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MULTISECTOR INCOME FUND
mutual fund
ASIGX
Payout Change
Pending
Price as of:
$8.85
+0.0
+0.0%
primary theme
Bond Sector Diversified
ASIGX (Mutual Fund)
MULTISECTOR INCOME FUND
Payout Change
Pending
Price as of:
$8.85
+0.0
+0.0%
primary theme
Bond Sector Diversified
ASIGX (Mutual Fund)
MULTISECTOR INCOME FUND
Payout Change
Pending
Price as of:
$8.85
+0.0
+0.0%
primary theme
Bond Sector Diversified
Name
As of 12/24/2024Price
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
4.8%
1 yr return
4.9%
3 Yr Avg Return
0.3%
5 Yr Avg Return
2.4%
Net Assets
$106 M
Holdings in Top 10
16.4%
52 WEEK LOW AND HIGH
$8.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.46%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 185.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
ASIGX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.34%
- Dividend Yield 6.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMULTISECTOR INCOME FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateJul 28, 2014
-
Shares Outstanding704950
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Gahagan
Fund Description
The fund invests in both investment-grade and high-yield, non-money market debt securities. These securities may include corporate bonds and notes, government securities, collateralized loan obligations, collateralized mortgage obligations, and securities backed by mortgages or other assets. Investment grade securities are those that have been rated in one of the top four credit quality categories by an independent rating agency or determined by the advisor to be of comparable credit quality. High-yield securities, which are also known as “junk bonds”, are those that have been rated by an independent rating agency below the highest four categories or determined by the advisor to be of similar quality.
The debt securities in which the fund invests may be payable in U.S. or foreign currencies, including emerging markets debt securities.
The fund may also invest in certain equity securities such as preferred stock, convertible securities or equity equivalents provided that such investments are consistent with the fund’s investment objectives. Convertible securities in which the fund may invest include contingent convertible securities (sometimes referred to as CoCos or Additional Tier 1 Instruments).
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.
In addition to the securities listed above, the fund may also invest in bank loans.
The fund may also utilize derivative instruments provided that such investments are in keeping with the fund’s investment objectives. Such derivative instruments may include options, futures contracts, options on futures contracts, and swaps (such as credit default swaps either on a single issuer or a securities index).The fund may use foreign currency exchange contracts to shift investment exposure from one currency into another for hedging purposes or to enhance returns.
The weighted average maturity of the fund’s portfolio must be 3½ years or longer. Within this maturity limit, the portfolio managers may shorten the portfolio’s maturity during periods of rising interest rates in order to reduce the effect of bond price declines on the fund’s value.
The portfolio managers select securities using an approach that integrates macroeconomic inputs, technical analysis of the relative value among various sectors, and fundamental research on individual securities.The macroeconomic framework provides interest rate and duration guidelines for the fund by analyzing economic activity, inflation, and monetary policy. Portfolio managers select individual securities using in-depth fundamental analysis designed to provide a detailed understanding of the credit worthiness of a security and its related market. As the market environment and investment opportunities change, portfolio managers buy and sell securities to meet the fund’s evolving sector allocations and credit quality standards.
The portfolio managers may engage in hedging of portfolio positions, which usually involves entering into a derivative transaction that has the opposite characteristic of the position being hedged. The net effect of these two positions is intended to reduce or eliminate the exposure created by the first position.
ASIGX - Performance
Return Ranking - Trailing
| Period | ASIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -12.8% | 18.9% | 69.35% |
