YTD Total Return As of 01/28/2026 | 0.35% |
Nav As of 01/28/2026 | $8.57 |
Nav Change ($0.00) | 0.00% |
Core, total return-focused, dollar-hedged strategy that invests in the full range of developed markets fixed-income securities and currencies.
Key Facts
Investment Objective | Seeks long-term total return |
Inception Date | 01/31/2012 |
Morningstar Category | Global Bond-USD Hedged |
Benchmark | Bloomberg Global Aggregate Bond Index (USD, Hedged)A |
Total Assets | $2,346,223,700 As of 12/31/2025 |
Total Holdings | 759 As of 11/30/2025 |
Distribution Frequency | Quarterly |
Morningstar Overall Rating Based on risk-adjusted return | Out of 101 funds. Global Bond-USD Hedged category As of 12/31/2025 |
Fees
| Gross Expense Ratio | 1.35% |
Trading Information
| Ticker | AGBRX |
| CUSIP | 025082884 |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
Fixed-Income Capabilities
Learn more about our full lineup of bond funds that pursue conviction-driven outperformance.
Fees
| Gross Expense Ratio | 1.35% |
Trading Information
| Ticker | AGBRX |
| CUSIP | 025082884 |
Data reflects past performance, 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. Returns less than one year are not annualized. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
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. For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Data reflects past performance, 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. Returns less than one year are not annualized. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
30-Day SEC Subsidized Yield
3.53%
As of 12/31/2025
30-Day SEC UnSubsidized Yield
3.53%
As of 12/31/2025
YIELD TO WORST
5.66%
As of 12/31/2025
YIELD TO MATURITY
6.25%
As of 12/31/2025
30-Day SEC Yield (Subsidized/Unsubsidized): Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.
Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.
Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows.
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
FREQUENCY
Quarterly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/16/2025 | $0.1766 | $0.1766 | $8.52 |
| 09/23/2025 | $0.1002 | $0.1002 | $8.66 |
| 06/24/2025 | $0.0154 | $0.0154 | $8.65 |
| 03/25/2025 | $0.0688 | $0.0688 | $8.50 |
| Overall | Out of 101 funds. Global Bond-USD Hedged category |
| 3 Year | Out of 101 funds |
| 5 Year | Out of 96 funds |
| 10 Year | Out of 63 funds |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Risk Measures | |
|---|---|
| Alpha | -1.90 |
| Beta | 1.16 |
| R-Squared | 0.99 |
| Standard Deviation | 5.08 |
| Sharpe Ratio | -0.25 |
Relative to the Bloomberg Global Aggregate Bond Index (USD, Hedged)
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 12/31/2025
| Credit | 37% |
| Securitized | 29% |
| Non-$ Denominated Government | 13% |
| Non-$ Denominated Emerging | 7% |
| Non-$ Denominated Credit | 7% |
| Emerging Markets | 4% |
| Cash & Cash Equivalents | 2% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 12/31/2025
| EURO-BUND FUTURE Mar26 | 6.80% |
| Euro-OAT Future Mar26 | 3.94% |
| LONG GILT FUTURE Mar26 | 2.46% |
| CAN 10YR BOND FUT Mar26 | 2.14% |
| JPN 10Y BOND(OSE) Mar26 | 2.02% |
| China Government Bond 2.54 12/25/2030 | 1.77% |
| KOREA 10YR BND FU Mar26 | 1.44% |
| AUST 10Y BOND FUT Mar26 | 1.35% |
| Euro-BTP Future Mar26 | 1.33% |
| New Zealand Government Bond 4.50 05/15/2035 | 1.22% |
| % of Top Portfolio Holdings | 24.47% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital
stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period
end.
As of 12/31/2025
| U.S. Government | 13.19% |
| AAA | 13.34% |
| AA | 7.08% |
| A | 16.17% |
| BBB | 26.12% |
| BB | 18.40% |
| B | 2.26% |
| CCC | 0.05% |
| CC | 0.17% |
| Non Rated | 1.08% |
| Cash and Cash Equivalents | 2.14% |
Due to rounding, these values may exceed 100%
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 12/31/2025
| 0 - 1 Years | 6.74% |
| 1 - 3 Years | 19.34% |
| 3 - 5 Years | 14.57% |
| 5 - 10 Years | 35.08% |
| 10 - 20 Years | 9.05% |
| 20 - 30 Years | 5.71% |
| 30+ Years | 9.51% |
Due to rounding, these values may exceed 100%
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
13.58 Years Weighted Average Life to Maturity
As of 12/31/2025
As of 12/31/2025
| 0 - 2.5% | 11.72% |
| 2.5 - 3% | 5.72% |
| 3 - 3.5% | 4.59% |
| 3.5 - 4% | 5.20% |
| 4 - 4.5% | 7.31% |
| 4.5 - 5% | 11.41% |
| 5 - 5.5% | 10.37% |
| 5.5 - 6% | 15.16% |
| 6 - 6.5% | 10.54% |
| 6.5 - 7% | 6.15% |
| 7 - 7.5% | 3.44% |
| 7.5 - 8% | 2.98% |
| 8 - 8.5% | 1.49% |
| 8.5 - 9% | 1.66% |
| 9 - 9.5% | 1.33% |
| 9.5 - 10% | 0.59% |
| 10+% | 0.34% |
Due to rounding, these values may exceed 100%
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
4.83% Average Coupon
As of 12/31/2025
| 0 - 2 Years | 27.63% |
| 2 - 4 Years | 24.30% |
| 4 - 6 Years | 20.88% |
| 6 - 8 Years | 14.58% |
| 8 - 10 Years | 3.02% |
| 10 - 15 Years | 5.71% |
| 15+ Years | 3.89% |
Due to rounding, these values may exceed 100%
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
5.90 Years Average Effective Duration
Senior Portfolio Manager
How to Buy
Individual investors: This share class is only available for purchase through an employer sponsored retirement plan. Call 1-800-345-3533 to speak to a business retirement services representative. However, you can purchase the investor share class of this fund on the website.
View Investor Share ClassFinancial Advisors: Contact your wholesaler at 1-800-345-6488 for more information.
The advisor has agreed to waive the G Class's management fee in its entirety. The advisor expects this fee waiver to remain in effect permanently and cannot terminate it without the approval of the Board of Trustees.
Returns or yields for the fund would have been lower if a portion of the management fee had not been waived. Review the annual or semiannual report for the most current information.
The value and/or returns of a portfolio will fluctuate with market and economic conditions.
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 bonds held in the fund will decline. The opposite is true when interest rates decline.
International investing involves special risks, such as political instability and currency fluctuations.
Diversification does not assure a profit nor does it protect against loss of principal.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Investor Class Shares: Minimum initial investment is $1,000 for IRA and CESA accounts, and $2,500 for non-retirement accounts, but these minimums are waived with an initial investment of at least $500 per account and automatic investments of at least $100 per month. Non-Retirement Accounts: If your account balance falls below the minimum, or if you cancel your automatic monthly investment plan prior to reaching the minimum, American Century Investments may redeem the account and send the proceeds to you. Prior to doing so, we will notify you and give you 90 days to meet the minimum or reinstate your automatic monthly investment plan.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.
A broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian government, agency and corporate securities, and USD investment grade 144A securities.
©2026 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