American Century Investments Launches My Retirement Portfolios.MOUNTAIN VIEW, Calif. -- 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. announces today the launch of five new target-dated mutual funds named the My Retirement Portfolios 2015, 2025, 2035, 2045 & Income. The funds are designed to be a simple, easy-to-use solution for investors seeking a core investment strategy for their retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. needs, either inside or outside of a formal retirement plan. The My Retirement Portfolios are managed by the 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 Asset Allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. team, led by Senior Portfolio Manager Jeffrey Tyler, with Portfolio Manager Gina Sanchez. 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. American Century Senior Portfolio Manager, Jeffrey Tyler: "The interest in a highly diversified diversified (di·verˑ·s , simple-to-use investment option for retirees has grown dramatically since the 1990s. While my team has been managing asset allocation strategies for over 10 years at American Century, I've noticed in the past few years a greater demand to provide an option that is specifically with retirement investors in mind. We designed the My Retirement Portfolios to provide a one decision, one investment approach utilizing professional asset allocation, incorporating one of the highest levels of diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. available in the market today." The funds invest in a combination of American Century mutual funds representing various asset classes and sectors, and are one of the most diversified life-cycle options available. The fifteen underlying funds illustrate the best in American Century investment management expertise and are selected for their risk-reward profile, return correlations and other factors. Each My Retirement Portfolio's investment mix will vary with the number of years remaining to the determined year. As that year approaches, the allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as to equities will decrease, and the allocation to fixed income and money markets will increase. The objective of the funds is the highest total return consistent with an investment mix appropriate for the number of years remaining to the targeted year. Each dated My Retirement Portfolio's asset mix will be re-allocated annually. As mentioned, the My Retirement Portfolios have a broader level of diversification and style exposure than most life-cycle funds life-cycle fund A mutual fund that maintains a certain mix of stocks and bonds in order to attract investors of a given age and risk preference. Mutual fund families sometimes offer several different life-cycle funds with various asset allocations so as to on the market. According to Senior Portfolio Manager, Jeffrey Tyler: "The funds provide exposure to more asset classes than most life cycle options currently available -- real-estate, inflation-adjusted and international bonds, and have higher weightings in emerging market equities than most. In terms of style exposure, the My Retirement Portfolios provide a great overall style balance, are entirely actively managed, and we also will use cash strategically in each portfolio." The American Century My Retirement Portfolio use a funds of funds structure and total expenses are based on a pro-rata Pro-rata Used to describe a proportionate allocation. Notes: For example, a pro-rata dividend means that every shareholder gets an equal proportion for each share they own. See also: Dividend share of the expenses of the underlying funds. Therefore, the fees differ for each portfolio, and are approximately equal to the cost an investor would bear if they could construct the portfolio themselves. The fund minimum is $2,500. My Retirement Portfolio Ticker Symbol Total Expenses Income ARTOX 0.75% 2015 ARFIX 0.84% 2025 ARWIX 0.89% 2035 ARYIX 0.95% 2045 AROIX 0.97% For more information about the My Retirement Portfolios, call American Century at 1-800-345-2021. American Century Investments is a leading investment manager with more than 45 years of experience helping investors achieve their financial goals. Serving institutions, corporations, investment professionals and nearly two 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., with investment management offices in Mountain View, Calif., and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Ny., the company manages approximately $90 billion in assets through separate accounts, commingled trusts, subadvisory accounts and mutual funds. 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 five years, American Century, which employs approximately 1,800 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 1-800-345-2021 (or by visiting the website, www.americancentury.com), contains this and other information about the fund, and should be read carefully before investing. |
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