AVDAX — Adaptive Equity Fund
Data updated: 2020-01-08
AVDAX — Adaptive Equity Fund. Emerging Markets Blend / Core Equity · $84.76M AUM · 1.41% expense ratio. Holdings, fees, performance and SEC filings.
AVDAX Fund Overview
AVDAX — Adaptive Equity Fund is a US mutual fund managed by American Century Mutual Funds, Inc., categorised as Emerging Markets Blend / Core Equity. 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 Mutual Funds, Inc.
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $84.76M
- Ticker: AVDAX
- SEC CIK: 0000100334
- SEC series ID: S000006196
- Share class ID: C000174977
AVDAX Investment Objective and Strategy
Adaptive Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Mutual Funds, Inc..
Investment objective
The fund seeks long-term capital growth.
Principal investment strategy
Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities. Equity securities include common stock, preferred stock and equity equivalents. The fund may change this 80% policy only upon 60 days prior written notice to shareholders. The fund uses an approach to common stock investing developed by the funds investment advisor. This approach relies heavily on quantitative tools to identify attractive investment opportunities, regardless of company size, industry type or geographic location, on a disciplined, consistent basis. The portfolio managers use these quantitative tools to rank stocks from most attractive to least attractive in a model that uses factors that the advisor believes are predictive of a stocks performance. These factors can be classified into categories related to general market conditions and those based on stock specific criteria.
Factors related to general market conditions help determine the importance of the stock specific criteria, which may include those related to valuation, quality, growth and sentiment. The managers also use portfolio optimization to provide a balance between risk and expected return. In addition to investing in U.S. companies, the fund may invest in securities of foreign companies, including companies located in emerging markets when these securities meet the portfolio managers standards of selection. 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. A description of the policies and procedures with respect to the disclosure of the funds portfolio securities is available in the statement of additional information.
AVDAX Costs and Fees
AVDAX costs about $141 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.41%
- Gross expense ratio: 1.41%
- Portfolio turnover: 85%
- Brokerage commissions: 5.07 bps of average net assets (SEC N-CEN)
AVDAX Cashflows
Over the 12 months to 2019-10, Adaptive Equity Fund had net outflows of $12.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-10 | −$9.37M |
| 2019-09 | −$2.30M |
| 2019-08 | −$1.18M |
AVDAX Debt Constituents
No individual debt constituents are reported in Adaptive Equity Fund's latest SEC N-PORT filing.
AVDAX Prospectus and SEC Filings
Official Adaptive Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Emerging Markets Blend / Core Equity 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.