ACMNX — Adaptive Small Cap Fund

ACMNX Fund Overview

ACMNX — Adaptive Small Cap Fund is a US mutual fund managed by American Century Growth Funds, Inc., categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: American Century Growth Funds, Inc.
• Category: United States Small Cap Blend / Core Equity
• Assets under management: $37.33M
• Ticker: ACMNX
• SEC CIK: 0001353176
• SEC series ID: S000012179
• Share class ID: C000033225

ACMNX Investment Objective and Strategy

Adaptive Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Growth Funds, Inc..

Investment objective

The fund seeks long-term capital growth.

Principal investment strategy

Under normal market conditions, the fund will invest at least 80% of its net assets in small cap companies. The portfolio managers consider small cap companies to include those with a market capitalization that does not exceed that of the largest company in the Russell 2000 Index. The fund uses an approach to common stock investing developed by the funds investment advisor. This approach relies heavily on quantitative tools to identify attractive investment opportunities, regardless of industry type or geographic location, on a disciplined, consistent basis. The portfolio managers use these quantitative tools to rank stocks, primarily smaller companies, from most attractive to least attractive in a model that uses factors that the advisor believes are predictive of a stocks performance. These factors can be classified into two categories, one related to general market conditions and the other related to stock specific criteria.

Factors related to general market conditions help determine the importance of the stock specific criteria, which may include those related to valuation, quality, growth and sentiment. The managers also use portfolio optimization to provide a balance between risk and expected return. The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect the funds performance. It may also result in the realization and distribution of capital gains.

ACMNX Costs and Fees

ACMNX costs about $116 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.16%
• Gross expense ratio: 1.16%
• Portfolio turnover: 128%
• Brokerage commissions: 8.97 bps of average net assets (SEC N-CEN)

ACMNX Cashflows

Over the 12 months to 2019-10, Adaptive Small Cap Fund had net outflows of $9.22M, from monthly SEC N-PORT filings.

ACMNX Debt Constituents

No individual debt constituents are reported in Adaptive Small Cap Fund's latest SEC N-PORT filing.

ACMNX Prospectus and SEC Filings

Official Adaptive Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-12-17
• Prospectus (485BPOS) — filed 2018-12-18
• Prospectus supplement (497) — filed 2018-05-15
• Portfolio holdings (N-PORT) — filed 2019-12-23
• Annual census (N-CEN) — filed 2019-10-08
• Annual census (N-CEN) — filed 2018-10-11

Related Funds

Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:

• iShares Core S&P Small-Cap ETF (IJR)
• iShares Russell 2000 ETF (IWM)
• Fidelity Small Cap Index Fund (FSSNX)
• Schwab U.S. Small-Cap ETF (SCHA)
• U.s. Small Cap Portfolio (DFSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.