Fund Evaluator:

American Century One Chc Blnd+ 2065 Inv Overview

American Century One Chc Blnd+ 2065 Inv (AAEKX) is an actively managed Allocation Target-Date 2065 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 One Chc Blnd+ 2065 Inv (AAEKX)

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 One Chc Blnd+ 2065 Inv has 21 securities in its portfolio. The top 10 holdings constitute 86.2% 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 One Chc Blnd+ 2065 Inv is part of the Allocation global asset class and is within the Allocation fund group. American Century One Chc Blnd+ 2065 Inv has 34.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 60.3%. There is 33.7% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 4.7% (3.7% domestic bond, 0.9% foreign bond and 0.0% convertible bond). American Century One Chc Blnd+ 2065 Inv has 1.2% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $248 million average for the Target-Date 2065 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.

AAEKX 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 One Chc Blnd+ 2065 Inv expense ratio is average compared to funds in the Target-Date 2065 category. American Century One Chc Blnd+ 2065 Inv has an expense ratio of 0.59%, which is 12% 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 One Chc Blnd+ 2065 Inv has a portfolio turnover rate of 16%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 25% for the Target-Date 2065 category.

Recently, in the month of July 2026, American Century One Chc Blnd+ 2065 Inv returned -0.3%, which earned it a grade of B, as the Target-Date 2065 category had an average return of -0.8%. 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 One Chc Blnd+ 2065 Inv has a trailing yield of 1.86%, which is above the 1.44% 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 One Chc Blnd+ 2065 Inv Grades

Year to date, the fund has returned 10.5%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.6% over the past year (grade of D), 16.2% over the past three years (grade of D) and 8.7% per year over the past five years (grade of D).

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