With more than 45 years of domain experience., American Century Investments is a global asset management firm with more than $109 billion in assets and 200 institutional clients. Founded in 1958 by James Stowers, Jr, 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 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.
American Century Intermediate-Term Tax Free Bond (TWTIX) seeks current income exempt from federal income tax along with safety of principal invested. The fund invests the majority of its assets in debt instruments whose interest payments are exempt from federal income tax. The fund has a three year annualized return of 3.98%.
The Fund Manager is Steven Permut and he has managed this American Century mutual fund since 2003.
American Century Inflation-Adjusted Bond (ACITX) invests a large proportion of its assets in inflation-adjusted securities. These include inflation indexed securities issued by the U.S. government and its agencies as well as foreign corporate bonds. The fund returned 7.22% over the last one year period.
The American Century mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.48% compared to a category average of 0.85%.
American Century Equity Income (TWEIX) seeks current income with a secondary objective of capital growth. The fund invests primarily in equity securities with proven track records of paying out regular dividends. The fund seeks out securities which are undervalued and whose price is expected to rise appreciably. The equity income mutual fund has a five year annualized return of 4.14%.
As of March 2011, this equity income mutual fund held 69 issues, with 3.94% of its total assets invested in ExxonMobil Corporation.
American Century Small Cap Growth A (ANOAX) invests a large proportion of its assets in small-cap companies. The companies invested in must have market capitalizations smaller than the largest company in the Russell 2000 Growth Index. The fund returned 33.14% over the last one year period.
Stafford Southwick is the fund manager and has managed this American Century mutual fund since 2001.
American Century International Discovery A (ACIDX) seeks capital appreciation. The fund invests the majority of its assets in foreign small and mid-cap firms. Common and preferred stock and related convertible securities constitute its major investments. The fund invests in both mature economies and developing markets. The fund has a ten year annualized return of 8.91%.
The American Century mutual fund has an expense ratio of 1.68% compared to a category average of 1.63%.
To view the Zacks Rank and past performance of all American Century mutual funds, then click here.