Fund Evaluator:

American Century Focused Lg Cap Val Inv Overview

American Century Focused Lg Cap Val Inv (ALVIX) is an actively managed U.S. Equity Large Value fund. American Century Investments launched the fund in 1999.

The investment seeks long-term capital growth; income is a secondary objective. Under normal market conditions, the portfolio managers will invest at least 80% of the fund’s assets in securities of large capitalization companies. For purposes of this 80% test, the advisors define large capitalization companies as those with capitalizations within the range of the Russell 1000® Index. In selecting stocks for the fund, the portfolio managers look for companies whose stock price may not adequately reflect the company’s value.

About American Century Focused Lg Cap Val Inv (ALVIX)

There are 4 members of the management team with an average tenure of 7.20 years: Kevin Toney (2020), Brian Woglom (2016), Philip Sundell (2019), Adam Krenn (2020). 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 Value TR USD index with a weighting of 100%. American Century Focused Lg Cap Val Inv has 51 securities in its portfolio. The top 10 holdings constitute 32.6% 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 Lg Cap Val Inv is part of the Equity global asset class and is within the U.S. Equity fund group. American Century Focused Lg Cap Val Inv has 8.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.7%. There is 8.8% 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 Focused Lg Cap Val Inv has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $627 million in total assets, which is below the $1 billion average for the Large Value 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.

ALVIX 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 Lg Cap Val Inv expense ratio is high compared to funds in the Large Value category. American Century Focused Lg Cap Val Inv has an expense ratio of 0.84%, which is 9% lower than its category average, making the fund expense ratio grade a C. 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 Lg Cap Val Inv has a portfolio turnover rate of 84%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of June 2026, American Century Focused Lg Cap Val Inv returned 2.1%, which earned it a grade of B, as the Large Value category had an average return of 1.6%. 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 Lg Cap Val Inv has a trailing yield of 1.19%, which is below the 1.25% category average. The fund normally distributes its income quarterly and its capital gains 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 Lg Cap Val Inv Grades

Year to date, the fund has returned 8.8%, 2.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.1% over the past year (grade of C), 13.1% over the past three years (grade of F) and 9.9% per year over the past five years (grade of D) and 10.3% per year over the past 10 years (grade of D).

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