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Name

As of 11/22/2024

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

EQUITY INCOME FUND

ACIIX | Fund

$9.62

$8.21 B

2.13%

$0.20

0.73%

Vitals

YTD Return

16.2%

1 yr return

20.9%

3 Yr Avg Return

6.3%

5 Yr Avg Return

7.5%

Net Assets

$8.21 B

Holdings in Top 10

28.3%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

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 11/22/2024

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

EQUITY INCOME FUND

ACIIX | Fund

$9.62

$8.21 B

2.13%

$0.20

0.73%

ACIIX - Profile

Distributions

  • YTD Total Return 16.2%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.03%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    EQUITY INCOME FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jul 08, 1998
  • Shares Outstanding
    488719692
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Phillip Davidson

Fund Description

The portfolio managers look for equity securities of companies with a favorable income-paying history that have prospects for income payments to continue or increase. The portfolio managers also look for equity securities of companies that they believe are undervalued and have the potential for an increase in price. To identify these undervalued companies, the portfolio managers look for companies with earnings, cash flows and/or assets that may not be reflected in the companies’ stock prices or may be outside the companies’ historical ranges. The portfolio managers use a variety of analytical research tools and techniques to help them make decisions about buying or holding securities of companies that meet their investment criteria and selling the securities of companies that do not.
The fund may invest a portion of its assets in foreign securities when these securities meet the portfolio managers’ standards of selection.
Under normal market conditions, the portfolio managers will invest at least 80% of the fund’s net assets in equity securities (including equity-equivalent securities, such as convertible securities) regardless of the movement of stock prices generally.
The portfolio managers may sell stocks from the fund’s portfolio if they believe a stock no longer meets their valuation criteria, a stock’s risk parameters outweigh its return opportunity, more attractive alternatives are identified or specific events alter a stock’s prospects.
Read More

ACIIX - Performance

Return Ranking - Trailing

Period ACIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% -10.4% 43.4% 81.45%
1 Yr 20.9% -0.9% 58.6% 91.65%
3 Yr 6.3%* -3.2% 31.4% 83.71%
5 Yr 7.5%* 0.0% 45.6% 94.52%
10 Yr 8.6%* 1.5% 25.0% 64.20%

* Annualized

Return Ranking - Calendar

Period ACIIX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.8% -16.9% 46.1% 94.29%
2022 -11.1% -64.7% 4.6% 41.96%
2021 9.2% -44.2% 57.5% 77.96%
2020 -1.2% -23.2% 285.0% 57.00%
2019 15.5% -21.4% 48.5% 77.06%

Total Return Ranking - Trailing

Period ACIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% -10.4% 43.4% 81.45%
1 Yr 20.9% -0.9% 58.6% 91.65%
3 Yr 6.3%* -3.2% 31.4% 83.71%
5 Yr 7.5%* 0.0% 45.6% 94.52%
10 Yr 8.6%* 1.5% 25.0% 64.20%

* Annualized

Total Return Ranking - Calendar

Period ACIIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -15.9% 46.7% 92.44%
2022 -3.0% -42.0% 8.5% 25.98%
2021 17.1% 3.6% 129.7% 96.82%
2020 1.2% -22.6% 304.8% 67.46%
2019 24.5% -12.7% 52.1% 64.67%

NAV & Total Return History

ACIIX - Holdings

Concentration Analysis

ACIIX Category Low Category High ACIIX % Rank
Net Assets 8.21 B 126 K 163 B 15.63%
Number of Holdings 111 2 1727 30.06%
Net Assets in Top 10 2.13 B 433 K 37.8 B 15.90%
Weighting of Top 10 28.30% 4.4% 99.1% 47.42%

Top 10 Holdings

  1. Johnson Johnson 5.46%
  2. Medtronic PLC 4.98%
  3. Enterprise Products Partners LP 2.56%
  4. Norfolk Southern Corp 2.45%
  5. Exxon Mobil Corp 2.33%
  6. Becton Dickinson Co 2.32%
  7. Kimberly-Clark Corp 2.24%
  8. Verizon Communications Inc 2.04%
  9. Roche Holding AG 1.98%
  10. JPMorgan Chase Co 1.93%

Asset Allocation

Weighting Return Low Return High ACIIX % Rank
Stocks 		81.90% 7.19% 103.40% 98.35%
Preferred Stocks 		10.24% 0.00% 15.27% 0.37%
Bonds 		6.29% 0.00% 78.06% 1.47%
Convertible Bonds 		1.60% 0.00% 3.66% 1.02%
Other 		1.21% -2.59% 36.68% 7.63%
Cash 		0.79% 0.00% 36.15% 64.61%

