14 important things you should know about American Century Investments ASQIX mutual fund

Updated: Last Sunday
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Before we start: if you’re looking for ASQIX “stock” price, you can quickly find it out by visiting Finny and typing "ASQIX quote". If you’re looking for a quick scoop on ASQIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ASQIX". You’ll get all this info in one place.

Are you looking to buy or sell ASQIX? Or perhaps you’re looking for ASQIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ASQIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ASQIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ASQIX buy or sell; the pros and cons of investing in ASQIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ASQIX.

And here is the list of questions we’ll answer:

  1. Describe American Century Quantitative Equity Funds, Inc: Small Company Fund; Investor Class Shares (ASQIX).
  2. What are ASQIX holdings?
  3. What is ASQIX performance? What are ASQIX historical returns?
  4. How many up and down years did ASQIX have historically?
  5. What is ASQIX dividend yield?
  6. What is ASQIX minimum initial investment amount?
  7. What is ASQIX expense ratio?
  8. Does ASQIX have any sales loads or 12b-1 distribution expenses?
  9. What is ASQIX tax efficiency (tax-cost ratio)?
  10. What is ASQIX beta? How would you assess ASQIX risk?
  11. What is ASQIX Sharpe ratio?
  12. What is ASQIX Finny Score? ASQIX buy or sell?
  13. What are the pros of investing in ASQIX? What are ASQIX buy reasons?
  14. What are the cons of investing in ASQIX? What are ASQIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Century Quantitative Equity Funds, Inc: Small Company Fund; Investor Class Shares (ASQIX).

The Fund seeks long term capital growth by investing primarily in stocks of small companies. Under normal market conditions, the fund will invest at least 80% of its assets in stocks of smaller-capitalization U.S. companies, market capitalization not greater than that of the largest company in the Russell 2000 Index.

2. What are ASQIX top holdings?

ASQIX has 280 stock holdings and 0 bond holdings.

The top 10 holdings represent 12.49% of total assets. Here are the top holdings:

Name Symbol % Assets
E-Mini Russ 2000 Jun20 Xcme 20200619 N/A 2.93%
Cogent Communications Holdings Inc CCOI 1.60%
Maximus Inc MMS 1.15%
J2 Global Inc JCOM 1.12%
Cirrus Logic Inc CRUS 1.09%
Quidel Corp QDEL 0.93%
AMN Healthcare Services Inc AMN 0.92%
NovoCure Ltd NVCR 0.92%
NuVasive Inc NUVA 0.92%
Freshpet Inc FRPT 0.91%

3. What is ASQIX performance? What are ASQIX historical returns?

ASQIX has generated the following returns:

  • 1-month return is 7.41%;
  • 3-month return is -20.63%;
  • 1-year return is -16.29%;
  • 3-year return is -3.95%;
  • 5-year return is -0.55%;
  • 10-year return is 6.96%;
  • 15-year return is 4.05%.

4. How many up and down years did ASQIX have historically?

In the last 10 years, ASQIX had 7 up years and 3 down years.

5. What is ASQIX dividend yield?

ASQIX yield is 0.34%.

6. What is ASQIX minimum initial investment amount?

ASQIX minimum initial investment amount is $3.00K.

7. What is ASQIX expense ratio?

ASQIX expense ratio is 0.87%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does ASQIX have any sales loads or 12b-1 distribution expenses?

ASQIX 12b-1 distribution fee is 0. ASQIX front-end sales load is 0. ASQIX back-end sales load is 0.

9. What is ASQIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.15%;
  • 3-year ax cost ratio is 1.41%.

10. What is ASQIX beta? How would you assess ASQIX risk?

  • 3-year beta is 1.32;
  • 5-year beta is 1.28;
  • 10-year beta is 1.26.

11. What is ASQIX Sharpe ratio?

  • 3-year Sharpe ratio is -0.40;
  • 5-year Sharpe ratio is -0.16;
  • 10-year Sharpe ratio is 0.36.

Analysis

12. What is ASQIX Finny Score? ASQIX buy or sell?

ASQIX Finny Score is 10. Our quantitative analysis shows 1 reason to buy ASQIX and 9 reasons to sell it, resulting in the Finny Score of 10.

13. What are the pros of investing in ASQIX? What are ASQIX buy reasons?

The following are ASQIX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in ASQIX? What are ASQIX negatives?

The following are ASQIX weaknesses from our perspective:

  • ASQIX net assets are $462.70 million. This fund is not a popular choice with retail investors.
  • ASQIX 3-year return is -3.95%, which is lower than the 3-year return of the benchmark index (Russell 2000 TR USD), -0.13%.
  • ASQIX 5-year return is -0.55%, which is lower than the 5-year return of the benchmark index (Russell 2000 TR USD), 2.93%.
  • ASQIX 10-year return is 6.96%, which is lower than the 10-year return of the benchmark index (Russell 2000 TR USD), 8.86%.
  • ASQIX 15-year return is 4.05%, which is lower than the 15-year return of the benchmark index (Russell 2000 TR USD), 6.93%.
  • ASQIX expense ratio is 0.87%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • ASQIX 3-year Beta is 1.32, which is higher than the index (S&P 500 TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • ASQIX 5-year Beta is 1.28, which is higher than the index (S&P 500 TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • ASQIX 10-year Beta is 1.26, which is higher than the index (S&P 500 TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
In the ASQIX review, we covered ASQIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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