VP Capital Appreciation Fund
Fund
AVCIX
Price as of:
$14.89
+ $0.08
+ 0.54%
Primary Theme
fund company
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.2%
1 yr return
22.4%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
10.0%
Net Assets
$788 M
Holdings in Top 10
25.2%
52 WEEK LOW AND HIGH
$14.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AVCIX - Profile
Distributions
- YTD Total Return 8.2%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 10.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.65%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVP Capital Appreciation Fund
-
Fund Family NameAmerican Century Investments
-
Inception DateNov 20, 1987
-
Shares Outstanding7145416
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNalin Yogasundram
Fund Description
The portfolio managers look for stocks of medium-sized companies they believe will increase in value over time, using an investment strategy developed by the fund’s investment advisor. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that durable franchises in a growing industry can sustain above average earnings growth. Under normal market conditions, the fund’s portfolio will primarily consist of securities of companies with attractive returns on invested capital that are demonstrating business improvement. Analytical indicators helping to identify signs of business improvement could include accelerating earnings or revenue growth rates, increasing cash flows, or other indications of the relative strength of a company’s business. These techniques help the portfolio managers make decisions about buying or holding the stocks of companies they believe have favorable growth prospects and selling the stocks of companies whose characteristics no longer meet their criteria. In addition to fundamental financial metrics, the portfolio managers may also consider environmental, social, and/or governance (ESG) data. However, the portfolio managers may not consider ESG data with respect to every investment decision and, even when such data is considered, they may conclude that other attributes of an investment outweigh ESG considerations when making decisions for the fund.
Read More
The fund will usually purchase common stocks of companies that are medium-sized at the time of purchase, but it will purchase securities of smaller- and larger-sized companies as well.
Also, 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.
The fund may write covered calls on a portion of the fund’s holdings in common stock when the portfolio managers believe call premiums are attractive relative to the price of the underlying security.
AVCIX - Performance
Return Ranking - Trailing
| Period | AVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.2% | -16.2% | 22.5% | 15.19% |
| 1 Yr | 22.4% | -5.1% | 54.7% | 24.72% |
| 3 Yr | -1.0%* | -29.5% | 78.7% | 37.21% |
| 5 Yr | 10.0%* | -4.6% | 97.4% | 27.96% |
| 10 Yr | 10.6%* | -0.1% | 37.0% | 37.67% |
* Annualized
Return Ranking - Calendar
| Period | AVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.5% | -27.7% | 68.0% | 43.31% |
| 2022 | -36.9% | -85.6% | 350.1% | 79.25% |
| 2021 | -3.0% | -77.0% | 238.3% | 55.00% |
| 2020 | 20.7% | -44.1% | 2474.5% | 68.59% |
| 2019 | 12.6% | -50.2% | 44.0% | 91.39% |
Total Return Ranking - Trailing
| Period | AVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.2% | -16.2% | 22.5% | 15.19% |
| 1 Yr | 22.4% | -5.1% | 54.7% | 24.72% |
| 3 Yr | -1.0%* | -29.5% | 78.7% | 37.21% |
| 5 Yr | 10.0%* | -4.6% | 97.4% | 27.96% |
| 10 Yr | 10.6%* | -0.1% | 37.0% | 37.67% |
* Annualized
Total Return Ranking - Calendar
| Period | AVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.7% | -26.1% | 68.0% | 47.96% |
| 2022 | -28.1% | -67.0% | 440.7% | 49.91% |
| 2021 | 11.2% | -23.5% | 342.2% | 60.19% |
| 2020 | 42.5% | 2.6% | 2549.1% | 35.98% |
| 2019 | 35.6% | 14.6% | 44.8% | 36.27% |
NAV & Total Return History
AVCIX - Holdings
Concentration Analysis
