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GLOBAL BOND FUND
mutual fund
AGBNX
Payout Change
Pending
Price as of:
$8.67
+0.01
+0.12%
primary theme
N/A
AGBNX (Mutual Fund)
GLOBAL BOND FUND
Payout Change
Pending
Price as of:
$8.67
+0.01
+0.12%
primary theme
N/A
AGBNX (Mutual Fund)
GLOBAL BOND FUND
Payout Change
Pending
Price as of:
$8.67
+0.01
+0.12%
primary theme
N/A
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
2.3%
1 yr return
2.6%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
0.1%
Net Assets
$3.26 B
Holdings in Top 10
15.0%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 119.00%
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
AGBNX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.66%
- Dividend Yield 6.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGLOBAL BOND FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateJan 31, 2012
-
Shares Outstanding1359264
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSimon Chester
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets in bonds. For purposes of this fund, the advisor defines bonds as non-money market debt securities which may be payable in U.S. or foreign currencies, and which may include U.S. and foreign corporate bonds and notes, government securities, commercial paper and securities backed by mortgages or other assets. The fund generally hedges most of its foreign currency exposure to the U.S. dollar.
The fund invests primarily in securities issued by companies and governments located in developed countries world-wide (including the United States), but may also invest in emerging markets. Under normal market conditions, the fund will invest at least 40% of its assets in foreign investments (unless the portfolio managers deem market conditions unfavorable, in which case the fund would invest at least 30% of its assets in foreign investments). The fund will allocate its assets among at least three different countries (one of which may be the United States).
The fund may invest up to 35% of its assets in high-yield securities. 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 fund may invest in emerging markets securities. The fund considers a security to be an emerging markets security if its issuer 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.
The advisor expects the fund’s dollar-weighted average maturity to be between two and 12 years.
The fund may invest in U.S. Treasury securities and securities of U.S. government agencies or instrumentalities, as well as debts issued or backed by state and local governments and their agencies. The fund may also invest in collateralized debt obligations, including collateralized loan obligations, mortgage- or asset-backed securities and other similarly structured investments.
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 to manage duration, credit exposure and country exposure. In certain foreign markets, swaps can also act as substitutes for other less liquid fixed-income instruments.
The fund may engage in active and frequent trading to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
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.
AGBNX - Performance
Return Ranking - Trailing
| Period | AGBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -15.2% | -2.4% | 50.00% |
| 1 Yr | 2.6% | -10.4% | -2.5% | 41.98% |
| 3 Yr | -1.0%* | -1.2% | 4.2% | 68.64% |
| 5 Yr | 0.1%* | -0.1% | 3.7% | 67.01% |
| 10 Yr | 1.5%* | 0.0% | 4.6% | 58.33% |
* Annualized
Return Ranking - Calendar
| Period | AGBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -9.4% | -0.6% | 22.58% |
| 2022 | -18.7% | -1.3% | 7.0% | 66.37% |
| 2021 | -3.1% | 0.5% | 200.9% | 20.18% |
| 2020 | 3.5% | -15.5% | 3.1% | 88.00% |
| 2019 | 6.7% | -0.6% | 30.6% | 60.26% |
Total Return Ranking - Trailing
| Period | AGBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -15.2% | -2.4% | 48.46% |
| 1 Yr | 2.6% | -12.6% | -2.5% | 35.11% |
| 3 Yr | -1.0%* | -1.6% | 4.2% | 61.02% |
| 5 Yr | 0.1%* | -0.1% | 3.7% | 59.79% |
| 10 Yr | 1.5%* | 0.0% | 4.6% | 55.56% |
* Annualized
Total Return Ranking - Calendar
| Period | AGBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.8% | -9.4% | -0.6% | 22.58% |
| 2022 | -13.0% | -1.3% | 7.0% | 66.37% |
| 2021 | -1.0% | 0.5% | 200.9% | 20.18% |
| 2020 | 4.6% | -15.5% | 3.3% | 20.00% |
| 2019 | 8.7% | 0.1% | 30.6% | 39.74% |
NAV & Total Return History
AGBNX - Holdings
Concentration Analysis
| AGBNX | Category Low | Category High | AGBNX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.26 B | 21.8 M | 93.5 B | 32.06% |
| Number of Holdings | 892 | 5 | 7040 | 40.91% |
| Net Assets in Top 10 | 495 M | -839 M | 6.06 B | 33.33% |
| Weighting of Top 10 | 15.03% | 6.1% | 100.0% | 68.18% |
Top 10 Holdings
- China Government Bond 2.64 01/15/2028 4.62%
- China Government Bond 2.54 12/25/2030 2.03%
- Landesbank Baden-Wuerttemberg/New York NY 0.00 08/01/2024 1.45%
- United States Treasury Note/Bond 4.50 02/15/2044 1.28%
- Deutsche Bundesrepublik Inflation Linked Bond 0.10 04/15/2026 1.18%
- Longship Funding LLC 0.00 08/01/2024 1.06%
- Fannie Mae Pool 5.00 1.04%
- Fannie Mae Pool 5.00 0.87%
- Canadian Government Bond 3.25 09/01/2028 0.82%
- French Republic Government Bond OAT 0.00 05/25/2032 0.67%
Asset Allocation
| Weighting | Return Low | Return High | AGBNX % Rank | |
|---|---|---|---|---|
| Bonds | 89.36% | 36.86% | 100.73% | 66.67% |
| Preferred Stocks | 8.43% | 0.00% | 0.73% | 16.67% |
| Cash | 2.53% | -2.75% | 67.17% | 21.97% |
| Convertible Bonds | 1.47% | 0.00% | 14.16% | 59.85% |
| Stocks | 0.00% | 0.00% | 0.70% | 64.39% |
| Other | -0.31% | -8.93% | 0.72% | 47.73% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | AGBNX % Rank | |
|---|---|---|---|---|
| Government | 42.16% | 1.71% | 97.31% | 43.94% |
| Corporate | 24.32% | 0.00% | 70.79% | 32.58% |
| Securitized | 11.75% | 0.00% | 29.11% | 11.36% |
| Cash & Equivalents | 2.52% | 0.00% | 51.02% | 31.06% |
| Municipal | 0.43% | 0.00% | 3.10% | 9.85% |
| Derivative | -0.31% | 0.00% | 50.79% | 48.48% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | AGBNX % Rank | |
|---|---|---|---|---|
| US | 53.41% | -11.86% | 53.57% | 46.21% |
| Non US | 35.95% | 26.05% | 98.85% | 50.00% |
AGBNX - Expenses
Operational Fees
| AGBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.02% | 1.81% | 60.94% |
| Management Fee | 0.63% | 0.00% | 0.83% | 84.85% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| AGBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| AGBNX 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.
| AGBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 119.00% | 2.00% | 402.00% | 72.97% |
AGBNX - Distributions
Dividend Yield Analysis
| AGBNX | Category Low | Category High | AGBNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.81% | 0.00% | 2.20% | 30.30% |
Dividend Distribution Analysis
| AGBNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| AGBNX | Category Low | Category High | AGBNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.66% | -0.30% | 3.10% | 24.43% |
Capital Gain Distribution Analysis
| AGBNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2024 | $0.148 | OrdinaryDividend |
| Jun 18, 2024 | $0.105 | OrdinaryDividend |
| Dec 19, 2023 | $0.127 | OrdinaryDividend |
| Sep 19, 2023 | $0.053 | OrdinaryDividend |
| Dec 21, 2022 | $0.467 | OrdinaryDividend |
| Sep 20, 2022 | $0.044 | OrdinaryDividend |
| Jun 21, 2022 | $0.038 | OrdinaryDividend |
| Mar 22, 2022 | $0.043 | OrdinaryDividend |
| Dec 21, 2021 | $0.151 | OrdinaryDividend |
| Dec 21, 2021 | $0.040 | CapitalGainShortTerm |
| Dec 21, 2021 | $0.035 | CapitalGainLongTerm |
| Sep 21, 2021 | $0.004 | OrdinaryDividend |
| Dec 22, 2020 | $0.008 | OrdinaryDividend |
| Dec 22, 2020 | $0.011 | CapitalGainShortTerm |
| Dec 22, 2020 | $0.020 | CapitalGainLongTerm |
| Jun 16, 2020 | $0.037 | OrdinaryDividend |
| Mar 10, 2020 | $0.036 | OrdinaryDividend |
| Dec 20, 2019 | $0.196 | OrdinaryDividend |
| Dec 20, 2018 | $0.596 | OrdinaryDividend |
| Dec 26, 2017 | $0.189 | OrdinaryDividend |
| Dec 19, 2017 | $0.024 | CapitalGainShortTerm |
| Dec 19, 2017 | $0.002 | CapitalGainLongTerm |
| Dec 27, 2016 | $0.135 | OrdinaryDividend |
| Dec 20, 2016 | $0.029 | CapitalGainShortTerm |
| Dec 28, 2015 | $0.049 | OrdinaryDividend |
| Sep 08, 2015 | $0.007 | OrdinaryDividend |
| Dec 23, 2014 | $0.460 | OrdinaryDividend |
| Dec 10, 2013 | $0.024 | CapitalGainShortTerm |
| Dec 10, 2013 | $0.012 | CapitalGainLongTerm |
| Sep 10, 2013 | $0.429 | OrdinaryDividend |
| Dec 26, 2012 | $0.099 | OrdinaryDividend |
| Dec 11, 2012 | $0.013 | CapitalGainShortTerm |
| Sep 18, 2012 | $0.256 | OrdinaryDividend |
AGBNX - Fund Manager Analysis
Managers
Simon Chester
Start Date
Tenure
Tenure Rank
Jan 31, 2012
10.34
10.3%
Simon Chester, Vice President and Portfolio Manager, has served on teams managing fixed-income for American Century Investments since joining it in 2010. Prior to joining American Century Investments, he was a senior credit analyst at Western Asset Management. He has a bachelor’s degree in commerce from the University of South Africa.
John Lovito
Start Date
Tenure
Tenure Rank
Jan 31, 2012
10.34
10.3%
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.
Robert Gahagan
Start Date
Tenure
Tenure Rank
Jan 31, 2012
10.34
10.3%
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.
Lynn Chen
Start Date
Tenure
Tenure Rank
Sep 03, 2021
0.74
0.7%
Lynn Chen, CFA, Vice President and Senior Portfolio Manager, has served on teams managing fixed-income investments since joining American Century Investment Management, Inc. in 2021. Previously, Lynn joined Aberdeen Standard Investments Inc. in May 2013 following the acquisition of Artio Global Management. From 2002-2013, she held a role similar to a Senior Investment Manager with Artio Global Management’s Fixed Income Group. Prior to that, she was a Fixed Income Portfolio Manager at JP Morgan Fleming Asset Management and Chase Asset Management. Previously, she was a Junior Portfolio Manager at Nippon Life Americas. Lynn graduated with a BA from Beijing University and an MPA from Princeton University, Woodrow Wilson School of Public & International Affairs. She is a CFA Charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.12 | 31.42 | 5.43 | 0.92 |
