American Century Investments is a global asset management firm with more than $113 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 Equity Growth (BEQGX) invests the majority of its assets in equity securities. The fund focuses on investing in large-cap domestic companies, securities of which are traded publicly. The fund has a ten year annualized return of 4.88%.
The Fund Manager is William Martin and he has managed this American Century mutual fund since 1997.
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 ten year annualized return of 7.68%.
The American Century mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.79% compared to a category average of 1.16%.
American Century Global Growth A (AGGRX) focuses on investing in mature economies across the globe, including the United States. The fund aims at acquiring securities of companies whose earnings or revenues are growing rapidly. The fund has a ten year annualized return of 6.7%.
As of September 2011, this American Century mutual fund held 97 issues, with 4.17% of its total assets invested in Apple, Inc.
American Century Inflation-Adjusted Bond (ACITX) seeks to provide protection against inflation as well as total return. The fund utilizes a large proportion of its assets to purchase instruments which are inflation adjusted. Not more than 20% of its assets may be invested in securities which are not inflation indexed. The fund has a ten year annualized return of 6.96%.
The Fund Manager is Robert Gahagan and he has managed this American Century mutual fund since 2001.
American Century Select (TWCIX) invests in large-cap companies whose value is projected to rise in the future. The fund primarily invests in firms whose revenues or earnings are growing at an extremely rapid pace. The fund has a ten year annualized return of 3.36%.
The American Century mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.00% compared to a category average of 1.28%.
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.
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