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TWEIX American Century Equity Income Inv

  • Fund
  • TWEIX
  • Price as of: Jul 19, 2017
  • $9.32
  • + $0.03
  • + 0.32%
  • Category
  • Large Cap Value Equities

TWEIX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 9.7%
  • 5 Yr Annualized Return 12.5%
  • Net Assets $12.3 B
  • Holdings in Top 10 29.2%

52 WEEK LOW AND HIGH

$9.32
$8.73
$9.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 93.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2016-10-24

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 9.7%
  • 5 Yr Annualized Total Return 12.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.91%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Century Equity Income Fund
  • Fund Family Name American Century Investments
  • Inception Date Aug 01, 1994
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin Toney

Fund Description

The American Century Investments Equity Income Fund Investor Class (TWEIX) is a low-cost fund designed to provide a high level of total returns through income. The fund focuses on large- and mid-cap dividend-paying stocks domiciled in the U.S. Management looks at three fundamental metrics-high-quality, low valuation and competitive yields-when selecting TWEIX’s holdings.

With its focus on dividend income as a high percentage of total returns, TWEIX makes for a great core holding for income seekers as well as other investors. The fund is managed by American Century Investments.

TWEIX - Performance

Return Ranking - Trailing

Period TWEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.8% -83.3% 25.4% 55.73% 3
1 Yr 11.9% -47.2% 35.5% 82.17% 5
3 Yr 9.7% * -15.3% 14.1% 3.03% 1
5 Yr 12.5% * -0.1% 17.0% 54.16% 3
10 Yr 6.9% * -0.6% 8.9% 8.46% 1

* Annualized


Return Ranking - Calendar

Period TWEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 10.7% -40.1% 180.5% 38.82% 3
2015 -9.0% -47.3% 9.6% 43.10% 3
2014 2.1% -46.4% 35.3% 56.32% 4
2013 9.6% -13.6% 45.0% 88.35% 5
2012 7.6% -22.7% 35.8% 79.63% 5

Total Return Ranking - Trailing

Period TWEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.8% -83.3% 25.4% 55.74% 3
1 Yr 11.9% -51.7% 110.4% 70.63% 4
3 Yr 9.7% * -11.2% 19.9% 3.13% 1
5 Yr 12.5% * -0.1% 17.0% 47.68% 3
10 Yr 6.9% * -0.6% 8.9% 7.26% 1

* Annualized


Total Return Ranking - Calendar

Period TWEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 12.3% -23.8% 187.5% 35.80% 2
2015 0.6% -26.0% 39.5% 5.85% 1
2014 15.7% -14.3% 57.4% 8.96% 1
2013 28.7% 0.0% 289.2% 89.90% 5
2012 18.8% -21.5% 528.1% 58.31% 3

NAV & Total Return History

TWEIX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

TWEIX Category Low Category High TWEIX % Rank Quintile
Net Assets 12.3 B 273 K 91.7 B 2.19% 1
Number of Holdings 106 1 925 7.99% 2
Net Assets in Top 10 3.57 B 0 26.5 B 1.90% 1
Weighting of Top 10 29.2% 0.0% 100.1% 14.75% 3

Top 10 Holdings

  1. General Elec FRN 2.54%
  2. Johnson & Johnson 4.80%
  3. General Mills Inc 2.62%
  4. Total SA 3.18%
  5. Chevron Corp 2.18%
  6. Procter & Gamble Co 4.64%
  7. Republic Services Inc Class A 2.47%
  8. Schlumberger Ltd 2.38%
  9. Exxon Mobil Corp 2.35%
  10. 3M Co 2.08%

Asset Allocation

Weighting Category Low Category High TWEIX % Rank Quintile
Stocks
83.76% 0.00% 134.23% 25.69% 5
Bonds
5.11% -0.23% 70.11% 1.14% 1
Preferred Stocks
4.31% 0.00% 38.32% 0.76% 1
Convertible Bonds
3.80% 0.00% 75.93% 0.48% 1
Other
1.92% -4.29% 29.49% 2.95% 1
Cash
1.10% -34.23% 100.00% 18.27% 4

