EMBC - American Century Small Cap Value Fund Q4 2024 Commentary
2025-02-18 23:00:00 ET
Summary
- Despite persistent inflation and continued strength in the economy, the Federal Reserve cut interest rates twice, totaling 0.5%, after an initial 0.5% interest rate cut in September.
- Stock selection within the sector hindered results. Axcelis Technologies and Amkor Technology underperformed on investor concerns about weakness in semiconductor capital spending.
- The portfolio seeks to invest in small-cap companies where we believe the valuation does not reflect the quality and normal earnings power of the company.
Average Annual Total Returns for Period Ended 12/31/2024
Class |
Qtr(%) |
1 Year(%) |
3 Year(%) |
5 Year(%) |
10 Year(%) |
Since Inception(%) |
Inception Date |
Gross Expense Ratio(%) |
Investor |
0.07 |
7.20 |
2.00 |
9.62 |
9.01 |
10.82 |
7/31/98 |
1.09 |
I |
0.04 |
7.42 |
2.18 |
9.83 |
9.22 |
11.29 |
10/26/98 |
0.89 |
R5 |
0.04 |
7.41 |
2.20 |
9.84 |
9.22 |
8.84 |
4/10/17 |
0.89 |
R6 |
0.18 |
7.58 |
2.36 |
10.01 |
9.39 |
9.58 |
7/26/13 |
0.74 |
Russell 2000 Value Index |
-1.06 |
8.05 |
1.94 |
7.29 |
7.14 |
- |
- |
- |