Focused Large Cap Value Fund

American Century Capital Portfolios, Inc. · 8 share classes

Actively managed U.S. equity fund
One fund, 8 share classes:ALVIXALPAXALVSXALPCXALVRXALVDXALVGXACFLX
$2.93B NAV
55 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

Focused Large Cap Value Fund is an actively managed U.S. equity fund. 0% of ALVIX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2025 Q3

The fund seeks long-term capital growth.

Strategy · summarised

The fund invests at least 80% of assets in large-capitalization stocks within the Russell 1000 Index range, selecting companies whose stock prices the managers believe undervalue the business; stocks are held until price reaches estimated fair value and then sold. The fund typically holds 30–50 stocks and may include foreign securities meeting the same valuation criteria. Because the fund concentrates in a limited number of holdings, performance depends heavily on the success of those individual picks.

Expenses
0.01% 1.84%across 8 share classes
Share classGrossNet
ALVIX0.84%0.84%
ALPAX1.09%1.09%
ALVSX0.64%0.64%
ALPCX1.84%1.84%
ALVRX1.34%1.34%
ALVDX0.49%0.49%
ALVGX0.64%0.64%
ACFLX0.49%0.01%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 51.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.81%
of net assets
Stocks98.57%
Cash & short-term1.23%
Derivatives0.01%

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Financials22.1%
Health Care14.8%
Information Technology12.2%
Industrials10.6%
9 smaller40.3%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
0%of stock holdings in top-quartile growers
covering 87% of the fund’s equity
Earnings growth
6%of stock holdings in top-quartile growers
covering 83% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 11 new9 exited

Largest new: AMZN, AAPL, TEL, State Street Bank & Trust Co, L'Oreal SA, HONA, BANK OF AMERICA N.A. ×2

Largest exited: FFIV, Infineon Technologies AG, State Street Bank & Trust Co, VZ, ZBH, SYY, GOLDMAN SACHS + CO LLC, JPMORGAN CHASE BANK N.A

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+21.74%+41.46%+57.55%11.30%-7.24%
+21.46%+40.43%+55.60%11.43%-7.31%
+22.06%+42.39%+59.19%11.33%-7.19%
+20.51%+37.36%+49.90%11.41%-7.48%
+21.12%+39.30%+53.70%11.34%-7.35%
+22.14%+42.92%+60.28%11.47%-7.15%
+22.04%+42.34%+59.27%11.42%-7.18%
+22.66%+44.88%11.38%-7.13%

These classes hold the same portfolio, so the 7.52pp spread over 3 years is the cost difference between them — roughly 2.51pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Marsh & McLennan Cos IncMRSH3.98%$116.84M
Microsoft CorpMSFT3.74%$109.63M
Duke Energy CorpDUK3.56%$104.38M
Berkshire Hathaway IncBRK/B3.42%$100.32M
Johnson & JohnsonJNJ3.22%$94.52M
Amazon.com IncAMZN3.21%$94.14M
JPMorgan Chase & CoJPM3.21%$94.07M
Becton Dickinson & CoBDX3.16%$92.72M
Enterprise Products Partners LP2.75%$80.65M
Blackrock IncBLK2.70%$79.25M
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Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 32.96% of net assets, top 25 65.91%, across 53 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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