U.S. Core Plus Fixed Income

Summary

STRATEGY FACTS

As of 12/31/2018 tooltip

When Listed:

Mutual funds and CIT only available in the United States.

SICAVs only available in certain non-U.S. countries. Please check country availability.

Available Vehicles Separate Account
Mutual Fund
Investment Universe U.S. Intermediate Duration Fixed Income
Benchmark Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date 01/01/2002
Total Assets $2.15 B

TARGET

Tracking Error 2.00% - 3.00%
Excess Return 1.00% - 1.50%

INVESTMENT TEAM

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Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.

Documents & Resources

 

The U.S. Core Plus Fixed Income strategy is built on a foundation of actively managed positions in government, corporate, and mortgage securities. It seeks to maximize total return and income by investing a portion of the portfolio in high-yield, emerging market, and non-dollar issues.

  • Significant areas of the bond market are inherently inefficient and mean reverting, which creates investment opportunities that can be exploited
  • Consistently strong risk-adjusted results can be achieved through a diversity of active positions in duration, yield curve, sector allocation and security selection encompassed within a risk-management framework

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR*
U.S. Core Plus Fixed Income (gross) 0.40% -0.55% -0.55% 2.98% 3.26% 4.62%
U.S. Core Plus Fixed Income (net) 0.36% -0.68% -0.68% 2.81% 3.01% 4.04%
Standard Deviation --- --- 2.35% 2.69% 2.64% 2.82%
Sharpe Ratio --- --- -1.03 0.74 1.01 1.51
Bloomberg Barclays US Aggregate Bond Index 1.64% 0.01% 0.01% 2.06% 2.52% 3.48%
Excess Return -1.24% -0.56% -0.56% 0.92% 0.74% 1.15%
Tracking Error --- --- 1.36% 1.00% 0.90% 1.04%
Information Ratio --- --- -0.41 0.92 0.82 1.11

*Annualized

Sources: Bloomberg Index Services Ltd, FactSet

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

For a presentation that complies with the GIPS® standards, click here .

For purposes of compliance with the Global Investment Performance Standards ("GIPS®"), the Firm is defined as American Century Investment Management, Inc. ("ACIM"). ACIM claims compliance with GIPS®. The U.S. Core Fixed Income composite includes portfolios that typically invest in a diversified portfolio of primarily investment grade debt securities, with a portfolio weighted-average maturity of 3½ years or longer. Index futures (and currency forwards and futures, where applicable or appropriate) are occasionally used to equitize cash and manage portfolio risk. Other derivative instruments may be used, as allowed, as part of the investment strategy. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.