American Century Giftrust InvTWGTX

American Century Giftrust doesn't have any appeal.

This fund is structured as an irrevocable trust. Once purchased, it can't be sold for 18 years, unless special steps are taken. It was designed to be bought for young children in the days before other college-savings vehicles became common.  Read more 

At one time, this fund focused on small caps, but management abandoned that mandate and dedicated the bulk of the portfolio to mid-cap stocks. Then in March 2009, the fund changed its benchmark to the Russell 3000 Growth Index, an all-cap index heavy on big stocks.  Read more 

In March 2009, Michael Orndorff, who'd been an analyst on this fund's five-person analyst/manager team, was named a manager, and Greg Walsh, who had been named a manager just over a year earlier, reverted back to an analyst. David Hollond, who had taken charge of this fund in February 2007 when David Rose left after a two-year stint at the helm, remains a manager.  Read more 

This fund changed from a mid-cap to an all-cap mandate heavy on big stocks in March 2009. The fund's structure puts constrictions on shareholders.  Read more