ck0001293210-20240731
December
1, 2024
American
Century Investments
Prospectus
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One
Choice®
Blend+ 2015 Portfolio |
One
Choice®
Blend+ 2035 Portfolio |
One
Choice®
Blend+ 2055 Portfolio |
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Investor
Class (AAAFX) |
Investor
Class (AACKX) |
Investor
Class (AADVX) |
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I
Class (AAAHX) |
I
Class (AACLX) |
I
Class (AADWX) |
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A
Class (AAAJX) |
A
Class (AACMX) |
A
Class (AADZX) |
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R
Class (AAAKX) |
R
Class (AACPX) |
R
Class (AAEDX) |
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R6
Class (AAALX) |
R6
Class (AACQX) |
R6
Class (AAEEX) |
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One
Choice®
Blend+ 2020 Portfolio |
One
Choice®
Blend+ 2040 Portfolio |
One
Choice®
Blend+ 2060 Portfolio |
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Investor
Class (AAAMX) |
Investor
Class (AACSX) |
Investor
Class (AAEFX) |
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I
Class (AAAOX) |
I
Class (AACUX) |
I
Class (AAEGX) |
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A
Class (AABEX) |
A
Class (AACVX) |
A
Class (AAEHX) |
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R
Class (AABGX) |
R
Class (AACWX) |
R
Class (AAEIX) |
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R6
Class (AABHX) |
R6
Class (AACZX) |
R6
Class (AAEJX) |
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One
Choice®
Blend+ 2025 Portfolio |
One
Choice®
Blend+ 2045 Portfolio |
One
Choice®
Blend+ 2065 Portfolio |
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Investor
Class (AABJX) |
Investor
Class (AADHX) |
Investor
Class (AAEKX) |
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I
Class (AABKX) |
I
Class (AADJX) |
I
Class (AAELX) |
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A
Class (AABQX) |
A
Class (AADKX) |
A
Class (AAEOX) |
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R
Class (AABRX) |
R
Class (AADLX) |
R
Class (AAEUX) |
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R6
Class (AABVX) |
R6
Class (AADMX) |
R6
Class (AAEVX) |
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One
Choice®
Blend+ 2030 Portfolio |
One
Choice®
Blend+ 2050 Portfolio |
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Investor
Class (AABWX) |
Investor
Class (AADNX) |
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I
Class (AAEWX) |
I
Class (AADOX) |
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A
Class (AABZX) |
A
Class (AADPX) |
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R
Class (AACHX) |
R
Class (AADQX) |
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R6
Class (AACJX) |
R6
Class (AADUX) |
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The
Securities and Exchange Commission
has not approved or disapproved
these securities
or passed upon the adequacy of this prospectus.
Any
representation to the contrary is a criminal offense. |
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©2024
American Century Proprietary Holdings, Inc. All rights reserved.
The
fund seeks the highest total return consistent with its asset
mix.
The
following table describes the fees and expenses you may pay if you buy, hold,
and sell shares of the fund. You may pay other fees, such as brokerage
commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least
$50,000 in
American Century Investments funds. More information about these
and other discounts is available from your financial professional and in
Calculation
of Sales Charges
on page 66 of the fund’s prospectus, Appendix
A
of the fund’s prospectus and Sales
Charges
in Appendix
B of the statement of additional information.
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Shareholder
Fees
(fees paid directly from your investment) |
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Investor |
I |
A |
R |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases (as a percentage of offering
price) |
None |
None |
5.75% |
None |
None |
Maximum
Deferred Sales Charge (Load)
(as a percentage of the lower of the
original offering price
or redemption proceeds when redeemed within
one year of purchase) |
None |
None |
None¹ |
None |
None |
Maximum
Annual Account Maintenance Fee
(waived if eligible investments total at
least $25,000
or shareholder has elected electronic delivery) |
$25 |
None |
None |
None |
None |
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Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your
investment) |
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Investor |
I |
A |
R |
R6 |
| Management
Fee |
0.58% |
0.38% |
0.58% |
0.58% |
0.23% |
| Distribution
and Service (12b-1) Fees |
None |
None |
0.25% |
0.50% |
None |
| Other
Expenses |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Acquired
Fund Fees and Expenses |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
| Total
Annual Fund Operating Expenses |
0.62% |
0.42% |
0.87% |
1.12% |
0.27% |
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Fee
Waiver2 |
0.02% |
0.02% |
0.02% |
0.02% |
0.02% |
| Total
Annual Fund Operating Expenses After Fee Waiver |
0.60% |
0.40% |
0.85% |
1.10% |
0.25% |
1
Purchases of $1 million or
more may be subject to a contingent deferred sales charge of 1.00% if the shares
are redeemed within one year of the date of the
purchase.
2
The advisor will waive a
portion of the fund’s management fee equal to the expenses attributable to the
management fees of American Century-advised underlying funds. The amount of this
waiver will fluctuate depending on the fund’s daily allocations to such funds.
This waiver is expected to remain in effect permanently, and it cannot be
terminated without the approval of the Board of
Directors.
Example
The example below is intended to help you compare the costs of
investing in the fund with the costs of investing in other mutual
funds. The example assumes that you invest
$10,000 in the fund for the time periods indicated and then redeem all of your
shares at the end of those periods, and that you earn a 5% return each year. The
example also assumes that the fund’s operating expenses remain the same except
that it reflects the rate and duration of any fee waivers noted in the table
above. Although your actual costs may be higher or lower, based on these
assumptions your costs would be:
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1 year |
3
years |
5
years |
10
years |
| Investor
Class |
$61 |
$193 |
$335 |
$751 |
| I
Class |
$41 |
$129 |
$225 |
$506 |
| A
Class |
$657 |
$831 |
$1,020 |
$1,564 |
| R
Class |
$112 |
$350 |
$607 |
$1,340 |
| R6
Class |
$26 |
$81 |
$141 |
$319 |
Portfolio
Turnover
Because
the fund buys and sells shares of other American Century mutual funds directly
from the issuers, the fund is not expected to incur transaction costs directly
other than transaction costs associated with purchasing exchange-traded funds.
However, as a shareholder in the underlying mutual funds, the fund indirectly
pays transaction costs, such as commissions, when the underlying mutual funds
buy and sell securities (or “turn over” their portfolios). A higher portfolio
turnover rate may indicate higher transaction costs and may result in higher
taxes when fund shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover
rate was 37% of the average value of its
portfolio.
One Choice
Blend+ 2015 Portfolio is a “fund of funds,” meaning that it seeks to achieve its
objective by investing in other mutual funds and exchange-traded funds (ETFs)
advised by American Century (collectively, 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 fund’s neutral mix; that
is, how the fund’s investments generally will be allocated among the major asset
classes as of the date of this prospectus.
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| Equity
Securities (Stock Funds) |
| 40.0 |
% |
| U.S.
Equity |
29.5 |
% |
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| International
Equity |
9.5 |
% |
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| Real
Estate |
1.0 |
% |
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| Fixed-Income
Securities (Bond Funds) |
| 54.0 |
% |
| Short-Term
Investments (Short-Term Funds) |
| 6.0 |
% |
The
target date in the fund name (2015) refers to the approximate year an investor
retired. Any new investments in the fund are being made after the target date.
The target date does not necessarily represent the specific year you expect to
need your assets. It is intended only as a general guide and assumes a
retirement age of 65. The fund may not be appropriate for an investor who
retired at or near the target date, but at an age well before or after 65. The
fund is designed for investors who plan to withdraw the value of their account
gradually after retirement. The fund’s neutral mix is expected to remain fixed
at 40% stock funds, 54% bond funds and 6% short-term funds.
The
portfolio managers regularly review the fund’s 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.
•Allocation
Risk – The fund’s performance and risks depend in part on the
managers’ skill in determining the fund’s neutral mix, selecting and weighting
the underlying funds, and implementing any deviations from the neutral mix. The
managers’ evaluations and assumptions regarding asset classes or underlying
funds may differ from actual market conditions.
•Fund
of Funds Risks
– The fund’s performance and risks reflect the performance and risks of the
underlying American Century Investments funds in which it invests. The fund’s
investment in other American Century Investments funds may create a conflict of
interest for the fund’s advisor.
•ETF
Risk
– ETF shares are based on market price rather than net asset value (NAV), as a
result, shares may trade at a price greater than NAV (a premium) or less than
NAV (a discount). The fund may also incur brokerage commissions, as well as the
cost of the bid/ask spread, when purchasing or selling ETF
shares.
•“Growth”
and “Value” Style Risks –
The underlying funds represent a mix of investment styles, each of which has
risks associated with it. Growth stocks can be volatile and may lack dividends
that can cushion share prices during market declines. Value stocks may continue
to be undervalued by the market for long periods of
time.
•Small-
and Mid-Cap Stock Risks –
Stocks of smaller companies may be more volatile than larger-company stocks.
Smaller companies may have limited financial resources, product lines and
markets, and their securities may trade less frequently and in more limited
volumes than the securities of larger companies, which could lead to higher
transaction costs. To the extent an underlying fund invests in these companies,
it may take on more risk.
•Interest
Rate Risk –
Generally, when interest rates rise, the value of an underlying fund’s
fixed-income securities will decline. The opposite is true when interest rates
decline. Underlying funds with longer weighted average maturities are more
sensitive to interest rate changes. A period of rising interest rates may
negatively affect the performance of underlying fixed-income
funds.
•Credit
Risk
– The value of an underlying fund’s fixed-income securities will be affected
adversely by any erosion in the ability of the issuers of these securities to
make interest and principal payments as they become due. Changes in the credit
rating of a fixed-income security held by an underlying fund could have a
similar effect.
•Foreign
Securities Risk –
Some of the underlying funds invest in foreign securities, which are generally
riskier than U.S. securities. Political events, social and economic events,
natural disasters and public health emergencies occurring in a country where the
fund invests could cause the fund's investments in that country to experience
gains or losses. Securities of foreign issuers may be less liquid, more volatile
and harder to value than U.S. securities. Fluctuations in currency exchange
rates also may affect an underlying fund’s share
price.
•High-Yield
Securities Risk – Some of the underlying funds may invest in high-yield
securities, which are considered to have speculative characteristics and are
more likely to be negatively affected by changes in economic
conditions.
•Market
Risk –
The value of the fund’s shares will go up and down based on the performance of
the underlying funds in which it invests. The value of the underlying funds’
shares will, in turn, fluctuate based on the performance of the securities they
own and other factors generally affecting the securities market. Market risks,
including political, regulatory, economic and social developments, can affect
the value of the fund’s investments. Natural disasters, public health
emergencies, war, terrorism and other unforeseeable events may lead to increased
market volatility and may have adverse long-term effects on world economies and
markets generally.
•Principal
Loss Risk –
At any given time your shares may be worth less than the price you paid for
them. In other words, it is possible to lose money by investing in the fund,
including losses near to, at, or after retirement. There is no guarantee that
the fund will provide adequate income at or through your
retirement.
An
investment in the fund is not a bank deposit, and it is not insured or
guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other
government agency.
The following
bar chart and table provide some indication of the risks of investing in the
fund. The bar chart shows changes in the fund’s performance from year to year
for Investor Class shares. The table shows how the fund’s average annual returns
for the periods shown compared with those of broad measures of market
performance. The table also shows returns for the
S&P Target Date to 2015 Index, which the advisor considers to be more
representative of the fund’s investment strategy. The
fund’s past performance (before and after taxes) is not necessarily an
indication of how the fund will perform in the future. For
current performance information, including yields, please visit americancentury.com.
Sales
charges and account fees, if applicable, are not reflected in the bar chart. If
those charges were included, returns would be less than those
shown.
Calendar Year Total
Returns
Highest
Performance Quarter (4Q
2023): 7.83% Lowest Performance Quarter
(2Q
2022): -9.00%
As
of September 30, 2024, the
most recent calendar quarter end, the fund’s Investor Class year-to-date
return was 8.75%.
