American Century Mid Cap Value Fund Q3 2024 Commentary

(10min)

Summary

  • U.S. stocks advanced as the Fed's 0.5% interest rate cut aimed to prevent labor market weakness and maintain economic resilience.
  • Value stocks outperformed growth stocks, with small- and mid-cap stocks surpassing large-cap peers; utilities and information technology sectors boosted performance.
  • Key contributors included Mohawk Industries, Universal Health Services, and F5, while Dollar Tree, Occidental Petroleum, and Zimmer Biomet Holdings detracted.
  • Portfolio focuses on higher-quality, durable stocks, attractive valuations in health care, opportunities in consumer staples, and navigating challenges in the financials sector.

Five stacks of coloured coins with a graph line above


Richard Drury

Average Annual Total Returns for Period Ended 9/30/2024

Since

Inception

Gross Expense

Class

Qtr(%)

1 Year(%)

3 Year(%)

5 Year(%)

10 Year(%)

Inception(%)

Date

Ratio(%)

Investor

10.76

23.26

7.77

9.29

8.94

9.87

3/31/04

0.98

This article was written by

American Century Investments® is a leading asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve health and save lives. It’s how we help our clients Prosper With Purpose. Every day people are increasingly focused on investing to make the world a better place for themselves, their families, their organizations, and the world at large. It is possible to live a more meaningful and impactful life and give back something that’s more valuable than money. When you invest with us, you can also invest in the future of others and have the potential to impact the lives of millions. That’s possible because of the distinct relationship with the Stowers Institute for Medical Research, which owns more than 40% of American Century Investments. Our dividend payments provide the ongoing financial support for the Institute’s work of uncovering the causes, treatments and prevention of life-threatening diseases, like cancer. Together we can become a powerful force for good…it’s like nothing you’ve seen before from an investment management firm. Note: American Century Investments is not an analyst publishing actively on Seeking Alpha; rather, our editors excerpt and republish from American Century Investments' publicly-available statements and letters.

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