Why American Century Utilities Inv Fund (BULIX) Worth Another Look?
American Century Utilities Inv Fund (BULIX) seeks current income and long term capital growth. BULIX mainly invests 80% of its assets in stocks of companies engaged in the utilities industry. Within this 80% category, the managers will not buy shares of a company unless 50% or more of the company's revenues or net profits come from the ownership or operation of facilities used to provide electricity, natural gas, telecommunications services, cable television, water or sanitary services. The fund may also invest up to 20% of its total assets in fixed-income securities.
This Sector - Utilities product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 11.2% and 5 year 12.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
BULIX’s performance, as of the last filing, when compared to funds in its category was in the top 53% over the past 1 year, and in the top 8% over the past 3 years and in the top 9% over the past 5 years.
The American Century Utilities Inv Fund, as of the last filing, allocates its fund in top three markets: Intermediate Bond, Large Growth and Small Value. Further, as of the last filing, Verizon Communications In, At&T Inc and Duke Energy Corp were the top holdings for BULIX.
This Zacks Rank #1 (Strong Buy) was incepted in March 1993 and is managed by American Cent . BULIX carries an expense ratio of 0.68% and requires a minimal initial investment of $2,500.
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