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16 important things you should know about American Century Investments ACITX mutual fund

Updated: September 27, 2020
20
Bull Case
  • No sales load or distribution fees
Bear Case
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark

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

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

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

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

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

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

Fact Sheet

1. Describe American Century Government Income Trust: Inflation-Adjusted Bond Fund; Investor Class Shares (ACITX).

The Fund seeks to provide total return and inflation protection consistent with investment in inflation-indexed securities. The fund invests at least 80% of its assets in inflation-adjusted debt securities which include inflation-indexed securities issued by the U.S. Treasury.

2. What are ACITX top holdings?

ACITX has 0 stock holdings and 96 bond holdings.

The top 7 holdings represent 35.54% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Notes 0.12% N/A 6.28%
United States Treasury Bonds 2% N/A 5.51%
Bp9u31zz0 Cds Usd R V 00mevent 2i65brsp6 Ice Ccp N/A 5.29%
Bp9u31zz0 Cds Usd P F 5.00000 Markit Cdx Na Hy Ice Ccp N/A 4.99%
United States Treasury Notes 0.62% N/A 4.91%
United States Treasury Bonds 1.38% N/A 4.62%
United States Treasury Notes 0.25% N/A 3.94%

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

ACITX has generated the following returns:

  • 1-month return is 0.24%;
  • 3-month return is 3.41%;
  • 1-year return is 8.42%;
  • 3-year return is 4.73%;
  • 5-year return is 4.03%;
  • 10-year return is 2.93%;
  • 15-year return is 3.73%.

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

In the last 10 years, ACITX had 7 up years and 3 down years.

ACITX up and down years

5. What is ACITX dividend yield?

ACITX yield is 2.45%.

6. What is ACITX minimum initial investment amount?

ACITX minimum initial investment amount is $3.00K.

7. What is ACITX expense ratio?

ACITX expense ratio is 0.47%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ACITX expenses

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

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

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

  • 1-year ax cost ratio is 1.1%;
  • 3-year ax cost ratio is 0.98%.
ACITX tax costs

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

  • 3-year beta is 1.01;
  • 5-year beta is 1.00;
  • 10-year beta is 1.25.
ACITX Beta

11. What is ACITX Sharpe ratio?

  • 3-year Sharpe ratio is 0.61;
  • 5-year Sharpe ratio is 0.55;
  • 10-year Sharpe ratio is 0.52.
ACITX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 20. Our quantitative analysis shows 1 reason to buy and 4 reasons to sell it, resulting in the Finny Score of 20.

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

The following are ACITX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are ACITX weaknesses from our perspective:

  • <strong>ACITX 3-year return</strong> is 4.73%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Treasury US TIPS TR USD), 5.49%.
  • <strong>ACITX 5-year return</strong> is 4.03%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Treasury US TIPS TR USD), 4.48%.
  • <strong>ACITX 10-year return</strong> is 2.93%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US Treasury US TIPS TR USD), 3.69%.
  • <strong>ACITX 15-year return</strong> is 3.73%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US Treasury US TIPS TR USD), 4.22%.

Alternatives

15. Compare and contrast: ACITX vs PTTRX.

Both ACITX and PTTRX are mutual funds. ACITX has a lower 5-year return than PTTRX (4.03% vs 4.69%). ACITX has a lower expense ratio than PTTRX (0.47% vs 0.71%). Below is the comparison between ACITX and PTTRX.

ACITX PTTRX
Segment Taxable Fixed Income: Inflation-Protected Bond Taxable Fixed Income: Intermediate-Term Bond
Net Assets $1.01B $51.99B
Expense Ratio 0.47% 0.71%
Management Style active active
Underlying Index N/A N/A
YTD Return 8.13% 7.88%
1-Year Return 8.42% 7.94%
3-Year Return 4.73% 5.24%
5-Year Return 4.03% 4.69%
10-Year Return 2.93% 4.04%
Dividend Yield 2.45% 3.8%

PTTRX profile: The Fund seeks maximum total return, consistent with preservation of capital and prudent investment management. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of fixed income instruments. The average portfolio duration normally varies within a three-to-six year time frame.

For further information, check out ACITX vs PTTRX comparison details.

In the ACITX review, we covered ACITX 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.
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