Minimums & Pricing
Updated August 2022
Share Classes & Definitions / Advisor Class
Advisor Class Shares are made available for purchase without sales charges or commissions but may be subject to account or transaction fees if purchased through financial intermediaries. Shares are available to investors in retail brokerage accounts, broker-dealer sponsored fee-based advisory accounts, other advisory accounts where fees are charged, as well as employer sponsored retirement plans.
The 12b-1 fee for Advisor Class is 0.25%. The entire amount is paid to broker-dealer of record as a trailing commission (on a quarterly basis.)
Certain employer-sponsored retirement plans are eligible to purchase Investor, A, Advisor, C, R, R5 and R6 Class shares at net asset value with no dealer commission paid to the financial professional. Class A and C shares are purchased with no dealer concession or CDSC in group employer-sponsored retirement plans, that hold a single account for all plan participants with the fund, or shares are purchased by certain retirement plans that are part of a retirement plan or platform offered by banks, broker-dealers, financial advisors or insurance companies, or serviced by plan recordkeepers. A, Advisor, C and R Class shares purchased in employer-sponsored retirement plans are subject to applicable distribution and service (12b-1) fees, which the financial intermediary begins receiving immediately at the time of purchase. There is no plan size or participant number requirement by class.
Employer-sponsored retirement plans held in brokerage accounts whether a single account for all plan participants with the Fund or multiple accounts for each plan participant are eligible to purchase Investor, Institutional, A, Advisor and C class shares. For those retirement plans a dealer commission will be paid to the financial professional on all purchases in A and C classes unless an applicable waiver applies. In addition, any purchases in A and C classes will be subject to a contingent deferred sales charge (CDSC). Examples of group employer-sponsored retirement plan definitions are listed in the Statement of Additional Information. Initial fund minimums are waived for all eligible share class for group employer sponsored retirement plans.
Employer-sponsored retirement plans may not invest in I Class shares, except that plans invested in the I Class prior to April 10, 2017, may make additional purchases. However, the One Choice Target Date Portfolio I Class Funds are available to group employer sponsored retirement plans.
You may move your investment between share classes (within the same fund or between different funds) in certain circumstances deemed appropriate by American Century Investments. You also may move investments held in certain accounts to a different type of account if you meet certain criteria.
Refer to Fund Minimums for additional eligibility information.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.