Adaptive All Cap Fund Modified to Adaptive Small Cap Fund

May 7, 2018 - Kansas City, Mo.

American Century Investments announced it is modifying its Adaptive All Cap strategy to become small cap-focused. Effective today, Adaptive All Cap Fund (ACMNX) will be renamed Adaptive Small Cap Fund and repositioned as a small cap offering.

The fund will employ the same quantitative investment process, but its benchmark moving forward will be the Russell 2000® Index, rather than the Russell 3000® Index.

The modifications are being implemented in order to benefit clients, according to American Century Investments Vice President, Global Product Management Drew Billingsley.

"Our research suggests that the quantitative models employed by the strategy are more robust when applied to the small cap market," Billingsley said. "The opportunity to produce greater returns with small caps potentially helps our clients."

Adaptive Small Cap will be governed by the same underlying investment process and philosophy used by the Adaptive Equity and Adaptive All Cap team. The process is quantitative and designed to generate risk-adjusted returns by investing in companies with the highest probability of outperforming based on historical factors and price patterns. Using artificial intelligence, the model combines both traditional fundamental factors with market-state factors in an effort to identify those stocks that, based on past and current conditions, should outperform over the near-term.

The fund, whose inception date was May 31, 2006, is co-managed by Vice President and Portfolio Manager Joe Reiland and Portfolio Manager Stephen Pool.


About American Century Investments

American Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve human health and save lives. Founded in 1958, American Century Investments' 1,300 employees serve investment professionals, institutions, corporations and individual investors from offices in New York; London; Hong Kong; Sydney; Mountain View, Calif.; and Kansas City, Mo. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang and David MacEwen serve as co-chief investment officers. Delivering investment results to clients enables American Century Investments to distribute over 40 percent of its dividends to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute owns more than 40 percent of American Century Investments and has received dividend payments of $1.4 billion since 2000. For more information, visit www.americancentury.com.

You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. Each fund's prospectus or summary prospectus, which can be obtained by visiting americancentury.com, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk.

©2018 American Century Proprietary Holdings Inc. All rights reserved.

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