Kansas City, MO (PRWEB) April 27, 2011
American Century Investments announced that two of its funds received accolades from TheStreet.com: American Century Core Plus Bond won TheStreet’s 2010 Best Mutual Fund award in the general investment grade bond category; American Century Mid Cap Value was named runner up in the mid cap value category.
Core Plus Bond was selected first out of 1,100 funds in its category; Mid Cap placed second out of 214 funds in its category. This marks the first year for TheStreet’s annual awards ceremony.
TheStreet awarded "Best Mutual Funds and ETFs 2010" to 114 funds, half of which were winners in their investment category and half runners-up. The criteria are as follows: Mutual funds must have had a three-year history as of Dec. 31 and been open to new client investments, with the minimum not exceeding $100,000. Closed-end funds and ETFs must have had a one-year track record. The rating is based equally on performance and risk. Emphasis is given to longer-term performance, based on total returns minus expenses. Risk measures include standard deviation, size of peak-to-trough (drawdown factor) and duration.
“We’re proud to receive this recognition from TheStreet,” said Enrique Chang, chief investment officer of American Century Investments. “This further reinforces the commitment of our firm and our investment professionals to create value for our clients through security research and selection.”
American Century Core Plus Bond is a foundational bond fund designed to generate a high monthly income stream through a mix of core bonds plus higher yielding securities. The fund, whose inception date is November 30, 2006, is co-managed by a team of investment professionals including David MacEwen, Bob Gahagan, Jeff Houston, CFA, Alejandro Aguilar, CFA, Brian Howell and Jesse Singh, CFA.
American Century Investments is a leading privately-held investment management firm, committed to delivering superior investment performance and building long-term client relationships since 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company’s 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, Calif. and Kansas City, Mo. James E. Stowers Jr. is founder of the company. Jonathan S. Thomas is president and chief executive officer and Enrique Chang is chief investment officer. Through its ownership structure, more than 40 percent of American Century Investments’ profits support research to help find cures for genetically-based diseases including cancer, diabetes and dementia.
Before investing, carefully consider a fund’s investment objectives, risks, charges and expenses. Go to americancentury.com for a prospectus or summary prospectus containing this and other information. Read it carefully.
American Century Investment Services, Inc., Distributor