U.S. Large Cap Quality Growth

Summary

STRATEGY FACTS

As of 12/31/2018 tooltip

When Listed:

Mutual funds and CIT only available in the United States.

SICAVs only available in certain non-U.S. countries. Please check country availability.

Available Vehicles Separate Account
CIT
Mutual Fund
Investment Universe U.S. Large Cap Growth Equity
Benchmark Russell 1000® Growth Index
Inception Date 01/01/1990
Total Assets $3.88 B

TARGET

Tracking Error 3% - 6% over a standard market cycle
Excess Return 1.5% - 3% over a standard market cycle

INVESTMENT TEAM

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Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.

Keith Lee, CFA

Michael Li, PhD

Chris Krantz, CFA, CPA

6 Investment Analysts

1 Client Portfolio Manager

Documents & Resources

 

The U.S. Large Cap Quality Growth strategy seeks highly profitable companies with the capacity for future growth. The team systematically identifies potential investment opportunities when they demonstrate improving fundamentals, price momentum and attractive valuations. The ultimate goal is to identify quality companies and invest in them at the right time.

Our time-tested philosophy of growth investing:

  • Focuses on the early recognition of signs of business improvement, which allows us to identify stocks near the beginning of a cycle of improving earnings, increasing earnings estimates and expanding stock price multiples.
  • Directs us to research different companies than other growth managers, as we do not require an absolute threshold of earnings or revenue growth.
  • Allows us to take advantage of both the normal price appreciation that results from a company's earnings growth and the market's re-rating of a company's price-to-earnings multiple.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR*
U.S. Large Cap Quality Growth (gross) -16.07% -2.63% -2.63% 10.54% 10.40% 14.97%
U.S. Large Cap Quality Growth (net) -16.23% -3.40% -3.40% 9.54% 9.37% 13.86%
Standard Deviation --- --- 16.66% 12.15% 11.84% 14.11%
Sharpe Ratio --- --- -0.27 0.79 0.83 1.04
Russell 1000 Growth -15.89% -1.51% -1.51% 11.15% 10.40% 15.29%
Excess Return -0.18% -1.12% -1.12% -0.61% -0.01% -0.32%
Tracking Error --- --- 1.68% 1.92% 2.18% 2.48%
Information Ratio --- --- -0.66 -0.32 0.00 -0.13

*Annualized

Sources: Frank Russell Co., FactSet

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

For a presentation that complies with the GIPS® standards, click here .

For purposes of compliance with the Global Investment Performance Standards ("GIPS®"), the Firm is defined as American Century Investment Management, Inc. ("ACIM"). ACIM claims compliance with GIPS®. ACIM claims compliance with the Global Investment Performance Standards (GIPS®). The U.S. Large Cap Quality Growth Equity composite includes portfolios that invest in large capitalization companies whose growth is accelerating while managing risk relative to the benchmark. Index futures (and currency forwards and futures, where applicable or appropriate) are occasionally used to equitize cash and manage portfolio risk. Other derivative instruments may be used, as allowed, as part of the investment strategy. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.

The Russell 1000® Index is a trademark/service mark of the Frank Russell Company. Russell® is trademark of the Frank Russell Company.