ASIOX — Multi-Asset Real Return Fund
Data updated: 2020-11-24
ASIOX — Multi-Asset Real Return Fund. Inflation Hedge Allocation · $8.62M AUM · 0.93% expense ratio. Holdings, fees, performance and SEC filings.
ASIOX Fund Overview
ASIOX — Multi-Asset Real Return Fund is a US mutual fund managed by American Century Quantitative Equity Funds, Inc., categorised as Inflation Hedge Allocation. 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 Quantitative Equity Funds, Inc.
- Category: Inflation Hedge Allocation
- Assets under management: $8.62M
- 1-year return: 3.3%
- Ticker: ASIOX
- SEC CIK: 0000827060
- SEC series ID: S000028150
- Share class ID: C000086055
ASIOX Investment Objective and Strategy
Multi-Asset Real Return Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Quantitative Equity Funds, Inc..
Investment objective
The fund seeks total real return.
Principal investment strategy
The funds asset allocation strategy seeks to diversify its investments among equity securities, debt securities, U.S. Treasury inflation-indexed securities, commodity-related investments and real estate-related investments, all in an effort to provide investors total real return. Total real return is total return reduced by the expected impact of inflation. The funds investment strategy has been designed in an effort to protect the funds investors from the effects of rising U.S. inflation. The portfolio managers will regularly review the funds asset mix and adjust the allocation among asset classes as necessary to provide the fund what they believe is the most favorable outlook for achieving the funds objective. By adjusting the allocation among asset classes the portfolio managers can moderate risks associated with each asset category.
The fund may invest a portion of its assets in equity securities of U.S. or foreign issuers, including issuers located in emerging markets. Equity securities include common stock, preferred stock, and equity-equivalent securities, such as convertible securities, stock futures contracts or stock index futures contracts. To help protect against U.S. inflation, the fund may invest a portion of its assets in inflation-indexed debt securities. These securities include inflation-indexed U.S. Treasury securities, inflation-indexed securities issued by U.S. government agencies and instrumentalities other than the U.S. Treasury, and inflation-indexed securities issued by other entities such as corporations. The fund may also protect against inflation by entering into inflation swaps. The portfolio managers may also purchase other debt securities that are not linked to inflation.
These debt securities may be payable in U.S. or foreign currencies, including emerging markets debt, and may include securities that are rated below investment grade (also known as high-yield securities or junk bonds). The fund may also invest in bank loans and mortgage- or asset-backed securities (including collateralized debt obligations). The fund also may invest a portion of its assets in commodity-related investments. Commodities are assets that have tangible properties, such as oil, metals and agricultural products. Under normal market conditions, the funds commodity-related investments will be allocated between equity securities of U.S. and foreign companies engaged in commodity-related businesses and investments that provide investment exposure to underlying investible commodities, such as commodity-linked notes and exchange traded funds (ETFs).
The fund may also invest a portion of its assets in global real estate-related investments by investing in real estate investment trusts (REITs), REIT ETFs and equity securities issued by companies engaged in the real estate industry. A company is considered a real estate company if, in the opinion of the portfolio managers, 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 fund may invest in derivative instruments for both hedging and non-hedging (i.e., to enhance returns) purposes. The fund's derivative instruments may include futures contracts, options, swaps, and forward currency contracts, including non-deliverable forwards (NDFs).
When entering into derivatives positions, the fund will be required to segregate assets to cover such obligations at levels consistent with the guidance of the SEC. The fund intends to actively manage currency exposure through a currency overlay strategy. The currency overlay strategy is intended to enhance returns by increasing exposure to a foreign currency or shifting exposure to the fluctuations in the value of foreign currencies from one foreign currency to another foreign currency. This strategy may use a combination of foreign currency forward contracts and NDFs. To gain exposure to the various asset classes, the fund may invest in varying combinations of unaffiliated funds such as ETFs, securities and other financial instruments. The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
A higher portfolio turnover rate may indicate higher transaction costs and may affect the funds performance. Higher portfolio turnover also may result in the realization and distribution of capital gains, including short-term capital gains.
ASIOX Performance
Total returns for ASIOX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.3% |
ASIOX Risk Information
Risk metrics for ASIOX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.6%
ASIOX Costs and Fees
ASIOX costs about $93 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.93%
- Gross expense ratio: 0.93%
- Portfolio turnover: 241%
- Brokerage commissions: 4.01 bps of average net assets (SEC N-CEN)
ASIOX Cashflows
Over the 12 months to 2020-09, Multi-Asset Real Return Fund had net outflows of $3.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-09 | −$220.77K |
| 2020-08 | −$442.57K |
| 2020-07 | −$556.07K |
| 2020-06 | −$392.05K |
| 2020-05 | −$54.50K |
| 2020-04 | −$83.69K |
ASIOX Debt Constituents
No individual debt constituents are reported in Multi-Asset Real Return Fund's latest SEC N-PORT filing.
ASIOX Prospectus and SEC Filings
Official Multi-Asset Real Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-11-15
- Prospectus (485BPOS) — filed 2018-11-15
- Prospectus supplement (497) — filed 2018-08-15
- Portfolio holdings (N-PORT) — filed 2020-11-24
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-27
- Annual census (N-CEN) — filed 2020-09-01
- Annual census (N-CEN) — filed 2019-09-10
Related Funds
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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.