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.
American Century Diversified Bond I ACBPX
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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 ACBPX 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 ACBPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ACBPX 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 ACBPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Rebuilding.
