American Century Equity Income Investor Fund (TWEIX - Free Report) seeks 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 product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 10.1% and 5 year 12.5%. 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 1% over the past 1 year, and in the top 3% over the past 3 years and in the top 19% over the past 5 years.
The American Century Equity Income Investor fund, as of the last filing, allocates their fund in four major groups; Large Value, Large Growth, Emerging Market and Precious Metal. Further, as of the last filing, iShares Russell 1000 Value Index, Johnson & Johnson and SPDR S&P 500 Trust ETF were the top holdings for TWEIX.
This Zacks Rank #2 (Buy) was incepted in August 1994 and is managed by American Cent. TWEIX carries an expense ratio of 0.94% and requires a minimal initial investment of $2,500.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>