American Century Investments® Announces CIO Promotions

American Century Investments® Announces CIO Promotions

June 20, 2017 - Kansas City, Mo.

American Century Investments today announced the promotions of Rich Weiss and Vinod Chandrashekaran, Ph.D., to chief investment officer roles overseeing the multi-asset strategies and disciplined equity teams, respectively. Weiss has served as a senior vice president and senior portfolio manager on the multi-asset strategies team since 2010. Chandrashekaran joined the firm in 2013 and serves as senior vice president, portfolio manager and director of quantitative research and portfolio management.

Under the leadership of Weiss, the multi-asset strategies team is responsible for the firm's various asset allocation strategies, including the popular target-date and target-risk One Choice® Portfolios, Strategic Allocation Portfolios, Multi-Asset Income, Global Allocation and the Kansas Learning Quest 529 Education Savings Program and Schwab 529 Plan. The discipline's total assets under management are approximately $38 billion.*

Chandrashekaran is responsible for the firm's quantitatively managed disciplined equity product suite, which includes strategies designed to produce superior risk-adjusted returns relative to their benchmarks. The strategies aim to systematically capture behavioral and other market inefficiencies through an unbiased, multi-factor approach in a structured, risk-managed process. Established in 1990, the disciplined equity strategies represent approximately $15 billion1 in assets under management.

"Rich and Vinod are asset management industry veterans whose breadth of experience and client-centric focus make them uniquely qualified to lead their respective investment disciplines," said Victor Zhang, co-chief investment officer of American Century Investments. "Rich is a recognized industry thought leader who regularly provides market commentary and his economic perspective to top-tier financial media, while Vinod's substantial quantitative expertise has been leveraged by American Century Investments to enhance security selection and manage risk for the benefit of our clients."

Weiss and Chandrashekaran succeed Scott Wittman, who previously served as chief investment officer over the two disciplines. After eight years with the firm, Wittman has decided to leave American Century Investments to pursue other interests. While Wittman also served as a senior portfolio manager on multiple strategies within both disciplines, there are no plans to backfill his role.

Prior to his promotion, Weiss had already been leading the day-to-day management of the multi-asset strategies discipline, a role he has held since joining the firm. His responsibilities include research, portfolio management and personnel management.

Weiss continues to serve on the company's asset allocation committee, which is comprised of senior investment leaders and plays a key role in the management of the multi-asset strategies, including the One Choice® Target Date portfolios. The committee reviews and approves all decisions related to asset class diversification, glide path, tactical and strategic allocations, manager selection, watch list review and performance reviews. Chandrashekaran also will join the committee as representative of the disciplined equity strategies.

"The asset allocation committee plays a critical role in the management of our multi-asset strategies," said David MacEwen, American Century Investments co-chief investment officer and asset allocation committee chair. "Comprised of our discipline CIOs and heads of global analytics and alternatives, the committee reviews and approves all changes to the discipline's strategies and provides input to the current and future research agenda."

Prior to joining American Century Investments, Weiss was executive vice president and chief investment officer of City National Bank, where he was responsible for its investment management group and directed investment policy and strategy. Previously, he was executive vice president and chief investment officer at Sanwa Bank California, where he managed all aspects of its investment department. Earlier in his career, Weiss held senior investment positions at Vantage Global Advisors, TSA Capital Management, PaineWebber and Mellon Bank. He has worked in the investment industry since 1984. Weiss holds a bachelor's degree in finance from the Wharton School at the University of Pennsylvania and a master's in business administration from the University of Chicago.

Since joining American Century Investments in 2013, Chandrashekaran has led the quantitative research efforts for the disciplined equity group. In 2015, he assumed day-to-day oversight of the portfolio management teams within the discipline. Previously, Chandrashekaran served a decade in senior leadership positions at BlackRock/BGI. Those roles included head of risk management for the firm's quantitative equity and global-macro strategies, head of implementation research for BGI's quantitative active equity teams and head of the U.S. large cap equity portfolio management team. Earlier in his career, he was with Barra Inc., where he served as head of equity research. Chandrashekaran holds a B.Tech (bachelor of technology) in electronics from the Indian Institute of Technology (Madras, India) and a post-graduate diploma in management from the Indian Institute of Management (Calcutta, India). He earned a master's degree and Ph.D. in finance from the University of California at Berkeley.

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; 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 nearly $1.3 billion since 2000. For more information about American Century Investments, visit www.americancentury.com.

* Multi-Asset Strategies assets under management were $37.9 billion as of May 31, 2017
1 Disciplined Equity assets under management were $15.1 billion as of March 31, 2017

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.

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