AVBTX: American Century VP Balanced II

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AVBTX American Century VP Balanced II


Profile

AVBTX - Profile

Vitals

  • YTD Return -4.4%
  • 3 Yr Annualized Return 2.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $278 M
  • Holdings in Top 10 21.0%

52 WEEK LOW AND HIGH

$7.82
$6.72
$8.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 115.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -4.4%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    American Century VP Balanced
  • Fund Family Name
    American Century Investments
  • Inception Date
    May 02, 2016
  • Shares Outstanding
    14437792
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Howell

Fund Description

For the equity portion of the fund, the portfolio normally invests in large (those with a market cap greater than $2 billion), publicly-traded U.S. companies from most attractive to least attractive based on an objective set of measures. For the fixed-income portion of the fund, the portfolio managers invest in a diversified portfolio of high- and medium-grade non-money market debt securities.


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Categories

Performance

AVBTX - Performance

Return Ranking - Trailing

Period AVBTX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -46.0% 28.5% 52.10%
1 Yr 4.0% -57.1% 38.8% 18.12%
3 Yr 2.6%* -39.0% 14.4% 11.29%
5 Yr N/A* -35.6% 9.9% 13.46%
10 Yr N/A* -37.2% 11.7% 15.64%

* Annualized

Return Ranking - Calendar

Period AVBTX Return Category Return Low Category Return High Rank in Category (%)
2019 15.2% -50.4% 46.8% 21.80%
2018 -5.7% -31.8% 11.7% 13.70%
2017 8.0% -44.7% 46.3% 32.43%
2016 N/A -29.9% 420.6% N/A
2015 N/A -40.7% 14.6% N/A

Total Return Ranking - Trailing

Period AVBTX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -46.0% 28.5% 52.10%
1 Yr 4.0% -57.1% 38.8% 18.02%
3 Yr 4.4%* -39.0% 14.4% 10.14%
5 Yr N/A* -35.6% 9.9% 20.65%
10 Yr N/A* -37.2% 12.2% 20.20%

* Annualized

Total Return Ranking - Calendar

Period AVBTX Return Category Return Low Category Return High Rank in Category (%)
2019 15.2% -50.4% 46.8% 22.34%
2018 -3.9% -27.6% 11.7% 19.34%
2017 13.6% -44.7% 46.3% 21.07%
2016 N/A -29.9% 420.6% N/A
2015 N/A -36.9% 14.6% N/A

NAV & Total Return History


Holdings

AVBTX - Holdings

Concentration Analysis

AVBTX Category Low Category High AVBTX % Rank
Net Assets 278 M 100 K 153 B 55.08%
Number of Holdings 729 2 13456 14.14%
Net Assets in Top 10 45.4 M -35.2 M 27.1 B 68.61%
Weighting of Top 10 21.03% 5.5% 100.0% 76.42%

Top 10 Holdings

  1. E-mini S&P 500 Futures June20 2.84%
  2. Apple Inc 2.49%
  3. United States Treasury Notes 0.5% 2.44%
  4. Microsoft Corp 2.39%
  5. Bp9u31zz0 Cds Usd R V 00mevent 2i65brsp6 Ice Ccp 2.29%
  6. Bp9u31zz0 Cds Usd P F 5.00000 Markit Cdx Na Hy Ice Ccp 2.16%
  7. Amazon.com Inc 1.89%
  8. Alphabet Inc A 1.67%
  9. Facebook Inc A 1.48%
  10. 5 Year Treasury Note Future June 20 1.38%

Asset Allocation

Weighting Return Low Return High AVBTX % Rank
Stocks
54.26% -113.74% 77.36% 34.82%
Bonds
37.42% -7.02% 80.79% 63.20%
Cash
7.95% -120.83% 149.68% 28.48%
Convertible Bonds
0.36% -0.67% 52.57% 52.39%
Preferred Stocks
0.00% 0.00% 36.61% 96.88%
Other
0.00% -4.42% 167.50% 91.58%

