American Century Investments is a global asset management firm with more than $123 billion in assets and 200 institutional clients. Founded in 1958 by James Stowers, Jr, the company offers a wide range of products and services across a variety of investment styles and asset classes. The company takes a long term view of investments which allows it to be aligned to client interests and its stated investment objectives. American Century prides itself on a team-managed approach and contributes a significant share of its 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, investors can click here to see the complete list of funds.
American Century Global Gold (BGEIX) seeks capital growth and dividends. The fund purchases securities issued by companies whose principal operations involve mining, processing and distributing gold and precious metals. This non-diversified fund has a three year annualized return of 10.47%.
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 1.41%.
American Century Growth (TWCGX) focuses on purchasing growth oriented stocks whose value is projected to increase over time. These are primarily those issued by large cap companies. It utilizes analytical methods to identify the stocks which meet its specifications. The fund has a three year annualized return of 12.42%.
As of September 2012, this American Century mutual fund held 122 issues, with 8.88% of its total assets invested in Apple Inc.
American Century Value (TWVLX) seeks long term capital growth with a secondary objective of income. The fund’s portfolio consists of stocks which are currently attractively priced relative to their underlying value. These stocks are not sold until they are equal to or higher than a price which indicates the fair value of the firm. The fund has a three year annualized return of 11.26%.
The Fund Manager is Phillip Davidson and he has managed this American Century mutual fund since 1993.
American Century Equity Income A (TWEAX) invests the majority of its assets in firms with a good track record of income paying history. These income flows must continue steadily or increase over time. The fund has a three year annualized return of 10.99 %.
The American Century mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.20% compared to a category average of 1.19%.
American Century High-Yield (ABHIX) seeks current income with a secondary objective of capital growth. A large share of the fund’s assets is utilized to purchase high-yield corporate bonds and other debt securities. Not more than 40% of its assets are invested in foreign fixed income securities. The fund has a three year annualized return of 11.16%.
The Fund Manager is G. David MacEwen and he has managed this American Century mutual fund since 2008.
To view the Zacks Rank and past performance of all American Century mutual funds, investors can click here to see the complete list of funds.
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