American Century Utilities Fund Investor Class
BULIX
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- American Century Utilities Fund Investor Class (BULIX) is an open-end mutual fund that seeks current income and long-term capital growth through a systematic, quantitative approach to investing primarily in equity securities of companies engaged in the utilities industry, including electric, gas, water, independent power producers, energy traders, and renewable energy generators; under normal market conditions, the fund allocates at least 80% of its net assets to such securities, with a portfolio heavily weighted toward U.S. stocks (approximately 99%) in the utilities sector, featuring top holdings such as NextEra Energy Inc., Duke Energy Corp., Constellation Energy Corp., Vistra Corp., and Dominion Energy Inc. The Investor Class shares, available primarily to U.S. investors, carry a net expense ratio of 0.66%, a minimum initial investment of $2,500 for non-retirement accounts ($1,000 for IRAs, with waivers for automatic investment plans), and daily pricing with no front-end or deferred loads. Offered by American Century Investments, a privately controlled independent asset manager founded in 1958 (originally as Twentieth Century Mutual Funds, renamed in 1997) and headquartered at 4500 Main Street in Kansas City, Missouri, with additional offices in New York, London, Hong Kong, and Sydney, the BULIX fund was launched on March 1, 1993, and manages total net assets of approximately $293.52 million as of the latest data. The fund targets institutional and retail investors seeking defensive, income-oriented exposure to the stable utilities sector, characterized by mid-cap value stocks and low volatility relative to broader markets. Recent management enhancements include the addition of Stephen Quance as co-portfolio manager on August 4, 2023, alongside veteran Yulin Long (since December 31, 2010), and Mattia Bacciardi joining on May 24, 2025, to refine the fund's quantitative growth and valuation ranking process with integrated risk controls; these changes support ongoing performance amid sector tailwinds like easing interest rates, rising power demand from data centers, and grid modernization investments driving 14.2% YTD gains in the utilities sector benchmark (XLU) through 2025. At the parent company level, American Century Investments maintains its strategic alliance with Nomura Holdings, which holds a 41% economic interest since 2016, while completing a transaction with 3x5 Partners in 2023 to bolster specialized capabilities. The fund remains domiciled in the United States with no reported acquisitions, funding rounds, or structural reorganizations specific to BULIX in the last 1-2 years.