American Century Diversified Bond had a better 2020 than many peers, with its 2019 process reforms helping to put its 2018 performance woes behind it. How the strategy distinguishes itself with more restrictive guardrails in place remains to be seen. It earns a Morningstar Analyst Rating of Neutral for most of its share classes and Negative for its two costliest ones.
Will CDBCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of CDBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.