497 1 accppwp10082016acaltsincom.htm 497 Document


American Century Capital Portfolios, Inc.
Summary Prospectus and Prospectus Supplement

AC Alternatives® Income Fund
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Supplement dated October 8, 2016 n  Summary Prospectus and Prospectus dated March 1, 2016
 
The following replaces the tables in the Fees and Expenses section on page 1 of the summary prospectus and page 2 of the prospectus:
Shareholder Fees (fees paid directly from your investment)
 
Investor
Institutional
A
C
R
R6
Maximum Sales Charge (Load) Imposed on
Purchases (as a percentage of offering price)
None
None
5.75%
None
None
None
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of the original offering
price or redemption proceeds when redeemed within
one year of purchase)
None
None
None¹
1.00%
None
None
Maximum Annual Account Maintenance Fee
(waived if eligible investments total at least $10,000)
$25
None
None
None
None
None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
 
Investor
Institutional
A
C
R
R6
Management Fee
2.00%
1.80%
2.00%
2.00%
2.00%
1.65%
Distribution and Service (12b-1) Fees
None
None
0.25%
1.00%
0.50%
None
Other Expenses2
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
Interest on Short Sales2
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Other2
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Acquired Fund Fees and Expenses2
0.05%
0.05%
0.05%
0.05%
0.05%
0.05%
Total Annual Fund Operating Expenses
2.07%
1.87%
2.32%
3.07%
2.57%
1.72%
Fee Waiver3
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
Total Annual Fund Operating Expenses After Waiver
1.99%
1.79%
2.24%
2.99%
2.49%
1.64%
1 
Purchases of $1 million or more may be subject to a contingent deferred sales charge of 1.00% if the shares are redeemed within one year of the date of the purchase.
2 
Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
3  
Effective October 1, 2016, the advisor has agreed to waive 0.08 percentage points of the fund’s management fee. The advisor expects this waiver to continue until February 28, 2018, and cannot terminate it prior to such date without the approval of the Board of Directors.
 
1 year
3 years
Investor Class
$202
$639
Institutional Class
$182
$578
A Class
$790
$1,249
C Class
$303
$939
R Class
$253
$790
R6 Class
$167
$532
©2016 American Century Proprietary Holdings, Inc. All rights reserved.
CL-SPL-90848 1610
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