American Century Value InvTWVLX

Morningstar Rating

Fund Research and Analysis

by Gregg Wolper

American Century Value's strategy gives it a solid chance to outperform over time.

Managers Phil Davidson, Michael Liss, and Kevin Toney focus on companies with strong financial foundations. Unlike their similar sibling, American Century Equity Income TWEIX, this fund does not require that its stocks pay dividends. Read more

Kudos

Experienced management.

Solid long-term record. Read more

Risks

Unwilling to own growth-oriented stocks, unlike some value-oriented rivals, so could lag those rivals when growth leads the way.

Poor tax efficiency means the fund is best held in tax-advantaged accounts. Read more

Strategy

The managers employ an all-cap approach, looking for stocks that are cheap on measures such as dividends, cash flow, earnings, and book value. They like leading companies and don't like those with a lot of debt. Read more

Management

Phil Davidson has been a manager of this fund since its 1993 inception. Before that, he spent 11 years as a manager for Boatmen's Trust Company. Michael Liss, who served as one of this fund's analysts since 1998 was named a comanager in early 2004. Kevin Toney was named comanager in 2008. Read more

Inside Scoop

This is a straightforward value fund that focuses primarily on big companies but has more than a smattering of mid-caps and smaller stocks, too. Read more

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