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15 important things you should know about American Century Investments APOIX mutual fund

Updated: September 27, 2020
43
Bull Case
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • High expense ratio

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

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

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

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

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

The Fund seeks total return by using a strategy that seeks to protect against U.S. inflation. The Fund invests at least 80% of its assets in inflation-linked debt securities.

2. What are APOIX top holdings?

APOIX has 0 stock holdings and 113 bond holdings.

The top 6 holdings represent 43.30% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Notes 0.25% N/A 22.93%
United States Treasury Notes 0.5% N/A 4.90%
United States Treasury Notes 0.12% N/A 4.84%
United States Treasury Notes 0.38% N/A 4.01%
United States Treasury Notes 0.62% N/A 3.38%
Bp9u31zz0 Cds Usd R V 00mevent 2i65brsp6 Ice Ccp N/A 3.24%

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

APOIX has generated the following returns:

  • 1-month return is 0.29%;
  • 3-month return is 2.13%;
  • 1-year return is 4.25%;
  • 3-year return is 2.71%;
  • 5-year return is 2.27%;
  • 10-year return is 1.84%;
  • 15-year return is 3.00%.

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

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

APOIX up and down years

5. What is APOIX dividend yield?

APOIX yield is 1.69%.

6. What is APOIX minimum initial investment amount?

APOIX minimum initial investment amount is $3.00K.

7. What is APOIX expense ratio?

APOIX expense ratio is 0.57%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

APOIX expenses

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

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

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

  • 1-year ax cost ratio is 0.79%;
  • 3-year ax cost ratio is 0.72%.
APOIX tax costs

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

  • 3-year beta is 0.39;
  • 5-year beta is 0.37;
  • 10-year beta is 0.48.
APOIX Beta

11. What is APOIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.24;
  • 5-year Sharpe ratio is 0.27;
  • 10-year Sharpe ratio is 0.47.
APOIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 43. Our quantitative analysis shows 3 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 43.

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

The following are APOIX strengths from our perspective:

  • <strong>APOIX 10-year return</strong> is 1.84%, which is in line with the 10-year return of the benchmark index (Bloomberg Barclays U.S. Treasury TIPS 1-5Y TR USD), 1.91%.
  • <strong>APOIX 15-year return</strong> is 3%, which is higher than the 15-year return of the benchmark index (Bloomberg Barclays U.S. Treasury TIPS 1-5Y TR USD), 2.82%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are APOIX weaknesses from our perspective:

  • <strong>APOIX net assets</strong> are $633.80 million. This fund is not a popular choice with retail investors.
  • <strong>APOIX 3-year return</strong> is 2.71%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays U.S. Treasury TIPS 1-5Y TR USD), 3.15%.
  • <strong>APOIX 5-year return</strong> is 2.27%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays U.S. Treasury TIPS 1-5Y TR USD), 2.57%.
  • <strong>APOIX expense ratio</strong> is 0.57%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the APOIX review, we covered APOIX 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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