With more than $121 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, investors can click here to see the complete list of funds.
American Century Large Company Value A (ALPAX) invests a large proportion of its assets in equity securities included in the Russell 1000 Index. The fund focuses on investing in large companies. It concentrates on purchasing stocks which are attractively priced relative to their underlying value. The fund has a three year annualized return of 13.54%.
The American Century mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.12% compared to a category average of 1.21%.
American Century Equity Growth (BEQGX) seeks capital appreciation over the long term. The fund invests the majority of its assets in large cap companies which are publicly traded in domestic stock markets. The fund has a three year annualized return of 16.48%.
As of March 2012, this American Century mutual fund held 150 issues, with 3.62% of its total assets invested in Apple, Inc.
American Century Global Gold A (ACGGX) utilizes a large proportion of its assets to purchase securities issued by gold companies. The fund may also invest in firms whose activities include mining, exploration, or processing of precious metals. The fund has a three year annualized return of 8.02%.
The Fund Manager is Lynette Pang and she has managed this American Century mutual fund since 2010.
American Century Vista A (TWVAX) seeks capital growth over the long term. The fund focuses on acquiring stocks of small and mid-cap companies whose value is expected to appreciate over time. It makes investment decisions based on analysis of individual companies rather than that of the economic scenario. The fund has a three year annualized return of 14.69%.
The American Century mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.25% compared to a category average of 1.37%.
American Century Balanced (TWBIX) 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 three year annualized return of 12.61%.
The Fund Manager is G. David MacEwen and he has managed this American Century mutual fund since 2005.
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.
About Zacks Mutual Fund Rank
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.
More From Zacks.com