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Average
Annual Total Returns
For
the calendar year ended December 31, 2023 |
1
year |
Since
Inception |
Inception
Date |
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Investor
Class Return
Before Taxes |
10.65% |
0.81% |
03/10/2021 |
| Return
After Taxes on Distributions |
9.62% |
-0.16% |
03/10/2021 |
| Return
After Taxes on Distributions and Sale of Fund
Shares |
6.42% |
0.27% |
03/10/2021 |
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I
Class
Return Before Taxes |
10.76% |
0.98% |
03/10/2021 |
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A
Class Return
Before Taxes |
4.03% |
-1.53% |
03/10/2021 |
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R
Class
Return Before Taxes |
9.99% |
0.27% |
03/10/2021 |
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R6
Class Return
Before Taxes |
11.04% |
1.17% |
03/10/2021 |
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Russell
3000®
Index1
(reflects no deduction for
fees, expenses or taxes) |
25.96% |
7.33% |
03/10/2021 |
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Bloomberg
U.S. Aggregate Bond Index1
(reflects no deduction for
fees, expenses or taxes) |
5.53% |
-2.55% |
03/10/2021 |
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S&P
Target Date 2015 Index
(reflects no deduction for
fees, expenses or taxes) |
11.38% |
1.67% |
03/10/2021 |
1 The
fund’s broad-based securities market index changed from the S&P Target Date
to 2015 Index as a result of recent regulatory changes requiring that such index
represent the overall applicable securities
market.
The after-tax returns are
shown only for Investor Class shares. After-tax returns for other share classes
will vary. After-tax returns are
calculated using the historical highest individual federal marginal income tax
rates and do not reflect the impact of state and local taxes.
Actual after-tax returns
depend on an investor’s tax situation and may differ from those shown. After-tax
returns are not relevant to investors who hold their fund shares through
tax-deferred arrangements, such as 401(k) plans or
IRAs.
Investment
Advisor
American
Century Investment Management, Inc.
Portfolio
Managers
Richard
Weiss,
Chief Investment Officer – Multi-Asset Strategies, Senior Vice President and
Senior Portfolio Manager, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Radu
Gabudean,
Vice President, Senior Portfolio Manager and Head of Research, Multi-Asset
Strategies, has been a member of the team that manages the One Choice Blend+
Portfolios since 2021.
Vidya
Rajappa,
CFA, Vice President, Senior Portfolio Manager and Head of Portfolio Management,
Multi-Asset Strategies, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Brian
Garbe,
Vice President and Senior Portfolio Manager, has been a member of the team that
manages the One Choice Blend+ Portfolios since 2021.
Scott
Wilson, CFA,
Vice President and Portfolio Manager, has been a member of the team that manages
the One Choice Blend+ Portfolios since 2021.
You
may purchase or redeem shares of the fund on any business day through our
website at americancentury.com, in person (at one of our Investor Centers), by
mail (American Century Investments, P.O. Box 419200, Kansas City, MO
64141-6200), by telephone at 1-800-345-2021 (Investor Services Representative)
or 1-800-345-3533 (Business, Not-For-Profit and Employer-Sponsored Retirement
Plans), or through a financial intermediary. Shares may be purchased and
redemption proceeds received by electronic bank transfer, by check or by
wire.
Unless
otherwise specified below, the minimum initial investment amount to open an
account is $2,500 ($1,000 for Coverdell Education Savings Accounts and IRAs).
However, American Century Investments will waive the fund minimum if you make an
initial investment of at least $500 and continue to make automatic investments
of at least $100 a month until reaching the fund minimum. Investors opening
accounts through financial intermediaries may open an account with $250 for
Investor, A and R Classes, but the financial intermediaries may require their
clients to meet different investment minimums. The minimum may be waived for
broker-dealer sponsored wrap program accounts, fee based accounts, and accounts
through bank/trust and wealth management advisory organizations.
The
minimum initial investment amount for I Class is generally $5 million ($3
million for endowments and foundations), but the minimum may be waived if you
have an aggregate investment in the American Century family of funds of $10
million or more ($5 million for endowments and foundations). This includes
accounts held directly with American Century and those held through a financial
intermediary.
There
is no minimum initial investment amount for R6 Class shares.
For
all share classes, there is no minimum initial investment amount for certain
employer-sponsored retirement plans, however, financial intermediaries or plan
recordkeepers may require plans to meet different minimums. There is a $50
minimum for subsequent purchases, except that there is no subsequent purchase
minimum for financial intermediaries or employer-sponsored retirement
plans.
Fund
distributions are generally taxable as ordinary income or capital gains, unless
you are investing through a tax-deferred account such as a 401(k) or individual
retirement account (in which case you may be taxed upon withdrawal of your
investment from such account).
If
you purchase the fund through a broker-dealer or other financial intermediary
(such as a bank, insurance company, plan sponsor or financial professional), the
fund and its related companies may pay the intermediary for the sale of fund
shares and related services for investments in all classes except the R6 Class.
These payments may create a conflict of interest by influencing the
broker-dealer or other intermediary and your salesperson to recommend the fund
over another investment. Ask your salesperson or visit your financial
intermediary’s website for more information.
The
fund seeks the highest total return consistent with its asset
mix.
The
following table describes the fees and expenses you may pay if you buy, hold,
and sell shares of the fund. You may pay other fees, such as brokerage
commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least
$50,000 in
American Century Investments funds. More information about these
and other discounts is available from your financial professional and in
Calculation
of Sales Charges
on page 66 of the fund’s prospectus, Appendix
A
of the fund’s prospectus and Sales
Charges
in Appendix
B
of the statement of additional information.
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Shareholder
Fees
(fees paid directly from your investment) |
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Investor |
I |
A |
R |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases (as a percentage of offering
price) |
None |
None |
5.75% |
None |
None |
Maximum
Deferred Sales Charge (Load)
(as a percentage of the lower of the
original offering price
or redemption proceeds when redeemed within
one year of purchase) |
None |
None |
None¹ |
None |
None |
Maximum
Annual Account Maintenance Fee
(waived if eligible investments total at
least $25,000
or shareholder has elected electronic delivery) |
$25 |
None |
None |
None |
None |
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Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your
investment) |
| |
Investor |
I |
A |
R |
R6 |
| Management
Fee |
0.58% |
0.38% |
0.58% |
0.58% |
0.23% |
| Distribution
and Service (12b-1) Fees |
None |
None |
0.25% |
0.50% |
None |
| Other
Expenses |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Acquired
Fund Fees and Expenses |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
| Total
Annual Fund Operating Expenses |
0.62% |
0.42% |
0.87% |
1.12% |
0.27% |
|
Fee
Waiver2 |
0.02% |
0.02% |
0.02% |
0.02% |
0.02% |
| Total
Annual Fund Operating Expenses After Fee Waiver |
0.60% |
0.40% |
0.85% |
1.10% |
0.25% |
1
Purchases of $1 million or
more may be subject to a contingent deferred sales charge of 1.00% if the shares
are redeemed within one year of the date of the
purchase.
2 The advisor will
waive a portion of the fund’s management fee equal to the expenses attributable
to the management fees of American Century-advised underlying funds. The amount
of this waiver will fluctuate depending on the fund’s daily allocations to such
funds. This waiver is expected to remain in effect permanently, and it cannot be
terminated without the approval of the Board of
Directors.
Example
The example below is intended to help you compare the costs of
investing in the fund with the costs of investing in other mutual
funds. The example assumes that you invest
$10,000 in the fund for the time periods indicated and then redeem all of your
shares at the end of those periods, and that you earn a 5% return each year. The
example also assumes that the fund’s operating expenses remain the same except
that it reflects the rate and duration of any fee waivers noted in the table
above. Although your actual costs may be higher or lower, based on these
assumptions your costs would be:
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1 year |
3
years |
5
years |
10
years |
| Investor
Class |
$61 |
$193 |
$335 |
$751 |
| I
Class |
$41 |
$129 |
$225 |
$506 |
| A
Class |
$657 |
$831 |
$1,020 |
$1,564 |
| R
Class |
$112 |
$350 |
$607 |
$1,340 |
| R6
Class |
$26 |
$81 |
$141 |
$319 |
Portfolio
Turnover
Because
the fund buys and sells shares of other American Century mutual funds directly
from the issuers, the fund is not expected to incur transaction costs directly
other than transaction costs associated with purchasing exchange-traded funds.
However, as a shareholder in the underlying mutual funds, the fund indirectly
pays transaction costs, such as commissions, when the underlying mutual funds
buy and sell securities (or “turn over” their portfolios). A higher portfolio
turnover rate may indicate higher transaction costs and may result in higher
taxes when fund shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover
rate was 48% of the average value of its
portfolio.
One Choice
Blend+ 2020 Portfolio is a “fund of funds,” meaning that it seeks to achieve its
objective by investing in other mutual funds and exchange-traded funds (ETFs)
advised by American Century (collectively, 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 fund’s neutral mix; that
is, how the fund’s investments generally will be allocated among the major asset
classes as of the date of this prospectus.
|
|
|
|
|
|
|
|
| |
| Equity
Securities (Stock Funds) |
| 40.0 |
% |
| U.S.
Equity |
29.5 |
% |
|
| International
Equity |
9.5 |
% |
|
| Real
Estate |
1.0 |
% |
|
| Fixed-Income
Securities (Bond Funds) |
| 54.0 |
% |
| Short-Term
Investments (Short-Term Funds) |
| 6.0 |
% |
The
target date in the fund name (2020) refers to the approximate year an investor
retired. Any new investments in the fund are being made after the target date.
The target date does not necessarily represent the specific year you expect to
need your assets. It is intended only as a general guide and assumes a
retirement age of 65. The fund may not be appropriate for an investor who
retired at or near the target date, but at an age well before or after 65. The
fund is designed for investors who plan to withdraw the value of their account
gradually after retirement. Over time, the fund’s neutral mix will become more
conservative by decreasing the allocation to stocks and increasing the
allocation to bonds and short-term investments. The fund will reach its most
conservative allocation approximately five years after the target date, at which
point its neutral mix is expected to become fixed at 40% stock funds, 54% bond
funds and 6% short-term funds. The following chart shows how the neutral mix is
expected to change over time according to a predetermined glide
path.
The
portfolio managers regularly review the fund’s 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.
•Allocation
Risk – The fund’s performance and risks depend in part on the
managers’ skill in determining the fund’s neutral mix, selecting and weighting
the underlying funds, and implementing any deviations from the neutral mix. The
managers’ evaluations and assumptions regarding asset classes or underlying
funds may differ from actual market conditions.
•Fund
of Funds Risks
– The fund’s performance and risks reflect the performance and risks of the
underlying American Century Investments funds in which it invests. The fund’s
investment in other American Century Investments funds may create a conflict of
interest for the fund’s advisor.
•ETF
Risk - ETF
shares are based on market price rather than net asset value (NAV), as a result,
shares may trade at a price greater than NAV (a premium) or less than NAV (a
discount). The fund may also incur brokerage commissions, as well as the cost of
the bid/ask spread, when purchasing or selling ETF
shares.
•“Growth”
and “Value” Style Risks –
The underlying funds represent a mix of investment styles, each of which has
risks associated with it. Growth stocks can be volatile and may lack dividends
that can cushion share prices during market declines. Value stocks may continue
to be undervalued by the market for long periods of
time.
•Small-
and Mid-Cap Stock Risks –
Stocks of smaller companies may be more volatile than larger-company stocks.
Smaller companies may have limited financial resources, product lines and
markets, and their securities may trade less frequently and in more limited
volumes than the securities of larger companies, which could lead to higher
transaction costs. To the extent an underlying fund invests in these companies,
it may take on more risk.
