American Century Large Co Val InvALVIX

Morningstar Rating

Fund Research and Analysis

by Gregg Wolper

American Century Large Company Value doesn't impress.

First, it should be noted that the fund's investment process is reasonable enough. It uses a detailed and comprehensive research approach, combining quantitative methods with fundamental analysis by a small group of managers and in-house analysts. Read more

Kudos

Straightforward approach.

Experienced management. Read more

Risks

Tendency to own the giants puts fund at a disadvantage when such fare lags.

Similarity of portfolio to benchmark index makes it tougher to substantially outperform. Read more

Strategy

Management begins with quantitative screens, looking for stocks that rank in the cheapest 30% of its large-cap universe. Its valuation model incorporates measures such as price/cash flow and dividends. Read more

Management

Charles Ritter has managed this fund since its 1999 inception. Before coming to American Century, he had worked at Federated Investors for more than a decade. Comanager Brendan Healy joined American Century, and this fund, in 2000. The duo also manages American Century Capital Value ACTIX in a nearly identical manner. Read more

Inside Scoop

This fund, whose managers have long tenures at the helm, uses a straightforward value approach and focuses mainly on very large U.S. companies. Its benchmark is the Russell 1000 Value Index. Read more

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