American Century Multisector Income Fund R5 Class is an actively managed mutual fund focused on generating a high level of current income with secondary emphasis on total return. The portfolio allocates across multiple fixed-income sectors, including investment-grade and high-yield corporate bonds, U.S. government securities, mortgage- and asset-backed instruments, and select structured credit such as collateralized loan obligations and collateralized mortgage obligations, with flexibility to hold preferreds and convertibles when consistent with its mandate. The strategy employs dynamic sector rotation and active duration management—typically maintaining a moderate, shorter-than-aggregate duration profile—to help navigate shifting interest-rate and credit conditions. Positioned in the Multisector Bond category, it seeks diversified exposure beyond traditional core benchmarks, using futures and other instruments to adjust interest-rate sensitivity and risk. The fund distributes income monthly and targets efficient implementation through disciplined risk controls and broad security selection across hundreds of holdings. Within the fixed-income market, it serves as a versatile income-oriented allocation that blends credit, securitized, and government exposures to pursue resilient, risk-adjusted income across cycles.
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