- CEO
- Kim G. Redding
- Full Time Employees
- 9,000
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Sep 19, 1995
- Business
- American Century Real Estate Fund Investor Class (REACX) is an open-end mutual fund that seeks total return through a combination of dividend income and capital appreciation by investing primarily in equity real estate investment trusts (REITs) and other real estate-related investments. The fund focuses on a portfolio of U.S. real estate securities, including leading REITs in sectors such as healthcare, data centers, industrial/logistics, diversified, retail, office, and residential properties; top holdings as of late 2025 include Welltower Inc., American Tower Corp., Prologis Inc., Digital Realty Trust Inc., and Equinix Inc., representing approximately 37% of the portfolio, with the overall portfolio comprising 43 holdings, 99% in U.S. stocks, and total assets of $534.6 million. It offers Investor Class shares with a minimum initial investment of $2,500 for non-retirement accounts ($1,000 for IRAs), a net expense ratio of 1.15%, and benchmarks performance against the FTSE NAREIT All Equity REITs Index; the fund is classified as nondiversified, resulting in potentially higher volatility from concentrated positions. Launched on September 21, 1995, REACX operates exclusively in the U.S. market, targeting individual investors, financial advisors, institutions, and retirement plans through various share classes including Advisor, A, C, I, R, R5, R6, and Y classes.
The fund is managed by American Century Investments, founded in 1958 by James E. Stowers Jr. as Twentieth Century Mutual Funds (renamed in 1997) and headquartered at 4500 Main Street in Kansas City, Missouri, where the firm oversees approximately $310 million in revenue and employs around 1,300 people across its asset management operations. Nomura Holdings maintains a longstanding strategic partnership with American Century Investments since 2016, holding a non-controlling 41% economic interest (10.1% voting rights), enabling cross-distribution of products including ACI-managed funds in Japan and Asia while leveraging ACI's U.S. equity expertise.
In recent developments, the fund has sustained a portfolio turnover rate of 96% as of September 30, 2025, reflecting active management amid sector rotations in real estate, with year-to-date total returns of 3.63% as of November 28, 2025 (NAV $26.80), and trailing one-year returns around 9-13% amid volatile market conditions. American Century Investments has executed broader strategic shifts, including the 2023 acquisition of partners and staff from 3x5 Partners to enter private impact investing and venture capital, alongside Q3 2025 portfolio adjustments across funds tilting toward value-oriented industrials, healthcare, energy, small-cap, and non-U.S. equities for diversification. No major fund-specific acquisitions, launches, or reorganizations for REACX have been reported in the last 1-2 years, with operations remaining focused on U.S. REITs.