To help with your 2013 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 10/31/20132
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
All Cap Growth Fund Final 12/17/2013 Final Final 12/17/2013
Balanced Fund Final 12/23/2013 Final Final 12/17/2013
California High-Yield Municipal Fund daily daily Final Final 12/6/2013
California Intermediate-Term Tax-Free Bond Fund daily daily Final Final 12/6/2013
California Long-Term Tax-Free Fund daily daily Final Final 12/6/2013
Capital Value Fund Final 12/17/2013 Final Final 12/17/2013
Core Equity Plus Fund Final 12/23/2013 Final Final 12/10/2013
Core Plus Fund daily daily Final Final 12/6/2013
Disciplined Growth Fund Final 12/23/2013 Final Final 12/10/2013
Disciplined Growth Plus Fund Final 12/23/2013 Final Final 12/10/2013
Diversified Bond Fund daily daily Final Final 12/6/2013
Emerging Markets Fund Final 12/17/2013 Final Final 12/17/2013
Emerging Markets Value Fund Final 12/10/2013 Final Final 12/10/2013
Equity Growth Fund Final 12/23/2013 Final Final 12/10/2013
Equity Income Fund Final 12/23/2013 Final Final 12/6/2013
Equity Market Neutral Fund Final 12/23/2013 Final Final 12/10/2013
Focused Growth Fund Final 12/17/2013 Final Final 12/17/2013
Fundamental Equity Fund Final 12/17/2013 Final Final 12/17/2013
Ginnie Mae Fund daily daily Final Final 12/6/2013
Global Allocation Fund Final 12/30/2013 Final Final 12/30/2013
Global Bond Fund Final 12/23/2013 Final Final 12/10/2013
Global Gold Fund Final 12/23/2013 Final Final 12/10/2013
Global Growth Fund Final 12/17/2013 Final Final 12/17/2013
Global Real Estate Final 12/10/2013 Final Final 12/10/2013
Government Bond Fund daily daily Final Final 12/6/2013
Growth Fund Final 12/17/2013 Final Final 12/17/2013
Heritage Fund Final 12/4/2013 Final Final 12/4/2013
High-Yield Fund daily daily Final Final 12/6/2013
High-Yield Municipal Fund daily daily Final Final 12/6/2013
Income & Growth Fund Final 12/23/2013 Final Final 12/10/2013
Inflation-Adjusted Bond Fund Final 12/23/2013 Final Final 12/6/2013
Intermediate-Term Tax-Free Bond Fund daily daily Final Final 12/6/2013
International Bond Fund Final 12/23/2013 Final Final 12/10/2013
International Core Equity Fund Final 12/10/2013 Final Final 12/10/2013
International Discovery Fund Final 12/17/2013 Final Final 12/17/2013
International Growth Fund Final 12/17/2013 Final Final 12/17/2013
International Opportunities Fund Final 12/17/2013 Final Final 12/17/2013
International Value Fund Final 12/17/2013 Final Final 12/17/2013
Large Company Value Fund Final 12/23/2013 Final Final 12/6/2013
Legacy Focused Large Cap Fund Final 12/10/2013 Final Final 12/10/2013
Legacy Large Cap Fund Final 12/10/2013 Final Final 12/10/2013
Legacy Multi Cap Fund Final 12/10/2013 Final Final 12/10/2013
Long-Term Tax-Free Fund daily daily Final Final 12/6/2013
Market Neutral Value Fund Final 12/23/2013 Final Final 12/6/2013
Mid Cap Value Fund Final 12/23/2013 Final Final 12/6/2013
New Opportunities Fund Final 12/17/2013 Final Final 12/17/2013
One Choice 2015 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2020 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2025 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2030 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2035 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2040 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2045 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2050 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice 2055 Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice In Retirement Portfolio Final 12/30/2013 Final Final 12/30/2013
One Choice Portfolio: Aggressive Final 12/30/2013 Final Final 12/30/2013
One Choice Portfolio: Conservative Final 12/30/2013 Final Final 12/30/2013
One Choice Portfolio: Moderate Final 12/30/2013 Final Final 12/30/2013
One Choice Portfolio: Very Aggressive Final 12/30/2013 Final Final 12/30/2013
One Choice Portfolio: Very Conservative Final 12/30/2013 Final Final 12/30/2013
Real Estate Fund Final 12/23/2013 Final Final 12/6/2013
Select Fund Final 12/17/2013 Final Final 12/17/2013
Short Duration Fund daily daily Final Final 12/6/2013
Short Duration Inflation Protection Bond Fund Final 12/23/2013 Final Final 12/6/2013
Short-Term Government Fund daily daily Final Final 12/6/2013
Small Cap Growth Fund Final 12/17/2013 Final Final 12/17/2013
Small Cap Value Fund Final 12/23/2013 Final Final 12/6/2013
Small Company Fund Final 12/23/2013 Final Final 12/10/2013
Strategic Allocation: Aggressive Fund Final 12/17/2013 Final Final 12/17/2013
Strategic Allocation: Conservative Fund Final 12/23/2013 Final Final 12/17/2013
Strategic Allocation: Moderate Fund Final 12/23/2013 Final Final 12/17/2013
Strategic Inflation Opportunities Fund Final 12/23/2013 Final Final 12/10/2013
Ultra Fund Final 12/17/2013 Final Final 12/17/2013
Utilities Fund Final 12/23/2013 Final Final 12/10/2013
Value Fund Final 12/23/2013 Final Final 12/6/2013
Veedot Fund Final 12/17/2013 Final Final 12/17/2013
Vista Fund Final 12/4/2013 Final Final 12/4/2013
Zero Coupon 2015 Fund Final 12/13/2013 Final Final 12/13/2013
Zero Coupon 2020 Fund Final 12/13/2013 Final Final 12/13/2013
Zero Coupon 2025 Fund Final 12/13/2013 Final Final 12/13/2013

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, 2013, 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 www.irs.gov Link to External Site.

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.

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.

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.

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.



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 31, 2013. 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 2014.

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