According to various research papers and books, value investing is among one of the top performing style over the long term period. This American Century Equity Income fund is rated as one of the best large value domestic stock mutual fund. More fund's review details can be found below.
American Century Equity Income Investor (Ticker: TWEIX)
American Century Equity Income Investor (Ticker: TWEIX)
The American Century Equity Income fund seeks current income. The fund’s secondary consideration is capital appreciation. This American Century fund invests in equity securities with a favorable income-paying history that has prospects for income payments to continue or increase. It invests >80% of its assets in equity securities at all times regardless of the movement of stock prices generally and invests at least 85% of its assets in income-paying securities. The fund also invests in equity securities of companies that the advisor believes are undervalued and have the potential for an increase in price.
TWEIX Fund Details
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| American Century TWEIX fund |
- Fund Inception Date: August 1994
- Ticker Symbol: TWEIX (Investor Class)
- CUSIP: 025076100
- Beta (3yr): 0.65
- Rank in category (YTD): 80
- Category: Large Value
- Dividend Yield: 2.71%
- Expense Ratio: 0.96%
- Sales Load: 0%
- Capital Gains: N/A
- Number of Years Up: 13 years
- Number of Years Down: 3 years
TWEIX has a yield of 2.71%. Last dividend was distributed in March 2011. The expense ratio rate is 0.96% per year which is lower than the category average (1.27%). The minimum initial investment to invest in the brokerage account of this fund is $2,500 same amount applies for IRA account. There is no 12b1 fee and no sales load fee.
Morningstar has rated this fund with 5 stars rating. As the top rated fund, this American Century fund has returned 21.68% over the past one year and 4.61% over the past five years. The best 1-year return was recorded in 1997 with 28.26% while the worst 1-year return was in 2008 with -20.05%. It also has a year-to-date return of 6.22%.
Morningstar has rated this fund with 5 stars rating. As the top rated fund, this American Century fund has returned 21.68% over the past one year and 4.61% over the past five years. The best 1-year return was recorded in 1997 with 28.26% while the worst 1-year return was in 2008 with -20.05%. It also has a year-to-date return of 6.22%.
The lead manager of this fund is Philip Davidson. He has managed this fund four months after its inception in August 1994. This fund can be bought from 108 brokerages include JP Morgan, T Rowe Price, Merrill Lynch, Schwab Retail, LPL SAM Eligible, EP Fee Small, Dreyfus NTF, Royal Alliance, Ameritas NTF P, etc. The fund has 146.0% of annual holdings turnover as of June 2011 which is higher than the average (58.20%).
As May 2011, the investment portfolio is allocated as follows: 66.04% in Domestic Stock, 26.47% in US & Foreign Convertibles, 5.15% in Foreign Stock and 2.33% in Cash and Cash Equivalents. The top 10 stock holdings of this fund are Exxon Mobil Corp (3.93%), Bank of America Corp (3.81%), Annaly Capital Management Inc (3.15%), Procter & Gamble Co (2.96%), 3M Co (2.95%), Invitrogen (2.86%), Consolidated Edison Inc (2.61%), Johnson & Johnson (2.50%), and AT&T Inc (2.26%). The top sector weightings as of April 2011 are 26.31% in financials, 16.86% in health care, 12.71% in consumer staples, 11.39% in industrials and 11.24% in energy.
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