YTD Total Return As of 02/06/2026 | 0.59% |
Nav As of 02/06/2026 | $9.08 |
Nav Change ($0.00) | 0.00% |
| Morningstar Overall Rating | |
| As of 01/31/2026 for Short-Term Bond category Based on risk-adjusted return out of 528 funds. | |
The fund’s short duration seeks to reduce the impact of interest-rate volatility on portfolio performance, while its opportunistic, multisector approach allows the managers to respond to a fast-changing investment landscape.
Helps Manage Interest-Rate Risk
Shorter duration reduces the uncertainty that longer-duration investments, which are more subject to interest-rate fluctuations, can bring.
Enhances Opportunity for Returns and Income Over Cash Instruments
The combination of quantitative data and human knowledge and experience allows the team to select investments with strong risk-adjusted return and income potential in a risk-aware way.
Ready for Various Market Conditions
The team’s dynamic, opportunistic approach allows them to adjust nimbly.
Fixed-Income Capabilities
Learn more about our full lineup of bond funds that pursue conviction-driven outperformance.
Key Facts
Investment Objective | Seeks income. As a secondary objective, the fund seeks long-term capital appreciation |
Inception Date | 07/28/2014 |
Morningstar Category | Short-Term Bond |
Benchmark | Bloomberg U.S. 1-3 Year Government/Credit BondA |
Total Assets | $839,855,631 As of 01/31/2026 |
Total Holdings | 390 As of 12/31/2025 |
Distribution Frequency | Monthly |
Morningstar Overall Rating Based on risk-adjusted return | Out of 528 funds. Short-Term Bond category As of 01/31/2026 |
Fees
| Gross Expense Ratio | 0.52% |
Trading Information
| Ticker | ASDVX |
| CUSIP | 024932253 |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
Fees
| Gross Expense Ratio | 0.52% |
Trading Information
| Ticker | ASDVX |
| CUSIP | 024932253 |
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 01/30/2026
30-Day SEC UnSubsidized Yield
4.53%
As of 01/30/2026
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
+0.001305245
As of 02/06/2026
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 01/30/2026 | $0.035965263 | $0.035965263 | $9.07 |
| 12/31/2025 | $0.037668631 | $0.037668631 | $9.07 |
| 12/04/2025 | -- | -- | $9.06 |
| 11/28/2025 | $0.033222993 | $0.033222993 | $9.07 |
| 10/31/2025 | $0.038141791 | $0.038141791 | $9.06 |
| 09/30/2025 | $0.035099455 | $0.035099455 | $9.06 |
| 08/29/2025 | $0.038557314 | $0.038557314 | $9.06 |
| 07/31/2025 | $0.035801441 | $0.035801441 | $9.01 |
| 06/30/2025 | $0.035101652 | $0.035101652 | $9.04 |
| 05/30/2025 | $0.037186819 | $0.037186819 | $8.99 |
| 04/30/2025 | $0.036436145 | $0.036436145 | $9.01 |
| 03/31/2025 | $0.035472716 | $0.035472716 | $8.99 |
| 02/28/2025 | $0.037583781 | $0.037583781 | $9.01 |
| Overall | Out of 528 funds. Short-Term Bond category |
| 3 Year | Out of 528 funds |
| 5 Year | Out of 497 funds |
| 10 Year | Out of 380 funds |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Risk Measures | |
|---|---|
| Alpha | 1.39 |
| Beta | 0.93 |
| R-Squared | 0.80 |
| Standard Deviation | 1.86 |
| Sharpe Ratio | 0.57 |
Relative to the Bloomberg U.S. 1-3 Year Government/Credit Bond
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 12/31/2025
| Investment-Grade Corporate | 24% |
| Non-Agency CMOs | 16% |
| High-Yield Corporate | 15% |
| Non-US Investment Grade Corporate | 12% |
| US Government | 10% |
| ABS | 9% |
| Non-Agency CMBS | 4% |
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
| US 2YR NOTE (CBT) Mar26 | 14.98% |
| United States Treasury Note/Bond 4.25 03/31/2029 | 6.87% |
| United States Treasury Note/Bond 3.50 12/15/2028 | 1.72% |
| United States Treasury Note/Bond 3.50 11/15/2028 | 1.23% |
| BNP Paribas SA (pfd) | 0.71% |
| Petroleos Mexicanos 5.95 01/28/2031 | 0.70% |
| Skandinaviska Enskilda Banken AB (pfd) | 0.56% |
| Concord Music Royalties LLC 5.64 | 0.51% |
| Morgan Stanley Bank NA 5.02 01/12/2029 | 0.51% |
| Zions Bancorp NA 3.25 10/29/2029 | 0.49% |
| % of Top Portfolio Holdings | 28.28% |
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 | 10.25% |
| AAA | 13.33% |
| AA | 5.10% |
| A | 15.40% |
| BBB | 31.96% |
| BB | 16.34% |
| B | 3.49% |
| CCC | 0.31% |
| CC | 0.11% |
| Non Rated | 1.13% |
| Cash and Cash Equivalents | 2.59% |
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 | 19.43% |
| 1 - 3 Years | 33.52% |
| 3 - 5 Years | 26.08% |
| 5 - 10 Years | 11.39% |
| 10 - 20 Years | 0.68% |
| 20 - 30 Years | 0.32% |
| 30+ Years | 8.58% |
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.
10.30 Years Weighted Average Life to Maturity
As of 01/31/2026
As of 12/31/2025
| 0 - 2.5% | 5.07% |
| 2.5 - 3% | 0.89% |
| 3 - 3.5% | 4.37% |
| 3.5 - 4% | 5.92% |
| 4 - 4.5% | 17.54% |
| 4.5 - 5% | 9.54% |
| 5 - 5.5% | 8.83% |
| 5.5 - 6% | 16.25% |
| 6 - 6.5% | 13.63% |
| 6.5 - 7% | 6.84% |
| 7 - 7.5% | 3.37% |
| 7.5 - 8% | 2.55% |
| 8 - 8.5% | 1.30% |
| 8.5 - 9% | 2.14% |
| 9 - 9.5% | 1.24% |
| 9.5 - 10% | 0.37% |
| 10+% | 0.15% |
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.
5.27% Average Coupon
As of 12/31/2025
| 0 - 2 Years | 42.54% |
| 2 - 4 Years | 46.04% |
| 4 - 6 Years | 10.93% |
| 6 - 8 Years | 0.49% |
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.
2.10 Years Average Effective Duration
Additional Resources
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 management fee has been restated to reflect the decrease in the management fee schedule effective August 1, 2020. 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.
Diversification does not assure a profit nor does it protect against loss of principal.
Generally, as interest rates rise, the value of the bonds held in the fund will decline. The opposite is true when interest rates decline.
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 component of the U.S. Government/Credit Bond Index, which includes Treasury and agency securities (U.S. Government Bond Index) and publicly issued U.S. corporate and foreign debentures and secured notes (U.S. Credit Bond Index). The bonds in the index are investment-grade with a maturity between one and three years.
©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.
Sources: Bloomberg Index Services Ltd, FactSet