Summary
American Century Heritage Investor Class is a mutual fund run by American Century. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 85. The ten largest make up 26% of the fund.
- Yearly costs
- 1.00%
- Fund size
- $5.37B
- Positions
- 85
- Dividend yield
- 21.69%
- Running since
- 1987
What speaks for it
- A large fund with $5.37B under management.
- It has been running since 1987.
What to watch
- 90% of the fund is in one country (United States).
- High costs: 1.00% a year.
- In the last five years its price once dropped by 47% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.4%
- 3 months
- -4.3%
- This year
- -0.9%
- 1 year
- -21%
- 3 years
- +7.5%
- 5 years
- -30%
- 10 years
- -6.0%
- Avg. market cap
- $49.5B
- P/E
- 40.7x
- Forward P/E
- 33.2x
- P/S
- 3.0x
- P/B
- 9.1x
- P/FCF
- 42.6x
- EV/EBITDA
- 29.2x
- Dividend yield
- 0.22%
- ROIC
- 7.4%
- ROE
- 20.7%
- Gross margin
- 49.9%
- Operating margin
- 10.1%
- Net margin
- 9.3%
- Payout ratio
- 8.9%
- Net debt/EBITDA
- 3.2x
- Beta
- 1.17
Weighted average of the 50 largest companies, which make up 77% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 SNSnowflake SNOW 3.3%
- 2 DDDatadog DDOG 3.2%
- 3 NECloudflare NET 2.9%
- 4 US DOLLARS 2.6%
- 5 ALAlnylam Pharmaceuticals ALNY 2.4%
- 6 HWHowmet Aerospace HWM 2.4%
- 7 FIComfort Systems USA FIX 2.3%
- 8 HLHilton Worldwide Holdings Inc. HLT 2.3%
- 9 RKRocket Lab USA RKLB 2.2%
- 10 ALAstera Labs ALAB 2.0%
Positions in the fund: 85. The ten largest make up 26% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy country
- United States 90%
- Canada 1.4%
- Ireland 1.0%
- Cayman Islands 1.0%
- Other countries 6.3%
By company size
- Large cap 96%
- Mid cap 3.4%
- Small cap 1.0%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest country: United States (90%). Largest size group: Large cap (96%).
What does it cost me?
Expensive- Yearly costs
- 1.00%
- A year from $10,000
- $100
- Over 20 years
- $4,622
From every $10,000 invested the fund takes $100 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $4,622.
How has it done?
Losing value- A year on average, 10 years
- -0.6%
- Deepest drop
- -47%
- Yearly volatility
- 28%
Average yearly decline over the last ten years: 0.6%. Deepest drop in these years: 47% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 21.69%
- Payments a year
- 1
- Last payment
- $4.60
Over the last 12 months it paid $4.60 per share, which is 21.69% of today's price. The last payment was $4.60 on Dec 16, 2025.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 40.7
- Average Bulios Score
- 57 out of 100
Weight by Bulios Fair Price
- Undervalued 3.3%
- Fairly valued 4.4%
- Overvalued 92%
On average the companies inside trade for 40.7 times their yearly profit. By Fair Price, 92% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 77% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
AC ACMG American Century Mid Cap Growth Impact ETF | United States | 0.39% | $103.6M | - | Pays out | 55% |
IW IWP iShares Russell Mid-Cap Growth ETF | United States | 0.23% | $18.9B | -5.1% | Pays out | 45% |
FE FEMG Fidelity Enhanced Mid Cap Growth ETF | United States | 0.23% | $5.10M | - | Pays out | 43% |
VO VOT Vanguard Morningstar Mid-Cap Growth ETF | United States | 0.05% | $33.2B | -0.1% | Pays out | 38% |
JM JMID Janus Henderson Mid Cap Growth Alpha ETF | United States | 0.30% | $22.7M | +5.7% | Pays out | 30% |
AE AEMG Harbor AlphaEdge Mid Cap Growth ETF | United States | 0.38% | $1.97M | - | - | 29% |