Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
SHORT DURATION INFLATION PROTECTION BOND FUND
mutual fund
APOIX
Payout Change
Pending
Price as of:
$10.16
+0.01
+0.1%
primary theme
TIPS
APOIX (Mutual Fund)
SHORT DURATION INFLATION PROTECTION BOND FUND
Payout Change
Pending
Price as of:
$10.16
+0.01
+0.1%
primary theme
TIPS
APOIX (Mutual Fund)
SHORT DURATION INFLATION PROTECTION BOND FUND
Payout Change
Pending
Price as of:
$10.16
+0.01
+0.1%
primary theme
TIPS
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
3.8%
1 yr return
3.7%
3 Yr Avg Return
2.6%
5 Yr Avg Return
3.3%
Net Assets
$1.63 B
Holdings in Top 10
69.9%
52 WEEK LOW AND HIGH
$10.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
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
APOIX - Profile
Distributions
- YTD Total Return 3.8%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.48%
- Dividend Yield 9.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSHORT DURATION INFLATION PROTECTION BOND FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateMay 31, 2005
-
Shares Outstanding65840224
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Gahagan
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets in inflation-linked debt securities. These securities include inflation-linked U.S. Treasury securities, inflation-linked securities issued by U.S. government agencies and instrumentalities other than the U.S. Treasury, and inflation-linked securities issued by other entities such as domestic and foreign corporations and governments. Inflation-linked securities are designed to protect the future purchasing power of the money invested in them.
The fund may invest in securities issued or guaranteed by the U.S. Treasury and certain U.S. government agencies or instrumentalities such as the Government National Mortgage Association (Ginnie Mae). Ginnie Mae is supported by the full faith and credit of the U.S. government. Securities issued or guaranteed by other U.S. government agencies or instrumentalities, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank (FHLB) are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, they are authorized to borrow from the U.S. Treasury to meet their obligations.
The fund also may invest a portion of its net assets in fixed-income securities that are not linked to inflation. These securities may include other debt securities, including mortgage- and asset-backed securities, and collateralized obligations such as collateralized loan obligations and collateralized mortgage obligations, whether issued by the U.S. government, its agencies or instrumentalities, corporations or other non-governmental issuers.
The fund 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. The fund 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 in derivative instruments such as options, futures contracts, options on futures contracts, and swaps (including inflation and credit default swaps), provided that such instruments are in keeping with the fund’s investment objective.
The weighted average duration of the fund’s portfolio must be five years or shorter. Duration is an indication of the relative sensitivity of a security’s market value to changes in interest rates. The longer the weighted average duration of the fund’s portfolio, the more sensitive its market value is to interest rate fluctuations. 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.
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 and interest rates.
APOIX - Performance
Return Ranking - Trailing
| Period | APOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.8% | -12.5% | 7.8% | 22.89% |
| 1 Yr | 3.7% | -11.5% | 8.7% | 23.88% |
| 3 Yr | 2.6%* | -17.1% | 4.4% | 14.80% |
| 5 Yr | 3.3%* | -7.7% | 4.6% | 14.29% |
| 10 Yr | 2.4%* | -2.4% | 3.4% | 18.32% |
* Annualized
Return Ranking - Calendar
| Period | APOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.0% | -8.7% | 5.1% | 26.13% |
| 2022 | -9.0% | -52.3% | -4.0% | 14.80% |
| 2021 | 2.3% | -7.9% | 7.7% | 15.63% |
| 2020 | 4.2% | -29.4% | 23.0% | 78.31% |
| 2019 | 3.0% | 0.8% | 16.7% | 80.85% |
Total Return Ranking - Trailing
| Period | APOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.8% | -12.5% | 7.8% | 22.89% |
| 1 Yr | 3.7% | -11.5% | 8.7% | 23.88% |
| 3 Yr | 2.6%* | -17.1% | 4.4% | 14.80% |
| 5 Yr | 3.3%* | -7.7% | 4.6% | 14.29% |
| 10 Yr | 2.4%* | -2.4% | 3.4% | 18.32% |
* Annualized
Total Return Ranking - Calendar
| Period | APOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.8% | -5.2% | 9.5% | 48.24% |
| 2022 | -3.9% | -40.1% | 9.2% | 9.18% |
| 2021 | 6.3% | -2.7% | 37.6% | 22.92% |
| 2020 | 5.1% | -0.5% | 27.5% | 93.12% |
| 2019 | 4.8% | 2.8% | 19.3% | 87.77% |
NAV & Total Return History
APOIX - Holdings
Concentration Analysis
