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TWEIX American Century Equity Income Inv

  • Fund
  • TWEIX
  • Price as of: May 14, 2019
  • $8.74 + $0.04 + 0.46%
  • Category
  • Large Cap Value Equities

TWEIX - Profile

Vitals

  • YTD Return 10.6%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $11.7 B
  • Holdings in Top 10 27.4%

52 WEEK LOW AND HIGH

$8.74
$7.53
$9.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 75.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 10.6%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Century Equity Income Fund
  • Fund Family Name American Century Investments
  • Inception Date Aug 01, 1994
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Phillip N. Davidson

Fund Description

The American Century Investments Equity Income Fund Investor Class (TWEIX) is a low-cost fund designed to provide a high level of total returns through income. The fund focuses on large- and mid-cap dividend-paying stocks domiciled in the U.S. Management looks at three fundamental metrics-high-quality, low valuation and competitive yields-when selecting TWEIX’s holdings.

With its focus on dividend income as a high percentage of total returns, TWEIX makes for a great core holding for income seekers as well as other investors. The fund is managed by American Century Investments.

TWEIX - Performance

Return Ranking - Trailing

Period TWEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -3.5% 23.5% 52.93%
1 Yr -0.5% -29.1% 14.0% 12.33%
3 Yr 0.9%* -13.8% 15.5% 74.37%
5 Yr -0.4%* -28.0% 11.5% 54.57%
10 Yr 4.5%* -10.0% 12.7% 87.88%

* Annualized


Return Ranking - Calendar

Period TWEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.3% -38.8% 15.7% 17.56%
2017 1.1% -17.9% 37.3% 88.82%
2016 10.7% -7.3% 28.2% 45.52%
2015 -9.0% -47.3% 0.6% 52.53%
2014 2.1% -46.4% 75.9% 67.10%

Total Return Ranking - Trailing

Period TWEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -3.5% 23.5% 52.80%
1 Yr -0.5% -29.1% 14.0% 36.24%
3 Yr 0.9%* -9.3% 16.3% 94.85%
5 Yr -0.4%* -9.5% 13.5% 88.16%
10 Yr 4.5%* -4.0% 15.5% 98.08%

* Annualized


Total Return Ranking - Calendar

Period TWEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.3% -32.1% 15.7% 44.08%
2017 1.1% -7.9% 38.3% 97.49%
2016 10.7% -7.3% 29.2% 75.16%
2015 -9.0% -26.2% 4.7% 78.41%
2014 2.1% -45.2% 78.4% 88.60%

NAV & Total Return History

TWEIX - Holdings

Concentration Analysis

TWEIX Category Low Category High TWEIX % Rank
Net Assets 11.7 B 1.47 M 117 B 12.81%
Number of Holdings 124 18 1796 25.25%
Net Assets in Top 10 3.1 B 81.8 K 32.2 B 11.19%
Weighting of Top 10 27.41% 8.7% 74.3% 56.34%

Top 10 Holdings

  1. Medtronic PLC 4.50%

  2. Johnson & Johnson 3.70%

  3. iShares Russell 1000 Value ETF 3.12%

  4. PNC Financial Services Group Inc 2.60%

  5. Total SA 2.44%

  6. Procter & Gamble Co 2.37%

  7. Verizon Communications Inc 2.35%

  8. Chevron Corp 2.28%

  9. Bank of America Corporation 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 2.04%

  10. Nestle SA 2.01%


Asset Allocation

Weighting Return Low Return High TWEIX % Rank
Stocks
82.85% 6.24% 117.77% 97.76%
Bonds
5.86% -0.04% 43.37% 1.87%
Preferred Stocks
5.48% 0.00% 16.57% 1.87%
Cash
3.39% -17.77% 40.48% 30.60%
Convertible Bonds
1.81% 0.00% 77.39% 1.74%
Other
0.62% -0.77% 2.43% 2.86%

