Investment objective & strategy
As of Nov. 25, 2025 · prospectusObjective. The fund seeks the highest total return consistent with its asset mix.
Strategy. One Choice Portfolio: Moderate is a fund of funds, meaning that it seeks to achieve its objective by investing in other American Century Investments mutual funds (the underlying funds) that represent a variety of asset classes and investment styles. The funds asset allocation strategy emphasizes investments in equity securities, but maintains a sizeable portion of the funds assets in fixed-income securities and short-term investments. 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 as of the date of this prospectus. Equity Securities (Stock Funds) 64.0 % U.S. Equity 41.2 % International Equity 20.3 % Real Estate 2.5 % Fixed-Income Securities (Bond Funds) … One Choice Portfolio: Moderate is a fund of funds, meaning that it seeks to achieve its objective by investing in other American Century Investments mutual funds (the underlying funds) that represent a variety of asset classes and investment styles. The funds asset allocation strategy emphasizes investments in equity securities, but maintains a sizeable portion of the funds assets in fixed-income securities and short-term investments. 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 as of the date of this prospectus. Equity Securities (Stock Funds) 64.0 % U.S. Equity 41.2 % International Equity 20.3 % Real Estate 2.5 % Fixed-Income Securities (Bond Funds) 31.3 % Short-Term Investments (Short-Term Funds) 4.7 % The managers regularly review the fund and may make changes to the funds asset class allocations that deviate from the neutral mix to emphasize investments that they believe will provide the most favorable outlook for achieving the funds objective. The fund also may deviate from the neutral mix due to differences in asset class performance or prevailing market conditions. The following table shows the operating ranges within which the funds asset class allocations generally will vary over short-term periods. Equity Securities (Stock Funds) Fixed-Income Securities (Bond Funds) Short-Term Investments (Short-Term Funds) Operating Ranges 53-73% 21-41% 0-15%
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Core Plus Fund Inv Investor Class | ACCNX | $264.96M | 14.30% |
| American Century Large Cap Equity - Investor Class | AFDIX | $216.62M | 11.69% |
| American Century Focused Large Cap Value - Investor Class | ALVIX | $190.04M | 10.25% |
| American Century Growth - Investor Class | TWCGX | $129.74M | 7.00% |
| American Century International Growth - Investor Class | TWIEX | $116.60M | 6.29% |
| American Century Global Bond - Investor Class | AGBVX | $114.67M | 6.19% |
| American Century Inflation-Adjusted - Investor Class | ACITX | $100.55M | 5.43% |
| American Century Mid Cap Value - Investor Class | ACMVX | $85.19M | 4.60% |
| American Century International Value Fund Investor Class | ACEVX | $82.33M | 4.44% |
| American Century Heritage - Investor Class | TWHIX | $80.63M | 4.35% |
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. |
|---|---|---|
| One Choice Portfolio: Aggressive · AOGIX, AORYX | 81% | 0.93% |
| One Choice Portfolio: Conservative · AOCIX, AORSX | 65% | 0.80% |
| One Choice Portfolio: Very Aggressive · AOVIX, AORVX | 64% | 1.02% |
Advisers
| Firm | Role |
|---|---|
| American Century Investment Management, Inc. | Adviser |
Footnotes
- Expense ratio as of November 25, 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).
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