- 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 2025 Portfolio Investor Class (ARWIX) 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 2025 approaches, the fund adjusts its allocations to become more conservative by decreasing exposure to stocks and increasing allocations to bonds and cash equivalents. The portfolio invests primarily in other American Century mutual funds, including American Century Diversified Bond Fund G Class (approximately 18.7%), Global Bond Fund G Class (13.7%), Large Cap Equity Fund G Class (10.1%), Focused Large Cap Value Fund G Class (9.0%), and Short Duration Fund G Class (7.8%); its asset diversification features U.S. bonds (40.7%), U.S. stocks (31.4%), non-U.S. bonds (12.3%), non-U.S. stocks (12.3%), cash (2.1%), and other assets (1.2%). The fund targets investors planning to retire or begin withdrawals around 2025, with a blend investment style for equities (large-cap focus) and moderate credit quality and interest-rate sensitivity for bonds; it operates within the Target-Date 2025 Morningstar category and serves U.S. investors through retirement accounts and brokerage platforms.
American Century Investments, the fund's sponsor, was founded in 1958 as Twentieth Century Mutual Funds (renamed in 1997) and maintains headquarters in Kansas City, Missouri; the firm manages approximately $250 billion in global assets with operations extending to offices in New York, London, Hong Kong, Sydney, and other locations. ARWIX, launched on August 31, 2004, holds total net assets of about $1.31 billion, with the Investor Class share class at $515 million; it features a net expense ratio of 0.78%, a minimum initial investment of $2,500 ($1,000 for IRAs), and daily pricing.
In recent developments, the fund's management fee schedule decreased effective December 1, 2024, with a partial waiver extended through November 30, 2025, subject to board approval; it closed to new investors on March 21, 2025, ceased accepting most additional investments after June 6, 2025, and merged into the One Choice In Retirement Portfolio on June 13, 2025, aligning its post-target allocation to approximately 45% stocks, 45% bonds, and 10% money market funds. American Century Investments maintains a longstanding strategic alliance with Nomura Holdings since 2016, under which Nomura holds a non-controlling 41% economic interest, facilitating cross-distribution of products in the U.S., Japan, and Asia. The firm continues to emphasize active management across equities, fixed income, and target-date solutions while integrating ESG factors in select strategies.