REAL ESTATE FUND
Fund
AREDX
Price as of:
$28.21
+ $0.16
+ 0.57%
Primary Theme
fund company
Name
As of 11/22/2024Price
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
14.8%
1 yr return
26.3%
3 Yr Avg Return
1.0%
5 Yr Avg Return
4.8%
Net Assets
$673 M
Holdings in Top 10
58.7%
52 WEEK LOW AND HIGH
$28.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 127.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
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
AREDX - Profile
Distributions
- YTD Total Return 14.8%
- 3 Yr Annualized Total Return 1.0%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.44%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameREAL ESTATE FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateJul 26, 2013
-
Shares Outstanding11471552
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
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 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.
AREDX - Performance
Return Ranking - Trailing
| Period | AREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.8% | -7.0% | 21.2% | 18.78% |
| 1 Yr | 26.3% | -8.6% | 35.3% | 27.76% |
| 3 Yr | 1.0%* | -12.8% | 5.3% | 17.70% |
| 5 Yr | 4.8%* | -12.2% | 14.4% | 47.60% |
| 10 Yr | 6.6%* | -2.2% | 14.4% | 31.90% |
* Annualized
Return Ranking - Calendar
| Period | AREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.4% | -16.2% | 24.6% | 47.13% |
| 2022 | -32.3% | -51.3% | 2.5% | 67.90% |
| 2021 | 26.1% | -7.7% | 52.3% | 71.07% |
| 2020 | -9.9% | -42.2% | 35.0% | 60.26% |
| 2019 | 20.0% | 0.0% | 43.1% | 40.09% |
Total Return Ranking - Trailing
| Period | AREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.8% | -7.0% | 21.2% | 18.78% |
| 1 Yr | 26.3% | -8.6% | 35.3% | 27.76% |
| 3 Yr | 1.0%* | -12.8% | 5.3% | 17.70% |
| 5 Yr | 4.8%* | -12.2% | 14.4% | 47.60% |
| 10 Yr | 6.6%* | -2.2% | 14.4% | 31.90% |
* Annualized
Total Return Ranking - Calendar
| Period | AREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.4% | -13.7% | 25.0% | 56.15% |
| 2022 | -24.5% | -40.7% | 7.8% | 19.75% |
| 2021 | 41.8% | 7.8% | 54.6% | 37.60% |
| 2020 | -8.0% | -36.6% | 44.3% | 78.60% |
| 2019 | 31.1% | 4.1% | 46.4% | 15.77% |
NAV & Total Return History
AREDX - Holdings
Concentration Analysis
| AREDX | Category Low | Category High | AREDX % Rank | |
|---|---|---|---|---|
| Net Assets | 673 M | 1.32 M | 61.4 B | 39.92% |
| Number of Holdings | 36 | 22 | 519 | 67.35% |
| Net Assets in Top 10 | 408 M | 697 K | 32.8 B | 41.63% |
| Weighting of Top 10 | 58.70% | 13.2% | 90.0% | 27.76% |
Top 10 Holdings
- American Tower Corp 9.53%
- Prologis Inc 9.37%
- Welltower Inc 6.80%
- Digital Realty Trust Inc 6.74%
- Equinix Inc 6.31%
- Iron Mountain Inc 4.58%
- VICI Properties Inc 4.22%
- AvalonBay Communities Inc 4.17%
- Essential Properties Realty Trust Inc 3.61%
- Extra Space Storage Inc 3.37%
Asset Allocation
| Weighting | Return Low | Return High | AREDX % Rank | |
|---|---|---|---|---|
| Stocks | 99.21% | 0.00% | 105.52% | 28.98% |
| Other | 0.86% | -89.90% | 104.09% | 19.18% |
| Cash | 0.00% | -42.50% | 24.34% | 97.55% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 62.04% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 57.38% |
| Bonds | 0.00% | 0.00% | 155.83% | 60.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AREDX % Rank | |
|---|---|---|---|---|
| Real Estate | 97.35% | 34.46% | 100.00% | 79.40% |
| Technology | 2.30% | 0.00% | 12.02% | 8.15% |
| Basic Materials | 0.35% | 0.00% | 13.69% | 5.58% |
| Utilities | 0.00% | 0.00% | 3.55% | 54.08% |
| Industrials | 0.00% | 0.00% | 7.39% | 58.80% |
| Healthcare | 0.00% | 0.00% | 0.53% | 55.36% |
| Financial Services | 0.00% | 0.00% | 37.05% | 60.09% |
| Energy | 0.00% | 0.00% | 33.11% | 55.79% |
| Communication Services | 0.00% | 0.00% | 11.61% | 58.80% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 54.08% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 74.25% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AREDX % Rank | |
|---|---|---|---|---|
| US | 99.21% | 0.00% | 105.52% | 25.31% |
| Non US | 0.00% | 0.00% | 37.90% | 58.78% |
AREDX - Expenses
Operational Fees
| AREDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.07% | 8.91% | 78.51% |
| Management Fee | 0.80% | 0.00% | 1.50% | 65.71% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| AREDX 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
| AREDX 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.
| AREDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 127.00% | 0.11% | 380.00% | 91.63% |
AREDX - Distributions
Dividend Yield Analysis
| AREDX | Category Low | Category High | AREDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.00% | 0.00% | 13.03% | 44.49% |
Dividend Distribution Analysis
| AREDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| AREDX | Category Low | Category High | AREDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.44% | -1.14% | 6.05% | 30.58% |
Capital Gain Distribution Analysis
| AREDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 17, 2024 | $0.140 | OrdinaryDividend |
| Mar 19, 2024 | $0.099 | OrdinaryDividend |
| Dec 19, 2023 | $0.180 | OrdinaryDividend |
| Sep 19, 2023 | $0.160 | OrdinaryDividend |
| Jun 20, 2023 | $0.201 | OrdinaryDividend |
| Mar 21, 2023 | $0.107 | OrdinaryDividend |
| Dec 21, 2022 | $2.196 | OrdinaryDividend |
| Sep 20, 2022 | $0.208 | OrdinaryDividend |
| Jun 21, 2022 | $0.173 | OrdinaryDividend |
| Mar 22, 2022 | $0.103 | OrdinaryDividend |
| Dec 21, 2021 | $0.178 | OrdinaryDividend |
| Dec 21, 2021 | $0.829 | CapitalGainShortTerm |
| Dec 21, 2021 | $2.564 | CapitalGainLongTerm |
| Sep 21, 2021 | $0.168 | OrdinaryDividend |
| Jun 22, 2021 | $0.182 | OrdinaryDividend |
| Mar 23, 2021 | $0.090 | OrdinaryDividend |
| Dec 22, 2020 | $0.158 | OrdinaryDividend |
| Sep 22, 2020 | $0.121 | ReturnOfCapital |
| Sep 22, 2020 | $0.030 | OrdinaryDividend |
| Jun 16, 2020 | $0.129 | ReturnOfCapital |
| Jun 16, 2020 | $0.032 | OrdinaryDividend |
| Mar 10, 2020 | $0.064 | ReturnOfCapital |
| Mar 10, 2020 | $0.016 | OrdinaryDividend |
| Dec 20, 2019 | $0.296 | OrdinaryDividend |
| Dec 20, 2019 | $1.949 | CapitalGainLongTerm |
| Sep 17, 2019 | $0.187 | OrdinaryDividend |
| Jun 18, 2019 | $0.174 | OrdinaryDividend |
| Mar 19, 2019 | $0.102 | OrdinaryDividend |
| Dec 20, 2018 | $0.220 | OrdinaryDividend |
| Dec 18, 2018 | $1.131 | CapitalGainLongTerm |
| Sep 18, 2018 | $0.217 | OrdinaryDividend |
| Jun 19, 2018 | $0.300 | OrdinaryDividend |
| Mar 20, 2018 | $0.207 | OrdinaryDividend |
| Dec 26, 2017 | $0.078 | OrdinaryDividend |
| Dec 19, 2017 | $1.249 | CapitalGainLongTerm |
| Sep 19, 2017 | $0.030 | OrdinaryDividend |
| Jun 20, 2017 | $0.030 | OrdinaryDividend |
| Mar 21, 2017 | $0.028 | OrdinaryDividend |
| Dec 27, 2016 | $0.376 | OrdinaryDividend |
| Dec 20, 2016 | $2.612 | CapitalGainLongTerm |
| Sep 20, 2016 | $0.142 | OrdinaryDividend |
| Jun 21, 2016 | $0.235 | OrdinaryDividend |
| Mar 15, 2016 | $0.057 | OrdinaryDividend |
| Dec 28, 2015 | $0.496 | OrdinaryDividend |
| Sep 08, 2015 | $0.162 | OrdinaryDividend |
| Jun 09, 2015 | $0.126 | OrdinaryDividend |
| Mar 10, 2015 | $0.061 | OrdinaryDividend |
| Dec 23, 2014 | $0.302 | OrdinaryDividend |
| Sep 09, 2014 | $0.152 | OrdinaryDividend |
| Jun 10, 2014 | $0.163 | OrdinaryDividend |
| Mar 11, 2014 | $0.069 | OrdinaryDividend |
| Dec 23, 2013 | $0.169 | OrdinaryDividend |
| Sep 10, 2013 | $0.155 | OrdinaryDividend |
AREDX - 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 | 8.3 | 2.68 |