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

Updated: June 27, 2020
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Before we start: if you’re looking for ACSNX “stock” price, you can quickly find it out by visiting Finny and typing "ACSNX quote". If you’re looking for a quick scoop on ACSNX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ACSNX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe American Century Investment Trust: Short Duration Fund; Investor Class Shares (ACSNX).

The Fund seeks to maximize total return. As a secondary objective, the fund seeks a high level of income. The fund invests at least 65% of its assets in investment-grade, non-money market debt securities. Debt securities include fixed-income investments such as notes, bonds, commercial paper and U.S. Treasury securities.

2. What are ACSNX top holdings?

ACSNX has 0 stock holdings and 257 bond holdings.

The top 10 holdings represent 36.00% of total assets. Here are the top holdings:

Name Symbol % Assets
2 Year Treasury Note Future June 20 ZTM0 7.96%
United States Treasury Notes 0.5% N/A 6.24%
United States Treasury Notes 1.62% N/A 4.62%
United States Treasury Notes 1.5% N/A 4.59%
5 Year Treasury Note Future June 20 ZFM0 4.41%
United States Treasury Notes 1.75% N/A 2.88%
United States Treasury Notes 1.88% N/A 2.32%
U.S. Bank National Association 1.8% N/A 1.05%
AbbVie Inc. 2.3% N/A 1.04%
Deutsche Telekom International Finance B.V. 2.82% N/A 0.89%

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

ACSNX has generated the following returns:

  • 1-month return is 1.12%;
  • 3-month return is 0.22%;
  • 1-year return is 2.88%;
  • 3-year return is 2.21%;
  • 5-year return is 1.85%;
  • 10-year return is 1.70%.

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

In the last 10 years, ACSNX had 10 up years and 0 down years.

5. What is ACSNX dividend yield?

ACSNX yield is 2.59%.

6. What is ACSNX minimum initial investment amount?

ACSNX minimum initial investment amount is $3.00K.

7. What is ACSNX expense ratio?

ACSNX expense ratio is 0.59%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.98%;
  • 3-year ax cost ratio is 0.98%.

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

  • 3-year beta is 0.29;
  • 5-year beta is 0.25;
  • 10-year beta is 0.23.

11. What is ACSNX Sharpe ratio?

  • 3-year Sharpe ratio is -0.04;
  • 5-year Sharpe ratio is 0.27;
  • 10-year Sharpe ratio is 0.82.

Analysis

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

ACSNX Finny Score is 67. Our quantitative analysis shows 6 reasons to buy ACSNX and 3 reasons to sell it, resulting in the Finny Score of 67.

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

The following are ACSNX strengths from our perspective:

  • ACSNX 5-year return is 1.85%, which is in line with the 5-year return of the benchmark index (Bloomberg Barclays US Government/Credit 1-3 Yr TR USD), 2.03%.
  • ACSNX 10-year return is 1.7%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays US Government/Credit 1-3 Yr TR USD), 1.65%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.
  • ACSNX 3-year Beta is 0.29, 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.
  • ACSNX 5-year Beta is 0.25, 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.
  • ACSNX 10-year Beta is 0.23, 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 ACSNX? What are ACSNX negatives?

The following are ACSNX weaknesses from our perspective:

  • ACSNX net assets are $172.70 million. This fund is not a popular choice with retail investors.
  • ACSNX 3-year return is 2.21%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Government/Credit 1-3 Yr TR USD), 2.79%.
  • ACSNX expense ratio is 0.59%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ACSNX review, we covered ACSNX 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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