American Century Investments announced the debut of its Multi-Asset Income Fund Dec. 1. The new fund is designed for investors seeking sustainable monthly income from a diversified portfolio consisting of a mix of domestic and foreign fixed income and equity investments. While the fund is not required to allocate its assets in any fixed proportion, over the long term, its equity allocations are expected to range from approximately 20% to 60% of the fund’s assets, with the fixed income portion ranging from approximately 40% to 80%, according to a news release.
The fund’s portfolio seeks income as its primary objective, but long-term capital appreciation is a secondary objective. The portfolio management team factors in total return and risk in an attempt to enhance the potential for sustainable income.
The new Multi-Asset Income Fund is offered in multiple share classes: Investor (AMJVX), Institutional (AMJIX), A (AMJAX), C (AMJCX), R (AMJWX) and R6 (AMJRX). Available to individual investors and through financial intermediaries, Multi-Asset Income is expected to be categorized as a “Conservative Allocation” fund by Morningstar.
For more on American Century's value-adds for advisors, visit their NAPA Partner Corner page.