| 1 Yr | 4.9% | -13.9% | 19.8% | 68.73% |
| 3 Yr | 0.3%* | -17.4% | 13.4% | 70.63% |
| 5 Yr | 2.4%* | -15.3% | 13.3% | 44.46% |
| 10 Yr | N/A* | -7.1% | 6.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ASIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.6% | -12.0% | 8.9% | 68.32% |
| 2022 | -13.5% | -31.8% | 18.4% | 55.15% |
| 2021 | -3.0% | -16.2% | 25.7% | 73.93% |
| 2020 | 5.1% | -31.1% | 18.7% | 15.69% |
| 2019 | 6.4% | -6.1% | 15.3% | 27.17% |
Total Return Ranking - Trailing
| Period | ASIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -12.8% | 18.9% | 69.35% |
| 1 Yr | 4.9% | -13.9% | 19.8% | 68.73% |
| 3 Yr | 0.3%* | -17.4% | 13.4% | 70.63% |
| 5 Yr | 2.4%* | -15.3% | 13.3% | 44.46% |
| 10 Yr | N/A* | -7.1% | 6.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ASIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.7% | -6.9% | 22.2% | 53.32% |
| 2022 | -9.9% | -31.8% | 21.1% | 57.84% |
| 2021 | 2.9% | -13.5% | 49.9% | 34.59% |
| 2020 | 9.4% | -28.6% | 24.1% | 11.23% |
| 2019 | 10.0% | -4.8% | 19.1% | 36.22% |
NAV & Total Return History
ASIGX - Holdings
Concentration Analysis
| ASIGX | Category Low | Category High | ASIGX % Rank | |
|---|---|---|---|---|
| Net Assets | 106 M | 2.63 M | 143 B | 84.24% |
| Number of Holdings | 383 | 4 | 9638 | 56.32% |
| Net Assets in Top 10 | 17.8 M | -204 M | 89.4 B | 89.55% |
| Weighting of Top 10 | 16.36% | 5.8% | 265.8% | 76.42% |
Top 10 Holdings
- United States Treasury Note/Bond 3.63 08/31/2029 4.61%
- Fixed Income Clearing Corp 4.84 10/01/2024 2.56%
- Fannie Mae Pool 3.50 1.42%
- Freddie Mac Pool 3.50 1.30%
- Fannie Mae Pool 3.50 1.24%
- State Street Navigator Securities Lending Government Money Market Portfolio 1.15%
- Freddie Mac Pool 5.50 1.09%
- G2SF 2.5 10/24 MBS 30yr 1.04%
- Freddie Mac Pool 3.50 1.02%
- Freddie Mac Pool 6.50 0.95%
Asset Allocation
| Weighting | Return Low | Return High | ASIGX % Rank | |
|---|---|---|---|---|
| Bonds | 87.58% | 0.00% | 199.60% | 54.13% |
| Preferred Stocks | 9.82% | 0.00% | 21.58% | 0.94% |
| Other | 3.90% | -75.22% | 147.15% | 45.09% |
| Convertible Bonds | 2.41% | 0.00% | 33.50% | 36.22% |
| Cash | 1.16% | -94.66% | 99.97% | 76.29% |
| Stocks | 0.00% | -6.18% | 99.68% | 86.90% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ASIGX % Rank | |
|---|---|---|---|---|
| Corporate | 39.60% | 0.00% | 96.66% | 44.61% |
| Government | 23.35% | 0.00% | 99.43% | 23.99% |
| Securitized | 21.47% | 0.00% | 99.65% | 40.26% |
| Cash & Equivalents | 1.16% | 0.00% | 94.89% | 70.89% |
| Derivative | 0.28% | -75.22% | 147.15% | 22.85% |
| Municipal | 0.00% | 0.00% | 54.26% | 70.69% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ASIGX % Rank | |
|---|---|---|---|---|
| US | 87.45% | 0.00% | 199.60% | 37.44% |
| Non US | 0.13% | 0.00% | 76.68% | 67.39% |
ASIGX - Expenses
Operational Fees
| ASIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.46% | 0.03% | 34.13% | 96.73% |
| Management Fee | 0.45% | 0.00% | 2.29% | 16.10% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
| ASIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
| ASIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| ASIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 185.00% | 0.00% | 632.00% | 87.17% |
ASIGX - Distributions
Dividend Yield Analysis
| ASIGX | Category Low | Category High | ASIGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.10% | 0.00% | 23.30% | 37.09% |
Dividend Distribution Analysis
| ASIGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| ASIGX | Category Low | Category High | ASIGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.34% | -1.55% | 11.51% | 35.66% |
Capital Gain Distribution Analysis
| ASIGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.045 | OrdinaryDividend |
| Oct 31, 2024 | $0.044 | OrdinaryDividend |
| Sep 30, 2024 | $0.041 | OrdinaryDividend |
| Aug 30, 2024 | $0.048 | OrdinaryDividend |
| Jul 31, 2024 | $0.045 | OrdinaryDividend |
| Apr 30, 2024 | $0.043 | OrdinaryDividend |
| Mar 28, 2024 | $0.041 | OrdinaryDividend |
| Feb 29, 2024 | $0.042 | OrdinaryDividend |
| Jan 31, 2024 | $0.039 | OrdinaryDividend |
| Dec 29, 2023 | $0.043 | OrdinaryDividend |
| Nov 30, 2023 | $0.041 | OrdinaryDividend |
| Oct 31, 2023 | $0.040 | OrdinaryDividend |
| Sep 29, 2023 | $0.041 | OrdinaryDividend |
| Aug 31, 2023 | $0.041 | OrdinaryDividend |
| Jul 31, 2023 | $0.036 | OrdinaryDividend |
| Jun 30, 2023 | $0.040 | OrdinaryDividend |
| May 31, 2023 | $0.040 | OrdinaryDividend |
