Investment objective & strategy
As of July 29, 2025 · prospectusObjective. The fund seeks current income.
Strategy. The portfolio managers look for equity securities of companies with a favorable income-paying history that have prospects for income payments to continue or increase. The portfolio managers also look for equity securities of companies that they believe are undervalued and have the potential for an increase in price. To identify these undervalued companies, the portfolio managers look for companies with earnings, cash flows and/or assets that may not be reflected in the companies stock prices or may be outside the companies historical ranges. The portfolio managers use a variety of analytical research tools and techniques to help them make decisions about buying or holding securities of companies that meet their investment criteria and selling the securities of companies that do … The portfolio managers look for equity securities of companies with a favorable income-paying history that have prospects for income payments to continue or increase. The portfolio managers also look for equity securities of companies that they believe are undervalued and have the potential for an increase in price. To identify these undervalued companies, the portfolio managers look for companies with earnings, cash flows and/or assets that may not be reflected in the companies stock prices or may be outside the companies historical ranges. The portfolio managers use a variety of analytical research tools and techniques to help them make decisions about buying or holding securities of companies that meet their investment criteria and selling the securities of companies that do not. The fund may invest a portion of its assets in foreign securities when these securities meet the portfolio managers standards of selection. Under normal market conditions, the portfolio managers will invest at least 80% of the funds net assets in equity securities (including equity-equivalent securities, such as convertible securities) regardless of the movement of stock prices generally. The portfolio managers may sell stocks from the funds portfolio if they believe a stock no longer meets their valuation criteria, a stocks risk parameters outweigh its return opportunity, more attractive alternatives are identified or specific events alter a stocks prospects.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MARSH & MCLENNAN | — | $222.89M | 3.54% |
| JOHNSON&JOHNSON | — | $188.46M | 2.99% |
| Enterprise Products Partners LP | — | $179.09M | 2.84% |
| JPMORGAN CHASE and CO | — | $172.41M | 2.74% |
| BECTON DICKINSON and CO | — | $162.42M | 2.58% |
| NORFOLK SOUTHERN CORP | — | $154.92M | 2.46% |
| MEDTRONIC PLC | — | $141.83M | 2.25% |
| PEPSICO INC | — | $128.99M | 2.05% |
| MICROCHIP TECHNOLOGY INC SR UNSECURED 06/30 0.75 | MCHP | $126.46M | 2.01% |
| KIMBERLY CLARK CORP | — | $124.88M | 1.98% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| LVIP American Century Large Company Value Fund | 52% | 0.60% |
| Focused Large Cap Value Fund · ALVIX, ALPAX, ALVSX, ALPCX, ALVRX, ALVDX, ALVGX, ACFLX | 52% | 0.01% |
| Value Fund · TWVLX, TWADX, AVLIX, ACLCX, AVURX, AVUDX, AVUYX, AVUGX | 49% | 0.60% |
Advisers
| Firm | Role |
|---|---|
| American Century Investment Management, Inc. | Adviser |
Footnotes
- Expense ratio as of July 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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