- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Jan 31, 2003
- Business
- American Century Select Fund (ACSLX) is an open-end mutual fund managed by American Century Investments that seeks capital appreciation through investments primarily in large-cap growth stocks of high-quality companies expected to increase in value over time; it employs a risk-aware strategy benchmarked to the Russell 1000 Growth Index, with a portfolio typically comprising approximately 98% U.S. stocks, 1.3% non-U.S. stocks, and minimal cash holdings across sectors such as technology, consumer discretionary, and healthcare. The fund offers multiple share classes including Investor, A, C (ACSLX), R, I, Y, R5, R6, and G classes, each with tailored expense structures—such as a net management fee cap of 0.90% for C Class through July 31, 2026—and minimum investment requirements that vary by class, with Investor Class shares available directly to individuals starting at $2,500 for non-retirement accounts. Launched on January 31, 2003, the fund operates under American Century Investments, founded in 1958 and headquartered at 4500 Main Street in Kansas City, Missouri, with global asset management reach serving institutional and retail investors primarily in the United States.
Recent developments at American Century Investments, the fund's sponsor, include surpassing $300 billion in assets under supervision on September 19, 2025, driven by client-focused growth, expansion into active ETFs, private investments, and collective investment trusts; the firm has advanced its offerings with a new private investments team following the 2023 acquisition of 3x5 Partners for venture capital and impact investing capabilities, alongside its longstanding strategic partnership with Nomura Holdings since 2016, which enhances global distribution particularly in Asia. In July 2025, American Century announced the closure and liquidation of two unrelated ETFs, Quality Preferred ETF (QPFF) and Quality Convertible Securities ETF (QCON), as part of portfolio optimization efforts. The Select Fund's management team, led by Keith Lee since 2001, Christopher Krantz since 2013, and Ben Abelson since July 2024, continues to emphasize consistent long-term results amid these broader organizational expansions.