| Apr 28, 2023 | $0.036 | OrdinaryDividend |
| Mar 31, 2023 | $0.042 | OrdinaryDividend |
| Feb 28, 2023 | $0.035 | OrdinaryDividend |
| Jan 31, 2023 | $0.033 | OrdinaryDividend |
| Dec 30, 2022 | $0.048 | OrdinaryDividend |
| Nov 30, 2022 | $0.034 | OrdinaryDividend |
| Oct 31, 2022 | $0.031 | OrdinaryDividend |
| Sep 30, 2022 | $0.031 | OrdinaryDividend |
| Aug 31, 2022 | $0.027 | OrdinaryDividend |
| Jul 29, 2022 | $0.027 | OrdinaryDividend |
| Jun 30, 2022 | $0.026 | OrdinaryDividend |
| May 31, 2022 | $0.024 | OrdinaryDividend |
| Apr 29, 2022 | $0.021 | OrdinaryDividend |
| Mar 31, 2022 | $0.020 | OrdinaryDividend |
| Feb 28, 2022 | $0.026 | OrdinaryDividend |
| Jan 31, 2022 | $0.028 | OrdinaryDividend |
| Dec 31, 2021 | $0.032 | OrdinaryDividend |
| Dec 07, 2021 | $0.175 | CapitalGainShortTerm |
| Dec 07, 2021 | $0.040 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.030 | OrdinaryDividend |
| Oct 31, 2021 | $0.030 | OrdinaryDividend |
| Sep 30, 2021 | $0.032 | OrdinaryDividend |
| Aug 31, 2021 | $0.031 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.032 | OrdinaryDividend |
| May 28, 2021 | $0.028 | OrdinaryDividend |
| Apr 30, 2021 | $0.032 | OrdinaryDividend |
| Mar 31, 2021 | $0.031 | OrdinaryDividend |
| Feb 26, 2021 | $0.030 | OrdinaryDividend |
| Jan 29, 2021 | $0.026 | OrdinaryDividend |
| Dec 31, 2020 | $0.032 | OrdinaryDividend |
| Dec 08, 2020 | $0.058 | CapitalGainShortTerm |
| Dec 08, 2020 | $0.025 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.030 | OrdinaryDividend |
| Oct 30, 2020 | $0.029 | OrdinaryDividend |
| Sep 30, 2020 | $0.029 | OrdinaryDividend |
| Aug 31, 2020 | $0.027 | OrdinaryDividend |
| Jul 31, 2020 | $0.027 | OrdinaryDividend |
| Jun 30, 2020 | $0.025 | OrdinaryDividend |
| May 29, 2020 | $0.022 | OrdinaryDividend |
| Apr 30, 2020 | $0.024 | OrdinaryDividend |
| Mar 31, 2020 | $0.021 | OrdinaryDividend |
| Feb 28, 2020 | $0.021 | OrdinaryDividend |
| Jan 31, 2020 | $0.015 | OrdinaryDividend |
| Dec 31, 2019 | $0.022 | OrdinaryDividend |
| Nov 29, 2019 | $0.021 | OrdinaryDividend |
| Oct 31, 2019 | $0.025 | OrdinaryDividend |
| Sep 30, 2019 | $0.024 | OrdinaryDividend |
| Aug 30, 2019 | $0.025 | OrdinaryDividend |
| Jul 31, 2019 | $0.024 | OrdinaryDividend |
ASIGX - Fund Manager Analysis
Managers
Robert Gahagan
Start Date
Tenure
Tenure Rank
Jul 28, 2014
7.85
7.9%
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.
Jeffrey Houston
Start Date
Tenure
Tenure Rank
Jul 28, 2014
7.85
7.9%
Houston is a Vice President and Senior Portfolio Manager with American Century Investments, his employer since November 1990. Before joining the company, he was an assistant vice president and analyst with Ambac Indemnity, a municipal financial guaranty firm in New York. He has been in the finance industry since 1986. Houston holds the Chartered Financial Analyst designation. He is a member of the Kansas City Society of Financial Analysts and the Association of Investment Management and Research.
Charles Tan
Start Date
Tenure
Tenure Rank
May 25, 2019
3.02
3.0%
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.
Jason Greenblath
Start Date
Tenure
Tenure Rank
Jun 28, 2019
2.93
2.9%
Mr. Greenblath, Vice President and Senior Portfolio Manager, has served on teams managing fixed-income investments since joining American Century Investment Management, Inc. in 2019. Prior to joining American Century, Mr. Greenblath worked at Aberdeen Standard Investments as head of U.S. investment grade credit from 2018 to 2019, head of U.S. investment grade credit research from 2014 to 2018 and as a portfolio manager from 2012 to 2018. He has a bachelor’s degree in finance from Pennsylvania State University
Peter Van Gelderen
Start Date
Tenure
Tenure Rank
Aug 01, 2021
0.83
0.8%
Mr. Van Gelderen joined Guggenheim in 2014, as Managing Director focusing on structured products and asset backed securities. Prior to joining Guggenheim, he worked as a senior portfolio manager for structured products at ADH Investment Management and Stark Investments from 2007 to 2013 in San Francisco and Milwaukee. Prior to Stark, Mr. Van Gelderen worked in whole loan transaction management at Countrywide Securities Corporation and began his career as a corporate attorney at Thelen, Reid & Priest. Mr. Van Gelderen received his J.D. from Georgetown University Law Center and B.A. in English from Duke University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.71 | 3.19 |