| APOIX | Category Low | Category High | APOIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.63 B | 963 K | 54.3 B | 34.83% |
| Number of Holdings | 95 | 2 | 1463 | 53.73% |
| Net Assets in Top 10 | 1.24 B | 913 K | 25.5 B | 29.85% |
| Weighting of Top 10 | 69.92% | 9.4% | 100.0% | 29.00% |
Top 10 Holdings
- United States Treasury Inflation Indexed Bonds 0.13 04/15/2027 17.28%
- United States Treasury Inflation Indexed Bonds 0.13 10/15/2026 9.07%
- United States Treasury Inflation Indexed Bonds 1.13 04/15/2028 8.01%
- United States Treasury Inflation Indexed Bonds 0.63 01/15/2026 7.29%
- United States Treasury Inflation Indexed Bonds 0.50 01/15/2028 6.88%
- United States Treasury Inflation Indexed Bonds 0.13 04/15/2026 6.01%
- United States Treasury Inflation Indexed Bonds 2.13 04/15/2029 4.59%
- United States Treasury Inflation Indexed Bonds 0.25 07/15/2029 4.14%
- United States Treasury Inflation Indexed Bonds 3.63 04/15/2028 3.40%
- United States Treasury Inflation Indexed Bonds 0.38 01/15/2027 3.25%
Asset Allocation
| Weighting | Return Low | Return High | APOIX % Rank | |
|---|---|---|---|---|
| Bonds | 96.68% | 0.00% | 206.20% | 64.18% |
| Preferred Stocks | 1.89% | 0.00% | 1.89% | 7.46% |
| Cash | 1.26% | -42.00% | 15.77% | 34.83% |
| Other | 0.56% | -58.58% | 66.48% | 56.72% |
| Convertible Bonds | 0.27% | 0.00% | 3.96% | 20.40% |
| Stocks | 0.00% | 0.00% | 100.03% | 37.81% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | APOIX % Rank | |
|---|---|---|---|---|
| Government | 84.57% | 6.70% | 112.97% | 65.67% |
| Securitized | 4.79% | 0.00% | 58.03% | 30.35% |
| Corporate | 3.85% | 0.00% | 50.64% | 31.34% |
| Cash & Equivalents | 1.26% | 0.00% | 15.13% | 27.36% |
| Derivative | 0.56% | -26.67% | 16.13% | 45.77% |
| Municipal | 0.00% | 0.00% | 1.28% | 46.77% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | APOIX % Rank | |
|---|---|---|---|---|
| US | 96.68% | 0.00% | 184.29% | 51.24% |
| Non US | 0.00% | 0.00% | 42.19% | 59.70% |
APOIX - Expenses
Operational Fees
| APOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | 22.29% | 45.73% |
| Management Fee | 0.56% | 0.00% | 0.99% | 96.52% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| APOIX 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
| APOIX 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.
| APOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 71.00% | 0.00% | 246.00% | 65.10% |
APOIX - Distributions
Dividend Yield Analysis
| APOIX | Category Low | Category High | APOIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.12% | 0.00% | 14.25% | 66.67% |
Dividend Distribution Analysis
| APOIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| APOIX | Category Low | Category High | APOIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.48% | -0.06% | 6.71% | 32.83% |
Capital Gain Distribution Analysis
| APOIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2024 | $0.232 | OrdinaryDividend |
| Dec 19, 2023 | $0.246 | OrdinaryDividend |
| Jun 20, 2023 | $0.032 | OrdinaryDividend |
| Dec 21, 2022 | $0.444 | OrdinaryDividend |
| Dec 21, 2022 | $0.011 | CapitalGainShortTerm |
| Dec 21, 2022 | $0.060 | CapitalGainLongTerm |
| Jun 21, 2022 | $0.043 | OrdinaryDividend |
| Dec 21, 2021 | $0.393 | OrdinaryDividend |
| Jun 22, 2021 | $0.034 | OrdinaryDividend |
| Dec 22, 2020 | $0.058 | OrdinaryDividend |
| Jun 16, 2020 | $0.028 | OrdinaryDividend |
| Dec 20, 2019 | $0.173 | OrdinaryDividend |
| Dec 20, 2018 | $0.169 | OrdinaryDividend |
| Jun 19, 2018 | $0.059 | OrdinaryDividend |
| Dec 26, 2017 | $0.103 | OrdinaryDividend |
| Jun 20, 2017 | $0.051 | OrdinaryDividend |
| Dec 27, 2016 | $0.043 | OrdinaryDividend |
| Dec 23, 2014 | $0.087 | OrdinaryDividend |
| Jun 10, 2014 | $0.026 | OrdinaryDividend |
| Dec 06, 2013 | $0.010 | CapitalGainShortTerm |
| Dec 06, 2013 | $0.013 | CapitalGainLongTerm |
| Jun 11, 2013 | $0.016 | OrdinaryDividend |
| Dec 26, 2012 | $0.076 | OrdinaryDividend |
| Dec 07, 2012 | $0.024 | CapitalGainShortTerm |
| Jun 12, 2012 | $0.056 | OrdinaryDividend |
| Dec 27, 2011 | $0.198 | OrdinaryDividend |
| Dec 09, 2011 | $0.482 | CapitalGainShortTerm |
| Dec 09, 2011 | $0.257 | CapitalGainLongTerm |
| Jun 14, 2011 | $0.146 | OrdinaryDividend |
| Dec 28, 2010 | $0.128 | OrdinaryDividend |
| Dec 10, 2010 | $0.070 | CapitalGainShortTerm |
| Dec 10, 2010 | $0.039 | CapitalGainLongTerm |
| Jun 15, 2010 | $0.111 | OrdinaryDividend |
| Dec 29, 2009 | $0.163 | OrdinaryDividend |
| Sep 16, 2008 | $0.224 | OrdinaryDividend |
| Jun 17, 2008 | $0.173 | OrdinaryDividend |
| Mar 18, 2008 | $0.062 | OrdinaryDividend |
| Dec 28, 2007 | $0.060 | OrdinaryDividend |
APOIX - Fund Manager Analysis
Managers
Robert Gahagan
Start Date
Tenure
Tenure Rank
May 31, 2005
17.01
17.0%
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
Feb 26, 2014
8.26
8.3%
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 | 6.56 | 11.1 |
