Fund Facts  

Inception Date: Sep 21, 1995
CUSIP: 025076886
Ticker Symbol: REACX
Morningstar Category:Real Estate
As of Sep 30, 2022
Fund Net Assets ($millions) $716

Documents for Fund or Underlying Fund(s)  



The investment seeks high total investment return through a combination of capital appreciation and current income.

Principal Investment Strategies  

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. 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.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.


Performance & Expenses

Standard Performance As of Sep 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
American Century® Real Estatea-10.87%-27.86%-15.62%-1.99%3.55%5.95%9.30%
FTSE NAREIT All Equity REITs Indexa,b-10.83%-27.93%-16.27%-1.10%4.10%6.99%N/A
Morningstar Real Estatea,c-10.66%-28.62%-18.47%-1.96%2.56%5.64%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at, or institutions can go to

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses1.14%
Net Expenses1.14%


a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The FTSE NAREIT Equity REIT Index is an index of publicly traded REITs that own commercial property.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.


Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 20, 2022Sep 20, 2022$0.185000000
Jun 21, 2022Jun 21, 2022$0.149800000
Mar 22, 2022Mar 22, 2022$0.078700000
Dec 21, 2021Dec 21, 2021$3.536900000
Sep 21, 2021Sep 21, 2021$0.138300000
Jun 22, 2021Jun 22, 2021$0.153200000
Mar 23, 2021Mar 23, 2021$0.067800000
Dec 22, 2020Dec 22, 2020$0.132300000
Sep 22, 2020Sep 22, 2020$0.128100000
Jun 16, 2020Jun 16, 2020$0.136600000
Mar 10, 2020Mar 10, 2020$0.062300000
Dec 20, 2019Dec 20, 2019$2.213800000
Sep 17, 2019Sep 17, 2019$0.159400000
Jun 18, 2019Jun 18, 2019$0.147700000
Mar 19, 2019Mar 19, 2019$0.080700000
Dec 20, 2018Dec 20, 2018$0.194000000
Dec 18, 2018Dec 18, 2018$1.131100000
Sep 18, 2018Sep 18, 2018$0.192300000

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 3 Stars234
3-Year 3 Stars234
5-Year 3 Stars206
10-Year 3 Stars150

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Allocation of Assets As of Jun 30, 2022
Type of Asset Percent
Fixed Income0%

Due to rounding, percentages shown may not add up to 100%.



Allocation of Assets As of Jun 30, 2022
Asset ClassPercent
Domestic Stock98.8%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond0.0%

Due to rounding, percentages shown may not add up to 100%.


Top Ten Holdings As of Jun 30, 2022
Holding NamePercent
American Tower Corp11.2%
Prologis Inc9.2%
Public Storage5.7%
Welltower OP LLC5.1%
Equinix Inc5.0%
Camden Property Trust3.8%
Realty Income Corp3.6%
Digital Realty Trust Inc3.5%
Agree Realty Corp3.5%
Equity Lifestyle Properties Inc3.4%


Portfolio Statistics As of Sep 30, 2022
Standard Deviation22.0819.02



American Century® is a registered trademark of American Century Services Corporation.


Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at

The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.