YTD Total Return As of 01/23/2026 | 0.14% |
Nav As of 01/23/2026 | $9.46 |
Nav Change ($0.01) | 0.11% |
Seeks current income through investments in a broad range of government bond sectors, primarily U.S. Treasuries and government agency and mortgage-backed securities.
Key Facts
Investment Objective | Seeks high current income |
Inception Date | 05/16/1980 |
Morningstar Category | Intermediate Government |
Benchmark | Bloomberg U.S. Government/MBS IndexA |
Total Assets | $484,192,270 As of 12/31/2025 |
Total Holdings | 171 As of 11/30/2025 |
Distribution Frequency | Monthly |
Morningstar Overall Rating Based on risk-adjusted return | Out of 98 funds. Intermediate Government category As of 12/31/2025 |
Fees
| Gross Expense Ratio | 0.47% |
Trading Information
| Ticker | CPTNX |
| CUSIP | 025081308 |
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 | 0.47% |
Trading Information
| Ticker | CPTNX |
| CUSIP | 025081308 |
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
--
As of 12/31/2025
30-Day SEC UnSubsidized Yield
3.80%
As of 12/31/2025
YIELD TO WORST
4.39%
As of 12/31/2025
YIELD TO MATURITY
4.39%
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
Monthly
Daily Dividend Accrual
+0.000990544
As of 01/23/2026
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/31/2025 | $0.032698936 | $0.032698936 | $9.47 |
| 12/04/2025 | -- | -- | $9.48 |
| 11/28/2025 | $0.03015877 | $0.03015877 | $9.52 |
| 10/31/2025 | $0.034117704 | $0.034117704 | $9.49 |
| 09/30/2025 | $0.031672684 | $0.031672684 | $9.45 |
| 08/29/2025 | $0.033271652 | $0.033271652 | $9.40 |
| 07/31/2025 | $0.031855905 | $0.031855905 | $9.30 |
| 06/30/2025 | $0.030687307 | $0.030687307 | $9.37 |
| 05/30/2025 | $0.033253014 | $0.033253014 | $9.26 |
| 04/30/2025 | $0.031697292 | $0.031697292 | $9.39 |
| 03/31/2025 | $0.029935824 | $0.029935824 | $9.36 |
| 02/28/2025 | $0.032242967 | $0.032242967 | $9.40 |
| 01/31/2025 | $0.033228443 | $0.033228443 | $9.22 |
| Overall | Out of 98 funds. Intermediate Government category |
| 3 Year | Out of 98 funds |
| 5 Year | Out of 94 funds |
| 10 Year | Out of 76 funds |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Risk Measures | |
|---|---|
| Alpha | -0.91 |
| Beta | 1.09 |
| R-Squared | 1.00 |
| Standard Deviation | 6.46 |
| Sharpe Ratio | -0.22 |
Relative to the Bloomberg U.S. Government/MBS Index
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 12/31/2025
| Securitized | 63% |
| Government | 29% |
| Credit | 4% |
| Agency | 3% |
| Cash & Cash Equivalents | 1% |
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
| United States Treasury Note/Bond 4.25 03/31/2029 | 7.14% |
| US ULTRA BOND CBT Mar26 | 6.46% |
| United States Treasury Note/Bond 4.25 02/28/2031 | 3.87% |
| United States Treasury Note/Bond 4.38 11/30/2030 | 2.97% |
| FNCL 5 1/26 MBS 30yr | 2.92% |
| State of California 4.60% 04/01/2038 | 2.73% |
| US 10yr Ultra Fut Mar26 | 2.66% |
| United States Treasury Note/Bond 3.50 10/31/2027 | 1.96% |
| United States Treasury Note/Bond 4.25 06/30/2029 | 1.90% |
| Ginnie Mae II Pool 4.50 | 1.59% |
| % of Top Portfolio Holdings | 34.20% |
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 | 90.56% |
| AAA | 0.32% |
| AA | 7.73% |
| Cash and Cash Equivalents | 1.39% |
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 | 2.13% |
| 1 - 3 Years | 13.02% |
| 3 - 5 Years | 28.37% |
| 5 - 10 Years | 52.94% |
| 10 - 20 Years | 2.81% |
| 30+ Years | 0.72% |
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.
5.89 Years Weighted Average Life to Maturity
As of 12/31/2025
As of 12/31/2025
| 0 - 2.5% | 6.53% |
| 2.5 - 3% | 4.96% |
| 3 - 3.5% | 7.56% |
| 3.5 - 4% | 12.42% |
| 4 - 4.5% | 30.81% |
| 4.5 - 5% | 14.55% |
| 5 - 5.5% | 10.26% |
| 5.5 - 6% | 6.74% |
| 6 - 6.5% | 4.22% |
| 6.5 - 7% | 1.96% |
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.
4.19% Average Coupon
As of 12/31/2025
| 0 - 2 Years | 13.35% |
| 2 - 4 Years | 25.91% |
| 4 - 6 Years | 37.59% |
| 6 - 8 Years | 20.45% |
| 8 - 10 Years | 1.00% |
| 10 - 15 Years | 1.70% |
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.
5.51 Years Average Effective Duration
How to Buy
Individual investors: Open a new account or use an existing account registration.
Open New Account Log In NowFinancial Advisors: Contact your wholesaler at 1-800-345-6488 for more information.
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.
Fund shares are not guaranteed by the U.S. Government.
Investments in mortgage-backed securities are subject to prepayment risks, which may result in greater share price volatility. The guarantee on U.S. government securities applies only to the underlying securities of the fund if held to maturity and not to the value of the fund's shares.
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.
Combines two components of the U.S. Aggregate Bond Index. The U.S. Government component includes U.S. Treasury and U.S. government agency securities with remaining maturities of one year or more. The Mortgage-Backed Securities component covers the mortgage-backed pass-through securities of Ginnie Mae (GNMA), Fannie Mae (FNMA) and Freddie Mac (FHLMC).
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Source: Bloomberg Index Services Ltd
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