YTD Total Return As of 04/19/2024 | -6.49% |
Nav As of 04/19/2024 | $11.52 |
Nav Change ($0.02) | 0.17% |
| Morningstar Overall Rating | |
| As of 03/31/2024 for Global Real Estate category Based on risk-adjusted return out of 179 funds. | |
Offers portfolio diversification potential while seeking high total investment return through capital appreciation and income primarily from holdings in U.S. and non-U.S. real estate investment trusts.
Key Facts
Investment Objective | Seeks high total investment return through a combination of capital appreciation and current income |
Inception Date | 04/29/2011 |
Morningstar Category | Global Real Estate |
Benchmark | S&P Developed REIT IndexA |
Total Assets | $792,753,832 As of 03/31/2024 |
Total Holdings | 53 As of 02/29/2024 |
Distribution Frequency | Annual |
Morningstar Overall Rating Based on risk-adjusted return | Out of 179 funds. Global Real Estate category As of 03/31/2024 |
Fees
| Gross Expense Ratio | 1.12% |
| Net Expense Ratio | 1.12% |
| All Accounts With $100 monthly automatic investment | $500 |
| IRA & CESAs With no automatic investment | $1,000 |
| All other accounts With no automatic investment | $2,500 |
Trading Information
| Ticker | ARYVX |
| CUSIP | 025076464 |
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.
Fees
| Gross Expense Ratio | 1.12% |
| Net Expense Ratio | 1.12% |
| All Accounts With $100 monthly automatic investment | $500 |
| IRA & CESAs With no automatic investment | $1,000 |
| All other accounts With no automatic investment | $2,500 |
Trading Information
| Ticker | ARYVX |
| CUSIP | 025076464 |
LSEG Lipper Award for Performance
Global Real Estate Fund recognized for 3-year consistent performance.* The win is more meaningful knowing it has benefited clients seeking income.
*LSEG Lipper Global Real Estate Funds 3-year performance, R6 Shares. LSEG Lipper Fund Awards, ©2024 LSEG Lipper. All rights reserved. Used under license.
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized.
30-Day SEC Subsidized Yield
1.77%
As of 03/28/2024
30-Day SEC UnSubsidized Yield
1.77%
As of 03/28/2024
30-Day SEC Yield (Subsidized/Unsubsidized): Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.
Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.
Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows.
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
FREQUENCY
Yearly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/19/2023 | $0.3066 | $0.3066 | $12.22 |
| Overall | Out of 179 funds. Global Real Estate category |
| 3 Year | Out of 179 funds |
| 5 Year | Out of 179 funds |
| 10 Year | Out of 119 funds |
Investment Style
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar Investment Style Box™: The Morningstar Investment Style Box™ reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
| Risk Measures | |
|---|---|
| Alpha | 0.93 |
| Beta | 0.96 |
| R-Squared | 0.98 |
| Standard Deviation | 19.77 |
| Sharpe Ratio | -0.04 |
Relative to the S&P Developed REIT Index
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 03/31/2024
| Domestic Stock | 70% |
| Foreign Stock | 29% |
| Cash and Cash Equivalents | 1% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 02/29/2024
53 Equity Issues
As of 03/31/2024
| Real Estate | 95% |
| Health Care | 2% |
| Consumer Discretionary | 1% |
| Information Technology | 1% |
| Communication Services | <1% |
Due to rounding, these values may exceed 100%
As of 03/31/2024
| Prologis Inc | 8.97% |
| Equinix Inc | 7.19% |
| Welltower Inc | 5.67% |
| Digital Realty Trust Inc | 4.76% |
| Simon Property Group Inc | 3.96% |
| AvalonBay Communities Inc | 3.93% |
| Goodman Group | 3.67% |
| Iron Mountain Inc | 3.35% |
| Public Storage/new | 2.91% |
| Mitsui Fudosan Co Ltd | 2.77% |
| % of Top Portfolio Holdings | 47.18% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 03/31/2024
-
Countries % Portfolio United States 71% Japan 7% Australia 7% United Kingdom 5% Canada 3% Singapore 2% Mexico 1% Netherlands 1% India 1% Spain <1%
Due to rounding, these values may exceed 100%
How To Buy
Individual Investors: Open a new account or use an existing account registration
Open New Account Log In NowFinancial Advisors: Contact your wholesaler at 1-800-345-6488 for more information
The advisor has agreed to waive the G Class's management fee in its entirety. The advisor expects this fee waiver to remain in effect permanently and cannot terminate it without the approval of the Board of Directors.