•Interest
Rate Risk –
Generally, when interest rates rise, the value of an underlying fund’s
fixed-income securities will decline. The opposite is true when interest rates
decline. Underlying funds with longer weighted average maturities are more
sensitive to interest rate changes. A period of rising interest rates may
negatively affect the performance of underlying fixed-income
funds.
•Credit
Risk
– The value of an underlying fund’s fixed-income securities will be affected
adversely by any erosion in the ability of the issuers of these securities to
make interest and principal payments as they become due. Changes in the credit
rating of a fixed-income security held by an underlying fund could have a
similar effect.
•Foreign
Securities Risk –
Some of the underlying funds invest in foreign securities, which are generally
riskier than U.S. securities. Political events, social and economic events,
natural disasters and public health emergencies occurring in a country where the
fund invests could cause the fund's investments in that country to experience
gains or losses. Securities of foreign issuers may be less liquid, more volatile
and harder to value than U.S. securities. Fluctuations in currency exchange
rates also may affect an underlying fund’s share
price.
•High-Yield
Securities Risk – Some of the underlying funds may invest in high-yield
securities, which are considered to have speculative characteristics and are
more likely to be negatively affected by changes in economic
conditions.
•Market
Risk –
The value of the fund’s shares will go up and down based on the performance of
the underlying funds in which it invests. The value of the underlying funds’
shares will, in turn, fluctuate based on the performance of the securities they
own and other factors generally affecting the securities market. Market risks,
including political, regulatory, economic and social developments, can affect
the value of the fund’s investments. Natural disasters, public health
emergencies, war, terrorism and other unforeseeable events may lead to increased
market volatility and may have adverse long-term effects on world economies and
markets generally.
•Principal
Loss Risk
–
At any given time your shares may be worth less than the price you paid for
them. In other words, it is possible to lose money by investing in the fund,
including losses near to, at, or after retirement. There is no guarantee that
the fund will provide adequate income at or through your
retirement.
An
investment in the fund is not a bank deposit, and it is not insured or
guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other
government agency.
The following
bar chart and table provide some indication of the risks of investing in the
fund. The bar chart shows changes in the fund’s performance from year to year
for Investor Class shares. The table shows how the fund’s average annual returns
for the periods shown compared with those of broad measures of market
performance. The table also shows returns for the
S&P Target Date to 2020 Index, which the advisor considers to be more
representative of the fund’s investment strategy. The
fund’s past performance (before and after taxes) is not necessarily an
indication of how the fund will perform in the future. For
current performance information, including yields, please visit americancentury.com.
Sales
charges and account fees, if applicable, are not reflected in the bar chart. If
those charges were included, returns would be less than those
shown.
Calendar Year Total
Returns
Highest
Performance Quarter (4Q
2023): 7.86% Lowest Performance Quarter
(2Q
2022): -9.27%
As
of September 30, 2024, the
most recent calendar quarter end, the fund’s Investor Class year-to-date
return was 8.78%.
|
|
|
|
|
|
|
|
|
|
|
| |
|
Average
Annual Total Returns
For
the calendar year ended December 31, 2023 |
1
year |
Since
Inception |
Inception
Date |
|
Investor
Class Return
Before Taxes |
10.80% |
0.99% |
03/10/2021 |
| Return
After Taxes on Distributions |
9.96% |
0.07% |
03/10/2021 |
| Return
After Taxes on Distributions and Sale of Fund
Shares |
6.49% |
0.43% |
03/10/2021 |
|
I
Class
Return Before Taxes |
10.90% |
1.16% |
03/10/2021 |
|
A
Class Return
Before Taxes |
4.06% |
-1.40% |
03/10/2021 |
|
R
Class
Return Before Taxes |
10.13% |
0.45% |
03/10/2021 |
|
R6
Class Return
Before Taxes |
11.18% |
1.35% |
03/10/2021 |
|
Russell
3000®
Index1
(reflects no deduction for
fees, expenses or taxes) |
25.96% |
7.33% |
03/10/2021 |
|
Bloomberg
U.S. Aggregate Bond Index1
(reflects no deduction for
fees, expenses or taxes) |
5.53% |
-2.55% |
03/10/2021 |
|
S&P
Target Date To 2020 Index
(reflects no deduction for
fees, expenses or taxes) |
10.92% |
1.43% |
03/10/2021 |
1 The
fund’s broad-based securities market index changed from the S&P Target Date
to 2020 Index as a result of recent regulatory changes requiring that such index
represent the overall applicable securities
market.
The after-tax returns are
shown only for Investor Class shares. After-tax returns for other share classes
will vary. After-tax returns are
calculated using the historical highest individual federal marginal income tax
rates and do not reflect the impact of state and local taxes.
Actual after-tax returns
depend on an investor’s tax situation and may differ from those shown. After-tax
returns are not relevant to investors who hold their fund shares through
tax-deferred arrangements, such as 401(k) plans or
IRAs.
Investment
Advisor
American
Century Investment Management, Inc.
Portfolio
Managers
Richard
Weiss,
Chief Investment Officer – Multi-Asset Strategies, Senior Vice President and
Senior Portfolio Manager, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Radu
Gabudean,
Vice President, Senior Portfolio Manager and Head of Research, Multi-Asset
Strategies, has been a member of the team that manages the One Choice Blend+
Portfolios since 2021.
Vidya
Rajappa, CFA,
Vice President, Senior Portfolio Manager and Head of Portfolio Management,
Multi-Asset Strategies, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Brian
Garbe,
Vice President and Senior Portfolio Manager, has been a member of the team that
manages the One Choice Blend+ Portfolios since 2021.
Scott
Wilson, CFA,
Vice President and Portfolio Manager, has been a member of the team that manages
the One Choice Blend+ Portfolios since 2021.
You
may purchase or redeem shares of the fund on any business day through our
website at americancentury.com, in person (at one of our Investor Centers), by
mail (American Century Investments, P.O. Box 419200, Kansas City, MO
64141-6200), by telephone at 1-800-345-2021 (Investor Services Representative)
or 1-800-345-3533 (Business, Not-For-Profit and Employer-Sponsored Retirement
Plans), or through a financial intermediary. Shares may be purchased and
redemption proceeds received by electronic bank transfer, by check or by
wire.
Unless
otherwise specified below, the minimum initial investment amount to open an
account is $2,500 ($1,000 for Coverdell Education Savings Accounts and IRAs).
However, American Century Investments will waive the fund minimum if you make an
initial investment of at least $500 and continue to make automatic investments
of at least $100 a month until reaching the fund minimum. Investors opening
accounts through financial intermediaries may open an account with $250 for
Investor, A, C, and R Classes, but the financial intermediaries may require
their clients to meet different investment minimums. The minimum may be waived
for broker-dealer sponsored wrap program accounts, fee based accounts, and
accounts through bank/trust and wealth management advisory
organizations.
The
minimum initial investment amount for I Class is generally $5 million ($3
million for endowments and foundations), but the minimum may be waived if you
have an aggregate investment in the American Century family of funds of $10
million or more ($5 million for endowments and foundations). This includes
accounts held directly with American Century and those held through a financial
intermediary.
There
is no minimum initial investment amount for R6 Class shares.
For
all share classes, there is no minimum initial investment amount for certain
employer-sponsored retirement plans, however, financial intermediaries or plan
recordkeepers may require plans to meet different minimums. There is a $50
minimum for subsequent purchases, except that there is no subsequent purchase
minimum for financial intermediaries or employer-sponsored retirement
plans.
Fund
distributions are generally taxable as ordinary income or capital gains, unless
you are investing through a tax-deferred account such as a 401(k) or individual
retirement account (in which case you may be taxed upon withdrawal of your
investment from such account).
If
you purchase the fund through a broker-dealer or other financial intermediary
(such as a bank, insurance company, plan sponsor or financial professional), the
fund and its related companies may pay the intermediary for the sale of fund
shares and related services in all classes except the R6 Class. These payments
may create a conflict of interest by influencing the broker-dealer or other
intermediary and your salesperson to recommend the fund over another investment.
Ask your salesperson or visit your financial intermediary’s website for more
information.
The fund seeks the highest total return consistent with its asset
mix.
The
following table describes the fees and expenses you may pay if you buy, hold,
and sell shares of the fund. You may pay other fees, such as brokerage
commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least
$50,000 in
American Century Investments funds. More information about these
and other discounts is available from your financial professional and in
Calculation
of Sales Charges
on page 66 of the fund’s prospectus, Appendix
A
of the fund’s prospectus and Sales
Charges
in Appendix
B
of the statement of additional information.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shareholder
Fees
(fees paid directly from your investment) |
|
| |
Investor |
I |
A |
R |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases (as a percentage of offering
price) |
None |
None |
5.75% |
None |
None |
Maximum
Deferred Sales Charge (Load)
(as a percentage of the lower of the
original offering price
or redemption proceeds when redeemed within
one year of purchase) |
None |
None |
None¹ |
None |
None |
Maximum
Annual Account Maintenance Fee
(waived if eligible investments total at
least $25,000
or shareholder has elected electronic delivery) |
$25 |
None |
None |
None |
None |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your
investment) |
| |
Investor |
I |
A |
R |
R6 |
| Management
Fee |
0.58% |
0.38% |
0.58% |
0.58% |
0.23% |
| Distribution
and Service (12b-1) Fees |
None |
None |
0.25% |
0.50% |
None |
| Other
Expenses |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Acquired
Fund Fees and Expenses |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
| Total
Annual Fund Operating Expenses |
0.61% |
0.41% |
0.86% |
1.11% |
0.26% |
|
Fee
Waiver2 |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
| Total
Annual Fund Operating Expenses After Fee Waiver |
0.60% |
0.40% |
0.85% |
1.10% |
0.25% |
1
Purchases of $1 million or more may be subject to a contingent
deferred sales charge of 1.00% if the shares are redeemed within one year of the
date of the purchase.
2 The advisor will
waive a portion of the fund’s management fee equal to the expenses attributable
to the management fees of American Century-advised underlying funds. The amount
of this waiver will fluctuate depending on the fund’s daily allocations to such
funds. This waiver is expected to remain in effect permanently, and it cannot be
terminated without the approval of the Board of
Directors.
Example
The example below is intended to help you compare the costs of
investing in the fund with the costs of investing in other mutual
funds. The example assumes that you invest
$10,000 in the fund for the time periods indicated and then redeem all of your
shares at the end of those periods, and that you earn a 5% return each year. The
example also assumes that the fund’s operating expenses remain the same except
that it reflects the rate and duration of any fee waivers noted in the table
above. Although your actual costs may be higher or lower, based on these
assumptions your costs would be:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
1 year |
3
years |
5
years |
10
years |
| Investor
Class |
$61 |
$193 |
$335 |
$751 |
| I
Class |
$41 |
$129 |
$225 |
$506 |
| A
Class |
$657 |
$831 |
$1,020 |
$1,564 |
| R
Class |
$112 |
$350 |
$607 |
$1,340 |
| R6
Class |
$26 |
$81 |
$141 |
$319 |
Portfolio
Turnover
Because
the fund buys and sells shares of other American Century mutual funds directly
from the issuers, the fund is not expected to incur transaction costs directly
other than transaction costs associated with purchasing exchange-traded funds.
However, as a shareholder in the underlying mutual funds, the fund indirectly
pays transaction costs, such as commissions, when the underlying mutual funds
buy and sell securities (or “turn over” their portfolios). A higher portfolio
turnover rate may indicate higher transaction costs and may result in higher
taxes when fund shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover
rate was 51% of the average value of its
portfolio.
One Choice
Blend+ 2025 Portfolio is a “fund of funds,” meaning that it seeks to achieve its
objective by investing in other mutual funds and exchange-traded funds (ETFs)
advised by American Century (collectively, 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 fund’s neutral mix; that
is, how the fund’s investments generally will be allocated among the major asset
classes as of the date of this prospectus.
|
|
|
|
|
|
|
|
| |
| Equity
Securities (Stock Funds) |
| 46.2 |
% |
| U.S.
