APTIX — VP Inflation Protection Fund

APTIX Fund Overview

APTIX — VP Inflation Protection Fund is a US mutual fund managed by American Century Variable Portfolios II INC, categorised as Long Treasury / Sovereign 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 Variable Portfolios II INC
• Category: Long Treasury / Sovereign Bond
• Assets under management: $556.31M
• 1-year return: 0.1%
• Ticker: APTIX
• SEC CIK: 0001124155
• SEC series ID: S000006680
• Share class ID: C000018205

APTIX Investment Objective and Strategy

VP Inflation Protection Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Variable Portfolios II INC.

Investment objective

VP Inflation Protection pursues long-term total return using a strategy that seeks to protect against U.S. inflation.

Principal investment strategy

The fund invests substantially all of its assets in investment-grade debt securities. An investment-grade security is one that has been rated by an independent rating agency in its top four credit quality categories or, if unrated, determined by the advisor to be of comparable credit quality. To help protect against U.S. inflation, under normal conditions the fund will invest over 50% of its assets in inflation-indexed debt securities. These securities include inflation-indexed U.S. Treasury securities, inflation-indexed securities issued by U.S. government agencies and instrumentalities other than the U.S. Treasury, and inflation-indexed securities issued by other entities such as corporations and foreign governments. Inflation-indexed securities are designed to protect the future purchasing power of the money invested in them.

The fund also may invest in debt securities that are not inflation-indexed such as corporate bonds and notes, bank loans, commercial paper, and mortgage- or asset-backed securities. The fund also may invest in derivative instruments, provided that such investments are in keeping with the funds investment objective. For example, the fund may use swap agreements to manage or reduce the risk of the effects of inflation with respect to the funds position in non-inflation-indexed securities. The fund also may enter into foreign currency exchange transactions for hedging purposes or to enhance returns. The fund may also invest in collateralized debt obligations, including collateralized loan obligations, and similarly structured investments. The portfolio managers are not limited to a specific weighted average maturity range.

However, the portfolio managers monitor the funds weighted average maturity and seek to adjust it as appropriate, taking into account market conditions, the current inflation rate and other relevant factors. Securities issued by the U.S. Treasury and certain U.S. government agencies, such as the Government National Mortgage Association (Ginnie Mae), are supported by the full faith and credit of the U.S. government. Securities issued by other U.S. government agencies, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, these agencies are authorized to borrow from the U.S. Treasury to meet their obligations.

Inflation-indexed securities issued by non-U.S. government entities are backed only by the credit of the issuer.

APTIX Holdings

Top 10 holdings of VP Inflation Protection Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all APTIX holdings

APTIX Portfolio Allocation

Asset-class allocation of VP Inflation Protection Fund by percentage of net assets, from the latest SEC N-PORT filing.

APTIX Performance

Total returns for APTIX (as of 2026-10-01), from SEC filings.

APTIX Risk Information

Risk metrics for APTIX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.4%

APTIX Costs and Fees

APTIX costs about $52 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.52%
• Gross expense ratio: 0.52%
• Portfolio turnover: 86%
• Brokerage commissions: 0.28 bps of average net assets (SEC N-CEN)

APTIX Cashflows

Over the 12 months to 2024-03, VP Inflation Protection Fund had net outflows of $56.20M, from monthly SEC N-PORT filings.

APTIX Debt Constituents

Largest debt holdings of VP Inflation Protection Fund by percentage of net assets, from the latest SEC N-PORT filing.

APTIX Prospectus and SEC Filings

Official VP Inflation Protection Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-04-14
• Prospectus (485BPOS) — filed 2022-04-14
• Prospectus (485BPOS) — filed 2021-04-13
• Portfolio holdings (N-PORT) — filed 2024-05-29
• Portfolio holdings (N-PORT) — filed 2024-02-28
• Portfolio holdings (N-PORT) — filed 2023-11-22
• Annual census (N-CEN) — filed 2024-03-08
• Annual census (N-CEN) — filed 2023-03-08

Related Funds

Other Long Treasury / Sovereign Bond funds tracked on ABC INVEST:

• iShares 7-10 Year Treasury Bond ETF (IEF)
• iShares 20+ Year Treasury Bond ETF (TLT)
• U.S. Government Securities Fund (AMUSX)
• Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX)
• Vanguard Long-Term Treasury Index Fund (VLGSX)

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.