G. David MacEwen and Victor Zhang, Co-Chief Investment Officers
Introduction -
Lower Correlations1 Support Our Active Management Approaches
G. David MacEwen

Victor Zhang


Mark Kopinski, Chief Investment Officer, Global and Non-U.S. Equity
Global and Non-U.S. Equity -
Stock Pickers of the World, Unite
Mark Kopinski



David Hollond, Chief Investment Officer, U.S. Growth Equity - Mid & Small Cap
U.S. Growth Equity: Mid and Small Cap -
Individual Growth Stocks Matter Again
David Hollond
Scott Wittman, CFA, CAIA, Chief Investment Officer, Asset Allocation & Disciplined Equity

Disciplined Equity -
Valuation: The Cornerstone of Investing's "Four Basic Food Groups"

Scott Wittman, CFA, CAIA



Phillip N. Davidson, CFA, Chief Investment Officer, U.S. Value Equity
U.S. Value Equity -
The Value of Reduced Stock Correlations1
Phillip N. Davidson, CFA


Scott Wittman, CFA, CAIA, Chief Investment Officer, Asset Allocation & Disciplined Equity
Asset Allocation -
All Things in Moderation
Scott Wittman, CFA, CAIA


Greg Woodhams, CFA, Chief Investment Officer, U.S. Growth Equity - Large Cap

U.S. Growth Equity Large Cap -
Why Growth Investors Care about the Cash-Flow Dynamic

Greg Woodhams, CFA
G. David MacEwen, Co-Chief Investment Officer
Fixed Income -
Corporate Bond Sector Correlations1 Encourage Active Security Selection
G. David MacEwen


1 Correlation
Correlation measures the relationship between two investments--the higher the correlation, the more likely they are to move in the same direction for a given set of economic or market events. So if two securities are highly correlated, they will move in the same direction the vast majority of the time. Negatively correlated investments do the opposite--as one security rises, the other falls, and vice versa. No correlation means there is no relationship between the movement of two securities--the performance of one security has no bearing on the performance of the other. Correlation is an important concept for portfolio diversification--combining assets with low or negative correlations can improve risk-adjusted performance over time by providing a diversity of payouts under the same financial conditions.

The opinions expressed are those of the individual investment managers and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice.

Statements regarding specific holdings represent personal views and compensation has not been received in connection with such views.

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.

International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

Historically, small- and mid-cap stocks have been more volatile than the stocks of larger, more established companies.

Diversification does not assure a profit nor does it protect against loss of principal.

Generally, as interest rates rise, bond values will decline. The opposite is true when interest rates decline.

Past performance is no guarantee of future results. Mutual fund investing involves market risk. Investment return and fund share value will fluctuate. It is possible to lose money by investing in mutual funds.

For detailed descriptions of any index referenced above, refer to our Glossary.