One Choice® In Retirement Portfolio

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Refinitiv Lipper Award for Performance

Summary

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FUND FACTS

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Expenses and Dividends

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Morningstar

Morningstar Rating™:
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange‐traded funds, closed‐end funds, and separate accounts) with at least a three‐year history. Exchange‐traded funds and open‐ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk‐Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three‐, five‐, and 10‐year (if applicable) Morningstar Rating metrics. The weights are: 100% three‐year rating for 36‐59 months of total returns, 60% five‐year rating/40% three‐year rating for 60‐119 months of total returns, and 50% 10‐year rating/30% five‐year rating/20% three‐ year rating for 120 or more months of total returns. While the 10‐year overall star rating formula seems to give the most weight to the 10‐year period, the most recent three‐year period actually has the greatest impact because it is included in all three rating periods.
Morningstar Investment Style Box™:
The Morningstar Investment Style Box™ reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
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FUND DOCUMENTS & RESOURCES

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More Information

  2015 Tax Form 8937 

Risk-Managed Investing for Retirement. One Choice® Target Date Portfolios are target-date funds designed to help investors build toward the retirement they envision, while reducing the chances their money will run short.

Investment Objective

Seeks current income. Capital appreciation is a secondary objective.

Risk & Additional Details

Goal & Strategy

Our diversified target-date funds automatically adjust as their target goal date approaches. Choose which of the 10 target-date funds most closely aligns with when you plan to start using your money. A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.

Key Benefits

  • Instant, broad diversification
  • Professionally and actively managed
  • Automatically adjusts to grow more conservative

Characteristics

A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.

Each target-date One Choice Target Date Portfolio seeks the highest total return consistent with American Century Investments' proprietary asset mix. Over time, the asset mix and weightings are adjusted to be more conservative. In general, as the target year approaches, the portfolio's allocation becomes more conservative by decreasing the allocation to stocks and increasing the allocation to bonds and cash equivalents.

Performance

  • ANNUALIZED
  • Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.

    For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.

    Annualized

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  • CALENDAR YEAR
  • Calendar Year

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  • YIELDS
  • Yields

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  • GROWTH CHART
  • Growth Chart

    Please Note: The x-axis represents the selected time frame by which the funds are being measured. The y-axis represents the value of a $10,000 investment made at the start of the selected time frame or on the fund's inception date, whichever is more recent.

    Composition

    • PORTFOLIO COMPOSITION
    • Portfolio Composition

      Product Name goes here
      Allocation:9999%
    • GLIDEPATH
    • Glide Path

      A chart visualizing the changing underlying allocations based on timeframe as the target date approaches.

      Geography

        Management

        Richard Weiss

        Richard Weiss

        Chief Investment Officer - Multi-Asset Strategies, Senior Vice President and Senior Portfolio Manager

        Scott Wilson, CFA

        Scott Wilson, CFA

        Vice President, Portfolio Manager

        Radu Gabudean, Ph.D.

        Radu Gabudean, Ph.D.

        Vice President, Senior Portfolio Manager and Head of Research, Multi-Asset Strategies

        Vidya Rajappa, CFA

        Vidya Rajappa, CFA

        Vice President, Senior Portfolio Manager and Head of Portfolio Management, Multi-Asset Strategies

        John Donner

        John Donner

        Portfolio Manager and Senior Quantitative Analyst

        The advisor has agreed to waive a portion of the fund's management fee, expects this waiver to continue until November 30, 2022, and cannot terminate it prior to such date without the approval of the Board of Directors. Review the annual or semiannual report for the most current information.

        The value and/or returns of a portfolio will fluctuate with market and economic conditions.

        The performance of the portfolios is dependent on the performance of their underlying American Century Investments' funds and will assume the risks associated with these funds. The risks will vary according to each portfolio's asset allocation, and a fund with a later target date is expected to be more volatile than one with an earlier target date.

        International investing involves special risks, such as political instability and currency fluctuations.

        Investing in fixed income securities entails interest rate, credit and price risks.

        Historically, small- and/or mid-cap stocks have been more volatile than the stock of larger, more-established companies. Smaller companies may have limited resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies.

        Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.

        B

        Please see the prospectus for details about sales charges.

        C

        The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

        Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.

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