American Century Changes Name of Bond Fund.MOUNTAIN VIEW, Calif. -- Effective January 1, 2006, one of American Century This article is about the term used for American power in the 20th century. For the investment company, see American Century Investments. "American Century" is a term coined by Time Investments' fixed income portfolios was renamed to better reflect its underlying investment process and strategy. American Century Intermediate-Term Intermediate-term Typically one-ten years. intermediate-term Of or relating to an investment with an expected holding period somewhere between short-term and long-term. Tax-Free Fund (BCITX) was changed to American Century California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Tax-Free Bond Fund. The investment policy will be broadened to allow the portfolio to hold investment-grade securities of all maturity ranges. The name change applies to all share classes of the fund. "We are changing the name to highlight the portfolio's primary investment goal of a high level of current income exempt from federal taxes and California state taxes," said Robert Miller, the portfolio manager for the California Tax-Free Fund. "Many investors will welcome our flexibility to build a portfolio with a maturity longer than 10 years," Miller said. "This open maturity range provides the opportunity for a high degree of risk-adjusted performance as we can freely invest across the maturity spectrum as market conditions warrant." The American Century Investments American Century Investments is a privately held investment management firm. Its headquarters are located at 4500 Main in Kansas City, Missouri, near the famous Country Club Plaza. It was formerly known as Twentieth Century Investments. The company was founded by James E. management team endeavors to accomplish the fund's objectives by investing in quality municipal debt securities. The management team works with the municipal credit research team to look for lower-rated investment-grade bonds Investment-grade bonds A bond that is assigned a rating in the top four categories by commercial credit rating companies. S&P classifies investment-grade bonds as BBB or higher, and Moody's classifies investment grade bonds as BAA or higher. Related: High-yield bond. that appear undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. and likely to appreciate. The minimum investment into California Tax-Free Bond Fund will remain $5,000. The newspaper listing will change to CaTxFBnd; however, its ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors remains BCITX. The fund is managed by American Century's fixed income division, based in Mountain View, Calif., which oversees some $17 billion in assets. About American Century American Century Investments is a leading investment manager with nearly 50 years of experience helping investors achieve their financial goals. Serving financial professionals,institutions, corporations and 1.6 million individual investors, American Century offers a broad array of products across a variety of investment disciplines. Based in Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo., the company manages more than $100 billion in assets through mutual funds, separate accounts, commingled trusts, sub-advisory accounts and institutional products. James E. Stowers James E. Stowers (born 1924) is the founder of American Century Investments and the Stowers Institute for Medical Research. Born and raised in Kansas City, Missouri, Jim Stowers graduated from Kemper Military School in Boonville, Missouri. Jr. founded the company in 1958. His son, James E. Stowers III, is chairman and William M. Lyons is president and chief executive officer. For the past six years, American Century, which employs 1,900 people, has been selected as one of FORTUNE Magazine's 100 Best Companies to Work for in America. For more information about the company, visit www.americancentury.com. You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus, which can be obtained by calling 800-345-6488 or by visiting americancentury.com, contains this and other information about the fund, and should be read carefully before investing. Past performance is not a guarantee of future results. Investment return and principal value will fluctuate, and it is possible to lose money by investing. Like most investments, bond funds involve some degree of risk. For instance, when interest rates rise, bond prices usually fall, and when interest rates fall, bond prices usually rise. As a general rule, bond prices are affected by market conditions and interest-rate fluctuations. |
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