Stock Sector Breakdown

Weighting Category Low Category High TWEIX % Rank Quintile
Financial Services
16.78% 0.00% 42.10% 24.40% 4
Energy
15.41% 0.00% 18.50% 1.53% 1
Consumer Defense
11.15% 0.00% 31.87% 5.62% 1
Industrials
10.64% 0.00% 36.04% 13.25% 3
Healthcare
10.54% 0.00% 29.91% 20.59% 4
Utilities
6.32% -0.24% 81.09% 5.43% 1
Technology
4.80% 0.00% 30.18% 28.03% 5
Communication Services
2.81% 0.00% 14.07% 14.97% 3
Basic Materials
2.16% 0.00% 17.72% 18.97% 4
Consumer Cyclical
1.91% 0.00% 40.32% 28.79% 5
Real Estate
0.59% -0.40% 17.95% 16.78% 4

Stock Geographic Breakdown

Weighting Category Low Category High TWEIX % Rank Quintile
US
76.45% 0.00% 132.97% 28.26% 5
Non US
7.31% 0.00% 98.06% 11.42% 2

Bond Sector Breakdown

Weighting Category Low Category High TWEIX % Rank Quintile
Corporate
13.22% 0.00% 90.82% 0.86% 1
Cash & Equivalents
1.09% -34.23% 100.00% 17.79% 4
Derivative
0.00% -0.27% 0.02% 0.29% 1
Securitized
0.00% 0.00% 28.38% 0.76% 1
Municipal
0.00% 0.00% 1.38% 0.57% 1
Government
0.00% 0.00% 23.75% 2.00% 1

Bond Geographic Breakdown

Weighting Category Low Category High TWEIX % Rank Quintile
US
4.73% -0.23% 62.99% 1.24% 1
Non US
0.38% 0.00% 12.93% 1.24% 1

TWEIX - Expenses

Operational Fees

TWEIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.91% 0.05% 21.67% 17.32% 2
Management Fee 0.93% 0.00% 1.20% 1.05% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

TWEIX Fees (% of AUM) Category Low Category High TWEIX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

TWEIX Fees (% of AUM) Category Low Category High TWEIX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

TWEIX Fees (% of AUM) Category Low Category High TWEIX Rank Quintile
Turnover 93.00% 0.00% 229.00% 3.04% 5

TWEIX - Distributions

Dividend Yield Analysis

TWEIX Category Low Category High TWEIX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.58% 42.34% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TWEIX Category Low Category High TWEIX % Rank Quintile
Net Income Ratio 1.91% -2.34% 4.47% 9.51% 2

Capital Gain Distribution Analysis

TWEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

TWEIX - Managers

Kevin Toney

Manager

Start Date

Aug 30, 2003

Tenure

13.84

Tenure Rank

2.7%

Kevin Toney, CFA, Vice President and Senior Portfolio Manager, joined American Century Investments in 1999 and became a portfolio manager in 2006. Mr. Toney was an associate at Toronto Dominion Securities. He has worked in the investment industry since 1993. He earned a bachelor’s degree in commerce from the University of Virginia and a master’s degree in business administration from The Wharton School of the University of Pennsylvania. He is a CFA charterholder and a member of the CFA Institute.


Michael Liss

Manager

Start Date

Dec 31, 1998

Tenure

18.51

Tenure Rank

1.3%

Michael Liss, CFA, is Vice President and Senior Portfolio Manager of American Century. Mr. Liss has been with American Century since 1998. He holds a bachelor’s degree in accounting and finance from Albright College and an MBA in finance from Indiana University.


Phillip N. Davidson

Manager

Start Date

Dec 31, 1994

Tenure

22.51

Tenure Rank

0.6%

Phil Davidson oversees the teams that manage the company’s value equity portfolios. He also is a member of the team of investment professionals that manages several strategies, including U.S. Value Yield, U.S. Value and U.S. Mid Cap Value. Prior to joining American Century in 1993, Mr. Davidson was vice president and equity portfolio manager for Boatmen’s Trust Company in St. Louis. He has worked in the investment industry since 1980.


Dan Gruemmer

Manager

Start Date

Dec 31, 2009

Tenure

7.5

Tenure Rank

6.0%

Mr. Gruemmer, Portfolio Manager, has been a member of the team that manages the fund since joining American Century Investments in 2009 as an analyst. He became a portfolio manager in 2015. He has a bachelor’s degree in aerospace engineering from Iowa State University, a master’s in aerospace engineering from Washington University and an MBA in finance, accounting and strategic management from the Booth School of Business at the University of Chicago. He is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

38.9

Category Average

7.01

Category Mode

2.5