American Century High Income Fund Q4 2025 Commentary

American Century Investments44 FollowersFollow5ShareSavePlay(5min)CommentsSummaryHigh-yield bonds posted another quarterly gain to round out a year of solid returns, aided by resilient growth, decent market fundamentals and strong corporate earnings growth.Idiosyncratic risks reemerged, triggering underperformance among the lowest-rated credits as concerns about underwriting standards following two notable early quarter bankruptcies weighed on sentiment.The wireline telecommunications sector was a key contributor, with a position in Altice France leading the way.A position in iHeartMedia, which we added earlier in 2025, aided performance after the company's earnings stabilized and it announced a partnership with Netflix.We believe Fed rate cuts, federal tax cuts, federal deregulations and artificial intelligence spending should support steady growth in 2026. Donny DBM/iStock via Getty Images Market Review High-yield bonds advanced. High-yield bonds posted another quarterly gain to round out a year of solid returns, aided by resilient growth, decent market fundamentals and strong corporate earnings growth. The technical backdrop was also favorable, as asset-classThis article was written byAmerican Century Investments44 FollowersFollowAmerican Century Investments is a leading asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve health and save lives. Note: This account is not managed or monitored by American Century Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use American Century Investments' official channels.