AACZX — One Choice Blend+ 2040 Portfolio, R6 Class
Data updated: 2026-09-29
AACZX — One Choice Blend+ 2040 Portfolio, R6 Class. 0.24% expense ratio · no sales load · since 2021. Holdings, fees, performance and SEC filings.
AACZX Fund Overview
AACZX — One Choice Blend+ 2040 Portfolio, R6 Class is a US mutual fund managed by American Century Asset Allocation Portfolios, Inc., categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Century Asset Allocation Portfolios, Inc.
- Category: Target Date / Glide Path Allocation
- Assets under management: $163.14M
- 1-year return: 16.3%
- Ticker: AACZX
- SEC CIK: 0001293210
- SEC series ID: S000071100
- Share class ID: C000225719
AACZX Investment Objective and Strategy
One Choice Blend+ 2040 Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Century Asset Allocation Portfolios, Inc..
Investment objective
The fund seeks the highest total return consistent with its asset mix.
Principal investment strategy
One Choice Blend+ 2040 Portfolio is a fund of funds, meaning that it seeks to achieve its objective by investing in other mutual funds 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. The underlying bond funds invest in fixed-income securities that vary by issuer type (corporate and government), credit quality (investment-grade and high-yield or junk bonds) and geographic exposure (domestic and international). Short-term investments include underlying funds that invest in fixed-income or debt instruments and have a shorter-term weighted average duration, typically three years or less.
The following table indicates the funds neutral mix; that is, how the funds investments generally will be allocated among the major asset classes as of the date of this prospectus. Equity Securities (Stock Funds) 70.8 % U.S. Equity 45.2 % International Equity 23.5 % Real Estate 2.1 % Fixed-Income Securities (Bond Funds) 27.7 % Short-Term Investments (Short-Term Funds) 1.5 % The target date in the fund name (2040) refers to the approximate year an investor plans to retire and likely would stop making new investments in the fund. The target date does not necessarily represent the specific year you expect to need your assets. It is intended only as a general guide and assumes a retirement age of 65. The fund may not be appropriate for an investor who plans to retire at or near the target date, but at an age well before or after 65.
The fund is designed for investors who plan to withdraw the value of their account gradually after retirement. Over time, the funds neutral mix will become more conservative by decreasing the allocation to stocks and increasing the allocation to bonds and short-term investments. The fund will reach its most conservative allocation approximately five years after the target date, at which point its neutral mix is expected to become fixed at 40% stock funds, 51% bond funds and 9% short-term funds. The following chart shows how the neutral mix is expected to change over time according to a predetermined glide path. The portfolio managers regularly review the funds allocations to determine whether rebalancing is appropriate. In order to better balance risks in changing market environments, the portfolio managers may make modest deviations from the neutral mix in light of prevailing market conditions.
We reserve the right to modify the neutral mix and underlying funds from time to time should circumstances warrant a change.
AACZX Holdings
Top 10 holdings of One Choice Blend+ 2040 Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Avantis Core Fixed Income Fund | 15.07% |
| Avantis US Equity Fund | 13.53% |
| American Century Focused Large Cap Value Fund | 12.07% |
| Avantis International Equity Fund | 9.90% |
| American Century Focused Dynamic Growth Fund | 7.26% |
| American Century Global Bond Fund | 5.03% |
| American Century Growth Fund | 4.14% |
| American Century High Income Fund | 3.86% |
| American Century Focused International Growth Fund | 3.50% |
| American Century Mid Cap Value Fund | 2.79% |
AACZX Portfolio Allocation
Asset-class allocation of One Choice Blend+ 2040 Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
AACZX Performance
Total returns for AACZX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.18% |
| 1 year | 16.32% |
| 3 years (annualised) | 13.55% |
| 5 years (annualised) | 6.92% |
AACZX Risk Information
Risk metrics for AACZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.08%
AACZX Costs and Fees
AACZX costs about $24 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.24%
- Gross expense ratio: 0.24%
- Portfolio turnover: 24%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
AACZX Cashflows
Over the 12 months to 2026-07, One Choice Blend+ 2040 Portfolio had net inflows of $20.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $1.25M |
| 2026-06 | $1.13M |
| 2026-05 | −$379.98K |
| 2026-04 | −$36.10K |
| 2026-03 | $858.31K |
| 2026-02 | $7.77M |
AACZX Debt Constituents
No individual debt constituents are reported in One Choice Blend+ 2040 Portfolio's latest SEC N-PORT filing.
AACZX Prospectus and SEC Filings
Official One Choice Blend+ 2040 Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-25
- Prospectus (485BPOS) — filed 2023-11-28
- Prospectus supplement (497) — filed 2025-04-11
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2025-10-08
- Annual census (N-CEN) — filed 2024-10-09
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.