2018 Estimated Distributions

What are distributions?

Why are some distributions larger than others?

Why do funds pay distributions?

When can I expect tax information?

Mutual Funds

As of October 31, 20182

Fund Name Ordinary Income Per Share3 Ordinary Income Pay Date Short-Term Capital Gain Per Share Long-Term Capital Gains Per Share Capital Gain Pay Date4
AC Alternatives® Disciplined Long Short Fund Paid 12/20/2018 Paid Paid 12/11/2018
AC Alternatives® Emerging Opportunities Total Return Fund Paid 12/18/2018 Paid Paid 12/18/2018
AC Alternatives® Equity Market Neutral Fund Paid 12/20/2018 Paid Paid 12/11/2018
AC Alternatives® Income Fund Paid 12/20/2018 Paid Paid 12/18/2018
AC Alternatives® Market Neutral Value Fund Paid 12/20/2018 Paid Paid 12/11/2018
Adaptive Equity Fund Paid 12/18/2018 Paid Paid 12/18/2018
Adaptive Small Cap Fund5 Paid 12/18/2018 Paid Paid 12/18/2018
All Cap Growth Fund Paid 12/18/2018 Paid Paid 12/18/2018
Balanced Fund Paid 12/20/2018 Paid Paid 12/18/2018
California High-Yield Municipal Fund daily daily 0.0000 0.0000 12/11/2018
California Intermediate-Term Tax-Free Bond Fund daily daily Paid Paid 12/11/2018
Capital Value Fund Paid 12/18/2018 Paid Paid 12/18/2018
Core Equity Plus Fund Paid 12/20/2018 Paid Paid 12/11/2018
Core Plus Fund daily daily Paid Paid 12/11/2018
Disciplined Growth Fund Paid 12/20/2018 Paid Paid 12/11/2018
Diversified Bond Fund daily daily Paid Paid 12/11/2018
Emerging Markets Debt Fund daily daily Paid Paid 2/18/2018
Emerging Markets Fund Paid 12/18/2018 Paid Paid 12/18/2018
Emerging Markets Small Cap Fund Paid 12/18/2018 Paid Paid 12/18/2018
Equity Growth Fund Paid 12/20/2018 Paid Paid 12/11/2018
Equity Income Fund Paid 12/20/2018 Paid Paid 12/11/2018
Focused Dynamic Growth Fund Paid 12/18/2018 Paid Paid 12/18/2018
Focused International Growth Fund Paid 12/18/2018 Paid Paid 12/18/2018
Ginnie Mae Fund daily daily Paid Paid 12/11/2018
Global Bond Fund Paid 12/20/2018 Paid Paid 12/18/2018
Global Gold Fund Paid 12/20/2018 Paid Paid 12/11/2018
Global Growth Fund Paid 12/18/2018 Paid Paid 12/18/2018
Global Real Estate Fund Paid 12/18/2018 Paid Paid 12/18/2018
Global Small Cap Fund Paid 12/18/2018 Paid Paid 12/18/2018
Government Bond Fund daily daily Paid Paid 12/11/2018
Growth Fund Paid 12/18/2018 Paid Paid 12/18/2018
Heritage Fund Paid 12/18/2018 Paid Paid 12/18/2018
High Income Fund daily daily Paid Paid 12/11/2018
High-Yield Fund daily daily Paid Paid 12/11/2018
High-Yield Municipal Fund daily daily Paid Paid 12/11/2018
Income & Growth Fund Paid 12/20/2018 Paid Paid 12/11/2018
Inflation-Adjusted Bond Fund Paid 12/20/2018 Paid Paid 12/11/2018
Intermediate-Term Tax-Free Bond Fund daily daily Paid Paid 12/11/2018
International Bond Fund Paid 12/20/2018 Paid Paid 12/18/2018
International Core Equity Fund Paid 12/18/2018 Paid Paid 12/18/2018
International Discovery Fund Paid 12/18/2018 Paid Paid 12/18/2018
International Growth Fund Paid 12/18/2018 Paid Paid 12/18/2018
International Opportunities Fund Paid 12/18/2018 Paid Paid 12/18/2018
International Value Fund Paid 12/18/2018 Paid Paid 12/18/2018
Large Company Value Fund Paid 12/20/2018 Paid Paid 12/11/2018
Mid Cap Value Fund Paid 12/20/2018 Paid Paid 12/11/2018
Mult-Asset Income Fund Paid 12/27/2018 Paid Paid 12/27/2018
Multi-Asset Real Return Fund Paid 12/20/2018 Paid Paid 12/11/2018
One Choice® 2020 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2025 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2030 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2035 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2040 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2045 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2050 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2055 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® 2060 Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® In Retirement Portfolio Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® Portfolio: Aggressive Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® Portfolio: Conservative Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® Portfolio: Moderate Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® Portfolio: Very Aggressive Paid 12/27/2018 Paid Paid 12/27/2018
One Choice® Portfolio: Very Conservative Paid 12/27/2018 Paid Paid 12/27/2018
Real Estate Fund Paid 12/20/2018 Paid Paid 12/18/2018
Select Fund Paid 12/18/2018 Paid Paid 12/18/2018
Short Duration Fund daily daily Paid Paid 12/11/2018
Short Duration Inflation Protection Bond Fund Paid 12/20/2018 Paid Paid 12/11/2018
Short Duration Strategic Income Fund daily daily Paid Paid 12/11/2018
Short-Term Government Fund daily daily Paid Paid 12/11/2018
Small Cap Growth Fund Paid 12/18/2018 Paid Paid 12/18/2018
Small Cap Value Fund Paid 12/20/2018 Paid Paid 12/11/2018
Small Company Fund Paid 12/20/2018 Paid Paid 12/11/2018
Strategic Allocation: Aggressive Fund Paid 12/18/2018 Paid Paid 12/18/2018
Strategic Allocation: Conservative Fund Paid 12/20/2018 Paid Paid 12/18/2018
Strategic Allocation: Moderate Fund Paid 12/20/2018 Paid Paid 12/18/2018
Strategic Income Fund daily daily Paid Paid 12/11/2018
Sustainable Equity Fund Paid 12/18/2018 Paid Paid 12/18/2018
Ultra® Fund Paid 12/18/2018 Paid Paid 12/18/2018
Utilities Fund Paid 12/20/2018 Paid Paid 12/11/2018
Value Fund Paid 12/20/2018 Paid Paid 12/11/2018
Zero Coupon 2020 Fund Paid 12/07/2018 Paid Paid 12/07/2018
Zero Coupon 2025 Fund Paid 12/07/2018 Paid Paid 12/07/2018


