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EMERGING MARKETS DEBT FUND
mutual fund
AEDGX
Payout Change
Pending
Price as of:
$8.68
+0.03
+0.35%
primary theme
Emerging Markets Bond
AEDGX (Mutual Fund)
EMERGING MARKETS DEBT FUND
Payout Change
Pending
Price as of:
$8.68
+0.03
+0.35%
primary theme
Emerging Markets Bond
AEDGX (Mutual Fund)
EMERGING MARKETS DEBT FUND
Payout Change
Pending
Price as of:
$8.68
+0.03
+0.35%
primary theme
Emerging Markets Bond
Name
As of 12/20/2024Price
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
Vitals
YTD Return
2.7%
1 yr return
3.3%
3 Yr Avg Return
0.1%
5 Yr Avg Return
1.3%
Net Assets
$633 M
Holdings in Top 10
30.4%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 51.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
AEDGX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.73%
- Dividend Yield 6.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameEMERGING MARKETS DEBT FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateJul 30, 2014
-
Shares Outstanding52770916
-
Share ClassG
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Lovito
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets in fixed income instruments of issuers that are economically tied to emerging markets. The fund will invest in debt instruments issued by foreign governments and corporations. Investments are made in instruments denominated in U.S. dollars and in local emerging markets currency.
The fund considers an emerging market to be any country that is located outside the following developed countries list, which is subject to change: Australia, Austria, Belgium, Bermuda, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. In determining an issuer’s location, the portfolio managers may consider various factors including, among others, where the issuer is headquartered, where the issuer’s principal operations are located, where a majority of the issuer’s revenues are derived, where the principal trading market is located and the country in which the issuer was legally organized. The weight given to each of these factors will vary depending on the circumstances in a given case.
The fund may invest without limitation in both investment grade and high-yield (“junk bonds”) debt securities. An “investment grade” security is one that has been rated in one of the four highest categories used by a nationally recognized statistical rating organization or determined by the investment advisor to be of comparable credit quality. A “high-yield” security 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.
The average duration of the fund varies based on the portfolio managers’ forecast of interest rates and, under normal market conditions is not expected to exceed ten years. Duration is an indication of the relative sensitivity of a security’s market value to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Duration is different from maturity in that it attempts to measure the interest rate sensitivity of a security, as opposed to its expected final maturity.
In addition to the debt securities described above, the fund may also invest in bank loans.
The fund also invests in derivative instruments. The fund may use foreign currency exchange contracts to shift its investment exposure from one currency into another, for hedging purposes or to enhance returns. The fund may invest in futures contracts, options and swap agreements (such as interest rate swaps) to manage duration, credit exposure and country exposure. The fund may also invest in collateralized debt obligations, including collateralized loan obligations, mortgage- or asset-backed securities and other similarly structured investments.
The portfolio managers may engage in hedging of portfolio positions, which usually involves entering into a derivative transaction that has the opposite characteristics of the position being hedged. The net effect of these two positions is to reduce or eliminate the exposure created by the first position.
To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and whether to alter geographic or currency exposure.
