Fund Evaluator:

American Century Global Gold C Overview

American Century Global Gold C (AGYCX) is an actively managed Sector Equity Equity Precious Metals fund. American Century Investments launched the fund in 2007.

The investment seeks to realize a total return (capital growth and dividends) consistent with investment in securities of companies that are engaged in mining, processing, fabricating or distributing gold or other precious metals throughout the world. The fund invests at least 80% of its net assets in companies that are engaged in mining, processing, fabricating, distributing, exploring for or otherwise dealing in gold. It is non-diversified.

About American Century Global Gold C (AGYCX)

There are 3 members of the management team with an average tenure of 4.88 years: Yulin Long (2016), Stephen Quance (2023), Mattia Bacciardi (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and NYSE Arca Gold Miners TR USD index with a weighting of 100%. American Century Global Gold C has 80 securities in its portfolio. The top 10 holdings constitute 49.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Century Global Gold C is part of the Equity global asset class and is within the Sector Equity fund group. American Century Global Gold C has 79.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 20.2%. There is 79.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Century Global Gold C has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $6 million in total assets, which is below the $547 million average for the Equity Precious Metals category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AGYCX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Century Global Gold C expense ratio is high compared to funds in the Equity Precious Metals category. American Century Global Gold C has an expense ratio of 1.66%, which is 30% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Century Global Gold C has a portfolio turnover rate of 20%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 58% for the Equity Precious Metals category.

Recently, in the month of August 2026, American Century Global Gold C returned 32.9%, which earned it a grade of C, as the Equity Precious Metals category had an average return of 31.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Century Global Gold C has a trailing yield of 0.01%, which is below the 4.40% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Century Global Gold C Grades

Year to date, the fund has returned 14.0%, 2.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 58.7% over the past year (grade of D), 53.2% over the past three years (grade of C) and 25.0% per year over the past five years (grade of C) and 13.8% per year over the past 10 years (grade of D).

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