| Nov 30, 2006 | $0.001 |
| Oct 31, 2006 | $0.027 |
| Sep 29, 2006 | $0.038 |
| Aug 31, 2006 | $0.028 |
| Jul 31, 2006 | $0.001 |
| Jun 30, 2006 | $0.090 |
| May 31, 2006 | $0.058 |
| Apr 28, 2006 | $0.025 |
| Mar 31, 2006 | $0.002 |
APOAX - Fund Manager Analysis
Managers
Robert Gahagan
Start Date
Tenure
Tenure Rank
May 31, 2005
15.6
15.6%
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.
Brian Howell
Start Date
Tenure
Tenure Rank
May 31, 2006
14.6
14.6%
Mr. Howell, Vice President and Senior Portfolio Manager, joined American Century Investments in 1987. He became a portfolio manager in 1996. He has shared primary responsibility for the management of the funds since 2006, and has served on teams managing fixed-income investments since joining American Century. He has a bachelor’s degree in mathematics/statistics and an MBA from the University of California – Berkeley.
James Platz
Start Date
Tenure
Tenure Rank
Sep 28, 2007
13.27
13.3%
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
Feb 26, 2014
6.85
6.9%
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 |
|---|---|---|---|
| 0.08 | 19.1 | 6.83 | 9.68 |