AEDGX - Performance
Return Ranking - Trailing
| Period | AEDGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -9.3% | 453.9% | 64.16% |
| 1 Yr | 3.3% | -8.3% | 455.7% | 65.19% |
| 3 Yr | 0.1%* | -8.4% | 58.6% | 55.20% |
| 5 Yr | 1.3%* | -8.0% | 28.8% | 25.93% |
| 10 Yr | N/A* | -4.8% | 14.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | AEDGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.2% | -10.6% | 17.8% | 77.47% |
| 2022 | -15.3% | -29.1% | -2.4% | 28.98% |
| 2021 | -5.2% | -24.0% | 2.7% | 18.28% |
| 2020 | 2.8% | -14.0% | 9.7% | 20.00% |
| 2019 | 7.9% | -6.4% | 13.0% | 60.53% |
Total Return Ranking - Trailing
| Period | AEDGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -9.3% | 453.9% | 64.16% |
| 1 Yr | 3.3% | -8.3% | 455.7% | 65.19% |
| 3 Yr | 0.1%* | -8.4% | 58.6% | 55.20% |
| 5 Yr | 1.3%* | -8.0% | 28.8% | 25.93% |
| 10 Yr | N/A* | -4.8% | 14.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AEDGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.2% | -0.6% | 20.0% | 74.74% |
| 2022 | -11.6% | -27.6% | -1.7% | 34.98% |
| 2021 | -0.3% | -18.5% | 7.4% | 11.83% |
| 2020 | 8.0% | -7.8% | 18.0% | 11.85% |
| 2019 | 13.5% | -3.0% | 23.0% | 45.49% |
NAV & Total Return History
AEDGX - Holdings
Concentration Analysis
| AEDGX | Category Low | Category High | AEDGX % Rank | |
|---|---|---|---|---|
| Net Assets | 633 M | 565 K | 14.9 B | 32.08% |
| Number of Holdings | 307 | 4 | 1860 | 45.39% |
| Net Assets in Top 10 | 196 M | -134 M | 1.25 B | 26.96% |
| Weighting of Top 10 | 30.42% | 5.8% | 102.5% | 16.90% |
Top 10 Holdings
- Fixed Income Clearing Corp 5.31 08/01/2024 4.89%
- Czech Republic Government Bond 0.25 02/10/2027 3.81%
- Republic of South Africa Government Bond 8.50 01/31/2037 3.60%
- Thailand Government Bond 2.40 03/17/2029 3.29%
- Indonesia Treasury Bond 6.50 02/15/2031 3.19%
- Colombian TES 6.00 04/28/2028 2.80%
- Mexican Bonos 8.50 03/01/2029 2.79%
- Republic of Poland Government Bond 2.50 07/25/2027 2.38%
- Eskom Holdings SOC Ltd 6.35 08/10/2028 1.89%
- Hungary Government Bond 4.50 03/23/2028 1.80%
Asset Allocation
| Weighting | Return Low | Return High | AEDGX % Rank | |
|---|---|---|---|---|
| Bonds | 91.74% | 0.00% | 100.50% | 83.62% |
| Other | 6.76% | -10.15% | 91.74% | 4.44% |
| Cash | 1.43% | 0.00% | 29.76% | 88.40% |
| Preferred Stocks | 0.06% | 0.00% | 2.24% | 4.78% |
| Stocks | 0.00% | -0.01% | 96.78% | 54.95% |
| Convertible Bonds | 0.00% | 0.00% | 8.47% | 72.07% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | AEDGX % Rank | |
|---|---|---|---|---|
| Government | 45.93% | 0.00% | 99.79% | 75.86% |
| Corporate | 17.46% | 0.00% | 91.26% | 48.28% |
| Cash & Equivalents | 0.72% | 0.00% | 23.23% | 69.28% |
| Securitized | 0.00% | 0.00% | 2.41% | 40.00% |
| Municipal | 0.00% | 0.00% | 0.00% | 31.03% |
| Derivative | -0.05% | -1.67% | 13.76% | 70.65% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | AEDGX % Rank | |
|---|---|---|---|---|
| US | 51.71% | -42.31% | 99.16% | 60.75% |
| Non US | 40.03% | 0.00% | 132.49% | 37.20% |
AEDGX - Expenses
Operational Fees
| AEDGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.76% | 0.02% | 32.92% | 84.59% |
| Management Fee | 0.71% | 0.00% | 1.10% | 59.39% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
| AEDGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| AEDGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 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.
| AEDGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 51.00% | 0.00% | 218.00% | 37.11% |
AEDGX - Distributions
Dividend Yield Analysis
| AEDGX | Category Low | Category High | AEDGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.47% | 0.00% | 22.22% | 27.30% |
Dividend Distribution Analysis
| AEDGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| AEDGX | Category Low | Category High | AEDGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.73% | -2.28% | 8.00% | 20.28% |
Capital Gain Distribution Analysis
| AEDGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2024 | $0.140 | OrdinaryDividend |
| Sep 17, 2024 | $0.122 | OrdinaryDividend |
| Mar 19, 2024 | $0.111 | OrdinaryDividend |
| Dec 19, 2023 | $0.203 | OrdinaryDividend |
| Sep 19, 2023 | $0.109 | OrdinaryDividend |
| Jun 20, 2023 | $0.131 | OrdinaryDividend |
| Mar 21, 2023 | $0.131 | OrdinaryDividend |
| Dec 21, 2022 | $0.153 | OrdinaryDividend |
| Sep 20, 2022 | $0.049 | OrdinaryDividend |
| Jun 21, 2022 | $0.033 | OrdinaryDividend |
| Mar 22, 2022 | $0.019 | OrdinaryDividend |
| Feb 28, 2022 | $0.045 | OrdinaryDividend |
| Jan 31, 2022 | $0.045 | OrdinaryDividend |
| Dec 31, 2021 | $0.048 | OrdinaryDividend |
| Nov 30, 2021 | $0.041 | OrdinaryDividend |
| Oct 31, 2021 | $0.040 | OrdinaryDividend |
| Sep 30, 2021 | $0.041 | OrdinaryDividend |
| Aug 31, 2021 | $0.041 | OrdinaryDividend |
| Jul 31, 2021 | $0.041 | OrdinaryDividend |
| Jun 30, 2021 | $0.043 | OrdinaryDividend |
| May 28, 2021 | $0.038 | OrdinaryDividend |
| Apr 30, 2021 | $0.040 | OrdinaryDividend |
| Mar 31, 2021 | $0.040 | OrdinaryDividend |
| Feb 28, 2021 | $0.041 | OrdinaryDividend |
| Jan 31, 2021 | $0.040 | OrdinaryDividend |
| Dec 31, 2020 | $0.041 | OrdinaryDividend |
| Nov 30, 2020 | $0.040 | OrdinaryDividend |
| Oct 30, 2020 | $0.039 | OrdinaryDividend |
| Sep 30, 2020 | $0.038 | OrdinaryDividend |
| Aug 31, 2020 | $0.038 | OrdinaryDividend |
| Jul 31, 2020 | $0.038 | OrdinaryDividend |
| Jun 30, 2020 | $0.036 | OrdinaryDividend |
| May 29, 2020 | $0.033 | OrdinaryDividend |
| Apr 30, 2020 | $0.036 | OrdinaryDividend |
| Mar 31, 2020 | $0.042 | OrdinaryDividend |
| Feb 28, 2020 | $0.043 | OrdinaryDividend |
| Jan 31, 2020 | $0.043 | OrdinaryDividend |
| Dec 31, 2019 | $0.043 | OrdinaryDividend |
| Nov 29, 2019 | $0.042 | OrdinaryDividend |
| Oct 31, 2019 | $0.042 | OrdinaryDividend |
| Sep 30, 2019 | $0.042 | OrdinaryDividend |
| Aug 30, 2019 | $0.043 | OrdinaryDividend |
| Jul 31, 2019 | $0.043 | OrdinaryDividend |
| Dec 19, 2017 | $0.016 | CapitalGainShortTerm |
| Dec 19, 2017 | $0.008 | CapitalGainLongTerm |
AEDGX - Fund Manager Analysis
Managers
John Lovito
Start Date
Tenure
Tenure Rank
Jul 29, 2014
7.84
7.8%
Mr. Lovito, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 2009. He has shared primary responsibility for the management of the fund since 2010 and has served on teams managing fixed-income investments since joining American Century. Prior to joining American Century Investments in 2009, he spent seven years at Lehman Brothers Asset Management, most recently as managing director and head of global fixed-income strategies. He previously served as senior vice president and team leader for international fixed-income at Lehman Brothers Asset Management. He has a bachelor’s degree in economics and an MBA in finance from Fordham University.
Thomas Youn
Start Date
Tenure
Tenure Rank
Mar 01, 2018
4.25
4.3%
Thomas Youn, Portfolio Manager and Senior Corporate Analyst, has served on teams managing fixed-income investments for American Century Investments since joining in 2014. Prior to joining American Century Investments, he was a credit research analyst with Lord, Abbett & Co., LLC. He has a bachelor’s degree in biology from Brown University and an MBA from The University of Chicago Booth School of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.15 | 23.87 | 6.5 | 6.11 |
