- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- May 30, 2008
- Business
- American Century Investments One Choice 2040 Portfolio Investor Class (ARDVX) is a target-date mutual fund offered by American Century Investments that seeks the highest total return consistent with its proprietary asset mix, which becomes progressively more conservative as the target retirement year of approximately 2040 approaches by decreasing allocations to equities and increasing allocations to fixed-income securities and cash equivalents. The fund invests primarily as a fund-of-funds in a diversified mix of underlying American Century proprietary funds, including equity strategies such as American Century Large Cap Equity Fund G Class (11.05%), American Century Investments Focused Large Cap Value Fund G Class (9.83%), American Century Growth Fund G Class (5.67%), and international options; fixed-income holdings such as American Century Diversified Bond Fund G Class (17.26%) and American Century Global Bond Fund G Class (8.88%); with current asset allocations approximating 41.85% U.S. stocks, 27.32% U.S. bonds, 18.78% non-U.S. stocks, 9.75% non-U.S. bonds, and 1.93% cash. Investor Class shares feature a minimum initial investment of $2,500 for non-retirement accounts ($1,000 for IRAs), a net expense ratio of 0.85%, and no front-end or deferred loads, targeting individual investors, financial advisors, and retirement plan participants planning for retirement around 2040.
American Century Investments, the fund's sponsor, founded in 1958 as Twentieth Century Mutual Funds and rebranded in 1997, maintains headquarters at 4500 Main Street in Kansas City, Missouri, with additional offices in New York, London, Hong Kong, and Sydney to support global operations. The firm manages over $300 billion in assets across mutual funds, ETFs, target-date portfolios, and retirement solutions for individual, institutional, and advisor clients worldwide, directing approximately 40% of profits to the Stowers Institute for Medical Research.
Recent developments at American Century Investments include the November 2025 announcement of a strategic alliance with CIBC Asset Management Inc. to launch eight new Avantis CIBC ETFs in Canada, expanding its ETF offerings into the Canadian market through Avantis Investors, a key division; the October 2025 launch of Small Cap Insights ETFs to broaden its active ETF platform; and the achievement of a $90 billion assets-under-management milestone for Avantis Investors ETFs amid global expansion into Europe and other regions. In September 2024, the firm closed and liquidated its Emerging Markets Bond ETF (AEMB) as part of portfolio lineup adjustments, while earlier enhancements with Lincoln Financial Group bolstered variable insurance trust offerings. These initiatives reflect ongoing innovation in ETFs, strategic partnerships, and geographic diversification within the asset management industry.