497 1 accppwp62317acaltslongshor.htm 497 Document

American Century Capital Portfolios, Inc.
Statement of Additional Information Supplement
AC Alternatives® Income Fund
AC Alternatives® Long Short Fund
AC Alternatives® Multi-Strategy Fund

Supplement dated June 23, 2017 n Statement of Additional Information dated April 10, 2017

Effective June 22, 2017, Passport Capital, LLC ("Passport") will no longer serve as an underlying subadvisor for the AC Alternatives Long Short Fund. All references to Passport in the statement of additional information are deleted.

©2017 American Century Proprietary Holdings, Inc. All rights reserved.
CL-SPL-92907 1706