2015 Estimated Distributions

To help with your 2015 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 10/30/20152
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 PAID 12/08/2015 PAID PAID 12/15/2015
AC Alternatives® Income Fund PAID 12/28/2015 PAID PAID 12/22/2015
AC Alternatives® Market Neutral Value PAID 12/28/2015 PAID PAID 12/08/2015
All Cap Growth Fund PAID 12/22/2015 PAID PAID 12/22/2015
Balanced Fund PAID 12/28/2015 PAID PAID 12/22/2015
California High-Yield Municipal Fund daily daily PAID PAID 12/08/2015
California Intermediate-Term Tax-Free Bond Fund daily daily PAID PAID 12/08/2015
California Long-Term Tax-Free Fund daily daily PAID PAID 12/08/2015
Capital Value Fund PAID 12/22/2015 PAID PAID 12/22/2015
Core Equity Plus Fund PAID 12/08/2015 PAID PAID 12/15/2015
Core Plus Fund daily daily PAID PAID 12/08/2015
Disciplined Growth Fund PAID 12/08/2015 PAID PAID 12/15/2015
Disciplined Growth Plus Fund PAID 12/08/2015 PAID PAID 12/15/2015
Diversified Bond Fund daily daily PAID PAID 12/08/2015
Emerging Markets Fund PAID 12/22/2015 PAID PAID 12/22/2015
Emerging Markets Debt Fund daily daily PAID PAID 12/15/2015
Emerging Markets Value Fund PAID 12/15/2015 PAID PAID 12/15/2015
Equity Growth Fund PAID 12/28/2015 PAID PAID 12/15/2015
Equity Income Fund PAID 12/28/2015 PAID PAID 12/08/2015
Focused Growth Fund PAID 12/22/2015 PAID PAID 12/22/2015
Fundamental Equity Fund PAID 12/22/2015 PAID PAID 12/22/2015
Ginnie Mae Fund daily daily PAID PAID 12/08/2015
Global Allocation Fund PAID 12/30/2015 PAID PAID 12/30/2015
Global Bond Fund PAID 12/28/2015 PAID PAID 12/15/2015
Global Gold Fund PAID 12/08/2015 PAID PAID 12/15/2015
Global Growth Fund PAID 12/22/2015 PAID PAID 12/22/2015
Global Real Estate PAID 12/22/2015 PAID PAID 12/22/2015
Government Bond Fund daily daily PAID PAID 12/08/2015
Growth Fund PAID 12/22/2015 PAID PAID 12/22/2015
Heritage Fund PAID 12/22/2015 PAID PAID 12/22/2015
High-Yield Fund daily daily PAID PAID 12/08/2015
High-Yield Municipal Fund daily daily PAID PAID 12/08/2015
Income & Growth Fund PAID 12/28/2015 PAID PAID 12/15/2015
Inflation-Adjusted Bond Fund PAID 12/28/2015 PAID PAID 12/08/2015
Intermediate-Term Tax-Free Bond Fund daily daily PAID PAID 12/08/2015
International Bond Fund PAID 12/28/2015 PAID PAID 12/15/2015
International Core Equity Fund PAID 12/15/2015 PAID PAID 12/15/2015
International Discovery Fund PAID 12/22/2015 PAID PAID 12/22/2015
International Growth Fund PADI 12/22/2015 PAID PAID 12/22/2015
International Opportunities Fund PAID 12/22/2015 PAID PAID 12/22/2015
International Value Fund PAID 12/22/2015 PAID PAID 12/22/2015
Large Company Value Fund PAID 12/28/2015 PAID PAID 12/08/2015
Legacy Focused Large Cap Fund PAID 12/15/2015 PAID PAID 12/15/2015
Legacy Large Cap Fund PAID 12/15/2015 PAID PAID 12/15/2015
Legacy Multi Cap Fund PAID 12/15/2015 PAID PAID 12/15/2015
Long-Term Tax-Free Fund daily daily PAID PAID 12/08/2015
Mid Cap Value Fund PAID 12/28/2015 PAID PAID 12/08/2015
Mult-Asset Income Fund PAID 12/30/2015 PAID PAID 12/30/2015
New Opportunities Fund PAID 12/22/2015 PAID PAID 12/22/2015
One Choice 2020 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2025 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2030 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2035 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2040 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2045 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2050 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2055 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice 2060 Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice In Retirement Portfolio PAID 12/30/2015 PAID PAID 12/30/2015
One Choice Portfolio: Aggressive PAID 12/30/2015 PAID PAID 12/30/2015
One Choice Portfolio: Conservative PAID 12/30/2015 PAID PAID 12/30/2015
One Choice Portfolio: Moderate PAID 12/30/2015 PAID PAID 12/30/2015
One Choice Portfolio: Very Aggressive PAID 12/30/2015 PAID PAID 12/30/2015
One Choice Portfolio: Very Conservative PAID 12/30/2015 PAID PAID 12/30/2015
Real Estate Fund PAID 12/28/2015 PAID PAID 12/22/2015
Select Fund PAID 12/22/2015 PAID PAID 12/22/2015
Short Duration Fund daily daily PAID PAID 12/08/2015
Short Duration Inflation Protection Bond Fund PAID 12/28/2015 PAID PAID 12/08/2015
Short Duration Strategic Income Fund daily daily PAID PAID 12/08/2015
Short-Term Government Fund daily daily PAID PAID 12/08/2015
Small Cap Growth Fund PAID 12/22/2015 PAID PAID 12/22/2015
Small Cap Value Fund PAID 12/28/2015 PAID PAID   12/8/2015
Small Company Fund PAID 12/28/2015 PAID PAID 12/15/2015
Strategic Allocation: Aggressive Fund PAID 12/22/2015 PAID PAID 12/22/2015
Strategic Allocation: Conservative Fund PAID 12/28/2015 PAID PAID 12/22/2015
Strategic Allocation: Moderate Fund PAID 12/28/2015 PAID PAID 12/22/2015
Strategic Income Fund daily daily PAID PAID 12/08/2015
Strategic Inflation Opportunities Fund PAID 12/28/2015 PAID PAID 12/15/2015
Ultra Fund PAID 12/22/2015 PAID PAID 12/22/2015
Utilities Fund PAID 12/28/2015 PAID PAID 12/15/2015
Value Fund PAID 12/28/2015 PAID PAID 12/08/2015
Veedot Fund PAID 12/22/2015 PAID PAID 12/22/2015
Zero Coupon 2020 Fund PAID 12/18/2015 PAID PAID 12/18/2015
Zero Coupon 2025 Fund PAID 12/18/2015 PAID PAID 12/18/2015


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, 2015, 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 30, 2015. 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 2016.

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