Overview
The date in the fund name refers to the approximate year an investor plans to retire. As the date approaches, the fund's asset mix becomes more conservative by decreasing allocations to stocks and increasing allocations to bonds and short-term investments. View our full lineup of One Choice® target-date solutions.
Key Facts
Investment Objective | Seeks the highest total return consistent with its asset mix |
Inception Date | 05/30/2008 |
Morningstar Category | Target-Date 2050 |
Total Assets | $1,064,419,907 As of 09/30/2023 |
Distribution Frequency | Annual |
Morningstar Overall Rating Based on risk-adjusted return | Out of 186 funds. Target-Date 2050 category As of 08/31/2023 |
Fees
Gross Expense Ratio | 0.92% |
Net Expense Ratio | 0.89% |
Minimums
All Accounts With $100 monthly automatic investment | $500 |
IRA & CESAs With no automatic investment | $1,000 |
All other accounts With no automatic investment | $2,500 |
Trading Information
Ticker | ARFVX |
CUSIP | 02507F563 |
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.
Performance
Data reflects past performance, 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. Returns less than one year are not annualized.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
One Choice 2050 Portfolio
Data reflects past performance, 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. Returns less than one year are not annualized.
Historical Distribution (CSV)
Ratings and Risk
Overall | Out of 186 funds. Target-Date 2050 category |
3 Year | Out of 186 funds |
5 Year | Out of 179 funds |
10 Year | Out of 103 funds |
Investment Style
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.
Morningstar Ratings and Investment Style
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar Investment Style Box™: The Morningstar Investment Style Box™ reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
Portfolio
23.75%
Bond Funds
Team
Firm Start
2010
Industry Start
1984
Vice President
Senior Portfolio Manager and Head of Portfolio Management, Multi-Asset Strategies
Firm Start
2018
Industry Start
1995
Vice President, Senior Portfolio Manager
Head of Research, Multi-Asset Strategies
Firm Start
2013
Industry Start
2001
Firm Start
1992
Industry Start
1992
Firm Start
2010
Industry Start
1988
Resources
The advisor has agreed to waive a portion of the fund's management fee, expects this waiver to continue until November 30, 2023, and cannot terminate it prior to such date without the approval of the Board of Directors. Review the annual or semiannual report for the most current information.
The year in the fund name refers to the approximate year when investors in the fund plan to retire or start using their money.
Each One Choice® Target Date Portfolio seeks the highest total return consistent with its asset mix. As the target year approaches, the asset mix and weightings are adjusted to be more conservative, generally by decreasing the allocation to stocks and increasing the allocation to bonds and cash equivalents.
Although the target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors' retirement goals will be met. The principal value of the fund is not guaranteed at any time, including at the target date.
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.
In addition to the risks inherent in the asset classes of the underlying funds, the fund also is subject to asset allocation risk, which is the chance that the selection of underlying funds and the allocation of fund assets will cause the fund to underperform other funds with a similar investment objective.
For further details on all risks, please refer to the fund's prospectus.
The value and/or returns of a portfolio will fluctuate with market and economic conditions.
The performance of the portfolios is dependent on the performance of their underlying American Century Investments' funds and will assume the risks associated with these funds. The risks will vary according to each portfolio's asset allocation, and a fund with a later target date is expected to be more volatile than one with an earlier target date.
International investing involves special risks, such as political instability and currency fluctuations.
Investing in fixed income securities entails interest rate, credit and price risks.
Historically, small- and/or mid-cap stocks have been more volatile than the stock of larger, more-established companies. Smaller companies may have limited resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies.
Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Investor Class Shares: Minimum initial investment is $1,000 for IRA and CESA accounts, and $2,500 for non-retirement accounts, but these minimums are waived with an initial investment of at least $500 per account and automatic investments of at least $100 per month. Non-Retirement Accounts: If your account balance falls below the minimum, or if you cancel your automatic monthly investment plan prior to reaching the minimum, American Century Investments may redeem the account and send the proceeds to you. Prior to doing so, we will notify you and give you 90 days to meet the minimum or reinstate your automatic monthly investment plan.
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For detailed descriptions of indices or investing terms referenced above, refer to our glossary.