2016 Estimated Distributions

Don't let tax time catch you off guard. Review initial distribution estimates for many of our funds.1,2 For your non-retirement accounts, these numbers can help you gauge the income and capital gains that appear on your Form 1099-DIV in late January (mid February for real estate funds). Please keep in mind that amounts are estimates and may vary from the actual distributions.

 
As of 10/31/20162
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® Equity Market Neutral Fund 0.0000 12/27/2016 0 0 12/13/2016
AC Alternatives® Income Fund 0.0608 12/27/2016 0 0 12/20/2016
AC Alternatives® Long Short Fund 0.0000 12/20/2016 0 0 12/20/2016
AC Alternatives® Market Neutral Value Fund 0.0000 12/27/2016 0.0789 0.0345 12/13/2016
Adaptive All Cap Fund 0.3191 12/20/2016 0 0 12/20/2016
Adaptive Equity Fund 0.1142 12/20/2016 0 0 12/20/2016
All Cap Growth Fund 0.0000 12/20/2016 0 2.3971 12/20/2016
Balanced Fund 0.0659 12/27/2016 0 0.1597 12/20/2016
California High-Yield Municipal Fund daily daily 0 0 12/13/2016
California Intermediate-Term Tax-Free Bond Fund daily daily 0 0 12/13/2016
California Long-Term Tax-Free Fund daily daily 0 0.0619 12/13/2016
Capital Value Fund 0.1409 12/20/2016 0 0.6716 12/20/2016
Core Equity Plus Fund 0.0171 12/27/2016 0 0 12/13/2016
Core Plus Fund daily daily 0 0 12/13/2016
Disciplined Growth Fund 0.0436 12/27/2016 0 0 12/13/2016
Disciplined Growth Plus Fund 0.0067 12/27/2016 0 0 12/13/2016
Diversified Bond Fund daily daily 0.0014 0 12/13/2016
Emerging Markets Fund 0.0301 12/20/2016 0 0 12/20/2016
Emerging Markets Debt Fund daily daily 0.0546 0 12/20/2016
Emerging Markets Small Cap Fund 0.0071 12/20/2016 0 0 12/20/2016
Emerging Markets Value Fund 0.1113 12/20/2016 0 0 12/20/2016
Equity Growth Fund 0.0886 12/27/2016 0 0.1335 12/13/2016
Equity Income Fund 0.0484 12/27/2016 0.1008 0.4031 12/13/2016
Focused Dynamic Growth Fund 0.1825 12/20/2016 0 0 12/20/2016
Focused International Growth Fund 0.0418 12/20/2016 0 0 12/20/2016
Ginnie Mae Fund daily daily 0 0 12/13/2016
Global Allocation Fund 0.0675 12/29/2016 0 0.0015 12/29/2016
Global Bond Fund 0.0010 12/27/2016 0.0288 0 12/20/2016
Global Gold Fund 0.7934 12/27/2016 0 0 12/13/2016
Global Growth Fund 0.0321 12/20/2016 0 0.0131 12/20/2016
Global Real Estate Fund 0.2227 12/20/2016 0 0.1225 12/20/2016
Global Small Cap Fund  0.0000 12/20/2016 0 0 12/20/2016
Government Bond Fund daily daily 0.0363 0 12/13/2016
Growth Fund 0.2195 12/20/2016 0 1.3311 12/20/2016
Heritage Fund 0.0000 12/20/2016 0 1.7135 12/20/2016
High-Yield Fund daily daily 0 0 12/13/2016
High-Yield Municipal Fund daily daily 0 0 12/13/2016
Income & Growth Fund 0.2079 12/27/2016 0.2545 0.3141 12/13/2016
Inflation-Adjusted Bond Fund 0.2287 12/27/2016 0 0.0128 12/13/2016
Intermediate-Term Tax-Free Bond Fund daily daily 0 0 12/13/2016
International Bond Fund 0.0000 12/27/2016 0.0013 0 12/20/2016
International Core Equity Fund 0.1629 12/20/2016 0 0 12/20/2016
International Discovery Fund 0.0000 12/20/2016 0 0 12/20/2016