Equity |
33.5 |
% |
|
| International
Equity |
11.5 |
% |
|
| Real
Estate |
1.2 |
% |
|
| Fixed-Income
Securities (Bond Funds) |
| 50.2 |
% |
| Short-Term
Investments (Short-Term Funds) |
| 3.6 |
% |
The
target date in the fund name (2025) refers to the approximate year an investor
plans to retire and likely would stop making new investments in the fund. The
target date does not necessarily represent the specific year you expect to need
your assets. It is intended only as a general guide and assumes a retirement age
of 65. The fund may not be appropriate for an investor who plans to retire at or
near the target date, but at an age well before or after 65. The fund is
designed for investors who plan to withdraw the value of their account gradually
after retirement. Over time, the fund’s neutral mix will become more
conservative by decreasing the allocation to stocks and increasing the
allocation to bonds and short-term investments. The fund will reach its most
conservative allocation approximately five years after the target date, at which
point its neutral mix is expected to become fixed at 40% stock funds, 54% bond
funds and 6% short-term funds. The following chart shows how the neutral mix is
expected to change over time according to a predetermined glide
path.
The
portfolio managers regularly review the fund’s 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.
•Allocation
Risk – The fund’s performance and risks depend in part on the
managers’ skill in determining the fund’s neutral mix, selecting and weighting
the underlying funds, and implementing any deviations from the neutral mix. The
managers’ evaluations and assumptions regarding asset classes or underlying
funds may differ from actual market conditions.
•Fund
of Funds Risks
– The fund’s performance and risks reflect the performance and risks of the
underlying American Century Investments funds in which it invests. The fund’s
investment in other American Century Investments funds may create a conflict of
interest for the fund’s advisor.
•ETF
Risk
– ETF shares are based on market price rather than net asset value (NAV), as a
result, shares may trade at a price greater than NAV (a premium) or less than
NAV (a discount). The fund may also incur brokerage commissions, as well as the
cost of the bid/ask spread, when purchasing or selling ETF
shares.
•“Growth”
and “Value” Style Risks –
The underlying funds represent a mix of investment styles, each of which has
risks associated with it. Growth stocks can be volatile and may lack dividends
that can cushion share prices during market declines. Value stocks may continue
to be undervalued by the market for long periods of
time.
•Small-
and Mid-Cap Stock Risks –
Stocks of smaller companies may be more volatile than larger-company stocks.
Smaller companies may have limited financial resources, product lines and
markets, and their securities may trade less frequently and in more limited
volumes than the securities of larger companies, which could lead to higher
transaction costs. To the extent an underlying fund invests in these companies,
it may take on more risk.
•Interest
Rate Risk –
Generally, when interest rates rise, the value of an underlying fund’s
fixed-income securities will decline. The opposite is true when interest rates
decline. Underlying funds with longer weighted average maturities are more
sensitive to interest rate changes. A period of rising interest rates may
negatively affect the performance of underlying fixed-income
funds.
•Credit
Risk
– The value of an underlying fund’s fixed-income securities will be affected
adversely by any erosion in the ability of the issuers of these securities to
make interest and principal payments as they become due. Changes in the credit
rating of a fixed-income security held by an underlying fund could have a
similar effect.
•Foreign
Securities Risk –
Some of the underlying funds invest in foreign securities, which are generally
riskier than U.S. securities. Securities of foreign issuers may be less liquid,
more volatile and harder to value than U.S. securities. Political events, social
and economic events, natural disasters and public health emergencies occurring
in a country where the fund invests could cause the fund's investments in that
country to experience gains or losses. Fluctuations in currency exchange rates
also may affect an underlying fund’s share price.
•High-Yield
Securities Risk – Some of the underlying funds may invest in high-yield
securities, which are considered to have speculative characteristics and are
more likely to be negatively affected by changes in economic
conditions.
•Market
Risk –
The value of the fund’s shares will go up and down based on the performance of
the underlying funds in which it invests. The value of the underlying funds’
shares will, in turn, fluctuate based on the performance of the securities they
own and other factors generally affecting the securities market. Market risks,
including political, regulatory, economic and social developments, can affect
the value of the fund’s investments. Natural disasters, public health
emergencies, war, terrorism and other unforeseeable events may lead to increased
market volatility and may have adverse long-term effects on world economies and
markets generally.
•Principal
Loss Risk
–
At any given time your shares may be worth less than the price you paid for
them. In other words, it is possible to lose money by investing in the fund,
including losses near to, at, or after retirement. There is no guarantee that
the fund will provide adequate income at or through your
retirement.
An investment
in the fund is not a bank deposit, and it is not insured or guaranteed by the
Federal Deposit Insurance Corporation (FDIC) or any other government
agency.
The following
bar chart and table provide some indication of the risks of investing in the
fund. The bar chart shows changes in the fund’s performance from year to year
for Investor Class shares. The table shows how the fund’s average annual returns
for the periods shown compared with those of broad measures of market
performance. The table also shows returns for the
S&P Target Date to 2025 Index, which the advisor considers to be more
representative of the fund’s investment strategy. The fund’s past performance (before
and after taxes) is not necessarily an indication of how the fund
will perform in the future. For current performance
information, including yields, please visit americancentury.com.
Sales
charges and account fees, if applicable, are not reflected in the bar chart. If
those charges were included, returns would be less than those
shown.
Calendar Year Total
Returns
Highest
Performance Quarter (4Q
2023): 8.28% Lowest Performance Quarter
(2Q
2022): -10.06%
As
of September 30, 2024, the
most recent calendar quarter end, the fund’s Investor Class year-to-date
return was 9.59%.
|
|
|
|
|
|
|
|
|
|
|
| |
|
Average
Annual Total Returns
For
the calendar year ended December 31, 2023 |
1
year |
Since
Inception |
Inception
Date |
|
Investor
Class Return
Before Taxes |
11.65% |
0.97% |
03/10/2021 |
| Return
After Taxes on Distributions |
10.77% |
-0.03% |
03/10/2021 |
| Return
After Taxes on Distributions and Sale of Fund
Shares |
7.02% |
0.40% |
03/10/2021 |
|
I
Class
Return Before Taxes |
11.87% |
1.17% |
03/10/2021 |
|
A
Class Return
Before Taxes |
4.97% |
-1.38% |
03/10/2021 |
|
R
Class
Return Before Taxes |
11.09% |
0.47% |
03/10/2021 |
|
R6
Class Return
Before Taxes |
12.04% |
1.33% |
03/10/2021 |
|
Russell
3000®
Index1
(reflects no deduction for
fees, expenses or taxes) |
25.96% |
7.33% |
03/10/2021 |
|
Bloomberg
U.S. Aggregate Bond Index1
(reflects no deduction for
fees, expenses or taxes) |
5.53% |
-2.55% |
03/10/2021 |
|
S&P
Target Date To 2025 Index
(reflects no deduction for
fees, expenses or taxes) |
12.44% |
2.10% |
03/10/2021 |
1 The
fund’s broad-based securities market index changed from the S&P Target Date
to 2025 Index as a result of recent regulatory changes requiring that represent
the overall applicable securities
market.
The after-tax returns are
shown only for Investor Class shares. After-tax returns for other share classes
will vary. After-tax returns are
calculated using the historical highest individual federal marginal income tax
rates and do not reflect the impact of state and local taxes.
Actual after-tax returns
depend on an investor’s tax situation and may differ from those shown. After-tax
returns are not relevant to investors who hold their fund shares through
tax-deferred arrangements, such as 401(k) plans or
IRAs.
Investment
Advisor
American
Century Investment Management, Inc.
Portfolio
Managers
Richard
Weiss,
Chief Investment Officer – Multi-Asset Strategies, Senior Vice President and
Senior Portfolio Manager, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Radu
Gabudean,
Vice President, Senior Portfolio Manager and Head of Research, Multi-Asset
Strategies, has been a member of the team that manages the One Choice Blend+
Portfolios since 2021.
Vidya
Rajappa, CFA,
Vice President, Senior Portfolio Manager and Head of Portfolio Management,
Multi-Asset Strategies, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Brian
Garbe,
Vice President and Senior Portfolio Manager, has been a member of the team that
manages the One Choice Blend+ Portfolios since 2021.
Scott
Wilson, CFA,
Vice President and Portfolio Manager, has been a member of the team that manages
the One Choice Blend+ Portfolios since 2021.
You
may purchase or redeem shares of the fund on any business day through our
website at americancentury.com, in person (at one of our Investor Centers), by
mail (American Century Investments, P.O. Box 419200, Kansas City, MO
64141-6200), by telephone at 1-800-345-2021 (Investor Services Representative)
or 1-800-345-3533 (Business, Not-For-Profit and Employer-Sponsored Retirement
Plans), or through a financial intermediary. Shares may be purchased and
redemption proceeds received by electronic bank transfer, by check or by
wire.
Unless
otherwise specified below, the minimum initial investment amount to open an
account is $2,500 ($1,000 for Coverdell Education Savings Accounts and IRAs).
However, American Century Investments will waive the fund minimum if you make an
initial investment of at least $500 and continue to make automatic investments
of at least $100 a month until reaching the fund minimum. Investors opening
accounts through financial intermediaries may open an account with $250 for
Investor, A and R Classes, but the financial intermediaries may require their
clients to meet different investment minimums. The minimum may be waived for
broker-dealer sponsored wrap program accounts, fee based accounts, and accounts
through bank/trust and wealth management advisory organizations.
The
minimum initial investment amount for I Class is generally $5 million ($3
million for endowments and foundations), but the minimum may be waived if you
have an aggregate investment in the American Century family of funds of $10
million or more ($5 million for endowments and foundations). This includes
accounts held directly with American Century and those held through a financial
intermediary.
There
is no minimum initial investment amount for R6 Class shares.
For
all share classes, there is no minimum initial investment amount for certain
employer-sponsored retirement plans, however, financial intermediaries or plan
recordkeepers may require plans to meet different minimums. There is a $50
minimum for subsequent purchases, except that there is no subsequent purchase
minimum for financial intermediaries or employer-sponsored retirement
plans.
Fund
distributions are generally taxable as ordinary income or capital gains, unless
you are investing through a tax-deferred account such as a 401(k) or individual
retirement account (in which case you may be taxed upon withdrawal of your
investment from such account).
If
you purchase the fund through a broker-dealer or other financial intermediary
(such as a bank, insurance company, plan sponsor or financial professional), the
fund and its related companies may pay the intermediary for the sale of fund
shares and related services in all classes except the R6 Class. These payments
may create a conflict of interest by influencing the broker-dealer or other
intermediary and your salesperson to recommend the fund over another investment.
Ask your salesperson or visit your financial intermediary’s website for more
information.
The
fund seeks the highest total return consistent with its asset
mix.
The
following table describes the fees and expenses you may pay if you buy, hold,
and sell shares of the fund. You may pay other fees, such as brokerage
commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least
$50,000 in
American Century Investments funds. More information about these
and other discounts is available from your financial professional and in
Calculation
of Sales Charges
on page 66 of the fund’s prospectus, Appendix
A
of the fund’s prospectus and Sales
Charges
in Appendix
B
of the statement of additional information.
