AHYLX

About AHYLX

American Century High-Yield Fund Class Y is an actively managed mutual fund focused on generating high current income from below‑investment‑grade corporate debt. The strategy concentrates at least 80% of net assets in high‑yield bonds and related debt instruments, with capital appreciation pursued only when consistent with the income objective. The fund distributes income monthly, reflecting its income‑oriented mandate, and tracks the Bloomberg U.S. High‑Yield 2% Issuer Capped Bond Index for context while employing security selection to manage credit risk and issuer concentration. Its portfolio spans a broad cross‑section of non‑investment‑grade issuers, providing exposure to cyclical and defensive sectors commonly found in speculative‑grade credit markets. The share class features a competitively low expense profile for its category, supporting cost‑efficient access to diversified high‑yield exposure. Since its 2017 inception, it has maintained a sizable lineup of holdings to balance yield opportunities with liquidity and default risk management typical of the high‑yield space. This fund serves investors seeking a core allocation to high‑yield corporate credit within a diversified fixed income portfolio, emphasizing steady income and disciplined credit research.