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FOR FINANCIAL PROFESSIONAL USE ONLY.
You should consider the fund's investment objectives, risks charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by calling 800-345-6488 (or by visiting the website), contains this and other information about the fund, and should be read carefully before investing.
American Century Investment Services, Inc., Distributor, has entered into an agreement with the LAF for rights to use the LIVESTRONG name. Under this agreement, every dollar invested in LIVESTRONG Portfolios through 2016 will help determine the amount the management company of American Century Investments will pay the LAF above a guaranteed amount. Under limited circumstances, the agreement can be terminated by either party, and there will be no future payments.
A LIVESTRONG Portfolio's target date is the approximate year when investors plan to start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Each target-date LIVESTRONG portfolio seeks the highest total return consistent with its asset mix. Each year, the asset mix and weightings are adjusted to be more conservative. In general, as the target year approaches, the portfolio's allocation becomes more conservative by decreasing the allocation to stocks and increasing the allocation to bonds and money market instruments.
The funds are designed to provide a comprehensive and broadly diversified investment solution for an investor retiring in the target year of the fund. The target year is intended as a general guide and does not necessarily represent the exact year portfolio assets will be used. The fund is a "fund of funds," meaning that it seeks to achieve its objective by investing in other American Century Investments mutual funds. As the fund's target year approaches, its investment mix will adjust to become more conservative; the allocation to stocks will decrease, and the allocation to bonds and money market instruments will increase. The fund's risks reflect those of the underlying investments. Market performance tends to be cyclical and if the market does not favor an underlying fund's style, that fund may suffer sharp declines as a result of earnings disappointments or other market or economic events. Foreign investment involves additional risks, including political instability and currency fluctuations. The value of an underlying fund's fixed-income securities is affected by interest-rate movements such that when interest rates rise, bond prices, and the value of the bond funds, fall.
American Century Investment Services, Inc. has entered into an agreement with the Lance Armstrong Foundation for rights to use the LIVESTRONG name. For more information about the foundation, visit livestrong.org.
American Century Investment Services, Inc., Distributor
Copyright 2011 American Century Proprietary Holdings, Inc. All rights reserved.
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