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Fund Times

American Century Small-Cap Fund Reopens

Topnotch offering had been closed since 2001.

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One of American Century's better funds has reopened to new investors after being closed for more than seven years.

 American Century Small Cap Value (ASVIX) reopened on April 20, 2009. It is managed by Ben Giele and James Pitman. Giele has been at the helm for more than 10 years, and the fund has been a fine performer under his leadership. The fund ranks in the top 10% of small-cap value funds for the 10 years through the end of March 2009. It has also held up better than most of its peers during the current bear market, though it has sustained substantial losses.

Gregg Wolper does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.