Risk-Managed Investing for Retirement. One ChoiceSM Target Date Portfolios are target-date funds designed to help investors build toward the retirement they envision, while reducing the chances their money will run short.
A Path to Retirement
One Choice Target Date Portfolios aim to help investors stay on course even as economic and market conditions change. The portfolios’ asset allocation glide path is designed to navigate the trade-off between market risk and the risk of running out of money in retirement.
The portfolios’ broad asset class coverage expands the sources of return potential. This includes exposure to specialty assets with low correlation to the broad stock and bond markets. While diversification does not insure against a loss, it may help reduce downside risk.
Disciplined Active Management
The actively managed funds that comprise One Choice Target Date Portfolios have long track records. The funds’ veteran managers seek to add value through security selection that’s supported by thorough, independent research.
A Note About Risk
The value and/or returns of a portfolio will fluctuate with market and economic conditions. The fund is subject to the risks of the underlying funds in which it may invest. International investing involves special risks such as political instability and currency fluctuations. Investing in fixed income securities entails interest rate, credit and price risks. When interest rates rise, bond prices generally fall and increase when interest rates fall. Historically, small-cap stocks have been more volatile than the stocks of larger, more established companies.
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Each target-date One Choice Target Date Portfolio seeks the highest total return consistent with its asset mix. Over time, the asset mix and weightings are adjusted to be more conservative. In general, as the target year approaches, the portfolio's allocation becomes more conservative by decreasing the allocation to stocks and increasing the allocation to bonds and money market instruments.
Scott Wittman, CFA, CAIA
CFA, CAIA, Chief Investment Officer, Asset Allocation & Disciplined Equity , Senior Vice President and Senior Portfolio Manager
Senior Vice President, Senior Portfolio Manager
Radu Gabudean, Ph.D.
Ph.D., Vice President, Portfolio Manager
Scott Wilson, CFA
CFA, Vice President, Portfolio Manager
G. David MacEwen
Co-Chief Investment Officer, Senior Vice President and Senior Portfolio Manager
Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus. Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.
The one-time, initial investment minimum is $2,500, but this minimum will be waived if you make an initial investment of at least $500 and continue to make automatic investments of at least $100 a month until reaching $2,500. If your account balance falls below $2,500 or if you cancel your automatic monthly investment plan prior to reaching $2,500, American Century Investments reserves the right to redeem the shares in the account and send the proceeds to your address of record. Prior to doing so, we will notify you and give you 90 days to meet the minimum or reinstate your automatic monthly investment plan. Please call an investment consultant for more information.
Expense ratios provided are the funds' total annual operating expense ratios, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus.
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