American Century Growth Fund - I Class (TWGIX) is a large-cap growth mutual fund managed by American Century Investments that seeks long-term capital growth by primarily investing in equity securities of larger-sized U.S. companies with improving business characteristics, such as favorable earnings growth, revenue growth, and profitability prospects; the fund may also invest in securities of foreign companies and write covered calls on a portion of its common stock holdings when market conditions warrant. The fund employs a risk-aware, active management strategy utilizing quantitative and fundamental research tools to buy stocks of companies meeting strict investment criteria and sell those whose characteristics deteriorate, with a portfolio typically concentrated in U.S. stocks (approximately 98.6% allocation) and benchmarked against the Russell 1000 Growth Index. Key portfolio managers include Justin Brown (since 2016), Scott Marolf (since 2020), and Joseph Reiland (since 2021), overseeing total net assets of approximately $16.23 billion across share classes as of recent data.
TWGIX represents the Institutional (I Class) share class of the Growth Fund, designed for institutional investors and financial intermediaries with a net expense ratio of 0.63% (after fee waivers through July 31, 2026), minimum initial investment requirements waived under certain automatic investment plans, and daily pricing. American Century Investments, the fund's adviser founded in 1958 as Twentieth Century Mutual Funds and headquartered at 4500 Main Street in Kansas City, Missouri, offers a broad range of investment products including mutual funds across equity, fixed income, and alternative strategies; exchange-traded funds (ETFs); retirement plan services; and institutional asset management solutions targeting financial professionals, corporations, individual investors, and institutions globally from offices in the U.S., Europe, Asia-Pacific, and beyond.
Recent developments at American Century Investments include surpassing $300 billion in assets under supervision in September 2025 for the first time since inception, driven by expansions in active ETFs with global reach, establishment of a private investments team providing access to non-public market opportunities, and a strategic acquisition in 2023 of the partners and staff from 3x5 Partners to enter private impact investing and venture capital. The firm announced in 2024 plans to close and liquidate its Emerging Markets Bond ETF (AEMB) to streamline its ETF lineup, while continuing long-standing strategic alliances such as its partnership with Nomura Holdings since 2016 for cross-distribution of products in Japan and Asia. These initiatives reflect American Century's focus on innovation, client relationships, and supporting the Stowers Institute for Medical Research through its unique ownership structure.