Strategic Income Fund

Summary

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FUND FACTS

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Expenses and Dividends

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Morningstar

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Morningstar ratings are based upon Investor class of shares, unless otherwise indicated. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics. Past performance is no guarantee of future results.
The Morningstar Investment Style Box™ reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
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Lipper Rankings

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FUND DOCUMENTS & RESOURCES

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Tactical Sector Management. Strategic Income seeks to complement an investor's core bond holdings with high current income and broad diversification.

Investment Objective

Seeks income. As a secondary objective, the fund seeks long-term capital appreciation.

Risk & Additional Details

Goal & Strategy

Current income through investments in income-producing securities.

Characteristics

Employs tactical sector management. May complement an investor's core bond holdings with current incomes and broad diversification.

Performance

  • CUMULATIVE
  • Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.

    Cumulative

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  • CALENDAR YEAR
  • Calendar Year

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  • YIELDS
  • Yields

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  • RISK/RETURNS
  • Risk/Returns

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    Composition

    • INVESTMENT BLEND
    • Investment Blend

    • TOP TEN HOLDINGS
    • Top Ten Holdings

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    • QUALITY
    • Quality

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    • MATURITY
    • Maturity

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    • COUPON
    • Coupon

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    • DURATION
    • Duration

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      Geography

        Management

        Charles Tan

        Charles Tan

        Senior Vice President and Co-Chief Investment Officer — Global Fixed Income

        Robert Gahagan

        Robert Gahagan

        Senior Vice President, Senior Portfolio Manager

        Brian Howell

        Brian Howell

        Vice President, Senior Portfolio Manager

        Jeff Houston, CFA

        Jeff Houston

        Vice President, Senior Portfolio Manager

        Jason Greenblath

        Jason Greenblath

        Vice President, Senior 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.

        The advisor will waive the portion of the fund's management fee equal to the expenses attributable to the management fees of the American Century funds in which the fund invests. The amount of this waiver fluctuates depending on the fund's daily allocation to other American Century funds. This waiver is expected to remain in effect permanently and it cannot be terminated without the approval of the Board of Trustees.

        Diversification does not assure a profit nor does it protect against loss of principal.

        Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.

        C

        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.

        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 Thomson Reuters Company, subject to the following: Copyright ©2019 Thomson 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.

        ©2019 Morningstar, Inc. All Rights Reserved. Certain information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

        Source: Bloomberg Index Services Ltd

        For detailed descriptions of indices or investing terms referenced above, refer to our glossary.