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|
Shareholder
Fees
(fees paid directly from your investment) |
|
| |
Investor |
I |
A |
R |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases (as a percentage of offering
price) |
None |
None |
5.75% |
None |
None |
Maximum
Deferred Sales Charge (Load)
(as a percentage of the lower of the
original offering price
or redemption proceeds when redeemed within
one year of purchase) |
None |
None |
None¹ |
None |
None |
Maximum
Annual Account Maintenance Fee
(waived if eligible investments total at
least $25,000
or shareholder has elected electronic delivery) |
$25 |
None |
None |
None |
None |
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| |
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Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your
investment) |
| |
Investor |
I |
A |
R |
R6 |
| Management
Fee |
0.58% |
0.38% |
0.58% |
0.58% |
0.23% |
| Distribution
and Service (12b-1) Fees |
None |
None |
0.25% |
0.50% |
None |
| Other
Expenses |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Acquired
Fund Fees and Expenses |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
| Total
Annual Fund Operating Expenses |
0.61% |
0.41% |
0.86% |
1.11% |
0.26% |
|
Fee
Waiver2 |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
| Total
Annual Fund Operating Expenses After Fee Waiver |
0.60% |
0.40% |
0.85% |
1.10% |
0.25% |
1
Purchases of $1 million or
more may be subject to a contingent deferred sales charge of 1.00% if the shares
are redeemed within one year of the date of the
purchase.
2 The advisor will
waive a portion of the fund’s management fee equal to the expenses attributable
to the management fees of American Century-advised underlying funds. The amount
of this waiver will fluctuate depending on the fund’s daily allocations to such
funds. This waiver is expected to remain in effect permanently, and it cannot be
terminated without the approval of the Board of
Directors.
Example
The example below is intended to help you compare the costs of
investing in the fund with the costs of investing in other mutual
funds. The example assumes that you invest
$10,000 in the fund for the time periods indicated and then redeem all of your
shares at the end of those periods, and that you earn a 5% return each year. The
example also assumes that the fund’s operating expenses remain the same except
that it reflects the rate and duration of any fee waivers noted in the table
above. Although your actual costs may be higher or lower, based on these
assumptions your costs would be:
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| |
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|
1 year |
3
years |
5
years |
10
years |
| Investor
Class |
$61 |
$193 |
$335 |
$751 |
| I
Class |
$41 |
$129 |
$225 |
$506 |
| A
Class |
$657 |
$831 |
$1,020 |
$1,564 |
| R
Class |
$112 |
$350 |
$607 |
$1,340 |
| R6
Class |
$26 |
$81 |
$141 |
$319 |
Portfolio
Turnover
Because
the fund buys and sells shares of other American Century mutual funds directly
from the issuers, the fund is not expected to incur transaction costs directly
other than transaction costs associated with purchasing exchange-traded funds.
However, as a shareholder in the underlying mutual funds, the fund indirectly
pays transaction costs, such as commissions, when the underlying mutual funds
buy and sell securities (or “turn over” their portfolios). A higher portfolio
turnover rate may indicate higher transaction costs and may result in higher
taxes when fund shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover
rate was 28% of the average value of its
portfolio.
One Choice
Blend+ 2030 Portfolio is a “fund of funds,” meaning that it seeks to achieve its
objective by investing in other mutual funds and exchange-traded funds (ETFs)
advised by American Century (collectively, 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 fund’s neutral mix; that
is, how the fund’s investments generally will be allocated among the major asset
classes as of the date of this prospectus.
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| |
| Equity
Securities (Stock Funds) |
| 55.0 |
% |
| U.S.
Equity |
39.1 |
% |
|
| International
Equity |
14.4 |
% |
|
| Real
Estate |
1.5 |
% |
|
| Fixed-Income
Securities (Bond Funds) |
| 43.5 |
% |
| Short-Term
Investments (Short-Term Funds) |
| 1.5 |
% |
The
target date in the fund name (2030) refers to the approximate year an investor
plans to retire and likely would stop making new investments in the fund. The
target date does not necessarily represent the specific year you expect to need
your assets. It is intended only as a general guide and assumes a retirement age
of 65. The fund may not be appropriate for an investor who plans to retire at or
near the target date, but at an age well before or after 65. The fund is
designed for investors who plan to withdraw the value of their account gradually
after retirement. Over time, the fund’s neutral mix will become more
conservative by decreasing the allocation to stocks and increasing the
allocation to bonds and short-term investments. The fund will reach its most
conservative allocation approximately five years after the target date, at which
point its neutral mix is expected to become fixed at 40% stock funds, 54% bond
funds and 6% short-term funds. The following chart shows how the neutral mix is
expected to change over time according to a predetermined glide
path.
The
portfolio managers regularly review the fund’s 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.
•Allocation
Risk – The fund’s performance and risks depend in part on the
managers’ skill in determining the fund’s neutral mix, selecting and weighting
the underlying funds, and implementing any deviations from the neutral mix. The
managers’ evaluations and assumptions regarding asset classes or underlying
funds may differ from actual market conditions.
•Fund
of Funds Risks
– The fund’s performance and risks reflect the performance and risks of the
underlying American Century Investments funds in which it invests. The fund’s
investment in other American Century Investments funds may create a conflict of
interest for the fund’s advisor.
•ETF
Risk
– ETF shares are based on market price rather than net asset value (NAV), as a
result, shares may trade at a price greater than NAV (a premium) or less than
NAV (a discount). The fund may also incur brokerage commissions, as well as the
cost of the bid/ask spread, when purchasing or selling ETF
shares.
•“Growth”
and “Value” Style Risks –
The underlying funds represent a mix of investment styles, each of which has
risks associated with it. Growth stocks can be volatile and may lack dividends
that can cushion share prices during market declines. Value stocks may continue
to be undervalued by the market for long periods of
time.
•Small-
and Mid-Cap Stock Risks –
Stocks of smaller companies may be more volatile than larger-company stocks.
Smaller companies may have limited financial resources, product lines and
markets, and their securities may trade less frequently and in more limited
volumes than the securities of larger companies, which could lead to higher
transaction costs. To the extent an underlying fund invests in these companies,
it may take on more risk.
•Interest
Rate Risk –
Generally, when interest rates rise, the value of an underlying fund’s
fixed-income securities will decline. The opposite is true when interest rates
decline. Underlying funds with longer weighted average maturities are more
sensitive to interest rate changes. A period of rising interest rates may
negatively affect the performance of underlying fixed-income
funds.
•Credit
Risk
– The value of an underlying fund’s fixed-income securities will be affected
adversely by any erosion in the ability of the issuers of these securities to
make interest and principal payments as they become due. Changes in the credit
rating of a fixed-income security held by an underlying fund could have a
similar effect.
•Foreign
Securities Risk –
Some of the underlying funds invest in foreign securities, which are generally
riskier than U.S. securities. Political events, social and economic events,
natural disasters and public health emergencies occurring in a country where the
fund invests could cause the fund's investments in that country to experience
gains or losses. Securities of foreign issuers may be less liquid, more volatile
and harder to value than U.S. securities. Fluctuations in currency exchange
rates also may affect an underlying fund’s share price. Investing in securities
of companies located in emerging market countries is generally riskier than
investing in securities of companies located in developed foreign
countries.
•High-Yield
Securities Risk – Some of the underlying funds may invest in high-yield
securities, which are considered to have speculative characteristics and are
more likely to be negatively affected by changes in economic
conditions.
•Market
Risk –
The value of the fund’s shares will go up and down based on the performance of
the underlying funds in which it invests. The value of the underlying funds’
shares will, in turn, fluctuate based on the performance of the securities they
own and other factors generally affecting the securities market. Market risks,
including political, regulatory, economic and social developments, can affect
the value of the fund’s investments. Natural disasters, public health
emergencies, war, terrorism and other unforeseeable events may lead to increased
market volatility and may have adverse long-term effects on world economies and
markets generally.
•Principal
Loss Risk
–
At any given time your shares may be worth less than the price you paid for
them. In other words, it is possible to lose money by investing in the fund,
including losses near to, at, or after retirement. There is no guarantee that
the fund will provide adequate income at or through your
retirement.
An
investment in the fund is not a bank deposit, and it is not insured or
guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other
government agency.
The following
bar chart and table provide some indication of the risks of investing in the
fund. The bar chart shows changes in the fund’s performance from year to year
for Investor Class shares. The table shows how the fund’s average annual returns
for the periods shown compared with those of broad measures of market
performance. The table also shows returns for the
S&P Target Date to 2030 Index, which the advisor considers to be more
representative of the fund’s investment strategy. The fund’s past performance (before
and after taxes) is not necessarily an indication of how the fund
will perform in the future. For current performance
information, including yields, please visit americancentury.com.
Sales
charges and account fees, if applicable, are not reflected in the bar chart. If
those charges were included, returns would be less than those
shown.
Calendar Year Total
Returns
Highest
Performance Quarter (4Q
2023): 8.69% Lowest Performance Quarter
(2Q
2022): -11.14%
As
of September 30, 2024, the
most recent calendar quarter end, the fund’s Investor Class year-to-date
return was 10.49%.
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| |
|
Average
Annual Total Returns
For
the calendar year ended December 31, 2023 |
1
year |
Since
Inception |
Inception
Date |
|
Investor
Class Return
Before Taxes |
12.72% |
1.12% |
03/10/2021 |
| Return
After Taxes on Distributions |
11.93% |
0.17% |
03/10/2021 |
| Return
After Taxes on Distributions and Sale of Fund
Shares |
7.67% |
0.55% |
03/10/2021 |
|
I
Class
Return Before Taxes |
13.06% |
1.36% |
03/10/2021 |
|
A
Class Return
Before Taxes |
6.09% |
-1.20% |
03/10/2021 |
|
R
Class
Return Before Taxes |
12.28% |
0.65% |
03/10/2021 |
|
R6
Class Return
Before Taxes |
13.23% |
1.51% |
03/10/2021 |
|
Russell
3000®
Index1
(reflects no deduction for
fees, expenses or taxes) |
25.96% |
7.33% |
03/10/2021 |
|
Bloomberg
U.S. Aggregate Bond Index1
(reflects no deduction for
fees, expenses or taxes) |
5.53% |
-2.55% |
03/10/2021 |
|
S&P
Target Date To 2030 Index
(reflects no deduction for
fees, expenses or taxes) |
14.43% |
2.74% |
03/10/2021 |
1 The
fund’s broad-based securities market index changed from the S&P Target Date
to 2030 Index as a result of recent regulatory changes requiring that such index
represent the overall applicable securities
market.
The after-tax returns are
shown only for Investor Class shares. After-tax returns for other share classes
will vary. After-tax returns are
calculated using the historical highest individual federal marginal income tax
rates and do not reflect the impact of state and local taxes.
Actual after-tax returns
depend on an investor’s tax situation and may differ from those shown. After-tax
returns are not relevant to investors who hold their fund shares through
tax-deferred arrangements, such as 401(k) plans or
IRAs.
Investment
Advisor
American
Century Investment Management, Inc.
Portfolio
Managers
Richard
Weiss,
Chief Investment Officer – Multi-Asset Strategies, Senior Vice President and
Senior Portfolio Manager, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Radu
Gabudean,
Vice President, Senior Portfolio Manager and Head of Research, Multi-Asset
Strategies, has been a member of the team that manages the One Choice Blend+
Portfolios since 2021.
Vidya
Rajappa, CFA,
Vice President, Senior Portfolio Manager and Head of Portfolio Management,
Multi-Asset Strategies, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Brian
Garbe,
Vice President and Senior Portfolio Manager, has been a member of the team that
manages the One Choice Blend+ Portfolios since 2021.
Scott
Wilson, CFA,
Vice President and Portfolio Manager, has been a member of the team that manages
the One Choice Blend+ Portfolios since 2021.
You
may purchase or redeem shares of the fund on any business day through our
website at americancentury.com, in person (at one of our Investor Centers), by
mail (American Century Investments, P.O. Box 419200, Kansas City, MO
64141-6200), by telephone at 1-800-345-2021 (Investor Services Representative)
or 1-800-345-3533 (Business, Not-For-Profit and Employer-Sponsored Retirement
Plans), or through a financial intermediary. Shares may be purchased and
redemption proceeds received by electronic bank transfer, by check or by
wire.
