With more than $113 billion in assets under management and 200 institutional clients, American Century Investments is one of the world’s leading asset management firms. Founded in 1958 by James Stowers, Jr, the company offers a wide range of products and services across a variety of asset classes. It takes a long term view of investments which allows it to be closely aligned to stated investment objectives. American Century prides itself on a team-managed approach and contributes a significant share of profits towards cutting edge medical research.
Below we will share with you 5 top rated American Century funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all American Century funds, then click here.
American Century Ginnie Mae A (NASDAQ:BGNAX - News) invests heavily in GNMA securities. The fund may also purchase U.S. treasury securities and other instruments issued or guaranteed by the U.S. government and its agencies. The fund has a five year annualized return of 6.29%.
The Fund Manager is Robert Gahagan and he has managed this American Century mutual fund since 2006.
American Century High-Yield Municipal A (AYMAX) seeks current income which is not subject to federal income tax. The majority of its assets are utilized to purchase municipal securities and other debt instruments which provide high yields. It focuses on acquiring long term and intermediate term securities. The fund has a five year annualized return of 1.49%.
The American Century mutual fund has a minimum initial investment of $5,000 and an expense ratio of 0.86% compared to a category average of 1.02%.
American Century Balanced (NASDAQ:TWBIX - News) invests around 60% of its assets in equity and the balance in fixed income instruments such as bonds. The fund focuses on acquiring large cap domestic stocks and also purchases a wide range of government, corporate and asset backed securities of high to medium quality. The fund has a five year annualized return of 2.75%.
As of September 2011, this American Century mutual fund held 635 issues, with 2.46% of its total assets invested in Exxon Mobil Corporation.
American Century Diversified Bond (NASDAQ:ADFIX - News) seeks to provide significantly high income. The fund invests the majority of its assets in non-money debt instruments of high to medium quality. It may also invest in asset backed securities and derivatives. The fund has a five year annualized return of 6.84%.
The Fund Manager is Jeffrey V. Houston and he has managed this American Century mutual fund since 2001.
American Century Income & Growth (BIGRX) invests a large proportion of its assets in securities issued by large-cap publicly traded domestic companies. The fund aims to provide dividends exceeding returns from the S&P 500 index. The fund has a five year annualized return of -2.03%.
The American Century mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.69% compared to a category average of 1.23%.
To view the Zacks Rank and past performance of all American Century mutual funds, then click here.
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By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
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