American Century NT Global Real Estt Inv
Fund
ANREX
Price as of:
$11.11
- $0.19
- 1.68%
Primary Theme
N/A
fund company
Name
As of 04/22/2022Price
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
Vitals
YTD Return
-15.4%
1 yr return
19.6%
3 Yr Avg Return
11.9%
5 Yr Avg Return
11.2%
Net Assets
$540 M
Holdings in Top 10
41.8%
52 WEEK LOW AND HIGH
$11.3
$11.11
$13.93
Expenses
OPERATING FEES
Expense Ratio 1.11%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 159.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2022Price
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
ANREX - Profile
Distributions
- YTD Total Return -15.4%
- 3 Yr Annualized Total Return 11.9%
- 5 Yr Annualized Total Return 11.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.83%
- Dividend Yield 3.9%
- Dividend Distribution Frequency N/A
Fund Details
-
Legal NameAmerican Century NT Global Real Estate Fund
-
Fund Family NameAmerican Century Investments
-
Inception DateMar 19, 2015
-
Shares Outstanding4272917
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSteven 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 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 property sectors and regions, and the individual weights thereof, of the S&P Developed REIT Index, a member of the S&P Global Property Index Series. 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’s investment strategy is concentrated in real estate securities, the fund may hold a relatively small number of security positions compared to other funds that hold securities in a broader range of industries.
The fund invests primarily in equity securities of companies located in developed countries world-wide (including the United States), but may also invest in emerging markets. Under normal market conditions, the fund will invest at least 30% (unless the portfolio
managers deem market conditions unfavorable, in which case the fund would invest at least 20%) of its assets in securities of issuers located outside the United States. The fund will allocate its assets among at least three different countries (one of which may be the United States).
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.
ANREX - Performance
Return Ranking - Trailing
| Period | ANREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -15.4% | -19.2% | 15.3% | 99.53% |
| 1 Yr | 19.6% | -6.4% | 27.6% | 6.73% |
| 3 Yr | 11.9%* | -4.9% | 14.7% | 7.25% |
| 5 Yr | 11.2%* | 1.9% | 13.0% | 6.50% |
| 10 Yr | N/A* | 1.5% | 9.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ANREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.3% | -13.9% | 30.7% | 46.12% |
| 2022 | -1.4% | -20.7% | 13.7% | 16.02% |
| 2021 | 24.4% | 1.0% | 26.5% | 7.32% |
| 2020 | -9.7% | -27.7% | 73.0% | 59.89% |
| 2019 | 10.4% | -6.3% | 29.0% | 32.77% |
Total Return Ranking - Trailing
| Period | ANREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -15.4% | -33.2% | 15.3% | 99.53% |
| 1 Yr | 19.6% | -9.6% | 27.6% | 6.28% |
| 3 Yr | 11.9%* | -4.9% | 14.7% | 6.76% |
| 5 Yr | 11.2%* | 1.8% | 13.0% | 6.50% |
| 10 Yr | N/A* | 0.9% | 9.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ANREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.3% | -13.9% | 30.7% | 46.12% |
| 2022 | -1.4% | -20.7% | 13.7% | 16.02% |
| 2021 | 24.4% | 1.0% | 26.5% | 7.32% |
| 2020 | -6.5% | -27.7% | 76.6% | 35.29% |
| 2019 | 14.2% | 1.3% | 28.9% | 29.38% |
NAV & Total Return History
ANREX - Holdings
Concentration Analysis
| ANREX | Category Low | Category High | ANREX % Rank | |
|---|---|---|---|---|
| Net Assets | 540 M | 1.63 M | 10.5 B | 39.52% |
| Number of Holdings | 69 | 5 | 750 | 66.67% |
| Net Assets in Top 10 | 225 M | 3.51 K | 6.41 B | 33.80% |
| Weighting of Top 10 | 41.84% | 17.6% | 63.6% | 15.35% |
Top 10 Holdings
- Prologis Inc 8.81%
- Welltower Inc 5.23%
- Public Storage 5.13%
- AvalonBay Communities Inc 5.09%
- Invitation Homes Inc 4.79%
- Extra Space Storage Inc 4.65%
- Equinix Inc 4.47%
- Digital Realty Trust Inc 3.85%
- Life Storage Inc 3.72%
- Simon Property Group Inc 3.46%
Asset Allocation
| Weighting | Return Low | Return High | ANREX % Rank | |
|---|---|---|---|---|
| Stocks | 99.71% | 3.38% | 118.49% | 4.63% |
| Cash | 0.28% | -5.55% | 11.29% | 90.28% |
| Preferred Stocks | 0.00% | 0.00% | 36.90% | 94.44% |
| Other | 0.00% | -25.64% | 79.44% | 95.37% |
| Convertible Bonds | 0.00% | 0.00% | 0.39% | 92.13% |
| Bonds | 0.00% | -0.04% | 13.63% | 92.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ANREX % Rank | |
|---|---|---|---|---|
| Real Estate | 96.95% | 34.47% | 100.00% | 53.30% |
| Technology | 2.02% | 0.00% | 18.76% | 11.32% |
| Communication Services | 1.02% | 0.00% | 25.25% | 35.85% |
| Utilities | 0.00% | 0.00% | 0.99% | 93.40% |
| Industrials | 0.00% | 0.00% | 6.83% | 94.81% |
| Healthcare | 0.00% | 0.00% | 1.18% | 93.40% |
| Financial Services | 0.00% | 0.00% | 15.70% | 95.28% |
| Energy | 0.00% | 0.00% | 0.31% | 93.40% |
| Consumer Defense | 0.00% | 0.00% | 0.05% | 93.40% |
| Consumer Cyclical | 0.00% | 0.00% | 16.14% | 98.58% |
| Basic Materials | 0.00% | 0.00% | 1.76% | 93.40% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ANREX % Rank | |
|---|---|---|---|---|
| US | 71.20% | 0.00% | 77.63% | 1.85% |
| Non US | 28.51% | 0.00% | 99.40% | 93.06% |
ANREX - Expenses
Operational Fees
| ANREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.11% | 0.01% | 2.81% | 51.85% |
| Management Fee | 1.11% | 0.10% | 1.50% | 98.13% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.26% | N/A |
Sales Fees
| ANREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ANREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| ANREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 159.00% | 1.00% | 165.00% | 94.90% |
ANREX - Distributions
Dividend Yield Analysis
| ANREX | Category Low | Category High | ANREX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.94% | 0.00% | 1.54% | 92.59% |
Dividend Distribution Analysis
| ANREX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| ANREX | Category Low | Category High | ANREX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.83% | -0.23% | 3.84% | 33.81% |
Capital Gain Distribution Analysis
| ANREX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2018 | $0.330 | |
| Dec 19, 2017 | $0.332 | |
| Dec 20, 2016 | $0.376 | |
| Dec 15, 2015 | $0.221 |
ANREX - Fund Manager Analysis
Managers
Steven Brown
Start Date
Tenure
Tenure Rank
Mar 19, 2015
7.04
7.0%
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
Mar 19, 2015
7.04
7.0%
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
Mar 19, 2015
7.04
7.0%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.14 | 20.26 | 7.09 | 14.51 |