Fund Evaluator:

American Century One Choice 2070 I Overview

American Century One Choice 2070 I (ARAEX) is an actively managed Allocation Target-Date 2070+ fund. American Century Investments launched the fund in 2025.

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 American Century mutual funds (the underlying funds) that represent a variety of asset classes and investment styles.

About American Century One Choice 2070 I (ARAEX)

There are 5 members of the management team with an average tenure of 0.66 years: Scott Wilson (2025), Richard Weiss (2025), Radu Gabudean (2025), Vidya Rajappa (2025), Brian Garbe (2025). Management tenure is more important for actively managed funds than passive index funds.

American Century One Choice 2070 I has 27 securities in its portfolio. The top 10 holdings constitute 72.1% 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 2070 I is part of the Allocation global asset class and is within the Allocation fund group. American Century One Choice 2070 I has 32.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.6%. There is 30.4% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 12.3% (9.8% domestic bond, 2.5% foreign bond and 0.1% convertible bond). American Century One Choice 2070 I has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $27 million in total assets, which is below the $36 million average for the Target-Date 2070+ 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.

ARAEX 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 2070 I expense ratio is above average compared to funds in the Target-Date 2070+ category. American Century One Choice 2070 I has an expense ratio of 0.69%, which is 3% 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. A portfolio turnover rate cannot be currently calculated for American Century One Choice 2070 I. By way of comparison, the average portfolio turnover is 20% for the Target-Date 2070+ category.

Recently, in the month of July 2026, American Century One Choice 2070 I returned 0.0%, which earned it a grade of A, as the Target-Date 2070+ 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 2070 I has a trailing yield of 0.00%, which is below the 1.34% category average. The fund normally distributes its income annually 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 2070 I Grades

Year to date, the fund has returned 8.7%, 2.0 percentage points worse than the category, which translates into a grade of F.

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about American Century One Choice 2070 I, including its riskiness, submit your email to unlock the rest of the article.