Estimated Distributions
Understanding types and why funds pay them
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).
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 could receive income distributions if the securities in your fund pay dividends or interest.
You may 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.
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.
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 day. 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.
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.
Mutual Funds
Estimated distributions as of October 31, 20222
Fund Name | Ordinary Income Per Share3 | Ordinary Income Pay Date4 | Short-Term Capital Gain Per Share | Long-Term Capital Gains Per Share | Capital Gain Pay Date4 |
Balanced Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
California High-Yield Municipal Fund | daily | daily | Paid | Paid | 12/07/2022 |
California Intermediate-Term Tax-Free Bond Fund | daily | daily | Paid | Paid | 12/07/2022 |
Core Plus Fund | daily | daily | Paid | Paid | 12/07/2022 |
Disciplined Core Value Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Disciplined Growth Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Diversified Bond Fund | daily | daily | Paid | Paid | 12/07/2022 |
Emerging Markets Debt Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Emerging Markets Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Emerging Markets Small Cap Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Equity Growth Fund | Paid | 12/02/2022 | Paid | Paid | 12/02/2022 |
Equity Income Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Focused Dynamic Growth Fund | Paid | 12/07/2022 | Paid | Paid | 12/07/2022 |
Focused Global Growth Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Focused International Growth Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Focused Large Cap Value Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Ginnie Mae Fund | daily | daily | Paid | Paid | 12/07/2022 |
Global Bond Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Global Gold Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Global Real Estate Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Global Small Cap Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Government Bond Fund | daily | daily | Paid | Paid | 12/07/2022 |
Growth Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Heritage Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
High Income Fund | daily | daily | Paid | Paid | 12/07/2022 |
High-Yield Fund | daily | daily | Paid | Paid | 12/07/2022 |
High-Yield Municipal Fund | daily | daily | Paid | Paid | 12/07/2022 |
Inflation-Adjusted Bond Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Intermediate-Term Tax-Free Bond Fund | daily | daily | Paid | Paid | 12/07/2022 |
International Bond Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
International Growth Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
International Opportunities Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
International Small-Mid Cap Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
International Value Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Mid Cap Value Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Multisector Income Fund13 | daily | daily | Paid | Paid | 12/07/2022 |
Non-U.S. Intrinsic Value Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
One Choice® 2025 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2030 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2035 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2040 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2045 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2050 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2055 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2060 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® 2065 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2015 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2020 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2025 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2030 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2035 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2040 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2045 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2050 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2055 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2060 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Blend Plus 2065 Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® In Retirement Portfolio | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Portfolio: Aggressive | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Portfolio: Conservative | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Portfolio: Moderate | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Portfolio: Very Aggressive | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
One Choice® Portfolio: Very Conservative | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
Real Estate Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Select Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Short Duration Fund | daily | daily | Paid | Paid | 12/07/2022 |
Short Duration Inflation Protection Bond Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Short Duration Strategic Income Fund | daily | daily | Paid | Paid | 12/07/2022 |
Short-Term Government Fund | daily | daily | Paid | Paid | 12/07/2022 |
Small Cap Dividend Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Small Cap Growth Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Small Cap Value Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Small Company Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Strategic Allocation: Aggressive Fund | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
Strategic Allocation: Conservative Fund | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
Strategic Allocation: Moderate Fund | Paid | 12/28/2022 | Paid | Paid | 12/28/2022 |
Sustainable Equity Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Ultra® Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Utilities Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Value Fund | Paid | 12/21/2022 | Paid | Paid | 12/21/2022 |
Zero Coupon 2025 Fund | Paid | 12/09/2022 | Paid | Paid | 12/09/2022 |
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, 2022, 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.
Variable Portfolios 2022 Estimated Distributions
As of 10/31/20222
Fund Name | Ordinary Income Per Share3 | Ordinary Income Pay Date4 | Short-Term Capital Gain Per Share | Long-Term Capital Gains Per Share | Capital Gain Pay Date4 |
VP Balanced Fund | Paid | 12/28/2022 | Paid | Paid | N/A |
VP Disciplined Core Value Fund | Paid | 12/28/2022 | Paid | Paid | N/A |
VP Inflation Protection Fund | Paid | 12/28/2022 | Paid | Paid | N/A |
VP Large Company Value Fund | Paid | 12/28/2022 | Paid | Paid | N/A |
VP Mid Cap Value Fund | Paid | 12/28/2022 | Paid | Paid | N/A |
VP Value Fund | Paid | 12/28/2022 | Paid | Paid | N/A |
American Century Investments Variable Portfolio Funds (VP Funds) are a series of investment choices available exclusively through variable annuity and variable universal life products. There are no plans to distribute VP Funds in any other way. Performance will vary based on the fees and expenses assessed with investments in variable insurance products. Those charges are disclosed in the separate account prospectus.
