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Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

REAL ESTATE FUND

REAIX | Fund

$26.30

$673 M

2.48%

$0.65

0.95%

Vitals

YTD Return

7.5%

1 yr return

8.4%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

3.6%

Net Assets

$673 M

Holdings in Top 10

57.4%

52 WEEK LOW AND HIGH

$26.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 127.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

REAL ESTATE FUND

REAIX | Fund

$26.30

$673 M

2.48%

$0.65

0.95%

REAIX - Profile

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.29%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    REAL ESTATE FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jun 16, 1997
  • Shares Outstanding
    5461120
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Brown

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 (collectively, real estate securities). A REIT invests primarily in income-producing real estate or makes loans to persons involved in the real estate industry. The portfolio managers consider a company to be engaged in the real estate industry if, at least 50% of its revenues or 50% of the market value of its assets at the time the securities are purchased by the fund are attributed to the ownership, construction, management or sale of real estate. 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 portfolio managers use the following investment techniques to help construct the portfolio: 1) top down fundamental analysis of property sectors and geographic regions that allows the managers to allocate assets among securities with exposure to different segments and geographies of the real estate market, 2) bottom up fundamental stock research, and 3) benchmark sensitive portfolio construction that reflects the securities that comprise, and the individual weights within, the FTSE Nareit All Equity REITs Index. Of these techniques, the portfolio managers place particular emphasis on property sector research. These techniques also help the portfolio managers sell the stocks of companies whose fundamentals are no longer attractively priced.
Because the fund is nondiversified and its investment strategy is concentrated in real estate securities, the fund may hold a relatively small number of security positions compared to other funds that are diversified and hold securities in a broader range of industries.
The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
Read More

REAIX - Performance

Return Ranking - Trailing

Period REAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -12.5% 16.2% 19.33%
1 Yr 8.4% -11.6% 16.8% 19.33%
3 Yr -2.2%* -13.7% 4.7% 25.85%
5 Yr 3.6%* -12.6% 12.6% 45.95%
10 Yr 5.2%* -2.5% 13.2% 37.50%

* Annualized

Return Ranking - Calendar

Period REAIX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -16.2% 24.6% 47.26%
2022 -32.2% -51.3% 2.5% 66.95%
2021 26.0% -7.7% 52.3% 70.64%
2020 -9.9% -42.2% 35.0% 59.01%
2019 20.0% 0.0% 43.1% 40.93%

Total Return Ranking - Trailing

Period REAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -12.5% 16.2% 19.33%
1 Yr 8.4% -11.6% 16.8% 19.33%
3 Yr -2.2%* -13.7% 4.7% 25.85%
5 Yr 3.6%* -12.6% 12.6% 45.95%
10 Yr 5.2%* -2.5% 13.2% 37.50%

* Annualized

Total Return Ranking - Calendar

Period REAIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.3% -13.7% 25.0% 57.81%
2022 -24.6% -40.7% 7.8% 21.19%
2021 41.6% 7.8% 54.6% 41.70%
2020 -8.1% -36.6% 44.3% 80.63%
2019 30.9% 4.1% 46.4% 18.60%

NAV & Total Return History

REAIX - Holdings

Concentration Analysis

REAIX Category Low Category High REAIX % Rank
Net Assets 673 M 2.26 M 70.8 B 38.53%
Number of Holdings 37 22 548 61.34%
Net Assets in Top 10 411 M 1.29 M 32.8 B 40.34%
Weighting of Top 10 57.43% 13.2% 82.2% 24.79%

Top 10 Holdings

  1. American Tower Corp 8.49%
  2. Welltower Inc 8.05%
  3. Equinix Inc 6.95%
  4. Prologis Inc 6.78%
  5. Iron Mountain Inc 5.24%
  6. Digital Realty Trust Inc 5.17%
  7. AvalonBay Communities Inc 4.71%
  8. Simon Property Group Inc 4.50%
  9. Ventas Inc 3.95%
  10. SBA Communications Corp 3.59%

Asset Allocation

Weighting Return Low Return High REAIX % Rank
Stocks 		99.29% 0.00% 100.25% 28.99%
Cash 		1.21% -42.50% 24.34% 95.38%
Other 		0.80% -82.45% 106.21% 15.97%
Preferred Stocks 		0.00% 0.00% 31.13% 37.39%
Convertible Bonds 		0.00% 0.00% 10.95% 30.80%
Bonds 		0.00% 0.00% 149.68% 35.29%

Stock Sector Breakdown

Weighting Return Low Return High REAIX % Rank
Real Estate 		97.35% 34.46% 100.00% 78.32%
Technology 		2.30% 0.00% 12.02% 5.31%
Basic Materials 		0.35% 0.00% 13.69% 3.54%
Utilities 		0.00% 0.00% 3.55% 26.99%
Industrials 		0.00% 0.00% 7.39% 31.86%
Healthcare 		0.00% 0.00% 0.53% 28.76%
Financial Services 		0.00% 0.00% 37.05% 35.40%
Energy 		0.00% 0.00% 33.11% 27.43%
Communication Services 		0.00% 0.00% 11.61% 35.84%
Consumer Defense 		0.00% 0.00% 0.93% 25.66%
Consumer Cyclical 		0.00% 0.00% 45.29% 53.54%

Stock Geographic Breakdown

Weighting Return Low Return High REAIX % Rank
US 		99.29% 0.00% 100.25% 22.69%
Non US 		0.00% 0.00% 36.61% 35.29%

REAIX - Expenses

Operational Fees

REAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.07% 8.91% 66.38%
Management Fee 0.95% 0.00% 1.50% 82.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

REAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

REAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

REAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 127.00% 0.11% 380.00% 90.09%

REAIX - Distributions

Dividend Yield Analysis

REAIX Category Low Category High REAIX % Rank
Dividend Yield 2.48% 0.00% 13.03% 50.84%

Dividend Distribution Analysis

REAIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

REAIX Category Low Category High REAIX % Rank
Net Income Ratio 1.29% -1.14% 6.05% 36.60%

Capital Gain Distribution Analysis

REAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

REAIX - Fund Manager Analysis

Managers

Steven Brown

Start Date

Tenure

Tenure Rank

Nov 17, 2008

13.54

13.5%

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.

Steven Rodriguez

Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

Mr. Rodriguez, Vice President and Portfolio Manager for American Century Investments®. He joined American Century Investments in 2009 as an Investment Analyst and became a portfolio manager in 2013. Prior to joining in American Century Investments, he worked in 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. He has a bachelor’s degree in economics and a Master of Accounting from the University of Michigan.

Vishal Govil

Start Date

Tenure

Tenure Rank

Dec 31, 2011

10.42

10.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.32 16.42

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