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AREEX American Century Real Estate A

  • Fund
  • AREEX
  • Price as of: Apr 22, 2019
  • $27.99
  • - $0.32
  • - 1.13%
  • Category
  • Real Estate

AREEX - Profile

Vitals

  • YTD Return 12.5%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 8.0%
  • Net Assets $965 M
  • Holdings in Top 10 49.8%

52 WEEK LOW AND HIGH

$27.99
$23.88
$29.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 148.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

N/A

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 12.5%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.63%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Century Real Estate Fund
  • Fund Family Name American Century Investments
  • Inception Date Oct 06, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Steven Rodriguez

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in equity securities issued by real estate investment trusts (REITs) and other companies engaged in the real estate industry. The portfolio managers look for real estate securities they believe will provide superior returns, focusing on companies with the potential for stock price appreciation, plus sustainable growth of cash flow to investors. The fund is non-diversified.

AREEX - Performance

Return Ranking - Trailing

Period AREEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.5% -59.9% 23.4% 41.13% 3
1 Yr 17.8% -40.6% 34.3% 31.73% 2
3 Yr 5.0% * -8.0% 14.3% 57.51% 3
5 Yr 8.0% * 2.7% 12.3% 52.97% 3
10 Yr 17.8% * 3.5% 22.9% 29.19% 2

* Annualized


Return Ranking - Calendar

Period AREEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.8% -44.0% 7.9% 63.03% 4
2017 0.3% -18.4% 25.4% 47.66% 3
2016 -5.5% -21.2% 29.1% 68.53% 4
2015 0.1% -18.1% 31.5% 17.41% 1
2014 27.0% -22.5% 29.2% 15.81% 1

Total Return Ranking - Trailing

Period AREEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.5% -100.0% 23.4% 42.50% 3
1 Yr 11.0% -19.9% 90.7% 68.27% 4
3 Yr 2.9% * -0.6% 14.3% 83.26% 5
5 Yr 6.8% * 2.7% 12.3% 76.26% 4
10 Yr 17.1% * 3.3% 22.9% 43.24% 3

* Annualized


Total Return Ranking - Calendar

Period AREEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.8% -44.0% 8.0% 66.24% 4
2017 0.3% -16.4% 40.1% 54.11% 3
2016 -4.5% -16.3% 41.9% 77.19% 4
2015 2.5% -13.5% 80.3% 63.18% 4
2014 31.2% -26.1% 82.5% 62.09% 4

NAV & Total Return History

AREEX - Holdings

Filings data as of: Mar 31, 2019

Concentration Analysis

AREEX Category Low Category High AREEX % Rank Quintile
Net Assets 965 M 553 K 63.8 B 13.83% 2
Number of Holdings 37 5 731 18.18% 5
Net Assets in Top 10 476 M 711 K 26.5 B 13.83% 2
Weighting of Top 10 49.8% 3.7% 161.2% 12.25% 2

Top 10 Holdings

  1. Prologis Inc 6.79%
  2. Sun Communities Inc 4.30%
  3. Welltower Inc 6.11%
  4. UDR Inc 4.34%
  5. HCP Inc 4.85%
  6. Camden Property Trust 4.19%
  7. Extra Space Storage Inc 4.08%
  8. Equity Residential 5.57%
  9. Equinix Inc 5.56%
  10. Alexandria Real Estate Equities Inc 3.98%

Asset Allocation

Weighting Category Low Category High AREEX % Rank Quintile
Stocks
100.19% 1.09% 100.19% 0.40% 1
Preferred Stocks
0.00% 0.00% 52.49% 5.93% 5
Other
0.00% -0.59% 108.20% 7.91% 5
Convertible Bonds
0.00% 0.00% 5.90% 3.16% 5
Bonds
0.00% 0.00% 113.82% 4.35% 5
Cash
-0.20% -113.94% 74.22% 32.81% 5

Stock Sector Breakdown

Weighting Category Low Category High AREEX % Rank Quintile
Real Estate
98.90% 0.00% 100.00% 4.35% 1
Technology
0.77% 0.00% 9.96% 5.53% 1
Communication Services
0.52% 0.00% 13.23% 18.18% 3
Utilities
0.00% 0.00% 16.80% 1.58% 5
Industrials
0.00% -0.02% 11.94% 9.09% 5
Healthcare
0.00% 0.00% 4.62% 3.95% 5
Financial Services
0.00% 0.00% 14.48% 5.14% 5
Energy
0.00% 0.00% 38.67% 2.37% 5
Consumer Defense
0.00% 0.00% 0.89% 1.98% 5
Consumer Cyclical
0.00% 0.00% 37.68% 20.16% 5
Basic Materials
0.00% -0.05% 16.58% 11.46% 5

Stock Geographic Breakdown

Weighting Category Low Category High AREEX % Rank Quintile
US
99.42% 1.00% 100.05% 6.32% 2
Non US
0.77% 0.00% 47.66% 9.88% 2

AREEX - Expenses

Operational Fees

AREEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.40% 0.00% 29.08% 33.60% 3
Management Fee 1.14% 0.00% 1.20% 0.79% 5
12b-1 Fee 0.25% 0.00% 1.00% 5.23% 3
Administrative Fee N/A 0.01% 0.47% N/A N/A

Sales Fees

AREEX Fees (% of AUM) Category Low Category High AREEX Rank Quintile
Front Load 5.75% 2.50% 5.75% 2.13% 5
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

AREEX Fees (% of AUM) Category Low Category High AREEX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AREEX Fees (% of AUM) Category Low Category High AREEX Rank Quintile
Turnover 148.00% 0.00% 1060.00% 4.35% 5

AREEX - Distributions

Dividend Yield Analysis

AREEX Category Low Category High AREEX % Rank Quintile
Dividend Yield 0.7% 0.00% 5.38% 16.53% 1

Dividend Distribution Analysis

AREEX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AREEX Category Low Category High AREEX % Rank Quintile
Net Income Ratio 1.63% -0.56% 5.36% 31.23% 3

Capital Gain Distribution Analysis

AREEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

AREEX - Managers

Steven Rodriguez

Manager

Start Date

Dec 31, 2009

Tenure

9.25

Tenure Rank

11.4%

Steven Rodriguez is a portfolio manager for American Century Investments®, a premier investment manager headquartered in Kansas City, Mo. Mr. Rodriguez joined American Century Investments in 2009 from Barclays Capital (formerly Lehman Brothers) where he was an Associate Vice President, responsible for conducting fundamental equity research and analysis on REIT securities, as well as analyzing real estate industry trends. Previously, Steven was an associate with PricewaterhouseCoopers, LLP. Mr. Rodriguez has a bachelor's degree in economics and a master's degree in accounting from the University of Michigan.


Steven R. Brown

Manager

Start Date

Nov 17, 2008

Tenure

10.37

Tenure Rank

9.8%

Steven Brown, senior vice president and senior portfolio manager, has managed the fund since 2008. Prior to joining American Century Investments in 2008, he spent seven years at Neuberger Berman, most recently serving as Global Head of real estate securities. He previously managed institutional separate accounts and served as a portfolio co-manager for the Cohen & Steers Equity Income Fund, Inc. and the Cohen & Steers Advantage Income Realty Fund, Inc. He has a bachelor's degree in economics and an MBA in finance from New York University Stern School of Business.


Tenure Analysis

Category Low

0.0

Category High

25.3

Category Average

8.07

Category Mode

4.3