Have you been searching for a Large Cap Blend fund? You might want to begin with American Century Income & Growth Investor (BIGRX). BIGRX bears a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.ObjectiveBIGRX is classified in the Large Cap Blend segment by Zacks, which is an area full of potential. Targeting companies with market caps of more than $10 billion, Large Cap Blend mutual funds offer a stable investment choice; these funds are perfect for investors with a " buy and hold " mindset. Since blended funds mix large, more established firms into their portfolios, investors are exposed to both value and growth opportunities.History of Fund/ManagerAmerican Century is responsible for BIGRX, and the company is based out of Kansas City, MO. Since American Century Income & Growth Investor made its debut in December of 1990, BIGRX has garnered more than $1.76 billion in assets. The fund is currently managed by Claudia Musat who has been in charge of the fund since December of 2010.PerformanceOf course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 8.64%, and it sits in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 12.87%, which places it in the middle third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, BIGRX's standard deviation comes in at 11.03%, compared to the category average of 9.33%. Looking at the past 5 years, the fund's standard deviation is 11.36% compared to the category average of 9.71%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should always remember the downsides to a potential investment, and this segment carries some risks one should be aware of. In the most recent bear market, BIGRX lost 51.53% and underperformed comparable funds by 2.16%. This means that the fund could possibly be a worse choice than its peers during a down market environment.Nevertheless, investors should also note that the fund has a 5-year beta of 0.99, which means it is hypothetically as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a negative alpha of -2.59, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsInvestigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is largely on equities that are traded in the United States.Right now, 97.38% of this mutual fund's holdings are stocks, and these companies have an average market capitalization of $196.81 billion. The fund has the heaviest exposure to the following market sectors: Technology Finance Turnover is about 77%, so those in charge of the fund make more trades in a given year than the category average.ExpensesFor investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, BIGRX is a no load fund. It has an expense ratio of 0.67% compared to the category average of 0.96%. From a cost perspective, BIGRX is actually cheaper than its peers.This fund requires a minimum initial investment of $2,500, and each subsequent investment should be at least $50.Bottom LineOverall, American Century Income & Growth Investor ( BIGRX ) has a neutral Zacks Mutual Fund rank, similar performance, average downside risk, and lower fees compared to its peers.For additional information on the Large Cap Blend area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into BIGRX too for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (BIGRX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research