One Choice® Target Date Portfolios

Help More Participants Pursue Retirement Success


Target-date portfolios are designed to help plan participants stay on track toward a successful retirement—by managing risk while seeking to benefit from market appreciation.

American Century One Choice® Target Date Portfolios (One Choice) pursue long-term wealth accumulation over a full market cycle. By emphasizing strong risk-adjusted performance, One Choice seeks to help more participants reach their retirement goals.

     

Target-Date Solutions Available in Multiple Vehicles.

Target-Date Solutions Available in Multiple Vehicles

Mutual Funds
Collective Investment Trusts

Interested in Exploring Target-Date Options?

Straight Talk

Hear straight talk on the economy, markets and portfolio positioning. Explore More 

     

Why Does Glide Path Shape Matter?

A glide path illustrates how a target-date’s allocations to stocks and bonds change over time. As the target date approaches, the portfolio becomes more conservative as investors seek to minimize the potential for losses as retirement nears.

The higher a target-date’s equity allocation, the more participants benefit from a bull market—and the more they suffer when markets turn negative. So it’s critical to select the right glide path based on participant willingness to accept risk:

  • A glide path with a moderate equity allocation may lead to better outcomes for participants seeking to minimize large losses in pursuit of smoother returns.
  • An aggressive glide path could be better suited to participants who can withstand the risk of a downturn in pursuit of strong returns in bull markets.


Compare Glide Path Shapes
 

Glide Path Comparison

Source: American Century Investments.

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.

   

 

Download our latest white paper.

Suitability Matters: Balancing Risks in Glide Path Design

Check out our latest white paper to understand the impact of glide path design decisions on retirement outcomes.

Upside Potential of Managing the Downside

The less an investment has to recover from losses, the more it can continue to compound wealth. That’s why One Choice focuses on defense: by seeking to reduce losses in down markets.

Remind your clients how defense can be the game changer
 

Run Defense

Emphasize Risk Management

Stay in the Game

   

 

Download our latest white paper.

Suitability Matters: Balancing Risks in Glide Path Design

Check out our latest white paper to understand the impact of glide path design decisions on retirement outcomes.

Hear Straight Talk from the Investment Team
Target-Date Fund Performance in Perspective

Inform your client conversations with perspectives on the market environment, the strategy’s performance, and the investment team’s outlook.

Watch Now

Today’s strong equity markets may mask thinly veiled risk, especially for those target-date strategies heavily weighted to equities.

Hear from CIO Rich Weiss about how One Choice Portfolios are managing risk in today’s markets.

   

 

Let's Talk Target-Dates.

Let's Talk Target-Dates

Contact your Regional Retirement Specialist at 800-345-6488


Retirement Transition Risk: Prepare for the Unexpected

An unexpected job loss or significant market downturn in the 15 years leading to retirement has the potential to throw off even the best-laid plans. 

That’s because participants accumulate most of their wealth during this period. A sudden shock could jeopardize retirement savings plans just when participants have the most to lose.

See how glide path shape can play an important role in how participant portfolios respond to such shocks.
 

Wealth accumulation

Early retirement risk

Glide path transition risk

   

 

Download our latest white paper.

Transition Risk Zone: Where Retirement Perception and Reality Diverge

Check out latest white paper to understand the impact that equity allocations can have on losses in the transition risk zone.


Target-Date Blueprint: Align QDIA Selection with Each Plan’s Profile

Plan populations differ in many ways, including objectives, demographics, and risk appetites. Selecting the right Qualified Default Investment Alternative (QDIA) for each plan is a critical decision for fiduciaries.

Target-Date Blueprint is an online tool designed to help you apply a prudent process to identify the right QDIA solution for each plan.

Use it to narrow the TDF universe to focus only on those whose investment profiles align with a plan’s demographics, risk appetite and preferences. Learn more about Target-Date Blueprint.

Learn More about Target-Date Blueprint.

Learn More about Target-Date Blueprint

Explore More 

Understand Department of Labor's guidance on target-date selection.

Understand Department of Labor's guidance on target-date selection

Read DOL Tips 

See how Target-Date Blueprint can help guide your QDIA selection process.

See how Target-Date Blueprint can help guide your QDIA selection process

View Sample Report 

Understand Department of Labor's guidance on target-date selection.

Help retirement clients thrive in their fiduciary roles

View Our Fiduciary Responsibility Resources 

   

 

Download our latest white paper.

An ERISA Attorney's View on TDF Selection Using Target-Date Blueprint

Check out our white paper from ERISA attorney Brad Campbell, who offers his thoughts on how to implement and document a prudent QDIA selection process that will pass scrutiny by regulators and plaintiffs' lawyers.

Featured Insights

What's the "Plus" in One Choice® Blend+ Portfolios?

