Fund Evaluator:

American Century Growth R5 Overview

American Century Growth R5 (AGWUX) is an actively managed U.S. Equity Large Growth fund. American Century Investments launched the fund in 2017.

The investment seeks long-term capital growth. The fund invests in stocks of companies that the adviser believes will increase in value over time. The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Normally, the fund's portfolio will primarily consist of securities of companies demonstrating business improvement. Although the portfolio managers intend to invest the fund's assets primarily in U.S. securities, the fund may invest in securities of foreign companies when these securities meet the portfolio managers' standards of selection.

About American Century Growth R5 (AGWUX)

There are 2 members of the management team with an average tenure of 3.25 years: Scott Marolf (2020), DJ Cross (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. American Century Growth R5 has 84 securities in its portfolio. The top 10 holdings constitute 53.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Century Growth R5 is part of the Equity global asset class and is within the U.S. Equity fund group. American Century Growth R5 has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.9%. There is 2.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Century Growth R5 has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $6 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AGWUX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Century Growth R5 expense ratio is above average compared to funds in the Large Growth category. American Century Growth R5 has an expense ratio of 0.63%, which is 34% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Century Growth R5 has a portfolio turnover rate of 38%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of July 2026, American Century Growth R5 returned -2.1%, which earned it a grade of B, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Century Growth R5 has a trailing yield of 0.00%, which is below the 0.06% category average.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Century Growth R5 Grades

Year to date, the fund has returned 2.6%, 1.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 10.5% over the past year (grade of B), 17.2% over the past three years (grade of C) and 9.9% per year over the past five years (grade of B) and 16.0% per year over the past 10 years (grade of B).

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