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Avantis Investors® Continues to Grow Team - Hires Second Former Pimco Fixed Income Portfolio Manager

KANSAS CITY, Mo., July 23, 2020 – Hozef Arif joined Avantis Investors, an investment brand from global asset manager American Century Investments®, as a senior portfolio manager for fixed income strategies. Arif reports to Chief Investment Officer Eduardo Repetto. Repetto and Chief Operating Officer Patrick Keating launched Avantis Investors in 2019, which crossed $1.5 billion in assets under management as of June 30.

"We are thrilled to have Hozef join our investment team. He will play a critical role as we broaden our diversified, tax-efficient and low-cost investment offerings into fixed income," Repetto said.

Arif joins Avantis Investors from Pacific Investment Management Company (PIMCO), where he was an executive vice president and credit portfolio manager for 12 years. While at PIMCO, he managed a variety of strategies in global high yield and crossover corporate credit, including several years as co-manager of the flagship high yield credit funds. Prior to that, he worked as a leveraged finance investment banker at Credit Suisse. Arif has an undergraduate degree from the Indian Institute of Technology in Mumbai. He holds an MBA from the University of Chicago Graduate School Business and a master's degree in petroleum engineering from Stanford University.

Arif is the second PIMCO veteran to recently join Avantis Investors. Mitchell Handa also joined as a Senior Portfolio Manager earlier this year. The firm announced in June plans to launch three fixed income strategies later this year after filing preliminary registrations with the SEC.

These two additions, along with the hiring of Dylan Hurt and Daniel Lohman into client-service roles as Senior Relationship Specialists, brings the total Avantis headcount to 20 people across the investments and client service functions. The buildout of the firm's 16,000 square-foot office space in Los Angeles was recently completed, with room to accommodate more than 60 people and ability for further expansion in the future.

American Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve human health and save lives. Founded in 1958, American Century Investments' 1,400 employees serve investment professionals, institutions, corporations and individual investors from offices in New York; London; Hong Kong; Frankfurt, Germany; Sydney; Mountain View, Calif.; and Kansas City, Mo. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang serves as chief investment officer. Delivering investment results to clients enables American Century Investments to distribute over 40 percent of its dividends to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute owns more than 40 percent of American Century Investments and has received dividend payments of $1.6 billion since 2000. For more information about American Century Investments, visit americancentury.com.

You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by visiting Avantisinvestors.com or by calling 833-928-2684, contains this and other information about the fund, and should be read carefully before investing.

Exchange Traded Funds (ETFs): Foreside Fund Services, LLC – Distributor, not affiliated with American Century Investment Services, Inc.

Mutual Funds: American Century Investment Services, Inc., Distributor

Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

©2020 American Century Proprietary Holdings, Inc.