ANREX — NT Global Real Estate Fund
Data updated: 2022-03-28
ANREX — NT Global Real Estate Fund. Emerging Markets Real Estate · $545.95M AUM · 1.11% expense ratio. Holdings, fees, performance and SEC filings.
ANREX Fund Overview
ANREX — NT Global Real Estate Fund is a US mutual fund managed by American Century Capital Portfolios INC, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Century Capital Portfolios INC
- Category: Emerging Markets Real Estate
- Assets under management: $545.95M
- 1-year return: 22.9%
- Ticker: ANREX
- SEC CIK: 0000908186
- SEC series ID: S000048193
- Share class ID: C000152352
ANREX Investment Objective and Strategy
NT Global Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Capital Portfolios INC.
Investment objective
The fund seeks high total investment return through a combination of capital appreciation and current income.
Principal investment strategy
Under normal market conditions, 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). A REIT invests primarily in income-producing real estate or makes loans to persons involved in the real estate industry. The portfolio managers consider a company to be engaged in the real estate industry if at least 50% of its revenues or 50% of the market value of its assets at the time the securities are purchased by the fund are attributed to the ownership, construction, management or sale of real estate. The portfolio managers look for real estate securities they believe will provide superior returns, focusing on companies with the potential for stock price appreciation, plus sustainable growth of cash flow to investors.
The portfolio managers use the following investment techniques to construct the portfolio: 1) top down investment research, 2) property sector research that allows the managers to allocate assets among securities with exposure to different segments of the real estate market, 3) bottom up fundamental stock research, and 4) benchmark sensitive portfolio construction that reflects the property sectors and regions, and the individual weights thereof, of the FTSE EPRA/NAREIT Global Index, part of the FTSE EPRA/NAREIT Global Real Estate Index Series. Of these techniques, the portfolio managers place particular emphasis on property sector research. These techniques also help the portfolio managers sell the stocks of companies whose fundamentals are no longer attractively priced. Because the funds investment strategy is concentrated in real estate securities, the fund may hold a relatively small number of security positions compared to other funds that hold securities in a broader range of industries.
The fund invests primarily in equity securities of companies located in developed countries world-wide (including the United States), but may also invest in emerging markets. Under normal market conditions, the fund will invest at least 40% (unless the portfolio managers deem market conditions unfavorable, in which case the fund would invest at least 30%) of its assets in securities of issuers located outside the United States. The fund will allocate its assets among at least three different countries (one of which may be the United States). The fund is not permitted to invest in securities issued by companies assigned the Global Industry Classification Standard (GICS) or the Bloomberg Industry Classification Standard (BICS) for the tobacco industry. The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
ANREX Performance
Total returns for ANREX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 22.9% |
| 3 years (annualised) | 12.0% |
ANREX Risk Information
Risk metrics for ANREX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.2%
ANREX Costs and Fees
ANREX costs about $111 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.11%
- Gross expense ratio: 1.12%
- Portfolio turnover: 159%
- Brokerage commissions: 11.69 bps of average net assets (SEC N-CEN)
ANREX Cashflows
Over the 12 months to 2022-01, NT Global Real Estate Fund had net outflows of $122.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-01 | −$36.22M |
| 2021-12 | $23.69M |
| 2021-11 | −$11.62M |
| 2021-10 | $172.91K |
| 2021-09 | −$7.59M |
| 2021-08 | −$7.39M |
ANREX Debt Constituents
No individual debt constituents are reported in NT Global Real Estate Fund's latest SEC N-PORT filing.
ANREX Prospectus and SEC Filings
Official NT Global Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-19
- Portfolio holdings (N-PORT) — filed 2022-03-28
- Portfolio holdings (N-PORT) — filed 2021-12-21
- Portfolio holdings (N-PORT) — filed 2021-09-23
- Annual census (N-CEN) — filed 2022-01-07
- Annual census (N-CEN) — filed 2021-01-12
Related Funds
Other Emerging Markets Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.