U.S. Value Yield

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. Large Cap Value Equity and U.S. Low Volatility Equity
Benchmark Russell 3000® Value Index
Inception Date 09/01/1994
Total Assets $12.94 B

TARGET

Tracking Error 5% - 8% over a standard market
Excess Return 2.5% - 4% over a standard market cycle

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.

Phil Davidson, CFA

Michael Liss, CFA, CPA

Kevin Toney, CFA

Dan Gruemmer, CFA

9 Investment Analysts

2 Client Portfolio Managers

Documents & Resources

 

U.S. Value Yield is a bottom-up, low volatility strategy that combines a focus on high-quality securities, an emphasis on dividend-paying companies and a strategic use of convertibles to reduce both security-specific and total portfolio volatility.

  • We believe investing in high-quality businesses selling at a discount to fair value will generate superior risk-adjusted returns over time.
  • We believe downside protection is critical to producing long-term outperformance.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR*
U.S. Value Yield (gross) -7.22% -3.54% -3.54% 10.00% 8.95% 10.97%
U.S. Value Yield (net) -7.41% -4.31% -4.31% 9.08% 8.00% 9.94%
Standard Deviation --- --- 11.76% 8.39% 8.32% 9.62%
Sharpe Ratio --- --- -0.46 1.07 1.00 1.10
Russell 3000 Value -12.24% -8.58% -8.58% 7.01% 5.77% 11.12%
Excess Return 5.01% 5.04% 5.04% 2.99% 3.18% -0.15%
Tracking Error --- --- 3.43% 4.42% 4.15% 6.29%
Information Ratio --- --- 1.47 0.68 0.77 -0.02
Russell 1000 Value -11.72% -8.27% -8.27% 6.95% 5.95% 11.18%
Excess Return 4.50% 4.73% 4.73% 3.04% 3.00% -0.21%
Tracking Error --- --- 3.34% 4.13% 3.93% 6.04%
Information Ratio --- --- 1.41 0.74 0.76 -0.03

*Annualized

Sources: Frank Russell Co., 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. Value Yield Equity composite includes portfolios that invest in the securities of companies of all market capitalization sizes that appear to be undervalued in the market with a focus on income-generating securities of primarily medium and large capitalization companies. 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.

 

The Russell 3000® Index is a trademark/service mark of the Frank Russell Company. Russell® is trademark of the Frank Russell Company.