ATHIX - American Century Heritage Inst

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American Century Heritage Inst (ATHIX)
Expense Ratio: 0.81%
Expected Lifetime Fees: $24,601.35

The American Century Heritage Inst fund (ATHIX) is a Mid-Cap Growth fund started on 06/16/1997 and has $3.80 billion in assets under management. The current manager has been running American Century Heritage Inst since 03/3/2007. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

Vanguard Mid-Cap Growth ETF (VOT)
Expense Ratio: 0.10%
Expected Lifetime Fees: $3,271.86

The Vanguard Mid-Cap Growth ETF (VOT) is an Exchange Traded Fund. It is a "basket" of securities that index the Mid-Cap Growth investment strategy and is an alternative to a Mid-Cap Growth mutual fund. Fees are very low compared to a comparable mutual fund like American Century Heritage Inst because computers automatically manage the stocks.

The Following Mid-Cap Growth Funds Have Lower Fees Than American Century Heritage Inst (ATHIX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Allianz RCM Mid-Cap Instl DRMCX 133.0% 330 0.78%
Columbia Acorn Z ACR1Z 18.0% 16,800 0.77%
Columbia Acorn Z ACRNX 18.0% 16,800 0.77%
Columbia Acorn Z ACRTZ 18.0% 16,800 0.77%
Dreyfus/The Boston Co Sm/Md Cp Gr I SDSCX 180.8% 582 0.77%
Eagle Mid Cap Stock I HMCJX 242.0% 739 0.79%
Fidelity Advisor Mid Cap Growth I FGCOX 160.0% 255 0.68%
Fidelity Advisor Stock Selector Mid Cp I FMCCX 198.0% 1,700 0.64%
Fidelity Growth Strategies FDEGX 165.0% 1,700 0.79%
Fidelity Mid Cap Growth FSMGX 160.0% 255 0.79%
Franklin Small-Mid Cap Growth Adv FSGAX 44.4% 3,400 0.75%
Hartford Midcap Y HMDYX 70.0% 3,000 0.77%
Invesco Dynamics Fund Institutional Class IDICX 141.0% 822 0.72%
Janus Enterprise Fund Class I JMGRX 15.0% 2,400 0.73%
Morgan Stanley Inst Mid Cap Growth I MPEGX 35.0% 6,300 0.70%
Neuberger Berman Mid Cap Growth Inst NBMLX 49.0% 620 0.76%
Nicholas II I NCTWX 27.9% 541 0.65%
Pioneer Select Mid Cap Growth Y PMTYX 81.0% 462 0.71%
PRIMECAP Odyssey Aggressive Growth POAGX 11.3% 1,200 0.69%
Principal MidCap Blend Inst PCBIX 33.2% 2,700 0.65%
Prudential Jennison Mid Cap Growth Fund, Inc Class Q PJGQX 45.0% 4,800 0.61%
Prudential Jennison Mid Cap Growth Z PEGZX 45.0% 4,800 0.79%
T. Rowe Price Instl Mid-Cap Equity Gr PMEGX 38.3% 2,800 0.63%
T. Rowe Price Mid-Cap Growth RPMGX 30.6% 17,500 0.80%
TIAA-CREF Mid-Cap Growth Instl TRPWX 81.0% 1,300 0.49%
TIAA-CREF Mid-Cap Growth Premier TRGPX 81.0% 1,300 0.64%
Vanguard Mid Cap Growth Inv VMGRX 127.0% 2,100 0.53%
Vanguard Mid-Cap Growth Index Inv VMGIX 41.0% 2,500 0.24%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.