Minimums & Pricing
Updated August 2022
Share Classes & Definitions / C Class
C Class shares are available for purchase through broker-dealers and other financial intermediaries. These shares do not have an initial sales charge but carry an ongoing distribution and service (12b-1) fee, and a CDSC when redeemed within one year of purchase. If shares are purchased with a dealer commission and redeemed within 12 months of purchase, the CDSC of 1.00% will apply. The distribution and service (12b-1) fee is not paid until the CDSC period has expired (it is retained by the distributor). If C Class shares are purchased in an employer-sponsored retirement plan (other than a SEP IRAs, SIMPLE IRAs or SARSEPs), no dealer commission will be paid. Shares purchased in this way are not subject to a CDSC, and the financial professional begins receiving the distribution and service (12b-1) fee at the time of purchase.
As of May 1, 2021, and except as otherwise noted, C Class shares will automatically convert to A Class shares after being held for 8 years. The automatic conversion will be executed in the month following the 8-year anniversary of the purchase date for such C Class shares without any sales charge, fee or other charges. After the conversion takes place, the shares will be subject to all features and expenses of A Class shares. The conversion from C Class shares to A Class shares is not considered a taxable event for Federal income tax purposes. Please note, trusts and recordkeepers should not purchase C Class shares unless share aging can be tracked properly.
Any applicable CDSC for A or C Class shares may be waived for the following reasons:
Redemptions through systematic withdrawal plans not exceeding annually 12% of the lesser of the original purchase cost or current market value.
Redemptions through employer-sponsored retirement plans. The 12b-1 fee starts immediately. For this purpose, employer-sponsored retirement plans do not include SEP IRAs, SIMPLE IRAs and SARSEPs.
Distributions from IRAs due to attainment of age 59½.
Required minimum distributions from retirement accounts upon reaching the qualified age based on applicable IRS regulations.
Tax-free returns of excess contributions to IRAs.
Redemptions due to death or post-purchase disability.
Exchanges, unless the shares acquired by the exchange are redeemed within the original CDSC period.
IRA Rollovers from any American Century fund held in an employer-sponsored retirement plan, for A Class shares only.
If no dealer commission was paid to the financial professional on the purchase for any other reason.
The 12b-1 fee for C Class is 1.00%. The entire amount is retained by American Century Investments for the first year. The entire 12b-1 fee begins to accrue and is paid to the broker-dealer starting with the 13th month (on a quarterly basis). For Prime Money Market and U.S. Government Money Market, the 12b-1 fee is 0.75%.
The Dealer Commission for C Class shares is 1.00%. There is no dealer commission for purchases of Prime Money Market and U.S. Government Money Market however, a dealer commission will apply when the shares are exchanged for C Class shares of another American Century fund. If the Dealer commission/CDSC is waived, the 12b-1 fee starts immediately.
The CDSC for C Class shares is 1.00%. If C Class shares are purchased in Prime Money Market by exchange from the C Class shares of another American Century Investments fund where a dealer commission was paid, a CDSC of 1.00% may apply when shares are redeemed.
Certain employer-sponsored retirement plans are eligible to purchase Investor, A, Advisor, C, R, R5 and R6 Class shares at net asset value with no dealer commission paid to the financial professional. Class A and C shares are purchased with no dealer concession or CDSC in group employer-sponsored retirement plans, that hold a single account for all plan participants with the fund, or shares are purchased by certain retirement plans that are part of a retirement plan or platform offered by banks, broker-dealers, financial advisors or insurance companies, or serviced by plan recordkeepers. A, Advisor, C and R Class shares purchased in employer-sponsored retirement plans are subject to applicable distribution and service (12b-1) fees, which the financial intermediary begins receiving immediately at the time of purchase. There is no plan size or participant number requirement by class.
Employer-sponsored retirement plans held in brokerage accounts whether a single account for all plan participants with the Fund or multiple accounts for each plan participant are eligible to purchase Investor, Institutional, A, Advisor and C class shares. For those retirement plans a dealer commission will be paid to the financial professional on all purchases in A and C classes unless an applicable waiver applies. In addition, any purchases in A and C classes will be subject to a contingent deferred sales charge (CDSC). Examples of group employer-sponsored retirement plan definitions are listed in the Statement of Additional Information. Initial fund minimums are waived for all eligible share class for group employer sponsored retirement plans.
Employer-sponsored retirement plans may not invest in I Class shares, except that plans invested in the I Class prior to April 10, 2017, may make additional purchases. However, the One Choice Target Date Portfolio I Class Funds are available to group employer sponsored retirement plans.
You may move your investment between share classes (within the same fund or between different funds) in certain circumstances deemed appropriate by American Century Investments. You also may move investments held in certain accounts to a different type of account if you meet certain criteria.
Money Market Fund: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon sale of your shares. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
Refer to Fund Minimums for additional eligibility 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.