American Century Income & Growth InvBIGRX

Morningstar Rating

Fund Research and Analysis

by Karin Anderson

Income-hungry investors need patience to succeed with American Century Income & Growth.

John Schniedwind has kept watch over this fund since its 1990 inception, and most of the quantitative analysts on his team have been monitoring the fund together for more than 10 years. Read more

Kudos

Long-term performance is competitive with the S&P 500 and category peers.

Low expenses.

Experienced management team. Read more

Risks

Lousy relative performance in true value markets.

Keeps more money in growth-oriented sectors, such as software, hardware, and health care, than other value funds because it likes to stay close to the sector weightings of the S&P 500.

Won't knock your socks off in any one year or market cycle.

The market has a way of catching up with quantitative models. It's a challenge keeping them ahead of the curve. Read more

Strategy

Like its sibling American Century Equity Growth BEQGX, this fund keeps its sector and market-cap weightings close to the S&P 500 Index's and uses quantitative models to pick stocks based on valuations and a host of growth, momentum, and earnings-quality factors. Read more

Management

John Schniedwind and Kurt Borgwardt are the day-to-day portfolio managers. Several quantitative analysts help with the fund's models. Read more

Inside Scoop

Quantitative models have done a solid job picking this fund's stocks over the long term. The models don't permit big bets, so the fund's risk and behavior are a lot like the S&P 500's. Read more

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