14 important things you should know about American Century Investments ABHIX mutual fund

Updated: June 27, 2020
45

Before we start: if you’re looking for ABHIX “stock” price, you can quickly find it out by visiting Finny and typing "ABHIX quote". If you’re looking for a quick scoop on ABHIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ABHIX". You’ll get all this info in one place.

Are you looking to buy or sell ABHIX? Or perhaps you’re looking for ABHIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ABHIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ABHIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ABHIX buy or sell; the pros and cons of investing in ABHIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ABHIX.

And here is the list of questions we’ll answer:

  1. Describe American Century Investment Trust: High-Yield Fund; Investor Class Shares (ABHIX).
  2. What are ABHIX holdings?
  3. What is ABHIX performance? What are ABHIX historical returns?
  4. How many up and down years did ABHIX have historically?
  5. What is ABHIX dividend yield?
  6. What is ABHIX minimum initial investment amount?
  7. What is ABHIX expense ratio?
  8. Does ABHIX have any sales loads or 12b-1 distribution expenses?
  9. What is ABHIX tax efficiency (tax-cost ratio)?
  10. What is ABHIX beta? How would you assess ABHIX risk?
  11. What is ABHIX Sharpe ratio?
  12. What is ABHIX Finny Score? ABHIX buy or sell?
  13. What are the pros of investing in ABHIX? What are ABHIX buy reasons?
  14. What are the cons of investing in ABHIX? What are ABHIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Century Investment Trust: High-Yield Fund; Investor Class Shares (ABHIX).

The Fund seeks high current income. As a secondary objective, the fund seeks capital appreciation, but only when consistent with its primary objective of maximizing current income. The portfolio managers will maintain at least 80% of the funds net assets in high-yield corporate bonds and other debt instruments.

2. What are ABHIX top holdings?

ABHIX has 0 stock holdings and 315 bond holdings.

The top 10 holdings represent 8.07% of total assets. Here are the top holdings:

Name Symbol % Assets
Altice Financing S.A. 7.5% N/A 0.99%
TransDigm, Inc. 6.25% N/A 0.84%
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% N/A 0.83%
Post Holdings Inc. 5% N/A 0.81%
Bausch Health Companies Inc 5% N/A 0.80%
MPT Operating Partnership LP / MPT Finance Corporation 4.62% N/A 0.78%
Kraft Heinz Foods Company 3.75% N/A 0.77%
M.D.C. Holdings Inc. 3.85% N/A 0.76%
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.75% N/A 0.75%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 3.5% N/A 0.74%

3. What is ABHIX performance? What are ABHIX historical returns?

ABHIX has generated the following returns:

  • 1-month return is 0.76%;
  • 3-month return is -7.39%;
  • 1-year return is -2.10%;
  • 3-year return is 1.50%;
  • 5-year return is 2.45%;
  • 10-year return is 5.06%;
  • 15-year return is 5.38%.

4. How many up and down years did ABHIX have historically?

In the last 10 years, ABHIX had 8 up years and 2 down years.

5. What is ABHIX dividend yield?

ABHIX yield is 4.63%.

6. What is ABHIX minimum initial investment amount?

ABHIX minimum initial investment amount is $3.00K.

7. What is ABHIX expense ratio?

ABHIX expense ratio is 0.79%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does ABHIX have any sales loads or 12b-1 distribution expenses?

ABHIX 12b-1 distribution fee is 0. ABHIX front-end sales load is 0. ABHIX back-end sales load is 0.

9. What is ABHIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 2.08%;
  • 3-year ax cost ratio is 2.13%.

10. What is ABHIX beta? How would you assess ABHIX risk?

  • 3-year beta is 0.21;
  • 5-year beta is 0.32;
  • 10-year beta is 0.33;
  • 15-year beta is 0.57.

11. What is ABHIX Sharpe ratio?

  • 3-year Sharpe ratio is -0.14;
  • 5-year Sharpe ratio is 0.14;
  • 10-year Sharpe ratio is 0.62.

Analysis

12. What is ABHIX Finny Score? ABHIX buy or sell?

ABHIX Finny Score is 45. Our quantitative analysis shows 5 reasons to buy ABHIX and 6 reasons to sell it, resulting in the Finny Score of 45.

13. What are the pros of investing in ABHIX? What are ABHIX buy reasons?

The following are ABHIX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.
  • ABHIX 3-year Beta is 0.21, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • ABHIX 5-year Beta is 0.32, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • ABHIX 10-year Beta is 0.33, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • ABHIX 15-year Beta is 0.57, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.

14. What are the cons of investing in ABHIX? What are ABHIX negatives?

The following are ABHIX weaknesses from our perspective:

  • ABHIX net assets are $108.00 million. This fund is not a popular choice with retail investors.
  • ABHIX 3-year return is 1.5%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 2.11%.
  • ABHIX 5-year return is 2.45%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 3.56%.
  • ABHIX 10-year return is 5.06%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 6.19%.
  • ABHIX 15-year return is 5.38%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 6.76%.
  • ABHIX expense ratio is 0.79%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ABHIX review, we covered ABHIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
Follow Us