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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 month end. For additional share class information, consult the prospectus.
M1For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Morningstar Rating is for Investor share class only; other classes may have difference performance characteristics.
rated among 306 Foreign Large Value
(as of 03/31/2014 )
Equity Style BoxN1
The fund's current expense ratio is 1.32%
Effective November 30th 2011, management of the International Value Fund was brought in-house under the Quantitative Equity investment discipline. The fund's investment objective (long-term capital growth) and Morningstar Category (Foreign Large Cap Value) remains the same. However, the American Century Investments team now utilizes a quantitative approach in order to pursue its investment objective. The fund's benchmark changed from the MSCI EAFE Index to the MSCI EAFE Value Index. In our quantitative investment process, approximately 1,700 securities that comprise all the names in the benchmark plus additional securities for each country in the benchmark is the investment universe. This change results in (1) Less exposure to emerging markets (maximum of 5%); (2) More reliance on stock selection to add value (vs. country and sector bets); and (3) Moderately higher turnover.
International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations. In order to minimize the extent of unintended bets, risk will only be taken in areas that are expected to contribute to consistent positive expected return. For example, sector and country bets may only deviate +/- 1% from the benchmark.
Vinod Chandrashekaran, Ph.D.Senior Vice President, Portfolio Manager Director of Quantitative Research
Yulin Long, Ph.D.Vice President, Portfolio Manager
Elizabeth Xie, Ph.D., CFAPortfolio Manager, Senior Quantitative Analyst
Long-term capital growth
(*) The annual expense ratio is based on expenses incurred by the fund, as stated in the most recent prospectus.
The portfolio managers use an approach to stock investing that relies heavily on quantitative tools to identify companies, regardless of size, industry type or geographic location, whose share price patterns suggest their stocks are likely to increase in value. Among the risks associated with the fund, is the reliance on the fund's computer-based investment process. If the investment style embedded in this process falls out of favor with the market, the fund's performance may suffer.
Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein.The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.
(F1) Redemption of shares within 60 days of purchase will be subject to a 2% redemption fee.
G1Fund performance may be subject to substantial short-term changes due to market volatility or other factors.
International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations.
N1The Morningstar Style BoxTM reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
L1Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright
For a detailed description of any index referenced above, refer to our Glossary.
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