International Growth Fund 0.0875 12/20/2016 0 0 12/20/2016
International Opportunities Fund 0.0000 12/20/2016 0 0.094 12/20/2016
International Value Fund 0.2722 12/20/2016 0 0 12/20/2016
Large Company Value Fund 0.0675 12/27/2016 0 0 12/13/2016
Mid Cap Value Fund 0.0961 12/27/2016 0 0.433 12/13/2016
Mult-Asset Income Fund 0.0694 12/29/2016 0 0 12/29/2016
Multi-Asset Real Return Fund 0.0000 12/27/2016 0 0 12/13/2016
New Opportunities Fund 0.0000 12/20/2016 0 0.4251 12/20/2016
One Choice 2020 Portfolio 0.1553 12/29/2016 0 0.232 12/29/2016
One Choice 2025 Portfolio 0.1731 12/29/2016 0 0.276 12/29/2016
One Choice 2030 Portfolio 0.1468 12/29/2016 0 0.2428 12/29/2016
One Choice 2035 Portfolio 0.1824 12/29/2016 0 0.3342 12/29/2016
One Choice 2040 Portfolio 0.1514 12/29/2016 0 0.2908 12/29/2016
One Choice 2045 Portfolio 0.1856 12/29/2016 0 0.4108 12/29/2016
One Choice 2050 Portfolio 0.1459 12/29/2016 0.0009 0.3242 12/29/2016
One Choice 2055 Portfolio 0.1493 12/29/2016 0.0006 0.2843 12/29/2016
One Choice 2060 Portfolio 0.1096 12/29/2016 0.0074 0.0021 12/29/2016
One Choice In Retirement Portfolio 0.1023 12/29/2016 0 0.2046 12/29/2016
One Choice Portfolio: Aggressive 0.2107 12/29/2016 0 0.4291 12/29/2016
One Choice Portfolio: Conservative 0.1049 12/29/2016 0 0.183 12/29/2016
One Choice Portfolio: Moderate 0.1214 12/29/2016 0 0.3277 12/29/2016
One Choice Portfolio: Very Aggressive 0.1647 12/29/2016 0.0077 0.5591 12/29/2016
One Choice Portfolio: Very Conservative 0.0906 12/29/2016 0.0008 0.0904 12/29/2016
Real Estate Fund 0.3056 12/27/2016 0 2.9585 12/20/2016
Select Fund 0.2460 12/20/2016 0 1.9562 12/20/2016
Short Duration Fund daily daily 0 0 12/13/2016
Short Duration Inflation Protection Bond Fund 0.0954 12/27/2016 0 0 12/13/2016
Short Duration Strategic Income Fund daily daily 0 0 12/13/2016
Short-Term Government Fund daily daily 0 0 12/13/2016
Small Cap Growth Fund 0.0000 12/20/2016 0 0 12/20/2016
Small Cap Value Fund 0.0331 12/27/2016 0.1837 0.2935 12/13/2016
Small Company Fund 0.0089 12/27/2016 0 0 12/13/2016
Strategic Allocation: Aggressive Fund 0.0868 12/20/2016 0 0.0932 12/20/2016
Strategic Allocation: Conservative Fund 0.0347 12/27/2016 0 0.066 12/20/2016
Strategic Allocation: Moderate Fund 0.0283 12/27/2016 0 0.0548 12/20/2016
Strategic Income Fund daily daily 0 0 12/13/2016
Sustainable Equity Fund 0.2115 12/20/2016 0 0 12/20/2016
Ultra Fund 0.1138 12/20/2016 0 1.5754 12/20/2016
Utilities Fund 0.1375 12/27/2016 0.1949 0.4856 12/13/2016
Value Fund 0.0370 12/27/2016 0 0.1236 12/13/2016
Zero Coupon 2020 Fund 2.9326 12/09/2016 0.2323 2.7224 12/09/2016
Zero Coupon 2025 Fund 2.8411 12/09/2016 0 0 12/09/2016


Note: Money market funds declare dividends daily and distribute income monthly. These funds are expected to make only regular monthly income distributions on December 30, 2016, 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.

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, 2016. 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 2017.

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