The addition of One Choice® Blend+ to the American Century Investments® family of target-date solutions expands our qualified default investment alternatives (QDIA) options to meet the needs of a wider range of retirement plans and participants.

The Transition Risk Zone: Where Retirement Perception and Reality Diverge

It’s important for plan sponsors to recognize that participant retirement planning is different than participant retirement reality.

An ERISA Attorney’s View on TDF Selection Using Target-Date Blueprint

Top ERISA attorney Brad Campbell offers his thoughts about how Target-Date Blueprint can help you implement and document DOL guidance on TDF selection.

Balancing Risks in Glide Path Design

Understanding the impact of design decisions on retirement outcomes.

    View performance for One Choice Target Date PortfoliosFund Performance

     

    Explore One Choice® Target Date Portfolios

    Select the target year to view the asset mix based on your goal date.

    • 2065
    • 2060
    • 2055
    • 2050
    • 2045
    • 2040
    • 2035
    • 2030
    • 2025
    • In Retirement
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    One Choice® 2065 Portfolio

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    One Choice® 2060 Portfolio

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    One Choice® 2055 Portfolio

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    One Choice® 2050 Portfolio

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    One Choice® 2045 Portfolio

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    One Choice® 2040 Portfolio

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    One Choice® 2035 Portfolio

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    One Choice® 2030 Portfolio

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    One Choice® 2025 Portfolio

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    One Choice® In Retirement Portfolio

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    Neutral Weights

        Vintages
    Strategy In Retirement 2025 2030 2035 2040 2045 2050 2055 2060 2065
    Equities 45.00% 49.00% 54.00% 60.00% 66.25% 72.50% 78.75% 82.00% 84.50% 85.00%
      NT Growth 4.14% 4.61% 5.12% 5.63% 6.08% 6.59% 7.16% 7.47% 7.70% 7.75%
      NT Disciplined Growth 2.76% 3.07% 2.89% 2.46% 1.87% 1.19% 0.37% 0.00% 0.00% 0.00%
      Focused Dynamic Growth 0.00% 0.00% 0.52% 1.30% 2.18% 3.22% 4.42% 4.98% 5.13% 5.16%
      Sustainable Equity 6.94% 7.16% 7.35% 7.60% 7.80% 8.40% 9.13% 9.51% 9.80% 9.85%
      NT Equity Growth 3.74% 3.85% 3.96% 4.09% 4.20% 4.53% 4.91% 5.12% 5.27% 5.31%
      NT Large Company Value 9.11% 9.25% 9.42% 9.76% 10.16% 11.01% 11.96% 12.45% 12.83% 12.91%
      NT Heritage 1.89% 2.29% 2.95% 3.85% 5.01% 5.66% 6.15% 6.40% 6.60% 6.64%
      NT Mid Cap Value 4.08% 4.66% 5.29% 5.91% 6.39% 6.95% 7.55% 7.86% 8.10% 8.15%
      Small Cap Growth 0.97% 1.03% 1.11% 1.21% 1.30% 1.42% 1.54% 1.60% 1.65% 1.66%
      Small Cap Value 0.97% 1.03% 1.11% 1.21% 1.30% 1.42% 1.54% 1.60% 1.65% 1.66%
      NT International Growth 4.16% 4.49% 4.84% 5.22% 5.53% 5.99% 6.51% 6.78% 6.98% 7.02%
      NT International Value 4.75% 4.58% 4.26% 3.88% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%
      Non-US Intrinsic Value 0.00% 0.45% 1.08% 1.79% 2.44% 2.92% 3.48% 3.77% 3.99% 4.03%
      NT International Small-Mid Cap 0.48% 0.78% 1.17% 1.60% 2.02% 2.26% 2.46% 2.56% 2.64% 2.65%
      NT Emerging Markets 0.00% 0.57% 1.53% 2.82% 4.51% 5.26% 5.71% 5.94% 6.13% 6.16%
      NT Global Real Estate 1.01% 1.18% 1.40% 1.67% 1.96% 2.18% 2.36% 2.46% 2.53% 2.55%
    Fixed Income 45.00% 44.01% 41.95% 38.11% 33.48% 27.50% 21.25% 18.00% 15.50% 15.00%
      NT Diversified Bond 20.02% 19.78% 18.84% 17.92% 16.58% 13.75% 10.63% 9.00% 7.75% 7.50%
      NT High Income 3.50% 3.87% 4.20% 4.26% 4.12% 3.44% 2.66% 2.25% 1.94% 1.88%
      Inflation-Adjusted Bond 3.00% 3.91% 4.44% 4.00% 3.38% 2.75% 2.13% 1.80% 1.55% 1.50%
      International Bond 2.20% 2.04% 1.84% 0.96% 0.14% 0.00% 0.00% 0.00% 0.00% 0.00%
      Global Bond 7.98% 8.03% 7.95% 7.43% 6.65% 5.50% 4.24% 3.60% 3.10% 3.00%
      Emerging Markets Debt 1.10% 1.58% 2.06% 2.34% 2.44% 2.06% 1.59% 1.35% 1.16% 1.12%
      Short Duration Inflation Protection Bond 7.20% 4.80% 2.62% 1.20% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00%
    Short-Term Investments 10.00% 6.99% 4.05% 1.89% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00%
      Short Duration 10.00% 6.99% 4.05% 1.89% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00%
    Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
      Stock Funds 45.00% 49.00% 54.00% 60.00% 66.25% 72.50% 78.75% 82.00% 84.50% 85.00%
      Bond Funds 45.00% 44.01% 41.95% 38.11% 33.48% 27.50% 21.25% 18.00% 15.50% 15.00%
      Short-Term Investments 10.00% 6.99% 4.05% 1.89% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00%

