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Distribution Season Brings Tax Sting; But No Repeat Of 2000; In spite of accumulated losses, expect a modest rise in cap-gain payouts.(FUNDS & PERSONAL FINANCE)
Byline: PAUL KATZEFF
Insult is about to follow injury. It's bad enough that you've had to put up with a so-so year of market performance. Now you have to brace for an expected rise in stock fund capital gain distributions.
Your only likely consolation: Don't expect a big increase. And don't expect it from all of your stock funds.
"Most of our growth funds will have no cap-gain distributions this year," said Brian Janssen, senior tax manager for American Century. "Conversely, we're seeing more gains in our value funds."
For many shareholders, any increase is a problem. That's because distributions represent a potential tax burden. That's true even though most shareholders never take a cash payout. Instead, their distributions are automatically reinvested.
American Century's worst-offending value funds will pay about 8% of their NAV this year, Janssen says. The biggest payout should be the estimated 12.8% by $2.7 billion American Century Value Fund. Last year it paid only 1.1% of NAV.
But increases from all funds won't come close to matching cap-gain distributions in the peak year of 2000.
- American Century Announces Enhancements to Small-Growth Funds.
- Press release article from: Business Wire July 1, 2004 700+ words
KANSAS CITY, Mo. -- American Century Investments announces a series of policy...1, the minimum initial investment for American Century New Opportunities Fund (TWNOX) and American Century New Opportunities II Fund (ANOIX) will...
- Expert Leaves American Century Investments.
- Newspaper article from: Knight Ridder/Tribune Business News August 21, 2002 700+ words
...investment officer for American Century's domestic growth funds, left Monday to take...Co. in Boston. At American Century, Goodwin oversaw investment...being considered. American Century's growth funds follow an aggressive...
- Kenneth Crawford Joins Previously Announced Team; American Century Investments...
- Press release article from: Business Wire June 18, 1999 700+ words
...Wisconsin. Stowers, who joined American Century in 1981, oversees the overall execution of all American Century domestic growth funds. He leads the company...Committee and is a director of American Century Companies. Stowers will...
- American Century Veedot Fund Reduces Minimum.
- Press release article from: Business Wire February 27, 2004 700+ words
...investment returns is based on American Century's long-held philosophy...companies. As with many of American Century's growth funds, Veedot's investment...technical characteristics. American Century is a leading investment...
- Assets Managed By California-Based American Century Teams Exceed $20 Billion.
- Press release article from: Business Wire June 12, 1998 700+ words
...core activity at American Century's Mountain View...Income & Growth Funds -- which are...funds includes the American Century Utilities, Global...Income & Growth Funds." "American Century's Mountain View...
- American Century Depends on Tivoli Enterprise to Deliver Maximum Uptime of...
- Press release article from: Business Wire August 2, 1999 700+ words
...investors have relied on American Century funds for growth and fixed...Kansas City, Missouri, American Century offers a broad spectrum...conservative income to aggressive growth funds. In addition, American Century offers diversified investment...
- In Brief: American Century to Buy Funds.(Brief article)
- Magazine article from: American Banker September 14, 2006 700+ words
...reorganized into existing American Century mutual funds. Assets...are to be added to American Century's New Opportunities II and Equity Growth funds, respectively...by the boards of American Century and Kopp Funds...
- Berger mulls suitors for growth funds. (At the Bell).
- Magazine article from: Investment News December 2, 2002 700+ words
...of suitors to take over its growth funds after a reorganization does...spokeswoman says. Berger's growth funds, with total assets of $1...the suitors for Berger's growth funds are American Century Investment Management in Kansas...
