Fund Facts  

Inception Date: Jul 8, 1998
Ticker Symbol: ACIIX
Morningstar Category:Large Value
As of Sep 30, 2016
Fund Net Assets ($millions) $11,531

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks current income; capital appreciation is a secondary objective.

Principal Investment Strategies  

The fund invests in equity securities of companies with a favorable income-paying history that has prospects for income payments to continue or increase. The portfolio managers also look for equity securities of companies that they believe are undervalued and have the potential for an increase in price. The fund may invest a portion of its assets in foreign securities when these securities meet the portfolio managers' standards of selection.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
American Century® Equity Inca1.83%14.89%22.33%11.23%14.04%7.21%8.60%
Russell 3000 Value Indexa,b3.87%10.40%16.38%9.46%16.09%5.84%N/A
Morningstar Large Valuea,c3.70%7.84%13.08%7.70%14.02%5.40%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa0.74%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 3000® Value Index measures the performance of those Russell 3000® Index companies with lower price-to-book ratios and lower forecasted growth values. The stocks in this index are also members of either the Russell 1000® Value or the Russell 2000® Value indexes.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 20, 2016Sep 20, 2016$0.042600000
Jun 21, 2016Jun 21, 2016$0.056300000
Mar 15, 2016Mar 15, 2016$0.031000000
Dec 28, 2015Dec 28, 2015$0.072700000
Dec 8, 2015Dec 8, 2015$0.631600000
Sep 8, 2015Sep 8, 2015$0.058900000
Jun 9, 2015Jun 9, 2015$0.056700000
Mar 10, 2015Mar 10, 2015$0.031600000
Dec 23, 2014Dec 23, 2014$0.071200000
Dec 9, 2014Dec 9, 2014$0.662000000
Sep 9, 2014Sep 9, 2014$0.054300000
Jun 10, 2014Jun 10, 2014$0.078400000
Mar 11, 2014Mar 11, 2014$0.031600000
Dec 23, 2013Dec 23, 2013$0.070000000
Dec 6, 2013Dec 6, 2013$0.548900000
Sep 10, 2013Sep 10, 2013$0.054200000
Jun 11, 2013Jun 11, 2013$0.057100000
Mar 12, 2013Mar 12, 2013$0.039800000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2016
Period Stars Category Size
Overall 4 Stars1179
3-Year 5 Stars1179
5-Year 3 Stars1040
10-Year 5 Stars761

For 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, fee waivers, 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. 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. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Sep 30, 2016
Equity Stylebox
Large Value
Allocation of Assets As of Jun 30, 2016
Type of Asset Percent
Equity81%
Fixed Income17%
Cash/Other2%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Jun 30, 2016
Asset ClassPercent
Domestic Stock77.6%
Foreign Stock3.3%
Domestic Bond2.6%
Foreign Bond0.0%
Preferred7.6%
Convertible6.5%
Cash0.7%
Other1.7%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Jun 30, 2016
SectorPercent
Financial Services16.2%
Energy14.5%
Healthcare12.0%
Consumer Defensive10.8%
Industrials7.5%
Utilities7.1%
Technology6.8%
Basic Materials2.2%
Communication Services1.6%
Consumer Cyclical1.2%
Real Estate0.6%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Jun 30, 2016
Holding NamePercent
iShares Russell 1000 Value4.9%
SPDR® S&P 500 ETF4.6%
Johnson & Johnson4.1%
Exxon Mobil Corp3.8%
Wells Fargo & Co, San Francisco Ca Pfd3.4%
Bk Amer Pfd3.3%
Intel Cv 2.95%3.3%
Microchip Tech Cv 1.625%3.2%
Schlumberger Ltd2.9%
Pfizer Inc2.6%
 

Statistics

Portfolio Statistics As of Sep 30, 2016
Statistic3-Year5-Year
Beta0.680.66
Alpha4.303.12
Standard Deviation7.797.95
 
 

Footnotes

1.

American Century® is a registered trademark of American Century Services Corporation.

2.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.