Stock Sector Breakdown

Weighting Return Low Return High ACIIX % Rank
Healthcare 		17.03% 0.00% 30.08% 56.31%
Financial Services 		16.98% 0.00% 58.05% 72.26%
Consumer Defense 		15.83% 0.00% 34.10% 4.36%
Industrials 		12.90% 0.00% 42.76% 29.87%
Technology 		9.24% 0.00% 54.02% 61.78%
Utilities 		9.02% 0.00% 27.04% 9.18%
Energy 		7.65% 0.00% 54.00% 52.13%
Communication Services 		4.17% 0.00% 26.58% 73.28%
Basic Materials 		3.86% 0.00% 21.69% 37.20%
Consumer Cyclical 		2.49% 0.00% 22.74% 92.49%
Real Estate 		0.83% 0.00% 90.54% 74.86%

Stock Geographic Breakdown

Weighting Return Low Return High ACIIX % Rank
US 		75.01% 7.19% 103.40% 98.07%
Non US 		6.89% 0.00% 24.08% 8.36%

Bond Sector Breakdown

Weighting Return Low Return High ACIIX % Rank
Corporate 		83.85% 0.00% 100.00% 3.29%
Cash & Equivalents 		0.79% 0.00% 100.00% 57.35%
Derivative 		0.03% -2.59% 8.30% 7.35%
Securitized 		0.00% 0.00% 40.38% 44.72%
Municipal 		0.00% 0.00% 0.02% 44.72%
Government 		0.00% 0.00% 100.00% 45.98%

Bond Geographic Breakdown

Weighting Return Low Return High ACIIX % Rank
US 		6.29% 0.00% 66.93% 1.47%
Non US 		0.00% 0.00% 11.12% 47.06%

ACIIX - Expenses

Operational Fees

ACIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.03% 14.82% 67.80%
Management Fee 0.72% 0.00% 1.50% 80.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

ACIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

ACIIX 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.

ACIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 488.00% 31.87%

ACIIX - Distributions

Dividend Yield Analysis

ACIIX Category Low Category High ACIIX % Rank
Dividend Yield 2.13% 0.00% 16.67% 10.49%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ACIIX Category Low Category High ACIIX % Rank
Net Income Ratio 2.03% -1.51% 4.28% 14.68%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ACIIX - Fund Manager Analysis

Managers

Phillip Davidson

Start Date

Tenure

Tenure Rank

Dec 31, 1994

27.43

27.4%

Mr. Davidson, CFA, is a senior vice president and executive portfolio manager for American Century Investments. Prior to joining American Century in 1993, Phil was vice president and equity portfolio manager for Boatmen’s Trust Company in St. Louis. During his 11 years at Boatmen’s, he specialized in the management of institutional equity accounts using a value-oriented investment style. He has worked in the financial industry since 1980. Phil holds a bachelor’s degree in business administration and a master’s degree in finance from Illinois State University.

Michael Liss

Start Date

Tenure

Tenure Rank

Dec 31, 1998

23.43

23.4%

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.

Kevin Toney

Start Date

Tenure

Tenure Rank

Aug 30, 2003

18.76

18.8%

Kevin Toney, CFA, CIO, senior vice president and senior portfolio manager for American Century Investments, joined the company in 1999 as an investment analyst and became a portfolio manager in 2006. Kevin is responsible for the teams that manage the company’s value and real estate equity strategies that comprise the firm’s Global Value Equity discipline. Before joining American Century Investments, Kevin was an associate in the M&A group of Toronto Dominion Securities. He has worked in the investment industry since 1993.

Brian Woglom

Start Date

Tenure

Tenure Rank

Apr 29, 2019

3.09

3.1%

Brian is a member of the team of investment professionals managing the U.S. Value Yield, U.S. Value, U.S. Large Cap Value, U.S. Mid Cap Value and U.S. Equity Market Neutral Value strategies and related accounts, and he co-manages U.S. Large Cap Value, U.S. Value, U.S. Mid Cap Value and U.S. Equity Market Neutral Value. He joined American Century Investments in 2005. Previously, Brian was an investment analyst for Argo Partners and an analyst for the portfolio management unit of Metropolitan Life Insurance Co. He has worked in the investment industry since 1998. Brian earned a bachelor's degree in economics from Amherst College and a master’s degree in business administration from the University of Michigan. He is a CFA® charterholder and a member of the CFA Institute.

Paul Howanitz

Start Date

Tenure

Tenure Rank

Feb 19, 2022

0.28

0.3%

Mr. Howanitz, Portfolio Manager and Senior Investment Analyst, has been a member of the team that manages the fund since joining American Century in 2015 as an analyst. He became a senior investment analyst in 2020 and a portfolio manager in 2022. He has a bachelor’s degree in administrative science from Colby College and an MBA from the University of North Carolina. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.09 6.71

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