| AVCIX | Category Low | Category High | AVCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 788 M | 2.73 M | 100 B | 58.33% |
| Number of Holdings | 81 | 25 | 3644 | 43.15% |
| Net Assets in Top 10 | 111 M | 449 K | 9.69 B | 68.33% |
| Weighting of Top 10 | 25.22% | 0.4% | 99.9% | 60.00% |
Top 10 Holdings
- Hilton Worldwide Holdings Inc 3.23%
- Church Dwight Co Inc 2.89%
- Dexcom Inc 2.60%
- MSCI Inc 2.59%
- IQVIA Holdings Inc 2.48%
- HubSpot Inc 2.41%
- Mettler-Toledo International Inc 2.36%
- Crowdstrike Holdings Inc 2.30%
- Datadog Inc 2.19%
- Manhattan Associates Inc 2.17%
Asset Allocation
| Weighting | Return Low | Return High | AVCIX % Rank | |
|---|---|---|---|---|
| Stocks | 97.72% | 0.92% | 101.30% | 67.78% |
| Other | 2.25% | -0.18% | 16.96% | 5.74% |
| Cash | 0.07% | 0.00% | 99.08% | 87.22% |
| Preferred Stocks | 0.00% | 0.00% | 5.46% | 87.59% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 86.48% |
| Bonds | 0.00% | -3.27% | 1.87% | 86.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AVCIX % Rank | |
|---|---|---|---|---|
| Technology | 35.31% | 0.04% | 62.17% | 27.41% |
| Healthcare | 19.23% | 0.00% | 37.06% | 35.74% |
| Industrials | 17.44% | 0.00% | 38.23% | 29.07% |
| Consumer Cyclical | 13.76% | 0.00% | 57.41% | 55.19% |
| Financial Services | 4.44% | 0.00% | 43.01% | 69.26% |
| Communication Services | 3.75% | 0.00% | 18.33% | 33.52% |
| Consumer Defense | 2.47% | 0.00% | 16.40% | 43.89% |
| Real Estate | 1.85% | 0.00% | 19.28% | 58.89% |
| Basic Materials | 1.74% | 0.00% | 17.25% | 60.56% |
| Utilities | 0.00% | 0.00% | 12.94% | 89.63% |
| Energy | 0.00% | 0.00% | 62.10% | 92.78% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AVCIX % Rank | |
|---|---|---|---|---|
| US | 96.98% | 0.64% | 101.30% | 63.70% |
| Non US | 0.75% | 0.00% | 34.57% | 21.30% |
AVCIX - Expenses
Operational Fees
| AVCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.00% | 0.02% | 17.54% | 57.73% |
| Management Fee | 1.00% | 0.00% | 1.50% | 95.73% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| AVCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| AVCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| AVCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.00% | 0.00% | 250.31% | 48.97% |
AVCIX - Distributions
Dividend Yield Analysis
| AVCIX | Category Low | Category High | AVCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.70% | 90.37% |
Dividend Distribution Analysis
| AVCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annual | Annual |
Net Income Ratio Analysis
| AVCIX | Category Low | Category High | AVCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.65% | -2.24% | 2.75% | 55.64% |
Capital Gain Distribution Analysis
| AVCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
AVCIX - Fund Manager Analysis
Managers
Nalin Yogasundram
Start Date
Tenure
Tenure Rank
Dec 31, 2013
8.42
8.4%
Nalin Yogasundram, Vice President and Portfolio Manager, has been a member of the team that manages the Fund since joining American Century in 2013 as an investment analyst and became a portfolio manager in 2016. Prior to joining American Century, he was an equity analyst for T. Rowe Price. He has a bachelor’s degree from the University of Arkansas, a master’s degree from Southern Methodist University, and an MBA from The Wharton School of the University of Pennsylvania.
Robert Brookby
Start Date
Tenure
Tenure Rank
Feb 16, 2018
4.29
4.3%
Robert M. Brookby, Vice President and Senior Portfolio Manager, has been a member of the team that manages the fund since joining American Century Investments in 2018. From 2008 to 2018, he was a portfolio manager for Putnam Investments. He was Senior Vice President and Portfolio Manager at Putnam Investments. Robert’s career in the investment industry began in 1999. He worked with Putnam Investments since 2008. Before joining Putnam, Robert was an Equity Analyst with Raymond James Financial from 1999 to 2000.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.35 | 11.76 |