Global Value Equity  >  U.S. Real Estate Securities

U.S. Real Estate Securities

Summary

STRATEGY FACTS

As of 12/31/2018 tooltip

When Listed:

Mutual funds and CIT only available in the United States.

SICAVs only available in certain non-U.S. countries. Please check country availability.

Available Vehicles Separate Account
CIT
Mutual Fund
Investment Universe U.S. REITs and real estate securities
Benchmark MSCI US REIT Index
Inception Date 12/01/2008
Total Assets $9.84 MM

INVESTMENT TEAM

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Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.

Steven Brown

Steve Rodriguez

3 Investment Analysts

2 Client Portfolio Managers

Documents & Resources

RFI

RFI

 

U.S. Real Estate Securities employs both top-down and bottom-up components and is comprised of equity securities issued by real estate investment trusts (REITs) and companies engaged in the real estate industry.

We believe:

  • Economic, property sector and fundamental security factors are important forces in determining REIT security pricing.
  • Continuous access to information can create a sustainable competitive advantage.
  • Successful public real estate investment requires intensive real estate and securities analysis.
  • Dynamic market environment demands a flexible investment process.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* Since Inception*
U.S. Real Estate Securities (gross) -5.75% -3.86% -3.86% 3.02% 8.31% 13.13%
U.S. Real Estate Securities (net) -6.00% -4.86% -4.86% 1.93% 7.15% 11.88%
Standard Deviation --- --- 14.47% 12.69% 13.35% 21.08%
Sharpe Ratio --- --- -0.40 0.16 0.58 0.61
MSCI US REIT INDEX -6.72% -4.57% -4.57% 2.88% 7.80% 12.17%
Excess Return 0.97% 0.71% 0.71% 0.14% 0.51% 0.95%
Tracking Error --- --- 2.28% 1.92% 1.69% 1.85%
Information Ratio --- --- 0.31 0.07 0.30 0.51

*Annualized

Sources: MSCI Inc., FactSet

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

For a presentation that complies with the GIPS® standards, click here .

For purposes of compliance with the Global Investment Performance Standards ("GIPS®"), the Firm is defined as American Century Investment Management, Inc. ("ACIM"). ACIM claims compliance with GIPS®. The U.S. Real Estate Securities composite includes portfolios that typically invest in REITs and companies engaged in the real estate industry. Index futures (and currency forwards and futures, where applicable or appropriate) are occasionally used to equitize cash and manage portfolio risk. Other derivative instruments may be used, as allowed, as part of the investment strategy. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.

Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.