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ADGGX

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1d
1w
1m

Analysis and statistics

  • Open
    25.1363$
  • Previous Close
    25.1363$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

ADGGX.US represents the American Century Diversified Growth Allocation Fund Investor Class. It is a mutual fund managed by American Century Investments that seeks to provide a diversified portfolio across various asset classes, including stocks, bonds, and alternative investments, aiming for long-term capital appreciation and income. Investors should review the fund's prospectus for detailed information on its investment strategy, risks, and expenses before making any investment decisions.

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Factors

Gold Prices: ADGGX aims to deliver 3x the daily performance of the price of gold. Therefore, rises or falls in gold prices are the primary driver of ADGGX’s value.

Market Sentiment: Investor optimism or pessimism towards gold can impact demand for ADGGX, influencing its price above or below its theoretical leverage target.

Management Fees & Expenses: The fund's expense ratio and other operational costs reduce its net asset value over time, affecting its price.

Leverage Costs: Borrowing money to achieve 3x leverage incurs costs, impacting fund returns and its overall price, especially when interest rates are high.

Rebalancing Frequency: The fund rebalances daily to maintain its 3x leverage. Frequent rebalancing can lead to transaction costs and tracking errors, affecting price.

Trading Volume & Liquidity: Higher trading volume usually means tighter bid-ask spreads, making it easier to buy or sell ADGGX without significant price impact. Lower liquidity can increase volatility.

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