Fund Evaluator:

American Century Global Real Estate Y Overview

American Century Global Real Estate Y (ARYYX) is an actively managed Sector Equity Global Real Estate fund. American Century Investments launched the fund in 2017.

The investment seeks high total investment return through a combination of capital appreciation and current income. The fund invests at least 80% of its net assets in equity securities issued by real estate investment trusts (REITs) and other companies engaged in the real estate industry (collectively, real estate securities). It invests primarily in equity securities of companies located in developed countries world-wide (including the United States), but may also invest in emerging markets. Normally, the fund will invest at least 30% of its assets in securities of issuers located outside the United States. The fund is non-diversified.

About American Century Global Real Estate Y (ARYYX)

There are 3 members of the management team with an average tenure of 11.73 years: Steven Rodriguez (2011), Vishal Govil (2021), Steven Brown (2011). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S&P Devlp REIT TR USD index with a weighting of 100%. American Century Global Real Estate Y has 64 securities in its portfolio. The top 10 holdings constitute 46.7% 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 Real Estate Y is part of the Equity global asset class and is within the Sector Equity fund group. American Century Global Real Estate Y has 24.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 72.7%. There is 24.5% 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 Real Estate Y has 1.9% of the portfolio in cash.

Assets Under Management

The fund has $61 million in total assets, which is below the $200 million average for the Global Real Estate 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.

ARYYX 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 Real Estate Y expense ratio is above average compared to funds in the Global Real Estate category. American Century Global Real Estate Y has an expense ratio of 0.76%, which is 34% lower than its category average, making the fund expense ratio grade a A. 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 Real Estate Y has a portfolio turnover rate of 137%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 72% for the Global Real Estate category.

Recently, in the month of June 2026, American Century Global Real Estate Y returned 1.8%, which earned it a grade of A, as the Global Real Estate category had an average return of 0.9%. 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 Real Estate Y has a trailing yield of 3.04%, which is above the 2.90% category average. The fund normally distributes its income 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 Real Estate Y Grades

Year to date, the fund has returned 11.4%, 3.1 percentage points better than the category, which translates into a grade of A. The fund has returned 15.8% over the past year (grade of A), 11.9% over the past three years (grade of A) and 4.2% per year over the past five years (grade of A) and 6.4% per year over the past 10 years (grade of A).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about American Century Global Real Estate Y, including its riskiness, submit your email to unlock the rest of the article.