YTD Total Return As of 02/12/2026 | 7.54% |
Nav As of 02/12/2026 | $8.70 |
Nav Change (-$0.12) | -1.36% |
Seeks long-term capital growth and income by investing in the stocks of companies of all sizes the managers believe to be undervalued.
Key Facts
Investment Objective | Seeks long-term capital growth. Income is a secondary objective |
Inception Date | 09/01/1993 |
Morningstar Category | Large Value |
Benchmark | Russell 1000 Value IndexA |
Total Assets | $2,282,642,273 As of 01/31/2026 |
Total Holdings | 98 As of 12/31/2025 |
Distribution Frequency | Quarterly |
Morningstar Overall Rating Based on risk-adjusted return | Out of 1,056 funds. Large Value category As of 01/31/2026 |
Fees
| Gross Expense Ratio | 0.98% |
| Net Expense Ratio | 0.95% |
Trading Information
| Ticker | TWVLX |
| CUSIP | 025076506 |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
Fees
| Gross Expense Ratio | 0.98% |
| Net Expense Ratio | 0.95% |
Trading Information
| Ticker | TWVLX |
| CUSIP | 025076506 |
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
30-Day SEC Subsidized Yield
1.55%
As of 01/30/2026
30-Day SEC UnSubsidized Yield
1.52%
As of 01/30/2026
30-Day SEC Yield (Subsidized/Unsubsidized): Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.
Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.
Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows.
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
FREQUENCY
Quarterly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/16/2025 | $0.7084 | $0.0402 | $8.07 |
| 09/23/2025 | $0.0379 | $0.0379 | $8.44 |
| 06/24/2025 | $0.0407 | $0.0407 | $7.95 |
| 03/25/2025 | $0.0278 | $0.0278 | $7.98 |
| Overall | Out of 1,056 funds. Large Value category |
| 3 Year | Out of 1,056 funds |
| 5 Year | Out of 993 funds |
| 10 Year | Out of 829 funds |
Investment Style
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Risk Measures | |
|---|---|
| Alpha | -1.40 |
| Beta | 0.92 |
| R-Squared | 0.93 |
| Standard Deviation | 11.98 |
| Sharpe Ratio | 0.53 |
Relative to the Russell 1000 Value Index
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 01/31/2026
| Domestic Stock | 88% |
| Foreign Stock | 9% |
| Cash and Cash Equivalents | 2% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 12/31/2025
98 Equity Issues
As of 01/31/2026
| Financials | 21% |
| Health Care | 17% |
| Consumer Staples | 13% |
| Industrials | 12% |
| Information Technology | 8% |
| Energy | 7% |
| Communication Services | 7% |
| Utilities | 6% |
| Real Estate | 4% |
| Consumer Discretionary | 3% |
| Materials | 3% |
Due to rounding, these values may exceed 100%
As of 01/31/2026
| Berkshire Hathaway Inc | 2.98% |
| Alphabet Inc | 2.74% |
| JPMorgan Chase & Co | 2.68% |
| Johnson & Johnson | 2.67% |
| US Bancorp | 2.23% |
| PepsiCo Inc | 2.00% |
| Cisco Systems Inc/Delaware | 1.89% |
| Exxon Mobil Corp | 1.86% |
| Chevron Corp | 1.82% |
| Becton Dickinson & Co | 1.81% |
| % of Top Portfolio Holdings | 22.68% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital
stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period
end.
As of 01/31/2026
Due to rounding, these values may exceed 100%
How to Buy
Individual investors: Open a new account or use an existing account registration.
Open New Account Log In NowFinancial Advisors: Contact your wholesaler at 1-800-345-6488 for more information.
The advisor has agreed to waive a portion of the fund's management fee such that the management fee does not exceed .94% for Investor, A, C and R Classes, .74% for I and R5 Classes, and .59% for Y and R6 Classes. The advisor expects this waiver arrangement to continue until July 31, 2026, and cannot terminate it prior to such date without the approval of the Board of Directors. Returns or yields for the fund would have been lower if a portion of the management fee had not been waived. Review the annual or semiannual report for the most current information.
The value and/or returns of a portfolio will fluctuate with market and economic conditions.
Different investment styles tend to shift in and out of favor depending upon market and economic conditions, as well as investor sentiment. A fund may outperform or underperform other funds that employ a different investment style.
International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Investor Class Shares: Minimum initial investment is $1,000 for IRA and CESA accounts, and $2,500 for non-retirement accounts, but these minimums are waived with an initial investment of at least $500 per account and automatic investments of at least $100 per month. Non-Retirement Accounts: If your account balance falls below the minimum, or if you cancel your automatic monthly investment plan prior to reaching the minimum, American Century Investments may redeem the account and send the proceeds to you. Prior to doing so, we will notify you and give you 90 days to meet the minimum or reinstate your automatic monthly investment plan.
Measures the performance of those Russell 1000 Index companies (the 1,000 largest publicly traded U.S. companies, based on total market capitalization) with lower price-to-book ratios and lower forecasted growth values.
The Russell 1000® Index is a trademark/service mark of the Frank Russell Company. Russell® is trademark of the Frank Russell Company.
©2026 Morningstar, Inc. All Rights Reserved. Certain information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.