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Fight inflation with less interest rate risk. Short Duration Inflation Protection Bond is actively managed to help investors combat the corrosive effects of domestic inflation and mitigate interest rate risk through a broadly diversified portfolio of short-term inflation-indexed bonds and other fixed income securities.
Pursues total return using a strategy that seeks to protect against U.S. inflation.
At least 80% of the fund's assets are invested in inflation-linked bonds, which are designed to help investors keep pace with rising consumer prices—the U.S. Treasury adjusts TIPS' principal periodically to reflect reported changes in the Consumer Price Index (CPI).
We manage the fund's duration to help reduce volatility associated with rising interest rates. Using duration as a guide, Short Duration Inflation Protection Bond shareholders are exposed to about half of the interest-rate risk compared to its inflation-protected bond category peers.
The investment team of sector specialists has the capability to take opportunistic positions in higher yielding bonds, such as corporate and mortgage-backed bonds, for greater return potential. At the same time, they manage the fund aiming to protect total returns from inflation risk.
Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. In certain interest rate environments, such as when real interest rates are rising faster than nominal interest rates, inflation-protected securities with similar durations may experience greater losses than other fixed income securities. Interest payments on inflation-protected debt securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable. 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.
Real return, primarily through investment-grade, short-term inflation-indexed bonds.
Designed to fight the effects of domestic inflation and reduce interest rate risk by investing primarily in short-term inflation-indexed bonds. Employs comprehensive risk management seeking to maximize real return per level of risk.
Investment Blend: Reflects the blend of securities owned by a fund. For example, the percentage of foreign or domestic stocks held by an equity fund or the percentage of corporate and government securities owned by a bond fund. The U.S./Foreign Convertibles grouping includes Convertible Bonds, Equity Linked Securities and Convertible Preferred securities.
Maturity: Describes the portfolio of the fund in terms of the different maturities of the securities it holds.
Weighted average life to maturity (WALM) is a measure of the sensitivity of a fixed income portfolio to interest rate changes. WALM is the average time in years to receive the principal repayments. Accordingly, WALM reflects how a portfolio would react to deteriorating credit or tightening liquidity conditions.
Senior Vice President, Senior Portfolio Manager
Vice President, Senior Portfolio Manager
Vice President, Portfolio Manager
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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 quarter end. For additional share class information, consult the prospectus.
Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk.
In certain interest rate environments, such as when real interest rates are rising faster than nominal interest rates, inflation-protected securities with similar durations may experience greater losses than other fixed income securities. Interest payments on inflation-protected debt securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable.
Net expense ratio is the total annual operating expense ratio for the fund, net of any fee waivers or expense reimbursements. Gross expense ratio is the total annual operating expense ratio for the fund, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus. This is the actual ratio that investors paid during the fund's most recent fiscal year.
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.
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