YTD Total Return As of 01/27/2026 | 0.59% |
Nav As of 01/27/2026 | $8.81 |
Nav Change ($0.00) | 0.00% |
As a complement to core bond and equity investments, the fund seeks to diversify investor portfolios and boost income by investing in credits issued by businesses the team believes feature attractive characteristics.
Income and Total Return Potential
The fund takes a balanced approach, pursuing attractive yields while seeking to deliver strong total returns.
Emphasizing Resilient Businesses
Managers pursue credits from companies they believe can carry their debt loads while delivering strong cash flows that help improve their financial position.
Adapting to Changing Markets
The fund has delivered attractive returns through deep credit, macroeconomic and valuation analysis to adjust duration, ratings and sector exposures.
Fixed-Income Capabilities
Learn more about our full lineup of bond funds that pursue conviction-driven outperformance.
Key Facts
Investment Objective | Seeks current yield and capital growth |
Inception Date | 10/02/2017 |
Morningstar Category | High Yield Bond |
Benchmark | ICE BofA US High Yield Constrained Index (Unhedged)A |
Total Assets | $1,902,479,597 As of 12/31/2025 |
Total Holdings | 5 As of 11/30/2025 |
Distribution Frequency | Monthly |
Morningstar Overall Rating Based on risk-adjusted return | Out of 584 funds. High Yield Bond category As of 12/31/2025 |
Fees
| Gross Expense Ratio | 0.78% |
Trading Information
| Ticker | AHIVX |
| CUSIP | 024932170 |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
Fees
| Gross Expense Ratio | 0.78% |
Trading Information
| Ticker | AHIVX |
| CUSIP | 024932170 |
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
5.94%
As of 12/31/2025
30-Day SEC UnSubsidized Yield
5.94%
As of 12/31/2025
YIELD TO MATURITY
7.34%
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
+0.001531372
As of 01/27/2026
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/31/2025 | $0.048791073 | $0.048791073 | $8.80 |
| 12/04/2025 | -- | -- | $8.79 |
| 11/28/2025 | $0.045252697 | $0.045252697 | $8.79 |
| 10/31/2025 | $0.049285777 | $0.049285777 | $8.78 |
| 09/30/2025 | $0.046518554 | $0.046518554 | $8.82 |
| 08/29/2025 | $0.048849965 | $0.048849965 | $8.79 |
| 07/31/2025 | $0.048214909 | $0.048214909 | $8.72 |
| 06/30/2025 | $0.046054651 | $0.046054651 | $8.73 |
| 05/30/2025 | $0.049098037 | $0.049098037 | $8.61 |
| 04/30/2025 | $0.047654056 | $0.047654056 | $8.52 |
| 03/31/2025 | $0.043345907 | $0.043345907 | $8.58 |
| 02/28/2025 | $0.047347274 | $0.047347274 | $8.73 |
| 01/31/2025 | $0.049111456 | $0.049111456 | $8.72 |
| Overall | Out of 584 funds. High Yield Bond category |
| 3 Year | Out of 584 funds |
| 5 Year | Out of 548 funds |
| 10 Year | Out of 445 funds |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Risk Measures | |
|---|---|
| Alpha | -0.63 |
| Beta | 1.04 |
| R-Squared | 1.00 |
| Standard Deviation | 5.08 |
| Sharpe Ratio | 0.87 |
Relative to the ICE BofA US High Yield Constrained Index (Unhedged)
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 12/31/2025
| Bond | 97% |
| Loan | 2% |
| Cash | 1% |
| Equity | 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
| Charter | 1.54% |
| NRG Energy | 1.22% |
| Onemain Finance Corp | 1.17% |
| Bausch Health Cos Inc | 1.13% |
| Transdigm | 1.07% |
| Builders FirstSource Inc | 0.98% |
| Vistra Energy | 0.97% |
| Iron Mountain | 0.96% |
| Tenet Healthcare Corp | 0.94% |
| Sunoco | 0.90% |
| % of Top Portfolio Holdings | 10.88% |
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
| A | 0.07% |
| BBB | 1.80% |
| BB | 51.20% |
| B | 31.17% |
| CCC | 12.68% |
| CC | 0.45% |
| C | 0.08% |
| Cash | 1.30% |
| NR | 1.25% |
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 | 1.20% |
| 1 - 3 Years | 16.93% |
| 3 - 5 Years | 38.54% |
| 5 - 10 Years | 36.95% |
| 10 - 20 Years | 1.76% |
| 20 - 30 Years | 1.45% |
| 30+ Years | 1.26% |
| NA Years | 1.92% |
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.
4.85 Years Weighted Average Life to Maturity
As of 12/31/2025
As of 12/31/2025
| 0 - 2.5% | 0.03% |
| 3 - 3.5% | 0.73% |
| 3.5 - 4% | 2.09% |
| 4 - 4.5% | 6.34% |
| 4.5 - 5% | 8.34% |
| 5 - 5.5% | 8.97% |
| 5.5 - 6% | 8.51% |
| 6 - 6.5% | 11.09% |
| 6.5 - 7% | 14.43% |
| 7 - 7.5% | 8.27% |
| 7.5 - 8% | 6.44% |
| 8 - 8.5% | 5.62% |
| 8.5 - 9% | 4.18% |
| 9 - 9.5% | 3.96% |
| 9.5 - 10% | 3.63% |
| 10+% | 5.45% |
| NA% | 1.92% |
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.
6.70% Average Coupon
As of 12/31/2025
| 0 - 2 Years | 27.65% |
| 2 - 4 Years | 51.30% |
| 4 - 6 Years | 15.51% |
| 6 - 8 Years | 2.28% |
| 8 - 10 Years | 0.48% |
| 10 - 15 Years | 0.83% |
| 15+ Years | 0.05% |
| NA Years | 1.92% |
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.
2.78 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.
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.
The fund acquired the assets and assumed the historical performance of the Nomura High Yield Fund, a series of The Advisors' Inner Circle Fund III (the "Predecessor Fund") on October 2, 2017. Accordingly, the performance shown for periods prior to October 2, 2017, represents the performance of Class I shares of the Predecessor Fund. The Predecessor Fund's returns have not been adjusted to reflect the fund's expenses. If the Predecessor Fund's performance information had been adjusted to reflect the fund's expenses, the performance may have been higher or lower for a given period depending on the expenses incurred by the Predecessor Fund's for that period.
The lower rated securities in which the fund invests are subject to greater credit risk, default risk and liquidity risk.
Credit risk is the risk that an obligation won't be paid and a loss will result. Generally, a lower credit rating indicates a greater risk of non-payment. Liquidity risk is the risk that the fund will have difficulty selling its debt securities.
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.
The Bank of America US High Yield Constrained Index is a market value-weighted index of all domestic high-yield bonds and Yankee high-yield bonds (issued by a foreign entity and denominated in U.S. dollars), including deferred interest bonds and payment-in-kind securities.
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