Fund Evaluator:

American Century Global Gold Inv Overview

American Century Global Gold Inv (BGEIX) is an actively managed Sector Equity Equity Precious Metals fund. American Century Investments launched the fund in 1988.

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 Inv (BGEIX)

There are 3 members of the management team with an average tenure of 4.71 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 Inv has 78 securities in its portfolio. The top 10 holdings constitute 48.8% 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 Inv is part of the Equity global asset class and is within the Sector Equity fund group. American Century Global Gold Inv has 78.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 20.4%. There is 78.9% 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 Inv has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $433 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.

BGEIX 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 Inv expense ratio is above average compared to funds in the Equity Precious Metals category. American Century Global Gold Inv has an expense ratio of 0.66%, which is 48% 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 Gold Inv 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 55% for the Equity Precious Metals category.

Recently, in the month of June 2026, American Century Global Gold Inv returned -15.5%, which earned it a grade of D, as the Equity Precious Metals category had an average return of -15.0%. 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 Inv has a trailing yield of 0.92%, which is below the 5.58% 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 Inv Grades

Year to date, the fund has returned -12.4%, 2.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 45.1% over the past year (grade of C), 40.1% over the past three years (grade of C) and 18.6% per year over the past five years (grade of C) and 11.0% per year over the past 10 years (grade of C).

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