Actively Managed, Pure Ginnie Mae Strategy. Ginnie Mae Fund is designed to provide a high level of current income and capital appreciation through an actively managed portfolio of government-backed mortgage securities and other fixed income investments.
Consistent Ginnie Mae Profile
The fund invests primarily in Ginnie Mae certificates, which are mortgage-backed securities guaranteed by the full faith and credit of the U.S. government. As a result, the fund has a history of delivering high current income through holdings offering liquidity and stability consistent with government-backed securities.*
Total Return Strategy
Ginnie Mae Fund is actively managed, seeking both income and capital appreciation. This approach is designed to generate yields that are competitive with funds that focus on income while seeking capital appreciation through active sector and security selections.
Active Risk Management
The industry veterans who manage the fund seek to generate the best return possible over a market cycle given the level of risk they take. They analyze risk on an ongoing basis and execute a comprehensive risk management strategy that seeks to lower volatility and turn risks into opportunities.
A Note About Risk
The value and/or returns of a portfolio will fluctuate with market and economic conditions. The fund’s investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline. Investments in mortgage securities are subject to prepayment risks, which may result in greater share price volatility. Fund shares are not guaranteed by the U.S. government. There is no guarantee that the investment objectives will be met. Dividends and yields represent past performance and there is no guarantee that they will continue to be paid.
Past performance is no guarantee of future results.
Daniel E. Shiffman, CFA
Vice President, Senior Portfolio Manager
Alejandro H. Aguilar, CFA
Vice President, Senior Portfolio Manager
Jesse Singh, CFA
Vice President, Portfolio Manager
Robert V. Gahagan
Senior Vice President, Senior Portfolio Manager
Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus. Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.
W2 If your account falls below the minimum balance, you will be notified and given 90 days to meet the minimum. If the deadline is not met, American Century Investments may redeem the shares in the account and send the proceeds to the address of record.
Expense ratios provided are the funds' total annual operating expense ratios, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus.
Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright 2015 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.
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