AVCIX — VP Capital Appreciation Fund
Data updated: 2024-05-29
AVCIX — VP Capital Appreciation Fund. United States Mid Cap Growth Equity · $483.17M AUM · 0.92% expense ratio. Holdings, fees, performance and SEC filings.
AVCIX Fund Overview
AVCIX — VP Capital Appreciation Fund is a US mutual fund managed by American Century Variable Portfolios INC, categorised as United States Mid Cap Growth 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 Variable Portfolios INC
- Category: United States Mid Cap Growth Equity
- Assets under management: $483.17M
- 1-year return: 24.9%
- Ticker: AVCIX
- SEC CIK: 0000814680
- SEC series ID: S000006710
- Share class ID: C000018261
AVCIX Investment Objective and Strategy
VP Capital Appreciation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Variable Portfolios INC.
Investment objective
This fund seeks capital growth.
Principal investment strategy
The portfolio managers look for stocks of medium-sized companies they believe will increase in value over time, using an investment strategy developed by the funds investment advisor. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that durable franchises in a growing industry can sustain above average earnings growth. Under normal market conditions, the funds portfolio will primarily consist of securities of companies with attractive returns on invested capital that are demonstrating business improvement. Analytical indicators helping to identify signs of business improvement could include accelerating earnings or revenue growth rates, increasing cash flows, or other indications of the relative strength of a companys business.
These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria. The fund will usually purchase common stocks of companies that are medium-sized at the time of purchase, but it will purchase securities of smaller- and larger-sized companies as well. Also, although the portfolio managers intend to invest the funds assets primarily in U.S. securities, the fund may invest in securities of foreign companies when these securities meet the portfolio managers standards of selection. The fund may write covered calls on a portion of the funds holdings in common stock when the portfolio mangers believe call premiums are attractive relative to the price of the underlying security.
AVCIX Holdings
Top 10 holdings of VP Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Hilton Worldwide Holdings Inc | 3.26% |
| Church & Dwight Co Inc | 2.99% |
| Dexcom Inc | 2.66% |
| HubSpot Inc | 2.54% |
| IQVIA Holdings Inc | 2.53% |
| Crowdstrike Holdings Inc | 2.51% |
| Spotify Technology SA | 2.48% |
| Mettler-Toledo International Inc | 2.43% |
| MSCI Inc | 2.39% |
| Ares Management Corp | 2.19% |
AVCIX Portfolio Allocation
Asset-class allocation of VP Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
| Cash & Equivalents | 1.2% |
AVCIX Performance
Total returns for AVCIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 24.9% |
| 3 years (annualised) | 2.6% |
AVCIX Risk Information
Risk metrics for AVCIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.1%
AVCIX Costs and Fees
AVCIX costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 1.00%
- Portfolio turnover: 52%
- Brokerage commissions: 2.70 bps of average net assets (SEC N-CEN)
AVCIX Cashflows
Over the 12 months to 2024-03, VP Capital Appreciation Fund had net outflows of $54.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $10.39M |
| 2024-02 | −$4.74M |
| 2024-01 | −$3.39M |
| 2023-12 | −$18.03M |
| 2023-11 | −$6.30M |
| 2023-10 | −$4.39M |
AVCIX Debt Constituents
No individual debt constituents are reported in VP Capital Appreciation Fund's latest SEC N-PORT filing.
AVCIX Prospectus and SEC Filings
Official VP Capital Appreciation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-14
- Prospectus (485BPOS) — filed 2022-04-14
- Prospectus supplement (497) — filed 2021-07-30
- Portfolio holdings (N-PORT) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2023-11-22
- Annual census (N-CEN) — filed 2024-03-08
- Annual census (N-CEN) — filed 2023-03-08
Related Funds
Other United States Mid Cap Growth Equity funds tracked on ABC INVEST:
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.