American Century Investments®
Quarterly Portfolio Holdings
One Choice® Blend+ 2020 Portfolio
April 30, 2024
| One Choice Blend+ 2020 Portfolio - Schedule of Investments | ||
| APRIL 30, 2024 (UNAUDITED) | ||
| Shares | Value ($) | |||||||
UNDERLYING FUNDS(1) — 100.0% | ||||||||
| Domestic Fixed Income Funds — 46.2% | ||||||||
| Avantis Core Fixed Income Fund G Class | 502,104 | 4,072,061 | ||||||
| Avantis Short-Term Fixed Income Fund G Class | 93,502 | 875,178 | ||||||
| High Income Fund G Class | 69,758 | 588,756 | ||||||
| Inflation-Adjusted Bond Fund G Class | 72,019 | 734,596 | ||||||
| Short Duration Inflation Protection Bond Fund G Class | 88,307 | 896,319 | ||||||
| 7,166,910 | ||||||||
| Domestic Equity Funds — 29.9% | ||||||||
| American Century Low Volatility ETF | 15,470 | 757,710 | ||||||
| Avantis U.S. Equity Fund G Class | 81,400 | 1,330,080 | ||||||
| Avantis U.S. Small Cap Value Fund G Class | 8,509 | 138,011 | ||||||
| Focused Large Cap Value Fund G Class | 103,327 | 1,061,166 | ||||||
| Growth Fund G Class | 16,143 | 876,236 | ||||||
| Heritage Fund G Class | 2,779 | 76,235 | ||||||
| Mid Cap Value Fund G Class | 16,807 | 264,045 | ||||||
Small Cap Growth Fund G Class(2) | 6,470 | 134,763 | ||||||
| 4,638,246 | ||||||||
| International Fixed Income Funds — 13.1% | ||||||||
| Emerging Markets Debt Fund G Class | 22,999 | 199,862 | ||||||
| Global Bond Fund G Class | 214,790 | 1,834,305 | ||||||
| 2,034,167 | ||||||||
| International Equity Funds — 10.8% | ||||||||
| Avantis Emerging Markets Equity Fund G Class | 1,378 | 15,818 | ||||||
| Avantis International Equity Fund G Class | 58,349 | 686,771 | ||||||
| Focused International Growth Fund G Class | 22,456 | 369,176 | ||||||
| Global Real Estate Fund G Class | 13,713 | 160,722 | ||||||
| International Small-Mid Cap Fund G Class | 632 | 6,162 | ||||||
| International Value Fund G Class | 50,715 | 436,657 | ||||||
| 1,675,306 | ||||||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $14,694,439) | 15,514,629 | |||||||
| OTHER ASSETS AND LIABILITIES | — | |||||||
| TOTAL NET ASSETS — 100.0% | $ | 15,514,629 | ||||||
| NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.
(2)Non-income producing.
SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS
1. Underlying Funds
The fund invests in varying combinations of other mutual funds and exchange-traded funds advised by American Century Investments (the underlying funds). The fund’s asset allocation is intended to diversify investments among stocks, bonds, and short-term investments. The portfolio holdings of each underlying fund are available at americancentury.com, avantisinvestors.com or upon request at 1-800-345-2021.
2. Investment Valuations
The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Directors oversees the valuation designee and reviews its valuation policies and procedures at least annually.
Open-end management investment companies are valued at their reported NAV. Exchange-traded funds are listed or traded on a domestic securities exchange and are valued at the last reported sales price or at the official closing price as provided by the exchange.
3. Fair Value Measurements
The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.
•Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.
•Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.
•Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).
The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.
As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.
4. Affiliated Fund Transactions
A summary of transactions for each underlying fund for the period ended April 30, 2024 follows (amounts in thousands):
Fund/Underlying Fund(1) | Beginning Value | Purchase Cost | Sales Cost | Change in Net Unrealized Appreciation (Depreciation) | Ending Value | Ending Shares | Net Realized Gain (Loss) | Distributions Received(2) | ||||||||||||||||||
| Avantis Core Fixed Income Fund | $ | 3,538 | $ | 2,617 | $ | 2,237 | $ | 154 | $ | 4,072 | 502 | $ | (210) | $ | 149 | |||||||||||
| Avantis Short-Term Fixed Income Fund | 701 | 526 | 369 | 17 | 875 | 94 | (9) | 24 | ||||||||||||||||||
| High Income Fund | 549 | 358 | 354 | 36 | 589 | 70 | (21) | 35 | ||||||||||||||||||
| Inflation-Adjusted Bond Fund | 621 | 449 | 372 | 37 | 735 | 72 | (58) | 31 | ||||||||||||||||||
| Short Duration Inflation Protection Bond Fund | 743 | 551 | 432 | 34 | 896 | 88 | (29) | 29 | ||||||||||||||||||
| American Century Low Volatility ETF | 540 | 426 | 267 | 59 | 758 | 15 | 6 | 9 | ||||||||||||||||||
| Avantis U.S. Equity Fund | 1,043 | 725 | 549 | 111 | 1,330 | 81 | 41 | 21 | ||||||||||||||||||
| Avantis U.S. Small Cap Value Fund | 117 | 66 | 54 | 9 | 138 | 9 | 2 | 3 | ||||||||||||||||||
| Focused Large Cap Value Fund | 803 | 638 | 448 | 68 | 1,061 | 103 | (22) | 42 | ||||||||||||||||||
| Growth Fund | 679 | 535 | 416 | 78 | 876 | 16 | 34 | 44 | ||||||||||||||||||
| Heritage Fund | 69 | 34 | 35 | 8 | 76 | 3 | 2 | 1 | ||||||||||||||||||
| Mid Cap Value Fund | 199 | 153 | 103 | 15 | 264 | 17 | (13) | 14 | ||||||||||||||||||
Small Cap Growth Fund(3) | 107 | 67 | 47 | 8 | 135 | 6 | — | — | ||||||||||||||||||
| Emerging Markets Debt Fund | 193 | 122 | 120 | 5 | 200 | 23 | (9) | 11 | ||||||||||||||||||
| Global Bond Fund | 1,585 | 1,098 | 968 | 119 | 1,834 | 215 | (107) | 52 | ||||||||||||||||||
| Avantis Emerging Markets Equity Fund | 29 | 8 | 21 | — | 16 | 1 | — | 1 | ||||||||||||||||||
| Avantis International Equity Fund | 516 | 403 | 261 | 29 | 687 | 58 | 3 | 25 | ||||||||||||||||||
| Focused International Growth Fund | 270 | 217 | 139 | 21 | 369 | 22 | (9) | 6 | ||||||||||||||||||
| Global Real Estate Fund | 120 | 94 | 71 | 18 | 161 | 14 | (16) | 7 | ||||||||||||||||||
| International Small-Mid Cap Fund | 9 | 4 | 8 | 1 | 6 | 1 | — | — | ||||||||||||||||||
| International Value Fund | 331 | 239 | 146 | 13 | 437 | 51 | 5 | 27 | ||||||||||||||||||
| $ | 12,762 | $ | 9,330 | $ | 7,417 | $ | 840 | $ | 15,515 | 1,461 | $ | (410) | $ | 531 | ||||||||||||
(1)Underlying fund investments represent G Class, except American Century Low Volatility ETF.
(2)Distributions received includes distributions from net investment income and from capital gains, if any.
(3)Non-income producing.
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.