American Century NVIT Multi Cap Value Fund
Data updated: 2026-08-26
C000074469 — American Century NVIT Multi Cap Value Fund. United States Large Cap Value Equity · $1.13B AUM. Holdings, fees, performance and SEC filings.
C000074469 Fund Overview
American Century NVIT Multi Cap Value Fund is a US mutual fund managed by Nationwide Variable Insurance Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nationwide Variable Insurance Trust
- Category: United States Large Cap Value Equity
- Assets under management: $1.13B
- 1-year return: 25.0%
- SEC CIK: 0000353905
- SEC series ID: S000025032
- Share class ID: C000074469
C000074469 Investment Objective and Strategy
American Century NVIT Multi Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nationwide Variable Insurance Trust.
Investment objective
The NVIT BNY Mellon Dynamic U.S. Equity Income Fund seeks capital appreciation.
Principal investment strategy
The Fund seeks to provide investors with capital appreciation, and secondarily current income, by outperforming the Russell 1000 Value Index over a full market cycle while maintaining a similar level of market risk as the index. To achieve this goal, the Funds subadviser seeks to identify and construct the most optimal portfolio that targets an equity-like level of volatility by allocating assets among equity securities, money market instruments, futures contracts the value of which are derived from the performance of equity indexes and U.S. Treasury bonds (which are government-issued fixed income securities), and options on equity index and U.S. Treasury bond futures. Futures and options are derivatives and expose the Fund to leverage. In addition, the Fund may write (sell) covered call options to enhance returns and/or to limit volatility.
Investors in the Fund should have a long-term perspective and be able to tolerate potentially sharp declines in value. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities of U.S. issuers, primarily common stocks. Equity securities represent an ownership interest in the issuer. Equity securities also may include preferred stocks, convertible securities and derivatives the value of which are linked to equity securities of U.S. issuers. A U.S. issuer is a company whose stock is listed on the New York Stock Exchange or NASDAQ. The Fund also may invest up to 20% of its net assets in securities of foreign companies, which are companies organized under the laws of countries other than the United States, and which trade in markets other than the New York Stock Exchange or NASDAQ.
Although the Fund typically invests in seasoned issuers, it may, depending on the appropriateness to the Fund's strategy and availability in the marketplace, purchase securities of companies in initial public offerings (IPOs) or shortly thereafter, which can be subject to greater volatility than seasoned issuers. The subadvisers investment process is designed to provide investors with investment exposure to sector weightings and risk characteristics generally similar to those of the Russell 1000 Value Index, although the Fund may emphasize one or more particular sectors at times. The Funds subadviser employs a value style of investing, focusing on dividend-paying stocks and other investments and investment techniques that provide income. The subadviser identifies potential investments through extensive quantitative and fundamental analysis, using a bottom-up approach that emphasizes three key factors: ?
Value : quantitative screens track traditional measures, such as price-to-earnings, price-to-book and price-to-sales ratios, which are analyzed and compared against the market; ? Sound business fundamentals : a company's balance sheet and income data are examined to determine the company's financial history; and ? Positive business momentum : a company's earnings and forecast changes are analyzed and sales and earnings trends are reviewed to determine the company's financial condition or the presence of a catalyst that will trigger a price increase near- to mid-term. Money market instruments serve primarily as cover for the Funds derivatives positions, although the subadviser also at times allocates assets to money market instruments in order to hedge against equity market risk. Money market instruments are high-quality short-term debt securities issued by governments and corporations.
The Fund obtains exposure to U.S. Treasury bonds by purchasing futures contracts on U.S. Treasury bonds included in the Bloomberg U.S. Long Treasury Index. The Fund also may purchase options on U.S. Treasury bond futures contracts. The Fund uses U.S. Treasury bond futures and options to hedge against equity market risks. It is possible, however, that the Fund could lose money on both its equity investments and its bond exposures at the same time. In determining what the subadviser believes to be the optimal allocation among equities, U.S. Treasury bonds and money market instruments, the subadviser uses estimates of future returns and volatility. When the subadviser believes that equity markets appear favorable, it uses leverage generated by futures and options to increase the Funds equity exposure.
When equity markets appear to be unfavorable, the subadviser reduces the Funds equity exposure through the use of equity index futures and related options. It also may allocate assets to U.S. Treasury bond futures and related options and/or money market instruments. By combining equity securities, futures on stock indexes and U.S. Treasury bonds, call options and money market instruments in varying amounts, the subadviser adjusts the Funds overall equity exposure within a range of 80%150% of the Funds net assets. The subadviser regularly reviews the Fund's investments and will consider selling an investment when the subadviser believes such investment is no longer attractive as a result of price appreciation or a change in risk profile, or because other available investments are considered to be more attractive.
The Fund is designed for investors seeking capital appreciation, and secondarily current income, by investing in a portfolio of equity and debt securities, and derivatives with investment characteristics similar to equity and debt securities, in order to achieve enhanced equity returns while maintaining a level of volatility risk that is similar to the Russell 1000 Value Index.
C000074469 Holdings
Top 10 holdings of American Century NVIT Multi Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com, Inc. | 4.54% |
| JPMorgan Chase & Co. | 3.65% |
| UnitedHealth Group, Inc. | 3.40% |
| Berkshire Hathaway, Inc. | 2.96% |
| Fifth Third Bancorp | 2.94% |
| Cisco Systems, Inc. | 2.90% |
| Assurant, Inc. | 2.88% |
| Johnson & Johnson | 2.67% |
| United States of America | 2.37% |
| Colgate-Palmolive Co. | 2.19% |
C000074469 Portfolio Allocation
Asset-class allocation of American Century NVIT Multi Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 92.0% |
| Cash & Equivalents | 4.0% |
| Derivatives | 0.2% |
C000074469 Performance
Total returns for C000074469 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 13.9% |
| 1 year | 25.0% |
| 3 years (annualised) | 18.3% |
| 5 years (annualised) | 13.2% |
C000074469 Risk Information
Risk metrics for C000074469, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.3%
C000074469 Costs and Fees
C000074469 costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.87%
- Portfolio turnover: 84%
- Brokerage commissions: 5.19 bps of average net assets (SEC N-CEN)
C000074469 Cashflows
Over the 12 months to 2026-06, American Century NVIT Multi Cap Value Fund had net inflows of $446.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$11.86M |
| 2026-05 | −$9.72M |
| 2026-04 | −$14.57M |
| 2026-03 | −$13.88M |
| 2026-02 | −$14.50M |
| 2026-01 | −$12.13M |
C000074469 Debt Constituents
No individual debt constituents are reported in American Century NVIT Multi Cap Value Fund's latest SEC N-PORT filing.
C000074469 Prospectus and SEC Filings
Official American Century NVIT Multi Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-16
- Prospectus (485BPOS) — filed 2025-04-17
- Prospectus supplement (497) — filed 2024-09-12
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-18
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-09
- Annual census (N-CEN) — filed 2025-03-05
Related Funds
Other United States Large Cap Value 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.