American Century Investments Launches Legacy Funds; American Century Announces Three New Quantitative Funds.KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- American Century Investments American Century Investments is a privately held investment management firm. Its headquarters are located at 4500 Main in Kansas City, Missouri, near the famous Country Club Plaza. It was formerly known as Twentieth Century Investments. The company was founded by James E. today announced the launch of its new American Century This article is about the term used for American power in the 20th century. For the investment company, see American Century Investments. "American Century" is a term coined by Time Legacy Funds(a): Legacy Large Cap (ACGOX), Legacy Focused Large Cap (ACFOX) and Legacy Multi Cap (ACMNX). The funds are aggressive, quantitatively managed portfolios whose key drivers are earnings and revenue growth and price momentum. Legacy Large Cap and Legacy Focused Large Cap will invest in stocks of large cap companies; Legacy Multi Cap will invest in companies of all sizes. Additionally, Legacy Large Cap will hold approximately 50 stocks in its portfolio; Legacy Focused Large Cap will contain approximately 30 stocks and Legacy Multi Cap, approximately 100. Using the term "legacy" in the funds' names acknowledges American Century founder James E. Stowers James E. Stowers (born 1924) is the founder of American Century Investments and the Stowers Institute for Medical Research. Born and raised in Kansas City, Missouri, Jim Stowers graduated from Kemper Military School in Boonville, Missouri. Jr., according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Co-Portfolio Manager Harold Bradley. "Our three new products apply 21st century tools to legacy Stowers investing principles," Bradley said. "The funds Mr. Stowers built years ago are based on acceleration and price momentum. The Legacy Funds combine the original components of Mr. Stowers' model with additional financial engineering techniques that employ sophisticated data analysis and advanced technology." Each Legacy Fund employs a weighted, multi-factor model which uses proprietary data to identify stocks to buy and sell. The multi-factor model includes factors such as fundamental acceleration of earnings and revenue, strong price trends relative to other stocks in the selection universe, sales growth, quality and valuation. The Legacy Funds' process has the latitude latitude, angular distance of any point on the surface of the earth north or south of the equator. The equator is latitude 0°, and the North Pole and South Pole are latitudes 90°N and 90°S, respectively. to identify attractive stocks without style, benchmark or sector restrictions. Each of the three funds requires a minimum $2,500 initial investment. The management fee for Legacy Large Cap and Legacy Focused Large Cap (Investor share class) is 1.10%; management fee for Legacy Multi Cap (Investor share class) is 1.15%. There is no redemption fee Redemption fee A fee some mutual funds charge when an investor sells shares within a specified short period of time. . The funds are managed by Harold Bradley and Sheila Davis. Bradley, who joined American Century in 1988, is chief investment officer of U.S. Growth Equity-Mid Cap/Small Cap/Sector and is a senior portfolio manager. He has oversight responsibility for the small cap, mid cap and sector portfolios and for the firm's investment management research and development team. For 10 years prior to becoming a portfolio manager, Bradley directed the company's equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as group. He earned a bachelor's degree from Marquette University Marquette University at Milwaukee, Wis.; Jesuit; coeducational; chartered 1864, opened 1881. The school achieved university status in 1907. Among its graduate programs are those in business, engineering, and law. . Davis, who joined American Century in 1993, is a portfolio manager. Previously, she was an investment analyst -- research strategies and assisted with the development of the multi-factor models used in the Legacy Funds. Prior to that, she helped coordinate American Century's strategic investment activities. Davis received a bachelor's degree in business administration from Emporia State University Emporia State University (ESU) is a comprehensive Regents university serving residents of Eastern Kansas. ESU is located in the city of Emporia, in Lyon County. ESU is just east of the Flint Hills and within two hours drive of the three major metropolitan areas of Kansas: Wichita, and a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in business administration from the University of Kansas The University of Kansas (often referred to as KU or just Kansas) is an institution of higher learning in Lawrence, Kansas. The main campus resides atop Mount Oread. . About American Century Investments American Century Investments is a leading investment manager with nearly 50 years of experience helping investors achieve their financial goals. Serving financial professionals, institutions, corporations and 1.2 million individual investors, American Century offers a broad array of products across a variety of investment disciplines. Based in Kansas City, Mo., the company manages more than $95 billion in assets through mutual funds, separate accounts, commingled trusts, sub-advisory accounts and institutional products. James E. Stowers Jr. founded the company in 1958. His son, James E. Stowers III, is chairman and William M. Lyons is president and chief executive officer. For the past seven years, American Century, which employs 1,900 people, has been selected as one of FORTUNE Magazine's 100 Best Companies to Work for in America. For more information, visit www.americancentury.com or www.lanceface.com. (a) Ticker symbols Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors listed are for Investor Class shares only. You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus, which can be obtained by calling 800-345-2021, contains this and other information about the fund, and should be read carefully before investing. Investment return and principal value will fluctuate, and it is possible to lose money by investing. Because each of these funds may, at times, concentrate its investments in a specific area, during such times they may be subject to greater risks and market fluctuations than when the portfolio represents a broader range of securities. The funds' strategies may also result in high portfolio turnover that could result in increased commission costs, affecting the funds' performance, as well as capital gains tax liabilities to the shareholder. Because the Legacy Focused Large Cap fund is classified as non-diversified, a price change in any one security may have a greater impact than would be the case if the fund were diversified. |
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