Fund Evaluator:

American Century Focused Dynamic Gr G Overview

American Century Focused Dynamic Gr G (ACFGX) is an actively managed U.S. Equity Large Growth fund. American Century Investments launched the fund in 2019.

The investment seeks long-term capital growth. The portfolio managers look for stocks of early and rapid stage growth companies they believe will increase in value over time. The portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of companies that meet their investment criteria. Under normal market conditions, the portfolio managers seek securities of companies whose earnings or revenues are not only growing, but growing at an accelerated pace.

About American Century Focused Dynamic Gr G (ACFGX)

There are 3 members of the management team with an average tenure of 4.11 years: John Rabroker (2024), Yeon Hee Oh (2026), Keith Lee (2016). 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 Focused Dynamic Gr G has 46 securities in its portfolio. The top 10 holdings constitute 67.9% 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 Focused Dynamic Gr G is part of the Equity global asset class and is within the U.S. Equity fund group. American Century Focused Dynamic Gr G has 6.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.6%. There is 6.0% 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 Focused Dynamic Gr G has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $645 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.

ACFGX 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 Focused Dynamic Gr G expense ratio is low compared to funds in the Large Growth category. American Century Focused Dynamic Gr G has an expense ratio of 0.00%, which is 100% 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 Focused Dynamic Gr G has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of June 2026, American Century Focused Dynamic Gr G returned -4.9%, which earned it a grade of F, as the Large Growth category had an average return of -1.3%. 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 Focused Dynamic Gr G has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually.

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 Focused Dynamic Gr G Grades

Year to date, the fund has returned 4.9%, 2.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 21.9% over the past year (grade of A), 25.8% over the past three years (grade of A) and 9.7% per year over the past five years (grade of C) and 19.9% per year over the past 10 years (grade of A).

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