Unless
otherwise specified below, the minimum initial investment amount to open an
account is $2,500 ($1,000 for Coverdell Education Savings Accounts and IRAs).
However, American Century Investments will waive the fund minimum if you make an
initial investment of at least $500 and continue to make automatic investments
of at least $100 a month until reaching the fund minimum. Investors opening
accounts through financial intermediaries may open an account with $250 for
Investor, A and R Classes, but the financial intermediaries may require their
clients to meet different investment minimums. The minimum may be waived for
broker-dealer sponsored wrap program accounts, fee based accounts, and accounts
through bank/trust and wealth management advisory organizations.
The
minimum initial investment amount for I Class is generally $5 million ($3
million for endowments and foundations), but the minimum may be waived if you
have an aggregate investment in the American Century family of funds of $10
million or more ($5 million for endowments and foundations). This includes
accounts held directly with American Century and those held through a financial
intermediary.
There
is no minimum initial investment amount for R6 Class shares.
For
all share classes, there is no minimum initial investment amount for certain
employer-sponsored retirement plans, however, financial intermediaries or plan
recordkeepers may require plans to meet different minimums. There is a $50
minimum for subsequent purchases, except that there is no subsequent purchase
minimum for financial intermediaries or employer-sponsored retirement
plans.
Fund
distributions are generally taxable as ordinary income or capital gains, unless
you are investing through a tax-deferred account such as a 401(k) or individual
retirement account (in which case you may be taxed upon withdrawal of your
investment from such account).
If
you purchase the fund through a broker-dealer or other financial intermediary
(such as a bank, insurance company, plan sponsor or financial professional), the
fund and its related companies may pay the intermediary for the sale of fund
shares and related services in all classes except the R6 Class. These payments
may create a conflict of interest by influencing the broker-dealer or other
intermediary and your salesperson to recommend the fund over another investment.
Ask your salesperson or visit your financial intermediary’s website for more
information.
The
fund seeks the highest total return consistent with its asset
mix.
The
following table describes the fees and expenses you may pay if you buy, hold,
and sell shares of the fund. You may pay other fees, such as brokerage
commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least
$50,000 in
American Century Investments funds. More information about these
and other discounts is available from your financial professional and in
Calculation
of Sales Charges
on page 66 of the fund’s prospectus, Appendix
A
of the fund’s prospectus and Sales
Charges
in Appendix
B
of the statement of additional information.
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Shareholder
Fees
(fees paid directly from your investment) |
|
| |
Investor |
I |
A |
R |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases (as a percentage of offering
price) |
None |
None |
5.75% |
None |
None |
Maximum
Deferred Sales Charge (Load)
(as a percentage of the lower of the
original offering price
or redemption proceeds when redeemed within
one year of purchase) |
None |
None |
None¹ |
None |
None |
Maximum
Annual Account Maintenance Fee
(waived if eligible investments total at
least $25,000
or shareholder has elected electronic delivery) |
$25 |
None |
None |
None |
None |
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| |
|
Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your
investment) |
| |
Investor |
I |
A |
R |
R6 |
| Management
Fee |
0.58% |
0.38% |
0.58% |
0.58% |
0.23% |
| Distribution
and Service (12b-1) Fees |
None |
None |
0.25% |
0.50% |
None |
| Other
Expenses |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Acquired
Fund Fees and Expenses |
0.02% |
0.02% |
0.02% |
0.02% |
0.02% |
| Total
Annual Fund Operating Expenses |
0.60% |
0.40% |
0.85% |
1.10% |
0.25% |
|
Fee
Waiver2 |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
| Total
Annual Fund Operating Expenses After Fee Waiver |
0.59% |
0.39% |
0.84% |
1.09% |
0.24% |
1
Purchases of $1 million or
more may be subject to a contingent deferred sales charge of 1.00% if the shares
are redeemed within one year of the date of the
purchase.
2 The advisor will
waive a portion of the fund’s management fee equal to the expenses attributable
to the management fees of American Century-advised underlying funds. The amount
of this waiver will fluctuate depending on the fund’s daily allocations to such
funds. This waiver is expected to remain in effect permanently, and it cannot be
terminated without the approval of the Board of
Directors.
Example
The example below is intended to help you compare the costs of
investing in the fund with the costs of investing in other mutual
funds. The example assumes that you invest
$10,000 in the fund for the time periods indicated and then redeem all of your
shares at the end of those periods, that you earn a 5% return each year, and
that the fund’s operating expenses remain the same. Although your actual costs
may be higher or lower, based on these assumptions your costs would
be:
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| |
|
|
1 year |
3
years |
5
years |
10
years |
| Investor
Class |
$60 |
$189 |
$330 |
$738 |
| I
Class |
$40 |
$126 |
$219 |
$493 |
| A
Class |
$656 |
$828 |
$1,015 |
$1,553 |
| R
Class |
$111 |
$347 |
$602 |
$1,329 |
| R6
Class |
$25 |
$77 |
$135 |
$306 |
Portfolio
Turnover
Because
the fund buys and sells shares of other American Century mutual funds directly
from the issuers, the fund is not expected to incur transaction costs directly
other than transaction costs associated with purchasing exchange-traded funds.
However, as a shareholder in the underlying mutual funds, the fund indirectly
pays transaction costs, such as commissions, when the underlying mutual funds
buy and sell securities (or “turn over” their portfolios). A higher portfolio
turnover rate may indicate higher transaction costs and may result in higher
taxes when fund shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover
rate was 22% of the average value of its
portfolio.
One Choice
Blend+ 2035 Portfolio is a “fund of funds,” meaning that it seeks to achieve its
objective by investing in other mutual funds and exchange-traded funds (ETFs)
advised by American Century (collectively, 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 fund’s neutral mix; that
is, how the fund’s investments generally will be allocated among the major asset
classes as of the date of this prospectus.
|
|
|
|
|
|
|
|
| |
| Equity
Securities (Stock Funds) |
| 63.7 |
% |
| U.S.
Equity |
44.5 |
% |
|
| International
Equity |
17.4 |
% |
|
| Real
Estate |
1.8 |
% |
|
| Fixed-Income
Securities (Bond Funds) |
| 35.7 |
% |
| Short-Term
Investments (Short-Term Funds) |
| 0.6 |
% |
The
target date in the fund name (2035) refers to the approximate year an investor
plans to retire and likely would stop making new investments in the fund. The
target date does not necessarily represent the specific year you expect to need
your assets. It is intended only as a general guide and assumes a retirement age
of 65. The fund may not be appropriate for an investor who plans to retire at or
near the target date, but at an age well before or after 65. The fund is
designed for investors who plan to withdraw the value of their account gradually
after retirement. Over time, the fund’s neutral mix will become more
conservative by decreasing the allocation to stocks and increasing the
allocation to bonds and short-term investments. The fund will reach its most
conservative allocation approximately five years after the target date, at which
point its neutral mix is expected to become fixed at 40% stock funds, 54% bond
funds and 6% short-term funds. The following chart shows how the neutral mix is
expected to change over time according to a predetermined glide
path.
The
portfolio managers regularly review the fund’s 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.
•Allocation
Risk – The fund’s performance and risks depend in part on the
managers’ skill in determining the fund’s neutral mix, selecting and weighting
the underlying funds, and implementing any deviations from the neutral mix. The
managers’ evaluations and assumptions regarding asset classes or underlying
funds may differ from actual market conditions.
•Fund
of Funds Risks
– The fund’s performance and risks reflect the performance and risks of the
underlying American Century Investments funds in which it invests. The fund’s
investment in other American Century Investments funds may create a conflict of
interest for the fund’s advisor.
•ETF
Risk
– ETF shares are based on market price rather than net asset value (NAV), as a
result, shares may trade at a price greater than NAV (a premium) or less than
NAV (a discount). The fund may also incur brokerage commissions, as well as the
cost of the bid/ask spread, when purchasing or selling ETF
shares.
•“Growth”
and “Value” Style Risks –
The underlying funds represent a mix of investment styles, each of which has
risks associated with it. Growth stocks can be volatile and may lack dividends
that can cushion share prices during market declines. Value stocks may continue
to be undervalued by the market for long periods of
time.
•Small-
and Mid-Cap Stock Risks –
Stocks of smaller companies may be more volatile than larger-company stocks.
Smaller companies may have limited financial resources, product lines and
markets, and their securities may trade less frequently and in more limited
volumes than the securities of larger companies, which could lead to higher
transaction costs. To the extent an underlying fund invests in these companies,
it may take on more risk.
•Interest
Rate Risk –
Generally, when interest rates rise, the value of an underlying fund’s
fixed-income securities will decline. The opposite is true when interest rates
decline. Underlying funds with longer weighted average maturities are more
sensitive to interest rate changes. A period of rising interest rates may
negatively affect the performance of underlying fixed-income
funds.
•Credit
Risk
– The value of an underlying fund’s fixed-income securities will be affected
adversely by any erosion in the ability of the issuers of these securities to
make interest and principal payments as they become due. Changes in the credit
rating of a fixed-income security held by an underlying fund could have a
similar effect.
•Foreign
Securities Risk – Some of the underlying funds invest in foreign securities,
which are generally riskier than U.S. securities. Political events, social and
economic events, natural disasters and public health emergencies occurring in a
country where the fund invests could cause the fund's investments in that
country to experience gains or losses. Securities of foreign issuers may be less
liquid, more volatile and harder to value than U.S. securities. Fluctuations in
currency exchange rates also may affect an underlying fund’s share
price.
•Emerging
Market Risk - Investing
in securities of companies located in emerging market countries generally is
also riskier than investing in securities of companies located in foreign
developed countries. Emerging market countries may have unstable governments
and/or economies that are subject to sudden change. These changes may be
magnified by the countries’ emergent financial markets, resulting in significant
volatility to investments in these countries.
•Market
Risk –
The value of the fund’s shares will go up and down based on the performance of
the underlying funds in which it invests. The value of the underlying funds’
shares will, in turn, fluctuate based on the performance of the securities they
own and other factors generally affecting the securities market. Market risks,
including political, regulatory, economic and social developments, can affect
the value of the fund’s investments. Natural disasters, public health
emergencies, war, terrorism and other unforeseeable events may lead to increased
market volatility and may have adverse long-term effects on world economies and
markets generally.
•Principal
Loss Risk –
At any given time your shares may be worth less than the price you paid for
them. In other words, it is possible to lose money by investing in the fund,
including losses near to, at, or after retirement. There is no guarantee that
the fund will provide adequate income at or through your
retirement.
An
investment in the fund is not a bank deposit, and it is not insured or
guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other
government agency.
The following
bar chart and table provide some indication of the risks of investing in the
fund. The bar chart shows changes in the fund’s performance from year to year
for Investor Class shares. The table shows how the fund’s average annual returns
for the periods shown compared with those of broad measures of market
performance. The table also
shows returns for the S&P Target Date to 2035
Index, which the advisor considers to be more representative of the
fund’s investment strategy. The fund’s
past performance (before and after taxes) is not necessarily an indication of
how the fund will perform in the future. For current performance
information, including yields, please visit americancentury.com.
Sales
charges and account fees, if applicable, are not reflected in the bar chart. If
those charges were included, returns would be less than those
shown.
