Investment objective & strategy
As of July 29, 2025 · prospectusObjective. The fund seeks long-term capital growth.
Strategy. In selecting stocks for the fund, the portfolio managers look for companies of all sizes whose stock price may not reflect the companys value. The managers attempt to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. 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 … In selecting stocks for the fund, the portfolio managers look for companies of all sizes whose stock price may not reflect the companys value. The managers attempt to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. 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. 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 |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC CL A | — | $53.14M | 3.03% |
| JOHNSON&JOHNSON | — | $47.33M | 2.70% |
| JPMORGAN CHASE and CO | — | $47.06M | 2.69% |
| ALPHABET INC CL A | — | $43.76M | 2.50% |
| US BANCORP DEL | — | $39.56M | 2.26% |
| EXXON MOBIL CORP | — | $39.18M | 2.24% |
| CHEVRON CORP | — | $37.04M | 2.11% |
| PEPSICO INC | — | $35.02M | 2.00% |
| CISCO SYSTEMS INC | — | $32.15M | 1.83% |
| BANK OF AMERICA CORPORATION | — | $32.11M | 1.83% |
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 Value Fund | 94% | 0.61% |
| LVIP American Century Large Company Value Fund | 64% | 0.60% |
| Focused Large Cap Value Fund · ALVIX, ALPAX, ALVSX, ALPCX, ALVRX, ALVDX, ALVGX, ACFLX | 50% | 0.01% |
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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