American Century ULTRA perf

American Century ULTRA perf

am 09.03.2006 20:56:29 von Phil Schuman

In looking at my large growth funds,
I noticed that American Century Ultra
only turned in about 5% last year
vs my other large growth holdings...
ie - Fidelity Growth at 25%

Wondering if I should hold Ultra for the coming year ?

American Century Ultra 5%

Re: American Century ULTRA perf

am 11.03.2006 12:16:47 von the_sarp

Phil Schuman wrote:
> In looking at my large growth funds,
> I noticed that American Century Ultra
> only turned in about 5% last year
> vs my other large growth holdings...
> ie - Fidelity Growth at 25%
>
> Wondering if I should hold Ultra for the coming year ?
>
> American Century Ultra 5%

James K. Glassman, writing in "The Secret Code of the Superior
Investor," says you should judge a mutual fund by the following
criteria.

1. a record of at least 5 years' consistent growth under the same
manager;

2. low turnover

3. low expenses

4. intelligently-balanced portfolio.

There is more to it than that, but this is where he would start.

Does the Ultra meet any of those criteria?

the sarp

Re: American Century ULTRA perf

am 11.03.2006 19:33:55 von Phil Schuman

At 07:29 AM 3/10/06 -0800, you wrote:
>I put American Century Ultra in the "aggressive growth" category, and
>compare it to other funds of its class. You're right, it has not done
well.
>In fact, it has consistently underperformed the benchmark I have
assigned to
>it (s&p500) for about the last 4 years, and is near the category's
basement.
>I'd recommend you look elsewhere within this category.
>
>Oddly enough, American Century Gifttrust is zooming right now, but I
>wouldn't recommend it.
>
>Vanguard Capital Opportunity looks good, but is probably closed to new
>investors. An interesting alternative would be Vanguard Primecap Core;
new,
>but with experienced managers. Also, Vanguard Strategic Equity. And
>Bridgeway Aggressive 1, but also probably closed.
>
>Also Wells Fargo Advantage Discovery has been looking great for about
the
>last 6 years. Rather ironic; it used to be the Strong Discovery fund,
and it
>totally sucked from 1996 through 1999. In fact, they were thinking
about
>putting it out of its misery.
>
>Good luck,
> Randy

Re: American Century ULTRA perf

am 11.03.2006 19:45:37 von Phil Schuman

"Phil Schuman" <> wrote in message
news:nKEQf.45951$
> At 07:29 AM 3/10/06 -0800, you wrote:
> >I put American Century Ultra in the "aggressive growth" category, and
> >compare it to other funds of its class. You're right, it has not done
> well.
> >In fact, it has consistently underperformed the benchmark I have
> assigned to
> >it (s&p500) for about the last 4 years, and is near the category's
> basement.
> >I'd recommend you look elsewhere within this category.
> >
> >Oddly enough, American Century Gifttrust is zooming right now, but I
> >wouldn't recommend it.
> >
> >Vanguard Capital Opportunity looks good, but is probably closed to
new
> >investors. An interesting alternative would be Vanguard Primecap
Core;
> new,
> >but with experienced managers. Also, Vanguard Strategic Equity. And
> >Bridgeway Aggressive 1, but also probably closed.
> >
> >Also Wells Fargo Advantage Discovery has been looking great for about
> the
> >last 6 years. Rather ironic; it used to be the Strong Discovery fund,
> and it
> >totally sucked from 1996 through 1999. In fact, they were thinking
> about
> >putting it out of its misery.
> >
> >Good luck,
> > Randy
>

I wish there was a grouping listed actually called - Aggressive Growth
:)
I'll have to take a look around...
I only have two funds at American Century -
Ultra & Intl Bond - both in the basement.
I'll just cash out and add to my other holdings at Fidelity, Vanguard, &
TRowe,
and do some consolidation - vs adding yet another fund to the mix.