    As of 3/10/2021

       

     

    Let's Talk Target-Dates.

    Let's Talk Target-Dates

    Contact your Regional Retirement Specialist at 800-345-6488

    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.

    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.

    Diversification does not assure a profit nor does it protect against loss of principal.

    Additional Disclosures: 

    Target-Date Fund Fund Ticker Prospectus Objective Net Expense Ratio % Gross Expense Ratio % 3-Year Standard Deviation % 1-Year Return % 5-Year Return % 10-Year Return % Inception Date
    American Century One Choice® In Retirement I ATTIX H 0.55 0.60 9.16 13.20 7.60 7.64 8/31/2004
    JHancock Multimanager 2015 Lifetime 1 JLBOX AJ 0.57 0.98 9.95 14.69 8.11 8.49 10/30/2006
    Wells Fargo Target 2015 R6 WFSCX AB 0.14 0.54 7.64 10.22 5.58 5.40 6/29/2007

    Data through 9/30/2021. Returns greater than one year are annualized. Source: FactSet, Morningstar.

    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.

    Data presented reflects past performance. Past performance is no 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. Returns or yields for the fund would be lower if a portion of the management fee had not been waived. The advisor expects this waiver to continue until November 30, 2021, and cannot terminate it prior to such date without the approval of the Board of Directors. Review the prospectus report for the most current information. The net expense ratio for JH Multimanager 2015 Lifetime 1 reflects the effect of a contractual fee waiver and/or expense reimbursement in effect through 12/31/2021. For Wells Fargo Target 2015 R6 the manager has contractually agreed to fee waivers to the extent necessary to cap the fund’s total annual fund operating expenses after fee waivers at 0.14% for the R6 class. Please see each fund's respective prospectus for additional information.

    AB  The Fund seeks to approximate, before fees and expenses, the total return of the Dow Jones Target 2015 Index.
    AJ   The fund seeks high total return until the fund’s target retirement date, with a greater focus on income as the target date approaches.
    H  The fund seeks current income, with a secondary objective of capital appreciation.  

    All funds: Daily Liquidity. Principal not guaranteed. The tax consequences of owning shares of the funds will vary depending on whether you own them through a taxable or tax-deferred account. Tax consequences result from distributions by the funds of dividend and interest income they have received or capital gains they have generated through their investment activities. Tax consequences also may result when investors sell fund shares after the net asset value has increased or decreased. The fund’s prospectus contains this and other information and should be read carefully before investing.

    International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

    Generally, as interest rates rise, bond prices fall. The opposite is true when interest rates decline.

    The lower rated securities in which the fund invests are subject to greater credit risk, default risk and liquidity risk.

    The information is not intended as a personalized recommendation or fiduciary advice and should not be relied upon for, investment, accounting, legal or tax advice.

    Investment return and share value will fluctuate, and redemption value may be more or less than original cost. Data assumes reinvestment of dividends and capital gains. Returns for periods less than one year are not annualized.

    The Sharpe Ratio is a simple but useful risk-adjusted measure of returns, showing the amount of return (reward) earned per unit of risk from any asset with a risk component. The higher the Sharpe Ratio, the better, theoretically, the portfolio's risk-adjusted performance-portfolios with higher Sharpe Ratios tend to provide more return for the same amount of risk. The Sharpe Ratio is useful, but not perfect. It can be skewed by irregular return factors that can upset the standard deviation calculation, and it doesn't take into account the market risk (beta) exposure of the portfolio. View full glossary.

    Standard deviation is a statistical measurement of variations from the average. In financial literature, it's often used to measure risk, when risk is measured or defined in terms of volatility. In general, more risk means more volatility, and more volatility means a higher standard deviation-there's more variation from the average of the data being measured. In this context, reducing risk means seeking lower standard deviation. View full glossary.