Calendar Year Total
Returns
Highest
Performance Quarter (4Q
2023): 9.13% Lowest Performance Quarter
(2Q
2022): -12.17%
As
of September 30, 2024, the
most recent calendar quarter end, the fund’s Investor Class year-to-date
return was 11.76%.
|
|
|
|
|
|
|
|
|
|
|
| |
|
Average
Annual Total Returns
For
the calendar year ended December 31, 2023 |
1
year |
Since
Inception |
Inception
Date |
|
Investor
Class Return
Before Taxes |
13.85% |
1.17% |
03/10/2021 |
| Return
After Taxes on Distributions |
13.05% |
0.21% |
03/10/2021 |
| Return
After Taxes on Distributions and Sale of Fund
Shares |
8.37% |
0.61% |
03/10/2021 |
|
I
Class
Return Before Taxes |
14.08% |
1.37% |
03/10/2021 |
|
A
Class Return
Before Taxes |
7.04% |
-1.19% |
03/10/2021 |
|
R
Class
Return Before Taxes |
13.29% |
0.66% |
03/10/2021 |
|
R6
Class Return
Before Taxes |
14.25% |
1.52% |
03/10/2021 |
|
Russell
3000®
Index1
(reflects no deduction for
fees, expenses or taxes) |
25.96% |
7.33% |
03/10/2021 |
|
Bloomberg
U.S. Aggregate Bond Index1
(reflects no deduction for
fees, expenses or taxes) |
5.53% |
-2.55% |
03/10/2021 |
|
S&P
Target Date To 2035 Index
(reflects no deduction for
fees, expenses or taxes) |
16.48% |
3.43% |
03/10/2021 |
1 The
fund’s broad-based securities market index changed from the S&P Target Date
to 2035 Index as a result of recent regulatory changes requiring that such index
represent the overall applicable securities
market.
The after-tax returns are
shown only for Investor Class shares. After-tax returns for other share classes
will vary. After-tax returns are
calculated using the historical highest individual federal marginal income tax
rates and do not reflect the impact of state and local taxes.
Actual after-tax returns
depend on an investor’s tax situation and may differ from those shown. After-tax
returns are not relevant to investors who hold their fund shares through
tax-deferred arrangements, such as 401(k) plans or
IRAs.
Investment
Advisor
American
Century Investment Management, Inc.
Portfolio
Managers
Richard
Weiss,
Chief Investment Officer – Multi-Asset Strategies, Senior Vice President and
Senior Portfolio Manager, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Radu
Gabudean,
Vice President, Senior Portfolio Manager and Head of Research, Multi-Asset
Strategies, has been a member of the team that manages the One Choice Blend+
Portfolios since 2021.
Vidya
Rajappa, CFA,
Vice President, Senior Portfolio Manager and Head of Portfolio Management,
Multi-Asset Strategies, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Brian
Garbe,
Vice President and Senior Portfolio Manager, has been a member of the team that
manages the One Choice Blend+ Portfolios since 2021.
Scott
Wilson, CFA,
Vice President and Portfolio Manager, has been a member of the team that manages
the One Choice Blend+ Portfolios since 2021.
You
may purchase or redeem shares of the fund on any business day through our
website at americancentury.com, in person (at one of our Investor Centers), by
mail (American Century Investments, P.O. Box 419200, Kansas City, MO
64141-6200), by telephone at 1-800-345-2021 (Investor Services Representative)
or 1-800-345-3533 (Business, Not-For-Profit and Employer-Sponsored Retirement
Plans), or through a financial intermediary. Shares may be purchased and
redemption proceeds received by electronic bank transfer, by check or by
wire.
Unless
otherwise specified below, the minimum initial investment amount to open an
account is $2,500 ($1,000 for Coverdell Education Savings Accounts and IRAs).
However, American Century Investments will waive the fund minimum if you make an
initial investment of at least $500 and continue to make automatic investments
of at least $100 a month until reaching the fund minimum. Investors opening
accounts through financial intermediaries may open an account with $250 for
Investor, A and R Classes, but the financial intermediaries may require their
clients to meet different investment minimums. The minimum may be waived for
broker-dealer sponsored wrap program accounts, fee based accounts, and accounts
through bank/trust and wealth management advisory organizations.
The
minimum initial investment amount for I Class is generally $5 million ($3
million for endowments and foundations), but the minimum may be waived if you
have an aggregate investment in the American Century family of funds of $10
million or more ($5 million for endowments and foundations). This includes
accounts held directly with American Century and those held through a financial
intermediary.
There
is no minimum initial investment amount for R6 Class shares.
For
all share classes, there is no minimum initial investment amount for certain
employer-sponsored retirement plans, however, financial intermediaries or plan
recordkeepers may require plans to meet different minimums. There is a $50
minimum for subsequent purchases, except that there is no subsequent purchase
minimum for financial intermediaries or employer-sponsored retirement
plans.
Fund
distributions are generally taxable as ordinary income or capital gains, unless
you are investing through a tax-deferred account such as a 401(k) or individual
retirement account (in which case you may be taxed upon withdrawal of your
investment from such account).
If
you purchase the fund through a broker-dealer or other financial intermediary
(such as a bank, insurance company, plan sponsor or financial professional), the
fund and its related companies may pay the intermediary for the sale of fund
shares and related services in all classes except the R6 Class. These payments
may create a conflict of interest by influencing the broker-dealer or other
intermediary and your salesperson to recommend the fund over another investment.
Ask your salesperson or visit your financial intermediary’s website for more
information.
The
fund seeks the highest total return consistent with its asset
mix.
The
following table describes the fees and expenses you may pay if you buy, hold,
and sell shares of the fund. You may pay other fees, such as brokerage
commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least
$50,000 in
American Century Investments funds. More information about these
and other discounts is available from your financial professional and in
Calculation
of Sales Charges
on page 66 of the fund’s prospectus, Appendix
A
of the fund’s prospectus and Sales
Charges
in Appendix
B
of the statement of additional information.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shareholder
Fees
(fees paid directly from your investment) |
|
| |
Investor |
I |
A |
R |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases (as a percentage of offering
price) |
None |
None |
5.75% |
None |
None |
Maximum
Deferred Sales Charge (Load)
(as a percentage of the lower of the
original offering price
or redemption proceeds when redeemed within
one year of purchase) |
None |
None |
None¹ |
None |
None |
Maximum
Annual Account Maintenance Fee
(waived if eligible investments total at
least $25,000
or shareholder has elected electronic delivery) |
$25 |
None |
None |
None |
None |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your
investment) |
| |
Investor |
I |
A |
R |
R6 |
| Management
Fee |
0.58% |
0.38% |
0.58% |
0.58% |
0.23% |
| Distribution
and Service (12b-1) Fees |
None |
None |
0.25% |
0.50% |
None |
| Other
Expenses |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Acquired
Fund Fees and Expenses |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
| Total
Annual Fund Operating Expenses |
0.59% |
0.39% |
0.84% |
1.09% |
0.24% |
1
Purchases of $1 million or
more may be subject to a contingent deferred sales charge of 1.00% if the shares
are redeemed within one year of the date of the
purchase.
Example
The example below is intended to help you compare the costs of
investing in the fund with the costs of investing in other mutual
funds. The example assumes that you invest
$10,000 in the fund for the time periods indicated and then redeem all of your
shares at the end of those periods, that you earn a 5% return each year, and
that the fund’s operating expenses remain the same. Although your actual costs
may be higher or lower, based on these assumptions your costs would
be:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
1 year |
3
years |
5
years |
10
years |
| Investor
Class |
$60 |
$189 |
$330 |
$738 |
| I
Class |
$40 |
$126 |
$219 |
$493 |
| A
Class |
$656 |
$828 |
$1,015 |
$1,553 |
| R
Class |
$111 |
$347 |
$602 |
$1,329 |
| R6
Class |
$25 |
$77 |
$135 |
$306 |
Portfolio
Turnover
Because
the fund buys and sells shares of other American Century mutual funds directly
from the issuers, the fund is not expected to incur transaction costs directly
other than transaction costs associated with purchasing exchange-traded funds.
However, as a shareholder in the underlying mutual funds, the fund indirectly
pays transaction costs, such as commissions, when the underlying mutual funds
buy and sell securities (or “turn over” their portfolios). A higher portfolio
turnover rate may indicate higher transaction costs and may result in higher
taxes when fund shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover
rate was 23% of the average value of its
portfolio.
One Choice
Blend+ 2040 Portfolio is a “fund of funds,” meaning that it seeks to achieve its
objective by investing in other mutual funds and exchange-traded funds (ETFs)
advised by American Century (collectively, 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 fund’s neutral mix; that
is, how the fund’s investments generally will be allocated among the major asset
classes as of the date of this prospectus.
|
|
|
|
|
|
|
|
| |
| Equity
Securities (Stock Funds) |
| 72.5 |
% |
| U.S.
Equity |
49.6 |
% |
|
| International
Equity |
20.7 |
% |
|
| Real
Estate |
2.2 |
% |
|
| Fixed-Income
Securities (Bond Funds) |
| 27.5 |
% |
| Short-Term
Investments (Short-Term Funds) |
| 0.0 |
% |
The
target date in the fund name (2040) refers to the approximate year an investor
plans to retire and likely would stop making new investments in the fund. The
target date does not necessarily represent the specific year you expect to need
your assets. It is intended only as a general guide and assumes a retirement age
of 65. The fund may not be appropriate for an investor who plans to retire at or
near the target date, but at an age well before or after 65. The fund is
designed for investors who plan to withdraw the value of their account gradually
after retirement. Over time, the fund’s neutral mix will become more
conservative by decreasing the allocation to stocks and increasing the
allocation to bonds and short-term investments. The fund will reach its most
conservative allocation approximately five years after the target date, at which
point its neutral mix is expected to become fixed at 40% stock funds, 54% bond
funds and 6% short-term funds. The following chart shows how the neutral mix is
expected to change over time according to a predetermined glide
path.
The
portfolio managers regularly review the fund’s 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.
•Allocation
Risk – The fund’s performance and risks depend in part on the
managers’ skill in determining the fund’s neutral mix, selecting and weighting
the underlying funds, and implementing any deviations from the neutral mix. The
managers’ evaluations and assumptions regarding asset classes or underlying
funds may differ from actual market conditions.
•Fund
of Funds Risks
– The fund’s performance and risks reflect the performance and risks of the
underlying American Century Investments funds in which it invests. The fund’s
investment in other American Century Investments funds may create a conflict of
interest for the fund’s advisor.
•ETF
Risk
– ETF shares are based on market price rather than net asset value (NAV), as a
result, shares may trade at a price greater than NAV (a premium) or less than
NAV (a discount). The fund may also incur brokerage commissions, as well as the
cost of the bid/ask spread, when purchasing or selling ETF
shares.
•“Growth”
and “Value” Style Risks –
The underlying funds represent a mix of investment styles, each of which has
risks associated with it. Growth stocks can be volatile and may lack dividends
that can cushion share prices during market declines. Value stocks may continue
to be undervalued by the market for long periods of
time.
•Small-
and Mid-Cap Stock Risks –
Stocks of smaller companies may be more volatile than larger-company stocks.
Smaller companies may have limited financial resources, product lines and
markets, and their securities may trade less frequently and in more limited
volumes than the securities of larger companies, which could lead to higher
transaction costs. To the extent an underlying fund invests in these companies,
it may take on more risk.
•Interest
Rate Risk –
Generally, when interest rates rise, the value of an underlying fund’s
fixed-income securities will decline. The opposite is true when interest rates
decline. Underlying funds with longer weighted average maturities are more
sensitive to interest rate changes. A period of rising interest rates may
negatively affect the performance of underlying fixed-income
funds.
•Credit
Risk
– The value of an underlying fund’s fixed-income securities will be affected
adversely by any erosion in the ability of the issuers of these securities to
make interest and principal payments as they become due. Changes in the credit
rating of a fixed-income security held by an underlying fund could have a
similar effect.
•Foreign
Securities Risk – Some of the underlying funds invest in foreign securities,
which are generally riskier than U.S. securities. Political events, social and
economic events, natural disasters and public health emergencies occurring in a
country where the fund invests could cause the fund's investments in that
country to experience gains or losses. Securities of foreign issuers may be less
liquid, more volatile and harder to value than U.S. securities. Fluctuations in
currency exchange rates also may affect an underlying fund’s share
price.
