Multi-Asset Real Return

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
Mutual Fund
Investment Universe N/A
Benchmark Bloomberg Barclays U.S. TIPS Index
Inception Date 06/01/2010
Total Assets $12.34 MM

INVESTMENT TEAM

tooltip
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.

Documents & Resources

N/A

 

American Century Investments' Multi-Asset Real Return offers a comprehensive approach to inflation protection by investing in a mix of asset classes with the objective of hedging portfolios against multiple sources of inflation.

We believe that investing in a basket of diverse asset classes that historically have had low or negative correlation to the broad market can provide a holistic inflation solution while providing a more complete hedge against inflation than our competitors. As part of a broad asset allocation, the Multi-Asset Real Return strategy may help protect an investment portfolio against inflationary environments.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* Since Inception*
Multi-Asset Real Return (gross) -7.79% -3.48% -3.48% 4.76% 0.86% 1.83%
Multi-Asset Real Return (Net) -8.01% -4.40% -4.40% 3.71% -0.18% 0.72%
Standard Deviation --- --- 8.21% 5.93% 5.61% 6.39%
Sharpe Ratio --- --- -0.65 0.64 0.05 0.23
Bloomberg Barclays US Treasury Inflation Protected Notes (TIPS)1 -0.42% -1.26% -1.26% 2.11% 1.69% 2.61%
Excess Return -3.55% 0.22% 0.22% 3.17% 2.50% 1.49%
Tracking Error --- --- 5.50% 3.68% 2.97% 2.44%
Information Ratio --- --- 0.04 0.86 0.84 0.61
MARR BSR Blended Benchmark2 -0.42% -1.26% -1.26% 2.03% -1.38% 0.48%
Excess Return -7.37% -2.22% -2.22% 2.73% 2.24% 1.34%
Tracking Error --- --- 7.91% 5.01% 3.96% 3.14%
Information Ratio --- --- -0.28 0.54 0.57 0.43

*Annualized

Sources: Bloomberg Index Services Ltd, 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.

1 The stated benchmark for the Multi-Asset-Real Return composite is the Barclays U.S. Treasury 1-3 Month T-Bill.

Custom benchmark composition: 45% Barclays U.S. 1-5 Year TIPS 7.5% S&P North American Natural Resources, 7.5% S&P GSCI Total Return, 25% Custom Non-Dollar Benchmark (based on inverse of Federal Reserve Trade-Weighted U.S. Dollar Index), 10% MSCI AC World IMI/Real Estate, and 5% LBMA London PM Gold Fixing.

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

Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation. 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.

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®. Strategic Inflation Protection invests in asset classes that have historically acted as a hedge to inflation and tactically adjust exposure to these asset classes based on economic and market conditions. Asset classes include inflation-linked bonds, non-U.S. dollar investments and commodity-related investments and global REITs. Additional asset classes may be included either strategically or tactically based on the appropriateness of the category given the objective of the strategy. Each asset class is managed by a team of investment professionals with specialized expertise in the asset class.

©2018 Standard & Poor's Financial Services LLC. All rights reserved. For intended recipient only. No further distribution and/or reproduction permitted. Standard & Poor's Financial Services LLC ("S&P") does not guarantee the accuracy, adequacy, completeness or availability of any data or information contained herein and is not responsible for any errors or omissions or for the results obtained from the use of such data or information. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE IN CONNECTION TO THE DATA OR INFORMATION INCLUDED HEREIN. In no event shall S&P be liable for any direct, indirect, special or consequential damages in connection with recipient's use of such data or information.

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.