Fund Evaluator:

American Century OneChcBlnd+InRet Inv Overview

American Century OneChcBlnd+InRet Inv (AAAMX) is an actively managed Allocation Target-Date Retirement fund. American Century Investments launched the fund in 2021.

The investment seeks the highest total return consistent with its asset mix. The fund 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.

About American Century OneChcBlnd+InRet Inv (AAAMX)

There are 4 members of the management team with an average tenure of 5.39 years: Scott Wilson (2021), Richard Weiss (2021), Radu Gabudean (2021), Vidya Rajappa (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. American Century OneChcBlnd+InRet Inv has 20 securities in its portfolio. The top 10 holdings constitute 85.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Century OneChcBlnd+InRet Inv is part of the Allocation global asset class and is within the Allocation fund group. American Century OneChcBlnd+InRet Inv has 21.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 27.3%. There is 12.6% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 56.7% (47.4% domestic bond, 9.3% foreign bond and 0.2% convertible bond). American Century OneChcBlnd+InRet Inv has 2.8% of the portfolio in cash.

Assets Under Management

The fund has $5 million in total assets, which is below the $487 million average for the Target-Date Retirement category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AAAMX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Century OneChcBlnd+InRet Inv expense ratio is average compared to funds in the Target-Date Retirement category. American Century OneChcBlnd+InRet Inv has an expense ratio of 0.59%, which is 9% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Century OneChcBlnd+InRet Inv has a portfolio turnover rate of 41%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 28% for the Target-Date Retirement category.

Recently, in the month of July 2026, American Century OneChcBlnd+InRet Inv returned 0.0%, which earned it a grade of A, as the Target-Date Retirement category had an average return of -0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Century OneChcBlnd+InRet Inv has a trailing yield of 2.54%, which is below the 3.19% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Century OneChcBlnd+InRet Inv Grades

Year to date, the fund has returned 4.6%, 0.6 percentage points better than the category, which translates into a grade of B. The fund has returned 9.9% over the past year (grade of B), 8.9% over the past three years (grade of B) and 4.0% per year over the past five years (grade of B).

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