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AREDX American Century Real Estate R6

  • Fund
  • AREDX
  • Price as of: May 20, 2019
  • $29.13 - $0.39 - 1.32%
  • Category
  • Real Estate

AREDX - Profile

Vitals

  • YTD Return 16.8%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $973 M
  • Holdings in Top 10 49.8%

52 WEEK LOW AND HIGH

$29.13
$23.96
$29.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

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

BROKERAGE FEES

  • Turnover 148.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 16.8%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Century Real Estate Fund
  • Fund Family Name American Century Investments
  • Inception Date Jul 26, 2013
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Steven R. 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. 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 fund is non-diversified.

AREDX - Performance

Return Ranking - Trailing

Period AREDX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% 5.6% 20.7% 48.94%
1 Yr 9.7% -31.3% 18.8% 55.85%
3 Yr -1.7%* -17.4% 5.2% 58.60%
5 Yr 1.8%* -11.0% 19.7% 34.68%
10 Yr N/A* 3.3% 17.4% N/A

* Annualized


Return Ranking - Calendar

Period AREDX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.8% -44.0% -5.8% 60.22%
2017 0.5% -16.4% 25.4% 48.92%
2016 -5.4% -17.0% 8.6% 70.97%
2015 0.1% -18.1% 2.4% 12.43%
2014 27.1% -3.3% 115.9% 21.76%

Total Return Ranking - Trailing

Period AREDX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% 5.6% 20.7% 48.94%
1 Yr 17.7% -30.4% 21.4% 2.66%
3 Yr 6.5%* -17.0% 8.2% 14.52%
5 Yr 8.0%* -10.7% 19.7% 14.45%
10 Yr N/A* 3.3% 17.4% N/A

* Annualized


Total Return Ranking - Calendar

Period AREDX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.6% -43.3% -1.9% 8.06%
2017 5.4% -13.6% 32.7% 30.65%
2016 6.1% -12.3% 10.2% 27.42%
2015 3.1% -15.2% 7.6% 30.27%
2014 30.1% -3.3% 115.9% 25.29%

NAV & Total Return History

AREDX - Holdings

Concentration Analysis

AREDX Category Low Category High AREDX % Rank
Net Assets 973 M 10.7 M 63.8 B 34.57%
Number of Holdings 37 21 731 77.13%
Net Assets in Top 10 476 M 3.76 M 26.5 B 34.57%
Weighting of Top 10 49.77% 11.9% 161.1% 29.26%

Top 10 Holdings

  1. Prologis Inc 6.79%

  2. Welltower Inc 6.11%

  3. Equity Residential 5.57%

  4. Equinix Inc 5.56%

  5. HCP Inc 4.85%

  6. UDR Inc 4.34%

  7. Sun Communities Inc 4.30%

  8. Camden Property Trust 4.19%

  9. Extra Space Storage Inc 4.08%

  10. Alexandria Real Estate Equities Inc 3.98%


Asset Allocation

Weighting Return Low Return High AREDX % Rank
Stocks
100.19% 15.70% 100.19% 1.06%
Preferred Stocks
0.00% 0.00% 53.32% 16.49%
Other
0.00% -0.59% 5.80% 24.47%
Convertible Bonds
0.00% 0.00% 5.90% 12.23%
Bonds
0.00% 0.00% 113.82% 12.77%
Cash
-0.20% -113.94% 12.44% 95.21%

Stock Sector Breakdown

Weighting Return Low Return High AREDX % Rank
Real Estate
98.90% 12.48% 99.74% 17.55%
Technology
0.77% 0.00% 9.96% 19.15%
Communication Services
0.52% 0.00% 12.24% 49.47%
Utilities
0.00% 0.00% 0.00% 6.91%
Industrials
0.00% -0.02% 9.42% 24.47%
Healthcare
0.00% 0.00% 4.53% 9.57%
Financial Services
0.00% 0.00% 14.48% 17.02%
Energy
0.00% 0.00% 4.87% 7.98%
Consumer Defense
0.00% 0.00% 0.22% 7.98%
Consumer Cyclical
0.00% 0.00% 37.68% 64.36%
Basic Materials
0.00% -0.05% 16.58% 40.96%

Stock Geographic Breakdown

Weighting Return Low Return High AREDX % Rank
US
99.42% 15.70% 100.00% 13.83%
Non US
0.77% 0.00% 47.66% 29.79%

AREDX - Expenses

Operational Fees

AREDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.00% 29.08% 89.36%
Management Fee 0.79% 0.00% 1.20% 52.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

AREDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AREDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

AREDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 148.00% 3.00% 1060.00% 86.70%

AREDX - Distributions

Dividend Yield Analysis

AREDX Category Low Category High AREDX % Rank
Dividend Yield 0.03% 0.00% 0.05% 14.36%

Dividend Distribution Analysis

AREDX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

AREDX Category Low Category High AREDX % Rank
Net Income Ratio 2.23% -0.10% 5.36% 12.77%

Capital Gain Distribution Analysis

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

AREDX - Managers

Steven R. Brown

Manager

Start Date

Tenure

Tenure Rank

Nov 17, 2008

10.45

10.5%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2009

9.33

9.3%

Steven Rodriguez is a portfolio manager for American Century Investments®, a premier investment manager headquartered in Kansas City, Mo. Mr. Rodriguez joined American Century Investments in 2009 from 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. Mr. Rodriguez has a bachelor's degree in economics and a master's degree in accounting from the University of Michigan.


Tenure Analysis

Category Low

0.0

Category High

25.34

Category Average

8.78

Category Mode

5.33