- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Sep 1, 2004
- Business
- American Century Investments One Choice 2045 Portfolio Investor Class (AROIX) is a target-date mutual fund offered by American Century Investments that seeks the highest total return consistent with its asset mix; as the target year of approximately 2045 approaches, the portfolio automatically adjusts to a more conservative allocation by decreasing exposure to stocks and increasing allocations to bonds and cash equivalents. The fund invests primarily in a diversified mix of underlying American Century funds, including equity strategies such as American Century Large Cap Equity, American Century Focused Large Cap Value, and international equity funds; fixed income components like American Century Diversified Bond; and other asset classes encompassing small-cap stocks, emerging markets, and money market instruments, with top holdings representing significant portions such as Diversified Bond at around 16% and Large Cap Equity at 11%. It targets retirement savers planning to retire around 2045, serving individual investors through Investor Class shares with minimum initial investments of $2,500 for non-retirement accounts (waived under certain automatic investment plans), and is subject to risks including market volatility, interest rate fluctuations, credit risks, and asset allocation decisions that may cause underperformance relative to peers.
American Century Investments, the fund's sponsor, founded in 1958 and headquartered at 4500 Main Street in Kansas City, Missouri, operates as an independent global asset manager with approximately 1,400 employees and offices in New York, London, Hong Kong, and Sydney; the firm provides a broad range of investment products including mutual funds, ETFs via its Avantis Investors division, target-date portfolios, fixed income, equities, and institutional strategies, with over $300 billion in assets under management.
Recent developments include a management fee schedule reduction effective December 1, 2024, alongside a temporary waiver through November 30, 2025, aimed at lowering costs for investors; in November 2025, American Century's Avantis Investors formed a strategic alliance with CIBC Asset Management Inc. to launch eight new Avantis CIBC ETFs targeting Canadian equity, U.S. small-cap value, global small-cap value, international equity, emerging markets equity, and multi-asset allocation; additionally, Avantis Investors achieved a milestone of surpassing $100 billion in assets under management in December 2025, reflecting rapid growth in active ETFs and global expansion.