YTD Total Return As of 01/29/2026 | 3.57% |
Nav As of 01/29/2026 | $8.70 |
Nav Change ($0.06) | 0.69% |
Equity Income Fund is a classic value strategy that seeks to deliver income, build capital, and manage downside risk over time.
Quality With a Yield Focus
A portfolio investing in common stocks and other securities of companies that we believe are high quality. These companies may have attractive valuation and the potential to provide yield and long-term outperformance.
Classic Bottom-Up, Active Process
We use a robust, bottom-up, fundamental research process to determine and manage down market risk and fair value potential for each security in our universe.
Seeking Risk-Aware Outperformance
Our distinct, active investment approach seeks to deliver a strong risk-adjusted return profile through stock selection.
Getting to Know...
Key Facts
Investment Objective | Seeks current income, capital appreciation is a secondary objective |
Inception Date | 08/29/2003 |
Morningstar Category | Large Value |
Benchmark | Russell 3000 Value IndexA |
Total Assets | $6,355,978,674 As of 12/31/2025 |
Total Holdings | 114 As of 11/30/2025 |
Distribution Frequency | Quarterly |
Morningstar Overall Rating Based on risk-adjusted return | Out of 1,059 funds. Large Value category As of 12/31/2025 |
Fees
| Gross Expense Ratio | 1.44% |
Trading Information
| Ticker | AEURX |
| CUSIP | 025076670 |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
Fees
| Gross Expense Ratio | 1.44% |
Trading Information
| Ticker | AEURX |
| CUSIP | 025076670 |
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. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
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. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
30-Day SEC Subsidized Yield
1.75%
As of 12/31/2025
30-Day SEC UnSubsidized Yield
1.75%
As of 12/31/2025
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
Quarterly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/16/2025 | $0.7147 | $0.041 | $8.42 |
| 09/23/2025 | $0.0346 | $0.0346 | $8.92 |
| 06/24/2025 | $0.0618 | $0.0618 | $8.52 |
| 03/25/2025 | $0.0204 | $0.0204 | $8.62 |
| Overall | Out of 1,059 funds. Large Value category |
| 3 Year | Out of 1,059 funds |
| 5 Year | Out of 995 funds |
| 10 Year | Out of 832 funds |
Investment Style
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Risk Measures | |
|---|---|
| Alpha | -0.81 |
| Beta | 0.67 |
| R-Squared | 0.85 |
| Standard Deviation | 9.65 |
| Sharpe Ratio | 0.24 |
Relative to the Russell 3000 Value Index
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 12/31/2025
| Domestic Stock | 79% |
| US & Foreign Convertibles | 11% |
| Foreign Stock | 8% |
| Cash and Cash Equivalents | 2% |
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 11/30/2025
114 Equity Issues
As of 12/31/2025
| Financials | 25% |
| Health Care | 15% |
| Consumer Staples | 14% |
| Industrials | 12% |
| Information Technology | 8% |
| Energy | 8% |
| Utilities | 6% |
| Materials | 6% |
| Consumer Discretionary | 3% |
| Communication Services | 2% |
| Real Estate | 1% |
Due to rounding, these values may exceed 100%
As of 12/31/2025
| Johnson & Johnson | 3.17% |
| Enterprise Products Partners LP | 3.14% |
| JPMorgan Chase & Co | 2.99% |
| Becton Dickinson & Co | 2.97% |
| Norfolk Southern Corp | 2.41% |
| Marsh & McLennan Cos Inc | 2.35% |
| Medtronic PLC | 2.29% |
| PepsiCo Inc | 2.06% |
| Microchip Technology Inc (conv) | 2.01% |
| Unilever PLC | 1.92% |
| % of Top Portfolio Holdings | 25.31% |
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 12/31/2025
Due to rounding, these values may exceed 100%
How to Buy
Individual investors: This share class is only available for purchase through an employer sponsored retirement plan. Call 1-800-345-3533 to speak to a business retirement services representative. However, you can purchase the investor share class of this fund on the website.
View Investor Share ClassFinancial 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.
The value and/or returns of a portfolio will fluctuate with market and economic conditions.
The fund invests in convertible securities, which may be affected by changes in interest rates, the credit of the issuer and the value of the underlying common stock. The fund also may invest in foreign securities, which can be riskier than investing in U.S. securities.
Generally, as interest rates rise, the value of the bonds held in the fund will decline. The opposite is true when interest rates decline.
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.
Measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values.
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