Investment objective & strategy
As of Nov. 25, 2025 · prospectusObjective. The fund seeks current income.
Strategy. One Choice In Retirement Portfolio is a fund of funds, meaning that it seeks to achieve its objective by investing in other American Century mutual funds (the underlying funds) that represent a variety of asset classes and investment styles. The underlying stock funds draw on growth, value and quantitative investment techniques and diversify investments among small, medium and large U.S. and foreign companies. The underlying bond funds invest in fixed-income securities that vary by issuer type (corporate and government), credit quality (investment-grade and high-yield or junk bonds) and geographic exposure (domestic and international). Short-term investments include underlying funds that invest in fixed-income or debt instruments and have a shorter-term weighted average duration, typically three years or less. The following table … One Choice In Retirement Portfolio is a fund of funds, meaning that it seeks to achieve its objective by investing in other American Century mutual funds (the underlying funds) that represent a variety of asset classes and investment styles. The underlying stock funds draw on growth, value and quantitative investment techniques and diversify investments among small, medium and large U.S. and foreign companies. The underlying bond funds invest in fixed-income securities that vary by issuer type (corporate and government), credit quality (investment-grade and high-yield or junk bonds) and geographic exposure (domestic and international). Short-term investments include underlying funds that invest in fixed-income or debt instruments and have a shorter-term weighted average duration, typically three years or less. The following table indicates the funds neutral mix; that is, how the funds investments generally will be allocated among the major asset classes as of the date of this prospectus. Equity Securities (Stock Funds) 45.0 % U.S. Equity 30.9 % International Equity 13.1 % Real Estate 1.0 % Fixed-Income Securities (Bond Funds) 44.6 % Short-Term Investments (Short-Term Funds) 10.4 % The neutral mix of One Choice In Retirement Portfolio is expected to remain fixed over time. The fund is generally intended for investors near to, at, or in retirement and who likely are no longer making new investments in the fund. The fund is designed for investors who plan to gradually withdraw the value of their account after retirement. The fund assumes a retirement age of 65 and may not be appropriate for an investor retiring at an age well before or after age 65. The portfolio managers regularly review the funds allocations to determine whether rebalancing is appropriate. In order to better balance risks in changing market environments, the portfolio managers may make modest deviations from the neutral mix in light of prevailing market conditions. We reserve the right to modify the neutral mix and underlying funds from time to time should circumstances warrant a change.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| American Century Diversified Bond Fund - G Class | ACDOX | $426.43M | 17.54% |
| American Century Global Bond Fund - G Class | AGBGX | $294.08M | 12.10% |
| American Century Focused Large Cap Value Fund - G Class | ACFLX | $218.54M | 8.99% |
| American Century Large Cap Equity - G Class | AFEGX | $209.07M | 8.60% |
| American Century Short Duration Fund - G Class | ASDOX | $187.00M | 7.69% |
| American Century Short Duration Inflation Protection Bond Fund - G Class | APOGX | $175.60M | 7.22% |
| American Century International Value Fund G Class | ACAFX | $161.36M | 6.64% |
| American Century International Growth Fund G Class | ACAEX | $142.01M | 5.84% |
| American Century Growth Fund G Class | ACIHX | $96.04M | 3.95% |
| American Century High Income Fund G Class | ACHFX | $84.99M | 3.50% |
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 2030 Portfolio · ARCVX, ARCSX, ARCMX, ARCRX, ARWOX, ARCUX | 94% | 0.45% |
| One Choice 2035 Portfolio · ARYIX, ARYAX, ARLIX, ARYRX, ARLCX, ARLDX | 87% | 0.48% |
| One Choice 2040 Portfolio · ARDSX, ARDMX, ARDRX, ARDVX, ARNOX, ARDUX | 79% | 0.50% |
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).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.