The fund has a 4-member management team with an average tenure of 14.98 years. Kevin Toney, CFA, is Chief Investment Officer - Global Value Equity, senior vice president and senior portfolio manager who joined American Century Investments in 1999 and became a portfolio manager on August 30, 2003, with financial industry experience since 1993 and degrees from the University of Virginia and Wharton. Brian Woglom, CFA, is Senior Portfolio Manager since April 29, 2019, with more than five years at American Century co-managing multiple value strategies, holding degrees from Amherst College and the University of Michigan. Paul Howanitz, CFA, became a portfolio manager on February 19, 2022, co-managing the U.S. Value Yield strategy since 2022 after joining the firm in 2015, with degrees from Colby College and the University of North Carolina.

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The American Century Equity Income Fund is a classic value strategy that seeks to deliver income, build capital, and manage downside risk over time. The fund uses a robust, bottom-up, fundamental research process to determine and manage down market risk and fair value potential for each security in their universe. The investment objective seeks current income with capital appreciation as a secondary objective. Portfolio managers look for equity securities of companies with a favorable income-paying history and undervalued stocks. Under normal market conditions, at least 80% of net assets are invested in equity securities. The fund invests in securities with characteristics proven to increase returns, lower volatility, limit downside risk, and provide income: high quality, attractive valuations, competitive yields. The fund focuses on delivering current income with secondary capital appreciation by investing in equity securities of companies with strong income payment histories that are potentially undervalued. The distinct, active investment approach seeks to deliver a strong risk-adjusted return profile through stock selection. The fund invests in convertible securities, which may be affected by changes in interest rates, the credit of the issuer and the value of the underlying common stock.

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