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A Comprehensive Inflation Solution. Inflationary pressure can rise without warning and can be triggered by many factors. The Multi-Asset Real Return Fund can help investors be prepared for a range of economic scenarios with a comprehensive approach that's designed to help preserve purchasing power.
Seeks total real return.
The fund is designed to help buffer investors' portfolios from the primary sources of inflation:
The fund seeks total real return through a mix of inflation hedges, each of which offers unique performance characteristics. This approach is aimed at helping investors preserve purchasing power under a range of inflation scenarios.
The Multi-Asset Real Return Fund may be a good fit for investors seeking to diversify equity and fixed income risk. Since the alternative asset classes targeted by the fund have historically had low or negative correlation to the stock and bond markets, the fund has the potential to:
Since inflation-indexed securities trade at prevailing real, or after-inflation, interest rates, changes in these rates affect the value of such securities owned by the fund. The fund may also invest in debt securities issued by entities other than the U.S. Treasury or U.S. government and its agencies, which may increase the potential credit risk associated with the fund. In addition, the fund's commodity-related investments may be subject to greater volatility than investments in traditional securities. Generally, when real interest rates rise, the value of these securities will decline. The opposite is true when real interest rates decline. Debt securities also are subject to credit risk. Investing in foreign securities has certain unique risks that make it generally riskier than investing in U.S. securities. Investing in securities of issuers located in emerging market countries generally is riskier than investing in securities of companies located in foreign developed countries. There is no guarantee that the investment objectives will be met. Dividends and yields represent past performance and there is no guarantee that they will continue to be paid.
Highest level of total return consistent with its mix of stocks, bonds and cash equivalent securities.
Employs a mix of strategies to help hedge against the primary sources of inflation, including government-induced inflation, imported inflation and commodity inflation.
Maturity: Describes the portfolio of the fund in terms of the different maturities of the securities it holds.
Weighted average life to maturity (WALM) is a measure of the sensitivity of a fixed income portfolio to interest rate changes. WALM is the average time in years to receive the principal repayments. Accordingly, WALM reflects how a portfolio would react to deteriorating credit or tightening liquidity conditions.
Senior Vice President, Senior Portfolio Manager
Co-Chief Investment Officer — Global Fixed Income, Senior Vice President
Vice President, Senior Portfolio Manager
Chief Investment Officer - Disciplined Equity, Senior Vice President, Portfolio Manager, Director of Global Analytics
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Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent quarter end. For additional share class information, consult the prospectus.
Returns or yields for the fund would have been lower if a portion of the management fee had not been waived. Review the annual or semiannual report for the most current information.
The value of the fund's shares may fluctuate significantly in the short term. At any given time your shares may be worth less than the price you paid for them. Since inflation-indexed securities trade at prevailing real, or after-inflation, interest rates, changes in these rates affect the value of such securities owned by the fund. Generally, when real interest rates rise, the value of these securities will decline. The opposite is true when real interest rates decline. Debt securities also are subject to credit risk. Investment in debt securities issued by entities other than the U.S. Treasury or U.S. government and its agencies may increase the potential credit risk associated with the fund. The fund's commodity-related investments may be subject to greater volatility than investments in traditional securities. Investing in foreign securities has certain unique risks that make it generally riskier than investing in U.S. securities. Investing in securities of issuers located in emerging market countries generally is riskier than investing in securities of companies located in foreign developed countries. The fund is classified as non-diversified; therefore, it may be more volatile than if it was diversified.
Net expense ratio is the total annual operating expense ratio for the fund, net of any fee waivers or expense reimbursements. Gross expense ratio is the total annual operating expense ratio for the fund, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus. This is the actual ratio that investors paid during the fund's most recent fiscal year.
W2 If your account falls below the minimum balance, you will be notified and given 90 days to meet the minimum. If the deadline is not met, American Century Investments may redeem the shares in the account and send the proceeds to the address of record.
Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Thomson Reuters Company, subject to the following: Copyright ©2019 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.
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Source: Bloomberg Index Services Ltd
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