- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Mar 13, 1997
- Business
- American Century Select Fund (TWSIX) is an institutional-class share of a large-cap growth mutual fund managed by American Century Investments that seeks long-term capital growth through a risk-aware, bottom-up investment approach focused on high-quality, larger-sized companies with favorable growth prospects, primarily U.S. equities in sectors including technology, communication services, consumer cyclical, financial services, and healthcare; the fund invests mainly in common stocks of domestic companies, with limited exposure to non-U.S. stocks, and may employ covered call writing strategies on select holdings. Core offerings include Investor (TWCIX), I (TWSIX, minimum initial investment $5 million), Y (ASLWX), A (TWCAX), C (ACSLX), R (ASERX), R5, and R6 share classes tailored for individual investors, institutions, financial intermediaries, and employer-sponsored retirement plans, with a net expense ratio of 0.70% supported by a management fee waiver through July 31, 2026. The fund, launched on March 13, 1997, is domiciled in the United States with total net assets of approximately $6.19 billion and is available for sale exclusively to U.S. investors.
American Century Investments, headquartered in Kansas City, Missouri, and founded in 1958 as Twentieth Century Mutual Funds (renamed in 1997), oversees the fund as part of its broader asset management operations serving retail, institutional, and retirement plan clients globally through offices in New York, London, Hong Kong, and Sydney. Portfolio management features Keith Lee (since 2001), Christopher Krantz (since 2013), and Ben Abelson (since July 2024), emphasizing disciplined stock selection and an 18% annual turnover rate.
Recent developments include the addition of Ben Abelson to the management team in July 2024, enhancing the fund's growth-oriented strategy amid strong performance with a 5-year annualized return of 14.95% and recent YTD returns around 11-15% as of late 2025. At the parent company level, American Century Investments acquired the partners and staff of 3x5 Partners in 2023 to expand into private impact investing and venture capital services; surpassed $300 billion in assets under management in September 2025, driven by active ETF growth and global capabilities; and maintains its longstanding strategic minority partnership with Nomura Holdings (acquired 41% economic stake in 2016), supporting international distribution while directing profits to the affiliated Stowers Institute for Medical Research.