Investment objective & strategy
As of Nov. 26, 2025 · prospectusObjective. The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix.
Strategy. The funds asset allocation strategy diversifies investments among equity securities, bonds and money market instruments. The fund seeks regular income through its emphasis on bonds and money market securities. It also has the potential for moderate long-term total return as a result of its stake in equity securities. The following table indicates the funds neutral mix, that is, how the funds investments generally will be allocated among the major asset classes over the long term. The table also shows the operating ranges within which the funds asset mix generally will vary over short-term periods. Equity Securities (Stocks) Fixed-Income or Debt Securities (Bonds) Cash Equivalents (Money Markets) Neutral Mix 45% 49% 6% Operating Range 39-51% 38-55% 2-20% The fund may invest … The funds asset allocation strategy diversifies investments among equity securities, bonds and money market instruments. The fund seeks regular income through its emphasis on bonds and money market securities. It also has the potential for moderate long-term total return as a result of its stake in equity securities. The following table indicates the funds neutral mix, that is, how the funds investments generally will be allocated among the major asset classes over the long term. The table also shows the operating ranges within which the funds asset mix generally will vary over short-term periods. Equity Securities (Stocks) Fixed-Income or Debt Securities (Bonds) Cash Equivalents (Money Markets) Neutral Mix 45% 49% 6% Operating Range 39-51% 38-55% 2-20% The fund may invest in any type of U.S. or foreign equity security that meets certain fundamental and technical standards. The portfolio managers draw on growth, value and quantitative investment techniques in managing the equity portion of the funds portfolio, and they diversify the funds equity investments among small, medium and large companies. The fund also invests in a variety of debt securities payable in U.S. and foreign currencies. The fixed-income portion of the fund invests primarily in investment-grade debt securities. An investment-grade security is one that has been rated by at least one independent rating agency in its top four credit quality categories or determined by the advisor to be of comparable credit quality. However, the fund may invest up to 10% of its assets in below investment-grade securities (also known as high-yield securities or junk bonds). The fund may also invest in bank loans and collateralized debt obligations (including collateralized loan obligations). To gain exposure to certain investment disciplines and categories, the fund may invest in varying combinations of affiliated investment companies (mutual funds and exchange-traded funds (ETFs) advised by American Century). The fund also may invest in derivative instruments such as options, futures contracts, options on futures contracts, and swap agreements (including, but not limited to, credit default swap agreements), provided that such investments are in keeping with the funds investment objective. Responsibility for research, stock selection and portfolio construction for other portions of the fund has been allocated among portfolio teams representing various investment disciplines and strategies employed by other American Century funds.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| American Century US Quality Value ETF | VALQ | $17.75M | 6.22% |
| American Century US Quality Growth ETF | QGRO | $15.93M | 5.58% |
| American Century Diversified Corporate Bond ETF | KORP | $15.38M | 5.39% |
| American Century Multisector Income ETF | MUSI | $15.36M | 5.38% |
| Avantis US Equity ETF | AVUS | $15.01M | 5.26% |
| American Century Short Duration Strategic Income ETF | SDSI | $13.04M | 4.57% |
| Avantis International Equity ETF | AVDE | $6.42M | 2.25% |
| American Century Quality Diversified International ETF | QINT | $5.73M | 2.01% |
| American Century Focused Large Cap Value ETF | FLV | $5.06M | 1.78% |
| American Century Focused Dynamic Growth ETF | FDG | $4.91M | 1.72% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Strategic Allocation: Moderate Fund · TWSMX, ACOAX, ASAMX, ASTCX, ASMRX, ASMDX, ASMUX | 75% | 0.48% |
| Strategic Allocation: Aggressive Fund · AAARX, TWSAX, ACVAX, AAAIX, ASTAX, AAAUX, ASAUX | 58% | 0.44% |
| State Street Total Return V.I.S. Fund · SSTIX, SSTTX | 12% | 0.67% |
Footnotes
- Expense ratio as of November 26, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.