2018 Qualified Dividend Income

Qualified dividends are dividends received by a fund from a stock, provided that the fund has held the stock for a required holding period. Mutual funds may pass through to investors any qualified dividends it receives. At the fund level, these may be applied to ordinary income and/or short-term capital gains distributions.

Qualified dividends are taxed at the long-term capital gain rates. To qualify for these reduced rates, you must own the mutual fund's shares for a period of 61 days or longer. That period must include the date the fund distributed the dividends.

The table below reflects the percentage of each fund's distributions that are considered qualified.

Mutual Funds

Fund Name Percentage to Apply to Ordinary Dividends*
AC Alternatives® Disciplined Long Short Fund 0.00%
AC Alternatives® Emerging Opportunities Total Return Fund 0.00%
AC Alternatives® Equity Market Neutral Fund 15.99%
AC Alternatives® Income Fund 16.14%
AC Alternatives® Market Neutral Value Fund 100.00%
Adaptive Equity Fund 46.95%
Adaptive Small Cap Fund1 80.58%
All Cap Growth Fund 0.00%
Balanced Fund 41.70%
Capital Value Fund 100.00%
Core Equity Plus Fund 100.00%
Disciplined Growth Fund 24.25%
Emerging Markets Debt Fund 0.00%
Emerging Markets Fund 100.00%
Emerging Markets Small Cap Fund 0.00%
Equity Growth Fund 54.33%
Equity Income Fund 89.53%
Focused Dynamic Growth Fund 0.00%
Focused International Growth Fund 100.00%
Global Bond Fund 0.00%
Global Gold Fund 0.00%
Global Growth Fund 63.37%
Global Real Estate Fund 10.00%
Global Small Cap Fund 0.00%
Growth Fund 100.00%
Heritage Fund 39.18%
High Income Fund 0.68%
High Yield Fund 0.03%
Income & Growth Fund 66.90%
International Bond Fund 0.00%
International Core Equity Fund 100.00%
International Discovery Fund 100.00%
International Growth Fund 81.48%
International Opportunities Fund 75.20%
International Value Fund 100.00%
Large Company Value Fund 100.00%
Mid Cap Value Fund 100.00%
Multi-Asset Income Fund 22.33%
Multi-Asset Real Return Fund 23.82%
NT Core Equity Plus Fund 100.00%
NT Disciplined Growth Fund 28.72%
NT Emerging Markets Fund 60.03%
NT Equity Growth Fund 41.45%
NT Global Real Estate Fund 7.18%
NT Growth Fund 43.27%
NT Heritage Fund 19.67%
NT International Growth Fund 94.39%
NT International Small-Mid Cap Fund 59.62%
NT International Value Fund 100.00%
NT Large Company Value Fund 100.00%
NT Mid Cap Value Fund 71.33%
NT Non U.S. Intrinsic Value Fund 88.45%
NT Small Company Fund 33.63%
One Choice® 2020 Portfolio 37.13%
One Choice® 2025 Portfolio 38.62%
One Choice® 2030 Portfolio 41.00%
One Choice® 2035 Portfolio 45.60%
One Choice® 2040 Portfolio 48.96%
One Choice® 2045 Portfolio 56.53%
One Choice® 2050 Portfolio 61.09%
One Choice® 2055 Portfolio 63.58%
One Choice® 2060 Portfolio 60.98%
One Choice® In Retirement Portfolio 34.69%
One Choice® Portfolio: Aggressive 37.95%
One Choice® Portfolio: Conservative 25.33%
One Choice® Portfolio: Moderate 32.27%
One Choice® Portfolio: Very Aggressive 57.73%
One Choice® Portfolio: Very Conservative 13.28%
Real Estate Fund 3.70%
Select Fund 100.00%
Small Cap Growth Fund 13.75%
Small Cap Value Fund 27.23%
Small Company Fund 39.86%
Strategic Allocation: Aggressive Fund 74.42%
Strategic Allocation: Conservative Fund 40.06%
Strategic Allocation: Moderate Fund 58.91%
Sustainable Equity Fund 100.00%
Ultra® Fund 100.00%
Utilities Fund 100.00%
Value Fund 100.00%


Exchange Traded Funds (ETFs)

Fund Name Percentage to Apply to Ordinary Dividends*
American Century® Diversified Corporate Bond ETF - KORP2 0.00%
American Century® Diversified Municipal Bond ETF - TAXF2 0.00%
American Century® Quality Diversified International ETF - QINT3 100.00%
American Century® STOXX® U.S. Quality Growth ETF - QGRO3, 4, 5 100.00%
American Century® STOXX® U.S. Quality Value ETF - VALQ3, 4, 5 93.98%

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.


* Ordinary dividends includes net investment income distributions and short-term capital gain distributions.

1

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

2

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.

3

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.

4

STOXX® is a registered trademark of STOXX Ltd.

5

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.

Lowered rates for qualified dividends are a result of the 2003 Tax Act and have been made permanent by the American Taxpayer Relief Act of 2012.

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.

You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by calling 1.800.345.2021, contains this and other information about the fund, and should be read carefully before investing. Download Prospectus: Mutual Fund or Exchange Traded Fund (ETF). Investments are subject to market risk.