Returns or yields for the fund would have been lower if a portion of the management fee had not been waived. Review the annual or semiannual report for the most current information.
Due to the limited focus of this fund, it may experience greater volatility than funds with a broader investment strategy. It is not intended to serve as a complete investment program by itself. Understanding inherent risks such as interest rate fluctuation, credit risk and economic conditions are important when considering an investment in real estate. The fund is classified as nondiversified. Because it is nondiversified, it may hold large positions in a small number of securities. To the extent it maintains such positions; a price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.
International investing involves special risks, such as political instability and currency fluctuations.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Investor Class Shares: Minimum initial investment is $1,000 for IRA and CESA accounts, and $2,500 for non-retirement accounts, but these minimums are waived with an initial investment of at least $500 per account and automatic investments of at least $100 per month. Non-Retirement Accounts: If your account balance falls below the minimum, or if you cancel your automatic monthly investment plan prior to reaching the minimum, American Century Investments may redeem the account and send the proceeds to you. Prior to doing so, we will notify you and give you 90 days to meet the minimum or reinstate your automatic monthly investment plan.
The S&P Developed REIT Index consists of all real estate investment trusts in developed markets, as defined by S&P Dow Jones Indices.
Alpha: Typically used to represent the value added or subtracted by active investment management strategies. It shows how an actively managed investment portfolio performed compared with the expected portfolio returns produced simply by benchmark volatility (beta) and market changes. A positive alpha shows that an investment manager has been able to capture more of the upside movement in the benchmark while softening the downswings. A negative alpha means that the manager's strategies have caught more benchmark downside than upside.
Beta: Standard measurement of potential investment risk and return. It shows how volatile a security's or an investment portfolio's returns have been compared with their respective benchmark indices. A benchmark index's beta always equals 1. A security or portfolio with a beta greater than 1 had returns that fluctuated more, both up and down, than those of its benchmark, while a beta of less than 1 indicates less fluctuation than the benchmark.
R-Squared: Portfolio performance and risk measure that indicates how much of a portfolio's performance fluctuations were attributable to movements in the portfolio's benchmark index. R-squared can range from 0-100%. An r-squared of 100% indicates that all portfolio performance movements were attributable to movements in the benchmark index-they correlate perfectly to the benchmark. Conversely, an r-squared of 0% indicates that there is no correlation between the performance movements of the portfolio and the benchmark.
Standard Deviation: Statistical measurement of variations from the average. In financial literature, it's often used to measure risk, when risk is measured or defined in terms of volatility. In general, more risk means more volatility, and more volatility means a higher standard deviation-there's more variation from the average of the data being measured. In this context, reducing risk means seeking lower standard deviation.
Sharpe Ratio: Simple but useful risk-adjusted measure of returns, showing the amount of return (reward) earned per unit of risk from any asset with a risk component. The higher the Sharpe Ratio, the better, theoretically, the portfolio's risk-adjusted performance-portfolios with higher Sharpe Ratios tend to provide more return for the same amount of risk. The Sharpe Ratio is useful, but not perfect. It can be skewed by irregular return factors that can upset the standard deviation calculation, and it doesn't take into account the market risk (beta) exposure of the portfolio.
Investment Blend: Reflects the blend of securities owned by a fund. For example, the percentage of foreign or domestic stocks held by an equity fund or the percentage of corporate and government securities owned by a bond fund. The U.S./Foreign Convertibles grouping includes Convertible Bonds, Equity Linked Securities and Convertible Preferred securities.
Sector Weights: This value represents the sectors included in the portfolio on a percent of assets basis.
Top Holdings: This value represents the top holdings included in the portfolio on a percent of assets basis. Equity holdings are grouped to include common shares, depository receipts, rights and warrants issued by the same company. Holdings are rounded to the nearest whole number, which may result in the display of less than ten holdings.
Countries: This value represents the countries included in the portfolio on a percent of assets basis.
Regions: This value represents the regions of the country represented by the securities included in the portfolio on a percent of assets basis.
For detailed descriptions of indices or investing terms referenced above, refer to our glossary.
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