Stock Sector Breakdown

Weighting Return Low Return High AVBTX % Rank
Technology
26.51% 0.00% 100.00% 4.07%
Healthcare
19.77% 0.00% 54.35% 8.47%
Communication Services
12.92% 0.00% 26.69% 5.72%
Consumer Cyclical
10.06% 0.00% 33.58% 38.17%
Financial Services
9.91% 0.00% 62.98% 83.50%
Consumer Defense
8.99% 0.00% 18.41% 26.18%
Industrials
7.10% 0.00% 99.44% 83.06%
Energy
1.56% 0.00% 100.00% 85.70%
Basic Materials
1.27% 0.00% 19.70% 83.28%
Utilities
1.23% 0.00% 100.00% 81.30%
Real Estate
0.67% 0.00% 99.96% 88.01%

Stock Geographic Breakdown

Weighting Return Low Return High AVBTX % Rank
US
54.11% -112.30% 75.95% 18.40%
Non US
0.15% -3.33% 31.77% 89.60%

Bond Sector Breakdown

Weighting Return Low Return High AVBTX % Rank
Government
34.87% 0.00% 90.31% 20.27%
Securitized
22.00% 0.00% 85.82% 40.12%
Corporate
20.40% 0.00% 100.00% 76.30%
Cash & Equivalents
16.63% -3.87% 100.00% 35.34%
Derivative
4.74% 0.00% 69.90% 14.24%
Municipal
1.36% 0.00% 99.50% 14.45%

Bond Geographic Breakdown

Weighting Return Low Return High AVBTX % Rank
US
34.61% -8.49% 88.92% 62.58%
Non US
2.81% -14.78% 29.41% 55.61%

Expenses

AVBTX - Expenses

Operational Fees

AVBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.01% 7.41% 43.78%
Management Fee 0.90% 0.00% 2.00% 86.78%
12b-1 Fee 0.25% 0.00% 1.00% 55.70%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

AVBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AVBTX 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.

AVBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 115.00% 0.00% 574.00% 81.74%

Distributions

AVBTX - Distributions

Dividend Yield Analysis

AVBTX Category Low Category High AVBTX % Rank
Dividend Yield 0.00% 0.00% 10.35% 92.72%

Dividend Distribution Analysis

AVBTX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

AVBTX Category Low Category High AVBTX % Rank
Net Income Ratio 1.23% -5.24% 6.65% 73.98%

Capital Gain Distribution Analysis

AVBTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

AVBTX - Fund Manager Analysis

Managers

Brian Howell


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.34

14.3%

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.

Robert Gahagan


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.34

14.3%

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.

Claudia Musat


Start Date

Tenure

Tenure Rank

Jun 29, 2010

9.84

9.8%

Musat, Vice President,Portfolio Manager and Quantitative Analyst, has been a member of the team that manages the fund since its inception in September 2005. She joined American Century in May 2005 as a quantitative analyst and became a portfolio manager in February 2008. She has a bachelor’s degree in computer science from the University of Iasi, Romania, a master’s degree in mathematics from Florida State University and a master’s degree in financial engineering from the University of California at Berkeley.

Steven Rossi


Start Date

Tenure

Tenure Rank

Nov 04, 2016

3.49

3.5%

Mr. Rossi, Portfolio Manager, joined American Century Investments in 2016. Prior to joining American Century Investments, he worked at RS Investments from 2012 to 2016, most recently as portfolio manager. He previously held the roles of analyst and quantitative analyst. He has a bachelor’s degree in Political Economies of Industrialized Societies from the University of California at Berkeley. He is a CFA charterholder and a received his Financial Risk Manager certification from the Global Association of Risk Professionals.

Charles Tan


Start Date

Tenure

Tenure Rank

Oct 31, 2018

1.5

1.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.35 6.95 0.33