AVPUX — VP Ultra Fund
Data updated: 2024-05-29
AVPUX — VP Ultra Fund. Leveraged · $364.69M AUM · 0.75% expense ratio · 36.5% 1-yr return. Holdings, fees, performance and SEC filings.
AVPUX Fund Overview
AVPUX — VP Ultra Fund is a US mutual fund managed by American Century Variable Portfolios INC, categorised as Leveraged. 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: Leveraged
- Assets under management: $364.69M
- 1-year return: 36.5%
- Ticker: AVPUX
- SEC CIK: 0000814680
- SEC series ID: S000006717
- Share class ID: C000018275
AVPUX Investment Objective and Strategy
VP Ultra Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Variable Portfolios INC.
Investment objective
The fund seeks long-term capital growth.
Principal investment strategy
The portfolio managers look for stocks of companies they believe will increase in value over time. 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, over the long term, stock price movements follow growth in earnings, revenues and/or cash flow. The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Under normal market conditions, the portfolio managers seek securities of companies whose earnings or revenues are not only growing, but growing at an accelerated pace. This includes companies whose growth rates, although still negative, are less negative than prior periods, and companies whose growth rates are expected to accelerate.
Among other variables, the portfolio managers will consider the funds growth and momentum profile relative to the benchmark. Other analytical techniques help identify additional signs of business improvement, such as increasing cash flows, or other indications of the relative strength of a companys business. In addition to accelerating growth and other signs of business improvement, the fund also considers companies demonstrating price strength relative to their peers. This means that the portfolio managers favor companies whose securities are the strongest performers compared to the overall market. 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.
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 managers believe call premiums are attractive relative to the price of the underlying security.
AVPUX Holdings
Top 10 holdings of VP Ultra Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Apple Inc | 9.53% |
| NVIDIA Corp | 8.97% |
| Microsoft Corp | 6.54% |
| Amazon.com Inc | 5.84% |
| Mastercard Inc | 4.18% |
| Alphabet Inc | 3.67% |
| Alphabet Inc | 3.31% |
| Eli Lilly & Co | 2.66% |
| Chipotle Mexican Grill Inc | 2.57% |
| Meta Platforms Inc | 2.55% |
AVPUX Portfolio Allocation
Asset-class allocation of VP Ultra Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Cash & Equivalents | 0.4% |
AVPUX Performance
Total returns for AVPUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 36.5% |
| 3 years (annualised) | 9.7% |
AVPUX Risk Information
Risk metrics for AVPUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.4%
AVPUX Costs and Fees
AVPUX costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.89%
- Portfolio turnover: 24%
- Brokerage commissions: 0.69 bps of average net assets (SEC N-CEN)
AVPUX Cashflows
Over the 12 months to 2024-03, VP Ultra Fund had net inflows of $44.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $26.37M |
| 2024-02 | −$5.51M |
| 2024-01 | −$809.04K |
| 2023-12 | $28.28M |
| 2023-11 | $8.00M |
| 2023-10 | −$2.18M |
AVPUX Debt Constituents
No individual debt constituents are reported in VP Ultra Fund's latest SEC N-PORT filing.
AVPUX Prospectus and SEC Filings
Official VP Ultra Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-14
- Prospectus supplement (497) — filed 2023-07-31
- Prospectus supplement (497) — filed 2022-07-29
- 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 Leveraged 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.