MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 6, 2022 A $231B-AUS Firm Adds a Small Cap Fund A $231-billion-AUS (as of March 21) asset manager's team is rolling out a new mutual fund powered by a duo that already runs a $6.1-billion, five-star, 24-year-old fund together.
Ryan Cope, a portfolio manager at American Century, and Jeff John, vice president and senior portfolio manager, will PM the new fund together. (They already PM the American Century Small Cap Value Fund.) The new fund is powered by the American Century team's U.S. Small Cap Income strategy, which launched in October 2017. "We are pleased to expand this investment opportunity to more clients," Zhang states, describing the new fund as a way to offer access to the experience of the "American Century Global Value Equity team and a history of small cap income investing, but in a mutual fund." The new fund comes in six share classes. A shares (AMAHX) come with an expense ratio of 134 basis points, plus up to 575 basis points in up front load. I shares come with an expense ratio of 89 bps. Investor shares come with an expense ratio of 109 bps, plus up to $25 in annual account maintenance fees for accounts under $10,000. R shares come with an expense ratio of 159 bps. R6 shares come with an expense ratio of 74 bps. And G shares come with an expense ratio (after a permanent fee waiver of 74 bps) of 0 bps, though G shares are only for use inside other American Century offerings (which already have their own fees). American Century Investment Management, Inc. serves as the new fund's investment advisor, American Century Investment Services, Inc. (ACIS) serves as the fund's distributor and principal underwriter, and American Century Services, LLC (ACS) serves as the fund's administrator, dividend-paying agent, and transfer agent. The fund's other service providers include: Deloitte & Touche LLP as independent accounting firm; and State Street Bank and Trust Company (SSB) as custodian, securities lending agent, and sub-administrator. Printed from: MFWire.com/story.asp?s=64228 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
