June 6, 2013

The Securities and Exchange Commission (SEC) has proposed reforms that could result in changes to how money market funds operate. These proposals start a lengthy public comment period at the end of which the SEC will likely enact reforms that would take effect in 2014 or 2015. This action does not trigger any immediate changes to money market funds.

What's next?
The SEC will consider the public comments they receive and determine whether to propose specific changes. Any future changes to money market funds would depend on any final regulations the SEC ultimately enacts.

We've fully implemented previous reforms seeking to protect money market shareholders. Since introducing one of the oldest Treasury money market funds more than 40 years ago, we've managed these funds using a disciplined investment process and stringent credit standards.

American Century Investments® remains committed to always acting in the best interest of our shareholders. We will monitor the proposed reforms and continue to keep you updated as we gain more information. You can find specifics about the proposals at sec.gov Link to External Site.

We are here to help
As you review your investments, you may have questions about whether your cash investments are meeting your current needs. Contact one of our experienced Investment Consultants to discuss your specific situation and receive free guidance.

Money Market Fund: An investment in the fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.

This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.