Stock Sector Breakdown

Weighting Return Low Return High TWEIX % Rank
Financial Services
15.37% 0.89% 39.05% 82.29%
Healthcare
13.70% 0.00% 25.25% 55.24%
Industrials
12.38% 0.00% 37.45% 14.21%
Energy
9.42% 0.00% 24.02% 51.00%
Consumer Defense
8.43% 0.00% 27.68% 35.41%
Utilities
7.49% 0.00% 71.85% 9.85%
Technology
5.94% 0.00% 35.17% 94.64%
Communication Services
2.52% 0.00% 12.35% 81.92%
Basic Materials
2.41% 0.00% 17.14% 71.57%
Real Estate
2.25% 0.00% 33.69% 54.86%
Consumer Cyclical
1.49% 0.00% 46.05% 98.13%

Stock Geographic Breakdown

Weighting Return Low Return High TWEIX % Rank
US
71.82% 0.17% 117.77% 94.90%
Non US
11.03% 0.00% 99.26% 21.39%

Bond Sector Breakdown

Weighting Return Low Return High TWEIX % Rank
Corporate
13.04% 0.00% 92.36% 1.49%
Cash & Equivalents
3.50% -17.77% 71.79% 28.98%
Derivative
0.00% -0.89% 0.02% 86.07%
Securitized
0.00% 0.00% 25.23% 90.30%
Municipal
0.00% 0.00% 1.33% 90.05%
Government
0.00% 0.00% 5.30% 91.29%

Bond Geographic Breakdown

Weighting Return Low Return High TWEIX % Rank
US
5.86% -0.04% 34.69% 1.74%
Non US
0.00% 0.00% 8.83% 90.30%

TWEIX - Expenses

Operational Fees

TWEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.03% 8.83% 62.27%
Management Fee 0.90% 0.00% 1.20% 94.28%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

TWEIX 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 1.00% 5.50% N/A

Trading Fees

TWEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

TWEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 75.00% 0.00% 258.00% 76.49%

TWEIX - Distributions

Dividend Yield Analysis

TWEIX Category Low Category High TWEIX % Rank
Dividend Yield 0.02% 0.00% 0.10% 11.07%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TWEIX Category Low Category High TWEIX % Rank
Net Income Ratio 1.86% -2.85% 3.22% 20.67%

Capital Gain Distribution Analysis

TWEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

TWEIX - Managers

Phillip N. Davidson

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1994

24.35

24.4%

Phillip N. Davidson, CFA, is a portfolio manager. He is jointly and primarily responsible for the day-to-day management of American Century’s portion of the portfolio. Mr. Davidson is the Chief Investment Officer – Global Value Equity, Senior Vice President, and Senior Portfolio Manager for American Century. He joined American Century in 1993 as a portfolio manager. Prior to joining American Century in 1993, Mr. Davidson was vice president and equity portfolio manager for Boatmen’s Trust Company in St. Louis.


Michael Liss

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.34

20.3%

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

Manager

Start Date

Tenure

Tenure Rank

Aug 30, 2003

15.68

15.7%

Kevin Toney, CFA, Vice President and Senior Portfolio Manager, joined American Century in 1999 as an investment analyst and became a portfolio manager in 2006. Mr. Toney was an associate at Toronto Dominion Securities. He has worked in the investment industry since 1993. He earned a bachelor’s degree in commerce from the University of Virginia and a master’s degree in business administration from The Wharton School of the University of Pennsylvania. He is a CFA charterholder and a member of the CFA Institute.


Brian Woglom

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2019

0.0

0.0%

Mr. Woglom, Vice President and Portfolio Manager, is a member of the team of investment professionals managing the U.S. Large Cap Value, U.S. Value Yield, U.S. 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, Mr. Woglom 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. Mr. Woglom earned a bachelor’s degree in finance 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.


Tenure Analysis

Category Low

0.0

Category High

35.36

Category Average

7.83

Category Mode

0.23