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2015 Tax Form 8937
The Board of Directors has approved a plan of liquidation for the Multi-Asset Income Fund. Under the plan, the liquidation date of the fund will be October 16, 2020.
The fund will be closed to all new investments, except reinvested distributions, as of the close of the New York Stock Exchange on October 9, 2020.
The fund seeks income. Long-term capital appreciation is a secondary objective.
The Multi-Asset Income Fund team casts a wide net in its search for yield. Investments span traditional U.S. and non-U.S. stocks and bonds as well as non-traditional income-producing investments. The team also utilizes innovative income strategies designed to take advantage of the shifting landscape for attractive yielding securities.
A sustainable income stream over the long term requires looking beyond the singular dimension of yield. That's why the team also considers total return as part of their process. The team aims for capital growth to protect against inflation, while managing the dominant risks inherent to multi-asset income-focused portfolios: equity, interest rate, and credit risks.
The fund combines the firm’s nearly 30 years of top-down asset allocation experience with the bottom-up security selection skill of our asset class specialists. The fund is not required to allocate its assets in any fixed proportion, but uses broad allocation ranges to give the team the flexibility to adjust the asset mix and pursue attractive income-generation opportunities across the globe.
The value and/or returns of a portfolio will fluctuate with market and economic conditions. International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations. The fund may invest in small- and mid-cap stock, which can be more volatile than larger-company stock. The fund also employs a mix of investment styles, each of which has risks associated with it. The fund’s investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. The performance of the portfolio is partially dependent on the performance of the underlying American Century Investments' funds and will assume the risks associated with these funds. The fund is subject to the risk of a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency. In addition, the fund’s real estate-related investments may subject the fund to risks similar to those associated with direct investment in real estate. There is no guarantee that the investment objectives will be met.
Current income with long-term capital appreciation a secondary objective.
Invests in a broad range of U.S. and foreign income oriented equity and fixed-income securities. Seeks diversification across markets, industries, and issuers to reduce volatility.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Chief Investment Officer - Multi-Asset Strategies, Senior Vice President and Senior Portfolio Manager
Vice President, Portfolio Manager
Vice President, Portfolio Manager and Head of Research, Multi-Asset Strategies
Vice President, Portfolio Manager and Head of Portfolio Management, Multi-Asset Strategies
Portfolio Manager and Senior Quantitative Analyst
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent quarter end.
The advisor will waive a portion of the fund's management fee equal to the expenses attributable to the management fees of the American Century funds in which the fund invests. The amount of this waiver will fluctuate depending on the fund's daily allocations to other American Century funds. This waiver is expected to remain in effect permanently, and it cannot be terminated without the approval of the Board of Directors.
The advisor also agreed to waive an additional .07% of the management fee, which is expected to continue until November 30, 2020, and cannot be terminated without the approval of the Board of Directors.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.
Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Thomson Reuters Company, subject to the following: Copyright ©2020 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.
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