Note: Money market funds declare dividends daily and distribute income monthly. These funds are expected to make only regular monthly income distributions on December 31, 2018, and are not listed above.

Regulations regarding distributions can be complex, and there are several methods for managing your tax liability. Please consult a tax advisor about your particular circumstances. You also may obtain helpful information by calling the Internal Revenue Service at 1-800-829-1040 or visiting https://www.irs.gov .

Variable Portfolios 2018 Estimated Distributions

As of 10/31/20182

Fund Name Ordinary Income Per Share3 Ordinary Income Pay Date Short-Term Capital Gain Per Share Long-Term Capital Gains Per Share Capital Gain Pay Date4
VP Balanced Fund Paid 12/27/2018 Paid Paid N/A
VP Capital Appreciation Fund Paid N/A Paid Paid N/A
VP Growth Fund Paid N/A Paid Paid N/A
VP Income & Growth Fund Paid 12/27/2018 Paid Paid N/A
VP Inflation Protection Fund Paid 12/27/2018 Paid Paid N/A
VP International Fund Paid N/A Paid Paid N/A
VP Large Company Value Fund Paid 12/27/2018 Paid Paid N/A
VP Mid Cap Value Fund Paid 12/27/2018 Paid Paid N/A
VP Ultra® Fund Paid N/A Paid Paid N/A
VP Value Fund Paid 12/27/2018 Paid Paid N/A

American Century Investments Variable Portfolio Funds (VP Funds) are a series of investment choices available exclusively through variable annuity and variable universal life products. There are no plans to distribute VP Funds in any other way. Performance will vary based on the fees and expenses assessed with investments in variable insurance products. Those charges are disclosed in the separate account prospectus.

Exchange Traded Funds 2018 Estimated Distributions

As of 10/31/20182

Fund Name Ordinary Income Per Share3 Ordinary Income Pay Date Short-Term Capital Gain Per Share Long-Term Capital Gains Per Share Capital Gain Pay Date4
American Century® Diversified Corporate Bond ETF6 Paid 12/28/2018 Paid Paid 12/28/2018
American Century® Diversified Municipal Bond ETF6 Paid 12/28/2018 Paid Paid 12/28/2018
American Century® Quality Diversified International ETF7 Paid 12/28/2018 Paid Paid 12/28/2018
American Century® STOXX® U.S. Quality Growth ETF7, 8, 9 Paid 12/28/2018 Paid Paid 12/28/2018
American Century® STOXX® U.S. Quality Value ETF7, 8, 9 Paid 12/28/2018 Paid Paid 12/28/2018

ETF shares may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.

Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investments Services, Inc.

1 Dividend income estimates for income funds that declare distributions daily are not generally listed, although they may pay distributions. In addition, some stock funds in the chart may show no estimated distributions at this time. However, please keep in mind that this may change.

2 The estimates provided are as of October 31, 2018. Keep in mind that market conditions, portfolio changes and/or changes in outstanding fund shares could affect these estimates substantially. In addition, there is a possibility that funds not listed above could be eligible to pay a capital gains distribution. This information is not final and is subject to change until the ex-dividend date.

3 The estimates in this chart do not reflect calculations for Qualified Dividends. However, those calculations, if applicable, will appear on Form 1099-DIV sent in late January 2019.

4 Per-share distributions are paid to investors who are shareholders of record with American Century Investments the business day before the payable date.

5

On May 7, 2018, the Adaptive All Cap Fund's name changed to Adaptive Small Cap Fund.

6

This fund is an actively managed Exchange Traded Fund (ETF) that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.

7

This fund is not actively managed and the portfolio managers do not attempt to take defensive positions under any market conditions, including declining markets. The portfolio managers also do not generally add or remove a security from the fund until such security is similarly added or removed from the underlying index. Therefore, the fund may hold an underperforming security or not hold an outperforming security until the underlying index reacts. This may result in underperformance compared to the market generally. In addition, there is no assurance that the underlying index will be determined, composed or calculated accurately. While the index provider provides descriptions of what the underlying index is designed to achieve, the index provider does not guarantee the quality, accuracy or completeness of data in respect of its indices, and does not guarantee that the underlying index will be in line with the described index methodology. Gains, losses or costs to the fund caused by errors in the underlying index may therefore be borne by the fund and its shareholders.

8

STOXX® is a registered trademark of STOXX Ltd.

9

The STOXX® Index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland ("STOXX"), Deutsche Börse Group or their licensors, which is used under license. The fund is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the STOXX® Index or its data.