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Total Cost of Ownership Report

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American Century Mutual Funds, Inc: Ultra Fund; Investor Class Shares

Over the 12 months ending November 30, 2019, you would have paid an estimated $279 out of your $10,000 in various costs – 2.79%. Like a horse with a 279-pound jockey. Using one of the alternatives we display below, you would have given up just $19 – 0.19%. Like a horse with a 19-pound jockey.

The top row of our first table, below, shows your selected fund. It is followed by the least expensive comparable funds in the "U.S. Large-Cap" category. (Click here for an important caveat about the funds used in the comparison!)

Fund Last Year's Cost of Ownership
Projected Value In
30 Years
Last Year’s Actual Returns
Pre-Tax After-Tax
American Century Mutual Funds, Inc: Ultra Fund; Investor Class Shares (TWCUX) $279 2.79% $147,464 17.23% 15.56%
Fidelity Salem Street Trust: Fidelity Series Large Cap Growth Index Fund (FHOFX)$19 0.19% $286,031 20.94% 20.77%
Schwab Capital Trust: Schwab US Large-Cap Growth Index Fund (SWLGX)$25 0.25% $281,816 20.57% 20.35%
Vanguard World Funds: Vanguard Mega Cap Growth Index Fund; Institutional Shares (VMGAX)$27 0.27% $280,240 21.64% 21.43%
Vanguard World Funds: Vanguard Mega Cap Growth Index Fund; ETF Shares (MGK)$28 0.28% $279,657 21.62% 21.42%

You can see from this table what a difference costs make over time. Looking forward 30 years and assuming that all the funds in this category did average 12% before costs, your $10,000 would grow to $147,464 after subtracting our estimated cost of ownership – or to as much as $286,031 in one of the lower-cost funds in this category.    

Wondering whether to dump this fund for a less expensive one? See below for details.

The next table shows the break-down of this fund's costs.

Look up another fund

Click on any of the terms used below to see our definitions.

Last Year's Itemized Costs of Owning This Fund
Your share of the fund's transaction costs $7 0.07%
Amount you paid for fund management $105 1.05%
Amount you paid for fund distribution $0 0.00%
Taxes you paid for holding the fund $166 1.66%
One-Year Total Cost of Ownership $279 2.79%

The next table shows how your money would grow in a world with NO costs – and just how deeply costs dig into your success:

Estimated Future Returns and Costs
Projected Long-Term Annual Returns 12%
Projected Potential Value after 30 Years $299,599
Projected Actual Value  $147,464
Potential Value Lost to Costs $152,135
Percentage of Potential Appreciation Lost to Costs 52%

It is important to note that our projections merely extrapolate last year's costs and taxes. As such, these estimates are very rough and should be used only as a starting point.   Click here for further discussion of this and a calculator that can help you fine-tune your projections.

Basic Fund Profile
Ticker Symbol TWCUX
Index Fund? Not an index fund.
Lipper Fund Category U.S. Large-Cap
Front-End Load 0.00%
Back-End Load 0.00%
Total Expense Ratio
0.97%
Expense Ratio Percentile
(100% = lowest cost)
42%
12b-1 Fee 0.00%
Fund Turnover 17%
Turnover Percentile
(100% = lowest cost)
78%
0.41%
Fiscal Year End 31-OCT-18
NAV on 30-NOV-19 $52.95
NAV on 30-NOV-18 $48.01
Dividend Distributions $0.00
Capital Gain Distributions $3.33
Fund Inception Date 02-NOV-81
Total Net Assets (as of 31-OCT-19) $11,310 Mil.
Growth in Total Net Assets
(since year-end 2001)
-57.97%
PreTax Total Return 17.23%
Return from Dividend Distributions 0.00%
Return from Realized Capital Gains 6.94%
Capital Appreciation 10.29%
Additional Expense Information
Gross Prospectus Expense Ratio Net Prospectus Expense Ratio Prospectus Date
0.97 0.97 01-AUG-19

The prospectus expense ratios above are forward looking and unaudited. The 'Gross' ratio is before any waivers, caps and/or reimbursements.
* No waiver, cap or reimbursement of fees has been reported for this fund