American Century Equity Income Investor (TWEIX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in August 1994 and is managed by American Century Investment Management. The objective of TWEIX is to seek current income. Capital appreciation is a secondary goal. TWEIX invests in stocks of undervalued companies and holds them until their stock price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. TWEIX invests in real estate securities. These securities include share of real estate investment trusts and companies engaged in the real estate industry.
This Large Value fund, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond and Foreign Stock.
American Century Equity Income Investor, managed by American Century, carries an expense ratio of 0.93%. Moreover, TWEIX requires a minimal initial investment of $2,500.
TWEIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 7.92%, 3 year 9.44% and 5 year 9.56%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
TWEIX’s performance, as of the last filing, when compared to funds in its category was in the top 2% in 1 year, top 9% over the past 3 years, and in the 11% over the past 5 years.
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