The VP Funds are managed by the same management team using the same objectives, approach, and philosophy as the retail fund. The VP portfolios are managed in a manner that under normal circumstances should produce similar performance. However, it is important to note that there are additional fees and charges assessed with investments in variable insurance products, those charges are disclosed in the separate account prospectus. The fees and charges will reduce returns when compared to that of the retail fund. There is no guarantee that the management team will achieve the same or similar performance in the future.
Exchange Traded Funds 2022 Estimated Distributions
As of 10/31/20222
Fund Name | Ordinary Income Per Share3 | Ordinary Income Pay Date9 | Short-Term Capital Gain Per Share | Long-Term Capital Gains Per Share | Capital Gain Pay Date9 |
American Century® Diversified Corporate Bond ETF (KORP)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Diversified Municipal Bond ETF (TAXF)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Emerging Markets Bond ETF (AEMB)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Focused Dynamic Growth ETF (FDG)A, 10 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Focused Large Cap Value ETF (FLV)A, 10 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Low Volatility ETF (LVOL)5 | Paid |
| Paid | Paid | 12/20/2022 |
American Century® Mid Cap Growth Impact ETF (MID)A, 11, 12 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Multisector Income ETF (MUSI)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Quality Convertible Securities ETF (QCON)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Quality Diversified International ETF (QINT)6 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Quality Preferred ETF (QPFF)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Select High Yield ETF (AHYB)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Short Duration Strategic Income ETF (SDSI)5 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® STOXX® U.S. Quality Growth ETF (QGRO)6, 7, 8 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® STOXX® U.S. Quality Value ETF (VALQ)6, 7, 8 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Sustainable Equity ETF (ESGA)A, 12 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
American Century® Sustainable Growth ETF (ESGY)A, 11, 12 | Paid | 12/20/2022 | Paid | Paid | 12/20/2022 |
You may have to pay more money to trade the ETFs' shares. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information.
The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because it provides less information to traders.
These additional risks may be even greater in bad or uncertain market conditions.
MID, ESGY and ESGA will publish on their website each day a "Proxy Portfolio" designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF's holdings, it is not the ETF's actual portfolio.
The differences between these ETFs and other ETFs may also have advantages. By keeping certain information about the ETFs secret, these ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETFs' performance. If other traders are able to copy or predict the ETFs' investment strategy, however, this may hurt the ETFs' performance.
For additional information regarding the unique attributes and risks of these ETFs, see the additional risk discussion at the end of this material.
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.
Dividend 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.
The estimates provided are as of October 31, 2022. 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.
The 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 2023.
Per-share distributions are paid to investors who are shareholders of record with American Century Investments the business day before the payable date.
This fund is an actively managed 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.
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.
STOXX® is a registered trademark of STOXX Ltd.
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.
Per-share distributions are determined on ex-date 12/15/2022 for shareholders of record the business day after the ex-date.
The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.
This fund may invest in a limited number of companies, which carries more risk because changes in the value of a single company may have a more significant effect, either negative or positive on the fund's value.
Because the shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor also may incur the cost of the spread between the price at which a dealer will buy shares and the somewhat higher price at which a dealer will sell shares.
The Verified Intraday Indicative Value: Unlike traditional ETFs, the fund does not tell the public what assets it holds each day. Instead, the fund provides a verified intraday indicative value (VIIV), calculated and disseminated every second throughout the trading day by the Cboe BZX Exchange, Inc. (Listing Exchange) or by market data vendors or other information providers. It is available on websites that publish updated market quotations during the trading day, by searching for the fund's ticker plus the extension .IV, though some websites require more unique extensions. For example, the VIIV can be found on Yahoo Finance (https://finance.yahoo.com) by typing "^FLV-IV" (for Focused Large Cap Value ETF) or "^FDG-IV" (for Focused Dynamic Growth ETF) in the search box labeled "Quote Lookup." The VIIV is based on the current market value of the securities in the fund's portfolio on that day. The VIIV is intended to provide investors and other market participants with a highly correlated per share value of the underlying portfolio that can be compared to the current market price. The specific methodology for calculating the fund's VIIV is available on the fund's website.
