About ASERX
The American Century Select Fund R Class is a mutual fund designed for participants in employer-sponsored retirement plans. Its primary objective is long-term capital growth, achieved through a focus on large-cap U.S. companies with accelerating earnings and revenue growth. The fund employs an active management approach, building a concentrated equity portfolio of 50 to 70 holdings while maintaining sector allocations in line with the Russell 1000 Growth Index. Notable for its exposure to leading technology, consumer cyclical, and communication services firms, the fund's largest positions include well-known growth companies such as Apple, NVIDIA, Microsoft, Amazon, Meta Platforms, and Alphabet. Approximately 62% of assets are invested in its top ten holdings, reflecting a focused investment style. The R Class shares, which do not carry a sales charge but include an ongoing distribution fee, are exclusively available through employer retirement plans or certain intermediaries. The fund is characterized by moderate portfolio turnover and an expense structure that benefits from management fee waivers, supporting cost efficiency for plan participants. Overall, this fund plays a significant role in providing growth-oriented equity exposure within retirement investment platforms.
Fund Family American Century Investments
Category Large Growth
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol ASERX
Share Class R Class
Index Russell 1000 Growth TR
ASERX had a total return of 8.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 15.68%.
