Heritage Fund
American Century Mutual Funds, Inc. · 9 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Heritage Fund is an actively managed U.S. equity fund. 52% of TWHIX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% 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 · 2026 Q1
The fund seeks long-term capital growth.
The fund invests in common stocks of medium-sized companies selected for attractive returns on invested capital and signs of business improvement such as accelerating earnings growth or strengthening cash flows. The portfolio managers rely on fundamental analysis of individual companies rather than economic forecasts to identify stocks with favorable growth prospects. The fund may also hold smaller- and larger-sized companies and foreign securities when they meet selection criteria, and may write covered calls on a portion of holdings. Because investment decisions depend on the portfolio managers' analysis of individual company characteristics, performance will diverge from broad market returns.
| Share class | Gross | Net |
|---|---|---|
| TWHIX | 1.00% | 1.00% |
| ATHAX | 1.25% | 1.25% |
| ATHIX | 0.80% | 0.80% |
| AHGCX | 2.00% | 2.00% |
| ATHWX | 1.50% | 1.50% |
| ATHDX | 0.65% | 0.65% |
| ATHGX | 0.80% | 0.80% |
| ATHYX | 0.65% | 0.65% |
| ACILX | 0.65% | 0.00% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 62.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.18% |
| Cash & short-term | 1.87% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 26.4% |
| Information Technology | 18.5% |
| Consumer Discretionary | 16.8% |
| Health Care | 15.0% |
| 9 smaller | 23.3% |
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
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
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +12.48% | +50.51% | +21.39% | 15.26% | -14.47% | |
| +12.18% | +49.37% | +19.87% | 15.26% | -14.51% | |
| +12.70% | +51.43% | +22.61% | 15.29% | -14.44% | |
| +11.24% | +45.99% | +15.31% | 15.15% | -14.75% | |
| +11.93% | +48.25% | +18.40% | 15.21% | -14.59% | |
| +12.89% | +52.09% | +23.53% | 15.31% | -14.41% | |
| +12.70% | +51.41% | +22.60% | 15.27% | -14.40% | |
| +12.84% | +52.09% | +23.52% | 15.25% | -14.41% | |
| +13.58% | +55.06% | — | 15.26% | -14.25% |
These classes hold the same portfolio, so the 9.07pp spread over 3 years is the cost difference between them — roughly 3.02pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| VRT | Vertiv Holdings CoVRT | 4.69% | $328.49 | $251.44M | 765.4K |
| HLT | Hilton Worldwide Holdings IncHLT | 4.39% | $324.07 | $235.57M | 726.9K |
| HWM | Howmet Aerospace IncHWM | 4.01% | $243.04 | $215.22M | 885.5K |
| PWR | Quanta Services IncPWR | 3.36% | $727.77 | $180.28M | 247.7K |
| MPWR | Monolithic Power Systems IncMPWR | 3.03% | $1,614.41 | $162.61M | 100.7K |
| RCL | Royal Caribbean Cruises LtdRCL | 2.71% | $263.76 | $145.19M | 550.5K |
| NET | Cloudflare IncNET | 2.70% | $204.97 | $144.88M | 706.8K |
| ALNY | Alnylam Pharmaceuticals IncALNY | 2.38% | $309.49 | $127.89M | 413.2K |
| TRGP | Targa Resources CorpTRGP | 2.22% | $260.08 | $118.88M | 457.1K |
| CVNA | Carvana CoCVNA | 1.93% | $395.80 | $103.65M | 261.9K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 31.41% of net assets, top 25 56.34%, across 83 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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