- Issuer
- American Century
- Inception Date
- Jul 29, 2005
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
AFEIX Performance Chart
American Century Large Cap Equity Fund Institutional Class (AFEIX) is up 7.4% since the beginning of the year. AFEIX is currently trading at $51 per share. Investors who bought $1,000 worth of AFEIX shares 5 years ago would now be looking at an investment worth $1,675.
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Returns By Period
American Century Large Cap Equity Fund Institutional Class (AFEIX) has returned 7.35% so far this year and 21.41% over the past 12 months. Looking at the last ten years, AFEIX has achieved an annualized return of 14.64%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
American Century Large Cap Equity Fund Institutional Class
- 1D
- 1.00%
- 1M
- 0.98%
- YTD
- 7.35%
- 6M
- 6.93%
- 1Y
- 21.41%
- 3Y*
- 16.08%
- 5Y*
- 10.87%
- 10Y*
- 14.64%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AFEIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2006, AFEIX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.3%, while the worst month was Oct 2008 at -16.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, AFEIX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.1%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.13% | -1.16% | -5.75% | 10.60% | 3.67% | -0.62% | 7.35% | ||||||
| 2025 | 2.24% | -2.60% | -6.83% | -0.87% | 6.35% | 4.88% | 1.75% | 2.19% | 2.83% | 1.79% | 0.32% | -0.51% | 11.41% |
| 2024 | 1.91% | 5.59% | 3.19% | -4.77% | 4.47% | 3.07% | 0.50% | 2.26% | 1.74% | -2.05% | 5.54% | -2.65% | 19.80% |
| 2023 | 6.10% | -2.61% | 3.50% | 0.89% | 0.69% | 5.90% | 3.57% | -1.84% | -4.86% | -1.79% | 8.63% | 4.83% | 24.47% |
| 2022 | -6.01% | -3.58% | 2.67% | -9.11% | -0.73% | -7.78% | 9.35% | -4.03% | -8.96% | 8.86% | 6.42% | -5.88% | -19.36% |
| 2021 | -1.30% | 2.68% | 3.92% | 5.59% | 0.33% | 2.74% | 2.74% | 3.35% | -5.05% | 8.31% | -1.24% | 4.29% | 28.92% |
Benchmark Metrics
American Century Large Cap Equity Fund Institutional Class has an annualized alpha of 1.86%, beta of 1.00, and R2 of 0.99 versus S&P 500 Index. Calculated based on daily prices since January 03, 2006.
- This fund captured 105.43% of S&P 500 Index gains but only 96.80% of its losses - a favorable profile for investors.
- With beta of 1.00 and R2 of 0.99, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.86%
- Beta
- 1.00
- R²
- 0.99
- Upside Capture
- 105.43%
- Downside Capture
- 96.80%
Expense Ratio
AFEIX has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AFEIX ranks 38 for risk / return — below 38% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Century Large Cap Equity Fund Institutional Class (AFEIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFEIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.78 | -0.70 |
| Martin ratioReturn relative to average drawdown | 9.26 | 12.44 | -3.18 |
Dividends
Dividend History
American Century Large Cap Equity Fund Institutional Class provided a 21.78% dividend yield over the last twelve months, with an annual payout of $11.20 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $11.20 | $11.20 | $3.65 | $0.93 | $0.32 | $1.25 | $0.23 | $0.26 | $2.22 | $0.87 | $0.31 | $0.27 |
Dividend yield | 21.78% | 23.38% | 6.88% | 1.97% | 0.83% | 2.58% | 0.60% | 0.80% | 9.11% | 3.14% | 1.38% | 1.28% |
Monthly Dividends
The table displays the monthly dividend distributions for American Century Large Cap Equity Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.20 | $11.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.65 | $3.65 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $1.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Century Large Cap Equity Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Century Large Cap Equity Fund Institutional Class was 52.69%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current American Century Large Cap Equity Fund Institutional Class drawdown is 1.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -52.69%Mar 2009 | 1y 5mo | 3y 5d | 4y 5moOct 2007 - Mar 2012 |
COVID crash2020 | -34.33%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
Bear market2022 | -26.42%Sep 2022 | 9mo 6d | 1y 2mo | 1y 12moDec 2021 - Dec 2023 |
2025 selloff2025 | -20.51%Apr 2025 | 2mo 14d | 3mo 16d | 6moJan 2025 - Jul 2025 |
Rate-hike selloffLate 2018 | -20.03%Dec 2018 | 2mo 23d | 3mo 11d | 6mo 4dOct 2018 - Apr 2019 |
Drawdown Indicators
| AFEIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.69% | -56.78% | +4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -9.10% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -18.90% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -25.43% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -33.92% | -0.41% |
Current DrawdownCurrent decline from peak | -1.29% | -1.80% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -10.71% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.03% | +0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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