G MacEwen - High Yield Fund Manager
| ACYIX Fund | USD 4.93 0.02 0.40% |
Mr. MacEwen, CoChief Investment Officer, has served on teams managing fixedincome investments for American Century since joining the advisor in 1991. He has a bachelors degree in economics from Boston University and an MBA in finance from the University of Delaware.
| Phone | 800-345-2021 |
High Yield Management Performance (%)
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High Yield Fund Leadership Team
Elected by the shareholders, the High Yield's board of directors comprises two types of representatives: High Yield inside directors who are chosen from within the company, and outside directors, selected externally and held independent of High. The board's role is to monitor High Yield's management team and ensure that shareholders' interests are well served. High Yield's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, High Yield's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeffrey Houston, Fund Manager | ||
| G MacEwen, Fund Manager |
High Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is High Yield a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 14.17 X | ||||
| Price To Book | 2.75 X | ||||
| Price To Sales | 0.92 X | ||||
| Total Asset | 107.57 M | ||||
| Annual Yield | 0.06 % | ||||
| Year To Date Return | 0.34 % | ||||
| One Year Return | 6.11 % | ||||
| Three Year Return | 0.12 % | ||||
| Five Year Return | 2.45 % | ||||
| Ten Year Return | 5.72 % |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards High Yield in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, High Yield's short interest history, or implied volatility extrapolated from High Yield options trading.
Pair Trading with High Yield
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if High Yield position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in High Yield will appreciate offsetting losses from the drop in the long position's value.Moving together with High Mutual Fund
| 0.62 | TWCGX | Growth Fund Investor | PairCorr |
| 0.79 | TWBIX | Balanced Fund Investor | PairCorr |
| 0.62 | TWGIX | Growth Fund I | PairCorr |
The ability to find closely correlated positions to High Yield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Yield when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back High Yield - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling High Yield Fund R5 to buy it.
The correlation of High Yield is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as High Yield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High Yield Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for High Yield can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in High Yield Fund R5. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.