American Century Diversified Bond is backed by a trio of seasoned managers, but its broader supporting cohort has experienced significant turnover since 2019, especially in 2021, when several departing analysts were replaced with new hires. Relative performance improved in both 2020 and 2021 thanks in part to Charles Tan’s 2019 tweaks to the execution of the existing investment process. It earns a Morningstar Analyst Rating of Neutral for most of its share classes and Negative for its two costliest ones.
American Century Diversified Bond C CDBCX
NAV / 1-Day Return
9.75
/
0.64
%
Total Assets
5.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.590%
Expense Ratio
1.590%
Fee Level
Above Average
Longest Manager Tenure
20.58
years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
2,500
Status
Open
TTM Yield
0.74%
Effective Duration
6.59
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CDBCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CDBCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CDBCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CDBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Rebuilding efforts are showing some positive signs.
