- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Apr 1, 2004
- Business
- American Century Mid Cap Value Fund (ACMVX) is an open-end mutual fund managed by American Century Investments that seeks long-term capital growth, with income as a secondary objective. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of medium-size companies, defined as those with market capitalizations within the range of the Russell 3000 Index excluding the largest 100 companies; it focuses on undervalued mid-cap value stocks exhibiting low price-to-book ratios, lower forecasted growth values, high dividend yields, or slow growth rates in earnings, sales, book value, and cash flow. The fund offers Investor Class shares with a net expense ratio of 0.97%, no-load structure, minimum initial investments of $2,500 for non-retirement accounts or $1,000 for IRAs (waived under certain automatic investment plans), and features a portfolio turnover rate of approximately 50% with 109 total holdings as of recent data. It benchmarks performance against the Russell Midcap Value Index and serves individual investors, financial advisors, retirement plans, and institutions through various share classes including Advisor, A, C, I, R, R5, R6, and Y classes.
Launched on March 31, 2004, and headquartered in Kansas City, Missouri, as part of American Century Investments, the fund operates primarily in the U.S. equity market, targeting the mid-cap value segment within the broader asset management industry. It caters to long-term investors seeking exposure to medium-sized companies that are undervalued relative to the market, including sectors with slower growth profiles but potential for capital appreciation. Total assets under management stand at approximately $6.4 billion, with geographic focus on U.S.-listed securities.
Recent quarterly commentaries highlight strategic portfolio adjustments amid market volatility; in Q1 2025, the fund navigated uncertainties from U.S. tariff policies, inflation, and economic growth pressures during a period of broad equity declines marking the worst quarter since 2022, while in Q3 2025, it participated in a market rally driven by artificial intelligence stocks and growth names, prompting active management to maintain value discipline. American Century Investments emphasized mid- and small-cap opportunities in 2025 outlook pieces, citing expected earnings acceleration for smaller firms relative to mega-caps, influencing the fund's positioning without noted acquisitions, partnerships, funding rounds, or structural changes in the past 1-2 years. Performance updates as of October 31, 2025, show year-to-date returns of 6.21%, reflecting ongoing adaptation to mid-cap value dynamics in a high-valuation environment.