American Century Changes Names of Two Stock Funds.Business Editors 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.--(BUSINESS WIRE)--Feb. 3, 2003 Effective March 1, 2003, two of 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. equity portfolios will be renamed to better reflect their underlying investment processes and strategies. 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 Tax-Managed Value Fund (ACTIX) will change to American Century Capital Value and American Century Small Cap Quantitative Fund (ASQIX) will be renamed American Century Small Company Fund. The name changes apply to all share classes of the funds. American Century Capital Value "We are changing the name to highlight the portfolio's primary investment goal of capital growth," said Charles Ritter rit·ter n. pl. ritter A knight. [German, from Middle High German riter, from Middle Dutch ridder, from r , vice president and senior portfolio manager for Capital Value. "Many investors interpreted Tax-Managed Value to mean the fund was a non-equity investment or produced lower returns because of the tax-managed aspect. However, the tax management aspect will remain an important part of the investment process." In addition to the name change, the minimum investment into Capital Value will decrease from $10,000 to $2,500. The newspaper listing will change to CapVal; 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 ACTIX. Capital Value seeks long-term capital appreciation with lower potential annual distributions than traditional equity portfolios. It may be appropriate for investors who want to diversify equity-heavy portfolios while maintaining a preference for higher-risk securities. Managers Mark Mallon and Ritter have guided this portfolio since its inception, March 31, 1999. American Century Small Company Fund According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Matti Von Turk, portfolio manager for American Century Small Company Fund, the new name better communicates the portfolio's primary objective to investors. "First, to better reflect the nature of the companies that the fund invests in, the term 'capitalization' was deleted," Turk said. "Often market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. has little correlation with the size or prospects of the company. Second, the term 'quantitative' is often misunderstood by investors; in this fund, the quantitative is only part of the investment management process." Small Company Fund's primary objective is to identify the most attractive small companies through both growth and value measures. With this name change, the fund's investment process will not change, which has delivered competitive and relative risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. over the life of the fund. Turk has been on the portfolio's management team since inception, July 31, 1998, supported by team managers John Schniedwind and Bill Martin. American Century is a leading investment manager with more than 40 years of experience helping investors achieve their financial goals. Serving investment professionals, institutions, corporations and nearly two million individual investors, American Century offers a broad array of products across a variety of investment disciplines. Based in Kansas City, Mo., the company manages approximately $70 billion in assets through mutual funds, managed accounts, commingled trusts and subadvisory accounts. 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 and serves as chairman. His son, James E. Stowers III, is co-chairman and William M. Lyons is president and chief executive officer. For the past four years, American Century, which employs approximately 2,700 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. Investment return and principal value will fluctuate, and redemption value Redemption Value refers to the value that is placed on a party's head after they wrong you in some way. It is seen as the payment you are willing to make to get justice. may be more or less than original cost. For more information on American Century funds, including charges and expenses, call an Investor Services Representative at 800/345-2021 from 7 a.m. to 7 p.m. Central Time for fund prospectuses or profiles, which should be read carefully before investing or sending money. American Century Investment Services, Inc. is the distributor of American Century funds. While Capital Value seeks to minimize tax distributions to shareholders, it may realize taxable gains Taxable Gain The portion of a sale that is liable to taxation. Notes: When redistributing mutual fund shares that have increased in value, returns may be subject to taxation. See also: Capital gain, Income Tax and earn some dividends. |
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