American Century Capital Value Fund Investor Class (ACTIX)
Filed: 19 Dec 08, 12:00am
Filed by: American Century Mutual Funds, Inc.
Pursuant to Rule 425 under the
Securities Act of 1933, as amended
Subject Company: American Century World Mutual Funds, Inc.
Investment Company Act File No: 811-06247
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NEWS RELEASE
Contact: Chris Doyle
(816) 340-4638
(816) 340-7033 (Media Line)
AMERICAN CENTURY INVESTMENTS ANNOUNCES STRATEGIC CHANGES
WITHIN ITS INVESTMENT MANAGEMENT GROUP
KANSAS CITY, Mo., Dec. 19, 2008 - American Century Investments announces a
series of strategic changes within its Investment Management group. The changes
- - which include new leadership appointments, team consolidations and fund
reorganizations - affect the company's International Equity, U.S. Growth Equity
and Asset Allocation disciplines.
"The changes are part of a recurring review of our investment teams and
product line to ensure the optimal combination of personnel and resources to
best meet the needs of our clients and investors," said American Century
Investments Chief Investment Officer Enrique Chang. "Going forward, these moves
will enhance our ability to execute our investment processes across our various
disciplines, which directly benefits our clients."
INTERNATIONAL EQUITY
- --------------------
Senior Vice President and Senior Portfolio Manager Mark Kopinski is being
promoted to chief investment officer, International Equity, replacing Mark On,
whose departure from the company is effective Dec. 19. In addition to his
International Equity CIO responsibilities, Kopinski will continue to co-manage
International Discovery (International Small-Mid Cap) and International
Opportunities (International Small Cap).
A 24-year veteran of the investment industry, Kopinski joined American
Century Investments in 1990 and established our first international equity
strategies, beginning with International Growth in 1991 and International
Discovery (International Small-Mid Cap) in 1994. He left the firm in 1995 but
returned in 1997 to launch Emerging Markets. Over the past 11 years, he has
served on a variety of teams within the International Equity discipline.
"On behalf of American Century Investments, it's my pleasure to
congratulate Mark Kopinski on this well-deserved promotion," said Enrique Chang.
"During his 16 years with the company, Mark has displayed outstanding investment
management skills and strong leadership qualities, which have made him well
respected both inside and outside of the company."
U.S. GROWTH EQUITY
- ------------------
The portfolio teams for Ultra (Premier Large Cap Growth) and Select (Core
Growth) are being combined in order to more effectively leverage the analytical
resources of both teams. Going forward, the two strategies will be managed by a
team consisting of U.S. Growth Equity Chief Investment Officer Stephen Lurito,
Vice President and Portfolio Manager Keith Lee, CFA, Portfolio Manager Michael
Li, PhD, and six investment analysts. As a result of the team consolidation, Tom
Telford, CFA, vice president and portfolio manager on Ultra (Premier Large Cap
Growth) and Technology, will leave the company, effective Dec.19.
Also, the Board of Directors for the Life Sciences and Technology funds has
approved the reorganization of these funds into Growth, contingent upon a
shareholder proxy vote slated for 2009. As a result, Senior Vice President and
Senior Portfolio Manager Arnie Douville and Vice President and Portfolio Manager
Christy Turner, CFA, who oversee Life Sciences, are leaving the firm, effective
Dec.19. U.S. Growth Equity CIO Stephen Lurito will serve as portfolio manager on
the funds until the reorganization is completed.
ASSET ALLOCATION
- ----------------
American Century Investments is creating an Asset Allocation Committee,
headed by CIO Enrique Chang and comprised of the five investment discipline CIOs
and Senior Vice President and Senior Portfolio Manager Jeff Tyler, CFA. The
committee will meet regularly to establish policy and review investment
decisions for all American Century Investments asset allocation and
fund-of-funds products including the Strategic Allocation series, LIVESTRONG
Portfolios, One Choice Portfolios and the various age-based funds available
through the Kansas Learning Quest 529 Education Savings Program.
As head of the committee, Chang will be named as a portfolio manager on
each of the company's asset allocation strategies, effective Jan. 1, 2009. The
team currently consists of Jeff Tyler and Portfolio Manager Irina Torelli, who
will maintain day-to-day responsibilities for the strategies with input from
Chang.
"For years, American Century Investments' asset allocation strategies have
relied on CIO input when constructing the portfolios," said Chang. "Given the
success of our products in the marketplace and the growing importance of asset
allocation portfolios among our clients, the creation of the Asset Allocation
Committee formalizes this input process."
About American Century Investments
American Century Investments is a leading investment manager, committed to
delivering superior investment performance and building long-term client
relationships since 1958. Serving investment professionals, institutions,
corporations and individual investors, American Century Investments offers a
variety of 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;
Mountain View, Calif.; Kansas City, Mo. and London. James E. Stowers Jr. founded
the company and serves as co-chairman of the board. Jonathan S. Thomas is
president and chief executive officer and Enrique Chang is chief investment
officer. For the past nine years, American Century Investments has been selected
as one of FORTUNE Magazine's 100 Best Companies to Work for in America.
# # #
THE INFORMATION INCLUDED HEREIN IS NOT AN OFFER TO SELL, NOR A SOLICITATION OF
AN OFFER TO BUY, SHARES OF ANY INVESTMENT COMPANY, NOR IS IT A SOLICITATION OF
ANY PROXY. AMERICAN CENTURY MUTUAL FUNDS, INC. WILL FILE A PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS REGARDING THE REORGANIZATIONS
WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE "SEC"). INVESTORS ARE
URGED TO READ THESE DOCUMENTS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE REORGANIZATIONS AND RELATED MATTERS. YOU WILL BE ABLE TO OBTAIN THESE
DOCUMENTS FREE OF CHARGE AT THE SEC WEB SITE (WWW.SEC.GOV).
BEFORE INVESTING, CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS,
CHARGES AND EXPENSES. CONTACT 1-800-345-2021 FOR A PROSPECTUS CONTAINING THIS
AND OTHER INFORMATION. READ IT CAREFULLY.