American Century Investments has launched a collective investment trust program.

Also known as commingled or collective funds, collective investment trusts are tax-exempt, pooled investment vehicles designed exclusively for qualified plans, including 401(k) plans, as well as for certain types of government plans. The trusts are subject to banking regulations, rather than the Investment Company Act of 1940, which regulates mutual funds.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.