•Emerging
Market Risk - Investing
in securities of companies located in emerging market countries generally is
also riskier than investing in securities of companies located in foreign
developed countries. Emerging market countries may have unstable governments
and/or economies that are subject to sudden change. These changes may be
magnified by the countries’ emergent financial markets, resulting in significant
volatility to investments in these countries.
•Market
Risk –
The value of the fund’s shares will go up and down based on the performance of
the underlying funds in which it invests. The value of the underlying funds’
shares will, in turn, fluctuate based on the performance of the securities they
own and other factors generally affecting the securities market. Market risks,
including political, regulatory, economic and social developments, can affect
the value of the fund’s investments. Natural disasters, public health
emergencies, war, terrorism and other unforeseeable events may lead to increased
market volatility and may have adverse long-term effects on world economies and
markets generally.
•Principal
Loss Risk –
At any given time your shares may be worth less than the price you paid for
them. In other words, it is possible to lose money by investing in the fund,
including losses near to, at, or after retirement. There is no guarantee that
the fund will provide adequate income at or through your
retirement.
An
investment in the fund is not a bank deposit, and it is not insured or
guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other
government agency.
The following
bar chart and table provide some indication of the risks of investing in the
fund. The bar chart shows changes in the fund’s performance from year to year
for Investor Class shares. The table shows how the fund’s average annual returns
for the periods shown compared with those of broad measures of market
performance. The table also shows returns for the
S&P Target Date to 2040 Index, which the advisor considers to be more
representative of the fund’s investment strategy. The
fund’s past performance (before and after taxes) is not necessarily an
indication of how the fund will perform in the future. For
current performance information, including yields, please visit americancentury.com.
Sales
charges and account fees, if applicable, are not reflected in the bar chart. If
those charges were included, returns would be less than those
shown.
Calendar Year Total
Returns
Highest
Performance Quarter (4Q
2023): 9.49% Lowest Performance Quarter
(2Q
2022): -13.04%
As
of September 30, 2024, the
most recent calendar quarter end, the fund’s Investor Class year-to-date
return was 13.01%.
|
|
|
|
|
|
|
|
|
|
|
| |
|
Average
Annual Total Returns
For
the calendar year ended December 31, 2023 |
1
year |
Since
Inception |
Inception
Date |
|
Investor
Class Return
Before Taxes |
14.75% |
1.39% |
03/10/2021 |
| Return
After Taxes on Distributions |
14.03% |
0.49% |
03/10/2021 |
| Return
After Taxes on Distributions and Sale of Fund
Shares |
8.91% |
0.81% |
03/10/2021 |
|
I
Class
Return Before Taxes |
15.11% |
1.60% |
03/10/2021 |
|
A
Class Return
Before Taxes |
7.88% |
-0.97% |
03/10/2021 |
|
R
Class
Return Before Taxes |
14.18% |
0.88% |
03/10/2021 |
|
R6
Class Return
Before Taxes |
15.15% |
1.75% |
03/10/2021 |
|
Russell
3000®
Index1
(reflects no deduction for
fees, expenses or taxes) |
25.96% |
7.33% |
03/10/2021 |
|
Bloomberg
U.S. Aggregate Bond Index1
(reflects no deduction for
fees, expenses or taxes) |
5.53% |
-2.55% |
03/10/2021 |
|
S&P
Target Date To 2040 Index
(reflects no deduction for
fees, expenses or taxes) |
18.16% |
3.97% |
03/10/2021 |
1 The
fund’s broad-based securities market index changed from the S&P Target Date
to 2040 Index as a result of recent regulatory changes requiring that such index
represent the overall applicable securities
market.
The after-tax returns are
shown only for Investor Class shares. After-tax returns for other share classes
will vary. After-tax returns are
calculated using the historical highest individual federal marginal income tax
rates and do not reflect the impact of state and local taxes.
Actual after-tax returns
depend on an investor’s tax situation and may differ from those shown. After-tax
returns are not relevant to investors who hold their fund shares through
tax-deferred arrangements, such as 401(k) plans or
IRAs.
Investment
Advisor
American
Century Investment Management, Inc.
Portfolio
Managers
Richard
Weiss,
Chief Investment Officer – Multi-Asset Strategies, Senior Vice President and
Senior Portfolio Manager, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Radu
Gabudean,
Vice President, Senior Portfolio Manager and Head of Research, Multi-Asset
Strategies, has been a member of the team that manages the One Choice Blend+
Portfolios since 2021.
Vidya
Rajappa, CFA,
Vice President, Senior Portfolio Manager and Head of Portfolio Management,
Multi-Asset Strategies, has been a member of the team that manages the One
Choice Blend+ Portfolios since 2021.
Brian
Garbe,
Vice President and Senior Portfolio Manager, has been a member of the team that
manages the One Choice Blend+ Portfolios since 2021.
Scott
Wilson, CFA,
Vice President and Portfolio Manager, has been a member of the team that manages
the One Choice Blend+ Portfolios since 2021.
You
may purchase or redeem shares of the fund on any business day through our
website at americancentury.com, in person (at one of our Investor Centers), by
mail (American Century Investments, P.O. Box 419200, Kansas City, MO
64141-6200), by telephone at 1-800-345-2021 (Investor Services Representative)
or 1-800-345-3533 (Business, Not-For-Profit and Employer-Sponsored Retirement
Plans), or through a financial intermediary. Shares may be purchased and
redemption proceeds received by electronic bank transfer, by check or by
wire.
Unless
otherwise specified below, the minimum initial investment amount to open an
account is $2,500 ($1,000 for Coverdell Education Savings Accounts and IRAs).
However, American Century Investments will waive the fund minimum if you make an
initial investment of at least $500 and continue to make automatic investments
of at least $100 a month until reaching the fund minimum. Investors opening
accounts through financial intermediaries may open an account with $250 for
Investor, A and R Classes, but the financial intermediaries may require their
clients to meet different investment minimums. The minimum may be waived for
broker-dealer sponsored wrap program accounts, fee based accounts, and accounts
through bank/trust and wealth management advisory organizations.
The
minimum initial investment amount for I Class is generally $5 million ($3
million for endowments and foundations), but the minimum may be waived if you
have an aggregate investment in the American Century family of funds of $10
million or more ($5 million for endowments and foundations). This includes
accounts held directly with American Century and those held through a financial
intermediary.
There
is no minimum initial investment amount for R6 Class shares.
For
all share classes, there is no minimum initial investment amount for certain
employer-sponsored retirement plans, however, financial intermediaries or plan
recordkeepers may require plans to meet different minimums. There is a $50
minimum for subsequent purchases, except that there is no subsequent purchase
minimum for financial intermediaries or employer-sponsored retirement
plans.
Fund
distributions are generally taxable as ordinary income or capital gains, unless
you are investing through a tax-deferred account such as a 401(k) or individual
retirement account (in which case you may be taxed upon withdrawal of your
investment from such account).
If
you purchase the fund through a broker-dealer or other financial intermediary
(such as a bank, insurance company, plan sponsor or financial professional), the
fund and its related companies may pay the intermediary for the sale of fund
shares and related services in all classes except the R6 Class. These payments
may create a conflict of interest by influencing the broker-dealer or other
intermediary and your salesperson to recommend the fund over another investment.
Ask your salesperson or visit your financial intermediary’s website for more
information.
The
fund seeks the highest total return consistent with its asset
mix.
The
following table describes the fees and expenses you may pay if you buy, hold,
and sell shares of the fund. You may pay other fees, such as brokerage
commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least
$50,000 in
American Century Investments funds. More information about these
and other discounts is available from your financial professional and in
Calculation
of Sales Charges
on page 66 of the fund’s prospectus, Appendix
A
of the fund’s prospectus and Sales
Charges
in Appendix
B
of the statement of additional information.
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Shareholder
Fees
(fees paid directly from your investment) |
|
| |
Investor |
I |
A |
R |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases (as a percentage of offering
price) |
None |
None |
5.75% |
None |
None |
Maximum
Deferred Sales Charge (Load)
(as a percentage of the lower of the
original offering price
or redemption proceeds when redeemed within
one year of purchase) |
None |
None |
None¹ |
None |
None |
Maximum
Annual Account Maintenance Fee
(waived if eligible investments total at
least $25,000
or shareholder has elected electronic delivery) |
$25 |
None |
None |
None |
None |
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Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your
investment) |
| |
Investor |
I |
A |
R |
R6 |
| Management
Fee |
0.58% |
0.38% |
0.58% |
0.58% |
0.23% |
| Distribution
and Service (12b-1) Fees |
None |
None |
0.25% |
0.50% |
None |
| Other
Expenses |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Acquired
Fund Fees and Expenses |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
| Total
Annual Fund Operating Expenses |
0.59% |
0.39% |
0.84% |
1.09% |
0.24% |
1
Purchases of $1 million or
more may be subject to a contingent deferred sales charge of 1.00% if the shares
are redeemed within one year of the date of the
purchase.
Example
The example below is intended to help you compare the costs of
investing in the fund with the costs of investing in other mutual
funds. The example assumes that you invest
$10,000 in the fund for the time periods indicated and then redeem all of your
shares at the end of those periods, that you earn a 5% return each year, and
that the fund’s operating expenses remain the same. Although your actual costs
may be higher or lower, based on these assumptions your costs would
be:
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1 year |
3
years |
5
years |
10
years |
| Investor
Class |
$60 |
$189 |
$330 |
$738 |
| I
Class |
$40 |
$126 |
$219 |
$493 |
| A
Class |
$656 |
$828 |
$1,015 |
$1,553 |
| R
Class |
$111 |
$347 |
$602 |
$1,329 |
| R6
Class |
$25 |
$77 |
$135 |
$306 |
Portfolio
Turnover
Because
the fund buys and sells shares of other American Century mutual funds directly
from the issuers, the fund is not expected to incur transaction costs directly
other than transaction costs associated with purchasing exchange-traded funds.
However, as a shareholder in the underlying mutual funds, the fund indirectly
pays transaction costs, such as commissions, when the underlying mutual funds
buy and sell securities (or “turn over” their portfolios). A higher portfolio
turnover rate may indicate higher transaction costs and may result in higher
taxes when fund shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example, affect the fund’s
performance. During the most recent fiscal year, the fund’s portfolio turnover
rate was 43% of the average value of its
portfolio.
One Choice
Blend+ 2045 Portfolio is a “fund of funds,” meaning that it seeks to achieve its
objective by investing in other mutual funds and exchange-traded funds (ETFs)
advised by American Century (collectively, 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 fund’s neutral mix; that
is, how the fund’s investments generally will be allocated among the major asset
classes as of the date of this prospectus.
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| Equity
Securities (Stock Funds) |
| 80.0 |
% |
| U.S.
Equity |
54.8 |
% |
|
| International
Equity |
22.8 |
% |
|
| Real
Estate |
2.4 |
% |
|
| Fixed-Income
Securities (Bond Funds) |
| 20.0 |
% |
| Short-Term
Investments (Short-Term Funds) |
| 0.0 |
% |
The
target date in the fund name (2045) refers to the approximate year an investor
plans to retire and likely would stop making new investments in the fund. The
target date does not necessarily represent the specific year you expect to need
your assets. It is intended only as a general guide and assumes a retirement age
of 65. The fund may not be appropriate for an investor who plans to retire at or
near the target date, but at an age well before or after 65. The fund is
designed for investors who plan to withdraw the value of their account gradually
after retirement. Over time, the fund’s neutral mix will become more
conservative by decreasing the allocation to stocks and increasing the
allocation to bonds and short-term investments. The fund will reach its most
conservative allocation approximately five years after the target date, at which
point its neutral mix is expected to become fixed at 40% stock funds, 54% bond
funds and 6% short-term funds. The following chart shows how the neutral mix is
expected to change over time according to a predetermined glide
path.
