About TWARX
American Century Short-Term Government Fund R Class is an open-end mutual fund focused on capital preservation and current income through a portfolio of short-duration, high-quality fixed income securities. The fund primarily invests at least 80% of assets in U.S. government securities—such as Treasury and agency bonds—while retaining the flexibility to allocate a portion to investment‑grade corporate, mortgage‑backed, and asset‑backed securities to enhance income and diversification. Positioned in the short government category, it targets limited interest rate sensitivity by emphasizing maturities within one to three years, aligning with the Bloomberg U.S. 1–3 Year Government Bond Index as a reference benchmark. The R share class is designed for employer-sponsored retirement plans, offering monthly distributions and an expense structure specific to this plan-focused share class. With a diversified holdings roster and active management, the fund plays a role as a conservative fixed income sleeve for retirement lineups, aiming to provide liquidity, stability, and incremental yield over cash while managing credit and prepayment risks inherent in mortgage-related securities.
Fund Family American Century Investments
Category Short Government
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol TWARX
Share Class R Class
Index Bloomberg 1-3 Y Government TR
TWARX had a total return of 4.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.83%.
