American Century Diversified Bond Fund

The American Century Diversified Bond Fund is a mutual fund focused on providing a high level of income by investing primarily in a broad mix of high- and medium-grade, non-money market debt securities. Its portfolio typically includes U.S. government and corporate bonds, mortgage-backed, and asset-backed securities, reflecting a diversified approach to fixed income investing. The fund generally seeks to mirror the U.S. investment-grade bond market, as represented by indexes like the Bloomberg U.S. Aggregate Bond Index, which covers a range of taxable, SEC-registered, U.S. dollar-denominated fixed-rate securities. This diversified structure is designed to help mitigate the credit, price, and interest rate risks inherent in fixed income investing. The fund’s blend of government and corporate debt makes it a core holding for investors looking to balance income generation and risk across various sectors of the bond market. Its role in the financial market is to provide a foundation of stability and income within a broader investment portfolio, appealing to investors seeking steady returns with moderate risk exposure.