AGBHX — Global Bond Fund, I Class
Data updated: 2026-09-29
AGBHX — Global Bond Fund, I Class. 0.75% expense ratio · no sales load · since 2017. Holdings, fees, performance and SEC filings.
AGBHX Fund Overview
AGBHX — Global Bond Fund, I Class is a US mutual fund managed by American Century International Bond Funds, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Century International Bond Funds
- Category: Long Total / Aggregate Bond
- Assets under management: $1.88B
- 1-year return: 3.7%
- Ticker: AGBHX
- SEC CIK: 0000880268
- SEC series ID: S000035738
- Share class ID: C000189710
AGBHX Investment Objective and Strategy
Global Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century International Bond Funds.
Investment objective
The fund seeks long-term total return.
Principal investment strategy
Under normal market conditions, the fund invests at least 80% of its net assets in bonds. For purposes of this fund, the advisor defines bonds as non-money market debt securities which may be payable in U.S. or foreign currencies, and which may include U.S. and foreign corporate bonds and notes, government securities, commercial paper and securities backed by mortgages or other assets. The fund generally hedges most of its foreign currency exposure to the U.S. dollar. The fund invests primarily in companies located in developed countries world-wide (including the United States), but may also invest in emerging markets. Under normal market conditions, the fund will invest at least 40% of its assets in foreign investments (unless the portfolio managers deem market conditions unfavorable, in which case the fund would invest at least 30% of its assets in foreign investments).
The fund will allocate its assets among at least three different countries (one of which may be the United States). The fund may invest up to 35% of its assets in high-yield and/or emerging markets debt securities. A high-yield security is one that has been rated below the four highest categories used by a nationally recognized statistical rating organization, or determined by the investment advisor to be of similar quality. The fund considers a security to be an emerging markets security if its issuer is located outside the following developed countries list, which is subject to change: Australia, Austria, Belgium, Bermuda, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom and the United States.
The advisor expects the funds dollar-weighted average maturity to be between two and 12 years . The fund may invest in securities issued or guaranteed by the U.S. Treasury and certain U.S. government agencies or instrumentalities such as the Government National Mortgage Association (Ginnie Mae). Ginnie Mae is supported by the full faith and credit of the U.S. government. The fund may also invest in securities issued or guaranteed by other U.S. government agencies or instrumentalities, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank (FHLB), which are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, they are authorized to borrow from the U.S.
Treasury to meet their obligations. In addition to the debt securities described above, the fund may also invest in bank loans. The fund also invests in derivative instruments. The fund may use foreign currency exchange contracts to shift its investment exposure from one currency into another, for hedging purposes or to enhance returns. The fund may invest in futures contracts, options and swap agreements to manage duration, credit exposure and country exposure. In certain foreign markets, swaps can also act as substitutes for other less liquid fixed-income instruments. The fund may also invest in collateralized debt obligations, including collateralized loan obligations, mortgage- or asset-backed securities and other similarly structured investments. The fund may engage in active and frequent trading to achieve its principal investment strategies.
This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and whether to alter geographic or currency exposure.
AGBHX Holdings
Top 10 holdings of Global Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| China Government Bond | 4.39% |
| United Kingdom Gilt | 3.13% |
| Portsea Funding LLC | 2.62% |
| Fastnet Funding Co LLC | 2.28% |
| Japan Government Twenty Year Bond | 1.52% |
| Japan Government Thirty Year Bond | 1.27% |
| U.s. Treasury | 1.10% |
| China Government Bond Bonds 09/54 2.19 | 0.93% |
| Spain Government Bond | 0.89% |
| Fannie Mae Pool | 0.82% |
AGBHX Portfolio Allocation
Asset-class allocation of Global Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 50.4% |
| Securitized | 33.2% |
| Equity | 11.1% |
| Cash & Equivalents | 4.9% |
| Loans | 1.2% |
AGBHX Performance
Total returns for AGBHX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.39% |
| 1 year | 3.66% |
| 3 years (annualised) | 3.50% |
| 5 years (annualised) | 0.10% |
AGBHX Risk Information
Risk metrics for AGBHX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.01%
AGBHX Costs and Fees
AGBHX costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.75%
- Portfolio turnover: 145%
- Brokerage commissions: 0.75 bps of average net assets (SEC N-CEN)
AGBHX Cashflows
Over the 12 months to 2026-04, Global Bond Fund had net outflows of $1.02B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$13.59M |
| 2026-03 | −$291.26M |
| 2026-02 | −$149.98M |
| 2026-01 | −$23.27M |
| 2025-12 | −$209.17M |
| 2025-11 | −$22.97M |
AGBHX Debt Constituents
Largest debt holdings of Global Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| China Government Bond | 4.39% |
| United Kingdom Gilt | 3.13% |
| Japan Government Twenty Year Bond | 1.52% |
| Japan Government Thirty Year Bond | 1.27% |
| U.s. Treasury | 1.10% |
| China Government Bond Bonds 09/54 2.19 | 0.93% |
| Spain Government Bond | 0.89% |
| Queensland Treasury Corp | 0.66% |
| Indonesia Treasury Bond | 0.51% |
| Italy Buoni Poliennali Del Tesoro | 0.50% |
AGBHX Prospectus and SEC Filings
Official Global Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-08
Related Funds
Other Long Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.