SOURCE: American Century Services LLC

American Century Services LLC

June 21, 2016 10:00 ET

American Century Legacy Focused Large Cap Redesigned, Renamed

KANSAS CITY, MO--(Marketwired - June 21, 2016) - In order to provide its clients with a more concentrated investment option, American Century Investments is redesigning and renaming its Legacy Focused Large Cap strategy.

Effective today, the fund, renamed American Century Focused Dynamic Growth (ACFOX), becomes a more concentrated, active growth investment strategy. Under its new moniker, the fund will have a smaller number of holdings and strive for increased difference between the portfolio's returns and its benchmark. Stocks held in the portfolio will be comprised of companies that the team believes are in the early stages of their long-term growth cycle. The repositioning also will move the fund from the large-blend to the large-growth category.

Launched in 2006, the fund originally was designed as a "go-anywhere" product using a proprietary momentum investment approach. Enhancements will address a strategic need for a concentrated, high-growth extension of American Century's current fundamental growth investment capabilities.

Focused Dynamic Growth is co-managed by Keith Lee, CFA, Michael Li, Ph.D., Henry He, CFA and Prabha Ram, CFA. The fund has $8.4 million in assets under management as of June 13, 2016.

Keith Lee, CFA is vice president and senior portfolio manager. He originally joined American Century Investments in 1998 as an analyst on the Global Growth and Non-U.S. Growth strategies. He left the company briefly, joining Galleon Management in 2000 as a telecommunications equipment analyst. He returned to American Century in 2001. Prior to joining the company in 1998, He was a securities analyst for Oppenheimer Funds in New York. He has worked in the investment industry since 1996 and holds a Bachelor of Science degree in industrial engineering from Columbia University. He is a CFA® charterholder and a member of the CFA Institute.

Michael Li, Ph.D. is vice president and portfolio manager. He began his career in the financial industry in 2001 as an intern for American Century Investments, then joined the company in 2002. Previously, he worked for Bristol-Myers. He holds a Ph.D. from the University of Michigan and a master of business administration degree from The Wharton School, University of Pennsylvania.

Henry He, CFA is portfolio manager. He also provides fundamental research and analysis for the U.S. Large Cap Quality Growth and U.S. Premier Large Cap Growth strategies, and has been a member of those teams since joining American Century Investments in 2011. Previously, he was a senior equity research analyst and portfolio manager at BNP Paribas Investment Partners, where he was responsible for covering the health care sector and also managed their Global Healthcare and Biotech Sector Funds. Prior to that, he was Vice President, Research Analyst at Bank of New York, where he also covered the health care sector. Additionally, he was an equity research analyst with Narragansett Asset Management. He has worked in the investment industry since 2001. He earned a bachelor's degree in economics from Harvard University. He is a CFA® charterholder and a member of the CFA Institute.

Prabha Ram, CFA is portfolio manager. She also provides fundamental research and equity analysis for the U.S. Large Cap Quality Growth and U.S. Premier Large Cap Growth strategies. Before joining American Century Investments in 2008, she served at Bear Stearns Asset Management as a vice president covering financials and industrials for growth portfolios. Prior to that, she worked as an associate for Merrill Lynch Equity Research covering brokers, multinational banks and asset managers. Ram received a bachelor's degree in computer science and engineering from the University of Madras in Chennai, India, and a master's degree in computer science from the University of Maine in Orono, Maine. She also earned a master's degree in business administration from The Wharton School, University of Pennsylvania. She is a CFA® charterholder and a member of the CFA Institute.

About American Century Investments

American Century Investments is a leading privately held investment management firm, committed to delivering superior investment performance and building long-term client relationships since its founding in 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company's 1,300 employees serve clients 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% of its profits to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute is the controlling owner of American Century Investments and has received dividend payments totaling over $1.2 billion since 2000. For more information about American Century Investments, visit www.americancentury.com.

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 visiting americancentury.com, contains this and other information about the fund, and should be read carefully before investing.

American Century Investment Services, Inc., Distributor.

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