American Century Equity Income Fund Q1 2025 Commentary

American Century Investments is a leading asset manager focused on offering investment results and building relationships to long -term customers while supporting research that can improve health and save lives. Note: This account is not administered or monitored by American Century Investments, and any message sent through the search for Alfa will not receive an answer. For consultations or communication, use the official American Century Investments channels.

Q1 2025 Performance Highlights

The Investor Class V Y‑Early saw a +4.68% return for Q1 ending March 31, 2025

Portfolio Strategy & Manager Insight

• The team focuses on companies “where we believe valuation and relative rate of return do not reflect the quality and normal earnings power of the company”

• Emphasis remains on high-quality, income-generating equities, supported by a diversified mix of large-cap stocks, convertible securities, and selective bonds/preferreds.

Asset Allocation & Top Holdings

• Approx. 78% U.S. stocks, ~14% bonds, ~5% other or cash capitalgroup.com+7ycharts.com+7morningstar.com+7.

• Leading holdings include Johnson & Johnson (4.8%), Enterprise Products (3.3%), Medtronic (3.0%), Becton Dickinson (2.8%), and JPMorgan Chase (2.7%)

Market Context

• While broader U.S. equities experienced volatility in Q1 (markets even entering corrective territory), equity‑income and balanced funds generally outperformed benchmarks

Related Content Ideas

1. “Under the Hood” Investor Guide
   A detailed article explaining the fund’s approach to selecting income-generating equities and preferreds, and how this mix supports both yield and capital protection in varying market cycles.

2. Infographic: Asset Mix Breakdown
   Visual content detailing Q1 allocation: a pie chart for stocks/bonds/cash, call-outs for top 5 holdings, and a performance timeline.

3. Sector & Style Attribution Commentary
   A breakdown of Q1 contribution by sector (e.g., healthcare vs. financials), plus how value-oriented positioning added alpha relative to peers.

4. Podcast Episode Script
   Host and portfolio manager dialogue: cover market conditions, stock selection strategy, target investor profiles, and how convertible instruments enhance income.

5. Social Media Series
   Short posts—e.g., “Did you know?” style facts: “In Q1, the fund gained 4.7% while maintaining ~78% exposure to U.S. equities” —with graphic templates to increase engagement.