Fund Evaluator:

American Century Strat Allc: Mod A Overview

American Century Strat Allc: Mod A (ACOAX) is an actively managed Allocation Global Moderate Allocation fund. American Century Investments launched the fund in 1996.

The investment seeks the highest level of total return consistent with its asset mix. The fund's asset allocation strategy diversifies investments among equity securities, bonds and money market instruments. It usually invests 64% of its assets in stocks, 32% of its assets in bonds, and 4% of its assets in cash equivalents. The fund also invests in a variety of debt securities payable in U.S. and foreign currencies. It may invest in any type of U.S. or foreign equity security that meets certain fundamental and technical standards. The fund may invest up to 10% of its assets in below investment-grade securities.

About American Century Strat Allc: Mod A (ACOAX)

There are 4 members of the management team with an average tenure of 14.41 years: Scott Wilson (2006), Richard Weiss (2010), Radu Gabudean (2013), Vidya Rajappa (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI IMI NR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. American Century Strat Allc: Mod A has 856 securities in its portfolio. The top 10 holdings constitute 43.6% 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 Strat Allc: Mod A is part of the Allocation global asset class and is within the Allocation fund group. American Century Strat Allc: Mod A has 23.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 42.5%. There is 20.0% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 30.3% (26.6% domestic bond, 3.7% foreign bond and 0.0% convertible bond). American Century Strat Allc: Mod A has 6.8% of the portfolio in cash.

Assets Under Management

The fund has $261 million in total assets, which is below the $947 million average for the Global Moderate Allocation 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.

ACOAX 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 Strat Allc: Mod A expense ratio is high compared to funds in the Global Moderate Allocation category. American Century Strat Allc: Mod A has an expense ratio of 1.08%, which is 4% higher 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 Strat Allc: Mod A has a portfolio turnover rate of 75%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.

Recently, in the month of July 2026, American Century Strat Allc: Mod A returned -0.6%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of 0.3%. 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 Strat Allc: Mod A has a trailing yield of 1.53%, which is below the 2.61% category average. The fund normally distributes its income quarterly and its capital gains semi-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 Strat Allc: Mod A Grades

Year to date, the fund has returned 5.5%, 2.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.4% over the past year (grade of F), 10.8% over the past three years (grade of D) and 5.2% per year over the past five years (grade of D) and 7.8% per year over the past 10 years (grade of B).

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