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Overview

A very conservative portfolio that emphasizes fixed income and short-term investments to maintain the appropriate trade-off between risk and reward potential based on its target allocation.

Key Facts
Investment Objective
Seeks the highest total return consistent with its asset mix
Inception Date
09/30/2004
Morningstar Category
Conservative Allocation
Total Assets
$400,564,894
As of 01/31/2024
Distribution Frequency
Quarterly
Morningstar Overall Rating
Based on risk-adjusted return
Out of 149 funds. Conservative Allocation category
As of 01/31/2024
Fees
Gross Expense Ratio
0.71%
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
AONIX
CUSIP
02507F753

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

AONIX

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 Portfolio: Very Conservative

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.

30-Day SEC Yield (Subsidized/Unsubsidized): Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.

Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.

Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows.

Data is not available at this time

Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.

Total Paid
Ordinary Dividends
Reinvest Price
12/21/2023
$0.1584
$0.1584
$11.14
09/26/2023
$0.0477
$0.0477
$10.62
06/27/2023
$0.0625
$0.0625
$10.93
03/28/2023
$0.0443
$0.0443
$10.86

Historical Distribution (CSV)

Ratings and Risk

As of 01/31/2024
Overall
Out of 149 funds. Conservative Allocation category
3 Year
Out of 149 funds
5 Year
Out of 138 funds
10 Year
Out of 106 funds

Investment Style

Large
Medium
Small
Value
Blend
Growth

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.

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

As of 12/07/2023
Securities Blend% Portfolio

25.00%

Stock Funds

Focused Large Cap Value Fund
6.25%
Sustainable Equity Fund
6.00%
Mid Cap Value Fund
3.25%
Growth Fund
3.00%
Heritage Fund
2.25%
Real Estate Fund
2.00%
Small Cap Value Fund
0.75%
Small Cap Growth Fund
0.75%
Select Fund
0.75%
Diversified Bond Fund
19.75%
Global Bond Fund
14.25%
Short Duration Inflation Protection Bond Fund
13.00%
Inflation-Adjusted Bond Fund
11.00%
High Income Fund
2.00%
Emerging Markets Debt Fund
2.00%
Short Duration Fund
13.00%
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.

Team

Richard Weiss avatar
Richard Weiss

Chief Investment Officer

Multi-Asset Strategies

Firm Start

2010


Industry Start

1984

Vidya Rajappa, CFA avatar
Vidya Rajappa, CFA

Vice President

Senior Portfolio Manager and Head of Portfolio Management, Multi-Asset Strategies

Firm Start

2018


Industry Start

1995

Radu Gabudean, Ph.D. avatar
Radu Gabudean, Ph.D.

Vice President, Senior Portfolio Manager

Head of Research, Multi-Asset Strategies

Firm Start

2013


Industry Start

2001

Scott Wilson, CFA avatar
Scott Wilson, CFA

Vice President

Portfolio Manager

Firm Start

1992


Industry Start

1992

Brian Garbe avatar
Brian Garbe

Vice President

Senior Portfolio Manager, Multi-Asset Strategies

Firm Start

2010


Industry Start

1988

Resources

Fund Literature
Fact Sheet

The performance of the portfolios is dependent on the performance of their underlying American Century funds and will assume the risks associated with these funds. The risks will vary according to each portfolio's asset allocation, and the risk level assigned to each portfolio is intended to reflect the relative short-term price volatility among the funds in each.

The value and/or returns of a portfolio will fluctuate with market and economic conditions.

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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