American Century Growth InvTWCGX

Morningstar Rating

Fund Research and Analysis

by Gregg Wolper

American Century Growth is worth a look.

Unlike many American Century stock funds, this one's managers have been in place a long time. One, Greg Woodhams, has been a manager since 1998; the other, Prescott LeGard, since 2000. They haven't been the only managers over that span, but they've played key roles in making investment decisions for the bulk of that time. Read more

Kudos

Experienced, long-tenured management.

Volatility has been relatively modest for a growth fund. Read more

Risks

Fund's practice of staying fully invested and dedication to large-growth stocks means it will suffer when such issues struggle.

Departure of growth CIO in 2009 and replacement by one of this fund's managers raises some uncertainty.

Strategy

Management screens for companies with accelerating earnings-growth rates and favors those that can continue to deliver improving rates of growth. While quantitative screens play a significant role here, so does traditional fundamental analysis of a company's position and prospects. Read more

Management

Greg Woodhams and Prescott LeGard were named comanagers here in mid-1998 and mid-2000, respectively. They have served as sole managers since early 2005. Woodhams was named CIO of large-growth funds in April 2009. They work with a team of four analysts dedicated specifically to this fund. Read more

Inside Scoop

This fund's managers have long tenures on the fund, which is not common among American Century's domestic-stock funds. It stays in the large-growth style box. Read more

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