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 Risk Glossary for additional information about the Fund’s risks.
Performance & Expenses
|Fund/Benchmark Name||Qtr||YTD||1-Yr||3-Yr||5-Yr||10-Yr||Since Inception|
|American Century® Equity Inca||6.18%||6.18%||7.11%||9.83%||10.06%||7.19%||8.37%|
|Russell 3000 Value Indexa,b||1.64%||1.64%||-2.05%||9.08%||9.95%||5.60%||N/A|
|Morningstar Large Valuea,c||1.28%||1.28%||-2.96%||8.16%||8.75%||5.20%||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.
a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. 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. ICMA-RC does not independently verify Morningstar data.
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 Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.
|Record Date||Ex/Payable Date||Income/Capital Gains Paid Per Share|
|Mar 15, 2016||Mar 15, 2016||$0.031000000|
|Dec 28, 2015||Dec 28, 2015||$0.072700000|
|Dec 8, 2015||Dec 8, 2015||$0.631600000|
|Sep 8, 2015||Sep 8, 2015||$0.058900000|
|Jun 9, 2015||Jun 9, 2015||$0.056700000|
|Mar 10, 2015||Mar 10, 2015||$0.031600000|
|Dec 23, 2014||Dec 23, 2014||$0.071200000|
|Dec 9, 2014||Dec 9, 2014||$0.662000000|
|Sep 9, 2014||Sep 9, 2014||$0.054300000|
|Jun 10, 2014||Jun 10, 2014||$0.078400000|
|Mar 11, 2014||Mar 11, 2014||$0.031600000|
|Dec 23, 2013||Dec 23, 2013||$0.070000000|
|Dec 6, 2013||Dec 6, 2013||$0.548900000|
|Sep 10, 2013||Sep 10, 2013||$0.054200000|
|Jun 11, 2013||Jun 11, 2013||$0.057100000|
|Mar 12, 2013||Mar 12, 2013||$0.039800000|
|Dec 26, 2012||Dec 26, 2012||$0.061400000|
|Dec 7, 2012||Dec 7, 2012||$0.082100000|
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.
|Type of Asset||Percent|
Due to rounding, percentages shown may not add up to 100%.
Due to rounding, percentages shown may not add up to 100%.
Exposure reflects equity securities only and will sum to the equity exposure of the fund.
|iShares Russell 1000 Value||5.0%|
|Bk Amer Pfd||4.6%|
|Wells Fargo & Co, San Francisco Ca Pfd||4.2%|
|Exxon Mobil Corporation||3.7%|
|Johnson & Johnson||3.2%|
|Microchip Tech 144A Cv 1.625%||3.1%|
|Procter & Gamble Co||2.8%|
American Century® is a registered trademark of American Century Services Corporation.
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 email@example.com, 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.