American Century Fixed Income Funds

Pursuing Conviction-Driven Outperformance

Industry accolades and collaborative initiatives are ultimately about our clients.
Recognition and Collaborations


Clients around the world look to us to pursue consistent results with portfolios of individually researched bonds.

Whether you’re looking for income, diversification, inflation hedging or tax-managed solutions, our fixed income portfolios seek to benefit from strong markets while pursuing reduced drawdowns in declining markets.



Global Expertise, Nimble Execution

We believe our efficient, scalable size allows our team to identify and invest in attractive issues that can have a material impact on portfolio performance. 

Focused on Consistent, Repeatable Results

We pursue excess returns over full market cycles by emphasizing risk management while seeking to capitalize on high-conviction opportunities.

Rooted in Active Management

We build portfolios bond-by-bond through in-depth proprietary research, seeking to avoid risks inherent in indexed strategies. 



Current Views & Insights

Global Fixed Income Outlook

We unpack the latest developments to help investors navigate the global bond market.
Read More 

Short Duration Strategic Income

Hear from the fund’s manager for his latest views on the market and fund performance.
View Now 



Investment Strategies

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Strategy in Focus: Short Duration Strategic Income

Seeking attractive income regardless of the interest rate environment.

 

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Municipal Bonds: Building Blocks for Diversified Portfolios

Helping address challenges many investors face today.

Learn More 


Fund Lineup


Major Role     ◼

Minor Role     ◻

U.S. Grade Investment Income-Focused Solutions Diversification Downside Risk Management Inflation Hedging Tax-Free Income
Zero Coupon 2025 Fund        
Short Term Government      
Government Bond      
Ginnie Mae      
Short Duration Inflation Protection      
Inflation-Adjusted Bond      
Short Duration      
Diversified Bond      
Core Plus      
Diversified Corp Bond ETF      
U.S. Grade Investment Income-Focused Solutions Diversifi-cation Down-side Risk Manag-ement Inflation Hedging
Zero Coupon 2025 Fund      
Short Term Government    
Government Bond    
Ginnie Mae    
Short Duration Inflation Protection    
Inflation-Adjusted Bond    
Short Duration    
Diversified Bond    
Core Plus    
Diversified Corp Bond ETF    

Global/ International Income-Focused Solutions Diversification Downside Risk Management Inflation Hedging Tax-Free Income
Global Bond      
International Bond      
Global/ International Income-Focused Solutions Diversification Down-side Risk Manage-ment
Global Bond  
International Bond  

Multi-Sector Income-Focused Solutions Diversification Downside Risk Management Inflation Hedging Tax-Free Income
Short Duration Strategic Income      
Multisector Income ETF      
Strategic Income      
Multi-Sector Income-Focused Solutions Diversification
Short Duration Strategic Income
Multisector Income ETF
Strategic Income

Emerging Markets Income-Focused Solutions Diversification Downside Risk Management Inflation Hedging Tax-Free Income
Emerging Markets Debt      
Emerging Markets Bond ETF      

Emerging Markets Income-Focused Solutions Diversification
Emerging Markets Debt
Emerging Markets Bond ETF


High Yield Income-Focused Solutions Diversification Downside Risk Management Inflation Hedging Tax-Free Income
High Income        
High Yield        
High Yield Income-Focused Solutions
High Income
High Yield

Municipal Securities Income-Focused Solutions Diversification Downside Risk Management Inflation Hedging Tax-Free Income
California High Yield Municipal      
California Intermediate-Term Tax-Free      
Diversified Muni Bond ETF      
High-Yield Municipal      
Intermediate-Term Tax-Free Bond      
Municipal Securities Income-Focused Solutions Diversifi-cation Tax-Free Income
California High Yield Municipal  
California Intermediate-Term Tax-Free  
Diversified Muni Bond ETF  
High-Yield Municipal  
Intermediate-Term Tax-Free Bond  


Investment Philosophy

We believe consistently strong risk-adjusted results can be achieved through a diversity of active positions that seek to exploit inherent inefficiencies in the bond market. We rely on the power of fundamental research –augmented by quantitative methodologies – to seek consistent excess returns over a full market cycle. 

Investment Process

We pursue these opportunities by following a systematic, repeatable process that’s driven by fundamental research. This research-driven approach is complemented by proprietary quantitative models and tools designed to increase the team’s efficiency.


Outlook
Integrates analysis of economy, markets and policies to establish top-down views on global economic growth, inflation, central bank policies, and interest rates

Asset Allocation
Considers economic fundamentals and technical rich/cheap sector analysis to determine relative value
Expected return scenario calculations converted to information ratios and ranked by relative attractiveness

Security Selection
Analysts identify attractive issues through deep fundamental research based on sector-specific analytic frameworks
Portfolio managers, analysts and traders collaborate to manage sector exposures, issuer weights and security selection

Risk Management
Risk Management team independently reviews portfolio holdings’ compliance with risk budgets
Proprietary tools help test and monitor portfolio exposures, apply scenario analysis and evaluate potential trades

 



Investment Team

Co-CIOs

Co-CIOs


Global Fixed Income Investment Committee

Senior leaders set outlook for global economic growth, interest rates, yield curve, inflation and the risk environment


Sector-Aligned Teams

Rates & Currencies • Government Securities • Corporate Credit • Securitized Credit • Municipals • Emerging Markets • Cash/Cash Equivalents

Portfolio Managers

Analysts

Risk Management


48
investment professionals

22
years average industry experience

11
years average team collaboration

47%
diverse team across gender and ethnicity

$46.4
billion in assets under management

Source: American Century Investments. All data as of 12/31/2021





Contact us for more information about our fixed income capabilities

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

Diversification does not assure a profit nor does it protect against loss of principal.

The information is not intended as a personalized recommendation or fiduciary advice and should not be relied upon for, investment, accounting, legal or tax advice.

Mutual Funds: American Century Investment Services, Inc., Distributor.

Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investments Services, Inc.