Fund Evaluator:

American Century One Choice VryCnsrv Inv Overview

American Century One Choice VryCnsrv Inv (AONIX) is an actively managed Allocation Conservative Allocation fund. American Century Investments launched the fund in 2004.

The investment seeks the highest total return consistent with its asset mix. The fund invests in other American Century Investments mutual funds (the underlying funds) that represent a variety of asset classes and investment styles. Its asset allocation strategy emphasizes investments in fixed-income securities and short-term investments, but maintains a portion of the fund's assets in equity securities.

About American Century One Choice VryCnsrv Inv (AONIX)

There are 4 members of the management team with an average tenure of 14.40 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 Russell 3000 TR USD index with a weighting of 100%. American Century One Choice VryCnsrv Inv has 20 securities in its portfolio. The top 10 holdings constitute 88.7% 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 Choice VryCnsrv Inv is part of the Allocation global asset class and is within the Allocation fund group. American Century One Choice VryCnsrv Inv has 15.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 20.3%. There is 4.7% allocated to foreign stock, and 1.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 68.5% (57.7% domestic bond, 10.8% foreign bond and 0.5% convertible bond). American Century One Choice VryCnsrv Inv has 5.0% of the portfolio in cash.

Assets Under Management

The fund has $344 million in total assets, which is above the $107 million average for the Conservative 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.

AONIX 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 Choice VryCnsrv Inv expense ratio is above average compared to funds in the Conservative Allocation category. American Century One Choice VryCnsrv Inv has an expense ratio of 0.71%, which is 40% lower than its category average, making the fund expense ratio grade a B. 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 Choice VryCnsrv Inv has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 100% for the Conservative Allocation category.

Recently, in the month of July 2026, American Century One Choice VryCnsrv Inv returned -0.2%, which earned it a grade of A, as the Conservative Allocation 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 Choice VryCnsrv Inv has a trailing yield of 3.57%, which is above the 3.43% category average. The fund normally distributes its income quarterly and its capital gains 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 Choice VryCnsrv Inv Grades

Year to date, the fund has returned 2.9%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 6.2% over the past year (grade of D), 6.5% over the past three years (grade of D) and 2.5% per year over the past five years (grade of C) and 4.2% per year over the past 10 years (grade of C).

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