2014 Estimated Distributions

To help with your 2014 tax planning, we've provided estimates of the per-share distributions for many of our funds.1,2 Please keep in mind that the following amounts are estimates and may vary from the actual distributions.

As of 10/31/20142
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
All Cap Growth Fund Final 12/16/2014 Final Final 12/16/2014
Balanced Fund Final 12/23/2014 Final Final 12/16/2014
California High-Yield Municipal Fund daily daily Final Final   12/9/2014
California Intermediate-Term Tax-Free Bond Fund daily daily Final Final   12/9/2014
California Long-Term Tax-Free Fund daily daily Final Final   12/9/2014
Capital Value Fund Final 12/16/2014 Final FInal 12/16/2014
Core Equity Plus Fund Final 12/23/2014 Final Final 12/12/2014
Core Plus Fund daily daily Final Final   12/9/2014
Disciplined Growth Fund Final 12/23/2014 Final Final 12/12/2014
Disciplined Growth Plus Fund Final 12/23/2014 Final Final 12/12/2014
Diversified Bond Fund daily daily Final Final   12/9/2014
Emerging Markets Fund Final 12/16/2014 Final Final 12/16/2014
Emerging Markets Debt Fund daily daily Final Final   12/9/2014
Emerging Markets Value Fund Final 12/12/2014 Final Final 12/12/2014
Equity Growth Fund Final 12/23/2014 Final Final 12/12/2014
Equity Income Fund Final 12/23/2014 Final Final   12/9/2014
Equity Market Neutral Fund Final 12/23/2014 Final Final 12/12/2014
Focused Growth Fund Final 12/16/2014 Final Final 12/16/2014
Fundamental Equity Fund Final 12/16/2014 Final Final 12/16/2014
Ginnie Mae Fund daily daily Final Final   12/9/2014
Global Allocation Fund 0.1006 12/30/2014 0.0218 0.2955 12/30/2014
Global Bond Fund Final 12/23/2014 Final Final 12/12/2014
Global Gold Fund Final 12/23/2014 Final Final 12/12/2014
Global Growth Fund Final 12/16/2014 Final Final 12/16/2014
Global Real Estate Final 12/12/2014 Final Final 12/12/2014
Government Bond Fund daily daily Final Final   12/9/2014
Growth Fund Final 12/16/2014 Final Final 12/16/2014
Heritage Fund Final 12/16/2014 Final Final 12/16/2014
High-Yield Fund daily daily Final Final   12/9/2014
High-Yield Municipal Fund daily daily Final Final   12/9/2014
Income & Growth Fund Final 12/23/2014 Final Final 12/12/2014
Inflation-Adjusted Bond Fund Final 12/23/2014 Final Final   12/9/2014
Intermediate-Term Tax-Free Bond Fund daily daily Final Final   12/9/2014
International Bond Fund Final 12/23/2014 Final Final 12/12/2014
International Core Equity Fund Final 12/12/2014 Final Final 12/12/2014
International Discovery Fund Final 12/16/2014 Final Final 12/16/2014
International Growth Fund Final 12/16/2014 Final Final 12/16/2014
International Opportunities Fund Final 12/16/2014 Final Final 12/16/2014
International Value Fund Final 12/16/2014 Final Final 12/16/2014
Large Company Value Fund Final 12/23/2014 Final Final   12/9/2014
Legacy Focused Large Cap Fund Final 12/12/2014 Final Final 12/12/2014
Legacy Large Cap Fund Final 12/12/2014 Final Final 12/12/2014
Legacy Multi Cap Fund Final 12/12/2014 Final Final 12/12/2014
Long-Term Tax-Free Fund daily daily Final Final   12/9/2014
Market Neutral Value Fund Final 12/23/2014 Final Final   12/9/2014
Mid Cap Value Fund Final 12/23/2014 Final Final   12/9/2014
New Opportunities Fund Final 12/16/2014 Final Final 12/16/2014
One Choice 2015 Portfolio 0.2645 12/30/2014 0.0206 0.2841 12/30/2014
One Choice 2020 Portfolio 0.2545 12/30/2014 0.002 0.199 12/30/2014
One Choice 2025 Portfolio 0.3076 12/30/2014 0.0032 0.2943 12/30/2014
One Choice 2030 Portfolio 0.2628 12/30/2014 0 0.2657 12/30/2014
One Choice 2035 Portfolio 0.3329 12/30/2014 0.0075 0.3845 12/30/2014
One Choice 2040 Portfolio 0.2816 12/30/2014 0.0018 0.3129 12/30/2014
One Choice 2045 Portfolio 0.3629 12/30/2014 0.004 0.4323 12/30/2014
One Choice 2050 Portfolio 0.2831 12/30/2014 0.0026 0.3095 12/30/2014
One Choice 2055 Portfolio 0.2871 12/30/2014 0.0066 0.227 12/30/2014
One Choice In Retirement Portfolio 0.1884 12/30/2014 0 0.1685 12/30/2014
One Choice Portfolio: Aggressive 0.3825 12/30/2014 0.0079 0.22 12/30/2014
One Choice Portfolio: Conservative 0.1873 12/30/2014 0.0007 0.1197 12/30/2014
One Choice Portfolio: Moderate 0.2299 12/30/2014 0.001 0.0181 12/30/2014
One Choice Portfolio: Very Aggressive 0.4742 12/30/2014 0 0 12/30/2014
One Choice Portfolio: Very Conservative 0.1545 12/30/2014 0.0106 0.1474 12/30/2014
Real Estate Fund Final 12/23/2014 Final Final   12/9/2014
Select Fund Final 12/16/2014 Final Final 12/16/2014
Short Duration Fund daily daily Final Final   12/9/2014
Short Duration Inflation Protection Bond Fund Final 12/23/2014 Final Final   12/9/2014
Short Duration Strategic Income Fund daily daily Final Final   12/9/2014
Short-Term Government Fund daily daily Final Final   12/9/2014
Small Cap Growth Fund Final 12/16/2014 Final Final 12/16/2014
Small Cap Value Fund Final 12/23/2014 Final Final   12/9/2014
Small Company Fund Final 12/23/2014 Final Final 12/12/2014
Strategic Allocation: Aggressive Fund Final 12/16/2014 Final Final 12/16/2014
Strategic Allocation: Conservative Fund Final 12/23/2014 Final Final 12/16/2014
Strategic Allocation: Moderate Fund Final 12/23/2014 Final Final 12/16/2014
Strategic Income Fund daily daily Final Final   12/9/2014
Strategic Inflation Opportunities Fund Final 12/23/2014 Final Final 12/12/2014
Ultra Fund Final 12/16/2014 Final Final 12/16/2014
Utilities Fund Final 12/23/2014 Final Final 12/12/2014
Value Fund Final 12/23/2014 Final Final   12/9/2014
Veedot Fund Final 12/16/2014 Final Final 12/16/2014
Zero Coupon 2015 Fund Final 12/19/2014 Final Final 12/19/2014
Zero Coupon 2020 Fund Final 12/19/2014 Final Final 12/19/2014
Zero Coupon 2025 Fund Final 12/19/2014 Final
Final 12/19/2014