Portfolio Transparency Risk: The VIIV is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the fund's shares trading at or close to the underlying net asset value (NAV) per share of the fund. There is, however, a risk, which may increase during periods of market disruption or volatility, that market prices will vary significantly from the underlying NAV of the fund. Similarly, because the fund's shares trade on the basis of a published VIIV, they may trade at a wider bid/ask spread than shares of ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and therefore, may cost investors more to trade. Although the fund seeks to benefit from keeping its portfolio information secret, some market participants may attempt to use the VIIV to identify the fund's trading strategy, which if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the fund and its shareholders.
Early Close / Trading Halt Risk: Trading in fund shares on the Listing Exchange may be halted in certain circumstances. Trading halts may have a greater impact on the fund than traditional ETFs because of its lack of transparency. An extended trading halt in a portfolio security could exacerbate discrepancies between the VIIV and the fund's NAV.
Authorized Participant / Authorized Participant Representative Concentration Risk: The fund issues and redeems shares in Creation Units to Authorized Participants. The creation and redemption process for the fund occurs through a confidential brokerage account (Confidential Account) with an agent, called an AP Representative. The fund may have a limited number of institutions that act as Authorized Participants and AP Representatives, none of which are obligated to engage in creation or redemption transactions. The fact that the fund is offering a novel and unique structure may affect the number of entities willing to act as Authorized Participants and AP Representatives. During times of market stress, Authorized Participants may be more likely to step away from this type of ETF than a traditional ETF.
ESGY, MID: The fund is classified as non-diversified. Because it is non-diversified, it may hold large positions in a small number of securities. To the extent it maintains such positions; a price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.
The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.
Proxy Portfolio Risk: The goal of the Proxy Portfolio is to track closely the daily performance of the Actual Portfolio. The Proxy Portfolio is designed to reflect the economic exposures and the risk characteristics of the Actual Portfolio on any given trading day.
ETFs trading on the basis of a published Proxy Portfolio may exhibit wider premiums and discounts, bid/ask spreads, and tracking error than other ETFs using the same investment strategies that publish their portfolios on a daily basis, especially during periods of market disruption or volatility. Therefore, shares of the fund may cost investors more to trade than shares of a traditional ETF.
Each day the fund calculates the overlap between the holdings of the prior Business Day's Proxy Portfolio compared to the Actual Portfolio (Proxy Overlap) and the difference, in percentage terms, between the Proxy Portfolio per share NAV and that of the Actual Portfolio (Tracking Error).
Although the fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Proxy Portfolio to identify a fund's trading strategy, which if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the fund and its shareholders.
Premium/Discount Risk: Although the Proxy Portfolio is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the fund at or close to the underlying net asset value (NAV) per share of the fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the fund.
Trading Issues Risk: Trading halts may have a greater impact on this fund compared to other ETFs due to the fund's nontransparent structure.
Authorized Participant Concentration Risk: Only an authorized participant may engage in creation or redemption transactions directly with the fund. The fund may have a limited number of institutions that act as authorized participants. The fact that the fund is offering a novel and unique structure may affect the number of entities willing to act as Authorized Participants. During times of market stress, Authorized Participants may be more likely to step away from this type of ETF than a traditional ETF.
Many of American Century's investment strategies incorporate the consideration of environmental, social, and/or governance (ESG) factors into their investment processes in addition to traditional financial analysis. However, when doing so, the portfolio managers may not consider ESG factors with respect to every investment decision and, even when such factors are considered, they may conclude that other attributes of an investment outweigh ESG considerations when making decisions for the portfolio. The consideration of ESG factors may limit the investment opportunities available to a portfolio, and the portfolio may perform differently than those that do not incorporate ESG considerations. ESG data used by the portfolio managers often lacks standardization, consistency, and transparency, and for certain companies such data may not be available, complete, or accurate.
Effective February 14, 2023, Strategic Income Fund was renamed Multisector Income Fund.
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.