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Morningstar

American Century Global Bond R5 AGBNX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
8.78  /  0.57 %
Total Assets
1.9 Bil
Adj. Expense Ratio
0.610%
Expense Ratio
0.610%
Fee Level
Average
Longest Manager Tenure
10.68 years
Category
Global Bond-USD Hedged
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
3.13%
Effective Duration
6.31 years

Morningstar’s Fund Analysis AGBNX

Will AGBNX 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 AGBNX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AGBNX 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 AGBNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Improved stability but still lackluster.

Senior Analyst

Summary

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The firm completed its liftout of Aberdeen’s core plus team in 2021, which began in 2018 with the hiring of Aberdeen’s fixed-income CIO Charles Tan. A total of six portfolio managers and analysts left to join the firm, so 2022 is the first full year this team has worked together. Lynn Chen, a specialist in rates and currencies, joined long-time American Century comanagers John Lovito, Bob Gahagan, and Simon Chester as a named manager on this fund. However, the liftout has resulted in a steady pace of both manager and analyst turnover in recent years, which Tan and Lovito have viewed as an opportunity to increase the team’s size and the quality, adding nine new analysts and a new head of securitized bonds.

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