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, 2014, 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 www.irs.gov.

What are distributions?
There are two types of distributions: income and capital gains. Mutual fund companies must pass along 98% of net investment income and 98.2% capital gains to their shareholders.

  • You will receive income distributions if the securities in your fund pay dividends or interest.
  • You will receive capital gain distributions if the sale of securities within your mutual fund creates a profit. These gains will be designated as short- or long-term based on how long the securities were held in the portfolio, not on when you purchased fund shares.

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Why are some distributions larger than others?
The amount of a distribution can increase when the dividend payments or profits increase. A fund's capital gain distribution, however, is not necessarily a reflection of its overall performance. Because regulations regarding distributions are complex, you may want to consult a tax advisor about your circumstances.

American Century Investments® pays per-share distributions to shareholders invested on the fund's record day4. On the Payable Date, each fund's share price is reduced by the amount of its distribution.

If distributions are paid to your account, you will see them on your fourth quarter statement and for taxable accounts in taxable funds, on the IRS Form 1099-DIV you will receive in January.

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Why do funds pay distributions?
Tax rules require mutual funds to distribute 98% of net investment income and 98.2% capital gains to shareholders each year. The rules also allow mutual funds to offset capital gains with losses carried forward from a prior year.

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When can I expect tax information?
You can view distributions paid in December on your annual account statement, which is sent in early January. If your fund pays a distribution to your taxable account or you have sold shares, we will mail your tax forms by the end of January. For Real Estate Fund and Global Real Estate Fund shareholders, we will mail your Form 1099-DIV/B in late February.

Visit americancentury.com mid-December for more tax-time information.

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1Dividend 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.

2The estimates provided are as of October 31, 2014. 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.

3The 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 2015.

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