Any investors hoping to find a Large Cap Growth fund could think about starting with American Century Ultra Investor (TWCUX). TWCUX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.

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TWCUX is classified in the Large Cap Growth segment by Zacks, an area full of possibilities. Companies are usually considered to be large-cap if their stock market valuation is more than $10 billion. Large Cap Growth mutual funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers.

TWCUX is a part of the American Century family of funds, a company based out of Kansas City, MO. American Century Ultra Investor made its debut in November of 1981, and since then, TWCUX has accumulated about $21.93 billion in assets, per the most up-to-date date available. The fund is currently managed by a team of investment professionals.

Of course, investors look for strong performance in funds. TWCUX has a 5-year annualized total return of 18.88% and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 8.21%, which places it in the middle third during this time-frame.

It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.

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When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, TWCUX’s standard deviation comes in at 22.22%, compared to the category average of 14.93%. The fund’s standard deviation over the past 5 years is 22.58% compared to the category average of 15.82%. This makes the fund more volatile than its peers over the past half-decade.

Investors should not forget about beta, an important way to measure a mutual fund’s risk compared to the market as a whole. TWCUX has a 5-year beta of 1.17, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio’s performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. With a positive alpha of 1.25, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

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